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Archive - 2012-02-01
ISE-10 gains 7 points
Markets

ISE-10 gains 7 points

ISLAMABAD: The Islamabad Stock Exchange (ISE-10) on Wednesday witnessed a bullish trend as the index gained 7.66 points
Published 01 Feb, 2012 04:41pm
WTO approves EU duty waiver for Pakistan
Top News

WTO approves EU duty waiver for Pakistan

GENEVA : The World Trade Organization (WTO) has approved a European Union waiver on duties for 75 products from Pakista
Published 01 Feb, 2012 03:32pm
Aamer released from prison
Top News

Aamer released from prison

KARACHI: Cricketer Mohammad Amir was released who was in London jail over a spot-fixing scandal. According to a private
Published 01 Feb, 2012 03:31pm
Egypt football violence kills 73
Top News

Egypt football violence kills 73

CAIRO: At least 73 people were killed Wednesday in fan violence after a football match in the city of Port Said, the h
Published 01 Feb, 2012 03:30pm
Senate session adjourned
Pakistan

Senate session adjourned

ISLAMABAD: Chairman Senate Farooq H Naek on Wednesday adjourned the senate session to meet again on Thursday at 1600 hou
Published 01 Feb, 2012 02:43pm
CM Sindh reviews development schemes
Top News

CM Sindh reviews development schemes

KARACHI: Chief Minister Sindh Syed Qaim Ali Shah Wednesday presided over a meeting to review the progress on implementat
Published 01 Feb, 2012 02:34pm
Senate session starts
Pakistan

Senate session starts

ISLAMABAD : The 77th session of the Senate started here on Wednesday with recitation from the Holy Quran. Chairman
Published 01 Feb, 2012 01:38pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI : The KSE-100 index on Wednesday increased by 55.66 points and closed at 11,930.55 level due to local investors
Published 01 Feb, 2012 01:23pm
Gilani to discuss LNG import from Qatar
Top News

Gilani to discuss LNG import from Qatar

ISLAMABAD: Prime Minister Syed Yousuf Raza Gilani Wednesday said he would discuss the issue of import of Liquified Natur
Published 01 Feb, 2012 01:07pm
EU blocks Deutsche Boerse, NYSE tie-up
Top News

EU blocks Deutsche Boerse, NYSE tie-up

BRUSSELS: The European Commission said Wednesday it had "no alternative" but to veto a transatlantic tie-up of the Frank
Published 01 Feb, 2012 01:00pm
Iraq to host Arab summit on March 29
Top News

Iraq to host Arab summit on March 29

BAGHDAD: The Iraqi capital is to host the next regular Arab summit on March 29, the Arab League assistant secretary gene
Published 01 Feb, 2012 11:00am
Anthrax parcel sent to PM house: police
Top News

Anthrax parcel sent to PM house: police

ISLAMABAD: Police said Wednesday they were investigating how and why a parcel containing anthrax was sent to the Prime M
Published 01 Feb, 2012 10:30am
Facebook to raise $5bn in IPO: Reports
Top News

Facebook to raise $5bn in IPO: Reports

NEW YORK: Facebook will set a target of raising $5 billion in papers to be filed on Wednesday for an Initial Public Offe
Published 01 Feb, 2012 10:20am
RECORDER REPORT: mid day update
Top News

RECORDER REPORT: mid day update

KARACHI: On Wednesday, until 12:30 P.M., KSE-100 Index was at 11,985.57 with a positive change of 110.68 and volume was
Published 01 Feb, 2012 07:45am
Gold steady; US, Europe data eyed
Top News

Gold steady; US, Europe data eyed

SINGAPORE : Gold was steady on Wednesday after ending January with its biggest monthly rise since August, while investor
Published 01 Feb, 2012 07:19am
India's December exports up 6.7pc
Top News

India's December exports up 6.7pc

NEW DELHI: India's December exports rose an annual 6.7 percent to $25 billion, while imports for the month rose 19.8 per
Published 01 Feb, 2012 05:27am
Pakistan jet strike kills 20 Taliban
Top News

Pakistan jet strike kills 20 Taliban

PESHAWAR: Pakistani jets pounded militant hideouts in the northwestern tribal area early Wednesday, killing at least 20
Published 01 Feb, 2012 04:47am
Romney wins big in Florida
Top News

Romney wins big in Florida

TAMPA: Mitt Romney trounced main rival Newt Gingrich in Florida's primary on Tuesday, putting himself in a commanding po
Published 01 Feb, 2012 04:41am
Tokyo shares inch up by noon
Financial

Tokyo shares inch up by noon

TOKYO: Tokyo stocks ended the morning session in positive territory on Wednesday, supported by better-than-expected Chin
Published 01 Feb, 2012 04:40am
Wanted: Economic freedom
BR Research

