BR100 Decreased By (-0.81%)
BR30 Decreased By (-1.11%)
KSE100 Decreased By (-0.81%)
KSE30 Decreased By (-0.81%)
AGHA 7.59 Decreased By ▼ -0.10 (-1.3%)
BECO 5.51 Increased By ▲ 0.27 (5.15%)
BML 59.08 Decreased By ▼ -1.14 (-1.89%)
BOP 34.11 Decreased By ▼ -1.17 (-3.32%)
CNERGY 12.84 Decreased By ▼ -0.29 (-2.21%)
CSIL 6.10 Decreased By ▼ -0.01 (-0.16%)
FCCL 57.66 Decreased By ▼ -0.31 (-0.53%)
FFL 16.20 Decreased By ▼ -0.22 (-1.34%)
FNEL 1.21 Increased By ▲ 0.01 (0.83%)
KEL 7.48 No Change ▼ 0.00 (0%)
KOSM 5.94 Decreased By ▼ -0.10 (-1.66%)
LOTCHEM 27.99 Increased By ▲ 0.24 (0.86%)
MLCF 100.65 Decreased By ▼ -2.33 (-2.26%)
NBP 203.75 Decreased By ▼ -2.29 (-1.11%)
NCPL 60.57 Decreased By ▼ -1.67 (-2.68%)
NPL 69.96 Decreased By ▼ -1.33 (-1.87%)
OGDC 320.29 Decreased By ▼ -3.49 (-1.08%)
PACE 11.10 Decreased By ▼ -0.41 (-3.56%)
PAEL 43.12 Decreased By ▼ -0.78 (-1.78%)
PIBTL 16.56 Decreased By ▼ -0.12 (-0.72%)
PPL 228.84 Decreased By ▼ -0.63 (-0.27%)
PRL 71.02 Increased By ▲ 0.91 (1.3%)
PTC 71.65 Decreased By ▼ -0.50 (-0.69%)
SSGC 26.68 Decreased By ▼ -0.43 (-1.59%)
TBL 9.81 Decreased By ▼ -0.05 (-0.51%)
TELE 8.61 Decreased By ▼ -0.11 (-1.26%)
TPL 22.24 Decreased By ▼ -0.38 (-1.68%)
TPLP 15.11 Decreased By ▼ -0.57 (-3.64%)
TREET 24.13 Decreased By ▼ -0.08 (-0.33%)
TRG 59.84 Decreased By ▼ -1.29 (-2.11%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Archive - 2011-05-21
Gold jumps to Rs42,514
Markets

Gold jumps to Rs42,514

KARACHI : Gold jumped by Rs 600 to Rs 42,514 per 10 grams in local bullion market Saturday, as its international pric
Published 21 May, 2011 05:33pm
Zambia GDP grow to above 7pct
Top News

Zambia GDP grow to above 7pct

LUSAKA : Zambia 's economy is likely to grow beyond 7.0 percent in 2011 largely driven by investments in mining and
Published 21 May, 2011 11:06am
Greece mulls more wage cuts
Europe

Greece mulls more wage cuts

ATHENS : Greece is considering deeper cuts in public sector wages and further tax increases on a range of products
Published 21 May, 2011 10:07am
Pak-US-Afghan meeting in Kabul next week
Top News

Pak-US-Afghan meeting in Kabul next week

ISLAMABAD : Foreign Secretary Salman Bashir will lead Pakistan 's delegation to "Trilateral Meeting" of senior official
Published 21 May, 2011 12:00am
Ahmadinejad oil ministry move illegal: Iran watchdog

Ahmadinejad oil ministry move illegal: Iran watchdog

Iran's constitutional watchdog has said President Mahmoud Ahmadinejad's decision to appoint himself caretaker oil minister is illegal, the semi-official Fars news agency reported on Friday. Ahmadinejad, who has been embroiled in a power struggle with othe
Published 21 May, 2011 12:00am
Indian coalition lawmaker in custody over graft case

Indian coalition lawmaker in custody over graft case

An Indian court sent the daughter of a key government ally on Friday to jail pending trial on charges she handled a $47 million bribe in the country's biggest corruption case. But her party's recent election defeat will likely mean it stays in the federal
Published 21 May, 2011 12:00am
US biggest loser from Middle East upheaval: Iran

US biggest loser from Middle East upheaval: Iran

Iran called the United States the biggest loser from the upheaval in the Middle East on Friday, a day after President Barack Obama made a speech reaching out to Arab people seeking greater democracy. The Islamic Republic, which crushed opposition protests
Published 21 May, 2011 12:00am
New Indian leader replaces Marxist in key state

New Indian leader replaces Marxist in key state

Firebrand Indian politician Mamata Banerjee was sworn in Friday as chief minister of India's West Bengal state after she ended 34 years of communist rule in a historic election victory last week. Banerjee, 56, took the oath of office after voters in the i
Published 21 May, 2011 12:00am
Russia tests nuclear missile amid war of words with US

Russia tests nuclear missile amid war of words with US

Russia conducted its second intercontinental ballistic missile test in less than a month on Friday as it stepped up its campaign against a US-backed interceptor system for Europe. News reports said the Sineva missile was launched from a Russian submarine
Published 21 May, 2011 12:00am
Qantas flight in mid-air engine shut down

Qantas flight in mid-air engine shut down

A Qantas jet was stranded in Bangkok Friday after crew were forced to shut down one engine, the latest headache for an airline troubled by rising costs and the threat of strikes. The Boeing 747 carrying 308 passengers had been bound for London, but turned
Published 21 May, 2011 12:00am
Over 1,700 Taliban give up their arms: Nato

Over 1,700 Taliban give up their arms: Nato

More than 1,700 former Taliban combatants have turned in their weapons to join a reintegration program started by the Afghan government nearly a year ago, the Nato general in charge of the program said Thursday. "So far we've got about 1,740 former fighte
Published 21 May, 2011 12:00am
UN Assembly elects 15 new Human Rights Council members

UN Assembly elects 15 new Human Rights Council members

Kuwait and Congo were among 15 countries elected by the UN General Assembly on Friday to serve in the UN Human Rights Council, but their inclusion was criticised by human rights advocates. The 15 countries are to serve three-year terms in the 47-nation co
Published 21 May, 2011 12:00am
Nato sinks Qadhafi ships, intercepts oil tanker

