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Archive - 2011-08-31
Current inflation target appropriate
Top News

Current inflation target appropriate

BANGKOK: Thailand's current inflation target range of 0.5-3.0 percent, which is used to guide monetary policy, is still
Published 31 Aug, 2011 11:35am
Car bomb kills 10 in Quetta: Police
Top News

Car bomb kills 10 in Quetta: Police

QUETTA: A car bomb killed at least 10 people on Wednesday and wounded 22 others celebrating Eid in a Shia Muslim area
Published 31 Aug, 2011 07:07am
Crude prices mixed in Asia
Energy

Crude prices mixed in Asia

SINGAPORE : Oil prices were mixed in Asian trade Wednesday as forecasts of a spike in US crude stockpiles were offset by
Published 31 Aug, 2011 05:57am
Urgent measures needed to overcome energy crisis: chief minister Punjab

Urgent measures needed to overcome energy crisis: chief minister Punjab

Punjab Chief Minister Muhammad Shahbaz Sharif has said that Pakistan is facing serious crisis of energy due to which all sectors of life including agriculture, industry and livestock are being affected badly. There is need of taking urgent measures for in
Published 31 Aug, 2011 12:00am
Textile industry to face power, gas shortage after Eid

Textile industry to face power, gas shortage after Eid

The textile industry circles fear that they will face gas as well as power shortage after Eid. Talking to Business Recorder, the industry circles pointed out that the textile industry in Punjab has faced gas loadshedding for 160 days since last winter.
Published 31 Aug, 2011 12:00am
Prime Minister appoints Chaudhry Azam as additional secretary

Prime Minister appoints Chaudhry Azam as additional secretary

Prime Minister Syed Yousuf Raza Gilani has appointed Chaudhry Muhammad Azam (SG/BS21) as Additional Secretary Planning and Development Division. Chaudhry Muhammad Azam has served as Managing Director of the Pakistan Oilseed Development Board, Member in FB
Published 31 Aug, 2011 12:00am
Chinese government assures TDAP of participating in sixth Expo Pakistan

Chinese government assures TDAP of participating in sixth Expo Pakistan

The Chinese government has assured Trade Development Authority of Pakistan (TDAP) that it would participate in the 6th Expo Pakistan being held in Karachi from October 20 to 23, 2011. This was affirmed by Zhao Jianding, Vice Chairman of Chinese Council fo
Published 31 Aug, 2011 12:00am
Handing over power Gencos to private sector supported

Handing over power Gencos to private sector supported

Business community has supported proposal of Water and Power Ministry to give control of some Power Generation Companies to private sector for a specified time in a bid to transform them into profit making entities. The suggestion is very positive which w
Published 31 Aug, 2011 12:00am
Karachiites urged to cooperate with government

Karachiites urged to cooperate with government

Prime Minister Syed Yousuf Raza Gilani has appealed to the people of Karachi to cooperate with the provincial government in its efforts to restore peace in the city. In his message to nation on Eid-ul-Fitr, the prime minister said the government is determ
Published 31 Aug, 2011 12:00am
Yellow Cab Scheme: Pak Suzuki Motors, BoP ink agreement

Yellow Cab Scheme: Pak Suzuki Motors, BoP ink agreement

An agreement was signed between Bank of Punjab and Pak Suzuki Motors Company regarding the Yellow Cab Scheme here Tuesday. President Bank of Punjab, Naeem-ud-Din Khan and Managing Director Pak-Suzuki Motors Company, Hirofumi Nagao signed the agreement. Sp
Published 31 Aug, 2011 12:00am
Half of population faces allergy risk

Half of population faces allergy risk

In Pakistan about half of the population is likely to have active symptoms allergy till 2015, this was the crux of the media briefing conducted by Dr Zulkifar Awan, Head of ENT department at Federal Government Services Hospital (Polyclinic), on Allergic R
Published 31 Aug, 2011 12:00am
Eid meant to spread affinity among people: President

Eid meant to spread affinity among people: President

President Asif Ali Zardari has said that the joyous moments of Eid-ul-Fitr are meant to encourage the spirit of love and affinity among the people, and urged the people to act as a source of happiness towards others. In his message to nation on Eid-ul-Fit
Published 31 Aug, 2011 12:00am
President grants special remission to prisoners

President grants special remission to prisoners

President Asif Ali Zardari on Tuesday, on the advice of the Prime Minister and under article 45 of the Constitution, approved special remission in jail terms on the occasion of Eid-ul-Fitr. Special remission of 90 days has been announced for the prisoners
Published 31 Aug, 2011 12:00am
British HC extends Eid greetings

British HC extends Eid greetings

British High Commissioner to Pakistan Adam Thomson has extended Eid greetings to Muslims saying that it is day of gratitude for everyday blessings. In his message on the occasion of Eid-ul-Fitr, the British High Commissioner said, "Eid-ul-Fitr is a specia
Published 31 Aug, 2011 12:00am
Chand Raat, Eid-ul-Fitr: Extra duties assigned to ITP Personnel

Chand Raat, Eid-ul-Fitr: Extra duties assigned to ITP Personnel

Islamabad Traffic Police (ITP) has decided to make special traffic deployment for "Chand Raat and Eid-ul-Fitr" wherein extra duties of ITP personnel have been assigned in markets, shopping areas, mosques and public parks to maintain the smooth traffic flo
Published 31 Aug, 2011 12:00am
D-8 members begin ratification of instruments of PTA

D-8 members begin ratification of instruments of PTA

The 'Developing Eight' (D-8) member countries have reportedly started ratification of the instruments of Preferential Trade Agreement (PTA), attaching hope of trade expansion between member countries, sources in the Ministry of Foreign Affairs told Bus
Published 31 Aug, 2011 12:00am
Shalamar Hospital's young doctors resign en bloc

Shalamar Hospital's young doctors resign en bloc

Shalamar Hospital's young doctors on Tuesday resigned en bloc as their demand for raise in their salaries was rejected by the hospital's administration. Young Doctors Association's office bearers, Dr Rana Sohail, Dr Salman Kazmi, Dr Talha Sherwani, Dr Ghu
Published 31 Aug, 2011 12:00am
APLDA seeks LPG price reduction by Rs 2,500 per ton

APLDA seeks LPG price reduction by Rs 2,500 per ton

The international price of liquefied petroleum gas (LPG) has declined by $27.50 to $842.50 per ton for September 2011, and local producers must reduce local LPG price by Rs 2500 per ton immediately. This was stated by the acting chairman of All Pakistan L
Published 31 Aug, 2011 12:00am
Iesco Mobile Customer Services schedule

Iesco Mobile Customer Services schedule

Islamabad Electric Supply Company (Iesco) has taken a lot of steps to facilitate its valued consumers. Iesco Mobile Customer Services Unit is one of them, which is providing services to the consumer at their doorsteps since long. In this regard, Iesco Mob
Published 31 Aug, 2011 12:00am
Nation urged to unite against adversities

