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Archive - 2011-10-09
Vegetable prices increase in twin cities
Top News

Vegetable prices increase in twin cities

ISLAMABAD: Prices of vegetables have increased in the twin cities of Islamabad and Rawalpindi due to their short supply.
Published 09 Oct, 2011 05:11pm
Two NATO oil tankers torched
Top News

Two NATO oil tankers torched

SIBBI: Unknown armed men set ablaze two NATO oil tankers on National Highway near Bala Nari area of Bolan district on Su
Published 09 Oct, 2011 04:31pm
'Senate elections to be held in time'
Top News

'Senate elections to be held in time'

FAISALABAD : Pakistan People's Party leader and former Federal Law Minister Dr Babar Awan on Sunday said Senate electi
Published 09 Oct, 2011 02:35pm
World debate on Halal meat on Dec 14-15
Top News

World debate on Halal meat on Dec 14-15

LAHORE : An international conference on promotion of Halal meat will be held on December 14-15 in the city. Delegates
Published 09 Oct, 2011 12:37pm
Fate of British defence secretary hangs
Top News

Fate of British defence secretary hangs

LONDON : The fate of Britain 's Defence Secretary Liam Fox may be decided next week after claims his relationship with
Published 09 Oct, 2011 12:10pm
Mobile phone import rush around 13.79pc
Top News

Mobile phone import rush around 13.79pc

ISLAMABAD : The import of mobile phone in the country has registered increase of 13.79 percent during the month of Augus
Published 09 Oct, 2011 11:56am
Thai floods close factories
Asia

Thai floods close factories

BANGKOK : Nearly 200 factories, including one run by Japanese car maker Honda Motor Co Ltd, closed in the central Thai
Published 09 Oct, 2011 11:06am
FPCCI encourages young entrepreneurs
Top News

FPCCI encourages young entrepreneurs

ISLAMABAD: Chairman Coordination Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Raza Khan has said tha
Published 09 Oct, 2011 09:41am
Separate levy on gas consumers likely
Top News

Separate levy on gas consumers likely

MUSHTAQ GHUMMAN ISLAMABAD : The government is likely to impose a separate levy on gas consumers for development of ne
Published 09 Oct, 2011 08:00am
Prices depict mixed trend
Top News

Prices depict mixed trend

TAHIR AMIN ISLAMABAD: Prices of the essential kitchen basket showed mixed trend during the current week compared to l
Published 09 Oct, 2011 07:55am
Close aides of Liaquat Jatoi join PPP

Close aides of Liaquat Jatoi join PPP

Three close aides of former chief minister Liaquat Jatoi have joined the Pakistan People's Party here on Saturday. Former Nazim Abdul Waheed Kalhoro, Sardar Aijaz Sehol and Shahid Ahmed Sehol have announced their joining in front of Sindh Chief Minister S
Published 09 Oct, 2011 12:00am
32 health inspectors appointed in Lahore

32 health inspectors appointed in Lahore

Director Health Information Management System Dr Muhammad Anwar Janjua said the Punjab health department has appointed 32 health inspectors in Lahore to implement the dengue control regulations in letter and spirit. Talking to journalists Dr Janjua said t
Published 09 Oct, 2011 12:00am
Fourth anniversary of Shuhuda-e-Karsaz: PPP finalises arrangements

Fourth anniversary of Shuhuda-e-Karsaz: PPP finalises arrangements

Pakistan Peoples Party (PPP) has finalised arrangements to observe fourth death anniversary of those killed during attack on the procession led by Shaheed Benazir Bhutto on Karsaz, Shahrah-e-Faisal. According to a press release issued by Peoples Secretari
Published 09 Oct, 2011 12:00am
NICL scam case proceedings adjourned to October 12

NICL scam case proceedings adjourned to October 12

District and Sessions Judge, Mujahid Mastaqeem here Saturday adjourned to October 12 the hearing in National Insurance Company Limited (NICL) scam case after counsel of Moonis Elahi MPA and son of former Chief Minister Punjab concluded his arguments. FIA
Published 09 Oct, 2011 12:00am
Obtaining NOC for NTN change: Taxpayers facing serious problems

Obtaining NOC for NTN change: Taxpayers facing serious problems

The registered taxpayers are facing serious problems in complying with the mandatory provision of obtaining the 'No Objection Certificate' (NOC) from the concerned Inland Revenue Officer for "change in the particular" given for the National Tax Number (NT
Published 09 Oct, 2011 12:00am
Afghanistan: US must intervene to curb Indian influence: Musharraf

Afghanistan: US must intervene to curb Indian influence: Musharraf

Pervez Musharraf, former President of Pakistan and Chief of All Pakistan Muslim League (APML) during his visit to Washington has stressed that US must address the concerns of Pakistan related to security and stability in Afghanistan following the withdraw
Published 09 Oct, 2011 12:00am
US denies launching anti-Pakistan campaign

US denies launching anti-Pakistan campaign

The United States has denied that it is orchestrating an anti-Pakistan campaign with a series of recent statements, saying it is only trying to make the case for co-operative efforts against terrorist threat.
Published 09 Oct, 2011 12:00am
Khyber Pakhtunkhwa governor offers support for peace efforts in Fata

Khyber Pakhtunkhwa governor offers support for peace efforts in Fata

Khyber Pakhtunkhwa Governor Masood Kauser has said that the lasting peace is imperative in FATA for maintaining calmness in the rest of the country, adding that despite political differences, PML-N extends a helping hand to the government in its peace ini
Published 09 Oct, 2011 12:00am
Minister assures support to Smeda

Minister assures support to Smeda

Senior Federal Minister Industries and Defence Production, Chaudhry Pervaiz Elahi has vowed to strengthen Small and Medium Enterprises Development Authority (Smeda) for rapid development of SMEs in the country. Addressing the 12th meeting of Smeda board o
Published 09 Oct, 2011 12:00am
Dengue virus: state-of-the-art research centre likely to be set up

Dengue virus: state-of-the-art research centre likely to be set up

A state-of-the-art research centre on dengue virus is likely to be set up on the directive of Punjab Chief Minister Mian Muhammad Shahbaz Sharif to fight the disease affecting 500 people daily and killing 9 to 10 people in a day. A feasibility report on t
Published 09 Oct, 2011 12:00am
APC generated loud message of unity among parties: Munawwar

