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Archive - 2011-02-26
Isoliites enjoy Pakistan victory
Sports

Isoliites enjoy Pakistan victory

ISLAMABAD: Pakistan's triumph over Sri Lanka in a cricket World Cup clash at Colombo made a large number of cricket-love
Published 26 Feb, 2011 07:47pm
Summary sent to governor over PPP ouster
Top News

Summary sent to governor over PPP ouster

LAHORE: Punjab Chief Minister Mian Shahbaz Sharif on Saturday sent summary to Governor Sardar Latif Khosa for ouster of
Published 26 Feb, 2011 03:03pm
Urea arrives for Rabi crop
Top News

Urea arrives for Rabi crop

KARACHI: A ship MV "SPLIT" carrying 35,988 metric tons of imported urea has arrived and berthed at Port Qasim while two
Published 26 Feb, 2011 12:19pm
US slaps sanctions on Qadhafi
Top News

US slaps sanctions on Qadhafi

WASHINGTON: US President Barack Obama has imposed personal sanctions on Libya's Moamer Qadhafi and four of his sons, in
Published 26 Feb, 2011 11:39am
Obama urges compromise on US budget
Top News

Obama urges compromise on US budget

WASHINGTON: US President Barack Obama on Saturday urged Republican and Democratic lawmakers to reach a compromise on pen
Published 26 Feb, 2011 11:19am
Obama urges compromise on US budget
Top News

Obama urges compromise on US budget

WASHINGTON: US President Barack Obama on Saturday urged Republican and Democratic lawmakers to reach a compromise on p
Published 26 Feb, 2011 11:17am
Iraq attack prompts refinery closure
Top News

Iraq attack prompts refinery closure

SAMARRA: An attack on a major Iraqi oil refinery early on Saturday left two engineers dead and one of its refining uni
Published 26 Feb, 2011 10:24am
Iran rejects IAEA concerns
Asia

Iran rejects IAEA concerns

TEHRAN: Iran on Saturday rejected concerns expressed in a new report by the UN watchdog, the International Atomic Ener
Published 26 Feb, 2011 09:49am
Bomb kills nine civilians in Afghanistan
Top News

Bomb kills nine civilians in Afghanistan

KHOST: A road side bomb struck a civilian vehicle in eastern Afghanistan on Saturday killing nine civilians, including w
Published 26 Feb, 2011 07:45am
Bangladesh for removing barriers to promote regional trade

Bangladesh for removing barriers to promote regional trade

Bangladesh High Commissioner to Pakistan Suhrab Hossain has stressed Saarc nations to enhance bilateral trade in the region by eliminating tariff barriers to eradicate poverty and bring economic prosperity.
Published 26 Feb, 2011 12:00am
Hazara to remain part of Khyber Pakhtunkhwa: Iftikhar

Hazara to remain part of Khyber Pakhtunkhwa: Iftikhar

"Hazara and its people are the part of Khyber Pakhtunkhwa and will remain, as we did no injustice with them in the past nor will allow it in future and protect their rights on a par and equal basis with other parts of the province. The renaming of the pro
Published 26 Feb, 2011 12:00am
13 alleged outlaws held in crackdown

13 alleged outlaws held in crackdown

In a special crackdown on anti-social elements, Islamabad Police nabbed 13 persons including three foreigner ladies from different areas and recovered four pistols (30-bore), 51 bottles of liquor, 2.670 kg charas and 110 gram of heroin from their possessi
Published 26 Feb, 2011 12:00am
ERRA completes 200 water supply schemes in Abbottabad

ERRA completes 200 water supply schemes in Abbottabad

The Earthquake Reconstruction and Rehabilitation Authority (ERRA) handed over 200 completed water supply schemes to district government Abbottabad, said a spokesman of ERRA here on Friday. The water and sanitation projects, completed with the cost of Rs 8
Published 26 Feb, 2011 12:00am
PGMI's convocation today

PGMI's convocation today

Postgraduate Medical Institute (PGMI) is holding its fourth convocation on Saturday (today) wherein degrees and medals would be awarded to 100 specialist doctors. Punjab Chief Minister, Mian Shahbaz Sharif will be the chief guest at the convocation that w
Published 26 Feb, 2011 12:00am
US MIDDAY: gold lower

US MIDDAY: gold lower

US gold futures ended lower on Friday, retreating from session highs as investors took profits after a week in which turmoil in Libya pushed crude oil prices sharply higher, fuelling inflation fears. COMEX April gold futures settled down $6.5 at $1,409.3
Published 26 Feb, 2011 12:00am
US MIDDAY: copper gains

US MIDDAY: copper gains

Copper posted its biggest daily advance in three months on Friday, as buyers for the industrial metal emerged after energy prices retreated from this week's sharp rally, calming worries about inflation and the global economy.
Published 26 Feb, 2011 12:00am
US MIDDAY: grains rally

US MIDDAY: grains rally

Grain futures on the Chicago Board of Trade rallied early Friday, with late-morning fund and commercial buying sending May corn, soyaoil and rough rice futures to their daily upside limits, traders said. The push to higher ground began early as traders co
Published 26 Feb, 2011 12:00am
US MIDDAY: cocoa at 32-year peak

US MIDDAY: cocoa at 32-year peak

Cocoa futures on ICE rose to close at a 32-year high Friday as rebels seized a town in top grower Ivory Coast, while raw sugar rebounded ahead of the March contract's expiry Monday. Coffee prices rose after a two-day setback. The United Nations Secretary
Published 26 Feb, 2011 12:00am
Gold rises above $1,400 in European trade

Gold rises above $1,400 in European trade

Gold prices rose above $1,400 an ounce on Friday and were on track for a fourth straight week of gains, supported by interest in the metal as a haven from risk as violence flared in Libya and across the Middle East region. The UN Security Council is to me
Published 26 Feb, 2011 12:00am
Gold up in Asia

Gold up in Asia

Spot gold crawled higher on Friday, headed for its fourth consecutive week of gains, as investors kept close watch on the situation in Libya and the energy market. Spot gold inched up 0.4 percent to $1,406.80 an ounce by 0651 GMT, headed for a 1.3 percent
Published 26 Feb, 2011 12:00am
US gold ends down

