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Archive - 2012-01-15
Rs.50bn required for next budget: ERRA
Top News

Rs.50bn required for next budget: ERRA

ISLAMABAD : Earthquake Reconstruction and Rehabilitation Authority (ERRA) require Rs. 50 billion for the fiscal year (20
Published 15 Jan, 2012 11:04am
Auto sector needs a shot in the arm
Top News

Auto sector needs a shot in the arm

IQBAL MIRZA KARACHI : The automobile sector needs a shot in the arm to jack up cars to population ratio, which is inc
Published 15 Jan, 2012 05:08am
Shaken Kazakhstan votes after riots
Top News

Shaken Kazakhstan votes after riots

ASTANA: A shaken Kazakhstan elected a new parliament on Sunday just a month after deadly riots challenged the resource-r
Published 15 Jan, 2012 04:58am
India 165-6 at lunch
Cricket

India 165-6 at lunch

PERTH: India were 165-6 at lunch in their second innings on the third day of the third Test against Australia at the WAC
Published 15 Jan, 2012 04:48am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (January 14, 2012).

Published 15 Jan, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (January 14, 2012).

Published 15 Jan, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 14, 2012).

Published 15 Jan, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 14, 2012).

Published 15 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 14, 2012).

Published 15 Jan, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 14, 2012).

Published 15 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 14, 2012).

Published 15 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 14, 2012).

Published 15 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 14, 2012).

Published 15 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 14, 2012).

Published 15 Jan, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (January 14, 2012).

Published 15 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 14, 2012).

Published 15 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 14, 2012).

Published 15 Jan, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (January 14, 2012) and for Sunday (January 15, 2012).
Published 15 Jan, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (January 14, 2012).

Published 15 Jan, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 14, 2012).

Published 15 Jan, 2012 12:00am
The Weather

The Weather

The weather report on Saturday (January 14, 2012) and the forecast for Sunday (January 15, 2012).

Published 15 Jan, 2012 12:00am
Your rupee last quarter

Your rupee last quarter

Following currency fluctuations took place in foreign exchange rates during the last quarter. (October 03 to December 30, 2011)

Published 15 Jan, 2012 12:00am
Kayani meets Zardari, calls Prime Minister's criticism 'divisive'

Kayani meets Zardari, calls Prime Minister's criticism 'divisive'

Army Chief General Parvez Kayani is furious with the prime minister for statements criticising the army and has demanded that they be clarified or withdrawn, a senior military source told Reuters on Saturday. "The army chief complained to the president ab
Published 15 Jan, 2012 12:00am
Kayani meets Zardari, calls Prime Minister's criticism 'divisive'

Kayani meets Zardari, calls Prime Minister's criticism 'divisive'

Army Chief General Parvez Kayani is furious with the prime minister for statements criticising the army and has demanded that they be clarified or withdrawn, a senior military source told Reuters on Saturday. "The army chief complained to the president ab
Published 15 Jan, 2012 12:00am
Strong signs of thaw in standoff

Strong signs of thaw in standoff

President Asif Ali Zardari and Chief of Army Staff General Ashfaq Parvez Kayani on Saturday discussed country's internal and external security affairs, it is learnt. After the meeting speculations were rife that moves could be made to defuse the standoff
Published 15 Jan, 2012 12:00am
Strong signs of thaw in standoff

Strong signs of thaw in standoff

President Asif Ali Zardari and Chief of Army Staff General Ashfaq Parvez Kayani on Saturday discussed country's internal and external security affairs, it is learnt. After the meeting speculations were rife that moves could be made to defuse the standoff
Published 15 Jan, 2012 12:00am
Premier talks up harmony with army

Premier talks up harmony with army

In a bid to defuse tension between the civilian government and the nation's powerful military, whose relations are at their lowest since 1999, Pakistan's prime minister struck a conciliatory tone with the army chief at a defence committee meeting. "Our go
Published 15 Jan, 2012 12:00am
Premier talks up harmony with army

Premier talks up harmony with army

In a bid to defuse tension between the civilian government and the nation's powerful military, whose relations are at their lowest since 1999, Pakistan's prime minister struck a conciliatory tone with the army chief at a defence committee meeting. "Our go
Published 15 Jan, 2012 12:00am
Memogate case: I'm positively coming to Pakistan, says Ijaz

Memogate case: I'm positively coming to Pakistan, says Ijaz

US businessman Mansoor Ijaz said in a statement on Saturday that he would come to Pakistan and reveal the truth. According to him, former Pakistan ambassador to the US Husain Haqqani cannot make an escape through "petty tactics of intimidating" his counse
Published 15 Jan, 2012 12:00am
Memogate case: I'm positively coming to Pakistan, says Ijaz

Memogate case: I'm positively coming to Pakistan, says Ijaz

US businessman Mansoor Ijaz said in a statement on Saturday that he would come to Pakistan and reveal the truth. According to him, former Pakistan ambassador to the US Husain Haqqani cannot make an escape through "petty tactics of intimidating" his counse
Published 15 Jan, 2012 12:00am
Nato attack: US Centcom report rejected by DCC?

Nato attack: US Centcom report rejected by DCC?

The Defence Committee of the Cabinet presided over by Prime Minister Syed Yousaf Raza Gilani on Saturday took a decision on the US Centcom inquiry report about Silala attack on November 26, 2011 that killed 24 soldiers and injured several others.
Published 15 Jan, 2012 12:00am
Nato attack: US Centcom report rejected by DCC?

Nato attack: US Centcom report rejected by DCC?

