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Archive - 2011-01-14
Obama to welcome President Zardari
Top News

Obama to welcome President Zardari

WASHINGTON: US President Barack Obama will on Friday welcome President Asif Ali Zardari to the White House for talks on
Published 14 Jan, 2011 09:19am
Déjà vu
BR Research

Déjà vu

As a consequence, the governments note printing machines have been well-oiled and are probably going to start working in double shifts soon.
Published 14 Jan, 2011 12:00am
T-bill investing in vogue
BR Research

T-bill investing in vogue

With the interest rate showing signs of heading north, investors fervently rushed for the 3-month papers in the Treasury Bills auction held
Published 14 Jan, 2011 12:00am
The Vice of do more
BR Research

The Vice of do more

Relations, or friendships, as politicians like to call them have remained edgy between Pakistan and the US for the last six months. High lev
Published 14 Jan, 2011 12:00am
Five miscreants arrested in search operation in Pehalwan Goth

Five miscreants arrested in search operation in Pehalwan Goth

The law enforcement agencies on Thursday detained some five miscreants in a search operation carried out in Pehalwan Goth to maintain peace in the volatile area of the metropolis. According to sources, the search operation was initiated after the target k
Published 14 Jan, 2011 12:00am
'My son was killed in fake encounter'

'My son was killed in fake encounter'

Family of the deceased Allah Baksh has claimed that the SHO Gulbahar along with his police team killed their son in fake encounter and demanded Chief Justice of Pakistan to take suo motu notice of the incident. They held a protest demonstration outside Ka
Published 14 Jan, 2011 12:00am
Government has no plan to amend blasphemy law: Malik

Government has no plan to amend blasphemy law: Malik

Interior Minister, Rehman Malik on Thursday reiterated that government has no intention to bring any amendment in blasphemy laws, owing to its sensitivity, the people should not play up the issue after the government categorical stance on the subject.
Published 14 Jan, 2011 12:00am
Scope of EOBI scheme expanded

Scope of EOBI scheme expanded

Employees Old Age Benefit Institution (EOBI) Chairman Zafar Iqbal on Thursday said that the government has extended the scope of EOBI scheme to all workers of the country and now self-employed, employees of small shops, houses, etc, can avail of benefit o
Published 14 Jan, 2011 12:00am
Oil refineries operating at 50 percent installed capacity: Kalim

Oil refineries operating at 50 percent installed capacity: Kalim

All oil refineries in the country are operating on 50 percent installed capacity owing to paucity of funds, President Petroleum Marketing Business of Byco Petroleum Limited, Kalim A Siddiqui informed business community on Thursday. Speaking at first meeti
Published 14 Jan, 2011 12:00am
Prime Minister urges PIA to upgrade its services

Prime Minister urges PIA to upgrade its services

Prime Minister, Syed Yousuf Raza Gilani on Thursday asked the management of Pakistan International Airlines (PIA) to improve its services and strictly observe punctuality in its flight operations. Chairing a meeting here to discuss the matters of the airl
Published 14 Jan, 2011 12:00am
Iran's nuclear sites tour proposal flounders

Iran's nuclear sites tour proposal flounders

Iran's proposal for a tour of its nuclear sites floundered on Thursday after China effectively rejected the invitation and Russia cautioned such a trip could never replace UN inspections or talks between Tehran and world powers. The European Union has tur
Published 14 Jan, 2011 12:00am
Galileo satnav system called 'stupid idea': US cable

Galileo satnav system called 'stupid idea': US cable

The head of a German firm working on Europe's Galileo satellite navigation system called it a "stupid idea" being pushed by France for military reasons, a leaked US diplomatic cable showed Thursday. According to an October 2009 cable from the US embassy i
Published 14 Jan, 2011 12:00am
India angry by Chinese visas

India angry by Chinese visas

China has angered India by issuing unorthodox visas to two Indians from a border state claimed by Beijing, the latest flare-up of a territorial dispute festering between the Asian giants. India's foreign ministry said on Thursday it had seen reports that
Published 14 Jan, 2011 12:00am
NASA says it can't afford new rocket, spacecraft

NASA says it can't afford new rocket, spacecraft

NASA this week told Congress it cannot afford to build a new heavy-lift rocket and spacecraft to replace the retiring space shuttle program within the current budget approved by Congress. Lawmakers from the Senate Committee on Commerce, Science and Transp
Published 14 Jan, 2011 12:00am
Clinton urges Arab reform to foil extremism

Clinton urges Arab reform to foil extremism

US Secretary of State Hillary Clinton on Thursday urged Arab leaders to work with their peoples to implement reforms or see extremists fill the void, warning the region's "foundations are sinking." The chief US diplomat told her Arab counterparts the regi
Published 14 Jan, 2011 12:00am
Flooded Australia city 'like war zone'

Flooded Australia city 'like war zone'

Floods left parts of Australia's third-biggest city on Thursday looking like a war zone in need of years of reconstruction, the state premier said, while fresh threats loomed with a cyclone forecast offshore. The floods across the state of Queensland have
Published 14 Jan, 2011 12:00am
Freedom in decline worldwide: US report

Freedom in decline worldwide: US report

Global freedom declined for a fifth straight year in 2010 as authoritarian regimes dug in worldwide and crime and unrest plagued democracies like Mexico, a US watchdog said Thursday. In "Freedom in the World 2011" the Washington-based Freedom House said i
Published 14 Jan, 2011 12:00am
Nearly 400 dead in Brazil's worst disaster in decades

Nearly 400 dead in Brazil's worst disaster in decades

Brazil Thursday was grappling with its worst natural disaster in more than four decades, a calamitous collapse of rain-soaked hillsides near Rio that killed nearly 400 people. President Dilma Rousseff was to speak of the tragedy after briefly visiting the
Published 14 Jan, 2011 12:00am
Biden, Maliki focus on economic ties

Biden, Maliki focus on economic ties

US Vice President Joe Biden had talks with Iraqi Prime Minister Nuri al-Maliki on Thursday focusing on long-term economic ties and Iraqi officials said the idea of delaying a US military pullout did not come up. Biden was on his first visit to Iraq since
Published 14 Jan, 2011 12:00am
Italy's top court rules Berlusconi can face trial

Italy's top court rules Berlusconi can face trial

Italy's constitutional court ruled on Thursday that a law which has protected Prime Minister Silvio Berlusconi from prosecution for corruption and fraud was partially invalid and judges could order him to stand trial. The court ruled in a statement that t
Published 14 Jan, 2011 12:00am
Gates drops hard line on unpopular US Okinawa base

