BR100 Decreased By (-0.09%)
BR30 Increased By (0.08%)
KSE100 Increased By (0.17%)
KSE30 Increased By (0.1%)
AGHA 7.60 Increased By ▲ 0.01 (0.13%)
BECO 5.62 Increased By ▲ 0.11 (2%)
BML 59.52 Increased By ▲ 0.44 (0.74%)
BOP 34.40 Increased By ▲ 0.29 (0.85%)
CNERGY 13.05 Increased By ▲ 0.21 (1.64%)
CSIL 6.02 Decreased By ▼ -0.08 (-1.31%)
FCCL 57.12 Decreased By ▼ -0.54 (-0.94%)
FFL 16.25 Increased By ▲ 0.05 (0.31%)
FNEL 1.21 No Change ▼ 0.00 (0%)
KEL 7.41 Decreased By ▼ -0.07 (-0.94%)
KOSM 6.08 Increased By ▲ 0.14 (2.36%)
LOTCHEM 27.80 Decreased By ▼ -0.19 (-0.68%)
MLCF 100.90 Increased By ▲ 0.25 (0.25%)
NBP 205.89 Increased By ▲ 2.14 (1.05%)
NCPL 59.36 Decreased By ▼ -1.21 (-2%)
NPL 69.06 Decreased By ▼ -0.90 (-1.29%)
OGDC 319.00 Decreased By ▼ -1.29 (-0.4%)
PACE 11.10 No Change ▼ 0.00 (0%)
PAEL 43.00 Decreased By ▼ -0.12 (-0.28%)
PIBTL 16.67 Increased By ▲ 0.11 (0.66%)
PPL 229.50 Increased By ▲ 0.66 (0.29%)
PRL 70.70 Decreased By ▼ -0.32 (-0.45%)
PTC 70.87 Decreased By ▼ -0.78 (-1.09%)
SSGC 26.44 Decreased By ▼ -0.24 (-0.9%)
TBL 10.29 Increased By ▲ 0.48 (4.89%)
TELE 8.57 Decreased By ▼ -0.04 (-0.46%)
TPL 22.43 Increased By ▲ 0.19 (0.85%)
TPLP 15.30 Increased By ▲ 0.19 (1.26%)
TREET 24.85 Increased By ▲ 0.72 (2.98%)
TRG 60.49 Increased By ▲ 0.65 (1.09%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Archive - 2011-04-30
Blasts rock Libyan port amid NATO raid
Top News

Blasts rock Libyan port amid NATO raid

MISRATA: Thirteen powerful explosions rocked the Libyan port of Misrata late Saturday as NATO warplanes raided targets i
Published 30 Apr, 2011 10:54pm
Four more Balochistan ministers sworn in
Top News

Four more Balochistan ministers sworn in

QUETTA: Governor Balochistan Nawab Zulfiqar Ali Magsi on Saturday administered oath to 4 new ministers during a ceremony
Published 30 Apr, 2011 03:21pm
'South Park' earned 12 nominations
Arts

'South Park' earned 12 nominations

NEW YORK: A satirical Broadway show about Mormons by the creators of TV series "South Park" earned 12 nominations from t
Published 30 Apr, 2011 01:12pm
Weekly inflation falls below 17pct: FBS
Top News

Weekly inflation falls below 17pct: FBS

KARACHI: The Federal Bureau of Statistics (FBS) has said that the weekly inflation in Pakistan has decreased under 17 pe
Published 30 Apr, 2011 11:46am
6.1-magnitude quake shakes Panama
World

6.1-magnitude quake shakes Panama

WASHINGTON: A strong earthquake measuring 6.1 hit northern Panama early Saturday, the US government reported. The epice
Published 30 Apr, 2011 09:31am
Syria troops, snipers kill six in Daraa
Top News

Syria troops, snipers kill six in Daraa

NICOSIA: Syrian troops and snipers shot dead six people Saturday in the flashpoint southern town of Daraa, a rights acti
Published 30 Apr, 2011 06:33am
Occidental profit rises 46 percent

Occidental profit rises 46 percent

Occidental Petroleum Corp, the fourth-largest US oil company, posted a 46 percent increase in quarterly profit, topping expectations, helped by higher oil prices. The company produced 730,000 barrels of oil equivalent per day (boepd) in the quarter, compa
Published 30 Apr, 2011 12:00am
US diplomat briefly detained in Syria

US diplomat briefly detained in Syria

An American diplomat was briefly detained in Syria over the weekend, a US State Department official told AFP on Thursday. "A US embassy officer was detained and then released over last weekend. We protested this action with officials both in Damascus and
Published 30 Apr, 2011 12:00am
President attends British HC reception

President attends British HC reception

President Zardari felicitated Queen Elizabeth II after cutting the cake on her 85th birthday at a reception hosted in British High Commission on Friday. He also expressed best wishes for the newly-wed British royal couple Prince William of Wales and Cathe
Published 30 Apr, 2011 12:00am
Prices eace on panic selling by ginners

Prices eace on panic selling by ginners

Panic selling by ginners eased prices on the cotton market in process of trading, dealers said on Friday. Karachi Cotton Association (KCA) official spot rate was downed by Rs 500 to Rs 9,500, they said. In Sindh and Punjab phutti price of low type was at
Published 30 Apr, 2011 12:00am
President attends British HC reception

President attends British HC reception

President Zardari felicitated Queen Elizabeth II after cutting the cake on her 85th birthday at a reception hosted in British High Commission on Friday. He also expressed best wishes for the newly-wed British royal couple Prince William of Wales and Cathe
Published 30 Apr, 2011 12:00am
No deal on grain market

