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Archive - 2011-12-03
Tariq Khosa refuses to head commission
Top News

Tariq Khosa refuses to head commission

ISLAMABAD: Former Director-General of the Federal Investigation Agency (FIA) Tariq Khosa on Saturday refused to head a o
Published 03 Dec, 2011 06:48pm
Gold unchanged at Rs 49,628
Markets

Gold unchanged at Rs 49,628

KARACHI: Gold closed unchanged at Rs 49,628 per 10 grams in the local market Saturday, as its international price slippe
Published 03 Dec, 2011 04:36pm
Army also on alert: Minister Wassan
Top News

Army also on alert: Minister Wassan

KARACHI: Sindh Home Minister Manzoor Hussain Wassan has said that the Army has also been put on alert, besides, the poli
Published 03 Dec, 2011 03:16pm
LPG producers raise prices
Markets

LPG producers raise prices

KARACHI: Local producers of liquefied petroleum gas (LPG) have raised its price by Rs 1,360 to Rs 80,857 per ton in the
Published 03 Dec, 2011 02:56pm
IVD for Economic and Social Development
Top News

IVD for Economic and Social Development

ISLAMABAD: The International Volunteer Day for Economic and Social Development will be observed on December across the w
Published 03 Dec, 2011 11:55am
Pakistan, IDB finalise $3 billion 'Country Partnership Strategy'

Pakistan, IDB finalise $3 billion 'Country Partnership Strategy'

Pakistan and the Islamic Development Bank (IDB) have finalised negotiation on 'Country Partnership Strategy' worth $3 billion for a period of three years, while approval from the bank's board is awaited. This was stated by Economic Affairs Division Secret
Published 03 Dec, 2011 12:00am
Pakistan, IDB finalise $3 billion ''Country Partnership Strategy''

Pakistan, IDB finalise $3 billion ''Country Partnership Strategy''

Pakistan and the Islamic Development Bank (IDB) have finalised negotiation on ''Country Partnership Strategy'' worth $3 billion for a period of three years, while approval from the bank''s board is awaited. This was stated by Economic Affairs Division Sec
Published 03 Dec, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (December 02, 2011).

Published 03 Dec, 2011 12:00am
Al Qaeda claims holding US hostage in Pakistan

Al Qaeda claims holding US hostage in Pakistan

Al Qaeda has claimed responsibility for the kidnapping of an American man in Pakistan and demanded the release of prisoners and an end to air strikes in Muslim countries in exchange for his freedom, according to an Internet statement. Al Qaeda leader Ayma
Published 03 Dec, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (December 02, 2011).

Published 03 Dec, 2011 12:00am
Al Qaeda claims holding US hostage in Pakistan

Al Qaeda claims holding US hostage in Pakistan

Al Qaeda has claimed responsibility for the kidnapping of an American man in Pakistan and demanded the release of prisoners and an end to air strikes in Muslim countries in exchange for his freedom, according to an Internet statement. Al Qaeda leader Ayma
Published 03 Dec, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (December 02, 2011).

Published 03 Dec, 2011 12:00am
One dead, up to 70 hurt in attack near Afghan Nato base

One dead, up to 70 hurt in attack near Afghan Nato base

A powerful truck bomb exploded near the gate of a Nato base in Afghanistan Friday, killing one person and wounding as many as 70 others, including a foreign soldier, officials said. The Taliban claimed responsibility for the suicide attack at Combat Outpo
Published 03 Dec, 2011 12:00am
THE RUPEE: dollar at Rs 89

THE RUPEE: dollar at Rs 89

The dollar hit the new high at Rs 89 in the currency market on Friday due to strong demand by importers to clear oil and other commodities payments, dealers said. The rupee shed 20 paisa versus dollar for buying and selling at 88.95 and 89.00, they said.
Published 03 Dec, 2011 12:00am
One dead, up to 70 hurt in attack near Afghan Nato base

One dead, up to 70 hurt in attack near Afghan Nato base

A powerful truck bomb exploded near the gate of a Nato base in Afghanistan Friday, killing one person and wounding as many as 70 others, including a foreign soldier, officials said. The Taliban claimed responsibility for the suicide attack at Combat Outpo
Published 03 Dec, 2011 12:00am
THE RUPEE: dollar at Rs 89

THE RUPEE: dollar at Rs 89

The dollar hit the new high at Rs 89 in the currency market on Friday due to strong demand by importers to clear oil and other commodities payments, dealers said. The rupee shed 20 paisa versus dollar for buying and selling at 88.95 and 89.00, they said.
Published 03 Dec, 2011 12:00am
UAE celebrates 40th birthday

UAE celebrates 40th birthday

The oil-rich United Arab Emirates on Friday celebrated the 40th anniversary of its establishment with parades, musical shows and ceremonies across the seven-member federation. The president, Sheikh Khalifa bin Zayed al-Nahayan who is also ruler of Abu Dha
Published 03 Dec, 2011 12:00am
UAE celebrates 40th birthday

UAE celebrates 40th birthday

The oil-rich United Arab Emirates on Friday celebrated the 40th anniversary of its establishment with parades, musical shows and ceremonies across the seven-member federation. The president, Sheikh Khalifa bin Zayed al-Nahayan who is also ruler of Abu Dha
Published 03 Dec, 2011 12:00am
Power sector pays PSO Rs 13 billion out of Rs 160 billion dues

Power sector pays PSO Rs 13 billion out of Rs 160 billion dues

The power sector paid Rs 13 billion out of Rs 160 billion to Pakistan State Oil (PSO), but its local and international liabilities increased by Rs 12 billion in a week. According to official documents available with Business Recorder on December 2,
Published 03 Dec, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 02, 2011).

Published 03 Dec, 2011 12:00am
Power sector pays PSO Rs 13 billion out of Rs 160 billion dues

Power sector pays PSO Rs 13 billion out of Rs 160 billion dues

The power sector paid Rs 13 billion out of Rs 160 billion to Pakistan State Oil (PSO), but its local and international liabilities increased by Rs 12 billion in a week. According to official documents available with Business Recorder on December 2,
Published 03 Dec, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 02, 2011).

Published 03 Dec, 2011 12:00am
Power sector pays PSO Rs 13 billion out of Rs 160 billion dues

Power sector pays PSO Rs 13 billion out of Rs 160 billion dues

The power sector paid Rs 13 billion out of Rs 160 billion to Pakistan State Oil (PSO), but its local and international liabilities increased by Rs 12 billion in a week. According to official documents available with Business Recorder on December 2,
Published 03 Dec, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (December 02, 2011).

