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Archive - 2011-07-09
Militants kill six, attack NATO tanker
Top News

Militants kill six, attack NATO tanker

JAWAKAI : At least five people were killed when militants fired on two vehicles in Jawakai on Saturday, while the driver
Published 09 Jul, 2011 08:01pm
UNIDO delegation all praise for UVAS
Top News

UNIDO delegation all praise for UVAS

LAHORE: The United Nation Industrial Development Organization (UNIDO) delegation has said that the organization is consi
Published 09 Jul, 2011 01:54pm
England 268-9 against Sri Lanka
Cricket

England 268-9 against Sri Lanka

MANCHESTER : England , after winning the toss, scored 268 for nine against Sri Lanka in the fifth one-day internation
Published 09 Jul, 2011 01:34pm
China warns US politicians
Asia

China warns US politicians

BEIJING : China warned the United States not to interfere in its internal affairs after senior US politicians me
Published 09 Jul, 2011 01:13pm
Four dead in rain-hit South Korea
Asia

Four dead in rain-hit South Korea

SEOUL : Floods and heavy rain left four people dead and two missing in South Korea , a news agency said Saturday, citin
Published 09 Jul, 2011 01:07pm
Remittances cross $11bn mark
Top News

Remittances cross $11bn mark

KARACHI : The remittances sent home by overseas Pakistani workers crossed the $11 billion mark for the first time in cou
Published 09 Jul, 2011 11:44am
Police arrest 1,600 in Malaysia protest
Top News

Police arrest 1,600 in Malaysia protest

KUALA LUMPUR : Malaysian police fired tear gas and water cannon and made over 1,600 arrests on Saturday during clashes w
Published 09 Jul, 2011 11:38am
DG ISPR rejects NYT's allegations
Top News

DG ISPR rejects NYT's allegations

RAWALPINDI : Director General ISPR and Military Spokesman Major General Athar Abbas on Saturday rejected the allegation
Published 09 Jul, 2011 11:34am
GDP growth reaches 14.4pc ‘Turkmen’
Top News

GDP growth reaches 14.4pc ‘Turkmen’

ASHGABAT: Turkmenistan 's gross domestic product (GDP) grew by 14.4 percent in the first half of this year compared to
Published 09 Jul, 2011 11:31am
Karachi violence death toll rises to 98
Top News

Karachi violence death toll rises to 98

KARACHI : Security forces combed troubled neighbourhoods in the country's commercial hub, Karachi , on Saturday in sear
Published 09 Jul, 2011 08:08am
'China's foreign policy based on principles of equality'

'China's foreign policy based on principles of equality'

China's peaceful development and its aim of creating a harmonious world will play a pivotal role in shaping the global economic and political landscape in the years to come, Ambassador Masood Khan said on Friday. He was delivering a talk on China's Foreig
Published 09 Jul, 2011 12:00am
LUMS vice chancellor speaks about sustainable growth

LUMS vice chancellor speaks about sustainable growth

Lahore University of Management Sciences (LUMS) hosted the World Economic Forum Young Global Leaders Indo-Pak Initiative on Friday. According to the spokesperson the two day World Young Economic Forums First Young Global Leader (YGL) is the brain child of
Published 09 Jul, 2011 12:00am
'Coal energy to help end power loadshedding'

'Coal energy to help end power loadshedding'

Chairman Pakistan Council of Scientific & Industrial Research (PCSIR), Dr Shaukat Pervaiz said that the power loadshedding could be controlled by generating electricity through coal fed technology within three years. Talking to Pakistan Television (PTV),
Published 09 Jul, 2011 12:00am
Karachi University postpones all exams scheduled for today

Karachi University postpones all exams scheduled for today

Karachi University (KU) on Friday has announced to postpone all exams, which were to be held on Saturday, an official said. According to PTV, controller of examination said that the schedule for postponed papers would be announced later. However all main
Published 09 Jul, 2011 12:00am
Scattered rains likely today

Scattered rains likely today

Monsoon currents penetrating eastern and upper parts of the country upto 5000 feet will cause more scattered rain/dust-thundershowers in upper Punjab, Khyber Pakhtunkhwa, lower Sindh, Kashmir and Gilgit Baltistan on Saturday. In Khyber Pakhtunkhwa, scatte
Published 09 Jul, 2011 12:00am
PILDAT hails ECP decision on dual nationality

PILDAT hails ECP decision on dual nationality

Pakistan Institute of Legislative Development and Transparency (PILDAT) has welcomed the decision of Election Commission of Pakistan (ECP) over the steps taken for banning foreign nationality holders from contesting next General Election. The addition of
Published 09 Jul, 2011 12:00am
SZABIST, NBT Wind Power to set up wind farm

SZABIST, NBT Wind Power to set up wind farm

The NBT Wind Power Pakistan Limited in association with Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST) is setting up a 50 to 100 MW Wind Farm. An official of the NBT Wind said here on Friday that a Joint Development Agreement ha
Published 09 Jul, 2011 12:00am
Options are there if PPP annuls my membership: Qureshi

Options are there if PPP annuls my membership: Qureshi

Amid expected party membership termination, Pakistan People's Party (PPP) leader Shah Mehmood Qureshi Friday said that he has options to join other political parties if his party membership is cancelled. "I am not in haste; options are there (to join othe
Published 09 Jul, 2011 12:00am
RCIC organises investiture ceremony

RCIC organises investiture ceremony

Rotary Club of Pakistan Cosmopolitan (RCIC) on Friday organised an investiture ceremony to confer Rotary's Presidential Collar upon its newly elected President eminent educationist Dr Abdul Basit. The ceremony was held at a local hotel here. Hazem Hussein
Published 09 Jul, 2011 12:00am
Pakistan Mercantile Exchange announces a huge growth

Pakistan Mercantile Exchange announces a huge growth

The Pakistan Mercantile Exchange Limited completed yet another eventful year in 2010-11. This year brought about major changes and fuelled a new growth continuum for the Exchange. The year 2010-11 marked an increase of 671 percent from last year. In terms
Published 09 Jul, 2011 12:00am
FBISE announces results of SSC annual exams

FBISE announces results of SSC annual exams

Federal Board of Intermediate and Secondary Education (FBISE) on Friday announced the result of Secondary School Certificate (SSC) annual examination with a pass percentage of 79.94. According to notification issued by the FBISE, 67 unfair means cases wer
Published 09 Jul, 2011 12:00am
31 District Bait-ul-Maal committees revived

31 District Bait-ul-Maal committees revived

Social Welfare Department Punjab has revived 31 district Bait-ul-Maal committees out of 39 in all in order to provide financial assistance to destitute, orphan and other downtrodden segments of the society. Secretary Social Welfare, Women Development and
Published 09 Jul, 2011 12:00am
JCR-VIS reaffirms entity ratings of FAM

