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Archive - 2011-09-16
Three alleged target killers arrested
Top News

Three alleged target killers arrested

KARACHI : The CID Police has arrested three alleged target killers and recovered weapons from their possession in raids
Published 16 Sep, 2011 02:33pm
Stocks at one week high
Financial

Stocks at one week high

LONDON: World shares rose over half a percent to one-week highs on Friday on hopes that European policymakers might at l
Published 16 Sep, 2011 02:12pm
SECP registered 277 companies in August
Top News

SECP registered 277 companies in August

KARACHI : The Securities and Exchange Commission of Pakistan (SECP) has registered 277 companies in August, raising t
Published 16 Sep, 2011 12:52pm
Nepal in 'last chance' for peace
Asia

Nepal in 'last chance' for peace

KATHMANDU: Nepal 's new prime minister used his first public address Friday to warn that the nation is being given its "
Published 16 Sep, 2011 10:33am
Australia 154-4 vs Sri Lanka
Cricket

Australia 154-4 vs Sri Lanka

COLOMBO : Australia , sent in to bat by Sri Lanka , were 154-4 at tea on the opening day of the third and final crick
Published 16 Sep, 2011 10:24am
Australia 63-2 vs Sri Lanka
Cricket

Australia 63-2 vs Sri Lanka

COLOMBO: Australia, sent in to bat by Sri Lanka, were 63-2 at lunch on the opening day of the third and final cricket
Published 16 Sep, 2011 07:38am
PM Gilani cancels US visit due to floods
Top News

PM Gilani cancels US visit due to floods

ISLAMABAD : Prime Minister Yousuf Raza Gilani has cancelled a visit to the United States to attend the UN General Asse
Published 16 Sep, 2011 05:34am
Hina Rabbani to lead delegation to UNGA
Top News

Hina Rabbani to lead delegation to UNGA

ISLAMABAD : In order to personally supervise the on-going rescue and relief efforts for the flood-affected areas, Prime
Published 16 Sep, 2011 05:32am
Warm to Washington, wary of China: Noda
Top News

Warm to Washington, wary of China: Noda

TOKYO : Japanese Prime Minister Yoshihiko Noda is turning his back on his Democratic Party's early effort to recast Tok
Published 16 Sep, 2011 05:10am
Oil up in Asian trade
Energy

Oil up in Asian trade

SINGAPORE : Oil prices were up in Asian trade Friday but the weak US economy weighed on the mood after a clutch of cen
Published 16 Sep, 2011 04:04am
Tokyo stocks open up 1.34pc
Financial

Tokyo stocks open up 1.34pc

TOKYO : Tokyo stocks opened higher on Friday following overnight gains in other major markets on the news that major c
Published 16 Sep, 2011 04:02am
Running into Pakistan-fatigue
BR Research

Running into Pakistan-fatigue

Global philanthropy often tends to the latest catastrophe around, as donor agencies throng to the scene of human suffering as if it were a g
Published 16 Sep, 2011 12:00am
Demographic dividend or tax
BR Research

Demographic dividend or tax

Pakistan is the 6th most populous country in the world. With more than 60 percent of the population below the age of thirty and a median age
Published 16 Sep, 2011 12:00am
Pakistans no (man)go areas
BR Research

Pakistans no (man)go areas

If recent news articles regarding Pakistans mango exports are anything to go by, it appears that the king of fruits is receiving a royal ova
Published 16 Sep, 2011 12:00am
England eye clean sweep

England eye clean sweep

England captain Alastair Cook is hoping to complete a miserable tour for India on Friday by wrapping up a 3-0 one-day series victory over the tourists. India are yet to taste victory over England this summer, having been whitewashed 4-0 in the Test series
Published 16 Sep, 2011 12:00am
Lancashire end 77-year wait for title

Lancashire end 77-year wait for title

Lancashire won the English County Championship title on Thursday when they beat Somerset by eight wickets, their first outright triumph since 1934. They chased down 211 during the last session at Taunton while closest rivals Warwickshire were held to a dr
Published 16 Sep, 2011 12:00am
AFC football qualifiers: Kuwait beat Pakistan 2-0

AFC football qualifiers: Kuwait beat Pakistan 2-0

Hosts Kuwait beat Pakistan 2-0 in the AFC U-16 Championship qualifiers Group B game at Ali Sabah Al-Salem Stadium in Kuwait City on Thursday, according to the information made available here. Kuwait U-16 took an early lead through striker Bandar Bourslee
Published 16 Sep, 2011 12:00am
Bin Hammam loses appeal over lifetime ban

Bin Hammam loses appeal over lifetime ban

Ousted Asian football chief Mohamed bin Hammam on Thursday lost his appeal against a lifetime ban from football, world governing body FIFA announced. The Qatari was slapped with the ban in July after he was found guilty of trying to buy votes in the FIFA
Published 16 Sep, 2011 12:00am
Aussies drop Khawaja, Harris

