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Jan 09, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-02-03
Indian bond yields rise

Indian bond yields rise

Indian government bond yields rose to a near one-month high on Friday as the cash deficit in the banking system seemed likely to prolong with the government clamping down on spending in a month which will see sustained debt sales. The government, which al
Published 03 Feb, 2013 12:00am
Indian bond yields rise

Indian bond yields rise

Indian government bond yields rose to a near one-month high on Friday as the cash deficit in the banking system seemed likely to prolong with the government clamping down on spending in a month which will see sustained debt sales. The government, which al
Published 03 Feb, 2013 12:00am
ADR report: foreign shares rise on US data, earnings

ADR report: foreign shares rise on US data, earnings

US-listed shares of foreign companies rose on Friday after economic data showed the economy continues to recover at a tempered pace and several better-than-expected earnings reports. Data showed US employers added 157,000 jobs to their payrolls in Decembe
Published 03 Feb, 2013 12:00am
ADR report: foreign shares rise on US data, earnings

ADR report: foreign shares rise on US data, earnings

US-listed shares of foreign companies rose on Friday after economic data showed the economy continues to recover at a tempered pace and several better-than-expected earnings reports. Data showed US employers added 157,000 jobs to their payrolls in Decembe
Published 03 Feb, 2013 12:00am
India raises $585 million from Oil India share sale

India raises $585 million from Oil India share sale

India raised $585 million through a share sale in state explorer Oil India Ltd on Friday, an encouraging sign for the government's efforts to divest stakes in other state firms to bridge its fiscal deficit. The government had offered 60.11 million shares,
Published 03 Feb, 2013 12:00am
India raises $585 million from Oil India share sale

India raises $585 million from Oil India share sale

India raised $585 million through a share sale in state explorer Oil India Ltd on Friday, an encouraging sign for the government's efforts to divest stakes in other state firms to bridge its fiscal deficit. The government had offered 60.11 million shares,
Published 03 Feb, 2013 12:00am
Energy leads TSX higher

Energy leads TSX higher

Canada's main stock index closed stronger on Friday, led by energy and materials shares, which benefited from a rise in commodity prices after positive US economic data. US non-farm payroll jobs rose in January and gains in the prior two months were bigge
Published 03 Feb, 2013 12:00am
Bullish global funds pile into stocks, high-yield credit

Bullish global funds pile into stocks, high-yield credit

Global investors piled into stocks and high-yield credit in January and slashed their cash buffers to a two-year low, betting that central banks would keep markets awash with cash and that the worst of the euro crisis is over. In a month that saw global s
Published 03 Feb, 2013 12:00am
Bullish global funds pile into stocks, high-yield credit

Bullish global funds pile into stocks, high-yield credit

Global investors piled into stocks and high-yield credit in January and slashed their cash buffers to a two-year low, betting that central banks would keep markets awash with cash and that the worst of the euro crisis is over. In a month that saw global s
Published 03 Feb, 2013 12:00am
Treasuries slip as stock gains hurt bid for safe-haven debt

Treasuries slip as stock gains hurt bid for safe-haven debt

US Treasuries ended lower on Friday as a stock market rally on job growth and improved manufacturing hurt demand for safe-haven US government debt. US stocks reached five-year highs after US employment data - including upward revisions to job growth in No
Published 03 Feb, 2013 12:00am
Treasuries slip as stock gains hurt bid for safe-haven debt

Treasuries slip as stock gains hurt bid for safe-haven debt

US Treasuries ended lower on Friday as a stock market rally on job growth and improved manufacturing hurt demand for safe-haven US government debt. US stocks reached five-year highs after US employment data - including upward revisions to job growth in No
Published 03 Feb, 2013 12:00am
Sri Lankan stocks at two-week low

Sri Lankan stocks at two-week low

Sri Lankan shares extended losses for a third day on Friday to hit a two-week low as retail investors took profits in large-caps. The main share index fell 0.3 percent, or 17.20 points, to end at 5,799.69, its lowest since January 15. Foreign investors we
Published 03 Feb, 2013 12:00am
Saudi shares slightly up