JCR-VIS reaffirms entity ratings of FAM

JCR-VIS Credit Rating Company Limited has reaffirmed entity ratings of First Al-Noor Modaraba (FAM) at 'BBB/A-3' (triple B/A-three). Outlook on the rating is 'stable'. Amidst unfavourable business trends since FY08, the modaraba has exhibited a cautious a
Published 09 Jul, 2011 12:00am
JCR-VIS reaffirms entity ratings of FAM

JCR-VIS reaffirms entity ratings of FAM

JCR-VIS Credit Rating Company Limited has reaffirmed entity ratings of First Al-Noor Modaraba (FAM) at 'BBB/A-3' (triple B/A-three). Outlook on the rating is 'stable'. Amidst unfavourable business trends since FY08, the modaraba has exhibited a cautious a
Published 09 Jul, 2011 12:00am
IJT activists baton-charged

IJT activists baton-charged

Scores of Islami Jamiat-e-Talba (IJT) activists who were protesting against the gay, lesbian, bisexual and transgender (GLBT) rights support function held last week at the US Embassy, baton charged by the police on Friday. The protestors who had assembled
Published 09 Jul, 2011 12:00am
Sindh accords top priority to education: minister

Sindh accords top priority to education: minister

Education is one of the top priorities of the government. This was stated by Sindh Minister for Finance, Syed Murad Ali Shah during his visit to Sindh Madressatul Islam (SMI) here, says a statement on Friday. Murad Ali Shah said that SMI is a pioneer inst
Published 09 Jul, 2011 12:00am
Tarbela extension project: Wapda directed to expedite work

Tarbela extension project: Wapda directed to expedite work

Federal Minister for Water and Power, Syed Naveed Qamar has directed Wapda authorities to expedite the work on 1350MW Tarbela 4th Extension Hydropower project and complete it ahead of its time. He gave these directions while presiding over a meeting durin
Published 09 Jul, 2011 12:00am
Three varieties of sugarcane: growers demand postponement of ban

Three varieties of sugarcane: growers demand postponement of ban

Prior to imposing the ban on 3 varieties of cane crops, the growers have urged Sindh government to call a joint meeting of agriculture research centres, experts and growers' representatives on the platform of Sindh Seed Council.
Published 09 Jul, 2011 12:00am
PPP-MQM deadlock: Firdous seeks to dispel impression

PPP-MQM deadlock: Firdous seeks to dispel impression

Federal Minister for Information and Broadcasting Dr Firdous Ashiq Awan on Friday ruled out the impression of any sort of deadlock with Muttahida Qaumi Movement (MQM), saying that the PPP-led government would never close doors for dialogue as it is the so
Published 09 Jul, 2011 12:00am
Chief Justice stresses importance of judicial education, research

Chief Justice stresses importance of judicial education, research

Chief Justice Iftikhar Muhammad Chaudhry on Friday observed that judicial education and research was of great importance in administration of justice but it had never been accorded due priority as a specialised field by the policy makers. This he said whi
Published 09 Jul, 2011 12:00am
Customs intelligence seizes herion, opium

Customs intelligence seizes herion, opium

Customs Intelligence, in two separate operations, recovered and seized 8kg heroin and 84 kg opium valued at Rs 4.7 million and Rs 11.04 million respectively, including the vehicles. In pursuance of specific information that an attempt would be made to smu
Published 09 Jul, 2011 12:00am
Nadra providing help to ECP in preparation of Draft Electoral Rolls

Nadra providing help to ECP in preparation of Draft Electoral Rolls

National Database and Registration Authority (Nadra) is providing support to Election Commission of Pakistan (ECP) in preparation of Draft Electoral Rolls after ECP deleted 37 million unverified votes from Final Electoral Rolls 2007. "Nadra has verified t
Published 09 Jul, 2011 12:00am
Samsung to organise road show in Karachi, Lahore

Samsung to organise road show in Karachi, Lahore

Samsung Electronics, a market leader and award-winning innovator in consumer electronics, semiconductors and telecommunications, is arranging a 'Samsung Universe Road Show' in Karachi and Lahore with the aim of enhancing its brand image and boosting produ
Published 09 Jul, 2011 12:00am
Power shortfall stays above 5,000 megawatts

Power shortfall stays above 5,000 megawatts

Power shortfall stayed above 5,000MW during last 24 hours, inviting troubles for the consumers at large in the city. Power generation stood at 13,107MW against a demand of 18,140MW, leaving the system with a total shortfall of 50,33MW. The hydro, thermal,
Published 09 Jul, 2011 12:00am
Small industrial estates: Rs 170 million to be spent on infrastructure

Small industrial estates: Rs 170 million to be spent on infrastructure

Punjab Small Industries Corporation (PSIC) has evolved a comprehensive plan for the improvement of infrastructure in existing small industrial estates functioning across Punjab, said Managing Director PSIC, Farhan Aziz Khawaja. Talking to Business Reco
Published 09 Jul, 2011 12:00am
Bilal Sufi elected 'Founders Group' chairman

Bilal Sufi elected 'Founders Group' chairman

The newly formed 'Founders Group' an outcome of alliance between 'Awaz Group' and 'Jamhoori Group' of the flour millers has elected Dr Bilal Aslam Sufi as its Chairman and Muhammad Khalique Arshad as Co-Chairman. Veteran flour millers Haji Muhammad Bashir
Published 09 Jul, 2011 12:00am
Imran terms grand alliance 'grand fraud'

Imran terms grand alliance 'grand fraud'

Chairman Pakistan Tahreek-e-Insaf (PTI), Imran Khan has said a mid-term election is the only solution to deal with the current crisis as the government has failed to deliver, thus it should resign immediately. Addressing a press conference on Friday, he c
Published 09 Jul, 2011 12:00am
PIA Board approves raise in salaries

PIA Board approves raise in salaries

PIA's 333rd Board of Directors meeting was held at PIA Head Office, Karachi, on Friday. The Board considered and approved 20 percent increase in the salary of employees in PG I to IV in Admin category and 10 percent increase in salary of officers in PG V
Published 09 Jul, 2011 12:00am
Gas pipeline blown up

Gas pipeline blown up

Unidentified armed men blew up eight-inch diameter gas supply pipeline in Dera Bugti on Friday. "Unknown men planted an explosive material with a pipeline supplying gas from Well No-06 of Loti Gas Field to the purification plant and detonated it," police
Published 09 Jul, 2011 12:00am
Khyber Pakhtunkhwa government to set up modern transport complex

