BR100 Decreased By (-0.08%)
BR30 Increased By (0.08%)
KSE100 Decreased By (-0.11%)
KSE30 Decreased By (-0.2%)
AGHA 7.53 Decreased By ▼ -0.10 (-1.31%)
BECO 5.11 Decreased By ▼ -0.46 (-8.26%)
BML 58.30 Decreased By ▼ -1.44 (-2.41%)
BOP 34.58 Increased By ▲ 0.18 (0.52%)
CNERGY 13.68 Increased By ▲ 0.57 (4.35%)
CSIL 6.30 Decreased By ▼ -0.11 (-1.72%)
FCCL 57.55 Decreased By ▼ -0.51 (-0.88%)
FFL 16.50 Increased By ▲ 0.27 (1.66%)
FNEL 1.20 Decreased By ▼ -0.01 (-0.83%)
KEL 7.36 Decreased By ▼ -0.07 (-0.94%)
KOSM 5.98 Decreased By ▼ -0.05 (-0.83%)
LOTCHEM 27.51 Decreased By ▼ -0.16 (-0.58%)
MLCF 101.93 Decreased By ▼ -0.82 (-0.8%)
NBP 203.29 Decreased By ▼ -1.77 (-0.86%)
NCPL 60.47 Increased By ▲ 0.84 (1.41%)
NPL 69.80 Increased By ▲ 1.24 (1.81%)
OGDC 318.48 Decreased By ▼ -0.44 (-0.14%)
PACE 11.12 Increased By ▲ 0.07 (0.63%)
PAEL 42.86 Decreased By ▼ -0.24 (-0.56%)
PIBTL 16.72 Increased By ▲ 0.09 (0.54%)
PPL 230.62 Increased By ▲ 1.17 (0.51%)
PRL 76.73 Increased By ▲ 5.93 (8.38%)
PTC 71.18 Increased By ▲ 0.18 (0.25%)
SSGC 27.10 Decreased By ▼ -0.31 (-1.13%)
TBL 10.28 Decreased By ▼ -0.03 (-0.29%)
TELE 8.56 Increased By ▲ 0.03 (0.35%)
TPL 23.59 Increased By ▲ 0.53 (2.3%)
TPLP 15.45 Decreased By ▼ -0.31 (-1.97%)
TREET 24.51 Decreased By ▼ -0.20 (-0.81%)
TRG 60.09 Decreased By ▼ -0.20 (-0.33%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Archive - 2011-01-27
United Fed stands firm on stimulus
Top News

United Fed stands firm on stimulus

WASHINGTON: Top Federal Reserve policymakers unanimously agreed to keep crisis measures in place when they met Wednesday
Published 27 Jan, 2011 04:41pm
Reserves jump to record $17.3 bln
Top News

Reserves jump to record $17.3 bln

KARACHI: Foreign exchange reserves rose to a record $17.30 billion in the week ending Jan. 22, up from $17.28 billion th
Published 27 Jan, 2011 04:38pm
Tech Mahindra sees margins pressured
Top News

Tech Mahindra sees margins pressured

DAVOS,(Switzerland): Tech Mahindra, India's No.5 IT outsourcing firm, faces a challenge to maintain margins at about 22
Published 27 Jan, 2011 04:04pm
iraq bomb blast
Middle East

iraq bomb blast

BAGHDAD: A car bomb ripped through a funeral ceremony in a Shia neighbourhood of Baghdad on Thursday, killing 15 people
Published 27 Jan, 2011 12:01pm
Economic sovereignty at risk
BR Research

Economic sovereignty at risk

While the IMF forecasts emerging economies, notably China and India, to drive the global growth, Pakistans economic sovereignty is facing se
Published 27 Jan, 2011 12:00am
KESC has more cards to play
BR Research

KESC has more cards to play

You would generally expect to see a beautifully carved company logo, mascot or other symbolic object right in front of the offices of a comp
Published 27 Jan, 2011 12:00am
Lotte PTA safe and sound
BR Research

Lotte PTA safe and sound

Pakistans sole PTA manufacturer, Lotte Pakistan PTA Ltd, should thank its lucky stars for being acquired by the Lotte Group. Since the acqui
Published 27 Jan, 2011 12:00am
Fed unanimous on need for continued stimulus

Fed unanimous on need for continued stimulus

US Federal Reserve policymakers unanimously agreed to keep crisis measures in place when they met Wednesday, batting away fears their policies risked stoking inflation. A revamped Federal Open Market Committee - the Fed''s interest-rate setting panel - en
Published 27 Jan, 2011 12:00am
Economic reforms agenda: PPP and PML-N fail to make any progress

Economic reforms agenda: PPP and PML-N fail to make any progress

Pakistan People's Party (PPP) and Pakistan Muslim League (Nawaz) Wednesday failed to make any progress on economic reforms agenda ahead of critical negotiations with the International Monetary Fund (IMF) on $11.3 billion Stand-By-Arrangement (SBA).
Published 27 Jan, 2011 12:00am
Economic reforms agenda: PPP and PML-N fail to make any progress

Economic reforms agenda: PPP and PML-N fail to make any progress

Pakistan People's Party (PPP) and Pakistan Muslim League (Nawaz) Wednesday failed to make any progress on economic reforms agenda ahead of critical negotiations with the International Monetary Fund (IMF) on $11.3 billion Stand-By-Arrangement (SBA).
Published 27 Jan, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 27 Jan, 2011 12:00am
Economic reforms agenda: PPP and PML-N fail to make any progress

Economic reforms agenda: PPP and PML-N fail to make any progress

Pakistan People''s Party (PPP) and Pakistan Muslim League (Nawaz) Wednesday failed to make any progress on economic reforms agenda ahead of critical negotiations with the International Monetary Fund (IMF) on $11.3 billion Stand-By-Arrangement (SBA).
Published 27 Jan, 2011 12:00am
FIA summons Moonis Elahi for investigation

FIA summons Moonis Elahi for investigation

Federal Investigation Agency (FIA) has summoned Moonis Elahi, son of former Chief Minister Punjab Parvez Elahi, to investigate National Insurance Company Limited (NICL) case. Moonis was allegedly involved in facilitating one of the land deals of the NICL
Published 27 Jan, 2011 12:00am
FIA summons Moonis Elahi for investigation

FIA summons Moonis Elahi for investigation

Federal Investigation Agency (FIA) has summoned Moonis Elahi, son of former Chief Minister Punjab Parvez Elahi, to investigate National Insurance Company Limited (NICL) case. Moonis was allegedly involved in facilitating one of the land deals of the NICL
Published 27 Jan, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 27 Jan, 2011 12:00am
'Resolution of Kashmir issue vital for peace in South Asia'

'Resolution of Kashmir issue vital for peace in South Asia'

Amir Jamaat-e-Islami Azad Jammu and Kashmir Abdul Rashid Turabi has said that "Kashmir Solidarity Day" would be observed with usual zeal and enthusiasm on 5th February. Addressing All Parties Kashmir Conference he said that Kashmir is a key of peace and p
Published 27 Jan, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Jan, 2011 12:00am
UVAS AGL team acquires expertise to offer genetic testing service

UVAS AGL team acquires expertise to offer genetic testing service

The University of Veterinary and Animal Sciences (UVAS) Animal Genetics Lab (AGL) has completed a state of the art set up and optimised the testing techniques for clinical cytogenetic analysis to offer cytogenetic diagnostic/testing services to livestock
Published 27 Jan, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Jan, 2011 12:00am
EC issues directives for holding by-poll in PK 87

EC issues directives for holding by-poll in PK 87

Provincial Election Commissioner on Wednesday issued directives to the presiding officers for taking all necessary measures to ensure transparency and neutrality in the by-election to be held on January 29 in constituency PK 87 Shangla.
Published 27 Jan, 2011 12:00am
ATC adjourns Benazir's muder case to February 7

ATC adjourns Benazir's muder case to February 7

An Anti-Terrorist Court (ATC) No-III Rawalpindi adjourned the hearing of bail application of former City Police Officer (CPO) Saud Aziz and former Superintendent Police Rawal Town Khurram Shahzad in Benazir Bhutto murder case here on Wednesday.
Published 27 Jan, 2011 12:00am
Gates and Gulf prince pay for Afghan, Pakistan jabs

