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Print - 2013-05-09
EU agrees China solar panel duties in boldest move yet

EU agrees China solar panel duties in boldest move yet

The European Commission agreed on Wednesday to impose punitive import duties on solar panels from China in a move to guard against what it sees as Chinese dumping of cheap goods in Europe. EU commissioners backed EU Trade Chief Karel De Gucht's proposal t
Published 09 May, 2013 12:00am
AngloGold Ashanti appoints new CEO

AngloGold Ashanti appoints new CEO

The world's third largest gold producer AngloGold Ashanti has appointed Srinivasan Venkatakrishnan as its new chief executive, the company announced Wednesday. Venkatakrishnan, also known as Venkat, had been the South African company's chief financial off
Published 09 May, 2013 12:00am
Bangladesh shuts 18 garment factories

Bangladesh shuts 18 garment factories

Bangladesh has shut down 18 garment plants in an attempt to prevent a repeat of last month's factory collapse outside Dhaka, where the death toll passed 800 Wednesday, with rescuers pulling dozens more bodies from the rubble. The announcement of the closu
Published 09 May, 2013 12:00am
UAE central bank shuts two money exchange firms

UAE central bank shuts two money exchange firms

The United Arab Emirates, a major financial hub in the Middle East, has revoked the licences of two money exchange companies for non-compliance with regulations including rules against money laundering, the central bank said on Wednesday. The companies we
Published 09 May, 2013 12:00am
Rare wobble for StanChart as profits fall, bad debts rise

Rare wobble for StanChart as profits fall, bad debts rise

Standard Chartered Plc said it could miss its revenue target for the year after an increase in bad debts and a flood of cheap money into Asia hit first-quarter earnings, sending its shares down 5 percent. The Asia-focused British lender said it was still
Published 09 May, 2013 12:00am
Rare wobble for StanChart as profits fall, bad debts rise

Rare wobble for StanChart as profits fall, bad debts rise

Standard Chartered Plc said it could miss its revenue target for the year after an increase in bad debts and a flood of cheap money into Asia hit first-quarter earnings, sending its shares down 5 percent. The Asia-focused British lender said it was still
Published 09 May, 2013 12:00am
Indian banks suspend staff in money laundering probe

Indian banks suspend staff in money laundering probe

Leading Indian banks have suspended staff on government orders after a media sting operation revealed suspected money laundering at more than 20 financial institutions, reports said Wednesday. Indian news outlet Cobrapost made the allegations on Monday ba
Published 09 May, 2013 12:00am
AOL shares sink as its websites still lose money

AOL shares sink as its websites still lose money

AOL Inc shares tumbled 10 percent on Wednesday after it posted another loss in its content group, reviving concerns that the company's profits were still mostly coming from a shrinking dial-up platform. The stock's plunge was the second-worst decline in 1
Published 09 May, 2013 12:00am
AOL shares sink as its websites still lose money

AOL shares sink as its websites still lose money

AOL Inc shares tumbled 10 percent on Wednesday after it posted another loss in its content group, reviving concerns that the company's profits were still mostly coming from a shrinking dial-up platform. The stock's plunge was the second-worst decline in 1
Published 09 May, 2013 12:00am
Egypt's foreign reserves jump

Egypt's foreign reserves jump

Egypt's foreign currency reserves jumped by $1 billion to $14.43 billion in April, helped by a large deposit from Libya that analysts said would not resolve a currency crisis. Since a popular uprising that ousted Hosni Mubarak in early 2011, Cairo has run
Published 09 May, 2013 12:00am
Azerbaijan, IUCPSS sign MoU to set up 'Heydar Aliyev Corners'

Azerbaijan, IUCPSS sign MoU to set up 'Heydar Aliyev Corners'

The universities associated with Inter University Consortium for Promotion of Social Sciences (IUCPSS) will have "Heydar Aliyev Corners" on the name of National Leader of Azerbaijan according to the MoU singed between Embassy of Azerbaijan and IUCPSS in a
Published 09 May, 2013 12:00am
Plan to blow up PTI, PML-N offices thwarted

