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Archive - 2010-12-30
19th amendment laid in Senate
Top News

19th amendment laid in Senate

ISLAMABAD: Chairman Parliamentary Committee on Constitutional Reforms Mian Raza Rabbani on Thursday laid 19th amendmen
Published 30 Dec, 2010 07:03am
Onion crisis: tearful, indeed
BR Research

Onion crisis: tearful, indeed

Pakistan and India are normally at each others throats; but there is something that brings the two countries together: onions. The Great Oni
Published 30 Dec, 2010 12:00am
Policy of reconciliation being pursued: minister

Policy of reconciliation being pursued: minister

Federal Minister for Textile Industry, Rana M Farooq Saeed Khan said that the current policy of reconciliation being pursued by PPP-led government is the only way forward to strengthen the democratic norms in the country. In response to the recent demand
Published 30 Dec, 2010 12:00am
PSO again rejects 50,000 tons of LSFO cargo: high sulphur content found

PSO again rejects 50,000 tons of LSFO cargo: high sulphur content found

Pakistan State Oil (PSO) has once again rejected a cargo of 50,000 tons Light Sulphur Fuel Oil (LSFO) worth $30 million by UAE-based Fal Oil Company on Monday last after a high sulphur content was found in fuel oil. This is the second shipment carrying fu
Published 30 Dec, 2010 12:00am
WAPDA committed to optimum utilisation of hydropower potential

WAPDA committed to optimum utilisation of hydropower potential

WAPDA is committed to optimum utilisation of hydropower potential in the country, as execution of hydel projects will not only help bridge the gap between generation and consumption of electricity but also improve the ratio of low-cost hydropower in the N
Published 30 Dec, 2010 12:00am
Safdar Abbasi expresses reservations over JIT of FIA

Safdar Abbasi expresses reservations over JIT of FIA

It is inexplicable that after the passage of three years the administration sought a statement from the man driving the bullet proof Prado in which Benazir Bhutto was assassinated; and speaks volumes of a hidden agenda, said Senator Safdar Abbassi, senior
Published 30 Dec, 2010 12:00am
'Brothel' den busted, eight persons including four women held

'Brothel' den busted, eight persons including four women held

Islamabad Police has claimed to have raided a brothel den running under the guise of homoeopathic clinic and held eight persons, including four women, while 12 other persons were nabbed for their alleged involvement in drug pushing and possessing illegal
Published 30 Dec, 2010 12:00am
Pakistan clears Indian train drivers' visas

Pakistan clears Indian train drivers' visas

Pakistan's High Commission in New Delhi issued visas to six Indian Railways train drivers and a guard, clearing way for the thrice-a-week goods train to roll again after a week's break. The train had come to a halt at Attari station on December 22, after
Published 30 Dec, 2010 12:00am
Index gains 37.97 points

Index gains 37.97 points

Late buying, mainly by foreign investors and institutions, on Wednesday supported the KSE-100 index to register a rise of 37.97 points which closed at 11,886.02 points. The market witnessed mixed trend, with the index oscillating between 11,941.27 points
Published 30 Dec, 2010 12:00am
Index gains 37.97 points

Index gains 37.97 points

Late buying, mainly by foreign investors and institutions, on Wednesday supported the KSE-100 index to register a rise of 37.97 points which closed at 11,886.02 points. The market witnessed mixed trend, with the index oscillating between 11,941.27 points
Published 30 Dec, 2010 12:00am
Index gains 37.97 points

Index gains 37.97 points

Late buying, mainly by foreign investors and institutions, on Wednesday supported the KSE-100 index to register a rise of 37.97 points which closed at 11,886.02 points. The market witnessed mixed trend, with the index oscillating between 11,941.27 points
Published 30 Dec, 2010 12:00am
BRIndex30 up 41.5 points

BRIndex30 up 41.5 points

On Wednesday, the BRIndex30 opened at 8,755.84 points. It touched the intra-day high of 8,836.75 points and low of 8,726.87 points, and closed at 8,797.34 points, with a net positive change of 41.5 points, or 0.47 percent. The volume was 72,423,818 shares
Published 30 Dec, 2010 12:00am
BRIndex30 up 41.5 points

BRIndex30 up 41.5 points

On Wednesday, the BRIndex30 opened at 8,755.84 points. It touched the intra-day high of 8,836.75 points and low of 8,726.87 points, and closed at 8,797.34 points, with a net positive change of 41.5 points, or 0.47 percent. The volume was 72,423,818 shares
Published 30 Dec, 2010 12:00am
World's largest single train urea plant begins production

World's largest single train urea plant begins production

The world's largest single train urea plant, set by Engro Corporation at Dehrki, has started production on Wednesday. According to an information sent to Karachi Stock Exchange (KSE), Engro Corporation informed that after successful commissioning, trial p
Published 30 Dec, 2010 12:00am
Indus Motors reduces prices of Cuore, Toyota Corolla sedans

Indus Motors reduces prices of Cuore, Toyota Corolla sedans

Indus Motor announced on Wednesday that they would reduce the prices of Daihatsu Cuore and Toyota Corolla sedans effective December 29, 2010. The reduction ranges between Rs 15,000 to Rs 40,000 per vehicle. The company spokesperson added that over last se
Published 30 Dec, 2010 12:00am
Three die of gas suffocation in Quetta

Three die of gas suffocation in Quetta

Three member of a family died of suffocation in Shafi Colony of the metropolis on Wednesday. According to police, the dead identified Akram, Ramzan and their mother were asleep in their room and forgot to switch off the gas heater. They died of gas suffoc
Published 30 Dec, 2010 12:00am
E-filing of tax returns: notices issued to 12,000 corporate taxpayers

E-filing of tax returns: notices issued to 12,000 corporate taxpayers

The Federal Board of Revenue on Wednesday issued notices to around 12,000 companies, corporate entities and business units to electronically file their income tax returns by December 31 for the Tax Year 2010. In this regard, the FBR has communicated the e
Published 30 Dec, 2010 12:00am
FPCCI invited to join Thar project: PPP-MQM coalition intact, says Qaim

FPCCI invited to join Thar project: PPP-MQM coalition intact, says Qaim

Sindh Chief Minister Syed Qaim Ali Shah on Wednesday said coalition between Pakistan People's Party and Muttaheda Quami Movement is intact and minor differences, if any, will be resolved amicably. "Difference of opinion can emerge even within family membe
Published 30 Dec, 2010 12:00am
Three new member-directors elected to KSE BoD

Three new member-directors elected to KSE BoD

The Karachi Stock Exchange (KSE) members on Wednesday elected five member-directors at the KSE board for the term commencing from January 1, 2011. The election to elect five new member-directors was held here at KSE and was contested by nine candidates. I
Published 30 Dec, 2010 12:00am
Notes with Kardar's signature from January 3

Notes with Kardar's signature from January 3

The State Bank of Pakistan will start issuing bank notes, bearing signature of SBP Governor Shahid Kardar from January 3, 2011, from the field offices of SBP Banking Services Corporation. The bank notes bearing the signatures of his predecessors shall con
Published 30 Dec, 2010 12:00am
'RGST to pave way for tax frauds, fake invoices'

'RGST to pave way for tax frauds, fake invoices'

The introduction of the Reformed General Sales Tax (RGST) would pave way for tax frauds and business of fake and flying invoices as happened in the past. This was stated by Former Member Federal Board of Revenue (FBR) and economist Dr Ather Maqsood Ahmed
Published 30 Dec, 2010 12:00am
Flaws in 7th NFC Award pinpointed

Flaws in 7th NFC Award pinpointed

A former official of the International Monetary Fund (IMF) Dr Ehtisham Ahmed here on Wednesday pinpointed flaws in 7th NFC Award saying that services base under GST is not stable, as the GST enforcement on certain services could be blocked by any province
Published 30 Dec, 2010 12:00am
PIDE moot: opening of industrial homes to help check crimes

