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Archive - 2011-07-24
India set 458 to win first Test
Cricket

India set 458 to win first Test

LONDON: India were set a target of 458 to win the first Test after England declared their second innings on 269 for six
Published 24 Jul, 2011 06:51pm
Vegetable prices continue to rise
Top News

Vegetable prices continue to rise

ISLAMABAD : High prices of vegetables have made it difficult for people to manage their monthly home budgets. Prices
Published 24 Jul, 2011 12:56pm
Sharma treble stuns England
Cricket

Sharma treble stuns England

LONDON : Ishant Sharma took three wickets, including two in one over, to give India hope of an improbable win against E
Published 24 Jul, 2011 12:26pm
England 72-5 against India
Cricket

England 72-5 against India

LONDON : England were 72 for five in their second innings against India, a lead of 260 runs, at lunch on the fourth day
Published 24 Jul, 2011 12:07pm
Ban imposed on pillion riding
Top News

Ban imposed on pillion riding

KARACHI : Sindh home department has again imposed a ban on pillion riding in the wake of firing incidents in Karachi ,
Published 24 Jul, 2011 09:00am
Soldier dies in East Wana suicide attack
Top News

Soldier dies in East Wana suicide attack

PESHAWAR : A Pakistani soldier was killed on Sunday as troops foiled an attempt by a suicide bomber to attack a military
Published 24 Jul, 2011 08:56am
India releases 89 Pakistani fishermen
Top News

India releases 89 Pakistani fishermen

VADODARA: The Indian Government has released 89 Pakistani fishermen lodged in Indian jails, Veljibhai Masani, senior vic
Published 24 Jul, 2011 07:43am
High court lawyer among 10 shot dead

High court lawyer among 10 shot dead

There was no letup in the targeted killings as ten more persons including an advocate of High Court were killed in separate incidents at various places, here on Saturday. According to police, an advocate of High Court was shot dead near Bohrapir Sheesha m
Published 24 Jul, 2011 12:00am
Textile city will provide 80,000 jobs, says Hafeez

Textile city will provide 80,000 jobs, says Hafeez

Textile City being built in the eastern area of Port Qasim will provide jobs to about 80,000 people, said Finance Minister Hafeez Shaikh here on Saturday. "It is one of the mega projects of the country which is being built with public-private collaboratio
Published 24 Jul, 2011 12:00am
Textile city will provide 80,000 jobs, says Hafeez

Textile city will provide 80,000 jobs, says Hafeez

Textile City being built in the eastern area of Port Qasim will provide jobs to about 80,000 people, said Finance Minister Hafeez Shaikh here on Saturday. "It is one of the mega projects of the country which is being built with public-private collaboratio
Published 24 Jul, 2011 12:00am
Textile city will provide 80,000 jobs, says Hafeez

Textile city will provide 80,000 jobs, says Hafeez

Textile City being built in the eastern area of Port Qasim will provide jobs to about 80,000 people, said Finance Minister Hafeez Shaikh here on Saturday. "It is one of the mega projects of the country which is being built with public-private collaboratio
Published 24 Jul, 2011 12:00am
Bangladesh, India open border bazaar

Bangladesh, India open border bazaar

Bangladesh and India on Saturday opened a bazaar along their border as part of new moves to improve ties between the south Asian neighbours, officials said. Bangladesh Commerce Minister Mohammad Faruk Khan and his Indian counterpart, Anand Sharma, inaugur
Published 24 Jul, 2011 12:00am
Bangladesh, India open border bazaar

Bangladesh, India open border bazaar

Bangladesh and India on Saturday opened a bazaar along their border as part of new moves to improve ties between the south Asian neighbours, officials said. Bangladesh Commerce Minister Mohammad Faruk Khan and his Indian counterpart, Anand Sharma, inaugur
Published 24 Jul, 2011 12:00am
More British papers dragged into hacking row

More British papers dragged into hacking row

Allegations of phone-hacking spread beyond the felled News of the World to other tabloids on Saturday as media heir James Murdoch faced pressure over the extent of his knowledge of the scandal. Former journalists at the Daily Mirror and Sunday Mirror the
Published 24 Jul, 2011 12:00am
More British papers dragged into hacking row

More British papers dragged into hacking row

Allegations of phone-hacking spread beyond the felled News of the World to other tabloids on Saturday as media heir James Murdoch faced pressure over the extent of his knowledge of the scandal. Former journalists at the Daily Mirror and Sunday Mirror the
Published 24 Jul, 2011 12:00am
Shia mosques demolished in Bahrain crackdown

Shia mosques demolished in Bahrain crackdown

A Bahraini cleric says authorities have demolished 30 Shia mosques during their five-month-old crackdown on dissent in the Sunni-ruled Gulf kingdom. Seyyed Abdullah al-Ghoreifi says 30 Shia mosques have been destroyed as part of the government's campaign
Published 24 Jul, 2011 12:00am
Shia mosques demolished in Bahrain crackdown

Shia mosques demolished in Bahrain crackdown

A Bahraini cleric says authorities have demolished 30 Shia mosques during their five-month-old crackdown on dissent in the Sunni-ruled Gulf kingdom. Seyyed Abdullah al-Ghoreifi says 30 Shia mosques have been destroyed as part of the government's campaign
Published 24 Jul, 2011 12:00am
13 militants killed in Kurram clashes

13 militants killed in Kurram clashes

A Pakistani official says an anti-Taliban militia has killed 13 militants in clashes near the Afghan border. Local administrator Noor Alam Khan says several militiamen and insurgents were also wounded in the gunbattles Friday and Saturday in the Kurram tr
Published 24 Jul, 2011 12:00am
13 militants killed in Kurram clashes

13 militants killed in Kurram clashes

A Pakistani official says an anti-Taliban militia has killed 13 militants in clashes near the Afghan border. Local administrator Noor Alam Khan says several militiamen and insurgents were also wounded in the gunbattles Friday and Saturday in the Kurram tr
Published 24 Jul, 2011 12:00am
Altaf urges Karachiites to foil anti-peace moves

Altaf urges Karachiites to foil anti-peace moves

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain has called upon Karachiites to show patience and tolerance and foil attempts to disturb peace in the city. He said this during separate conversations with the office-bearers of Malir and Landhi sectors of
Published 24 Jul, 2011 12:00am
Citi-LUMS Youth Initiative launched

Citi-LUMS Youth Initiative launched

Lahore University of Management Sciences, Social Enterprise Development Centre in collaboration with Citi Foundation launched a project, titled "Living Literacy, Changing Lives: Citi-LUMS Youth Initiative" to undertake the citi-youth project. Young people
Published 24 Jul, 2011 12:00am
20-25 percent rise in essential commodities' prices

20-25 percent rise in essential commodities' prices

Prices of the entire range of essential kitchen items have gone up from 20 to 25 percent in one month, according to a survey carried out by Business Recorder here on Saturday. The survey in the twin cities of Islamabad/Rawalpindi showed that hoarde
Published 24 Jul, 2011 12:00am
SNGPL cuts off supply to Railways loco shed workshop, colonies

