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Archive - 2011-07-17
Romania Petrom share offer
Financial

Romania Petrom share offer

BUCHAREST: The sale of a stake in Romania's top oil and gas group Petrom has attracted strong interest, Angelo Morganti,
Published 17 Jul, 2011 02:28pm
Romania Petrom share offer
Financial

Romania Petrom share offer

BUCHAREST : The sale of a stake in Romania 's top oil and gas group Petrom has attracted strong interest, Angelo Morgan
Published 17 Jul, 2011 01:33pm
Niger fears takeover in Libya
Africa

Niger fears takeover in Libya

NIAMEY : Niger fears that Islamic militants could seize power in Libya as a result of the civil war in its northern
Published 17 Jul, 2011 01:22pm
Energy import bill seen hitting $45 billion mark in 2020

Energy import bill seen hitting $45 billion mark in 2020

Already facing one of the worst economic periods of its history, Pakistan won''t be able to sustain energy import bill that is being projected to increase to $ 45 billion in the year 2020 and $ 60 billion in 2025. Well-placed sources told Business Reco
Published 17 Jul, 2011 12:00am
Murdoch apology in papers as Cameron defends links

Murdoch apology in papers as Cameron defends links

Rupert Murdoch published apologies in British newspapers Saturday for the phone hacking scandal as the British government played down new revelations about its ties to his embattled empire. The show of contrition came after a day of bloodletting when Murd
Published 17 Jul, 2011 12:00am
Murdoch apology in papers as Cameron defends links

Murdoch apology in papers as Cameron defends links

Rupert Murdoch published apologies in British newspapers Saturday for the phone hacking scandal as the British government played down new revelations about its ties to his embattled empire. The show of contrition came after a day of bloodletting when Murd
Published 17 Jul, 2011 12:00am
Four prisoners injured in clash with police

Four prisoners injured in clash with police

Four prisoners were injured in police shelling when a clash erupted between the prisoners and Administration of Central Jail Larkana over the shifting of the prisoners to other jail of Sindh. Score of prisoners broke the internal front gate and several of
Published 17 Jul, 2011 12:00am
Wassan calls on Ghafoor

Wassan calls on Ghafoor

Sindh Home Minister, Manzoor Wassan Saturday visited prominent veteran political leaders of Jamaat-i-Islami (JI), Professor Abdul Ghafoor and enquired about his health. The two leaders discussed current political scenario of the country. They urged all co
Published 17 Jul, 2011 12:00am
Professor Manzoor appointed UVAS professor emeritus

Professor Manzoor appointed UVAS professor emeritus

The syndicate of University of Veterinary and Animal Sciences (UVAS) has appointed former Vice Chancellor, Professor Dr Manzoor Ahmad to the status of professor emeritus. Dr Manzoor Ahmad performed his academic and research duties for more than last five
Published 17 Jul, 2011 12:00am
'Comprehensive plan for creation of healthy society evolved'

'Comprehensive plan for creation of healthy society evolved'

Punjab Chief Minister Muhammad Shahbaz Sharif has said that promotion of healthy activities for the creation of healthy society is of great importance and Punjab government has evolved a comprehensive strategy for this purpose. He said that the work on th
Published 17 Jul, 2011 12:00am
Tourism sector: frequent changes at top affect development

Tourism sector: frequent changes at top affect development

The new Sindh Tourism Minister, Mohammad Ali Malkani, an MPA of Pakistan Muslim League-Q, is the fifth minister of the PPP-led provincial government during its about three and half years. The frequent change of minister has affected the promotion and deve
Published 17 Jul, 2011 12:00am
PTI slams fresh understanding between US, Pakistan

PTI slams fresh understanding between US, Pakistan

Pakistan has again bowed before America by accepting most of its demands, which is infringement of country's sovereignty. Pakistan Tehrik-e-Insaf (PTI) Punjab President Ahsan Rashid, Information Secretary Dr Shahid Siddique Khan and Vice Provincial Presid
Published 17 Jul, 2011 12:00am
'Government striving to develop Fata'

'Government striving to develop Fata'

Khyber Pakhtunkhwa Governor Barrister Masood Kausar has said that the government was making efforts to develop FATA and ensure wellbeing of its people through consensus-based process including legal reforms. Talking to journalists on the occasion of oath
Published 17 Jul, 2011 12:00am
PML-N criticised for flouting law

PML-N criticised for flouting law

PML-Q has criticised PML-N for flouting the supremacy of law in the backdrop of release of Anjum Aqeel MNA from Rawalpindi by PML-N workers by force. PML-Q Secretary Information, Kamil Ali Agha said Rawalpindi incident has exposed double standards of PML-
Published 17 Jul, 2011 12:00am
'Debt may give youth self-esteem boost'

'Debt may give youth self-esteem boost'

Debt may actually give some young adults a self-esteem boost. Researchers studied 3,079 young American adults and found that among those aged 18 to 27 years, having more credit cards and college loan debt were generally linked with higher levels of self-e
Published 17 Jul, 2011 12:00am
SAU students' delegation calls on UVAS vice chancellor

SAU students' delegation calls on UVAS vice chancellor

A 68-member delegation of students from Sindh Agriculture University (SAU) Tandojam faculty of animal husbandry and veterinary science (AHVS) on Saturday visited University of Veterinary and Animal Sciences (UVAS) and called upon its Vice Chancellor, Prof
Published 17 Jul, 2011 12:00am
Ramazan-ul-Mubarak: KESC urged to set up special water cell

Ramazan-ul-Mubarak: KESC urged to set up special water cell

Managing Director Karachi Water & Sewerage Board, Misbahuddin Farid has warned acute shortage of water in the city during the forthcoming holy month of Ramazan if KESC did not set up special water supply cell for KWSB installations. He was addressing a hu
Published 17 Jul, 2011 12:00am
Fertiliser manufacturers criticised

Fertiliser manufacturers criticised

Chairman Pakistan Cotton Forum (PCF), Seth Muhammad Akbar has strongly criticised fertiliser manufacturers for fleecing cotton farmers on the pretext of gas shortage. The chairman PCF said that the fertiliser manufacturers have increased fertiliser prices
Published 17 Jul, 2011 12:00am
Justice Azmat takes oath as acting CJ LHC

Justice Azmat takes oath as acting CJ LHC

Governor Punjab Sardar Latif Khan Khosa here on Saturday administered oath to senior judge of the Lahore High Court (LHC) Justice Sheikh Azmat Saeed as acting Chief Justice. The acting CJ will perform his duty in the absence of LHC CJ Ijaz Ahmad Chaudhry
Published 17 Jul, 2011 12:00am
Yellow Cab Scheme: application forms available from today

