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Oct 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-11-01
Nikkei advances

Nikkei advances

Japan's Nikkei share average advanced on Wednesday as investors took comfort that some firms, such as Hitachi Ltd and Komatsu Ltd, did not cut their full-year earnings guidance as feared. Index heavyweight Fanuc Corp, which gained 1.6 percent, also lent s
Published 01 Nov, 2012 12:00am
European shares hit by BG production warning

European shares hit by BG production warning

European stocks dipped on Wednesday, led by heavyweight British oil and gas firm BG Group after it warned it would show no production growth next year. The FTSEurofirst 300 closed 0.6 percent lower at 1,096.38, reflecting weakness on Wall Street, which re
Published 01 Nov, 2012 12:00am
Southeast Asian bourses mostly fall

Southeast Asian bourses mostly fall

Southeast Asian stocks mostly fell on Wednesday, with Indonesia and Malaysia under mild selling pressure after recent gains to record highs. Thai shares recouped earlier losses amid late buying into battered bluechips such as Kasikornbank. Jakarta's Compo
Published 01 Nov, 2012 12:00am
Indian shares gain

Indian shares gain

Indian shares rose on Wednesday, recovering from steep falls in the previous session, as auto makers such as Maruti Suzuki India Ltd rose on hopes sales would rebound, while drug makers including Glenmark Pharmaceuticals extended a recent rally on the bac
Published 01 Nov, 2012 12:00am
UK shares down on bleak outlook, earnings reports

UK shares down on bleak outlook, earnings reports

UK shares fell on Wednesday, ending the month on a down note as a string of gloomy earnings and outlooks from firms such as Barclays and GlaxoSmithKline weighed on sentiment. The FTSE 100 was down 1.2 percent, or 67 points, at 5,782.70 at the close, more
Published 01 Nov, 2012 12:00am
Indian rupee rises

Indian rupee rises

The Indian rupee rose on Wednesday, but snapped two successive months of gains to fall in October as the euphoria over economic reforms petered out and the central bank kept rates on hold, with global events expected to determine the currency's near-term
Published 01 Nov, 2012 12:00am
Yen off highs in Asia

Yen off highs in Asia

The yen drifted off a one-week high against the dollar on Wednesday thanks to a general improvement in risk appetite, paring gains made after the Bank of Japan balked at delivering a surprise for markets. The euro also hovered above last week's lows after
Published 01 Nov, 2012 12:00am
Euro rises in London

Euro rises in London

The euro rose on Wednesday as firmer European equities helped lift risk appetite, pushing the single currency higher, while dollar direction will take its cue when US markets reopen. Traders said demand from Middle Eastern and Asian sovereign investors an
Published 01 Nov, 2012 12:00am
Early trade in New York: Euro moves up versus dollar

Early trade in New York: Euro moves up versus dollar

The euro edged up against the dollar on Wednesday and was headed for its third straight month of gains, but uncertainty about the heavily indebted euro-zone economies was set to limit further strength. Gains in equity markets early in the day had lifted t
Published 01 Nov, 2012 12:00am
Euro rallies in New York

Euro rallies in New York

The euro rallied against the dollar and yen on Tuesday after data showed the Spanish economy contracted slightly less than expected in the third quarter and Italy's borrowing costs fell at a sale of five- and 10-year debt. The yen rose against the dollar
Published 01 Nov, 2012 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday: 81.20-81.26 (previous 81.20-81.22). Call Money Rates: 09.75-10.00 percent (previous 09.75-10.00 percent).
Published 01 Nov, 2012 12:00am
Australian and New Zealand dollars up

Australian and New Zealand dollars up

The Australian dollar edged up on Wednesday following upbeat housing data, putting it on track to end the month flat, in contrast with its New Zealand counterpart, which looked set to post a negative month against the greenback. The Aussie was up 0.1 perc
Published 01 Nov, 2012 12:00am
Emerging Asian currencies mixed

Emerging Asian currencies mixed

Emerging Asian currencies were mixed on Wednesday amid month-end corporate flows, but most were set to post gains for October as signs of a global recovery attract inflows to the region. The South Korean won hit a near 14-month high on exporters' demand f
Published 01 Nov, 2012 12:00am
Yuan ends day at strong-side limit, highest ever close

