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Archive - 2010-12-25
Foolproof security arrangements made for Christmas: IGP

Foolproof security arrangements made for Christmas: IGP

A foolproof security apparatus has been installed in the federal capital on Christmas and special checking would be done outside churches, said Kaleem Imam, Inspector General of Police (IGP) Islamabad, here on Friday.
Published 25 Dec, 2010 12:00am
Lowari Tunnel: authorities asked to speed up work

Lowari Tunnel: authorities asked to speed up work

Taking strong notice of the delay in making Lowari Tunnel operational, Federal Minister for Communications Dr Arbab Alamgir Khan on Friday directed the concerned authorities to submit weekly report on the progress of the project. "No compromise will be ma
Published 25 Dec, 2010 12:00am
Pak-Turkish joint security seminar concludes

Pak-Turkish joint security seminar concludes

As part of the mutual co-operation programme, both Pakistan and Turkey hold joint security seminars twice a year, alternatively at National Defence University Islamabad and Turkish War Colleges Command, Istanbul. The first seminar of the series was held i
Published 25 Dec, 2010 12:00am
Emigrants' group insurance sum raised to Rs 1 million

Emigrants' group insurance sum raised to Rs 1 million

The government has raised the sum of insurance from Rs 0.3 million to Rs 1 million for Emigrants Group, and the Bureau of Emigration and Overseas Employment (BEOE) and State Life Insurance Corporation of Pakistan (SLICP) have signed revised contract on De
Published 25 Dec, 2010 12:00am
Registration of 20,000 displaced tribesmen demanded

Registration of 20,000 displaced tribesmen demanded

Pakistan Tehreek-e-Insaf (PTI) has called for immediate registration of 20,000 displaced tribesmen of Khyber Agency to issue them watan cards. This was stated by Haji Iqbal Afridi, a local leader PTI while addressing a press conference at Peshawar Press C
Published 25 Dec, 2010 12:00am
Child labour on the rise in Pakistan: speakers

Child labour on the rise in Pakistan: speakers

Speakers at a seminar on child labour held in the federal capital have warned of an increasing incidence of child labour in Pakistan even though the global efforts successfully continue to stamp out the worst forms of the menace of child labour by 2016. T
Published 25 Dec, 2010 12:00am
SECP offices get ISO 9001 certification

SECP offices get ISO 9001 certification

The Securities and Exchange Commission of Pakistan (SECP) succeeded in getting ISO 9001:2008 for its three big Company Registration Offices (CROs) in Karachi, Lahore and Islamabad on Friday. The external ISO certification audit was conducted by DAS Pakist
Published 25 Dec, 2010 12:00am
Sindh Assembly to meet on January 7

Sindh Assembly to meet on January 7

The Sindh Assembly will meet here on January 7, says an official statement issued here on Friday. It said that the Sindh Governor, Dr Ishratul Ibad Khan, has summoned the Provincial Assembly of Sindh to Meet on January 7 at 10 am at the Assembly Building
Published 25 Dec, 2010 12:00am
Gold rises towards $1,385 in European trade

Gold rises towards $1,385 in European trade

Gold prices edged higher in Europe on Friday, supported by the euro's recovery from a three-week low versus the dollar, and as a further ratings downgrade stoked concerns over euro zone debt. Fitch Ratings downgraded Portugal's long-term and local currenc
Published 25 Dec, 2010 12:00am
Gold bounces in Asia

Gold bounces in Asia

Gold bounced on Friday after a drop to a 1-week low the previous day attracted bargain hunters, although thin trade ahead of the Christmas break and a volatile euro could push prices in either direction. Tensions in the Korean peninsula could underpin sen
Published 25 Dec, 2010 12:00am
US gold lower

US gold lower

US gold futures settled moderately lower on Thursday, ahead of the long Christmas weekend, hurt by the firming dollar after a slew of positive US economic data reinforced the view that the pace of growth increased in the fourth quarter, analysts said.
Published 25 Dec, 2010 12:00am
New York sugar hits 30-year high

New York sugar hits 30-year high

Raw sugar futures rallied to their highest levels in 30 years in a pre-Christmas rally on Thursday, powered by fund buying and tight supplies, analysts said. Cocoa prices rose on fears that a civil war may erupt in Ivory Coast and disrupt bean shipments f
Published 25 Dec, 2010 12:00am
US soyabeans rise

US soyabeans rise

CBOT January soybean futures rallied 21-1/4 cents per bushel to $13.50 late on Thursday and to a fresh 27-month top as heat and dryness threatened Argentina's soybean crop, traders said. CBOT January soybeans up 17-1/2 cents at $13.46-1/2 per bushel. The
Published 25 Dec, 2010 12:00am
Tokyo rubber futures hit record high

Tokyo rubber futures hit record high

Key Tokyo rubber futures hit a record high on Friday in a holiday-thinned market, with sentiment helped by tight supply and a rise in oil prices above $90 a barrel the day before. The key Tokyo Commodity Exchange rubber contract for June delivery, which d
Published 25 Dec, 2010 12:00am
US Markets closed

US Markets closed

New York commodity markets were closed on Friday for Christmas. The markets in London were open for half a day on Friday and reopen on Wednesday.
Published 25 Dec, 2010 12:00am
Malaysian palm oil up for a fifth day

Malaysian palm oil up for a fifth day

Malaysian palm oil rose for a fifth day on Friday as traders bet the weak output trend may extend to the first quarter of 2010 just as China restocks agri-commodities and prepares for Lunar New Year holidays. Heavy rains in palm oil-producing Southeast As
Published 25 Dec, 2010 12:00am
Japan firm eyes long-grain rice exports

Japan firm eyes long-grain rice exports

Japan can export long-grain rice and cut surplus of its staple food by making better use of idle rice paddies and converting some fields to grow the type of grains popular to global markets, a leading trader said on Friday. Nobuyuki Chino, president of To
Published 25 Dec, 2010 12:00am
European vegetable oils players close books for Christmas

European vegetable oils players close books for Christmas

The European vegetable oils market ground to a halt on Friday when operators closed their books at noon for the Christmas break, market sources said. Markets are closed from noon on Friday, December 24, due to an official non-business day. "Players closed
Published 25 Dec, 2010 12:00am
Oil near two-year high on cold, risk appetite

Oil near two-year high on cold, risk appetite

Oil hovered around its highest levels in more than two years on Friday, supported by cold weather across the globe, appetite for risk assets and signals from Opec it would not arrest the rally. European benchmark ICE Brent crude for February closed 48 cen
Published 25 Dec, 2010 12:00am
Copper near record

Copper near record

Copper rose but held below record highs on Friday, underpinned by expectations of restocking next year by top consumer China, paring gains as the looming Christmas break kept trading volumes in check. At 1440 GMT, copper on the London Metal Exchange trade
Published 25 Dec, 2010 12:00am
Shanghai copper up

Shanghai copper up

Shanghai copper held steady on Friday, supported by upbeat US data and ongoing supply concerns, but a cash squeeze in the Chinese market towards the end of the year curbed momentum. Positive data from the United States provided an improved outlook for the
Published 25 Dec, 2010 12:00am
US copper falls

US copper falls

Copper fell on Thursday on profit-taking after hitting record highs earlier in the week, but losses were limited by US data pointing to a better economy in 2011 and possibly tighter supplies ahead. In New York, copper's March contract lost 0.4 percent, fi
Published 25 Dec, 2010 12:00am
Three Israel spy cells busted: Egypt papers