APC generated loud message of unity among parties: Munawwar

Amir of Jamate Islami, Syed Munawwar Hassan, has said All Parties Conference (APC) organised by PPP government managed to generate a clear message of unity among political parties of the country. "It was well communicated to the world that despite their d
Published 09 Oct, 2011 12:00am
Gas cuts, plants closure leading to fertiliser crisis

Gas cuts, plants closure leading to fertiliser crisis

Vice President Marketing Engro Fertilisers Limited Mohammad Khalid Mir has said continued gas curtailment and closure of plants operating on SNGPL network is leading to fertiliser crisis. He was talking to a group of journalists from Lahore and Karachi du
Published 09 Oct, 2011 12:00am
Rally demands protection for brick kiln workers' rights

Rally demands protection for brick kiln workers' rights

Freedom Bhatta Workers Union, Association of Women for Awareness and Motivation (AWAM), Peace and Human Development (PHD Foundation), Workers Party Pakistan (WPP) and Liaison for Enforcement of Human Rights (LEHR) jointly staged a peaceful protest rally a
Published 09 Oct, 2011 12:00am
Zero loadshedding for third consecutive day

Zero loadshedding for third consecutive day

Power demand and supply on equalised for domestic consumers on Saturday, leading to zero load-shedding in urban areas for the third consecutive day. According to the Pepco brief, power demand and supply remained 14,385MW. The hydel, thermal, IPPs and RPPs
Published 09 Oct, 2011 12:00am
Senate body for revising draft of SEZs Bill 2010

Senate body for revising draft of SEZs Bill 2010

Senate Standing Committee on Law, Justice, Human Rights and Parliamentary Affairs has directed the Board of Investment to revise the draft of Special Economic Zones (SEZs) Bill 2010 in the light of recommendations made by the participants of a meeting. Th
Published 09 Oct, 2011 12:00am
PBIT leading business delegation to Italy

PBIT leading business delegation to Italy

Punjab Board of Investment and Trade (PBIT) in collaboration with Italian Pakistan Business Association (IPBA) is leading a delegation of businessmen from various chambers of commerce and industry (CC&Is) in Punjab, comprising Rahim Yar Khan, Faisalabad a
Published 09 Oct, 2011 12:00am
Sartaj Aziz for inclusion of food security in the constitution

Sartaj Aziz for inclusion of food security in the constitution

Former Finance Minister, Sartaj Aziz has said that food security should be accepted as a fundamental right in the constitution just like education is accepted as a basic right of every citizen in the 18th constitutional amendment.
Published 09 Oct, 2011 12:00am
LCCI welcomes policy rate cut

LCCI welcomes policy rate cut

The Lahore Chamber of Commerce and Industry (LCCI) on Saturday welcomed 1.5 percent policy rate cut. President LCCI Irfan Qaiser Sheikh in his statement said that the step taken by the State Bank of Pakistan (SBP) would help strengthen the economic indica
Published 09 Oct, 2011 12:00am
Siraj Durrani meets Shujaat

Siraj Durrani meets Shujaat

On the directions of President Asif Ali Zardari, Sindh Minister for Local Bodies and leader of Pakistan People's Party, Agha Siraj Durrani met Pakistan Muslim League-Q President, Chaudhry Shujaat Hussein, here on Saturday, and discussed various matters in
Published 09 Oct, 2011 12:00am
Authorities directed to renovate Rani Bagh before Eid

Authorities directed to renovate Rani Bagh before Eid

The Sindh Minister for Fisheries Zahid Ali Bhurgri, who was also the President of PPP Hyderabad Chapter, has directed the officers concerned to renovate and revamp the Rani Bagh Hyderabad before coming Eid-ul-Azha. This he directed while visiting Rani Bag
Published 09 Oct, 2011 12:00am
DCO Karachi issues notices to CDGK officers

DCO Karachi issues notices to CDGK officers

The District Co-ordination Officer (DCO) Karachi Roshan Ali Shaikh has issued show cause notices to the officers of city district government Karachi including executive district officers (EDO) who are allegedly involved in malpractices and sought written
Published 09 Oct, 2011 12:00am
Trade, industry hail policy rate cut

Trade, industry hail policy rate cut

Trade and industry have hailed the reduction of 150 basis points in the Monetary Policy announced by the Governor of State Bank of Pakistan on Saturday. Korangi Association of Trade and Industry (KATI) Patron In-Chief S M Muneer, Chairman Ehteshamuddin, V
Published 09 Oct, 2011 12:00am
Mother, three children killed in accident

Mother, three children killed in accident

A mother with her three children, including an infant, died on the spot as, the motorcycle they were travelling on, was hit by a truck, near Choona Factory, Hyderabad Road. According to information available Bhooro, a resident of Mirpurkas city, along wit
Published 09 Oct, 2011 12:00am
BISE exams schedule announced

BISE exams schedule announced

The Board of Intermediate & Secondary Education Hyderabad has announced the schedule of examinations of Art Teachers Course, Oriental Teachers Course and Art Masters Course, PTC & CT Regular/ex-candidates, PTC/CT/CT Agro Tech/OTC/ATC and AMC examinations
Published 09 Oct, 2011 12:00am
Saudi assistance for quake-stricken areas admirable

Saudi assistance for quake-stricken areas admirable

The Custodian of Two Holy Mosques, King Abdullah Bin Abdulaziz Al Saud announced an emergency relief package worth US $133 million for Pakistan when an earthquake measuring 7.6 on international rector scale hit the beautiful region of Azad Jammu and Kashi
Published 09 Oct, 2011 12:00am
AJK President, Prime Minister host lunch for Gilani

AJK President, Prime Minister host lunch for Gilani

President Azad Jammu and Kashmir Sardar Yaqub Khan and Prime Minister Chaudhry Abdul Majeed hosted a lunch in honour of Prime Minister Syed Yousuf Raza Gilani here on Saturday. The lunch was attended by members of AJK Legislative Assembly, leaders of All
Published 09 Oct, 2011 12:00am
Supreme Court sets up five benches for next week

