Friday, 26 August 2011

Salman Taseer's son kidnapped from Lahore

 LAHORE: Shahbaz Taseer, son of slain former governor Punjab Salman Taseer has been kidnapped from Lahore's Gulburg area Friday, Geo News reported.

According to police, Shahbaz Taseer was traveling on his regular route from his residence to his office, when he was stopped by four men traveling in a car and on a motorcycle. He was removed from his vehicle and his mobile phones and laptop were thrown back in his car by the kidnappers.

After receiving news of the kidnapping, police rushed to the crime scene and surrounded the area.

Sources said that he was traveling with his friend who was later released by the kidnappers. His friend later informed the police about the abduction.

Rangers and police were deployed outside his residence after the incident.

Drug addict kills wife

 FAISALABAD: An addict killed his wife and threw her body in a canal in the area of D-Type Colony police station.

According to police, Ejaz strangulated Shumaila when she refused him to give money. Later, the accused threw the body into the canal.

However, on a tip-off, police recovered the body and started investigation by arresting accused Ejaz. (APP)

BDS Annual exam to begin from Sept 19

HYDERABAD: Liaquat University of Medical and Health Sciences Jamshoro informed here on Friday said that MCQ Theory Programme of Final Professional BDS Annual Examinations will start from September 19.

The examinations will be conducted at Jamshoro Campus and the schedule of examination programme is being issued separately, he said. (APP)

Citizens pray for peace in Karachi on PM's appeal

 MULTAN: Like other parts of the country, people of Multan observed a 'Youm-e-Dua' on Friday in response to an appeal from Prime Minister Syed Yusuf Raza Gilani for peace in Karachi and an end to other challenges being faced by the country.

A large number of citizens reached mosques to perform "Juma-tul-wida" prayers. Ulema from all schools of thought highlighted different aspects of blessings of Ramazan in their sermons. They stressed upon people to promote brotherhood and unity into their ranks as it was very essential to put the country on the way to progress and prosperity.

They also highlighted fruits of peace and appealed anti-social elements to stop violence as it was damaging the soft image of Islam and the country. They also appealed to Ulema, politicians and civil society to play their effective role in peace in Karachi.

Big gatherings of "Namazis" were seen at Abdali Mosque, Markaz Ibn Ul Qasim, Shahi Mosque Eid Ghah, Qadeemi Mosque Shah Gardez, Shahi Mosque Totlanwali, Jamia Mosque Khawaja Owais, Jamia Masjid Mumtazabad and other mosques. (APP)

Eid shopping gains momentum in Quetta

QUETTA: Eid shopping has gained momentum with large number of people visiting the shopping centers and other markets of the provincial capital.

As the Eid-ul-Fitr was nearing, the main markets and trade centers in downtown are crowed with buying stuffs such as shoes, jewellery, cosmetics and other wearing.

The bazaars are seen flooded with visitors specially women and children. The shopkeepers have displayed their best items outside their shops to appeal the customers while vendors have also set up carts on footpaths.

Owing to the dilapidated conditions of the city roads and additional vehicles coming from across the province to Quetta for shopping, roads were seen crammed with vehicles forcing them wait in queue for hours.

Law enforcement agencies have adopted stringent security measures to cover the shopping areas and to avoid untoward incident. Police personnel in plain clothes have also been deployed in the city to keep vigil on the anti-social elements. (APP)

PSC appoints subject specialists, lecturers

 PESAHAWAR: On the recommendation of Khyber Pakhtunkhwa Public Service Commission, the government has appointed Imtiaz Khan S/O Juma Khan, Subject Specialist, Govt: Higher Secondary School, Billi Tang, Kohat and Nadeem Akhtar S/O Abdul Ghaffar, Lecturer in Statistics, GPGC Bannu as Male Assistant Professors of Statistics (BS-18) of College Cadre in Higher Education Department with immediate effect and posted them against the vacant posts in the GPGC Kohat and GDC Badaber Peshawar respectively.

Similarly on the recommendation of Khyber Pakhtunkhwa PSC, the government has also appointed certain recommended candidates of the commission as Male Assistant Professors of Computer Science (BS-18) of college cadre in Higher Education Department, with immediate effect on the usual terms and conditions and posted them in the colleges noted against each.

They included; Shoukatullah S/O Saleh Muhammad, Lecturer, GPGC Bannu posted at GDC Domail, Bannu while Jehangir Khan S/O Almas Khan, Lecturer, GC Peshawar posted at GPGC Nowshera against the vacant posts. Likewise, Syed Ishtiaq Hussain S/O Syed Mazhar Hussain Shah, Lecturer, GC Peshawar posted in the same college against the post of Khalid Sohail, Assistant Professor, GC Peshawar selected in BS-19 by PSC and Fida Hussain S/O Gulzar Hussain, Department of Computer Science, University of Swat, Saidu Sharif Swat who has been posted at GDC Yar Hussain Swabi and Muhammad Zubair S/O Haji Banaras, Lecturer, H.No. 165, Street No. 8 Sector J-3, Phase-II, Hayatabad Peshawar posted at GDC Zarobi Swabi against the vacant posts respectively.

