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Archive - 2011-02-18
Packages Ltd declares dividend
Markets

Packages Ltd declares dividend

KARACHI: Packages Ltd has reported a lower loss after tax of Rs 332.425 million for the year ending December 31, 2010 an
Published 18 Feb, 2011 05:11pm
HBL declares bonus, dividend
Markets

HBL declares bonus, dividend

KARACHI: Habib Bank Ltd (HBL) posted a higher consolidated record profit after tax of Rs 17.034 billion for the year end
Published 18 Feb, 2011 04:55pm
AIG Taiwan unit sale faces union hurdles
Top News

AIG Taiwan unit sale faces union hurdles

TAIPEI: Bailed-out insurer AIG is facing fresh hurdles in its second attempt to sell its Nan Shan unit in Taiwan, with a
Published 18 Feb, 2011 10:47am
Taliban suicide attack kills nine
Top News

Taliban suicide attack kills nine

KHOST: Nine people including a policeman were killed and 40 others were wounded on Friday in a Taliban suicide car bomb
Published 18 Feb, 2011 10:09am
LHC orders to impound US vehicle
Top News

LHC orders to impound US vehicle

LAHORE: Lahore High Court on Friday ordered authorities concerned to impound the US vehicle that crushed to death a Paki
Published 18 Feb, 2011 08:09am
Japan shares flat by noon
Financial

Japan shares flat by noon

TOKYO: Japanese shares ended Friday morning flat with buying by foreign investors offset by profit-taking after the Nikk
Published 18 Feb, 2011 05:35am
Nine die in Libya's 'Day of Anger'
Top News

Nine die in Libya's 'Day of Anger'

NICOSIA: At least nine people were reported killed in Libya during a "Day of Anger" against strongman Moamer Kadhafi
Published 18 Feb, 2011 05:20am
Save remittances for the future
BR Research

Save remittances for the future

In the midst of gloomy macroeconomic indicators, the handsome sum remitted by overseas Pakistanis working abroad is making headlines these d
Published 18 Feb, 2011 12:00am
DG Khan Cement
BR Research

DG Khan Cement

Amid weak sales volume, high manufacturing and operating costs squeezed the bottom-line of D.G Khan Cement Company by more than half to Rs19
Published 18 Feb, 2011 12:00am
ICI: growing with diversity
BR Research

ICI: growing with diversity

If it could be helped, ICI Pakistan would put up the PSF segment on a pedestal for the commendable performance in CY2010. The top line of th
Published 18 Feb, 2011 12:00am
Shanghai copper falls

Shanghai copper falls

London copper fell 1 percent on Thursday, reversing earlier gains that saw the market back above $9,900 as worries about inflation and the demand-stifling effect of prices near highs kept sentiment in check. Shanghai's most active copper contract dropped
Published 18 Feb, 2011 12:00am
US copper down

US copper down

Copper ended down for a second straight day on Wednesday, sinking further away from this week's record high, as concerns about rising inflation and restrained growth prospects in emerging world economies began to bite. COMEX copper for March delivery fell
Published 18 Feb, 2011 12:00am
US core inflation fastest in more than a year

US core inflation fastest in more than a year

US core consumer prices rose at the fastest pace in more than a year in January, indicating a long period of slowing inflation had run its course. The Labour Department said on Thursday its core Consumer Price Index, which excludes food and energy costs,
Published 18 Feb, 2011 12:00am
Remarkable opening of World Cup 2011 in Dhaka

Remarkable opening of World Cup 2011 in Dhaka

Bangladeshis cast aside their usual docile and reserved image on Thursday and proudly displayed their sporting passion at the gala opening ceremony of the Cricket World Cup later in the capital.
Published 18 Feb, 2011 12:00am
No Twitter use: ICC

No Twitter use: ICC

Players and officials have been barred from using social networking site Twitter during World Cup matches as a precautionary measure against possible corruption, the International Cricket Council (ICC) said. The move to bar team managers, along with playe
Published 18 Feb, 2011 12:00am
Ufone offers cash prizes to best Pakistani performers

Ufone offers cash prizes to best Pakistani performers

Ufone will be offering cash prizes at the end of the Cricket World Cup 2011 to the player who hits the most fours and sixes put together, to the bowler who takes the maximum wickets and to the bowler who takes the maximum hat tricks.
Published 18 Feb, 2011 12:00am
Thailand Football Tour: Pakistan to play Air Force United today

Thailand Football Tour: Pakistan to play Air Force United today

Pakistan aim to get another good result when they will play their fourth warm up match of Thailand Tour on Friday (today) against Thai Division One League team Air Force United at Rangsit's Thupatemee Stadium. Air Force United have been one of the most su
Published 18 Feb, 2011 12:00am
South Asian crowds make Pakistan feel home: Afridi