Nation urged to unite against adversities

Rana Mushood Ahmed Khan, Deputy Speaker of the Punjab Assembly in his Eid message, here on Tuesday, has asked the nation to unite against all adversities. He asked them to show spirit of love and affection and sacrifice. He also stressed to show benevolen
Published 31 Aug, 2011 12:00am
Islamabad-Murree Gilani inaugurates Expressway

Islamabad-Murree Gilani inaugurates Expressway

Prime Minister Syed Yousuf Raza Gilani on Tuesday inaugurated the Islamabad-Murree Expressway worth over Rs 12 billion, terming it a new strategic link with Azad Jammu and Kashmir. Gilani unveiled the plaque of the four-lane 50 km long winding road throug
Published 31 Aug, 2011 12:00am
Silkbank's profit before tax increased

Silkbank's profit before tax increased

Silkbank has announced half-yearly results for the period ended June 30, 2011. The Bank's profit before tax increased from Rs 21.5 million in June 30, 2010 to Rs 337 million in June 30, 2011 depicting an astounding growth of 1467 percent. The profit annou
Published 31 Aug, 2011 12:00am
Silkbank's profit before tax increased

Silkbank's profit before tax increased

Silkbank has announced half-yearly results for the period ended June 30, 2011. The Bank's profit before tax increased from Rs 21.5 million in June 30, 2010 to Rs 337 million in June 30, 2011 depicting an astounding growth of 1467 percent. The profit annou
Published 31 Aug, 2011 12:00am
PHMA Northern Zone elects office-bearers

PHMA Northern Zone elects office-bearers

Sardar Usman Ghani and Ahmed Dawood have been elected as Central Chairman and Chairman Pakistan Hardware Merchant Association (PHMA) Northern Zone respectively for the year 2011-12. Those who have been elected as members of executive committee include Sar
Published 31 Aug, 2011 12:00am
Business community flays killing of industrialist

Business community flays killing of industrialist

The business community on Tuesday reiterated its concerns over the law and order situation in the city, stating that its was extremely upset by the assassination of Khalid Iqbal, a prominent industrialist, at I. I. Chundrigar Road. They urged the governme
Published 31 Aug, 2011 12:00am
KBP urges government to support flood-hit growers

KBP urges government to support flood-hit growers

Kisan Board Pakistan (KBP) Secretary Information Haji Muhammad Ramzan has urged the rulers to take notice of the plight of the growers who at one hand are crushed due to high prices of fertiliser, electricity, fuel and pesticides and on the other due to d
Published 31 Aug, 2011 12:00am
People asked to forge unity among their ranks

People asked to forge unity among their ranks

Governor of Sindh, Dr Ishrat-ul-Ebad Khan, in his Eid message to the masses has asked them to maintain unity in their ranks as this is a prerequisite for the progress and prosperity of Sindh. He said Eid festival being celebrated this year amidst difficul
Published 31 Aug, 2011 12:00am
UN envoy pays farewell call on Prime Minister

UN envoy pays farewell call on Prime Minister

UN's special envoy for assistance to Pakistan Rauf Engin Soysal paid a farewell call on Prime Minister Syed Yusuf Raza Gilani at the PM House on Tuesday. The Prime Minister appreciated the envoy's outstanding contributions to relief assistance after the e
Published 31 Aug, 2011 12:00am
CIP providing technical workforce to cutlery sector

CIP providing technical workforce to cutlery sector

Cutlery Institute of Pakistan (CIP) is successfully functioning and providing technical support to the business community engaged with cutlery industry in Wazirabad. Sources told Business Recorder in Wazirabad on Tuesday that the concept of establi
Published 31 Aug, 2011 12:00am
Transfers, postings in FBR

Transfers, postings in FBR

The Federal Board of Revenue (FBR) has transferred and posted six tax officials (Grade-17 to 18) with immediate effect.
Published 31 Aug, 2011 12:00am
Widespread heavy rains forecast for Sindh, east Balochistan

Widespread heavy rains forecast for Sindh, east Balochistan

The Met Office has forecast widespread heavy rain in Sindh and east Balochistan in the next 4-5 days. It says a well-marked monsoon strong weather system lies over Indian Gujarat and adjoining areas of south-east Sindh. Under the influence of this strong
Published 31 Aug, 2011 12:00am
Profit after tax of AICL increases to Rs 317.859 million

Profit after tax of AICL increases to Rs 317.859 million

The profit after tax of Adamjee Insurance Company has increased to Rs 317.859 million in the half year period ended June 30, 2011 as compared to Rs 298.689 million earned in the corresponding period in 2010. The company's earning per share increased to Rs
Published 31 Aug, 2011 12:00am
Profit after tax of AICL increases to Rs 317.859 million

Profit after tax of AICL increases to Rs 317.859 million

The profit after tax of Adamjee Insurance Company has increased to Rs 317.859 million in the half year period ended June 30, 2011 as compared to Rs 298.689 million earned in the corresponding period in 2010. The company's earning per share increased to Rs
Published 31 Aug, 2011 12:00am
PIA makes arrangements for Umrah passengers

PIA makes arrangements for Umrah passengers

Several of PIA flight flights have been affected due to congestion at Jeddah Airport in the current Umrah season. Managing Director PIA, Nadeem Khan Yousufzai has instructed PIA officials to provide special care to PIA Umrah Passengers. Under his guidance
Published 31 Aug, 2011 12:00am
SRB clarification

SRB clarification

It is clarified that Sindh Revenue Board (SRB)'s notification No S.R.B-3-4/3/2011 Dated: 26-08-2011, on the subject of relief and exemption, in the matter of Sales Tax on Services to the providers of construction and contractual services on supplies, has
Published 31 Aug, 2011 12:00am
Rs 1.5 billion ST collected by SRB

Rs 1.5 billion ST collected by SRB

The Sindh Revenue Board (SRB) has collected Rs 1.5 billion in the head of Sales Tax on Services (SToS) for July 2011. Though 25th August was the last date of paying taxes at SRB and 27th August 2011, was last date of filing of returns, the registered taxp
Published 31 Aug, 2011 12:00am
'Hindko Naatia Mushaira' organised

'Hindko Naatia Mushaira' organised

The Gandhara Hindko Board, a literary cultural and social welfare organisation organised a 'Hindko Naatia Mushaira' and 'Mehfil-e-Naat' and enthralled the audience as a group of Iranian Qaris added attraction to the function held every year in Ramazan. Th
Published 31 Aug, 2011 12:00am
Secretary EC calls on Gilani

Secretary EC calls on Gilani

Secretary Election Commission called on Prime Minister Syed Yousuf Raza Gilani here Tuesday and apprised him on the preparation of reforms being undertaken by the Election Commission of Pakistan to ensure fair, transparent and credible elections in the co
Published 31 Aug, 2011 12:00am
Citrus exporters to Russia must focus on proper banking channels