Gates and Gulf prince pay for Afghan, Pakistan jabs

Bill Gates and the Crown Prince of Abu Dhabi pledged $100 million on Wednesday to deliver vaccines to children in Afghanistan and Pakistan. The Bill & Melinda Gates Foundation and Sheikh Mohammed bin Zayed al-Nahayan will each give $50 million to provide
Published 27 Jan, 2011 12:00am
Kuwait supply one million tons of cracked fuel oil

Kuwait supply one million tons of cracked fuel oil

State-owned Kuwait Petroleum Corp, or KPC, has concluded a long-term contract to supply one million metric tons of cracked fuel oil to Pakistan, Kuwait-based An Nahar Daily reported on Wednesday. Pakistan will use the fuel oil to operate its power generat
Published 27 Jan, 2011 12:00am
Government borrowing reduced to Rs 155 billion: Kardar

Government borrowing reduced to Rs 155 billion: Kardar

State Bank of Pakistan Governor Shahid Kardar on Wednesday said the government borrowing for the current fiscal year has been reduced to Rs 155 billion. Talking to media after giving a briefing to the economic committees of Pakistan People's Party (PPP) a
Published 27 Jan, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (January 26, 2011).

Published 27 Jan, 2011 12:00am
Nawaz convenes party's high level meeting today

Nawaz convenes party's high level meeting today

Pakistan Muslim League-Nawaz (PML-N) chief Nawaz Sharif has convened party's high level meeting on Thursday to be briefed on the progress made so far on his 10-point reforms agenda forwarded to the government, giving it 45 days to implement it, otherwise
Published 27 Jan, 2011 12:00am
LHC issues notices to Chairman NHA, Evolves Company

LHC issues notices to Chairman NHA, Evolves Company

The Lahore High Court (LHC) here on Wednesday issued notice to Chairman National Highways Authority (NHA) and Evolves Company and sought reply within three weeks in a petition filed by one Muhammad Imran Chohan alleging NHA of kickbacks and massive corrup
Published 27 Jan, 2011 12:00am
Rs 231 billion bids for MTBs

Rs 231 billion bids for MTBs

Heavy precipitation was witnessed in auction of government of Pakistan Market Treasury Bills (MTBs), as overall Rs 231 billion worth bids were received for sale of 3-, 6- and 12-month T-bills. The State Bank of Pakistan (SBP) on Wednesday accepted Rs 194.
Published 27 Jan, 2011 12:00am
Rs 231 billion bids for MTBs

Rs 231 billion bids for MTBs

Heavy precipitation was witnessed in auction of government of Pakistan Market Treasury Bills (MTBs), as overall Rs 231 billion worth bids were received for sale of 3-, 6- and 12-month T-bills. The State Bank of Pakistan (SBP) on Wednesday accepted Rs 194.
Published 27 Jan, 2011 12:00am
Three workers die due to toxic gas

Three workers die due to toxic gas

Some three workers on Wednesday were suffocated due to lethal gas in a water tank in the limits of Mehmoodabad police station. According to police, three workers died while cleaning 40ft long water tank of a house located in the Parsi Colony in the limits
Published 27 Jan, 2011 12:00am
Funeral prayers of martyred cops offered

Funeral prayers of martyred cops offered

The funeral prayers of policemen, who were killed in Tuesday's bomb blast, was held on Wednesday at Police Headquarters, Garden. IG Sindh police Sultan Salahuddin Babar Khattak met the families of PC Kamran Qureshi, PC Imran and PC Mushtaq, who were kille
Published 27 Jan, 2011 12:00am
Zardari stresses gene revolution in major agriculture crops

Zardari stresses gene revolution in major agriculture crops

President Asif Ali Zardari has said that time has come that we move from green revolution to gene revolution and called upon the scientists to conduct research on genetic diversity on the country's major crops wheat, rice and cotton so as to produce disea
Published 27 Jan, 2011 12:00am
THE RUPEE: dollar slides further

THE RUPEE: dollar slides further

The rupee maintained its firmness against dollar on the currency market on Wednesday, dealers said. The rupee picked up six paisa versus dollar for buying at 85.84 and rose by five paisa for selling at 85.88, they said.
Published 27 Jan, 2011 12:00am
THE RUPEE: dollar slides further

THE RUPEE: dollar slides further

The rupee maintained its firmness against dollar on the currency market on Wednesday, dealers said. The rupee picked up six paisa versus dollar for buying at 85.84 and rose by five paisa for selling at 85.88, they said.
Published 27 Jan, 2011 12:00am
PSRMA concerned over PSM's price mechanism

PSRMA concerned over PSM's price mechanism

Pakistan Steel Re-Rolling Mills Association (PSRMA) has urged Pakistan Steel Mill to bring the price difference between 150mm x 150mm and 100mm x 100mm billets at par. In a press release the association noted that Pakistan Steel Mill price list effective
Published 27 Jan, 2011 12:00am
Pir Karam Ali Shah appointed Gilgit-Baltistan Governor

Pir Karam Ali Shah appointed Gilgit-Baltistan Governor

The Federal government has appointed Pir Karam Ali Shah Governor Gilgit-Baltistan after four months of the demise of former governor Dr Shamma Khalid, who died of cancer. A formal notification had been issued in this regard and necessary protocol had been
Published 27 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 26, 2011).

Published 27 Jan, 2011 12:00am
Rs 4.2 billion provided for Rabi assistance package

Rs 4.2 billion provided for Rabi assistance package

The Federal Government has provided Rs 4.2 billion as "Rabi Assistance Package" on the basis of 50:50 ratios of federal and provincial shares for supply of free seed and fertiliser to flood affected areas.
Published 27 Jan, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 26, 2011).

Published 27 Jan, 2011 12:00am
Hina makes attempt to convince opposition: opposition against RGST

Hina makes attempt to convince opposition: opposition against RGST

Minister of State for Finance Hina Rabbani Khar on Tuesday made another try to convince those opposing RGST when attention of the lower house was drawn to the fact that some 10,000 traders from 34 posh markets of the country had paid merely Rs 704 million
Published 27 Jan, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (January 26, 2011).

Published 27 Jan, 2011 12:00am
Daring cop after killing carjacker, dies at hospital

Daring cop after killing carjacker, dies at hospital

A police constable though stabbed grievously by a carjacker on Wednesday shot the culprit dead, and afterwards breathed his last in Pakistan Institute of Medical Sciences (PIMS) in the jurisdiction of Sabzi Mandi Police Station in a failed car lifting att
Published 27 Jan, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (January 26, 2011) and for Thursday (January 27, 2011).
Published 27 Jan, 2011 12:00am
Workshop on education for managing hydrological extremes held

Workshop on education for managing hydrological extremes held

When it comes to the situation of water resources, their management and utilisation the case is not that the disaster will come, rather the disaster is already there and it is now up to us that how we respond to this challenge and educate various levels o
Published 27 Jan, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (January 26, 2011).

Published 27 Jan, 2011 12:00am
Lotte Pakistan PTA profit increases to Rs 4.527 billion

Lotte Pakistan PTA profit increases to Rs 4.527 billion

The profit after tax of Lotte Pakistan PTA has increased to Rs 4.527 billion in the year ended December 31, 2010 as compared to Rs 3.573 billion earned in the year 2009. The earning per share of the company increased to Rs 2.99 for the period under review
Published 27 Jan, 2011 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (January 26, 2011).

Published 27 Jan, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 27 Jan, 2011 12:00am
Over $1 billion needed to revive Swat agriculture sector

Over $1 billion needed to revive Swat agriculture sector

Over $1 billion is needed for the revival of agriculture sector in the war-hit and flood ravaged Swat valley, said agriculture experts on Wednesday. They expressed concerns that the growing political interference had left a huge number of deserved farmers
Published 27 Jan, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 27 Jan, 2011 12:00am
Transfers, postings

Transfers, postings

The Lahore High Court (LHC) here on Wednesday has made transfers and postings among two District & Sessions Judges (D&SJs) and four Additional District & Sessions Judges (AD&SJs) in public interest. According to a notification issued here by LHC Registrar
Published 27 Jan, 2011 12:00am
Van plunge claims five lives in Poonch

Van plunge claims five lives in Poonch

At least five people killed and 10 others wounded when a passenger van plunged into a gorge in Poonch district of Azad Jammu and Kashmir (AJK) on Wednesday. The crash took place in Hajeera village of Poonch district, killing five people instantly, private
Published 27 Jan, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (January 26, 2011).