Wanted: Economic freedom

Economists throughout the world believe that there is a strong relation between prosperity, liberty and economic freedom. The Heritage Found
Published 01 Feb, 2012 12:00am
100 countries back world environment agency: France

100 countries back world environment agency: France

More than a hundred countries now support a French proposal to create a "World Environment Organisation" at the upcoming 20th anniversary conference of the Rio Summit, France's ecology minister said on Tuesday. "More than 100 countries have now associated
Published 01 Feb, 2012 12:00am
Air raid on Qaeda in south Yemen kills 15

Air raid on Qaeda in south Yemen kills 15

Air raids in southern Yemen overnight blasted al Qaeda targets killing 15 people, including a long-hunted militant leader, tribal and military sources said on Tuesday, claiming the United States was behind the raids. Four Monday night raids on an al Qaeda
Published 01 Feb, 2012 12:00am
Syrian forces retake Damascus suburbs; showdown at UN

Syrian forces retake Damascus suburbs; showdown at UN

Syrian government forces reasserted control of Damascus suburbs on Tuesday after beating back rebels at the capital's gates, ahead of a push at the United Nations for a resolution calling for President Bashar al-Assad to give up powers. Western and Arab d
Published 01 Feb, 2012 12:00am
Over 100 killed

Over 100 killed

More than 100 people were killed in two days of violence in Syria, mostly in the flashpoint Homs region, including 55 civilians, the Syrian Observatory for Human Rights said on Tuesday. Monday's violence, which claimed 96 lives according to the Observator
Published 01 Feb, 2012 12:00am
Global 'great power politics' returns to Middle East

Global 'great power politics' returns to Middle East

With Russia sending warships to discourage foreign intervention in Syria, and China drawn more deeply into Iran's confrontation with the West, "great power" politics is swiftly returning to the Middle East. After Russia pulled back from the region at the
Published 01 Feb, 2012 12:00am
Russia blames 'cosmic rays' for Mars probe failure

Russia blames 'cosmic rays' for Mars probe failure

Russia on Tuesday blamed a computer malfunction caused by the impact of cosmic rays for the failure of its Phobos-Grunt mission to Mars, one of a litany of setbacks for its embattled space programme. Announcing the initial results of the investigation int
Published 01 Feb, 2012 12:00am
French senators block Armenia genocide law

French senators block Armenia genocide law

A group of French senators said Tuesday they had asked the constitutional council to examine a new law that punishes denial of the Armenian genocide, effectively suspending the legislation. Turkey reacted furiously last week when the Senate approved the l
Published 01 Feb, 2012 12:00am
Pakistan beat England through hard work: Rehman

Pakistan beat England through hard work: Rehman

Left-arm spinner Abdul Rehman Tuesday refused to accept Pakistan's success over world number one England was a big surprise, saying the team achieved the 2-0 lead through sheer hard work. Rehman starred in his team's 72-run win in the second Test in Abu D
Published 01 Feb, 2012 12:00am
First Twenty20 begins: Dhoni would pave way for 'better' captain

First Twenty20 begins: Dhoni would pave way for 'better' captain

Mahendra Singh Dhoni would readily step aside as India captain if there was a suitable replacement available, the under-fire skipper said on Tuesday. "It's not something I want to hold on to or stick on to. If there's a better replacement, it's a very ope
Published 01 Feb, 2012 12:00am
Turkish federation chiefs resign amid match-fixing crisis

Turkish federation chiefs resign amid match-fixing crisis

The chairman of the Turkish Football Federation resigned on Tuesday along with his two deputies, further deepening the crisis in Turkish football over a match-fixing investigation on which UEFA urgently wants the federation to act. The federation (TFF) sa
Published 01 Feb, 2012 12:00am
Warne facing legal action from cyclist

Warne facing legal action from cyclist

Shane Warne was facing legal action Tuesday after a cyclist involved in a road rage incident with the Australian cricket great said he plans to sue for damages to his bike. Web designer Mathew Hollingsworth, 28, is launching a civil claim in the Melbourne
Published 01 Feb, 2012 12:00am
Under-19 cricket team returns from South Africa

Under-19 cricket team returns from South Africa

National under-19 cricket team has returned home after the tour of South Africa where the team participated in three-nation tournament and finished as runners up. The officials of Pakistan Cricket Board received the players at Allama Iqbal International A
Published 01 Feb, 2012 12:00am
Zimbabwe players in Asia match-fixing suspended

Zimbabwe players in Asia match-fixing suspended

Zimbabwe football authorities have suspended from the national team some players implicated in a 2009 match-fixing scam in Asia, an official said Tuesday. Former Zimbabwe Football Association (ZIFA) chief executive Henrietta Rushwaya sent the national tea
Published 01 Feb, 2012 12:00am
Sudan win first match of African Cup in 42 years

