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Print - 2013-02-04
High beef price pressure on McDonald's profit margin

High beef price pressure on McDonald's profit margin

McDonald's popular $1 McDouble cheeseburger, which has lured customers to the Golden Arches since 2008, is getting hard to sustain as rising beef prices threaten the company's profit margin. The world's biggest restaurant chain launched a competing $1 Gri
Published 04 Feb, 2013 12:00am
Iran president accuses parliament speaker's family of corruption

Iran president accuses parliament speaker's family of corruption

President Mahmoud Ahmadinejad on Sunday accused the parliament speaker's family of corruption, during an angry debate reflecting a struggle between the Iranian leader and rival factions in his final months in power. The president used a speech defending a
Published 04 Feb, 2013 12:00am
Egypt top court again delays ruling on constitution

Egypt top court again delays ruling on constitution

Egypt's top court on Sunday postponed a ruling on the legality of the Islamist-dominated commission that drafted a contested new constitution, state media reported. A verdict on the constitution, adopted by referendum in December, had been due on Sunday b
Published 04 Feb, 2013 12:00am
South Sudan accuses Sudan of deadly attack

South Sudan accuses Sudan of deadly attack

The South Sudanese army on Sunday accused Sudan of launching a deadly air assault along their volatile border, but Khartoum promptly denied the claims. A spokesman for the South Sudanese army (SPLA) said the attack occurred on its soil along the border in
Published 04 Feb, 2013 12:00am
Assad lashes out as Israel admits Syria raid

Assad lashes out as Israel admits Syria raid

Israel on Sunday implicitly confirmed it staged an air strike on Syria last week as President Bashar al-Assad accused the Jewish state of trying to further destabilise his war-torn country. The foreign minister of Damascus ally Iran, meanwhile, said he we
Published 04 Feb, 2013 12:00am
French planes pound Islamist camps in northern Mali desert

French planes pound Islamist camps in northern Mali desert

French warplanes pounded Islamist rebel camps in the far north of Mali, military sources said, hours after French President Francois Hollande visited the West African country. Thierry Burkhard, spokesman for the French army in Paris, said on Sunday the ov
Published 04 Feb, 2013 12:00am
Libyan TV crew 'assaulted' in parliament

Libyan TV crew 'assaulted' in parliament

Security guards at Libya's parliament have beaten up a crew of Alassema, an independent television network, the channel told AFP on Sunday. "A team from (Alassema TV) went to cover a meeting of the national assembly on Friday, entering as they were permit
Published 04 Feb, 2013 12:00am
Pentagon chief says 'political knives' are out for Hagel

Pentagon chief says 'political knives' are out for Hagel

Secretary of Defence Leon Panetta said in remarks aired on Sunday that Senate opponents of Chuck Hagel wielded "political knives" to attack the man picked to be his successor during last week's confirmation hearing, expressing disappointment that issues i
Published 04 Feb, 2013 12:00am
Chinese equity holdings hit 27-month high

Chinese equity holdings hit 27-month high

Chinese fund managers boosted their recommended equity weightings in January to a 27-month high on optimism over the economic outlook and prospects of continued capital inflows, the latest Reuters fund poll showed. The average recommended stock weighting
Published 04 Feb, 2013 12:00am
Chinese equity holdings hit 27-month high

Chinese equity holdings hit 27-month high

Chinese fund managers boosted their recommended equity weightings in January to a 27-month high on optimism over the economic outlook and prospects of continued capital inflows, the latest Reuters fund poll showed. The average recommended stock weighting
Published 04 Feb, 2013 12:00am
FTSE week ahead: traders await BP results, Bank of England decision

FTSE week ahead: traders await BP results, Bank of England decision

London investors will next week focus on the latest results from blue chip heavyweights including BP and GlaxoSmithKline, as well as the Bank of England's latest monetary policy meeting. London's benchmark FTSE 100 index of top companies finished at 6,347
Published 04 Feb, 2013 12:00am
High-end apparel brand Vince explores IPO

