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Print - 2012-11-08
South Africa, Australia in shoot-out for No 1

South Africa, Australia in shoot-out for No 1

Pace-packed South Africa's number one world ranking is on the line in a mouth-watering Test series against an in-form Australia team that starts at Brisbane's Gabba on Friday. The Proteas, who became the world's top side after an impressive 2-1 series vic
Published 08 Nov, 2012 12:00am
Ajmal thrilled to play in Australian Big Bash

Ajmal thrilled to play in Australian Big Bash

Pakistan's wily off-spinner Saeed Ajmal said Wednesday he was thrilled at joining Adelaide Strikers for the Australian Big Bash Twenty20 league next month. He is one of three Pakistani players who have signed to play in Australia's Twenty20 event, along w
Published 08 Nov, 2012 12:00am
Egypt sees IMF loan deal in Dec; cabinet approves stock market tax

Egypt sees IMF loan deal in Dec; cabinet approves stock market tax

Egypt expects to reach a loan agreement with the IMF by mid-December after talks this month focusing on limiting the budget deficit and a minimum level for its foreign reserves, the finance minister said on Wednesday. He also said the cabinet had on Wedne
Published 08 Nov, 2012 12:00am
Apple ordered to pay $368 million in patent case

Apple ordered to pay $368 million in patent case

Apple has been ordered to pay $368 million for patent infringement in its use of Facetime, an application that allows for video calls on mobile devices, the plaintiff said Wednesday. Security software firm VirnetX said in a statement the jury in a federal
Published 08 Nov, 2012 12:00am
L'Oreal opens huge Indonesia plant

L'Oreal opens huge Indonesia plant

Cosmetics giant L'Oreal on Wednesday opened its biggest factory in the world in Indonesia, as it seeks to profit from strong demand for beauty products in fast-growing Asia. The French group, the world's biggest cosmetics company, said the factory outside
Published 08 Nov, 2012 12:00am
Violence erupts at Greek anti-cuts protest

Violence erupts at Greek anti-cuts protest

Greek police fired teargas and water cannon at protesters hurling petrol bombs outside parliament on Wednesday in one of the biggest rallies in months against the cuts the country must approve if it is to secure aid and avert bankruptcy. As lawmakers near
Published 08 Nov, 2012 12:00am
EU looks at easing visas for Russians, Chinese

EU looks at easing visas for Russians, Chinese

With newly-affluent Russians and Chinese queuing up to tour the EU, Brussels on Wednesday urged European nations to facilitate travel visas to help spur badly-needed economic growth. "It's business," said the commissioner for industry Antonio Tajani. "Tou
Published 08 Nov, 2012 12:00am
Dana Gas restructures $920 million sukuk

Dana Gas restructures $920 million sukuk

Dana Gas, the first UAE group to default on an Islamic bond, has reached an agreed restructuring of its $920 million sukuk, potentially averting seizure of its Egyptian assets. Although indebted firms in the Gulf Arab state have extended maturities on bil
Published 08 Nov, 2012 12:00am
Dana Gas restructures $920 million sukuk

Dana Gas restructures $920 million sukuk

Dana Gas, the first UAE group to default on an Islamic bond, has reached an agreed restructuring of its $920 million sukuk, potentially averting seizure of its Egyptian assets. Although indebted firms in the Gulf Arab state have extended maturities on bil
Published 08 Nov, 2012 12:00am
ECB plan allows for unlimited bond buys: Draghi

ECB plan allows for unlimited bond buys: Draghi

The European Central Bank's new bond-buying programme allows for unlimited interventions in sovereign debt markets and should dispel concerns about a euro zone break-up, ECB President Mario Draghi said on Wednesday. Speaking a day before the ECB meets for
Published 08 Nov, 2012 12:00am
ECB plan allows for unlimited bond buys: Draghi

