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Archive - 2011-07-13
Gen Petreaus meets Gen Kayani
Top News

Gen Petreaus meets Gen Kayani

RAWALPINDI : General David H. Petreaus, Commander International Security Assistance Force, called on Chief of the Army S
Published 13 Jul, 2011 08:55pm
Sri Lanka hammer Scotland
Cricket

Sri Lanka hammer Scotland

EDINBURGH : World Cup finalists Sri Lanka brought Scotland back down to earth with a crushing 183 run one-day internatio
Published 13 Jul, 2011 05:51pm
Indian PM vows to pursue Mumbai bombers
Top News

Indian PM vows to pursue Mumbai bombers

MUMBAI: Indian Prime Minister Manmohan Singh on Thursday pledged authorities would "relentlessly pursue" those who carri
Published 13 Jul, 2011 04:36pm
US at risk from eurozone meltdown: Fed
Top News

US at risk from eurozone meltdown: Fed

WASHINGTON : A shaky eurozone, with bond market contagion hitting Italy and Spain, poses a risk to the United States,
Published 13 Jul, 2011 02:41pm
Russia consumer prices unchanged
Top News

Russia consumer prices unchanged

MOSCOW : Russia 's consumer prices remained unchanged in the week to July 11 after rising 0.1 percent in the previous p
Published 13 Jul, 2011 11:59am
Indonesia wheat ample
Commodities

Indonesia wheat ample

JAKARTA : Indonesia has ample wheat stocks ahead of the festive season and will only turn to grains from India as a
Published 13 Jul, 2011 11:48am
New Zealand food prices higher in June
Top News

New Zealand food prices higher in June

WELLINGTON : New Zealand food prices rose in June, as higher fruit and vegetable prices offset lower meat prices, acco
Published 13 Jul, 2011 06:24am
British PM backs move against Murdoch
Top News

British PM backs move against Murdoch

LONDON : British Prime Minister David Cameron backed an opposition motion Wednesday urging Rupert Murdoch to drop his bi
Published 13 Jul, 2011 05:50am
Auto industry slow but sure
BR Research

Auto industry slow but sure

To steer the industry away from unforeseen barriers and hurdles, the local auto industry hit brakes a number of times during the last fiscal
Published 13 Jul, 2011 12:00am
Of gas outage and outrage
BR Research

Of gas outage and outrage

Islamabad may soon be witnessing another round of sit-ins and protests, which could also spread all over the country. The sit-ins are not go
Published 13 Jul, 2011 12:00am
Tokyo rubber falls; Shanghai up

Tokyo rubber falls; Shanghai up

Tokyo rubber futures fell to a one-week low on Tuesday, tracking falls in oil prices, with concern about the euro debt crisis adding to the downward pressure on prices, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for Decemb
Published 13 Jul, 2011 12:00am
US crude, Brent up

US crude, Brent up

Oil rose on Tuesday, shaking off two days of losses to turn positive on a weaker dollar and supportive technicals. Trading was volatile and US crude futures posted stronger gains than Brent, narrowing the spread between the contracts to below $21 a barrel
Published 13 Jul, 2011 12:00am
Copper moves higher

Copper moves higher

Copper turned positive on Tuesday as the dollar pared gains after US data showed the country's trade gap widened sharply in May, reflecting high imports and signalling resurgent demand. "I think that's what it's down to," Nicholas Riley, Marex Financial's
Published 13 Jul, 2011 12:00am
Shanghai copper falls

Shanghai copper falls

The most-active September copper contract on the Shanghai Futures Exchange fell 0.5 percent to close at 71,130 yuan per tonne on Tuesday. "Worries over the euro debt crisis are mainly causing the bearish tone in LME copper today and are boosting the dolla
Published 13 Jul, 2011 12:00am
US copper lower

US copper lower

Copper ended lower for a second straight session on Monday as European debt contagion fears and rising Chinese inflation gripped the market and helped withdraw some support from a recent spate of supply disruptions. In New York, the benchmark September CO
Published 13 Jul, 2011 12:00am
New York cotton stays at nine-month low

New York cotton stays at nine-month low

Cotton futures closed on Tuesday at a new nine-month low for a second day running due to investor sales, and weak demand coupled with jitters over the eurozone crisis could hit values further, brokers said. The key December futures on ICE Futures US fell
Published 13 Jul, 2011 12:00am
North Koreans win rare inheritance case

North Koreans win rare inheritance case

In the first ruling of its kind, a Seoul court decided Tuesday that four North Koreans and their five half-brothers and sisters in South Korea should share the assets left by their late father. The North Koreans had filed a suit against their South Korean
Published 13 Jul, 2011 12:00am
CIA using secret Somalia facility, prison

