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Archive - 2011-06-11
Infosys inducts four to board
Asia

Infosys inducts four to board

BANGALORE : Infosys Technologies Ltd., India 's No. 2 software services exporter, on Saturday inducted four new members
Published 11 Jun, 2011 04:34pm
German sees no E.coli fault
Europe

German sees no E.coli fault

BERLIN : Officials investigating an organic farm in northern Germany said on Saturday they do not expect to take legal
Published 11 Jun, 2011 02:40pm
Qadhafi troops surround Zlitan
Africa

Qadhafi troops surround Zlitan

BENGHAZI: Troops loyal to Libyan leader Muammar Qadhafi were surrounding the city of Zlitan, just 160 km east of Tripoli
Published 11 Jun, 2011 12:33pm
Gilani, Karzai hold one-on-one meeting
Top News

Gilani, Karzai hold one-on-one meeting

ISLAMABAD : Prime Minister Syed Yousuf Raza Gilani and Afghan President Hamid Karzai on Saturday in their one-on-one mee
Published 11 Jun, 2011 08:13am
KP Budget at a glance
Top News

KP Budget at a glance

              PESHAWAR : The silent features of the Khyber Pakhtunkhwa Budget 2011-12, at a glan
Published 11 Jun, 2011 12:00am
KP unveils balance budget of Rs249.15bn
Top News

KP unveils balance budget of Rs249.15bn

PESHAWAR: The coalition government of ANP-PPP of Khyber Pakhtunkhwa Saturday presented a balanced budget of Rs.249.1
Published 11 Jun, 2011 12:00am
Chief Justice LHC disposes of petition

Chief Justice LHC disposes of petition

The Chief Justice Lahore High Court, on Friday disposed of a petition when director general PWD informed the court that the petitioner, a lady executive engineer of PWD has been posted to central civil division. Mrs Humera Khurram Khan replied in positive
Published 11 Jun, 2011 12:00am
Rs 14.8 billion allocated to Punjab health sector

Rs 14.8 billion allocated to Punjab health sector

The Punjab government has allocated Rs 14,800 million for the health sector in the provincial budget for 2011-12, against the current year's (2010-11) Rs 14,500 million.
Published 11 Jun, 2011 12:00am
Rs 14.8 billion allocated to Punjab health sector

Rs 14.8 billion allocated to Punjab health sector

The Punjab government has allocated Rs 14,800 million for the health sector in the provincial budget for 2011-12, against the current year's (2010-11) Rs 14,500 million.
Published 11 Jun, 2011 12:00am
Rs 5.9 billion earmarked for agriculture, livestock development

Rs 5.9 billion earmarked for agriculture, livestock development

In order to meet the challenges of food security and increasing the growth rate for employment generation and poverty reduction in rural areas, the Punjab government has collectively allocated Rs 5900 million for agriculture and livestock sectors developm
Published 11 Jun, 2011 12:00am
Rs 5.9 billion earmarked for agriculture, livestock development

Rs 5.9 billion earmarked for agriculture, livestock development

In order to meet the challenges of food security and increasing the growth rate for employment generation and poverty reduction in rural areas, the Punjab government has collectively allocated Rs 5900 million for agriculture and livestock sectors developm
Published 11 Jun, 2011 12:00am
Industrial sector to get 893 percent rise in 2011-12 Punjab budget

Industrial sector to get 893 percent rise in 2011-12 Punjab budget

The industrial sector in Punjab, that contributes 25 percent of the provincial GDP, along with other related departments, like commerce and investment, would get 893.06 percent more share as the Punjab government has allocated Rs 2860 million in the budge
Published 11 Jun, 2011 12:00am
Industrial sector to get 893 percent rise in 2011-12 Punjab budget

Industrial sector to get 893 percent rise in 2011-12 Punjab budget

The industrial sector in Punjab, that contributes 25 percent of the provincial GDP, along with other related departments, like commerce and investment, would get 893.06 percent more share as the Punjab government has allocated Rs 2860 million in the budge
Published 11 Jun, 2011 12:00am
FAP terms Punjab budget 'balanced'

FAP terms Punjab budget 'balanced'

Farmers Associates Pakistan (FAP) has termed the Punjab budget for 2011-12 as reasonably balanced but directed more towards urban areas rather than focusing on rural development. Chief Co-ordinator FAP Dr Muhammad Tariq Bucha while talking to Business Rec
Published 11 Jun, 2011 12:00am
Katich lashes selectors and bats on

Katich lashes selectors and bats on

Simon Katich hit out at selectors and Cricket Australia as he vowed Friday to bat on after the contentious loss of his Test contract for next season. The 56-Test veteran was stunned to be told Tuesday that he was cut from Cricket Australia's 25-man list o
Published 11 Jun, 2011 12:00am
Zaheer, Sreesanth out of West Indies Tests

Zaheer, Sreesanth out of West Indies Tests

Injured fast bowlers Zaheer Khan and Shanthakumaran Sreesanth were Friday ruled out of India's three-Test series against the West Indies starting later this month. The pace duo also missed out on the ongoing five-match One-day series in the Caribbean whic
Published 11 Jun, 2011 12:00am
Vettel hits Montreal's 'Wall of Champions'

Vettel hits Montreal's 'Wall of Champions'

Red Bull's Formula One leader Sebastian Vettel crashed into the 'Wall of Champions' on Friday while Germany's Nico Rosberg set the Canadian Grand Prix practice pace for Mercedes. World champion Vettel, winner of five of the season's first six races, provi
Published 11 Jun, 2011 12:00am
Roddick moves into semis at Queen's

Roddick moves into semis at Queen's

Andy Roddick kept his bid for a record fifth Queen's title on course as the American raced into the semi-finals with a 6-2, 6-2 victory over Spain's Fernando Verdasco on Friday. Since his last Queen's triumph back in 2007, Roddick has been trying to break
Published 11 Jun, 2011 12:00am
Hewitt dumped out of Halle

Hewitt dumped out of Halle

Defending champion Lleyton Hewitt has been dumped out of Halle's ATP grasscourt tournament after he went down in straight sets to Philipp Kohlschreiber in Friday's quarter-final. Kohlschreiber is into the semi-finals at Halle for the fourth time in his ca
Published 11 Jun, 2011 12:00am
Balotelli hit with speeding fine