No deal on grain market

No deal was seen on the wholesale grain and seed market on Friday as almost all participants were busy in preparations for Juma prayers, grain and seed merchants group's release said.
Published 30 Apr, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 56,726 tonnes of cargo including 33,814 tonnes of import cargo, 22,912 tonnes of export cargo and 2,885 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 33,814 tonnes comprise
Published 30 Apr, 2011 12:00am
US wheat futures fall for third straight day

US wheat futures fall for third straight day

US wheat futures fell for the third straight day on Thursday, dropping 3.4 percent as rain in key growing areas of the US Plains provided some relief for the drought-stressed crop, traders said. Corn futures also fell as farmers in western stretches of th
Published 30 Apr, 2011 12:00am
Ivorian cocoa prices rise first time since end of conflict

Ivorian cocoa prices rise first time since end of conflict

Ivorian cocoa farmers said on Thursday that prices for their beans were rising for the first time since the end of a violent post-election power struggle, but that smuggling continued into Ghana. Banks began reopening on Thursday and cocoa exporters in th
Published 30 Apr, 2011 12:00am
Food prices, elections twin threat for Africa: World Bank

Food prices, elections twin threat for Africa: World Bank

Food price hikes are hitting Africa's urban populations harder now than in 2008 and pose a serious challenge to some of the continent's leaders, who face elections this year, a World Bank official said. Policymakers across the globe are fighting rising fo
Published 30 Apr, 2011 12:00am
Libya rebel oil firm plays down export prospects

Libya rebel oil firm plays down export prospects

Libyan rebels are unlikely to export any more oil until they are able to resume production but are keeping in touch with potential buyers, an oil official in the opposition-held east said on Monday. The rebels control fields owned by the Arabian Gulf Oil
Published 30 Apr, 2011 12:00am
Fortune Oil eyes double-digit growth, asset buys

Fortune Oil eyes double-digit growth, asset buys

Fortune Oil expects double-digit growth in both revenue and profit this year on booming demand from China, the world's largest energy consumer, and the company will look to buy more natural gas assets. Fortune Oil, which recently bought a stake in three i
Published 30 Apr, 2011 12:00am
Floods cut one percent of Thai 2011 rubber output

Floods cut one percent of Thai 2011 rubber output

Thailand should produce 3.46 million tonnes of rubber this year, down one percent from a January forecast due to heavy floods, the chief of an industry body in the world's biggest rubber producer and exporter said on Tuesday. That was still 15 percent abo
Published 30 Apr, 2011 12:00am
Discovery profit jumps, helped by advertising market

Discovery profit jumps, helped by advertising market

Discovery Communications Inc, whose cable TV networks feature hits such as "Storm Chasers" and "Deadliest Catch," reported an 80 percent rise in quarterly earnings and issued an upbeat full-year forecast. Discovery, whose cable networks include Discovery
Published 30 Apr, 2011 12:00am
'Tangible progress' in Afghanistan war: Pentagon

'Tangible progress' in Afghanistan war: Pentagon

Nato-led forces are making "tangible progress" in the Afghanistan war, with Taliban insurgents under pressure and forced out of key southern strongholds, the Pentagon said Friday. Although the US military acknowledged battlefield gains over the past six m
Published 30 Apr, 2011 12:00am
Discovery profit jumps, helped by advertising market

Discovery profit jumps, helped by advertising market

Discovery Communications Inc, whose cable TV networks feature hits such as "Storm Chasers" and "Deadliest Catch," reported an 80 percent rise in quarterly earnings and issued an upbeat full-year forecast. Discovery, whose cable networks include Discovery
Published 30 Apr, 2011 12:00am
'Tangible progress' in Afghanistan war: Pentagon

'Tangible progress' in Afghanistan war: Pentagon

Nato-led forces are making "tangible progress" in the Afghanistan war, with Taliban insurgents under pressure and forced out of key southern strongholds, the Pentagon said Friday. Although the US military acknowledged battlefield gains over the past six m
Published 30 Apr, 2011 12:00am
IMF sees recovery in FDI in Georgia

IMF sees recovery in FDI in Georgia

Georgia's successful Eurobond issue this month was a sign of growing confidence in the country that should spur a rise in foreign direct investment, but the country still needs to curb its current account deficit, the IMF said on Thursday.
Published 30 Apr, 2011 12:00am
WTO talks on 'brink of failure': Lamy

WTO talks on 'brink of failure': Lamy

The Doha round of global talks aimed at expanding free trade is on the brink of failure, World Trade Organisation chief Pascal Lamy warned on Friday, with experts signalling that a collapse could even threaten the WTO. Lamy added to the gloomy atmosphere
Published 30 Apr, 2011 12:00am
Greece to clear soon European Goldfields study

Greece to clear soon European Goldfields study

Greece is close to approving an environmental impact study submitted by London-based European Goldfields to run two goldmines in the country, a senior environment ministry official said on Thursday. The Greek unit of European Goldfields, Hellas Gold, oper
Published 30 Apr, 2011 12:00am
WTO talks on 'brink of failure': Lamy

WTO talks on 'brink of failure': Lamy

The Doha round of global talks aimed at expanding free trade is on the brink of failure, World Trade Organisation chief Pascal Lamy warned on Friday, with experts signalling that a collapse could even threaten the WTO. Lamy added to the gloomy atmosphere
Published 30 Apr, 2011 12:00am
Summer UK gas prices likely to fall, help industry

Summer UK gas prices likely to fall, help industry

Wholesale UK gas prices should fall this summer as liquefied natural gas shipments rapidly replenish plentiful stocks, helping soften the blow of record high transport fuel prices for battered British business. After an unprecedented surge in gas costs la
Published 30 Apr, 2011 12:00am
WTO talks on ''brink of failure'': Lamy

WTO talks on ''brink of failure'': Lamy

The Doha round of global talks aimed at expanding free trade is on the brink of failure, World Trade Organisation chief Pascal Lamy warned on Friday, with experts signalling that a collapse could even threaten the WTO. Lamy added to the gloomy atmosphere
Published 30 Apr, 2011 12:00am
Irish retail sales down, economy still weak

