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Archive - 2011-06-15
Syrian envoy due in Turkey
Middle East

Syrian envoy due in Turkey

ISTANBUL : A Syrian envoy was due in Turkey on Wednesday for crisis talks with Prime Minister Tayyip Erdogan, days aft
Published 15 Jun, 2011 12:45pm
Euro zone April output up
Europe

Euro zone April output up

BRUSSELS : Euro zone industrial output unexpectedly rose in April from March, data showed, though economists said the re
Published 15 Jun, 2011 12:30pm
South Africa retail sales up at 9.8pc
Top News

South Africa retail sales up at 9.8pc

JOHANNESBURG : Growth in South Africa 's retail sales accelerated to 9.8 percent year-on-year at constant prices in A
Published 15 Jun, 2011 12:06pm
FWBL signs MoU with IWCCI
Top News

FWBL signs MoU with IWCCI

ISLAMABAD : Shafqat Sultana President, First Women Bank Limited (FWBL), on Wednesday said that the institution will cont
Published 15 Jun, 2011 11:39am
PIAF urges FBR to withdraw amendment
Top News

PIAF urges FBR to withdraw amendment

LAHORE : Pakistan Industrial and Traders Associations Front (PIAF) has urged the Federal Board of Revenue to withdraw
Published 15 Jun, 2011 10:54am
FPCCI delegation to visit Uzbekistan
Top News

FPCCI delegation to visit Uzbekistan

ISLAMABAD: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has decided to take a 100-member delegati
Published 15 Jun, 2011 10:32am
Oil mixed in Asian trade
Energy

Oil mixed in Asian trade

SINGAPORE : Oil prices were mixed in Asian trade Wednesday as a pickup in Chinese industrial output and forecasts of a s
Published 15 Jun, 2011 07:31am
House panel limits US aid
Top News

House panel limits US aid

WASHINGTON : The House Appropriations Committee has approved a defence spending bill that imposes limits on US aid to
Published 15 Jun, 2011 12:00am
About time for taxes
BR Research

About time for taxes

Now that the IMF has put restrictions on the $3 billion odd remaining two tranches to Pakistan, it is high time the decision makers started
Published 15 Jun, 2011 12:00am
World Blood Donor Day termed healthy, sacred activity

World Blood Donor Day termed healthy, sacred activity

Renowned Pakistani Cardiologist Dr Raza Kazmi said on Tuesday that world blood donor day was a very significant with regard to its activity to donate blood to its brethren and save other person's life. Talking to PTV, Dr Raza said blood was an essential n
Published 15 Jun, 2011 12:00am
US welcomes pledge to implement APTTA

US welcomes pledge to implement APTTA

The United States has welcomed the announcement by President Asif Ali Zardari and his Afghan counterpart Hamid Karzai, pledging full implementation of Afghanistan-Pakistan Transit Trade Agreement (APTTA). "This step is a concrete demonstration of the comm
Published 15 Jun, 2011 12:00am
'Economic growth hinges on good governance'

'Economic growth hinges on good governance'

Economic growth hinges on implementation of good governance and the government needs to revisit all its economic policies while taking private sector onboard, said Acting President, Lahore Chamber of Commerce and Industry (LCCI), Sheikh Mohammad Arshad.
Published 15 Jun, 2011 12:00am
Punjab borrowing from SBP stands at Rs 23.40 billion

Punjab borrowing from SBP stands at Rs 23.40 billion

Total borrowing of Punjab government from the State Bank of Pakistan stood at Rs 23.409 billion up to June 11, 2011, in addition to Rs 28.6 billion loan, it is learnt. Sources said that Rs 50.9 billion borrowing of the provincial government from the State
Published 15 Jun, 2011 12:00am
Pepsi Cola, Waste Busters sign agreement

Pepsi Cola, Waste Busters sign agreement

Pepsi Cola International on Tuesday signed an agreement with the leading waste management company in Pakistan to manage the waste produced in their offices. According to a spokesman of the Waste Busters the signing ceremony held at the Pepsi Cola Country
Published 15 Jun, 2011 12:00am
Law, order situation dominates National Assembly budget debate

Law, order situation dominates National Assembly budget debate

The law and order situation in the country, particularly the recent wave of suicide attacks dominated the NA debate on the budget, on Tuesday. Many legislators while expressing concern over the increasing lawlessness and the recent spate of terrorism in t
Published 15 Jun, 2011 12:00am
Rs 70 billion allocated for South Punjab

Rs 70 billion allocated for South Punjab

Provincial Minister for Labour, Punjab, Haji Ehsan Uddin Qureshi, said that focus of the present government is towards the less developed areas and huge funds have been reserved for the uplift of socio-economic status of the masses and the Punjab Governme
Published 15 Jun, 2011 12:00am
TADP arranges workshop

TADP arranges workshop

Trade Development Authority of Pakistan(TADP) organised a one day workshop on 'International trade financing' at a local hotel on Tuesday which was attended by more than sixty businessmen and senior managers of various industrial sectors. Trainer from Ins
Published 15 Jun, 2011 12:00am
Senate panel to take up privilege motions against ECP

Senate panel to take up privilege motions against ECP

The privilege committee of the Senate would take up privilege motions against the Election Commission of Pakistan (ECP) for registering complaints against parliamentarians whose education degrees are found suspect in its up coming session.
Published 15 Jun, 2011 12:00am
Agricultural department directed to expedite research work

Agricultural department directed to expedite research work

Punjab Agriculture Minister, Malik Ahmad Ali Aulakh has directed his department to expedite research work besides improving performance of department's wings working on agricultural research to enhance productivity. He chaired a meeting to review the perf
Published 15 Jun, 2011 12:00am
Senate condemns police torture of journalist, doctor in Balochistan

Senate condemns police torture of journalist, doctor in Balochistan

The Senate on Tuesday strongly condemned police torture of a cameraman and doctor in Balochistan and formed a committee to probe into the matter within ten days. The police reportedly picked up and tortured a cameraman who recorded killing of foreigners a
Published 15 Jun, 2011 12:00am
Exporters urged to benefit from Chinese brand strategy

Exporters urged to benefit from Chinese brand strategy

A meeting of the leading exporters of Pakistan was held at TDAP Karachi, chaired by its CEO Tariq Iqbal Puri. Federal Advisor Textile Dr Mirza Ikhtiar Baig and Chairman Gul Ahmed Bashir Ali Mohammad also attended the meeting. TDAP has given a presentation
Published 15 Jun, 2011 12:00am
Mother forcibly paraded naked in village

