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News for Sunday, 16 Jan 2011

China grew 10.1pc in 2010

BEIJING - The Chinese economy grew around 10.1 percent last year, the deputy head of China's top economic planning agency said, which amounts to the fastest pace of annual growth...

Indian Basmati processor expects steady output

MUMBAI - Rice processor REI Agro Ltd is expecting its 2010-11 basmati rice output and exports to remain steady at last year's level and for revenues to grow due to...

Bank Al Habib encourages savings

KARACHI - Bank Al Habib is geared towards promoting the saving habit through its monthly saver account. The account offers monthly returns and no restriction to withdraw funds. The profit...

FBR achieves half of tax collection target

KARACHI - Federal Board of Revenue (FBR) Chairman Salman Siddiq has stated that the FBR has achieved 49 percent of its target tax collection in the last six months with...

Seven more killed in Karachi unrest

KARACHI - Violence in Karachi intensified after a former naib nazim of the Muttahida Qaumi Movement (MQM) was targeted by unidentified men in Farid Colony on Saturday.
The death toll...

US Congress vows to continue assisting Pakistan

ISLAMABAD - The US Congress has vowed to continue extending all possible assistance to Pakistan in countering terrorism and to achieve peace and prosperity. A seven-member US Senate delegation, led...

16 NATO tankers torched in Balochistan

QUETTA - At least 16 oil tankers carrying supplies for NATO forces in Afghanistan were badly damaged when unidentified armed assailants opened fire on them in Naseerabad district on Saturday....

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