ISLAMABAD (APP) - Majority of the people, belonging to different parts of the country, have left for their hometowns to celebrate the religious festival of Eid-ul-Azha with their near and dear ones. A large number of people left the city on Saturday to spend more time with their relatives, leaving ...

KARACHI (Reuters) The Karachi stock market closed lower on Thursday on light trade as investors stayed on the sidelines awaiting the announcement of the next monetary policy, dealers said. The State Bank of Pakistan is due to announce its monetary policy on Saturday for the subsequent two months ...

ATHENS (AFP) - Greece was expected Sunday to unveil plans to trim its bulging civil service and meet one of its creditors key demands a day ahead of a eurozone meeting that could free up an eight-billion-euro loan. The 17 countries that share the debt-challenged euro currency will meet in ...

A Suffolk teenager who invented a sail bike for an A-level project is now selling them commercially. Ned Aufenast, 19, built his first wind-powered bike at school using 50 worth of scrap parts to fix a wind-surfing-type sail to a tricycle. Dutch manufacturer Whike was so impressed with his design ...

KUALA LUMPUR (Reuters) - Malaysian palm oil futures rose on Friday as traders took up positions ahead of a slew of industry reports that could shed light on a decline in vegetable oil supplies. The U.S. Department of Agricultures supply-demand report on Monday will update the agencys crop ...

OUR?STAFF?REPORTER LAHORE The Democratic Group and Awaz Group of the Pakistan Flourmills Association (PFMA) have joined hands, setting aside all differences to constitute a new group namely 'Founders Group. The two rival groups of the PFMA on Friday held a meeting at a local hotel and stressed ...

KARACHI - Continuing its tradition of information and knowledge exchange, CIO Pakistan/ Afghanistan organised its 4th Annual CIO Year Ahead 12 Summit here the other day at a local hotel. Onboard for the Summit was event presenter, IBM Pakistan, says a press release. In partnership with the World ...

OUR STAFF REPORTER KARACHI - Bullish activity witnessed on Wednesday at Karachi Stock Exchange ahead of upcoming federal budget 2011-12 announcement this week. The Karachi Stock Exchanges 100-share index managed to close at 12,264.06 points, up 140.91 points or 1.16 per cent on market turnover of ...

The Irish army destroyed a makeshift bomb discovered on a bus near Dublin on Tuesday ahead of a historic visit by Britain's Queen Elizabeth, amid the biggest security operation ever mounted by the state. The visit, the first by a British monarch since Ireland won independence from London in 1921, ...

ISLAMABAD - Prime Minister Syed Yousuf Raza Gilani, in his Senate address on Wednesday, sought to dispel the impression that all state institutions were silent on the incident of Osama bin Ladens killing. The Prime Minister came to the Senate following senators complaints that the Upper House ...

WASHINGTON (AFP) - Global finance chiefs warned Saturday that rising food prices, unanswered joblessness, Mideast turmoil and weak finances in advanced economies could still derail economic recovery. We are one shock away from a full-blown crisis, said World Bank president Robert Zoellick about the ...

LAHORE Despite reservations, the Pakistan Railways has finally decided to go ahead with the project of ECO Container Train, which was later renamed as the Gul Express, TheNation has learnt reliably. The Gul Express is an on-going project of Pakistan, Iran and Turkey for which a high-level working ...

ISLAMABAD - It could be a final showdown between two major political forces the PPP and the PML-N. But insiders believe the two parties are heading to political confrontation even if merely to denounce the impression of their covert alliance. Well-placed political sources underlined the fact that ...

KARACHI (Agencies) - The Pakistan Cricket Board (PCB) has again approached the International Cricket Council to allow it to select players involved in the spot-fixing scandal in their preliminary World Cup squad. The PCB has not yet cleared the names of wicket-keeper batsman Kamran Akmal, ...

Special representatives of India and China will hold the crucial 14th round of border talks here on Monday to resolve the long-running boundary dispute between the two countries, ahead of a key visit of Chinese premier Wen Jiabao to New Delhi. National security advisor (NSA) Shivshankar Menon, the ...

