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Archive - 2011-08-29
Dollar, euro 2 pct jump
Financial

Dollar, euro 2 pct jump

NEW YORK : The euro and dollar extended gains versus the Swiss franc to trade more than 2 percent higher on Monday as an
Published 29 Aug, 2011 02:42pm
Gold plunges to Rs51,685
Markets

Gold plunges to Rs51,685

KARACHI: Gold plunged by Rs429 to close at Rs51,685 per 10 grams in the local market Monday, as its international price
Published 29 Aug, 2011 02:30pm
ISE-10 witnesses bearish trend
Markets

ISE-10 witnesses bearish trend

ISLAMABAD : The Islamabad Stock Exchange (ISE-10) here on Monday witnessed bearish trend as the index suffered fall of 4
Published 29 Aug, 2011 02:21pm
China says inflation pressures stay high
Top News

China says inflation pressures stay high

BEIJING : Persistently high global prices for commodities and other goods are fueling consumer inflation in China and
Published 29 Aug, 2011 11:47am
Tea import increases by 17.03 percent
Top News

Tea import increases by 17.03 percent

ISLAMABAD : The Import of Tea in the country registered an increase of 17.03 percent during first month of financial yea
Published 29 Aug, 2011 11:03am
European stocks open higher
Financial

European stocks open higher

PARIS: European stocks opened higher on Monday, following gains across Asia and a strong close on Wall Street last wee
Published 29 Aug, 2011 07:29am
Spot gold to revisit $1,838.29/oz
Top News

Spot gold to revisit $1,838.29/oz

SINGAPORE : Spot gold is expected to revisit an hourly chart high at $1,838.29 per ounce as it is steady within a rising
Published 29 Aug, 2011 05:21am
Welcoming CPI rebasing
BR Research

Welcoming CPI rebasing

Price indices are generally rebased and rehashed once in a decade to depict changes in spending practices and culture. Given the rapid pace
Published 29 Aug, 2011 12:00am
For nations sake
BR Research

For nations sake

"Patriotism consists not in waving the flag, but in striving that our country shall be righteous as well as strong" said the renowned Americ
Published 29 Aug, 2011 12:00am
Heavy duty China
BR Research

Heavy duty China

The most remarkable thing about China is her resilience and ability to achieve just about anything. Buttressed by economies of scale, whatev
Published 29 Aug, 2011 12:00am
Bone drug tied to lower colon cancer risk

Bone drug tied to lower colon cancer risk

A new study adds to evidence that bone drugs may play a role in suppressing cancer development, although there is still no proof that taking the medications would stave off malignancies. The drugs, called bisphosphonates, have generated both good and bad
Published 29 Aug, 2011 12:00am
8.7 million species exist on Earth

8.7 million species exist on Earth

Some 8.7 million different species exist on Earth, though a tiny amount of those have actually been discovered and catalogued, researchers said on August 25. The count, described by the open access journal PLoS Biology in which it is presented as "the mos
Published 29 Aug, 2011 12:00am
PCB to search Waqar's replacement after Eid

PCB to search Waqar's replacement after Eid

The Pakistan Cricket Board will start search for new coach to replace Waqar immediately after Eid. The process will be handled by a special committee to be constituted by the PCB, a private news channel reported on Sunday. A PCB official made it clear tha
Published 29 Aug, 2011 12:00am
Hockey contingent to leave China today

Hockey contingent to leave China today

The Pakistan Hockey contingent will leave for China today Monday to participate in the 1st Men's Asian Champions Trophy commencing from 3rd of next month. The Pakistan players include Imran Shah‚ Imran Butt‚ Muhammad Imran (Capt)‚ Muhammad Irfan‚ Syed
Published 29 Aug, 2011 12:00am
Blatter promises FIFA reform details in October

Blatter promises FIFA reform details in October

After a year of scandal that has rocked world football, FIFA President Sepp Blatter said Sunday that he will present detailed anti-corruption reforms in October. Blatter told The Associated Press he will announce his reform agenda after an October 20-21 m
Published 29 Aug, 2011 12:00am
No use to build cricket stadium in Islamabad: PCB source

No use to build cricket stadium in Islamabad: PCB source

It is useless to build a cricket stadium of international standard in the Federal Capital as no global cricket is being played in the country, said a reliable source in the Pakistan Cricket Board on Sunday.
Published 29 Aug, 2011 12:00am
Lisicki downs Rezai in WTA Texas final