ECB plan allows for unlimited bond buys: Draghi

The European Central Bank's new bond-buying programme allows for unlimited interventions in sovereign debt markets and should dispel concerns about a euro zone break-up, ECB President Mario Draghi said on Wednesday. Speaking a day before the ECB meets for
Published 08 Nov, 2012 12:00am
India needs to 'reboot' economy: WEF

India needs to 'reboot' economy: WEF

India needs to "reboot" its economy by reducing endemic corruption and slashing red tape to get back on a high growth path and reduce poverty, delegates said at a high-profile economic forum on Wednesday. The call at the India World Economic Forum came as
Published 08 Nov, 2012 12:00am
BNP Paribas more than doubles profits

BNP Paribas more than doubles profits

Net profits at France's biggest bank, BNP Paribas, more than doubled in the third quarter as the bank continued to reduce its exposure to eurozone sovereign debt. Net income rose to 1.3 billion euros (1.66 billion dollars) from 541 million euros in the sa
Published 08 Nov, 2012 12:00am
BNP Paribas more than doubles profits

BNP Paribas more than doubles profits

Net profits at France's biggest bank, BNP Paribas, more than doubled in the third quarter as the bank continued to reduce its exposure to eurozone sovereign debt. Net income rose to 1.3 billion euros (1.66 billion dollars) from 541 million euros in the sa
Published 08 Nov, 2012 12:00am
Top companies across Europe plan wide job cuts

Top companies across Europe plan wide job cuts

Companies as diverse as telecoms equipment group Ericsson, bank ING, steel group Kloeckner and engineering firm Bombardier announced sweeping job cuts on Wednesday as economic worries spread across some of Europe's strongest economies. Even previously saf
Published 08 Nov, 2012 12:00am
Eurozone to flatline in 2013, pick up in 2014: EU executive

Eurozone to flatline in 2013, pick up in 2014: EU executive

The Eurozone economy will barely grow next year but pick up in 2014, the European Commission said on Wednesday, forecasting slower growth than governments in all the bloc's biggest economies expect. The European Union's executive arm said the economy of t
Published 08 Nov, 2012 12:00am
Merkel warns Britain against European Union exit

Merkel warns Britain against European Union exit

Germany's Angela Merkel on Wednesday warned Britain not to turn its back on Europe ahead of talks in London with Prime Minister David Cameron aimed at overcoming divisions that threaten to block a European Union budget deal later this month. Cameron has s
Published 08 Nov, 2012 12:00am
Strong quake off Guatemala kills 8

Strong quake off Guatemala kills 8

A strong earthquake off the coast of Guatemala on Wednesday shook buildings in Guatemala City, killed eight people and caused evacuations as far away as Mexico City. A local fire chief said the dead were buried under rubble in three different Guatemalan t
Published 08 Nov, 2012 12:00am
Wintry storm smacks an already battered US Northeast

Wintry storm smacks an already battered US Northeast

A wintry storm dropped snow on the US Northeast on Wednesday and threatened to bring dangerous winds and flooding to a region still climbing out from the devastation of Superstorm Sandy. The nor'easter storm added misery to thousands of people whose homes
Published 08 Nov, 2012 12:00am
Syrian rebels fire at, miss Assad's palace

Syrian rebels fire at, miss Assad's palace

Syrian rebels fired mortars at President Bashar al-Assad's palace in Damascus on Wednesday but missed, in an attack underlining the growing boldness of forces fighting to end his family's 42 years in power. As violence flared in other parts of the country
Published 08 Nov, 2012 12:00am
Czech Prime Minister wins confidence vote on tax bill

Czech Prime Minister wins confidence vote on tax bill

The Czech government survived a major crisis Wednesday as parliament passed a tax hike which Prime Minister Petr Necas made tantamount to a confidence motion, thus thwarting a rise to power by the leftist opposition. The legislation, which slaps higher ta
Published 08 Nov, 2012 12:00am
Iraq inks oil exploration deal with Lukoil and Inpex

