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Archive - 2011-01-19
Paying the price of ad hocism
BR Research

Paying the price of ad hocism

If they were handing out awards for ad hocism, Pakistani governments, present and past, would have surely bagged the top award.
Published 19 Jan, 2011 12:00am
Wary investors weighing on FDIs
BR Research

Wary investors weighing on FDIs

If the attitude of investors all over the world can be summed up in one word, it is definitely isk-averse. And investors are playing it saf
Published 19 Jan, 2011 12:00am
Prioritising trade with Iran
BR Research

Prioritising trade with Iran

Target killings and political mudslinging overshadowed the visit of the Iranian Commerce Minister to Pakistan last week. In the 6th meeting
Published 19 Jan, 2011 12:00am
Greater market access

Greater market access

Prime Minister Yousuf Raza Gilani, in his talks with visiting German Deputy Chancellor Dr Guido Westerwelle, has asked for Pakistan to have greater market access to EU, which will help it deny to extremists the space they need to exploit the economic diff
Published 19 Jan, 2011 12:00am
Dealing with 'gutka' menace

Dealing with 'gutka' menace

In a much welcome decision, the government has declared all brands of 'gutka' a highly smuggling-prone item, liable to strict prosecution on confiscation under the Customs Act, 1969. However, the relevant SRO applies to a long list of smuggling-prone item
Published 19 Jan, 2011 12:00am
Space for the pious

Space for the pious

The Holy Quran is revealed in Arabic, our Constitution is written in English. The people of Pakistan are not well-versed in either language and rely on interlocutors of doubtful wisdom and integrity for shaping opinions on important matters of religion an
Published 19 Jan, 2011 12:00am
Find new markets

Find new markets

Exports, imports and trade deficit has been a critical issue in our national economic history. While we have been having severe energy crisis, non-availability or high cost raw materials, the shortage of a trained workforce and the critical law and order
Published 19 Jan, 2011 12:00am
100 days to go to Britain's 'wedding of the century'

100 days to go to Britain's 'wedding of the century'

Just 100 days before Britain's royal wedding, souvenir sales are booming and planners are working overtime, while the young couple are keeping a remarkably low profile. Rows of bottles of pink champagne adorned with Buckingham Palace labels fill the shelv
Published 19 Jan, 2011 12:00am
Human trafficking

Human trafficking

In order to curb the menace of human trafficking, particularly of women the following steps may be taken: Punishment for abducting/kidnapping innocent girls may be tremendously increased. Such cases may be referred to anti-terrorist courts for speedy tria
Published 19 Jan, 2011 12:00am
ACCA organising Talent Gymnasium 2011 from January 21

ACCA organising Talent Gymnasium 2011 from January 21

ACCA Pakistan is organising Talent Gymnasium 2011, an exciting event that is a unique platform for dual objectives of honing professional skills of finance and accounting trainees and bringing together ACCA's key employers and talented trainees.
Published 19 Jan, 2011 12:00am
Curbing smuggling: PTA demands ban on livestock export

Curbing smuggling: PTA demands ban on livestock export

Chairman, Pakistan Tanners Association (South Zone), Dr Aziz Ahmed has urged the government to impose ban on export of livestock to overcome shortage of meat and hides in the country. Talking to Business Recorder, he said smuggling of live animals has inc
Published 19 Jan, 2011 12:00am
Three killed, two hurt in targeted killing

Three killed, two hurt in targeted killing

At least three persons were killed and two injured in different incidents of target killings across the metropolis on Tuesday. According to police sources, a youth was shot dead while two other injures near Disco Bakery in the limits of Mobina Town police
Published 19 Jan, 2011 12:00am
Shahzain Bugti, 26 associates released on bail

Shahzain Bugti, 26 associates released on bail

Provincial president Jamhoorhi Watan Party (JWP) Nawabzada Shahzain Bugti who had been detained in keeping illegal weapons case was released on bail along with his 26 security guards on Tuesday.
Published 19 Jan, 2011 12:00am
IBP holds workshop on home remittances payment system

IBP holds workshop on home remittances payment system

The Institute of Bankers Pakistan, in collaboration with Pakistan Remittance Initiative (PRI)--a joint initiative of State Bank of Pakistan, Ministry of Overseas Pakistanis and Ministry of Finance--organised a two-day workshop on 'Payment Systems for Home
Published 19 Jan, 2011 12:00am
Judges condole with Javed Iqbal

Judges condole with Javed Iqbal

The Chief Justice of Pakistan (CJP) Justice Iftikhar Muhammad Chaudhry, other Judges, Registrar and staff of the Supreme Court expressed deep sorrow and grief over the sad demise of the parents of Justice Javed Iqbal Judge, Supreme Court of Pakistan. They
Published 19 Jan, 2011 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose on Tuesday as strong Asian physical demand and a weaker dollar helped the metal retrace some of this month's losses. Customers in Asia have been buying gold at a price that remains well off its record high above $1,430 an ounce, even as other co
Published 19 Jan, 2011 12:00am
US MIDDAY: wheat, corn and soya up

US MIDDAY: wheat, corn and soya up

Chicago Board of Trade wheat futures were higher on Monday, with upside momentum initially sparked by news that Argentina was a buyer of 600,000 tonnes of wheat on Monday, traders said. Continued harsh weather in Australia and the United States also was s
Published 19 Jan, 2011 12:00am
US MIDDAY: coffee climbs

US MIDDAY: coffee climbs

Coffee futures climbed on Tuesday as tight supplies of higher-quality arabicas pushed the market toward recent peaks while robustas benefited from substitution. ICE cocoa edged up after the European Union barred vessels from new deals with ports in top gr
Published 19 Jan, 2011 12:00am
Gold stays up in Europe

Gold stays up in Europe

Gold rose on Tuesday for a second day, drawing strength from the dollar's decline against the euro as well as from Asian consumption and a degree of uncertainty over Europe's debt crisis. Gold has fallen more than 3 percent this month, under pressure from
Published 19 Jan, 2011 12:00am
Gold edges up in Asia

Gold edges up in Asia

Gold edged higher on Tuesday, extending gains in the previous session, with healthy physical demand out of Asia and a lower dollar lending support, though an improved global economic outlook has dampened the price outlook. Eurozone finance ministers discu
Published 19 Jan, 2011 12:00am
Liffe sugar higher

