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Archive - 2011-09-17
China loans to Belarus $1bn: Parliament
Top News

China loans to Belarus $1bn: Parliament

MINSK : China has given cash-strapped Belarus a loan of one billion dollars and a grant of some 11 million, the Bel
Published 17 Sep, 2011 03:27pm
Argentina's 2012 budget to tap reserves
Top News

Argentina's 2012 budget to tap reserves

BUENOS AIRES : Argentina 's 2012 budget will authorize the government to tap foreign reserves again to pay down debt, n
Published 17 Sep, 2011 01:33pm
Gold surges again to Rs 52,114
Top News

Gold surges again to Rs 52,114

KARACHI: Gold surged by Rs 686 to close at Rs 52,114 per 10 grams in the local market Saturday, as its international pri
Published 17 Sep, 2011 11:48am
Gilani arrives in Multan
Top News

Gilani arrives in Multan

MULTAN : Prime Minister Syed Yousuf Raza Gilani arrived here on Saturday by a special plane. Federal Minister Makhdum
Published 17 Sep, 2011 08:24am
Pakistan sets up booth to raise charity
Top News

Pakistan sets up booth to raise charity

BEIJING : Pakistan was among the 71 diplomatic missions in Beijing that established Saturday booths to raise charity
Published 17 Sep, 2011 07:42am
GM, UAW agree on new contract
Industry

GM, UAW agree on new contract

DETROIT : General Motors and the United Auto Workers union said Friday they had reached agreement on a tentative labour
Published 17 Sep, 2011 07:02am
Obama's approval rating slides again
Top News

Obama's approval rating slides again

WASHINGTON : US President Barack Obama's job approval rating continued its downward spiral Friday, dropping to 43 percen
Published 17 Sep, 2011 04:42am
India make 304-6 in fifth ODI
Cricket

India make 304-6 in fifth ODI

CARDIFF: Virat Kohli scored a brilliant 107 as India made 304-6 off their 50 overs after being put in to bat by Englan
Published 17 Sep, 2011 03:48am
India's IOC buys Nigerian crude oil from Shell

India's IOC buys Nigerian crude oil from Shell

India's largest state-run oil refiner, Indian Oil Corp (IOC), bought around 2 million barrels of Nigerian crude oil from Shell in a tender for November loading, trade sources said on Friday. Shell will supply one cargo of Bonny Light crude and another of
Published 17 Sep, 2011 12:00am
Japan eyes tax hikes, stake sales for rebuilding

Japan eyes tax hikes, stake sales for rebuilding

Japan's government proposed on Friday tax hikes worth around $146 billion and selling stakes in a tobacco company and Tokyo's subway operator to help fund rebuilding from a devastating March earthquake and tsunami. The heavily-indebted government faces a
Published 17 Sep, 2011 12:00am
US consumer mood up but outlook at 31-year low

US consumer mood up but outlook at 31-year low

Consumer sentiment in the United States rose in early September, but Americans remained very gloomy about the future with their expectations for the economy falling to the lowest level since 1980. The Thomson Reuters/University of Michigan's survey showed
Published 17 Sep, 2011 12:00am
India raises rates

India raises rates

India raised interest rates for the 12th time in 18 months and signalled more was to come, confounding expectations that it was coming to the end of its tightening cycle and putting it at odds with global peers focused on reviving weak demand. The Reserve
Published 17 Sep, 2011 12:00am
World trade slowing in 2011: WTO

World trade slowing in 2011: WTO

World trade is slowing more sharply than expected this year because of the sovereign debt crisis and an economic slowdown, World Trade Organisation chief Pascal Lamy said on Friday. The head of the international trade body said that forecasts for world tr
Published 17 Sep, 2011 12:00am
Air France-KLM splits mega-order

Air France-KLM splits mega-order

Air France-KLM said on Friday it had split a mega order for 50 long-haul carriers evenly between Europe's Airbus and US rival Boeing, in a deal worth $11.3 billion (8.1 billion euros). The giant Franco-Dutch airline is to order 25 Airbus A350-900s and 25
Published 17 Sep, 2011 12:00am
Citi introducing fees on low-balance bank accounts

Citi introducing fees on low-balance bank accounts

Citigroup Inc said it will start charging a monthly fee of $10 on checking and savings accounts with combined balances of less than $1,500, joining a growing list of banks seeking to recoup revenue lost under new financial industry regulations. The fee wi
Published 17 Sep, 2011 12:00am
BP to pay $20.5 million to settle US natural gas case