PIDE moot: opening of industrial homes to help check crimes

Taking into account the rising trend of crimes in the country, it is need of the hour to open more industrial homes in the rural areas, as it will help create economic activities and also block the spate of urbanisation.
Published 30 Dec, 2010 12:00am
Reservations of coalition partners being addressed, says Zardari

Reservations of coalition partners being addressed, says Zardari

President Asif Ali Zardari said that the reservations expressed by MQM during its delegations' meeting recently with him in Islamabad were being addressed and the policy of reconciliation and taking on board all stakeholders would continue as before.
Published 30 Dec, 2010 12:00am
Payment of utilities through 11,000 shops: NADRA, Ufone sign MoU

Payment of utilities through 11,000 shops: NADRA, Ufone sign MoU

December 29: National Database and Registration Authority (NADRA) has signed a memorandum of understanding (MoU) with Ufone to facilitate the people to pay their utilities with ease through 11,000 Ufone shops round the country. The MoU was signed between
Published 30 Dec, 2010 12:00am
'India planning to construct 250 dams over Chenab'

'India planning to construct 250 dams over Chenab'

India is planning to construct about 250 small and big dams on River Chenab, which would further aggravate water situation in Pakistan, said Prime Minister, Azad Jammu and Kashmir Sardar Attique Ahmad Khan while speaking at Lahore Chamber of Commerce and
Published 30 Dec, 2010 12:00am
PMA issues ultimatum for implementation of pay scale

PMA issues ultimatum for implementation of pay scale

Pakistan Medical Association (PMA) has given ultimatum of six weeks to the Punjab government for implementation of special pay scale for doctors. It further said that any further delay would lead to protests.
Published 30 Dec, 2010 12:00am
Pilot project being launched to control population

Pilot project being launched to control population

Population Welfare Department Punjab has planned to launch a pilot project to control rapidly increasing population with the help of Ulema. It was the same model that Bangladesh, Iran and Indonesia used in order to control population. Punjab Minister for
Published 30 Dec, 2010 12:00am
South Punjab to get 35 percent raise in next uplift budget

South Punjab to get 35 percent raise in next uplift budget

Provincial Law Minister Rana Sanaullah Khan has said that development budget of South Punjab will increase from 29 to 35 percent in the next budget. He was addressing the Second Public Policy Dialogue on South Punjab organised by Pakistan Institute of Leg
Published 30 Dec, 2010 12:00am
PTA condemns suspension of gas supply to Punjab

PTA condemns suspension of gas supply to Punjab

Pakistan Tanners Association (PTA) Wednesday condemned closure of gas supply to Punjab until December 31, 2010. Khawaja Muhammad Abdullah former chairman PTA said Prime Minister Yousuf Raza Gilani had already issued directives to all concerned quarters fo
Published 30 Dec, 2010 12:00am
104th founding day of Muslim League to be held today

104th founding day of Muslim League to be held today

A function in connection with 104th founding day of Muslim League (ML) will be held today at Expo Center Johar Town Lahore under the aegis of Pakistan Muslim League-N. Central leadership and workers of PML-N from the four provinces will participate. Quaid
Published 30 Dec, 2010 12:00am
Multan businessmen reiterate opposition to RGST

Multan businessmen reiterate opposition to RGST

Business community has advised the government to refrain from imposing unresolved and controversial RGST, as the real stakeholders are not in favour of it. Khawaja Muhammad Shafiq a leader of the business community said the Governor State Bank of Pakistan
Published 30 Dec, 2010 12:00am
LDA plans to establish CBD

LDA plans to establish CBD

The Lahore Development Authority (LDA) has planned to establish a Central Business District (CBD) in the city comprising Jail Road, Main Boulevard, M. M. Alam Road, segment of Hali Road and Sharae Noor Jehan, Gulberg for creating more investment, business
Published 30 Dec, 2010 12:00am
Prime Minister urged to take notice of urea prices hike

Prime Minister urged to take notice of urea prices hike

Provincial Agriculture Minister Malik Ahmad Ali Aulakh has said that he has written a letter to Prime Minister Syed Yousaf Raza Gilani should take notice of the increase in the prices of urea. The price of 50-Kg bag of urea has now reached at Rs 1090. He
Published 30 Dec, 2010 12:00am
Revolution is inevitable, says Imran

Revolution is inevitable, says Imran

Revolution is knocking at the door and this massive human wave will demolish the big palaces made from the public money said Imran Khan, Chairman Pakistan Tehreek-e-Insaf, while addressing to a huge gathering in Faisalabad on Wednesday.
Published 30 Dec, 2010 12:00am
IG NH&MP inspects polio immunisation drive

IG NH&MP inspects polio immunisation drive

Inspector General National Highways & Motorway Police (NH&MP) Dr Wasim Kauser has inspected three-day polio vaccination drive and administered polio droops to children at N-5 Central Zonal office Lahore here on Wednesday. Dr Kauser said that children were
Published 30 Dec, 2010 12:00am
LBA annual elections 43 file nomination papers

LBA annual elections 43 file nomination papers

As many as 43 candidates on Wednesday filed nomination papers for 21 seats of Lahore Bar Association on the last day of filing nomination for the bar's annual election scheduled for January 15 next. According to the list issued by the bar, four candidates
Published 30 Dec, 2010 12:00am
350 megawatts power production by next year: KESC CEO

350 megawatts power production by next year: KESC CEO

Chief Executive Officer (CEO), Karachi Electric Supply Company (KESC) Tabish Gouhar has said that 560 MW under construction units will start producing 350 MW power by next year. Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI), Gou
Published 30 Dec, 2010 12:00am
Government urged to abolish 'parallel' judicial system

Government urged to abolish 'parallel' judicial system

Joint Action Committee (JAC) for People's Rights Lahore and Women Action Forum (WAF) have urged the government to abolish parallel judicial system, especially the Federal Shariat Court (FSJ) and if government fails to do so, the civil society would play i
Published 30 Dec, 2010 12:00am
Women urged to participate in outdoor activities

Women urged to participate in outdoor activities

Chairperson, PFF women's wing committee, Robina Irfan has congratulated National Women Champions Young Rising Star Rawalpindi and Diya Women FC, Karachi for getting membership of the federation alongwith other clubs, thus increasing the PFF Congress stren
Published 30 Dec, 2010 12:00am
Punjab University faculty members attend training courses

Punjab University faculty members attend training courses

Vice Chancellor, Punjab University, Professor Dr Mujahid Kamran held a meeting with Director Institute of Quality & Technology Management (IQTM), Dr Aamir Ijaz, Dr Ayyaz Muhammad, Associate Professor, Institute of Chemical Engineering & Technology and Dr
Published 30 Dec, 2010 12:00am
KESC exempts Karachi University from loadshedding

KESC exempts Karachi University from loadshedding

Karachi Electric Supply Company (KESC) has exempted Karachi University (KU) from loadshedding. KESC would also provide branded bus to the university within next three months. Official at KESC told Business Recorder here on Wednesday that KESC would
Published 30 Dec, 2010 12:00am
Prize bonds draw

Prize bonds draw

The 45th draw of Rs 15000 denomination prize bonds would be held in Peshawar on January 03, next in the premises of State Bank of Pakistan, Peshawar. This was stated in a press release issued on Wednesday.
Published 30 Dec, 2010 12:00am
'My party will oppose RGST'

'My party will oppose RGST'

Recently elected president of FPCCI, Haji Ghulam Ali has assured business community that his party Jamiat Ulma Islam (JUI) will opposed imposition of Reform General Sales Tax (RGST) in National Assembly. Addressing a dinner hosted by Khalid Tawab on Tuesd
Published 30 Dec, 2010 12:00am
Fazl leaves for Umrah

