Tripartite meeting on 7th Wage Board Award held

ISLAMABAD: A tripartite meeting on 7th Wage Board Award, comprising representatives of journalists and publishers, held at the Ministry of Information

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Muqam doubts govt sincerity to fight militancy

MANSEHRA: Provincial president of Pakistan Muslim League (Quaid) Ameer Muqam has alleged that the federal government was not sincere in its operation

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Pakistan News

Security measures for Ashura in place

Islamabad Additional security personnel backed by four wings of Rangers have been posted in the capital to maintain law and order during Ashur

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6,000 cops to be deployed in Rawalpindi: AIG

RAWALPINDI: Additional Inspector General Nasir Khan Durrani has issued instructions to all heads of police of the Rawalpindi Region that technical swe

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Pakistan News

Gas shortage to worsen as LNG imports not expected before Oct 2011a

KARACHI: The gas shortfall in Pakistan has widened to 700 million cubic feet per day (mmcfd) and first cargo of imported gas is not expected before Oc

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Five killed in Charsadda clashes

CHARSADDA: At least five people were shot dead in different incidents here on Tuesday. In Sar Dehri area of Charsadda, some assailants opened indiscr

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MKRMS seminar forerunner of drive against child abuse

LAHORE: Punjab Social Welfare Secretary Ayub Qazi has said that equal education opportunities can enhance the intellect of the society. A semi

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Indian PM accuses Pakistan over Mumbai attacks (AFP via Yahoo! News)

India’s prime minister on Tuesday said the Mumbai attacks had the support of “some official agencies” in Pakistan, and said Islamabad was using terrorism as an “instrument of state policy.”

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Police rescue Geo TV reporter, other newsmen

LAHORE: Security personnel of EME Society, which is governed by Defence Housing Authority (DHA), situated on Raiwind Road, manhandled media men and in

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Oil prices mixed as market focuses on soft demand

NEW YORK: Oil prices were mixed Tuesday as market concerns about soft demand eclipsed supply concerns amid rising geopolitical tensions in the oil-rich Middle East and a gas war between Russia and Ukraine. New York’’s main contract, light sweet crude for February, fell 23 cents a barrel to close at 48.58 dollars on the New York Mercantile Exchange. In London, Brent North Sea crude for delivery in February rose 91 cents to settle at 50.53 dollars on the InterContinental Exchange. “There was probably some profit taking, bolstered by the latest economic statistics which are negative. They highlighted the weakness of demand, while recently the market has been preoccupied by supply,” said Antoine Halff, an analyst at Newedge Group. US data showed a moderating decline in the huge services sector and a continued fall in industrial orders. Oil prices had found support above 50 dollars a barrel during the session on supply worries due to deepening geopolitical frictions, analysts said. The New York futures contract hit an intra-day peak of 50.47 dollars and Brent leapt to 52.21 dollars, a level last seen on December 1. Oil prices have firmed amid the Israel-Hamas conflict in the Gaza Strip and an escalating Russia-Ukraine gas war that is curbing supplies to Europe, analysts said.

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