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Archive - 2011-05-07
President Zardari arrives in Kuwait
Top News

President Zardari arrives in Kuwait

KUWAIT: President Asif Ali Zardari was accorded a red-carpet welcome, as he arrived here Saturday evening on a two-day o
Published 07 May, 2011 07:06pm
Gold surges to Rs 40,885
Markets

Gold surges to Rs 40,885

KARACHI: Gold improved by Rs 343 to Rs 40,885 per 10 grams in local bullion market Saturday, as its international price
Published 07 May, 2011 05:59pm
Tanks storm Syrian city Banias
Top News

Tanks storm Syrian city Banias

NICOSIA: Syrian troops backed by tanks swept early on Saturday into Banias, a hub of anti-regime protests, as residents
Published 07 May, 2011 07:28am
US releases seized bin Laden videos
Top News

US releases seized bin Laden videos

WASHINGTON: The United States has made public several videos seized during last week's historic raid including one sho
Published 07 May, 2011 06:57am
IRSA releases 203,485 cusecs water

IRSA releases 203,485 cusecs water

The Indus River System Authority (IRSA) on Friday released 203,485 cusecs water from various rim stations with inflow of 262,498 cusecs. According to the data released by IRSA here, the maximum water level in River Indus at Tarbela was 1406.12 feet which
Published 07 May, 2011 12:00am
Zardari leaves for Kuwait today

Zardari leaves for Kuwait today

President Asif Ali Zardari will pay a two-day official visit to Kuwait on May 7-8 who earlier visited Kuwait in February this year on the invitation of the Amir of Kuwait to participate in the celebrations marking the 50 years of Kuwait's independence.
Published 07 May, 2011 12:00am
Punjab Assembly session on May 12

Punjab Assembly session on May 12

On the requisition of Punjab Opposition benches, Speaker Punjab Assembly Rana Muhammad Iqbal has summoned assembly session for May 12, 2011(3:00pm).
Published 07 May, 2011 12:00am
Pakistani artists' major group show in Singapore from May 10

Pakistani artists' major group show in Singapore from May 10

Pakistani artists' major group show is being held in Singapore from May 10. Quite appropriately titled "Artistic Fusions from Pakistan", the major art exhibition of 13 Pakistani artists is to be held at the Art House, Old Parliament Lane, Level 2 Annex Bu
Published 07 May, 2011 12:00am
Punjab repatriates 2 senior officials to Establishment Division

Punjab repatriates 2 senior officials to Establishment Division

Punjab government on Friday repatriated two senior officials to Establishment Division and posted four government officials. According to a notification, services of Manzar Hayat, Member, Planning and Development Board, Punjab, Lahore, and Muhammad Zahir
Published 07 May, 2011 12:00am
Steps being taken to improve agricultural sector: ZTBL President

Steps being taken to improve agricultural sector: ZTBL President

Concrete steps are being taken to improve the agriculture sector and in this regard, several schemes have been introduced to facilitate the farmers. This was stated by President Zarai Tarqaiti Bank Limited (ZTBL) Chaudhary Zaka Ashraf while talking to Pak
Published 07 May, 2011 12:00am
Science, Engineering Fair in US from May 9

Science, Engineering Fair in US from May 9

The International Science and Engineering Fair 2011 would commence from May 9 at Los Angeles in US. It is a programme of the Society for Science and the Public, says an announcement of the Intel Pakistan here on Friday. It said that some 1,500 high school
Published 07 May, 2011 12:00am
Chief Justice IHC to assume charge from Monday

Chief Justice IHC to assume charge from Monday

The Chief Justice of Islamabad High Court (IHC) Iqbal Hameed-ur-Rehman is likely to assume charge of his office again from Monday after recovery from illness. According to an official of Islamabad High Court (IHC), Chief Justice would also resume hearing
Published 07 May, 2011 12:00am
Power situation improves substantially

Power situation improves substantially

Power situation improved substantially with increase in hydel power generation during the last 24 hours. Power generation stood at 12,411MW against a demand of 15,141MW, bringing the gap down to 2,730MW. Pepco sources said glacier meltdown improved with t
Published 07 May, 2011 12:00am
Two killed in rival clash

Two killed in rival clash

At least two people have been killed and four others injured in a clash that took place between two rival groups in Desh Mandi area. "Two groups fought each other over a domestic dispute in Desh Mandi, an area located on Pak-Afghan border inside Pakistani
Published 07 May, 2011 12:00am
Punjab University to hold Book Fair from February 12: spokesman

Punjab University to hold Book Fair from February 12: spokesman

Punjab University spokesman has stated that the varsity administration himself will hold the Book Fair from 12th to 14th May 2011 at the Main Corridor of Institute of Education and Research and would provide complete security to booksellers and publishers
Published 07 May, 2011 12:00am
Pakistan capable of tackling all challenges: Wajid

Pakistan capable of tackling all challenges: Wajid

The present day Pakistan is capable of tackling all sorts of challenges whether internal or external and any talk of instability in the country or a threat to its integrity is not only an exaggeration but an exercise to malign Pakistan. Speaking at the bo
Published 07 May, 2011 12:00am
Introduction of solar tube-wells in the offing

Introduction of solar tube-wells in the offing

Provincial Minister for Food, Choudary Abdul Ghafoor has said that Punjab government would soon introduce solar tube wells for bringing radical changes in the agriculture sector of Punjab. Addressing a news conference, here on Friday afternoon.
Published 07 May, 2011 12:00am
PC strategy focuses economic growth and reforms: Dr Haque

PC strategy focuses economic growth and reforms: Dr Haque

In a paradigm shift of strategies for economic and social uplift through public sector development programmes, the Planning Commission was now focusing on economic growth and reforms so that the private sector could play a dominant role in the growth proc
Published 07 May, 2011 12:00am
Aashiyana Housing Project in full swing: Punjab chief minister

Aashiyana Housing Project in full swing: Punjab chief minister

Punjab Chief Minister, Muhammad Shahbaz Sharif paid his weekly visit to the under construction Aashiyana Housing Project at Saroba Atari, here on Friday. The chief minister said that Aashiyana Housing Schemes Project having latest residential facilities h
Published 07 May, 2011 12:00am
'PIEDMC setting up chain of industrial estates'

'PIEDMC setting up chain of industrial estates'

In line with Punjab Chief Minister, Mian Shahbaz Sharif's vision to turn the province into a hub of industrial activities, Punjab Industrial Estates Development and Management Company (PIEDMC) has embarked upon a programme to launch a chain of industrial
Published 07 May, 2011 12:00am
Fesco forms body to resolve power supply issue

Fesco forms body to resolve power supply issue

Faisalabad Electric Supply Company (Fesco) has formed a committee to look into the issue of power supply to various housing colonies and all Deputy Managers (Operation) have been asked to furnish their report in this regard.
Published 07 May, 2011 12:00am
Punjab paramedics to observe complete strike on May 18

Punjab paramedics to observe complete strike on May 18

Complete strike will be observed on May 18 in all hospitals, health centres, and Basic Health Units of Punjab, and sit-in will observed in front of Chief Minister House. Later the protesters will self-immolate. Protest demonstrations will be staged in fro
Published 07 May, 2011 12:00am
POL, gas prices: LHC asked to dismiss petition

