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Crude lower in Asia

SINGAPORE: Crude prices turned lower in Asia on Tuesday as markets focused on Italy's record bond yields as a sign that the eurozone debt troubles were far from over, analysts said. New York's main contract, light sweet crude for delivery in December, dipped 13 cents to $95.39 per barrel. Brent North Sea crude for December fell 21 cents to $114.35. Concerns over Italy's all-time high bond yields sabotaging eurozone debt rescue efforts outweighed Greek progress in forming their government, said Ker Chung Yang, commodity analyst for Phillip Futures in Singapore. "Italy has overtaken Greece as the prime threat to the stability of the eurozone after t

Asian shares mixed as fears for Italy intensify

HONG KONG: Asian markets were mixed on Tuesday as Italy's deepening debt and political crisis overshadowed progress by Greece, another stricken eurozone member, towards installing a new government. Italy's borrowing rates have soared to unsustainable levels with the yield on its 10-year government bonds hitting a record 6.676 percent on Monday, although it had eased slightly to 6.582 percent in Asia early Tuesday. "Politics are now keeping markets on edge," said Khoon Goh, strategist at ANZ bank in Wellington. "Greece may still be hogging the headlines at present, but we could be moving from a Greek crisis towards an Italian crisis if policymakers d

Pak-China has strong strategic ties: Zardari

KARACHI: President Asif Ali Zardari has said that Pakistan and China have strong strategic ties and appreciated China’s support for Pakistan’s sovereignty, territorial integrity and underscored the importance of time-tested strategic partnership between the two countries. A Chinese delegation, led by Member of Central Committee of Communist Party of China (CPC), Lu Hao called on President Asif Ali Zardari at Bilawal House on Tuesday and discussed Pak-China bilateral relations and also ties between PPP and CPC. The discussion involved wide ranging matters including mutual cooperation in economic and finance sectors besides the regional situation.

Iran 'will never compromise rights' in nuclear programme

TEHRAN: Iran's envoy to the IAEA said Wednesday his country 'will never compromise its legitimate rights' in pursuing its atomic programme. "As a responsible state, the Islamic republic of Iran will never compromise its legitimate rights and will continue to comply with its commitments under the nuclear Non-Proliferation Treaty," Ali Asghar Soltanieh said, as cited by the official IRNA news agency. "Iran will continue its peaceful nuclear activities. And, just as many other previous claims were proven baseless, this time also they will not bear any results," he said. Soltanieh stressed that Iran's nuclear programme was entirely peaceful and that Ir

israeli threat

روس کے وزیر خارجہ نے خبر دار کیا ہے کہ ایران کے خلاف فوجی کارروائی ایک بہت بڑی غلطی ہو گی جس کے انتہائی غیر متوقع نتائج سامنے آ سکتے ہیں۔ سر۔ی لاروف ایران کے جوہری معاملے کو حل کرنے کا واحد راستہ سفارت کاری کا ہے میزائل حملوں کا نہیں۔ روس کے وزیر خارجہ کی طرف سے یہ بیان اسرائیل صدر شمعون پیریز کی طرف سے یہ دھمکی دیے جانے کے بعد سامنے آیا ہے کہ ایران پر حملے کے امکانات بڑھتے جا رہے ہیں۔ اقوام متحدہ کے جوہری توانائی کے ادارے آئی اے ای اے کی طرف سے اس ہفتے یہ اعلان کیے جانے کی توقع ہے کہ ایران خفیہ طور پر جوہری ہتھیار بنانے کی صلاحیت حاصل کر رہا ہے۔ سفارتی ذرائع کا کہنا ہے کہ آئی اے ای اے کی رپورٹ رواں ہفتے منگل یا بدھ کو سامنے آنے والی ہے جس میں ایسے ث