Liffe sugar higher

Liffe March white sugar ended $6.00 higher at $780.20 per tonne on Tuesday. Market remains choppy with prices moving back up to around the middle of their recent trading range. Physical offtake remains slow and further clarity on the outlook for Indian ex
Published 19 Jan, 2011 12:00am
Malaysian palm oil rebounds

Malaysian palm oil rebounds

Malaysian palm oil bounced from one-month lows hit earlier on Tuesday, as persistent worries that demand will outstrip supplies, buoyed prices. The benchmark April 2011 crude palm oil contract on Bursa Malaysia Derivatives ended up 0.6 percent at 3,670 Ma
Published 19 Jan, 2011 12:00am
Tokyo rubber futures slip

Tokyo rubber futures slip

Key Tokyo rubber futures fell 1 percent on Tuesday as declines in the Shanghai market prompted profit-taking, but support remained firm due to supply concerns. The key Tokyo Commodity Exchange rubber contract for June delivery settled at 453.4 yen per kg,
Published 19 Jan, 2011 12:00am
New York cotton finishes daily limit up, outlook strong

New York cotton finishes daily limit up, outlook strong

US cotton futures finished on Tuesday up the daily limit on light investor buying as the weak dollar and strong grains complex boosted fibre contracts as the market stayed within sight of its record highs, analysts said. The cotton market was shut on Mond
Published 19 Jan, 2011 12:00am
Crude slips, Brent up

Crude slips, Brent up

US oil prices slipped on Tuesday in choppy trading on pressure from Alaska's pipeline restart and the International Energy Agency saying Opec has been quietly raising output. Brent crude futures were higher, also in choppy trading, as the euro's strength,
Published 19 Jan, 2011 12:00am
Copper moves higher

Copper moves higher

Copper came within a whisker of record highs on Tuesday as investors shone the spotlight on improving economic growth prospects and a softer dollar helped boost sentiment. Three-month copper on the London Metals Exchange ended at $9,700 a tonne from $9,63
Published 19 Jan, 2011 12:00am
Shanghai copper rises

Shanghai copper rises

Shanghai copper prices gained one percent on Tuesday and London rose, reversing light, currency-led losses from the previous session, as the dollar pared early gains and Rio Tinto reported a 9 percent fall in mined copper output.
Published 19 Jan, 2011 12:00am
Five killed in US strike

Five killed in US strike

A US drone attacked a compound in Miranshah on Tuesday, killing five militants, security officials said. "A US drone fired two missiles at a militant compound in Dashgah village killing at least five militants," a senior Pakistani security official told A
Published 19 Jan, 2011 12:00am
Karachi situation to be resolved with political consensus: Kaira

Karachi situation to be resolved with political consensus: Kaira

Minister for Information and Broadcasting, Qamar Zaman Kaira has said that a workable solution of Karachi situation would be found out with political consensus. He said that critical issues could not be resolved in one day. However, provincial set-up in c
Published 19 Jan, 2011 12:00am
Transfers, postings

Transfers, postings

The Punjab government has on Tuesday carried out transfer and posting of government officials. According to a notification, Anwaar Hussain, Member, Chief Minister's Inspection Team, Punjab, Lahore, has been promoted to BS-21 to the rank of a Punjab Secret
Published 19 Jan, 2011 12:00am
Medvedev backs independent Palestinian state

Medvedev backs independent Palestinian state

Russian President Dmitry Medvedev endorsed a Palestinian state on Tuesday, saying Moscow had recognised independence in 1988 and was not changing the position adopted by the former Soviet Union. Making his first visit to the Israeli-occupied West Bank as
Published 19 Jan, 2011 12:00am
2011 'critical' in Afghanistan: UK, Australia

2011 'critical' in Afghanistan: UK, Australia

Australia and Britain warned Tuesday that 2011 and 2012 will be critical years in the war in Afghanistan, but said they were determined to deny terrorism a base in the war-torn nation. The long-running conflict, where Britain has 9,500 troops and Australi
Published 19 Jan, 2011 12:00am
Afghan traders halt deals with Iran over fuel ban

Afghan traders halt deals with Iran over fuel ban

Afghanistan's trade associations say they have halted trade with neighbouring Iran to protest against an unexplained fuel blockade which has been choking the Afghan economy, the groups' leaders said on Tuesday. Tensions between the two nations have been r
Published 19 Jan, 2011 12:00am
Iran to end Afghan fuel blockade

Iran to end Afghan fuel blockade

Iran has told the Afghan government it will stop blocking thousands of tanker trucks trying to move vehicle and heating fuel into Afghanistan. An Afghan government statement issued Tuesday says that the Iranian ambassador to Afghanistan, Fada Hussain Mali
Published 19 Jan, 2011 12:00am
Iraq, Kurds agree to resume oil exports in February

Iraq, Kurds agree to resume oil exports in February

Iraq's semi-autonomous Kurdish region agreed with Baghdad to resume oil exports at the start of February, officials said, taking the two sides closer to resolving bitter disputes over oil and land. Around 40 companies, such as Norway's DNO, have invested
Published 19 Jan, 2011 12:00am
Teen killed as Israeli tanks raid Gaza

Teen killed as Israeli tanks raid Gaza

A Palestinian teenager was killed and two other people were wounded on Tuesday as Israeli tanks carried out an operation in northern Gaza, a medical official said. Hamas emergency services spokesman Adham Abu Selmiya named the victim as 17-year-old Amjad
Published 19 Jan, 2011 12:00am
Qatar replaces energy minister, policy seen steady

Qatar replaces energy minister, policy seen steady

Qatar replaced its veteran energy minister Abdullah al-Attiyah with junior minister Mohammed Saleh al-Sada on Tuesday, in a move likely to ensure policy continuity in the world's top liquefied natural gas (LNG) exporter. For more than a decade Attiyah has
Published 19 Jan, 2011 12:00am
Pirates take record 1,181 hostages in 2010

Pirates take record 1,181 hostages in 2010

Pirates captured a record 1,181 hostages in 2010, almost all of them off the Somali coast, during a year in which hijackings and attacks became more violent, a global maritime watchdog said Tuesday. Attackers seized 53 vessels world-wide in 2010, accordin
Published 19 Jan, 2011 12:00am
Tunisia's coalition hits trouble