BP to pay $20.5 million to settle US natural gas case

British energy giant BP has agreed to pay $20.5 million to settle claims that it cheated the US government and Native Americans out of natural gas royalties, US officials said Friday. Six US subsidiaries of BP - including Amoco, which merged with the Brit
Published 17 Sep, 2011 12:00am
China needs financial reform in five years: IMF

China needs financial reform in five years: IMF

The International Monetary Fund estimates that China has five years to reform its financial system to keep it effective, a top IMF official said Friday. "You never had an economy this big, this systemic, with this kind of financial system," Nigel Chalk, t
Published 17 Sep, 2011 12:00am
Spain's public debt rises to 14-year high

Spain's public debt rises to 14-year high

Spain's public debt surged in the second quarter of 2011 to a 14-year high, the Bank of Spain said on Friday, even as the government battled to mop up red ink in its annual budgets. Big shortfalls on the government's books are pushing up the overall debt
Published 17 Sep, 2011 12:00am
Trans-Pacific trade talks on 'solid path' to deal: US

Trans-Pacific trade talks on 'solid path' to deal: US

Talks between the United States and eight Asia-Pacific countries on a free-trade pact are becoming more difficult but the chances of a deal remain good, the chief US negotiator said on Thursday. "Issues that are more sensitive are now coming to the fore,"
Published 17 Sep, 2011 12:00am
AT&T launching faster US telecom network

AT&T launching faster US telecom network

US telecom titan AT&T on Sunday will flip the switch on a high-speed "next-generation" network for smartphones and other wireless Internet gadgets in five cities. The Long Term Evolution (LTE) network will begin whizzing data to and from handheld devices
Published 17 Sep, 2011 12:00am
US bank trading revenues plummet

US bank trading revenues plummet

Trading revenues at US bank holding companies fell sharply in the second quarter from the first quarter but remained much higher than a year earlier, according to a government report released on Friday. Trading revenues totalled $17 billion during the sec
Published 17 Sep, 2011 12:00am
July debt debate dents foreign taste for US assets

July debt debate dents foreign taste for US assets

Foreigners unloaded US securities for a third straight month in July as lawmakers clashed over raising the country's borrowing limit, according to data from the US Treasury Department on Friday. Most selling was concentrated in short-term instruments, whi
Published 17 Sep, 2011 12:00am
South African taxi industry launches budget airline

South African taxi industry launches budget airline

South Africa's mini-bus industry, known for violent turf wars, on Friday launched a budget airline targeting smaller cities in remote areas. "This airline would provide a unique travelling experience for our people, whom some of them have never been on an
Published 17 Sep, 2011 12:00am
US, Saudi Arabia relationship in good shape: US

US, Saudi Arabia relationship in good shape: US

The key diplomatic relationship between Saudi Arabia and the United States is in "good shape" despite "scratchy" disagreements over Arab Spring revolutions, a senior US official said Friday. President Barack Obama and Saudi King Abdullah also have a very
Published 17 Sep, 2011 12:00am
Manmohan highlights growing internal security threats

Manmohan highlights growing internal security threats

Indian Prime Minister Manmohan Singh spoke Friday of the "uncertain" security situation in the country following a string of bombings and the threat posed by Maoist insurgents. "The security environment in the country continues to be uncertain," Singh tol
Published 17 Sep, 2011 12:00am
China restaurant blast injures 29

China restaurant blast injures 29

A blast ripped through a restaurant at a housing complex in the south-western Chinese megacity of Chongqing on Friday, injuring 29 people, two critically, state media reported. The blast happened at around 3:30 pm (0730 GMT) at the "007" restaurant in the
Published 17 Sep, 2011 12:00am
Saudi Arabia beheads murderer

Saudi Arabia beheads murderer

Saudi Arabia beheaded one of its citizens by sword in Riyadh on Friday after he was convicted of killing a fellow Saudi, said the ministry of interior. Naser al-Qahtani has stabbed Hasan al-Bishi to death over a feud between them, the ministry said in the
Published 17 Sep, 2011 12:00am
Bahrain forces fire tear gas, rubber bullets at funeral

Bahrain forces fire tear gas, rubber bullets at funeral

Bahraini security forces fired tear gas, rubber bullets and stun grenades Friday to disperse thousands of mourners at the funeral of a man who died after he himself was tear-gassed, a Shia politician said. "Security forces used tear gas, rubber bullets an
Published 17 Sep, 2011 12:00am
Indian court defers decision on opening Kerala temple vault