Yuan ends day at strong-side limit, highest ever close

China's yuan recorded its strongest ever close on Wednesday after it hit the strong-side trade band limit for a fourth time in less than a week, and held there until trading shut. The central bank set its midpoint at 6.3002 per dollar, slightly stronger t
Published 01 Nov, 2012 12:00am
Pound rises versus dollar

Pound rises versus dollar

Sterling edged up against the dollar on Wednesday, helped by stronger UK data which has lowered the chances of further monetary easing by the Bank of England next week. The pound rose for a second straight day, trading 0.2 percent higher at $1.6104, havin
Published 01 Nov, 2012 12:00am
Gerrard says sorry for Everton long ball jibes

Gerrard says sorry for Everton long ball jibes

Liverpool captain Steven Gerrard has apologised for dismissing rivals Everton as a long-ball team in the aftermath of a stormy Merseyside derby. Gerrard described Everton as playing like Stoke, a team notorious for their direct approach and aggressive tac
Published 01 Nov, 2012 12:00am
PSG to pay 100 million euros for Ronaldo

PSG to pay 100 million euros for Ronaldo

Big-spending French side Paris Saint-Germain are ready to shell out 100 million euros for Real Madrid ace Cristiano Ronaldo and bring manager Jose Mourinho at the same time, Italy's Gazzetta dello Sport said Wednesday. The sports daily claimed the two clu
Published 01 Nov, 2012 12:00am
TEPA completes construction of hockey stadium

TEPA completes construction of hockey stadium

Traffic Engineering Transport Planning Agency (TEPA) has completed the construction of a hockey stadium of international standard in Johar Town, Lahore, at a cost of Rs 139 million. According to a Lahore Development Authority (LDA)'s spokesperson here on
Published 01 Nov, 2012 12:00am
Pak-India Hockey series in March

Pak-India Hockey series in March

Secretary Pakistan Hockey Federation Asif Bajwa said hockey series between Pakistan and India will be held in March. Talking to a private news channel, he said that the details of the series will be determined in the upcoming meeting of the International
Published 01 Nov, 2012 12:00am
Foreigner influx boosts but troubles Russia

Foreigner influx boosts but troubles Russia

A huge influx of foreign footballing and managerial talent into Russian football in recent years has boosted the standard and profile of the domestic league but also raised fears about a drought of home-grown players. In the USSR, football existed exclusi
Published 01 Nov, 2012 12:00am
Arsenal beat Reading in crazy 12-goal thriller

Arsenal beat Reading in crazy 12-goal thriller

Arsenal mounted an incredible comeback from 4-0 down to win 7-5 after extra time at Reading in a truly extraordinary League Cup fourth-round tie at the Madejski Stadium on Tuesday. Theo Walcott was the hero, claiming a 95th-minute equaliser to force extra
Published 01 Nov, 2012 12:00am
India not enthused by day-night Tests

India not enthused by day-night Tests

India are unlikely to embrace the concept of day-night Test matches, a top official said on Wednesday, because a previous experiment in first-class cricket fell flat. The International Cricket Council announced this week that Tests can now be played under
Published 01 Nov, 2012 12:00am
Ulsan reach Champions League final

Ulsan reach Champions League final

South Korea's Ulsan Hyundai reached their first ever AFC Champions League final Wednesday after they weathered an early onslaught to beat Bunyodkor 2-0 for a 5-1 aggregate win. Kim Shin-Wook put the hosts ahead in the 53rd minute before Lee Kuen-Ho sealed
Published 01 Nov, 2012 12:00am
Sana's heroics in vain as India win T20 Asia Cup

Sana's heroics in vain as India win T20 Asia Cup

Captain Sana Mir produced a splendid all-round display but her efforts went in vain as India defeated Pakistan by 18 runs in the final to win the Women's Twenty20 Asia Cup Cricket Tournament in Guangzhou (China) on Wednesday. Experienced Sana captured fou
Published 01 Nov, 2012 12:00am
Barca off to winning start in Cup defence