Tunisia's coalition hits trouble

Tunisia's new coalition government hit trouble on Tuesday when four ministers quit and an opposition party threatened to walk out, undermining efforts to restore stability and end unrest on the streets. Prime Minister Mohamed Ghannouchi brought opposition
Published 19 Jan, 2011 12:00am
Suicide bombing in Iraq kills 52

Suicide bombing in Iraq kills 52

A suicide bomber blew himself up in a crowd of police recruits on Tuesday, killing at least 52 people and undercutting Iraqi security efforts as the nation struggles to show it can protect itself without foreign help. The death toll was still rising hours
Published 19 Jan, 2011 12:00am
Vietnam reshuffles leaders

Vietnam reshuffles leaders

A third of the ruling Communist Party's 15-man Politburo in Vietnam stepped down at a five-yearly congress on Tuesday, part of a reshuffle that will bring new, younger faces into the ageing leadership. At the first meeting of a newly elected Central Commi
Published 19 Jan, 2011 12:00am
West 'hyping' Iran nuclear threat: ElBaradei

West 'hyping' Iran nuclear threat: ElBaradei

The West is "hyping" the perceived nuclear threat from Iran, the former head of the UN atomic watchdog Mohamed ElBaradei said in an interview Tuesday. "There's a lot of a hype in this debate," ElBaradei told the Austrian news agency APA. The Egyptian-born
Published 19 Jan, 2011 12:00am
Sudan arrests opposition leader Turabi, eight others

Sudan arrests opposition leader Turabi, eight others

Sudanese security forces on Tuesday arrested opposition leader Hassan al-Turabi and eight other party officials after they called for a "popular revolution" if Khartoum did not reverse price rises. Turabi's arrest comes at a politically sensitive time for
Published 19 Jan, 2011 12:00am
Pakistan's World Cup team announced, Yousuf not included

Pakistan's World Cup team announced, Yousuf not included

Without naming skipper and his deputy, Pakistan left out experienced batsman Mohammad Yousuf from their final 15-man squad for next month's cricket World Cup, jointly being hosted by India, Sri Lanka and Bangladesh from February 19, 2011. As per expectati
Published 19 Jan, 2011 12:00am
Lara 'not disappointed' over IPL snub

Lara 'not disappointed' over IPL snub

Former West Indies captain Brian Lara on Tuesday praised the Indian Premier League (IPL) for promoting Twenty20 cricket, despite his being snubbed by big-pocket franchises at a recent auction. Lara, 41, remained unsold at the high-profile auction in Banga
Published 19 Jan, 2011 12:00am
PFF's Grass Root Referees Course from February 2

PFF's Grass Root Referees Course from February 2

Islamabad Football Association (IFA) will host PFF Grass Root Referees Course to be held with the collaboration of Pakistan Football Federation (PFF) from 2-7 February 2011. Islamabad Football Association (IFA) is organising six-day course during which 24
Published 19 Jan, 2011 12:00am
Nadal gifted win, Clijsters off to flier

Nadal gifted win, Clijsters off to flier

Top seed Rafael Nadal was handed an easy win at the Australian Open Tuesday, as Kim Clijsters humiliated Dinara Safina 6-0, 6-0 and former number one Ana Ivanovic was another high-profile casualty. Nadal, the French Open, Wimbledon and US Open champion, w
Published 19 Jan, 2011 12:00am
South Korea, Australia advance into last eight

South Korea, Australia advance into last eight

South Korea will take on Iran in a mouth-watering quarter-final Asian Cup showdown after they dispatched India 4-1 Tuesday, but Australia topped the group to enter the last eight by defeating Bahrain. The Socceroos will likely play reigning champions Iraq
Published 19 Jan, 2011 12:00am
Afridi not worried over captaincy

Afridi not worried over captaincy

Shahid Afridi on Tuesday said he was not worried over not being named Pakistan captain because it was a job he had never coveted. The 30-year-old all-rounder is tipped to lead the team in next month's World Cup, to be jointly hosted by India, Sri Lanka an
Published 19 Jan, 2011 12:00am
Donald appointed New Zealand bowling coach

Donald appointed New Zealand bowling coach

Former South African paceman Allan Donald has been appointed as New Zealand's bowling coach on a short-term contract until the end of the World Cup, officials said Tuesday. New Zealand Cricket chief executive Justin Vaughan said Donald's experience would
Published 19 Jan, 2011 12:00am
Gul swoops to leave final Test wide open

Gul swoops to leave final Test wide open

Pakistan dismissed New Zealand for 293 at stumps on Tuesday after a dynamic late spell from Umar Gul threw the second Test at the Basin Reserve wide open heading into the final day. Honours were even on the fourth day, with New Zealand's openers finally c
Published 19 Jan, 2011 12:00am
Husseys included in Australia World Cup squad

Husseys included in Australia World Cup squad

Mike Hussey was included in the final 15-man Australia squad for the World Cup announced on Tuesday despite a hamstring injury, while his brother David has earned a first call-up for cricket's showpiece event. Australia, who have won four of the nine Worl
Published 19 Jan, 2011 12:00am
Australian and New Zealand dollars choppy

Australian and New Zealand dollars choppy

The Australian and New Zealand dollars traded in a slim range on Tuesday, drifting off the session lows after Chinese stocks showed signs of steadying from a steep fall in the previous session. While China's benchmark equity index is hardly a reliable ind
Published 19 Jan, 2011 12:00am
Swiss franc up versus euro

Swiss franc up versus euro

The Swiss franc pushed higher against the euro and the dollar on Tuesday as traders awaited a meeting of European Union finance ministers later in the day for clues to whether they will beef up a eurozone safety fund. Traders in the euro-franc took profit
Published 19 Jan, 2011 12:00am
Rupiah, baht hit one-week low

Rupiah, baht hit one-week low

The Indonesian rupiah and the Thai baht hit a one-week low against the dollar on Tuesday, pressured by offers related to foreign investors' sales of assets in the countries. The Philippine peso also lost ground as investors covered dollar-short positions
Published 19 Jan, 2011 12:00am
Indian rupee snaps three-day fall