Iraq inks oil exploration deal with Lukoil and Inpex

Iraq on Wednesday signed a deal with Russia's Lukoil and Japan's Inpex to explore an area believed to contain oil, the latest step in Baghdad's efforts to boost its role as a key global energy supplier. Under the contract, the two firms must invest at lea
Published 08 Nov, 2012 12:00am
Ghana mall collapse kills at least three; dozens feared trapped

Ghana mall collapse kills at least three; dozens feared trapped

A six-storey shopping mall collapsed in the Ghanaian capital Accra on Wednesday, with at least three people so far confirmed dead and dozens of victims feared trapped, sparking desperate rescues. Police said around 50 employees were reported to be in the
Published 08 Nov, 2012 12:00am
Security Council divided over Somalia arms embargo

Security Council divided over Somalia arms embargo

The UN Security Council on Wednesday renewed the mandate of an African peacekeeping force in Somalia for just four months amid a dispute over an arms embargo against the strife-torn country. A 17,000-strong African Union force is propping up the new Somal
Published 08 Nov, 2012 12:00am
Iraq expels Turkish firm from oil exploration deal

Iraq expels Turkish firm from oil exploration deal

Iraq expelled Turkish national energy firm TPAO on Wednesday from a consortium which won an exploration contract in south Iraq, in the latest sign of worsening ties between Baghdad and Ankara. The two neighbours have been at odds over the Syrian conflict
Published 08 Nov, 2012 12:00am
Georgia detains Saakashvili defence chiefs over 'abuses'

Georgia detains Saakashvili defence chiefs over 'abuses'

Georgia has arrested its ex-defence minister and top general in the first major case of alleged power abuses under President Mikheil Saakashvili's recently ousted government, officials said Wednesday. Former defence minister Bacho Akhalaia and current arm
Published 08 Nov, 2012 12:00am
Several EADS sites in Germany searched

Several EADS sites in Germany searched

Authorities have searched several German-based sites of European aerospace giant EADS as part of an investigation into alleged corruption, a public prosecutor said on Wednesday. "I can confirm that we have searched several sites in Germany as part of a co
Published 08 Nov, 2012 12:00am
Bangladesh boat carrying migrants sinks, many missing

Bangladesh boat carrying migrants sinks, many missing

A boat carrying about 110 Bangladeshis and Rohingya Muslims from neighbouring Myanmar sank in the Bay of Bengal on Wednesday as they were heading to Malaysia and about half of them were missing, a Bangladeshi border force officer said. The boat went down
Published 08 Nov, 2012 12:00am
California rejects GM labels, upholds death penalty

California rejects GM labels, upholds death penalty

California voters on Tuesday struck down proposals to ban the death penalty and to require food companies to label genetically-modified products, officials said, based on a majority of votes. The votes marked rare victories for conservatives on a night th
Published 08 Nov, 2012 12:00am
Shanghai copper up

Shanghai copper up

The most active February copper contract on the Shanghai Futures Exchange rose 1 percent to end the session at 56,600 yuan ($9,100) a tonne on Wednesday. "Overall, when incumbents win elections, it usually means continuation of the status quo. So an Obama
Published 08 Nov, 2012 12:00am
Copper falls to two-month low

Copper falls to two-month low

Copper dropped to a two-month low on Wednesday as investors switched focus from the outcome of the US election to a weak European economy, a Greek austerity vote and the US "fiscal cliff" of tax hikes and spending cuts. Copper initially jumped on news tha
Published 08 Nov, 2012 12:00am
Oil drops nearly four percent

Oil drops nearly four percent

Brent crude fell nearly 4 percent on Wednesday as problems facing the economies of the United States and Europe darkened investor sentiment a day after the re-election of US President Barack Obama. Lopping off Tuesday's US election day gains, crude fell f
Published 08 Nov, 2012 12:00am
New York cotton slips after hitting technical resistance

New York cotton slips after hitting technical resistance

US cotton futures closed lower on Tuesday, erasing earlier gains, as fibre prices hit technical selling after piercing a nine-day moving average. The most-active December cotton contract on ICE Futures US settled at 70.10 cents per lb, down 0.30 cent or 0
Published 08 Nov, 2012 12:00am
Tokyo rubber futures soar