Aussies drop Khawaja, Harris

Australia have left out injured fast bowler Ryan Harris and batsman Usman Khawaja for the third and final cricket Test against Sri Lanka starting in Colombo on Friday. Harris, the most successful bowler in the series with 11 wickets, suffered a hamstring
Published 16 Sep, 2011 12:00am
SNGPL congratulates cricket team

SNGPL congratulates cricket team

Managing Director Arif Hameed, Executives and the staff of Sui Northern Gas Pipelines Limited (SNGPL) congratulated the Pakistan cricket team on their spectacular and well-earned victory against Zimbabwe. The commitment, dedication and team spirit is high
Published 16 Sep, 2011 12:00am
Manchester clubs make their point

Manchester clubs make their point

Manchester United and rivals Manchester City both failed to get off to winning starts on Wednesday in the Champions League as they were both held 1-1 by Benfica and Napoli respectively. Napoli at least managed to grab a point away from home, better than t
Published 16 Sep, 2011 12:00am
Emirates Airline congratulates Aleem Dar

Emirates Airline congratulates Aleem Dar

Prominent Pakistani cricket umpire Aleem Dar, who is also a panelist on the Emirates Airline Elite Panel of International Cricket Council (ICC) Umpires, was named the "Umpire of the Year" for the third consecutive year in a row. He received the David Shep
Published 16 Sep, 2011 12:00am
Fabrics worth Rs 2.2 million stolen in broad daylight

Fabrics worth Rs 2.2 million stolen in broad daylight

Fabrics worth Rs 2.2 million belonging to D. L. Nash Private Ltd, one of the biggest exporters, were stolen in broad daylight here on September 12. A truck loaded with goods, meant for export, was on its way to Afroze Textile Mills for re-dying and re-fin
Published 16 Sep, 2011 12:00am
Arif Habib Corp posts Rs 2.840 billion profit after tax

Arif Habib Corp posts Rs 2.840 billion profit after tax

Arif Habib Corporation Limited has posted Rs 2.840 billion as profit after tax in the year ended June 30, 2011 (FY11) as compared to Rs 3.798 billion earned in FY10. The company's earning per share stood at Rs 7.57 in the period under review against Rs 10
Published 16 Sep, 2011 12:00am
CDGK takes strict measures against dengue virus

CDGK takes strict measures against dengue virus

Administrator City District Government Karachi (CDGK) Muhammad Hussein Syed in exercise of his powers under Section 144 Cr. PC has imposed ban on filling and operation of all swimming pools in the open spaces at public places, farm houses, hotels, etc, wi
Published 16 Sep, 2011 12:00am
EPZA on path of progress

EPZA on path of progress

While addressing management and employees of EPZA, Tariq Hassan Chairman EPZA said that EPZA is a rapidly growing organisation of Pakistan. He was very happy with the tremendous achievements of EPZA. He also said that the EPZA is providing a lot of opport
Published 16 Sep, 2011 12:00am
PIA celebrates scouting week

PIA celebrates scouting week

Provincial Commissioner, Pakistan International Airlines (PIA) Scouts, Nawab Ali Shah, has called upon the PIA Scouts to play a vibrant role for development of the country and National Flag Carrier. He was speaking as chief guest of the concluding ceremon
Published 16 Sep, 2011 12:00am
Sky Marshal display today

Sky Marshal display today

Sky Marshal display will be held at firing range of Airports Security Force (ASF) Academy here on September 16. Defence Minister would witness the display and address the ASF troops. According to the programme chalked out by ASF, Sky Marshal display will
Published 16 Sep, 2011 12:00am
New date for exam forms

New date for exam forms

The University of Sindh has issued a new schedule for submitting examination forms to facilitate the regular and external candidates who could not submit forms due to heavy rains. According to a notification issued by the Controller of Examinations on Thu
Published 16 Sep, 2011 12:00am
Sailors rescued as two fishing vessels sink

Sailors rescued as two fishing vessels sink

The two outgoing fishing vessels have sunk in the country's seawaters mainly technical faults led to their engines' failure, however, all the sailors were rescued, fishermen said on Thursday.
Published 16 Sep, 2011 12:00am
Central Bank dollars to ease funding squeeze

Central Bank dollars to ease funding squeeze

Central banks' move to relieve dollar funding strains for eurozone institutions on Thursday had little immediate impact on money market pricing as longer-term liquidity in financing markets remained moribund. The European Central Bank said it would hold t
Published 16 Sep, 2011 12:00am
Won, peso tumble

Won, peso tumble

The dollar rose broadly against emerging Asian currencies on Thursday, with the South Korean won hitting a six-month low on selling by offshore players and stop-loss offers. The Indonesian rupiah stabilised somewhat after selling off sharply the previous
Published 16 Sep, 2011 12:00am
Indian rupee breaks eight-day fall

Indian rupee breaks eight-day fall

The Indian rupee reversed all early losses to break an eight-session decline on Thursday propped up by local share gains and a firm euro on signs European leaders were committed to keeping Greece in the eurozone. The partially convertible rupee ended at 4
Published 16 Sep, 2011 12:00am
Aussie, New Zealand dollars dip

