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Archive - 2012-01-08
Arab League meets on Syria
Top News

Arab League meets on Syria

CAIRO: Arab League monitors will say on Sunday that Syria is failing to honour a promise to end its crackdown on peacefu
Published 08 Jan, 2012 04:47am
Suu Kyi could get govt role
Top News

Suu Kyi could get govt role

YANGON: Myanmar democracy champion Aung San Suu Kyi could be given a job in a nominally-civilian government if she is el
Published 08 Jan, 2012 04:46am
Prices of all fuels rise due to winter
Top News

Prices of all fuels rise due to winter

TAHIR AMIN ISLAMABAD : The prices of most of the essential kitchen items remained on the high side during the past we
Published 08 Jan, 2012 04:38am
Students Sports Arena opens

Students Sports Arena opens

UBL in alliance with IBA-Karachi, held a ground breaking ceremony for the 'UBL Students Sports Arena - IBA' at the IBA university campus venue on Tuesday, January 3. This event was a component of UBL's support for the enrichment of education in Pakistan a
Published 08 Jan, 2012 12:00am
Murray cruises into Brisbane final

Murray cruises into Brisbane final

Top seed Andy Murray brushed aside the challenge from rising Australian star Bernard Tomic on Saturday to cruise into the final of the Brisbane International in front of new coach Ivan Lendl. With Lendl watching his new charge court-side for the first tim
Published 08 Jan, 2012 12:00am
FA Cup third round: Spurs clear Cheltenham Cup hurdle

FA Cup third round: Spurs clear Cheltenham Cup hurdle

Jermain Defoe's recent run of goalscoring form continued at White Hart Lane as Tottenham eased into the fourth round of the FA Cup with a 3-0 win over League Two side Cheltenham. The England striker tapped home in the 24th minute for his third goal in fou
Published 08 Jan, 2012 12:00am
Asif appeals to CAS over ban

Asif appeals to CAS over ban

Pakistan's jailed pace bowler Mohammad Asif has lodged an appeal with the Court of Arbitration for Sports (CAS) against a ban imposed on him by the International Cricket Council (ICC) anti-corruption tribunal last year. The ICC tribunal imposed minimum fi
Published 08 Jan, 2012 12:00am
Czech Republic beat France to win Hopman Cup

Czech Republic beat France to win Hopman Cup

Petra Kvitova and Tomas Berdych produced some impeccable tennis to give the Czech Republic the Hopman Cup with a 2-0 win over France in the final on Saturday. Wimbledon champion Kvitova saw off Marion Bartoli 7-5 6-1 in the opening match and then Berdych
Published 08 Jan, 2012 12:00am
Eto'o ban cut to eight months

Eto'o ban cut to eight months

A 15-match ban imposed on Cameroon captain Samuel Eto'o for sparking a players' strike has been reduced to eight months, the national football federation said Saturday. The original suspension of the four-time African Footballer of the Year triggered wide
Published 08 Jan, 2012 12:00am
Fixing scandal no more in our minds: Misbah

Fixing scandal no more in our minds: Misbah

Pakistan cricket team captain Misbah-ul-Haq on Saturday said that Pakistan will have an advantage this time in the series against England in UAE and expressed optimism to perform well to earn laurel for the country. To a query, Misbah said that Pakistan h
Published 08 Jan, 2012 12:00am
French crew set round-the-world record

French crew set round-the-world record

French skipper Loick Peyron and his crew of 13 have set a record for sailing non-stop around the world by cutting nearly three days off the previous mark to win the Jules Verne Trophy. The 40-metre Maxi Banque Populaire V trimaran crossed the line of depa
Published 08 Jan, 2012 12:00am
Unheralded Viljoen gives England good work-out

Unheralded Viljoen gives England good work-out

Little-known Namibian batsman Christi Viljoen fell two short of his maiden first-class hundred as England's bowlers were given a good work-out in their tour opener against a ICC Combined XI here on Saturday. The 24-year-old right-hander struck his highest
Published 08 Jan, 2012 12:00am
Kanepi blitzes to Brisbane glory

Kanepi blitzes to Brisbane glory

Estonia's Kaia Kanepi produced a stunning display of attacking tennis and a formidable serve to blitz Slovakia's Daniela Hantuchova and win the Brisbane International on Saturday. Kanepi, ranked 34th, was in irresistible form as she destroyed her opponent
Published 08 Jan, 2012 12:00am
Iranian rial falls to record low on US sanctions

Iranian rial falls to record low on US sanctions

The Iranian rial fell to a record low against the dollar on January following US President Barack Obama signing a bill on imposing fresh sanctions against the country's central bank. The new US sanctions, if fully implemented, could hamper the world's maj
Published 08 Jan, 2012 12:00am
Excess cash pulls Euribor rates down

Excess cash pulls Euribor rates down

Key euro zone bank-to-bank lending rates continued their recent slide to their lowest in nearly nine months on Friday, weighed by the ECB's recent record injection of almost half a trillion euros of ultra-long and cheap liquidity. Euro zone banks received
Published 08 Jan, 2012 12:00am
Yen strength to dissipate only a little in 2012

Yen strength to dissipate only a little in 2012

The Japanese yen's current strength will dissipate only a little over the next year as evidence grows that the US economy is picking up speed, pushing the dollar higher but without seriously denting the yen, a Reuters poll showed. Economic growth in the U
Published 08 Jan, 2012 12:00am
Behind the scenes, forex industry prepares for euro break-up

Behind the scenes, forex industry prepares for euro break-up

Before the euro's launch in January 1999, the Bank of England issued a 110-page plan - everything from settlement timetables to roadworks on the big day - to ensure a smooth introduction of the common currency in the world's largest financial centre. The
Published 08 Jan, 2012 12:00am
Euro seen falling as Europe faces recession

Euro seen falling as Europe faces recession

It has been a rough start to 2012 for the euro and it won't get any easier next week as the region grapples with a possible recession and two of its larger economies conduct a crucial test of investors' appetite for their debt. In the first week of the ye
Published 08 Jan, 2012 12:00am
African currencies to come under pressure

African currencies to come under pressure

Frontier African currencies may come under slight pressure next week as companies restart full operations after the holiday season and start buying dollars.
Published 08 Jan, 2012 12:00am
Canadian dollar tumbles to two-week low

Canadian dollar tumbles to two-week low

The Canadian dollar slumped to its lowest level in more than two weeks against the US dollar on Friday after soft domestic employment data and anxiety over Europe's debt crisis outweighed the positive implications of an impressive US jobs report.
Published 08 Jan, 2012 12:00am
Speculators' euro shorts hit record high

Speculators' euro shorts hit record high

Currency speculators reduced their bets in favour of the US dollar in the latest week, but bolstered short euro position to record levels, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net lo
Published 08 Jan, 2012 12:00am
Economy boosts Wall Street in 2012's first week

Economy boosts Wall Street in 2012's first week

US stocks rose in the first week of 2012, even though news that the US jobless rate neared a three-year low did not whet interest in equities on Friday. The US market came into the new year revisiting familiar themes, with signs the US economic recovery w
Published 08 Jan, 2012 12:00am
Latam stocks post weekly gain, eurozone weighs