Irish retail sales down, economy still weak

Irish retail sales excluding car purchases boosted by an extended scrappage scheme fell 3.5 percent year-on-year in March, indicating the country is in line for another year of subdued domestic demand. With consumer spending expected to remain weak for th
Published 30 Apr, 2011 12:00am
US MIDDAY: gold rises nearly two percent

US MIDDAY: gold rises nearly two percent

Gold rose nearly 2 percent to above $1,550 an ounce amid thin volume on Friday, set for its biggest gain in five months, boosted by inflation worries, a dollar drop and expectations the US Federal Reserve will maintain easy money policy. Silver extended g
Published 30 Apr, 2011 12:00am
ECB to hold fire in May, next hike seen in July

ECB to hold fire in May, next hike seen in July

The European Central Bank will not raise interest rates again until July as it follows a steady path of policy tightening to rein in inflation while still supporting growth, a Reuters poll showed on Thursday. The poll of 76 economists, taken over the past
Published 30 Apr, 2011 12:00am
US MIDDAY: corn and soya rebound

US MIDDAY: corn and soya rebound

US corn futures jumped 4.5 percent on Friday on bargain buying, recouping all of the losses from a day earlier when prices fell to their lowest level in nearly a month. "There is short-covering after yesterday's big sell-off and the outside markets are co
Published 30 Apr, 2011 12:00am
China fines retailers in anti-inflation drive

China fines retailers in anti-inflation drive

China made another stab at reining in inflation on Thursday by fining scores of retailers up to 500,000 yuan ($76,785) for cheating shoppers with bogus discounts or promotions. Laying bare its intent to stamp out price pressures - with inflation last cloc
Published 30 Apr, 2011 12:00am
US MIDDAY: coffee climbs

US MIDDAY: coffee climbs

Arabica coffee futures trading on ICE reversed up to close at the highest level in 34 years, while US cocoa ended at a six-week high on Friday, hitting technical buy signals in its best monthly performance in 19 months. Raw sugar settled at a 6-1/2-month
Published 30 Apr, 2011 12:00am
Solar module price could drop 20 percent in 2011

Solar module price could drop 20 percent in 2011

Solar module prices could fall as much as 20 percent this year due to an excess of supply in the market, the chief executive of solar project developer Recurrent Energy said on Wednesday. Solar modules currently sell for between $1.40 and $1.50 each, Recu
Published 30 Apr, 2011 12:00am
Gold steadies, silver stays firm in European trade

Gold steadies, silver stays firm in European trade

Gold steadied on Friday, just shy of fresh record highs and set for its seventh successive weekly gain, driven largely by the decline in the dollar to its lowest in nearly three years. The dollar fell to its lowest since July 2008 against a basket of majo
Published 30 Apr, 2011 12:00am
Russia metals exporters face rail constraints

Russia metals exporters face rail constraints

Russian metals firms seeking to increase exports to China and other Asian buyers face an uphill struggle as they grapple with infrastructure constraints on Soviet-era rail lines in Siberia and the Far East. Russia's two main rail lines in the region, the
Published 30 Apr, 2011 12:00am
Silver, gold near lifetime highs in Asia

Silver, gold near lifetime highs in Asia

Silver and gold were within sight of historic highs on Friday and could resume an uptrend as the US dollar held near three-year lows against a basket of currencies on hopes US monetary policy would stay ultra-loose, keeping inflationary price pressures hi
Published 30 Apr, 2011 12:00am
Barrick bid suggests copper will be the new gold

Barrick bid suggests copper will be the new gold

Soaring global demand for copper makes the metal a better bet than gold and explains a surprise bid by Barrick Gold Corp, the world's No 1 bullion producer, for copper miner Equinox Minerals. Barrick's $7.68 billion offer for Equinox trumped one by Minmet
Published 30 Apr, 2011 12:00am
Silver hits record near $50 in US

Silver hits record near $50 in US

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 30 Apr, 2011 12:00am
Norway fund eyes $20 billion oil windfall

Norway fund eyes $20 billion oil windfall

Norway's $570 billion sovereign wealth fund could get a $20 billion windfall to invest in 2011 as oil prices surge, the fund's asset allocation chief told Reuters in an interview.
Published 30 Apr, 2011 12:00am
China demand for Indonesia rubber seen up 33 percent

China demand for Indonesia rubber seen up 33 percent

Indonesia will export a third more rubber this year to China, which will become the top buyer from the world's second-largest producer, as demand from Chinese tyre makers rises, taking the place of the drop in Japan after the earthquake, the Indonesian Ru
Published 30 Apr, 2011 12:00am
Kosovo targets annual GDP growth of 7-8 percent

Kosovo targets annual GDP growth of 7-8 percent

Kosovo is targeting economic growth of 7-8 percent annually from next year and expects to finalise the sale of its state-owned telecom company in November, the Economy Minister said on Wednesday. One of the poorest countries in Europe, Kosovo has drafted
Published 30 Apr, 2011 12:00am
Arabicas fall from 34-year peak; sugar crumbles

Arabicas fall from 34-year peak; sugar crumbles

ICE arabica coffee futures settled strong but pared early gains that hoisted it to a 34-year high in thin dealings on Thursday, bolstered by investor buying as the dollar sank to a three-year low. Raw sugar finished down but off a 6-1/2-month low hit earl
Published 30 Apr, 2011 12:00am
Weather patterns point to bad year for global wheat

Weather patterns point to bad year for global wheat

Global wheat output this year is threatened by a combination of drought, wet weather and flooding while corn and soy production should stay solid despite early seeding delays in the United States, a meteorologist told the Reuters Global Ags Forum on Wedne
Published 30 Apr, 2011 12:00am
Malaysian palm oil falls

