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Archive - 2011-11-27
Arab League imposes sanctions on Syria
Top News

Arab League imposes sanctions on Syria

CAIRO: Arab states voted on Sunday to impose economic sanctions on Syria immediately following President Bashar al-Assad
Published 27 Nov, 2011 04:12pm
Makhdoom Shah Mehmood Qureshi joins PTI
Top News

Makhdoom Shah Mehmood Qureshi joins PTI

GHOTKI: Former foreign minister, Makhdoom Shah Mehmood Qureshi on Sunday formally announced joining Pakistan Tehreek-e-I
Published 27 Nov, 2011 04:11pm
Iraq signs final $17bn Shell gas deal
Top News

Iraq signs final $17bn Shell gas deal

BAGHDAD: Iraq signed a final $17 billion deal with Royal Dutch Shell and Mitsubishi on Sunday to capture flared gas at s
Published 27 Nov, 2011 03:29pm
Solo exhibition opens
Arts

Solo exhibition opens

LAHORE: A solo exhibition 'Section Yellow' by Bani Abidi in collaboration with the Green Cardamom gallery, London, was i
Published 27 Nov, 2011 12:33pm
Chehlum of Begum Nusrat Bhutto observed
Top News

Chehlum of Begum Nusrat Bhutto observed

LARKANA: The Chehlum of `Madar-i-Jamhoriat' late Begum Nusrat Bhutto was observed on Sunday. Qurani Khawani and "Fateha
Published 27 Nov, 2011 10:52am
LCCI for another policy rate cut
Top News

LCCI for another policy rate cut

RECORDER REPORT LAHORE: Lahore Chamber of Commerce and Industry (LCCI) has urged State Bank of Pakistan to make anoth
Published 27 Nov, 2011 06:47am
CJP constitutes four benches
Top News

CJP constitutes four benches

ISLAMABAD: Chief Justice of Pakistan Iftikhar Muhammad Chaudhry has constituted four benches at the Principal seat to he
Published 27 Nov, 2011 06:26am
Security demanded for Afaq
Pakistan

Security demanded for Afaq

RECORDER REPORT KARACHI: Mohajir Qaumi Movement (Haqiqi) on Saturday demanded of the government to ensure foolproof s
Published 27 Nov, 2011 06:09am
Imran condemns Nato strike
Top News

Imran condemns Nato strike

RECORDER REPORT PESHAWAR: The Chairman of Pakistan Tehreek-e-Insaf, Imran Khan, has strongly condemned the Nato helic
Published 27 Nov, 2011 05:50am
Kausar condemns Nato attack
Top News

Kausar condemns Nato attack

RECORDER REPORT PESHAWAR: Governor Khyber Pakhtunkhwa Barrister Masood Kausar on Saturday strongly condemned the NATO
Published 27 Nov, 2011 05:40am
Embassy alerts US citizens
Top News

Embassy alerts US citizens

ALI HUSSAIN ISLAMABAD: The United States Embassy in Islamabad on Saturday alerted Americans in Pakistan to be vigilan
Published 27 Nov, 2011 05:39am
Decision to end loadshedding in industrial areas lauded

Decision to end loadshedding in industrial areas lauded

Chairman Korangi Association of Trade and Industry (KATI) Ehteshamuddin has appreciated Governor of Sindh Dr Ishrat-ul-Ebad Khan and Federal Minister for Petroleum Dr Asim Husain efforts to end loadshedding in industrial areas.
Published 27 Nov, 2011 12:00am
'Zulfiqar Mirza stabbed PPP in the back'

'Zulfiqar Mirza stabbed PPP in the back'

Senior Education Minister Pir Mazharul Haq on Saturday said Sindh's former Home Minister Dr Zulfiqar Mirza stabbed Pakistan People's Party (PPP) in the back at the behest of enemies. "Nobody can decide the fate of people in Sindh," he said while speaking
Published 27 Nov, 2011 12:00am
LEAs arrest 35 suspects

LEAs arrest 35 suspects

Law Enforcement Agencies (LEA) on Saturday claimed to have arrested 35 suspects in separate raids at various parts of the city. According to police sources, heavy contingent of police and rangers cordoned off Dawood regency and its other surroundings situ
Published 27 Nov, 2011 12:00am
Asfandyar calls on Zardari

Asfandyar calls on Zardari

President Awami National Party (ANP) Asfandyar Wali Khan called on President Asif Ali Zardari at the Aiwan-e-Sadr on Saturday. Current political situation and coalition matters were discussed during the meeting. Senator Zahid Khan was also present during
Published 27 Nov, 2011 12:00am
'Industries to face no loadshedding in December'

'Industries to face no loadshedding in December'

Sindh Governor Dr Ishratul Ibad Khan said on Saturday that there will be no loadshedding for industrial units in the city except on four Sundays in the month of December. Addressing a hurriedly called press conference alongwith Minister for Petroleum and
Published 27 Nov, 2011 12:00am
Muharram security plan for Sindh reviewed

Muharram security plan for Sindh reviewed

Another high level meeting was held Saturday at the Central Police Office to review the security plans for Muharramul Harram here and elsewhere in the province. The IGP directed the police to check all new occupants of the rented houses, guesthouses and h
Published 27 Nov, 2011 12:00am
Light rain expected in Malakand, Quetta

Light rain expected in Malakand, Quetta

The Met Office on Saturday said that light rain was expected to fall in some parts of Malakand and Quetta divisions and Gilgit-Baltistan in the next 24 hours. It says foggy/misty conditions would however continue to prevail in plains of Punjab, Khyber Puk
Published 27 Nov, 2011 12:00am
Fate of our children

Fate of our children

On the eve of Universal Children's Day, Malala Yousufzai did more for the children of Pakistan than anything the authorities could have done. The teenager, all of thirteen years, gave them hope. Malala secured nomination along with four other contestants
Published 27 Nov, 2011 12:00am
Unending distress in Balochistan

Unending distress in Balochistan

In a yet another case of suspected extra-judicial killings, two bodies were found dumped in the Aap Sar area of Turbat this week and identified as those of the Baloch Republican Party (BRP) central information secretary, Jalil Reki, who belonged to Quetta
Published 27 Nov, 2011 12:00am
Fiction in fiscal laws

Fiction in fiscal laws

Taxation, traditionally taken as a means of raising revenue, is no longer considered to be just a tool for extracting money from the subjects. With the concept of 'state' and the functions it must perform having undergone a change, governmental interactio
Published 27 Nov, 2011 12:00am
Eastern Europe is losing its shine for Austria's banks

Eastern Europe is losing its shine for Austria's banks

As the debt crisis makes itself felt across Central and Eastern Europe, Austrian banks heavily exposed to the region are increasingly getting nervous. Raiffeisen Bank International (RBI), for instance, is already contemplating a partial retreat. "It is qu
Published 27 Nov, 2011 12:00am
Entertainment news