POL, gas prices: LHC asked to dismiss petition

The oil and gas regulatory authority (Ogra) and Sui Northern Gas Pipeline (SNGPL) here Friday asked Lahore High Court to dismiss a petition challenging increase in POL prices and slab rates of Sui gas after declaring it non-maintainable. Both the authorit
Published 07 May, 2011 12:00am
Turkish firms intend to make investments in various sectors

Turkish firms intend to make investments in various sectors

Chairman, Turkish-Pak Business Council (TPBC), Huseyin Akin has said Foreign Direct Investment (FDI) in Pakistan would soon get a considerable boost, as a number of Turkish companies intend to make investments through joint ventures with their Pakistani c
Published 07 May, 2011 12:00am
SAP-PK organises conference

SAP-PK organises conference

South Asia Partnership Pakistan (SAP-PK) organised a national conference titled "A Tribute to the Struggle of Women Peasants and Workers" in commemoration of Labour Day. The aim of the conference was to acknowledge and appreciate the struggle of women pea
Published 07 May, 2011 12:00am
Five social security officers to be suspended

Five social security officers to be suspended

Punjab Minister for Labour, Auqaf, Religious Affairs and Baitul Mal, Haji Ihsanuddin Qureshi has said 5 social security officers to be suspended for being absent from duty. The minister directed the concerned authorities to take action against them. He pa
Published 07 May, 2011 12:00am
Midwives playing vital role in reducing maternal mortality

Midwives playing vital role in reducing maternal mortality

Speakers at a function held in connection with International Day of Midwives said that midwives were playing an important role in reducing maternal mortality but there was great need to train community midwives. Afghanistan ranks among the top countries w
Published 07 May, 2011 12:00am
Issue of violation of sovereignty a matter of concern: Prime Minister

Issue of violation of sovereignty a matter of concern: Prime Minister

Prime Minister, Syed Yusuf Raza Gilani said that keeping in view longstanding relations with the United States, Pakistan's sovereignty sshould not have been violated. Reacting to a military operation conducted deep inside Pakistan territory by a US team o
Published 07 May, 2011 12:00am
Science Olympiad starts at NUST

Science Olympiad starts at NUST

A four-day Science Olympiad-SYTEK kicked off here at National University of Sciences and Technology (NUST) on Friday. The event is being organised by NUST Science Society (NSS). Science Olympiad is an opportunity for NUST students to learn about science u
Published 07 May, 2011 12:00am
Pesco cuts down load shedding schedule

Pesco cuts down load shedding schedule

The Peshawar Electricity Supply Company (Pesco) has cut down the schedule of load shedding by three hours in both urban and rural areas of the province. According to new schedule announced on Friday, a 6 to 7 hours load shedding will be carried out in the
Published 07 May, 2011 12:00am
'Allegations against agencies false, fabricated'

'Allegations against agencies false, fabricated'

Defence Ministry Chaudhry Ahmed Mukhtar while defending the intelligence agencies of the country said that all the allegations being levelled against them were false and fabricated. Reacting to the statements of Afghanistan and India regarding intelligenc
Published 07 May, 2011 12:00am
US 'highly vigilant' after al Qaeda revenge threat

US 'highly vigilant' after al Qaeda revenge threat

The White House said Friday it was "highly vigilant" to security threats following al Qaeda's threat to avenge the US killing of its leader, Osama bin Laden. "We are quite aware of the potential for activity and are highly vigilant on that matter for that
Published 07 May, 2011 12:00am
IGP Islamabad opens 'Fun and Joy Spring Festival'

IGP Islamabad opens 'Fun and Joy Spring Festival'

Inspector General of Police (IGP) Islamabad Wajid Ali Khan Durrani opened the 'Fun and Joy Spring Festival' at Lake View Park to attract visitors at beautiful stalls and eye-catching programmes especially, arranged for children. Puppet shows have been arr
Published 07 May, 2011 12:00am
CIA ran post in Abbottabad to watch bin Laden

CIA ran post in Abbottabad to watch bin Laden

The United States ran a CIA post in the Pakistani garrison town of Abbottabad where Osama bin Laden was found, operating a team of spies for surveillance of the compound where he was found, the Washington Post said Thursday. Citing US officials, the Post
Published 07 May, 2011 12:00am
Petition challenging Abbottabad raid filed in LHC

Petition challenging Abbottabad raid filed in LHC

Lahore High Court here Friday fixed May 10 for preliminary hearing of a petition challenging US raid on the residence of Osama Bin Laden in Abbottabad after overruling objection of the registrar office. Office of this court had put objection on the case s
Published 07 May, 2011 12:00am
Public hearing on environmental issues held

Public hearing on environmental issues held

In the light of Section 12 of Environment Protection Act, a public hearing was arranged on Friday, in which environmental issues arising from the construction of flyover at Kalma Chowk were discussed. The hearing was jointly organised by Punjab Communicat
Published 07 May, 2011 12:00am
To encourage documentation: FBR to introduce 'Minimum Tax Regime'

To encourage documentation: FBR to introduce 'Minimum Tax Regime'

The Federal Board of Revenue has proposed to bring sectors of Final Tax Regime and Fixed Tax Regime into the Minimum Tax Regime to encourage documentation from next fiscal year (2011-12). Sources told Business Recorder here on Friday that the propo
Published 07 May, 2011 12:00am
Parliament House, Lodges: meeting discusses security measures

Parliament House, Lodges: meeting discusses security measures

Acting Speaker National Assembly Faisal Karim Kundi chaired a meeting in Parliament House to discuss the security arrangements in and around Parliament House and Parliament Lodges in wake of the present volatile security situation in the country. The Secr
Published 07 May, 2011 12:00am
Capital police arrest 18 suspects

Capital police arrest 18 suspects

Islamabad Police arrested 18 persons from different areas of the city for their alleged involvement in car lifting, theft, gambling, bootlegging and seized one car, stolen items worth Rs 150,000, stake money and 31 bottles of liquor, said a spokesman of I
Published 07 May, 2011 12:00am
Abbottabad operation biggest tragedy after Dhaka fall: Chaudhry Nisar

Abbottabad operation biggest tragedy after Dhaka fall: Chaudhry Nisar

Opposition Leader in the National Assembly Chaudhry Nisar Ali Khan on Friday described the US sting operation in Abbottabad last Sunday night to kill bin Laden as 'biggest tragedy' after Dhaka's fall. Talking to media persons outside Parliament House, he
Published 07 May, 2011 12:00am
Joint walkout against non-release of funds mars Senate proceedings

Joint walkout against non-release of funds mars Senate proceedings

The joint walkout by the treasury and opposition lawmakers, against delay in provision of funds to the senators, marred the proceedings of the House on Friday. The House, which was supposed to continue debate on two very important issues - the US action i
Published 07 May, 2011 12:00am
Visit to Russia: Zardari to discuss expansion plan of Steel Mill

Visit to Russia: Zardari to discuss expansion plan of Steel Mill

President Asif Ali Zardari during his upcoming visit to Russia will discuss a plan for the expansion of Pakistan Steel Mills Corporation (PSM) and Iran-Pakistan gas pipeline. Well-placed sources told Business Recorder here on Friday that the presid
Published 07 May, 2011 12:00am
Two PFF leaders killed, another missing