Three Israel spy cells busted: Egypt papers

The confessions of an Egyptian accused of spying for Israel has led to three espionage cells being dismantled in Lebanon and Syria, where an agent was executed in November, Cairo newspapers said Friday. Tareq Abdul Razzak, the 37-year-old owner of an impo
Published 25 Dec, 2010 12:00am
Hamas still committed to Israel truce

Hamas still committed to Israel truce

Hamas remains committed to its truce with Israel, a senior leader of the Palestinian Islamist movement, Mahmud Zahar, said on Friday. "We declare our commitment to respecting the truce between us and the occupier," Zahar told a gathering in the Gaza town
Published 25 Dec, 2010 12:00am
Bus crash kills 35 people in Ecuador

Bus crash kills 35 people in Ecuador

Rescue workers say a bus ran off a foggy, rainy mountain road in Ecuador and plunged about 1,100 feet (350 meters), killing 35 people and injuring 23 others. Red Cross worker Jorge Arteaga says by telephone that Friday's accident occurred before dawn in t
Published 25 Dec, 2010 12:00am
Christmas eve chaos as snow strands thousands in Europe

Christmas eve chaos as snow strands thousands in Europe

Thousands of travellers were stranded at the main Paris airport Friday after hundreds of Christmas flights were cancelled, as freezing weather and widespread snowfalls caused travel chaos across Europe. At least 670 flights in and out of Roissy-Charles de
Published 25 Dec, 2010 12:00am
Mumbai on alert over potential Christmas, New Year attack

Mumbai on alert over potential Christmas, New Year attack

A manhunt was under way in Mumbai on Friday for four alleged members of the same Islamist group that attacked the city in 2008, amid warnings of a strike on foreign targets over Christmas and New Year. Roads were closed in and around the luxury Taj Mahal
Published 25 Dec, 2010 12:00am
Disputed Kuril Islands 'our land', says Medvedev

Disputed Kuril Islands 'our land', says Medvedev

Russian President Dmitry Medvedev on Friday said Japan should realise Moscow would not give up disputed Pacific islands, proposing instead to consider creating a free economic zone there. "All the South Kuril Islands are Russia's territory," Medvedev said
Published 25 Dec, 2010 12:00am
China pledges regular patrols near disputed islands

China pledges regular patrols near disputed islands

China has said it will do more to protect its fishing grounds next year, with regular patrols near disputed islands in the East China Sea that were at the centre of a huge row with Japan. The collision of a Chinese fishing trawler and two Japanese coastgu
Published 25 Dec, 2010 12:00am
Angola to reopen war-ravaged railway after 18 years

Angola to reopen war-ravaged railway after 18 years

An Angolan railroad destroyed during the country's 27-year civil war is set to resume service next month, nearly two decades after the 125-year-old line was forced to close, officials said Friday. Passenger service between the capital Luanda and the easte
Published 25 Dec, 2010 12:00am
North Korea nuclear test 'possible' in new year

North Korea nuclear test 'possible' in new year

North Korea could carry out a third nuclear test next year to strengthen the credentials of its young leader-in-waiting, Kim Jong-un, a research report from a South Korean Foreign Ministry institute said on Friday. The report came a day after Pyongyang vo
Published 25 Dec, 2010 12:00am
Canada declares Yemen group a terror organisation

Canada declares Yemen group a terror organisation

Canada declared a Yemen-based group affiliated with al Qaeda a terrorist organisation on Friday, a move that allows the government to prosecute Canadians linked to it. Al Qaeda in the Arabian Peninsula was blamed for this year's attempt to destroy planes
Published 25 Dec, 2010 12:00am
Russian parliament backs US nuclear treaty

Russian parliament backs US nuclear treaty

Russia's lower house of parliament Friday gave initial backing to a historic treaty with the United States to slash the nuclear arsenals of the Cold War foes but warned final ratification would drag into next year. The State Duma lower house of parliament
Published 25 Dec, 2010 12:00am
Israel destroyed Syria nuclear reactor: WikiLeaks

Israel destroyed Syria nuclear reactor: WikiLeaks

Israel destroyed a Syrian nuclear reactor in an air raid just weeks before it went online in 2007, said a US diplomatic cable released by WikiLeaks and published on Friday in an Israeli daily. "On September 6, 2007, Israel destroyed the nuclear reactor bu
Published 25 Dec, 2010 12:00am
Indian doctor gets life sentence for helping Maoists

Indian doctor gets life sentence for helping Maoists

An Indian doctor was sentenced to life imprisonment on Friday after being convicted of helping Maoist rebels in a case criticised by rights groups and Nobel laureates. Police had arrested Binayak Sen three years ago on charges of waging war against the st
Published 25 Dec, 2010 12:00am
Jailed tycoon targets Putin in pre-verdict article

Jailed tycoon targets Putin in pre-verdict article

Jailed Russian tycoon Mikhail Khodorkovsky cast Prime Minister Vladimir Putin as a pitiful but dangerous leader in a newspaper article on Friday ahead of the verdict in Khodorkovsky's second trial. In a strongly worded piece in the daily Nezavisimaya Gaze
Published 25 Dec, 2010 12:00am
Russia agrees to buy French helicopter carriers

Russia agrees to buy French helicopter carriers

Russia has agreed to buy two helicopter carriers from a France-led consortium, the French and Russian governments said on Friday, in Moscow's first major foreign arms purchase since the fall of the Soviet Union. Under the long-discussed deal, the Mistral-
Published 25 Dec, 2010 12:00am
Iraqi kills daughter who wanted to be suicide bomber

Iraqi kills daughter who wanted to be suicide bomber

An Iraqi man killed and buried his teenaged daughter after learning she had intended to become a suicide bomber for al Qaeda, a security official said on Friday. Iraqi security forces raided the man's house in Mandili, 100 km (60 miles) north-east of Bagh
Published 25 Dec, 2010 12:00am
Ponting confident of playing in Ashes Test

Ponting confident of playing in Ashes Test

Australian skipper Ricky Ponting said Friday he was confident of playing in the fourth Ashes Test against England as he recovers from a fractured finger. Ponting broke the little finger on his left hand while attempting a slips catch during Australia's th
Published 25 Dec, 2010 12:00am
PCB seeks financial documents from Akmal, Malik

PCB seeks financial documents from Akmal, Malik

The Pakistan Cricket Board has told wicketkeeper Kamran Akmal and former captain Shoaib Malik that they will not be considered for the World Cup squad unless they submit documents listing their assets and bank accounts to the PCB by December 30. PCB chief
Published 25 Dec, 2010 12:00am
Zaheer to return as India seek to level series

Zaheer to return as India seek to level series

India will welcome back paceman Zaheer Khan from injury to bolster an attack that was pulverised by South Africa in a one-sided first test when the second test starts in Durban on Sunday. The number-one ranked test team were crushed by an innings and 25 r
Published 25 Dec, 2010 12:00am
Punjab sports contingent leaves for Peshawar

Punjab sports contingent leaves for Peshawar

A contingent of 349 players and officials from Punjab on Friday left Lahore for Peshawar to participate in the 31st National Games. The sports department provided tracksuits, T-shirts, joggers, socks and playing kits of respective games to all the players
Published 25 Dec, 2010 12:00am
PCB seeks details of Zulqarnain 's asylum claim

