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Archive - 2012-02-18
Gilani inaugurates SSGC-LPG terminal
Top News

Gilani inaugurates SSGC-LPG terminal

KARACHI: Prime Minister Yousuf Raza Gilani on Saturday inaugurated Rs 2.5 billion first fully integrated SSGC-LPG termin
Published 18 Feb, 2012 04:31pm
BoK assets reach Rs 68bn
Top News

BoK assets reach Rs 68bn

LAHORE: Assets of Bank of Khyber (BoK) reached Rs 68 billion till December 31, 2011. This was stated by BoK Managing
Published 18 Feb, 2012 02:05pm
Shahbaz condemns drone attacks in NW
Top News

Shahbaz condemns drone attacks in NW

RECORDER REPORT LAHORE: Punjab Chief Minister Muhammad Shahbaz Sharif has condemned the drone attacks in North Waziri
Published 18 Feb, 2012 06:23am
Gas Malaysia IPO delays to Q2
Top News

Gas Malaysia IPO delays to Q2

KUALA LUMPUR : The proposed listing of Gas Malaysia Bhd in Malaysia has been delayed to the second quarter of 2012, it
Published 18 Feb, 2012 05:27am
Three-way trade to be enhanced
Top News

Three-way trade to be enhanced

NAVEED BUTT ISLAMABAD: Pakistan, Iran and Afghanistan would not accept any external pressure.
Heads of three stat
Published 18 Feb, 2012 05:05am
Bill Gates attends Obama fundraiser
Top News

Bill Gates attends Obama fundraiser

WASHINGTON: Billionaire philanthropist Bill Gates attended a campaign fundraiser for President Barack Obama on Friday, w
Published 18 Feb, 2012 04:15am
Sri Lanka crush Australia in rain-hit ODI

Sri Lanka crush Australia in rain-hit ODI

Sri Lanka posted their biggest-ever One-day international win over Australia in Sydney on Friday with a crushing eight-wicket tri-series ODI victory with 101 balls to spare. Sri Lanka bounced back into finals contention with a bonus-point victory on the D
Published 18 Feb, 2012 12:00am
Pietersen says Cook an inspiration

Pietersen says Cook an inspiration

Senior batsman Kevin Pietersen on Friday praised one-day captain Alastair Cook for the successive one-day hundreds that gave England an unassailable 2-0 lead against Pakistan in their four-match series. Cook hit 137 and 102 in the two wins in Abu Dhabi an
Published 18 Feb, 2012 12:00am
Australia set world record at Olympic test

Australia set world record at Olympic test

Australia set the first world record on the London Olympic cycling track when they bettered their own mark in the women's team sprint qualifying session in the World Cup series on Friday. World champions Anna Meares and Kaarle McCulloch clocked 32.828 to
Published 18 Feb, 2012 12:00am
Sri Lanka orders bank to pay player wages

Sri Lanka orders bank to pay player wages

Sri Lanka's sports minister has ordered the state-run Bank of Ceylon to settle the wages of national cricketers who have not been paid for over a year, a statement said on Friday. After several rounds of discussions between minister Mahindananda Aluthgama
Published 18 Feb, 2012 12:00am
Azarenka, Stosur reach Qatar semi-finals

Azarenka, Stosur reach Qatar semi-finals

World number one Victoria Azarenka won her 15th consecutive match of the season to make the semi-finals of the WTA Qatar Open on Friday. The Belarusian star defeated Yanina Wickmayer of Belgium 6-0, 6-4 to stay on course for a third title this year, after
Published 18 Feb, 2012 12:00am
Sterling up versus dollar

Sterling up versus dollar

Sterling rose to a one-week high against the dollar on Friday after an unexpected rise in January retail sales added to signs of an improving UK economy, wrongfooting investors who had geared up for a weak number. Retail sales jumped 0.9 percent on the mo
Published 18 Feb, 2012 12:00am
Won leads gains in Asia forex

Won leads gains in Asia forex

The South Korean won led gains in emerging Asian currencies on Friday as signs that a long-awaited Greek bailout deal was almost ready and strong US economic data gave investors confidence to rebuild some long positions they had scaled back this month. Th
Published 18 Feb, 2012 12:00am
Indian rupee flat

Indian rupee flat

The Indian rupee ended flat on Friday as gains from foreign fund inflows were negated by strong demand for dollars from oil importers. Traders ruled out near-term sharp volatility in the rupee, and said the unit is likely to remain largely rangebound with
Published 18 Feb, 2012 12:00am
Australian and New Zealand dollars climb