Lisicki downs Rezai in WTA Texas final

Wimbledon semi-finalist Sabine Lisicki of Germany captured the inaugural WTA Texas Open on Saturday with a 6-2, 6-1 victory over French qualifier Aravane Rezai in the championship match. The $220,000 hardcourt event was a tune-up for the US Open, which be
Published 29 Aug, 2011 12:00am
Modric back for Spurs, Nasri starts for City

Modric back for Spurs, Nasri starts for City

Tottenham midfielder Luka Modric was named in his side's starting line-up for Sunday's game against Manchester City even though the unsettled Croatian remains keen on a move to Chelsea. Modric had missed Tottenham's first three matches this season amid gr
Published 29 Aug, 2011 12:00am
United hit Arsenal for eight, City demolish Spurs

United hit Arsenal for eight, City demolish Spurs

Manchester United swept to a magnificent 8-2 victory over 10-man Arsenal as the champions produced the perfect response after Manchester City had underlined their title credentials with a 5-1 rout of Tottenham earlier on Sunday.
Published 29 Aug, 2011 12:00am
M&A in Brazil sugar cane sector passes peak

M&A in Brazil sugar cane sector passes peak

Consolidation in Brazil's cane sector has crested, after the 2008 global financial crisis unleashed a wave of mergers and acquisitions in the world's largest sugar industry. Despite a slowdown after the big deals of 2009 and 2010, milling groups have not
Published 29 Aug, 2011 12:00am
Qatar to invest $20 billion in tourism through 2022

Qatar to invest $20 billion in tourism through 2022

Qatar will invest $20 billion to $25 billion in tourism infrastructure development over the next 11 years as it prepares to host the 2022 soccer World Cup, the head of its state-run tourism authority said on Monday. Qatar's copious natural gas reserves ha
Published 29 Aug, 2011 12:00am
Australian firm to invest in Tanzania coal

Australian firm to invest in Tanzania coal

Australia's Intra Energy Corporation (IEC) plans to invest $236 million in Tanzania's first privately funded coal mine and a coal-fired power plant to reduce nation's reliance on hydro power, its chairman told Reuters on Wednesday. IEC Executive Chairman
Published 29 Aug, 2011 12:00am
French rich should pay more tax for three years

French rich should pay more tax for three years

France's richest citizens should pay higher taxes for a 3-year period as part of a broad effort to reduce deficits, but the government must tread carefully to avoid an exodus of the business elite, Publicis CEO Maurice Levy told Reuters on Wednesday.
Published 29 Aug, 2011 12:00am
China tolerates somewhat faster yuan rise to fight inflation

China tolerates somewhat faster yuan rise to fight inflation

Chinese policymakers are tolerating moderately faster yuan appreciation to help curb inflation, though there is a limit to how much they will stomach if currency strength starts to hurt the vast export sector and the broader economy. A recent jump in the
Published 29 Aug, 2011 12:00am
Jordan and Egypt to sign natural gas deal

Jordan and Egypt to sign natural gas deal

Jordan's energy czar says his country will sign an agreement with Egypt next month to resume natural gas supplies. Energy Minister Khaled Toukan says several attacks this year on Egypt's pipeline delivering the fuel may prompt Jordan to look for alternati
Published 29 Aug, 2011 12:00am
Hyundai boss to give $462 million to charity

Hyundai boss to give $462 million to charity

South Korea's top automaker Hyundai Motor said Sunday its chairman would give $462 million to charity, partly fulfilling a pledge made in 2006 while being investigated for corruption. Chung Mong-Koo will donate shares worth 500 billion won ($462 million)
Published 29 Aug, 2011 12:00am
Iraq's cabinet approves delayed draft oil law

Iraq's cabinet approves delayed draft oil law

Iraq's cabinet has approved a long-awaited draft oil law and sent it to parliament for final passage, a measure seen as key for foreign investors seeking more solid legal guarantees. The new hydrocarbons law has been in the making for years but has faced
Published 29 Aug, 2011 12:00am
UN bans Romania from trading its CO2 rights

