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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-11-20
Hong Kong shares rise; China slips

Hong Kong shares rise; China slips

Hong Kong shares rose on Monday, led by Chinese energy majors as higher oil prices and Kunlun Energy's surprise inclusion as the 50th Hang Seng Index component helped buoy interest in riskier counters. The Chinese consumer sector was a key underperformer,
Published 20 Nov, 2012 12:00am
European stocks make biggest rebound in 10 weeks

European stocks make biggest rebound in 10 weeks

European equities rebounded from multi-month lows on Monday to post their biggest daily gain in 10 weeks thanks to signs of progress in US talks to avoid a budget crisis. Leading Democratic and Republican lawmakers voiced confidence over the weekend that
Published 20 Nov, 2012 12:00am
Southeast Asian stocks mixed

Southeast Asian stocks mixed

Major Southeast Asian stock markets closed flat-to-weaker on thin volumes on Monday as concerns over a Greece debt default weighed on sentiment ahead of a key meeting, despite some optimism the US could overcome an imminent fiscal crunch. European officia
Published 20 Nov, 2012 12:00am
Taiwan stocks flat

Taiwan stocks flat

Taiwan stocks erased early gains and ended flat on Monday, as rises in plastics counters were offset by losses in biotech shares and HTC. The main TAIEX index slipped 1.03 points to 7,129.04, after opening flat. Electronics shares fell 0.4 percent, with H
Published 20 Nov, 2012 12:00am
Australian shares rally

Australian shares rally

Australian shares rallied 0.6 percent on Monday, led by mining and oil stocks, recovering ground after last week's losses on hopes the US can resolve a federal budget wrangle over expiring tax cuts and imminent spending curbs. The big mover of the day was
Published 20 Nov, 2012 12:00am
FTSE matches biggest gain of the year on hope for US deal

FTSE matches biggest gain of the year on hope for US deal

UK shares matched their biggest one day rise of the year on Monday, recovering some of last week's steep falls, as optimism that US lawmakers will forge a fiscal compromise encouraged traders to buy at the lower prices. The FTSE 100 index was up 132.07 po
Published 20 Nov, 2012 12:00am
Yen hits seven-month low

Yen hits seven-month low

The yen hit a seven-month low against the dollar on Monday, hurt by expectations that a new Japanese government will push the Bank of Japan into taking aggressive monetary stimulus measures to boost economic growth. The dollar rose to as high as 81.59 yen
Published 20 Nov, 2012 12:00am
Early trade in New York: Euro hits near two-week high

Early trade in New York: Euro hits near two-week high

The euro on Monday leaped to its highest level against the dollar in nearly two weeks, buoyed by appetite for risk on optimism that Greece will receive more funding and signs of progress on resolving a looming US fiscal crisis. The common currency shared
Published 20 Nov, 2012 12:00am
Euro gains on prospects of deal on Greece funding

Euro gains on prospects of deal on Greece funding

The euro rose against the dollar on Monday as optimism grew that deals may be in prospect on more funding for Greece and on tackling the US "fiscal cliff". However, analysts said concerns about differences of opinion between euro zone officials and the In
Published 20 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 Monday. 81.20-81.50 (previous 81.60-81.74). Call Money Rates: 07.75-08.00 percent (previous 07.50-09.00 percent).
Published 20 Nov, 2012 12:00am
Won leads Asia FX gains

Won leads Asia FX gains

The South Korean won led gains among emerging Asian currencies on Monday as hopes for progress in the US budget problems spurred investors to resume adding bullish bets in regional units after slides in the last week. Offshore funds and domestic exporters
Published 20 Nov, 2012 12:00am
Swiss franc rises

Swiss franc rises

The Swiss franc tracked the euro higher against the dollar on Monday as traders trimmed dollar positions on rising hopes US Congressional leaders can stave off the automatic budget cuts that would be triggered by the so-called fiscal cliff. The franc was
Published 20 Nov, 2012 12:00am
Australian dollar jumps

