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Archive - 2011-04-29
US imposes sanctions on Syria
Top News

US imposes sanctions on Syria

WASHINGTON: The United States on Friday imposed new sanctions on Syria over its brutal repression of mass protests, an
Published 29 Apr, 2011 10:38pm
US stocks post modest gains
Financial

US stocks post modest gains

NEW YORK: US stocks rose modestly Friday, with Dow blue chips spurred by Caterpillar's earnings while the Nasdaq struggl
Published 29 Apr, 2011 08:47pm
Former MQM MPA shot dead in Karachi
Top News

Former MQM MPA shot dead in Karachi

KARACHI: Former MQM MPA Liaquat Qureshi was gunned down at Abul Hassan Asfahani Road, Karachi. Aaj TV reported on Fri
Published 29 Apr, 2011 08:18pm
Colgate taps with $500mn deal
Financial

Colgate taps with $500mn deal

NEW YORK: Today is the last trading day in April, a month that has so far recorded USD56.572bn in new volume. Only one d
Published 29 Apr, 2011 07:10pm
Price of petrol to go up by over Rs4
Top News

Price of petrol to go up by over Rs4

KARACHI: The government has decided to raise the prices of petroleum products Aaj news reported on Saturday. The price
Published 29 Apr, 2011 07:00pm
Qadhafi call for Libya talks rejected
Top News

Qadhafi call for Libya talks rejected

TRIPOLI: Moamer Qadhafi vowed Saturday not to step down and proposed talks to end Libya's conflict, a call rejected by r
Published 29 Apr, 2011 07:00pm
Gold jumps to Rs49,400 per tola
Top News

Gold jumps to Rs49,400 per tola

ISLAMABAD: Gold price has surged to a record high of Rs.49,400 per tola (11.665 grammes) due to the price hike in the in
Published 29 Apr, 2011 07:00pm
Caterpillar posts record profit
Top News

Caterpillar posts record profit

NEW YORK: Caterpillar, the world's largest heavy equipment maker, reported on Friday soaring profit for the first quarte
Published 29 Apr, 2011 05:36pm
WTO talks on 'brink of failure': Lamy
Top News

WTO talks on 'brink of failure': Lamy

GENEVA: The Doha round of global talks aimed at expanding free trade is on the brink of failure, World Trade Organisatio
Published 29 Apr, 2011 04:57pm
Dubai Brits party for William and Kate
Top News

Dubai Brits party for William and Kate

DUBAI: Tens of thousands of Britons joined street parties in the United Arab Emirates on Friday to mark the royal weddin
Published 29 Apr, 2011 02:57pm
World joins in royal wedding party
Top News

World joins in royal wedding party

LOS ANGELES: The fairytale wedding of Prince William and Kate Middleton captured the imagination of the world Friday, wi
Published 29 Apr, 2011 02:41pm
Iran plans to increase oil output
Top News

Iran plans to increase oil output

TEHRAN: Iran plans to edge its oil output higher over the next 10 months, the semi-official Mehr news agency said on Fri
Published 29 Apr, 2011 12:05pm
Smartphone boom lifts phone market in Q1
Top News

Smartphone boom lifts phone market in Q1

HELSINKI: Strong demand for smartphones gave a further boost to overall cellphone market volumes in January-March, and m
Published 29 Apr, 2011 07:53am
US tornado toll passes 300
Top News

US tornado toll passes 300

TUSCALOOSA: The death toll from a series of storms and tornadoes across the southern United States soared to 305 on Thur
Published 29 Apr, 2011 05:50am
South Korea output grows for 21st month
Top News

South Korea output grows for 21st month

SEOUL: South Korea's industrial output grew for the 21st straight month in March thanks to continued economic expansion
Published 29 Apr, 2011 05:22am
Kia Motors earnings surge 91pc
Industry

Kia Motors earnings surge 91pc

SEOUL: South Korea's Kia Motors said Friday that first-quarter net profit jumped 91.2 percent year-on-year, helped by po
Published 29 Apr, 2011 04:16am
Turkish Competition Agency hails CCP working