UN bans Romania from trading its CO2 rights

A UN panel suspended Romania from trading its surplus carbon emission rights for breaching Kyoto Protocol rules on reporting emissions, the country's environment ministry said on Sunday.
Published 29 Aug, 2011 12:00am
Italy readies austerity changes

Italy readies austerity changes

Italy's ruling coalition is preparing significant changes to its austerity plan presented in mid-August and Economy Minister Giulio Tremonti, who put together the original plan, appears increasingly isolated.
Published 29 Aug, 2011 12:00am
US stock trading to open today as usual

US stock trading to open today as usual

US stock trading will open as usual on Monday, a day after Hurricane Irene hit New York, the main US exchanges said on Sunday after consultation with regulators. The US Securities and Exchange Commission and market operators NYSE Euronext, Nasdaq OMX Grou
Published 29 Aug, 2011 12:00am
SAIC first-half net rises, outlook solid

SAIC first-half net rises, outlook solid

Top Chinese automaker SAIC Motor Corp reported a 46.1 percent gain in its first-half earnings thanks to brisk sales of Buick and Passat models made at its Shanghai ventures.
Published 29 Aug, 2011 12:00am
Swiss government prepares CS client data transfer to US

Swiss government prepares CS client data transfer to US

The Swiss government may be paving the way for a large-scale transfer of Credit Suisse client data to the United States in order to save the bank serious legal troubles that might endanger its future, a Swiss newspaper reported.
Published 29 Aug, 2011 12:00am
Germany plans 'moderate' tax cuts for 2013

Germany plans 'moderate' tax cuts for 2013

Tax relief promised for 2013 will be moderate, German Chancellor Angela Merkel said in an interview on Sunday offering an early glimpse of a policy held dear by her liberal coalition partners. "In the fall, we will have tax income forecasts and when we kn
Published 29 Aug, 2011 12:00am
ICO sees arabica price up, robusta down in 2012

ICO sees arabica price up, robusta down in 2012

The price of robusta coffee could fall next year on ample stocks even as prices of higher quality arabicas are expected to remain firm on tighter supplies, International Coffee Organisation Executive Director Jose Sette said.
Published 29 Aug, 2011 12:00am
Libya's oil towns struggle to get back to work

Libya's oil towns struggle to get back to work

Libya's battered oil towns are struggling to get back to work after months of back-and-forth clashes between rebels and forces loyal to Muammar Qadhafi along the Mediterranean coast. The rebels' ruling council faces shortages of basic supplies including f
Published 29 Aug, 2011 12:00am
Swiss banking sector may face more job cuts

Swiss banking sector may face more job cuts

Switzerland's banking industry may have to slash 10,000 jobs by the end of next year, particularly at Swiss subsidiaries of big foreign banks, Swiss newspaper SonntagsZeitung reported. "I expect around 10 percent of jobs in the Swiss banking industry to d
Published 29 Aug, 2011 12:00am
Eurozone crisis over in two to three years: EFSF chief

Eurozone crisis over in two to three years: EFSF chief

The head of the European Financial Stability Facility (EFSF), Klaus Regling, believes the eurozone will overcome its current debt crisis by 2014. "One can justifiably expect the crisis to be over within two to three years," he told the magazine Spiegel ou
Published 29 Aug, 2011 12:00am
LG Electronics buys local sewage treatment firm

LG Electronics buys local sewage treatment firm

LG Electronics Inc. said on Sunday it bought Daewoo ENTEC, one of South Korea's leading sewage treatment service providers, and is looking at more mergers or acquisitions to become the world's leading water treatment company.
Published 29 Aug, 2011 12:00am
Bahrain telecom Batelco names royal as new chief executive

Bahrain telecom Batelco names royal as new chief executive

Bahraini phone company Batelco has replaced its chief executive with a member of the Gulf island nation's royal family. The company on Sunday named Sheik Mohammed bin Isa Al Khalifa as its group CEO.
Published 29 Aug, 2011 12:00am
No MFN Status for India: Farooq Afzal - Analysis of Financial Statements

No MFN Status for India: Farooq Afzal - Analysis of Financial Statements

Prominent industrialist asserts liberalised trade with India could prove deadly for local industry and employment "Granting most favoured nation status to India will deal a fatal blow to Pakistan's industries" contended prominent industrialist, Farooq Afz
Published 29 Aug, 2011 12:00am
No MFN Status for India: Farooq Afzal - Analysis of Financial Statements