Australian dollar jumps

The Australian dollar advanced on the US dollar and scaled a seven-month peak against the yen on Monday, as expectations of more stimulus by Japanese authorities kept the low-yielding currency under broad pressure. The Aussie rose to $1.0374, from $1.0346
Published 20 Nov, 2012 12:00am
Sterling rises versus dollar

Sterling rises versus dollar

Sterling rose against the dollar on Monday after officials said the eurozone was likely to give a tentative go-ahead to releasing 44 billion euros in aid to debt-stricken Greece. The pound tracked a rise in the euro against the dollar after euro zone offi
Published 20 Nov, 2012 12:00am
Yuan rises

Yuan rises

The yuan firmed slightly by mid-afternoon on Monday, as Chinese corporates reverted to selling dollars regardless of the central bank trying to guide the Chinese currency into a lower trading range. Spot yuan stood at 6.2345 per dollar by early afternoon,
Published 20 Nov, 2012 12:00am
Indian rupee gains

Indian rupee gains

The Indian rupee rebounded on Monday from over two-month lows in the previous session on the back of dollar sales by custodian banks and a broad risk-on mood globally, but dollar demand from oil firms capped the gains. "After the 2G auction it seems diffi
Published 20 Nov, 2012 12:00am
Australia chiefs hail TV deal as clubs eye Beckham

Australia chiefs hail TV deal as clubs eye Beckham

Australian football chiefs on Monday hailed a bumper US $166 million television deal as they refused to give up on bringing former England captain David Beckham Down Under. The four-year arrangement with Fox Sports, pay TV provider Foxtel and free-to-air
Published 20 Nov, 2012 12:00am
Proteas plan short balls to stop Clarke

Proteas plan short balls to stop Clarke

South African paceman Morne Morkel said Monday he expected a short ball barrage aimed at Michael Clarke in this week's second Test at Adelaide in a bid to stop the Australian captain's run spree. The tall Morkel said better use of the rising ball, and den
Published 20 Nov, 2012 12:00am
Herath spins Sri Lanka to crushing victory

Herath spins Sri Lanka to crushing victory

Rangana Herath exposed New Zealand's weakness against spin with a six-wicket haul as Sri Lanka raced to an emphatic 10-wicket win on the third day of the opening Test in Galle on Monday. The left-arm spinner finished with 6-43 off 18 probing overs as New
Published 20 Nov, 2012 12:00am
Djokovic finishes No 1 for second year

Djokovic finishes No 1 for second year

Serb Novak Djokovic finishes as world number one for the second straight year, as he sits top of the final 2012 rankings released by the ATP on Monday. Djokovic has 12,920 points with Swiss Roger Federer second on 10,265, Andy Murray in third place and Ra
Published 20 Nov, 2012 12:00am
Usman Qadir grabs 7-91 in Australian Grade cricket

Usman Qadir grabs 7-91 in Australian Grade cricket

Pakistan's cricket prodigy Usman Qadir took his second seven wickets haul in Australia Grade cricket but his team Adelaide went to Northern Districts on first innings lead in Adelaide, according to message received here on Monday. The wily leg-spinner Usm
Published 20 Nov, 2012 12:00am
Announcement of Women's World Cup schedule delayed

Announcement of Women's World Cup schedule delayed

The International Cricket Council (ICC) has postponed the announcement of the tournament schedule for the ICC Women's World Cup India 2013 that was scheduled to take place on today (Tuesday) at the Wankhede Stadium in Mumbai. A new date for the launch wil
Published 20 Nov, 2012 12:00am
Afridi ends Big Bash contract

Afridi ends Big Bash contract

All-rounder Shahid Afridi has ended his contract with Australian Big Bash side Sydney Thunder despite being cleared to play in the Twenty20 league by Pakistan. Afridi insisted he would rather play in Pakistan's domestic league as he struggles to recapture
Published 20 Nov, 2012 12:00am
Pakistan clears players for Australian league