Moreover, Government of Khyber Pakhtunkhwa has regularized the services of Taifullah S/O Ghandal Khan, BS-17 Lecturer in Islamiyat at GDC Jamrud, Khyber Agency and Muhammad Hasnain, BS-17 Lecturer in Urdu, GPGC Kohat who were appointed on adhoc basis with effect from September 24, 2009. (APP)

Halal-tagged vaccine ad spurs controversy


ISLAMABAD: A leading consumer group has protested against the use of religion by a Swiss pharmaceutical transnational company to sell its vaccine tagging it with Halal.

A spokesman of the group said that Halal is an Arabic word which means religiously permissible, fearing that it may affect other vaccines crucial for children and women survival.

He added the said company advertised its vaccine for meningitis under
cover of 'public service message' flashing a popular celebrity, a TV person of religious program to weight the ad and target consumers in a deceptive manner.

He said on the complaint of The Network for Consumer Protection, the
Competition Commission of Pakistan, a state-funded body to ensure fair business practices, has already initiated probe and issued a letter to the company asking it to explain the said ad.

He said the advertisement is targeting around 200,000 intending pilgrims, who need to get vaccinated against Meningitis before traveling to Saudi Arabia.

He said another pharmaceutical company has also adopted the same
advertisement strategy and is claiming that its vaccine imported from Belgium is also Halal by using the image of Holy Makkah to deceive the consumers.

CEO of The Network, a member body of the Consumer International, a UK based world federation of consumer groups, Nadeem Iqbal said that use of such words like Halal may negatively affect on use of other vaccines particularly being used for polio eradication in the country.


He said this trend of tagging a product with Halal or Haram is not restricted to health sector only but the use of religion to sell products has also spread to banking sector.

He said The Network for Consumer Protection has already lodged a complaint with the Competition Commission against a Middle Eastern Bank, which is using similar tactics to entice the customers besides a company which is making milk packs. (APP)

75 challans against overcharging

 LAHORE: Price Control Magistrates of the City Government during ongoing drive got arrested five shopkeepers after lodging FIRs besides issuing challans against 75 others for overcharging and hoarding in various areas on Friday.

The magistrates also imposed fine of Rs 87,100 during the crackdown in Ramazan Bazaars.

According to a report presented to the DCO on Friday, the special teams checked more than 156 shopkeepers, wholesale dealers and stockist across the city out of which 80 were found violating the price act and the action was taken against them.

DCO Ahad Cheema directed the city administration to take appropriate measures to ensure availability essential items at reasonable rates. He said that the government was utilizing all possible resources to provide good quality essential items to the public on reduced rates .

He also issued instructions to ensure the sale of essential items on wholesale rates at all super stores. (APP)


Gold resurges to Rs 50,571 per tola

KARACHI: Gold jumped by Rs 1,714 to close at Rs50,571 per 10 grams in the local market Friday, as its international price also soared to $ 1,785 an ounce, market sources said.

According to Karachi Saraf Association official, tola (11.664grams) price also surged by Rs 2,000 to Rs 59,000. He said gold has climbed again on fresh buying in the international market after plunging on Thursday.

Silver closed unchanged at Rs 1,114.28 per 10 grams. (APP)



Rs3.6mn looted from bank

 KARACHI: Armed dacoits looted Rs3.8 million from a private bank on Friday near Metro Cinema in the limits of Pirabad Police Station, police said.

An official Zulfiqar at the station said eight to ten armed culprits entered UBL Branch situated in Orangi Town around ten o’clock, held hostage staff and looted Rs3.8 million and decamped with booty.

Police registered FIR 477/2001 and obtained close-circuit television footage for further probe. (PPI)

England squad named for ODI series against India

LONDON: Kevin Pietersen was the big name missing from the England squad announced on Friday for the upcoming five-match one-day international series against India.

The first-choice batsman has been rested as part of the England and Wales Cricket Board's policy of 'workload management'.

Ben Stokes, who made his England debut in Thursday's win over Ireland, has been retained alongside a clutch of returning stars who were excused the trip to Dublin.

England have rested a number of players under Andy Flower's leadership, with the likes of James Anderson, Paul Collingwood and -- before his retirement from the one-day game -- Andrew Strauss among those to have benefited from a break.

Pietersen will play in the Twenty20 match at Old Trafford on Wednesday before standing down for the ODI series, which starts in Durham on September 3.

Explaining the move, national selector Geoff Miller said: "The decision to omit Kevin Pietersen from the one-day squad is in line with our policy of sensibly managing player workloads and will give the opportunity to another batsmen to test himself batting at number four."

Ian Bell, back in the squad alongside five other regulars who skipped the 11-run win over Ireland, would appear to be the man most likely to take that role, creating a chance for Stokes at number six.