South Asian crowds make Pakistan feel home: Afridi

Pakistan's players may miss playing at home but they reckon that performing in front of South Asian crowds at the World Cup will be the next best thing, according to captain Shahid Afridi. The International Cricket Council stripped Pakistan of the right t
Published 18 Feb, 2011 12:00am
Three players dope-tested: Shoaib, Wahab fined for late night

Three players dope-tested: Shoaib, Wahab fined for late night

Pakistan's mercurial fast bowler Shoaib Akhtar was among three team-mates who were taken for random dope testing ahead of the World Cup, a official confirmed on Thursday. Akhtar, 35, wicket-keeper Kamran Akmal, 29, and seamer Umar Gul, 26, were tested aft
Published 18 Feb, 2011 12:00am
Rafia Halim greets Diya Football Club

Rafia Halim greets Diya Football Club

Department of Sports and Youth Affairs, Government of Sindh held a reception in honour of a bunch of players and officials of the Diya Women Football Club here at a local hotel, recently.
Published 18 Feb, 2011 12:00am
Haroon Yousuf becomes PMC Athletico coach

Haroon Yousuf becomes PMC Athletico coach

Most-capped Pakistan skipper Haroon Yousuf, National Games Gold medalist 19 years ago at Lahore, became the head coach of PMC Athletico Club Faisalabad U-13 Football team for coming 13th National U-13 Festival of Football. Haroon, completed AFC C-Certific
Published 18 Feb, 2011 12:00am
Arsenal rock Barca, Shakhtar pile on Roma misery

Arsenal rock Barca, Shakhtar pile on Roma misery

Barcelona suffered a 2-1 defeat at Arsenal and AS Roma's miserable run continued with a 3-2 home loss to Shakhtar Donetsk in Champions League last-16 first-round matches on Wednesday. For once, Lionel Messi's goalscoring instincts deserted him as Barcelon
Published 18 Feb, 2011 12:00am
Kenya's board chief blasts ICC

Kenya's board chief blasts ICC

The head of Kenya's cricket board criticised the ICC on Thursday for plans that are set to exclude lower-tier teams from the 2015 World Cup, saying a reduced, 10-country tournament would be "a farce" and bad for the game's development.
Published 18 Feb, 2011 12:00am
Security chiefs promising rock solid defence

Security chiefs promising rock solid defence

Never mind the players or fans, it is the security chiefs responsible for the safety of the teams and hundreds of thousands of spectators who so far sound most confident ahead of the Cricket World Cup. The six-week festival of cricket in the subcontinent
Published 18 Feb, 2011 12:00am
Alpine Skiing: Maze gives Slovenia's first world title

Alpine Skiing: Maze gives Slovenia's first world title

Tina Maze won gold in the giant slalom at the world championships on Thursday to give Slovenia their first major alpine skiing title since the country became independent in 1991. Ironically, a maiden victory for the former Yugoslav republic came from a sk
Published 18 Feb, 2011 12:00am
Bad audit compounded Kabul Bank woes

Bad audit compounded Kabul Bank woes

Afghan officials say an ``erroneous' audit and inadequate help from international banking advisers compounded long-running financial problems at the embattled Kabul Bank. The comments came after a top US Treasury Department official visited Kabul Thursday
Published 18 Feb, 2011 12:00am
US fines Delta Air $2 million over disabilities rules

US fines Delta Air $2 million over disabilities rules

The US Department of Transportation fined Delta Air Lines $2 million for violating federal rules on passengers with disabilities, it said on Thursday. The fine is the largest ever imposed against an airline in a non-safety related case.
Published 18 Feb, 2011 12:00am
Honda to recall nearly 700,000 vehicles globally

Honda to recall nearly 700,000 vehicles globally

Japanese automaker Honda on Thursday said it was recalling nearly 700,000 vehicles worldwide due to defective parts that could stall the engine and cause problems restarting in certain models. The move comes after the car giant was forced to call back abo
Published 18 Feb, 2011 12:00am
US slaps sanctions on Iran's Bank Refah

US slaps sanctions on Iran's Bank Refah

The United States imposed sanctions Thursday on Iran's Bank Refah for its ties with the country's proscribed weapons programs. The US Treasury Department accused Bank Refah of providing financial services to the Iranian Ministry of Defence and Armed Force
Published 18 Feb, 2011 12:00am
Desperate Ivorians queue for cash as banks close

Desperate Ivorians queue for cash as banks close

Ivory Coast's biggest bank, a unit of Societe Generale, suspended operations on Thursday, the latest in an exodus of foreign banks that is turning a political crisis into financial meltdown. Shutters were down on branches across Abidjan, the main city, wh
Published 18 Feb, 2011 12:00am
Emergency borrowing from ECB soars to 15 billion euros