Two PFF leaders killed, another missing

Two leaders of Pakistan Fisherfolk Forum Karachi, Abdul Ghani and Haji Abu Bakar were killed Thursday night while the third, Aijaz son of Haji Siddique is missing, as the outlaws attacked Kaka Village and kidnapped all the three, PFF spokesman said on Fri
Published 07 May, 2011 12:00am
Samsung eyes on markets

Samsung eyes on markets

The President of the Visual Display Business at Samsung Electronics, Bk Yoon, recently visited various African and Asian countries in search of content and to explore other opportunities in the emerging markets to further enhance Samsungs presence.
Published 07 May, 2011 12:00am
Senate defers Trade Control of Wild Fauna and Flora Bill

Senate defers Trade Control of Wild Fauna and Flora Bill

The Upper House of Parliament on Friday deferred the bill 'Pakistan Trade Control of Wild Fauna and Flora' due to devolution of the Environment Ministry. The National Assembly has already passed this bill on December 29, 2010.
Published 07 May, 2011 12:00am
Former member participants' admission be terminated: SECP tells CDC

Former member participants' admission be terminated: SECP tells CDC

The Securities and Exchange Commission of Pakistan (SECP) has directed the Central Depository Company of Pakistan Limited (CDC) to terminate admission of ex-member participants with immediate effect. The apex regulator has also directed the CDC to suspend
Published 07 May, 2011 12:00am
Naek for handling situations in Middle East with care

Naek for handling situations in Middle East with care

Pakistan Senate Chairman Farooq H Naek called on the Iranian President Mehmood Ahmadinejad, says a press release received here on Friday. The Iranian President said that he always believed that our civilisation links were deep rooted based on common cultu
Published 07 May, 2011 12:00am
OGDCL looking at various options to develop Uch-II project

OGDCL looking at various options to develop Uch-II project

OGDCL has been accused to ink a US $200 million agreement on Uch-II Project with a company whose top management is under investigation for misappropriation of funds in a section of press. OGDCL is looking at various options to develop its Uch Gas Field fo
Published 07 May, 2011 12:00am
Mobile phone users urged to get data corrected

Mobile phone users urged to get data corrected

Pakistan Telecommunication Authority (PTA) has advised mobile phone subscribers to visit Customer Service Centres of their concerned mobile operators to check if there is any discrepancy in their antecedents. The PTA sought subscribers' co-operation in st
Published 07 May, 2011 12:00am
After Osama

After Osama

In the wake of American commando raid in Abbottabad, the Pak-US cooperative relationship has arrived at a make-or-break point, a scenario never confronted before during the decade-old anti-terrorism alliance. There have been in the past dicey situations a
Published 07 May, 2011 12:00am
Essential items' adulteration

Essential items' adulteration

Creditably for him, Punjab Chief Minister Shahbaz Sharif has turned his attention to the menace of adulteration. Speaking at a price control meeting the other day, he said adulteration is a more serious crime than profiteering, adding that elements engage
Published 07 May, 2011 12:00am
Poachers cannot be preachers

Poachers cannot be preachers

The economic decision-making is becoming murkier by the day. Why so? The political system that has been out of mainstream economics is trying to grab what it can and the consequences are damned. Not only are they not concerned with what is happening in th
Published 07 May, 2011 12:00am
Budget proposals - II: Need for national tax court

Budget proposals - II: Need for national tax court

On identical issues, there is no certainty of uniform orders at the level of high courts. It is advisable to place Tax Appellate Tribunal directly under the Supreme Court. Presently thousands of tax references are lying in different high courts of the cou
Published 07 May, 2011 12:00am
Tsunami victims in limbo in ravaged Japanese city

Tsunami victims in limbo in ravaged Japanese city

Kumiko Oikawa spends most of her day on painstaking work, cleaning up her two-storey house hit by tsunami waves up to six metres high. "Water completely submerged the first floor of our house," Oikawa recalled. The March 11 magnitude-9 earthquake struck n
Published 07 May, 2011 12:00am
US raid

US raid

Pakistan Ex-Servicemen Association (PESA) stands firmly with the people of Pakistan who feel deeply angered, aggrieved, and humiliated at failure of our civil and military leadership in the face of the flagrant violation of our sovereignty by the US in ca
Published 07 May, 2011 12:00am
KSE Award Distribution ceremony on May 23

KSE Award Distribution ceremony on May 23

The Karachi Stock Exchange (KSE) Top Companies Award Distribution Ceremony for the year 2008 and 2009 would be held at Aiwan-e-Sadr, Islamabad on May 23, 2011. This was announced by the KSE, in its notice sent to its members, here on Friday. "On the invit
Published 07 May, 2011 12:00am
Government committed to the cause of Kashmir: Wattoo

Government committed to the cause of Kashmir: Wattoo

Federal Minister for Kashmir Affairs & Gilgit-Baltistan, Mian Manzoor Ahmad Wattoo has said that Pakistan and PPP-led government are committed to the cause of Kashmir and to the people of Kashmir. He said while distributing the Scholarship Cheques to the
Published 07 May, 2011 12:00am
Protests against US intrusion in Pakistan

Protests against US intrusion in Pakistan

Hundreds of protestors belonging to different religious parties on Friday staged rallies against the US military operation in Abbottabad and termed the unilateral action a clear violation of Pakistan's sovereignty. Religious parties including the two bann
Published 07 May, 2011 12:00am
P&G launches Mission Taleem

P&G launches Mission Taleem

Today P&G Pakistan marketers of leading household care products Pampers, Safeguard, Pantene and others joined hands with Anwar Maqsood renowned playwright and literary personality to launch Mission Taleem. The campaign aims to touch and improve lives of P
Published 07 May, 2011 12:00am
Indian HC meets Punjab chief minister

Indian HC meets Punjab chief minister

Indian High Commissioner, Sharat Sabharwal met Punjab Chief Minister, Muhammad Shahbaz Sharif, here Friday. Bilateral relations and matters of mutual interest were discussed during the meeting. Senior Advisor Sardar Zulfiqar Ali Khan Khosa, Senator Pervai
Published 07 May, 2011 12:00am
Palpa helps PIA save Rs 400 million

Palpa helps PIA save Rs 400 million

Pakistan Airline Pilots' Association (Palpa) has helped PIA administration in saving Rs 400 million, the biggest sum of money ever saved through cost-cutting measures in the history of the airline and are working on saving millions more President Palpa, C
Published 07 May, 2011 12:00am
IBA appoints leading professionals as professors

IBA appoints leading professionals as professors

IBA Board of Governors has appointed four eminent Pakistanis as adjunct professors at the institute. "In the ever changing world of ours we have to widen the mental horizons of our students and equip them with the knowledge about the larger global and nat
Published 07 May, 2011 12:00am
Listed non-life insurance companies profit increases by 60 percent

Listed non-life insurance companies profit increases by 60 percent

The profit of listed non-life insurance companies has increased by 60 percent to Rs 1,345 million in the quarter ended March 31, 2011 as compared to Rs 842 million in the same period last year. "Thanks to some stability in macro economic indicators, bette
Published 07 May, 2011 12:00am
Nokia developer contest begins