The 20-year-old, born in New Zealand but raised in Cumbria, made just three at Clontarf before falling to Paul Stirling but is held in high regard by the England hierarchy.

He effectively takes the all-rounder role previously bestowed on Luke Wright, who has enjoyed only modest returns in recent times.

Stokes is not currently bowling due to a finger injury but with Ravi Bopara and Samit Patel also included, there should be no shortage of options.

The elevation of Buttler and Hales, meanwhile, continues England's interest in the next generation following yesterday's debut caps for Stokes, Scott Borthwick and James Taylor.

Alastair Cook will return at the top of the one-day order and reclaim the captaincy from Eoin Morgan, while Stuart Broad will skipper the Twenty20 side for the second time in Manchester.

Uncapped pair Jos Buttler of Somerset and Alex Hales of Nottinghamshire have been called up to the Twenty20 squad.

England squad
Alastair Cook (captain), James Anderson, Ian Bell, Ravi Bopara, Tim Bresnan, Stuart Broad, Jade Dernbach, Steven Finn, Craig Kieswetter, Eoin Morgan, Samit Patel, Ben Stokes, Graeme Swann, Jonathan Trott

India-Pakistan football series delayed

KARACHI: Hopes of a revival of India-Pakistan sporting ties were dashed on Friday when a two-match football series between the two sides scheduled to be held in Britain next month was called off, an official said.

"The series has been postponed due to unavoidable circumstances and a fresh date will be announced in due course," said a PFF spokesman in a statement.

The two-matches were scheduled for Derby on September 3 and Glasgow on September 9 and were anxiously awaited by fans at home and in Britain, which has a sizeable South Asian population.

Pakistan had announced a 22-member squad for the series on Thursday and the team was scheduled to fly on Saturday.

The series was supposed to be played last year but the Indian Football Federation could not get clearance from its own government.

New Delhi put a stop to bilateral sporting ties with Pakistan in the wake of terrorist attacks on Mumbai in 2006, which India blamed on militants based in Pakistan.

The attacks, which killed 166 people, led to India's abandoning their national cricket team's tour of Pakistan in early 2009, and no series have been played since.

Pakistan cricket authorities are trying to organise a tour of India early next year.

Risalpur bomb blast culprits copped

NOWSHEHRA: Police have apprehended two Tehrik-e-Talban Pakistan (TTP) commanders who allegedly detonated a bomb in Risalpur a day earlier killing a number of people, Geo News reported Friday.

TTP commanders Shahid Khaqan alias Abu Moosa and Hanif alias Abu Zarrar were trying to escape when they ran into a police party checking people leaving the city. They did give police a chase, but the long arm of the law reached them before they could flee.

A remote-detonator and some important documents were recovered from them as well.

ICC announces Test team of the year

 LONDON: Sri Lankan, Kumar Sangakkara was named captain and wicketkeeper for the International Cricket Council’s Test team of the year. England dominated the squad with 11 players in the lineup.

Alastair Cook, Jonathan Trott, Stuart Broad, Graeme Swann and James Anderson have all been picked by an ICC panel chaired by former West Indies captain Clive Lloyd.

Dale Steyn makes it into the lineup for the fourth straight year alongside South Africa teammates Hashim Amla, AB de Villiers and Jacques Kallis. India batting great Sachin Tendulkar completes the side. India pace bowler Zaheer Khan was picked as 12th man.

Trott and Cook both made it onto four-man shortlists for the Cricketer of the Year and Test Player of the Year awards.

The team only includes players from five countries and no Pakistani player has been selected.

Khosa slams Punjab govt. over Shahbaz Taseer's kidnapping

 LAHORE: Governor Punjab Latif Khosa strongly criticized the provincial government over the kidnapping of Shahbaz Taseer, Geo News reported.

He said that either the Punjab government was involved in the kidnapping or it was incompetent. He added that fingers had also been pointed at the Punjab government over the killing of slain Salman Taseer.

Speaking to a press conference at Governor House Lahore, Latif Khosa said that Shahbaz Sharif should come back to control Punjab and rescue Shahbaz Taseer rather than preaching about Karachi’s situation.

The governor said that the policy of reconciliation should not be considered their weakness.

Earlier Salman Taseer was killed and now his son Shahbaz Taseer has been kidnapped; actions like these will not be tolerated. The absence of providing security and the kidnapping of Shahbaz Taseer could be a conspiracy to derail democracy.

India's corruption deadlock looks set to end soon

 NEW DELHI: India's parliament prepared on Friday to debate the anti-corruption proposals of a self-styled Gandhian activist in a move to end an 11-day hunger strike that has united millions of Indians against Prime Minister Manmohan Singh's government.

The campaign by 74-year-old Anna Hazare has sparked the biggest protests in decades from a middle class angered by endemic bribes. He emerged as a lightening rod for widespread anger at a political class seen as arrogant and out-of touch.