PCB seeks details of Zulqarnain 's asylum claim

A Pakistan Cricket`Board committee was told that wicketkeeper Zulqarnain Haider, who has sought asylum in London last month, has a complex personality and "weak nerves." In November, Haider fled the Pakistan team hotel in Dubai and flew to London seeking
Published 25 Dec, 2010 12:00am
Blind cricket team win series against Nepal

Blind cricket team win series against Nepal

Pakistan Blind Cricket team on Friday white-washed the Nepali blind cricket team by winning last of the three one-day matches by nine wickets here at Shalimar cricket ground. A hat-trick by all rounder Yasir Andleeb and a sparkling half century by captain
Published 25 Dec, 2010 12:00am
Delhi court to probe Tihar prisoners' murder allegations

Delhi court to probe Tihar prisoners' murder allegations

A Delhi court has launched a probe into allegations by two inmates that they were ordered by prison officers to murder two 2010 Commonwealth Games officials inside the high-security Tihar jail. The inmates, named as Nishant and Amit, alleged they were giv
Published 25 Dec, 2010 12:00am
Postponed Chelsea, United clash set for March 1

Postponed Chelsea, United clash set for March 1

Chelsea and Manchester United's Premier League heavyweight showdown has been tentatively rescheduled for Tuesday, March 1 after being postponed due to a frozen pitch at Stamford Bridge last Sunday. The new date is subject to neither team being still invol
Published 25 Dec, 2010 12:00am
Give us a break, plead Premier League bosses

Give us a break, plead Premier League bosses

Manchester City boss Roberto Mancini added his voice to calls for the English Premier League to follow their European counterparts and introduce a winter break. With Spain, Italy and Germany enjoying a Christmas and New Year rest, English clubs face the p
Published 25 Dec, 2010 12:00am
Canadian dollar inches higher

Canadian dollar inches higher

Canada's dollar headed higher for a third straight session on Friday, lifted by a rising European oil price, but limited movement was expected in thin trade ahead of the holidays. At 8 am (1 pm GMT), the Canadian currency was at C$1.0072 to the US dollar,
Published 25 Dec, 2010 12:00am
Australian dollar pauses rally

Australian dollar pauses rally

The Australian dollar took a bit of a breather on Friday having set a series of highs particularly against the euro this week, while the kiwi dollar inched up as slightly better than expected US data added to optimism for global growth. The high-yielding
Published 25 Dec, 2010 12:00am
Ringgit at six-week high

Ringgit at six-week high

The Malaysian ringgit hit a six-week high against the dollar on Friday, boosted by expectations an initial public offering of a local company will attract heavy foreign equity flows. The gains were exaggerated by the thin liquidity before holidays, with c
Published 25 Dec, 2010 12:00am
Yuan rises to six-week high

Yuan rises to six-week high

The yuan rose to close at its highest level against the dollar in six weeks on Friday after the People's Bank of China set a stronger midpoint, continuing an upward crawl for the Chinese currency over the past few days. The yuan may appreciate a little in
Published 25 Dec, 2010 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 70.69/70.70 (previous 70.68/70.70) Call Money Rates: 15.00-25.00 percent previous 9.0-30.00 percent).
Published 25 Dec, 2010 12:00am
Euro rises versus US dollar

Euro rises versus US dollar

The euro rebounded from a three-week low against the US dollar on Thursday, but analysts said persistent worries about Europe's debt crisis would limit gains and could lead to a renewed decline in the new year. The euro hit a session low of $1.3056, accor
Published 25 Dec, 2010 12:00am
Euro steadies in London

Euro steadies in London

The euro was steady on Friday after rebounding from a record low against the Swiss franc and a three-week low versus the dollar, but any gains were curbed as investors remained wary about eurozone debt problems. Trade was extremely thin, with few orders g
Published 25 Dec, 2010 12:00am
Euro dangles above lows in Asia

Euro dangles above lows in Asia

The euro held its ground on Friday after rebounding from a record low against the Swiss franc and a three-week low against the dollar, but is expected to come under renewed pressure after market players return from the Christmas break. Traders said Thursd
Published 25 Dec, 2010 12:00am
Sterling flat versus dollar, euro

Sterling flat versus dollar, euro

Sterling steadied against the dollar in thin trade on Friday, supported by early demand from Asia, though the pound still hovered close to three-month lows and was hampered by a fragile outlook for the UK economy. Trading conditions were thin and volumes
Published 25 Dec, 2010 12:00am
FTSE closes above 6,000 at 30-month high

FTSE closes above 6,000 at 30-month high

Britain's top shares closed above the 6,000 level for the first time since June 2008 on Friday, as UK equities looked set for their strongest December performance since 1987. The FTSE 100 closed up 12.85 points, or 0.2 percent at 6,008.92, albeit in wafer
Published 25 Dec, 2010 12:00am
Turkish stocks flat

Turkish stocks flat

Turkish stocks traded flat on Friday, while Aviva's Turkish unit soared 12 percent amid speculation it may buy a 50 percent stake in rival Aksigorta, boosting its position in the high-potential market. Aksigorta rose 2.2 percent to 2.36 lira, outperformin
Published 25 Dec, 2010 12:00am
Toronto stocks down

Toronto stocks down

Toronto's main stock index closed marginally lower on Thursday with most sectors languishing in the red as trading slowed to a crawl ahead of the Christmas holidays. The heavyweight financials group, which has gained in recent sessions, led all but three
Published 25 Dec, 2010 12:00am
European shares inch higher

European shares inch higher

European shares ticked higher in holiday-thinned business on Friday, though were on track to post the best December in a decade and analysts said the market had potential to advance in the remaining days of the year. The FTSEurofirst 300 index of top Euro
Published 25 Dec, 2010 12:00am
Nikkei average falls

Nikkei average falls

Japan's Nikkei average dropped 0.7 percent on Friday, coming off a seven-month high, as the yen strengthened against the dollar and the euro in holiday-thinned trade. But general bullishness in global equities markets and a positive outlook for the Nikkei
Published 25 Dec, 2010 12:00am
Hong Kong, China stocks lower

Hong Kong, China stocks lower

Hong Kong and China shares slipped on Friday, with trading most active in the auto sector, where investors dumped shares in a thin market on new restrictions on car sales in Beijing. The Hang Seng Index ended down 0.3 percent at 22,833.8 in a shortened se
Published 25 Dec, 2010 12:00am
Treasuries decline

Treasuries decline

US Treasury prices fell on Thursday as dealers prepared for new supply next week, while there was little effect from economic data, which came within expectations and painted a picture of a gradually improving economy. The Treasury said it will sell $35 b
Published 25 Dec, 2010 12:00am
Treasuries decline

Treasuries decline

US Treasury prices fell on Thursday as dealers prepared for new supply next week, while there was little effect from economic data, which came within expectations and painted a picture of a gradually improving economy. The Treasury said it will sell $35 b
Published 25 Dec, 2010 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell 0.42 percent on Friday as investors shunned major technology exporters including Hon Hai Precision Industry Co Ltd amid lingering fears over the impact on their profit from a stronger local currency. Taiwan's main TAIEX share index clos
Published 25 Dec, 2010 12:00am
Wall Street marks fourth week of gains

Wall Street marks fourth week of gains

US stocks racked up a fourth straight week of gains on Thursday, as investors expected optimism about the economic recovery to support equities through year-end. The S&P 500 ticked lower on Thursday, the close of a holiday-shortened week, breaking five da
Published 25 Dec, 2010 12:00am
Indian shares at six-week closing high