US gold ends down

US gold futures ended lower on Thursday, erasing early gains, after a report that Saudi Arabia was in talks to boost crude output eased worries about soaring oil prices and escalating tensions in Libya. April gold futures settled down $1.80 at $1,415.80 a
Published 26 Feb, 2011 12:00am
Liffe cocoa sets seven-month peak

Liffe cocoa sets seven-month peak

Liffe May cocoa ends up 18 pounds at 2,368 pounds a tonne on Friday after earlier hitting 2,377 pounds, the highest level for the benchmark second month since July 2010. Market supported by fighting in top grower Ivory Coast, which has raised the prospect
Published 26 Feb, 2011 12:00am
US soyabeans end lower

US soyabeans end lower

US soyabean futures closed lower on Thursday, but late short-covering trimmed losses, traders said. Jitters over turmoil in oil-producing Libya remained a key market focus as investors liquidated long grain positions in a flight from risk. In addition, US
Published 26 Feb, 2011 12:00am
Malaysian palm oil bounces

Malaysian palm oil bounces

Malaysian palm oil futures rose as much as 2.5 percent on Friday after sharp sell-off the previous day as investors snapped up bargains although concerns lingered over Middle East unrest slowing economic growth. Palm oil hit its lowest since November 29 o
Published 26 Feb, 2011 12:00am
New York cocoa slips

New York cocoa slips

ICE cocoa futures closed quietly lower on Thursday after building in a bit more of a risk premium and hitting a 32-year high on Thursday as tensions mounted over supplies from top producer Ivory Coast. Arabica coffee futures finished lower in its weakest
Published 26 Feb, 2011 12:00am
Brent oil off 2-1/2-year highs

Brent oil off 2-1/2-year highs

Brent crude rose in volatile trade on Friday, holding above $112 a barrel but below 2-1/2-year highs after top oil exporter Saudi Arabia raised output to calm fears of supply disruptions sparked by the uprising in Libya. Saudi Arabia has boosted output mo
Published 26 Feb, 2011 12:00am
Tokyo rubber futures slip

Tokyo rubber futures slip

Tokyo rubber futures slipped lower on Friday as players took profits to avoid risk ahead of the weekend, but tight supply on the physical market and firm oil prices still provided support, dealers said. The benchmark rubber contract on the Tokyo Commodity
Published 26 Feb, 2011 12:00am
Copper advances

Copper advances

Copper advanced on Friday as a fall in energy prices calmed worries that inflation could dent global growth, although caution over further Middle East unrest capped gains. Three-month copper on the London Metal Exchange closed at $9,750 a tonne, bouncing
Published 26 Feb, 2011 12:00am
Shanghai copper rises

Shanghai copper rises

London copper rose 0.9 percent on Friday, but remained on course for its biggest weekly loss since August 2010, fuelled by worries that runaway oil prices resulting from the turmoil in North Africa will constrain global growth. Shanghai's most active May
Published 26 Feb, 2011 12:00am
US copper rises

US copper rises

Copper snapped a three-day losing streak to end higher on Thursday, reacting to a weaker dollar and volatile crude oil prices, which eased back from an earlier spike above $100 a barrel. The most-active May COMEX copper contract gained 5.20 cents, or 1.2
Published 26 Feb, 2011 12:00am
New York cotton falls for fourth day

New York cotton falls for fourth day

US cotton futures finished lower for a fourth straight day Wednesday, as a USDA crop report showing big crop plantings in some agricultural commodities triggered hefty selling in the cotton market. March cotton finished down 5.28 cents or 2.8 percent at $
Published 26 Feb, 2011 12:00am
Thousands of Jordanians protest for democratic gains

Thousands of Jordanians protest for democratic gains

Around five thousand Jordanian protestors took to the streets on Friday demanding political liberalisation, wider parliamentary representation and constitutional changes limiting the powers of the throne. "Reform and change, this is the demand of people,"
Published 26 Feb, 2011 12:00am
Boeing bests EADS with US aerial tanker win

Boeing bests EADS with US aerial tanker win

Boeing Co won a $30 billion contract for 179 new US Air Force refuelling planes on Thursday, trumping arch rival Airbus parent EADS in a fiercely contested competition that began nearly a decade ago. It was the third effort since 2001 to start replacing 5
Published 26 Feb, 2011 12:00am
Iraqis rally in Day of Rage, 10 dead, scores hurt

Iraqis rally in Day of Rage, 10 dead, scores hurt

Thousands of Iraqis inspired by uprisings around the Arab world protested on Friday against corruption and poor basic services in nation-wide rallies where at least 10 people died in clashes with security forces. Scores of others were hurt in skirmishes d
Published 26 Feb, 2011 12:00am
Tunisia to hold elections by mid-July

Tunisia to hold elections by mid-July

Tunisia's interim government said Friday it will hold elections in mid-July as tens of thousands of protesters took to the streets demanding the resignation of its prime minister, an ally of ousted leader Zine El Abidine Ben Ali. One young protester was i
Published 26 Feb, 2011 12:00am
Former mortgage executive pleads guilty to $2 billion fraud

Former mortgage executive pleads guilty to $2 billion fraud

The former treasurer of what had been one of the largest US privately held mortgage lenders pleaded guilty Thursday to a nearly $2 billion fraud conspiracy that authorities say contributed to the failure of her employer as well as an Alabama-based bank.
Published 26 Feb, 2011 12:00am
Egyptians pack Tahrir for protest and celebration

Egyptians pack Tahrir for protest and celebration

Egypt's new military rulers, promising to guard against "counter-revolution", faced political pressure on Friday to purge the cabinet of ministers appointed by Hosni Mubarak as thousands of protesters gathered in Cairo. On the eve of the rally that also c
Published 26 Feb, 2011 12:00am
Tens of thousands hold rival rallies in Yemen

Tens of thousands hold rival rallies in Yemen

Tens of thousands of supporters and opponents of Yemeni President Ali Abdullah Saleh held rival demonstrations in the capital on Friday and one person was killed in protests in the southern city of Aden, witnesses said. Protesters outside Sanaa University
Published 26 Feb, 2011 12:00am
Thousands stage anti-government protest in Bahrain

Thousands stage anti-government protest in Bahrain

Tens of thousands of mainly Shia Bahrainis gathered in Manama on Friday, declared as a day of mourning by the government, in one of the biggest anti-government protests since unrest erupted 10 days ago. Large crowds marched to Pearl Square, the focal poin
Published 26 Feb, 2011 12:00am
Turkey to confront Sarkozy on opposition to EU bid

