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
We are celebrating our 65th Independence day today, 4th of February 2013, at a time when Sri Lanka has entered into a new phase of development. Under the dynamic leadership of His Excellency Mahinda Rajapaksa, the President of the Democratic Socialist Rep
It is with great expectation that we look forward to celebrate the 65th Anniversary of Independence on 04th of February 2013. On this occasion I would like to extend the government and people of the Islamic Republic of Pakistan, greeting and best wishes o
Today, we celebrate Sri Lanka's 65th National Day with the realisation of a sustainable peace supplemented by comprehensive economic and social development programs benefiting the people in all parts of our motherland.
Sri Lanka's 65th Anniversary of Independence which falls on 4th of February, 2013 brings utmost pride and happiness to all Sri Lankans. During the past six decades the country's advancement in the socio economic field had been phenomenal.
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.
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
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.
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.
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
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
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
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
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
The Federal Board of Revenue (FBR) is suffering revenue loss of billions of rupees per year following increased quantity of commercial imports of palm oil under the garb of industrial import to avoid payment of 5 percent withholding tax by importers-cum-m
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
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
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.
All air-conditioned restaurants will now have to be registered with Sindh Revenue Board (SRB) and their owners or proprietors will have to pay Sales Tax on Services (SToS) to provincial government, according to amendments made in the Sindh Sales Tax on Se
Renowned journalist Ayesha Haroon, 46, died on Saturday night in New York after four-year long fight with cancer. Dr Faisal Bari, her husband, Hassan Haroon and Usman Haroon, her brothers and their mother were by her side when she breathed her last. She w
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.
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
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
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
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
A maiden century from George Bailey and another inspired bowling performance from the emerging Mitchell Starc helped Australia beat the West Indies by 54 runs in the second one-day international at the WACA Ground on Sunday.
Real Madrid's dismal season went from bad to worse when Cristiano Ronaldo scored an own-goal to hand relegation-threatened Granada a shock 1-0 win on Saturday. Real coach Jose Mourinho had already given up winning the league before Christmas and this late
An unbeaten 101-run stand for the fifth wicket between Misbah-ul-Haq and Asad Shafiq kept Pakistan alive in the first test as they reached 183 for four at the close of play on day three against South Africa at the Wanderers.
In a tournament in which he could do no wrong, Stephen Gallacher of Scotland fired a timely eagle two on the par-4 16th hole and comfortably won the $2.5 million Omega Dubai Desert Classic in the end by three shots.
Tottenham Hotspur overcame an injury to Jermain Defoe to win 1-0 at 10-man West Bromwich Albion on Sunday and close to within a point of third-placed Chelsea in the Premier League.
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.
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
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
Doctors may miss some cases of pneumonia if they rely solely on their patient's medical history and symptoms without also taking x-rays, according to a European 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
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.
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
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.
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.
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.
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.
Telecom Italia is not looking to expand in Latin America, but the company does need to strengthen its infrastructure due to growing regional data traffic, chairman Franco Bernabe said.
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
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
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
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.
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.
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
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
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.
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
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"
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
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
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
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
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
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
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.
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
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
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
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
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.
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.
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.
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
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
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.
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.
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
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.
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.
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
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.
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.
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.
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
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
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
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
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
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
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
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
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
Shares in Dubai's Emaar Properties dropped nearly 4 percent on Sunday after its fourth quarter earnings results missed analysts' estimates, dragging down the emirate's bourse from a 37-month peak. Emaar shares fell 3.7 percent but are still up 25 percent