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Archive - 2012-02-11
SBP keeps key policy rate flat at 12pc
Top News

SBP keeps key policy rate flat at 12pc

KARACHI: State Bank Of Pakistan (SBP) on Saturday announced it would keep its key policy rate unchanged at 12 percent fo
Published 11 Feb, 2012 07:59pm
SBP keeps policy rate unchanged at 12pc
Top News

SBP keeps policy rate unchanged at 12pc

KARACHI : The central board of directors of the State Bank of Pakistan (SBP) has decided to keep the policy rate unchang
Published 11 Feb, 2012 05:05pm
Preparation continue for senate election
Top News

Preparation continue for senate election

ISLAMABAD: Candidates contesting in the Senate elections would receive their nomination papers on Saturday and Sunday wh
Published 11 Feb, 2012 09:27am
Greek cabinet approves debt deal
Top News

Greek cabinet approves debt deal

ATHENS: Greece's cabinet on Saturday approved tough austerity measures demanded by EU and IMF creditors after the prime
Published 11 Feb, 2012 07:24am
Hamas 'will never recognise Israel'
Top News

Hamas 'will never recognise Israel'

TEHRAN: Hamas "will never recognise Israel," its Gaza prime minister said on Saturday in a speech in Iran that is likely
Published 11 Feb, 2012 05:14am
JI's Professor Khurshid quits PCNS
Top News

JI's Professor Khurshid quits PCNS

WASIM IQBAL & TAHIR AMIN ISLAMABAD : Professor Khurshid Ahmad resigned from his membership of the Parliamentary Commi
Published 11 Feb, 2012 05:13am
Italian PM surprised by Obama's praise
Top News

Italian PM surprised by Obama's praise

NEW YORK: Italy's Prime Minister Mario Monti said Friday that he had been surprised by the words of praise received for
Published 11 Feb, 2012 04:29am
'Pakistan may miss 100 percent literacy goal by 2015'

'Pakistan may miss 100 percent literacy goal by 2015'

Speakers at a seminar on Friday expressed their fear that although Pakistan had set the goal to achieve 100 percent literacy rate by 2015, the indicators showed that it might miss the target because of poor management and low fund allocation. The seminar
Published 11 Feb, 2012 12:00am
PhD programme: UK university joins hands with UHS

PhD programme: UK university joins hands with UHS

The University of Glasgow, UK, and the University of Health Sciences (UHS) will enter into a partnership to start a "sandwich" PhD programme for Pakistani researchers in molecular biology, clinical neurosciences, medical genetics, nursing and public healt
Published 11 Feb, 2012 12:00am
CEDR UK presentation to LHC judges

CEDR UK presentation to LHC judges

Director Centre of Effective Dispute Resolution (CEDR), UK Grahan Massie and Consultant CEDR Baria Ahmad gave a detailed presentation to the judges of Lahore High Court and District and Session judges on Friday. The programme was organised in collaboratio
Published 11 Feb, 2012 12:00am
LCCI concerned over victimisation of pharma industry

LCCI concerned over victimisation of pharma industry

The Lahore Chamber of Commerce and Industry (LCCI) has expressed concern over undue victimisation of the domestic pharma industry. The LCCI President Irfan Qaiser Sheikh said that it is a matter of concern to target the pharmaceutical industry as a whole
Published 11 Feb, 2012 12:00am
Navy officers' delegation visits LCCI

Navy officers' delegation visits LCCI

A delegation of 123 Navy officers of 41st Staff Course of Pakistan Navy War College on Friday visited Lahore Chamber of Commerce and Industry to explore role of the business community in investment generation and job creation.
Published 11 Feb, 2012 12:00am
Ilyas Bilour's remarks: MQM urges CJP to take suo motu notice

Ilyas Bilour's remarks: MQM urges CJP to take suo motu notice

Muttahida Qaumi Movement (MQM) on Friday appealed to the Chief Justice of Pakistan to take sue motu notice of the remarks of Awami National Party (ANP) leader Ilyas Bilour against MQM. A couple of days back Bilour, in a talk show on a private TV channel,
Published 11 Feb, 2012 12:00am
Two-day Karachi Literature Festival begins today

Two-day Karachi Literature Festival begins today

The Karachi Literature Festival (KLF) being organised by the British Council and Oxford University Press (OUP) is going to start here on Saturday (today). The KLF is the first of its kind in Pakistan. It brings together Pakistani and international authors
Published 11 Feb, 2012 12:00am
Zardari hosts reception for Sri Lankan President

Zardari hosts reception for Sri Lankan President

President Asif Ali Zardari Friday hosted a reception in the honour of president of Sri Lanka, President Mahinda Rajapaksa, here at Aiwan-e-Sadr. National anthems of the two countries were played on this occasion.
Published 11 Feb, 2012 12:00am
TAAP meeting held

TAAP meeting held

A four-member representative delegation of Travel Agents Association of Pakistan (TAAP) led by its Regional Chairman Dr Muhammad Sharif Khan called on provincial secretary sports and tourism Dr Allah Bakhsh Malik discussed matters of mutual interest on Fr
Published 11 Feb, 2012 12:00am
Petroleum policy termed investor-friendly

Petroleum policy termed investor-friendly

Dr Asim Hussain, Special Assistant to the Prime Minister for Petroleum and Natural Resources, has said that the new Petroleum (Exploration & Production) Policy 2012 would enable investor-friendly environment.
Published 11 Feb, 2012 12:00am
Sindh Assembly summoned on February 13

Sindh Assembly summoned on February 13

Sindh Governor, Dr Ishrat-ul-Ebad Khan, has summoned the Provincial Assembly of Sindh to meet on February 13 at 10am., an official statement said on Friday.
Published 11 Feb, 2012 12:00am
'Pakistan has largest participation in Fulbright Programme

'Pakistan has largest participation in Fulbright Programme

Deputy Chief of Mission, Ambassador Richard Hoagland has said the United States is proud that Pakistan has the largest Fulbright Programme in the world, and also one of the oldest. He was speaking at the launching ceremony of Fulbright Programme 2013 from
Published 11 Feb, 2012 12:00am
Extending scope of SRO821(I)/2011: massive revenue loss imminent: APTPA

Extending scope of SRO821(I)/2011: massive revenue loss imminent: APTPA

The Federal Board of Revenue may lose billions of rupees upon extending scope of SRO821(I)/2011 on value added textile sector. All Pakistan Textile Processing Association Chairman Saleem Parekh told BR on Friday that expanding the scope of the documentati
Published 11 Feb, 2012 12:00am
Pakistan participates in Berlin trade fair

Pakistan participates in Berlin trade fair

Pakistan participated in the world's largest three-day trade fair of fresh fruits and vegetables, 'Logistica 2012', which ended on Friday in Berlin. The fair ended on positive note for the Pakistani exhibitors who expressed satisfaction over business cont
Published 11 Feb, 2012 12:00am
IFC, NIB Bank ink agreement