Aussie, New Zealand dollars dip

Fears about the zone debt woes showed few signs of dissipating on Thursday and weighed on Australian and New Zealand dollars, while a less hawkish-sounding the Reserve Bank of New Zealand (RBNZ) cooled rate hike expectations. The Aussie eased 0.5 percent
Published 16 Sep, 2011 12:00am
Swiss franc falls

Swiss franc falls

The Swiss franc ticked down a notch against the euro on Thursday, as investors wait to see whether the Swiss National Bank will cut its growth and inflation forecasts for the Swiss economy at its quarterly monetary policy meeting on Thursday. The franc fe
Published 16 Sep, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 74.90/75.05 (previous 74.65-74.75). Call Money Rates: 6.50-9.25 percent (previous 6.50-9.50 percent).
Published 16 Sep, 2011 12:00am
Euro gains versus dollar

Euro gains versus dollar

The euro gained against the dollar on Wednesday on signs that European leaders were making headway on containing the region's debt crisis. European Commission President Jose Manuel Barroso set the stage for euro buying in the morning when he pledged the C
Published 16 Sep, 2011 12:00am
Early trade in New York: euro posts steep gains

Early trade in New York: euro posts steep gains

The euro posted steep gains on Thursday after major central banks said they would work together to alleviate funding strains for European banks having difficulty borrowing dollars. The move, which will provide three-month dollar liquidity, was, however, u
Published 16 Sep, 2011 12:00am
Euro climbs in London

Euro climbs in London

The euro rose on Thursday as assurances from Germany and France that Greece would stay in the eurozone quelled speculation that Athens may soon default on its debt, though the possibility of a future default kept the single currency vulnerable to more sel
Published 16 Sep, 2011 12:00am
Euro wobbles in Asia

Euro wobbles in Asia

The euro slipped in Asia on Thursday, with initial relief over assurances from Germany and France about keeping Greece in the euro bloc wearing off amid scepticism over whether eurozone policymakers can really help Athens avoid default. The euro is under
Published 16 Sep, 2011 12:00am
Sterling rises

Sterling rises

Sterling rose against the dollar on Thursday, pulling away from eight-month lows as a co-ordinated move by central banks to address banks' problems securing dollar funding boosted market sentiment, lifting riskier assets and currencies. Gains were limited
Published 16 Sep, 2011 12:00am
Yuan slightly up

Yuan slightly up

The yuan closed up slightly against the dollar on Thursday as the People's Bank of China set a firmer mid-point after the dollar weakened, with dealers expecting the Chinese currency to trade in narrow ranges amid global market uncertainty. While the yuan
Published 16 Sep, 2011 12:00am
FTSE breaks 5,300 barrier

FTSE breaks 5,300 barrier

Britain's leading shares rose on Thursday after politicians and central bankers moved to shore up market confidence in the debt-ravaged eurozone, with the FTSE 100 index breaking above an eight-week technical downtrend. The FTSE 100 enede up 2.1 percent,
Published 16 Sep, 2011 12:00am
European shares stay higher

European shares stay higher

European stocks rose for a third day on Thursday, after German and French leaders said they were determined to keep Greece in the eurozone, and the US Federal Reserve led a concerted action to address banks' problems in securing dollar funding. Euro zone
Published 16 Sep, 2011 12:00am
Taiwan stocks rebound

Taiwan stocks rebound

Taiwan stocks ended up 2.17 percent on Thursday, joining a rally in global bourses amid optimism the eurozone debt crisis could be contained, with LCD makers including Chimei Innolux leading tech exporters higher. However, the gains were seen only as a re
Published 16 Sep, 2011 12:00am
Middle East markets: Ezz Steel drags Egypt index; others mixed

Middle East markets: Ezz Steel drags Egypt index; others mixed

Egypt's Ezz Steel plummeted to a 29-month low on Thursday after a court sentenced its former chairman to 10 years in jail on graft charges, while Gulf markets ended mixed in muted trade. The steel firm's stock plunged 8.9 percent to its lowest close since
Published 16 Sep, 2011 12:00am
Hong Kong shares up, China down

Hong Kong shares up, China down

Hong Kong shares edged higher on Thursday after hitting a two-year low in the previous session, in a relief rally on hopes of further support for Greece, although low volumes and strong gains in defensive stocks pointed to lingering caution. HSBC and insu
Published 16 Sep, 2011 12:00am
Seoul shares up

Seoul shares up

Seoul shares ended up 1.4 percent on Thursday after pulling back from gains of as much as 3.3 percent, as optimism about a resolution to Europe's debt issues waned and fluctuations in the local foreign currency market caused jitters. The Korea Composite S
Published 16 Sep, 2011 12:00am
Treasuries drift mostly lower

