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Archive - 2011-07-31
HSBC heads for $11bn profit
Financial

HSBC heads for $11bn profit

LONDON : HSBC Holdings Plc should unveil a half-year profit of near $11 billion on Monday, flat from a year earlier as w
Published 31 Jul, 2011 05:15pm
Abu Dhabi's UNB rises
Financial

Abu Dhabi's UNB rises

DUBAI: Union National Bank (UNB) helped limit losses on Abu Dhabi's index on Sunday after posting a 23 percent net profi
Published 31 Jul, 2011 03:33pm
England 254-3 against India
Cricket

England 254-3 against India

NOTTINGHAM : England were 254 for three in their second innings against India, a lead of 187 runs, at tea on the third
Published 31 Jul, 2011 03:20pm
England 130-2 against India
Cricket

England 130-2 against India

NOTTINGHAM : England were 130 for two in their second innings against India, a lead of 63 runs, at lunch on the third d
Published 31 Jul, 2011 12:09pm
Pakistan restricts US diplomats' travel
Top News

Pakistan restricts US diplomats' travel

ISLAMABAD : Pakistan has imposed new travel restrictions on US diplomats living in the country, a source told AFP Sunday
Published 31 Jul, 2011 09:06am
EPL chief says club money woes 'inevitable'

EPL chief says club money woes 'inevitable'

The head of the Premier League says it is "inevitable" football clubs will get into financial trouble, after a British parliamentary report demanded changes to the way the game is run. The report by an influential committee of lawmakers said clubs "spend
Published 31 Jul, 2011 12:00am
Careless Arsenal waste two-goal lead against Boca

Careless Arsenal waste two-goal lead against Boca

Arsenal showed some familiar defensive flaws as the Gunners had to settle for a 2-2 draw against Boca Juniors after squandering a two-goal lead in the Emirates Cup on Saturday. Arsene Wenger's side have paid the price for costly mistakes in defence time a
Published 31 Jul, 2011 12:00am
Vettel storms back to take Hungary pole

Vettel storms back to take Hungary pole

Formula One champion Sebastian Vettel roared back to form with pole position at the Hungarian Grand Prix on Saturday after his Red Bull mechanics worked through the night to get his car up to speed. The German had failed to win the last two races but made
Published 31 Jul, 2011 12:00am
Phelps wins as 'Missile' explodes in China

Phelps wins as 'Missile' explodes in China

Michael Phelps eased his world championships heartache with a 100m butterfly win Saturday as 16-year-old Missy "Missile" Franklin exploded onto the scene with another two gold medals in Shanghai. Drug-row Brazilian Cesar Cielo earned his second sprint tit
Published 31 Jul, 2011 12:00am
Business Recorder lift KPC Cricket Cup

Business Recorder lift KPC Cricket Cup

Business Recorder won the Karachi Press Club Cup Cricket Tournament 2011 after beating Foreign Media, here on Saturday. Sindh Advisor for Sports Aleem Adil Shaikh was the chief guest. BR team remained unbeatable throughout the tournament played on
Published 31 Jul, 2011 12:00am
Serena cruises past Sharapova

Serena cruises past Sharapova

Serena Williams shrugged off her unseeded status and delivered a dominating 6-1, 6-3 victory over second-seeded Maria Sharapova to reach the semi-finals of the WTA Stanford tournament. Williams, a 13-time Grand Slam champion who is unseeded thanks to a ra
Published 31 Jul, 2011 12:00am
Indian police arrest two Singaporean firm officials

Indian police arrest two Singaporean firm officials

Indian police have arrested two top officials of Singapore-based online survey company Speak Asia in Mumbai for allegedly duping investors of $294 million, reports said Saturday. Police identified those arrested as Tarak Bajpai, Speak Asia's chief operati
Published 31 Jul, 2011 12:00am
Egypt gas pipeline to Israel attacked again

Egypt gas pipeline to Israel attacked again

Egypt's gas pipeline to Israel was attacked Saturday, as witnesses said they heard heavy gunfire at the gas station that was destroyed in an attack earlier this month. Witnesses said the station had not been repaired since the blast earlier in July. The g
Published 31 Jul, 2011 12:00am
Iran resumes gas exports to Turkey after blast

Iran resumes gas exports to Turkey after blast

The flow of Iranian gas is to resume to neighbouring Turkey on Saturday a day after a pipeline explosion, a spokesman for the national gas company was quoted by the Fars news agency as saying. "This pipeline is going through the final stages of repair and
Published 31 Jul, 2011 12:00am
Over 40 dead in south Yemen violence

Over 40 dead in south Yemen violence

At least 42 people have died in violence near Yemen's southern city of Zinjibar, most of which has fallen under the control of suspected al Qaeda militants, military and local sources said on Saturday. Eleven people including top officers were killed in f
Published 31 Jul, 2011 12:00am
Maliki wins approval to trim government

Maliki wins approval to trim government

Prime Minister Nuri al-Maliki won parliamentary approval on Saturday to trim the size of Iraq's government by cutting more than 10 ministries in an effort to meet popular demands for more efficiency and better basic services.
Published 31 Jul, 2011 12:00am
Strong quake shakes Japan's Fukushima

Strong quake shakes Japan's Fukushima

A strong 6.4-magnitude earthquake shook north-east Japan's Fukushima prefecture, home to a crippled nuclear power plant, early Sunday, but there was no risk of tsunami, seismologists said. Local police said they had no immediate reports of casualties or m
Published 31 Jul, 2011 12:00am
Syria crackdown on protests claims 20 lives

Syria crackdown on protests claims 20 lives

Syrian security forces killed at least 20 people and wounded 35 others on Friday as hundreds of thousands of demonstrators turned out for anti-regime protests, activists said. The deaths were reported on Saturday by two Syrian human rights organisations,
Published 31 Jul, 2011 12:00am
Iraq to buy 36 F-16 fighters from US

Iraq to buy 36 F-16 fighters from US

Iraqi Prime Minister Nuri al-Maliki said on Saturday his government would buy 36 F-16 fighters from the United States, doubling the number it had initially planned to purchase to strengthen its weak air defences. The announcement of the deal came as Iraq
Published 31 Jul, 2011 12:00am
Turkey's Gul says no crisis as top generals quit