Entertainment news

The purpose of the broadcast media is to educate and entertain people. The media is called the fourth pillar of the state. The Pakistani media has improved a lot in a very short time. However, some aspects of this scenario need to be reviewed. The enterta
Published 27 Nov, 2011 12:00am
E-governance to be introduced in Khyber Pakhtunkhwa transport department

E-governance to be introduced in Khyber Pakhtunkhwa transport department

Khyber Pakhtunkhwa government has decided to launch e-governance at the provincial transport department for bringing transparency and purging corruption from the existing system, said provincial minister for transport, Mian Iftikhar Hussain while addressi
Published 27 Nov, 2011 12:00am
Smeda, PDMA sign MoU for various projects worth Rs 251 million

Smeda, PDMA sign MoU for various projects worth Rs 251 million

Small & Medium Enterprises Development Authority (Smeda) on Saturday signed a Memorandum of Understanding (MoU) with Provincial Disaster Management Authority (PDMA) for execution of legal and economic empowerment project worth Rs 251 million in more than
Published 27 Nov, 2011 12:00am
Condolence

Condolence

Mother of Malik Rehman, resident of Sadiqabad and newsagent of Business Recorder died of protracted illness here on Saturday. Her Namaz-e-Janaza will be held today (Sunday). All the staff of the newspaper conveyed their heartfelt condolence on her
Published 27 Nov, 2011 12:00am
Nokia launches extended warranty programme

Nokia launches extended warranty programme

Nokia Care Protect, extended warranty offer was launched at a local hotel. Adding to consumer convenience, Nokia Care Protect is an extended warranty that can be purchased for nominal charges and offers mobile phone warranty service for additional 12-mont
Published 27 Nov, 2011 12:00am
Imran condemns Nato strike

Imran condemns Nato strike

The Chairman of Pakistan Tehreek-e-Insaf, Imran Khan, has strongly condemned the Nato helicopter's attack on Salala check post in the Mohmand Agency which resulted in the death of 20 security personnel. He termed it an insane and 'immoral brutality'. A pr
Published 27 Nov, 2011 12:00am
Kausar condemns Nato attack

Kausar condemns Nato attack

Governor Khyber Pakhtunkhwa Barrister Masood Kausar on Saturday strongly condemned the Nato's air attack on a military check-post in Mohmand tribal region and termed it an attack on Pakistan's sovereignty. The incident was being taken very seriously, he s
Published 27 Nov, 2011 12:00am
Electronic media told to observe sanctity of Muharram

Electronic media told to observe sanctity of Muharram

The Pakistan Electronic Media Regulatory Authority (Pemra) in its circular issued on Friday has directed all its electronic media stakeholders to duly observe the sanctity of the holy month of Muharram-ul-Haram. The directives issued by the Chairman of Pe
Published 27 Nov, 2011 12:00am
Under 10 students on trips: LHC moved to restrain schools

Under 10 students on trips: LHC moved to restrain schools

A bar member has approached the Lahore High Court (LHC) praying to restrain all the schools from taking under 10 students out of city for trips. The petitioner Azhar Saddique submitted that the incident at Kallar Kahar had caused deaths of more than 37 ci
Published 27 Nov, 2011 12:00am
Special security arrangements made for Zakireen, Ulema

Special security arrangements made for Zakireen, Ulema

Police have made special security arrangements for Zakireen and Ulema during Muharram-ul-Haram Majalis and will remain high alert. Foolproof security arrangements are being made at women Majalis with the help of Ladies Police. City Traffic Police will als
Published 27 Nov, 2011 12:00am
Railways to earn Rs 1.15 billion through 'business train' yearly

Railways to earn Rs 1.15 billion through 'business train' yearly

Pakistan Railway will earn Rs 1.15 billion per year by its 'business train' and international standard facilities will be provided to the passengers. Four Brothers International Private Limited has invested 225.786 million to bring substantive changes to
Published 27 Nov, 2011 12:00am
Microsoft to launch surface technology in Pakistan

Microsoft to launch surface technology in Pakistan

Microsoft will launch latest state-of-the-art surface technology in Pakistan on December 14, 2011, said Platform Group Manager, Microsoft Pakistan Tahir Masood while addressing a seminar on "Microsoft Developer Network Academic Alliance (MSDNAA)" jointly
Published 27 Nov, 2011 12:00am
39 selected for nursing training course

39 selected for nursing training course

The nursing school administration of Lahore General Hospital has selected 39 applicants for three-year nursing training course. All the selected candidates are FSc passed whose names will be announced on Monday (tomorrow) on the first merit list.
Published 27 Nov, 2011 12:00am
Minister shows support to protesting nurses

Minister shows support to protesting nurses

Federal Information Minister, Dr Firdous Ashiq Awan here on Saturday showed unison with nurses in front of Lahore Press Club. She said their demands including pay raise needs to be fulfilled. Provincial minister, Rana Sanaullah, also held a meeting with t
Published 27 Nov, 2011 12:00am
Commecs College organises Interclass quiz competition

Commecs College organises Interclass quiz competition

Commecs College organised the Interclass Quiz Competition on Thursday November 24, 2011. Syed Javed Raza Naqvi, renowned Quiz Master, graced the occasion as the Chief Guest, while Mirza Iqbal Baig, Senior Journalist, TV anchor and Sports Commentator, was
Published 27 Nov, 2011 12:00am
Gas supply remains suspended in Faisalabad for third consecutive day

Gas supply remains suspended in Faisalabad for third consecutive day

The gas supply to 600 industrial units and 380 CNG stations remained suspended for three consecutive days, on Saturday, as a result a large number of industrial workers most of them daily wagers became jobless for three days. Sui Northern Gas Pipelines Li
Published 27 Nov, 2011 12:00am
Implementation of court order Mall Road traders approach LHC

Implementation of court order Mall Road traders approach LHC

The Mall Road Traders have approached the Lahore High Court (LHC) for implementation of the court order, which banned protests on The Mall. The petitioner Babar Meer stated that nurses have been holding frequent protests on The Mall and keeping the road b
Published 27 Nov, 2011 12:00am
Jamaat-i-Islami condemns Nato attack

Jamaat-i-Islami condemns Nato attack

Ameer, Jamaat-i-Islami, Syed Munawar Hasan has strongly condemned the firing by Nato helicopters on Salala Check Post, at Mohmand Agency near Pak-Afghan border and expressed his profound grief over the martyrdom of Pakistan security personnel. He termed t
Published 27 Nov, 2011 12:00am
Muharram arrangements: Ulema urged to create sectarian harmony

Muharram arrangements: Ulema urged to create sectarian harmony

Divisional Commissioner Tahir Hussain has urged upon the Ulema of all sects to forge unity among their ranks and sincere efforts should continue for strengthening the sentiments of religious harmony and brotherhood during Muharram ul Harram.
Published 27 Nov, 2011 12:00am
FMD & PPR animal diseases threat to livelihoods, food security