CIA using secret Somalia facility, prison

The US Central Intelligence Agency is using a secret facility in Somalia for counterterrorism purposes as well as a secret prison in the Somali capital, the magazine The Nation reported Tuesday. The report said the CIA has "a sprawling walled compound" on
Published 13 Jul, 2011 12:00am
US girls sweep Google kids science fair

US girls sweep Google kids science fair

Three US girls won the top prizes in a global science fair launched by Google for their projects on ovarian cancer, grilled chicken and indoor air quality, the Internet giant announced Tuesday. The grand prize winner was Shree Bose, who entered in the 17-
Published 13 Jul, 2011 12:00am
British government moves against Murdoch

British government moves against Murdoch

Rupert Murdoch faced an onslaught from British lawmakers Tuesday as the government backed calls for him to drop his bid for pay TV giant BSkyB and a committee summoned him to answer questions on phone hacking. Former prime minister Gordon Brown also piled
Published 13 Jul, 2011 12:00am
Iran doesn't claim to have spotless HR record

Iran doesn't claim to have spotless HR record

Iran does not claim to have a spotless human rights record, Foreign Minister Ali Akbar Salehi said on Tuesday after criticism from his Austrian counterpart. Michael Spindelegger said he had called on Iran to release two women's rights activists and had as
Published 13 Jul, 2011 12:00am
Japan quake makes 2011 costliest year

Japan quake makes 2011 costliest year

Japan's earthquake in March is set to make 2011 the costliest year to date for natural disasters, reinsurer Munich Re said on Tuesday, although the number of deaths globally is relatively low so far. Total global losses from natural disasters for the firs
Published 13 Jul, 2011 12:00am
China warehouse fire kills 12

China warehouse fire kills 12

A fierce blaze ripped through a warehouse in central China on Tuesday killing 12 people - including three children - who were trapped inside, state media and the local fire brigade said.
Published 13 Jul, 2011 12:00am
UN adopts resolution against recruiting child soldiers

UN adopts resolution against recruiting child soldiers

The UN Security Council unanimously adopted on Tuesday a resolution against recruitment of child soldiers, pressing nations to halt the abuse of children including rape and attacks on schools. The signatories "call upon member states concerned to take dec
Published 13 Jul, 2011 12:00am
Libya political solution taking shape: France

Libya political solution taking shape: France

Emissaries from Libya's Muammar Qadhafi have been in contact with Nato members to say he is ready to leave power, France's government said on Tuesday, the latest sign of a possible negotiated end to the crisis. "A political solution is more than ever indi
Published 13 Jul, 2011 12:00am
UNSC condemns embassy attacks in Syria

UNSC condemns embassy attacks in Syria

The UN Security Council on Tuesday condemned "in the strongest terms" attacks by demonstrators on the US and French embassies in Damascus. Both Washington and Paris sharply denounced Syrian President Bashar al-Assad, who has been trying for four months to
Published 13 Jul, 2011 12:00am
Indian Prime Minister criticised over cautious cabinet reshuffle

Indian Prime Minister criticised over cautious cabinet reshuffle

Indian Prime Minister Manmohan Singh came under renewed fire after he failed Tuesday to make sweeping changes to his cabinet in a reshuffle that the opposition branded an "aimless rotation". Halfway through its second term, the administration led by Singh
Published 13 Jul, 2011 12:00am
China advancing military capability at sea, in skies

China advancing military capability at sea, in skies

China could begin testing its first aircraft carrier within weeks and is developing more advanced satellites, reports said on Tuesday, adding to concerns about its expanding military clout amid disputes over the resource-rich South China Sea.
Published 13 Jul, 2011 12:00am
Egypt's former Prime Minister, ministers convicted in graft case

Egypt's former Prime Minister, ministers convicted in graft case

An Egyptian court sentenced former Prime Minister Ahmed Nazif to a one-year suspended jail term and two other ministers from Hosni Mubarak's cabinet were sentenced to prison for graft, judicial sources said on Tuesday. This is the first conviction to resu
Published 13 Jul, 2011 12:00am
Assailants blow up Egypt gas pipeline station

Assailants blow up Egypt gas pipeline station

Saboteurs blew up an Egyptian pipeline distribution station in northern Sinai on Tuesday that supplies natural gas to Israel, the official MENA news agency said. It was the fourth attack on facilities supplying Egyptian gas to Israel this year. MENA quote
Published 13 Jul, 2011 12:00am
India slammed for playing it safe