Turkish Competition Agency hails CCP working

Senior officials of the Turkish Competition Agency (TCA) have appreciated the work done by the Competition Commission of Pakistan (CCP) and the achievements it has made in the competition law enforcement despite financial constraints.
Published 29 Apr, 2011 12:00am
MCCI hails Pak-India trade talks

MCCI hails Pak-India trade talks

President Multan Chamber of Commerce & Industry (MCCI), Shahid Naseem Khokhar has welcomed trade talks between Pakistan and India. The president MCCI has supported the demand to accord the most favoured nation (MFN) status to India to widen economic and r
Published 29 Apr, 2011 12:00am
ITP Education team acquaint students with traffic laws

ITP Education team acquaint students with traffic laws

Superintendent of Police (Traffic) Mir Vaiz Niaz and education team of Islamabad Traffic Police (ITP) on Thursday visited Oxford High School and briefed the children about road safety measures. The ITP has been arranging lectures at various educational in
Published 29 Apr, 2011 12:00am
'Charter of Economy'

'Charter of Economy'

President Asif Ali Zardari's desire for political parties and the business community to draw up a minimum agenda of the "Charter of Economy" has been widely hailed by business leaders, who met him last Tuesday. In fact, the work in this direction had alre
Published 29 Apr, 2011 12:00am
Attacks on PN buses

Attacks on PN buses

In less than 48 hours the terrorists have hit the third Pakistan Navy (PN) bus in Karachi. In the latest attack that took place at Sharea Faisal near Karsaz, four sailors and a passer-by were killed. On Tuesday, in two separate bomb attacks on buses ferry
Published 29 Apr, 2011 12:00am
Work ethics in the public sector

Work ethics in the public sector

Public service is meant to serve the public at large and public servants are commissioned to ensure the smooth functioning of government departments. The prime function of the State of looking after the interests of citizens, is not possible without this
Published 29 Apr, 2011 12:00am
Hydro power royalty issue

Hydro power royalty issue

There are a number of political economy issues in Energy sector that need to be resolved - the issue of Tarbela and hydro royalties or share of a producer province in energy supply. For example, there is currently an issue of gas quota for Sindh wherein t
Published 29 Apr, 2011 12:00am
Spain tries to reassure markets after Portugal bailout

Spain tries to reassure markets after Portugal bailout

Spain is struggling to reassure financial markets that it will not be the eurozone's next debt domino to fall after neighbouring Portugal was forced to seek a rescue package. Spain's borrowing costs have risen after Lisbon began bailout talks with the Eur
Published 29 Apr, 2011 12:00am
Alternative dispute resolution system

Alternative dispute resolution system

Through SRO 316(I)/2011 dated 18 April 2011, the FBR has notified a proposal to amend the 'alternative dispute resolution system' to do away with the limit on time. This follows Chairman FBR's resolve to recover Rs 150 billion, subject matter of tax relat
Published 29 Apr, 2011 12:00am
LHC puts off hearing against DG NAB Rana till May 9

LHC puts off hearing against DG NAB Rana till May 9

A division bench of the Lahore High Court here on Thursday adjourned the hearing of the petition and applications against appointment of Director General National Accountability Bureau (Punjab) Rana Zahid Mehmood till May 9. The bench hearing the petition
Published 29 Apr, 2011 12:00am
Presidential pardon to Malik: LHC reserves its verdict

Presidential pardon to Malik: LHC reserves its verdict

A full bench of the Lahore High Court on Thursday reserved its verdict in a petition challenging presidential pardon to interior minister Rehman Malik. The bench headed by Chief Justice Ijaz Ahmad Chaudhry reserved judgement on the petition of Imtiaz Rash
Published 29 Apr, 2011 12:00am
Making new provinces: Court can't restrain parliament

Making new provinces: Court can't restrain parliament

The Lahore High Court while dismissing a petition against likely setting up of Sraiki province observed that courts could not restrain parliament from making new provinces. The petition was moved by a local citizen Ijaz who contended that establishment of
Published 29 Apr, 2011 12:00am
SBP decision on extension of auto loans welcomed

SBP decision on extension of auto loans welcomed

Chairman of Chamber of Small traders Khalid Mehmood Qureshi has hailed the decision of the State Bank of Pakistan (SBP) to allow the banks/Development Finance Institutions (DFIs) to extend loans for the cost of ancillary item(s) like CNG kits, vehicle tra
Published 29 Apr, 2011 12:00am
Increase in salaries: 'doctors to hear good news in coming budget'