Treasuries drift mostly lower

Most US Treasuries prices slipped on Wednesday as steps to resolve Europe's debt crisis drew investors to riskier assets such as stocks - to the detriment of safe-haven US government debt. Data showing that US retail sales were flat in August and a well-b
Published 16 Sep, 2011 12:00am
Treasuries drift mostly lower

Treasuries drift mostly lower

Most US Treasuries prices slipped on Wednesday as steps to resolve Europe's debt crisis drew investors to riskier assets such as stocks - to the detriment of safe-haven US government debt. Data showing that US retail sales were flat in August and a well-b
Published 16 Sep, 2011 12:00am
Australian shares rise

Australian shares rise

Australian stocks rose 1.7 percent on Thursday, sustaining a recovery rally led by miners and banks as eurozone policymakers took tentative steps to prevent their debt crisis turning into a banking crisis. Investors bought back shares, which had dropped t
Published 16 Sep, 2011 12:00am
US stocks climb after new push for action in eurozone

US stocks climb after new push for action in eurozone

US stocks rose 1 percent in a third day of gains on Wednesday after European leaders displayed new urgency in efforts to contain the eurozone debt crisis. German and French leaders called on Greece to implement all financial reforms "strictly and effectiv
Published 16 Sep, 2011 12:00am
Thursday's midday trade: Wall Street advances for fourth day

Thursday's midday trade: Wall Street advances for fourth day

US stocks rose for a fourth straight session on Thursday after major central banks moved to boost European bank funding and regional leaders offered strong support for Greece, easing default fears. In the last four days, the S&P 500 has risen 3.9 percent,
Published 16 Sep, 2011 12:00am
Nikkei average climbs

Nikkei average climbs

The Nikkei average climbed nearly 2 percent on Thursday, moving away from a 2-1/2 year closing low hit the previous day as investors bought back shares after France and Germany said Greece's place remains in the eurozone. Tech shares rose and Elpida Memor
Published 16 Sep, 2011 12:00am
Most Southeast Asian stocks rebound

Most Southeast Asian stocks rebound

Most Southeast Asian stock markets pushed higher on Thursday, with beaten-down bank stocks rebounding, helped by signs that European policymakers are taking tentative steps to tackle a crippling debt crisis, but Indonesian stocks faced more selling. In ch
Published 16 Sep, 2011 12:00am
Kuwait's Global Investment seeks debt moratorium

Kuwait's Global Investment seeks debt moratorium

Kuwait's Global Investment House requested its creditors Thursday to delay repayment of debt due in December citing ongoing challenges in the financial markets. "Global requested the lending banks' support for the near-term deferral of principal repayment
Published 16 Sep, 2011 12:00am
Kuwait's Global Investment seeks debt moratorium

Kuwait's Global Investment seeks debt moratorium

Kuwait's Global Investment House requested its creditors Thursday to delay repayment of debt due in December citing ongoing challenges in the financial markets. "Global requested the lending banks' support for the near-term deferral of principal repayment
Published 16 Sep, 2011 12:00am
Bangladesh's economy to grow at 6.3 percent: IMF

Bangladesh's economy to grow at 6.3 percent: IMF

International Monetary Fund said on Thursday that Bangladesh's economy might grow at the rate of 6.3 percent in the 2011/12 fiscal year compared with 7.0 percent targeted by the government. An International Monetary Fund (IMF) mission led by David Cowen o
Published 16 Sep, 2011 12:00am
India's Maruti halts production as labour unrest spreads

India's Maruti halts production as labour unrest spreads

India's top carmaker Maruti Suzuki said it would halt production at two plants on Friday as a bitter labour stand-off between the Japanese-controlled company and its employees escalates. Maruti locked out workers at its Manesar plant in northern India on
Published 16 Sep, 2011 12:00am
US job market, factory data show weakness

US job market, factory data show weakness

New claims for US jobless aid rose unexpectedly last week and factory activity along much of the Eastern seaboard contracted early this month, bolstering the case for more action to support the struggling economy. However, industrial output edged higher i
Published 16 Sep, 2011 12:00am
Mortgage default notices jump

Mortgage default notices jump

Default notices on US home loans notched their biggest monthly increase in four years in August, suggesting some of the backlog from documentation issues was easing, data showed on Thursday. First-time default notices were filed on 78,880 homes last month
Published 16 Sep, 2011 12:00am
Mortgage default notices jump

Mortgage default notices jump

Default notices on US home loans notched their biggest monthly increase in four years in August, suggesting some of the backlog from documentation issues was easing, data showed on Thursday. First-time default notices were filed on 78,880 homes last month
Published 16 Sep, 2011 12:00am
Thousands strike at US mine in Indonesia

Thousands strike at US mine in Indonesia

About 9,000 staff at Freeport McMoRan's huge gold and copper mine in eastern Indonesia began a month-long strike Thursday to demand better pay, as hundreds of police watched over them. About 700 paramilitary police gathered at the mine in Papua province f
Published 16 Sep, 2011 12:00am
Hungary government may cut 30,000 jobs