The Defence Committee of the Cabinet presided over by Prime Minister Syed Yousaf Raza Gilani on Saturday took a decision on the US Centcom inquiry report about Silala attack on November 26, 2011 that killed 24 soldiers and injured several others.
Published 15 Jan, 2012 12:00am
PML-N proposes key amendments to resolution

PML-N proposes key amendments to resolution

Pakistan Muslim League-Nawaz (PML-N) Saturday proposed amendments to the government-sponsored resolution tabled in National Assembly, asking the government to implement all previous parliamentary resolutions and verdicts of superior judiciary. The resolut
Published 15 Jan, 2012 12:00am
PML-N proposes key amendments to resolution

PML-N proposes key amendments to resolution

Pakistan Muslim League-Nawaz (PML-N) Saturday proposed amendments to the government-sponsored resolution tabled in National Assembly, asking the government to implement all previous parliamentary resolutions and verdicts of superior judiciary. The resolut
Published 15 Jan, 2012 12:00am
Iraq suicide bomber kills 53 at pilgrimage climax

Iraq suicide bomber kills 53 at pilgrimage climax

A suicide bomber killed 53 people in an apparent sectarian attack in southern Iraq Saturday casting a pall over the climax of a Shia pilgrimage that draws hundreds of thousands from around the world.
Published 15 Jan, 2012 12:00am
Iraq suicide bomber kills 53 at pilgrimage climax

Iraq suicide bomber kills 53 at pilgrimage climax

A suicide bomber killed 53 people in an apparent sectarian attack in southern Iraq Saturday casting a pall over the climax of a Shia pilgrimage that draws hundreds of thousands from around the world.
Published 15 Jan, 2012 12:00am
Around four percent growth likely: Hafeez, Waqar brief Gilani

Around four percent growth likely: Hafeez, Waqar brief Gilani

Finance Minister Dr Abdul Hafeez Sheikh and Finance Secretary Dr Waqar Masood called on Prime Minister Yousuf Raza Gilani on Saturday and briefed him on half-yearly promising performance of economy starting from July to December 2011. The Prime Minister s
Published 15 Jan, 2012 12:00am
Around four percent growth likely: Hafeez, Waqar brief Gilani

Around four percent growth likely: Hafeez, Waqar brief Gilani

Finance Minister Dr Abdul Hafeez Sheikh and Finance Secretary Dr Waqar Masood called on Prime Minister Yousuf Raza Gilani on Saturday and briefed him on half-yearly promising performance of economy starting from July to December 2011. The Prime Minister s
Published 15 Jan, 2012 12:00am
Around four percent growth likely: Hafeez, Waqar brief Gilani

Around four percent growth likely: Hafeez, Waqar brief Gilani

Finance Minister Dr Abdul Hafeez Sheikh and Finance Secretary Dr Waqar Masood called on Prime Minister Yousuf Raza Gilani on Saturday and briefed him on half-yearly promising performance of economy starting from July to December 2011. The Prime Minister s
Published 15 Jan, 2012 12:00am
Three suicide attackers killed in D I Khan

Three suicide attackers killed in D I Khan

Khyber Pakhtunkhwa Minister for Information Iftikhar Hussein said here on Saturday that two suicide bombers exploded themselves while the third one was gunned down by police. About eight to ten terrorists attempted to storm the office of the D I Khan Dist
Published 15 Jan, 2012 12:00am
Three suicide attackers killed in D I Khan

Three suicide attackers killed in D I Khan

Khyber Pakhtunkhwa Minister for Information Iftikhar Hussein said here on Saturday that two suicide bombers exploded themselves while the third one was gunned down by police. About eight to ten terrorists attempted to storm the office of the D I Khan Dist
Published 15 Jan, 2012 12:00am
China-India talks on border issues from today

China-India talks on border issues from today

Special representatives from China and India will meet to discuss border issues from January 15 to 17 in India, a Foreign Ministry spokesman said here on Saturday. Chinese State Councillor Dai Bingguo and Indian National Security Adviser Shiv Shankar Meno
Published 15 Jan, 2012 12:00am
China-India talks on border issues from today

China-India talks on border issues from today

Special representatives from China and India will meet to discuss border issues from January 15 to 17 in India, a Foreign Ministry spokesman said here on Saturday. Chinese State Councillor Dai Bingguo and Indian National Security Adviser Shiv Shankar Meno
Published 15 Jan, 2012 12:00am
Software industry: FBR classifies taxable, non-taxable transactions

Software industry: FBR classifies taxable, non-taxable transactions

The Federal Board of Revenue (FBR) has classified taxable and non-taxable transactions for software industry. Sales tax is not leviable on certain software industry transactions including downloading from internet; subscription charges, licence fee only f
Published 15 Jan, 2012 12:00am
Software industry: FBR classifies taxable, non-taxable transactions

Software industry: FBR classifies taxable, non-taxable transactions

The Federal Board of Revenue (FBR) has classified taxable and non-taxable transactions for software industry. Sales tax is not leviable on certain software industry transactions including downloading from internet; subscription charges, licence fee only f
Published 15 Jan, 2012 12:00am
Software industry: FBR classifies taxable, non-taxable transactions

Software industry: FBR classifies taxable, non-taxable transactions

The Federal Board of Revenue (FBR) has classified taxable and non-taxable transactions for software industry. Sales tax is not leviable on certain software industry transactions including downloading from internet; subscription charges, licence fee only f
Published 15 Jan, 2012 12:00am
Software industry: FBR classifies taxable, non-taxable transactions

Software industry: FBR classifies taxable, non-taxable transactions

The Federal Board of Revenue (FBR) has classified taxable and non-taxable transactions for software industry. Sales tax is not leviable on certain software industry transactions including downloading from internet; subscription charges, licence fee only f
Published 15 Jan, 2012 12:00am
MoF's inability to provide funds leads to massive power loadshedding

MoF's inability to provide funds leads to massive power loadshedding

The Finance Ministry's inability to arrange required funds for thermal generation has reportedly led to massive scheduled and unscheduled load shedding of 16-18 hours in rural areas and 6-8 hours in urban areas, sources in the Ministry of Water and Power
Published 15 Jan, 2012 12:00am
MoF's inability to provide funds leads to massive power loadshedding

MoF's inability to provide funds leads to massive power loadshedding

The Finance Ministry's inability to arrange required funds for thermal generation has reportedly led to massive scheduled and unscheduled load shedding of 16-18 hours in rural areas and 6-8 hours in urban areas, sources in the Ministry of Water and Power
Published 15 Jan, 2012 12:00am
MoF''s inability to provide funds leads to massive power loadshedding

MoF''s inability to provide funds leads to massive power loadshedding

The Finance Ministry''s inability to arrange required funds for thermal generation has reportedly led to massive scheduled and unscheduled load shedding of 16-18 hours in rural areas and 6-8 hours in urban areas, sources in the Ministry of Water and Power
Published 15 Jan, 2012 12:00am
Obama promises tax incentives for job creation

Obama promises tax incentives for job creation

US President Barack Obama promised Saturday new tax incentives for companies that create jobs in the United States - and punishment for those who export them overseas. In his weekly radio and Internet address, the president said that in the next few weeks
Published 15 Jan, 2012 12:00am
Obama promises tax incentives for job creation

