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Archive - 2011-01-29
Security developments in Egypt
Africa

Security developments in Egypt

CAIRO: Several thousand protesters are around the capital's main Tahrir square, some carrying Egyptian flags, saying the
Published 29 Jan, 2011 01:39pm
Mubarak asks Government to resign
Top News

Mubarak asks Government to resign

CAIRO : Egypt's embattled President Hosni Mubarak on Saturday addressed the nation for the first time since deadly prot
Published 29 Jan, 2011 07:19am
Cricket: Bracken calls it quits
Sports

Cricket: Bracken calls it quits

SYDNEY: Australian limited-overs specialist Nathan Bracken announced his retirement from cricket in Sydney on Saturday.
Published 29 Jan, 2011 05:37am
Correction

Correction

President Lasbela Chamber of Commerce and Industry Dr Mohammad Aslam has clarified that figures of investment by Otsuka Pharmaceutical Pakistan Limited in last 5 years carried by Business Recorder on Friday is in Pak rupees not in dollars.
Published 29 Jan, 2011 12:00am
Tahir Parwaz appointed PC spokesperson

Tahir Parwaz appointed PC spokesperson

Tahir Parwaz has been designated as the official spokesman of Privatisation Commission (PC). According to a statement issued here on Friday, Tahir Parwaz is currently serving as Director Media at PC. He had developed a media section at the commission, whi
Published 29 Jan, 2011 12:00am
Khyber Pakhtunkhwa minister seeks NGOs' support for women empowerment

Khyber Pakhtunkhwa minister seeks NGOs' support for women empowerment

Khyber Pakhtunkhwa Minister for Social Welfare and Women Development, Sitara Ayaz urged the international organisation, micro finance institutions and non governmental organisations to cooperate and collaborate with the provincial government to implement
Published 29 Jan, 2011 12:00am
Three killed, three injured in separate incidents

Three killed, three injured in separate incidents

At least three persons were killed and three others including an activist of MQM-H injured in separate incidents in various parts of the metropolis on Friday. According to police sources, a man was killed and two others injured on resistance during robber
Published 29 Jan, 2011 12:00am
Radical changes being brought at KESC: CEO

Radical changes being brought at KESC: CEO

The recent steps of Karachi Electric Supply Company (KESC) to offer Voluntary Separation Scheme (VSS) first and later terminating redundant job functions are aimed at bringing a radical change in the company which has the biggest impact on the society, sa
Published 29 Jan, 2011 12:00am
Profit after tax of APL increases to Rs 1.743 billion

Profit after tax of APL increases to Rs 1.743 billion

The profit after tax of Attock Petroleum Limited (APL) has increased to Rs 1.743 billion in the half year period ended December 31, 2010 as compared to Rs 1.489 billion earned in the corresponding period in 2009. The company's earning per share increased
Published 29 Jan, 2011 12:00am
Profit after tax of APL increases to Rs 1.743 billion

Profit after tax of APL increases to Rs 1.743 billion

The profit after tax of Attock Petroleum Limited (APL) has increased to Rs 1.743 billion in the half year period ended December 31, 2010 as compared to Rs 1.489 billion earned in the corresponding period in 2009. The company's earning per share increased
Published 29 Jan, 2011 12:00am
DGTR celebrates 'World Customs Day'

DGTR celebrates 'World Customs Day'

The Directorate-General of Customs Training and Research Karachi celebrated 'International World Customs Day' on January 26, 2011. The eventful occasion commenced with a warm reception for the chief guest. It formally began with the recitation of Quranic
Published 29 Jan, 2011 12:00am
A horrendous incident

A horrendous incident

The appalling incident in Lahore where two motorcyclists were shot dead by an American national, Raymond Davis, and a third brutally over run by a US Consulate car that violated the one way traffic rule to come to the aid of Davis has left the entire nati
Published 29 Jan, 2011 12:00am
Economies required by federal, provincial governments

Economies required by federal, provincial governments

Waqar Masood, the newly appointed Finance Secretary, while talking to media persons subsequent to a critical meeting that was held with the provincial governments, revealed that there was an agreement on two major policy decisions.
Published 29 Jan, 2011 12:00am
No one bothers about the poor

No one bothers about the poor

There are many ways to identify Pakistan's problems and these can be in the socio-economic sphere or they can be in the social sphere and of late, one has started on the structural analysis of the development process. There is no question that no foreign
Published 29 Jan, 2011 12:00am
Appreciating tight monetary policy

Appreciating tight monetary policy

Eversince the central bank of Pakistan began monetary tightening, our business community leaders have been criticizing the central bank for raising its key policy rate. They argue that Pakistan has one of the highest interest rates in the world, though th
Published 29 Jan, 2011 12:00am
More Egypt protests planned, but little vision for future

More Egypt protests planned, but little vision for future

Twitter was blocked. So was Facebook. But that didn't deter hundreds of demonstrators on Wednesday, who used cellphones to access the websites that have become critical to organising protests in Egypt. Activists and bloggers managed to make efficient use
Published 29 Jan, 2011 12:00am
Interest rates

Interest rates

This is with reference to a news item in Business Recorder of 27th January, showing 80% of experts have opined that the SBP will increase rates by 50bps on 29th January. India has increased its rate five times consecutively: now its rate stands at
Published 29 Jan, 2011 12:00am
Latif Khosa's appointment: LHC adjourns case hearing to February 11

Latif Khosa's appointment: LHC adjourns case hearing to February 11

Lahore High Court here Friday adjourned to February 11 the hearing of a writ petition challenging appointment of Sardar Latif Khosa as Governor Punjab and directed petitioner to delete name of cabinet division from the list of respondents.
Published 29 Jan, 2011 12:00am
India negating Saarc spirit by banning cotton export: Aptma

India negating Saarc spirit by banning cotton export: Aptma

Chairman All Pakistan Textile Mills Association (Aptma) Gohar Ejaz has blamed the Indian government for negating the spirit of the South Asian Association for Regional Cooperation's (SAARC) objectives by distorting the principle of free market mechanism o
Published 29 Jan, 2011 12:00am
Textile exporters urged to continue struggle to strengthen industry

Textile exporters urged to continue struggle to strengthen industry

Textile exporters should continue their struggle for strengthening industry and economy and they will definitely succeed, said Syed Farrukh Mazhar, Managing Director SGS addressing the meeting of Pakistan Textile Testing Foundation (PTTF) celebrating the
Published 29 Jan, 2011 12:00am
Paper Board Unit: three workers killed while cleaning tank

Paper Board Unit: three workers killed while cleaning tank

Three workers of a Paper Board Unit were killed, while three become unconscious, when they were trying to cleaning "Crushing & Mixing Tank," which was closed since last one year on Jhang Road in the area of Police Station Thikreewala.
Published 29 Jan, 2011 12:00am
Raymond Davis to be tried under Pakistani law: Rana