IFC, NIB Bank ink agreement

International Finance Corporation, member of World Bank Group, and NIB Bank signed agreement on Friday that will help Pakistan's private sector access global import and export markets, spur trade, production, economic growth, and job creation.
Published 11 Feb, 2012 12:00am
Prices of clothes register unprecedented increase

Prices of clothes register unprecedented increase

The prices of clothes including readymade clothes of children and adults have registered an unprecedented increase (from 50-100pc) as compared to last year's, revealed a survey conducted by Business Recorder here on Friday in different markets of t
Published 11 Feb, 2012 12:00am
'EU countries should consider Pakistan as economic partner'

'EU countries should consider Pakistan as economic partner'

Pakistan has immense prospective to be a big entity in coming years and the EU countries should consider it for economic partner for the future," Italian Ambassador Vicenzo Prati said here on Friday. Speaking at a meeting of Karachi Chamber of Commerce an
Published 11 Feb, 2012 12:00am
Rally staged in favour of Sindh University vice chancellor

Rally staged in favour of Sindh University vice chancellor

Education lovers, teachers, students, employees of the University of Sindh and a large number of people from different walks of life on Friday staged a huge rally in the university campus under title 'Save Education Save University' in favour of Vice Chan
Published 11 Feb, 2012 12:00am
Sindh University to resume classes from Monday

Sindh University to resume classes from Monday

The deans of the faculties and directors and chairpersons of various teaching institutes and departments have decided will resume classes from Monday and teachers will take classes even a single student would be available in the classroom. This was decide
Published 11 Feb, 2012 12:00am
Unilever Pakistan delivers Rs 4.094 billion profit after tax

Unilever Pakistan delivers Rs 4.094 billion profit after tax

Unilever Pakistan Limited has delivered profit after tax of Rs 4.094 billion in the year ended December 31, 2011, up 25 percent on previous year's profit of Rs 3.273 billion. The company's earning per share increased to Rs 308 in the period under review a
Published 11 Feb, 2012 12:00am
Unilever Pakistan delivers Rs 4.094 billion profit after tax

Unilever Pakistan delivers Rs 4.094 billion profit after tax

Unilever Pakistan Limited has delivered profit after tax of Rs 4.094 billion in the year ended December 31, 2011, up 25 percent on previous year's profit of Rs 3.273 billion. The company's earning per share increased to Rs 308 in the period under review a
Published 11 Feb, 2012 12:00am
Efroze Chemical regrets tragedy, pledges full cooperation

Efroze Chemical regrets tragedy, pledges full cooperation

A spokesman of Efroze Chemical Industries (Pvt) Ltd has stated that the company management deeply regretted the tragedy that had befallen those who had been treated at the Punjab Institute of Cardiology over the past weeks. According to a press release is
Published 11 Feb, 2012 12:00am
Action against pharma companies unfair: KCCI

Action against pharma companies unfair: KCCI

Karachi Chamber of Commerce and Industry (KCCI) President Mian Abrar Ahmad has expressed concern over unjustified action against pharmaceutical companies, particularly in Karachi, after the tragic deaths of people in Lahore due to adverse drug reaction. H
Published 11 Feb, 2012 12:00am
Khyber Pakhtunkhwa rejects fuel surcharge

Khyber Pakhtunkhwa rejects fuel surcharge

Pakistan Water and Power Action Committee Khyber Pakhtunkhwa (KP) has rejected the fuel price surcharge and described it is injustice with the poor consumers on part of the government. Speaking at a press conference at Peshawar Press Club on Friday the ac
Published 11 Feb, 2012 12:00am
Pasban rally demands release of Aafia, missing persons

Pasban rally demands release of Aafia, missing persons

Police on Friday foiled a rally marching towards the US Consulate to stage a sit-in against the detention of Aafia Siddiqi. Hundreds of police personnel equipped with plastic shields, shin and chest guards and clubs, were deployed on all roads near Karach
Published 11 Feb, 2012 12:00am
Protesters take shelter at KPC

Protesters take shelter at KPC

The anti-US rally participants on Friday evening sought shelter at Karachi Press Club in wounded condition, saving them from pursuing police who had just subjected them to baton charge after releasing them from lock-up, the wounded chief of Pasban said.
Published 11 Feb, 2012 12:00am
Senate elections: over 100 nomination forms issued in Sindh

Senate elections: over 100 nomination forms issued in Sindh

More than 100 nomination forms of Senate election have been issued by the Office of Provincial Election Commissioner while, the Returning officer would place public notice for inviting the nomination papers on Saturday (today).
Published 11 Feb, 2012 12:00am
Industries should focus on areas under EU concessions

Industries should focus on areas under EU concessions

Chairman Landhi Association of Trade and Industry (LATI), Ziad Bashir has advised industries that they should focus on the specific areas under European Union (EU) concessions. In a statement he said that the unilateral tariff concession to Pakistan given
Published 11 Feb, 2012 12:00am
Six killed in new wave of violence

Six killed in new wave of violence

At least six persons including two activists of banned outfit Sipah Sahaba Pakistan (SSP) and a worker of Sunni Tehreek (ST) lost their lives in different incidents of targeted killings in the city on Friday. Police said, two activists of SSP were killed
Published 11 Feb, 2012 12:00am
Pakistan-Russia relations

Pakistan-Russia relations

Pakistani Foreign Minister Hina Rabbani Khar and her Russian counterpart Sergei Victorovich Lavrov agreed to promote bilateral relations in diverse fields including trade, energy, and people-to-people contacts. The suddenness of Khar's departure for Mosco
Published 11 Feb, 2012 12:00am
Pak-US border talks

Pak-US border talks

The military officials of Pakistan, Afghanistan and US-led coalition forces have met now giving credence to reports that back-channel contacts over the last one month or so have helped thaw the ice that had beset Pak-US relationship in the wake of the Sal
Published 11 Feb, 2012 12:00am
Who is responsible for this mess?

Who is responsible for this mess?

As one perceives Pakistan one gets the impression that we have got it all wrong. Why? This impression once it gets going is difficult to remove. Remember East Pakistan for the impression that the local population had about us was that we really did not ca
Published 11 Feb, 2012 12:00am
Amnesty is justified!

Amnesty is justified!

The Karachi Stock Exchange (KSE) performance during the year ending December 31, 2011 remained fairly disappointing. The total annual turnover of shares at KSE fell from 30313 million shares to only 19610 million during this period. Similarly, the KSE 100
Published 11 Feb, 2012 12:00am
Lacunae in Pakistani income tax laws

Lacunae in Pakistani income tax laws

Since the last decade it has been observed that a lot of improvements have been made in the Income Tax Ordinance 2001 (hereinafter referred to as the "I. T. Ord") and related Income Tax Rules 2002 (hereinafter referred to as "I. T. Rules"). But there is s
Published 11 Feb, 2012 12:00am
For all the 'Paki' haters!

