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Archive - 2011-08-30
Nasdaq rises 1 percent
Financial

Nasdaq rises 1 percent

NEW YORK : US stocks added to gains toward the end of a volatile session on Tuesday after the latest Federal Reser
Published 30 Aug, 2011 07:55pm
Eid-ul-Fitr today
Top News

Eid-ul-Fitr today

KARACHI : Eid-ul- Fitr will be celebrated in the country on Aug 31, announced Chairman Central Ruet-i- Hilal Committee,
Published 30 Aug, 2011 07:38pm
Gold inches up after 2pc fall
Top News

Gold inches up after 2pc fall

SINGAPORE : Gold regained strength on Tuesday as bargain hunting resurfaced after prices dropped more than 2 percent in
Published 30 Aug, 2011 05:39am
Japan confirms Noda as new PM
Top News

Japan confirms Noda as new PM

TOKYO: Yoshihiko Noda became Japan's sixth new prime minister in five years on Tuesday, starting a term in which he must
Published 30 Aug, 2011 05:27am
Japan July zinc exports fall 12pc yr/yr
Top News

Japan July zinc exports fall 12pc yr/yr

TOKYO: Japan's refined zinc exports for July fell 12 percent from a year earlier to 6,680 tonnes, a slower pace of decli
Published 30 Aug, 2011 04:38am
All that glitters is gold
BR Research

All that glitters is gold

Having reached their 10-year historical peak, gold prices are getting dizzier at the top. Yet, given the unyielding demand generated by punt
Published 30 Aug, 2011 12:00am
Japanese rating downgrade
BR Research

Japanese rating downgrade

Moodys warning to downgrade Japan - after the giant slipped back into recession in the first quarter due to falling output and exports follo
Published 30 Aug, 2011 12:00am
Afghan Taliban want to develop mining sector

Afghan Taliban want to develop mining sector

The leader of the Afghan Taliban said his group wants to boost the country's mining and energy sectors once it regains strength after the Nato-led force fighting them pulls out in 2014. Interest in economic stability and investment in mining marks a new a
Published 30 Aug, 2011 12:00am
Afghan Taliban want to develop mining sector

Afghan Taliban want to develop mining sector

The leader of the Afghan Taliban said his group wants to boost the country''s mining and energy sectors once it regains strength after the Nato-led force fighting them pulls out in 2014. Interest in economic stability and investment in mining marks a new
Published 30 Aug, 2011 12:00am
Ready Market: SECP approves 45 securities for short selling

Ready Market: SECP approves 45 securities for short selling

The Securities and Exchange Commission of Pakistan (SECP) has approved 45 securities for short selling under Ready Market. The Karachi Stock Exchange (KSE), in its notice issued here on Monday said that these securities are also eligible for Securities Le
Published 30 Aug, 2011 12:00am
Ready Market: SECP approves 45 securities for short selling

Ready Market: SECP approves 45 securities for short selling

The Securities and Exchange Commission of Pakistan (SECP) has approved 45 securities for short selling under Ready Market. The Karachi Stock Exchange (KSE), in its notice issued here on Monday said that these securities are also eligible for Securities Le
Published 30 Aug, 2011 12:00am
Ready Market: SECP approves 45 securities for short selling

Ready Market: SECP approves 45 securities for short selling

The Securities and Exchange Commission of Pakistan (SECP) has approved 45 securities for short selling under Ready Market. The Karachi Stock Exchange (KSE), in its notice issued here on Monday said that these securities are also eligible for Securities Le
Published 30 Aug, 2011 12:00am
Ratings agency releases list of world's '10 safest airlines'

Ratings agency releases list of world's '10 safest airlines'

Air France-KLM, British Airways and Lufthansa are the safest airlines in Europe, according to a study ranking the "ten safest airlines" by the Air Transport Rating Agency (ATRA) released Monday. The safest US-based airlines are AMR Corporation, Continenta
Published 30 Aug, 2011 12:00am
Ratings agency releases list of world's '10 safest airlines'

Ratings agency releases list of world's '10 safest airlines'