Published 27 Jan, 2011 12:00am
Imposition of WHT: agriculture commodities traders convene meeting

Imposition of WHT: agriculture commodities traders convene meeting

Arhtis and traders of agriculture commodities have called a meeting on Thursday (today) to look into the issue of imposition of 3.5 percent Withholding Tax (WHT) on agriculture produce. President Anjuman Arhtian Lahore, Ijaz Chaudhry said here on Wednesda
Published 27 Jan, 2011 12:00am
The Weather

The Weather

The weather report on Wednesday (January 26, 2011) and the forecast for Thursday (January 27, 2011).

Published 27 Jan, 2011 12:00am
Appointment of consultant: Byco accuses PSO of delay tactics

Appointment of consultant: Byco accuses PSO of delay tactics

Byco refinery has reportedly accused Pakistan State Oil (PSO) of delaying the appointment of a consultant for Asia Petroleum Limited (APL) pipeline despite clear directions from the Ministry of Petroleum, well-informed sources told Business Recorder</i
Published 27 Jan, 2011 12:00am
US delegation meets Hafeez

US delegation meets Hafeez

Senior Adviser to US President and Senior Director for Economy, David Lipton along with a delegation of officials on Wednesday met with the Federal Minister for Finance and Economic Affairs, Dr Abdul Hafeez Shaikh. The Adviser and his team were given a de
Published 27 Jan, 2011 12:00am
'Make economic development a priority'

'Make economic development a priority'

Ijtihad is need of the hour without it Muslims cannot advance in modern world, as socio-economic injustice breeds hatred and extremist ideals in society owing to different interpretation of Islamic injunctions by Muslim world. This was the gist of the pap
Published 27 Jan, 2011 12:00am
Funeral prayers of three martyred cops offered

Funeral prayers of three martyred cops offered

Namaz-e-Janaza of three policemen who laid down their lives in the suicide attack at the Urdu Bazaar was offered here at Police Lines Qila Gujjar Singh on Wednesday. The Punjab Governor Sardar Latif Khosa, Chief Minister Shahbaz Sharif, IGP Punjab Javed I
Published 27 Jan, 2011 12:00am
LCCI felicitates new PIAF office bearers

LCCI felicitates new PIAF office bearers

The Lahore Chamber of Commerce and Industry (LCCI) has congratulated the newly elected office-bearers of Pakistan Industrial and Traders Associations Front (PIAF) and hoped that they would make all efforts to resolve the problems being faced by the busine
Published 27 Jan, 2011 12:00am
UHS declares BDS final results

UHS declares BDS final results

University of Health Sciences (UHS) has on Wednesday announced the results of final professional BDS annual examination. A total of 284 candidates from 05 affiliated dental colleges appeared in the exam out of which 197 passed and 67 failed. Result of 20
Published 27 Jan, 2011 12:00am
Gas supply to over 600 units remains suspended

Gas supply to over 600 units remains suspended

Gas supply to more than 600 industrial units in Faisalabad Region remained suspended on fourth consecutive day on Wednesday under the Gas Load Management (GLM) schedule, while 100,000 power looms remained closed since last month due to non-availability of
Published 27 Jan, 2011 12:00am
UK Parliamentary team meets chief minister Punjab

UK Parliamentary team meets chief minister Punjab

A 5-member British Parliamentary delegation led by Roger Gale met Punjab Chief Minister Shahbaz Sharif, here on Wednesday. The Chief Minister apprised the delegation of the war against terrorism, law and order in the province, training of police on modern
Published 27 Jan, 2011 12:00am
NICL petitions: LHC adjourns hearing to February 2

NICL petitions: LHC adjourns hearing to February 2

The Lahore High Court (LHC) here on Wednesday adjourned to February 02 next the hearing of bail petitions of six accused of National Insurance Corporation Limited (NICL) scam including Major and former defence minister Habibullah Warraich (Retd), as couns
Published 27 Jan, 2011 12:00am
Police arrest six car lifters

Police arrest six car lifters

The Anti Vehicles Lifting Staff of Saddar and City Division Lahore have arrested six car lifters of Qadeer Hussain and Waris Masih Car lifter gangs including its ringleaders, and recovered 10 cars and two rickshaws worth rupees 48 lakh and 50 thousand fro
Published 27 Jan, 2011 12:00am
Lahore bomb blast: IG forms inquiry committee

Lahore bomb blast: IG forms inquiry committee

The IG Punjab Javed Iqbal constituted an inquiry committee on Wednesday to probe the bomb blast at the Urdu Bazaar. Meanwhile, the funeral prayers of four martyred police officers were offered in Lahore. The IGP attended the prayers. Talking to media on t
Published 27 Jan, 2011 12:00am
War against terrorism to continue: Kaira

War against terrorism to continue: Kaira

Punjab Finance Minister Tanvir Ashraf Kaira has on Wednesday said that terrorists cannot defeat their commitment against war on terrorism by creating anarchy in the country and war against terrorism would be continued till the elimination of last terroris
Published 27 Jan, 2011 12:00am
Raja Riaz visits blast victims

Raja Riaz visits blast victims

Senior Provincial Minister Raja Riaz Ahmad visited Mayo Hospital to enquire about health of the victims of the blast. He met police officials and other injured ones admitted there and prayed for their early recovery. MS Mayo Hospital Dr Zahid Pervaiz and
Published 27 Jan, 2011 12:00am
UK parliamentary delegation meets Speaker Punjab Assembly

UK parliamentary delegation meets Speaker Punjab Assembly

A six-member parliamentary delegation of Common Wealth Parliamentary Association (UK Branch) led by Roger Gale MP, House of Commons, UK met Speaker Punjab Assembly Rana Muhammad Iqbal here on Wednesday at assembly chambers. Senior parliamentarians were pr
Published 27 Jan, 2011 12:00am
PIAF outlines road map for economic revival

PIAF outlines road map for economic revival

While giving a roadmap for the revival of economy for the year 2011, the Pakistan Industrial and Traders Associations Front (PIAF) Wednesday emphasised to utilise all available resources and motivate all segments of the society for turning the economy aro
Published 27 Jan, 2011 12:00am
Moonis Elahi escaped with connivance of influential persons: PML-N

Moonis Elahi escaped with connivance of influential persons: PML-N

Reacting to fleeing of PML-Q leader Chaudhry Moonis Elahi prior to be listed on Exit Control List (ECL), Pakistan Muslim League-Nawaz leader and Parliamentary Secretary Dr Saeed Elahi, has said that Moonis Elahi son of former Chief Minister Punjab Chaudhr
Published 27 Jan, 2011 12:00am
Government urged to review its policies

Government urged to review its policies

Regional Chairman, Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Mian Muhammad Tariq Shafi while expressing his concern over the deteriorating law and order situation in the country has demanded of the government to provide relief to th
Published 27 Jan, 2011 12:00am
'All rights of Chiniot-Rajoa iron ore project are with government'

'All rights of Chiniot-Rajoa iron ore project are with government'

A spokesman of Mines and Minerals Department Punjab has said all rights and titles of Chiniot - Rajoa iron ore project are with the government of Punjab and nothing is entrusted to anyone except the consultancy services. According to an official handout,
Published 27 Jan, 2011 12:00am
Need for achieving export target stressed

Need for achieving export target stressed

Chairman, Pakistan Hosiery Manufacturers & Exporters Association (PHMA) North Zone, Chaudhry Salamat Ali stressed the need for integration and co-ordination among various organisations for achieving national export targets.
Published 27 Jan, 2011 12:00am
FFC, Agritech merger: CCP issues conditional 'no objection'