Indian shares at six-week closing high

Indian shares firmed 0.5 percent on Friday to their highest close in six weeks, backed by a rally in metal producers on promising prospects for industrial metals but trade was thin with only a week left for the year end. Shares in Anil Ambani's Reliance C
Published 25 Dec, 2010 12:00am
Sri Lankan shares up

Sri Lankan shares up

Sri Lanka's stock market rose 0.7 percent on Friday to a six-week high on bargain hunting despite foreign selling, while the rupee closed weaker on importer demand for dollar in a short market day ahead of Christmas weekend. The island's main share index
Published 25 Dec, 2010 12:00am
Seoul shares slip

Seoul shares slip

Seoul shares slipped on Friday, weighed down by automakers and airlines including Hyundai Motor and Korean Air Lines Co Ltd, with profit-taking also taking place with the index near a 38-month high. The Korea Composite Stock Price Index was down 0.29 perc
Published 25 Dec, 2010 12:00am
Russian oil flows to Europe via Belarus restored

Russian oil flows to Europe via Belarus restored

Supplies of Russian oil to Europe via the Druzhba pipeline have been restored on Friday after the link caught fire two days ago, a source at Russian oil pipeline monopoly Transneft told Reuters. "We support the necessary level of flows," he said. Earlier
Published 25 Dec, 2010 12:00am
Russia hikes deposit rates

Russia hikes deposit rates

Russia's central bank raised interest rates on its deposit operations by 25 basis points on Friday, taking a first step to tighten its loose policy stance to contain surging inflation. However it left the cost of lending operations - including the benchma
Published 25 Dec, 2010 12:00am
Toshiba overhauls chip ops with Samsung, Sony deals

Toshiba overhauls chip ops with Samsung, Sony deals

Toshiba Corp will overhaul its chip operations, outsourcing output of some system chips to Samsung Electronics and selling a production line to Sony Corp, as it reduces its non-memory chip exposure. Toshiba, the world's No 3 chipmaker behind Intel Corp an
Published 25 Dec, 2010 12:00am
Indian police grill former minister over telecom scandal

Indian police grill former minister over telecom scandal

Indian federal investigators on Friday questioned a former minister at the heart of one of the biggest corruption cases in the country's history. Ex-telecom minister A. Raja quit last month over the 2008 cut-price sale of second-generation (2G) mobile pho
Published 25 Dec, 2010 12:00am
No sign of Opec concern with oil heading for $100

No sign of Opec concern with oil heading for $100

Core Opec ministers said on Friday they saw no need to supply the world with more crude as oil prices traded near a two-year high and some consumers said they fear a rally above $100 per barrel would spur inflation. Opec's most influential oil minister, S
Published 25 Dec, 2010 12:00am
US issues timetable for carbon emissions cuts

US issues timetable for carbon emissions cuts

US environmental regulators said on Thursday they will propose rules starting in July requiring power plants and refineries to cut greenhouse gas emissions with available technologies. It was the Obama administration's latest move to tackle emissions blam
Published 25 Dec, 2010 12:00am
AIG to pay $146 million over workers compensation

AIG to pay $146 million over workers compensation

Pennsyl-vania's chief insurance regulator says American Insurance Group Inc and its insurance affiliates have agreed to pay more than $100 million in fines and other penalties to resolve claims the insurer violated workers compensation regulations. Acting
Published 25 Dec, 2010 12:00am
Toyota to pay $10 million in runaway Lexus crash

Toyota to pay $10 million in runaway Lexus crash

Toyota Motor Corp agreed to pay $10 million to the family of four people killed in a runaway Lexus crash that led to recalls of millions of the automaker's vehicles, attorneys said Thursday. John Gomez, a lawyer who represents the victims' family, and Lar
Published 25 Dec, 2010 12:00am
Japan to boost FX intervention war chest

Japan to boost FX intervention war chest

Japan will increase its war chest for currency intervention for a second straight year, the government said on Friday, giving it flexibility in case it needs to step into the market to sell yen again. In its state budget for the next fiscal year beginning
Published 25 Dec, 2010 12:00am
China warns EU debt crisis could turn 'chronic'

China warns EU debt crisis could turn 'chronic'

China's commerce minister has warned that measures being taken in Europe to fix the sovereign debt crisis are "turning an acute disease into a chronic one", state media said Friday. The comments from Chen Deming come after China said this week it supporte
Published 25 Dec, 2010 12:00am
South Africa formally invited to join BRIC

South Africa formally invited to join BRIC

South Africa announced Friday it has been formally invited to join the Brazil, Russia, India and China (BRIC) group of key emerging nations, bolstering its image as the economic gateway to Africa. Foreign Minister Maite Nkoana-Mashabane said China, which
Published 25 Dec, 2010 12:00am
Chinese investment overseas to top $50 billion in 2010

Chinese investment overseas to top $50 billion in 2010

Chinese investment abroad is expected to top 50 billion dollars this year as the country pumps more money into overseas energy, mining and agricultural projects, state media reported Friday. China - which is expected to receive 100 billion dollars in fore
Published 25 Dec, 2010 12:00am
China to gear up fight against inflation

China to gear up fight against inflation

China's central bank kept up its rhetoric against inflation and excess liquidity on Friday, saying it will deploy a range of policy tools to head off inflationary pressure and asset bubbles. Hu Xiaolian, a deputy governor at the People's Bank of China, sa
Published 25 Dec, 2010 12:00am
Indian onion prices to pinch for longer on supply squeeze

Indian onion prices to pinch for longer on supply squeeze

A ban on onion exports and duty free imports are unlikely to bring prices down much in India and traders say prices may remain high for a year after damage to new plantings, pressuring a government trying to calm food inflation. Onions are base ingredient
Published 25 Dec, 2010 12:00am
No business on grain market

No business on grain market

Not a single change was seen on the wholesale grain and seed market on Friday as almost all participants were busy in preparations for Juma prayers, according to grain and seed merchants group's release.
Published 25 Dec, 2010 12:00am
Spot rate brought down drastically by Rs 400 on cotton market

Spot rate brought down drastically by Rs 400 on cotton market

Official spot rate was steely down on the local cotton market on Friday in process of thin trading as a result of falling interest by the mills, dealers said. The Karachi Cotton Association (KCA) spot rate was brought down by Rs 400 in a single day slide
Published 25 Dec, 2010 12:00am
Karachi Port's and Port Qasim's activities

Karachi Port's and Port Qasim's activities

The Karachi Port handled 110,091 tonnes of cargo including 71,414 tonnes of import cargo, 38,677 tonnes of export cargo, 2,978 loaded and empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 71,414 tonnes comprise
Published 25 Dec, 2010 12:00am
India to start sugar futures from Monday

India to start sugar futures from Monday

Indian commodity exchanges will start sugar futures from Monday, the regulator said, initially launching six contracts as the country revives exports and the government looks for ways to moderate food price inflation. India had banned trade in sugar futur
Published 25 Dec, 2010 12:00am
China's coal prices fall despite power plant's shrinking supplies

China's coal prices fall despite power plant's shrinking supplies

China's thermal coal prices posted its first fall in three weeks and stockpiles at the key port rose, even as a growing number of provinces have begun to ration power because of dwindling coal stocks at power plants. The anomaly was because many power com
Published 25 Dec, 2010 12:00am
Argentina's soyabean area seen down

