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Archive - 2011-05-01
Gulf pact to renew Yemen mediation
Top News

Gulf pact to renew Yemen mediation

SANAA: Gulf states said on Sunday they are to renew efforts to end a deadly political crisis in Yemen, after the opposit
Published 01 May, 2011 09:40pm
PPP holds rally on Labour Day
Top News

PPP holds rally on Labour Day

LAHORE: The Pakistan People’s Party and People's Labour Bureau jointly organised a rally on May Day here on Sunday to co
Published 01 May, 2011 09:28pm
Bulgarians protest over economy
Europe

Bulgarians protest over economy

SOFIA: Hundreds of Bulgarians urged the government to resign on Sunday over its failure to cope with the economic crisis
Published 01 May, 2011 12:55pm
India's Infosys buys in Europe, Japan
Top News

India's Infosys buys in Europe, Japan

BANGALORE: Infosys, India's second-biggest software services exporter is on the hunt for acquisition in Europe and Japan
Published 01 May, 2011 12:32pm
BISP and Labour Day

BISP and Labour Day

May 1 reminds us of the historic sacrifice of courageous labourers to secure their fundamental rights. The day is globally acknowledged as the 'Labour Day'. The primary reason for the movement launched by labourers in the 19th century America was harsh an
Published 01 May, 2011 12:00am
Mayday, Mayday; it's the night of the witches in Germany

Mayday, Mayday; it's the night of the witches in Germany

Up to 150,000 self-styled witches and warlocks, New Age practitioners and the simply curious are converging for May Eve revelries on the summit of the highest peak in the Harz Mountains in northern-central Germany Saturday night. Children in spooky costum
Published 01 May, 2011 12:00am
Mukhtar Mai

Mukhtar Mai

I would advise Mukhtar Mai that she should approach the United Nations praying for its intervention by setting up an international commission to make a thorough investigation of the case, bring the perpetrators of the ghastly incident to book and provide
Published 01 May, 2011 12:00am
Four held in Manghopir search operation

Four held in Manghopir search operation

Sindh Rangers on Saturday claimed to have arrested four suspects during search operation in Manghopir. According to details, the heavy contingents of rangers, female personnel, commandos and police cordoned off the Mangopir area from sector I to sector V
Published 01 May, 2011 12:00am
JCR-VIS upgrades entity ratings of Khushhali Bank

JCR-VIS upgrades entity ratings of Khushhali Bank

JCR-VIS Credit Rating Company Limited (JCR-VIS) upgrades the entity ratings of Khushhali Bank Limited (KBL) to 'A' (Single A) from 'A-' (Single A Minus) for the medium to long-term and A-1 (A One) from A-2 (A-Two) for the short-term. KBL is the largest mi
Published 01 May, 2011 12:00am
JCR-VIS upgrades entity ratings of Khushhali Bank

JCR-VIS upgrades entity ratings of Khushhali Bank

JCR-VIS Credit Rating Company Limited (JCR-VIS) upgrades the entity ratings of Khushhali Bank Limited (KBL) to 'A' (Single A) from 'A-' (Single A Minus) for the medium to long-term and A-1 (A One) from A-2 (A-Two) for the short-term. KBL is the largest mi
Published 01 May, 2011 12:00am
Highnoon approves cash dividend, bonus shares

Highnoon approves cash dividend, bonus shares

Highnoon Laboratories Limited convened 28th Annual General Meeting at its Registered Office, at Multan Road, Lahore which was chaired by Tausif Ahmad Khan, Chairman of the Company. The meeting approved cash dividend at the rate of 25 percent and 10 percen
Published 01 May, 2011 12:00am
Highnoon approves cash dividend, bonus shares

Highnoon approves cash dividend, bonus shares

Highnoon Laboratories Limited convened 28th Annual General Meeting at its Registered Office, at Multan Road, Lahore which was chaired by Tausif Ahmad Khan, Chairman of the Company. The meeting approved cash dividend at the rate of 25 percent and 10 percen
Published 01 May, 2011 12:00am
Kashf Microfinance Bank's ratings maintained

Kashf Microfinance Bank's ratings maintained

JCR-VIS Credit Rating Company Limited (JCR-VIS) has maintained the medium to long-term and short-term ratings of Kashf Microfinance Bank Limited (KMBL) at 'BBB' (Triple B) and 'A-3' (A-Three), respectively. KMBL has faced a difficult economic environment
Published 01 May, 2011 12:00am
Kashf Microfinance Bank's ratings maintained

Kashf Microfinance Bank's ratings maintained

JCR-VIS Credit Rating Company Limited (JCR-VIS) has maintained the medium to long-term and short-term ratings of Kashf Microfinance Bank Limited (KMBL) at 'BBB' (Triple B) and 'A-3' (A-Three), respectively. KMBL has faced a difficult economic environment
Published 01 May, 2011 12:00am
Three killed in Lyari violence incidents

Three killed in Lyari violence incidents

Incidents of violence and arson, sparked by armed clash between the workers of Jiye Sindh and defunct People's Amn Committee (PAC) on Saturday evening left at least three people dead at Lyari in the limits of Baqdadi police station. According to details,
Published 01 May, 2011 12:00am
Robbers kill principal of private school

Robbers kill principal of private school

Armed robbers killed the principal of a private school when he tried to offer resistance during a robbery in Sara Bibi Goth within the limits of Surjani police station. According to the details, three alleged bandits, who barged into the house of 35-year-
Published 01 May, 2011 12:00am
Biztek to participate in Connect 2011

Biztek to participate in Connect 2011

Institute of Business and Technology-Biztek will be participating in Connect 2011, 6th Information & Communications Technology Exhibition & Conference being held from 3-5th May 2011 at Karachi Expo Center with support of HEC and different organisation.
Published 01 May, 2011 12:00am
Proposed parity in CNG, petrol prices opposed

Proposed parity in CNG, petrol prices opposed

Vice President Karachi Chamber of Commerce and Industry (KCCI) and Chairman All Pakistan CNG Association, Junaid Ismail Makda, has demanded of the government to drop the proposal of parity in prices of CNG and petrol in the country. Strongly reacting to t
Published 01 May, 2011 12:00am
PSO bank accounts restored

PSO bank accounts restored

The Federal Board of Revenue (FBR) has notified to the Pakistan State Oil (PSO) that the company's bank accounts have been restored with immediate effect. According to a press release issued here on Saturday, the FBR had frozen the bank accounts of PSO fo
Published 01 May, 2011 12:00am
House census 2011: strike observed against irregularities