Emergency borrowing from ECB soars to 15 billion euros

Emergency overnight borrowing from the European Central Bank jumped to near a two-year high, leaving money market traders wondering whether a bank was in trouble or if the spike was down to a simple data input error.
Published 18 Feb, 2011 12:00am
Taiwan growth at 24-year high

Taiwan growth at 24-year high

Taiwan said Thursday its economy grew 10.82 percent in 2010, its fastest rate for 24 years, fuelled by rapid expansion in the island's main trading partner China. The data from the Directorate General of Budget, Accounting and Statistics is a slight impro
Published 18 Feb, 2011 12:00am
IMF urges targeted subsidies in Middle East

IMF urges targeted subsidies in Middle East

The International Monetary Fund on Wednesday urged Middle East countries to target government subsidies at the poorest households after a wave of social unrest toppled rulers in Egypt and Tunisia. The protests have highlighted the need to ensure that econ
Published 18 Feb, 2011 12:00am
Egypt economy struggles as banks stay shut

Egypt economy struggles as banks stay shut

Strikes damaged Egypt's vital export industries on Thursday as manufacturers kept factories idle because a nation-wide bank shutdown stopped them buying supplies and selling their goods, industry officials said. Business leaders are calling on the ruling
Published 18 Feb, 2011 12:00am
Fed is moving ahead on financial revamp: Bernanke

Fed is moving ahead on financial revamp: Bernanke

Federal Reserve Chairman Ben Bernanke says the central bank is working closely with other regulators to implement the biggest overhaul of the US financial rules since the 1930s. The law enacted last year aims to protect the country from another financial
Published 18 Feb, 2011 12:00am
Doha trade talks start to move: US

Doha trade talks start to move: US

The long-running Doha trade talks have finally started to move after a constructive week of talks among key powers that grappled with issues of substance, the US envoy to the World Trade Organisation said on Thursday.
Published 18 Feb, 2011 12:00am
EU pushes strategic gas pipelines to merge

EU pushes strategic gas pipelines to merge

European Union officials are pushing for a merger of two strategic gas pipeline projects to help secure supplies from Central Asia to the world's second-biggest gas market, industry sources say. Vying to transport gas from Azerbaijan are the Austrian-led
Published 18 Feb, 2011 12:00am
Cyber crime costs UK $44 billion a year

Cyber crime costs UK $44 billion a year

British government estimates say cyber crime costs Britain more than 27 billion pounds ($44 billion) a year. A report by the Office of Cyber Security and Information Assurance on Thursday says that businesses bear the brunt of the cost of cyber crimes, su
Published 18 Feb, 2011 12:00am
China warns US on push for Internet freedom

China warns US on push for Internet freedom

China on Thursday warned the United States not to use calls for uncensored access to the Internet as a pretext to interfere in the domestic affairs of other countries. Foreign Ministry spokesman Ma Zhaoxu made the comment at a regular briefing when asked
Published 18 Feb, 2011 12:00am
Twelve dead in Vietnam tourist boat sinking

Twelve dead in Vietnam tourist boat sinking

Twelve people, most of them foreigners, drowned Thursday when their tour boat suddenly sank while they slept in Halong Bay, one of Vietnam's top tourist destinations, officials said. Visitors from the United States, Sweden, Russia, Britain, Japan, France
Published 18 Feb, 2011 12:00am
Hundreds protest in Iraq over jobs, services

Hundreds protest in Iraq over jobs, services

Hundreds of Iraqi demonstrators massed Thursday in the southern city of Basra to demand the local governor's ouster while protesters elsewhere stormed a local government building, the latest examples of the anger sweeping the country over poor government
Published 18 Feb, 2011 12:00am
China Stealth fighters will lag US for years

China Stealth fighters will lag US for years

The United States will retain a far bigger fleet of top-end fighter planes than China for years to come despite Beijing's early test of a Stealth jet which has stoked concern over its military build-up, the US defence chief said Thursday.
Published 18 Feb, 2011 12:00am
Three killed in gas explosion in Turkey

Three killed in gas explosion in Turkey

An explosion at a natural gas exploration site in Turkey's south-east killed three workers on Thursday, authorities said. The blast, caused by high-pressure gas, occurred near the town of Batman at a site operated by the Turkish Petroleum Corp, local auth
Published 18 Feb, 2011 12:00am
Huge solar flare jams radio, satellite signals: NASA

Huge solar flare jams radio, satellite signals: NASA

A powerful solar eruption that triggered a huge geomagnetic storm has disturbed radio communications and could disrupt electrical power grids, radio and satellite communication in the next days, NASA said. A strong wave of charged plasma particles emanati
Published 18 Feb, 2011 12:00am
US House votes to kill F-35 second engine