Indian court defers decision on opening Kerala temple vault

A sealed chamber in an ancient Hindu temple in Kerala state should not be opened till a stocktaking of other vaults had been completed, India's Supreme Court said Friday according to news reports. The court said its decision was not influenced by a local
Published 17 Sep, 2011 12:00am
Imam shot dead in Russia's North Caucasus

Imam shot dead in Russia's North Caucasus

The imam of a mosque in Russia's troubled North Caucasus province of Dagestan was shot dead by unidentified gunmen, police said on Friday. The victim, Zainudin Daiziyev, was at least the third imam killed since June in Dagestan, where mainstream Muslim le
Published 17 Sep, 2011 12:00am
US embassy in Algiers informed of al Qaeda threat

US embassy in Algiers informed of al Qaeda threat

The United States said Friday that its embassy in Algiers was informed about a threat apparently emanating from al Qaeda, and it alerted potential targets to the threat. "The US embassy in Algiers received threat information," the State Department said wh
Published 17 Sep, 2011 12:00am
Turkey says may act with Iran against PKK in Iraq

Turkey says may act with Iran against PKK in Iraq

Prime Minister Tayyip Erdogan has signalled Turkey could launch a joint operation with Iran against Kurdish militants' main base in northern Iraq, according to reports in Turkish newspapers on Friday. In August, Turkey carried out a series of air and arti
Published 17 Sep, 2011 12:00am
China detains general's son for assault

China detains general's son for assault

China has detained the 15-year-old son of a well-known general for beating a couple while their young child looked on in an incident that sparked public outrage, the state Xinhua news agency said. The move came after hundreds of thousands of people went o
Published 17 Sep, 2011 12:00am
Roughly 10 percent of Afghan rebels have joined reintegration

Roughly 10 percent of Afghan rebels have joined reintegration

Roughly 10 per cent of members of the Taliban-led insurgency in Afghanistan have joined a Western-backed reintegration programme aimed encouraging people to lay down arms, Nato said Friday. The Afghanistan Peace and Reintegration Programme is run by the l
Published 17 Sep, 2011 12:00am
Brussels seeks bigger hand in border control decisions

Brussels seeks bigger hand in border control decisions

The European Commission launched a bid Friday to oversee any return of border checks in Europe's passport-free travel area, despite opposition from nations refusing to hand Brussels such powers. Beloved by travellers who can enjoy unfettered trips across
Published 17 Sep, 2011 12:00am
No change on grain market

No change on grain market

Commodities prices were unchanged on the wholesale grain and seed market on Friday as almost all participants were busy in preparations for Juma prayers.
Published 17 Sep, 2011 12:00am
US Midwest corn and soya bids mostly steady

US Midwest corn and soya bids mostly steady

Spot basis bids for corn and soyabeans mostly held steady around the US Midwest on Thursday, supported by sharply lower futures and slow farmer sales of each commodity, grain merchants said. Market remained quiet, with so-called gut slot of harvest still
Published 17 Sep, 2011 12:00am
Rates ease on cotton market as phutti arrivals pick up

Rates ease on cotton market as phutti arrivals pick up

As a result of picking operations improvement the ginners started selling on the cotton market on Friday at the present rates, dealers said. The Karachi Cotton Association (KCA) spot rate was unchanged at Rs 7400, they said. Prices of seedcotton in Sindh
Published 17 Sep, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 61,265 tonnes of cargo including 37,132 tonnes of import cargo, 24,133 tonnes of export cargo and 1,759 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 37,132 tonnes comprise
Published 17 Sep, 2011 12:00am
Kenya expects maize surplus by year end

Kenya expects maize surplus by year end

Kenya expects to have a surplus of 2.2 million 90-kg bags of maize (198,000 tonnes) by the end of December, thanks to improved harvests from its long and short rainy seasons and a steady flow of duty-free imports, its Agriculture Ministry said.
Published 17 Sep, 2011 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Thursday the most in five weeks, on a percentage basis, weighed down by selling by farmers and funds and spillover pressure from weaker soy and grains, traders said. Funds sold estimated 4,500 contracts on technical wea
Published 17 Sep, 2011 12:00am
China likely to reap bumper grain harvest in 2011

China likely to reap bumper grain harvest in 2011

China is likely to reap another bumper grain harvest this year, with output rising 3 percent from a year ago to a record of more than 560 million tonnes, a senior government official said. "The country's total grain output may hit a record again, the eigh
Published 17 Sep, 2011 12:00am
Vietnam to stockpile 432,000 tonnes of coffee

