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Nov 21, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-10-31
Palm oil on European vegetable oils market firm

Palm oil on European vegetable oils market firm

Palm oil on the European vegetable oils market firmed on Monday due to a strong Malaysian ringgit and in sympathy with gains in Malaysian palm oil futures, which were supported by fears that rains could disrupt supplies. "The strong ringgit should weigh o
Published 31 Oct, 2013 12:00am
India cuts wheat export floor price to boost shipments

India cuts wheat export floor price to boost shipments

India has cut the floor price for exports of wheat from government warehouses by 13 percent, a government source said on Wednesday, in a move to boost stalled shipments from the world's second-biggest producer of the grain. Higher supplies from India, str
Published 31 Oct, 2013 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 134,644 tonnes of cargo comprising 98,383 tonnes of import cargo and 36,261 tonnes of export cargo including 4,738 loaded and empty containers during the last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 98
Published 31 Oct, 2013 12:00am
US wheat futures close mostly higher

US wheat futures close mostly higher

US wheat futures closed mostly higher on Tuesday, supported by bargain buying after prices fell to their lowest in nearly one month, traders said. Some buyers stepped into the market after the Chicago Board of Trade December soft red winter wheat contract
Published 31 Oct, 2013 12:00am
Oil cake market rates

Oil cake market rates

Steep decline was seen on the forward cottonseeds oilcake market on Wednesday in process of trading, dealers said. The December vaida closed at Rs 953.90 but it opened with a fall of 50 paisa at Rs 953.40 in the morning session, they said. The January con
Published 31 Oct, 2013 12:00am
Cotton market: rates further fall on easy supply

Cotton market: rates further fall on easy supply

In line with the global track, the prices showed further weakness on the cotton market on Wednesday, dealers said. The official spot rate was lower by Rs 100 to Rs 6650. Prices of seed cotton in Sindh per 40 kg low type fell sharply to Rs 1800 and the bes
Published 31 Oct, 2013 12:00am
Japan's factory output rebounds

Japan's factory output rebounds

Japan's factory output rebounded in September to its highest level in nearly one-and-a-half years as robust domestic demand driven by the government's stimulus policies and a looming tax rise compensated for slowing exports to the rest of Asia. The gain r
Published 31 Oct, 2013 12:00am
China GDP figures wrong by $610 billion

China GDP figures wrong by $610 billion

China's economy would be at least 3.7 trillion yuan ($610 billion) bigger than Beijing thinks if the country's local government statistics were to be believed, state media reported Wednesday. The Economic Information Daily tallied up gross domestic produc
Published 31 Oct, 2013 12:00am
WTO finds China's rare earths quota breaks rules

WTO finds China's rare earths quota breaks rules

The World Trade Organisation has concluded that restrictions by China on the export of rare earths are not in line with WTO rules, the Financial Times newspaper reported on Wednesday. The newspaper cited sources in countries which have challenged the Chin
Published 31 Oct, 2013 12:00am
General Motors posts strong profit

General Motors posts strong profit

General Motors Co on Wednesday posted a better-than-expected third-quarter profit as the US automaker's new line-up of pickup trucks and other revamped models boosted North American results, and revenue rose in Europe for the first time in two years.
Published 31 Oct, 2013 12:00am
General Motors posts strong profit

General Motors posts strong profit

General Motors Co on Wednesday posted a better-than-expected third-quarter profit as the US automaker's new line-up of pickup trucks and other revamped models boosted North American results, and revenue rose in Europe for the first time in two years.
Published 31 Oct, 2013 12:00am
Barclays caught in foreign exchange probe, reports profits

Barclays caught in foreign exchange probe, reports profits

Barclays is among companies under investigation for possible manipulation of foreign exchange trading, the British bank said on Wednesday. Barclays, which is still looking to repair its reputation following its role in the Libor interest rate-rigging scan
Published 31 Oct, 2013 12:00am
Barclays caught in foreign exchange probe, reports profits

Barclays caught in foreign exchange probe, reports profits

Barclays is among companies under investigation for possible manipulation of foreign exchange trading, the British bank said on Wednesday. Barclays, which is still looking to repair its reputation following its role in the Libor interest rate-rigging scan
Published 31 Oct, 2013 12:00am
Iraq embraces China's growing oil dominance

