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Archive - 2011-12-04
Obama condolences for airstrike deaths
Top News

Obama condolences for airstrike deaths

WASHINGTON : President Barack Obama on Sunday expressed condolences to Pakistan 's President Asif Ali Zardari for the d
Published 04 Dec, 2011 06:13pm
Zakat Council approved Rs 870m
Top News

Zakat Council approved Rs 870m

LAHORE: Provincial Zakat Council Punjab (PZCP) has approved the first six-month budget for 2011-12 over Rs 870 million f
Published 04 Dec, 2011 01:22pm
Crisis Cells established zonal police
Top News

Crisis Cells established zonal police

KARACHI: Inspector General Police (IGP) Sindh Mushtaq Shah has directed all zonal police officers including all DIGs in
Published 04 Dec, 2011 05:28am
Milk prices register massive increase
Top News

Milk prices register massive increase

TAHIR AMIN ISLAMABAD : The prices of most of the essential kitchen items registered increase in November as compared
Published 04 Dec, 2011 05:21am
Pulses import down by $12.284mn
Top News

Pulses import down by $12.284mn

RECORDER REPORT KARACHI : Import of the pulses declined by 24 percent or $12.284 million to $37.406 million in Octobe
Published 04 Dec, 2011 05:17am
PCDMA team leaves for India tomorrow
Top News

PCDMA team leaves for India tomorrow

RECORDER REPORT KARACHI : A trade delegation led by Chairman, Pakistan Chemicals and Dyes Merchant Association (PCD
Published 04 Dec, 2011 05:09am
BoI seeks ST zero-rating on CNG buses
Top News

BoI seeks ST zero-rating on CNG buses

MUSHTAQ GHUMMAN ISLAMABAD : The Board of Investment (BOI) has sought approval of the Cabinet Committee on Investment
Published 04 Dec, 2011 04:36am
Ogra not to deal with gas theft cases
Top News

Ogra not to deal with gas theft cases

ABDUL RASHEED AZAD ISLAMABAD : The government decided in principle that the Oil and Gas Regulatory Authority (Ogra) w
Published 04 Dec, 2011 04:34am
'Special grant for Sehwan town development approved'

'Special grant for Sehwan town development approved'

President Asif Ali Zardari has approved a special grant of Rs 200 millions for development projects of Sehwan Town and the shrine of great saint Hazrat Usman Marvandi Lal Shahbaz Qalandar. While addressing an open 'kutchery', in Jamshoro on Saturday, Memb
Published 04 Dec, 2011 12:00am
Will genetically modified 'Bt Cotton' increase yields in Pakistan?

Will genetically modified 'Bt Cotton' increase yields in Pakistan?

How to increase the yield of cotton to meet the growing domestic demand of a growing population and export-oriented textile sector has remained a dilemma for Pakistani cotton since 1990s. Local perceptions and myth are that Bt cotton increases yields, but
Published 04 Dec, 2011 12:00am
Survey of two BRTS corridors completed

Survey of two BRTS corridors completed

Japan International Co-operation Agency (JICA) has completed the survey of two corridors of Karachi for Bus Rapid Transit System (BRTS), including the corridors from Surjani Town to Tower and from Safoora Goth to Regal Chowk via Preedy Street, it was lear
Published 04 Dec, 2011 12:00am
Ebad for ensuring participation of community in anti-polio drive

Ebad for ensuring participation of community in anti-polio drive

Sindh Governor Dr Ishrat-ul-Ebad Khan has expressed concern over non-realisation of results of anti-polio drive in the province. Chairing a meeting at the Governor House here on Saturday, he directed that the regular monitoring of the drive in this respec
Published 04 Dec, 2011 12:00am
Panic and defiance over Memogate?

Panic and defiance over Memogate?

Was it the sign of panic gripping the government or an expression of defiance that former law and parliamentary affairs minister Babar Awan exhibited as he met the media following the Supreme Court order instituting a commission to investigate the Memogat
Published 04 Dec, 2011 12:00am
An historic event?

An historic event?

Hillary Clinton's recent visit to Myanmar is being described as historic because it was first such visit by a US secretary of state in 50 years. No less important is the fact that the top American diplomat spent three days in a country that has remained a
Published 04 Dec, 2011 12:00am
Bank security

Bank security

November 2011 witnessed a record number of bank robberies in 'peacetime' because what happened in the last week of December 2007 doesn't fall within the definition of the current Pakistani version of peacetime. But this was inevitable given the way securi
Published 04 Dec, 2011 12:00am
Egyptian expatriates eye more than the right to vote

Egyptian expatriates eye more than the right to vote

Ibrahim Seweilam, an Egyptian living in oil-rich Saudi Arabia for 18 years now, is particularly happy these days. "For the first time in my life, I feel proud of being Egyptian after getting the right to vote in my country's elections," Seweilam, 52, said
Published 04 Dec, 2011 12:00am
South Sudanese children succumbing to preventable diseases

South Sudanese children succumbing to preventable diseases

Nyaluak Elizabeth watches over her tiny baby son, after trekking for three hours to reach the remote clinic at Nyal, a rare medical outpost in South Sudan's giant Sudd swamplands. Flies buzz around his face, but baby Daniel's eyes barely blink, while his
Published 04 Dec, 2011 12:00am
Intolerance among politicians

Intolerance among politicians

The recent utterances of Punjab Chief Minister at a rally against President of Pakistan in Lahore and its strong reaction by leaders and workers of PPP Sindh attacking Muslim League leaders and workers and putting on fire their houses and offices, is rath
Published 04 Dec, 2011 12:00am
Self-motivation

Self-motivation

Each day begins with some good or bad news. Each evening, there are endless allegations and criticism on talk shows resulting in bad moods and further lowering of morale. Emotional problems are rising and mostly people are showing signs of desperation on
Published 04 Dec, 2011 12:00am
Transparency is the hallmark of Punjab government: Shahbaz

Transparency is the hallmark of Punjab government: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that transparency is the hallmark of Punjab government and timely completion of all the development projects is being ensured. He said that besides improving the infrastructure, an effective strategy is being
Published 04 Dec, 2011 12:00am
Meeting reviews dengue eradication progress

Meeting reviews dengue eradication progress

Punjab Chief Minister, Shahbaz Sharif presided over a meeting to review the situation of dengue-virus in the province, steps taken for its eradication and provision of diagnostic facilities to the people at reasonable rates. Various decisions were taken i
Published 04 Dec, 2011 12:00am
World Day for the disabled held

World Day for the disabled held

World Day for Disabled was commemorated at Special Education and Training Center (SETC) here at Johar Town on Saturday. The special children presented colourful programmes, while an exhibition of handicraft, manufactured by disabled children also held on
Published 04 Dec, 2011 12:00am
Flood survivors: Punjab chief minister to inaugurate village next week

Flood survivors: Punjab chief minister to inaugurate village next week

Punjab Chief Minister, Shahbaz Sharif will inaugurate next week a village constructed for flood affectees comprising 82 houses designed and constructed on modern lines with all the basic amenities in Basti Khara Niazi (Muzaffargarh). This village has been
Published 04 Dec, 2011 12:00am
LDA, Wasa invite job applications