Mother forcibly paraded naked in village

A mother was forcibly paraded naked through a village after her sons were accused of sleeping with a married neighbour who became pregnant, police said Tuesday. The incident happened after neighbour Mohammad Salman grew suspicious that the woman's sons sl
Published 15 Jun, 2011 12:00am
President attends reception in Astana

President attends reception in Astana

President Asif Ali Zardari on Tuesday attended a reception hosted by President of Kazakhstan Nursultan Nazarbayev in honour of the heads of states who reached here to participate in the 10th summit of Shanghai Co-operation Organisation (SCO) to be held on
Published 15 Jun, 2011 12:00am
Power shortfall reaches to 4,000 megawatts

Power shortfall reaches to 4,000 megawatts

Power shortfall reached to 4000MW amidst delay in payment of dues and fuel to the Independent Power Producers (IPPs), putting the consumers at the mercy of unbearable hot weather across the country. Power generation stood at 13821MW against a demand of 17
Published 15 Jun, 2011 12:00am
Non-payment of DLTL: value-added textile sector threatens to move court

Non-payment of DLTL: value-added textile sector threatens to move court

The value-added textile exporters have threatened to move court if billions of rupees drawback of local taxes and levies (DLTL) are not paid. Rana Muhammad Mushtaq Khan, Chairman, Value Added Textile Forum along with Muhammad Jawed Bilwani, Chief Co-ordin
Published 15 Jun, 2011 12:00am
Malaysian CG's role in Pakistan image building appreciated

Malaysian CG's role in Pakistan image building appreciated

Departing Consul General of Malaysia, Mohammad Khalid Abdur Razzaq, has advised business communities of both Malaysia and Pakistan to frequently visit each others countries to develop person-to- person contacts which is prerequisite to boosting two-way tr
Published 15 Jun, 2011 12:00am
Health secretary takes notice of unavailability of medicines

Health secretary takes notice of unavailability of medicines

The Punjab health secretary has taken notice of reports regarding unavailability of medicines for the registered patients of Hepatitis-C at Allied Hospital Faisalabad and asked the concerned officer of Punjab Hepatitis Control Programme to immediately pro
Published 15 Jun, 2011 12:00am
Rangers firing in Lyari: Sharjeel announces compensation for victims

Rangers firing in Lyari: Sharjeel announces compensation for victims

Sindh Minister for Information Sharjeel Inam Memon on Tuesday announced Rs 1 million each for the victims of alleged firing by the personnel of Rangers in Lyari. "Government of Sindh will provide compensation of Rs 1 million each for the families of Ismai
Published 15 Jun, 2011 12:00am
Rs 2.2 billion Ramazan Package announced

Rs 2.2 billion Ramazan Package announced

The government on Tuesday announced Ramazan Package worth Rs 2.2 billion, which would formally be launched by the end of July. Under the package, during the upcoming Ramzan, the government would provide a number of essential commodities at subsidised rate
Published 15 Jun, 2011 12:00am
Lessons on Bhutto's family now a part of curriculum

Lessons on Bhutto's family now a part of curriculum

Sindh Education department has included lessons about Sir Shahnawaz Bhutto, Zulifqar Ali Bhutto, Benazir Bhutto, GM Syed and others in government-made revised curriculum, well-placed sources told Business Recorder on Tuesday.
Published 15 Jun, 2011 12:00am
Non-functional AC system in NICH adds to infants' woes

Non-functional AC system in NICH adds to infants' woes

The air conditioning system of the nursery of National Institute of Child Health (NICH) has developed faults for a couple of weeks and resultantly mortality rate of babies admitted in this critical unit is on the rise. Sources said there are more than 20
Published 15 Jun, 2011 12:00am
PTCL's revolutionary EVO Wi-Fi Cloud launched

PTCL's revolutionary EVO Wi-Fi Cloud launched

Another first from Pakistan Telecommunication Company Limited's (PTCL) the revolutionary EVO Wi-Fi cloud has opened new world of connectivity for its valued customers. EVO Wi-Fi is Pakistan's first intelligent mobile Wi-Fi device that combines the best of
Published 15 Jun, 2011 12:00am
Four injured in students groups' clash

Four injured in students groups' clash

At least four students received bullet wounds in an armed clash between two student organisations at Federal Urdu University of Arts, Science and Technology (FUUAST) on Tuesday. According to details, the armed clash sparked at around 11AM between Pakhtoon
Published 15 Jun, 2011 12:00am
KESC donates bus to KU

KESC donates bus to KU

University of Karachi has added a point bus in its fleet bringing the number of buses to twenty-eight Business Recorder learnt on Tuesday. Sources said that bus has been gifted by Karachi Electric Supply Company, having a worth Rs 3.5 million. Well
Published 15 Jun, 2011 12:00am
Paapam welcomes yellow cab scheme's revival

Paapam welcomes yellow cab scheme's revival

Pakistan Automotive Parts & Accessories Manufacturers (Paapam) has welcomed the revival of yellow cab scheme by the Punjab Government, Paapam vice Chairman Syed Nabeel Hashmi said here on Tuesday.
Published 15 Jun, 2011 12:00am
Citizens urged to get CNICs renewed at the earliest

Citizens urged to get CNICs renewed at the earliest

National Database and Registration Authority (Nadra) has urged all citizens to have their expired Computerised National Identity Cards (CNICs) renewed immediately to avoid any inconvenience in legal, financial and other matters where a valid ID card is co
Published 15 Jun, 2011 12:00am
ACCA Chief Executive awarded OBE

ACCA Chief Executive awarded OBE

Helen Brand, Chief Executive of global accountancy body, the ACCA, has been awarded the Officer of the Order of the British Empire (OBE) in the Queen's Official Birthday Honours list on June 11. Speaking of the honour, Helen Brand says: "I am delighted to
Published 15 Jun, 2011 12:00am
Lunar eclipse tonight

Lunar eclipse tonight

A total lunar eclipse will occur in the night falling between June 15 and 16, says a Press release issued by Pakistan Space and Upper Atmosphere Research Commission (Suparco) here on Tuesday. During the night total eclipse will be visible from East Africa
Published 15 Jun, 2011 12:00am
SU Pro vice chancellor visits Elsa Kazi Campus

SU Pro vice chancellor visits Elsa Kazi Campus

Pro Vice Chancellor University of Sindh, Professor Dr Parveen Shah paid a surprise visit to the Elsa Kazi Campus here to inspect the ongoing semester examinations of the private sector-run institutes and colleges on Tuesday. The Pro Vice Chancellor, accom
Published 15 Jun, 2011 12:00am
No plans to layoff 4,339 PIA employees: MD