US House votes to kill F-35 second engine

In a victory for President Barack Obama, the US House of Representatives voted Wednesday to kill funding for a costly alternate engine for the F-35 fighter aircraft that the Pentagon did not want.
Published 18 Feb, 2011 12:00am
Thousands protest as unrest spreads across Yemen

Thousands protest as unrest spreads across Yemen

Thousands took to the streets in Yemen on Thursday and a third protester was killed, as unrest spread and demonstrators called for an end to President Ali Abdullah Saleh's three decades of rule. In a seventh straight day of protests in Yemen, inspired by
Published 18 Feb, 2011 12:00am
Up to 70,000 more Afghan forces needed: US

Up to 70,000 more Afghan forces needed: US

The Obama administration is considering proposals to increase the size of the Afghan security forces by between 45,000 and 70,000, amid worries about how much Afghanistan can absorb and what the US can afford. Defence Secretary Robert Gates told a Senate
Published 18 Feb, 2011 12:00am
Jordan, Turkey sign nuclear deal

Jordan, Turkey sign nuclear deal

Jordan and Turkey have signed a nuclear cooperation agreement paving the way for closer ties between the two countries. Resource-impoverished Jordan says its peaceful nuclear program, supported by the United States, is imperative for electricity generatio
Published 18 Feb, 2011 12:00am
US sees Iran's leaders split on nuclear

US sees Iran's leaders split on nuclear

US intelligence agencies believe Iran's leaders are divided over the question of whether to use its nuclear program to develop atomic weapons and is immersed in a serious internal debate about how to proceed in the face of international sanctions, America
Published 18 Feb, 2011 12:00am
Egyptians plan victory march

Egyptians plan victory march

Egyptian youth leaders moved to set up a new political party on Thursday as the Islamist Muslim Brotherhood played an increasingly important role in preparing for post-Mubarak elections promised within six months.
Published 18 Feb, 2011 12:00am
25 killed in Tanzania military blasts

25 killed in Tanzania military blasts

A military ammunition depot in Tanzania's largest city blew up overnight in a series of explosions that levelled homes, killed at least 25 people and wounded about 145 others. Thousands ran for their lives, and 200 children have been unable to find their
Published 18 Feb, 2011 12:00am
Iran says two warships to pass through Suez canal

Iran says two warships to pass through Suez canal

Iranian state TV said on Thursday two Iranian warships are due to pass through the strategic Suez Canal - an event that would mark the first such passage by the Islamic republic's navy since Iran's 1979 revolution. A similar plan was announced on Wednesda
Published 18 Feb, 2011 12:00am
Ben Ali 'in coma' in Saudi hospital

Ben Ali 'in coma' in Saudi hospital

Ousted Tunisian president Zine El Abidine Ben Ali is "in a coma" in a Saudi hospital following a stroke, a family friend told AFP on Thursday. The 74-year-old former leader slipped into a coma "two days ago" while being treated in a Jeddah hospital after
Published 18 Feb, 2011 12:00am
16 killed in Iraq attacks

16 killed in Iraq attacks

A car bomb killed 13 people at a vehicle trade fair in the deadliest of a string of attacks on Thursday in which 16 died, including a university professor hanged in his home. Among those killed were a journalist, the professor and a Sunni Muslim imam, whi
Published 18 Feb, 2011 12:00am
Euro lending rates ease

Euro lending rates ease

Eurozone interbank lending rates eased on Thursday, pulled down by an overall excess of liquidity in the banking system, but a sharp rise in overnight emergency lending from the ECB highlighted the disparity in bank funding. Emergency overnight borrowing
Published 18 Feb, 2011 12:00am
Rupiah climbs to 3-1/2 year high

Rupiah climbs to 3-1/2 year high

The Indonesian rupiah rose to its highest against the dollar in more than 3-1/2 years on Thursday, with market players expecting more gains on growing confidence that the central bank would succeed in containing inflation. Traders said the dollar dipped b
Published 18 Feb, 2011 12:00am
Indian rupee up

Indian rupee up

The Indian rupee edged higher on Thursday, tracking gains in most other regional currencies, with broad losses in the dollar versus majors overseas also helping sentiment. At 10:15 am (0445 GMT), the partially convertible rupee was at 45.42/43 per dollar,
Published 18 Feb, 2011 12:00am
Australian and New Zealand dollars stay up

Australian and New Zealand dollars stay up

The Australian and New Zealand dollars held up on Thursday, helped by high commodity prices and the usual talk of buying by Asian central banks recycling US dollars amassed in intervention. Late Thursday, the Australian currency held at $1.0033, up from W
Published 18 Feb, 2011 12:00am
Swiss franc soars

