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Archive - 2011-08-25
Canadian production to rebound slowly
Top News

Canadian production to rebound slowly

TORONTO : Forestry-related industries in Canada may not reach pre-recession production until after 2015, while auto pa
Published 25 Aug, 2011 05:01pm
TSX falls with US stocks
Financial

TSX falls with US stocks

TORONTO : Toronto 's main stock market index slipped in volatile trade on Thursday morning, reversing early gains as US
Published 25 Aug, 2011 04:12pm
US drone crashes in Chaman
Top News

US drone crashes in Chaman

QUETTA : An American surveillance drone crashed in Chaman area on Thursday officials said. "It was an American survei
Published 25 Aug, 2011 03:57pm
US stocks open higher
Financial

US stocks open higher

NEW YORK: US stocks fell in early trade Thursday, despite only a small drop in Apple's shares after founder Steve Jobs r
Published 25 Aug, 2011 03:53pm
Indian PM urges Anna Hazare to end fast
Top News

Indian PM urges Anna Hazare to end fast

NEW DELHI : Indian Prime Minister Manmohan Singh on Thursday urged the anti-corruption activist whose hunger strike has
Published 25 Aug, 2011 02:59pm
Bank holidays
Business & Finance

Bank holidays

KARACHI: The State Bank of Pakistan (SBP) and all offices of SBP Banking Services Corporation, including the Public Debt
Published 25 Aug, 2011 02:34pm
KSE seeks NCB certificate
Markets

KSE seeks NCB certificate

KARACHI: Karachi Stock Exchange (KSE) has asked its members to submit a certificate of Net Capital Balance (NCB) as on J
Published 25 Aug, 2011 10:31am
Thai exports hit record high in July
Top News

Thai exports hit record high in July

BANGKOK: Thailand's trade surplus more than doubled in July from the previous month and export values hit a new record,
Published 25 Aug, 2011 10:00am
Forex reserves ease to $17.96bn
Top News

Forex reserves ease to $17.96bn

KARACHI: Foreign exchange reserves fell to $17.96 billion in the week ending Aug. 20, from $18.04 billion the previous w
Published 25 Aug, 2011 09:48am
Forex reserves ease to $17.96bn
Top News

Forex reserves ease to $17.96bn

KARACHI : Foreign exchange reserves fell to $17.96 billion in the week ending Aug. 20, from $18.04 billion the previous
Published 25 Aug, 2011 08:57am
France's Sarkozy arrives in China
Asia

France's Sarkozy arrives in China

BEIJING : French President Nicolas Sarkozy arrived in Beijing Thursday for talks with his Chinese counterpart expected t
Published 25 Aug, 2011 08:22am
Gold plunges at Rs 48,857
Top News

Gold plunges at Rs 48,857

KARACHI: Gold plunged by Rs 3,428 to close at Rs 48,857 per 10 grams in the local market Thursday, as its international
Published 25 Aug, 2011 07:04am
Steve Jobs resigns as Apple CEO
Top News

Steve Jobs resigns as Apple CEO

SAN FRANCISCO : Apple's legendary co-founder and top ideas man Steve Jobs resigned as chief executive Wednesday in a mo
Published 25 Aug, 2011 04:50am
Gold price slides to Rs 61,000 per tola

Gold price slides to Rs 61,000 per tola

Gold price on Wednesday dropped by Rs 500 to Rs 61, 000 per tola on the local market after the global market went down by $40 an ounce, traders said. Gold price of 10-gram also receded by Rs 343 to Rs 52, 285 from Rs 52, 628. On the global market, the yel
Published 25 Aug, 2011 12:00am
Forbes names Merkel world's most powerful woman

Forbes names Merkel world's most powerful woman

Forbes magazine on Wednesday named German Chancellor Angela Merkel the world's most powerful woman, calling her the "undisputed" leader of the European Union and head of its only "real global economy."
Published 25 Aug, 2011 12:00am
Forbes names Merkel world's most powerful woman