No MFN Status for India: Farooq Afzal - Analysis of Financial Statements

Prominent industrialist asserts liberalised trade with India could prove deadly for local industry and employment "Granting most favoured nation status to India will deal a fatal blow to Pakistan's industries" contended prominent industrialist, Farooq Afz
Published 29 Aug, 2011 12:00am
Eight injured in Nawabshah road accident

Eight injured in Nawabshah road accident

At least eight people including three children were injured when a speedy vehicle of convoy of PPP MNA Faryal Talpur reportedly hit a Mehran car here on Sunday. It was learnt that daughters of President Zardari Bakhtawar and Asifa were going to Zaradri Ho
Published 29 Aug, 2011 12:00am
SSUET organises Naat competition

SSUET organises Naat competition

Sir Syed University of Engineering and Technology organised a Naat competition 2011 for women-2011, with the SSUET Chancellor, Z.A.Nizami in chair, at Bashir A Malik Auditorium.
Published 29 Aug, 2011 12:00am
Exhibition

Exhibition

National Museum of Pakistan Karachi has announced arranging a special exhibition of rare manuscripts of the Holy Qura'an from 29th August 2011. On this occasion, copies from Holy Qura'an from Iraq, Central Asia, Iran, Afghanistan and subcontinents would b
Published 29 Aug, 2011 12:00am
Lower Sindh: 'This week's monsoon rains may cause severe flood'

Lower Sindh: 'This week's monsoon rains may cause severe flood'

The Met Office Weather Advisory has forecast that widespread heavy monsoon rains in the country during the coming week may cause severe flooding in lower Sindh. The advisory forecast that scattered rain/thundershowers are expected in lower Sindh on Monday
Published 29 Aug, 2011 12:00am
Shab-e-Qadr observed with religious fervour

Shab-e-Qadr observed with religious fervour

The faithful observed Shab-e-Qadr, a holy night which falls between Ramazan 26 and 27, in the city with religious fervour and respect. Shab-e-Qadr bears special importance for the Muslims Ummah across the globe. The faithful stayed awake for prolonged pra
Published 29 Aug, 2011 12:00am
Growing NPLs termed threat to financial system

Growing NPLs termed threat to financial system

Pakistan Economy Watch (PEW) on Sunday said growing non-performing loans (NPLs) has become a threat for financial system, which should be taken as a challenge by monetary authorities. Growing NPLs are a result of unheard-of level of government borrowings,
Published 29 Aug, 2011 12:00am
Karachi transporters continue to fleece commuters

Karachi transporters continue to fleece commuters

Public transporters of Karachi, who are running their minibuses and so-called 'coaches' on cheap CNG gas are charging bus fares from the commuters on the basis of diesel usage, which is not only an immoral act but a plain cheating; however, the Sindh tran
Published 29 Aug, 2011 12:00am
China blog site shuts accounts over 'rumours'

China blog site shuts accounts over 'rumours'

China's most popular microblogging site has launched a crackdown on what it says is use of its service to spread false rumours after the Communist Party told Internet companies to tighten control over information.
Published 29 Aug, 2011 12:00am
British SAS hero of Iranian embassy siege dies

British SAS hero of Iranian embassy siege dies

John McAleese, the British special forces soldier who led the dramatic raid that ended the 1980 Iranian embassy seige in London has died, government ministries said Sunday. A no-nonsense Scot with a giant drooping moustache, "Mac", who was in his early 60
Published 29 Aug, 2011 12:00am
South Korean police fire water cannon in Seoul protest

South Korean police fire water cannon in Seoul protest

South Korean police said on Sunday they had fired water cannon, reportedly for the first time in three years, at protesters in Seoul demonstrating against hundreds of job losses at a major shipyard. Police used the cannon to disperse a crowd of around 800
Published 29 Aug, 2011 12:00am
Bomb misses AU force in Mogadishu, kills woman

Bomb misses AU force in Mogadishu, kills woman

A roadside bomb apparently targeting a convoy of African Union peacekeepers killed a woman on Sunday in the Somali capital Mogadishu, witnesses said. Abdulle Mantaan, a staff officer at a nearby food distribution centre, told Reuters the remote-controlled
Published 29 Aug, 2011 12:00am
Niger mercenaries return home from Libya