For all the 'Paki' haters!

I recently returned from a charitable trip to Pakistan, whereby I visited both Karachi and Islamabad. I spoke with several universities, key businesses, prominent business leaders and several religious people from all generations...On the day I returned t
Published 11 Feb, 2012 12:00am
SECP registers 356 companies in January

SECP registers 356 companies in January

The SECP registered 356 companies in January as compared to 271 companies during previous month, showing an increase of 31%. During the current financial year, a total of 1,942 companies have been registered as compared to 1,700 during corresponding perio
Published 11 Feb, 2012 12:00am
AOC, GHA reject airport entry passes fee

AOC, GHA reject airport entry passes fee

The airport entry passes fee of Rs 5,000 levied, on all persons who are performing duties at the airport premises, which imposed from January 1, 2012, were unanimously rejected at a joint meeting of Airline Operators Committee (AOC) and Ground Handling Ag
Published 11 Feb, 2012 12:00am
Denmark ranked second as 'innovation leader' in EU states

Denmark ranked second as 'innovation leader' in EU states

Denmark has just been ranked as the second best country in the EU in terms of innovation and research. A statement issued here by Embassy of Denmark on Friday said the Innovation Union Scoreboard 2011 was prepared by the Maastricht Economic and Social Res
Published 11 Feb, 2012 12:00am
JI's Professor Khurshid quits PCNS

JI's Professor Khurshid quits PCNS

Professor Khurshid Ahmad resigned from his membership of the Parliamentary Committee on National Security (PCNS) on Friday to protest the resumption of the drone attacks inside tribal areas of Pakistan. At the conclusion of the PCNS, Chairman Committee Se
Published 11 Feb, 2012 12:00am
Functioning of Cadet College Razmak discussed

Functioning of Cadet College Razmak discussed

A meeting of the Board of Governor's Cadet College Razmak North Waziristan Agency was held with the Governor Khyber Pakhtunkhwa Barrister Masood Kausar in the chair at Governor's House, here on Friday, which discussed in detail a number of matters relatin
Published 11 Feb, 2012 12:00am
Number of MBBS seats in KMDC increased to 250

Number of MBBS seats in KMDC increased to 250

The seats of MBBS in Karachi Medical & Dental College (KMDC) were increased from 100 to 250 and the BDS seats were also increased from 50 to 100. Administrator Karachi Muhamamd Hussain Syed said that Rs 50 millions were being provided for extension of fac
Published 11 Feb, 2012 12:00am
Efforts under way to resume fish export to EU: Saadi

Efforts under way to resume fish export to EU: Saadi

European Union (EU) imports fish has reached at worth Euro 15.5 million per annum and efforts are under way to resume fish imports from Pakistan. This was stated by the Trade Counsellor and Head of Economic Section, Embassy of Germany, Samy Saadi on Frida
Published 11 Feb, 2012 12:00am
Imran hits out at PPP, PML-N, JUI-F

Imran hits out at PPP, PML-N, JUI-F

Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan on Friday challenged PPP PML-N and JUI saying that even if they contest elections jointly they can not defeat PTI. Speaking at a huge public rally in Swabi, Imran blamed Nawaz Shahrif, Maulana Fazal-ur-Rehma
Published 11 Feb, 2012 12:00am
Khyber Pakhtunkhwa minister urges institutions to respect parliament

Khyber Pakhtunkhwa minister urges institutions to respect parliament

Khyber Pakhtunkhwa Minister for Information, Mian Iftikhar Hussain has said that it was mandatory for all institutions to respect parliament as supreme body under the constitution. Speaking at the inauguration of development scheme in his constituency in
Published 11 Feb, 2012 12:00am
Supreme Court again orders production of missing prisoners

Supreme Court again orders production of missing prisoners

The Supreme Court has redirected the chiefs of ISI and MI and Chief Secretary Khyber Pakhtunkhwa to ensure presence of remaining seven missing prisoners, who were allegedly picked up by spy agencies from outside the Adiyala Jail, on February 13 at all cos
Published 11 Feb, 2012 12:00am
JUI-Nazriati leaders blame Fazl for MMA break-up

JUI-Nazriati leaders blame Fazl for MMA break-up

Leaders of Jamiat Ulema-e-Islam JUI-N (Nazriati) on Friday blamed the former opposition leader in the National Assembly for the break-up of a religious political alliance-Muttahida Majlis Amal (MMA).
Published 11 Feb, 2012 12:00am
Speakers for improving reproductive health indicators

Speakers for improving reproductive health indicators

Speakers at a function here on Friday called for making concerted efforts aimed at improving the reproductive health indicators of Pakistan. They observed that without a cohesive strategy, including economic, health and environmental indicators, Pakistan'
Published 11 Feb, 2012 12:00am
Khosa case: proceedings adjourned till February 15

Khosa case: proceedings adjourned till February 15

An additional district and session judge on Friday adjourned the proceedings to February 15, in an application seeking registration of a case against former chief minister Sardar Dost Muhammad Khosa for producing fake documents in court. The complainant s
Published 11 Feb, 2012 12:00am
Mushroom growth of fake nursing schools in Karachi

Mushroom growth of fake nursing schools in Karachi

Fake and unauthorised private nursing schools have mushroomed in the city, which are claiming of imparting professional education. Sources said that these nursing schools, mostly offering certificate courses and one year diploma, are not registered with P
Published 11 Feb, 2012 12:00am
Special education: Punjab government accused of misusing funds

Special education: Punjab government accused of misusing funds

Secretary General Foundation for Rehabilitation and Education of Special Children (FRESH) Ashba Kamran has accused the Punjab government for misusing of funds of Special Education for distribution of laptops among students on political grounds.
Published 11 Feb, 2012 12:00am
LCCI felicitates Ali Mian

LCCI felicitates Ali Mian

The Lahore Chamber of Commerce and Industry (LCCI) has congratulated the LCCI former President Mohammad Ali Mian on his appointment as Political Assistant to the Chief Minister Punjab on Trade Affairs. The LCCI President Irfan Qaiser Sheikh, Senior Vice P
Published 11 Feb, 2012 12:00am
US MIDDAY: gold dips

US MIDDAY: gold dips

Gold fell on Friday, following losses in the euro and US equities, as uncertainty over negotiations on a bailout package for Greece prompted investors to sell the metal and hoard cash. Bullion was on track for a second straight weekly loss, as a lack of c
Published 11 Feb, 2012 12:00am
US MIDDAY: copper sinks