Plan to blow up PTI, PML-N offices thwarted

Law enforcement agencies thwarted a bid to blow up election offices of Pakistan Tehreek-e-Insaf (PTI) and Pakistan Muslim League-Nawaz (PML-N) on Wednesday. According to reports, explosive material was separately placed near the offices of PTI and PML-N.
Published 09 May, 2013 12:00am
Notices issued: petition accepted for hearing

Notices issued: petition accepted for hearing

The Supreme Court on Wednesday accepted for hearing a constitutional petition moved by Orya Maqbool Abbasi, a columnist and former bureaucrat, and issued notices to respondents, including Chairman Federal Public Service Commission and Secretary Establishm
Published 09 May, 2013 12:00am
Special Appellate Court: Prime Minister approves judges' appointments

Special Appellate Court: Prime Minister approves judges' appointments

On the recommendation of Chief Justices, Lahore High Court and Peshawar High Court, and proposal of Law and Justice Division, Prime Minister former Justice Mir Hazar Khan Khoso has approved the following appointments. Justice Sh Najam-Ul-Hasan, Judge of L
Published 09 May, 2013 12:00am
Alternative energy projects: minister asks AEDB to complete procedure

Alternative energy projects: minister asks AEDB to complete procedure

Federal Minister for Water and Power, Dr Musadik Malik, has said that the matters related to alternative energy projects should be finalised as early as possible so that the projects completed without any further delay. He made these directions while pres
Published 09 May, 2013 12:00am
JUI-F activists protest Kurram Agency attack

JUI-F activists protest Kurram Agency attack

Activists of Jamiat-e-Ulema Islam-Fazl on Wednesday staged a protest demonstration against the attack on the party rally in Kurram Agency, demanding for immediate inquiry of the incident. The rally was spearheaded by Maulana Imadadullah along with dozens
Published 09 May, 2013 12:00am
Nargis Sethi, Shafqat Naghmi de-notified

Nargis Sethi, Shafqat Naghmi de-notified

Prime Minister former Justice Mir Hazar Khan Khoso has directed the Ministry of Capital Administration and Development to de-notify Nargis Sethi as Administrator Islamabad Club. He has also directed the de-notification of Shafqat Naghmi as President Golf
Published 09 May, 2013 12:00am
War affectees: Supreme Court asks OPF to file report

War affectees: Supreme Court asks OPF to file report

The Supreme Court on Wednesday sought a detailed report from the Overseas Pakistanis Foundation (OPF) on the compensation paid to the affectees of Iraq-Kuwait war. A three-member bench headed by Chief Justice Iftikhar Muhammad Chaudhry noted that the comp
Published 09 May, 2013 12:00am
ECP moved against conduct of Punjab Additional CS

ECP moved against conduct of Punjab Additional CS

Pakistan Muslim League-Nawaz (PML-N) has lodged a complaint with Election Commission of Pakistan (ECP) about the conduct of Punjab Additional Chief Secretary Rao Iftikhar Ahmed during the run-up to general elections. In a letter to ECP, PML-N leader Senat
Published 09 May, 2013 12:00am
US to continue support to agriculture sector: Olson

US to continue support to agriculture sector: Olson

US Ambassador Richard Olson on Wednesday reaffirmed the United States government's long-term support to farming communities in Pakistan. "Since the 1950s, the United States has been working to support agriculture in Pakistan, introducing the Kinnow orange
Published 09 May, 2013 12:00am
CNG stations to remain open today

CNG stations to remain open today

SSGC's management has decided to withdraw the closure notice of CNG shut down for Thursday (May 09, 2013). Now there will be no Shut down of CNG stations in Sindh on the respective date, as announced earlier. SSGC has already announced not to observe the
Published 09 May, 2013 12:00am
UN chief condemns killing of Pakistani peacekeeper in Congo

UN chief condemns killing of Pakistani peacekeeper in Congo

UN Secretary-General Ban Ki-moon has strongly condemned the killing of a Pakistani peacekeeper serving the UN mission in the Democratic Republic of Congo. A statement issued late on Tuesday by the Secretary-General's Spokesman Martin Nesirky said the peac
Published 09 May, 2013 12:00am
PTCL organises fun gala