Niger mercenaries return home from Libya

Tuareg mercenaries who fought alongside troops loyal to Libyan leader Moamer Kadhafi are beginning to return home to northern Niger after suffering heavy losses, sources told AFP on Sunday.
Published 29 Aug, 2011 12:00am
Japan's Kaieda ahead in Prime Minister race but run-off likely

Japan's Kaieda ahead in Prime Minister race but run-off likely

Trade minister Banri Kaieda has the lead in a ruling party race to pick Japan's latest prime minister, but a bruising run-off looks likely as chances look dim for winning a majority in a first round vote, media surveys showed on Sunday.
Published 29 Aug, 2011 12:00am
Tropical storm near Bermuda, another brewing

Tropical storm near Bermuda, another brewing

Tropical Storm Jose formed near Bermuda on Sunday, becoming the 10th named storm of the 2011 Atlantic hurricane season, US forecasters said. At 2 pm EDT (1800 GMT), the US National Hurricane Centre said Jose was 60 miles (95 km) west of Bermuda and churni
Published 29 Aug, 2011 12:00am
Taiwan evacuates thousands as typhoon approaches

Taiwan evacuates thousands as typhoon approaches

Taiwan evacuated thousands of people from remote villages on Sunday as a typhoon which has left at least eight people dead in the Philippines approached, packing torrential rain and fierce winds.
Published 29 Aug, 2011 12:00am
Economic woes: Hard times demand courage

Economic woes: Hard times demand courage

In his interaction with a delegation of the Federation of Pakistan Chambers of Commerce and Industry, President Asif Ali Zardari has asked some members of business community to come up with some "out-of-the-box" proposals to help government overcome myria
Published 29 Aug, 2011 12:00am
Hina in China

Hina in China

Hours before Ma Zhauxu, the Chinese foreign ministry spokesman, declared Pakistan clear of any role in the Kashgar terrorist attacks early last month, Beijing had officially asked Islamabad to ignore the much ballyhooed Xinjiang official's comment blaming
Published 29 Aug, 2011 12:00am
Corruption in the subcontinent

Corruption in the subcontinent

Anna Hazare has captured the imagination of television audiences' world-wide. However in Pakistan he has captured our hearts and minds and many are wondering if anyone can replicate his movement here. To date only Ansar Burney has presented himself as a p
Published 29 Aug, 2011 12:00am
Irene in New York: a clash of two giants

Irene in New York: a clash of two giants

A mayor who is hyperactive on Twitter, empty supermarket shelves, fire trucks speeding across Manhattan, a closed transport system and surfers who defy logic: when a hurricane like Irene and a city like New York meet, the result may well sound like Hollyw
Published 29 Aug, 2011 12:00am
Indonesia's traffic nightmare a dream for 'ojeks'

Indonesia's traffic nightmare a dream for 'ojeks'

Jakarta's crippling traffic jams cost the Indonesian capital billions of dollars a year, but there's one group of battling businessmen who thrive in the smog-filled streets: ojek drivers. The appalling traffic problem is an opportunity for thousands of mo
Published 29 Aug, 2011 12:00am
Peace in Karachi

Peace in Karachi

Fearing that any further deterioration in Karachi's law and order will stabilise the entire country, Punjab Chief Minister Shahbaz Sharif has proposed a ruthless clampdown on target killers and extortionists to restore peace in country's economic and fina
Published 29 Aug, 2011 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (August 22 to 27, 2011)

Published 29 Aug, 2011 12:00am
The Weather

The Weather

The weather report on Sunday (August 28, 2011) and the forecast for Monday (August 29, 2011).

Published 29 Aug, 2011 12:00am
Government to protect national interests at any cost: Prime Minister

Government to protect national interests at any cost: Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that Pakistan is a strong country and would protect its national interest at any cost. Addressing a press conference here at State Guest House on Sunday, he expressed the hope that peace in Karachi would be
Published 29 Aug, 2011 12:00am
Government to protect national interests at any cost: Prime Minister

Government to protect national interests at any cost: Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that Pakistan is a strong country and would protect its national interest at any cost. Addressing a press conference here at State Guest House on Sunday, he expressed the hope that peace in Karachi would be
Published 29 Aug, 2011 12:00am
THE RUPEE: dollar higher on strong demand