Turkey's Gul says no crisis as top generals quit

President Abdullah Gul denied on Saturday that Turkey faced a crisis after the resignation of the country's four most senior military commanders, but acknowledged this had created an "extraordinary" situation. The departure of the generals has caused turm
Published 31 Jul, 2011 12:00am
Blackout freezes Australia's biggest airport

Blackout freezes Australia's biggest airport

The travel plans of thousands of Australians were disrupted Saturday by a power outage at Sydney's international airport. Australia's busiest air terminal was blacked out for an hour and a half, crippling security screening and check-in and delaying "thou
Published 31 Jul, 2011 12:00am
Zara and rugby star marry in UK's second royal wedding

Zara and rugby star marry in UK's second royal wedding

Queen Elizabeth II's eldest granddaughter Zara Phillips married England rugby star Mike Tindall on Saturday, in a low-key event far removed from the spectacle of this year's other British royal wedding. The couple, both world-beating sports stars, wed in
Published 31 Jul, 2011 12:00am
Iraq less safe than a year ago: US watchdog

Iraq less safe than a year ago: US watchdog

Iraq is a less safe place than it was one year ago as security deteriorates, an American watchdog warned on Saturday, just months ahead of a US withdrawal from the country. The assessment by Stuart Bowen, the Special Inspector General for Iraq Reconstruct
Published 31 Jul, 2011 12:00am
Floods wash: North Korean landmines into South Korea

Floods wash: North Korean landmines into South Korea

North Korean landmine parts apparently churned up by torrential rains have washed up across the border in South Korea, prompting a search for more weapons, the defence ministry said Saturday. The wooden shells of two North Korean landmines were found Thur
Published 31 Jul, 2011 12:00am
World's top rice exporters see record sales this year

World's top rice exporters see record sales this year

The world's top two rice exporters, Thailand and Vietnam, are aiming for record exports this year due to strong demand that will allow them to sell bumper crops at good prices, exporters said. Thailand, the biggest exporter, expected to ship more than 10
Published 31 Jul, 2011 12:00am
Vietnam rice export prices up on Indonesia deal

Vietnam rice export prices up on Indonesia deal

Vietnamese rice export prices have risen as much as 3 percent in the past week after news that Vietnam had struck a deal to sell 500,000 tonnes to Indonesia, traders said on Wednesday. The rise in prices since the news broke last Friday has made it diffic
Published 31 Jul, 2011 12:00am
Central America coffee farmers cut out the middleman

Central America coffee farmers cut out the middleman

Costa Rican coffee farmer Susana Trejos has seen nearby plantations disappear with the boom-and-bust cycle of coffee prices. Her family's survival plan is to transform coffee from a common cup-of-joe into a high-end product like fine wine.
Published 31 Jul, 2011 12:00am
Philippines offers more raw sugar, Japan seen buying

Philippines offers more raw sugar, Japan seen buying

The Philippines is offering more J-spec raw sugar to potential buyers in Asia at premiums slightly below or on par with the Thai variety, but no fresh deals have been reported, dealers said on Friday. Philippines sugar producers can export as much as 200,
Published 31 Jul, 2011 12:00am
Australia 2011 sugar crush gathers pace, nearly 25 percent done

Australia 2011 sugar crush gathers pace, nearly 25 percent done

Australia's 2011 sugar crush is starting to gather pace with nearly a quarter of the crop now harvested, industry officials said on Wednesday. Australia is the world's third largest sugar exporter and is likely to harvest around 30 million tonnes of cane,
Published 31 Jul, 2011 12:00am
Iraq sees wheat output at 2.2 million tonnes

Iraq sees wheat output at 2.2 million tonnes

Iraq expects its wheat production to reach 2.2 million tonnes this year and rise to around 3 million in 2012 thanks to improved irrigation, an agriculture ministry official said on Monday. Deputy Agriculture Minister Ghazi al-Abboudi's comments contradict
Published 31 Jul, 2011 12:00am
China to auction 200,000 tonnes of white sugar

China to auction 200,000 tonnes of white sugar

China will sell 200,000 tonnes of white sugar from state reserves next week to help cover a supply deficit and cool soaring domestic prices, according to a statement by the National Development and Reform Commission seen on Friday. The sale on August 5 is
Published 31 Jul, 2011 12:00am
Asian sugar: Thai premium under attack; high futures weigh

Asian sugar: Thai premium under attack; high futures weigh

Thai sugar premiums for nearby shipments were stuck in a range on soaring futures and competition from the Philippines, while steady sales of next year's crop suggested that Thailand has plenty of sweetener to offer, dealers said on Thursday.
Published 31 Jul, 2011 12:00am
Australia cotton output seen at record high in 2011-12

Australia cotton output seen at record high in 2011-12

Australia, the world's third largest cotton exporter, could produce a record crop for the second straight year in 2011/12 as high global prices and ample water supplies encourage crop planting, National Australia Bank (NAB) said on Friday.
Published 31 Jul, 2011 12:00am
Mexican peso slumps on US GDP, Brazil rebounds

Mexican peso slumps on US GDP, Brazil rebounds

Mexico's peso slumped on Friday on surprisingly weak US growth data, while Brazil's real rebounded after tumbling this week on new capital controls and there threat of more intervention Data showed the US economy came perilously close to flat-lining in th
Published 31 Jul, 2011 12:00am
Dollar may bounce on US downgrade but destiny is dark

Dollar may bounce on US downgrade but destiny is dark

Lawmakers were still unable to reach an agreement on the US debt ceiling on Friday, but there is no arguing that the dollar's safe-haven appeal should remain trumped by the Swiss franc and Japanese yen. The dollar on Friday hit a record low against the Sw
Published 31 Jul, 2011 12:00am
Euro swaps market shows US dollar funding stress

Euro swaps market shows US dollar funding stress

The cost of raising US dollar funds in the European currency swap market surged on Friday, suggesting increased demand for the greenback and heightened funding stress related to debt concerns in both the United States and euro zone.
Published 31 Jul, 2011 12:00am
Speculators boost dollar shorts in latest week