Sudan win first match of African Cup in 42 years

Sudan won their first match at the African Nations Cup for 42 years on Monday with a 2-1 victory over Burkina Faso which took them to the quarter-finals helped by Angola's blundering defence. Needing a draw to qualify on a dramatic evening, Angola lost 2-
Published 01 Feb, 2012 12:00am
Swiss franc flat versus euro

Swiss franc flat versus euro

The Swiss franc was trading within sight of the previous day's four-month peak against the euro, the strongest since the Swiss National Bank set a cap of 1.20 per euro. The SNB capped the franc on September 6 at 1.20 as investors anxious about the euro zo
Published 01 Feb, 2012 12:00am
Sterling rises

Sterling rises

Sterling hit a two-and-a-half-month high against the dollar on Tuesday, boosted by month-end rebalancing requirements and slightly better risk appetite, with the pound also able to gain against the euro. But analysts warned the likelihood of more UK monet
Published 01 Feb, 2012 12:00am
Australian and New Zealand dollars up

Australian and New Zealand dollars up

The Australian and New Zealand dollars were on track on Tuesday to post hefty gains this month, displaying remarkable resilience even as Greek debt talks dragged on and worries grew that Portugal could need more aid. The Aussie marched higher, buoyed by a
Published 01 Feb, 2012 12:00am
Indian rupee posts best month in 17 years

Indian rupee posts best month in 17 years

The Indian rupee logged its best monthly gains in more than 17 years in January aided by a rebound in foreign fund inflows as investors bet on a monetary easing to accelerate growth in Asia's third-largest economy. "Renewed capital inflows aided by peak i
Published 01 Feb, 2012 12:00am
Yuan in biggest single-day rise in a month

Yuan in biggest single-day rise in a month

The yuan closed up against the dollar on Tuesday, scoring its biggest single-day rise in one month, amid market hopes that it would stage another leg of modest appreciation ahead of a visit to the United States by Chinese leader-in-waiting Xi Jinping in m
Published 01 Feb, 2012 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 84.39-84.45 (previous 84.40-84.48). Call Money Rates: 10.00-20.00 percent (previous 09.00-20.00 percent).
Published 01 Feb, 2012 12:00am
Euro surrenders six-week high in New York

Euro surrenders six-week high in New York

Greece's unresolved debt restructuring knocked the euro from a six-week high against the US dollar and drove it to a 4-1/2-month low against the safe-haven Swiss franc on Monday. The euro did cut some of the earlier losses after European Union leaders rea
Published 01 Feb, 2012 12:00am
Early trade n New York: Euro falls, yen climbs

Early trade n New York: Euro falls, yen climbs

The euro surrendered all gains and traded lower against the dollar on Tuesday as expectations evaporated that a Greek debt restructuring deal could be close, while a resurgent yen raised concern Japanese authorities could intervene to weaken it. The dolla
Published 01 Feb, 2012 12:00am
Euro rises in London

Euro rises in London

The euro rose against the dollar on Tuesday, supported by expectations a Greek debt restructuring deal could be clinched soon, while a resurgent yen raised concern Japanese authorities could intervene The dollar hit a three-month low against the yen, unde
Published 01 Feb, 2012 12:00am
Dollar falls versus yen in Asia

Dollar falls versus yen in Asia

The euro rose on Tuesday, supported by hopes for a Greek debt restructuring deal that would help the country avoid a disorderly default, possibly setting itself up for a test of a key chart level. The dollar extended its recent losses versus the yen and h
Published 01 Feb, 2012 12:00am
Asian currencies up in January

Asian currencies up in January

The Indian rupee was headed for its best monthly performance in more than 17 years, leading the gains that most Asian peers had in January, boosted by inflows into the region's stock and bond markets. Some dealers and analysts expect more funds to come in
Published 01 Feb, 2012 12:00am
FTSE scores best month since October, buoyed by oil

FTSE scores best month since October, buoyed by oil

Britain's top share index got a boost from strong corporate results, higher oil prices and improved risk appetite on Tuesday, enabling it to post its best performance in three months in January. After a gloomy 2011 - when the FTSE-100 lost 5.6 percent - t
Published 01 Feb, 2012 12:00am
European shares rise

European shares rise

European share prices rose on Tuesday on renewed hopes for a Greek debt deal and after euro zone leaders agreed to a German-led deal on stricter budget controls. While gains were capped by weaker than expected US economic data, on the positive side a seni
Published 01 Feb, 2012 12:00am
Seoul stocks up seven percent in January

Seoul stocks up seven percent in January

Seoul shares rose on Tuesday after a rocky trading session, with resistance-triggered selloffs weighing on momentum near the 1,950 mark, but the main bourse closed out January with a 7 percent gain. The Korea Composite Stock Price Index (KOSPI) closed 0.7
Published 01 Feb, 2012 12:00am
Australian shares slip