Saudi shares slightly up

Saudi stocks close slightly up on Saturday after gains on international equity markets and a rise in the oil price. The all-share index closes up 0.20 percent at 7,058 points, with petrochemical stocks up 0.30 percent and banking stocks up 0.16 percent. H
Published 03 Feb, 2013 12:00am
Latam stocks rise on US jobs, factory data

Latam stocks rise on US jobs, factory data

Mexican and Brazilian stocks rose by the most in a month after solid US jobs data and manufacturing surveys in the United States and China boded well for Latin American exports. Mexico's benchmark IPC stock index added 1.08 percent to 45,768.49 points, ba
Published 03 Feb, 2013 12:00am
JGBs slip

JGBs slip

Japanese government bonds eased on Friday, ahead of key US jobs data which could give a clearer picture of the outlook for the world's largest economy, and as risk assets outperformed, boosted by investors betting on a further drop in the yen. Tokyo's Nik
Published 03 Feb, 2013 12:00am
JGBs slip

JGBs slip

Japanese government bonds eased on Friday, ahead of key US jobs data which could give a clearer picture of the outlook for the world's largest economy, and as risk assets outperformed, boosted by investors betting on a further drop in the yen. Tokyo's Nik
Published 03 Feb, 2013 12:00am
US panel backs exchange to list smaller companies

US panel backs exchange to list smaller companies

A panel of small business experts on Friday urged US securities regulators to encourage the creation of a new exchange to list smaller companies to make it easier for them to enter the public market. The recommendation by the Advisory Committee on Small a
Published 03 Feb, 2013 12:00am
Wall Street surges to five-year highs; Dow ends above 14,000

Wall Street surges to five-year highs; Dow ends above 14,000

US stocks rose to five-year highs on Friday, with the Dow closing above 14,000 for the first time since October 2007, after jobs and manufacturing data showed the economy's recovery remains on track. The S&P touched its highest since December 2007 after a
Published 03 Feb, 2013 12:00am
African currencies outlook: Kenya's, Tanzania's shillings under pressure

African currencies outlook: Kenya's, Tanzania's shillings under pressure

Kenya and Tanzania's shillings are expected to be on the back foot next week amid importer demand for dollars, while Uganda's currency should remain stable ahead of the central bank's interest rate decision on Monday. Kenya's shilling is likely to remain
Published 03 Feb, 2013 12:00am
Latvia passes laws crucial for euro switch

Latvia passes laws crucial for euro switch

Baltic state Latvia, which wants to adopt the euro in 2014, passed a fiscal discipline law on Thursday and another setting out guidelines for the proposed currency switch, key steps to satisfy the European Union it is on track to join the euro zone. Prime
Published 03 Feb, 2013 12:00am
Mexican peso gains

Mexican peso gains

The Mexican peso rose on Friday after data revealing a pick-up in US manufacturing fuelled optimism about Latin America's No 2 economy, while other Latin American currencies were mostly flat. Mexico's economy is deeply interwined with its northern neighbo
Published 03 Feb, 2013 12:00am
Central European currencies up

Central European currencies up

Central European currencies rose on Friday on benign US payroll data and the forint extended its three-day firming streak due to fresh signs of respite for Hungary's recession-hit economy. US job growth rose modestly in January and gains in the prior two
Published 03 Feb, 2013 12:00am
Euro broadly stronger, dollar up on yen

Euro broadly stronger, dollar up on yen

The euro hit a 14-month high against the US dollar and 33-month peak against the yen on Friday, the beneficiary of stronger-than-forecast euro zone manufacturing data and expectations of easy monetary policy from Washington and Tokyo. Friday's US jobs dat
Published 03 Feb, 2013 12:00am
Euribor rates rise

Euribor rates rise

Euribor bank-to-bank lending rates rose on Friday ahead of the second round of banks' early crisis loan repayments to the European Central Bank. Markets moved quickly to factor in a steady rise in money market rates last week after the ECB said that banks
Published 03 Feb, 2013 12:00am
Speculators trim short dollar bets

Speculators trim short dollar bets

Currency speculators pared bets against the US dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net short position fell to $8.86 billion in the week ended January 29,
Published 03 Feb, 2013 12:00am
Canadian dollar ends week higher