Barca off to winning start in Cup defence

Barcelona avoided any mishaps as they set out on the defence of their Spanish Cup title with a 3-0 first leg win away to lower league Alaves on Tuesday. Despite resting several star names David Villa, Andres Iniesta and Cesc Fabregas were on target to con
Published 01 Nov, 2012 12:00am
Berlusconi slams Milan tactics

Berlusconi slams Milan tactics

AC Milan owner Silvio Berlusconi has reportedly criticised coach Massimiliano Allegri's choice of tactics during a 2-2 draw away to Palermo in Italy's Serie A on Tuesday. Milan, enduring one of their worst starts to the season after losing the spine of th
Published 01 Nov, 2012 12:00am
Ton-up Cook shines in India tour opener

Ton-up Cook shines in India tour opener

Alastair Cook began his reign as England's full-time Test captain with an unbeaten century that revived the tourists in their opening match of the Indian tour on Wednesday. The left-handed opener was on 112 and Samit Patel made 82 not out as England fough
Published 01 Nov, 2012 12:00am
Modi loses Cairns libel verdict appeal

Modi loses Cairns libel verdict appeal

Former chairman of the Indian Premier League Lalit Modi has failed in his appeal against a £90,000 libel award to former New Zealand captain Chris Cairns over an accusation of match-fixing. Cairns sued Modi earlier this year and won the case when a judge
Published 01 Nov, 2012 12:00am
130 missing in Rohingya boat sinking

130 missing in Rohingya boat sinking

About 130 people are missing after a boat carrying Rohingya refugees who were headed for Malaysia sank off Bangladesh, according to Bangladesh police and a Rohingya advocacy group on Wednesday. Mohammad Farhad, police inspector at Teknaf on the south-east
Published 01 Nov, 2012 12:00am
Switzerland lifts ban on Novartis flu vaccine

Switzerland lifts ban on Novartis flu vaccine

Switzerland's national drug agency announced Wednesday it was lifting a ban on sales of flu vaccines made by Swiss pharmaceutical giant Novartis after documenting that concerns over impurities were unfounded. "Swissmedic lifts the suspension of deliveries
Published 01 Nov, 2012 12:00am
Merkel reassures Turkey on EU talks, Erdogan raps Cyprus

Merkel reassures Turkey on EU talks, Erdogan raps Cyprus

German Chancellor Angela Merkel told Turkish Prime Minister Tayyip Erdogan on Wednesday the European Union (EU) would pursue accession talks with his country in good faith, despite some persistent disagreements. Erdogan said on Tuesday the EU would lose T
Published 01 Nov, 2012 12:00am
Bomb in Damascus kills six

Bomb in Damascus kills six

A bomb killed at least six people on Wednesday near a Shia shrine in a suburb of the Syrian capital Damascus, state media and opposition activists said. State media said 13 people were also wounded in the explosion in the Sayeda Zainab district. The semi-
Published 01 Nov, 2012 12:00am
Clinton calls for overhaul of Syria opposition

Clinton calls for overhaul of Syria opposition

The United States called on Wednesday for a major overhaul of Syria's beleaguered opposition, saying it was time to move beyond the Syrian National Council (SNC) and bring in those who are "in the frontlines fighting and dying today". Secretary of State H
Published 01 Nov, 2012 12:00am
J.P Morgan sues former London Whale boss

J.P Morgan sues former London Whale boss

J.P. Morgan Chase & Co is suing the former boss of Bruno Iksil, the trader known as the London Whale, for the outsized derivatives positions he took that cost the bank $6.2 billion. Javier Martin-Artajo, who was Iksil's immediate supervisor, was named as
Published 01 Nov, 2012 12:00am
France makes billion euro tax claim against Google

France makes billion euro tax claim against Google

French tax authorities have made a billion-euro ($1.3 billion) claim against Google to pressure it in a dispute over compensation to media websites, a French newspaper reported, a claim denied by the US Internet giant's local arm. The weekly Canard Enchai
Published 01 Nov, 2012 12:00am
Evacuation as cyclone strikes India's south-east

Evacuation as cyclone strikes India's south-east

Thousands of people were evacuated from their homes in southeast India on Wednesday as a cyclone slammed into the coast, with officials warning of possible flooding and damage to houses. Cyclone Nilam struck the historic port of Mahabalipuram, 50 kilometr
Published 01 Nov, 2012 12:00am
Afghan roadside bombings kill 17 civilians