Indian rupee snaps three-day fall

The Indian rupee snapped a three-day losing streak on Tuesday boosted by gains in domestic shares, which raised hopes for some foreign fund inflows, while sharp losses in the dollar versus major currencies also helped. The partially convertible rupee clos
Published 19 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 Tuesday. 71.07/71.10 (previous 71.05/71.05). Call Money Rates: 9.00-15.00 percent (previous 6.50-15.00 percent).
Published 19 Jan, 2011 12:00am
Euro rises in London

Euro rises in London

The euro rose on Tuesday on buying by sovereign funds and after an influential German survey pointed to robust growth in Europe's largest economy, pushing eurozone debt concerns into the background. The ZEW's headline economic sentiment indicator surged t
Published 19 Jan, 2011 12:00am
Early trade in New York: Euro up against dollar

Early trade in New York: Euro up against dollar

The euro rose against the dollar on Tuesday on buying by sovereign funds and strong German economic data but doubts Europe can boost a rescue fund to head off debt problems may prevent further gains. After surging more than 1 percent, the euro pared gains
Published 19 Jan, 2011 12:00am
Euro inches up in Asia

Euro inches up in Asia

The euro edged higher against the dollar on Tuesday as the arrest of a slide in Chinese shares boosted risk appetite, but its gains were limited by uncertainty over whether officials will agree to beef up a eurozone safety fund this week. The euro dipped
Published 19 Jan, 2011 12:00am
Sterling rallies

Sterling rallies

Sterling extended gains on Tuesday, hitting an eight-week high versus the dollar after a surge in consumer price inflation fuelled expectations that UK interest rates may need to rise soon. Rising oil prices drove annual CPI growth up far more than expect
Published 19 Jan, 2011 12:00am
Yuan hits intraday high

Yuan hits intraday high

Offshore yuan forwards on Tuesday were little changed and would unlikely move much this week, with dealers doubting sharp gains in the renminbi in January would continue beyond this week's political fanfare in Washington. Spot yuan hit an intraday high of
Published 19 Jan, 2011 12:00am
Interbank rates push higher

Interbank rates push higher

Liquidity conditions look set to tighten in coming weeks, creating upward pressure on overnight interbank rates while longer-dated euro borrowing costs extended their recent rise on Tuesday on building inflation concerns. Banks opted to replace 248 billio
Published 19 Jan, 2011 12:00am
FTSE snaps losing streak

FTSE snaps losing streak

Banks and commodity stocks helped Britain's top share index break a three-day losing streak on Tuesday, as upbeat corporate results from Burberry, SAB Miller and Rio Tinto lifted investor sentiment. The FTSE 100 index closed up 70.73 points, or 1.2 percen
Published 19 Jan, 2011 12:00am
European shares hit 28-month high

European shares hit 28-month high

European shares hit their highest close in more than 28 months on Tuesday, as eurozone finance ministers inched towards improving a rescue fund and investor confidence grew in Germany. The FTSEurofirst 300 index of top European shares rose 0.9 percent to
Published 19 Jan, 2011 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan shares closed up 0.7 percent on Tuesday, driven by the financials and semiconductors, but lacked momentum to break past the 9,000 barrier as cement and ceramic shares dragged on the index. "Turnover did not rise along with the index. The market may
Published 19 Jan, 2011 12:00am
Nikkei edges up

Nikkei edges up

Japan's Nikkei average got a boost from property and banking shares to edge higher on Tuesday, while investors cautiously waited to see Wall Street's reaction to news that Apple Inc CEO Steve Jobs was again taking medical leave. Brokers said a smaller dro
Published 19 Jan, 2011 12:00am
Shanghai shares higher, Hong Kong flat

Shanghai shares higher, Hong Kong flat

China shares inched higher on Tuesday while Hong Kong's Hang Seng Index ended little changed, but top aluminium producer Chalco jumped 7 percent after the company forecast a return to annual profits. Shanghai's key stock index edged up 0.1 percent after f
Published 19 Jan, 2011 12:00am
Indian shares rise

Indian shares rise

Indian shares gained 1.1 percent on Tuesday, helped by gains in software services and financial companies as investors bet on strong corporate earnings in Asia's third-largest economy. The rise was supported by bargain hunting after the benchmark index sl
Published 19 Jan, 2011 12:00am
Bangladesh halts trading as stocks dive again

Bangladesh halts trading as stocks dive again

Bangladesh's Dhaka Stock Exchange halted trading on Tuesday after stocks fell more than three percent in the latest of a series of plunges that have sparked street protests by investors. The benchmark Dhaka Stock Exchange general index (DGEN) rose 80 perc
Published 19 Jan, 2011 12:00am
Seoul shares dip

Seoul shares dip

Seoul shares edged down 0.2 percent on Tuesday, hurt by falls in autos and petrochemical companies such as LG Chem, but strong gains in memory chip plays and shipyards including Samsung Electronics helped. The Korea Composite Stock Price Index (KOSPI) end
Published 19 Jan, 2011 12:00am
Tuesday's early afternoon trade: Wall Street gains

Tuesday's early afternoon trade: Wall Street gains

US stocks advanced on Tuesday as price target upgrades of Caterpillar and Google offset disappointing Citigroup results and worries about another medical leave by Apple Chief Executive Steve Jobs. The S&P 500 and the Nasdaq were trading near session highs
Published 19 Jan, 2011 12:00am
Most Southeast Asian stocks higher

Most Southeast Asian stocks higher

Major Southeast Asian stock markets posted limited gains on Tuesday, with risk appetite weak across the region, but investors picked up stocks in companies expected to report good results, including Thailand's banks. Investors turned cautious as eurozone
Published 19 Jan, 2011 12:00am
Middle-east markets: Egypt sees biggest loss in eight months

Middle-east markets: Egypt sees biggest loss in eight months

Egypt's index posted its biggest fall in nearly eight months, as foreign investors sold shares on concerns that the political unrest that unseated Tunisia's leader could spread to other Arab states. A second Egyptian man set himself on fire near parliamen
Published 19 Jan, 2011 12:00am
Hu heads to US as China pushes back on currency

Hu heads to US as China pushes back on currency

Chinese President Hu Jintao flew to the United States on Tuesday for a state visit punctuated in advance by threats from US senators to punish Beijing over its currency policies. The White House weighed in on the currency dispute hours before Hu was due t
Published 19 Jan, 2011 12:00am
FSA slaps record fine on Barclays for fund failures