India slammed for playing it safe

Indian media on Tuesday lashed out at skipper Mahendra Singh Dhoni for not going for the kill in the third and final Test against the West Indies, which ended in a tame draw. Chasing 180 for victory, India were 94 for three when they decided to bring the
Published 13 Jul, 2011 12:00am
Swann, Anderson key men: Dravid

Swann, Anderson key men: Dravid

India batting ace Rahul Dravid has highlighted Graeme Swann and James Anderson as England's star bowlers ahead of the teams' much-anticipated Test series starting at Lord's next week. Fast-medium bowler Anderson is now the unchallenged leader of England's
Published 13 Jul, 2011 12:00am
Germany beat Pakistan in World Snooker Cup

Germany beat Pakistan in World Snooker Cup

After an amazing start on Monday shocking top seed Ireland 3-2, Pakistan brought down as beaten by Germany 2-3 on the second day of World Cup Snooker Team Championship in Bangkok (Thailand) Tuesday. Germany which is not considered a strong nation in World
Published 13 Jul, 2011 12:00am
K-League coach caught in match-fixing dragnet

K-League coach caught in match-fixing dragnet

A South Korean coach has been arrested for blackmailing a player over his involvement in the match-fixing scandal that has engulfed the country's professional soccer league, a defence ministry official told Reuters on Tuesday. The head coach of K-League s
Published 13 Jul, 2011 12:00am
Argentina swamp Costa Rica, reach last eight

Argentina swamp Costa Rica, reach last eight

A reborn Argentina swamped Costa Rica 3-0 on Monday to reach the quarter-finals of the Copa America in style courtesy of a brace from Sergio Aguero and another from Angel Di Maria. Aguero, on from the start with Carlos Tevez benched in a revamped forward
Published 13 Jul, 2011 12:00am
Dominguez cleared of second charge in doping probe

Dominguez cleared of second charge in doping probe

World steeplechase champion Marta Dominguez has been provisionally cleared by a judge of administering drugs without a prescription, a Madrid court said on Tuesday. The 35-year-old Dominguez, one of Spain's best-known athletes who was a vice president of
Published 13 Jul, 2011 12:00am
Turkey match-fix probe turns on Besiktas

Turkey match-fix probe turns on Besiktas

The Turkish football match-fixing probe on Tuesday widened to league giants Besiktas, with the arrest of two club officials, Anatolia news agency reported. Besiktas vice-president Serdar Adali and technical director Tayfur Havutcu were summoned to appear
Published 13 Jul, 2011 12:00am
Greipel outsprints Cav as Voeckler keeps yellow

Greipel outsprints Cav as Voeckler keeps yellow

Germany's Andre Greipel outsprinted British rival Mark Cavendish to claim his maiden Tour de France victory in the 158km 10th stage between Aurillac and Carmaux on Tuesday. Frenchman Thomas Voeckler of the Europcar team retained the race leader's yellow j
Published 13 Jul, 2011 12:00am
Euribor futures rally

Euribor futures rally

Markets cut expectations that the European Central Bank would raise interest rates again this year as the eurozone debt crisis spread to Italy, the region's third largest economy. Pricing of the overnight rate curve - used as a proxy for central bank rate
Published 13 Jul, 2011 12:00am
Won and ringgit slump

Won and ringgit slump

The Korean won and the Malaysian ringgit recorded their biggest daily loss in seven weeks as deepening concerns that the eurozone crisis is spreading prompted hedge funds and interbank traders to unwind their holdings of emerging Asian currencies. "Risk i
Published 13 Jul, 2011 12:00am
Indian rupee weakens

Indian rupee weakens

The Indian rupee ended weak on Tuesday after falling to its lowest level in more than a week, weighed down by a weakening euro, negative local shares and oil importers' dollar demand. The partially convertible rupee ended at 44.7050/7150 per dollar after
Published 13 Jul, 2011 12:00am
Australian and New Zealand dollars skid

Australian and New Zealand dollars skid

The Australian and New Zealand dollars skidded to two-week lows versus the yen and the greenback on Tuesday as a marked escalation in eurozone debt concerns prompted investors to cut back on risk trades. Aussie dollar shed more than half a cent to a low o
Published 13 Jul, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 74.47/74.49 (previous 74.45/74.47). Call Money Rates: 10.00-12.00 percent (previous 9.00-12.00 percent).
Published 13 Jul, 2011 12:00am
Euro plunges broadly

Euro plunges broadly

The euro plunged broadly on Monday and could continue to falter as fears mounted that Europe's debt crisis may spread to Italy, the eurozone's third largest economy. European Union finance officials struggled to find ways to resolve Greece's debt crisis,
Published 13 Jul, 2011 12:00am
Early trade in New York: contagion fears rattle euro