Afghan roadside bombings kill 17 civilians

A series of roadside bombs in restive southern Afghanistan on Wednesday killed a total of 17 people, among them women and children, in a bloody week for civilians. The attacks came the day the head of the Afghan election commission said Taliban and other
Published 01 Nov, 2012 12:00am
Hollande issues warning to Iran

Hollande issues warning to Iran

French President Francois Hollande on Wednesday said he wanted "concrete acts" from Iran to prove it was not pursuing nuclear arms, after his first direct meeting with Israeli Prime Minister Benjamin Netanyahu. Addressing a press conference with Netanyahu
Published 01 Nov, 2012 12:00am
China think-tank calls for end to one-child policy

China think-tank calls for end to one-child policy

China should phase out its unpopular one-child policy and let families have two children by 2015, an influential think-tank with close links to the government has proposed. The suggestion comes from the China Development Research Foundation (CDRF), adding
Published 01 Nov, 2012 12:00am
Japan's Nomura fined $2.5 million for insider trading

Japan's Nomura fined $2.5 million for insider trading

Tokyo's bourse imposed a record fine of about $2.5 million on Nomura Holdings on Wednesday in the wake of an insider trading scandal at Japan's biggest brokerage. The Tokyo Stock Exchange (TSE) said it was levying a 200 million yen penalty on the company,
Published 01 Nov, 2012 12:00am
90 percent of Europeans would vote for Obama: poll

90 percent of Europeans would vote for Obama: poll

More than 90 percent of northern Europeans would vote for President Barack Obama if they were able to cast ballots in the United Sates' election next week because they see Mitt Romney as too right wing, British pollster YouGov said on Wednesday.
Published 01 Nov, 2012 12:00am
Jamaat-i-Islami moves LHC against political office of president

Jamaat-i-Islami moves LHC against political office of president

Jamaat-i-Islami (JI) through its deputy secretary Dr Fareed Ahmad Pracha has approached the Lahore High Court against political office of President Asif Ali Zardari and sought a declaration that the President suffered from pre-election disqualification.
Published 01 Nov, 2012 12:00am
GCU produces four PhDs in Maths

GCU produces four PhDs in Maths

The Government College University (GCU) Lahore Abdus Salam School of Mathematical Sciences has produced four doctors of philosophy (PhDs) in the field of Mathematics.
Published 01 Nov, 2012 12:00am
Lotte Pakistan PTA

Lotte Pakistan PTA

Lotte Pakistan PTA is one of the oft-traded scrips on the Karachi Stock Exchange. The company is a world-class supplier of purified terephthalic acid (PTA), an essential raw material used in the polyester industry. A very significant use of PTA is in the
Published 01 Nov, 2012 12:00am
Lotte Pakistan PTA

Lotte Pakistan PTA

Lotte Pakistan PTA is one of the oft-traded scrips on the Karachi Stock Exchange. The company is a world-class supplier of purified terephthalic acid (PTA), an essential raw material used in the polyester industry. A very significant use of PTA is in the
Published 01 Nov, 2012 12:00am
New York cotton settles lower

New York cotton settles lower

US cotton futures trading on ICE Futures extended the previous session's losses and closed lower on Wednesday, as rising certified stocks provided pressure. The most-actively traded December cotton contract on ICE Futures US settled down 0.85 cent, or 1.2
Published 01 Nov, 2012 12:00am
Shanghai copper surges

Shanghai copper surges

The most-traded February copper contract on the Shanghai Futures Exchange rose 0.67 percent to close at 56,860 yuan ($9,100) a tonne on Wednesday. "There is not much conviction in China with the discount from paper to physical (prices) remaining large. St
Published 01 Nov, 2012 12:00am
Copper up but set for weakest month since May

Copper up but set for weakest month since May

London copper rose on Wednesday, buoyed by a softer dollar, but gains were limited with US stock markets falling after a two-day closure for the storm Sandy and as metals investors stayed wary about demand from China. Three-month copper on the London Meta
Published 01 Nov, 2012 12:00am
Oil, gasoline rise