Published 03 Dec, 2011 12:00am
Raisani announces steel mill, industrial zone at Gaddani

Raisani announces steel mill, industrial zone at Gaddani

Chief Minister Balochistan Nawab Mohammad Aslam Raisani on Friday announced the setting up of a steel mill at Gaddani besides an industrial zone to promote export of local sea food to major markets of the world. Addressing at a ceremony at Lasbella Indust
Published 03 Dec, 2011 12:00am
Raisani announces steel mill, industrial zone at Gaddani

Raisani announces steel mill, industrial zone at Gaddani

Chief Minister Balochistan Nawab Mohammad Aslam Raisani on Friday announced the setting up of a steel mill at Gaddani besides an industrial zone to promote export of local sea food to major markets of the world. Addressing at a ceremony at Lasbella Indust
Published 03 Dec, 2011 12:00am
Raisani announces steel mill, industrial zone at Gaddani

Raisani announces steel mill, industrial zone at Gaddani

Chief Minister Balochistan Nawab Mohammad Aslam Raisani on Friday announced the setting up of a steel mill at Gaddani besides an industrial zone to promote export of local sea food to major markets of the world. Addressing at a ceremony at Lasbella Indust
Published 03 Dec, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (December 02, 2011) and for Saturday (December 03, 2011).
Published 03 Dec, 2011 12:00am
Islamist protesters held at US embassy in London

Islamist protesters held at US embassy in London

British police arrested 22 suspected members of a banned Islamist group on Friday during a protest outside the US embassy in London against the use of drones, Scotland Yard said. The demonstrators were believed to be from the "Muslims Against Crusades" gr
Published 03 Dec, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (December 02, 2011).

Published 03 Dec, 2011 12:00am
Islamist protesters held at US embassy in London

Islamist protesters held at US embassy in London

British police arrested 22 suspected members of a banned Islamist group on Friday during a protest outside the US embassy in London against the use of drones, Scotland Yard said. The demonstrators were believed to be from the "Muslims Against Crusades" gr
Published 03 Dec, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 03 Dec, 2011 12:00am
Geithner to visit Europe

Geithner to visit Europe

US Treasury Secretary Timothy Geithner will travel to Europe next week for talks with authorities focused on fighting the eurozone debt crisis, the Treasury Department said Friday. Geithner "will travel to Europe December 6-8, 2011, for discussions with h
Published 03 Dec, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 03 Dec, 2011 12:00am
Geithner to visit Europe

Geithner to visit Europe

US Treasury Secretary Timothy Geithner will travel to Europe next week for talks with authorities focused on fighting the eurozone debt crisis, the Treasury Department said Friday. Geithner "will travel to Europe December 6-8, 2011, for discussions with h
Published 03 Dec, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (December 02, 2011).

Published 03 Dec, 2011 12:00am
Geithner to visit Europe

Geithner to visit Europe

US Treasury Secretary Timothy Geithner will travel to Europe next week for talks with authorities focused on fighting the eurozone debt crisis, the Treasury Department said Friday. Geithner "will travel to Europe December 6-8, 2011, for discussions with h
Published 03 Dec, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on November 29, 2011.

Published 03 Dec, 2011 12:00am
TNFJ opposes closure of bazaars, markets during Ashura

TNFJ opposes closure of bazaars, markets during Ashura

Tehreek-e-Nafaz-e-Fiqa Jafaria (TNFJ) has opposed the unnecessary closure of bazaars and markets during Ashura and called for provision of foolproof security arrangements for Muharram processions in the province. Speaking at a news conference here at Pesh
Published 03 Dec, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on November 29, 2011.

Published 03 Dec, 2011 12:00am
Exhibition of Indian films: LHC issues notices to Centre, Censor Board

Exhibition of Indian films: LHC issues notices to Centre, Censor Board

The Lahore High Court (LHC) here on Friday issued notices to federal government and Pakistan film censor board in a writ petition seeking ban on exhibition of Indian films in Pakistan and sought reply within fortnight. A local film producer Kamran Ijaz fi
Published 03 Dec, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on November 29, 2011.

Published 03 Dec, 2011 12:00am
The Weather

The Weather

The weather report on Friday (December 02, 2011) and the forecast for Saturday (December 03, 2011).

Published 03 Dec, 2011 12:00am
Smeda holds seminar on self-employment scheme

Smeda holds seminar on self-employment scheme

The Small and Medium Enterprises Development Authority (Smeda) in collaboration with the Bank of Khyber (BoK) held a seminar on 'Hunarmand Rozgar Scheme' for the students of 'Gems and Gemological Institute of Pakistan (GGIP), Peshawar. Those who addressed
Published 03 Dec, 2011 12:00am
PML-N to boycott in-camera session, says Nisar

PML-N to boycott in-camera session, says Nisar

PML-N will not attend the forthcoming joint session of the Parliament if it is held in camera to discuss the Nato air strikes and 'memogate' issues. "We will not participate in any in camera joint sitting of the Parliament. The joint-session should be ope
Published 03 Dec, 2011 12:00am
PPP forward bloc unhappy with Gilani

PPP forward bloc unhappy with Gilani

The forward bloc in the Pakistan People's Party (PPP) is annoyed with Prime Minister Yousuf Raza Gilani but and not with President Asif Ali Zardari, party sources said. According to sources close to the forward bloc, the Prime Minister has been releasing
Published 03 Dec, 2011 12:00am
'Ill utilisation of resources causing economic depreciation'

'Ill utilisation of resources causing economic depreciation'

Participants at a national conference have underscored that less exploitation of rich mineral and material resources causes economic depreciation and financial hardships for this region. They said that resources are not used as a driving force to generate
Published 03 Dec, 2011 12:00am
PML-Q activist joins PTI

PML-Q activist joins PTI

In continuation of activists of different political parties joining Pakistan Tehreek-e-Insaf (PTI), a PML-Q activist hailing from Christian community, Mobeen Sharif Bhatti Friday announced to join PTI along-with other members after, what he called, a disa
Published 03 Dec, 2011 12:00am
Smeda holds training course for farmers

Smeda holds training course for farmers

Small & Medium Enterprises Development Authority (Smeda), under its 'Early Recovery of Flood Community Project' funded by UNDP held a daylong training course on 'Agriculture & Farming Development' at a village Mian Gujar, district Peshawar, here on Friday
Published 03 Dec, 2011 12:00am
Success of microfinance widely acknowledged by world: SBP governor

Success of microfinance widely acknowledged by world: SBP governor

The Governor of the State Pakistan, Yaseen Anwar, has said that based on the early success of mobile banking in Pakistan due to collaborated efforts of a wide range of stakeholders there was an urgent need for continued close co-ordination between all div
Published 03 Dec, 2011 12:00am
Chief minister Punjab awards commendatory certificates to medical staff

