BR100 Increased By (0.4%)
BR30 Increased By (0.49%)
KSE100 Increased By (0.52%)
KSE30 Increased By (0.5%)
AGHA 7.66 Increased By ▲ 0.07 (0.92%)
BECO 5.59 Increased By ▲ 0.08 (1.45%)
BML 60.22 Increased By ▲ 1.14 (1.93%)
BOP 34.54 Increased By ▲ 0.43 (1.26%)
CNERGY 13.02 Increased By ▲ 0.18 (1.4%)
CSIL 6.05 Decreased By ▼ -0.05 (-0.82%)
FCCL 57.61 Decreased By ▼ -0.05 (-0.09%)
FFL 16.39 Increased By ▲ 0.19 (1.17%)
FNEL 1.23 Increased By ▲ 0.02 (1.65%)
KEL 7.45 Decreased By ▼ -0.03 (-0.4%)
KOSM 6.16 Increased By ▲ 0.22 (3.7%)
LOTCHEM 27.81 Decreased By ▼ -0.18 (-0.64%)
MLCF 101.10 Increased By ▲ 0.45 (0.45%)
NBP 206.90 Increased By ▲ 3.15 (1.55%)
NCPL 60.35 Decreased By ▼ -0.22 (-0.36%)
NPL 69.38 Decreased By ▼ -0.58 (-0.83%)
OGDC 320.40 Increased By ▲ 0.11 (0.03%)
PACE 11.28 Increased By ▲ 0.18 (1.62%)
PAEL 43.00 Decreased By ▼ -0.12 (-0.28%)
PIBTL 16.72 Increased By ▲ 0.16 (0.97%)
PPL 229.52 Increased By ▲ 0.68 (0.3%)
PRL 71.20 Increased By ▲ 0.18 (0.25%)
PTC 71.71 Increased By ▲ 0.06 (0.08%)
SSGC 26.45 Decreased By ▼ -0.23 (-0.86%)
TBL 10.35 Increased By ▲ 0.54 (5.5%)
TELE 8.61 No Change ▼ 0.00 (0%)
TPL 22.65 Increased By ▲ 0.41 (1.84%)
TPLP 15.26 Increased By ▲ 0.15 (0.99%)
TREET 25.24 Increased By ▲ 1.11 (4.6%)
TRG 59.90 Increased By ▲ 0.06 (0.1%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Archive - 2011-11-13
Pakistan offers cut-price fighter jet
Top News

Pakistan offers cut-price fighter jet

DUBAI: Pakistan is pitching its new JF17 Thunder fighter jet, developed jointly with China, at an aggressive discount to
Published 13 Nov, 2011 05:22pm
Government focus on hydel power projects
Top News

Government focus on hydel power projects

ISLAMABAD : Chief Minister of Gilgit-Baltistan (GB) Syed Mehdi Shah has said that the government is giving special focus
Published 13 Nov, 2011 04:07pm
Rs 71bn to be spent on social sector
Top News

Rs 71bn to be spent on social sector

LAHORE: Punjab government is spending an amount of Rs 71 billion on the composite development of social sector in the pr
Published 13 Nov, 2011 10:58am
FBR eyes pharma sector and contractors
Top News

FBR eyes pharma sector and contractors

RECORDER REPORT ISLAMABAD: For the first time, the Federal Board of Revenue has decided to register contractors of ro
Published 13 Nov, 2011 07:18am
Six dead in donkey cart blast
Top News

Six dead in donkey cart blast

PESHAWAR : Six people were killed and four wounded when a bomb planted in a donkey cart exploded in a remote town in nor
Published 13 Nov, 2011 06:36am
Myanmar to free more prisoners
Asia

Myanmar to free more prisoners

YANGON: Myanmar is to declare a new prisoner amnesty on Monday that will include political detainees, government officia
Published 13 Nov, 2011 04:48am
Demonstrators sack Saudi embassy in Damascus

Demonstrators sack Saudi embassy in Damascus

Angry demonstrators sacked the Saudi embassy in Damascus on Saturday after the Arab League suspended Syria over its failure to honour a deal to end a bloody crackdown on anti-regime protesters, Saudi state news agency SPA reported. They first showered the
Published 13 Nov, 2011 12:00am
12 die in Khyber attacks

12 die in Khyber attacks

Two separate militant attacks left at least 12 people dead, including children, in Pakistan's troubled Khyber tribal district on Saturday, officials said. "At least six people including two children and a woman were killed when a mortar fired by militants
Published 13 Nov, 2011 12:00am
12 die in Khyber attacks

12 die in Khyber attacks

Two separate militant attacks left at least 12 people dead, including children, in Pakistan's troubled Khyber tribal district on Saturday, officials said. "At least six people including two children and a woman were killed when a mortar fired by militants
Published 13 Nov, 2011 12:00am
Apec summit: leaders eye expanded US-Asia trade

Apec summit: leaders eye expanded US-Asia trade

Nearly two dozen Asia-Pacific leaders hosted by US President Barack Obama gathered Saturday for the Apec summit, buoyed by Japan's decision to enter talks on a deal that could revamp US-Asia trade. US plans to reorient on Asia after a punishing decade pur
Published 13 Nov, 2011 12:00am
Apec summit: leaders eye expanded US-Asia trade

Apec summit: leaders eye expanded US-Asia trade

Nearly two dozen Asia-Pacific leaders hosted by US President Barack Obama gathered Saturday for the Apec summit, buoyed by Japan's decision to enter talks on a deal that could revamp US-Asia trade. US plans to reorient on Asia after a punishing decade pur
Published 13 Nov, 2011 12:00am
Apec summit: leaders eye expanded US-Asia trade

Apec summit: leaders eye expanded US-Asia trade

Nearly two dozen Asia-Pacific leaders hosted by US President Barack Obama gathered Saturday for the Apec summit, buoyed by Japan''s decision to enter talks on a deal that could revamp US-Asia trade. US plans to reorient on Asia after a punishing decade pu
Published 13 Nov, 2011 12:00am
Abnormal radioactivity also in Hungary, no risk seen

Abnormal radioactivity also in Hungary, no risk seen

Hungary was the latest European country on Saturday to confirm higher than usual levels of radioactivity in the air, although like others it maintained that this did not pose any health risks. "In Hungary, a higher-than-usual concentration of iodine-131 p
Published 13 Nov, 2011 12:00am
Abnormal radioactivity also in Hungary, no risk seen

Abnormal radioactivity also in Hungary, no risk seen

Hungary was the latest European country on Saturday to confirm higher than usual levels of radioactivity in the air, although like others it maintained that this did not pose any health risks. "In Hungary, a higher-than-usual concentration of iodine-131 p
Published 13 Nov, 2011 12:00am
APTMA demands exemption from gas loadshedding

APTMA demands exemption from gas loadshedding

Chairman All Pakistan Textile Mills Association (APTMA) Mohsin Aziz said on Saturday that textile industry should be exempted from gas load shedding in the larger interest of national economy. Reacting to the Economic Co-ordination Committee (ECC) decisio
Published 13 Nov, 2011 12:00am
APTMA demands exemption from gas loadshedding

APTMA demands exemption from gas loadshedding

Chairman All Pakistan Textile Mills Association (APTMA) Mohsin Aziz said on Saturday that textile industry should be exempted from gas load shedding in the larger interest of national economy. Reacting to the Economic Co-ordination Committee (ECC) decisio
Published 13 Nov, 2011 12:00am
APTMA demands exemption from gas loadshedding

APTMA demands exemption from gas loadshedding

Chairman All Pakistan Textile Mills Association (APTMA) Mohsin Aziz said on Saturday that textile industry should be exempted from gas load shedding in the larger interest of national economy. Reacting to the Economic Co-ordination Committee (ECC) decisio
Published 13 Nov, 2011 12:00am
Roy demands end to Indian occupation of Kashmir

Roy demands end to Indian occupation of Kashmir

Renowned Indian novelist and political activist Arundhati Roy on Friday made a strong case for Kashmiri people's right to self-determination before an American audience with an impassioned call for an end to the "brutal" Indian occupation of Kashmir. "I t
Published 13 Nov, 2011 12:00am
Roy demands end to Indian occupation of Kashmir