Early trade in New York: contagion fears rattle euro

The euro hit a four-month low against the dollar and another record low against the Swiss franc on Tuesday on fears eurozone leaders were failing to prevent a debt crisis from spreading. Borrowing costs for Italy and Spain soared to 14-year highs as euroz
Published 13 Jul, 2011 12:00am
Euro slides to record low

Euro slides to record low

The euro fell to a record low against the Swiss franc on Tuesday as eurozone government bond yields jumped on deepening concerns that the region's debt crisis would spread, prompting investors to dump the single currency for safer ones. The euro plunged 1
Published 13 Jul, 2011 12:00am
Euro tumbles in Asian trade

Euro tumbles in Asian trade

The euro was beaten down further in Asia on Tuesday, plunging to a record low versus the Swiss franc and sinking to a four-month trough against the dollar on growing concerns that the eurozone's sovereign debt crisis was spreading. The single currency fel
Published 13 Jul, 2011 12:00am
Sterling claws back

Sterling claws back

Sterling clambered back from a 5-month low versus the dollar in volatile trade on Tuesday but analysts said the outlook for the pound was weak after UK inflation unexpectedly eased, denting slim rate hike chances. The pound also faces pressure from concer
Published 13 Jul, 2011 12:00am
Yuan at two-week low

Yuan at two-week low

The yuan ended down at a two-week low versus the dollar on Tuesday after the People's Bank of China set a weaker mid-point in the wake of a jump in the US dollar index in global markets. But the 39-pip fall in the PBOC's mid-point, or the level from which
Published 13 Jul, 2011 12:00am
FTSE extends losses

FTSE extends losses

Financials and commodity stocks led a sharp fall on Britain's FTSE 100 on Tuesday as nervous investors extended a recent sell-off on heightened worries that Europe's debt problems would spread beyond Greece, Portugal and Ireland. Euro zone finance ministe
Published 13 Jul, 2011 12:00am
Middle East markets: Egyptian shares slump

Middle East markets: Egyptian shares slump

Egyptian shares slumped to a two-month low on Tuesday, declining for a second day on concerns anti-government protests would escalate, while fears of a wider eurozone debt crisis weighed on Gulf markets. More than 1,000 Egyptians extended a protest in cen
Published 13 Jul, 2011 12:00am
Hong Kong stocks post biggest fall in 14 months

Hong Kong stocks post biggest fall in 14 months

Hong Kong shares posted their biggest daily fall in 14 months on Tuesday and may extend losses with a worsening eurozone debt crisis and a Moody's report reigniting fears over corporate governance in Chinese companies. Questions about China Inc following
Published 13 Jul, 2011 12:00am
European stocks hit four-month low

European stocks hit four-month low

European stocks ended lower on Tuesday, dropping for the third straight session and hitting a four-month low as the lack of political consensus to tackle the region's debt crisis kept investors on edge.
Published 13 Jul, 2011 12:00am
Indian shares remain down

Indian shares remain down

Indian shares dropped for the third straight session and closed 1.65 percent lower on Tuesday, taking their cues from Asian and European markets that fell on fears over a deepening eurozone debt crisis. The 30-share BSE index ended 309.77 points lower at
Published 13 Jul, 2011 12:00am
US stocks suffer worst day in a month

US stocks suffer worst day in a month

US stocks suffered their worst day in nearly a month on Monday as concern about the stalemate in US budget talks and growing debt problems in the eurozone prompted investors to hedge against further losses. The S&P 500 dropped nearly 2 percent on concerns
Published 13 Jul, 2011 12:00am
Tuesday's afternoon trade: market flat in choppy trade

Tuesday's afternoon trade: market flat in choppy trade

US stocks were little changed in choppy trade on Tuesday as uncertainty surrounding the eurozone debt crisis kept investors away from beaten-down shares after days of selling. Banks and energy stocks helped offset early losses, holding the major indexes n
Published 13 Jul, 2011 12:00am
Nikkei falls below 10,000

Nikkei falls below 10,000

The Nikkei average lost 1.4 percent on Tuesday in its biggest fall in a month, slipping below support at 10,000 as financial stocks tumbled on concern that the eurozone's debt woes may spread to Italy and over a stalemate in US budget talks.
Published 13 Jul, 2011 12:00am
Southeast Asian markets stay down

Southeast Asian markets stay down

Southeast Asian stock markets continued to slide on Tuesday as fears that the eurozone debt crisis could spread dampened appetite for global risk assets while lower oil prices prompted selling in resource and commodities shares. Indonesia's main share ind
Published 13 Jul, 2011 12:00am
Treasuries jump