Raymond Davis to be tried under Pakistani law: Rana

Punjab Law Minister Rana Sanaullah said the US citizen Raymond Davis, allegedly involved in killing two people, will be tried under Pakistani law as per merits of the case. According to him, the American seemed to have been on personal business at the tim
Published 29 Jan, 2011 12:00am
Punjab university ASA protests against killings by American

Punjab university ASA protests against killings by American

On the call of Academic Staff Association (ASA), University of the Punjab, Hundreds of Punjab university teachers, employees and students protested after namaz Jumma against the killing of 3 Pakistani citizens by American persons, on Thursday at Mozang, L
Published 29 Jan, 2011 12:00am
Call to project country's soft image

Call to project country's soft image

Deputy Speaker Punjab Assembly, Rana Mushood Ahmed Khan has urged the media to play their role in highlighting a soft image of the country. He said this while speaking at a reception held in honour of media-men, here at his official residence. Mushood sai
Published 29 Jan, 2011 12:00am
'Promotion of education must to encounter present challenges'

'Promotion of education must to encounter present challenges'

Punjab University Vice-Chancellor Professor Dr Mujahid Kamran has stated that promotion of education is a must to encounter the present challenges and make the country get honourable place and respect in the comity of nations. Creation and promotion of ne
Published 29 Jan, 2011 12:00am
US MIDDAY: gold rallies 2.5 percent

US MIDDAY: gold rallies 2.5 percent

Gold surged 2.5 percent on Friday, bouncing $40 per ounce off session lows as fears that unrest in Egypt will spread across the Middle East prompted investors to buy the precious metal as a safe haven. Egypt's president Hosni Mubarak imposed a curfew and
Published 29 Jan, 2011 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

Copper prices closed 1.5 percent away from its record high on Friday, after data showing the US economic expansion picked up in the fourth quarter reaffirmed robust global demand prospects for the industrial metal. COMEX copper for March delivery firmed 3
Published 29 Jan, 2011 12:00am
US MIDDAY: corn and soya up; wheat dips

US MIDDAY: corn and soya up; wheat dips

Chicago Board of Trade grain futures were mixed on Friday, with March corn and soyabeans higher on news that a Russian government body backed eliminating a 5 pct import tariff on corn, wheat, and other grains, traders said. In addition, front-month soyabe
Published 29 Jan, 2011 12:00am
US MIDDAY: coffee soars

US MIDDAY: coffee soars

Coffee on ICE soared to a new 13-1/2-year high on Friday after technical levels were breached, while ICE raw sugar futures slipped from near 30-year peaks, underpinned by tight supplies. Cocoa on ICE fell from near its one-year top, which was hit after a
Published 29 Jan, 2011 12:00am
Gold recovers in Europe

Gold recovers in Europe

Gold rose on Friday, recovering from a steep fall, after data showed the US economy expanded in the fourth quarter though at a slightly slower pace than expected. Spot gold was bid at $1,327.90 an ounce at 1616 GMT against $1,312.24 late in New York on Th
Published 29 Jan, 2011 12:00am
Gold hits four-month low in Asia

Gold hits four-month low in Asia

Spot gold fell to a four-month low on Friday, as an improved economic outlook in the US and Europe continued to depress safe-haven demand, but physical buying is expected to lend some support. Spot gold fell to a low of $1,308 an ounce, just above the key
Published 29 Jan, 2011 12:00am
US gold falls

US gold falls

Gold fell more than 2 percent on Thursday, its biggest one-day drop in more than three weeks, on waning investor appetite and some anticipation of interest rate hikes, which would make zero-yield gold less appealing. Spot gold fell as low as $1,310.99 an
Published 29 Jan, 2011 12:00am
Liffe sugar lower

Liffe sugar lower

Liffe March white sugar closed $10.10 lower at $814.40 per tonne in a correction, having rallied on Thursday after the European Union said it would approve extra imports to address an expected supply shortage, and markets also focused on a possible early
Published 29 Jan, 2011 12:00am
US soya up

US soya up

US soyabean futures closed higher on Thursday on big exports of US soya, firm cash markets, an Argentine port strike and unwinding of grains/soya spreads. CBOT March up 14 cents at $13.99-1/2 per bushel. Funds bought an estimated net 5,000 contracts.
Published 29 Jan, 2011 12:00am
Malaysian palm oil rises

Malaysian palm oil rises

Malaysian palm oil futures extended gains on Friday, as worries over heavy rains stalling harvesting lifted prices. Palm oil is set to post its first monthly loss in seven months, although traders expect the market to gain in the coming days as rains cont
Published 29 Jan, 2011 12:00am
New York Sugar climbs

New York Sugar climbs

Raw sugar futures rallied to within a whisker of a fresh 30-year high on Thursday, as tight supplies and looming cash business from Europe and Russia encouraged market bulls. ICE cocoa settled at the highest level in a year for the fourth straight day on
Published 29 Jan, 2011 12:00am
Tokyo rubber futures recover

Tokyo rubber futures recover

Key Tokyo rubber futures recovered earlier losses to end slightly higher on Friday, as firm Shanghai rubber prices underscored a strong outlook for demand. The benchmark rubber contract on the Tokyo Commodity Exchange for July delivery rose as high as 469
Published 29 Jan, 2011 12:00am
Brent nears $100 a barrel on Egypt unrest

Brent nears $100 a barrel on Egypt unrest

Brent oil closed in on $100 a barrel and US crude surged 4 percent on Friday as unrest in Egypt rattled markets. US oil found early strength from data showing the US economy gathered speed in the fourth quarter to regain its precession peak, narrowing the
Published 29 Jan, 2011 12:00am
Tin hits new record

Tin hits new record

Copper rose on Friday and tin hit another record high, both boosted by supply concerns, and underpinned by data showing the US economy gathered speed in the fourth quarter, although a stronger dollar weighed. Three-month tin on the London Metal Exchange (
Published 29 Jan, 2011 12:00am
Shanghai copper flat

Shanghai copper flat

Copper prices rose on Friday, with London nudging resistance at $9,500 a tonne, shrugging off weak US data to focus instead on positive numbers from Europe. Shanghai's most-active April copper futures contract closed nearly flat at 71,730 yuan a tonne.
Published 29 Jan, 2011 12:00am
Copper climbs in US

Copper climbs in US

Copper climbed to within 3.5 percent of its all-time peak on Thursday, bucking general commodity weakness and another large build in London inventories and instead reflecting its role as a main beneficiary of global demand growth. COMEX March copper on th
Published 29 Jan, 2011 12:00am
New York cotton futures plummet

New York cotton futures plummet

US cotton futures closed sharply lower on Friday on profit-taking and end-of-the-week liquidation as players cashed in their gains after the market hit new record highs this week, analysts said. Stumbling grains prices and fears the unrest in Egypt may le
Published 29 Jan, 2011 12:00am
German parliament votes to extend Afghan mission