Roy demands end to Indian occupation of Kashmir

Renowned Indian novelist and political activist Arundhati Roy on Friday made a strong case for Kashmiri people's right to self-determination before an American audience with an impassioned call for an end to the "brutal" Indian occupation of Kashmir. "I t
Published 13 Nov, 2011 12:00am
Four killed at Rawalpindi Kacheri premises

Four killed at Rawalpindi Kacheri premises

Fear and terror have gripped the surrounding areas of Pindi Sessions Court after four men were gunned down as a result of rival group attack on the prisoners of their opponent party. Well-placed sources told Business Recorder here on Saturday that
Published 13 Nov, 2011 12:00am
Four killed at Rawalpindi Kacheri premises

Four killed at Rawalpindi Kacheri premises

Fear and terror have gripped the surrounding areas of Pindi Sessions Court after four men were gunned down as a result of rival group attack on the prisoners of their opponent party. Well-placed sources told Business Recorder here on Saturday that
Published 13 Nov, 2011 12:00am
New LG system could be introduced in a month: Siraj

New LG system could be introduced in a month: Siraj

Local Government Minister Agha Siraj Durrani said on Saturday that new LG system could be introduced within a month as per the wishes of people, a private TV channel said. Talking to media after the inauguration ceremony of the new block in St Patrick's C
Published 13 Nov, 2011 12:00am
New LG system could be introduced in a month: Siraj

New LG system could be introduced in a month: Siraj

Local Government Minister Agha Siraj Durrani said on Saturday that new LG system could be introduced within a month as per the wishes of people, a private TV channel said. Talking to media after the inauguration ceremony of the new block in St Patrick's C
Published 13 Nov, 2011 12:00am
Sanity prevails: PIA abandons wet lease scheme

Sanity prevails: PIA abandons wet lease scheme

"It is better to be late then never." Sanity, after all, prevailed and, in a swift move, the Managing Director of Pakistan International Airlines (PIA) has rejected the Airbus 320 wet lease option, to avoid possible disaster.
Published 13 Nov, 2011 12:00am
Sanity prevails: PIA abandons wet lease scheme

Sanity prevails: PIA abandons wet lease scheme

"It is better to be late then never." Sanity, after all, prevailed and, in a swift move, the Managing Director of Pakistan International Airlines (PIA) has rejected the Airbus 320 wet lease option, to avoid possible disaster.
Published 13 Nov, 2011 12:00am
Sanity prevails: PIA abandons wet lease scheme

Sanity prevails: PIA abandons wet lease scheme

"It is better to be late then never." Sanity, after all, prevailed and, in a swift move, the Managing Director of Pakistan International Airlines (PIA) has rejected the Airbus 320 wet lease option, to avoid possible disaster.
Published 13 Nov, 2011 12:00am
North Waziristan militant leader threatens to quit peace deal

North Waziristan militant leader threatens to quit peace deal

The most powerful militant leader in North Waziristan has threatened to tear up a peace accord and turn his fighters against the Islamabad government. Hafiz Gul Bahadur has an unofficial non-aggression pact with the military, focusing instead on attacking
Published 13 Nov, 2011 12:00am
North Waziristan militant leader threatens to quit peace deal

North Waziristan militant leader threatens to quit peace deal

The most powerful militant leader in North Waziristan has threatened to tear up a peace accord and turn his fighters against the Islamabad government. Hafiz Gul Bahadur has an unofficial non-aggression pact with the military, focusing instead on attacking
Published 13 Nov, 2011 12:00am
Four Pakistan intelligence officials killed in raid

Four Pakistan intelligence officials killed in raid

Authorities in Pakistan say four intelligence officials have been killed during a raid on a militant hideout in Jhelum district. An army officer says the militants were from Lashkar-e-Jangvi, an al Qaida-allied group. He and another officer said some of t
Published 13 Nov, 2011 12:00am
Four Pakistan intelligence officials killed in raid

Four Pakistan intelligence officials killed in raid

Authorities in Pakistan say four intelligence officials have been killed during a raid on a militant hideout in Jhelum district. An army officer says the militants were from Lashkar-e-Jangvi, an al Qaida-allied group. He and another officer said some of t
Published 13 Nov, 2011 12:00am
Sugar tender: TCP receives 32 bids

Sugar tender: TCP receives 32 bids

The Trading Corporation of Pakistan (TCP) received some 32 bids for purchase of carryover sugar stocks from local mills. Following the directives of federal government, the TCP floated a gallop tender on November 3, 2011, for purchase of upto 200,000 MT s
Published 13 Nov, 2011 12:00am
Sugar tender: TCP receives 32 bids

Sugar tender: TCP receives 32 bids

The Trading Corporation of Pakistan (TCP) received some 32 bids for purchase of carryover sugar stocks from local mills. Following the directives of federal government, the TCP floated a gallop tender on November 3, 2011, for purchase of upto 200,000 MT s
Published 13 Nov, 2011 12:00am
Sugar tender: TCP receives 32 bids

Sugar tender: TCP receives 32 bids

The Trading Corporation of Pakistan (TCP) received some 32 bids for purchase of carryover sugar stocks from local mills. Following the directives of federal government, the TCP floated a gallop tender on November 3, 2011, for purchase of upto 200,000 MT s
Published 13 Nov, 2011 12:00am
Intolerant curriculum

Intolerant curriculum

A recently published report, 'Connecting the Dots: Education and Religious Discrimination in Pakistan' commissioned by the US Commission on International Religious Freedom (USCIRF) concluded with a stark picture of religious intolerance being taught to yo
Published 13 Nov, 2011 12:00am
Putting a stop to deforestation

Putting a stop to deforestation

Creditably for it, the Sindh government has taken an important initiative to stop deforestation. The provincial forest department recently held a special consultation meeting on a draft law entitled "The Sindh Forest Act, 2011" to replace an old law that
Published 13 Nov, 2011 12:00am
Plight of rape victims

Plight of rape victims

In a report detailing horrifying statistics of sexual violence cases in Karachi, Karachi-based NGO War Against Rape (WAR) has revealed that the average age of rape survivors in the city has decreased from 18 years to 13 years. Corresponding to this fact,
Published 13 Nov, 2011 12:00am
New growth strategy

New growth strategy

The Planning Commission has developed a framework for economic growth (FEG) which is a strategy that aims for sustained growth emphasising economic reform and productivity. The strategy is a radical shift away from past policies, which tended to sacrifice
Published 13 Nov, 2011 12:00am
Caravan in motion: Indo-Pak trade - I

Caravan in motion: Indo-Pak trade - I

Preamble: 26 November 2008: Ajmal Kasab goes on a rampage and by the time the guns go off, 257 people lose their lives in and around Taj Mahal Palace Hotel in Mumbai. Probably every Pakistani became persona non grata in this landmark hotel.
Published 13 Nov, 2011 12:00am
'Spot-fixing' trial

'Spot-fixing' trial

The ignominious saga of the spot fixing trial has finally concluded. The single most paramount lesson to be taken out of this shambolic affair is that this should be the last we hear of match-fixing or spot-fixing in relation with Pakistan cricket. We hav
Published 13 Nov, 2011 12:00am
'Arrest' of two suspects: Wassan wouldn't confirm or deny

'Arrest' of two suspects: Wassan wouldn't confirm or deny

Sindh Home Minister, Manzoor Wassan has refused to confirm or deny any arrest made in the murder case of Dr Imran Farooq, according to a private TV channel. Wassan said the matter was at federal level. Therefore, he could not confirm or deny any arrest. A
Published 13 Nov, 2011 12:00am
PML-N initiated 'process of change' 21 years ago: Nawaz

PML-N initiated 'process of change' 21 years ago: Nawaz

Pakistan Muslim League-Nawaz President and former Prime Minister Nawaz Sharif on Saturday said the party had started the process of change 21 years ago by freeing the slave economy and putting Pakistan on the path of progress and faced bravely the forces
Published 13 Nov, 2011 12:00am
Gilani-Singh meeting hailed