Hungary government may cut 30,000 jobs

Hungary's government may cut about 30,000 jobs in central public administration, which would save up to 15 billion forints ($71.2 million) next year, news website origo.hu reported on Thursday. The report, citing unnamed government sources, said the actua
Published 16 Sep, 2011 12:00am
UBS rogue trade suspect held in London

UBS rogue trade suspect held in London

UBS said a trader who lost the Swiss bank around $2 billion in unauthorised deals had been arrested in London, with sources close to the situation naming the man as 31-year-old Kweku Adoboli. Adoboli - working as a director of exchange traded funds and De
Published 16 Sep, 2011 12:00am
Russia inks North, South Korea pipeline deals

Russia inks North, South Korea pipeline deals

The energy chiefs of North and South Korea signed draft deals Thursday with Gazprom to funnel Russian natural gas across the peninsula under a project long-abandoned because of its political risks. The Kremlin hopes the lucrative multi-billion-dollar link
Published 16 Sep, 2011 12:00am
Geithner to discuss leveraging: EU bailout fund

Geithner to discuss leveraging: EU bailout fund

US Treasury Secretary Timothy Geithner will discuss with European finance ministers the possibility of leveraging the eurozone's bailout fund to make it more effective in fighting the debt crisis. The disclosure came as the European Central Bank, the US F
Published 16 Sep, 2011 12:00am
Geithner to discuss leveraging: EU bailout fund

Geithner to discuss leveraging: EU bailout fund

US Treasury Secretary Timothy Geithner will discuss with European finance ministers the possibility of leveraging the eurozone's bailout fund to make it more effective in fighting the debt crisis. The disclosure came as the European Central Bank, the US F
Published 16 Sep, 2011 12:00am
Bank of America to sell $1.5 billion stake in HCA

Bank of America to sell $1.5 billion stake in HCA

Bank of America agreed Thursday to sell its stake in HCA back to the hospital firm, a move that will raise $1.5 billion in cash for the beleaguered US banking giant. "The transaction is consistent with our strategy of selling non-core assets, building liq
Published 16 Sep, 2011 12:00am
House 'disapproves' US debt ceiling increase

House 'disapproves' US debt ceiling increase

The Republican-controlled House of Representatives on Wednesday passed a resolution symbolically rejecting an increase in the US national debt. By a 232-186 vote, the House passed the measure stating that it "disapproves of the president's exercise of aut
Published 16 Sep, 2011 12:00am
EU expects growth to nearly halt at end-year

EU expects growth to nearly halt at end-year

Growth of the eurozone's economy will almost halt at the end of this year as weak global conditions hurt exports and the sovereign debt crisis hits household consumption and investment, the European Commission predicted on Thursday. "The outlook for the E
Published 16 Sep, 2011 12:00am
India relaxes overseas borrowing rules, allows yuan debt

India relaxes overseas borrowing rules, allows yuan debt

India has relaxed its overseas borrowing rules allowing firms to raise Chinese yuan-denominated debt and raising the borrowing limit for companies in an attempt to woo capital inflows amid heightened global uncertainty.
Published 16 Sep, 2011 12:00am
Senior bonds in firing line in EU bank plans

Senior bonds in firing line in EU bank plans

Senior bondholders would take a hit if other forms of debt and shares failed to plug losses when restructuring a troubled bank, draft European Union plans showed on Thursday. Until now, the authorities have sought to protect senior bondholders, who get re
Published 16 Sep, 2011 12:00am
Senior bonds in firing line in EU bank plans

Senior bonds in firing line in EU bank plans

Senior bondholders would take a hit if other forms of debt and shares failed to plug losses when restructuring a troubled bank, draft European Union plans showed on Thursday. Until now, the authorities have sought to protect senior bondholders, who get re
Published 16 Sep, 2011 12:00am
IEA ends strategic oil reserves release

IEA ends strategic oil reserves release

The IEA said on Thursday that it ended its release of oil from strategic reserves begun in June to compensate for a cut in supplies from Libya, just days after forecasting resumed production in the country. The International Energy Agency said its 28-memb
Published 16 Sep, 2011 12:00am
OECD urges action on long-term unemployment

OECD urges action on long-term unemployment

OECD Secretary General Angel Gurria urged governments on Thursday to take immediate action against youth and long-term unemployment or risk seeing the problem become more deeply entrenched. Delivering an annual survey on unemployment in Organisation for E
Published 16 Sep, 2011 12:00am
Planning Commission of Pakistan

Planning Commission of Pakistan

Failing to plan is planning to fail, they say. Pakistan, however, hasn't been short of planning and policymaking. Whether such planning has been fraught with errors is another matter altogether. It is the long-term inconsistency in following through agree
Published 16 Sep, 2011 12:00am
Planning Commission of Pakistan

Planning Commission of Pakistan

Failing to plan is planning to fail, they say. Pakistan, however, hasn't been short of planning and policymaking. Whether such planning has been fraught with errors is another matter altogether. It is the long-term inconsistency in following through agree
Published 16 Sep, 2011 12:00am
NBP hands over medicines for rain victims

