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Archive - 2011-12-09
Schroders wary on emerge debt
Top News

Schroders wary on emerge debt

LONDON: Schroders' holds the maximum defensive position on emerging debt in its $7 billion sector fund and has hedged al
Published 09 Dec, 2011 03:50pm
Croatia signs treaty to join EU in 2013
Top News

Croatia signs treaty to join EU in 2013

BRUSSELS: Croatia is set to become the European Union's 28th member in July 2013 after signing an accession treaty on Fr
Published 09 Dec, 2011 03:43pm
Kolkata hospital fire kills 89
Asia

Kolkata hospital fire kills 89

KOLKATA: Nearly 90 people were killed when a fire engulfed patients at a hospital Friday in the eastern Indian city of K
Published 09 Dec, 2011 03:32pm
Finance, Petroleum Ministers call on PM
Top News

Finance, Petroleum Ministers call on PM

ISLAMABAD: Minister for Finance Dr Abdul Hafeez Sheikh and Minister for Petroleum and Natural Resources Dr Asim Hussain
Published 09 Dec, 2011 03:17pm
US trade gap narrows in October
Top News

US trade gap narrows in October

WASHINGTON: The US trade deficit shrank sharply in October to its lowest level of the year as imports tumbled, governmen
Published 09 Dec, 2011 01:17pm
Phase-I BMRE programme completed: MoDP
Top News

Phase-I BMRE programme completed: MoDP

ISLAMABAD: Phase-I of 'Balancing Modernization Restructuring and Expansion (BMRE) programme, formulated in collaboration
Published 09 Dec, 2011 11:59am
Kolkata hospital fire kills 61
Top News

Kolkata hospital fire kills 61

KOLKATA: More than 60 people were killed when a fire engulfed a hospital on Friday in the eastern Indian city of Kolkata
Published 09 Dec, 2011 07:55am
Rehman Malik condemns Karachi blast
Top News

Rehman Malik condemns Karachi blast

ISLAMABAD : While strongly condemning the blast in Safoora Chowrangi, Karachi , Federal Minister for Interior, A. Rehma
Published 09 Dec, 2011 07:17am
Kolkata hospital fire kills 30
Asia

Kolkata hospital fire kills 30

KOLKATA: At least 30 people were killed when a fire engulfed a hospital Friday in the eastern Indian city of Kolkata, a
Published 09 Dec, 2011 06:05am
Moody's downgrades three French banks
Top News

Moody's downgrades three French banks

PARIS: Ratings agency Moody's downgraded the debt of BNP Paribas, Societe Generale , and Credit Agricole on Friday, sayi
Published 09 Dec, 2011 04:46am
SBP sets Rs285bn agri credit target
Top News

SBP sets Rs285bn agri credit target

RIZWAN BHATTI KARACHI: The State Bank of Pakistan has set an indicative target of Rs 285 billion for the agricultural
Published 09 Dec, 2011 04:39am
Crude mixed in Asia
Energy

Crude mixed in Asia

SINGAPORE: Crude prices were mixed in Asia Friday after the European Central Bank (ECB) announced it would cut its main
Published 09 Dec, 2011 04:21am
Rethinking aid strategy
BR Research

Rethinking aid strategy

Not working up to join the ranks of emerging economies may seem like a blessing in disguise for Pakistan now that the European Commission ha
Published 09 Dec, 2011 12:00am
International Investors Conference postponed

International Investors Conference postponed

Three-day International Investors Conference, which was scheduled to be held here at a local hotel on Friday, has been postponed. The Board of Investment (BOI) sources said. It was organised by BOI in collaboration with the Federation of Pakistan Chambers
Published 09 Dec, 2011 12:00am
LHC suspends jail term of former additional AG Punjab

LHC suspends jail term of former additional AG Punjab

The Lahore High Court (LHC) here on Wednesday suspending three years jail term of former additional advocate general Punjab Seema Munawar, issued her release orders. An accountability court during last week had convicted Seema for withdrawing pension of h
Published 09 Dec, 2011 12:00am
Sugar purchase: LHC asks TCP to file reply

Sugar purchase: LHC asks TCP to file reply

The Chief Justice of Lahore High Court directed Trading Corporation of Pakistan (TCP) to file a reply by December 22 in an application praying to restrain TCP from purchasing sugar from open marker at the rate of Rs 63 to 65 per Kg. The applicant, Chairma
Published 09 Dec, 2011 12:00am
Bin Laden not at Qaeda helm before raid: US source

