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Archive - 2011-11-18
7.9mn bales of cotton reach ginneries
Top News

7.9mn bales of cotton reach ginneries

MULTAN: Over 7.9 million bales of cotton have reached ginneries across Pakistan till November 15, this year, says a fort
Published 18 Nov, 2011 03:42pm
Trade across LoC touches Rs 17.6mn
Top News

Trade across LoC touches Rs 17.6mn

MIRPUR: The trade across both sides of the Line of Control touches Rs 17.6 million between Azad Jammu and Kashmir and In
Published 18 Nov, 2011 03:03pm
ISE-10 gains 10.70 points
Markets

ISE-10 gains 10.70 points

ISLAMABAD: Islamabad Stock Exchange (ISE-10) witnessed bullish trend as the index was up by 10.70 points to close at 271
Published 18 Nov, 2011 02:49pm
Russian CPI seen at 6.8-6.7pc
Top News

Russian CPI seen at 6.8-6.7pc

MOSCOW: Russian consumer price inflation is likely to fall to 6.8-6.7 percent by the end of the year, Economy Minister E
Published 18 Nov, 2011 01:40pm
2012 budget sees 4.5pc growth: Togo
Top News

2012 budget sees 4.5pc growth: Togo

LOME: Togo's economy is forecast to grow by 4.5 percent next year, according to the government's proposed budget, which
Published 18 Nov, 2011 01:21pm
LHC issues notice for 15th
Top News

LHC issues notice for 15th

RECORDER REPORT LAHORE: Lahore High Court here Thursday issued notice for December 15 in a contempt of court proceedi
Published 18 Nov, 2011 05:52am
Aitzaz denies joining of PTI
Pakistan

Aitzaz denies joining of PTI

RECORDER REPORT LAHORE: The PPP stalwart Barrister Aitzaz Ahsan has denied joining of Pakistan Tehrik-e-Insaf (PTI).
Published 18 Nov, 2011 05:47am
NA adopts law curbing oil & gas theft
Top News

NA adopts law curbing oil & gas theft

NAVEED BUTT ISLAMABAD: The National Assembly Thurs-day passed "The Criminal Law (Amendment) Bill, 2011" already appro
Published 18 Nov, 2011 05:36am
Weekly inflation falls by 1.12pc
Top News

Weekly inflation falls by 1.12pc

ISLAMABAD: The Sensitive Price Indicator (SPI) for the week ended on November 17, for the lowest income group was up to
Published 18 Nov, 2011 05:30am
Shares weighed by debt fears
Top News

Shares weighed by debt fears

LONDON: The euro rose on Friday as pressure on Spanish and Italian bonds eased after the European Central Bank stepped i
Published 18 Nov, 2011 04:54am
Thailand's flood crisis and the economy
Top News

Thailand's flood crisis and the economy

BANGKOK: Thailand's worst floods in 50 years have killed 594 people and devastated industry in the centre of the country
Published 18 Nov, 2011 04:47am
Australia tells China not to interfere
Top News

Australia tells China not to interfere

SYDNEY: Foreign Minister Kevin Rudd has assured China the boosting of US troops on Australian soil was not directed at B
Published 18 Nov, 2011 04:06am
Italian military plane crashes off Dubai
Top News

Italian military plane crashes off Dubai

DUBAI: An Italian military training aircraft heading home from the Dubai air show crashed into the sea on Friday off the
Published 18 Nov, 2011 04:00am
Sad demise mourned well!?
BR Research

Sad demise mourned well!?

Pakistan International Airline continues to disappoint its stakeholders be they passengers, shareholders or the government.
Published 18 Nov, 2011 12:00am
T-bill yields signal status quo
BR Research

T-bill yields signal status quo

Study of market behaviour in Treasury-bill auctions provides a quick and easy formula to examine two vital indicators: interest rate directi
Published 18 Nov, 2011 12:00am
New York cotton settles lower

New York cotton settles lower

Cotton futures settled down the daily limit on Thursday on investor liquidation as weak demand and fear over a global recession which hit other financial markets depressed fibre contracts, analysts said. The spot December cotton contract on ICE Futures US
Published 18 Nov, 2011 12:00am
Powers pressure Iran and IAEA chief 'alerts world'

Powers pressure Iran and IAEA chief 'alerts world'

Major powers closed ranks on Thursday to increase pressure on Iran to address fears about its atomic ambitions, and the UN nuclear chief said it was his duty to "alert the world" about suspected Iranian efforts to develop atom bombs. The six powers involv
Published 18 Nov, 2011 12:00am
Russia stands by Assad as pressure mounts on Syria

Russia stands by Assad as pressure mounts on Syria

Russia stood by President Bashar al-Assad on Thursday as Arab and Western countries sought to pile pressure on the Syrian leader to halt a violent crackdown on his opponents. The Arab League has suspended Syria and given it until the end of the week to co
Published 18 Nov, 2011 12:00am
Middle-class areas shrinking in US