Citrus exporters to Russia must focus on proper banking channels

Pakistan's exporters of citrus need to focus on Russian market which offers a huge potential and is a big market, ready to absorb as much as they could export during the coming season. The exporters must go through proper banking channels as, in the past,
Published 31 Aug, 2011 12:00am
Delay in justice kills the spirit of justice

Delay in justice kills the spirit of justice

A justice seeker, Muhammad Ramzan, 56, has been waiting for justice for the last 11 years; he filed a civil suit praying for evacuation of his property from illegal occupant, but the matter is still in adjudication and, in effect, delayed because the resp
Published 31 Aug, 2011 12:00am
Islamabad Police bust gang of dacoits; 22 persons held

Islamabad Police bust gang of dacoits; 22 persons held

People in Federal Capital were deprived of vehicles and valuables as during last 24 hours 16 crime incidents were reported in the capital while Islamabad Police busted a gang of dacoits and held 22 persons for their involvement in dacoities, possession of
Published 31 Aug, 2011 12:00am
Capital police resolve 26 blind murders; over 40 held

Capital police resolve 26 blind murders; over 40 held

Capital Police have resolved 26 blind murders and held over 40 persons after collecting vital evidence against the culprits for their involvement in these murder cases, said a spokesman of Islamabad Police here on Tuesday.
Published 31 Aug, 2011 12:00am
APMA plans protest against Shahbaz Taseer's abduction

APMA plans protest against Shahbaz Taseer's abduction

All Pakistan Minorities Alliance (APMA) would stage nation-wide protest if Punjab government failed to recover Shahbaz Taseer, kidnapped son of the late governor, said APMA Chairman Dr Paul Bhatti. In a statement issued on Tuesday, Dr Paul said that APMA
Published 31 Aug, 2011 12:00am
PSF and SPO join hands for poverty alleviation

PSF and SPO join hands for poverty alleviation

Pakistan Science Foundation (PSF), Ministry of Science and Technology (MoST), and Strengthening Participatory Organisation (SPO) on Tuesday joined hands to improve livelihood of the people through collaborative programmes. The decision to this effect was
Published 31 Aug, 2011 12:00am
US MIDDAY: gold climbs

US MIDDAY: gold climbs

Gold rallied 2 percent on Tuesday boosted by a disappointing US consumer confidence report and by a top Federal Reserve official saying that strong and prolonged central bank accommodation is warranted given poor US economic growth.
Published 31 Aug, 2011 12:00am
US MIDDAY: copper surges

US MIDDAY: copper surges

Copper ended with a one-percent gain on Tuesday, as a sharp drop-off in Chilean output in July and a prospective strike at a major Indonesian mine placed further strain on an already-tight supply/demand balance. The rallies bucked a wave of risk aversion
Published 31 Aug, 2011 12:00am
US MIDDAY: wheat down

US MIDDAY: wheat down

US wheat futures fell early on Tuesday on some forecasts for rain in the parched US Plains that would improve soil conditions ahead of winter wheat planting, traders said. Corn prices also fell as traders locked in profits from contract highs hit on Monda
Published 31 Aug, 2011 12:00am
Gold leaps in European trade

Gold leaps in European trade

Gold burst higher on Tuesday, propelled by a Federal Reserve official who said he favoured some of the more aggressive policy tools at the central bank's disposal, which boosted other safe havens such as Treasuries and dented stocks.
Published 31 Aug, 2011 12:00am
US gold lower

US gold lower

Gold prices remained lower into late trade on Monday, as Wall Street stocks added to their gains on increased investor risk tolerance, but bullion cut its decline to about 2.20 percent as some buyers bought dips. Sought as a haven asset in times of uncert
Published 31 Aug, 2011 12:00am
Gold bounces in Asia

Gold bounces in Asia

Gold regained strength on Tuesday as bargain hunting resurfaced after prices dropped more than 2 percent in the previous session, but higher equities and easing worries about recession in the United States could limit gains. Spot gold added $10.71 to $1,7
Published 31 Aug, 2011 12:00am
Arabicas end at 3-1/2 month high, sugar drops

Arabicas end at 3-1/2 month high, sugar drops

Arabica coffee futures closed at a 3-1/2-month high on Tuesday, rising for the 16th straight session, while raw sugar fell in rangebound trade after investor buying subsided. Cocoa prices were mixed, with weak sterling against the US dollar weighing on th
Published 31 Aug, 2011 12:00am
Malaysian palm oil exports may hit record

Malaysian palm oil exports may hit record

Malaysian August palm oil exports are staying high with demand being generated by palm prices below soyoil, Hamburg-based oilseeds analysts Oil World said on Tuesday. Palm oil prices have fallen about 20 percent so far this year because of large stocks in
Published 31 Aug, 2011 12:00am
South Africa maize crop forecast seen down

South Africa maize crop forecast seen down

South Africa is likely to cut its maize output forecast for the May 2010/April 2011 season as continued wet weather in some parts of the country delay the harvesting process and damage crops, a Reuters survey showed on Tuesday.
Published 31 Aug, 2011 12:00am
Brent jumps $2 per barrel

Brent jumps $2 per barrel

Brent crude rose to the highest level in nearly a month on Tuesday, boosted by concerns about gasoline supplies and the threat of another tropical storm. Further support for prices came after Chicago Federal Reserve Bank President Charles Evans said he fa
Published 31 Aug, 2011 12:00am
Copper rallies with supply in spotlight

Copper rallies with supply in spotlight

Copper rallied on Tuesday with supply issues back in focus, given a sharp drop in top producer Chile's July output and a prospective strike at a major Indonesian copper mine, but poor consumer confidence figures checked gains. Three-month copper on the Lo
Published 31 Aug, 2011 12:00am
Shanghai copper up

Shanghai copper up

Copper rose on Tuesday, supported by encouraging US consumer data and a bank merger in Greece that offered investors some good news from the eurozone, while a strike threat at the world's third largest copper mine underpinned sentiment. The most-active No
Published 31 Aug, 2011 12:00am
US copper lower

US copper lower

COMEX copper finished lower on Monday, pressured by gains in the dollar after strong US personal spending data. Selling was limited as the industrial metal drew support from the higher US stock market. The benchmark US September copper contract traded on
Published 31 Aug, 2011 12:00am
New York cotton moves up

New York cotton moves up

Cotton futures ended higher on Tuesday on investor buying in light trade, with the slow pace of trade seen likely given the upcoming holiday weekend, analysts said. The cotton market is shut Monday for Labour Day. The key December cotton contract on ICE F
Published 31 Aug, 2011 12:00am
Securing the western border