FMD & PPR animal diseases threat to livelihoods, food security

FMD & PPR animal diseases present in the Central Punjab and in the other cattle markets of the country are a constant threat to the livelihoods and food security of the about 35 millions families of farmers and the general public of the region but also a
Published 27 Nov, 2011 12:00am
LCCI for another policy rate cut

LCCI for another policy rate cut

Lahore Chamber of Commerce and Industry (LCCI) has urged State Bank of Pakistan to make another 150-200 basis points cut in policy rate in the third monetary policy, likely to be announced on November 30. Further cut in the policy rate would help revive b
Published 27 Nov, 2011 12:00am
PEF conducts pre-QAT

PEF conducts pre-QAT

As many as 35 thousand students of 372 private schools took part in the pre quality assurance test (pre-QAT) of the Punjab Education Foundation (PEF) for partnership under Foundation Assisted Schools (FAS) programme in Multan city on Saturday. According t
Published 27 Nov, 2011 12:00am
'Foolproof security to be ensured for women Majalis'

'Foolproof security to be ensured for women Majalis'

Capital City Police Officer (CCPO) Ahmad Raza Tahir has directed that foolproof security arrangements should be made, especially, at women Majalis with the help of lady police. He also ordered City Traffic Police to make sure that if any road was temporar
Published 27 Nov, 2011 12:00am
UK to plough 600 million pounds into new schools

UK to plough 600 million pounds into new schools

Britain plans to spend an extra 600 million pounds on so-called "free schools" outside municipal control over the next three years, the country's Finance Ministry said on Saturday. Free schools are the flagship education policy of the Conservative-Liberal
Published 27 Nov, 2011 12:00am
Russia launches Chinese satellite

Russia launches Chinese satellite

A Russian Proton-M rocket completed the successful launch on Saturday of an advanced Chinese communications satellite that should help expand television coverage in parts of Southeast Asia. The Roscosmos space agency said the AsiaSat 7 satellite was place
Published 27 Nov, 2011 12:00am
Chavez delivers $2.3 billion to poor

Chavez delivers $2.3 billion to poor

President Hugo Chavez on Friday unveiled a massive subsidy for poor families that will cost Venezuela $2.3 billion just in 2012, when he will seek re-election for a third six-year term. The social assistance funds include allotments of $100 a month for ev
Published 27 Nov, 2011 12:00am
Protests confront nuclear waste train in Germany

Protests confront nuclear waste train in Germany

Thousands of German anti-nuclear protesters mobilised Friday against a train carrying radioactive nuclear waste from France that has already sparked violent opposition. The train with 11 wagons of reprocessed German nuclear waste crossed the Franco-German
Published 27 Nov, 2011 12:00am
Media bias helped Gambia's Jammeh win election: AU

Media bias helped Gambia's Jammeh win election: AU

Gambian President Yahya Jammeh benefited from a strong media bias and greater financial resources than his rivals to secure a new five-year term in elections, the African Union said on Saturday. Former military coup leader Jammeh scored a landslide 72 per
Published 27 Nov, 2011 12:00am
16 killed in Iraq

16 killed in Iraq

Bomb and gun attacks in central Iraq killed at least 16 people and wounded more than 20 others on Saturday, security officials and a doctor said. The latest attacks came two days after triple blasts killed 19 people in the southern port city of Basra.
Published 27 Nov, 2011 12:00am
New Zealand Prime Minister wins second term

New Zealand Prime Minister wins second term

New Zealand Prime Minister John Key won a second term Saturday, with voters in no mood for change after a tumultuous year marked by a devastating earthquake and glory in the Rugby World Cup. Key's centre-right National Party fell just short of an outright
Published 27 Nov, 2011 12:00am
Iran Quds Force chief defies US, says ready to die

Iran Quds Force chief defies US, says ready to die

The chief of Iran's elite Quds Force says he doesn't fear US threats of assassination and is ready for 'martyrdom', warning Washington of serious consequences if it does not stop threatening the Islamic Republic. The comments by Quds Force commander Briga
Published 27 Nov, 2011 12:00am
Police ban Congo rallies as election tensions flare

Police ban Congo rallies as election tensions flare

Police in the Congolese capital Kinshasa banned all campaign rallies on Saturday after rival supporters hurled rocks at each other and at least one person was reported dead as tensions rose two days before presidential and parliamentary elections.
Published 27 Nov, 2011 12:00am
Three dead after Italy migrant boat capsizes

Three dead after Italy migrant boat capsizes

Three people were found dead on Saturday after a sail boat with around 60 migrants on board capsized near the port of Brindisi off the coast of south-east Italy, ANSA news agency reported citing rescuers. The report said "around a dozen bodies" had been s
Published 27 Nov, 2011 12:00am
Egypt unrest casts shadow over polls

Egypt unrest casts shadow over polls

Egyptian protesters demanding an end to army rule clashed with police firing tear gas in central Cairo on Saturday in a flare-up that cast another shadow over a parliamentary election billed as the nation's first free vote in decades. Two days of voting b
Published 27 Nov, 2011 12:00am
Israel threatens to cut off power, water to Gaza

Israel threatens to cut off power, water to Gaza

Israel warned on Saturday that it would cut the supply of water and electricity to the Gaza Strip if rival Palestinian movements Fatah and Hamas form a unity government. "The foreign ministry is examining the possibility of Israel pulling out of the Gaza
Published 27 Nov, 2011 12:00am
Thousands of women in anti-violence march

Thousands of women in anti-violence march

Thousands of women Friday marched in nations across Central America to raise awareness about the dangers of domestic violence, a crime that has cost the lives of hundreds in the region this year. About 2,000 protesters marched through the centre of Guatem
Published 27 Nov, 2011 12:00am
Libya displays Roman treasures looted by Qadhafi troops

Libya displays Roman treasures looted by Qadhafi troops

Forces loyal to Muammar Qadhafi stole ancient Roman artefacts when they fled Tripoli, bundled them into sacks and planned to sell them abroad, Libya's new rulers said on Saturday as they displayed the haul for the first time since its recovery.
Published 27 Nov, 2011 12:00am
Three killed in Yemen clashes

Three killed in Yemen clashes

Three people were killed in north Yemen on Saturday when Shia Muslim rebels shelled positions held by Sunni Islamist Salafi fighters after the collapse of a week-old ceasefire, a Salafi spokesman said. The conflict between the Shia Houthi rebels and the S
Published 27 Nov, 2011 12:00am
Berlin to keep troops in Afghanistan after Nato withdrawal

Berlin to keep troops in Afghanistan after Nato withdrawal

Germany will keep troops in Afghanistan after Nato forces leave the country at the end of 2014, German Defence Minister Thomas de Maiziere told the Bild am Sonntag paper in an interview to be published Sunday. Troops remaining would concentrate on the tra
Published 27 Nov, 2011 12:00am
Sri Lanka storm kills 14