Gates drops hard line on unpopular US Okinawa base

US Defence Secretary Robert Gates asked Thursday for Japan's help in heading off a crisis with North Korea, while easing pressure on its Asian ally over the huge American military bases on its territory. South Korea would be within its rights to retaliate
Published 14 Jan, 2011 12:00am
Obama approval rating rebounds: poll

Obama approval rating rebounds: poll

US President Barack Obama's approval rating has enjoyed a bump up in recent weeks, while Americans see his health care overhaul as both the best and worst thing about his presidency, a new poll released Thursday found. "Halfway through his first term, Pre
Published 14 Jan, 2011 12:00am
Floods force a million Sri Lankans from homes

Floods force a million Sri Lankans from homes

Flooding in Sri Lanka has forced more than one million people out of their homes, the government said Thursday as it began distributing emergency food, clothing and bedding. At least 23 people have died during a week of monsoon floods, with the centre and
Published 14 Jan, 2011 12:00am
Court rules against Russia in Yukos case

Court rules against Russia in Yukos case

A Stockholm arbitration court ruled in favour of a Yukos shareholder over its lost investment in jailed Mikhail Khodorkovsky's oil company after the Russian government's tax fraud probe, Russian newspaper Vedomosti reported Thursday. Assets of the now def
Published 14 Jan, 2011 12:00am
Jordan dump Saudi Arabia out of Asia Cup

Jordan dump Saudi Arabia out of Asia Cup

Three-times champions Saudi Arabia were dumped out of the Asian Cup on Thursday after an error from goalkeeper Waleed Abdullah gifted Jordan a surprise 1-0 victory. It was another disappointing display by the Saudis, who showed no improvement under coach
Published 14 Jan, 2011 12:00am
Qatar fined for media blank

Qatar fined for media blank

The Qatar Football Association has been fined $2,000 for failing to send a player to a pre-match news conference, Asian Cup organisers said on Thursday. Each team must send the coach and a starting player to the media conference before every match, the As
Published 14 Jan, 2011 12:00am
Khurram, Naseer named FIFA referees for 2011

Khurram, Naseer named FIFA referees for 2011

Khurram Shahzad and Rana Naseer Ahmed have earned the honour of becoming FIFA Referee for the year 2011. Khurram is the new entrant in the international refereeing list after occupying National Referees badge from 2006-10. He supervised the tense Karachi
Published 14 Jan, 2011 12:00am
Ipswich stun Arsenal

Ipswich stun Arsenal

Ipswich Town, thrashed 7-0 in the FA Cup by Chelsea three days ago, produced a memorable display to shock Arsenal 1-0 in the first leg of their League Cup semi-final at Portman Road on Wednesday. Their performance might not have matched their FA Cup upset
Published 14 Jan, 2011 12:00am
Clijsters, Li Na in final

Clijsters, Li Na in final

Kim Clijsters came through a major test of her early season form to reach the Sydney International final with a 4-6 6-3 7-6 victory over Alisa Kleybanova on Thursday. The 27-year-old Belgian is favourite for the Australian Open but required all of her exp
Published 14 Jan, 2011 12:00am
Blackpool beat Liverpool to complete shock league double

Blackpool beat Liverpool to complete shock league double

New manager Kenny Dalglish was again unable to deliver the Midas touch as Blackpool beat Liverpool 2-1 at Bloomfield Road on Wednesday to complete a remarkable Premier League double over the 18-times champions. The victory lifted Blackpool to ninth with 2
Published 14 Jan, 2011 12:00am
London honour for Ashes hero Cook

London honour for Ashes hero Cook

Alastair Cook received yet another honour for his starring role in England's Ashes victory away to Australia when he was awarded the Freedom of the City of London on Thursday. The 26-year-old opening batsman scored a colossal 766 runs in England's 3-1 tri
Published 14 Jan, 2011 12:00am
Stars to help Australia's flood victims

Stars to help Australia's flood victims

Roger Federer and Rafael Nadal are among the big names in tennis to take part in a special exhibition on the eve of the Australian Open to raise money for the victims of Australia's flood disaster. All-time Grand Slam champion Federer, world number one Na
Published 14 Jan, 2011 12:00am
IOC suspends Ghana over 'political interference'

IOC suspends Ghana over 'political interference'

The International Olympic Committee on Thursday suspended Ghana because of political interference, a move that could put at risk the African country's participation at the 2012 London Games. IOC president Jacques Rogge said the executive board expelled Gh
Published 14 Jan, 2011 12:00am
SPM Stags, Nestle win in SPM Cricket League

SPM Stags, Nestle win in SPM Cricket League

SPM Stags and Nestle Victorious on Thursday earned victories in 4th SPM Cricket League. In Professional Group, SPM Stags beat EFU by 64 runs and qualifies for the quarter-final here at Model Town Greens ground. SPM Stags scored 176 for all out after batti
Published 14 Jan, 2011 12:00am
Batsmen given simple message for second Test: Wright

Batsmen given simple message for second Test: Wright

New Zealand's top six batsmen have been given a short, sharp reminder as to what is expected from them when they face Pakistan in the second test that starts in Wellington on Sunday. "Bat time," coach John Wright told reporters when asked what he had told
Published 14 Jan, 2011 12:00am
Chief minister Punjab Sports Cup third phase starts

Chief minister Punjab Sports Cup third phase starts

Chief Minister Punjab Sports Cup third phase, Inter Divisional Competitions started at Punjab Stadium here on Thursday. Provincial Minister for Culture, Youth Affairs and Sports Dr Tanvir-ul-Islam inaugurated the sports events in a colourful ceremony.
Published 14 Jan, 2011 12:00am
National Cup ODI event starts

National Cup ODI event starts

The National Cup One-day Cricket tournament will get underway from Friday (today) at different cricket centres of the country. The Quaid-e-Azam Trophy Division-II tournament teams are participating in this tournament, a spokesman of Pakistan Cricket Board
Published 14 Jan, 2011 12:00am
Barcelona beat Betis 5-0 in King's Cup quarters

Barcelona beat Betis 5-0 in King's Cup quarters

Lionel Messi celebrated a second successive World Player of the Year award with a hat-trick as Barcelona thrashed second division Real Betis 5-0 in a King's Cup quarter-final first leg on Wednesday. Earlier, two goals from Alvaro Negredo and a late strike
Published 14 Jan, 2011 12:00am
Euro Libor, Euribor rates up

Euro Libor, Euribor rates up

Euro interbank rates rose on Thursday but were well within recent ranges ahead of January's ECB news conference, with markets expecting current arrangements to support the banking sector to be left unchanged. As expected, the European Central Bank kept ra
Published 14 Jan, 2011 12:00am
Yuan at record high