Air France-KLM, British Airways and Lufthansa are the safest airlines in Europe, according to a study ranking the "ten safest airlines" by the Air Transport Rating Agency (ATRA) released Monday. The safest US-based airlines are AMR Corporation, Continenta
Published 30 Aug, 2011 12:00am
Ratings agency releases list of world''s ''10 safest airlines''

Ratings agency releases list of world''s ''10 safest airlines''

Air France-KLM, British Airways and Lufthansa are the safest airlines in Europe, according to a study ranking the "ten safest airlines" by the Air Transport Rating Agency (ATRA) released Monday. The safest US-based airlines are AMR Corporation, Continenta
Published 30 Aug, 2011 12:00am
ECB chief urges eurozone to implement debt crisis plan

ECB chief urges eurozone to implement debt crisis plan

European Central Bank president Jean-Claude Trichet urged eurozone governments on Monday to quickly implement a debt crisis plan, under a cloud of high economic uncertainty and market turmoil. Eurozone leaders approved a second bailout of Greece last mont
Published 30 Aug, 2011 12:00am
ECB chief urges eurozone to implement debt crisis plan

ECB chief urges eurozone to implement debt crisis plan

European Central Bank president Jean-Claude Trichet urged eurozone governments on Monday to quickly implement a debt crisis plan, under a cloud of high economic uncertainty and market turmoil. Eurozone leaders approved a second bailout of Greece last mont
Published 30 Aug, 2011 12:00am
ECB chief urges eurozone to implement debt crisis plan

ECB chief urges eurozone to implement debt crisis plan

European Central Bank president Jean-Claude Trichet urged eurozone governments on Monday to quickly implement a debt crisis plan, under a cloud of high economic uncertainty and market turmoil. Eurozone leaders approved a second bailout of Greece last mont
Published 30 Aug, 2011 12:00am
Bomb recovered near Baghdadi police station

Bomb recovered near Baghdadi police station

A powerful bomb was recovered in the precincts of Baghdadi police station on Monday. According to police sources, Baghdadi police station had received a call, which revealed that a powerful bomb was planted in an unclaimed bike parked near Maulvi Usman Pa
Published 30 Aug, 2011 12:00am
HBFCL now a customer-focused housing finance institution

HBFCL now a customer-focused housing finance institution

House Building Finance Company Limited (HBFCL) on Monday announced profit after-tax of Rs 95 million for the first half of 2011. According to the statement issued here, the company had earlier announced an annual profit after tax of Rs 113 million on Marc
Published 30 Aug, 2011 12:00am
Mirza's charges: Nisar wants judicial commission

Mirza's charges: Nisar wants judicial commission

Amid growing political bickering in the country following the allegations by former senior Sindh minister Dr Zulfiqar Mirza against Muttahida Qaumi Movement (MQM) and Interior Minister Rehman Malik.
Published 30 Aug, 2011 12:00am
Three killed in Karachi

Three killed in Karachi

Three persons were killed here on Monday in separate incidents in different areas of the metropolis. According to police, two bullet-riddled bodies of youth were found from the limits of Manghopir police station. Police said the identities of victims were
Published 30 Aug, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 30 Aug, 2011 12:00am
National Assembly, Senate summoned on September 12

National Assembly, Senate summoned on September 12

The National Assembly and Senate would meet on September 12, 2011 and law and order situation in Karachi along with the 'explosive disclosures' of Dr Zulfiqar Mirza and his resignation as Sindh's senior minister and Vice President of PPP are likely to be
Published 30 Aug, 2011 12:00am
Three including infant killed in road mishap

Three including infant killed in road mishap

At least three persons including an infant were killed and over a dozens others wounded when an inter-city bus overturned at super highway in the limits of Gadap police station. According to police, the driver lost control over the bus, which was on the w
Published 30 Aug, 2011 12:00am
Nato boosts efforts to control frontier with Pakistan

Nato boosts efforts to control frontier with Pakistan

Alim Mohammad surveys the stretch of land he has guarded for the last four years, squinting under the sunlight from a cliff overlooking what the United States calls the most dangerous place in the world. The Afghanistan-Pakistan border is porous, long and
Published 30 Aug, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 30 Aug, 2011 12:00am
TCP trade deficit doubled in 2009-10: Audit report