Forbes names Merkel world's most powerful woman

Forbes magazine on Wednesday named German Chancellor Angela Merkel the world's most powerful woman, calling her the "undisputed" leader of the European Union and head of its only "real global economy."
Published 25 Aug, 2011 12:00am
North Korea supplied nuclear software to Iran: German paper

North Korea supplied nuclear software to Iran: German paper

North Korea has supplied Iran with a computer programme as part of intensified co-operation that could help the Islamic Republic build nuclear weapons, a German newspaper reported on Wednesday, citing Western intelligence sources. The Sueddeutsche Zeitung
Published 25 Aug, 2011 12:00am
North Korea supplied nuclear software to Iran: German paper

North Korea supplied nuclear software to Iran: German paper

North Korea has supplied Iran with a computer programme as part of intensified co-operation that could help the Islamic Republic build nuclear weapons, a German newspaper reported on Wednesday, citing Western intelligence sources. The Sueddeutsche Zeitung
Published 25 Aug, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee moved both ways against dollar on the currency market on Wednesday, dealers said. The rupee recovered another 14 paisa in relation to dollar for buying at 86.77 and gained 15 paisa for selling at 86.81, they said.
Published 25 Aug, 2011 12:00am
Military deal: Iran files lawsuit against Russia

Military deal: Iran files lawsuit against Russia

Iran has filed a lawsuit against Russia in an international court for non-supply of defensive S-300 anti-air missile complexes, in order to give Moscow a solid juridical precedent to force it to deliver the weapons according to the contract, according to
Published 25 Aug, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee moved both ways against dollar on the currency market on Wednesday, dealers said. The rupee recovered another 14 paisa in relation to dollar for buying at 86.77 and gained 15 paisa for selling at 86.81, they said.
Published 25 Aug, 2011 12:00am
Military deal: Iran files lawsuit against Russia

Military deal: Iran files lawsuit against Russia

Iran has filed a lawsuit against Russia in an international court for non-supply of defensive S-300 anti-air missile complexes, in order to give Moscow a solid juridical precedent to force it to deliver the weapons according to the contract, according to
Published 25 Aug, 2011 12:00am
Zardari assures Chinese investors of government's full support

Zardari assures Chinese investors of government's full support

President Asif Ali Zardari has said that Pakistan was facing difficulties in meeting its energy requirements and the government was focused on building mega hydropower projects to meet energy requirements of the country. The President also directed that p
Published 25 Aug, 2011 12:00am
Zardari assures Chinese investors of government's full support

Zardari assures Chinese investors of government's full support

President Asif Ali Zardari has said that Pakistan was facing difficulties in meeting its energy requirements and the government was focused on building mega hydropower projects to meet energy requirements of the country. The President also directed that p
Published 25 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (August 24, 2011).

Published 25 Aug, 2011 12:00am
Zardari assures Chinese investors of government''s full support

Zardari assures Chinese investors of government''s full support

President Asif Ali Zardari has said that Pakistan was facing difficulties in meeting its energy requirements and the government was focused on building mega hydropower projects to meet energy requirements of the country. The President also directed that p
Published 25 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (August 24, 2011).

Published 25 Aug, 2011 12:00am
MMTBs auction: Rs 119.224 billion bids accepted

MMTBs auction: Rs 119.224 billion bids accepted

The State Bank of Pakistan on Wednesday accepted bids worth Rs 119.224 billion for the sale of sale of 3-month, 6-month & 12-month Government of Pakistan Market Treasury Bills (MTBs). In response to the State Bank's tender, T-bills fetched Rs 148.519 bill
Published 25 Aug, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (August 24, 2011).