US MIDDAY: copper sinks

In New York, the key COMEX copper contract sank 11.65 cents or 3 percent to settle at $3.8620 per lb, close to the bottom of its $3.8515 to $3.9785 session range. It hit a 5-month peak Thursday at $3.9895. Volumes picked up as investors cashed in on the r
Published 11 Feb, 2012 12:00am
US MIDDAY: wheat tumbles

US MIDDAY: wheat tumbles

US wheat futures fell to their lowest level in more than two weeks early on Friday due to plentiful world supplies and a higher dollar which dimmed export prospects, traders said. Soyabean futures dropped to a one-week low, their fourth straight day of de
Published 11 Feb, 2012 12:00am
Gold falls in London

Gold falls in London

Gold fell more than 1 percent on Friday, hurt by a slide in the euro after a Greek party leader said he couldn't back the 130-billion euro bailout deal the country needs to avoid going bankrupt, which comes at the cost of painful austerity measures. Euro
Published 11 Feb, 2012 12:00am
Gold stalls in Asia

Gold stalls in Asia

Gold hovered around $1,730 an ounce on Friday in cautious trade as euro zone finance ministers held off on approving a bailout package for Greece even after it said it had clinched a deal on economic reforms. Spot gold inched down to $1,729.29 an ounce by
Published 11 Feb, 2012 12:00am
Gold down in New York

Gold down in New York

Gold prices fell on Thursday, as technical selling and nagging worries about euro zone debt extinguished a rally that began after Greece agreed to fiscal austerity measures. Losses accelerated after bullion failed to breach 1,750 an ounce, its early Decem
Published 11 Feb, 2012 12:00am
Cocoa dips four percent

Cocoa dips four percent

US cocoa futures fell for the third day running on Friday, dropping 4 percent to a one-month low on heavy spread trade and long liquidation as delays on a Greek debt deal rekindled worries over the euro zone crisis. "It (Greece) is causing macro stress,"
Published 11 Feb, 2012 12:00am
Palm oil down

Palm oil down

Malaysian crude palm oil fell on Friday on the back of a bearish US crop report and prospects of slowing demand, although losses were capped by a long-awaited bailout deal for Greece which has yet to be approved. The US Department of Agriculture on Thursd
Published 11 Feb, 2012 12:00am
Wheat dives two percent

Wheat dives two percent

Wheat tumbled more than 2 percent and corn and soyabeans eased off early highs on Thursday, when traders found little bullish news in a US government crop report. World wheat stocks will swell to record size this year and corn stocks will be larger than e
Published 11 Feb, 2012 12:00am
Tokyo rubber drops

Tokyo rubber drops

Tokyo rubber futures dropped 2 percent to a near 1-week low on Friday as easing oil prices encouraged investors to liquidate contracts to avoid risks ahead of the weekend, dealers said. Technical sentiment was weak after pries fell below a major support o
Published 11 Feb, 2012 12:00am
Oil falls on Greece deal doubts

Oil falls on Greece deal doubts

Oil prices fell on Friday, but posted gains for the week, as the latest hitches in negotiations on a Greek bailout package pressured the euro and equities. A reduced oil demand growth forecast from the International Energy Agency (IEA), the sixth consecut
Published 11 Feb, 2012 12:00am
Copper declines

Copper declines

Copper fell on Friday, after hitting a five-month high on Thursday, as the euro tumbled on worries about Greece's bailout plan, but still solid copper import numbers from China limited further losses. Political parties in Athens had struck a long-awaited
Published 11 Feb, 2012 12:00am
New York cotton settles higher

New York cotton settles higher

Cotton futures finished higher Friday on trade and possible mill buying to offset early pressure caused by a bearish government crop report handed out in the previous session, analysts said. Benchmark March cotton on ICE Futures US went up 0.23 cent to fi
Published 11 Feb, 2012 12:00am
Indian army chief drops court case on retirement age

Indian army chief drops court case on retirement age

India's army chief on Friday withdrew a petition to review his retirement age after the Supreme Court said it would not entertain his plea, media reports said. General VK Singh had petitioned the court contending that his birth records prove he was born i
Published 11 Feb, 2012 12:00am
Germany refuses to sign copyright treaty

Germany refuses to sign copyright treaty

Germany will not immediately sign an international copyright treaty, despite having already agreed to it in principle, the Foreign Ministry said Friday, after protests over its implications for internet users. The Anti-Counterfeiting Trade Agreement (ACTA
Published 11 Feb, 2012 12:00am
FBI releases background check file on Steve Jobs

FBI releases background check file on Steve Jobs

The US Federal Bureau of Investigation on Thursday released a 191-page file on Steve Jobs that paints an occasionally unflattering portrait of the late Apple founder. The report was compiled during a 1991 background investigation of Jobs by the FBI after
Published 11 Feb, 2012 12:00am
Australian Prime Minister slaps gag order on MPs

Australian Prime Minister slaps gag order on MPs

Australian Prime Minister Julia Gillard Friday did not deny a report that she has ordered cabinet ministers not to talk to major newspaper editors in a bid to stamp out leadership speculation. Gillard heads a fragile Labour coalition government after the
Published 11 Feb, 2012 12:00am
Canada, Russia agree on silence in spy case

Canada, Russia agree on silence in spy case

Russia has agreed to a Canadian request not to publicly disclose any information in the case of a Canadian soldier charged with leaking secrets, a local broadcaster reported Friday. CTV said Russian ambassador Georgiy Mamedov told one of its correspondent
Published 11 Feb, 2012 12:00am
Germany jails Kosovan for life for killing US airmen

Germany jails Kosovan for life for killing US airmen

A Kosovo-Albanian man who killed two US airmen and wounded two others in a gun attack at Frankfurt airport last March was sentenced to life in prison by German court on Friday. Arid Uka, a 22-year-old who was raised in Germany, had confessed to the attack
Published 11 Feb, 2012 12:00am
Missile shield test a success: India

Missile shield test a success: India

India successfully tested on Friday an interceptor defence shield developed to detect and destroy incoming ballistic missiles, a government official said. Officials from the Defence Research and Development Organisation (DRDO) said an indigenously develop
Published 11 Feb, 2012 12:00am
Gaza Hamas chief arrives in Iran

Gaza Hamas chief arrives in Iran

The Hamas prime minister in Gaza, Ismail Haniya, arrived in Tehran on Friday on a three-day trip and is due to speak at a rally marking the 33 anniversary of the 1979 Islamic revolution on Saturday, state media reported. The state television website said
Published 11 Feb, 2012 12:00am
Egyptians protest against a year of army rule

Egyptians protest against a year of army rule

Thousands of Egyptians marched to the Defence Ministry on Friday to press demands for the generals to hand over power, a day before a strike called by activists to mark the first anniversary of President Hosni Mubarak's fall. Egypt remains in political tu
Published 11 Feb, 2012 12:00am
World confidence in UN 'shaken': Saudi Arabia