Increase in salaries: 'doctors to hear good news in coming budget'

Senator Pervaiz Rashid has said that the promises made by Punjab Chief Minister Muhammad Shahbaz Sharif with doctors will be fulfilled at all cost and doctors will hear a good news with regard to increase in their salaries in the coming budget.
Published 29 Apr, 2011 12:00am
Growers facing hardships in getting gunny bags

Growers facing hardships in getting gunny bags

Farmers have alleged that short supply of gunny bags, cumbersome procedure adopted by the provincial food department and reduction in procurement target, has left no option for them but to sell their wheat crop to the middlemen at throw away prices.
Published 29 Apr, 2011 12:00am
Guava decline: 'complex disease syndrome become worst enemy of trees'

Guava decline: 'complex disease syndrome become worst enemy of trees'

Guava Decline, a major threat and complex disease syndrome has become worst enemy of trees of this fruit and all the orchards in Sharakpur Tehsil have been completely affected from this disease. This was disclosed at a meeting arranged by the Punjab Agric
Published 29 Apr, 2011 12:00am
Including PML-Q in alliance: JUI-F terms PPP's move self-directed

Including PML-Q in alliance: JUI-F terms PPP's move self-directed

The Jamiat Ulema-e-Islam (JUI-F) senior leader Hafiz Hussain Ahmed has said that PPP's efforts to include PML-Q in political alliance was self directed and not aimed at resolving the masses' hardships and crises confronting the country's stability.
Published 29 Apr, 2011 12:00am
Search Committee: LHC adjourns hearing to May 13

Search Committee: LHC adjourns hearing to May 13

The Lahore High Court (LHC) adjourned to May 13 for further arguments the proceedings in six identical petitions challenging process for appointment of six public sector universities vice chancellors and composition of "search committee", tasked for the a
Published 29 Apr, 2011 12:00am
International 'Pashto Peace Conference' to commence today

International 'Pashto Peace Conference' to commence today

A two-day International Pashto Peace Conference will start here on Friday under the auspices of World Pashto Conference to highlight the role of writers and poets in promotion of peace in the region. Addressing a press conference here at Peshawar Press Cl
Published 29 Apr, 2011 12:00am
FWBL, OUP sign agreement

FWBL, OUP sign agreement

First Women Bank Ltd (FWBL) and Oxford University Press, Pakistan (OUP) entered into an agreement to facilitate customers on shop at OUP outlets nation-wide. Shafqat Sultana President First Women Bank Ltd and Amina Saiyed Managing Director Oxford Universi
Published 29 Apr, 2011 12:00am
Elected

Elected

Seema Shafi and Ahmed Malik were unanimously elected Unit Chief and Deputy Unit Chief, respectively, in the Karachi Union of Journalists (KUJ) Business Recorder Unit elections on Thursday.
Published 29 Apr, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 29 Apr, 2011 12:00am
Emirates' Airbus A380 arrives in Shanghai

Emirates' Airbus A380 arrives in Shanghai

Shanghai welcomed its first scheduled Airbus A380 service when Emirates flight EK302 from Dubai arrived at Shanghai Pudong International Airport. Shanghai has became the third destination in China for Emirates' A380, following on from the launch of servic
Published 29 Apr, 2011 12:00am
NHA to build two more motorways, 4 expressways

NHA to build two more motorways, 4 expressways

National Assembly was informed on Thursday that National Highway Authority (NHA) plans to construct two more motorways and four expressways in the country in the near future.
Published 29 Apr, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 29 Apr, 2011 12:00am
Three-day Seerat books exhibition begins today

Three-day Seerat books exhibition begins today

A three-day Seerat books exhibition, being organised by Regional Da'wah Centre, will start today (Friday) at Liaqat National Library. Addressing a press conference here on Thursday, Dr Syed Aziz-ur-Rehman, head of Regional Da'wah Centre, said that for the
Published 29 Apr, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Apr, 2011 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 29 Apr, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Apr, 2011 12:00am
Policies should be growth oriented: Dr Baig

