ISLAMABAD - Malaria is the second frequently reported problem in Pakistan and the country has a huge malaria disease burden and shares 95 per cent of malaria burden in East Mediterranean Region. Every year 300,000 cases are reported only from health facilities of Sindh, Balochistan, Khyber ...

NORTHAMPTONSHIRE  GN - A student has revealed his impressive collection of 300 exotic pets.Liam Andrews from Desborough, Northamptonshire started collecting animals at 6 years old when he asked his parents if he could buy a hamster with his pocket money. Since then, the 16-year-old - who ...

AUGUSTA  - Tiger Woods was practicing at the Masters driving range on Monday when up walked 14-year-old Chinese prodigy Guan Tianlang, greeting the superstar player who had inspired him to start golfing.Guan asked Woods to autograph his cap and in addition to doing that, Woods invited Guan ...

KARACHI - Stocks closed at record high on Tuesday amid bullish rally in global stocks ahead of quarter-end earning announcements.The benchmark KSE 100-share index gained 73.63 points or 0.40 per cent to close the day at 18345.74 points compared to 18272.11 points of the previous day. Smar Iqbal, ...

KARACHI - Stocks closed lower amid thin trades in the post-budget profit-taking at the KSE as investors remained cautious ahead of SBP monetary policy announcement.At the Karachi Stock Exchange, the benchmark KSE 100-share index shed 28.43 points or 0.21 per cent to stop the day at 13717.30 points ...

HONG KONG (AFP) - Shares in a Chinese restaurant chain extended its gains further Wednesday after a buy-out bid by the owners of US fast-food giants KFC and Pizza Hut was given regulatory approval. The takeover of hot pot chain Little Sheep by Yum was given the go-ahead by by Chinas commerce ...

KUALA LUMPUR (AFP) - A jet-lagged and sunburnt Jeff Overton set a new course record to share the lead at the half-way point of the $6.1-million CIMB Asia Pacific Classic in sweltering Malaysia on Friday. The American, who has never won on the PGA Tour and had less than a day's notice that he was ...

ISLAMABAD - The Securities and Exchange Commission of Pakistan (SECP) has directed all the listed companies and their Share Registrars to deliver the shares lying with them as unclaimed/undelivered to their respective holders. The SECP has conducted a study to know the quantum of unclaimed shares ...

NEW YORK (AFP) - Troubled US financial giant Bank of America said Monday it would sell roughly half of its 10 percent stake in China Construction Bank for approximately $8.3 billion in cash. The sale will help BofA strengthen its capital base and move closer to the Basel III standards imposed by ...

Like a lot of youngsters she likes to relax in front of the TV and will eat anything in sight. Beaky the pet emu also quite enjoys a soak in the bath. In fact, the two-year-old bird is almost as much a part of the Newby family as the six children. She arrived in an unhatched egg, an unusual ...

ISLAMABAD (APP) - The Privatisation Commission (PC) has invited Expression of Interest (EoI) from prospective investors, industrial companies and groups and consortium of investors with demonstrable ability to own and operate the company through acquisition of minimum 96 per cent Government of ...

ISLAMABAD (APP) - The Privatisation Commission (PC) has invited an expression of interest (EoI) from prospective investors with demonstrable ability to acquire and efficiently manage the National Power Construction Corporation (NPCC) through the acquisition of minimum 88 per cent shares holding in ...

LAHORE Jail inmates had predicted that Syed Yousaf Raza Gilani will become either the president or the prime minister of Pakistan. However, he always snubbed them, saying that the mantle of prime minister would go to his leader Ms Benazir Bhutto. The internees then asked him which office he would ...

KHLOE Kardashian is now sharing her home with frogs. The 26-year-old reality TV star has revealed the Los Angeles property she shares with husband Lamar Odom whom she married in September 2009 has flooded due to excessive rain, and an army of frogs have since taken up residence in the entrance to ...

ISLAMABAD - Pakistan State Oil (PSO) could not able to acquire 30 percent shares of Shell International Petroleum Company Limited in Pakistan Refinery Limited (PRL) due to unavailability of approval from its Board of Management (BoM). The feasibility report on acquiring shares of Shell in PRL ...