Obama promises tax incentives for job creation

US President Barack Obama promised Saturday new tax incentives for companies that create jobs in the United States - and punishment for those who export them overseas. In his weekly radio and Internet address, the president said that in the next few weeks
Published 15 Jan, 2012 12:00am
Obama promises tax incentives for job creation

Obama promises tax incentives for job creation

US President Barack Obama promised Saturday new tax incentives for companies that create jobs in the United States - and punishment for those who export them overseas. In his weekly radio and Internet address, the president said that in the next few weeks
Published 15 Jan, 2012 12:00am
BofA told Fed it could sell branches in emergency

BofA told Fed it could sell branches in emergency

Bank of America Corp told Federal Reserve officials in June that it could shed branches in some parts of the country if it needed to raise capital in an emergency, a person familiar with the matter said. The proposal was part of a series of options provid
Published 15 Jan, 2012 12:00am
BofA told Fed it could sell branches in emergency

BofA told Fed it could sell branches in emergency

Bank of America Corp told Federal Reserve officials in June that it could shed branches in some parts of the country if it needed to raise capital in an emergency, a person familiar with the matter said. The proposal was part of a series of options provid
Published 15 Jan, 2012 12:00am
BofA told Fed it could sell branches in emergency

BofA told Fed it could sell branches in emergency

Bank of America Corp told Federal Reserve officials in June that it could shed branches in some parts of the country if it needed to raise capital in an emergency, a person familiar with the matter said. The proposal was part of a series of options provid
Published 15 Jan, 2012 12:00am
FBR may reduce minimum tax on poultry sector

FBR may reduce minimum tax on poultry sector

The Federal Board of Revenue (FBR) is likely to reduce minimum tax rate from 1 percent to 0.5 percent for poultry sector under Section 113 of the Income Tax Ordinance 2001. Sources told Business Recorder here on Saturday that the FBR is examining t
Published 15 Jan, 2012 12:00am
FBR may reduce minimum tax on poultry sector

FBR may reduce minimum tax on poultry sector

The Federal Board of Revenue (FBR) is likely to reduce minimum tax rate from 1 percent to 0.5 percent for poultry sector under Section 113 of the Income Tax Ordinance 2001. Sources told Business Recorder here on Saturday that the FBR is examining t
Published 15 Jan, 2012 12:00am
FBR may reduce minimum tax on poultry sector

FBR may reduce minimum tax on poultry sector

The Federal Board of Revenue (FBR) is likely to reduce minimum tax rate from 1 percent to 0.5 percent for poultry sector under Section 113 of the Income Tax Ordinance 2001. Sources told Business Recorder here on Saturday that the FBR is examining t
Published 15 Jan, 2012 12:00am
Former secretary Establishment Division released

Former secretary Establishment Division released

The Rawalpindi Accountability court here on Saturday released Ismail Qureshi, former secretary Establishment Division. Accountability Court Judge released Ismail Qureshi after he submitted an undertaking and surety bonds to the court. In his undertaking,
Published 15 Jan, 2012 12:00am
Former secretary Establishment Division released

Former secretary Establishment Division released

The Rawalpindi Accountability court here on Saturday released Ismail Qureshi, former secretary Establishment Division. Accountability Court Judge released Ismail Qureshi after he submitted an undertaking and surety bonds to the court. In his undertaking,
Published 15 Jan, 2012 12:00am
Iran sends rare letter to US over killed scientist

Iran sends rare letter to US over killed scientist

Iran said on Saturday it had evidence Washington was behind the latest killing of one of its nuclear scientists, state television reported, at a time when tensions over the country's nuclear program have escalated to their highest level ever. In the fifth
Published 15 Jan, 2012 12:00am
Iran sends rare letter to US over killed scientist

Iran sends rare letter to US over killed scientist

Iran said on Saturday it had evidence Washington was behind the latest killing of one of its nuclear scientists, state television reported, at a time when tensions over the country's nuclear program have escalated to their highest level ever. In the fifth
Published 15 Jan, 2012 12:00am
Auto sector needs a shot in the arm

Auto sector needs a shot in the arm

The automobile sector needs a shot in the arm to jack up cars to population ratio, which is incredibly low--12 cars per 1000 persons. The same stands at 200 cars per 1000 persons in Malaysia and 120 cars per 1000 persons in the whole world, according to o
Published 15 Jan, 2012 12:00am
Auto sector needs a shot in the arm

Auto sector needs a shot in the arm

The automobile sector needs a shot in the arm to jack up cars to population ratio, which is incredibly low--12 cars per 1000 persons. The same stands at 200 cars per 1000 persons in Malaysia and 120 cars per 1000 persons in the whole world, according to o
Published 15 Jan, 2012 12:00am
Auto sector needs a shot in the arm

Auto sector needs a shot in the arm

The automobile sector needs a shot in the arm to jack up cars to population ratio, which is incredibly low--12 cars per 1000 persons. The same stands at 200 cars per 1000 persons in Malaysia and 120 cars per 1000 persons in the whole world, according to o
Published 15 Jan, 2012 12:00am
CLCV major threat to Pakistan's cotton crop: SBP

CLCV major threat to Pakistan's cotton crop: SBP

Cotton Leaf Curl Virus (CLCV) is a major threat to Pakistan's cotton crop along with other sucking pests, as no cotton variety is available resistant against these diseases.
Published 15 Jan, 2012 12:00am
CLCV major threat to Pakistan's cotton crop: SBP

CLCV major threat to Pakistan's cotton crop: SBP

Cotton Leaf Curl Virus (CLCV) is a major threat to Pakistan's cotton crop along with other sucking pests, as no cotton variety is available resistant against these diseases.
Published 15 Jan, 2012 12:00am
CLCV major threat to Pakistan''s cotton crop: SBP

CLCV major threat to Pakistan''s cotton crop: SBP

Cotton Leaf Curl Virus (CLCV) is a major threat to Pakistan''s cotton crop along with other sucking pests, as no cotton variety is available resistant against these diseases.
Published 15 Jan, 2012 12:00am
PSO payables, receivables swell to Rs 393.5 billion

PSO payables, receivables swell to Rs 393.5 billion

The total of payables and receivables of Pakistan State Oil (PSO) has swelled to Rs 393.5 billion. Of this, Rs 203.2 billion are payables and Rs 190.3 billion are receivables. Official data available with Business Recorder shows that within a week
Published 15 Jan, 2012 12:00am
PSO payables, receivables swell to Rs 393.5 billion