Policies should be growth oriented: Dr Baig

In a recent meeting of Prime Minister's Business Persons Council (BPC) with the President Asif Ali Zardari at Presidency, Dr Baig as a member of PM Business Persons Council, advised President and the economic team that the government did fairly good on th
Published 29 Apr, 2011 12:00am
Hafeez attends World Bank-IMF meetings

Hafeez attends World Bank-IMF meetings

Finance Minister, Dr Abdul Hafeez Shaikh attended the World Bank-IMF spring meetings in Washington D.C. last week. During the visit, Dr Shaikh also participated in an investor outreach event in New York organised by Bank of America Merrill Lynch and KASB
Published 29 Apr, 2011 12:00am
ZTBL Security Chief, others given for four-day remand

ZTBL Security Chief, others given for four-day remand

The court has granted four-day physical remand to Security Chief of Zarai Taraqiati Bank Limited (ZTBL) Colonel (Qazi Mansoor Retd) and other employees of the Bank to police custody and adjourned hearing till May 2. Islamabad Police presented the Security
Published 29 Apr, 2011 12:00am
SBP's guidelines to avert e-banking frauds soon

SBP's guidelines to avert e-banking frauds soon

The State Bank of Pakistan is closely monitoring the rising cases of e-banking frauds and it will issue necessary guidelines to avert these crimes soon. So far SBP has completed more than 20 Information Systems Inspections for all major banks including fo
Published 29 Apr, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (April 28, 2011).

Published 29 Apr, 2011 12:00am
Indus Motor sales grow by seven percent

Indus Motor sales grow by seven percent

The board of directors of Indus Motor Company Limited met on April 26 to review company's financial and operating performance for the third quarter ended March 31, 2011. According to a press release issued, here on Thursday, the company's sales grew by se
Published 29 Apr, 2011 12:00am
Fishermen demand security by Pakistan's Navy

Fishermen demand security by Pakistan's Navy

Local fishermen of tiny Baba and Bhit islands want a boost in the security patrolling by Pakistan Navy within the seaport navigational channel after the third terror attack on the navy bus in the last three days. "All sensitive installations of Pakistan N
Published 29 Apr, 2011 12:00am
Two bodies found in Balochistan

Two bodies found in Balochistan

Police on Thursday found decomposed bodies of two persons from Ormara area of Mekran division. Police official said that on an information police recovered two bodies, which were later identified as Yousuf Nazir and Sidique Eido. The victims had gone miss
Published 29 Apr, 2011 12:00am
The Weather

The Weather

The weather report on Thursday (April 28, 2011) and the forecast for Friday (April 29, 2011).

Published 29 Apr, 2011 12:00am
Messi magic gives Barca upper hand over Real

Messi magic gives Barca upper hand over Real

Lionel Messi's sublime double lifted Barcelona to a 2-0 win over bitter rivals Real Madrid and lit up an acrimonious Champions League semi-final first leg in which the hosts finished with 10 men and had coach Jose Mourinho sent off.
Published 29 Apr, 2011 12:00am
Obama releases birth document, decries silliness

Obama releases birth document, decries silliness

President Barack Obama has produced his detailed birth certificate from Hawaii, hoping to clamp off a resurrection of claims he was born outside the United States and declaring the country did not have the "time for this kind of silliness."
Published 29 Apr, 2011 12:00am
US raps China for 'serious backsliding' on rights

US raps China for 'serious backsliding' on rights

A US envoy accused China of "serious backsliding" on human rights Thursday following talks on the issue that were held as Beijing carries out a severe crackdown on government critics. Assistant Secretary of State Michael Posner also indicated China rebuff
Published 29 Apr, 2011 12:00am
10 killed in Iraq mosque suicide attack

10 killed in Iraq mosque suicide attack

A suicide bomber blew himself up inside a Shiite mosque in central Iraq on Thursday, killing 10 people, amid nation-wide violence that left 16 dead, including senior police and army officers. The violence comes with just months to go before US troops must
Published 29 Apr, 2011 12:00am
Libyan forces overrun rebels on Tunisian border