Bin Laden not at Qaeda helm before raid: US source

Documents found in the Pakistan home where Osama bin Laden was killed in May show the al Qaeda leader no longer had any role in operations, a US expert who reviewed the evidence said Wednesday. The expert, who asked not to be named, said the 200 pieces of
Published 09 Dec, 2011 12:00am
Ban on rickety vehicles running on faulty CNG kits demanded

Ban on rickety vehicles running on faulty CNG kits demanded

Steady rise in the incidents of loss of human lives on account of faulty CNG kits in the public transport vehicles calls for immediate ban on such rickety vehicles. Co-ordinator, National Forum for Environment Health (NFEH), President Naeem Qureishi in a
Published 09 Dec, 2011 12:00am
Clinton warns Internet firms against aiding hard-line regimes

Clinton warns Internet firms against aiding hard-line regimes

US Secretary of State Hillary Clinton on Thursday warned Internet firms to avoid offering the "tools of oppression" to authoritarian Middle East regimes trying to crush democracy protests. Clinton urged private companies to "embrace their role in protecti
Published 09 Dec, 2011 12:00am
Laos delays Mekong dam project

Laos delays Mekong dam project

Laos has suspended a $3.5 billion dam project on the lower Mekong River while Japan leads a study into the environmental impact, after activists and some neighbouring states said it would harm the livelihoods of millions of people. The decision was announ
Published 09 Dec, 2011 12:00am
Letter bomb sent to Deutsche Bank chief executive

Letter bomb sent to Deutsche Bank chief executive

A letter bomb sent to Deutsche Bank chief Josef Ackermann was "operational" and could have exploded, German state police said Thursday after the envelope was intercepted. "Preliminary investigations show it is an operational letter bomb," police in Hesse,
Published 09 Dec, 2011 12:00am
Disarming Libya militias a 'complex issue': Prime Minister

Disarming Libya militias a 'complex issue': Prime Minister

The issue of disarming former rebels who fought Maummar Qadhafi's forces is "more complex" than it appears, but these militias will be demilitarised soon, Prime Minister Abdel Rahim al-Kib said on Thursday. "This (disarming of militias) is a much more com
Published 09 Dec, 2011 12:00am
Iran airs footage of US drone, protests 'violation'

Iran airs footage of US drone, protests 'violation'

Iran made a formal protest on Thursday over a US drone entering "deep" into its eastern airspace last week, and aired footage of what appeared to be the downed aircraft on state television. Swiss ambassador Livia Leu Agosti was summoned to the foreign min
Published 09 Dec, 2011 12:00am
Japan apologises to Canada for mistreating POWs

Japan apologises to Canada for mistreating POWs

Japan offered a "heartfelt apology" for the systematic mistreatment of Canadian prisoners during World War Two, helping to heal ties between the two nations, Ottawa said on Thursday. Thousands of Allied prisoners were forced by the Japanese Imperial Army
Published 09 Dec, 2011 12:00am
Indian police file charges against Tibetan leader

Indian police file charges against Tibetan leader

Indian police said Thursday they had filed charges against the Karmapa, a Buddhist monk seen as a potential successor to the Dalai Lama, over more than $1 million in cash found at his monastery. The charges against the Karmapa and nine others were lodged
Published 09 Dec, 2011 12:00am
Rebel conservative Paul lurks in close Iowa race

Rebel conservative Paul lurks in close Iowa race

Could Republican Ron Paul, the libertarian longshot with a loyal army of supporters, steal the first big prize of the 2012 presidential race in Iowa? While the heavyweight fight between rivals Newt Gingrich and Mitt Romney hogs the headlines, Paul has ste
Published 09 Dec, 2011 12:00am
Time running out for Nato missile deal: Russia

Time running out for Nato missile deal: Russia

Russia warned on Thursday time was running out to conclude a missile defence deal with Nato after the two failed again to bridge differences on a project the alliance says is aimed at countering threats from states like Iran. "We do not agree yet," Nato S
Published 09 Dec, 2011 12:00am
UN envoy urges new Yemen government to bring stability

UN envoy urges new Yemen government to bring stability

The UN envoy who helped broker a deal to ease Yemeni President Ali Abdullah Saleh from power urged the new government on Thursday to bring stability after months of unrest that pushed the country to the brink of civil war. Vice President Abd-Rabbu Mansour
Published 09 Dec, 2011 12:00am
Fighter jets target rebels in south Somali town

Fighter jets target rebels in south Somali town

Fighter jets bombed the southern Somali town of Baardheere on Thursday, killing at least one civilian, and fighting broke out in the north of Mogadishu, exposing the government's struggle to secure the capital. Some locals believed the warplanes came from
Published 09 Dec, 2011 12:00am
US Republicans urge covert operations against Iran, Syria