SNGPL cuts off supply to Railways loco shed workshop, colonies

Sui Northern Gas Pipelines Limited (SNGPL) has cut off gas supply to Pakistan Railways (PR) loco shed workshop and railways colonies due to non payment of outstanding dues and late payment surcharges amounting to Rs 300 million. As many as 460 residential
Published 24 Jul, 2011 12:00am
Conference on water held

Conference on water held

South Asia has great untapped hydroelectric potential therefore two big countries of South Asia especially India and Pakistan should jointly start projects to use this hydroelectric potential for bringing prosperity in the region. This was the crux of the
Published 24 Jul, 2011 12:00am
Complete shutdown observed in IHK

Complete shutdown observed in IHK

Complete shutdown observed in occupied Kashmir on Saturday, against the arrest of the Executive Director of Kashmiri American Council, Dr Ghulam Nabi Fai in the US and against a gang rape of a woman by Indian troops in Kulgam. Call for the shutdown has be
Published 24 Jul, 2011 12:00am
Government urged to check sugar price hike

Government urged to check sugar price hike

Agri Forum Pakistan Chairman, Muhammad Ibrahim Mughal has urged the Cane Commissioner Punjab to play his role in stopping the hike in sugar prices as well as ensuring payment of arrears of cane growers from the mills.
Published 24 Jul, 2011 12:00am
Fixing eatables rates: government urged to hold meeting with price body

Fixing eatables rates: government urged to hold meeting with price body

Lahore Retailers and General Merchants Association (LRGMA) and Anjuman-e-Tajran Lahore (Alkhidmat Group) have urged Punjab government to immediately convene meeting of the price control committee to fix the prices of eatables afresh. This demand was raise
Published 24 Jul, 2011 12:00am
Court informed about Musharraf's property

Court informed about Musharraf's property

The Federal Investigation Agency (FIA) informed the court that former President Pervez Musharraf possesses a 1000 sq ft plot in a Gwadar Housing Scheme and 8-acre Farm House in Chak Shahzad Islamabad, while details regarding his remaining property are sti
Published 24 Jul, 2011 12:00am
FLC to observe 'hepatitis awareness' week

FLC to observe 'hepatitis awareness' week

Faisalabad Liver Centre will observe week for the awareness of people against Hepatitis disease, from July 26 to July 30. During this week, a camp would be set up in the liver centre from 9am to 2pm for free tests of Hepatitis-B and C. A special function
Published 24 Jul, 2011 12:00am
If PTI voted to power: Imran vows to collect taxes from the rich

If PTI voted to power: Imran vows to collect taxes from the rich

Pakistan Tahreek-e-Insaf (PTI) Chairman Imran Khan has vowed to collect taxes from all the rich people of the country if his party is voted to power. He expressed these views while addressing a public gathering in connection with party's membership drive
Published 24 Jul, 2011 12:00am
SIH organises seminar on diabetes

SIH organises seminar on diabetes

Senior consultants at Shifa International Hospital (SIH) urged the people with diabetes to take extra care to manage their blood glucose level and avoid any unpleasant situation while observing fasting during the Holy month of Ramadan that is around the c
Published 24 Jul, 2011 12:00am
Removal of PPP banners: petition filed in LHC

Removal of PPP banners: petition filed in LHC

A petition against removal of PPP banners from the city has been filed before the Lahore High Court. People's Lawyers Forum (PLF) has filed the petition, saying the city government has removed banners installed welcome banners at the arrival of party lead
Published 24 Jul, 2011 12:00am
Loadshedding: growing violent protests a cause of worry for Pepco

Loadshedding: growing violent protests a cause of worry for Pepco

Growing violent protests against load shedding have become a cause of worry for Pakistan Electric Power Company (Pepco) officials, and deliberations are underway with provincial governments to ensure safety measures for Pepco installations and staff on gr
Published 24 Jul, 2011 12:00am
Significance of population census highlighted

Significance of population census highlighted

A sensitisation workshop was held in connection with 6th population and housing census 2011 in which Divisional Commissioner Tahir Hussain was the chief guest. Provincial Census Commissioner Dr Jamal Yousaf, Commissioner Census Habibullah Khatak, Division
Published 24 Jul, 2011 12:00am
APCA elections on September 14

APCA elections on September 14

All Pakistan Contractors Association (APCA) has announced to hold election of its office bearers for the year 2011-12 on September 14, 2011. Prior to this, election on 14 vacant seats include eight vacant seats of corporate members, six of associate membe
Published 24 Jul, 2011 12:00am
Heavy rains halt routine life in Lahore

Heavy rains halt routine life in Lahore

The provincial capital on Saturday received heavy rain with strong winds, putting normal routine life to a standstill, as the rainwater inundated roads and low-lying areas of the city. According to Pakistan Meteorological Department, the new spell of mons
Published 24 Jul, 2011 12:00am
Power shortfall declines

Power shortfall declines

Power shortfall has started sliding down with pleasant weather conditions amidst monsoon rains in Punjab. Power shortfall decreased to 4,703MW during the last 24 hours against over 5500MW earlier, as power generation increased to 13,974MW against a demand
Published 24 Jul, 2011 12:00am
Mother of Governor Balochistan passes away

Mother of Governor Balochistan passes away

Mother of the Governor Balochistan Nawab Zulfiqar Ali Magsi passed away in Karachi on Saturday. The deceased body was being shifted to her native town Jhal Magsi. Balochistan legislators, political leadership and other important figures have started reach
Published 24 Jul, 2011 12:00am
LHC seeks report from ministry officials

LHC seeks report from ministry officials

The Lahore High Court sought report and comments till July 27 in a petition filed against the officials of the Ministry of Religious Affairs denying Hajj to the persons booked by the private Hajj Organisers. The court passed the said order in a petition f
Published 24 Jul, 2011 12:00am
Four killed in road accident

Four killed in road accident

At least four people were killed and several others sustained injuries in a road accident near Hub area, private television news channels reported on Saturday. According to the details, a bus carrying pilgrims was heading towards Shah Norani when the ill-
Published 24 Jul, 2011 12:00am
Cotton season starts earlier than usual

Cotton season starts earlier than usual

Cotton season has begun in Punjab before Sindh this year for the first time in the 63 year old history of Pakistan. At least 85 ginning factories have started operation in Punjab and merely 20 started in Sindh province. It is for the first time that more
Published 24 Jul, 2011 12:00am
Punjab government being run in 'hustle and bustle'

Punjab government being run in 'hustle and bustle'

Former law minister, Babar Awan Saturday said that Punjab is lacking good governance altogether and is being run in hustle and bustle. Addressing a press conference in the city, he criticised Punjab for bad law and order situation.
Published 24 Jul, 2011 12:00am
LHC constitutes four DBs, eight SBs