Securing the western border

Those who never tire of accusing Pakistan of hosting Afghan militants should know that just the opposite of it has happened, as Pakistani Taliban, based in Afghanistan, now carry out incursions into Pakistan territory almost with regular frequency, exacti
Published 31 Aug, 2011 12:00am
Our society's backward, anti-women mindset

Our society's backward, anti-women mindset

The recent incident involving display of brutal police force at a private art gallery and café in Lahore has brought back the memory of the 1980s when the local authorities had the "obligation" of enforcing a hardcore, literalist brand of Islamic morality
Published 31 Aug, 2011 12:00am
Debt-ridden economy, bleak political scenario

Debt-ridden economy, bleak political scenario

Undoubtedly Pakistan is in a deep economic and political crisis - its multiple dimensions are disastrous and suggest a bleak future for democracy unless remedial measures are taken urgently. In the wake of what a newspaper's headline termed 'Hurricane Mir
Published 31 Aug, 2011 12:00am
Higher than the Himalayas

Higher than the Himalayas

To say that relations between Pakistan and China are deep-rooted, would be an understatement. They are vibrant, ever-growing and perhaps indescribable by any word in the diplomatic parlance. Therefore the correct expression would be to term them as 'Highe
Published 31 Aug, 2011 12:00am
World's 7 billionth person about to be born

World's 7 billionth person about to be born

In the days ahead, a baby will be born who will take the global population above 7 billion for the first time, and in all probability that birth will take place in China or India, the two countries with more than a billion inhabitants.
Published 31 Aug, 2011 12:00am
Ode to Karachi

Ode to Karachi

The morning mist settles to the sound of wailing The young and the old, all there in white, lifted towards their burials. A war, a plague? No, just Karachi to the sound of bullets, the smell of death slowly walks this city. But who cares? no one more deat
Published 31 Aug, 2011 12:00am
Afghan president sends would-be child suicide bombers home

Afghan president sends would-be child suicide bombers home

Afghan President Hamid Karzai ordered on Tuesday that eight would-be child suicide bombers, groomed by the Taliban but rescued by authorities, be sent back to their families. The group, which contains a seven-year-old, are the youngest among some 20 child
Published 31 Aug, 2011 12:00am
Jerusalem Post fires writer over 'right to terror' blog

Jerusalem Post fires writer over 'right to terror' blog

The English-language Jerusalem Post said on Tuesday it had terminated the employment of a columnist who wrote in a private blog that Palestinians "have the right to use terrorism" against Israelis. The right-leaning daily announced on its front page that
Published 31 Aug, 2011 12:00am
British minister accidentally reveals Afghan memo

British minister accidentally reveals Afghan memo

A British minister accidentally revealed a sensitive government document on Afghanistan Tuesday which says London should welcome President Hamid Karzai's departure in 2014. International Development Minister Andrew Mitchell inadvertently left the document
Published 31 Aug, 2011 12:00am
Russian Muslims flood into streets for Eid festival

Russian Muslims flood into streets for Eid festival

Muslims in Russia Tuesday crammed into mosques to fete the end of the Ramazan holy month, with thousands unable to fit inside spilling out into the streets and triggering huge traffic jams. Tens of thousands of Muslims gathered in Moscow and Saint-Petersb
Published 31 Aug, 2011 12:00am
US, Australia schemed against IAEA chief: cable

US, Australia schemed against IAEA chief: cable

The United States and Australia schemed unsuccessfully in 2005 to block Mohamed ElBaradei's election to a third term as head of the International Atomic Energy Agency, a newly leaked US diplomatic cable shows. Both countries were unhappy with ElBaradei's
Published 31 Aug, 2011 12:00am
Obama's uncle arrested on drink drive charge

Obama's uncle arrested on drink drive charge

An uncle of President Barack Obama was arrested last week near Boston on a charge of drunk driving, police said Monday. Onyango Obama was arrested in Framingham, Massachusetts, on August 24 and charged in Framingham District Court with operating a vehicle
Published 31 Aug, 2011 12:00am
Indonesians left hungry as Eid festival postponed

Indonesians left hungry as Eid festival postponed

Many Indonesians found themselves hungry and confused on Tuesday after the government declared the Eidul-Fitr festival would not start there for another day. The government decided late Monday, after consulting with religious bodies, that the moon was not
Published 31 Aug, 2011 12:00am
Zimbabwe expels Libyan ambassador for defection

Zimbabwe expels Libyan ambassador for defection

Zimbabwe expelled the Libyan ambassador and his staff on Tuesday for switching allegiance to Libya's ruling interim council, the foreign minister said. President Robert Mugabe is a strong ally of deposed Libyan ruler Muammar Qadhafi, who had signed severa
Published 31 Aug, 2011 12:00am
Seven killed in Eid protests across Syria

Seven killed in Eid protests across Syria

Activists reported widespread anti-regime protests across Syria on Tuesday on the first day of the feast marking the end of Ramazan, with at least seven people killed by gunfire from security forces. The latest flare-up came as EU foreign policy chief Cat
Published 31 Aug, 2011 12:00am
US blacklists Syrian foreign minister

US blacklists Syrian foreign minister

The US Treasury Department slapped sanctions on Syria's foreign minister and two other top officials Tuesday, adding new pressure on the embattled regime of President Bashar al-Assad. Asset freezes and bans on business interactions were imposed on Foreign
Published 31 Aug, 2011 12:00am
Melbourne named world's most liveable city

Melbourne named world's most liveable city

Melbourne has edged out long-time front-runner Vancouver to be rated the world's most liveable city, a world-wide survey from the Economist Intelligence Unit said Tuesday. The Australian metropolis topped the Global Liveability Survey's ranking of 140 cit
Published 31 Aug, 2011 12:00am
New Zealand news agency to close after 131 years

New Zealand news agency to close after 131 years

New Zealand's national news agency, the New Zealand Press Association (NZPA), will close its doors after 131 years Wednesday, the latest victim of media consolidation in the digital age. Editor Kevin Norquay lamented the end of an organisation that was on
Published 31 Aug, 2011 12:00am
Kenyan government loses appeal to stop Hague trials

Kenyan government loses appeal to stop Hague trials

The International Criminal Court on Tuesday dismissed the Kenyan government's bid to stop a probe into post-election violence, saying Kenya had failed to show it was conducting its own investigation of six suspects. Six high-profile Kenyans, including pro
Published 31 Aug, 2011 12:00am
Japan confirms Noda as new Prime Minister

Japan confirms Noda as new Prime Minister

Yoshihiko Noda became Japan's sixth new prime minister in five years Tuesday, inheriting an in-tray groaning with disaster recovery, nuclear crisis and economic gloom in the ageing, debt-choked nation. The outgoing finance minister takes the place of Naot
Published 31 Aug, 2011 12:00am
Yemen defence minister escapes blast

Yemen defence minister escapes blast

Yemen's defence minister escaped unharmed when a bomb went off Tuesday in a village in southern Abyan province, an al Qaeda stronghold, a military official said. "Two soldiers were killed and two others wounded in the explosion of the device in a convoy o
Published 31 Aug, 2011 12:00am
British former PM Blair releases memoirs in Chinese