Speculators boost dollar shorts in latest week

Currency speculators increased bets against the US dollar in the latest week as an August 2 deadline looms to raise the country's debt limit, according to data from the Commodity Futures Trading Commission released on Friday.
Published 31 Jul, 2011 12:00am
Forex market outlook and key levels

Forex market outlook and key levels

Following is a selection of comments from analysts on important technical developments in the foreign exchange market.
Published 31 Jul, 2011 12:00am
China approves Sinohydro $2.5 billion IPO plan

China approves Sinohydro $2.5 billion IPO plan

China's securities regulator on Friday approved a plan by Sinohydro Group Ltd, the builder of the Three Gorges dam, to raise more than $2.5 billion in what could be mainland China's biggest initial public offering this year.
Published 31 Jul, 2011 12:00am
Russian shoe retailer Centrobuv eyes Hong Kong IPO

Russian shoe retailer Centrobuv eyes Hong Kong IPO

Russian shoe retailer Centrobuv is planning a Hong Kong initial public offering (IPO), a source familiar with the matter told Reuters on Friday, a deal reported to raise around $800 million. The size and timing of the IPO were not finalised, the source sa
Published 31 Jul, 2011 12:00am
Russian shoe retailer Centrobuv eyes Hong Kong IPO

Russian shoe retailer Centrobuv eyes Hong Kong IPO

Russian shoe retailer Centrobuv is planning a Hong Kong initial public offering (IPO), a source familiar with the matter told Reuters on Friday, a deal reported to raise around $800 million. The size and timing of the IPO were not finalised, the source sa
Published 31 Jul, 2011 12:00am
US bonds soar on supply and recession worries

US bonds soar on supply and recession worries

US Treasury debt prices soared on Friday on fears a US default could trigger a shortage of Treasuries and even push the world's largest economy back into recession. The buying started with data showing the economy grew at an even slower pace in the first
Published 31 Jul, 2011 12:00am
US bonds soar on supply and recession worries

US bonds soar on supply and recession worries

US Treasury debt prices soared on Friday on fears a US default could trigger a shortage of Treasuries and even push the world's largest economy back into recession. The buying started with data showing the economy grew at an even slower pace in the first
Published 31 Jul, 2011 12:00am
Latam stocks edge up at end of tough month

Latam stocks edge up at end of tough month

Latin American stocks edged up in volatile trade on Friday as stalled US debt talks and weaker-than-expected US growth ended a month where Brazil posted its worst run in more than a year. The MSCI Latin America stock index rose 0.36 percent, but regional
Published 31 Jul, 2011 12:00am
Sri Lankan bourse at three-week high

Sri Lankan bourse at three-week high

Sri Lanka's bourse jumped 2.9 percent on Friday to a three-week high on high turnover and volumes, sparked by hopes of good quarterly earnings and rumours the Securities and Exchange Commission (SEC) may roll back plans to end margin trading.
Published 31 Jul, 2011 12:00am
Turkish lira, bonds weaken

Turkish lira, bonds weaken

The Turkish lira weakened and bond yields rose in the OTC market late on Friday after news channels reported that the head of the Turkish armed forces had resigned, along with the heads of the ground, naval and air forces. The lira weakened as low as to 1
Published 31 Jul, 2011 12:00am
Turkish lira, bonds weaken

Turkish lira, bonds weaken

The Turkish lira weakened and bond yields rose in the OTC market late on Friday after news channels reported that the head of the Turkish armed forces had resigned, along with the heads of the ground, naval and air forces. The lira weakened as low as to 1
Published 31 Jul, 2011 12:00am
Toronto's main index dives

Toronto's main index dives

Toronto's main stock index closed sharply lower on Friday, though off the one-month low it hit earlier in the day, as weak economic data and the US debt crisis pushed investors to the safety of the sidelines. The materials sector posted the biggest drop,
Published 31 Jul, 2011 12:00am
JGBs mostly lower

JGBs mostly lower

Japanese government bonds were mostly lower on Friday, with investors trimming long positions built up in this week's rally as they bet that Washington is likely to agree a deal to raise the US government debt ceiling and avoid default.
Published 31 Jul, 2011 12:00am
JGBs mostly lower

JGBs mostly lower

Japanese government bonds were mostly lower on Friday, with investors trimming long positions built up in this week's rally as they bet that Washington is likely to agree a deal to raise the US government debt ceiling and avoid default.
Published 31 Jul, 2011 12:00am
L&T Finance $280 million IPO covered 5.2 times on last day

L&T Finance $280 million IPO covered 5.2 times on last day

India's L&T Finance Holdings' 12.45 billion rupee ($280 million) initial public offering was covered 5.2 times on the last day for bids, holding out hope for a long list of share-sale aspirants, amid a weak equity market. Most bids came at the top of the
Published 31 Jul, 2011 12:00am
ADR Report: overseas stocks flat, waiting for Washington

ADR Report: overseas stocks flat, waiting for Washington

US-listed shares of European banks slipped on Friday, with financials still under pressure from the uncertainty over US debt talks and the eurozone's own sovereign debt worries. Shares of overseas companies were mostly flat, however, in a day of choppy tr
Published 31 Jul, 2011 12:00am
Indian bond yields ease

Indian bond yields ease

Indian federal bond yields ended lower on Friday after the cut-off for the benchmark bond yield came below market expectations, and eurozone concerns fuelled demand for safe haven debt. "The market was expecting higher yields. The cut-off for the 7.80 per
Published 31 Jul, 2011 12:00am
Indian bond yields ease

Indian bond yields ease

Indian federal bond yields ended lower on Friday after the cut-off for the benchmark bond yield came below market expectations, and eurozone concerns fuelled demand for safe haven debt. "The market was expecting higher yields. The cut-off for the 7.80 per
Published 31 Jul, 2011 12:00am
Gates sells: 5 million shares of Microsoft

Gates sells: 5 million shares of Microsoft

Microsoft co-founder Bill Gates has sold five million shares in the US software giant, less than one percent of his holdings, according to a filing with the Securities and Exchange Commission. Gates, Microsoft's chairman, sold the shares on Wednesday at p
Published 31 Jul, 2011 12:00am
Bulgaria unblocks state jet fuel reserves