FFC, Agritech merger: CCP issues conditional 'no objection'

The Competition Commission of Pakistan (CCP) on Wednesday issued conditional no objection to the bidding by Fauji Fertiliser Company Limited (FFC) for the proposed acquisition of 75 percent to 79.87 percent shares of Agritech Limited. The CCP bench which
Published 27 Jan, 2011 12:00am
Kashmiris observe India's Republic Day as 'Black Day'

Kashmiris observe India's Republic Day as 'Black Day'

Kashmiri people living on both sides of Line of Control and across the world on Wednesday observed the Indian Republic Day as 'Black Day' on Wednesday to protest Indian occupation and apprise the international community of their responsibility regarding i
Published 27 Jan, 2011 12:00am
PTCL data centres internationally recognised

PTCL data centres internationally recognised

Pakistan Telecommunication Company LTD (PTCL) understanding the rapidly changing business environment and its growing reliance upon automation has introduced regions largest Data Centers in Karachi and Lahore.
Published 27 Jan, 2011 12:00am
Some 'outsiders' attacking innocent people in Pakistan: Munter

Some 'outsiders' attacking innocent people in Pakistan: Munter

While discussing the issues related to war against terrorists and US civilian assistance with students, US Ambassador Cameron Munter said that there were some 'outsiders' in Pakistan who were attacking innocent people, says a press release received here o
Published 27 Jan, 2011 12:00am
'PIA wants to provide its valued passengers more destinations'

'PIA wants to provide its valued passengers more destinations'

Joint Ventures and Commercial Alliances between airlines expand their network thereby creating better revenue prospects and creation of jobs. This was stated by Managing Director PIA, Captain Muhammad Aijaz Haroon while addressing the employees at the air
Published 27 Jan, 2011 12:00am
India prevents defiant flag-raising in held Kashmir

India prevents defiant flag-raising in held Kashmir

Thousands of policemen in held Kashmir have prevented both Hindu nationalists and Jammu Kashmir Liberation Front from raising flags for their respective causes on India's national day. The divided Himalayan region is home to a long-running separatist insu
Published 27 Jan, 2011 12:00am
Sindh faces acute hunger: Unicef

Sindh faces acute hunger: Unicef

Sindh province, hit hard by last year's floods, is suffering levels of malnutrition almost as critical as Chad and Niger, with hundreds of thousands of children at risk, Unicef said on Wednesday. A survey conducted by the provincial government and the UN
Published 27 Jan, 2011 12:00am
Lahore, Karachi blasts condemned

Lahore, Karachi blasts condemned

Chairman Senate Farooq H Naik and Deputy Chairman Senate Jan Muhammad Jamali condemned the bomb blasts at Bhati Gate near Lahore Urdu Bazar Chowk and near Maler Kalabot Karachi in which number of people died and many injured. In their separate condolence
Published 27 Jan, 2011 12:00am
Victory in fight against terrorism imminent: Asfandyar

Victory in fight against terrorism imminent: Asfandyar

Central President of Awami National Party (ANP), Asfandyar Wali Khan said that bleak night in the wake of increasing trend of extremism is going to end very soon as victory in fight against terrorism is imminent. He expressed these views here on Wednesday
Published 27 Jan, 2011 12:00am
Transfers, postings in Khyber Pakhtunkhwa

Transfers, postings in Khyber Pakhtunkhwa

The provincial government of Khyber Pakhtunkhwa Wednesday transferred Muhammad Farooq (PCS EG BS-18) Programme Manager DRU Abbottabad and posted him as District Officer (Finance) Abbottabad against the vacant post. Similarly, the provincial government has
Published 27 Jan, 2011 12:00am
Former military secretary to Benazir Bhutto calls on President

Former military secretary to Benazir Bhutto calls on President

Lieutenant General Abdul Qayyum (Retd), former Military Secretary to Shaheed Mohtarma Benazir Bhutto and former Chairman of Pakistan Steel Mills on Wednesday paid a courtesy call on President Asif Ali Zardari at the Aiwan-e-Sadr.
Published 27 Jan, 2011 12:00am
Peshawar-grown vegetables found contaminated

Peshawar-grown vegetables found contaminated

Vegetables and agriculture crops grown in Peshawar city are three times more contaminated than the World Health Organisation (WHO) standards and are extremely toxic, resultantly causing severe nervous breakdown, lethargy besides being a causative factor o
Published 27 Jan, 2011 12:00am
Khyber Pakhtunkhwa bans acquisition of agriculture lands

Khyber Pakhtunkhwa bans acquisition of agriculture lands

The Senior Member Board of Revenue has issued instructions to all government departments to stop acquisition of agricultural land for construction of buildings. He has issued these instructions through a letter addressed to all the administrative Secretar
Published 27 Jan, 2011 12:00am
PHMA members meet US apparel show president

PHMA members meet US apparel show president

Saleem Parekh, Central Chairman; Junaid Makda, Chairman SZ and the members of Pakistan Hosiery Manufacturers & Exporters Association (PHMA) had a meeting with David Pennes, President, Apparel Show, USA and Hadi Salahuddin, Chief Executive Officer, Messe F
Published 27 Jan, 2011 12:00am
ACCA organises Talent Gymnasium event

ACCA organises Talent Gymnasium event

Association of Chartered Certified Accountants (ACCA) Pakistan organised Talent Gymnasium, an exciting event that served as a unique platform for dual objectives of honing professional skills of finance and accounting trainees and bringing together ACCA's
Published 27 Jan, 2011 12:00am
Right or downsizing in Balochistan cabinet not on the cards

Right or downsizing in Balochistan cabinet not on the cards

Balochistan Minister for Excise and Taxation and PPP leader, Amin Umrani has said that there was nothing on cards regarding the rightsizing or downsizing in the Balochistan cabinet as the provincial cabinet have been pursuing the austerity measures underl
Published 27 Jan, 2011 12:00am
CoAS visits Kharian Garrison, addresses officers

CoAS visits Kharian Garrison, addresses officers

The Chief of Army Staff (CoAS), General Ashfaq Parvez Kayani visited Kharian Cantonment on Wednesday, said a press release. The CoAS addressed the officers of Kharian Garrison and talked about the ongoing military operations to restore normalcy in terrori
Published 27 Jan, 2011 12:00am
Flood rehabilitation

Flood rehabilitation

Citi and the Citi Foundation have joined hands with the Pakistan Micro-finance Network (PMN)to launch Phase II of their flood relief efforts. Citi, the Citi Foundation and Citi Alumni have contributed over $425,000 towards the recent flooding disaster in
Published 27 Jan, 2011 12:00am
ICAP organises seminar on Professional Ethics in Practice

ICAP organises seminar on Professional Ethics in Practice

The Southern Regional Committee of the Institute of Chartered Accountants of Pakistan (ICAP) recently organised a Seminar on 'Professional Ethics in Practice - Alarming Trend". Masoud Ali Khan, Fellow member of the Institute of Cost & Management Accountan
Published 27 Jan, 2011 12:00am
High interest rate, law and order, energy crisis challenging issues: ABC

High interest rate, law and order, energy crisis challenging issues: ABC

The American Business Council of Pakistan (ABC) has said that increasing interest rate, prevailing law and order situation and energy crisis are some of the key challenges for business activities in the country. The American Business Council of Pakistan (
Published 27 Jan, 2011 12:00am
Pakistan's border with Iran reopened

Pakistan's border with Iran reopened

Iran has reopened Zero point at Taftan border on Wednesday after its closure for five months, official sources said. Zero point, a trade gate between Pakistan and Iran was closed following the deadly blast in mosque in Seestan province of Iran on 15 July,
Published 27 Jan, 2011 12:00am
Finance, business moot held

Finance, business moot held

Irfan Munawer Gill, Deputy Director of the Securities and Exchange Commission of Pakistan (SECP), has presented an exceptional paper titled, 'A Road to Financial Stability' at the Las Vegas Global Conference on Business and Finance. The conference was a m
Published 27 Jan, 2011 12:00am
SBP organises workshop on 'Home remittance, business roles'