US Republicans urge covert operations against Iran, Syria

Republican US presidential candidates on Wednesday redoubled their very public calls for "covert" operations against Iran and Syria, including sabotage, assassination and aid to opposition forces. Former House speaker Newt Gingrich, who has led the decide
Published 09 Dec, 2011 12:00am
Sehwag smashes highest ODI runs, India take series

Sehwag smashes highest ODI runs, India take series

Virender Sehwag smashed the highest score in one-day cricket on Thursday as India flattened the West Indies by 153 runs to take a decisive 3-1 lead in the five-match series. Sehwag hammered a scintillating 219 off 149 balls to lift India to their best one
Published 09 Dec, 2011 12:00am
Top run-getters in one-day internationals

Top run-getters in one-day internationals

Highest individual scores in one-day international cricket after India's Virender Sehwag broke the record during the fourth match against the West Indies in Indore on Thursday (* denotes not out):

Published 09 Dec, 2011 12:00am
Pakistan down South Korea 6-2

Pakistan down South Korea 6-2

Pakistan thumped South Korea 6-2 to post their first win of the Champions Trophy on Thursday, while Germany scored a last-gasp winner against Great Britain. Pakistan came from behind to snap a three-game losing streak at the last major men's tournament be
Published 09 Dec, 2011 12:00am
Dublin included on London 2012 torch route

Dublin included on London 2012 torch route

Dublin will be on the torch relay route for next year's London Olympics with the Irish capital hosting the flame on June 6, the International Olympic Committee (IOC) and organisers LOCOG said on Thursday. "It's going to be a one-day event," Gilbert Felli,
Published 09 Dec, 2011 12:00am
Spin wizard Warne still got the magic

Spin wizard Warne still got the magic

Spin king Shane Warne has still "got it" according to an awe-struck team-mate who faced him in a nets session ahead of his return to competitive cricket, a report said Thursday. Warne, 42, ended his stellar playing career at the Indian Premier League in M
Published 09 Dec, 2011 12:00am
Buoyant Pakistan gear for Bangladesh Tests

Buoyant Pakistan gear for Bangladesh Tests

Pakistan will begin their first Test series in Bangladesh for almost a decade in Chittagong on Friday determined to extend their 100 percent winning record against the hosts. The tourists, who beat Sri Lanka in all formats of the game in the United Arab E
Published 09 Dec, 2011 12:00am
Second Test begins: Show more fight, Taylor urges Kiwis

Second Test begins: Show more fight, Taylor urges Kiwis

Captain Ross Taylor on Thursday called on his New Zealand team to play more disciplined cricket and show extra fight in Friday's second Test against Australia in Hobart. The Kiwis were humiliated on the fourth day of the first Gabba Test on Sunday, routed
Published 09 Dec, 2011 12:00am
Cricket Australia board restructures

Cricket Australia board restructures

Cricket Australia said Thursday it would overhaul the structure of its board to give each of its six state associations equal representation in decision-making. CA said it has accepted the recommendations of a review into its governance, which has called
Published 09 Dec, 2011 12:00am
Russian boxer Simakov dies after knockout

Russian boxer Simakov dies after knockout

Russian light-heavyweight Roman Simakov has died at the age of 27 after being knocked out and put in a coma during a WBC Asian title fight, the Russian Boxing Federation (RBF) announced on Thursday. Simakov had to be carried from the ring on a stretcher a
Published 09 Dec, 2011 12:00am
Manchester misery as United, City crash out

Manchester misery as United, City crash out

English Premier League superpowers Manchester United and Manchester City crashed out of the Champions League on Wednesday as French side Lyon achieved a seven-goal miracle to reach the last 16. United, the European champions in 1968, 1999 and 2008, slumpe
Published 09 Dec, 2011 12:00am
Yuan slightly up

Yuan slightly up

The yuan closed up slightly against the dollar on Thursday but still hit its lower daily trade limit for the seventh straight day as investors sold yuan amid strong dollar demand at the year-end. A reason the yuan has repeatedly hit the lower edge of the
Published 09 Dec, 2011 12:00am
Swiss franc steadies

Swiss franc steadies

The Swiss franc trod water on Thursday as traders mulled over whether European leaders will agree on a plan this week to ease the debt crisis and whether the Swiss National Bank will shift the franc-euro peg ahead of or at its policy meeting next week.
Published 09 Dec, 2011 12:00am
Most Asian currencies fall