Sri Lanka storm kills 14

Heavy rains and gale force winds have killed at least 14 people and left more than 30 fishermen mising in southern Sri Lanka, officials said Saturday. Disaster Management centre officials said a total of 14 people were confirmed dead while another 30 were
Published 27 Nov, 2011 12:00am
West Indies deny India clean sweep

West Indies deny India clean sweep

West Indies snatched a thrilling draw with the scores level to deny India a series clean sweep on the final day of the third Test on Saturday. Needing two runs off the final ball, the last wicket pair of Ravichandran Ashwin and Varun Aaron could manage on
Published 27 Nov, 2011 12:00am
Misbah hopes Pakistan continue good run in Bangladesh

Misbah hopes Pakistan continue good run in Bangladesh

Pakistan captain Misbah-ul Haq on Saturday hoped his team continued their winning streak during the tour of Bangladesh starting next week, after whitewashing Sri Lanka in all three formats of the game. Pakistan beat Sri Lanka in the one-off Twenty20 inter
Published 27 Nov, 2011 12:00am
Federer reaches World Tour final

Federer reaches World Tour final

Defending champion Roger Federer overcame some dogged resistance by Spain's David Ferrer to reach the final of the ATP World Tour Finals on Saturday, winning 7-5 6-3 at the O2 Arena. The Swiss, bidding for a record sixth title at the Tour finale, needed
Published 27 Nov, 2011 12:00am
Zaheer in, Harbhajan out for Australian tour

Zaheer in, Harbhajan out for Australian tour

India recalled fragile pace spearhead Zaheer Khan on Saturday for the Australia tour pending a fitness test, but continued to ignore seasoned spinner Harbhajan Singh. Mahendra Singh Dhoni will lead the 17-man squad with Virender Sehwag as his deputy for t
Published 27 Nov, 2011 12:00am
Man United stutter in pursuit of leaders City

Man United stutter in pursuit of leaders City

Manchester United missed the chance to make significant inroads into Manchester City's lead at the top of the Premier League after stumbling to a 1-1 draw against Newcastle United at Old Trafford on Saturday. United, who led through Javier Hernandez's ear
Published 27 Nov, 2011 12:00am
Women Cup qualifier final: West Indies defeat Pakistan

Women Cup qualifier final: West Indies defeat Pakistan

West Indies women cricket team on Saturday beat Pakistan by 130 runs in the ICC World Cup qualifier final here. Pakistan women team have already qualified for the ICC's Women World Cup 2013 after showing outstanding performances in the event. West Indies
Published 27 Nov, 2011 12:00am
Warner, three new pacemen in Australian squad

Warner, three new pacemen in Australian squad

Big-hitting opener David Warner is set to make his Test debut after being named Saturday along with three new fast bowlers in an injury-ravaged Australian squad to take on New Zealand. Warner, who is best known for his explosive batting in shorter forms o
Published 27 Nov, 2011 12:00am
Soviet champion weightlifter dies

Soviet champion weightlifter dies

Super heavyweight lifter Vasily Alekseyev, who dominated the sport throughout the 1970s and set 80 world records for the Soviet Union, has died. He was 69. The Russian weightlifting federation confirmed the death Friday of Alekseyev, describing him as "on
Published 27 Nov, 2011 12:00am
LatAm currencies volatile on Europe concern

LatAm currencies volatile on Europe concern

Brazil's real whipsawed in afternoon trading on Friday, as further negative developments in the euro-zone debt crisis and low trading volumes kept volatility high. Pressure has continued to build on the euro zone as talks by the heads of Germany, France a
Published 27 Nov, 2011 12:00am
African currencies outlook

African currencies outlook

Ghana's cedi may slip to an all-time low next week due to elevated dollar demand ahead of Christmas, while firm year-end remittance flows should help east Africa's shillings maintain their broad recovery from this year's record slide.
Published 27 Nov, 2011 12:00am
Euribor rates keep rising as interbank tension grows

Euribor rates keep rising as interbank tension grows

Key euro-priced bank-to-bank lending rates continued to rise on Friday, as tension in the money market and banks' reluctance to lend to each other grew due to the euro zone's intensifying debt crisis. Spiralling fears about the financial health of Greece
Published 27 Nov, 2011 12:00am
Swiss franc tracks euro lower

Swiss franc tracks euro lower

The Swiss franc fell against the dollar, tracking a weakening euro amid signs of increasing stress in euro zone money markets as the single currency slipped to its lowest level in seven weeks against the dollar. The franc held on to solid gains against th
Published 27 Nov, 2011 12:00am
Euro loses versus dollar for fourth straight week

Euro loses versus dollar for fourth straight week

The euro fell to its lowest in more than seven weeks against the US dollar on Friday and was poised to weaken further after a disappointing Italian bond auction stoked fears the euro zone crisis was deepening. Italy paid a record 6.5 percent to borrow mon
Published 27 Nov, 2011 12:00am
Canadian dollar slips past seven-week low

Canadian dollar slips past seven-week low

Canada's dollar on Friday sank to its weakest against the US dollar in more than seven weeks on growing anxiety that the euro debt crisis could lead to a break-up of the currency bloc. Investors were rattled by word that Italy paid a record 6.5 percent to
Published 27 Nov, 2011 12:00am
Fresh dollar funding strains bode ill for euro

Fresh dollar funding strains bode ill for euro

An increasingly difficult search for dollar funding by euro zone financial institutions will gradually push the euro lower but only a major event such as a sovereign default or a break-up of the currency bloc would trigger a precipitous fall.
Published 27 Nov, 2011 12:00am
Wall Street suffers worst week in two months

Wall Street suffers worst week in two months

US stocks posted seven straight sessions of losses on Friday, ending the worst week in two months, as the lack of a credible solution to Europe's debt crisis kept investors away from risky assets. Wall Street traded higher for most of the abbreviated sess
Published 27 Nov, 2011 12:00am
Chow Tai Fook seeks up to $2.83 billion in Hong Kong IPO

Chow Tai Fook seeks up to $2.83 billion in Hong Kong IPO

Chow Tai Fook Jewellery Group Ltd could raise up to $2.83 billion, which would be the biggest Hong Kong initial public offering of the year, tapping volatile equity markets to fund the purchase of diamonds and gold and pay down debt. The Hong Kong-based c
Published 27 Nov, 2011 12:00am
Bond prices fall in profit-taking from recent gains

Bond prices fall in profit-taking from recent gains

US Treasuries prices fell on Friday as investors booked profits from a late-day rally Wednesday amid speculation the European Central Bank (ECB) may intervene to stem contagion in the troubled eurozone. Treasuries weakened even as Italy paid a record 6.5
Published 27 Nov, 2011 12:00am
Bond prices fall in profit-taking from recent gains

Bond prices fall in profit-taking from recent gains

US Treasuries prices fell on Friday as investors booked profits from a late-day rally Wednesday amid speculation the European Central Bank (ECB) may intervene to stem contagion in the troubled eurozone. Treasuries weakened even as Italy paid a record 6.5
Published 27 Nov, 2011 12:00am
Japanese bonds slip