LDA, Wasa invite job applications

Lahore Development Authority (LDA) and Water and Sanitation Agency (WASA) have invited applications for vacant posts. LDA has invited applications for recruitment to various posts of grade 1 to 14 by December 20 including 20 vacancies for office assistant
Published 04 Dec, 2011 12:00am
Survey shows closure of numerous textile mills in Faisalabad region

Survey shows closure of numerous textile mills in Faisalabad region

The textile industry has grown rapidly over the years, but has faced downfall over the last decade with numerous textile mills and industries failing to contribute to the economy of Pakistan and sustain profitability. The textile mills have faced acute po
Published 04 Dec, 2011 12:00am
Cotton arrivals show 15.47 percent rise in production

Cotton arrivals show 15.47 percent rise in production

The Pakistan Cotton Ginners Association (PCGA) fortnightly report shows that around 9.65 million cotton bales were sourced to the country's ginners by December 1, 2011. According to the report, there has been a 15.47 percent increase in the quantum of cot
Published 04 Dec, 2011 12:00am
Minister underscores needs for unity during Muharram

Minister underscores needs for unity during Muharram

Federal Minister for Information and Broadcasting Dr Firdous Ashiq Awan on Saturday said the government was committed to maintain law and order during Muharram at all cost in the country. She stressed the people to forge unity among their ranks and foil c
Published 04 Dec, 2011 12:00am
More 'high dependency units' being set up at LGH

More 'high dependency units' being set up at LGH

In order to upgrade medical facilities for serious patients admitted at Lahore General Hospital (LGH), more High Dependency Units are being established so that such patients could be treated timely and effectively. This was informed by Professor Dr Tariq
Published 04 Dec, 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 78.49 cents per lb, effective through December 8. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton. The next announ
Published 04 Dec, 2011 12:00am
IN SHORT: Egypt sells cotton

IN SHORT: Egypt sells cotton

Egypt's Alexandria Cotton Exporters' Association (Alcotexa) committed to sell 1,567 tonnes of cotton in the week that ended on November 26, an Alcotexa official said on Tuesday. The sales comprised 450 tonnes of Giza 88 and 1,117 tonnes of Giza 86, the of
Published 04 Dec, 2011 12:00am
IN SHORT: Sumatra coffee bean exports fall

IN SHORT: Sumatra coffee bean exports fall

Indonesia's robusta coffee bean exports for November fell 74 percent to 5,948.18 tonnes from a year earlier, government trade data showed on Friday. Indonesia shipped 23,071.76 tonnes of robusta coffee in the same month a year ago. Shipments also fell 18
Published 04 Dec, 2011 12:00am
IN SHORT: Indonesia sees no more rice imports

IN SHORT: Indonesia sees no more rice imports

Indonesia's government sees no need to issue further permits to import rice into Southeast Asia's largest economy this year, since state procurement agency Bulog's stocks of the staple grain are expected to be at 1.8 million tonnes by end-2011, chief econ
Published 04 Dec, 2011 12:00am
IN SHORT: Japan's copper exports jump

IN SHORT: Japan's copper exports jump

Japan's exports of refined copper surged 40 percent in October from a year earlier to 50,305 tonnes, buoyed by a 50 percent jump in sales to China, data from the Ministry of Finance showed on Wednesday. Amid talk of a slowdown in the Chinese economy, dema
Published 04 Dec, 2011 12:00am
IN SHORT: Philippines to hold meeting on rice

IN SHORT: Philippines to hold meeting on rice

Major rice buyer the Philippines could finalise the volume and timing of its 2012 rice imports on December 6 and start buying in January, an official said on Tuesday. "Preparation for any tender will take at least a month," National Food Authority (NFA) A
Published 04 Dec, 2011 12:00am
Commodity prices rally on euro boost

Commodity prices rally on euro boost

Commodity prices rallied last week as the dollar weakened against the euro in reaction to global efforts to tackle an escalating eurozone debt crisis, analysts said. The dollar won back some ground on Friday as traders booked profits ahead of next week's
Published 04 Dec, 2011 12:00am
US gold up

US gold up

Gold edged higher on Friday, posting its largest weekly gain in over a month as it was supported by worries over inflation after encouraging US payrolls data indicated a strengthening labour market. Gold's gains were limited by technical resistance from a
Published 04 Dec, 2011 12:00am
Chinese cotton importers reduce bookings

Chinese cotton importers reduce bookings

Chinese cotton importers are refraining from booking shipments before April because of uncertainty over the timing and volume of sliding-tariff quotas for 2012, according to a report on an industry web site on Wednesday.
Published 04 Dec, 2011 12:00am
Asian rice prices seen at $642.5/T by year end

Asian rice prices seen at $642.5/T by year end

Asian rice prices are expected to rise about 4 percent by the end of 2011, supported by government intervention in Thailand, but trading is likely to be thin as buyers have already sealed deals for year-end demand, a Reuters poll showed on Monday.
Published 04 Dec, 2011 12:00am
New York cotton ends thin, featureless day higher

New York cotton ends thin, featureless day higher

Cotton futures ended the week with modest gains in the middle of a lower range amid light volume, as mills work down their inventories, analysts said on Friday. Key March cotton futures closed 0.54 cent higher at 91.84 cents per lb. It set its second insi
Published 04 Dec, 2011 12:00am
Cameroon cocoa exports at 64,937 tonnes

Cameroon cocoa exports at 64,937 tonnes

Cameroon exported 27,524 tonnes of cocoa beans in the month of October, bringing the total for the season so far to 64,937 tonnes, according to statistics from the National Cocoa and Coffee Board (NCCB) sent to Reuters. That is down on the 69,702 tonnes e
Published 04 Dec, 2011 12:00am
China backs off as Tocom bounces; Indonesia shy

China backs off as Tocom bounces; Indonesia shy

China, the world's largest rubber consumer, was on the sidelines because of a rebound in Tokyo futures, while Thai sellers held on to their inventory after floods hit the country's main growing area, dealers said on Tuesday. Indonesia, the world's second-
Published 04 Dec, 2011 12:00am
Asian sugar: China sniffs around; Thai raw premiums soften

Asian sugar: China sniffs around; Thai raw premiums soften

Chinese buyers reappeared in the physical market this week but stopped short of striking any deals, while Thai raw sugar premiums slipped as crushing picked up in Thailand, dealers said on Wednesday. More than 900,000 tonnes of cane have been crushed in T
Published 04 Dec, 2011 12:00am
England beat Pakistan in Champions Trophy opener

England beat Pakistan in Champions Trophy opener

England came from behind to snatch a 2-1 win over Pakistan in their opening match of the Champions Trophy hockey tournament here on Saturday at North Harbour hockey stadium. Wild card entrants, Pakistan failed to overcome a English team and strong windy c
Published 04 Dec, 2011 12:00am
Special Olympic games held at Tanzeem Al Lisan