World confidence in UN 'shaken': Saudi Arabia

Saudi King Abdullah said on Friday that world confidence in the United Nations had been shaken after the world body failed to adopt a resolution against the Syrian regime's deadly crackdown on protests. "We all used to take pride in the United Nations whi
Published 11 Feb, 2012 12:00am
Bosnia approves new government, ends deadlock

Bosnia approves new government, ends deadlock

Bosnia's parliament approved a new central government on Friday, ending 16 months of deadlock between Serb, Croat and Muslim leaders that left the economy floundering and stalled reforms needed to revive Bosnia's bid to join the European Union.
Published 11 Feb, 2012 12:00am
Israel approves new West Bank building

Israel approves new West Bank building

Israeli Defence Minister Ehud Barak approved the construction of buildings in the West Bank to serve as an educational facility for special-needs youth, his office said on Friday. The site, named Gevaot and located in the Gush Etzion bloc, "is not a settl
Published 11 Feb, 2012 12:00am
Russian gets 13 years for passing missile data to CIA

Russian gets 13 years for passing missile data to CIA

A Russian space engineer received a 13-year jail sentence Friday on charges of passing secret strategic missile data to the US Central Intelligence Agency in return for cash. Russia's FSB security service said test engineer Vladimir Nesterets from the nor
Published 11 Feb, 2012 12:00am
Santorum takes on Romney before US conservatives

Santorum takes on Romney before US conservatives

Rick Santorum tried to raise doubts about the electability of Mitt Romney on Friday at a conservative gathering where he openly attacked his chief rival for the Republican US presidential nomination. Buoyed by three victories this week, Santorum presented
Published 11 Feb, 2012 12:00am
Maldives ousted former president threatens protests

Maldives ousted former president threatens protests

The ousted leader of the Maldives, who claims he was deposed in a coup, called for fresh elections on Friday and threatened street protests over the detention of his party members. Mohamed Nasheed, who says rebel police and army officers forced him to res
Published 11 Feb, 2012 12:00am
Disabled cricketers set for Pakistan-England series

Disabled cricketers set for Pakistan-England series

Cricketers with disabilities from Pakistan and England promise to defy all odds during their ground-breaking series which starts on Saturday, hoping it could set examples for such other people in life. They may not be big names like Misbah-ul Haq, Andrew
Published 11 Feb, 2012 12:00am
McIlroy, Bjorn sizzle in Dubai

McIlroy, Bjorn sizzle in Dubai

US Open champion Rory McIlroy and Danish veteran Thomas Bjorn sunk late birdies to set the pace at the Dubai Desert Classic on Friday, with the pair 13-under after the second round. Behind them lurked Martin Kaymer - who claimed his first ever hole in one
Published 11 Feb, 2012 12:00am
Redknapp would 'consider' England job

Redknapp would 'consider' England job

Harry Redknapp said Friday he would consider taking the England manager's post if offered the chance to succeed Fabio Capello. Redknapp, currently in charge of Premier League high-flyers Tottenham Hotspur, said: "It wouldn't be easy (leaving Spurs). It wo
Published 11 Feb, 2012 12:00am
Nadal slams French TV puppet show's drugs charge

Nadal slams French TV puppet show's drugs charge

Tennis great Rafael Nadal has attacked a French satirical puppet show that implied he and other Spanish sports stars are drug cheats, saying it had crossed the line. The sketches on Canal Plus France's television show "Les Guignols" whipped up a storm of
Published 11 Feb, 2012 12:00am
Australia snatch thrilling win

Australia snatch thrilling win

Australian captain Michael Clarke's inspired start to 2012 continued when he led his side to victory over Sri Lanka in their tri-series one-day international at the WACA Ground on Friday. Man of the match Clarke had an impact with both bat and ball as Aus
Published 11 Feb, 2012 12:00am
Giggs signs on for another year with United

Giggs signs on for another year with United

Manchester United star Ryan Giggs has signed a one-year contract extension, the English Premier League champions announced Friday. The deal means 38-year-old former Wales midielder Giggs, who has only ever played professionally for United, is set to take
Published 11 Feb, 2012 12:00am
Injured Zvonareva quits at Pattaya

Injured Zvonareva quits at Pattaya

Top seed Vera Zvonareva was forced to retire from the Pattaya Open on Friday with a left hip injury. The Russian, who won the title in 2009 and 2010, quit her quarter-final against seventh-seeded Romanian Sorana Cirstea after winning the first set 6-2, lo
Published 11 Feb, 2012 12:00am
Liverpool great Smith to sell medals

Liverpool great Smith to sell medals

Former Liverpool captain Tommy Smith is to sell the medals he won during his highly successful career at Anfield. Tough-tackling defender Smith, renowned as one of the 'hardest' players of his era but a better footballer than sometimes given credit for, m
Published 11 Feb, 2012 12:00am
SBP Governor's Cup Super Series begins

SBP Governor's Cup Super Series begins

Eighth State Bank of Pakistan (SBP) Governor's Cup Super Series InterBank Cricket Tournament will begin here from Saturday (today). SBP Director Finance, Riaz Nazar disclosed this while addressing a press conference here on Friday. He said it will be play
Published 11 Feb, 2012 12:00am
Profit-taking hits Asia forex

Profit-taking hits Asia forex

The Indian rupee and the Singapore dollar looked set to snap multi-week winning streaks on Friday as investors took profits on recent gains in emerging Asian currencies, worried by fresh setbacks in negotiations on a bailout package for Greece.
Published 11 Feb, 2012 12:00am
Indian rupee posts biggest weekly fall in nine weeks

Indian rupee posts biggest weekly fall in nine weeks

Suspected dollar sales by the Reserve Bank of India helped the rupee recover all intraday losses on Friday but the currency still posted its biggest weekly fall in nine weeks. The rupee ended at 49.40/41 to the dollar after hitting a low of 49.76, a level
Published 11 Feb, 2012 12:00am
Australian and New Zealand dollars fall

Australian and New Zealand dollars fall

The Australian and New Zealand dollars ran into profit-taking on Friday as five straight weeks of gains left the currencies overstretched and soft trade figures from China provided an excuse to sell. The Aussie was also undermined by news one of the count
Published 11 Feb, 2012 12:00am
Euro rises in New York

Euro rises in New York

The euro traded in a narrow range after hitting a new two-month high against the dollar on Thursday after Greek leaders agreed to a deal on reforms needed to avoid a messy default and the European Central Bank chief flagged tentative economic improvement
Published 11 Feb, 2012 12:00am
Early trade in New York: euro falls

Early trade in New York: euro falls

The euro fell on Friday after the leader of the far-right party in Greece's coalition declined to back a bailout agreement, again raising concerns about the risk of a chaotic default and pushing market sentiment from recent optimism to pessimism. The euro
Published 11 Feb, 2012 12:00am
Euro falls in London

