A wave of roadside bombs in Somalia's capital killed seven people over two days, officials said on Tuesday, as government forces struggled to secure Mogadishu against attacks from Islamist rebels. Al Qaeda-affiliated al Shabaab militants, fighting Somalia
Resurgent Pakistan continued their winning form to defeat Bangladesh by 50 runs in a low-scoring Twenty20 international at the Sher-e-Bangla stadium in Dhaka on Tuesday. Misbah-ul-Haq's men, buoyant after a successful series against Sri Lanka in the Unite
After the disappointing opening day, Pakistan cueists recovered to post victories on the second day of IBSF World Snooker Championship in Bangalore (India) on Tuesday. Pakistan number one Imran Shahzad in his second match routed Ro Byoung Hwa of Korea 4-0
Seasoned batsman Thilan Samaraweera was on Tuesday added to Sri Lanka's squad for next month's Test series in South Africa. The 35-year-old middle-order batsman was included as the 17th member of the touring squad after sports minister Mahindananda Aluthg
Former Pakistan paceman Wasim Akram on Tuesday urged the nation's cricket authorities to appoint a single head coach rather than three separate ones for bbowling, batting and fielding Pakistan have been on hunt for a national team coach since Waqar Younis
Vladimir Antonov has resigned as chairman of Portsmouth after the club's parent company was placed into administration just a week after he was granted bail following the collapse of a bank he owned. The Russian businessman, whose company Convers Sports I
India defeated the West Indies by one wicket in the opening One-day international at the Barabati stadium in Cuttack on Tuesday to take a 1-0 lead in the five-match series. The hosts reached the 212-run target with seven balls to spare in the day-night ma
The Indian cricket board (BCCI) is under investigation for violating the country's foreign exchange laws, sports minister Ajay Maken said on Tuesday. The government was looking into alleged violations of the Foreign Exchange Management Act amounting to so
Amar Cable defeated Lahore Green by 10 wickets in the third SPM Lahore Veteran Cricket League here at Ali Garh Cricket Ground on Monday. Batting first, Lahore Green scored 106 all out in 29.1 over. Saleem Butt 27, Tariq Mansoor 17, Mansoor Hameed 12 and Z
Ace Pakistan tennis star Aisam-ul Haq Qureshi Tuesday denied his split with India's Rohan Bopanna was bitter, saying his former doubles partner remains a friend and is invited to his wedding. The 31-year-old Pakistani star joined hands with Bopanna as a d
Spanish star Rafael Nadal on Tuesday played down the pressure the hosts will be under ahead of their Davis Cup final clash against Argentina here this weekend. "We're under the same pressure as they are, we have to win the Davis Cup," insisted the world n
Final matches of first Chairman POF Board Badminton Championship were held at Badminton Hall, POF Sports Complex Wah Cantt. In ladies single event, Miss Nosheen Assistant Manager Services took first position, Miss Sehar Saleem Cantt College second positio
The Australian and New Zealand dollars extended short-covering gains on Tuesday, proving resilient to budget cuts in Australia, various ratings warnings for Europe and nerves ahead of a key Italian bond auction. The Aussie grinded higher to $0.9950, from
A key measure of financial stress neared its highest level in almost three years on Tuesday as eurozone banks' reluctance to lend to each other drove demand for weekly central bank funding to a new two-year high. The European Central Bank failed to steril
Most emerging Asian currencies rose on Tuesday on hopes of progress in tackling the eurozone debt crisis, but traders were quick to take profits on gains, fearing divided European leaders may again disappoint financial markets. "It is better to sell risk
The Indian rupee pulled back from the day's low on Tuesday, buoyed by gains in the euro, although defence-related dollar buying and local share losses pinned it in negative territory. The partially convertible rupee ended at 52.0150/0250 per dollar, 0.12
The Swiss franc rose against the dollar for the second day in a row on Tuesday as expectations that European policymakers will agree on detailed plans to bolster their bailout fund gave a boost to risk appetite. The franc rose 0.3 percent against the doll
Interbank buy/sell rates for the taka against the dollar on Tuesday. 76.82-76.90 (previous 76.76-76.84). Call Money Rates: 07.00/08.00 percent (previous 06.50-08.00 percent).