Fazl leaves for Umrah

Jamiat Ulema-e-Islam-Fazal (JUI-F)'s Chief Maulana Fazal-ur-Rehman on Wednesday left for Saudi Arabia to perform Umrah amid the growing political temperature of the country. Talking to Business Recorder JUI-F's spokesman Maulana Amjad Khan confirme
Published 30 Dec, 2010 12:00am
2010 versus 2008: back to square one

2010 versus 2008: back to square one

Informed sources revealed exclusively to Business Recorder that the budget deficit for the current fiscal year is expected to reach 7.5 percent. This is 0.1 percent higher than the deficit that the incumbent government inherited in 2008. This stati
Published 30 Dec, 2010 12:00am
The bane of child labour

The bane of child labour

A survey report presented at a seminar jointly hosted by the ILO and the Federal Ministry of Information on Friday, pointed out that the scourge of child labour is spreading rather than receding in the country. There are over 21 million child labourers be
Published 30 Dec, 2010 12:00am
VIEWPOINT: PPP workers' sense of shame

VIEWPOINT: PPP workers' sense of shame

Observing the third anniversary of her assassination at Naudero, the PPP workers gave vent to their desperation at the government failure to bring Benazir Bhutto's killers to account repeatedly shouting the slogan, "Bibi, Hum Sharminda Hein, Teray Qatil Z
Published 30 Dec, 2010 12:00am
Knowing the banking business

Knowing the banking business

Banking is a global phenomenon, and most of the major banking institutions have their presence globally or if not present physically, they have banking arrangements with other institutions.
Published 30 Dec, 2010 12:00am
Crisis forces young Greeks to seek their fate abroad

Crisis forces young Greeks to seek their fate abroad

Nikos Tsatalbas, a salesman from Athens, insists that he does not know whether incompetence or corruption were the root cause of the financial crisis gripping Greece. But he does have a reasonably clear idea of how he will confront the obstacles ahead.
Published 30 Dec, 2010 12:00am
Turkish power plant

Turkish power plant

A Turkish power plant on ship arrived in Karachi and was inaugurated by Prime Minister of Pakistan on November 21, 2010 in Karachi. A large number of advertisements appeared in print and electronic media. There are reports that the power plant is not work
Published 30 Dec, 2010 12:00am
If we were all snakes...

If we were all snakes...

During recent cultural celebrations in Sukkur, the snake charmers, dressed in Sindhi traditional Ajraks as well as live snakes, participated and danced to the popular tune of Sindhi folk songs. About dozens of snake charmers participated under umbrella of
Published 30 Dec, 2010 12:00am
Preston University holds seminar

Preston University holds seminar

The Forum of Federation with the collaboration of the Centre of Civic Education organised seminar on "Understanding Federalism" at Preston University recently. The seminar, a public education campaign, was held to create awareness about the concept of Fed
Published 30 Dec, 2010 12:00am
LLB Part-1: Sindh University announces admission schedule

LLB Part-1: Sindh University announces admission schedule

The University of Sindh has announced admission schedule in its affiliated law colleges for LLB Part-I for the session 2010-2011 here on Wednesday. According to notification issued by Registrar Dr Muhammad Siddique Kalhoro the last date for submission of
Published 30 Dec, 2010 12:00am
Jamaat-e-Islami asks nation to join strike on December 31

Jamaat-e-Islami asks nation to join strike on December 31

The countrywide shutter down on December 31 on the issue of the Holy Prophet's (PBUH) sanctity would demonstrate the Muslims' faith and the whole nation must stand united on this sensitive issue, Deputy Secretary General, Jamaat-e-Islami Dr Farid Ahmed Pa
Published 30 Dec, 2010 12:00am
Intel Solid-State Drive 310 series offered

Intel Solid-State Drive 310 series offered

Intel Corporation announced on Wednesday that Intel(r) Solid-State Drive (Intel(r) 890) 310 Series, an ultra-small solid-state drive (550) that delivers Intel(r) X25-class award-winning SSD performance but in one-eighth the size. Measuring 5lmm.by-30mm an
Published 30 Dec, 2010 12:00am
German Parliamentarian meets Kayani

German Parliamentarian meets Kayani

Member of Defence Committee and Sub Committee of German Parliament on Disarmament Arms Control and Non Proliferation Elke Hoff on Wednesday called on Chief of Army Staff General Ashfaq Parvez Kayani at General Headquarters. The visiting dignitary remained
Published 30 Dec, 2010 12:00am
Boats come to moor due to harsh winter gusty winds

Boats come to moor due to harsh winter gusty winds

Gusty winds of winter have started causing fishermen to move their boats to shorelines, bringing their nocturnal voyage on the sea to an end. The voyagers have barely enough body protection to fight the cold weather amid uncertain conditions, which always
Published 30 Dec, 2010 12:00am
Khyber Pakhtunkhwa traders to observe shutter down on December 31

Khyber Pakhtunkhwa traders to observe shutter down on December 31

Trading community of Khyber Pakhtunkwa Wednesday announced complete support for the decision of All Pakistan Anjuman-e-Tajran for holding shutter down strike on Friday (December 31) against the proposed amendments in the Blasphemy Law. The unanimity was e
Published 30 Dec, 2010 12:00am
SHC sets aside appointment of six unqualified officers as DCOs

SHC sets aside appointment of six unqualified officers as DCOs

The Sindh High Court set aside notification regarding appointment of 'unqualified' officers on posts of District Co-ordination Officer in six districts of the province. Passing this order on Tuesday, a division bench, comprising Justice Shahid Anwar Bajwa
Published 30 Dec, 2010 12:00am
US MIDDAY: gold hits three-week high, silver up

US MIDDAY: gold hits three-week high, silver up

Gold climbed to its highest in three weeks and silver rose toward a 30-year high on Wednesday, as thin volume and a weaker dollar drove bullion to within $20 of its record. Gold buying was boosted as the dollar fell against the yen, euro and some commodit
Published 30 Dec, 2010 12:00am
US MIDDAY: soya down, wheat up

US MIDDAY: soya down, wheat up

Soyabean futures on the Chicago Board of Trade were lower early on Wednesday, but losses were pared as the US dollar weakened. Earlier, traders took profits after a seven-day run-up in the front-month soyabean contract. Profit-taking and chart-based selli
Published 30 Dec, 2010 12:00am
US MIDDAY: sugar at fresh 30-year peak

US MIDDAY: sugar at fresh 30-year peak

ICE raw sugar futures rose to a fresh 30-year peak on Wednesday due to tight supplies, while ICE cocoa fell after data on bean arrivals showed ample supplies were getting through despite a power struggle in Ivory Coast. ICE March raw sugar was up 0.34 cen
Published 30 Dec, 2010 12:00am
Gold edges above $1,400 in London trade

Gold edges above $1,400 in London trade

Gold notched up a second straight day of increases to near two-week highs on Wednesday, closing in on a tenth consecutive yearly gain as doubt reemerged over the US economic outlook and weakened the dollar. Palladium hit fresh nine-year highs, driven by e
Published 30 Dec, 2010 12:00am
US gold hits two-week high

US gold hits two-week high

Gold prices jumped over 1.5 percent and silver streaked toward a 30-year high on Tuesday, as thin volume and bullish hopes for next year drove bullion above $1,400 an ounce for the first time in two weeks. "There's a little year-end rush to see if we can
Published 30 Dec, 2010 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold prices hovered near their two-week high above $1,400 on Wednesday as lacklustre economic data from the United States burnished the metal's safe-haven appeal, while bullish forecast for next year helped keep the market sentiment buoyant. Spot gold was
Published 30 Dec, 2010 12:00am
Oil stays near 26-month highs