Iraq embraces China's growing oil dominance

From the giant southern oilfields to the lively souks of Basra, China is drilling ever deeper into Iraq. Driven by an insatiable thirst for oil, Beijing secured a formidable position in Iraq's prized energy sector through auctions held four years ago. It
Published 31 Oct, 2013 12:00am
ECB sees tentative signs of recovery for euro banks

ECB sees tentative signs of recovery for euro banks

Europe's battered financial sector is showing tentative signs of healing, even if it is still too early to sound the all-clear, a key ECB survey showed on Wednesday. Banks are about to ease up on credit conditions and increase the availability of loans fo
Published 31 Oct, 2013 12:00am
India's Infosys settles US visa probe for $34 million

India's Infosys settles US visa probe for $34 million

Indian outsourcing giant Infosys said Wednesday it would pay $34 million to the US government to settle an investigation into alleged visa fraud by the company. The group has been probed by the Department of Homeland Security and the State Department over
Published 31 Oct, 2013 12:00am
Eurozone confidence picks up

Eurozone confidence picks up

The 17-nation eurozone economy continues to make progress, official data showed Wednesday, but a modest recovery shows signs of slowing and the outlook is mixed. The European Commission said its Economic Sentiment Indicator (ESI), a measure of overall con
Published 31 Oct, 2013 12:00am
US private hiring slows, inflation stays muted

US private hiring slows, inflation stays muted

US private-sector employers hired the fewest workers in six months in October while tepid domestic demand kept inflation benign last month, suggesting the economy was still in need of stimulus from the Federal Reserve. The slowdown in private job growth w
Published 31 Oct, 2013 12:00am
Japanese households spending more, unemployment down

Japanese households spending more, unemployment down

Japan's thrifty households boosted their spending last month while unemployment fell, data showed Tuesday, as the International Monetary Fund (IMF) gave a thumbs up to Tokyo's economic policy blitz. The 3.7 percent jump in spending - the best result in si
Published 31 Oct, 2013 12:00am
After scandals, regulator orders UBS to boost balance sheet

After scandals, regulator orders UBS to boost balance sheet

Following a string of scandals, a Swiss regulator has ordered the country's biggest bank, UBS, to significantly increase the cash it has available to deal with legal and compliance issues. FINMA, the Swiss financial market regulator, had ordered the banki
Published 31 Oct, 2013 12:00am
UAE to allow mobile number portability by December

UAE to allow mobile number portability by December

The United Arab Emirates will allow mobile phone number portability by December, its telecoms regulator said on Monday, more than five years after the service was meant to be introduced to boost competition in the state-controlled sector. Number portabili
Published 31 Oct, 2013 12:00am
Despite low rating, Myanmar business climate improving: World Bank

Despite low rating, Myanmar business climate improving: World Bank

For a country rolling out economic reforms at a startling pace, Myanmar's lowly ranking among the likes of Eritrea and Chad for ease of doing business might set off alarm bells for would-be foreign investors. The good news for firms interested in tapping
Published 31 Oct, 2013 12:00am
Despite low rating, Myanmar business climate improving: World Bank

Despite low rating, Myanmar business climate improving: World Bank

For a country rolling out economic reforms at a startling pace, Myanmar's lowly ranking among the likes of Eritrea and Chad for ease of doing business might set off alarm bells for would-be foreign investors. The good news for firms interested in tapping
Published 31 Oct, 2013 12:00am
Al-Jazeera America to ramp up programming, marketing

Al-Jazeera America to ramp up programming, marketing

Al-Jazeera America said Tuesday it would expand its programming, adding staff and a new morning news show as it seeks to boost viewership in the US market. The news channel, which launched in August, said it would be opening new bureaus in the United Stat
Published 31 Oct, 2013 12:00am
KMC notifies charged parking fee

KMC notifies charged parking fee

The Karachi Metropolitan Corporation charged parking department has notified for the information of general public that the parking fee recoverable at the KMC's charged parking sites is Rs 20 for car and Rs 5 for motorcycle. In case of demand of excess am
Published 31 Oct, 2013 12:00am
Five youth leaders of Khyber Pakhtunkhwa, Fata honoured