PTCL organises fun gala

Pakistan Telecommunication Company Limited (PTCL) organised an exhilarating fun gala entitled "PTCL's Got Talent" a talent show for employees and their families. It entailed competitions of on-stage performances and alluring non-performing arts by talente
Published 09 May, 2013 12:00am
OMD World-wide ranked top global media network

OMD World-wide ranked top global media network

RECMA has ranked OMD World-wide the number one global media network in its 12th annual Compitches Report which evaluates the competitive pitch success rate of all global media agencies across 46 countries. Earlier in January, OMD earned its third consecut
Published 09 May, 2013 12:00am
SHC halts EOBI chairman's transfer

SHC halts EOBI chairman's transfer

A Division Bench of the Sindh High Court (SHC) on Wednesday issued a stay order on a petition filed against the transfer of the Chairman of EOBI, Zafar Iqbal Gondal, till the next hearing of the case. The division bench included Justice Faisal Arab and Ju
Published 09 May, 2013 12:00am
Barozai meets Zardari

Barozai meets Zardari

Balochistan Chief Minister Nawab Ghaus Baksh Barozai called on President Asif Ali Zardari on Wednesday and discussed security arrangements in the province for holding elections. In a meeting held at Bilawal House, the law and order situation in the provin
Published 09 May, 2013 12:00am
Many journalists won't vote!

Many journalists won't vote!

Over 2,000 journalists working in various media houses in Islamabad and Rawalpindi will not be able to cast their votes in their ancestral areas due to their duties on election's day. The journalists, who belong to various parts of the country, have deman
Published 09 May, 2013 12:00am
Samsung, Baz Luhrmann announce partnership

Samsung, Baz Luhrmann announce partnership

Samsung Electronics Co Ltd, a global leader in digital media and digital convergence technologies, and film visionary Baz Luhrmann, recently announced a partnership created to bring passion to life through innovation and technology. At the onset of this p
Published 09 May, 2013 12:00am
Director International Trade UK visits KCCI

Director International Trade UK visits KCCI

"Pakistan is the most promising land in the region for the fresh British investment as many British corporations are operating successfully and expanding their businesses across Pakistan and beyond. The British companies in Pakistan are enjoying profitabl
Published 09 May, 2013 12:00am
NSUSC elects six independent directors

NSUSC elects six independent directors

The Board of Directors North Sindh Urban Services Corporation Sukkur (NSUSC) in its meeting held on May 07, elected 06 independent Directors. Pursuant to Section 178(4) of the Companies Ordinance 1984, 06 independent directors offered themselves for elect
Published 09 May, 2013 12:00am
i2c tops $1 billion in annual payment processing volume in LAC region

i2c tops $1 billion in annual payment processing volume in LAC region

i2c, Inc, a Silicon Valley-based provider of cloud payment processing and emerging commerce solutions, on Tuesday announced that it has processed more than $1 billion in payments on cards issued by partner banks in the Latin America and Caribbean (LAC) re
Published 09 May, 2013 12:00am
Sanitary workers go on strike: Citizens irked by heaps of garbage

Sanitary workers go on strike: Citizens irked by heaps of garbage

Zulfiqar Ali Chohan Chairman Local Bodies, Municipal Affairs HDA and Sindh Building Control Authority of the Hyderabad Chamber of Commerce and Industry in a press statement expressed his concern over a call of strike by the employees of Water and Sanitati
Published 09 May, 2013 12:00am
New Sabzi Mandi: Land mafia active to grab control of market committee

New Sabzi Mandi: Land mafia active to grab control of market committee

Land mafia has become active to clandestinely grab control of new Sabzi Mandi market committee. The perpetrators, right now are engaged in endeavours to block the induction of genuine representatives of traders and farmers who are the real stakeholders.
Published 09 May, 2013 12:00am
NA-46: EC urged to shift polling stations to peaceful areas

NA-46: EC urged to shift polling stations to peaceful areas

A candidate of Jamiate Ulema Islam contesting election from NA-46, Haji Shamsuddin expressed concerns over establishment of polling stations for conflicted hit people of Tirah Valley in far-flung areas, demanding the Election Commission to set-up polling
Published 09 May, 2013 12:00am
NA-49: PML-N candidate leading election race