Yuan at record high

China's central bank set the yuan's mid-point above 6.60 per dollar for the first time on Thursday, breaching an important barrier just days before Chinese President Hu Jintao travels to Washington. The yuan's rise in the last few days, on the back of suc
Published 14 Jan, 2011 12:00am
Won, baht lead gainers

Won, baht lead gainers

The Korean won and the Thai baht led gainers in Asia on Thursday with the help of this week's interest rate increases. Central banks in Bangkok and Seoul raised policy rates by a quarter point. Thai rate rise had been widely anticipated, but Bank of Korea
Published 14 Jan, 2011 12:00am
Indian rupee retreats

Indian rupee retreats

The Indian rupee retreated from one-and-half week highs on Thursday as sharp losses in local shares raised worries over sustained foreign fund outflows, while defence-related dollar demand also weighed. The partially convertible rupee closed at 45.24/25 p
Published 14 Jan, 2011 12:00am
Swiss franc plummets

Swiss franc plummets

The Swiss franc fell sharply against the euro on Thursday as traders cut short euro positions ahead of Spanish and Italian debt auctions after Portugal's successful debt auction on Wednesday buoyed the single currency. In volatile trading, the franc was a
Published 14 Jan, 2011 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. 71.04/71.05 (previous 71.00/71.00). Call Money Rates: 10.00-15.00 percent (previous 10.00-15.00 percent).
Published 14 Jan, 2011 12:00am
Euro rallies broadly

Euro rallies broadly

The euro rose against the dollar for a third straight day on Wednesday though gains were still seen as temporary after a Portuguese debt sale failed to stem fears over the funding prospects of peripheral eurozone countries. Rising risk appetite boosted th
Published 14 Jan, 2011 12:00am
Early trade in New York: Euro posts biggest rise against dollar

Early trade in New York: Euro posts biggest rise against dollar

The euro notched its biggest rise against the dollar in more than six months on Thursday following solid European debt auctions and after the head of the European Central Bank cited risks of short-term inflation pressures. The ECB president, Jean-Claude T
Published 14 Jan, 2011 12:00am
Euro climbs in London

Euro climbs in London

The euro climbed against the dollar on Thursday after a successful Spanish bond auction eased some of the concern over the debt problems plaguing the eurozone's most-indebted countries. The single currency also hit a one-month high against the Swiss franc
Published 14 Jan, 2011 12:00am
Euro slips in Asia

Euro slips in Asia

The euro slipped from one-week highs on Thursday after short-covering triggered by Portugal's successful debt auction the previous day ran its course and traders looked to debt sales by Spain and Italy. Portugal's fund raising in the bond market sent bear
Published 14 Jan, 2011 12:00am
Sterling falls versus euro

Sterling falls versus euro

Sterling fell sharply against a broadly firmer euro on Thursday but rose to a one-month high versus the dollar, helped by speculation UK interest rates may rise sooner than expected and on weaker US data. The Bank of England kept rates at a record low of
Published 14 Jan, 2011 12:00am
Australian recovers, New Zealand dollar steadies

Australian recovers, New Zealand dollar steadies

The Australian dollar slid then rebounded on Thursday after a surprisingly small rise in employment initially sparked a selloff before underlying strength in the numbers put a solid floor under the currency. A choppy session saw the Aussie drop almost hal
Published 14 Jan, 2011 12:00am
Tesco, tobacco stocks drag FTSE lower

Tesco, tobacco stocks drag FTSE lower

Britain's leading share index fell on Thursday, as a disappointing trading update from Tesco upset food retailers and tobacco stocks were hit by a broker's downgrade. At the close, the FTSE 100 was down 26.84 points, or 0.4 percent, at 6,023.88, after hit
Published 14 Jan, 2011 12:00am
European shares rebound

European shares rebound

European shares fell on Thursday from the previous session's 28-month highs on concern euro zone inflation pressures could spark a rise in interest rates, while miners were hit by a waning outlook for Chinese copper demand. The pan-European FTSEurofirst 3
Published 14 Jan, 2011 12:00am
Seoul shares fall

Seoul shares fall

Seoul shares ended lower on Thursday in see-saw trading, as options expired and the central bank unexpectedly lifted interest rates, although that was offset by a rise in financial packs. The Korea Composite Stock Price Index (KOSPI) ended down 0.26 perce
Published 14 Jan, 2011 12:00am
Southeast Asian markets climb

Southeast Asian markets climb

Southeast Asian stock markets climbed further on Thursday after a successful bond auction in Portugal eased fears about eurozone debt, for now at least, with financial shares standing out. High global oil prices boosted appetite for energy and commodities
Published 14 Jan, 2011 12:00am
Hong Kong, Shanghai shares rise

Hong Kong, Shanghai shares rise

Hong Kong shares rose on Thursday, extending their weekly gains to over 5 percent as broad buying of large caps, in particular laggard financials, by funds helped lift the market. Hong Kong's benchmark Hang Seng rose 0.5 percent, supported for a second da
Published 14 Jan, 2011 12:00am
Indian shares at seven-week low

Indian shares at seven-week low

Indian shares fell for the seventh day in eight sessions on Thursday, with disappointing results from software services bellwether Infosys Technologies adding to investor gloom over rising prices and the prospect of tighter monetary policy.
Published 14 Jan, 2011 12:00am
Treasuries decline

Treasuries decline

Supply and stock market gains weighed on US Treasuries prices on Wednesday as the 30-year bond saw more price cuts a day before a Treasury bond auction. A well-bid 10-year Treasury auction on Wednesday allowed Treasuries to erase the worst of the day's lo
Published 14 Jan, 2011 12:00am
Treasuries decline

Treasuries decline

Supply and stock market gains weighed on US Treasuries prices on Wednesday as the 30-year bond saw more price cuts a day before a Treasury bond auction. A well-bid 10-year Treasury auction on Wednesday allowed Treasuries to erase the worst of the day's lo
Published 14 Jan, 2011 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks eked out a modest gain on Thursday, closing up 0.12 percent as a rise in tourism shares offset a weak performance by property developers. Fund managers expected the main index to be range-bound between 8,700-9,000 points before the Lunar New
Published 14 Jan, 2011 12:00am
US stocks slightly up

US stocks slightly up

US stocks ended solidly higher on Wednesday after European debt fears eased and sparked a broad advance, led by banks and commodity-related shares. Investors expect further flows into equities on speculation the economy will strengthen. About seven stocks
Published 14 Jan, 2011 12:00am
Thursday's midday trade: markets barely changed

Thursday's midday trade: markets barely changed

US stocks barely budged on Thursday as investors looked past disappointing jobless claims while a jump in Marathon Oil's shares boosted the oil sector. Shares of Merck, however, weighed on the market after disappointing drug news pulled the Dow and S&P 50
Published 14 Jan, 2011 12:00am
Nikkei average rises to eight-month high

