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Print - 2012-12-10
Afghans attack Iran consulate over alleged killings

Afghans attack Iran consulate over alleged killings

Hundreds of angry demonstrators tried to storm the Iranian consulate in the western Afghan city of Herat on Sunday in protest at the alleged killing of Afghan immigrants by Iranian security forces. The 200-strong crowd threw rocks and broke consulate wind
Published 10 Dec, 2012 12:00am
President arrives in Paris

President arrives in Paris

President Asif Ali Zardari arrived here on Sunday to attend important conference on 'Stand up for Malala-Stand up for girl's right to education' jointly being organised by Pakistan and UNESCO at its Paris headquarters. The President came to Paris from Lon
Published 10 Dec, 2012 12:00am
Egypt's opposition rejects referendum

Egypt's opposition rejects referendum

Egypt's main opposition coalition rejected on Sunday Islamist President Mohamed Morsi's plan for a constitutional referendum this week, saying it risked dragging the country into "violent confrontation".
Published 10 Dec, 2012 12:00am
Egypt's opposition rejects referendum

Egypt's opposition rejects referendum

Egypt's main opposition coalition rejected on Sunday Islamist President Mohamed Morsi's plan for a constitutional referendum this week, saying it risked dragging the country into "violent confrontation".
Published 10 Dec, 2012 12:00am
IMF and Pakistan likely to hold talks on new SBA

IMF and Pakistan likely to hold talks on new SBA

A team of experts from the International Monetary Fund is expected to come to Islamabad later this month to hold talks on a new economic stabilisation programme, it is reliably learnt. A Pakistani side led by Finance Minister Dr Hafeez Shaikh, which has r
Published 10 Dec, 2012 12:00am
IMF and Pakistan likely to hold talks on new SBA

IMF and Pakistan likely to hold talks on new SBA

A team of experts from the International Monetary Fund is expected to come to Islamabad later this month to hold talks on a new economic stabilisation programme, it is reliably learnt. A Pakistani side led by Finance Minister Dr Hafeez Shaikh, which has r
Published 10 Dec, 2012 12:00am
IMF and Pakistan likely to hold talks on new SBA

IMF and Pakistan likely to hold talks on new SBA

A team of experts from the International Monetary Fund is expected to come to Islamabad later this month to hold talks on a new economic stabilisation programme, it is reliably learnt. A Pakistani side led by Finance Minister Dr Hafeez Shaikh, which has r
Published 10 Dec, 2012 12:00am
Futures'''' spreads down by 452 basis points

Futures'''' spreads down by 452 basis points

The futures spreads decreased by 452 basis points (bps) during the outgoing week ended December 7 to 6.22 percent. Trading activities on the futures counter also decreased during the week, as average daily volumes declined by 56 percent to 11.3 million sh
Published 10 Dec, 2012 12:00am
Futures'' spreads down by 452 basis points

Futures'' spreads down by 452 basis points

The futures spreads decreased by 452 basis points (bps) during the outgoing week ended December 7 to 6.22 percent. Trading activities on the futures counter also decreased during the week, as average daily volumes declined by 56 percent to 11.3 million sh
Published 10 Dec, 2012 12:00am
Futures' spreads down by 452 basis points

Futures' spreads down by 452 basis points

The futures spreads decreased by 452 basis points (bps) during the outgoing week ended December 7 to 6.22 percent. Trading activities on the futures counter also decreased during the week, as average daily volumes declined by 56 percent to 11.3 million sh
Published 10 Dec, 2012 12:00am
Futures' spreads down by 452 basis points

Futures' spreads down by 452 basis points

The futures spreads decreased by 452 basis points (bps) during the outgoing week ended December 7 to 6.22 percent. Trading activities on the futures counter also decreased during the week, as average daily volumes declined by 56 percent to 11.3 million sh
Published 10 Dec, 2012 12:00am
Rate cut expectations boost sentiments

Rate cut expectations boost sentiments

Sentiments at the Karachi Stock Exchange (KSE) remained positive during the last week ended on Friday and overall the benchmark KSE-100 index rose by 234 points to close at highest level of 16,808 points, up from 16,574 points a week ago.
Published 10 Dec, 2012 12:00am
Rate cut expectations boost sentiments