Yellow Cab Scheme: application forms available from today

Member of National Assembly (MNA) Malik Shakeel Awan on Saturday said that the application forms for Yellow Cab Scheme would be available for public from Sunday. Talking to APP, Shakeel Awan said the forms could be downloaded from the web-site of Punjab G
Published 17 Jul, 2011 12:00am
LCCI, DLC Worldwide ink MoU

LCCI, DLC Worldwide ink MoU

The Lahore Chamber of Commerce and Industry (LCCI) and Diverse Learning Concepts (DLC) Worldwide on Saturday inked a memorandum of understanding (MoU) to provide the country with leading edge human resource.
Published 17 Jul, 2011 12:00am
'Poverty, unrest affect minorities in Pakistan'

'Poverty, unrest affect minorities in Pakistan'

Advisor to Prime Minster, Dr Paul Bhatti has said minorities in Pakistan have suffered following unrest, terrorism and poverty in the country and international community should play its role to support them. Kashmir issue, Afghan war, terrorism, unstable
Published 17 Jul, 2011 12:00am
Altaf Hussain's book 'My Life's Journey' launched

Altaf Hussain's book 'My Life's Journey' launched

Muttahida Qaumi Movement (MQM) has brought revolutionary change in the political culture of Pakistan under the dynamic and charismatic leadership of Altaf Hussain, says Deputy Convenor MQM, Dr Farooq Sattar here on Saturday.
Published 17 Jul, 2011 12:00am
'Huge funds allocated to healthcare'

'Huge funds allocated to healthcare'

Minister for Labour Punjab, Haji Ehsaan-ud-Din Qureshi has said that focus of the government is upon primary and protective healthcare and huge funds are being allocated for provision of state of the art healthcare facilities to the masses of the province
Published 17 Jul, 2011 12:00am
Widespread rains, thunderstorm predicted

Widespread rains, thunderstorm predicted

Fairly widespread thunderstorm/rain with isolated heavy falls is expected over Khyber Pakhtunkhwa, Kashmir and north Punjab. Isolated thundershowers are likely over south Punjab. Friday's trough of strong westerly wave over northern parts of the country p
Published 17 Jul, 2011 12:00am
Ghurki to be given new portfolio: Prime Minister

Ghurki to be given new portfolio: Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Saturday said Federal Minister Samina Khalid Ghurki would be given new portfolio in lieu of her old ministry which has been devolved under the 18th Constitutional Amendment. The prime minister was talking to Feder
Published 17 Jul, 2011 12:00am
'Government has adopted reconciliation policy to strengthen democracy'

'Government has adopted reconciliation policy to strengthen democracy'

Federal Minister for Information Dr Firdous Ashiq Awan has said that PPP-led coalition government has always adopted the policy of reconciliation to strength democracy in the country. The PPP government had never nurtured confrontational policy in the cou
Published 17 Jul, 2011 12:00am
'Steps taken to eradicate adulterated pesticides'

'Steps taken to eradicate adulterated pesticides'

Convenor Pesticide subcommittee, Asif Manzoor Mohal, has directed the officers of the Agriculture Department to play their due role in eradication of fake and substandard agricultural pesticides from their respective districts. He also directed that offic
Published 17 Jul, 2011 12:00am
Nirupama Rao named India's envoy to US

Nirupama Rao named India's envoy to US

Days before India and the United States hold their second strategic dialogue, the Indian government on Saturday formally announced appointment of Foreign Secretary Ms Nirupama Rao as its next ambassador to the United States.
Published 17 Jul, 2011 12:00am
Three bodies found in Quetta

Three bodies found in Quetta

Police on Saturday recovered three bodies on the Brewery road. According to details, police party on a tipoff reached a site and recovered three bodies lying along the road side. Bodies have been evacuated to the morgue of Bolan Medical Complex hospital f
Published 17 Jul, 2011 12:00am
Nawaz formulates disciplinary committee on MNA's issue

Nawaz formulates disciplinary committee on MNA's issue

Pakistan Muslim League Nawaz (PML-N) Chief Mian Nawaz Sharif on Saturday formulated a disciplinary committee under the chairmanship of Raja Zafarul Haq to investigate the issue of party MNA, Anjum Aqeel Khan. According to the secretary of PML-N chief, the
Published 17 Jul, 2011 12:00am
No clemency for lawbreakers, says Malik

No clemency for lawbreakers, says Malik

Federal Minister for Interior, Rehman Malik has said that no clemency would be shown towards any lawbreaker and Police would arrest Anjum Aqeel Khan, PML-N MNA, who was taken away by his supporters from police custody. "Anjum Aqeel will be arrested soon w
Published 17 Jul, 2011 12:00am
Pakistani woman attacked at Niagara Falls

Pakistani woman attacked at Niagara Falls

A Pakistani woman visiting the famous Niagara Falls on the north-western corner of New York State was assaulted in what is seen here as "a troubling symptom" of increased anti-Muslim sentiment across the United States, according to media reports on Saturd
Published 17 Jul, 2011 12:00am
US hails Pakistan's stance on Mumbai attacks

US hails Pakistan's stance on Mumbai attacks

The United States has appreciated Pakistan's stance on serial bombings in the Indian city of Mumbai, where several people lost their lives in the terrorist attack this week. A senior American official, Daniel Benjamin, who is US Co-ordinator for Counterte
Published 17 Jul, 2011 12:00am
Zardari to visit shrine of Imam Raza (RA)

Zardari to visit shrine of Imam Raza (RA)

President Asif Ali Zardari accompanied by his delegation arrived here from Tehran and was received at the airport by Governor Mashed. The President and his delegation which include Interior Minister Rehman Malik, Minister for Petroleum and Natural Resourc
Published 17 Jul, 2011 12:00am
Rangers deployed on provincial government's request

Rangers deployed on provincial government's request

Military officials on Saturday said that a report published in a section of press that Rangers at Katti Pahari in Karachi were deployed after a request was made to Director General of ISI Lieutenant General Shujaa Pasha, was incorrect. They said," deploym
Published 17 Jul, 2011 12:00am
KTBA concerned over ST Act implementation

KTBA concerned over ST Act implementation

Karachi Tax Bar Association (KTBA) has expressed concerns over the implementation of Sindh Sales Tax Act 2011 in haphazard manner. In a statement, issued here on Saturday, KTBA said the same is going to be implemented without proper awareness and educatio
Published 17 Jul, 2011 12:00am
Power shortfall still above 5,000 megawatts mark