Chief minister Punjab awards commendatory certificates to medical staff

Punjab Chief Minister Muhammad Shahbaz Sharif has awarded commendatory certificates to 50 doctors, nurses, paramedics and lab technicians of Lahore General Hospital in recognition of great services they rendered during struggle against recent epidemic of
Published 03 Dec, 2011 12:00am
Anti-dengue training: '110 persons being sent to Thailand, Sri Lanka'

Anti-dengue training: '110 persons being sent to Thailand, Sri Lanka'

Punjab Chief Minister, Shahbaz Sharif has said that the way elected representatives, officers, departments, doctors, nurses and paramedical staff made tireless efforts against dengue virus and overcame the mortality rate through their commitment and hard
Published 03 Dec, 2011 12:00am
CCTV cameras installed in all sensitive areas

CCTV cameras installed in all sensitive areas

Modern close circuit television cameras have been installed at the route of main procession of Zuljinnah and important points of Majalis in the city for security purpose. Capital City Police Officer, Ahmad Raza Tahir told APP here on Friday that on the sp
Published 03 Dec, 2011 12:00am
New Gwadar International Airport to be completed by 2014

New Gwadar International Airport to be completed by 2014

The under construction New Gwadar International Airport, which was due to be completed by end of 2013, would now be completed by December 2014. According to official sources here, the PC-1 of New Gwadar International Airport project was approved in Septem
Published 03 Dec, 2011 12:00am
International Day of Persons with Disabilities today

International Day of Persons with Disabilities today

United Nations' (UN) International Day of Persons with Disabilities will be observed on Saturday under the theme of "Together for a better world for all: Including persons with disabilities in development" across the globe including Pakistan. The day focu
Published 03 Dec, 2011 12:00am
'UAE to continue extending help in education sector'

'UAE to continue extending help in education sector'

Sheikh Nahayan Mabarak Al Nahayan, UAE Minister of Higher Education and Scientific Research on Friday said his country would continue to help Pakistan meet its targets in the educational sector by executing projects at different levels.
Published 03 Dec, 2011 12:00am
Bonn moot boycott decision irreversible, says Hina

Bonn moot boycott decision irreversible, says Hina

Foreign Minister Hina Rabbani Khar on Friday said that Pakistan to continue its role for the regional peace, but not at the cost of its national interest. Talking to the media outside Parliament House, she said that the decision to boycott Bonn Conference
Published 03 Dec, 2011 12:00am
Fight in Tirrah Valley claims two lives

Fight in Tirrah Valley claims two lives

The gunfight between the Zakha Khel Peace Lashker and the banned Lashker Islam led by hiding Mangal Bagh here early on Friday claimed two lives and serious injuries to another two from the Zakha Khel Peace Lashker, Khasadar Force sources informed. The fig
Published 03 Dec, 2011 12:00am
'Fresh increase in petroleum prices burdens masses'

'Fresh increase in petroleum prices burdens masses'

Fresh increase in the prices of petroleum products has put an additional burden of Rs 40 billion on the masses and Rs 16 billion on the agricultural sector. Agri Forum Pakistan Chairman, Muhammad Ibrahim Mughal stated this while talking to media, here on
Published 03 Dec, 2011 12:00am
Senate condemns Nato air strikes

Senate condemns Nato air strikes

The Upper House of Parliament on Friday unanimously passed a resolution, condemning in strongest possible terms the Nato air strikes, warning the aggressors of dire consequences if involved again in violation of Pakistan's airspace. The Senate described N
Published 03 Dec, 2011 12:00am
Khyber Pakhtunkhwa mills begin sugarcane crushing

Khyber Pakhtunkhwa mills begin sugarcane crushing

All six sugar mills of Khyber Pakhtunkhwa have started sugarcane crushing season and production of sugar. Khyber Pakhtunkhwa has six operational sugar mills four in D.I. Khan and one each in Mardan and Peshawar. Two sugar mills included Frontier Sugar Mil
Published 03 Dec, 2011 12:00am
Pesco line losses reduced, recovery goes up

Pesco line losses reduced, recovery goes up

Chief Executive Officer (CEO), Peshawar Electricity Supply Company (Pesco), Mohammad Wali has said that the power distribution company during the month of October 2011 has reduced line losses by 3 per cent, while recovery was increased by 13 per cent, as
Published 03 Dec, 2011 12:00am
Gas supply to Dawood Hercules Fertilisers discontinued

Gas supply to Dawood Hercules Fertilisers discontinued

Dawood Hercules Corporation Limited on Friday said that the gas supply to the fertiliser plant of its 100 percent owned subsidiary, DH Fertilisers Limited, has been discontinued by the Sui Northern Gas Pipelines Limited from December 01, 2011.
Published 03 Dec, 2011 12:00am
Five flyovers, three underpasses to be built in Karachi

Five flyovers, three underpasses to be built in Karachi

Five flyovers and three underpasses would be built in the metropolis to remove traffic congestion and provide relief to the people. This was decided when Chief Minister Sindh, Syed Qaim Ali Shah called on Governor Sindh, Dr Ishratul Ebad Khan, at the Gove
Published 03 Dec, 2011 12:00am
Raisani donates Rs 50 million for flood-hit areas

Raisani donates Rs 50 million for flood-hit areas

Balochistan Chief Minister Nawab Aslam Raisani presented a cheque of Rs 50 million for rain and flood affectees of Sindh province for the fund established by Bakhtawar Bhutto Zardari. He delivered the cheque to Pakistan Peoples Party (PPP) leader and MNA
Published 03 Dec, 2011 12:00am
KPC election on December 31

KPC election on December 31

The annual election 2012 of the Karachi Press Club will be held on December 31. An election committee has been formed with Professor Dr Tauseef Ahmed Khan as its head. The members of the committee are: Kafeel Ahmed Khan, Atta Muhammad Tabassum, Sattar Jav
Published 03 Dec, 2011 12:00am
Remedy for power loadshedding: KCCI suggests new formula

Remedy for power loadshedding: KCCI suggests new formula

Leaders of Karachi Chamber of Commerce and Industry (KCCI) have suggested a new formula to overcome power load shedding in industrial areas of the city. They suggested cut in gas supply to Karachi Elect Supply Company (KESC) and provide the same to indust
Published 03 Dec, 2011 12:00am
Regularisation of villages: high level meeting reviews leasing process

Regularisation of villages: high level meeting reviews leasing process

Sindh Chief Minister, Syed Qaim Ali Shah, Friday presided over a high level meeting at CM's House here regarding restarting of the process of giving lease to the poor residents of the province, particularly in the city. Speaking on the occasion, the CM sa
Published 03 Dec, 2011 12:00am
Three vessels carrying urea under discharge at Gwadar