Vietnam to stockpile 432,000 tonnes of coffee

Vietnam's 16 largest coffee exporters will buy 432,000 tonnes, or 7.2 million 60-kg bags, of the bean for stockpiles to prevent prices from falling, a state-run newspaper said on Friday. The exporters will buy the beans from next month to January 2012 and
Published 17 Sep, 2011 12:00am
Fighting the Dengue war

Fighting the Dengue war

Three weeks after the City District Government of Lahore declared a "dengue emergency," the epidemic is still raging with full force. In Lahore alone, over 3,500 cases of dengue have been reported, while the count in the province has crossed the 4,000 mar
Published 17 Sep, 2011 12:00am
KARACHI CHRONICLE: firmly into the monsoon belt

KARACHI CHRONICLE: firmly into the monsoon belt

While rain in the monsoon season has become a regular feature in Karachi, the city has rarely experienced a full-blooded monsoon season with rainfall through July, August, September and the finale in October which, in my birth city (Pune) is called the El
Published 17 Sep, 2011 12:00am
ART FACTS: The tangible forms

ART FACTS: The tangible forms

A group of eight artists gather at Koel Gallery, Karachi to record their concerns regarding socio-political disorder of our country. The works of these artists is actually a reaction to the unnatural and immature behaviours of our society towards serious
Published 17 Sep, 2011 12:00am
BRIDGE NOTES: The art of preservation

BRIDGE NOTES: The art of preservation

Preservation is a virtue emphasised in all fields as it caters to saving for the future which can be otherwise bleak and hard to endure. Bridge also conforms to this all embracing concept of preservation which can at times be the key factor in the success
Published 17 Sep, 2011 12:00am
New York cotton

New York cotton

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

Published 17 Sep, 2011 12:00am
'Yes, I did it'

'Yes, I did it'

Fast bowler Mohammad Amir has confessed to his involvement in spot-fixing during Pakistan's Test series in England last year. The bookie, Mazhar Majeed, who set up the fix, has also confessed in court, according to a private TV channel. The left-arm highl
Published 17 Sep, 2011 12:00am
New York cotton

New York cotton

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

Published 17 Sep, 2011 12:00am
'Yes, I did it'

'Yes, I did it'

Fast bowler Mohammad Amir has confessed to his involvement in spot-fixing during Pakistan's Test series in England last year. The bookie, Mazhar Majeed, who set up the fix, has also confessed in court, according to a private TV channel. The left-arm highl
Published 17 Sep, 2011 12:00am
Senate passes power bill without vote count

Senate passes power bill without vote count

The Senate on Friday passed 'The Regulation of Generation, Transmission and Distribution of Electric Power (Amendment) Bill, 2011', without a vote count despite opposition parties' objection. Naveed Qamar, Minister for Water and Power, moved the bill for
Published 17 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 17 Sep, 2011 12:00am
Senate passes power bill without vote count

Senate passes power bill without vote count

The Senate on Friday passed 'The Regulation of Generation, Transmission and Distribution of Electric Power (Amendment) Bill, 2011', without a vote count despite opposition parties' objection. Naveed Qamar, Minister for Water and Power, moved the bill for
Published 17 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 17 Sep, 2011 12:00am
Senate passes power bill without vote count

Senate passes power bill without vote count

The Senate on Friday passed ''The Regulation of Generation, Transmission and Distribution of Electric Power (Amendment) Bill, 2011'', without a vote count despite opposition parties'' objection. Naveed Qamar, Minister for Water and Power, moved the bill f
Published 17 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 Friday (September 16, 2011).

Published 17 Sep, 2011 12:00am
Senate passes power bill without vote count

Senate passes power bill without vote count

The Senate on Friday passed ''''The Regulation of Generation, Transmission and Distribution of Electric Power (Amendment) Bill, 2011'''', without a vote count despite opposition parties'''' objection. Naveed Qamar, Minister for Water and Power, moved the
Published 17 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 Friday (September 16, 2011).

Published 17 Sep, 2011 12:00am
EU reaches draft deal on tougher budget rules

EU reaches draft deal on tougher budget rules

The European Union reached a deal on Friday to toughen its budget rules, in a bid to restore some market confidence in euro zone public finances and prevent another sovereign debt crisis. The new rules would apply mainly to the 17 countries sharing the eu
Published 17 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 Friday (September 16, 2011).