Nato sinks Qadhafi ships, intercepts oil tanker

Nato has sunk eight Libyan warships and intercepted a fuel tanker it believed was heading for the military, the alliance said on Friday, in a marked escalation of a Western-led bombing campaign. The Western alliance, working under a UN mandate to protect
Published 21 May, 2011 12:00am
Former Labour minister jailed

Former Labour minister jailed

A former Labour minister was jailed for 16 months on Friday after admitting dishonestly claiming 30,000 pounds of parliamentary expenses for mortgage repayments, including for a loan that had already been paid off. Elliot Morley, who was fisheries and lat
Published 21 May, 2011 12:00am
US admits Japanese, American internment 'mistake'

US admits Japanese, American internment 'mistake'

The US Justice Department recognised Friday that "mistakes" were made in its legal defence of the forced relocation and internment of Japanese-Americans during World War II. Following the 1947 attack on Pearl Harbour in Hawaii by the Imperial Japanese Nav
Published 21 May, 2011 12:00am
Al Qaeda eyed attacks on oil sector: US

Al Qaeda eyed attacks on oil sector: US

Al Qaeda considered attacks on US oil and gas infrastructure as late as last year, according to documents seized from its ex-leader Osama bin Laden's compound, officials said Friday. But officials were also quick to stress that there was no specific or im
Published 21 May, 2011 12:00am
Tepco chief quits after $15 billion loss

Tepco chief quits after $15 billion loss

Tokyo Electric Power Co reported a $15 billion net loss on Friday to account for the disaster at its Fukushima nuclear plant, marking the biggest loss in Japan by a non-financial company and prompting the firm to warn its future was uncertain.
Published 21 May, 2011 12:00am
Europe races to claim top job at IMF

Europe races to claim top job at IMF

European leaders raced on Friday to nominate a successor for fallen IMF chief Dominique Strauss-Kahn before a G8 summit next week, with French Economy Minister Christine Lagarde in pole position. As Europe rallied around Lagarde as their most likely choic
Published 21 May, 2011 12:00am
India's IMF director hits method for naming chief

India's IMF director hits method for naming chief

India's IMF director on Thursday said the institution needs to revamp how it chooses it managing director, after decades of as "consensus" that let Europeans monopolise the top position. Hours after the resignation of International Monetary Fund chief Dom
Published 21 May, 2011 12:00am
NYSE strongly interested in Shanghai listing: chairman

NYSE strongly interested in Shanghai listing: chairman

The New York Stock Exchange is working with China to launch the country's international board that will allow foreign firms to list on the mainland, in a move seen as a crucial step in developing its capital markets. Chinese officials have yet to provide
Published 21 May, 2011 12:00am
Tata Steel to axe up to 1,500 jobs in Britain

Tata Steel to axe up to 1,500 jobs in Britain

Indian steelmaker Tata Steel is to axe up to 1,500 jobs at two sites in north-eastern England, the company announced Friday as it blamed weak demand for its products. Tata said it would close or mothball its Scunthorpe plant, risking the loss of 1,200 pos
Published 21 May, 2011 12:00am
Eurozone consumer confidence rises

Eurozone consumer confidence rises

Eurozone consumer confidence rose in May, figures released on Friday showed, offering hope that a relatively robust industry recovery is feeding through to households in the 17-country single currency area. The European Commission said a flash estimate sh
Published 21 May, 2011 12:00am
US states cut money sent to cities, counties

US states cut money sent to cities, counties

To balance their budgets, US states are cutting funds they send to local governments, worrying many in the $2.9 trillion municipal bond market, from cities to rating agencies. Fitch Ratings said in a report on Friday that school districts and counties wil
Published 21 May, 2011 12:00am
Fitch downgrades Greece

Fitch downgrades Greece

Fitch Ratings downgraded Greece's long-term foreign and local currency issuer default ratings on Friday to 'B+' from 'BB+ and put the ratings on rating watch negative, it said. The rating downgrade reflects the scale of the challenge facing Greece in impl
Published 21 May, 2011 12:00am
Fitch downgrades Greece

Fitch downgrades Greece

Fitch Ratings downgraded Greece's long-term foreign and local currency issuer default ratings on Friday to 'B+' from 'BB+ and put the ratings on rating watch negative, it said. The rating downgrade reflects the scale of the challenge facing Greece in impl
Published 21 May, 2011 12:00am
World's biggest ship to chill Australian gas for Asia

World's biggest ship to chill Australian gas for Asia

Shell is to anchor the world's biggest ship - six times heavier than the largest aircraft carrier - off Australia to supply liquefied natural gas to energy-hungry Asia in a project likely to cost over $10 billion. Royal Dutch Shell expects to start chilli
Published 21 May, 2011 12:00am
BP cuts oil spill burden with $1.1 billion Mitsui deal

BP cuts oil spill burden with $1.1 billion Mitsui deal

BP struck a key victory in its battle to share the cost of the Gulf of Mexico oil spill when partner Mitsui & Co agreed on Friday to pay $1.1 billion towards the clean-up bill and possibly billions more in fines. Japanese trading house Mitsui's exploratio
Published 21 May, 2011 12:00am
More Merkel allies urge parliament role in bailouts

More Merkel allies urge parliament role in bailouts

German Chancellor Angela Merkel's conservative allies want national parliaments to have a bigger say in decisions to bail out eurozone countries, one of its leaders said on Friday. With concern growing in Merkel's coalition at the prospect of funding a se
Published 21 May, 2011 12:00am
Bank-style rules could ramp up money fund risks

Bank-style rules could ramp up money fund risks

Regulation aimed at making the global financial system safer may spell trouble for Europe's 1 trillion euro ($1.4 billion) money market funds sector, where managers are handing assets to bigger rivals, pushing more risk into fewer hands.
Published 21 May, 2011 12:00am
Bank-style rules could ramp up money fund risks

Bank-style rules could ramp up money fund risks

Regulation aimed at making the global financial system safer may spell trouble for Europe's 1 trillion euro ($1.4 billion) money market funds sector, where managers are handing assets to bigger rivals, pushing more risk into fewer hands.
Published 21 May, 2011 12:00am
75,000 titles sold during three-day PU book fair