Latam stocks post weekly gain, eurozone weighs

Latin American stocks logged gains the first week of the year, though persistent fears about the eurozone's debt crisis pushed the index down on Friday. The MSCI Latin American stock index lost 0.64 percent but advanced 2.29 percent for the week. Deepenin
Published 08 Jan, 2012 12:00am
Brazil share sales seen recovering after 2011 slump

Brazil share sales seen recovering after 2011 slump

Brazilian stock sales, which took their steepest-ever plunge in 2011, will recover this year as risk-taking gains traction and Europe's debt crisis shows signs of easing, the group representing the local investment-banking industry said on Friday.
Published 08 Jan, 2012 12:00am
Turkish shares lower

Turkish shares lower

The lira firmed 0.2 percent on Friday following the central bank's forex auctions and comments to defend the ailing currency while shares dipped due to euro zone concerns, while the overnight jailing of the country's former armed forces chief had neutral
Published 08 Jan, 2012 12:00am
Investors brace for European hit on US earnings

Investors brace for European hit on US earnings

Investors are about to find out if the economic woes in Europe are going to deliver a deep wound to US company earnings instead of the mere scratch that many expect. The fourth-quarter reporting period kicks off next week, and all eyes will be on erosion
Published 08 Jan, 2012 12:00am
Treasuries rise

Treasuries rise

US Treasuries prices rose Friday as a choppy stock market and remarks from top Federal Reserve officials calling for more monetary stimulus fuelled safe-haven bids for government debt ahead of next week's $66 billion in coupon supply. Persistent worries a
Published 08 Jan, 2012 12:00am
Treasuries rise

Treasuries rise

US Treasuries prices rose Friday as a choppy stock market and remarks from top Federal Reserve officials calling for more monetary stimulus fuelled safe-haven bids for government debt ahead of next week's $66 billion in coupon supply. Persistent worries a
Published 08 Jan, 2012 12:00am
Toronto index slips

Toronto index slips

Toronto's main stock index finished lower for the first time this year on Friday, as resource and financial issues fell after Canadian and US jobs data failed to impress investors. The market initially rose on data that showed the US economy added 200,000
Published 08 Jan, 2012 12:00am
Superlong JGBs remain softer

Superlong JGBs remain softer

Longer-dated Japanese government bonds underperformed on Friday ahead of a busy auction schedule, while futures steadied as investors hugged the sidelines ahead of US jobs data and a three-day holiday in Japan. Superlongs were also weighed down by minor p
Published 08 Jan, 2012 12:00am
Superlong JGBs remain softer

Superlong JGBs remain softer

Longer-dated Japanese government bonds underperformed on Friday ahead of a busy auction schedule, while futures steadied as investors hugged the sidelines ahead of US jobs data and a three-day holiday in Japan. Superlongs were also weighed down by minor p
Published 08 Jan, 2012 12:00am
Japan buys 300 million euros of EFSF bonds

Japan buys 300 million euros of EFSF bonds

Japan has bought 300 million euros ($383 million) worth of bonds sold by the euro zone's rescue fund, the European Financial Stability Facility (EFSF), in an auction on Thursday, a finance ministry official told Reuters on Friday. The amount accounts for
Published 08 Jan, 2012 12:00am
Japan buys 300 million euros of EFSF bonds

Japan buys 300 million euros of EFSF bonds

Japan has bought 300 million euros ($383 million) worth of bonds sold by the euro zone's rescue fund, the European Financial Stability Facility (EFSF), in an auction on Thursday, a finance ministry official told Reuters on Friday. The amount accounts for
Published 08 Jan, 2012 12:00am
Special trading session: Indian shares lower

Special trading session: Indian shares lower

Indian shares fell 0.12 percent, with financial stocks leading the losses, in choppy trade during a special trading session on Saturday that saw low institutional participation. "It was a day of low volumes and institutional participation is also less as
Published 08 Jan, 2012 12:00am
Indian corporate bond yields fall

Indian corporate bond yields fall

Indian corporate bond yields ended lower on Friday as robust investor appetite seen at a federal bond auction helped sentiment, with continuous open market operations from the central bank also aiding. Strong demand was seen in a 140 billion rupee ($2.66
Published 08 Jan, 2012 12:00am
Indian corporate bond yields fall

Indian corporate bond yields fall

Indian corporate bond yields ended lower on Friday as robust investor appetite seen at a federal bond auction helped sentiment, with continuous open market operations from the central bank also aiding. Strong demand was seen in a 140 billion rupee ($2.66
Published 08 Jan, 2012 12:00am
Iran denies central bank resignation rumour

Iran denies central bank resignation rumour

A senior Central Bank of Iran official has denied rumours that the bank's governor has resigned, the ISNA news agency reported on Saturday, in a week when the currency hit a record low amid rising inflation and concerns about tighter economic sanctions.
Published 08 Jan, 2012 12:00am
Europe starting to take control of deficits: ECB's Coene

Europe starting to take control of deficits: ECB's Coene

Europe is starting to take control of its public deficits, but it remains to be seen how effective its measures will be, European Central Bank Governing Council member Luc Coene said in an interview aired on Saturday. "I think that, for the moment, we are
Published 08 Jan, 2012 12:00am
IMF chief Lagarde hails South Africa, but warns of euro risks

IMF chief Lagarde hails South Africa, but warns of euro risks

IMF chief Christine Lagarde praised South Africa's "impressive" economic performance Saturday, but again warned that the European debt crisis posed a risk to Africa's largest economy. "South Africa's recent economic performance has been impressive. Good m
Published 08 Jan, 2012 12:00am
Greece needs a bigger debt 'haircut': German adviser

Greece needs a bigger debt 'haircut': German adviser

A 50 percent write-down on Greek debt holdings, part of Greece's debt swap deal, is not enough to put the country's huge debt on a viable footing, an adviser to Germany's finance minister Wolfgang Schaeuble told a Greek newspaper.
Published 08 Jan, 2012 12:00am
Greece to sell bonds backed by state property

Greece to sell bonds backed by state property

Crisis-hit Greece plans to sell bonds with state property as collateral to buy back sovereign debt and postpone a privatisation drive under unfavourable market conditions, a report said on Saturday. To Vima weekly said the Hellenic state asset development
Published 08 Jan, 2012 12:00am
Greece to sell bonds backed by state property

Greece to sell bonds backed by state property

Crisis-hit Greece plans to sell bonds with state property as collateral to buy back sovereign debt and postpone a privatisation drive under unfavourable market conditions, a report said on Saturday. To Vima weekly said the Hellenic state asset development
Published 08 Jan, 2012 12:00am
IMF losing confidence in Greece's ability to reform

IMF losing confidence in Greece's ability to reform

The International Monetary Fund is losing confidence in Greece's ability to clean up its public finances and work off its mountain of debt, German magazine Der Spiegel reported on Saturday.
Published 08 Jan, 2012 12:00am
India to ask for waivers on new US sanctions on Iran

India to ask for waivers on new US sanctions on Iran

India will ask for waivers on new US sanctions on Iran as it seeks to minimise the impact of curbs on oil imports from Tehran, the Times Of India reported on Saturday, without identifying a source for its report. India's National Security Adviser Shivshan
Published 08 Jan, 2012 12:00am
Freddie Mac eases rules for US jobless homeowners

Freddie Mac eases rules for US jobless homeowners

US mortgage finance giant Freddie Mac said Friday it would extend the grace period for unemployed homeowners for up to one year in a bid to reduce defaults that lead to foreclosures. The government-controlled lender said it was giving mortgage servicers t
Published 08 Jan, 2012 12:00am
Wen calls for guard against local government debt risk