Swiss franc soars

The Swiss franc clung to recent gains on Thursday as worries about rising tensions in the Middle East supported the traditional safe haven currency. The franc was up 0.1 percent against the euro compared to the New York close, trading at 1.30 per euro at
Published 18 Feb, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 71.18/71.18 (previous 71.17/71.18). Call Money Rates: 10.00-12.00 percent (previous 5.00-12.00 percent).
Published 18 Feb, 2011 12:00am
Dollar sinks in New York

Dollar sinks in New York

The dollar sank on Wednesday as news Iranian warships were en route to Syria rekindled geopolitical tensions in the Middle East, sparking a spike in oil and a surge in traditional safe-haven currencies such as the Swiss franc. Technical factors and market
Published 18 Feb, 2011 12:00am
Early trade in New York: dollar declines broadly

Early trade in New York: dollar declines broadly

The US dollar declined broadly on Thursday as Middle East tensions boosted the appeal of other safe-haven currencies, with technical factors seen working in favour of a stronger Swiss franc. Popular unrest Bahrain, Libya and Yemen as well as concerns abou
Published 18 Feb, 2011 12:00am
Euro steadies versus dollar

Euro steadies versus dollar

The euro steadied versus the dollar on Thursday, with solid demand at a Spanish debt auction offset by broader eurozone banking and sovereign debt concerns, while concern about Middle East tensions lifted the Swiss franc. Spain and France sold a combined
Published 18 Feb, 2011 12:00am
Dollar tumbles in Asia

Dollar tumbles in Asia

The dollar hit a one-week low against a basket of currencies on Thursday, hurt by worries over rising tensions in the Middle East and as subdued US economic data helped keep a rise in US bond yields in check. But traders were not overly bearish on the cur
Published 18 Feb, 2011 12:00am
Sterling springs back

Sterling springs back

Sterling rose on Thursday, shaking off the previous day's losses, helped by robust economic data and comments from the Bank of England's Andrew Sentance, who made reference to a rising pound offsetting inflation. British factory orders improved more than
Published 18 Feb, 2011 12:00am
Yuan moves up

Yuan moves up

The yuan closed up against the dollar on Thursday, touching a record trading high intraday, after the People's Bank of China set a record high mid-point in a clear sign that the government is willing to let the Chinese currency appreciate at least in the
Published 18 Feb, 2011 12:00am
UK's top share index rises

UK's top share index rises

Britain's FTSE 100 share index closed slightly higher on Thursday, as strong gains from banks offset weaker miners and optimism on corporate earnings outweighed Middle East political concerns. Banks advanced by upbeat broker comment and hopes for further
Published 18 Feb, 2011 12:00am
European shares at new 29-month high

European shares at new 29-month high

European shares closed at a new 29-month high for the fourth straight day on Thursday, edging ahead against a mixed economic and corporate backdrop, with technical indicators suggesting the recent rally may be overdone. The FTSEurofirst 300 index of leadi
Published 18 Feb, 2011 12:00am
Middle East markets: Qatar shares slump

Middle East markets: Qatar shares slump

Qatar's index slumped to a 2011 low on Thursday as a fourth day of unrest in neighbouring Bahrain and uncertainty over when Cairo's bourse will re-open in post-Mubarak Egypt weighed on equities. "Revolution in Egypt was shrugged off too easily by Gulf mar
Published 18 Feb, 2011 12:00am
Hong Kong and Shanghai shares soar

Hong Kong and Shanghai shares soar

Hong Kong shares rose on Thursday as gains in financials and energy companies helped lift the benchmark on the day on better volume, while shares in Lenovo rose after the company reported its best quarter in two years. The Hang Seng rose 0.6 percent but r
Published 18 Feb, 2011 12:00am
Indian shares stay up

Indian shares stay up

Indian shares climbed for a fifth consecutive session on Thursday, their longest winning run in five months, as investors picked bargains in a market that is still among the worst performers in emerging regions. Financials powered the main index up more t
Published 18 Feb, 2011 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell 0.33 percent on Thursday, with previously high flying tourism and transport shares falling and heavyweight banks also losing ground, while fund managers expected further losses ahead. The main TAIEX share index closed down 29.08 points
Published 18 Feb, 2011 12:00am
Treasuries decline

Treasuries decline

US Treasury debt prices slipped on Wednesday although yields held within recent ranges as some fears of rising inflation were tempered by a drop in industrial production. Trade was choppy, with bonds rising in price late in the morning after comments by I
Published 18 Feb, 2011 12:00am
Treasuries decline

