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Archive - 2011-02-12
PIA flight operation resumes fully
Top News

PIA flight operation resumes fully

KARACHI: The flight operation of the PIA fully resumed on Saturday after successful negotiations on Friday among the
Published 12 Feb, 2011 03:57pm
Gold up at Rs 37,585
Commodities

Gold up at Rs 37,585

KARACHI: Gold moved up by Rs 128 to Rs 37,585 per 10 grams in local bullion market Saturday, as its international pric
Published 12 Feb, 2011 03:52pm
ATC issues arrest warrant for Musharraf
Top News

ATC issues arrest warrant for Musharraf

ISLAMABAD: Anti Terrorism Court (ATC) on Saturday issued an arrest warrant for former President Pervez Musharraf over
Published 12 Feb, 2011 01:59pm
India's Jan exports up 32.5 pct
Top News

India's Jan exports up 32.5 pct

NEW DELHI: India's exports in January provisionally rose an annual 32.5 percent to $20.6 billion, the trade secretary sa
Published 12 Feb, 2011 09:43am
SBP to buy t-bills in 6-day reverse-repo
Top News

SBP to buy t-bills in 6-day reverse-repo

KARACHI: Pakistan's central bank said it will buy back treasury bills from commercial banks on Saturday in six-day rever
Published 12 Feb, 2011 07:34am
Top US commander to visit Israel, Jordan
Top News

Top US commander to visit Israel, Jordan

WASHINGTON:  The top US military commander will visit Israel and Jordan Sunday and Monday to reaffirm US support followi
Published 12 Feb, 2011 04:50am
Japan PM welcomes Mubarak move
Asia

Japan PM welcomes Mubarak move

TOKYO: Japanese Prime Minister Naoto Kan, whose resource-poor country is a major donor to Egypt, on Saturday welcomed Ho
Published 12 Feb, 2011 04:22am
PITD delegation visits TCP

PITD delegation visits TCP

Thirty-five participants of 19th Specialised Training Programme (STP) conducted by Pakistan Institute of Trade and Development for the officers of Commerce & Trade Group, visited Trading Corporation of Pakistan (TCP) at Karachi on Friday. The chairman TCP
Published 12 Feb, 2011 12:00am
Surf Excel lucky draw ceremony held

Surf Excel lucky draw ceremony held

Surf Excel, Pakistan's most trusted laundry brand, has over the past month been advertising a consumer promotion with a brand new Mercedes to be given to a lucky winner in addition to various other prizes. On 25th January 2011, the lucky draw ceremony was
Published 12 Feb, 2011 12:00am
SECP registers 323 companies

SECP registers 323 companies

The Securities and Exchange Commission of Pakistan (SECP) registered 323 companies in January. The highest share in new incorporation was of private companies totalling 290. Other companies include 20 single-member companies, 2 public unlisted companies,
Published 12 Feb, 2011 12:00am
Three die in roof collapse

Three die in roof collapse

Three members of the same family including police constable died due to collapsing roof of their house as they were sleeping on Friday morning about 3:00 am in Mohallah Farooq Abad, Chilas. According to Police control room, roof of house was fallen and co
Published 12 Feb, 2011 12:00am
The 'all issues' Pak-India dialogue

The 'all issues' Pak-India dialogue

Almost a week after their foreign-secretary level talks at Thimphu the governments of Pakistan and India have issued a joint statement spelling out the "agreed outcome" of their meeting. The foreign secretaries have agreed to resume dialogue on "all issue
Published 12 Feb, 2011 12:00am
Stop this wastage

Stop this wastage

The Auditor General's Office informed a sub-committee of the National Assembly's Public Accounts Committee (PAC) the other day of some glaring acts of commission and omission in government departments. The committee was told that out of 18,000 vehicles re
Published 12 Feb, 2011 12:00am
The changing political business cycle

The changing political business cycle

It is open season on politicians round the world and the reasons are not hard to determine. An analysis shows that the modern technologies that have been so ardently allowed and followed by the countries are at the bottom of this information that keeps co
Published 12 Feb, 2011 12:00am
Tunisia's Marzouki reaches out to Islamists

Tunisia's Marzouki reaches out to Islamists

One of Tunisia's main opposition figures and presidential candidates, Moncef Marzouki, confirmed Thursday evening he was in talks with the Islamist movement Al-Nahda about joining forces ahead of planned election. Marzouki, who returned to Tunisia last mo
Published 12 Feb, 2011 12:00am
Australia's broadband battle gets ideological

Australia's broadband battle gets ideological

The United States and Australia share a vision: to have nation-wide networks providing high-speed internet coverage. US President Barack Obama is promising his 310 million countrymen that he can do the job for 18 billion US dollars while the quote from Au
Published 12 Feb, 2011 12:00am
The Egyptian uprising

The Egyptian uprising

The Egyptian president, Hosni Mubarak, who claims to be a past master in obstinacy and having done a PhD in stubbornness would not bow out even if the entire Egypt goes up in flames. His defiance to the will of the Egyptian people must be broken at all co
Published 12 Feb, 2011 12:00am
Proposal to curtail development expenditure slammed

Proposal to curtail development expenditure slammed

Director, International Hardware Association and former Central Chairman Pakistan Hardware Association, Sardar Usman Ghani has strongly criticised the proposal to curtail development expenditures by Rs 140 billion. Ghani, in a statement on Friday said the
Published 12 Feb, 2011 12:00am
PEF to launch skill development programme for students

PEF to launch skill development programme for students

Punjab Education Foundation (PEF) has decided to launch skill development programme, in the first phase, for matriculation students in the districts of Bahawalpur, Bahawalnagar, Lodhran and Muzaffargarh. The programme is aimed at training students about d
Published 12 Feb, 2011 12:00am
Water supply source to twin cities Cherah dam put on hold

Water supply source to twin cities Cherah dam put on hold

The construction of crucial water supply project for Islamabad and Rawalpindi, Cherah Dam on river Soan in the Federal Capital area, has been put on hold after cut in the Federal Public Sector Development Programme (PSDP), sources told Business Recorde
Published 12 Feb, 2011 12:00am
Child custody cases: 'judicial protocol with UK to help resolve issues'

Child custody cases: 'judicial protocol with UK to help resolve issues'

Chief Justice, Lahore High Court, Justice Ijaz Ahmad Chaudhry has said that judicial protocol between United Kingdom and Pakistan on child custody would help resolving such issues amicably. He expressed these views while addressing judicial officers at a
Published 12 Feb, 2011 12:00am
Saarc Chamber hails convening of roundtable