Supreme Court sets up five benches for next week

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry has constituted five benches at the Principal seat to hear a number of cases in the next week starting from October 10.
Published 09 Oct, 2011 12:00am
Violation of PPR-2004 by Lahore DHA

Violation of PPR-2004 by Lahore DHA

The Public Procurement Regulatory Authority (PPRA) has called for comprehensive report/comments from the Administrator, Defence Housing Authority (DHA), Lahore, on a complaint forwarded to PPRA by Transparency International Pakistan, regarding "request fo
Published 09 Oct, 2011 12:00am
Two PML-N leaders join PPP

Two PML-N leaders join PPP

Pakistan Muslim League-Nawaz (PML-N) leaders Chaudhry Waqar Khan first cousin of Chaudhry Nisar Ali Khan, Leader of Opposition in the National Assembly along with Sardar Iqbal Saturday joined Pakistan People's Party (PPP). In a press conference flanked by
Published 09 Oct, 2011 12:00am
Officials urged to continue polio campaign

Officials urged to continue polio campaign

District Co-ordination Officer Jamshoro Nasir Abbas Soomro has urged the health and union council officials to continue polio campaign and make full effort to eradicate polio from the district. The DCO had a meeting with health, union council secretaries
Published 09 Oct, 2011 12:00am
'Islamic banking growing fast in Pakistan'

'Islamic banking growing fast in Pakistan'

Islamic system of banking is rapidly growing in Pakistan with annualised growth rate of one percent. That is the highest growth rate of this industry in the world. "The market share of Islamic banking in Pakistan has gone up to 7 percent and, with the cur
Published 09 Oct, 2011 12:00am
Land worth Rs 500 million recovered near Northern Bypass

Land worth Rs 500 million recovered near Northern Bypass

Anti-encroachment squad of City District Government Karachi during an action on Saturday recovered 100 acres of land worth about Rs 500 million near Northern Bypass. The recovered land which is located in Keamari and Gadap Town was allotted by Board of Re
Published 09 Oct, 2011 12:00am
Fake intelligence officer, three extortionists held

Fake intelligence officer, three extortionists held

Law Enforcement Agencies (LEAs) on Saturday claimed to have detained over a dozen suspects including a fake intelligence officer and three extortionists in separate raids at various parts of the metropolis here on Saturday. According to the police, the Cr
Published 09 Oct, 2011 12:00am
ASF seizes seven kg narcotics

ASF seizes seven kg narcotics

Airport Security Force (ASF) on Saturday claimed to have recovered seven kilograms of narcotics from a passenger at Karachi airport. According to ASF sources, the accused, who was identified as Azhar Iqbal appeared suspicious during thorough examination o
Published 09 Oct, 2011 12:00am
Dr Shahzad elected chairman PCFAMEA

Dr Shahzad elected chairman PCFAMEA

The following have been elected to represent Pakistan Cotton Fashion Apparel Manufacturers and Exporters Association (PCFAMEA) for the year 2011-2012.
Published 09 Oct, 2011 12:00am
Six small dams to be completed next year

Six small dams to be completed next year

The construction of six small dams is expected to complete during next financial year (2011-12), which would help irrigate around 12,310 acres of agricultural land. The dams whose construction would be completed include Darmalak Dam (Kohat), Lawaghar and
Published 09 Oct, 2011 12:00am
Government urged to formulate special package for Sialkot SMEs

Government urged to formulate special package for Sialkot SMEs

Sialkot is a totally export-oriented city of Pakistan and possesses centuries-old industrial heritage. It has developed a remarkable export culture over this period and is contributing more than 1.30 billion dollars to the national exchequer annually.
Published 09 Oct, 2011 12:00am
Overhauling the Anti-Terrorism Act

Overhauling the Anti-Terrorism Act

Ten years since Pakistan came in the grip of ever-increasing terrorism, the longstanding issue of amendments to the Anti-Terrorism Act (ATA) of 1997 is far from resolved. Prime Minister Yousuf Raza Gilani, on Tuesday, directed the Law and Interior ministr
Published 09 Oct, 2011 12:00am
Senior citizens' rights

Senior citizens' rights

The International Day of Older Persons was observed on Saturday, October 1st, by over 10 million ageing citizens in Pakistan. Yet as the day was marked with the usual seminars, ageing Pakistanis were still unsure whether they'll be given their due rights
Published 09 Oct, 2011 12:00am
Is only LBOD culprit?

Is only LBOD culprit?

It has been found easier to blame LBOD for adding to the misery and disaster in Sindh. Whether it was the aftermath of cyclones of 1999 or the floods of 2003 or the rains 2011, LBOD is blamed for the ills that have taken toll in the deltaic region, Kotri
Published 09 Oct, 2011 12:00am
Canadian gold mine project sows discord in Romania

Canadian gold mine project sows discord in Romania

On the surface, it is just one of the many picturesque villages of Transylvania, a region called Romania's "national treasure" by Britain's Prince Charles for its stunning nature. But Rosia Montana, a former Roman site in the north-west, lies on one of th
Published 09 Oct, 2011 12:00am
Transition towns produce growth in recession-hit Ireland

Transition towns produce growth in recession-hit Ireland

From boom to bust, growth to stagnation, from full employment to high rates of joblessness, Ireland has gone through many painful transitions since the recession hit the country three years ago. Amidst the gloom, a more welcome transition from dependency
Published 09 Oct, 2011 12:00am
Supporting jobless youths

Supporting jobless youths

One wonders why national wealth is being squandered in the guise of supporting the unemployed youth by giving taxis through balloting to supporters instead of forming private limited companies comprising a fleet of minimum 100 vehicles. It is young people
Published 09 Oct, 2011 12:00am
People pay homage to quake victims of Margalla Towers

People pay homage to quake victims of Margalla Towers

On the sixth anniversary of Margalla Towers collapse caused by the earthquake of October 8, 2005, the residents of Islamabad gathered on Saturday to commemorate those who lost their lives. Two blocks of Margalla Towers, each comprising 10 storeys and 60 a
Published 09 Oct, 2011 12:00am
Gold, valuable materials looted