Tokyo rubber futures soar

Tokyo rubber futures rose over 2 percent on Wednesday, with investor appetite for risk boosted as President Barack Obama was re-elected in the United States, paving the way for continued monetary stimulus in the world's largest economy. The benchmark rubb
Published 08 Nov, 2012 12:00am
Wheat gains 1.3 percent

Wheat gains 1.3 percent

US wheat futures rose 1.3 percent on Tuesday, their second straight day of gains, due to concerns about the poor condition of the just-planted winter crop in the United States and weather trouble in major exporters Australia and Argentina. Soyabean future
Published 08 Nov, 2012 12:00am
Palm oil recovers

Palm oil recovers

Malaysian palm oil futures gained on Wednesday, snapping three days of losses, with investors buying after prices dropped to a one-month low earlier in the session and on concerns year-end floods in the country could hurt production. "I heard there are wo
Published 08 Nov, 2012 12:00am
Sugar sinks 3.3 percent

Sugar sinks 3.3 percent

Raw sugar futures on ICE tumbled more than 3 percent on Wednesday, with speculative selling pushing the market to a seven-week low, while robusta coffee futures on Liffe turned higher after dropping to a nine-month low for the second straight day Due to h
Published 08 Nov, 2012 12:00am
Gold jumps two percent in New York

Gold jumps two percent in New York

Gold jumped about 2 percent on Tuesday as traders bet that a possible Barack Obama victory in the US election would mean further Federal Reserve stimulus, and prices also got a technical bounce from a support level. Spot gold gained 1.9 percent to $1,716.
Published 08 Nov, 2012 12:00am
Gold rises in Asia

Gold rises in Asia

Gold extended gains on Wednesday to hit its highest level in two weeks after President Barack Obama was re-elected in the United States, paving the way for continued monetary stimulus in the world's largest economy. Gold reversed early losses to hit aroun
Published 08 Nov, 2012 12:00am
Gold turns lower

Gold turns lower

Gold's rally to two week highs after US President Barack Obama's re-election fizzled out on Wednesday, with the dollar seen as a safe-haven as investor focus shifted quickly to US fiscal woes. Rallying with world shares, gold jumped to around $1,731 an ou
Published 08 Nov, 2012 12:00am
US MIDDAY: wheat rallies

US MIDDAY: wheat rallies

US wheat futures rallied for the third day in a row on Wednesday, jumping 1.9 percent to their highest level in more than five weeks on concerns about production shortfalls in top exporters like Argentina and Australia, traders said. Corn also was higher,
Published 08 Nov, 2012 12:00am
US MIDDAY: gold down

US MIDDAY: gold down

Gold turned lower on Wednesday, tracking equities and crude sell-offs, as investors renewed their focus on a looming US fiscal crisis after initial optimism following the re-election of President Barack Obama. Earlier in the day, bullion rose nearly 1 per
Published 08 Nov, 2012 12:00am
Site members briefed about self security plan

Site members briefed about self security plan

Chairman Site Association of Industry (SAI) Dr Arshad A Vohra has spelled out the "Self Security Plan" prepared by SAI in collaboration with the CPLC after examining it from all angles for the Site industrial area. Briefing members about the plan, he said
Published 08 Nov, 2012 12:00am
LUMHS vice chancellor meets postgraduate students

LUMHS vice chancellor meets postgraduate students

Vice Chancellor, Liaquat University of Medical and Health Sciences (LUMHS0 Jamshoro Professor Mashoor Alam Shah held a meting with all the postgraduate students admitted in various courses offered by the University in different specialties while addressin
Published 08 Nov, 2012 12:00am
Tussle between CEO KESC and Senate body widens