Euro falls in London

The euro fell on Friday after the leader of the far-right party in Greece's coalition said he could not back a bailout agreement, reigniting worries about the risk of a chaotic default. The comments caused the single currency to extend earlier falls after
Published 11 Feb, 2012 12:00am
Euro off highs in Asia

Euro off highs in Asia

The euro pulled away from two-month highs against the dollar and the yen on Friday as worries over Greece's commitment to debt restructuring lingered even after it clinched a deal on fiscal reforms to secure funding and avoid default. Athens struck a long
Published 11 Feb, 2012 12:00am
Sterling drops versus dollar

Sterling drops versus dollar

Sterling fell against the dollar on Friday as a setback in Greece's efforts to secure a bailout pushed investors to the safety of the greenback, although it also helped the pound climb against the euro. With many investors looking to move out of the euro
Published 11 Feb, 2012 12:00am
Yuan briefly hits record high

Yuan briefly hits record high

China's yuan briefly touched a record high on Friday after the central bank set the strongest midpoint in advance of a US visit by China's vice president, but the currency closed weaker following an afternoon retreat sparked by weak trade data.
Published 11 Feb, 2012 12:00am
Euribor rates decline

Euribor rates decline

The European Central Bank is not expected to cut interest rates again until October at the earliest, money market prices showed on Friday, as traders exited bets for a move in March after the bank gave no hint of further monetary easing any time soon. ECB
Published 11 Feb, 2012 12:00am
FTSE falls after fresh stumble in Greek aid talks

FTSE falls after fresh stumble in Greek aid talks

Britain's leading share index closed lower and posted its worst week for two months after fresh Greek political drama around the terms of its second bailout package fuelled selling of cyclical stocks and brought fresh technical support into sight. After o
Published 11 Feb, 2012 12:00am
Indian shares down

Indian shares down

Indian shares provisionally closed down 0.6 percent on Friday, giving up early gains after government data showed the country's economic output growth slowed sharply in December. The 30-share BSE index provisionally closed down 109.20 points at 17,721.73,
Published 11 Feb, 2012 12:00am
Australian shares post second straight weekly loss

Australian shares post second straight weekly loss

Australian shares slipped 0.9 percent on Friday, tipping the market into a second consecutive weekly loss, as Europe sought more reforms from Greece to secure a bailout deal and China reported a sharp fall in imports. China, Australia's top trade partner
Published 11 Feb, 2012 12:00am
European stocks post steepest weekly fall in two months

European stocks post steepest weekly fall in two months

European shares suffered their steepest daily fall since January on Friday, with investors ditching banks as fresh cracks appeared in Greece's bid to secure an international bailout and avoid a chaotic default. After weeks of wrangling and uncertainty a d
Published 11 Feb, 2012 12:00am
Hong Kong shares slip; Chinese stocks up

Hong Kong shares slip; Chinese stocks up

China shares edged higher on Friday, led by property stocks on expectations some curbs on the sector may be eased, while Hong Kong shares slipped on profit-booking in energy and financial stocks that had recorded strong gains earlier this year. Disappoint
Published 11 Feb, 2012 12:00am
South Korea KOSPI down

South Korea KOSPI down

Seoul shares dipped on Friday amid heavy volume, weighed down by technical factors after a 10 percent rally so far this year, with institutions selling to book profits and foreign investors buying less aggressively. The Korea Composite Stock Price Index (
Published 11 Feb, 2012 12:00am
Treasuries decline

Treasuries decline

US government debt prices fell on Thursday after Greek leaders agreed to tough fiscal and austerity measures needed to secure critical bailout funds, cutting the safety bid for bonds. Uncertainty over the demand for an upcoming $16 billion auction of 30-y
Published 11 Feb, 2012 12:00am
Treasuries decline

Treasuries decline

US government debt prices fell on Thursday after Greek leaders agreed to tough fiscal and austerity measures needed to secure critical bailout funds, cutting the safety bid for bonds. Uncertainty over the demand for an upcoming $16 billion auction of 30-y
Published 11 Feb, 2012 12:00am
Taiwan stocks lower

Taiwan stocks lower

Taiwan closed down fell 0.61 percent on Friday, joining declines in regional bourses amid lingering concern over the Greek debt crisis and with Apple Inc supplier Largan Precision Co Ltd down by daily limit after a media report of weaker margins. The main
Published 11 Feb, 2012 12:00am
Greek deal leads to modest gains on Wall Street

Greek deal leads to modest gains on Wall Street

US stocks rose modestly for a third straight day on Thursday after Greece reached a deal to secure a financial bailout, but investors were cautious after weeks of gains. Tech shares, led by Apple Inc, gave a lift to the Nasdaq index and were the session's
Published 11 Feb, 2012 12:00am
Friday's midday trade: stocks drop

Friday's midday trade: stocks drop

US stocks dropped on Friday, putting the S&P 500 on pace for its first weekly decline in the past six, after another snag in negotiations for a financial bailout package for Greece. Declines were broad-based, with all 10 S&P sectors negative and the S&P 5
Published 11 Feb, 2012 12:00am
Nikkei slips below 9,000, Softbank surges

Nikkei slips below 9,000, Softbank surges

Japan's Nikkei share average edged below 9,000 on Friday as caution prevailed on Greece even after leaders in Athens clinched a long-delayed bailout deal, but euro zone finance ministers urged the country to commit to more reforms. Softbank surged 3.7 per
Published 11 Feb, 2012 12:00am
Southeast Asian indices mostly fall

Southeast Asian indices mostly fall

Southeast Asian stock indices were mostly weaker on Friday as investors, awaiting a rescue package for Greece, trimmed positions in risky assets. Jakarta's Composite Index shed 1.67 percent, falling at one point to the lowest since January 16. One factor
Published 11 Feb, 2012 12:00am
Greeks strike against austerity before crucial vote

Greeks strike against austerity before crucial vote

Striking Greek workers denounced a new wave of austerity on Friday as an imposition too far by Europe and the IMF. Finance Minister Evangelos Venizelos told the nation it faced a stark choice between sacrifices inside the euro area and bigger sacrifices o
Published 11 Feb, 2012 12:00am
US consumer morale sags, trade gap widens

US consumer morale sags, trade gap widens

Concerns about weak incomes weighed on US consumer confidence in early February, but rising optimism over the jobs market should help to support spending and the broader economy. The Thomson Reuters/University of Michigan overall index of consumer sentime
Published 11 Feb, 2012 12:00am
IEA shaves oil demand forecast, sanguine on Iran sanctions

IEA shaves oil demand forecast, sanguine on Iran sanctions

The IEA trimmed its forecast for oil demand growth because of gloomy economic prospects, but said on Friday that markets were taking in their stride tougher international sanctions on Iran. The International Energy Agency cut its forecast for growth in oi
Published 11 Feb, 2012 12:00am
Gazprom cuts 2012 gas exports plans to Europe