Published 17 Sep, 2011 12:00am
EU reaches draft deal on tougher budget rules

EU reaches draft deal on tougher budget rules

The European Union reached a deal on Friday to toughen its budget rules, in a bid to restore some market confidence in euro zone public finances and prevent another sovereign debt crisis. The new rules would apply mainly to the 17 countries sharing the eu
Published 17 Sep, 2011 12:00am
EU reaches draft deal on tougher budget rules

EU reaches draft deal on tougher budget rules

The European Union reached a deal on Friday to toughen its budget rules, in a bid to restore some market confidence in euro zone public finances and prevent another sovereign debt crisis. The new rules would apply mainly to the 17 countries sharing the eu
Published 17 Sep, 2011 12:00am
UN steps up aid

UN steps up aid

The United Nations said Friday that it was stepping up aid to Pakistan, where monsoon floods have killed 270 people, affected over 5.5 million others and destroyed 1.1 million homes. The UN's children agency said it would distribute 200,000 litres of wate
Published 17 Sep, 2011 12:00am
UN steps up aid

UN steps up aid

The United Nations said Friday that it was stepping up aid to Pakistan, where monsoon floods have killed 270 people, affected over 5.5 million others and destroyed 1.1 million homes. The UN's children agency said it would distribute 200,000 litres of wate
Published 17 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 Friday (September 16, 2011).

Published 17 Sep, 2011 12:00am
Cameron assures help for flood victims

Cameron assures help for flood victims

British Prime Minister David Cameron on Friday telephoned Prime Minister Syed Yusuf Raza Gilani and said his country was ready to help the rain victims and people affected by devastating rains and floods in Sindh. Prime Minister Cameron also appreciated P
Published 17 Sep, 2011 12:00am
Cameron assures help for flood victims

Cameron assures help for flood victims

British Prime Minister David Cameron on Friday telephoned Prime Minister Syed Yusuf Raza Gilani and said his country was ready to help the rain victims and people affected by devastating rains and floods in Sindh. Prime Minister Cameron also appreciated P
Published 17 Sep, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (September 16, 2011).
Published 17 Sep, 2011 12:00am
Loans by MFBs: SBP withdraws gold, cash collateral condition

Loans by MFBs: SBP withdraws gold, cash collateral condition

The State Bank of Pakistan (SBP) has withdrawn the general provision requirements for loans extended by micro-finance banks (MFBs) against gold or other cash collateral. In case of all other loans, SBP has reduced the general provision requirement for MFB
Published 17 Sep, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (September 16, 2011).

Published 17 Sep, 2011 12:00am
Loans by MFBs: SBP withdraws gold, cash collateral condition

Loans by MFBs: SBP withdraws gold, cash collateral condition

The State Bank of Pakistan (SBP) has withdrawn the general provision requirements for loans extended by micro-finance banks (MFBs) against gold or other cash collateral. In case of all other loans, SBP has reduced the general provision requirement for MFB
Published 17 Sep, 2011 12:00am
Loans by MFBs: SBP withdraws gold, cash collateral condition

Loans by MFBs: SBP withdraws gold, cash collateral condition

The State Bank of Pakistan (SBP) has withdrawn the general provision requirements for loans extended by micro-finance banks (MFBs) against gold or other cash collateral. In case of all other loans, SBP has reduced the general provision requirement for MFB
Published 17 Sep, 2011 12:00am
Reduction in tariffs: MoC expresses serious reservations

Reduction in tariffs: MoC expresses serious reservations

The Ministry of Commerce (MoC) has reportedly opposed blindly lowering of tariffs as unilateral reduction in tariffs across the board on Most Favoured Nation (MFN) basis would leave Pakistan with little to bargain, sources in EDB told Business Recorder
Published 17 Sep, 2011 12:00am
Reduction in tariffs: MoC expresses serious reservations

Reduction in tariffs: MoC expresses serious reservations

The Ministry of Commerce (MoC) has reportedly opposed blindly lowering of tariffs as unilateral reduction in tariffs across the board on Most Favoured Nation (MFN) basis would leave Pakistan with little to bargain, sources in EDB told Business Recorder
Published 17 Sep, 2011 12:00am
Reduction in tariffs: MoC expresses serious reservations

Reduction in tariffs: MoC expresses serious reservations

The Ministry of Commerce (MoC) has reportedly opposed blindly lowering of tariffs as unilateral reduction in tariffs across the board on Most Favoured Nation (MFN) basis would leave Pakistan with little to bargain, sources in EDB told Business Recorder
Published 17 Sep, 2011 12:00am
Now it's US' turn to 'do more': Prime Minister