The euro rose from a seven-week low on Monday on hopes of progress on the sovereign debt crisis but gains could prove fleeting if crucial upcoming events cast doubt on the likelihood of decisive action. Hefty debt supply this week from Italy and Spain, a
The euro advanced for a second straight session on Tuesday on speculation the European Central Bank could lend money to the International Monetary Fund to help Italy cope with the debt crisis. Belgian Finance Minister Didier Reynders said European finance
The euro rose against the dollar on Tuesday, boosted by relief among investors that Italy managed to sell government bonds to the market even though it was forced to pay record high auction yields. It trimmed gains after the European Central Bank failed t
The euro edged up against the dollar on Tuesday, consolidating the gains made the previous day on hopes that European officials will finally make some progress in tackling their debt crisis this week. But ever conscious that policymakers can easily disapp
Sterling held firm against the dollar on Tuesday, with most of the bearish news from finance minister George Osborne's autumn statement already factored in, and month-end rebalancing flows into the UK offering support. The British currency touched a one-w
The yuan ended up slightly against the dollar on Tuesday after the People's Bank of China set the mid-point little changed in the government's latest signal that China will keep the yuan largely stable amid global economic uncertainties, traders said.
Britain's blue chip index rose on Tuesday, building on two straight sessions of gains as strong consumer confidence data from the United States offset renewed concerns about the eurozone debt crisis. London's added 24.24 points, or 0.5 percent, to close a
Indian shares slipped 1 percent on Tuesday as investors took fright of political opposition to opening up the retail sector to multinationals, which could further slow down dwindling growth and hit investment. Prime Minister Manmohan Singh failed to break
Seoul shares rose on Tuesday as technology stocks like LG Display and Samsung Electronics were lifted by solid US holiday sales and foreign investors snapped an eight-session selling streak. A survey from the US National Retail Federation, an industry tra
European shares hit a one-week high after a low-volume rally extended into a third day on Tuesday, buoyed by positive US consumer confidence data and hopes policymakers will make progress to contain the eurozone debt crisis at a meeting.
The Nikkei average climbed more than 2 percent on Tuesday, closing at a two-week high on hopes that eurozone leaders were readying steps to ease the debt crisis and that a robust US holiday shopping season was underway. This week's rally has been driven b
Banking shares helped boost stock markets in Indonesia, Malaysia, and Thailand on Tuesday on hopes for eurozone recovery but others fell as investors cautiously waited to see strong steps taken in Europe. Optimism over eurozone recovery hopes has been ero
Prices of longer-dated Treasuries bonds dipped on Monday on signs of progress in the resolution of the European debt crisis and on strong US retail sales. Investors were encouraged to take on some risk on news that Germany and France are "working intensiv
Prices of longer-dated Treasuries bonds dipped on Monday on signs of progress in the resolution of the European debt crisis and on strong US retail sales. Investors were encouraged to take on some risk on news that Germany and France are "working intensiv
Taiwan stocks extended gains to 1.3 percent on Tuesday, joining a regional rally on eurozone optimism, with HTC Corp rebounding 4.77 percent after three consecutive sessions of decline. The main TAIEX index rose 89.87 points to 6,988.65, after opening up
US stocks rebounded from seven days of losses on Monday as investors used the latest effort from European leaders to resolve the region's debt crisis as an opportunity to cover short positions. Trading was light, a sign scepticism remains high. Just 6.8 b
US stocks mostly rose for a second straight day on Tuesday as a rebound in consumer confidence and soothed fears over Europe whetted investors' appetite for risky assets. The Dow Jones industrial average rose 68.46 points, or 0.59 percent, at 11,591.47. T
Hong Kong shares gained 1.2 percent on Tuesday as investors sought the perceived relative safety of companies selling to Chinese consumers at a time global risk aversion remains high. Although turnover on the Hong Kong bourse hit its highest in five sessi
Egyptian shares led most Gulf bourses up on Tuesday, jumping 5.5 percent after smooth voting in a parliamentary election, but foreign investors said they were waiting on the sidelines for an end to political turmoil and a budget crisis. Egypt is scramblin
Americans shook off some of their concerns about the economy as consumer sentiment rebounded this month from a 2-1/2-year low but a fall in house prices in September underscored the weak foundations of the recovery. The sentiment data released on Tuesday
China will lift its official poverty line to an annual per capita income of 2,300 yuan ($360) in rural areas, or about $1 dollar per day per person, the official Xinhua News Agency reported on Tuesday. The near doubling of the existing poverty gauge of 1,
American Airlines and its parent company AMR Corp filed for bankruptcy on Tuesday after failing to win a labour deal with pilots and suffering from mounting fuel costs. AMR had been the only major US carrier to avoid bankruptcy in the past decade. Its riv
Flag carrier Middle East Airlines (MEA) was grounded in the Lebanese capital on Tuesday as pilots staged a 48-hour strike over the dismissal of a colleague undergoing treatment for cancer. "We have grounded 10 out of 15 flights today," said Captain Fadi K
Eurozone ministers struggled to ramp up the firepower of their rescue fund and looked to the IMF for more help on Tuesday after Italy's borrowing costs hit a euro lifetime high of nearly 8 percent. Two years into Europe's sovereign debt crisis, investors
More than one in three companies say that in 2011 they were victims of fraud, a report said on Tuesday, with reports of cybercrime targeting businesses around the world skyrocketing. About 34 percent of 3,877 businesses in 78 countries said they had been
Opec oil output has risen in November to a three-year high due to increased supplies from Angola and a further recovery in Libya's production, a Reuters survey found on Tuesday. Supply from all 12 members of the Organisation of the Petroleum Exporting Cou
Britain's economy will stagnate until mid-2012 and could easily fall back into recession, the government said on Tuesday, a grim outlook that puts its debt reduction plans in jeopardy and will mean more austerity for longer.