Pakistan clears players for Australian league

Pakistan on Monday allowed three players to compete in Australia's Big Bash Twenty20 competition following a request from Australian cricket authorities. Shahid Afridi, Saeed Ajmal and Umar Akmal had all signed up to play in the league from next month, bu
Published 20 Nov, 2012 12:00am
Czechs beat Spain to secure Davis Cup win

Czechs beat Spain to secure Davis Cup win

The Czech Republic won the Davis Cup after a team led by Tomas Berdych and Radek Stepanek beat holders Spain 3-2 in the 100th final here on Sunday. In Sunday's games, Berdych lost to David Ferrer before Stepanek stunned Nicolas Almagro in the decisive rub
Published 20 Nov, 2012 12:00am
Russia shocked by new hooliganism outrage

Russia shocked by new hooliganism outrage

Russia's football authorities Monday vowed to fully investigate the latest outbreak of fan violence to hit the World Cup 2018 hosts after a top-flight goalkeeper was injured by a supporter's firecracker. The incident forced a Premier League game between D
Published 20 Nov, 2012 12:00am
Obama offers praise, pressure on historic Myanmar trip

Obama offers praise, pressure on historic Myanmar trip

Barack Obama became the first American president to visit Myanmar on Monday, using a six-hour trip to balance US praise for the government's progress in shaking off military rule with pressure to complete the process of democratic reform. Obama, greeted b
Published 20 Nov, 2012 12:00am
Egyptians march on anniversary of deadly protest

Egyptians march on anniversary of deadly protest

Hundreds marched on Cairo's Tahrir Square on Monday to mark one year since deadly clashes that left 45 people dead, piling pressure on President Mohamed Morsi to bring his predecessor's police to account. Around 50 political parties and movements took par
Published 20 Nov, 2012 12:00am
UBS former managing director charged in French tax probe

UBS former managing director charged in French tax probe

French authorities have charged a former managing director of the French arm of Swiss bank UBS in connection with a probe into alleged tax evasion, a judicial source told AFP on Monday. Patrick de Fayet is the third person charged in the affair. He was ma
Published 20 Nov, 2012 12:00am
UBS former managing director charged in French tax probe

UBS former managing director charged in French tax probe

French authorities have charged a former managing director of the French arm of Swiss bank UBS in connection with a probe into alleged tax evasion, a judicial source told AFP on Monday. Patrick de Fayet is the third person charged in the affair. He was ma
Published 20 Nov, 2012 12:00am
President intervenes as Nepal's cash crisis deepens

President intervenes as Nepal's cash crisis deepens

Nepal's president on Monday gave warring political factions three days to avert a budget crisis that could leave 500,000 public workers unpaid, and also to agree a date for elections. Nepal has not had a parliament or fully functioning government since Ju
Published 20 Nov, 2012 12:00am
18 die in stampede in India

18 die in stampede in India

At least 18 people were killed and more than a dozen injured following the collapse of a bridge which triggered a stampede on Monday during a Hindu festival in the eastern Indian city of Patna, officials said. "Bodies of the 18 people killed in the stampe
Published 20 Nov, 2012 12:00am
Press freedom prize goes to four journalists

Press freedom prize goes to four journalists

Journalists from Brazil, China, Kyrgyzstan and Liberia were to be honoured Tuesday at the 2012 International Press Freedom Awards in New York for taking huge risks to expose human rights violations in their countries. The New York-based Committee to Prote
Published 20 Nov, 2012 12:00am
Opposition to make Cairo its Headquarters

Opposition to make Cairo its Headquarters

Syria's new opposition coalition has decided to make Egypt its headquarters, the president of the body was quoted as saying by Egypt's official news agency on Monday. Mouaz Alkhatib, head of the Syrian National Coalition for Opposition and Revolutionary F
Published 20 Nov, 2012 12:00am
Assad's forces step up bombardment in Damascus suburbs