NBP hands over medicines for rain victims

The Regional Head of NBP Regional Office Sukkur, Muhammad Zaman Khan, and his team members with the collaboration of Peoples Doctors Forum handed over life saving medicines worth Rs 700,000 to DCO Khairpur for the rain affectees. The DCO Khairpur Muhammad
Published 16 Sep, 2011 12:00am
HEC holds orientation workshop for vice chancellors/rectors

HEC holds orientation workshop for vice chancellors/rectors

The Higher Education Commission (HEC) has organised the first-ever orientation workshop for newly appointed Vice Chancellors/ Rectors under the Modern University Governance Programme for University Management. The main purpose of this programme was to sha
Published 16 Sep, 2011 12:00am
HDF begins relief activities in lower Sindh

HDF begins relief activities in lower Sindh

Human Development Foundation (HDF), a registered NGO working in different areas of Pakistan, has initiated relief activities for the flood affectees in district Tando Mohammad Khan, Sindh. In the first phase, medical camps have been set up and mobile heal
Published 16 Sep, 2011 12:00am
22 foreign missions told to shift to diplomatic enclave

22 foreign missions told to shift to diplomatic enclave

Interior Ministry has served notices to 22 embassies operating in residential areas including Austria, Argentina, Cuba, Bahrain, Brunei Darussalam and South Africa and directed them to shift to the diplomatic enclave. These foreign missions were issued th
Published 16 Sep, 2011 12:00am
Easier tendency on cotton market

Easier tendency on cotton market

After a sustained rise in lint prices since the beginning of this month on fears of rain and flood damage to the domestic crop and also the steady increase on the New York cotton futures market (ICE), cotton prices took a breather and recorded a decrease
Published 16 Sep, 2011 12:00am
Easier tendency on cotton market

Easier tendency on cotton market

After a sustained rise in lint prices since the beginning of this month on fears of rain and flood damage to the domestic crop and also the steady increase on the New York cotton futures market (ICE), cotton prices took a breather and recorded a decrease
Published 16 Sep, 2011 12:00am
Panic selling by ginners may bring down cotton prices further

Panic selling by ginners may bring down cotton prices further

Panic selling by ginners may cause sharp decline in the rates as picking operation improved after rains stopped in the cotton belt, both in Sindh and Punjab, dealers said on the cotton market on Thursday. The Karachi Cotton Association (KCA) spot rate was
Published 16 Sep, 2011 12:00am
Oil cake market rates

Oil cake market rates

Steadier trend was seen on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The December contract that had ended at Rs 1315.70 and commenced with no change at the same rate. The January vaida which had started at Rs 1
Published 16 Sep, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 122,251 tonnes of cargo including 100,617 tonnes of import cargo, 21,634 tonnes of export cargo and 2,276 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 100,617 tonnes com
Published 16 Sep, 2011 12:00am
England's wheat crop falls on lower yields

England's wheat crop falls on lower yields

England's wheat crop is estimated at around 13.64 million tonnes, down 1.5 percent from the five-year average, the National Farmers Union said on Wednesday. The NFU, issuing preliminary results from its 2011 harvest survey, said yields were below average
Published 16 Sep, 2011 12:00am
Several changes seen on grain market

Several changes seen on grain market

Several changes were seen on the wholesale grain market on Thursday as retailers were busy in fresh buying because they could not purchase due to heavy rains in the city, dealers said. On the cereals side, makai low type gained Rs 75 to Rs 2325 while the
Published 16 Sep, 2011 12:00am
Canadian canola futures slip

Canadian canola futures slip

ICE Canadian canola futures slipped on Wednesday for a third straight day, under pressure from weaker soya and commercial hedges as the harvest advances, traders said. Canola was underpinned by frost damage overnight on the Canadian Prairies and weaker Ca
Published 16 Sep, 2011 12:00am
India's August vegetable oil imports down

India's August vegetable oil imports down

India's vegetable oil imports in August fell 10.5 percent to 817,440 tonnes from the previous month, a leading trade body said on Thursday, the first monthly fall in five months as buying slowed with one major festival over. India's vegetable oil imports
Published 16 Sep, 2011 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Hard red winter wheat basis bids were steady on Thursday as farmers focused on winter wheat seeding and seedbed preparation in the US Plains. Temperatures were turning cooler and there were increased chances for rain in some of the dry areas of the wheat
Published 16 Sep, 2011 12:00am
HCFC PHASE-OUT MANAGEMENT PLAN

HCFC PHASE-OUT MANAGEMENT PLAN

HYDROCHLOROFLUO-ROCARBONS (HCFCS) have always been considered as an interim solution to Chlorofluorocarbons (CFC) Phase-out, because of their lower Ozone Depleting Potential (ODP) which is between 5-10% when compared to CFCs. While the Global Warming Pote
Published 16 Sep, 2011 12:00am
IMF chief urges bold action in worsening crisis