Libyan forces overrun rebels on Tunisian border

Forces loyal to Libyan leader Muammar Qadhafi overran a rebel outpost on the Tunisian border on Thursday, but the opposition disputed a state TV report that they had also taken a remote desert town. Fighting spilled onto Tunisian territory at the Dehiba-W
Published 29 Apr, 2011 12:00am
Palestinians applaud unity deal, Israel growls

Palestinians applaud unity deal, Israel growls

A surprise deal to end decades of rivalry between Fatah and Hamas was welcomed by the Palestinian leadership on Thursday, but denounced by Israel as crossing "a red line." The agreement, announced in Cairo on Wednesday, saw the secular Fatah party which d
Published 29 Apr, 2011 12:00am
Britain withdraws Syria's royal wedding invitation

Britain withdraws Syria's royal wedding invitation

Britain has withdrawn the royal wedding invitation to Syria, with the support of Buckingham Palace, after a violent crackdown against pro-democracy supporters, a Foreign Office spokesman said on Thursday. The invitation was rescinded on the eve of Friday'
Published 29 Apr, 2011 12:00am
US judge rules Muslims can't see FBI files

US judge rules Muslims can't see FBI files

A federal judge ruled Wednesday that a group of Muslim activists and organisations cannot review additional records of FBI inquiries into their activities but berated the government for misleading the court about the existence of the files. US District Ju
Published 29 Apr, 2011 12:00am
Assad facing dissent over Deraa crackdown

Assad facing dissent over Deraa crackdown

Syrian President Bashar al-Assad faced rare dissent within his Baath Party and signs of discontent in the army over violent repression of protesters that a rights group said on Thursday had killed 500 people. Two hundred members of the ruling party from s
Published 29 Apr, 2011 12:00am
Afghan bus crash kills 20

Afghan bus crash kills 20

Twenty Afghans were killed and 33 injured Thursday when a speeding bus lost control and overturned on a dangerous southern highway, traffic police said. The bus crashed on the main road linking the capital Kabul with the biggest southern city, Kandahar, i
Published 29 Apr, 2011 12:00am
Two dead in Indonesia plane crash

Two dead in Indonesia plane crash

Two people on a training flight were killed when their glider plane crashed in Indonesia's Yogyakarta province on Thursday, a military academy official said. "Two people were killed in the accident. One is the instructor and the other is the student," Air
Published 29 Apr, 2011 12:00am
Judge approves USDA, Indian farmers settlement

Judge approves USDA, Indian farmers settlement

A federal judge has approved a $680 million settlement between the Agriculture Department and American Indian farmers who say they were denied loans because of discrimination. The two sides agreed on the deal last year subject to court approval. US Distri
Published 29 Apr, 2011 12:00am
Ukraine tries top official over journalist's murder

Ukraine tries top official over journalist's murder

The trial opened Thursday of a former senior Ukrainian official on charges of murdering critical journalist Georgy Gongadze in 2000, the most notorious crime in the country's post-Soviet history. Olexy Pukach, the former head of the Ukrainian interior min
Published 29 Apr, 2011 12:00am
Wary truce at Thai-Cambodian border

Wary truce at Thai-Cambodian border

A fragile cease-fire halted the bloodiest clashes between Thailand and Cambodia in decades on Thursday, after seven days of fighting left 15 dead and around 75,000 civilians displaced. Both sides remained cautious after local-level military negotiations p
Published 29 Apr, 2011 12:00am
UN renews Ivory Coast sanctions for one year

UN renews Ivory Coast sanctions for one year

The UN Security Council renewed an arms and diamond sales embargo Thursday on Ivory Coast for one year to maintain pressure on the new government to embark on a peace process and organise parliamentary elections. President Alassane Ouattara won a four-mon
Published 29 Apr, 2011 12:00am
New York cotton settles with steep drop as supply hits

New York cotton settles with steep drop as supply hits

US cotton futures finished sharply lower, with the benchmark July contract ending at the downside limit, and despite the Federal Reserve's essentially unchanged policy, the market's supply glut pressured prices into Wednesday's close. Many players sold co
Published 29 Apr, 2011 12:00am
US copper down

US copper down

Copper slumped on Wednesday on nagging doubts over the US economy and fears about tighter policy in China, but ended off the lows after the US Federal Reserve gave no indication it was in a rush to raise rates. In New York, US copper futures for May deliv
Published 29 Apr, 2011 12:00am
Shanghai aluminium surges