Tussle between CEO KESC and Senate body widens

The row between Senate's Standing Committee on Water and Power and Chief Executive Officer (CEO) of Karachi Electric Supply Company (KESC) may further widen as the latter has suggested to the former to hold a meeting on issues related to the KESC in Karac
Published 08 Nov, 2012 12:00am
Altaf condemns Peshawar blast

Altaf condemns Peshawar blast

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain strongly condemned the blast near Khan Razik Police Station in the Qissa Khawani Bazaar area of Peshawar on Wednesday. He expressed his grief and sorrow on the deaths of the ASP Investigations Hilal Haide
Published 08 Nov, 2012 12:00am
Bid to smuggle arms into Karachi foiled

Bid to smuggle arms into Karachi foiled

Police on Wednesday foiled a bid to smuggle arms to Karachi and seized a heavy cache of arms from a bus near Superhighway, Sohrab Goth area. Speaking at the news conference at his office, DIGP East Shahid Hayat said that a police party headed by him and S
Published 08 Nov, 2012 12:00am
G4S shares in Wackenhut Pakistan bought out in Pakistan

G4S shares in Wackenhut Pakistan bought out in Pakistan

The shares of G4S, a FTSE 100-listed company, in Wackenhut Pakistan Private Limited (WPPL) have been bought completely by its Pakistani partner. Wackenhut Chairman Ikram Sehgal already owned 50 percent stake in the company.
Published 08 Nov, 2012 12:00am
Pakistan needs trade, not aid: President KCCI

Pakistan needs trade, not aid: President KCCI

President, Karachi Chamber of Commerce & Industry (KCCI), Muhammad Haroon Agar voiced that Pakistan doesn't need aid but trade and access to US markets. Exchanging views with the delegation of USAID in Pakistan headed by Alan L. Davis, Director Economic G
Published 08 Nov, 2012 12:00am
Speakers outline propositions for economic growth

Speakers outline propositions for economic growth

Speakers at the moot outlined their propositions on how to boost economic growth despite the country's rising population level and discussed the demographic and socio-economic challenges facing Pakistan. They believed that the negative impact of the growi
Published 08 Nov, 2012 12:00am
Government sabotaging Supreme Court verdict regarding CNG prices: APML

Government sabotaging Supreme Court verdict regarding CNG prices: APML

Aasia Ishaque, spokesperson of APML has said on Wednesday that government is sabotaging the important verdicts of Supreme Court of Pakistan, as Apex court has reduced the prices of CNG but CNG became "missing item" for people. She said this while talking
Published 08 Nov, 2012 12:00am
Partly Facetious: The shoe doesn't fit

Partly Facetious: The shoe doesn't fit

"The US election results show to me that one must identify the party's core group and then seek to ensure that they vote for you."
Published 08 Nov, 2012 12:00am
Asghar Khan's petition

Asghar Khan's petition

PML-N leader Nawaz Sharif has made a bold and much welcome announcement that he would cooperate with Federal Investigation Agency's probe into the Mehran Bank scandal, in which he, along with several other politicians, is alleged to have accepted funds fr
Published 08 Nov, 2012 12:00am
First challenge in second term: Obama faces fiscal cliff

First challenge in second term: Obama faces fiscal cliff

US President Barack Obama defied conventional wisdom by winning being re-election despite a frustratingly slow-growing economy and persistent high unemployment. During months on the campaign trail against Republican Mitt Romney, Obama insisted he should s
Published 08 Nov, 2012 12:00am
Impact of BIT umbrella clauses on state liability

Impact of BIT umbrella clauses on state liability

The rise of bilateral investment treaty (BIT) regime world-wide represents a major shift in investor-state relations in developing and emerging economies. As an outcome, this choice presented challenges both to Investors and BIT partner states. Competing
Published 08 Nov, 2012 12:00am
VIEWPOINT: Army versus civilians

VIEWPOINT: Army versus civilians

In his comments made at a senior officers meeting on Monday and released to the media, CoAS General Ashfaq Pervez Kayani let it be known in no uncertain terms that the Army is very, very angry at the civilians for sullying its self-image.
Published 08 Nov, 2012 12:00am
Obama's triumph