Three vessels carrying urea under discharge at Gwadar

Trading Corporation of Pakistan (TCP) on Friday informed that currently three vessels, carrying a total of around 120,000 tonnes of urea, MV Grate Mary carrying 27,500 tonnes, MV Medi Lisbon carrying 47,334 tonnes and MV Dubai Ambassador carrying 45,000 t
Published 03 Dec, 2011 12:00am
PSM begins preparation for raw material procurement

PSM begins preparation for raw material procurement

Pakistan Steel Mills (PSM) has started preparation for procurement of raw material to meet its demand after bank guarantee fund of Rs 6 billion provided by the Federal Government. "Funds will be utilised in a transparent manner to provide financial stabil
Published 03 Dec, 2011 12:00am
DUHS students protest doctors' kidnapping

DUHS students protest doctors' kidnapping

Students of Dow University of Health Sciences on Friday staged protest demonstration outside the varsity, demanding early recovery of kidnapped doctors including Dr Imtiaz Waggan and Dr Azhar Ali Shah. The students and faculty members, teacher and profess
Published 03 Dec, 2011 12:00am
Seafood export to Egypt comes to a halt

Seafood export to Egypt comes to a halt

Pakistan's seafood export to Egypt has largely come to a halt because political uncertainty continues in the key Middle Eastern country following ouster of the long-enthroned President Hosni Mubarak early this year, exporters said on Friday.
Published 03 Dec, 2011 12:00am
NHA bridge on Quetta-Karachi road collapses

NHA bridge on Quetta-Karachi road collapses

Newly constructed bride of National Highway Authority (NHA) on Quetta-Karachi main highway collapsed in Mastung on Friday causing stoppage of traffic on the highway. Official sources confirmed the incident and said that the newly constructed bridge of the
Published 03 Dec, 2011 12:00am
Confusion galore

Confusion galore

Of late Pakistan's role as a partner in the UN-mandated war on terror is beset with profound confusion. Not that earlier it was not, it always was - to know how and when, revisit the WikiLeaks' account of Prime Minister Gilani's take on the CIA-operated d
Published 03 Dec, 2011 12:00am
EC must have financial autonomy

EC must have financial autonomy

The Election Commission of Pakistan (ECP) is responsible for conducting, in a free and fair manner, the most important procedure of democratic politics: elections. Yet it is still struggling to free itself from government influence and dependence. The oth
Published 03 Dec, 2011 12:00am
Political-bureaucratic performance: Neoliberals

Political-bureaucratic performance: Neoliberals

Last week we had discussed the neoliberals and the free markets and we had come to the conclusion that there were no free markets and the failures were not only of serious consequences, but also not well-listed. Today one is going to consider the neoliber
Published 03 Dec, 2011 12:00am
Flood surcharge

Flood surcharge

Income Tax (Amendment) Ordinance, 2011 (Ordinance IV of 2011), promulgated on 15th March 2011, levied 15% surcharge vide section 4A of the Income Tax Ordinance, 2001 for a period of three and a half months. Through this measure, the Federal Board of Reven
Published 03 Dec, 2011 12:00am
Developing regulations for microfinance

Developing regulations for microfinance

The following is the text of inaugural address by Yaseen Anwar, Governor, State Bank of Pakistan, at the 5th Pakistan Microfinance Country Forum on December 02, 2011, Karachi: I am delighted to be invited to the 5th Pakistan Microfinance Country Forum.
Published 03 Dec, 2011 12:00am
Secularism unveiled

Secularism unveiled

India always stands in the first row to extract maximum benefits from its UN membership for trade agreements and defence purchases with only one word 'secularism'. It presents itself as a 'shining India' on the basis of democracy in the country. But what
Published 03 Dec, 2011 12:00am
Jamaat-e-Islami activists stage demonstration against Nato

Jamaat-e-Islami activists stage demonstration against Nato

Scores of people on the call of Jamaat-e-Islami Chief Syed Munawar Hassan took out a rally on Friday to denounce unprovoked Nato attacks on checkposts in Mohmand Agency, which caused the loss of precious lives of brave Pakistani soldiers. Imams of the mos
Published 03 Dec, 2011 12:00am
LSE holidays

LSE holidays

The Lahore Stock Exchange (LSE) shall remain closed from Monday December 5 to Tuesday, December 6, 2011 on account of Ashura and would reopen on Wednesday, December 07, 2011, says a circular issued here on Friday.
Published 03 Dec, 2011 12:00am
Gas shedding, closure of CNG stations create havoc

Gas shedding, closure of CNG stations create havoc

Gas shedding for Industrial Sector and closure of CNG Stations continued on second consecutive day, here till Friday, resultantly 600 industrial units are not in a position to maintain their production as well as export consignments, while transporters ar
Published 03 Dec, 2011 12:00am
Government urged to allocate four percent of GDP for education

Government urged to allocate four percent of GDP for education

Vice-Chancellor Punjab University Professor Dr Mujahid Kamran has said that we could not fight international and imperial powers unless we would be able to compete them in creation of new knowledge. He said this while addressing the earth breaking ceremon
Published 03 Dec, 2011 12:00am
PTI, religious parties protest Nato aggression

PTI, religious parties protest Nato aggression

Pakistan Tehrik-i-Insaf (PTI) organised a rally while religious parties staged three protest demonstrations on Friday in Multan to protest against the unprovoked Nato attack on two checkposts and killing 24 soldiers. More than 150 activists of Jamaate-e-I
Published 03 Dec, 2011 12:00am
Industrialists, political activists slam Nato aggression

Industrialists, political activists slam Nato aggression

Rallies of industrialists, traders, and political workers and students were taken out in the four districts of the division here Friday to pay tribute to army martyrs and condemn American policies and Nato strike. The highly charged protesters were holdin
Published 03 Dec, 2011 12:00am
Need to conduct biotechnological agriculture research stressed

Need to conduct biotechnological agriculture research stressed

Leading bio-technologists at a seminar called for promotion of biotechnological research in the field of agriculture can help Pakistan ensure food security for its burgeoning population in addition to giving boost to its agricultural exports. This was the
Published 03 Dec, 2011 12:00am
Power shortage in SMEs: BSF starts $92 million smart energy programme

Power shortage in SMEs: BSF starts $92 million smart energy programme

The Business Support Fund (BSF) of the Ministry of Finance has initiated $92 million Smart Energy Programme to overcome energy shortage in Small and Medium Enterprises (SMEs). It is a joint venture with Smart Energy System. The programme to cut SMEs' ener
Published 03 Dec, 2011 12:00am
Call for cohesive efforts to help disabled

Call for cohesive efforts to help disabled

All segments of the society in general and the philanthropists in particular should act in unison to play their due role for ensuring all facilities from education-to-job-placement to the disabled persons for making them an active member of the society.
Published 03 Dec, 2011 12:00am
Farewell given to Justice Asad