TCP trade deficit doubled in 2009-10: Audit report

Trade debt of Trading Corporation of Pakistan (TCP) almost doubled, from Rs 16.21 billion in 2008-09 to Rs 31.3 billion in 2009-10. According to Audit Report 2010-11 of Audit General of Pakistan (AGP), all possible efforts were required for early recovery
Published 30 Aug, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Aug, 2011 12:00am
'No shortage of medicines in Astore'

'No shortage of medicines in Astore'

There is no shortage of medicines in hospitals and dispensaries of the district and the doctors, para-medical staff are performing their duties efficiently. This was stated by District Health Officer (DHO) Shaheen Shah while talking to newsmen on Monday.
Published 30 Aug, 2011 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 30 Aug, 2011 12:00am
Tea import increases by 17.03 percent

Tea import increases by 17.03 percent

The Import of tea in the country registered an increase of 17.03 percent during first month of financial year as the country consumed about 9,116 tonnes in the month of July 2011. According to data released by Federal Board of Statistics (FBS), during the
Published 30 Aug, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Aug, 2011 12:00am
Five killed in Darya Khan firing incident

Five killed in Darya Khan firing incident

Local police registered case against seven persons in the late night firing incident in which five persons were killed in Darya Khan Market here. Unidentified persons sprayed people with bullets at a Billiard club in Ansari market late night Sunday. Three
Published 30 Aug, 2011 12:00am
Students awarded chevening scholarships

Students awarded chevening scholarships

British Council awarded the Chevening scholarships to the six people of Punjab on Monday. A ceremony was organised by British Council in this regard. Provincial Secretary Literacy Dr Allah Baksh Malik while Executive Committee of British Council was also
Published 30 Aug, 2011 12:00am
'Business mafia' creates fear among dengue patients

'Business mafia' creates fear among dengue patients

The business mafia has created unnecessary fear and harassment among the people regarding the availability of platelet kits used for treatment of dengue fever. Dean, Institute of Public Health, Muhammad Yaqoob Qazi stated this while addressing a public aw
Published 30 Aug, 2011 12:00am
Punjab government approves construction of flyovers, underpass

Punjab government approves construction of flyovers, underpass

The Punjab government has on Monday approved construction of flyovers at the canal on Ferozepur Road and an underpass at Kainchi near Chungi Amar Sadho. Also, Punjab Chief Minister Muhammad Shahbaz Sharif has directed the concerned officials to complete M
Published 30 Aug, 2011 12:00am
Low sales, turnout of shoppers: traders show frustration

Low sales, turnout of shoppers: traders show frustration

The momentum of Eid shopping has picked up in the provincial capital a day before the Eid-ul-Fitr, but the traders showed frustration over low sales and turnout of shoppers. In the last days of Ramazan, huge crowd were seen in major markets of Lahore, inc
Published 30 Aug, 2011 12:00am
105 criminals including 20 POs held

105 criminals including 20 POs held

The capital city police on Monday claimed to have arrested 105 criminals including 20 proclaimed offenders and recovered lethal weapons from their possession. Following special directives of CCPO Imtaiz Altaf, the city police started grand operation again
Published 30 Aug, 2011 12:00am
Hunza riots: 11 acquitted for lack of evidence

Hunza riots: 11 acquitted for lack of evidence

Eleven out of 22 persons arrested for their alleged involvement in riots that erupted in the valley after heinous murder of two IDPs of Attabad by the police have been released due to lack of evidence. The persons acquitted include Afsar Jan, Mashgul, Kar
Published 30 Aug, 2011 12:00am
Sweet sellers waiting for buyers on Eid

Sweet sellers waiting for buyers on Eid

Eid preparations have reached at climax and sweet sellers in the twin cities are now waiting for the buyers to sell their traditional recipes and sweets. Food plays a central role in the festivities and the days leading up to Eid-ul-Fitr are among the bus
Published 30 Aug, 2011 12:00am
THE RUPEE: dollar gains