High-end apparel brand Vince explores IPO

Vince, a contemporary sportswear brand owned by private equity firm Sun Capital Partners, is exploring an initial public offering later this year, according to two sources with knowledge of the matter. The company is working with banks including Goldman S
Published 04 Feb, 2013 12:00am
Quintiles picks MS, Barclays, JPM for IPO

Quintiles picks MS, Barclays, JPM for IPO

Quintiles Transnational Corp, the largest provider of testing services to drugmakers, has chosen Morgan Stanley, Barclays Plc and JPMorgan Chase & Co as joint bookrunners for a planned initial public offering, people familiar with the matter said on Wedne
Published 04 Feb, 2013 12:00am
US investors lift equity allocations to nine-month high in January

US investors lift equity allocations to nine-month high in January

US investors increased their exposure to equities in January to the highest level in nine months, a Reuters poll showed on Thursday, reflecting a shift in sentiment that has helped push the Standard & Poor's 500 index to a five-year high. Money managers r
Published 04 Feb, 2013 12:00am
US investors lift equity allocations to nine-month high in January

US investors lift equity allocations to nine-month high in January

US investors increased their exposure to equities in January to the highest level in nine months, a Reuters poll showed on Thursday, reflecting a shift in sentiment that has helped push the Standard & Poor's 500 index to a five-year high. Money managers r
Published 04 Feb, 2013 12:00am
Wall Street week ahead: 'Great Rotation'- A Wall Street fairy tale?

Wall Street week ahead: 'Great Rotation'- A Wall Street fairy tale?

Wall Street's current jubilant narrative is that a rush into stocks by small investors has sparked a "great rotation" out of bonds and into equities that will power the bull market to new heights. That sounds good, but there's a snag: The evidence for thi
Published 04 Feb, 2013 12:00am
Dealers see more gains for Tokyo shares

Dealers see more gains for Tokyo shares

Tokyo shares are on track to extend their rally next week, after US jobs data coming on Friday ahead of more Japanese and US corporate earnings, dealers said. The benchmark Nikkei 225 index added 2.42 percent, or 264.69 points, to end the week at 11,191.3
Published 04 Feb, 2013 12:00am
Kazakhs eye return to debt markets with $1 billion in bonds

Kazakhs eye return to debt markets with $1 billion in bonds

Kazakhstan is planning a comeback to international debt markets by issuing 150 billion tenge ($996 million) of sovereign Eurobonds in the first half of 2013, Finance Minister Bolat Zhamishev said on Tuesday.
Published 04 Feb, 2013 12:00am
Kazakhs eye return to debt markets with $1 billion in bonds

Kazakhs eye return to debt markets with $1 billion in bonds

Kazakhstan is planning a comeback to international debt markets by issuing 150 billion tenge ($996 million) of sovereign Eurobonds in the first half of 2013, Finance Minister Bolat Zhamishev said on Tuesday.
Published 04 Feb, 2013 12:00am
Latin America lays out defences in currency war

Latin America lays out defences in currency war

Latin American policymakers are manning their defences ahead of what could be a new battle in the "currency wars" as flows of hot money put unwelcome upward pressure on their currencies.
Published 04 Feb, 2013 12:00am
British investors keep flocking to stocks as recovery gathers pace

British investors keep flocking to stocks as recovery gathers pace

British investment managers sharply increased their exposure to stocks in January as concerns of more financial instability receded and the market's recovery gathered pace, a Reuters poll showed on Thursday. A monthly survey of fund managers and chief inv
Published 04 Feb, 2013 12:00am
Dubai hopes sukuk standards to make it global player

Dubai hopes sukuk standards to make it global player

Dubai aims to become a top global centre for Islamic bonds by introducing more detailed standards that ensure issuance and trading obey not only the letter but also the spirit of Islamic rules, a securities market official said.
Published 04 Feb, 2013 12:00am
Dubai hopes sukuk standards to make it global player