Obama's triumph

President Barack Obama has secured four more years in the White House. His re-election as the 45th President of the United States was expected as an incumbent, but beyond that generality every thing was in the balance.
Published 08 Nov, 2012 12:00am
Subsidy on tube wells

Subsidy on tube wells

This seems to be an open season for political manoeuvring, without any regard to fiscal imperatives of the country. At a time when very stringent steps are needed to minimise the burden on the budget, the government is busy in dishing out favours and putt
Published 08 Nov, 2012 12:00am
EGD projects: National Assembly panel detects Rs 1 billion embezzlement

EGD projects: National Assembly panel detects Rs 1 billion embezzlement

While expressing serious reservations on incomplete projects of Electronic Government Directorate (EGD), the National Assembly standing committee on Information Technology pointed out embezzlement of Rs 1 billion. The committee met with Barjees Tahir in t
Published 08 Nov, 2012 12:00am
Judges' transfers and postings

Judges' transfers and postings

Chief Justice High Court of Sindh on Wednesday has ordered Azam Anwar Baloch, District & Sessions Judge Karachi (Central) (BPS-21) to join his new assignment as Judge Anti-Terrorism Court, Larkana with immediate effect. He further ordered Khalid Teepu Ran
Published 08 Nov, 2012 12:00am
Bounty on 11 hardened criminals withdrawn

Bounty on 11 hardened criminals withdrawn

Sindh Government through a notification POL-11-HD/12-17-2012 has withdrawn head money (bounty) of 11 out of 34 harden criminals here Wednesday. It is pertinent to mention here that the provincial government had announced head money on the arrest of these
Published 08 Nov, 2012 12:00am
A Q Khan calls for grand political alliance to save country

A Q Khan calls for grand political alliance to save country

Eminent nuclear scientist Dr Abdul Qadeer Khan has stressed upon the patriotic political parties to unite at one platform and set up a grand alliance to save the country from complete destruction before it was too late. He was addressing a joint press con
Published 08 Nov, 2012 12:00am
Security scenario undergoing major transformation: General Wynne

Security scenario undergoing major transformation: General Wynne

The security scenario at the regional and global level is undergoing a major transformation, which has strategic implications for Pakistan. As the regional security situation becomes more complex and uncertain, Pakistan's defence industry would be compell
Published 08 Nov, 2012 12:00am
Prime Minister applauds GIDS contributions

Prime Minister applauds GIDS contributions

Soon after inaugurating IDEAS-2012, Prime Minister Raja Pervez Ashraf visited pavilions established by Global Industrial and Defence Solutions (GIDS). He appreciated the overall contribution of GIDS in enhancing the defence capabilities of Pakistan and ot
Published 08 Nov, 2012 12:00am
IDEAS-2012: Raja visits POF stall

IDEAS-2012: Raja visits POF stall

Prime Minister Raja Pervez Ashraf visited POF stall after the inauguration of IDEAS-2012, says a press release issued here on Wednesday. POF Chairman Lieutenant General Muhammad Ahsan Mehmood, HI (M) briefed the Prime Minister, who witnessed POF products
Published 08 Nov, 2012 12:00am
PACRA assigns star rankings for AHIL equity schemes

PACRA assigns star rankings for AHIL equity schemes

PACRA has assigned star rankings to the schemes of Arif Habib Investments Limited (AHIL) based on the performance review for the period ended June 30, 2012. Pakistan Credit Rating Agency Limited (PACRA) has awarded the highest 5-Star (long-term) and 4-Sta
Published 08 Nov, 2012 12:00am
PACRA assigns star rankings for AHIL equity schemes

PACRA assigns star rankings for AHIL equity schemes

PACRA has assigned star rankings to the schemes of Arif Habib Investments Limited (AHIL) based on the performance review for the period ended June 30, 2012. Pakistan Credit Rating Agency Limited (PACRA) has awarded the highest 5-Star (long-term) and 4-Sta
Published 08 Nov, 2012 12:00am
Blast in Kurram Agency kills three