PSO payables, receivables swell to Rs 393.5 billion

The total of payables and receivables of Pakistan State Oil (PSO) has swelled to Rs 393.5 billion. Of this, Rs 203.2 billion are payables and Rs 190.3 billion are receivables. Official data available with Business Recorder shows that within a week
Published 15 Jan, 2012 12:00am
PSO payables, receivables swell to Rs 393.5 billion

PSO payables, receivables swell to Rs 393.5 billion

The total of payables and receivables of Pakistan State Oil (PSO) has swelled to Rs 393.5 billion. Of this, Rs 203.2 billion are payables and Rs 190.3 billion are receivables. Official data available with Business Recorder shows that within a week
Published 15 Jan, 2012 12:00am
Prices of kitchen items show nominal decline

Prices of kitchen items show nominal decline

The prices of essential kitchen items showed a nominal decline during the week past as compared to the preceding week, a survey carried out by Business Recorder revealed on Saturday. Traders at Gunj Mandi in Rawalpindi (wholesale market) of staple
Published 15 Jan, 2012 12:00am
Prices of kitchen items show nominal decline

Prices of kitchen items show nominal decline

The prices of essential kitchen items showed a nominal decline during the week past as compared to the preceding week, a survey carried out by Business Recorder revealed on Saturday. Traders at Gunj Mandi in Rawalpindi (wholesale market) of staple
Published 15 Jan, 2012 12:00am
Prices of kitchen items show nominal decline

Prices of kitchen items show nominal decline

The prices of essential kitchen items showed a nominal decline during the week past as compared to the preceding week, a survey carried out by Business Recorder revealed on Saturday. Traders at Gunj Mandi in Rawalpindi (wholesale market) of staple
Published 15 Jan, 2012 12:00am
'Government is all set to revive housing finance companies'

'Government is all set to revive housing finance companies'

The government is all set to revive housing finance companies (HFCs) within the next 12 to 14 months, according to Kamran Shehzad, Deputy Governor, State Bank of Pakistan (SBP). These companies were de-activated in 2003-04. Speaking at a seminar on the 'R
Published 15 Jan, 2012 12:00am
'Government is all set to revive housing finance companies'

'Government is all set to revive housing finance companies'

The government is all set to revive housing finance companies (HFCs) within the next 12 to 14 months, according to Kamran Shehzad, Deputy Governor, State Bank of Pakistan (SBP). These companies were de-activated in 2003-04. Speaking at a seminar on the 'R
Published 15 Jan, 2012 12:00am
''Government is all set to revive housing finance companies''

''Government is all set to revive housing finance companies''

The government is all set to revive housing finance companies (HFCs) within the next 12 to 14 months, according to Kamran Shehzad, Deputy Governor, State Bank of Pakistan (SBP). These companies were de-activated in 2003-04. Speaking at a seminar on the ''
Published 15 Jan, 2012 12:00am
PCGA demands implementation of Prime Minister's commitment

PCGA demands implementation of Prime Minister's commitment

The Pakistan Cotton Ginners Association (PCGA) has demanded of the government to implement the commitment made by Prime Minister Yousaf Raza Gilani regarding procurement of cotton through Trading Corporation of Pakistan to save the growers, as well as gin
Published 15 Jan, 2012 12:00am
PCGA demands implementation of Prime Minister's commitment

PCGA demands implementation of Prime Minister's commitment

The Pakistan Cotton Ginners Association (PCGA) has demanded of the government to implement the commitment made by Prime Minister Yousaf Raza Gilani regarding procurement of cotton through Trading Corporation of Pakistan to save the growers, as well as gin
Published 15 Jan, 2012 12:00am
PCGA demands implementation of Prime Minister''s commitment

PCGA demands implementation of Prime Minister''s commitment

The Pakistan Cotton Ginners Association (PCGA) has demanded of the government to implement the commitment made by Prime Minister Yousaf Raza Gilani regarding procurement of cotton through Trading Corporation of Pakistan to save the growers, as well as gin
Published 15 Jan, 2012 12:00am
Fishermen worried about marine pollution

Fishermen worried about marine pollution

Fishermen are more worried now than before about the soaring marine pollution, which has brought about a mass migration of different edible species off the city's shorelines, and amongst them Indian Mackerel is a prominent one. "The level of dirt spilling
Published 15 Jan, 2012 12:00am
Results of M A external annual exams 2010

Results of M A external annual exams 2010

University of Karachi on Saturday announced the results of M.A external (previous) annual examination 2010. According to the result gazette available with Business Recorder total 383 candidates appeared in the exams, of them 176 declared pass. The
Published 15 Jan, 2012 12:00am
Heart patients facing hardships in CHK due to shortage of staff

Heart patients facing hardships in CHK due to shortage of staff

The patients, who are suffering from heart disease at the Civil Hospital Karachi (CHK) facing difficulties due to the shortage of paramedical staff in cardiology department. During a brief visit to the facility on Wednesday, Business Recorder learn
Published 15 Jan, 2012 12:00am
Public awareness seminar on psychiatry held

Public awareness seminar on psychiatry held

People suffering from any psychiatric disorder should not be looked down upon, as these problems were curable like other disease. This was stated by leading psychiatrists at a 'Public awareness seminar on Psychiatry' organised by Institute of Behavioural
Published 15 Jan, 2012 12:00am
Chehlum of Hazrat Imam Hussain (RA) today

Chehlum of Hazrat Imam Hussain (RA) today

Chehlum of Hazrat Imam Hussain (RA) and his 72 companions is being observed here Sunday (today) with due reverence like other parts of the country. Various groups of participants have finalised arrangements to bring out their processions from different pa
Published 15 Jan, 2012 12:00am
NTC chairman visits Indus Motor Company

NTC chairman visits Indus Motor Company

National Tariff Commission (NTC) Chairman Prince Abbas Khan visited Indus Motor Company (IMC) on Saturday. During the visit, he was given a detailed plant tour of manufacturing facilities wherein he closely examined the plant followed by IMC's management
Published 15 Jan, 2012 12:00am
ANP eyes clinching seven seats in Senate polls from Khyber Pakhtunkhwa

ANP eyes clinching seven seats in Senate polls from Khyber Pakhtunkhwa

The major political party in the coalition government of Khyber Pakhtunkhwa, Awami National Party (ANP) is eyeing the winning of seven seats in the elections for the Senate (upper house) of the parliament scheduled on March 2, 2012 while PPP is likely to
Published 15 Jan, 2012 12:00am
KCCI expresses concern over prevailing political unrest