Rate cut expectations boost sentiments

Sentiments at the Karachi Stock Exchange (KSE) remained positive during the last week ended on Friday and overall the benchmark KSE-100 index rose by 234 points to close at highest level of 16,808 points, up from 16,574 points a week ago.
Published 10 Dec, 2012 12:00am
Rate cut expectations boost sentiments

Rate cut expectations boost sentiments

Sentiments at the Karachi Stock Exchange (KSE) remained positive during the last week ended on Friday and overall the benchmark KSE-100 index rose by 234 points to close at highest level of 16,808 points, up from 16,574 points a week ago.
Published 10 Dec, 2012 12:00am
THE RUPEE: modest fall against dollar

THE RUPEE: modest fall against dollar

The rupee fell modestly against the dollar in the interbank market, but resisted a slide in its value in the open market during the week ended on December 8. In the interbank market, the national currency lost 20 paisa against the dollar, valued at 96.72
Published 10 Dec, 2012 12:00am
THE RUPEE: modest fall against dollar

THE RUPEE: modest fall against dollar

The rupee fell modestly against the dollar in the interbank market, but resisted a slide in its value in the open market during the week ended on December 8. In the interbank market, the national currency lost 20 paisa against the dollar, valued at 96.72
Published 10 Dec, 2012 12:00am
Zardari to attend Ankara Summit on December 11

Zardari to attend Ankara Summit on December 11

President Asif Ali Zardari will pay a three-day official visit to Turkey from 11-13 December, 2012 to attend the 7th Afghanistan-Pakistan-Turkey Trilateral Summit along with Afghan President Hamid Karzai and Turkish President Abdullah Gul.
Published 10 Dec, 2012 12:00am
Zardari to attend Ankara Summit on December 11

Zardari to attend Ankara Summit on December 11

President Asif Ali Zardari will pay a three-day official visit to Turkey from 11-13 December, 2012 to attend the 7th Afghanistan-Pakistan-Turkey Trilateral Summit along with Afghan President Hamid Karzai and Turkish President Abdullah Gul.
Published 10 Dec, 2012 12:00am
The Weather

The Weather

The weather report on Sunday (December 09, 2012) and the forecast for Monday (December 10, 2012).

Published 10 Dec, 2012 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (December 3 to 7, 2012).

Published 10 Dec, 2012 12:00am
Airbus chief executive upbeat on EADS revamp and profit growth

Airbus chief executive upbeat on EADS revamp and profit growth

The chief executive of Airbus moved to head off any concerns about a dip in profits or political interference at the European planemaker as France and Germany edged towards a shake-up of parent group EADS on December 03.
Published 10 Dec, 2012 12:00am
Airbus chief executive upbeat on EADS revamp and profit growth

Airbus chief executive upbeat on EADS revamp and profit growth

The chief executive of Airbus moved to head off any concerns about a dip in profits or political interference at the European planemaker as France and Germany edged towards a shake-up of parent group EADS on December 03.
Published 10 Dec, 2012 12:00am
FPCCI for boosting intra-regional trade

FPCCI for boosting intra-regional trade

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Sunday said intra-regional trade will get a boost when government reduce trade barriers later this month. It will bring a major change in the region which will have a positive impact
Published 10 Dec, 2012 12:00am
Fazl vows to defend religious institutions

Fazl vows to defend religious institutions

Jamiat Ulema-e-Islam (JUI-F), Chief Maulana Fazlur Rehman has vowed to defend the religious institutions which are being made a soft target and warned of an open war if anyone tried to impose foreign ideology in the name of sympathy with Malala Yousufzai.
Published 10 Dec, 2012 12:00am
Cotton prices likely to remain steady

Cotton prices likely to remain steady

Cotton: Sustained purchasing by mills ensured that the prices remained firm this week on the cotton market, whereas the Spot Rate ended up higher by Rs 100 over last week, at Rs 5,900 at the close of business on Friday.
Published 10 Dec, 2012 12:00am
Possible new challenger for Berlusconi as Monti quits

Possible new challenger for Berlusconi as Monti quits

Threatened with constant sniping from a resurgent Silvio Berlusconi, Italian Prime Minister Mario Monti has called it quits: he will resign by Christmas, in a move that fuelled speculation he might take on his rival in a looming election campaign.
Published 10 Dec, 2012 12:00am
Shared goals with SCO - I