Power shortfall still above 5,000 megawatts mark

Power shortfall is yet above 5,000MW with dwindling generation capacities of hydel, thermal and IPPs due to short supply of fuel. Power generation during the last 24 hours stood at 12,809MW against a demand of 17,978MW, putting the system short of 5,169MW
Published 17 Jul, 2011 12:00am
Industrialists concerned over Sindh BoR audit notices

Industrialists concerned over Sindh BoR audit notices

Industrialists have expressed concerns over the issuance of audit and inspection notices to industries by the Board of Revenue (Sindh) under section 73 of the Stamp Act 1899, and demanded their withdrawal. They said that the section 73 of the Stamp Act 18
Published 17 Jul, 2011 12:00am
International Survey: China to replace US as world's dominant power

International Survey: China to replace US as world's dominant power

An international survey forecast that China has or will soon replace the United State as the world's superpower, state media said. In the latest Pew Global Attitudes survey conducted between March 18 and May 15, most of the respondents in 15 out of 22 cou
Published 17 Jul, 2011 12:00am
Qaim inaugurates drive against polio

Qaim inaugurates drive against polio

Sindh Chief Minister Syed Qaim Ali Shah, inaugurated a three-day drive against polio. A simple ceremony to this effect was held at the CM House here on Saturday. The campaign, a part of the national drive against polio, would be conducted from July 18 to
Published 17 Jul, 2011 12:00am
Fishermen demand erection of seawall around islands

Fishermen demand erection of seawall around islands

Fishermen want the ports and shipping ministry to erect a seawall around the tiny islands to protect them from sea storms, besides establishment of model village between the Manora and Baba Islands. "After passing of 18th Constitutional Amendment, the fis
Published 17 Jul, 2011 12:00am
PAC body seeks detailed list of CDA nursery plot allottees

PAC body seeks detailed list of CDA nursery plot allottees

The Special Committee of PAC on Saturday directed the Capital Development Authority (CDA) to submit details of its 22 nursery plot allottees within a fortnight. A meeting of the Committee was held here at CDA headquarters here. Convenor of the Committee,
Published 17 Jul, 2011 12:00am
Kazim Malik appointed DG Human Rights Cell

Kazim Malik appointed DG Human Rights Cell

Lahore High Court Chief Justice, Ijaz Ahmad Chaudhry here Saturday appointed a retired district and sessions judge, Kazim Ali Malik, as Director General Human Rights and Vigilance Cell. The cell monitors and deals with issues of corruption relating to the
Published 17 Jul, 2011 12:00am
Pagara assures full support to government

Pagara assures full support to government

Assuring full support to the government, Chief of PML-F, Pir Pagara said his party will do everything for the betterment of Sindh. He said this while meeting Home Minister Sindh, Manzoor Wassan who had called on him at Kingri House on Saturday. Welcoming
Published 17 Jul, 2011 12:00am
Balochistan government to bring positive education reforms

Balochistan government to bring positive education reforms

Balochistan Minister for Secondary Education, Mir Nasir Khan Jamali has said that government is committed to bring positive reforms in the education sector. Efforts are afoot to evolve long-term strategy to boost education in Balochistan. He made these re
Published 17 Jul, 2011 12:00am
Institute of physical medicine inaugurated

Institute of physical medicine inaugurated

Chief Minister Sindh, Syed Qaim Ali Shah, on Saturday performed the inauguration of the Institute of Physical Medicine and Rehabilitation managed by the Dow University Medical and Health Sciences, Karachi. Speaking on the occasion, he expressed his satisf
Published 17 Jul, 2011 12:00am
US company initiates apprentice programme at PU

US company initiates apprentice programme at PU

A well-known US-based e-lancing company, oDesk (www.odesk.com), has started its apprentice programme at Punjab University College of Information Technology (PUCIT), to equip the online market place with more technical manpower. The programme is directed t
Published 17 Jul, 2011 12:00am
Record remittances

Record remittances

In a year that will be remembered for a number of unfavourable economic trends, home remittances have emerged as a bright spot to ward off pressures on external sector of the economy and protect its solvency. According to the latest data released by the S
Published 17 Jul, 2011 12:00am
Chronic abuse of power goes unchecked

Chronic abuse of power goes unchecked

The recent television footage of Pakistan Muslim League-Nawaz (PML-N) MNA Anjum Aqeel escaping police custody with the help of dozens of his supporters has once again brought forth the haughty mindset of our political representatives, which allows them to
Published 17 Jul, 2011 12:00am
Taxation problems

Taxation problems

The major problems the economy of Pakistan is facing in recent years are macroeconomic imbalances and sluggishness of the economy. The whole burden lies on the shoulders of vulnerable class in the form of high food and non-food prices and low level of inc
Published 17 Jul, 2011 12:00am
Texas cattle ranchers feel burn of record drought

Texas cattle ranchers feel burn of record drought

A record drought is forcing Texas cattle ranchers to send their cows to slaughter because it's too costly to keep buying feed for herds finding little forage in parched pastures. "If I knew it would rain in the next two months, we'd buy hay or feed and ca
Published 17 Jul, 2011 12:00am
German grannies take up new calling as 'Mary Poppins'

German grannies take up new calling as 'Mary Poppins'

In Germany, the idea of a teenager spending a few months abroad looking after someone else's children while she studies or travels has given rise to a new concept - the granny "au pair". Newspapers now explicitly solicit applications from older women rath
Published 17 Jul, 2011 12:00am
PTA endeavours towards protection of consumers' rights

PTA endeavours towards protection of consumers' rights

Pakistan Telecommunication Authority (PTA) is striving hard to facilitate the consumers and its endeavours in this regard are evident to the claim. The PTA by joining hands with telecom operators and other stakeholders in the country continued its efforts
Published 17 Jul, 2011 12:00am
Day and night

Day and night

This letter is important to clarify our way of the timing a "day" and "night" according to Islamic and Christian calendars. Day begins by the sunset time, in our Islamic calendar, on the other hand at midnight (I will call it night), according to Christia
Published 17 Jul, 2011 12:00am
Sale, use of firecracker banned

Sale, use of firecracker banned

Firecrackers sale has been completely prohibited, as City Police fully prepared to take strict action who are involved in manufacturing fireworks or indulging in their sale and purchase with regards to the occasion of Shab-e-Barat. Teams have been formula
Published 17 Jul, 2011 12:00am
Postponed paper to be held today: KU

Postponed paper to be held today: KU

Karachi University's July 14 postponed paper of LL.B. II (Law of Transfer of Property) and MA Regular/Private (Final Year all subjects) will be held on July 17. This was announced by spokesman of the Karachi University on Saturday. The timing and venue of
Published 17 Jul, 2011 12:00am
Khyber Pakhtunkhwa launches loan scheme for artists, artisans