The debate on Hazare's proposals to create a powerful anti-corruption agency, a condition he made to end his fast, may take place on Saturday as parliament struggled on Friday to agree on the wording of several of the proposals, sources in the ruling Congress Party told.

Several thousand supporters gathered by the stage where Hazare was fasting in an open ground in the capital, New Delhi, singing Bollywood songs. Hazare has lost 7 kilos, but his health is stable, doctors said.

After a personal appeal from Singh, Hazare said on Thursday evening he would consider breaking his fast if parliament began discussing his tough anti-corruption proposals, including incorporating low level civil servants into graft probes.

There was some confusion to whether Hazare would end the fast at the start of the debate or when the anti-corruption bill was passed, and the debate may not take place on Friday. (Reuters)


Geo News gets CCTV video of Shahbaz’s car

  LAHORE: Geo News has received CCTV video footage of Shahbaz Taseer’s car moments before he was kidnapped in the Gulberg area of the city.

The video shows the white Mercedes of Shahbaz Taseer making a turn towards his office at 10:19 AM. It is on this street that the son of the former Punjab governor was kidnapped.

Reportedly, an SUV and a motorcycle with at least four men on them were on Shahbaz Taseer's car's tail before he was abducted on Friday morning.

Police say that Shahbaz had been provided with a security escort, which was not with him at the time of the kidnapping.

Zardari asks tradesfolk to innovate


ISLAMABAD: President Asif Ali Zardari Friday urged the business community to come forward with out of box proposals to the government to overcome economic challenges.

He was talking to a delegation of Federation of Pakistan
Chambers of Commerce & Industry (FPCCI) - the apex body representing trade and industry and mouthpiece of country's private sector, here at the President House.

The President said that business community of the country
should help the government in restoring the confidence of the people
in the strength and vitality of the national economy through the
important platform of FPCCI.

The meeting, in line with regular interaction of the President with the representatives of the business community, was aimed at seeking their cooperation and suggestions to stimulate economic activities and for steps to further promote business friendly environment in the country.

The President thanked the business community for support at a
time when the government had inherited the economic ills and was
undertaking military operation against the extremists and militants,
besides also coping with the devastation of natural calamities.

He termed the business community as an invaluable asset and an
important vehicle for economic progress, geared to bring about
socio-economic development of the people of the country.

The President said that a combination of domestic and
international factors have, of late, affected the economic activity
in the country. However he said the government was taking measures
to improve the security situation so as to resume the economic
activity.

The President also called upon FPCCI to play a more active
role in articulating problems of business community and safeguarding
their interests through regular engagement with the government.

He said that synergies of public private partnerships and
combined efforts promise the desired objective of ushering a new era of socio-economic prosperity.
The delegation members appreciated the President for his regular interaction with the business community and discussed issues faced by the community. They also suggested ways to make economic environment conducive for the foreign and domestic investors.

The meeting was attended by Minister for Finance Dr. Abdul
Hafeez Sheikh, Minister for Petroleum & Natural Resources Dr. Asim
Hussain, Secretary General to the President M. Salman Faruqui,
Chairman BOI Saleem H. Mandviwala, and Federal Secretaries of
relevant divisions.

Senator Haji Ghulam Ali President of FPCCI, Vice President of CACCI Tariq Saeed, Iftikhar Ali Malik, and Chaudhary Aamar Ata Bajwa, represented FPCCI. (APP)

Thursday, 25 August 2011

Regular physical activity essential during Ramazan

Islamabad

Many people tend to avoid physical activity during Ramazan due to the risk of dehydration. This is a misconception. Just as it is essential to fully embrace the spiritual aspects of Ramazan, it is also important to continue and maintain one s physical activity routine, with the type of exercise being adjusted according to meal timings during the fast.

Consultant nutritionist at Shifa International Dr. Rezzan gave this piece of advice while talking to this correspondent here on Wednesday. Although the advice comes a little late, given that Ramazan is almost over, the importance of regular physical activity during the holy month should be remembered nevertheless. Physical activity should be an important part of the Ramazan schedule. The fasting month can be a perfect time for losing unwanted fat, and maintaining body muscle and tone. The common misconception is to cut back totally on exercise and workout, and resume it after Eidul Fitr. Completely avoiding training during Ramazan fasting can lead to loss of muscle, strength and stamina, Dr. Rezzan stated in a single breath.

Although fasting might cause dehydration symptoms like fatigue, dizziness and headache, most of the sport authorities recommend continuing on daily exercise with the caution of avoiding high-impact sports during the day. The type of exercise should be adjusted according to the time of fasting and the meal timings. Cardio exercises such as walking, cycling, swimming and aerobics can be recommendable either a few hours prior to breaking the fast, since the body will be refuelled shortly thereafter, or after breaking the fast, the nutritionist said. With reference to weight training, Dr. Rezzan recommended that it be done either before sehri or after iftar. If the workout will be after breaking the fast, meals should be in small portions and should include easily digestible foods such as milk and products combined with fruit and cereals or light sandwich made with bran bread and combined with any protein food (i.e., chicken, fish, cheese, peanut butter, etc).