Bulgaria unblocks state jet fuel reserves

Bulgaria will release 1,800 tonnes of jet fuel from its state reserves to help the country's Black Sea airports after their supplier, oil refinery LUKOIL Neftochim, was forced to stop sales, the economy and energy minister said on Saturday.
Published 31 Jul, 2011 12:00am
Pay strike by Air Zimbabwe pilots strands passengers

Pay strike by Air Zimbabwe pilots strands passengers

A strike by Air Zimbabwe pilots in support for demands for payment of outstanding allowances and salaries left travellers stranded for the second day running on Saturday. The bankrupt airline has suspended all its flights from Harare International Airport
Published 31 Jul, 2011 12:00am
Chavez wants higher Opec quota for Venezuela

Chavez wants higher Opec quota for Venezuela

Venezuela's President Hugo Chavez urged the Opec producer group on Friday to raise its quota for the South American nation given its vast reserves in the Orinoco heavy crude belt. Venezuela's quota is around 3 million barrels per day, but it aspires to pr
Published 31 Jul, 2011 12:00am
Brazil posts record primary surplus

Brazil posts record primary surplus

Brazil continued to improve its public accounts in June as higher tax income generated the largest primary budget surplus on record for the month and helped offset rising debt costs. The consolidated public sector primary budget surplus surged to 13.37 bi
Published 31 Jul, 2011 12:00am
Police clear 'indignants' from Athens central square

Police clear 'indignants' from Athens central square

Police and city employees Saturday cleared anti-government protestors known as "indignants" from the central Athens square they had occupied for more than two months, an AFP reporter witnessed. "Various objects that polluted and downgraded the environment
Published 31 Jul, 2011 12:00am
Former SAC manager gets 2-1/2 years in insider case

Former SAC manager gets 2-1/2 years in insider case

A former portfolio manager at billionaire Steven A. Cohen's hedge fund was sentenced on Friday to 2-1/2 years in prison, after pleading guilty to insider trading in chipmaker Marvell Technology Group Ltd. Donald Longueuil, a former SAC Capital Advisors LP
Published 31 Jul, 2011 12:00am
Marco Polo Seatrade files for Chapter 11

Marco Polo Seatrade files for Chapter 11

Marco Polo Seatrade BV, a ship owning company, said it filed a petition for protection from creditors under Chapter 11 in the US bankruptcy court of Manhattan. The company listed both assets and liabilities in the $100 million to $500 million range.
Published 31 Jul, 2011 12:00am
India offers farmers more cash for land sales

India offers farmers more cash for land sales

Indian farmers could get six times more cash for their land under a new land acquisition bill aimed at accelerating industrial development in Asia's third-largest economy. The bill is seen as key to defusing longstanding tensions over land purchases, a po
Published 31 Jul, 2011 12:00am
BoA loses bid to dismiss fraud claims

BoA loses bid to dismiss fraud claims

Bank of America and two former executives lost a bid on Friday to dismiss securities fraud claims alleging they misled investors about the bank's 2008 acquisition of Merrill Lynch & Co US District Court Judge P. Kevin Castel ruled that plaintiffs could co
Published 31 Jul, 2011 12:00am
Chile mine chaos deepens as Collahuasi joins Escondida

Chile mine chaos deepens as Collahuasi joins Escondida

Workers at the world's No 3 copper mine, Chile's Collahuasi, put down their tools over unmet labour demands on Saturday, compounding worker unrest as a strike at top global copper mine Escondida entered a ninth day. Workers at Collahuasi voted to strike f
Published 31 Jul, 2011 12:00am
Billionaire Wilbur Ross downplays US downgrade threat

Billionaire Wilbur Ross downplays US downgrade threat

A downgrade of US sovereign debt would not necessarily have a big impact on financial markets, billionaire investor Wilbur Ross said. Entrenched differences were hampering a compromise between Republicans and Democrats on Saturday to head off a ruinous US
Published 31 Jul, 2011 12:00am
Billionaire Wilbur Ross downplays US downgrade threat

Billionaire Wilbur Ross downplays US downgrade threat

A downgrade of US sovereign debt would not necessarily have a big impact on financial markets, billionaire investor Wilbur Ross said. Entrenched differences were hampering a compromise between Republicans and Democrats on Saturday to head off a ruinous US
Published 31 Jul, 2011 12:00am
US rating depends on economy, deficit cuts: Moody's

US rating depends on economy, deficit cuts: Moody's

Moody's Investors Service will decide whether to downgrade the United States' Aaa rating based on the country's economic performance in 2012 and prospects for future deficit reduction measures, analyst Steven Hess said on Friday.
Published 31 Jul, 2011 12:00am
US regulators close three small banks

US regulators close three small banks

US regulators shut down three small banks in Indiana, South Carolina and Virginia on Friday, bringing total bank closures this year to 61. The Federal Deposit Insurance Corp said the largest of the failed institutions was Integra Bank NA, of Evansville, I
Published 31 Jul, 2011 12:00am
Yahoo gets short end of stick in Alibaba deal

Yahoo gets short end of stick in Alibaba deal

Yahoo Inc got short-changed - that's the view of analysts picking apart the complex deal it announced on Friday with Alibaba Group and SoftBank Corp over Chinese e-payments unit Alipay. The trio struck an agreement after months of wrangling over the lucra
Published 31 Jul, 2011 12:00am
Dubai Islamic Bank profit rises

Dubai Islamic Bank profit rises

Dubai Islamic Bank (DIB) reported on Saturday a 10 percent increase in second-quarter net profit, beating analyst estimates, as a total revenue rise outweighed higher provisions. The lender made a net profit of 331 million dirhams ($90.1) in the three mon
Published 31 Jul, 2011 12:00am
Dubai Islamic Bank profit rises

Dubai Islamic Bank profit rises

Dubai Islamic Bank (DIB) reported on Saturday a 10 percent increase in second-quarter net profit, beating analyst estimates, as a total revenue rise outweighed higher provisions. The lender made a net profit of 331 million dirhams ($90.1) in the three mon
Published 31 Jul, 2011 12:00am
German finance minister eyes new tax cut plans