IMF chief urges bold action in worsening crisis

The head of the International Monetary Fund on Thursday urged advanced countries to take bold action to break a vicious cycle of weak economic growth and high debt that threatens the global economy and has been worsened by dysfunctional politics.
Published 16 Sep, 2011 12:00am
The Montreal Protocol and the Ozone Layer

The Montreal Protocol and the Ozone Layer

THE SCIENTIFIC confirmation of the depletion of the ozone layer prompted the international community to establish a mechanism for co-operation to take action to protect the ozone layer. This was formalized by a treaty called the Vienna Convention for the
Published 16 Sep, 2011 12:00am
IMF chief urges bold action in worsening crisis

IMF chief urges bold action in worsening crisis

The head of the International Monetary Fund on Thursday urged advanced countries to take bold action to break a vicious cycle of weak economic growth and high debt that threatens the global economy and has been worsened by dysfunctional politics.
Published 16 Sep, 2011 12:00am
IMF chief urges bold action in worsening crisis

IMF chief urges bold action in worsening crisis

The head of the International Monetary Fund on Thursday urged advanced countries to take bold action to break a vicious cycle of weak economic growth and high debt that threatens the global economy and has been worsened by dysfunctional politics.
Published 16 Sep, 2011 12:00am
New York cotton

New York cotton

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

Published 16 Sep, 2011 12:00am
Central banks expand dollar operations, bank shares jump

Central banks expand dollar operations, bank shares jump

Major central banks around the world will cooperate to offer three-month US dollar loans to commercial banks in order to prevent money markets from freezing up in the wake of Europe's sovereign debt crisis. The European Central Bank said on Thursday it wo
Published 16 Sep, 2011 12:00am
New York cotton

New York cotton

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

Published 16 Sep, 2011 12:00am
Central banks expand dollar operations, bank shares jump

Central banks expand dollar operations, bank shares jump

Major central banks around the world will cooperate to offer three-month US dollar loans to commercial banks in order to prevent money markets from freezing up in the wake of Europe's sovereign debt crisis. The European Central Bank said on Thursday it wo
Published 16 Sep, 2011 12:00am
Central banks expand dollar operations, bank shares jump

Central banks expand dollar operations, bank shares jump

Major central banks around the world will cooperate to offer three-month US dollar loans to commercial banks in order to prevent money markets from freezing up in the wake of Europe''s sovereign debt crisis. The European Central Bank said on Thursday it w
Published 16 Sep, 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 16 Sep, 2011 12:00am
Supreme Court reserves judgement on Karachi violence

Supreme Court reserves judgement on Karachi violence

The Supreme Court of Pakistan on Thursday reserved its judgement on a suo motu case on Karachi unrest and warned that any illegal step to harm the judicial system would yield disaster. A five-member larger bench of the apex court comprising the Chief Just
Published 16 Sep, 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 16 Sep, 2011 12:00am
Supreme Court reserves judgement on Karachi violence

Supreme Court reserves judgement on Karachi violence

The Supreme Court of Pakistan on Thursday reserved its judgement on a suo motu case on Karachi unrest and warned that any illegal step to harm the judicial system would yield disaster. A five-member larger bench of the apex court comprising the Chief Just
Published 16 Sep, 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 Thursday (September 15, 2011).

Published 16 Sep, 2011 12:00am
UN to mobilise humanitarian aid for flood victims: Ban

UN to mobilise humanitarian aid for flood victims: Ban

Secretary-General Ban Ki-moon on Thursday voiced serious concern over the deadly floods in Pakistan, saying the United Nations is in the process of formulating an appropriate response to meet the needs of over 5 million victims.
Published 16 Sep, 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 Thursday (September 15, 2011).

Published 16 Sep, 2011 12:00am
UN to mobilise humanitarian aid for flood victims: Ban

UN to mobilise humanitarian aid for flood victims: Ban

Secretary-General Ban Ki-moon on Thursday voiced serious concern over the deadly floods in Pakistan, saying the United Nations is in the process of formulating an appropriate response to meet the needs of over 5 million victims.
Published 16 Sep, 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 Thursday (September 15, 2011).

Published 16 Sep, 2011 12:00am
Factors responsible for 14 percent inflation listed

Factors responsible for 14 percent inflation listed

International commodity prices, the floods of 2010 and to some extent public procurement of staple grains placing restrictions on the private sector are among the main factors responsible for 14 percent inflation in Pakistan, the highest in the region.
Published 16 Sep, 2011 12:00am
Factors responsible for 14 percent inflation listed

Factors responsible for 14 percent inflation listed

International commodity prices, the floods of 2010 and to some extent public procurement of staple grains placing restrictions on the private sector are among the main factors responsible for 14 percent inflation in Pakistan, the highest in the region.
Published 16 Sep, 2011 12:00am
Factors responsible for 14 percent inflation listed

Factors responsible for 14 percent inflation listed

International commodity prices, the floods of 2010 and to some extent public procurement of staple grains placing restrictions on the private sector are among the main factors responsible for 14 percent inflation in Pakistan, the highest in the region.
Published 16 Sep, 2011 12:00am
Floods in Sindh: Zardari's appeal gets lukewarm response

Floods in Sindh: Zardari's appeal gets lukewarm response

No significant pledges and disbursements have been made in response to President Asif Ali Zardari's 9 September appeal to the world community to help the flood-affected people of Sindh. According to details provided by Foreign Office spokesperson Tahmina
Published 16 Sep, 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 Thursday (September 15, 2011).