Gold, valuable materials looted

Unknown dacoits looted 10 tola gold, huge cash and valuable materials from a house in jurisdiction of Bhana Mari police station on Saturday, police said. According to details, Jamil Akhtar resident of Green town Peshawar registered report that unknown dac
Published 09 Oct, 2011 12:00am
National disaster risk management policy finalised: NDMA

National disaster risk management policy finalised: NDMA

The government has finalised National Disaster Risk Management Policy with co-ordinated approach against natural disasters after hazards profiling at district level, said Chairman National Disaster Management Authority (NDMA), Zafar Iqbal Qadir.
Published 09 Oct, 2011 12:00am
Iran tells Turkey to change tack or face trouble

Iran tells Turkey to change tack or face trouble

A key aide to Iran's supreme leader said on Saturday Turkey must radically rethink its policies on Syria, the Nato missile shield and promoting Muslim secularism in the Arab world - or face trouble from its own people and neighbours. In an interview with
Published 09 Oct, 2011 12:00am
Tens of thousands protest against Berlusconi

Tens of thousands protest against Berlusconi

Tens of thousands of Italians protested in Rome and Milan on Saturday against the government of Prime Minister Silvio Berlusconi and austerity measures it is enacting. In Rome, public service employees, families, school pupils and students took part in th
Published 09 Oct, 2011 12:00am
Prosecutor probes leak of Nobel winner's name

Prosecutor probes leak of Nobel winner's name

A Swedish prosecutor said Saturday he would investigate rumours that the name of poet Tomas Transtroemer was leaked before he was awarded the Nobel Literature Prize. Chief anti-corruption prosecutor Alf Johansson said he would be looking at why betting od
Published 09 Oct, 2011 12:00am
China to cut fuel prices by three percent from record highs

China to cut fuel prices by three percent from record highs

China will cut retail ceiling prices for gasoline and diesel by about 3 percent from Sunday, taking prices off record highs at a time when headline inflation eased from a three-year peak. The National Development & Reform Commission (NDRC), the country's
Published 09 Oct, 2011 12:00am
Tunisian Islamists storm university over veil ban

Tunisian Islamists storm university over veil ban

Islamists stormed a university in Tunisia on Saturday after it refused to enrol a woman wearing a full-face veil, a staff member said, highlighting tensions over religion that are likely to dominate an election later this month. Tunisia votes on October 2
Published 09 Oct, 2011 12:00am
Iraq postpones handover of city security to police

Iraq postpones handover of city security to police

Iraq is delaying handing over security to police in major cities over concerns that some forces were not ready to take on a stubborn insurgency as the last US troops prepare to withdraw at the end of 2011. With its armed forces now more able to contain Su
Published 09 Oct, 2011 12:00am
Snipers in last-ditch bid to defend Sirte

Snipers in last-ditch bid to defend Sirte

Transitional Libyan government forces swept into Sirte on Saturday in one of the biggest assaults yet on Muammar Qadhafi's hometown, but had to seek cover when they drew fire from his die-hard loyalists. Fighters with the National Transitional Council (NT
Published 09 Oct, 2011 12:00am
Syrian forces fire on Kurdish funeral, two dead

Syrian forces fire on Kurdish funeral, two dead

Syrian security forces killed at least two people when they opened fire on tens of thousands of mourners on Saturday at the funeral of a Kurdish opposition figure, activists said. The funeral of Meshaal al-Tammo in the eastern Syrian city of Qamishli turn
Published 09 Oct, 2011 12:00am
Obama hails Tunisia as 'inspiration' of Arab Spring

Obama hails Tunisia as 'inspiration' of Arab Spring

President Barack Obama heralded Tunisia's progress toward democracy after a White House meeting with Prime Minister Beji Caid Sebsi on Friday, awarded for the country's "inspiration" of the Arab Spring. "The United States has enormous stake in seeing succ
Published 09 Oct, 2011 12:00am
British Prime Minister calls for facts in defence minister row

British Prime Minister calls for facts in defence minister row

British Prime Minister David Cameron on Saturday demanded an urgent report into claims that his defence minister allowed a close friend to influence government business, while offering him his full support. Cameron's office said he did not want to wait un
Published 09 Oct, 2011 12:00am
Commodities up on hopes for euro debt solution, US data

Commodities up on hopes for euro debt solution, US data

Commodity prices mainly rose this week as traders tracked central bank efforts to steady the global economy, growing speculation over the recapitalisation of European banks and upbeat US data. The European Central Bank unveiled plans on Thursday to boost
Published 09 Oct, 2011 12:00am
Asian rubber: Thai grades languish; Indonesia reluctant seller

Asian rubber: Thai grades languish; Indonesia reluctant seller

A few cargoes of Indonesian and Malaysian tyre grades changed hands this week at around $4.10 a kg for nearby shipment, while Thailand was keen to sell rubber before prices fell further on worries about demand from major consumers, dealers said on Wednesd
Published 09 Oct, 2011 12:00am
Indonesian cocoa output seen at 450,000 tonnes

Indonesian cocoa output seen at 450,000 tonnes

Cocoa output in Indonesia, the world's third-largest producer, is seen down about 25 percent this year due to wet weather and disease and will improve in 2012 to a level below initial estimates, the Indonesian Cocoa Association (Askindo) said on Friday.
Published 09 Oct, 2011 12:00am
Cocoa butter ratios hardly changed in Asia

Cocoa butter ratios hardly changed in Asia

Cocoa butter ratios were hardly changed in Asia on Friday and are likely to remain depressed next week because of ample supply, but steady demand for powder kept prices above $5,000 a tonne, dealers said. Cocoa butter, a key ingredient for making chocolat
Published 09 Oct, 2011 12:00am
World cotton output seen up, US to miss forecast

World cotton output seen up, US to miss forecast

World cotton output should increase in 2011/12, moderating the previous year's volatile prices, but United States production will miss government estimates, an international farm group said on Monday.
Published 09 Oct, 2011 12:00am
Philippines buys Aussie wheat