Khyber Pakhtunkhwa government to set up modern transport complex

Khyber Pakhtunkhwa Minister for Transport & Information, Mian Iftikahr Hussain has said that the government has planned to establish a modern transport complex near new bus stands. The minister was speaking at a meeting of the Business Development Unit Tr
Published 09 Jul, 2011 12:00am
Torture on PTI workers deplored

Torture on PTI workers deplored

The Pakistan Tehreek-e-Insaf (PTI), Khyber Pakhtunkwa (KP) chapter has deplored police torture and manhandling of workers and illegal raids in their houses in PF-3 constituency and alleged that the provincial government was behind the cruel episode.
Published 09 Jul, 2011 12:00am
'Science must address socio-economic needs'

'Science must address socio-economic needs'

Addressing a gathering of international and local scientists, Dr Ansar Parvez, Chairman, Pakistan Atomic Energy Commission (PAEC) stressed the need for converting and focusing the scientific knowledge towards the socio-economic needs and this is especiall
Published 09 Jul, 2011 12:00am
Four gangs of car lifters busted: eight arrested

Four gangs of car lifters busted: eight arrested

Capital Police on Friday busted four gangs of car lifters and nabbed eight persons after recovery of 22 stolen cars from them, said Bani Amin Khan, Inspector General of Police (IGP) Islamabad here on Friday.
Published 09 Jul, 2011 12:00am
To save Karachi de-politicise police

To save Karachi de-politicise police

The scale of violence that periodically erupts in Karachi beggars description. How much of blood is shed on the streets of the country's most populous city every day it is mind-boggling. Not that previously such waves of violence were no less brutal - tho
Published 09 Jul, 2011 12:00am
Admiral Mullen's curious assertions

Admiral Mullen's curious assertions

Chairman of the US Joint Chiefs of Staff Admiral Mike Mullen has made an intriguing statement regarding a highly sensitive but purely domestic issue of Pakistan. He is reported to have said that the Pakistan government "sanctioned" the killing of journali
Published 09 Jul, 2011 12:00am
People in the conversation

People in the conversation

The inefficiency of the economic systems is dependent on the ethical values that are brought to bear on the entrepreneurial systems. Unless these systems work to the advantage of the common man there will be always monopoly powers to contend with. Once a
Published 09 Jul, 2011 12:00am
Where do we go from here?

Where do we go from here?

Despite a working democracy, the cause of Freedom in Pakistan has been suffering due to a myriad of problems. The political system and culture is still weak. Political parties are not adequately organised and lack democracy within. Violent political ideol
Published 09 Jul, 2011 12:00am
Egypt's political powers reshuffle priorities

Egypt's political powers reshuffle priorities

The maze of banners fluttering over the tents pitched in Cairo's Tahrir Square on Friday signalled a coming-together in the divergent agendas of Egypt's political powers. "The Revolution First - We Want Serious Changes," the banners read, as thousands gat
Published 09 Jul, 2011 12:00am
Visit to 10 Downing Street

Visit to 10 Downing Street

This refers to the public outrage, as expressed in the national media, over Asif Zardari's decision to have his son Bilawal, who holds no public office, tag along with him during a recent visit to No: 10, Downing Street to meet the British Prime Minister,
Published 09 Jul, 2011 12:00am
APML criticises government over violence

APML criticises government over violence

All Pakistan Muslim League (APML) has expressed grave concern over current law and order situation in Karachi and said the PPP-led government has totally failed to provide protection of life and property to its citizens. The APML leader Javaid Badr said h
Published 09 Jul, 2011 12:00am
MQM observes mourning day; protest march called off

MQM observes mourning day; protest march called off

On the call of Muttahida Qaumi Movement (MQM) city-wide mourning day was observed against unabated gory incidents of violence in the metropolis, where dozens of citizens fell prey to terrorists. The Muttahida Qaumi Movement (MQM) also called off a peace m
Published 09 Jul, 2011 12:00am
LCCI concerned over acts of violence

LCCI concerned over acts of violence

The Lahore Chamber of Commerce and Industry (LCCI) on Friday while expressing grave concern over deteriorating law and order situation in Karachi said that it would have far reaching implications for trade and industry all over the country if necessary me
Published 09 Jul, 2011 12:00am
Businessmen worried over law, order situation

Businessmen worried over law, order situation

Business community in the provincial metropolis have expressed their worries over Karachi situation, cancelling their business trips in the wake of violent incidents claiming about 100 lives in four days. Majority of businessmen kept on discussing rising
Published 09 Jul, 2011 12:00am
Jamaat-e-Islami slams PPP

Jamaat-e-Islami slams PPP

Jamaat-e-Islami Pakistan Amir Syed Munawwar Hasan on Friday said that People's Party despite having ability to stop bloodshed in Karachi and arrest the killers is protecting them just to win their support while PML-N has joined hands with those responsibl
Published 09 Jul, 2011 12:00am
Khuhro for enhanced security

Khuhro for enhanced security

Acting Governor of Sindh, Nisar Ahmed Khuhro, has urged the administration to enhance patrolling in the violence hit areas of the metropolis and undertake effective steps for the protection of the lives and property of the people. In a statement here on F
Published 09 Jul, 2011 12:00am
Karachi wears a deserted look

Karachi wears a deserted look

The city on Friday wore a complete deserted look as fears of unabated vandalism and target killings left the trade, commercial, social and academic activities completely suspended in the country's largest economic power hub, following MQM mourning day cal
Published 09 Jul, 2011 12:00am
US MIDDAY: gold holds gains

US MIDDAY: gold holds gains

Gold prices held onto gains of nearly 1 percent on Friday, achieved after weak US nonfarm payrolls data renewed fears about the health of the world's biggest economy and spurred safe-haven buying. Spot gold rose to a two-week high of $1,545.30 an ounce, a
Published 09 Jul, 2011 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

Copper lower early on Friday after disappointing June employment data in the United States scaled back some recovery optimism and threw into question the sustainability of the red metal's two-week rally. In New York, the key September COMEX contract fell
Published 09 Jul, 2011 12:00am
US MIDDAY: grains up

US MIDDAY: grains up

US corn futures rose 3.2 percent on Friday on surging exports, particularly to China, and concerns that hot weather forecast for the Corn Belt could threaten the developing crop as it enters its crucial pollination stage. Wheat also rallied as funds cover
Published 09 Jul, 2011 12:00am
US MIDDAY: sugar climbs

US MIDDAY: sugar climbs

Sugar futures climbed Friday as the sweetener defied early losses inflicted by poor US jobs data due to rising concern a small cane crop in top producer Brazil will shrink further this season. Coffee and cocoa reeled from the horrid US jobs number althoug
Published 09 Jul, 2011 12:00am
Gold rallies in Europe