Gazprom cuts 2012 gas exports plans to Europe

Gazprom told analysts it cut back on plans to boost exports to Europe this year, but analysts said the company would still be able to supply more than enough even though European customers were pleading for extra gas to cope with a cold snap. Gazprom, whi
Published 11 Feb, 2012 12:00am
Lehman sues Citigroup to recoup $2.5 billion transfers

Lehman sues Citigroup to recoup $2.5 billion transfers

Lehman Brothers Holdings Inc has sued Citigroup Inc to recover $2.5 billion transferred in the months leading up to Lehman's historic collapse, saying Citigroup is wrongfully keeping the money at the expense of other creditors In a complaint filed late We
Published 11 Feb, 2012 12:00am
India's industrial output sharply down

India's industrial output sharply down

Indian industrial production growth slowed sharply in December, its slowest pace in two months, adding to pressure on the central bank to start cutting interest rates to help stimulate an economy that is headed for its slowest growth in three years.
Published 11 Feb, 2012 12:00am
Spain cuts severance pay in new labour reform

Spain cuts severance pay in new labour reform

Spain cut severance pay for workers on Friday and watered down collective bargaining rights, giving more power to employers as it attempts to kick-start its moribund jobs market and slash Europe's highest unemployment rate. The centre-right government sai
Published 11 Feb, 2012 12:00am
China economy shows strain as policy shift eyed

China economy shows strain as policy shift eyed

China betrayed signs of spluttering domestic demand on Friday as imports crumbling to their lowest in more than two years and weaker-than-forecast bank lending signalled to investors that policymakers would soon make a fresh bid to bolster growth. China's
Published 11 Feb, 2012 12:00am
Canada's exports to US at three-year high

Canada's exports to US at three-year high

Canada's trade surplus more than doubled in December from November as exports to a recovering US economy grew to their highest since October 2008 and hit a record for non-US trade partners, Statistics Canada said on Friday. The report was welcome news for
Published 11 Feb, 2012 12:00am
S&P downgrades Egypt currency ratings

S&P downgrades Egypt currency ratings

Ratings house Standard & Poor's said it lowered Egypt's long-term foreign and local currency ratings from B+ to B on Friday because of a sharp decline in foreign currency reserves and ongoing concerns about political stability. S&P, which cut the rating i
Published 11 Feb, 2012 12:00am
S&P downgrades 34 Italian banks

S&P downgrades 34 Italian banks

Standard and Poor's on Friday lowered the credit rating of 34 Italian banks in a move that follows the agency's two-notch downgrade of Italy on January 13. Italy's biggest financial institutions were hit including UniCredit, Intesa Sanpaolo, Banca Naziona
Published 11 Feb, 2012 12:00am
Barclays takes axe to bankers' bonuses amid profit drop

Barclays takes axe to bankers' bonuses amid profit drop

British banking giant Barclays slashed its bonus pool by a quarter on Friday amid a furious backlash over excessive bankers' pay, and revealed a 16-percent drop in annual net profits. The bank said profit after tax slid to £3.0 billion (3.57 billion euros
Published 11 Feb, 2012 12:00am
Barclays takes axe to bankers' bonuses amid profit drop

Barclays takes axe to bankers' bonuses amid profit drop

British banking giant Barclays slashed its bonus pool by a quarter on Friday amid a furious backlash over excessive bankers' pay, and revealed a 16-percent drop in annual net profits. The bank said profit after tax slid to £3.0 billion (3.57 billion euros
Published 11 Feb, 2012 12:00am
Poland, Lithuania eye gas link

Poland, Lithuania eye gas link

Poland and Lithuania's gas supply companies said on Friday they intended to build a 471-million-euro ($625 million) pipeline to hook the Baltic states to the rest of the EU's energy market. "We found this to be the most efficient measure to solve the prob
Published 11 Feb, 2012 12:00am
De Beers profits up 72 percent

De Beers profits up 72 percent

The world's top diamond producer De Beers announced an "exceptional" year in 2011, with profits up 72 percent to $939 million on surging consumer demand, in a results statement on Friday. Total sales rose 26 percent to 7.38 billion dollars, even though pr
Published 11 Feb, 2012 12:00am
De Beers profits up 72 percent

De Beers profits up 72 percent

The world's top diamond producer De Beers announced an "exceptional" year in 2011, with profits up 72 percent to $939 million on surging consumer demand, in a results statement on Friday. Total sales rose 26 percent to 7.38 billion dollars, even though pr
Published 11 Feb, 2012 12:00am
Brazil's annual inflation eases

Brazil's annual inflation eases

Inflation in Brazil eased to the slowest annual pace in 11 months, supporting the central bank view that consumer price pressures are under control and paving the way for more interest rate cuts. In the 12 months through January, consumer prices rose 6.22
Published 11 Feb, 2012 12:00am
India's Reliance Com profit slides 61 percent

India's Reliance Com profit slides 61 percent

India's second-biggest mobile phone firm Reliance Communications on Friday posted a 61 percent slide in quarterly profit - its tenth straight fall - as the debt-laden firm faces stiff competition. Reliance Communications (RCom), controlled by billionaire
Published 11 Feb, 2012 12:00am
India's Reliance Com profit slides 61 percent

India's Reliance Com profit slides 61 percent

India's second-biggest mobile phone firm Reliance Communications on Friday posted a 61 percent slide in quarterly profit - its tenth straight fall - as the debt-laden firm faces stiff competition. Reliance Communications (RCom), controlled by billionaire
Published 11 Feb, 2012 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canada canola futures rose on Wednesday, extending a more than three-month high in tight-ranging trade a day ahead of the US Department of Agriculture monthly report. Modest technical buying seen after March burst through its 100-day moving average on
Published 11 Feb, 2012 12:00am
Softness enters cotton market as domestic prices track New York futures

Softness enters cotton market as domestic prices track New York futures

Softness enters the domestic cotton market on Friday as a result of continued downward trend in the NY cotton futures, dealers said. The official spot rate gave up overnight firmness, losing Rs 100 to Rs 5,700, they said. Prices of seedcotton in Sindh wer
Published 11 Feb, 2012 12:00am
Ukraine sees record sunoil exports

Ukraine sees record sunoil exports

Ukraine, the world's largest exporter of sunflower oil, plans to boost its sunoil exports by about 19 percent to a record 3.1 million tonnes in the 2011/12 season, the head of Ukrainian sunoil producers' union said on Friday. Stepan Kapshuk told Reuters a
Published 11 Feb, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 58,333 tonnes of cargo comprising 33,689 tonnes of import cargo and 24,644 tonnes of export cargo including 2,837 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 33,689 tonne
Published 11 Feb, 2012 12:00am
Brazil's soya crop view wilts but corn jumps