Special Olympic games held at Tanzeem Al Lisan

Special Olympic games were held here at main campus of Tanzeem Al Lisan Dhobi Ghat to mark the world day for special persons. DCO Naseem Sadiq was the chief guest on the occasion and he inaugurated the special Olympic games by lighting the torch and leavi
Published 04 Dec, 2011 12:00am
Thousands protest in India over Olympics sponsor

Thousands protest in India over Olympics sponsor

Thousands protested in India Saturday against the country's decision to compete in the London Olympics despite sponsorship of the Games by a US firm linked to the 1984 Bhopal gas tragedy. Marking the 27th anniversary of the industrial disaster which kille
Published 04 Dec, 2011 12:00am
Kashiwa win J-League title

Kashiwa win J-League title

Kashiwa Reysol became the first team to win the J-League title in their first year after promotion from the second division when they defeated Urawa Red Diamonds 3-1 on Saturday. Kashiwa finished with 23 wins, three draws and eight defeats for 72 points,
Published 04 Dec, 2011 12:00am
Holland, Portugal, Germany in dream Euro battle

Holland, Portugal, Germany in dream Euro battle

Heavyweights Holland, Germany and Portugal will face off at the Euro 2012 finals with defending champions Spain tackling Italy while Friday's draw also paired England against cross-Channel rivals France. The tournament kicks off on June 8, when Poland pla
Published 04 Dec, 2011 12:00am
Pakistan win Bangladesh ODI series

Pakistan win Bangladesh ODI series

Ruthless Pakistan drubbed Bangladesh by 76 runs in the second One-day international in Dhaka on Saturday to take a decisive 2-0 lead in the three-match series. Umar Akmal scored 59 and Shahid Afridi hit 42 off 27 balls as Pakistan piled up 262-7 after the
Published 04 Dec, 2011 12:00am
Clarke century puts Aussies in charge

Clarke century puts Aussies in charge

Michael Clarke hit a charmed century while Ricky Ponting and Brad Haddin eased the pressure on their Test careers with half-centuries as Australia took charge of the first Test against New Zealand at the Gabba on Saturday. Helped by sloppy Kiwi fielding,
Published 04 Dec, 2011 12:00am
City extend lead, Chelsea drub Newcastle

City extend lead, Chelsea drub Newcastle

Manchester City extended their lead at the top of the Premier League to seven points with a 5-1 win over Norwich, while Chelsea defeated Newcastle 3-0 to ease the pressure on beleaguered boss Andre Villas-Boas on Saturday. Roberto Mancini's side took the
Published 04 Dec, 2011 12:00am
Argentina stay alive in Davis Cup final

Argentina stay alive in Davis Cup final

Argentina kept their Davis Cup final hopes alive on Saturday when David Nalbandian and Eduardo Schwank defeated Spain's Feliciano Lopez and Fernando Verdasco 6-4, 6-2, 6-3 to cut the deficit to 2-1. The result means the final will be decided on Sunday whe
Published 04 Dec, 2011 12:00am
Myanmar reaches deal with major rebel group

Myanmar reaches deal with major rebel group

Myanmar has reached a cease-fire deal with one of the war-torn country's major ethnic guerrilla groups, a mediator said Saturday, in the latest sign the new army-backed regime is reaching out to its opponents. The pact was signed Friday by representatives
Published 04 Dec, 2011 12:00am
Bhopal disaster protesters block trains

Bhopal disaster protesters block trains

Thousands of survivors of the world's worst industrial accident blocked trains through a central Indian city on Saturday to demand more compensation. The protest came on the 27th anniversary of the disaster in Bhopal, where a Union Carbide pesticide plant
Published 04 Dec, 2011 12:00am
23 dead as UN slams Syria rights violations

23 dead as UN slams Syria rights violations

Eleven civilians were among 23 people killed in Syria on Saturday, a day after the UN Human Rights Council urged tougher action against Damascus and condemned its "gross violations" of human rights. The fresh bloodletting came despite the UN resolution wh
Published 04 Dec, 2011 12:00am
France reduces Tehran embassy staff amid backlash

France reduces Tehran embassy staff amid backlash

France is to pull out part of its diplomatic staff from Tehran following the ransacking of Britain's embassy this week by a pro-regime mob, adding to the backlash on Saturday against an increasingly defensive Iran. The decision - a temporary precaution ac
Published 04 Dec, 2011 12:00am
Lively Chavez hosts Latin American peers, snubs US

Lively Chavez hosts Latin American peers, snubs US

Displaying new vigor after cancer treatment, Venezuela's President Hugo Chavez hosted fellow Latin American leaders to launch a new regional body on Friday that pointedly excludes the United States. The inauguration of the 33-member Community of Latin Ame
Published 04 Dec, 2011 12:00am
Bahrain hires British former top cop for reforms

Bahrain hires British former top cop for reforms

Bahrain has hired John Yates, who resigned from his senior post at London's Metropolitan Police Service earlier this year over a newspaper phone hacking scandal, to oversee reform of the Gulf Arab state's police force, the Daily Telegraph reported on Satu
Published 04 Dec, 2011 12:00am
WWII-era bomb prompts Germany's biggest post-war evacuation

WWII-era bomb prompts Germany's biggest post-war evacuation

Tens of thousands of people were on Saturday being evacuated from the western German city of Koblenz where a large World War II bomb has been discovered. The 1.8-ton bomb that is believed to have been dropped by the British air force and a second smaller
Published 04 Dec, 2011 12:00am
Five killed in Iraq attacks

Five killed in Iraq attacks

Gun and bomb attacks in Iraq killed five people, including an army brigadier general, and wounded three others on Saturday, security officials said. Unknown gunmen shot dead army Brigadier General Fadhel al-Azul and his wife in the Urr neighbourhood in no
Published 04 Dec, 2011 12:00am
Extent of 'honour' crimes exposed in Britain

Extent of 'honour' crimes exposed in Britain

More than 2,800 so-called honour attacks - punishments for bringing shame on the family - were recorded by Britain's police last year, according to figures released Saturday. At least 2,823 incidents of "honour-based" violence took place, with the highest
Published 04 Dec, 2011 12:00am
Islamists, secularists in Tunisia stand-off

Islamists, secularists in Tunisia stand-off

Thousands of Tunisian Islamists and secularists staged parallel protests outside the interim parliament on Saturday in a dispute over how big a role Islam should play in society after the country's "Arab Spring" revolution. Tensions have been running high
Published 04 Dec, 2011 12:00am
WikiLeaks founder says governments 'curbing' freedoms

WikiLeaks founder says governments 'curbing' freedoms

WikiLeaks founder Julian Assange said Saturday that governments world-wide are curbing personal liberty, privacy and free speech by misusing technology. "Bulk surveillance of entire nations is on," Assange said in an address from Britain via video to a me
Published 04 Dec, 2011 12:00am
Canadian professor mistakenly named Italian minister

Canadian professor mistakenly named Italian minister

In the shakeup of Italian politics, a Canadian agronomy professor was mistakenly recruited to be Italy's next junior minister for agriculture, he revealed Saturday. Francesco Braga, 53, teaches derivatives at the University of Guelph in south-western Onta
Published 04 Dec, 2011 12:00am
Cain suspends US presidential campaign