Five youth leaders of Khyber Pakhtunkhwa, Fata honoured

Search for Common Ground (SFCG) Pakistan honoured five youth leaders of Khyber Pakhtunkhwa (KPK) and Federally Administered Tribal Areas (Fata) with small grants for presenting innovative ideas to build a peaceful community in a ceremony organised in part
Published 31 Oct, 2013 12:00am
Stakeholders' inclusion in budget-making process urged

Stakeholders' inclusion in budget-making process urged

Participants in a seminar on "Analysis of Education and Health Budget" of district Peshawar have stressed the need for participation of local community and relevant stakeholders in the budget-making process, urging the budgetary allocation should be made
Published 31 Oct, 2013 12:00am
Mamnoon stresses civil servants' role in development policies

Mamnoon stresses civil servants' role in development policies

President Mamnoon Hussain on Wednesday said the state was responsible for creating a healthy political, social and economic environment conducive to development and stressed the role of civil service to ensure its efficient functioning. Addressing the par
Published 31 Oct, 2013 12:00am
Annual convocation of UoP held

Annual convocation of UoP held

As many as 500 students awarded degrees during annual convocation of University of Peshawar (UoP) held here on Wednesday. As many as 26 students got gold medals for best performance in their respective departments, comprising 12 girls and 14 boys students
Published 31 Oct, 2013 12:00am
French Ambassador calls on Chaudhry Nisar

French Ambassador calls on Chaudhry Nisar

The French Ambassador Philippe Thieband called on the Federal Minister for Interior and Narcotics Control Chaudhry Nisar Ali Khan here on Wednesday. The meeting discussed the issues of mutual interest including the geo-political situation of the region, s
Published 31 Oct, 2013 12:00am
Women MPs resolve to work for sustainable development

Women MPs resolve to work for sustainable development

Women parliamentarians, representing different political parties in both the Senate and the National Assembly, have resolved to work for sustainable development. The resolve was made at the meeting of "Women Parliamentary Council for Sustainable Developme
Published 31 Oct, 2013 12:00am
Khyber Pakhtunkhwa: US for promotion of industrialisation: acting CG

Khyber Pakhtunkhwa: US for promotion of industrialisation: acting CG

US government would utilise all available resources for promotion of investment and industrialisation in Khyber-Pakhtunkhwa, says Acting US Consul General in Peshawar, Evan Felsing here on Wednesday. The diplomat informed that United States Agency for Int
Published 31 Oct, 2013 12:00am
Khyber Pakhtunkhwa tourism policy's draft in final phases

Khyber Pakhtunkhwa tourism policy's draft in final phases

Khyber Pakhtunkhwa Minister for Tourism, Sports and Youth Affairs, Mehmood Khan has said the preparation of draft tourism policy is in final phases. Presiding over a meeting on tourism policy here in office, he said the PTI government was giving top prior
Published 31 Oct, 2013 12:00am
JICA to support capacity building of teachers

JICA to support capacity building of teachers

Japan International Co-operation Agency (JICA) will support Directorate of Technical Education and Manpower Training (DoTEMT), Peshawar to enhance in-service teachers' capacity in machinist and electrician trades and will provide workshop equipment to the
Published 31 Oct, 2013 12:00am
ISE annual general meeting held

ISE annual general meeting held

The general body of Islamabad Stock Exchange (ISE) held its Annual General Meeting here on Wednesday at ISE Auditorium. This was the second AGM after demutualization of ISE. Muhammad Rashid Zahir Chairman ISE briefed the members on overall performance of
Published 31 Oct, 2013 12:00am
20 years after Maastricht, EU in quest for new Big Idea

20 years after Maastricht, EU in quest for new Big Idea

Twenty years on from the Maastricht Treaty that led to the euro, the European Union's quest for an "ever-closer union" rings increasingly hollow to citizens worn down by the debt crisis. Maastricht came into force on November 1, 1993, committing member st
Published 31 Oct, 2013 12:00am
Jobless youths could drag on recovery

Jobless youths could drag on recovery

The global economy is recovering - although the younger you are and the longer you've been out of work, the less likely it is that you'll have noticed. A modest upturn in the major developed economies flagged by the Organisation for Economic Co-operation
Published 31 Oct, 2013 12:00am
Gulf economies to grow in 2014 despite cheaper oil