KCCI expresses concern over prevailing political unrest

Leader of Businessmen Group and Former President Karachi Chamber of Commerce and Industry (KCCI), Siraj Kassam Teli has expressed concern over prevailing tension between politicians, institutions, army and judiciary and said that any clash is not in the i
Published 15 Jan, 2012 12:00am
Three killed in separate incidents

Three killed in separate incidents

At least three persons including a woman were killed in separate incidents at various parts of the metropolis on Saturday. According to police, a woman lost her life in mysterious circumstances at Sherpao Colony in the limits of Quaidabad police station.
Published 15 Jan, 2012 12:00am
MPA Mohsin Shah Bukhari dies

MPA Mohsin Shah Bukhari dies

Syed Mohsin Shah Bukhari, a member of Sindh Assembly, passed away at a local hospital on Friday after illness. He was about 58. The deceased was a PPP member of the Provincial Assembly from Tando Muhammad Khan. Provincial Ministers Pir Mazhar-ul-Haq, Muha
Published 15 Jan, 2012 12:00am
USC vigilance teams raid stores and warehouses

USC vigilance teams raid stores and warehouses

On assumption of responsibilities, Managing Director USC, Major General Malik Muhammad Farooq(Retd) had directed vigilance teams to get activated and raid various stores and warehouses so as to arrest the tendency of overcharging, unabated leakages and bl
Published 15 Jan, 2012 12:00am
Strengthening Pakistani rupee against US dollar stressed

Strengthening Pakistani rupee against US dollar stressed

Pakistan Hardware Merchants Association Chairman, Sardar Usman Ghani has urged the government to initiate immediate steps to strength Pak rupee value against dollar as six percent decline in last two months has jacked up prices of imported industrial raw
Published 15 Jan, 2012 12:00am
Partly cloudy weather forecast

Partly cloudy weather forecast

The Met office on Saturday forecast partly cloudy weather with chances of isolated rain/drizzle in the next 24 hours. "A low lies over west Balochistan and adjoining areas," it says, adding that rain/thunderstorm with snowfalls is likely to occur over the
Published 15 Jan, 2012 12:00am
Nadra registration centre inaugurated in SITE

Nadra registration centre inaugurated in SITE

More NADRA centers will facilitate masses to get their computerised identity cards close to their homes, said Roshan Ali Shaikh, Commissioner Karachi while inaugurating Nadra Executive Registration Centre at Plot No D-210 S.I.T.E Estate Avenue, near Simon
Published 15 Jan, 2012 12:00am
International Halal moot begins tomorrow

International Halal moot begins tomorrow

Punjab Agriculture and Meat Company (PAMCO) is organising a two-day international Halal Conference and Expo from Monday (tomorrow) in Lahore to promote the Halal industry in the province and introduce Pakistani products in the international market. Delega
Published 15 Jan, 2012 12:00am
Shura Hamdard calls to placate Balochs, sideline chieftains

Shura Hamdard calls to placate Balochs, sideline chieftains

Speakers at the meeting of Shura Hamdard Karachi chapter urged the government to placate the Balochs, who are with Pakistan, and sideline the Sardars, chieftains of Baloch tribes, who are the main hurdle in the progress of Baloch people and not to give mo
Published 15 Jan, 2012 12:00am
I have no formula to take government out of crisis: Aitzaz

I have no formula to take government out of crisis: Aitzaz

PPP leader Aitzaz Ahsan said on Saturday that he has "no formula to take the government out of crisis". Talking to media here, he also dispelled the impression of playing any role of" bridge" between the judiciary and the government. He said he was in Lah
Published 15 Jan, 2012 12:00am
Five outlaws arrested

Five outlaws arrested

Islamabad Police have arrested five persons from various areas of the city including two women thieves and recovered 10 wine bottles, two pistols and stolen items worth thousands of rupees from their possession, a police spokesman said on Saturday.
Published 15 Jan, 2012 12:00am
Applications invited for house job

Applications invited for house job

The Medical Superintendent, Liaquat University Hospital Hyderabad Jamshoro has invited applications from the medical graduates MBBS annual batch 2011 of Liaquat University of Medical & Health Sciences Jamshoro (LUMS) for house jobs on prescribed forms. Th
Published 15 Jan, 2012 12:00am
1st International Women Leaders Summit on January 25

1st International Women Leaders Summit on January 25

As part of WIB CON (Women in Business Conference Series) for professional women, an International Women Leaders Summit is being organised on 25th January, 2012 in Karachi. The conference speakers include Rokia Afzal Rehman, a former Minister from Banglade
Published 15 Jan, 2012 12:00am
Imran asks PML-N to quit assemblies for early polls

Imran asks PML-N to quit assemblies for early polls

Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan on Saturday called upon PML-N to quit both national and provincial assemblies "if it is really serious about holding early elections". Addressing a press conference after party's central executive committee
Published 15 Jan, 2012 12:00am
'Curbing Gur smuggling helps sugar production'

'Curbing Gur smuggling helps sugar production'

Production of bumper sugarcane crop and strict check on the smuggling of Gur to neighbouring Afghanistan helped boom crushing and production of sugar production in Peshawar Valley. Gur Ghanis have emerged as tough competitors of sugar mills in the best qu
Published 15 Jan, 2012 12:00am
Power generation crosses 9000 megawatts

Power generation crosses 9000 megawatts

Power generation has crossed 9,000MW against 6,000MW last week, enabling the power authorities to stop forced closures for majority of consumers in the country. Ejaz Rafique Qureshi, Director General Pakistan Electric Power Company (Pepco), told Busine
Published 15 Jan, 2012 12:00am
'Takaful emerging worldwide as a viable model'

'Takaful emerging worldwide as a viable model'

Takaful that is an Islamic mode of insurance is emerging worldwide as a very viable model and being used successfully as engine of growth in a number of Muslim countries. Pak-Qatar Takaful Chief Executive Officer, Pervaiz Ahmad stated this while speaking
Published 15 Jan, 2012 12:00am
SSDA's three-day ultimatum for payment of professional allowance

SSDA's three-day ultimatum for payment of professional allowance

The Social Security Doctors Association (SSDA) Punjab has given 3 days' ultimatum to the bureaucracy of social security department to give the health professional allowance to all the doctors of social security failing which protest demonstration will be
Published 15 Jan, 2012 12:00am
Strict security in Lahore