Canadian dollar ends week higher

The Canadian dollar was little changed on Friday, but ended the week stronger versus its US counterpart after US jobs and manufacturing data pointed to steady recovery in Canada's main trading partner. The Canadian currency gained 0.9 percent for the week
Published 03 Feb, 2013 12:00am
Won, Singapore dollar see bearish bets first time in nearly eight months

Won, Singapore dollar see bearish bets first time in nearly eight months

Sentiment on the South Korean won and the Singapore dollar turned bearish with short positions built up for the first time since early June over the last two weeks, a Reuters poll showed on Thursday. The survey of 14 analysts also indicated currency marke
Published 03 Feb, 2013 12:00am
Pentagon expands probe of troubled components on fighter jet

Pentagon expands probe of troubled components on fighter jet

The Pentagon is inspecting other components of the F-35 fighter jet in addition to the faulty fuel lines blamed for the grounding of the Marine Corps version of the warplane, two sources familiar with the programme said on Friday. Vice Admiral David Dunaw
Published 03 Feb, 2013 12:00am
Russia commemorates pivotal Battle of Stalingrad

Russia commemorates pivotal Battle of Stalingrad

The city of Volgograd readopted its old name of Stalingrad for a few hours on Saturday, as Russia commemorated the 70th anniversary of the battle that turned the tide of World War Two. The victory in the six-month Battle of Stalingrad, which killed about
Published 03 Feb, 2013 12:00am
Biden raises possibility of direct US-Iran talks

Biden raises possibility of direct US-Iran talks

The United States is ready to hold direct talks with Iran if it is serious about negotiations, Vice President Joe Biden said on Saturday, backing bilateral contacts that many see as crucial to easing an international dispute over Tehran's nuclear programm
Published 03 Feb, 2013 12:00am
Nepal's Maoists to hand leadership to independent Prime Minister

Nepal's Maoists to hand leadership to independent Prime Minister

Nepal's Maoists vowed Saturday never to return to guerrilla warfare and offered to give up leadership to an independent prime minister to take the Himalayan nation towards democracy. Party leaders said at their general convention they would step down from
Published 03 Feb, 2013 12:00am
Five accused plead not guilty to Delhi gang rape, murder

Five accused plead not guilty to Delhi gang rape, murder

Five men pleaded not guilty on Saturday to charges they raped and murdered an Indian trainee physiotherapist, in a case that led to a shake-up of laws against sexual crimes after protests about a rising number of attacks on women. Police say the gang lure
Published 03 Feb, 2013 12:00am
Powerful 6.9 earthquake shakes northern Japan

Powerful 6.9 earthquake shakes northern Japan

A powerful 6.9-magnitude earthquake struck northern Japan on Saturday, causing strong tremors across Hokkaido island but generating no tsunami or immediate reports of damage, authorities said. The quake, which was preceded by an early warning broadcast on
Published 03 Feb, 2013 12:00am
Sri Lanka blocks impeachment probe

Sri Lanka blocks impeachment probe

Sri Lanka has blocked entry of a London-based group of lawyers who planned to probe the controversial impeachment of the island's chief justice, the International Bar Association said on Saturday. The group expressed "serious concern" over the withdrawal
Published 03 Feb, 2013 12:00am
Yemen army raid kills 10 suspected militants

Yemen army raid kills 10 suspected militants

Yemen's military killed 10 suspected militants in air and artillery strikes on Saturday, a pro-government militia source said, as authorities battle insurgents linked to al Qaeda who seized several southern towns last year. The assault took place near the
Published 03 Feb, 2013 12:00am
Hepatitis outbreak kills 88 in South Sudan

Hepatitis outbreak kills 88 in South Sudan

An outbreak of hepatitis E has killed 88 people in South Sudan after a surge in the virus hit refugee camps near the Sudanese border, an aid agency said on Saturday. More than 175,000 people have sought refuge in the new country of South Sudan after fleei
Published 03 Feb, 2013 12:00am
PSG follow Beckham swoop with 4-0 Toulouse rout

PSG follow Beckham swoop with 4-0 Toulouse rout

Paris St Germain followed up their headline-grabbing swoop for David Beckham by crushing 10-man Toulouse 4-0 to open up a three-point lead at the top of Ligue 1 on Friday. The leaders, who signed free-agent Beckham on Thursday, were without the former Eng
Published 03 Feb, 2013 12:00am
Serbia, France into Davis quarters, Spain face exit