Gulf economies to grow in 2014 despite cheaper oil

Wealthy Gulf states are likely to see their oil and gas revenues drop next year but heavy government spending and increasingly energetic private sectors will keep economic growth robust, a Reuters poll showed on Monday. Global oil prices are expected to f
Published 31 Oct, 2013 12:00am
Asia messaging apps seek to upend rivals with marketing might

Asia messaging apps seek to upend rivals with marketing might

In the battle to become the global messaging app of choice, China's WeChat and Japan-based Line have brought out some large marketing guns - TV ads featuring soccer star Lionel Messi, for instance - that have powered promising bursts of overseas growth. T
Published 31 Oct, 2013 12:00am
Hong Kong, China stocks gain

Hong Kong, China stocks gain

Hong Kong stocks rallied 2.00 percent Wednesday, following another record-breaking close on Wall Street and ahead of a closely watched US Federal Reserve policy decision later in the day. The benchmark Hang Seng Index added 457.48 points to 23,304.02 on t
Published 31 Oct, 2013 12:00am
Tokyo stocks soar

Tokyo stocks soar

Tokyo stocks rose 1.23 percent Wednesday after a record-breaking rally on Wall Street fuelled by expectations the US Federal Reserve will maintain its aggressive stimulus drive at a meeting later in the day. The benchmark Nikkei 225 index added 176.37 poi
Published 31 Oct, 2013 12:00am
Wednesday's early trade: stocks dip before Fed policy statement

Wednesday's early trade: stocks dip before Fed policy statement

US stocks edged lower on Wednesday, following a string of four sessions of gains and before the release of the Federal Reserve's statement on the economy and its ultra-loose money policy. The Dow Jones industrial average fell 21.33 points or 0.14 percent,
Published 31 Oct, 2013 12:00am
Dow, S&P at record highs on stimulus hopes, IBM

Dow, S&P at record highs on stimulus hopes, IBM

The Dow and S&P 500 ended at record highs on Tuesday after economic data supported views that the Federal Reserve would keep its stimulus intact for several months and IBM rallied after the company announced a stock buyback. IBM gave the biggest boost to
Published 31 Oct, 2013 12:00am
Australian shares higher

Australian shares higher

Australian shares tacked on 0.3 percent on Wednesday as investors bet the US Federal Reserve will maintain its asset-purchase stimulus program - a major driver of global risk assets in recent years - at least into early 2014. The S&P/ASX 200 index finishe
Published 31 Oct, 2013 12:00am
Treasuries little changed

Treasuries little changed

Prices for US Treasuries were mixed on Tuesday though little changed as mixed data underscored uncertain prospects for the economy, with yields close to a three-month low as investors sought direction. Light trading volumes suggested traders were reluctan
Published 31 Oct, 2013 12:00am
Treasuries little changed

Treasuries little changed

Prices for US Treasuries were mixed on Tuesday though little changed as mixed data underscored uncertain prospects for the economy, with yields close to a three-month low as investors sought direction. Light trading volumes suggested traders were reluctan
Published 31 Oct, 2013 12:00am
Saudi telcos boost index; Egypt shares rally

Saudi telcos boost index; Egypt shares rally

Saudi Arabia's bourse snapped a three-session losing streak on Wednesday after two of its top telecom operators posted estimate-beatings earnings and lifted sentiment, while Egyptian shares rallied in mixed regional markets. Saudi Telecom Co (STC) jumped
Published 31 Oct, 2013 12:00am
Vietnam index up

Vietnam index up

Vietnam's benchmark VN Index edged up 0.4 percent to close at 499.07 points on Wednesday, lifted by buying in some bluechips but investors were cautious ahead of government bond issues, an analyst said. Shares of PetroVietNam Gas, Vietnam's biggest listed
Published 31 Oct, 2013 12:00am
India's BSE index at record high; foreign-led rally helps

India's BSE index at record high; foreign-led rally helps

India's benchmark BSE index closed at a record high on Wednesday as telecoms firms such as Bharti Airtel surged after reporting higher margins, while continued foreign inflows boosted sentiment. The BSE index has now gained 21 percent since hitting an int
Published 31 Oct, 2013 12:00am
Robust earnings keep European shares near five-year highs