ABU DHABI (AFP)-Middle East shares gained, sending Abu Dhabi's stock index to the highest in a month, as Egyptian President Hosni Mubarak's resignation bolstered investor optimism. Israeli stocks rose the first time in four days. Dana Gas PJSC, a fuel producer with operations in the North African ...

LAHORE - Lahore Stock Exchange Managing Director Aftab Ahmed Ch has said the SECP is endeavouring to run the stock exchanges in a way that it could care for the interest of small investors instead of the members or brokers. He said that the Securities and Exchange Commission of Pakistan will give ...

JOHANNESBURG (AFP) After winning the British Open Louis Oosthuizen came second Monday only to political icon Nelson Mandela on the front pages of South African newspapers. Beeld, Business Day and The Citizen used the golfer celebrating his shock victory as the main picture while The Star also ...

TOKYO (AFP) - Japanese share prices will likely take a breather next week as investors look to the next Fed meeting while fears for the eurozone debt crisis are easing, dealers said. In the week to June 18, the Tokyo Stock Exchanges headline Nikkei index gained 289.77 points, or 2.99 percent, to ...

KARACHI - The stock market, which fell to a near two-month low on Monday, recovered some losses on Tuesday as investors accumulated cheap shares at lower levels. The market opened on a negative note and at one point tested its psychological level of 10,000, where renewed buying interest from ...

MUMBAI (AFP) - Indias benchmark share index rose Wednesday above the key 18,000 level for the first time in more than two years, buoyed by expectations of a robust quarterly earnings season, dealers said. The 30-share Sensex hit a days high of 18,047.86 before retreating on profit-taking to close ...

KARACHI (APP) - The KESC Power Ltd has subscribed to 54.25 million un-subscribed right shares of minority shareholders for more than Rs 189.889 million. According to a communique sent to KSE by the power supply company here Wednesday, the process of subscription of 14.50pc right shares has been ...

KARACHI - The Samba Bank Limited will inject additional capital through issuance of right shares to comply with the SBP regulatory requirement for both 2009-2010. This move is expected to capable the bank to meet the SBP minimum capital requirement of Rs6 billion and Rs7 billion for the years 2009 ...

KARACHI (APP) - Security and Exchange Commission of Pakistan (SECP) has relaxed the condition for issuing right shares twice in a year and allowed KESC to issue 2.501 billion ordinary or 14.50pc right shares at Rs 3.5/share. According to a communique to KSE here Wednesday, KESC said that SECP has ...

KARACHI Influential characters in the stock exchange shares are not only playing havoc with public properties but also ruining the private sector by depriving people of their hard earned money. Investors in Karachi Stock Exchange were duped of around Rs 400 million early this year by a private ...

LAHORE - Economic revival in the country offers a great opportunity to the investors as the equities at Karachi Stock Exchange are being traded at 50 per cent lesser rates while the corporate sector results are encouraging and profit to equity ratios are also on the rise. This was stated by ...

KARACHI - The 58th Annual General Meeting (AGM) of Pakistan Petroleum Limited (PPL) has approved the issue of 500 million ordinary shares of Rs 10 each to increase the authorized share capital of the company to 1.5 billion shares. The meeting held here Tuesday, has also approved the financial ...

KARACHI (APP) - KP Chemical Corporation, a subsidiary of the South Korean conglomerate LOTTE, recently completed its acquisition of the majority shareholding in Pakistan PTA Ltd (PPTA), making it an official member of the LOTTE Group. An announcement here on Saturday said that this acquisition ...

ISLAMABAD - Federal Minister for Privatisation, Petroleum and Natural Resources, Syed Naveed Qamar, has asked workers to take good care of public sector companies, as they have been made owners of state-owned entities under Benazir Employees Stock Option Scheme (BESOS). Addressing the unit ...

ISLAMABAD - Federal Minister for Privatisation, Petroleum and Natural Resources, Syed Naveed Qamar, is distributing 12 per cent shares of Oil and Gas Development Company Limited (OGDCL), worth Rs 36 billion, among its employees here today (Wednesday). Under the newly introduced Benazir Employees ...