Serbia, France into Davis quarters, Spain face exit

Serbia and France cruised into the Davis Cup quarter-finals on Saturday as five-time champions Spain faced a humiliating first round exit. Serbia, the 2010 winners, reached the last eight for the fourth successive season when Viktor Troicki and Nenad Zimo
Published 03 Feb, 2013 12:00am
Balotelli happy to escape English media, weather and food

Balotelli happy to escape English media, weather and food

Maverick striker Mario Balotelli said he was relieved to escape the English media, driving, weather and food when the new signing was officially presented by AC Milan on Friday. "To be a player for Milan has always been my dream so I'm very happy," he tol
Published 03 Feb, 2013 12:00am
Ghana beat Cape Verde in Africa Cup quarters

Ghana beat Cape Verde in Africa Cup quarters

Ghana beat Cape Verde 2-0 in their Africa Cup of Nations quarter-final in Port Elizabeth Saturday courtesy of 53rd-minute penalty by Mubarak Wakaso and a stoppage time goal from Mubarak Wakaso. The first half saw both sides tentative as neither team could
Published 03 Feb, 2013 12:00am
Whatmore praises 'incredible pace bowling'

Whatmore praises 'incredible pace bowling'

Pakistan coach Dav Whatmore believes an onslaught by the South African pace bowlers in the morning session on day two of the second test at the Wanderers on Saturday was the best he has ever seen. Dale Steyn took six for eight as Pakistan collapsed to the
Published 03 Feb, 2013 12:00am
Chelsea crash to late defeat at Newcastle

Chelsea crash to late defeat at Newcastle

Chelsea surrendered another three points in their quest for a top-four Premier League finish as Newcastle United's new signing Moussa Sissoko struck in the last minute to grab a 3-2 win that left Rafa Benitez's side reeling. It was another late horror sho
Published 03 Feb, 2013 12:00am
England are ready for Ashes, Gillespie warns Australia

England are ready for Ashes, Gillespie warns Australia

Former Test pace bowler Jason Gillespie has warned his compatriots that England will be ready for back-to-back Ashes series this year and for Australia to wrest back the famous urn will be a daunting task. Gillespie, who took 259 wickets in 71 Tests betwe
Published 03 Feb, 2013 12:00am
Pakistan crash to new low as South Africa take firm control

Pakistan crash to new low as South Africa take firm control

Dale Steyn sent Pakistan crashing to a new low as South Africa took control on the second day of the first Test at the Wanderers Stadium on Saturday. Steyn took six for eight in 8.1 overs as Pakistan were shot out for 49, four fewer than their previous lo
Published 03 Feb, 2013 12:00am
Peres asks Netanyahu to form new government

Peres asks Netanyahu to form new government

Israeli President Shimon Peres on Saturday formally asked incumbent Prime Minister Benjamin Netanyahu to form a new governing coalition following the January 22 general election. Netanyahu will initially have 28 days to form a coalition. His rightist Liku
Published 03 Feb, 2013 12:00am
Islamist threatens to attack Germany, kill Merkel

Islamist threatens to attack Germany, kill Merkel

A German Islamist has threatened to attack Berlin this summer and kill Chancellor Angela Merkel in a video posted on the Internet, a newspaper reported on Saturday. A spokesman for Germany's intelligence service, the Office for the Protection of the Const
Published 03 Feb, 2013 12:00am
Warning to North Korea? South Korea, US in naval drill

Warning to North Korea? South Korea, US in naval drill

South Korea and the United States will hold a joint naval exercise next week, a report said Saturday, in a move seen as a warning to North Korea ahead of its widely expected nuclear test. The three-day exercise involving a US nuclear submarine and other w
Published 03 Feb, 2013 12:00am
Scandal-hit Spain Prime Minister denies corruption claims

Scandal-hit Spain Prime Minister denies corruption claims

Spain's Prime Minister Mariano Rajoy Saturday denied allegations that he received undeclared payments from his ruling party, as he fought off a major corruption scandal. Rajoy vowed not to resign despite the publication of documents purportedly showing se
Published 03 Feb, 2013 12:00am
Malians say 'Thank you, France!' as Hollande visits