Gold rallies in Europe

Gold prices rose nearly 1 percent on Friday, erasing early losses, as much weaker-than-expected US non-farm payrolls data fuelled fears the recovery in the world's biggest economy was struggling to gain traction. Spot gold rose to a fresh two-week high of
Published 09 Jul, 2011 12:00am
Gold stays up in Asia

Gold stays up in Asia

Spot gold was steady in thin trade on Friday, ahead of a key US employment report that is expected to show improvement in the labour market and boost optimism on prospects for the world's largest economy. Spot gold moved within a narrow $3 range and was l
Published 09 Jul, 2011 12:00am
US gold rises

US gold rises

Gold prices firmed on Thursday, but stayed around $1,530 an ounce, as most investors held onto current positions ahead of the next day's much-anticipated US June jobs report. Spot gold was at $1,531.86 an ounce by 3:00 pm EDT (1900 GMT) against $1,527.50
Published 09 Jul, 2011 12:00am
Liffe sugar higher

Liffe sugar higher

Liffe August white sugar ended $3.50 higher at $818.30 a tonne on Friday. Market supported by worries over Brazilian cane output after a slow start to the harvest in the centre-south. Liffe September cocoa ended 69 pounds lower at 1,944 pounds a tonne, as
Published 09 Jul, 2011 12:00am
Malaysian palm oil touches highest level

Malaysian palm oil touches highest level

Malaysian palm oil futures touched the highest level since the end of June on Friday, boosted by technical buying and higher prices for comparative oils ahead of industry data from No 2 producer Malaysia next week. The benchmark September crude palm oil c
Published 09 Jul, 2011 12:00am
Tokyo rubber falls, Shanghai up

Tokyo rubber falls, Shanghai up

Key Tokyo rubber futures eased on Friday, as investors took profits amid a drop in oil prices while awaiting key US jobs data due later in the day to gauge the outlook for the US economy. The key Tokyo Commodity Exchange rubber contract for December deliv
Published 09 Jul, 2011 12:00am
US crude falls 2.5 percent

US crude falls 2.5 percent

US crude prices fell 2.5 percent on Friday, the biggest percentage loss in two weeks, as a disappointing June jobs report dashed hopes the data would indicate a rebound for stalled economic growth. News of reduced North Sea loadings helped limit Brent los
Published 09 Jul, 2011 12:00am
Copper declines

Copper declines

Copper fell on Friday after data showed US jobs growth braked sharply in June, quashing hopes that the pace of the world's largest economy was quickening, but disruptions to supply of the metal helped limit losses. Benchmark copper on the London Metal Exc
Published 09 Jul, 2011 12:00am
Shanghai copper rises

Shanghai copper rises

The most-active September copper contract on the Shanghai Futures Exchange rose 1.2 percent to 71,870 yuan per tonne on Friday, catching up with overnight gains in London. "ShFE copper prices did not fully catch up with LME's gains overnight. It's underst
Published 09 Jul, 2011 12:00am
New York cotton marginally higher

New York cotton marginally higher

Cotton futures finished marginally higher on Friday on buying by small investors as players adjusted positions while waiting for a government crop report due out next week, brokers said. The key December cotton futures on ICE Futures US rose 0.36 cent to
Published 09 Jul, 2011 12:00am
US breached international law in Mexican execution: UN

US breached international law in Mexican execution: UN

The United States violated international law by executing a Mexican national who was denied his consular rights, UN human rights chief Navi Pillay said Friday. "The execution of Mr Leal Garcia places the US in breach of international law," said Pillay. "W
Published 09 Jul, 2011 12:00am
Rains in China leave 70 dead or missing

Rains in China leave 70 dead or missing

State media say heavy rains across China have left at least 70 people dead or missing over the past week. Xinhua News Agency reported Friday that 49 people died from July 1 through Friday in rain-triggered disasters. At least 21 people disappeared during
Published 09 Jul, 2011 12:00am
Paris prosecutor to look into new Strauss-Kahn case

Paris prosecutor to look into new Strauss-Kahn case

The Paris prosecutor's office said on Friday it has opened a preliminary inquiry into a complaint filed by French writer Tristane Banon alleging an attempted rape by former IMF chief Dominique Strauss-Kahn. The case throws up a new headache for the French
Published 09 Jul, 2011 12:00am
US, French envoys in Hama; 13 killed in Syria

US, French envoys in Hama; 13 killed in Syria

Tens of thousands of people rallied in the Syrian city of Hama on Friday, calling for the downfall of President Bashar al-Assad, as Western envoys visited the city to show support for protesters. Activists said security forces shot dead 13 people elsewher
Published 09 Jul, 2011 12:00am
DR Congo plane ploughs into forest, 53 dead

DR Congo plane ploughs into forest, 53 dead

An airliner ploughed into dense forest as it tried to land during a rainstorm in eastern Democratic Republic of Congo on Friday, killing 53 of the 110 people on board, the Congolese company operating the flight said. The accident at the international airp
Published 09 Jul, 2011 12:00am
Washington Post website jobs section hacked

Washington Post website jobs section hacked

The Washington Post said Thursday that a hacker had gained access to nearly 1.3 million email addresses and user IDs on its online jobs section. The Post said no passwords or other personal data were compromised in the attack on the jobs section of Washin
Published 09 Jul, 2011 12:00am
Israel seizes Palestinian land for settlement: NGO

Israel seizes Palestinian land for settlement: NGO

Israel has confiscated about 20 hectares (50 acres) of Palestinian land in the West Bank in order to give official status to a settlement outpost, settlement watchdog Peace Now said on Friday. In a report on its website, Peace Now said land belonging to t
Published 09 Jul, 2011 12:00am
Egypt's mass demonstrations target new rulers

Egypt's mass demonstrations target new rulers

Tens of thousands of people took to the streets across Egypt on Friday to defend the uprising that toppled president Hosni Mubarak, directing their anger at the new military rulers over the slow pace of reform. In the capital, flag-waving protesters packe
Published 09 Jul, 2011 12:00am
US House approves $649 billion for defence in 2012

US House approves $649 billion for defence in 2012

A $649 billion defence spending bill for next year easily passed the US House of Representatives on Friday after four days of debate in which war-weary lawmakers sought to curb President Barack Obama's combat operations in Afghanistan and Libya.
Published 09 Jul, 2011 12:00am
Turkey insists on apology to normalise Israel ties

Turkey insists on apology to normalise Israel ties

Turkey's prime minister said on Friday it was "unthinkable" to normalise ties with Israel unless it apologised for a bloody raid on a Turkish ship bound for Gaza last year and lifted a blockade on the Palestinian territory. In a speech to parliament ahead
Published 09 Jul, 2011 12:00am
Libyan rebels set for renewed push to Tripoli