Farewell given to Justice Asad

A formal send-off was held in honour of Justice Asad Munir of the Lahore High Court who retired here on Friday. LHC Chief Justice Sheikh Azmat Saeed and other judges of the court praised the services of Justice Munir. They presented him bouquet and saw hi
Published 03 Dec, 2011 12:00am
Public procurements: CCP making headway in curbing collusive bidding

Public procurements: CCP making headway in curbing collusive bidding

The Competition Commission of Pakistan (CCP) is making headway in curbing collusive bidding in public procurements as the Public Procurement Regulatory Authority (PPRA) has estimated $8 billion savings through revamped public procurement procedure.
Published 03 Dec, 2011 12:00am
Danish government supports female participation in media industry

Danish government supports female participation in media industry

The Danish International Development Agency (Danida) on Friday announced support for a media development program, which aims at mainstreaming gender in the Pakistani media industry as well as works towards creating a more balanced reporting on gender issu
Published 03 Dec, 2011 12:00am
Iesco makes arrangements on eve of Muharram

Iesco makes arrangements on eve of Muharram

Islamabad Electric Supply Company (Iesco) has made special arrangements from December 4 to 7 on the eve of Muharram-ul-Haram, while assigning special duties to Iesco's officers and officials to facilitates the consumers. The Iesco appeals to its all value
Published 03 Dec, 2011 12:00am
AG Office's clarification

AG Office's clarification

Attorney General for Pakistan office on Friday clarified that AG Maulvi Anwar-ul-Haq appeared before a nine-member bench in the case of memo controversy in which Pakistan former ambassador Hussain Haqqani allegedly wrote memo to Mike Mullen, on the court
Published 03 Dec, 2011 12:00am
Azam made director general PMI

Azam made director general PMI

Prime Minister Syed Yousuf Raza Gilani has appointed Muhammad Azam, Director (BS-19) to the post of Director General (BS-20), in the Pakistan Manpower Institute (PMI). The prime minister also appointed Rehmat Khan, Joint Director (Ex-Cadre/BS-19) to the p
Published 03 Dec, 2011 12:00am
Developmental projects in Fata: Finance releases Rs 1 billion to Safron

Developmental projects in Fata: Finance releases Rs 1 billion to Safron

Ministry of Finance released Rs 1 billion to State and Frontier Regions (Safron) for the execution of developmental projects in FATA under fast track development announced by Prime Minister Yousuf Raza Gilani. Secretary Safron informed the National Assemb
Published 03 Dec, 2011 12:00am
National Assembly panel for holding PEC election as per schedule

National Assembly panel for holding PEC election as per schedule

The National Assembly Standing Committee on Science and Technology Friday recommended election of Pakistan Engineering Council (PEC) according to schedule. The meeting, chaired by Dr Abdul Kadir Khanzada, discussed the nomination of election committee con
Published 03 Dec, 2011 12:00am
PNAC accredited dozens of testing and calibration labs

PNAC accredited dozens of testing and calibration labs

In yet another development to step up accreditation process, Federal Secretary Science and Technology noted that Pakistan National Accreditation Council (PNAC) has accredited dozens of Testing and Calibration Labs.
Published 03 Dec, 2011 12:00am
'New democratic era in Fata to enable people join mainstream politics'

'New democratic era in Fata to enable people join mainstream politics'

Khyber Pakhtunkhwa Governor, Barrister Masood Kausar on Friday said the advent of democratic process in Fata would not only strengthen democracy but also enable the tribal people to join the national political stream and play a role in the national politi
Published 03 Dec, 2011 12:00am
President for enhanced efforts to serve special persons

President for enhanced efforts to serve special persons

President Asif Ali Zardari called upon government institutions, civil society, philanthropists, and international community to make co-ordinated and concerted efforts to meet needs of special persons with disabilities.
Published 03 Dec, 2011 12:00am
PTCL will be first company to compete for 3G license

PTCL will be first company to compete for 3G license

The Chief Executive Officer (CEO) and President, Pakistan Telecommunication Company Limited (PTCL), Walid Irshaid, has said that his company is going for 3G and it will be the first to compete for a 3G license in Pakistan. "We have no option, but to succe
Published 03 Dec, 2011 12:00am
'State aid/bailouts as subsidies harmful for competition in economy'

'State aid/bailouts as subsidies harmful for competition in economy'

Member Competition Commission of Pakistan (CCP) Dr Joseph Wilson shared an interesting experience with the heads of the competition agencies that the use of state aid/bailouts as government subsidies for the public sector entities is harmful for competiti
Published 03 Dec, 2011 12:00am
Clarification

Clarification

In recent media reports impression is being created that the government is favouring the fertiliser sector by providing natural gas after curtailment from power sector. Petroleum & Natural Resources Secretary Mohammad Ejaz has clarified that the governmen
Published 03 Dec, 2011 12:00am
Call to share experiences by CCP, Indian competition agency

Call to share experiences by CCP, Indian competition agency

Chairman, Planning Commission's Task Force on National Competition Policy, India, Pradeep S Mehta said on Friday that the Competition Commission of Pakistan (CCP) and Indian competition agency should share their experiences taking into account the possibl
Published 03 Dec, 2011 12:00am
Industrial growth declines sharply: SCCI

Industrial growth declines sharply: SCCI

President, Sarhad Chamber of Commerce & Industry (SCCI), Afan Aziz has said economic viability, investment, industrial growth have sharply declined over the last many years because of unfavourable environment for investors in the province, whereas low len
Published 03 Dec, 2011 12:00am
Cement industry may be allowed to use 'tyre-derived fuel'

Cement industry may be allowed to use 'tyre-derived fuel'

The government is likely to allow the cement industry to use 'Tyre Derived Fuel' (TDF), which is a mix of about 80-88 percent carbon and oxygen, official sources told Business Recorder. Pakistan has 29 cement plants with total installed capacity of
Published 03 Dec, 2011 12:00am
Lesco unearths power theft of 2.8 million units

Lesco unearths power theft of 2.8 million units

The Lahore Electric Supply Company (Lesco) has unearthed stealing of 2.8 million units of electricity, causing Rs 70 million loss to the Company in total. According to Lesco Chief Sharafat Ali Sial, a power theft of 2.8 million units in the area of Shalam
Published 03 Dec, 2011 12:00am
FBR promotes 19 and 20-grade officials

FBR promotes 19 and 20-grade officials

The Federal Board of Revenue (FBR) has promoted 32 officials of Inland Revenue Service from Grade 19 to 20 and two officials from Grade 20 to 21. According to a notification issued on Friday, Muhammad Ashraf Khan on promotion to BS-21 has been transferred
Published 03 Dec, 2011 12:00am
Cloudy weather likely in Karachi

