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Archive - 2011-07-03
Egypt sells fewer T-bills
Managed Funds

Egypt sells fewer T-bills

CAIRO : Egypt 's central bank sold fewer 91-day treasury bills than it offered at an auction on Sunday after yields ros
Published 03 Jul, 2011 01:31pm
ECB set to unveil second rate rise
Top News

ECB set to unveil second rate rise

FRANKFURT: The European Central Bank is set to unveil its second rate rise since April on Thursday, but might then pause
Published 03 Jul, 2011 07:08am
Key players in Thailand's election
Top News

Key players in Thailand's election

BANGKOK : Thailand votes Sunday in an election seen as crucial to the future of the troubled kingdom. These are the ma
Published 03 Jul, 2011 05:51am
Food inflation mounts to 15.67 percent

Food inflation mounts to 15.67 percent

Food inflation mounted to 15.67 percent in June, 2011 over the same month of 2010 after manifold increase in the prices of essential commodities, according to monthly Inflation Price Index. According to Consumer Price Index (CPI) for June, 2011, released
Published 03 Jul, 2011 12:00am
Food inflation mounts to 15.67 percent

Food inflation mounts to 15.67 percent

Food inflation mounted to 15.67 percent in June, 2011 over the same month of 2010 after manifold increase in the prices of essential commodities, according to monthly Inflation Price Index. According to Consumer Price Index (CPI) for June, 2011, released
Published 03 Jul, 2011 12:00am
Kidnapped bankers recovered; abductors held

Kidnapped bankers recovered; abductors held

Anti Violent Crime Cell (AVCC) on Saturday claimed to have arrested the abductors and recovered all three bankers, who were kidnapped on May 30, 2011 from Steel Town area. According to details, a team headed by SSP Farooq Awan on a tip-off conducted a rai
Published 03 Jul, 2011 12:00am
Kidnapped bankers recovered; abductors held

Kidnapped bankers recovered; abductors held

Anti Violent Crime Cell (AVCC) on Saturday claimed to have arrested the abductors and recovered all three bankers, who were kidnapped on May 30, 2011 from Steel Town area. According to details, a team headed by SSP Farooq Awan on a tip-off conducted a rai
Published 03 Jul, 2011 12:00am
TDAP chief visiting China to develop trade ties

TDAP chief visiting China to develop trade ties

Tariq Iqbal Puri, Chief Executive of TDAP, after attending the 2nd Pak-China Business Forum in Kashgar, China, is now on official visit to Urumqi, China, and where he held successful meetings with Bureau of Commerce of Xinjinag Production and Construction
Published 03 Jul, 2011 12:00am
Karachi University fails to set up watertight security system

Karachi University fails to set up watertight security system

The administration of Karachi University has failed to arrange a watertight security system even after the terrorist attack in the premises of varsity in which more than six students sustained injuries, sources told Business Recorder. Sources claim
Published 03 Jul, 2011 12:00am
Farmers advised to irrigate crops carefully: more monsoon rain expected

Farmers advised to irrigate crops carefully: more monsoon rain expected

The Met Office has advised the farmers of Punjab, Khyber-Pukhtunkhwa and North-eastern Balochistan to irrigate crops carefully as more monsoon rain during the next 10 days are expected. According to the fresh Met Office's farmers advisory, Punjab, Kashmir
Published 03 Jul, 2011 12:00am
World Sports Journalism Day observed

World Sports Journalism Day observed

The World Sports Journalism Day observed on Saturday under the auspices of Khyber Pakhtunkhwa Sports Writers Association (KP-SWA) here at Qayyum Sports Complex. The Khyber Pakhtunkhwa, Minister for Sports, Syed Aqil Shah was the chief guest on the occasio
Published 03 Jul, 2011 12:00am
Rs 10 million looted from bank

Rs 10 million looted from bank

Armed robbers looted Rs 10 million cash from a local branch of bank on Saturday. As per details, five armed men barged into the local branch of UBL and after holding staff hostage at gunpoint looted 10 million rupees and gun of bank guard. Later, the band
Published 03 Jul, 2011 12:00am
Five killed in separate incidents in city

Five killed in separate incidents in city

Five people were killed in separate incidents in different areas of the metropolis here on Saturday. According to details, a man and his son were shot dead in Hassan Umar Goth, Bin Qasim Town, in the limits of Shah Latif police station.
Published 03 Jul, 2011 12:00am
Action being taken against gangsters: IGP

Action being taken against gangsters: IGP

Action is being taken against gangsters and police has carried out operation in Godhra Colony recently, said Inspector General Police, Sindh, Wajid Ali Durrani. Addressing a luncheon meeting at Korangi Association of Trade and Industry (KATI), the IGP Sin
Published 03 Jul, 2011 12:00am
India urged to shun 'Catch and kill' policy in IHK

India urged to shun 'Catch and kill' policy in IHK

Member of the Kashmir Legislative Assembly Engineer Abdul Rasheed said on Saturday that the Indian government should shun the 'catch and kill' policy and do sincere efforts to rehabilitate the militants (Mujahideen) in Indian occupied Kashmir.
Published 03 Jul, 2011 12:00am
'Tinted glasses seem to prevent migraine'

'Tinted glasses seem to prevent migraine'

Precision-tinted glasses seem to help prevent migraines in people whose pain is triggered by certain visual patterns. Researchers from Cambridge University, UK studied 11 people with migraines and 11 people without migraine using a functional MRI machine,
Published 03 Jul, 2011 12:00am
Transfers and postings in Punjab

Transfers and postings in Punjab

The Punjab government on Saturday carried out transfer and posting of government officials. According to a notification, Jawad Rafique Malik, Commissioner Sargodha, has been transferred and posted as Commissioner Lahore, vice Nadeem Hassan Asif. He shall
Published 03 Jul, 2011 12:00am
Punjab chalks out policy to generate 900 megawatts power

Punjab chalks out policy to generate 900 megawatts power

The Punjab government has chalked out a mid-term policy for generating 900 megawatts energy from various alternate sources during the next two and a half years. Punjab Energy Secretary Rab Nawaz told a meeting held here on Saturday to review various proje
Published 03 Jul, 2011 12:00am
Trade bodies call for giving EPZ status to Sialkot

Trade bodies call for giving EPZ status to Sialkot

Exporters and trade bodies have urged the federal government that Sialkot should be declared export processing zone (EPZ) for a considerable increase in export volume. Sialkot is an export-oriented city and a hub of cottage industry of the country and has
Published 03 Jul, 2011 12:00am
Shahbaz calls for economic independence