Shared goals with SCO - I

Building up a graceful image of Pakistan has been the hallmark of PPP-led government's foreign policy as its leaders have been quite successful in presenting the country's case to the world at large, with firm faith in our destiny that now seems to be in
Published 10 Dec, 2012 12:00am
Canada's foreign limits may hit oil sands growth

Canada's foreign limits may hit oil sands growth

New Canadian rules limiting control of its oil sands by foreign state-owned companies may turn away some investors who now covet more than minority stakes just as the industry seeks massive amounts of capital to fuel its growth ambitions.
Published 10 Dec, 2012 12:00am
Elections and the economy

Elections and the economy

Cabinet meetings are now ending on a bitter note with directions to Minister of Finance Dr Hafeez Sheikh to improve macroeconomic indicators that are most likely to impact on the outcome of the forthcoming general election particularly inflation and unemp
Published 10 Dec, 2012 12:00am
Case closed!

Case closed!

The Supreme Court has ordered the dissolution of Suddle Commission, ordering that its report be made public. A two-member bench observed that the court had taken notice of the issue when the judiciary was dragged into it, and that since the judiciary's in
Published 10 Dec, 2012 12:00am
Pakistan's 'fiscal cliff': We all saw coming

Pakistan's 'fiscal cliff': We all saw coming

Most of politicians at the helm of affairs hail from agrarian background with a mindset of patronage and kinship. They have firm views on what is good for the people and only pay lip service to contrarian opinion. There may be some rare exceptions, ie, a
Published 10 Dec, 2012 12:00am
'Rigging in by-polls': Elahi calls for ECP action

'Rigging in by-polls': Elahi calls for ECP action

The Punjab government rigged the recent by-polls on a massive scale and the Election Commission should take action in this regard, said Deputy Prime Minister Chaudhry Pervaiz Elahi on Sunday. Addressing a public gathering, the PML-Q leader said that if th
Published 10 Dec, 2012 12:00am
Four killed in Karachi as Rangers launch crackdown

Four killed in Karachi as Rangers launch crackdown

At least four persons, a woman among them, were killed in different incidents of violence in the city on Sunday, police and rescue sources said. A man was gunned down by unknown armed men near the Power House Chowrangi in North Karachi No3 in the jurisdic
Published 10 Dec, 2012 12:00am
Correction

Correction

Apropos a news item 'IoBM Convocation held' carried by Business Recorder yesterday, the Chairman and CEO State Life Insurance Corporation of Pakistan Shahid Aziz Siddiqui inadvertently appeared as 'Shahid Aziz Qureshi'. The error is regretted.
Published 10 Dec, 2012 12:00am
President condoles Badeni's death

President condoles Badeni's death

President Asif Ali Zardari has expressed his profound grief and sorrow over the sad demise of Senator Mir Wali Muhammad Badeni. In his condolence message, the President lauded Badini's services for Balochistan as well as for the country and expressed his
Published 10 Dec, 2012 12:00am
JUP wants voters' verification by army

JUP wants voters' verification by army

Jamiat Ulema-e-Pakistan (JUP) has announced taking active part in next general elections and fielding its candidates in all the constituencies of country. It has also convened a meeting in January for revival of Muttahida Majlis-e-Amal (MMA), an alliance
Published 10 Dec, 2012 12:00am
Firing on van kills four, injures 3 in Dera Ismail Khan

Firing on van kills four, injures 3 in Dera Ismail Khan

Unidentified gunmen opened firing on a van on Bannu-DI Khan road here on Sunday, killing four persons and injuring three others, police said. The incident occurred at Sheikh Yousuf Chowk, where a vehicle carrying traders of vegetable market was ambushed b
Published 10 Dec, 2012 12:00am
Gepco announces 2 to 6 hours' daily loadshedding

Gepco announces 2 to 6 hours' daily loadshedding

Gujranwala Electric Power Company (GEPCO) has announced 2 to 6 hours daily loadshedding in the region- known as gold triangle of the country due to its export potential- comprising Gujranawala,, Sialkot, Gujrat, Narowal, Mandi Bahauddin and Hafizabad dist
Published 10 Dec, 2012 12:00am
STPP calls for biometric verification of voters