Now it's US' turn to 'do more': Prime Minister

Prime Min-ister Syed Yousuf Raza Gilani on Friday said Pakistan had already contributed enormously in fight against terrorism and extremism, and stressed that the United States should 'do more' instead. "Now it's the time that they (United States) should
Published 17 Sep, 2011 12:00am
Now it's US' turn to 'do more': Prime Minister

Now it's US' turn to 'do more': Prime Minister

Prime Min-ister Syed Yousuf Raza Gilani on Friday said Pakistan had already contributed enormously in fight against terrorism and extremism, and stressed that the United States should 'do more' instead. "Now it's the time that they (United States) should
Published 17 Sep, 2011 12:00am
UN session: Gilani cancels his visit

UN session: Gilani cancels his visit

Prime Min-ister Syed Yousuf Raza Gilani on Friday cancelled his visit to New York to address the 66th Session of the United Nations General Assembly (UNGA) and nominated Foreign Minister Hina Rabbani Khar to lead the Pakistan delegation to the UNGA from S
Published 17 Sep, 2011 12:00am
UN session: Gilani cancels his visit

UN session: Gilani cancels his visit

Prime Min-ister Syed Yousuf Raza Gilani on Friday cancelled his visit to New York to address the 66th Session of the United Nations General Assembly (UNGA) and nominated Foreign Minister Hina Rabbani Khar to lead the Pakistan delegation to the UNGA from S
Published 17 Sep, 2011 12:00am
'Frankly, I have my doubts'

'Frankly, I have my doubts'

Army chief said on Friday he doubted neighbouring Afghanistan would be ready for international troops to leave by 2014 as planned. "Frankly, I have my doubts," General Ashfaq Parvez Kayani told Reuters on the sidelines of a Nato Military Committee confere
Published 17 Sep, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (September 16, 2011).

Published 17 Sep, 2011 12:00am
'Frankly, I have my doubts'

'Frankly, I have my doubts'

Army chief said on Friday he doubted neighbouring Afghanistan would be ready for international troops to leave by 2014 as planned. "Frankly, I have my doubts," General Ashfaq Parvez Kayani told Reuters on the sidelines of a Nato Military Committee confere
Published 17 Sep, 2011 12:00am
Policy formulation: Kayani underlines Pakistan's sovereign right

Policy formulation: Kayani underlines Pakistan's sovereign right

The Chief of Army Staff (CoAS), General Ashfaq Parvez Kayani attended Nato Chiefs of Defence meeting at Seville, Spain. The CoAS delivered a talk on Pakistan's role in global war on terror. He highlighted the sacrifices given by Pakistan to fight the mena
Published 17 Sep, 2011 12:00am
Policy formulation: Kayani underlines Pakistan's sovereign right

Policy formulation: Kayani underlines Pakistan's sovereign right

The Chief of Army Staff (CoAS), General Ashfaq Parvez Kayani attended Nato Chiefs of Defence meeting at Seville, Spain. The CoAS delivered a talk on Pakistan's role in global war on terror. He highlighted the sacrifices given by Pakistan to fight the mena
Published 17 Sep, 2011 12:00am
Cotecna Reference: court disposes of case against Zardari, Nusrat

Cotecna Reference: court disposes of case against Zardari, Nusrat

A judge of the Accountability Court in Rawalpindi on Friday disposed of the case against President Asif Ali Zardari and Nusrat Bhutto in the Cotecna reference "for lack of evidence". Delivering its verdict, the court said that the prosecution had failed t
Published 17 Sep, 2011 12:00am
Cotecna Reference: court disposes of case against Zardari, Nusrat

Cotecna Reference: court disposes of case against Zardari, Nusrat

A judge of the Accountability Court in Rawalpindi on Friday disposed of the case against President Asif Ali Zardari and Nusrat Bhutto in the Cotecna reference "for lack of evidence". Delivering its verdict, the court said that the prosecution had failed t
Published 17 Sep, 2011 12:00am
Index gains 51.24 points

Index gains 51.24 points

The KSE-100 index on Friday gained 51.24 points to close at 11,353.46 points on the back of local investors and institutional support. After opening in positive, the index briefly visited negative zone, down 3.00 points, at 11,299.25 points intra-day low
Published 17 Sep, 2011 12:00am
Index gains 51.24 points

Index gains 51.24 points

The KSE-100 index on Friday gained 51.24 points to close at 11,353.46 points on the back of local investors and institutional support. After opening in positive, the index briefly visited negative zone, down 3.00 points, at 11,299.25 points intra-day low
Published 17 Sep, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Friday (September 16, 2011).