Shahbaz calls for economic independence

Punjab Chief Minister Shahbaz Sharif has said that political freedom was impossible without economic independence. He was addressing 'Pakistan Paindabad Conference' arranged by Nazaria Pakistan Trust at Alhamra Hall here on Saturday.
Published 03 Jul, 2011 12:00am
'Government to provide funds for ongoing uplift projects'

'Government to provide funds for ongoing uplift projects'

Provincial Minister for Labour Haji Ehsaan-ud-Din Qureshi here on Saturday said that government will provide required funds for the completion of ongoing development projects launched by the labour department, whereas, new welfare schemes would also be in
Published 03 Jul, 2011 12:00am
Skyrocketing inflation: life becoming harder in big cities

Skyrocketing inflation: life becoming harder in big cities

The life in the big cities is becoming harder as the prices of essential commodities are continuously surging, making it difficult for the lower and middle income groups to make two ends meet. During the last week of June and at the outset of July, prices
Published 03 Jul, 2011 12:00am
Southern Punjab areas: 'UK wants to help alleviate poverty'

Southern Punjab areas: 'UK wants to help alleviate poverty'

The British government wants to help alleviate poverty and deprivation of people of southern Punjab and wants to raise their living standard by providing them education, technical know-how, and medical facilities. This was stated by Ben Stride, Political
Published 03 Jul, 2011 12:00am
Monsoon rains, floods: Punjab government slammed for not taking steps

Monsoon rains, floods: Punjab government slammed for not taking steps

Pakistan Tahri-e-Insaf (PTI) criticised Punjab government for not taking steps to save people and their property from possible rains and floods. In a statement PTI provincial leaders Muhhammad Amin Zaki, Mian Tariq and Abdul Karim Kalwar said that monsoon
Published 03 Jul, 2011 12:00am
Shahbaz leaves for UK today

Shahbaz leaves for UK today

Chief Minister Shahbaz Sharif is leaving for private visit to UK here on Sunday. He is expected to have his medical check-up in the visit. Business Recorder learnt this Saturday.
Published 03 Jul, 2011 12:00am
Academic session 2011-12: PGMI announces result of entry test

Academic session 2011-12: PGMI announces result of entry test

Post Graduate Medical Institute (PGMI) has announced the result of entry test for academic session 2011-12. The result can be watched on the PGMI website www.pgmipunjab.edu.pk. Senior Professors of various departments of PGMI will interview the candidates
Published 03 Jul, 2011 12:00am
Inbox Business Technologies wins Microsoft Country Award

Inbox Business Technologies wins Microsoft Country Award

Inbox Business Technologies proudly announced it has won the 2011 Microsoft Country Partner of the Year Award for Pakistan. The company was honoured among a global field of top Microsoft partners for demonstrating excellence in innovation and implementati
Published 03 Jul, 2011 12:00am
Adamjee Life Growth Fund

Adamjee Life Growth Fund

Adamjee Life Growth Fund performance during June saw a positive trend, the per unit NAVs (as of June 30, 2011): was as follows.

Published 03 Jul, 2011 12:00am
Stuck in time tunnel's venturi

Stuck in time tunnel's venturi

From both the organisational and political standpoints, Pakistan Muslim League-N is in a bind. Beyond any shadow of doubt, Nawaz Sharif's PML-N is in deep trouble. Its performance during the recent elections to the Azad Jammu and Kashmir (AJK) assembly, d
Published 03 Jul, 2011 12:00am
Ban imposed on swimming

Ban imposed on swimming

District administration of Gilgit Baltistan (GB) has imposed ban on swimming in the Hanisara River. The ban has been imposed for a period of two months, said a press release issued here Saturday. Dozens of people have drowned in the river. Therefore, the
Published 03 Jul, 2011 12:00am
KESC condemns attacks on GM, HT Jointer

KESC condemns attacks on GM, HT Jointer

Karachi Electric Supply Company (KESC) has condemned the murderous attacks on GM of IBC Johar and an EHT Jointer in Saddar area by union miscreants on Saturday afternoon. The GM and his sons narrowly escaped unhurt in the attack but the jointer was seriou
Published 03 Jul, 2011 12:00am
High tension copper wire theft attempt foiled

High tension copper wire theft attempt foiled

The Karachi Electric Supply Company security thwarted an attempt to steal high tension copper wire from the 132kV Pipri-KEPZ transmission circuit on Saturday afternoon. The power utility's security personnel reached the scene while the thieves were engage
Published 03 Jul, 2011 12:00am
Pacra assigns entity ratings to FPCDL

Pacra assigns entity ratings to FPCDL

Pakistan Credit Rating Agency (Pacra) has assigned long-term entity rating of "AA-" (double A minus) and short-term rating of "A1+" (A one plus) to Foundation Power Company (Daharki) Limited (FPCDL). These ratings denote a very low expectation of credit r
Published 03 Jul, 2011 12:00am
Pacra assigns entity ratings to FPCDL

Pacra assigns entity ratings to FPCDL

Pakistan Credit Rating Agency (Pacra) has assigned long-term entity rating of "AA-" (double A minus) and short-term rating of "A1+" (A one plus) to Foundation Power Company (Daharki) Limited (FPCDL). These ratings denote a very low expectation of credit r
Published 03 Jul, 2011 12:00am
JCR-VIS reaffirms ratings of Oman International Bank

JCR-VIS reaffirms ratings of Oman International Bank

JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the entity ratings of Oman International Bank S.A.O.G, - Pakistan Branches (OIBP) at 'BBB/A-2' (Triple B/A-Two) with a 'Stable' outlook. Ratings draw comfort from the financial strength of Oma
Published 03 Jul, 2011 12:00am
JCR-VIS reaffirms ratings of Oman International Bank

JCR-VIS reaffirms ratings of Oman International Bank

JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the entity ratings of Oman International Bank S.A.O.G, - Pakistan Branches (OIBP) at 'BBB/A-2' (Triple B/A-Two) with a 'Stable' outlook. Ratings draw comfort from the financial strength of Oma
Published 03 Jul, 2011 12:00am
ABL Asset Management Company

ABL Asset Management Company

Board of Directors of ABL Asset Management Company Limited (ABL AMCL), on June 29, 2011 have declared a final distribution of Rs 0.2848 per unit (2.85 percent of the par value of Rs 10) for ABL-IF, Rs 2.928 per unit (29.28 percent of the par value of Rs 1
Published 03 Jul, 2011 12:00am
ABL Asset Management Company

ABL Asset Management Company

Board of Directors of ABL Asset Management Company Limited (ABL AMCL), on June 29, 2011 have declared a final distribution of Rs 0.2848 per unit (2.85 percent of the par value of Rs 10) for ABL-IF, Rs 2.928 per unit (29.28 percent of the par value of Rs 1
Published 03 Jul, 2011 12:00am
Sindh University announces results of B Com part-I exams