Malaysian palm oil falls

Malaysian crude palm oil fell to a one-week low on Friday as an outlook for improved weather in the US sparked some selling in grain markets in the previous session that extended to the Asian vegetable oil complex. The tropical oil has lost 14 percent so
Published 30 Apr, 2011 12:00am
Wells Fargo CFO says property market mixed

Wells Fargo CFO says property market mixed

Wells Fargo & Co expects the US housing market to remain mixed as consumers digest conflicting news about the economy, Chief Financial Officer Tim Sloan said on Wednesday. "You've got consumers getting good economic information one week and then another w
Published 30 Apr, 2011 12:00am
TRW to double China sales in 2 years

TRW to double China sales in 2 years

TRW Automotive Holdings Corp, a US automotive supplier, believes its sales in China will more than double in two years, driving its 2011 total revenue to a record of above $15 billion, its chairman said on Wednesday. TRW will make its biggest-ever investm
Published 30 Apr, 2011 12:00am
Daiwa CEO expects post-quake rise in Japan M&A, financing

Daiwa CEO expects post-quake rise in Japan M&A, financing

Japan's March 11 earthquake will spark a surge in mergers, acquisitions and capital raising as companies cope with the disaster's aftermath, said the head of Daiwa Securities Group, helping the country's No 2 brokerage in its bid to make its Asian operati
Published 30 Apr, 2011 12:00am
Oil rises to post 8th straight monthly gain

Oil rises to post 8th straight monthly gain

Oil prices pushed higher on Friday, posting an eighth straight month of gains as the weaker dollar and turmoil in North Africa and the Middle East offset concerns about fuel demand and slowing US economic growth. For US crude, the streak of monthly gains
Published 30 Apr, 2011 12:00am
Naturex on prowl for more acquisitions

Naturex on prowl for more acquisitions

French food specialist Naturex hopes to seal one or two acquisitions this year to boost growth and build up its cosmetic business. The company, which supplies natural extracts and ingredients used for colouring and flavouring in the food processing indust
Published 30 Apr, 2011 12:00am
US soyabeans fall sharply

US soyabeans fall sharply

US soyabean futures ended sharply lower on Thursday on talk of fund selling of commodities, traders said. Corn futures led the sell-off, which was initially sparked by an improved planting weather forecast for some parts of the Corn Belt. Weaker crude oil
Published 30 Apr, 2011 12:00am
Central banks try different tools to fight inflation

Central banks try different tools to fight inflation

Central banks in Brazil, Chile and Thailand fretted on Thursday that high consumer prices could eat into economic gains, underscoring emerging markets' struggles to contain surging inflation. Different policy approaches in Thailand, South Korea, Chile and
Published 30 Apr, 2011 12:00am
Shanghai copper drops

Shanghai copper drops

Shanghai copper fell on Friday ahead of a long weekend, after the US unveiled lower-than-estimated GDP figures for the first quarter and a surprise jump in the number of unemployment benefits claims. The most active Shanghai copper contract, July, dropped
Published 30 Apr, 2011 12:00am
Alstom wins $193 million Lima rail contract

Alstom wins $193 million Lima rail contract

French energy and transport company Alstom has won a $193 million (130 million euro) contract to provide 19 metro trains for the Lima metropolitan transit network, the company announced on Thursday. The Peruvian investment company, Proinversion, said the
Published 30 Apr, 2011 12:00am
US copper weakens

US copper weakens

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 30 Apr, 2011 12:00am
Chrysler to fully repay US, Canada loans

Chrysler to fully repay US, Canada loans

Chrysler Group LLC, which came to the brink of collapse before a federal bailout in 2009, plans to fully repay more than $7 billion in loans from the US and Canadian governments by the end of June. The company's announcement on Thursday comes almost two y
Published 30 Apr, 2011 12:00am
New York cotton ends mixed with later contracts up

New York cotton ends mixed with later contracts up

US cotton futures were mixed by the end on Thursday, with nearby contracts falling and later-dated futures firming after steep selling in day-earlier business, but ample nearby supply was hurting May and July fibre prices. "We've had something of a meltdo
Published 30 Apr, 2011 12:00am
US state pension fund assets down $643.1 billion in 2009

US state pension fund assets down $643.1 billion in 2009

The value of assets in US state retirement systems fell by $641.3 billion to $2 trillion in 2009, the US Census Bureau said in a report on Thursday that showed the deep damage done to pension funds by the financial crisis. The 24 percent drop followed a l
Published 30 Apr, 2011 12:00am
Ibad for preventive steps to meet challenge of terrorism

Ibad for preventive steps to meet challenge of terrorism

Sindh Governor, Dr Ishrat-ul-Ibad Khan, has called for paying special attention towards preventive measures for combating terrorism. He was chairing a high level meeting held at the Governor House here on Friday. The meeting discussed law and order situat
Published 30 Apr, 2011 12:00am
Do more to harness real potential

Do more to harness real potential

In economics, it has been long established that the success or failure of any country lies on the state of its factors of production; namely, land, labour, capital, including technology and enterprise. But perhaps the biggest contributing force is labour,
Published 30 Apr, 2011 12:00am
Cricket diplomacy led to end Pakistan-India impasse: Prime Minister

Cricket diplomacy led to end Pakistan-India impasse: Prime Minister

Prime Minister Yousaf Raza Gilani has said that "Cricket diplomacy had ended the impasse between India and Pakistan and it was a positive development," and hoped that it would provide further impetus to the efforts for meaningful dialogue between the two
Published 30 Apr, 2011 12:00am
Public-Private Partnership in EPZs/SEZs/SIZs: A growth strategy

Public-Private Partnership in EPZs/SEZs/SIZs: A growth strategy

The concept of Export Processing Zone world-wide has been undergoing rapid transformation in respect to its institutional framework, management pattern, and area of operation including service standards. The Zones are no more a traditional narrow enclave
Published 30 Apr, 2011 12:00am
Disqualification case: LHC issues notice to PML-N MNA