Khyber Pakhtunkhwa launches loan scheme for artists, artisans

Khyber Pakhtunkhwa Minister for Culture and Information, Mian Iftikhar Hussein has said the Khyber Pakhtunkhwa government has launched a loans scheme for the local artists and artisans of the province to promote and preserve their art. In the first phase,
Published 17 Jul, 2011 12:00am
Spying charges: Pashto singer denies allegations

Spying charges: Pashto singer denies allegations

Renowned Pashto singer, Aasma Lata has denied the allegations of spying for Indian Intelligence agency levelled against her by a local newspaper and described them totally baseless. Speaking at a news conference at Peshawar Press Club (PPC), she said that
Published 17 Jul, 2011 12:00am
'Several mega uplift projects initiated in Khyber Pakhtunkhwa'

'Several mega uplift projects initiated in Khyber Pakhtunkhwa'

Federal Minister for Communications, Dr Arbab Alamgir Khan said that government has initiated several mega projects in Khyber Pakhtunkhwa, saying people will see positive results of the initiatives taken by the democratic government of the country.
Published 17 Jul, 2011 12:00am
SU syndicate recommends Rs 2571.883 million budget

SU syndicate recommends Rs 2571.883 million budget

Sindh University Syndicate, in its 180th meeting, has recommended estimated budget of rupees 2571.883 million with a deficit of Rs 374.506 million for the year 2011-12 to the ensuing meeting of varsity senate, here on Saturday. The meeting was presided ov
Published 17 Jul, 2011 12:00am
Polio immunisation campaign commences in Punjab

Polio immunisation campaign commences in Punjab

Eradication of polio is the top priority of PML-N's Social Development Programme for which the government of Punjab, under the guidance of Chief Minister Muhammad Shahbaz Sharif, is striving hard with full commitment. By the grace of Allah Almighty, no po
Published 17 Jul, 2011 12:00am
Nasair's first flight lands at Islamabad

Nasair's first flight lands at Islamabad

The first flight of Nasair, the low-fare airline, based in Saudi Arabia, landed at the Benazir Bhutto International Airport Islamabad here on Saturday. According to an announcement made by the airline here on Saturday, lifting off from Jeddah at 21:00, Na
Published 17 Jul, 2011 12:00am
Low-lying Rawalpindi areas flooded

Low-lying Rawalpindi areas flooded

Heavy rain lashes the twin cities, Rawalpindi and Islamabad and low lying areas were flooded and people began to shift for safer places due to flood in Nullah Leh. New Katrian, Gawalmandi and Javed Colony hit by the flood in Nullah, and water gush into th
Published 17 Jul, 2011 12:00am
272,811 cusecs of water released

272,811 cusecs of water released

The Indus River System Authority (Irsa) on Saturday released 272,811 cusecs water from various rim stations with inflow of 300,825 cusecs. According to the data released by Irsa here, the maximum water level in River Indus at Tarbela was 1441.66 feet, whi
Published 17 Jul, 2011 12:00am
Dr Asim's statement: JJVL takes strong exception

Dr Asim's statement: JJVL takes strong exception

The Jamshoro Joint Venture Limited (JJVL), a private sector LPG producer, has taken strong exception to a recent statement attributed to Dr Asim Hussain, Federal Minister for Petroleum and Natural Resources. "We take strong exception to and reject in its
Published 17 Jul, 2011 12:00am
471 PTV employees to be regularised

471 PTV employees to be regularised

Minister for Information and Broadcasting, Dr Firdous Ashiq Awan on Saturday announced regularisation of 471 contract employees of Pakistan Television Corporation (PTV). She made this announcement during a function, held at PTV Headquarters and attended b
Published 17 Jul, 2011 12:00am
International Sufi conference in October

International Sufi conference in October

First International Sufi Conference will be held in October 2011 under the auspicious of International Sufi Council. Chairman, Pakistan Academy of Letters (PAL) and International Sufi Council Fakhar Zaman said here on Saturday that second and third confer
Published 17 Jul, 2011 12:00am
ICMAP announces Summer (May) 2011 Examination results

ICMAP announces Summer (May) 2011 Examination results

The National Council of Institute of Cost and Management Accountants of Pakistan in its 270th meeting, chaired by Mohammed Hanif Ajari, has announced results of Summer (May) 2011 Examination on Saturday. The positions of Gold Medalists in this Examination
Published 17 Jul, 2011 12:00am
Authorities directed to ensure 100 percent immunity against polio

Authorities directed to ensure 100 percent immunity against polio

Divisional Commissioner Hyderabad, Aftab Ahmed Khatri, while expressing his apprehension over eight polio positive cases in the division, has directed the Deputy Commissioners and health officers concerned to ensure 100 percent coverage in the three-day p
Published 17 Jul, 2011 12:00am
Envoy to Denmark given two-year extension

Envoy to Denmark given two-year extension

Prime Minister Syed Yousuf Raza Gilani on Saturday approved two-year extension in service of Fauzia Abbas, Ambassador to Denmark on humanitarian grounds after the death of her husband. Former Ambassador Shahbaz, the husband of Fauzia Abbas died of cancer
Published 17 Jul, 2011 12:00am
Gold hits fresh record as eurozone debt crisis deepens

Gold hits fresh record as eurozone debt crisis deepens

Gold was the stand-out performer on commodity markets this week, striking a record high close to $1,595 as investors sought its traditional safety amid an escalating eurozone debt crisis. Fears of a debt default in Greece and perhaps other struggling euro
Published 17 Jul, 2011 12:00am
US gold matches record winning run

US gold matches record winning run

Gold eked out a tenth straight gain on Friday, matching a record winning streak set four decades ago, as some began to seek a hedge against the growing threat of a catastrophic US government default. A rally that ignited two weeks ago when eurozone debt f
Published 17 Jul, 2011 12:00am
Corn posts big weekly gain

Corn posts big weekly gain

Corn futures rose on Friday, extending gains in a weather-fuelled rally that drove the market to a more than 4 percent weekly rise. Hot temperatures are beginning to blanket the US Corn Belt just as the corn crop enters its crucial pollination phase. Chic
Published 17 Jul, 2011 12:00am
India, China set for cotton wars on stubborn yields

India, China set for cotton wars on stubborn yields

India, the world's second biggest exporter of cotton, could turn into an importer within three or four years as production peaks out because of falling yields, forcing the country's textile mills to compete for supplies with top importer China.
Published 17 Jul, 2011 12:00am
Copper posts third straight weekly gain