LHC constitutes four DBs, eight SBs

Chief Justice of Lahore High Court (LHC) Ijaz Ahmad Chaudhry here on Saturday constituted four division benches (DBs) and eight single benches (SBs) for the disposal of the cases pending at the principal seat commencing from July 25.
Published 24 Jul, 2011 12:00am
LHC directs RPO to produce 38 lawyers before court on July 25

LHC directs RPO to produce 38 lawyers before court on July 25

Acting Chief Justice Lahore High Court directed Regional Police Officer (RPO), Faisalabad to produce 38 arrested lawyers before the court on July 25. Moharram Ali filed a petition for release of 38 lawyers, including Shahdat Sial, Ehsan Sial, Khizar Hayat
Published 24 Jul, 2011 12:00am
Defence residents discuss civic problems with DHA Admin

Defence residents discuss civic problems with DHA Admin

The Defence Housing Authority's Administrator underlined the need of frequent interaction between DHA and residents' associations for speedy and pragmatic resolution of residents' problems. A delegation of Association of Defence Residents (ADR) led by its
Published 24 Jul, 2011 12:00am
Contaminated oil causes massive damage to locomotives: PAC told

Contaminated oil causes massive damage to locomotives: PAC told

One of major causes of damage to locomotives is use of contaminated oil. This was disclosed in a joint meeting of Public Accounts Committee (PAC) of National Assembly on Railways and Monitoring and Implementation Committee on Railways, presided over by MN
Published 24 Jul, 2011 12:00am
Envoys designate urged to promote true national image

Envoys designate urged to promote true national image

Prime Minister, Syed Yusuf Raza Gilani Saturday urged Pakistani envoys posted in various countries to work for facilitating people to people contacts with the countries of their accreditation to open up new avenues of co-operation. He was talking to Pakis
Published 24 Jul, 2011 12:00am
SECP grants licences to 15 not-for-profit associations

SECP grants licences to 15 not-for-profit associations

The Securities and Exchange Commission of Pakistan (SECP) granted licences to 15 not-for-profit associations under Section 42 of the Companies Ordinance, 1984, from April to June 2011 as compared to 10 licences issued in the corresponding period of the pr
Published 24 Jul, 2011 12:00am
Britain assisting in construction of 40 schools: envoy

Britain assisting in construction of 40 schools: envoy

British High Commissioner Adam Thomson on Saturday said that Britain is collaboration with the government of Pakistan and is working on the construction of 40 schools and 10 bridges in district Swat.
Published 24 Jul, 2011 12:00am
Three US nationals detained, freed

Three US nationals detained, freed

Security officials let three US nationals go after they were investigated here at airport on Saturday. The US nationals were allowed to go after the US Consulate intervened into the issue. They were stopped and investigated by the officials because they h
Published 24 Jul, 2011 12:00am
Under Linkages Programme: Preston University team visits ERRA

Under Linkages Programme: Preston University team visits ERRA

Dr Baloch Allah Wadhayo, Executive Director Disaster Risk Reduction (DRR), students and faculty of Diploma Disaster Risk Reduction from Preston University visited Earthquake Reconstruction and Rehabilitation Authority (ERRA) on Saturday, under ERRA's "Lin
Published 24 Jul, 2011 12:00am
Accident liability laws hamper Indo-US nuclear deal: Mazari

Accident liability laws hamper Indo-US nuclear deal: Mazari

Indo-US nuclear deal is facing hurdles, as a result of stringent accident conditionalities, besides keeping the US private sector (GE and Westinghouse Electric) away from $150 billion Indian atomic power market. The US Secretary of State, Hillary Clinton
Published 24 Jul, 2011 12:00am
Pesco chief for reduction in line losses

Pesco chief for reduction in line losses

Chief Executive, Peshawar Electricity Supply Company (Pesco), Mohammad Wali has directed the field officers for making all out efforts for reduction of line losses and try their best to prevent fatal accidents, saying technical staff would be provided all
Published 24 Jul, 2011 12:00am
APHC leaders remain under house arrest

APHC leaders remain under house arrest

The authorities continued to place the All Parties Hurriyet Conference (APHC) Chairman in occupied Kashmir Mirwaiz Umar Farooq, and other Hurriyet leaders including Syed Ali Gilani, Shabbir Ahmed Shah and Zafar Akbar Butt under house arrest to prevent the
Published 24 Jul, 2011 12:00am
President, Prime Minister condemn terror attacks in Norway

President, Prime Minister condemn terror attacks in Norway

President Asif Ali Zardari and Prime Minister Sayed Yousuf Raza Gilani have, on behalf of the Government and people of Pakistan, strongly condemned the horrific terrorist attacks in Norway, which resulted in a large number of casualties.
Published 24 Jul, 2011 12:00am
Kashmiris concerned over Fai's arrest

Kashmiris concerned over Fai's arrest

Prime Minister Azad Kashmir Sardar Attique Ahmad Khan said the whole world in general and Kashmiris in particular have great concerns over the arrest of Kashmiri leader Dr Ghulam Nabi Fai. Talking to a private news channel on Saturday, he said the arrest
Published 24 Jul, 2011 12:00am
Fight against polio just got tougher

Fight against polio just got tougher

In counter-terrorism efforts, risking health and security of the civilians should be marked as a red line, which must never be crossed. However, according to a report published in the UK-based newspaper The Guardian, some startling allegations were made a
Published 24 Jul, 2011 12:00am
Dark side of the moon (sighting)

Dark side of the moon (sighting)

With the start of the holy month of Ramazan merely days away, the perennial controversy regarding moon sighting is again rearing its ugly, embarrassing head. Every year the country goes through the melodrama where Ulema from Peshawar and adjoining areas d
Published 24 Jul, 2011 12:00am
A merchant bank's toying with financial ratios

A merchant bank's toying with financial ratios

Merchant banks' functioning is multi-dimensional. They cater to unbridged gap between supply and demand of investible funds. The banks help enterprises in raising funds and investors to invest their money. In new securities offerings and managing funds, m
Published 24 Jul, 2011 12:00am
US drought ravages corn, sucks house foundations dry

US drought ravages corn, sucks house foundations dry

Dead corn stalks march across fields, cattle are sent to market early, house structures crack and water supplies dry up. Drought is ravaging the southern tier of US states, from Arizona across Kansas and east to the Atlantic Ocean, with 14 states firmly i
Published 24 Jul, 2011 12:00am
Tradition kept alive as villagers hold whale funerals

Tradition kept alive as villagers hold whale funerals

Clasping their hands together and murmuring prayers, hundreds of villagers gathered to wish for the health of a revered member of their community. It is a ritual so solemn, one might be forgiven for thinking they were worried about a close relative, but t
Published 24 Jul, 2011 12:00am
The man on a noble mission

The man on a noble mission

President Zardari's visit to Saudi Arabia and his meeting with King Abdullah - preceded by three days sojourn to Iran where he held separate meetings with the Iranian leadership - according to diplomatic circles, was a part of the mediating efforts that P
Published 24 Jul, 2011 12:00am
Nato hands control of Mazar-i-Sharif to Afghans