75,000 titles sold during three-day PU book fair

A record 75,000 titles were sold during the three days of PU book fair organised by the administration, faculty and students. Vice-Chancellor Professor Dr Mujahid Kamran has said that the number of books sold on book fair showed the students and people st
Published 21 May, 2011 12:00am
Parliamentary panel drubs NHA for corruption, slow progress

Parliamentary panel drubs NHA for corruption, slow progress

A parliamentary panel on Thursday drubbed National Highway Authority (NHA) for its lame duck progress on various road projects, saying rampant corruption sans development was the most favourite subject of the authority. The special committee of National A
Published 21 May, 2011 12:00am
Supreme Court sets aside 15-year term of two persons

Supreme Court sets aside 15-year term of two persons

A bench of the Supreme Court (SC) here on Friday set aside 15 years imprisonment handed down to Faqir Muhammad and Ramzan for cutting nose, lips and sensitive part of a man awarded by a sessions court. Bench comprising Justice MA Shahid Siddiqui and Justi
Published 21 May, 2011 12:00am
PTA, FIA bust illegal gateway exchange

PTA, FIA bust illegal gateway exchange

Pakistan Telecommunication Authority (PTA) alongwith Federal Investigation agency (FIA) has conducted a successful raid in Lahore and seized a functional illegal gateway exchange. According to details PTA and FIA teams through combined efforts not only tr
Published 21 May, 2011 12:00am
UK former foreign secretary meets Hina

UK former foreign secretary meets Hina

Minister of State for Foreign Affairs, Hina Rabbani Khar met David Miliband, Former Foreign Secretary of the British Foreign and Commonwealth Office on Friday. They exchanged views on the state of bilateral relations and expressed satisfaction at the regu
Published 21 May, 2011 12:00am
Three killed in separate incidents in city

Three killed in separate incidents in city

Three persons including a woman were killed in separate incidents in different parts of the metropolis here on Friday. According to details, a woman was crushed to death by a passenger bus, PE-0982, while 16 others injured near Lasbela Bridge in the limit
Published 21 May, 2011 12:00am
Rajasthan give Warne winning send-off

Rajasthan give Warne winning send-off

Australian leg-spin wizard Shane Warne quit professional cricket on Friday after leading Rajasthan Royals to a 10-wicket win over Mumbai Indians in his farewell Indian Premier League match. Rajasthan, already out of contention, rode on Shane Watson's all-
Published 21 May, 2011 12:00am
Shane Warne highs and lows

Shane Warne highs and lows

Highs and lows from the career of Australian spin-bowler Shane Warne, who retires from cricket on Friday. September 13, 1969: Shane Keith Warne born in Ferntree Gully, Australia January 1992: Takes meagre 1-150 on his Test debut against India in Sydney Ju
Published 21 May, 2011 12:00am
Abdul Qadir salutes 'diamond' Warne

Abdul Qadir salutes 'diamond' Warne

Pakistan's legendary leg-spinner Abdul Qadir saluted Shane Warne on Friday, hailing the Australian as a "diamond" who left an indelible impression on the game with his exemplary skill. "I found Shane a great human being and a great cricketer. I use the wo
Published 21 May, 2011 12:00am
Martin Crowe aims for return at 49

Martin Crowe aims for return at 49

Former New Zealand cricket captain Martin Crowe, who retired 15 years ago, is to play club cricket later this year with the ultimate aim of playing first class cricket at the age of 49. Crowe, who made his first class debut as a 17-year-old in 1979, said
Published 21 May, 2011 12:00am
Pakistan trio to face October trial

Pakistan trio to face October trial

Three Pakistan Test cricketers accused of corruption will stand trial in Britain on October 4, a court ruled Friday. Former captain Salman Butt and fast bowlers Mohammad Asif and Mohammad Aamer have been charged with conspiracy to cheat and conspiracy to
Published 21 May, 2011 12:00am
Blatter woos African voters

Blatter woos African voters

FIFA president Sepp Blatter arrived here Friday to meet African football chiefs as his campaign for another four-year term moves into overdrive. The 75-year-old Blatter is slugging it out with Qatari billionaire Mohamed bin Hammam, 13 years his junior, fo
Published 21 May, 2011 12:00am
Anelka sues newspaper over World Cup rant

Anelka sues newspaper over World Cup rant

Former France striker Nicolas Anelka began his 150,000-euro libel action against French newspaper L'Equipe on Friday for their reporting of his foul-mouthed World Cup rant at former coach Raymond Domenech. The Chelsea striker is also demanding that a fron
Published 21 May, 2011 12:00am
Rampaul rocks Pakistan

Rampaul rocks Pakistan

Pakistan's top-order batting was again undermined by Ravi Rampaul, as the visitors limped to 46 for three in their first innings at lunch in the second Test against West Indies on Friday. Azhar Ali and Pakistani captain Misbah-ul-Haq were both not out on
Published 21 May, 2011 12:00am
Djokovic faces hazardous route at French Open

Djokovic faces hazardous route at French Open

Novak Djokovic's route to a maiden title at Roland Garros and the world number one ranking could be a hazardous one following Friday's draw for the French Open which starts on Sunday. The Serbian second seed, unbeaten in 37 matches this season, is favouri
Published 21 May, 2011 12:00am
Sharapova picks out Clijsters as favourite

Sharapova picks out Clijsters as favourite

Maria Sharapova's victory in Rome last week has marked her out as a serious title contender at the French Open but the Russian former world number one says Kim Clijsters is the player to beat. Belgian Clijsters was a major doubt for the tournament after i
Published 21 May, 2011 12:00am
One down, two to go as 'Survival Sunday' looms

One down, two to go as 'Survival Sunday' looms

Five teams will be fighting for survival on Sunday as the English Premier League reaches its climax with what is poised to be one of the most fraught relegation battles in years. With Manchester United wrapping up a record 19th title last week, the final
Published 21 May, 2011 12:00am
Eonia rates my stay elevated

Eonia rates my stay elevated

Overnight eurozone borrowing rates may stay elevated until later in the ECB's maintenance period, despite excess liquidity, as banks hoard cash on concerns Greece's debt will be restructured. The Eonia overnight rate has pushed higher this week - reaching
Published 21 May, 2011 12:00am
Ringgit, won leads gains

Ringgit, won leads gains

The Malaysian ringgit and the South Korean won led gains on Friday, helped by exporters and as speculators entered long positions in the currencies with slowly revived risk appetite supporting regional stocks and the euro. Trading was subdued however, as
Published 21 May, 2011 12:00am
Indian rupee down