Australian shares slip

Australian shares nudged into negative territory on Tuesday, with losses in financials and materials overshadowing early gains from top supermarket operator Woolworths after it announced plans to sell its struggling electronics chain. "Modest gains have f
Published 01 Feb, 2012 12:00am
Hong Kong shares achieve best January in 16 years

Hong Kong shares achieve best January in 16 years

Hong Kong shares rose on Tuesday with the Hang Seng Index streaking to its best January since 1996, but further upside is expected to be capped going into earnings season after several profit warnings from mainland companies. Mainland Chinese markets were
Published 01 Feb, 2012 12:00am
Treasuries rally

Treasuries rally

US Treasuries prices rallied on Monday as fears that Portugal could follow Greece into a difficult debt restructuring caused investors to rush to the perceived safety of US government debt. Yields paid on benchmark 10-year Treasuries fell to their lowest
Published 01 Feb, 2012 12:00am
Treasuries rally

Treasuries rally

US Treasuries prices rallied on Monday as fears that Portugal could follow Greece into a difficult debt restructuring caused investors to rush to the perceived safety of US government debt. Yields paid on benchmark 10-year Treasuries fell to their lowest
Published 01 Feb, 2012 12:00am
Taiwan stocks end higher

Taiwan stocks end higher

Taiwan stocks rose 1.48 percent on Tuesday, with banking counters the biggest gainers, up 3.8 percent on optimism over closer ties in the sector with China. The main TAIEX index rose 109.67 points to 7,517.08, after opening up 0.39 percent. The Commercial
Published 01 Feb, 2012 12:00am
Southeast Asian stocks post small gains in a strong month

Southeast Asian stocks post small gains in a strong month

Most Southeast Asian stock markets squeezed out small gains on Tuesday as investors selectively sought blue chip firms in a reporting season, while concerns about Europe's sovereign debt problems remained in overriding focus. "The Fed's view on low rates
Published 01 Feb, 2012 12:00am
US stocks down

US stocks down

US stocks edged lower on Monday on stalled Greek debt talks, but an afternoon rally cut losses in a sign of the underlying resilience the market has shown early in the year. Major indexes had fallen more than 1 percent as negotiations between the Greek go
Published 01 Feb, 2012 12:00am
Tuesday's midday trade: Wall Street sags

Tuesday's midday trade: Wall Street sags

US stocks fell on Tuesday as optimism over a possible deal by Greece in its debt wrangling dissipated after a batch of weaker-than-expected economic reports. But data showing home prices fell more than expected in December, business activity in the Midwes
Published 01 Feb, 2012 12:00am
Nikkei posts best January performance in 13 years

Nikkei posts best January performance in 13 years

Japan's Nikkei share average ended nearly flat on Tuesday, but logged its best January performance in 13 years as investors remained optimistic that the US economic recovery could offset disappointing domestic corporate earnings. It gained 4.1 percent in
Published 01 Feb, 2012 12:00am
Indian shares post best January rise in 18 years

Indian shares post best January rise in 18 years

Indian shares posted their best January rise since 1994, after gaining about 2 percent on Tuesday, as foreign fund inflows showed signs of a revival and investors bet on a monetary easing to rekindle growth in Asia's third-largest economy.
Published 01 Feb, 2012 12:00am
Abu Dhabi lender FGB surges; most Gulf stocks gain

Abu Dhabi lender FGB surges; most Gulf stocks gain

Abu Dhabi's First Gulf Bank surged to a six-month high on Tuesday after its earnings beat forecasts, helping the emirate's index extend a two-week rising trend, and most Gulf Arab markets extended gains. FGB's shares jumped 9.9 percent to their highest fi
Published 01 Feb, 2012 12:00am
Banks set to double borrowing from ECB

Banks set to double borrowing from ECB

European banks plan to borrow at least twice as much money from the European Central Bank next month as they did in December, the Financial Times reported Tuesday, which would bring the sum to around one trillion euros ($1.32 trillion). "Several of the eu
Published 01 Feb, 2012 12:00am
Taiwan to open trade offices in China

Taiwan to open trade offices in China

Taiwan plans to open up semi-official trade offices in six cities in China in the next two months, which authorities said Tuesday was a sign of closer economic links with the mainland. The offices, to be established in major cities including Beijing and S
Published 01 Feb, 2012 12:00am
China rare earths safe from WTO ruling on export curbs

China rare earths safe from WTO ruling on export curbs

A World Trade Organisation ruling against China's restrictions on raw material exports could force changes to some of its rare earth policies but is unlikely to yield the boost in exports of the metals that consumers want to see. A WTO panel on Monday sai
Published 01 Feb, 2012 12:00am
Euro crisis to top agenda of Merkel's visit to China