Nato hands control of Mazar-i-Sharif to Afghans

Nato troops on Saturday handed control of Afghanistan's northern capital Mazar-i-Sharif to local forces amid rising security fears just days after it was hit by a deadly bombing. Mazar-i-Sharif is the sixth of seven areas to transition to Afghan control,
Published 24 Jul, 2011 12:00am
Sarajevo Film Festival awards jailed Iranian director

Sarajevo Film Festival awards jailed Iranian director

The Sarajevo Film Festival (SFF) opened late on Friday honouring jailed Iranian film director Jafar Panahi whose directorial debut launched the first SFF 17 years ago in an act of defiance against the 1992-95 war.
Published 24 Jul, 2011 12:00am
Mass Dakar protest to block Wade third term

Mass Dakar protest to block Wade third term

Record numbers turned out in Dakar Saturday to demand Senegal's 85-year-old president Abdoulaye Wade ditch plans to run for a third term in office they say is unconstitutional. The veteran leader's supporters were also due to march but opposition to Wade
Published 24 Jul, 2011 12:00am
Record-breaking heat smothers eastern US

Record-breaking heat smothers eastern US

Residents of the Eastern and Central United States braced for another day of scorching heat Saturday as record-breaking temperatures forced Americans to seek refuge in swimming pools and air-conditioned malls.
Published 24 Jul, 2011 12:00am
Over 2 million Somalis out of aid groups' reach

Over 2 million Somalis out of aid groups' reach

Aid agencies are unable to reach more than two million Somalis facing starvation in the famine-struck Horn of Africa country where Islamist insurgents control much of the worst-hit areas, the UN's food agency said on Saturday. World Food Programme (WFP) o
Published 24 Jul, 2011 12:00am
Sri Lanka's war-weary north votes

Sri Lanka's war-weary north votes

Citizens in Sri Lanka's old war zone voted for local leaders for the first time in at least a dozen years, in a poll marked by intimidation, vote-buying and scepticism by the mostly Tamil electorate of any kind of post-war political change.
Published 24 Jul, 2011 12:00am
British singer Amy Winehouse found dead

British singer Amy Winehouse found dead

Troubled British singer Amy Winehouse has been found dead at her flat in north London, police said. She was 27 years old. The soul singer struggled with drink and drug addictions. Her death is being treated as unexplained. "Police were called by London Am
Published 24 Jul, 2011 12:00am
1940s actress Linda Christian dies

1940s actress Linda Christian dies

Linda Christian, a 1940s Hollywood actress nicknamed "anatomic bomb" by Life magazine for her stunning looks and famous for her marriage to actor Tyrone Power, has died aged 87, her daughter said here Saturday. Romina Power told journalists in Rome that h
Published 24 Jul, 2011 12:00am
32 die in east China high-speed train crash

32 die in east China high-speed train crash

At least 32 people died when a high-speed train smashed into a stalled train in front of it in China's eastern Zhejiang province on Saturday, state media said, raising new questions about the safety of the fast-growing rail network.
Published 24 Jul, 2011 12:00am
Dozens hurt in clashes, Egypt rulers promise democracy

Dozens hurt in clashes, Egypt rulers promise democracy

Dozens of people were injured in Cairo on Saturday when thousands of demonstrators fought opponents with stones after marching to the Defence Ministry to urge their military rulers to speed up reforms, witnesses said.
Published 24 Jul, 2011 12:00am
Thousands of Israelis protest high housing prices

Thousands of Israelis protest high housing prices

Thousands of Israelis are rallying in Tel Aviv to protest rising housing prices. Israel's Channel 10 TV estimated about 10,000 demonstrators gathered in downtown Tel Aviv on Saturday. Protesters complain about the soaring cost of living and say they canno
Published 24 Jul, 2011 12:00am
Strong 6.5 quake hits northern Japan

Strong 6.5 quake hits northern Japan

A strong 6.4-magnitude earthquake hit northern Japan Saturday, but there were no reports of damage and no danger of a major tsunami, geologists said. The quake struck at 1:34 pm (0434 GMT) off the Pacific coast of Miyagi prefecture, around the same area a
Published 24 Jul, 2011 12:00am
South Sudan rebel leader shot dead

South Sudan rebel leader shot dead

South Sudan rebel leader Gatluak Gai was shot dead on Saturday, the army and rebels said, just a week after he agreed to a ceasefire and as the newly independent country renewed an amnesty offer. There were differing accounts of how Gai was killed, with t
Published 24 Jul, 2011 12:00am
With space shuttle era over, US robot set for Mars

With space shuttle era over, US robot set for Mars

NASA moved on to a new chapter in space exploration on Friday, a day after the end of its shuttle program, by announcing details of plans to determine if Mars has or ever had the ingredients for life. Managers at the US space agency said a robotic science
Published 24 Jul, 2011 12:00am
Mourning keeps Landhi, Malir shut

Mourning keeps Landhi, Malir shut

Landhi and Malir stayed shut Saturday to mourn the deaths of over a dozen people in Friday's carnage. All shops and markets at Saudia Colony, KDA Chowk, Jaffar Tayyar Society, Khokhrapar, Salman Parsi Gate, Liaquat Market, Post Office Stop, Mohammad Marke
Published 24 Jul, 2011 12:00am
Zardari forms committee to contact MQM, other parties

Zardari forms committee to contact MQM, other parties

President Zardari has formed four-member committee to contact Muttahida Qaumi Movement (MQM) and other parties on Karachi situation. The President has also barred PPP minister from making harsh political statements. Chairing a consultative meeting of PPP
Published 24 Jul, 2011 12:00am
Ruling party minister patronising killers: Muttahida

Ruling party minister patronising killers: Muttahida

Muttahida Qaumi Movement on Saturday said the criminals, killing innocent citizens in the city with impunity, are being patronised by a ruling party minister. MQM leader Raza Haroon stated this at a press conference held at MQM headquarters Nine Zero. He
Published 24 Jul, 2011 12:00am
Five injured as van turns turtle

Five injured as van turns turtle

Five persons injured when a passenger van skidded down at the newly constructed Zero Point Interchange on Saturday morning, while the driver managed to escape from the scene The accident occurred due to over-speeding as the drive lost the control over mac
Published 24 Jul, 2011 12:00am
Readymade garments traders see sluggish business in Ramazan

Readymade garments traders see sluggish business in Ramazan

Shopkeepers believe sales of readymade garments will remain sluggish owing to high prices, during Ramazan, which is around the corner. A visit of various markets indicates that the shopkeepers are not optimistic about huge turnout of customers during Rama
Published 24 Jul, 2011 12:00am
Gold touches Rs 51,400 historic mark

Gold touches Rs 51,400 historic mark

Gold prices on Saturday touched the historic high of Rs 51, 400 per tola up by Rs 200 after the yellow metal gained $10 to $1,600 an ounce in the global market, traders said. Gold is now available for Rs 44,057 per 10 grams up by Rs 172 to Rs 43, 885 in t
Published 24 Jul, 2011 12:00am
FPO discusses issues pertaining to ombudsmen community