Cloudy weather likely in Karachi

The Met Office on Friday forecast partly cloudy weather for Karachi in the next 24 hours with maximum temperature between 31 degree centigrade and 33 degree centigrade. According to the office's weather report, a shallow trough of westerly wave is present
Published 03 Dec, 2011 12:00am
AJK joins global campaign against gender abuse

AJK joins global campaign against gender abuse

Civil Society Organisations in Azad Kashmir on Friday urged the government to tighten laws to protect women from violence and discriminations. In order to create awareness among general masses about women rights a 16-day campaign is underway in Azad Kashm
Published 03 Dec, 2011 12:00am
Sindh government once again overrules procedure

Sindh government once again overrules procedure

Sindh government has once again overruled the actual official procedure of appointments and advertised the vacancies of BPS 16 and 17 directly, instead of forwarding to Sindh Public Service Commission (SPSC), Business Recorder learnt on Friday. Sin
Published 03 Dec, 2011 12:00am
UoC, KEI to set up business, leadership school in Karachi

UoC, KEI to set up business, leadership school in Karachi

At a time when everything seems to be going haywire, British educational institutions of repute still look towards Pakistan as one of their important destinations to spread knowledge and develop leadership with an eye on future growth and development of t
Published 03 Dec, 2011 12:00am
APWA felicitates Sherry on her appointment

APWA felicitates Sherry on her appointment

The All Pakistan Women's Association (APWA) has felicitated Sherry Rehman on her appointment as the Ambassador of Pakistan to the United States. In a statement here on Friday, the President of APWA, Begum Laila Haroon Sarfaraz and the National Executive C
Published 03 Dec, 2011 12:00am
SECP issues draft of thermal energy cost accounting order for comments

SECP issues draft of thermal energy cost accounting order for comments

The SECP has developed, and approved, the draft of 'Thermal Energy (Cost Accounting Records) Order, 2011', for companies engaged in production, processing and generation of thermal energy/power. The companies engaged in generation of thermal energy are re
Published 03 Dec, 2011 12:00am
VRCs to remain closed on December 9 and 10

VRCs to remain closed on December 9 and 10

The UN Refugees Agency (UNHCR) on Friday announced that all the Voluntary Repatriation Centers (VRCs) in Peshawar and Quetta will remain closed on Monday and Tuesday the 5th and 6th December on account of 9th and 10th Muharram-ul-Haram. All UNHCR centers
Published 03 Dec, 2011 12:00am
ACE silent over corruption cases against former DCO, EDO Finance

ACE silent over corruption cases against former DCO, EDO Finance

The authorities of Anti-Corruption Establishment (ACE) have kept deep silence over the matter of alleged corruption of millions of rupees by former District Co-ordination Officer (DCO) Zulifqar Ali Shah and former Executive District Officer (EDO) Finance
Published 03 Dec, 2011 12:00am
Farmers advised to irrigate wheat crops

Farmers advised to irrigate wheat crops

Farmers of the agricultural plain areas have been advised to irrigate the just sown wheat crops keeping in view the prevailing dry weather. "Normally, first irrigation is given after 20-25 days after sowing," the Met Office said in its 10-day farmers' adv
Published 03 Dec, 2011 12:00am
Korean firms invited to invest in the city's uplift projects

Korean firms invited to invest in the city's uplift projects

Administrator Karachi Metropolitan Corporation (KMC) Muhammad Hussain Syed has invited the Korean firms to invest in the city's development projects and assured them of the government's complete co-operation. He extended the invitation during his meeting
Published 03 Dec, 2011 12:00am
Solar power plant with South Korean help to be established at LUH

Solar power plant with South Korean help to be established at LUH

With the assistance of Republic of Korea a 3.0 mega watt Solar Power Plant worth 20.0 million US dollars will be established at Liaquat University Hospital (LUH) Hyderabad this was expressed by H. E. Choong Joo Choi Ambassador of Republic of Korea during
Published 03 Dec, 2011 12:00am
US MIDDAY: gold moves up

US MIDDAY: gold moves up

Gold edged higher early on Friday to set the stage for its largest weekly gain in a month as it was supported by gains in equities, encouraging US jobs data, worries over inflation and more coordinated liquidity actions by central banks. Gold's gains, how
Published 03 Dec, 2011 12:00am
US MIDDAY: copper climbs

US MIDDAY: copper climbs

Copper posted its first weekly gain in five weeks on Friday as it pushed near $8,000 per tonne on the back of persistent inventory tightness and a move this week by central banks to boost liquidity. Copper rallied nearly 10 percent this week, outperformin
Published 03 Dec, 2011 12:00am
US MIDDAY: wheat stays up

US MIDDAY: wheat stays up

US wheat rose for the fifth day in a row on Friday as short sellers exited the market on increased hopes for a solution to the eurozone debt crisis and signs the US economy was healing. Spot wheat traded on the Chicago Board of Trade was up 7 percent for
Published 03 Dec, 2011 12:00am
Gold rises in London

Gold rises in London

Spot gold edged up on Friday as investors bought the metal along with other risk assets, encouraged by promising jobs data from the United States and signs that eurozone policymakers are working hard to resolve the debt crisis. The US unemployment rate fe
Published 03 Dec, 2011 12:00am
Gold steadies in Asia

Gold steadies in Asia

Spot gold was steady on Friday, after the euphoria around a coordinated effort to inject liquidity by central banks faded, ahead of a US employment report later today and a key eurozone summit next week. Spot gold edged down 0.1 percent to $1,742.20 an ou
Published 03 Dec, 2011 12:00am
Gold falls, palladium up in New York

Gold falls, palladium up in New York

Gold fell in light trade on Thursday, snapping a three-day rally, as the bullion market took a breather after the previous session's sharp gains and ahead of Friday's key US jobs report. Palladium surged almost 4 percent, putting it on track for its large
Published 03 Dec, 2011 12:00am
Cocoa declines

Cocoa declines

Cocoa futures trickled down to close at roughly three-year lows on Friday, while the upsurge in the US dollar pressured arabica coffee down more than 4 percent. Sugar futures also fell, although strength in the US crude oil market, prevented them from mak
Published 03 Dec, 2011 12:00am
US corn dips

US corn dips

US corn and soya ended lower on Thursday as weak fundamentals and concerns over global growth returned to weigh on markets that were lifted a day earlier when central banks intervened in the eurozone crisis. "Export sales were poor for corn and beans, we'
Published 03 Dec, 2011 12:00am
Palm oil edges up