Copper posts third straight weekly gain

Copper ended up for its third straight week on Friday, showing a further resilience to bend amid macro-economic concerns and a still-uncertain Asian demand outlook. Copper's positive tone continued to decouple from the broader base complex as prices maint
Published 17 Jul, 2011 12:00am
Laos hastens arabica coffee planting

Laos hastens arabica coffee planting

Laos has been growing high quality arabica coffee at a fast pace as it strives to make up for the declining production of robusta due to poor planting, said an executive from a major Vietnam coffee company. Laos has produced around 30,000 tonnes of coffee
Published 17 Jul, 2011 12:00am
China's autumn grain harvest to be 'satisfactory'

China's autumn grain harvest to be 'satisfactory'

China is expecting a "satisfactory" harvest of autumn grains provided there are no major natural disasters, an official with the country's economic planning agency said, according to state media reports on Saturday. Analysts and grain traders are watching
Published 17 Jul, 2011 12:00am
Dwindling global rice surplus prompts price surge fears

Dwindling global rice surplus prompts price surge fears

A significant rice surplus is forecast to shrink by the end of the decade if more farmland in top exporting nations is put to industrial use and weather conditions worsen, keeping prices high as a growing world population boosts demand.
Published 17 Jul, 2011 12:00am
Two-thirds of Obama campaign cash from small donors

Two-thirds of Obama campaign cash from small donors

Nearly two-thirds of the $86 million raised by President Barack Obama for his re-election effort in recent months came from small donations of under $200 or less, according to filings released on Friday.
Published 17 Jul, 2011 12:00am
China landslides kill 13

China landslides kill 13

Landslides triggered by torrential rain across China left 13 people dead and hundreds trapped in their cars, state media said on Saturday. Five people were killed when a bus and truck were "damaged" by a mudslide in the northern province of Gansu, the off
Published 17 Jul, 2011 12:00am
Glitch shuts Japan reactor, power crunch looms

Glitch shuts Japan reactor, power crunch looms

Japan's Kansai Electric Power Co on Saturday shut down one of its reactors due to technical glitches, worsening a tight power supply that is stifling manufacturers. The No 1 reactor at Kansai's Ohi plant, located 350 km (220 miles) west of Tokyo, was manu
Published 17 Jul, 2011 12:00am
Obama meets Dalai Lama despite China protests

Obama meets Dalai Lama despite China protests

US President Barack Obama on Saturday received Tibet's exiled spiritual leader the Dalai Lama for talks choreographed to be as low-key as possible, defying strident warnings from China. An aide to the Dalai Lama said that the two Nobel Peace Prize winners
Published 17 Jul, 2011 12:00am
Seven killed in Indonesia boat accident

Seven killed in Indonesia boat accident

Seven people were killed and two more injured when a customs boat caught fire and sank in western Indonesia, a search and rescue official said Saturday. The boat, which had nine people on board, sank near the coast of North Sumatra province, said Hadi Tug
Published 17 Jul, 2011 12:00am
UN sanctions panel delists 14 former Taliban figures

UN sanctions panel delists 14 former Taliban figures

The UN Security Council on Friday removed 14 former Taliban from its sanctions list as part of moves to induce the insurgent group into talks with Kabul on a peace deal in Afghanistan. Those delisted by a special sanctions committee included four members
Published 17 Jul, 2011 12:00am
Heavy clashes erupt in western Libya

Heavy clashes erupt in western Libya

Heavy clashes between rebels and forces loyal to Muammar Qadhafi broke out on Saturday on the front line in Libya's Western Mountains at the town of Bir Ghanam, as insurgents seek to push towards Tripoli. Sustained gunfire and volleys of artillery could b
Published 17 Jul, 2011 12:00am
German group withdraws Putin 'role model' prize

German group withdraws Putin 'role model' prize

Red-faced organisers of a prominent German political prize bowed to growing pressure Saturday and went back on a decision to award Russian Prime Minister Vladimir Putin a major award. The Werkstatt Deutschland organisation cited "massive criticism in the
Published 17 Jul, 2011 12:00am
Clinton seeks closer Turkey ties after strains

Clinton seeks closer Turkey ties after strains

US Secretary of State Hillary Clinton said on Saturday that Turkey could serve as a democratic model for the Middle East but warned about Ankara's efforts to limit media and restrict freedom of expression. Clinton, wrapping up a two-day visit to Turkey de
Published 17 Jul, 2011 12:00am
Turkey jails 14 over alleged anti-US attack plan

Turkey jails 14 over alleged anti-US attack plan

A Turkish court has jailed 14 people pending trial on charges of al Qaeda membership for allegedly planning an attack on the US embassy in Ankara, state media said on Saturday. The suspects were detained on July 12 ahead of the visit to Turkey of US Secre
Published 17 Jul, 2011 12:00am
Syrian opposition calls for civil Disobedience

Syrian opposition calls for civil Disobedience

Syrians should wage a campaign of civil disobedience to try to force President Bashar al-Assad from power, an exiled dissident said on Saturday at a meeting in Turkey aimed at forging a united opposition. The opposition, divided between Islamists and libe
Published 17 Jul, 2011 12:00am
Yemen protesters set up transitional council

Yemen protesters set up transitional council

Yemeni protesters formed a transitional council of opposition figures on Saturday to lead efforts to try to force President Ali Abdullah Saleh from power. Youth groups, which have been at the forefront of more than five months of protests against Saleh's
Published 17 Jul, 2011 12:00am
Egypt protesters heckle general as tensions mount

Egypt protesters heckle general as tensions mount

Egyptians staging a sit-in in Cairo's Tahrir Square on Saturday heckled a general who tried to address them, forcing him to cut short his visit as tensions grow between activists and the ruling military. The protesters have camped out since July 8 in the
Published 17 Jul, 2011 12:00am
NASA probe headed into orbit around asteroid

NASA probe headed into orbit around asteroid

A robotic NASA science probe was scheduled to slip into orbit around the potato-shaped asteroid Vesta on Saturday to begin a year-long study of the second-largest object in the asteroid belt. NASA expects to hear back from its Dawn spacecraft Sunday to le
Published 17 Jul, 2011 12:00am
Sweden beat France, finish third despite dismissal

Sweden beat France, finish third despite dismissal

Sweden finished third at the women's World Cup after beating France 2-1 in Saturday's play-off despite the Scandinavians finishing the game with 10 players. Sweden striker Lotta Schelin put her side ahead in the first half only for French replacement Elod
Published 17 Jul, 2011 12:00am
Rain and Somerset batsmen frustrate India

