News Desk

KARACHI

The MV Tasman Spirit, a 1979 vintage, Japanese-built, Malta-registered and Greek-owned crude oil tanker, chartered by the Pakistan National Shipping Corporation (PNSC) on behalf of the National Oil refinery in Korangi, got<a href="https://www.pakistantoday.com.pk/2011/09/06/tasman-spirit-saga-remembered/" title="Read more" >...</a>

Business

The Swiss National Bank shocked markets on Tuesday by setting an exchange rate cap on the soaring franc to stave off a recession, discouraging investors anxious about flagging global growth from using<a href="https://www.pakistantoday.com.pk/2011/09/06/swiss-draw-line-in-the-sand-to-weaken-franc/" title="Read more" >...</a>

ISLAMABAD

The New Islamabad International Airport, located in Fateh Jang Tehsil of Attock District some 30 km southwest of the Federal Capital, is expected to be completed and operational by 2014. a spokesman f

NATIONAL

Scores of Libyan army vehicles have crossed the desert frontier into Niger in what may be a dramatic, secretly negotiated bid by Muammar Gaddafi to seek refuge in a friendly African state,<a href="https://www.pakistantoday.com.pk/2011/09/06/gaddafi-may-seek-refuge-in-a-friendly-african-state/" title="Read more" >...</a>

Foreign

Norway is blocking payments of 300 million crowns ($55.2 million) in aid to Afghanistan until issues surrounding the collapse of the country’s biggest private lender, Kabulbank, are resolved, a Norwegian newspaper said<a href="https://www.pakistantoday.com.pk/2011/09/06/norway-freezes-afghanistan-aid-report/" title="Read more" >...</a>

Sports

The dusty wicket prepared for the first Australia-Sri Lanka Test in Galle was rated as poor by the match referee, the sport’s governing body said on Monday, ordering an inquiry. The Test<a href="https://www.pakistantoday.com.pk/2011/09/06/icc-orders-probe-into-sri-lanka-pitch/" title="Read more" >...</a>

At the end of Eid holidays on Monday life returned to normal in the twin cities with the reopening of offices and educational institutes. After spending Eid holidays in their native towns<a href="https://www.pakistantoday.com.pk/2011/09/06/eid-holidays-over-life-returns-to-normal-in-twin-cities/" title="Read more" >...</a>

NATIONAL

Turkish Prime Minister Recep Tayyip Erdogan announced a total freeze on military and trade ties with Israel and threatened on Tuesday to visit Gaza as the one-time allies’ diplomatic spat intensified, The<a href="https://www.pakistantoday.com.pk/2011/09/06/turkey-freezes-military-trade-ties-with-israel/" title="Read more" >...</a>

More than 60 percent parks, open plots, green belts, uncovered spaces and dug-up roads, which are nestling stagnant water; breading sites of dengue mosquitoes, still await fumigation by anti-dengue pesticides, which is<a href="https://www.pakistantoday.com.pk/2011/09/06/dengue-needs-to-be-killed-where-it-breeds/" title="Read more" >...</a>

NATIONAL

A strike to demand the release of political prisoners shut down Indian-administered Kashmir on Tuesday, as the chief minister warned that protests were denying an entire generation a proper education. The two-day<a href="https://www.pakistantoday.com.pk/2011/09/06/separatist-strike-cripples-indian-administered-kashmir/" title="Read more" >...</a>

Business

The KSE-100 index ended the day up by 157 points amid an all inclusive rally and broad based participation from local institutions. Bulls continued to march northward as the recent rally has<a href="https://www.pakistantoday.com.pk/2011/09/06/kse-witnesses-renewed-investor-confidence/" title="Read more" >...</a>

Microfinance sector in Pakistan is facing multiple internal and external challenges, despite due importance from the government. Studies suggest that internal weaknesses of microfinance institutions (MFIs), lack of adequate training, misuse of<a href="https://www.pakistantoday.com.pk/2011/09/06/microfinance-sector-confronting-challenges/" title="Read more" >...</a>