Philippines buys Aussie wheat

Flour millers in the Philippines bought 30,000 tonnes of Australian wheat this week for February shipment, while Thai processors are seeking some 40,000 tonnes of US milling wheat for November shipment. Australian prime wheat to the Philippines was sold a
Published 09 Oct, 2011 12:00am
Manila sees no need to buy rice

Manila sees no need to buy rice

The Philippines has ample rice stocks to cover damages from two strong typhoons that hit last week and has no urgent need for imports, a senior official said, as the agriculture department reviews whether damage estimates may have been inflated.
Published 09 Oct, 2011 12:00am
US gold drops after Italy, Spain downgraded

US gold drops after Italy, Spain downgraded

Gold fell around 1 percent on Friday, as bullion investors raised cash to cover margin calls amid losses in the equity markets after Fitch downgraded the credit ratings of Spain and Italy. Gold still notched its first weekly gain in a month, moving higher
Published 09 Oct, 2011 12:00am
Copper market seen in 250,000 tonnes of deficit in 2012

Copper market seen in 250,000 tonnes of deficit in 2012

The global market for refined copper is seen in a 250,000 tonne production deficit in 2012, before easing to become near balanced in 2013 as global growth slows, the International Copper Study Group (ICSG) said on Tuesday. The ICSG said that it saw a glob
Published 09 Oct, 2011 12:00am
Asia rice prices pushing higher ahead of Thai intervention

Asia rice prices pushing higher ahead of Thai intervention

Thai rice prices are back around a three-year-high due to speculation ahead of a new government intervention scheme that will offer farmers sharply higher prices, dragging markets elsewhere in the region up, too, traders said on Wednesday.
Published 09 Oct, 2011 12:00am
Vietnam ups 2011 rice export forecast

Vietnam ups 2011 rice export forecast

Vietnam's rice exports this year could reach a record of 7.5 million tonnes, the Agriculture Ministry said, revising its previous projection of 7.3 million tonnes. The new export volume would generate $3.72 billion in revenue, also up from an earlier proj
Published 09 Oct, 2011 12:00am
Vietnam cuts 2011 coffee export forecast

Vietnam cuts 2011 coffee export forecast

Vietnam, the world's top robusta producer, has cut its annual coffee export projection for calendar year 2011 to 1.12 million tonnes, or 18.7 million bags, from 1.17 million tonnes, the agriculture ministry said. August's export volume of 36,000 tonnes wa
Published 09 Oct, 2011 12:00am
Sterling under pressure on QE prospects

Sterling under pressure on QE prospects

Sterling will remain under pressure in the near-term thanks to the increasing likelihood of a second round of quantitative easing by the Bank of England, a Reuters poll showed. In a year's time, however, sterling will appreciate against the US dollar as p
Published 09 Oct, 2011 12:00am
Spain, Italy downgrades increase pressure on euro

Spain, Italy downgrades increase pressure on euro

Ratings downgrades for Italy and Spain knocked the wind out of the euro on Friday, and traders said anxiety about Europe's economy and fragile banks will likely continue to hobble it in the weeks ahead. Higher-yielding, growth-sensitive currencies such as
Published 09 Oct, 2011 12:00am
Canadian dollar ends flat

Canadian dollar ends flat

The Canadian dollar ended little changed against its US counterpart on Friday, capping a volatile week that saw it hit 13-month lows before regaining some strength as the economic backdrop improved. North American stock markets and commodity-linked curren
Published 09 Oct, 2011 12:00am
African currencies outlook

African currencies outlook

Nigeria's naira is likely to test more record lows amid doubts about the central bank's commitment to a broad dollar-peg, while Kenya's shilling may be turning the corner on a dramatic collapse after a surprisingly aggressive interest rate hike.
Published 09 Oct, 2011 12:00am
Speculators trim long US dollar bets

Speculators trim long US dollar bets

Currency speculators decreased bets in favour of the US dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position fell to $13.77 billion in the week ended Oct
Published 09 Oct, 2011 12:00am
Investors go short won and Taiwan dollar

Investors go short won and Taiwan dollar

Investors flipped to a short position in the South Korean won and the Taiwan dollar, and squared their long position in the Singapore dollar in recent weeks, when risk aversion intensified on jitters over the euro zone's debt crisis, a Reuters poll showed
Published 09 Oct, 2011 12:00am
Wall Street fends off bear to end higher for week

Wall Street fends off bear to end higher for week

After nearly falling into bear-market territory, US stocks on Friday finished the week higher, building gains on encouraging jobs data and hopes that Europe is dealing with its debt crisis. Wall Street's wild week began with cascading losses that brought
Published 09 Oct, 2011 12:00am
Undaunted TerniGreen to seek Milan IPO in November

Undaunted TerniGreen to seek Milan IPO in November

Italian waste management firm TerniGreen, controlled by the shareholders of TerniEnergia, aims to list on the Milan stock exchange next month, brushing off volatile market conditions that have put paid to IPO plans across Europe. "We are confident we can
Published 09 Oct, 2011 12:00am
Italy's Avio halts IPO due to volatile markets

Italy's Avio halts IPO due to volatile markets

Italian aero-engine parts maker Avio has suspended filing procedures for the initial public offering of its shares, citing market volatility, Avio and its owner BCV Investments said on Friday. Avio and BCV remain committed to listing in Milan as soon as f
Published 09 Oct, 2011 12:00am
Latam stocks fall as downgrades revive EU fears

Latam stocks fall as downgrades revive EU fears

Latin American stocks fell on Friday after Fitch Ratings downgraded Italy's and Spain's credit ratings, spooking investors who fear Europe's sovereign debt could set off another global financial crisis. Stock markets in Brazil, Mexico and Chile jumped in
Published 09 Oct, 2011 12:00am
Indian bond yields surge

Indian bond yields surge

Indian federal bond yields soared on Friday, as the market turned nervous with the first auction of the government's enhanced October-March borrowing getting devolved, reflecting the lack of appetite for sovereign paper. India sold 150 billion rupees of b
Published 09 Oct, 2011 12:00am
Indian bond yields surge

Indian bond yields surge

Indian federal bond yields soared on Friday, as the market turned nervous with the first auction of the government's enhanced October-March borrowing getting devolved, reflecting the lack of appetite for sovereign paper. India sold 150 billion rupees of b
Published 09 Oct, 2011 12:00am
Sri Lankan stocks recover