Oil stays near 26-month highs

Oil fell on Wednesday but stayed near recent 26-month highs, pulled down in light trade by profit-taking as markets awaited the release of US inventory data. Analysts forecast a drawdown in crude oil inventories for the fourth consecutive period last week
Published 30 Dec, 2010 12:00am
Liffe sugar rises

Liffe sugar rises

Liffe March white sugar ended $6.00 higher at $826.40 per tonne on Wednesday, having previously reached a contract high of $835.80, supported by tight global supplies due to adverse weather in key producing countries. Liffe May cocoa ended 21 pounds highe
Published 30 Dec, 2010 12:00am
New York sugar jumps to 30-year top

New York sugar jumps to 30-year top

Raw sugar futures vaulted Tuesday to a 30-year high on trade and speculative buying, with late short-covering nudging arabica coffee to nearly a 13-1/2-year high in thin business as most players were away until after the New Year, analysts said.Cocoa valu
Published 30 Dec, 2010 12:00am
Malaysian palm oil lower

Malaysian palm oil lower

Malaysian palm oil futures snapped a seven-day winning streak on Wednesday, as traders booked profits although concerns over weak global vegetable oil production persisted. Palm oil, which hit a 33-month high the day before, continued to draw support from
Published 30 Dec, 2010 12:00am
US soyabeans extend rally

US soyabeans extend rally

Soyabean futures on the Chicago Board of Trade rose for a sixth straight session on Monday, climbing 1.7 percent as forecasts for hot, dry weather stoked fears about crop prospects in Argentina, the world's No 3 soy exporter, traders said. CBOT January so
Published 30 Dec, 2010 12:00am
Tokyo rubber futures bounce back

Tokyo rubber futures bounce back

Tokyo rubber futures ended higher on Wednesday as crude oil held steady ahead of inventory data, but a firm yen capped gains as trading activity began to slow down ahead of year-end holidays. The most active contract on the key Tokyo Commodity Exchange, c
Published 30 Dec, 2010 12:00am
LME copper hits record on 2011 demand view

LME copper hits record on 2011 demand view

LME copper hit a record high on Wednesday, playing catch up with US prices on prospects of recovering 2011 demand, while a rate rise in top consumer China at the weekend failed to quell the metal's record run. Three-month copper on the London Metal Exchan
Published 30 Dec, 2010 12:00am
Shanghai copper rises

Shanghai copper rises

Shanghai's third month copper contract rose 0.7 percent to 69,510 yuan, not far from last week's 33-month peak of 70,000 yuan. International metals prices saw some support after the People's Bank of China (PBOC) fixed the yuan's mid-point versus the dolla
Published 30 Dec, 2010 12:00am
US copper rises to new record

US copper rises to new record

US copper futures rumbled to a new record in thin dealings on Tuesday, propped up by sharp falls in the dollar, a strong Chinese currency and threats of supply disruptions, analysts said. The benchmark fourth-month copper contract on the COMEX division of
Published 30 Dec, 2010 12:00am
New York cotton ends down for second straight session

New York cotton ends down for second straight session

US cotton futures finished lower on Wednesday for the second straight session on investor liquidation although the market managed to hold the lower end of its trading range, analysts said. The key March cotton contract on ICE Futures US declined 3.93 cent
Published 30 Dec, 2010 12:00am
Five held for planning attack on Danish paper

Five held for planning attack on Danish paper

Police on Wednesday arrested five people suspected of planning to attack the Danish newspaper that outraged Muslims in 2005 with blasphemy. Denmark's PET security police said the suspects had planned to enter a Copenhagen office block housing several news
Published 30 Dec, 2010 12:00am
US announces new insider trading arrest

US announces new insider trading arrest

A California woman has been arrested on charges of leaking secrets about technology companies to hedge funds, as federal prosecutors expand their probe into insider trading. Winifred Jiau, 43, was charged with one count of securities fraud and one count o
Published 30 Dec, 2010 12:00am
Palestinians seek more than a 'Facebook state': Prime Minister

Palestinians seek more than a 'Facebook state': Prime Minister

Palestinians expect wider recognition of their statehood in the coming year and it will mean more than the mere "Facebook state" predicted by an Israeli official, Prime Minister Salam Fayyad said on Wednesday. Fayyad said recognition by many countries wou
Published 30 Dec, 2010 12:00am
Russian space officials fired over satellite crash

Russian space officials fired over satellite crash

President Dmitry Medvedev fired two senior Russian space officials on Wednesday over the loss of three navigation satellites that crashed into the sea this month. The GLONASS satellites, intended for Russia's rival to the American GPS system, a project de
Published 30 Dec, 2010 12:00am
UAE slaps steep visa fees on Canadians

UAE slaps steep visa fees on Canadians

The United Arab Emirates announced it will charge Canadians up to 1,000 dollars for a visa beginning next week, in an ongoing row between the two countries over aviation rights. The UAE embassy in Ottawa announced on its website that fees for a six-month
Published 30 Dec, 2010 12:00am
Putin praises nuclear arms treaty with US

Putin praises nuclear arms treaty with US

Russian Prime Minister Vladimir Putin praised the New START nuclear arms treaty with the United States on Wednesday in his first remarks on the pact since the US Senate approved it last week. Putin lauded President Dmitry Medvedev for forging the treaty w
Published 30 Dec, 2010 12:00am
China says corruption 'still very serious' problem

China says corruption 'still very serious' problem

China on Wednesday admitted its corruption problem was "still very serious" and pledged to work harder to crush widespread official graft and win the public's confidence. In a new government report on the anti-corruption drive, the communist rulers in Bei
Published 30 Dec, 2010 12:00am
Suicide bombers kill police chief in Mosul

Suicide bombers kill police chief in Mosul

Three suicide bombers stormed into a police battalion headquarters on Wednesday and killed the commander in the restive northern Iraqi city of Mosul, police sources said. The sources said three militants detonated their explosive vests in the office of Li
Published 30 Dec, 2010 12:00am
Tunisia names new youth minister after riots

Tunisia names new youth minister after riots

Tunisian President Zine al-Abidine Ben Ali named a new youth minister on Wednesday but left major portfolios unchanged in a partial reshuffle after rare violent protests by jobless youths, official media said. In addition to the Youth and Sport portfolio,
Published 30 Dec, 2010 12:00am
Croatian parliament approves new cabinet ministers

Croatian parliament approves new cabinet ministers

The Croatian parliament approved on Wednesday a reshuffle of Prime Minister Jadranka Kosor's centre-right cabinet focused on economic recovery and the conclusion of EU entry talks before a general election due in late 2011. "The new people will help achie
Published 30 Dec, 2010 12:00am
Gunmen kill 10th journalist in perilous Honduras

Gunmen kill 10th journalist in perilous Honduras

Unident-ified gunmen shot and killed radio reporter Henry Suazo, the 10th journalist to be killed this year in Honduras, the most dangerous country for members of the media, Radio HRN said Tuesday. "We urge the authorities to clarify the facts, the motive
Published 30 Dec, 2010 12:00am
Manchester United go top

Manchester United go top

Manchester United extended their unbeaten Premier League run to 18 games and regained top spot on Tuesday but there were no celebrations after they gave away another late goal in a 1-1 draw at Birmingham City. Earlier Mario Balotelli hit a hat-trick, incl
Published 30 Dec, 2010 12:00am
Football now on strong footing in Pakistan: Faisal

Football now on strong footing in Pakistan: Faisal

Pakistan Football Federation (PFF)'s President Faisal Saleh Hayat has said that football is now a happening sports in Pakistan and they will leave no stone unturned to grip berth in London Olympics and World Cup Qualifiers.
Published 30 Dec, 2010 12:00am
Indian field hockey body launches new league