Middle-class areas shrinking in US

The number of middle-income neighbourhoods in the United States has dwindled significantly over the past 40 years, as the rich-poor divide deepens across the country, a study released Wednesday showed. In 2007, nearly a third of American families - 31 per
Published 18 Nov, 2011 12:00am
Hungary isotope laboratory likely radioactive source: IAEA

Hungary isotope laboratory likely radioactive source: IAEA

Hungary believes the source of low levels of radioactive iodine detected in Europe over the past few weeks was probably an isotope maker in Budapest, the UN nuclear agency said on Thursday. Hungary's nuclear authority told the International Atomic Energy
Published 18 Nov, 2011 12:00am
China's spacecraft comes back

China's spacecraft comes back

China's unmanned spacecraft Shenzhou VIII returned to Earth on Thursday, state media reported, after completing two space dockings that have pushed forward the nation's ambitious space programme. The vessel's re-entry module landed in the northern region
Published 18 Nov, 2011 12:00am
Asean gambles on Myanmar's regional leadership

Asean gambles on Myanmar's regional leadership

Southeast Asian nations endorsed Myanmar on Thursday for the chairmanship of its regional grouping in 2014, gambling that the isolated country can stick to reforms begun this year that could lead it out of half a century of isolation.
Published 18 Nov, 2011 12:00am
Air passengers 'forced' to pay pilots to complete trip

Air passengers 'forced' to pay pilots to complete trip

Passengers on board a flight from the Indian city of Amritsar said Thursday they were forced to collect money on board the plane to fund the remainder of their trip back to Britain. Those on board said they were "held to ransom" for six hours on the runwa
Published 18 Nov, 2011 12:00am
New chief for Libya's revamped national army

New chief for Libya's revamped national army

Commanders who defected from Muammar Qadhafi's armed forces in the heat of the civil uprising named a new chief on Thursday, presenting the new Libyan authorities with a done-deal. Some 150 officers and sub-officers, gathered in the eastern city of Al-Bai
Published 18 Nov, 2011 12:00am
Court orders ailing Khmer Rouge defendant freed

Court orders ailing Khmer Rouge defendant freed

The only female Khmer Rouge leader charged with genocide at Cambodia's UN-backed war crimes court is unfit to stand trial and should be freed from detention, judges said Thursday in a shock decision.
Published 18 Nov, 2011 12:00am
Former Rwandan mayor gets 15 years

Former Rwandan mayor gets 15 years

The UN war crimes tribunal for Rwanda found former mayor Gregoire Ndahimana guilty of genocide and crimes against humanity on Thursday for planning the slaughter of more than 2,000 Tutsi refugees in 1994. "The chamber ... found Ndahimana guilty of genocid
Published 18 Nov, 2011 12:00am
Two British troops killed in Afghan bomb

Two British troops killed in Afghan bomb

Two British soldiers were killed on Thursday when a roadside bomb hit their armoured vehicle in southern Afghanistan, the defence ministry in London said. The soldiers from the 1st The Queen's Dragoons Guards were on a security patrol in the Yakchal regio
Published 18 Nov, 2011 12:00am
Anti-graft rules ban lavish gifts for EU lawmakers

Anti-graft rules ban lavish gifts for EU lawmakers

Europe's lawmakers will no longer be able to accept generous gifts and will have to declare second jobs under new rules agreed in the European Parliament on Thursday, months after reports exposed conflicts of interest at the powerful body.
Published 18 Nov, 2011 12:00am
Money markets: Funding stresses increase

Money markets: Funding stresses increase

Signs of bank funding stress grew on Thursday as the eurozone sovereign debt crisis seeped deeper into countries such as France and markets looked to the European Central Bank to take more dramatic action Italian bonds yields held above 7 percent despite
Published 18 Nov, 2011 12:00am
Europe woes weigh on Asian trade

Europe woes weigh on Asian trade

Emerging Asian currencies were mixed on Thursday as worries of the deepening Europe crisis with differences of opinion on the European central bank's bond buying were offset by support from short-covering triggered by the euro's rebound. The South Korean
Published 18 Nov, 2011 12:00am
Indian rupee reverses gains

Indian rupee reverses gains

The Indian rupee reversed all early gains to end weaker on Thursday as domestic equities tumbled and as the euro fell on fears of a deepening eurozone crisis and the risk it poses to global economic growth. The partially convertible rupee ended at 50.9050
Published 18 Nov, 2011 12:00am
Australian and New Zealand dollars rise

Australian and New Zealand dollars rise

The Australian and New Zealand dollars found a tentative footing on Thursday, after slipping to multi-week lows on the dollar and yen when fear Europe's debt crisis would widen fed a bid for safe-havens like government debt. The Australian dollar dropped
Published 18 Nov, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 76.55-76.56 (previous 76.50-76.53). Call Money Rates: 7.00/12.00 percent (previous 07.00-15.00 percent).
Published 18 Nov, 2011 12:00am
Euro falls to five-week low