Sri Lankan stocks recover

Sri Lanka's stock market rebounded from a 10-week low on Friday led by telecoms, while foreign inflow for the first time in 12 session lifted investor sentiment. The main share index closed 0.31 percent, or 20.99 points, firmer at 6,698.83, moving up from
Published 09 Oct, 2011 12:00am
ADR Report: banks fall after Spain, Italy ratings cuts

ADR Report: banks fall after Spain, Italy ratings cuts

US-listed shares of European banks fell sharply on Friday, with downgrades of Spain's and Italy's credit ratings underscoring the extent of the eurozone's debt problems. US ratings agency, Fitch, cut Spain to AA-minus from AA-plus and kept a negative outl
Published 09 Oct, 2011 12:00am
RBS eyes 1 billion sterling insurance dividend

RBS eyes 1 billion sterling insurance dividend

Bailed-out British lender Royal Bank of Scotland is in line for a 1 billion pound ($1.56 billion) windfall dividend from RBSI before the planned flotation of the insurance unit in the second half of next year. RBSI plans to pay its parent a dividend of be
Published 09 Oct, 2011 12:00am
Toronto's index plummet

Toronto's index plummet

Toronto's main stock index ended sharply lower on Friday as surprisingly strong North American jobs data was overshadowed by downgrades of Spain and Italy's credit ratings. The index's resource-heavy materials sector dropped a hefty 3 percent, energy shar
Published 09 Oct, 2011 12:00am
Turkish stocks flat

Turkish stocks flat

The Turkish lira firmed almost 0.5 percent against the dollar on Friday, benefiting from $350 million in dollar sales by the central bank and a recovery in global risk appetite but stocks were flat, closing with a weekly loss of almost 4 percent. The lira
Published 09 Oct, 2011 12:00am
Treasuries decline

Treasuries decline

The prices of US Treasury securities fell on Friday, with the yields of 10-year notes and 30-year bonds breaking back above important boundaries, as better-than-expected job growth in September dampened the case for more Fed intervention. Benchmark yields
Published 09 Oct, 2011 12:00am
Treasuries decline

Treasuries decline

The prices of US Treasury securities fell on Friday, with the yields of 10-year notes and 30-year bonds breaking back above important boundaries, as better-than-expected job growth in September dampened the case for more Fed intervention. Benchmark yields
Published 09 Oct, 2011 12:00am
Melco Crown has no plans to raise funds in Hong Kong IPO

Melco Crown has no plans to raise funds in Hong Kong IPO

Melco Crown Entertainment Ltd, the smallest of the casino operators in Macau, is considering listing in Hong Kong by way of introduction, instead of selling stock, because of current market conditions, IFR reported on Friday, citing three sources with dir
Published 09 Oct, 2011 12:00am
Japanese government bond futures slip

Japanese government bond futures slip

Japanese government bond futures slipped on Friday after the European Central Bank took steps to contain the eurozone debt crisis by pumping cash into the banking system, reducing safe-haven bids for bonds and lifting share prices. Investors have been loo
Published 09 Oct, 2011 12:00am
Japanese government bond futures slip

Japanese government bond futures slip

Japanese government bond futures slipped on Friday after the European Central Bank took steps to contain the eurozone debt crisis by pumping cash into the banking system, reducing safe-haven bids for bonds and lifting share prices. Investors have been loo
Published 09 Oct, 2011 12:00am
Emails raise fresh questions on Obama energy loan

Emails raise fresh questions on Obama energy loan

An Obama administration appointee at the US Energy Department pressed White House analysts to sign off on a $535 million loan to Solyndra even though his wife worked for the failed solar panel maker's law firm, according to internal emails made public on
Published 09 Oct, 2011 12:00am
China plans new economic zones in Xinjiang border towns

China plans new economic zones in Xinjiang border towns

China announced on Saturday plans to use subsidies and tax incentives to build two new economic zones in the far western region of Xinjiang, to open up the landlocked west and boost trade with central and south Asian neighbours. In a detailed policy outli
Published 09 Oct, 2011 12:00am
Oil market balanced: Naimi

Oil market balanced: Naimi

Global oil market supply and demand is balanced, Saudi Oil Minister Ali al-Naimi said on Saturday, adding that the world's largest oil exporter would continue to supply all the crude customers ask for. He said Saudi Arabia supplied 9.39 million barrels of
Published 09 Oct, 2011 12:00am
Taiwanese tycoon faces 20 years on embezzlement claim

Taiwanese tycoon faces 20 years on embezzlement claim

The head of Tatung Company, a leading Taiwanese home appliance maker, has been indicted on embezzlement charges and could face 20 years in jail, prosecutors said Saturday. Lin Wei-shan, 65, allegedly siphoned off more than Tw$1 billion ($33 million) from
Published 09 Oct, 2011 12:00am
Protesters trying to destroy jobs: Bloomberg

Protesters trying to destroy jobs: Bloomberg

New York Mayor Michael Bloomberg accused anti-Wall Street protesters on Friday of trying to destroy jobs in the city, even as he said he was sympathetic to some of their complaints. Protesters complaining about what they view as corporate greed have been
Published 09 Oct, 2011 12:00am
Ivy League professors speak to protesters

Ivy League professors speak to protesters

Ivy League professors dropped by anti-Wall Street protest camps in Boston and New York on Friday to school the demonstrators on theories that bolster their demands to end inequality in the American economy. Part of the Occupy Boston site was temporarily r
Published 09 Oct, 2011 12:00am
Rio surrenders 51 percent stake in Zimbabwe unit

Rio surrenders 51 percent stake in Zimbabwe unit

Rio Tinto has told Zimbabwe's government it will give up a 51 percent stake in its local diamond unit Murowa, state media reported on Saturday, making it the first foreign-owned firm to voluntarily comply with the country's local ownership law. "Murowa Di
Published 09 Oct, 2011 12:00am
Hermes launches luxury sari range