Sindh University announces results of B Com part-I exams

Sindh University (SU) has announced the result of college side B Com pass part-I annual examination 2010 here on Saturday. According the announcement by Controller of Examinations Muhammad Nawaz Narejo, total 7,637 candidates have submitted examination fo
Published 03 Jul, 2011 12:00am
Kaneria files petition in SHC for non-clearance by PCB

Kaneria files petition in SHC for non-clearance by PCB

Pakistan test leg-spinner Danish Kaneria has filed a petition in the Sindh High Court here on Saturday against his non-clearance by Pakistan Cricket (PCB) Integrity Committee. Karachi-based Pakistan Highest wicket-taking spinner Kaneria with 261 wickets i
Published 03 Jul, 2011 12:00am
Summit Bank, Mybank - legal merger

Summit Bank, Mybank - legal merger

From July 1, 2011, Summit Bank Ltd (formerly Arif Habib Bank Ltd) and Mybank Ltd have officially merged and started operating as a single bank under the name of Summit Bank. The completion of the legal merger means that the two banks can now make accelera
Published 03 Jul, 2011 12:00am
Young judges advised to show dedication in delivering speedy justice

Young judges advised to show dedication in delivering speedy justice

Supreme Court Justice Shakirullah Jan has urged the young Judges to show dedication in delivering speedy and qualitative justice following the spirit of National Judicial Policy (NJP). He expressed these views in the certificate-awarding ceremony, conduct
Published 03 Jul, 2011 12:00am
Thar coal reserves may help control energy crisis: Dr Samar

Thar coal reserves may help control energy crisis: Dr Samar

Thar coal reserves can help Pakistan to come out of the present energy crisis, which has marred the industrial as well as economic growth of the country, said Dr Samar Mubarakmand, a renowned nuclear scientist and Member Planning Commission of Pakistan he
Published 03 Jul, 2011 12:00am
Energy crisis: textile industry looking for alternatives

Energy crisis: textile industry looking for alternatives

The textile industry has started looking for alternatives to deal with unprecedented energy crisis, particularly in the province of Punjab. The industry has no faith in government as far as assurance for uninterrupted gas and electricity supply is concern
Published 03 Jul, 2011 12:00am
UCA stages protest demonstration against closure of CNG stations

UCA stages protest demonstration against closure of CNG stations

United Citizens Alliance (UCA) on Saturday staged a protest demonstration against the closure of CNG stations for three days in Punjab and proposed increase in the tariff describing it detrimental to the people of this region. The protest demo was led by
Published 03 Jul, 2011 12:00am
Jamaat-i-Islami expresses complete solidarity with Kashmiri people

Jamaat-i-Islami expresses complete solidarity with Kashmiri people

The Central Shoora of the Jamaat-i-Islami, Pakistan has expressed complete solidarity with the oppressed Kashmiri people and demanded immediate withdrawal of the Indian occupation troops from Held Kashmir. A resolution adopted by the Shoora at its meeting
Published 03 Jul, 2011 12:00am
46 worker's welfare schools' 28,000 children getting free education

46 worker's welfare schools' 28,000 children getting free education

Provincial Minister for Labour Haji Ehsaan-ud-Din Qureshi has said that government will provide required funds for the completion of ongoing development projects launched by the labour department. Talking to various delegations of workers on Saturday, Haj
Published 03 Jul, 2011 12:00am
Dr Hassan Shah joins GCU

Dr Hassan Shah joins GCU

Noted Physicist Professor Dr Hassan A. Shah has been appointed as the Chairperson of Government College University Lahore Physics Department with immediate effect while incumbent Chairperson Professor Dr Raiz Ahmed has been transferred to the GCU Centre f
Published 03 Jul, 2011 12:00am
PML-N Sindh list of newly elected office-bearers announced

PML-N Sindh list of newly elected office-bearers announced

Pakistan Muslim League-Nawaz has announced the election results for district presidents and general secretaries of PML-N Sindh province. The list of newly elected office-bearers was put before the meeting of Provincial Co-ordination Committee, which was p
Published 03 Jul, 2011 12:00am
Punjab government for promotion of medical education

Punjab government for promotion of medical education

The Punjab government has called for recommendations to promote medical education in the province by utilising available financial and human resources. Secretary Health Punjab, Mohammad Jehanzeb Khan chaired a meeting of Principals and Chief Executives of
Published 03 Jul, 2011 12:00am
Three motorcyclists killed in road accident

Three motorcyclists killed in road accident

Three motorcyclists were killed and another received serious injuries in a road accident near here in early hours of Saturday morning. According to police, Farzand of Chak 144/E-B, along with his three guests - Abdul Rasheed, Muhammad Aslam Gujjar and Gog
Published 03 Jul, 2011 12:00am
Battling the drug menace

Battling the drug menace

The recently observed International Day against Drug Abuse and Illicit Trafficking on 26 June (Sunday), and the release of the UN World Drug Report 2011 highlighted the menace of drug abuse again. The facts revealed in the UN report magnify the staggering
Published 03 Jul, 2011 12:00am
Shocking abuse of human rights in Balochistan

Shocking abuse of human rights in Balochistan

A fact-finding mission report "Balochistan: blinkered slide into chaos" released by the Human Rights Commission of Pakistan on Wednesday paints a bleak picture of the state of human rights in the restive Balochistan province. The mission, says that the re
Published 03 Jul, 2011 12:00am
Chavez likely to miss Venezuela's bicentennial celebrations

Chavez likely to miss Venezuela's bicentennial celebrations

Venezuelan President Hugo Chavez makes no secret of his love for the spotlight: he always enjoys a good photo-op or the chance to deliver a long, hopefully amusing speech. And yet recent surgery for cancer appears likely to make him miss the bicentennial
Published 03 Jul, 2011 12:00am
Caviar makes itself at home in the oil-rich UAE desert

Caviar makes itself at home in the oil-rich UAE desert

Far away from the Caspian Sea, sturgeon are raised in ponds cooled in the heart of the Gulf desert of Abu Dhabi, carrying in their wombs a form of black gold strange to these countries - caviar. Production of the desert-grown caviar will begin later this
Published 03 Jul, 2011 12:00am
World oil prices rebound, metals mixed last week

World oil prices rebound, metals mixed last week

World oil prices rebounded last week but metals were mixed as traders reacted to progress in the Greek debt crisis and disappointing global manufacturing data.
Published 03 Jul, 2011 12:00am
Australia's sugar exports start despite weather woes