British former PM Blair releases memoirs in Chinese

Former British prime minister Tony Blair on Tuesday launched the Chinese edition of "A Journey", the memoirs in which he recounts his decade in power, state media reported. During the launch party, Blair praised the "unprecedented progress" achieved by Ch
Published 31 Aug, 2011 12:00am
Malema supporters clash with South African police

Malema supporters clash with South African police

South African police used stun grenades and water cannon on Tuesday to disperse thousands of supporters of outspoken ANC Youth League leader Julius Malema who is locked in a party disciplinary hearing that could derail his political career. Scores of Male
Published 31 Aug, 2011 12:00am
Indian MPs get iPad lessons to cut paperwork

Indian MPs get iPad lessons to cut paperwork

Indian members of parliament are taking lessons on how to use iPads and other tablet computers after being given a special budget to buy technology that cuts down on paperwork. Each of the 790 lawmakers, many of whom are elderly, has been granted 50,000 r
Published 31 Aug, 2011 12:00am
Portuguese diplomats in Switzerland on strike

Portuguese diplomats in Switzerland on strike

Portuguese diplomats in Switzerland are striking against austerity measures and the franc's rise, which have lowered their salary by 30 percent in a few months, local media reported Tuesday. An answering machine was the only response AFP obtained from the
Published 31 Aug, 2011 12:00am
Sterling falls

Sterling falls

Sterling slipped on Tuesday after UK mortgage and consumer credit data pointed to still lacklustre economic growth, with the pound vulnerable to further weakness as investors and speculators focused on shaky UK fundamentals. The pound was last down 0.8 pe
Published 31 Aug, 2011 12:00am
Yuan ends up

Yuan ends up

China's yuan closed up versus the dollar after hitting an all-time peak in intraday trade on Tuesday as the People's Bank of China set another record high mid-point, with traders predicting further rises for the rest of the year. Traders said the governme
Published 31 Aug, 2011 12:00am
Indian rupee reverses gains

Indian rupee reverses gains

The Indian rupee reversed early gains to end lower on Tuesday as persistent dollar demand from oil importers and a softer euro outweighed positive local shares. The partially convertible rupee ended at 46.085/095 per dollar, 0.1 weaker from Monday's close
Published 31 Aug, 2011 12:00am
Swiss franc up versus euro, dollar

Swiss franc up versus euro, dollar

The Swiss franc rose against the dollar on Tuesday as traders took profits after strong US consumer spending data buoyed risk appetite and sent the safe-haven franc to a five week low against the dollar in the previous session. The franc was also higher a
Published 31 Aug, 2011 12:00am
New Zealand dollar at one-month high, Aussie holds gains

New Zealand dollar at one-month high, Aussie holds gains

The New Zealand dollar hit a one-month peak on Tuesday, as it led a pack of commodity currencies higher amid improved risk appetite. The Australia dollar held onto hefty gains. The kiwi surprised with the strength of its gains as Asia-Pacific markets foll
Published 31 Aug, 2011 12:00am
Dollar climbs versus yen, franc in New York

Dollar climbs versus yen, franc in New York

The dollar rallied against the yen and Swiss franc on Monday as strong US consumer spending data reduced fears of another US recession. US consumer spending, which accounts for about 70 percent of economic activity, rebounded strongly in July from June. W
Published 31 Aug, 2011 12:00am
Early trade in New York: Euro slides

Early trade in New York: Euro slides

The euro slid broadly on Tuesday as an array of factors from a poor Italian debt auction to bickering between countries about a bailout deal for Greece paved the way for bearish trades. In early New York trade, the euro was down 0.6 percent at $1.4428, re
Published 31 Aug, 2011 12:00am
Euro falls broadly in London

Euro falls broadly in London

The euro fell broadly on Tuesday as weaker than expected demand at an Italian debt auction added to worries over the eurozone periphery, with sentiment already hit by bickering between eurozone countries about the terms of a Greek bailout deal. Traders br
Published 31 Aug, 2011 12:00am
Swiss franc under pressure in Asia

Swiss franc under pressure in Asia

The Swiss franc and other safe-haven currencies remained under pressure on Tuesday while commodity currencies held firm after a solid performance by riskier assets the previous day, although persistent worries about the global economy mean the tide could
Published 31 Aug, 2011 12:00am
Interbank stress still high, ECB lends less cash

Interbank stress still high, ECB lends less cash

Eurozone banks borrowed slightly less cash from the European Central Bank than a week ago on Tuesday, but demand for ECB liquidity is likely to remain elevated with no quick fix to the bloc's debt crisis in sight. Stress in the eurozone interbank markets
Published 31 Aug, 2011 12:00am
Banks lead FTSE rise

Banks lead FTSE rise

Banking stocks led Britain's FTSE 100 higher on Tuesday after investors went bargain hunting in beaten down sectors, as the UK's benchmark index played catch-up with the rest of the world following a long holiday weekend. Banks were the main focus of atte
Published 31 Aug, 2011 12:00am
Nikkei up for fourth day

Nikkei up for fourth day

The Nikkei climbed for a fourth straight day on stronger-than-expected US consumer spending data but stopped short of 9,000 with the market wanting more reassurance that the US economy was not slipping back into recession before testing that level. A merg
Published 31 Aug, 2011 12:00am
Indian shares rise

Indian shares rise

Indian shares rose 1.6 percent to their best close in nearly two weeks on Tuesday, bolstered by a rally in global equities after US consumer spending data eased concerns about the health of the world's largest economy. The gains were underpinned by data t
Published 31 Aug, 2011 12:00am
UK equity investor confidence drops

UK equity investor confidence drops

Investor sentiment in Britain's stock market has fallen to its lowest level since December 2008, as worries about high inflation and market volatility grow, a survey found. The Lloyds TSB Private Banking survey said the main reason for the drop was fear a
Published 31 Aug, 2011 12:00am
European shares soar

European shares soar

European shares rose on Tuesday, driven by a rally in British equities catching up to Europe's gains on Monday, though volume was low and other eurozone markets fell as weak demand at an Italian bond auction and a slump in US consumer data weighed. Britis
Published 31 Aug, 2011 12:00am
Australian shares up

Australian shares up

Australian stocks ended up just 0.1 percent on Tuesday, as an early rally helped by short-covering fizzled out as banks and miners trimmed gains and phone company Telstra dropped after hitting a competition snag. Australia's competition regulator voiced o
Published 31 Aug, 2011 12:00am
Wall Street surges two percent on Greek bank deal; trade thin

Wall Street surges two percent on Greek bank deal; trade thin

US stocks soared more than 2 percent in a broad rally on Monday as a merger between two big Greek banks provided a rare bit of encouraging news out of debt-stricken Europe. A rebound in consumer spending calmed fears of a new US recession and also helped
Published 31 Aug, 2011 12:00am
Treasuries decline