Assad's forces step up bombardment in Damascus suburbs

Syrian government forces fired rockets into southern Damascus on Monday in what opposition activists called an indiscriminate bombardment to stop rebels opposed to President Bashar al-Assad advancing from the working class suburbs to the city centre.
Published 20 Nov, 2012 12:00am
Australia joins US, EU to tackle illegal logging

Australia joins US, EU to tackle illegal logging

Australia's parliament on Monday passed laws to ban the import and trade of illegally logged timber, joining the United States and European Union in clamping down on a global trade in stolen timber that Interpol says is worth about $30 billion a year. The
Published 20 Nov, 2012 12:00am
Karzai accuses US of breaching prison pact

Karzai accuses US of breaching prison pact

President Hamid Karzai has accused the United States of breaching an agreement to transfer more than 3,000 detainees at a controversial prison north of Kabul to Afghan control. Kabul had hailed the transfer of Bagram prison, sometimes called the Guantanam
Published 20 Nov, 2012 12:00am
Rwanda accuses Congo of shelling border town

Rwanda accuses Congo of shelling border town

Rwanda accused UN-backed Congolese forces of shelling its territory during a battle with rebels near the border on Monday but said it had no plans to respond militarily to what it called Kinshasa's "provocation". Tension between the central African neighb
Published 20 Nov, 2012 12:00am
Colombia's FARC declares cease-fire

Colombia's FARC declares cease-fire

Colombia's FARC rebels said on Monday they would call a two-month unilateral cease-fire, the first truce in more than a decade, as peace negotiators met in Cuba in the latest attempt to end the five-decade war. President Juan Manuel Santos' government, ho
Published 20 Nov, 2012 12:00am
Asian nations feud over South China Sea

Asian nations feud over South China Sea

Asian leaders feuded on Monday over how to handle tense maritime territorial disputes with China, overshadowing talks at a regional summit meant to strengthen trade and political ties. The leaders of the 10-member Association of Southeast Asian Nations ha
Published 20 Nov, 2012 12:00am
Fairtrade asks US, EU to address unfair cotton trade policies

Fairtrade asks US, EU to address unfair cotton trade policies

World leaders must act to end the "glaring inequality" in cotton trade by rethinking subsidies paid to farmers that undermine the livelihoods of cotton farmers in some of the world's poorest areas, the new global head of Fairtrade International said.
Published 20 Nov, 2012 12:00am
Shanghai copper soars

Shanghai copper soars

The most-traded February copper contract on the Shanghai Futures Exchange climbed 0.56 percent to close at 56,050 yuan ($9,000) a tonne on Monday with traders expecting fresh shoots of economic revival to be revealed in China this week, while hopes that U
Published 20 Nov, 2012 12:00am
Copper rallies

Copper rallies

Copper rose on Monday to its highest price in more than two weeks as upbeat US housing data and signs lawmakers there would avert a looming fiscal crisis encouraged expectations of economic growth and higher metals demand. Also helping metals climb was a
Published 20 Nov, 2012 12:00am
Oil rises nearly three percent on Middle East tensions, US optimism

Oil rises nearly three percent on Middle East tensions, US optimism

Oil rose nearly 3 percent on Monday to its highest price since mid-October, fuelled by supply concerns as violence in the Middle East escalated and as investors grew more hopeful that a US budget crisis will be averted. Traders focused on the growing Isra
Published 20 Nov, 2012 12:00am
Tokyo rubber hits two-week high

Tokyo rubber hits two-week high

Tokyo rubber futures rose 2 percent to a two-week high on Monday on the back of firm oil prices and a weaker Japanese yen, which spurred speculative buying, but gains were still limited, dealers said. The benchmark rubber contract on the Tokyo Commodity E
Published 20 Nov, 2012 12:00am
Palm oil rises to two-week high

Palm oil rises to two-week high

Malaysian palm oil futures rose to their highest in two weeks on Monday, tracking gains in soyabeans and rival soybean oil, although caution ahead of export data kept gains in check. China, the world's top soy buyer, will temporarily halt regular state sa
Published 20 Nov, 2012 12:00am
ICE sugar rallies most in seven weeks