Gilani-Singh meeting hailed

S.M.Muneer, Patron-in-Chief, Ehteshamuddin Chairman, Hasham A. Razzak and Tariq Malik, Vice-Chairmen KATI complimented Syed Yousuf Raza Gilani, Prime Minister of Pakistan, and Dr Monmohan Singh Prime Minister of India on their pledge to ease the tension b
Published 13 Nov, 2011 12:00am
Supreme Court set up four benches for several important cases

Supreme Court set up four benches for several important cases

The Chief Justice Iftikhar Muhammad Chaudhry has constituted four benches at the principal seat to hear several important cases, including Rental Power Projects and missing person's pleas during the next week, commencing from November 14.
Published 13 Nov, 2011 12:00am
Accountability court hands over Dr Majid to NAB

Accountability court hands over Dr Majid to NAB

An Accountability Court here on Saturday handed over Ex-Principal Punjab University College of Information Technology Dr Majid Naeem, to NAB for one day on physical remand. Accused will be produced in relevant court on November 14 (tomorrow) to get extens
Published 13 Nov, 2011 12:00am
Gilani's interaction with Karzai was cordial: foreign office

Gilani's interaction with Karzai was cordial: foreign office

The Foreign Office on Saturday described media reports as speculative about Prime Minister Syed Yusuf Raza Gilani's meeting with Afghan President Hamid Karzai to have taken place in tense atmosphere, saying the interaction was cordial in which both the di
Published 13 Nov, 2011 12:00am
'Imran has become establishment's pawn'

'Imran has become establishment's pawn'

Provincial Minister for Law and Parliamentary Affairs, Rana Sanaullah said that President Zardari was using Imran Khan against Muslim League-N and Imran Khan had become a pawn of establishment, he said in a statement issued here on Saturday.
Published 13 Nov, 2011 12:00am
Judicial commission holds hearing on intermediate results

Judicial commission holds hearing on intermediate results

The former Punjab Higher Education Department Secretary and District Co-ordination Officer (DCO) Lahore, Ahad Cheema strongly defended former computerisation consultant Dr Majid Naeem allegedly responsible for the whole chaos, appeared before a judicial c
Published 13 Nov, 2011 12:00am
Zardari phones Altaf

Zardari phones Altaf

President Asif Ali Zardari on Saturday talked to Muttahida Qaumi Movement (MQM) chief Altaf Hussain on phone to discuss current political situation in the country. According to Presidential spokesman Farhatullah Babar, the leaders discussed the political
Published 13 Nov, 2011 12:00am
Three killed in separate incidents

Three killed in separate incidents

At least three persons were killed in separate incidents at various parts of the metropolis here on Saturday. According to the police, a man was shot dead near Dawood Chowrangi Landhi in the limits of Quaidabad police station. The victim Fazal Ameen, 32,
Published 13 Nov, 2011 12:00am
Post-Hajj operation to end on December 10

Post-Hajj operation to end on December 10

The post-Haj operation will conclude on December 10, which had commenced from November 10, said a spokesman of the PIA city office.
Published 13 Nov, 2011 12:00am
Poor civic infrastructure badly affecting industrial production: HCCI

Poor civic infrastructure badly affecting industrial production: HCCI

President Hyderabad Chamber of commerce & Industry HCCI Goharullah in his press statement has said that Industrial production was being affected due to broken and damaged roads in Industrial Estate Hyderabad while solid waste of the city is dumped and bur
Published 13 Nov, 2011 12:00am
UN Human Development Index: HDF concerned over diminution of Pakistan

UN Human Development Index: HDF concerned over diminution of Pakistan

Human Development Foundation (HDF) has shown concerns over diminution of Pakistan in the Human Development Index of United Nations. Pakistan was ranked 145th in the Human Development Index of 187 countries, thus dropped 20 points previously from 125th, th
Published 13 Nov, 2011 12:00am
Woman, son among four killed in road accident

Woman, son among four killed in road accident

At least four persons including a woman and a minor lost their lives in separate incidents in various parts of the metropolis here on Saturday. According to the police and rescuers, a woman and her adopted minor son were crushed to death by a loaded dumpe
Published 13 Nov, 2011 12:00am
'All 2005 earthquake victims compensated'

'All 2005 earthquake victims compensated'

Almost all the victims of October 8, 2005 earthquake in Azad Jammu & Kashmir (AJK) had been compensated by the government, claimed Director Disaster Management Zia Ahmad Khawaja on Saturday. Talking to APP, the Director Disaster Management said that diffe
Published 13 Nov, 2011 12:00am
City lacks proper solid waste management system

City lacks proper solid waste management system

A proper system of solid waste management is lacking in the city and the various bodies responsible for waste disposal are inefficient. Hardly 40 per cent of the waste is collected at a time due to lack of resources and poorly administered collection and
Published 13 Nov, 2011 12:00am
Government urged to import electricity, petroleum products from India

Government urged to import electricity, petroleum products from India

President Karachi Chamber of Commerce and Industry (KCCI), Mian Abrar Ahmed, urged the federal secretary of commerce to explore the opportunities to import electricity and petroleum products from India and Indian investment in Thar Coal and other projects
Published 13 Nov, 2011 12:00am
World Bankto provide $200 million for 'Natural Gas Efficiency Project'

World Bankto provide $200 million for 'Natural Gas Efficiency Project'

World Bank considers of providing US $200 million for "Natural Gas Efficiency Project" to enhance the supply of natural gas in Pakistan by reducing the physical and commercial losses of gas in the pipeline system, while Pakistan will bear US $72 million.
Published 13 Nov, 2011 12:00am
Dengue virus: death toll rises to 327 in Punjab

Dengue virus: death toll rises to 327 in Punjab

Another four people have lost their lives due to dengue virus in Punjab raising the death toll due to this deadly virus to 327 including 283 in Lahore. According to the report released by the Health Department Punjab, as many as 69 confirmed dengue patien
Published 13 Nov, 2011 12:00am
Five killed in road accident

Five killed in road accident

Five persons were killed in different road accidents at various places. First accident took place near Chak No 36GB, where a car of marriage party was collided with a roadside tree and fell in water channel. Two persons Sharjeel Tahir and Shahbaz Ahmad di
Published 13 Nov, 2011 12:00am
Three DSPs transferred

Three DSPs transferred

Capital City Police Officer (CCPO), Ahmad Raza Tahir has issued orders of transfer and posting of three DSPs with immediate effect, including DSP Asad Muzafar from SDPO/Sabzazar to Anti-Terrorism Investigation Squad, DSP Ahmad Saleem from Anti-Terrorism I
Published 13 Nov, 2011 12:00am
PML-N criticises increase in electricity tariff

PML-N criticises increase in electricity tariff

Member National Assembly and PML-N leader Mohammad Pervez Malik has strongly criticised the government for making huge increase in electricity tariff and termed it an inhuman decision. "People are already committing suicides because of poverty and unemplo
Published 13 Nov, 2011 12:00am
Over two dozens Rind's paintings sold at Revivers Galleria

Over two dozens Rind's paintings sold at Revivers Galleria

Solo paintings and drawings exhibition of Karachi-based known artist A S Rind is continuing at the Revivers Galleria here with pretty good numbers of art lovers and art collectors visiting it almost daily. Over two dozen paintings and drawings of the arti
Published 13 Nov, 2011 12:00am
'World Diabetes Day 2011' tomorrow

'World Diabetes Day 2011' tomorrow

Like other parts of the globe, "World Diabetes Day 2011" is being observed here on Monday (November 14) in a bid to raise public awareness about harmful effects of diabetes and its complications so as with the increased awareness, goal of healthy society
Published 13 Nov, 2011 12:00am
Indian NTBs not Pakistan-specific, LCCI told

Indian NTBs not Pakistan-specific, LCCI told

The non-tariff barriers (NTBs) imposed by India are not at all Pakistan-specific and are debatable. Thus, Pakistan's businessmen should not be afraid of them. This was stated by Indian Commercial Attaché, Arvind Saxena, in a meeting with the office-bearer
Published 13 Nov, 2011 12:00am
Teachers protest transfer of colleagues

Teachers protest transfer of colleagues

Dozens of teachers boycotted the classes to protest transfer of their colleagues and behaviour of the district co-ordination officer on Saturday. During the protest, they told the media that DCO Azmat Mehmood and the monitoring officer had visited Governm
Published 13 Nov, 2011 12:00am
Construction of cantonment in Swat to start soon: Brigadier Bilal