Balotelli hit with speeding fine

Manchester City's Italy striker Mario Balotelli has had a new run-in with police after being stopped and fined for speeding through the streets of Milan on Thursday night. The 20-year-old, who was at the wheel of a rented car with illegally tinted windows
Published 11 Jun, 2011 12:00am
Pakistan mull Zimbabwe for Sri Lanka series

Pakistan mull Zimbabwe for Sri Lanka series

Pakistan are considering Zimbabwe as one of several options to host the home series against Sri Lanka later this year, a cricket official said Friday. Pakistan has been a virtual no-go zone for international teams since March 2009, when militants attacked
Published 11 Jun, 2011 12:00am
Five Mexican footballers suspended for doping

Five Mexican footballers suspended for doping

Five Mexican internationals currently taking part in the Gold Cup tournament were suspended Thursday for doping, the secretary general of the country's football federation (Femexfut) announced. Goalkeeper Guillermo Ochoa, who plays for the Mexican side Am
Published 11 Jun, 2011 12:00am
Mexico maul Cuba to reach quarters

Mexico maul Cuba to reach quarters

Javier Hernandez and Giovani dos Santos both scored twice as defending champions Mexico routed Cuba 5-0 in the Gold Cup on Thursday to become the first team to reach the quarter-finals. The win, Mexico's second 5-0 rout in a row, came hours after the news
Published 11 Jun, 2011 12:00am
No review system for England-India series

No review system for England-India series

Cricket's decision review system will not be used in the forthcoming Test series between England and India after the one-day world champions signalled their opposition, it was confirmed on Friday. A spokesman for the England and Wales Cricket Board (ECB)
Published 11 Jun, 2011 12:00am
Cantona to face Man Utd in Scholes testimonial

Cantona to face Man Utd in Scholes testimonial

Manchester United legend Eric Cantona will return to Old Trafford in August as the New York Cosmos face the Red Devils in Paul Scholes' testimonial match, it was confirmed on Friday. Cantona, regarded as the pivotal figure in United's early-to-mid-1990s d
Published 11 Jun, 2011 12:00am
English lower leagues opt for UEFA financial rules

English lower leagues opt for UEFA financial rules

English Football League clubs have agreed to adopt UEFA's financial fair play system amid mounting concerns over spiralling wage costs, it was confirmed Friday. The Football League said all 72 clubs outside the Premier League had agreed "in principle" to
Published 11 Jun, 2011 12:00am
Scientists race to avoid a bitter climate change harvest

Scientists race to avoid a bitter climate change harvest

Charlie Bragg gazes across his lush fields where fat lambs are grazing, his reservoirs filled with water, and issues a sigh of relief. Things are normal this year and that's a bit unusual of late. His 7,000-acre farm near the Australian town of Cootamundr
Published 11 Jun, 2011 12:00am
China's trade gap smaller, imports jump

China's trade gap smaller, imports jump

China posted a smaller-than-expected trade surplus in May of $13.1 billion because of soaring imports and weaker global demand growth, giving mixed signals about how the economy fared when some of its best export customers faltered. China's sales to the U
Published 11 Jun, 2011 12:00am
Norway sovereign fund becomes world's largest

Norway sovereign fund becomes world's largest

Norway's state pension fund has topped the United Arab Emirates' Abu Dhabi Investment Authority (ADIA) to become the largest sovereign wealth fund in the world, a US consultancy said. The fund, which contains nearly all state revenues from the oil sector
Published 11 Jun, 2011 12:00am
Norway sovereign fund becomes world's largest

Norway sovereign fund becomes world's largest

Norway's state pension fund has topped the United Arab Emirates' Abu Dhabi Investment Authority (ADIA) to become the largest sovereign wealth fund in the world, a US consultancy said. The fund, which contains nearly all state revenues from the oil sector
Published 11 Jun, 2011 12:00am
China, Chile sign accords to enhance trade

China, Chile sign accords to enhance trade

Chile and China signed a series of co-operative agreements Thursday in agriculture, finance and mining during a visit to Santiago by Chinese Vice President Xi Jinping. "The purpose of my visit to Chile is to enhance friendship, deepen co-operation and ach
Published 11 Jun, 2011 12:00am
UK industry limps into second quarter, Royal Wedding holiday weighs

UK industry limps into second quarter, Royal Wedding holiday weighs

British factory output fell at its sharpest monthly pace in around two years in April, hit by an extra holiday for the Royal Wedding and supply chain disruption from Japan's earthquake, and suggesting the economy made a lacklustre start to the second quar
Published 11 Jun, 2011 12:00am
Fed expanding capital tests for US banks

Fed expanding capital tests for US banks

The Federal Reserve will subject more banks to annual stress tests to determine whether they have enough capital and can raise their dividends. On Friday, the Fed said it is proposing that banks with $50 billion or more in assets be subjected to the capit
Published 11 Jun, 2011 12:00am
US import prices rise

US import prices rise

US import prices rose for an eighth straight month in May despite a drop in fuel costs, with the year-on-year increase reaching its highest level in nearly three years, according to data on Friday. The Labour Department said import prices climbed 0.2 perc
Published 11 Jun, 2011 12:00am
Goldman joins disclosure fight over Lehman claims

Goldman joins disclosure fight over Lehman claims

Goldman Sachs Group Inc and other banks fighting for control of Lehman Brothers Holdings Inc's bankruptcy have joined efforts to avoid sharing information about claims against the failed investment bank. In court papers filed Friday in US Bankruptcy Court
Published 11 Jun, 2011 12:00am
Opec signals need for bigger oil output

Opec signals need for bigger oil output

The Organisation of the Petroleum Exporting Countries (Opec) said Friday there would be a growing gap between its production and demand in the coming months, signalling a need to produce more oil. Opec's secretariat issued the analysis in its monthly mark
Published 11 Jun, 2011 12:00am
Morgan Stanley launches China securities venture

Morgan Stanley launches China securities venture

Morgan Stanley Friday launched a securities joint venture in China, boosting its presence in the booming mainland market after selling its stake in China International Capital Corp last year. The US investment bank said it will hold one-third of the tie-u
Published 11 Jun, 2011 12:00am
Russia to lift ban on EU vegetables