German parliament votes to extend Afghan mission

Germany's centre-right coalition voted on Friday to extend the country's unpopular Afghan deployment by a year, but for the first time the mandate proposes a date for starting troop withdrawals. Germany hopes to begin pulling troops out of from the end of
Published 29 Jan, 2011 12:00am
Kabul supermarket bomb kills nine, foreigners target

Kabul supermarket bomb kills nine, foreigners target

A suicide attack on a supermarket in Kabul's upmarket embassy district on Friday killed at least nine people, three of them foreign women, in the first major Taliban assault on civilians in the capital for nearly a year. A child was also among the dead fr
Published 29 Jan, 2011 12:00am
Dutch lawmakers approve Afghan training mission

Dutch lawmakers approve Afghan training mission

The Dutch government won parliamentary support on Friday to send a mission to Afghanistan to train police, a year after the last coalition collapsed because of divisions over whether to pull its troops out. A total of 545 men and women will be deployed, i
Published 29 Jan, 2011 12:00am
Guantanamo inmates stage sit-ins, demonostrations

Guantanamo inmates stage sit-ins, demonostrations

Guant-anamo detainees have been holding daily peaceful protests against the jail's continued existence despite pledges from US President Barack Obama to shutter the camp, a lawyer said Friday. Lawyer Ramzi Kassem said he had learned from a client held in
Published 29 Jan, 2011 12:00am
Governor aspirant, six others assassinated in Nigeria

Governor aspirant, six others assassinated in Nigeria

Gunmen shot dead a leading governorship candidate and six others on Friday in northern Nigeria in a suspected political assassination ahead of April elections, the state police commissioner said. "He was shot and killed this afternoon. Obviously it's a po
Published 29 Jan, 2011 12:00am
British airport introduces hologram staff

British airport introduces hologram staff

A British airport has introduced holograms of real-life customer service staff to hhelp speed up security queues The images of Manchester airport employees John Walsh and Julie Caper were created using the same technology that brings animated pop group Go
Published 29 Jan, 2011 12:00am
Paraguay recognises 'free' Palestinian state

Paraguay recognises 'free' Palestinian state

Paraguay has recognised a "free and independent" Palestinian state within its 1967 borders, the ministry of foreign affairs said Friday. The South American nation thus joins a wave of other regional countries that include Brazil, Argentina, Bolivia, Chile
Published 29 Jan, 2011 12:00am
Top Tibetan monk raided by Indian police

Top Tibetan monk raided by Indian police

Indian police said Friday they had raided the monastery of a top Buddhist monk seen as the possible next spiritual leader for Tibet and seized hundreds of thousands of dollars in cash. Police swooped on the Karmapa's monastery in Dharamshala, a hill stati
Published 29 Jan, 2011 12:00am
Mandela goes home after hospital treatment

Mandela goes home after hospital treatment

Former South Africa president Nelson Mandela returned home on Friday after two days of successful hospital treatment for breathing difficulties where he resolutely laughed and joked with visitors. The country's surgeon general told reporters that the anti
Published 29 Jan, 2011 12:00am
Albanian opposition protests despite warnings

Albanian opposition protests despite warnings

Tens of thousands of demonstrators gathered in the Albanian capital Tirana Friday for a silent protest closely monitored by police, a week after another demonstration turned deadly. The opposition went ahead with the protest in defiance of international a
Published 29 Jan, 2011 12:00am
India, Sri Lanka in row over fishermen deaths

India, Sri Lanka in row over fishermen deaths

Nirupama Rao, India's top diplomat, is to travel to Sri Lanka to raise the issue of the alleged killings of Indian fishermen by the Sri Lankan Navy, news reports said Friday. New Delhi has taken a tough stand on the matter despite Sri Lanka's denials of i
Published 29 Jan, 2011 12:00am
Gates, Britain give $130 million to fight polio

Gates, Britain give $130 million to fight polio

Internet billionaire Bill Gates and British Prime Minister David Cameron on Friday gave 130 million dollars between them to help developing countries eradicate polio. "We need to take these next two years, to intensify the campaign. It's an expensive camp
Published 29 Jan, 2011 12:00am
13 dead after Indonesian ferry blaze

13 dead after Indonesian ferry blaze

At least 13 people were killed when a fire broke out overnight on an Indonesian ferry with more than 400 people aboard, forcing passengers to leap into the sea to escape the blaze. The ferry caught fire in the Sunda Strait between the islands of Java and
Published 29 Jan, 2011 12:00am
Doubles joy for Dulko, Pennetta

Doubles joy for Dulko, Pennetta

Flavia Pennetta became the first Italian to lift an Australian Open trophy Friday when she won the women's doubles with Argentina's Gisela Dulko. The two weathered a furious onslaught from Russia's Maria Kirilenko and Victoria Azarenka of Belarus to win 2
Published 29 Jan, 2011 12:00am
Ukraine Euro 2012 role in jeopardy: UEFA

Ukraine Euro 2012 role in jeopardy: UEFA

UEFA warned on Friday that Ukraine's role as joint host of the Euro 2012 finals was in jeopardy as a dispute emerged over government interference in the rrunning of Ukrainian football The executive committee of European football's governing body wrote to
Published 29 Jan, 2011 12:00am
Murray subdues Ferrer to get third crack at Slam

Murray subdues Ferrer to get third crack at Slam

Andy Murray bludgeoned his way through a brick wall named David Ferrer on Friday to reach the Australian Open final and give himself a third crack at ending Britain's interminable wait for a men's grand slam champion. Pretenders to end the nation's embarr
Published 29 Jan, 2011 12:00am
Australia and Japan gun for ultimate glory

Australia and Japan gun for ultimate glory

Australia and Japan go head-to-head for the Asian Cup title on Saturday, with both of the regional heavyweights showing respect for each other while vowing to lift the trophy. The showpiece match is a fitting finale as Australia and Japan are the highest-
Published 29 Jan, 2011 12:00am
Kenya's World Cup team gets official sponsor

Kenya's World Cup team gets official sponsor

Indian conglomerate Karuturi Global has signed a one-year deal to sponsor the Kenya cricket team beginning with the World Cup starting in Asia on February 19, officials said on Friday. Cricket Kenya (CK) said the sponsorship, which is the single largest d
Published 29 Jan, 2011 12:00am
Kolkata says can be ready for World Cup

Kolkata says can be ready for World Cup

The bosses of Kolkata's Eden Gardens insisted Friday they could be ready to host next month's India-England World Cup clash after the venue was ruled out because of unfinished renovation work. The International Cricket Council (ICC) sparked a logistical n
Published 29 Jan, 2011 12:00am
Old Ravians-XI win in festival cricket