House census 2011: strike observed against irregularities

Some parts of the city on Saturday remained closed on the strike call given by the Sindh-nationalist parties over irregularities in house census 2011. All commercial activities at the dominant areas of Jiye Sindh Qaumi Mahaz (JSQM), Sindh National Party (
Published 01 May, 2011 12:00am
No War Pact for 50 years between Pakistan & India suggested

No War Pact for 50 years between Pakistan & India suggested

A no war pact for a period of fifty years should be inked between Pakistan and India to avoid perils of war and the process of composite dialogue must be continued without any interruption between the two countries.
Published 01 May, 2011 12:00am
Blast in Kurram Agency kills two

Blast in Kurram Agency kills two

At-least two persons were killed and six others were wounded in an explosion in Kurram tribal agency on Saturday, officials said. The explosion occurred when a passenger vehicle, reached Ladda Road in Kurram tribal agency, private TV channels quoted Javed
Published 01 May, 2011 12:00am
Sindh Rangers kill bandit in encounter

Sindh Rangers kill bandit in encounter

Sindh Rangers on Saturday claimed to have killed an alleged bandit and arrested seven others after brief encounter at Khoi Goth in the limits of Shah Latif police station. According to the details, the personnel of rangers intercepted a gang of bandits on
Published 01 May, 2011 12:00am
Professor Mahjabeen promoted

Professor Mahjabeen promoted

Professor Mahjabeen Shaharyar has been promoted to Grade B.S. 20 and taken over the charge of the principal in Government Women College Nazimabad, Karachi. Before that she was principal of Government Degree College, Gulshan-e-Iqbal. She started her career
Published 01 May, 2011 12:00am
POM entity ratings reaffirmed

POM entity ratings reaffirmed

JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the entity ratings of Pak Oman Microfinance Bank Limited (POM) at 'BBB3' (triple B plus / A-three). Outlook on assigned ratings is 'stable'. Ratings incorporate the strong sponsor support, as
Published 01 May, 2011 12:00am
POM entity ratings reaffirmed

POM entity ratings reaffirmed

JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the entity ratings of Pak Oman Microfinance Bank Limited (POM) at 'BBB3' (triple B plus / A-three). Outlook on assigned ratings is 'stable'. Ratings incorporate the strong sponsor support, as
Published 01 May, 2011 12:00am
US farmers still on track to plant huge corn crop

US farmers still on track to plant huge corn crop

US farmers should still be able to achieve the US Agriculture Department's corn seedings forecast of 92.2 million acres - the second-largest since 1944 - despite weather delays in April, a grains analyst said Friday. Planting progress is behind schedule,
Published 01 May, 2011 12:00am
Thai rice prices firm, Vietnamese prices fall

Thai rice prices firm, Vietnamese prices fall

Thai rice prices firmed on demand from Iraq, but Vietnamese levels eased from highs as expensive quotes pushed buyers to the sidelines, exporters said on Wednesday. The price of 100 percent grade-B white rice rose slightly to $500 per tonne on Wednesday,
Published 01 May, 2011 12:00am
Global rubber output likely to be at 10.025 million tonnes

Global rubber output likely to be at 10.025 million tonnes

Global natural rubber production for 2011 may come in at 10.025 million tonnes, lower than an earlier forecast of 10.060 million tonnes due to output revisions in member countries, the ANRPC said on Thursday. Despite the revision, the global output for th
Published 01 May, 2011 12:00am
Bangladesh to buy 100,000 tonnes of sugar

Bangladesh to buy 100,000 tonnes of sugar

Bangladesh aims to import 100,000 tonnes of sugar in state-to-state deals to meet swelling demand during the Muslim fasting month of Ramadan and keep prices of the sweetener stable, a senior official of the state-owned Bangladesh Sugar and Food Industries
Published 01 May, 2011 12:00am
Asian sugar: India's scheme keeps market in suspense; premiums down

Asian sugar: India's scheme keeps market in suspense; premiums down

Thai raw sugar premiums slipped to their weakest in two months, while whites were under pressure as consumers waited for India to start selling more sweetener following a surplus, dealers said on Wednesday. India, the world's biggest producer after Brazil
Published 01 May, 2011 12:00am
Copper falls to six-week low

Copper falls to six-week low

Copper fell to a six-week low on Friday, ignoring the often supportive influence of a weaker dollar, as technical pressures mounted and US data offered further evidence of slowing economic conditions. Copper's losses diverged from US industrial share pric
Published 01 May, 2011 12:00am
Soyabeans higher

Soyabeans higher

US soybean futures ended sharply higher on Thursday, up 3.17 percent for spot May on the day, reversing Thursday's steep fund-led sell-off in grains, traders said. May soybeans ended the week up 0.9 percent and ended the month down 1.2 percent. Gains were
Published 01 May, 2011 12:00am
US gold jumps two percent to set record high for third day

US gold jumps two percent to set record high for third day

Gold surged to a record high on Friday for the third straight day, as investors kept up a buying frenzy fuelled by the outlook for low US interest rates that has propelled bullion to its seventh consecutive weekly rise, its longest winning streak since 20
Published 01 May, 2011 12:00am
New York cotton futures post steep gains in April

New York cotton futures post steep gains in April

US cotton futures rallied to Friday's daily limit, chalking up steep gains for the last day in April, along with most other commodities, as many investors rotated into hard assets believing the US Federal Reserve would keep money cheap for awhile.
Published 01 May, 2011 12:00am
Weekly world market price for upland cotton

Weekly world market price for upland cotton

The US Agriculture Department (USDA) set the prevailing world market price for upland cotton at 163.23 cents per lb, effective through May 5. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton. The next ann
Published 01 May, 2011 12:00am
US to assess aid if new Palestinian government formed

US to assess aid if new Palestinian government formed

The United States is waiting to see if a new Palestinian government is formed after Hamas inks a deal with its rival Fatah before deciding on any changes to its aid policy, officials said Friday. "The current Palestinian government remains in place and so
Published 01 May, 2011 12:00am
Prominent Thai Red Shirt arrested over 'royal insult'

Prominent Thai Red Shirt arrested over 'royal insult'

A prominent Thai anti-government activist was arrested Saturday on allegations of insulting the revered monarchy, authorities said, just days after 18 other "Red Shirts" faced similar claims. Somyot Prueaksakasemsuk, the head of a Red Shirt affiliate grou
Published 01 May, 2011 12:00am
Laos holds rare poll for rubber-stamp Parliament