Indian rupee down

The Indian rupee ended a tad lower on Friday after moving in a tight band, as the dollar's gains overseas and importers' demand for the greenback offset positive local shares. The partially convertible rupee ended at 45.0100/0200 per dollar, marginally we
Published 21 May, 2011 12:00am
Australian and New Zealand dollars stay up

Australian and New Zealand dollars stay up

The Australian and New Zealand dollars held firm near one-week highs against the greenback on Friday and outperformed a broadly weaker yen, driven by Japanese retail selling. But the Antipodeans were trapped in tight ranges amid a lack of fresh cues.
Published 21 May, 2011 12:00am
Swiss franc little moved

Swiss franc little moved

The Swiss franc was little moved against the euro and the dollar on Friday as investors began to see a complete restructuring of Greek debt as less likely and investor risk appetite remained steady. Eurozone governments are considering a plan to prevent a
Published 21 May, 2011 12:00am
Dollar dips, euro up

Dollar dips, euro up

The dollar slid on Thursday as weak US economic data affirmed expectations the Federal Reserve will keep monetary policy ultra-loose for a while, keeping interest rates for the greenback very low compared with higher yielding currencies. The Fed is widely
Published 21 May, 2011 12:00am
Midday trade in New York: Euro drops versus dollar

Midday trade in New York: Euro drops versus dollar

The euro tumbled against the dollar on Friday after four straight days of gains, stung by a cascade of negative news on Greece, ranging from a Fitch rating downgrade to Norway suspending a grant payment. The Greece headlines also prompted a sell-off in st
Published 21 May, 2011 12:00am
Euro falls in London

Euro falls in London

The euro fell against the dollar on Friday as wariness about disagreements on how to tackle Greece's debt and ahead of a Spanish regional elections caused investors to cut back bullish euro bets before the weekend. A weekly close below the euro's 55-day a
Published 21 May, 2011 12:00am
Euro clings to gains in Asia

Euro clings to gains in Asia

The euro eased against the dollar on Friday, but held on to much of the gains it made the previous day after some weak US economic data underscored expectations that the Federal Reserve will keep interest rates near zero for a while. The dollar struggled
Published 21 May, 2011 12:00am
Sterling slips

Sterling slips

Sterling slipped against the dollar on Friday, tracking a fall in the euro as investors suddenly piled into the US currency, which often benefits in risk-averse markets. Traders said investors were getting jittery about demand for euro zone assets as Fitc
Published 21 May, 2011 12:00am
Yuan strengthens

Yuan strengthens

The yuan strengthened for a third day against the dollar on Friday after China set a firmer mid-point, fuelling expectations that the Chinese currency could reach another record high soon. Dealers said the yuan was strongly poised to break through resista
Published 21 May, 2011 12:00am
Banks lead FTSE down

Banks lead FTSE down

Weak banks pushed Britain's top shares lower on Friday, with the financial sector taking a knock after ratings agency Fitch downgraded Greece's credit rating, further fuelling fears the country will have to restructure its debt. On the upside, BP rose 2.7
Published 21 May, 2011 12:00am
Australian shares sag

Australian shares sag

Australian stocks closed 0.5 percent weaker on Friday after easing commodity prices dragged down the mining sector although the sentiment remained positive following solid gains for the week. BHP Billiton and Rio Tinto fell 1.7 percent and 1.1 percent res
Published 21 May, 2011 12:00am
Taiwan stocks dip

Taiwan stocks dip

Taiwan stocks fell 0.63 percent on Friday, ending the week with a 1.9 percent decline, amid a global sell down on concerns over the health of the US economy and Greece's debt situation. The main TAIEX index fell 55.85 points at 8,837.03. The tourism sub-i
Published 21 May, 2011 12:00am
European shares down

European shares down

European shares fell on Friday, with investors reducing their exposure to riskier assets as concerns over the eurozone debt crisis intensified after ratings agency Fitch downgraded Greece's credit rating. Traders said a lack of positive drivers in the mar
Published 21 May, 2011 12:00am
Hong Kong shares up, Shanghai flat

Hong Kong shares up, Shanghai flat

Hong Kong shares inched higher on Friday but was susceptible to declines next week if weakness in large caps and persistently low turnover send the benchmark below the 200-day moving average, a support level that has largely held firm this year. The tradi
Published 21 May, 2011 12:00am
Seoul shares rebound

Seoul shares rebound

Seoul shares rebounded on Friday after sharp falls in the previous session, but a seventh straight session of foreign selling capped gains. Foreign investors were net sellers of 117.2 billion won ($107.9 million) worth of stocks, setting their longest sel
Published 21 May, 2011 12:00am
Treasuries slightly up

Treasuries slightly up

US Treasuries prices ended slightly higher on Thursday as buyers took advantage of earlier weakness as an opportunity to add bonds, though some analysts warned the market's six-week rally was near an end. US government debt yields rose to their highest in
Published 21 May, 2011 12:00am
Treasuries slightly up

Treasuries slightly up

US Treasuries prices ended slightly higher on Thursday as buyers took advantage of earlier weakness as an opportunity to add bonds, though some analysts warned the market's six-week rally was near an end. US government debt yields rose to their highest in
Published 21 May, 2011 12:00am
US stocks rise; LinkedIn soars in debut

US stocks rise; LinkedIn soars in debut

US stocks overcame disappointing economic data on Thursday and ended the day in positive territory, while a dazzling market launch by LinkedIn revived dreams of another dot-com boom. The Dow Jones Industrial Average rose 45.14 points (0.36 percent) to clo
Published 21 May, 2011 12:00am
Friday's early afternoon trade: Wall Street cuts losses

Friday's early afternoon trade: Wall Street cuts losses

US stocks fell on Friday, as shares of large multinationals sensitive to the dollar fell in sync with the euro on the eurozone's debt problems and retailers lost ground after a weak profit outlook from Gap. Gap Inc plummeted 16.5 percent to $19.44 after s
Published 21 May, 2011 12:00am
Nikkei edges lower

Nikkei edges lower

The Nikkei stock average edged lower in thin trade on Friday but many investors moved to the sidelines saying the benchmark may stay stuck in recent narrow ranges as the furious debate over future of Japan's power industry hangs over the market.
Published 21 May, 2011 12:00am
Indian shares rise