FPO discusses issues pertaining to ombudsmen community

Forum of Pakistan Ombudsmen (FPO) at a meeting discussed number of issues pertaining to the Ombudsmen community on Saturday. The meeting was held at the Federal Tax Ombudsmen, Regional Office Karachi.
Published 24 Jul, 2011 12:00am
Efforts being made to control violence in Karachi: Qaim

Efforts being made to control violence in Karachi: Qaim

The Sindh Chief Minister Sayed Qaim Ali Shah said that political and administrative efforts are in the way to control violence in Karachi. He said that Sindh Police and Rangers are doing their job satisfactorily and there is no need to call the Army in Ka
Published 24 Jul, 2011 12:00am
Sassui Palijo lays floral wreath on Lal Shahbaz mazar

Sassui Palijo lays floral wreath on Lal Shahbaz mazar

The Sindh Minister for Culture Ms Sassui Palijo has said that the terrorism is not only the regional but also an international threat which could solely be combated with the support of the masses and strengthening the international harmony.
Published 24 Jul, 2011 12:00am
Rising crime ratio causes panic among people

Rising crime ratio causes panic among people

Increasing incidents of car lifting, theft, drug pushing, robberies have caused panic among people living in Federal Capital while police claimed to continue its efforts to bring the crime graph to the lowest ebb.
Published 24 Jul, 2011 12:00am
Transfers, postings

Transfers, postings

The Punjab government on Saturday issued transfer and posting orders of some government officials. According to a notification, Fawad Hassan Fawad, Officer on Special Duty, Services and General Administration Department has been posted as Punjab Excise an
Published 24 Jul, 2011 12:00am
JCP in-camera meeting: PBC seeks access to proceedings

JCP in-camera meeting: PBC seeks access to proceedings

While appreciating the functioning of Judicial Commission of Pakistan (JCP), the Pakistan Bar Council (PBC) was of the opinion that there should be no bar on making its proceedings available, at least to the Council. The PBC sought access to the minutes o
Published 24 Jul, 2011 12:00am
Shahbaz opens Model bazaar

Shahbaz opens Model bazaar

Punjab Chief Minister Muhammad Shahbaz Sharif has said that the project of setting up model bazaars has been started for providing quality edible items at reasonable rates in a hygienic atmosphere for the first time in the history of the country. Six mode
Published 24 Jul, 2011 12:00am
Thousands protest against tax imposition on bricks

Thousands protest against tax imposition on bricks

Thousands of brick-kiln owners and labourers Saturday protested here and other parts of Punjab cities including Faisalabad, Sargodha and Burewala. All Pakistan Bhatta Association organised a protest demonstration at Naag Shah chowk Shershah Bypass Road in
Published 24 Jul, 2011 12:00am
Commodities higher as Greece secures new bailout

Commodities higher as Greece secures new bailout

Commodity prices were mostly higher this week after Greece secured a second bailout package, dampening concerns that the eurozone debt crisis would sap global demand for raw materials. Eurozone leaders and private creditors agreed on Thursday to give Gree
Published 24 Jul, 2011 12:00am
Thai sugar premiums tick lower; China seen buying

Thai sugar premiums tick lower; China seen buying

Thai sugar premiums inched down after recent rises in futures prices, but buying interest from China and tight prompt supply could offer support to the lethargic market, dealers said on Wednesday. Dealers, citing shipping reports, said raw sugar was being
Published 24 Jul, 2011 12:00am
India to dominate cotton market in 2011-12

India to dominate cotton market in 2011-12

Demand for cotton, which tumbled sharply after the market's record rally to over $2/lb this spring, and Indian cotton exports will dictate fibre prices in the 2011/12 season (August/July), the chief executive of the world's biggest cotton merchant said Fr
Published 24 Jul, 2011 12:00am
China 2011 cotton planting area seen up 5.5 percent

China 2011 cotton planting area seen up 5.5 percent

China's cotton planting area this year is expected to rise 5.5 percent from 2010, a tad higher than earlier estimated, the China Cotton Association said on Friday. Total cotton area in 2011 is estimated at 5.41 million tonnes, up slightly from the associa
Published 24 Jul, 2011 12:00am
Vietnamese rice prices firm, Thai prices held steady

Vietnamese rice prices firm, Thai prices held steady

The prospect of purchases by Indonesia later this year supported Vietnamese rice prices this week while prices in Thailand held steady at relatively high levels despite thin demand, propped up by speculation about intervention by the incoming government.
Published 24 Jul, 2011 12:00am
Philippines likely hit second quarter output forecast

Philippines likely hit second quarter output forecast

The Philippines may have hit a forecast 3.57 million tonnes unmilled rice harvest in the second quarter based on preliminary data, putting it on course to meet a target of a record full-year output of 17.46 million tonnes, a farm official said on Tuesday.
Published 24 Jul, 2011 12:00am
Speculators bullish on CBOT corn, soyabeans

Speculators bullish on CBOT corn, soyabeans

Large speculators raised their net long stake in Chicago Board of Trade soyabean and corn futures and options for the second week in a row as a heatwave descended upon the US Midwest, stressing the developing crops and casting a bullish spell on grain mar
Published 24 Jul, 2011 12:00am
Russian grain harvesting picking up

Russian grain harvesting picking up

Russia's grain crop was lower year-on-year as of July 20, due to delays caused by rains at the start of the harvesting period, but the gap was smaller than a week ago, Agriculture Ministry data showed on Friday. However, average grain yields had risen by
Published 24 Jul, 2011 12:00am
US gold gains one percent as debt worries persist

US gold gains one percent as debt worries persist

Gold rose about 1 percent on Friday, having neared its all-time peak as reservations over a bailout plan for Greece and concerns about a lack of agreement on the US debt ceiling spurred safe-haven buying. "Gold is drawing strength from the European bailou
Published 24 Jul, 2011 12:00am
Platinum, palladium will struggle for major gains

Platinum, palladium will struggle for major gains

The rise in platinum and palladium prices will slow this year and next, with palladium in particular struggling to replicate its stellar performance of recent years as the economic recovery remains stubbornly sluggish, a Reuters survey showed on Friday.
Published 24 Jul, 2011 12:00am
Traders see quick return of Ukraine wheat to Egypt

Traders see quick return of Ukraine wheat to Egypt

Egyptian state wheat buying agency GASC may allow Ukrainian wheat in its giant purchase tenders by the end of this month, traders said on Wednesday. "There are indications from GASC that a change is imminent, and there is a growing feeling in the market t
Published 24 Jul, 2011 12:00am
World market price for upland cotton

World market price for upland cotton

The US Agriculture Department set the prevailing world market price for upland cotton at 95.55 cents per lb, effective through July 28. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton. The next announcem
Published 24 Jul, 2011 12:00am
Bin Hammam handed lifetime ban by FIFA