THE RUPEE: dollar higher on strong demand

The dollar, on the back of rising demand, retained commanding position versus rupee during the week ended on August 27, 2011. IN INTER-BANK MARKET DEALS: The rupee fell by 18 paisa in relation to dollar for buying at 87.13 and by 17 paisa for selling at 8
Published 29 Aug, 2011 12:00am
THE RUPEE: dollar higher on strong demand

THE RUPEE: dollar higher on strong demand

The dollar, on the back of rising demand, retained commanding position versus rupee during the week ended on August 27, 2011. IN INTER-BANK MARKET DEALS: The rupee fell by 18 paisa in relation to dollar for buying at 87.13 and by 17 paisa for selling at 8
Published 29 Aug, 2011 12:00am
Irene shut down north-east US, New York city spared

Irene shut down north-east US, New York city spared

Hurricane Irene surged through New York City on Sunday flooding waterfronts and low-lying areas, but America's most populous city avoided the mass devastation some had feared. Irene was downgraded to a tropical storm on Sunday morning and was headed next
Published 29 Aug, 2011 12:00am
Irene shut down north-east US, New York city spared

Irene shut down north-east US, New York city spared

Hurricane Irene surged through New York City on Sunday flooding waterfronts and low-lying areas, but America's most populous city avoided the mass devastation some had feared. Irene was downgraded to a tropical storm on Sunday morning and was headed next
Published 29 Aug, 2011 12:00am
Irene causes up to $400 million Carolinas losses: EQECAT

Irene causes up to $400 million Carolinas losses: EQECAT

Hurricane Irene caused between $200 million and $400 million in insured losses in the Carolinas, catastrophe modelling company EQECAT said on Sunday, suggesting the storm may have been far less severe than the insurance industry feared.
Published 29 Aug, 2011 12:00am
Irene causes up to $400 million Carolinas losses: EQECAT

Irene causes up to $400 million Carolinas losses: EQECAT

Hurricane Irene caused between $200 million and $400 million in insured losses in the Carolinas, catastrophe modelling company EQECAT said on Sunday, suggesting the storm may have been far less severe than the insurance industry feared.
Published 29 Aug, 2011 12:00am
Anna Hazare ends 13-day hunger strike

Anna Hazare ends 13-day hunger strike

Indian anti-corruption activist Anna Hazare ended his 13-day hunger strike on Sunday triggering wild celebrations among supporters after parliament agreed to consider his demands. Hazare's fast at an open-air venue in New Delhi attracted tens of thousands
Published 29 Aug, 2011 12:00am
Anna Hazare ends 13-day hunger strike

Anna Hazare ends 13-day hunger strike

Indian anti-corruption activist Anna Hazare ended his 13-day hunger strike on Sunday triggering wild celebrations among supporters after parliament agreed to consider his demands. Hazare's fast at an open-air venue in New Delhi attracted tens of thousands
Published 29 Aug, 2011 12:00am
Qadhafi stronghold under threat from air, land

Qadhafi stronghold under threat from air, land

Nato warplanes bombed Muammar Qadhafi's hometown of Sirte on Sunday as forces opposed to the fallen strongman closed in on his last major bastion of support. The fugitive Gaddafi's exact whereabouts were still not known and it was possible he was still in
Published 29 Aug, 2011 12:00am
Qadhafi stronghold under threat from air, land

Qadhafi stronghold under threat from air, land

Nato warplanes bombed Muammar Qadhafi's hometown of Sirte on Sunday as forces opposed to the fallen strongman closed in on his last major bastion of support. The fugitive Gaddafi's exact whereabouts were still not known and it was possible he was still in
Published 29 Aug, 2011 12:00am
Mixed trend on KSE

Mixed trend on KSE

The Karachi Stock Exchange experienced mixed trend during the week ended on August 27, 2011, shortened to 4 days, the KSE-100 index closed at 10,901.76 points with a marginal gain of 21.87 points. "The index showed a timid recovery as the index appreciate
Published 29 Aug, 2011 12:00am
Mixed trend on KSE

Mixed trend on KSE

The Karachi Stock Exchange experienced mixed trend during the week ended on August 27, 2011, shortened to 4 days, the KSE-100 index closed at 10,901.76 points with a marginal gain of 21.87 points. "The index showed a timid recovery as the index appreciate
Published 29 Aug, 2011 12:00am
Mixed trend on KSE