Exercise, Dr. Rezzan said, can be followed with another light dinner. Ramazan should not be the month of excessive eating or total relaxation. One should still continue normal routine life and daily activities, exercise and maintain a healthy body. The body copes well with physical activity, she informed.

During Ramazan, meal frequency reduces to two rather than three, with no snacks in-between the two meals. Due to longer summer days, the gap between the two meals is about 15 hours this Ramazan. The body reacts to the fasts by increasing the fat stores. This fat is consumed over the course of the day, Dr. Rezzan said.

Meals should ideally be balanced with foods from all the five food groups namely, milk and milk products, grains, meat/pulses, fruits, and vegetables. Fill two-thirds of the plate with grains, fruit and vegetables, and one-third with protein foods such as chicken, fish, mutton, beef, egg or pulses. Include about half a cup of milk or yoghurt to sehri and iftar meals, the dietician recommended.

It is important to ensure that sufficient water is consumed between iftar and sehri. At least eight glasses a day is the recommendation. Lack of water stresses the body greatly, and can also lead to painful headaches.

Instead of a balanced meal, if mostly fried food, juices and sweets are consumed, more fat will be accumulated in the body than can be burned off during the day, which will contribute to obesity, and can lead to a number of injurious health conditions such as diabetes, Dr. Rezzan warned in conclusion.

Britain, Switzerland conclude tax deal: Bern

GENEVA: Switzerland and Britain have concluded a tax deal to regularise any hidden assets held by British taxpayers in the alpine state, the Swiss Finance Ministry said in a statement Wednesday.

In future, investment income and capital gains arising from these assets would also be covered by a final withholding tax, at a rate of between 27 and 48 percent.

Swiss banks would pay 500 million francs (436 million euros, $629 million) to British tax authorities, a sum which would be offset by any voluntary payments by British taxpayers.

"Today in Zurich, British and Swiss negotiators concluded the negotiations on outstanding tax issues and initialled a tax agreement," said the ministry.

"Under this agreement, persons resident in the United Kingdom can retrospectively tax their existing banking relationships in Switzerland either by making a one-off tax payment or by disclosing their accounts," it added.

Those who choose to make an anonymous lump-sum payment would be subject to a tax rate of between 19 to 34 percent of the assets. The magnitude of the tax rate would depend on the duration of the account held in Switzerland, as well as the sum of capital.

The deal is largely similar to another accord struck between Switzerland and Germany on August 10, which also allows German taxpayers to regularise their hidden assets through a one-off lump sum tax payment at the same rates.

In addition, like the German deal, to prevent new undeclared funds from entering Swiss banks, British authorities would be able to request information on suspected tax cheats.

The number of requests made "will be in the low to mid-hundreds and not exceed 500 per year," said the finance ministry.

With Wednesday's deal, Britain has also said it does not envisage buying any stolen bank client data in order to snare tax cheats, claimed Bern.

"The two agreements with Germany and the UK show that Switzerland is serious about implementing its white money strategy," said Finance Minister Eveline Widmer-Schlumpf.

"This creates legal certainty and will strengthen the competitiveness and the reputation of Switzerland as a financial centre in the long term," she added.

The Swiss Bankers Association welcomed the deal.

"As a banker, I am especially grateful that clients have been offered a fair solution for regularising their assets," said Patrick Odier, chairman of the association.

Unconfirmed estimates of British assets hidden in Switzerland range from 59.6 billion francs to 162 billion francs (#125 billion).

Switzerland came under intense pressure over its banking secrecy rules following the financial crisis, as governments, reeling in debt, sought to recover taxes from assets hidden by their citizens in Swiss banks.

Facing a threat from the OECD to put it on a tax haven blacklist, Switzerland finally moved to ease banking secrecy by negotiating several deals with countries to offer cooperation to root out tax evaders. (AFP)

Israeli raids kill 3 more Palestinians in Gaza: medics

 GAZA CITY: An Israeli air strike killed two Palestinians and wounded 20 others in the northern Gaza Strip, while a third died of wounds received earlier, Palestinian medical sources said Thursday.

The attack at Beit Lahiya at the end of a day of exchanges between the Israeli air force and Palestinian freedom fighters took the total Palestinian death toll to six in some 24 hours and threatened a fragile truce agreed at the beginning of the week.

Oil higher ahead of Bernanke speech

 SINGAPORE: Oil was higher in Asian trade on Thursday ahead of a speech by US Federal Reserve chief Ben Bernanke, analysts said.

Oil markets were also underpinned by the ongoing Libya unrest as it became increasingly apparent that the North African country will take longer than expected to get its crude production facilities back to pre-crisis levels.

New York's main contract, West Texas Intermediate light sweet crude for October delivery rose 14 cents to $85.30 a barrel and Brent North Sea crude for October delivery was 21 cents up at $110.36.