No plans to layoff 4,339 PIA employees: MD

PIA has no plans to lay off 4,339 employees as reported in a section of press, rather around 4,000 employees, after completion of their service, will be retiring from the national flag carrier by year 2014, PIA spokesman said, here on Tuesday.
Published 15 Jun, 2011 12:00am
International Conference on Women Leadership on June 18

International Conference on Women Leadership on June 18

The 7th International Conference on Women Leadership, is being held on June 18, 2011 at a local hotel. This conference will indeed blaze new trails leading to the social and financial empowerment of women of Pakistan.
Published 15 Jun, 2011 12:00am
NAB Khyber Pakhtunkhwa completes 16 references in 2010-11

NAB Khyber Pakhtunkhwa completes 16 references in 2010-11

National Accountability Bureau (NAB) Khyber Pakhtunkhwa received 1782 complaints during financial year 2010-11 out of which 224 were subjected to verification, 82 inquiries and 16 investigations were allowed by the executive board and 16 references were c
Published 15 Jun, 2011 12:00am
PESCO increases duration of loadshedding

PESCO increases duration of loadshedding

Peshawar Electricity Supply Company (PESCO) on Tuesday increased the duration of loadshedding in Khyber Pakhtunkhwa. The company is carrying out six to seven hours loadshedding in urban areas and eight to nine hours loadshedding in rural areas on all 11 K
Published 15 Jun, 2011 12:00am
'90 percent work on Gomal Zam Dam Project completed'

'90 percent work on Gomal Zam Dam Project completed'

Government has completed 90 percent work on the multifaceted Gomal Zam Dam that would irrigate about 163,000 acres and semi-arid land of southern districts of Khyber Pakhtunkhwa and South Waziristan Agency. Official sources in Irrigation Department told A
Published 15 Jun, 2011 12:00am
Rs 3,665 million allocated for roads in Punjab budget

Rs 3,665 million allocated for roads in Punjab budget

The Punjab government has set aside Rs 36,650 million for road sector in the budget for 2011-12, showing an increase of over 31.71percent compared to 2010-11 revised allocation. The vision for Punjab's road sector aims at upgrading, augmenting and maintai
Published 15 Jun, 2011 12:00am
Demise of Tariq Alam Abro condoled

Demise of Tariq Alam Abro condoled

Secretary to Government of Sindh, Culture Department, Abdul Aziz Uqaili has said that arrangements for the medical treatment of renowned short-story writer of Sindh Tariq Alam Abro in India had been made but time factor played an unfortunate role in this
Published 15 Jun, 2011 12:00am
Opec may earn record $1.034 trillion

Opec may earn record $1.034 trillion

Higher crude oil prices could help Opec earn a record $1.034trn this year from its oil exports, the US Energy Information Administration said on Tuesday. That would put Opec's 2011 export earnings 33 percent higher.
Published 15 Jun, 2011 12:00am
Opec may earn record $1.034 trillion

Opec may earn record $1.034 trillion

Higher crude oil prices could help Opec earn a record $1.034trn this year from its oil exports, the US Energy Information Administration said on Tuesday. That would put Opec's 2011 export earnings 33 percent higher.
Published 15 Jun, 2011 12:00am
Opec may earn record $1.034 trillion

Opec may earn record $1.034 trillion

Higher crude oil prices could help Opec earn a record $1.034trn this year from its oil exports, the US Energy Information Administration said on Tuesday. That would put Opec''s 2011 export earnings 33 percent higher.
Published 15 Jun, 2011 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose early on Tuesday, snapping a two-day losing streak, boosted by simmering inflation pressures in China and sharp gains in industrial commodities amid better-than-expected US retail sales. Underlying economic uncertainties also supported silver's
Published 15 Jun, 2011 12:00am
US MIDDAY: copper jumps

US MIDDAY: copper jumps

Copper rose 3 percent early on Tuesday, its biggest one-day rally in nearly three months, driven by data from China and the United States that pointed to better growth prospects for the world's two largest economies. In New York, the July COMEX copper con
Published 15 Jun, 2011 12:00am
US MIDDAY: corn plunges

US MIDDAY: corn plunges

US corn futures fell their daily limit early on Tuesday, posting their biggest drop in a month and backing down further from last week's record rise near $8 a bushel on improving US crop weather and concerns about flagging demand from the ethanol sector.
Published 15 Jun, 2011 12:00am
US MIDDAY: sugar drops

US MIDDAY: sugar drops

Sugar futures came off early on Tuesday on producer sales, with whites hit by the likelihood of more Indian exports while raws were pressured by switch trade from players unwinding positions in the spot contract. Robusta coffee closed lower on record cert
Published 15 Jun, 2011 12:00am
Gold soars in Europe

Gold soars in Europe

Gold rose on Tuesday after a flurry of inflation data signalled a continued increase in price pressures, while this week's near-1 percent decline in the bullion price enticed some physical buying. Renewed concern about Greece and its ability to fund itsel
Published 15 Jun, 2011 12:00am
Gold rebounds in Asia

Gold rebounds in Asia

Gold rebounded on Tuesday after posting its biggest one-day loss in a month in the previous session on growing worries about another global economic downturn, but a weaker US dollar and bargain hunting by jewellers offered support. Gold added $6.26 to $1,
Published 15 Jun, 2011 12:00am
US gold declines

US gold declines

Gold fell 1 percent on Monday for its biggest one-day loss in over a month, succumbing to selling that hit most commodities on worries over economic growth and a European debt crisis. Safe-haven buying was absent for precious metals despite a downgrade of
Published 15 Jun, 2011 12:00am
Brent, US crude climb

Brent, US crude climb

Brent reached its highest in more than five weeks on Tuesday and US crude rose more than 2 percent as data from China and the United States eased concerns about the global economy and the threat to oil demand. China's industrial output in May beat market
Published 15 Jun, 2011 12:00am
Brent, US crude climb

Brent, US crude climb

Brent reached its highest in more than five weeks on Tuesday and US crude rose more than 2 percent as data from China and the United States eased concerns about the global economy and the threat to oil demand. China's industrial output in May beat market
Published 15 Jun, 2011 12:00am
Brent, US crude climb

Brent, US crude climb

Brent reached its highest in more than five weeks on Tuesday and US crude rose more than 2 percent as data from China and the United States eased concerns about the global economy and the threat to oil demand. China''s industrial output in May beat market
Published 15 Jun, 2011 12:00am
Liffe sugar plummets