Dubai hopes sukuk standards to make it global player

Dubai aims to become a top global centre for Islamic bonds by introducing more detailed standards that ensure issuance and trading obey not only the letter but also the spirit of Islamic rules, a securities market official said.
Published 04 Feb, 2013 12:00am
France on track to meet 0.8 percent growth target: minister

France on track to meet 0.8 percent growth target: minister

French Finance Minister Pierre Moscovici on Sunday said the government believed it could reach its 2013 economic growth target of 0.8 percent. Moscovici told France 2 television that he is maintaining the target ahead of the publication of the European Co
Published 04 Feb, 2013 12:00am
China services' slow uptick highlights mildness of recovery

China services' slow uptick highlights mildness of recovery

Growth in China's increasingly important services sector rose for the fourth straight month in January, though the slim increase added to evidence that the recovery in the world's second-largest economy remains a modest one.
Published 04 Feb, 2013 12:00am
German minister attacks power prices plan

German minister attacks power prices plan

German Economy Minister Philipp Roesler has condemned proposals by the environment minister to limit electricity price rises for consumers as "illusory solutions" that were doomed to failure, Der Spiegel weekly reported on Sunday.
Published 04 Feb, 2013 12:00am
Greek seamen, farmers protest government cuts, reforms

Greek seamen, farmers protest government cuts, reforms

Greek seamen extended a strike to protest government austerity for a further 48 hours on Sunday, meaning that dozens of islands will have been cut off from the mainland for six days. Farmers also briefly disrupted traffic on several major motorways across
Published 04 Feb, 2013 12:00am
ECB to hold rates steady amid market calm

ECB to hold rates steady amid market calm

The European Central Bank is set to keep interest rates on hold next week as it takes stock of the new-found calm on the financial markets, analysts predict. "The continued improvement in financial market conditions and surveys of economic activity has ta
Published 04 Feb, 2013 12:00am
Berlusconi offers big tax cuts in 'last great battle'

Berlusconi offers big tax cuts in 'last great battle'

Italy's former prime minister Silvio Berlusconi announced his "last great electoral and political battle" on Sunday with a sweeping promise to cut taxes and the cost of government if his centre-right wins elections this month.
Published 04 Feb, 2013 12:00am
US shale gas revolution throws down the gauntlet to Europe

US shale gas revolution throws down the gauntlet to Europe

The United States is enjoying an energy bonanza thanks to shale gas, making it a magnet for industry, reducing import dependence and challenging Europe as it battles to dig itself out of recession, energy officials say.
Published 04 Feb, 2013 12:00am
Bangladesh delays EU sugar export tender

Bangladesh delays EU sugar export tender

Bangladesh Sugar and Food Industries Corporation has delayed by a week the bidding deadline in its first ever international tender to export 50,000 tonnes of refined sugar, a senior corporation official said on Sunday.
Published 04 Feb, 2013 12:00am
Iraq oil exports rise to 2.359 million barrels per day in January

Iraq oil exports rise to 2.359 million barrels per day in January

Iraq's oil exports climbed to 2.359 million barrels per day (bpd) in January from 2.340 million bpd the previous month, oil ministry officials said on Sunday. Iraq shipped 2.095 million bpd from the southern oil hub of Basra and 264,000 bpd from the north
Published 04 Feb, 2013 12:00am
Apple updates software for iPhone, iPad

Apple updates software for iPhone, iPad

Apple said on January 28 it was releasing updated mobile software for the iPhone and iPad which makes it easier for users to get on high-speed networks. The iOS 6.1 version, which updates the one released last year, includes Apple's own maps program which
Published 04 Feb, 2013 12:00am
Patch for older versions of Internet Explorer

Patch for older versions of Internet Explorer

Microsoft has released security updates for three older versions of Internet Explorer. Users of IE 6, 7 and 8 should install the update in order to close a critical security vulnerability in the browser, according to Germany's Federal Office for Informati
Published 04 Feb, 2013 12:00am
Share an optical drive on a network