German finance minister eyes new tax cut plans

German Finance Minister Wolfgang Schaeuble is working on new plans to cut income tax, a magazine reported on Saturday, after an earlier proposal by a party colleague met opposition from coalition partners. News magazine Der Spiegel said Schaeuble, a membe
Published 31 Jul, 2011 12:00am
Brazilian arabica coffee sales limited

Brazilian arabica coffee sales limited

Offers for new crop Brazilian arabica coffee were limited this week as farmers delayed sales in hopes for higher prices, dealers in Europe's cash coffee market said on Friday. "The producers are holding the coffee because they think the market will rise,"
Published 31 Jul, 2011 12:00am
Norilsk metals' prices to rise on investor demand

Norilsk metals' prices to rise on investor demand

Norilsk Nickel, the world's largest producer of nickel and palladium, expects prices for its metals to rise in the second half of the year because of investor demand, its head of marketing said. Viktor Sprogis told reporters that unrest in major producing
Published 31 Jul, 2011 12:00am
Low business on grain market

Low business on grain market

Small business was seen on the wholesale grain market on Saturday as many traders were on the sidelines in expectations of slide in the prices as Ramazan is starting from next week, dealers said. On the cereals side, wheat old Bardan and wheat mew Bardan
Published 31 Jul, 2011 12:00am
US corn, wheat and soya edge down

US corn, wheat and soya edge down

US corn, wheat and soyabeans futures edged down on Friday as the market awaited news on the US debt talks. Corn and wheat prices had rebounded in early trade on Friday following a fall on Thursday but reversed direction as the dollar rose against the euro
Published 31 Jul, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 124,325 tonnes of cargo including 96,466 tonnes of import cargo, 27,859 tonnes of export cargo and 4,683 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 96,466 tonnes compr
Published 31 Jul, 2011 12:00am
US corn export premiums flat

US corn export premiums flat

US corn export premiums at the US Gulf Coast were flat on Friday amid sluggish demand and the start of the Southern harvest, dealers said. Poor export demand for corn amid elevated prices and strong competition from alternative feed grains such as wheat h
Published 31 Jul, 2011 12:00am
Rains foster Argentine wheat growth

Rains foster Argentine wheat growth

Most of Argentina's wheat-growing regions received plentiful rains in the last week although crops are still thirsty in some areas, the Agriculture Ministry said on Friday in its weekly crop progress report. Argentina is a leading global wheat exporter an
Published 31 Jul, 2011 12:00am
Iran plans to export two million tonnes of wheat

Iran plans to export two million tonnes of wheat

Iran will be self sufficient in the production of wheat in the course of the current year and is looking forward to becoming an exporter of the commodity, the daily Jam-e Jam quoted a senior government official as saying on Saturday. Iran's calendar year
Published 31 Jul, 2011 12:00am
Mills', exporters' forward buying keeps prices steady on cotton market

Mills', exporters' forward buying keeps prices steady on cotton market

Mills and exporters indulged in forward buying amid rising fears of increase in prices, dealers said on the cotton market on Saturday. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 5,500, they said. In both Sindh and Punjab s
Published 31 Jul, 2011 12:00am
Oil cake market rates

Oil cake market rates

Downward trend was again witnessed on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The December contract that had ended at Rs 1315.70 commenced with a fall of Rs 2.00 1313.70. The January vaida which started at Rs
Published 31 Jul, 2011 12:00am
Kirana items mixed on Jodia Bazaar

Kirana items mixed on Jodia Bazaar

The trading in Kirana items moved both ways on Jodia Bazaar here on Saturday. The following changes were observed.
Published 31 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 31 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 31 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 30, 2011).

Published 31 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 30, 2011).

Published 31 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 30, 2011).

Published 31 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 30, 2011).

Published 31 Jul, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (July 30, 2011).
Published 31 Jul, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (July 30, 2011).

Published 31 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 30, 2011).

Published 31 Jul, 2011 12:00am
THE RUPEE: minor changes seen

THE RUPEE: minor changes seen

Slight changes were seen on the currency market on Saturday in process of trading, dealers said. The rupee shed two paisa in relation to dollar for buying and selling at 86.55 and 86.59, they said.
Published 31 Jul, 2011 12:00am
THE RUPEE: minor changes seen

THE RUPEE: minor changes seen

Slight changes were seen on the currency market on Saturday in process of trading, dealers said. The rupee shed two paisa in relation to dollar for buying and selling at 86.55 and 86.59, they said.
Published 31 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (July 30, 2011).

Published 31 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (July 30, 2011).

Published 31 Jul, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 30, 2011).

Published 31 Jul, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 30, 2011).

Published 31 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 30, 2011).

Published 31 Jul, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 30, 2011).

Published 31 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 30, 2011).

Published 31 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 30, 2011).

Published 31 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 30, 2011).

Published 31 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 30, 2011).

Published 31 Jul, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (July 30, 2011).

Published 31 Jul, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 30, 2011).

Published 31 Jul, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (July 30, 2011).

Published 31 Jul, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (July 30, 2011) and for Sunday (July 31, 2011).
Published 31 Jul, 2011 12:00am
Saudi, most Gulf states to start Ramazan on Monday

Saudi, most Gulf states to start Ramazan on Monday

Saudi Arabia, the birthplace of Islam, will start the Muslim fasting month of Ramazan on Monday along with most other Gulf states, regional media said on Saturday. Reports from Saudi Arabia, Kuwait, Qatar and the United Arab Emirates said the new moon had
Published 31 Jul, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (July 30, 2011).

Published 31 Jul, 2011 12:00am
Saudi, most Gulf states to start Ramazan on Monday

Saudi, most Gulf states to start Ramazan on Monday

Saudi Arabia, the birthplace of Islam, will start the Muslim fasting month of Ramazan on Monday along with most other Gulf states, regional media said on Saturday. Reports from Saudi Arabia, Kuwait, Qatar and the United Arab Emirates said the new moon had
Published 31 Jul, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (July 30, 2011).

Published 31 Jul, 2011 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan, all offices of SBP Banking Services Corporation (SBP BSC), banks, Development Finance Institutions (DFIs) and Microfinance Banks (MFBs) will remain closed for public dealing on 1st Ramazan-ul-Mubarak, 1432 A.H., which will be o
Published 31 Jul, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (July 30, 2011).