Disqualification case: LHC issues notice to PML-N MNA

Lahore High Court here Friday issued notice to PML-N MNA Khawaja Saad Rafiq in an application of PML-Q Humayun Akhtar seeking restoration of a disqualification case dismissed for non-prosecution. The court on April 1 last had dismissed Akhtar's petition.
Published 30 Apr, 2011 12:00am
KARACHI CHRONICLE: Karachi province miscall

KARACHI CHRONICLE: Karachi province miscall

Last Sunday Punjab Chief Minister Shahbaz Sharif had politicians in Sindh cackling like hens trying to protect their chicks against the hawk's attack. In an historically important statement acknowledging the need for cutting up Punjab into more provinces,
Published 30 Apr, 2011 12:00am
Barker's allegations against Nawaz: LHC moved

Barker's allegations against Nawaz: LHC moved

A bar member has approached the Lahore High Court praying to hold an inquiry into allegations of sexual harassment levelled by an American journalist, Kim Barker, against PML-N Chief Nawaz Sharif. The petitioner, Masood Gujar, also prayed that the foreign
Published 30 Apr, 2011 12:00am
ART FACTS: Glimpses of Sufism and spirituality

ART FACTS: Glimpses of Sufism and spirituality

Being a Persian artist living abroad Mohsen Keiany became more sensitive towards his local traditional and social issues. He contemplates spirituality in the diverse traditions and human conditions. He wants to portray Sufism in its true spirit through hi
Published 30 Apr, 2011 12:00am
Power shortfall down to 4,000 megawatts

Power shortfall down to 4,000 megawatts

Power shortfall has been lurking around 4,000MW during last 24 hours with improvement in weather and fuel supply to thermal units. According to Pepco sources, power generation remained 12,229MW against a demand of 16,120MW, leaving the system with a short
Published 30 Apr, 2011 12:00am
Here comes the king of all fruits

Here comes the king of all fruits

Summer bring with it the extremely sought after summer delight, mango fruit. It ranks as number one on the list of most popular fruits. Delicious and wonderful taste of mango is hard to resist making it the king of all fruits. During every summer, this se
Published 30 Apr, 2011 12:00am
LHC approached against power load-shedding

LHC approached against power load-shedding

Unscheduled load-shedding of electricity has been challenged before the Lahore High Court. The petitioner Imtiaz Rashid Qureshi through his counsel Muteen-ul-Haq Chaudhry said masses are already perturbed at the sprawling price hike and unemployment and n
Published 30 Apr, 2011 12:00am
BRIDGE NOTES: The winning action

BRIDGE NOTES: The winning action

The ability to visualize maximum number of tricks in a particular contract as declarer with the least risk of jeopardising the bid contract is the sole criteria applicable for becoming a good player of the pairs game. For this is what the duplicate pairs
Published 30 Apr, 2011 12:00am
Trilateral talks in early May, says Haqqani

Trilateral talks in early May, says Haqqani

Dismissing media assertions on Islamabad advising Kabul against co-operation with the United States, Pakistan's top diplomat in Washington said quite contrary to such fabrications the three countries are going to hold trilateral talks in early May for pro
Published 30 Apr, 2011 12:00am
Zardari parries questions on talks with PML-Q

Zardari parries questions on talks with PML-Q

President Asif Ali Zardari on Friday remained tight-lipped over the possible PPP-PML(Q) alliance saying the Prime Minister might be in a good position to speak on the subject. Speaking to journalists after attending a reception hosted by British High Comm
Published 30 Apr, 2011 12:00am
New York cotton

New York cotton

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

Published 30 Apr, 2011 12:00am
Government taking measures to utilise 'black gold' of Tharparkar: Qaim

Government taking measures to utilise 'black gold' of Tharparkar: Qaim

Sindh Chief Minister Syed Qaim Ali Shah has said that the provincial government was taking all out measures to exploit the 'black gold' energy resources of Tharparkar. He was addressing after a briefing given to him about the Thar coal project by the Mana
Published 30 Apr, 2011 12:00am
New York cotton

New York cotton

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

Published 30 Apr, 2011 12:00am
Pakistan and Thailand to strengthen parliamentary cooperation

Pakistan and Thailand to strengthen parliamentary cooperation

Pakistan and Thailand on Friday affirmed their desire to further strengthen parliament-to-parliament co-operation. This was agreed as the visiting Pakistani parliamentary delegation called on the President of Thailand's National Assembly and Speaker of th
Published 30 Apr, 2011 12:00am
Intra-net system: EU delegation for linking ministries with provinces

Intra-net system: EU delegation for linking ministries with provinces

The European Union (EU), proposed the government to link the various ministries with the provinces by the efficient and effective intra-net system. In a meeting with Federal Minister for Inter-Provincial Co-ordination (IPC), Mian Raza Rabbani on Friday, t
Published 30 Apr, 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 30 Apr, 2011 12:00am
Samsung sees tough outlook, first quarter hits two-year low on TVs

Samsung sees tough outlook, first quarter hits two-year low on TVs

Samsung Electronics faces a challenging outlook after reporting its third consecutive fall in quarterly profit as it stuggles to make ground on Apple Inc and deal with a tepid recovery in its TV and flat screens business. The world's No.2 handset maker, h
Published 30 Apr, 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 Commi
Published 30 Apr, 2011 12:00am
Chevron profit rises 36 percent with oil price surge

Chevron profit rises 36 percent with oil price surge

Chevron Corp, the second-largest US oil company, reported a larger-than-expected 36 percent rise in earnings on Friday, as oil prices surged and refining improved along with global fuel demand. Oil company profits have been boosted by the jump in crude pr
Published 30 Apr, 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 (April 29, 2011).