ICE sugar rallies most in seven weeks

Raw sugar futures on ICE jumped over 4 percent on Monday and were on track for their biggest one-day gain in almost two months as technical buying and speculative short-covering offset fears about a growing global surplus. Arabica coffee and cocoa futures
Published 20 Nov, 2012 12:00am
Gold gains in Asia

Gold gains in Asia

Gold gained on Monday after dropping by 1 percent last week as the dollar came off the previous session's highs, while rising tension in the Middle East and continued US discussions to resolve fiscal difficulties lent support. "The dollar is losing moment
Published 20 Nov, 2012 12:00am
Gold soars in Europe

Gold soars in Europe

Gold rose one percent on Monday, recovering last week's losses, on increased risk appetite as the dollar softened, while violence in the Middle East and talks to resolve an imminent fiscal crunch in the United States lent support. Spot gold rose 1.02 perc
Published 20 Nov, 2012 12:00am
US MIDDAY: grain futures up

US MIDDAY: grain futures up

Slumping US grain futures rose on Monday on a technical bounce from a market viewed as oversold and as signs of progress in talks to resolve a budget crunch in the United States also lifted other commodity and equities markets.
Published 20 Nov, 2012 12:00am
US MIDDAY: Gold up 1 percent

US MIDDAY: Gold up 1 percent

Gold rose about 1 percent on Monday as a combination of optimism for talks to solve the US fiscal crisis and hopes that Greece will receive more funding fuelled buying in bullion as well as in equities and other commodities. The metal has recovered all of
Published 20 Nov, 2012 12:00am
Killing of journalist: more suspects arrested

Killing of journalist: more suspects arrested

The law enforcement agencies have continued search operation to trace and arrest the killers of journalist Rehmatullah Abid who was gunned down in Panjgur last night and so far, five suspected persons have been taken into custody. Police sources told APP
Published 20 Nov, 2012 12:00am
Pakistan American Cultural Center holds annual ceremony

Pakistan American Cultural Center holds annual ceremony

Recently an annual dinner and reward recognition ceremony was held at Pakistan American Cultural Center (PACC). It was truly an auspicious occasion. The dinner was arranged to commemorate the achievements during the past one year, and also to look forward
Published 20 Nov, 2012 12:00am
Power supply: Pesco introduces new procedure

Power supply: Pesco introduces new procedure

Peshawar Electricity Supply Company (Pesco) has taken some crucial measures to facilitate consumers in getting new electricity connections quickly. For the provision of the facilitation to consumers at their door steps, the company is holding Open Katcher
Published 20 Nov, 2012 12:00am
Sindh government reminds GENCO Holding Company of TCEB decisions

Sindh government reminds GENCO Holding Company of TCEB decisions

Sindh government has sent a reminder to the CEO Genco Holding Company regarding an agreement with Sindh Engro Coal Mining Company (SECMC) as per the decision taken by Prime Minister Raja Pervez Ashraf during the meeting of Thar Coal Energy Board (TCEB), i
Published 20 Nov, 2012 12:00am
Arrest of exporter: government takes up issue with Iran

Arrest of exporter: government takes up issue with Iran

While Iranian government is yet to release Pakistani exporter who has been arrested over the charge of hoarding in Mashhad recently, Pakistan has finally taken up the issue with Iran govt. Through a letter sent to Chairman Trade Development Authority Pare
Published 20 Nov, 2012 12:00am
PAC forms panel to recommend how to re-launch drug

PAC forms panel to recommend how to re-launch drug

The sub-committee of the Public Accounts Committee (PAC) on Monday formed a steering committee to recommend ways as to how to re-launch the low-cost, locally manufactured Interferon drug, used to treat hepatitis C and to give fortnightly progress report i
Published 20 Nov, 2012 12:00am
Afghan attack kills child in Bajaur