Blast in Kurram Agency kills three

At least three people were killed and some 14 others injured when a blast hit Kurram Agency on Wednesday. According to the media reports, the blast took place at about noon time at a market area in Sadda, a small town in Kurram Agency, which borders Afgha
Published 08 Nov, 2012 12:00am
Quetta doctors continue strike against kidnapping

Quetta doctors continue strike against kidnapping

Patients coming from remote areas for treatment in the government hospitals have been facing massive difficulties due to continuous strike by doctors across Balochistan including Quetta against kidnapping of senior eye specialist doctor Muhammad Saeed Kha
Published 08 Nov, 2012 12:00am
'Germany on the Road' exhibition held

'Germany on the Road' exhibition held

The German Embassy, in co-operation with the Pakistan German Business Forum (PGBF), held a unique exhibition titled "Germany on the Road" here, which was inaugurated by Ambassador Dr Cyrill Nunn. "Germany on the Road" was a reflection of the multitude of
Published 08 Nov, 2012 12:00am
Wasan determined to mining sector's development in Sindh

Wasan determined to mining sector's development in Sindh

Sindh Minister for Mines and Minerals, Manzoor Hussain Wasan, said around 150,000 acres of land has been leased to 1,200 people for development of mining sector because besides huge coal reserves, solid evidences have also been found of gold, copper and i
Published 08 Nov, 2012 12:00am
Government plans to provide pure, safe drinking water

Government plans to provide pure, safe drinking water

The Sindh government has planned to provide purified and safe drinking water facilities at each village having population upto 1,000 people in the province under the project of "Drinking Water Hub" Phase-II, while the work for installation and to energise
Published 08 Nov, 2012 12:00am
Ten-year plan devised to minimise disaster risks: NDMA

Ten-year plan devised to minimise disaster risks: NDMA

Chairman National Disaster Management Authority (NDMA), Dr Zafar Iqbal Qadar said on Wednesday said that authority has devised a long-term plan for ten years to minimise disaster risks. He further informed that National Policy of Disaster Risk Reduction w
Published 08 Nov, 2012 12:00am
Two Nato oil tankers cross Torkham border

Two Nato oil tankers cross Torkham border

Two oil tankers entered Afghanistan via the Torkham border crossing on Wednesday after a year-long suspension of Nato oil supplies. Strict security arrangements were made in this regard. Nato supplies were suspended after US aircraft bombed the Salala che
Published 08 Nov, 2012 12:00am
Nadra begins registration process for orphans

Nadra begins registration process for orphans

National Database and Registration Authority (Nadra) has played a key role in the resolution of various social issues affecting the socio-economic development of Pakistan. The parentage of socially destitute children is a long-standing initiative of Nadra
Published 08 Nov, 2012 12:00am
'Cotton growers being exploited by ginners, spinners'

'Cotton growers being exploited by ginners, spinners'

Reacting to the news report in the newspaper captioned "Farmers rally against low price of their produce", M Jawed Bilwani, Central Chairman, Pakistan Hosiery Manufacturers & Exporters Association (PHMA) asserted that the value added textile sector had al
Published 08 Nov, 2012 12:00am
Masters' Programmes: provisional list for admissions displayed

Masters' Programmes: provisional list for admissions displayed

Directorate Admissions, University of Sindh announced that 1st provisional list for admissions to Masters' programmes-2013 under different categories, has been displayed on Notice Board at Administration Building (AC-II) Allama II Kazi Campus, University
Published 08 Nov, 2012 12:00am
Brazil, Cuba missions stage Jazz concert

Brazil, Cuba missions stage Jazz concert

The Embassy of Brazil and the Embassy of Cuba jointly organised a concert of the 'Cuban Group A3 Jazz' to amuse a select gathering of diplomats, heads of international organisations, dignitaries and members of the business community. The musical event was
Published 08 Nov, 2012 12:00am
PML-N women wing launches process to select coordinators