Australia's sugar exports start despite weather woes

Australia's major exporter of raw sugar, Queensland Sugar Ltd (QSL), has kicked off its export programme for the current marketing year on a solid note despite weather induced setbacks last year, the firm said on Tuesday. This season's first sugar exports
Published 03 Jul, 2011 12:00am
Bangladesh to buy white rice from Vietnam

Bangladesh to buy white rice from Vietnam

Bangladesh will buy 100,000 tonnes of 15 percent broken white rice from Vietnam at $525 a tonne, including cost, freight and liner out, as part of efforts to secure supplies of the staple, a senior food official said on Thursday. The price is less than it
Published 03 Jul, 2011 12:00am
Vietnam paddy output to rise

Vietnam paddy output to rise

Vietnam, the world's second-largest rice exporter after Thailand, plans to raise output this year to 41 million tonnes of paddy, up 2.5 percent from 2010 when it already shipped a record volume, a state-run newspaper reported on Wednesday. Higher producti
Published 03 Jul, 2011 12:00am
China chases Thai rubber grade; tyre makers active

China chases Thai rubber grade; tyre makers active

China snapped up Thai rubber grade after sellers slashed prices because of improving supply, but low volume suggested the world's largest consumer was still looking for a bargain, dealers said on Tuesday. Thai STR20 grade changed hands late on Monday at $
Published 03 Jul, 2011 12:00am
Rubber demand forecast at 25.7 million tonnes in 2011: IRSG

Rubber demand forecast at 25.7 million tonnes in 2011: IRSG

Global demand for rubber, both natural and synthetic, is forecast to rise to 25.7 million tonnes in 2011, down slightly from an earlier estimate of 26.1 million tonnes in March, but still higher last's year's consumption, the IRSG said on Friday.
Published 03 Jul, 2011 12:00am
Indian coffee exports jump on global shortage

Indian coffee exports jump on global shortage

India's coffee exports since the beginning of the marketing year in October doubled on year in value terms to $$836.86 million and jumped 45 percent in volumes to 286,135 tonnnes, exhausting almost all available surplus from 2010/11 crop. The exports in J
Published 03 Jul, 2011 12:00am
US corn extends fall, soya rebounds

US corn extends fall, soya rebounds

Corn futures tumbled for a second day in a row on Friday, ending nearly 4 percent lower a day after a government report showed improved crop and supply prospects in the United States. Soyabeans bounced back from a sell-off on Thursday fuelled by the US De
Published 03 Jul, 2011 12:00am
US gold records second straight weekly loss

US gold records second straight weekly loss

Gold fell around 1 percent on Friday to record its second straight weekly loss, dragged down by fund selling amid commodity weakness and as safe-haven buying faded after Greece's approval of an austerity package. Bullion came under pressure as Wall Street
Published 03 Jul, 2011 12:00am
Copper rises for fourth day

Copper rises for fourth day

Copper started the new trading month on a firm footing on Friday, ending up for a fourth straight session as economic confidence improved on the back of stronger manufacturing data from the United States. The positive close helped drive copper up more tha
Published 03 Jul, 2011 12:00am
Fresh showers to boost India soybean sowing

Fresh showers to boost India soybean sowing

Soybean sowing in India's central Madhya Pradesh state, the biggest producer in the country, is likely to accelerate in a week, although it has picked up in second biggest producer Maharashtra after both states received good rainfall in the past two days.
Published 03 Jul, 2011 12:00am
Protests set after Moroccan king wins vote landslide

Protests set after Moroccan king wins vote landslide

Morocco's "Arab Spring" protesters vowed on Saturday to pursue demonstrations after King Mohammed scored an avalanche referendum victory on constitutional changes they say do nothing to ease his tight grip on power. Preliminary results of Friday's poll sh
Published 03 Jul, 2011 12:00am
Roadside bombs kill 17 civilians in Afghanistan

Roadside bombs kill 17 civilians in Afghanistan

Roadside bombs have killed 17 people in southern Afghanistan, including 13 who died when an explosion ripped through the van they were travelling in on Saturday morning, the government said. The Ministry of Interior said four women and two children were a
Published 03 Jul, 2011 12:00am
Blast kills Italian soldier

Blast kills Italian soldier

An explosive device killed an Italian soldier and wounded another as their vehicle was passing in western Afghanistan Saturday, the defence ministry and military command said. The dead soldier, named as corporal Gaetano Tuccillo, was driving the armoured
Published 03 Jul, 2011 12:00am
Prince Albert and Princess Charlene say 'I do'

Prince Albert and Princess Charlene say 'I do'

Prince Albert II of Monaco and his South African bride Princess Charlene married in a religious ceremony on Saturday, solemnising their union in front of 800 royal and celebrity guests. Arrayed in a stunning Armani gown cut from 130 metres of silk and stu
Published 03 Jul, 2011 12:00am
Germany to sell tanks to Saudi Arabia

Germany to sell tanks to Saudi Arabia

Germany has allowed the sale of 200 Leopard tanks to Saudi Arabia after decades of blocking heavy weapons sales to the kingdom, the Der Spiegel said Saturday. The federal security council approved the sale last week, the weekly news magazine said without
Published 03 Jul, 2011 12:00am
Clinton calls on Qadhafi to step down

Clinton calls on Qadhafi to step down

Libyan leader Muammar Qadhafi vowed to attack "homes, offices and families" in Europe in revenge for Nato airstrikes but US Secretary of State Hillary Clinton said he should quit instead of issuing threats. In a telephone address relayed to some 100,000 s
Published 03 Jul, 2011 12:00am
Indian Prime Minister makes 'off-the-record' Bangladesh swipe

Indian Prime Minister makes 'off-the-record' Bangladesh swipe

Indian Prime Minister Manmohan Singh claimed many Bangladeshis are "very anti-Indian", in controversial remarks posted on his official website which were later removed for being "off the record". The comments, splashed in Bangladeshi newspapers on Saturda
Published 03 Jul, 2011 12:00am
Ban on ships for Gaza to protect activists: Greece

Ban on ships for Gaza to protect activists: Greece

Greece said it acted to protect pro-Palestinian activists when it banned all Gaza-bound ships from leaving its ports for a second day Saturday. The outraged activists meanwhile, seemed divided over how to respond to the ban. Greece's Civil Protection Auth
Published 03 Jul, 2011 12:00am
Middle East Quartet discourages more flotillas

Middle East Quartet discourages more flotillas

The Quartet of Middle East peace negotiators on Saturday said it is concerned about "unsustainable conditions" facing people in Gaza but said additional flotillas should be discouraged. For the second year in a row, international activists have been assem
Published 03 Jul, 2011 12:00am
Hamas row hobbles Palestinian bid at UN: Abbas