Euro falls to five-week low

The euro fell to five-week lows against the dollar and yen on Wednesday as rising French and Italian borrowing costs heightened concerns about contagion in the eurozone debt crisis. The European Central Bank's purchase of Italian and Spanish bonds brought
Published 18 Nov, 2011 12:00am
Early trade in New York: Euro edges higher

Early trade in New York: Euro edges higher

The euro edged higher from a five-week low against the dollar on Thursday after bond yields in some of the heavily indebted eurozone countries eased from extreme levels, but gains were likely short-lived on fears the debt crisis is spreading. US data show
Published 18 Nov, 2011 12:00am
Euro slips versus dollar, yen in London

Euro slips versus dollar, yen in London

The euro slipped back towards five-week lows against the dollar and the yen on Thursday, undermined by soaring yields at a Spanish bond auction that fuelled concerns about debt contagion and drove investors to safe-haven currencies. Spain paid more to sel
Published 18 Nov, 2011 12:00am
Euro pares losses in Asia

Euro pares losses in Asia

The euro trimmed its losses after hitting five-week lows versus both the dollar and the yen on Thursday as bond market turmoil spread across Europe, but market players were still bracing for further weakness in coming weeks. Investors were also nervously
Published 18 Nov, 2011 12:00am
Sterling rises

Sterling rises

Sterling rose against the dollar on Thursday after unexpectedly strong UK retail sales data provided some rare good news on the economy, although the figures did little to alter the overall view that the outlook remained grim. The pound rose to as high as
Published 18 Nov, 2011 12:00am
Yuan down

Yuan down

The yuan closed down slightly against the dollar on Thursday after the People's Bank of China set a weaker mid-point, while the dollar index also hit a fresh one-month high. Dealers said they expected the yuan could hover around recent levels for a while
Published 18 Nov, 2011 12:00am
FTSE falls

FTSE falls

Britain's top share index retreated on Thursday, with nervous investors ditching riskier assets such as banks and retailers, as corporates showed signs of stress in the face of the intensifying debt contagion in Europe. London's blue chip index shed 85.88
Published 18 Nov, 2011 12:00am
Australian shares rise

Australian shares rise

Australian shares rose 0.3 percent on Thursday, propped up by gains in top miners and some banks and retailers, though volumes were low as concern grows that governments in Europe may be unable to contain the eurozone debt crisis. France and Germany clash
Published 18 Nov, 2011 12:00am
Taiwan stocks flat

Taiwan stocks flat

Taiwan stocks ended flat in cautious trading on Thursday, but DRAM maker Powerchip surged amid investor hopes for a cut in supplies as the industry struggled with heavy losses. The main TAIEX index closed unchanged at 7,387.81. Powerchip, Taiwan's biggest
Published 18 Nov, 2011 12:00am
European shares tumble

European shares tumble

European shares hit their lowest close in six weeks on Thursday on concerns a debt crisis in the eurozone could spiral out of control after Spain and France paid a higher price at their debt auctions. The FTSEurofirst 300 index of top European shares ende
Published 18 Nov, 2011 12:00am
Hong Kong, China shares stay lower

Hong Kong, China shares stay lower

Hong Kong shares fell for the third straight session on Thursday on thin volumes as growing contagion fears from Europe's debt crisis pulled down shares of mainland property firms and banks. Utility and telecom firms, seen less sensitive to an economic do
Published 18 Nov, 2011 12:00am
Seoul shares post solid gains

Seoul shares post solid gains

Seoul shares finished 1.1 percent higher on Thursday after volatile trade, lifted by rises in technology issues and shipyards, but gains may not be sustainable amid persistent doubts about the eurozone's stability, analysts said. "Frankly, there are not m
Published 18 Nov, 2011 12:00am
Eurozone fears, stock losses boost Treasuries

Eurozone fears, stock losses boost Treasuries

US Treasuries prices rose on Wednesday as stock market losses and fear Europe's debt crisis would widen fed a bid for safe-haven US government debt. Higher borrowing costs for European nations added to fear Europe would be dragged into a recession, one th
Published 18 Nov, 2011 12:00am
Eurozone fears, stock losses boost Treasuries

Eurozone fears, stock losses boost Treasuries

US Treasuries prices rose on Wednesday as stock market losses and fear Europe's debt crisis would widen fed a bid for safe-haven US government debt. Higher borrowing costs for European nations added to fear Europe would be dragged into a recession, one th
Published 18 Nov, 2011 12:00am
US stocks fall

US stocks fall

US stocks fell on Wednesday, with selling accelerating late in the session on more warnings about the potential impact of the eurozone's debt crisis on the global economy and the banking system. Worries about growth weighed on sensitive sectors like finan
Published 18 Nov, 2011 12:00am
Thursday's early afternoon trade: Wall Street drops