Wen calls for guard against local government debt risk

China's Premier Wen Jiabao urged the country on Saturday to reduce risks stemming from local government debt and called for better regulation to manage the risks, although he described the debt situation as "still under control".
Published 08 Jan, 2012 12:00am
Rwanda exports rise 32 percent

Rwanda exports rise 32 percent

Rwanda's exports of goods and services increased by 31.7 percent last year from 2010, thanks to growth in mining, tea and coffee, its minister for trade and industry said Fracois Kanimba said the government was working hard to control inflation after it i
Published 08 Jan, 2012 12:00am
For many Americans, jobs crisis to last many years

For many Americans, jobs crisis to last many years

Despite an upswing in hiring during 2011, the US jobs crisis could last many more years as millions of Americans struggle to find work. In Orlando, Florida, Brenda Solomon lost her retail job last May at a department store and was unable to find even temp
Published 08 Jan, 2012 12:00am
US watchdog tweaks rules on 'non-guilty' rulings

US watchdog tweaks rules on 'non-guilty' rulings

Facing ferocious criticism that rule-breakers are walking away from investigations with light fines and no admission of guilt, the US Securities and Exchange Commission on Friday announced it was changing its rules. The SEC said it would scrap a legal cla
Published 08 Jan, 2012 12:00am
Europe works even if some drop currency

Europe works even if some drop currency

The head of one of Angela Merkel's coalition partners contradicted on Saturday one of her tenets on the euro, saying that the EU would be fine if a country dropped the currency. Horst Seehofer, leader of the conservative Christian Social Union (CSU), said
Published 08 Jan, 2012 12:00am
Airbus agrees A380 deal with Hong Kong Airlines

Airbus agrees A380 deal with Hong Kong Airlines

Airbus and Hong Kong Airlines have struck a deal worth about $3.8 billion at list prices to buy 10 superjumbo A380 jets, reports said. The European aircraft manufacturer plans to deliver the first A380 to the Chinese airline in 2015, Bloomberg said, citin
Published 08 Jan, 2012 12:00am
IN SHORT: Global rubber output may rise

IN SHORT: Global rubber output may rise

Global natural rubber production is expected to rise by 3.1 percent to 10.415 million tonnes in 2012, little changed from the previous forecast of a 3.6 percent rise made in November, the Association of Natural Rubber Producing Countries (ANRPC) said on W
Published 08 Jan, 2012 12:00am
IN SHORT: Vietnam 2011 rubber imports jump

IN SHORT: Vietnam 2011 rubber imports jump

Vietnam, the world's fourth-largest exporter of natural rubber, stepped up its imports of the commodity last year which helped enable record shipments in 2011, customs data show. The Southeast Asian nation imported 343,000 tonnes of rubber as of December
Published 08 Jan, 2012 12:00am
IN SHORT: Uganda's coffee exports up

IN SHORT: Uganda's coffee exports up

Uganda's coffee exports rose 2.3 percent in December compared to the same month in the previous year, helped by favourable weather, a source at the Uganda Coffee Development Authority (UCDA) said on Friday. The east African country, which is on the cusp o
Published 08 Jan, 2012 12:00am
IN SHORT: Indonesia targets zero rice imports

IN SHORT: Indonesia targets zero rice imports

Indonesia will not import rice in 2012 and instead maintain high stock levels by buying 4 million tonnes of the staple grain from domestic sellers, state procurement agency Bulog said. Southeast Asia's biggest economy and the world's third-largest rice gr
Published 08 Jan, 2012 12:00am
IN SHORT: spot copper premiums to China steady

IN SHORT: spot copper premiums to China steady

Spot copper premiums to China were steady at the start of the year on hopes that demand will pick up next month after the Lunar New Year break, traders said on Friday.
Published 08 Jan, 2012 12:00am
Commodities hit by strong dollar; oil spikes on Iran

Commodities hit by strong dollar; oil spikes on Iran

Commodity markets were roiled last week as the dollar surged against the beleaguered euro and oil prices spiked close to eight-month highs on simmering tensions over key crude producer Iran. The European single currency tumbled to yet another 16-month dol
Published 08 Jan, 2012 12:00am
Gold eases as market digests US payrolls data

Gold eases as market digests US payrolls data

Gold eased on Friday, snapping a five-session winning streak, but trade was choppy as investors digested a report of better US job growth and the unemployment rate near a three-year low. The metal still notched its biggest weekly gain in five weeks after
Published 08 Jan, 2012 12:00am
China absent from rubber market

China absent from rubber market

Physical rubber trade kicked off 2012 with most grades changing hands in small lots as China, the biggest rubber buyer, was absent from the market, traders said on Wednesday. Thailand, the world's biggest rubber producer and exporter, resumed trading on W
Published 08 Jan, 2012 12:00am
Indian rice prices fall highly

Indian rice prices fall highly

Indian rice prices edged down a little over the holiday period and remain far lower than the grain in Thailand and Vietnam, which should ensure that India remains the only seller in the market for the time being, traders said on Wednesday. After lifting a
Published 08 Jan, 2012 12:00am
New York cotton ends strong

New York cotton ends strong

Cotton futures closed the week strong, holding solid gains to the finish, despite selling in other commodities and tepid weekly export data, as a drought and a healthy US jobs report supported the longer-term view. Benchmark March cotton futures ended the
Published 08 Jan, 2012 12:00am
Cocoa butter ratios steady in thin trade

Cocoa butter ratios steady in thin trade

Cocoa butter ratios were little changed in Asia this week as industry players returned from the New Year holidays, but re-stocking is likely to support prices in coming months, dealers said on Friday. Cocoa butter, a key chocolate ingredient, was offered
Published 08 Jan, 2012 12:00am
Indonesia confident on first quarter white sugar stocks

Indonesia confident on first quarter white sugar stocks

Indonesia, Southeast Asia's top sugar consumer, has enough white sugar stocks to meet domestic demand until its milling season begins in May, a government minister said on Friday, adding that a decision on imports would be announced next month.
Published 08 Jan, 2012 12:00am
US cotton farmers mull end to Chinese buying

US cotton farmers mull end to Chinese buying

American cotton farmers are wondering how long China will keep buying cotton to rebuild its state reserves, a program that has helped boost fiber prices in the international market, a US cotton industry official said. Gary Adams, vice president and chief
Published 08 Jan, 2012 12:00am
US 2012 cotton sowings to suffer versus corn, soybeans

US 2012 cotton sowings to suffer versus corn, soybeans

US farmers are expected to plant less cotton in 2012 as a decline in prices to below $1 per lb and escalating costs of key inputs such as fuel make it more attractive to sow corn and soybeans. US cotton plantings will range from 12 million to 13.5 million
Published 08 Jan, 2012 12:00am
Monsanto sees drop in 2012 US cotton planting

Monsanto sees drop in 2012 US cotton planting

American cotton plantings in 2012 are seen falling 15 percent to around 12.5 million acres although the final figure will depend a great deal on prices of cotton and rival grains, as well as the vagaries of weather, a top official of lifesciences firm Mon
Published 08 Jan, 2012 12:00am
US farmers face dilemma in pricing cotton crop