Palm oil edges up

Malaysian palm oil futures gained on Friday, reversing earlier losses as prospects of lower production and expectations of rising demand overshadowed lingering concerns about the health of the global economy. Industry sources expect lower production in No
Published 03 Dec, 2011 12:00am
Tokyo rubber flat; Shanghai lower

Tokyo rubber flat; Shanghai lower

Tokyo rubber futures ended flat on Friday even though players took profits ahead of the weekend after recent rises, with limited supplies in major producing countries and firm oil prices lending support, dealers said. The benchmark rubber contract on the
Published 03 Dec, 2011 12:00am
Oil prices soar on Iran risk, US jobs

Oil prices soar on Iran risk, US jobs

Brent crude oil futures closed higher on Friday as a sharp fall in the US unemployment rate bode well for oil demand and as geopolitical tensions over Iran's nuclear program raised fears of supply disruptions. US crude seesawed near flat after giving up i
Published 03 Dec, 2011 12:00am
Copper rises two percent

Copper rises two percent

Copper rose almost 2 percent on Friday and was on track for its first weekly gain in five weeks, spurred by a move this week by central banks to boost liquidity though worries remained about the eurozone debt crisis. Benchmark three-month copper on the Lo
Published 03 Dec, 2011 12:00am
Shanghai copper up

Shanghai copper up

The most-active February copper on the Shanghai Futures Exchange gained 0.2 percent to close at 58,060 yuan a tonne on Friday. "Wednesday's liquidity injection has been a game changer in terms of the technicals, where a number of resistance levels have no
Published 03 Dec, 2011 12:00am
US copper drops

US copper drops

Copper shed more than 1 percent on Thursday, pressured by poor Chinese manufacturing data that fed fears about sluggish demand prospects from the world's top red metal buyer. "After such a sharp move on what (the central bank action) was basically an item
Published 03 Dec, 2011 12:00am
Palm oil set for a bull market in 2012

Palm oil set for a bull market in 2012

Weaker growth in Southeast Asian palm oil production and normal demand expansion will set the stage for a bull market next year, leading industry analyst -Dorab Mistry said on Friday. "For the next one year it will be a tug of war between bullish fundamen
Published 03 Dec, 2011 12:00am
Suu Kyi praises US engagement

Suu Kyi praises US engagement

Pro-democracy leader Aung San Suu Kyi welcomed on Friday renewed US engagement with Myanmar, saying she hoped it would set her long-isolated country on the road to democracy. US Secretary of State Hillary Clinton held a final meeting with Suu Kyi as she w
Published 03 Dec, 2011 12:00am
Yemen Prime Minister warns transition at risk; eight dead in Taiz

Yemen Prime Minister warns transition at risk; eight dead in Taiz

At least five civilians and three soldiers were killed in the protest hotbed city of Taiz on Friday, and the head of a new government meant to prevent civil war in Yemen said a week-old political pact might unravel if the bloodshed went on. A deal to ease
Published 03 Dec, 2011 12:00am
Riot police block protesters at UN climate talks

Riot police block protesters at UN climate talks

South African riot police on Friday blocked hundreds of protesters, mostly women farmers, from entering UN climate talks in Durban, according to an AFP photographer on the scene. The demonstrators attempted to break through barriers surrounding the confer
Published 03 Dec, 2011 12:00am
US hands main war base, Saddam palaces back to Iraq

US hands main war base, Saddam palaces back to Iraq

The US military passed a milestone in its pending withdrawal from Iraq on Friday, vacating its vast main base near Baghdad airport that once housed the American war operations hub and hosted a captive Saddam Hussein before his execution. Victory Base Comp
Published 03 Dec, 2011 12:00am
Nine killed in attacks

Nine killed in attacks

Bomb and gun attacks in Iraq killed nine people, including four anti-Qaeda militiamen, and wounded 30 others, security officials said on Friday. "Four people were killed and seven wounded in two attacks by roadside bombs in the Taji area," just north of B
Published 03 Dec, 2011 12:00am
Biden urges Turkey to impose new sanctions on Iran

Biden urges Turkey to impose new sanctions on Iran

US Vice President Joe Biden has urged Turkey to impose new sanctions against Iran and praised Ankara for its role in pressuring Syria to stop its bloody crackdown on protesters. Biden's comments published Friday in the Turkish daily Hurriyet raise further
Published 03 Dec, 2011 12:00am
Khatami warns EU, UN against backing Britain

Khatami warns EU, UN against backing Britain

Crowds chanted "Death to Britain" at Tehran University on Friday prayers as a hard-line Iranian cleric warned the United Nations and European Union against siding with London after students and militia stormed the British Embassy in Tehran. Cleric Ahmad K
Published 03 Dec, 2011 12:00am
Iranian diplomats leave Britain

Iranian diplomats leave Britain

Diplomats at the Iranian embassy in London left Britain on Friday after being expelled following the storming of the British embassy in Tehran, the Foreign Office said. "I can confirm that, earlier this afternoon, all diplomatic staff of the Iranian embas
Published 03 Dec, 2011 12:00am
Protesters demand 'saving' Jordan from corruption

Protesters demand 'saving' Jordan from corruption

More than a thousand Jordanian protesters demonstrated Friday in central Amman calling for the country to be saved from corruption and demanding regime reforms. "Saving Jordan from corruption is a national duty," read a banner carried by the protesters, i
Published 03 Dec, 2011 12:00am
US panel okays China solar panel unfair trade probe

US panel okays China solar panel unfair trade probe

A US trade panel on Friday approved an investigation into charges of unfair Chinese trade practices in the solar energy sector, setting the stage for possible steep US duties and ratcheting up tensions with Beijing on the green trade front. The US Interna
Published 03 Dec, 2011 12:00am
Bhopal survivors protest Dow's Olympic sponsorship

Bhopal survivors protest Dow's Olympic sponsorship

Hundreds of survivors of the world's worst industrial disaster burned effigies of two Olympics officials Friday to protest Dow Chemicals' sponsorship of the London Games. The protests were on the eve of the 27th anniversary of the disaster in Bhopal, Indi
Published 03 Dec, 2011 12:00am
Indian government slams political gamesmanship on retail reform

Indian government slams political gamesmanship on retail reform

India's finance minister on Friday blamed "narrow" politics for the storm over plans to open the nation's huge retail sector to global competition that paralysed parliament for a second week. The move to allow foreign investment by Wal-Mart and other supe
Published 03 Dec, 2011 12:00am
Nestle fined by Venezuela in milk probe

Nestle fined by Venezuela in milk probe

Venezuela has fined the Swiss food giant Nestle $88,000 under a new consumer protection law for holding back some 25 tons of powdered milk for infants, news reports said Friday. Officials said Nestle had retained the milk in its warehouses in eastern Vene
Published 03 Dec, 2011 12:00am
Despite concerns, Euro organisers give thumbs up