"Over the coming week, crude markets will be looking for clearer information on the condition of the Libyan oil and gas infrastructure," said Sanjeev Gupta, who heads Ernst and Young's Asia-Pacific oil and gas practice.

Oil prices could drop temporarily if the crisis in the oil-rich North African nation eases, or if strongman Moamer Kadhafi is caught, said SEB Commodity Research analyst Filip Petersson.

"Bearish influences could come from Libya -- e.g. if Kadhafi is caught - but these are likely to be short-lived as the market is starting to realise that Libya is highly unlikely to be back at pre-war capacity anytime soon," he said.

Meanwhile, investors are watching out for Friday's speech by Bernanke, which will be scrutinised for signs of whether he will support new stimulus measures to juice the sluggish economy.

The US is the world's largest oil-consuming nation. (AFP)

Asian markets jump after Wall Street rally

HONG KONG: Asian markets surged on Thursday, following another rally on Wall Street and ahead of a speech by Fed chief Ben Bernanke that many hope will outline plans to kickstart the ailing US economy.

The more positive mood -- helped by a strong batch of US manufacturing data -- saw safe haven assets fall, with gold tumbling from its record high above $1,900 and the yen weakening.

Regional firms with links to Apple slipped and its rivals rose after Steve Jobs announced his resignation of the US computer giant on Wednesday.

Tokyo gained 1,43 percent by the break, Hong Kong was 1.36 percent higher, Sydney added 1.04 percent and Shanghai rose 0.49 percent while Seoul climbed 1.67 percent.

Traders took their cue from a third straight day of gains on Wall Street, where sentiment was boosted by data from the US Commerce Department showing new orders for durable goods rebounding 4.0 percent in July from June, suggesting manufacturing growth could pick up in the coming months.

Markets are also buoyant as they await Bernanke's speech on Friday, which will be closely watched for signs of whether he endorses a further loosening of monetary policy to boost the world's leading economy.

Last year, during a speech at the same annual conference he hinted that the Fed might launch a second round of quantitative easing -- essentially, injecting fresh money into the economy in a bid to pump up growth. The Fed later carried through on the policy, fuelling a months-long stock surge.

On Wednesday the Dow rallied 1.29 percent, the S&P 500 rose 1.31 percent and the Nasdaq added 0.88 percent.

The upbeat sentiment sent the price of gold tumbling in London, where it bottomed out at around $1,760 an ounce just days after it hit a record high $1,913.

The precious metal opened in Hong Kong at $1,763.00-$1,764.00 an ounce.

On currency markets the yen was slightly down from the previous days' highs.

The dollar rose to 77.06 yen in Tokyo morning trade from 76.97 yen in New York late Wednesday. It had been at 76.64 in Asia Wednesday.

Against the Japanese currency the euro edged up to 111.06 yen from 110.97 in New York Wednesday and 110.49 in Asia.

The euro bought $1.4412, almost flat from New York.

However, despite the brighter data Kazuhiro Takahashi, general manager of investment strategy and research at Daiwa Securities in Japan, offered a note of caution.

"The three-day advance in US stocks is prompting bargain-hunting and short-covering, but overall sentiment still leans towards pessimism and trading will likely continue to be volatile going into next week," he told.

In the technology sector Apple-reliant shares were lower after Jobs - considered the soul of the firm -- said he would resign as the firm's CEO.

Shares in the maker of the iPhone and iPad tumbled 5.3 percent in after-hours US trade.

Softbank, Japan's only Apple distributor, edged down 0.1 percent, while Taiwan component supplier Hon Hai Precision shed 1.2 percent.

However, Apple rivals rose, with HTC gaining 3.8 percent in Taipei and in Seoul Samsung Electronics rose 2.3 percent while LG Electronics, the world's third-biggest mobile phone maker, climbed four percent.

Oil continued to edge back up as rebels and pro=government forces continued to battle it out in the Libyan capital of Tripoli.

Brent North Sea crude for October delivery rose 18 cents to $110.33. The contract had tumbled this week as it looked like the six-month battle for the country was drawing to a close, which would allow oil to flow again.

New York's main contract light sweet crude for October delivery added 31 cents to $85.47 a barrel. (AFP)

Karachi search operation underway, 15 held

 KARACHI: Police has arrested fifteen suspects during a search operation that was carried out in different areas of Karachi in wee hours of Thursday, Geo News reported. Cases have also been launched against four suspects.

According to the police, the operation was launched on the intelligence report regarding presence of suspected criminals in the area of Chanesar Goth.

Police conducted raids along with special protection group, however, no suspects were present in the area at the time of operation but police apprehended 14 suspects in the presence of media personnel in the area.
Women in the area protested against the arrests due to which four persons were set free and sent back to home.

Police also carried out search operation in Majeed Colony area of Quaidabad and nabbed five suspects while other three were arrested from Gulshan-e-Maymar and the surrounding areas. Ammunition and a stolen motorcycle were also recovered from their possession.

A case was registered against a political party member named Siraj Qadri who is involved in extortion. He was arrested from Sir Syed Town area of North Karachi along with ammunition.