Treasuries decline

US Treasury debt prices slipped on Wednesday although yields held within recent ranges as some fears of rising inflation were tempered by a drop in industrial production. Trade was choppy, with bonds rising in price late in the morning after comments by I
Published 18 Feb, 2011 12:00am
Australia shares at 10-month high

Australia shares at 10-month high

Australian stocks rose 0.2 percent to a new 10-month closing high on Thursday, driven by rallies on positive earnings from Qantas Airways and energy firm Santos, although some miners, banks and other heavyweight stocks declined. The benchmark S&P/ASX 200
Published 18 Feb, 2011 12:00am
S&P rises, doubles its 2009 low

S&P rises, doubles its 2009 low

The S&P 500 rose on Wednesday to twice its value from just two years ago, a bounce whose vigour has not been seen since the Great Depression. Stocks were boosted by Dell earnings and deal announcements fuelling hope for more gains, but light volume makes
Published 18 Feb, 2011 12:00am
Thursday's early afternoon trade: Wall Street inches up

Thursday's early afternoon trade: Wall Street inches up

US stocks inched higher on Thursday as investors bought on early dips, keeping indexes near multi-year highs, even as both inflation and weekly jobless claims rose more than expected. The technology sector showed strength, with Nvidia Corp up 6.7 percent
Published 18 Feb, 2011 12:00am
Nikkei rises to 9-1/2 month high

Nikkei rises to 9-1/2 month high

Japan's Nikkei stock average rose for a fourth session on Thursday to a 9-1/2-month high as solid earnings and global merger activity encouraged foreign investors to keep snapping up outperforming Japanese shares. Foreign investors began buying lagging Ja
Published 18 Feb, 2011 12:00am
Seoul shares slip

Seoul shares slip

Seoul shares slipped on Thursday after reports that North Korea is completing a second missile launch site, with financial, shipyard and construction plays retreating. The Korea Composite Stock Price Index finished down 0.6 percent at 1,977.22 points. The
Published 18 Feb, 2011 12:00am
Most South East Asian markets gain

Most South East Asian markets gain

Most Southeast Asian stock markets gained on Thursday as high global oil prices lifted energy-related stocks, but concerns over tighter monetary policy squeezed Singapore's banks. Several beaten-down markets, including Thailand and Indonesia, saw a return
Published 18 Feb, 2011 12:00am
India's Essar chief executive quizzed on 2G scam

India's Essar chief executive quizzed on 2G scam

The chief executive of India's Essar Group, one of India's biggest business houses, was called for questioning by investigators looking into a widening telecoms corruption probe that has battered the government. Prashant Ruia, whose company has interests
Published 18 Feb, 2011 12:00am
Fabulous rise in cotton futures prices

Fabulous rise in cotton futures prices

Cotton futures prices in New York (ICE) shot up incredibly to shatter all previous records and surpass the tantalizing figure of US Dollars two per pound so that a new record was created on Thursday at US Cents 204.02 per pound when it struck the limit up
Published 18 Feb, 2011 12:00am
KCA raises spot rates to dizzy height at Rs 11,800 on cotton market

KCA raises spot rates to dizzy height at Rs 11,800 on cotton market

Spot rate was sharply higher on the cotton market on Thursday as the NY cotton futures making new records due to speculative trade, dealers said. They said that synthetic values, derived from moves on the options market, showed May futures got as high at
Published 18 Feb, 2011 12:00am
Oil cake market rates

Oil cake market rates

Futures were higher on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The March vaida that had closed at Rs 1237.70 opened with a slight gain of 10 paisa at Rs 1237.80. The May contract which closed at Rs 1317.40 co
Published 18 Feb, 2011 12:00am
Indonesia's January tin exports rise 8.3 percent

Indonesia's January tin exports rise 8.3 percent

Indonesia's refined tin exports rose 8.3 percent in January from the same month in 2010 as exporters rushed to take advantage of record high global tin prices, the trade ministry said on Thursday. Falling supply in the last year from Indonesia, the world'
Published 18 Feb, 2011 12:00am
China's drought likely to last, threat to winter wheat

China's drought likely to last, threat to winter wheat

China's ongoing drought in northern wheat areas is likely to last, putting the winter wheat crop in further jeopardy, the Ministry of Agriculture said on Thursday. Those regions that have benefited from rain or irrigation might suffer a recurrence of drou
Published 18 Feb, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 196,031 tonnes of cargo including 125,039 tonnes of import cargo, 70,992 tonnes of export cargo, 3,210 loaded and empty containers during last 48 hours ended at 0700 hours on Thursday. The total import cargo of 125,039 tonnes comp
Published 18 Feb, 2011 12:00am
US and European wheat recovers after losses