SBP organises workshop on 'Home remittance, business roles'

The State Bank of Pakistan (SBP) Peshawar in collaboration with the Pakistan Remittance Initiative (PRI) organised workshop on 'Home and Remittance Business Roles and Responsibilities' in Peshawar on Wednesday. The PRI is a joint initiative of the State B
Published 27 Jan, 2011 12:00am
Burhani Trust Expo to open from January 28

Burhani Trust Expo to open from January 28

Burhani Trust is holding Burhani Centennial Trade Expo at Expo Centre Karachi from Friday (tomorrow). The exhibition will conclude on January 30th. The purpose of this event is to felicitate Syedna Burhanuddin Sahib on his 100th birthday and to promote th
Published 27 Jan, 2011 12:00am
MCC Islamabad destroys huge quantity of drugs, seized items

MCC Islamabad destroys huge quantity of drugs, seized items

Model Customs Collectorate (MCC), Islamabad on Wednesday destroyed huge quantity of foreign origin liquor, banned goods/medicines, smuggled cigarettes, pirated CDs and other banned items. On the occasion of the International Customs Day (ICD), MCC Islamab
Published 27 Jan, 2011 12:00am
PAC and land Occupation

PAC and land Occupation

The Public Accounts Committee (PAC), under the chairmanship of the Leader of the Opposition Chaudhry Nisar Ali Khan, has directed the ministries of defence and interior to explain their position with respect to over 1000 acres of Pakistan Railways (PR) la
Published 27 Jan, 2011 12:00am
Nooriabad bus tragedy

Nooriabad bus tragedy

The death of 33 bus passengers in collision with an oil tanker near Nooriabad on the Super Highway late on Sunday night has brought into sharper focus the perils of unsafe road travel. The bus driver and his cleaner have, as usual, made good their escape.
Published 27 Jan, 2011 12:00am
VIEW POINT: Palestinian Authority leaders' moment of shame

VIEW POINT: Palestinian Authority leaders' moment of shame

With the release of the "Palestine Papers" - the equivalent of WikiLeaks - it is now the turn of the Palestinian Authority leaders to face public embarrassment. Described as the most important leak in the history of the Arab-Israeli conflict, the papers c
Published 27 Jan, 2011 12:00am
Learning lessons from Tunisia's market failure

Learning lessons from Tunisia's market failure

It all started in a Tunisia's small town named Sidi. A suicide by self-immolation of a college-educated street vendor Bouzid took place, blaming the Tunisian government of the existence of wide inequality and of failing domestic market. In this episode, t
Published 27 Jan, 2011 12:00am
Spain steps up reforms to ward off bailout

Spain steps up reforms to ward off bailout

Spain is stepping up economic reforms aimed at warding off an international bailout that could threaten the stability of the euro. In the latest such move, the government announced that it was accelerating a sweeping overhaul of the country's savings bank
Published 27 Jan, 2011 12:00am
Illegal foreigners

Illegal foreigners

Millions of foreigners are residing illegally and no one is bothered about their overstay. This negligence is creating social problems, besides law and order issue. Alone in Karachi, it is said more than 2.5 million people are living illegally. Not only t
Published 27 Jan, 2011 12:00am
US MIDDAY: gold stays lower

US MIDDAY: gold stays lower

Gold fell for a fifth day on Wednesday ahead of a US Federal Reserve policy decision, while a record outflow from the largest exchange-traded bullion fund kept prices near Tuesday's three-month low. The SPDR Gold Trust, the world's biggest gold-backed ETF
Published 27 Jan, 2011 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

Copper prices closed higher on Wednesday as a steadier tone in US equities enabled the metal to recover from Tuesday's one-month low, but Asian demand jitters held the gains in check. COMEX March copper on the New York Mercantile Exchange settled up 4.10
Published 27 Jan, 2011 12:00am
US MIDDAY: grains higher

US MIDDAY: grains higher

Chicago Board of Trade grain futures were higher on Wednesday, with wheat leading the way amid strong export sales and news that Algeria is aggressively seeking wheat imports, traders said. Front-month wheat futures were up more than 2 percent, and forged
Published 27 Jan, 2011 12:00am
US MIDDAY: cocoa climbs

US MIDDAY: cocoa climbs

Cocoa futures on ICE touched a fresh one-year peak early on Wednesday, as six major exporters adhered to a call for a cocoa export ban from Ivory Coast and new sales offers from the top grower wound down. Arabica coffee futures soared as high as 3.9 perce
Published 27 Jan, 2011 12:00am
Gold eases in Europe

Gold eases in Europe

Gold eased on Wednesday ahead of a US Federal Reserve policy decision later in the day, while a record outflow from the largest exchange-traded bullion fund kept prices near Tuesday's three-month low. The SPDR Gold Trust, the world's biggest gold-backed E
Published 27 Jan, 2011 12:00am
US gold falls

US gold falls

Gold fell for a fourth straight day on Tuesday, putting the metal on track for its first monthly drop since August, as selling in gold exchange traded funds (ETF) further undermined investor demand for bullion. Investor sentiment towards gold has soured i
Published 27 Jan, 2011 12:00am
Gold steadies in Asia

Gold steadies in Asia

Spot gold prices held steady on Wednesday, off a three-month low hit in the previous session, supported by strong physical demand in Asia, as investors await the US Federal Reserve's rate decision and more economic data for direction. Spot gold was little
Published 27 Jan, 2011 12:00am
Liffe sugar up

Liffe sugar up

Liffe March white sugar closes $17.60 higher at $799.10 per tonne on Wednesday after raw sugar futures surged on fund buying. Markets focus on a potential early cut in the import duty in Russia, a key sugar consumer, which would boost demand.
Published 27 Jan, 2011 12:00am
US soyabeans post biggest loss in two months

US soyabeans post biggest loss in two months

Chicago Board of Trade soyabean futures posted their biggest one-day loss in two months on Tuesday on improved weather outlooks in Argentina and fund selling, traders said. Funds sold an estimated 9,000 soybean futures contracts. Sources said it appeared
Published 27 Jan, 2011 12:00am
Cocoa at fresh one-year high

Cocoa at fresh one-year high

US cocoa futures closed at a fresh one-year high on Tuesday as major exporters heeded to a call to ban exports from top grower Ivory Coast, but the rally may be overdone. Six major exporters of cocoa from Ivory Coast - including Cargill, the top exporter
Published 27 Jan, 2011 12:00am
Malaysian palm oil bounces back

Malaysian palm oil bounces back

Malaysian palm oil bounced off fresh one-week lows on Wednesday on talk of production falling further this month as rains continue to batter estates. But investors continued to factor in favourable weather across Argentina's farming belt that may relieve
Published 27 Jan, 2011 12:00am
Tokyo rubber futures near two-week low

Tokyo rubber futures near two-week low

The key Tokyo rubber futures contract fell to its lowest in nearly two weeks on Wednesday as broad weakness in commodity markets triggered profit-taking as players feared that prices had risen too fast, dealers said. The benchmark rubber contract on the T
Published 27 Jan, 2011 12:00am
US oil rises above $87

US oil rises above $87

US crude rallied above $87 a barrel on Wednesday, as President Barack Obama's call for lower corporate taxes spurred hopes for higher profits and greater energy demand. US Federal Reserve policymakers, at the end of a two-day meeting, said they would pres
Published 27 Jan, 2011 12:00am
Copper moves higher

Copper moves higher

Copper rose on Wednesday, but trimmed its gains on a resurgent dollar, as the approach of a holiday amid expectations of tighter monetary policy in top consumer China checked investor enthusiasm. Tin hit a record high of $28,775 a tonne as the market trie
Published 27 Jan, 2011 12:00am
Shanghai copper falls

Shanghai copper falls

Shanghai's benchmark third-month copper futures contract fell 30 yuan to 70,800 yuan a tonne on Wednesday. The discount for LME metal versus Shanghai continued to narrow, currently around 1,300 yuan, a third of the recent highs, stirring expectations that
Published 27 Jan, 2011 12:00am
US copper drops