Euro crisis to top agenda of Merkel's visit to China

The eurozone debt crisis, Iran and Syria will be among the topics up for discussion when German Chancellor Angela Merkel makes a two-day trip to China this week, government sources said Tuesday. In her fifth visit to the world's number two economy, accomp
Published 01 Feb, 2012 12:00am
Greece must pledge tough reforms for debt swap deal

Greece must pledge tough reforms for debt swap deal

Greece must make "difficult" decisions in the coming days to clinch a debt swap agreement and a 130 billion euro bailout package needed to avoid an unruly default, the government said on Tuesday. Near-bankrupt Greece is struggling to convince sceptical le
Published 01 Feb, 2012 12:00am
Record drop in UK consumer credit, money supply

Record drop in UK consumer credit, money supply

Credit card and other unsecured lending to British consumers posted its sharpest drop in nearly two decades in December, supporting expectations that the Bank of England will soon inject more cash into the economy to prevent a deep recession. A steep decl
Published 01 Feb, 2012 12:00am
Warm winter adds to retailers' post-holiday blues

Warm winter adds to retailers' post-holiday blues

Unseasonably warm weather across the United States forced many retailers to offer deeper-than-usual discounts to clear out coats, sweaters and boots in January, pointing to tepid sales in the typically slow post-holiday month. Analysts expect US retailers
Published 01 Feb, 2012 12:00am
US home prices drop, consumers turn gloomy

US home prices drop, consumers turn gloomy

US home prices fell more steeply than expected in November, and consumer confidence soured in January, highlighting the hurdles still facing the economic recovery. The S&P/Case-Shiller composite index of single-family home prices in 20 metropolitan areas
Published 01 Feb, 2012 12:00am
Eurozone ill-suited for long-term economic task

Eurozone ill-suited for long-term economic task

The fiscal treaty euro zone leaders finally agreed on this week adds a solemn touch to their oft-repeated promises that the days of financial insouciance are over. But most of the treaty's content had already been passed in EU legislation in October, and
Published 01 Feb, 2012 12:00am
Antritrust probe against Samsung

Antritrust probe against Samsung

European regulators opened on Tuesday an antritrust probe against Samsung Electronics to determine whether the South Korean group has distorted competition in European mobile device markets. The European Commission said it will investigate whether the gro
Published 01 Feb, 2012 12:00am
Saudi Arabia nominates candidate to top Opec post

Saudi Arabia nominates candidate to top Opec post

Top oil exporter Saudi Arabia has nominated a candidate for Opec's next secretary general, a Gulf Opec delegate familiar with the matter said, in a move that may reignite a quarrel over influence in Opec between Gulf Arab nations and Iran.
Published 01 Feb, 2012 12:00am
Spain subsidy cuts seen threatening thousands of jobs

Spain subsidy cuts seen threatening thousands of jobs

Spain's decision to cut subsidies for clean energy production puts at risk the creation of hundreds of thousands of jobs in a sector in which it is a global leader, industry leaders warned Tuesday. The sector shed 20,000 jobs between 2008 and 2010 due to
Published 01 Feb, 2012 12:00am
UPS profit tops Street view, sees 2012 growth

UPS profit tops Street view, sees 2012 growth

United Parcel Service posted a better-than-expected quarterly profit on Tuesday and forecast 9 percent to 15 percent growth this year as solid US demand and growing e-commerce activity offsets an uneven global economy. UPS reported its fourth-quarter prof
Published 01 Feb, 2012 12:00am
Thyssen to sell stainless steel unit in $3.5 billion deal

Thyssen to sell stainless steel unit in $3.5 billion deal

Thyssen-Krupp will go ahead with the sale of its stainless steel business to Finland's Outokumpu after clearing the 2.7-billion-euro ($3.5 billion) deal with its powerful trade unions. Germany's largest steelmaker said on Tuesday it will hold a 29.9 perce
Published 01 Feb, 2012 12:00am
Ghana economic growth to slow to 8.1 percent

Ghana economic growth to slow to 8.1 percent

Ghana's economy will outpace its Nigerian and Kenyan peers this year and next, even though growth is expected to slow from 2011 when the country's first oil fuelled a boom in output, a Reuters poll showed on Tuesday. The West African nation, already a lar
Published 01 Feb, 2012 12:00am
French minister hints Greek debt cut target may be relaxed

French minister hints Greek debt cut target may be relaxed

A deal with private creditors that should be concluded by the end of this week will reduce Greece's debt to 120 or 125 percent of gross domestic product, French Finance Minister Francois Baroin said Tuesday. The European Union and International Monetary F
Published 01 Feb, 2012 12:00am
Seed prices fluctuate modestly on grain market