THE RUPEE: dollar gains

Persisting demand for dollars pushed the rupee down against the greenback on the currency market on Monday, dealers said. The rupee continued it downward journey against dollar, shedding five paisa for buying at 87.18 and lost seven paisa for selling at 8
Published 30 Aug, 2011 12:00am
Professor Atta to get honorary PhD degree from Malaysian university

Professor Atta to get honorary PhD degree from Malaysian university

Professor Dr Atta-ur-Rehman the Co-ordinator General of OIC Standing Committee on Science and Technology (COMSTECH) would receive an honorary PhD degree from the University of the Technology Malaysia in October 2011. According to a letter of the universit
Published 30 Aug, 2011 12:00am
THE RUPEE: dollar gains

THE RUPEE: dollar gains

Persisting demand for dollars pushed the rupee down against the greenback on the currency market on Monday, dealers said. The rupee continued it downward journey against dollar, shedding five paisa for buying at 87.18 and lost seven paisa for selling at 8
Published 30 Aug, 2011 12:00am
PTV arranges three-day transmission on Eid

PTV arranges three-day transmission on Eid

Pakistan Television has arranged a three-day special transmission on Eid to entertain viewers with a variety of programmes to celebrate the festivity with their friends and families. PTV has prepared special programmes for youth, children, women especiall
Published 30 Aug, 2011 12:00am
Iesco makes arrangements for consumers

Iesco makes arrangements for consumers

Islamabad Electric Supply Company (IESCO) under special arrangements on the eve of Eid-ul-Fitar holidays deputed IESCO's officers and officials for this purpose. IESCO appeals to all of its valued consumers to cooperate IESCO and in case of any interrupti
Published 30 Aug, 2011 12:00am
Salu teachers call off strike

Salu teachers call off strike

A group of teachers of Shah Abdul Latif University (Salu) has called off their protest, says a statement on Monday. It said they agreed with the decision of the Dean's Committee regarding the award of scholarships to what was termed as weaker departments.
Published 30 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am
ZTBL helps Pakistan cope with climatic change

ZTBL helps Pakistan cope with climatic change

Agriculture sector is prone to climate change the world over and Pakistan has to cope with food security challenges in the wake of this climatic change. The ZTBL has geared up its efforts to support the Government initiatives in this direction, said the P
Published 30 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am
Another terror bid foiled

Another terror bid foiled

Police and law enforcement agencies foiled another terror bid in the capital after arresting two terrorists with huge quantity of explosives from the outskirts of Islamabad on Monday. Police said that huge quantity of explosives, arms and ammunition was r
Published 30 Aug, 2011 12:00am
Profit after tax of Service Industries increases

Profit after tax of Service Industries increases

The profit after tax of Service Industries Limited has increased to Rs 283.145 million in the half year period ended June 30, 2011 as compared to Rs 233.577 million earned in the corresponding period in 2010. The companies earning per share has surged to
Published 30 Aug, 2011 12:00am
Profit after tax of Service Industries increases

Profit after tax of Service Industries increases

The profit after tax of Service Industries Limited has increased to Rs 283.145 million in the half year period ended June 30, 2011 as compared to Rs 233.577 million earned in the corresponding period in 2010. The companies earning per share has surged to
Published 30 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 Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am
EFU posts Rs 192.874 million as profit after tax

EFU posts Rs 192.874 million as profit after tax

The EFU General Insurance Limited has posted Rs 192.874 million as profit after tax in the half year period ended June 30, 2011 as compared to after tax loss of Rs 708.441 million recorded in the corresponding period in 2010. The board of directors of the
Published 30 Aug, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am
EFU posts Rs 192.874 million as profit after tax

EFU posts Rs 192.874 million as profit after tax

The EFU General Insurance Limited has posted Rs 192.874 million as profit after tax in the half year period ended June 30, 2011 as compared to after tax loss of Rs 708.441 million recorded in the corresponding period in 2010. The board of directors of the
Published 30 Aug, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am
KU distributes relief goods to rain victim

KU distributes relief goods to rain victim

The faculty, staff and students of Karachi University distributed relief goods worth over Rs 600,000 among the rain affectees in Thatta, Sujawal and Jati areas. KU Pro Vice-Chancellor, Professor Dr Shahana Urooj Kazmi, led the 34-member team of the instit
Published 30 Aug, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am
Imran demands immediate removal of Malik