Oil, gasoline rise

US gasoline rose on Wednesday on concerns about East Coast supply shortages as the energy sector struggled to restore operations disrupted by massive storm Sandy. Front-month November gasoline futures surged more than 7 percent at points during intraday a
Published 01 Nov, 2012 12:00am
Tokyo rubber edges up

Tokyo rubber edges up

Key TOCOM rubber futures ended slightly higher on Wednesday, tracking gains in the Shanghai market, although lingering worries about slower demand growth capped gains. The key Tokyo Commodity Exchange rubber contract for April delivery settled up 0.7 perc
Published 01 Nov, 2012 12:00am
Soyabeans rebound

Soyabeans rebound

US soyabean futures snapped a three-day slide on Tuesday, rallying on bargain buying, firm cash markets and talk of Chinese demand, traders said. Corn futures firmed on technical buying after a six-day sell-off while wheat fell for a fourth day as traders
Published 01 Nov, 2012 12:00am
Palm oil slips

Palm oil slips

Malaysian palm oil futures inched down on Wednesday as the strongest exports recorded for this year may do little to cut into high stocks at a time when output is surging in the world's second largest producer of the edible oil. Cargo surveyor data showed
Published 01 Nov, 2012 12:00am
Arabica coffee down

Arabica coffee down

Arabica coffee futures slipped on Wednesday, pressured by selling from top grower Brazil, while beneficial dry weather for that country's sugar harvest weighed on sugar prices. Cocoa was little changed in both London and New York. December arabica coffee
Published 01 Nov, 2012 12:00am
Gold flat in New York

Gold flat in New York

Gold prices were little changed on Tuesday as European stock markets rose and the dollar weakened, but moves were limited as New York markets remained closed due to Hurricane Sandy, and ahead of a key US jobs report due later this week. Spot gold rose by
Published 01 Nov, 2012 12:00am
Gold rises in Asia

Gold rises in Asia

Gold edged up on Wednesday but was poised to snap a four-month winning streak, with investors staying on the sidelines ahead of key US employment data and in the wake of Hurricane Sandy. Spot gold was moving in a range of about $3, after trading little ch
Published 01 Nov, 2012 12:00am
Gold soars in Europe

Gold soars in Europe

Gold rose to its highest in a week on Wednesday, as stock markets firmed and the dollar weakened ahead of a re-opening of New York markets, but were on track to end a four-month winning streak as October drew to a close. Prices broke back above $1,720 an
Published 01 Nov, 2012 12:00am
US MIDDAY: grains up

US MIDDAY: grains up

Chicago Board of Trade wheat prices rose nearly 2 percent on Wednesday, halting a four-day sell-off, and corn and soyabeans also firmed, joining a broad rally in commodities tied in part to end-of-the-month buying. Wheat rose to the day's high after Egypt
Published 01 Nov, 2012 12:00am
US MIDDAY: gold up

US MIDDAY: gold up

Gold rose nearly 1 percent to its highest in a week on Wednesday as US stock markets held firm after re-opening following Hurricane Sandy, but gold ended lower for the month, snapping four straight monthly gains. Prices broke back above $1,720 an ounce as
Published 01 Nov, 2012 12:00am
Right to vote: APML hails CJP's remarks

Right to vote: APML hails CJP's remarks

All Pakistan Muslim League's (APML) Central Information Secretary Aasia Ishaque has called for formation of caretaker set-up with the consensus of all political parties.
Published 01 Nov, 2012 12:00am
Clariant Pakistan's profit after tax up to Rs 901.455 million

Clariant Pakistan's profit after tax up to Rs 901.455 million

The profit after tax of Clariant Pakistan Limited has increased to Rs 901.455 million in the nine month period ended September 30, 2012 as compared to Rs 593.150 million earned in the corresponding period in 2011. The board of directors of the company in
Published 01 Nov, 2012 12:00am
Clariant Pakistan's profit after tax up to Rs 901.455 million

Clariant Pakistan's profit after tax up to Rs 901.455 million

The profit after tax of Clariant Pakistan Limited has increased to Rs 901.455 million in the nine month period ended September 30, 2012 as compared to Rs 593.150 million earned in the corresponding period in 2011. The board of directors of the company in
Published 01 Nov, 2012 12:00am
Non-observance of laws main cause behind fire incidents