Seed prices fluctuate modestly on grain market

Seed items showed modest changes on the wholesale grain market on Tuesday in process of trading, dealers said. On the seed side rapeseed Nawabshah dropped Rs 50 to Rs 2450-2475, Mirpurlane lost Rs 150 to Rs 2400-2425 and rapeseed cake low type gained Rs 6
Published 01 Feb, 2012 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Bids for hard red winter wheat in the US Plains were steady on Tuesday in a lacklustre market. Protein premiums fell 2 to 5 cents for mid-protein levels and rose 5 cents for 13.40- and 13.60-percent protein wheat supplies. Unusually warm, dry and windy Ja
Published 01 Feb, 2012 12:00am
Spot rate lowered to Rs 5,700 amid modest business on cotton market

Spot rate lowered to Rs 5,700 amid modest business on cotton market

Spot rate was slashed on the cotton market on Tuesday amid modest trading, dealers said. The official spot rate was lowered by Rs 100 to Rs 5,700, they said. Prices of seedcotton in Sindh were at Rs 1800-2450 and in the Punjab at Rs 2000-2750, they said.
Published 01 Feb, 2012 12:00am
Oil cake market rates

Oil cake market rates

Mixed pattern was seen on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The March vaida that had closed at 772.80 opened with a decline of 30 paisa at Rs 772.50. The May vaida which closed at Rs 700.00 commenced at
Published 01 Feb, 2012 12:00am
Weather hits grain exports from Ukraine

Weather hits grain exports from Ukraine

Severe frosts across most Ukrainian regions have dramatically slowed the pace of grain exports from the country's Black Sea ports, traders said on Monday. Frosts at about minus 20 degrees Celsius (minus 4 Fahrenheit) make it impossible to load grain onto
Published 01 Feb, 2012 12:00am
Asia's naphtha price falls from six-month high

Asia's naphtha price falls from six-month high

Asia's naphtha price fell from a near six-month high on Tuesday to a two-session low but physical timespreads stayed near a nine-month high as supply tightness persisted. Kuwait Petroleum Corp (KPC) will start naphtha term talks next week with Asian buyer
Published 01 Feb, 2012 12:00am
Oil World cuts Argentine, Brazil soyabean forecasts

Oil World cuts Argentine, Brazil soyabean forecasts

Oilseeds analyst Oil World has cut its forecast of 2012 soyabean crops in Argentina and Brazil by a combined 4.0 million tonnes following drought in the two countries, it said on Tuesday. Hamburg-based Oil World said it has cut its forecast of Argentina's
Published 01 Feb, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 83,903 tonnes of cargo comprising 45,919 tonnes of import cargo and 37,984 tonnes of export cargo including 5,129 loaded & empty containers during last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 45,919 tonn
Published 01 Feb, 2012 12:00am
Vietnam's coffee trading resumes at a slow pace

Vietnam's coffee trading resumes at a slow pace

Coffee trading in Vietnam resumed at a slow pace after a break for the Tet new year festival, as weaker international markets prompted sellers to hold back supplies of beans in the expectation of higher prices later, traders said on Tuesday. Farmers sold
Published 01 Feb, 2012 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell to a nearly two-week low on Monday, pressured by rains in South America that looked to improve soyabean prospects. Canola's losses were more modest than declines for soyabeans, soyaoil and soyameal. Seen underpinned by Chi
Published 01 Feb, 2012 12:00am
Soyabean export premiums firm at US Gulf Coast

Soyabean export premiums firm at US Gulf Coast

Soyabean export premiums at the US Gulf Coast were steady to firm on Monday, supported by tight nearby supplies and renewed buying interest from China, traders said. Chinese importers, back from a week-long Lunar New Year holiday, appear to have booked at
Published 01 Feb, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day.

Published 01 Feb, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day.

Published 01 Feb, 2012 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

The Exchange Rates Committee of State Bank of Pakistan issued the following exchange rates bulletin here on Tuesday (January 31, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover f
Published 01 Feb, 2012 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 01 Feb, 2012 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (January 31, 2012).

Published 01 Feb, 2012 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (January 31, 2012).

Published 01 Feb, 2012 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (January 31, 2012).

Published 01 Feb, 2012 12:00am
Obama confirms US drone strikes

Obama confirms US drone strikes

President Barack Obama has confirmed for the first time that US drones have targeted Taliban and al Qaeda militants on Pakistani soil, a programme that has escalated under his administration. The government in Islamabad, whose relations with Washington sa
Published 01 Feb, 2012 12:00am
Obama confirms US drone strikes

Obama confirms US drone strikes

President Barack Obama has confirmed for the first time that US drones have targeted Taliban and al Qaeda militants on Pakistani soil, a programme that has escalated under his administration. The government in Islamabad, whose relations with Washington sa
Published 01 Feb, 2012 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (January 31, 2012).