Most Asian currencies fall

Most emerging Asian currencies fell on Thursday as investors covered short positions on the dollar over growing scepticism on whether European leaders will be able to agree on a plan this week to ease the debt crisis. The South Korean won came under more
Published 09 Dec, 2011 12:00am
Indian rupee trims losses

Indian rupee trims losses

The Indian rupee reversed most early losses on Thursday helped by dollar sales by some state-run banks and corporates, but losses in local shares and a weak euro limited the rise. The partially convertible rupee ended at 51.75/76 per dollar, 0.07 percent
Published 09 Dec, 2011 12:00am
Aussie dollar slips

Aussie dollar slips

The Aussie dipped on Thursday as a disappointing jobs report added to expectations of further rate cuts, while the kiwi dollar was a touch firmer ahead of key events in Europe. The Australia dollar slipped across the board after a closely watched employme
Published 09 Dec, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 78.20-78.60 (previous 77.21-77.80). Call Money Rates: 20.00 percent (previous 08.75-20.00 percent).
Published 09 Dec, 2011 12:00am
Euro steadies in New York

Euro steadies in New York

The euro held steady against the US dollar on Wednesday as investors held out hopes European leaders will make progress on solving the debt crisis at a key summit this week, but any further gains should be limited. France and Germany will lay out a plan t
Published 09 Dec, 2011 12:00am
Early trade in New York: Euro tumbles

Early trade in New York: Euro tumbles

The euro slumped on Thursday as the ECB dampened hopes about escalated bond purchases that could put a cap on yields in debt-ridden countries, as well as lending to the IMF to help prevent the crisis from spreading to the region's healthier economies.
Published 09 Dec, 2011 12:00am
Euro pares losses in London

Euro pares losses in London

The euro trimmed losses on Thursday after the European Central Bank cut interest rates by 25 basis points to 1 percent, wrongfooting some investors who had seen an outside chance of an even bigger cut. But the single currency remained at risk of selling a
Published 09 Dec, 2011 12:00am
Euro struggles in Asia

Euro struggles in Asia

The euro struggled to make much headway in Asia on Thursday and consolidated further ahead of an expected European Central Bank interest rate cut and a crucial EU leader summit that is to address the eurozone's two-year-old debt crisis. The euro hovered a
Published 09 Dec, 2011 12:00am
Sterling rises versus euro

Sterling rises versus euro

Sterling rose to a one-month high against the euro on Thursday and looked set to rise to its strongest in nine months as investors sold the single currency on disappointment that the ECB had not made more aggressive moves to curb the debt crisis.
Published 09 Dec, 2011 12:00am
FTSE weakens on ECB comments, EU summit nerves

FTSE weakens on ECB comments, EU summit nerves

Britain's top shares sank to their lowest close in more than a week on Thursday, having endured another choppy session, as investors jostle for position ahead of a crucial European Union summit outcome on Friday. Sentiment was hurt when European Central B
Published 09 Dec, 2011 12:00am
Australian shares down

Australian shares down

Australian shares slipped 0.3 percent on Thursday, pressured by uncertainty over whether the eurozone can reach an agreement on how to resolve its debt crisis, as well as soft local jobs data. Volumes were lighter than usual ahead of the European leaders'
Published 09 Dec, 2011 12:00am
Seoul shares slip

Seoul shares slip

Seoul shares slipped on Thursday as investors took defensive positions ahead of a crucial summit of European Union leaders, with losses in bank and technology issues and institutional selling weighing on the benchmark index. "Investors are moving cautious
Published 09 Dec, 2011 12:00am
European shares fall

European shares fall

European shares fell to a one-week closing low on Thursday after European Central Bank President Mario Draghi gave no indication the bank would aggressively increase its bond-buying programme and said the region's economy faced increased downside risks.
Published 09 Dec, 2011 12:00am
Hong Kong shares slip, Shanghai bounces off 2011 lows

Hong Kong shares slip, Shanghai bounces off 2011 lows

Hong Kong shares slipped 0.7 percent on Thursday, dragged down by large caps in weak turnover ahead of upcoming key meetings in Europe and Chinese economic data over the next two days. The Hang Seng Index closed down 0.7 percent at 19,107.8 points, after
Published 09 Dec, 2011 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell 0.71 percent on Thursday, with smartphone maker HTC ending lower for a second day after reporting a 30 percent moonthly fall in November sales The main TAIEX index closed 50.10 points lower at 6,982.90. The biggest losing sector was cem
Published 09 Dec, 2011 12:00am
Treasuries move up

Treasuries move up

US Treasuries prices rose on Wednesday as nervousness that eurozone leaders and the European Central Bank will disappoint investors in meetings on Thursday and Friday added a safety bid for the safe-haven debt. US bonds also added to price gains late in t
Published 09 Dec, 2011 12:00am
Treasuries move up