Saarc Chamber hails convening of roundtable

The Saarc Chamber of Commerce and Industry Vice President, Iftkhar Ali Malik has appreciated President Asif Ali Zardai for convening roundtable on national issues, saying it would not only create element of national thinking but also give a sense of owner
Published 12 Feb, 2011 12:00am
Davis remanded to judicial custody for 14 days

Davis remanded to judicial custody for 14 days

Pakistan on Friday sent a US official to jail on judicial remand, pending further murder investigations and a legal tussle over diplomatic immunity in a case that has inflamed ties with Washington. Raymond Davis appeared in a Lahore court accompanied by h
Published 12 Feb, 2011 12:00am
PIA employees' strike: government urged to resolve issue at the earliest

PIA employees' strike: government urged to resolve issue at the earliest

Pakistan Workers Federation (PWF) has urged the government to sensibly resolve the issues and problems being faced by PIA employees on an emergent basis to save the institution in the national interest. The federation, in a meeting held here Friday, expre
Published 12 Feb, 2011 12:00am
Nawaz condoles with Chaudhry Nisar, Sindh chief minister

Nawaz condoles with Chaudhry Nisar, Sindh chief minister

PML-N chief Nawaz Sharif accompanied by Senator Ishaq Dar and Senator Parvaiz Rashid visited the residence of Opposition Leader in the National Assembly Chaudhry Nisar Ali Khan at Chakri to condole with him over the sad demise of his mother. A PML-N spoke
Published 12 Feb, 2011 12:00am
Government employees' unions oppose salary cut

Government employees' unions oppose salary cut

The All Pakistan Government Employees Federation (APGEF), Punjab Government Employees Association, and Income Tax Employees Welfare Association have strongly reacted to government's proposal to curtail government employees' salaries by 25 percent from the
Published 12 Feb, 2011 12:00am
Customs seize smuggled goods worth Rs 46.5 million

Customs seize smuggled goods worth Rs 46.5 million

Directorate of Intelligence & Investigation-FBR, Multan Range during the last two weeks has seized smuggled goods valuing Rs 46.5 million. According to a spokesman of Customs intelligence here on Friday, its Multan range has intensified its campaign again
Published 12 Feb, 2011 12:00am
PIE, Halal Research Council sign MoU

PIE, Halal Research Council sign MoU

The Punjab Industrial Estates (PIE) and Halal Research Council, Pakistan have signed a Memorandum of Understanding (MOU) for the promotion of Halal industries and Halal products related business at the proposed industrial estate in Rahim Yar Khan.
Published 12 Feb, 2011 12:00am
Drawing show at Revivers Galleria commences today

Drawing show at Revivers Galleria commences today

Major drawing show "Lines That Talk" is getting underway at Revivers Galleria in Gulberg here from Saturday (today) evening for which all arrangements have been finalised. The exhibition, which also marks the second anniversary of the gallery, is schedule
Published 12 Feb, 2011 12:00am
Zardari for declaring 2011 'Textile Year'

Zardari for declaring 2011 'Textile Year'

President Asif Ali Zardari on Friday called for declaring 2011 as "Textile Year" to substantially increase cotton cultivation, develop new and high yielding varieties of cotton and attract robust investment to promote textile industry in the country.
Published 12 Feb, 2011 12:00am
Prime Minister withdraws status of nine ministers, MOS

Prime Minister withdraws status of nine ministers, MOS

Prime Minister Syed Yousuf Raza Gilani on Friday withdrew the status of nine Federal Ministers and Ministers of State (MOS). According to the notification of the Cabinet Division, the status of the Federal Ministers or Ministers of State was earlier given
Published 12 Feb, 2011 12:00am
CIA chief unaware of India-Pakistan peace talks?

CIA chief unaware of India-Pakistan peace talks?

Was the head of the Central Intelligence Agency caught unaware of one of the world's biggest developments Thursday: an agreement between India and Pakistan to resume peace talks?
Published 12 Feb, 2011 12:00am
EU announces air ticket sales probes

EU announces air ticket sales probes

European Union regulators announced on Friday two separate investigations into dodgy ticket-sale co-operation between airlines in Germany and Turkey, and Belgium and Portugal.
Published 12 Feb, 2011 12:00am
Pro, anti-Chavez legislators scuffle in Venezuela

Pro, anti-Chavez legislators scuffle in Venezuela

Legislators supporting and opposing leftist President Hugo Chavez engaged in fisticuffs Thursday during a National Assembly session in which cabinet ministers were being questioned. Fighting broke out when the head of the single-chamber legislature, Ferna
Published 12 Feb, 2011 12:00am
China stands behind resource-rich Zimbabwe

China stands behind resource-rich Zimbabwe

Zimbabwe is an important ally to China and Beijing will seek to further strengthen ties, Chinese Foreign Minister Yang Jiechi said of a country isolated by the West under President Robert Mugabe's rule. Mugabe has been shunned by Western countries for dec
Published 12 Feb, 2011 12:00am
Mandela son-in-law's US extradition case thrown out

Mandela son-in-law's US extradition case thrown out

A South African court has thrown out a request by the United States to extradite Nelson Mandela's son-in-law on rape charges. The court struck from the roll the case of Isaac Kwame Amuah, the husband of Mandela's daughter Makaziwe, ruling there was insuff
Published 12 Feb, 2011 12:00am
US Congress former staffer convicted of corruption

US Congress former staffer convicted of corruption

A former US House of Representatives staff member was convicted on corruption charges in a probe linked to disgraced superlobbyist Jack Abramoff, the US Department of Justice said Thursday. A federal jury in the US capital convicted Fraser Verrusio, 41, o
Published 12 Feb, 2011 12:00am
F-35 engine won't be cut from US budget: lawmaker

F-35 engine won't be cut from US budget: lawmaker

House Republicans will not eliminate the alternate engine for the F-35 Joint Strike Fighter in a $515 billion Pentagon budget for the current fiscal year that is due to be unveiled by Friday, the lawmaker who oversees Pentagon funding said.
Published 12 Feb, 2011 12:00am
US and Israel to exit Middle East, says Ahmadinejad

US and Israel to exit Middle East, says Ahmadinejad

President Mahmoud Ahmadinejad said Friday that the Middle East will soon be free of the United States and Israel, as massive crowds of Iranians chanted pro-Egypt and anti-American slogans while marking the 32nd anniversary of the Islamic revolution.
Published 12 Feb, 2011 12:00am
Thousands of south Yemen protesters demand secession

Thousands of south Yemen protesters demand secession

Around 3,000 people took to the streets across southern Yemen in a "Friday of Rage", demanding secession from the north, but heavily deployed security forces quickly stamped out protests, residents said.
Published 12 Feb, 2011 12:00am
Sources in Nato chief's cabinet leaked info to US: cables