Published 17 Sep, 2011 12:00am
Index gains 51.24 points

Index gains 51.24 points

The KSE-100 index on Friday gained 51.24 points to close at 11,353.46 points on the back of local investors and institutional support. After opening in positive, the index briefly visited negative zone, down 3.00 points, at 11,299.25 points intra-day low
Published 17 Sep, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Friday (September 16, 2011).

Published 17 Sep, 2011 12:00am
BRIndex30 up 9.66 points

BRIndex30 up 9.66 points

On Friday, the BRIndex30 opened at 8,477.99 points. It touched the intra-day high of 8,523.94 points and low of 8,452.15 points, and closed at 8,487.65 points with a net positive change of 9.66 points, or 0.11 percent higher than previous close.
Published 17 Sep, 2011 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Friday (September 16, 2011).

Published 17 Sep, 2011 12:00am
BRIndex30 up 9.66 points

BRIndex30 up 9.66 points

On Friday, the BRIndex30 opened at 8,477.99 points. It touched the intra-day high of 8,523.94 points and low of 8,452.15 points, and closed at 8,487.65 points with a net positive change of 9.66 points, or 0.11 percent higher than previous close.
Published 17 Sep, 2011 12:00am
Taliban amnesty drive weak in Afghan hotspots: Nato

Taliban amnesty drive weak in Afghan hotspots: Nato

Most Taliban insurgents taking up an amnesty offer are low-level fighters and relatively few are from violent hotspots, but nearly 2,500 - more than expected - have laid down their arms in a year, Nato says. Backed by $142 million of international funding
Published 17 Sep, 2011 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Friday where equities moved both ways and finally stayed in positive zone amid fresh buying in oil annd fertiliser sectors' shares The LSE-25 index was marginally increased by 4.14 points to
Published 17 Sep, 2011 12:00am
Mixed sentiments prevail on LSE

Mixed sentiments prevail on LSE

Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Friday where equities moved both ways and finally stayed in positive zone amid fresh buying in oil annd fertiliser sectors' shares The LSE-25 index was marginally increased by 4.14 points to
Published 17 Sep, 2011 12:00am
ISE index gains 16.69 points

ISE index gains 16.69 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 16.69 points, as the Index moved from 2,452.44 to 2,469.
Published 17 Sep, 2011 12:00am
ISE index gains 16.69 points

ISE index gains 16.69 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 16.69 points, as the Index moved from 2,452.44 to 2,469.
Published 17 Sep, 2011 12:00am
Trading remains range bound amid firm spot rate: PCGA

Trading remains range bound amid firm spot rate: PCGA

Pakistan Cotton Ginners Association (PCGA) sources said here on Friday that the trading in the commercial capital of the country remained range bound amid firm spot rate and resumption of more ginning activities in Sindh after rains.
Published 17 Sep, 2011 12:00am
UAF ranked second among all national universities

UAF ranked second among all national universities

The Organisation of Islamic Conference (OIC) has ranked the University of Agriculture, Faisalabad (UAF) second best after Agha Khan University amongst all public and private institutions of higher learning across the country.
Published 17 Sep, 2011 12:00am
Two die, dozens houses collapse due to heavy rain in Faisalabad

Two die, dozens houses collapse due to heavy rain in Faisalabad

Intermittent heavy rain in Faisalabad on Friday claimed lives of two persons while over 2 dozen kachcha houses also collapsed in Faisalabad and its suburban areas including Kokian Wala, Chohla, Sadhar, Sher Singh Wala, Jhang Road Abadi, Thikriwala and Ghu
Published 17 Sep, 2011 12:00am
SECP registers 277 companies in August

SECP registers 277 companies in August

The Securities and Exchange Commission of Pakistan (SECP) registered 277 companies in August, raising the total corporate portfolio to 59,761 companies. The private companies have the highest share in new incorporation: 257, followed by 16 single-member c
Published 17 Sep, 2011 12:00am
Call to raise awareness about sexual harassment bill

Call to raise awareness about sexual harassment bill

Promulgation of anti-sexual harassment act 2010 is a major step forward to protect the honour, dignity and civil liberties of women in our country. Touching this important milestone in the history of struggle for protection and promotion of women rights r
Published 17 Sep, 2011 12:00am
SPRC organises training programme for focal persons