Laos holds rare poll for rubber-stamp Parliament

Communist Laos holds elections for a national assembly on Saturday, offering its citizens a rare say in the running of one of Asia's most secretive and tightly controlled countries. The five-yearly poll has struggled to generate much excitement among Laos
Published 01 May, 2011 12:00am
Syria tanks shell Deraa, forces storm mosque

Syria tanks shell Deraa, forces storm mosque

Syrian forces backed by tanks shelled parts of Deraa and stormed a mosque on Saturday, residents said, trying to quell resistance in the city at the heart of an uprising against President Bashar al-Assad. Syrian troops and tanks first swept into Deraa on
Published 01 May, 2011 12:00am
International experts join probe of deadly Marrakesh attack

International experts join probe of deadly Marrakesh attack

Experts from the United States and Europe have joined the probe into the deadly bombing at a Marrakesh tourist cafe that left 16 dead, Morocco's interior ministry said Saturday. Some 14 people injured in the blast remained in hospital, four in serious con
Published 01 May, 2011 12:00am
Iraqi MPs approve payouts for Saddam's US victims

Iraqi MPs approve payouts for Saddam's US victims

Iraqi MPs okayed a $400-million (270 million euro) compensation deal on Saturday for Americans who say they were mistreated by executed dictator Saddam Hussein's regime during the 1990-1991 Gulf War. A total of 226 lawmakers were in the Council of Represe
Published 01 May, 2011 12:00am
Obama ramps up recovery help for tornado-hit South

Obama ramps up recovery help for tornado-hit South

The US government on Saturday ramped up efforts to help thousands of homeless victims of the country's second deadliest tornado outbreak on record that killed at least 350 people. President Barack Obama, who surveyed the tornado destruction in the worst-h
Published 01 May, 2011 12:00am
US court clears way for levee to be blown up

US court clears way for levee to be blown up

A federal appeals court cleared the way for the US Army Corps of Engineers to proceed with plans to blow up a Mississippi River levee to control flooding, a US government official said on Saturday. "They denied the motion by the state of Missouri so we ha
Published 01 May, 2011 12:00am
Iranian MPs urge Ahmadinejad to end boycott

Iranian MPs urge Ahmadinejad to end boycott

Iranian lawmakers have called on President Mahmoud Ahmadinejad to end an eight-day boycott and accept the supreme leader's decision to reinstate the intelligence minister, Shargh daily reported Saturday. More than 216 conservatives out of the parliament's
Published 01 May, 2011 12:00am
Pilgrims flock to Rome for John Paul beatification

Pilgrims flock to Rome for John Paul beatification

Tens of thousands of people from around the world descended on Rome on Saturday for the beatification of Pope John Paul II, six years after his death. "It's almost as if he is here," said Enzo Arzellino, who travelled all night on a bus from southern Ital
Published 01 May, 2011 12:00am
Thousands protest against nuclear plant in Taiwan

Thousands protest against nuclear plant in Taiwan

Thousands of Taiwanese took to the streets on Saturday to protest against a new nuclear power station as safety concerns mounted in the wake of the atomic crisis in Japan, an organiser said. Holding sunflowers and bright yellow banners reading "No Nuke",
Published 01 May, 2011 12:00am
Twenty Egyptians drown in Nile ferry accident

Twenty Egyptians drown in Nile ferry accident

At least 20 people have drowned in the Nile while on a trip to visit the grave of a relative, Egyptian media reported on Saturday. Al Masry Al Youm daily said five people were also missing after a minibus hired for the traditional graveyard visit slipped
Published 01 May, 2011 12:00am
Congo to hold national elections on November 28

Congo to hold national elections on November 28

Congo will hold its second post-war presidential and legislative elections on November 28, the electoral commission said on Saturday, a vote seen as a test of President Joseph Kabila's commitment to democracy. Analysts hope the polls will also be an impor
Published 01 May, 2011 12:00am
Putin raps Japan over nuclear crisis reaction

Putin raps Japan over nuclear crisis reaction

Russian Prime Minister Vladimir Putin criticised Japan on Saturday for its "slow" reaction to its nuclear disaster and for building nuclear reactors in earthquake-prone zones. Japan's Fukushima Daiichi nuclear reactor complex was hit by a massive earthqua
Published 01 May, 2011 12:00am
Haniya says ready to resign for peace

Haniya says ready to resign for peace

Ismail Haniya, the prime minister of the Hamas in power in the Gaza Strip, said on Saturday he was "ready to resign." "I am prepared to tender my resignation as part of the reconciliation agreement between Hamas and Fatah," the secular party of Palestinia
Published 01 May, 2011 12:00am
Iranian hackers hit government website: Bahrain

Iranian hackers hit government website: Bahrain

Bahrain says Iranian computer hackers tried to access the official website of the Housing Ministry in attempts to seek data on aid recipients. The report Saturday on the Bahrain News Agency gave no other details. The island kingdom's Sunni rulers are faci
Published 01 May, 2011 12:00am
Japan trims hair-cutting laws in quake zone

Japan trims hair-cutting laws in quake zone

Japan has relaxed laws on haircutting to allow barbers and stylists in areas affected by the earthquake and tsunami to clip and style at evacuation shelters or makeshift shops, a report said Saturday. The current law bans barbers and beauticians from cutt
Published 01 May, 2011 12:00am
Yemen power transition deal faces last-minute snag

Yemen power transition deal faces last-minute snag

A deal to end Yemen's political crisis hit a potential snag on Saturday as doubts were raised about whether President Ali Abdullah Saleh would personally sign an agreement that would have him quit power within a month.
Published 01 May, 2011 12:00am
April deadliest month for US in Iraq since 2009

April deadliest month for US in Iraq since 2009

The killing on Friday of an American soldier made April the deadliest month for US forces in Iraq since 2009, according to figures compiled by AFP. The soldier "was killed April 29 while conducting operations in southern Iraq," a US military statement rel
Published 01 May, 2011 12:00am
Manmohan tells police to act 'without fear or favour'

Manmohan tells police to act 'without fear or favour'

India's prime minister Manmohan Singh, whose government has been roiled by a series of corruption scandals, on Saturday urged the country's top police agency to "act without fear or favour". Singh's comments came as his Congress-led coalition reels from a
Published 01 May, 2011 12:00am
Six killed in south Yemen strike

Six killed in south Yemen strike

Two servicemen and four civilians were killed and at least another 23 were wounded in south Yemen during a shutdown called by anti-government protesters on Saturday, officials said. The defence ministry said an officer and a soldier were killed and two mo
Published 01 May, 2011 12:00am
Saudi king tightens media restrictions