Libyan rebels set for renewed push to Tripoli

Libyan rebels renewed their push against leader Muammar Qadhafi's forces on Friday, coming under heavy fire just days after making hefty advances towards Tripoli on two fronts. Tens of thousands of supporters of the defiant Qadhafi rallied in Tripoli's Gr
Published 09 Jul, 2011 12:00am
Berlusconi confirms will not stand in 2013 election

Berlusconi confirms will not stand in 2013 election

Italian Prime Minister Silvio Berlusconi confirmed Friday that he will not run in the next elections in 2013 and will hand over the reigns of his party to Justice Minister Angelino Alfano. "I will not be a candidate for the post of prime minister in the n
Published 09 Jul, 2011 12:00am
Azerbaijan blacklists British mine-clearance charity

Azerbaijan blacklists British mine-clearance charity

Azerbaijan on Friday said that it had blacklisted a respected British-based mine-clearance charity because it has been working in the disputed territory of Nagorny Karabakh. The head of Azerbaijan's National Agency for Mine Action said that the Halo Trust
Published 09 Jul, 2011 12:00am
US returns recovered artifacts taken from Iraq

US returns recovered artifacts taken from Iraq

An ancient bead necklace, terra cotta tablets from ancient Babylonia depicting Ishtar, the goddess of love and war, and posters of deposed leader Saddam Hussein were among artifacts that US officials returned to the Iraqi government on Thursday.
Published 09 Jul, 2011 12:00am
Germany seals nuclear exit by 2022

Germany seals nuclear exit by 2022

The German parliament sealed plans Friday to phase out nuclear energy by 2022, making the country the first major industrial power to take the step in the wake of the disaster at Japan's Fukushima plant. The nuclear exit scheme cleared its final hurdle in
Published 09 Jul, 2011 12:00am
Bosnians march in memory of Srebrenica massacre

Bosnians march in memory of Srebrenica massacre

It's a grim pilgrimage to the heart of Europe's worst massacre since World War II. On Friday, thousands of people set off on foot through rugged mountains that Muslims crossed in fleeing Serb forces at Srebrenica, reviving horrific memories of being stalk
Published 09 Jul, 2011 12:00am
US space shuttle leaves Earth on final flight

US space shuttle leaves Earth on final flight

Space shuttle Atlantis rocketed off its seaside launch pad on Friday, rising atop a tower of smoke and flames as it left Earth on the shuttle program's final flight. About 1 million sightseers witnessed the smooth lift-off from Kennedy Space Center. They
Published 09 Jul, 2011 12:00am
Africa drought endangers 500,000 children: UN

Africa drought endangers 500,000 children: UN

The lives of half a million children in the Horn of Africa are at risk, international aid agencies said on Friday, as the worst drought in decades forces thousands of people to flee their homes each day. High food prices and the driest years since the ear
Published 09 Jul, 2011 12:00am
Israel expels pro-Palestinian activists

Israel expels pro-Palestinian activists

Israel expelled 25 alleged pro-Palestinian activists who landed at its main airport on Friday and was interrogating another 30 suspects there, police told AFP. "Twenty-five have been sent back where they came from," police spokeswoman Luba Samri said. "Th
Published 09 Jul, 2011 12:00am
Military depot on fire in Turkmenistan

Military depot on fire in Turkmenistan

Fire and explosions at a munitions depot in the Central Asian state of Turkmenistan forced the evacuation of hundreds of people on Friday, as local media reported scores killed amid government denials of a serious problem. The apparent accident took place
Published 09 Jul, 2011 12:00am
Afridi will never lead Pakistan: PCB chief

Afridi will never lead Pakistan: PCB chief

Pakistan Cricket Board (PCB) chief Ijaz Butt has said former one-day captain Shahid Afridi will never lead the national side again, blaming him for losing matches against the West Indies in May. "In my opinion, perhaps considered wrong by some people, he
Published 09 Jul, 2011 12:00am
India rejected revenue sharing plan: Ijaz Butt

India rejected revenue sharing plan: Ijaz Butt

Pakistan's cricket chief Ijaz Butt has said India rejected a proposal to share revenue from a possible series between the arch rivals on the grounds that India will play host. "We hope the series will be revived and we told them we are ready to play in In
Published 09 Jul, 2011 12:00am
Man City confirm stadium sponsor deal

Man City confirm stadium sponsor deal

Manchester City on Friday confirmed a 10-year sponsorship deal with Etihad Airways which will see the club's stadium named after the airline. The club said in a statement the club's home at Eastlands would now be renamed the Etihad Stadium with immediate
Published 09 Jul, 2011 12:00am
England cricketer Taylor retires

England cricketer Taylor retires

England cricketer Claire Taylor, the first woman to be named as one of Wisden's Five Cricketers of the Year, retired from international cricket on Friday. The 35-year-old batsman made her announcement a day after helping England beat Australia by 34 runs
Published 09 Jul, 2011 12:00am
Sri Lanka postpones: IPL-style tournament

Sri Lanka postpones: IPL-style tournament

The inaugural Sri Lanka Premier League has been postponed to next year following the withdrawal of the Indian cricketers, the island nation's sports minister told Reuters on Friday. "The company which is organising (the tournament) said financially they a
Published 09 Jul, 2011 12:00am
China and Australia level in Davis Cup clash

China and Australia level in Davis Cup clash

Rising Australian star Bernard Tomic on Friday kept his squad from falling behind in their Davis Cup clash with China, winning his singles match to even the tie at 1-1 after the first day of play. The 18-year-old Tomic, who reached this year's Wimbledon q
Published 09 Jul, 2011 12:00am
Japan, Uzbekistan draw 1-1

Japan, Uzbekistan draw 1-1

A dehydrated Farrukh Dustov was forced to retire after taking a set off Kei Nishikori, leaving Uzbekistan and Japan tied at 1-1 in the Davis Cup Asia-Oceania zone Group One second round tie on Friday. Earlier, 68th-ranked Denis Istomin had given Uzbekista
Published 09 Jul, 2011 12:00am
Afridi joins Razzaq at Melbourne Renegades

Afridi joins Razzaq at Melbourne Renegades

Melbourne Renegades named Pakistani all-rounder Shahid Afridi as one of their two overseas recruits for Australia's revamped domestic Twenty20 league on Friday. The former Pakistan captain ignored more lucrative offers to join compatriot Abdul Razzaq, who
Published 09 Jul, 2011 12:00am
Harbhajan hungry for more after 400th Test wicket

Harbhajan hungry for more after 400th Test wicket

India off-spinner Harbhajan Singh said he expected to continue tormenting batsmen for a long time, after becoming only the 11th bowler to capture 400 Test wickets in the third Test against West Indies on Thursday. Harbhajan, playing in his 96th Test, fini
Published 09 Jul, 2011 12:00am
Wiggins crashes out of Tour de France