An Italian court handed out prison sentences to former Mediobanca chairman Cesare Geronzi and Sator fund chief Matteo Arpe on Tuesday in a case linked to the 2003 collapse of dairy group Parmalat. The court in the northern Italian city of Parma, whose ver
India's aviation ministry said Tuesday it supports allowing foreign airlines to invest in the country's cash-hungry carriers, but added that a final decision must be made by the cabinet. Permitting foreign investment could bring much-needed capital for In
Modest trading was again witnessed on the wholesale grain market on Tuesday due to lack of buying interest, dealers said. On the rice sector Irri-6 sindh low type retained overnight level at Rs 3125 while the best type shed Rs 25 t0 Rs 3175, they said.
Activity improved on the cotton market on Tuesday buyers and sellers managed to find a meeting ground, dealers said. The Karachi Cotton Association (KCA) official spot rate was raised by Rs 100 to Rs 5,300, they said. Prices of seedcotton in Sindh were at
The December vaida was higher and the January contract was unchanged on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The December contract that ended at Rs 1307.50 opened with a gain of Rs 1.20 paisa to 1308.70. Th
The Karachi Port handled 131,453 tonnes of cargo including 95,538 tonnes of import; 35,915 tonnes of export cargo and 5,758 loaded and empty containers (TEUs) during the last 24 hours of business activities ended at 0700 hours on Tuesday.
Wheat prices in the European Union rose on Monday, tracking a broad-based advance in commodity markets although the strength of the euro helped to cap gains. Commodity markets were buoyed by an increase in the risk appetite among investors as hopes grew,
Corn and soya spot basis bids held mostly steady on Monday at processors and elevators around the Midwest with very light farmer sales in the western Corn Belt, where harvest is largely wrapped up, dealers said. A dealer in Iowa noted a few loads of newly
Russia has practically finished its 2011 grain harvesting campaign, reaping 97.8 million tonnes of grain by bunker weight as of November 28, the Agriculture Ministry said on Monday. "As of today, only 290,000 hectares sown with maize remain to be harveste
Rain storms over the weekend helped build ample soil moisture in Argentina's main farming region, ahead of sunny and in some places cold weather during the days ahead, local meteorologists forecast Monday. Some isolated pockets of frost may form in the so
US wheat features closed slightly higher on Monday as a weak dollar and rallying stock market sparked a round of mild short covering, traders said. But prices closed well off the intraday highs hit early in the session as the dollar cut its losses, adding
Australia's bulk storage of wheat grain fell by 916,000 tonnes or 11 percent from the previous month to 7.3 million tonnes at the end of October 2011, the Australian Bureau of Statistics said on Monday. The total was more than double that stored in Octobe
Bulgarian farmers have harvested 1.38 million tonnes of sunflower seeds from 99.9 percent of the sown acreage this autumn, down from 1.46 million tonnes a year ago, the agriculture ministry said on Monday The Balkan country also reaped 2.07 million tonnes
Bank of Japan governor Masaaki Shirakawa warned Monday that the country would continue to face a "severe situation" as Europe's debt crisis and a strong yen weigh on its post-quake economic recovery. "Japan's economy is likely to continue to face a severe
Greece's top bank NBG on Tuesday said it had lost 1.346 billion euros ($1.78 billion) in the first nine months of the year after factoring in a write-down on its Greek government bond holdings. The bank, which employs over 12,000 people in Greece, Turkey
Philippine lawmakers on Tuesday approved a 10.4 percent increase in the government's 2012 spending budget to help fund economic and social reform programmes which Manila hopes would boost growth next year. The final budget measure will now be prepared for