Saudi king tightens media restrictions

Saudi Arabia's King Abdullah has imposed new media restrictions and threatened hefty fines and closure of news organisations allegedly undermining national security, press reports said on Saturday. Under a decree issued on Friday, the media will be prohib
Published 01 May, 2011 12:00am
Suicide bomber kills eight in Iraq

Suicide bomber kills eight in Iraq

Eight people were killed and 19 wounded on Saturday when a suicide bomber blew himself up at an Iraqi army checkpoint next to a market in the northern city of Mosul, police and hospital sources said. Attacks against Iraq's army and police are rising as th
Published 01 May, 2011 12:00am
French youth coach suspended over race row

French youth coach suspended over race row

Francois Blaquart, Gerard Houllier's successor as head of French football's youth coaching policy, was on Saturday suspended from his job as fall out from the race row that has hit the game in France continued. Blacquart's suspension was announced by the
Published 01 May, 2011 12:00am
Djokovic, Lopez reach Serbia Open final

Djokovic, Lopez reach Serbia Open final

Top seed Novak Djokovic reached the Serbia Open final without hitting a ball on Saturday after fellow Serb Janko Tipsarevic pulled out of their semi-final with a thigh injury. Djokovic, who will enter Sunday's final with a 26-0 record in 2011 after winnin
Published 01 May, 2011 12:00am
Borussia Dortmund crowned German champions

Borussia Dortmund crowned German champions

Borussia Dortmund were crowned Bundesliga champions on Saturday with a 2-0 win at home against Nuremberg to land their first German league title since 2002. After last week's shock defeat at relegation-threatened Borussia Moenchengladbach, the hosts saw o
Published 01 May, 2011 12:00am
Delhi win as Sehwag masters tricky track

Delhi win as Sehwag masters tricky track

Virender Sehwag smashed a 47-ball 80 on a difficult pitch to set up Delhi Daredevils' 38-run win over Kochi Tuskers Kerala in an Indian Premier League match on Saturday. The skipper hit five sixes and eight fours as Delhi posted 157-7 before dismissing Ko
Published 01 May, 2011 12:00am
Madrid defeat puts Barcelona on brink of title

Madrid defeat puts Barcelona on brink of title

Jose Mourinho's nightmare week went from bad to worse on Saturday as Real Madrid side all but conceded the title race to Barcelona with a 3-2 home defeat to strugglers Real Zaragoza. Still reeling from their 2-0 home loss to Barcelona in the Champions Lea
Published 01 May, 2011 12:00am
West Indies recall veteran Sarwan

West Indies recall veteran Sarwan

Veteran batsman Ramnaresh Sarwan was recalled to the West Indies squad in place of opener Devon Smith for the final two matches of the series against Pakistan which has already been lost 3-0. The 30-year-old Sarwan has featured in 166 one-day internationa
Published 01 May, 2011 12:00am
Singapore a hub for match fixers: FIFA security chief

Singapore a hub for match fixers: FIFA security chief

An "academy of match-fixers" operating out of Singapore could be responsible for rigging matches around the world, FIFA's head of security Chris Eaton said in a newspaper interview on Saturday. Eaton, who worked for Interpol for more than a decade before
Published 01 May, 2011 12:00am
MTWFC in Women Football final

MTWFC in Women Football final

Model Town Women Football Club (MTWFC) qualified for final of National Women Football Championship 2011 after winning the 2nd semi final defeating the Lums Women Football team by 2-0. The match was extended to full extra time, as it was a goal less draws
Published 01 May, 2011 12:00am
Afghanistan to play series with Pakistan 'A'

Afghanistan to play series with Pakistan 'A'

Afghanistan's cricket team will become the first foreign national side to play in Pakistan, two years after internationals were suspended over security fears, an official said Saturday. International cricket has been suspended in Pakistan since March 2009
Published 01 May, 2011 12:00am
Blackburn edge closer to safety

Blackburn edge closer to safety

Blackburn Rovers edged towards Premier League safety by beating Bolton Wanderers 1-0 as none of their main relegation rivals could find a win on Saturday. Martin Olsson's goal after 20 minutes ended Blackburn's 11-game winless run and took them up one pla
Published 01 May, 2011 12:00am
Late Kalou goal keeps Chelsea in title race

Late Kalou goal keeps Chelsea in title race

Salomon Kalou came off the bench to score in the 89th minute and give Chelsea a 2-1 home win over Tottenham Hotspur that keeps the champions' Premier League title hopes alive for at least another week. Chelsea, who visit leaders Manchester United next wee
Published 01 May, 2011 12:00am
Raonic battles through to semi-finals

Raonic battles through to semi-finals

Second seed Fernando Verdasco will face up and coming Canadian Milos Raonic in the semi-finals of the Estoril Open here on Saturday after the pair each finished up rain-interrupted matches which began on Friday. Verdasco, fighting to return to the ATP Top
Published 01 May, 2011 12:00am
Euribor rates hit two-year highs

Euribor rates hit two-year highs

Key euro-priced bank-to-bank lending rates hit their highest levels in two years on Friday as a fresh jump in euro zone inflation boosted expectations of further ECB rate hikes in the months ahead. New euro zone figures showed inflation in the 17-country
Published 01 May, 2011 12:00am
Rouble rallies

Rouble rallies

Russia's rouble rallied to its strongest level against the dollar since late 2008 on Friday after the central bank hiked all key interest rates, paving the way for more speculative inflows from yield-hungry investors. The central bank surprised the market
Published 01 May, 2011 12:00am
Dollar under pressure, euro at 16-month high

Dollar under pressure, euro at 16-month high

The US dollar hit a three-year low against a basket of major currencies on Friday, with month end capital flows likely to see further selling of the greenback as the Federal Reserve keeps short term interest rates near zero. By contrast European Central B
Published 01 May, 2011 12:00am
African currency outlook

African currency outlook

Tighter monetary supply should boost Kenya's shilling against the dollar next week, while Uganda's unit may come under pressure due to foreign unease at political violence.
Published 01 May, 2011 12:00am
Speculators increase bets against dollar

Speculators increase bets against dollar

Currency speculators boosted bets against the US dollar for the first week in five, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net short position rose to $27.75 billion in the week ended A
Published 01 May, 2011 12:00am
Canadian dollar hits 3-1/2 year high

Canadian dollar hits 3-1/2 year high

Canada's dollar hit a 3-1/2 year high against a broadly weaker US currency on Friday, shrugging off uncertainty over next week's federal election and data that showed Canada's economy shrank unexpectedly. "The fact that the C$ continues to rally amid a se
Published 01 May, 2011 12:00am
Is the dollar decline more dangerous than it seems?