Cain suspends US presidential campaign

Herman Cain said Saturday he is suspending his campaign for the Republican nomination for the US presidency, citing the pain caused to his family of allegations sexual misconduct. "I am suspending my presidential campaign because of the continued distract
Published 04 Dec, 2011 12:00am
36 killed in Brazil road accident

36 killed in Brazil road accident

At least 36 people were killed Saturday in a crash between a truck and bus carrying farm workers in Brazil's north-eastern state of Bahia, highway police said. A police spokeswoman told AFP that authorities were still investigating the cause of the accide
Published 04 Dec, 2011 12:00am
Israel must 'mend fences' to end isolation: US

Israel must 'mend fences' to end isolation: US

US Defence Secretary Leon Panetta on Friday urged Israel to try and end its increasing regional "isolation" by repairing diplomatic ties with Egypt and Turkey and renewing peace efforts with the Palestinians. "Unfortunately, over the past year, we've seen
Published 04 Dec, 2011 12:00am
Rise in Asian women trafficked into China

Rise in Asian women trafficked into China

An increasing number of women from Southeast Asia are being smuggled into China and sold into marriage or forced to work as prostitutes, a state media report said Saturday. "The number of foreign women trafficked to China is definitely rising," the report
Published 04 Dec, 2011 12:00am
Indian boy 'killed for sharing higher-caste name'

Indian boy 'killed for sharing higher-caste name'

A 14-year-old low-caste "untouchable" was strangled in northern India because he shared his first name with a higher-caste youth, police said on Saturday. Neeraj Kumar, was allegedly kidnapped and strangled by a group of boys led by 23-year-old Neeraj Cha
Published 04 Dec, 2011 12:00am
Finance questions raised in draft UN climate paper

Finance questions raised in draft UN climate paper

Taxes on financial transactions, part of a $100 billion fund for climate change projects, were not present in a draft document of a major working group released on Saturday, raising questions about how the fund's coffers will be filled. The draft negotiat
Published 04 Dec, 2011 12:00am
Tom Cruise 'excited' to be in India for MI4

Tom Cruise 'excited' to be in India for MI4

Hollywood superstar Tom Cruise arrived in India on Saturday to promote the fourth instalment of his blockbuster Mission: Impossible series. Sporting a big grin and sunglasses, the actor who is on a world-wide promotional tour for the movie, told reporters
Published 04 Dec, 2011 12:00am
Hitler's Berlin conference hall demolished

Hitler's Berlin conference hall demolished

A gigantic Berlin conference centre, built by the Aldolf Hitler's Third Reich in 1935, was demolished Saturday to make way for a new events hall. The Deutschlandhalle (Germany Halls) was blown up by controlled demolition. After a huge bang, the steel roof
Published 04 Dec, 2011 12:00am
Six Yemenis killed as clashes rage in Taez

Six Yemenis killed as clashes rage in Taez

Six Yemenis were killed on Saturday in shelling by government forces of the country's second city of Taez and in shootings, as sustained violence threatened to derail a fragile power-transfer deal. State media said a cease-fire was reached in the afternoo
Published 04 Dec, 2011 12:00am
Serbia, Kosovo strike border management deal: EU

Serbia, Kosovo strike border management deal: EU

Serbia and Kosovo struck a key deal to jointly manage their disputed border crossings on Friday, a vital step in reducing tension on the north Kosovo border, the European Union said. As the EU announced the agreement, seen as crucial to Serbia's bid to wi
Published 04 Dec, 2011 12:00am
British soldier jailed for bayoneting Afghan boy

British soldier jailed for bayoneting Afghan boy

A British soldier has been jailed for 18 months for bayoneting a 10-year-old boy in Afghanistan, the Ministry of Defence said Saturday. Grenadier Guardsman Daniel Crook stabbed Ghulam Nabi in March last year while on a patrol in the Nad-e Ali district of
Published 04 Dec, 2011 12:00am
US investigates modern art forgery

US investigates modern art forgery

US federal authorities are investigating whether paintings and drawings sold by elite New York art dealers as the work of Modernist masters are in fact fakes, The New York Times reported Saturday. The pieces purported to be by artists like Robert Motherwe
Published 04 Dec, 2011 12:00am
Norway killer disputes 'insane' diagnosis: lawyer

Norway killer disputes 'insane' diagnosis: lawyer

The confessed killer behind the July massacre in Norway disputes an expert conclusion that he is criminally insane, a newspaper reported Saturday, quoting one of his lawyers. "We have examined a good part of the report that details the conversations he ha
Published 04 Dec, 2011 12:00am
Afghanistan needs billions long after troops go

Afghanistan needs billions long after troops go

Afghanistan's international backers must not cut funding to Kabul to the degree that it forces the government to choose between spending less on security or development, the finance minister said on Saturday. A World Bank study released last month said Af
Published 04 Dec, 2011 12:00am
Euribor rates steady, borrowing from ECB highest since March

Euribor rates steady, borrowing from ECB highest since March

Key euro-priced bank-to-bank lending rates steadied on Friday as tensions on the interbank market, highlighted by a jump in borrowing from the ECB, offset Wednesday's joint central bank liquidity operation and expectations of an interest rate cut. Overnig
Published 04 Dec, 2011 12:00am
Latam currencies gain on US jobs, ECB

Latam currencies gain on US jobs, ECB

Mexico's peso gained against the US dollar on Friday, and headed toward its biggest one-week gain in more than 2-1/2 years as Europe moves to check a widening debt crisis and the US economy shows new signs of growth. The Mexican peso gained 0.56 percent t
Published 04 Dec, 2011 12:00am
Long dollar bets hit highest since June 2010

Long dollar bets hit highest since June 2010

Currency speculators raised their bets in favour of the US dollar in the latest week to the highest since June 2010, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position rose to $1
Published 04 Dec, 2011 12:00am
Swiss franc softer

Swiss franc softer

The Swiss franc ticked lower against the euro and was stable against the dollar on Friday as traders digested a report that the Swiss government is examining a proposal to tax offshore deposits as part of measures to curb Swiss franc strength.
Published 04 Dec, 2011 12:00am
Euro tumbles after four straight days of gains

Euro tumbles after four straight days of gains

The euro faced make-or-break time ahead of a European Central Bank meeting and a European Union summit next week, as the single currency fell against the dollar on Friday for the first time in five sessions. Investors were wary of placing aggressive bets
Published 04 Dec, 2011 12:00am
African currencies outlook

African currencies outlook

Tight monetary policy in Kenya, Tanzania and Uganda is expected to lead to further gains in currencies of those countries while the Nigerian naira could remain on the back foot on retailers' demand for dollar ahead of the Christmas season.
Published 04 Dec, 2011 12:00am
Canadian dollar ends weaker

Canadian dollar ends weaker

The Canadian dollar ended weaker against the US currency on Friday, following the euro lower, as worries about Europe's debt crisis and disappointing domestic employment data ended a four-day winning streak. Despite the decline, the Canadian dollar notche
Published 04 Dec, 2011 12:00am
Wall Street caps stellar week on drop in jobless rate