Indian shares rise

India's main share market index gained 1 percent on Friday to post its biggest gain in a week, bolstered by strong global markets, but lingering worries about surging inflation and interest rates are seen weighing on sentiment in the near term. The market
Published 21 May, 2011 12:00am
Most Southeast Asian stocks retreat

Most Southeast Asian stocks retreat

Most Southeast Asian stock markets retreated on Friday and ended the week little changed as volatility in commodities dragged on sentiment in resource shares, although consumer-related sectors attracted buying interest. Risk aversion remained high because
Published 21 May, 2011 12:00am
EBRD warns of headwinds in former Soviet region

EBRD warns of headwinds in former Soviet region

The European bank in charge of assisting growth in ex-Soviet bloc nations warned on Friday of stiff headwinds facing the region as it tries to match the soaring growth ratess in other emerging economies The European Bank for Reconstruction and Development
Published 21 May, 2011 12:00am
ArcelorMittal to expand Quebec iron ore mining

ArcelorMittal to expand Quebec iron ore mining

Top global steelmaker ArcelorMittal announced Friday a CAN$2.1 billion ($2.2 billion, 725 million euro) investment to expand iron ore production in the Canadian province of Quebec that will create 8,000 jobs. "The investment will allow ArcelorMittal Mines
Published 21 May, 2011 12:00am
Chile, Sweden ink mining, forestry agreements

Chile, Sweden ink mining, forestry agreements

Chilean President Sebastian Pinera and Swedish Prime Minister Fredrik Reinfeldt on Thursday signed co-operation agreements on mining, forestry and "green technologies." Reinfeldt, concluding a four-day official trip to Brazil and Chile, spoke earlier Thur
Published 21 May, 2011 12:00am
Canada's data eases rate-hike pressure

Canada's data eases rate-hike pressure

Softer than expected inflation and retail sales data from Statistics Canada reduced some of the imperative for the Bank of Canada to raise interest rates and also knocked the Canadian dollar lower on Friday. Markets had feared more inflationary pressure a
Published 21 May, 2011 12:00am
Malawi to cut spending after British aid freeze

Malawi to cut spending after British aid freeze

Malawi will introduce austerity measures this year to deal with a hole in its budget left by the freezing of $550 million in British aid over the next four years, Finance Minister Ken Kandodo said on Friday. Britain was Malawi's single largest bilateral d
Published 21 May, 2011 12:00am
Drought in EU and US stressing crops and farmers

Drought in EU and US stressing crops and farmers

Drought from Paris, France to Paris, Texas has farmers and grain dealers looking upwards. The farmers are looking to the skies for rain and the dealers are wondering where rising grain prices are going to stop. US wheat prices are on their way to their bi
Published 21 May, 2011 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Thursday to extend their longest winning streak in two months, as rain slowed planting on the Canadian Prairies, where progress is already behind schedule. Top canola-growing province Saskatchewan has planted 20 percent
Published 21 May, 2011 12:00am
Rates unchanged on grain, seed market

Rates unchanged on grain, seed market

Rates on the wholesales grain and seed market were firm on Friday as buyers were busy in preparations for Juma prayers, grain and seed merchants group's release said.
Published 21 May, 2011 12:00am
Business slows down as prices ease on New York cotton market

Business slows down as prices ease on New York cotton market

As a result of sharp fall in the NYE cotton futures, activity slowed down as leading buyers kept to the sideline, expecting sympathetic decline locally, brokers said on Friday. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 8,
Published 21 May, 2011 12:00am
India withdraws 'most wanted' list after blunders

India withdraws 'most wanted' list after blunders

India has withdrawn a list of "most-wanted" fugitives allegedly being sheltered in Pakistan after the government learnt that at least two were in India - one of them in prison. Feroz Abdul Khan, whose name featured on the list of 50 top criminals said to
Published 21 May, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 133,475 tonnes of cargo including 72,935 tonnes of import cargo, 60,540 tonnes of export cargo and 3,397 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 72,935 tonnes compris
Published 21 May, 2011 12:00am
India withdraws 'most wanted' list after blunders

India withdraws 'most wanted' list after blunders

India has withdrawn a list of "most-wanted" fugitives allegedly being sheltered in Pakistan after the government learnt that at least two were in India - one of them in prison. Feroz Abdul Khan, whose name featured on the list of 50 top criminals said to
Published 21 May, 2011 12:00am
Wheat prices fall back

Wheat prices fall back

Wheat prices slipped back on Friday as the market suffered a downward correction following this week's surge to a three-month high, while corn held steady due to strong US exports. Dealers said the wheat market remained underpinned, however, by diminishin
Published 21 May, 2011 12:00am
Budget likely in first week of June

Budget likely in first week of June

The government is likely to announce federal budget 2011-12 in the first week of June, it is learnt on Friday. The government has also postponed meetings of the National Economic Council (NEC) and the Revenue Advisory Council (RAC), scheduled to be held o
Published 21 May, 2011 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Hard red winter wheat basis bids were steady on Friday in a continued quiet market as harvest pushed northward. Kansas Association of Wheat Growers and the Kansas Wheat Commission issued a report Thursday afternoon estimating harvest in that state will be
Published 21 May, 2011 12:00am
Budget likely in first week of June

Budget likely in first week of June

The government is likely to announce federal budget 2011-12 in the first week of June, it is learnt on Friday. The government has also postponed meetings of the National Economic Council (NEC) and the Revenue Advisory Council (RAC), scheduled to be held o
Published 21 May, 2011 12:00am
French wheat output likely to fall 11.5 percent

French wheat output likely to fall 11.5 percent

A three-month drought that has scorched French wheat crops this year led analyst Agritel to forecast that the country's output could fall by 11.5 percent from last year's total to 31.7 million tonnes. In its first estimate for the 2011/2012 harvest, the F
Published 21 May, 2011 12:00am
Budget likely in first week of June

Budget likely in first week of June

The government is likely to announce federal budget 2011-12 in the first week of June, it is learnt on Friday. The government has also postponed meetings of the National Economic Council (NEC) and the Revenue Advisory Council (RAC), scheduled to be held o
Published 21 May, 2011 12:00am
Europe's cocoa prices fall in thin trade

