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Archive - 2011-05-29
World copper demand growth slow
Asia

World copper demand growth slow

SHANGHAI : Global demand growth for copper is expected to slow to 8.4 percent in 2011-12, slowing substantially from the
Published 29 May, 2011 03:48pm
Peru's presidential race
World

Peru's presidential race

LIMA: Right-wing lawmaker Keiko Fujimori has a thin edge over left-wing Ollanta Humala and the two candidates are virtua
Published 29 May, 2011 03:11pm
Latvia faces uncertainty
Europe

Latvia faces uncertainty

RIGA : Latvia must convince investors a political crisis sparked by the president over corruption will be of long-term
Published 29 May, 2011 02:47pm
BP spill fund $4bn paid out
Top News

BP spill fund $4bn paid out

LONDON: The fund BP set up to deal with compensation claims after 2010's Gulf of Mexico oil spill is starting to wind do
Published 29 May, 2011 02:03pm
Lagarde hits over Tapie inquiry call
Top News

Lagarde hits over Tapie inquiry call

PARIS : Finance Minister Christine Lagarde questioned on Sunday the legal and factual basis of a call by the public pros
Published 29 May, 2011 12:40pm
Iraq cancels direct food purchase
Top News

Iraq cancels direct food purchase

BAGHDAD : Iraq 's trade ministry has cancelled direct cash purchases of essential food items, such as sugar, wheat and
Published 29 May, 2011 10:38am
Govt allocates Rs161.126mn for EAD
Top News

Govt allocates Rs161.126mn for EAD

Normal 0 MicrosoftInternetExplorer4 ISLAMABAD: The government has allocated Rs161.126 million for two ongoing
Published 29 May, 2011 12:00am
Gold prices surge

Gold prices surge

Gold surged by rupees 257 to Rs 42,428 per 10 grams in local bullion market Saturday on thin activity, as its international price closed at $1,537 an ounce, market sources said. According to Karachi Saraf Association, tola (11.664 gram) price also jumped
Published 29 May, 2011 12:00am
KCA opposes SECP's hedge trading decision

KCA opposes SECP's hedge trading decision

The Karachi Cotton Association (KCA) has opposed the decision of the SECP regarding grant of approval to Pakistan Mercantile Exchange Limited (PMEX) for introduction of futures trading in cotton, saying that the decision has been taken without adequate co
Published 29 May, 2011 12:00am
Vectracom acquires software development company

Vectracom acquires software development company

Vectracom, the region's leading wireless information provider, has acquired an offshore software development company, expanding its overseas operations, an official said. "We have acquired software development company IFLogics as part of our software deve
Published 29 May, 2011 12:00am
JS Investments announces dividend for JS CPF IV

JS Investments announces dividend for JS CPF IV

JS Investments, the Management Company of JS Capital Protected Fund IV (JS CPF IV), has approved a stock dividend of Rs 10.90 per unit. This was approved by the Chief Executive on behalf of the Board of Directors of the company. An investor holding 100 un
Published 29 May, 2011 12:00am
JS Investments announces dividend for JS CPF IV

JS Investments announces dividend for JS CPF IV

JS Investments, the Management Company of JS Capital Protected Fund IV (JS CPF IV), has approved a stock dividend of Rs 10.90 per unit. This was approved by the Chief Executive on behalf of the Board of Directors of the company. An investor holding 100 un
Published 29 May, 2011 12:00am
Government urged to evolve plan for promoting R&D in private sector

Government urged to evolve plan for promoting R&D in private sector

Dr Atta-ur-Rahman, President of Pakistan Academy of Sciences (PAS), has urged the government to evolve a comprehensive strategy to promote research and development (R&D) culture in the private sector. He was speaking at first marketing & branding summit,
Published 29 May, 2011 12:00am
Dawood Jakhura nominated ATGC chairman

Dawood Jakhura nominated ATGC chairman

Dawood Usman Jakhura, Vice President FPCCI has been nominated as Chairman of Asian Textiles and Garments Council (ATGC) of Confederation of Asia Pacific Chambers of Commerce and Industry. In a statement, Jakhura informed that ATGC is one of the Product an
Published 29 May, 2011 12:00am
PMMG for restoring ST exemption to import of generators

PMMG for restoring ST exemption to import of generators

President, Pakistan Machinery Merchant Group (PMMG) Khurram Saigal has urged the Chairman, Federal Board of Revenue (FBR), to withdrawal S. R. O. 448(1) 2011 and restore sales tax exemption on import of generators.
Published 29 May, 2011 12:00am
Banks/DFIs Secretaries to keep BoD members abreast of rules, regulations

Banks/DFIs Secretaries to keep BoD members abreast of rules, regulations

The State Bank of Pakistan has made it mandatory for company secretaries of banks/development finance institutions (DFIs) to provide their respective board members the extracts from the relevant laws, rules and regulations regarding their powers, duties a
Published 29 May, 2011 12:00am
ANP leader among three killed in attack

ANP leader among three killed in attack

President ANP, tehsil Matta, Muzaffar Ali Khan along with a policeman and guest were killed when unknown assailants attacked his hujra with hand grenades and automatic weapons on Saturday. According to police, assailants first attacked the hujra of Muzaff
Published 29 May, 2011 12:00am
PAS Awards 2011 distribution ceremony held

PAS Awards 2011 distribution ceremony held

Pakistan Advertisers Society (PAS) announced the winners of first PAS Awards 2011 late Friday night. Fourteen people were given awards in 14 different categories. The award giving ceremony was held at Karachi Expo Centre, which was attended by 'who's who'
Published 29 May, 2011 12:00am
Hinopak financial results show major turnaround

Hinopak financial results show major turnaround

Hinopak financial results announced on May 16, 2011 indicate a major turnaround in its performance. The company shows a profit before tax of Rs 40.49 million in 2010-2011, compared to last year loss of Rs 130.42 million before tax. These results are unexp
Published 29 May, 2011 12:00am
Commodity prices rise amid economic turbulence