Treasuries jump

US Treasury prices jumped on Monday as fears of Italy buckling under Europe's debt crisis rattled investors and stoked their appetite for bonds, boosting the chances of strong demand at this week's debt auction. The Treasuries market rallied for a second
Published 13 Jul, 2011 12:00am
Treasuries jump

Treasuries jump

US Treasury prices jumped on Monday as fears of Italy buckling under Europe's debt crisis rattled investors and stoked their appetite for bonds, boosting the chances of strong demand at this week's debt auction. The Treasuries market rallied for a second
Published 13 Jul, 2011 12:00am
Seoul shares skid

Seoul shares skid

Seoul shares fell 2.2 percent on Tuesday, the biggest daily fall in more than a month, as foreigners shifted to net selling and key exporters such as Hynix Semiconductor Inc plunged amid deepening concerns of a European debt crisis. The Korea Composite St
Published 13 Jul, 2011 12:00am
US trade gap surges to nearly three-year high

US trade gap surges to nearly three-year high

The US trade gap widened sharply in May to its highest level in nearly three years as surging oil prices helped push imports to a near record and exports fell slightly from April's all-time high. The trade deficit totalled $50.2 billion, the highest since
Published 13 Jul, 2011 12:00am
Geithner confident US debt cap will be raised

Geithner confident US debt cap will be raised

US Treasury Secretary Timothy Geithner said Wednesday he was confident the US Congress would raise the country's debt limit and avert a potentially catastrophic default. But he also reiterated that there is not much time to overcome political divisions be
Published 13 Jul, 2011 12:00am
Europe, IMF need to act soon to avoid contagion: IIF

Europe, IMF need to act soon to avoid contagion: IIF

Eurozone countries and the IMF need to show they can deliver a rescue plan for Greece, including a debt buy back, in the coming days to avoid financial markets "spinning out of control," a bank lobby group said. The Institute of International Finance (IIF
Published 13 Jul, 2011 12:00am
Dozens arrested over credit card fraud: Europol

Dozens arrested over credit card fraud: Europol

European and US intelligence agencies have cracked an international ring of credit card fraudsters and arrested 61 people, Europol said Tuesday. In a joint operation by Europol, the US secret service and Bulgarian police on July 6, 47 suspects were detain
Published 13 Jul, 2011 12:00am
Luanda world's most expensive city

Luanda world's most expensive city

Angola's capital Luanda retained the unenviable title of the world's most expensive city for expatriates, narrowly edging out Tokyo, according to a survey published Tuesday. At the other end of the scale, the Mercer group's study named the Pakistani port
Published 13 Jul, 2011 12:00am
Moody's 'red flags' 61 Chinese companies

Moody's 'red flags' 61 Chinese companies

A number of Chinese companies listed in Hong Kong plummeted Tuesday after Moody's ratings agency assigned "red flags" to 61 mainland firms with possible governance and accounting risks. Moody's identified companies that have recently received "a great dea
Published 13 Jul, 2011 12:00am
Europe considers Greek default, leaders to meet

Europe considers Greek default, leaders to meet

European Union leaders are poised to hold an emergency summit after finance ministers acknowledged for the first time that some form of Greek default may be needed to cut Athens' debts and stop contagion to Italy and Spain. "There will be an extra summit
Published 13 Jul, 2011 12:00am
Opec sees slower oil demand

Opec sees slower oil demand

World oil demand is likely to grow more slowly in 2012 because of a fragile global economy and deepening decline in consumption in Europe, the Organisation of the Petroleum Exporting Countries said in its first forecast for next year. Oil prices could dra
Published 13 Jul, 2011 12:00am
Bangladesh exports hit record $23 billion

Bangladesh exports hit record $23 billion

Bangladesh said Tuesday its exports leapt 42 percent to a record $23 billion in the financial year to June as garment shipments soared thanks largely to a shift in orders away from China. In June the country shipped merchandise worth $2.39 billion - the a
Published 13 Jul, 2011 12:00am
UK struggles for growth; inflation shows surprise dip

UK struggles for growth; inflation shows surprise dip

British inflation fell unexpectedly in June and the trade gap widened, pointing to more weakness in the economy and providing support to those in the Bank of England who want to keep interest rates at a record low. Since the release of weak industrial out
Published 13 Jul, 2011 12:00am
Banks opt for ECB safety as debt tensions rise

Banks opt for ECB safety as debt tensions rise

Banks turned to the safety of the ECB as eurozone debt tensions intensified on Tuesday, hoarding over 90 billion euros at the central bank and borrowing heavily in its weekly funding handout. Banks took 154 billion euros ($219 billion) in the ECB's weekly
Published 13 Jul, 2011 12:00am
China's bank lending quickens