Liffe sugar plummets

Liffe August white sugar closes $20.50 lower at $703.00 per tonne on Tuesday. Market correcting lower after recent strong advance to a three-month peak. Prospects for an influx of Indian white sugar onto the market also weighed. Liffe September robusta co
Published 15 Jun, 2011 12:00am
US soyabean lower

US soyabean lower

Chicago Board of Trade soyabean futures closed lower on Monday on improved US planting weather, falling crude oil and on profit-taking. Drier weather this week in the US Midwest seen boosting crop plantings except in low-lying areas adjacent to rivers whe
Published 15 Jun, 2011 12:00am
Tokyo rubber slips, Shanghai up

Tokyo rubber slips, Shanghai up

Tokyo rubber futures slipped on Tuesday as the market continued to worry about global demand, dealers said, adding the tone was bearish after the benchmark failed to finish above the key psychological level of 380 per kg. "That could trigger stop-loss sel
Published 15 Jun, 2011 12:00am
New York sugar eases

New York sugar eases

Sugar futures' rally to a seven-week high fizzled out on Monday hit by profit-taking and producer sales, and white sugar pulled off of a three-month top, but remained underpinned by port congestion in Brazil and Thailand. Strong pre-Ramazan cash buying le
Published 15 Jun, 2011 12:00am
Malaysian palm oil little changed

Malaysian palm oil little changed

Malaysian palm oil futures made little headway on Tuesday, with the market split between rising vegetable oil supplies and strong demand expectations. Palm oil may come under further pressure as an improved US soy crop will lead to more crushing into soy
Published 15 Jun, 2011 12:00am
Copper climbs

Copper climbs

Copper rose to its highest in a week on Tuesday after better-than-expected US retail sales data consolidated earlier gains made on data from China, which eased global growth concerns and boosted risk appetite. Benchmark copper on the London Metal Exchange
Published 15 Jun, 2011 12:00am
Shanghai copper rises

Shanghai copper rises

The most-active August copper contract on the Shanghai Futures Exchange rose 0.8 percent to 67,700 yuan per tonne on Tuesday. Prompt prices in Shanghai continue to hold their premium to the third month - currently around 900 yuan - potentially encouraging
Published 15 Jun, 2011 12:00am
US copper ends lower

US copper ends lower

Copper prices ended lower on Monday and hit their lowest level in three weeks as traders reduced risk amid persistent concerns about the recovery and in front of key inflation data due Tuesday from top-consumer China. In New York, the July COMEX copper co
Published 15 Jun, 2011 12:00am
New York cotton settles higher

New York cotton settles higher

US cotton futures settled higher on Tuesday on commercial and investor buying, with spot July boosted by the perception there will be a receiver for the contract when it goes into delivery this month, analysts said. The key December cotton contract on ICE
Published 15 Jun, 2011 12:00am
Seoul launches cyber security plan

Seoul launches cyber security plan

South Korea said on Tuesday it was drawing up a cyber security master plan after a wave of hacking attacks against global agencies and companies but some other Asian governments appeared to have no blueprint for tackling the threat. Indonesia, a rapidly g
Published 15 Jun, 2011 12:00am
China pushes Iran to return to talks

China pushes Iran to return to talks

China's President Hu Jintao told his Iranian counterpart on Tuesday that six-nation talks were the best way to guarantee Iran's right of peaceful use of nuclear energy on the eve of the Shanghai Co-operation Organisation meeting in Kazakhstan.
Published 15 Jun, 2011 12:00am
Two US soldiers killed in Iraq

Two US soldiers killed in Iraq

Two US soldiers have been killed while conducting operations in southern Iraq, the military said on Tuesday, raising the number of American troops killed this month to eight. The deaths come just months ahead of a year-end deadline for a US pullout, with
Published 15 Jun, 2011 12:00am
Imam killed in Russia's Dagestan

Imam killed in Russia's Dagestan

An imam in Russia's restive Dagestan region was shot dead early Tuesday by unidentified gunmen when he was returning home from a religious service, investigators said. Ashurlav Kurbanov was gunned down before dawn in the village of Mikheyevka, near Dagest
Published 15 Jun, 2011 12:00am
IMF blocks Fischer from race for top job

IMF blocks Fischer from race for top job

The International Monetary Fund's board on Monday blocked Bank of Israel governor Stanley Fischer from the race for the top IMF job, further boosting the chances of French Finance Minister Christine Lagarde. In a surprise move, the 24-member IMF board rej
Published 15 Jun, 2011 12:00am
Gunmen, suicide bombers storm Iraq council building

Gunmen, suicide bombers storm Iraq council building

Gunmen and suicide bombers stormed a provincial council in central Iraq on Tuesday after exploding a car bomb outside, killing at least 8 people before Iraqi forces retook the building with help from US troops. The assault in Diyala province's capital Baq
Published 15 Jun, 2011 12:00am
Syrian forces push towards second northern town

Syrian forces push towards second northern town

Syrian troops using tanks and helicopters pushed towards a northern town on Tuesday after arresting hundreds of people in villages near Jisr al-Shughour, residents said, as more refugees fled to Turkey. More than 8,500 Syrians have sought shelter across t
Published 15 Jun, 2011 12:00am
Libyan rebels enjoy successes in West

Libyan rebels enjoy successes in West

Libyan rebels made fresh gains on the western front on Tuesday, pushing back forces loyal to leader Muammar Qadhafi in a string of clashes that brought them closer to the capital Tripoli. Insurgents also sought to extend an advance in the east begun on Su
Published 15 Jun, 2011 12:00am
China warns outside nations to stay out of sea dispute

China warns outside nations to stay out of sea dispute

China opposes external powers weighing in on territorial disputes in the South China Sea, it said on Tuesday after Vietnam said other countries, including the United States, could help defuse tensions over the potentially resource-rich region Vietnam outl
Published 15 Jun, 2011 12:00am
Obama makes first presidential visit to Puerto Rico in 50 years

Obama makes first presidential visit to Puerto Rico in 50 years

Barack Obama on Tuesday became the first sitting US president in 50 years to visit Puerto Rico, the island territory whose descendants could help the prospects for his re-election next year. Obama said he will support a plan that allows Puerto Ricans to d
Published 15 Jun, 2011 12:00am
Sri Lanka, India ferry service resumes

Sri Lanka, India ferry service resumes

An official says ferry service has resumed between Sri Lanka and India after being halted 25 years ago because of the island's civil war. Sri Lanka's Shipping Corp director W. Chandradasa says a ferry with a capacity of 1,044 passengers reached Colombo on
Published 15 Jun, 2011 12:00am
19 killed in Venezuela prison riot