Indian field hockey body launches new league

Indian field hockey looks set for a new confrontation with FIH after the launch of a franchise-based league to be organised by a federation not recognised by the world governing body. Several top Indian players, including star penalty-corner specialist Sa
Published 30 Dec, 2010 12:00am
India win sets up series decider

India win sets up series decider

India completed an 87-run win on the fourth day of the second Test against South Africa at Kingsmead on Wednesday to set up a series decider in the final match in Cape Town. Set a target of 303, South Africa were bowled out for 215. The match finished an
Published 30 Dec, 2010 12:00am
Malaysia lift first AFF Cup despite second leg defeat

Malaysia lift first AFF Cup despite second leg defeat

Malaysia won the AFF Cup for the first time with a 4-2 aggregate success after losing 2-1 at hosts Indonesia in the second leg of the final at the Gelora Bung Karno Stadium on Wednesday. Prolific Malaysian Safee Sali broke the deadlock in the 54th minute,
Published 30 Dec, 2010 12:00am
Thousands attend Cohen's funeral

Thousands attend Cohen's funeral

Thousands of mourners joined former Liverpool and Israel defender Avi Cohen's funeral procession on Wednesday after he died from injuries sustained in a road accident in Tel Aviv last week. Cohen, who was 54, was thrown from his motorcycle after a collisi
Published 30 Dec, 2010 12:00am
Australian nears record high versus euro

Australian nears record high versus euro

The Australian dollar hovered near record highs on the euro on Wednesday and held comfortably above one US dollar as surging commodity prices gave it, and its New Zealand neighbour, a lift. All of which kept the Aussie dollar well supported at $1.0102, gi
Published 30 Dec, 2010 12:00am
Taiwan dollar, won up

Taiwan dollar, won up

The Taiwan dollar and the South Korean won rose against the dollar on Wednesday in thin, year-end trading despite efforts by both countries to calm currency volatility and prevent sudden capital flows. Taiwan's central bank has inspected non-deliverable f
Published 30 Dec, 2010 12:00am
Indian rupee marginally up

Indian rupee marginally up

The Indian rupee seesawed before closing marginally higher on Wednesday as demand for dollars from oil firms was offset by gains of more than a percent in the domestic sharemarket and a weak US unit overseas. The partially convertible rupee closed at 45.0
Published 30 Dec, 2010 12:00am
Swiss franc climbs

Swiss franc climbs

The Swiss franc was within striking distance of its record high versus the euro on Wednesday, supported by investors shunning risk after disappointing US data. The franc was little changed against the euro compared to the New York close, trading at 1.2489
Published 30 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 Wednesday. 70.74/70.75 (previous 70.72/70.72). Call Money Rates: 14.00-20.00 percent (previous 5.50-22.50 percent).
Published 30 Dec, 2010 12:00am
Dollar hits record low versus franc

Dollar hits record low versus franc

The dollar set a record low against the Swiss franc and hit a 6-1/2-week low against the yen on Tuesday after Japan reported its factory output rose in November for the first time in six months. But a decline in US consumer confidence and lingering worrie
Published 30 Dec, 2010 12:00am
Early trade in New York: Dollar falls versus yen

Early trade in New York: Dollar falls versus yen

The dollar fell against the yen on Wednesday as Japanese exporters brought earnings back home, outweighing higher US bond yields, which rose following the prior session's weak Treasury auction. Commodity gains boosted the Australian and New Zealand dollar
Published 30 Dec, 2010 12:00am
Dollar steadies versus euro in London

Dollar steadies versus euro in London

The dollar steadied against the euro on Wednesday as a spike in US Treasury yields helped it recover from losses the previous day, while gains in commodity prices buoyed the likes of the Australian and Canadian dollars.
Published 30 Dec, 2010 12:00am
Dollar stabilises in Asia

Dollar stabilises in Asia

The dollar stabilised on Wednesday after a spike in US Treasury yields helped it recover from a sharp loss against the euro in a yo-yo session the previous day marked by thin year-end flows. The Swiss franc held near a record high against the euro and the
Published 30 Dec, 2010 12:00am
Sterling up versus dollar

Sterling up versus dollar

Sterling edged up from near 3-1/2 month lows against the dollar in thin trade on Wednesday, as year-end position adjustments drove trading although a fragile outlook for the UK economy curbed gains. The pound has been under pressure since last week as hig
Published 30 Dec, 2010 12:00am
Yuan slightly up

Yuan slightly up

The yuan closed up slightly against the dollar on Wednesday and appeared to be set for a new leg of measured appreciation after the People's Bank of China fixed its mid-point near a record high for the second day. The PBOC set the day's mid-point against
Published 30 Dec, 2010 12:00am
Beijing hikes minimum wage by 20 percent

Beijing hikes minimum wage by 20 percent

Authorities in Beijing have hiked the minimum wage in the capital by about 20 percent for the second time in six months amid soaring food costs, rising property prices and China's widening wealth gap. The minimum monthly salary in the city will be increas
Published 30 Dec, 2010 12:00am
Awarded newspaper printing by Paarl Coldset

Awarded newspaper printing by Paarl Coldset

The WAN-IFRA International Newspaper Color Quality Club celebrates a premiere: the South African newspaper Naweek Beeld is the first African member of this elite group of newspaper printers. Manroland AG shares the pleasure of the success gained by its lo
Published 30 Dec, 2010 12:00am
US blizzard delays $1 billion in holiday sales

US blizzard delays $1 billion in holiday sales

A blizzard in the US Northeast this weekend postponed about $1 billion in holiday retail sales by keeping shoppers out of stores in the days after Christmas, research firm ShopperTrak said on Wednesday. The snowstorm shut roads and cancelled flights in Ne
Published 30 Dec, 2010 12:00am
Home foreclosures jump

Home foreclosures jump

US home foreclosures jumped in the third quarter and banks' efforts to keep borrowers in their homes dropped as the housing market continues to struggle, US bank regulators said on Wednesday. The regulators said one reason for the increase in foreclosures
Published 30 Dec, 2010 12:00am
Microsoft co-founder relaunches tech patent suit

Microsoft co-founder relaunches tech patent suit

Microsoft Corp co-founder Paul Allen relaunched a wide-ranging patent lawsuit against Apple Inc, Google Inc, Facebook and others with specific allegations that the companies are illegally using technology owned by his firm.
Published 30 Dec, 2010 12:00am
Russia sets new oil products export duty formula

Russia sets new oil products export duty formula

Russia's government has approved a new formula for oil products export duties, confirming earlier reports that it would cut duty on light products and increase it on heavy oil, a document on its Website showed on Wednesday.
Published 30 Dec, 2010 12:00am
Foreign investment in South Korea jumps to 10-year high

Foreign investment in South Korea jumps to 10-year high

Foreign direct investment in South Korea rose to a 10-year high this year, boosted by the country's fast economic recovery and confidence about growth prospects, a government report showed Wednesday. Investment pledged by foreigners this year reached 12.9
Published 30 Dec, 2010 12:00am
Indian police investigate Citibank staff

Indian police investigate Citibank staff

Indian police said Wednesday they were investigating Citibank staff in Gurgaon, a booming satellite city outside New Delhi, over a multi-million-dollar scam targeting wealthy clients. Employees at the bank in Gurgaon, where many international companies ar
Published 30 Dec, 2010 12:00am
Four 32-page COLORMAN autoprint presses for DUO

Four 32-page COLORMAN autoprint presses for DUO

Druckhaus Ulm-Oberschwaben (DUO) has invested in two COLORMAN autoprint presslines for its printing centers in UIm and Weingarten, Germany, each consisting of two presses. DUO is pushing the envelope as far as delivery time is concerned: ordered in August
Published 30 Dec, 2010 12:00am
Fuel consumption falls in Iran after subsidy cut