The economic success of a country and industrial units is heavily dependant upon the optimum utilisation of its energy resources. Our country is going through an energy crisis. Saving energy directly reduces cost per unit production, enabling industrialis
I have used Diamond Foam products for last fifteen years. Climate control is vital for buildings in our hot environments. We need to control temperature by natural means such as air movement and proper insulation. I have found Jumbolon Board highly useful
On both the local and global fronts the concern regarding environmental crises reflects a general acceptance that the present form and degree of resources exploitation, especially energy, and our associated consumption practices are unjustified to say the
Our main issue in building industry is thermal comfort. People are making buildings without keeping in view the energy crisis and comfort zone and the consequence is load shedding and heavy energy bills to building users. Jumbolon offers a range of insula
Sabirs' Group of Companies is aimed to serve the nation by provision of superior quality chicken protein at affordable cost and thus combat the meat shortage and strive for a healthy future. For this purpose, we keep ourselves up to date on the latest adv
I am delighted to welcome you on board "Magnificent 7" UAE Expo 2011, from the 30th of November to the 2nd of December 2011 at Expo Centre Karachi. The economic and social co-operation between Pakistan & UAE has been exemplary throughout the history of th
United Arab Emirates-Pakistan Relation in these days is witnessing a distinctive effectiveness coincided with the celebrations in United Arab Emirates of the 40th National Day.
Pakistan & the United Arab Emirates enjoy very strong ties because of their cultural & traditional similarity & geographical location. The bond between the two nations has been flourishing for decades and developed into wide-ranging co-operation in many f
With the utmost gratitude towards UAE Minister of Foreign Trade, Her Highness Sheikha Lubna Bint Khalid Al Qasimi, and UAE Counsel General in Karachi, Excellency Sheikh Suhail Bin Matar Al- Ketbiyour, to have endowed Pegasus Consultancy with the opportuni
Vision & Objectives: UAE Expo 2011 is scheduled to be held under the auspices of the UAE Karachi Consulate Office - Commercial Division, with a vision to fortify the trade and commerce ties between the UAE & Pakistan. The event will feature an extensive d
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
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
Fitch Ratings gave the United States until 2013 to come up with a "credible plan" to tackle its ballooning budget deficit or risk a downgrade of the country's coveted AAA rating. The ratings agency on Monday revised to negative from stable the outlook on
Fitch Ratings gave the United States until 2013 to come up with a "credible plan" to tackle its ballooning budget deficit or risk a downgrade of the country's coveted AAA rating. The ratings agency on Monday revised to negative from stable the outlook on
Fitch Ratings gave the United States until 2013 to come up with a "credible plan" to tackle its ballooning budget deficit or risk a downgrade of the country''s coveted AAA rating. The ratings agency on Monday revised to negative from stable the outlook on
Tethyan Copper Company (TCC), working on development of one of the major copper-gold mines at Reko Diq, Balochistan, announced on Tuesday that it has started international arbitration process to protect its rights after the provincial government rejected
Tethyan Copper Company (TCC), working on development of one of the major copper-gold mines at Reko Diq, Balochistan, announced on Tuesday that it has started international arbitration process to protect its rights after the provincial government rejected
Tethyan Copper Company (TCC), working on development of one of the major copper-gold mines at Reko Diq, Balochistan, announced on Tuesday that it has started international arbitration process to protect its rights after the provincial government rejected
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (November 29, 2011).