US farmers face dilemma in pricing cotton crop

American farmers are mulling whether to price or sell their 2012/13 cotton crop early to lock in historically high fiber prices. Some are hesitant to commit this early, remembering that most growers missed out in reaping huge gains when fibre prices soare
Published 08 Jan, 2012 12:00am
Vietnam cuts rice export floor prices

Vietnam cuts rice export floor prices

Vietnam has lowered floor prices for its rice exports, easing the minimum price for the benchmark 5 percent broken grain by 3 percent to $485 a tonne, but traders said Vietnamese prices are still uncompetitive compared with those of India. The floor for 1
Published 08 Jan, 2012 12:00am
Canadian canola futures higher

Canadian canola futures higher

ICE Canadian canola futures edged higher on Friday on weather worries for Argentina's soyabean crop, and was on course for the most-active month's fourth straight weekly gain. Crushers seen as buyers with crush margins attractive. Most-active March canola
Published 08 Jan, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 133,855 tonnes of cargo comprising 115,705 tonnes of import cargo and 18,150 tonnes of export cargo including 4,582 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 115,705
Published 08 Jan, 2012 12:00am
Minneapolis wheat futures sink to six-month low

Minneapolis wheat futures sink to six-month low

Minneapolis wheat futures sank Friday, while US corn futures stabilised as traders waited to see whether rains bring relief to parched areas of South America. Spring wheat at MGEX dropped below $8 a bushel for the first time since July before paring losse
Published 08 Jan, 2012 12:00am
Corn and wheat export premiums steady at US Gulf Coast

Corn and wheat export premiums steady at US Gulf Coast

Export premiums for corn and wheat at the US Gulf Coast were mostly steady on Friday amid slow demand, while soyabean export premiums were steady to firmer, rising in tandem with CIF basis values, traders said. US Gulf spot corn prices remained at a large
Published 08 Jan, 2012 12:00am
US Midwest corn, soya bids steady to weak

US Midwest corn, soya bids steady to weak

Corn and soyabean spot basis bids were mostly steady to weak at US Midwest elevators, processors and river terminals on Friday as demand was dull following a recent spike in sales of each commodity, grain merchants said. Few sales seen early Friday and co
Published 08 Jan, 2012 12:00am
Chemical items down on Jodia Bazaar

Chemical items down on Jodia Bazaar

The trading in chemical items ended down on Jodia Bazaar here on Saturday. The following variations were noted.
Published 08 Jan, 2012 12:00am
Drought dents hope for bumper Brazil soya, corn crops

Drought dents hope for bumper Brazil soya, corn crops

Two important Brazilian corn and soya producers Parana and Rio Grande do Sul made sharp cuts to crop forecasts on Thursday after weeks of harsh, dry weather dented prospects for a soya crop that as recently as this week some still expected to be a record.
Published 08 Jan, 2012 12:00am
Drought will reduce Argentine corn crop

Drought will reduce Argentine corn crop

The drought that is drying out Argentina's farm areas will cut into the country's 2011/12 corn harvest, as crops struggle to flower under parched conditions, the government said in a weekly report on Friday. The world's No 2 corn producing country has bee
Published 08 Jan, 2012 12:00am
Sharp rise in cotton prices seen on higher demand

Sharp rise in cotton prices seen on higher demand

Exporters and mills' demand pushed cotton prices sharply higher on the cotton market on Saturday, dealers said. The official spot rate was maintained at overnight level at Rs 5,500, they said. Prices of seedcotton in Sindh were higher at Rs 1800-2350 and
Published 08 Jan, 2012 12:00am
Oil cake market rates

Oil cake market rates

Downward trend was seen on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The January contract that had ended at Rs 1163.00 commenced with 40 paisa loss at Rs 1162.60. The new March vaida which closed at 773.90 open
Published 08 Jan, 2012 12:00am
Subdued business seen on grain market

Subdued business seen on grain market

Small business was seen on the wholesale grain market on Saturday as leading buyers were on the sidelines due to little buying interest, dealers said. On the grams side bajra low type quality was higher by Rs 150 to Rs 2400 while the best type did not mov
Published 08 Jan, 2012 12:00am
Message from President, SAARC CCI

Message from President, SAARC CCI

As we are holding Lead 2012; Youth in Rising South Asia: Dreams and Promises, on 7-8th January, 2012. I want to thank you each and every one of you who have contributed in any way for making the event a truly memorable one. SAARC CCI has undertaken severa
Published 08 Jan, 2012 12:00am
Message from Former President, SAARC CCI

Message from Former President, SAARC CCI

This Convention Lead 2012 is a tremendous leap forward for SAARC because Regional integration and growth will not happen with out the private sector, Women Entrepreneurs and Youth. I have no doubt it will be the private sector which will drive us beyond t
Published 08 Jan, 2012 12:00am
Message from Vice President, SAARC CCI

Message from Vice President, SAARC CCI

As Vice President of SAARC Chamber of Commerce & Industry from Pakistan, it is my pleasure to greet and congratulate the President of SAARC CCI, Mr Annisul Huq and the Governing Council of Convention on organising LEAD 2012 Youth in Rising South Asia: Dre
Published 08 Jan, 2012 12:00am
Message from Executive Committee Member SAARC CCI

Message from Executive Committee Member SAARC CCI

It gives me great pleasure in issuing this message on the occasion of this Dhaka Convention LEAD 2012 in association with Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) from 7-8th, January 2012. I would like to take this opportunity to
Published 08 Jan, 2012 12:00am
Message from President, (FBCCI)

Message from President, (FBCCI)

It gives me immense pleasure to be the co-organiser of the memorable event of the SAARC CCI Convention under the theme of LEAD 2012: Youth in Rising South Asia which is being jointly organised by the Federation of Bangladesh Chambers of Commerce & Industr
Published 08 Jan, 2012 12:00am
Message from Executive Committee Member SAARC CCI

Message from Executive Committee Member SAARC CCI

It's immense pleasure for me to express my feeling on Dhaka convention. I believe that this convention will derive the maximum benefits to the region whereby achieve its fullest potential in strengthening and improving the conditions of the South Asian re
Published 08 Jan, 2012 12:00am
LEAD 2012 - Youth in Rising South Asia: Dreams and Promises

LEAD 2012 - Youth in Rising South Asia: Dreams and Promises

LEAD 2012 is for the Youth and the Business Community who would be hearing achievers share their stories along with special focus on their battles, challenges, priorities, South Asian identities, roles and their evolution.
Published 08 Jan, 2012 12:00am
TCKP Committed to the revival of Tourism in Khyber Pakhtunkhwa

TCKP Committed to the revival of Tourism in Khyber Pakhtunkhwa

Pakistan as a country is gifted with enormous scenic beauty, diverse cultures and abundance of adventure sites. Khyber Pakhtunkhwa plays a vital role in hosting some of these exceptionally rich tourists attractions. Apart from its graceful geography, the
Published 08 Jan, 2012 12:00am
THE RUPEE: dollar crosses 91 level

THE RUPEE: dollar crosses 91 level

The dollar easily crossed the level of Rs 91 on the currency market on Saturday in process of trading, they said. The rupee lost 45 paisa in relation to dollar for buying and selling at 91.10 and 91.30, they said. Versus euro the rupee, however, rose by n
Published 08 Jan, 2012 12:00am
THE RUPEE: dollar crosses 91 level

THE RUPEE: dollar crosses 91 level

The dollar easily crossed the level of Rs 91 on the currency market on Saturday in process of trading, they said. The rupee lost 45 paisa in relation to dollar for buying and selling at 91.10 and 91.30, they said. Versus euro the rupee, however, rose by n
Published 08 Jan, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (January 07, 2012).