Construction of cantonment in Swat to start soon: Brigadier Bilal

Operation Commander, Tehsil Kabal Swat, Brigadier Bilal has said that work on the construction of cantonment will start very soon, its headquarter will be near to Kanju Township. Talking to media here in FC Camp Kanju, he said that alongwith the establish
Published 13 Nov, 2011 12:00am
PJMA to provide farmers free of cost jute seeds

PJMA to provide farmers free of cost jute seeds

Pakistan Jute Mills Association (PJMA) will support the local farmers by providing free-of-cost jute seeds to encourage them towards its production. The PJMA will also arrange a seminar on jute farming and its prospects. The seminar is meant to boost farm
Published 13 Nov, 2011 12:00am
Lahore police arrest 2879 suspects in nine months

Lahore police arrest 2879 suspects in nine months

On the directive of Capital City Police Officer (CCPO) Ahmad Raza Tahir, Lahore Police have exterminated 705 criminal gangs involved in heinous crimes, and arrested 2879 harden criminals, whereas 4397 cases have been traced against them and recovered stol
Published 13 Nov, 2011 12:00am
New pneumococcal vaccine to be introduced in next year

New pneumococcal vaccine to be introduced in next year

The new vaccine to cure the fatal disease of pneumonia in children of under five years of age will be introduced in the country in March next year, said Dr Altaf Hussain Bosan, manager national programme on immunisation on Saturday. Briefing media about t
Published 13 Nov, 2011 12:00am
RAK launches its operation in Pakistan

RAK launches its operation in Pakistan

Rak Airways, the carrier of Ras Al Khaima (UAE), has launched its operation from Pakistan and initially it intends to operate from Lahore and Peshawar twice a week. The airline's inaugural flight landed at the Allama Iqbal International Airport from Ras A
Published 13 Nov, 2011 12:00am
AO advance course on fracture management from today

AO advance course on fracture management from today

A four-day "AO Advance Course on Fracture Management" will be held here at Shalamar Medical and Dental College, Lahore from Sunday (today). During the course, held under the auspices of AO Foundation Switzerland, the participants will be apprised about op
Published 13 Nov, 2011 12:00am
IN SHORT: Australia becomes No 3 wheat exporter

IN SHORT: Australia becomes No 3 wheat exporter

Australian wheat shipments surged 36 percent to 18.6 million tonnes in the marketing year ended September, putting the country ahead of Russia as the world's third largest exporter of the grain. Another bumper year is expected, with the country's governme
Published 13 Nov, 2011 12:00am
IN SHORT: demand for Asia cocoa powder rises

IN SHORT: demand for Asia cocoa powder rises

Demand for cocoa powder ahead of Christmas stirred up activity in the Asian physical market this week and helped butter prices defy pressure from abundant supply and a lack of interest from chocolate makers, dealers said on Friday.
Published 13 Nov, 2011 12:00am
IN SHORT: Indonesia coffee premiums slip

IN SHORT: Indonesia coffee premiums slip

Premiums for Indonesia's coffee dropped to $400 a tonne to London futures, their lowest since mid-October, squeezed by the early arrival of beans and hopes of good weather during harvests, dealers said on Friday. Flowers have turned to cherries on some pl
Published 13 Nov, 2011 12:00am
IN SHORT: Colombian coffee output, exports down

IN SHORT: Colombian coffee output, exports down

Colombia's coffee output fell 19 percent in October versus the same month last year to 656,000 60-kg bags, the growers federation said on Friday, dropping for the seventh consecutive month.Full-year 2011 bean production in the world's top producer of high
Published 13 Nov, 2011 12:00am
IN SHORT: China soya imports slip

IN SHORT: China soya imports slip

China, the world's largest soy buyer, imported 3.81 million tonnes of soybeans in October, down 7.7 percent from 4.13 million tonnes in September, figures from the General Administration of Customs of China showed on Thursday. October imports were the low
Published 13 Nov, 2011 12:00am
IN SHORT: China's copper premiums down

IN SHORT: China's copper premiums down

Chinese importers are buying less spot copper as it becomes more difficult to secure US dollar letters of credit and on sufficient domestic supply, traders said on Friday. This has cut spot premiums and may spill over into next year, with the world's top
Published 13 Nov, 2011 12:00am
Base metals slide but gold, oil prices gain

Base metals slide but gold, oil prices gain

Prices of industrial metals slid this week as the ongoing eurozone debt crisis dented demand for copper and tin, but oil futures rose thanks to geopolitical tensions over Iran.
Published 13 Nov, 2011 12:00am
US gold rises 1.5 percent on Europe hopes, tracks S&P

US gold rises 1.5 percent on Europe hopes, tracks S&P

Gold rose 1.5 percent on Friday, tracking a Wall Street rally, as Italy pushed through austerity measures demanded by the European Union and a new Greece government fuelled hopes that a euro zone sovereign debt meltdown could be averted.
Published 13 Nov, 2011 12:00am
Banks in Asia scale down C&E ahead of tougher US rules

Banks in Asia scale down C&E ahead of tougher US rules

Most banks trading in the commodities and energy markets in Asia have scaled down their businesses in the past six months, ahead of tighter regulations in the United States and amid heavy losses stemming from the eurozone crisis.
Published 13 Nov, 2011 12:00am
World paddy rice output to grow three percent

World paddy rice output to grow three percent

World paddy rice output is expected to grow 3 percent year-on-year to a record 721 million tonnes in 2011 thanks to increased planted areas and improved yields, the United Nation's food agency said on Friday trimming its previous estimate.
Published 13 Nov, 2011 12:00am
New York cotton ends slightly down

New York cotton ends slightly down

US cotton futures settled a shade lower on Friday after being dominated by position-squaring indicating demand for nearby cotton supplies, traders said. "It was a remarkably uneventful day, except that the December cotton contract went up over March, afte
Published 13 Nov, 2011 12:00am
China's cotton imports surge

China's cotton imports surge

China's cotton imports in October surged 163 percent from the same period last year to 252,300 tonnes, an industry website reported on Friday, citing customs data. Cotton imports in the first 10 months of this year totalled 2.20 million tonnes, down 2.4 p
Published 13 Nov, 2011 12:00am
India cotton arrivals fall 30 percent

India cotton arrivals fall 30 percent

Cotton arrivals in Indian spot markets fell 30 percent in October as unseasonal rains delayed harvesting of the crop, an official at the state-run Cotton Corp of India said on Tuesday. Arrivals stood at 1.48 million bales of 170 kg each as on October 30,
Published 13 Nov, 2011 12:00am
Grains week ahead: funds losing interest in grains?

Grains week ahead: funds losing interest in grains?

As Europe edges toward a solution to its burgeoning debt crisis, investors in grain markets will sharpen their focus on moribund export demand and crop prospects in agricultural powerhouse South America. There will also be interest in whether the US congr
Published 13 Nov, 2011 12:00am
Turkish commandos shoot dead lone ferry hijacker

Turkish commandos shoot dead lone ferry hijacker

Turkish commandos killed a lone hijacker, identified as a Kurdish militant armed with a bomb, in a pre-dawn operation on Saturday to rescue more than 20 passengers and crew held hostage for 12 hours on a high-speed ferry near Istanbul. Hostages aboard the
Published 13 Nov, 2011 12:00am
Snow adds to Turkey quake survivors' misery; toll hits 33

Snow adds to Turkey quake survivors' misery; toll hits 33

The first heavy snows of winter piled misery on thousands of earthquake survivors in eastern Turkey on Saturday as Prime Minister Tayyip Erdogan visited the quake zone amid rising anger among homeless families over relief efforts. Working in swirling snow
Published 13 Nov, 2011 12:00am
Afghanistan to hold conference on US relations, Taliban talks

Afghanistan to hold conference on US relations, Taliban talks

The Afghan government will hold a conference of national dialogue next week to discuss a partnership pact with the United States and proposed peace talks with the Taliban, officials said Saturday. The traditional meeting of community leaders, known as "Lo
Published 13 Nov, 2011 12:00am
13 killed in two Afghan bomb blasts