19 killed in Venezuela prison riot

At least 19 inmates have been killed since Sunday in armed clashes among prisoners in Venezuela's El Rodeo prison, an official said Tuesday. There was "a regrettable situation that occurred Sunday in El Rodeo where 19 inmates lost their lives," Interior M
Published 15 Jun, 2011 12:00am
Dine with WikiLeaks' Assange for only $575

Dine with WikiLeaks' Assange for only $575

Eight admirers of anti-secrecy website WikiLeaks and its founder, Julian Assange, are being offered the opportunity to dine privately with their idol early next month at an asking price of 350 pounds ($575) per head.
Published 15 Jun, 2011 12:00am
Afridi, PCB to end rift

Afridi, PCB to end rift

Pakistan cricket and former captain Shahid Afridi appeared on course Tuesday for an out-of-court settlement after the suspended all-rounder met the board's chairman. Afridi went to court after the Pakistan Cricket Board (PCB) punished him for allegedly br
Published 15 Jun, 2011 12:00am
Rashid Latif steps down as Afghanistan coach

Rashid Latif steps down as Afghanistan coach

Former Pakistan captain Rashid Latif has stepped down as coach of the Afghanistan cricket team after they were whitewashed in a One-day series in Pakistan last month. "I have submitted my resignation to the Afghanistan cricket board and they have accepted
Published 15 Jun, 2011 12:00am
India review rage stumps Tremlett

India review rage stumps Tremlett

England fast bowler Chris Tremlett cannot understand why India are so vehemently opposed to cricket's Decision Review System (DRS). DRS, which allows teams to make two incorrect challenges to an on-field umpire's decision before all their referrals for th
Published 15 Jun, 2011 12:00am
Sri Lanka Cricket seeks bailout after World Cup

Sri Lanka Cricket seeks bailout after World Cup

Sri Lanka Cricket is seeking government grants and a soft loan to meet part of the $69 million it spent on co-hosting the 2011 World Cup, the island's sports minister said Tuesday. The governing body has asked for a grant of two billion rupees ($18.35 mil
Published 15 Jun, 2011 12:00am
Martin inspires West Indies to first win over India

Martin inspires West Indies to first win over India

West Indies inspired by a career-best spell from leg-spinner Anthony Martin, completed a 103-run victory to secure a consolation victory in the fourth One-day International against World champions India on Monday. Rohit Sharma led the way with 39, and was
Published 15 Jun, 2011 12:00am
Dilshan out as Anderson eyes Test recall

Dilshan out as Anderson eyes Test recall

Sri Lanka captain Tillakaratne Dilshan was ruled out of the third Test with a broken thumb on Tuesday as England's James Anderson said he would be fit for the series finale. Dilshan had been expected to miss the match after twice being hit on the thumb by
Published 15 Jun, 2011 12:00am
Three Pakistani umpires get place on ICC panel

Three Pakistani umpires get place on ICC panel

Pakistan Cricket Board (PCB) has announced that three Pakistani umpires are getting places on ICC International panel of Field/TV Umpires for next 12 months. Umpires Zameer Haider and Ahsan Raza are in the ICC international panel of field umpires, while S
Published 15 Jun, 2011 12:00am
Pakistan hockey team to leave for Europe on June 16

Pakistan hockey team to leave for Europe on June 16

Pakistan hockey team will depart from Islamabad to Dublin on June 16 on the tour of Europe to feature in two tournaments. Team's first assignment will be participate in UCD 4-Nation Hockey Tournament to be played in University College Dublin/Ireland from
Published 15 Jun, 2011 12:00am
PFF Premier League from July 5

PFF Premier League from July 5

As many as 16 football teams will be seen in action in Pakistan Football Federation (PFF) Premier League that will simultaneously get underway in Karachi and Quetta from July 5. A spokesman of PFF said here Tuesday that there are 12 departmental teams and
Published 15 Jun, 2011 12:00am
K-League to offer cash rewards for match-fixing tip-offs

K-League to offer cash rewards for match-fixing tip-offs

South Korea's professional soccer league will offer cash rewards to individuals who report on match-fixing attempts in the latest bid to curb corruption, local media reported on Tuesday. The K-League officials will award 10 million won ($9,236) to 100 mil
Published 15 Jun, 2011 12:00am
Serena reverses momentum in comeback opening win

Serena reverses momentum in comeback opening win

Serena Williams came back from a slow start Tuesday to reach the second round at the Eastbourne grasscourt event after not playing for nearly year, posting a 1-6, 6-3, 6-4 defeat of Tsvetana Pironkova. The 13-time grand slam champion American, who last pl
Published 15 Jun, 2011 12:00am
Iraqi football chief resigns

Iraqi football chief resigns

Iraqi Football Federation president Hussain Saeed has resigned, opening the way for fresh elections in a soccer body torn by sectarian political dispute. Saeed, who has been living outside the war-battered country, wrote a letter submitting his resignatio
Published 15 Jun, 2011 12:00am
Eonia seen slipping on easier liquidity conditions

Eonia seen slipping on easier liquidity conditions

Eurozone banks increased their borrowing at the European Central Bank's weekly cash tender, making for easier liquidity conditions that should push key overnight lending rates lower this week. The benchmark eurozone overnight rate is expected to remain hi
Published 15 Jun, 2011 12:00am
Won, ringgit lead gains

Won, ringgit lead gains

The South Korean won and the Malaysian ringgit led gains in emerging Asian currencies on Tuesday as investors slowly returned to riskier assets, shrugging off China's latest hike in bank reserve requirements. However, market players remained cautious over
Published 15 Jun, 2011 12:00am
Indian rupee strengthens

Indian rupee strengthens

The Indian rupee strengthened on Tuesday, recovering from a one-week low touched in the previous session, aided by strong euro and Asian peers, but choppy local shares and dollar demand from oil refiners capped the gains. The partially convertible rupee e
Published 15 Jun, 2011 12:00am
New Zealand, Aussie dollars up

New Zealand, Aussie dollars up

The Australian and New Zealand dollars were swept higher by a wave of short covering on Tuesday as investors scrambled to unwind positions after Chinese inflation data wrong-footed the market. The closely watched report showed prices rose 5.5 percent in t
Published 15 Jun, 2011 12:00am
Swiss franc falls versus euro

Swiss franc falls versus euro

The Swiss franc ticked lower on Tuesday after Chinese economic data temporarily fuelled risk appetite and investors awaited the Swiss National Bank's comments on the franc's strength on Thursday. The SNB is expected to keep rates at rock-bottom levels at
Published 15 Jun, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 73.82/73.92 (previous 73.85/73.95). Call Money Rates: 8.00-12.00 percent (previous 6.75-12.00 percent).
Published 15 Jun, 2011 12:00am
Euro at record low versus Swiss franc