Turkey to confront Sarkozy on opposition to EU bid

Turkish Prime Minister Tayyip Erdogan says he will confront French President Nicolas Sarkozy over his negative stance towards Muslim Turkey's bid to join the European Union when he visits Ankara later on Friday. "We warned Sarkozy a lot on this subject. W
Published 26 Feb, 2011 12:00am
Bin Laden against attacks on civilians: deputy

Bin Laden against attacks on civilians: deputy

Al Qaeda leader Osama bin Laden has asked his deputy to remind Islamic militants they should avoid attacks on civilian targets, the group's No 2 said in a message posted on the Internet on Thursday. "There are certain operations attributed, rightly or fal
Published 26 Feb, 2011 12:00am
China scraps death penalty for some crimes

China scraps death penalty for some crimes

China on Friday eliminated capital punishment for some economic crimes, as it moved to curb use of the death penalty in a country believed to execute more people than the rest of the world combined. The standing committee of China's National People's Cong
Published 26 Feb, 2011 12:00am
Russia may send French-built warship to Kurils

Russia may send French-built warship to Kurils

Russia announced Friday that it may send one or even two of the high-tech warships it is buying from France to help protect a chain of islands that are being bitterly claimed by Japan. The statement from Russia's top general is likely to infuriate the Jap
Published 26 Feb, 2011 12:00am
Pakistan not overawed by Sri Lanka threat

Pakistan not overawed by Sri Lanka threat

Pakistan know their World Cup match against Sri Lanka here on Saturday is one of their most crucial in Group A, but will not be overawed by the home team's bowlers or the partisan fans. A sell-out crowd of 35,000 will be on hand to see world-record spinne
Published 26 Feb, 2011 12:00am
Murali holds no fears, says Waqar

Murali holds no fears, says Waqar

Pakistan coach Waqar Younis played down the threat from Muttiah Muralitharan ahead of their crucial World Cup clash with Sri Lanka on Saturday, saying their batsmen had coped with him in the past. A capacity 35,000-crowd is expected to fill the Premadasa
Published 26 Feb, 2011 12:00am
Palestine football tour itinerary finalised

Palestine football tour itinerary finalised

Palestine will face Pakistan in two Football Test matches during a week-long tour. According to the itinerary finalised by the PFF, two test matches will be played at Lahore and Karachi on March 1 and 4, 2011, respectively. Pakistan Football Federation (P
Published 26 Feb, 2011 12:00am
Inter-campuses Sports Gala ends

Inter-campuses Sports Gala ends

Inter-Campuses Sports Gala in Lower Mall Campus of the University of Education (UoE) has been concluded. Principal Lower Mall Campus, Tassaduq Hussain Khokhar was the chief guest of this vivid event. Teams from other campuses of University of Education ch
Published 26 Feb, 2011 12:00am
Aggressive Wozniacki blitzes Bartoli

Aggressive Wozniacki blitzes Bartoli

Caroline Wozniacki blitzed Marion Bartoli in straight sets to storm into the final of the WTA Qatar Open here on Friday. The world number one, who has been hardly pushed in Doha, once again came up with a commanding display to post a 6-1, 6-1 win and stay
Published 26 Feb, 2011 12:00am
Cup tickets on offer for Stumpy stomp

Cup tickets on offer for Stumpy stomp

Sri Lankan cricket fans who have missed out on World Cup match tickets have an opportunity to watch the action - by matching event mascot Stumpy's dance moves, officials said Friday. "We want to give the cricket-loving Sri Lankan public an opportunity to
Published 26 Feb, 2011 12:00am
ZONG's 'Cricket ke Jeet' gets overwhelming response

ZONG's 'Cricket ke Jeet' gets overwhelming response

ZONG's 'Cricket Ki Jeet' - a promotional campaign for cricket enthusiasts - has received an overwhelming response on its launch, even in the initial stage of the ICC Cricket World Cup 2011. It is for the first time that any cellular operator has come up w
Published 26 Feb, 2011 12:00am
Meezan Bank Golf Trophy starts

Meezan Bank Golf Trophy starts

A field of 106 golf playing amateurs will tee off at the challenging 18 holes, par 72 Royal Palm Golf Course here in search for the prestigious Meezan Bank Golf Trophy on Saturday (today).
Published 26 Feb, 2011 12:00am
Bangladesh defeat Ireland in dramatic win

Bangladesh defeat Ireland in dramatic win

Bangladesh stung flat-footed Ireland to resurrect their World Cup campaign with a 27-run victory in front of some 25,000 boisterous home fans on Friday. Bangladesh, bowled out for 205 after taking first strike in the day-night match, hit back to dismiss t
Published 26 Feb, 2011 12:00am
Aussies win, Irish heartbroken

Aussies win, Irish heartbroken

Australia racked up a 25th consecutive World Cup victory on Friday, defeating New Zealand in an emotional encounter while Ireland wasted a golden opportunity to heap more pain on Bangladesh. In a match played out against the raw emotional background of th
Published 26 Feb, 2011 12:00am
Aussies win, Irish heartbroken

Aussies win, Irish heartbroken

Australia racked up a 25th consecutive World Cup victory on Friday, defeating New Zealand in an emotional encounter while Ireland wasted a golden opportunity to heap more pain on Bangladesh. In a match played out against the raw emotional background of th
Published 26 Feb, 2011 12:00am
Bollinger out of World Cup

Bollinger out of World Cup

Australia fast bowler Doug Bollinger has been ruled out of the remainder of the World Cup with a left ankle injury and is returning home, it was announced on Friday. "Doug Bollinger has been experiencing increasing left ankle pain since arriving in India,
Published 26 Feb, 2011 12:00am
'Sorry' Indian officials rage at ICC in ticket chaos

'Sorry' Indian officials rage at ICC in ticket chaos

Indian cricket chiefs apologised to thousands of fans left short-changed by the World Cup's deepening ticket chaos on Friday while firing a broadside at the sport's international rulers. Tournament director Ratnakar Shetty, who is also the chief administr
Published 26 Feb, 2011 12:00am
IAEA has new info on alleged nuclear weapons work by Iran

IAEA has new info on alleged nuclear weapons work by Iran

The UN nuclear watchdog said Friday it has received new information regarding allegations of possible military dimensions to Iran's controversial nuclear programme. The International Atomic Energy Agency has been investigating the Islamic republic's dispu
Published 26 Feb, 2011 12:00am
China's rail minister formally dismissed