Published 30 Apr, 2011 12:00am
Chevron profit rises 36 percent with oil price surge

Chevron profit rises 36 percent with oil price surge

Chevron Corp, the second-largest US oil company, reported a larger-than-expected 36 percent rise in earnings on Friday, as oil prices surged and refining improved along with global fuel demand. Oil company profits have been boosted by the jump in crude pr
Published 30 Apr, 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 (April 29, 2011).

Published 30 Apr, 2011 12:00am
Citi searches new payments corner for growth

Citi searches new payments corner for growth

Citigroup Inc is staking out a new corner of the $900 billion payments industry, in the hopes that a long-time payments executive can find revenue growth for the bank there. Paul Galant, who previously ran Citigroup's credit card and global transaction pr
Published 30 Apr, 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 (April 29, 2011).

Published 30 Apr, 2011 12:00am
Harman sees $1 billion in new orders by year-end

Harman sees $1 billion in new orders by year-end

Audio systems maker Harman International Industries Inc expects about $1 billion of new orders by the end of this year and is in talks with Indian automakers as part of its plans to expand in the emerging markets, its top executive said.
Published 30 Apr, 2011 12:00am
ICBC posts 29 prise in first quarter profit

ICBC posts 29 prise in first quarter profit

Industrial and Commercial Bank of China, the world's largest bank by market value, said on Thursday its first-quarter net profit rose 29.5 percent on expanded margins following two interest rate hikes in the quarter. ICBC recorded a 53.79 billion yuan ($8
Published 30 Apr, 2011 12:00am
Helmerich second quarter profit misses

Helmerich second quarter profit misses

Helmerich & Payne Inc's quarterly profit missed market estimates, but the onshore oil and gas driller inked contracts to build more of its highly mobile rigs that are in demand as the industry shifts toward more oil- and liquids-rich prospects.
Published 30 Apr, 2011 12:00am
EU opens anti-trust probe into stay-awake drug deal

EU opens anti-trust probe into stay-awake drug deal

European antitrust authorities announced Thursday the opening of a formal antitrust probe into US drugs company Cephalon and Israel-based generic drugs firm Teva over stay-awake drug Modafinil.
Published 30 Apr, 2011 12:00am
Cheap dollar fuels one-way bets in everything else

Cheap dollar fuels one-way bets in everything else

Americans' cheap money spigot remains open and the flow is as fast as ever, meaning the world had better brace for even higher oil, metals and food prices and a weaker dollar.
Published 30 Apr, 2011 12:00am
Fearful voters trickle out to northern Nigeria polls

Fearful voters trickle out to northern Nigeria polls

Voters trickled out to polling stations on Thursday in two states in northern Nigeria where rioting killed hundreds last week, under the watchful eye of policemen on horseback and soldiers manning barricades.
Published 30 Apr, 2011 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 30 Apr, 2011 12:00am
Yemen opposition warns bloodshed may derail deal

Yemen opposition warns bloodshed may derail deal

Yemen's opposition warned the government on Thursday that violence against street protesters demanding the removal of President Ali Abdullah Saleh could derail a deal aimed at ending the political stand-off.
Published 30 Apr, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Apr, 2011 12:00am
China may be Lamborghini's No 1 market this year

China may be Lamborghini's No 1 market this year

China could become the number one market for Italian supercar maker Lamborghini, as the country's luxury market continues to grow apace, its chief executive Stephan Winkelmann told Reuters on Tuesday. "I think it is even going to become the No.1 market al
Published 30 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 30 Apr, 2011 12:00am
Police mutiny spreads in troubled Burkina Faso

Police mutiny spreads in troubled Burkina Faso

A wave of popular anger spread in Burkina Faso Thursday as police followed the army in staging a mutiny a week after President Blaise Compaore formed a new government in a bid to quell the unrest. Policemen fired into the air in the capital Ouagadougou on
Published 30 Apr, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Apr, 2011 12:00am
Syria tried to build nuclear reactor: IAEA chief

Syria tried to build nuclear reactor: IAEA chief

The head of the International Atomic Energy Agency said for the first time that a target destroyed by Israeli warplanes in the Syrian desert in 2007 was the covert site of a future nuclear reactor, countering assertions by Syria that it had no atomic secr
Published 30 Apr, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 30 Apr, 2011 12:00am
UK coalition to survive polls fallout: minister

UK coalition to survive polls fallout: minister

British Defence Secretary Liam Fox said on Thursday those forecasting the demise of the ruling coalition after local elections next week underestimated its determination to deal with a record budget deficit.
Published 30 Apr, 2011 12:00am
China's population grows older and more urban

China's population grows older and more urban

Half of China's 1.34 billion population live in cities and towns, according to a census on Thursday that pointed to the daunting tasks ahead for policymakers as the labour market shrinks and the nation grows older.
Published 30 Apr, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 30 Apr, 2011 12:00am
SAP confirms 2011 outlook

SAP confirms 2011 outlook

German business software maker SAP posted double-digit growth in first quarter sales and operating profit but missed analysts expectations. While total sales were slightly below analyst estimates, operating profit clearly missed average forecast, which ha
Published 30 Apr, 2011 12:00am
Portugal bailout terms seen ready in days

Portugal bailout terms seen ready in days

A package of conditions for Portugal to meet in return for a bailout from Europe and the IMF should be ready within days, a source said on Thursday as ministers voiced confidence the negotiations were on track.
Published 30 Apr, 2011 12:00am
Embattled Record stands by investment strategy

Embattled Record stands by investment strategy

Currency manager Record Plc is sticking to an investment strategy that has delivered negative returns, sent clients fleeing and hammered its shares while it waits for foreign exchange markets to turn. Record has been pursuing a strategy which aims to make
Published 30 Apr, 2011 12:00am
Zimmer posts stronger first-quarter results