Robust earnings keep European shares near five-year highs

Pan-European equities hovered near 5-year highs on Wednesday, supported by robust trading updates from carmaker Volkswagen and Norwegian conglomerate Orkla, among others. The FTSEurofirst 300 index was flat at 1,288.22 points in late session trade, having
Published 31 Oct, 2013 12:00am
Seoul shares at 27-month high

Seoul shares at 27-month high

Seoul shares rose to their highest closing level in 27 months on Wednesday, buoyed by expectation the US Federal Reserve will maintain the current pace of its asset-buying stimulus programme at least until March next year. The Korea Composite Stock Price
Published 31 Oct, 2013 12:00am
Southeast Asian markets: Thai shares buck trend

Southeast Asian markets: Thai shares buck trend

Thai stocks ended at their lowest in almost four weeks on Wednesday as concerns over political tensions spurred selling while other Southeast Asian stocks edged higher on market expectations that the US Federal Reserve would keep its stimulus policy. The
Published 31 Oct, 2013 12:00am
FTSE hits five-month high

FTSE hits five-month high

Britain's top shares edged to a new five-month high on Wednesday, boosted by good earnings from the likes of Next but suffering in later trade from profit taking ahead of a US Federal Reserve policy decision. Britain's second-biggest clothing retailer ros
Published 31 Oct, 2013 12:00am
Indian rupee edges up

Indian rupee edges up

The Indian rupee gained on Wednesday, recovering from earlier losses after a government panel recommended an immediate increase in state-subsidised diesel prices, reducing some of the concerns about the country's finances. "The market is getting more bull
Published 31 Oct, 2013 12:00am
Dollar hits one-week high in Asia

Dollar hits one-week high in Asia

The dollar touched a one-week high against a basket of major currencies on Wednesday as investors further trimmed bearish positions ahead of the outcome of the Federal Reserve policy meeting. Investors had sold the greenback heavily in the run up to the O
Published 31 Oct, 2013 12:00am
Dollar steadies in London

Dollar steadies in London

The dollar steadied near an earlier one-week high against a basket of major currencies on Wednesday, with investors wary of selling it before a post-policy meeting statement from the Federal Reserve. The dollar index stood at 79.541, having touched an eig
Published 31 Oct, 2013 12:00am
Early trade in New York: dollar falls against basket of major currencies

Early trade in New York: dollar falls against basket of major currencies

The dollar edged lower against a basket of major world currencies in thin trade on Wednesday as investors refrained from taking bold positions ahead of an afternoon post-policy meeting statement from the Federal Reserve. Expectations that the Fed will kee
Published 31 Oct, 2013 12:00am
Dollar rises for third session against major counterparts

Dollar rises for third session against major counterparts

The dollar rose for a third straight session against major counterparts on Tuesday as traders bought back the currency on the view markets have already priced in expectations the Federal Reserve will maintain its bond-buying program in coming months.
Published 31 Oct, 2013 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 77.75-77.75 (77.75-77.75) Call Money Rates: 06.50-07.00 percent (previous 05.75-08.25 percent).
Published 31 Oct, 2013 12:00am
Chinese yuan falls

Chinese yuan falls

China's yuan fell to one-week low against the dollar on Wednesday, guided by a weaker yuan midpoint the central bank set for the third consecutive day to reflect a rebound in dollar index. But traders said upside pressure on the Chinese currency remains g
Published 31 Oct, 2013 12:00am
Rupiah leads Asian FX declines

Rupiah leads Asian FX declines

The Indonesian rupiah led declines among emerging Asian currencies on Wednesday as investors took profits on the view that an expected Federal Reserve decision to keep its stimulus intact was already priced into the market. The rupiah fell as real money f
Published 31 Oct, 2013 12:00am
Sterling softens against euro

Sterling softens against euro

Sterling was trading near a two-month low against the euro on Wednesday, reflecting growing doubts about whether the UK economy can sustain the solid momentum it has shown in the past few months. The euro was underpinned near recent highs after European C
Published 31 Oct, 2013 12:00am
Simon outlasts Mahut in thriller as Ferrer cruises

Simon outlasts Mahut in thriller as Ferrer cruises

Defending champion David Ferrer was pushed to three sets by Czech Lukas Rosol in his opening match at the Paris Masters on Wednesday before easing into the last-16, 6-0, 2-6, 6-3. Rosol, who is part of his country's squad to face Serbia in the Davis Cup f
Published 31 Oct, 2013 12:00am
Qatar removes Zidane's headbutt statue after protests