Japanese bonds slip

Japanese government bond prices slipped on Friday on profit-taking and as weakness in German bonds spooked some investors, pushing the benchmark yield to its highest in over three weeks. German bonds dropped after a failed auction on Wednesday, making som
Published 27 Nov, 2011 12:00am
Japanese bonds slip

Japanese bonds slip

Japanese government bond prices slipped on Friday on profit-taking and as weakness in German bonds spooked some investors, pushing the benchmark yield to its highest in over three weeks. German bonds dropped after a failed auction on Wednesday, making som
Published 27 Nov, 2011 12:00am
Sri Lankan shares rebound

Sri Lankan shares rebound

Sri Lanka's stock market closed down 1.04 percent on Friday, bouncing back after an erroneously entered trade triggered a panic selloff that forced a 30-minute trading halt when the sensitive Milanka Price Index dropped more than 5 percent. Investors dump
Published 27 Nov, 2011 12:00am
Turkish lira weakens; shares up

Turkish lira weakens; shares up

The Turkish lira closed 1.2 percent weaker against the dollar and bond yields rose nearly 20 basis points on Friday as markets remained sceptical over the central bank's strategy with rising European borrowing costs fuelling global risk aversion.
Published 27 Nov, 2011 12:00am
ADR report: foreign shares up, led by Japanese manufacturers

ADR report: foreign shares up, led by Japanese manufacturers

Foreign shares traded in the United States rose on Friday, supported by gains by Japanese companies. Japanese car manufacturers like Toyota Motor and electronics maker Sony were among the top gainers as "Black Friday," the traditional beginning of the US
Published 27 Nov, 2011 12:00am
TSX hits near two-month low

TSX hits near two-month low

Toronto's main stock index hit a near two-month low on Friday as resource-related issues fell after eurozone debt downgrades and as another poor showing for Italian and German bond sales sparked fears about the European economy. A slew of bad news from Eu
Published 27 Nov, 2011 12:00am
Latam stocks fall as eurozone worries weigh

Latam stocks fall as eurozone worries weigh

Latin American stocks fell on Friday in thin trading that ended a disappointing week as European leaders failed to ease concerns about a widening sovereign debt crisis. The MSCI Latin American stock index slipped 1.4 percent to mark its tenth straight los
Published 27 Nov, 2011 12:00am
Indian bond yields off highs

Indian bond yields off highs

Indian federal bond yields retraced from the day's highs on Friday as bargain hunting crept in after results of a 130-billion-rupee bond ($2.5 billion) auction, while expectations of more buybacks also gained ground. The yield on the new benchmark 10-year
Published 27 Nov, 2011 12:00am
Indian bond yields off highs

Indian bond yields off highs

Indian federal bond yields retraced from the day's highs on Friday as bargain hunting crept in after results of a 130-billion-rupee bond ($2.5 billion) auction, while expectations of more buybacks also gained ground. The yield on the new benchmark 10-year
Published 27 Nov, 2011 12:00am
Thomas Cook gets new credit line from banks

Thomas Cook gets new credit line from banks

Thomas Cook, Europe's second biggest travel group, said Friday it had reached a new deal with banks for access to £200 million ($310 million, 232 million euros) of funding until April 2013. The British firm's stock plunged earlier this week after it said
Published 27 Nov, 2011 12:00am
Reliance, Bharti call off talks on insurance purchase

Reliance, Bharti call off talks on insurance purchase

Indian energy giant Reliance Industries said Friday it had abandoned talks with Bharti Enterprises to buy out its 74 percent stakes in two insurance joint ventures with France's AXA. The companies had given no value for the proposed deal but analysts said
Published 27 Nov, 2011 12:00am
Denmark aims for 100 percent renewable energy in 2050

Denmark aims for 100 percent renewable energy in 2050

Danish government proposals on Friday called for sourcing just over half of its electricity from wind turbines by 2020 and all of its energy from renewable sources in 2050. The government also invited the parties in parliament to negotiations on the propo
Published 27 Nov, 2011 12:00am
Japan's Azumi will not hesitate to respond to FX moves

Japan's Azumi will not hesitate to respond to FX moves

Japan will not hesitate to respond to speculative currency moves to shield exporters from a strong yen, its finance minister said on Friday, as he expressed frustration with European inaction on containing its debt crisis. Unless European leaders detail h
Published 27 Nov, 2011 12:00am
Zorlu in talks for around $1 billion financing

Zorlu in talks for around $1 billion financing

Turkish energy-to-electronics company Zorlu Group is in advanced talks with international banks on securing around $1 billion in financing, sources close to the deal told Reuters. They said Zorlu's talks with banks were for two financing packages in the a
Published 27 Nov, 2011 12:00am
Romanian government approves austerity 2012 budget

Romanian government approves austerity 2012 budget

Romania's centrist coalition government approved a cost-cutting 2012 budget on Friday in line with commitments made under an International Monetary Fund-led aid agreement, Prime Minister Emil Boc said. Bucharest completed a 20 billion euro bailout earlier
Published 27 Nov, 2011 12:00am
Brazilian miner Vale to invest about $19 billion in 2012

Brazilian miner Vale to invest about $19 billion in 2012

Brazil's Vale, the world's second largest mining company, plans to invest about $19 billion in 2012, a sharp decline from the $24 billion planned for 2011, a local newspaper website said late on Friday, citing unnamed sources. The new capital expenditure
Published 27 Nov, 2011 12:00am
First repatriated gold shipment lands in Venezuela

First repatriated gold shipment lands in Venezuela

Amid wild celebrations, a first shipment of gold bars arrived home in Venezuela on Friday after President Hugo Chavez ordered almost all the country's foreign bullion reserves be repatriated from Western banks. Excited crowds lined the roadside waving big
Published 27 Nov, 2011 12:00am
WHO links child mortality to economic crisis

WHO links child mortality to economic crisis

The World Health Organisation warned on Saturday that only a stronger political commitment to child health could prevent a dangerous rise in mortality rates at a time of global economic turmoil. WHO Director General Margaret Chan told the opening of a mat
Published 27 Nov, 2011 12:00am
US opening formal probe into GM Volt fire risk

US opening formal probe into GM Volt fire risk

US auto safety regulators are opening a formal investigation into fire risks in General Motors' Volt vehicles, the National Highway Traffic Safety Administration said on Friday. The NHTSA said it was taking the action after recreation this month of a May
Published 27 Nov, 2011 12:00am
Foreigners pour record amount into Mexican debt

Foreigners pour record amount into Mexican debt

Mexico attracted record investment in government bonds in the first nine months of the year as foreigners, unnerved by debt woes in Europe and the United States, sought alternatives. Investors put $24.1 billion to work in the government fixed income marke
Published 27 Nov, 2011 12:00am
Data of over 13 million subscribers hacked in South Korea