Afghan attack kills child in Bajaur

A child was killed while another child and a woman sustained injuries when a mortar shell fired from the Afghanistan side landed at a house in Bajaur Agency here on Monday, security sources said. According to security officials, the shell fired from Gangj
Published 20 Nov, 2012 12:00am
Turkish team visits Islamabad Chamber

Turkish team visits Islamabad Chamber

A Turkish delegation led by its parliamentarian and Vice President of the Foreign Affairs Committee, Professor Dr Muhammad Cetin visited Islamabad Chamber of Commerce & Industry (ICCI) to discussed ways and means to explore and create joint venture opport
Published 20 Nov, 2012 12:00am
Edhi leads rally against Palestinians' genocide

Edhi leads rally against Palestinians' genocide

Social work icon Abdul Sattar Edhi here on Monday staged a protest rally against killings of innocent Palestinian citizens including women and children in Israeli army attacks on Gaza. Edhi led the rally of ambulance cars that marched from Boultan Market
Published 20 Nov, 2012 12:00am
Anti-Israel protests held

Anti-Israel protests held

Anti-Israel protesters on Monday showed their support to the underdog Palestinians of Gaza Strip which has again become a battlefield for the Zionist's military. The angry demonstrators blamed the US and UN for their clandestine support to Israel, saying
Published 20 Nov, 2012 12:00am
Standard Chartered's HR head visits LRBT

Standard Chartered's HR head visits LRBT

Standard Chartered's Group Head of Human Resources and Communications, Tracy Clarke, recently paid a visit to Layton Rahmatulla Benevolent Trust Eye Hospital (LRBT), one of the country's largest non-governmental organisations. Tracy was taken on a tour by
Published 20 Nov, 2012 12:00am
Iranian CG meets Commissioner Karachi

Iranian CG meets Commissioner Karachi

Consul General of Iran Abbas Ali Abdul Hai met Commissioner Karachi Syed Hashim Raza Zaidi at his office on Monday and discussed various matters. Commissioner Zaidi informed the envoy that law enforcing agencies have prepared joint security plan to ensure
Published 20 Nov, 2012 12:00am
Livestock department asked to promote cattle farming

Livestock department asked to promote cattle farming

Sindh Chief Minister Syed Qaim Ali Shah on Monday directed the livestock department's authorities to organise a cattle show in Hyderabad next month in order to promote cattle farming. This he said while presiding over a meeting of livestock department at
Published 20 Nov, 2012 12:00am
Poverty cannot be eliminated without education: Rana

Poverty cannot be eliminated without education: Rana

Article 25-A should be implemented at provincial level and free education should be provided to children from ages 5 to 16 years, a consultative meeting was organised on the implementation of Article 25-A by Actionaid Pakistan and Human Development Founda
Published 20 Nov, 2012 12:00am
Universal Children's Day to be observed today

Universal Children's Day to be observed today

Child and Social Development Organisation (CSDO) is organising seminars and walks to create awareness on Child Rights and Child Protection issues at 17 schools (CSDO School System) functioning in and close Sialkot as well as in Gujranwala and Narowal dist
Published 20 Nov, 2012 12:00am
Pegasus awarded full UFI membership

Pegasus awarded full UFI membership

Pegasus Consultancy (Pvt) Ltd, the largest B2B Event Organiser, in Pakistan has been awarded the full membership of UFI in the category of "Exhibition Organizer", stated a Press Release. During the UFI's 79th annual congress held in Abu Dhabi, National Ex
Published 20 Nov, 2012 12:00am
One killed in attack on coach in Quetta

One killed in attack on coach in Quetta

One person has been killed in firing on a Karachi-bound passenger coach on Sariab road, on the outskirts of the provincial capital. Police sources told on Monday that unknown armed men on bike opened fire at a passenger coach when it after leaving bus-ter
Published 20 Nov, 2012 12:00am
Grain storage facility project fails to attract bidders