Nikkei average rises to eight-month high

The Nikkei average rose to its highest close in eight months on Thursday, buoyed by gains in undervalued financial shares and advances in European and US stocks after a successful bond auction in Portugal eased fears over the eurozone debt crisis. Financi
Published 14 Jan, 2011 12:00am
Middle East markets: profit hopes push Industries Qatar to 28-month high

Middle East markets: profit hopes push Industries Qatar to 28-month high

Bullish earnings and dividend expectations pushed Industries Qatar to a 28-month high on Thursday, helping Doha's Index reach a similar milestone. IQ rose 2 percent to 151.90 riyals, its highest finish since September 8, 2008. "We are bullish on the stock
Published 14 Jan, 2011 12:00am
China launches trial to allow overseas yuan investment

China launches trial to allow overseas yuan investment

China on Thursday launched a trial allowing Chinese firms to use yuan to invest abroad, a move seen as another step towards making the unit a global currency. Chinese companies now can use the yuan to finance new ventures, mergers and stake purchases over
Published 14 Jan, 2011 12:00am
Britain scraps forced retirement age at 65

Britain scraps forced retirement age at 65

Companies will no longer be able to force staff to retire at 65, Britain's government said on Thursday in a move to boost the number of older people staying on at work as the population ages. Governments across Europe have lifted retirement ages as part o
Published 14 Jan, 2011 12:00am
Greek transport workers strike against reform plan

Greek transport workers strike against reform plan

Greek urban transport ground to a halt on Thursday, as bus and metro drivers went on a 24-hour strike to protest against government plans for the restructuring of the country's loss-making state-run transport sector. Streamlining spendthrift public bus an
Published 14 Jan, 2011 12:00am
ECB ready to act on inflation if needed

ECB ready to act on inflation if needed

The eurozone faces short-term price pressures which could linger, the European Central Bank said on Thursday, showing it could raise interest rates to contain inflation even while the bloc is gripped by a debt crisis. ECB President Jean-Claude Trichet sai
Published 14 Jan, 2011 12:00am
ECB ready to act on inflation if needed

ECB ready to act on inflation if needed

The eurozone faces short-term price pressures which could linger, the European Central Bank said on Thursday, showing it could raise interest rates to contain inflation even while the bloc is gripped by a debt crisis. ECB President Jean-Claude Trichet sai
Published 14 Jan, 2011 12:00am
ECB ready to act on inflation if needed

ECB ready to act on inflation if needed

The eurozone faces short-term price pressures which could linger, the European Central Bank said on Thursday, showing it could raise interest rates to contain inflation even while the bloc is gripped by a debt crisis. ECB President Jean-Claude Trichet sai
Published 14 Jan, 2011 12:00am
Azerbaijan signs deal for long-term gas supplies to EU

Azerbaijan signs deal for long-term gas supplies to EU

Azerbaijan and European Commission chief Jose Manuel Barroso on Thursday signed an agreement which commits Baku to providing "substantial" long-term gas supplies to EU countries. "This is a major breakthrough," Barroso was quoted as saying in a statement
Published 14 Jan, 2011 12:00am
Japan's machinery orders fall

Japan's machinery orders fall

Japan's core machinery orders unexpectedly fell for a third month in November as companies delayed capital expenditure following an end to government subsidies, but economists say business spending will pick up this year as exports recover.
Published 14 Jan, 2011 12:00am
India's food inflation stays high

India's food inflation stays high

India's food inflation eased marginally from a one-year peak, but remained high enough to keep pressure on annual headline inflation in December and reinforce expectations of an interest rate rise this month. Policy makers have blamed unseasonal rains and
Published 14 Jan, 2011 12:00am
Regulators tighten rules on banks' hybrid capital

Regulators tighten rules on banks' hybrid capital

Global bank regulators on Thursday laid out rules to make clear holders of hybrid bank debt will take losses if a lender becomes insolvent, so that taxpayers aren't left to foot the bill. One of the biggest controversies of the financial crisis was how ho
Published 14 Jan, 2011 12:00am
US jobless claims jump, wholesale food costs surge

US jobless claims jump, wholesale food costs surge

US jobless claims jumped to their highest level since October last week while food and energy costs lifted producer prices in December, pointing to headwinds for an economy that has shown fresh vigour. However, a surge in exports to their highest level in
Published 14 Jan, 2011 12:00am
Bernanke sees US growing 3-4 percent in 2011

Bernanke sees US growing 3-4 percent in 2011

The US economy should grow around 3 percent to 4 percent this year, a healthier clip than 2010, but not enough to bring down unemployment as much as policymakers would like, Federal Reserve Chairman Ben Bernanke said on Thursday.
Published 14 Jan, 2011 12:00am
BoE keeps rates at record low

BoE keeps rates at record low

The Bank of England kept its key interest rate at a record low level of 0.5 percent on Thursday, judging that longer-term downward pressure on prices from a slowing recovery will ultimately quell a looming spike in inflation. British consumer price inflat
Published 14 Jan, 2011 12:00am
BoE keeps rates at record low

BoE keeps rates at record low

The Bank of England kept its key interest rate at a record low level of 0.5 percent on Thursday, judging that longer-term downward pressure on prices from a slowing recovery will ultimately quell a looming spike in inflation. British consumer price inflat
Published 14 Jan, 2011 12:00am
BoE keeps rates at record low

BoE keeps rates at record low

The Bank of England kept its key interest rate at a record low level of 0.5 percent on Thursday, judging that longer-term downward pressure on prices from a slowing recovery will ultimately quell a looming spike in inflation. British consumer price inflat
Published 14 Jan, 2011 12:00am
Piracy costs global economy $7-12 billion a year

Piracy costs global economy $7-12 billion a year

Maritime piracy costs the global economy between $7 and $12 billion a year, researchers said on Thursday, with Somali piracy in particular driving up the cost of shipping through the Indian Ocean. Sailing from Somalia's coasts in fragile skiffs armed with
Published 14 Jan, 2011 12:00am
Eurozone escalation fears ease after Spain auction

Eurozone escalation fears ease after Spain auction

Spain and Italy staged successful bond sales on Thursday, easing concerns about an escalation of eurozone debt strife and buying the bloc's leaders more time to come up with a new package of anti-crisis measures. European Central Bank President Jean-Claud
Published 14 Jan, 2011 12:00am
Opec only likely to act if oil rally lasts

Opec only likely to act if oil rally lasts

Opec will only hold an emergency meeting if oil climbs above $100 and stays there, although the group's Gulf members could informally add supply if needed, a delegate from a Gulf Opec member state said on Thursday. Brent crude this week hit a 27-month hig
Published 14 Jan, 2011 12:00am
US judge approves $7.2 billion Madoff settlement