Argentina's soyabean area seen down

Argentina's 2010/11 soyabean area will be 18.5 million hectares, about 1 percent smaller than previously forecast, due to dry conditions in some areas, the Buenos Aires Grains Exchange said on Thursday. In its previous weekly report, the grain exchange fo
Published 25 Dec, 2010 12:00am
Canadian canola futures rise on China's demand

Canadian canola futures rise on China's demand

ICE Canadian canola futures rose to a 28-month high on Thursday due to strength in US soyabean futures and talk of new export demand from China, traders said. The rally capped a week that saw prices rise 3.5 percent. January canola ended up $3.20 at $578.
Published 25 Dec, 2010 12:00am
US wheat futures close to unchanged

US wheat futures close to unchanged

US wheat futures stayed close to unchanged on Thursday as the market consolidated around 4-1/2-month highs in thin volume, traders said. The benchmark Chicago Board of Trade March soft red winter wheat contract ended down 1/2 cent at $7.83 per bushel. New
Published 25 Dec, 2010 12:00am
Brazil's cocoa arrivals tumble

Brazil's cocoa arrivals tumble

Trees in Brazil's main cocoa state Bahia appear to be running out of puff after churning out beans for weeks at a pace unseen for more than a decade. Last week's arrivals from Bahia totalled 66,084 bags, a big drop after sustaining a level between 90,000
Published 25 Dec, 2010 12:00am
Jinnah's concept of the press

Jinnah's concept of the press

All said and done, Jinnah's concept of the press was but a segment, albeit an important one, of the total framework of the set of overarching values he had subscribed to and stood for throughout his life, despite his chequered political career.
Published 25 Dec, 2010 12:00am
Quaid's vision of education

Quaid's vision of education

Due to the forward looking and transformational leadership provided by the Quaid-e-Azam Muhammad Ali Jinnah and earlier backed by the thinker of Pakistan, Allama Muhammad Iqbal and the massive struggle launched by the Muslims of the then-British sub-conti
Published 25 Dec, 2010 12:00am
Quaid-i-Azam's vision of Pakistan

Quaid-i-Azam's vision of Pakistan

Quaid-i-Azam Muhammad Ali Jinnah was one of the greatest leaders of the modern age, who not only led his people to independence but founded a separate homeland for them, where they could mould their lives in accordance with the teachings of the Holy Quran
Published 25 Dec, 2010 12:00am
A successful pleader for the Pakistan Movement

A successful pleader for the Pakistan Movement

The acquisition of freedom has always been the keen desire of human-beings in every age to live in prestige and honour on the surface of earth. This concept arose in the minds of the South Asian Muslims after the initiation of British rule in India, which
Published 25 Dec, 2010 12:00am
The Message of QUAID-E-AZAM

The Message of QUAID-E-AZAM

"I have always maintained that no nation can ever be worthy for its existence that cannot take its women along with the men."
Published 25 Dec, 2010 12:00am
Message from President of Pakistan

Message from President of Pakistan

I wish to congratulate the management and employees of Pakistan International Airlines on the launch of the "Shaheed Benazir Bhutto Apna Ghar Scheme" for the PIA employees on the auspicious occasion of the birth anniversary of Quaid-e-Azam, Mohammad Ali J
Published 25 Dec, 2010 12:00am
Message from Prime Minister of Pakistan

Message from Prime Minister of Pakistan

The housing scheme "Shaheed Benazir Bhutto Apna Ghar Scheme" for the employees of Pakistan International Airlines is indeed a great achievement, as the hard working workforce of the National Flag Carrier will be able to have an apartment of their own. I a
Published 25 Dec, 2010 12:00am
Message from Minister of Defence and Chairman - PIA

Message from Minister of Defence and Chairman - PIA

I congratulate the employees of Pakistan International Airlines on the launch of Shaheed Benazir Bhutto Apna Ghar Scheme. This is a unique scheme offered by PIA for its employees, where they would be allotted apartments on easy instalments through their P
Published 25 Dec, 2010 12:00am
Message from Chief Minister (Sindh)

Message from Chief Minister (Sindh)

It is a dream of every person to own a house, this dream is now being fulfilled on the launch of Shaheed Benazir Bhutto Apna Ghar Scheme offered by PIA for its employees. I would like to congratulate the employees of PIA, especially the female employees o
Published 25 Dec, 2010 12:00am
Message from Managing Director - PIA

Message from Managing Director - PIA

It gives me immense pleasure to witness the launch of "Shaheed Benazir Bhutto Apna Ghar Scheme", by the President of Pakistan Mr Asif Ali Zardari. My warm felicitations to the employees of the National Flag Carrier, who will Insha Allah be proud owners of
Published 25 Dec, 2010 12:00am
PIA to achieve New Heights - A story of continuing success

PIA to achieve New Heights - A story of continuing success

As Corporations and businesses clearly articulate their mission, vision and strategies; leaders are needed to guide employees toward business successes. Ever since Captain Muhammad Aijaz Haroon took over as Managing Director PIA; a series of steps have be
Published 25 Dec, 2010 12:00am
A Dream Comes True for PIA Employees

A Dream Comes True for PIA Employees

The vision and desire of Shaheed Mohtarma Benazir Bhutto that every Pakistani should have a shelter is now being fulfilled with the announcement of a Housing Scheme for the employees of Pakistan International Airlines.
Published 25 Dec, 2010 12:00am
'Munni Badnam Hui'

'Munni Badnam Hui'

A song from a Bollywood film 'Munni Badnam Hui' that has attracted the attention of cinema lovers is not so surprising but the fact that our politicians have fallen in love with the theme of this song calls for our national attention. A recent TV intervie
Published 25 Dec, 2010 12:00am
Muslim League and Jinnah's Pakistan

Muslim League and Jinnah's Pakistan

Indian National Congress was founded by the British bureaucrat of Bombay Presidency namely Sir Allan Octavian Hume in Bombay during 1885. Likewise, benefactor of the All India Muslim League was Lord Minto, Viceroy of India between the years 1905-1910.
Published 25 Dec, 2010 12:00am
KARACHI CHRONICLE: Sabeel ka chanda

KARACHI CHRONICLE: Sabeel ka chanda

Fifteen years ago when I came to live in Defence Housing Authority and it was Muharram, I waited for the kiddies to appear at the apartment building to demand sabeel ka chanda, funds for a drinks stall set up by children to remember the thirst of Imam Hus
Published 25 Dec, 2010 12:00am
ART FACTS: Colours and emotions

ART FACTS: Colours and emotions

Many things in life inspires an artist who than expresses his/her feelings in the form of an artwork. While visiting Kunj art gallery, Karachi I feel the energy of life and see diverse ideas of ten different artists exhibiting their artworks in a group sh
Published 25 Dec, 2010 12:00am
Book Reviews: 'Dobatey Shehr' - a tale of natural calamities

Book Reviews: 'Dobatey Shehr' - a tale of natural calamities

The book, "Dobatey Shehr" (Sinking Cities) has been authored by the well-known writer, Dr Asif Mahmood Jah who has personally paid a number of visits to the regions of the Khyber Pakhtoonkhwa, Sindh and Punjab, destroyed by the torrential rains and atroci
Published 25 Dec, 2010 12:00am
BRIDGE NOTES: Courage of conviction

BRIDGE NOTES: Courage of conviction

Bridge is all about reading the distribution of the hand both as declarer and defender. Of course as declarer, you need to judge which defender is more likely to have which suit but as a defender, all you have to judge is the declarer's distribution both
Published 25 Dec, 2010 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 25 Dec, 2010 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 25 Dec, 2010 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (December 24, 2010).