Euro at record low versus Swiss franc

The euro fell to a record low against the Swiss franc on Monday, with more losses likely as disagreement among policymakers over how to solve Greece's debt crisis unsettled investors and boosted the safe-haven allure of the franc. But the euro managed to
Published 15 Jun, 2011 12:00am
Early trade in New York: Euro helped by risk appetite

Early trade in New York: Euro helped by risk appetite

The euro and high-yielding currencies rose on Tuesday, boosted by improved risk appetite after Chinese data eased global growth concerns. Traders however, remained cautious the single currency remained a sell on rallies, owing to Greece's debt crisis and
Published 15 Jun, 2011 12:00am
Euro, high-yielding currencies up in London

Euro, high-yielding currencies up in London

The euro and high-yielding currencies rose on Tuesday, boosted by improved risk appetite after Chinese data eased global growth concerns and taking a hike in Chinese banks' reserve requirements in their stride. Traders said the single currency looked a se
Published 15 Jun, 2011 12:00am
Euro rises across the board in Asia

Euro rises across the board in Asia

The euro edged up across the board on Tuesday after a batch of Chinese economic data calmed some investor worries by showing inflation was not as bad as feared and growth still solid, giving a broad boost to risky assets. The Australian dollar also gained
Published 15 Jun, 2011 12:00am
Sterling up versus dollar

Sterling up versus dollar

Sterling was supported against a broadly struggling dollar on Tuesday but the UK currency was at risk of selling after British inflation data offered investors little reason to believe the Bank of England will raise interest rates any time soon. UK inflat
Published 15 Jun, 2011 12:00am
Yuan rises

Yuan rises

The yuan ended up slightly versus the dollar on Tuesday after the People's Bank of China fixed a higher mid-point, snapping three day's of weakness, with the Chinese currency expected to rise further as inflation accelerated to a 34-month high.
Published 15 Jun, 2011 12:00am
UK's top share index rises

UK's top share index rises

Britain's top share index rose on Tuesday, with oil majors and banks gaining as above-forecast data from the United States and signs that the Chinese economy could avoid a hard landing boosted appetite for riskier assets. Britain's FTSE 100 ended 29.67 po
Published 15 Jun, 2011 12:00am
China optimism inspires bounce in European shares

China optimism inspires bounce in European shares

European shares rose sharply on Tuesday, as data suggested the Chinese economy may avoid a hard landing, helping to ease global growth concerns. The pan-European FTSEurofirst 300 index of top shares rose 0.8 percent to close at 1,100.86 points, though it
Published 15 Jun, 2011 12:00am
Australian shares rebound

Australian shares rebound

Australian stocks rebounded from a three-month low to finish up 0.5 percent on Tuesday after strong Chinese industrial production data outweighed fears about slightly higher-than-expected inflation. China's inflation accelerated in May to a 34-month high
Published 15 Jun, 2011 12:00am
Middle East markets: Palm Hills lifts Egypt index

Middle East markets: Palm Hills lifts Egypt index

Palm Hills helped lift Egypt's market on optimism over a possible settlement of the developer's state land purchases, and UAE bourses gained on Tuesday as small investors bought property stocks in Dubai. Egypt's main index rose 1.1 percent on investor hop
Published 15 Jun, 2011 12:00am
Nikkei average rises

Nikkei average rises

The Nikkei average rose on Tuesday, helped by sporadic buying from Asian investors and gaining momentum after China inflation data provided no nasty surprises, but concerns about the global economy may mean the bounce won't last. Tokyo Electric Power Co's
Published 15 Jun, 2011 12:00am
Seoul shares gain

Seoul shares gain

Seoul shares erased earlier falls and ended up on Tuesday as battered chemical and auto issues rebounded sharply and a raft of Chinese data lifted investor sentiment. The Korea Composite Stock Price Index ended up 1.37 percent at 2,076.83 points. KOSPI 20
Published 15 Jun, 2011 12:00am
Treasuries slip

Treasuries slip

A US Treasuries rally that has pushed benchmark 10-year yields below 3 percent paused on Monday as investors tentatively took on some risk, nudging prices of safe-haven US debt down and yields up. Stocks finished little changed, also pausing from six week
Published 15 Jun, 2011 12:00am
Treasuries slip

Treasuries slip

A US Treasuries rally that has pushed benchmark 10-year yields below 3 percent paused on Monday as investors tentatively took on some risk, nudging prices of safe-haven US debt down and yields up. Stocks finished little changed, also pausing from six week
Published 15 Jun, 2011 12:00am
Taiwan stocks recover

Taiwan stocks recover

Taiwan stocks recovered losses from the previous session and ended up 1.33 percent on Tuesday, lifted by HTC Corp as investors bought on weakness. HTC surged 5.99 percent after its shares traded limit-down in the last two consecutive days. The smartphone
Published 15 Jun, 2011 12:00am
Wall Street ends flat

Wall Street ends flat

US stocks drifted sideways on Monday, in what is likely a temporary pause in a sell-off brought on by growing fears of another economic downturn. The benchmark S&P 500 rose for only the second time in the past nine sessions while the Nasdaq 100 managed to
Published 15 Jun, 2011 12:00am
Tuesday's afternoon trade: stocks jump

Tuesday's afternoon trade: stocks jump

US stocks rose more than 1 percent on Tuesday, primed by a market that was oversold on a technical basis and better-than-expected retail sales data that helped trigger a relief rally. The move put the S&P 500 on track for its best daily percentage gain si
Published 15 Jun, 2011 12:00am
Hong Kong shares slip, Shanghai rise

Hong Kong shares slip, Shanghai rise

Hong Kong shares flipped into the red on Tuesday as market players pared long positions after China announced a sixth hike in banks' reserve requirements this year to drain excess liquidity and tame inflation. China's inflation accelerated in May to a 34-
Published 15 Jun, 2011 12:00am
Indian shares snap four-day fall

Indian shares snap four-day fall

Indian shares snapped a four-session decline and nudged up 0.2 percent on Tuesday thanks to firm global markets, but the outlook remained downbeat after inflation came in well above expectations. The wholesale price index (WPI) climbed 9.06 percent in May
Published 15 Jun, 2011 12:00am
US regulators approve bank capital floor