Wiggins crashes out of Tour de France

Yellow jersey contender Bradley Wiggins crashed out of the Tour de France after being caught up in a crash on the race's seventh stage Friday. Wiggins, of Team Sky, finished fourth overall in 2009 and, after his recent victory in the Criterium du Dauphine
Published 09 Jul, 2011 12:00am
Series-decider today: Cook still striving to improve

Series-decider today: Cook still striving to improve

England one-day captain Alastair Cook is determined to avoid taking his fine form for granted as he leads the side into their series-decider against Sri Lanka at Old Trafford here Saturday. Cook made a career-best 119 in a six-wicket defeat at Lord's last
Published 09 Jul, 2011 12:00am
Blackburn to start Indian academy

Blackburn to start Indian academy

English Premier League side Blackburn Rovers plan to establish a youth academy in India, its owners have said ahead of the club's pre-season tour of the sub-continent. The managing director of Indian poultry giant Venky's, which bought the Ewood Park side
Published 09 Jul, 2011 12:00am
Euro lending rates up

Euro lending rates up

Key euro interbank lending rates rose on Friday, the day after the European Central Bank hiked interest rates to 1.5 percent but analysts cautioned the market may be being a little complacent in pricing in further tightening this year. The ECB raised inte
Published 09 Jul, 2011 12:00am
Singapore dollar at record high

Singapore dollar at record high

The South Korean won hit a three-year high and the Singapore dollar rose to a record on Friday as macro and hedge funds chased emerging Asian currencies ahead of key data from the United States, though technical indicators suggest some of the regional uni
Published 09 Jul, 2011 12:00am
Indian rupee strengthens

Indian rupee strengthens

The Indian rupee strengthened on Friday, but eased off a two-month high hit earlier, as robust dollar inflows and gains in Asian currencies helped offset weak local shares. The partially convertible rupee ended at 44.3250/3350 per dollar, 0.23 percent str
Published 09 Jul, 2011 12:00am
Australian dollar hits fresh 26-year high versus sterling

Australian dollar hits fresh 26-year high versus sterling

The Australian dollar hit a fresh 26-year high against a broadly weaker sterling on Friday, while the New Zealand dollar held near a 30-year peak on the greenback as risk appetite improved after upbeat US private-sector employment data. The Aussie dollar
Published 09 Jul, 2011 12:00am
Euro gains versus dollar

Euro gains versus dollar

The euro gained against the dollar on Thursday, snapping two days of declines, after ECB President Jean-Claude Trichet said the central bank would relax rules and continue to provide liquidity to Portugal, helping allay worries about Europe's debt crisis.
Published 09 Jul, 2011 12:00am
Early trade in New York: dollar slides versus yen, franc

Early trade in New York: dollar slides versus yen, franc

The dollar dropped against the yen and Swiss franc on Friday as dour US jobs data strengthened expectations the Federal Reserve will leave interest rates low well into next year, prompting investors to embrace alternate safe-havens. The euro hit a session
Published 09 Jul, 2011 12:00am
Dollar rallies across the board in London

Dollar rallies across the board in London

The dollar rallied across the board on Friday as investors bet it would gain if US jobs data due at 1230 GMT comes in stronger than expected, while continuing concerns about the European banking sector stung the euro.
Published 09 Jul, 2011 12:00am
Euro stalls in Asia

Euro stalls in Asia

The euro eased against the dollar on Friday, its bounce from the previous day's low stalling as investors braced for US jobs data, and was seen at risk of extending its recent slide against the resilient Australian dollar. The euro had touched a two month
Published 09 Jul, 2011 12:00am
Sterling rebounds

Sterling rebounds

Sterling rebounded against the dollar on Friday, after much weaker than forecast US jobs data drove investors who had added bullish bets on the greenback in expectation of a strong number to unwind those positions. Sterling rose to a session high of $1.60
Published 09 Jul, 2011 12:00am
Yuan little changed

Yuan little changed

The yuan ended little changed versus the dollar on Friday after the Chinese central bank set a slightly higher mid-point, with traders adopting a wait-and-see attitude in the absence of clear direction on yuan appreciation. Dealers said the market was wai
Published 09 Jul, 2011 12:00am
FTSE 100 index drops 1.1 percent

FTSE 100 index drops 1.1 percent

Britain's top share index dropped on Friday, reversing modest early gains, led by weaker banks and commodity stocks as risk aversion returned after the latest US jobs data disappointed, raising fears about the health of the world's largest economy. At the
Published 09 Jul, 2011 12:00am
Indian shares gain for third straight week

Indian shares gain for third straight week

Indian shares ended higher for the third week in a row, but slipped more than 1 percent in choppy trade on Friday, dragged by losses in miners, Reliance Industries and financials and some profit booking. Coal India, the world's largest coal miner, plunged
Published 09 Jul, 2011 12:00am
India mining stocks hit by profit-sharing draft bill

India mining stocks hit by profit-sharing draft bill

Shares of Coal India and other mining firms tumbled on Friday after a ministerial panel approved a draft bill which would force miners to share profits with displaced local communities. If enacted the Mines and Mineral Development and Regulation would mak
Published 09 Jul, 2011 12:00am
India mining stocks hit by profit-sharing draft bill

India mining stocks hit by profit-sharing draft bill

Shares of Coal India and other mining firms tumbled on Friday after a ministerial panel approved a draft bill which would force miners to share profits with displaced local communities. If enacted the Mines and Mineral Development and Regulation would mak
Published 09 Jul, 2011 12:00am
European shares end week in red

European shares end week in red

European shares fell sharply on Friday to end the week in the red after a surprising slide in US job creation reignited fears over the pace of growth in the world's largest economy. US non-farm payrolls showed just 18,000 jobs added in June compared with
Published 09 Jul, 2011 12:00am
Banks lift Hong Kong, China shares

Banks lift Hong Kong, China shares

Bank stocks helped Chinese stocks post a third consecutive week of gains on Friday and extend their recovery from nine-month lows, with retail investors bargain hunting ahead of China's June inflation data due on Saturday. Thin trading volume and lack of
Published 09 Jul, 2011 12:00am
Seoul shares flat

Seoul shares flat

Seoul shares finished flat on Friday following seven straight sessions of gains despite positive US jobs and retail data, pressured by profit-taking. Shares in SK Telecom, South Korea's top mobile carrier, dove 3.24 percent to a nearly eight-year low on c
Published 09 Jul, 2011 12:00am
Treasuries decline