Thursday's early afternoon trade: Wall Street drops

US stocks fell sharply in early afternoon on Thursday as nervous investors bailed out of the market, after the S&P 500 broke a key technical level. There was no clear trigger for the sell-off. A number of sources cited talk about lack of progress in talks
Published 18 Nov, 2011 12:00am
Nikkei steadies

Nikkei steadies

The Nikkei stock average steadied on Thursday ahead of data which could show the US economy is weathering Europe's debt storm, but the 8,500 level remained elusive amid fears of what news might come next out of the eurozone. Embattled Olympus Corp closed
Published 18 Nov, 2011 12:00am
Indian shares drop

Indian shares drop

Indian shares dropped 1.9 percent on Thursday to post their lowest close in six weeks, as investors cut their exposure to risky assets amid concerns about the impact of high interest rates and slowing economic growth on corporate earnings. The benchmark i
Published 18 Nov, 2011 12:00am
South East Asian markets: Malaysia, Singapore fall for third day

South East Asian markets: Malaysia, Singapore fall for third day

Southeast Asian stock markets pulled lower on Thursday, led by commodities-related stocks and financials as short-term traders cashed in quick gains because of the eurozone debt crisis, which risks damaging global growth. Losses in the emerging region wer
Published 18 Nov, 2011 12:00am
Prices rebound on cotton market

Prices rebound on cotton market

With higher advices being received from the New York cotton futures (ICE) market, some demand from local exporters for a range of cotton styles from lower grades to higher quality lint and offtake reported for yarns - albeit in retail proportions - Pakist
Published 18 Nov, 2011 12:00am
Prices rebound on cotton market

Prices rebound on cotton market

With higher advices being received from the New York cotton futures (ICE) market, some demand from local exporters for a range of cotton styles from lower grades to higher quality lint and offtake reported for yarns - albeit in retail proportions - Pakist
Published 18 Nov, 2011 12:00am
Spot rate raised to Rs 5,700 on rising demand on cotton market

Spot rate raised to Rs 5,700 on rising demand on cotton market

KCA Official spot rate was sharply higher on the cotton market on Thursday as mills, spinners and exporters were active in forward buying of cotton, dealers said. The Karachi Cotton Association (KCA) official spot rate was raised by Rs 200 to Rs 5,700, th
Published 18 Nov, 2011 12:00am
Oil cake market rates

Oil cake market rates

The December vaida and January vaida were inert on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The December contract that had ended at Rs 1308.10 opened at the same rate. The January contract which ended at Rs 11
Published 18 Nov, 2011 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Wednesday as a pickup in farmer selling brought on commercial hedges and weaker US grains set a negative tone, traders said. Market underpinned by stronger MATIF rapeseed. January canola futures slipped $2.20 to $526.80
Published 18 Nov, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 20,501 tonnes of cargo comprising 19,057 tonnes of import cargo and 1,444 tonnes of export cargo including 456 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 19,057 tonnes
Published 18 Nov, 2011 12:00am
US Midwest corn, soya bids steady to firm

US Midwest corn, soya bids steady to firm

Spot basis bids for corn and soyabeans were mostly steady to firm around the US Midwest on Wednesday as country sales of each crop remained light and harvests neared completion, grain merchants said. * Bids for both commodities were firm on the Illinois R
Published 18 Nov, 2011 12:00am
High rates keep trade restricted on grain market

High rates keep trade restricted on grain market

Modest business was seen on the wholesale grain market on Thursday as most of the buyers preferred to be on sidelines mainly because of higher trend in the prices, dealers said. On the cereal side makai low type lost Rs 125 to Rs 2250 and the best type al
Published 18 Nov, 2011 12:00am
HRW wheat bids steady

HRW wheat bids steady

Hard red winter wheat basis bids were steady on Thursday in mostly routine dealings. Railcars were plentiful, even as wheat movement out of the country picks up. Declining temperatures through the Plains should help push new-crop wheat into dormancy.
Published 18 Nov, 2011 12:00am
India's gold imports to surpass 1,000 tonnes

India's gold imports to surpass 1,000 tonnes

India's gold imports could hit a new high in 2011 at over 1,000 tonnes, according to World Gold Council (WGC) figures, as demand in the world's biggest consumer recovers from the third-quarter when record prices and erratic markets deterred buyers. India'
Published 18 Nov, 2011 12:00am
Greeks protest as France, Spain face squeeze

Greeks protest as France, Spain face squeeze

Greek police clashed with anti-austerity protesters and Italy announced sweeping reforms in response to a European debt crisis that on Thursday pushed borrowing costs for France and Spain sharply higher. More than 30,000 Greeks took to the streets of Athe
Published 18 Nov, 2011 12:00am
India lifts foreign limits in government, corporate bonds

India lifts foreign limits in government, corporate bonds

India has raised the ceiling on foreign institutional investment in government and corporate bonds by $5 billion each, a finance ministry official said on Thursday, to help boost foreign inflows after the existing limits were almost reached.
Published 18 Nov, 2011 12:00am
India lifts foreign limits in government, corporate bonds