US regulators approve bank capital floor

Large banks will have to meet the same minimum capital standards as community banks, under a final rule US banking regulators approved on Tuesday. The rule implements the Collins amendment of the Dodd-Frank financial oversight law, intended to set a capit
Published 15 Jun, 2011 12:00am
J.P Morgan dismisses mortgage head Lowman

J.P Morgan dismisses mortgage head Lowman

J.P. Morgan Chase & Co has pushed out its head of home lending, David Lowman, who had been sidelined in February after the bank racked up billions of dollars in losses on mortgages and became mired in litigation over foreclosures. "Dave Lowman and I have
Published 15 Jun, 2011 12:00am
World leaders urge support for domestic workers treaty

World leaders urge support for domestic workers treaty

Indonesian President Susilo Bambang Yudhoyono and German Chancellor Angela Merkel called Tuesday on member states of the UN labour agency to support a new treaty that offers protection to domestic workers. "We must support the ILO convention for domestic
Published 15 Jun, 2011 12:00am
China boosts CIS role with $1 billion Belarus deal

China boosts CIS role with $1 billion Belarus deal

China boosted its presence in the ex-Soviet bloc's commodities sector on Tuesday by lending over $1 billion to Belarus just a day after signing two large deals in Kazakhstan, another former Soviet republic. A bulk of funds provided to Belarus will be used
Published 15 Jun, 2011 12:00am
UK inflation holds at 2-1/2 years high

UK inflation holds at 2-1/2 years high

Inflation in Britain held at a 2-1/2 year high in May as rising food prices balanced a drop in travel costs, providing little comfort for the Bank of England which expects inflation to hit 5 percent later this year. The Office for National Statistics said
Published 15 Jun, 2011 12:00am
Debt crisis could trigger new economic meltdown: Obama

Debt crisis could trigger new economic meltdown: Obama

Delay in raising the US debt ceiling could reverse the fledgling recovery and trigger a new economic meltdown, US President Barack Obama said in a interview broadcast Tuesday. "We could actually have a reprise of a financial crisis, if we play this too cl
Published 15 Jun, 2011 12:00am
UK jails 'boiler room' fraudster

UK jails 'boiler room' fraudster

A man has been jailed for two years in Britain for a share scam that swindled 32 people out of 270,000 pounds ($440,400) in the first criminal conviction for "boiler room" fraud secured by the financial regulator. David Roger Griffiths Mason on Tuesday pl
Published 15 Jun, 2011 12:00am
US consumers spend less, recovery seen on horizon

US consumers spend less, recovery seen on horizon

US consumers have not pulled back aggressively despite the recent slowdown in the economy, retail sales data showed on Tuesday, and falling gasoline prices should support growth in the months ahead. Retail sales fell in May for the first time in 11 months
Published 15 Jun, 2011 12:00am
Report urges US tariff cuts to help poor consumers

Report urges US tariff cuts to help poor consumers

The United States should eliminate most, if not all, of its remaining taxes on imported goods to give low-income consumers extra spending cash, a new report recommended on Tuesday. "The ideal approach would be bold: simply abolish consumer-good tariffs on
Published 15 Jun, 2011 12:00am
Tokyo Electric bailout plan approved

Tokyo Electric bailout plan approved

Japan's cabinet approved a draft law to help Tokyo Electric Power pay billions of dollars in compensation to its radiation refugees, kicking off lawmaker wrangling that may take weeks to decide the fate of Asia's largest utility. The approval is a step fo
Published 15 Jun, 2011 12:00am
Ministers eye private role in Greek aid deal

Ministers eye private role in Greek aid deal

Euro zone ministers pressed ahead on Tuesday with plans to make Greece's private creditors share the costs of a second aid package amid ECB warnings that any coercive solutions could unleash a new wave of contagion. Finnish Finance Minister Jyrki Katainen
Published 15 Jun, 2011 12:00am
Nokia wins rare victory as Apple settles legal row

Nokia wins rare victory as Apple settles legal row

Nokia notched up a rare victory against arch-rival Apple as the iPhone maker agreed to settle a long-running row over patents. Nokia said on Tuesday the deal would boost second-quarter earnings, having warned at the end of May that it would miss targets.
Published 15 Jun, 2011 12:00am
India's inflation accelerates

India's inflation accelerates

India's annual inflation accelerated a faster-than-forecast 9.06 percent in May, official data showed on Tuesday, increasing pressure on the central bank to raise interest rates further. The rise in the wholesale price index - the government's preferred m
Published 15 Jun, 2011 12:00am
Belarus unrest will be suppressed, says Lukashenko

Belarus unrest will be suppressed, says Lukashenko

Belarussian President Alexander Lukashenko declared on Tuesday he would "strike hard" to suppress any further protests against policies aimed at pulling the ex-Soviet country out of economic crisis. Lukashenko spoke after fresh signs of unrest by Belaruss
Published 15 Jun, 2011 12:00am
Swiss government warns franc rise could hit growth

Swiss government warns franc rise could hit growth

The Swiss government warned on Tuesday that safe-haven demand could push the strong Swiss franc still higher and seriously threaten growth as it cut its forecast for economic expansion in 2012. While it stuck with a forecast for 2.1 percent growth this ye
Published 15 Jun, 2011 12:00am
Tesco misses forecasts as fuel bills hit UK shoppers

Tesco misses forecasts as fuel bills hit UK shoppers

Tesco posted a second consecutive fall in quarterly UK sales and missed forecasts, hit by a drop in sales of non-food items like electrical goods as shoppers struggled with higher household bills. The world's third-biggest retailer said on Tuesday sales a
Published 15 Jun, 2011 12:00am
IMF urges Russian central bank to tighten policy

IMF urges Russian central bank to tighten policy

The International Monetary Fund urged Russia on Tuesday to tighten monetary policy to rein in inflation and improve its investment climate to put a halt to capital outflows resulting from political uncertainty. "The central bank should continue tightening
Published 15 Jun, 2011 12:00am
Trader Glencore disappoints with maiden first quarter earnings

Trader Glencore disappoints with maiden first quarter earnings

Commodities trader Glencore missed forecasts despite posting a dramatic 45 percent jump in first-quarter earnings, after its key metals trading unit was hit by a drop in Japanese demand and lower volatility. Shares in the world's largest diversified commo
Published 15 Jun, 2011 12:00am
Minor changes in slow trade on grain market