Treasuries move up

US Treasuries prices rose on Wednesday as nervousness that eurozone leaders and the European Central Bank will disappoint investors in meetings on Thursday and Friday added a safety bid for the safe-haven debt. US bonds also added to price gains late in t
Published 09 Dec, 2011 12:00am
US stocks rise

US stocks rise

Hopes the eurozone will figure out a solution to its ongoing debt crisis inspired enough buying to push US stocks to a third day of gains on Wednesday in light trading. Euro zone nations are expected to vote on Friday on an agreement hashed out between Ge
Published 09 Dec, 2011 12:00am
Thursday's early trade: Dow falls one percent after ECB comments

Thursday's early trade: Dow falls one percent after ECB comments

US stocks fell on Thursday, with the Dow industrials down over 1 percent, after remarks from European Central Bank President Mario Draghi tempered hopes policymakers were priming a much-anticipated financial "bazooka" to tackle Europe's raging debt crisis
Published 09 Dec, 2011 12:00am
Nikkei slips

Nikkei slips

The Nikkei average slipped from a four-week high on Thursday on profit-taking ahead of the settlement of a futures contract and as market players turned cautious ahead of key events in Europe. Shares of Tokyo Electric Power Co tumbled after a report that
Published 09 Dec, 2011 12:00am
Indian shares fall 2.3 percent

Indian shares fall 2.3 percent

Indian shares fell 2.3 percent on Thursday, their biggest slide in nearly three weeks, amid concerns about slowing growth and the government's inability to pursue reforms, and uncertainty over whether the eurozone can agree on how to resolve its debt cris
Published 09 Dec, 2011 12:00am
South East Asian markets: Singapore, Malaysia stocks lowest in one week

South East Asian markets: Singapore, Malaysia stocks lowest in one week

Southeast Asian stock markets fell on Thursday, anxious about coming key events in the eurozone and as doubts emerged about the ability of European leaders to agree on a plan to tackle that region's debt crisis. Market players cashed in recent gainers, se
Published 09 Dec, 2011 12:00am
Indonesia central bank pauses, sees low rate lifting growth

Indonesia central bank pauses, sees low rate lifting growth

Indonesia's central bank kept its benchmark overnight rate at a record low 6 percent on Thursday as anticipated, pausing because it expects recent rate cuts to help to stimulate the domestic economy next year as global growth slows. Economists said this c
Published 09 Dec, 2011 12:00am
US jobless claims at nine-month low

US jobless claims at nine-month low

New US claims for unemployment benefits dropped to a nine-month low last week, a government report showed Thursday, suggesting a labour market recovery was gaining momentum. Initial claims for state unemployment benefits fell 23,000 to a seasonally adjust
Published 09 Dec, 2011 12:00am
Citigroup to pay $750,000 fine for not saving emails

Citigroup to pay $750,000 fine for not saving emails

A unit of Citigroup agreed to a $750,000 civil fine for not retaining millions of emails, which is required by securities industry rules, according to a settlement with the Financial Industry Regulatory Authority (FINRA). The problem at Citigroup Global M
Published 09 Dec, 2011 12:00am
Japan's machinery orders slump

Japan's machinery orders slump

Japan's core machinery orders fell much faster than expected in October, suggesting firms are slashing capital spending as a deepening eurozone debt crisis and yen strength cast a pall over the economy's tentative recovery. Core machinery orders, a highly
Published 09 Dec, 2011 12:00am
Foreign investment in UK at six-year low in 2010

Foreign investment in UK at six-year low in 2010

Net foreign investment in British companies fell to a six-year low in 2010, dragged down by a sharp decline in flows from European businesses, data showed on Thursday. The Office for National Statistics said overseas companies' net investment into Britain
Published 09 Dec, 2011 12:00am
India's FDI flows, exports hurt

India's FDI flows, exports hurt

India's exports and foreign direct investment (FDI) inflows have been hurt by the global slowdown, the finance minister told lawmakers on Thursday. Pranab Mukherjee also said the country cannot afford to have near double-digit inflation. He, however, said
Published 09 Dec, 2011 12:00am
Boeing employees approve major labour deal

Boeing employees approve major labour deal

Boeing said Thursday that its employees had resolved a major union dispute by approving a deal expected to stabilise labour relations as the company ramps up production in the coming years. It said the deal, reached late last month after weeks of secret t
Published 09 Dec, 2011 12:00am
Corzine sorry, puzzled by missing MF Global money