Published 25 Aug, 2011 12:00am
MMTBs auction: Rs 119.224 billion bids accepted

MMTBs auction: Rs 119.224 billion bids accepted

The State Bank of Pakistan on Wednesday accepted bids worth Rs 119.224 billion for the sale of sale of 3-month, 6-month & 12-month Government of Pakistan Market Treasury Bills (MTBs). In response to the State Bank's tender, T-bills fetched Rs 148.519 bill
Published 25 Aug, 2011 12:00am
MMTBs auction: Rs 119.224 billion bids accepted

MMTBs auction: Rs 119.224 billion bids accepted

The State Bank of Pakistan on Wednesday accepted bids worth Rs 119.224 billion for the sale of sale of 3-month, 6-month & 12-month Government of Pakistan Market Treasury Bills (MTBs). In response to the State Bank''s tender, T-bills fetched Rs 148.519 bil
Published 25 Aug, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (August 24, 2011).

Published 25 Aug, 2011 12:00am
MMTBs auction: Rs 119.224 billion bids accepted

MMTBs auction: Rs 119.224 billion bids accepted

The State Bank of Pakistan on Wednesday accepted bids worth Rs 119.224 billion for the sale of sale of 3-month, 6-month & 12-month Government of Pakistan Market Treasury Bills (MTBs). In response to the State Bank''''s tender, T-bills fetched Rs 148.519 b
Published 25 Aug, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (August 24, 2011).

Published 25 Aug, 2011 12:00am
Hong Kong man in court accused of stock exchange hacking

Hong Kong man in court accused of stock exchange hacking

A Hong Kong man appeared in court Wednesday accused of hacking into the website of the city's stock exchange this month, suspending some trading. Tse Man-lai, 28, is accused of accessing computers with dishonest or criminal intent following the cyber atta
Published 25 Aug, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 25 Aug, 2011 12:00am
Hong Kong man in court accused of stock exchange hacking

Hong Kong man in court accused of stock exchange hacking

A Hong Kong man appeared in court Wednesday accused of hacking into the website of the city's stock exchange this month, suspending some trading. Tse Man-lai, 28, is accused of accessing computers with dishonest or criminal intent following the cyber atta
Published 25 Aug, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 25 Aug, 2011 12:00am
Hong Kong man in court accused of stock exchange hacking

Hong Kong man in court accused of stock exchange hacking

A Hong Kong man appeared in court Wednesday accused of hacking into the website of the city''s stock exchange this month, suspending some trading. Tse Man-lai, 28, is accused of accessing computers with dishonest or criminal intent following the cyber att
Published 25 Aug, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (August 24, 2011).

Published 25 Aug, 2011 12:00am
Millions of Asians escape poverty despite crisis

Millions of Asians escape poverty despite crisis

More than 245 million Asians were lifted out of extreme poverty in the last five years despite the global economic crisis, the Asian Development Bank said, citing the region's brisk economic growth. China, the world's most populous nation, outperformed ot
Published 25 Aug, 2011 12:00am
The Weather

The Weather

The weather report on Wednesday (August 24, 2011) and the forecast for Thursday (August 25, 2011).

Published 25 Aug, 2011 12:00am
Millions of Asians escape poverty despite crisis

Millions of Asians escape poverty despite crisis

More than 245 million Asians were lifted out of extreme poverty in the last five years despite the global economic crisis, the Asian Development Bank said, citing the region's brisk economic growth. China, the world's most populous nation, outperformed ot
Published 25 Aug, 2011 12:00am
Millions of Asians escape poverty despite crisis

Millions of Asians escape poverty despite crisis

More than 245 million Asians were lifted out of extreme poverty in the last five years despite the global economic crisis, the Asian Development Bank said, citing the region''s brisk economic growth. China, the world''s most populous nation, outperformed
Published 25 Aug, 2011 12:00am
Sutlej inundates 18 villages

Sutlej inundates 18 villages

Water rises 21 feet higher in Sutlej and 85,000 cusecs water passing through Sutlej at Gandasingh inundated 18 villages on Wednesday. The inundated villages included Bakhiwand, Talwar Post, Chanda Singhwala, Basti Bangladesh, Kalanjer, Kamalpura and other
Published 25 Aug, 2011 12:00am
Strong surgical operation: 'Police, Rangers should be given powers'

