India, Pakistan united in T20 defeat (AFP via Yahoo! News)
Cricket superpowers India and Pakistan were united in defeat on Friday as their World Twenty20 title hopes took a battering.
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Proliferation worries and the missing Indian scientist
It is stuff of the espionage novels but the stark scenario created by the unexplained disappearance of an Indian nuclear scientist has sent alarm bell
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Pakistan News
UNHCR pays homage to colleagues killed in explosion
IslamabadUNHCR and other UN staff members held a special ceremony here on Friday and paid homage to their colleagues who were killed in Peshaw
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12 new schemes to have Rs151.8m
IslamabadThe federal government is set to announce an allocation of Rs151.804 million for 12 new development schemes in social welfare and spe
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Red Zone virtually under siege ahead of budget session
IslamabadThe Red Zone marked around Parliament House, Aiwan-e-Sadr, Prime Minister House, Diplomatic Enclave and other sensitive buildings alo
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Day against Child Labour observed
IslamabadThe International Labour Organisation (ILO) on Friday observed the World Day Against Child Labour in seven cities across Pakistan.br
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A rich portrayal of poetic traditions in Urdu
IslamabadKeeping up the powerful traditions of contemporary Urdu poetry, renowned expatriate poet Ashfaq Hussain launched his poetic collectio
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Pakistan planning offensive against terror havens (AP via Yahoo! News)
U.S. defense officials said Friday that Pakistan is planning a new assault into South Waziristan aimed at key al-Qaida strongholds, a move tied to the Obama administration’s broader strategy for the Afghanistan war.
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Two ex-generals called in the railways scam dock
ISLAMABAD: Two generals and close aides of former president Pervez Musharraf, Lt-Gen Saeedul Zafar and Lt-Gen Butt, sitting at the helm of Pakistan Ra
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Oil prices bow to profit taking, stronger dollar
NEW YORK: Oil prices succumbed to profit taking and a stronger dollar Friday at the end of a week of gains that saw prices peak above 73 dollars a barrel. New York’’s main futures contract, light sweet crude for delivery in July, fell to 72.04 dollars a barrel, a drop of 64 cents from Thursday’’s close. In London, Brent North Sea crude for July delivery shed 87 cents to settle at 70.92 dollars a barrel. “The market probably went up a little bit too quickly and I suspect we see some profit taking,” said Bart Melek of BMO Capital Markets. The New York contract had spiked about five dollars over the past three days, peaking at 73.23 dollars in intraday trade Thursday, its highest level since last October. On May 1, the price hovered around 50 dollars a barrel. Ellis Eckland, an independent analyst, noted that a firmer dollar makes dollar-priced oil more expensive for buyers using weaker currencies. “Basically you can explain the whole move with the stronger dollar and the stock equities off a little bit,” he said. The dollar’’s recent weakness against most major currencies had supported the oil rally, as had several reports indicating a pickup in weak energy demand. The market shrugged off an OPEC report suggesting that the worst of the impact from the global economic and financial crisis was past for the oil markets, as it fractionally reduced its demand estimate for 2009.
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