Zimmer posts stronger first-quarter results

Orthopedic device maker Zimmer Holdings Inc reported solid first-quarter results, reflecting a slight pick-up in demand for joint replacements after a long slide. Its shares touched $65.87, its highest point since September 30, 2008, before easing slightl
Published 30 Apr, 2011 12:00am
BorgWarner first quarter profit beats Street estimates

BorgWarner first quarter profit beats Street estimates

BorgWarner Inc reported a higher-than-expected quarterly profit on Thursday, driven by revenue that surpassed Wall Street estimates in a recovering global auto market. The company posted first-quarter earnings of $1 per share, above the analysts' average
Published 30 Apr, 2011 12:00am
Saudi Arabia in tough act to balance sweet-sour crude supply

Saudi Arabia in tough act to balance sweet-sour crude supply

Saudi Arabia and other Opec producers are having to play a difficult balancing act in keeping high oil prices from eroding demand while at the same time protecting the value of their lower-priced, more sulphurous crude. Middle East producers are selling t
Published 30 Apr, 2011 12:00am
Lebanon cuts GDP forecast on political strife

Lebanon cuts GDP forecast on political strife

Political wrangling in Lebanon has harmed the economy which is now expected to grow at 2.5 percent, down from an earlier projection of around 5 percent, the caretaker finance minister said on Thursday.
Published 30 Apr, 2011 12:00am
Azerbaijan oil fund eyes overseas equities, property

Azerbaijan oil fund eyes overseas equities, property

Oil-producing Azerbaijan plans to begin investing in publicly traded shares and real estate abroad in 2011 with cash from its $26 billion rainy-day oil fund, the fund's executive director said on Thursday. The state oil fund holds revenues from oil contra
Published 30 Apr, 2011 12:00am
Ebullient gold shrugs off rising risk appetite

Ebullient gold shrugs off rising risk appetite

Investors should be wary of calling a top to gold's price rally, as the ease with which it has scaled fresh peaks even in the face of recovering risk appetite shows the breadth of underlying support for the metal.
Published 30 Apr, 2011 12:00am
AmEx targets China, India, for growth

AmEx targets China, India, for growth

American Express Co is eyeing China and India as it expands beyond traditional credit card lending, the executive leading that expansion told Reuters. "We're spending a lot of time in India and China thinking about various approaches," Daniel Schulman, he
Published 30 Apr, 2011 12:00am
TSMC first quarter net matches forecast

TSMC first quarter net matches forecast

TSMC, the world's biggest contract chip maker, posted a second consecutive fall in quarterly profit on Thursday, matching forecasts, in part due to a decline in demand for notebook PCs. The company said in a statement that it saw no impact from Japan's ea
Published 30 Apr, 2011 12:00am
Emirates to spend $10 billion a year to expand fleet

Emirates to spend $10 billion a year to expand fleet

Emirates, the Arab world's largest airline, will spend about $10 billion a year to fund its fleet expansion over three years but is not under pressure to tap the bond market, a senior official said.
Published 30 Apr, 2011 12:00am
Australia miner cranks up Zambia nickel mine after fall

Australia miner cranks up Zambia nickel mine after fall

Australia's Albidon Ltd expects its reactivated Munali nickel mine in Zambia to produce 50,000 tonnes of nickel in concentrate this year, which will be sold at prevailing spot prices to Chinese metals refiner Jinchuan Group.
Published 30 Apr, 2011 12:00am
Bunge profit tops estimates on strong demand

Bunge profit tops estimates on strong demand

Agricultural processor Bunge Ltd posted higher-than-expected quarterly earnings on Thursday, citing strong global demand for grains and oilseeds.
Published 30 Apr, 2011 12:00am
Qatar Telecom Q1 net profit down 36 percent

Qatar Telecom Q1 net profit down 36 percent

Qatar Telecom said on Thursday its first-quarter net profit fell 36.5 percent, but the results beat analysts' expectations. The company reported a first-quarter profit of 762 million Qatari riyals ($209.5 million), down from 1.2 billion riyals in the year
Published 30 Apr, 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 (April 29, 2011).

Published 30 Apr, 2011 12:00am
Chile industry surges, more rate hikes ahead

Chile industry surges, more rate hikes ahead

Chile's industrial output surged in March and the central bank signalled it had room to carry on raising interest rates to keep ahead of inflation. Chile's industrial production expanded a seasonally adjusted 2.4 percent in March compared with February, t
Published 30 Apr, 2011 12:00am
Libya crisis hits OMV's first-quarter output

Libya crisis hits OMV's first-quarter output

Austrian oil and gas giant OMV said Thursday that its oil and gas production was down in the first quarter as a result of the current situation in Libya. OMV said in a statement that oil and gas output stood at a daily average of 304,000 barrels in the pe
Published 30 Apr, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (April 29, 2011).
Published 30 Apr, 2011 12:00am
Thomson Reuters first quarter revenue up, plans asset sales

Thomson Reuters first quarter revenue up, plans asset sales

News and information provider Thomson Reuters Corp's revenue growth ticked up in the first quarter as it reaped the benefits of heavy spending on new products, and the company said it plans to sell two more businesses to fund further investment.
Published 30 Apr, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (April 29, 2011).

Published 30 Apr, 2011 12:00am
Thomson Reuters first quarter revenue up, plans asset sales

Thomson Reuters first quarter revenue up, plans asset sales

News and information provider Thomson Reuters Corp's revenue growth ticked up in the first quarter as it reaped the benefits of heavy spending on new products, and the company said it plans to sell two more businesses to fund further investment.
Published 30 Apr, 2011 12:00am
Egypt sending team to help realise Palestinian deal

Egypt sending team to help realise Palestinian deal

Egypt will send a security team to the Gaza Strip to help implement a reconciliation agreement reached by rival Palestinian groups Fatah and Hamas, an Egyptian security source told Reuters on Thursday. Restructuring and unifying security forces in Hamas-r
Published 30 Apr, 2011 12:00am
Bahrain sentences 4 to die over police killing

Bahrain sentences 4 to die over police killing

A Bahraini military court ordered the death penalty for four men on Thursday over the killing of two policemen in recent protests, state media said, a move that could increase sectarian strife in a close US ally. The ruling came amid heightened antagonism
Published 30 Apr, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (April 29, 2011).