Strong surgical operation: 'Police, Rangers should be given powers'

Political analyst Marvi Sarman said on Wednesday that powers should be given to police and Rangers for strong surgical operation at massive level against weaponisation in Karachi. Talking to PTV, she said the issue of Karachi is political and its politica
Published 25 Aug, 2011 12:00am
Hina lauds Pak-China anti-terrorism cooperation

Hina lauds Pak-China anti-terrorism cooperation

Pakistan's Foreign Minister Hina Rabbani Khar called on Chinese Premier Wen Jiabao here on Wednesday. Hina Rabbani Khar is on her first visit to China since assuming her office last month. Premier Wen welcomed the Pakistan's Foreign Minister to China and
Published 25 Aug, 2011 12:00am
Government earns Rs 32.877 billion in three years through visa fee, MRPs

Government earns Rs 32.877 billion in three years through visa fee, MRPs

Department of Immigration and Passports has contributed Rs 32.877 billion to national kitty earned through visa fee and issuance of passports during last three years. The department has issued around 7.797 million Machine Readable Passports (MRPs) through
Published 25 Aug, 2011 12:00am
Modern fruit, vegetable market to be set up at Kacha

Modern fruit, vegetable market to be set up at Kacha

Punjab Chief Minister Shahbaz Sharif has given approval in principle to the setting up a modern fruit and vegetable market at Kacha on Ferozepur Road and constituted a committee to take all possible measures for the completion of the project within a year
Published 25 Aug, 2011 12:00am
CDA for expediting anti-dengue campaign in Islamabad

CDA for expediting anti-dengue campaign in Islamabad

The Chairman Capital Development Authority (CDA), Imtiaz Inayat Elahi has directed Health Services Directorate to expedite the pace of Anti-Dengue Campaign in the federal capital to prevent the residents from the horrible fever.
Published 25 Aug, 2011 12:00am
Price hike hits common man adversely

Price hike hits common man adversely

People belonging to different walks of life have strongly criticised the poor performance of the government as a result of which the economic condition of the country is deteriorating with every passing day. According to a survey conducted by Business
Published 25 Aug, 2011 12:00am
Truck driver kidnapped from Notal

Truck driver kidnapped from Notal

Unknown armed men abducted a truck driver from National Highway near Notal area of Nasirabad district on Wednesday. "The truck was on its way when armed men intercepted it and took away driver Nasir Ahmad to unknown destination at gunpoint", police said.
Published 25 Aug, 2011 12:00am
Smuggling bid foiled

Smuggling bid foiled

The Anti Smuggling Organisation (ASO) Lahore of the customs has foiled different attempts of smuggling of goods worth Rs 23.5 million. According to a spokesmen ASO staff under the supervision of Assistant collector Toqueer Dar and Superintendent Abdul Ham
Published 25 Aug, 2011 12:00am
LSE to remain closed on August 26

LSE to remain closed on August 26

The Lahore Stock Exchange (LSE) shall remain closed on Friday ie August 26, 2011 on account of Juma-tul-Wida. According to a circular issued here on Wednesday, the Exchange will reopen on Monday August 29, 2011.
Published 25 Aug, 2011 12:00am
5,000 medical officers to benefit from HP allowance

5,000 medical officers to benefit from HP allowance

As many as 5000 women medical officers, demonstrators, blood transfusion officers in the Punjab province would benefit from the Health Professional Allowance. The Punjab Finance Department has issued a notification in this regard on Wednesday.
Published 25 Aug, 2011 12:00am
Brothers lynching case: LHC dismiss bail application of nine accused