Published 16 Sep, 2011 12:00am
Floods in Sindh: Zardari's appeal gets lukewarm response

Floods in Sindh: Zardari's appeal gets lukewarm response

No significant pledges and disbursements have been made in response to President Asif Ali Zardari's 9 September appeal to the world community to help the flood-affected people of Sindh. According to details provided by Foreign Office spokesperson Tahmina
Published 16 Sep, 2011 12:00am
Prime Minister for judicious disbursement of donations

Prime Minister for judicious disbursement of donations

Prime Minister Syed Yousuf Raza Gilani on Thursday said that strong provinces were a guarantee for a strong federation and stressed for adopting an approach to ensure provincial unity over issues of national importance. He said the country was at the cros
Published 16 Sep, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (September 15, 2011).
Published 16 Sep, 2011 12:00am
Prime Minister for judicious disbursement of donations

Prime Minister for judicious disbursement of donations

Prime Minister Syed Yousuf Raza Gilani on Thursday said that strong provinces were a guarantee for a strong federation and stressed for adopting an approach to ensure provincial unity over issues of national importance. He said the country was at the cros
Published 16 Sep, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (September 15, 2011).

Published 16 Sep, 2011 12:00am
Suicide bomber kills 26 at funeral

Suicide bomber kills 26 at funeral

A suicide bomber targeting members of an anti-Taliban militia blew himself up during funeral prayers in Jandol town in the district of Lower Dir on Thursday, killing 26 people and wounding 63 others, police said The attacker struck as mourners were prepar
Published 16 Sep, 2011 12:00am
Suicide bomber kills 26 at funeral

Suicide bomber kills 26 at funeral

A suicide bomber targeting members of an anti-Taliban militia blew himself up during funeral prayers in Jandol town in the district of Lower Dir on Thursday, killing 26 people and wounding 63 others, police said The attacker struck as mourners were prepar
Published 16 Sep, 2011 12:00am
Al Qaeda Pakistan chief of operations killed

Al Qaeda Pakistan chief of operations killed

Al Qaeda's chief of operations in Pakistan Abu Hafs al-Shahri has been killed, a senior US official said Thursday, revealing the latest blow to the terror group's senior leadership. The death of Abu Hafs in a Pakistani tribal district follows the killing
Published 16 Sep, 2011 12:00am
Al Qaeda Pakistan chief of operations killed

Al Qaeda Pakistan chief of operations killed

Al Qaeda's chief of operations in Pakistan Abu Hafs al-Shahri has been killed, a senior US official said Thursday, revealing the latest blow to the terror group's senior leadership. The death of Abu Hafs in a Pakistani tribal district follows the killing
Published 16 Sep, 2011 12:00am
Index gains 5.2 points

Index gains 5.2 points

The KSE-100 index on Thursday gained 5.2 points to close at the level of 11,302.22 points on the back of local investors and institutional interest. Foreign investors, however, opted for profit taking and withdrew $2.6 million from the local equity market
Published 16 Sep, 2011 12:00am
Index gains 5.2 points

Index gains 5.2 points

The KSE-100 index on Thursday gained 5.2 points to close at the level of 11,302.22 points on the back of local investors and institutional interest. Foreign investors, however, opted for profit taking and withdrew $2.6 million from the local equity market
Published 16 Sep, 2011 12:00am
Index gains 5.2 points

Index gains 5.2 points

The KSE-100 index on Thursday gained 5.2 points to close at the level of 11,302.22 points on the back of local investors and institutional interest. Foreign investors, however, opted for profit taking and withdrew $2.6 million from the local equity market
Published 16 Sep, 2011 12:00am
BRIndex30 up 41.32 points

BRIndex30 up 41.32 points

On Thursday, BRIndex30 opened at 8,436.67 points and remained positive throughout the trading session. It touched an intraday high of 8,542.19 points and an intraday low of 8,436.67 points and closed at 8,477.99 points, which was 41.32 points or 0.49 perc
Published 16 Sep, 2011 12:00am
BRIndex30 up 41.32 points

BRIndex30 up 41.32 points

On Thursday, BRIndex30 opened at 8,436.67 points and remained positive throughout the trading session. It touched an intraday high of 8,542.19 points and an intraday low of 8,436.67 points and closed at 8,477.99 points, which was 41.32 points or 0.49 perc
Published 16 Sep, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (September 15, 2011).

Published 16 Sep, 2011 12:00am
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