Share an optical drive on a network

Someone who wants to play a CD, DVD or Blu-ray but doesn't have drive on their laptop doesn't necessarily have to buy an external device. This is true at least if you have a desktop or another laptop with an optical drive because this can be shared easily
Published 04 Feb, 2013 12:00am
Update to make Java more secure

Update to make Java more secure

A serious security vulnerability in Java has been plugged by the latest update. Users should download the update to version 11 of Java 7 as soon as possible, the developer Oracle advises.
Published 04 Feb, 2013 12:00am
New BlackBerry scalped online

New BlackBerry scalped online

Though yet to be launched in North America, BlackBerry's new smartphones were already for sale online on February 1, stirring bidding frenzies. Sellers claimed they obtained the sleek new handsets at launch events in New York, Toronto, Dubai, London and J
Published 04 Feb, 2013 12:00am
Internet age navigation drives economies: studies

Internet age navigation drives economies: studies

Fresh from unveiling detailed online maps of North Korea, Google on January 30 touted studies showing that Internet Age navigation tools boost the economic engines of nations. The global "geospatial industry" brings in $270 billion in annual revenue and c
Published 04 Feb, 2013 12:00am
Facebook lets friends send gift cards

Facebook lets friends send gift cards

Facebook on January 31 began letting social network members in the United States send friends gift cards for purchases at participating shops or restaurants. The move came as the world's leading social network seeks ways to expand how it makes money from
Published 04 Feb, 2013 12:00am
Microsoft puts Office in the Internet cloud

Microsoft puts Office in the Internet cloud

Microsoft on January 29 began letting people subscribe to Office as a service in the Internet cloud, shedding the need to buy the popular productivity software on a disk. "It's kind of a reflection of how most of us live nowadays," said company official O
Published 04 Feb, 2013 12:00am
Opt for USB 3.0 systems when shopping for external drives

Opt for USB 3.0 systems when shopping for external drives

If you're shopping for a new external drive, it's best to opt for one with the new USB 3.0 connections, instead of the old USB 2.0 standard. The newer standard allows data to be copied faster, reports German computer magazine Computerbild, which tested ei
Published 04 Feb, 2013 12:00am
Apple, Android have smartphone 'duopoly'

Apple, Android have smartphone 'duopoly'

Android and Apple smartphones captured a whopping 92 percent of global sales in the fourth quarter, giving the two systems an effective duopoly, a research firm said on January 28. Strategy Analytics said global smartphone shipments grew 38 percent annual
Published 04 Feb, 2013 12:00am
Apple tops in US in mobile phones: surveys

Apple tops in US in mobile phones: surveys

Apple dethroned Samsung as the top US mobile phone vendor in the final quarter of last year, claiming a record share of 34 percent, research firm Strategy Analytics reported on February 1. Apple shipped an estimated 17.7 million iPhones as "robust demand"
Published 04 Feb, 2013 12:00am
Wickr app aims at safeguarding online privacy

Wickr app aims at safeguarding online privacy

Wickr co-founder Nico Sell is working toward "geek utopia," a world where people hold the power when it comes to who sees what they share on the Internet or from their phones. The start-up's services - giving users of Apple gadgets uncrackable communicati
Published 04 Feb, 2013 12:00am
WhatsApp violates privacy laws over phone numbers: report

WhatsApp violates privacy laws over phone numbers: report

WhatsApp, one of the most popular apps in the world, contravenes international privacy laws because it forces users to provide access to their entire address book, Canadian and Dutch data protection authorities said on January 28.
Published 04 Feb, 2013 12:00am
Ford fourth quarter profit beats Street, sees bigger Europe loss

Ford fourth quarter profit beats Street, sees bigger Europe loss

Ford Motor Co on January 29 predicted 2013 total operating profit would match results last year as market share gains in the United States offset deepening losses in Europe. Ford said the sales outlook was deteriorating in Europe, and it now expects to lo
Published 04 Feb, 2013 12:00am
Ford fourth quarter profit beats Street, sees bigger Europe loss