Malians say 'Thank you, France!' as Hollande visits

Malians chanting "Thank you, France!" mobbed President Francois Hollande on Saturday as he visited the desert city of Timbuktu, retaken from Islamist rebels, and pledged France's sustained support for Mali to expel jihadists. Hollande, accompanied by his
Published 03 Feb, 2013 12:00am
Twitter hit by 'sophisticated' cyber attack

Twitter hit by 'sophisticated' cyber attack

Twitter said Friday it was hammered by a "sophisticated" cyber attack similar to those that recently hit major Western news outlets, and that the passwords of about 250,000 users were stolen. "This attack was not the work of amateurs, and we do not believ
Published 03 Feb, 2013 12:00am
Serbian coalition rocked by leaks against prime minister

Serbian coalition rocked by leaks against prime minister

Serbian Prime Minister Ivica Dacic warned on Saturday that "certain forces" were trying to topple his coalition government after media reports linked him to an alleged drug trafficker. The reports emerged just as speculation grows that Dacic's SNS coaliti
Published 03 Feb, 2013 12:00am
Washington Post joins list of hacked US media

Washington Post joins list of hacked US media

The Washington Post disclosed Saturday that it had suffered a cyberattack and suspects Chinese hackers were behind it, joining Twitter and major US media outlets that have endured intrusions. The Post said in a front page story that the attack was detecte
Published 03 Feb, 2013 12:00am
Records fall as New York art auctions take in $170 million

Records fall as New York art auctions take in $170 million

Three paintings each sold for more than $10 million and artists' records fell as auction houses Christie's and Sotheby's collectively moved some $170 million in Old Master and Renaissance art this week. The auctions, including a big-ticket sale at Christi
Published 03 Feb, 2013 12:00am
Pentagon to keep Africa Command headquarters in Europe

Pentagon to keep Africa Command headquarters in Europe

Defence Secretary Leon Panetta has decided against moving the US military's headquarters overseeing Africa from Germany to the United States, concluding the benefits of staying in Europe - closer to African hot spots - are worth the extra cost, officials
Published 03 Feb, 2013 12:00am
India considers allowing more wheat exports

India considers allowing more wheat exports

India is considering allowing additional wheat exports to cut huge stocks at government warehouses and make room for the new season's harvest, Food Minister K. V. Thomas said on Thursday. After lifting a four-year-old ban on wheat exports by private trade
Published 03 Feb, 2013 12:00am
Vietnam to allow local companies to buy rice

Vietnam to allow local companies to buy rice

The Vietnamese government will allow domestic companies to start buying winter-spring rice from next month to build a stockpile equivalent to 1 million tonnes of husked grain to avoid price falls, the official Vietnam News Agency reported. The purchases w
Published 03 Feb, 2013 12:00am
Asian rice: pressure builds on Thailand to release stocks

Asian rice: pressure builds on Thailand to release stocks

Thai rice exporters say it is only a matter of time before the government is forced to sell grain from its bulging stocks, which could force down prices, although they were supported this week by strength in the baht. The government, which has been buying
Published 03 Feb, 2013 12:00am
New York cotton rises for fifth week, longest rally since early 2011

New York cotton rises for fifth week, longest rally since early 2011

Cotton prices rose again on Friday as speculative buying outpaced merchant selling and extended fibre's rally to a fifth straight week, its longest since its 2011 bull run. The most-active March contract on ICE Futures US rose 0.03 cent, or 0.04 percent,
Published 03 Feb, 2013 12:00am
India cotton seen rising on export demand

India cotton seen rising on export demand

Cotton prices in India, the world's second-largest producer, are likely to rise this week on buying by exporters though higher supplies in spot markets could limit the uptrend. Traders expect cotton exports from India to Southeast Asia to more than double
Published 03 Feb, 2013 12:00am
Burkina Faso cotton output soars 57.5 percent due to GMOs

Burkina Faso cotton output soars 57.5 percent due to GMOs

Cotton production in Burkina Faso, one of the first countries in Africa to approve genetically modified cotton, jumped 57.5 percent in 2012-2013 due to an increase in GMO crops, the producers' association said. Output for the year to end-January 2013 rose
Published 03 Feb, 2013 12:00am
CME Group to reduce nearly non-stop grain trading cycle