Hermes launches luxury sari range

French luxury brand Hermes has launched a limited edition Indian sari range as it seeks to "connect" with Indian culture and the country's elegant traditions, it said Saturday. Indian women may wear Western dress during the day but for weddings and other
Published 09 Oct, 2011 12:00am
Obama ups pressure ahead of Senate jobs bill vote

Obama ups pressure ahead of Senate jobs bill vote

President Barack Obama maintained his attack against congressional Republicans over his jobs bill on Saturday, upping pressure before it faces a vote in the Senate next week. Repeating a warning to make them explain to the American people why they oppose
Published 09 Oct, 2011 12:00am
Europe eyes bolstering banks ahead of debt storm

Europe eyes bolstering banks ahead of debt storm

European banks may need more than 100 billion euros ($135 billion) to withstand the sovereign debt crisis, Ireland estimated on Saturday ahead of a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy to work out how to rec
Published 09 Oct, 2011 12:00am
France, Belgium intensify talks to save Dexia

France, Belgium intensify talks to save Dexia

France and Belgium thrashed out plans on Saturday to break up stricken bank Dexia and divide its "bad bank" assets to preserve the financing of hundreds of towns in both countries and avoid a deepening of the euro zone debt crisis. Dexia, whose board is l
Published 09 Oct, 2011 12:00am
New York police break up huge identity theft ring

New York police break up huge identity theft ring

New York police have broken up an international identity theft ring that made fake credit cards using information swiped off real cards in banks, restaurants and retail stores, authorities said Friday. More than 111 people have been charged and 86 were de
Published 09 Oct, 2011 12:00am
AT&T sells 200,000 new iPhones

AT&T sells 200,000 new iPhones

US telecom giant AT&T said Friday it has seen an unprecedented demand for the updated iPhone, with over 200,000 pre-orders of the latest Apple gadget in the first 12 hours alone. The iPhone 4S, unveiled on Tuesday on the eve of the death of legendary Appl
Published 09 Oct, 2011 12:00am
Rosneft to pay $1 billion for access to Carabobo

Rosneft to pay $1 billion for access to Carabobo

Russian state-controlled oil giant Rosneft will pay $1 billion for access to Venezuela's Carabobo 2 block and may tie-up with a partner to develop the project, Russian business daily Kommersant reported on Saturday. Venezuela's state oil company PDVSA sai
Published 09 Oct, 2011 12:00am
Decision on next PCB chief to be taken soon

Decision on next PCB chief to be taken soon

Pakistan Cricket Board (PCB) chairman Ijaz Butt has left for Dubai to attend the ICC's executive board meeting even as a decision on his extension is expected to be taken in the next 48 hours. Butt's three-year tenure as board chairman officially ends Sat
Published 09 Oct, 2011 12:00am
Nadal hooks Fish to meet Murray in Tokyo final

Nadal hooks Fish to meet Murray in Tokyo final

Noodle fiend Rafa Nadal overpowered American Mardy Fish 7-5 6-1 behind a dizzying flurry of baseline winners to reach the final of the Japan Open on Saturday. The defending Tokyo champion will meet Britain's Andy Murray on Sunday after the second seed thr
Published 09 Oct, 2011 12:00am
England through, Rooney off in Euro cliffhangers

England through, Rooney off in Euro cliffhangers

Star striker Wayne Rooney was sent off as England reached the Euro 2012 finals on Friday while continental heavyweights France and Portugal were left waiting anxiously on their fates. Rooney was red-carded in the 73rd minute in Podgorica as Montenegro fou
Published 09 Oct, 2011 12:00am
Libya among qualifiers, Nigeria eliminated

Libya among qualifiers, Nigeria eliminated

Angola, Ghana, Guinea, Libya and Zambia qualified for the 2012 Africa Cup of Nations Saturday while Nigeria were eliminated after conceding a last-minute equaliser. Early goals from Asamoah Gyan and John Mensah earned four-time champions Ghana a 2-0 victo
Published 09 Oct, 2011 12:00am
Berdych to face Cilic in Beijing final

Berdych to face Cilic in Beijing final

Czech Tomas Berdych outpowered top seeded Frenchman Jo-Wilfried Tsonga to take a 6-4 4-6 6-1 victory on Saturday and reach the final of the China Open. He will face Marin Cilic, who deployed his powerful serve to ease past fellow Croatian Ivan Ljubicic 6-
Published 09 Oct, 2011 12:00am
Amateur boxing: Ukraine top medal table in Baku

Amateur boxing: Ukraine top medal table in Baku

Ukraine's boxing squad finished top of the medal table at the amateur world championship as four of their fighters won final bouts here on Saturday. Vasyl Lomachenko in the lightweight, Taras Shelestyuk in welterweight, Ievgen Khytrov in middleweight and
Published 09 Oct, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 114,205 tonnes of cargo comprising 79,856 tonnes of import cargo and 34,349 tonnes of export cargo including 6,240 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 79,856 to
Published 09 Oct, 2011 12:00am
India's September oilmeal exports up

India's September oilmeal exports up

India's oilmeal exports rose 11.5 percent in September, its eleventh straight monthly rise, helped by a jump in oilseeds output and improved demand from Southeast Asia, a leading trade body said on Friday. Oilmeal exports from India, Asia's leading suppli
Published 09 Oct, 2011 12:00am
Canadian canola futures slip

Canadian canola futures slip

ICE Canadian canola futures slipped to a fresh 11-month low on Friday and a fifth straight weekly loss. A lack of buying, weaker soybean futures and early pressure from a strong Canadian dollar weighed down the market. Nearby canola ended with 1 percent w
Published 09 Oct, 2011 12:00am
Uganda September coffee exports rise

Uganda September coffee exports rise

Uganda exported 340,378 bags of coffee weighing 60-kg each in September, up from 169,728 bags in the same month last year, a source at the Uganda Coffee Development Authority (UCDA) said on Friday. The rise was due to good rains and to exporters clearing
Published 09 Oct, 2011 12:00am
Rains spread into Brazil's main soyabean belt: Somar

Rains spread into Brazil's main soyabean belt: Somar

Heavy rain is expected in Brazil's main southern soyabean producing states over the weekend, and important center-west states will get widespread rainfall later next week, local forecasters Somar said on Friday. Planting has started in the early-planting
Published 09 Oct, 2011 12:00am
Soyabean export premiums firmer at US Gulf Coast