90 suspects arrested from Karachi: Rehman Malik

ISLAMABAD: Interior Minister Rehman Malik said that police and Rangers have arrested 90 suspects on different charges during surgical action in different areas of the city, Geo News reported Thursday.

Malik, in his statement, said that targeted operation is underway against the criminals and the security forces are taking prompt action following the information received by intelligence agencies.

He said that police and Rangers have conducted 84 raids so far and arrested 90 suspects from different areas used as hideouts by these criminals. A large amount of ammunition was also recovered from their possession.

The Interior Minister called for promoting the idea of unity among the people in the city. He appealed to the masses to cooperate with the Rangers and police during action against the criminals.

Rehman Malik said Rangers and police were taking full action against criminals and they were successful in their efforts.

The Interior Minister also said that the security forces will continue operation against terrorism until peace is restored in the city.

Dollar holds firm on strong US data

TOKYO: The dollar held steady against other major currencies in Asia on Thursday as upbeat US manufacturing data improved sentiment over the world's largest economy, boosting risk appetite.

The dollar rose to 77.06 yen in Tokyo morning trade from 76.97 yen in New York late Wednesday.

The euro bought $1.4412, almost flat from New York. Against the Japanese currency the euro edged up to 111.06 yen from 110.97.

The dollar got a boost from a better-than-expected gain in US durable goods orders while gold prices collapsed by more than eight percent from a record high hit on Tuesday.

The US Commerce Department said Wednesday new orders for US durable goods rebounded 4.0 percent in July from June, which suggested manufacturing growth could pick up in the coming months.

Analysts said the forex market would not see any major moves until a much-awaited speech by US Federal Reserve chief Ben Bernanke on Friday, expected to reveal whether the Fed will further loosen monetary policy.

"The better US data overnight has lowered expectations of QE (quantitative easing) but allowed some cautious optimism for the US economy," National Australia Bank said in a note.

The yen lost some steam as investors sell the safe-haven currency and adjust up holdings of higher-yielding, risk-sensitive assets, said Minoru Shioiri, chief manager of FX trading at Mitsubishi UFJ Morgan Stanley Securities.

"Today's movement is caused by a continuation of the trend we saw yesterday, with the yen and Swiss franc depreciating, as the price of gold dropped," he told.

The dollar was changing hands at 0.7957 against the Swiss franc, compared with 0.7952 francs in New York. (AFP)

Neil Armstrong urges return to the Moon


SYDNEY: Neil Armstrong has urged a return to the Moon to train for missions to Mars as the United States contemplates the future of its space programme following the end of the shuttle era.

The first man to walk on the Moon is due to address the US Congress on new directions for NASA in coming weeks.

He has previously criticised US President Barack Obama for being "poorly advised" on space matters and said it was "well known to all that the American space programme is in some chaos at the present time, some disarray".

"There are multiple opinions on which goals should be the most important and the most pressing," he told a function in Sydney late Wednesday.

The US shuttle programme came to an end last month with the Atlantis cruising home for a final time, 42 years after Armstrong became the first person to set foot on the Moon as part of the Apollo 11 mission.

Critics have assailed NASA for lacking focus, with no next-generation human space flight mission to replace the shuttle programme.

Now 81, Armstrong said the agency had become a "shuttlecock" for the "war of words" between the executive, legislative and congressional arms of US government.

The normally private and reserved space veteran said Mars should be the next frontier for exploration but urged more missions to the Moon as the vital next step.

Armstrong said working on the Moon would allow scientists to practise "a lot of the things that you need to do when you are going further out in the solar system" while maintaining relatively close contact with Mission Control.

Communication is the major problem for trips to Mars, he added, with the relay of a message between Earth and the Red Planet delayed by about 20 minutes, compared with 1.5 seconds between here and the Moon.

Travel time is also a major concern, with the quickest journey of two months only possible when Mars is closest to Earth -- when it also happens to be spinning most rapidly, meaning massive amounts of fuel are required to land.

Armstrong said Mars was a "worthy challenge" but it was expensive, time-consuming and carried substantial risks not faced in the lunar programme, predominantly to do with radiation. (AFP)

US citizen Warren recovered from Khushab

 LAHORE: American aid expert, Warren Weinstein, who was kidnapped at gunpoint from his house in Lahore has been recovered from Khushab Thursday, Geo News reported.

He was abducted on August 13 after gunmen stormed through the back door and overpowered his guards.

He was snatched at dawn in the upmarket neighbourhood of Model Town, just two days before he was due to return to the United States after more than four years in Pakistan.

Weinstein had lived in Lahore since 2006, working for J.E. Austin Associates, which recently completed a development project in tribal belt.

Pakistan cricket team leaves for Zimbabwe

 LAHORE: Pakistan cricket team has left for Zimbabwe on Thursday, Geo News reported.