Sources in Nato chief's cabinet leaked info to US: cables

Nato chief Anders Fogh Rasmussen's staff keep the United States informed on his upcoming moves and Washington has used the information to counter some of his initiatives, leaked cables showed Friday.
Published 12 Feb, 2011 12:00am
Russia to lose 20 million people by 2050

Russia to lose 20 million people by 2050

Russia's ageing population could plummet by more than 20 million in the next 40 years, the Standard & Poor's ratings agency predicted in a survey of global demographic trends Friday. The population is projected to fall to 116 million by 2050, from 140 mil
Published 12 Feb, 2011 12:00am
Two dead in northern Virginia shootings

Two dead in northern Virginia shootings

Police say two people are dead and four wounded in two related shootings in northern Virginia. Manassas city police spokesman Sgt. Tim Neumann says one person died and three others were shot at 7:30 pm. Thursday in the Georgetown South neighbourhood.
Published 12 Feb, 2011 12:00am
Russia raps Japan over island dispute

Russia raps Japan over island dispute

Russia and Japan crossed swords publicly on Friday over Moscow's invitation for China and South Korea to invest in an island chain at the centre of a dispute that has poisoned ties for half a century.
Published 12 Feb, 2011 12:00am
UN bought 1.25 billion euros in food aid in 2010: agency

UN bought 1.25 billion euros in food aid in 2010: agency

The World Food Programme (WFP), a UN aid agency and one of the biggest food buyers in the world, on Friday said it had procured 1.25 billion euros (1.69 billion dollars) worth of food aid last year. "This food came from 96 nations, including Ethiopia, Vie
Published 12 Feb, 2011 12:00am
Renault 'spy' row over electric car costs

Renault 'spy' row over electric car costs

Alleged spying at French car maker Renault may have targeted the costs involved in making electric cars, its chief executive said in an interview published Friday. Renault and its Japanese partner Nissan have staked their future on electric vehicles and p
Published 12 Feb, 2011 12:00am
US bank standoff ends; police kill armed suspect

US bank standoff ends; police kill armed suspect

A three-hour standoff at a North Carolina bank ended abruptly Thursday when police shot and killed the armed suspect after he led a hostage through the parking lot with a gun to her head. Television footage broadcast live during the dinner hour showed the
Published 12 Feb, 2011 12:00am
Iran's gas pipeline explodes

Iran's gas pipeline explodes

A gas pipeline exploded on Friday in central Iran near the Shia holy city of Qom, without causing casualties or disrupting gas supplies, media reports said. The official IRNA news agency said the blast occurred near Salafchegan, a special free economic zo
Published 12 Feb, 2011 12:00am
16 dead in bloody day for Mexico's drug war

16 dead in bloody day for Mexico's drug war

Six women and a man were shot dead in a bar in the northern Mexican city of Ciudad Juarez late Thursday after gunmen stormed the building, police said. The evening murders came after a bloody day that also saw eight suspected drug cartel members and one s
Published 12 Feb, 2011 12:00am
Clashes between south Sudan army, rebels kill 105

Clashes between south Sudan army, rebels kill 105

A spate of attacks by rebels against the south Sudanese army in the region's troubled Jonglei state killed 105 people, 39 of them civilians, an army spokesman said on Friday, leaving a hard-won truce in tatters. "On the side of the military that includes
Published 12 Feb, 2011 12:00am
I may be sinner but my foes want coup: Berlusconi

I may be sinner but my foes want coup: Berlusconi

Prime Minister Silvio Berlusconi on Friday acknowledged he "sometimes is a sinner" but accused magistrates who want him to stand trial over a sex scandal of using Soviet-style spying to oust him in a political coup.
Published 12 Feb, 2011 12:00am
Swedish Prime Minister made Assange 'enemy number one'

Swedish Prime Minister made Assange 'enemy number one'

A lawyer for Julian Assange argued Friday that Sweden's prime minister had ruined the WikiLeaks founder's chances of a fair trial over rape claims as he attempted to stall his extradition from Britain. In closing arguments in Assange's extradition case, l
Published 12 Feb, 2011 12:00am
Lebanese bank denies US money-laundering charge

Lebanese bank denies US money-laundering charge

The chairman of a Lebanese bank accused by the US of laundering profits from a drug-smuggling ring linked to Hezbollah militants denied any involvement on Friday and said it would co-operate fully with authorities. "To the best of our knowledge I can conf
Published 12 Feb, 2011 12:00am
Ambani group indentifies stock smear brokers

Ambani group indentifies stock smear brokers

India's Reliance Anil Dhirubhai Ambani group said Friday it had identified the brokers it claims spread "baseless sensational charges" that sent its firms' share prices plunging this week. The group, led by Indian billionaire Anil Ambani, has now called f
Published 12 Feb, 2011 12:00am
India renewables' potential hit by costs: World Bank

India renewables' potential hit by costs: World Bank

India could be producing 25 percent of its power from renewables, but prohibitive costs and regulatory hurdles mean its addiction to coal to fuel rapid growth is set to continue, a World Bank report said on Friday. India's energy crunch is seen as a poten
Published 12 Feb, 2011 12:00am
I want to bat entire 50 overs, says Sehwag

I want to bat entire 50 overs, says Sehwag

Hard-hitting Indian opener Virender Sehwag on Friday sounded a warning to rival bowlers ahead of the World Cup, saying he planned to bat right through the innings. Sehwag, who opens the innings with batting superstar Sachin Tendulkar, is known for giving
Published 12 Feb, 2011 12:00am
Model Town United Football Club set for debut

Model Town United Football Club set for debut

Newly-formed Model Town United Football Club (MTUFC) is all set to make debut in Lahore Soccer circle when they will appear in All Punjab Raiders Invitational Cup, scheduled to commence here at Faisal Town on Sunday. Former international and AFC Qualified
Published 12 Feb, 2011 12:00am
Ponting relishes World Cup duel with Tendulkar

Ponting relishes World Cup duel with Tendulkar

Australia captain Ricky Ponting is relishing the opportunity of another batting duel with India's Sachin Tendulkar in what will probably be their last World Cup. Ponting, 36, the tournament's second most prolific batsman behind Tendulkar, said he had alwa
Published 12 Feb, 2011 12:00am
U-21 football team completes Thailand-based training

U-21 football team completes Thailand-based training

Pakistan U-21 football team has completed five days of their camp at National Training Field of Nong Jok Thailand. The camp saw Pakistan put up gallant fight against Thailand U-21 despite 1-2 defeat at Rajamangala National Stadium.
Published 12 Feb, 2011 12:00am
Tsonga and Ljubicic to meet in Rotterdam semi-finals