Commodity prices rise amid economic turbulence

Commodity prices advanced during a volatile trading week in which investors weighed up the impact of weak US economic growth and an escalating European debt crisis on demand for raw materials. They also tracked signs of slowing output in commodities-hungr
Published 29 May, 2011 12:00am
Australia's Graincorp optimistic on 2011-12 wheat harvest

Australia's Graincorp optimistic on 2011-12 wheat harvest

Australia's largest eastern state grain handler, Graincorp Ltd , on Thursday forecast favourable conditions for country's eastern 2011/12 wheat harvest but cautioned it was too early to predict the final outcome.
Published 29 May, 2011 12:00am
Bangladesh tenders to buy 50,000 tonnes of rice

Bangladesh tenders to buy 50,000 tonnes of rice

Bangladesh's state grains buyer issued on Wednesday a tender to import 50,000 tonnes of non-basmati parboiled rice to ensure supplies of the staple, a food official said. The last date of submission of offers is June 6 and the rice is to be shipped in 40
Published 29 May, 2011 12:00am
Brazil coffee stocks may be lowest ever

Brazil coffee stocks may be lowest ever

Private coffee stocks in the world's top producer Brazil fell to what may be a record low in March, causing exports to dip before a big off-cycle harvest replenishes inventories, a top industry official said on Thursday. Excluding stocks held by the gover
Published 29 May, 2011 12:00am
Asian rice prices drop

Asian rice prices drop

Demand from African buyers provided some support for Asian rice prices last week, stopping them from falling significantly at a time when supply is rising in the world's top two exporters, Thailand and Vietnam, exporters said on Wednesday.
Published 29 May, 2011 12:00am
US soyabean ends weak on better planting outlook

US soyabean ends weak on better planting outlook

Chicago Board of Trade soyabean futures closed lower on Friday on outlooks for warmer and drier weather in the US Midwest next week which will boost prospects for seeding the 2011 soybean crop. Markets closed on Monday, the US Memorial Day holiday.
Published 29 May, 2011 12:00am
Vietnam January-May rice exports rise

Vietnam January-May rice exports rise

Vietnam's rice exports between January and May would rise 15.3 percent from the same period in 2010 to an estimated 3.36 million tonnes, the government said on Wednesday. Revenue from the grain exports would increase 10.5 percent from a year ago to an est
Published 29 May, 2011 12:00am
World market price for upland cotton

World market price for upland cotton

The US Agriculture Department set the prevailing world market price for upland cotton at 144.48 cents per lb, effective through June 2. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton. The next announcem
Published 29 May, 2011 12:00am
Russia to lift grain export ban from July 1: Putin

Russia to lift grain export ban from July 1: Putin

Russia will lift a grain export ban from July 1, Prime Minister Vladimir Putin said on Saturday, bringing what was formerly the world's third-largest wheat exporter back to world grain markets. Russia expects the grain harvest to be "quite good" this year
Published 29 May, 2011 12:00am
Philippine firm eyes partners for gold-copper mine

Philippine firm eyes partners for gold-copper mine

Unlisted Philippine firm Jake Mining Corporation said on Friday it was in talks with seven to eight foreign groups to develop a gold and copper prospect in southern Philippines that has the potential to be one of the country's biggest mines.
Published 29 May, 2011 12:00am
India 2011-12 cotton area seen up 15 percent as prices rally

India 2011-12 cotton area seen up 15 percent as prices rally

Cotton acreage in India, the world's second biggest producer, may rise by up to 15 percent in 2011/12 as record high prices in the current season may induce farmers to expand acreage, industry officials, traders and farmers said. Most farmers in the count
Published 29 May, 2011 12:00am
Mubarak fined for communication services cut

Mubarak fined for communication services cut

An Egyptian administrative court fined ousted President Hosni Mubarak and two former officials 540 million Egyptian pounds ($91 million) on Saturday for cutting off mobile and internet services during protests in January. It was the first court ruling to
Published 29 May, 2011 12:00am
Iran conservatives heap pressure on Ahmadinejad

Iran conservatives heap pressure on Ahmadinejad

Iran's ruling conservatives on Saturday ratcheted up pressure on President Mahmoud Ahmadinejad to detach himself from his chief of staff and scrap plans to line up his own favourites for elections next year. Supreme leader Ayatollah Ali Khamenei's represe
Published 29 May, 2011 12:00am
Obama reaffirms US security pledge to ally Poland

Obama reaffirms US security pledge to ally Poland

President Barack Obama pledged close US co-operation with Poland on Saturday on missile defence, the upgrading of its air defences and in developing shale gas and nuclear power to boost its energy security. On his first visit to Warsaw, Obama also defende
Published 29 May, 2011 12:00am
Turkish foreign minister pushes for Syrian reform

Turkish foreign minister pushes for Syrian reform

Turkey wants to see Syrian President Bashar al-Assad's regime introduce reforms in the wake of widespread anti-government protests, Foreign Minister Ahmet Davutoglu said. "What we want to see in Syria is reforms under the leadership of Mr Assad," Davutogl
Published 29 May, 2011 12:00am
Hackers breached US defence contractors

Hackers breached US defence contractors

Unknown hackers have broken into the security networks of Lockheed Martin Corp and several other US military contractors, a source with direct knowledge of the attacks told Reuters. They breached security systems designed to keep out intruders by creating
Published 29 May, 2011 12:00am
Karzai wants Afghans to take control of night raids

Karzai wants Afghans to take control of night raids

Afghan President Hamid Karzai has ordered the Defence Ministry to take control of night raids, one of the most controversial tactics used by foreign troops fighting the Taliban, in a move likely to stoke tensions between Kabul and its Western backers.
Published 29 May, 2011 12:00am
Palestinian 'first Arab woman' to scale Everest

Palestinian 'first Arab woman' to scale Everest

Suzanne al-Houby, a Palestinian who lives in the United Arab Emirates, has become the first woman to scale Mount Everest, the world's tallest mountain, she said in a statement on Saturday. "Becoming the first Arab woman to reach the top of the world was a
Published 29 May, 2011 12:00am
Taiwan makes it legal to advocate communism