Russia to lift ban on EU vegetables

Russia on Friday agreed to lift its import ban on EU vegetables imposed in the wake of the E. coli outbreak that provoked a bitter trade row between Moscow and Brussels. After two days of summit talks, EU Commission chief Jose Manuel Barroso and Russian P
Published 11 Jun, 2011 12:00am
Apple relaxes subscription rules for publishers

Apple relaxes subscription rules for publishers

Apple is relaxing its iPad subscription rules in a move likely to be welcomed by newspaper and magazine publishers building applications for the popular tablet in a bid to increase revenue. Apple will no longer require publishers to offer subscriptions th
Published 11 Jun, 2011 12:00am
India's trade deficit widens

India's trade deficit widens

India's May trade deficit widened the most in nearly three years as the country's demand for oil, gold and industrial machinery soared, prompting concerns the gap for the fiscal year could expand despite a strong rebound in exports.
Published 11 Jun, 2011 12:00am
WTO warns of rising protectionism

WTO warns of rising protectionism

The world's trading nations are succumbing to protectionism in the wake of the global financial crisis, limiting exports of food and raw materials and installing new import barriers, the WTO warned on Friday. Commodities export restrictions from Indian co
Published 11 Jun, 2011 12:00am
New Zealand dollar hits 26-year peak

New Zealand dollar hits 26-year peak

The New Zealand dollar paused for breath on Friday after hitting a 26-year high, having outpaced a struggling Australian dollar as investors wagered kiwi interest rates could be the first to rise in coming months. The kiwi currency was enjoying the view a
Published 11 Jun, 2011 12:00am
Won cuts gains

Won cuts gains

The won was flat on Friday as continued risk reduction by investors on worries over the global economy and European debt woes outweighed a surprise rate hike by the Bank of Korea. Emerging Asian currencies began the session with some support from a reboun
Published 11 Jun, 2011 12:00am
Indian rupee little changed

Indian rupee little changed

The Indian rupee was little changed on Friday as the negative impact of weak local shares and a volatile euro was offset by robust corporate dollar inflows, but importer dollar demand capped gains. The partially convertible rupee ended at 44.72/73 per dol
Published 11 Jun, 2011 12:00am
Yuan lower

Yuan lower

The yuan closed down slightly versus the dollar on Friday, consolidating its recent gains, as the People's Bank of China fixed the mid-point a shade weaker for the second day after letting it hit a slew of record highs recently. Spot yuan closed at 6.4802
Published 11 Jun, 2011 12:00am
Swiss franc flat

Swiss franc flat

The Swiss franc was treading water against the euro on Friday as uncertainty about the euro zone's debt problems kept market participants from taking big positions. The franc was flat against the euro, trading at 1.2197, after the European Central Bank re
Published 11 Jun, 2011 12:00am
Euro declines in New York

Euro declines in New York

The euro fell on Thursday after the European Central Bank kept its 2012 inflation forecast unchanged, suggesting the pace of euro zone interest rate hikes may be slower than previously thought. ECB President Jean-Claude Trichet did signal that the benchma
Published 11 Jun, 2011 12:00am
Early trade in New York: Euro tumbles

Early trade in New York: Euro tumbles

The euro tumbled more than 1 percent against the dollar and yen on Friday, with more losses seen possible, as fears over Greece's debt returned to the forefront and investors curbed expectations about the European Central Bank's interest-rate hikes. A lac
Published 11 Jun, 2011 12:00am
Euro slips versus dollar in London

Euro slips versus dollar in London

The euro fell against the dollar on Friday and could extend its losses as worries over Greek debt return to centre stage while investors scale back expectations of the pace of European Central Bank interest rate hikes. Investors received mixed messages ab
Published 11 Jun, 2011 12:00am
Euro stays on defensive in Asia

Euro stays on defensive in Asia

The euro struggled to regain its footing on Friday although it held above one-week lows as worries about the eurozone's debt problems overwhelmed any support from a likely interest rate rise by the European Central Bank next month. Market participants shi
Published 11 Jun, 2011 12:00am
Sterling near two-week low

Sterling near two-week low

Sterling hovered near a two-week low against the dollar on Friday, dented by a sharp fall in UK industrial output, while concerns about global growth dampened demand for perceived riskier currencies and assets. Data showed UK industrial output contracted
Published 11 Jun, 2011 12:00am
Euribor rates climb

Euribor rates climb

Investors scaled back bets for European Central Bank interest rate hikes beyond July on Friday, as uncertainty over Greece and the strength of the eurozone recovery offset hawkish comments from ECB policymakers. Euribor lending rates were fixed at a fresh
Published 11 Jun, 2011 12:00am
FTSE ends below key levels

FTSE ends below key levels

Britain's FTSE 100 closed below key technical levels on Friday as more downbeat economic data intensified worries about the health of the global economy. Import prices in the United States rose for the eighth straight month, hinting at ongoing price press
Published 11 Jun, 2011 12:00am
Vienna exchange sees drop in trade over tax

Vienna exchange sees drop in trade over tax

A new capital gains tax has caused a massive drop in trade on the Vienna stock exchange this year, according to data published on the exchange's website. The Vienna bourse reported a trading volume of 4.41 billion euros ($6.39 billion) in May 2011, 42 per
Published 11 Jun, 2011 12:00am
Seoul shares dip 1.2 percent

Seoul shares dip 1.2 percent

Seoul shares fell for a seventh consecutive session on Friday, led by tech issues, as a rate hike dampened investor sentiment amid lingering worries over the economic recovery. The Korea Composite Stock Price Index declined 1.19 percent at 2,046.67 points
Published 11 Jun, 2011 12:00am
Global growth concerns drag down European shares

Global growth concerns drag down European shares

European shares fell to a three-month closing low on Friday and posted their sixth week of losses after downbeat Chinese trade data stoked concerns about the outlook for global growth and company earnings. Fears of a slowdown in global growth were sparked
Published 11 Jun, 2011 12:00am
Shanghai stocks rise, B-shares slump

Shanghai stocks rise, B-shares slump

Hong Kong shares fell for a seventh straight session on Friday, with short sellers continuing to hit Chinese banking stocks and drive valuations further into single digits. Slowing economic growth and the prospect of tighter risk management rules have bee
Published 11 Jun, 2011 12:00am
Treasuries decline