Is the dollar decline more dangerous than it seems?

Neither Washington nor Wall Street is losing much sleep yet over the dollar as it slips close to all-time lows. But perhaps they should be. The dollar has shed some 8 percent against major currencies this year, and if the decline quickens, it could provok
Published 01 May, 2011 12:00am
Dow posts best month in 2011 but Microsoft drags

Dow posts best month in 2011 but Microsoft drags

US stocks rose on Friday on strength from Caterpillar and other industrials, lifting the Dow and Nasdaq to their best monthly performance since December. Heavy machinery manufacturer Caterpillar Inc led the way after reporting a fivefold increase in profi
Published 01 May, 2011 12:00am
Microsoft stock tumbles after Windows sales dip

Microsoft stock tumbles after Windows sales dip

Microsoft Corp shares fell as much as 5 percent on Friday, a day after the software company reported a dip in its Windows operating system sales. The world's second-largest tech company behind Apple Inc met Wall Street's profit estimate and beat on overal
Published 01 May, 2011 12:00am
April rally lifts US bonds into positive territory

April rally lifts US bonds into positive territory

US Treasury prices rose on Friday, punctuating an April rally that lifted the market into positive territory for the year, as traders bet on slowing economic growth and the Federal Reserve sticking to a near-zero rate policy into 2012.
Published 01 May, 2011 12:00am
April rally lifts US bonds into positive territory

April rally lifts US bonds into positive territory

US Treasury prices rose on Friday, punctuating an April rally that lifted the market into positive territory for the year, as traders bet on slowing economic growth and the Federal Reserve sticking to a near-zero rate policy into 2012.
Published 01 May, 2011 12:00am
Turkish share index rises, assets up

Turkish share index rises, assets up

Turkish assets were little changed on Friday, showing little reaction to a record high trade deficit notched in March, with foreign investor interest subdued by the closure of UK markets for a national holiday. The main share index rose 1.2 percent to 69,
Published 01 May, 2011 12:00am
Italian funds trim equities in April

Italian funds trim equities in April

Italian funds trimmed equities for a third consecutive month in April to just over 50 percent, while moving away from Japanese shares after the earthquake and tsunami, a Reuters survey showed. Cash holdings edged up to 7.4 percent in the balanced portfoli
Published 01 May, 2011 12:00am
Italian funds trim equities in April

Italian funds trim equities in April

Italian funds trimmed equities for a third consecutive month in April to just over 50 percent, while moving away from Japanese shares after the earthquake and tsunami, a Reuters survey showed. Cash holdings edged up to 7.4 percent in the balanced portfoli
Published 01 May, 2011 12:00am
ADR Report: risk appetite boosts overseas shares

ADR Report: risk appetite boosts overseas shares

Overseas shares traded in the United States rose on Friday as investors' risk appetite was boosted after major US stock indexes rose to their multi-year highs. The BNY Mellon index of leading American Depository Receipts (ADRs) rose 0.4 percent on Friday,
Published 01 May, 2011 12:00am
Renren IPO appetite seen huge but red flags abound

Renren IPO appetite seen huge but red flags abound

When Chinese social networking site Renren goes public next week, investors will likely ignore big risks the company faces, and be lured instead by a combination of the words "China" and "social networking." Hot Chinese tech companies like Internet search
Published 01 May, 2011 12:00am
Latam stocks stumble, rocky month ahead

Latam stocks stumble, rocky month ahead

Latin American stocks rose on Friday, but the region's equities were still seen vulnerable to concerns about rising inflation in Brazil and worries US growth could be slowing. The MSCI Latin American index rose 1.42 percent. However it closed the month wi
Published 01 May, 2011 12:00am
Buffett may not feel much love at his 'Woodstock'

Buffett may not feel much love at his 'Woodstock'

Warren Buffett could use a root beer float right about now - the investment guru is feeling the heat from 40,000 shareholders who may want to criticise him, question whether he has lost touch or even push him to retire. Berkshire Hathaway shareholders are
Published 01 May, 2011 12:00am
'Macquarie interested in Europe trading, investment bank buys'

'Macquarie interested in Europe trading, investment bank buys'

Australia's Macquarie Group is interested in acquiring trading and investment banking businesses that may be hived off by big banks in Europe as it looks to boost business in its smallest global market, its Chief Financial Officer said. "There is a little
Published 01 May, 2011 12:00am
Indian bond yields edge up

Indian bond yields edge up

Indian federal bond yields ended slightly higher after trading in a narrow band on Friday as the market priced in expectations of at least a quarter point increase in key rates by the central bank next week but was still uncertain about the quantum of the
Published 01 May, 2011 12:00am
Indian bond yields edge up

Indian bond yields edge up

Indian federal bond yields ended slightly higher after trading in a narrow band on Friday as the market priced in expectations of at least a quarter point increase in key rates by the central bank next week but was still uncertain about the quantum of the
Published 01 May, 2011 12:00am
JGBs mostly higher on Japan output data

JGBs mostly higher on Japan output data

Japanese government bond prices were mostly higher on Thursday, with some yields touching one-month lows, as data showed a sharp fall in Japan output and after the Federal Reserve pledged to hold short-term interest rates near zero. Japanese industrial ou
Published 01 May, 2011 12:00am
JGBs mostly higher on Japan output data

JGBs mostly higher on Japan output data

Japanese government bond prices were mostly higher on Thursday, with some yields touching one-month lows, as data showed a sharp fall in Japan output and after the Federal Reserve pledged to hold short-term interest rates near zero. Japanese industrial ou
Published 01 May, 2011 12:00am
German government experts see Greece restructuring debt

German government experts see Greece restructuring debt

Two German government advisers see a debt restructuring by Greece as inevitable while two of the overborrowed country's ministers continued to rule it out in newspaper interviews on Saturday. Mounting fears that Greece will have to restructure a debt moun
Published 01 May, 2011 12:00am
Kia recalls small cars due to fuel tank problem

Kia recalls small cars due to fuel tank problem

Kia Motors Corp is recalling more than 58,000 Spectra compact cars registered in cold-weather states because the gas tanks could fall off and cause a fire. The recall affects Spectra LD models from the 2004 to 2007 model years in 20 states and Washington,
Published 01 May, 2011 12:00am
$200 million bid underway for The Boston Globe