Hamas row hobbles Palestinian bid at UN: Abbas

President Mahmoud Abbas urged Hamas on Saturday to relent in a dispute over the formation of unity government for the Palestinians, saying their bid to become a UN member state in September was at stake. Abbas's Western-backed Fatah movement and Islamist
Published 03 Jul, 2011 12:00am
Assad sacks Hama governor after protests

Assad sacks Hama governor after protests

President Bashar al-Assad sacked the governor of Hama province on Saturday, a day after tens of thousands of protesters massed in the provincial capital to demand the Syrian leader step down. The demonstration in Hama, scene of a bloody crackdown by Assad
Published 03 Jul, 2011 12:00am
Kvitova takes Wimbledon crown

Kvitova takes Wimbledon crown

Petra Kvitova stunned favourite Maria Sharapova to win her first Grand Slam title with a 6-3, 6-4 victory in the women's singles final at Wimbledon here Saturday. The 21-year-old eighth seed became only the third Czech woman to triumph at Wimbledon after
Published 03 Jul, 2011 12:00am
Bryans equal Woodies' 11 Grand Slam mark

Bryans equal Woodies' 11 Grand Slam mark

American twins Bob and Mike Bryan equalled Mark Woodforde and Todd Woodbridge's record of 11 Grand Slam men's doubles titles on Saturday when they captured their second Wimbledon crown. The Bryans clinched a 6-3, 6-4, 7-6 (7/2) win over Sweden's Robert Li
Published 03 Jul, 2011 12:00am
Bangladesh football chiefs satisfy over security

Bangladesh football chiefs satisfy over security

Bangladeshi football chiefs said security arrangements for their game away at Pakistan in a World Cup qualifier on Sunday were "satisfactory". Bangladesh, who won the first leg in Dhaka 3-0 Wednesday, had been concerned about safety in Pakistan, where no
Published 03 Jul, 2011 12:00am
India get Tendulkar boost for England Tests

India get Tendulkar boost for England Tests

Batting superstar Sachin Tendulkar, on the verge of an unprecedented 100th international century, returned Saturday to a strong Indian squad for the upcoming Test series in England. Tendulkar, with 51 hundreds in Tests and 48 in one-day internationals, ha
Published 03 Jul, 2011 12:00am
USA beat Colombia to advance to quarter-finals

USA beat Colombia to advance to quarter-finals

The United States cruised into the quarter-finals of the women's World Cup here on Saturday with a 3-0 thrashing of Colombia in their second Group C match. Goals from Heather O'Reilly, Megan Rapinoe and Carli Lloyd ensured the two-time winners remained un
Published 03 Jul, 2011 12:00am
Unbeaten Sweden edge past North Korea

Unbeaten Sweden edge past North Korea

Sweden once again struggled to score but secured their second straight 1-0 victory on Saturday, beating North Korea to take a big step towards reaching the 2011 Women's World Cup quarter-finals. Midfielder Lisa Dahlkvist scored the only goal in the 64th m
Published 03 Jul, 2011 12:00am
Sharma, Kumar strike early as West Indies chase 281

Sharma, Kumar strike early as West Indies chase 281

Bowlers Ishant Sharma and Praveen Kumar took India closer to a series-clinching win as West Indies reached 51-2, in pursuit of 281, at lunch on the last day of the second Test on Saturday. Sharma and Kumar each collected a wicket to give the Indians a bri
Published 03 Jul, 2011 12:00am
Gilbert continues dream season

Gilbert continues dream season

Belgian Philippe Gilbert admitted he could not have wished for more as his dream season continued with a maiden Tour de France stage win, and the yellow jersey, on Saturday. Gilbert became only the second rider in history after Italian Davide Rebellin to
Published 03 Jul, 2011 12:00am
Hockey Champions Trophy: Netherlands, South Korea into final

Hockey Champions Trophy: Netherlands, South Korea into final

Netherlands defeated South Korea 2-0 in the semi-final pool at the women's Champions Trophy field hockey here Saturday, denying Argentina, world champions and defending titleholders, a place in Sunday's final. Argentina finished the semi-final pool level
Published 03 Jul, 2011 12:00am
Bahrain begins national dialogue after upheaval

Bahrain begins national dialogue after upheaval

Talks between Bahrain's opposition and pro-government groups began on Saturday, aimed at healing the deep rifts caused by protests earlier this year by majority Shias that were stamped out by the Sunni rulers. The opposition has expressed scepticism over
Published 03 Jul, 2011 12:00am
Thailand enters calm before election storm

Thailand enters calm before election storm

Political campaigning in Thailand drew to a close on Saturday, taking a day to cool off before an election which could exacerbate the country's six-year-old political crisis just as easily as end it. Opinion polls point to a win by the opposition Puea Tha
Published 03 Jul, 2011 12:00am
Thais warned to stay off Twitter - or face jail

Thais warned to stay off Twitter - or face jail

Thai police on Saturday warned election candidates and citizens not to use websites such as Facebook or Twitter to continue campaigning on the eve of the national vote - or risk going to jail. "Police will work with hundreds of ICT (information and commun
Published 03 Jul, 2011 12:00am
Maria Shriver files to divorce Schwarzenegger

Maria Shriver files to divorce Schwarzenegger

Maria Shriver, the wife of actor and former California governor Arnold Schwarzenegger, has filed for divorce, according to documents filed Friday in Superior Court in Los Angeles. Shriver, 55, cited "irreconcilable differences" with her husband, whom she
Published 03 Jul, 2011 12:00am
17 children dead in Philippine flash flood

17 children dead in Philippine flash flood

At least 17 children and infants were among 30 people killed after a towering flash flood hit one of the Philippines' largest provincial centres, the government said Saturday. The victims were swept away after the Pangi river in the southern city of Davao
Published 03 Jul, 2011 12:00am
Germany to reduce Afghan force by 500 troop this year

Germany to reduce Afghan force by 500 troop this year

Germany will reduce its troop levels in Afghanistan by about 500 from the current force of 4,800 at the end of the year, the chief of staff of Germany's armed forces said in an interview to be broadcast on Sunday. Volker Wieker, the inspector general of t
Published 03 Jul, 2011 12:00am
Brazil's former president Itamar Franco dies at 81

Brazil's former president Itamar Franco dies at 81

Brazilian ex-president Itamar Franco, who was in office briefly from 1992 to 1994 and helped steer the country to stability in the wake of major scandal, died Saturday after battling leukemia, hospital officials said. Franco died at Albert Einstein Hospit
Published 03 Jul, 2011 12:00am
Nigerian leader re-appoints 12 ministers to old jobs