Brothers lynching case: LHC dismiss bail application of nine accused

A division bench of the Lahore High Court on Wednesday dismissed bail applications of nine accused involved in Sialkot brothers lynching case. The accused Sarfraz Iqbal, Amin, Jamshed, Akram, Hasan Raza, Asghar, Rashid and Awais approached the court for b
Published 25 Aug, 2011 12:00am
Dengue patients being treated with special care: Dr Tariq

Dengue patients being treated with special care: Dr Tariq

Principal Post Graduate Medical Institute and Lahore General Hospital, Professor Dr Tariq Salah-ud-din has said that patients suffering from dengue fever are being treated with special care while weekly offs of the staff of pathology laboratory have been
Published 25 Aug, 2011 12:00am
Shabbir, Yameen pay farewell call on Prime Minister

Shabbir, Yameen pay farewell call on Prime Minister

Mian Shabbir Anwer, outgoing Press Secretary to Prime Minister and Muhammad Yameen, Ex-Additional Secretary paid a farewell call on Prime Minister Syed Yousuf Raza Gilani at Prime Minister's House on Wednesday morning. The Prime Minister wished them well
Published 25 Aug, 2011 12:00am
Profit after tax of Indus Motors declines

Profit after tax of Indus Motors declines

The profit after tax of Indus Motors Company has declined to Rs 2.743 billion in the year ended June 30, 2011 (FY11) as compared to Rs 3.443 billion earned in the year FY10. The company's earning per share reduced to Rs 34.90 in the period under review ag
Published 25 Aug, 2011 12:00am
Profit after tax of Indus Motors declines

Profit after tax of Indus Motors declines

The profit after tax of Indus Motors Company has declined to Rs 2.743 billion in the year ended June 30, 2011 (FY11) as compared to Rs 3.443 billion earned in the year FY10. The company's earning per share reduced to Rs 34.90 in the period under review ag
Published 25 Aug, 2011 12:00am
Shabbir Shah condemns youth's detention

Shabbir Shah condemns youth's detention

Senior All Parties Hurriyet Conference leader Shabbir Ahmad Shah has strongly condemned the arbitrary detention of Kashmiri youth by Indian police in occupied Kashmir on Wednesday. Shabbir Shah said that since 2008, Kashmir was witnessing a peaceful upris
Published 25 Aug, 2011 12:00am
Supreme Court adjourns hearing in Sanaullah's case

Supreme Court adjourns hearing in Sanaullah's case

The Supreme Court adjourned on Wednesday hearing in the case pertaining to Punjab Law Minister Rana Sanaullah's statement against former Law Minister Babar Awan. Babar Awan had filed an application in the Supreme Court, praying for formation of a judicial
Published 25 Aug, 2011 12:00am
President signs CSHP Ordinance

President signs CSHP Ordinance

President Asif Ali Zardari Wednesday singed the Career Structure for Health Personnel (CSHP) Ordinance which gives legal sanction to new career structure and incentives to the doctors while retaining their status as public servants. The Ordinance envisage
Published 25 Aug, 2011 12:00am
President signs CSHP Ordinance

President signs CSHP Ordinance

President Asif Ali Zardari Wednesday singed the Career Structure for Health Personnel (CSHP) Ordinance which gives legal sanction to new career structure and incentives to the doctors while retaining their status as public servants. The Ordinance envisage
Published 25 Aug, 2011 12:00am
Mobile phones import posts 26 percent increase in July

Mobile phones import posts 26 percent increase in July

The country's import of mobile phones posted 26 percent increase during July this fiscal year as compared to the cell phones import during the same period of the last fiscal year, according to official statistics. "New brands with touch screen application
Published 25 Aug, 2011 12:00am
Lahore and Peshawar High courts President confirms additional judges

Lahore and Peshawar High courts President confirms additional judges

President Asif Ali Zardari on Wednesday confirmed four additional judges of the Peshawar High Court and three additional judges of the Lahore High Court. Spokesperson Farhatullah Babar said that the additional judges of the LHC who were confirmed on Wedne
Published 25 Aug, 2011 12:00am
LEAs detain 20 suspects, recover arms