Qatar removes Zidane's headbutt statue after protests

Qatar has removed the Zinedine Zidane headbutt statue less than a month after it went on display following an outcry by conservatives, who slammed the art work as anti-Islam idolisation. The five-metre (16.4-feet) sculpture which immortalises the headbutt
Published 31 Oct, 2013 12:00am
Zaheer, Qadir keen on chairman job

Zaheer, Qadir keen on chairman job

Former Test legends Abdul Qadir and Zaheer Abbas have expressed interest in the job of Pakistan Cricket Board chairman, after a court ordered elections for the post be held next month. Cricket administration in Pakistan has been rocked by months of wrangl
Published 31 Oct, 2013 12:00am
Chelsea rejoice as Wenger's Mourinho hoodoo continues

Chelsea rejoice as Wenger's Mourinho hoodoo continues

Jose Mourinho got the better of old adversary Arsene Wenger once again as Chelsea showed their strength-in-depth by reaching the League Cup quarter-finals with a 2-0 win over London rivals Arsenal on Tuesday. Both teams rang the changes but it was Chelsea
Published 31 Oct, 2013 12:00am
Clarke bounces back from injury with 88

Clarke bounces back from injury with 88

Australian captain Michael Clarke bounced back from a six-week injury layoff with a stylish 88 for his state side New South Wales Wednesday in an ominous sign ahead of the Ashes. Clarke has been plagued by chronic back problems since he was a teenager and
Published 31 Oct, 2013 12:00am
Ponting 'offended' as Taylor wades into Clarke feud

Ponting 'offended' as Taylor wades into Clarke feud

Former Australian captain Ricky Ponting on Wednesday said he was "offended" after Mark Taylor blasted his feud with Michael Clarke, saying it should have stayed in the dressing room. Current skipper Clarke was reportedly furious when he learned ex-captain
Published 31 Oct, 2013 12:00am
Suicide bombers hit Iraq security as attacks kill 35

Suicide bombers hit Iraq security as attacks kill 35

Three suicide bombings killed 14 Iraqi security force members overnight, officials said Wednesday, the deadliest in a series of attacks that left 35 people dead in two days. The attacks come as Iraq witnesses its worst violence since 2008, a surge in unre
Published 31 Oct, 2013 12:00am
Suicide bomber dies in Tunisian tourist resort

Suicide bomber dies in Tunisian tourist resort

A suicide bomber blew himself up in the Tunisian tourist resort of Sousse on Wednesday, the first such assault since 2002 in a country now battling Islamist militants boosted by chaos in neighbouring Libya. Police foiled another attack when they arrested
Published 31 Oct, 2013 12:00am
NSA broke into Google, Yahoo data centres

NSA broke into Google, Yahoo data centres

The US National Security Agency has broken into the links that connect Yahoo and Google's data centres, giving it access to the accounts of hundreds of millions of users, the Washington Post reported Wednesday. Citing documents provided by Edward Snowden,
Published 31 Oct, 2013 12:00am
Solar eclipse to sweep Africa, Europe, US on Sunday

Solar eclipse to sweep Africa, Europe, US on Sunday

A rare solar eclipse will sweep across parts of Africa, Europe and the United States on Sunday as the moon blocks the sun either fully or partially, depending on the location. The round shape of the Earth explains why some viewers in west Africa will see
Published 31 Oct, 2013 12:00am
China and Malaysia to hold joint military drills

China and Malaysia to hold joint military drills

China and Malaysia will hold their first-ever joint military exercises next year, the Southeast Asian nation's defence minister said Wednesday, despite their rival claims to the tense South China Sea. The announcement by Hishammuddin Hussein, who is in Be
Published 31 Oct, 2013 12:00am
Nato, Russia hail joint test to detect bombers in crowds

Nato, Russia hail joint test to detect bombers in crowds

Once implacable Cold War foes, Nato and Russia Wednesday claimed a major breakthrough in the fight against a shared enemy - terrorist bombers targeting big commuter hubs or sports venues. Nato said in a video news release featuring Russian partners that a
Published 31 Oct, 2013 12:00am
Norwegian village uses giant mirrors to capture the sun