Old Ravians-XI win in festival cricket

The Old Ravians-XI beat Vice-Chancellor XI by 58 runs at the festival annual cricket match here at the Government College University Oval Ground on Friday. Choosing to bat first, the Old Ravians-XI scored 171 runs in 15 Overs under the captaincy of former
Published 29 Jan, 2011 12:00am
Suspended Aamer played unofficial match

Suspended Aamer played unofficial match

Pakistan cricket authorities Friday completed an investigation into why suspended paceman Mohammad Aamer, facing charges of spot-fixing, played in a domestic match. The International Cricket Council (ICC) had asked for clarification from the Pakistan Cric
Published 29 Jan, 2011 12:00am
Salman playing in club match

Salman playing in club match

After Mohammad Aamer, another suspended Pakistan cricketer Salman Butt has allegedly flouted International Cricket Council (ICC) directives by featuring in a club match in Lahore. According to reports, the former Pakistan captain featured in a club game p
Published 29 Jan, 2011 12:00am
World Cup hopefuls, organisers on tightrope

World Cup hopefuls, organisers on tightrope

A promo of the upcoming World Cup by the host broadcasters shows players from the 14 participating nations walking a tightrope high in the air to achieve their goal. With reigning champions Australia shedding their prowess and evenly-matched teams facing
Published 29 Jan, 2011 12:00am
World Cup match schedule

World Cup match schedule

Schedule of matches in the 2011 World Cup which runs from February 19 until April 2 in India, Sri Lanka and Bangladesh (times in GMT):
Published 29 Jan, 2011 12:00am
Interbank rates march higher

Interbank rates march higher

Euro interbank rates pressed higher on Friday despite some relief in the cost of overnight borrowing, with analysts predicting the recent upward trend would continue into next week's European Central Bank meeting. The rate at which banks believed they cou
Published 29 Jan, 2011 12:00am
Baht hits four-month low

Baht hits four-month low

The Thai baht slid to its lowest level in more than four months against the dollar on Friday, weighed down by weaker equities and renewed concerns over political stability. Both the baht, the worst performer among emerging Asian currencies this year, and
Published 29 Jan, 2011 12:00am
Indian rupee off two-month low

Indian rupee off two-month low

The Indian rupee ended down but off a near two-month low that followed a slide in domestic stocks, strong demand for the dollar by oil importing companies and lacklustre interest from foreign investors. Dealers expect the rupee to remain in a bear grip fo
Published 29 Jan, 2011 12:00am
Australian dollar lags

Australian dollar lags

The New Zealand dollar was holding broad gains for the week on Friday, while the Australian dollar lagged as the market scaled back expectations for interest rate rises this year. NZ dollar hovering at $0.7715, after a hitting a $0.7668 high on Thursday,
Published 29 Jan, 2011 12:00am
Swiss franc ticks up

Swiss franc ticks up

The Swiss franc was slightly firmer against the euro on Friday as investors expect Switzerland's leading growth barometer, the KOF indicator, to show the country's economy is still in good health. The Swissie was 0.2 percent higher versus the euro compare
Published 29 Jan, 2011 12:00am
Yen sinks in New York

Yen sinks in New York

The yen fell to two-month lows against the euro and two-week troughs versus the US dollar on Thursday, with further losses likely, after Standard & Poor's slashed Japan's long-term debt rating. The S&P move matched an earlier ratings cut by Fitch and rais
Published 29 Jan, 2011 12:00am
Early trade in New York: dollar, Swiss franc rally

Early trade in New York: dollar, Swiss franc rally

The dollar and Swiss franc rallied on Friday as events in Egypt prompted more investors to see the Middle East and North Africa destabilising, increasing the demand for safer havens. The euro was last down 0.7 percent at $1.3633 on electronic trading plat
Published 29 Jan, 2011 12:00am
Yen gains in London

Yen gains in London

The yen rose on Friday as demand from Japanese exporters and speculators helped the currency to recoup some losses from a broad sell-off triggered the previous day by a cut to the country's credit rating. The euro was steady near a two-month high versus t
Published 29 Jan, 2011 12:00am
Yen recoups some losses in Asia

Yen recoups some losses in Asia

The yen recouped some of the losses it made after Standard & Poor's cut Japan's credit rating by a notch, while the euro slipped from two-month highs on Friday as players took profits from its recent rally. The euro's hefty gains from a four-month low hit
Published 29 Jan, 2011 12:00am
Sterling steadies versus euro

Sterling steadies versus euro

Sterling steadied against the euro on Friday in flow driven trade, supported by institutional demand, but concerns about a fragile UK economy and a negative technical picture weighed on sentiment. The pound slipped back against a firmer dollar in thin tra
Published 29 Jan, 2011 12:00am
Yuan lower

Yuan lower

The yuan pulled back slightly against the dollar on Friday in both the onshore spot and offshore forwards markets as the People's Bank of China fixed a weaker mid-point after setting a slew of record high fixings. The central bank let the mid-point hit a
Published 29 Jan, 2011 12:00am
Mining stocks drag on FTSE, Egypt worries curb trade

Mining stocks drag on FTSE, Egypt worries curb trade

Britain's leading share index fell on Friday, weighed down by heavyweight miners as a recent rally by the sector went into reverse, and investors worried by dramatic political protests in Egypt decided to close positions. At the close, the FTSE 100 index
Published 29 Jan, 2011 12:00am
Egyptian turmoil drives European shares lower

Egyptian turmoil drives European shares lower

European shares fell on Friday on concern growth may be crimped, as protests in Egypt escalated and a pick-up in US consumer spending failed to excite markets in the face of a weaker-than-expected overall GDP figure. The pan-European FTSEurofirst 300 inde
Published 29 Jan, 2011 12:00am
Australian shares weaken

Australian shares weaken

Australian stocks closed 0.7 percent weaker on Friday as mixed commodity prices and growing concern about the economic cost of severe floods in Queensland state fuelled negative sentiment. Shares in global minder Rio Tinto, which owns 68 percent of ERA, f
Published 29 Jan, 2011 12:00am
Nikkei average falls: futures-led selling caused by S&P downgrade

Nikkei average falls: futures-led selling caused by S&P downgrade

The Nikkei average fell 1 percent after a cut to Japan's sovereign debt rating, with some analysts saying the downgrade may become a turning point for foreigners who have led a rally in the benchmark since November. Selling of Nikkei 225 futures also cont
Published 29 Jan, 2011 12:00am
Indian shares near five-month lows

Indian shares near five-month lows

Indian shares declined for the third week in four, shedding 1.5 percent on Friday to their lowest close in nearly five months, hit by continuing foreign fund outflows, while the near-term outlook was uncertain. Soaring inflation and rate rises are startin
Published 29 Jan, 2011 12:00am
Seoul shares dip