Corzine sorry, puzzled by missing MF Global money

Former MF Global chief Jon Corzine apologised to customers, employees and investors who have suffered because of the brokerage firm's collapse, but said he does not know where missing customer money is. "Their plight weighs on my mind every day - every ho
Published 09 Dec, 2011 12:00am
McDonald's sales rise

McDonald's sales rise

McDonald's Corp reported a bigger-than-expected rise in November sales at established restaurants across the board, led by big gains in Japan, China and a strong showing in its top revenue market of Europe. Shares rose as much 1.9 percent to hit a new 52-
Published 09 Dec, 2011 12:00am
World Bank cuts Kenya 2011 growth forecast

World Bank cuts Kenya 2011 growth forecast

The World Bank has cut Kenya's economic growth forecast for this year to 4.3 percent from its earlier forecast of 4.8 percent due to a sharp jump in prices and instability in the exchange rate among other economic shocks, it said on Thursday.
Published 09 Dec, 2011 12:00am
France fines soap cartel 361 million euros

France fines soap cartel 361 million euros

France's competition authority said on Thursday it had fined three detergent manufacturers 361 million euros ($483 million) for price fixing but let off a fourth for blowing the whistle. Germany's Henkel was fined 92.3 million euros and US companies Proct
Published 09 Dec, 2011 12:00am
Bangladesh to get $4.5 billion from ADB to cut poverty

Bangladesh to get $4.5 billion from ADB to cut poverty

Bangladesh will receive $4.5 billion in loans from the Asian Development Bank over next four years to strengthen efforts to reduce the poverty which still grips a third of its population, an ADB official said on Thursday. "The assistance over a period til
Published 09 Dec, 2011 12:00am
US companies sit on $2.12 trillion in cash

US companies sit on $2.12 trillion in cash

US companies sat on their largest pile of cash on record during the third quarter, providing a substantial buffer against any blow that might come from Europe's debt crisis, data from the Federal Reserve showed on Thursday. Non-financial corporate busines
Published 09 Dec, 2011 12:00am
Police arrest 62 as Occupy protesters target lobbyists

Police arrest 62 as Occupy protesters target lobbyists

Police arrested 62 protesters Wednesday as supporters of Occupy Wall Street targeted lobbyists who promote the interests of corporate America in Washington's corridors of power. Undeterred by steady rain, more than 1,000 marchers - many of them labour-uni
Published 09 Dec, 2011 12:00am
Steady appearance in a range bound cotton market

Steady appearance in a range bound cotton market

In the domestic market, cotton rates have remained mostly unchanged since last week as sundry variables for our crop also remained essentially constant. Some ideas indicate that the domestic cotton rates have hit bottom which are quite below the internati
Published 09 Dec, 2011 12:00am
Steady appearance in a range bound cotton market

Steady appearance in a range bound cotton market

In the domestic market, cotton rates have remained mostly unchanged since last week as sundry variables for our crop also remained essentially constant. Some ideas indicate that the domestic cotton rates have hit bottom which are quite below the internati
Published 09 Dec, 2011 12:00am
Stable trend on cotton market amid improved buying activity

Stable trend on cotton market amid improved buying activity

Firmness prevailed on the cotton market on Thursday as exporters did buying to meet the immediate needs, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 5,300, they said. Prices of seedcotton in Sindh were unchang
Published 09 Dec, 2011 12:00am
Oil cake market rates

Oil cake market rates

The December vaida was lower and the January contract was unchanged on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The December contract that had ended at Rs 1305.10 opened with a fall of 30 paisa at Rs 1304.80.
Published 09 Dec, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 137,711 tonnes of cargo comprising 87,799 tonnes of import cargo and 49,912 tonnes of export cargo including 5,495 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 87,799 to
Published 09 Dec, 2011 12:00am
India's November oilmeal exports up

India's November oilmeal exports up

India's oilmeal exports rose 7.13 percent in November, a leading trade body said on Thursday, due to a pick-up in demand from Iran, the Middle East and traditional buyers in Southeast Asia. In November, Indian oilmeal traders exported 527,888 tonnes as ag
Published 09 Dec, 2011 12:00am
Syria buys 100,000 tonnes of Black Sea region wheat

Syria buys 100,000 tonnes of Black Sea region wheat

Syria's state grains agency has purchased 100,000 tonnes of Black Sea region wheat, thought likely to come from Romania, in an international tender to buy the same volume which closed on Monday, European traders said on Wednesday.
Published 09 Dec, 2011 12:00am
President urged to appear before Abbottabad commission