PML-N women wing launches process to select coordinators

Central General Secretary, Pakistan Muslim League-Nawaz Women Wing and MPA, Shazia Aurangzeb on Wednesday said that a process of nominating party co-ordinators and organisers at the UC and Tehsil level had been launched in different parts of the Khyber Pa
Published 08 Nov, 2012 12:00am
Quick refund payment system: FBR forms body to remove ERS loopholes

Quick refund payment system: FBR forms body to remove ERS loopholes

The Federal Board of Revenue (FBR) has constituted a committee for Business Process Re-Engineering (BPR) of Expeditious Refund System (ERS) to remove loopholes in the speedy refund payment system. In this regard, the FBR has issued an office order here on
Published 08 Nov, 2012 12:00am
Pakistan a land of diverse culture: Ambassador

Pakistan a land of diverse culture: Ambassador

Pakistan Embassy in Berlin organised a "Talk-cum-Book Reading by Professor Juergen Wasim Frembgen, author of recently published book "Nocturnal Music in the Land of Sufis: Unheard Pakistan", says a press release received here on Wednesday. Professor Fremb
Published 08 Nov, 2012 12:00am
NIT opens new branch

NIT opens new branch

NIT, in pursuance of its policy of expansion in its operational network, has established another new branch in Karachi's prime location of DHA phase-VI (Khayaban-e-Rahat). The new branch is inaugurated by Wazir Ali Khoja Chairman/MD NIT, the other day. NI
Published 08 Nov, 2012 12:00am
NIT opens new branch

NIT opens new branch

NIT, in pursuance of its policy of expansion in its operational network, has established another new branch in Karachi's prime location of DHA phase-VI (Khayaban-e-Rahat). The new branch is inaugurated by Wazir Ali Khoja Chairman/MD NIT, the other day. NI
Published 08 Nov, 2012 12:00am
Servis Tyres wins award

Servis Tyres wins award

In recognition and acknowledgement of exceptional performance and exemplary service, Atlas Honda Limited recently awarded Servis Tyres with the "Best Vendor Performance Award" for 2012. The best vendor performance award acknowledges outstanding quality, v
Published 08 Nov, 2012 12:00am
Implementation of new fare schedule directed

Implementation of new fare schedule directed

Secretary Provincial Transport Authority Punjab, Chaudhry Muhammad Asad has taken notice of the non-implementation of the new fare schedule in the province and said that special teams have been constituted in Lahore and other districts for its implementat
Published 08 Nov, 2012 12:00am
PMEX posts profits for first time

PMEX posts profits for first time

The Pakistan Mercantile Exchange (PMEX) has posted profits for the first time after its establishment on the back of substantial increase in volumes at the leading commodity exchange in the country. "The PMEX has booked profit in the quarter ended Septemb
Published 08 Nov, 2012 12:00am
PMEX posts profits for first time

PMEX posts profits for first time

The Pakistan Mercantile Exchange (PMEX) has posted profits for the first time after its establishment on the back of substantial increase in volumes at the leading commodity exchange in the country. "The PMEX has booked profit in the quarter ended Septemb
Published 08 Nov, 2012 12:00am
PPP, MQM activists among eight killed in various incidents

PPP, MQM activists among eight killed in various incidents

Eight more people, including workers of PPP and MQM were killed in different violence incidents of city on Wednesday, police and rescue sources said. In first incident, unknown assailants attacked a car having registration number ALD-068 and killed a man
Published 08 Nov, 2012 12:00am
PPP workers urge leadership to take notice of MNA's apathetic attitude

PPP workers urge leadership to take notice of MNA's apathetic attitude

PPP workers from PK-13 district Nowshera have criticised the party MNA from NA-5 for damaging party, which was created a fake committee comprising on blue-eyed people to gain their vested interest. Speaking at a press conference at Peshawar Press Club her
Published 08 Nov, 2012 12:00am
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