Shanghai aluminium surges

Metals on the Shanghai Futures Exchange ended the session 0.76 percent higher on Thursday on the same basis, while its most traded aluminium contact, July, closed 0.2 percent higher at 16,845 yuan.
Published 29 Apr, 2011 12:00am
Copper flat, aluminium at three-year high

Copper flat, aluminium at three-year high

Copper closed almost flat on Thursday after data showing that US first-quarter economic growth slowed more than expected and jobless claims rose offset the benefits of a sharply weaker dollar. Benchmark copper on the LME closed at $9,320 a tonne from a
Published 29 Apr, 2011 12:00am
New York sugar slips

New York sugar slips

Raw sugar futures closed lower on Wednesday with the market sliding back towards a six-month low set early last week, weighed by an improving supply outlook. Trade sources cited stronger-than-expected sugar production in top grower Brazil and No. 2 export
Published 29 Apr, 2011 12:00am
Malaysian palm oil gains

Malaysian palm oil gains

Malaysian palm oil futures ended higher on Thursday, snapping a three-day losing streak with support from firmer crude oil prices, but investors expect further weakness due to a rising production cycle. Benchmark July crude palm oil on Bursa Malaysia Deri
Published 29 Apr, 2011 12:00am
Tokyo rubber tumbles

Tokyo rubber tumbles

Key Tokyo rubber futures logged their largest monthly loss since November 2008 in April as last month's massive Japan earthquake and tsunami slashed auto output, though they rose 2.8 percent on Thursday on firm oil and commodity prices and a weaker yen.
Published 29 Apr, 2011 12:00am
US soyabeans falls

US soyabeans falls

US soyabean futures ended lower on Wednesday, dipping in the final minutes on liquidation as Federal Reserve Chairman Ben Bernanke began his first-ever press conference, traders said. CBOT May soyabeans were 4-3/4 cents lower at $13.78 a bushel. Soy price
Published 29 Apr, 2011 12:00am
Liffe sugar tumbles

Liffe sugar tumbles

Liffe July robusta coffee rose $19 to close at $2,555 a tonne after setting a contract high of $2,572. Market supported by surge in ICE arabicas to a fresh 34-year peak. Liffe August white sugar fell $11.40 to close at $615.10 a tonne after earlier hittin
Published 29 Apr, 2011 12:00am
Crude hits 31-month high

Crude hits 31-month high

US crude oil futures rose on Thursday to hit a 31-month high settlement after a volatile trading session that saw a weak dollar attract investors seeking alternative assets. US gasoline futures surged for a sixth straight session, driving prices to the hi
Published 29 Apr, 2011 12:00am
US gold hits new record

US gold hits new record

Gold rose to a record high of almost $1,530 an ounce on Wednesday and silver jumped 6 percent after the Chairman of the Federal Reserve gave no signs that the central bank would tighten monetary policy, leading the dollar to a three-year low. It was the e
Published 29 Apr, 2011 12:00am
Gold strikes new record in London

Gold strikes new record in London

Gold hit record highs on Thursday as the dollar's three-year low against a basket of major currencies attracted non-US investors, after the United States signalled it would retain accommodative monetary policy. Spot gold ascended to a lifetime high of $1,
Published 29 Apr, 2011 12:00am
US MIDDAY: coffee rises

US MIDDAY: coffee rises

Arabica coffee futures pared gains and closed firm on Thursday, after shooting well above $3 a lb to a 34-year high on the weak dollar and bullish chart patterns. The May raw sugar contract tumbled 0.63 cent or 2.6 percent to end at 23.92 cents a lb. July
Published 29 Apr, 2011 12:00am
US MIDDAY: corn falls

US MIDDAY: corn falls

US corn futures dropped the daily trading limit to their lowest level in nearly a month early on Thursday as a resumption in planting in western stretches of the Corn Belt alleviated concerns about supply, traders said. At 12:11 p.m. CST (1711 GMT), CBOT
Published 29 Apr, 2011 12:00am
US MIDDAY: copper easier