US judge approves $7.2 billion Madoff settlement

A US judge approved a $7.2 billion settlement on Thursday to pay former customers of the Madoff firm, the largest yet in the world-wide search for money lost in Bernard Madoff's multibillion-dollar Ponzi scheme. US Bankruptcy Court Judge Burton Lifland in
Published 14 Jan, 2011 12:00am
Latif Khosa sworn in as Governor Punjab

Latif Khosa sworn in as Governor Punjab

Sardar Latif Khan Khosa took oath of Governor of Punjab at a ceremony held at Governor's House Lahore on Thursday. Chief Justice Lahore High Court Justice Ijaz Ahmed Chaudhry administered the oath to the new Punjab Governor. Punjab Chief Minister Shahbaz
Published 14 Jan, 2011 12:00am
Real Doha trade talks must start now: US

Real Doha trade talks must start now: US

Trading powers must get down to real negotiations right away if there is to be any hope of concluding the long-running Doha talks to open up global commerce this year, a top US negotiator said on Thursday. To reach a deal, said the US ambassador to the Wo
Published 14 Jan, 2011 12:00am
Latif Khosa sworn in as Governor Punjab

Latif Khosa sworn in as Governor Punjab

Sardar Latif Khan Khosa took oath of Governor of Punjab at a ceremony held at Governor's House Lahore on Thursday. Chief Justice Lahore High Court Justice Ijaz Ahmed Chaudhry administered the oath to the new Punjab Governor. Punjab Chief Minister Shahbaz
Published 14 Jan, 2011 12:00am
Starbucks inks pact to enter India, source beans

Starbucks inks pact to enter India, source beans

Starbucks Corp, the world's largest coffee chain, unveiled a tie-up on Thursday that could bring its iconic cafes to Asia's third-largest economy, where western-style coffee shops are increasingly popular. The Seattle-based chain signed a pact with India'
Published 14 Jan, 2011 12:00am
World Bank sees 2008 risks for global economy

World Bank sees 2008 risks for global economy

The World Bank warned Wednesday the global economy could return to the dark days of the 2008 crisis, with slowing growth and rising commodity prices. After the recession in 2009 and the 2010 rebound, the multilateral institution said, 2011 is expected to
Published 14 Jan, 2011 12:00am
TNT wraps up sale of Belgian, Italian mail units

TNT wraps up sale of Belgian, Italian mail units

Dutch post and express firm TNT has sold its Belgian mail and Italian unaddressed mail units to their management and Benelux private equity fund NPM Capital, as it focuses on three of its top postal markets. A TNT spokesman would not disclose the sale pri
Published 14 Jan, 2011 12:00am
World Bank sees 2008 risks for global economy

World Bank sees 2008 risks for global economy

The World Bank warned Wednesday the global economy could return to the dark days of the 2008 crisis, with slowing growth and rising commodity prices. After the recession in 2009 and the 2010 rebound, the multilateral institution said, 2011 is expected to
Published 14 Jan, 2011 12:00am
US, Germany, Britain, France merit Aaa: Moody's

US, Germany, Britain, France merit Aaa: Moody's

US, Germany, Britain and France still merit the top "Aaa" credit rating but must fight high debt levels to maintain this, Moody's Investor Service said on Thursday. Moody's, a leading credit rating agency, said that the four countries would be able to mee
Published 14 Jan, 2011 12:00am
World Bank sees 2008 risks for global economy

World Bank sees 2008 risks for global economy

The World Bank warned Wednesday the global economy could return to the dark days of the 2008 crisis, with slowing growth and rising commodity prices. After the recession in 2009 and the 2010 rebound, the multilateral institution said, 2011 is expected to
Published 14 Jan, 2011 12:00am
Slow business in tight cotton market

Slow business in tight cotton market

High advices from the cotton futures market in New York (ICE) over the past several sessions, dwindling stocks at home and the continuing imbroglio in the Indian cotton export policies and procedures have put firmness to domestic fibre prices over the pas
Published 14 Jan, 2011 12:00am
Government decides to declare 2010-11 as 'Export Year'

Government decides to declare 2010-11 as 'Export Year'

The government has decided to declare 2010-11 as "Export Year" after exports witnessed a 20 percent growth during the first six months despite the failure of the Finance Ministry to release funds committed in the Trade Policy, well-informed sources told <
Published 14 Jan, 2011 12:00am
Slow business in tight cotton market

Slow business in tight cotton market

High advices from the cotton futures market in New York (ICE) over the past several sessions, dwindling stocks at home and the continuing imbroglio in the Indian cotton export policies and procedures have put firmness to domestic fibre prices over the pas
Published 14 Jan, 2011 12:00am
Government decides to declare 2010-11 as 'Export Year'

Government decides to declare 2010-11 as 'Export Year'

The government has decided to declare 2010-11 as "Export Year" after exports witnessed a 20 percent growth during the first six months despite the failure of the Finance Ministry to release funds committed in the Trade Policy, well-informed sources told <
Published 14 Jan, 2011 12:00am
Government decides to declare 2010-11 as ''Export Year''

Government decides to declare 2010-11 as ''Export Year''

The government has decided to declare 2010-11 as "Export Year" after exports witnessed a 20 percent growth during the first six months despite the failure of the Finance Ministry to release funds committed in the Trade Policy, well-informed sources told <
Published 14 Jan, 2011 12:00am
Oil cake market rates

Oil cake market rates

Bullish trend was seen on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The January vaida that had closed at Rs 1252.40 opened with a rise of 50 paisa to Rs 1252.90. The March vaida ended at Rs 1240.50 and opening
Published 14 Jan, 2011 12:00am
Oil, gold fall

Oil, gold fall

Oil prices fell in see-saw trading on Thursday as disappointing US jobs data weighed on demand prospects and a possibility that Opec may raise output should prices break above $100 a barrel. In London, gold fell on Thursday, succumbing to a flurry of prof
Published 14 Jan, 2011 12:00am
Sela Basmati prices shoot up on grain market

Sela Basmati prices shoot up on grain market

Little business was seen on the wholesale grains and seed market on Thursday as many buyers were on the sidelines partly because of upward trend in the prices, dealers said. On the rice sector Irri-6 Sindh gained Rs 25 to Rs 3350 and Rs 3375. Sela Basmati
Published 14 Jan, 2011 12:00am
Oil, gold fall

Oil, gold fall

Oil prices fell in see-saw trading on Thursday as disappointing US jobs data weighed on demand prospects and a possibility that Opec may raise output should prices break above $100 a barrel. In London, gold fell on Thursday, succumbing to a flurry of prof
Published 14 Jan, 2011 12:00am
Oil, gold fall