CME Group to reduce nearly non-stop grain trading cycle

CME Group said on Tuesday it will reduce the nearly non-stop trading cycle for its US grain and oilseed markets, and supported a trading halt at all exchanges during the release of major agricultural reports. CME, which owns the Chicago Board of Trade, sa
Published 03 Feb, 2013 12:00am
Corn prices may crumble 22 percent in 2013

Corn prices may crumble 22 percent in 2013

Food and feed prices may begin easing this year as Chicago Board of Trade (CBOT) corn prices fall 22 percent to under $5.50 per bushel by year's end assuming huge US corn plantings and normal crop weather, a Reuters poll showed. The Reuters poll of 13 ana
Published 03 Feb, 2013 12:00am
Gold lifted by US payrolls data, posts weekly gain

Gold lifted by US payrolls data, posts weekly gain

Gold rose in unison with equities and commodities on Friday, notching a weekly gain, after US nonfarm payrolls data showed modest job growth in January. Bullion prices climbed after the Labour Department also said US job gains in the prior two months were
Published 03 Feb, 2013 12:00am
Crude oil market strikes four-month peaks

Crude oil market strikes four-month peaks

Crude oil prices spiked to four-month peaks this week, energised by the weak dollar, mostly upbeat global economic data and Middle East tensions particularly in Syria, while other commodities mainly rose. The European single currency rallied to $1.3711 -
Published 03 Feb, 2013 12:00am
ISO stages protest demo against Hangu blast

ISO stages protest demo against Hangu blast

Activists of Imamia Students Organisation (ISO) Peshawar Division and Shia community belonging to different societies and organisation on Saturday held a protest demonstration against the Hangu bomb blast here at main Saddar road outside press club.
Published 03 Feb, 2013 12:00am
Election must not be delayed: Sherpao

Election must not be delayed: Sherpao

The Chairman Qaumi Watan Party (QWP) Aftab Ahmad Khan Sherpao on Saturday called for holding timely elections with more transparent and free manner in the country, saying that the conducting timely election was the only solution of the current crisis situ
Published 03 Feb, 2013 12:00am
PIMS has run out of measles vaccine!

PIMS has run out of measles vaccine!

The vaccine used to cure the patients, suffering from measles disease, is not available in Pakistan Institute of Medical Sciences (PIMS) at present. Informed sources told Business Recorder, here on Saturday that measles is spreading among the children in
Published 03 Feb, 2013 12:00am
ECP to strictly implement code of conduct

ECP to strictly implement code of conduct

The Election Commission of Pakistan has developed a concrete system of electioneering process monitoring, to fully implement its proposed Code of Conduct(CoC) and introduced number of reforms in the existing election system, to hold election in more vibra
Published 03 Feb, 2013 12:00am
Australian HC hosts reception for Pakistan alumni

Australian HC hosts reception for Pakistan alumni

Australia's High Commissioner to Pakistan, HE Peter Heyward hosted a reception for alumni of Australian educational institutions on Saturday. The High Commissioner said that he was pleased that more than 7,000 Pakistani students had chosen Australia for t
Published 03 Feb, 2013 12:00am
Hangu blast: death toll surges to 28

Hangu blast: death toll surges to 28

The death toll in Hangu's Pat Bazaar suicide attack mounted to 28 with the death of another injured child at Lady Reading Hospital (LRH), Peshawar. On Friday, 27 people were killed and more than 50 others wounded when a suicide bomber exploded himself out
Published 03 Feb, 2013 12:00am
Morocco envoy pays farewell call on Prime Minister

Morocco envoy pays farewell call on Prime Minister

Ambassador of Morocco in Pakistan Mohammad Reda El Fassi paid a farewell call on Prime Minister Raja Pervez Ashraf here at PM House on Saturday. The Prime Minister, appreciating the efforts of the outgoing Ambassador in improving the existing close relati
Published 03 Feb, 2013 12:00am
Nadra discontinues smart card project in Europe