Treasuries decline

US Treasury debt prices fell on Thursday as bargain-hunting investors favoured stocks after six straight days of declines and the Treasury's auction of 30-year bonds drew tepid demand. Yields on the benchmark 10-year note, which had dipped to six-month lo
Published 11 Jun, 2011 12:00am
Treasuries decline

Treasuries decline

US Treasury debt prices fell on Thursday as bargain-hunting investors favoured stocks after six straight days of declines and the Treasury's auction of 30-year bonds drew tepid demand. Yields on the benchmark 10-year note, which had dipped to six-month lo
Published 11 Jun, 2011 12:00am
Indian shares fall for third week

Indian shares fall for third week

Indian shares fell for the third week in four on Friday, hurt by slower April industrial output growth and weak world equities, and a lack of positive triggers kept next week's outlook subdued. Financials led the losses on concerns slowing industrial grow
Published 11 Jun, 2011 12:00am
Wall Street bounce fails to impress the sceptics

Wall Street bounce fails to impress the sceptics

Wall Street ended higher for the first time in over a week on Thursday, with the Dow and the S&P 500 rising 1 percent at one point, but many analysts saw the rebound as short-lived. A report showing record US exports in April eased some concerns about a s
Published 11 Jun, 2011 12:00am
Friday's early afternoon trade: Nasdaq off for the year

Friday's early afternoon trade: Nasdaq off for the year

Wall Street resumed its slide on Friday, with the Nasdaq turning negative for the year, after China's weaker trade data and disputes about a second Greece bailout hurt already fragile sentiment. Bank stocks ranked among the top decliners.
Published 11 Jun, 2011 12:00am
Nikkei stays up

Nikkei stays up

Japan's Nikkei share average rose on Friday, taking cues from receding worries over the US economy after a spike in export data, though market players remained sceptical it would break through resistance from its 200-day moving average. Gains were trimmed
Published 11 Jun, 2011 12:00am
Southeast Asian markets mixed

Southeast Asian markets mixed

Southeast Asian stock markets closed narrowly mixed on Friday in light volume, with foreign outflows sending all the main bourses down on the week because of worries about global economic growth, plus political concerns in Thailand. Appetite for risk was
Published 11 Jun, 2011 12:00am
Taiwan stocks tumble

Taiwan stocks tumble

Taiwan stocks fell 1.81 percent on Friday, the worst performing market in the region, with smartphone maker HTC Corp falling by the maximum allowed in a day after brokerage Goldman Sachs removed the company from its conviction list. Fund managers expect s
Published 11 Jun, 2011 12:00am
Brazil's economy shows new signs of slowdown

Brazil's economy shows new signs of slowdown

Brazil's booming economy showed new signs of a moderate slowdown on Friday, as consumers and factories responded to tighter credit, easing worries about overheating. Retail sales unexpectedly slid 0.2 percent in April from March, the first such decline in
Published 11 Jun, 2011 12:00am
Hong Kong finance chief warns against property prices

Hong Kong finance chief warns against property prices

Hong Kong's finance chief said Friday risks for property buyers in the territory were "higher now than ever" as he announced new measures to tame the world's least affordable real estate prices. Financial Secretary John Tsang said the government of the qu
Published 11 Jun, 2011 12:00am
Russia's Rosneft looks to future after BP

Russia's Rosneft looks to future after BP

Russia's state oil giant Rosneft charted a global future without BP on Friday after the British firm pronounced their much-maligned alliance effectively dead. "Rosneft will be placing a special emphasis on creating partnerships with international energy i
Published 11 Jun, 2011 12:00am
Bank of Korea surprises finance market with rate rise

Bank of Korea surprises finance market with rate rise

South Korea's central bank raised interest rates on Friday for the third time this year, surprising financial markets, as the government warned of rising inflation risks even as growth in Asia's fourth-largest economy cools. The Bank of Korea raised its b
Published 11 Jun, 2011 12:00am
Growers raise cotton prices due to Texas drought, high cost of inputs

Growers raise cotton prices due to Texas drought, high cost of inputs

Prices were on the bullish side on the cotton market on Friday as growers were demanding higher prices due to high cost of inputs and cut in cotton production in Texas owing to drought, dealers said. The Karachi Cotton Association (KCA) retained the offic
Published 11 Jun, 2011 12:00am
No change on grain market

No change on grain market

Not a single change was seen on the wholesale grain and seed market on Friday as almost all participants were busy in preparation for Juma prayers, grain and seed merchants group's press release said.
Published 11 Jun, 2011 12:00am
Budgets after 18th Amend: 'development-focused' Punjab budget

Budgets after 18th Amend: 'development-focused' Punjab budget

Punjab Minister for Finance Kamran Michael here on Friday presented a Rs 654.74 billion budget for 2011-2012 in the Punjab Assembly. The proposed budget allocates Rs 220 billion for the ADP. The total outlay of the budget envisages an increase of 15 perce
Published 11 Jun, 2011 12:00am
Spanish grain farmers eye good crop, tight supply

Spanish grain farmers eye good crop, tight supply

Spanish grain farmers expect to reap the benefits of producing their best harvest for three years this summer just as global supplies are tightening and driving prices higher. Asaja recalled in a statement that the International Grains Council forecasts f
Published 11 Jun, 2011 12:00am
Budgets after 18th Amend: 'development-focused' Punjab budget

Budgets after 18th Amend: 'development-focused' Punjab budget

Punjab Minister for Finance Kamran Michael here on Friday presented a Rs 654.74 billion budget for 2011-2012 in the Punjab Assembly. The proposed budget allocates Rs 220 billion for the ADP. The total outlay of the budget envisages an increase of 15 perce
Published 11 Jun, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 84,538 tonnes of cargo including 49,080 tonnes of import cargo, 35,458 tonnes of export cargo and 2,938 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 49,080 tonnes comprise
Published 11 Jun, 2011 12:00am
Budgets after 18th Amend: ''development-focused'' Punjab budget

Budgets after 18th Amend: ''development-focused'' Punjab budget

Punjab Minister for Finance Kamran Michael here on Friday presented a Rs 654.74 billion budget for 2011-2012 in the Punjab Assembly. The proposed budget allocates Rs 220 billion for the ADP. The total outlay of the budget envisages an increase of 15 perce
Published 11 Jun, 2011 12:00am
US wheat futures fall