China's bank lending quickens

China's bank lending and money growth expanded faster than expected in June as loan demand remained buoyant, adding to the case for further monetary policy tightening. Coming days after news that China's inflation hit a three-year peak in June, Tuesday's
Published 13 Jul, 2011 12:00am
BoJ holds fire, more optimistic on economy

BoJ holds fire, more optimistic on economy

The Bank of Japan kept monetary policy on hold and gave a brighter assessment of the economy on Tuesday, encouraged by a rebound in factory output and increasing signs that the recovery from the devastating March earthquake is broadening. But it warned of
Published 13 Jul, 2011 12:00am
Petition against generators, telecom towers filed in Supreme Court

Petition against generators, telecom towers filed in Supreme Court

A constitutional petition was filed on Tuesday in the Supreme Court (SC), seeking action against installation of generators and telecom towers in residential as well as commercial areas of Capital Development Authority (CDA). The petition was filed throug
Published 13 Jul, 2011 12:00am
MAP's new executive director

MAP's new executive director

The Executive Committee of the Management Association of Pakistan (MAP) has announced the appointment of Salah Uddin as MAP's new Executive Director. Salah Uddin is a post-graduate in Economics from the Punjab University and a former Gordonian. He brings
Published 13 Jul, 2011 12:00am
Thousands irked by DGIP database collapse

Thousands irked by DGIP database collapse

Directorate General of Immigration and Passports (DGIP) passed the buck for system failure on Pakistan Telecommunication Company Limited (PTCL). The database collapse in DGIP has caused problems for thousands of people throughout the country who visited p
Published 13 Jul, 2011 12:00am
FRA stages demo against freeze on special pay allowance

FRA stages demo against freeze on special pay allowance

Federal Revenue Alliance (FRA), employees union staged a demonstration here on Tuesday against the freezing of the special pay allowance of the employees of the Federal Board of Revenue (FBR). Addressing the tax employees at the Regional Tax Office (RTO)
Published 13 Jul, 2011 12:00am
Strong activity on cotton market

Strong activity on cotton market

Handsome business activity was witnessed on the cotton market on Tuesday as expectations for increased foreign demand and falling rates pushed the buyers back to the market, dealers said. The Karachi Cotton Association (KCA) official spot rate was reduced
Published 13 Jul, 2011 12:00am
Oil cake market rates

Oil cake market rates

The July vaida was higher on the forward cottonseed oilcake market on Tuesday and December vaida was unchanged in process of trading, dealers said. The July contract that had closed at 1427.20 opened with 30 paisa gain at Rs 1427.50. The December vaida wh
Published 13 Jul, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 144,126 tonnes of cargo including 95,879 tonnes of import cargo, 48,247 tonnes of export cargo and 2,564 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 95,879 tonnes compri
Published 13 Jul, 2011 12:00am
Black Sea region rapeseed yields seen down: Oil World

Black Sea region rapeseed yields seen down: Oil World

Rapeseed output in the Black Sea region for 2011/12 is set to fall, putting further pressure on new crop prices, Hamburg-based oilseed analyst Oil World said on Tuesday. Export supplies from the Black Sea region's four major exporters - Ukraine, Romania,
Published 13 Jul, 2011 12:00am
Indonesia may not import white sugar in 2012

Indonesia may not import white sugar in 2012

Indonesia, Southeast Asia's largest sugar consumer, may not import white sugar in 2012, given that its year-end inventory is expected to reach more than 1 million tonnes, above a safe level of 800,000 tonnes, a senior industry official said on Tuesday.
Published 13 Jul, 2011 12:00am
Prices higher as activity improves on grain market

Prices higher as activity improves on grain market

Bullish trend was seen on the wholesale grain market on Tuesday as most of traders came back to their workplaces after three-day as city was disturbed due to law and order situation, dealers said. Commenting on the latest situation in the city, some commo
Published 13 Jul, 2011 12:00am
China's January-May gold output up 3.67 percent

China's January-May gold output up 3.67 percent

China's gold output in the first five months of 2011 totalled 132.02 tonnes, up 3.67 percent from a year earlier, the Ministry of Industry and Information Technology (MIIT) said on its website on Tuesday. Output for the month of May reached 28.791 tonnes,
Published 13 Jul, 2011 12:00am
Weather satisfactory for Russian crop

Weather satisfactory for Russian crop

Weather conditions in most of European Russia will be satisfactory for grain harvesting, and average for crop development in its Asian part until July 20, weather forecasting service Rosgidromet said on Tuesday. However, in the North Caucasus Federal Dist
Published 13 Jul, 2011 12:00am
New York cotton

New York cotton

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

Published 13 Jul, 2011 12:00am
New York cotton

New York cotton

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

Published 13 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 13 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 13 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 Tuesday (July 12, 2011).