Published 30 Apr, 2011 12:00am
Former Costa Rican president sentenced to 5 years for graft

Former Costa Rican president sentenced to 5 years for graft

A former Costa Rican president who briefly served as chief of the Organisation of American States was convicted of corruption charges Wednesday and sentenced to five years in prison. Capping a yearlong trial, a judge found Miguel Angel Rodriguez guilty of
Published 30 Apr, 2011 12:00am
Ugandan opposition leader detained for fourth time

Ugandan opposition leader detained for fourth time

Ugandan opposition leader Kizza Besigye was dragged from his car at gunpoint by police on Thursday and thrown into a pickup truck during a fifth round of protests against high food and fuel prices. Besigye later appeared in court, slumped forward in his c
Published 30 Apr, 2011 12:00am
Medco first-quarter profit tops Street view

Medco first-quarter profit tops Street view

Pharmacy benefit manager Medco Health Solutions Inc posted a higher-than-expected quarterly profit, helped by a greater percentage of more profitable generic drugs dispensed even with no new important generics hitting the market during the period.
Published 30 Apr, 2011 12:00am
Oshkosh lowers defence sales outlook; shares drop

Oshkosh lowers defence sales outlook; shares drop

Oshkosh Corp reported lower quarterly results and cut its defence segment outlook on Thursday, sending the specialty truckmaker's shares down nearly 9 percent. US defence spending pressures, as well as strained municipal budgets that cut demand for other
Published 30 Apr, 2011 12:00am
Panasonic reports loss, plans to cut 17,000 jobs

Panasonic reports loss, plans to cut 17,000 jobs

Panasonic Corp, Japan's biggest home appliance maker, is cutting about 17,000 jobs world-wide over two years as its losses swell from restructuring costs and damage from the March 11 disasters. President Fumio Ohtsubo said the company will streamline oper
Published 30 Apr, 2011 12:00am
Helmerich second quarter profit misses

Helmerich second quarter profit misses

Helmerich & Payne Inc's quarterly profit missed market estimates, but the onshore oil and gas driller inked contracts to build more of its highly mobile rigs that are in demand as the industry shifts toward more oil- and liquids-rich prospects.
Published 30 Apr, 2011 12:00am
Franklin Resources profit rises with assets

Franklin Resources profit rises with assets

Franklin Resources Inc's quarterly profit beat expectations, helped by a rallying stock market and an inflow of cash from investors, the California asset manager said on Thursday.
Published 30 Apr, 2011 12:00am
Dubai Holding's main unit swings to 2010 profit

Dubai Holding's main unit swings to 2010 profit

Dubai Holding's main unit returned to profit in 2010 after a massive loss in the previous year on lower impairments and property sales, in the latest sign of a fledging rebound for the debt-ridden Gulf Arab emirate. Dubai Holding Commercial Operations Gro
Published 30 Apr, 2011 12:00am
Imperial profit climbs on higher output

Imperial profit climbs on higher output

Imperial Oil Ltd's first-quarter profit rose 64 percent on higher oil sands production and rich refining margins, Canada's second-largest oil producer and refiner said on Thursday. Imperial, the Canadian affiliate of Exxon Mobil Corp, earned C$781 million
Published 30 Apr, 2011 12:00am
Imperial profit climbs on higher output

Imperial profit climbs on higher output

Imperial Oil Ltd's first-quarter profit rose 64 percent on higher oil sands production and rich refining margins, Canada's second-largest oil producer and refiner said on Thursday. Imperial, the Canadian affiliate of Exxon Mobil Corp, earned C$781 million
Published 30 Apr, 2011 12:00am
Maple Leaf Foods profit beats estimates

Maple Leaf Foods profit beats estimates

Maple Leaf Foods Inc posted a higher-than-expected quarterly profit on Thursday as the Canadian food processor passed on rising raw material costs to its customers. The company, which sells products such as meat and bread under various brands from Schneid
Published 30 Apr, 2011 12:00am
Risky weather crucial after German nuclear move

Risky weather crucial after German nuclear move

Germany will be more reliant on the fickle weather for electricity in May and the fourth quarter as reduced nuclear supply cuts capacity and renewable energy may struggle to fill the gap. Analysts said they see upwards pressure on power prices as a result
Published 30 Apr, 2011 12:00am
New technology may clean oil and gas fracking fluids

New technology may clean oil and gas fracking fluids

A new technique to clean waste water used in oil and natural gas production could reduce the environmental impact of controversial drilling practices, a study funded by the Department of Energy showed on Thursday. The nascent technology, which uses swelli
Published 30 Apr, 2011 12:00am
G8, G20 to prepare ground for UN nuclear talks

G8, G20 to prepare ground for UN nuclear talks

The G8 and G20 will meet in Paris in June to prepare for a conference of the UN's nuclear agency sparked by the Fukushima disaster, the Organisation for Economic Co-operation and Development (OECD) said Thursday. "The G8 and G20 have decided that they wou
Published 30 Apr, 2011 12:00am
Italians keep drinking coffee despite price rises

Italians keep drinking coffee despite price rises

Italians keep drinking coffee, despite rising prices, and this year they are consuming as much or even slightly more than in 2010 although they have more at home to save money, a senior industry official said. Italy is one of Europe's major coffee markets
Published 30 Apr, 2011 12:00am
Previous Day