Nigerian leader re-appoints 12 ministers to old jobs

Nigerian President Goodluck Jonathan re-appointed 12 ministers from the outgoing government to their old jobs on Saturday following general elections in April, including oil minister Deziani Alison-Madueke. Jonathan was sworn in for his first full term ov
Published 03 Jul, 2011 12:00am
50 Yemen soldiers missing after clashes with al Qaeda

50 Yemen soldiers missing after clashes with al Qaeda

Fifty Yemeni troops have been posted as missing after clashes with Islamist militants around the southern city of Zinjibar, a commander said on Saturday, accusing top brass of abandoning them to al Qaeda. "We have lost all trace of 50 soldiers after an at
Published 03 Jul, 2011 12:00am
'Billions dollars' of treasure found in Indian temple

'Billions dollars' of treasure found in Indian temple

A treasure trove of gold and silver jewellery, coins and precious stones said to be worth billions of dollars has been found in a Hindu temple in southern India, officials said on Saturday. The valuables have an estimated preliminary worth of over 500 bil
Published 03 Jul, 2011 12:00am
Bangladesh landslide toll rises to 17

Bangladesh landslide toll rises to 17

The death toll from a rain-triggered landslide in the Bangladesh port city of Chittagong has risen to 17, police said Saturday, as five more bodies were pulled from the mud. The victims were buried while sleeping in their tin-roofed shanty houses in the s
Published 03 Jul, 2011 12:00am
Blair's battles with Prince Charles exposed in diaries

Blair's battles with Prince Charles exposed in diaries

Prince Charles bombarded former British prime minister Tony Blair with letters on sensitive political issues which the ex-premier thought crossed the line, his former media chief said Saturday. According to extracts from Alastair Campbell's diaries publis
Published 03 Jul, 2011 12:00am
Euro has best week since January as Greece fears ebb

Euro has best week since January as Greece fears ebb

It was a banner week for the euro as Greece evaded a near-term default and investors embraced risk, but don't expect a repeat performance given investors' belief that the country's debt crisis is far from over and concerns about the global economic recove
Published 03 Jul, 2011 12:00am
Dollar's net short value falls, bets trimmed

Dollar's net short value falls, bets trimmed

Currency speculators reduced bets against the US dollar in the latest period to their lowest level since the week of January 11, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net short positi
Published 03 Jul, 2011 12:00am
Brazil real hits 12-year high

Brazil real hits 12-year high

Brazil's currency, the real, firmed to its strongest close in 12 years on Friday as investors bet domestic interest rates and growth will outpace those in more developed markets. The real jumped 0.3 percent to 1.556 to the dollar. It last ended trading th
Published 03 Jul, 2011 12:00am
African currencies outlook

African currencies outlook

The Kenyan shilling is expected to firm against the dollar in the next week to Thursday, helped by the central bank's tightening of monetary policy, while new foreign exchange requirements are seen lifting the Nigerian naira.
Published 03 Jul, 2011 12:00am
US auto sales weak for second month in a row

US auto sales weak for second month in a row

The auto industry sputtered to its second consecutive month of weaker-than-expected US sales in June, marked by disappointing results from General Motors Co, Ford Motor Co and the big Japanese automakers, as the weak economy and tight supply of cars left
Published 03 Jul, 2011 12:00am
Polish PMI nears two-year low, Czech data slips

Polish PMI nears two-year low, Czech data slips

Manufacturing decelerated to its slowest rate in almost two years in Poland and weakened for the fourth straight month in the Czech Republic in June after weak German orders data signalled Europe's recovery is losing speed. Growth in the European Union's
Published 03 Jul, 2011 12:00am
US growth gauge drops to 29-week low

US growth gauge drops to 29-week low

A measure of future US economic growth fell to a 29-week low in the latest week, while an annualised growth gauge dropped to a 27-week low, a research group said on Friday. The Economic Cycle Research Institute, a New York-based independent forecasting gr
Published 03 Jul, 2011 12:00am
Air India struggling to repay debts

Air India struggling to repay debts

India's ailing national carrier Air India may see operations grind to a halt as it struggles to keep up interest payments on its substantial debt burden, a newspaper reported Friday. The Hindustan Times said the national carrier had failed to pay service
Published 03 Jul, 2011 12:00am
Germany risks energy regulation overdose: cartel chief

Germany risks energy regulation overdose: cartel chief

Germany's move to ditch nuclear energy and make electricity increasingly green could come at the cost of competition in the energy industry, its cartel office chief Andreas Mundt said. "We are worried by the threat of regulating interventions from every c
Published 03 Jul, 2011 12:00am
Inflation and monetary policy in Southeast Asia

Inflation and monetary policy in Southeast Asia

Central banks across Asia have been raising interest rates in a bid to contain surging consumer prices, but recent signs that inflationary pressures may be peaking have prompted some policymakers to put further tightening on hold or use other tools to kee
Published 03 Jul, 2011 12:00am
Bangladesh gets go-ahead to export halal food

Bangladesh gets go-ahead to export halal food

Bangladesh will soon start exporting halal food after Malaysia's Department of Islamic Development approved the Islamic Foundation Bangladesh (IFB) as a halal certification body, a business leader said on Saturday. "It is good news for us as we have been
Published 03 Jul, 2011 12:00am
Iraq, Canadian firm sign deal for 10 power plants

Iraq, Canadian firm sign deal for 10 power plants

Canadian firm Capgent signed a 1.66-billion-dollar contract with Iraq's electricity ministry on Saturday to build 10 power plants of 100 megawatts each, the ministry said. A ministry spokesman told AFP that the plants were to be constructed within 12 mont
Published 03 Jul, 2011 12:00am
Samsung drops lawsuit against Apple

Samsung drops lawsuit against Apple

Samsung Electronics Co has dropped a lawsuit against Apple Inc that claimed Apple copied many of Samsung's innovations, according to a report from Bloomberg on Saturday. Samsung dropped the suit on Thursday, Bloomberg said. The news service quoted Nam Ki
Published 03 Jul, 2011 12:00am
Clinton urges strong European response to debt crisis

Clinton urges strong European response to debt crisis

US Secretary of State Hillary Clinton on Saturday called on European leaders to make a powerful response to economic crises rippling across Europe. During a visit to Madrid she also praised reforms by Spanish Prime Minister Jose Luis Rodriguez Zapatero to
Published 03 Jul, 2011 12:00am
Poland's finance minister airs doubts over Greek rescue measures