Wall Street caps stellar week on drop in jobless rate

US stocks ended flat on Friday but capped the best week for Wall Street bulls in almost three years after data showed the US unemployment rate dropped to a 2-1/2 year low. The market gave back a 1 percent gain earlier in the session as traders booked prof
Published 04 Dec, 2011 12:00am
Japanese bonds gain

Japanese bonds gain

Japanese government bonds rose on Friday as a move earlier this week by the world's major central banks to ease funding strains among banks continued to ease volatility, pushing down the benchmark yield from a four-month high. Market participants said Thu
Published 04 Dec, 2011 12:00am
Japanese bonds gain

Japanese bonds gain

Japanese government bonds rose on Friday as a move earlier this week by the world's major central banks to ease funding strains among banks continued to ease volatility, pushing down the benchmark yield from a four-month high. Market participants said Thu
Published 04 Dec, 2011 12:00am
Sri Lanka's stocks fall

Sri Lanka's stocks fall

Sri Lanka's stock market edged down on Friday from its two-week high as retail investors booked profits after a two-day rally amid the resignation of the top capital markets regulator, and others awaited a clear trend. The island nation's main share index
Published 04 Dec, 2011 12:00am
Treasuries outlook: Bonds rise as Europe fears trump jobs data

Treasuries outlook: Bonds rise as Europe fears trump jobs data

US Treasury debt prices rose on Friday as overhanging worries about the eurozone debt crisis overshadowed an encouraging report on US jobs growth, rekindling safety bids for bonds ahead of key policy events in Europe next week. Speculation of a downgrade
Published 04 Dec, 2011 12:00am
Treasuries outlook: Bonds rise as Europe fears trump jobs data

Treasuries outlook: Bonds rise as Europe fears trump jobs data

US Treasury debt prices rose on Friday as overhanging worries about the eurozone debt crisis overshadowed an encouraging report on US jobs growth, rekindling safety bids for bonds ahead of key policy events in Europe next week. Speculation of a downgrade
Published 04 Dec, 2011 12:00am
Latam stocks rally hits 2-1/2 year high

Latam stocks rally hits 2-1/2 year high

Latin American stocks ended their strongest week in 2-1/2 years on Friday, raised by robust US jobs data, but they could be hamstrung next week ahead of a summit meant to tackle the a eurozone crisis. The MSCI Latin American stock index advanced 0.24 perc
Published 04 Dec, 2011 12:00am
Indian bond yields drop for third day

Indian bond yields drop for third day

Indian federal bond yields dropped for a third straight day on Friday, as weak economic data during the week and signs of some easing in price pressures prompted investors to unwind excessively short positions in the bond market. The benchmark 10-year bon
Published 04 Dec, 2011 12:00am
Indian bond yields drop for third day

Indian bond yields drop for third day

Indian federal bond yields dropped for a third straight day on Friday, as weak economic data during the week and signs of some easing in price pressures prompted investors to unwind excessively short positions in the bond market. The benchmark 10-year bon
Published 04 Dec, 2011 12:00am
TSX ends lower, posts big weekly gain

TSX ends lower, posts big weekly gain

Toronto's main stock index closed lower on Friday as investors booked some profits after the TSX notched its biggest weekly gain in more than two years on optimism that steps were being taken to resolve Europe's debt crisis. The mining-heavy materials sec
Published 04 Dec, 2011 12:00am
Zynga IPO values company as high as $9.04 billion

Zynga IPO values company as high as $9.04 billion

Zynga Inc plans to sell an 11.1 percent stake in a scaled-back initial public offering that would value the Facebook game maker at as much as $9 billion on a fully diluted basis. The leading social games maker plans to sell 100 million new shares at betwe
Published 04 Dec, 2011 12:00am
Australia aviation firm to brave shaky IPO market

Australia aviation firm to brave shaky IPO market

Alliance Aviation Services, which provides fly-in fly-out services to remote Australian mining sites, plans to brave a difficult market for initial public offerings with a float to raise A$74 million ($76 million), according to filings with the regulator.
Published 04 Dec, 2011 12:00am
Michael Kors Holdings IPO values at $3.63 billion

Michael Kors Holdings IPO values at $3.63 billion

Michael Kors Holdings Ltd, known for its eponymous luxury lifestyle brand, filed with US regulators on Friday for an initial public offering of common stock that values the company at as much as $3.63 billion. The offering comes at a time when many compan
Published 04 Dec, 2011 12:00am
Asean stock exchanges eye cross-border trading in 2012

Asean stock exchanges eye cross-border trading in 2012

Stock exchanges in Singapore, Malaysia and Thailand delayed a plan to set up electronic trading links to attract investment and raise liquidity, saying it would be done in 2012. The plan, set to be finalised this year, will be joined by exchanges in the P
Published 04 Dec, 2011 12:00am
Turkish lira, shares up

Turkish lira, shares up

Turkish bond yields fell 17 basis points on Friday while the lira firmed 0.4 percent versus the dollar after positive US data and speculation about more official support for troubled euro debtors reinforced global risk appetite. The euro jumped to a sessi
Published 04 Dec, 2011 12:00am
US judge rejects Apple bid to halt Galaxy sales

US judge rejects Apple bid to halt Galaxy sales

Apple failed to convince a US judge to block Samsung Electronics from selling Galaxy smartphones and tablets in the US market, depriving the iPhone and iPad maker of crucial leverage in a global patent battle between the two companies. In a ruling release
Published 04 Dec, 2011 12:00am
Lockheed F-35 output should slow: programme chief

Lockheed F-35 output should slow: programme chief

Production of Lockheed Martin Corp's F-35 Joint Strike Fighter, the costliest arms purchase in history, should be slowed because of the potential number of airframe cracks and "hot spots" turning up in testing and analysis, the Pentagon's F-35 programme d
Published 04 Dec, 2011 12:00am
Indian central bank to act if rupee fall escalates

Indian central bank to act if rupee fall escalates

India's central bank will use all available tools to stem a fall in the rupee if the currency's downward spiral escalates and will take steps to keep liquidity in the country's markets at comfortable levels, a deputy governor said on Saturday. The partial
Published 04 Dec, 2011 12:00am
Canada jobless rate unexpectedly rises

Canada jobless rate unexpectedly rises

Canada's economy unexpectedly lost jobs for a second straight month in November, raising concern that weakness in other countries may do lasting harm to an economy that has so far been surprisingly robust. Net job losses totalled 18,600 jobs in the month
Published 04 Dec, 2011 12:00am
German banks need 9.6 billion euros

German banks need 9.6 billion euros

Germany's banks will have to find 9.6 billion euros to meet a European Union capital target by mid-2012, banking and regulatory sources said on Friday. The European Banking Authority, sifting the results of a second stress test of 70 banks in the EU, is e
Published 04 Dec, 2011 12:00am
Cyprus government, opposition agree on new austerity