A Federal Cabinet meeting here on Tuesday, chaired by Prime Minister Yousuf Raza Gilani, decided to boycott international conference in Bonn next week on the future of Afghanistan to protest against Nato's cross-border attack on a Pakistani border post in
A Federal Cabinet meeting here on Tuesday, chaired by Prime Minister Yousuf Raza Gilani, decided to boycott international conference in Bonn next week on the future of Afghanistan to protest against Nato's cross-border attack on a Pakistani border post in
German Chancellor Angela Merkel said Tuesday she was "very sorry" about Pakistan's announced boycott of a Bonn conference next week on the future of Afghanistan and would try to convince it to attend. Merkel said Germany would "see what could be done to c
German Chancellor Angela Merkel said Tuesday she was "very sorry" about Pakistan's announced boycott of a Bonn conference next week on the future of Afghanistan and would try to convince it to attend. Merkel said Germany would "see what could be done to c
The Nato attack on Pak Army Checkpost in Mohmand Agency was intentional and unprovoked, Director General Military Operations, Major General Ishfaq Nadeem told the media on Tuesday. In a press briefing to senior media persons at the GHQ, DG MO shared the f
The Nato attack on Pak Army Checkpost in Mohmand Agency was intentional and unprovoked, Director General Military Operations, Major General Ishfaq Nadeem told the media on Tuesday. In a press briefing to senior media persons at the GHQ, DG MO shared the f
The US Central Command has appointed Air Force Brigadier General Stephen A Clark, from the Air Force Special Operations Command Headquarters at Hurlburt Field, Florida, as the investigating officer to conduct an inquiry into the November 26 deaths of Paki
The US Central Command has appointed Air Force Brigadier General Stephen A Clark, from the Air Force Special Operations Command Headquarters at Hurlburt Field, Florida, as the investigating officer to conduct an inquiry into the November 26 deaths of Paki
United States (US) Ambassador Cameron Munter on Tuesday met with President Asif Ali Zardari. The US Ambassador called on the President at Aiwan-e-Sadr to discuss a serious deterioration in US-Pakistan relations following Nato/Isaf attack on a Pakistani Ch
United States (US) Ambassador Cameron Munter on Tuesday met with President Asif Ali Zardari. The US Ambassador called on the President at Aiwan-e-Sadr to discuss a serious deterioration in US-Pakistan relations following Nato/Isaf attack on a Pakistani Ch
The United States urged Pakistan on Tuesday to reconsider its decision to boycott a conference on Afghanistan in Germany next week, saying it plays a key role in the future of its war-torn central Asian neighbour. Pakistan decided earlier Tuesday to boyco
The United States urged Pakistan on Tuesday to reconsider its decision to boycott a conference on Afghanistan in Germany next week, saying it plays a key role in the future of its war-torn central Asian neighbour. Pakistan decided earlier Tuesday to boyco
A constitutional petition filed in the Supreme Court has urged the court to issue directives to government to publish and disseminate details of agreements with US/Nato and Isaf forces, enabling citizen of Pakistan to take appropriate measures in the nati
A constitutional petition filed in the Supreme Court has urged the court to issue directives to government to publish and disseminate details of agreements with US/Nato and Isaf forces, enabling citizen of Pakistan to take appropriate measures in the nati
European Union chief diplomat Catherine Ashton expressed condolences to Pakistan on Tuesday over a Nato air strike that killed 24 Pakistani troops and voiced support for an investigation. Ashton "is closely following reports of the incident," her office s
European Union chief diplomat Catherine Ashton expressed condolences to Pakistan on Tuesday over a Nato air strike that killed 24 Pakistani troops and voiced support for an investigation. Ashton "is closely following reports of the incident," her office s
In a bid to attract more listings and to increase trading activity on the stock market, the Board of Directors of Karachi Stock Exchange (KSE) has approved SME board in which small and medium enterprises having a paid-up capital of less than Rs 200 millio
In a bid to attract more listings and to increase trading activity on the stock market, the Board of Directors of Karachi Stock Exchange (KSE) has approved SME board in which small and medium enterprises having a paid-up capital of less than Rs 200 millio
In a bid to attract more listings and to increase trading activity on the stock market, the Board of Directors of Karachi Stock Exchange (KSE) has approved SME board in which small and medium enterprises having a paid-up capital of less than Rs 200 millio
Late buying in some select stocks, mainly by locals on Tuesday supported the KSE-100 index to close in positive at 11,506.95 level, up 12.80 points. The market witnessed mixed trend with the index oscillating between 11,617.40 points intra-day high and 11
Late buying in some select stocks, mainly by locals on Tuesday supported the KSE-100 index to close in positive at 11,506.95 level, up 12.80 points. The market witnessed mixed trend with the index oscillating between 11,617.40 points intra-day high and 11
Late buying in some select stocks, mainly by locals on Tuesday supported the KSE-100 index to close in positive at 11,506.95 level, up 12.80 points. The market witnessed mixed trend with the index oscillating between 11,617.40 points intra-day high and 11
On Tuesday, the BRIndex30 opened at 8,765.91 points and remained in red in the middle, and in green at the beginning and end of trading session. It touched the intra-day high of 8,880.53 points and low of 8,695.38 points and closed at 8,794.58 points, wit
On Tuesday, the BRIndex30 opened at 8,765.91 points and remained in red in the middle, and in green at the beginning and end of trading session. It touched the intra-day high of 8,880.53 points and low of 8,695.38 points and closed at 8,794.58 points, wit