Imran demands immediate removal of Malik

Pakistan Tehreek-e-Insaf (PTI) Chief Imran Khan on Monday demanded immediate removal of Federal Interior Minister Rehman Malik, besides suspending his Senate membership after he was nabbed by top PPP leader Zulfikar Mirza for Karachi unrest. Mirza, a top
Published 30 Aug, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am
ADB calls for sustained commitment to prevent HIV/AIDS spread

ADB calls for sustained commitment to prevent HIV/AIDS spread

The Asian Development Bank (ADB) has called for sustained commitment, leadership and partnerships to prevent the further spread of HIV/AIDS. According to press statement received here on Monday, ADB Vice President for Knowledge Management and Sustainable
Published 30 Aug, 2011 12:00am
Transfers and postings in FBR

Transfers and postings in FBR

The Federal Board of Revenue (FBR) has transferred and posted two officials of Inland Revenue Service (Grade-19) with immediate effect. According to a notification issued here on Monday, Rana Muhammad Luqman (IRS/BS-19) has been transferred from Secretary
Published 30 Aug, 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 Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am
Non-payment of salaries: KESC employees protest turns violent; 10 hurt

Non-payment of salaries: KESC employees protest turns violent; 10 hurt

At least 10 persons including three policemen were injured during a protest demonstration staged by the employees of Karachi Electric Supply Company (KESC) at the head office over non-payment salaries. According to KESC sources and eyewitnesses, the emplo
Published 30 Aug, 2011 12:00am
PBA condemns violence against Khyber News staff

PBA condemns violence against Khyber News staff

The Pakistan Broadcasters Association (PBA) Board of Directors in a meeting held here on Friday strong condemned the wanton act of violence against the staff members of Khyber News. The PBA Board of Directors was informed that this dastardly attack came a
Published 30 Aug, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am
Seeking ADB's support

Seeking ADB's support

In a meeting with Vice-President Xiaoyu Zhao and Director General, Juan Miranda of the Asian Development Bank (ADB) on 25th August, 2011, Prime Minister Syed Yousuf Raza Gilani asked for the provision of financial resources that are not likely to be made
Published 30 Aug, 2011 12:00am
Mirza's thunderous fury

Mirza's thunderous fury

Dr Zulfiqar Mirza has lived up to his reputation; he was enigmatic, dramatic and furious during most of his 100-minute conference at the Karachi Press Club on Sunday. His targets ranged from the MQM to Rehman Malik to Sindhi nationalists, and his disclosu
Published 30 Aug, 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 Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am
Re-colonisation: its real face

Re-colonisation: its real face

On August 23, after rebels entered Libyan leader Moammar Qadhafi's compound in Tripoli, Nato admitted the presence of its troops in Libya exposing who really ended Qadhafi's 42-year "despotic" rule; despotic his rule was, but was not corrupt as proved by
Published 30 Aug, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am
Germany celebrates 125 years of the automobile

Germany celebrates 125 years of the automobile

Germany is celebrating this year the birth of the automobile, with a patent applied for by Carl Benz 125 years ago for a motorised tricycle, in hopes of drawing tourists smitten by cars. The national tourism office has made the auto industry a highlight o
Published 30 Aug, 2011 12:00am
Democracy or demon-crazy?

Democracy or demon-crazy?

Yesterday's Press Conference has exposed the ugly face of democracy. Now the debate should not center on whether all the facts stated are authentic or not. The fact of the matter is that the intricate nature of how democracy as an institution operates has
Published 30 Aug, 2011 12:00am
Salu's Eid holidays

Salu's Eid holidays

The Registrar of Shah Abdul Latif University, Khairpur, on Monday announced that the University will remain closed from August 31 to September 3 on account of Eid-ul-Fitr. The University will reopen on September 5, says an announcement on Monday.
Published 30 Aug, 2011 12:00am
Bashir Qureshi, Sarki reject Mirza's allegations