Poland's finance minister airs doubts over Greek rescue measures

Poland's finance minister raised doubts on Saturday about Europe's handling of the Greek debt crisis, pointing to too much emphasis on austerity, too little focus on growth and a short-sightedness in some nations. The comments by Jacek Rostowski, a Britis
Published 03 Jul, 2011 12:00am
Australia grounds Singapore's Tiger Airways over safety

Australia grounds Singapore's Tiger Airways over safety

Australia's airline safety regulator has grounded the local operations of Singapore's budget carrier Tiger Airways Holding Ltd over "serious" safety concerns, disrupting thousands of passengers at the start of the school holiday season. The Civil Aviation
Published 03 Jul, 2011 12:00am
Obama calls for bipartisan effort to cut spending

Obama calls for bipartisan effort to cut spending

US President Barack Obama expressed confidence Saturday that Republicans and Democrats will be able to find a way to cut the nation's burgeoning budget deficit, arguing that no program can be considered off limits in the process. "I'm confident that the D
Published 03 Jul, 2011 12:00am
Africa to launch own fund to manage climate cash

Africa to launch own fund to manage climate cash

African leaders plan to launch a fund this year to help the continent access and manage its share of money from the global UN Green Climate Fund, a UN official said. Climate negotiators have yet to establish the Green Climate Fund, which the United Nation
Published 03 Jul, 2011 12:00am
Africa to launch own fund to manage climate cash

Africa to launch own fund to manage climate cash

African leaders plan to launch a fund this year to help the continent access and manage its share of money from the global UN Green Climate Fund, a UN official said. Climate negotiators have yet to establish the Green Climate Fund, which the United Nation
Published 03 Jul, 2011 12:00am
Vodafone takes full control of Indian mobile group

Vodafone takes full control of Indian mobile group

British mobile phone giant Vodafone is taking full control of its Indian joint venture by buying out its local partner Essar Group, a statement said Saturday, ending a troubled relationship. Vodafone, which has sought to make India a crown jewel in its ex
Published 03 Jul, 2011 12:00am
ECB's Noyer confident Greece can implement austerity

ECB's Noyer confident Greece can implement austerity

European Central Bank governing council member Christian Noyer said that Greece could implement the austerity steps it approved this week and that he was optimistic about a plan to draw private sector banks into a new bailout. In an interview in Greek wee
Published 03 Jul, 2011 12:00am
Germany preparing for unlikely Greek default

Germany preparing for unlikely Greek default

The German government has been making preparations for the unlikely event that Greece defaults even though it does not expect such an event, Finance Minister Wolfgang Schaeuble said in an interview in Der Spiegel. Reiterating comments made last week, Scha
Published 03 Jul, 2011 12:00am
Medvedev orders to restore power supplies to Belarus

Medvedev orders to restore power supplies to Belarus

Russian President Dmitry Medvedev told energy czar Igor Sechin on Saturday to restore power supplies to the ex-Soviet country of Belarus, a Kremlin statement said. Deputy Prime Minister Sechin, who oversees Russia's oil and gas sectors, earlier this week
Published 03 Jul, 2011 12:00am
OMD Worldwide captures most metals at Cannes

OMD Worldwide captures most metals at Cannes

OMD Worldwide captured a total of eight Media Lions - both as the submitting agency and as the credited media agency - at the Cannes Lions International Festival of Creativity, making it the most medaled media network at the 2011 festival. Manning Gottlie
Published 03 Jul, 2011 12:00am
Suzuki to build new Philippines motorbike plant

Suzuki to build new Philippines motorbike plant

Japan's Suzuki Motor Corp will build a motorcycle factory in the Philippines that will more than double its production capacity in the Southeast Asian nation, the firm said on Saturday. Suzuki will invest about 2.1 billion yen ($26 million) to construct t
Published 03 Jul, 2011 12:00am
Fireworks wrap up Wall Street's best week in two years

Fireworks wrap up Wall Street's best week in two years

US stocks started July with a bang on Friday with Wall Street scoring its best week in two years on strong manufacturing data that eased concerns about slowing growth. The data spurred the rally into a fifth straight day, even as continued light trading v
Published 03 Jul, 2011 12:00am
Foreign bondholders seek to liquidate Takefuji

Foreign bondholders seek to liquidate Takefuji

Foreign bond investors in Japan's Takefuji Corp filed a motion with a local court on Friday to liquidate the consumer lender, seeking a better recovery from their investment and challenging a court-led rehabilitation plan, two people familiar with the mat
Published 03 Jul, 2011 12:00am
Foreign bondholders seek to liquidate Takefuji

Foreign bondholders seek to liquidate Takefuji

Foreign bond investors in Japan's Takefuji Corp filed a motion with a local court on Friday to liquidate the consumer lender, seeking a better recovery from their investment and challenging a court-led rehabilitation plan, two people familiar with the mat
Published 03 Jul, 2011 12:00am
Goldman, J.P Morgan among Loterias IPO lead managers

Goldman, J.P Morgan among Loterias IPO lead managers

Goldman Sachs, J.P. Morgan, UBS and Credit Suisse will lead manage what is expected to be Spain's biggest ever stock market debut, the IPO of state lottery Loterias, media reported on Saturday. Citing market sources, the business daily Expansion said the
Published 03 Jul, 2011 12:00am
US bonds slip on stronger manufacturing data

US bonds slip on stronger manufacturing data

US Treasury debt prices slipped on Friday after manufacturing growth topped forecasts, offering some evidence that the economy might not be destined for an extended slowdown. The manufacturing data fuelled big stock market gains, with major indexes all cl
Published 03 Jul, 2011 12:00am
US bonds slip on stronger manufacturing data

US bonds slip on stronger manufacturing data

US Treasury debt prices slipped on Friday after manufacturing growth topped forecasts, offering some evidence that the economy might not be destined for an extended slowdown. The manufacturing data fuelled big stock market gains, with major indexes all cl
Published 03 Jul, 2011 12:00am
JGBs drop though investor demand supports

JGBs drop though investor demand supports

Japanese government bonds were mostly lower on Friday as players continued to shift positions to riskier assets from safe-haven debt on positive US economic data and relief that Greece will avert imminent default. JGB futures and 10-year cash bonds led de
Published 03 Jul, 2011 12:00am
JGBs drop though investor demand supports

JGBs drop though investor demand supports

Japanese government bonds were mostly lower on Friday as players continued to shift positions to riskier assets from safe-haven debt on positive US economic data and relief that Greece will avert imminent default. JGB futures and 10-year cash bonds led de
Published 03 Jul, 2011 12:00am
Turkish assets mixed, stocks flat