US MIDDAY: copper easier

Copper erased earlier gains to end easier on Thursday, influenced by slowing economic conditions in the US that underscored the bearish sentiment surrounding demand prospects at the start of the year. Copper's mildly negative tone came after US gross dome
Published 29 Apr, 2011 12:00am
US MIDDAY: silver hits record near $50

US MIDDAY: silver hits record near $50

Silver soared to an all-time high on Thursday and gold rose to another record, as the dollar fell and as signs that the Federal Reserve would maintain a loose monetary policy stoke inflation worries. Silver briefly climbed to within a whisker of $50 an ou
Published 29 Apr, 2011 12:00am
US MIDDAY: silver hits record near $50

US MIDDAY: silver hits record near $50

Silver soared to an all-time high on Thursday and gold rose to another record, as the dollar fell and as signs that the Federal Reserve would maintain a loose monetary policy stoke inflation worries. Silver briefly climbed to within a whisker of $50 an ou
Published 29 Apr, 2011 12:00am
US MIDDAY: silver hits record near $50

US MIDDAY: silver hits record near $50

Silver soared to an all-time high on Thursday and gold rose to another record, as the dollar fell and as signs that the Federal Reserve would maintain a loose monetary policy stoke inflation worries. Silver briefly climbed to within a whisker of $50 an ou
Published 29 Apr, 2011 12:00am
CCP issues show cause notice to PVMA

CCP issues show cause notice to PVMA

The Competition Commission of Pakistan (CCP) has issued show cause notice to Pakistan Vanaspati Manufacturers Association (PVMA) for being a front for fixing the price of ghee/cooking oil and rate of transportation of edible oils in violation of Section 4
Published 29 Apr, 2011 12:00am
Yasin Malik arrested

Yasin Malik arrested

Jammu and Kashmir Liberation Front (JKLF) Chairman in Indian Occupied Kashmir, Mohammad Yasin Malik and three of his associates were arrested by Indian police during a peaceful demonstration against the arrest of a youth at Maisuma locality in Occupied Sr
Published 29 Apr, 2011 12:00am
Majority of government schools lacks sanitation, security: Fafen report

Majority of government schools lacks sanitation, security: Fafen report

Majority of government boys' primary schools do not have services of sanitary and support staff, said a report of FAFEN Education Institution Monitor, issued here on Thursday. It said that as many as 94 percent of monitored schools did not have a serving
Published 29 Apr, 2011 12:00am
PAF ready to meet all challenges: Air Chief

PAF ready to meet all challenges: Air Chief

Chief of the Air Staff, Air Chief Marshal Rao Qamar Suleman on Thursday said that Pakistani forces were aware of prevailing situation and fully prepared to meet all challenges. He was addressing to passing out parade of graduating and commissioning cadets
Published 29 Apr, 2011 12:00am
Profit after tax of Unilever increases

Profit after tax of Unilever increases

The profit after tax of Unilever Pakistan Foods Limited has increased to Rs 145.047 million in the quarter ended March 31, 2011 as compared to Rs 97.861 million earned in the corresponding period in 2010. The board of directors of the company in its meeti
Published 29 Apr, 2011 12:00am
Profit after tax of NML increases

Profit after tax of NML increases

The profit after tax (unconsolidated) of Nishat Mills Limited has increased to Rs 1,423.513 million in the quarter ended March 31, 2011 as compared to Rs 800.183 million earned in the corresponding period in 2010. The board of directors of the company, in
Published 29 Apr, 2011 12:00am
Profit after tax of NML increases

Profit after tax of NML increases

The profit after tax (unconsolidated) of Nishat Mills Limited has increased to Rs 1,423.513 million in the quarter ended March 31, 2011 as compared to Rs 800.183 million earned in the corresponding period in 2010. The board of directors of the company, in
Published 29 Apr, 2011 12:00am
CORRIGENDUM

CORRIGENDUM

Apropos the caption of the above photo in the special report on "World Day for Safety and Health" carried by Business Recorder on April 28, 2011, it should be read as "Dr Faizullah Abbasi, Managing Director SSGC, receiving Brand of the Year Award 2
Published 29 Apr, 2011 12:00am
THE RUPEE: parity stays put