Strict security in Lahore

Strict security arrangements were seen on Saturday, in the provincial capital on 968th Urs of Hazrat Data Ganj Bakhsh Ali Hajveri (RA) and ahead of the Chehlum of Hazrat Imam Hussain (AS) on Sunday (Safar 20). All entry and exit points of the city were co
Published 15 Jan, 2012 12:00am
Secretary PRCS Punjab suspended

Secretary PRCS Punjab suspended

Chairman Pakistan Red Crescent Society (PRCS) Punjab Zahid Bashir on Saturday suspended secretary PRCS Punjab Brigadier Muhammad Saleem (R) and Manager Accounts and Finance Nowsheen Naeem. According to a press release issued here, the Chairman took the ac
Published 15 Jan, 2012 12:00am
AJA elections held

AJA elections held

Munawar Hassan (The News), Sibghatullah Chaudhry (Daily Pakistan) and Rana Fawwad (Dawn News) were elected unopposed as President, Vice-President and General Secretary respectively in annual elections of the Agriculture Journalists Association (AJA) for t
Published 15 Jan, 2012 12:00am
Exports to India: TDAP to form group to conduct in-depth study

Exports to India: TDAP to form group to conduct in-depth study

Trade Development Authority of Pakistan (TDAP) to constitute a group to conduct an in-depth study on Indian market to prepare a list of potential commodities and products that can be exported to India, and prepare a methodology to encash this opportunity.
Published 15 Jan, 2012 12:00am
Punjab cabinet approves three universities for women

Punjab cabinet approves three universities for women

The Punjab Cabinet on Saturday approved establishment of three universities for women in Bahawalpur, Sialkot and Faisalabad, and setting up of knowledge city at Rakh Dera Chahal. The Punjab Cabinet met here that was chaired by Punjab Chief Minister Muhamm
Published 15 Jan, 2012 12:00am
Sherpao demands early elections

Sherpao demands early elections

The chairman of his own faction of Pakistan People's Party (Sherpao), Aftab Ahmad Khan Sherpao has called for holding early elections to steer the country out of prevailing abnormal and messy situation. Speaking at the party provincial council meeting her
Published 15 Jan, 2012 12:00am
New youth policy: 'government to take all stakeholders on-board'

New youth policy: 'government to take all stakeholders on-board'

Tourism Corporation of Khyber Pakhtunkhwa has decided that it will take all stakeholders, including students, academia, members of civil society organisations, on-board to formulate new youth policy in the province. For the purpose, TCKP had announced a c
Published 15 Jan, 2012 12:00am
Why Musharraf should return?

Why Musharraf should return?

Ex-President and former Chief of Army Staff General Pervez Musharraf's return to Pakistan now appears to be a possibility; in fact, he seems to have exhausted all excuses of pressing engagements that earlier stood in his way back home. In not too uncertai
Published 15 Jan, 2012 12:00am
Anwar Ibrahim the game-changer

Anwar Ibrahim the game-changer

Charismatic opposition leader Anwar Ibrahim's acquittal in a frame-up case throws open the political future of Malaysia, uninterruptedly ruled by the Barisan Nasional coalition for almost half a century. So deep is the prevailing cynicism there, thanks to
Published 15 Jan, 2012 12:00am
Labour laws and agriculture workers

Labour laws and agriculture workers

Though agriculture is the single-largest contributor to Gross National Product and also the biggest sector for employment, the agriculture workers are badly exploited and oppressed class of the rural society. Powerful zamindars often treat them slaves and
Published 15 Jan, 2012 12:00am
Cotton matters

Cotton matters

Among all the natural and artificial fibres found in the world, cotton is perhaps the mostly human-friendly fibre which has been in its service since time immemorial and has the highest number of uses in all sectors of life such as personal, domestic comm
Published 15 Jan, 2012 12:00am
Spain's alternative economists challenge Europe's austerity

Spain's alternative economists challenge Europe's austerity

When Spain's "Indignant Ones" protest movement began eight months ago, it was widely seen as a young people's initiative, with no coherent ideas, which would soon die out. Yet while the movement is now less visible on the streets, it is increasingly rever
Published 15 Jan, 2012 12:00am
Personal accountability

Personal accountability

The slogans of accountability are becoming very popular. Innocent people in euphoria are thinking of a system where in every department would work in a way that all their problems would be solved. Let's not live in fools' paradise and make ourselves victi
Published 15 Jan, 2012 12:00am
Convention 'Vote for a Social Change' organised by AWAM and CHRE

Convention 'Vote for a Social Change' organised by AWAM and CHRE

A flourishing democracy established through free and fair polls can provide a sound basis for the progress and prosperity of any country, this was stressed by the speakers and participants of the people's convention titled 'Vote for a Social Change' organ
Published 15 Jan, 2012 12:00am
GSLC entry test

GSLC entry test

Principal, Government Sindh Law College has informed that the students of LL.B. Part-I, who have submitted their admission forms from reference no. 1 to 300 for the Session 2011-2012, shall appear in their entry test on January 23 2012 from 12.00 Noon to
Published 15 Jan, 2012 12:00am
Rain may continue in Lahore today

Rain may continue in Lahore today

The provincial metropolis on Saturday witnessed a second spell of winter rain, which is expected to continue during Sunday (today). According to the met office, the city received very low intensity rain at scattered places in the evening and in the next 2
Published 15 Jan, 2012 12:00am
Senior bar member Khawaja Sultan laid to rest

Senior bar member Khawaja Sultan laid to rest

A senior bar member Khawaja Sultan, 82, was laid to rest in Miani Sahib Graveyard here Saturday. He was father of former Advocate General Khawaja Haris. A large number of bar members and judges attended his funeral prayers.
Published 15 Jan, 2012 12:00am
Commodities end volatile week down on Europe worries

Commodities end volatile week down on Europe worries

Commodities slid on Friday, ending a volatile week where oil and grains initially surged on supply concerns and a weak dollar, before tumbling on the currency's rebound and renewed worries over Europe. Corn, wheat and soybean futures extended losses after
Published 15 Jan, 2012 12:00am
Indonesian crude palm oil production to increase

Indonesian crude palm oil production to increase

Crude palm oil (CPO) output in Indonesia, the world's largest producer of the edible oil, is expected to rise 14 percent to 25.7 million tonnes this year, the agriculture ministry said on Monday. Earlier on Monday, the ministry said in a statement 2011 cr
Published 15 Jan, 2012 12:00am
Thai government may buy rubber after farmers' price protest