13 killed in two Afghan bomb blasts

Thirteen people died Saturday in two separate bomb blasts in Afghanistan, officials said. Eight Afghan civilians, including a newly wed, were killed as a roadside bomb exploded in eastern Laghman province. "The civilians were travelling in an area close t
Published 13 Nov, 2011 12:00am
IAEA, Iran spar over bomb work allegations

IAEA, Iran spar over bomb work allegations

The UN nuclear watchdog showed letters and satellite images on Friday as part of evidence pointing to military dimensions to Iran's atomic activities, diplomats said, but Tehran's envoy dismissed it as "lousy" intelligence work. Herman Nackaerts, head of
Published 13 Nov, 2011 12:00am
Eight dead in Kazakhstan terror attack

Eight dead in Kazakhstan terror attack

A lone militant killed seven people - five police officers and two civilians - in an attack Saturday in the Central Asian republic of Kazakhstan before blowing himself up. The 34-year-old blew himself up once arrested, the country's district attorney said
Published 13 Nov, 2011 12:00am
Amazon, Halong Bay, Puerto Princesa among seven new natural wonders

Amazon, Halong Bay, Puerto Princesa among seven new natural wonders

The Amazon rainforest, Vietnam's Halong Bay and the Puerto Princesa underground river in the Philippines have been named among the world's new seven wonders of nature, according to provisional results from a global competition. The new wonders also includ
Published 13 Nov, 2011 12:00am
Darfur group joins Sudan rebel alliance

Darfur group joins Sudan rebel alliance

An alliance of rebel groups committed to regime change in Sudan said on Saturday that a key Darfur rebel movement had joined them, as they convened for a second meeting in the Nuba Mountains. Two documents outlining the goals of the newly named Sudanese R
Published 13 Nov, 2011 12:00am
EU commits to Libya as Ashton opens Tripoli mission

EU commits to Libya as Ashton opens Tripoli mission

EU foreign policy chief Catherine Ashton officially opened a delegation in Tripoli on Saturday before holding talks with Libya's interim leaders as the bloc moved to cement relations. Heralding the bloc's commitment to assist recovery from the eight-month
Published 13 Nov, 2011 12:00am
Suu Kyi 'likely' to stand in by-election

Suu Kyi 'likely' to stand in by-election

Myanmar's democracy icon Aung San Suu Kyi is likely to contest an upcoming by-election, a party spokesman said Saturday, paving the way for a political comeback after years of exclusion by army generals. Her National League for Democracy (NLD), delisted l
Published 13 Nov, 2011 12:00am
Nigeria, France to partner on security matters

Nigeria, France to partner on security matters

French Foreign Minister Alain Juppe said Saturday that France wants to partner with Nigeria on security matters in the wake of a series of terror attacks in Africa's most populous nation. Recent attacks by radical Islamist group Boko Haram in north-east N
Published 13 Nov, 2011 12:00am
Russia expels Tajik migrants after pilot's jailing

Russia expels Tajik migrants after pilot's jailing

Russia on Saturday was preparing to expel around 300 Tajik migrants detained in recent days, reportedly in retaliation for the jailing of a Russian pilot by a court in Tajikistan. The Federal Migration Service (FMS) said almost 300 migrants from the impov
Published 13 Nov, 2011 12:00am
UK denies report of deeper cuts to army

UK denies report of deeper cuts to army

Britain denied a newspaper report on Saturday that it was considering making deeper cuts to its army than previously announced and that soldiers wounded in Afghanistan could be among those losing their jobs. The Daily Telegraph said it had seen a leaked m
Published 13 Nov, 2011 12:00am
Milk rate fixed at Rs 64 per litre

Milk rate fixed at Rs 64 per litre

Deputy Commissioner of Hyderabad Asif Ali Memon has fixed the rate of milk at Rs 64 per litre and warned the milk sellers of banning transportation of milk to Karachi if they fail to comply with the orders. The DC issued the directive here on Saturday whi
Published 13 Nov, 2011 12:00am
PIA brings back 10,000 Hajis so far

PIA brings back 10,000 Hajis so far

PIA has so far operated 25 Hajj flights bringing back over 10,000 Hajis from Jeddah to Pakistan. PIA Spokesman said here on Saturday. A meeting between PIA Officials headed by PIA Chief Hajj Co-ordinator and Director Hajj Services, Aijaz Mazhar and Jeddah
Published 13 Nov, 2011 12:00am
Next general election to be held on time: Ayaz Soomro

Next general election to be held on time: Ayaz Soomro

Sindh Law Minister, Muhammad Ayaz Soomro on Saturday said that next general election in the country would be held on time. He was briefing the media outside Bilawal House about details of the various meetings held by President Asif Ali Zardari at Bilawal
Published 13 Nov, 2011 12:00am
AKHSP launches mass awareness campaign against pneumonia

AKHSP launches mass awareness campaign against pneumonia

Aga Khan Health Service Pakistan (AKHSP) launched a mass awareness campaign against pneumonia on Saturday. The three-day exercise that coincides with "World Pneumonia Day," celebrated every year on November 12 holds particular relevance for children below
Published 13 Nov, 2011 12:00am
Elocution Competition held at DHA College for Women

Elocution Competition held at DHA College for Women

DHA Degree College for Women Phase-VII (Extn) organised its first ever Elocution Competition in the College here on Friday. Renowned Poet Naseer Turabi was the chief guest on the occasion. The aim of the programme was to develop in students in their forma
Published 13 Nov, 2011 12:00am
PSMA clarification

PSMA clarification

Apropos a news item "Hasty tender for procurement of sugar gives birth to doubts" carried by Business Recorder on November 12, 2011, Javed Kayani, chairman, Pakistan Sugar Mills Association, has clarified: "Government of Pakistan needs to replenish
Published 13 Nov, 2011 12:00am
Matric, Uloom Sharqia results tomorrow

Matric, Uloom Sharqia results tomorrow

Board of Higher and Secondary Education, Bannu has declared to announce results of Matriculation Supplementary and Annual Uloom Sharqia, Examinations 2011 on November 14.
Published 13 Nov, 2011 12:00am
High prices led to less animal slaughter: PTA chief

High prices led to less animal slaughter: PTA chief

Chairman, Pakistan Tanners Association (PTA), S M Naseem, has said that this year slaughtering of sacrificial animals has been decreased drastically as compared to previous year owing to high prices of sacrificial animals. According to survey, the decreas
Published 13 Nov, 2011 12:00am
Increase in wheat support price need of the hour: Mughal

Increase in wheat support price need of the hour: Mughal

Agri-Forum Pakistan (AFP) Chairman Muhammad Ibrahim Mughal has claimed that the federal government has assured the growers of substantially increasing wheat support price in response to his appeal to the Prime Minister for enhancing wheat price for the cu
Published 13 Nov, 2011 12:00am
PTCL begins provision of broadband services in Sukkur

PTCL begins provision of broadband services in Sukkur

The Pakistan Telecommunication Company Limited (PTCL) under the Universal Service Fund (USF) has started the installation and provision of broadband services in Sukkur region. This was stated by PTCL's Senior Executive Vice-President Corporate Development
Published 13 Nov, 2011 12:00am
Another dengue patient dies in Karachi

Another dengue patient dies in Karachi

The death toll from dengue viral fever jumped to 16 in Sindh province this year after a patient died in Karachi on Saturday evening. In-charge of Sindh Health Department's Dengue Surveillance Cell Dr M. Shakeel Mullick confirmed that 17-year Hamza Hayat,
Published 13 Nov, 2011 12:00am
Shortage of admission forms at KU

Shortage of admission forms at KU

The shortage of admission forms has been reported on Saturday at the Karachi University (KU) where the process of admissions for the academic session 2012 had commenced a day earlier. The vice-chancellor of the Karachi University, Professor Dr Pirzada Qas
Published 13 Nov, 2011 12:00am
SIUT, PYF celebrate World Children's Day

SIUT, PYF celebrate World Children's Day

Sindh Institute of Urology and Transplantation (SIUT) and Pakistan Youth Forum (PYF) jointly celebrate World Children's Day at SIUT. SIUT and PYF in a joint collaboration organised an event "Spreading Smiles" exclusively for the sick children being treate
Published 13 Nov, 2011 12:00am
Website on IDPs launched