Nokia developer contest begins

Forum Nokia and P@SHA recently organised a workshop to help local developers understand the specifications for Ovi store content development. The event instructor, Teemu Kiijarvi, Developer Relations Manager for Nokia Middle East and Africa and Eemeli Kan
Published 07 May, 2011 12:00am
HEC organises ELTR's evaluation course

HEC organises ELTR's evaluation course

The first one-month course on testing and evaluation was organised by Higher Education Commission's English Language Teaching Reforms (ELTR) Project under its Phase-II at Sindh Agriculture University (SAU), Tandojam attended by 22 college teachers of the
Published 07 May, 2011 12:00am
US MIDDAY: silver, gold up

US MIDDAY: silver, gold up

Silver rose 1 percent on Friday, snapping a five-day losing streak that cut prices by almost a third, while gold rose after encouraging US jobs data triggered a broad bounce in beaten-down commodities. Silver suffered the biggest sell-off since the 1980 c
Published 07 May, 2011 12:00am
US MIDDAY: copper dips

US MIDDAY: copper dips

Benchmark copper futures eked out a modest gain on Friday, after upbeat US employment data helped calm commodity markets spooked into free fall on Thursday by fears of slowing growth in the world's No 1 economy. But gains were reversed in after-hours trad
Published 07 May, 2011 12:00am
US MIDDAY: grains rebound

US MIDDAY: grains rebound

Grains rebounded on Friday to recoup losses a day after the biggest sell-off in commodities since 2008 as investors came flooding back looking for bargains following a bullish US jobs report. Wheat led soyabeans and corn higher, although corn dipped again
Published 07 May, 2011 12:00am
US MIDDAY: coffee, sugar down

US MIDDAY: coffee, sugar down

Arabica futures finished lower for the third straight day on Friday, after hitting a 34-year high on Tuesday, closing the week down for the first time in five weeks as the commodity complex reversed lower. The key July raw sugar contract eased 0.39 cent o
Published 07 May, 2011 12:00am
Gold bounces, silver recovers in London

Gold bounces, silver recovers in London

Gold bounced on Friday as bargain hunters entered the fray, while silver recovered from a two-month low hit after a sell frenzy sparked by higher margin requirements and expectations of a stronger dollar. Spot gold was bid at $1,494.30 a troy ounce at 131
Published 07 May, 2011 12:00am
Silver bounces in Asia

Silver bounces in Asia

Silver rebounded on Friday from its biggest one-day dollar fall since 1980, and gold also recovered as cheaper prices lured in Asian investors keeping a wary eye on US employment data due later in the day. Spot silver gained nearly 1 percent to $35 an oun
Published 07 May, 2011 12:00am
US silver dives over 10 percent

US silver dives over 10 percent

Silver plunged more than 10 percent on Thursday, its biggest one-day drop in dollar terms since the Hunt Brothers price squeeze, dragging gold over 3 percent lower as panic selling snowballed across the commodities sector. Silver has now lost 30 percent t
Published 07 May, 2011 12:00am
Oil down again, gutted in record weekly drop

Oil down again, gutted in record weekly drop

Oil fell on Friday to cap a frenzied trading week that sliced prices by a record of more than $16 a barrel on demand worries and a move by investors to slash commodities exposures. Oil bounced up early, then began to erase gains as the dollar rose.
Published 07 May, 2011 12:00am
Oil down again, gutted in record weekly drop

Oil down again, gutted in record weekly drop

Oil fell on Friday to cap a frenzied trading week that sliced prices by a record of more than $16 a barrel on demand worries and a move by investors to slash commodities exposures. Oil bounced up early, then began to erase gains as the dollar rose.
Published 07 May, 2011 12:00am
Oil down again, gutted in record weekly drop

Oil down again, gutted in record weekly drop

Oil fell on Friday to cap a frenzied trading week that sliced prices by a record of more than $16 a barrel on demand worries and a move by investors to slash commodities exposures. Oil bounced up early, then began to erase gains as the dollar rose.
Published 07 May, 2011 12:00am
Liffe coffee rises

Liffe coffee rises

Liffe August white sugar closed little changed on Friday, down 30 cents at $582.00 per tonne, having traded near an 8-month low, pressured by expectations of ample supplies from Brazil and Thailand. Liffe July robusta coffee edged up $16 to close at $2,59
Published 07 May, 2011 12:00am
US soyabeans plunge

US soyabeans plunge

US soyabean futures plunged on Thursday, with the July contract down 2 percent after a day-long sell-off as a broad group of commodities likewise unravelled as the US dollar firmed, traders said. Soyabean futures have closed lower in seven of the last eig
Published 07 May, 2011 12:00am
Key TOCOM rubber futures plunge

Key TOCOM rubber futures plunge

Key Tokyo rubber futures plunged on Friday, dragged lower by a slump in commodities across the board on concerns about a global economic slowdown. The benchmark rubber futures contract on the Tokyo Commodity Exchange for October delivery dropped more than
Published 07 May, 2011 12:00am
Copper turns positive

Copper turns positive

Base metals turned positive on Friday after data, showing US employment rose more than expected in April, calmed commodities markets spooked by fears of slowing growth in the world's largest economy. Copper for three-month delivery on the London Metal Exc
Published 07 May, 2011 12:00am
Shanghai copper falls

Shanghai copper falls

Copper in Shanghai fell on Friday, tracking London prices that crashed to a five-month low in the previous session as part of a broader commodities sell off triggered by worries about economic growth. The most-active July Shanghai copper contract dropped
Published 07 May, 2011 12:00am
US copper sinks

US copper sinks

Copper nose-dived more than 3 percent on Thursday to its lowest level since December as fears about sputtering global growth and growing inflation risk triggered a vicious cross-commodity crash. The 19-commodity Reuters-Jefferies CRB index was last off al
Published 07 May, 2011 12:00am
Malaysian palm oil slumps to 6-month low

Malaysian palm oil slumps to 6-month low

Malaysian palm oil futures tumbled to their lowest in more than six months on Friday along with a broad sell-off in commodities as traders fretted over the state of the US economy and reduced risk taking. The sell-off, which started in US trading hours th
Published 07 May, 2011 12:00am
New York cocoa, coffee and sugar plunge

New York cocoa, coffee and sugar plunge

Soft commodity futures were pummelled Thursday as the sugar, arabica coffee and cocoa markets were caught up in a commodity-wide selling spree. The Reuters-Jefferies CRB index, a global benchmark for commodities, was headed for its biggest loss in two yea
Published 07 May, 2011 12:00am
New York cotton futures mixed

New York cotton futures mixed

US cotton futures finished mixed Friday as the market appeared to be stabilising after a savage sell-off in the commodity sector over the last few sessions, analysts said. "Cotton's trying to hold its own," said Mike Stevens, an independent cotton analyst
Published 07 May, 2011 12:00am
Rich nations miss UN climate finance deadline

Rich nations miss UN climate finance deadline

Rich countries have missed a UN deadline for outlining aid to help developing nations combat climate change. Among industrialised nations, only Russia and Ukraine sent letters to the United Nations by the May 1 deadline - only to say they did not feel obl
Published 07 May, 2011 12:00am
China fines Unilever after it sparked panic-buying

China fines Unilever after it sparked panic-buying

China said Friday it has fined consumer products giant Unilever $310,000 for talking to Chinese media about planned price hikes that sparked panic-buying of shampoo and detergents in late March. The National Development and Reform Commission imposed a two
Published 07 May, 2011 12:00am
Pelosi leads US lawmakers to Qatar