According to details, Pakistan has left for Zimbabwe under the captainship of Misbah Ulhaq from Lahore via Abu Dhabi. National teams would play one Test match, three One-Day International matches and two Twenty-20 matches.

While talking to the media at Lahore’s Allama Iqbal International Airport, coach Waqar Younis said that he is hopeful that the team will perform according to the expectations and yield good results despite a one-week training camp.

He also expressed his satisfaction over the inclusion of all-rounder Shoaib Malik in the team.

Steve Jobs resigns as Apple CEO

 SAN FRANCISCO: Apple's legendary co-founder and top ideas man Steve Jobs resigned as chief executive Wednesday in a move long expected after he began a dramatic fight with cancer.

In a written statement, Apple, the world's second most valuable company by market capitalization, announced that chief operating officer Tim Cook would replace Jobs as CEO, and said Jobs would become chairman of the board. Jobs is seen as the heart and soul of Apple, with analysts and investors repeatedly expressing concern over how the Cupertino, California-based company will fare without the figure seen as its driving force.

"Steve's extraordinary vision and leadership saved Apple and guided it to its position as the world's most innovative and valuable technology company," board member Art Levinson said in a statement.

Apple stock price slid more than five percent to $356.32 in trading that followed news of Jobs's resignation and it remained to be seen what the market has in store for the company with the opening bell on Thursday.

Jobs will still be around as chairman of the Apple board and the company has product plans mapped, according to the analyst. Apple is expected to launch a fifth-generation iPhone in September or October.

No reason was given for Job's resignation, but his health problems, including a lengthy medical leave for a liver transplant in 2009 and his gaunt appearances at public events, fueled speculation he would have to give up the everyday running of the company he co-founded in 1976.

SHC to hear appeal in Sarfaraz Shah case

KARACHI: The Sindh High Court (SHC) will hear the appeal against the verdict of Anti Terrorism Court (ATC) in Sarfaraz Shah murder case, Geo News reported.

The court has sent a notice to Prosecutor General Sindh and summoned the case record from the ATC. An appeal was lodged against the sentencing of seven including six Rangers personnel.

The ATC had awarded Ranger personnel Shahid Zafar the death sentence while the remaining six were sentenced to life in prison.


Specialized mosquitoes may fight dengue

NEW YORK: Scientists have made a promising advance for controlling dengue fever, a tropical disease spread by mosquito bites. They've rapidly replaced mosquitoes in the wild with skeeters that don't spread the dengue virus.

More than 50 million people a year get the dengue virus from being bitten by infected mosquitoes in tropical and subtropical areas, including Southeast Asia. It can cause debilitating high fever, severe headaches, and pain in the muscles and joints, and lead to a potentially fatal complication. There's no vaccine or specific treatment.

Some scientists have been trying to fight dengue by limiting mosquito populations. That was the goal in releasing genetically modified mosquitoes last year at sites in Malaysia and the Cayman Islands.

Australian scientists took a different tack, they report in Thursday's issue of the journal Nature.

First, they showed that Aedes aegypti mosquitoes, the chief carriers of the dengue virus, resist spreading that virus if they are infected with a particular kind of bacteria. Then they tested whether these resistant mosquitoes could displace their ordinary cousins in the wild, thus reducing the number of dengue-spreading mosquitoes.

The resistant mosquitoes have an advantage in reproduction. Resistant females can mate with either resistant or ordinary mosquitoes, and all their offspring will be resistant. But when ordinary females mate with a resistant male, none of the offspring survive.

For the experiment, scientists released more than 140,000 resistant mosquitoes over 10 weeks in each of two isolated communities near Cairns in northeastern Australia, starting last January. By mid-April, monitoring found that resistant mosquitoes made up 90 percent to 100 percent of the wild population.

The result is a "groundbreaking first step," Jason Rasgon of the Johns Hopkins Bloomberg School of Public Health in Baltimore wrote in a commentary accompanying the paper. Rasgon, who did not participate in the study, said the next hurdle is to test the idea in areas where dengue is spread constantly, rather than sporadically as in Australia. Researchers will also have to show it works against varied strains of the dengue virus, he said.

Kohistan flash floods kill 16


PESHAWAR: Flash floods after heavy rains in Kohistan region have killed at least 16 people and many were missing, Geo News reported.

According to the police, the floods destroyed many houses after heavy rains and land sliding in Gabrial union council of Kundian valley. Local administration has sought government help because of the terrain and the area can only be accessed through helicopter.

Last year floods had caused immense destruction the upper areas and claimed hundreds of lives.

MQM wants to become party in Karachi case


ISLAMABAD: Muttahida Qaumi Movement (MQM) leaders, Dr Farooq Sattar and Haider Abbas Rizvi met with the Supreme Court Registrar today and discussed ways that how MQM can become a party in the apex court's suo-moto notice of Karachi situation.

The MQM leaders later told media that their party want to facilitate the SC in Karachi case and that they discussed various aspects with the registrar in this regard.

Farooq Satter said that Karachi was the economic engine of the country and its peace is very important.