Tsonga and Ljubicic to meet in Rotterdam semi-finals

Frenchman Jo-Wilfried Tsonga will face Croatia's Ivan Ljubicic for a place in the World Indoor tournament final after they had contrasting paths through the quarter-finals on Friday. Tsonga was handed a walkover after fourth seed Tomas Berdych pulled out
Published 12 Feb, 2011 12:00am
World Cup bonus row is over: French federation

World Cup bonus row is over: French federation

The French Football Federation (FFF) announced on Friday that the debate over the France squad's forfeit of their World Cup bonuses was "definitively closed". "The office of the federal council, which met this Thursday, February 10 under the chairmanship
Published 12 Feb, 2011 12:00am
Giant ball offers inspiration to Sri Lanka team

Giant ball offers inspiration to Sri Lanka team

A giant cricket ball weighing 750 kgs will be displayed at Suriyawaya Stadium in the southern port city of Hambantota during the World Cup opening on February 19 to offer inspiration to the Sri Lanka team. Sri Lanka, the 1996 champions, will host 12 match
Published 12 Feb, 2011 12:00am
School's out for World Cup matches in Bangladesh

School's out for World Cup matches in Bangladesh

Educational institutions in the Bangladesh capital Dhaka and main port of Chittagong will close during World Cup matches in the cities to help ease congestion around the venues, tournament officials said on Friday. Bangladesh meet co-hosts India in the op
Published 12 Feb, 2011 12:00am
Real set to move for Fabregas

Real set to move for Fabregas

Real Madrid are preparing a 60-million-euro offer for Arsenal captain Cesc Fabregas, a deal that could also see the transfer of France striker Karim Benzema to the Gunners, a Spanish sports newspaper said Friday. Fabregas, who has been in the sights of Re
Published 12 Feb, 2011 12:00am
'Fab' five promise batting feast

'Fab' five promise batting feast

Imagine Kevin Pietersen, Sachin Tendulkar, Chris Gayle, Jacques Kallis and Shahid Afridi batting for the same team. Their captain could relax, but not the bowlers in the opposition. Pietersen's improvisation, Tendulkar's strokeplay, Gayle's power-hitting,
Published 12 Feb, 2011 12:00am
South Africa no chokers, says de Villiers

South Africa no chokers, says de Villiers

Choking under pressure is a thing of the past for the new-look South Africa, wicketkeeper-batsman AB de Villiers said on Friday as his team attempts to win the World Cup for the first time. South Africa have been a formidable force ever since they made th
Published 12 Feb, 2011 12:00am
Kiwis confident ahead of World Cup

Kiwis confident ahead of World Cup

New Zealand captain Daniel Vettori said Friday the recent one-day victories against Pakistan had restored some of their confidence ahead of the World Cup. New Zealand lost the home one-day series but managed to win two games against Pakistan to end an 11-
Published 12 Feb, 2011 12:00am
US MIDDAY: gold lower

US MIDDAY: gold lower

Gold retreated below $1,360 an ounce on Friday after the resignation of Egyptian President Hosni Mubarak following weeks of protest took some heat out of risk aversion. Despite Friday's decline, bullion posted its second consecutive weekly gain as fears t
Published 12 Feb, 2011 12:00am
US MIDDAY: copper ends up

US MIDDAY: copper ends up

Copper bounced from a near two-week low to end a shade higher on Friday, as broader market sentiment gradually improved after news of the resignation of Egyptian President Hosni Mubarak. COMEX March copper eased 0.75 cent to settle at $4.5360 per lb, near
Published 12 Feb, 2011 12:00am
US MIDDAY: grains mixed

US MIDDAY: grains mixed

Chicago Board of Trade grain futures were mixed on Friday, with soyabeans lower on pressure from a seasonal shift in export business to South America and a slightly firmer US dollar, traders said. Corn futures rose, holding firm on news from the USDA that
Published 12 Feb, 2011 12:00am
US MIDDAY: soft commodities slip

US MIDDAY: soft commodities slip

Soft commodity futures slipped Friday on broad-based profit-taking as the market seemingly paused to catch its breath after surging strongly this week, analysts said. Arabica coffee pulled back from near a 14-year top, US cocoa eased from a year high and
Published 12 Feb, 2011 12:00am
Gold retreats in Europe

Gold retreats in Europe

Gold retreated towards $1,360 an ounce on Friday from earlier three-week highs as news that Egyptian President Hosni Mubarak had resigned after weeks of protest took some heat out of risk aversion. Mubarak handed over power to the army, ending three decad
Published 12 Feb, 2011 12:00am
Gold pares gains in Asian

Gold pares gains in Asian

Gold erased some of early gains in directionless trade on Friday, under pressure from a drop in ETF holdings to their lowest since late January, a firm US dollar and a lacklustre physical market. Spot gold shed 50 cents to $1,362.40 an ounce by 0639 GMT,
Published 12 Feb, 2011 12:00am
US gold ends lower

US gold ends lower

US gold futures ended down on Thursday as the dollar rose after encouraging job data, with the metal remained lower even as Egypt's President Hosni Mubarak disappointed protesters who had been expecting him to step down. COMEX April gold futures settled d
Published 12 Feb, 2011 12:00am
Liffe sugar ends lower

Liffe sugar ends lower

Liffe March white sugar ends $11.60 lower at $773.80 a tonne on Friday. The contract, which expired at the end of the session, is expected to attract a modest delivery, possibly below 120,000 tonnes. Liffe May cocoa ends 23 pounds higher at 2,199 pounds a
Published 12 Feb, 2011 12:00am
Malaysian palm oil futures rise

Malaysian palm oil futures rise

Malaysian palm oil futures rose 0.7 percent on Friday on concerns that earlier floods and rains could further weaken yields at a time of strong demand despite prices logging their weakest weekly gain in two weeks. Traders expect continued tightening in v
Published 12 Feb, 2011 12:00am
US soyabeans sink

US soyabeans sink

Soyabean futures on the Chicago Board of Trade closed lower on Thursday amid commodity fund selling and corn/soya spreading, pulling back from 2-1/2-year highs set on Wednesday, traders said. The sell-off was partly blamed on the strength of the US dollar
Published 12 Feb, 2011 12:00am
New York cocoa jumps

New York cocoa jumps

US cocoa futures jumped on Thursday to a one-year high on fears that top grower Ivory Coast may extend its month-long cocoa export ban, analysts said. Sugar surged and arabica coffee rumbled to near a 14-year peak as tight supplies in both markets boosted
Published 12 Feb, 2011 12:00am
Indian vegetable oil imports down

Indian vegetable oil imports down

India's vegetable oil imports in January may have fallen 7 percent from December as buyers slowed overseas purchases on high global prices, a Reuters survey shows. Last month, the Malaysian benchmark palm oil contract hit a 33-month high as part of a weat
Published 12 Feb, 2011 12:00am
US oil falls to 10-week low as Mubarak steps down