China's rail minister formally dismissed

China's parliament on Friday formally dismissed the nation's railways minister after he was placed under investigation earlier this month on suspicion of graft. The standing committee of the National People's Congress dismissed Liu Zhijun and replaced him
Published 26 Feb, 2011 12:00am
New Zealand quake toll rises as hope fades for survivors

New Zealand quake toll rises as hope fades for survivors

Rescuers extended their search on Friday to shattered houses close to the epicentre of Christchurch's deadly earthquake, but rain and cold dimmed hopes of finding more survivors of New Zealand's worst disaster in decades. The arrival of teams from Britain
Published 26 Feb, 2011 12:00am
Indian state adopts Coca-Cola compensation bill

Indian state adopts Coca-Cola compensation bill

The southern Indian state of Kerala has passed a bill allowing compensation claims against soft drink giant Coca-Cola over alleged environmental damage caused by a bottling plant. The legislation adopted by the state assembly on Thursday creates a tribuna
Published 26 Feb, 2011 12:00am
Rebels attack security Headquarters in Russia's Caucasus

Rebels attack security Headquarters in Russia's Caucasus

Suspected armed militants simultaneously attacked several strategic points in Russia's North Caucasus region of Kabardino-Balkaria on Friday, killing no one, news agencies reported. Using a grenade launcher, rebels took aim at the regional headquarters of
Published 26 Feb, 2011 12:00am
Indian comic book pioneer 'Uncle Pai' dies at 81

Indian comic book pioneer 'Uncle Pai' dies at 81

The publisher of Indian comic book illustrator Anant Pai's series on Hindu mythology says the artist has died from a heart attack at age 81. ACK Media Marketing Manager Rushabh Sanghavi says Pai died unexpectedly late Thursday after undergoing surgery on
Published 26 Feb, 2011 12:00am
Father of Soviet submarines dies

Father of Soviet submarines dies

Sergei Kovalyov, the father of the Soviet Union and Russia's nuclear submarine programme, has died at the age of 91 in his native Saint Petersburg, his colleagues said Friday. A towering figure in the secret world of strategic arsenals, Kovalyov is credit
Published 26 Feb, 2011 12:00am
South Korea, US carry out pilot rescue exercises

South Korea, US carry out pilot rescue exercises

The United States and South Korea carried out air force exercises on Friday aimed at co-ordinating search and rescue efforts for pilots who bail out in enemy territory, a media report said. The manoeuvres took place in South Korea's south-western province
Published 26 Feb, 2011 12:00am
Japan population growth rate slows to record low

Japan population growth rate slows to record low

Japan's population grew at its slowest rate since 1920 in the five years to 2010, data showed on Friday, underscoring the challenges for policy-makers struggling with the rising costs of an ageing society. Japan's population grew by 288,000 during the fiv
Published 26 Feb, 2011 12:00am
Ivorian rebels seize town, threaten advance

Ivorian rebels seize town, threaten advance

Rebels controlling northern Ivory Coast have seized a town in government territory and said on Friday they were still advancing, raising the prospects of a return to open war. Loyalists of Laurent Gbagbo, clinging to power after an election most of the wo
Published 26 Feb, 2011 12:00am
Discovery shuttle blasts off on last space odyssey

Discovery shuttle blasts off on last space odyssey

The shuttle Discovery blasted off Thursday on its final odyssey into orbit, marking the beginning of the end for what has been a central mission of the US space program for three decades. NASA's most journeyed shuttle launched at 4:53 pm (2153 GMT) on its
Published 26 Feb, 2011 12:00am
South Korea court orders Hyundai boss to pay $73 million

South Korea court orders Hyundai boss to pay $73 million

A South Korean court Friday ordered Hyundai Motor's chairman Chung Mong-Koo to pay compensation of 82.6 billion won (US $73.1 million) to his own company for damaging it by supporting Hyundai affiliates. A group of 14 minority shareholders and activists s
Published 26 Feb, 2011 12:00am
US economic growth trimmed, consumers more upbeat

US economic growth trimmed, consumers more upbeat

US consumer confidence hit a three-year high in February, suggesting the economy remained on a solid footing despite soaring gasoline prices. The rise in sentiment was a hopeful sign for the economic recovery after the government said on Friday that growt
Published 26 Feb, 2011 12:00am
Fannie Mae posts $2.1 billion loss for fourth quarter

Fannie Mae posts $2.1 billion loss for fourth quarter

Government-controlled mortgage buyer Fannie Mae has posted a narrower loss of $2.1 billion for the October-December quarter of last year, and asked for an additional $2.6 billion in federal aid. The new request is slightly more than the $2.5 billion it so
Published 26 Feb, 2011 12:00am
Fannie Mae posts $2.1 billion loss for fourth quarter

Fannie Mae posts $2.1 billion loss for fourth quarter

Government-controlled mortgage buyer Fannie Mae has posted a narrower loss of $2.1 billion for the October-December quarter of last year, and asked for an additional $2.6 billion in federal aid. The new request is slightly more than the $2.5 billion it so
Published 26 Feb, 2011 12:00am
Russia imposes first rate hike since crisis

Russia imposes first rate hike since crisis

The Russian central bank on Friday said it was raising its main refinancing rate 0.25 basis points to 8.0 percent, its first hike in interest rates since the economic crisis over two years ago. The Bank of Russia said in a statement that the rate hike, ef
Published 26 Feb, 2011 12:00am
Volkswagen's profits hit record

Volkswagen's profits hit record

Volkswagen's record year results beat expectations, showing Europe's largest carmaker has enough financial firepower to complete its planned take-over of Porsche. "Fiscal year 2010 was the best year in the history of the group. Volkswagen already provided
Published 26 Feb, 2011 12:00am
Volkswagen's profits hit record

Volkswagen's profits hit record

Volkswagen's record year results beat expectations, showing Europe's largest carmaker has enough financial firepower to complete its planned take-over of Porsche. "Fiscal year 2010 was the best year in the history of the group. Volkswagen already provided
Published 26 Feb, 2011 12:00am
India warns of FDI slowdown in pre-budget report