US wheat futures fall

US wheat futures fell on Thursday following bearish data from the US Agriculture Department that predicted bigger-than-expected crop production and ending supplies for the 2011/12 crop year, traders said. The declines in wheat were limited by sharp gains
Published 11 Jun, 2011 12:00am
Budgets after 18th Amend: ''''development-focused'''' Punjab budget

Budgets after 18th Amend: ''''development-focused'''' Punjab budget

Punjab Minister for Finance Kamran Michael here on Friday presented a Rs 654.74 billion budget for 2011-2012 in the Punjab Assembly. The proposed budget allocates Rs 220 billion for the ADP. The total outlay of the budget envisages an increase of 15 perce
Published 11 Jun, 2011 12:00am
Pakistan at a crossroad

Pakistan at a crossroad

Pakistanis are an emotional lot. Their emotions erupt easily, turning them violent. But in the mass movement spearheaded by the lawyers, the emotionally charged public remained non-violent despite physical and psychological intimidations. Reason?
Published 11 Jun, 2011 12:00am
Tax measures seek to target affluent class

Tax measures seek to target affluent class

The Punjab Finance Bill 2011-12 tabled before the provincial assembly on Friday proposed to impose tax on the Punjab's affluent class to generate more revenue by levying tax on farm houses, education cess on elite clubs, duty on special classes of enterta
Published 11 Jun, 2011 12:00am
KARACHI CHRONICLE: The vulnerable press

KARACHI CHRONICLE: The vulnerable press

On Tuesday May 31 an SMS was flashed on cell phones of journalists throughout the country. It said, "Sad news. Saleem Shahzad assassinated." I stared and stared at the message. So many emotions stabbed my soul: shock, disbelief, anger, hurt, pain, helples
Published 11 Jun, 2011 12:00am
Tax measures seek to target affluent class

Tax measures seek to target affluent class

The Punjab Finance Bill 2011-12 tabled before the provincial assembly on Friday proposed to impose tax on the Punjab's affluent class to generate more revenue by levying tax on farm houses, education cess on elite clubs, duty on special classes of enterta
Published 11 Jun, 2011 12:00am
ART FACTS: 'The Picasso of India'

ART FACTS: 'The Picasso of India'

An artist who paints with a curiosity is far better than one who paints with an objective in mind. The former doesn't want his journey to end and wants to see continuously beyond the ordinary appearance of things. And Maqbool Fida Hussain (Who was known s
Published 11 Jun, 2011 12:00am
Tax measures seek to target affluent class

Tax measures seek to target affluent class

The Punjab Finance Bill 2011-12 tabled before the provincial assembly on Friday proposed to impose tax on the Punjab''s affluent class to generate more revenue by levying tax on farm houses, education cess on elite clubs, duty on special classes of entert
Published 11 Jun, 2011 12:00am
BOOK REVIEW: 'Tyranny of Language in Education'

BOOK REVIEW: 'Tyranny of Language in Education'

In an atmosphere wherein the so-called English Medium Schools are growing like mushrooms across the country and institutions of graduation and higher levels are spreading like commercial chains, the question of education and medium of instruction has beca
Published 11 Jun, 2011 12:00am
Rs 220 billion ADP presented

Rs 220 billion ADP presented

The Punjab government has prepared a Rs 220 billion Annual Development Programme (ADP) for fiscal year 2011-12, showing an over 13 percent increase as compared to the last year's Rs 193.5 billion. The ADP has been formulated within a Medium Term Developme
Published 11 Jun, 2011 12:00am
BRIDGE NOTES: Lured by the trump suit

BRIDGE NOTES: Lured by the trump suit

Dummy play has different levels for different players depending on their limitations in vision and comprehension of the contract as a whole. Those who seek out a fool proof line of play than others which is more safe and nearer to success are termed the a
Published 11 Jun, 2011 12:00am
Rs 220 billion ADP presented

Rs 220 billion ADP presented

The Punjab government has prepared a Rs 220 billion Annual Development Programme (ADP) for fiscal year 2011-12, showing an over 13 percent increase as compared to the last year's Rs 193.5 billion. The ADP has been formulated within a Medium Term Developme
Published 11 Jun, 2011 12:00am
Rs 220 billion ADP presented

Rs 220 billion ADP presented

The Punjab government has prepared a Rs 220 billion Annual Development Programme (ADP) for fiscal year 2011-12, showing an over 13 percent increase as compared to the last year''s Rs 193.5 billion. The ADP has been formulated within a Medium Term Developm
Published 11 Jun, 2011 12:00am
New York cotton

New York cotton

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

Published 11 Jun, 2011 12:00am
Rs nine billion allocated for power projects

Rs nine billion allocated for power projects

The Punjab government has allocated Rs 9,000 million in ADP 2011-12 to make investments in power projects for power generation during the current year. As per budget document, the Punjab government attaches high priority to accelerate development of energ
Published 11 Jun, 2011 12:00am
New York cotton

New York cotton

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

Published 11 Jun, 2011 12:00am
Rs nine billion allocated for power projects

Rs nine billion allocated for power projects

The Punjab government has allocated Rs 9,000 million in ADP 2011-12 to make investments in power projects for power generation during the current year. As per budget document, the Punjab government attaches high priority to accelerate development of energ
Published 11 Jun, 2011 12:00am
Rs nine billion allocated for power projects

Rs nine billion allocated for power projects

The Punjab government has allocated Rs 9,000 million in ADP 2011-12 to make investments in power projects for power generation during the current year. As per budget document, the Punjab government attaches high priority to accelerate development of energ
Published 11 Jun, 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 11 Jun, 2011 12:00am
Opponents get physical

Opponents get physical

A pandemonium was the hallmark of the Punjab Budget 2011-12 in the Punjab Assembly on Friday when the 'chosen people' (legislators) of both benches went in to a scuffle totally forgetting the sanctity of the House. Opposition leader Raja Riaz of PPP creat
Published 11 Jun, 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 11 Jun, 2011 12:00am
Opponents get physical

Opponents get physical

A pandemonium was the hallmark of the Punjab Budget 2011-12 in the Punjab Assembly on Friday when the 'chosen people' (legislators) of both benches went in to a scuffle totally forgetting the sanctity of the House. Opposition leader Raja Riaz of PPP creat
Published 11 Jun, 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 (June 10, 2011).