US oil falls to 10-week low as Mubarak steps down

US oil prices fell to a 10-week low on Friday after Egyptian President Hosni Mubarak stepped down and handed over power to the army. Mubarak's departure came after 18 days of mass protests that had raised concern about potential for supply disruptions and
Published 12 Feb, 2011 12:00am
Copper rises, tin strikes record at $31,800 a tonne

Copper rises, tin strikes record at $31,800 a tonne

Copper turned positive on Friday after Hosni Mubarak stepped down as Egypt's president, as a resolution of the country's political crisis boosted investors' risk appetite, but concerns about Chinese demand capped gains. Copper for three-months delivery on
Published 12 Feb, 2011 12:00am
Shanghai copper falls

Shanghai copper falls

London copper edged higher on Friday, trading around $10,000 a tonne, but an earlier attempt to set a new high was thwarted, and the risk of retracement grew with bullish investors increasingly frustrated by the market's inability to press on. Shanghai's
Published 12 Feb, 2011 12:00am
US copper rises

US copper rises

Copper bounced to a firmer finish on Thursday, as chart-based buyers returned to the market following a three-day phase of consolidation that saw prices fall further away from record levels. Copper has surrendered more than 3 percent of its value since hi
Published 12 Feb, 2011 12:00am
New York cotton hits 150-year high, $2 targeted for next week

New York cotton hits 150-year high, $2 targeted for next week

US cotton futures rallied Friday to a 150-year peak on trade and speculative buying as very tight supplies were expected to push the market to the unheard of level of $2 a lb by next week, analysts said. The key March cotton contract on ICE Futures US ros
Published 12 Feb, 2011 12:00am
World leaders hail Mubarak's resignation

World leaders hail Mubarak's resignation

World leaders hailed Hosni Mubarak's decision on Friday to step down as Egyptian president after 30 years in power, saying they shared the joy of Egyptians and hoped the transition to democracy would be peaceful. "Today is a day of great joy," German Chan
Published 12 Feb, 2011 12:00am
Egyptians achieved 'great victory': Iran

Egyptians achieved 'great victory': Iran

Iran said on Friday that Egyptians have achieved a "great victory," after it was announced that president Hosni Mubarak had stepped down. "The conquest by the will of the great Egyptian nation over the resistance and persistence of officials who were depe
Published 12 Feb, 2011 12:00am
Swiss freeze possible Mubarak assets

Swiss freeze possible Mubarak assets

Switzerland has frozen assets possibly belonging to Hosni Mubarak, who stepped down as president of Egypt on Friday after 30 years of rule, a spokesman for the foreign ministry said. "I can confirm that Switzerland has frozen possible assets of the former
Published 12 Feb, 2011 12:00am
US unveils housing market overhaul

US unveils housing market overhaul

The Treasury Department proposed Friday to set a mandatory 10 percent down payment for US home buyers and to wind down state-backed mortgage lenders that have underpinned the housing market for 40 years. "The plan is for fundamental reform, to wind down t
Published 12 Feb, 2011 12:00am
Germany with ECB headache as Weber quits race

Germany with ECB headache as Weber quits race

Bundesbank boss Axel Weber pulled out of pole position in the race to become the next European Central Bank chief on Friday, dashing Berlin's hopes of having a German in the post for the first time. After days of speculation, Axel Weber told Chancellor An
Published 12 Feb, 2011 12:00am
Greece must continue reforms, sell state assets: EU-IMF

Greece must continue reforms, sell state assets: EU-IMF

Greece is "broadly" on track with tough austerity measures but "major reforms" lie ahead along with a 50-billion-euro privatisation drive, EU and IMF auditors inspecting Greek finances said Friday.
Published 12 Feb, 2011 12:00am
US lawmakers hammer China on currency 'cheating'

US lawmakers hammer China on currency 'cheating'

Accusing China of building a "Great Wall" of unfair trade practices, US lawmakers unveiled legislation Thursday to retaliate against Beijing for allegedly killing US jobs by manipulating its currency. "US manufacturers, we know, can compete with anyone. B
Published 12 Feb, 2011 12:00am
US takes two China trade disputes to WTO

US takes two China trade disputes to WTO

The United States said Friday it had taken trade disputes with China over US steel imports and electronic payment services to the World Trade Organisation. The US requested the Geneva-based WTO to establish two panels to settle the disputes, US Trade Repr
Published 12 Feb, 2011 12:00am
India industrial output growth falls

India industrial output growth falls

India's industrial output grew at its weakest pace in 20 months in December, expanding just 1.6 percent from a year earlier, data Friday showed, stoking concern that the economy is cooling.
Published 12 Feb, 2011 12:00am
Canada takes fight over EU seal ban to WTO

Canada takes fight over EU seal ban to WTO

The government of Canada has formally challenged a European Union seal products ban at the World Trade Organisation, it announced Friday after negotiations failed to resolve the trade row. "The government of Canada remains committed to defending Canada's
Published 12 Feb, 2011 12:00am
South Korea skips rate rise

South Korea skips rate rise

South Korea's central bank surprised markets on Friday by keeping interest rates on hold at 2.75 percent, indicating it wanted more time to assess the impact of a rate rise in January before moving again to tackle inflation. Most analysts had expected a r
Published 12 Feb, 2011 12:00am
US trade gap widens as China deficit hits record

US trade gap widens as China deficit hits record

The US trade deficit grew in December as imports rose at the fastest pace since June, while the politically sensitive gap with China hit a record for the year, official data showed Friday.
Published 12 Feb, 2011 12:00am
Consumer sentiment hits eight-month high

Consumer sentiment hits eight-month high

US consumer sentiment rose to an eight-month high in early February, boosted by recent tax cuts and optimism about the labour market, but consumers were less sanguine about the economy in the longer term.
Published 12 Feb, 2011 12:00am
UK producer prices surge

UK producer prices surge

British firms' input costs rose last month at their fastest annual rate in more than two years and factory gate prices also accelerated, raising pressure on the Bank of England to raise rates sooner rather than later.
Published 12 Feb, 2011 12:00am
Deutsche Boerse and NYSE deal faces antitrust snags

Deutsche Boerse and NYSE deal faces antitrust snags

Deutsche Boerse AG's planned take-over of NYSE Euronext faces intense scrutiny from German regulators and European antitrust authorities, potentially imperilling the blockbuster exchange tie-up.
Published 12 Feb, 2011 12:00am
Gazprom to hike Europe exports, prices