Bin Hammam handed lifetime ban by FIFA

Asian football supremo Mohamed bin Hammam was on Saturday banned from the game for life after being found guilty of corruption following a two-day hearing of FIFA's ethics committee. The 62-year-old Qatari, the president of the Asian Football Confederatio
Published 24 Jul, 2011 12:00am
Pakistan hockey team improving, claims Sohail Abbas

Pakistan hockey team improving, claims Sohail Abbas

Pakistan's world record goal scorer Sohail Abbas said on Saturday that national team was improving under Dutch Van dan Michael and they will be in a good shape before London Olympics 2012. "Pakistan hockey team is showing improvement and heading in a righ
Published 24 Jul, 2011 12:00am
MTFA Futsal Tournament: Green Eyes beat Blue Eggs

MTFA Futsal Tournament: Green Eyes beat Blue Eggs

Six matches were decided in MTFA Futsal Tournament at picturesque Model Town Football Academy Ground, Lahore. Green Eyes edged out Blue Eggs 5-0 in high-scoring clash. The winners struck through all five-goals were scored by Shafay in the 3rd, 5th, 6th, 9
Published 24 Jul, 2011 12:00am
Schleck brothers set to make history

Schleck brothers set to make history

Luxembourg cycling siblings Andy and Frank Schleck are set to make history Sunday when they become the first brothers to finish on the same podium of the Tour de France. Cadel Evans will make history as Australia's first winner of the world's premier cycl
Published 24 Jul, 2011 12:00am
Asian Karate championship: Saadi Abbas wins gold medal

Asian Karate championship: Saadi Abbas wins gold medal

Pakistan's ace martial art player, Saadi Abbas put up a dazzling performance to win gold in his 67kgs bout of the 10th Asian Karate Championship in China. He defeated South Korean player Kim Ju Won in gold medal fight, said a message received here on Satu
Published 24 Jul, 2011 12:00am
Cricket U-19 academies to start on July 25

Cricket U-19 academies to start on July 25

With a view to hunting and grooming talent, Pakistan Cricket Board (PCB) is all set to hold five provincial academies for Under-19 cricket players in Abbottabad, Islamabad, Multan, Hyderabad and Karachi from July 25 to August 20. The players had already s
Published 24 Jul, 2011 12:00am
Harbhajan spoof ad pulled

Harbhajan spoof ad pulled

A controversial advertisement in which India captain Mahendra Singh Dhoni ridiculed team mate Harbhajan Singh has been yanked from the air, the alcohol company which ran the ad has said. Harbhajan's mother Avtar Kaur sent a legal notice to the Vijay Mally
Published 24 Jul, 2011 12:00am
Dravid's ton helps India avoid follow-on

Dravid's ton helps India avoid follow-on

Rahul Dravid ensured India avoided the follow-on in the first Test against dominant England at Lord's on Saturday with an unbeaten 103 after Sachin Tendulkar had again fallen cheaply at world cricket's headquarters. No other Indian batsman exceeded 50 as
Published 24 Jul, 2011 12:00am
China poised for historic diving sweep

China poised for historic diving sweep

China moved to within just one victory of a historic diving clean sweep Saturday, as US great Michael Phelps said he was determined to go out with a bang in his final year of swimming. With basketball icon Yao Ming watching from the stands, Wu Minxia clai
Published 24 Jul, 2011 12:00am
World Cup 2014 qualifying: China hammer magnificent seven past Laos

World Cup 2014 qualifying: China hammer magnificent seven past Laos

China smashed six second-half goals past Laos on Saturday for a 7-2 win to put one foot in the third round of Asian qualifying for the 2014 World Cup in Brazil. Lowly Laos gave the home team some nervy moments at Kunming's Tuodong Stadium when strikes fro
Published 24 Jul, 2011 12:00am
Uruguay skipper backs leniency for Paraguay

Uruguay skipper backs leniency for Paraguay

Uruguay skipper Diego Lugano on Friday praised Copa America organisers for electing not to suspend players from final rivals Paraguay for their role in a post semi-final flare-up with Venezuela. "It's well and good they are not to be suspended. I agree wi
Published 24 Jul, 2011 12:00am
Earnings, hope for US debt deal brighten Wall Street

Earnings, hope for US debt deal brighten Wall Street

Investors poured into tech shares on Friday as promising chipmaker earnings and optimism that a solution was on the horizon for the US debt stalemate triggered a move into growth-oriented shares. --- S&P advance 2.2pc, Dow 1.6pc and Nasdaq 2.5pc last week
Published 24 Jul, 2011 12:00am
Bargain-hunting emerges to help JGBs bounce off lows

Bargain-hunting emerges to help JGBs bounce off lows

Japanese government bond futures slipped on Friday as safe-haven demand eased after eurozone leaders agreed on a package to help Greece, but they trimmed losses as players bought on dips. Market participants said Japanese banks were among those buying, ad
Published 24 Jul, 2011 12:00am
Bargain-hunting emerges to help JGBs bounce off lows

Bargain-hunting emerges to help JGBs bounce off lows

Japanese government bond futures slipped on Friday as safe-haven demand eased after eurozone leaders agreed on a package to help Greece, but they trimmed losses as players bought on dips. Market participants said Japanese banks were among those buying, ad
Published 24 Jul, 2011 12:00am
US bond prices rise as debt ceiling deal seen near

US bond prices rise as debt ceiling deal seen near

US Treasury debt prices rose in light trading on Friday as investors prepared for the weekend by covering short positions and buying long bonds amid lower growth forecasts and uncertainty over US and European politics. Treasuries ended a volatile week wit
Published 24 Jul, 2011 12:00am
US bond prices rise as debt ceiling deal seen near

US bond prices rise as debt ceiling deal seen near

US Treasury debt prices rose in light trading on Friday as investors prepared for the weekend by covering short positions and buying long bonds amid lower growth forecasts and uncertainty over US and European politics. Treasuries ended a volatile week wit
Published 24 Jul, 2011 12:00am
Toronto stocks index hits near seven-week high

Toronto stocks index hits near seven-week high

Toronto's main stock index closed at its highest level in nearly seven weeks on Friday, as mining and energy company shares rallied on stronger commodity prices. The materials sector, home to influential gold and base metal miners, led the index with a 1.
Published 24 Jul, 2011 12:00am
Russia gold miner sees LSE listing in autumn

Russia gold miner sees LSE listing in autumn

Polyus Gold, near the end of a reverse takeover that will make it a British company, expects to obtain a premium listing on the London Stock Exchange by autumn, making it the biggest pure-play gold miner to do so, its chief executive said. "That will be a
Published 24 Jul, 2011 12:00am
Greek deal seen easing Italian bond sales

Greek deal seen easing Italian bond sales

Italy is set to benefit from improved sentiment towards lower-rated euro zone issuers when it sells bonds next week into a market buoyed by a sweeping new deal to rescue Greece and ease broader contagion fears. The long-awaited second rescue package for G
Published 24 Jul, 2011 12:00am
Greek deal seen easing Italian bond sales