Bashir Qureshi, Sarki reject Mirza's allegations

Chairman, Jeay Sindh Qaumi Mahaz (JSQM), Bashir Khan Qureshi, and President, Jeay Sindh Tehreek (JST), Dr Safdar Sarki, have outrightly rejected Dr Zulifqar Mirza's allegations that the they had called him to release those who have been arrested in connec
Published 30 Aug, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am
KSE Eid holidays

KSE Eid holidays

The Karachi Stock Exchange will remain closed from Wednesday, August 31, 2011 to Saturday, September 03, 2011 on account of Eid-ul-Fitr. "The government has announced Eid-ul-Fitr holidays from August 31 to September 03, consequently the KSE will remain cl
Published 30 Aug, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 30 Aug, 2011 12:00am
Insecticides spray on Eid

Insecticides spray on Eid

On the occasion of Eid-ul-Fitr, a town-wise fogging spray programme along with insecticides spray has been arranged by the Health Department of City District Government Karachi in co-ordination with the town municipal administration. Eighteen vehicles wil
Published 30 Aug, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 30 Aug, 2011 12:00am
Capital police bust four gangs of criminals

Capital police bust four gangs of criminals

Islamabad Police busted four notorious gangs of outlaws involved in dacoities, vehicle theft and other crimes and recovered stolen items worth Rs 4 million along with two cars, four motorcycles and one kalashnikov. The Criminal Investigation Agency of Isl
Published 30 Aug, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (August 29, 2011).

Published 30 Aug, 2011 12:00am
Mirza lifts lid off crimes of rulers: Baloch

Mirza lifts lid off crimes of rulers: Baloch

The Jamaat-e-Islami Secretary General Liaquat Baloch, has said that Dr Zulfikar Mirza has lifted the lid off the crimes and the incompetence of the federal and the Sindh governments and revealed that the MQM was involved in the Karachi killings. Addressin
Published 30 Aug, 2011 12:00am
The Weather

The Weather

The weather report on Monday (August 29, 2011) and the forecast for Tuesday (August 30, 2011).

Published 30 Aug, 2011 12:00am
'Karachi issue to be resolved by politicians'

'Karachi issue to be resolved by politicians'

Pakistan Muslim League (Q) chief Chaudhry Shujaat on Monday said that issue of Karachi was political and may be resolved by politicians. Talking to a private news channel, he said Army, the Rangers or police or other security forces are unable to tackle i
Published 30 Aug, 2011 12:00am
Tight security at Supreme Court Karachi registry

Tight security at Supreme Court Karachi registry

Tight security arrangements were witnessed at Supreme Court during the hearing of suo motu case regarding targeted killings in Karachi. Special arrangements were also seen in the premises of the court to ensure foolproof security. Heavy contingents of pol
Published 30 Aug, 2011 12:00am
Procurement of 150 locomotives by Railways in limbo

Procurement of 150 locomotives by Railways in limbo

Procurement of 150 locomotives by Pakistan Railways (PR) is in limbo as the process has been delayed due to third party evaluation of the procurement process. Pre-bid conference for the procurement of locomotives was scheduled to be held on September 6 wh
Published 30 Aug, 2011 12:00am
Burns centre treating patients with latest facilities free of cost

Burns centre treating patients with latest facilities free of cost

A total of 4,298 patients were admitted in Civil Hospital Burns Centre was during 2005 to June 20, 2011, out of them 2,425 were discharged after treatment whereas 1,684 expired. The burns center was established at civil hospital under the patronage of a p
Published 30 Aug, 2011 12:00am
Altaf hospitalised in London

Altaf hospitalised in London

Chief Muttahida Quami Movement (MQM) Altaf Hussain is under treatment in a local hospital in London. A press statement issued by the MQM says that Altaf Hussain fell ill one week ago, and he was taken to a hospital where he is recovering. The Co-ordinatio
Published 30 Aug, 2011 12:00am
Ufone offers Samsung Galaxy S II

Ufone offers Samsung Galaxy S II

Ufone launched one of the leading high end android smartphones in the market amidst great excitement. The Samsung Galaxy S II smartphone has one of the fastest operating systems and is coupled with a powerful yet beautiful hardware to give it the look of
Published 30 Aug, 2011 12:00am
KCCI team discusses liberalisation of visa with Indian official