India lifts foreign limits in government, corporate bonds

India has raised the ceiling on foreign institutional investment in government and corporate bonds by $5 billion each, a finance ministry official said on Thursday, to help boost foreign inflows after the existing limits were almost reached.
Published 18 Nov, 2011 12:00am
UBS slashes investment bank, cuts profit targets

UBS slashes investment bank, cuts profit targets

Swiss bank UBS said it would cut 2,000 investment bank jobs by 2016 as it slashes risky assets by almost half in a shift of focus back to the core business of managing the assets of the world's wealthy. At an annual investor event, UBS set a new return-on
Published 18 Nov, 2011 12:00am
UBS slashes investment bank, cuts profit targets

UBS slashes investment bank, cuts profit targets

Swiss bank UBS said it would cut 2,000 investment bank jobs by 2016 as it slashes risky assets by almost half in a shift of focus back to the core business of managing the assets of the world's wealthy. At an annual investor event, UBS set a new return-on
Published 18 Nov, 2011 12:00am
Fears of recession grow as UK consumer morale sinks

Fears of recession grow as UK consumer morale sinks

There were growing fears that the UK is heading back into recession on Thursday as a survey showed consumer confidence fell to a record low last month and British Gas owner Centrica issued a profit warning. There was more grim news from UK retailers with
Published 18 Nov, 2011 12:00am
UK sells Northern Rock to Virgin Money

UK sells Northern Rock to Virgin Money

Britain has agreed to sell nationalised lender Northern Rock to Virgin Money, the banking arm of Richard Branson's Virgin empire, in a loss-making deal that marks the start of the government's exit from banks it bailed out in the 2008 crisis. The disposal
Published 18 Nov, 2011 12:00am
Indonesia's Lion Air to buy 230 Boeing 737s

Indonesia's Lion Air to buy 230 Boeing 737s

Indonesia's Lion Air has agreed to buy 230 Boeing 737 aircraft with a list price of $21.7 billion, the White House said Thursday, touting the sale as the US firm's biggest-ever commercial order. The deal was announced soon after President Barack Obama tou
Published 18 Nov, 2011 12:00am
Jobs, housing data bolster US growth outlook

Jobs, housing data bolster US growth outlook

New US claims for jobless benefits hit a seven-month low last week and permits for future home construction rebounded strongly in October, the latest data to suggest the economy was gaining traction. The improving economic picture was spoiled somewhat by
Published 18 Nov, 2011 12:00am
'Occupy' protesters clash with New York traders, police

'Occupy' protesters clash with New York traders, police

Occupy Wall Street activists clashed Thursday with workers and police outside the New York Stock Exchange on the movement's two-month anniversary, in a brazen manifestation of their symbolic anti-capitalist push. As hundreds linked hands to block access t
Published 18 Nov, 2011 12:00am
IMF replaces European director as debt crisis boils

IMF replaces European director as debt crisis boils

The International Monetary Fund replaced its European Director with a powerful, well-connected, insider on Wednesday in a sign the global lender is setting a more forceful course of action in dealing with the European crisis. The global lender named Reza
Published 18 Nov, 2011 12:00am
Nigeria fines British Airways, Virgin Atlantic

Nigeria fines British Airways, Virgin Atlantic

Nigerian airport officials have fined British Airways $135 million and Virgin Atlantic $100 million amid a dispute over ticket prices, the country's civil aviation authority said Thursday. Harold Demuren, head of the authority, told AFP the fines were "$1
Published 18 Nov, 2011 12:00am
China police in multi-million-dollar fake drug bust

China police in multi-million-dollar fake drug bust

Chinese police said Thursday they had seized two-billion-yuan ($315-million) worth of counterfeit drugs and packaging in nationwide raids on fake medicine, the second such bust in recent weeks. Police arrested 1,770 suspects and broke up more than 1,400 d
Published 18 Nov, 2011 12:00am
Third ODI begins Pakistan aim to overcome mistakes

Third ODI begins Pakistan aim to overcome mistakes

Pakistan captain Misbah-ul Haq hopes his team can learn from its mistakes and show improvement in the third one-day international against Sri Lanka on Friday. Pakistan won the first of five matches by eight wickets last week but allowed Sri Lanka to level
Published 18 Nov, 2011 12:00am
FIFA to pilot anti-doping programme

FIFA to pilot anti-doping programme

FIFA announced on Thursday that they will conduct a pilot study ahead of next month's Club World Cup in Japan which will see all participating clubs taking part in random doping controls. Players from Barcelona, Santos and the five other clubs competing i
Published 18 Nov, 2011 12:00am
Indonesia close in on century of golds

Indonesia close in on century of golds

Indonesia inched closer to a century of golds at the Southeast Asian Games Thursday as the hosts tightened their hold on the medals table hours ahead of a key grudge match against bitter rivals Malaysia. Vietnam had earlier cut the deficit with Indonesia,
Published 18 Nov, 2011 12:00am
Blatter must go over racism comments: UK minister