President urged to appear before Abbottabad commission

Chief of the Abbottabad Commission, former Justice Javed Iqbal has said the investigation into the US raid that killed al Qaeda leader Osama bin Laden on May 2 is likely to be completed by the end of this month. Talking to media on Thursday, former Justic
Published 09 Dec, 2011 12:00am
New York cotton

New York cotton

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

Published 09 Dec, 2011 12:00am
President urged to appear before Abbottabad commission

President urged to appear before Abbottabad commission

Chief of the Abbottabad Commission, former Justice Javed Iqbal has said the investigation into the US raid that killed al Qaeda leader Osama bin Laden on May 2 is likely to be completed by the end of this month. Talking to media on Thursday, former Justic
Published 09 Dec, 2011 12:00am
New York cotton

New York cotton

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

Published 09 Dec, 2011 12:00am
ECB douses rescue hopes as EU seeks crisis deal

ECB douses rescue hopes as EU seeks crisis deal

The European Central Bank spooked financial markets on Thursday by dousing hopes of dramatic crisis-fighting action in the euro area hours before European leaders gathered for what the French president billed as a last chance summit. ECB President Mario D
Published 09 Dec, 2011 12:00am
ECB douses rescue hopes as EU seeks crisis deal

ECB douses rescue hopes as EU seeks crisis deal

The European Central Bank spooked financial markets on Thursday by dousing hopes of dramatic crisis-fighting action in the euro area hours before European leaders gathered for what the French president billed as a last chance summit. ECB President Mario D
Published 09 Dec, 2011 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 09 Dec, 2011 12:00am
ECB douses rescue hopes as EU seeks crisis deal

ECB douses rescue hopes as EU seeks crisis deal

The European Central Bank spooked financial markets on Thursday by dousing hopes of dramatic crisis-fighting action in the euro area hours before European leaders gathered for what the French president billed as a last chance summit. ECB President Mario D
Published 09 Dec, 2011 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 09 Dec, 2011 12:00am
BoE holds interest rates at record-low

BoE holds interest rates at record-low

The Bank of England voted on Thursday to hold its key interest rate at a record low 0.50 percent amid turmoil for the British economy and neighbouring eurozone. "The Bank of England's Monetary Policy Committee today voted to maintain the official Bank Rat
Published 09 Dec, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (December 08, 2011).

Published 09 Dec, 2011 12:00am
BoE holds interest rates at record-low

BoE holds interest rates at record-low

The Bank of England voted on Thursday to hold its key interest rate at a record low 0.50 percent amid turmoil for the British economy and neighbouring eurozone. "The Bank of England's Monetary Policy Committee today voted to maintain the official Bank Rat
Published 09 Dec, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (December 08, 2011).

Published 09 Dec, 2011 12:00am
BoE holds interest rates at record-low

BoE holds interest rates at record-low

The Bank of England voted on Thursday to hold its key interest rate at a record low 0.50 percent amid turmoil for the British economy and neighbouring eurozone. "The Bank of England''s Monetary Policy Committee today voted to maintain the official Bank Ra
Published 09 Dec, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (December 08, 2011).

Published 09 Dec, 2011 12:00am
CNG cylinders and kits: FBR proposes 25-35 percent customs duty

CNG cylinders and kits: FBR proposes 25-35 percent customs duty

The Federal Board of Revenue has proposed 25-35 percent customs duty on the import of CNG cylinders and conversion kits instead of total ban on the imports of such equipment as proposed by the ministry of petroleum and natural resources.
Published 09 Dec, 2011 12:00am
CNG cylinders and kits: FBR proposes 25-35 percent customs duty

CNG cylinders and kits: FBR proposes 25-35 percent customs duty

The Federal Board of Revenue has proposed 25-35 percent customs duty on the import of CNG cylinders and conversion kits instead of total ban on the imports of such equipment as proposed by the ministry of petroleum and natural resources.
Published 09 Dec, 2011 12:00am
CNG cylinders and kits: FBR proposes 25-35 percent customs duty

CNG cylinders and kits: FBR proposes 25-35 percent customs duty

The Federal Board of Revenue has proposed 25-35 percent customs duty on the import of CNG cylinders and conversion kits instead of total ban on the imports of such equipment as proposed by the ministry of petroleum and natural resources.
Published 09 Dec, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (December 08, 2011).

Published 09 Dec, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (December 08, 2011).
Published 09 Dec, 2011 12:00am
Post-mid session buying lifts index

Post-mid session buying lifts index

Fresh buying after mid session mainly in fertiliser and banking sector stocks on Thursday supported the KSE-100 index to register a healthy gain of 108.68 points to close at the level of 11,392.57 points. The market opened on a depressed note and the inde
Published 09 Dec, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (December 08, 2011).