Mixed trend on KSE

The Karachi Stock Exchange experienced mixed trend during the week ended on August 27, 2011, shortened to 4 days, the KSE-100 index closed at 10,901.76 points with a marginal gain of 21.87 points. "The index showed a timid recovery as the index appreciate
Published 29 Aug, 2011 12:00am
155.4 percent rise in futures trading

155.4 percent rise in futures trading

Trading volume at the futures counter increased by 155.4 percent during the week ended on August 27, 2011. Average daily volume at the futures counter increased to 7.56 million shares as compared to previous week's 2.96 million shares. The futures spread,
Published 29 Aug, 2011 12:00am
155.4 percent rise in futures trading

155.4 percent rise in futures trading

Trading volume at the futures counter increased by 155.4 percent during the week ended on August 27, 2011. Average daily volume at the futures counter increased to 7.56 million shares as compared to previous week's 2.96 million shares. The futures spread,
Published 29 Aug, 2011 12:00am
155.4 percent rise in futures trading

155.4 percent rise in futures trading

Trading volume at the futures counter increased by 155.4 percent during the week ended on August 27, 2011. Average daily volume at the futures counter increased to 7.56 million shares as compared to previous week''s 2.96 million shares. The futures spread
Published 29 Aug, 2011 12:00am
155.4 percent rise in futures trading

155.4 percent rise in futures trading

Trading volume at the futures counter increased by 155.4 percent during the week ended on August 27, 2011. Average daily volume at the futures counter increased to 7.56 million shares as compared to previous week''''s 2.96 million shares. The futures spre
Published 29 Aug, 2011 12:00am
Embittered Mirza resigns, flays Malik and MQM

Embittered Mirza resigns, flays Malik and MQM

The inevitable has happened. Dr Zulfiqar Mirza, who had become a partisan minister by making highly inflammatory statements, stirring controversies and damaging government reconciliation efforts, has resigned.
Published 29 Aug, 2011 12:00am
Embittered Mirza resigns, flays Malik and MQM

Embittered Mirza resigns, flays Malik and MQM

The inevitable has happened. Dr Zulfiqar Mirza, who had become a partisan minister by making highly inflammatory statements, stirring controversies and damaging government reconciliation efforts, has resigned.
Published 29 Aug, 2011 12:00am
Malik denies allegations

Malik denies allegations

Federal Interior Minister Rehman Malik while responding to the allegations of Dr Zulfiqar Mirza said that Mirza levelled allegations against him due to police and Rangers's action against criminals in Lyari. Addressing a press conference at State Guest Ho
Published 29 Aug, 2011 12:00am
Malik denies allegations

Malik denies allegations

Federal Interior Minister Rehman Malik while responding to the allegations of Dr Zulfiqar Mirza said that Mirza levelled allegations against him due to police and Rangers's action against criminals in Lyari. Addressing a press conference at State Guest Ho
Published 29 Aug, 2011 12:00am
MQM condems charges as baseless

MQM condems charges as baseless

Muttahida Qaumi Movement (MQM) has strongly condemned Sindh senior minister Dr Zulfiqar Ali Mirza's allegations against MQM and its party leadership, terming the allegations a conspiracy against it.
Published 29 Aug, 2011 12:00am
MQM condems charges as baseless

MQM condems charges as baseless

Muttahida Qaumi Movement (MQM) has strongly condemned Sindh senior minister Dr Zulfiqar Ali Mirza's allegations against MQM and its party leadership, terming the allegations a conspiracy against it.
Published 29 Aug, 2011 12:00am
Bernanke's speech helps markets to recover

Bernanke's speech helps markets to recover

Prior to Federal Reserve Chairman Ben Bernanke's monetary policy speech on Friday, the market waited anxiously to hear him in a very tense moment, fearing that anything could happen in the financial market. Financial market feared that new quantitative ea
Published 29 Aug, 2011 12:00am
Bernanke's speech helps markets to recover

Bernanke's speech helps markets to recover

Prior to Federal Reserve Chairman Ben Bernanke's monetary policy speech on Friday, the market waited anxiously to hear him in a very tense moment, fearing that anything could happen in the financial market. Financial market feared that new quantitative ea
Published 29 Aug, 2011 12:00am
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