Blatter must go over racism comments: UK minister

Britain's sports minister led calls for FIFA president Sepp Blatter to resign on Thursday after the global football supremo played down the extent of racism in the sport. Hugh Robertson said Blatter's position as head of world football was no longer tenab
Published 18 Nov, 2011 12:00am
USA beat Italy in volleyball

USA beat Italy in volleyball

The United States ended defending champions Italy's match-winning streak on Thursday as the two teams secured their top three places to qualify for the London Olympics next year. The Americans pulled off a 25-23, 25-15, 22-25, 25-21 victory for a 9-1 win-
Published 18 Nov, 2011 12:00am
Turkey name Avci as Hiddink's replacement

Turkey name Avci as Hiddink's replacement

The Turkish Football Federation named Abdullah Avci as the replacement for former national team coach Guus Hiddink, the federation said on its website Thursday. Hiddink's contract was terminated on Wednesday by mutual agreement with the federation. The Du
Published 18 Nov, 2011 12:00am
India win series

India win series

Pragyan Ojha and Ravichandran Ashwin shared four wickets as India beat a resilient West Indies by an innings and 15 runs in the second Test to clinch the series at Eden Gardens in Kolkata on Thursday. The West Indies were bowled out for 463 in their secon
Published 18 Nov, 2011 12:00am
Australia hopes soar as South Africa collapse

Australia hopes soar as South Africa collapse

Australia's hopes of levelling the series soared as South Africa suffered a batting collapse on the first day of the second and final Test at the Wanderers Stadium here on Thursday. South Africa were bowled out for 266, losing their last six wickets for 2
Published 18 Nov, 2011 12:00am
Director, Sidat Hyder Morshed Associates (Pvt) Limited

Director, Sidat Hyder Morshed Associates (Pvt) Limited

On behalf of the HR Consulting Division at Sidat Hyder Morshed Associates, I thank you all for the patronage and support extended to us over the years for making Best Practices Day a great success. As Event Managers, Sidat Hyder feels immense pleasure at
Published 18 Nov, 2011 12:00am
Managing Director

Managing Director

It all began in the year 1967; the year which saw the advent of a biscuit company. But no clairvoyant had predicted that it would be "this" very biscuit company which would go on to become the country's leading manufacturer of biscuits and cookies.
Published 18 Nov, 2011 12:00am
The Decade of BPD: Celebrations in Karachi

The Decade of BPD: Celebrations in Karachi

Best Practices Day, our annual corporate event initiated in 2002, has provided a platform for organisations to promote an atmosphere of "learning through sharing" best practices, ideas, experiences and success stories of the 'Best in Class Companies' acro
Published 18 Nov, 2011 12:00am
Executive coaching and counselling

Executive coaching and counselling

The task of the professional is not one of fitting redesigned solutions to fixed problems but one of artful inquiry, flexible problem setting, and disciplined but creative design.
Published 18 Nov, 2011 12:00am
Best Practices Day 2011: Key Themes

Best Practices Day 2011: Key Themes

This year, some of the major functional areas in which experts may share their best practices during the one-day conference, may include but not be limited to:
Published 18 Nov, 2011 12:00am
Best Practices and Good Governance - An EBM way of life

Best Practices and Good Governance - An EBM way of life

A lot has happened both in Pakistan and in the world in the last one year. Unfortunately most of it has been negative. World poverty, environmental degradation and civil strife have all increased. In this volatile scenario, the corporate sector's role in
Published 18 Nov, 2011 12:00am
Message from Consul General in Karachi

Message from Consul General in Karachi

Praise to ALLAH for the great blessings and abundant graces, the creator and mastermind, for all his benefits for peace and harmony, and for our creation. Peace and blessings be upon the last of the apostles and prophets, and on his family and companions.
Published 18 Nov, 2011 12:00am
His Majesty Sultan Qaboos Bin Said - A wise leader

His Majesty Sultan Qaboos Bin Said - A wise leader

In 1970, Oman had little physical or administrative infrastructure, and Sultan Qaboos faced the formidable task of turning a backward, impoverished country into a powerful modern state. A communist-backed uprising had erupted in Oman's southern Dhofar pro
Published 18 Nov, 2011 12:00am
A day of pride and honour

A day of pride and honour

The National Day, November 18, marks the day of honour and pride to all Omanis for being residents of this beautiful land. November 18, is the day of expressing tribute to our benevolent leader His Majesty Sultan Qaboos for his great efforts to make Oman
Published 18 Nov, 2011 12:00am
Message from Head of ACCA Pakistan

Message from Head of ACCA Pakistan

On behalf of ACCA, the global body for professional accountants, I am delighted to welcome you to this vitally important high level forum. This unique and exciting event intends to surface the challenges facing business and in particular the accountancy p
Published 18 Nov, 2011 12:00am
Message from ACCA President