Treasuries decline

US Treasuries prices fell on Thursday as encouraging private-sector jobs data and European Central Bank support for Portuguese debt reduced worries about the economy and sovereign fiscal problems in Europe. Possible progress in Washington over raising the
Published 09 Jul, 2011 12:00am
Treasuries decline

Treasuries decline

US Treasuries prices fell on Thursday as encouraging private-sector jobs data and European Central Bank support for Portuguese debt reduced worries about the economy and sovereign fiscal problems in Europe. Possible progress in Washington over raising the
Published 09 Jul, 2011 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks erased earlier gains and ended 0.27 percent lower on Friday, but property developers gained 0.94 percent on government plans to remove a limit on mainland China investments by construction companies in property development. Smartphone maker
Published 09 Jul, 2011 12:00am
Wall Street ends sharply higher

Wall Street ends sharply higher

US stocks closed sharply higher and the Nasdaq notched an eighth day of gains on Thursday as improved labour market and retail sales data added to optimism a day before the critical June payrolls report. Equities have been on a tear recently as improving
Published 09 Jul, 2011 12:00am
Friday's afternoon trade: jobs data hits stocks

Friday's afternoon trade: jobs data hits stocks

US stocks dropped on Friday and the Nasdaq looked to end an eight-day winning streak as a weak jobs report dashed hopes the economy was emerging from a soft patch, though the start of earnings season next week kept investors engaged. US employers hired a
Published 09 Jul, 2011 12:00am
Nikkei hits four-month peak

Nikkei hits four-month peak

The Nikkei average hit a four-month peak on Friday, led by gains in construction stocks after a brokerage upgrade, while investors see the market recovering to pre-quake levels next week if US job figures improve in line with other data. Construction stoc
Published 09 Jul, 2011 12:00am
South East Asian markets: Indonesia at record high

South East Asian markets: Indonesia at record high

Southeast Asian stock markets gained on Friday as optimism about US jobs data later in the day increased investor appetite, with inflows sending Indonesian stocks to record highs and Thai stocks faring best on the week in a post-election rally. Volume pic
Published 09 Jul, 2011 12:00am
US jobs growth stalls, setting back recovery hopes

US jobs growth stalls, setting back recovery hopes

US jobs growth ground to a near halt in June as employers hired the fewest workers in nine months, frustrating hopes the economy would bounce back quickly from a slowdown in the first half of the year. Nonfarm payrolls rose only 18,000, the Labour Departm
Published 09 Jul, 2011 12:00am
German imports hit record

German imports hit record

Germans imported more goods in May than ever before, data showed on Friday, boosting hopes that surging domestic demand in Europe's biggest economy will trickle down to weaker eurozone states in the form of healthier trade balances. Seasonally adjusted im
Published 09 Jul, 2011 12:00am
StanChart Korean unit to shut branches

StanChart Korean unit to shut branches

Standard Chartered's South Korean banking unit plans to suspend operations at 43 of its 392 branches from Monday should it fail to reach an agreement with the striking labour union this weekend, following two weeks of workers' strikes over a new pay schem
Published 09 Jul, 2011 12:00am
Russia to pump more oil, cut export duty: Putin

Russia to pump more oil, cut export duty: Putin

Russia will increase oil production by less than 1 percent this year, to 508-509 million tonnes, Prime Minister Vladimir Putin said on Friday at an industry meeting on export duty for oil and product exports. Russia produced around 505 million tonnes last
Published 09 Jul, 2011 12:00am
France includes nuclear power exit among options

France includes nuclear power exit among options

France raised the possibility for the first time of pulling out of nuclear power although its energy minister stressed on Friday that this was just one of many scenarios, not the one favoured by the government. Energy Minister Eric Besson announced on rad
Published 09 Jul, 2011 12:00am
EU states ready to rescue bank test failures

EU states ready to rescue bank test failures

European governments are ready to bail out those banks which cannot raise capital from investors after the EU details on July 15 which lenders have failed its latest, more vigorous stress test. The European Banking Authority (EBA) announced on Friday the
Published 09 Jul, 2011 12:00am
State Bank of India plans to raise $5 billion in overseas debt

State Bank of India plans to raise $5 billion in overseas debt

State Bank of India , the country's largest lender, plans to raise $5 billion via overseas debt in the current fiscal year, its chairman said on Friday, if demand for loans pick up in the growing economy. Pratip Chaudhuri told reporters the bank, which al
Published 09 Jul, 2011 12:00am
Japan's service sector sentiment jumps at record pace

Japan's service sector sentiment jumps at record pace

Japan's service sector sentiment jumped at a record pace in June, a government survey showed on Friday, with further improvement expected as consumer spending picks up on the back of the economy's recovery from the March earthquake. The data adds to evide
Published 09 Jul, 2011 12:00am
New rating agency likely: EU officials

New rating agency likely: EU officials

The leading US trio of credit rating agencies is likely to soon face European competition, Polish Premier Donald Tusk and European Commission President Jose Manuel Barroso said Friday, days after a cut to Portugal's debt rating angered Europe's leaders.
Published 09 Jul, 2011 12:00am
Abu Dhabi hosts Africa meeting on renewable energy

Abu Dhabi hosts Africa meeting on renewable energy

Africa's growing economy and reliance on carbon-emitting energy from wood and charcoal could "exponentially" worsen global warming unless the continent steps up its investment in wind, solar and hydro power, the head of a new international energy agency s
Published 09 Jul, 2011 12:00am
Shell to produce more gas than oil

Shell to produce more gas than oil

Royal Dutch Shell Plc will produce more gas than oil from 2012, Chief Executive Peter Voser was quoted as saying on Friday. "The future belongs to gas. The known reserves will last for 250 years. Gas power plants complement renewable energies perfectly be
Published 09 Jul, 2011 12:00am
South Korea's annual producer inflation steady

South Korea's annual producer inflation steady

South Korean annual producer price inflation held steady in June after easing for two consecutive months although it remained relatively high, data showed on Friday, a week before the central bank's monthly policy meeting. The producer price index (PPI) r
Published 09 Jul, 2011 12:00am
Canada's bright jobs data clouded by US gloom

Canada's bright jobs data clouded by US gloom

Canada's economy created a surprisingly high number of jobs in June, but dismal US data and lack of wage inflation may mean the central bank keeps its foot on the accelerator for a while longer with low rates. Net employment gains in the month totalled 28
Published 09 Jul, 2011 12:00am
Sri Lanka holds rates as inflation eases

Sri Lanka holds rates as inflation eases

Sri Lanka's central bank on Friday kept its policy rates unchanged for a sixth straight month in line with expectations, saying improved supply conditions as a result of the harvest will ease headline inflation in coming months. The repo rate and reverse
Published 09 Jul, 2011 12:00am
Bank of France trims GDP forecast