NA-49: PML-N candidate leading election race

Pakistan Muslim League-N candidate Dr Tariq Fazal Chaudhary is leading the election race for NA-49 from Federal Capital as the Jiyalas do not appear to have accepted Mustafa Nawaz Khokhar in the PPP. Mustafa Nawaz Khokhar who contested 2008 elections on P
Published 09 May, 2013 12:00am
PTI's absence to benefit PML-N candidates

PTI's absence to benefit PML-N candidates

Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan's inability to hold a political gathering in Rawalpindi on the last day designated for election campaigns may benefit Pakistan Muslim League-Nawaz (PML-N) candidates in NA-55 and NA-56.
Published 09 May, 2013 12:00am
Where is Zardari?

Where is Zardari?

Asif Ali Zardari has been invisible on the election campaign and presides over a ruling party in crisis. His Pakistan People's Party (PPP) has been rudderless ahead of Saturday's vote. Zardari's government is the first in Pakistan to complete a full five-
Published 09 May, 2013 12:00am
NA-45: more security steps in tribal region sought

NA-45: more security steps in tribal region sought

Expressing dissatisfaction over the security arrangements for elections, Noorul Haq Qadari, an independent candidate from NA-45, demanded the government and Election Commission to take further steps for ensuring free, fair and peaceful election. Addressin
Published 09 May, 2013 12:00am
Overseas Pakistanis want 'new faces' in power

Overseas Pakistanis want 'new faces' in power

As the day of general elections is approaching, the level of agitation among overseas Pakistanis is escalating. They consider Saturday's elections as a significant step for the future of democracy in Pakistan and want new faces in power. The Pakistani com
Published 09 May, 2013 12:00am
NA-105 Gujrat: neck and neck fight expected between PML-Q and PML-N

NA-105 Gujrat: neck and neck fight expected between PML-Q and PML-N

A tough competition is expected between Chaudhry Pervez Elahi of PML-Q and PML-N candidate Chaudhry Mubashir Hussain on a National Assembly seat - NA-105 in home constituency of Chaudhrys of Gujrat while for two provincial seats - PP-110 and PP-111 - the
Published 09 May, 2013 12:00am
Rural Sindh: personalities count in election race

Rural Sindh: personalities count in election race

Tribal and feudal aristocrats still hold sway over the rural population of Sindh which continues to live in subjugation without benefiting from the democratic dispensation. For the uneducated tillers, party or no party, it is the local chieftain who matte
Published 09 May, 2013 12:00am
Exporters urged to take advantage of tariff cut in Canada

Exporters urged to take advantage of tariff cut in Canada

Canadian High Commissioner to Pakistan Greg Giokas said that Canada had good bilateral trade relations with Pakistan and there was a great potential to extend co-operation in different sectors. He urged Pakistani exporters to take advantage of the tariff
Published 09 May, 2013 12:00am
Imran to address Islamabad rally today: Qureshi

Imran to address Islamabad rally today: Qureshi

Pakistan Tehrik-e-Insaf (PTI) Vice Chairman Shah Mahmood Qureshi disclosed that the party's public gathering in Islamabad will be held as per schedule on Thursday (today) and PTI Chairman Imran will address the people. He was addressing a press conference
Published 09 May, 2013 12:00am
Special prayers for Imran held

Special prayers for Imran held

Special prayers were held at Pakistan Tahrik-e-Insaf (PTI) Upper Mall office for early recovery of party chairman Imran Khan on Wednesday. The party workers in large number were present, while Abdul Aleem Khan also attended it. PTI Women Wing also arrange
Published 09 May, 2013 12:00am
Sports fraternity wishes Imran quick recovery

Sports fraternity wishes Imran quick recovery

Cricket and sports fraternity in Pakistan and across the world on Wednesday wished Imran Khan quick recovery after he fell down from a lifter in Lahore when he was about to address a public meeting. Even former West Indies captain and batsman Brian Lara w
Published 09 May, 2013 12:00am
PHMA prepares budget proposals