Published 01 Feb, 2012 12:00am
Romney leads as Florida votes in high-stakes primary

Romney leads as Florida votes in high-stakes primary

Former Massachusetts governor Mitt Romney held a comfortable double-digit lead in polls over struggling rival Newt Gingrich as Florida's Republican voters cast ballots on Tuesday in a pivotal presidential primary election. Florida is by far the largest st
Published 01 Feb, 2012 12:00am
Romney leads as Florida votes in high-stakes primary

Romney leads as Florida votes in high-stakes primary

Former Massachusetts governor Mitt Romney held a comfortable double-digit lead in polls over struggling rival Newt Gingrich as Florida's Republican voters cast ballots on Tuesday in a pivotal presidential primary election. Florida is by far the largest st
Published 01 Feb, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (January 31, 2012).
Published 01 Feb, 2012 12:00am
Prices raised significantly

Prices raised significantly

The prices of petroleum products on Tuesday were increased in the range of Rs 2.78 to 6.29 per litre. According to a notification issued here, the government while ignoring the recommendations of the Oil and Gas Regulatory Authority has increased HOBC pri
Published 01 Feb, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (January 31, 2012).

Published 01 Feb, 2012 12:00am
Prices raised significantly

Prices raised significantly

The prices of petroleum products on Tuesday were increased in the range of Rs 2.78 to 6.29 per litre. According to a notification issued here, the government while ignoring the recommendations of the Oil and Gas Regulatory Authority has increased HOBC pri
Published 01 Feb, 2012 12:00am
Prices raised significantly

Prices raised significantly

The prices of petroleum products on Tuesday were increased in the range of Rs 2.78 to 6.29 per litre. According to a notification issued here, the government while ignoring the recommendations of the Oil and Gas Regulatory Authority has increased HOBC pri
Published 01 Feb, 2012 12:00am
10 percent surcharge on CNG from today

10 percent surcharge on CNG from today

The petroleum ministry has imposed a 10 percent surcharge on Compressed Natural Gas (CNG) prices, effective February 1. It said the government is planning to bring CNG prices at par with the petrol and in this connection it is taking necessary steps that
Published 01 Feb, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (January 31, 2012).

Published 01 Feb, 2012 12:00am
10 percent surcharge on CNG from today

10 percent surcharge on CNG from today

The petroleum ministry has imposed a 10 percent surcharge on Compressed Natural Gas (CNG) prices, effective February 1. It said the government is planning to bring CNG prices at par with the petrol and in this connection it is taking necessary steps that
Published 01 Feb, 2012 12:00am
10 percent surcharge on CNG from today

10 percent surcharge on CNG from today

The petroleum ministry has imposed a 10 percent surcharge on Compressed Natural Gas (CNG) prices, effective February 1. It said the government is planning to bring CNG prices at par with the petrol and in this connection it is taking necessary steps that
Published 01 Feb, 2012 12:00am
Rs 15 per kg rise in LPG price from Friday

Rs 15 per kg rise in LPG price from Friday

Effective from February 3, the prices liquefied petroleum gas (LPG) have been increased by around Rs 15 per kg, ie for domestic cylinder (of 11.8 kg) by Rs 170, and commercial cylinder by Rs 681. According to LPG marketing companies, for February, Saudi A
Published 01 Feb, 2012 12:00am
Rs 15 per kg rise in LPG price from Friday

Rs 15 per kg rise in LPG price from Friday

Effective from February 3, the prices liquefied petroleum gas (LPG) have been increased by around Rs 15 per kg, ie for domestic cylinder (of 11.8 kg) by Rs 170, and commercial cylinder by Rs 681. According to LPG marketing companies, for February, Saudi A
Published 01 Feb, 2012 12:00am
Rs 15 per kg rise in LPG price from Friday

Rs 15 per kg rise in LPG price from Friday

Effective from February 3, the prices liquefied petroleum gas (LPG) have been increased by around Rs 15 per kg, ie for domestic cylinder (of 11.8 kg) by Rs 170, and commercial cylinder by Rs 681. According to LPG marketing companies, for February, Saudi A
Published 01 Feb, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Tuesday (January 31, 2012).

Published 01 Feb, 2012 12:00am
Haqqani leaves for US

Haqqani leaves for US

Former Pakistan Ambassador to the US and the main character in memogate scandal Hussain Haqqani left for the US through a connecting flight from Islamabad airport on early Tuesday. Haqqani reached Benazir International airport early in the morning with hi
Published 01 Feb, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Tuesday (January 31, 2012).

Published 01 Feb, 2012 12:00am
Haqqani leaves for US

Haqqani leaves for US

Former Pakistan Ambassador to the US and the main character in memogate scandal Hussain Haqqani left for the US through a connecting flight from Islamabad airport on early Tuesday. Haqqani reached Benazir International airport early in the morning with hi
Published 01 Feb, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Tuesday (January 31, 2012).