Pelosi leads US lawmakers to Qatar

US lawmakers visited Qatar on Friday, discussing bilateral ties and regional security issues with its crown prince, Sheikh Tamim bin Hamad al-Thani, Democratic House Minority Leader Nancy Pelosi said. "Our congressional delegation is pleased to be in Qata
Published 07 May, 2011 12:00am
Crowds mass as Saleh blocks Yemen deal again

Crowds mass as Saleh blocks Yemen deal again

Tens of thousands of Yemenis took to the streets both for and against President Ali Abdullah Saleh on Friday, a day after Gulf efforts to revive a plan for him to leave power were stymied by conditions attached by his party. Anti-Saleh protesters met for
Published 07 May, 2011 12:00am
France expels 14 Libyan diplomats

France expels 14 Libyan diplomats

France on Friday expelled 14 Libyan diplomats loyal to the government of Muammar Qadhafi as Amnesty International said Libyan forces could be guilty of war crimes in the besieged city of Misrata. France, the United States, Britain and others are trying to
Published 07 May, 2011 12:00am
Europe's Muslims voice doubt, anger on bin Laden

Europe's Muslims voice doubt, anger on bin Laden

Europe's Muslims expressed anger or disbelief on Friday over the killing of Osama bin Laden but praise for the late al Qaeda chief was in short supply. Ahead of Friday prayers at a mosque in northern Paris, many worshippers greeted questions about his dea
Published 07 May, 2011 12:00am
EU slaps 13 Syrian officials, spares Assad

EU slaps 13 Syrian officials, spares Assad

The European Union on Friday agreed punitive sanctions against 13 Syrian officials involved in the regime's savage crackdown on protests, but momentarily held off sanctioning President Bashar al-Assad. Diplomats told AFP that ambassadors from the 27-natio
Published 07 May, 2011 12:00am
26 die in Syria 'Day of Defiance'

26 die in Syria 'Day of Defiance'

Syrian security forces shot dead at least 26 protesters Friday, a rights group said, as thousands rallied on a "Day of Defiance" against the autocratic regime of President Bashar al-Assad. At the same time, armed gangs killed one officer and four policeme
Published 07 May, 2011 12:00am
Japan Prime Minister orders shutdown of nuclear plant near faultline

Japan Prime Minister orders shutdown of nuclear plant near faultline

Japan's Prime Minister Naoto Kan on Friday ordered the suspension of operations at an ageing nuclear power plant south-west of Tokyo because it is located close to a dangerous tectonic faultline. It comes eight weeks after a massive quake and tsunami dama
Published 07 May, 2011 12:00am
Tens of thousands rally as Italian strike snarls traffic

Tens of thousands rally as Italian strike snarls traffic

Tens of thousands of Italian workers took to the streets Friday in a strike that snarled air and rail links as Italy's biggest union protested the government's failure to shake off the economic crisis. "This is a great day of struggle," CGIL leader Susann
Published 07 May, 2011 12:00am
China urges US to downplay rights in strategic dialogue

China urges US to downplay rights in strategic dialogue

China on Friday urged the United States not to focus on human rights issues during a bilateral Strategic and Economic Dialogue next week. "We hope it (the United States) will not devote too much energy to individual cases or cases that involve violations
Published 07 May, 2011 12:00am
Iran to make university courses more Islamic

Iran to make university courses more Islamic

Iran plans sweeping changes to university courses to make them more compatible with Islam, the official IRNA news agency reported on Friday. Deputy Minister of Science for Research and Technology Mohammad Mehdi Nejad Nouri, quoted by IRNA, said at least 3
Published 07 May, 2011 12:00am
More white-powder letters sent to US schools: FBI

More white-powder letters sent to US schools: FBI

Ten more letters containing suspicious but harmless white powder were sent to schools Friday in the US capital, the FBI said, after dozens of similar letters prompted school evacuations the previous day. A total of 39 letters to 34 Washington schools have
Published 07 May, 2011 12:00am
Rare rally tests Vietnam's religious tolerance

Rare rally tests Vietnam's religious tolerance

Vietnam has deployed troops to contain a rare mass protest by ethnic Hmong people that is testing the government's tolerance of minority Christians, just weeks after human rights activists accused leaders of persecuting another hill tribe.
Published 07 May, 2011 12:00am
Sultan Azlan Shah Cup: Pakistan beat South Korea 4-2

Sultan Azlan Shah Cup: Pakistan beat South Korea 4-2

Asian Games champions Pakistan came alive in the last 10 minutes of a Sultan Azlan Shah Cup match Friday, defeating South Korea 4-2 to go top of the standings. However, world champions Australia were lucky to salvage a 2-1 win over hosts Malaysia after ra
Published 07 May, 2011 12:00am
Khyber Pakhtunkhwa women sports gala starts

Khyber Pakhtunkhwa women sports gala starts

Much awaited Women Sports Gala has started after restoration of normalcy in militancy ravaged Khyber Pakhtunkhwa. The three-day Sports Gala has been organised under auspices of Tourism Corporation Khyber Pakhtunkhwa in collaboration with provincial depart
Published 07 May, 2011 12:00am
Mourinho gets five-match touchline ban, fined

Mourinho gets five-match touchline ban, fined

Real Madrid coach Jose Mourinho has been given a five-match touchline ban in European competition for his red card and verbal outburst at the Champions League semi-final first leg against Barcelona, UEFA said on Friday. Mourinho was also fined 50,000 euro
Published 07 May, 2011 12:00am
Warne set to quit after IPL

Warne set to quit after IPL

Australian bowling legend Shane Warne Friday said he will quit all professional cricket after the current Indian Premier League season, bringing the curtain down on an extraordinary career. "Yes this is my last year playing IPL," Warne, 41, posted on his
Published 07 May, 2011 12:00am
Tillakaratne seeks protection over fixing

Tillakaratne seeks protection over fixing

Former Sri Lanka cricket captain Hashan Tillakaratne on Friday demanded police protection before he shares information on alleged match-fixing with authorities. "As an eyewitness to match-fixing, I will reveal the names of those involved if my security is
Published 07 May, 2011 12:00am
Australia will only play two Tests in South Africa

Australia will only play two Tests in South Africa

Australia will play just two Tests on their tour of South Africa in October and November as the two nations do not want to intrude on the Champions League Twenty20 (CLT20). The CLT20, a franchise competition jointly owned by the Australian, Indian and Sou
Published 07 May, 2011 12:00am
Nadal crushes Llodra to reach Madrid semi-final

Nadal crushes Llodra to reach Madrid semi-final

Holder Rafael Nadal marched into the semi-finals of the ATP-WTA Madrid Masters on Friday as he snuffed out any challenge from Frenchman Michael Llodra 6-2, 6-2 in little more than an hour. The king of clay who is keen to win his third title of the spring
Published 07 May, 2011 12:00am
Swiss franc down

Swiss franc down

The Swiss franc ticked down against the euro on Friday, paring large gains on Thursday after dovish comments from European Central Bank president Jean-Claude Trichet sent the single currency into a tailspin. The dollar index against a basket of currencies
Published 07 May, 2011 12:00am
Money markets: markets expect two rate hikes by end-2011