SYDNEY (AFP) - Australias mining-powered economy is on track for 3.25 percent growth this year and a return to budget surplus by 2012-2013, making it the envy of the developed world, Treasurer Wayne Swan said Tuesday. Swan said despite global uncertainty and the strong Australian dollar which has ...

KARACHI - The Karachi stock market witnessed bearish activity with thin volumes on Tuesday, as investors remained cautious ahead of Supreme Courts hearing on NRO case on Wednesday. The KSE 100-share index closed at 10,292.33 after losing 30.23 points. The 30-index closed at 9,939.44 with a loss of ...

ISLAMABAD Without taking approval from internal bodies of the university the Quaid-i-Azam University is going to start Quaid-i-Azam School of Management Sciences (QASMS) with public private partnership at the university. It has been learnt that the internal bodies including Academic Council, ...

LAHORE Former Australian wicketkeeper Ian Healy has declared Pakistan wicketkeeper Kamran Akmal innocent of match-fixing despite his butter-gloved display in the Sydney Test in January this year. Vice-captain Akmal then dropped four catches in Australias second innings, which allowed the home side ...

KARACHI (Reuters) - The stocks closed down on Thursday in thin trading as investors awaited the announcement of the August and September monetary policy, due to be unveiled on Friday, dealers said. The KSEs benchmark 100-share index, fell 0.09 percent, or 9.01 points, to end at 10,427.28 points. ...

THE HAGUE (AFP) Flags prematurely declaring Holland the 2010 football World Cup champions are flying off the shelves with other orange paraphernalia as the Dutch kit themselves out for Sundays final against Spain. The wish is father to the thought, general manager Paul de Jager of Shipmate flags ...

ISLAMABAD Federal Minister for Kashmir Affairs, Manzoor Ahmad Wattoo, Tuesday said that at least 36 villages had been evacuated in the wake of expected devastation by upsurge in Hunza Lake. Wattoo while addressing a press conference here said that almost 13,000 people would be affected by the ...

Polling has ended in Punjab and according to unofficial results PML-N is ahead in the polls for PP-63 in Faisalabad with 7,400 votes, while PPP is ahead in PP-259 in Jatoi. For NA-178, after vote count from 35 polling stations, PPP candidate Jamshed Dasti has 7,545 votes, while Nawabzada Iftikhar ...

KARACHI - The asset-base of the Islamic banks increased by 13.3 per cent in Oct-Dec 2009 compared to 7 per cent growth in total assets, posted by conventional banking system during the same period under review. According to the SBP latest report, Islamic banking operations remain profitable and ...

MILAN (AFP) Team Columbia admit they have no plan B for Milan-SanRemo on Saturday and are counting on sprint king Mark Cavendish to dominate the field if it comes down to it at the end. Cavendish, who won six stages at last years Tour de France, goes into the season-opening one-day classic as ...

LOS ANGELES (Reuters) - Precious, swept the Spirit Awards on Friday, taking home five prizes at the independent film worlds version of the Oscars. The films haul included best feature, director and first screenplay. Its actors, newcomer Gabourey Sidibe and comedienne MoNique, took home the honours ...

HONG KONG (AFP) - US President Barack Obamas fortunes will sink further and nuclear threats will grow, but the world economy will bounce back in the turbulent Year of the Tiger, Chinese soothsayers predict. Obama will start going downhill this year. He will not be able to achieve much, said Peter ...

KARACHI - Positive activity was witnessed at KSE on investors renewed interest in blue chips scrips of oil, bank and fertilizer ahead of results announcement session. The KSE 100 Index opened in green zone with a gain of 15.19 points and at the end of the day closed at 9776.21 level, showing a ...

BUENOS AIRES (AFP) Spanish ace Carlos Sainz and Qatari teammate Nasser Al-Attiyah said Friday they had put last years woes behind them as they embarked on another Dakar Rally campaign in Argentina. Now racing for Volkswagen after his switch from BMW, the 39-year-old Al-Attiyah raced for the latter ...

KARACHI - The local bourse remained range-bound on Wednesday after bullish session yesterday as benchmark KSE 100-index closed at 9,303 level with 30 points down. A major investor concern remained the disbursement of IMFs fourth tranche which is to be decided upon later today, while stock picking ...