Nadra discontinues smart card project in Europe

Pakistan National Database and Registration Authority (Nadra) has discontinued Smart National Identity Cards (SNICs) project in Europe on Saturday over concerns by security agencies. According to Pakistan High Commissioner in the United Kingdom (UK) Wajid
Published 03 Feb, 2013 12:00am
Two soldiers killed in Orakzai blast

Two soldiers killed in Orakzai blast

Two soldiers, including an officer, embraced martyrdom, while two others sustained injuries in an improvised explosive device (IED) blast in Orakzai Agency on Saturday, an ISPR spokesman said. According to details, the security forces were conducting sear
Published 03 Feb, 2013 12:00am
President approves appointment of NCHD members

President approves appointment of NCHD members

President Asif Ali Zardari has approved appointment of members for National Commission of Human Development (NCHD). According to Spokesman of the Presidency, the NCHD members for Punjab, Khyber Pakhtunkhwa and Sindh have been appointed and the President h
Published 03 Feb, 2013 12:00am
IRI report - II

IRI report - II

Without a shadow of doubt, PTI that has some outstanding individuals in its fold and support of sincere Pakistanis, both within and outside Pakistan who yearn and want a meaningful change in the governance of the country, specialising in various critical
Published 03 Feb, 2013 12:00am
US ground hogno rival for hi-tech weather forecasting

US ground hogno rival for hi-tech weather forecasting

Groundhog Day is a fondly held tradition on the US calendar, even if the furry Punxatawney Phil's record of correctly predicting the weather is a bit fuzzy. Every February 2, the world's most famous groundhog - probably the world's only famous groundhog -
Published 03 Feb, 2013 12:00am
Canadian hedge funds' growth dreams face tough reality

Canadian hedge funds' growth dreams face tough reality

Canadian hedge funds will likely remain more boutique than big box in the future, as lack of scale, poor returns and difficulty accessing big investors weigh down growth. Helped by start-ups in and around Toronto's financial district, the Canadian industr
Published 03 Feb, 2013 12:00am
Sordid story of tax frauds - III

Sordid story of tax frauds - III

During 2003-2007, one tax official used different techniques to issue illegal refunds in several cases without any check by any agency. It was found that the accused official during his appointment as Commissioner Income Tax (CIT), Companies Zone-II, Laho
Published 03 Feb, 2013 12:00am
The Mali maelstrom

The Mali maelstrom

The city of fabled Timbuktu was its crown jewel, a symbol of Mali's rich history and a tourism draw for a desperately poor people. French troops arrived in Kidal on Wednesday, completing a three-week campaign to oust Islamist rebels from major north Malia
Published 03 Feb, 2013 12:00am
Karachi violence

Karachi violence

Thursday brought some of the deadliest violence to Karachi. Three clerics of Jamia Binoria travelling in a van were killed on Shahrah-e-Faisal. In another incident, a worker of Majlis-e-Wahdat-e-Muslimeen was murdered. If these murders were motivated by s
Published 03 Feb, 2013 12:00am
Change of heart in Kabul

Change of heart in Kabul

At long last the mistrust that had clouded the Pak-Afghan military relationship far too long seems to be dissipating, giving way to hope of constructive ties between the two sides to effectively cope with the security challenges following the withdrawal o
Published 03 Feb, 2013 12:00am
Road traffic accidents: media urged to play due role

Road traffic accidents: media urged to play due role

Director General Punjab Emergency Service (Rescue 1122) Dr Rizwan Naseer has appealed the media practitioners to play a vital role in changing minds of the masses pertaining to the occurrence of road traffic crashes, which usually resulted to the loss of
Published 03 Feb, 2013 12:00am
Number of measles-affected children on the rise

Number of measles-affected children on the rise

The disease of measles continued to haunt Lahorites, as over 20 more patients were admitted to different hospitals in the provincial metropolis on Saturday, taking the tally to over 300 on Saturday. As many as 25 patients facing measles were still under t
Published 03 Feb, 2013 12:00am
Punjab government approves energy sector scheme worth Rs 3,578 million

Punjab government approves energy sector scheme worth Rs 3,578 million

With an estimated cost of Rs 3578.000 million, the Punjab government has approved the scheme of energy sector for the construction of Marala Hydel Power Station, Sialkot under "Renewable Energy Development Sector Investment Programme." The approval was ac
Published 03 Feb, 2013 12:00am
Naval Chief calls on Governor, chief minister Punjab