Greek deal seen easing Italian bond sales

Italy is set to benefit from improved sentiment towards lower-rated euro zone issuers when it sells bonds next week into a market buoyed by a sweeping new deal to rescue Greece and ease broader contagion fears. The long-awaited second rescue package for G
Published 24 Jul, 2011 12:00am
Bond market to punish polluters after BP, Fukushima

Bond market to punish polluters after BP, Fukushima

Bond markets are poised to punish polluting companies in the aftermath of the Macondo oil spill and Fukushima nuclear crisis, said the head of Deutsche Asset Management, which manages 540 billion euros ($776 billion) in assets. "The process of re-pricing
Published 24 Jul, 2011 12:00am
Bond market to punish polluters after BP, Fukushima

Bond market to punish polluters after BP, Fukushima

Bond markets are poised to punish polluting companies in the aftermath of the Macondo oil spill and Fukushima nuclear crisis, said the head of Deutsche Asset Management, which manages 540 billion euros ($776 billion) in assets. "The process of re-pricing
Published 24 Jul, 2011 12:00am
Spain's Bankia float defies odds in market storm

Spain's Bankia float defies odds in market storm

Bankia knew it had to address the Greek issue head on as it tried to convince investors to buy billions of euros worth of shares in the midst of Europe's sovereign debt storm. Fortunately for the Spanish savings bank, it was able to distance itself from t
Published 24 Jul, 2011 12:00am
Mexican stock index revamp won't solve liquidity woes

Mexican stock index revamp won't solve liquidity woes

Mexico has fallen well behind its rival Brazil in attracting equity investors and not even a plan to rejig its benchmark index is expected to add much-needed liquidity to the stock market. Mexico's stock exchange will tweak its IPC index from September 1
Published 24 Jul, 2011 12:00am
Indian bond yields up

Indian bond yields up

Indian federal bond yields rose on Friday as the EU leaders' draft rescue package for Greece eased worries of a default and spurred investors to buy riskier assets, while higher crude oil prices also dented sentiment for safe-haven government debt. The 10
Published 24 Jul, 2011 12:00am
Indian bond yields up

Indian bond yields up

Indian federal bond yields rose on Friday as the EU leaders' draft rescue package for Greece eased worries of a default and spurred investors to buy riskier assets, while higher crude oil prices also dented sentiment for safe-haven government debt. The 10
Published 24 Jul, 2011 12:00am
Dollar may fall as US debt ceiling deadline nears

Dollar may fall as US debt ceiling deadline nears

The US dollar may fall next week on concern the United States may lose its top-notch credit rating with politicians nowhere close to reaching an agreement on lifting the US debt ceiling as an August 2 deadline looms. Fears of a full-blown eurozone debt cr
Published 24 Jul, 2011 12:00am
African currencies outlook

African currencies outlook

Nigeria's naira is seen extending gains against the dollar in the coming week mainly due to dollar inflows from the energy sector, while greater offshore interest in Kenya's bond market might support the shilling.
Published 24 Jul, 2011 12:00am
Canadian dollar retreats from 3-1/2 year high

Canadian dollar retreats from 3-1/2 year high

Canada's dollar finished lower against the greenback on Friday after Canadian inflation data for June came in surprisingly tamely, trimming expectations that interest rates will rise later this year. Canadian inflation slowed to 3.1 percent in June from a
Published 24 Jul, 2011 12:00am
Speculators cut bets against dollar

Speculators cut bets against dollar

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 slightly to $14 billion in the week ended Jul
Published 24 Jul, 2011 12:00am
Rains bring relief to Argentine wheat

Rains bring relief to Argentine wheat

Rains brought much-needed moisture to Argentine wheat growing areas this week, the government said in its weekly crop report on Friday. Argentina, a leading wheat grower, exports most of its crop to neighbouring Brazil. Dry weather was stressing young pla
Published 24 Jul, 2011 12:00am
US corn export premiums flat at Gulf Coast

US corn export premiums flat at Gulf Coast

US corn export premiums at the Gulf Coast were flat on Friday and lower in the week on sluggish export demand, traders said. High corn prices and strong competition from alternative feed grains such as feed wheat kept a lid on demand for US corn, traders
Published 24 Jul, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 122,427 tonnes of cargo including 101,585 tonnes of import cargo, 20,842 tonnes of export cargo and 4,778 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 101,585 tonnes com
Published 24 Jul, 2011 12:00am
Yarn buyers waiting for further lower prices

Yarn buyers waiting for further lower prices

Yarn Market Faisalabad continually down due to downfall of cotton rate on world-wide market. The cotton yarn prices were heavily falling; carded yarn prices were less declining while yarn buyers preferring waiting for lower prices. Yarn prices on the dome
Published 24 Jul, 2011 12:00am
US Plains HRW wheat bids mostly steady

US Plains HRW wheat bids mostly steady

Hard red winter wheat basis bids were mostly steady Friday amid stalled farmer sales, dealers said. Bids in Goodland slipped by 5 cents as harvest in the area picked up pace, a dealer said. Bids in Hutchinson improved by 5 cents in an effort to entice pro
Published 24 Jul, 2011 12:00am
Prices resist further decline as buying improves on cotton market

Prices resist further decline as buying improves on cotton market

Hectic trading activity was seen on the cotton market on Saturday as mills and spinners made purchasing on expectations of improvement in the rates in the coming days, dealers said The Karachi Cotton Association (KCA) official spot rate stayed put at Rs 5
Published 24 Jul, 2011 12:00am
Oil cake market rates

Oil cake market rates

Falling trend was seen on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The July contract that had closed at 1427.10 opened with a fall of 50 paisa at s 1426.60. The next December vaida which ended at Rs 1316.20 co
Published 24 Jul, 2011 12:00am
Wheat prices up, Irri 6's down on grain market

Wheat prices up, Irri 6's down on grain market

Wheat prices were higher on the wholesale grain market on Saturday in process of trading, dealers said. On the cereal side, wheat old and new bardan both went up by Rs 40 to Rs 2580-2595, makai, however, fell due to good supply position, low type was down
Published 24 Jul, 2011 12:00am
Obama, lawmakers seek to salvage US debt deal

Obama, lawmakers seek to salvage US debt deal

US President Barack Obama and top congressional lawmakers on Saturday attempted to salvage a deal to avoid a catastrophic debt default after a collapse in deficit talks left both sides angry and frustrated. Obama, a Democrat, House of Representatives Spea
Published 24 Jul, 2011 12:00am
Congress working on new debt legislation: McConnell

Congress working on new debt legislation: McConnell

Senate Republican leader Mitch McConnell said on Saturday congressional leaders were working on fresh legislation to prevent the United States defaulting on its debt. "The bipartisan leadership in Congress is committed to working on new legislation that w
Published 24 Jul, 2011 12:00am
Short-term US debt plan not being considered: Pelosi

Short-term US debt plan not being considered: Pelosi

US President Barack Obama and congressional leaders are "definitely not" considering a short-term debt limit increase in their weekend negotiations to break an impasse, House of Representatives Democratic leader Nancy Pelosi told reporters on Saturday.
Published 24 Jul, 2011 12:00am
McDonald's profit rises