Data of over 13 million subscribers hacked in South Korea

South Korea's communications regulator said on Saturday that personal information of more than 13 million subscribers of a popular online game of Nexon Korea Corp, a leading game developer in the country, had been leaked in a hacking attack. The Korea Com
Published 27 Nov, 2011 12:00am
BlackBerry organiser could face jail after crush

BlackBerry organiser could face jail after crush

An event organiser involved in a BlackBerry smart phones discount promotion that led to a crush injuring three people was being held in police custody for suspected negligence, police said Saturday. "We brought him for an investigation shortly after the c
Published 27 Nov, 2011 12:00am
Olympus whistleblower heads to US for FBI talks

Olympus whistleblower heads to US for FBI talks

Michael Woodford, the ousted chief executive of Olympus, left Tokyo on Saturday for New York, where he will meet US investigators about the Japanese camera maker's cover-up of huge losses. During a four-day stay in Tokyo, the Briton met police, public pro
Published 27 Nov, 2011 12:00am
Germany slams Barroso joint bonds as 'irresponsible'

Germany slams Barroso joint bonds as 'irresponsible'

German Vice Chancellor Philipp Roesler on Saturday called a proposal by the European Commission last week for joint debt issuance "irresponsible" and said Berlin will remain firm in its rejection of eurozone bonds. Roesler, also Economy Minister, said in
Published 27 Nov, 2011 12:00am
Germany slams Barroso joint bonds as 'irresponsible'

Germany slams Barroso joint bonds as 'irresponsible'

German Vice Chancellor Philipp Roesler on Saturday called a proposal by the European Commission last week for joint debt issuance "irresponsible" and said Berlin will remain firm in its rejection of eurozone bonds. Roesler, also Economy Minister, said in
Published 27 Nov, 2011 12:00am
UK considering re-writing union laws

UK considering re-writing union laws

Britain's government could change trade union laws to curb workers' ability to strike, a minister was quoted in the Daily Telegraph newspaper as saying on Saturday, days before the biggest walk-out in decades is due to take place. Talks between public sec
Published 27 Nov, 2011 12:00am
AT&T to offer bigger asset sale to save T-Mobile deal

AT&T to offer bigger asset sale to save T-Mobile deal

AT&T Inc is considering an offer to divest a significantly larger portion of assets than it had initially expected, in order to salvage its $39 billion deal to buy T-Mobile USA, Bloomberg reported citing a person familiar with the plan. Bloomberg said the
Published 27 Nov, 2011 12:00am
Belgium budget deal clears way to government formation

Belgium budget deal clears way to government formation

Belgian political parties negotiating a coalition agreement reached a deal on the 2012 budget on Saturday, clearing the last major obstacle to the formation of a new government more than 18 months after elections were held. The deal came hours after ratin
Published 27 Nov, 2011 12:00am
Developing economies see no escape from coal

Developing economies see no escape from coal

Concrete towers rise over the African bush, as the continent's largest coal-fired power station takes shape in a multi-billion-dollar testament to developing nations' love affair with coal. South Africa, like China and India, has large domestic coal suppl
Published 27 Nov, 2011 12:00am
Minor fluctuations in modest trade on grain market

Minor fluctuations in modest trade on grain market

Prices moved both ways on the wholesale grain market on Saturday amid modest trading, dealers said. On the cereal side makai inferior type was higher by Rs 125 to Rs 2225 while the best type retained the overnight level at Rs 2250, wheat old and new Barda
Published 27 Nov, 2011 12:00am
FOB Gulf grain remains flat in thin trading

FOB Gulf grain remains flat in thin trading

Export premiums were flat for corn, soybeans and wheat at the US Gulf Coast on Friday as trading came to a near standstill following Thursday's US Thanksgiving holiday. Many brokers and traders took the day off or left shortly after the close of the abbre
Published 27 Nov, 2011 12:00am
KCBT wheat basis steady in thin dealings

KCBT wheat basis steady in thin dealings

Hard red winter wheat basis bids held steady on Friday in thin dealings following the Thanksgiving Day holiday. Markets were closed on Thursday for Thanksgiving. Farmer selling stayed slow and dealers said they did not expect producers to look for active
Published 27 Nov, 2011 12:00am
Argentina says rains delay planting of 2011-12 soya

Argentina says rains delay planting of 2011-12 soya

Heavy rains in Argentina delayed the planting of 2011/12 soya over the last week, but the moisture was expected to help speed plantings over the days ahead, the government said in a weekly report on Friday. Farmers had planted 56 percent of the 19 million
Published 27 Nov, 2011 12:00am
US Midwest corn and soya bids flat

US Midwest corn and soya bids flat

Spot basis bids for corn and soyabeans held steady in the US Midwest interior on Friday, underpinned by an absence of farmer offerings, dealers said. Some grain offices were closed as part of an extended US Thanksgiving weekend. Grain markets at the Chica
Published 27 Nov, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 127,559 tonnes of cargo including 91,477 tonnes of import, 36,082 tonnes of export cargo and 5,671 loaded and empty containers (TEUs) during the last 24 hours of business activities ended at 0700 hours on Saturday. The total impor
Published 27 Nov, 2011 12:00am
US corn futures fall

US corn futures fall

US corn futures fell on the Chicago Board of Trade for a second day in a holiday-shortened session on Friday on "risk aversion" trade as concerns about the euro zone crisis lifted the dollar, traders said. Spot December corn fell to $5.80-1/2, the lowest
Published 27 Nov, 2011 12:00am
North Korea faces 414,000 tonnes of grains deficit

North Korea faces 414,000 tonnes of grains deficit

North Korea is facing a grains deficit of 414,000 tonnes this year despite improved crops after the government only partially provided for grain import cover, the United Nations' food agencies said on Friday. North Korea's cereal import requirement this y
Published 27 Nov, 2011 12:00am
Mexican farmers suffer worst drought in 70 years

Mexican farmers suffer worst drought in 70 years

Mexico is being battered its worst drought in seven decades, which has devastated farm life and is expected to continue into next year. The lack of rainfall has affected almost 70 percent of the country and northern states like Coahuila, San Luis Potosi,
Published 27 Nov, 2011 12:00am
Ukraine exports 1.6 million tonnes of grain in November

Ukraine exports 1.6 million tonnes of grain in November

Ukraine exported about 1.6 million tonnes of grain November 1-23, mostly maize, analyst ProAgro said on Friday. The consultancy said the volume included 1.2 million tonnes of maize, 311,000 tonnes of wheat and 14,000 tonnes of barley. Ukraine exported mai
Published 27 Nov, 2011 12:00am
PCGA moot to seek TCP intervention to halt decline in cotton prices

PCGA moot to seek TCP intervention to halt decline in cotton prices

No major change was seen in present outlook on the cotton market on Saturday as ginners and growers adopted cautious attitude towards new deals, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 5,200, they said.
Published 27 Nov, 2011 12:00am
Oil cake market rates

Oil cake market rates

The December vaida was down and the January contract was unchanged on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The December contract that had ended at Rs 1307.90 opened with a fall of 40 paisa to 1307.50. The
Published 27 Nov, 2011 12:00am
Ceylon raw rubber slips on Jodia Bazaar