Grain storage facility project fails to attract bidders

'Modern grain bulk storage facility project' has failed to attract investors/bidders due to strict conditions, and not a single company has participated in the tenders. Sources told Business Recorder on Monday that with an aim to introduce latest t
Published 20 Nov, 2012 12:00am
Virtual University holds workshop

Virtual University holds workshop

Virtual University of Pakistan (VU) at its Lawrence office Lahore, hosted a very efficacious faculty training workshop, Continuous Professional Development workshop (CPD), in collaboration with Learning Innovation Division (LID) of Higher Education Commis
Published 20 Nov, 2012 12:00am
'Legislation for eradication of violence against women underway'

'Legislation for eradication of violence against women underway'

Advisor to Chief Minister Begum Zakia Shahnawaz has said that effective legislation is being made in consultation with concerned departments for eradication of psychological, physical and social violence against women (VaW). She was addressing a meeting h
Published 20 Nov, 2012 12:00am
Piaf protests against gas supply suspension

Piaf protests against gas supply suspension

Pakistan Industrial and Traders Associations Front (Piaf) has strongly protested against the suspension of gas supply to 350 industrial units of Lahore Township Industrial Area and called for its restoration for the sake of economy of the country.
Published 20 Nov, 2012 12:00am
Only 'anti-people mafia' opposing Metro Bus Project: Shahbaz

Only 'anti-people mafia' opposing Metro Bus Project: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said metro bus is a splendid project of public service and is being opposed only by a specific anti-people mafia. He said he is ready to sacrifice even his life in the service of the masses. He said that this mega
Published 20 Nov, 2012 12:00am
Four of a family die as roof caves in

Four of a family die as roof caves in

Four members of a family including a couple and two children were killed when roof of a dilapidated house caved in here in the wee hours of Monday. According to rescue sources, roof of the house owned by a labourer named Shahbaz located in Mustafaabad are
Published 20 Nov, 2012 12:00am
BoP loan scam case: LHC adjourns hearing till November 26

BoP loan scam case: LHC adjourns hearing till November 26

The Lahore High Court Chief Justice here on Monday adjourned hearing till November 26 of a petition filed by former president of Bank of Punjab Hamesh Khan, involved in Rs 9 billion loan scam, praying for transfer of his case. The petitioner accused the A
Published 20 Nov, 2012 12:00am
Lawyers protest Israel's atrocities

Lawyers protest Israel's atrocities

Lawyers of High Court Bar on Tuesday staged a demonstration and burnt the flags of United Nations, United States of America and Israel to express their anger against the Israeli air strikes on populated areas of Gaza and Safa and killing more than 50 inno
Published 20 Nov, 2012 12:00am
USAID-funded Resource Centre at FC College opened

USAID-funded Resource Centre at FC College opened

US Agency for International Development (USAID) Mission's Director for Punjab Jeffrey N Bakken inaugurated a USAID-funded Resource Centre at Forman Christian College (FCC) Centre for Public Policy and Governance. The 22.8 million rupee Resource Centre wil
Published 20 Nov, 2012 12:00am
Sectarian violence

Sectarian violence

It is about time those in authority realised the gravity of the situation, and did something to address the threat violent extremists pose to this society. There has been a lot of talk on the subject but not much headway. Sectarian seminaries, funded both
Published 20 Nov, 2012 12:00am
Israeli offensive hangs between truce, escalation

Israeli offensive hangs between truce, escalation

Israel's offensive against Hamas in the Gaza Strip entered a critical stage Monday, heading for either a truce which would stop the fighting, or a major escalation with ground troops sent into the salient. Analysts said the coming 24 hours will be crucial
Published 20 Nov, 2012 12:00am
Tax amnesty

Tax amnesty

Last week the Federal Finance Minister said that the tax-amnesty scheme prepared by him has been approved by the Prime Minister and the Federal Cabinet. The proposed law, that will legalise the amnesty, will be called Tax Registration Enforcement Initiati
Published 20 Nov, 2012 12:00am
Release of Afghan Taliban