US copper drops

Copper prices fell to their lowest level in a month on Tuesday as another sharp build in London inventories and inflation fears in Asian consuming countries cast some doubts over the red metal's near-term demand outlook. COMEX copper for March delivery on
Published 27 Jan, 2011 12:00am
New York cotton closes daily limit up

New York cotton closes daily limit up

US cotton futures finished up the daily limit on Wednesday on another round of speculative and fund buying as players eyed release of a government sales report to gauge demand for the fibre, analysts said. The cotton market has jumped almost 20 percent si
Published 27 Jan, 2011 12:00am
Shahzain Bugti to visit Nine Zero today

Shahzain Bugti to visit Nine Zero today

Leader of Jamhori Watan Party (JWP), Shahzain Bugti will visit the head quarter of Muttahida Qaumi Movement (MQM), at Azizabad here, on January 27 at 11am. The JWP leader will meet with the members of the MQM Rabita Committee, said a statement issued by M
Published 27 Jan, 2011 12:00am
Suspect in Dr Imran case released

Suspect in Dr Imran case released

A suspect who was in the custody of investigative authorities in the murder case of Muttahida Qaumi Movement (MQM) leader, Dr Imran Farooq was freed on Wednesday, a private TV channel reported. Quoting the London police, the channel said that investigatio
Published 27 Jan, 2011 12:00am
MNAs, MPAs qualification cases: writ petitions hearing today

MNAs, MPAs qualification cases: writ petitions hearing today

A full bench of Lahore High Court (LHC) here on Wednesday adjourned hearing to Thursday (today) in dozens of writ petitions filed by 26 members of provincial and national assembly for dismissal of petition challenging their qualification.
Published 27 Jan, 2011 12:00am
'PML-N to table 20th Amendment Bill for creation of more provinces'

'PML-N to table 20th Amendment Bill for creation of more provinces'

President Pakistan Muslim League and Chairman Senate Standing Committee on Foreign Affairs Senator Salim Saifullah Khan has said that his party would table the 20th Amendment Bill in the Senate for the formation of more provinces and added that the power
Published 27 Jan, 2011 12:00am
FBR transfer, posting

FBR transfer, posting

Following transfer of FBR Member Customs Munir Quershi, the Federal Board of Revenue (FBR) has also transferred and posted 10 other senior officials of Pakistan Customs Service (BS-19/20) with immediate effect.
Published 27 Jan, 2011 12:00am
BOGs have no powers to raise college fee: Khosa

BOGs have no powers to raise college fee: Khosa

The Board of Governors (BOGs) of 26 government colleges will not have powers to increase college fee or sell college property, Senior Advisor to Chief Minister Sardar Zulfiqar Ali Khan Khosa assured a delegation of Punjab Professors and Lecturers Associat
Published 27 Jan, 2011 12:00am
People urged to expose those involved in exams fraud

People urged to expose those involved in exams fraud

The Ombudsman has said it is a right of the public to know how people obtained certificates/degrees by using illegitimate means directed universities and the educational boards to expose those involved in serious cases of fraud/impersonation by issuing a
Published 27 Jan, 2011 12:00am
KESC workers reinstated but termination orders not withdrawn: MD

KESC workers reinstated but termination orders not withdrawn: MD

Managing Director (MD) KESC Tabish Gohar has said that 4,500 employees have been re-instated on government orders but their termination orders have not been withdrawn, a private TV channel reported on Wednesday. Talking to media men, MD KESC reiterated th
Published 27 Jan, 2011 12:00am
87 involved in target killings arrested in Karachi: Faisal

87 involved in target killings arrested in Karachi: Faisal

Political Advisor to President, Senator Syed Faisal Raza Abadi said on Wednesday that 87 target killers have been detained in Karachi who were directly or indirectly involved in target killing incidents in the city. According to the investigation report o
Published 27 Jan, 2011 12:00am
SBP seen raising rates by 50 bps on January 29

SBP seen raising rates by 50 bps on January 29

Eight out of 10 analysts polled by Reuters expect the central bank to increase its key policy rate by at least 50 basis points to 14.5 percent to combat double-digit inflation, which is becoming a potentially explosive problem for the government.
Published 27 Jan, 2011 12:00am
Paapam shocked over import of up to 5 years old vehicles

Paapam shocked over import of up to 5 years old vehicles

Aamir Allawala Chairman and Nabeel Hashmi Vice-Chairman of Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) have expressed their shock over the Cabinet decision to increase in age of second hand cars from 3 years to five yea
Published 27 Jan, 2011 12:00am
PCGA announces resumption of 'Phutti' purchase

PCGA announces resumption of 'Phutti' purchase

Pakistan Cotton Ginners Association (PCGA) has announced to resume the purchase of "Phutti" (raw-cotton) from the growers from January 27(today) on the assurance of the member (Policy) of Federal Board of Revenue (FBR) on Wednesday.
Published 27 Jan, 2011 12:00am
Russia ratifies US nuclear disarmament treaty

Russia ratifies US nuclear disarmament treaty

Russia's upper house of parliament ratified the new US nuclear disarmament treaty Wednesday, the final step in approving the first nuclear pact between the two former Cold War rivals in 20 years. Senators at the Federation Council voted unanimously to app
Published 27 Jan, 2011 12:00am
Streets flooded, power cut in Jeddah

Streets flooded, power cut in Jeddah

Torrential rainfall submerged streets and cut off electricity in parts of Saudi Arabia's second largest city Jeddah on Wednesday, raising fears of a repeat of floods in 2009 which killed more than 120 people. The last floods triggered a rare public debate
Published 27 Jan, 2011 12:00am
Unprecedented anti-government protests rock Egypt

Unprecedented anti-government protests rock Egypt

Police fought with thousands of Egyptians who defied a government ban on Wednesday to protest against President Hosni Mubarak's 30-year-old rule, firing tear gas at the crowds and dragging away demonstrators. Reforms are needed across the Arab world to ad
Published 27 Jan, 2011 12:00am
Tunisia issues warrant for ousted president

Tunisia issues warrant for ousted president

Tunisia issued an international arrest warrant for ousted president Zine El Abidine Ben Ali, as protesters clashed with police on Wednesday and US President Barack Obama hailed the "will of the people". Ben Ali, his wife Leila Trabelsi and other members o
Published 27 Jan, 2011 12:00am
Syria tightens Internet ban

Syria tightens Internet ban

Syrian authorities have banned programmes that allow access to Facebook Chat from cellphones, tightening already severe restrictions on the Internet in the wake of the unrest in Tunisia, users said on Wednesday. Nimbuzz and eBuddy, two programmes that all
Published 27 Jan, 2011 12:00am
Facebook tightens user security

Facebook tightens user security

Facebook on Wednesday announced heightened privacy controls for members of the world's largest online social network. The security enhancements came on the heels of a hacker posting a bogus message on the public fan page of Facebook founder Mark Zuckerber
Published 27 Jan, 2011 12:00am
Saudi Arabia warns against travel to Lebanon

Saudi Arabia warns against travel to Lebanon

The Saudi foreign ministry has advised its citizens against travelling to Lebanon "until the return of calm and stability," the official SPA news agency reported on Wednesday. "Due to the developing situation in the republic of Lebanon, the foreign minist
Published 27 Jan, 2011 12:00am
Malaysia releases genetically modified mosquitoes in landmark trial

Malaysia releases genetically modified mosquitoes in landmark trial

Malaysia has released 6,000 genetically modified mosquitoes designed to combat dengue fever, in a landmark trial slammed Wednesday by environmentalists who say the experiment is unsafe. In the first experiment of its kind in Asia, about 6,000 male Aedes a
Published 27 Jan, 2011 12:00am
Karzai opens Afghan parliament, taunts West

Karzai opens Afghan parliament, taunts West

Afghan President Hamid Karzai inaugurated parliament on Wednesday, ending weeks of political infighting, but took a dig at the West in his opening remarks, saying "foreign interference" had been a "serious problem". Afghanistan's government was plunged in
Published 27 Jan, 2011 12:00am
Britain eases house arrest curbs for terror suspects