Brazil's soya crop view wilts but corn jumps

Brazil's government pared back its forecast for soya production on Thursday as drought over the southern grain belt took its toll on yields, but it raised the estimate for corn, expecting winter planting to jump in the coming weeks. The fifth forecast of
Published 11 Feb, 2012 12:00am
Kenya raises coffee prices due to increased demand

Kenya raises coffee prices due to increased demand

Kenya has raised the price of its coffee seedlings due to increased demand and high production costs, officials said, a move which may squeeze out small coffee growers who dominate more than half the market. The soaring price of Kenyan coffee has caught t
Published 11 Feb, 2012 12:00am
Stable trend on grain market

Stable trend on grain market

Firmness prevailed on the wholesale gain and oilseeds market on Friday as most of the participants were busy in preparations for Juma prayers, grain, seed merchants group's press release said.
Published 11 Feb, 2012 12:00am
Brazil's Bahia cocoa crop falls

Brazil's Bahia cocoa crop falls

Deliveries of cocoa to warehouses in Brazil's top growing state Bahia slipped in the past week, the Bahia Commercial Association said, but output for the time of year has kept above average for weeks even as the main crop fades. Output from other states t
Published 11 Feb, 2012 12:00am
Message from Consul General of the Islamic Republic of Iran in Karachi

Message from Consul General of the Islamic Republic of Iran in Karachi

Today, 11 February is the 33rd anniversary of the victory of the Islamic revolution of Iran and establishment of the Islamic republic system in Iran. I, as a representative of the government of the Islamic Republic of Iran congratulate all the Muslims and
Published 11 Feb, 2012 12:00am
Some soul-searching questions

Some soul-searching questions

Talking of self-appraisal and self-regulation for the media may sound idealistic in what may be seen as a vicious circle of the well-established practices of media. Such set and standard media patterns may pertain to what are conceived as vested interests
Published 11 Feb, 2012 12:00am
KARACHI CHRONICLE: Birds in the urban jungle

KARACHI CHRONICLE: Birds in the urban jungle

Watching the magnificent and orderly passage of migratory birds returning to their home in the cold northern climes of the world, it was sad to see there were fewer birds in flight and that their migration began early, in the end of January. They usually
Published 11 Feb, 2012 12:00am
ART FACTS: Innovative and creative Revelations

ART FACTS: Innovative and creative Revelations

The pieces of art portraying various ideas and expressions in terracotta sculptures and ceramics with delicate details in cuts and curves delight the art lovers at IVS Gallery, Karachi of Indus Valley School of Art and Architecture titled "Revelations". I
Published 11 Feb, 2012 12:00am
Flowers speak the language of love

Flowers speak the language of love

From centuries, flowers especially Roses have been applied as powerful mean to pass on unique silent messages of love, appreciation and desire. Giving flowers on occasions of birthdays, anniversaries, Valentine's Day, or just to show hospitality is a univ
Published 11 Feb, 2012 12:00am
BRIDGE NOTES: All that is needed to know

BRIDGE NOTES: All that is needed to know

Bridge is not merely a game of skill and imagination. It is a game where the nerves of human beings are stretched to the full revealing their little switches of weakness. In other words, bridge is an exercise in psychology wherein one needs to be vigilant
Published 11 Feb, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 11 Feb, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 11 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 Friday (February 10, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover f
Published 11 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 11 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 Friday (February 10, 2012).

Published 11 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 Friday (February 10, 2012).

Published 11 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 Friday (February 10, 2012).

Published 11 Feb, 2012 12:00am
Balochistan Package: government failed to implement major demand

Balochistan Package: government failed to implement major demand

The government conceded before the Cabinet that it has not been able to implement one major demand of the people of Balochistan promised in Aghaaz-e-Haqooq-e-Balochistan Package (AHBP): constitution of a commission to investigate the circumstances of the
Published 11 Feb, 2012 12:00am
Balochistan Package: government failed to implement major demand

Balochistan Package: government failed to implement major demand

The government conceded before the Cabinet that it has not been able to implement one major demand of the people of Balochistan promised in Aghaaz-e-Haqooq-e-Balochistan Package (AHBP): constitution of a commission to investigate the circumstances of the
Published 11 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 Friday (February 10, 2012).

Published 11 Feb, 2012 12:00am
Murder of Rabbani: two held in Quetta: Afghan officials

Murder of Rabbani: two held in Quetta: Afghan officials

Two Afghan officials say Pakistan has arrested two people in connection with last year's assassination of a former Afghan president who was trying to broker peace with the Taliban. The officials told The Associated Press in Kabul the two were recently det
Published 11 Feb, 2012 12:00am
Murder of Rabbani: two held in Quetta: Afghan officials

Murder of Rabbani: two held in Quetta: Afghan officials

Two Afghan officials say Pakistan has arrested two people in connection with last year's assassination of a former Afghan president who was trying to broker peace with the Taliban. The officials told The Associated Press in Kabul the two were recently det
Published 11 Feb, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (February 10, 2012).
Published 11 Feb, 2012 12:00am
Asia giants join Iran diplomacy

Asia giants join Iran diplomacy

China said on Friday it would send a senior official to Tehran to discuss Iran's nuclear standoff with the West, and India indicated it would also weigh in, as Asia's two giants seek to head off new sanctions already playing havoc with trade. New financia
Published 11 Feb, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (February 10, 2012).

Published 11 Feb, 2012 12:00am
Asia giants join Iran diplomacy

Asia giants join Iran diplomacy

China said on Friday it would send a senior official to Tehran to discuss Iran's nuclear standoff with the West, and India indicated it would also weigh in, as Asia's two giants seek to head off new sanctions already playing havoc with trade. New financia
Published 11 Feb, 2012 12:00am
EU seeks India's help on Iran's nuclear programme

EU seeks India's help on Iran's nuclear programme

The European Union on Friday asked India to use its influence to bring Iran to the negotiating table over its nuclear programme, and Brussels and New Delhi expressed confidence on reaching a free trade deal this year. "We shared our deep concern on the Ir
Published 11 Feb, 2012 12:00am
EU seeks India's help on Iran's nuclear programme

EU seeks India's help on Iran's nuclear programme

The European Union on Friday asked India to use its influence to bring Iran to the negotiating table over its nuclear programme, and Brussels and New Delhi expressed confidence on reaching a free trade deal this year. "We shared our deep concern on the Ir
Published 11 Feb, 2012 12:00am
Indonesia says would study any barter approach from Iran

Indonesia says would study any barter approach from Iran

Indonesia, the world's top palm oil producer, would study any approach by Iran to trade by barter, it said on Friday, as tightening sanctions hurt Iran's ability to pay for basic staples. Western financial sanctions have crimped Iran's purchases of grain,
Published 11 Feb, 2012 12:00am
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