Published 09 Dec, 2011 12:00am
Post-mid session buying lifts index

Post-mid session buying lifts index

Fresh buying after mid session mainly in fertiliser and banking sector stocks on Thursday supported the KSE-100 index to register a healthy gain of 108.68 points to close at the level of 11,392.57 points. The market opened on a depressed note and the inde
Published 09 Dec, 2011 12:00am
Post-mid session buying lifts index

Post-mid session buying lifts index

Fresh buying after mid session mainly in fertiliser and banking sector stocks on Thursday supported the KSE-100 index to register a healthy gain of 108.68 points to close at the level of 11,392.57 points. The market opened on a depressed note and the inde
Published 09 Dec, 2011 12:00am
BRIndex30 up by 157.51 points

BRIndex30 up by 157.51 points

On Thursday, BRIndex30 opened at 8,469.85 and after fluctuating through almost the whole trading session; it entered a steep upward trend near the last hour and remained there. It touched an intraday high of 8,655.48 and an intraday Low of 8,390.47 and cl
Published 09 Dec, 2011 12:00am
BRIndex30 up by 157.51 points

BRIndex30 up by 157.51 points

On Thursday, BRIndex30 opened at 8,469.85 and after fluctuating through almost the whole trading session; it entered a steep upward trend near the last hour and remained there. It touched an intraday high of 8,655.48 and an intraday Low of 8,390.47 and cl
Published 09 Dec, 2011 12:00am
Memogate: hearing on December 19

Memogate: hearing on December 19

The Supreme Court on Thursday fixed hearing of constitutional petitions relating to alleged Memorandum to Admiral Mike Mullen by Hussain Haqqani, former Ambassador of Pakistan to the United States, on December 19 and has issues notice to Attorney General
Published 09 Dec, 2011 12:00am
Memogate: hearing on December 19

Memogate: hearing on December 19

The Supreme Court on Thursday fixed hearing of constitutional petitions relating to alleged Memorandum to Admiral Mike Mullen by Hussain Haqqani, former Ambassador of Pakistan to the United States, on December 19 and has issues notice to Attorney General
Published 09 Dec, 2011 12:00am
PCGA to suspend 'Phutti' procurement from tomorrow

PCGA to suspend 'Phutti' procurement from tomorrow

Chairman of Pakistan Cotton Ginners Association (PCGA), Aman-ullah Qureshi, while talking to newsmen here on Thursday said, "they were forced to stop the procurement of "Phutti" from December 10(Saturday) because government did nothing for the disposal of
Published 09 Dec, 2011 12:00am
PCGA to suspend 'Phutti' procurement from tomorrow

PCGA to suspend 'Phutti' procurement from tomorrow

Chairman of Pakistan Cotton Ginners Association (PCGA), Aman-ullah Qureshi, while talking to newsmen here on Thursday said, "they were forced to stop the procurement of "Phutti" from December 10(Saturday) because government did nothing for the disposal of
Published 09 Dec, 2011 12:00am
PCGA to suspend ''Phutti'' procurement from tomorrow

PCGA to suspend ''Phutti'' procurement from tomorrow

Chairman of Pakistan Cotton Ginners Association (PCGA), Aman-ullah Qureshi, while talking to newsmen here on Thursday said, "they were forced to stop the procurement of "Phutti" from December 10(Saturday) because government did nothing for the disposal of
Published 09 Dec, 2011 12:00am
SBP sets Rs 285 billion agriculture credit target

SBP sets Rs 285 billion agriculture credit target

The State Bank of Pakistan has set an indicative target of Rs 285 billion for the agricultural credit disbursement through commercial, specialised and microfinance banks during current fiscal year. The proposed target is some 5.55 percent higher than the
Published 09 Dec, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (December 08, 2011).

Published 09 Dec, 2011 12:00am
SBP sets Rs 285 billion agriculture credit target

SBP sets Rs 285 billion agriculture credit target

The State Bank of Pakistan has set an indicative target of Rs 285 billion for the agricultural credit disbursement through commercial, specialised and microfinance banks during current fiscal year. The proposed target is some 5.55 percent higher than the
Published 09 Dec, 2011 12:00am
SBP sets Rs 285 billion agriculture credit target

SBP sets Rs 285 billion agriculture credit target

The State Bank of Pakistan has set an indicative target of Rs 285 billion for the agricultural credit disbursement through commercial, specialised and microfinance banks during current fiscal year. The proposed target is some 5.55 percent higher than the
Published 09 Dec, 2011 12:00am
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