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News for Tuesday, 7 Dec 2010

$30 billion inter-GCC rail network to be built by 2017

ABU DHABI: The Gulf Cooperation Council (GCC) region will have a railway network connecting all its member countries before the end of 2017, Council Secretary General Abdul Rahman Hamad Al...

NCEL shows exponential growth

LAHORE: Trading volumes at National Commodity Exchange Limited (NCEL) reached new record levels during November with total traded value amounting to Rs 35 billion. Total number of contracts traded exceeded...

P&G inaugurates Ariel plant at Port Qasim

KARACHI: Procter and Gamble Pakistan inaugurated its state of the art Ariel plant at Port Qasim earlier today. The plant will manufacture P&G's premium detergent brand, Ariel in Pakistan by...

Oil at 2-year high, above $90

LONDON: Oil rose above $90 a barrel for the first time in 26 months on Tuesday as the dollar fell and the freeze in Europe and the United States stoked...

Karachi Stock Exchange stagnant as tension on GST bill mounts

KARACHI: Pakistani stocks ended almost flat on Tuesday in dull trade as investors were cautious, awaiting clarification on the implementation of a reformed general sales tax under an IMF loan...

Leaders and democracy

The present elected civilian political arrangements will complete their third year in March 2011. Their survival is an achievement in the face of the pressures from the non-elected state institutions...

Hajj scam

How does one differentiate between refreshing candor and brazenness bordering on indifference? Minister for religious affairs Hamid Saeed Kazmi admitted to the Supreme Court the other day that there was...

Killings in Mohmand

While terrorist attacks in large urban centres are not taking place with the deadly regularity witnessed last year, the frequency of these attacks in tribal areas remains unchecked. The two...

The US vs Khan

New Year's Eve 2010 was the worst day of Kareem Khan's life. And now the whole world knows about it.

He has made international headlines of the disaster that...

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