Norwegian village uses giant mirrors to capture the sun

Sun-starved residents of a remote Norwegian village unveiled an ingenious mirror system Wednesday to bring natural light to their mountain valley home and liberate them from darkness that envelops them six months a year. Hundreds of villagers sporting sun
Published 31 Oct, 2013 12:00am
South Korean MPs make rare crossing into North

South Korean MPs make rare crossing into North

A group of South Korean lawmakers crossed the fortified border into North Korea Wednesday to visit a jointly run industrial park that recently re-opened after military tensions caused a five-month closure. The rare cross-border trip by the 21 MPs comes as
Published 31 Oct, 2013 12:00am
Egyptian students protest after Brotherhood leader arrested

Egyptian students protest after Brotherhood leader arrested

Egyptian police fired teargas at protesting students at Cairo's al-Azhar university on Wednesday hours after authorities announced the detention of Muslim Brotherhood leader Essam El-Erian, part of a crackdown against the Islamist movement. Erian, deputy
Published 31 Oct, 2013 12:00am
Israel frees Palestinian prisoners

Israel frees Palestinian prisoners

Israel freed 26 Palestinian prisoners on Wednesday as part of US-brokered peace efforts, but said it was pressing on with plans to build more homes for Jewish settlers, in an apparent move to appease hard-liners. The inmates, who were convicted of killing
Published 31 Oct, 2013 12:00am
Assad tells envoy Syrians will decide on peace talks

Assad tells envoy Syrians will decide on peace talks

President Bashar al-Assad insisted in a meeting Wednesday with visiting UN-Arab League envoy Lakhdar Brahimi that Syrians alone will decide on the fate of an initiative for Geneva peace talks. The encounter came a day after the Red Crescent evacuated hund
Published 31 Oct, 2013 12:00am
Syria peace talks face delay as big powers split

Syria peace talks face delay as big powers split

International powers are unlikely to meet their goal of convening peace talks on Syria in Geneva next month as differences emerge between Washington and Moscow over opposition representation, Arab and Western officials said. Failure of the main Syrian Nat
Published 31 Oct, 2013 12:00am
Uzbek first daughter's media empire shut, fuelling rift talk

Uzbek first daughter's media empire shut, fuelling rift talk

The eldest daughter of Uzbekistan President Islam Karimov acknowledged Wednesday for the first time that the authorities had closed television channels she is believed to control, further stoking rumours of a rift in the ruling family. Gulnara Karimova, a
Published 31 Oct, 2013 12:00am
India bus crash inferno kills 45

India bus crash inferno kills 45

A speeding bus exploded in a ball of flames after crashing into the central reservation of a southern Indian highway early Wednesday, killing 45 passengers as they slept. Only five people on the vehicle escaped the inferno, including the driver and the cl
Published 31 Oct, 2013 12:00am
France denies paying ransom as Sahel hostages return

France denies paying ransom as Sahel hostages return

Four Frenchmen held hostage in the Sahara desert by al Qaeda-linked gunmen for three years flew home and were reunited with their families on Wednesday, with Paris dismissing media reports it had paid a ransom for their release. The men, kidnapped in 2010
Published 31 Oct, 2013 12:00am
Children's Literature Festival opens

Children's Literature Festival opens

The seventh Children's Literature Festival opened at Children's Library Complex on Wednesday that attracted thousands of students from a large number of schools in Lahore and other parts of the country. The festival based on a theme "Unlocking the power o
Published 31 Oct, 2013 12:00am
Decision to cut gas supply will halt industrial wheel: FCCI President

Decision to cut gas supply will halt industrial wheel: FCCI President

Any decision to cut gas supply will result into halting industrial wheel as well as unemployment will abnormally increase, and it would be hard to fulfil export orders, which is anti-industry and anti-worker, said Engr Suhail Bin Rashid, President Faisala
Published 31 Oct, 2013 12:00am
Shahbaz urges German businessmen to increase trade with Pakistan

Shahbaz urges German businessmen to increase trade with Pakistan

Punjab Chief Minister Shahbaz Sharif while addressing meeting of Pakistan-German Business Forum in Berlin on Wednesday said that there are bright prospects of increase in trade between Pakistan and Germany in the coming days. He said that best relations e
Published 31 Oct, 2013 12:00am
Anti-Dengue Day being observed on November 3