FSA slaps record fine on Barclays for fund failures

Britain's Financial Services Authority has hit Barclays with a record 7.7 million pound fine for mis-selling two income investment products to more than 12,000 clients who lost money during the financial crisis. The UK financial watchdog said Barclays had
Published 19 Jan, 2011 12:00am
EU raids truckmakers in cartel probe

EU raids truckmakers in cartel probe

European Union authorities are investigating European truckmakers Scania and MAN for possible breaches of anti-trust rules. The Swedish and German truckmakers said on Tuesday they were being probed by the European Commission, which confirmed it had carrie
Published 19 Jan, 2011 12:00am
Obama orders review of US government regulations

Obama orders review of US government regulations

President Barack Obama on Tuesday ordered a government-wide review of regulations, both old and new, in a broad push to curtail rules that retard job creation and economic growth. In a move to improve his relations with the business community, Obama order
Published 19 Jan, 2011 12:00am
WTO backs South Korea in dispute, US does not defend

WTO backs South Korea in dispute, US does not defend

A World Trade Organisation panel backed South Korea on Tuesday in a challenge to a controversial US method for calculating duties on unfairly priced imports, after the United States offered no defence in the dispute. The ruling is the latest in a series o
Published 19 Jan, 2011 12:00am
Jobs' health overshadows Apple sales

Jobs' health overshadows Apple sales

The health of Apple Inc Chief Executive Steve Jobs will overshadow quarterly results on Tuesday from the consumer electronics powerhouse, whose iPhone and iPad excited holiday shoppers. Apple shares, up 62 percent in the last 12 months, were down 3.4 perc
Published 19 Jan, 2011 12:00am
Two charged over iPad hacking on AT&T network

Two charged over iPad hacking on AT&T network

US prosecutors have charged two people with stealing email addresses and other data of about 120,000 users of Apple Inc's iPad after finding a security weakness in AT&T Inc servers. Prosecutors said the criminal charges arise from a "brute force" hacking
Published 19 Jan, 2011 12:00am
Bullish German investors see earlier ECB hike

Bullish German investors see earlier ECB hike

German investor sentiment surged in January, reflecting growing confidence that its powerful export machine will create new jobs and investments this year to spur further robust growth. The Mannheim-based ZEW think tank said about 50 percent of investors
Published 19 Jan, 2011 12:00am
China gets record foreign investment

China gets record foreign investment

China drew a record $105.7 billion in foreign direct investment (FDI) in 2010, with inflows rising more than 17 from the previous year as global firms trooped into the country to tap its vast and growing market. In December alone, the Ministry of Commerce
Published 19 Jan, 2011 12:00am
China ahead of World Bank in loans

China ahead of World Bank in loans

China has lent more money to developing nations than the World Bank in the past two years, the Financial Times said on Tuesday, underlining Beijing's ambitions to increase its global influence. China lent at least $110 billion to governments and firms in
Published 19 Jan, 2011 12:00am
UK inflation leaps to eight-month high, pressure on BoE

UK inflation leaps to eight-month high, pressure on BoE

A record monthly jump in prices drove British inflation to an 8-month high in December, piling pressure on the Bank of England to raise interest rates and show it is not letting inflation get out of control. Concern the BoE has lost its grip on inflation
Published 19 Jan, 2011 12:00am
Citigroup misses estimate as revenues fall

Citigroup misses estimate as revenues fall

A sharp drop in bond trading revenue pushed Citigroup Inc fourth-quarter profit far below expectations, highlighting Chief Executive Vikram Pandit's challenges in fully reviving the bank. The earnings miss by Citigroup, which only survived the financial c
Published 19 Jan, 2011 12:00am
Airbus raises aircraft prices

Airbus raises aircraft prices

Airbus announced an average 4.4 percent increase in its aircraft catalogue prices on Tuesday, citing high production investments and a weak dollar. The move comes weeks after rival planemaker Boeing announced an average 5.2 percent price increase. Airbus
Published 19 Jan, 2011 12:00am
Double-dip recession could hit Europe: UN study

Double-dip recession could hit Europe: UN study

Europe could be hit by a double-dip recession this year, hurting a global economic recovery already weighed down by flagging growth in the United States and Japan, a UN study warned Tuesday. Europe, which is seeing a deepening gap between Germany and the
Published 19 Jan, 2011 12:00am
S&P revises Lebanon outlook to stable

S&P revises Lebanon outlook to stable

Global credit ratings agency Standard & Poor's revised its outlook for Lebanon to stable from positive on Tuesday as a political crisis continues to grip the Middle Eastern country. "The stable outlook reflects our view that while the government's control
Published 19 Jan, 2011 12:00am
Greece says not seeking debt repayment extension

Greece says not seeking debt repayment extension

The Greek government denied on Tuesday it would seek to extend repayment of its whole debt, hours after the deputy prime minister spoke in support of the idea of a form of debt restructuring. Theodoros Pangalos, a veteran socialist serving as Prime Minist
Published 19 Jan, 2011 12:00am
WikiLeaks unlikely to release Swiss bank data soon

WikiLeaks unlikely to release Swiss bank data soon

WikiLeaks is unlikely anytime soon to make public material provided to it this week by Swiss bank whistleblower Rudolf Elmer, according to WikiLeaks founder Julian Assange and sources close to Elmer. At a London news conference on Monday, Elmer, former ch
Published 19 Jan, 2011 12:00am
Bank of Canada holds rates, raises growth view

Bank of Canada holds rates, raises growth view

The Bank of Canada held its key interest rate steady on Tuesday, as expected, and nudged growth forecasts for 2011 and 2012 higher to reflect the strength of the global economic recovery. The central bank held its overnight lending target at 1 percent for
Published 19 Jan, 2011 12:00am
Santander UK boss says keen on UK lending plan

Santander UK boss says keen on UK lending plan

The new boss of Santander's British arm told UK lawmakers she intends to take part in a government plan to boost business lending, potentially going it alone rather than as part of a group target. Ana Patricia Botin, who started as Santander's UK chief ex
Published 19 Jan, 2011 12:00am
Grams prices up due to short supply on grain market