Taiwan makes it legal to advocate communism

Taiwan's legislature has made it legal to advocate communism, changing a law that was a legacy of the island's long Cold War with the mainland, local media reported Saturday. Lawmakers on Friday amended the Civil Associations Act, removing an article that
Published 29 May, 2011 12:00am
Abbas sees no hope for talks, firm on UN path

Abbas sees no hope for talks, firm on UN path

The Palestinian president said on Saturday there were "no shared foundations" for peace talks with Israeli Prime Minister Benjamin Netanyahu and seeking UN recognition of Palestinian statehood was his only option. Palestinian President Mahmoud Abbas, addr
Published 29 May, 2011 12:00am
Arab League backs Palestinian state recourse to UN

Arab League backs Palestinian state recourse to UN

The Arab League said on Saturday it backs seeking UN recognition for a Palestinian state in September, following a meeting of an Arab monitoring committee in the Gulf state. The Arab League "supports the appeal to the UN asking that Palestine, within the
Published 29 May, 2011 12:00am
Egypt reopens Rafah border with Gaza

Egypt reopens Rafah border with Gaza

Egypt on Saturday reopened its Rafah border crossing with Gaza, allowing people to cross freely for the first time in four years, in a move hailed by Hamas but criticised by Israel. Among the first to cross were two ambulances ferrying patients from the h
Published 29 May, 2011 12:00am
Nato says destroyed Qadhafi compound guard towers

Nato says destroyed Qadhafi compound guard towers

Nato aircraft destroyed the guard towers at Muammar Qadhafi's compound in Tripoli, a Nato official said on Saturday, then staged a rare daytime air strike on the Libyan capital, heightening pressure on him to quit.
Published 29 May, 2011 12:00am
Kuwaitis rally for premier's ouster

Kuwaitis rally for premier's ouster

Around two thousand Kuwaiti youths took to the streets late Friday, despite an unprecedented security presence, to demand the oil-rich Gulf state's prime minister resign. The demonstrators chanted repeatedly, "The people want to topple the head" of govern
Published 29 May, 2011 12:00am
Tenuous ceasefire eases conflict in Yemen

Tenuous ceasefire eases conflict in Yemen

An informal ceasefire between President Ali Abdullah Saleh's security forces and a tribal group brought a pause in fighting on Saturday after nearly a week of deadly clashes left Yemen close to civil war. Fighting this week has killed some 115 people, pro
Published 29 May, 2011 12:00am
China orders death penalty for food safety crimes

China orders death penalty for food safety crimes

China's top court has ordered capital punishment for food safety crimes that result in fatalities, as the nation battles a wave of scares over tainted foodstuffs. In notice on Friday the Supreme People's Court urged harsher penalties for manufacturers who
Published 29 May, 2011 12:00am
India puts conditions on Cairn-Vedanta deal

India puts conditions on Cairn-Vedanta deal

An Indian ministerial panel wants conditions attached to a proposed $9.6-billion sale of Cairn Energy's Indian oilfields to Vedanta, sources said on Saturday, which could derail the deal. Cairn Energy has called the government's final decision on the sale
Published 29 May, 2011 12:00am
Tata Motors launches Nano in Sri Lanka

Tata Motors launches Nano in Sri Lanka

Tata Motors said on Saturday it launched its small Nano model in Sri Lanka, its first foreign market since sales of the vehicle began in April 2009. The firm has sold 110,000 Nanos, touted as the world's cheapest car, since then.
Published 29 May, 2011 12:00am
Kuwait seizes Iraq airline assets in Jordan

Kuwait seizes Iraq airline assets in Jordan

Kuwait has seized assets of Iraq's national airline in Jordan, Iraqi officials said on Saturday, the latest step in a row between the neighbouring states over war reparations. Iraqi Airways has filed an appeal against the decision in Jordan, said Karim al
Published 29 May, 2011 12:00am
Greece to launch privatisation drive in weeks: Prime Minister

Greece to launch privatisation drive in weeks: Prime Minister

Greece will launch an ambitious sell-off of state assets in weeks that will prove to doubters that the country can make it through a new debt crisis, Prime Minister George Papandreou said Saturday. He was speaking following talks with visiting Canadian Pr
Published 29 May, 2011 12:00am
Kazakh opposition calls for halt to China expansion

Kazakh opposition calls for halt to China expansion

Opposition activists in Kazakhstan called on the government on Saturday to stop Chinese investment in the country's natural resources, saying Beijing could be preparing a land grab in Central Asia. Several hundred people gathered in Almaty, the country's
Published 29 May, 2011 12:00am
Former Bank of Italy chief sentenced to 4 years in jail

Former Bank of Italy chief sentenced to 4 years in jail

An Italian court sentenced Italy's former central bank governor Antonio Fazio on Saturday to four years in jail for market-rigging related to a 2005 take-over battle over Italian bank Banca Antonveneta. A Milan court has also ordered Fazio - who headed th
Published 29 May, 2011 12:00am
Washington bank shut

Washington bank shut

US authorities closed a Washington state bank on Friday, bringing the total number of foreclosures in 2011 to 44. The Federal Deposit Insurance Corp said state authorities closed First Heritage Bank in Snohomish, Wash. The five branches of First Heritage
Published 29 May, 2011 12:00am
EU, Japan agree to work towards mega free trade deal

EU, Japan agree to work towards mega free trade deal

Leaders of the European Union and Japan on Saturday agreed to start talks towards a multi-billion-euro free trade deal linking the world's third biggest economy to the globe's largest market. Long demanded by Tokyo, the decision to launch preliminary talk
Published 29 May, 2011 12:00am
Bleak years ahead for Britain: BoE chief economist

Bleak years ahead for Britain: BoE chief economist

Britain faces a "bleak time" over the next two years due to low economic growth, the Bank of England's chief economist said Saturday. Spencer Dale indicated that interest rates would rise this year. They were held at a record low of 0.50 percent this mont
Published 29 May, 2011 12:00am
Indian police taken hostage in POSCO protest