Rain and Somerset batsmen frustrate India

India were made to wait over three hours before finally taking the field for the second day of their match against Somerset as heavy rain lashed Taunton on Saturday. The tourists' clash with Somerset is their only warm-up game ahead of next week's first T
Published 17 Jul, 2011 12:00am
Uran boosts Sky with Tour's white jersey

Uran boosts Sky with Tour's white jersey

Colombian Rigoberto Uran boosted the fortunes of British outfit Team Sky by taking over the Tour de France white jersey after the tough 14th stage on Saturday. Uran, who is racing his second Tour de France, took the lead of the competition for the best pl
Published 17 Jul, 2011 12:00am
Strauss backs England to subdue Tendulkar

Strauss backs England to subdue Tendulkar

England Test captain Andrew Strauss has warned Sachin Tendulkar to expect a rough ride when the Indian maestro goes in search of his 100th international hundred. Tendulkar will be firmly in the spotlight in the first Test at Lord's next week as he aims to
Published 17 Jul, 2011 12:00am
Cricket trials in 5 districts from July 18

Cricket trials in 5 districts from July 18

The second round of talent hunt national-wide cricket trials programme for young and upcoming players will get underway from July 18 in five districts of Punjab, Balochistan and Khyber Pakhtunkhwa. Pakistan Cricket Board in collaboration with Pepsi Intern
Published 17 Jul, 2011 12:00am
Japan lead 2-0 over Argentina in Fed Cup

Japan lead 2-0 over Argentina in Fed Cup

Up-and-coming Misaki Doi gave Japan a perfect start as they led 2-0 against Argentina on the first day of the Fed Cup World Group II play-off on Saturday. The 20-year-old, who reached the third round at Wimbledon at her first attempt, whitewashed Maria Ir
Published 17 Jul, 2011 12:00am
Arsenal draw 1-1 in China friendly

Arsenal draw 1-1 in China friendly

Arsenal needed a Carlos Vela strike to salvage a 1-1 draw against a determined Hangzhou Greentown on Saturday in a friendly against the Chinese Super League side. Hangzhou Greentown's Sebastian Vasquez put the home side ahead in the seventh minute after s
Published 17 Jul, 2011 12:00am
Milestone for Muslim woman weightlifter at US meet

Milestone for Muslim woman weightlifter at US meet

Kulsoom Abdullah didn't win, but she notched a victory for diversity at the US weightlifting championships on Friday as she competed in clothing that covered her legs, arms and head. Kulsoom was cleared to compete in clothing that met the standards for mo
Published 17 Jul, 2011 12:00am
Fowler masters rain as old masters shine

Fowler masters rain as old masters shine

Sunshine boy Rickie Fowler produced a waterproof round of golf to launch himself towards the top of the British Open leaderboard on Saturday after eclipsing playing partner Rory McIlroy in the third round at rain-lashed Royal St George's.
Published 17 Jul, 2011 12:00am
Singapore fans snap up tickets for Malaysia qualifier

Singapore fans snap up tickets for Malaysia qualifier

Around four thousand tickets for next Saturday's World Cup qualifier between Southeast Asian rivals Singapore and Malaysia were sold out in a little more than six hours, local media reported on Saturday. The ticketing booth at the Jalan Besar Stadium, whe
Published 17 Jul, 2011 12:00am
World Swimming Championships China dazzle on opening day

World Swimming Championships China dazzle on opening day

The world aquatics championships opened in a blaze of colour Saturday as hosts China claimed the event's very first gold medal with a trademark dominant diving display. The main swimming arena at Shanghai's Oriental Sports Centre became a dazzling spectac
Published 17 Jul, 2011 12:00am
North Korea quintet test positive for steroids

North Korea quintet test positive for steroids

Football's governing body FIFA revealed on Saturday that a total of five members of the North Korea team have now tested positive for banned anabolic steroids at the women's World Cup. After defenders Song Jong-Sun and Jong Pok-Sim both tested positive be
Published 17 Jul, 2011 12:00am
Bangladesh fine top club for alleged match-fixing

Bangladesh fine top club for alleged match-fixing

Bangladesh fined its domestic football league champions Sheikh Jamal Dhanmondi Club $27,000 on Saturday for their involvement in a recent match-fixing scandal, officials said. The fine, the biggest ever imposed by the Bangladesh Football Federation (BFF)
Published 17 Jul, 2011 12:00am
Bin Hammam tight-lipped over fresh allegations

Bin Hammam tight-lipped over fresh allegations

Suspended Asian soccer chief Mohammed bin Hammam was tight-lipped on Saturday over reports alleging he was not fully co-operating in investigations over a cash-for-votes bribery scandal concerning his aborted bid for the FIFA presidency.
Published 17 Jul, 2011 12:00am
Euro, dollar destiny hinges on debt crises

Euro, dollar destiny hinges on debt crises

The euro zone debt crisis and its impact on bank balance sheets weighed on the euro Friday and is likely to do so again next week. Meanwhile the possibility that the US Congress will fail to raise the government's statutory borrowing limit by August 2, wh
Published 17 Jul, 2011 12:00am
Speculators cut dollar shorts in latest week

Speculators cut dollar shorts in latest week

Currency speculators reduced bets against the US dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net short position fell to $14.2 billion in the week ended July 12, f
Published 17 Jul, 2011 12:00am
Canadian dollar touches two-month high

Canadian dollar touches two-month high

Canada's dollar hit a two-month high against the US currency on Friday, as commodity prices rose and results of European bank stress tests eased some worries about the region's financial system. Only eight of the 90 European banks surveyed by the European
Published 17 Jul, 2011 12:00am
Investors raise bets on won, Singapore dollar

Investors raise bets on won, Singapore dollar

Investors expanded their long bets on the South Korean won to the highest level in nine months and nearly tripled bets on the Singapore dollar in July, a Reuters monthly poll showed on Thursday, as investors resumed buying higher yielding assets in emergi
Published 17 Jul, 2011 12:00am
Google lifts Wall Street in otherwise rough week

Google lifts Wall Street in otherwise rough week

Google's blowout quarter led the Nasdaq higher on Friday but mounting uncertainty about the government's ability to reach a debt-reduction deal may keep investors at bay in the coming week. The gains were a bright spot in a stretch dominated by selling th
Published 17 Jul, 2011 12:00am
Collins Foods prices IPO at bottom of range

Collins Foods prices IPO at bottom of range

Australian fast-food group Collins Foods, owned by buyout firm Pacific Equity Partners, has priced its initial public offering at the bottom of the planned range, raising A$201.7 million, but still making it the largest IPO in the local market this year.
Published 17 Jul, 2011 12:00am
Collins Foods prices IPO at bottom of range