Grams prices up due to short supply on grain market

Grams prices tended higher on the wholesale grains and seed market on Tuesday as buyers showed fresh interest in purchasing, dealers said. On the cereal side wheat old was quoted at Rs 2645-2650 and new quality was registered at Rs 2660-2665, other items
Published 19 Jan, 2011 12:00am
Oil cake market rates

Oil cake market rates

Contracts were mixed on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The January vaida that had closed higher at Rs 1253.80 opened with a gain of 60 paisa to Rs 1254.40. The March vaida which ended at Rs 1239.60 op
Published 19 Jan, 2011 12:00am
Indonesia's sugar stocks enough for four months

Indonesia's sugar stocks enough for four months

Indonesia's white sugar stocks stand at 800,000 tonnes, sufficient to cover domestic consumption in the next four months, said trade minister Mari Pangestu on Tuesday. The comments indicate that Southeast Asia's biggest sugar consumer may not be in a rush
Published 19 Jan, 2011 12:00am
Uganda's 2010 sugar output below forecast

Uganda's 2010 sugar output below forecast

Uganda's 2010 sugar production rose slightly on a year earlier but fell short of forecasts, hit by technical problems at the leading producer and poor rains, an industry association said on Tuesday. Richard Orr, chairman of the Uganda Sugar Cane Technolog
Published 19 Jan, 2011 12:00am
Bangladeshi tea prices ease slightly

Bangladeshi tea prices ease slightly

The average price of Bangladeshi teas eased slightly to 194.57 taka ($2.74) per kg on poor quality at the weekly auction on Tuesday, brokers said. Nearly 1.23 million kg were sold, leaving a record 27.18 percent of the offer to be carried back. Bangladesh
Published 19 Jan, 2011 12:00am
Argentina's soya crop may fall to 46 million tonnes: Oil World

Argentina's soya crop may fall to 46 million tonnes: Oil World

Argentina's dought-hit 2011 soyabean crop could fall to or below 46 million tonnes from 54.5 million tonnes in 2010 unless much more rain falls, Hamburg-based oilseeds analysts Oil World said on Tuesday. The Buenos Aires Grains Exchange had estimated the
Published 19 Jan, 2011 12:00am
China turning to US for soyaoil imports: Oil World

China turning to US for soyaoil imports: Oil World

China has increasingly imported US soyaoil in past weeks, turning its back on rival Argentine supplies for unclear reasons, Hamburg-based oilseeds analysts Oil World said on Tuesday. China, the world's largest soyaoil importer, has not made major purchase
Published 19 Jan, 2011 12:00am
Zarai Taraqiati Bank announces PLS profit rates

Zarai Taraqiati Bank announces PLS profit rates

Zarai Taraqiati Bank Limited (ZTBL) has declared the rates of profit on different types of deposits for the the period 2010 of six months ended December 31.

Published 19 Jan, 2011 12:00am
Zarai Taraqiati Bank announces PLS profit rates

Zarai Taraqiati Bank announces PLS profit rates

Zarai Taraqiati Bank Limited (ZTBL) has declared the rates of profit on different types of deposits for the the period 2010 of six months ended December 31.

Published 19 Jan, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 96,007 tonnes of cargo including 61,534 tonnes of import cargo, 34,473 tonnes of export cargo, 6,888 loaded and empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 61,534 tonnes comprise
Published 19 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 19 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 19 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 Tuesday (January 18, 2011).

Published 19 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 Tuesday (January 18, 2011).

Published 19 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 Tuesday (January 18, 2011).

Published 19 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 Tuesday (January 18, 2011).

Published 19 Jan, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (January 18, 2011).
Published 19 Jan, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (January 18, 2011).

Published 19 Jan, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (January 18, 2011).

Published 19 Jan, 2011 12:00am
Darul Qaza in Swat inaugurated

Darul Qaza in Swat inaugurated

Khyber Pakhtunkhwa Chief Minister Ameer Haider Khan Hoti on Tuesday inaugurated the building of Darul Qaza at Fiza Ghat, Mingora for provision of cheap and speedy justice to the people of Malakand Division. The chief minister said that delayed justice is
Published 19 Jan, 2011 12:00am
Darul Qaza in Swat inaugurated

Darul Qaza in Swat inaugurated

Khyber Pakhtunkhwa Chief Minister Ameer Haider Khan Hoti on Tuesday inaugurated the building of Darul Qaza at Fiza Ghat, Mingora for provision of cheap and speedy justice to the people of Malakand Division. The chief minister said that delayed justice is
Published 19 Jan, 2011 12:00am
Sugar import from India: government, mills line up on opposite sides

Sugar import from India: government, mills line up on opposite sides

The federal government and Pakistan Sugar Mills Association (PSMA) are on opposing sides in respect of importing Indian sugar. "Imported sugar from India will be most profitable due to the sharing of common borders and use of land route," said an official
Published 19 Jan, 2011 12:00am
Sugar import from India: government, mills line up on opposite sides

Sugar import from India: government, mills line up on opposite sides

The federal government and Pakistan Sugar Mills Association (PSMA) are on opposing sides in respect of importing Indian sugar. "Imported sugar from India will be most profitable due to the sharing of common borders and use of land route," said an official
Published 19 Jan, 2011 12:00am
Sugar import from India: government, mills line up on opposite sides

Sugar import from India: government, mills line up on opposite sides

The federal government and Pakistan Sugar Mills Association (PSMA) are on opposing sides in respect of importing Indian sugar. "Imported sugar from India will be most profitable due to the sharing of common borders and use of land route," said an official
Published 19 Jan, 2011 12:00am
First half current account depicts $26 million surplus

First half current account depicts $26 million surplus

The country's current account balance has become positive and registered a surplus of 26 million dollars in the first half of current fiscal year (2010-11) primarily driven by massive decline in trade and services deficit and high foreign inflows.
Published 19 Jan, 2011 12:00am
First half current account depicts $26 million surplus

First half current account depicts $26 million surplus

The country's current account balance has become positive and registered a surplus of 26 million dollars in the first half of current fiscal year (2010-11) primarily driven by massive decline in trade and services deficit and high foreign inflows.
Published 19 Jan, 2011 12:00am
First half current account depicts $26 million surplus

First half current account depicts $26 million surplus

The country''s current account balance has become positive and registered a surplus of 26 million dollars in the first half of current fiscal year (2010-11) primarily driven by massive decline in trade and services deficit and high foreign inflows.
Published 19 Jan, 2011 12:00am
Magnitude 7.4 quake hits Pakistan