Naval Chief calls on Governor, chief minister Punjab

Chief of Naval Staff Admiral Muhammad Asif Sandila called on Punjab Governor Makhdoom Ahmed Mahmood, here on Saturday. He discussed professional matters and various national issues during the meeting. Meanwhile, Admiral Sandila called on Punjab Chief Mini
Published 03 Feb, 2013 12:00am
Punjab provides buses to 100 colleges

Punjab provides buses to 100 colleges

Punjab Chief Minister Muhammad Shahbaz Sharif has said that provision of buses to the colleges at a cost of two billion rupees for facilitating the builders of the nation is a gift of Punjab government for them. He said resources required for equipping th
Published 03 Feb, 2013 12:00am
Transfers and postings

Transfers and postings

Chief Justice Lahore High Court here on Saturday made transfers and postings among three civil judges-cum-judicial magistrates. According to a notification issued here civil judges-cum-judicial magistrates Rashid Nawaz has been transferred from Chishtian
Published 03 Feb, 2013 12:00am
Five of a family scorched in house fire

Five of a family scorched in house fire

At least five persons including couple and three children were scorched due to fire in a house here late on Friday night. According to details, the incident took place in Mumtazabad locality of Multan where fire broke out in a room of a house due to gas l
Published 03 Feb, 2013 12:00am
PML-N leader's rejoinder to Wattoo

PML-N leader's rejoinder to Wattoo

Pakistan Muslim League-Nawaz (PML-N) Lahore President Mohammad Pervaiz Malik has said that after next general elections, the persons like Manzoor Wattoo will not be seen in the national politics. He added that the people would reject those elements having
Published 03 Feb, 2013 12:00am
Declare auto industry as 'key industry': Paapam

Declare auto industry as 'key industry': Paapam

Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) has demanded of the government to declare the auto industry as a "key industry" that provides livelihood to over five percent of the country's population, saves valuable forei
Published 03 Feb, 2013 12:00am
Samsung celebrates success of Galaxy Note II

Samsung celebrates success of Galaxy Note II

Samsung Electronics Company Limited is celebrating the overwhelming global success of the "Samsung Galaxy Note II" by holding "Creative Guru" activity at various cafes across Pakistan. Launched in October 2012, the Galaxy Note-II is an intuitive smartphon
Published 03 Feb, 2013 12:00am
FCCI expresses doubts over $95 billion export target

FCCI expresses doubts over $95 billion export target

Export target of $95 billion would be difficult to achieve, envisaged by the Strategic Trade Policy Framework (STPF) 2012-15, without uninterrupted supply of electricity and gas and improving the law and order situation, said Mian Zahid Aslam, President F
Published 03 Feb, 2013 12:00am
Telefilm planned

Telefilm planned

A private TV channel has planned to prepare a short telefilm of 90 minutes duration on "Jhothay Roop Kay Darshan" written by Chairman Punjab Education Foundation (PEF) Raja Muhammad Anwar during his student days in early 1970s at Punjab University. The sc
Published 03 Feb, 2013 12:00am
Meeting held to review anti-measles measures

Meeting held to review anti-measles measures

Punjab Chief Secretary Nasir Mahmood Khosa has presided over a meeting of DCOs of all the provincial districts to review the causes of rising measles cases and the progress of implementation for checking the disease in the province. The meeting was chaire
Published 03 Feb, 2013 12:00am
Measles claims three more lives in Punjab

Measles claims three more lives in Punjab

At least three children including two real brothers died of measles and four others affected of the disease were hospitalised here on Saturday. According to details, three children hailing from village 265 GB of Toba Tek Singh expired of measles due to no
Published 03 Feb, 2013 12:00am
Zulfiqar Khosa to contest election against son

Zulfiqar Khosa to contest election against son

Pakistan Muslim League-Nawaz (PML-N) veteran leader Zulfiqar Ali Khosa Monday announced that he will contest against his son Saif ud Din Khosa in the upcoming general election. Saif left PML-N on January 23, expressing reservations over the party's polici
Published 03 Feb, 2013 12:00am
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