Published 01 Feb, 2012 12:00am
India's Supreme Court warns corruption a 'grave danger'

India's Supreme Court warns corruption a 'grave danger'

India's Supreme Court warned on Tuesday that corruption posed a "grave danger" to the world's largest democracy, which has been rocked by a series of high-profile graft scandals. Prime Minister Manmohan Singh's Congress-led administration has taken a batt
Published 01 Feb, 2012 12:00am
JLI YAQEEN GROWTH FUND RATES

JLI YAQEEN GROWTH FUND RATES

Jubilee Life Insurance Yaqeen Growth Fund Rates on Tuesday (January 31, 2012).

Published 01 Feb, 2012 12:00am
India's Supreme Court warns corruption a 'grave danger'

India's Supreme Court warns corruption a 'grave danger'

India's Supreme Court warned on Tuesday that corruption posed a "grave danger" to the world's largest democracy, which has been rocked by a series of high-profile graft scandals. Prime Minister Manmohan Singh's Congress-led administration has taken a batt
Published 01 Feb, 2012 12:00am
JLI YAQEEN GROWTH FUND RATES

JLI YAQEEN GROWTH FUND RATES

Jubilee Life Insurance Yaqeen Growth Fund Rates on Tuesday (January 31, 2012).

Published 01 Feb, 2012 12:00am
JLI YAQEEN GROWTH FUND RATES

JLI YAQEEN GROWTH FUND RATES

Jubilee Life Insurance Yaqeen Growth Fund Rates on Tuesday (January 31, 2012).

Published 01 Feb, 2012 12:00am
Additional funds denied to Kurram Tungi dam

Additional funds denied to Kurram Tungi dam

Finance Division and Planning Division have refused to allocate additional funds for any development project outside Public Sector Development Program (PSDP) 2011-12 due to financial constraints. Both Divisions headed by Finance Minister Dr Abdul Hafeez S
Published 01 Feb, 2012 12:00am
Additional funds denied to Kurram Tungi dam

Additional funds denied to Kurram Tungi dam

Finance Division and Planning Division have refused to allocate additional funds for any development project outside Public Sector Development Program (PSDP) 2011-12 due to financial constraints. Both Divisions headed by Finance Minister Dr Abdul Hafeez S
Published 01 Feb, 2012 12:00am
Additional funds denied to Kurram Tungi dam

Additional funds denied to Kurram Tungi dam

Finance Division and Planning Division have refused to allocate additional funds for any development project outside Public Sector Development Program (PSDP) 2011-12 due to financial constraints. Both Divisions headed by Finance Minister Dr Abdul Hafeez S
Published 01 Feb, 2012 12:00am
Eurozone jobless hits highest level since birth of euro

Eurozone jobless hits highest level since birth of euro

Eurozone unemployment has risen to its highest level since the euro single currency was introduced, data showed on Tuesday, a day after EU leaders promised to focus on creating millions of new jobs to try to kickstart Europe's floundering economy. Seasona
Published 01 Feb, 2012 12:00am
Eurozone jobless hits highest level since birth of euro

Eurozone jobless hits highest level since birth of euro

Eurozone unemployment has risen to its highest level since the euro single currency was introduced, data showed on Tuesday, a day after EU leaders promised to focus on creating millions of new jobs to try to kickstart Europe's floundering economy. Seasona
Published 01 Feb, 2012 12:00am
Eurozone jobless hits highest level since birth of euro

Eurozone jobless hits highest level since birth of euro

Eurozone unemployment has risen to its highest level since the euro single currency was introduced, data showed on Tuesday, a day after EU leaders promised to focus on creating millions of new jobs to try to kickstart Europe''s floundering economy. Season
Published 01 Feb, 2012 12:00am
S&P warns cuts loom for G20 nations on health costs

S&P warns cuts loom for G20 nations on health costs

Ratings agency Standard & Poor's warned it may downgrade "a number of highly rated" Group of 20 countries from 2015 if their governments fail to enact reforms to curb rising healthcare spending and other costs related to ageing populations. Developed nati
Published 01 Feb, 2012 12:00am
S&P warns cuts loom for G20 nations on health costs

S&P warns cuts loom for G20 nations on health costs

Ratings agency Standard & Poor's warned it may downgrade "a number of highly rated" Group of 20 countries from 2015 if their governments fail to enact reforms to curb rising healthcare spending and other costs related to ageing populations. Developed nati
Published 01 Feb, 2012 12:00am
S&P warns cuts loom for G20 nations on health costs

S&P warns cuts loom for G20 nations on health costs

Ratings agency Standard & Poor''s warned it may downgrade "a number of highly rated" Group of 20 countries from 2015 if their governments fail to enact reforms to curb rising healthcare spending and other costs related to ageing populations. Developed nat
Published 01 Feb, 2012 12:00am
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