Soyabean export premiums firmer at US Gulf Coast

Soyabean export premiums at the US Gulf Coast were firmer on Friday as tight spot supplies supported CIF barge basis values and export demand strengthened, traders said. Top soyabean importer China bought at least one or two cargoes of US soyabeans on Fri
Published 09 Oct, 2011 12:00am
Ukraine cancels export duties for wheat and maize

Ukraine cancels export duties for wheat and maize

Ukraine's parliament on Friday cancelled export duties for wheat and maize but kept in place the levy on exports of barley. The law, supported by 272 members of the parliament, needs to be signed by president Victor Yanukovich and published to come into f
Published 09 Oct, 2011 12:00am
Indonesian cocoa output seen down about 25 percent

Indonesian cocoa output seen down about 25 percent

Cocoa output in Indonesia, the world's third-largest producer, is seen down about 25 percent this year due to wet weather and disease and will improve in 2012 to a level below initial estimates, the Indonesian Cocoa Association (Askindo) said on Friday.
Published 09 Oct, 2011 12:00am
Oil cake market rates

Oil cake market rates

Bearish trend was seen on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The December contract that had ended at Rs 1312.80 commenced with 30 paisa fall at Rs 1312.50. The January vaida which closed at Rs 1180.60, s
Published 09 Oct, 2011 12:00am
Prices mostly turn easy on grain market

Prices mostly turn easy on grain market

Easier trend was witnessed on the wholesale grain market on Saturday in process of trading, dealers said. On the cereal side, wheat old Bardan gained Rs 10 to Rs 2580 and wheat new Bardan rose the same amount to Rs 2595, gur low type lost Rs 200 to Rs 650
Published 09 Oct, 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 09 Oct, 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 09 Oct, 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 Saturday (October 08, 2011).

Published 09 Oct, 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 Saturday (October 08, 2011).

Published 09 Oct, 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 Saturday (October 08, 2011).

Published 09 Oct, 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 Saturday (October 08, 2011).

Published 09 Oct, 2011 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (October 08, 2011).

Published 09 Oct, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (October 08, 2011).

Published 09 Oct, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee performed on both sides against dollar on the currency market on Saturday, dealers said. The rupee continued weakness in relation to dollar, losing 16 paisa for buying at 87.40 and fell by 18 paisa for selling at 87.45, they said.
Published 09 Oct, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee performed on both sides against dollar on the currency market on Saturday, dealers said. The rupee continued weakness in relation to dollar, losing 16 paisa for buying at 87.40 and fell by 18 paisa for selling at 87.45, they said.
Published 09 Oct, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (October 08, 2011).

Published 09 Oct, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (October 08, 2011).

Published 09 Oct, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 08, 2011).

Published 09 Oct, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (October 08, 2011).

Published 09 Oct, 2011 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (October 08, 2011).

Published 09 Oct, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 08, 2011).

Published 09 Oct, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 08, 2011).

Published 09 Oct, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 08, 2011).

Published 09 Oct, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 08, 2011).

Published 09 Oct, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (October 08, 2011).

Published 09 Oct, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (October 08, 2011).

Published 09 Oct, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (October 08, 2011).

Published 09 Oct, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (October 08, 2011).

Published 09 Oct, 2011 12:00am
Karachi unrest: President holds meeting on Supreme Court decision

Karachi unrest: President holds meeting on Supreme Court decision

President Asif Ali Zardari on Saturday expressed satisfaction that all concerned agencies of the government were cognisant of the need to implement the verdict of the Supreme Court about law and order situation in Karachi and said that some measures had a
Published 09 Oct, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (October 08, 2011) and for Sunday (October 09, 2011).
Published 09 Oct, 2011 12:00am
Karachi unrest: President holds meeting on Supreme Court decision

Karachi unrest: President holds meeting on Supreme Court decision

President Asif Ali Zardari on Saturday expressed satisfaction that all concerned agencies of the government were cognisant of the need to implement the verdict of the Supreme Court about law and order situation in Karachi and said that some measures had a
Published 09 Oct, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (October 08, 2011).

Published 09 Oct, 2011 12:00am
Kabul demands more US pressure on Pakistan

Kabul demands more US pressure on Pakistan

The Kabul government on Saturday demanded that Washington increase pressure on Pakistan to act against insurgents using its soil to attack Afghanistan, saying Afghans were running out of patience. Afghan President Hamid Karzai held talks with US regional
Published 09 Oct, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (October 08, 2011).

Published 09 Oct, 2011 12:00am
Kabul demands more US pressure on Pakistan

Kabul demands more US pressure on Pakistan

The Kabul government on Saturday demanded that Washington increase pressure on Pakistan to act against insurgents using its soil to attack Afghanistan, saying Afghans were running out of patience. Afghan President Hamid Karzai held talks with US regional
Published 09 Oct, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (October 08, 2011).

Published 09 Oct, 2011 12:00am
Policy rate cut by 150 basis points to 12 percent to boost growth

Policy rate cut by 150 basis points to 12 percent to boost growth

In a calculated move the State Bank of Pakistan reduced its key policy rate by 150 basis points to 12 percent. The Central Board of Directors, on Saturday at the SBP head office with Acting Governor Yasin Anwar in the Chair received a brief on the macro-e
Published 09 Oct, 2011 12:00am
The Weather

The Weather

The weather report on Saturday (October 08, 2011) and the forecast for Sunday (October 09, 2011).

Published 09 Oct, 2011 12:00am
Policy rate cut by 150 basis points to 12 percent to boost growth

Policy rate cut by 150 basis points to 12 percent to boost growth

In a calculated move the State Bank of Pakistan reduced its key policy rate by 150 basis points to 12 percent. The Central Board of Directors, on Saturday at the SBP head office with Acting Governor Yasin Anwar in the Chair received a brief on the macro-e
Published 09 Oct, 2011 12:00am
Your rupee last month

Your rupee last month

Following currency fluctuations took place in foreign exchange rates during the last month. (September 05 to 30, 2011)

Published 09 Oct, 2011 12:00am
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