Britain eases house arrest curbs for terror suspects

Britain said on Wednesday it would ease house arrest restrictions on terrorism suspects in a compromise sought by the ruling coalition's junior party, the Liberal Democrats. Deputy Prime Minister Nick Clegg said the government was delivering on his Lib De
Published 27 Jan, 2011 12:00am
Ahmadinejad slams rivals in Iran power struggle

Ahmadinejad slams rivals in Iran power struggle

Iranian President Mahmoud Ahmadinejad has hit out at the heads of parliament and the judiciary, accusing them of "interfering" in his government's business, media reported on Wednesday. Ahmadinejad's latest attack on fellow conservatives who run the Islam
Published 27 Jan, 2011 12:00am
Distant galaxy born in the dawn of time

Distant galaxy born in the dawn of time

Astronomers on Wednesday said they had snared an image of what may be the oldest galaxy ever seen, a starry cluster that came into being when the Universe was still a baby. The tiny smudge of light captured by the orbiting Hubble telescope took 13.2 thous
Published 27 Jan, 2011 12:00am
Sri Lanka military to share war tips at forum

Sri Lanka military to share war tips at forum

Sri Lanka's army Wednesday announced plans to share with other countries its success in crushing ethnic Tamil Tiger rebels and ending the island's 37-year-old separatist war. Army chief Lieutenant General Jagath Jayasuriya said they were inviting heads of
Published 27 Jan, 2011 12:00am
ICC demands answers after Aamer plays

ICC demands answers after Aamer plays

International cricket chiefs are demanding answers on why suspended Pakistani paceman Mohammad Aamer, at the centre of a corruption probe, played in a domestic club match, an official said Wednesday. The 18-year-old Aamer, along with Salman Butt and Moham
Published 27 Jan, 2011 12:00am
PFF chief praises new referee communication system

PFF chief praises new referee communication system

Pakistan Football Federation (PFF)'s President Faisal Saleh Hayat has praised new referee communication system that utilised by Referees and Assistant Referees in the ongoing 15th AFC Asian Cup at Doha, Qatar. The final of the event, between Japan and Aus
Published 27 Jan, 2011 12:00am
Pakistani ski contingent return from Czech training

Pakistani ski contingent return from Czech training

A two-member national ski contingent has arrived back after attending a training camp at Harrachov in Czech Republic, says a press release received here on Wednesday. The two-week long training camp on Cross-country skiing was organised and sponsored by I
Published 27 Jan, 2011 12:00am
Nestle, U-Fone reach Raaziq twenty20 final

Nestle, U-Fone reach Raaziq twenty20 final

Nestle and U-Fone on Wednesday qualified for final of the 1st Raaziq CPL T-20 tournament here at Railway Stadium ground. In first semi final, U-Fone beat Telenor by 3 wickets. Telenor scored 134 for 9 wickets in allotted 20 overs. Suleman Bhatti 39, Rehma
Published 27 Jan, 2011 12:00am
Trott ton inspires England win

Trott ton inspires England win

Inspired by a Jonathan Trott century, England secured a 21-run victory over Australia on Wednesday, keeping alive their hopes of winning the one-day series after trailing 3-0. The tourists needed a win to claw their way back into the seven-match series an
Published 27 Jan, 2011 12:00am
Al Jazeera World Cup rights extended to 2018, 2022

Al Jazeera World Cup rights extended to 2018, 2022

FIFA said on Wednesday that it had awarded Middle East and North Africa broadcasting rights for the 2018 and 2022 World Cups to Al Jazeera, extending its existing deal with the Qatari channel. The rights deal covering television, internet and mobile trans
Published 27 Jan, 2011 12:00am
Asian Cup title can ease Australia's 2022 despair

Asian Cup title can ease Australia's 2022 despair

Australia can soften the blow of failing in their bid to host the 2022 World Cup by beating three-times champions Japan to claim their first Asian Cup title on Saturday, according to midfielder Matt McKay. Soccer lags behind Australian rules and rugby in
Published 27 Jan, 2011 12:00am
Rain washes out Pakistan ad New Zealand second ODI

Rain washes out Pakistan ad New Zealand second ODI

Rain washed out the second one-day international between New Zealand and Pakistan at the Queenstown Events Centre on Wednesday. Constant drizzle delayed the start of play by an hour before the match began at 1200 (2300 GMT) and was reduced to 48 overs eac
Published 27 Jan, 2011 12:00am
Henin retires with elbow problem

Henin retires with elbow problem

Former women's world number one Justine Henin of Belgium retired for the second time on Wednesday, citing an elbow injury that had dogged her since last summer. "Today, the (medical) examinations are clear and the doctors are agreed that my elbow is too d
Published 27 Jan, 2011 12:00am
Sri Lanka shifts venues for West Indies ODIs

Sri Lanka shifts venues for West Indies ODIs

Sri Lanka has switched venues for next week's one-day series against the West Indies to Colombo, an official said Wednesday, as both teams prepare for next month's World Cup. The games will be played during the day at the Sinhalese Sports Club ground in C
Published 27 Jan, 2011 12:00am
Nadal's 'Rafa Slam' ends in heartache

Nadal's 'Rafa Slam' ends in heartache

World number one Rafael Nadal hobbled to a shock straight-sets Australian Open defeat to David Ferrer Wednesday, ending his bid for a historic sweep of the Grand Slam titles. The grimacing Nadal was in trouble right from the second game, but despite repea
Published 27 Jan, 2011 12:00am
Mature Arsenal wear down Ipswich to reach final

Mature Arsenal wear down Ipswich to reach final

Arsenal battled to overcome a resilient Ipswich Town 3-0 on Tuesday and reach the League Cup final where Arsene Wenger's men will hope to end a six-year wait for a trophy. Two second-half goals in three minutes from Nicklas Bendtner and Laurent Koscielny
Published 27 Jan, 2011 12:00am
Yuan remains at record high

Yuan remains at record high

China's yuan ended up near its record trading high versus the dollar on Wednesday after the People's Bank of China set the mid-point at a new peak again but up only slightly from Tuesday's fixing, traders said. The PBOC recently fixed a slew of record hig
Published 27 Jan, 2011 12:00am
Baht snaps four-day decline

Baht snaps four-day decline

The Thai baht snapped a four-day losing streak on Wednesday, with dealers deciding the tumble to the lowest against the dollar since September the previous day was overdone and foreign investors tip-toed back into domestic shares. The baht was also suppor
Published 27 Jan, 2011 12:00am
Swiss franc falls versus euro

Swiss franc falls versus euro

The Swiss franc was slightly lower against the euro and the dollar on Wednesday after the previous day's strong rally as good demand for the debut bond from Europe's financial rescue fund reassured investors. Worries about the economy and a shock contract
Published 27 Jan, 2011 12:00am
New Zealand dollar holds gains

New Zealand dollar holds gains

The New Zealand dollar consolidated its recent euro-fuelled gains in light trading on Wednesday, as the market awaited the central bank rate reviews from the US and New Zealand. The New Zealand dollar was at $0.7680 in late local trade, slightly above ope
Published 27 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 Wednesday. 71.15/71.15 (previous 71.15/71.15). Call Money Rates: 4.25-5.75 percent (previous 4.00-7.00 percent).
Published 27 Jan, 2011 12:00am
Euro climbs in New York

Euro climbs in New York

The euro climbed to a two-month high above $1.37 on Tuesday and looked poised to extend gains as momentum turned increasingly bullish after the currency's recent break above key chart levels. A pledge by the US Federal Reserve, which concludes a two-day p
Published 27 Jan, 2011 12:00am
Early trade in New York: Euro little changed

Early trade in New York: Euro little changed

The euro was little changed against the dollar on Wednesday after earlier hitting a two-month high as investors adjusted positions ahead of the Federal Reserve's policy statement later in the day. None expect the US central bank to announce any change in
Published 27 Jan, 2011 12:00am
Euro gains versus dollar in London

Euro gains versus dollar in London

The euro hit a two-month high versus the dollar on Wednesday on perceptions that interest rates will rise sooner in the eurozone than in the US, taking out option barriers on the way and approaching key resistance. The dollar hit a 10-week low against a b
Published 27 Jan, 2011 12:00am
Dollar mired near 10-week low