Non-observance of laws main cause behind fire incidents

Few industries, shopping centers and businesses concerns are following the relevant safety laws and have fire exits. The increasing fire incidents especially in the industrial areas are attributed to the non-observance of the safety laws.
Published 01 Nov, 2012 12:00am
Hubco's after tax profit climbs to Rs 2.113 billion

Hubco's after tax profit climbs to Rs 2.113 billion

The after tax profit of Hub Power Company has increased to Rs 2.113 billion in the quarter ended September 30, 2012 as compared to Rs 1.240 billion in the same quarter in 2011. The board of directors of the company in its meeting held on Wednesday declare
Published 01 Nov, 2012 12:00am
Hubco's after tax profit climbs to Rs 2.113 billion

Hubco's after tax profit climbs to Rs 2.113 billion

The after tax profit of Hub Power Company has increased to Rs 2.113 billion in the quarter ended September 30, 2012 as compared to Rs 1.240 billion in the same quarter in 2011. The board of directors of the company in its meeting held on Wednesday declare
Published 01 Nov, 2012 12:00am
BoP posts Rs 648.437 million profit after tax

BoP posts Rs 648.437 million profit after tax

The Bank of Punjab has posted Rs 648.437 million as profit after taxation in the nine month period ended September 30, 2012 as compared to after tax loss of Rs 160.833 million posted in the corresponding period in 2011. The board of directors of the bank
Published 01 Nov, 2012 12:00am
BoP posts Rs 648.437 million profit after tax

BoP posts Rs 648.437 million profit after tax

The Bank of Punjab has posted Rs 648.437 million as profit after taxation in the nine month period ended September 30, 2012 as compared to after tax loss of Rs 160.833 million posted in the corresponding period in 2011. The board of directors of the bank
Published 01 Nov, 2012 12:00am
UBL's profit after tax increases to Rs 14.057 billion

UBL's profit after tax increases to Rs 14.057 billion

The after tax profit of United Bank has increased to Rs 14.057 billion in the nine month period ended September 30, 2012 as compared to Rs 10.952 billion earned in the corresponding period in 2011. The bank's earning per share has increased to Rs 11.48 in
Published 01 Nov, 2012 12:00am
UBL's profit after tax increases to Rs 14.057 billion

UBL's profit after tax increases to Rs 14.057 billion

The after tax profit of United Bank has increased to Rs 14.057 billion in the nine month period ended September 30, 2012 as compared to Rs 10.952 billion earned in the corresponding period in 2011. The bank's earning per share has increased to Rs 11.48 in
Published 01 Nov, 2012 12:00am
Textile exports to US likely to take a hit

Textile exports to US likely to take a hit

Pakistan is likely to suffer a loss of nearly 20 percent of its annual value-added textile exports to the US as the sea-storm Sandy has plunged the key business corridors of New York in its wake, exporters said on Wednesday. They feared that their payment
Published 01 Nov, 2012 12:00am
Man gunned down in Mastung

Man gunned down in Mastung

Unknown armed men on Wednesday shot at and killed a man in the Paringabad area of Mastung district, police said. They said that Mohammad Ali died when armed men opened fire at him. The assailants escape after committing the crime.
Published 01 Nov, 2012 12:00am
HBL's after tax profit rises to Rs 15.927 billion

HBL's after tax profit rises to Rs 15.927 billion

The after tax profit of Habib Bank Limited has increased to Rs 15.927 billion in the nine month period ended September 30, 2012 as compared to Rs 14.435 billion in the corresponding period in 2011. The board of directors of the bank in its meeting held he
Published 01 Nov, 2012 12:00am
HBL's after tax profit rises to Rs 15.927 billion

HBL's after tax profit rises to Rs 15.927 billion

The after tax profit of Habib Bank Limited has increased to Rs 15.927 billion in the nine month period ended September 30, 2012 as compared to Rs 14.435 billion in the corresponding period in 2011. The board of directors of the bank in its meeting held he
Published 01 Nov, 2012 12:00am
Ambassadors present credentials to President