STPP calls for biometric verification of voters

Chairman of Sindh Taraqi Pasand Party Dr Qadir Magsi on Sunday called for fresh delimitation of constituencies and door-to-door biometric verification of voters in Karachi. Talking with media persons at the local press club, he said that free, fair and tr
Published 10 Dec, 2012 12:00am
ANP not to table new anti-KBD resolution in PA: Asfandyar

ANP not to table new anti-KBD resolution in PA: Asfandyar

Awami National Party (ANP) President Asfandyar Wali Khan on Sunday said that his party would not table any new resolution against the Kalabagh Dam and would rather defend the old ones already adopted by the Khyber-Pakhtunkhwa Assembly.
Published 10 Dec, 2012 12:00am
South Punjab province to be formed as per people's wishes: Kaira

South Punjab province to be formed as per people's wishes: Kaira

Federal Minister for Information and Broadcasting Qamar Zaman Kaira has said that the South Punjab province would be formed in accordance with the aspirations of people of the area. The process in this regard is underway, said the Information Minister whi
Published 10 Dec, 2012 12:00am
Google+ adds members, photo-sharing app

Google+ adds members, photo-sharing app

Google said on December 6 its online social network had grown to 135 million active users, as it added a photo-sharing app to compete against services like Facebook's Instagram. "Today Google+ is the fastest-growing network thingy ever," said Google senio
Published 10 Dec, 2012 12:00am
App clash: Instagram shuts off Twitter feature

App clash: Instagram shuts off Twitter feature

The smartphone app Instagram turned off a feature on December 5 that allowed easier photo viewing for Twitter users, in a move that pushes the two popular tech platforms farther apart. "Users are experiencing issues with viewing Instagram photos on Twitte
Published 10 Dec, 2012 12:00am
Android extends global smartphone lead

Android extends global smartphone lead

Google's Android operating system will power more than two-thirds of smartphones sold world-wide in 2012, and will remain the dominant platform for at least the next four years, a survey showed on December 4. The survey by the research firm IDC showed And
Published 10 Dec, 2012 12:00am
Murdoch iPad daily failure a lesson for digital news

Murdoch iPad daily failure a lesson for digital news

The failure of Rupert Murdoch's pioneering iPad newspaper The Daily underscores the problems of the news industry as it seeks a paid model for the digital age, analysts said. Murdoch announced on December 3 that The Daily, launched as a paid subscription
Published 10 Dec, 2012 12:00am
New Galaxy phone may have unbreakable screen

New Galaxy phone may have unbreakable screen

Samsung Electronics, the world's leading Technology Company by revenue, is likely accelerating the launch of its next-generation flagship Galaxy smartphone - which may come with a breakthrough unbreakable screen. Codenamed "Project J" after mobile divisio
Published 10 Dec, 2012 12:00am
'New net rules may hit digital economy'

'New net rules may hit digital economy'

Inter-governmental regulation of the Internet could deter investment, raise costs for consumers and hinder online access, a US diplomat said on December 5. The United States has been leading efforts to stop a United Nations body from extending its authori
Published 10 Dec, 2012 12:00am
Adobe fans mobile gadget game flames

Adobe fans mobile gadget game flames

Adobe late Monday released a free tool kit to make it easier for developers to create Flash-based games to ride the growing wave of playing on smartphones, tablets, and in Internet browsers. Game Developers Tools made available were the first tied to the
Published 10 Dec, 2012 12:00am
Venezuela to make telecoms components with Samsung

Venezuela to make telecoms components with Samsung

Venezuela will set up a joint venture with South Korea's Samsung Electronics to produce telecommunications parts in the South American country, state media quoted industry minister Ricardo Menendez as saying on December 4.
Published 10 Dec, 2012 12:00am
New iPhone heads to South Korea, 50 more countries

New iPhone heads to South Korea, 50 more countries

Apple announced that the latest version of the iPhone will be released in South Korea on December 3 and in more than 50 other countries including Russia, Brazil, and Taiwan later in the month.
Published 10 Dec, 2012 12:00am
Diabetes may be linked to hearing loss