Release of Afghan Taliban

How the release of about a dozen Afghan Taliban leaders from Pakistan's intelligence agencies' custody as goodwill gesture shown to the visiting Afghan High Peace Council delegation will play out, as of now nothing can be said with certainty. But it does
Published 20 Nov, 2012 12:00am
Positive developments in external sector

Positive developments in external sector

It is gratifying that when most of the economic indicators of the country are deteriorating, the news on the external sector accounts are satisfactory. According to the latest data released by the State Bank, overseas Pakistani workers remitted a historic
Published 20 Nov, 2012 12:00am
PTCL launches win-back offer for EVO customers

PTCL launches win-back offer for EVO customers

Pakistan Telecommunication Company Limited (PTCL) has launched an attractive win-back offer for its EVO customers who can now recharge their EVO account and enjoy a full month's usage absolutely free. The exciting win-back offer allows all EVO customers,
Published 20 Nov, 2012 12:00am
PTA bans sale of SIMs in Khyber Pakhtunkhwa

PTA bans sale of SIMs in Khyber Pakhtunkhwa

Acting on the directives of the Federal Interior Ministry, the Pakistan Telecommunications Authority (PTA) on Monday banned the sale of all private cellphone company's Subscriber Identity Modules (SIMs) in Khyber Pakhtunkhwa. The ban would encompass the s
Published 20 Nov, 2012 12:00am
Sindh government reduces 100-kg wheat price by Rs 50

Sindh government reduces 100-kg wheat price by Rs 50

Sindh government on Monday decided to reduce 100-kg wheat price to Rs 2,800 from Rs 2,850. It was decided that a subsidy of Rs 600 million would be born by the provincial government. The decision was taken at a high-level meeting chaired by Sindh Chief Mi
Published 20 Nov, 2012 12:00am
BoK Raast Islamic Banking branch opened at Topi

BoK Raast Islamic Banking branch opened at Topi

"Bank of Khyber (BoK) was committed to cater the banking requirements of all segments of society. BOK is providing Islamic Banking & Financial requirements as well as conventional in a befitting manner to encourage the economic developmental activities in
Published 20 Nov, 2012 12:00am
'nasair' to expand service after successful operation: CEO

'nasair' to expand service after successful operation: CEO

The Saudi national carrier 'nasair' has successfully completed its one and half year in Pakistan and now planning to expand its operation, said nasair Chief Commercial Officer Marco Renzo Ostini. Talking to Business Recorder at Marhaba Aviation Ser
Published 20 Nov, 2012 12:00am
President, US CG inaugurate Peshawar-Torkham Highway reconstruction

President, US CG inaugurate Peshawar-Torkham Highway reconstruction

US Consul General Robert Reed joined President Asif Ali Zardari in a ceremony to launch the reconstruction of the Peshawar-Torkham Highway. The United States is providing up to $70 million to reconstruct the 46km road over the next two years. The Fata Sec
Published 20 Nov, 2012 12:00am
Experts stress adopting safe sanitation practices

Experts stress adopting safe sanitation practices

Environmentalists, health, water and sanitation experts have said that Pakistan's efforts for polio eradication and achieving sustainable development goals are bound to fail, if access to safe sanitation in the country is not improved. They, however, urge
Published 20 Nov, 2012 12:00am
Mortar damages office of welfare organisation

Mortar damages office of welfare organisation

One person was injured when a mortar shell fired from unknown location hit building of a welfare organisation here late Sunday night. According to police, miscreants fired a rocket aimed at targeting American Club located in University Town area of Peshaw
Published 20 Nov, 2012 12:00am
Samsung Galaxy Note II global sales cross three million mark

Samsung Galaxy Note II global sales cross three million mark

Samsung Electronics Co Ltd - the global leader in digital technology and telecommunications, recently launched the "Samsung Galaxy Note II" in Pakistan - a fascinating new Smartphone from the innovation leader. Within one month of its world-wide launch, t
Published 20 Nov, 2012 12:00am
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