Ambassadors present credentials to President

Ambassadors of seven countries including the United States of America presented their credentials to President Asif Ali Zardari at a special ceremony here at the Governor House on Wednesday. The Ambassadors of Hungry, Jordan, Belgium, Uzbekistan, Oman, US
Published 01 Nov, 2012 12:00am
Baig in Brazil to attend conference

Baig in Brazil to attend conference

Ishtiaq Baig, Founding President, Make A Wish Foundation Pakistan, has left for Brazil to attend Make A Wish Foundation International Wish Leader conference to be held at Sao Paolo Brazil from 30th October till 4th November.
Published 01 Nov, 2012 12:00am
PPL's profit after tax surges to Rs 11.298 billion

PPL's profit after tax surges to Rs 11.298 billion

The after tax profit of Pakistan Petroleum Limited (PPL) has increased to Rs 11.298 billion in the quarter ended September 30, 2012 as compared to Rs 9.886 billion earned in the corresponding quarter in 2011. The board of directors of the company in its m
Published 01 Nov, 2012 12:00am
PPL's profit after tax surges to Rs 11.298 billion

PPL's profit after tax surges to Rs 11.298 billion

The after tax profit of Pakistan Petroleum Limited (PPL) has increased to Rs 11.298 billion in the quarter ended September 30, 2012 as compared to Rs 9.886 billion earned in the corresponding quarter in 2011. The board of directors of the company in its m
Published 01 Nov, 2012 12:00am
PHE asked to prepare PC-I for drainage system

PHE asked to prepare PC-I for drainage system

Divisional Commissioner Hyderabad Ahmed Bux Narejo has directed the officers of Public Health Engineering (PHE) and HDP Hyderabad to prepare the PC-I for redesigning and rehabilitation of existing facilities of water supply, drainage system of village Tan
Published 01 Nov, 2012 12:00am
InfoTech becomes IBM's first certified Netezza partner in Pakistan

InfoTech becomes IBM's first certified Netezza partner in Pakistan

InfoTech develops expertise on IBM's Netezza Data Warehouse Solutions for enhancing the customer collaboration in businesses in Pakistan. Following its approach for the provision of leading-edge technology solution, InfoTech has now emerged as the IBM's f
Published 01 Nov, 2012 12:00am
War of words

War of words

Punjab being the largest province population-wise, any party aspiring to form the next government at the centre has to win sufficient votes from it. The Sharif brothers now hold sway over much of central and northern regions of the province which was once
Published 01 Nov, 2012 12:00am
Scramble for life, phones, taxis in darkened New York

Scramble for life, phones, taxis in darkened New York

To wake without electricity or cell phone connections in one of the world's most vibrant cities is a shock. For about 750,000 New Yorkers, that was the situation Tuesday and will continue to be the fact for the coming days as Con Edison, the power company
Published 01 Nov, 2012 12:00am
How SAR fits into US AML regulations - I

How SAR fits into US AML regulations - I

When a SAR is required: In general, a Suspected Activity Report or SAR is required1 if the filer knows or suspects that a transaction (or series of related transactions) conducted or attempted by a customer: (a) is a proceed of criminal activity; (
Published 01 Nov, 2012 12:00am
If Obama loses

If Obama loses

The demise of the Soviet Union and the fall of the Iron Curtin led to a democratic dawn in most of the territories controlled by the Bolsheviks from the Kremlin. However, it proved to be a false dawn in several former Soviet states particularly in Byeloru
Published 01 Nov, 2012 12:00am
Superstorm Sandy

Superstorm Sandy

If anyone was looking for a 'perfect storm', the millions of Americans just had it as Superstorm Sandy battered most of north-eastern seaboard of the United States early this week. High winds, lashing spells of driving rain, meters-high sea surges and hea
Published 01 Nov, 2012 12:00am
High losses and defective meters

High losses and defective meters

The World Bank has expressed serious concern over the incidence of unaccounted for gas (UAG) exceeding 10 percent, well above the internationally accepted standard, and widespread tampering with meters that account for not only a widening demand-supply ga
Published 01 Nov, 2012 12:00am
International conference on dengue on November 10