Website on IDPs launched

The Pakistan army has launched its website http;//www.southwaziristanrehab.com for providing necessary information regarding rehabilitation and developmental process of IDP in the area. According to spokesman of army, the website would also apprise those
Published 13 Nov, 2011 12:00am
Mohsin happy with players handling of spot-fixing scandal

Mohsin happy with players handling of spot-fixing scandal

Pakistan coach Mohsin Khan on Saturday told AFP he was satisfied with his team's ability to put behind them the spot-fixing scandal which ended in three of their former team-mates being handed down prison sentences in England. Former Test captain Salman B
Published 13 Nov, 2011 12:00am
Thorpe disappoints in Tokyo World Cup meet

Thorpe disappoints in Tokyo World Cup meet

Australian star Ian Thorpe's much-anticipated comeback faced another setback on Saturday with a lacklustre performance on the first day of the World Cup short-course swimming championships in Tokyo. The five-time Olympic champion, who quit the sport in 20
Published 13 Nov, 2011 12:00am
Calls for heads after Australia crushed

Calls for heads after Australia crushed

Australian cricket must make ruthless decisions about its ageing side in the wake of the team's shattering defeat to South Africa in three days in Cape Town, Australian newspapers said Saturday. South Africa staged one of the great Test comebacks to win b
Published 13 Nov, 2011 12:00am
Check player assets to stamp out corruption: Kamran Akmal

Check player assets to stamp out corruption: Kamran Akmal

Wicketkeeper-batsman Kamran Akmal believes the Pakistan Cricket Board (PCB) should check the assets and bank accounts of all of its players every six months to ensure future generations do not fall prey to corruption scandals. Three Pakistan players were
Published 13 Nov, 2011 12:00am
Suarez joy, Messi frustration in 2014 qualifiers

Suarez joy, Messi frustration in 2014 qualifiers

South American champions Uruguay crushed Chile 4-0 with all four goals coming from Luis Suarez, while Lionel Messi's Argentina were held to a 1-1 draw at home by Bolivia in Friday's World Cup qualifiers. Copa America winners Uruguay lead the nine-nation S
Published 13 Nov, 2011 12:00am
Federer into Paris Masters final

Federer into Paris Masters final

Roger Federer defeated Tomas Berdych 6-4, 6-3 here on Saturday to reach the final of the Paris Masters for the first time in his career. The 30-year-old Swiss holder of 16 Grand Slam titles will play on Sunday the winner of the other semi-final which sees
Published 13 Nov, 2011 12:00am
Euro 2012 playoff: Croatia shock Turkey with 3-0 away win

Euro 2012 playoff: Croatia shock Turkey with 3-0 away win

Croatia romped to a comfortable 3-0 victory away to Turkey in the first leg of their Euro 2012 playoff On Friday with goals from Ivica Olic, Mario Mandzukic and Vedran Corluka taking them to the brink of the finals. Boos rang around the stadium at the fin
Published 13 Nov, 2011 12:00am
Vettel matches Mansell's pole record

Vettel matches Mansell's pole record

Double Formula One world champion Sebastian Vettel dug deep to seize pole position at the Abu Dhabi Grand Prix on Saturday and equal Nigel Mansell's 1992 record of 14 in a single season. The 24-year-old German, who has already clinched his second title wi
Published 13 Nov, 2011 12:00am
Tottenham manager to face tax charges

Tottenham manager to face tax charges

Tottenham manager Harry Redknapp is to face trial for tax evasion next year, it was revealed Saturday. Redknapp, 64, has been charged with two counts of cheating the public revenue between 2002 and 2007 when he was manager of Portsmouth, now in the Englis
Published 13 Nov, 2011 12:00am
UK trade body eyeing emerging markets if eurozone splits

UK trade body eyeing emerging markets if eurozone splits

A eurozone breakup would be challenging for British exporters but there would be still be export opportunities both in Europe and in emerging markets, the head of Britain's trade and investment promotion agency said on Friday. The British government is ma
Published 13 Nov, 2011 12:00am
Sinopec to pay $3.5 billion for Brazil oil stake

Sinopec to pay $3.5 billion for Brazil oil stake

China's Sinopec said Friday it will pay $3.54 billion for a 30 percent stake in the Brazilian unit of Portuguese oil giant Galp Energia, marking the latest push by Chinese companies into Latin America. Asia's top refiner said in a statement the transactio
Published 13 Nov, 2011 12:00am
Parliament approves Portugal austerity budget

Parliament approves Portugal austerity budget

Portuguese lawmakers gave preliminary approval Friday to the government's 2012 austerity budget aimed at putting the country's finances in order despite widespread discontent at some of the measures. The approval, on a first reading, comes just as the Ita
Published 13 Nov, 2011 12:00am
Wall Street firms eye troubled Alabama sewer system

Wall Street firms eye troubled Alabama sewer system

The indebted sewer system at the centre of Alabama's Jefferson County's bankruptcy is drawing early interest from Wall Street firms and could be bought once it sheds its debt burden, an investor whose company runs the pension fund of state employees said.
Published 13 Nov, 2011 12:00am
IAMGold sees scope for buys; gold above $2000 per ounce

IAMGold sees scope for buys; gold above $2000 per ounce

Canadian gold miner IAMGold is on the look-out for acquisitions and while it is not itself up for sale, its chief executive said on Friday it does represent good value right now. "We have a seen a reduction in the values (of companies). We are seeing oppo
Published 13 Nov, 2011 12:00am
Yuan appreciation slows but depreciation not on the cards

Yuan appreciation slows but depreciation not on the cards

China appears to have quietly adjusted its currency policy in response to the deepening euro zone debt crisis, slowing the yuan's steady appreciation while trying to nip speculation of yuan depreciation. The balancing act comes as inflationary pressures c
Published 13 Nov, 2011 12:00am
RBI intervened in FX market in September

RBI intervened in FX market in September

India's central bank intervened in the foreign exchange market in September, after following a hands-off approach for nine straight months, as the unit fell to its lowest level in more than two years, its monthly bulletin showed on Friday. The rupee had m
Published 13 Nov, 2011 12:00am
Uganda shilling firms versus dollar

Uganda shilling firms versus dollar

The Ugandan shilling edged higher against the dollar on Friday as tight shilling liquidity forced banks to unwind dollar positions to ensure their local currency holdings. Some traders forecast the shilling would strengthen further next week, lifted by do
Published 13 Nov, 2011 12:00am
Canadian dollar stronger in thin markets

Canadian dollar stronger in thin markets

The Canadian dollar strengthened in thin trade on Friday as investors headed back to riskier assets, hopeful that leadership change will put Italy back on the path to fiscal health and avoid a full-blown eurozone crisis. Global equities surged more than 2
Published 13 Nov, 2011 12:00am
Australian and New dollar dollars seen hanging onto gains in 2012

Australian and New dollar dollars seen hanging onto gains in 2012

The high-flying Australian and New dollar dollars are seen holding on to most of their gains in 2012, despite expectations for more interest rate cuts in Australia. A Reuters poll of around 47 analysts showed the Australian dollar is initially likely to d
Published 13 Nov, 2011 12:00am
Euro climbs most versus dollar in two weeks

Euro climbs most versus dollar in two weeks

The euro rose the most against the dollar in two weeks on Friday and may extend gains next week should an auction of Italian bonds go smoothly, easing fears over the country's ability to repay its debt. Italy is slated to auction three billion euros of fi
Published 13 Nov, 2011 12:00am
Latam currencies gain as European crisis eases

Latam currencies gain as European crisis eases

Latin American currencies gained against the US dollar on Friday, trimming or erasing weekly losses, as Italy moved to shore up its budget against soaring debt costs and Greece chose a new prime minister. Brazil's real gained 1.02 percent to 1.7429 to the
Published 13 Nov, 2011 12:00am
Investors turn bearish on Asia FX, cut Singapore dollar bets