Ford fourth quarter profit beats Street, sees bigger Europe loss

Ford Motor Co on January 29 predicted 2013 total operating profit would match results last year as market share gains in the United States offset deepening losses in Europe. Ford said the sales outlook was deteriorating in Europe, and it now expects to lo
Published 04 Feb, 2013 12:00am
Seagate results beat estimates; sees lower third quarter revenue

Seagate results beat estimates; sees lower third quarter revenue

Seagate Technology Plc forecast third-quarter revenue below analysts' estimates, on muted demand for its hard disk drives as consumers pick smartphones and tablets over PCs, sending its shares down 4 percent after the bell.
Published 04 Feb, 2013 12:00am
Seagate results beat estimates; sees lower third quarter revenue

Seagate results beat estimates; sees lower third quarter revenue

Seagate Technology Plc forecast third-quarter revenue below analysts' estimates, on muted demand for its hard disk drives as consumers pick smartphones and tablets over PCs, sending its shares down 4 percent after the bell.
Published 04 Feb, 2013 12:00am
High beef price pressure on McDonald's profit margin

High beef price pressure on McDonald's profit margin

McDonald's popular $1 McDouble cheeseburger, which has lured customers to the Golden Arches since 2008, is getting hard to sustain as rising beef prices threaten the company's profit margin. The world's biggest restaurant chain launched a competing $1 Gri
Published 04 Feb, 2013 12:00am
Disbanding of ECP or removal of CEC out of question: Naek

Disbanding of ECP or removal of CEC out of question: Naek

Federal Minister for Law Farooq H. Naek on Sunday said that the Election Commission of Pakistan (ECP) had been constituted as per the Constitution, therefore, neither the body would be dissolved nor the Chief Election Commissioner (CEC) will be removed.
Published 04 Feb, 2013 12:00am
The Weather

The Weather

The weather report on Sunday (February 03, 2013) and the forecast for Monday (February 04, 2013).

Published 04 Feb, 2013 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (January 28 to February 01 2013).

Published 04 Feb, 2013 12:00am
Message from President, Pakistan-Sri Lanka Business Forum

Message from President, Pakistan-Sri Lanka Business Forum

As President of the Pakistan Sri Lanka Business Forum - PSBF, I and my colleagues take this opportunity to wish the Honourable President Mr Mahinda Rajapaksa, Consul General Mr. D.W. Jinadasa and the people of Sri Lanka heartiest congratulations on the Na
Published 04 Feb, 2013 12:00am
Message from President, Democratic Socialist Republic of Sri Lanka

Message from President, Democratic Socialist Republic of Sri Lanka

We Sri Lankans who have sacrificed immensely to ensure the sovereignty of the nation, celebrate this 65th National Independence Day with utmost pride. The nation has embarked on a path of development which has made freedom really meaningful.
Published 04 Feb, 2013 12:00am
Cotton market displays new vigour

Cotton market displays new vigour

Cotton: Prices picked up vigour on the cotton market this week as mills were busy trying to get their hands on the finer varieties that are soon set to disappear from the market. The official spot rate gained traction, going up to Rs 6,100 during t
Published 04 Feb, 2013 12:00am
Immediate withdrawal of endowment fund from SRSP demanded

Immediate withdrawal of endowment fund from SRSP demanded

The Standing Committee of Khyber Pakhtunkhwa Assembly on Planning and Development (P&D) has called for immediate withdrawal of endowment fund from Sarhad Rural Support Programme (SRSP) within a period of fifteen days and has termed the measure illegal.
Published 04 Feb, 2013 12:00am
Italian left not so sure anymore of win against Berlusconi

Italian left not so sure anymore of win against Berlusconi

When the Italian election campaign started in December, centre-left leader Pier Luigi Bersani was all but assured of winning the contest. But now, three weeks from the February 24-25 vote, doubt is creeping in.
Published 04 Feb, 2013 12:00am
Symbolic democracy?