Published 11 Jun, 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 (June 10, 2011).

Published 11 Jun, 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 (June 10, 2011).

Published 11 Jun, 2011 12:00am
Index gains 47.63 points

Index gains 47.63 points

The KSE-100 index on Friday increased by 47.63 points to close at 12,377.77 points on the back of fresh buying, mainly in heavyweight oil sector stocks. The market opened on a strong positive note and the index breached 12,400 points level to hit 12,420.6
Published 11 Jun, 2011 12:00am
Index gains 47.63 points

Index gains 47.63 points

The KSE-100 index on Friday increased by 47.63 points to close at 12,377.77 points on the back of fresh buying, mainly in heavyweight oil sector stocks. The market opened on a strong positive note and the index breached 12,400 points level to hit 12,420.6
Published 11 Jun, 2011 12:00am
Index gains 47.63 points

Index gains 47.63 points

The KSE-100 index on Friday increased by 47.63 points to close at 12,377.77 points on the back of fresh buying, mainly in heavyweight oil sector stocks. The market opened on a strong positive note and the index breached 12,400 points level to hit 12,420.6
Published 11 Jun, 2011 12:00am
BRIndex30 up 17.96 points

BRIndex30 up 17.96 points

On Friday, the BRIndex30 opened at 8,937.68 points and remained in positive throughout the trading session. It touched the intra-day high of 9,005.33 points and low of 8,944.43 points, and closed at 8,955.64 points with a net positive change of 17.96 poin
Published 11 Jun, 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 (June 10, 2011).

Published 11 Jun, 2011 12:00am
BRIndex30 up 17.96 points

BRIndex30 up 17.96 points

On Friday, the BRIndex30 opened at 8,937.68 points and remained in positive throughout the trading session. It touched the intra-day high of 9,005.33 points and low of 8,944.43 points, and closed at 8,955.64 points with a net positive change of 17.96 poin
Published 11 Jun, 2011 12:00am
Receipts greater than expenditure in Sindh's outlay

Receipts greater than expenditure in Sindh's outlay

The Sindh Finance Minister, Syed Murad Ali Shah on Friday unveiled a Rs 458.428 billion budget for the fiscal year 2011-12 before the Sindh Assembly with a surplus amount of Rs 882 million and Rs 457.546 billion expenditure. The provincial government adds
Published 11 Jun, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (June 10, 2011).
Published 11 Jun, 2011 12:00am
Receipts greater than expenditure in Sindh's outlay

Receipts greater than expenditure in Sindh's outlay

The Sindh Finance Minister, Syed Murad Ali Shah on Friday unveiled a Rs 458.428 billion budget for the fiscal year 2011-12 before the Sindh Assembly with a surplus amount of Rs 882 million and Rs 457.546 billion expenditure. The provincial government adds
Published 11 Jun, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (June 10, 2011).

Published 11 Jun, 2011 12:00am
Receipts greater than expenditure in Sindh''s outlay

Receipts greater than expenditure in Sindh''s outlay

The Sindh Finance Minister, Syed Murad Ali Shah on Friday unveiled a Rs 458.428 billion budget for the fiscal year 2011-12 before the Sindh Assembly with a surplus amount of Rs 882 million and Rs 457.546 billion expenditure. The provincial government adds
Published 11 Jun, 2011 12:00am
Receipts greater than expenditure in Sindh''''s outlay

Receipts greater than expenditure in Sindh''''s outlay

The Sindh Finance Minister, Syed Murad Ali Shah on Friday unveiled a Rs 458.428 billion budget for the fiscal year 2011-12 before the Sindh Assembly with a surplus amount of Rs 882 million and Rs 457.546 billion expenditure. The provincial government adds
Published 11 Jun, 2011 12:00am
Rs 161 billion development outlay proposed

Rs 161 billion development outlay proposed

The Sindh government has estimated total development outlay for the province at Rs 161 billion for next fiscal year. This amount also includes Rs 20 billion of district governments Annual Development Programme. The Sindh government has estimated Rs 142 bi
Published 11 Jun, 2011 12:00am
Rs 161 billion development outlay proposed

Rs 161 billion development outlay proposed

The Sindh government has estimated total development outlay for the province at Rs 161 billion for next fiscal year. This amount also includes Rs 20 billion of district governments Annual Development Programme. The Sindh government has estimated Rs 142 bi
Published 11 Jun, 2011 12:00am
Rs 161 billion development outlay proposed

Rs 161 billion development outlay proposed

The Sindh government has estimated total development outlay for the province at Rs 161 billion for next fiscal year. This amount also includes Rs 20 billion of district governments Annual Development Programme. The Sindh government has estimated Rs 142 bi
Published 11 Jun, 2011 12:00am
Special salary package for young doctors

Special salary package for young doctors

The Sindh government has proposed a special salary package worth Rs 2.9 billion for young doctors working in government medical hospitals. The Sindh Finance Minister Murad Ali Shah has revealed in his budget speech that proactive approach adopted by Gover
Published 11 Jun, 2011 12:00am
Special salary package for young doctors

Special salary package for young doctors

The Sindh government has proposed a special salary package worth Rs 2.9 billion for young doctors working in government medical hospitals. The Sindh Finance Minister Murad Ali Shah has revealed in his budget speech that proactive approach adopted by Gover
Published 11 Jun, 2011 12:00am
Special salary package for young doctors

Special salary package for young doctors

The Sindh government has proposed a special salary package worth Rs 2.9 billion for young doctors working in government medical hospitals. The Sindh Finance Minister Murad Ali Shah has revealed in his budget speech that proactive approach adopted by Gover
Published 11 Jun, 2011 12:00am
Sindh Bank posted Rs 382 million profit in three months

Sindh Bank posted Rs 382 million profit in three months

Sindh Bank has earned a profit of Rs 382 million during the first half of current calendar year and is expected to earn a profit of Rs 1.5 billion by the end of first year. During his budget speech, provincial finance minister Murad Ali Shah revealed that
Published 11 Jun, 2011 12:00am
Sindh Bank posted Rs 382 million profit in three months

Sindh Bank posted Rs 382 million profit in three months

Sindh Bank has earned a profit of Rs 382 million during the first half of current calendar year and is expected to earn a profit of Rs 1.5 billion by the end of first year. During his budget speech, provincial finance minister Murad Ali Shah revealed that
Published 11 Jun, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (June 10, 2011).