Fuel consumption falls in Iran after subsidy cut

Iranians are consuming 20 percent less fuel since the government began slashing energy and food subsidies earlier this month, a senior government official said Wednesday, claiming an early sign of success in the controversial program.
Published 30 Dec, 2010 12:00am
Eurozone lending to firms improves, mortgages slow

Eurozone lending to firms improves, mortgages slow

The long-running year-on-year decline in lending to eurozone firms nearly ground to a halt in November, bolstering hopes that a rise in credit will aid the region's economic recovery. European Central Bank figures published on Wednesday showed company loa
Published 30 Dec, 2010 12:00am
Spain launches sale of air traffic control in 13 airports

Spain launches sale of air traffic control in 13 airports

Spain's government on Wednesday formally launched the privatisation of air traffic control in 13 airports, just weeks after clamping down on a wildcat strike by controllers. The privatisation of traffic control for the "first 13 airports" was announced in
Published 30 Dec, 2010 12:00am
China's rare earths export cut raises trade concerns

China's rare earths export cut raises trade concerns

China has raised fresh international trade concerns after slashing export quotas on rare earths minerals, risking action from the United States at the World Trade organisation. China, which produces about 97 percent of the global supply of rare earth mine
Published 30 Dec, 2010 12:00am
FTSE ends lower, dragged by banks, defensives

FTSE ends lower, dragged by banks, defensives

Defensive stocks and banks pulled Britain's top shares slightly lower by close of trade on Wednesday, offsetting gains from miners and energy stocks pushed higher by buoyant commodity prices. The FTSE 100 ended down 12.56 points, or 0.2 percent, at 5,996.
Published 30 Dec, 2010 12:00am
European shares soar

European shares soar

European shares ended higher on Wednesday, extending a year-end rally and putting equities on track to post their biggest monthly gain in 17 months, though trading volumes remained low. The pan-European FTSEurofirst 300 index of top shares closed 0.2 perc
Published 30 Dec, 2010 12:00am
Taiwan stocks flat

Taiwan stocks flat

Taiwan stocks were flat on Wednesday as a stronger local dollar hurt big technology exporters, while investors bought financial shares on expectations of an interest rate hike on Thursday. Taiwan's main TAIEX share index closed down 0.05 percent, or 4.41
Published 30 Dec, 2010 12:00am
Hong Kong, Shanghai stocks rebound

Hong Kong, Shanghai stocks rebound

Stocks in Hong Kong and Shanghai rebounded in thin trade on Wednesday as investors snapped up financial and property plays after the recent sell off, while China automakers ended up despite an end to tax incentives for small cars. Ending three consecutive
Published 30 Dec, 2010 12:00am
Indian shares rise

Indian shares rise

Indian shares rose 1.2 percent on Wednesday, a day ahead of the expiry of monthly derivative contracts, buoyed by firm global markets, but volumes were slack as the year-end holiday season saw most investors staying light. Hindustan Unilever Ltd jumped 3.
Published 30 Dec, 2010 12:00am
Treasuries fall broadly

Treasuries fall broadly

US Treasuries prices fell broadly on Tuesday and some maturities were on track for their worst monthly performance in years after an auction of 5-year notes drew dismal demand. Sellers drove yields up to levels that may spark stronger interest in the sale
Published 30 Dec, 2010 12:00am
Treasuries fall broadly

Treasuries fall broadly

US Treasuries prices fell broadly on Tuesday and some maturities were on track for their worst monthly performance in years after an auction of 5-year notes drew dismal demand. Sellers drove yields up to levels that may spark stronger interest in the sale
Published 30 Dec, 2010 12:00am
S&P, Dow rise

S&P, Dow rise

The Dow and S&P 500 rose in light trading on Tuesday, extending December's rally, as cold weather in the Northeast lifted oil prices and energy shares. A blizzard increased demand for heating oil, pushing US crude prices above $91 a barrel and lifting the
Published 30 Dec, 2010 12:00am
Wednesday's midday trade: S&P 500 eyes best December since 1991

Wednesday's midday trade: S&P 500 eyes best December since 1991

US stocks advanced in a thinly traded session on Wednesday with the S&P 500 eyeing its best December in nearly two decades as investors remained optimistic about the prospects for equities next year. The S&P 500 has gained 6.7 percent so far this month an
Published 30 Dec, 2010 12:00am
Nikkei average gains

Nikkei average gains

Japan's Nikkei average advanced 0.5 percent on Wednesday as investors bought on dips amid hopes that Tokyo stocks will stay bullish entering 2011, though a stronger yen limited strong follow-through buying. Stocks started lower due to the firmer yen, but
Published 30 Dec, 2010 12:00am
Seoul shares higher

Seoul shares higher

Seoul shares ended higher on Wednesday, supported by gains in brokerages and retail plays, while telecom issues such as SK Telecom Co Ltd declined. The Korea Composite Stock Price Index finished up 0.5 percent or 10.2 points at 2,043.5. The KOSPI 200 Marc
Published 30 Dec, 2010 12:00am
Middle East markets: Egypt bourse climbs

Middle East markets: Egypt bourse climbs

Egypt's bourse climbed to a new seven-month high on Wednesday on optimism following upbeat government forecasts for the economy, while news of progress on Nahkeel's debt restructuring lifted Dubai stocks. Egypt's announcement of an off-budget economic sti
Published 30 Dec, 2010 12:00am
Brazil's primary budget surplus slumps

Brazil's primary budget surplus slumps

Brazil's primary budget surplus fell sharply in November from a year earlier, but topped economists' forecasts, data showed on Wednesday. The consolidated primary surplus slumped to 4.2 billion reais ($2.5 billion) from 12.3 billion reais a year earlier,
Published 30 Dec, 2010 12:00am
South Korea to cut forex derivatives limits in January

South Korea to cut forex derivatives limits in January

South Korea plans to cut limits on banks' foreign exchange derivatives positions, a regulator source said on Wednesday, following the announcement early this month of a plan to introduce new capital control measures. The ceiling will be lowered to 40 perc
Published 30 Dec, 2010 12:00am
New California AG could sue banks on foreclosures

New California AG could sue banks on foreclosures

Kamala Harris takes over as California's attorney general next week with dodgy bank foreclosure practices in her sights and lawsuits against major banks in her realm of possibilities. For the up-and-coming Democratic star - the state's first woman, South
Published 30 Dec, 2010 12:00am
Philippines rates unchanged, inflation forecasts raised

Philippines rates unchanged, inflation forecasts raised

The Philippine central bank left its key policy rate unchanged on Wednesday, as widely forecast, but expectations of a rate rise in the first half of 2011 firmed as it raised inflation forecasts for coming years. There were inflationary pressures from glo
Published 30 Dec, 2010 12:00am
Italy launches 12 billion euro bond issue at higher rates

Italy launches 12 billion euro bond issue at higher rates

Italy on Wednesday raised 12 billion euros (15.7 billion dollars) in a treasury bond auction that drew strong demand but at interest rates sharply higher than at a previous operation. Italy, with a public debt approaching 120 percent of gross domestic pro
Published 30 Dec, 2010 12:00am
Italy launches 12 billion euro bond issue at higher rates

Italy launches 12 billion euro bond issue at higher rates

Italy on Wednesday raised 12 billion euros (15.7 billion dollars) in a treasury bond auction that drew strong demand but at interest rates sharply higher than at a previous operation. Italy, with a public debt approaching 120 percent of gross domestic pro
Published 30 Dec, 2010 12:00am
Swedish trade balance swells in November

Swedish trade balance swells in November

Sweden posted a 10-billion-kronor (1.1-billion-euro, 1.4-billion-dollar) trade surplus in November, up from a 2.1-billion-kronor surplus in November 2009, data released Wednesday by Statistics Sweden showed. On a year-to-year basis, exports in November sw
Published 30 Dec, 2010 12:00am
Grams prices move both ways on grain market