Ceylon raw rubber slips on Jodia Bazaar

The trading in Ceylon raw rubber edged down on Jodia Bazaar here on Saturday. The following changes were noted. CEYLON RAW RUBBER (Per lb): RSSV ended lower by Rs 65 to Rs 165 and Pale Crape TPC3 moved downward by Rs 70 to Rs 200. LATEX: Merrytax (28 kg)
Published 27 Nov, 2011 12:00am
IN SHORT: World market price for upland cotton

IN SHORT: World market price for upland cotton

The US Agriculture Department set the prevailing world market price for upland cotton at 80.70 cents per lb, effective through December 1. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton. The next announ
Published 27 Nov, 2011 12:00am
IN SHORT: Indonesia considers more rice imports

IN SHORT: Indonesia considers more rice imports

Indonesia may issue additional rice import permits for November until the end of February 2012, a trade ministry official said on Friday, a week after state procurement agency Bulog said it had finished buying the staple grain for the year. Indonesian gov
Published 27 Nov, 2011 12:00am
IN SHORT: Brazil's northeast churns out record cane crop

IN SHORT: Brazil's northeast churns out record cane crop

Boosted by plentiful rain, Brazil's north-east is reaping a record sugarcane crop, while output declines in the main center-south region, industry officials and analysts said. The use of new more robust cane varieties and an expansion of irrigated areas a
Published 27 Nov, 2011 12:00am
IN SHORT: Japan October rolled copper output down 11.5 percent

IN SHORT: Japan October rolled copper output down 11.5 percent

Japan's output of rolled copper product plunged 11.5 percent in October from a year earlier to 64,318 tonnes on a seasonally adjusted basis due to sluggish demand from the chip and electronics sectors, an industry body said on Friday. That marked a fourth
Published 27 Nov, 2011 12:00am
IN SHORT: Rubber price shouldn't drop below $3.0-3.5/kg

IN SHORT: Rubber price shouldn't drop below $3.0-3.5/kg

Rubber prices, which have almost halved this year, should find support at $3.0 to $3.5 per kg over the medium term, helped by a seasonal fall in supply plus possible intervention by the Thai government, dealers and industry officials said on Monday.
Published 27 Nov, 2011 12:00am
IN SHORT: Thai Hua sells 180,000 tons of rubber to China

IN SHORT: Thai Hua sells 180,000 tons of rubber to China

A major Thai rubber exporter, Thai Hua, has sold 180,000 tonnes of smoked rubber sheets and block rubber to three Chinese companies, its CEO said on Tuesday. The deal was likely to help support Tokyo rubber futures as the volume was deemed relatively larg
Published 27 Nov, 2011 12:00am
Commodity prices extend slump

Commodity prices extend slump

Commodity prices fell further last week on a mix of fresh eurozone tensions, a stronger dollar and weak data out of China and the United States, traders said.
Published 27 Nov, 2011 12:00am
Indian cotton seen sliding on lower China demand, supply

Indian cotton seen sliding on lower China demand, supply

Cotton prices in India are likely to fall substantially in the next two months as the biggest importer, China, cuts orders at a time when domestic supplies are set to peak and Indian buyers remain on the sidelines as demand for yarn is weak.
Published 27 Nov, 2011 12:00am
China state soy imports anger commercial buyers

China state soy imports anger commercial buyers

Chinese government purchases of soybean for state reserves, which have pushed up Chicago Board of Trade (CBOT) prices, have angered some commercial buyers in the world's largest soy importer, according to a media report. Sinograin, which manages state res
Published 27 Nov, 2011 12:00am
Asian sugar: lower futures spur buying; Thai crushing begins

Asian sugar: lower futures spur buying; Thai crushing begins

Falling sugar prices attracted interest from several buyers in Asia who still need to cover their requirements in the final quarter of the year, while cane crushing started in Thailand after minor delays caused by floods. At least four millers in Thailand
Published 27 Nov, 2011 12:00am
Cameroon plans $10 million cotton mill

Cameroon plans $10 million cotton mill

Cameroon will start construction of a $10 million cotton mill next year in an effort to boost value-added exports, officials said. The Development Bank of Central African States and Societe Generale de Banque de Cameroun have agreed to raise 1 billion CFA
Published 27 Nov, 2011 12:00am
Gold posts second weekly loss in New York trade

Gold posts second weekly loss in New York trade

Gold fell on Friday, pressured by declines in equity markets, technical selling and gains in the dollar to give the metal its second consecutive weekly loss. Bullion came under pressure as a credit downgrade on Belgium's government debt by the Standard &
Published 27 Nov, 2011 12:00am
EU likely to curb Indonesian palm biofuel imports

EU likely to curb Indonesian palm biofuel imports

European Union (EU) governments are likely to curtail their imports of Indonesian palm oil-based biofuel, which has become cheaper due to a tax cut, to protect their own domestic plants, a top analyst said on Wednesday.
Published 27 Nov, 2011 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (November 26, 2011).

Published 27 Nov, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (November 26, 2011).

Published 27 Nov, 2011 12:00am
THE RUPEE: dollar over 88

THE RUPEE: dollar over 88

Higher demand for dollar, pushed the rupee to cross the barrier of 88 in the open market on Saturday, dealers said. The rupee lost 20 paisa against dollar for buying and selling at 87.85 and 88.05, they said. Commenting on the falling trend on the money m
Published 27 Nov, 2011 12:00am
THE RUPEE: dollar over 88

THE RUPEE: dollar over 88

Higher demand for dollar, pushed the rupee to cross the barrier of 88 in the open market on Saturday, dealers said. The rupee lost 20 paisa against dollar for buying and selling at 87.85 and 88.05, they said. Commenting on the falling trend on the money m
Published 27 Nov, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (November 26, 2011).

Published 27 Nov, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (November 26, 2011).

Published 27 Nov, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (November 26, 2011).

Published 27 Nov, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (November 26, 2011).

Published 27 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 26, 2011).

Published 27 Nov, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (November 26, 2011).

Published 27 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 26, 2011).

Published 27 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 26, 2011).

Published 27 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 26, 2011).

Published 27 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 26, 2011).

Published 27 Nov, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (November 26, 2011).

Published 27 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 26, 2011).

Published 27 Nov, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (November 26, 2011).