Gazprom to hike Europe exports, prices

Russia's gas giant Gazprom plans to boost its European exports by nine percent this year and hike prices by 15 percent, reports said Friday, quoting a company presentation to investors. Gazprom plans to export 151.5 billion cubic meters of gas in 2011, up
Published 12 Feb, 2011 12:00am
Key sterling Libor rates slip

Key sterling Libor rates slip

Key sterling interbank rates slipped for the first time in three weeks on Friday after the Bank of England left interest rates unchanged but bets of a hike by mid-year capped the rally in short-term UK money markets. The BoE left main borrowing costs unch
Published 12 Feb, 2011 12:00am
Yuan ends down

Yuan ends down

The yuan ended down against the dollar on Friday after the People's Bank of China set a sharply weaker mid-point in an apparent expression of displeasure to renewed US pressure for the Chinese currency to appreciate. But traders said Beijing's gesture was
Published 12 Feb, 2011 12:00am
Won down, baht rises

Won down, baht rises

The South Korean won led overall declines in emerging Asian currencies on Friday as the central bank surprised markets by keeeping interest rates on hold and as foreign investors continued to sell stocks in the region. Asian currencies had enjoyed nearly
Published 12 Feb, 2011 12:00am
Australian dollar falls below parity

Australian dollar falls below parity

The Australian dollar fell below parity on Friday after the country's central bank said interest rates were likely to be on hold until late in the year, while the New Zealand dollar followed to a three-week low. The Aussie dollar shed half a cent to a wee
Published 12 Feb, 2011 12:00am
Indian rupee snaps two-day fall

Indian rupee snaps two-day fall

The Indian rupee recovered from a near two-week low on Friday tracking sharp gains in domestic shares in late trade and boosted by some dollar inflows from a large pharmaceutical company. The partially convertible rupee closed at 45.68/69 per dollar, slig
Published 12 Feb, 2011 12:00am
Swiss franc hits one-month low

Swiss franc hits one-month low

The dollar rose to a one-month high versus the Swiss franc on Friday, buoyed by solid US economic data while the franc stayed pressured by weaker-than-expected Swiss inflation data. The dollar solidly outperformed other currencies the previous day after a
Published 12 Feb, 2011 12:00am
Dollar solidly outperforms rivals

Dollar solidly outperforms rivals

The dollar solidly outperformed rival currencies on Thursday after a fall in US jobless claims, with more gains foreseen against the euro on concerns that Europe is not adequately tackling its debt crisis. The dollar rose for a seventh straight day agains
Published 12 Feb, 2011 12:00am
Midday trade in New York: dollar gains broadly versus euro and yen

Midday trade in New York: dollar gains broadly versus euro and yen

The US dollar rose against the euro on Friday, shaking off a brief dip after Egyptian President Hosni Mubarak stepped down as investors have widely priced in his exit and technical factors weighed on the single currency. The euro, which hit a three-week l
Published 12 Feb, 2011 12:00am
Euro falls in London

Euro falls in London

The euro fell on Friday following a new bout of market jitters over the eurozone's sovereign debt problems, while the dollar struck a one-month high against the yen after data underscored recovery in the US jobs market. US Treasury yields have spiked this
Published 12 Feb, 2011 12:00am
Dollar up versus yen in Asia

Dollar up versus yen in Asia

The dollar touched a one-month high against the yen on Friday after data underscored that the US labour market was on the mend, while the Australian dollar fell after its central bank said interest rates were likely to stay on hold for some time. The doll
Published 12 Feb, 2011 12:00am
Sterling falls

Sterling falls

Sterling slipped versus a broadly stronger dollar on Friday, after buying driven by speculation of a UK interest rate rise stalled in the absence of clarity from the central bank on when a hike might occur. Traders said selling by a European bank helped t
Published 12 Feb, 2011 12:00am
FTSE rallies as Mubarak steps down

FTSE rallies as Mubarak steps down

Commodity and banking stocks drove Britain's FTSE 100 share index higher on Friday as traders welcomed the decision of the Egyptian President Hosni Mubarak to resign. Egypt's Vice President Omar Suleiman said in a televised statement on Friday that Presid
Published 12 Feb, 2011 12:00am
Indian shares snap three-day fall

Indian shares snap three-day fall

Indian shares snapped a three-day losing streak and gained 1.5 percent on Friday, helped by a gains in financials and a late recovery in Anil Ambani shares. However, the benchmark index still shed 1.6 percent this week and posted its third straight weekly
Published 12 Feb, 2011 12:00am
Australian shares break winning streak

Australian shares break winning streak

Australian stocks broke a seven-day winning streak to close 0.7 percent weaker on Friday as Rio Tinto led mining stocks lower after investors punished the global miner for a smaller-than-expected share buyback. Shares in Rio Tinto, whose smaller than expe
Published 12 Feb, 2011 12:00am
European shares end higher

European shares end higher

Europe's shares ended a three-day losing streak on Friday, with commodity stocks boosted by news that embattled Egyptian President Hosni Mubarak had stepped down. Mubarak stepped down after 30 years of rule, handing power to the army and bowing to relentl
Published 12 Feb, 2011 12:00am
Hong Kong shares post worst week in nine months

Hong Kong shares post worst week in nine months

Hong Kong shares eked out gains on Friday but posted their worst weekly decline in nine months as investors took profits in Greater China markets that have outperformed the region so far this year. The benchmark Hang Seng Index closed up 0.5 percent on th
Published 12 Feb, 2011 12:00am
Taiwan stocks tumble

Taiwan stocks tumble

Taiwan stocks fell for a fourth session on Friday, shedding 2.57 percent in the biggest one-day percentage fall since May and leading declines in Asian markets amid an aversion to risk and profit taking by foreign investors. The main TAIEX share index fel
Published 12 Feb, 2011 12:00am
US yields resume upward trek

US yields resume upward trek

US Treasury prices succumbed to modest profit-taking, allowing yields to resume their trek higher on Thursday after a rally in the previous session briefly interrupted the bond market's losing streak. Medium- and long-term Treasury yields have been on the
Published 12 Feb, 2011 12:00am
US yields resume upward trek

US yields resume upward trek

US Treasury prices succumbed to modest profit-taking, allowing yields to resume their trek higher on Thursday after a rally in the previous session briefly interrupted the bond market's losing streak. Medium- and long-term Treasury yields have been on the
Published 12 Feb, 2011 12:00am
Nasdaq, S&P eke out gains

Nasdaq, S&P eke out gains

The S&P and Nasdaq eked out gains in the final minutes of trading on Thursday as Egyptian President Hosni Mubarak said he would delegate powers to the vice president. Weakness in Cisco Systems Inc brought the Dow's eight-day rally to an end after the netw
Published 12 Feb, 2011 12:00am
Seoul shares fall