Grams prices move both ways on grain market

Grams prices were mixed on the wholesales grain market on Wednesday in process modest trading, dealers said. On the cereal side gur low type gained Rs 100 to Rs 6600 while the better type maintained its overnight level at Rs 7000, wheat old Bardan shed Rs
Published 30 Dec, 2010 12:00am
Prices stable on cotton market

Prices stable on cotton market

Prices were stable on the cotton market on Wednesday in process of modest trading, dealers said. The Karachi Cotton Association (KCA) spot rate was unchanged at Rs 9000, they said. Seed cotton prices in Sindh and Punjab followed the same pattern and did n
Published 30 Dec, 2010 12:00am
Oil cake market rates

Oil cake market rates

Contracts were mixed on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The January vaida that had closed with sharp losses at Rs 1300.00 opened with a loss of 50 paisa at Rs 1250.00. The March vaida which ended at
Published 30 Dec, 2010 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 114,188 tonnes of cargo including 82,901 tonnes of import cargo, 31,287 tonnes of export cargo, 4,876 loaded and empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 82,901 tonnes compr
Published 30 Dec, 2010 12:00am
US corn, soya futures slip from over two-year highs

US corn, soya futures slip from over two-year highs

US corn and soyabean futures slipped on Wednesday, easing from more-than-two-year highs scaled in the previous session, but supply worries triggered by dry weather in Argentina continued to support prices. "There is some light profit-taking in the market
Published 30 Dec, 2010 12:00am
US analyst lowers Argentina's soyabean crop forecast

US analyst lowers Argentina's soyabean crop forecast

Private US crop analyst Michael Cordonnier said on Tuesday he lowered his forecast of Argentina's 2010/11 soyabean production for a second straight week, to 48 million tonnes. His previous weekly estimate was for 49 million tonnes. Cordonnier, president o
Published 30 Dec, 2010 12:00am
US Midwest corn, soyabeans bids steady to weak

US Midwest corn, soyabeans bids steady to weak

Spot basis bids for corn and soyabeans were mostly steady to lower at US Midwest processors, elevators and river terminals on Tuesday as futures climbed and farmers sold portions of both crops, grain merchants said. Sales volume was lower on Tuesday than
Published 30 Dec, 2010 12:00am
Vietnam's coffee harvest nears end, sales to rise in January

Vietnam's coffee harvest nears end, sales to rise in January

Vietnam's coffee harvest is expected to end by early January, and while the government forecast a smaller crop, prices could soften as farmers start sales before the Lunar New Year, traders said on Tuesday. Output of the current 2010/2011 harvest could fa
Published 30 Dec, 2010 12:00am
Indonesia sees higher sugar, rice output in 2011

Indonesia sees higher sugar, rice output in 2011

Indonesia expects production of white sugar to increase by nearly 70 and rice by a more modest 4.3 percent next year on the back of improving yields and expanded acreage, the agriculture minister said on Wednesday. Prolonged wet weather this year reduced
Published 30 Dec, 2010 12:00am
Message from President, Islamic Republic of Pakistan

Message from President, Islamic Republic of Pakistan

I wish to congratulate Consumers Association of Pakistan (CAP) for organising Consumer Choice Award 2010 to honour quality goods and service providers. CAP has played commendable role to protect consumers by creating awareness about consumer's rights and
Published 30 Dec, 2010 12:00am
Message from Prime Minister, Islamic Republic of Pakistan

Message from Prime Minister, Islamic Republic of Pakistan

It is a matter of satisfaction that the Consumers Association of Pakistan (CAP) has established a representative forum to protect the rights of consumers and promote a healthy consumer culture in the country. The establishment of this forum is important i
Published 30 Dec, 2010 12:00am
Message from Chief Minister Punjab

Message from Chief Minister Punjab

It gives me immense pleasure to extend greetings to all participants of the ceremony being held for the Consumers Choice Award on December 30, 2010. The Consumers Choice Award is a commendable initiative to recognise the skill and talent of the very best
Published 30 Dec, 2010 12:00am
Message from Chief Minister, Sindh

Message from Chief Minister, Sindh

It is my pleasure to learn that Consumers Association of Pakistan has set up a mission to develop sustainable consumer culture in Pakistan and Consumers Choice Award is a link in it which will assist the quality conscious consumers. Through the souvenir o
Published 30 Dec, 2010 12:00am
Message from Governor Sindh

Message from Governor Sindh

I feel immense pleasure to write down these lines for Consumers Association of Pakistan for organising Consumers Choice Award Ceremony for six consecutive years, the tremendous role which Consumers Association of Pakistan has been playing to bring Pakista
Published 30 Dec, 2010 12:00am
Message from Minister for Industries & Commerce, Government of Sindh

Message from Minister for Industries & Commerce, Government of Sindh

In this modern era consumers must be respected and taken care of and industries design their products and give due weightage to consumers feedback. These aspects are observed as the essence of Consumers Choice Award. The beauty of this award is that the a
Published 30 Dec, 2010 12:00am
Message from Chairman Consumers Association of Pakistan

Message from Chairman Consumers Association of Pakistan

It gives me un-definable pleasure that Consumers Association of Pakistan is holding its 6th Consumers Choice Award, 2010. The confidence reposed by the Pakistani Consumers in Consumers Association of Pakistan resulted into making this event a great succes
Published 30 Dec, 2010 12:00am
Message from General Secretary Consumers Association of Pakistan

Message from General Secretary Consumers Association of Pakistan

On the auspicious occasion of Consumers Choice Award 2010, I, on behalf of Consumers Association of Pakistan, must congratulate all award winners who chose to be quality conscious and care for Pakistani consumers. This award is dedicated for those who pro
Published 30 Dec, 2010 12:00am
Byco will be third largest in near future

Byco will be third largest in near future

BR Research conducted an interview with Kalim A Siddiqui, President Petroleum Marketing Business of Byco Pakistan. Siddiqui touched upon various topics ranging from Byco's tremendous performance to burning industry issues and the company's future plans. H
Published 30 Dec, 2010 12:00am
Byco Petroleum Pakistan Limited: Petroleum marketing business

Byco Petroleum Pakistan Limited: Petroleum marketing business

Byco Petroleum Pakistan Limited (BPPL) has entered the petroleum marketing sector with a renewed vision. With a blend of high quality human resource, newly-designed retail outlets and a fresh brand identity Byco Petroleum Marketing is an emerging leader i
Published 30 Dec, 2010 12:00am
Global brands marketing: Meiji: best milk powder

Global brands marketing: Meiji: best milk powder

Our company is a trusted name in world class brands of mother and child health-care products. The modern day Pakistani market is loaded with health-care products, food supplements, baby milk formulae, etc. This arouses neck to neck competition and also le
Published 30 Dec, 2010 12:00am
Call for ministry of consumers affairs

Call for ministry of consumers affairs

Consumers Association of Pakistan (CAP) always held views that "Knowledge is Power" and once consumers are empowered with "Knowledge" they can fight their way through. A "Consumer" is an individual who acquires goods and services and CAP always try to bri
Published 30 Dec, 2010 12:00am
Landi Renzo - the quest for eco-friendly fuel

Landi Renzo - the quest for eco-friendly fuel

Landi Renzo is a world-leading eco-friendly Italian manufacturer of LPG and CNG alternative automotive fuel systems, kits and components. Mr Renzo Landi and his better-half Mrs Giovannina Domenichini took the initiative and became the sole manufacturer of
Published 30 Dec, 2010 12:00am
Sensodyne: the most preferred choice of the dentist

Sensodyne: the most preferred choice of the dentist

Sensodyne, the dentists' most preferred choice of toothpaste for sensitivity, has now become a popular consumer choice brand too and has thus won the Consumer Choice Award 2010.
Published 30 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 30 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 30 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 Wednesday (December 29, 2010).