Minor changes in slow trade on grain market

Lean business was again witnessed on the wholesale grain market on Tuesday as most of the buyers were on the sidelines expecting fall in the rates, dealers said. On the rice sector, Irri-6 Sindh low type gained Rs 25 to Rs 3625 and good type, however, she
Published 15 Jun, 2011 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Hard red winter wheat basis bids were firmer on Tuesday with good demand seen. US winter wheat harvest was about 22 percent completed as of Sunday, according to the USDA. About 42 percent of the winter wheat crop was rated by USDA as in poor and very poor
Published 15 Jun, 2011 12:00am
Cotton prices remain firm despite ginners resorting to panic selling

Cotton prices remain firm despite ginners resorting to panic selling

Prices maintained firm trend on the cotton market on Tuesday despite the fact that the ginners resorted to panic selling to dispose off unsold stock, dealers said. The Karachi Cotton Association (KCA) official spot rate was retained at the overnight level
Published 15 Jun, 2011 12:00am
Oil cake market rates

Oil cake market rates

July vaida was lower and December contract was unchanged on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The July contract that had closed at 1423.90 opened with a decline of 40 paisa at Rs 1423.50.The December vai
Published 15 Jun, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 155,046 tonnes of cargo including 89,275 tonnes of import cargo, 65,771 tonnes of export cargo and 5,276 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 89,275 tonnes compri
Published 15 Jun, 2011 12:00am
UK wheat exports fall in April

UK wheat exports fall in April

UK monthly wheat exports dipped below 100,000 tonnes in April for the first time in 2010/11 season (July/June), customs figures showed on Tuesday. Shipments totalled 93,056 tonnes, with Ireland the largest customer taking 26,436 tonnes. Wheat exports for
Published 15 Jun, 2011 12:00am
Canadian canola futures mixed

Canadian canola futures mixed

ICE Canadian canola futures traded mixed on Monday in thin volume, as wet, late-season planting weather underpins but outside markets dipped. Wet weather in unplanted areas of Prairies supports canola, with insurance deadlines falling between June 10 and
Published 15 Jun, 2011 12:00am
Russia may export eight million tonnes of grain in July-September

Russia may export eight million tonnes of grain in July-September

Russia may export around 8 million tonnes of grain in July-September, although its exportable surplus is expected to be significantly higher, the head of the Russian main grain industry lobby said on Tuesday. "During the main shipments months, July-Septem
Published 15 Jun, 2011 12:00am
Drought to cut EU 2011-12 rapeseed crop: Oil World

Drought to cut EU 2011-12 rapeseed crop: Oil World

Drought is likely to cut the European Union's 2011/12 rapeseed crop to 18.91 million tonnes from 20.56 million tonnes in 2010/11, Hamburg-based oilseeds analysts Oil World said on Tuesday. "The deterioration of rapeseed production prospects is reaching al
Published 15 Jun, 2011 12:00am
Indian millers want to export extra 1.5 million tonnes of sugar

Indian millers want to export extra 1.5 million tonnes of sugar

Indian sugar millers want to export an extra 1.5 million tonnes of the sweetener under the Open General Licence (OGL) scheme this season with a bumper harvest likely, Narendra Murkumbi, president of the Indian Sugar Mills Association said on Tuesday.
Published 15 Jun, 2011 12:00am
New York cotton

New York cotton

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

Published 15 Jun, 2011 12:00am
New York cotton

New York cotton

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

Published 15 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 15 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 15 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 Tuesday (June 14, 2011).

Published 15 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 Tuesday (June 14, 2011).

Published 15 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 Tuesday (June 14, 2011).

Published 15 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 Tuesday (June 14, 2011).

Published 15 Jun, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (June 14, 2011).
Published 15 Jun, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (June 14, 2011).

Published 15 Jun, 2011 12:00am
DG Rangers, IG removed from Sindh

DG Rangers, IG removed from Sindh

The General Headquarters (GHQ) has issued posting out notification to Major General Ijaz Chaudhry, Director General Pakistan Rangers, Sindh on Tuesday. In a statement, army spokesman said," In compliance with Supreme Court orders, Major General Ijaz Chaud
Published 15 Jun, 2011 12:00am
DG Rangers, IG removed from Sindh

DG Rangers, IG removed from Sindh

The General Headquarters (GHQ) has issued posting out notification to Major General Ijaz Chaudhry, Director General Pakistan Rangers, Sindh on Tuesday. In a statement, army spokesman said," In compliance with Supreme Court orders, Major General Ijaz Chaud
Published 15 Jun, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (June 14, 2011).

Published 15 Jun, 2011 12:00am
House panel limits US aid

House panel limits US aid

The House Appropriations Committee has approved a defence spending bill that imposes limits on US aid to Pakistan and creates a special bipartisan group to review the US role in Afghanistan. The panel gave the go-ahead to the bill on a voice vote Tuesday.
Published 15 Jun, 2011 12:00am
House panel limits US aid

House panel limits US aid

The House Appropriations Committee has approved a defence spending bill that imposes limits on US aid to Pakistan and creates a special bipartisan group to review the US role in Afghanistan. The panel gave the go-ahead to the bill on a voice vote Tuesday.
Published 15 Jun, 2011 12:00am
Gates urges patience with Pakistan

Gates urges patience with Pakistan

Defence Secretary Robert Gates says the US is disappointed and suspicious that militants in Pakistan apparently were tipped off that American intelligence officials had discovered two of their suspected bomb-making facilities Gates stopped short of conclu
Published 15 Jun, 2011 12:00am
Gates urges patience with Pakistan

Gates urges patience with Pakistan

Defence Secretary Robert Gates says the US is disappointed and suspicious that militants in Pakistan apparently were tipped off that American intelligence officials had discovered two of their suspected bomb-making facilities Gates stopped short of conclu
Published 15 Jun, 2011 12:00am
30 percent decline in FDI during July-May

30 percent decline in FDI during July-May

Foreign direct investment (FDI) dropped by 30 percent during eleven months (July-May) of current fiscal year, mainly due to lack of foreign investors' interest owing to adverse law and order situation. The State Bank of Pakistan on Tuesday said that FDI s
Published 15 Jun, 2011 12:00am
30 percent decline in FDI during July-May

30 percent decline in FDI during July-May

Foreign direct investment (FDI) dropped by 30 percent during eleven months (July-May) of current fiscal year, mainly due to lack of foreign investors' interest owing to adverse law and order situation. The State Bank of Pakistan on Tuesday said that FDI s
Published 15 Jun, 2011 12:00am
30 percent decline in FDI during July-May

30 percent decline in FDI during July-May

Foreign direct investment (FDI) dropped by 30 percent during eleven months (July-May) of current fiscal year, mainly due to lack of foreign investors'' interest owing to adverse law and order situation. The State Bank of Pakistan on Tuesday said that FDI
Published 15 Jun, 2011 12:00am
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