Oil, gold fall

Oil prices fell in see-saw trading on Thursday as disappointing US jobs data weighed on demand prospects and a possibility that Opec may raise output should prices break above $100 a barrel. In London, gold fell on Thursday, succumbing to a flurry of prof
Published 14 Jan, 2011 12:00am
July-November LSM growth posts two percent decline

July-November LSM growth posts two percent decline

Large Scale Manufacturing (LSM) growth posted a decline of over 2 percent in first five months of current fiscal year due to high interest rate and slow consumption on domestic front. LSM had posted a modest recovery and registered some 5 percent growth d
Published 14 Jan, 2011 12:00am
July-November LSM growth posts two percent decline

July-November LSM growth posts two percent decline

Large Scale Manufacturing (LSM) growth posted a decline of over 2 percent in first five months of current fiscal year due to high interest rate and slow consumption on domestic front. LSM had posted a modest recovery and registered some 5 percent growth d
Published 14 Jan, 2011 12:00am
Canadian canola hits 29-month highs

Canadian canola hits 29-month highs

ICE Canadian canola futures shot to 29-month highs on Wednesday after a US government report forecast tighter than expected US soybean stocks. US Department of Agriculture forecast US 2010/11 soybean ending stocks at 140 million bushels, 10 percent below
Published 14 Jan, 2011 12:00am
July-November LSM growth posts two percent decline

July-November LSM growth posts two percent decline

Large Scale Manufacturing (LSM) growth posted a decline of over 2 percent in first five months of current fiscal year due to high interest rate and slow consumption on domestic front. LSM had posted a modest recovery and registered some 5 percent growth d
Published 14 Jan, 2011 12:00am
Vietnam starts rice harvest early, yields high

Vietnam starts rice harvest early, yields high

Farmers in Vietnam's Mekong Delta have started harvesting the winter-spring crop early and high yields are expected in what is the country's largest crop, a state-run newspaper reported on Thursday. The harvest has begun on fields around the Delta city of
Published 14 Jan, 2011 12:00am
Rental power firm told to reimburse Rs 970 million with mark-up

Rental power firm told to reimburse Rs 970 million with mark-up

The Supreme Court on Thursday directed Techno Sahuwal Rental Power Company to reimburse by Friday Rs 970 million advance payment received from the government for power generation, along with mark-up, otherwise, the case will be handed over to FIA.
Published 14 Jan, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 135,549 tonnes of cargo including 73,367 tonnes of import cargo, 62,182 tonnes of export cargo, 5,136 loaded and empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 73,367 tonnes compri
Published 14 Jan, 2011 12:00am
Rental power firm told to reimburse Rs 970 million with mark-up

Rental power firm told to reimburse Rs 970 million with mark-up

The Supreme Court on Thursday directed Techno Sahuwal Rental Power Company to reimburse by Friday Rs 970 million advance payment received from the government for power generation, along with mark-up, otherwise, the case will be handed over to FIA.
Published 14 Jan, 2011 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 14 Jan, 2011 12:00am
Rental power firm told to reimburse Rs 970 million with mark-up

Rental power firm told to reimburse Rs 970 million with mark-up

The Supreme Court on Thursday directed Techno Sahuwal Rental Power Company to reimburse by Friday Rs 970 million advance payment received from the government for power generation, along with mark-up, otherwise, the case will be handed over to FIA.
Published 14 Jan, 2011 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 14 Jan, 2011 12:00am
WHT exemption on agriculture produce still intact

WHT exemption on agriculture produce still intact

The exemption of withholding tax on sale/supply of agricultural produce by a grower/cultivator is still intact under the receently issued SRO1161(I)/2010. Official sources told Business Recorder on Thursday that the exemption of withholding tax on
Published 14 Jan, 2011 12:00am
WHT exemption on agriculture produce still intact

WHT exemption on agriculture produce still intact

The exemption of withholding tax on sale/supply of agricultural produce by a grower/cultivator is still intact under the receently issued SRO1161(I)/2010. Official sources told Business Recorder on Thursday that the exemption of withholding tax on
Published 14 Jan, 2011 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 14 Jan, 2011 12:00am
WHT exemption on agriculture produce still intact

WHT exemption on agriculture produce still intact

The exemption of withholding tax on sale/supply of agricultural produce by a grower/cultivator is still intact under the receently issued SRO1161(I)/2010. Official sources told Business Recorder on Thursday that the exemption of withholding tax on
Published 14 Jan, 2011 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 14 Jan, 2011 12:00am
Prime Minister forms body to contact political leadership

Prime Minister forms body to contact political leadership

Prime Minister Yousuf Raza Gilani has constituted a five-member committee to establish contacts with the leadership of all the political parties in the Parliament to obtain proposals towards resolution of national issues raised on the floor of both houses
Published 14 Jan, 2011 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 Thursday (January 13, 2011).

Published 14 Jan, 2011 12:00am
Prime Minister forms body to contact political leadership

Prime Minister forms body to contact political leadership

Prime Minister Yousuf Raza Gilani has constituted a five-member committee to establish contacts with the leadership of all the political parties in the Parliament to obtain proposals towards resolution of national issues raised on the floor of both houses
Published 14 Jan, 2011 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 Thursday (January 13, 2011).

Published 14 Jan, 2011 12:00am
Bhasha Dam: ECC allows Wapda to raise Rs 20 billion

Bhasha Dam: ECC allows Wapda to raise Rs 20 billion

The Economic Co-ordination Committee (ECC) of the Cabinet, which met here on Thursday with Federal Minister for Finance Dr Abdul Hafeez Sheikh in the chair, allowed Wapda to raise Rs 20 billion for the Diamer Bhasha Dam project from the open market.
Published 14 Jan, 2011 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 Thursday (January 13, 2011).

Published 14 Jan, 2011 12:00am
Bhasha Dam: ECC allows Wapda to raise Rs 20 billion

Bhasha Dam: ECC allows Wapda to raise Rs 20 billion

The Economic Co-ordination Committee (ECC) of the Cabinet, which met here on Thursday with Federal Minister for Finance Dr Abdul Hafeez Sheikh in the chair, allowed Wapda to raise Rs 20 billion for the Diamer Bhasha Dam project from the open market.
Published 14 Jan, 2011 12:00am
Bhasha Dam: ECC allows Wapda to raise Rs 20 billion

Bhasha Dam: ECC allows Wapda to raise Rs 20 billion

The Economic Co-ordination Committee (ECC) of the Cabinet, which met here on Thursday with Federal Minister for Finance Dr Abdul Hafeez Sheikh in the chair, allowed Wapda to raise Rs 20 billion for the Diamer Bhasha Dam project from the open market.
Published 14 Jan, 2011 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 Thursday (January 13, 2011).