Cyprus government, opposition agree on new austerity

Cyprus's government and opposition agreed on Friday to a new economic austerity package to arrest fiscal deterioration and the island's possible slide into seeking an EU bailout. Party leaders and government agreed to introduce a two-year freeze in wages
Published 04 Dec, 2011 12:00am
Suicide kit maker, 93, guilty of US tax offence

Suicide kit maker, 93, guilty of US tax offence

A great-grandmother who sold suicide kits from her home in California pleaded guilty on Friday to a misdemeanor tax-related offense stemming from an investigation of her mail-order business. Sharlotte Hydorn, 93, a retired public school science teacher, a
Published 04 Dec, 2011 12:00am
Moody's downgrades French shipping giant CMA

Moody's downgrades French shipping giant CMA

Ratings agency Moody's said on Friday it was downgrading its ratings on French shipping giant CMA CGM, the world's third-biggest container mover. The move came despite an announcement on Thursday from CMA CGM and rival Swiss-Italian MSC, the world's secon
Published 04 Dec, 2011 12:00am
India 'suspends' retail reform: government ally

India 'suspends' retail reform: government ally

India's government has "suspended" plans to open the nation's huge retail sector to global competition that have paralysed parliament, a key ally of the ruling coalition said on Saturday. The move to allow foreign investment by Wal-Mart and other supermar
Published 04 Dec, 2011 12:00am
Nissan Leaf electric wins Japan car of the year

Nissan Leaf electric wins Japan car of the year

Japanese motor giant Nissan won Car of the Year Japan at the Tokyo Motor Show on Saturday for its Leaf electric model, its makers said, the first time an electric vehicle has picked up the award. Electric cars with cutting-edge green technology and vehicl
Published 04 Dec, 2011 12:00am
China's services: PMI falls on softer consumption

China's services: PMI falls on softer consumption

China's official Purchasing Managers Index for its non-manufacturing sector fell to 49.7 in November from 57.7 in the previous month, the China Federation of Logistics and Purchasing said on Saturday. The index suggested China's services sector was weak d
Published 04 Dec, 2011 12:00am
Euro inherently flawed: Delors

Euro inherently flawed: Delors

Over-optimism shown by the euro's creators meant the current debt crisis was inevitable, Jacques Delors, one of the currency's chief architects, said in an interview published in Saturday's Daily Telegraph. The former European Commission president also ac
Published 04 Dec, 2011 12:00am
US firearms sales hit all-time high on Black Friday

US firearms sales hit all-time high on Black Friday

US firearms sales reached a record 129,166 during last week's Black Friday that kicked off the holiday shopping season, a 32 percent increase from the previous all-time high, officials said. The FBI confirmed the jump from the last peak of 97,848 weapons
Published 04 Dec, 2011 12:00am
Debt funds needed in all eurozone states: German minister

Debt funds needed in all eurozone states: German minister

Every country in the eurozone needs to set up a special national fund for sovereign debt that is more than 60 percent of gross domestic product, Germany's finance minister told a newspaper. Wolfgang Schaeuble, detailing a proposal he will make at a Europe
Published 04 Dec, 2011 12:00am
Spain will weather economic crisis: Prime Minister

Spain will weather economic crisis: Prime Minister

Spain is experiencing difficult times but will pull through, future prime minister Mariano Rajoy said on Saturday in his first public comments since winning elections two weeks ago. "Things are complicated. It is going to be necessary to govern and take d
Published 04 Dec, 2011 12:00am
Wall Street sues CFTC over commodity trading crackdown

Wall Street sues CFTC over commodity trading crackdown

Wall Street's top trade groups launched on Friday a second major legal assault on the biggest overhaul of US financial regulations in decades, suing to block new rules on commodity speculation. In the suit, which had been widely expected given fierce obje
Published 04 Dec, 2011 12:00am
Obama urges payroll tax cut extension

Obama urges payroll tax cut extension

US President Barack Obama urged Congress Saturday to extend a payroll tax cut due to expire at the end of the year in order to stimulate the country's battered economy and job creation. "Put money back in the pockets of working Americans. Pass these tax c
Published 04 Dec, 2011 12:00am
BofA spends another $1.1 billion on share exchange

BofA spends another $1.1 billion on share exchange

Bank of America Corp has issued about $1.1 billion in common stock and senior notes as it continues a previously announced swap for outstanding securities held by institutional investors, according to a filing Friday. The second-largest US bank said in No
Published 04 Dec, 2011 12:00am
BofA spends another $1.1 billion on share exchange

BofA spends another $1.1 billion on share exchange

Bank of America Corp has issued about $1.1 billion in common stock and senior notes as it continues a previously announced swap for outstanding securities held by institutional investors, according to a filing Friday. The second-largest US bank said in No
Published 04 Dec, 2011 12:00am
Facebook to hire thousands

Facebook to hire thousands

Facebook, the social networking giant that is preparing to go public, said it plans to hire thousands of employees over the next year to keep up with what it expects to be rapid growth. "We are growing very quickly and have been through the economy," Face
Published 04 Dec, 2011 12:00am
Cargill to cut 2,000 jobs globally

Cargill to cut 2,000 jobs globally

US agribusiness giant Cargill Inc said it would let go of 2,000 of its employees globally, citing a continued weak global economy. Minneapolis-based Cargill, one of the world's largest privately held corporations, said the job cuts affect 1.5 percent of i
Published 04 Dec, 2011 12:00am
'Auditors caught in middle of China-US dispute'

'Auditors caught in middle of China-US dispute'

The head of a global accounting firm said his auditors in China could face jail terms if they turned over audit documents to US regulators and, as a result, they would have to refuse to do so. Grant Thornton International, with large operations in China,
Published 04 Dec, 2011 12:00am
German utility RWE to cut up to 8,000 jobs

German utility RWE to cut up to 8,000 jobs

German utility RWE plans to cut up to 8,000 of its 72,000 jobs over the next few years, half of which could come from divestments, a company source said on Saturday. The source was confirming a report by the Rheinische Post newspaper that cited labour uni
Published 04 Dec, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 123,549 tonnes of cargo comprising 98,600 tonnes of import cargo and 24,949 tonnes of export cargo including 6,768 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 98,600 to
Published 04 Dec, 2011 12:00am
Rice rates lower, guwar prices up on grain market

Rice rates lower, guwar prices up on grain market

Rice prices dropped sharply, the guwar rates, however, went up on the wholesale grain market on Saturday ahead of long weekend due to Muharram holidays, dealers said. Commodity experts attributed the decline in buying to falling demand by the general reta
Published 04 Dec, 2011 12:00am
German factory test shows sugar content up

German factory test shows sugar content up

The tenth factory test on sugar beet delivered to refineries in Germany this season showed sugar content of 17.85 percent compared to 17.22 percent in the same test last season, the association of German sugar producers WVZ said on Thursday. This was also
Published 04 Dec, 2011 12:00am
Wheat export premiums firmer at US Gulf Coast

Wheat export premiums firmer at US Gulf Coast

Wheat export premiums at the US Gulf Coast were steady to firm on Friday as domestic consumption kept supplies in the export market tight amid solid global demand, particularly for high-protein wheat, traders said. Optimism that US wheat could capture a s
Published 04 Dec, 2011 12:00am
EU clears 352,000 tonnes of wheat for exports