Seoul shares dip

Seoul shares slipped on Friday, weighed down by declines in auto issues including Kia Motors, but Samsung Electronics lent support as its shares posted a record closing high despite weaker quarterly earnings. The Korea Composite Stock Price Index (KOSPI)
Published 29 Jan, 2011 12:00am
Treasuries rise

Treasuries rise

US Treasury debt prices rose on Thursday in a relief rally after the last of three Treasury debt auctions was met with solid investor demand, alleviating concerns over any waning appetite for government debt. Short-term Treasury bill rates also pushed low
Published 29 Jan, 2011 12:00am
Treasuries rise

Treasuries rise

US Treasury debt prices rose on Thursday in a relief rally after the last of three Treasury debt auctions was met with solid investor demand, alleviating concerns over any waning appetite for government debt. Short-term Treasury bill rates also pushed low
Published 29 Jan, 2011 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks closed higher for the fourth consecutive day on Friday as investors stocked up shares before the Lunar New Year holidays on optimism about global economic recovery. Fund managers saw pressure after the holidays however due to the possibility
Published 29 Jan, 2011 12:00am
Wall Street stays at 29-month high

Wall Street stays at 29-month high

Strong corporate earnings led Wall Street to a 29-month closing high for a second day on Thursday, but another run of big gains may be harder to achieve. The Dow and the S&P struggled to advance past major technical levels - the 12,000 mark for the Dow an
Published 29 Jan, 2011 12:00am
Friday's early afternoon trade: markets fall

Friday's early afternoon trade: markets fall

US stocks fell from 29-month highs on Friday as investors worried about escalating anti-government protests in Egypt and as Amazon and Ford shares tumbled after results. Nasdaq quotations for its main stock indexes suffered an outage of nearly one hour at
Published 29 Jan, 2011 12:00am
Hong Kong shares down; Shanghai moves higher

Hong Kong shares down; Shanghai moves higher

Hong Kong shares fell on Friday, extending their recent losses after a strong start to the year, as news of property taxes in China hit developers and as oil and gas producer CNOOC pulled down energy counters. The benchmark Hang Seng Index fell 0.7 percen
Published 29 Jan, 2011 12:00am
Southeast Asian stocks mostly down

Southeast Asian stocks mostly down

Most Southeast Asian stock markets closed weaker on Friday, led by Indonesia and Thailand, weighed down by worries over inflation and fears of further monetary tightening by China, analysts said. Thailand fell 0.5 percent on Friday, giving it a weekly los
Published 29 Jan, 2011 12:00am
China's first property taxes kick in

China's first property taxes kick in

China on Friday launched a long-awaited property tax in two of the country's biggest cities, but the mayor of Chongqing in the south-west warned the measure was not a cure-all for soaring prices. People buying higher-end second homes in Shanghai, China's
Published 29 Jan, 2011 12:00am
SMFG profit down 21 percent

SMFG profit down 21 percent

Sumitomo Mitsui Financial Group saw its net profit fall 21 percent in October-December after hefty bond trading gains enjoyed in the previous two quarters petered out, but it kept its full-year outlook for a doubling of profit. SMFG and rivals saw their e
Published 29 Jan, 2011 12:00am
SMFG profit down 21 percent

SMFG profit down 21 percent

Sumitomo Mitsui Financial Group saw its net profit fall 21 percent in October-December after hefty bond trading gains enjoyed in the previous two quarters petered out, but it kept its full-year outlook for a doubling of profit. SMFG and rivals saw their e
Published 29 Jan, 2011 12:00am
Ford profit drops on higher costs, shares slide

Ford profit drops on higher costs, shares slide

Ford Motor Co's fourth-quarter profit disappointed Wall Street, due to higher costs to launch new vehicles like the Explorer SUV, increasing commodity prices and a loss in Europe, sending its shares down 5.5 percent. Excluding one-time items, Ford posted
Published 29 Jan, 2011 12:00am
Ford profit drops on higher costs, shares slide

Ford profit drops on higher costs, shares slide

Ford Motor Co's fourth-quarter profit disappointed Wall Street, due to higher costs to launch new vehicles like the Explorer SUV, increasing commodity prices and a loss in Europe, sending its shares down 5.5 percent. Excluding one-time items, Ford posted
Published 29 Jan, 2011 12:00am
No business on grain market

No business on grain market

No business activity was seen on the wholesale grain and seed market on Friday as leading buyers were busy in preparations for Juma prayers, grain and seed merchants group's press release said.
Published 29 Jan, 2011 12:00am
Spot rate, lint prices at all-time high on cotton market

Spot rate, lint prices at all-time high on cotton market

Spot rate, lint prices in ready dealings hit all-time high levels on the cotton market on Friday as mills showed interest in fresh buying to keep the industry wheels moving, dealers said. The Karachi Cotton Association (KCA) spot rate was Rs 10,800, they
Published 29 Jan, 2011 12:00am
Consumer spending, trade buoy US economy in fourth quarter

Consumer spending, trade buoy US economy in fourth quarter

The US economy gathered speed in the fourth quarter to regain its pre-recession peak with a big gain in consumer spending and strong exports, removing doubts about the recovery's sustainability. The economy grew at a 3.2 percent annual rate in the final t
Published 29 Jan, 2011 12:00am
Microsoft's Windows disappoints

Microsoft's Windows disappoints

Sales of Microsoft Corp's Windows software fell short of outsized expectations, rekindling fears that the spread of mobile gadgets will erode its main PC-focused business. Microsoft surprised Wall Street with a better-than-expected profit, helped by resur
Published 29 Jan, 2011 12:00am
Spain's unemployment rate highest in over 13 years

Spain's unemployment rate highest in over 13 years

Spain's jobless rate rose above 20 percent again in the last quarter of 2010 and hit its highest rate since mid-1997, more than double the European Union average and with little to suggest it will fall sharply soon. Unemployment remains Spain's key concer
Published 29 Jan, 2011 12:00am
Indonesia suspends food import duties

Indonesia suspends food import duties

Indonesia has suspended import duties on wheat, soybeans, fertiliser and other food-related items for the rest of the year as it battles to tame inflation, an official said Friday. The government escalated its fight against rising food prices at a time wh
Published 29 Jan, 2011 12:00am
US and Britain split on cuts

US and Britain split on cuts

Britain and the United States laid out starkly different recovery strategies at Davos on Friday, with one calling for deep spending cuts and the other warning against drastic action. Leaders of the business and political elite gathered at the World Econom
Published 29 Jan, 2011 12:00am
RBS pulls out as UK probes rescue helicopter bid

RBS pulls out as UK probes rescue helicopter bid

The privatisation of Britain's search and rescue helicopter service was thrown into further doubt on Friday after a key member of the consortium bidding for the contract pulled out amid allegations of misconduct. Royal Bank of Scotland said it had pulled
Published 29 Jan, 2011 12:00am
US and Japan told time running out to deal with debt