Message from ACCA President

Businesses face a range of risks in the 21st century - with regulation and compliance and cost cuffing regularly seen as the biggest sources of concern. Perhaps less often discussed is the need for businesses to achieve sustainable value - and the role of
Published 18 Nov, 2011 12:00am
Message from ACCA Chief Executive

Message from ACCA Chief Executive

This forum has an important role to play because it is inevitable that businesses of all shapes and sizes, in sectors of all different kinds, and in countries all over the world will at some point experience times of financial difficulty.
Published 18 Nov, 2011 12:00am
ABOUT THE EVENT

ABOUT THE EVENT

The event emphasises the need for discussion around business accountability and assurance provision challenges presented to the accountancy profession by the new business environment, talent management, revolutionising professional education and developme
Published 18 Nov, 2011 12:00am
RISK AND REWARD - SHARED PERSPECTIVES

RISK AND REWARD - SHARED PERSPECTIVES

Risk and reward - shared perspectives is a collection of 11 individual essays discussing different aspects of the overriding theme of corporate responsibility and ethics. For our discussion at the Global Forum Pakistan 2011 our focus is on one aspect ie M
Published 18 Nov, 2011 12:00am
US debt tops $15 trillion mark

US debt tops $15 trillion mark

The US government's debt load topped the $15 trillion mark Wednesday, as politicians in Congress continued to battle over how to cut spending. Treasury figures showed the burden of federal borrowing on the shoulders of the American public reached $15,033,
Published 18 Nov, 2011 12:00am
MAXIMISING PEOPLE POWER - EFFECTIVE TALENT MANAGEMENT IN FINANCE

MAXIMISING PEOPLE POWER - EFFECTIVE TALENT MANAGEMENT IN FINANCE

ACCA recognises the value that effective finance functions can bring to every organisation. Whether in times of economic growth, recession or gradual recovery, finance professionals need to provide the information required by managers to make strategic de
Published 18 Nov, 2011 12:00am
US debt tops $15 trillion mark

US debt tops $15 trillion mark

The US government's debt load topped the $15 trillion mark Wednesday, as politicians in Congress continued to battle over how to cut spending. Treasury figures showed the burden of federal borrowing on the shoulders of the American public reached $15,033,
Published 18 Nov, 2011 12:00am
EXPERT OPINIONS

EXPERT OPINIONS

Maximising People Power- effective talent management in finance "Even during economic downturn companies should invest in Human Capital. By up scaling the workforce an organisation can create operational surplus and may positively influence the profitabil
Published 18 Nov, 2011 12:00am
US debt tops $15 trillion mark

US debt tops $15 trillion mark

The US government''s debt load topped the $15 trillion mark Wednesday, as politicians in Congress continued to battle over how to cut spending. Treasury figures showed the burden of federal borrowing on the shoulders of the American public reached $15,033
Published 18 Nov, 2011 12:00am
SPONSORS: PEPSICO INTERNATIONAL LIMITED

SPONSORS: PEPSICO INTERNATIONAL LIMITED

PepsiCo International Ltd is intricately linked towards the development of the corporate sector in Pakistan as we were one of the first multinationals to start operations in Pakistan in 1967. On the beverages side, PepsiCo follows a franchise model and to
Published 18 Nov, 2011 12:00am
SPEAKERS

SPEAKERS

Muhammad Uzair, director internal audit, Tourism Promotion Services (Pakistan) Ltd Tahir Jawaid, vice president human resource and public affairs, Engro Corporation Ltd Jehan Ara, president, P@SHA
Published 18 Nov, 2011 12:00am
Wapda paying $9.49 million monthly rent to three RPPs

Wapda paying $9.49 million monthly rent to three RPPs

The Supreme Court (SC) was told on Thursday that Wapda had been paying a monthly rent of $9.49 million to three Rental Power Projects (RPPs) - Karkey, Reshma and Gulf. The SC directed the counsel for Reshma Power Plant to deposit outstanding amount of two
Published 18 Nov, 2011 12:00am
New York cotton

New York cotton

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

Published 18 Nov, 2011 12:00am
Wapda paying $9.49 million monthly rent to three RPPs

Wapda paying $9.49 million monthly rent to three RPPs

The Supreme Court (SC) was told on Thursday that Wapda had been paying a monthly rent of $9.49 million to three Rental Power Projects (RPPs) - Karkey, Reshma and Gulf. The SC directed the counsel for Reshma Power Plant to deposit outstanding amount of two
Published 18 Nov, 2011 12:00am
New York cotton

New York cotton

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

Published 18 Nov, 2011 12:00am
Wapda paying $9.49 million monthly rent to three RPPs

Wapda paying $9.49 million monthly rent to three RPPs

The Supreme Court (SC) was told on Thursday that Wapda had been paying a monthly rent of $9.49 million to three Rental Power Projects (RPPs) - Karkey, Reshma and Gulf. The SC directed the counsel for Reshma Power Plant to deposit outstanding amount of two
Published 18 Nov, 2011 12:00am
Arab unrest: perspectives - XLVI