Published 27 Nov, 2011 12:00am
PAKISTAN'S 26/11

PAKISTAN'S 26/11

Nato helicopters opened fire on two Pak Army border checkpoints in Mohmand Agency early on Saturday, resulting in martyrdom of 24 soldiers and grievous injuries to 13 others, Pak Army said. Chief of Army Staff (CoAS) Ashfaq Parvez Kayani strongly proteste
Published 27 Nov, 2011 12:00am
PAKISTAN'S 26/11

PAKISTAN'S 26/11

Nato helicopters opened fire on two Pak Army border checkpoints in Mohmand Agency early on Saturday, resulting in martyrdom of 24 soldiers and grievous injuries to 13 others, Pak Army said. Chief of Army Staff (CoAS) Ashfaq Parvez Kayani strongly proteste
Published 27 Nov, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (November 26, 2011) and for Sunday (November 27, 2011).
Published 27 Nov, 2011 12:00am
ISPR statement

ISPR statement

In a statement released on Saturday, ISPR said that on the night of 25/26 November Nato helicopters and fighter aircraft carried out unprovoked firing on two Pakistan Army border posts in Mohmand Agency as a result of which 24 troops embraced shahadat and
Published 27 Nov, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (November 26, 2011).

Published 27 Nov, 2011 12:00am
ISPR statement

ISPR statement

In a statement released on Saturday, ISPR said that on the night of 25/26 November Nato helicopters and fighter aircraft carried out unprovoked firing on two Pakistan Army border posts in Mohmand Agency as a result of which 24 troops embraced shahadat and
Published 27 Nov, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (November 26, 2011).

Published 27 Nov, 2011 12:00am
Nato says 'likely' it caused Pakistan casualties

Nato says 'likely' it caused Pakistan casualties

A spokesman for Nato-led troops in Afghanistan confirmed that Nato aircraft had been called in to support troops during an incident near the border with Pakistan, and its forces were "highly likely" responsible for deaths of Pakistani soldiers.
Published 27 Nov, 2011 12:00am
The Weather

The Weather

The weather report on Saturday (November 26, 2011) and the forecast for Sunday (November 27, 2011).

Published 27 Nov, 2011 12:00am
Nato says 'likely' it caused Pakistan casualties

Nato says 'likely' it caused Pakistan casualties

A spokesman for Nato-led troops in Afghanistan confirmed that Nato aircraft had been called in to support troops during an incident near the border with Pakistan, and its forces were "highly likely" responsible for deaths of Pakistani soldiers.
Published 27 Nov, 2011 12:00am
Nato to 'thoroughly investigate' incident: US

Nato to 'thoroughly investigate' incident: US

The US commander in Afghanistan on Saturday promised a full investigation after Pakistan said a Nato air strike killed at least 23 soldiers, sending his condolences over any troops who may have died. "This incident has my highest personal attention and my
Published 27 Nov, 2011 12:00am
Nato to 'thoroughly investigate' incident: US

Nato to 'thoroughly investigate' incident: US

The US commander in Afghanistan on Saturday promised a full investigation after Pakistan said a Nato air strike killed at least 23 soldiers, sending his condolences over any troops who may have died. "This incident has my highest personal attention and my
Published 27 Nov, 2011 12:00am
Protest lodged

Protest lodged

Pakistan's Ambassador to Belgium, European Union and Luxembourg Jalil Abbas Jilani Saturday lodged protest over Nato/ISAF helicopters' attacks on two Pakistan Army border posts in Mohmand Agency. In a letter to Ambassador Claudio Bisogneiro, Deputy Secret
Published 27 Nov, 2011 12:00am
Protest lodged

Protest lodged

Pakistan's Ambassador to Belgium, European Union and Luxembourg Jalil Abbas Jilani Saturday lodged protest over Nato/ISAF helicopters' attacks on two Pakistan Army border posts in Mohmand Agency. In a letter to Ambassador Claudio Bisogneiro, Deputy Secret
Published 27 Nov, 2011 12:00am
Embassy alerts US citizens

Embassy alerts US citizens

The United States Embassy in Islamabad on Saturday alerted Americans in Pakistan to be vigilant in their personal security against possible retaliation in the aftermath of International Security Assistance Force (ISAF) cross-border strike, killing 24 Paki
Published 27 Nov, 2011 12:00am
Embassy alerts US citizens

Embassy alerts US citizens

The United States Embassy in Islamabad on Saturday alerted Americans in Pakistan to be vigilant in their personal security against possible retaliation in the aftermath of International Security Assistance Force (ISAF) cross-border strike, killing 24 Paki
Published 27 Nov, 2011 12:00am
Foreigners withdraw $3.845 million from equity market

Foreigners withdraw $3.845 million from equity market

Foreign investors at the stock market remained net sellers of shares worth $3.845 million during the week ended on November 26, 2011. It was the second consecutive week when the offshore participants opted for selling as an outflow of $1.316 million of th
Published 27 Nov, 2011 12:00am
Foreigners withdraw $3.845 million from equity market

Foreigners withdraw $3.845 million from equity market

Foreign investors at the stock market remained net sellers of shares worth $3.845 million during the week ended on November 26, 2011. It was the second consecutive week when the offshore participants opted for selling as an outflow of $1.316 million of th
Published 27 Nov, 2011 12:00am
Foreigners withdraw $3.845 million from equity market

Foreigners withdraw $3.845 million from equity market

Foreign investors at the stock market remained net sellers of shares worth $3.845 million during the week ended on November 26, 2011. It was the second consecutive week when the offshore participants opted for selling as an outflow of $1.316 million of th
Published 27 Nov, 2011 12:00am
Gas shortfall may cross two billion cubic feet per day mark in winter

Gas shortfall may cross two billion cubic feet per day mark in winter

The natural gas shortfall is expected to cross two billion cubic feet per day (bcfd) during winter, which surely will force the government to curtail supply to industry and other sectors excluding domestic consumers, top officials of ministry of petroleum
Published 27 Nov, 2011 12:00am
Gas shortfall may cross two billion cubic feet per day mark in winter

Gas shortfall may cross two billion cubic feet per day mark in winter

The natural gas shortfall is expected to cross two billion cubic feet per day (bcfd) during winter, which surely will force the government to curtail supply to industry and other sectors excluding domestic consumers, top officials of ministry of petroleum
Published 27 Nov, 2011 12:00am
Gas shortfall may cross two billion cubic feet per day mark in winter

Gas shortfall may cross two billion cubic feet per day mark in winter

The natural gas shortfall is expected to cross two billion cubic feet per day (bcfd) during winter, which surely will force the government to curtail supply to industry and other sectors excluding domestic consumers, top officials of ministry of petroleum
Published 27 Nov, 2011 12:00am
ZAB reference: Zardari urges CJP to expedite hearing

ZAB reference: Zardari urges CJP to expedite hearing

President Asif Ali Zardari has written a letter to the Chief Justice of Pakistan, requesting him to expedite the hearing of presidential reference in Zulfiqar Ali Bhutto case as a larger bench is now available. Some well-placed sources told Business Re
Published 27 Nov, 2011 12:00am
ZAB reference: Zardari urges CJP to expedite hearing

ZAB reference: Zardari urges CJP to expedite hearing

President Asif Ali Zardari has written a letter to the Chief Justice of Pakistan, requesting him to expedite the hearing of presidential reference in Zulfiqar Ali Bhutto case as a larger bench is now available. Some well-placed sources told Business Re
Published 27 Nov, 2011 12:00am
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