PHMA prepares budget proposals

The Pakistan Hardware Merchants Association, PHMA, (Northern Zone) in its Executive Committee Meeting held at its zonal office, presided by the Association Chairman Engr. Sajjad Afzal Sheikh on Budget Proposals for Financial Year 2013-2014.
Published 09 May, 2013 12:00am
PHMA prepares budget proposals

PHMA prepares budget proposals

The Pakistan Hardware Merchants Association, PHMA, (Northern Zone) in its Executive Committee Meeting held at its zonal office, presided by the Association Chairman Engr. Sajjad Afzal Sheikh on Budget Proposals for Financial Year 2013-2014.
Published 09 May, 2013 12:00am
Motorbike assemblers delaying payments to vendors: PAAPAM

Motorbike assemblers delaying payments to vendors: PAAPAM

When the automotive parts industry is already under financial burden due to liquidity crunch amidst adverse policies, lack of export incentives, non-availability of credit and absence of utility services, the motorbike assemblers have started to delay pay
Published 09 May, 2013 12:00am
Election Day: there will be no industrial activity from tomorrow

Election Day: there will be no industrial activity from tomorrow

District load management committee has decided that all the big and small industrial units would voluntarily close down their factories from Friday, May 10 (2pm till 6am till May 12) to ensure uninterrupted supply of electricity on Polling Day.
Published 09 May, 2013 12:00am
NA-241: right-wing groups pose stiff challenge to MQM, ANP

NA-241: right-wing groups pose stiff challenge to MQM, ANP

NA-241 (Karachi-III) is in the grips of militants and hounded by ethnic strife, where Taliban launched a number of attacks on electoral campaigns of various political parties. This constituency encompasses areas of District West, including Metroville, Mas
Published 09 May, 2013 12:00am
FWBL holds certificate distribution ceremony

FWBL holds certificate distribution ceremony

Anis Haroon, Minster for Women Development & Human Rights Government of Sindh lauded the role of the First Women Bank in Women's economic empowerment by helping them to promote their skills and talents. Addressing the certificate distribution ceremony for
Published 09 May, 2013 12:00am
Commercial basis: 'units should be allowed to sell power'

Commercial basis: 'units should be allowed to sell power'

Senior Vice Chairman, Site Association of Industry (SAI), Naseem Anwar has suggested that industrial units having captive power generation should be allowed to sell electricity on commercial basis.
Published 09 May, 2013 12:00am
Wheat grain prices reach Rs 3,200 per 100-kg bag

Wheat grain prices reach Rs 3,200 per 100-kg bag

The prices of wheat grain continue to move upward and reached Rs 3,200 per 100-kilograms bag in the domestic market due to buying by the market movers and hoarders. Market sources told Business Recorder on Wednesday that despite inter district ban
Published 09 May, 2013 12:00am
Prime Minister phones chief minister Balochistan

Prime Minister phones chief minister Balochistan

Prime Minister former Justice Mir Hazar Khan Khoso Wednesday made telephonic contact with Chief Minister Balochistan, Nawab Ghaus Bakhsh Barozai and discussed with him arrangements made for general elections in the province. The prime minister expressed s
Published 09 May, 2013 12:00am
Clash with militants claims two security personnel's lives

Clash with militants claims two security personnel's lives

At least two security officials on Wednesday killed in a clash with the militants in Rashid Garih area. The terrorists, hiding in a house, also threw hand-grenades on the security personnel. The exchange of fire was continuing till the filing of this repo
Published 09 May, 2013 12:00am
Former army officer recovered from kidnappers

Former army officer recovered from kidnappers

National Highway and Motorway Police (NH&MP) on Wednesday recovered a former army officer who was kidnapped from Pindi Bhatian NH&MP's spokesperson Javed Chaudhry said that Brigadier Tariq Azaz (Retd) was kidnapped from Pindi Bhatian. The Motorway Police
Published 09 May, 2013 12:00am
Thalassaemia Ordinance promulgated in Sindh

Thalassaemia Ordinance promulgated in Sindh

Governor of Sindh Dr Ishratul Ebad Khan promulgated the Sindh Prevention and Control of Thalassemia Ordinance, 2013 at a ceremony held at the Governor House on International Thalassemia Day. This was stated by Mehmood Yousuf Mandviwalla, Minister of Law w
Published 09 May, 2013 12:00am
Thalassaemia Ordinance promulgated in Sindh