Dollar mired near 10-week low

The dollar held near a 10-week low against a basket of currencies on Wednesday, with the market looking for confirmation from the Federal Reserve later in the day that its focus remains on supporting growth. The perception that the Fed will keep a much ea
Published 27 Jan, 2011 12:00am
Sterling rises

Sterling rises

Sterling got a lift on Wednesday after minutes from the Bank of England's policy meeting this month showed two policymakers voted for an interest rate hike, although worries about economic growth checked gains. The minutes showed BoE Monetary Policy Commi
Published 27 Jan, 2011 12:00am
Euribor rates spike

Euribor rates spike

Key euro-priced interbank lending rates struck an 18-month high on Wednesday on reduced demand from banks for short-term European Central Bank liquidity and on rising expectations for an earlier-than-forecast interest rate hike. But a higher-than-expected
Published 27 Jan, 2011 12:00am
UK's top share index rebounds

UK's top share index rebounds

Britain's top share index rebounded on Wednesday on hopes for stronger global growth after an upbeat speech overnight by US President Barack Obama and positive US housing data. The FTSE 100 closed up 51.50 points, or 0.9 percent, at 5,969.21, after fallin
Published 27 Jan, 2011 12:00am
European shares jump

European shares jump

European equities hit a one-week closing high on Wednesday as the US President Barack Obama's proposal of corporate tax cuts boosted market sentiment, while stronger metals on hopes of improving demand helped miners. Expectations that the Federal Reserve,
Published 27 Jan, 2011 12:00am
Middle East markets: unrest sends Egypt shares tumbling

Middle East markets: unrest sends Egypt shares tumbling

Egypt's stock index suffered its largest decline in 14 months on Wednesday, a day after unprecedented anti-government protests rocked the country. Cairo's benchmark fell 6.1 percent, its biggest drop since November 30, 2009, slumping to a five-month low.
Published 27 Jan, 2011 12:00am
Shanghai, Hong Kong stocks rise

Shanghai, Hong Kong stocks rise

Hong Kong shares rose for the first time in five days on Wednesday, though losses in anking heavyweight HSBC and flagging turnover suggested investor confidence remained frail. The Hang Seng ended up 0.2 percent, with HSBC the biggest drag on the benchmar
Published 27 Jan, 2011 12:00am
Seoul shares advance

Seoul shares advance

Seoul shares advanced 1.1 percent on Wednesday, lifted by firm gains in auto and technology issues, including Hyundai Motor and Samsung Electronics. The Korea Composite Stock Price Index ended up 23.79 points at 2,110.46 points. The KOSPI 200 March future
Published 27 Jan, 2011 12:00am
Treasuries rise

Treasuries rise

US Treasury prices rose on Tuesday after a report that President Barack Obama would propose a freeze on discretionary non-security spending in his State of the Union address. Treasuries extended gains, with the 30-year bond climbing over a full point in p
Published 27 Jan, 2011 12:00am
Treasuries rise

Treasuries rise

US Treasury prices rose on Tuesday after a report that President Barack Obama would propose a freeze on discretionary non-security spending in his State of the Union address. Treasuries extended gains, with the 30-year bond climbing over a full point in p
Published 27 Jan, 2011 12:00am
Indian markets closed

Indian markets closed

India's stocks and financial markets, banks and government offices were closed on Wednesday for a public holiday.
Published 27 Jan, 2011 12:00am
US indices end flat

US indices end flat

US stocks erased losses in a late flurry of buying to end little changed on Tuesday as overall optimism about earnings offset disappointing results from blue chips 3M and Johnson & Johnson. About 70 percent of S&P companies so far have beaten estimates, b
Published 27 Jan, 2011 12:00am
Wednesday's afternoon trade: S&P hits 29-month high

Wednesday's afternoon trade: S&P hits 29-month high

The S&P 500 hit a 29-month high on Wednesday as investors snapped up commodity and tech shares ahead of the Federal Reserve's statement, expected to continue to be supportive of markets. Boeing Co fell 3 percent to $70.06 after the US plane maker and Dow
Published 27 Jan, 2011 12:00am
Nikkei average slips

Nikkei average slips

Japan's Nikkei average dropped 0.6 percent on Wednesday, with resource shares losing ground after a rate hike in India and a contraction in Britain's economy led to a pull-back in commodity prices. Growing concerns over inflation in emerging economies, su
Published 27 Jan, 2011 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks gained close to 0.7 percent on Wednesday as steel shares rebounded from previous falls and optoelectronics jumped on news that Hon Hai had diversified into the solar market. The rebound of steel shares might be short-lived however, according
Published 27 Jan, 2011 12:00am
South East Asian markets: foreign inflows boost Thailand, Indonesia

South East Asian markets: foreign inflows boost Thailand, Indonesia

Thailand's stock market gained on Wednesday, with demand for energy shares helping it rally from a four-month low, and Indonesia hit a one-week high as foreign inflows helped boost both markets after a recent sell-off. Thailand saw a net $12.8 million in
Published 27 Jan, 2011 12:00am
BoE considered January rate rise, 2 vote for hike

BoE considered January rate rise, 2 vote for hike

Bank of England policymaker Martin Weale unexpectedly joined Andrew Sentance in voting for a quarter-point rate rise this month, and the Monetary Policy Committee as a whole considered the case for tighter policy. Minutes to the BoE's January 12-13 MPC me
Published 27 Jan, 2011 12:00am
Toyota recalls 1.7 million vehicles

Toyota recalls 1.7 million vehicles

Toyota Motor Corp said it would recall more than 1.7 million vehicles world-wide, bringing its total for recalls to nearly 16 million since late 2009 and dealing a blow to its efforts to restore its reputation for quality. Although the situation is differ
Published 27 Jan, 2011 12:00am
Yahoo net revenue jumps

Yahoo net revenue jumps

Yahoo! reported Tuesday that its net profit more than doubled in the final three months of last year, despite a slip in revenue due to its online search deal with Microsoft. Yahoo! made a net profit of $312 million on revenue of $1.52 billion in the recen
Published 27 Jan, 2011 12:00am
70 workers held in Dubai for wage protest

70 workers held in Dubai for wage protest

Seventy workers for construction firm Arabtec are in custody in Dubai following a protest demanding wage increases in a labour camp, The National newspaper reported on Wednesday. "Seventy Arabtec workers were detained by police yesterday (Tuesday) in conn
Published 27 Jan, 2011 12:00am
BBC World Service axes five languages, 650 jobs

BBC World Service axes five languages, 650 jobs

The BBC World Service said Wednesday it would close five of its language services, shut down radio services for another seven languages and cut 650 jobs as it seeks to make drastic savings. The Albanian, Macedonian, Portuguese for Africa and Serbian langu
Published 27 Jan, 2011 12:00am
Barclays bank to axe 1,000 jobs

Barclays bank to axe 1,000 jobs

British bank Barclays on Wednesday announced plans to axe around 1,000 jobs with the closure of its financial planning division, sparking anger from trade union Unite. "Barclays has been conducting a detailed review of its financial planning advice over r
Published 27 Jan, 2011 12:00am
China unveils new steps to cool property market

China unveils new steps to cool property market

China on Wednesday unveiled fresh measures to curb property prices, including requiring unruly local governments to set price controls, but made no mention of a widely expected property tax. City governments must set property price control targets in line
Published 27 Jan, 2011 12:00am
UN food body FAO warns against food export curbs

UN food body FAO warns against food export curbs

The United Nations' food agency warned food producing countries on Wednesday against introducing export curbs to protect local markets as world food prices rose close to levels that triggered food riots in 2007/2008. Global food prices rose above 2008 hig
Published 27 Jan, 2011 12:00am
Kuwait MPs pass $4 billion grant, free food to citizens

Kuwait MPs pass $4 billion grant, free food to citizens

The parliament of the wealthy Gulf state of Kuwait on Wednesday unanimously passed legislation to grant cash and free food to Kuwaiti citizens totalling over $5 billion to mark national occasions. The grants, made last week by Emir Sheikh Sabah al-Ahmad a
Published 27 Jan, 2011 12:00am
Previous Day