Arab unrest: perspectives - XLVI

"[B]ashar should learn from the examples provided by Jordan, Turkey, and even Morocco, in which Islamist parties were integrated into the system through elections, turning out to be much more pragmatic than many had anticipated. He should also avoid the A
Published 18 Nov, 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 18 Nov, 2011 12:00am
Arab unrest: perspectives - XLVI

Arab unrest: perspectives - XLVI

"[B]ashar should learn from the examples provided by Jordan, Turkey, and even Morocco, in which Islamist parties were integrated into the system through elections, turning out to be much more pragmatic than many had anticipated. He should also avoid the A
Published 18 Nov, 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 18 Nov, 2011 12:00am
Index loses 79.35 points

Index loses 79.35 points

The KSE-100 index on Thursday declined by 79.35 points and closed at the level of 11,913.42 points with extremely low volumes. The index witnessed a highly volatile activity throughout the session with oscillating between 12,025.02 points intra-day high a
Published 18 Nov, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (November 17, 2011).

Published 18 Nov, 2011 12:00am
Index loses 79.35 points

Index loses 79.35 points

The KSE-100 index on Thursday declined by 79.35 points and closed at the level of 11,913.42 points with extremely low volumes. The index witnessed a highly volatile activity throughout the session with oscillating between 12,025.02 points intra-day high a
Published 18 Nov, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (November 17, 2011).

Published 18 Nov, 2011 12:00am
Index loses 79.35 points

Index loses 79.35 points

The KSE-100 index on Thursday declined by 79.35 points and closed at the level of 11,913.42 points with extremely low volumes. The index witnessed a highly volatile activity throughout the session with oscillating between 12,025.02 points intra-day high a
Published 18 Nov, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (November 17, 2011).

Published 18 Nov, 2011 12:00am
BRIndex30 down by 71.71 points

BRIndex30 down by 71.71 points

On Thursday, BRIndex30 opened at 9,229.32. It touched an intraday high of 9,231.21 and an intraday Low of 9,150.06 and closed at 9,157.61 which was -71.71 points or -0.78 percent lower than previous close. Total volume was 20,728,400, which was 72.32 perc
Published 18 Nov, 2011 12:00am
BRIndex30 down by 71.71 points

BRIndex30 down by 71.71 points

On Thursday, BRIndex30 opened at 9,229.32. It touched an intraday high of 9,231.21 and an intraday Low of 9,150.06 and closed at 9,157.61 which was -71.71 points or -0.78 percent lower than previous close. Total volume was 20,728,400, which was 72.32 perc
Published 18 Nov, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (November 17, 2011).

Published 18 Nov, 2011 12:00am
CJP administers oath to new Supreme Court judges

CJP administers oath to new Supreme Court judges

An oath-taking ceremony of the newly appointed judges of Supreme Court of Pakistan was held on Thursday here. Chief Justice Iftikhar Muhammad Chaudhry administered the oath to Justice Ejaz Afzal Khan, Justice Ijaz Ahmad Chaudhry, Justice Gulzar Ahmed and
Published 18 Nov, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (November 17, 2011).
Published 18 Nov, 2011 12:00am
CJP administers oath to new Supreme Court judges

CJP administers oath to new Supreme Court judges

An oath-taking ceremony of the newly appointed judges of Supreme Court of Pakistan was held on Thursday here. Chief Justice Iftikhar Muhammad Chaudhry administered the oath to Justice Ejaz Afzal Khan, Justice Ijaz Ahmad Chaudhry, Justice Gulzar Ahmed and
Published 18 Nov, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (November 17, 2011).

Published 18 Nov, 2011 12:00am
Foreign investment falls 58.4 percent in July-October

Foreign investment falls 58.4 percent in July-October

Direct and portfolio foreign investment in Pakistan fell 58.4 percent in the first four months of the 2011/12 fiscal year (July-October) to $238.1 million, the central bank said on Thursday. Investment totalled $571.8 million in the same period last year.
Published 18 Nov, 2011 12:00am
Foreign investment falls 58.4 percent in July-October

Foreign investment falls 58.4 percent in July-October

Direct and portfolio foreign investment in Pakistan fell 58.4 percent in the first four months of the 2011/12 fiscal year (July-October) to $238.1 million, the central bank said on Thursday. Investment totalled $571.8 million in the same period last year.
Published 18 Nov, 2011 12:00am
Foreign investment falls 58.4 percent in July-October

Foreign investment falls 58.4 percent in July-October

Direct and portfolio foreign investment in Pakistan fell 58.4 percent in the first four months of the 2011/12 fiscal year (July-October) to $238.1 million, the central bank said on Thursday. Investment totalled $571.8 million in the same period last year.
Published 18 Nov, 2011 12:00am
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