India warns of FDI slowdown in pre-budget report

A sharp slowdown in India's foreign direct investments and any moderation in exports could further strain the balance of payments, the government's chief economic adviser warned on Friday. The finance ministry's annual economic survey, released ahead of t
Published 26 Feb, 2011 12:00am
Iran sells more oil as Libyan exports dwindle

Iran sells more oil as Libyan exports dwindle

Iran is taking advantage of Libya's turmoil and dwindling exports to sell more crude that it has found difficult to offload due to economic sanctions. Unrest in Libya has slashed a big chunk of its crude oil output of 1.6 million barrels per day (bpd), wi
Published 26 Feb, 2011 12:00am
UK's economy suffers even sharper slump

UK's economy suffers even sharper slump

Britain's economy suffered an even sharper slump than expected at the end of last year and would have shrunk slightly even without December's bad weather, official data showed on Friday. The figures dented market expectations of any early rise in interest
Published 26 Feb, 2011 12:00am
Saudi Arabia raises oil output as Libyan exports disrupted

Saudi Arabia raises oil output as Libyan exports disrupted

Saudi Arabia has raised oil output about 8 percent to above 9 million barrels per day (bpd) to make up for a near halt in Libyan exports, an industry source said, helping prices fall further from the highest since 2008. Some European oil firms said they w
Published 26 Feb, 2011 12:00am
Renault-Nissan CEO rules out merger

Renault-Nissan CEO rules out merger

Carlos Ghosn on Friday ruled out a merger between Renault and Nissan, the two auto giants he heads, but said he would review the capital structure of the partnership after pressure from investors in the struggling French car maker. The issue of Renault's
Published 26 Feb, 2011 12:00am
Global IPOs have best start to year on record

Global IPOs have best start to year on record

Global listings activity has been the highest on record so far this year, with firms raising a total of $24 billion from initial public offerings (IPOs), according to Thomson Reuters data on Friday. Asia, which dominated equity capital markets in 2010, co
Published 26 Feb, 2011 12:00am
Spain adopts energy saving measures

Spain adopts energy saving measures

Spain announced Friday a series of energy saving measures, including cuts to the speed limit and lower prices for train tickets, in response to the rise in world oil prices due to unrest in the Middle East. "The goal is to reduce the consumption of oil an
Published 26 Feb, 2011 12:00am
Interbank rates soar

Interbank rates soar

The benchmark cost of interbank euro lending rose on Friday as expectations the ECB would signal next week it is moving closer to tightening policy outweighed the effect of a short-term improvement in banking sector liquidity. The European Central Bank me
Published 26 Feb, 2011 12:00am
Won and ringgit rise

Won and ringgit rise

The South Korean won and Malaysian ringgit rose on Friday as oil pulled back from $120 a barrel and on views that regional central banks may stem currency falls, but traders said emerging market currencies remained vulnerable to further volatility in ener
Published 26 Feb, 2011 12:00am
Indian rupee up

Indian rupee up

The Indian rupee ended stronger on Friday, after hitting its lowest in more than 1 week in the previous session, on back of firm domestic shares and broad dollar weakness overseas. The partially convertible rupee ended at 45.31/32 per dollar against Thurs
Published 26 Feb, 2011 12:00am
Australian dollar higher

Australian dollar higher

The Australian dollar held firm on Friday, defying Middle East tensions and high oil prices to reach a decade high on its New Zealand counterpart as pressure grew for a cut in interest rates there. The Aussie dollar climbed to $1.0131 from $1.0088 in New
Published 26 Feb, 2011 12:00am
Swiss franc holds gains

Swiss franc holds gains

The Swiss franc ticked closer to the previous session's record high against the dollar on Friday as the continuing Libyan turmoil and volatile oil prices kept risk aversion high on traders' agenda, fuelling franc strength. The franc was steady against the
Published 26 Feb, 2011 12:00am
Swiss franc soars to record high versus dollar

Swiss franc soars to record high versus dollar

The Swiss franc soared to a record high against the US dollar on Thursday and the yen gained broadly as fears the uprising in Libya could spill over to other oil producers made investors seek safety. The dollar tumbled after a surge in oil prices stoked w
Published 26 Feb, 2011 12:00am
Midday trade in New York: dollar recoups losses

Midday trade in New York: dollar recoups losses

The dollar rebounded against the euro on Friday, boosted by a retreat in oil prices after Saudi Arabia stepped up crude supply, and the greenback could reclaim its status as a safe-haven currency if Middle East tensions escalate.
Published 26 Feb, 2011 12:00am
Dollar edges up in London

Dollar edges up in London

The dollar edged up on Friday, helped as oil prices retreated from their recent highs on easing concerns about the turmoil in Libya and as investors squared positions ahead of the weekend. However, the euro still hovered near 2011 highs against the US cur
Published 26 Feb, 2011 12:00am
Euro nears key resistance; Swiss franc hit new peak

Euro nears key resistance; Swiss franc hit new peak

The euro edged closer to a key resistance against the dollar on Friday, supported by more inflation-fighting rhetoric from the European Central Bank, while the Swiss franc touched a new peak on fears the unrest in Libya may spread to other oil producers.
Published 26 Feb, 2011 12:00am
Sterling subdued near lows

Sterling subdued near lows

Sterling came under pressure on Friday, after data showed a deeper economic contraction in the UK than earlier thought, dampening expectations of an early interest rate hike and keeping alive the risk of a downturn. Revised official data showed the UK eco
Published 26 Feb, 2011 12:00am
Yuan ends up

Yuan ends up

The yuan closed up slightly against the dollar on Friday but gains were capped by caution after the People's Bank of China set a high mid-point but failed to let its daily fixing hit a record high. Traders had expected the fixing to hit a new peak as Beij
Published 26 Feb, 2011 12:00am
Miners fuel FTSE bounce in shortened session

Miners fuel FTSE bounce in shortened session

Britain's leading share index bounced higher on Friday in a shortened trading session after a severely delayed open, which the London Stock Exchange said was caused by a problem with market data. At the close, the FTSE 100 was up 81.22 points, or 1.4 perc
Published 26 Feb, 2011 12:00am
Australian shares higher

Australian shares higher

Australian stocks broke a five-day losing streak on Friday to close 0.6 percent higher as concern about Middle East tensions eased and Origin Energy rallied on a liquefied natural gas deal. Retailers also buoyed the market with Woolworths up 1.3 percent a
Published 26 Feb, 2011 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks ended up 0.68 percent on Friday, led by HTC and other tech exporters, amid hopes a weaker local currency will bring in forex gains and make them more competitive against Korean rivals. Electronics stocks were up 1.67 percent, with smartphone
Published 26 Feb, 2011 12:00am
European shares bounce