Indian police taken hostage in POSCO protest

Villagers opposed to South Korean giant POSCO's planned $12-billion steel plant in eastern India took eight policemen and a driver hostage Saturday before freeing them hours later, a report said. The policemen and driver were held for five hours before pe
Published 29 May, 2011 12:00am
US refuses to label China 'currency manipulator'

US refuses to label China 'currency manipulator'

The United States on Friday refrained from branding China a currency manipulator, a move that could trigger sanctions, but urged Beijing to speed up progress on making its currency more flexible. In a report to Congress, the US Treasury said it had conclu
Published 29 May, 2011 12:00am
BoJ warns on worsening fiscal balance

BoJ warns on worsening fiscal balance

Bank of Japan Governor Masaaki Shirakawa warned of the country's worsening fiscal balance and stressed that policymakers need to come up with a strategy to restore its long-term fiscal health. Shirakawa also repeated that the central bank should not buy g
Published 29 May, 2011 12:00am
Rich nations don't want to give up IMF power: India

Rich nations don't want to give up IMF power: India

India's prime minister Saturday said there appeared little hope that an emerging nation candidate would be chosen to head up the International Monetary Fund in the current contest. Wealthy nations do not want to give up their power, the Press Trust of
Published 29 May, 2011 12:00am
Waqar backs Ireland in World Cup battle

Waqar backs Ireland in World Cup battle

Pakistan cricket coach Waqar Younis says there should be a place for the top two Associates in the World Cup finals. Ahead of today's first one-day international against Ireland at Stormont, he world-wide opinion and called for a qualifying tournament.
Published 29 May, 2011 12:00am
Lahore grab victory at NBP Wheelchair Cricket Tournament

Lahore grab victory at NBP Wheelchair Cricket Tournament

NBP's All Pakistan Wheel Chair Cricket Tournament, that commenced at Karachi Parsi Institute Ground on Friday ended with the victory of Lahore over Peshawar with 124 runs. The tournament was presided over by Ms Kishwar Zehra MNA. The prizes and awards wer
Published 29 May, 2011 12:00am
Denmark, China power into Sudirman final

Denmark, China power into Sudirman final

Denmark downed plucky Indonesia 3-1 on Saturday to reach the Sudirman Cup final, where they face holders and firm favourites China after they brushed aside South Korea by the same scoreline. Denmark, Europe's best badminton team who will make only their s
Published 29 May, 2011 12:00am
Pakistan romps to ODI victory over Ireland

Pakistan romps to ODI victory over Ireland

Junaid Khan took four wickets for just 12 runs, spinner Saeed Ajmal chipped in with 3-6 and Mohammad Hafeez hit a half-century as Pakistan romped to a seven-wicket victory over Ireland in their one-day international on Saturday.
Published 29 May, 2011 12:00am
Cook and Trott punish Lankans

Cook and Trott punish Lankans

Alastair Cook and Jonathan Trott both made centuries against Sri Lanka in the first Test here on Saturday as they carried on from where they left off in Australia. Cook was 129 not out and Trott 125 not as England closed on 287 for two in reply to Sri Lan
Published 29 May, 2011 12:00am
Chennai win IPL with huge win over Bangalore

Chennai win IPL with huge win over Bangalore

A clinical Chennai Super Kings clinched their second Indian Premier League title in a row with a 58-run thrashing of Royal Challengers Bangalore in a lop-sided final on Saturday. Opener Murali Vijay cracked 95 runs off just 52 balls to help the defending
Published 29 May, 2011 12:00am
Injured Anderson in doubt for Lord's test

Injured Anderson in doubt for Lord's test

England fast bowler James Anderson will not bowl again in the first test against Sri Lanka after a scan revealed a minor side strain, the England and Wales Cricket Board (ECB) said on Saturday. "Scans have shown James Anderson has a grade one (left) side
Published 29 May, 2011 12:00am
Nadal, Djokovic at a canter, Murray in injury scare

Nadal, Djokovic at a canter, Murray in injury scare

Rafael Nadal and Novak Djokovic stayed on course for a second Grand Slam final showdown with both notching up straight sets wins in Saturday's third round action. But if the top two seeds enjoyed a worry-free afternoon, the same could not be said for four
Published 29 May, 2011 12:00am
Schnyder calls time on long, bizarre career

Schnyder calls time on long, bizarre career

Patty Schnyder on Saturday called time on a 17-year career which brought 11 titles, 59 Grand Slam appearances and a family split caused by a bizarre relationship with an orange juice-obsessed guru. The 32-year-old Swiss made her majors bow at Roland Garro
Published 29 May, 2011 12:00am
Sharapova restores order at shock-hit French Open, Azarenka, Li advance

Sharapova restores order at shock-hit French Open, Azarenka, Li advance

Maria Sharapova helped restore order at the French Open on Saturday after Roland Garros had been shellshocked by the loss of its top two seeds before the fourth round stage, a 40-year low point for Paris. The seventh seeded Russian, whose best performance
Published 29 May, 2011 12:00am
Accused Warner warns of 'tsunami' to come at FIFA

Accused Warner warns of 'tsunami' to come at FIFA

FIFA vice-president Jack Warner, who faces an ethics hearing in soccer's widening bribery scandal on Sunday, has predicted a "football tsunami" is about to strike the sport's governing body. Warner, who said there was "not a single iota" of wrongdoing on
Published 29 May, 2011 12:00am
British Prime Minister finds FIFA 'murky'

British Prime Minister finds FIFA 'murky'

British Prime Minister David Cameron thinks the workings of football's governing body FIFA are "murky", The Times newspaper quoted a Downing Street source as saying Saturday. The battle for the FIFA presidency has been thrown further into turmoil as the Z
Published 29 May, 2011 12:00am
Indonesian official to meet FIFA amid crisis