Published 31 Jul, 2011 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan, all offices of SBP Banking Services Corporation (SBP BSC), banks, Development Finance Institutions (DFIs) and Microfinance Banks (MFBs) will remain closed for public dealing on 1st Ramazan-ul-Mubarak, 1432 A.H., which will be o
Published 31 Jul, 2011 12:00am
The Weather

The Weather

The weather report on Saturday (July 30, 2011) and the forecast for Sunday (July 31, 2011).

Published 31 Jul, 2011 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan, all offices of SBP Banking Services Corporation (SBP BSC), banks, Development Finance Institutions (DFIs) and Microfinance Banks (MFBs) will remain closed for public dealing on 1st Ramazan-ul-Mubarak, 1432 A.H., which will be o
Published 31 Jul, 2011 12:00am
SBP warns against subsidies

SBP warns against subsidies

The State Bank of Pakistan on Saturday warned that if the government continues to subsidise domestic oil and electricity bills, it will have adverse implications for its fiscal position as well as for inflation. The State Bank in its Monetary Policy State
Published 31 Jul, 2011 12:00am
SBP warns against subsidies

SBP warns against subsidies

The State Bank of Pakistan on Saturday warned that if the government continues to subsidise domestic oil and electricity bills, it will have adverse implications for its fiscal position as well as for inflation. The State Bank in its Monetary Policy State
Published 31 Jul, 2011 12:00am
SBP warns against subsidies

SBP warns against subsidies

The State Bank of Pakistan on Saturday warned that if the government continues to subsidise domestic oil and electricity bills, it will have adverse implications for its fiscal position as well as for inflation. The State Bank in its Monetary Policy State
Published 31 Jul, 2011 12:00am
Submission of data to PAC: FBR takes enforcement measures at LTUs, RTOs

Submission of data to PAC: FBR takes enforcement measures at LTUs, RTOs

The Federal Board of Revenue has taken enforcement measures at the level of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to ensure submission of complete documents and data to the Public Accounts Committee (PAC) to avoid any drubbing from t
Published 31 Jul, 2011 12:00am
Submission of data to PAC: FBR takes enforcement measures at LTUs, RTOs

Submission of data to PAC: FBR takes enforcement measures at LTUs, RTOs

The Federal Board of Revenue has taken enforcement measures at the level of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to ensure submission of complete documents and data to the Public Accounts Committee (PAC) to avoid any drubbing from t
Published 31 Jul, 2011 12:00am
Submission of data to PAC: FBR takes enforcement measures at LTUs, RTOs

Submission of data to PAC: FBR takes enforcement measures at LTUs, RTOs

The Federal Board of Revenue has taken enforcement measures at the level of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to ensure submission of complete documents and data to the Public Accounts Committee (PAC) to avoid any drubbing from t
Published 31 Jul, 2011 12:00am
SGS case quashed; accused in ARY case acquitted

SGS case quashed; accused in ARY case acquitted

Pronouncing verdict in the 13-year old reference, first filed in 1998 popularly known as the SGS case, the Accountability Court Rawalpindi Judge Mian Altaf Hussain Mahar on Saturday acquitted the accused under trial, declaring also that there was no subst
Published 31 Jul, 2011 12:00am
SGS case quashed; accused in ARY case acquitted

SGS case quashed; accused in ARY case acquitted

Pronouncing verdict in the 13-year old reference, first filed in 1998 popularly known as the SGS case, the Accountability Court Rawalpindi Judge Mian Altaf Hussain Mahar on Saturday acquitted the accused under trial, declaring also that there was no subst
Published 31 Jul, 2011 12:00am
SGS case quashed; accused in ARY case acquitted

SGS case quashed; accused in ARY case acquitted

Pronouncing verdict in the 13-year old reference, first filed in 1998 popularly known as the SGS case, the Accountability Court Rawalpindi Judge Mian Altaf Hussain Mahar on Saturday acquitted the accused under trial, declaring also that there was no subst
Published 31 Jul, 2011 12:00am
Textile City to attract $250 million investment: Prime Minister

Textile City to attract $250 million investment: Prime Minister

Prime Minister Yousuf Raza Gilani on Saturday said that the Pakistan Textile City is expected to attract investment of $250 million in the value-added textile sector which will help increase to country's textile exports by over $3 billion per annum.
Published 31 Jul, 2011 12:00am
Textile City to attract $250 million investment: Prime Minister

Textile City to attract $250 million investment: Prime Minister

Prime Minister Yousuf Raza Gilani on Saturday said that the Pakistan Textile City is expected to attract investment of $250 million in the value-added textile sector which will help increase to country's textile exports by over $3 billion per annum.
Published 31 Jul, 2011 12:00am
Textile City to attract $250 million investment: Prime Minister

Textile City to attract $250 million investment: Prime Minister

Prime Minister Yousuf Raza Gilani on Saturday said that the Pakistan Textile City is expected to attract investment of $250 million in the value-added textile sector which will help increase to country''s textile exports by over $3 billion per annum.
Published 31 Jul, 2011 12:00am
Executive fully cooperating with judiciary: Justice Iqbal

Executive fully cooperating with judiciary: Justice Iqbal

Justice Javed Iqbal of Supreme Court here Saturday said the executive is fully co-operating with the judiciary on the implementation of court decisions, and whatever little has been left will also be settled down through consensus and without any conflict
Published 31 Jul, 2011 12:00am
Executive fully cooperating with judiciary: Justice Iqbal

Executive fully cooperating with judiciary: Justice Iqbal

Justice Javed Iqbal of Supreme Court here Saturday said the executive is fully co-operating with the judiciary on the implementation of court decisions, and whatever little has been left will also be settled down through consensus and without any conflict
Published 31 Jul, 2011 12:00am
Government will implement all Supreme Court orders: Gilani

Government will implement all Supreme Court orders: Gilani

Prime Minister Yousuf Raza Gilani has said that the government will implement all orders of the Supreme Court of Pakistan. He was talking to media at the launching of sale of plots at the Pakistan Textile City held at Sindh Governor House here on Saturday
Published 31 Jul, 2011 12:00am
Government will implement all Supreme Court orders: Gilani