McDonald's profit rises

McDonald's Corp reported a higher-than-expected quarterly profit on Friday as low prices brought in strong sales in Europe and the United States. The company's share price rose 3.1 percent. June sales at restaurants open at least 13 months were far strong
Published 24 Jul, 2011 12:00am
McDonald's profit rises

McDonald's profit rises

McDonald's Corp reported a higher-than-expected quarterly profit on Friday as low prices brought in strong sales in Europe and the United States. The company's share price rose 3.1 percent. June sales at restaurants open at least 13 months were far strong
Published 24 Jul, 2011 12:00am
Petrobras holds capex at $224.7 billion

Petrobras holds capex at $224.7 billion

Brazilian state-run oil company Petrobras will earmark more money for exploration and production in its five-year investment plan, signalling a shift toward the more profitable activities that investors have called for. The Rio de Janeiro-based company ap
Published 24 Jul, 2011 12:00am
Petrobras holds capex at $224.7 billion

Petrobras holds capex at $224.7 billion

Brazilian state-run oil company Petrobras will earmark more money for exploration and production in its five-year investment plan, signalling a shift toward the more profitable activities that investors have called for. The Rio de Janeiro-based company ap
Published 24 Jul, 2011 12:00am
Credit card hacker gets 10 years

Credit card hacker gets 10 years

Rogelio Hackett, who stole more than half a million credit card numbers used to rack up nearly $40 million in illicit debt, was sentenced Friday to 10 years in prison and fined $100,000. Hackett, 25, pleaded guilty in April to trafficking in counterfeit c
Published 24 Jul, 2011 12:00am
China hails new Greek debt deal

China hails new Greek debt deal

China on Saturday welcomed the new bailout plan for the troubled Greek economy as a solid step forward in addressing the eurozone's sovereign debt problem. "This will help in promoting a resolution of the eurozone sovereign debt issues, maintaining financ
Published 24 Jul, 2011 12:00am
Iraq starts 37,000 bpd output at al-Ahdab

Iraq starts 37,000 bpd output at al-Ahdab

Iraq started production on Saturday in the first phase of its CNPC-operated al-Ahdab oilfield at 37,000 barrels per day, the country's oil minister said. Al-Ahdab was the first major oilfield development contract awarded by the Iraqi government after the
Published 24 Jul, 2011 12:00am
US wastes $34 billion in Afghan, Iraq contracting

US wastes $34 billion in Afghan, Iraq contracting

The United States has wasted some $34 billion on service contracts with the private sector in the wars in Iraq and Afghanistan, according to a study being finalised for Congress. The findings by a bipartisan congressional commission were confirmed to Reut
Published 24 Jul, 2011 12:00am
US regulators close three small banks

US regulators close three small banks

US regulators closed three banks on Friday, bringing the total number of foreclosures this year to 58. In Florida, American Momentum Bank, in Tampa, acquired the banking operations including all deposits of Southshore Community Bank in Apollo Beach and La
Published 24 Jul, 2011 12:00am
India closer to opening up multi-brand retailers

India closer to opening up multi-brand retailers

India took an important step towards opening up its $450 billion retail sector to foreign players such as US-based Wal-Mart, a move seen aimed at tackling supply bottlenecks and high food price inflation.
Published 24 Jul, 2011 12:00am
Iran remains Opec second-largest producer

Iran remains Opec second-largest producer

Iran retains its position as the second-largest producer in Opec despite the group's report that Nigeria has now obtained the rank, the students news agency ISNA quoted the country's Opec governor Mohammad Ali Khatibi as saying on Saturday. The Organisati
Published 24 Jul, 2011 12:00am
Greek deal won't mean austerity for France: finance minister

Greek deal won't mean austerity for France: finance minister

France will not need to introduce austerity measures in response to increased debt exposure from the euro zone's new rescue plan for Greece, its finance minister said on Saturday. Francois Baroin said in an interview with French daily Le Monde that the go
Published 24 Jul, 2011 12:00am
Suzuki eyes closer cooperation with Fiat

Suzuki eyes closer cooperation with Fiat

Suzuki Motor Corp could deepen its co-operation with Fiat amidst a rift with German partner Volkswagen, a German magazine reported on Saturday. "The co-operation with Fiat has been working well for years. It is easy to imagine that deepening the partnersh
Published 24 Jul, 2011 12:00am
South Korean GNI per head to be $30,000 by 2014

South Korean GNI per head to be $30,000 by 2014

South Korea's finance minister forecast on Saturday the country's gross national income (GNI) will reach $30,000 per capita by 2014 and $40,000 by 2018, Yonhap news agency reported. "Our country's gross national income may exceed $30,000 in the first quar
Published 24 Jul, 2011 12:00am
Greek solution must be isolated case: Bini Smaghi

Greek solution must be isolated case: Bini Smaghi

The eurozone's strategy for tackling Greece's debt crisis comes at a price and should remain an isolated case, ECB Executive Board member Lorenzo Bini Smaghi was cited as saying in a German paper. Bini Smaghi echoed critical comments by fellow ECB policym
Published 24 Jul, 2011 12:00am
Revived US automakers, union to open contract talks

Revived US automakers, union to open contract talks

Detroit's three big automakers head into contract talks with the United Auto Workers next week with an uncertain economy and limited prospects for gains for the union's 100,000 workers. People familiar with thinking inside General Motors, Ford and Chrysle
Published 24 Jul, 2011 12:00am
Porsche wants to double unit sales by 2018

Porsche wants to double unit sales by 2018

German sportscar maker Porsche wants to double the number of vehicles it sells by 2018, Chief Executive Matthias Mueller told a Swiss paper. "We want to more than double our sales figures by 2018 to around 200,000 vehicles," he said in an interview publis
Published 24 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 24 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 24 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 23, 2011).

Published 24 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 23, 2011).

Published 24 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 23, 2011).

Published 24 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 23, 2011).

Published 24 Jul, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (July 23, 2011).
Published 24 Jul, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (July 23, 2011).

Published 24 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 23, 2011).

Published 24 Jul, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (July 23, 2011).

Published 24 Jul, 2011 12:00am
THE RUPEE: dollar gains

THE RUPEE: dollar gains

Persisting demand for dollars, in process of trading pushed the rupee lower on the currency market at the week-end, dealers said. The rupee shed four paisa in relation to the greenback for buying and selling at 86.18 and 86.20, they said.
Published 24 Jul, 2011 12:00am
THE RUPEE: dollar gains

THE RUPEE: dollar gains

Persisting demand for dollars, in process of trading pushed the rupee lower on the currency market at the week-end, dealers said. The rupee shed four paisa in relation to the greenback for buying and selling at 86.18 and 86.20, they said.
Published 24 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (July 23, 2011).

Published 24 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (July 23, 2011).

Published 24 Jul, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 23, 2011).

Published 24 Jul, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 23, 2011).

Published 24 Jul, 2011 12:00am
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