Treasuries decline

US Treasuries prices fell on Monday as investors turned to stocks and a surprisingly big pickup in consumer spending soothed fears that the United States could fall back into recession. A merger between two big Greek banks generated optimism that Europe i
Published 31 Aug, 2011 12:00am
Treasuries decline

Treasuries decline

US Treasuries prices fell on Monday as investors turned to stocks and a surprisingly big pickup in consumer spending soothed fears that the United States could fall back into recession. A merger between two big Greek banks generated optimism that Europe i
Published 31 Aug, 2011 12:00am
Shanghai shares down; Hong Kong edges up

Shanghai shares down; Hong Kong edges up

Hong Kong shares gained for a second-straight session on Tuesday, but trading was thin as investors stayed on the sidelines ahead of economic data releases from China and the United States this week. The Hang Seng Index ended up 1.7 percent at 20,204.2 po
Published 31 Aug, 2011 12:00am
Seoul shares higher

Seoul shares higher

Seoul shares extended gains on Tuesday, with foreign investors turning net buyers after a bank merger deal in Greece and positive US consumer spending data lifted sentiment. The Korea Composite Stock Price Index finished up 0.78 percent at 1,843.82 points
Published 31 Aug, 2011 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks closed up 0.9 percent on Tuesday, with Hon Hai Precision Industry up by the daily maximum after the company's operating profit margin showed signs of recovery in the second quarter. The main TAIEX index rose 68.18 points to 7,646.19, after o
Published 31 Aug, 2011 12:00am
Two killed, 17 injured in train accident

Two killed, 17 injured in train accident

At least two people included driver of the train were killed and 17 other were wounded when Khyber Mail ran into halted Babu train at the Badami Bagh railway crossing in Lahore here on Tuesday. According to details, the Khyber Mail crashed into the Babu t
Published 31 Aug, 2011 12:00am
Lahore police vow to ensure peaceful Eid

Lahore police vow to ensure peaceful Eid

The officers and officials of police here will celebrate their Eid by ensuring provision of peaceful atmosphere on the sacred occasion of Eid-ul-Fitr, thereby, expressing their abiding love and affection for the country. This was stated by CCPO, Ahmad Raz
Published 31 Aug, 2011 12:00am
Gilani to celebrate Eid in Multan

Gilani to celebrate Eid in Multan

Prime Minister Syed Yousaf Raza Gilani will arrive here on Wednesday to celebrate the Eid-ul-Fitr with the people and family member in Multan. He will offer Eid prayers in Islamabad. After meeting with foreign diplomats, he will reach at Multan where he w
Published 31 Aug, 2011 12:00am
PPP Punjab rally demands early recovery of Shahbaz Taseer

PPP Punjab rally demands early recovery of Shahbaz Taseer

Pakistan People's Party (PPP) Punjab protested Tuesday outside the Lahore Press Club against abduction of Shahbaz Taseer, son of slain Governor Punjab Salman Taseer, and demanded his early recovery. President PPP Punjab Imtiaz Safdar Warraich led the prot
Published 31 Aug, 2011 12:00am
Notices issued to respondents in petition against Railways

Notices issued to respondents in petition against Railways

The Lahore High Court issued notices to respondents in a petition against Pakistan Railways praying to restrain the railway authorities to get railway engines on lease from America. The petitioner Chairman Pakistan Tahrik-e-Inqalab Rana Ilamdin Ghazi cont
Published 31 Aug, 2011 12:00am
Nation urged to face challenges

Nation urged to face challenges

The Jamaat-e-Islami chief, Syed Munawar Hasan, has exhorted the nation to resolve on the Eid day to face the problems and difficulties confronting the country and get rid of the plunderers and corrupt rulers through the power of the ballot. Congratulating
Published 31 Aug, 2011 12:00am
REAP's Founders Group wins all MC seats

REAP's Founders Group wins all MC seats

The Founders Group has won unopposed all the five seats of the managing committee from the North Zone of the Rice Exporters Association of Pakistan (REAP). Those who have been elected unopposed include Javaid Islam Agha, Chaudhry Samee Ullah, Salah Uddin
Published 31 Aug, 2011 12:00am
LSE announces Eid holidays

LSE announces Eid holidays

The Lahore Stock Exchange will remain closed from Wednesday (today) till September 3, 2011 on account of Eid-ul-Fitr. According to a circular issued here on Tuesday, the trading and office timings shall revert to pre-Ramadan normal schedule after the Eid
Published 31 Aug, 2011 12:00am
Inflation, unemployment deprive the poor of Eid joys

Inflation, unemployment deprive the poor of Eid joys

Recent inflation and growing unemployment have broken the backbone of the low incoming people as the prices of basic food commodities have surged to an extent that the people have no more choice but to slash down several items during Eid shopping.
Published 31 Aug, 2011 12:00am
'Poor performance of government deteriorating economic condition'

'Poor performance of government deteriorating economic condition'

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 31 Aug, 2011 12:00am
China says inflation pressures stay high

China says inflation pressures stay high

Persistently high global prices for commodities and other goods are fuelling consumer inflation in China and may put Beijing's full-year inflation target out of reach, the country's top economic planner said on Monday. The National Development and Reform
Published 31 Aug, 2011 12:00am
Greece's DEPA wins lower gas price from Russia

Greece's DEPA wins lower gas price from Russia

Greek gas company DEPA has secured cheaper supplies of gas from Russian exporter Gazprom after a successful renegotiations of its long-term supply deal in July that also includes a cut in delivered volumes, a company official said. "Gazprom and DEPA have
Published 31 Aug, 2011 12:00am
Chile industry and copper output fall

Chile industry and copper output fall

Chile's industry output fell in July from June and slowed sharply from a year ago as copper output sank, data showed on Tuesday, underlining an economic slowdown, but the central bank is seen holding its key rate for now. Industrial output fell a seasonal
Published 31 Aug, 2011 12:00am
India proposes to allow more private banks

India proposes to allow more private banks

India's central bank on Monday outlined proposals to allow more private players in the banking sector to foster greater competition and widen the availability of banking services. India's state-run banks dominate the sector and inefficient practices and b
Published 31 Aug, 2011 12:00am
Polish second quarter GDP exceeds forecast, slowdown seen ahead

Polish second quarter GDP exceeds forecast, slowdown seen ahead

Poland's economy grew 4.3 percent in the second quarter, a touch better than expected and far faster than most of its European peers, but analysts said it should ease back in the second half as neighbouring Germany slows. Polish gross domestic product for
Published 31 Aug, 2011 12:00am
UK farmers turn to renewables for profit