Despite concerns, Euro organisers give thumbs up

Hours before Friday's Euro 2012 draw, the organisers have insisted next year's tournament will be a huge success, despite concerns here about a lack of hotel rooms and inadequate infrastructure. "Euro 2012 will be a resounding success, a milestone in the
Published 03 Dec, 2011 12:00am
PSG slump as three clubs make Europa last 32

PSG slump as three clubs make Europa last 32

Schalke 04, Lokomotiv Moscow and Stoke City sealed places in the last 32 of the Europa League but a 2-0 defeat at Salzburg left Paris St Germain coach Antoine Kombouare looking over his shoulder on Thursday. The French side were leapfrogged by Salzburg in
Published 03 Dec, 2011 12:00am
Last-hole birdie gives McDowell Sun City lead

Last-hole birdie gives McDowell Sun City lead

Graeme McDowell of Northern Ireland brushed aside a back-nine double-bogey seven to birdie the last hole on Friday and take a one-stroke halfway lead in the Nedbank Golf Challenge. The gritty 2010 US Open champion carded a five-under-par 67 - the lowest s
Published 03 Dec, 2011 12:00am
Nadal hands Spain Davis Cup final lead

Nadal hands Spain Davis Cup final lead

Rafael Nadal brushed aside Juan Monaco 6-1, 6-1, 6-2 to give Spain the first point of the Davis Cup final against Argentina here on Friday. David Ferrer and Juan Martin Del Potro meet later in the second singles rubber at the Estadio Olimpico, and history
Published 03 Dec, 2011 12:00am
Ferrari, Red Bull leave team association

Ferrari, Red Bull leave team association

Ferrari and world champions Red Bull have both decided to withdraw from the Formula One Teams Association (FOTA), the organisation announced on Friday, amid a row over how to reduce costs in the sport. The teams confirmed their intention to pull out on Fr
Published 03 Dec, 2011 12:00am
Collingwood eyes England comeback

Collingwood eyes England comeback

Former England one-day captain Paul Collingwood is hoping stints at domestic level in Australia and India can help him force his way back into his country's limited overs set-up. Collingwood, now 35, retired from Tests after the triumphant Ashes series la
Published 03 Dec, 2011 12:00am
MacGill out of retirement for Big Bash

MacGill out of retirement for Big Bash

Former Australian Test leg spinner Stuart MacGill announced Friday he was coming out of retirement to play for the Sydney Sixers in the domestic Big Bash competition. MacGill, who retired from international cricket in 2008 with 208 Test wickets at an aver
Published 03 Dec, 2011 12:00am
Ponting leads Australian fightback

Ponting leads Australian fightback

Ricky Ponting, searching for an elusive century to save his Test career, led an Australian fightback on the second day of the first Test against New Zealand at the Gabba on Friday. Ponting, without a century in his previous 28 Test innings and under press
Published 03 Dec, 2011 12:00am
J-League set for thrilling climax

J-League set for thrilling climax

Japan's J-League is set for a grandstand finish this weekend with the top three clubs all capable of snatching the title as they head into the last round separated by just two points. Surprise package Kashiwa Reysol, who lead by a point, can become champi
Published 03 Dec, 2011 12:00am
Wozniacki hires Sanchez as new coach

Wozniacki hires Sanchez as new coach

World tennis number one Caroline Wozniacki of Denmark has hired Spaniard Ricardo Sanchez as her new coach, Danish daily Ekstra Bladet reported Friday. Sanchez has until now coached former number one Jelena Jankovic of Serbia. He will replace Piotr Wozniac
Published 03 Dec, 2011 12:00am
Money markets reluctant to price much more easing

Money markets reluctant to price much more easing

Any dovish signals from the European Central Bank at its meeting next week could give investors the green light to start pricing in unprecedented monetary easing and may trigger a sharp fall in short-term eurozone interest rates. Money market rates are fu
Published 03 Dec, 2011 12:00am
Asian FX set for weekly gains

Asian FX set for weekly gains

Emerging Asian currencies are poised for their first weekly gain since late October buoyed by the joint central bank action and some short-covering, although caution ahead of the US jobs data and dollar-buying by regional central banks kept them subdued o
Published 03 Dec, 2011 12:00am
Indian rupee snaps four-week losing streak

Indian rupee snaps four-week losing streak

The Indian rupee snapped a four-week losing trend, adding 2 percent on the week, on robust dollar inflows into domestic bonds and supported by gains in world stocks following six major central banks' move to cut funding costs for banks. The partially conv
Published 03 Dec, 2011 12:00am
Australian and New Zealand dollars hold gains

Australian and New Zealand dollars hold gains

The Australian and New Zealand dollars held on to recent hefty gains in a quiet session on Friday, ahead of the closely-watched US non-farm payrolls report and an event-packed week in Australia. The Aussie dollar stood at $1.0221, barely changed from late
Published 03 Dec, 2011 12:00am
Euro keeps rising

Euro keeps rising

The euro rose against the dollar for a fourth straight session on Thursday, a trend that could continue if upcoming US jobs data adds fuel to risk appetite. While the single-currency was buoyed by generally successful Spanish and French debt auctions, tra
Published 03 Dec, 2011 12:00am
Early trade in New York: Euro rises for fifth day

Early trade in New York: Euro rises for fifth day

The euro rose for a fifth straight session against the dollar on Friday, bolstered by speculation that the European Central Bank may lend to weak eurozone countries through the International Monetary Fund. The drop in US unemployment rate to 8.6 percent l
Published 03 Dec, 2011 12:00am
Euro gains in London

Euro gains in London

The euro rose against the dollar on Friday on expectations that US jobs data would show the economy slowly recovering and on talk of the possibility the European Central Bank may lend to weak eurozone countries via the IMF. The talk sparked hopes of some
Published 03 Dec, 2011 12:00am
Euro consolidates in Asia

Euro consolidates in Asia

The euro struggled to make much headway on Friday, consolidating this week's gains as traders stuck to the sidelines ahead of a crucial US jobs report and event-packed week that could prove decisive for the currency bloc. The non-farm payrolls report is e
Published 03 Dec, 2011 12:00am
Sterling off highs

Sterling off highs

Sterling gave up gains against the dollar on Friday, as investors booked profits on a move higher in riskier currencies after better-than-expected headline US jobs data with a gloomy UK economic outlook also weighing on sentiment. US employment growth pic
Published 03 Dec, 2011 12:00am
Yuan ends up

Yuan ends up

The yuan ended up against the dollar on Friday, brushing the lower end of its daily trading band in the morning although it pulled away slightly later, underlining strong market demand for the US currency. "Dollar liquidity is still quite tight in the mar
Published 03 Dec, 2011 12:00am
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