Published 11 Jun, 2011 12:00am
Sindh Bank posted Rs 382 million profit in three months

Sindh Bank posted Rs 382 million profit in three months

Sindh Bank has earned a profit of Rs 382 million during the first half of current calendar year and is expected to earn a profit of Rs 1.5 billion by the end of first year. During his budget speech, provincial finance minister Murad Ali Shah revealed that
Published 11 Jun, 2011 12:00am
Steps taken to boost fisheries, livestock

Steps taken to boost fisheries, livestock

Sindh Finance Minister Syed Murad Ali Shah on Friday said the government had spent Rs 172 million to modernise the Karachi fish harbour in line with EU standards, as an effort to resume the country's seafood exports to the European countries. In his budge
Published 11 Jun, 2011 12:00am
Steps taken to boost fisheries, livestock

Steps taken to boost fisheries, livestock

Sindh Finance Minister Syed Murad Ali Shah on Friday said the government had spent Rs 172 million to modernise the Karachi fish harbour in line with EU standards, as an effort to resume the country's seafood exports to the European countries. In his budge
Published 11 Jun, 2011 12:00am
Steps taken to boost fisheries, livestock

Steps taken to boost fisheries, livestock

Sindh Finance Minister Syed Murad Ali Shah on Friday said the government had spent Rs 172 million to modernise the Karachi fish harbour in line with EU standards, as an effort to resume the country''s seafood exports to the European countries. In his budg
Published 11 Jun, 2011 12:00am
CIA chief on visit to repair ties with Pakistan

CIA chief on visit to repair ties with Pakistan

CIA Director Leon Panetta met over dinner Friday with ISI chief and army head for talks on how to repair ties between the two countries that were fractured by the American raid that killed Osama bin Laden, a Pakistani and an American official said. Panett
Published 11 Jun, 2011 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities on Friday moved both the ways on the Lahore Stock Exchange (LSE) and finally ended in negative zone amid improved trading turnover on account of selling pressure. The LSE-25 index marginally was declined by 2.72 points and ended at 3223.00 points
Published 11 Jun, 2011 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities on Friday moved both the ways on the Lahore Stock Exchange (LSE) and finally ended in negative zone amid improved trading turnover on account of selling pressure. The LSE-25 index marginally was declined by 2.72 points and ended at 3223.00 points
Published 11 Jun, 2011 12:00am
ISE index down 2.13 points

ISE index down 2.13 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 2.13 points, as the Index moved from 2,796.07 to 2793.94 points. T
Published 11 Jun, 2011 12:00am
ISE index down 2.13 points

ISE index down 2.13 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 2.13 points, as the Index moved from 2,796.07 to 2793.94 points. T
Published 11 Jun, 2011 12:00am
Cyclone threat to coastal belt averted

Cyclone threat to coastal belt averted

The intensity of the cyclone for which warnings have been held out to Pakistan's coastal areas, has now decreased substantially and according to the MET department, there is no longer a danger to the country's coastal belts.
Published 11 Jun, 2011 12:00am
Cyclone threat to coastal belt averted

Cyclone threat to coastal belt averted

The intensity of the cyclone for which warnings have been held out to Pakistan's coastal areas, has now decreased substantially and according to the MET department, there is no longer a danger to the country's coastal belts.
Published 11 Jun, 2011 12:00am
SECP reorganised into five divisions, five departments

SECP reorganised into five divisions, five departments

The Securities and Exchange Commission of Pakistan (SECP) in respect of its functions and to exercise its powers effectively and efficiently has reorganised itself into five Divisions and five Departments, apart from the Appellate Bench, and Chairman, and
Published 11 Jun, 2011 12:00am
SECP reorganised into five divisions, five departments

SECP reorganised into five divisions, five departments

The Securities and Exchange Commission of Pakistan (SECP) in respect of its functions and to exercise its powers effectively and efficiently has reorganised itself into five Divisions and five Departments, apart from the Appellate Bench, and Chairman, and
Published 11 Jun, 2011 12:00am
SECP reorganised into five divisions, five departments

SECP reorganised into five divisions, five departments

The Securities and Exchange Commission of Pakistan (SECP) in respect of its functions and to exercise its powers effectively and efficiently has reorganised itself into five Divisions and five Departments, apart from the Appellate Bench, and Chairman, and
Published 11 Jun, 2011 12:00am
India says acquittal 'no setback'

India says acquittal 'no setback'

India on Friday said it would press on with attempts to try a Pakistan-born Canadian citizen over the 2008 Mumbai attacks, despite a US jury finding him not guilty of involvement. The country's internal security secretary, UK Bansal, said the government i
Published 11 Jun, 2011 12:00am
India says acquittal 'no setback'

India says acquittal 'no setback'

India on Friday said it would press on with attempts to try a Pakistan-born Canadian citizen over the 2008 Mumbai attacks, despite a US jury finding him not guilty of involvement. The country's internal security secretary, UK Bansal, said the government i
Published 11 Jun, 2011 12:00am
Power system: World Bank concerned over slow progress of work

Power system: World Bank concerned over slow progress of work

The World Bank (WB) has expressed its concern over slow progress in small metering project, hiring of International Procurement Advisor (IPA) and rehabilitation of power sector's transmission system. This is the crux of the meeting between Rachid Benmessa
Published 11 Jun, 2011 12:00am
Power system: World Bank concerned over slow progress of work

Power system: World Bank concerned over slow progress of work

The World Bank (WB) has expressed its concern over slow progress in small metering project, hiring of International Procurement Advisor (IPA) and rehabilitation of power sector's transmission system. This is the crux of the meeting between Rachid Benmessa
Published 11 Jun, 2011 12:00am
Power system: World Bank concerned over slow progress of work

Power system: World Bank concerned over slow progress of work

The World Bank (WB) has expressed its concern over slow progress in small metering project, hiring of International Procurement Advisor (IPA) and rehabilitation of power sector''s transmission system. This is the crux of the meeting between Rachid Benmess
Published 11 Jun, 2011 12:00am
July-May 2010-11: remittances cross historic $10 billion mark