LEAs detain 20 suspects, recover arms

Law Enforcement Agencies (LEAs) on Wednesday claimed to have detained some 20 suspects and recovered huge cache of weapons from their possession. According to police sources, the police and Rangers have jointly launched a search operation at various local
Published 25 Aug, 2011 12:00am
Tax Year 2011: taxpayers desperately waiting for new return forms

Tax Year 2011: taxpayers desperately waiting for new return forms

The salaried individuals and commercial importers, exporters, suppliers, contractors, commission income earners, commission agents, CNG sector, owners of petroleum pumps, recipients of banks interest, etc, are desperately waiting for new income tax return
Published 25 Aug, 2011 12:00am
Minister urges timely payment of wages

Minister urges timely payment of wages

Provincial Minister for Labour Haji Ehsaan uddin Qureshi has stressed timely payment of wages to industrial workers by hotel owners and employers of other concerns. According to a hand out issued here on Wednesday, the minister directed the labour officer
Published 25 Aug, 2011 12:00am
Jumat-ul-Wida to be observed as Kashmir Day in IHK

Jumat-ul-Wida to be observed as Kashmir Day in IHK

In Indian occupied Kashmir, the All Parties Hurriyet Conference has announced to observe the last Friday of Ramazan (Jumat-ul-Wida) as Youm-e-Kashmir and Youm-e-Qudus to draw the world attention to issues of Kashmir and Palestine.
Published 25 Aug, 2011 12:00am
Liaison between operation, investigation branches urged

Liaison between operation, investigation branches urged

Chief Capital City Police Officer (CCPO) Imtiaz Altaf, while addressing a gathering of police officers here on Wednesday at Malik Saad Shaheed Police Lane, has underscored the need for close co-operation between operational and investigation branches of p
Published 25 Aug, 2011 12:00am
Nisar opposes army operation in Karachi

Nisar opposes army operation in Karachi

Leader of the Opposition in National Assembly and central PML-N leader Chaudhry Nisar Ali Khan on Wednesday joined forces with those opposing an army action in Karachi against the criminals who have unleashed bloodshed in the country's economic hub.
Published 25 Aug, 2011 12:00am
'Military operation in Karachi not appropriate'

'Military operation in Karachi not appropriate'

Federal Minister for Environment and Pakistan People's Party (PPP) Lahore Chapter President Samina Khalid Ghurki said demand for military operation in Karachi is not appropriate. Talking to a private news channel on Wednesday, she said that all the stakeh
Published 25 Aug, 2011 12:00am
Police fail to recover baby abducted from NICH

Police fail to recover baby abducted from NICH

Police failed to recover a one-year-old baby, who was kidnapped from the medical ward of National Institute of Child Health (NICH), despite the passage of four days after the incident. The baby, Junaid son of Javed, was abducted from the medical ward of N
Published 25 Aug, 2011 12:00am
BSEK notification

BSEK notification

The Board of Secondary Education Karachi (BSEK) has announced that applications for scrutiny of scripts of SSC Part I General Group (Regular and Private) Annual Examination 2011 will be accepted up to September 29. An announcement on Wednesday said that t
Published 25 Aug, 2011 12:00am
More rains expected in lower Sindh in next seven days

More rains expected in lower Sindh in next seven days

The Met Office on Wednesday said more rains are expected in the flooded areas of lower Sindh in the next seven days. According to its fresh weather advisory, the office predicts widespread monsoon rains in the country during next seven days. It says monso
Published 25 Aug, 2011 12:00am
Government policies boost agriculture sector

Government policies boost agriculture sector

The farmer friendly policies of the incumbent government have given a boost to agriculture sector while the dividends have reached the growers as well. This was stated by chairman National Assembly's standing committee for food and agriculture and Member
Published 25 Aug, 2011 12:00am
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