Seoul shares fall

Seoul shares ended lower on Friday despite a central bank decision to keep interest rates on hold, as foreign selling continued on persistent worries about inflation and monetary tightening. Foreign net selling stood at 615.7 billion won versus a three-mo
Published 12 Feb, 2011 12:00am
Corruption scandals hit India funds in January

Corruption scandals hit India funds in January

Corruption scandals and an investor pullback from emerging markets left Indian equity funds among the worst performers in January, while euro zone funds proved the biggest gainers, Lipper data showed. Funds investing in the world's largest democracy repre
Published 12 Feb, 2011 12:00am
Corruption scandals hit India funds in January

Corruption scandals hit India funds in January

Corruption scandals and an investor pullback from emerging markets left Indian equity funds among the worst performers in January, while euro zone funds proved the biggest gainers, Lipper data showed. Funds investing in the world's largest democracy repre
Published 12 Feb, 2011 12:00am
India's 2010-11 sugar output estimates down

India's 2010-11 sugar output estimates down

Global sugar brokerages and Indian industry have been scaling down estimates for India's 2010/11 output, which is becoming more crucial in the world market after bad weather hit the crop in Australia, a leading exporter. The government has said output wil
Published 12 Feb, 2011 12:00am
Prices sharply higher on cotton market

Prices sharply higher on cotton market

Rates were sharply higher on the cotton market on Friday amid persisting demand and continued rise in the global market, dealers said. Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 11,500, they said. Phutti prices in Sindh and Pu
Published 12 Feb, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 89,685 tonnes of cargo including 54,009 tonnes of import cargo, 35,676 tonnes of export cargo, 2,919 loaded and empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 54,009 tonnes comprised
Published 12 Feb, 2011 12:00am
US corn prices slip from peak

US corn prices slip from peak

US corn prices slipped back slightly from the prior session's 31-month peak but remained underpinned by strong export demand and tight stocks while US wheat and soyabeans posted modest gains. Dealers said the corn market was consolidating after its steep
Published 12 Feb, 2011 12:00am
India's grain stocks surge

India's grain stocks surge

India's February grain stocks more than doubled on bumper harvests and curbs on rice and wheat exports, government sources said on Friday, bolstering the case for select food exports to take advantage of higher global prices. On February 1, wheat stocks w
Published 12 Feb, 2011 12:00am
Canadian canola futures sharply lower

Canadian canola futures sharply lower

ICE Canadian canola futures were sharply lower Thursday afternoon and down from recent 2-1/2 year highs on profit taking in the wake of steep declines in US soybean futures, traders said. Hedge selling was noted as farmers took advantage of this week's hi
Published 12 Feb, 2011 12:00am
No change on grain market

No change on grain market

All the rates were unchanged on the wholesale grain and seed market on Friday as most of the participants were busy in preparations for Juma prayers, grain and sees merchants group's press release said.
Published 12 Feb, 2011 12:00am
Ivory Coast lost 100,000 tonnes of cocoa due to smuggling

Ivory Coast lost 100,000 tonnes of cocoa due to smuggling

About 100,000 tonnes of cocoa beans have been smuggled out of top grower Ivory Coast so far this season, the regulatory body said, indicating this year's harvest to date is well above 1 million tonnes. A halt to cocoa-buying in Ivory Coast because of sanc
Published 12 Feb, 2011 12:00am
Russia needs grain reserve for emergency exports

Russia needs grain reserve for emergency exports

Russia should create a special export grain reserve of 3-5 million tonnes for emergency shipments to top clients, mainly in north Africa and the Middle East, a leading agricultural analyst said on Friday. Countries in the Middle East and north Africa have
Published 12 Feb, 2011 12:00am
Art Facts: Sadequain - a legendary artist

Art Facts: Sadequain - a legendary artist

Sadequain one of the talented artists that emerged on the Pakistan art scene in mid-50s was snatched away by the cruel hands of death on 10 February, 1987. A self-taught artist - Syed Sadequain Ahmed Naqvi was born in 1930 at Amroha (India) and migrated t
Published 12 Feb, 2011 12:00am
An ocean within a bubble

An ocean within a bubble

In an atmosphere laden with fear, mistrust and misunderstanding, the exhibition Darya ba Hubab Andar at Koel is an oasis of sanity. The exhibition draws on a wide range of sources in a distillation of its ethos, titled after a verse of the saint Hazrat Na
Published 12 Feb, 2011 12:00am
KARACHI CHRONICLE: Festivals and food for thought

KARACHI CHRONICLE: Festivals and food for thought

Huge crowds packed the halls in the hotel by the creek where the 2nd Karachi Literature Festival was held last weekend. One ought to fervently pray for the long life of the festival. Merely wishing the event will become a permanent tradition is not enough
Published 12 Feb, 2011 12:00am
US denies threatening Pakistan over Davis issue

US denies threatening Pakistan over Davis issue

A US official on Friday denied that Washington had threatened to downgrade its diplomatic relations with Islamabad in an attempt to secure the release of one of its citizens held for double murder in Pakistan. A report earlier Friday by ABC News said US N
Published 12 Feb, 2011 12:00am
Life and teachings of the last Messenger of Allah

Life and teachings of the last Messenger of Allah

The blessing Birth of Prophet (PBUH) was an epoch-making event in the history of human civilization. The teachings of the last Prophet (PBUH), Messenger of Islam, brought a sudden crack in the long tradition of superstitions, false sense of honour, immora
Published 12 Feb, 2011 12:00am
US denies threatening Pakistan over Davis issue

US denies threatening Pakistan over Davis issue

A US official on Friday denied that Washington had threatened to downgrade its diplomatic relations with Islamabad in an attempt to secure the release of one of its citizens held for double murder in Pakistan. A report earlier Friday by ABC News said US N
Published 12 Feb, 2011 12:00am
Identity: Pakistani

Identity: Pakistani

The national identity of any state consists of an amalgamation of cultural elements to which the majority of the nation's citizens can relate. These cultural elements are both varied and diverse, including religious, linguistic and gastronomic aspects to
Published 12 Feb, 2011 12:00am
Mubarak steps down

Mubarak steps down

A furious wave of protest swept Egypt's President Hosni Mubarak from power on Friday after 30 years of one-man rule, sparking jubilation on the streets and sending a warning to autocrats across the Arab world and beyond. Mubarak, the second Arab leader to
Published 12 Feb, 2011 12:00am
Book Reviews: Labour movement in Pakistan

Book Reviews: Labour movement in Pakistan

Khurshid Ahmad, is a veteran trade union activist who has been working in the trade union movement for past half a century. Khurshid has been associated with the founders of labour movement in the Sub-continent namely Bashir Ahmad Bakhtiar and Mirza Moham
Published 12 Feb, 2011 12:00am
Mubarak steps down