Thai government may buy rubber after farmers' price protest

Thailand's government could buy up to 200,000 tonnes of unsmoked rubber to push the price up to 120 baht ($3.79) per kg after protests from farmers over low prices, government and farmers' officials said on Wednesday. Uthai Sonlaksap, an adviser to the Th
Published 15 Jan, 2012 12:00am
Rice prices up in India, fall in Thailand, Vietnam

Rice prices up in India, fall in Thailand, Vietnam

Robust demand and a stronger rupee boosted Indian rice prices in the week, but interest in Thai and Vietnamese rice remains weak and prices there have eased, traders said on Wednesday. "Indian rice prices have risen on the return of buying after New Year
Published 15 Jan, 2012 12:00am
Agriculture white paper to show China food security concerns

Agriculture white paper to show China food security concerns

China's annual white paper on agriculture will focus on technology to boost food output rather than the farm income or rural development issues of previous years, underlining the country's concerns about its ability to feed itself. The world's most populo
Published 15 Jan, 2012 12:00am
CWB sees smaller world wheat production

CWB sees smaller world wheat production

The world will grow slightly less wheat in the upcoming crop year, but Canada's production looks to rise modestly, the Canadian Wheat Board said on Friday in its first outlook of the year. Global wheat production will slip nearly 2 percent to 677 million
Published 15 Jan, 2012 12:00am
US gold falls one percent

US gold falls one percent

Gold fell 1 percent on Friday, after the dollar surged against the euro and fears about an imminent credit downgrade of euro zone countries prompted bullion investors to take profits on the recent rally. The metal fell along with US equities and other com
Published 15 Jan, 2012 12:00am
New York cotton ends barely lower

New York cotton ends barely lower

New York Cotton futures finished Friday with modest losses within their new higher range, with little news to move prices in either direction and most investors keen to maintain steady positions ahead of the long holiday weekend. US commodity and financia
Published 15 Jan, 2012 12:00am
Gold Corp sees gold price over $2,000 this year

Gold Corp sees gold price over $2,000 this year

US Gold Corp Chief Executive Rob McEwen said he expects global financial worries to push gold prices above $2,000 an ounce this year and even higher in the next few years. He also said major gold mining companies should increase dividends to attract inves
Published 15 Jan, 2012 12:00am
Hezbollah rejects call by UN's Ban to disarm

Hezbollah rejects call by UN's Ban to disarm

Hezbollah leader Sayyed Hassan Nasrallah dismissed on Saturday a United Nations call for his militant anti-Israel movement to disarm, saying it was determined to maintain a military capacity to defend Lebanon. "I affirm today, firmly, decisively and with
Published 15 Jan, 2012 12:00am
Power outage in Turkey affects millions

Power outage in Turkey affects millions

A Turkish state-run news agency says a power outage has left millions without electricity in Istanbul and five other cities. On Saturday, Istanbul - a city of more than 12 million - was left without heating or electricity for several hours, and its subway
Published 15 Jan, 2012 12:00am
Thousands clamour for jobs as Tunisia marks Ben Ali ouster

Thousands clamour for jobs as Tunisia marks Ben Ali ouster

Thousands of Tunisians Saturday turned out in central Tunis to demand jobs and dignity as the north African country marked a year to the day since its despot Zine El Abidine Ben Ali fled into exile. "Work, freedom and dignity", "Work is a right", and "We
Published 15 Jan, 2012 12:00am
Taiwan's president wins re-election

Taiwan's president wins re-election

Taiwan's incumbent president was re-elected on Saturday as official tallies showed he held a near-unassailable lead in the vote-count and the opposition conceded defeat. The result, which points to a continuation of the detente between Taiwan and China, s
Published 15 Jan, 2012 12:00am
Iranian ships approached US vessels in Gulf

Iranian ships approached US vessels in Gulf

Small Iranian military motorboats approached US vessels passing through the Strait of Hormuz twice last week but the Pentagon said the interactions were not seen as hostile, even at a moment of heightened tensions between the two countries. Video released
Published 15 Jan, 2012 12:00am
Three die as cruise ship runs aground in Italy

Three die as cruise ship runs aground in Italy

At least three people were killed and rescuers were searching for other victims after an Italian cruise ship carrying more than 4,000 people ran aground and keeled over in shallow waters. Dozens were injured and around 50 people remained unaccounted for a
Published 15 Jan, 2012 12:00am
Qatar emir suggests sending Arab troops to Syria

Qatar emir suggests sending Arab troops to Syria

Qatar has proposed sending Arab troops to halt the bloodshed in Syria, where violence has raged despite the presence of Arab League monitors sent to check if an Arab peace plan is working. Asked if he was in favour of Arab nations intervening in Syria, Qa
Published 15 Jan, 2012 12:00am
Scientist sentenced for selling chemical secrets to Chinese

Scientist sentenced for selling chemical secrets to Chinese

A former Dow Chemical Company scientist has been sentenced to five years in prison for selling trade secrets to Chinese companies, the US Justice Department announced Friday. Wen Chyu Liu, also known as David Liou, was convicted February 7, 2011 of steali
Published 15 Jan, 2012 12:00am
10 die in stampede at Indian shrine

10 die in stampede at Indian shrine

At least 10 people, including six women were crushed to death in the middle of the night when a stampede broke out at a religious shrine in central India, media reports said Saturday. The victims had gathered outside the Muslim shrine of Hussain Tekri in
Published 15 Jan, 2012 12:00am
Obama's team slams Romney's corporate past

Obama's team slams Romney's corporate past

Barack Obama's campaign has fired off a withering attack on Mitt Romney, branding the US president's likely election foe as a corporate raider who made money "hand over fist" by destroying jobs. The Obama campaign's intervention Friday whipped up a new st
Published 15 Jan, 2012 12:00am
Dav Whatmore arrives for talks with PCB

Dav Whatmore arrives for talks with PCB

Australian coach Dav Whatmore reached here on Saturday to have negotiations with the Pakistan Cricket Board (PCB) officials over taking up the head coach's assignment for Pakistan's cricket team. Dav Whatmore was received at the Lahore Airport by the offi
Published 15 Jan, 2012 12:00am
Swann leads calls for Panesar inclusion in test team