KCCI team discusses liberalisation of visa with Indian official

Karachi Chamber of Commerce and Industry's high-level business delegation headed by Junaid Esmail Makda, Vice-President, met Arvind Mehta, IAS, Joint Secretary Commerce, Government of India at New Delhi and exchanged views on liberalisation of visa and en
Published 30 Aug, 2011 12:00am
US MIDDAY: gold trims decline

US MIDDAY: gold trims decline

Gold prices trimmed early steep losses in thin trade on Monday, with bullion down about 2.25 percent after Wall Street stocks rallied as investors' risk tolerance increased. But the downside was limited for the yellow metal, sought as a safe-haven in time
Published 30 Aug, 2011 12:00am
US MIDDAY: copper eases

US MIDDAY: copper eases

COMEX copper fell moderately on Monday, reversing earlier gains, when the dollar turned positive following a strong US personal spending reading, but selling was limited as the industrial metal found support from a rallying US stock market. Moves were lim
Published 30 Aug, 2011 12:00am
US MIDDAY: soya rallies

US MIDDAY: soya rallies

US soyabean futures rose 1.3 percent on Monday, supported by concerns that dry weather in the US Midwest will push this year's harvest below expectations. "The big thing is dry weather concerns across the Midwest and a lack of rain in the forecast," said
Published 30 Aug, 2011 12:00am
Gold falls 2.7 percent in European trade

Gold falls 2.7 percent in European trade

Gold prices dropped sharply in holiday-thinned trade on Monday, falling as much as 2.7 percent after Wall Street stocks opened higher, deflecting interest from the safe-haven metal. US equities opened up more than 1 percent, supported by gains in European
Published 30 Aug, 2011 12:00am
Spot gold falls in Asia

Spot gold falls in Asia

Spot gold fell more than 1 percent on Monday, reversing a rally of 3.2 percent in the previous session, as investors faced with uncertainties over the US Federal Reserve's stimulus plans decided to take some money off the table. US Federal Reserve Chairma
Published 30 Aug, 2011 12:00am
Arabicas shoot up to 3-1/2 month high, sugar slumps

Arabicas shoot up to 3-1/2 month high, sugar slumps

Arabica coffee futures soared to a 3-1/2 month top Monday on tight supplies and fund buying even though the market is seen heavily overbought and due a correction. Cocoa futures vaulted higher as well while sugar crumbled in dealings thinned out by a bank
Published 30 Aug, 2011 12:00am
Malaysian palm oil surges to 1.5 percent

Malaysian palm oil surges to 1.5 percent

Malaysian palm oil futures climbed 1.5 percent on Monday as a grim outlook for US grains raised concerns over food supplies and lifted other commodity markets, traders said. Palm oil, which has lost about 20 percent so far this year due to high stocks, go
Published 30 Aug, 2011 12:00am
Tokyo, Shanghai rubber soar

Tokyo, Shanghai rubber soar

Key Tokyo rubber futures settled slightly higher on Monday after moving in a tight range with large-lot investors taking a wait-and-see stance ahead of US jobs data due later this week. The key Tokyo Commodity Exchange rubber contract for February deliver
Published 30 Aug, 2011 12:00am
Brent, US crude rise

Brent, US crude rise

Brent crude rose a fifth straight session on Monday as equities rallied on a rise in consumer spending, strong financials and relief that damage from Hurricane Irene was less severe than expected. US consumer spending rose at its fastest pace in five mont
Published 30 Aug, 2011 12:00am
Shanghai copper moves higher

Shanghai copper moves higher

Shanghai copper edged up on Monday as the dollar widened its losses and investors focused on a possible strike at the world's third largest copper mine, Indonesia's Grasberg. But news that Beijing will ask banks to hold more reserves and worries about a g
Published 30 Aug, 2011 12:00am
New York cotton settles higher

New York cotton settles higher

Cotton futures settled higher on Monday on investor buying in very thin dealings, with analysts saying a lack of interest and lack of market-moving news may keep trading in fibre contracts quiet this week. The key December cotton contract on ICE Futures U
Published 30 Aug, 2011 12:00am
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