Europe's cocoa prices fall in thin trade

Europe's fresh cocoa prices fell in thin trade this week as buyers waited to learn more about the quality of Ivory Coast cocoa beans before making new purchases, traders said. Ivory Coast, the world's top cocoa producer, resumed cocoa exports earlier this
Published 21 May, 2011 12:00am
Pakistan and China to broaden strategic partnership

Pakistan and China to broaden strategic partnership

China on Friday termed Pakistan an important state of the region and called for respecting its sovereignty, independence and territorial integrity. A joint statement issued simultaneously from Islamabad and Beijing at the end of Prime Minister Syed Yousuf
Published 21 May, 2011 12:00am
Argentina holds corn, soya output forecasts

Argentina holds corn, soya output forecasts

Argentina's 2010/11 soya harvest is expected to come in at 50.4 million tonnes, the government said on Thursday, holding its previous estimate as harvesting nears its end. Argentina, the world's No 3 soyabean supplier and the leading exporter of soyaoil a
Published 21 May, 2011 12:00am
Pakistan and China to broaden strategic partnership

Pakistan and China to broaden strategic partnership

China on Friday termed Pakistan an important state of the region and called for respecting its sovereignty, independence and territorial integrity. A joint statement issued simultaneously from Islamabad and Beijing at the end of Prime Minister Syed Yousuf
Published 21 May, 2011 12:00am
Indonesia to keep June palm oil, cocoa export tax unchanged

Indonesia to keep June palm oil, cocoa export tax unchanged

Indonesia's government will keep its palm oil and cocoa bean export tax unchanged in June at 17.5 percent and 10 percent respectively, a trade ministry official said on Friday. The base export price for crude palm oil (CPO), which is used to calculate the
Published 21 May, 2011 12:00am
50 JF-17 fighter jets: Pakistan hopes to take delivery in six months

50 JF-17 fighter jets: Pakistan hopes to take delivery in six months

Pakistan hopes to take delivery within the next six months of 50 JF-17 fighter jets manufactured jointly with China, Defence Minister Ahmad Mukhtar said Friday during a visit to Beijing. Mukhtar made the comments on the sidelines of a meeting between Chin
Published 21 May, 2011 12:00am
Le Perv?

Le Perv?

The arrest of IMF chief Dominique Strauss-Kahn for sexual assault in New York City has thrown French presidential politics into disarray. Prior to his alleged sexual assault on a 32-year-old maid at a Manhattan's hotel, Dominique Strauss-Kahn, who recentl
Published 21 May, 2011 12:00am
50 JF-17 fighter jets: Pakistan hopes to take delivery in six months

50 JF-17 fighter jets: Pakistan hopes to take delivery in six months

Pakistan hopes to take delivery within the next six months of 50 JF-17 fighter jets manufactured jointly with China, Defence Minister Ahmad Mukhtar said Friday during a visit to Beijing. Mukhtar made the comments on the sidelines of a meeting between Chin
Published 21 May, 2011 12:00am
KARACHI CHRONICLE: Spurious drugs on sale

KARACHI CHRONICLE: Spurious drugs on sale

It was in 2009 that a Chemistry gold medallist, who was in a team collecting data about the sale of spurious and substandard drugs in Karachi, told me the shocking tale of pills and capsules being sold by weight on pushcarts in Boulton Market.
Published 21 May, 2011 12:00am
Little progress on MoUs annoys BoI

Little progress on MoUs annoys BoI

The Board of Investment (BoI) showed dissatisfaction over the four-month progress being made by public and private sectors on the Memoranda of Understanding (MoUs) signed during the visit of the Chinese Premier to Pakistan on December 18, 2010.
Published 21 May, 2011 12:00am
LITERARY NOTES: Ancient Balochi poetry Translation of a magnum opus

LITERARY NOTES: Ancient Balochi poetry Translation of a magnum opus

Mir Shah Nawaz Khan Bijarani Marri is rightly credited with giving us a revised edition of his father, Mir Khuda Bakhsh Khan Bijarani Marri's translation of Ancient Balochi Poetry, recently launched in Quetta with great pomp and gusto.
Published 21 May, 2011 12:00am
Little progress on MoUs annoys BoI

Little progress on MoUs annoys BoI

The Board of Investment (BoI) showed dissatisfaction over the four-month progress being made by public and private sectors on the Memoranda of Understanding (MoUs) signed during the visit of the Chinese Premier to Pakistan on December 18, 2010.
Published 21 May, 2011 12:00am
ART FACTS: A new dimension

ART FACTS: A new dimension

After viewing Aliya Faizi's new dimension of work with a blend of pottery and contemporary figurative art in a unique style and colours at Indus Gallery, Karachi it is evident that she is accelerating in her genre. In her recent paintings she simply creat
Published 21 May, 2011 12:00am
Little progress on MoUs annoys BoI

Little progress on MoUs annoys BoI

The Board of Investment (BoI) showed dissatisfaction over the four-month progress being made by public and private sectors on the Memoranda of Understanding (MoUs) signed during the visit of the Chinese Premier to Pakistan on December 18, 2010.
Published 21 May, 2011 12:00am
A farewell to Tai Pan Hyder Mahomed Ali Habib (1931-2011)

A farewell to Tai Pan Hyder Mahomed Ali Habib (1931-2011)

On Friday, April 15, 2011, I wrote to my now departed friend Hyder Mahomed Ali Habib in Zurich, the President of the Habib Bank A. G. Zurich, head-quartered in Switzerland, "Dear Hyder bhai: April 15, augurs the birthday of your cousin and my best friend
Published 21 May, 2011 12:00am
No MPC input over Monetary Policy decision

No MPC input over Monetary Policy decision

After a gap of one-and-half years, the Board of Directors of the State Bank of Pakistan will deliberate and take the decision on the policy rate, without recommendations of Monetary Policy Committee (MPC), as MPC meeting is not being held this time, it is
Published 21 May, 2011 12:00am
BRIDGE NOTES: In the driving seat

BRIDGE NOTES: In the driving seat

The Venue: Rio De Janeiro - the Bermuda Bowl of 1979. Lets place you in the driving seat of decision making. You hold (non vul against vul), as west. The following hand: J93, Q86, A743, A53. On your left, opening is 1D, your partner overcalls 1H, your RHO
Published 21 May, 2011 12:00am
No MPC input over Monetary Policy decision