Published 08 Jan, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (January 07, 2012).

Published 08 Jan, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 07, 2012).

Published 08 Jan, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 07, 2012).

Published 08 Jan, 2012 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (January 07, 2012).

Published 08 Jan, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 07, 2012).

Published 08 Jan, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 07, 2012).

Published 08 Jan, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 07, 2012).

Published 08 Jan, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 07, 2012).

Published 08 Jan, 2012 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 (January 07, 2012).

Published 08 Jan, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (January 07, 2012).

Published 08 Jan, 2012 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 (January 07, 2012).

Published 08 Jan, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (January 07, 2012).

Published 08 Jan, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (January 07, 2012) and for Sunday (January 08, 2012).
Published 08 Jan, 2012 12:00am
Court jails former Indian telecoms minister

Court jails former Indian telecoms minister

An Indian court on Saturday jailed a former telecoms minister for three years over a 1993 financial scandal when he was in office, court officials said. The 86-year-old Sukh Ram was India's telecommunications minister for three years from 1993 when the co
Published 08 Jan, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (January 07, 2012).

Published 08 Jan, 2012 12:00am
Court jails former Indian telecoms minister

Court jails former Indian telecoms minister

An Indian court on Saturday jailed a former telecoms minister for three years over a 1993 financial scandal when he was in office, court officials said. The 86-year-old Sukh Ram was India's telecommunications minister for three years from 1993 when the co
Published 08 Jan, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 07, 2012).

Published 08 Jan, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 07, 2012).

Published 08 Jan, 2012 12:00am
The Weather

The Weather

The weather report on Saturday (January 07, 2012) and the forecast for Sunday (January 08, 2012).

Published 08 Jan, 2012 12:00am
Supreme Court to be moved against gas loadshedding: Shahbaz

Supreme Court to be moved against gas loadshedding: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said the Punjab government will move the Supreme Court in connection with gas load shedding in Punjab. He was talking to newsmen at Allama Iqbal International Airport on Saturday upon his return from a four-day vis
Published 08 Jan, 2012 12:00am
Supreme Court to be moved against gas loadshedding: Shahbaz

Supreme Court to be moved against gas loadshedding: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said the Punjab government will move the Supreme Court in connection with gas load shedding in Punjab. He was talking to newsmen at Allama Iqbal International Airport on Saturday upon his return from a four-day vis
Published 08 Jan, 2012 12:00am
Supreme Court to be moved against gas loadshedding: Shahbaz

Supreme Court to be moved against gas loadshedding: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said the Punjab government will move the Supreme Court in connection with gas load shedding in Punjab. He was talking to newsmen at Allama Iqbal International Airport on Saturday upon his return from a four-day vis
Published 08 Jan, 2012 12:00am
Britain sends new warship to Gulf amid Iran tensions

Britain sends new warship to Gulf amid Iran tensions

Britain's newest warship is heading to the Gulf for its first mission at a time of tensions over Iran's threat to close the strategic Strait of Hormuz, a key transport route for oil. The Royal Navy's Type 45 destroyer HMS Daring, which has a "stealth" des
Published 08 Jan, 2012 12:00am
Britain sends new warship to Gulf amid Iran tensions

Britain sends new warship to Gulf amid Iran tensions

Britain's newest warship is heading to the Gulf for its first mission at a time of tensions over Iran's threat to close the strategic Strait of Hormuz, a key transport route for oil. The Royal Navy's Type 45 destroyer HMS Daring, which has a "stealth" des
Published 08 Jan, 2012 12:00am
Iran holds military exercise near Afghan border

Iran holds military exercise near Afghan border

Iran launched a military manoeuvre near its border with Afghanistan on Saturday, the semi-official Fars news agency reported, days after naval exercises in the Gulf increased tensions with the West and pushed up oil prices. Mohammad Pakpour, commander of
Published 08 Jan, 2012 12:00am
Iran holds military exercise near Afghan border

Iran holds military exercise near Afghan border

Iran launched a military manoeuvre near its border with Afghanistan on Saturday, the semi-official Fars news agency reported, days after naval exercises in the Gulf increased tensions with the West and pushed up oil prices. Mohammad Pakpour, commander of
Published 08 Jan, 2012 12:00am
Prices of all fuels rise due to winter

Prices of all fuels rise due to winter

The prices of most of the essential kitchen items remained on the high side during the past week as compared to the preceding week, a survey by Business Recorder on Saturday showed. It was observed that prices of all fuels, including kerosene oil,
Published 08 Jan, 2012 12:00am
Prices of all fuels rise due to winter

Prices of all fuels rise due to winter

The prices of most of the essential kitchen items remained on the high side during the past week as compared to the preceding week, a survey by Business Recorder on Saturday showed. It was observed that prices of all fuels, including kerosene oil,
Published 08 Jan, 2012 12:00am
Prices of all fuels rise due to winter

Prices of all fuels rise due to winter

The prices of most of the essential kitchen items remained on the high side during the past week as compared to the preceding week, a survey by Business Recorder on Saturday showed. It was observed that prices of all fuels, including kerosene oil,
Published 08 Jan, 2012 12:00am
Saudi Arabia signs 2.3 billion riyal rail contracts

Saudi Arabia signs 2.3 billion riyal rail contracts

Saudi Arabia signed three contracts worth 2.3 billion riyals ($613 million) on Saturday for the construction of maintenance service buildings and five stations to support its longest railway, the North/South railway, state news agency SPA said.
Published 08 Jan, 2012 12:00am
Saudi Arabia signs 2.3 billion riyal rail contracts

Saudi Arabia signs 2.3 billion riyal rail contracts

Saudi Arabia signed three contracts worth 2.3 billion riyals ($613 million) on Saturday for the construction of maintenance service buildings and five stations to support its longest railway, the North/South railway, state news agency SPA said.
Published 08 Jan, 2012 12:00am
Saudi Arabia signs 2.3 billion riyal rail contracts

Saudi Arabia signs 2.3 billion riyal rail contracts

Saudi Arabia signed three contracts worth 2.3 billion riyals ($613 million) on Saturday for the construction of maintenance service buildings and five stations to support its longest railway, the North/South railway, state news agency SPA said.
Published 08 Jan, 2012 12:00am
Swiss authorities: government won't write letter, says Zardari

Swiss authorities: government won't write letter, says Zardari

Describing the case of National Reconciliation Ordinance (NRO) and Swiss court "history", President Asif Ali Zardari on Saturday said Pakistan People's Party (PPP) will not conduct a trial of grave of Shaheed Benazir Bhutto.
Published 08 Jan, 2012 12:00am
Swiss authorities: government won't write letter, says Zardari

Swiss authorities: government won't write letter, says Zardari

Describing the case of National Reconciliation Ordinance (NRO) and Swiss court "history", President Asif Ali Zardari on Saturday said Pakistan People's Party (PPP) will not conduct a trial of grave of Shaheed Benazir Bhutto.
Published 08 Jan, 2012 12:00am
'Contempt of court': Awan won't tender unconditional apology