Swann leads calls for Panesar inclusion in test team

Graeme Swann would like to see Monty Panesar included in England's test team to play Pakistan next week after his fellow spinner dismantled a Pakistan Cricket Board XI in their final warm-up. Panesar, who played his last test match in July 2009, took 5-57
Published 15 Jan, 2012 12:00am
Former Yugoslavia coach Miljanic dies

Former Yugoslavia coach Miljanic dies

Former Yugoslavia and Real Madrid coach Miljan Miljanic, 81, has died in his native Serbia after a long battle with illness. "Real Madrid wishes to express its deepest condolences to his family," the nine-times European champions said on their website (ww
Published 15 Jan, 2012 12:00am
Barthel wins Hobart WTA title

Barthel wins Hobart WTA title

German qualifier Mona Barthel upset Belgian top seed Yanina Wickmayer to win the Hobart WTA International on Saturday. Barthel, 21, ranked 64, capped an outstanding week with a 6-1, 6-2 victory in one hour in the final. It was Barthel's eighth straight ma
Published 15 Jan, 2012 12:00am
Australia back in charge

Australia back in charge

Australia, fired by David Warner's 180 and another fine display from their pace attack, were closing on victory after reducing India to 88 for four in their second innings after two days of the third test on Saturday. India, who already trail 2-0 in the f
Published 15 Jan, 2012 12:00am
Textile Tigers beat Lahore White

Textile Tigers beat Lahore White

Textile Tigers beat Lahore White by 92 runs in 1ST Lahore Veteran Cricket Champion Trophy here at Ali Garh Cricket Ground on Saturday. Batting first, Textile Tigers scored 263/3 in 30 overs. Muhammad Riaz (100), Rizwan Nisar (65 not out), Romail Bashir (2
Published 15 Jan, 2012 12:00am
ICC considers T20 for Olympics

ICC considers T20 for Olympics

The strong emergence of the Twenty20 format has the ICC considering a bid to have cricket return to the Olympics after more than a century, ICC chief executive Haroon Lorgat said on Saturday. Cricket has been played only once at the Olympics, in 1900, alt
Published 15 Jan, 2012 12:00am
Tomic stuns Fish to take Kooyong Classic

Tomic stuns Fish to take Kooyong Classic

Bernard Tomic won his first senior title at the Kooyong Classic Saturday stunning world number eight Mardy Fish 6-4, 3-6, 7-5 in the final and earning a confidence boost ahead of the Australian Open. The 19-year-old Australian sensation, who is ranked 37
Published 15 Jan, 2012 12:00am
Scholes helps United go joint top; Chelsea win

Scholes helps United go joint top; Chelsea win

Evergreen Paul Scholes marked his return to Premier League duty with the first goal for Manchester United in a 3-0 home win against Bolton Wanderers as the champions moved level on points with leaders Manchester City on Saturday. Tottenham Hotspur squande
Published 15 Jan, 2012 12:00am
South Africa win again

South Africa win again

South Africa condemned Sri Lanka to their fifth successive One-day international defeat with what home captain AB de Villiers described as a "clinical" five-wicket win in the second One-dayer at Buffalo Park on Saturday. Despite an innings of 92 not out b
Published 15 Jan, 2012 12:00am
Warner says FIFA 'dishonest' over deals and can prove it

Warner says FIFA 'dishonest' over deals and can prove it

Ousted former FIFA vice-president Jack Warner said on Friday he had documented evidence to back his claim that he was gifted World Cup television rights in return for FIFA votes and accused the organisation of being "disingenuous and dishonest".
Published 15 Jan, 2012 12:00am
ECB cash glut pushes Euribor rates to 9-1/2 month lows

ECB cash glut pushes Euribor rates to 9-1/2 month lows

Key euro zone bank-to-bank lending rates fell to new 9-month lows on Friday, as the European Central Bank's recent injection of almost half a trillion euros of 3-year liquidity and expectations for further rate cuts continued to pull down rates. The ECB k
Published 15 Jan, 2012 12:00am
Central European markets fall on rating fear

Central European markets fall on rating fear

Central European assets fell on Friday as fears of an imminent credit rating downgrade for some euro zone states prompted sales of riskier emerging market assets, while comments from the International Monetary Fund (IMF) suggested tough bailout talks ahea
Published 15 Jan, 2012 12:00am
Canadian dollar falls on Europe downgrades

Canadian dollar falls on Europe downgrades

The Canadian dollar fell against its US counterpart on Friday as rating downgrades on several euro zone countries, including France and Italy, prompted worried investors to seek safety elsewhere. The Canadian currency slid, but far less than the euro, whi
Published 15 Jan, 2012 12:00am
African currencies outlook

African currencies outlook

The Ugandan shilling could come under pressure next week when business resumes after a strike by traders and shopkeepers in the capital Kampala ends. In Tanzania, the shilling is expected to remain stable, helped by inflows from foreigners who sold dollar
Published 15 Jan, 2012 12:00am
Euro tumbles versus dollar, yen on eurozone downgrade talk

Euro tumbles versus dollar, yen on eurozone downgrade talk

The euro on Friday dropped to its lowest against the US dollar in nearly 17 months and tumbled to an 11-year low versus the yen, pressured by talk of a downgrade in the credit ratings of several euro zone countries later in the session. A senior euro zone
Published 15 Jan, 2012 12:00am
Latam currencies slide

Latam currencies slide

Chile's peso weakened against the dollar for the first time in four sessions, leading a slide in Latin American currencies, after the country's central bank made a surprise cut in the benchmark interest rate. The peso weakened 0.28 percent to a bid price
Published 15 Jan, 2012 12:00am
Speculators euro shorts reach record high

Speculators euro shorts reach record high

Currency speculators increased their bets in favour of the US dollar in the latest week and boosted their short euro position to record levels, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's n
Published 15 Jan, 2012 12:00am
Sri Lankan rupee slips

Sri Lankan rupee slips

Sri Lanka's rupee closed on Friday flat at 113.89/90 to the dollar for a 37th straight session since a 3 percent devaluation effective November 21, with the central bank selling around $17 million to defend it, dealers said. Lanka's share market fell as r
Published 15 Jan, 2012 12:00am
Window may be opening for China to widen yuan band

Window may be opening for China to widen yuan band

China's policymakers might just have the wiggle room they need to deliver the more flexible currency they say they want. The trade surplus is narrowing and an influx of hot money is on the retreat as the economy slows, easing fears among Chinese policymak
Published 15 Jan, 2012 12:00am
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