Indonesian official to meet FIFA amid crisis

An Indonesian football association official will meet FIFA this week to try to persuade the body not to impose sanctions over the running of the game in the Asian nation, he said Saturday. Indonesia is expected to be punished by FIFA for failing to resolv
Published 29 May, 2011 12:00am
1923 Leica prototype sells for record 1.32 million euros

1923 Leica prototype sells for record 1.32 million euros

A Leica camera from 1923 was sold at auction Saturday for a world record 1.32 million euros ($1.89 million), shattering pre-sale estimates. The purchaser was a private collector from Asia who wants to remain anonymous, said Vienna's WestLicht gallery, whi
Published 29 May, 2011 12:00am
Missouri tornado death toll rises to 139

Missouri tornado death toll rises to 139

The death toll from one of the worst tornadoes ever to hit the United States has risen to 139, a Joplin, Missouri city official said Saturday. Among the newly confirmed killed was teenager Will Norton, who was sucked from his father's Hummer as they drove
Published 29 May, 2011 12:00am
Surveillance of family helped find Mladic

Surveillance of family helped find Mladic

Close surveillance of suspected helpers and family members led to the capture of Ratko Mladic after 16 years on the run, an official close to his arrest said on Saturday. Security officials monitoring communications by Mladic's helpers discovered several
Published 29 May, 2011 12:00am
North Korea releases American as US envoy visits

North Korea releases American as US envoy visits

An American citizen detained in North Korea on unspecified charges for six months has been released, US rights envoy Robert King said on Saturday following a visit to the secretive state's capital to assess its pleas for food aid. North Korea's official K
Published 29 May, 2011 12:00am
Influential US poet Scott-Heron dies at 62

Influential US poet Scott-Heron dies at 62

US lyricist and poet Gil Scott-Heron, who told the world that "The Revolution Will Not Be Televised" and inspired hip-hop artists, has died at the age of 62, his record company said Saturday. Scott-Heron, an African-American who first gained fame for his
Published 29 May, 2011 12:00am
Ethiopian ruling party marks 20 years in power

Ethiopian ruling party marks 20 years in power

Ethiopia's ruling party on Saturday marked 20 years in power since toppling the regime of dictator Mengistu Haile Mariam, pledging self-reliance and wiping out widespread poverty. Tens of thousands of flag-waving supporters swarmed Addis Ababa's main squa
Published 29 May, 2011 12:00am
Thousands rally against violence in Georgia

Thousands rally against violence in Georgia

Thousands took to the streets of the Georgian capital Tbilisi Saturday to protest the violent end of a five-day opposition rally in which 90 people were arrested this week. The protesters marched towards the parliament building, blocking traffic along Tbi
Published 29 May, 2011 12:00am
Canadian soldier dies in Afghanistan, 156th since 2002

Canadian soldier dies in Afghanistan, 156th since 2002

A Canadian soldier was found dead in Afghanistan, Prime Minister Stephen Harper said Saturday in a message of condolence to relatives. The army said Bombardier Karl Manning had died from "non combat-related wounds" and that an investigation has been launc
Published 29 May, 2011 12:00am
Nepal's leaders battle to avert fresh crisis

Nepal's leaders battle to avert fresh crisis

Nepal's ruling parties were locked in 11th-hour negotiations to try to avert a fresh political crisis on Saturday, with hours to go before parliament's term expires. Nepal's parliament, or Constituent Assembly (CA), was elected in 2008 with a two-year man
Published 29 May, 2011 12:00am
Amnesty vows to adapt to new challenges as it turns 50

Amnesty vows to adapt to new challenges as it turns 50

Amnesty International chief Salil Shetty on Saturday vowed to adapt to the challenges of a fast-changing world and reach out to new countries as the leading rights group marked its 50th anniversary. Shetty led celebrations in London, where Amnesty is base
Published 29 May, 2011 12:00am
Italian minister quits over Berlusconi whine to Obama

Italian minister quits over Berlusconi whine to Obama

An Italian junior minister said she had quit Saturday in protest at Prime Minister Silvio Berlusconi's complaint to US President Barack Obama about his legal woes. Berlusconi, who has a long history of legal troubles and is currently on trial for having s
Published 29 May, 2011 12:00am
Visegrad Muslims honour victims after Mladic arrest

Visegrad Muslims honour victims after Mladic arrest

Hundreds of Muslims gathered Saturday in the Bosnian city of Visegrad to honour loved ones killed in 1992 massacres by the forces of arrested war crimes suspect Ratko Mladic. "I almost fainted when I learned of Mladic's arrest, I was so happy," said Safij
Published 29 May, 2011 12:00am
Malta starts voting in divorce referendum

Malta starts voting in divorce referendum

The people of Malta started voting on Saturday in a referendum on whether or not to introduce divorce. The Mediterranean island of 400,000 people is the only country in Europe that does not allow the practice. A member of the ruling centre-right Nationali
Published 29 May, 2011 12:00am
Euro gains against dollar

Euro gains against dollar

The euro rose against the dollar on Friday, capping off its best week since late April, as European officials said Greece should be able to shoulder its heavy debt burden without restructuring. But the safe-haven Swiss franc was the day's top performer, r
Published 29 May, 2011 12:00am
African currency outlook

African currency outlook

Kenya's shilling is likely to strengthen next week away from record lows against the dollar, while foreign investor interest in a debt issue in neighbouring Uganda should also help to boost the currency there.
Published 29 May, 2011 12:00am
Speculators trim bets against dollar

Speculators trim bets against dollar

Currency speculators trimmed bets against the US dollar and sharply cut longs in the euro, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net short position fell to $13.02 billion in the week
Published 29 May, 2011 12:00am
Canadian dollar edges higher

Canadian dollar edges higher

Canada's dollar edged higher against a broadly weaker greenback on Friday, which was hurt by sluggish US data, even as many traders focused on Tuesday's Bank of Canada interest rate decision. The US economic outlook set the tone early after worse-than-exp
Published 29 May, 2011 12:00am
Key Euribor rates fall further on debt worries