Published 13 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 Tuesday (July 12, 2011).

Published 13 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 Tuesday (July 12, 2011).

Published 13 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 Tuesday (July 12, 2011).

Published 13 Jul, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (July 12, 2011).
Published 13 Jul, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (July 12, 2011).

Published 13 Jul, 2011 12:00am
Altaf accuses government of conspiring against Army, ISI

Altaf accuses government of conspiring against Army, ISI

Muttahida Qaumi Movement (MQM) chief Altaf Hussain on Tuesday accused the government of conspiring against armed forces, ISI and other institutions responsible for national security in collaboration with the United States, according to Aaj News.
Published 13 Jul, 2011 12:00am
Altaf accuses government of conspiring against Army, ISI

Altaf accuses government of conspiring against Army, ISI

Muttahida Qaumi Movement (MQM) chief Altaf Hussain on Tuesday accused the government of conspiring against armed forces, ISI and other institutions responsible for national security in collaboration with the United States, according to Aaj News.
Published 13 Jul, 2011 12:00am
Karzai's brother assassinated

Karzai's brother assassinated

The younger half-brother of Afghan President Hamid Karzai, one of the most powerful and controversial men in southern Afghanistan, was shot dead at his home on Tuesday by a senior and highly trusted bodyguard, officials said. Ahmad Wali Karzai's assassina
Published 13 Jul, 2011 12:00am
Karzai's brother assassinated

Karzai's brother assassinated

The younger half-brother of Afghan President Hamid Karzai, one of the most powerful and controversial men in southern Afghanistan, was shot dead at his home on Tuesday by a senior and highly trusted bodyguard, officials said. Ahmad Wali Karzai's assassina
Published 13 Jul, 2011 12:00am
Tax-to-GDP ratios in Asia: Pakistan needs to increase taxes

Tax-to-GDP ratios in Asia: Pakistan needs to increase taxes

Asian countries need to increase taxes and improve their collection systems if they want to raise enough funds for much-needed social welfare programmes, an ADB study released Tuesday said. The Manila-based Asian Development Bank report said the "tax burd
Published 13 Jul, 2011 12:00am
Tax-to-GDP ratios in Asia: Pakistan needs to increase taxes

Tax-to-GDP ratios in Asia: Pakistan needs to increase taxes

Asian countries need to increase taxes and improve their collection systems if they want to raise enough funds for much-needed social welfare programmes, an ADB study released Tuesday said. The Manila-based Asian Development Bank report said the "tax burd
Published 13 Jul, 2011 12:00am
Tax-to-GDP ratios in Asia: Pakistan needs to increase taxes

Tax-to-GDP ratios in Asia: Pakistan needs to increase taxes

Asian countries need to increase taxes and improve their collection systems if they want to raise enough funds for much-needed social welfare programmes, an ADB study released Tuesday said. The Manila-based Asian Development Bank report said the "tax burd
Published 13 Jul, 2011 12:00am
Liepach assumes charge as ADB country director

Liepach assumes charge as ADB country director

Dr Werner Liepach has assumed the office of the Country Director at the Asian Development Bank's Pakistan Resident Mission here on Tuesday. Prior to taking up the new assignment, he was working as Deputy Director General of the Central West Asia Regional
Published 13 Jul, 2011 12:00am
Liepach assumes charge as ADB country director

Liepach assumes charge as ADB country director

Dr Werner Liepach has assumed the office of the Country Director at the Asian Development Bank's Pakistan Resident Mission here on Tuesday. Prior to taking up the new assignment, he was working as Deputy Director General of the Central West Asia Regional
Published 13 Jul, 2011 12:00am
Liepach assumes charge as ADB country director

Liepach assumes charge as ADB country director

Dr Werner Liepach has assumed the office of the Country Director at the Asian Development Bank''s Pakistan Resident Mission here on Tuesday. Prior to taking up the new assignment, he was working as Deputy Director General of the Central West Asia Regional
Published 13 Jul, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (July 12, 2011).