'Contempt of court': Awan won't tender unconditional apology

A calm and composed Dr Babar Awan has decided that he won't tender an unconditional apology to the court and that he will defend himself in response to show cause notices that he has received for allegedly ridiculing higher judiciary. "Awan would own what
Published 08 Jan, 2012 12:00am
'Contempt of court': Awan won't tender unconditional apology

'Contempt of court': Awan won't tender unconditional apology

A calm and composed Dr Babar Awan has decided that he won't tender an unconditional apology to the court and that he will defend himself in response to show cause notices that he has received for allegedly ridiculing higher judiciary. "Awan would own what
Published 08 Jan, 2012 12:00am
Ijaz will come to Pakistan: counsel

Ijaz will come to Pakistan: counsel

Mansoor Ijaz will come to Pakistan to testify his version before the Judicial Commission as and when he may be required, Akram Sheikh, Manzoor Ijaz's counsel in Memogate case, said in a statement issued here on Saturday. Contradicting media reports, couns
Published 08 Jan, 2012 12:00am
Ijaz will come to Pakistan: counsel

Ijaz will come to Pakistan: counsel

Mansoor Ijaz will come to Pakistan to testify his version before the Judicial Commission as and when he may be required, Akram Sheikh, Manzoor Ijaz's counsel in Memogate case, said in a statement issued here on Saturday. Contradicting media reports, couns
Published 08 Jan, 2012 12:00am
PPP activist seeks registration of an FIR

PPP activist seeks registration of an FIR

An activist of Pakistan People's Party on Saturday filed an application in the court of Additional Sessions Judge Islamabad, praying for direction to police to register an FIR against Pakistani-American businessman Mansoor Ijaz. Earlier, Khalid Sati has a
Published 08 Jan, 2012 12:00am
PPP activist seeks registration of an FIR

PPP activist seeks registration of an FIR

An activist of Pakistan People's Party on Saturday filed an application in the court of Additional Sessions Judge Islamabad, praying for direction to police to register an FIR against Pakistani-American businessman Mansoor Ijaz. Earlier, Khalid Sati has a
Published 08 Jan, 2012 12:00am
Pakistan ties with Israel? Why not, asks Musharraf

Pakistan ties with Israel? Why not, asks Musharraf

Pakistan should consider establishing ties with Israel, said exiled former Pakistani President Pervez Musharraf, remarks likely to anger many in the Muslim-majority country where he hopes to make a political comeback. Musharraf, who resigned in 2008 in di
Published 08 Jan, 2012 12:00am
Pakistan ties with Israel? Why not, asks Musharraf

Pakistan ties with Israel? Why not, asks Musharraf

Pakistan should consider establishing ties with Israel, said exiled former Pakistani President Pervez Musharraf, remarks likely to anger many in the Muslim-majority country where he hopes to make a political comeback. Musharraf, who resigned in 2008 in di
Published 08 Jan, 2012 12:00am
Obama vows to do 'whatever it takes' to grow economy

Obama vows to do 'whatever it takes' to grow economy

US President Barack Obama promised Saturday to do "whatever it takes" to maintain growth in the US economy as he announced a summit with business leaders dedicated to job creation at home. "This year, I'm going to keep doing whatever it takes to move this
Published 08 Jan, 2012 12:00am
Obama vows to do 'whatever it takes' to grow economy

Obama vows to do 'whatever it takes' to grow economy

US President Barack Obama promised Saturday to do "whatever it takes" to maintain growth in the US economy as he announced a summit with business leaders dedicated to job creation at home. "This year, I'm going to keep doing whatever it takes to move this
Published 08 Jan, 2012 12:00am
Obama vows to do ''whatever it takes'' to grow economy

Obama vows to do ''whatever it takes'' to grow economy

US President Barack Obama promised Saturday to do "whatever it takes" to maintain growth in the US economy as he announced a summit with business leaders dedicated to job creation at home. "This year, I''m going to keep doing whatever it takes to move thi
Published 08 Jan, 2012 12:00am
PPP believes in elections and sanctity of vote: Prime Minister

PPP believes in elections and sanctity of vote: Prime Minister

Prime Minister Yousuf Raza Gilani said on Saturday that elections "are part of democracy, and PPP believes in elections and sanctity of votes". Speaking at the annual reception of Lahore Bar Association, he said: "We are from the people and come through e
Published 08 Jan, 2012 12:00am
Anti-Zardari slogans during Prime Minister's address

Anti-Zardari slogans during Prime Minister's address

The Prime Minister Yousuf Raza Gilani's speech at the gathering of lawyers on Saturday in Lahore was interrupted by the pro-Chief Justice of Pakistan slogans such as "Chief teray jan nisar beshumar", a private TV channel reported. The channel further said
Published 08 Jan, 2012 12:00am
Anti-Zardari slogans during Prime Minister's address

Anti-Zardari slogans during Prime Minister's address

The Prime Minister Yousuf Raza Gilani's speech at the gathering of lawyers on Saturday in Lahore was interrupted by the pro-Chief Justice of Pakistan slogans such as "Chief teray jan nisar beshumar", a private TV channel reported. The channel further said
Published 08 Jan, 2012 12:00am
Swiss central bank to revise transaction rules

Swiss central bank to revise transaction rules

Switzerland's central bank says it will revise regulations on transactions by its top officials amid a controversy over the role of the bank's president in private currency deals conducted as he led efforts to soften the Swiss franc. The Swiss National Ba
Published 08 Jan, 2012 12:00am
Swiss central bank to revise transaction rules

Swiss central bank to revise transaction rules

Switzerland's central bank says it will revise regulations on transactions by its top officials amid a controversy over the role of the bank's president in private currency deals conducted as he led efforts to soften the Swiss franc. The Swiss National Ba
Published 08 Jan, 2012 12:00am
Swiss central bank to revise transaction rules

Swiss central bank to revise transaction rules

Switzerland''s central bank says it will revise regulations on transactions by its top officials amid a controversy over the role of the bank''s president in private currency deals conducted as he led efforts to soften the Swiss franc. The Swiss National
Published 08 Jan, 2012 12:00am
Cargo drone makes debut in Afghanistan

Cargo drone makes debut in Afghanistan

The US military is testing a revolutionary new drone for its arsenal, a pilotless helicopter intended to fly cargo missions to remote outposts where frequent roadside bombs threaten access by road convoys. Surveillance drones for monitoring enemy activity
Published 08 Jan, 2012 12:00am
Cargo drone makes debut in Afghanistan

Cargo drone makes debut in Afghanistan

The US military is testing a revolutionary new drone for its arsenal, a pilotless helicopter intended to fly cargo missions to remote outposts where frequent roadside bombs threaten access by road convoys. Surveillance drones for monitoring enemy activity
Published 08 Jan, 2012 12:00am
'Double Shah' awarded 14-year RI

'Double Shah' awarded 14-year RI

An accountability court here on Saturday awarded 14-years imprisonment to Syed Sibt-ul-Hassan Shah Gillani alias 'Double Shah' involved in making money worth 441.347 million by cheating public at large. The court also imposed a fine of over Rs 3 billion a
Published 08 Jan, 2012 12:00am
'Double Shah' awarded 14-year RI

'Double Shah' awarded 14-year RI

An accountability court here on Saturday awarded 14-years imprisonment to Syed Sibt-ul-Hassan Shah Gillani alias 'Double Shah' involved in making money worth 441.347 million by cheating public at large. The court also imposed a fine of over Rs 3 billion a
Published 08 Jan, 2012 12:00am
National moot sought: Nawaz for easing Baloch people's concerns