US and Japan told time running out to deal with debt

Japan and the United States faced new pressure to confront their swollen budget deficits as the IMF and rating agencies demanded more evidence they can bring their public debts under control. The International Monetary Fund said the G7's two biggest econo
Published 29 Jan, 2011 12:00am
Japan Prime Minister slapped for gaffe over debt downgrade

Japan Prime Minister slapped for gaffe over debt downgrade

Japanese Prime Minister Naoto Kan came under fire Friday over remarks which suggested he had not grasped the significance of the downgrade in the country's sovereign debt rating. He told reporters Thursday he was ignorant when asked about the downgrade by
Published 29 Jan, 2011 12:00am
China starts first test of private aircraft

China starts first test of private aircraft

China started the first test flights of private aircraft in its tightly controlled airspace on Friday, responding to pressure to further open its skies as flight paths grow increasingly crowded. The country's growing rich class also has been eager to buy
Published 29 Jan, 2011 12:00am
UK consumer morale tumbles to 22-month low

UK consumer morale tumbles to 22-month low

British consumer confidence tumbled to its lowest in almost two years in January, hit by rising inflation, a increase in value-added tax and a looming programme of public spending cuts, a survey showed on Friday. The GfK NOP consumer confidence barometer
Published 29 Jan, 2011 12:00am
US wheat futures just below 29-month highs

US wheat futures just below 29-month highs

US wheat futures drifted lower on Friday, although prices remained close to this week's 29-month highs reached on strong north African and Middle Eastern demand, while corn firmed towards recent peaks. "Corn and wheat appear to be in a consolidation mode
Published 29 Jan, 2011 12:00am
Argentina's soya crop seen stable

Argentina's soya crop seen stable

Argentina's soya crop is seen stable at 47 million tonnes after widespread rains, but with the key yield-setting stages ahead, soyabean fields remain at risk, Buenos Aires Grains Exchange said on Thursday. Two weeks of heavy rains have brought new life to
Published 29 Jan, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 122,541 tonnes of cargo including 93,320 tonnes of import cargo, 29,221 tonnes of export cargo, 3,639 loaded and empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 93,320 tonnes comprise
Published 29 Jan, 2011 12:00am
India's January gold imports seen up

India's January gold imports seen up

India's January gold imports are seen rising on softer prices and as food inflation boosts farm incomes, fuelling demand for gold in the world's biggest market for the metal. The median forecast in a Reuters poll of 10 industry experts showed gold imports
Published 29 Jan, 2011 12:00am
Soyabean export premiums firm

Soyabean export premiums firm

US soyabean export premiums at the US Gulf Coast firmed on Thursday as good demand and a rising CIF barge market supported values, traders said. Weekly export sales stronger than anticipated, especially old-crop. Worries about a drought-reduced Argentine
Published 29 Jan, 2011 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Hard red winter wheat cash bids in the US Plains were holding steady on Friday with the market mostly quiet as farmer selling remained limited and demand was reported as good, but not desperate. Interest from west coast mills and exporters helped underpin
Published 29 Jan, 2011 12:00am
Message from Convenor & Chairman, SHAMROCK Conferences International

Message from Convenor & Chairman, SHAMROCK Conferences International

We welcome the delegates, speakers and chairpersons to the 3rd Pakistan Oil & Gas Conference 2011. Your participation in the country's premier oil & gas forum is an indication of your commitment to Pakistan's energy requirements and your role as a signifi
Published 29 Jan, 2011 12:00am
OGDCL's Performance

OGDCL's Performance

Oil & Gas Development Company Limited (OGDCL) is the national Oil and Gas Company of Pakistan and the flagship of the country's E&P sector. The Company is the local market leader in terms of reserves, production and acreage and is listed on all three stoc
Published 29 Jan, 2011 12:00am
Byco Petroleum Pakistan Limited: Petroleum marketing business

Byco Petroleum Pakistan Limited: Petroleum marketing business

Byco Petroleum Pakistan Limited (BPPL) has entered the petroleum marketing sector with a renewed vision. With a blend of high quality human resource, newly-designed retail outlets and a fresh brand identity Byco Petroleum Marketing is an emerging leader i
Published 29 Jan, 2011 12:00am
Could Pakistan be the new tourist destination of 2011?

Could Pakistan be the new tourist destination of 2011?

Experts say, "Marketing is an art and a science". And tourism is about the provision of good services. Designing the services in accordance with the expectations of tourists is the success of the tourism marketing strategies, which results in connecting p
Published 29 Jan, 2011 12:00am
Kohat blast kills four

Kohat blast kills four

Four people including two women were killed in Kohat Tunnel blast while fourteen others injured late Friday night, Aaj TV reported. The channel said that a truck loaded with explosives hit the tunnel. The Kohat Tunnel was temporally closed.
Published 29 Jan, 2011 12:00am
KARACHI CHRONICLE: With one stroke of the pen

KARACHI CHRONICLE: With one stroke of the pen

A tremor shook Karachi last week. No, I am not referring to the natural aftershock of an earthquake which registered only 3.9 on the Richter scale. The city was badly shaken by Karachi Electric Supply Company (KESC) action of removing from service 4,000 w
Published 29 Jan, 2011 12:00am
Kohat blast kills four

Kohat blast kills four

Four people including two women were killed in Kohat Tunnel blast while fourteen others injured late Friday night, Aaj TV reported. The channel said that a truck loaded with explosives hit the tunnel. The Kohat Tunnel was temporally closed.
Published 29 Jan, 2011 12:00am
ART FACTS: Exquisite compositions

ART FACTS: Exquisite compositions

The enchanted and charming paintings by Hajra Mansur and involving abstract impressions of Mansur Rahi were a treat for art lovers of Karachi. The exhibition at Unicorn gallery of the artist couple was an exquisite play of forms and colours. Hajra's signa
Published 29 Jan, 2011 12:00am
Dozens detained in Saudi Arabia over flood protests

Dozens detained in Saudi Arabia over flood protests

Saudi authorities detained dozens of demonstrators on Friday in Jeddah who gathered to protest against poor infrastructure after deadly floods swept through Saudi Arabia's second biggest city, police and witnesses said. Some Jeddah streets remained submer
Published 29 Jan, 2011 12:00am
BRIDGE NOTES: Defence vs play - both simple

BRIDGE NOTES: Defence vs play - both simple

Sometimes it pays to be simple and follow the rules accordingly both in defence and in play. Today's illustration is a lesson in both. Let us give you the hand first as NS and see how you fare in the contract of 3NT bid as under on the following hand:
Published 29 Jan, 2011 12:00am
Dozens detained in Saudi Arabia over flood protests

Dozens detained in Saudi Arabia over flood protests

Saudi authorities detained dozens of demonstrators on Friday in Jeddah who gathered to protest against poor infrastructure after deadly floods swept through Saudi Arabia's second biggest city, police and witnesses said. Some Jeddah streets remained submer
Published 29 Jan, 2011 12:00am
Cabinet has allowed all five-year-old vehicles