Key Euribor rates fall further on debt worries

Three-month euro-priced bank-to-bank lending rates fell further away from two-year highs on Friday due to euro zone debt worries and higher excess liquidity on the market. The three-month Euribor rate - traditionally the main gauge of unsecured interbank
Published 29 May, 2011 12:00am
Don't rule out early use of emerging FX in reserves

Don't rule out early use of emerging FX in reserves

China's yuan and its emerging economy peers could become reserve currencies sooner than many investors think, as some experts reckon the hurdles of convertibility and policymaker inertia are easily negotiated. China and other countries from the BRICS nati
Published 29 May, 2011 12:00am
Materials, banks lead Wall Street higher

Materials, banks lead Wall Street higher

The Dow and S&P 500 closed out their fourth week of losses with a small gain on Friday, but only with the help of a weaker dollar boosting metals prices and basic materials stocks. Thin trading made for a lacklustre day on Wall Street, with desks short-st
Published 29 May, 2011 12:00am
Weak US dollar lifts ADRs

Weak US dollar lifts ADRs

Overseas shares traded in the United States rose on Friday with positive comments out of Europe helping to ease concerns about the region's sovereign debt crisis. George Provopoulos, a member of the European Central Bank Governing Council, said Greece wou
Published 29 May, 2011 12:00am
Weak US dollar lifts ADRs

Weak US dollar lifts ADRs

Overseas shares traded in the United States rose on Friday with positive comments out of Europe helping to ease concerns about the region's sovereign debt crisis. George Provopoulos, a member of the European Central Bank Governing Council, said Greece wou
Published 29 May, 2011 12:00am
Biofuel maker Solazyme shares rise in Nasdaq debut

Biofuel maker Solazyme shares rise in Nasdaq debut

Shares of biofuel maker Solazyme Inc rose 15 percent in their stock market debut on Friday after the company's IPO raised more than expected. South San Francisco-based Solazyme uses algae to make oil and plans to sell fuel oil, dietary supplements and ski
Published 29 May, 2011 12:00am
US Treasury outlook: 'slow burn' US bond rally smoulders

US Treasury outlook: 'slow burn' US bond rally smoulders

Bond investors are slowly coming around to the idea that US Treasury yields are not on a relentless drive higher. Far from it, in fact, given that the 10-year yield may soon fall below 3 percent.
Published 29 May, 2011 12:00am
US Treasury outlook: 'slow burn' US bond rally smoulders

US Treasury outlook: 'slow burn' US bond rally smoulders

Bond investors are slowly coming around to the idea that US Treasury yields are not on a relentless drive higher. Far from it, in fact, given that the 10-year yield may soon fall below 3 percent.
Published 29 May, 2011 12:00am
Delphi files for IPO of up to $100 million

Delphi files for IPO of up to $100 million

Delphi Automotive filed to raise up to $100 million in an initial public offering, the US auto supplier said in a securities filing on Wednesday, less than two years after emerging from bankruptcy. The proceeds of the offering will be used primarily to fu
Published 29 May, 2011 12:00am
Latam stocks notch best week in two months

Latam stocks notch best week in two months

Latin American stocks notched their best week in more than two months on Friday, supported by rising commodity prices, but signs of slowing global growth could curb further gains. The MSCI Latin American index closed at its highest since May 10 with a 1.3
Published 29 May, 2011 12:00am
Treasuries rally pauses

Treasuries rally pauses

US Treasury debt prices were steady to lower on Friday with mild profit-taking from a six-week rally that has sent yields to six-month lows and looks set to keep running. Investors have turned increasingly bullish on US government debt as weakening econom
Published 29 May, 2011 12:00am
Treasuries rally pauses

Treasuries rally pauses

US Treasury debt prices were steady to lower on Friday with mild profit-taking from a six-week rally that has sent yields to six-month lows and looks set to keep running. Investors have turned increasingly bullish on US government debt as weakening econom
Published 29 May, 2011 12:00am
Chinese online retailer Vancl plans $1 billion US IPO

Chinese online retailer Vancl plans $1 billion US IPO

Chinese online clothing retailer Vancl could raise $1 billion in the largest Internet initial public offering from the Asian country in the United States this year, IFR reported on Tuesday. The Beijing-based company could soon mandate banks on the deal, w
Published 29 May, 2011 12:00am
TSX pushes higher despite slumping banks

TSX pushes higher despite slumping banks

Toronto's main stock index closed near a four-week high on Friday as firmer commodity prices pushed up resource issues, overcoming a big drop in Royal Bank of Canada. Gold and copper prices rose to near three-week highs, helped by a weaker US dollar, lift
Published 29 May, 2011 12:00am
Indian bond yields up

Indian bond yields up

Indian federal bond yields rose and the overnight indexed swap curve inverted on Friday, reflecting expectations of a wider liquidity deficit and more policy tightening, along with doubts over the pace of long-term economic growth.
Published 29 May, 2011 12:00am
Indian bond yields up

Indian bond yields up

Indian federal bond yields rose and the overnight indexed swap curve inverted on Friday, reflecting expectations of a wider liquidity deficit and more policy tightening, along with doubts over the pace of long-term economic growth.
Published 29 May, 2011 12:00am
Turkish share index falls, assets ease

Turkish share index falls, assets ease

Turkish assets eased on Friday after J.P. Morgan downgraded Turkish shares to "underweight" from "overweight" citing high inflation, political uncertainty ahead of a June 12 election and an expanding current account deficit. The benchmark February 20, 201
Published 29 May, 2011 12:00am
Sri Lankan stocks soar

Sri Lankan stocks soar

Sri Lanka's stock market gained on Friday, led by a 50 percent jump in illiquid financial firm Capital Development and Investment, on speculation it could profit sharply from selling its stake in an insurance firm. Sri Lanka's main share index closed 0.54
Published 29 May, 2011 12:00am
JGBs gain on 20-year auction afterglow