Collins Foods prices IPO at bottom of range

Australian fast-food group Collins Foods, owned by buyout firm Pacific Equity Partners, has priced its initial public offering at the bottom of the planned range, raising A$201.7 million, but still making it the largest IPO in the local market this year.
Published 17 Jul, 2011 12:00am
JGBs dip but post big weekly gains

JGBs dip but post big weekly gains

Japanese government bonds dipped on Friday as investors squared positions following a sharp rally the day before, though the market still posted chunky weekly gains after Europe's festering debt crisis and jitters on the US economy prompted investors to l
Published 17 Jul, 2011 12:00am
JGBs dip but post big weekly gains

JGBs dip but post big weekly gains

Japanese government bonds dipped on Friday as investors squared positions following a sharp rally the day before, though the market still posted chunky weekly gains after Europe's festering debt crisis and jitters on the US economy prompted investors to l
Published 17 Jul, 2011 12:00am
Bond desks lack plans for any US default

Bond desks lack plans for any US default

As government deficit talks drag on and the United States moves closer to a potential debt default, there is one large group still without a plan for such an event - Wall Street. Partisan fighting in Washington has stymied efforts to raise the government'
Published 17 Jul, 2011 12:00am
Bond desks lack plans for any US default

Bond desks lack plans for any US default

As government deficit talks drag on and the United States moves closer to a potential debt default, there is one large group still without a plan for such an event - Wall Street. Partisan fighting in Washington has stymied efforts to raise the government'
Published 17 Jul, 2011 12:00am
Indian bond yields inch up

Indian bond yields inch up

Indian federal bond yields nudged up on Friday as investors took profits from the previous day's rally in prices, with some position trimming also seen ahead of the weekend. The 10-year benchmark bond yield closed up 3 basis points (bps) at 8.27 percent,
Published 17 Jul, 2011 12:00am
Indian bond yields inch up

Indian bond yields inch up

Indian federal bond yields nudged up on Friday as investors took profits from the previous day's rally in prices, with some position trimming also seen ahead of the weekend. The 10-year benchmark bond yield closed up 3 basis points (bps) at 8.27 percent,
Published 17 Jul, 2011 12:00am
Debt, economic worries lift US bond prices

Debt, economic worries lift US bond prices

US Treasuries prices rose modestly on Friday as sovereign debt problems on both sides of the Atlantic and worries over a faltering US economy revived safe-haven demand for US government debt. The gridlock in Washington over reaching a deal to cut the defi
Published 17 Jul, 2011 12:00am
Debt, economic worries lift US bond prices

Debt, economic worries lift US bond prices

US Treasuries prices rose modestly on Friday as sovereign debt problems on both sides of the Atlantic and worries over a faltering US economy revived safe-haven demand for US government debt. The gridlock in Washington over reaching a deal to cut the defi
Published 17 Jul, 2011 12:00am
Back door to Canada stock listing may slam shut

Back door to Canada stock listing may slam shut

Chinese companies may soon find the back door to a Canadian stock listing slammed shut, as regulators weigh tougher rules on a fast-track approach to going public taken by Sino-Forest and other fallen angels. A growing list of suspect Chinese companies li
Published 17 Jul, 2011 12:00am
Oils prop up: TSX, but three-week win stretch ends

Oils prop up: TSX, but three-week win stretch ends

Toronto's main stock index closed higher on Friday, lifted by solid gains in its heavyweight resource groups as key commodity prices advanced. Oil prices rose on news of new limits on oil shipments on a Canadian export pipeline and as a European bank stre
Published 17 Jul, 2011 12:00am
Latam high-yield issuance to remain robust

Latam high-yield issuance to remain robust

Strong investor appetite for emerging market debt spurred a substantial increase in high-yield issuance in Latin America in the first half of 2011, boosting the amount of debt issued by junk-rated companies and governments close to that of investment-grad
Published 17 Jul, 2011 12:00am
Turkish markets stay mixed

Turkish markets stay mixed

Turkish assets were mixed on Friday, with bonds gaining on fresh foreign demand amid a market squeeze while the lira eased a little as wary investors awaited the results of European banks' stress tests. Bonds have found traction in the last few sessions f
Published 17 Jul, 2011 12:00am
Sri Lankan bourse at one-week high

Sri Lankan bourse at one-week high

Sri Lanka's stock market gained on Friday to a one-week closing high led by market heavyweight John Keells Holdings as investors bought up beaten shares in market hovering near oversold. The main share index gained 0.91 percent or 61.36 points to 6,777.03
Published 17 Jul, 2011 12:00am
Stricter bank test leaves 80 billion euro hole: top analyst

Stricter bank test leaves 80 billion euro hole: top analyst

Europe's banks would be 80 billion euros ($113 billion) short of capital under a tough test of their health, more than 30 times the amount demanded in an official test, according to a leading analyst. Eight small banks on Friday failed a test of how 90 Eu
Published 17 Jul, 2011 12:00am
Sudan to circulate new currency this month

Sudan to circulate new currency this month

Sudan's central bank said on Saturday it would begin circulating a new currency this month after South Sudan said it planned to create a currency of its own. South Sudan, which declared independence on July 9 under a 2005 peace deal that ended decades of
Published 17 Jul, 2011 12:00am
TNK-BP agrees to buy stake in Amazon field

TNK-BP agrees to buy stake in Amazon field

Russian oil producer TNK-BP has reached an agreement with Brazilian oil start-up HRT Participacoes to buy a share in oil exploration blocks in the Amazon forest region, a source close to the deal told Reuters on Friday. HRT said in May that it had informe
Published 17 Jul, 2011 12:00am
Deutsche Boerse replaces its shares with new class

Deutsche Boerse replaces its shares with new class

Deutsche Boerse said the DAX index would be adjusted to reflect the replacement of its shares with a class of shares tendered in its merger with the New York Stock Exchange group. It said on late Friday the change would be effective from July 20 and refle
Published 17 Jul, 2011 12:00am
Afghanistan's second biggest bank not in crisis

Afghanistan's second biggest bank not in crisis

Afghanistan's acting central bank governor said on Saturday the country's second-biggest private bank was not in crisis and warned lawmakers that raising fears about its future could spark panic. Mohebullah Safi appeared before parliament at the request o
Published 17 Jul, 2011 12:00am
Afghanistan extends deadline for iron ore bids

