Archive for: May, 2012

Sony slides to three-decade low on strategy doubts

(Reuters) – Shares in Sony Corp slumped more than 7 percent to near 32-year lows, as investors doubted the Japanese consumer electronics giant has a strategy to fix its loss-making TV business and compete in the smartphone market against Apple Inc and Samsung Electronics. The last time Sony shares were this low, in the summer […]

United Kingdom pledges enduring friendship with Pakistan

Prime Minister Syed Yousaf Raza Gilani has said that his visit would help to enhance political and cultural ties with United Kingdom, which pledged enduring friendship with Pakistan and building deeper stronger relationships. While speaking to the media, the Prime Minister said that Pakistan and the United Kingdom have numerous common values, adding that the […]

Pakistan Government to issues Rs70 billion TFCs

Pakistan Government to issues Rs70 billion TFCs Thursday, May 10, 2012: The Government of Pakistan is mulling over the option of issuing Rs70 billion TFCs (term finance certificates) in order to curb inter-corporate debt and tackle the power crisis. The government has decided to raise this amount from the reserves of Oil and Gas Development […]

Pakistan stock market suffers the lower world oil prices – Pakistan oil an gas news

Pakistan stock market suffers the lower world oil prices – Pakistan oil an gas news Islamabad, May 8 (Reuters) – Pakistan shares closed lower on Tuesday, led by sales of oil and gas sector due to lower world oil prices, analysts said. Karachi Stock Exchange (KSE) 100-test of stock index ended 0.71 percent or 104.01 […]

Victor Lustig, the King of Scam – Part 1

Few characters were as curious as Victor Lustig, who is widely believed to be considered the king of the scammers. Lustig was born in what is now the Czech Republic in January 1890. He had an amazing charisma and a winning smile. While still young he left his country and was engaged to defraud travellers […]

US condemns bombing in Damascus that claims 35 lives

US condemns bombing in Damascus that claims 35 lives Thursday, May 10, 2012: The United States has condemned in the strongest possible terms today’s attacks in Damascus. Any and all violence that results in the indiscriminate killing and injury of civilians is reprehensible and cannot be justified. In order to prevent another escalation of violence, […]

President convenes emergency meeting as loadshedding crisis engulfs the country

President convenes emergency meeting as loadshedding crisis engulfs the country Islamabad: (Thursday, May 10, 2012) President Asif Ali Zardari has convened an emergency meeting to mull over the lingering crisis of loadshedding in the country. According to Presidential spokesman Farhatullah Babar, the president cancelled his other engagements for this meeting. According to the sources, Federal […]

Naveed Qamar declares Power crisis as national issue

Naveed Qamar declares Power crisis as national issue Islamabad: (Thursday, May 10, 2012) Federal Minister for Water and Power Naveed Qamar claimed here today that unannounced loadshedding will end within 24 hours. Sharing details of the ongoing energy crisis that has engulfed the entire country and that is particularly affecting Punjab, the federal minister said […]

Pakistan successfully test fires Short Range Ballistic Missile Hatf III (Ghaznavi)

Pakistan successfully test fires Short Range Ballistic Missile Hatf III (Ghaznavi) Rawalpindi – May 10, 2012: Pakistan today conducted a successful training launch of Short Range Ballistic Missile Hatf III (Ghaznavi), which can carry nuclear and conventional warheads to a range of 290 kilometers.  The launch was conducted at the conclusion of the annual field training […]

PM Gilani lauds the UK govt.’s initiatives to boost bilateral trade and investment in Pakistan

PM Gilani lauds the UK govt.’s initiatives to boost bilateral trade and investment in Pakistan Thursday, May 10, 2012: Prime Minister Yousuf Raza Gilani, in his address to the British Parliamentarians yesterday here in House of Commons, said that there were strong reasons for both Pakistan and the United Kingdom to cherish this mutual relation. […]

Kumar Sangakkara predicts KKR will win IPL 5

Kolkata Knight Riders’ fantastic performance has forced Kumar Sangakkara to rate the Gautam Gambhir-led side as favourite for the ingoing fifth edition of the Indian Premier League (IPL). Prior to Delhi Daredevils’ victory over Deccan Chargers on Thursday, the Knight Riders were sitting on top of the points table. With eight wins in 12 matches, […]

Conference on climate change

Conference on climate change Climate change is a global issue and is of great concern for the entire international community. The global warming is causing widespread problems such as faster glacier melting, sea level rise, shortage of fresh water, prolonged droughts, ravaging floods, more frequent and intense forest fires, high intensity storms, extreme heat episodes, agricultural […]

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