SPRC organises training programme for focal persons

The Society for the Protection of the Rights of the Child (SPRC) organised a two days' training programme for the focal persons who directly deal with the schools and children registered in Child Participation Programme.
Published 17 Sep, 2011 12:00am
LCCI polls: PIAF-Founders Alliance secures support from industrialists

LCCI polls: PIAF-Founders Alliance secures support from industrialists

The PIAF-Founders Alliance has secured support of all the industrial areas in and around the City of Lahore, as a large number of industrialists belonging to Quaid-e-Azam Industrial Estate, Sunder Industrial Estate, Ferozepur Road Industrial Estate, Katar
Published 17 Sep, 2011 12:00am
Police asked to submit challan against KESC workers

Police asked to submit challan against KESC workers

Administrative Judge of Anti-Terrorism Courts (ATCs), Karachi Division Justice Maqbool Baqar has directed the police to submit challan of the case against leaders and employees of KESC Labour Union on September 19. The court issued this directive while he
Published 17 Sep, 2011 12:00am
Locomotives from India: LHC issues notice to federal government

Locomotives from India: LHC issues notice to federal government

The Lahore High Court on Friday issued notice to the federal government and directed secretary Pakistan Railways to file his reply within two weeks in a petition challenging decision of Pakistan Railways of getting locomotives on lease from India. The cou
Published 17 Sep, 2011 12:00am
IMAX theatre: LHC directs authorities to wind up construction

IMAX theatre: LHC directs authorities to wind up construction

A Full Bench of the Lahore High Court (LHC) has directed the authorities to wind up the construction of IMAX theatre at the site of Doongi Ground MM Alam Road, and keeping the basic status of the site as park and play ground, set up a library thereon.
Published 17 Sep, 2011 12:00am
Dengue on the rise in Multan

Dengue on the rise in Multan

The number of dengue-infested people is on the rise in Multan city with citizens demanding the government to conduct spray in every area. A separate ward has been set up for dengue patients at Nishtar Hospital, where they are being provided with medical c
Published 17 Sep, 2011 12:00am
Saeed Elahi rejects notions of politics on dengue virus

Saeed Elahi rejects notions of politics on dengue virus

Dr Saeed Elahi Parliamentary Secretary Health in Punjab Assembly speaking during 30th session here on Friday rejected the notion that provincial government is doing politics on the issue of dengue virus and spread of epidemic. Speaking during the unified
Published 17 Sep, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 17 Sep, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 17 Sep, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Sep, 2011 12:00am
Board meetings in progress

Board meetings in progress

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

Published 17 Sep, 2011 12:00am
Firdous visits PBA

Firdous visits PBA

Federal Minister for Information and Broadcasting, Dr Firdous Ashiq Awan visited PBA and met Directors of PBA and urged upon the PBA members to come forward and help the people affected by floods in Sindh. It is the worst flooding disaster in the history
Published 17 Sep, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Sep, 2011 12:00am
MNA stresses anti-dengue spray

MNA stresses anti-dengue spray

Member National Assembly and Chairman Emergency Response Committee for Dengue Virus, Ravi Town Malik Muhamamd Riaz has stressed upon the owners of private educational institutions to ensure anti-dengue spray in their schools and colleges within holidays a
Published 17 Sep, 2011 12:00am
Safma pays rich tribute to late journalist Eric Cyprian

Safma pays rich tribute to late journalist Eric Cyprian

Speakers at the function held here paid rich tributes to late Professor Eric Cyprian for his great contribution as a journalist, academician and political worker. The function was arranged by South Asian Free Media Association (Safma) Pakistan in connecti
Published 17 Sep, 2011 12:00am
Pasdec exploring new markets for marble export

Pasdec exploring new markets for marble export

Pakistan Stone Development Company (Pasdec) is endeavoring to develop the country's Marble and Granite sector on modern lines with the help of cutting edge machinery, equipment and technical expertise. This was stated by Chief Executive Officer Pasdec, Ih
Published 17 Sep, 2011 12:00am
Babar Awan calls on Ibad

Babar Awan calls on Ibad

Former Law Minister Dr Babar Awan on Friday called on Sindh Governor Dr Ishratul Ibad Khan at Governor House and discussed prevailing political situation in the country. According to a Governor House statement issued here, both the leaders expressed their
Published 17 Sep, 2011 12:00am
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