UK farmers turn to renewables for profit

More than one third of UK farmers want to install renewable energy projects on their farmland, most of them within the next year, and hope to generate average returns of 25,000 pounds ($40,565) per year, UK bank Barclays said.
Published 31 Aug, 2011 12:00am
Brazil's inflation index rises

Brazil's inflation index rises

Brazil's broadest inflation index rose in August for the first time in three months, signalling continued price pressures in Latin America's biggest economy despite signs of slower growth. The IGP-M index climbed 0.44 percent in August, the Getulio Vargas
Published 31 Aug, 2011 12:00am
German electronics sector slows after record exports

German electronics sector slows after record exports

Germany's electronics industry growth is expected to slow down after exports grew by a record 11 percent in the first six months of the year thanks to strong demand in China and the United States. "Speed and dynamics of growth will normalise in the second
Published 31 Aug, 2011 12:00am
Bosnia central bank cuts growth forecast

Bosnia central bank cuts growth forecast

Bosnia's central bank has cut its 2011 growth forecast to around 2 percent because political rivalry has blocked the formation of a central government and necessary reforms, Governor Kemal Kozaric told Reuters on Monday. He said the state was surviving on
Published 31 Aug, 2011 12:00am
Sri Lanka annual inflation slows

Sri Lanka annual inflation slows

Sri Lanka's annual inflation rate eased to 7.0 percent in August, a seven-month low and below forecasts, due to slowing global prices of commodities such as oil and expanding vegetable supply, officials said on Tuesday. Inflation moderated from 7.5 percen
Published 31 Aug, 2011 12:00am
Peru seasonally adjusted GDP holds steady

Peru seasonally adjusted GDP holds steady

Peru's economy grew a seasonally adjusted 1.6 percent between April and June of 2011, nearly the same as in the first quarter on recovering public spending and private investment, the government said on Monday. Data from the national statistics agency sai
Published 31 Aug, 2011 12:00am
Swedbank CFO keeps outlook despite grim markets

Swedbank CFO keeps outlook despite grim markets

Swedbank is confident in its business outlook and capital levels and government criticism of a planned 10 billion crown ($1.6 billion) buyback is political posturing, the bank's chief financial officer said on Monday. On a day when the Nordic region's big
Published 31 Aug, 2011 12:00am
Banks criticised over level of Greek writedowns

Banks criticised over level of Greek writedowns

Some European financial institutions should have booked bigger losses on their Greek government bond holdings in recent results announcements, the International Accounting Standards Board (IASB) said in a letter to the EU market regulator. The criticism c
Published 31 Aug, 2011 12:00am
Gazprom posts colossal $16 billion profit

Gazprom posts colossal $16 billion profit

The world's biggest gas firm Gazprom on Tuesday announced colossal profits of $16.24 billion for the first quarter, one of the biggest interim profits in history and driven by high global energy prices. The profit of 468 billion rubles ($16.24 billion) fo
Published 31 Aug, 2011 12:00am
Gazprom posts colossal $16 billion profit

Gazprom posts colossal $16 billion profit

The world's biggest gas firm Gazprom on Tuesday announced colossal profits of $16.24 billion for the first quarter, one of the biggest interim profits in history and driven by high global energy prices. The profit of 468 billion rubles ($16.24 billion) fo
Published 31 Aug, 2011 12:00am
S&P trims eurozone growth outlook

S&P trims eurozone growth outlook

Ratings agency Standard and Poor's lowered its economic growth forecasts for the eurozone on Tuesday, but said the shared currency bloc was not headed towards a new recession. Public and private institutions have been scrambling to revise down their growt
Published 31 Aug, 2011 12:00am
Fitch says China yuan debt downgrade likely

Fitch says China yuan debt downgrade likely

China faces a "better than even chance" of a another downgrade to its local currency debt rating due to rising defaults and high inflation following a credit binge, Fitch Ratings said Tuesday. Fitch also warned Chinese policymakers would face a dilemma ov
Published 31 Aug, 2011 12:00am
Australia urges China to let yuan float

Australia urges China to let yuan float

Australian Treasurer Wayne Swan reiterated Tuesday that Beijing should float its currency as part of "structural reforms" to the global economy, as he met officials during a three-day visit to China. Australian officials in recent days have repeatedly urg
Published 31 Aug, 2011 12:00am
Belarus announces second devaluation since May

Belarus announces second devaluation since May

Belarus President Alexander Lukashenko announced plans Tuesday to devalue the currency for the second time since May after the state's failure to fill a yawning budget deficit. Lukashenko said the local ruble would be traded freely at special trading sess
Published 31 Aug, 2011 12:00am
US consumer confidence crumbles to two-year low

US consumer confidence crumbles to two-year low

Confidence among US consumers plunged in August to its lowest in more than two years following the country's loss of its top credit rating and heart-wrenching drops in major stock indexes. The Conference Board, an industry group, said on Tuesday its index
Published 31 Aug, 2011 12:00am
Russia's Rosneft, ExxonMobil clinch Arctic deal

Russia's Rosneft, ExxonMobil clinch Arctic deal

Russia's state oil champion Rosneft on Tuesday clinched a milestone Arctic exploration agreement with the US major ExxonMobil after its $16 billion deal with Britain's BP collapsed earlier this year. The strategic co-operation agreement's signature was ov
Published 31 Aug, 2011 12:00am
US agency challenges Bank of America settlement

US agency challenges Bank of America settlement

A US government agency has objected to Bank of America's $8.5 billion settlement for losses on mortgage-backed securities, imperiling the bank's efforts to move beyond the subprime mess. The Federal Deposit Insurance Corporation, which insures bank deposi
Published 31 Aug, 2011 12:00am
India's economic growth slowest in six quarters

India's economic growth slowest in six quarters

India's economy grew at its weakest pace in six quarters but outperformed even gloomier predictions, reinforcing expectations the central bank will keep raising interest rates to put a lid on inflation. Gross domestic product growth in Asia's third-larges
Published 31 Aug, 2011 12:00am
Japan's jobless rate edges up to 4.7 percent

Japan's jobless rate edges up to 4.7 percent

Japan's unemployment rate rose for the second straight month in July and household spending fell, illustrating challenges for new premier Yoshihiko Noda in safeguarding Japan's recovery, analysts said. The jobless rate stood at a worse-than-expected 4.7 p
Published 31 Aug, 2011 12:00am
Pakistan set to test revived Zimbabwe

Pakistan set to test revived Zimbabwe

Having negotiated the first hurdle in their campaign to justify Test nation status by beating Bangladesh in a one-off Test two weeks ago, Zimbabwe now face a much higher fence on Thursday - Pakistan. The single Test match, which starts Thursday, will be f
Published 31 Aug, 2011 12:00am
Dry wicket leaves Aussies, Sri Lanka in a spin