Investors turn bearish on Asia FX, cut Singapore dollar bets

Investors turned bearish on most emerging Asian currencies in the last two weeks as Europe's debt crisis deepened, though they slightly raised positions in the Chinese yuan, a Reuters poll showed on Thursday. The survey of 12 currency analysts, conducted
Published 13 Nov, 2011 12:00am
Dutch Prime Minister says no return to guilder

Dutch Prime Minister says no return to guilder

Dutch Prime Minister Mark Rutte on Friday shot down a political ally's proposal to abandon the euro and return to the guilder, saying it would be disastrous for the Netherlands' export-oriented economy. Populist politician Geert Wilders, whose Freedom Par
Published 13 Nov, 2011 12:00am
CEE currencies seen rallying, provided euro crisis eases

CEE currencies seen rallying, provided euro crisis eases

Central European currencies are expected to rally in the next 12 months if risk aversion caused by the eurozone debt crisis abates, while Europe's economic slowdown remains a key concern in the region, a Reuters poll of analysts showed. The currencies hav
Published 13 Nov, 2011 12:00am
Wall Street gains for week as Italy fears ebb

Wall Street gains for week as Italy fears ebb

US stocks jumped on Friday, ending higher for the week after the Italian Senate's approval of economic reforms gave investors some relief from worries about the eurozone's debt crisis. After another week of volatility driven by news on the crisis, the S&P
Published 13 Nov, 2011 12:00am
Latam stocks jump but gains seen vulnerable

Latam stocks jump but gains seen vulnerable

Latin American stocks climbed on Friday amid expectations Italy's budget measures may help stem a eurozone debt crisis, but analysts said unanswered questions meant any gains were vulnerable. The MSCI Latin American stock index jumped 3.03 percent, revers
Published 13 Nov, 2011 12:00am
Turkish shares, lira rise

Turkish shares, lira rise

The Turkish lira extended gains on Friday and shares rose more than 1 percent following a recovery in global risk appetite after the Italian senate approved an austerity plan. Turkish markets shrugged off data showing industrial production jumped 12 perce
Published 13 Nov, 2011 12:00am
China funds buying Hungary bonds

China funds buying Hungary bonds

Chinese funds and banks are buying Hungarian government bonds and forint-denominated securities and will keep doing so, Hungary's National Development Minister Tamas Fellegi told national news agency MTI on Friday after a visit to Beijing. MTI said that F
Published 13 Nov, 2011 12:00am
China funds buying Hungary bonds

China funds buying Hungary bonds

Chinese funds and banks are buying Hungarian government bonds and forint-denominated securities and will keep doing so, Hungary's National Development Minister Tamas Fellegi told national news agency MTI on Friday after a visit to Beijing. MTI said that F
Published 13 Nov, 2011 12:00am
Indian bond yields rise

Indian bond yields rise

Indian federal bond yields rose on Friday after a volatile trading session, as positive sentiment due to comments from a central bank official and partial rejection of bids at a debt sale were offset by concerns of additional short-term borrowing. India r
Published 13 Nov, 2011 12:00am
Indian bond yields rise

Indian bond yields rise

Indian federal bond yields rose on Friday after a volatile trading session, as positive sentiment due to comments from a central bank official and partial rejection of bids at a debt sale were offset by concerns of additional short-term borrowing. India r
Published 13 Nov, 2011 12:00am
Russia Megapolis delays London IPO

Russia Megapolis delays London IPO

Megapolis, Russia's biggest tobacco distributor, has delayed an initial public offering in London till April, the company owner Igor Kesayev was quoted as saying on Saturday. The comments, reported by news agency Interfax, gave no explanation of the reaso
Published 13 Nov, 2011 12:00am
Polymetal sees $200 million left for M&A after LSE move

Polymetal sees $200 million left for M&A after LSE move

Russian precious metals miner Polymetal International, which recently moved its listing to the London Stock Exchange, will pay about $200 million to buy out 8.6 percent of shares held as treasury stock by its Russian unit, its CEO said. It could then use
Published 13 Nov, 2011 12:00am
TSX ends volatile week over one percent higher

TSX ends volatile week over one percent higher

Toronto's main stock index ended a volatile week of trading more than 1 percent higher on Friday as commodity prices rose on renewed investor optimism that Europe is taking steps to deal with its debt crisis. Moves by debt-riddled Italy and Greece to grap
Published 13 Nov, 2011 12:00am
Italian yields fall sharply; auction next test

Italian yields fall sharply; auction next test

Italian government bond yields fell sharply on Friday after Rome passed new austerity plans, clearing the way for a new government but pressure may increase again ahead of a bond auction next week. Italy's Senate approved economic reforms intended to reve
Published 13 Nov, 2011 12:00am
Italian yields fall sharply; auction next test

Italian yields fall sharply; auction next test

Italian government bond yields fell sharply on Friday after Rome passed new austerity plans, clearing the way for a new government but pressure may increase again ahead of a bond auction next week. Italy's Senate approved economic reforms intended to reve
Published 13 Nov, 2011 12:00am
Sri Lanka's Leasing IPO oversubscribed

Sri Lanka's Leasing IPO oversubscribed

The initial public offering of Sri Lanka's People's Leasing Company (PLC), the largest in more-than six years, has been oversubscribed by over 2.5 billion Sri Lanka rupee ($22.7 million), the firm said on Friday. PLC, a subsidiary of the island-nation's u
Published 13 Nov, 2011 12:00am
Sri Lanka stocks up

Sri Lanka stocks up

Sri Lanka's stock market edged up on Friday but uncertainty surrounding the impact of a new government take-over law saw turnover and volume slump to multi-month lows. Trading resumed for the first time since Sri Lanka's parliament on Wednesday passed the
Published 13 Nov, 2011 12:00am
JGBs dip as risk aversion eases

JGBs dip as risk aversion eases

Japanese government bond prices dipped on Friday, pushing the 10-year yield off a one-year low hit the previous day, as worries about Italy eased somewhat after an Italian debt auction went better than feared and the country moved closer to a unity govern
Published 13 Nov, 2011 12:00am
JGBs dip as risk aversion eases

JGBs dip as risk aversion eases

Japanese government bond prices dipped on Friday, pushing the 10-year yield off a one-year low hit the previous day, as worries about Italy eased somewhat after an Italian debt auction went better than feared and the country moved closer to a unity govern
Published 13 Nov, 2011 12:00am
Greek government offers no austerity relief, may stay longer

Greek government offers no austerity relief, may stay longer

Greece's new cabinet may last a month or two longer than planned, a senior government official said on Saturday, but whatever happens Greeks should not expect any relief from the tough austerity measures they have endured for two years. A national unity g
Published 13 Nov, 2011 12:00am
China needs 'honest coordination' on audit row: US official

China needs 'honest coordination' on audit row: US official

China needs to work honestly and quickly with foreign regulators to restore market confidence in its companies listed in North America, a senior US Treasury official said on Saturday. Chinese officials have put off meetings with their US counterparts to a
Published 13 Nov, 2011 12:00am
Brazil eases capital rules to prevent credit squeeze

Brazil eases capital rules to prevent credit squeeze

Brazil's central bank on Friday allowed banks to set aside less capital for some consumer loans of up to five years, seeking to protect local credit markets from the impact of global financial turmoil. Policy-makers lowered the so-called risk factor by wh
Published 13 Nov, 2011 12:00am
Boeing 737 draft orders reach 700

Boeing 737 draft orders reach 700

Boeing has notched up a further 100 commitments for its revamped 737 MAX, lifting the total to 700 spread between nine customers as it narrows this year's gap with European rival Airbus, the head of its commercial division said. Boeing has not yet secured
Published 13 Nov, 2011 12:00am
Iraq eyes F-16 buys

Iraq eyes F-16 buys

Iraq is planning to expand its fleet of aerial reconnaissance planes "in the near future" and is hoping to sign a deal for a second batch of F-16 warplanes by next year, the country's air force chief said on Saturday. The moves, laid out by Lieutenant Gen
Published 13 Nov, 2011 12:00am
ECB should not pay for EU's sinners: Portugal Prime Minister

ECB should not pay for EU's sinners: Portugal Prime Minister

The European Central Bank should not print money to pay the debts of countries that have failed to keep budget discipline, Portuguese Prime Minister Pedro Passos Coelho said on Saturday, assuring that his country can put its finances in order. "If the ECB
Published 13 Nov, 2011 12:00am
Abu Dhabi's annual inflation at 22-month low

