LAHORE Since Islamic banking had grown owing to the global financial crunch, it would be important to establish the difference of both Islamic banking and conventional banking. Very few people who know the real difference between Islamic and conventional banking, as apparently both seem the ...

It seems that as the polls draw ever closer, politicians grow more and more vociferous in their promises, while not saying enough about how they intend to implement their programmes if they gain the support of the electorate on Election Day. No particular party seems to be afflicted with this ...

NEW YORK  It’s Nawaz Sharif versus Imran Khan in Pakistan’s historic May 11th elections, according to an influential American newspaper, as the race is narrowing down to the respective political parties of the two leaders. The PPP is trailing after a five-year rule that many ...

ONE often listens to the debate that educationists in the armed forces are less important as compared to other branches. That is why they do not reach the top echelons of the services. This is not entirely true. So far as importance is concerned, educationists in services are ...

The Central governments flip-flops on Anna Hazare are obvious: it went from abusing him (through the Congress spokesperson) for sheltering corruption, to extolling him for his idealism; from arresting him, without any justification, and getting him remanded to judicial custody for a week, to ...

New Zealand skipper Daniel Vettori on Friday won the toss and elected to bat first against South Africa in the third quarterfinal match at Shere Bangla National Stadium in Mirpur. South Africa welcome back Steyn, Morkel and de Villiers in the playing eleven. Tsotsobe and van Wyk misses have been ...

England skipper on Thursday won the toss and elected to bat first against West Indies in a Group B match at MA Chidambaram Stadium in Chennai. England head into this match knowing defeat will send them crashing out of the World Cup. England have made three changes in their team that lost to ...

Kieron Pollard played another innings that will quell the criticism over his lack of performances at the international level, bludgeoning a limited Ireland attack in Mohali to set up a formidable total. His typically powerful 94 overshadowed a sedate maiden century for opener Devon Smith, who set ...

Police in Italy have arrested six Moroccan men suspected of inciting hatred against Pope Benedict XVI for having converted a Muslim journalist in Italy to Catholicism. Brescia police official Stefano Fonzi, speaking on Italian radio Friday, said the suspects allegedly banded together to stir up ...

LONDON (AFP) - The dollar steadied against the yen Thursday on speculation authorities may intervene in markets to check the strong Japanese currency, which this week shot to a 15-year high against the greenback. In trade here, the dollar eased to 84.53 yen from 84.59 late in New York on ...

LAHORE As expected usually, it was neither the Opposition nor the Treasury becoming clamorous about their claims of having better democratic credentials, rather it were the female MPAs of the Punjab Assembly on Tuesday, who tried to reinvent the wheel and dilated upon the ages-old debate about ...

LONDON (AFP) - The dollar rose Wednesday to a new two-month peak against the yen, supported by the prospect of interest rate hikes in the United States as the economy recovers, dealers said. Against the Japanese currency on Wednesday, the greenback rose as high as 92.27, the highest since October ...

LONDON (AFP) - The dollar struck a 14-year low against the yen on Friday amid jitters Dubai may default on its debt, which sent global stock markets reeling and prompted investors to exit risky trades. During Asian trading, the dollar tumbled to 84.82 yen, which was the lowest level since July ...

England captain Andrew Strauss won the toss and chose to bat first in the first semifinal of the ICC Champions Trophy against Australia on Friday. Australia recently defeated England 6-1 in a head-to-head series in Britain, but Strauss' side has performed well in South Africa.

This is the match of the tournament. India take on Pakistan in a crucial Group A match at Centurion today. Indians will be playing their first game of the tournament while Pakistan will be playing their second and a win for the greenshirts will almost see them through to the semi-finals. Pakistan ...

West Indies won the toss and elected to field first against Sri Lanka in the second semi-final of ICC Twenty20 World Cup. Sri Lanka and West Indies have played each other before in the tournament, in a dead game after both teams had qualified from the group of death. Gayle missed that match with a ...

Reese Witherspoon loved starring in Monsters vs Aliens - because she got to act like 5-year-old. The actress - who lends her voice to the character of Susan Murphy in the animated flick - insists she enjoyed using her imagination while making the movie. Its definitely not hard. Its like you go in ...

LONDON (AFP) - The dollar slid to a 13-year low point against the yen on Wednesday after the Federal Reserve slashed interest rates to near zero as it struggled to curb an accelerating economic downturn, dealers said. Meanwhile, sterling slumped to another record low point against the euro of 1.090 ...

Accusing Congress of trying to pit "Hindu terrorism" against "Islamic terrorism", the BJP on Tuesday warned rpt warned such a move would push the country to brink of a civil war.  Addressing a traders' rally here, BJP president Rajnath Singh alleged that "to divert the ...

    LONDON (AFP) - The euro rallied on Friday, pulling clear of 13-month lows against the dollar, as the market awaited key US jobs data and a pivotal vote on a revamped Wall Street financial bailout. The European single currency also clawed back against the yen, against which it ...

NA leader of the opposition, Chaudhry Nisar Ali Khan has said that electing opposition leader Chairman of the Public Accounts Committee (PAC) is a new democratic tradition and vowed that he, rising above his party affiliation and political differences, would be making the accountability process ...

LONDON  - The British pound hit a two-year low point against the dollar on Friday as dealers predicted interest rate cuts from the Bank of England to combat flagging economic growth, analysts said. Sterling slumped to 1.8512 dollars " the lowest point since July 26, 2006. It later Friday ...

BUDAPEST/LONDON - The Hungarian forint surged to a new record high against the euro on Friday, driven not only by a favourable international enviroment but also by the increasing strength of the Hungarian economy, analysts said. The forint was changing hands at around 233 forint per euro on ...

GAZA CITY (Agencies) - Egyptian security forces used water cannons Wednesday to keep thousands of stone-throwing Palestinians from storming across the border between Gaza and the Sinai peninsula, Hamas security sources said. Tensions escalated after the Palestinians were not allowed to enter ...

LONDON (AFP) - The dollar rose against the euro and the yen on Wednesday as dealers weighed up prospects for interest rate rises in the United States and the eurozone, dealers said. The European single currency fell to 1.5480 dollars in morning London trade from 1.5508 in New York late on ...

KARACHI  - Rupee on Thursday soared to 10-day high against the US dollar following increases in interest rates on several national saving schemes (NSS), dealers said. Finance Minister Naveed Qamar in a budget speech for fiscal 2008-2009 on Wednesday announced a hike of 2 per cent on ...

MADONNA'S adoption of little David is final, but now she has to deal with his biological father, who wants visitation rights with him. After twenty months in court, the adoption was finalized last month, granting adoption of David to Madonna. But Yohane Banda claims government officials had ...

LONDON (AFP) - The euro bounced back above 1.56 dollars on Tuesday as new data showed that the eurozone economy grew at a faster than expected pace in the first quarter of the year, analysts said. In European trading, the euro rose to 1.5617 dollars from 1.5540 in New York late on Monday. ...

Rupee value Monday dropped by 60/ 80 paisa in the inter-bank market. Money market dealers said that  the inter-bank market had closed at Rs69 for 1 dollar, while this increasing trend in the value of dollar spurred by importers buying dollars persisted even today, which during the trading was ...