Thalassaemia Ordinance promulgated in Sindh

Governor of Sindh Dr Ishratul Ebad Khan promulgated the Sindh Prevention and Control of Thalassemia Ordinance, 2013 at a ceremony held at the Governor House on International Thalassemia Day. This was stated by Mehmood Yousuf Mandviwalla, Minister of Law w
Published 09 May, 2013 12:00am
KESC, Sindh Engro sign accord on 600 megawatts Thar coal project

KESC, Sindh Engro sign accord on 600 megawatts Thar coal project

Karachi Electric Supply Company (KESC) has signed a memorandum of understanding with Sindh Engro Coal Mining Company (SECMC) to jointly pursue a generation project of up to 600 megawatts electricity as a mark of co-operation between the two companies on d
Published 09 May, 2013 12:00am
Gunmen target PML-N candidate in Jhal Magsi

Gunmen target PML-N candidate in Jhal Magsi

Unknown assailants targeted the election convoy of Amir Aziz Kurd, the Pakistan Muslim League-Nawaz (PML-N) candidate for NA-267, in Balochistan's Jhal Magsi region on Wednesday. Kurd was travelling in Jhal Magsi when gunmen opened fire on his convoy near
Published 09 May, 2013 12:00am
HTC, Mobilink jointly launch 'Butterfly'

HTC, Mobilink jointly launch 'Butterfly'

HTC, in collaboration with Mobilink, has launched the android smart phone "Butterfly". Butterfly will be distributed to market by Brigthex. Consumers will be able to enjoy various add-on provided by Mobilink, including a 30 days exclusive bundle,1 GB inte
Published 09 May, 2013 12:00am
Ahmed Ali achieves highest marks in ACCA exam worldwide

Ahmed Ali achieves highest marks in ACCA exam worldwide

Ahmed Ali has achieved the highest marks in the Association of Chartered Certified Accountants (ACCA) professional exam world-wide for paper F9, with a score of 94. ACCA is the global body for professional accountants. It offers business-relevant, first-c
Published 09 May, 2013 12:00am
Germany's biggest neo-Nazi trial opens

Germany's biggest neo-Nazi trial opens

The biggest trial to focus on far-right extremism in Germany since World War II opened Monday, with five defendants in the dock for a string of racially motivated murders over seven years. The case centres around Beate Zschaepe and the neo-Nazi group she
Published 09 May, 2013 12:00am
Nobody is complacent

Nobody is complacent

It is extremely difficult, if not impossible, for any major party to suspend its election campaign in the final hours of contest. That nobody can be complacent is a strong reality that has found its best expression in a video-message released by PTI chief
Published 09 May, 2013 12:00am
Libya in crisis as militias hold state hostage

Libya in crisis as militias hold state hostage

The Libyan militiamen who have besieged two ministries in Tripoli for more than a week appear determined to press their protests to squeeze more concessions from the government, analysts say. Initially these armed groups called for the adoption of a law t
Published 09 May, 2013 12:00am
Electoral violence

Electoral violence

The last four months have been the bloodiest in our violence-ridden country's political arena. According to a report prepared by the Centre for Research and Security Studies, as many as 2,674 people, 1,542 of them civilians, have been killed and another 2
Published 09 May, 2013 12:00am
Imran Khan's fall and rise

Imran Khan's fall and rise

If Imran's rallies are generally well-attended they are mostly mismanaged also. His fall from the forklift in Lahore on Tuesday evening causing him not-so-light injuries was very much avoidable. But it did happen essentially because the whole idea to lift
Published 09 May, 2013 12:00am
Domestic debt

Domestic debt

According to a Business Recorder exclusive, rising fiscal deficit due to higher than budgeted allocations for current expenditure notably power sector subsidies and a shortfall in the budgeted tax collections as well as from external inflows accoun
Published 09 May, 2013 12:00am
Six killed after ship hits tower in Italian port

Six killed after ship hits tower in Italian port

Seven people were killed and two were missing after a container ship crashed into a concrete control tower in the northern Italian port of Genoa, rescuers said on Wednesday. The tower, which was 50 metres (160 feet) high and looked much like those at airp
Published 09 May, 2013 12:00am
Kurdish rebels begin pullout from Turkey