JGBs gain on 20-year auction afterglow

Japanese government bond prices rose on Friday with 20-year bonds extending gains after a strong auction the previous day, pushing yields down towards multimonth lows hit earlier in the month. A series of soft economic data in the United States that spark
Published 29 May, 2011 12:00am
JGBs gain on 20-year auction afterglow

JGBs gain on 20-year auction afterglow

Japanese government bond prices rose on Friday with 20-year bonds extending gains after a strong auction the previous day, pushing yields down towards multimonth lows hit earlier in the month. A series of soft economic data in the United States that spark
Published 29 May, 2011 12:00am
Astarta mulls buyback if shares don't rebound

Astarta mulls buyback if shares don't rebound

Astarta, Ukraine's biggest sugar producer, is considering a share buyback if its shares do not bounce off current levels, its top executive told Reuters on Thursday. The Warsaw-listed stock has fallen 12 percent this year and has been trading near or belo
Published 29 May, 2011 12:00am
Thin trading seen on grain market

Thin trading seen on grain market

Thin trading was seen on wholesale grain market on Saturday as prices tended higher mostly, dealers said. On the cereal side wheat old bardan old and new were up by Rs 40 to Rs 2500 and Rs 2515, other items maintained overnight levels in process of tradin
Published 29 May, 2011 12:00am
Wheat prices lower due to rains in France, Germany

Wheat prices lower due to rains in France, Germany

Wheat prices were slightly lower on Friday, weighed partly by rains in some parched regions of western Europe while corn futures remained little changed. Showers were reported in the European Union's top two producers, France and Germany, although it was
Published 29 May, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 113,335 tonnes of cargo including 76,325 tonnes of import cargo, 37,010 tonnes of export cargo and 4,988 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 76,325 tonnes compr
Published 29 May, 2011 12:00am
Faisalabad yarn rates rise after long break

Faisalabad yarn rates rise after long break

After two months silence on Faisalabad yarn market, the rates continuously increased from Rs 20 to 100 during the outgoing week. the rates increased owing to purchase pressure in local market. Yarn counts 7/S, 10/S, 16/S, 20/S, 22/S, 24/S and 30/S, 40/S a
Published 29 May, 2011 12:00am
Turkmenistan plans bigger wheat crop this year

Turkmenistan plans bigger wheat crop this year

Turkmenistan, a new entrant to the list of global wheat exporters, plans a 14 percent increase in its crop this year that should free up 400,000 tonnes for export, a source within the government told Reuters on Friday. The gas-rich Central Asian state of
Published 29 May, 2011 12:00am
US Midwest corn bids steady to firm

US Midwest corn bids steady to firm

Corn spot basis bids were mostly steady to firm at US Midwest ethanol plants, processors and river terminals on Friday, supported by slow farmer sales of the grain, dealers said. Soyabean bids eased at processors and elevators in the western Midwest and w
Published 29 May, 2011 12:00am
Lean business on cotton market as buyers adopt wait-and-see mood

Lean business on cotton market as buyers adopt wait-and-see mood

Lean business was seen on the cotton market on Saturday as mills kept to the sidelines in the absence of motivating factors, dealers. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 8,500, they said. In Sindh and Punjab phutty
Published 29 May, 2011 12:00am
Oil cake markets rates

Oil cake markets rates

Bearish sentiment was witnessed on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The July contract that had closed at 1422.30 opened with a loss of 50 paisa at Rs 1421.80. The new December vaida which ended at Rs 1
Published 29 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 29 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 29 May, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (May 28, 2011).

Published 29 May, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (May 28, 2011).

Published 29 May, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (May 28, 2011).

Published 29 May, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (May 28, 2011).

Published 29 May, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (May 28, 2011).
Published 29 May, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (May 28, 2011).

Published 29 May, 2011 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (May 28, 2011).

Published 29 May, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (May 28, 2011).

Published 29 May, 2011 12:00am
THE RUPEE: rupee falls

THE RUPEE: rupee falls

The rupee fell versus dollar on interbank market on Saturday while it was firm on open market, experts said. The rupee lost 18 paisa against dollar for buying and selling at 85.80 and 85.85 due to strong demand for the US currency, they said.
Published 29 May, 2011 12:00am
THE RUPEE: rupee falls

THE RUPEE: rupee falls

The rupee fell versus dollar on interbank market on Saturday while it was firm on open market, experts said. The rupee lost 18 paisa against dollar for buying and selling at 85.80 and 85.85 due to strong demand for the US currency, they said.
Published 29 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 29 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 29 May, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 28, 2011).

Published 29 May, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 28, 2011).

Published 29 May, 2011 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (May 28, 2011).

Published 29 May, 2011 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 28, 2011).

Published 29 May, 2011 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (May 28, 2011).

Published 29 May, 2011 12:00am
Eight killed in Bajaur suicide blast

Eight killed in Bajaur suicide blast

Eight persons including two leaders of the Salarzai tribe were killed and eleven others injured in a suicide blast in Pashat, Bajaur Agency on Saturday. The injured were rushed to Agency Headquarters Hospital, Khar for medical treatment. The condition of
Published 29 May, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 28, 2011).

Published 29 May, 2011 12:00am
Eight killed in Bajaur suicide blast

Eight killed in Bajaur suicide blast

Eight persons including two leaders of the Salarzai tribe were killed and eleven others injured in a suicide blast in Pashat, Bajaur Agency on Saturday. The injured were rushed to Agency Headquarters Hospital, Khar for medical treatment. The condition of
Published 29 May, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 28, 2011).

Published 29 May, 2011 12:00am
Pak-Afghan trade deal may be implemented from mid-June

Pak-Afghan trade deal may be implemented from mid-June

Pakistan and Afghanistan plan to implement a long-awaited transit trade deal that would help war-ravaged Afghanistan boost its trade and economy from the middle of June, a Pakistani official said on Saturday. The US-sponsored trade accord signed in Octobe
Published 29 May, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 28, 2011).