Government will implement all Supreme Court orders: Gilani

Prime Minister Yousuf Raza Gilani has said that the government will implement all orders of the Supreme Court of Pakistan. He was talking to media at the launching of sale of plots at the Pakistan Textile City held at Sindh Governor House here on Saturday
Published 31 Jul, 2011 12:00am
PaCCS purchase deal: FBR makes $4 million part payment to Agility

PaCCS purchase deal: FBR makes $4 million part payment to Agility

A part payment of $4 million was made on Friday by the Federal Board of Revenue (FBR) to the Kuwait-based software supplier, Agility, owner of the Pakistan Automated Customs Computerised System (PaCCS), towards the purchase of the system.
Published 31 Jul, 2011 12:00am
PaCCS purchase deal: FBR makes $4 million part payment to Agility

PaCCS purchase deal: FBR makes $4 million part payment to Agility

A part payment of $4 million was made on Friday by the Federal Board of Revenue (FBR) to the Kuwait-based software supplier, Agility, owner of the Pakistan Automated Customs Computerised System (PaCCS), towards the purchase of the system.
Published 31 Jul, 2011 12:00am
PaCCS purchase deal: FBR makes $4 million part payment to Agility

PaCCS purchase deal: FBR makes $4 million part payment to Agility

A part payment of $4 million was made on Friday by the Federal Board of Revenue (FBR) to the Kuwait-based software supplier, Agility, owner of the Pakistan Automated Customs Computerised System (PaCCS), towards the purchase of the system.
Published 31 Jul, 2011 12:00am
11 killed in Quetta firing

11 killed in Quetta firing

Eleven people have been killed and three others injured in firing on Spinny road of the provincial capital on Saturday morning and police have taken 200-250 suspects into custody so far, said Inspector General Police Balochistan Rao Amin Hashim.
Published 31 Jul, 2011 12:00am
11 killed in Quetta firing

11 killed in Quetta firing

Eleven people have been killed and three others injured in firing on Spinny road of the provincial capital on Saturday morning and police have taken 200-250 suspects into custody so far, said Inspector General Police Balochistan Rao Amin Hashim.
Published 31 Jul, 2011 12:00am
Haj scam case: Supreme Court issues detailed verdict

Haj scam case: Supreme Court issues detailed verdict

The Supreme Court on Saturday issued its detailed verdict about making Sohail Ahmed OSD and granting of investigation responsibility to former FIA Director, Hussain Asghar in Haj corruption case, a private TV channel reported.
Published 31 Jul, 2011 12:00am
Haj scam case: Supreme Court issues detailed verdict

Haj scam case: Supreme Court issues detailed verdict

The Supreme Court on Saturday issued its detailed verdict about making Sohail Ahmed OSD and granting of investigation responsibility to former FIA Director, Hussain Asghar in Haj corruption case, a private TV channel reported.
Published 31 Jul, 2011 12:00am
US debt crisis grinds on: House rejects Senate plan

US debt crisis grinds on: House rejects Senate plan

The US House of Representatives Saturday rejected a Democratic proposal to raise the nation's debt ceiling as the world's largest economy faces the prospect of defaulting on its debt next week. The 246-173 vote played out in a high stakes duel between Rep
Published 31 Jul, 2011 12:00am
US debt crisis grinds on: House rejects Senate plan

US debt crisis grinds on: House rejects Senate plan

The US House of Representatives Saturday rejected a Democratic proposal to raise the nation's debt ceiling as the world's largest economy faces the prospect of defaulting on its debt next week. The 246-173 vote played out in a high stakes duel between Rep
Published 31 Jul, 2011 12:00am
US debt crisis grinds on: House rejects Senate plan

US debt crisis grinds on: House rejects Senate plan

The US House of Representatives Saturday rejected a Democratic proposal to raise the nation''s debt ceiling as the world''s largest economy faces the prospect of defaulting on its debt next week. The 246-173 vote played out in a high stakes duel between R
Published 31 Jul, 2011 12:00am
2009-10 end: SSGCL trade debt rose to Rs 43.82 billion

2009-10 end: SSGCL trade debt rose to Rs 43.82 billion

Trade debt of Sui Southern Gas Company Limited (SSGCL) rose to Rs 43.82 billion at the end of 2009-10. According to Audit Report 2010-11, trade debt was Rs 32.57 billion as on June 30, 2009, which increased to Rs 43.82 billion at the end of 2009-10. The a
Published 31 Jul, 2011 12:00am
2009-10 end: SSGCL trade debt rose to Rs 43.82 billion

2009-10 end: SSGCL trade debt rose to Rs 43.82 billion

Trade debt of Sui Southern Gas Company Limited (SSGCL) rose to Rs 43.82 billion at the end of 2009-10. According to Audit Report 2010-11, trade debt was Rs 32.57 billion as on June 30, 2009, which increased to Rs 43.82 billion at the end of 2009-10. The a
Published 31 Jul, 2011 12:00am
2009-10 end: SSGCL trade debt rose to Rs 43.82 billion

2009-10 end: SSGCL trade debt rose to Rs 43.82 billion

Trade debt of Sui Southern Gas Company Limited (SSGCL) rose to Rs 43.82 billion at the end of 2009-10. According to Audit Report 2010-11, trade debt was Rs 32.57 billion as on June 30, 2009, which increased to Rs 43.82 billion at the end of 2009-10. The a
Published 31 Jul, 2011 12:00am
Political workers, cop among 13 dead

Political workers, cop among 13 dead

The unabated spate of targeted killings on Saturday claimed the lives of 13 more persons including the activists of Muttahida Qaumi Movement (MQM), Sunni Tehreek (ST) and a cop in separate incidents at various parts of the metropolis.
Published 31 Jul, 2011 12:00am
Political workers, cop among 13 dead

Political workers, cop among 13 dead

The unabated spate of targeted killings on Saturday claimed the lives of 13 more persons including the activists of Muttahida Qaumi Movement (MQM), Sunni Tehreek (ST) and a cop in separate incidents at various parts of the metropolis.
Published 31 Jul, 2011 12:00am
'No specific curbs on diplomats' movements'