$200 million bid underway for The Boston Globe

The Boston Globe reported Friday that a businessman is preparing to offer more than $200 million to buy the struggling newspaper from its owner, The New York Times Co. The Boston Globe said Aaron Kushner will make a formal offer within the next few weeks
Published 01 May, 2011 12:00am
Sony to reveal PlayStation hack probe findings

Sony to reveal PlayStation hack probe findings

Sony will reveal details of its internal probe into a massive theft of personal data from users of its PlayStation Network on Sunday, plus a timetable for bringing the network back into action, it said. The electronics giant said Saturday it would hold a
Published 01 May, 2011 12:00am
Conditions could kill Cairn-Vedanta deal: report

Conditions could kill Cairn-Vedanta deal: report

Cairn Energy has warned India that imposing conditions on the sale of the British firm's majority stake in its Indian unit to Vedanta could kill the deal, a report said Saturday. The energy exploration company has also told the Indian government that the
Published 01 May, 2011 12:00am
Volkswagen may face German lawsuit over short-squeeze

Volkswagen may face German lawsuit over short-squeeze

Europe's biggest carmaker Volkswagen shrugged off a report on Saturday of a lawsuit against it by investment funds that accuse the carmaker of causing high losses by manipulating markets in 2008. Business weekly WirtschaftsWoche reported that law firm CLL
Published 01 May, 2011 12:00am
US plans to exempt forex swaps from new rules

US plans to exempt forex swaps from new rules

In a big win for business, the US Treasury proposed on Friday to exempt commonly used foreign exchange swaps and forwards from the most onerous new rules for the derivatives market. The Treasury Department said that forcing these financial products throug
Published 01 May, 2011 12:00am
US lifts sanctions on major Sudanese bank

US lifts sanctions on major Sudanese bank

The United States has lifted economic sanctions on a major lender in Sudan, which has long been under a trade embargo, a US administration official said on Friday. In November, Washington renewed sanctions on the Sudanese government but also held out pros
Published 01 May, 2011 12:00am
Chinalco to build $1.6 billion smelter with Malaysian tycoon's firm

Chinalco to build $1.6 billion smelter with Malaysian tycoon's firm

Aluminium Corporation of China (Chinalco) has signed a joint venture with a company jointly owned by Malaysian tycoon Syed Mokhtar Al Bukhary to build a $1.6 billion smelter in the country's Borneo state of Sarawak. The joint venture for the 370,000 tonne
Published 01 May, 2011 12:00am
Iran's guard gets new gas project

Iran's guard gets new gas project

A consortium connected to Iran's powerful Revolutionary Guard has been awarded two giant gas development projects. The semiofficial Mehr news agency quotes Mahdi Fakoor, a senior Oil Ministry official, saying that Khatam-ol-Anbia will develop Halgan and S
Published 01 May, 2011 12:00am
Quake-hit Japan open for business: Foreign Minister

Quake-hit Japan open for business: Foreign Minister

Japan's foreign minister says the country is open for business and travel as domestic firms are recovering at "surprising speed" from the aftermath of the March 11 earthquake and tsunami. "We promise all of you that Japan will reshape itself into a more d
Published 01 May, 2011 12:00am
Lower house passes emergency budget

Lower house passes emergency budget

Japan's lower house of parliament passed an emergency budget on Saturday worth 4 trillion yen ($48.5 billion) for rebuilding after the devastating March 11 earthquake and tsunami, a downpayment on the country's biggest public works effort in six decades.
Published 01 May, 2011 12:00am
Shirakawa warns outlook 'very severe'

Shirakawa warns outlook 'very severe'

Bank of Japan Governor Masaaki Shirakawa said on Saturday that the country's economic outlook was very severe and that the central bank would take appropriate action to support the economy. But he offered few clues on whether and when the BoJ would expand
Published 01 May, 2011 12:00am
Air India crippled as pilots' strike enters fourth day

Air India crippled as pilots' strike enters fourth day

Flagship carrier Air India's woes deepened as it was forced to cancel most of its domestic flights by a pilots' strike over pay that entered its fourth day Saturday. The financially ailing state-run carrier, which says it has lost $6 million in revenues s
Published 01 May, 2011 12:00am
Rio urges Australia against emissions tax haste

Rio urges Australia against emissions tax haste

Mining giant Rio Tinto weighed into the debate over Australia's proposed carbon emissions tax Saturday, urging Canberra not to rush into a decision while major polluters such as China and the United States held back. Prime Minister Julia Gillard wants to
Published 01 May, 2011 12:00am
Saudi Arabia to post $25 billion surplus

Saudi Arabia to post $25 billion surplus

Saudi Arabia will post a 95 billion riyal ($25 billion) surplus this year, despite its record spending plans, based on an average oil price of $95 per barrel, a state-owned bank said on Saturday. The biggest Arab economy rolled out its third consecutive r
Published 01 May, 2011 12:00am
Petrobras faces possible $9.8 billion in back taxes

Petrobras faces possible $9.8 billion in back taxes

Brazil's state-run oil company Petrobras could be forced to pay 15.5 billion reais ($9.8 billion) in back taxes to the Brazilian government, the Folha de S. Paulo newspaper reported Friday. Petrobras issued a statement later in the day saying it was conte
Published 01 May, 2011 12:00am
China to speed up transport links with Southeast Asia

China to speed up transport links with Southeast Asia

China will speed up the development of transport connections with Southeast Asia, building roads, telecommunication and power links as it seeks to boost trade, Premier Wen Jiabao said on Saturday. Wen, speaking in Jakarta during a two-day visit to Indones
Published 01 May, 2011 12:00am
Buffett downplays chance of Berkshire dividend

Buffett downplays chance of Berkshire dividend

Berkshire Hathaway Chief Executive Warren Buffett downplayed on Saturday the idea of a first-ever dividend for shareholders, as he opened his conglomerate's annual meeting for tens of thousands of people. Berkshire, which some estimate will have a cash pi
Published 01 May, 2011 12:00am
Obama seeks end to oil industry tax breaks

Obama seeks end to oil industry tax breaks

President Barack Obama on Saturday kept pressure on the US Congress to end tax breaks for oil and gas companies, saying they were enjoying huge profits, as he sought to limit political fallout from rising gasoline prices. With public anger over costs at t
Published 01 May, 2011 12:00am
Dubai Islamic net profit rises

Dubai Islamic net profit rises

Dubai Islamic Bank, the largest Islamic lender in the United Arab Emirates, reported an 11 percent gain in first quarter net profit, missing analysts' forecasts. The bank, also Dubai's third-largest by market value, said in a statement on Saturday that ne
Published 01 May, 2011 12:00am
Dubai Islamic net profit rises