Published 14 Jan, 2011 12:00am
Obama to meet Zardari today

Obama to meet Zardari today

President Barack Obama will meet President Asif Ali Zardari at the White House on Friday amid growing US pressure for Islamabad to step up its fight against Islamic militants. Zardari will be in Washington to attend a memorial service on Friday for vetera
Published 14 Jan, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (January 13, 2011).
Published 14 Jan, 2011 12:00am
Obama to meet Zardari today

Obama to meet Zardari today

President Barack Obama will meet President Asif Ali Zardari at the White House on Friday amid growing US pressure for Islamabad to step up its fight against Islamic militants. Zardari will be in Washington to attend a memorial service on Friday for vetera
Published 14 Jan, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (January 13, 2011).

Published 14 Jan, 2011 12:00am
Britain won't join new euro mechanisms: Cameron

Britain won't join new euro mechanisms: Cameron

Britain refuses to join any new funding mechanisms to prop up the eurozone, Prime Minister David Cameron said Thursday as his French counterpart Francois Fillon visited the country. "A strong and successful eurozone is in Britain's interest, we want the c
Published 14 Jan, 2011 12:00am
Britain won't join new euro mechanisms: Cameron

Britain won't join new euro mechanisms: Cameron

Britain refuses to join any new funding mechanisms to prop up the eurozone, Prime Minister David Cameron said Thursday as his French counterpart Francois Fillon visited the country. "A strong and successful eurozone is in Britain's interest, we want the c
Published 14 Jan, 2011 12:00am
Britain won''t join new euro mechanisms: Cameron

Britain won''t join new euro mechanisms: Cameron

Britain refuses to join any new funding mechanisms to prop up the eurozone, Prime Minister David Cameron said Thursday as his French counterpart Francois Fillon visited the country. "A strong and successful eurozone is in Britain''s interest, we want the
Published 14 Jan, 2011 12:00am
Index gains 178.2 points

Index gains 178.2 points

A bullish trend was witnessed on the local share market on Thursday on the back of expectations of early implementation of leverage product and the KSE-100 index surged by 178.20 points to close at the level of 12,459.44 points.
Published 14 Jan, 2011 12:00am
Index gains 178.2 points

Index gains 178.2 points

A bullish trend was witnessed on the local share market on Thursday on the back of expectations of early implementation of leverage product and the KSE-100 index surged by 178.20 points to close at the level of 12,459.44 points.
Published 14 Jan, 2011 12:00am
Index gains 178.2 points

Index gains 178.2 points

A bullish trend was witnessed on the local share market on Thursday on the back of expectations of early implementation of leverage product and the KSE-100 index surged by 178.20 points to close at the level of 12,459.44 points.
Published 14 Jan, 2011 12:00am
BRIndex30 up 216.73 points

BRIndex30 up 216.73 points

On Thursday, BRIndex30 opened at 9,171.17 points and remained positive throughout the trading session. It touched an intraday high of 9,417.43 points and an intraday low of 9,171.17 points and closed at 9,387.90 points, which was 216.73 points or 2.36 per
Published 14 Jan, 2011 12:00am
BRIndex30 up 216.73 points

BRIndex30 up 216.73 points

On Thursday, BRIndex30 opened at 9,171.17 points and remained positive throughout the trading session. It touched an intraday high of 9,417.43 points and an intraday low of 9,171.17 points and closed at 9,387.90 points, which was 216.73 points or 2.36 per
Published 14 Jan, 2011 12:00am
LSE index gains 92.83 points

LSE index gains 92.83 points

Equities on Thursday maintained upward slides on the Lahore Stock Exchange (LSE) for the second consecutive day and finally stayed in green zone amid ascending transaction volume on account of fresh entries in selective scrips.
Published 14 Jan, 2011 12:00am
LSE index gains 92.83 points

LSE index gains 92.83 points

Equities on Thursday maintained upward slides on the Lahore Stock Exchange (LSE) for the second consecutive day and finally stayed in green zone amid ascending transaction volume on account of fresh entries in selective scrips.
Published 14 Jan, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (January 13, 2011).

Published 14 Jan, 2011 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

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 improvement of 48.36 points as the ISE Ten Index moved from 3,055.54
Published 14 Jan, 2011 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

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 improvement of 48.36 points as the ISE Ten Index moved from 3,055.54
Published 14 Jan, 2011 12:00am
Mortars fired from Afghanistan kill eight in Pakistan

Mortars fired from Afghanistan kill eight in Pakistan

Mortars allegedly fired from Afghanistan hit a house in a militant-infested area of Pakistan on Thursday, killing eight people, officials said. A pair of attacks elsewhere in the north-west killed four officers. The mortar attack occurred in Tity Mada Khe
Published 14 Jan, 2011 12:00am
TV journalist shot dead

TV journalist shot dead

A journalist of a private news channel (not Aaj News) was gunned down in the limits of Super Market police station on Thursday night. Police sources said some unknown armed men attacked Wali Khan Babar at Liaquatabad Super Market after he had left
Published 14 Jan, 2011 12:00am
TV journalist shot dead

TV journalist shot dead

A journalist of a private news channel (not Aaj News) was gunned down in the limits of Super Market police station on Thursday night. Police sources said some unknown armed men attacked Wali Khan Babar at Liaquatabad Super Market after he had left
Published 14 Jan, 2011 12:00am
Pakistan strikes first wheat export deals in three years

Pakistan strikes first wheat export deals in three years

Pakistan has resumed wheat exports for the first time in three years, selling cargoes to Bangladesh and Myanmar and more deals are likely as the nation takes advantage of rising global prices and surplus stocks at home, following last year's bumper harves
Published 14 Jan, 2011 12:00am
Pakistan strikes first wheat export deals in three years

Pakistan strikes first wheat export deals in three years

Pakistan has resumed wheat exports for the first time in three years, selling cargoes to Bangladesh and Myanmar and more deals are likely as the nation takes advantage of rising global prices and surplus stocks at home, following last year's bumper harves
Published 14 Jan, 2011 12:00am
Pakistan strikes first wheat export deals in three years

Pakistan strikes first wheat export deals in three years

Pakistan has resumed wheat exports for the first time in three years, selling cargoes to Bangladesh and Myanmar and more deals are likely as the nation takes advantage of rising global prices and surplus stocks at home, following last year''s bumper harve
Published 14 Jan, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (January 13, 2011).

Published 14 Jan, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (January 13, 2011).