National moot sought: Nawaz for easing Baloch people's concerns

Pakistan Muslim League-Nawaz President and former prime minister Nawaz Sharif on Saturday demanded that a national conference should be held in order to remove 'genuine concerns of Baloch people.' Addressing party workers here, he said the government shou
Published 08 Jan, 2012 12:00am
National moot sought: Nawaz for easing Baloch people's concerns

National moot sought: Nawaz for easing Baloch people's concerns

Pakistan Muslim League-Nawaz President and former prime minister Nawaz Sharif on Saturday demanded that a national conference should be held in order to remove 'genuine concerns of Baloch people.' Addressing party workers here, he said the government shou
Published 08 Jan, 2012 12:00am
Rehman Malik rejects PML-N demand for early elections

Rehman Malik rejects PML-N demand for early elections

Federal Interior Minister Rehman Malik rejected the demand of Pakistan Muslim League-Nawaz (PML-N) for early elections and said that it is a conspiracy to derail democracy. Addressing the inaugural ceremony of Passport Office Jaranwala on Saturday, he sai
Published 08 Jan, 2012 12:00am
Firdous briefs President about working of Information Ministry

Firdous briefs President about working of Information Ministry

Federal Minister for Information Dr Firdous Ashiq Awan on Saturday called on President Asif Ali Zardari at Aiwan-e-Sadr and briefed him about working of the Information Ministry. The President underlined the need for highlighting the achievements of the g
Published 08 Jan, 2012 12:00am
APC proposed by Nawaz: PPP considering attending

APC proposed by Nawaz: PPP considering attending

A section of the media has reported that the Pakistan Muslim League-N (PML-N) Chief Mian Nawaz Sharif is contemplating to convene all Parties Conference on the situation in Balochistan. Commenting on it Spokesperson of the Party Farhatullah Babar said in
Published 08 Jan, 2012 12:00am
APC proposed by Nawaz: PPP considering attending

APC proposed by Nawaz: PPP considering attending

A section of the media has reported that the Pakistan Muslim League-N (PML-N) Chief Mian Nawaz Sharif is contemplating to convene all Parties Conference on the situation in Balochistan. Commenting on it Spokesperson of the Party Farhatullah Babar said in
Published 08 Jan, 2012 12:00am
PML-N ready for early polls, but...

PML-N ready for early polls, but...

The major opposition party Pakistan Muslim League-Nawaz (PML-N), which shows it readiness for general elections as early as today, but issues such as incomplete electoral rolls, independent election commission and impartial interim setup are yet to be set
Published 08 Jan, 2012 12:00am
PML-N ready for early polls, but...

PML-N ready for early polls, but...

The major opposition party Pakistan Muslim League-Nawaz (PML-N), which shows it readiness for general elections as early as today, but issues such as incomplete electoral rolls, independent election commission and impartial interim setup are yet to be set
Published 08 Jan, 2012 12:00am
Nato's 140 containers sent back to Karachi

Nato's 140 containers sent back to Karachi

About 140 Nato containers which were parked at Chaman border were sent back to Karachi, official sources said on Saturday. Pakistani Security officials told APP that as many as 140 Nato containers which were barred from entering the Afghanistan have been
Published 08 Jan, 2012 12:00am
Nato's 140 containers sent back to Karachi

Nato's 140 containers sent back to Karachi

About 140 Nato containers which were parked at Chaman border were sent back to Karachi, official sources said on Saturday. Pakistani Security officials told APP that as many as 140 Nato containers which were barred from entering the Afghanistan have been
Published 08 Jan, 2012 12:00am
Chinese paper calls US a 'troublemaker' for defence strategy

Chinese paper calls US a 'troublemaker' for defence strategy

China's state media stepped up its criticism on Saturday of the United States' planned strategic shift into Asia, accusing Washington of being a "troublemaker" responsible for mounting tensions in the region. The commentary in the overseas edition of the
Published 08 Jan, 2012 12:00am
Chinese paper calls US a 'troublemaker' for defence strategy

Chinese paper calls US a 'troublemaker' for defence strategy

China's state media stepped up its criticism on Saturday of the United States' planned strategic shift into Asia, accusing Washington of being a "troublemaker" responsible for mounting tensions in the region. The commentary in the overseas edition of the
Published 08 Jan, 2012 12:00am
Sindh to raise issue of Zakat collection at CCI

Sindh to raise issue of Zakat collection at CCI

Sindh government has, in principle, decided to raise the issue of collection of Zakat by the province at the Council of Common Interests (CCI). Sindh Chief Minister Syed Qaim Ali Shah has directed the officials concerned to make a comprehensive case in th
Published 08 Jan, 2012 12:00am
Sindh to raise issue of Zakat collection at CCI

Sindh to raise issue of Zakat collection at CCI

Sindh government has, in principle, decided to raise the issue of collection of Zakat by the province at the Council of Common Interests (CCI). Sindh Chief Minister Syed Qaim Ali Shah has directed the officials concerned to make a comprehensive case in th
Published 08 Jan, 2012 12:00am
Sindh to raise issue of Zakat collection at CCI

Sindh to raise issue of Zakat collection at CCI

Sindh government has, in principle, decided to raise the issue of collection of Zakat by the province at the Council of Common Interests (CCI). Sindh Chief Minister Syed Qaim Ali Shah has directed the officials concerned to make a comprehensive case in th
Published 08 Jan, 2012 12:00am
Chinese resort planned for rural Wales

Chinese resort planned for rural Wales

Developers are planning to create a luxury holiday resort in rural Wales designed specifically for Chinese tourists, with the aim of bringing 20,000 to the country each year, developers said Saturday Planning permission has been lodged for a 92-room hotel
Published 08 Jan, 2012 12:00am
Chinese resort planned for rural Wales

Chinese resort planned for rural Wales

Developers are planning to create a luxury holiday resort in rural Wales designed specifically for Chinese tourists, with the aim of bringing 20,000 to the country each year, developers said Saturday Planning permission has been lodged for a 92-room hotel
Published 08 Jan, 2012 12:00am
Chinese resort planned for rural Wales

Chinese resort planned for rural Wales

Developers are planning to create a luxury holiday resort in rural Wales designed specifically for Chinese tourists, with the aim of bringing 20,000 to the country each year, developers said Saturday Planning permission has been lodged for a 92-room hotel
Published 08 Jan, 2012 12:00am
Kunar Pushaki gas field to be partially operational from January 12

Kunar Pushaki gas field to be partially operational from January 12

The much-awaited Kunar Pushaki gas field is likely to become partially functional from January 12, Petroleum Ministry officials said. According to the Ministry sources, Prime Minister Gilani to inaugurate the Kunar Pushaki gas field on January 12 to get 1
Published 08 Jan, 2012 12:00am
Kunar Pushaki gas field to be partially operational from January 12

Kunar Pushaki gas field to be partially operational from January 12

The much-awaited Kunar Pushaki gas field is likely to become partially functional from January 12, Petroleum Ministry officials said. According to the Ministry sources, Prime Minister Gilani to inaugurate the Kunar Pushaki gas field on January 12 to get 1
Published 08 Jan, 2012 12:00am
Kunar Pushaki gas field to be partially operational from January 12