Abu Dhabi's annual inflation at 22-month low

Abu Dhabi's annual inflation rate slowed to a 22-month low of 0.9 percent in October as transport prices in the Gulf emirate eased and housing costs were unchanged, data showed on Saturday. Inflation in the emirate, which accounts for roughly 60 percent o
Published 13 Nov, 2011 12:00am
Royal Bank of Scotland leaves MBIA lawsuit

Royal Bank of Scotland leaves MBIA lawsuit

The Royal Bank of Scotland Group Plc has withdrawn from two lawsuits filed by banks challenging the 2009 restructuring of MBIA Inc, once the world's largest bond insurer. The withdrawal, which was disclosed in a stipulation filed Friday in New York State
Published 13 Nov, 2011 12:00am
Singapore fund dumps Olympus shares, Japan steps up probe

Singapore fund dumps Olympus shares, Japan steps up probe

Singapore's sovereign wealth fund said on Saturday it has sold most of its holdings of Olympus Corp on concerns of wrongdoing, the first major shareholder to show that it has lost all confidence in the scandal-hit Japanese medical device and camera maker.
Published 13 Nov, 2011 12:00am
Singapore fund dumps Olympus shares, Japan steps up probe

Singapore fund dumps Olympus shares, Japan steps up probe

Singapore's sovereign wealth fund said on Saturday it has sold most of its holdings of Olympus Corp on concerns of wrongdoing, the first major shareholder to show that it has lost all confidence in the scandal-hit Japanese medical device and camera maker.
Published 13 Nov, 2011 12:00am
LME suspends MF Global's steel billet warrants

LME suspends MF Global's steel billet warrants

The London Metal Exchange (LME) has suspended the validity of 274 steel billet warrants belonging to bankrupt brokerage firm MF Global, an exchange spokesman said on Saturday. "The situation has arisen due to the MF administration. The administrator has t
Published 13 Nov, 2011 12:00am
Vietnam, Chile sign trade pact

Vietnam, Chile sign trade pact

The leaders of Chile and Vietnam on Friday signed an accord to lift tariffs on thousands of goods, giving a boost to the small but rapidly growing trade between the Pacific Rim nations. In the fruition of talks that opened in 2006, Chilean President Sebas
Published 13 Nov, 2011 12:00am
Chinese paper accuses US over free trade deal

Chinese paper accuses US over free trade deal

The US is halting the "natural expansion" of a fledgling Asia-Pacific free trade deal with hostile rhetoric towards China, Beijing's state-run Global Times said in an editorial Saturday. The piece slammed remarks by US Secretary of State Hillary Clinton l
Published 13 Nov, 2011 12:00am
UK property super-rich worth $138 billion in 2011

UK property super-rich worth $138 billion in 2011

UK's property elite grew richer at a slower pace this year, with strong safe-haven demand for top-end central London real estate offset by stagnating growth in the regions, Estates Gazette's Rich List showed on Saturday. The combined worth of the list's 2
Published 13 Nov, 2011 12:00am
Port Qasim's activities

Port Qasim's activities

A cargo volume of 92,286 tonnes, comprising 76,207 tonnes of import cargo and 16,079 tonnes of export cargo inclusive 3,157 loaded & empty containers (TEUs) was handled at Port Qasim during last 24 hours on Saturday. The total import cargo of 76,207 tonne
Published 13 Nov, 2011 12:00am
EU cleared 502,000 tonnes of soft wheat exports

EU cleared 502,000 tonnes of soft wheat exports

The European Union this week granted export licences for 502,000 tonnes of soft wheat, taking the total since the beginning of the 2011/12 (July-June) season to 5.54 million tonnes, official data showed on Thursday. This was the second consecutive award o
Published 13 Nov, 2011 12:00am
Ship lending to slide in 2012 as downturn bites

Ship lending to slide in 2012 as downturn bites

Bank lending to the shipping industry is set to shrink in the coming months as low freight rates and the euro zone crisis will prompt a number of players to reduce their exposure to the seaborne sector, Citigroup's shipping chief said on Friday.
Published 13 Nov, 2011 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Thursday the most in six weeks, stumbling to a 2.8 percent loss for the holiday-shortened week. Stronger Canadian dollar, after data that showed a surprising trade surplus in September on energy exports, and declining U
Published 13 Nov, 2011 12:00am
HRW wheat bids steady

HRW wheat bids steady

Hard red winter wheat basis bids were steady on Friday as spot mill demand ebbed slightly against application of contracted supplies. Higher protein supplies remained in good demand as a substitution for higher-priced spring wheat. Protein premiums for ra
Published 13 Nov, 2011 12:00am
US soya rebounds from one-month low

US soya rebounds from one-month low

US soyabeans rose on Friday after a decline in prices to a one-month low spurred export interest, with a weak dollar and higher crude oil also supporting futures. Corn futures fell 1 percent and wheat also declined, bucking support from a sharply lower gr
Published 13 Nov, 2011 12:00am
India, Indonesia negotiate rice trade deals

India, Indonesia negotiate rice trade deals

Indonesia, the world's third-biggest rice consumer, has asked India for supplies of the staple food grain after floods hit top rice exporter Thailand, potentially disrupting shipments. India, the world's second-biggest producer and consumer of rice, is wi
Published 13 Nov, 2011 12:00am
Argentine rains could prompt soya area expansion

Argentine rains could prompt soya area expansion

Major world soya supplier Argentina got heavy rains over the last week that could set the stage for a larger-than-expected area to be planted this season, the Buenos Aires Grains Exchange said on Thursday. The exchange did not boost its soya area estimate
Published 13 Nov, 2011 12:00am
Ivorian cocoa farmgate prices higher

Ivorian cocoa farmgate prices higher

Cocoa farmgate prices in Ivory Coast's cocoa regions were firm to higher last week, pushed up in the east by smuggling to Ghana, supported in the west by competition for beans and holding firm elsewhere, farmers said. Ivory Coast set a non-binding pre-sea
Published 13 Nov, 2011 12:00am
Prices firm amid improved activity on cotton market

Prices firm amid improved activity on cotton market

Exporters' buying helped the cotton rates to keep firmness on the local market on Saturday in process of trading, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 5,450, they said. Prices of seedcotton of both low
Published 13 Nov, 2011 12:00am
Oil cake market rates

Oil cake market rates

The December vaida was lower and January vaida was inert on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The December contract that had ended at Rs 1308.20 showed a fall of 20 paisa in the morning session at Rs 13
Published 13 Nov, 2011 12:00am
Rates fall amid modest trading on grain market

Rates fall amid modest trading on grain market

Most of the commodity prices fell on the wholesale grain market on Saturday in process of modest trading, dealers said. On the grams side guwar Sindh and Punjab both dropped Rs 300 to Rs 6400-6500, yellow peas Ukraine lost Rs 50 to Rs 3650-3850 and yellow
Published 13 Nov, 2011 12:00am
THE RUPEE: dollar gains in buying

THE RUPEE: dollar gains in buying

The rupee lost 10 paisa versus dollar for buying and also fell in terms of euro on the currency market on Saturday in process of trading, dealers said. The rupee shed 10 paisa against dollar for buying at 86.40 while it did not show any change for selling
Published 13 Nov, 2011 12:00am
THE RUPEE: dollar gains in buying

THE RUPEE: dollar gains in buying

The rupee lost 10 paisa versus dollar for buying and also fell in terms of euro on the currency market on Saturday in process of trading, dealers said. The rupee shed 10 paisa against dollar for buying at 86.40 while it did not show any change for selling
Published 13 Nov, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (November 12, 2011).

Published 13 Nov, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (November 12, 2011).

Published 13 Nov, 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 (November 12, 2011).

Published 13 Nov, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 12, 2011).

Published 13 Nov, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 12, 2011).

Published 13 Nov, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 12, 2011).

Published 13 Nov, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 12, 2011).

Published 13 Nov, 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 (November 12, 2011).

Published 13 Nov, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (November 12, 2011).

Published 13 Nov, 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 (November 12, 2011).

Published 13 Nov, 2011 12:00am
Previous Day