Magnitude 7.4 quake hits Pakistan

A magnitude 7.4 earthquake struck south-western Pakistan, the US Geological Survey reported on Tuesday. It said the quake was very shallow at a depth of 10 km (6.3 miles). It struck 55 km (34 miles) west of Dalbandin at 1:23 am local time on Wednesday (20
Published 19 Jan, 2011 12:00am
Magnitude 7.4 quake hits Pakistan

Magnitude 7.4 quake hits Pakistan

A magnitude 7.4 earthquake struck south-western Pakistan, the US Geological Survey reported on Tuesday. It said the quake was very shallow at a depth of 10 km (6.3 miles). It struck 55 km (34 miles) west of Dalbandin at 1:23 am local time on Wednesday (20
Published 19 Jan, 2011 12:00am
Government in talks on economic strategy

Government in talks on economic strategy

The economic team has informed the political leadership that growing gap between revenue and expenditure has increased the vulnerability of fiscal framework, requiring the federal and provincial governments to tighten belt with a view to putting economy o
Published 19 Jan, 2011 12:00am
Government in talks on economic strategy

Government in talks on economic strategy

The economic team has informed the political leadership that growing gap between revenue and expenditure has increased the vulnerability of fiscal framework, requiring the federal and provincial governments to tighten belt with a view to putting economy o
Published 19 Jan, 2011 12:00am
Government in talks on economic strategy

Government in talks on economic strategy

The economic team has informed the political leadership that growing gap between revenue and expenditure has increased the vulnerability of fiscal framework, requiring the federal and provincial governments to tighten belt with a view to putting economy o
Published 19 Jan, 2011 12:00am
New tax measures post-Finance Bill 2010

New tax measures post-Finance Bill 2010

The federal government imposed additional taxes subsequent to the passage of Finance Bill 2010, and these include 3.5 percent withholding tax on agri-trading, penalties on late filers/non-filers of returns, exclusion of non-compliant taxpayers from "List
Published 19 Jan, 2011 12:00am
New tax measures post-Finance Bill 2010

New tax measures post-Finance Bill 2010

The federal government imposed additional taxes subsequent to the passage of Finance Bill 2010, and these include 3.5 percent withholding tax on agri-trading, penalties on late filers/non-filers of returns, exclusion of non-compliant taxpayers from "List
Published 19 Jan, 2011 12:00am
New tax measures post-Finance Bill 2010

New tax measures post-Finance Bill 2010

The federal government imposed additional taxes subsequent to the passage of Finance Bill 2010, and these include 3.5 percent withholding tax on agri-trading, penalties on late filers/non-filers of returns, exclusion of non-compliant taxpayers from "List
Published 19 Jan, 2011 12:00am
Technology acquisition pacts: EDB urges FBR to abolish 10 percent FED

Technology acquisition pacts: EDB urges FBR to abolish 10 percent FED

The Engineering Development Board (EDB) has asked the Federal Board of Revenue (FBR) to take away anti-investment and anti-exports provisions of the federal excise regime by abolishing 10 percent Federal Excise Duty (FED) on technology acquisition agreeme
Published 19 Jan, 2011 12:00am
Technology acquisition pacts: EDB urges FBR to abolish 10 percent FED

Technology acquisition pacts: EDB urges FBR to abolish 10 percent FED

The Engineering Development Board (EDB) has asked the Federal Board of Revenue (FBR) to take away anti-investment and anti-exports provisions of the federal excise regime by abolishing 10 percent Federal Excise Duty (FED) on technology acquisition agreeme
Published 19 Jan, 2011 12:00am
Technology acquisition pacts: EDB urges FBR to abolish 10 percent FED

Technology acquisition pacts: EDB urges FBR to abolish 10 percent FED

The Engineering Development Board (EDB) has asked the Federal Board of Revenue (FBR) to take away anti-investment and anti-exports provisions of the federal excise regime by abolishing 10 percent Federal Excise Duty (FED) on technology acquisition agreeme
Published 19 Jan, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 19 Jan, 2011 12:00am
Pakistan, Bulgaria may sign economic pact today

Pakistan, Bulgaria may sign economic pact today

Pakistan and Bulgaria are likely to sign 'economic co-operation agreement' here today (Wednesday) on the first-ever visit of Bulgarian Foreign Minister Nickolay Mladenov. During his three-day stay (January 19-21), the Bulgarian FM will meet Prime Minister
Published 19 Jan, 2011 12:00am
Pakistan, Bulgaria may sign economic pact today

Pakistan, Bulgaria may sign economic pact today

Pakistan and Bulgaria are likely to sign 'economic co-operation agreement' here today (Wednesday) on the first-ever visit of Bulgarian Foreign Minister Nickolay Mladenov. During his three-day stay (January 19-21), the Bulgarian FM will meet Prime Minister
Published 19 Jan, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 19 Jan, 2011 12:00am
Pakistan, Bulgaria may sign economic pact today

Pakistan, Bulgaria may sign economic pact today

Pakistan and Bulgaria are likely to sign ''economic co-operation agreement'' here today (Wednesday) on the first-ever visit of Bulgarian Foreign Minister Nickolay Mladenov. During his three-day stay (January 19-21), the Bulgarian FM will meet Prime Minist
Published 19 Jan, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Jan, 2011 12:00am
Index loses 23.78 points

Index loses 23.78 points

Bearish activity was witnessed at Karachi stock market on Tuesday and KSE-100 index lost 23.78 points due to high selling pressure. The KSE-100 closed at 12,658.16 points from 12,681.94 points. The index hit 12,767.74 points intra-day high and 12,682.11po
Published 19 Jan, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Jan, 2011 12:00am
Index loses 23.78 points

Index loses 23.78 points

Bearish activity was witnessed at Karachi stock market on Tuesday and KSE-100 index lost 23.78 points due to high selling pressure. The KSE-100 closed at 12,658.16 points from 12,681.94 points. The index hit 12,767.74 points intra-day high and 12,682.11po
Published 19 Jan, 2011 12:00am
Index loses 23.78 points