No MPC input over Monetary Policy decision

After a gap of one-and-half years, the Board of Directors of the State Bank of Pakistan will deliberate and take the decision on the policy rate, without recommendations of Monetary Policy Committee (MPC), as MPC meeting is not being held this time, it is
Published 21 May, 2011 12:00am
No MPC input over Monetary Policy decision

No MPC input over Monetary Policy decision

After a gap of one-and-half years, the Board of Directors of the State Bank of Pakistan will deliberate and take the decision on the policy rate, without recommendations of Monetary Policy Committee (MPC), as MPC meeting is not being held this time, it is
Published 21 May, 2011 12:00am
Mark-up rate subsidy: SBP asks banks, DFIs to make 40 percent payment

Mark-up rate subsidy: SBP asks banks, DFIs to make 40 percent payment

The State Bank of Pakistan (SBP) has advised banks/DFIs to make 40 percent payment of 2nd instalment of mark-up subsidy for the period from March 1, 2010 to August 31, 2010 under the schemes of Export Finance Mark-Up Rate Facility and Mark Up Rate Support
Published 21 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 21 May, 2011 12:00am
Mark-up rate subsidy: SBP asks banks, DFIs to make 40 percent payment

Mark-up rate subsidy: SBP asks banks, DFIs to make 40 percent payment

The State Bank of Pakistan (SBP) has advised banks/DFIs to make 40 percent payment of 2nd instalment of mark-up subsidy for the period from March 1, 2010 to August 31, 2010 under the schemes of Export Finance Mark-Up Rate Facility and Mark Up Rate Support
Published 21 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 21 May, 2011 12:00am
Mark-up rate subsidy: SBP asks banks, DFIs to make 40 percent payment

Mark-up rate subsidy: SBP asks banks, DFIs to make 40 percent payment

The State Bank of Pakistan (SBP) has advised banks/DFIs to make 40 percent payment of 2nd instalment of mark-up subsidy for the period from March 1, 2010 to August 31, 2010 under the schemes of Export Finance Mark-Up Rate Facility and Mark Up Rate Support
Published 21 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 Friday (May 20, 2011).

Published 21 May, 2011 12:00am
Netanyahu rejects Obama's call on 1967 borders

Netanyahu rejects Obama's call on 1967 borders

Israeli Prime Minister Benjamin Netanyahu bluntly told President Barack Obama Friday that Israel could not accept his call to return to its "indefensible" 1967 borders to forge peace with the Palestinians. In a dramatic Oval Office appearance after two ho
Published 21 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 Friday (May 20, 2011).

Published 21 May, 2011 12:00am
Netanyahu rejects Obama's call on 1967 borders

Netanyahu rejects Obama's call on 1967 borders

Israeli Prime Minister Benjamin Netanyahu bluntly told President Barack Obama Friday that Israel could not accept his call to return to its "indefensible" 1967 borders to forge peace with the Palestinians. In a dramatic Oval Office appearance after two ho
Published 21 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 Friday (May 20, 2011).

Published 21 May, 2011 12:00am
Index gains 94.57 points

Index gains 94.57 points

The investors' reviving interest in second session mainly in oil sector stocks on Friday supported the KSE-100 index to register healthy gain of 94.57 points to close at 11,973.38 points. The opening was negative, and the index remained in red throughout
Published 21 May, 2011 12:00am
Index gains 94.57 points

Index gains 94.57 points

The investors' reviving interest in second session mainly in oil sector stocks on Friday supported the KSE-100 index to register healthy gain of 94.57 points to close at 11,973.38 points. The opening was negative, and the index remained in red throughout
Published 21 May, 2011 12:00am
Index gains 94.57 points

Index gains 94.57 points

The investors'' reviving interest in second session mainly in oil sector stocks on Friday supported the KSE-100 index to register healthy gain of 94.57 points to close at 11,973.38 points. The opening was negative, and the index remained in red throughout
Published 21 May, 2011 12:00am
BRIndex30 up 53.65 points

BRIndex30 up 53.65 points

On Friday, the BRIndex30 opened at 8,559.27 points. It touched the intra-day high of 8,629.02 points and low of 8,540.56 points and closed at 8,612.92 points with a net positive change of 53.65 points, or 0.63 percent higher than previous close.
Published 21 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 Friday (May 20, 2011).

Published 21 May, 2011 12:00am
BRIndex30 up 53.65 points

BRIndex30 up 53.65 points

On Friday, the BRIndex30 opened at 8,559.27 points. It touched the intra-day high of 8,629.02 points and low of 8,540.56 points and closed at 8,612.92 points with a net positive change of 53.65 points, or 0.63 percent higher than previous close.
Published 21 May, 2011 12:00am
Loss declaring taxpayers may be excluded from USAS

Loss declaring taxpayers may be excluded from USAS

The Federal Board of Revenue (FBR) is reviewing a budget proposal to exclude loss declaring companies, Association of Persons (AOPs) and individuals from the purview of the Universal Self Assessment Scheme (USAS) from next budget (2011-12). Sources told <
Published 21 May, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (May 20, 2011).
Published 21 May, 2011 12:00am
Loss declaring taxpayers may be excluded from USAS

Loss declaring taxpayers may be excluded from USAS

The Federal Board of Revenue (FBR) is reviewing a budget proposal to exclude loss declaring companies, Association of Persons (AOPs) and individuals from the purview of the Universal Self Assessment Scheme (USAS) from next budget (2011-12). Sources told <
Published 21 May, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (May 20, 2011).

Published 21 May, 2011 12:00am
Loss declaring taxpayers may be excluded from USAS

Loss declaring taxpayers may be excluded from USAS

The Federal Board of Revenue (FBR) is reviewing a budget proposal to exclude loss declaring companies, Association of Persons (AOPs) and individuals from the purview of the Universal Self Assessment Scheme (USAS) from next budget (2011-12). Sources told <
Published 21 May, 2011 12:00am
Appointment of three trade officers may be scrapped

Appointment of three trade officers may be scrapped

Commerce Ministry is likely to scrap the appointment of three trade officers appointed in violation of rules and regulations subsequent to pressure from the Prime Minister's Secretariat, well-informed sources told Business Recorder. The decision ha
Published 21 May, 2011 12:00am
Appointment of three trade officers may be scrapped

Appointment of three trade officers may be scrapped

Commerce Ministry is likely to scrap the appointment of three trade officers appointed in violation of rules and regulations subsequent to pressure from the Prime Minister's Secretariat, well-informed sources told Business Recorder. The decision ha
Published 21 May, 2011 12:00am
Appointment of three trade officers may be scrapped