Cabinet has allowed all five-year-old vehicles

The Cabinet has dropped another bombshell on the local auto industry by allowing import of 5-year old motorcycles, trucks, buses and tractors. The Commerce Ministry is expected to issue necessary notification in a day or two as minutes of the Cabinet meet
Published 29 Jan, 2011 12:00am
New York cotton

New York cotton

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

Published 29 Jan, 2011 12:00am
Cabinet has allowed all five-year-old vehicles

Cabinet has allowed all five-year-old vehicles

The Cabinet has dropped another bombshell on the local auto industry by allowing import of 5-year old motorcycles, trucks, buses and tractors. The Commerce Ministry is expected to issue necessary notification in a day or two as minutes of the Cabinet meet
Published 29 Jan, 2011 12:00am
New York cotton

New York cotton

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

Published 29 Jan, 2011 12:00am
Cabinet has allowed all five-year-old vehicles

Cabinet has allowed all five-year-old vehicles

The Cabinet has dropped another bombshell on the local auto industry by allowing import of 5-year old motorcycles, trucks, buses and tractors. The Commerce Ministry is expected to issue necessary notification in a day or two as minutes of the Cabinet meet
Published 29 Jan, 2011 12:00am
CCI meeting to discuss gas distribution, devolution of five ministries

CCI meeting to discuss gas distribution, devolution of five ministries

The Council of Common Interests (CCI) is scheduled to meet on February 1, 2011 to discuss issues emanating from gas production and distribution policy 2011 and affairs of five ministries which are to be transferred to provinces under the 18th Amendment, i
Published 29 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 29 Jan, 2011 12:00am
CCI meeting to discuss gas distribution, devolution of five ministries

CCI meeting to discuss gas distribution, devolution of five ministries

The Council of Common Interests (CCI) is scheduled to meet on February 1, 2011 to discuss issues emanating from gas production and distribution policy 2011 and affairs of five ministries which are to be transferred to provinces under the 18th Amendment, i
Published 29 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 29 Jan, 2011 12:00am
CCI meeting to discuss gas distribution, devolution of five ministries

CCI meeting to discuss gas distribution, devolution of five ministries

The Council of Common Interests (CCI) is scheduled to meet on February 1, 2011 to discuss issues emanating from gas production and distribution policy 2011 and affairs of five ministries which are to be transferred to provinces under the 18th Amendment, i
Published 29 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 Friday (January 28, 2011).

Published 29 Jan, 2011 12:00am
Can US official avoid prosecution?

Can US official avoid prosecution?

The US official charged with killing two motorcyclists in Lahore Thursday may be able to avoid prosecution under Vienna Convention on Diplomatic Relations 1961, depending on his diplomatic rank, say legal experts on international law. According to them in
Published 29 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 Friday (January 28, 2011).

Published 29 Jan, 2011 12:00am
Can US official avoid prosecution?

Can US official avoid prosecution?

The US official charged with killing two motorcyclists in Lahore Thursday may be able to avoid prosecution under Vienna Convention on Diplomatic Relations 1961, depending on his diplomatic rank, say legal experts on international law. According to them in
Published 29 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 Friday (January 28, 2011).

Published 29 Jan, 2011 12:00am
Davis remanded in police custody

Davis remanded in police custody

City magistrate Zafar Iqbal sent US Consulate employee Raymond Davis to six days' police remand. Davis had shot dead two persons, Faizan and Fahim. The police seek to know the whereabouts of the persons who came for Davis' help and recover the vehicle use
Published 29 Jan, 2011 12:00am
Davis remanded in police custody

Davis remanded in police custody

City magistrate Zafar Iqbal sent US Consulate employee Raymond Davis to six days' police remand. Davis had shot dead two persons, Faizan and Fahim. The police seek to know the whereabouts of the persons who came for Davis' help and recover the vehicle use
Published 29 Jan, 2011 12:00am
Fuel supply by PSO: Hubco asks NTDC to arrange funds

Fuel supply by PSO: Hubco asks NTDC to arrange funds

The Hub Power Company Limited (Hubco), with stocks to meet not more than 3 days' requirements, has sought intervention of National Transmission and Dispatch Company (NTDC) to arrange funds to enable it to pay Pakistan State Oil (PSO) and thereby ensure sm
Published 29 Jan, 2011 12:00am
Fuel supply by PSO: Hubco asks NTDC to arrange funds

Fuel supply by PSO: Hubco asks NTDC to arrange funds

The Hub Power Company Limited (Hubco), with stocks to meet not more than 3 days' requirements, has sought intervention of National Transmission and Dispatch Company (NTDC) to arrange funds to enable it to pay Pakistan State Oil (PSO) and thereby ensure sm
Published 29 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 Friday (January 28, 2011).

Published 29 Jan, 2011 12:00am
Fuel supply by PSO: Hubco asks NTDC to arrange funds

Fuel supply by PSO: Hubco asks NTDC to arrange funds

The Hub Power Company Limited (Hubco), with stocks to meet not more than 3 days'' requirements, has sought intervention of National Transmission and Dispatch Company (NTDC) to arrange funds to enable it to pay Pakistan State Oil (PSO) and thereby ensure s
Published 29 Jan, 2011 12:00am
MoP mulling over absorbing impact: oil price hike decision in February

MoP mulling over absorbing impact: oil price hike decision in February

The Ministry of Petroleum is mulling over absorption of the rising impact of petrol price by Rs 9.4 per litre and diesel Rs 8.2 per litre by implementing the decision of the Economic Co-ordination Committee (ECC) to deregulate Inland Freight Equalisation
Published 29 Jan, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (January 28, 2011).
Published 29 Jan, 2011 12:00am
MoP mulling over absorbing impact: oil price hike decision in February

MoP mulling over absorbing impact: oil price hike decision in February

The Ministry of Petroleum is mulling over absorption of the rising impact of petrol price by Rs 9.4 per litre and diesel Rs 8.2 per litre by implementing the decision of the Economic Co-ordination Committee (ECC) to deregulate Inland Freight Equalisation
Published 29 Jan, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (January 28, 2011).