Index loses 23.78 points

Bearish activity was witnessed at Karachi stock market on Tuesday and KSE-100 index lost 23.78 points due to high selling pressure. The KSE-100 closed at 12,658.16 points from 12,681.94 points. The index hit 12,767.74 points intra-day high and 12,682.11po
Published 19 Jan, 2011 12:00am
BRIndex30 down 95.95 points

BRIndex30 down 95.95 points

On Tuesday, the BRIndex30 opened at 9,521.49 points. It touched the intra-day high of 9,594.11 points and low of 9,404.70 points, and closed at 9,425.54 points with a net negative change of -95.95 points, or -1.01 percent. The volume was 188,635,513 share
Published 19 Jan, 2011 12:00am
BRIndex30 down 95.95 points

BRIndex30 down 95.95 points

On Tuesday, the BRIndex30 opened at 9,521.49 points. It touched the intra-day high of 9,594.11 points and low of 9,404.70 points, and closed at 9,425.54 points with a net negative change of -95.95 points, or -1.01 percent. The volume was 188,635,513 share
Published 19 Jan, 2011 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities on Tuesday moved both ways on the Lahore Stock Exchange (LSE) and finally stayed in negative zone amid decreased trading turnover on account of lacking interest on the part of investors. The LSE-25 index lost 35.96 points and was closed at 3953.4
Published 19 Jan, 2011 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities on Tuesday moved both ways on the Lahore Stock Exchange (LSE) and finally stayed in negative zone amid decreased trading turnover on account of lacking interest on the part of investors. The LSE-25 index lost 35.96 points and was closed at 3953.4
Published 19 Jan, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (January 18, 2011).

Published 19 Jan, 2011 12:00am
Bears dominates ISE

Bears dominates ISE

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) on Tuesday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 5.58 points from 3,141.04 points to 3,135.46 points. Turnover amounted to 228,485 shares as
Published 19 Jan, 2011 12:00am
Bears dominates ISE

Bears dominates ISE

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) on Tuesday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 5.58 points from 3,141.04 points to 3,135.46 points. Turnover amounted to 228,485 shares as
Published 19 Jan, 2011 12:00am
Dogar's counsel's argument: oath was taken to save judicial system

Dogar's counsel's argument: oath was taken to save judicial system

The counsel for former chief justice Abdul Hameed Dogar Tuesday argued before the apex court that his client had taken oath under November 3, 2007 Provisional Constitutional Order (PCO) just to save the judicial system in the country.
Published 19 Jan, 2011 12:00am
Dogar's counsel's argument: oath was taken to save judicial system

Dogar's counsel's argument: oath was taken to save judicial system

The counsel for former chief justice Abdul Hameed Dogar Tuesday argued before the apex court that his client had taken oath under November 3, 2007 Provisional Constitutional Order (PCO) just to save the judicial system in the country.
Published 19 Jan, 2011 12:00am
THE RUPEE: all-round decline

THE RUPEE: all-round decline

Pressure buying of dollars forced the rupee to surrender its gains versus the US currency and euro on the money market on Tuesday, dealers said. The rupee fell sharply against dollar, losing 27 paisa for buying at 85.78 and it also shed 26 paisa for selli
Published 19 Jan, 2011 12:00am
De-weaponisation bill presented in Senate

De-weaponisation bill presented in Senate

Following its introduction in the National Assembly, Muttahida Qaumi Movement (MQM) on Tuesday submitted The De-Weaponisation of Pakistan Bill, 2011 with the Senate Secretariat, urging all political forces to support the Bill in the Parliament.
Published 19 Jan, 2011 12:00am
THE RUPEE: all-round decline

THE RUPEE: all-round decline

Pressure buying of dollars forced the rupee to surrender its gains versus the US currency and euro on the money market on Tuesday, dealers said. The rupee fell sharply against dollar, losing 27 paisa for buying at 85.78 and it also shed 26 paisa for selli
Published 19 Jan, 2011 12:00am
De-weaponisation bill presented in Senate

De-weaponisation bill presented in Senate

Following its introduction in the National Assembly, Muttahida Qaumi Movement (MQM) on Tuesday submitted The De-Weaponisation of Pakistan Bill, 2011 with the Senate Secretariat, urging all political forces to support the Bill in the Parliament.
Published 19 Jan, 2011 12:00am
ADB to lend International Power $100 million for gas-fired plant

ADB to lend International Power $100 million for gas-fired plant

The Asian Development Bank (ADB) said on Tuesday it will lend up to $100 million to UK-based International Power PLC to build a Pakistani gas-fired plant to help address the country's energy crisis. The 404-megawatt power plant in Balochistan is scheduled
Published 19 Jan, 2011 12:00am
ADB to lend International Power $100 million for gas-fired plant

ADB to lend International Power $100 million for gas-fired plant

The Asian Development Bank (ADB) said on Tuesday it will lend up to $100 million to UK-based International Power PLC to build a Pakistani gas-fired plant to help address the country's energy crisis. The 404-megawatt power plant in Balochistan is scheduled
Published 19 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 18, 2011).

Published 19 Jan, 2011 12:00am
ADB to lend International Power $100 million for gas-fired plant

ADB to lend International Power $100 million for gas-fired plant

The Asian Development Bank (ADB) said on Tuesday it will lend up to $100 million to UK-based International Power PLC to build a Pakistani gas-fired plant to help address the country''s energy crisis. The 404-megawatt power plant in Balochistan is schedule
Published 19 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 18, 2011).

Published 19 Jan, 2011 12:00am
Lebanon tribunal charges under wraps as tensions rise

Lebanon tribunal charges under wraps as tensions rise

The tribunal set up to try the killers of Lebanese ex-premier Rafiq Hariri insisted Tuesday on keeping its first indictment under wraps as fears of violence rose on the streets of Beirut. The prosecutor of the Special Tribunal for Lebanon warned that spec
Published 19 Jan, 2011 12:00am
Lebanon tribunal charges under wraps as tensions rise

Lebanon tribunal charges under wraps as tensions rise

The tribunal set up to try the killers of Lebanese ex-premier Rafiq Hariri insisted Tuesday on keeping its first indictment under wraps as fears of violence rose on the streets of Beirut. The prosecutor of the Special Tribunal for Lebanon warned that spec
Published 19 Jan, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (January 18, 2011).

Published 19 Jan, 2011 12:00am
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