Symbolic democracy?

Abu Adnan (Comment: Report's footnotes tell the real truth, BR January 1) is forthright in pointing to the political-administrative malaise that has been ailing Pakistan for the past six decades. It is hard to disagree with his views on the issues he has
Published 04 Feb, 2013 12:00am
US, Europe stock surge runs ahead of economic recovery

US, Europe stock surge runs ahead of economic recovery

Stock markets in the United States and Europe have been building up steam for six months and now seem oblivious to still fragile economic growth, but analysts say this does not yet amount to another financial bubble. Markets tend to anticipate trends and
Published 04 Feb, 2013 12:00am
They're clueless

They're clueless

The country this week past witnessed two major decisions that an outgoing government should have morally and from the perspective of inability to ensure implementation desisted from. The first was the Cabinet approval of a three-year (2012-15) Strategic T
Published 04 Feb, 2013 12:00am
IP gas pipeline: Why now?

IP gas pipeline: Why now?

The Cabinet formally approved the agreement to construct the Iran-Pakistan (IP) gas pipeline and set up a ministerial committee to explore avenues for arranging $1.5 billion required for the project's implementation. Two major objections to the approval a
Published 04 Feb, 2013 12:00am
Fiscal, monetary imperatives

Fiscal, monetary imperatives

No press release was officially released on the Thursday's meeting of the Fiscal and Monetary Board in Islamabad. Since the board met on the subsequent day of issuance of SBP Annual Report or the annual review of country's economy by the central bank, its
Published 04 Feb, 2013 12:00am
Masood condoles death of Jam Yousuf

Masood condoles death of Jam Yousuf

Khyber Pakhtunkhwa Governor, Barrister Masood Kausar has expressed his heartfelt condolence on the sad demise of the Federal Minister for Privatisation and the former Chief Minister of Balochistan, Jam Muhammad Yousuf who breathed his last at Islamabad la
Published 04 Feb, 2013 12:00am
Jam Yousuf laid to rest

Jam Yousuf laid to rest

Former Chief Minister Balochistan Jam Mohammad Yousuf, who died of cardiac arrest in Islamabad late Saturday night, was laid to rest at Bara Bagh graveyard, here on Sunday. Earlier, Jam Yousuf's body was flown from Chaklala Airbase via C-130 aircraft to K
Published 04 Feb, 2013 12:00am
Rooney sinks Fulham as Man United surge clear

Rooney sinks Fulham as Man United surge clear

Wayne Rooney scored his fourth goal in three games as Manchester United beat Fulham 1-0 at Craven Cottage to move 10 points clear at the head of the Premier League table on Saturday.
Published 04 Feb, 2013 12:00am
Sharp doubles April-December net loss at $4.6 billion

Sharp doubles April-December net loss at $4.6 billion

Sharp said on February 01 that its loss in the nine months to December doubled to $4.6 billion as the embattled Japanese electronics giant struggles to repair its tattered balance sheet. But the company offered a glimmer of hope, as it eked out a small op
Published 04 Feb, 2013 12:00am
India's Bharti quarterly profit dives, misses estimate

India's Bharti quarterly profit dives, misses estimate

Bharti Airtel, India's top mobile company, reported on February 01, its net quarterly profit plunged by an unexpected 72 percent, hit by punishing price competition and a surge in interest charges.
Published 04 Feb, 2013 12:00am
Yoga may help people with irregular heart rhythms

Yoga may help people with irregular heart rhythms

The health benefits of yoga are said to be legion, everything from stress busting to lowering fat and stimulating the immune system. Now it may also help people with a common heart rhythm problem - at least, according to a US study.
Published 04 Feb, 2013 12:00am
Vegetarians may have lower risk of heart disease