Published 29 May, 2011 12:00am
Pak-Afghan trade deal may be implemented from mid-June

Pak-Afghan trade deal may be implemented from mid-June

Pakistan and Afghanistan plan to implement a long-awaited transit trade deal that would help war-ravaged Afghanistan boost its trade and economy from the middle of June, a Pakistani official said on Saturday. The US-sponsored trade accord signed in Octobe
Published 29 May, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 28, 2011).

Published 29 May, 2011 12:00am
Pak-Afghan trade deal may be implemented from mid-June

Pak-Afghan trade deal may be implemented from mid-June

Pakistan and Afghanistan plan to implement a long-awaited transit trade deal that would help war-ravaged Afghanistan boost its trade and economy from the middle of June, a Pakistani official said on Saturday. The US-sponsored trade accord signed in Octobe
Published 29 May, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (May 28, 2011).

Published 29 May, 2011 12:00am
Controversy over non-cancellation of adjudication SRO

Controversy over non-cancellation of adjudication SRO

The Federal Board of Revenue (FBR) has forgotten to rescind an old Statutory Regulatory Order (SRO) pertaining to adjudication, despite introduction of new procedures for adjudication of tax related cases following abolition of section 45 of Sales Tax Act
Published 29 May, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (May 28, 2011).

Published 29 May, 2011 12:00am
Controversy over non-cancellation of adjudication SRO

Controversy over non-cancellation of adjudication SRO

The Federal Board of Revenue (FBR) has forgotten to rescind an old Statutory Regulatory Order (SRO) pertaining to adjudication, despite introduction of new procedures for adjudication of tax related cases following abolition of section 45 of Sales Tax Act
Published 29 May, 2011 12:00am
Controversy over non-cancellation of adjudication SRO

Controversy over non-cancellation of adjudication SRO

The Federal Board of Revenue (FBR) has forgotten to rescind an old Statutory Regulatory Order (SRO) pertaining to adjudication, despite introduction of new procedures for adjudication of tax related cases following abolition of section 45 of Sales Tax Act
Published 29 May, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 28, 2011).

Published 29 May, 2011 12:00am
FBR collects Rs 1,274.525 billion thus far

FBR collects Rs 1,274.525 billion thus far

The Federal Board of Revenue (FBR) has provisionally collected Rs 1274.525 billion during July-May (2010-11) against downward revised annual target of Rs 1588 billion, reflecting a shortfall of Rs 313.475 billion. Sources told Business Recorder her
Published 29 May, 2011 12:00am
FBR collects Rs 1,274.525 billion thus far

FBR collects Rs 1,274.525 billion thus far

The Federal Board of Revenue (FBR) has provisionally collected Rs 1274.525 billion during July-May (2010-11) against downward revised annual target of Rs 1588 billion, reflecting a shortfall of Rs 313.475 billion. Sources told Business Recorder her
Published 29 May, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

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

Published 29 May, 2011 12:00am
FBR collects Rs 1,274.525 billion thus far

FBR collects Rs 1,274.525 billion thus far

The Federal Board of Revenue (FBR) has provisionally collected Rs 1274.525 billion during July-May (2010-11) against downward revised annual target of Rs 1588 billion, reflecting a shortfall of Rs 313.475 billion. Sources told Business Recorder her
Published 29 May, 2011 12:00am
Five percent combined ST rate acceptable by zero-rated sectors

Five percent combined ST rate acceptable by zero-rated sectors

Textile Association of the Council of All Pakistan Textile Associations (CAPTA) has in principle agreed to accept combined rate of 5 percent, instead of 4-6 percent, on the local supply chain of five zero-rated sectors in the budget for 2011-12.
Published 29 May, 2011 12:00am
Five percent combined ST rate acceptable by zero-rated sectors

Five percent combined ST rate acceptable by zero-rated sectors

Textile Association of the Council of All Pakistan Textile Associations (CAPTA) has in principle agreed to accept combined rate of 5 percent, instead of 4-6 percent, on the local supply chain of five zero-rated sectors in the budget for 2011-12.
Published 29 May, 2011 12:00am
Five percent combined ST rate acceptable by zero-rated sectors

Five percent combined ST rate acceptable by zero-rated sectors

Textile Association of the Council of All Pakistan Textile Associations (CAPTA) has in principle agreed to accept combined rate of 5 percent, instead of 4-6 percent, on the local supply chain of five zero-rated sectors in the budget for 2011-12.
Published 29 May, 2011 12:00am
Nespak gets green signal to undertake IP pipeline feasibility

Nespak gets green signal to undertake IP pipeline feasibility

The government has given green signal to National Engineering Services Pakistan (Nespak) to undertake feasibility study on Iran-Pakistan gas pipeline project, Business Recorder has learnt. This was decided during a meeting held in the Ministry of P
Published 29 May, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (May 28, 2011) and for Sunday (May 29, 2011).
Published 29 May, 2011 12:00am
Nespak gets green signal to undertake IP pipeline feasibility

Nespak gets green signal to undertake IP pipeline feasibility

The government has given green signal to National Engineering Services Pakistan (Nespak) to undertake feasibility study on Iran-Pakistan gas pipeline project, Business Recorder has learnt. This was decided during a meeting held in the Ministry of P
Published 29 May, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 28, 2011).

Published 29 May, 2011 12:00am
Nespak gets green signal to undertake IP pipeline feasibility

Nespak gets green signal to undertake IP pipeline feasibility

The government has given green signal to National Engineering Services Pakistan (Nespak) to undertake feasibility study on Iran-Pakistan gas pipeline project, Business Recorder has learnt. This was decided during a meeting held in the Ministry of P
Published 29 May, 2011 12:00am
Bullion Rates

Bullion Rates

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

Published 29 May, 2011 12:00am
Rs 26.52 billion irregularities detected in RPP deals

Rs 26.52 billion irregularities detected in RPP deals

Auditor General of Pakistan (AGP) has detected massive irregularities, embezzlements, losses and mismanagement amounting to more than Rs 26.52 billion and US $591.5 million in Rental Power Projects (RPPs) initiated by PEPCO and PPIB. According to AGP's Re
Published 29 May, 2011 12:00am
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