Dubai Islamic net profit rises

Dubai Islamic Bank, the largest Islamic lender in the United Arab Emirates, reported an 11 percent gain in first quarter net profit, missing analysts' forecasts. The bank, also Dubai's third-largest by market value, said in a statement on Saturday that ne
Published 01 May, 2011 12:00am
Troubled Infosys names banker as new chairman

Troubled Infosys names banker as new chairman

Infosys on Saturday named a prominent banker to take charge of India's second-largest software exporter as the firm struggles to boost performance in the face of slow global recovery. Infosys Technologies appointed K.V. Kamath as chairman to replace found
Published 01 May, 2011 12:00am
Euribor rates hit two-year highs

Euribor rates hit two-year highs

Key euro-priced bank-to-bank lending rates hit their highest levels in two years on Friday as a fresh jump in euro zone inflation boosted expectations of further ECB rate hikes in the months ahead. New euro zone figures showed inflation in the 17-country
Published 01 May, 2011 12:00am
Rouble rallies

Rouble rallies

Russia's rouble rallied to its strongest level against the dollar since late 2008 on Friday after the central bank hiked all key interest rates, paving the way for more speculative inflows from yield-hungry investors. The central bank surprised the market
Published 01 May, 2011 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 90,293 tonnes of cargo including 59,839 tonnes of import cargo, 30,454 tonnes of export cargo and 4,369 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 59,839 tonnes compri
Published 01 May, 2011 12:00am
Argentina's early-planted soya nearly gathered

Argentina's early-planted soya nearly gathered

Argentine farmers have nearly finished gathering early-seeded 2010/11 soya but yields are uneven due to extreme dryness earlier in the season, the Agriculture Ministry said on Friday in its weekly crop report. The ministry estimates this season's crop at
Published 01 May, 2011 12:00am
Ukraine raises grain crop forecast, sees export to jump

Ukraine raises grain crop forecast, sees export to jump

Ukraine's Agriculture Ministry has raised its 2011 grain harvest forecast to "up to 45 million tonnes" from 42-43 million and expects a jump in exports, a senior ministry official said on Thursday. "We see (2011/12) exports at 19-20 million tonnes includi
Published 01 May, 2011 12:00am
China May soya imports seen at 4.4 million tonnes

China May soya imports seen at 4.4 million tonnes

China, the world's top soya importer, is expected to import 4.4 million tonnes of the oilseed in May, almost flat from a year-ago, according to the latest forecast by China's commerce ministry. For April, imports are expected to rise 24 percent from March
Published 01 May, 2011 12:00am
Russia's grain sowing at record low due to late spring

Russia's grain sowing at record low due to late spring

Russia's grains sowing is at a record low because of a late spring but the campaign is accelerating, Agriculture Ministry data obtained by Reuters on Friday showed. The 2.65 million hectares of spring grains sown by April 28 represent just eight percent o
Published 01 May, 2011 12:00am
'Indonesian palm oil tax will not change much'

'Indonesian palm oil tax will not change much'

Indonesia will not make large-scale changes to the way it works out its palm oil export tax, the deputy agriculture minister said on Friday. Late last year, the Indonesian industry ministry said Southeast Asia's largest economy would "restructure" its exp
Published 01 May, 2011 12:00am
US Midwest corn, soya and wheat mostly steady

US Midwest corn, soya and wheat mostly steady

Spot basis bids were mostly steady for corn, soyabeans and soft red winter wheat around the US Midwest on Friday as futures for each crop rose sharply but farmers remained largely on the sidelines, grain merchants said. Some farmers in the western part of
Published 01 May, 2011 12:00am
Oil cake market rates

Oil cake market rates

The May vaida recovered modestly and July contract was unchanged on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The May vaida that had closed at Rs 1330.50 commenced with a gain of 30 paisa at Rs 1330.80. The Jul
Published 01 May, 2011 12:00am
Moong, masoor prices rise on grain market

Moong, masoor prices rise on grain market

Most of the commodities' including moong and masoor, prices went up on the wholesale grain market on Saturday as buyers were active to cover the near-term needs, dealers said.
Published 01 May, 2011 12:00am
The Nation's Pride

The Nation's Pride

"And say not of those who are slain in the Way of God: 'They are dead'. Nay, they are living, Though you perceive it not". (Qur'an 2:154) (In loving memory of Captain Omerzeb, TBt (Shaheed) - who met Shahadat on 21st May, 2009 at Lower Dir during Operatio
Published 01 May, 2011 12:00am
The Ultimate Sacrifice

The Ultimate Sacrifice

"And say not of those who are slain in the way of God: 'They are dead.' Nay, they are living, though you perceive it not". (Qur'an 2:154) The morning of 4th December 2009 was sun-up as normal, not knowing that another few hours will change the entire spec
Published 01 May, 2011 12:00am
Valiant Heroes - A letter to Shaheed Captain

Valiant Heroes - A letter to Shaheed Captain

My dear Shaheed Captain, "The True Hero"; I read your diary written for the nation before your Shahadat, and found: "I am going to die for a nation whose heroes that shine on cellular screens and in playgrounds; not the soldiers who sacrifice their youthf
Published 01 May, 2011 12:00am
In Pursuit of Excellence

In Pursuit of Excellence

Sitting in a Brigade Headquarters buried in maps, staff tables, and piles of routine correspondence; there was a young officer who was keen about everything & did all with utmost perfection. He had recently joined the brigade engaged in operations in FATA
Published 01 May, 2011 12:00am
A Soldier's Song

A Soldier's Song

Won't let its pride sway, For my country's future, I'll die today,
Published 01 May, 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 01 May, 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 01 May, 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 Saturday (April 30, 2011).

Published 01 May, 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 Saturday (April 30, 2011).

Published 01 May, 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 Saturday (April 30, 2011).

Published 01 May, 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 Saturday (April 30, 2011).

Published 01 May, 2011 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (April 30, 2011).

Published 01 May, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (April 30, 2011).

Published 01 May, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee shed its overnight gains against dollar, it, however, gained versus the euro on currency market on Saturday, dealers said. The rupee fell by five paisa in relation to dollar for buying at 84.68 and shed two paisa for selling at 84.70, they said.
Published 01 May, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee shed its overnight gains against dollar, it, however, gained versus the euro on currency market on Saturday, dealers said. The rupee fell by five paisa in relation to dollar for buying at 84.68 and shed two paisa for selling at 84.70, they said.
Published 01 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (April 30, 2011).