Published 30 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 Wednesday (December 29, 2010).

Published 30 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 Wednesday (December 29, 2010).

Published 30 Dec, 2010 12:00am
Sir Pervez to raise stakes to 51 percent in UBL

Sir Pervez to raise stakes to 51 percent in UBL

Sir Mohammad Anwar Pervez, OBE, is to acquire an additional 20 percent shares in United Bank Limited, thereby raising Bestway (Holding) Limited stakes to 51 percent in the bank. At present, the management consortium comprising Bestway (Holding) UK and Abu
Published 30 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 Wednesday (December 29, 2010).

Published 30 Dec, 2010 12:00am
Sir Pervez to raise stakes to 51 percent in UBL

Sir Pervez to raise stakes to 51 percent in UBL

Sir Mohammad Anwar Pervez, OBE, is to acquire an additional 20 percent shares in United Bank Limited, thereby raising Bestway (Holding) Limited stakes to 51 percent in the bank. At present, the management consortium comprising Bestway (Holding) UK and Abu
Published 30 Dec, 2010 12:00am
Sir Pervez to raise stakes to 51 percent in UBL

Sir Pervez to raise stakes to 51 percent in UBL

Sir Mohammad Anwar Pervez, OBE, is to acquire an additional 20 percent shares in United Bank Limited, thereby raising Bestway (Holding) Limited stakes to 51 percent in the bank. At present, the management consortium comprising Bestway (Holding) UK and Abu
Published 30 Dec, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (December 29, 2010).
Published 30 Dec, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (December 29, 2010).

Published 30 Dec, 2010 12:00am
Malik, Rabbani meet Fazl separately

Malik, Rabbani meet Fazl separately

As part of government efforts to successfully persuade JUI-F to rejoin the ruling coalition at the Centre, Interior Minister Rehman Malik, Advisor to Prime Minister Mian Raza Rabbani Wednesday held separate meetings with JUI-F chief Maulana Fazl-ur-Rehman
Published 30 Dec, 2010 12:00am
Malik, Rabbani meet Fazl separately

Malik, Rabbani meet Fazl separately

As part of government efforts to successfully persuade JUI-F to rejoin the ruling coalition at the Centre, Interior Minister Rehman Malik, Advisor to Prime Minister Mian Raza Rabbani Wednesday held separate meetings with JUI-F chief Maulana Fazl-ur-Rehman
Published 30 Dec, 2010 12:00am
Iran refuses India oil sales on Delhi's terms

Iran refuses India oil sales on Delhi's terms

National Iranian Oil Co (NIOC) has refused to accept payments for oil supplies to India without the Reserve Bank of India's (RBI) guarantee, sources with direct knowledge of the matter told Reuters on Wednesday. The central bank has said deals with Iran m
Published 30 Dec, 2010 12:00am
Shinhan executives indicted

Shinhan executives indicted

Prosecutors said Wednesday they have charged a former and an incumbent executive of South Korea's third largest banking group with embezzlement. They said Shin Sang-Hoon, former chief executive officer of the Shinhan Financial Group, was charged with embe
Published 30 Dec, 2010 12:00am
Rs 21.1 billion for Railways approved by Cabinet

Rs 21.1 billion for Railways approved by Cabinet

The Cabinet on Wednesday approved Rs 21.1 billion for Pakistan Railways to enable it to run its affairs, and the Prime Minister directed that a plan for restructuring of Pakistan Railways, Pakistan Steel Mills, and Pepco should be presented in the next Ca
Published 30 Dec, 2010 12:00am
Rs 21.1 billion for Railways approved by Cabinet

Rs 21.1 billion for Railways approved by Cabinet

The Cabinet on Wednesday approved Rs 21.1 billion for Pakistan Railways to enable it to run its affairs, and the Prime Minister directed that a plan for restructuring of Pakistan Railways, Pakistan Steel Mills, and Pepco should be presented in the next Ca
Published 30 Dec, 2010 12:00am
Rs 21.1 billion for Railways approved by Cabinet

Rs 21.1 billion for Railways approved by Cabinet

The Cabinet on Wednesday approved Rs 21.1 billion for Pakistan Railways to enable it to run its affairs, and the Prime Minister directed that a plan for restructuring of Pakistan Railways, Pakistan Steel Mills, and Pepco should be presented in the next Ca
Published 30 Dec, 2010 12:00am
Hyperinflation fears grow

Hyperinflation fears grow

A leading economist fears that if the government fails to implement the Reformed General Sales Tax (RGST) and levy agriculture income tax, hyperinflation would grip the country and the authorities would be left with no option but to print currency notes i
Published 30 Dec, 2010 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (December 29, 2010).

Published 30 Dec, 2010 12:00am
Hyperinflation fears grow

Hyperinflation fears grow

A leading economist fears that if the government fails to implement the Reformed General Sales Tax (RGST) and levy agriculture income tax, hyperinflation would grip the country and the authorities would be left with no option but to print currency notes i
Published 30 Dec, 2010 12:00am
Hyperinflation fears grow

Hyperinflation fears grow

A leading economist fears that if the government fails to implement the Reformed General Sales Tax (RGST) and levy agriculture income tax, hyperinflation would grip the country and the authorities would be left with no option but to print currency notes i
Published 30 Dec, 2010 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (December 29, 2010).

Published 30 Dec, 2010 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (December 29, 2010).

Published 30 Dec, 2010 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (December 29, 2010).

Published 30 Dec, 2010 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (December 29, 2010).

Published 30 Dec, 2010 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (December 29, 2010).

Published 30 Dec, 2010 12:00am
Nepra slashes power tariffs of KESC, discos

Nepra slashes power tariffs of KESC, discos

The National Electric Power Regulatory Authority (Nepra) on Wednesday slashed tariff of power distribution companies (discos by Rs 1.08 per unit) and Karachi Electric Supply Company (KESC) by 46 paisa per unit under the monthly fuel price adjustment mecha
Published 30 Dec, 2010 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (December 29, 2010).

Published 30 Dec, 2010 12:00am
Nepra slashes power tariffs of KESC, discos

Nepra slashes power tariffs of KESC, discos

The National Electric Power Regulatory Authority (Nepra) on Wednesday slashed tariff of power distribution companies (discos by Rs 1.08 per unit) and Karachi Electric Supply Company (KESC) by 46 paisa per unit under the monthly fuel price adjustment mecha
Published 30 Dec, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (December 29, 2010).

Published 30 Dec, 2010 12:00am
Nepra slashes power tariffs of KESC, discos

Nepra slashes power tariffs of KESC, discos

The National Electric Power Regulatory Authority (Nepra) on Wednesday slashed tariff of power distribution companies (discos by Rs 1.08 per unit) and Karachi Electric Supply Company (KESC) by 46 paisa per unit under the monthly fuel price adjustment mecha
Published 30 Dec, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (December 29, 2010).

Published 30 Dec, 2010 12:00am
Rs 99 billion bids accepted at treasury bill auction

Rs 99 billion bids accepted at treasury bill auction

A shut-off from the State Bank of Pakistan not to lend to the Federal government for budgetary support resulted in throwing overboard its Treasury Bills target of Rs 15 billion, and scurrying to raise a whopping Rs 95 billion from the banks. On Wednesday,
Published 30 Dec, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Wednesday (December 29, 2010).

Published 30 Dec, 2010 12:00am
Rs 99 billion bids accepted at treasury bill auction

Rs 99 billion bids accepted at treasury bill auction

A shut-off from the State Bank of Pakistan not to lend to the Federal government for budgetary support resulted in throwing overboard its Treasury Bills target of Rs 15 billion, and scurrying to raise a whopping Rs 95 billion from the banks. On Wednesday,
Published 30 Dec, 2010 12:00am
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