July-May 2010-11: remittances cross historic $10 billion mark

The remittances sent home by overseas Pakistani workers have crossed $10 billion mark for the first time in the history of the country. They have remitted an amount of $10,096.40 million in the first eleven months (July-May) of the current fiscal year (20
Published 11 Jun, 2011 12:00am
July-May 2010-11: remittances cross historic $10 billion mark

July-May 2010-11: remittances cross historic $10 billion mark

The remittances sent home by overseas Pakistani workers have crossed $10 billion mark for the first time in the history of the country. They have remitted an amount of $10,096.40 million in the first eleven months (July-May) of the current fiscal year (20
Published 11 Jun, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 11 Jun, 2011 12:00am
July-May 2010-11: remittances cross historic $10 billion mark

July-May 2010-11: remittances cross historic $10 billion mark

The remittances sent home by overseas Pakistani workers have crossed $10 billion mark for the first time in the history of the country. They have remitted an amount of $10,096.40 million in the first eleven months (July-May) of the current fiscal year (20
Published 11 Jun, 2011 12:00am
Prime Minister directs KESC to ensure smooth power supply

Prime Minister directs KESC to ensure smooth power supply

Prime Minister, Syed Yousuf Raza Gilani on Friday directed Karachi Electricity Supply Company (KESC) to make all-out efforts to improve the supply of power to the citizens of Karachi. Chairing a special meeting on labour-related issues of the KESC at the
Published 11 Jun, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 11 Jun, 2011 12:00am
Prime Minister directs KESC to ensure smooth power supply

Prime Minister directs KESC to ensure smooth power supply

Prime Minister, Syed Yousuf Raza Gilani on Friday directed Karachi Electricity Supply Company (KESC) to make all-out efforts to improve the supply of power to the citizens of Karachi. Chairing a special meeting on labour-related issues of the KESC at the
Published 11 Jun, 2011 12:00am
Prime Minister directs KESC to ensure smooth power supply

Prime Minister directs KESC to ensure smooth power supply

Prime Minister, Syed Yousuf Raza Gilani on Friday directed Karachi Electricity Supply Company (KESC) to make all-out efforts to improve the supply of power to the citizens of Karachi. Chairing a special meeting on labour-related issues of the KESC at the
Published 11 Jun, 2011 12:00am
Islamabad and Kabul agree to expand trade cooperation

Islamabad and Kabul agree to expand trade cooperation

Pakistan and Afghanistan on Friday decided to further expand their co-operation in all fields especially in trade for better future of the peoples of the two countries and to promote peace and security in the region.
Published 11 Jun, 2011 12:00am
Islamabad and Kabul agree to expand trade cooperation

Islamabad and Kabul agree to expand trade cooperation

Pakistan and Afghanistan on Friday decided to further expand their co-operation in all fields especially in trade for better future of the peoples of the two countries and to promote peace and security in the region.
Published 11 Jun, 2011 12:00am
Islamabad and Kabul agree to expand trade cooperation

Islamabad and Kabul agree to expand trade cooperation

Pakistan and Afghanistan on Friday decided to further expand their co-operation in all fields especially in trade for better future of the peoples of the two countries and to promote peace and security in the region.
Published 11 Jun, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (June 10, 2011).

Published 11 Jun, 2011 12:00am
Containers for Afghanistan: transit fee to be charged in dollars

Containers for Afghanistan: transit fee to be charged in dollars

The government has decided to impose transit fee in US dollars on containers destined for Afghanistan, as presently the Federal Board of Revenue is not collecting any fee or charges from Afghan commercial cargoes or Nato containers.
Published 11 Jun, 2011 12:00am
Containers for Afghanistan: transit fee to be charged in dollars

Containers for Afghanistan: transit fee to be charged in dollars

The government has decided to impose transit fee in US dollars on containers destined for Afghanistan, as presently the Federal Board of Revenue is not collecting any fee or charges from Afghan commercial cargoes or Nato containers.
Published 11 Jun, 2011 12:00am
Containers for Afghanistan: transit fee to be charged in dollars

Containers for Afghanistan: transit fee to be charged in dollars

The government has decided to impose transit fee in US dollars on containers destined for Afghanistan, as presently the Federal Board of Revenue is not collecting any fee or charges from Afghan commercial cargoes or Nato containers.
Published 11 Jun, 2011 12:00am
US man cleared of role in Mumbai attack

US man cleared of role in Mumbai attack

A US jury has found a Pakistan-born Chicago man guilty of plotting an aborted attack on a Danish newspaper and aiding Pakistani terrorists, but cleared him of any role in the 2008 Mumbai siege. Tahawwur Hussain Rana, 50, faces up to 30 years in jail for h
Published 11 Jun, 2011 12:00am
US man cleared of role in Mumbai attack

US man cleared of role in Mumbai attack

A US jury has found a Pakistan-born Chicago man guilty of plotting an aborted attack on a Danish newspaper and aiding Pakistani terrorists, but cleared him of any role in the 2008 Mumbai siege. Tahawwur Hussain Rana, 50, faces up to 30 years in jail for h
Published 11 Jun, 2011 12:00am
OICCI appreciates federal budget

OICCI appreciates federal budget

The Overseas Investors Chamber of Commerce and Industry (OICCI) has appreciated the efforts of the government in announcing a budget with positive measures despite the economic difficulties and operating constraints prevalent in the country. The OICCI Pre
Published 11 Jun, 2011 12:00am
KU announces B Com Annual Exam result

KU announces B Com Annual Exam result

The University of Karachi on Friday announced the result of B.Com. Part II, both Parts (Regular) Annual Examination 2010. The first position was shared by Hunain of the Institute of Business Education and Ariba Israr of the Government College of Commerce
Published 11 Jun, 2011 12:00am
THE RUPEE: dollar, euro fall further

THE RUPEE: dollar, euro fall further

The rupee managed to hold the overnight firmness against dollar and euro on the currency market on Friday, experts said. The rupee picked up seven paisa versus dollar for buying and selling at 85.63 and 85.67 despite the higher demand for the US currency,
Published 11 Jun, 2011 12:00am
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