Published 01 May, 2011 12:00am
Egypt's Muslim Brotherhood form political party

Egypt's Muslim Brotherhood form political party

Egypt's Muslim Brotherhood, the country's best organised movement, on Saturday announced the formation of a party to contest up to half of parliament's seats in a September election. Mohammed Hussein, the group's secretary general, said at a news conferen
Published 01 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (April 30, 2011).

Published 01 May, 2011 12:00am
Egypt's Muslim Brotherhood form political party

Egypt's Muslim Brotherhood form political party

Egypt's Muslim Brotherhood, the country's best organised movement, on Saturday announced the formation of a party to contest up to half of parliament's seats in a September election. Mohammed Hussein, the group's secretary general, said at a news conferen
Published 01 May, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 30, 2011).

Published 01 May, 2011 12:00am
Rebels spurn offer, say he's lost credibility: Qadhafi offers ceasefire

Rebels spurn offer, say he's lost credibility: Qadhafi offers ceasefire

Libyan leader Muammar al-Qadhafi said on Saturday he was ready for a cease-fire and negotiations provided Nato "stop its planes", but he refused to give up power as rebels and Western powers demand. The insurgents rejected Qadhafi's offer, saying he had l
Published 01 May, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 30, 2011).

Published 01 May, 2011 12:00am
Rebels spurn offer, say he's lost credibility: Qadhafi offers ceasefire

Rebels spurn offer, say he's lost credibility: Qadhafi offers ceasefire

Libyan leader Muammar al-Qadhafi said on Saturday he was ready for a cease-fire and negotiations provided Nato "stop its planes", but he refused to give up power as rebels and Western powers demand. The insurgents rejected Qadhafi's offer, saying he had l
Published 01 May, 2011 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (April 30, 2011).

Published 01 May, 2011 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 30, 2011).

Published 01 May, 2011 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (April 30, 2011).

Published 01 May, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 30, 2011).

Published 01 May, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 30, 2011).

Published 01 May, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 30, 2011).

Published 01 May, 2011 12:00am
PPP committed to freedom of press: Prime Minister

PPP committed to freedom of press: Prime Minister

Prime Minister Syed Yusuf Raza Gilani said that freedom of media was transformed into a reality during the three-year rule of the Pakistan People's Party. Addressing the All Pakistan Newspapers Society (APNS) Regional Convention -2011,here on Saturday, th
Published 01 May, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 30, 2011).

Published 01 May, 2011 12:00am
PPP committed to freedom of press: Prime Minister

PPP committed to freedom of press: Prime Minister

Prime Minister Syed Yusuf Raza Gilani said that freedom of media was transformed into a reality during the three-year rule of the Pakistan People's Party. Addressing the All Pakistan Newspapers Society (APNS) Regional Convention -2011,here on Saturday, th
Published 01 May, 2011 12:00am
US long feared India arms-sale snags, cable shows

US long feared India arms-sale snags, cable shows

The United States has fretted for years that its ties to Pakistan and past sanctions against India would harm its efforts to win arms deals such as the $11 billion fighter order that slipped away from two US suppliers this week, a US diplomatic cable show
Published 01 May, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (April 30, 2011).

Published 01 May, 2011 12:00am
US long feared India arms-sale snags, cable shows

US long feared India arms-sale snags, cable shows

The United States has fretted for years that its ties to Pakistan and past sanctions against India would harm its efforts to win arms deals such as the $11 billion fighter order that slipped away from two US suppliers this week, a US diplomatic cable show
Published 01 May, 2011 12:00am
Labour Day today

Labour Day today

International Labour Day also called May Day is being observed on Sunday (today) in Pakistan like many other parts of the world, with a renewed pledge to safeguard the rights of workers and improve the socio-economic condition of the working class. To mar
Published 01 May, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (April 30, 2011).

Published 01 May, 2011 12:00am
Labour Day today

Labour Day today

International Labour Day also called May Day is being observed on Sunday (today) in Pakistan like many other parts of the world, with a renewed pledge to safeguard the rights of workers and improve the socio-economic condition of the working class. To mar
Published 01 May, 2011 12:00am
Germany says al Qaeda suspects planned bomb attack

Germany says al Qaeda suspects planned bomb attack

Three suspected al Qaeda members had been planning a bomb attack in Germany for four months when they were arrested, federal prosecutors said. Rainer Griesbaum, a federal prosecutor, told a news conference on Saturday that the trio, led by a 29-year-old M
Published 01 May, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 30, 2011).

Published 01 May, 2011 12:00am
Germany says al Qaeda suspects planned bomb attack

Germany says al Qaeda suspects planned bomb attack

Three suspected al Qaeda members had been planning a bomb attack in Germany for four months when they were arrested, federal prosecutors said. Rainer Griesbaum, a federal prosecutor, told a news conference on Saturday that the trio, led by a 29-year-old M
Published 01 May, 2011 12:00am
Active Taxpayer List eligibility: FBR to unveil provisional list

Active Taxpayer List eligibility: FBR to unveil provisional list

The Federal Board of Revenue will display a provisional list of all compliant and non-compliant taxpayers on its website to meet the criteria for becoming eligible for Active Taxpayer List to smoothly carry out business activities. In this regard, the FBR
Published 01 May, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (April 30, 2011).

Published 01 May, 2011 12:00am
Active Taxpayer List eligibility: FBR to unveil provisional list

Active Taxpayer List eligibility: FBR to unveil provisional list

The Federal Board of Revenue will display a provisional list of all compliant and non-compliant taxpayers on its website to meet the criteria for becoming eligible for Active Taxpayer List to smoothly carry out business activities. In this regard, the FBR
Published 01 May, 2011 12:00am
Active Taxpayer List eligibility: FBR to unveil provisional list

Active Taxpayer List eligibility: FBR to unveil provisional list

The Federal Board of Revenue will display a provisional list of all compliant and non-compliant taxpayers on its website to meet the criteria for becoming eligible for Active Taxpayer List to smoothly carry out business activities. In this regard, the FBR
Published 01 May, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (April 30, 2011) and for Sunday (May 01, 2011).
Published 01 May, 2011 12:00am
Prices of POL products raised

Prices of POL products raised

The government on Saturday passed on the full impact of international market to consumers ranging between Rs 1.80 and Rs 9.32 per litre effective from today (Sunday). After this increase, oil prices in Pakistan have touched Rs 99.92 per litre mark due to
Published 01 May, 2011 12:00am
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