US and European wheat recovers after losses

US and European wheat futures rose on Thursday recovering previous sessions' losses with buyers encouraged by advances in Asian stock markets and high oil prices boosted by concerns about Middle East unrest.
Published 18 Feb, 2011 12:00am
Guwar down by Rs 250 in sluggish trading on grain market

Guwar down by Rs 250 in sluggish trading on grain market

A few changes were seen on the wholesales grain and seed market on Thursday due to balanced demand and supply, dealers said. On the cereals side, guwar Sindh was down by Rs 250 to Rs 3900-4000 and guwar Punjab shed the same amount at Rs 3850-3950, other i
Published 18 Feb, 2011 12:00am
Canadian canola snaps longest loss

Canadian canola snaps longest loss

ICE Canadian canola futures rose off the lowest price since late December on Wednesday to end the longest losing streak in nearly six months, as funds and crushers stepped up buying, traders said. Front-month March canola gained 0.3 percent, after losing
Published 18 Feb, 2011 12:00am
New York cotton

New York cotton

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

Published 18 Feb, 2011 12:00am
New York cotton

New York cotton

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

Published 18 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 18 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 18 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 Thursday (February 17, 2011).

Published 18 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 Thursday (February 17, 2011).

Published 18 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 Thursday (February 17, 2011).

Published 18 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 Thursday (February 17, 2011).

Published 18 Feb, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (February 17, 2011).
Published 18 Feb, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (February 17, 2011).

Published 18 Feb, 2011 12:00am
Chief Justice summons Judicial Commission meeting on Saturday

Chief Justice summons Judicial Commission meeting on Saturday

Chief Justice Iftikhar Muhammad Chaudhry on Thursday summoned the Judicial Commission meeting on Saturday to consult one-year extension in term for Justice Khalil-ur-Rehman Ramday on an ad hoc basis and appointment of former Justice Rehmat Hussain Jafrey
Published 18 Feb, 2011 12:00am
Chief Justice summons Judicial Commission meeting on Saturday

Chief Justice summons Judicial Commission meeting on Saturday

Chief Justice Iftikhar Muhammad Chaudhry on Thursday summoned the Judicial Commission meeting on Saturday to consult one-year extension in term for Justice Khalil-ur-Rehman Ramday on an ad hoc basis and appointment of former Justice Rehmat Hussain Jafrey
Published 18 Feb, 2011 12:00am
Pakistan foreign exchange reserves hit highest-ever $17.4 billion mark

Pakistan foreign exchange reserves hit highest-ever $17.4 billion mark

The country's total liquid foreign exchange reserves reached highest-ever level of $17.4 billion because of rising foreign inflows. According to the State Bank of Pakistan the country's total liquid forex reserves posted an increase of $133 million to $17
Published 18 Feb, 2011 12:00am
Pakistan foreign exchange reserves hit highest-ever $17.4 billion mark

Pakistan foreign exchange reserves hit highest-ever $17.4 billion mark

The country's total liquid foreign exchange reserves reached highest-ever level of $17.4 billion because of rising foreign inflows. According to the State Bank of Pakistan the country's total liquid forex reserves posted an increase of $133 million to $17
Published 18 Feb, 2011 12:00am
Pakistan foreign exchange reserves hit highest-ever $17.4 billion mark

Pakistan foreign exchange reserves hit highest-ever $17.4 billion mark

The country''s total liquid foreign exchange reserves reached highest-ever level of $17.4 billion because of rising foreign inflows. According to the State Bank of Pakistan the country''s total liquid forex reserves posted an increase of $133 million to $
Published 18 Feb, 2011 12:00am
All-parties moot on economy: Zardari asks PBC to take initiative

All-parties moot on economy: Zardari asks PBC to take initiative

President Asif Ali Zardari on Thursday invited the leading business houses of the country to convene a meeting of all political parties from their platform on the issue of economic reforms and the ways to put the economy on solid footings and ensuring con
Published 18 Feb, 2011 12:00am
All-parties moot on economy: Zardari asks PBC to take initiative

All-parties moot on economy: Zardari asks PBC to take initiative

President Asif Ali Zardari on Thursday invited the leading business houses of the country to convene a meeting of all political parties from their platform on the issue of economic reforms and the ways to put the economy on solid footings and ensuring con
Published 18 Feb, 2011 12:00am
All-parties moot on economy: Zardari asks PBC to take initiative

All-parties moot on economy: Zardari asks PBC to take initiative

President Asif Ali Zardari on Thursday invited the leading business houses of the country to convene a meeting of all political parties from their platform on the issue of economic reforms and the ways to put the economy on solid footings and ensuring con
Published 18 Feb, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (February 17, 2011).