Turkish assets mixed, stocks flat

Turkish assets traded mixed on Friday with the lira gaining on hopes that after unexpectedly strong growth in the first quarter the Turkish Central Bank will have to start hiking interest rates in the coming period. Bonds and stocks traded flat in thin tr
Published 03 Jul, 2011 12:00am
Brazil's Perenco, Tereos put off share offers

Brazil's Perenco, Tereos put off share offers

Perenco Petroleo e Gas, the Brazilian subsidiary of Anglo-French oil producer Perenco, asked regulators on Friday to suspend plans to sell shares in the domestic equity market for up to 60 days, according to a securities filing. The company, which explore
Published 03 Jul, 2011 12:00am
European shares hit one-month high

European shares hit one-month high

European shares hit a one-month high on Friday to record their best week in 10 months after US manufacturing sector growth showed a pick-up in June, raising hopes that the recovery in the world's largest economy remained on track. The macroeconomic number
Published 03 Jul, 2011 12:00am
Zynga files for IPO, surfs Facebook wave

Zynga files for IPO, surfs Facebook wave

Zynga Inc, developer of popular Facebook games such as FarmVille and Mafia Wars, could be the best proxy for investing in Facebook until the world's largest social network goes public itself. Zynga filed with regulators on Friday for an initial public off
Published 03 Jul, 2011 12:00am
Latam stocks up on US data

Latam stocks up on US data

Latin American stocks rose on Friday as gains in US manufacturing outweighed worries of a slowdown in Chinese factories, with equities following US stocks to their biggest weekly gain in nearly a year. The MSCI Latin American index rose 1.47 percent, to c
Published 03 Jul, 2011 12:00am
Sri Lankan stocks rebound

Sri Lankan stocks rebound

Sri Lankan stocks recovered from its near seven-month low in thin trade on Friday as forced selling eased as first-half settlements on credit transaction were accomplished, but low liquidity weighed. Sri Lanka's main share index edged up 0.27 percent or 1
Published 03 Jul, 2011 12:00am
Indian bond yields up

Indian bond yields up

Indian federal bond yields ended higher for the fifth straight session on Friday on market fatigue due to a continuous flow of bond sales and also as risk aversion took a backseat globally, with immediate concerns on Greek debt default receding. The 10-ye
Published 03 Jul, 2011 12:00am
Indian bond yields up

Indian bond yields up

Indian federal bond yields ended higher for the fifth straight session on Friday on market fatigue due to a continuous flow of bond sales and also as risk aversion took a backseat globally, with immediate concerns on Greek debt default receding. The 10-ye
Published 03 Jul, 2011 12:00am
European funds raise stocks, cut cash for first time in 2011

European funds raise stocks, cut cash for first time in 2011

European investors raised equities and cut cash for the first time this year while keeping their bond holdings largely steady, as those who bet the global economy would gradually pick up after the current soft patch bought risky assets. A survey of 17 Eur
Published 03 Jul, 2011 12:00am
European funds raise stocks, cut cash for first time in 2011

European funds raise stocks, cut cash for first time in 2011

European investors raised equities and cut cash for the first time this year while keeping their bond holdings largely steady, as those who bet the global economy would gradually pick up after the current soft patch bought risky assets. A survey of 17 Eur
Published 03 Jul, 2011 12:00am
Indonesia sees higher rice output, bigger surplus in 2011

Indonesia sees higher rice output, bigger surplus in 2011

Indonesia sees higher unmilled rice output in 2011 and a bigger surplus of the staple food as it expands production areas, government officials said on Friday. Despite the improving outlook, analysts still see Southeast Asia's largest economy entering the
Published 03 Jul, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 110,152 tonnes of cargo including 83,004 tonnes of import cargo, 27,148 tonnes of export cargo and 4,631 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 83,004 tonnes compr
Published 03 Jul, 2011 12:00am
Corn export premiums rise at US Gulf Coast

Corn export premiums rise at US Gulf Coast

Corn export premiums at the US Gulf Coast rose on Friday, supported by strong export demand highlighted by the second large sale to China in three months, traders said. China bought as much as 1.6 million tonnes of old- and new-crop US corn this week to r
Published 03 Jul, 2011 12:00am
Russian grain exports face slow restart

Russian grain exports face slow restart

Russian grain sales will get off to a slow start from Friday, when it returned to the global market as a grain exporter after an absence of nearly a year, as buyers appeared in no hurry to snap up supplies. The appetite for Russian wheat will eventually r
Published 03 Jul, 2011 12:00am
IDBP's declares PLS profit rates

IDBP's declares PLS profit rates

The Industrial Development Bank of Pakistan (IDBP) has announced the following rates of profit on different categories of PLS deposits for the half-year ended 30th June 2011:

Published 03 Jul, 2011 12:00am
IDBP's declares PLS profit rates

IDBP's declares PLS profit rates

The Industrial Development Bank of Pakistan (IDBP) has announced the following rates of profit on different categories of PLS deposits for the half-year ended 30th June 2011:

Published 03 Jul, 2011 12:00am
Oil cake market rates

Oil cake market rates

Rising trend was witnessed on the forward cottonseed oilcake market on Saturday while the December vaida was unchanged in process of trading, dealers said. The July contract That had closed at 1425.90 opened with 40 paisa gain at Rs 1426.30. The December
Published 03 Jul, 2011 12:00am
Grams, rice prices up on grain market

Grams, rice prices up on grain market

Grams and rice prices were sharply higher on the wholesale market on Saturday as buyers showed interest in the fresh purchasing ahead of Ramazan, dealers said. On the grams side, gram Australia was up by Rs 100 to Rs 4800-5000, gram dal Australia followed
Published 03 Jul, 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 03 Jul, 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 03 Jul, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (July 02, 2011).

Published 03 Jul, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (July 02, 2011).

Published 03 Jul, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (July 02, 2011).

Published 03 Jul, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (July 02, 2011).

Published 03 Jul, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (July 02, 2011).
Published 03 Jul, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (July 02, 2011).

Published 03 Jul, 2011 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (July 02, 2011).

Published 03 Jul, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (July 02, 2011).

Published 03 Jul, 2011 12:00am
THE RUPEE: mixed trend

THE RUPEE: mixed trend

The rupee moved both ways against dollar on the currency market on Saturday in process of trading, money experts said. The rupee gained five paisa against dollar, for buying at 85.90 and rose by three paisa for selling at 85.95, they said.
Published 03 Jul, 2011 12:00am
THE RUPEE: mixed trend

THE RUPEE: mixed trend

The rupee moved both ways against dollar on the currency market on Saturday in process of trading, money experts said. The rupee gained five paisa against dollar, for buying at 85.90 and rose by three paisa for selling at 85.95, they said.
Published 03 Jul, 2011 12:00am
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