Bank of France trims GDP forecast

The Bank of France trimmed its forecast again for French second-quarter economic growth to 0.2 percent quarter-on-quarter, from 0.4 percent previously, hinting that a recovery is running out of steam earlier than expected. The revision pointed to a sharp
Published 09 Jul, 2011 12:00am
ADB launches $500 million aid plan for Cambodia

ADB launches $500 million aid plan for Cambodia

The Asian Development Bank (ADB) said Thursday it will invest around $500 million in Cambodia over the next three years to reduce poverty, mainly through infrastructure and agriculture projects. The soft loan forms part of a new "country partnership strat
Published 09 Jul, 2011 12:00am
Australia to set carbon price of A$23 per tonne

Australia to set carbon price of A$23 per tonne

Australia is set to slap a carbon tax of A$23 a tonne ($24.60) on its major emitters, newspapers said on Thursday, but it has halved the number of companies liable for the tax in a bid to overcome hostility to the policy. The ruling Labour party is due on
Published 09 Jul, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 85,497 tonnes of cargo including 66,654 tonnes of import cargo, 18,843 tonnes of export cargo and 2,211 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 66,654 tonnes comprise
Published 09 Jul, 2011 12:00am
Soya export premiums firm at US Gulf Coast

Soya export premiums firm at US Gulf Coast

Export premiums for soyabeans were steady to firm at the US Gulf Coast on Thursday, supported by better demand, especially for shipments during the fall harvest season, traders said. Corn and wheat premiums held mostly steady in slow trading. Demand for c
Published 09 Jul, 2011 12:00am
Rates unchanged on grain market

Rates unchanged on grain market

All rates were unchanged on the wholesale grain and oilseeds markets on Friday as all members were busy in Juma prayers, merchants release said.
Published 09 Jul, 2011 12:00am
No business on cotton market

No business on cotton market

No business was witnessed on the cotton market on Friday as vehicles were off the roads following Muttahida Qaumi Movement (MQM) announcement of one-day mourning against the latest surge in violence in the country's financial and commercial hub. The Kara
Published 09 Jul, 2011 12:00am
US corn futures rise on Chinese imports

US corn futures rise on Chinese imports

US corn futures rose for a second straight session on Friday as purchases by China buoyed the market, but gains were capped by caution ahead of closely watched US employment data. A string of sales to China has helped corn recover ground after a sell-off
Published 09 Jul, 2011 12:00am
Indonesia to import 180,000 Australian cattle

Indonesia to import 180,000 Australian cattle

Indonesia will import 180,000 live cattle from Australia for the third quarter, marking the restart of imports after a ban on the A$320 million trade was lifted this week, chief economics minister Hatta Rajasa said on Friday. Australia's government remove
Published 09 Jul, 2011 12:00am
China's top grains trader says USDA corn data 'an insult'

China's top grains trader says USDA corn data 'an insult'

China's state-run food trader has criticised sharp fluctuations in US government corn crop forecasts, calling the data "an insult" and saying that the changes make it difficult to hedge risks. US corn futures tumbled almost 10 percent in one day last week
Published 09 Jul, 2011 12:00am
Indonesia's cocoa output may fall to 420,000 tonnes

Indonesia's cocoa output may fall to 420,000 tonnes

Indonesia, the world's third-largest cocoa producer, may see this year's output fall to its lowest since at least 2004 at 420,000 tonnes due to erratic weather and a fungal disease, the Indonesian Cocoa Association (Askindo) said on Monday. Concerns about
Published 09 Jul, 2011 12:00am
Malaysia cocoa grinding seen around 300,000 tonnes

Malaysia cocoa grinding seen around 300,000 tonnes

Cocoa grindings in Malaysia, currently Asia's largest grinder, are expected to be unchanged at around 300,000 tonnes in 2011, the director-general of the Malaysian Cocoa Board, Azhar Ismail, said on Thursday. "It will be unchanged because our capacity rem
Published 09 Jul, 2011 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures gained on Thursday for the fourth straight session, following US soyabeans and MATIF rapeseed higher, traders said. Canola lagged gains in other oilseeds as Canadian dollar strengthened. Weather seen as mixed influence, with id
Published 09 Jul, 2011 12:00am
Italy soft wheat output seen down

Italy soft wheat output seen down

Soft wheat output in Italy, a major grain buyer in Europe, is expected to fall 25 percent this year because of a drop in sown areas, according to preliminary data from Italy's statistics agency ISTAT. Soft wheat output is estimated to have fallen to about
Published 09 Jul, 2011 12:00am
Killing two birds with one stone?

Killing two birds with one stone?

Killing of Saleem Shahzad is an unforgivable offence. Those who killed him mercilessly after apparently torturing him, should not get away with it. According to a news item, he left home in Islamabad at around 5 pm to appear in a talk show on a private ch
Published 09 Jul, 2011 12:00am
KARACHI CHRONICLE: Homage hypocrisy

KARACHI CHRONICLE: Homage hypocrisy

Last Saturday, a fund-raising programme titled a "Tribute to Mehdi Hassan" brought together many amateur and professional artistes and music lovers from across the country at the open-air theatre of the Arts Council. The tribute in song was fine but the b
Published 09 Jul, 2011 12:00am
Art Facts: Jamil Naqsh: A retrospective

Art Facts: Jamil Naqsh: A retrospective

Good news for the art lovers who wants to be privileged by viewing some of the finest pieces by master Jamil Naqsh an exhibition entitled 'A Retrospective' at Albemarle Gallery, London is inaugurated at 1st July and will continue till 23rd July, 2011. The
Published 09 Jul, 2011 12:00am
Bumpy and pulpy Leechi fruit

Bumpy and pulpy Leechi fruit

As the summer season comes, the clusters of lychees make their emergence on fruit carts. These days the deluxe fruit is enhancing the beauty of fruit supermarkets with the selling price as high as 200 to 300 RS per kilo. The Strawberry shaped fruit compri
Published 09 Jul, 2011 12:00am
BOOK REVIEWS: Sugar industry in SAARC countries

BOOK REVIEWS: Sugar industry in SAARC countries

First of all the glaring drawback in any serious study, analysis is the absence of the reliable data. It has been acknowledged that the statics available in any field are not reliable be it the production figure and other aspects of marketing, exports and
Published 09 Jul, 2011 12:00am
BRIDGE NOTES: Timing to perfection

BRIDGE NOTES: Timing to perfection

Of all dummy plays, it is said that the no trump contracts are often the more difficult to execute, the simple reason being that in no trump contracts, the defender on the opening lead can beat you to the race in the establishment of a particular suit to
Published 09 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 09 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 09 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 Friday (July 08, 2011).

Published 09 Jul, 2011 12:00am
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