Vegetarians may have lower risk of heart disease

In yet more evidence that avoiding meat is good for the health, a UK study has found that vegetarians are one-third less likely to be hospitalised or die from heart disease than meat and fish eaters.
Published 04 Feb, 2013 12:00am
Car commuters gain more weight, even if they exercise

Car commuters gain more weight, even if they exercise

People who drive to work every day are packing on slightly more weight than their colleagues who use trains, buses and bicycles to get to work, even if they exercise in their spare time, according to an Australian study.
Published 04 Feb, 2013 12:00am
Study pinpoints brain's addiction spots

Study pinpoints brain's addiction spots

A smoker's craving to light up can be tamed by carefully targeted magnetic fields applied to the brain, a senior researcher from a Japanese-Canadian team said on February 06. Scientists managed to zoom in on the exact spots that drive the need for nicotin
Published 04 Feb, 2013 12:00am
Nearby lightning may be linked to migraines

Nearby lightning may be linked to migraines

Weather has long been considered one of many potential migraine triggers, but a US study now links lightning, specifically, to the onset of the severe headaches that plague millions.
Published 04 Feb, 2013 12:00am
Erectile dysfunction signals heart troubles: study

Erectile dysfunction signals heart troubles: study

Erectile dysfunction might signal more than a need for the little purple pill, researchers said in a study showing a link with heart disease and early death. The Australian study - the world's largest investigating links between erection problems and hear
Published 04 Feb, 2013 12:00am
Antibiotics boost power of malnutrition cure: study

Antibiotics boost power of malnutrition cure: study

Adding a low-cost antibiotic to dietary treatments could help save many children with acute malnutrition, according to new research in New England Journal of Medicine. Researchers from the Washington University in Saint Louis medical school followed the t
Published 04 Feb, 2013 12:00am
Kirilenko beats Lisicki to win Pattaya Open

Kirilenko beats Lisicki to win Pattaya Open

Maria Kirilenko defeated Germany's Sabine Lisicki 5-7, 6-1, 7-6 (7-1) to claim the Pattaya Open title in a tension-filled final on Sunday. The Russian number two seed took the title in two hours 37 minutes at the end of a fluctuating final set during whic
Published 04 Feb, 2013 12:00am
Doctor among six killed in Karachi violence

Doctor among six killed in Karachi violence

At least six persons, including a well-known doctor Ismail Surya, were killed in various incidents of violence in the city, police and rescue sources said on Sunday. Dr Ismail Surya was shot dead in Hussainabad area late Saturday night.
Published 04 Feb, 2013 12:00am
Pakistan fines Afghan traders $50 million: ACCI

Pakistan fines Afghan traders $50 million: ACCI

Pakistan has fined Afghan traders a total of $50 million over the past three months for containers stuck up at Karachi port, office-bearers of Afghanistan Chamber of Commerce and Industries (ACCI) said. They said that Pakistani authorities had detained co
Published 04 Feb, 2013 12:00am
73 suspects arrested

73 suspects arrested

City police on Sunday arrested 73 suspects allegedly involve in different criminal activities during different raids in various parts of city. The Sharafi Goth police arrested 18 accused including seven robbers namely Qamar, Salman, Rahmat Ali, Ahmed Khan
Published 04 Feb, 2013 12:00am
Three injured in firecracker blast

Three injured in firecracker blast

At least three persons were injured in a firecracker blast near Sadequain Marriage Lawn at NIPA roundabout in the limits of Gulshan-e-Iqbal police station. According to police, unknown armed threw a cracker near NIPA Chowrangi which left Abdul Razaq, Moha
Published 04 Feb, 2013 12:00am
Nadal shrugs off talk of return to number one

Nadal shrugs off talk of return to number one

Rafael Nadal shrugged off talk of reclaiming the world number one spot on Saturday as the 11-time Grand Slam title winner prepared to return after a seven-month injury lay-off. Nadal, now at five in the world after not having played since his shock second
Published 04 Feb, 2013 12:00am
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