Money markets: markets expect two rate hikes by end-2011

Bets for at least two more European Central Bank interest rate hikes this year held their own on Friday and only major shocks from economic growth data next week could shake them in the near term. December Euribor futures were last 2 basis points down to
Published 07 May, 2011 12:00am
Singapore dollar, ringgit have worst week in six months

Singapore dollar, ringgit have worst week in six months

The Singapore dollar and the Malaysian ringgit had their worst week in nearly six months as investors on Friday continued to take profits from emerging Asian currencies and other riskier assets amid plunging commodity prices and before US job data.
Published 07 May, 2011 12:00am
Indian rupee lower

Indian rupee lower

The Indian rupee ended marginally weaker on Friday hurt by the euro's further fall against the dollar, but domestic share gains helped the local unit to bounce back from a near six-week low touched in early trade. The partially convertible rupee closed at
Published 07 May, 2011 12:00am
Australian dollar rallies

Australian dollar rallies

The Australian dollar rallied 1 percent on Friday after the country's central bank bluntly warned that rates would have to rise to contain inflation, sending investors scrambling to price in a hike in the next month or two. By late Friday, the Aussie had
Published 07 May, 2011 12:00am
Dollar soars versus euro

Dollar soars versus euro

The US dollar soared nearly 2.0 percent against the euro on Thursday as concerns about a global economic slowdown, reflected in a slump in commodity markets, prompted investors to flee risky assets and high-yielding currencies and seek refuge in the green
Published 07 May, 2011 12:00am
Early afternoon trade in New York: Euro hits more than two-week low

Early afternoon trade in New York: Euro hits more than two-week low

The euro fell to its lowest in more than two weeks on Friday and headed for its worst week against the dollar since January after a German news report, later denied, suggested Greece had raised the possibility of leaving the eurozone. Spiegel Online repor
Published 07 May, 2011 12:00am
Euro dips in London

Euro dips in London

The euro fell further against the dollar in thin trade on Friday after steep losses the previous day, as markets positioned for a key US jobs report. The euro dipped below 1.4500 after falling nearly 2 percent on Thursday to $1.4510, with further falls in
Published 07 May, 2011 12:00am
Dollar slightly down in Asia

Dollar slightly down in Asia

The dollar on Friday held on to most of the chunky gains it made the previous day, with key resistance levels in its grasp as tumbling commodity prices and a series of soft US data prompted profit-taking in higher-yielding currencies. While commodity pric
Published 07 May, 2011 12:00am
Sterling climbs

Sterling climbs

Sterling climbed against the euro and dollar on Friday after some investors bet that higher-than-expected UK producer prices could force the Bank of England to raise interest rates sooner than expected. Traders also said sterling was supported ahead of co
Published 07 May, 2011 12:00am
Yuan little changed

Yuan little changed

The yuan ended little changed against the dollar on Friday, after the People's Bank of China kept the currency relatively stable and the yuan is expected to push higher after next week's US-China economic dialogue. Spot yuan closed at 6.4938 versus the do
Published 07 May, 2011 12:00am
FTSE bounces back on US data

FTSE bounces back on US data

Britain's top shares rose on Friday, led by a rebound in miners after an unexpectedly strong US jobs report allayed fears about the economic recovery, setting the index up to test the key 6,000 level. The UK blue chip index closed up 56.79 points, or 1.0
Published 07 May, 2011 12:00am
US data drives European shares higher

US data drives European shares higher

European shares rallied on Friday after better-than-expected April US nonfarm payroll data improved investor confidence about the recovery and fund managers tipped equities for further progress. The pan-European FTSEurofirst 300 index of top shares closed
Published 07 May, 2011 12:00am
Taiwan stocks lower

Taiwan stocks lower

Taiwan stocks ended down 0.46 percent on Friday, as oil plays tumbled following a plunge in oil prices, despite a steadying of commodities prices in early Asia trading. The main TAIEX index finished down 41.38 points at 8,977.23 after opening down 0.23 pe
Published 07 May, 2011 12:00am
Nikkei suffers biggest loss since April 12

Nikkei suffers biggest loss since April 12

Japan's Nikkei average fell 1.5 percent on Friday as a rout in oil and commodity prices pummelled resource stocks and sent the yen higher, hurting shares of exporters, while caution ahead of US jobs data prompted profit-taking. The Nikkei suffered its big
Published 07 May, 2011 12:00am
Hong Kong, China shares down

Hong Kong, China shares down

Hong Kong and China shares edged lower on Friday on continuing weakness in energy stocks after the rout in commodity prices, although firmer bank and transportation counters saw benchmark indices settle above chart support levels. Turnover on the bourses
Published 07 May, 2011 12:00am
US bonds gain on economic worries

US bonds gain on economic worries

US Treasury debt prices rose on Thursday for a sixth straight session, as a surge in weekly claims for jobless benefits intensified worries over a faltering economic recovery. A drop in stocks and commodities prices also had investors buying into the lowe
Published 07 May, 2011 12:00am
US bonds gain on economic worries

US bonds gain on economic worries

US Treasury debt prices rose on Thursday for a sixth straight session, as a surge in weekly claims for jobless benefits intensified worries over a faltering economic recovery. A drop in stocks and commodities prices also had investors buying into the lowe
Published 07 May, 2011 12:00am
Australian shares resilient

Australian shares resilient

Australian stocks closed 0.2 percent lower on Friday after resilient financial services stocks helped cushion the blow from a slide in commodity prices which hit major resource players. Losses for major miners Rio Tinto and BHP Billiton, which both closed
Published 07 May, 2011 12:00am
Commodities rout forces Wall Street retreat

Commodities rout forces Wall Street retreat

US stocks fell for a fourth day on Thursday as a massive sell-off in commodities spilled into other markets, forcing investors out of riskier assets and rattling the equities market before Friday's payrolls data. Oil suffered the biggest one-day price dro
Published 07 May, 2011 12:00am
Friday's afternoon trade: jobs data lifts Wall Street

Friday's afternoon trade: jobs data lifts Wall Street

An unexpectedly strong report on US payrolls propelled stocks higher on Friday for the first time this week, but indexes retreated from highs after speculation Greece might leave the eurozone. But stocks came off highs after a German news report, later de
Published 07 May, 2011 12:00am
Sensex snaps nine-day losing streak

Sensex snaps nine-day losing streak

Indian shares posted their biggest weekly loss in more than three-and-a-half months, but bounced back 1.7 percent on Friday, after nine sessions of decline, as oil prices extended previous session's steep decline. Financials were the top gainers. Oil pric
Published 07 May, 2011 12:00am
Seoul shares dip

Seoul shares dip

Seoul shares dropped on Friday, weighed by steep falls in refining issues such as SK Innovation, as investors fretted over a plunge in commodities prices and cut positions ahead of US payrolls data. The Korea Composite Stock Price Index (KOSPI) finished d
Published 07 May, 2011 12:00am
Southeast Asian stocks end weaker

Southeast Asian stocks end weaker

All Southeast Asian stock markets extended losing streaks on Friday with Thailand plunging to a five-week closing low led by selling in energy shares amid falling global oil prices. Resuming trade after a second holiday this week, Thailand wavered 2.1 per
Published 07 May, 2011 12:00am
Hiring by US companies hits five-year high