Published 18 Feb, 2011 12:00am
Army deploys after Bahrain police raid protest camp

Army deploys after Bahrain police raid protest camp

Troops took control of Manama on Thursday after riot police stormed an anti-government protest camp at dawn, killing three people and wounding 231 in Bahrain's worst violence in decades. Police cleared Pearl Square of mainly Shi'ite protesters demanding m
Published 18 Feb, 2011 12:00am
Army deploys after Bahrain police raid protest camp

Army deploys after Bahrain police raid protest camp

Troops took control of Manama on Thursday after riot police stormed an anti-government protest camp at dawn, killing three people and wounding 231 in Bahrain's worst violence in decades. Police cleared Pearl Square of mainly Shi'ite protesters demanding m
Published 18 Feb, 2011 12:00am
Libyan opposition say at least 14 killed

Libyan opposition say at least 14 killed

At least 14 people have died so far in clashes between protesters and security forces in Libya as protests continued throughout the country on Thursday, according to opposition news websites and activists. The Arabic news network Al Arabiya reported that
Published 18 Feb, 2011 12:00am
Libyan opposition say at least 14 killed

Libyan opposition say at least 14 killed

At least 14 people have died so far in clashes between protesters and security forces in Libya as protests continued throughout the country on Thursday, according to opposition news websites and activists. The Arabic news network Al Arabiya reported that
Published 18 Feb, 2011 12:00am
Financial woes: PSMC says it cannot offer BSOS

Financial woes: PSMC says it cannot offer BSOS

With Rs 41 billion financial accumulative losses and Rs 38 billion liabilities, Pakistan Steel Mills Company (PSMC) has informed the federal government that it is not in a position to offer Benazir Stock Option Scheme (BSOS) for giving its employees 12 pe
Published 18 Feb, 2011 12:00am
Financial woes: PSMC says it cannot offer BSOS

Financial woes: PSMC says it cannot offer BSOS

With Rs 41 billion financial accumulative losses and Rs 38 billion liabilities, Pakistan Steel Mills Company (PSMC) has informed the federal government that it is not in a position to offer Benazir Stock Option Scheme (BSOS) for giving its employees 12 pe
Published 18 Feb, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (February 17, 2011).

Published 18 Feb, 2011 12:00am
Financial woes: PSMC says it cannot offer BSOS

Financial woes: PSMC says it cannot offer BSOS

With Rs 41 billion financial accumulative losses and Rs 38 billion liabilities, Pakistan Steel Mills Company (PSMC) has informed the federal government that it is not in a position to offer Benazir Stock Option Scheme (BSOS) for giving its employees 12 pe
Published 18 Feb, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (February 17, 2011).

Published 18 Feb, 2011 12:00am
Government not an aggrieved party: Kerry told

Government not an aggrieved party: Kerry told

Minister for Information and Broadcasting Dr Firdous Ashiq Awan said Thursday that the government of Pakistan has told US Senator John Kerry in categorical terms that Raymond Davis case is sub judice and only courts will decide his fate.
Published 18 Feb, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (February 17, 2011).

Published 18 Feb, 2011 12:00am
Government not an aggrieved party: Kerry told

Government not an aggrieved party: Kerry told

Minister for Information and Broadcasting Dr Firdous Ashiq Awan said Thursday that the government of Pakistan has told US Senator John Kerry in categorical terms that Raymond Davis case is sub judice and only courts will decide his fate.
Published 18 Feb, 2011 12:00am
LHC adjourns Davis immunity case till March 14

LHC adjourns Davis immunity case till March 14

The Lahore High Court on Thursday adjourned till March 14 the hearing of various identical petitions against possible handing over of Raymond Davis to the US after a deputy attorney general sought time to file foreign ministry reply in the matter.
Published 18 Feb, 2011 12:00am
LHC adjourns Davis immunity case till March 14

LHC adjourns Davis immunity case till March 14

The Lahore High Court on Thursday adjourned till March 14 the hearing of various identical petitions against possible handing over of Raymond Davis to the US after a deputy attorney general sought time to file foreign ministry reply in the matter.
Published 18 Feb, 2011 12:00am
US disappointed by Pakistan government

US disappointed by Pakistan government

The United States on Thursday expressed disappointment after the government did not confirm to the Lahore High Court (LHC) that Raymond Davis, the US official charged with killing of two in Lahore last month, was entitled to diplomatic immunity from prose
Published 18 Feb, 2011 12:00am
US disappointed by Pakistan government

US disappointed by Pakistan government

The United States on Thursday expressed disappointment after the government did not confirm to the Lahore High Court (LHC) that Raymond Davis, the US official charged with killing of two in Lahore last month, was entitled to diplomatic immunity from prose
Published 18 Feb, 2011 12:00am
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