European shares bounce

European shares bounced after a week-long sell-off on Friday, as steady oil prices eased concerns over inflation, and strong company results gave the markets a boost. Building materials firm Saint-Gobain climbed 5.5 percent after it gave a strong earnings
Published 26 Feb, 2011 12:00am
Hong Kong stocks up, China index flat

Hong Kong stocks up, China index flat

Hong Kong stocks gained for the first session in four days on Friday, with investors scouting for bargains, but heavy selling in previous sessions saw the index fall 2.5 percent on the week. Stocks ended flat in China. Gains in banking shares such as Shen
Published 26 Feb, 2011 12:00am
Seoul shares rise

Seoul shares rise

Seoul shares edged up 0.7 percent after volatile trade on Friday, helped by a rebound in transporters and construction issues including Korean Air Line and Hyundai Engineering & Construction. The Korea Composite Stock Price Index (KOSPI) ended up 0.69 per
Published 26 Feb, 2011 12:00am
Treasuries move up

Treasuries move up

US Treasury debt prices rose on Thursday on safe-haven buying on the uprising in Libya and worries oil price rises could crimp consumer spending, harming the US economic recovery. Early buying pushed the benchmark 10-year Treasury note yield to the lowest
Published 26 Feb, 2011 12:00am
Treasuries move up

Treasuries move up

US Treasury debt prices rose on Thursday on safe-haven buying on the uprising in Libya and worries oil price rises could crimp consumer spending, harming the US economic recovery. Early buying pushed the benchmark 10-year Treasury note yield to the lowest
Published 26 Feb, 2011 12:00am
US stocks mixed as Libya jitters persist

US stocks mixed as Libya jitters persist

Festering concerns about violence in the Middle East caused jitters in the US stock market Thursday, with the major indexes closing the day mixed. As traders wondered how violence in Libya would affect oil prices and the broader US economy, price losses f
Published 26 Feb, 2011 12:00am
Friday's early trade: S&P rises one percent

Friday's early trade: S&P rises one percent

US stocks extended gains on Friday with the S&P 500 up slightly more than 1 percent, led by gains in banks, technology and commodity-related shares. The Dow Jones industrial average added 82.23 points, or 0.68 percent, to 12,150.81. The Standard & Poor's
Published 26 Feb, 2011 12:00am
Nikkei springs back

Nikkei springs back

Japan's Nikkei average rose on Friday for the first time in four days, as a sharp pullback in oil prices calmed concerns that a recent surge could derail the global recovery and nudged investors back towards riskier assets. Despite this week's weakness, m
Published 26 Feb, 2011 12:00am
Indian shares snap three-day fall

Indian shares snap three-day fall

Indian shares gained 0.4 percent on Friday, snapping a three-day losing streak, helped by firmer Asian and European peers and a fall in oil prices. But, the benchmark index closed 2.8 percent lower on the week, after posting its biggest one-day slide in 1
Published 26 Feb, 2011 12:00am
Southeast Asian markets rally

Southeast Asian markets rally

Southeast Asian stock markets rallied on Friday but volume was thin and worries about rising oil prices, which could hurt economic growth, meant trading would continue volatile next week, analysts said. Brent oil traded above $112 a barrel as the revolt i
Published 26 Feb, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 90,961 tonnes of cargo including 36,403 tonnes of import cargo, 54,558 tonnes of export cargo and 3,253 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 36,403 tonnes comprise
Published 26 Feb, 2011 12:00am
Activity improves slightly on cotton market

Activity improves slightly on cotton market

Trading activity improved on the cotton market on Friday as mills did buying to meet their urgent needs, dealers said. Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 11800, they said. Phutti prices in Sindh and Punjab were unchang
Published 26 Feb, 2011 12:00am
US wheat futures firm

US wheat futures firm

US wheat futures added one percent on Friday as this week's plunge in prices stirred interest from importers and as grain and wider markets paused for breath after extreme volatility fanned by a crisis in Libya. Agricultural commodity prices have been sha
Published 26 Feb, 2011 12:00am
Vietnam's February coffee exports jump 17 percent

Vietnam's February coffee exports jump 17 percent

Vietnam's February coffee exports rose around 16.9 percent from the same month in 2010 to 90,000 tonnes, or 1.5 million bags, in line with market expectations, and could offer some relief to tight markets. The country's coffee shipments last month were re
Published 26 Feb, 2011 12:00am
Dry weather hurts Kenya's January tea output

Dry weather hurts Kenya's January tea output

Kenya tea production fell a record 4.5 percent to 35.9 million kg in January compared with the same month a year ago due to hot, dry weather, while exports also fell, the Kenya Tea Board (KTB) said on Thursday. KTB data showed exports by the world's bigge
Published 26 Feb, 2011 12:00am
Wheat export premiums firm at US Gulf Coast

Wheat export premiums firm at US Gulf Coast

Wheat export premiums at the US Gulf Coast were firm on Thursday, supported by strong global demand and good export prospects for US supplies, traders said. Falling futures prices this week put US wheat in a more competitive position on the global market,
Published 26 Feb, 2011 12:00am
Rains in Argentina's farm belt delaying corn, soya harvests

Rains in Argentina's farm belt delaying corn, soya harvests

Heavy rains in Argentina's farm belt are delaying the incipient 2010/11 corn and soya harvests, after unseasonal dryness earlier this year rattled the sector, a specialist in crop weather said on Thursday. Argentina is the world's third-biggest soyabean e
Published 26 Feb, 2011 12:00am
Russia's farm output seen rising 8-8.5 percent

Russia's farm output seen rising 8-8.5 percent

Russia will need to import food products as growing domestic consumption outstrips a forecast increase in agricultural production, Deputy Economy Minister Andrei Klepach said on Friday. Russian farm production should increase by between 8 percent and 8.5
Published 26 Feb, 2011 12:00am
Saeed Ahmad new PTCL chairman