Dry wicket leaves Aussies, Sri Lanka in a spin

Australia and Sri Lanka were searching for the right combination to tackle a bone-dry wicket as they prepared for Wednesday's first cricket Test in Galle. Sri Lankan captain Tillakaratne Dilshan and his Australian counterpart Michael Clarke expected spin
Published 31 Aug, 2011 12:00am
Sharapova, Federer through

Sharapova, Federer through

Wimbledon winner Petra Kvitova crumbled in the first round of the US Open on Sunday, as Maria Sharapova showed her championship mettle with a battling victory. Kvitova tumbled out of the tournament at the hands of unheralded Romanian Alexandra Dulgheru wh
Published 31 Aug, 2011 12:00am
Pakistan, Sri Lanka set for desert dust-up

Pakistan, Sri Lanka set for desert dust-up

Pakistan and Sri Lanka will play a three Test series, five One-day internationals and a T20 match in the United Arab Emirates from October 18 to November 26 this year, the Pakistan cricket Board said on Tuesday. The series will also see the revival of Tes
Published 31 Aug, 2011 12:00am
Itinerary announced

Itinerary announced

Pakistan announced Tuesday the itinerary for their autumn series against Sri Lanka to be played in the neutral territory of the United Arab Emirates. Pakistan and Sri Lanka will play three Tests - one each in Abu Dhabi, Dubai and Sharjah - while three ODI
Published 31 Aug, 2011 12:00am
Indian government rejects new sports bill

Indian government rejects new sports bill

A controversial proposal that sought to regulate India's cricket board and other national sports bodies was Tuesday rejected by the government, local media reported. The proposal, which aimed to bring the sports bodies under federal transparency and accou
Published 31 Aug, 2011 12:00am
Rudisha wins gold as Isinbayeva flops

Rudisha wins gold as Isinbayeva flops

David Rudisha eased to gold Tuesday in the world 800m, giving a stark reminder of Kenya's domination of distance events as Russia's Yelena Isinbayeva failed dismally in the women's pole vault. Elsewhere on a fast-paced night of action, Russian Tatyana Che
Published 31 Aug, 2011 12:00am
Dull condition on cotton market

Dull condition on cotton market

Despite a stretch of long holidays beginning Wednesday and extending till the beginning of next week, lint prices remained subdued most of this week. In fact a new spell of monsoon rains over a vast tract of cotton in Sindh, particularly lower and middle
Published 31 Aug, 2011 12:00am
Dull condition on cotton market

Dull condition on cotton market

Despite a stretch of long holidays beginning Wednesday and extending till the beginning of next week, lint prices remained subdued most of this week. In fact a new spell of monsoon rains over a vast tract of cotton in Sindh, particularly lower and middle
Published 31 Aug, 2011 12:00am
Slow business on grain market

Slow business on grain market

Sluggish trading was seen on the wholesale grain market on Tuesday in pre-Eid holiday sessions, dealers said. On the cereal side makai low type maintained overnight level at Rs 2125 and good type was higher by Rs 261 at Rs 2436, they said. Wheat old Barda
Published 31 Aug, 2011 12:00am
Listless conditions prevail on cotton market

Listless conditions prevail on cotton market

No deal was reported on the cotton market on Tuesday as mills were on the sidelines ahead of Eid holidays, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6000, they said. The prices of seedcotton in Sindh were sl
Published 31 Aug, 2011 12:00am
Oil cake market rates

Oil cake market rates

The December vaida was higher while the January vaida was unchanged on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The December contract that had ended at Rs 1313.20 commenced with a gain of 20 paisa to Rs 1313.40
Published 31 Aug, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 123,948 tonnes of cargo including 97,452 tonnes of import cargo, 26,496 tonnes of export cargo and 5,586 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 97,452 tonnes compri
Published 31 Aug, 2011 12:00am
China set to raise soyabean buying soon: Oil World

China set to raise soyabean buying soon: Oil World

China is set to increase its soyabean buying both because of low stocks and a smaller-than-expected soyabean crop, Hamburg-based oilseeds analysts Oil World forecast on Tuesday. "Chinese purchases of soyabeans are likely to pick up in the coming weeks and
Published 31 Aug, 2011 12:00am
China's 2011 early rice output up

China's 2011 early rice output up

China's early-season rice, which accounts for about 17 percent of the country's total rice output, escaped drought damage in May and June, but lingering drought conditions in China's south-western provinces have created uncertainty about prospects for thi
Published 31 Aug, 2011 12:00am
Vietnam's coffee prices up, stocks thin

Vietnam's coffee prices up, stocks thin

Coffee prices in Vietnam rose this week while stocks dwindled and exporters have started offering fresh beans at a discount to London futures prices before the new season starts in October, traders said on Tuesday. Thin supplies and fund buying lifted ara
Published 31 Aug, 2011 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 31 Aug, 2011 12:00am
New York cotton

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 31 Aug, 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 Aug, 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 Aug, 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 Tuesday (August 30, 2011).

Published 31 Aug, 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 Tuesday (August 30, 2011).

Published 31 Aug, 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 Tuesday (August 30, 2011).

Published 31 Aug, 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 Tuesday (August 30, 2011).

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

Money Market Report

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

Spot dollar rates

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

Published 31 Aug, 2011 12:00am
Eid-ul-Fitr today

Eid-ul-Fitr today

Shawwal moon has been sighted and Eid-ul-Fitr will be celebrated in the country on August 31, announced Chairman Central Ruet-i- Hilal Committee, Mufti Muneeb-ur-Rehman here at the Met Office on Tuesday. The committee held its meeting at the office of the
Published 31 Aug, 2011 12:00am
Eid-ul-Fitr today

Eid-ul-Fitr today

Shawwal moon has been sighted and Eid-ul-Fitr will be celebrated in the country on August 31, announced Chairman Central Ruet-i- Hilal Committee, Mufti Muneeb-ur-Rehman here at the Met Office on Tuesday. The committee held its meeting at the office of the
Published 31 Aug, 2011 12:00am
FBR issues National Annual Audit Plan

FBR issues National Annual Audit Plan

The Federal Board of Revenue (FBR) on Tuesday issued 'National Annual Audit Plan 2011-12' to the field formations for carrying out audit of income and sales of taxpayers including corporate sector, associations of persons (AOPs), business individuals and
Published 31 Aug, 2011 12:00am
FBR issues National Annual Audit Plan

FBR issues National Annual Audit Plan

The Federal Board of Revenue (FBR) on Tuesday issued 'National Annual Audit Plan 2011-12' to the field formations for carrying out audit of income and sales of taxpayers including corporate sector, associations of persons (AOPs), business individuals and
Published 31 Aug, 2011 12:00am
FBR issues National Annual Audit Plan

FBR issues National Annual Audit Plan

The Federal Board of Revenue (FBR) on Tuesday issued ''National Annual Audit Plan 2011-12'' to the field formations for carrying out audit of income and sales of taxpayers including corporate sector, associations of persons (AOPs), business individuals an
Published 31 Aug, 2011 12:00am
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