Published 25 Dec, 2010 12:00am
ISI is not involved with Taliban: Zardari

ISI is not involved with Taliban: Zardari

President Hamid Karzai said on Friday the Afghan government would welcome any offer by Turkey to facilitate talks with the Taliban that could help bring an end to the conflict in his homeland. Speaking in Istanbul at the end of a trilateral summit between
Published 25 Dec, 2010 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (December 24, 2010).

Published 25 Dec, 2010 12:00am
ISI is not involved with Taliban: Zardari

ISI is not involved with Taliban: Zardari

President Hamid Karzai said on Friday the Afghan government would welcome any offer by Turkey to facilitate talks with the Taliban that could help bring an end to the conflict in his homeland. Speaking in Istanbul at the end of a trilateral summit between
Published 25 Dec, 2010 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (December 24, 2010).

Published 25 Dec, 2010 12:00am
ST refund facility in short shipment cases

ST refund facility in short shipment cases

Taking a major step to facilitate payment of sales tax refunds to exporters, the Federal Board of Revenue (FBR) on Friday allowed processing of refund claims involving 'short-shipment' in cases where Risk Management System (RMS) clears the claim under the
Published 25 Dec, 2010 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (December 24, 2010).

Published 25 Dec, 2010 12:00am
ST refund facility in short shipment cases

ST refund facility in short shipment cases

Taking a major step to facilitate payment of sales tax refunds to exporters, the Federal Board of Revenue (FBR) on Friday allowed processing of refund claims involving 'short-shipment' in cases where Risk Management System (RMS) clears the claim under the
Published 25 Dec, 2010 12:00am
ST refund facility in short shipment cases

ST refund facility in short shipment cases

Taking a major step to facilitate payment of sales tax refunds to exporters, the Federal Board of Revenue (FBR) on Friday allowed processing of refund claims involving ''short-shipment'' in cases where Risk Management System (RMS) clears the claim under t
Published 25 Dec, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (December 24, 2010).
Published 25 Dec, 2010 12:00am
Pending ST refunds: deadline again extended to March 31

Pending ST refunds: deadline again extended to March 31

The Federal Board of Revenue (FBR) on Friday again extended the deadline for disposal of pending sales tax refund payments from December 31, 2010 to March 31, 2011. The board, which had earlier rearranged the deadline from November 30, 2010 to December 31
Published 25 Dec, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (December 24, 2010).

Published 25 Dec, 2010 12:00am
Pending ST refunds: deadline again extended to March 31

Pending ST refunds: deadline again extended to March 31

The Federal Board of Revenue (FBR) on Friday again extended the deadline for disposal of pending sales tax refund payments from December 31, 2010 to March 31, 2011. The board, which had earlier rearranged the deadline from November 30, 2010 to December 31
Published 25 Dec, 2010 12:00am
Pending ST refunds: deadline again extended to March 31

Pending ST refunds: deadline again extended to March 31

The Federal Board of Revenue (FBR) on Friday again extended the deadline for disposal of pending sales tax refund payments from December 31, 2010 to March 31, 2011. The board, which had earlier rearranged the deadline from November 30, 2010 to December 31
Published 25 Dec, 2010 12:00am
Muhammad Ali made Chairman SECP

Muhammad Ali made Chairman SECP

The government has appointed Muhammad Ali Ghulam Muhammad as the Chairman of Securities and Exchange Commission of Pakistan (SECP) for three-year term with immediate effect. In this regard, Prime Minister Syed Yousuf Raza Gilani has signed the summary and
Published 25 Dec, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (December 24, 2010).

Published 25 Dec, 2010 12:00am
Muhammad Ali made Chairman SECP

Muhammad Ali made Chairman SECP

The government has appointed Muhammad Ali Ghulam Muhammad as the Chairman of Securities and Exchange Commission of Pakistan (SECP) for three-year term with immediate effect. In this regard, Prime Minister Syed Yousuf Raza Gilani has signed the summary and
Published 25 Dec, 2010 12:00am
Muhammad Ali made Chairman SECP

Muhammad Ali made Chairman SECP

The government has appointed Muhammad Ali Ghulam Muhammad as the Chairman of Securities and Exchange Commission of Pakistan (SECP) for three-year term with immediate effect. In this regard, Prime Minister Syed Yousuf Raza Gilani has signed the summary and
Published 25 Dec, 2010 12:00am
US downplays trade with blacklist states

US downplays trade with blacklist states

The United States on Friday downplayed a newspaper report about US firms being allowed to do business with Iran and other blacklisted countries, insisting its sanctions were squeezing Tehran. The New York Times reported that some 10,000 deals had been all
Published 25 Dec, 2010 12:00am
US downplays trade with blacklist states

US downplays trade with blacklist states

The United States on Friday downplayed a newspaper report about US firms being allowed to do business with Iran and other blacklisted countries, insisting its sanctions were squeezing Tehran. The New York Times reported that some 10,000 deals had been all
Published 25 Dec, 2010 12:00am
US downplays trade with blacklist states

US downplays trade with blacklist states

The United States on Friday downplayed a newspaper report about US firms being allowed to do business with Iran and other blacklisted countries, insisting its sanctions were squeezing Tehran. The New York Times reported that some 10,000 deals had been all
Published 25 Dec, 2010 12:00am
OMCs, dealers' fixed margin: government refuses to withdraw decision

OMCs, dealers' fixed margin: government refuses to withdraw decision

The government has turned down the request of the oil marketing companies (OMCs) and dealers to withdraw its decision in respect of fixed margins on petroleum products despite one multinational OMC threatened to wind up business in case the decision was n
Published 25 Dec, 2010 12:00am
OMCs, dealers' fixed margin: government refuses to withdraw decision

OMCs, dealers' fixed margin: government refuses to withdraw decision

The government has turned down the request of the oil marketing companies (OMCs) and dealers to withdraw its decision in respect of fixed margins on petroleum products despite one multinational OMC threatened to wind up business in case the decision was n
Published 25 Dec, 2010 12:00am
OMCs, dealers'' fixed margin: government refuses to withdraw decision

OMCs, dealers'' fixed margin: government refuses to withdraw decision

The government has turned down the request of the oil marketing companies (OMCs) and dealers to withdraw its decision in respect of fixed margins on petroleum products despite one multinational OMC threatened to wind up business in case the decision was n
Published 25 Dec, 2010 12:00am
Holiday notice

Holiday notice

The offices of Business Recorder will remain closed today Saturday (December 25), on account of the birth anniversary of Quaid-i-Azam Muhammad Ali Jinnah and Christmas. Arrangements have, however, been made to bring out the newspaper and Internet E
Published 25 Dec, 2010 12:00am
Fiscal deficit may soar to 7.5 percent: more disappointment for IMF

Fiscal deficit may soar to 7.5 percent: more disappointment for IMF

The government borrowing from the State Bank and commercial banks has created enormous problems for the economic managers and it is feared that the fiscal deficit for the current fiscal year may go up to 7.5 percent, 2.8 percent higher than the target agr
Published 25 Dec, 2010 12:00am
Fiscal deficit may soar to 7.5 percent: more disappointment for IMF

