Tag: Cut

LAHORE - Malaysia survived nearly half-a-dozen goal attempts by the Pakistan forwards to pull out a draw which ensured their entry into the next round of the 2012 Olympics Football Qualifiers at the Punjab Stadium here on Wednesday.
By the time the final whistle was blown at the 8000-capacity Punjab Stadium, it was the Pakistanis who were ruing the missed chances and the visiting Malaysians were happy to carve out the goalless draw to bank on the first-leg win they earned in

COMMENT - This past week saw the completion of the first leg stage of the Champions League knockout phase. Real Madrid and Manchester United were on the road visiting Lyon and Marseille respectively while Bayern Munich travelled to face Inter Milan and Chelsea visited Denmark to face FC Copenhagen.
Manchester United had the easiest run of the lot, as Marseille lacked any real threat going forward. With the absence of the energetic Valbuena, who is capable of all sorts of

FAISALABAD - Industrial and textile sectors of the city, along with labour unions, held a massive protest rally to condemn the government's discrimination against Faisalabad that was facing a 5-day gas holiday according to the revised schedule issued by SNGPL authorities. Reportedly, the protest rally was held by the regional office of All Pakistan Textile Mills Association (APTMA), Anjuman Tajiran City Faisalabad, members of Faisalabad Chamber of Commerce and Industry (FCCI) and a

WASHINGTON - The US military's top officer on Friday cautioned against moves to cut off aid to Egypt due to the unrest against the government of President Hosni Mubarak. "I would just caution against doing anything until we really understand what's going on," Admiral Mike Mullen said in an interview on ABC News.
Mullen was asked a possible freeze to the vast US aid to Egypt, as a move that Republican Senator John McCain has said is being considered. "That's not mine to decide,"

NEW DELHI - Indian Home Secretary GK Pillai said on Friday the country was planning to reduce its security forces by 25 percent in Indian-held Kashmir (IHK) in order to ease conditions for the local people in one of the world's most militarised areas, but India's Army chief ruled out any reduction in forces in IHK, AFP reported.
Speaking at a university seminar on IHK in the Indian capital, Pillai said the government was looking at cutting troops by "25 percent in 12 months from

ORLANDO - Three-time LPGA winner Brittany Lincicome missed the cut after shooting a two-over 74 in the first round of a Hooters Tour tournament on Tuesday. Playing her first event on the men's Hooters Tours Winter Series, the 25-year-old Lincicome finished in a tie for 72nd out of 113, 10 strokes back of leader American Brad Klapprott.
Lincicome, who is considered one of the longest hitters on the women's LPGA Tour, finished with one birdie, three bogeys and 14 pars on the Deer

PESHAWAR - Police opened fire on a crowd demonstrating against power cuts in Bannu on Tuesday, killing one protester and injuring dozens. Several were arrested as police tear gassed and beat the demonstrators who were chanting slogans against "the mute and incompetent rulers" while demanding the government emancipate the masses from the protracted power load shedding. Police said the protester was killed during exchange of fire, but residents blamed police for the killing.
"One

WASHINGTON - The International Monetary Fund (IMF) has asked Pakistan to cut its energy subsidies, saying they were crippling the country's economy
Calling the energy subsidies "inefficient and untargeted", IMF spokeswoman Caroline Atkinson said these subsidies were consuming a large part of the country's budget. She said the bulk of energy subsidies were being cornered by the people of a higher income group and large companies, adding that the government should make efforts so

KARACHI - In a move thought to be in line with the conditions on subsidies stipulated by the International Monetary Fund (IMF) under stand-by arrangement, the State Bank of Pakistan (SBP) on Friday revised the banks' refinancing rates for the exporters by one percent.
After the latest revision which, the State Bank said would come into effect from January 2011, exporters will find the cost of borrowing from the commercial banks adjusted by one percent to stand at 11 percent

TOKYO: Japan's top business lobby on Tuesday hailed a government plan to shave five percentage points off corporate tax as "a first step" towards revitalising the nation's fragile economy.
Prime Minister Naoto Kan said late Monday that his centre-left government planned next year to cut the tax from 40.7 percent to boost investment, keep companies from moving abroad, create jobs and boost wages.
He did not explain how the government would make up for the revenue shortfall at

LAHORE: Lahore humiliated Karachi by 10 wickets in the final of the National Women Under-19 T-20 Cricket Championship at Lahore Country Club, Muridke, on Monday.
Pakistan's star cricketer Bismah Maroof gave all-round performance for Lahore. First she sent three Karachi players back to the pavilion for just nine runs as the visitors managed just 65 runs. Later, she scored unbeaten 39 for Lahore in the successful run chase.
Karachi could use just 15.4 overs as they were all

BRISBANE: Vice-captain Michael Clarke has recovered sufficiently from a back injury to play for Australia in the Ashes opener against England starting Thursday at the Gabba. "Just finished training and the back got through," Clarke wrote on his Twitter feed Wednesday. "Wake up ok tomorrow and I'm in."
The middle-order batsman injured his back playing for New South Wales in Sheffield Shield cricket earlier this month and only returned to training on Tuesday.
But Clarke, who

LONDON: Immigration to Britain is "unacceptably high" and must be brought down, but this can be done while ensuring businesses can import talent, Prime Minister David Cameron said in remarks aired on Sunday.
He spoke a few days after the state Migration Advisory Committee, charged with setting limits for skilled migrants, said the number of skilled workers from outside the European Union allowed into Britain should be cut by up to a quarter.
"Over recent years we've had net

WASHINGTON: Afghan President Hamid Karzai wants the US military to scale back the visibility and intensity of its operations in Afghanistan and end night raids that he said incited people to join the Taliban insurgency, The Washington Post reported.
"The time has come to reduce military operations," Karzai told the Post in an interview. "The time has come to reduce the presence of, you know, boots in Afghanistan ... to reduce the intrusiveness into the daily Afghan life." The

KARACHI: The Sui Southern Gas Company (SSGC) managing director on Monday apologised to the people of Karachi for cut in gas supply to the Karachi Electric Supply Company (KESC) that is causing prolonged power load shedding in the city.
"Despite the fact that the KESC owes at least Rs 22 billion to the SSGC, gas supply has been curtailed due to annual maintenance work and it has nothing to do with the payment issue," SSGC MD Dr Faizullah Abbasi told the media at the Karachi Press

FAISALABAD: As a result of gas shutdowns, the trade organisations of Faisalabad under the umbrella of Faisalabad Chamber of Commerce and Industry (FCCI) have announced a series of hunger strikes, protest rallies, processions and sits-in throughout the city from today (Monday) as thousands of industrial workers are given termination notices causing a large-scale unemployment.
The decision was taken in an extraordinary meting of traders and business community held at FCCI at the

KARACHI: Gas supply to Sindh will be shut down for the maintenance of the Sui Southern Gas Company (SSGC) gas fields from October 26 to November 4, SSGC Managing Director Dr Faizullah Abbasi said on Tuesday while addressing a lunch hosted by the Korangi Association of Trade and Industry (KATI).
"The arrears on KESC have gone up to Rs 22 billion and there has been no commitment by the power utility about the clearing of the dues. We do not have any plans to cut down the gas