International conference on dengue on November 10

In order to acknowledge the tireless efforts of the government departments, enthusiastic participation by the people and the civil society and close co-operation and assistance of international experts for controlling dengue menace, in a short span of tim
Published 01 Nov, 2012 12:00am
'PTI Youth Policy on November 4'

'PTI Youth Policy on November 4'

Tehrik-e-Insaf (PTI) Vice Chairman Shah Mahmood Qureshi has said that PTI Youth Policy is ready and it would be announced by PTI Chairman Imran Khan at Youth Convention on November 4. He was talking here at a luncheon and Eid Milan hosted by him on Wednes
Published 01 Nov, 2012 12:00am
Punjab government criticised for sugarcane price

Punjab government criticised for sugarcane price

Kisan Board Pakistan (KBP) Chief Sardar Zafar Hussein Khan reacting to the announcement of the Punjab government to fix minimum purchase price of sugarcane at Rs 170 per maund has claimed it is not sufficient enough to even recover the input cost of the g
Published 01 Nov, 2012 12:00am
PPP-PML(Q) alliance will be long lasting affair: Khosa

PPP-PML(Q) alliance will be long lasting affair: Khosa

Governor Punjab Sardar Latif Khosa has said that alliance between the PPP and the PML-Q is not for the time being but it would be long lasting in the larger national interest. He called on the PML-Q President Chaudhry Shujaat Hussain on Wednesday. Deputy
Published 01 Nov, 2012 12:00am
Alleged armament deal: Shahbaz accuses Zardari of receiving kickbacks

Alleged armament deal: Shahbaz accuses Zardari of receiving kickbacks

Punjab Chief Minister Shahbaz Sharif has said that international media has named Asif Ali Zardari and held him responsible in receiving the kickbacks in armaments purchase scandal, between Pakistan and France, amounting to millions of rupees, while, on th
Published 01 Nov, 2012 12:00am
CNG petition: APTMA decides to become party

CNG petition: APTMA decides to become party

All Pakistan Textile Mills Association (APTMA) has decided to become a party to the CNG petition for working out a new pricing mechanism in the Supreme Court. The APTMA leadership made this announcement in a hurriedly-called press conference on Wednesday
Published 01 Nov, 2012 12:00am
SCBA elections get warm response in Multan

SCBA elections get warm response in Multan

There was a great hustle and bustle during the polling for the election of Supreme Court Bar Association (SCBA) in Multan here on Wednesday. Member of SCBA belonging to Dera Ghazi Khan, Multan Layyah, Vehari, Khanewal, Lodhran, Muzaffargarh, Rajanpur cast
Published 01 Nov, 2012 12:00am
International Cardiac moot to be held from November 2

International Cardiac moot to be held from November 2

First PAK KRS Biennial International Conference on Cardiac Pacing and Clinical Electro-physiology and PIC Heart Talk 2012 will go a long way to enhance the knowledge of young doctors, reviewing the important cardiac aspects in Pakistan according to the in
Published 01 Nov, 2012 12:00am
Punjab Forum for referendum in Khyber Pakhtunkhwa over Kalabagh dam

Punjab Forum for referendum in Khyber Pakhtunkhwa over Kalabagh dam

The Punjab Forum has sought a referendum in Khyber Pakhtunkhwa on the issue of Kalabagh dam as majority of people supports this project which is so vital for national survival. The referendum will expose the claims of the so called nationalists who are pl
Published 01 Nov, 2012 12:00am
Wateen Telecom CEO participates in Forbes Global CEO Summit

Wateen Telecom CEO participates in Forbes Global CEO Summit

Wateen Telecom, Pakistan's leading converged communications provider participated in the prestigious Forbes Global CEO conference, held recently in Dubai from 21st-23rd October 2012, which is hosted by the Government of Dubai with the support of corporate
Published 01 Nov, 2012 12:00am
Role of PROs cannot be neglected: Athar

Role of PROs cannot be neglected: Athar

The role of Public Relations Officers (PROs) cannot be neglected at any cost in publicising government policies and making public opinion. This was stated by Director General Public Relations Punjab Athar Ali Khan during a meeting with Public Relations Of
Published 01 Nov, 2012 12:00am
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