Hiring by US companies hits five-year high

US companies created jobs at the fastest pace in five years in April, pointing to underlying strength in the economy, even as the jobless rate rose to 9.0 percent. Private sector hiring, including a big jump at retailers, boosted overall nonfarm payrolls
Published 07 May, 2011 12:00am
Asean considers giving Myanmar chair

Asean considers giving Myanmar chair

The Association of Southeast Asian Nations (Asean) is considering giving military-led Myanmar the chair of the grouping in 2014, despite grave concerns about human rights abuses and sham democracy. Senior Asean officials gathering in Jakarta ahead of a le
Published 07 May, 2011 12:00am
BP loses Arctic deal to its Russia subsidiary

BP loses Arctic deal to its Russia subsidiary

British energy giant BP said Friday that an arbitration panel has forced it to hand the Arctic exploration part of its tie-up with Rosneft to its Russian subsidiary TNK-BP. The British giant said the London panel has also ruled that the share swap portion
Published 07 May, 2011 12:00am
Eurozone bankers welcome oil drop, no policy shift signal

Eurozone bankers welcome oil drop, no policy shift signal

Eurozone central bankers welcomed a plunge in oil and commodities prices on Friday, saying it could cool inflation, but gave no sign they would change their determination to tighten monetary policy this year. "The fall in the price of oil and commodities
Published 07 May, 2011 12:00am
Sony chief executive apologises to gamers; shares fall

Sony chief executive apologises to gamers; shares fall

Sony Chief Executive Officer Howard Stringer apologised to users of its PlayStation Network and other online services, breaking his silence on the biggest Internet security break-in ever. Stringer's comments, which did not specify when services would resu
Published 07 May, 2011 12:00am
Sony chief executive apologises to gamers; shares fall

Sony chief executive apologises to gamers; shares fall

Sony Chief Executive Officer Howard Stringer apologised to users of its PlayStation Network and other online services, breaking his silence on the biggest Internet security break-in ever. Stringer's comments, which did not specify when services would resu
Published 07 May, 2011 12:00am
Greece denies report it considers leaving eurozone

Greece denies report it considers leaving eurozone

Greece is not considering leaving the eurozone, deputy Finance Minister Filippos Sachinidis said on Friday, strongly denying a German press report. "The report about Greece leaving the eurozone is untrue," Sachinidis told Reuters. "Such reports undermine
Published 07 May, 2011 12:00am
Washington Post profit down 67 percent

Washington Post profit down 67 percent

The Washington Post Co said Friday that revenue was flat in its newspaper publishing division in the first quarter but net profit fell by two-thirds on lower enrolment in its education business. The Post Co, which owns the Kaplan chain of schools and tele
Published 07 May, 2011 12:00am
Washington Post profit down 67 percent

Washington Post profit down 67 percent

The Washington Post Co said Friday that revenue was flat in its newspaper publishing division in the first quarter but net profit fell by two-thirds on lower enrolment in its education business. The Post Co, which owns the Kaplan chain of schools and tele
Published 07 May, 2011 12:00am
Goldman sees new oil rally

Goldman sees new oil rally

Goldman Sachs, which in April predicted this week's major correction in oil prices, said on Friday that oil could surpass its recent highs by 2012 as global oil supplies continue to tighten. The Wall Street bank, seen as one of the most influential in com
Published 07 May, 2011 12:00am
RBS core profit jump

RBS core profit jump

Royal Bank of Scotland said profits were improving at its core business and hefty Irish loan losses would start to decline in the second half of the year, sending its shares higher. RBS, 83-percent owned by the UK government following its bail-out during
Published 07 May, 2011 12:00am
RBS core profit jump

RBS core profit jump

Royal Bank of Scotland said profits were improving at its core business and hefty Irish loan losses would start to decline in the second half of the year, sending its shares higher. RBS, 83-percent owned by the UK government following its bail-out during
Published 07 May, 2011 12:00am
Obama, taking aim at Big Oil, says gas prices hurt

Obama, taking aim at Big Oil, says gas prices hurt

President Barack Obama said on Friday that high gasoline prices are sapping the spending power of Americans, as he tried to limit political fallout by linking it to public hostility toward oil companies. "We've got high gas prices, that have been eating a
Published 07 May, 2011 12:00am
SEC in J.P Morgan talks, subpoenas Credit Suisse

SEC in J.P Morgan talks, subpoenas Credit Suisse

J.P. Morgan Chase & Co is in "advanced discussions" with the US Securities and Exchange Commission to resolve a probe into its role in selling collateralized debt obligations, the bank said. Friday's disclosure by the second-largest US bank comes a day af
Published 07 May, 2011 12:00am
China cuts spending on railways

China cuts spending on railways

China will cut railway investment this year after a massive push to expand the country's high-speed network raised concerns over the government's heavy debt burden, state media said Friday. The railways ministry will invest 745.5 billion yuan ($114.8 bill
Published 07 May, 2011 12:00am
Modest trading activity seen on cotton market

Modest trading activity seen on cotton market

Modest business activity was seen on the cotton market on Friday as mills reluctantly making new deals of fine quality because they are very confident of fresh decline in the rates, dealers said. The Karachi Cotton Association (KCA) official spot rate was
Published 07 May, 2011 12:00am
Dry week raises worry about German grain crops

Dry week raises worry about German grain crops

Another hot, dry week in Germany is raising concerns about possible damage to crop yields in the European Union's second-largest wheat producer and largest rapeseed grower, analysts said on Friday. Germany's national weather service said only 38 percent o
Published 07 May, 2011 12:00am
Indonesia's April coffee bean exports almost double

Indonesia's April coffee bean exports almost double

Indonesia's robusta coffee beans exports from the main growing area in southern Sumatra nearly doubled in April compared to the same month a year ago, trade data showed on Thursday. Exporters shipped 23,247.05 tonnes of Sumatran robusta coffee in April, a
Published 07 May, 2011 12:00am
US Midwest bids for corn, soyabeans firm

US Midwest bids for corn, soyabeans firm

Spot basis bids for corn and soyabeans were steady to firm across the US Midwest on Thursday as farmers delayed sales and futures for each crop fell to the lowest levels in more than a month. Corn futures fell nearly 3 percent and soyabeans more than 2 pe
Published 07 May, 2011 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures dropped 1.4 percent on Thursday, their biggest drop in one week, as doubts about economic growth and demand hit commodities. Commodity markets suffered selling onslaught on concerns about US economy and fears of inflated prices
Published 07 May, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 60,219 tonnes of cargo including 28,808 tonnes of import cargo, 31,411 tonnes of export cargo and 2,946 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 28,808 tonnes comprise
Published 07 May, 2011 12:00am
US wheat futures sharply down

US wheat futures sharply down

Chicago Board of Trade wheat futures closed sharply lower on Thursday on pressure from broad-based commodities liquidation and a firm dollar as global investors move money to cash on concerns about tepid economic growth. USDA said export sales of US wheat
Published 07 May, 2011 12:00am
Rates unchanged on grain market

Rates unchanged on grain market

Rates were unchanged 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 07 May, 2011 12:00am
India's April oilmeal exports more than double