Published 13 Jul, 2011 12:00am
Agreement reached on seven percent CNG price hike

Agreement reached on seven percent CNG price hike

The government and the All Pakistan CNG Association (APCNGA) have agreed to increase CNG prices by 7 percent in a bid to reduce price differential between CNG and petrol. This was decided in a meeting held here on Thursday with Dr Asim Hussain Federal Min
Published 13 Jul, 2011 12:00am
Agreement reached on seven percent CNG price hike

Agreement reached on seven percent CNG price hike

The government and the All Pakistan CNG Association (APCNGA) have agreed to increase CNG prices by 7 percent in a bid to reduce price differential between CNG and petrol. This was decided in a meeting held here on Thursday with Dr Asim Hussain Federal Min
Published 13 Jul, 2011 12:00am
Agreement reached on seven percent CNG price hike

Agreement reached on seven percent CNG price hike

The government and the All Pakistan CNG Association (APCNGA) have agreed to increase CNG prices by 7 percent in a bid to reduce price differential between CNG and petrol. This was decided in a meeting held here on Thursday with Dr Asim Hussain Federal Min
Published 13 Jul, 2011 12:00am
Ogra raises price of LPG by Rs 18 per kg

Ogra raises price of LPG by Rs 18 per kg

The Oil and Gas Regulatory Authority (Ogra) on Thursday increased the price of Liquefied Petroleum Gas (LPG) by Rs 18 per kg. According to a notification issued by the authority the increase in LPG price would be applicable to imported LPG gas, while in J
Published 13 Jul, 2011 12:00am
Ogra raises price of LPG by Rs 18 per kg

Ogra raises price of LPG by Rs 18 per kg

The Oil and Gas Regulatory Authority (Ogra) on Thursday increased the price of Liquefied Petroleum Gas (LPG) by Rs 18 per kg. According to a notification issued by the authority the increase in LPG price would be applicable to imported LPG gas, while in J
Published 13 Jul, 2011 12:00am
Ogra raises price of LPG by Rs 18 per kg

Ogra raises price of LPG by Rs 18 per kg

The Oil and Gas Regulatory Authority (Ogra) on Thursday increased the price of Liquefied Petroleum Gas (LPG) by Rs 18 per kg. According to a notification issued by the authority the increase in LPG price would be applicable to imported LPG gas, while in J
Published 13 Jul, 2011 12:00am
FBR powers to get information from banks questioned

FBR powers to get information from banks questioned

Some lawyers have raised a legal issue whether the Federal Board of Revenue (FBR) is empowered to obtain information from banks under section 176 of the Income Tax Ordinance 2001. A tax expert told Business Recorder here on Tuesday that a bank has
Published 13 Jul, 2011 12:00am
FBR powers to get information from banks questioned

FBR powers to get information from banks questioned

Some lawyers have raised a legal issue whether the Federal Board of Revenue (FBR) is empowered to obtain information from banks under section 176 of the Income Tax Ordinance 2001. A tax expert told Business Recorder here on Tuesday that a bank has
Published 13 Jul, 2011 12:00am
FBR powers to get information from banks questioned

FBR powers to get information from banks questioned

Some lawyers have raised a legal issue whether the Federal Board of Revenue (FBR) is empowered to obtain information from banks under section 176 of the Income Tax Ordinance 2001. A tax expert told Business Recorder here on Tuesday that a bank has
Published 13 Jul, 2011 12:00am
APTTA extension to ECO states proposed

APTTA extension to ECO states proposed

Pakistan has proposed extension of Afghanistan Pakistan Transit Trade Agreement (APTTA) to all member countries of Economic Co-operation Organisation (ECO), official sources told Business Recorder. ECO is an organisation of 10 Muslim countries incl
Published 13 Jul, 2011 12:00am
APTTA extension to ECO states proposed

APTTA extension to ECO states proposed

Pakistan has proposed extension of Afghanistan Pakistan Transit Trade Agreement (APTTA) to all member countries of Economic Co-operation Organisation (ECO), official sources told Business Recorder. ECO is an organisation of 10 Muslim countries incl
Published 13 Jul, 2011 12:00am
APTTA extension to ECO states proposed

APTTA extension to ECO states proposed

Pakistan has proposed extension of Afghanistan Pakistan Transit Trade Agreement (APTTA) to all member countries of Economic Co-operation Organisation (ECO), official sources told Business Recorder. ECO is an organisation of 10 Muslim countries incl
Published 13 Jul, 2011 12:00am
Audit Report 2010-11: Rs 326.32 million embezzlement detected in USC

Audit Report 2010-11: Rs 326.32 million embezzlement detected in USC

The Auditor General of Pakistan (AGP) has detected embezzlement and theft of Rs 326.32 million in Utility Stores Corporation (USC) of Pakistan (Pvt) Limited. According to the Audit Report 2010-11, the national kitty faced loss of Rs 39.703 million due to
Published 13 Jul, 2011 12:00am
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