Kurdish rebels begin pullout from Turkey

Kurdish fighters have begun withdrawing from Turkey into their stronghold in Iraq, Kurdish sources said Wednesday, in a major step towards ending a decades-long conflict that has killed tens of thousands of people. The pullout is the first visible sign th
Published 09 May, 2013 12:00am
Architect of Putin's political system dismissed

Architect of Putin's political system dismissed

Russian President Vladimir Putin on Wednesday dismissed his influential deputy prime minister Vladislav Surkov credited with designing the country's tightly-controlled political system. Surkov had left his post voluntarily, the Kremlin said in a statement
Published 09 May, 2013 12:00am
US, Russia seek new Syria peace talks; rebels skeptical

US, Russia seek new Syria peace talks; rebels skeptical

Russia and the United States agreed to seek new peace talks with both sides to end Syria's civil war, but opposition leaders were sceptical on Wednesday of an initiative they fear might let President Bashar al-Assad hang on to power. Mindful the conflict
Published 09 May, 2013 12:00am
Thousands rally against Malaysian election result

Thousands rally against Malaysian election result

Thousands of Malaysians dressed in mourning black gathered Wednesday to denounce elections, which they claim were stolen through fraud by the coalition that has ruled for 56 years. The rally was called by opposition leader Anwar Ibrahim, who has vowed a "
Published 09 May, 2013 12:00am
Mass arrests over $50 million Belgium diamond heist

Mass arrests over $50 million Belgium diamond heist

Police in Belgium, France and Switzerland have arrested 33 people and recovered "a large quantity" of diamonds and cash in a joint probe into a spectacular $50-million diamond heist at Brussels airport. The Belgian prosecutor's office Wednesday said a sus
Published 09 May, 2013 12:00am
France reports first case of deadly Sars-like virus

France reports first case of deadly Sars-like virus

France's health ministry on Wednesday reported the country's first case of a new Sars-like virus that has so far killed 18 people, mostly in Saudi Arabia. A 65-year-old man who came back to France from a holiday in Dubai was diagnosed with the deadly nove
Published 09 May, 2013 12:00am
Netanyahu meets Chinese premier in Beijing

Netanyahu meets Chinese premier in Beijing

Israel's Prime Minister Benjamin Netanyahu met Chinese Premier Li Keqiang in Beijing on Wednesday, where the two witnessed the signing of a series of trade and cultural deals. Netanyahu's arrival on a five-day trip to China overlapped with a journey by Pa
Published 09 May, 2013 12:00am
Six killed in separate incidents in Karachi

Six killed in separate incidents in Karachi

At least six people were killed in different incidents of violence in the city here on Wednesday, police and rescue sources said. In the first incident, a PQR personnel was shot dead in Frontier Colony in the limits of Pirabad police station. Police said
Published 09 May, 2013 12:00am
Minister visits KMC Command and Control Centre

Minister visits KMC Command and Control Centre

Sindh Caretaker Minister for Local Government, Muhammad Jaffer Khawaja on Wednesday said the Command and Control Centre installed at the Karachi Metropolitan Corporation should be used for release of information from the election complaint cell being esta
Published 09 May, 2013 12:00am
System upgradation: MoU with foreign IT companies likely: minister

System upgradation: MoU with foreign IT companies likely: minister

Caretaker Minister for IT, Mian Zahid Hussain on Wednesday said that Sindh govt may sign a Memorandum of Understanding (MoU) with foreign IT companies to replace obsolete systems in various government departments. Addressing a dinner reception hosted by C
Published 09 May, 2013 12:00am
Naya Pakistan: Building a Pakistani nation

Naya Pakistan: Building a Pakistani nation

Over sixty five years after Pakistan came into being, we are a state with a fading sense of the nationhood that inspired the Muslims of the subcontinent to rally behind Jinnah in the struggle for Pakistan. Jinnah's Pakistan, an exciting vision of a vibran
Published 09 May, 2013 12:00am
Nabeel yet to make an appearance in Lyari