EU clears 352,000 tonnes of wheat for exports

The European Union this week granted export licences for 352,000 tonnes of soft wheat, taking the total since the beginning of the 2011/12 (July-June) season to 6.5 million tonnes, official data showed on Thursday. The total so far this season compared wi
Published 04 Dec, 2011 12:00am
Vietnam's 2012 coal exports to fall, imports eyed

Vietnam's 2012 coal exports to fall, imports eyed

Vietnam plans to reduce its coal exports next year by 18.2 percent from this year's projected shipments to 13.5 million tonnes, a senior official in top coal miner Vinacomin was quoted on Thursday as saying. Vietnam is a net coal exporter but it is expect
Published 04 Dec, 2011 12:00am
Ukraine's grain exports double in November

Ukraine's grain exports double in November

Ukraine's grain exports jumped to 2.2 million tonnes in November from about 1.0 million in October due to increased demand, the Agrarian Confederation (UAC) grain lobby group said on Thursday. UAC director Serhiy Stoyanov said in a statement Ukraine had e
Published 04 Dec, 2011 12:00am
US wheat, corn slip on China's bumper crop

US wheat, corn slip on China's bumper crop

US wheat prices broke a four-day winning streak on Friday, with corn falling as well after China unveiled a bigger-than-expected 2011 grain output, although investors' more upbeat macroeconomic view helped cap losses in US grain markets. Hopes of upbeat U
Published 04 Dec, 2011 12:00am
Russia may reap bumper grain crop in 2012

Russia may reap bumper grain crop in 2012

Russia may reap a bumper grain crop next year of 100 million tonnes, the second largest in the post-Soviet era after the 2008 harvest, but a presidential election next March could disrupt spring sowing, Russia's grains lobby said on Friday.
Published 04 Dec, 2011 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures gained on Friday, supported by early buying due to optimism about the euro debt crisis and strength in soybeans, but finished with a slight 0.2 percent weekly loss. Thin volume of about 15,200 contracts traded, mostly in inter-
Published 04 Dec, 2011 12:00am
Argentine 2011-12 soya planting advances quickly

Argentine 2011-12 soya planting advances quickly

The planting of Argentine 2011/12 soya advanced quickly over the last week thanks to ample rains, although several pockets of excessive moisture caused concerns among growers, the Agriculture Ministry said in its weekly crop report on Friday.
Published 04 Dec, 2011 12:00am
Prices firm amid cautious trading on cotton market

Prices firm amid cautious trading on cotton market

Both buyers and sellers adopted cautious attitudes on the cotton market on Saturday ahead of Muharram holidays, dealers said The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 5,300, they said. Prices of seedcotton in Sindh were a
Published 04 Dec, 2011 12:00am
Oil cake market rates

Oil cake market rates

The December vaida was down while 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 1306.70 opened with 20 paisa loss at Rs 1306.50. The
Published 04 Dec, 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 (December 03, 2011).

Published 04 Dec, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (December 03, 2011).

Published 04 Dec, 2011 12:00am
THE RUPEE: dollar may hit 90 level in near-terms

THE RUPEE: dollar may hit 90 level in near-terms

The dollar is likely to hit new high at Rs 90 in the near future, if importers continue buying to meet the payment requirements, money experts said on the currency market on Saturday. The rupee shed 50 paisa against dollar for buying at 89.30 and fell by
Published 04 Dec, 2011 12:00am
THE RUPEE: dollar may hit 90 level in near-terms

THE RUPEE: dollar may hit 90 level in near-terms

The dollar is likely to hit new high at Rs 90 in the near future, if importers continue buying to meet the payment requirements, money experts said on the currency market on Saturday. The rupee shed 50 paisa against dollar for buying at 89.30 and fell by
Published 04 Dec, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (December 03, 2011).

Published 04 Dec, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (December 03, 2011).

Published 04 Dec, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 03, 2011).

Published 04 Dec, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 03, 2011).

Published 04 Dec, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 03, 2011).

Published 04 Dec, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 03, 2011).

Published 04 Dec, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 03, 2011).

Published 04 Dec, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (December 03, 2011).

Published 04 Dec, 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 (December 03, 2011).

Published 04 Dec, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (December 03, 2011).

Published 04 Dec, 2011 12:00am
LPG producers raise prices

LPG producers raise prices

Local producers of liquefied petroleum gas (LPG) have raised its price by Rs 1,360 to Rs 80,857 per ton in the country. This was stated by the chairman of FPCCI Standing Committee on LPG and All Pakistan LPG Distributors Association (APLDA) Abdul Hadi Kha
Published 04 Dec, 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 (December 03, 2011).

Published 04 Dec, 2011 12:00am
LPG producers raise prices

LPG producers raise prices

Local producers of liquefied petroleum gas (LPG) have raised its price by Rs 1,360 to Rs 80,857 per ton in the country. This was stated by the chairman of FPCCI Standing Committee on LPG and All Pakistan LPG Distributors Association (APLDA) Abdul Hadi Kha
Published 04 Dec, 2011 12:00am
LPG producers raise prices

LPG producers raise prices

Local producers of liquefied petroleum gas (LPG) have raised its price by Rs 1,360 to Rs 80,857 per ton in the country. This was stated by the chairman of FPCCI Standing Committee on LPG and All Pakistan LPG Distributors Association (APLDA) Abdul Hadi Kha
Published 04 Dec, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (December 03, 2011).

Published 04 Dec, 2011 12:00am
US has no plans to lend money to IMF

US has no plans to lend money to IMF

The US has no plans to lend money directly to the International Monetary Fund, a senior Treasury official said Friday, as the Fund pitches to boost its resources in the case of financial emergency. The official, who would not be identified, said the US be
Published 04 Dec, 2011 12:00am
US has no plans to lend money to IMF

US has no plans to lend money to IMF

The US has no plans to lend money directly to the International Monetary Fund, a senior Treasury official said Friday, as the Fund pitches to boost its resources in the case of financial emergency. The official, who would not be identified, said the US be
Published 04 Dec, 2011 12:00am
US has no plans to lend money to IMF

US has no plans to lend money to IMF

The US has no plans to lend money directly to the International Monetary Fund, a senior Treasury official said Friday, as the Fund pitches to boost its resources in the case of financial emergency. The official, who would not be identified, said the US be
Published 04 Dec, 2011 12:00am
Memogate scandal: I'll face outcome of inquiry, says Prime Minister

Memogate scandal: I'll face outcome of inquiry, says Prime Minister

Prime Minister Yousuf Raza Gilani said on Saturday that he would face the outcome of the Memogate scandal inquiry, according to a private TV channel. The prime minister said President Zardari had no involvement whatsoever in the inquiry and there were con
Published 04 Dec, 2011 12:00am
Memogate scandal: I'll face outcome of inquiry, says Prime Minister

Memogate scandal: I'll face outcome of inquiry, says Prime Minister

Prime Minister Yousuf Raza Gilani said on Saturday that he would face the outcome of the Memogate scandal inquiry, according to a private TV channel. The prime minister said President Zardari had no involvement whatsoever in the inquiry and there were con
Published 04 Dec, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (December 03, 2011) and for Sunday (December 04, 2011).
Published 04 Dec, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (December 03, 2011).