Anti-Dengue Day being observed on November 3

In the wake of surge in dengue positive cases, the Punjab government decides to observe 'Anti-Dengue Day' on November 3 for raising awareness among the masses to fight out the disease. Mobile teams consisting of public representatives, officials, students
Published 31 Oct, 2013 12:00am
SCBA election today

SCBA election today

The election of the Supreme Court Bar Association (SCBA) for the year 2013-14 will be held on Thursday (today) in which 2720 eligible voters will elect new body. The majority of 1172 eligible voters are from Lahore. Muhammad Sadiq Hidayatullah and Syed Sa
Published 31 Oct, 2013 12:00am
Comprehensive security plan finalised for Muharram: Sanaullah

Comprehensive security plan finalised for Muharram: Sanaullah

Punjab Law Minister Rana Sanaullah has said a comprehensive security plan has been finalised with the consultations of elected representatives, Ulema and Zakireens from different schools of thought, to maintain peace during Muharram-ul-Haram in the provin
Published 31 Oct, 2013 12:00am
LCCI, Turkey to establish new mechanism to expedite trade

LCCI, Turkey to establish new mechanism to expedite trade

The Lahore Chamber of Commerce and Industry and Turkish Embassy Wednesday decided to establish a new mechanism to expedite trade between the two countries. The decision was made at a meeting between the Turkish Ambassador S Babur Girgin and LCCI President
Published 31 Oct, 2013 12:00am
EU team briefed about LB elections schedule

EU team briefed about LB elections schedule

A delegation of the European Union headed by Michael Gahler, member of the EU Parliament and Chief Observer for the 2013 EU Election Observation Mission (EU EOM) to Pakistan, called on Secretary Law, Justice and Human Rights on Wednesday. According to a p
Published 31 Oct, 2013 12:00am
Khyber Pakhtunkhwa IGP calls to establish security zones during Muharram

Khyber Pakhtunkhwa IGP calls to establish security zones during Muharram

The Inspector General of Police, Khyber Pakhtunkhwa Nasir Khan Durrani has directed police officials to establish security zones and check everyone on three points before entering to Imambargahs and processions during Muharram. These directives were issue
Published 31 Oct, 2013 12:00am
Lucky Cement Limited

Lucky Cement Limited

Lucky Cement Limited (LUCK) is the largest market player in Pakistan's cement sector. The Company operates under the umbrella of Yunus Brothers (YB) Group. The Company commenced operations in 1996 with a capacity of 1.2 million tons per annum with install
Published 31 Oct, 2013 12:00am
Lucky Cement Limited

Lucky Cement Limited

Lucky Cement Limited (LUCK) is the largest market player in Pakistan's cement sector. The Company operates under the umbrella of Yunus Brothers (YB) Group. The Company commenced operations in 1996 with a capacity of 1.2 million tons per annum with install
Published 31 Oct, 2013 12:00am
Cotton down for 8th straight session as harvest pressure grows

Cotton down for 8th straight session as harvest pressure grows

Cotton futures hit nine-month lows on Tuesday, falling for an eighth straight session in the longest rout since May, as harvest pressures weighed down prices and triggered further selling. The most-active December cotton contract on ICE Futures US edged d
Published 31 Oct, 2013 12:00am
Shanghai copper up

Shanghai copper up

The most traded January copper contract on the Shanghai Futures Exchange added 1.6 percent to 52,080 yuan ($8,600) a tonne. Earlier it hit its highest in a week at 52,200 yuan on Wednesday. "Continued availability of liquidity would likely mean more funds
Published 31 Oct, 2013 12:00am
Copper climbs

Copper climbs

Copper rose to its highest level in a week on Wednesday, boosted by expectations the US Federal Reserve will prolong its stimulus programme to aid recovery in the world's largest economy. Benchmark copper on the London Metal Exchange ended up more than 1
Published 31 Oct, 2013 12:00am
US oil slides for second straight day; spread widens

US oil slides for second straight day; spread widens

US oil futures extended their move lower for a second consecutive day on Wednesday after government data showed large inventory builds, further pressuring the domestic oil's discount to international benchmark Brent. Disruptions to Libyan oil exports have
Published 31 Oct, 2013 12:00am
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