pak pm conference

پاکستان کے وزیراعظم سید یوسف رضا گیلانی نے کہا ہے کہ بین الاقوامی برادری کی حمایت اور تمام افغانیوں سے ان کی نظریاتی، نسلی اور سیاسی وابستگی سے بالا تر ہوکر بات چیت کے ذریعے افغانستان کے مسئلے کو حل کیا جاسکتا ہے۔یہ بات انہوں نے شنگھائی تعاون تنظیم کے دسویں سربراہی اجلاس سے خطاب کرتے ہوئے کہی جو روس کے شہر سینٹ پیٹرسبرگ میں ہورہا ہے۔ انہوں نے کہا کہ سیاسی حقیقت اور شفافیت اس بات کا تقاضا کرتی ہے کہ افغانستان کی سلامتی اور          خودمختاری کا سب احترام کریںسرکاری خبر رساں ادارے اے پی پی کے مطابق، وزیراعظم کے بقول پاکستان، افغانستان میں استحکام اور امن کے لیے کی جانے والی مفاہمتی اور تعمیری کوششوں میں وہاں کی حکومت اور عوام ک

Mardan girls’ govt. high school blown up

MARDAN: Some unknown militants blew up with explosives girls’ government high school at Katlingdheri area of the district here, Geo News reported. Police said that Katlingdheri girls’ school, which was recently upgraded to a high school by the Khayber Pukhtunkhaw government, was blown up with explosives. Police said that three rooms of the school were totally destroyed, while the remaining portion was partially damaged. Police said that there was none in the school and no loss of life occurred. However, a case has been registered and investigation started.

Strong quake hits Okinawa, no tsunami alert

TOKYO: A strong 6.8 magnitude earthquake struck in waters off Okinawa island on Tuesday, but there were no concerns about a tsunami, the US and Japanese agencies said. The quake occurred in the East China Sea, 218 kilometres (136 miles) west of Naha, Okinawa prefecture, the US Geological Survey said. The quake's depth was 222 kilometres (138 miles). There were no immediate reports of injuries or damage from the quake, which happened at 11:59 am (0259 GMT). Japan, located at the junction of four tectonic plates, experiences 20 percent of the strongest quakes recorded on Earth each year.

America's poor population up at 49mn

WASHINGTON: The number of poor Americans hit a record 49 million in 2010, or 16 percent, according to new data released on Monday that showed poverty rates for the elderly, Asians and Hispanics higher than previously known. The figures were calculated by the Census Bureau under a broad new measure intended to supplement the official standard with a fuller picture of poverty in the United States. Results contrast with official poverty data, released in September, that put the number of poor Americans at 46.2 million. The biggest rise occurred among people aged 65 and older who are being driven into poverty by out-of-pocket medical expenses, includin

Steep decline in FDI due to non-conducive environment

ISLAMABAD: Lack of conducive environment, law and order situation, political instability, rampant corruption and frail economy have had a worst impact on the foreign investment in the country, Geo News reported Sunday. According to the sources of Finance Ministry, the foreign investment to Pakistan has witnessed a whopping decline of 83 percent. During the first quarter of FY 2011-12, US, UK and other developed countries only invested to the tune of 50.1 million dollars in Pakistan compared to over 290 million dollars in the same period last year.

Govt drills 131 exploratory oil/gas wells

ISLAMABAD: The Ministry of Petroleum and Natural Resources has drilled 131 exploratory wells during the last five years to meet the growing needs of oil and gas in the country. "It a fact that the production of oil and gas in the country is less than their demand. However, the government has taken numerous steps to enhance their production," official sources told APP on Saturday. The sources said exploration licences for 30 blocks were granted during the year 2010. In the Petroleum Exploration and Production Policy - 2011, additional incentives have been offered to the investors for exploration of oil & gas in Pakistan, they added. The source

Lahore,Pakistan Weather Report

Location: Lahore,PakistanTemprature: 25 °C | 77 °F Weather: Smoke Humidity: 50% Wind: N at 0 mph Forecast Conditions Tue : 61°F - 82°F Mostly Sunny  Wed : 68°F - 86°F Partly Sunny  Thu : 64°F - 86°F Cloudy  Fri : 59°F - 86°F Partly Sunny 

Islamabad,Pakistan Weather Report

Location: Islamabad,PakistanTemprature: 17 °C | 63 °F Weather: Rain Humidity: 55% Wind: SW at 34 mph Forecast Conditions Tue : 59°F - 77°F Mostly Sunny  Wed : 59°F - 73°F Mostly Sunny  Thu : 59°F - 79°F Partly Sunny  Fri : 55°F - 79°F Clear 