Kunar Pushaki gas field to be partially operational from January 12

The much-awaited Kunar Pushaki gas field is likely to become partially functional from January 12, Petroleum Ministry officials said. According to the Ministry sources, Prime Minister Gilani to inaugurate the Kunar Pushaki gas field on January 12 to get 1
Published 08 Jan, 2012 12:00am
Sales Tax on Services Bill becomes law

Sales Tax on Services Bill becomes law

The Sindh Assembly on Saturday passed the Sales Tax on Services (Amendment) Bill, 2011 into law with a view to harmonising the mode of collection of tax on services. Now, Sindh has become the first province to collect tax after the passage of 18th Amendme
Published 08 Jan, 2012 12:00am
Sales Tax on Services Bill becomes law

Sales Tax on Services Bill becomes law

The Sindh Assembly on Saturday passed the Sales Tax on Services (Amendment) Bill, 2011 into law with a view to harmonising the mode of collection of tax on services. Now, Sindh has become the first province to collect tax after the passage of 18th Amendme
Published 08 Jan, 2012 12:00am
Sales Tax on Services Bill becomes law

Sales Tax on Services Bill becomes law

The Sindh Assembly on Saturday passed the Sales Tax on Services (Amendment) Bill, 2011 into law with a view to harmonising the mode of collection of tax on services. Now, Sindh has become the first province to collect tax after the passage of 18th Amendme
Published 08 Jan, 2012 12:00am
Transfer & postings

Transfer & postings

Zulfikar Ali Nizamani, an officer of Provincial Secretariat Service (PSS) (BS-18), defunct Executive District Officer (I), District Jamshoro, has been transferred and posted as Deputy Director (BS-18) Anti-Corruption Establishment, Jamshoro vice Fakhar-ud
Published 08 Jan, 2012 12:00am
MQM leaders meet Pir Pagaro

MQM leaders meet Pir Pagaro

Muttahida Qaumi Movement (MQM)'s Rabita Committee members, Mustafa Azizabadi and Amir Khan inquired about the wellbeing of Functional-League's Chief, Pir Pagaro at the Wellington Hospital in London. According to a statement issued by MQM, here on Saturday
Published 08 Jan, 2012 12:00am
Special security on Bhitai's Urs directed

Special security on Bhitai's Urs directed

Inspector General of Police (IGP) Sindh, Mushtaq Ahmed Shah, has directed that extraordinary security measures be taken on the occasion of the Urs of Shah Abdul Latif Bhitai being marked on January 9. A police statement here on Saturday said that IGP Sind
Published 08 Jan, 2012 12:00am
Bicycle production declines during 2010-11

Bicycle production declines during 2010-11

Production of bicycles is constantly on the decline for last few years and during 2010-11, bicycle production was recorded at 284,865 down by 105,057 bicycles as compared to 2009-10 production. According to industrial production statistics, in 2009-10, bi
Published 08 Jan, 2012 12:00am
180 Indian fishermen released

180 Indian fishermen released

In view of strengthening friendly relations with the neighbouring country, some 180 Indians, who had mistakenly entered Pakistani territory, were released from Malir jail on Saturday. According to official sources, Pakistan has shown keenness to strengthe
Published 08 Jan, 2012 12:00am
Asif Bajwa appointed Secretary of Planning Commission

Asif Bajwa appointed Secretary of Planning Commission

Asif Bajwa has been appointed Secretary Planning Commission of Pakistan and would assume the charge on Monday, it is learnt. Asif Bajwa was working as Secretary Statistics Division before his new assignment. According to the Sources, Sohail Ahmed Secretar
Published 08 Jan, 2012 12:00am
Present government will complete its tenure: Nisar Khuhro

Present government will complete its tenure: Nisar Khuhro

The Speaker Sindh Assembly Nisar Ahmed Khuhro maintained that the present government would complete its tenure of five years and if felt necessary to seek confidence of the countrymen prior to mandated tenure, the Prime Minister can request the President
Published 08 Jan, 2012 12:00am
APML to hold public meeting at 2 pm today

APML to hold public meeting at 2 pm today

All Pakistan Muslim League (APML) is organising public meeting at the ground adjacent to mausoleum of father of the nation Quaid-e-Azam Muhammad Ali Jinnah on January 8. According to an announcement issued by APML here on Saturday, APML President General
Published 08 Jan, 2012 12:00am
Amendments to certain provisions of Custom Act assured

Amendments to certain provisions of Custom Act assured

Mumtaz Rizvi, Member Customs, FBR on Saturday assured to make amendments to certain provisions of Custom Act 1969 to facilitate the stakeholders at maximum. He was addressing as chief guest at the foundation laying ceremony of Customs Auction Yard at Jung
Published 08 Jan, 2012 12:00am
Efforts to develop encroachment on HCCI plot condemned

Efforts to develop encroachment on HCCI plot condemned

President of Hyderabad Chamber of Commerce & Industry, Goharullah has strongly condemned efforts to develop encroachment on the plot of Hyderabad Chamber of Commerce spread over 4,000 sq. yards allocated by chief minister's cabinet. He said that the encro
Published 08 Jan, 2012 12:00am
FJA to become federal university of Law: FJA, BoG

FJA to become federal university of Law: FJA, BoG

The 36th meeting of the Board of Governors (BoGs) of the Federal Judicial Academy (FJA) has unanimously decided to ask the Federal Government for a charter to set up the "Federal University of law and Judicial Administration", Islamabad, for the promotion
Published 08 Jan, 2012 12:00am
'TTP chief Balochistan killed'

'TTP chief Balochistan killed'

Crime Investigation Department (CID), Sindh Police on Saturday claimed to have killed a chief of Tehrik Taliban Pakistan (TTP), Balochistan and arrested his other accomplice during a raid in the limits of Sharea Faisal police station. According to details
Published 08 Jan, 2012 12:00am
Lakhra Coal Mines Project: HCCI concerned over harassment to investors

Lakhra Coal Mines Project: HCCI concerned over harassment to investors

President of Hyderabad Chamber of Commerce & Industry, Goharullah has taken stern notice of the harassment to investors working at Lakhra Coal Mines Project. He showed concern that Sindh Coal Mines Energy stopped work at the project with the help of polic
Published 08 Jan, 2012 12:00am
LCCI ends protest following assurance on gas supply

LCCI ends protest following assurance on gas supply

Leadership of Lahore Chamber of Commerce and Industry (LCCI) Saturday night had successful talks with Governor Punjab, Latif Khosa over the issue of gas supply to the industry in Punjab and announced to end their protest campaign after the assurance of tw
Published 08 Jan, 2012 12:00am
Fazl urges all political forces to unite for transparent polls

Fazl urges all political forces to unite for transparent polls

The chief of Jamiat Ulema-e-Islam (JUI-F), Fazl-ur-Rehman, on Saturday urged the political forces to unite for a transparent voters' list, an acceptable caretaker government, and an independent election commission, to hold transparent election in the coun
Published 08 Jan, 2012 12:00am
Summit Bank-NIT co-branded ATM card introduced

Summit Bank-NIT co-branded ATM card introduced

Summit Bank and National Investment Trust on Saturday introduced Summit Bank-NIT co-branded ATM card for NIT unit holders. The ATM card will enable customers to withdraw cash against instant redemption of their NIT units. A ceremony was held at a hotel. P
Published 08 Jan, 2012 12:00am
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