Afghanistan extends deadline for iron ore bids

The deadline for bids for Afghanistan's giant Hajigak iron ore deposit has been extended by a month to September 4 at the request of companies interested in the project, the country's mines minister said on Saturday. The Hajigak project, which straddles t
Published 17 Jul, 2011 12:00am
SABIC earnings up 61 percent, beats forecasts

SABIC earnings up 61 percent, beats forecasts

Saudi Basic Industries Corp (SABIC), the world's biggest petrochemical firm by market value, posted a 61 percent rise in second-quarter net profit due to increases in output and prices. SABIC beat analysts' forecasts with net profit of 8.1 billion riyals
Published 17 Jul, 2011 12:00am
ECB's Liikanen urges banks to raise capital

ECB's Liikanen urges banks to raise capital

Banks that barely passed the European financial stress tests must swiftly reinforce their capital, ECB Governing Council member Erkki Liikanen told Finnish public broadcaster YLE on Saturday. The European Banking Authority said on Friday that five banks i
Published 17 Jul, 2011 12:00am
PetroChina shuts refinery unit after fire

PetroChina shuts refinery unit after fire

A PetroChina refinery in the north-east Chinese city of Dalian has shut down a unit that processes 8 million tonnes of crude per year after a fire broke out on Saturday afternoon, an industry source said. "The fire has been stopped. Checks are being made
Published 17 Jul, 2011 12:00am
Swiss-US tax talks flounder as Credit Suisse probed

Swiss-US tax talks flounder as Credit Suisse probed

Swiss attempts to try to get a US tax investigation against its banks dropped are floundering with the launch of a US probe into Credit Suisse seen as a bid to turn up the pressure, a newspaper reported on Saturday. Citing unnamed banking sources, the Tag
Published 17 Jul, 2011 12:00am
Fast-growing India needs second green revolution: Prime Minister

Fast-growing India needs second green revolution: Prime Minister

Indian Prime Minister Manmohan Singh called Saturday for a second "green revolution" to feed the country's burgeoning population that is forecast to overtake China in numbers by 2025 Under India's "Green Revolution" in the 1960s and 70s - seen as one of t
Published 17 Jul, 2011 12:00am
Iraq will be key oil player in next 20 years: Shahristani

Iraq will be key oil player in next 20 years: Shahristani

Iraq will be the key player in international oil politics over the next two decades, the country's top government official for the energy sector said on Saturday. "If we continue along the path we are on, Iraq will over the next two decades be the country
Published 17 Jul, 2011 12:00am
Czech Prime Minister to push for higher sales tax hike

Czech Prime Minister to push for higher sales tax hike

The deepening eurozone crisis calls for a bigger sales tax hike than already agreed, the Czech prime minister told a newspaper on Saturday, setting the stage for renewed political turmoil in his fractious cabinet. Petr Necas's centre-right government has
Published 17 Jul, 2011 12:00am
Regulators shutter four US small banks

Regulators shutter four US small banks

US authorities closed four banks on Friday, bringing the total number of bank closures in 2011 to 55. The first two banks to close on Friday night were in Georgia, followed by one in Florida and one bank in Arizona, the Federal Deposit Insurance Corp said
Published 17 Jul, 2011 12:00am
Ruling backs Apple patent claim against HTC

Ruling backs Apple patent claim against HTC

The US International Trade Commission (ITC) on Friday backed Apple in a patent battle with Taiwan's leading smartphone maker HTC. An ITC administrative law judge reportedly issued a preliminary finding that HTC violated two of 10 patents at issue in a com
Published 17 Jul, 2011 12:00am
Rice, cottonseed oilcake prices dip on grain market

Rice, cottonseed oilcake prices dip on grain market

In line with the international track, rice prices fell on wholesales grain market due to falling demand, dealers said. On the rice sector, Irri-6 Sindh dropped sharply by Rs 100 to Rs 2725-3800 owing decline in demand, they said and adding that prices may
Published 17 Jul, 2011 12:00am
Russian grain yields higher despite rain-hit harvest

Russian grain yields higher despite rain-hit harvest

Russia has so far reaped less grain than a year ago, as the harvesting was delayed by rains in the south, while higher yields could help the country to achieve a large crop, Agriculture Ministry data showed on Friday. Farmers harvested 6.5 million tonnes
Published 17 Jul, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 82,452 tonnes of cargo including 38,118 tonnes of import cargo, 44,334 tonnes of export cargo and 4,773 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 38,118 tonnes compri
Published 17 Jul, 2011 12:00am
Dryness hits Argentine wheat farming belt

Dryness hits Argentine wheat farming belt

Argentine farmers are concerned the lack of rain could hurt 2011/12 wheat crops in parts of the country's farming belt, the government said in its weekly crop report on Friday. Argentina is a leading wheat grower and exports the bulk of its crop to neighb
Published 17 Jul, 2011 12:00am
US Midwest corn bids firm, soyabean steady

US Midwest corn bids firm, soyabean steady

Corn spot basis bids were firm for delivery to river and rail terminals around the US Midwest on Friday while soyabean bids held mostly steady on support from light, scattered sales of each crop, dealers said. Rail corn bids in Evansville, Indiana, climbe
Published 17 Jul, 2011 12:00am
Cotton rates turn low marginally

Cotton rates turn low marginally

Bearish trend was witnessed on the cotton market at the weekend, as local prices tracked the global market direction, dealers said The Karachi Cotton Association (KCA) official spot was unchanged at Rs 6,200, they said. Seedcotton rates in Sindh were down
Published 17 Jul, 2011 12:00am
Oil cake market rates

Oil cake market rates

The July vaida failed to retain its firmness, coming down on the forward cottonseed oilcake market on Saturday and December vaida was unchanged in process of trading, dealers said. The July contract had closed at 1427.50 opened with 50 paisa fall at Rs 14
Published 17 Jul, 2011 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Hard red winter wheat basis bids held steady on Friday amid slow farmer sales, dealers said. Producers anticipate higher prices and chose to store newly harvested wheat instead of booking sales, a dealer said. Concerns about temperatures above 100 Fahrenh
Published 17 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 17 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 17 Jul, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (July 16, 2011).
Published 17 Jul, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee continued its fall in relation to dollar on the currency market on Saturday due to rising demand of the US currency, dealers said. The rupee fell by nine paisa in relation to dollar for buying at 86.07 and 86.10 in process of trading, they said.
Published 17 Jul, 2011 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

The rupee continued its fall in relation to dollar on the currency market on Saturday due to rising demand of the US currency, dealers said. The rupee fell by nine paisa in relation to dollar for buying at 86.07 and 86.10 in process of trading, they said.
Published 17 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (July 16, 2011).

Published 17 Jul, 2011 12:00am
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