Gujranwala,Pakistan Weather Report

Location: Gujranwala,PakistanTemprature: 25 °C | 77 °F Weather: Haze Humidity: 54% Wind: N at 0 mph Forecast Conditions Tue : 63°F - 84°F Mostly Sunny  Wed : 64°F - 86°F Mostly Sunny  Thu : 64°F - 86°F Cloudy  Fri : 59°F - 86°F Mostly Sunny 

Hyderabad,Pakistan Weather Report

Location: Hyderabad,PakistanTemprature: 27 °C | 81 °F Weather: Haze Humidity: 58% Wind: S at 5 mph Forecast Conditions Tue : 77°F - 95°F Mostly Sunny  Wed : 75°F - 95°F Cloudy  Thu : 73°F - 88°F Chance of Rain  Fri : 72°F - 91°F Mostly Sunny 

Rawalpindi,Pakistan Weather Report

Location: Rawalpindi,PakistanTemprature: 17 °C | 63 °F Weather: Rain Humidity: 55% Wind: SW at 34 mph Forecast Conditions Tue : 59°F - 77°F Mostly Sunny  Wed : 59°F - 73°F Mostly Sunny  Thu : 59°F - 79°F Partly Sunny  Fri : 55°F - 79°F Clear 

Karachi,Pakistan

Location: Karachi,Pakistan Temprature: 28 °C | 82 °F Weather: Cloudy Humidity: 70% Wind: NW at 4 mph Forecast Conditions  Tue : 73°F - 91°F Partly Sunny  Wed : 73°F - 91°F Partly Sunny  Thu : 72°F - 90°F Chance of Rain  Fri : 73°F - 91°F Mostly Sunny 

Clinton says US ready to work with Islamists groups

WASHINGTON: Secretary of State Hillary Clinton on Monday heralded the movements of Arab Spring and said the United States was prepared to work with rising Islamist groups in the region, such as those who enjoyed a recent election victory in Tunisia. The United States shares "their desire to see a Tunisian democracy emerge," she told an audience National Democratic Institute in Washington, in an address that emphasized: "not all Islamists are alike." What parties call themselves, she added, "is less important to us than what they actually do." Tunisia's main Islamist party Ennahda swept the polls in a landmark vote last month over their main challe

Israeli tank shelling

Israeli tank shelling at Shajjaiyeh neighbourhood of Gaza City on Monday, the second day of the Muslim al-Adha holiday, left three people injured, one of them seriously, according to witnesses. They said tanks fired six shells at homes and land in the area injuring three people, who were taken to Shifa hospital in Gaza where one was reported in serious condition. Israeli troops killed 12 people in the Gaza Strip in two days .

6.3 magnitude quake rocks parts of Punjab, KP, GB

LAHORE: A 6.3 magnitude earthquake struck various parts of federal capital, Punjab, Khyber Pakhtunkhwa (KP) and Gilgit-Baltistan (GB) triggering panic in the areas, Geo News reported. According to the details, quake jolted Islamabad, Rawalpindi, Lahore, Peshawar, Kohat, Mardan, Charsadda, Shangla, Hazara, Nohshera, Abbottabad, Haripur, Chakwal, Swat, Bajaur Agency, Lower Dir, Malakand among various other areas. The epicenter of the tremor was located at 350 kilometers north-west of Islamabad. The depth of the tremor was 200km below the surface.

Overall law, order under control: Malik

KARACHI: Interior Minister Rehman Malik has expressed his satisfaction on the overall law and order situation in Karachi. He also prayed for those who abuse him. "Street crimes are the major concern all over the country but overall situation of law and order is under control with due efficiency of the police and Rangers in Karachi," he said while talking to media persons after offering Eid ul Azha prayer at Babul Islam mosque on Monday. He said that directives have been issued to the police and other law enforcing agencies to curb all criminal activities. Referring to collection of hides of sacrificial animals, Rehman Malik said that the governme