Published 14 Jan, 2011 12:00am
Applicability of WWF on E&P companies questioned

Applicability of WWF on E&P companies questioned

A legal question has been raised by tax authorities on the applicability of the Workers Welfare Fund (WWF) on the oil exploration and production companies to determine whether such petroleum companies are liable to pay the levy. In this connection, Large
Published 14 Jan, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (January 13, 2011).

Published 14 Jan, 2011 12:00am
Applicability of WWF on E&P companies questioned

Applicability of WWF on E&P companies questioned

A legal question has been raised by tax authorities on the applicability of the Workers Welfare Fund (WWF) on the oil exploration and production companies to determine whether such petroleum companies are liable to pay the levy. In this connection, Large
Published 14 Jan, 2011 12:00am
Applicability of WWF on E&P companies questioned

Applicability of WWF on E&P companies questioned

A legal question has been raised by tax authorities on the applicability of the Workers Welfare Fund (WWF) on the oil exploration and production companies to determine whether such petroleum companies are liable to pay the levy. In this connection, Large
Published 14 Jan, 2011 12:00am
US to help Bangladesh conduct 40-year-old 'war crimes' trials

US to help Bangladesh conduct 40-year-old 'war crimes' trials

The United States will help Bangladesh stage "open and transparent" trials for crimes against humanity committed during the 40-year-old Bangladesh war, a visiting US envoy said on Thursday. Bangladesh last year arrested six people, including five leaders
Published 14 Jan, 2011 12:00am
US to help Bangladesh conduct 40-year-old 'war crimes' trials

US to help Bangladesh conduct 40-year-old 'war crimes' trials

The United States will help Bangladesh stage "open and transparent" trials for crimes against humanity committed during the 40-year-old Bangladesh war, a visiting US envoy said on Thursday. Bangladesh last year arrested six people, including five leaders
Published 14 Jan, 2011 12:00am
NAB assures full support to TI Pakistan over scams

NAB assures full support to TI Pakistan over scams

The National Accountability Bureau (NAB) will extend full co-operation to Transparency International Pakistan whose chairman is being victimised by the state owned agencies for unearthing billions of rupees of financial scams in different public sector de
Published 14 Jan, 2011 12:00am
NAB assures full support to TI Pakistan over scams

NAB assures full support to TI Pakistan over scams

The National Accountability Bureau (NAB) will extend full co-operation to Transparency International Pakistan whose chairman is being victimised by the state owned agencies for unearthing billions of rupees of financial scams in different public sector de
Published 14 Jan, 2011 12:00am
NAB assures full support to TI Pakistan over scams

NAB assures full support to TI Pakistan over scams

The National Accountability Bureau (NAB) will extend full co-operation to Transparency International Pakistan whose chairman is being victimised by the state owned agencies for unearthing billions of rupees of financial scams in different public sector de
Published 14 Jan, 2011 12:00am
Railways to raise fares to meet operational cost

Railways to raise fares to meet operational cost

The rail fares will be raised by 10 to 30 percent shortly to generate funds to meet the operational cost of Pakistan Railways (PR). General Manager PR, Ishfaq Khattak informed the National Assembly's Standing Committee on Railways that Cabinet had approve
Published 14 Jan, 2011 12:00am
Railways to raise fares to meet operational cost

Railways to raise fares to meet operational cost

The rail fares will be raised by 10 to 30 percent shortly to generate funds to meet the operational cost of Pakistan Railways (PR). General Manager PR, Ishfaq Khattak informed the National Assembly's Standing Committee on Railways that Cabinet had approve
Published 14 Jan, 2011 12:00am
Railways to raise fares to meet operational cost

Railways to raise fares to meet operational cost

The rail fares will be raised by 10 to 30 percent shortly to generate funds to meet the operational cost of Pakistan Railways (PR). General Manager PR, Ishfaq Khattak informed the National Assembly''s Standing Committee on Railways that Cabinet had approv
Published 14 Jan, 2011 12:00am
Exploration issues: proposal to set up Irsa-like body discussed

Exploration issues: proposal to set up Irsa-like body discussed

Federal government and provinces on Thursday considered a proposal to set up an independent authority on the pattern of Indus River System Authority (Irsa) to deal with issues regarding mineral, gas and oil reserves exploration arising after implementatio
Published 14 Jan, 2011 12:00am
Exploration issues: proposal to set up Irsa-like body discussed

Exploration issues: proposal to set up Irsa-like body discussed

Federal government and provinces on Thursday considered a proposal to set up an independent authority on the pattern of Indus River System Authority (Irsa) to deal with issues regarding mineral, gas and oil reserves exploration arising after implementatio
Published 14 Jan, 2011 12:00am
Exploration issues: proposal to set up Irsa-like body discussed

Exploration issues: proposal to set up Irsa-like body discussed

Federal government and provinces on Thursday considered a proposal to set up an independent authority on the pattern of Indus River System Authority (Irsa) to deal with issues regarding mineral, gas and oil reserves exploration arising after implementatio
Published 14 Jan, 2011 12:00am
Oil supply to Railways only adds to PSO's financial woes

Oil supply to Railways only adds to PSO's financial woes

Pakistan State Oil (PSO) supplied 1.4 million liters oil to rescue Pakistan Railways from oil crisis despite several cheques released by the latter have been bounced adding to the financial woes of the former. PSO's total outstanding against Pakistan Rail
Published 14 Jan, 2011 12:00am
Oil supply to Railways only adds to PSO's financial woes

Oil supply to Railways only adds to PSO's financial woes

Pakistan State Oil (PSO) supplied 1.4 million liters oil to rescue Pakistan Railways from oil crisis despite several cheques released by the latter have been bounced adding to the financial woes of the former. PSO's total outstanding against Pakistan Rail
Published 14 Jan, 2011 12:00am
Oil supply to Railways only adds to PSO''s financial woes

Oil supply to Railways only adds to PSO''s financial woes

Pakistan State Oil (PSO) supplied 1.4 million liters oil to rescue Pakistan Railways from oil crisis despite several cheques released by the latter have been bounced adding to the financial woes of the former. PSO''s total outstanding against Pakistan Rai
Published 14 Jan, 2011 12:00am
US MIDDAY: copper softens

US MIDDAY: copper softens

Copper halted a two-day rally with a softer close on Thursday, as prices continued to dawdle beneath recent record peaks and investors priced in a potential dry-spell in Chinese purchases in the coming weeks. Since hitting historic peaks at $9,754 per ton
Published 14 Jan, 2011 12:00am
US MIDDAY: grain futures plummet

US MIDDAY: grain futures plummet

Chicago Board of Trade grain futures were sharply higher on Thursday, extending a rally begun Wednesday following the release of bullish US Department of Agriculture crop and stocks reports, traders said. Front-month CBOT corn set a fresh 30-month high am
Published 14 Jan, 2011 12:00am
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