Diabetes may be linked to hearing loss

Diabetes has already been tied to an increased risk of kidney and cardiovascular troubles, nerve damage and vision loss, and now a Japanese study finds diabetics to be more than twice as likely as those without the disease to have hearing impairment.
Published 10 Dec, 2012 12:00am
Moon's battered crust reveals tumultuous past

Moon's battered crust reveals tumultuous past

New images of the Moon's battered crust point to a violent past in which it was battered by comets and asteroids during its first billion years, US scientists say. The new findings come from the GRAIL mission, a pair of spacecraft named Ebb and Flow that
Published 10 Dec, 2012 12:00am
Darfur yellow fever outbreak worst in decades: WHO

Darfur yellow fever outbreak worst in decades: WHO

An outbreak of mosquito-borne yellow fever which has killed at least 165 people in Sudan's Darfur region is Africa's worst in decades, the World Health Organisation said on December 06. "Definitely, this outbreak now could be classed as the largest outbre
Published 10 Dec, 2012 12:00am
Forget diets, cutting down on fat will keep you slim

Forget diets, cutting down on fat will keep you slim

Forget fad diets pushing cabbage soup, weight-loss shakes or maple syrup. Swapping fatty foods for low-fat alternatives will keep you slim - and now there's World Health Organisation-backed research to prove it.
Published 10 Dec, 2012 12:00am
World's biggest, oldest trees are dying

World's biggest, oldest trees are dying

Scientists on December 07 warned of an alarming increase in the death rates of the largest living organisms on the planet, the giant, old trees that harbour and sustain countless birds and wildlife.
Published 10 Dec, 2012 12:00am
Food virusescan be spreadby kitchen knives

Food virusescan be spreadby kitchen knives

People preparing food are advised to wash their hands to prevent the spread of disease, yet an unseen threat may well lie on their kitchen knife, a new study says.
Published 10 Dec, 2012 12:00am
Breath test points to colorectal cancer

Breath test points to colorectal cancer

An experimental breath test can diagnose colorectal cancer with an accuracy of over 75 percent, Italian researchers reported on December 05. The electronic "nose" detects key molecules emitted by tumours, a technique that is also being used in pioneering
Published 10 Dec, 2012 12:00am
Asia air pollution deaths to rise: environment group

Asia air pollution deaths to rise: environment group

Air pollution in Asia, which already kills at least 800,000 people each year, will likely lead to even higher death rates as the region's air quality worsens, an environmental group warned on December 05.
Published 10 Dec, 2012 12:00am
US women beat China in first of three friendlies

US women beat China in first of three friendlies

Carli Lloyd and Sydney Leroux each scored second half goals to lift the United States women's footballers to a 2-0 victory over China on Saturday. With the win in the physical match, before a crowd of about 17,371, the Americans remained unbeaten on their
Published 10 Dec, 2012 12:00am
Green lifts lid on QPR nightmare

Green lifts lid on QPR nightmare

England goalkeeper Rob Green admits his dream move to QPR quickly became a nightmare when the Premier League club signed Brazilian Julio Cesar to replace him just weeks after his arrival at Loftus Road. Green agreed to join QPR in July despite helping Wes
Published 10 Dec, 2012 12:00am
Monterrey threat lurks for Chelsea in Japan

Monterrey threat lurks for Chelsea in Japan

Argentine forward Cesar Delgado scored twice for Mexico's Monterrey in a 3-1 win over South Koreans Ulsan Hyundai on Sunday to set up a Club World Cup semi-final against European champions Chelsea. African champions Al-Ahly beat Japan's Sanfrecce Hiroshim
Published 10 Dec, 2012 12:00am
Rahim hails Bangladesh series win over West Indies

Rahim hails Bangladesh series win over West Indies

Bangladesh captain Mushfiqur Rahim on Sunday hailed his team's hard-fought series win over the West Indies as the country's "biggest" ever given the absence of talismanic all-rounder Shakil Al Hasan. Bangladesh held their nerves to clinch the deciding fif
Published 10 Dec, 2012 12:00am
White Arm lifts Polo trophy

White Arm lifts Polo trophy

White Arm clinched the trophy after defeating Red team by 5-2 in the Governor's Exhibition Polo Cup match played here at Polo ground on Sunday. Governor Barrister Masood Kausar was the chief guest on this occasion who witnessed the thrilling match.
Published 10 Dec, 2012 12:00am
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