India's April oilmeal exports more than double

India's annual oilmeal exports more than doubled in April on robust demand from Vietnam and Japan, a leading trade body said on Friday, registering a sixth consecutive monthly rise. Annual sales to Vietnam rose for two months in a row as the Southeast Asi
Published 07 May, 2011 12:00am
ECO container train leaves for Turkey

ECO container train leaves for Turkey

ECO container Gul Train left Lahore Dry Port for Turkey Thursday night with 12 loaded containers, Pakistan Railways spokesman said, here on Friday. The train will reach its destination in 11 days. Prime Minister, Yousuf Raza Gilani had inaugurated goods t
Published 07 May, 2011 12:00am
Message from President of Pakistan

Message from President of Pakistan

On this auspicious occasion of golden jubilee celebrations of Zarai Taraqiati Bank Limited, I congratulate all its staff members and management for their efforts to make this institution a leading rural financial bank. World-wide agriculture sector is con
Published 07 May, 2011 12:00am
ECO container train leaves for Turkey

ECO container train leaves for Turkey

ECO container Gul Train left Lahore Dry Port for Turkey Thursday night with 12 loaded containers, Pakistan Railways spokesman said, here on Friday. The train will reach its destination in 11 days. Prime Minister, Yousuf Raza Gilani had inaugurated goods t
Published 07 May, 2011 12:00am
Message from Prime Minister of Pakistan

Message from Prime Minister of Pakistan

On the occasion of ZTBL Golden Jubilee, I wish to extend my greetings to the farmer's community and to the employees of the ZTBL for their services in developing the agriculture sector in the country. I also extend my compliments to the management of the
Published 07 May, 2011 12:00am
ECO container train leaves for Turkey

ECO container train leaves for Turkey

ECO container Gul Train left Lahore Dry Port for Turkey Thursday night with 12 loaded containers, Pakistan Railways spokesman said, here on Friday. The train will reach its destination in 11 days. Prime Minister, Yousuf Raza Gilani had inaugurated goods t
Published 07 May, 2011 12:00am
Message from President ZTBL

Message from President ZTBL

It is an occasion of great pride and joy that this year our bank is celebrating golden Jubilee. This prime institution has gone through the evolutionary process successfully since 1961 and now I feel proud to say that ZTBL is a leading specialized financi
Published 07 May, 2011 12:00am
Power tariff raised by two percent per unit

Power tariff raised by two percent per unit

The federal government has increased power tariff by 2 percent per unit across the board aimed at minimising the gap between the cost and delivery to the end consumers. This raise has been notified at a time when the country is facing the worst ever load
Published 07 May, 2011 12:00am
Power tariff raised by two percent per unit

Power tariff raised by two percent per unit

The federal government has increased power tariff by 2 percent per unit across the board aimed at minimising the gap between the cost and delivery to the end consumers. This raise has been notified at a time when the country is facing the worst ever load
Published 07 May, 2011 12:00am
'They never allowed their children to buy Coca Cola or Pepsi Cola'

'They never allowed their children to buy Coca Cola or Pepsi Cola'

Hiding for years behind the high walls constructed with grey cement blocks and topped with barbed wire, Osama bin Laden, with the assistance of his two aides, behaved in such a way that his neighbours seldom found anything mysterious about the otherwise u
Published 07 May, 2011 12:00am
Power tariff raised by two percent per unit

Power tariff raised by two percent per unit

The federal government has increased power tariff by 2 percent per unit across the board aimed at minimising the gap between the cost and delivery to the end consumers. This raise has been notified at a time when the country is facing the worst ever load
Published 07 May, 2011 12:00am
'Growing up Bin Laden'

'Growing up Bin Laden'

The co-author of a memoir by Osama bin Laden's son and one of his wives shares the reaction of the family and her thoughts on the news-and what he means to them. I spoke with Omar bin Laden [the fourth child of Najwa and Osama bin Laden] and his wife over
Published 07 May, 2011 12:00am
KARACHI CHRONICLE: Fisherfolk of the world

KARACHI CHRONICLE: Fisherfolk of the world

On April 27 the fifth general assembly of the World Forum of Fisher People (WFFP) was hosted in Karachi by the Pakistan Fisherfolk Forum (PFF). There were representatives from India, Sri Lanka, Canada, South Africa, Spain, Senegal, Mali, Guinea, France, T
Published 07 May, 2011 12:00am
LITERARY NOTES: Dr Baloch: a great scholar and humanist

LITERARY NOTES: Dr Baloch: a great scholar and humanist

Dr Nabi Bakhsh Baloch (1917-2011) has bid us adieu only to prove that an eventful life could do wonders if lived productively. He was truly a scholar Sindh could be proud of. His magnum opus is a commentary Kalam-i-Latif and Shah Jo Risalo. I believe that
Published 07 May, 2011 12:00am
ART FACTS: Interpreting nature's beauty

ART FACTS: Interpreting nature's beauty

Life is nature and nature is beauty and flower is a symbol of beauty. Flowers are a beautiful gift of nature that has been cultivated in our memories for the time immemorial. Mona Naqsh is a painter who chose flowers as a subject for her artistic career a
Published 07 May, 2011 12:00am
Levy of 'GAT' on properties: FBR informs RAC of legal hitch

Levy of 'GAT' on properties: FBR informs RAC of legal hitch

The Federal Board of Revenue (FBR) has informed the Revenue Advisory Council (RAC) that the imposition of the Gross Asset Tax (GAT) on the immovable property would not be legally possible after the 18thAmendment. Sources told Business Recorder here
Published 07 May, 2011 12:00am
Dear mother: you know it all

Dear mother: you know it all

Mother - child relationship holds a prominent place in all cultures and civilisations. To admit mother's prosperity and her motherhood people around the world celebrate Mother's Day on different days in the month of March, April and May. In Pakistan, alth
Published 07 May, 2011 12:00am
Levy of 'GAT' on properties: FBR informs RAC of legal hitch

Levy of 'GAT' on properties: FBR informs RAC of legal hitch

The Federal Board of Revenue (FBR) has informed the Revenue Advisory Council (RAC) that the imposition of the Gross Asset Tax (GAT) on the immovable property would not be legally possible after the 18thAmendment. Sources told Business Recorder here
Published 07 May, 2011 12:00am
BRIDGE NOTES: Use the bait to hook

BRIDGE NOTES: Use the bait to hook

Bridge is a logical game. So much depends on all the logical assumptions you make to judge which way the cards possibly lie and to what extent and direction is the high card point stack leaning against you. May a time players rely on useful inferences gat
Published 07 May, 2011 12:00am
Levy of ''GAT'' on properties: FBR informs RAC of legal hitch

Levy of ''GAT'' on properties: FBR informs RAC of legal hitch

The Federal Board of Revenue (FBR) has informed the Revenue Advisory Council (RAC) that the imposition of the Gross Asset Tax (GAT) on the immovable property would not be legally possible after the 18thAmendment. Sources told Business Recorder here
Published 07 May, 2011 12:00am
Switzerland 'freezes' Russian accounts in tax probe

Switzerland 'freezes' Russian accounts in tax probe

Swiss authorities have frozen the Credit Suisse accounts of the husband of a Russian tax official who allegedly embezzled millions from a top Western investment fund, the company's head said on Friday. "We have been made aware from sources close to the in
Published 07 May, 2011 12:00am
New York cotton

New York cotton

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

Published 07 May, 2011 12:00am
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