'No specific curbs on diplomats' movements'

Pakistan on Saturday clarified that no US-specific restrictions have been applied on the movements of diplomats, saying that Islamabad is fully mindful of its obligations under the Vienna Convention on diplomatic relations. In response to a question regar
Published 31 Jul, 2011 12:00am
'No specific curbs on diplomats' movements'

'No specific curbs on diplomats' movements'

Pakistan on Saturday clarified that no US-specific restrictions have been applied on the movements of diplomats, saying that Islamabad is fully mindful of its obligations under the Vienna Convention on diplomatic relations. In response to a question regar
Published 31 Jul, 2011 12:00am
Collusion in gas, oil theft: company employees also to face jail

Collusion in gas, oil theft: company employees also to face jail

Certain employees of oil and gas companies, colluding with consumers to steal gas and oil, will also face jail, official sources told Business Recorder. This was decided by the federal Cabinet on July 27, 2011 on a summary moved by the Ministry of
Published 31 Jul, 2011 12:00am
Collusion in gas, oil theft: company employees also to face jail

Collusion in gas, oil theft: company employees also to face jail

Certain employees of oil and gas companies, colluding with consumers to steal gas and oil, will also face jail, official sources told Business Recorder. This was decided by the federal Cabinet on July 27, 2011 on a summary moved by the Ministry of
Published 31 Jul, 2011 12:00am
Collusion in gas, oil theft: company employees also to face jail

Collusion in gas, oil theft: company employees also to face jail

Certain employees of oil and gas companies, colluding with consumers to steal gas and oil, will also face jail, official sources told Business Recorder. This was decided by the federal Cabinet on July 27, 2011 on a summary moved by the Ministry of
Published 31 Jul, 2011 12:00am
Airblue crash report awaits Prime Minister's approval

Airblue crash report awaits Prime Minister's approval

The Airblue plane crash inquiry report 2010 by the Defence Ministry is subject to Prime Minister's approval and Defence Ministry has been seeking an appointment with him before making the report public, sources added. Prime Minister Yousuf Raza Gilani pos
Published 31 Jul, 2011 12:00am
Airblue crash report awaits Prime Minister's approval

Airblue crash report awaits Prime Minister's approval

The Airblue plane crash inquiry report 2010 by the Defence Ministry is subject to Prime Minister's approval and Defence Ministry has been seeking an appointment with him before making the report public, sources added. Prime Minister Yousuf Raza Gilani pos
Published 31 Jul, 2011 12:00am
Altaf welcomes PPP steps for peace in Karachi

Altaf welcomes PPP steps for peace in Karachi

Muttahida Quami Movement's leader Altaf Hussain welcomed the steps taken by the Pakistan Peoples Party for the maintenance of peace in Karachi. He appealed to the MQM workers and the people as well to make all out efforts for the success of the peace rall
Published 31 Jul, 2011 12:00am
Wassan telephones Altaf

Wassan telephones Altaf

Sindh Home Minister Manzoor Wassan on Saturday telephoned the founder and leader of Muttahida Quami Movement (MQM) Altaf Hussain and thanked him on behalf of the Sindh government for his efforts to establishing peace in the province particularly Karachi.
Published 31 Jul, 2011 12:00am
Rs 123 million to be spent on bonded labour reforms: minister

Rs 123 million to be spent on bonded labour reforms: minister

Punjab Labour Minister, Syed Ehsaan-ud-Din Qureshi has said that all field labour officers have been directed to launch a comprehensive campaign to eliminate the curse of bounded labour, adding that under the reforms agenda, educational and social reforms
Published 31 Jul, 2011 12:00am
Supply of tractor parts exempted from SED

Supply of tractor parts exempted from SED

The Federal Board of Revenue has exempted the special excise duty (SED) levied under notification SRO.655(I)/2007 of June 20, 2007, on the tractor parts supplied by registered vendors to the manufacturers of agricultural tractors from July 1, 2007. It is
Published 31 Jul, 2011 12:00am
Supply of tractor parts exempted from SED

Supply of tractor parts exempted from SED

The Federal Board of Revenue has exempted the special excise duty (SED) levied under notification SRO.655(I)/2007 of June 20, 2007, on the tractor parts supplied by registered vendors to the manufacturers of agricultural tractors from July 1, 2007. It is
Published 31 Jul, 2011 12:00am
Mobilink, Shell announce winners of lucky draws

Mobilink, Shell announce winners of lucky draws

Mobilink - Pakistan's market leader in cellular services and a part of Orascom Telecom Holding and Shell Pakistan Ltd - the premier oil and lubricants company; on Friday jointly announced the winners of the 6th to 9th lucky draws for their joint promotion
Published 31 Jul, 2011 12:00am
Judicial remand of Anjum Aqeel extended

Judicial remand of Anjum Aqeel extended

Anti-Terrorism Court has extended the judicial remand of Anjum Aqeel, MNA, accused of Rs 6 billion Police foundation land scam along all other accused involved in the run away case of Anjum Aqeel. Muhammad Akram Awan, Judge of Anti-Terrorism Court (ATC) N
Published 31 Jul, 2011 12:00am
Four terrorists held; two suicide vests recovered

Four terrorists held; two suicide vests recovered

Federal Police and other law enforcement agencies held four terrorists after conducting raid in Islamabad and recovered two suicide vests and some important documents from detained terrorists, Police sources said here on Saturday. A terror suspect nabbed
Published 31 Jul, 2011 12:00am
Industrial units ask KESC to end loadshedding

Industrial units ask KESC to end loadshedding

Emergency general body meetings of all the industrial town associations of the city were held on Saturday where members pressed their representative bodies to announce to hold back payment of Karachi Electric Supply Company (KESC) bills if the company fai
Published 31 Jul, 2011 12:00am
Amendment to Anti-Terrorism Act: Senate body denies giving final nod

Amendment to Anti-Terrorism Act: Senate body denies giving final nod

Senate Standing Committee on Interior has denied giving final nod for amendment to Anti-Terrorism Act saying that several clauses of Anti-Terrorism Amendment Act are in utter violation of basic human rights. "The Senate Panel cannot give its final nod on
Published 31 Jul, 2011 12:00am
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