Mubarak steps down

A furious wave of protest swept Egypt's President Hosni Mubarak from power on Friday after 30 years of one-man rule, sparking jubilation on the streets and sending a warning to autocrats across the Arab world and beyond. Mubarak, the second Arab leader to
Published 12 Feb, 2011 12:00am
'Political Dynamics of Sindh'

'Political Dynamics of Sindh'

The book "Political Dynamics of Sindh 1947-1977" is based on the PhD dissertation of Dr Tanvir Ahmed Tahir who holds Masters degrees in Political Science and Journalism and is also a law graduate. (There are numerous people who pass exams through learning
Published 12 Feb, 2011 12:00am
Obama urges move to 'genuine democracy'

Obama urges move to 'genuine democracy'

US President Barack Obama said on Friday the resignation of Egyptian President Hosni Mubarak reflected the will of the Egyptian people and called on the country's powerful military to ensure a transition to "genuine democracy." Obama spoke after Mubarak h
Published 12 Feb, 2011 12:00am
BRIDGE NOTES: Making grand slam the hard way

BRIDGE NOTES: Making grand slam the hard way

Grand slams are not easy to bid. For they require precision and accuracy in locating the key cards and be able to visualise the proper distribution for 13 tricks to make. Many useful devices in systems of bidding have been developed for locating the ideal
Published 12 Feb, 2011 12:00am
Obama urges move to 'genuine democracy'

Obama urges move to 'genuine democracy'

US President Barack Obama said on Friday the resignation of Egyptian President Hosni Mubarak reflected the will of the Egyptian people and called on the country's powerful military to ensure a transition to "genuine democracy." Obama spoke after Mubarak h
Published 12 Feb, 2011 12:00am
Markets up as Mubarak quits

Markets up as Mubarak quits

US stocks rose on Friday after President Hosni Mubarak resigned, helping clear Egypt's clouded political picture and lifting investor sentiment. Two weeks of anti-government protests in Egypt had given rise to concern the unrest could spread across the re
Published 12 Feb, 2011 12:00am
Markets up as Mubarak quits

Markets up as Mubarak quits

US stocks rose on Friday after President Hosni Mubarak resigned, helping clear Egypt's clouded political picture and lifting investor sentiment. Two weeks of anti-government protests in Egypt had given rise to concern the unrest could spread across the re
Published 12 Feb, 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 12 Feb, 2011 12:00am
Markets up as Mubarak quits

Markets up as Mubarak quits

US stocks rose on Friday after President Hosni Mubarak resigned, helping clear Egypt''s clouded political picture and lifting investor sentiment. Two weeks of anti-government protests in Egypt had given rise to concern the unrest could spread across the r
Published 12 Feb, 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 12 Feb, 2011 12:00am
Arab unrest: perspectives -V

Arab unrest: perspectives -V

Hosni Mubarak was finally thrown under the bus. A clear US message to those countries that are under the cusp of change: Washington will no longer prefer stability to democracy. The present Arab world situation has presented itself in the shape of a formi
Published 12 Feb, 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 (February 11, 2011).

Published 12 Feb, 2011 12:00am
Arab unrest: perspectives -V

Arab unrest: perspectives -V

Hosni Mubarak was finally thrown under the bus. A clear US message to those countries that are under the cusp of change: Washington will no longer prefer stability to democracy. The present Arab world situation has presented itself in the shape of a formi
Published 12 Feb, 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 (February 11, 2011).

Published 12 Feb, 2011 12:00am
Pakistan could risk facing rating downgrade: Moody's

Pakistan could risk facing rating downgrade: Moody's

Pakistan could face the risk of a ratings downgrade if it fails to quickly implement reforms to address a growing fiscal deficit, Moody's Investors Service said on Friday. Moody's currently has a B3 rating for Pakistan.
Published 12 Feb, 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 (February 11, 2011).

Published 12 Feb, 2011 12:00am
Pakistan could risk facing rating downgrade: Moody's

Pakistan could risk facing rating downgrade: Moody's

Pakistan could face the risk of a ratings downgrade if it fails to quickly implement reforms to address a growing fiscal deficit, Moody's Investors Service said on Friday. Moody's currently has a B3 rating for Pakistan.
Published 12 Feb, 2011 12:00am
Pakistan could risk facing rating downgrade: Moody''s

Pakistan could risk facing rating downgrade: Moody''s

Pakistan could face the risk of a ratings downgrade if it fails to quickly implement reforms to address a growing fiscal deficit, Moody''s Investors Service said on Friday. Moody''s currently has a B3 rating for Pakistan.
Published 12 Feb, 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 (February 11, 2011).

Published 12 Feb, 2011 12:00am
Nadeem new PIA managing director as Aijaz resigns

Nadeem new PIA managing director as Aijaz resigns

Nadeem Yousuf Zai has been appointed as new Managing Director of Pakistan International Airlines (PIA) after the resignation of Aijaz Haroon, Aaj News reported on Friday. According to the channel, Nadeem Yousuf Zai is presently working as Director
Published 12 Feb, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (February 11, 2011).
Published 12 Feb, 2011 12:00am
Nadeem new PIA managing director as Aijaz resigns

Nadeem new PIA managing director as Aijaz resigns

Nadeem Yousuf Zai has been appointed as new Managing Director of Pakistan International Airlines (PIA) after the resignation of Aijaz Haroon, Aaj News reported on Friday. According to the channel, Nadeem Yousuf Zai is presently working as Director
Published 12 Feb, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (February 11, 2011).

Published 12 Feb, 2011 12:00am
Nadeem new PIA managing director as Aijaz resigns

Nadeem new PIA managing director as Aijaz resigns

Nadeem Yousuf Zai has been appointed as new Managing Director of Pakistan International Airlines (PIA) after the resignation of Aijaz Haroon, Aaj News reported on Friday. According to the channel, Nadeem Yousuf Zai is presently working as Director
Published 12 Feb, 2011 12:00am
Index sheds 244 points

Index sheds 244 points

The KSE-100 index on Friday registered heavy loss of 244.13 points and closed at 11,943.34 points due to panic-selling in the second half of trading session. The market opened on a positive note on the back of foreign investors' support. However, the mome
Published 12 Feb, 2011 12:00am
Index sheds 244 points

Index sheds 244 points

The KSE-100 index on Friday registered heavy loss of 244.13 points and closed at 11,943.34 points due to panic-selling in the second half of trading session. The market opened on a positive note on the back of foreign investors' support. However, the mome
Published 12 Feb, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (February 11, 2011).

Published 12 Feb, 2011 12:00am
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