Appointment of three trade officers may be scrapped

Commerce Ministry is likely to scrap the appointment of three trade officers appointed in violation of rules and regulations subsequent to pressure from the Prime Minister''s Secretariat, well-informed sources told Business Recorder. The decision h
Published 21 May, 2011 12:00am
Al Qaeda should watch its back: Obama

Al Qaeda should watch its back: Obama

President Barack Obama warned Friday al Qaeda members must watch their backs, as the United States acts on a trove of intelligence seized from Osama bin Laden's compound. Obama delivered the threat as he visited Central Intelligence Agency headquarters to
Published 21 May, 2011 12:00am
Al Qaeda should watch its back: Obama

Al Qaeda should watch its back: Obama

President Barack Obama warned Friday al Qaeda members must watch their backs, as the United States acts on a trove of intelligence seized from Osama bin Laden's compound. Obama delivered the threat as he visited Central Intelligence Agency headquarters to
Published 21 May, 2011 12:00am
US drone strike kills four in Miranshah

US drone strike kills four in Miranshah

A US drone strike destroyed a vehicle in Miranshah, killing four suspected militants on Friday, local officials said. The two missiles struck the Tappi area, 10 kilometres east of Miranshah. "A US drone targeting a militants' vehicle fired two missiles ki
Published 21 May, 2011 12:00am
US drone strike kills four in Miranshah

US drone strike kills four in Miranshah

A US drone strike destroyed a vehicle in Miranshah, killing four suspected militants on Friday, local officials said. The two missiles struck the Tappi area, 10 kilometres east of Miranshah. "A US drone targeting a militants' vehicle fired two missiles ki
Published 21 May, 2011 12:00am
Tight Gas Policy approved

Tight Gas Policy approved

Petroleum Minister Dr Asim Hussain on Friday approved Tight Gas Policy, saying that the government is focussing on exploration and extraction of gas in the country to overcome energy shortage. He was chairing a meeting of heads of gas exploration companie
Published 21 May, 2011 12:00am
Tight Gas Policy approved

Tight Gas Policy approved

Petroleum Minister Dr Asim Hussain on Friday approved Tight Gas Policy, saying that the government is focussing on exploration and extraction of gas in the country to overcome energy shortage. He was chairing a meeting of heads of gas exploration companie
Published 21 May, 2011 12:00am
Tight Gas Policy approved

Tight Gas Policy approved

Petroleum Minister Dr Asim Hussain on Friday approved Tight Gas Policy, saying that the government is focussing on exploration and extraction of gas in the country to overcome energy shortage. He was chairing a meeting of heads of gas exploration companie
Published 21 May, 2011 12:00am
Tight Gas Policy approved

Tight Gas Policy approved

Petroleum Minister Dr Asim Hussain on Friday approved Tight Gas Policy, saying that the government is focussing on exploration and extraction of gas in the country to overcome energy shortage. He was chairing a meeting of heads of gas exploration companie
Published 21 May, 2011 12:00am
Pakistan, India discuss estuary; could lead to more progress

Pakistan, India discuss estuary; could lead to more progress

Pakistan and India began talks on Friday to resolve a border dispute over a river estuary, as rivals make efforts to revive a peace process derailed by the 2008 Mumbai attack. The south Asian neighbours conducted a survey of the Sir Creek estuary in 2007
Published 21 May, 2011 12:00am
Pakistan, India discuss estuary; could lead to more progress

Pakistan, India discuss estuary; could lead to more progress

Pakistan and India began talks on Friday to resolve a border dispute over a river estuary, as rivals make efforts to revive a peace process derailed by the 2008 Mumbai attack. The south Asian neighbours conducted a survey of the Sir Creek estuary in 2007
Published 21 May, 2011 12:00am
Bullish sentiments prevail on LSE

Bullish sentiments prevail on LSE

Bullish sentiments prevailed on the Lahore Stock Exchange (LSE) on Friday where equities registered gains amid descending transaction volume due to the investors' conscious approach ahead of weekend. The LSE-25 index was increased by 16.51 points and was
Published 21 May, 2011 12:00am
Bullish sentiments prevail on LSE

Bullish sentiments prevail on LSE

Bullish sentiments prevailed on the Lahore Stock Exchange (LSE) on Friday where equities registered gains amid descending transaction volume due to the investors' conscious approach ahead of weekend. The LSE-25 index was increased by 16.51 points and was
Published 21 May, 2011 12:00am
PTI to block Nato supplies in Karachi: Imran

PTI to block Nato supplies in Karachi: Imran

Former cricketer Imran Khan said Friday his party workers would block the port in Karachi to protest against US drone strikes in the tribal badlands. Karachi is Pakistan's economic hub, home to its stock exchange and a lifeline for a depressed economy wil
Published 21 May, 2011 12:00am
PTI to block Nato supplies in Karachi: Imran

PTI to block Nato supplies in Karachi: Imran

Former cricketer Imran Khan said Friday his party workers would block the port in Karachi to protest against US drone strikes in the tribal badlands. Karachi is Pakistan's economic hub, home to its stock exchange and a lifeline for a depressed economy wil
Published 21 May, 2011 12:00am
No drone support has ever been asked: ISPR

No drone support has ever been asked: ISPR

A spokesman of ISPR contradicted a news item published in a section of press on Friday captioned "Army chief wanted more drone support in year 2008." The spokesman said that in the past, there had only been sharing of technical intelligence in some areas.
Published 21 May, 2011 12:00am
No drone support has ever been asked: ISPR

No drone support has ever been asked: ISPR

A spokesman of ISPR contradicted a news item published in a section of press on Friday captioned "Army chief wanted more drone support in year 2008." The spokesman said that in the past, there had only been sharing of technical intelligence in some areas.
Published 21 May, 2011 12:00am
Sales Tax Act, 1990: PBC for withdrawal of 'harsh' provision

Sales Tax Act, 1990: PBC for withdrawal of 'harsh' provision

Pakistan Business Council (PBC) has proposed withdrawal of a harsh provision of the Sales Tax Act, 1990 which has fixed joint liability of persons in a supply chain where tax is unpaid and all persons in the chain will be jointly liable for payment of suc
Published 21 May, 2011 12:00am
Previous Day