Tag: Global

LONDON - International powers should offer Libyan leader Muammar Gaddafi an exit strategy when they meet in London on Tuesday, political commentators said. Humanitarian aid for Libyans and plans to move to a post-Gaddafi future will be discussed when Britain hosts the conference to be attended by 35 nations. Britain, which has taken a lead role in military operations against Gaddafi's forces, said the meeting would reinforce the commitment to implement the U.N. Security Council

LAHORE - Nearly one third of the global population or around two billion people are affected by tuberculosis (TB), Punjab TB Control Programme Manager Dr Darakhshan Badar said on Thursday.
She was addressing a seminar titled, "TB Elimination: Together We Can!" organised in collaboration with the Pakistan Medical Society and the Punjab TB Control Programme at the University of Animal and Veterinary Sciences (UVAS). Badar said that TB was a contagious disease and spread through the

TOKYO - Countries across the world shunned Japanese food imports on Thursday as radioactive steam leaked from a disaster-struck nuclear plant, straining nerves in Tokyo. The grim toll of dead and missing from Japan's monster quake and tsunami on March 11 topped 26,000, as hundreds of thousands remained huddled in evacuation shelters and fears grew in the megacity of Tokyo over water safety. The damage to the Fukushima nuclear plant from the tectonic calamity and a series of explosions

LAHORE - In its most recent Global Employers survey, Chartered Institute of Management Accountants (CIMA) sought to better understand the challenges faced by medium and large scale companies all over the world. The independent survey, commissioned by CIMA in June 2010, focused on the skills desired by these employers in the short and medium-term. Validating the Institute's rigorous future-ready curriculum and its emphasis on developing management accountants, the Global Employers

LONDON - Market risk looms just about everywhere, from Japan's devastating earthquake to euro zone debt travails, Middle East turmoil and rising scepticism about US Treasuries.
It would normally be enough to send investors scurrying into safe havens. There have been some moves of that sort and are bound to be more. But enough of the risk is related to government bonds to make that option less attractive than normal. Cash, meanwhile, offers negligible returns.
So, equities

OSLO - Leaps in food prices linked to drought in Brazil or floods in Australia may be a foretaste of ever greater shocks to be caused by climate change, according to a commission named on Friday to find ways to fix the problems. The international group of 13 experts will try to come up with ideas in the next 10 months to help agriculture cope with global warming, blamed by the U.N. panel of climate experts mainly on mankind's emissions of greenhouse gases.
John Beddington,

FAISALABAD - Food and agriculture experts are unanimous on the point that world food security can be threatened if wild relative plants' species of the crops grown by mankind are not conserved. Some of them think that climate change will bring great environmental changes, food insecurity, water shortage, terrorism, refugees, natural, economic, and social disaster and loss of biodiversity in a more dangerous fashion.
In this perspective, it is important to note that Pakistan is a

LAHORE: Pakistan is unlikely to achieve its economic targets in the current fiscal year given the way its agrarian economy has been battered in devastating summer floods. There is mounting concern in the scientific community that the floods were mainly attributable the phenomena of 'global warming'.
The threat of global climate change has caused alarm among scientists as crop growth is severely affected by changes in key climatic variables (i.e., rainfall and temperature) with a

ISLAMABAD - Islamic finance has proved its viability on a global scale as Islamic banking and finance is spreading at a rapid pace, Federal Minister for Finance and Economic Affairs, Dr Abdul Hafeez Sheikh has stated. "In the wake of recent global financial crisis and debt problem of the Third world countries and the Eurozone, Islamic finance is now firmly established in the mainstream," the federal minister said while addressing the inaugural session of two day international

KARACHI - The State Bank of Pakistan (SBP) announced the much awaited MPS statement where discount rate was kept unchanged. It seems that the decision lacked substance as the monetary policy statement carried major points indicating towards a rate rise rather than anything else.
As the uncertainty looms ensuing to Egyptian political turmoil, impact on commodity prices especially international crude oil prices is evident as Brent crude is currently trading over $100 per barrel.

ROME - United Nations food agencies on Friday warned that record-high prices for basic commodities are helping generate unrest around the world and contributed to the ousting of the Tunisian president last month. "Not only is there a risk, but there have already been riots in some parts of the world because of rising prices," Jacques Diouf, head of the UN's Rome-based Food and Agriculture Organisation (FAO), told reporters.
"Some governments have found themselves in difficult

DAVOS - Global chief executives pinned their hopes on roaring growth in emerging markets at the start of the annual Davos forum on Wednesday but warned that rising inflation and political risks cast a shadow.
Business leaders at the World Economic Forum (WEF) said surging food prices could spark fresh social unrest and pointed to geopolitical worries over international conflicts erupting as well as internal strife.
"I'm optimistic because the world is growing; now we are

LAHORE - United Nations selected Lahore University of Management Sciences as one of its ten partners for Academic Impact project.
In an effort to bolster 'intellectual social responsibility' for such global goals as promoting human rights, protecting the environment and ending wars, the UN had partnered with institutions of higher learning around the world in a new initiative called Academic Impact in which one goal would be associated with each educational institution.
LUMS

SINGAPORE - Asia's rapidly developing economies will lead global growth in 2011 despite cooling slightly from last year, a Reuters poll showed, far outpacing the uneven recovery seen in rich-world peers.
The survey of around 500 economists across the world showed China again topping the economic expansion charts this year, as well as promising signs that the United States' economic revival will gain traction this year.
Still, most of the 13 Asia-Pacific economies covered in

LONDON - Global direct real estate investment is forecast to rise 20 percent this year to $380 billion, led by a sharp rebound in the United States, with total volumes still about half the market's 2007 peak, a report said. Investments in commercial real estate - mainly offices, malls, and industrial properties - had reached $316 billion in 2010, a 50 percent jump from an eight-year low of $209 billion in 2009, property consultancy Jones Lang LaSalle said. Investment volumes soared to

ISLAMABAD - Pakistan's size, geographical importance and abundant natural resources provide an ample opportunity for it to play a greater role in the global economy, USAID Mission Director Dr Andrew Sisson has pointed out.
He was speaking at the Public-Private Sector Consultative Roundtable Meeting on Trade, organised by US Agency for International Development's Pakistan Trade Project with support of Ministry of Commerce.
The roundtable has been organised with an aim to

LONDON - Coptic Christians around the world are on alert for possible copycat attacks ahead of their Christmas on Friday after Islamist radicals hailed a deadly church bombing in Egypt apparently inspired by Al Qaeda.
Coptic communities point to messages on websites maintained by Islamist extremists calling for attacks on Coptic churches in various countries and a surge in sectarian anti-Christian rhetoric in statements by Al Qaeda offshoots in recent months.
The Jan. 1