Fiscal deficit may soar to 7.5 percent: more disappointment for IMF

The government borrowing from the State Bank and commercial banks has created enormous problems for the economic managers and it is feared that the fiscal deficit for the current fiscal year may go up to 7.5 percent, 2.8 percent higher than the target agr
Published 25 Dec, 2010 12:00am
Fiscal deficit may soar to 7.5 percent: more disappointment for IMF

Fiscal deficit may soar to 7.5 percent: more disappointment for IMF

The government borrowing from the State Bank and commercial banks has created enormous problems for the economic managers and it is feared that the fiscal deficit for the current fiscal year may go up to 7.5 percent, 2.8 percent higher than the target agr
Published 25 Dec, 2010 12:00am
Imposition of RGST: plan 'B' still being secretly pushed forward

Imposition of RGST: plan 'B' still being secretly pushed forward

Despite a categorical denial on the floor of National Assembly, the government is said to have been secretly pushing forward its Plan 'B', mainly based on implementing most of the controversial provisions of 'reform general sales tax' (RGST) through notif
Published 25 Dec, 2010 12:00am
Imposition of RGST: plan 'B' still being secretly pushed forward

Imposition of RGST: plan 'B' still being secretly pushed forward

Despite a categorical denial on the floor of National Assembly, the government is said to have been secretly pushing forward its Plan 'B', mainly based on implementing most of the controversial provisions of 'reform general sales tax' (RGST) through notif
Published 25 Dec, 2010 12:00am
Imposition of RGST: plan ''B'' still being secretly pushed forward

Imposition of RGST: plan ''B'' still being secretly pushed forward

Despite a categorical denial on the floor of National Assembly, the government is said to have been secretly pushing forward its Plan ''B'', mainly based on implementing most of the controversial provisions of ''reform general sales tax'' (RGST) through n
Published 25 Dec, 2010 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 25 Dec, 2010 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 25 Dec, 2010 12:00am
Index gains 65.34 points

Index gains 65.34 points

Late buying on Friday supported the KSE-100 index to register a gain of 65.34 points to close at 11,858.17 points on the back of revived interest of local investors. However, foreign investors opted for profit taking and remained net sellers of shares wor
Published 25 Dec, 2010 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Dec, 2010 12:00am
Index gains 65.34 points

Index gains 65.34 points

Late buying on Friday supported the KSE-100 index to register a gain of 65.34 points to close at 11,858.17 points on the back of revived interest of local investors. However, foreign investors opted for profit taking and remained net sellers of shares wor
Published 25 Dec, 2010 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 25 Dec, 2010 12:00am
Index gains 65.34 points

Index gains 65.34 points

Late buying on Friday supported the KSE-100 index to register a gain of 65.34 points to close at 11,858.17 points on the back of revived interest of local investors. However, foreign investors opted for profit taking and remained net sellers of shares wor
Published 25 Dec, 2010 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Dec, 2010 12:00am
BRIndex30 up 75.75 points

BRIndex30 up 75.75 points

On Friday, the BRIndex30 opened at 8,715.62 points. It touched the intra-day high of 8,801.12 points and low of 8,682.45 points, and closed at 8,791.37 points with a net positive change of 75.75 points, or 0.87 percent.
Published 25 Dec, 2010 12:00am
BRIndex30 up 75.75 points

BRIndex30 up 75.75 points

On Friday, the BRIndex30 opened at 8,715.62 points. It touched the intra-day high of 8,801.12 points and low of 8,682.45 points, and closed at 8,791.37 points with a net positive change of 75.75 points, or 0.87 percent.
Published 25 Dec, 2010 12:00am
Quaid's birth anniversary today

Quaid's birth anniversary today

The nation is celebrating the 134th birth anniversary of Quaid-i-Azam Mohammad Ali Jinnah on today with enthusiasm and national spirit. A 31-gun salute in the Federal Capital and 21-gun salutes in provincial capitals would be given to the Founder of Pakis
Published 25 Dec, 2010 12:00am
Quaid's birth anniversary today

Quaid's birth anniversary today

The nation is celebrating the 134th birth anniversary of Quaid-i-Azam Mohammad Ali Jinnah on today with enthusiasm and national spirit. A 31-gun salute in the Federal Capital and 21-gun salutes in provincial capitals would be given to the Founder of Pakis
Published 25 Dec, 2010 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities on Friday moved both the ways on the Lahore Stock Exchange (LSE) and finally ended in green zone amid ascending transaction volume on account of fresh buying in selective scrips. The LSE-25 index gained 19.71 points and was ended at 3671.84 point
Published 25 Dec, 2010 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities on Friday moved both the ways on the Lahore Stock Exchange (LSE) and finally ended in green zone amid ascending transaction volume on account of fresh buying in selective scrips. The LSE-25 index gained 19.71 points and was ended at 3671.84 point
Published 25 Dec, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (December 24, 2010).

Published 25 Dec, 2010 12:00am
ISE index gains 15.4 points

ISE index gains 15.4 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 15.40 points, as the Index moved from 2,964.96 to 2,980.
Published 25 Dec, 2010 12:00am
ISE index gains 15.4 points

ISE index gains 15.4 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 15.40 points, as the Index moved from 2,964.96 to 2,980.
Published 25 Dec, 2010 12:00am
11 troops martyred, 24 militants killed

11 troops martyred, 24 militants killed

At least 24 militants and 11 soldiers were killed in a clash between the security forces and militants in Mohmand Agency. The gun battle ensued after the attack of the militants on a check post in the tribal region. Mohammad Agency political administrator
Published 25 Dec, 2010 12:00am
11 troops martyred, 24 militants killed

11 troops martyred, 24 militants killed

At least 24 militants and 11 soldiers were killed in a clash between the security forces and militants in Mohmand Agency. The gun battle ensued after the attack of the militants on a check post in the tribal region. Mohammad Agency political administrator
Published 25 Dec, 2010 12:00am
BP's Ghulam Ali elected unopposed FPCCI chief

BP's Ghulam Ali elected unopposed FPCCI chief

Senator Haji Ghulam Ali, presidential candidate of Businessman Panel (BP) in Federation of Pakistan Chambers of Commerce and Industry's (FPCCI) annual elections 2010, elected unopposed as the rival group, Businessmen Forum, did not field its candidate. Ca
Published 25 Dec, 2010 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

Strong dollars' buying pushed the rupee lower on the currency market on Friday ahead of long weekend due to local holiday on account of Quaid-e-Azam birth anniversary, dealers said. The rupee extended its decline versus dollar, losing five paisa for buyin
Published 25 Dec, 2010 12:00am
BP's Ghulam Ali elected unopposed FPCCI chief

BP's Ghulam Ali elected unopposed FPCCI chief

Senator Haji Ghulam Ali, presidential candidate of Businessman Panel (BP) in Federation of Pakistan Chambers of Commerce and Industry's (FPCCI) annual elections 2010, elected unopposed as the rival group, Businessmen Forum, did not field its candidate. Ca
Published 25 Dec, 2010 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

Strong dollars' buying pushed the rupee lower on the currency market on Friday ahead of long weekend due to local holiday on account of Quaid-e-Azam birth anniversary, dealers said. The rupee extended its decline versus dollar, losing five paisa for buyin
Published 25 Dec, 2010 12:00am
BP''s Ghulam Ali elected unopposed FPCCI chief

BP''s Ghulam Ali elected unopposed FPCCI chief

Senator Haji Ghulam Ali, presidential candidate of Businessman Panel (BP) in Federation of Pakistan Chambers of Commerce and Industry''s (FPCCI) annual elections 2010, elected unopposed as the rival group, Businessmen Forum, did not field its candidate. C
Published 25 Dec, 2010 12:00am
Nasiruddin Haqqani arrested

Nasiruddin Haqqani arrested

Nasiruddin Haqqani, the son of Jalaluddin Haqqani was arrested by security forces, an American TV claimed on Friday. Nasiruddin Haqqani, the son of Jalaluddin, the patriarch of the Haqqani Network, was detained along with a Haqqani Network leader known as
Published 25 Dec, 2010 12:00am
Nasiruddin Haqqani arrested

Nasiruddin Haqqani arrested

Nasiruddin Haqqani, the son of Jalaluddin Haqqani was arrested by security forces, an American TV claimed on Friday. Nasiruddin Haqqani, the son of Jalaluddin, the patriarch of the Haqqani Network, was detained along with a Haqqani Network leader known as
Published 25 Dec, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 24, 2010).