Pakistan, China agree to expand cooperation

ST. PETERSBURG: Prime Minister Syed Yusuf Raza Gilani and Chinese Premier Wen Jiabao on Monday expressed their resolve to further strengthen bilateral ties in economic, defence and energy sectors for the mutual benefit of the two countries. The two leaders who met on the sidelines of summit of Shanghai Cooperation Organization, here discussed whole gamut of strategic and economic cooperation between their countries. They discussed the matters relating to agriculture, power generation and finance besides reviewing progress on Sino-Pak bilateral ties. Both reviewed strategic and defence cooperation besides exchanging intensive exchange of views on tr

Miss Venezuela wins Miss World crown

LONDON: Miss Venezuela, Ivian Lunasol Sarcos Colimenares, was crowned the 2011 winner of the Miss World beauty pageant at a glittering final ceremony in London on Sunday. Miss Philippines, Gwendoline Gaelle Sandrine Ruais, was named the runner-up, while Miss Puerto Rico, Amanda Victoria Vilanova Perez, came third. Sarcos Colimenares, 22, who works for a broadcasting company and has a degree in human resources, gasped and threw her hands to her face as she was announced the winner. Some 113 beauty queens from Albania to Zimbabwe took their place on the stage, with the show being broadcast live to an estimated audience of more than one billion viewe

CIA following Twitter, Facebook

McLEAN: In an anonymous industrial park in Virginia, in an unassuming brick building, the CIA is following tweets - up to 5 million a day. At the agency's Open Source Center, a team known affectionately as the "vengeful librarians" also pores over Facebook, newspapers, TV news channels, local radio stations, Internet chat rooms - anything overseas that anyone can access and contribute to openly. From Arabic to Mandarin Chinese, from an angry tweet to a thoughtful blog, the analysts gather the information, often in native tongue. They cross-reference it with the local newspaper or a clandestinely intercepted phone conversation. From there, they buil

Rain hampers Pakistan-Sri Lanka Test

SHARJAH: Constant rain made no play possible before lunch on the fifth morning of the third and final cricket Test between Pakistan and Sri Lanka on Monday. Both the umpires inspected the ground as covers were already in place before the scheduled start at 10:00 am (0600 GMT) and as it continued to rain there was no possibility of play. Sri Lanka were due to resume their second innings at 164-5, an overall lead of 237 runs. They are aiming to level the series in Sharjah after losing the second Test in Dubai by nine wickets. "The umpires will asses the situation after the break before taking any decision," it was announced. The first Test in Abu D

Pak-Russia ties are in greatest interest of region: PM Gilani

SAINT PETERSBERG: Prime Minister Syed Yousuf Raza Gilani has invited Russian people and the government for further improving relations, saying that Pak-Russia ties are in the greatest interest of the region. The Prime Minister was addressing businessmen and senior officials here. Gilani welcomed Prime Minister Putin’s proposal of Eurasian Union as a positive initiative for the well being and socio-economic uplift of all those countries, that would form this union. Pakistan also hopes that Eurasian Union will become a bridge of friendship and cooperation between Europe and Asia, he remarked. He said Pakistan attaches great importance to SCO and ho

Suicide attack kills ANP leader, gunman

SWABI: Awami National Party (ANP) leader and ex-union nazim Hanif Jadoon was killed with his gunman, while son and seven others hurt in suicide attack in Swabi's Malikabad area, Geo News reported. Police official DSP Qayum Khan confirmed the attack saying the deceased belonged to ANP. Hanif Jadoon was going home after offering Eid prayers when a suicide bomber detonated himself near his car. The injured were shifted to District Headquarter Hospital.

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Pakistan defeat India, reach tri-nation hockey tournament final

PERTH: Pakistan qualified for the final of tri-nation hockey tournament after ending up in a tie with India in its second match on Tuesday, reported Express 24/7.Pakistan will now play Australia in the finals in Perth on Thursday. The score between Pakistan and India was 1-1 in the semi-final.Pakistan will also play another tri-nation hockey tournament against India and Australia prior to the Champions Trophy. The tournament saw a few innovations being introduced, including reduced playing time and smaller hockey fields.In the first match of the series, Pakistan and India got into a physical brawl resulting in a number of Pakistani players injured w

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