Saeed Ahmad new PTCL chairman

Saeed Ahmad Khan has been appointed as chairman of Pakistan Telecommunication Company Ltd board of directors from February 24, 2011 in place of Naguibullah Malik. According to information reaching KSE here on Friday, Federal Secretary Finance Dr Waqar Mas
Published 26 Feb, 2011 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures dropped on Thursday, as speculators sold because of weak technicals and lower US soybean prices while farmer cash selling brought in commercial hedge pressure, traders said. Crusher buying seen light with margins declining rece
Published 26 Feb, 2011 12:00am
Saeed Ahmad new PTCL chairman

Saeed Ahmad new PTCL chairman

Saeed Ahmad Khan has been appointed as chairman of Pakistan Telecommunication Company Ltd board of directors from February 24, 2011 in place of Naguibullah Malik. According to information reaching KSE here on Friday, Federal Secretary Finance Dr Waqar Mas
Published 26 Feb, 2011 12:00am
Saeed Ahmad new PTCL chairman

Saeed Ahmad new PTCL chairman

Saeed Ahmad Khan has been appointed as chairman of Pakistan Telecommunication Company Ltd board of directors from February 24, 2011 in place of Naguibullah Malik. According to information reaching KSE here on Friday, Federal Secretary Finance Dr Waqar Mas
Published 26 Feb, 2011 12:00am
KUWAIT FROM ORIGIN TO ORIENT

KUWAIT FROM ORIGIN TO ORIENT

The importance of the Kuwait in history or in the international relations and international trade in particular stretches back to the old distant ages. The present land of Kuwait was located within the Arabian middle lands of the State of Kendah which eme
Published 26 Feb, 2011 12:00am
KARACHI CHRONICLE: Faiz hype

KARACHI CHRONICLE: Faiz hype

April 13 was poet Faiz Ahmed Faiz's hundredth birthday. The day launched a series of celebratory programmes which will continue through the year in all parts of Pakistan and many cities in the world. The programme includes literary, musical, and political
Published 26 Feb, 2011 12:00am
ART FACTS: Vigorous thoughts

ART FACTS: Vigorous thoughts

Talat Dabir's hands are busy in moulding clay, giving shape to the images carve in her mind for more than four decades. At her home's basement-studio in Lahore forms and figures appear in clay and terracotta giving life to intangible but vigorous thoughts
Published 26 Feb, 2011 12:00am
Defiant Qadhafi says 'we will beat them'

Defiant Qadhafi says 'we will beat them'

Muammar Gaddafi vowed to "crush any enemy" on Friday, addressing a crowd of supporters in Tripoli as Libya's popular uprising closed in around him. "We will fight if they want," the 68-year-old leader declared after a day of clashes all over the capital b
Published 26 Feb, 2011 12:00am
Be aware of dog bites

Be aware of dog bites

Recent rise in the number of dog bite incidents is worrisome for concerned authorities and parents as well, because in majority of cases children are generally main victims. According to a survey, half of the people who died of rabies are under the age of
Published 26 Feb, 2011 12:00am
Defiant Qadhafi says 'we will beat them'

Defiant Qadhafi says 'we will beat them'

Muammar Gaddafi vowed to "crush any enemy" on Friday, addressing a crowd of supporters in Tripoli as Libya's popular uprising closed in around him. "We will fight if they want," the 68-year-old leader declared after a day of clashes all over the capital b
Published 26 Feb, 2011 12:00am
BRIDGE NOTES: Pure timing

BRIDGE NOTES: Pure timing

Declarer play has a charm all its own. For it emphasises the authoritativeness of the player who succeeds in making a tight contract without the opponents help which at the same time gives him that immense satisfaction of passing the test of his abilities
Published 26 Feb, 2011 12:00am
US fomenting violence: Venezuela

US fomenting violence: Venezuela

Venezuela's top diplomat on Thursday echoed Fidel Castro's accusation that Washington is fomenting unrest in Libya to justify an invasion to seize North African nation's oil reserves. Foreign Minister Nicolas Maduro claimed the United States is trying to
Published 26 Feb, 2011 12:00am
US fomenting violence: Venezuela

US fomenting violence: Venezuela

Venezuela's top diplomat on Thursday echoed Fidel Castro's accusation that Washington is fomenting unrest in Libya to justify an invasion to seize North African nation's oil reserves. Foreign Minister Nicolas Maduro claimed the United States is trying to
Published 26 Feb, 2011 12:00am
Nato, Europe pile pressure on Qadhafi

Nato, Europe pile pressure on Qadhafi

Nato and Europe piled pressure on Moamer Qadhafi 's regime Friday, joining forces to rescue foreigners stranded in Libya while EU governments geared up to take part in a possible no-fly zone. As the European Union agreed to slap sanctions on Tripoli, Nato
Published 26 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 26 Feb, 2011 12:00am
Nato, Europe pile pressure on Qadhafi

Nato, Europe pile pressure on Qadhafi

Nato and Europe piled pressure on Moamer Qadhafi 's regime Friday, joining forces to rescue foreigners stranded in Libya while EU governments geared up to take part in a possible no-fly zone. As the European Union agreed to slap sanctions on Tripoli, Nato
Published 26 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 26 Feb, 2011 12:00am
US warns banks on Libya cash transfers

US warns banks on Libya cash transfers

The Treasury Department has warned US banks to be vigilant of transfers linked to Libya's political leaders, as the international community mulls actions against top government officials. The department's Financial Crimes Enforcement Network told banks to
Published 26 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 25, 2011).

Published 26 Feb, 2011 12:00am
US warns banks on Libya cash transfers

US warns banks on Libya cash transfers

The Treasury Department has warned US banks to be vigilant of transfers linked to Libya's political leaders, as the international community mulls actions against top government officials. The department's Financial Crimes Enforcement Network told banks to
Published 26 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 25, 2011).

Published 26 Feb, 2011 12:00am
US warns banks on Libya cash transfers

US warns banks on Libya cash transfers

The Treasury Department has warned US banks to be vigilant of transfers linked to Libya''s political leaders, as the international community mulls actions against top government officials. The department''s Financial Crimes Enforcement Network told banks
Published 26 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 25, 2011).