Nabeel yet to make an appearance in Lyari

MQM's stalwart Nabeel Gabol, is yet to make an appearance before his electorate in NA-248 after his former constituency became a 'No-Go' area for him. Citing security concerns, Nabeel Gabol told this correspondent on Wednesday: "My party [MQM] has also ad
Published 09 May, 2013 12:00am
NA-55 to witness tough fight between Rashid, Awan

NA-55 to witness tough fight between Rashid, Awan

The Awami Muslim League (AML) chief Sheikh Rashid Ahmad is all set to show his strength at Liaqat Bagh on Thursday (today), as tough competition is expected between him and Pakistan Muslim League-Nawaz (PML-N) Malik Shakil Awan in NA-55, Rawalpindi.
Published 09 May, 2013 12:00am
NA-48: JI & PML-N candidates real contestants

NA-48: JI & PML-N candidates real contestants

With polling two days away, candidate of Pakistan People's Party (PPP) and Jamaat-i-Islami (JI) were reaching out to the voters whereas Pakistan Tehrik-e-Insaaf and Pakistan Muslim League-Nawaz (PML-N) did not actively canvass for votes in the constituenc
Published 09 May, 2013 12:00am
PML-N faces stiff challenge from PPPP, PTI on NA-54

PML-N faces stiff challenge from PPPP, PTI on NA-54

Pakistan Muslim League (PML-N) is facing a stiff competition from Pakistan People's Party Parliamentarians (PPPP) on National Assembly (NA) seat NA 54 Rawalpindi unlike on 6 other NA seats from garrison city of Pakistan where it has a neck-and-neck compet
Published 09 May, 2013 12:00am
Split mandate won't augur well: Shahbaz

Split mandate won't augur well: Shahbaz

Pakistan Muslim League-Nawaz (PML-N) senior leader and former Punjab Chief Minister Shahbaz Sharif has sought "decisive approach" from voters on May 11, saying that split mandate would not be beneficial for the country as well as countrymen. While address
Published 09 May, 2013 12:00am
Tri-Pack Films Limited

Tri-Pack Films Limited

Tri-Pack Films Limited (Tri-Pack) is the leading manufacturer of packaging films used in fast moving consumer goods and other products. Tri-Pack was incorporated in 1993, after a joint venture between Mitsubishi Corporation of Japan and Packages Limited o
Published 09 May, 2013 12:00am
Tri-Pack Films Limited

Tri-Pack Films Limited

Tri-Pack Films Limited (Tri-Pack) is the leading manufacturer of packaging films used in fast moving consumer goods and other products. Tri-Pack was incorporated in 1993, after a joint venture between Mitsubishi Corporation of Japan and Packages Limited o
Published 09 May, 2013 12:00am
ICE cotton ends mostly lower

ICE cotton ends mostly lower

Most ICE cotton contracts ended Tuesday with modest losses, as participants prepared for the Department of Agriculture's first US supply estimates of the coming crop year, which many analysts expect will be hefty though lower than current yields. But extr
Published 09 May, 2013 12:00am
Shanghai copper rises

Shanghai copper rises

The most-traded September copper contract on the Shanghai Futures Exchange closed 0.7 percent higher at 53,050 yuan a tonne on Wednesday. Copper has lost 12 percent since hitting $8,346 a tonne in early February. Last month, the metal hit its lowest in a
Published 09 May, 2013 12:00am
Copper gains

Copper gains

Copper prices rose to their highest level in more than three weeks on Wednesday, as strong trade data from top consumer China fuelled hopes of demand revival, although uncertainty about global economic growth kept gains in check. Three-month copper on the
Published 09 May, 2013 12:00am
Brent oil slips

Brent oil slips

Brent crude oil slipped below $104 a barrel on Wednesday as US crude prices remained steady, further widening the spread between the two grades of crude. The spread between the front-month Brent crude oil contract and US crude oil futures narrowed to a lo
Published 09 May, 2013 12:00am
Tokyo rubber surges

Tokyo rubber surges

Tokyo rubber futures ended 2 percent higher on Wednesday on the back of brighter Chinese data and rising stocks, but the upside was still limited by profit-taking, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for October del
Published 09 May, 2013 12:00am
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