Published 04 Dec, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (December 03, 2011).

Published 04 Dec, 2011 12:00am
Khosa says he can't investigate memogate

Khosa says he can't investigate memogate

Former Director-General Federal Investigation Agency (FIA) Tariq Khosa has expressed his inability to perform as head of the Supreme Court constituted one-man Judicial Commission to investigate the Memogate. A nine-member special bench headed by Chief Jus
Published 04 Dec, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (December 03, 2011).

Published 04 Dec, 2011 12:00am
No one knew about it: US

No one knew about it: US

The United States has rejected the claims that President Zardari or Hussain Haqqani had knowledge of the Abbottabad operation, a private TV channel reported. According to the channel, the White House said that the Abbottabad operation was of very sensitiv
Published 04 Dec, 2011 12:00am
The Weather

The Weather

The weather report on Saturday (December 03, 2011) and the forecast for Sunday (December 04, 2011).

Published 04 Dec, 2011 12:00am
No one knew about it: US

No one knew about it: US

The United States has rejected the claims that President Zardari or Hussain Haqqani had knowledge of the Abbottabad operation, a private TV channel reported. According to the channel, the White House said that the Abbottabad operation was of very sensitiv
Published 04 Dec, 2011 12:00am
Zero-rating regime: FBR finalising revised list of 128 items, inputs

Zero-rating regime: FBR finalising revised list of 128 items, inputs

The Federal Board of Revenue (FBR) has drafted a revised list of 128 items, raw materials and inputs on which sales tax will be charged at reduced rate of 5 percent or standard rate of 16 percent for five zero-rated export sectors or such items/goods woul
Published 04 Dec, 2011 12:00am
Zero-rating regime: FBR finalising revised list of 128 items, inputs

Zero-rating regime: FBR finalising revised list of 128 items, inputs

The Federal Board of Revenue (FBR) has drafted a revised list of 128 items, raw materials and inputs on which sales tax will be charged at reduced rate of 5 percent or standard rate of 16 percent for five zero-rated export sectors or such items/goods woul
Published 04 Dec, 2011 12:00am
Zero-rating regime: FBR finalising revised list of 128 items, inputs

Zero-rating regime: FBR finalising revised list of 128 items, inputs

The Federal Board of Revenue (FBR) has drafted a revised list of 128 items, raw materials and inputs on which sales tax will be charged at reduced rate of 5 percent or standard rate of 16 percent for five zero-rated export sectors or such items/goods woul
Published 04 Dec, 2011 12:00am
Ogra not to deal with gas theft cases

Ogra not to deal with gas theft cases

The government decided in principle that the Oil and Gas Regulatory Authority (Ogra) will not deal with gas theft cases in future, it is learnt. It was decided in a recently held chaired by Dr Asim Hussain, Minister for Petroleum and Natural Resources, an
Published 04 Dec, 2011 12:00am
Ogra not to deal with gas theft cases

Ogra not to deal with gas theft cases

The government decided in principle that the Oil and Gas Regulatory Authority (Ogra) will not deal with gas theft cases in future, it is learnt. It was decided in a recently held chaired by Dr Asim Hussain, Minister for Petroleum and Natural Resources, an
Published 04 Dec, 2011 12:00am
Ogra not to deal with gas theft cases

Ogra not to deal with gas theft cases

The government decided in principle that the Oil and Gas Regulatory Authority (Ogra) will not deal with gas theft cases in future, it is learnt. It was decided in a recently held chaired by Dr Asim Hussain, Minister for Petroleum and Natural Resources, an
Published 04 Dec, 2011 12:00am
Highest regard for sovereignty: Clinton

Highest regard for sovereignty: Clinton

Prime Minister Syed Yousuf Raza Gilani received a phone call from US Secretary of State Hillary Clinton on Saturday evening. The Secretary of State conveyed her personal condolences on the deaths of Pakistani soldiers. She added that the attack was not in
Published 04 Dec, 2011 12:00am
Highest regard for sovereignty: Clinton

Highest regard for sovereignty: Clinton

Prime Minister Syed Yousuf Raza Gilani received a phone call from US Secretary of State Hillary Clinton on Saturday evening. The Secretary of State conveyed her personal condolences on the deaths of Pakistani soldiers. She added that the attack was not in
Published 04 Dec, 2011 12:00am
Government officials: monetisation of transport facility approved

Government officials: monetisation of transport facility approved

The government has finally approved much-delayed monetisation of transport facility for government officials promised by Finance Minister Dr Abdul Hafeez in his budget speech in response to growing demand for rationalisation of current expenditure.
Published 04 Dec, 2011 12:00am
Government officials: monetisation of transport facility approved

Government officials: monetisation of transport facility approved

The government has finally approved much-delayed monetisation of transport facility for government officials promised by Finance Minister Dr Abdul Hafeez in his budget speech in response to growing demand for rationalisation of current expenditure.
Published 04 Dec, 2011 12:00am
Cigarettes price hike to increase duty collection: FBR told

Cigarettes price hike to increase duty collection: FBR told

A leading cigarette manufacturing company has informed the Federal Board of Revenue (FBR) that substantial increase in prices of different brands of cigarettes would be instrumental in increase of federal excise duty collection, as specified in the releva
Published 04 Dec, 2011 12:00am
Cigarettes price hike to increase duty collection: FBR told

Cigarettes price hike to increase duty collection: FBR told

A leading cigarette manufacturing company has informed the Federal Board of Revenue (FBR) that substantial increase in prices of different brands of cigarettes would be instrumental in increase of federal excise duty collection, as specified in the releva
Published 04 Dec, 2011 12:00am
Cigarettes price hike to increase duty collection: FBR told

Cigarettes price hike to increase duty collection: FBR told

A leading cigarette manufacturing company has informed the Federal Board of Revenue (FBR) that substantial increase in prices of different brands of cigarettes would be instrumental in increase of federal excise duty collection, as specified in the releva
Published 04 Dec, 2011 12:00am
BoI seeks ST zero-rating on CNG buses

BoI seeks ST zero-rating on CNG buses

The Board of Investment (BOI) has sought approval of the Cabinet Committee on Investment (CCoI) for zero-rating of sales tax on import of CNG/LPG buses in line with SRO 727(1)/2011 under which plant/machinery is exempted to promote environment-friendly tr
Published 04 Dec, 2011 12:00am
BoI seeks ST zero-rating on CNG buses

BoI seeks ST zero-rating on CNG buses

The Board of Investment (BOI) has sought approval of the Cabinet Committee on Investment (CCoI) for zero-rating of sales tax on import of CNG/LPG buses in line with SRO 727(1)/2011 under which plant/machinery is exempted to promote environment-friendly tr
Published 04 Dec, 2011 12:00am
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