THE RUPEE: parity stays put

Steady trend was seen on the money market on Thursday as the rupee retained its levels in relation to dollar, dealers said. The rupee maintained its overnight levels in terms of dollar for buying and selling at 84.50 and 84.55, they said. In the fourth As
Published 29 Apr, 2011 12:00am
After tax profit of PSO increases to Rs 9.258 billion

After tax profit of PSO increases to Rs 9.258 billion

The profit after tax of Pakistan State Oil Company (PSO), the largest oil marketing company in Pakistan, has increased to Rs 9.258 billion in the nine-month period ended on March 31, 2011 as compared to Rs 7.534 billion earned in the corresponding period
Published 29 Apr, 2011 12:00am
THE RUPEE: parity stays put

THE RUPEE: parity stays put

Steady trend was seen on the money market on Thursday as the rupee retained its levels in relation to dollar, dealers said. The rupee maintained its overnight levels in terms of dollar for buying and selling at 84.50 and 84.55, they said. In the fourth As
Published 29 Apr, 2011 12:00am
After tax profit of PSO increases to Rs 9.258 billion

After tax profit of PSO increases to Rs 9.258 billion

The profit after tax of Pakistan State Oil Company (PSO), the largest oil marketing company in Pakistan, has increased to Rs 9.258 billion in the nine-month period ended on March 31, 2011 as compared to Rs 7.534 billion earned in the corresponding period
Published 29 Apr, 2011 12:00am
Need urged for manufacturing auto spare parts

Need urged for manufacturing auto spare parts

Former President, Karachi Chamber of Commerce and Industry (KCCI), Majid Aziz has emphasised the need that Pakistan should start manufacturing those auto spare parts which it is importing from various countries. He noted that Pakistan importing auto parts
Published 29 Apr, 2011 12:00am
Four people killed in different parts of city

Four people killed in different parts of city

At least four persons including an activist of Katchi Rabita Council (KRC) were killed in separate incidents here on Thursday in the city. According to details, two bullet-riddled bodies were found in the jurisdiction of Surjani police station. The bodies
Published 29 Apr, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 28, 2011).

Published 29 Apr, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 28, 2011).

Published 29 Apr, 2011 12:00am
Loss after tax of PIA increases to Rs 4.244 billion

Loss after tax of PIA increases to Rs 4.244 billion

The loss after tax of Pakistan International Airlines Corporation has increased to Rs 4.244 billion in the quarter ended on March 31, 2011 as compared to loss of Rs 2.529 billion posted in the corresponding period in 2010.
Published 29 Apr, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (April 28, 2011).

Published 29 Apr, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 29 Apr, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (April 28, 2011).

Published 29 Apr, 2011 12:00am
KESC engages women to check power theft in Korangi

KESC engages women to check power theft in Korangi

In order to further strengthen its `Anti-theft campaign' in Korangi Sector 10, the Karachi Electric Supply Company (KESC) has joined hands with the local community with the help of a local NGO, to create a Women Empowerment Community Group. A KESC stateme
Published 29 Apr, 2011 12:00am
Enrolment notification: 'future of 95 percent schoolchildren at stake'

Enrolment notification: 'future of 95 percent schoolchildren at stake'

Education system in Sindh is being ruined and percentage of enrolment of children's in schools is decreasing day by day. Recently, an education week was celebrated by government/ non-governmental organisations for increasing enrolment but due to the notif
Published 29 Apr, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 29 Apr, 2011 12:00am
Profit after tax of Unilever increases

Profit after tax of Unilever increases

The profit after tax of Unilever Pakistan Foods Limited has increased to Rs 145.047 million in the quarter ended March 31, 2011 as compared to Rs 97.861 million earned in the corresponding period in 2010. The board of directors of the company in its meeti
Published 29 Apr, 2011 12:00am
ICI profit after tax increases to Rs 624.116 million

ICI profit after tax increases to Rs 624.116 million

The profit after tax of ICI Pakistan Limited has increased to rupees 624.116 million in the quarter ended on March 31, 2011 as compared to Rs 396.778 million earned in the corresponding period in 2010. The board of directors of the company, in its meeting
Published 29 Apr, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (April 28, 2011).

Published 29 Apr, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (April 28, 2011) and for Friday (April 29, 2011).
Published 29 Apr, 2011 12:00am
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