Published 29 Jan, 2011 12:00am
MoP mulling over absorbing impact: oil price hike decision in February

MoP mulling over absorbing impact: oil price hike decision in February

The Ministry of Petroleum is mulling over absorption of the rising impact of petrol price by Rs 9.4 per litre and diesel Rs 8.2 per litre by implementing the decision of the Economic Co-ordination Committee (ECC) to deregulate Inland Freight Equalisation
Published 29 Jan, 2011 12:00am
Index sheds 14.3 points

Index sheds 14.3 points

The Karachi share market on Friday witnessed mixed trend with the KSE-100 index oscillating between 12,529.10 points intra-day high and 12,451.81 points intra-day low levels. The index closed at 12,462.70 points with a loss of 14.30 points. Trading remain
Published 29 Jan, 2011 12:00am
Index sheds 14.3 points

Index sheds 14.3 points

The Karachi share market on Friday witnessed mixed trend with the KSE-100 index oscillating between 12,529.10 points intra-day high and 12,451.81 points intra-day low levels. The index closed at 12,462.70 points with a loss of 14.30 points. Trading remain
Published 29 Jan, 2011 12:00am
Index sheds 14.3 points

Index sheds 14.3 points

The Karachi share market on Friday witnessed mixed trend with the KSE-100 index oscillating between 12,529.10 points intra-day high and 12,451.81 points intra-day low levels. The index closed at 12,462.70 points with a loss of 14.30 points. Trading remain
Published 29 Jan, 2011 12:00am
BRIndex30 down 1.78 points

BRIndex30 down 1.78 points

On Friday, the BRIndex30 opened at 9,203.98 points. It touched the intra-day high of 9,254.10 points and low of 9,184.44 points, and closed at 9,202.20 points with a net negative change of -1.78 points, or -0.02 percent. The volume was 54,983,281 shares,
Published 29 Jan, 2011 12:00am
BRIndex30 down 1.78 points

BRIndex30 down 1.78 points

On Friday, the BRIndex30 opened at 9,203.98 points. It touched the intra-day high of 9,254.10 points and low of 9,184.44 points, and closed at 9,202.20 points with a net negative change of -1.78 points, or -0.02 percent. The volume was 54,983,281 shares,
Published 29 Jan, 2011 12:00am
Gas pricing issue: TAPI experts meeting in Ashgabat next month

Gas pricing issue: TAPI experts meeting in Ashgabat next month

The technical experts of four countries - Pakistan, India, Afghanistan and Turkmenistan are scheduled to meet in the second week of February in Ashgabat to resolve issues pertaining to gas pricing to finalise TAPI Gas pipeline deal, Business Recorder <
Published 29 Jan, 2011 12:00am
Gas pricing issue: TAPI experts meeting in Ashgabat next month

Gas pricing issue: TAPI experts meeting in Ashgabat next month

The technical experts of four countries - Pakistan, India, Afghanistan and Turkmenistan are scheduled to meet in the second week of February in Ashgabat to resolve issues pertaining to gas pricing to finalise TAPI Gas pipeline deal, Business Recorder <
Published 29 Jan, 2011 12:00am
Gas pricing issue: TAPI experts meeting in Ashgabat next month

Gas pricing issue: TAPI experts meeting in Ashgabat next month

The technical experts of four countries - Pakistan, India, Afghanistan and Turkmenistan are scheduled to meet in the second week of February in Ashgabat to resolve issues pertaining to gas pricing to finalise TAPI Gas pipeline deal, Business Recorder <
Published 29 Jan, 2011 12:00am
Monetary Policy today

Monetary Policy today

The State Bank of Pakistan (SBP) will release Monetary Policy Statement (MPS) today (Saturday) for next two months. The central bank's board is going to meet on January 29, 2011 at SBP head office to review the monetary policy stances. Before SBP board's
Published 29 Jan, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (January 28, 2011).

Published 29 Jan, 2011 12:00am
Monetary Policy today

Monetary Policy today

The State Bank of Pakistan (SBP) will release Monetary Policy Statement (MPS) today (Saturday) for next two months. The central bank's board is going to meet on January 29, 2011 at SBP head office to review the monetary policy stances. Before SBP board's
Published 29 Jan, 2011 12:00am
Monetary Policy today

Monetary Policy today

The State Bank of Pakistan (SBP) will release Monetary Policy Statement (MPS) today (Saturday) for next two months. The central bank''s board is going to meet on January 29, 2011 at SBP head office to review the monetary policy stances. Before SBP board''
Published 29 Jan, 2011 12:00am
Planning Commission's proposal: privatise railways, airports

Planning Commission's proposal: privatise railways, airports

The Planning Commission (PC) has proposed privatisation of airports, and an initial partial privatisation of Pakistan Railways (PR), in a bid to create level playing field for all market players, in a paper titled 'Pakistan: New Growth Framework 2011'.
Published 29 Jan, 2011 12:00am
Planning Commission's proposal: privatise railways, airports

Planning Commission's proposal: privatise railways, airports

The Planning Commission (PC) has proposed privatisation of airports, and an initial partial privatisation of Pakistan Railways (PR), in a bid to create level playing field for all market players, in a paper titled 'Pakistan: New Growth Framework 2011'.
Published 29 Jan, 2011 12:00am
Planning Commission''s proposal: privatise railways, airports

Planning Commission''s proposal: privatise railways, airports

The Planning Commission (PC) has proposed privatisation of airports, and an initial partial privatisation of Pakistan Railways (PR), in a bid to create level playing field for all market players, in a paper titled ''Pakistan: New Growth Framework 2011''.
Published 29 Jan, 2011 12:00am
Need for an 'independent' planning commission stressed

Need for an 'independent' planning commission stressed

A former chief of Intelligence Bureau (IB), Masood Sharif Khattak, on Friday called for an independent Planning Commission (PC), sans political intervention, to undertake uplift schemes with special focus on the areas that have been ignored in the past.
Published 29 Jan, 2011 12:00am
Need for an 'independent' planning commission stressed

Need for an 'independent' planning commission stressed

A former chief of Intelligence Bureau (IB), Masood Sharif Khattak, on Friday called for an independent Planning Commission (PC), sans political intervention, to undertake uplift schemes with special focus on the areas that have been ignored in the past.
Published 29 Jan, 2011 12:00am
Need for an ''independent'' planning commission stressed

Need for an ''independent'' planning commission stressed

A former chief of Intelligence Bureau (IB), Masood Sharif Khattak, on Friday called for an independent Planning Commission (PC), sans political intervention, to undertake uplift schemes with special focus on the areas that have been ignored in the past.
Published 29 Jan, 2011 12:00am
Chalking out tax policy: 'Fiscal Policy Board' to be empowered

Chalking out tax policy: 'Fiscal Policy Board' to be empowered

The Fiscal/ Tax Policy Board of the Ministry of Finance would be empowered to chalk out the tax policy, including increase/ decrease in tax rates after obtaining inputs from all stakeholders, including the private sector. A member of the Tax Reform Co-ord
Published 29 Jan, 2011 12:00am
Chalking out tax policy: 'Fiscal Policy Board' to be empowered

Chalking out tax policy: 'Fiscal Policy Board' to be empowered

The Fiscal/ Tax Policy Board of the Ministry of Finance would be empowered to chalk out the tax policy, including increase/ decrease in tax rates after obtaining inputs from all stakeholders, including the private sector. A member of the Tax Reform Co-ord
Published 29 Jan, 2011 12:00am
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