Published 26 Feb, 2011 12:00am
Davis refuses to sign charge sheet

Davis refuses to sign charge sheet

A CIA contractor charged with double murder after shooting dead two men in Lahore refused to sign a charge sheet in court Friday and insisted he had diplomatic immunity, lawyers said. The hearing in the murder case against Raymond Davis took place amid hi
Published 26 Feb, 2011 12:00am
Davis refuses to sign charge sheet

Davis refuses to sign charge sheet

A CIA contractor charged with double murder after shooting dead two men in Lahore refused to sign a charge sheet in court Friday and insisted he had diplomatic immunity, lawyers said. The hearing in the murder case against Raymond Davis took place amid hi
Published 26 Feb, 2011 12:00am
Another container scam in the making: FTO seeks report from FBR

Another container scam in the making: FTO seeks report from FBR

Another container scam par excellence, replicating the multibillion-dollar Inter-national Security Assistance Force (Isaf) scam, appears to be in the making. Federal Tax Ombudsman (FTO) has taken serious exception to the "abnormal phenomenon in the moveme
Published 26 Feb, 2011 12:00am
Another container scam in the making: FTO seeks report from FBR

Another container scam in the making: FTO seeks report from FBR

Another container scam par excellence, replicating the multibillion-dollar Inter-national Security Assistance Force (Isaf) scam, appears to be in the making. Federal Tax Ombudsman (FTO) has taken serious exception to the "abnormal phenomenon in the moveme
Published 26 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 25, 2011).

Published 26 Feb, 2011 12:00am
Another container scam in the making: FTO seeks report from FBR

Another container scam in the making: FTO seeks report from FBR

Another container scam par excellence, replicating the multibillion-dollar Inter-national Security Assistance Force (Isaf) scam, appears to be in the making. Federal Tax Ombudsman (FTO) has taken serious exception to the "abnormal phenomenon in the moveme
Published 26 Feb, 2011 12:00am
Index loses 315.74 points

Index loses 315.74 points

The Karachi Stock Exchange on Friday witnessed panic selling due to uncertainty on political front. As a result, KSE-100 index registered a heavy loss of 315.74 points to close at 11,223.52 points. The market opened on a strong negative note and the index
Published 26 Feb, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (February 25, 2011).
Published 26 Feb, 2011 12:00am
Index loses 315.74 points

Index loses 315.74 points

The Karachi Stock Exchange on Friday witnessed panic selling due to uncertainty on political front. As a result, KSE-100 index registered a heavy loss of 315.74 points to close at 11,223.52 points. The market opened on a strong negative note and the index
Published 26 Feb, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (February 25, 2011).

Published 26 Feb, 2011 12:00am
Index loses 315.74 points

Index loses 315.74 points

The Karachi Stock Exchange on Friday witnessed panic selling due to uncertainty on political front. As a result, KSE-100 index registered a heavy loss of 315.74 points to close at 11,223.52 points. The market opened on a strong negative note and the index
Published 26 Feb, 2011 12:00am
BRIndex30 down 268.59 points

BRIndex30 down 268.59 points

On Friday, the BRIndex30 opened at 8,285.09 points and remained in red throughout the trading session. It touched the intra-day high of 8,285.59 points and low of 7,913.93 points, and closed at 8,016.50 points with a net negative change of -268.59 points,
Published 26 Feb, 2011 12:00am
BRIndex30 down 268.59 points

BRIndex30 down 268.59 points

On Friday, the BRIndex30 opened at 8,285.09 points and remained in red throughout the trading session. It touched the intra-day high of 8,285.59 points and low of 7,913.93 points, and closed at 8,016.50 points with a net negative change of -268.59 points,
Published 26 Feb, 2011 12:00am
Palm oil bill crosses $1 billion mark

Palm oil bill crosses $1 billion mark

Pakistan's palm oil import bill crossed one billion dollars in seven months of current fiscal year because of its soaring prices in the world market. Importers told Business Recorder on Friday that palm oil prices in the world market have been risi
Published 26 Feb, 2011 12:00am
Palm oil bill crosses $1 billion mark

Palm oil bill crosses $1 billion mark

Pakistan's palm oil import bill crossed one billion dollars in seven months of current fiscal year because of its soaring prices in the world market. Importers told Business Recorder on Friday that palm oil prices in the world market have been risi
Published 26 Feb, 2011 12:00am
Palm oil bill crosses $1 billion mark

Palm oil bill crosses $1 billion mark

Pakistan''s palm oil import bill crossed one billion dollars in seven months of current fiscal year because of its soaring prices in the world market. Importers told Business Recorder on Friday that palm oil prices in the world market have been ris
Published 26 Feb, 2011 12:00am
30 percent Shell shares of PRL: PSO raises concerns over buying process

30 percent Shell shares of PRL: PSO raises concerns over buying process

The Pakistan State Oil (PSO) has raised serious concerns over the bidding process in respect of acquiring Shell shares in Pakistan Refinery Limited (PRL), sources told this correspondent. PSO has reportedly deferred its plan to buy 30 percent shares of PR
Published 26 Feb, 2011 12:00am
30 percent Shell shares of PRL: PSO raises concerns over buying process

30 percent Shell shares of PRL: PSO raises concerns over buying process

The Pakistan State Oil (PSO) has raised serious concerns over the bidding process in respect of acquiring Shell shares in Pakistan Refinery Limited (PRL), sources told this correspondent. PSO has reportedly deferred its plan to buy 30 percent shares of PR
Published 26 Feb, 2011 12:00am
30 percent Shell shares of PRL: PSO raises concerns over buying process

30 percent Shell shares of PRL: PSO raises concerns over buying process

The Pakistan State Oil (PSO) has raised serious concerns over the bidding process in respect of acquiring Shell shares in Pakistan Refinery Limited (PRL), sources told this correspondent. PSO has reportedly deferred its plan to buy 30 percent shares of PR
Published 26 Feb, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (February 25, 2011).

Published 26 Feb, 2011 12:00am
PPP expelled from Punjab coalition

PPP expelled from Punjab coalition

Pakistan Muslim League-Nawaz (PML-N) finally ended its three-year long coalition with Pakistan People's Party (PPP) in Punjab what seems to be the end of the co-operation between the two major political forces pledged under Charter of Democracy (CoD) sign
Published 26 Feb, 2011 12:00am
PPP expelled from Punjab coalition

PPP expelled from Punjab coalition

Pakistan Muslim League-Nawaz (PML-N) finally ended its three-year long coalition with Pakistan People's Party (PPP) in Punjab what seems to be the end of the co-operation between the two major political forces pledged under Charter of Democracy (CoD) sign
Published 26 Feb, 2011 12:00am
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