Published 25 Dec, 2010 12:00am
India central bank stifles Iran oil imports

India central bank stifles Iran oil imports

India's central bank has said it will not facilitate payments for Iranian crude imports, in another blow to the Islamic Republic's oil business as global pressure on Tehran grows over its nuclear programme. Although United Nations sanctions do not forbid
Published 25 Dec, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 24, 2010).

Published 25 Dec, 2010 12:00am
India central bank stifles Iran oil imports

India central bank stifles Iran oil imports

India's central bank has said it will not facilitate payments for Iranian crude imports, in another blow to the Islamic Republic's oil business as global pressure on Tehran grows over its nuclear programme. Although United Nations sanctions do not forbid
Published 25 Dec, 2010 12:00am
India central bank stifles Iran oil imports

India central bank stifles Iran oil imports

India''s central bank has said it will not facilitate payments for Iranian crude imports, in another blow to the Islamic Republic''s oil business as global pressure on Tehran grows over its nuclear programme. Although United Nations sanctions do not forbi
Published 25 Dec, 2010 12:00am
Benazir Bhutto murder probe waste of time: Pagaro

Benazir Bhutto murder probe waste of time: Pagaro

Pakistan Muslim League Functional Chief Pir Pagaro on Friday termed the probe into Benazir Bhutto's assassination "a waste of time." He was talking to media after meeting with Awami Muslim League (AML) Chief Sheikh Rasheed at Kingri House. He said the pro
Published 25 Dec, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (December 24, 2010).

Published 25 Dec, 2010 12:00am
Benazir Bhutto murder probe waste of time: Pagaro

Benazir Bhutto murder probe waste of time: Pagaro

Pakistan Muslim League Functional Chief Pir Pagaro on Friday termed the probe into Benazir Bhutto's assassination "a waste of time." He was talking to media after meeting with Awami Muslim League (AML) Chief Sheikh Rasheed at Kingri House. He said the pro
Published 25 Dec, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (December 24, 2010)and for Saturday (December 25, 2010).
Published 25 Dec, 2010 12:00am
Used vehicles import: MoC in scuffle with MoI&P for credit

Used vehicles import: MoC in scuffle with MoI&P for credit

The Ministry of Industries and Production (MoI&P) and the Ministry of Commerce (MoC) are reported to be in a scuffle to take credit for proposing allowing the commercial import of used motorcycles, used trucks, buses, tractors and three wheelers, sources
Published 25 Dec, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (December 24, 2010).

Published 25 Dec, 2010 12:00am
Used vehicles import: MoC in scuffle with MoI&P for credit

Used vehicles import: MoC in scuffle with MoI&P for credit

The Ministry of Industries and Production (MoI&P) and the Ministry of Commerce (MoC) are reported to be in a scuffle to take credit for proposing allowing the commercial import of used motorcycles, used trucks, buses, tractors and three wheelers, sources
Published 25 Dec, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (December 24, 2010).

Published 25 Dec, 2010 12:00am
Used vehicles import: MoC in scuffle with MoI&P for credit

Used vehicles import: MoC in scuffle with MoI&P for credit

The Ministry of Industries and Production (MoI&P) and the Ministry of Commerce (MoC) are reported to be in a scuffle to take credit for proposing allowing the commercial import of used motorcycles, used trucks, buses, tractors and three wheelers, sources
Published 25 Dec, 2010 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on December 21, 2010.

Published 25 Dec, 2010 12:00am
Japan approves record $1.1 trillion budget

Japan approves record $1.1 trillion budget

Japan's centre-left government on Friday approved a record 1.1-trillion-dollar budget for the next fiscal year that aims to boost the flagging economy but adds to a mountain of public debt. Prime Minister Naoto Kan's cabinet backed the 92.41 trillion yen
Published 25 Dec, 2010 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on December 21, 2010.

Published 25 Dec, 2010 12:00am
Japan approves record $1.1 trillion budget

Japan approves record $1.1 trillion budget

Japan's centre-left government on Friday approved a record 1.1-trillion-dollar budget for the next fiscal year that aims to boost the flagging economy but adds to a mountain of public debt. Prime Minister Naoto Kan's cabinet backed the 92.41 trillion yen
Published 25 Dec, 2010 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on December 21, 2010.

Published 25 Dec, 2010 12:00am
Japan approves record $1.1 trillion budget

Japan approves record $1.1 trillion budget

Japan''s centre-left government on Friday approved a record 1.1-trillion-dollar budget for the next fiscal year that aims to boost the flagging economy but adds to a mountain of public debt. Prime Minister Naoto Kan''s cabinet backed the 92.41 trillion ye
Published 25 Dec, 2010 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 25 Dec, 2010 12:00am
SBL declared 'scheduled bank'

SBL declared 'scheduled bank'

The State Bank of Pakistan has declared Sindh Bank a scheduled bank. According to Banking Policy and Regulations Department Notification No BPRD (LD-06)/602- Sindh Bank/2010/10372, the State Bank of Pakistan (SBP), in exercise of the powers conferred on i
Published 25 Dec, 2010 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 25 Dec, 2010 12:00am
SBL declared 'scheduled bank'

SBL declared 'scheduled bank'

The State Bank of Pakistan has declared Sindh Bank a scheduled bank. According to Banking Policy and Regulations Department Notification No BPRD (LD-06)/602- Sindh Bank/2010/10372, the State Bank of Pakistan (SBP), in exercise of the powers conferred on i
Published 25 Dec, 2010 12:00am
SBL declared ''scheduled bank''

SBL declared ''scheduled bank''

The State Bank of Pakistan has declared Sindh Bank a scheduled bank. According to Banking Policy and Regulations Department Notification No BPRD (LD-06)/602- Sindh Bank/2010/10372, the State Bank of Pakistan (SBP), in exercise of the powers conferred on i
Published 25 Dec, 2010 12:00am
People's Workers Union urges government not to privatise PSM

People's Workers Union urges government not to privatise PSM

Pakistan Steel Mills People's Workers Union (CBA) has urged the government not to privatise the country's largest steel producing mill, Pakistan Steel. Addressing a press conference at Karachi Press Club, Chairman CBA Shamshad Qureshi and Vice Chairman Mu
Published 25 Dec, 2010 12:00am
The Weather

The Weather

The weather report on Friday (December 24, 2010) and the forecast for Saturday (December 25, 2010).

Published 25 Dec, 2010 12:00am
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