Australian and New Zealand dollars climb

The Australian and New Zealand dollars climbed to multi-month peaks against a depressed yen and rose against their US counterpart on Friday as hopes for a Greek deal renewed support for risk trades. The Antipodean currencies surged to levels not seen sinc
Published 18 Feb, 2012 12:00am
Euro rises in New York

Euro rises in New York

The euro rose against the US dollar on Thursday as hopes a Greek bond swap deal could be within reach boosted investor sentiment and risk tolerance. National central banks within the euro zone are set to exchange their holdings of Greek bonds into new bon
Published 18 Feb, 2012 12:00am
Early trade in New York: Euro climbs against dollar, yen

Early trade in New York: Euro climbs against dollar, yen

The euro climbed against the dollar and the yen on Friday on hopes for a rescue package for Greece, but gains were capped before a key meeting on Monday that could nail down an agreement. Greece edged closer to winning the 130 billion euro rescue as offic
Published 18 Feb, 2012 12:00am
Yen falls versus dollar, euro in London

Yen falls versus dollar, euro in London

The yen hit a 3-1/2 month low versus the dollar on Friday and a two-month low versus the euro as hopes Greece would secure a second bailout lifted appetite for risk, further undermining the Japanese unit after monetary easing by Japan earlier this week.
Published 18 Feb, 2012 12:00am
Dollar hits 3-1/2 month high versus yen in Asia

Dollar hits 3-1/2 month high versus yen in Asia

The dollar hit a 3-1/2 month high versus the yen on Friday as upbeat US economic data added fuel to a rally sparked by the Bank of Japan's monetary easing earlier in the week. The dollar's rise also gained steam on stop-loss buying, and active bids from J
Published 18 Feb, 2012 12:00am
Interbank rates at one-year low

Interbank rates at one-year low

Bank-to-bank euro lending rates fell to fresh one-year lows on Friday, hit by anticipation ahead of another huge injection of ECB long-term funds into the money market at the end of this month that some traders also bet will boost interbank lending. Havin
Published 18 Feb, 2012 12:00am
Yuan ends up

Yuan ends up

The yuan edged up against the dollar on Friday as the People's Bank of China fixed a slightly stronger mid-point, guiding the Chinese currency up slightly in line with a fall in the US dollar index the day before. The yuan appears to be moving in tandem w
Published 18 Feb, 2012 12:00am
Banks, miners push FTSE up

Banks, miners push FTSE up

Britain's top share index rose slightly by midday on Friday, with banks higher as investors cautiously awaited a Greek debt deal, retailers benefiting from strong UK sales data and M&A talk and miners also gaining. London's blue chip index rose 19.36 poin
Published 18 Feb, 2012 12:00am
European stocks rally

European stocks rally

European stocks rallied on Friday, with a key index hitting a level not seen since before the market's early August nosedive, fuelled by renewed expectations of a bailout deal for Greece that would further ease tensions over the euro zone debt crisis.
Published 18 Feb, 2012 12:00am
Australian stocks rise

Australian stocks rise

Australian shares rose 0.3 percent on Friday to close the week on a firmer note, buoyed by renewed hopes for a long-awaited bailout deal for Greece and led by a surge in the shares of surfwear maker Billabong International. Billabong jumped 46 percent to
Published 18 Feb, 2012 12:00am
Nikkei hits fresh six-month peak

Nikkei hits fresh six-month peak

Japan's Nikkei average rallied 1.6 percent on Friday to hit a fresh six-month high on signs that the US economic recovery is gathering pace and with expectations growing that Greece will obtain a long-awaited bailout next week. But market strategists said
Published 18 Feb, 2012 12:00am
Indian shares log seventh consecutive weekly rise

Indian shares log seventh consecutive weekly rise

Indian shares rose 0.8 percent on Friday to record their seventh straight weekly rise, their best run in nearly two years, bolstered by strong foreign fund inflows amid growing concerns the market has run up too fast in a short span of time. The benchmark
Published 18 Feb, 2012 12:00am
Treasuries decline

Treasuries decline

Treasuries prices fell on Thursday as US employment and other data showed a brightening economic picture and new reports indicated that Greece was getting closer to reaching an agreement to swap its debt and avoid a disorderly default. Data on Thursday sh
Published 18 Feb, 2012 12:00am
Treasuries decline

Treasuries decline

Treasuries prices fell on Thursday as US employment and other data showed a brightening economic picture and new reports indicated that Greece was getting closer to reaching an agreement to swap its debt and avoid a disorderly default. Data on Thursday sh
Published 18 Feb, 2012 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks rose 0.31 percent on Friday, joining regional bourses in gains sparked by firm US economic data and hopes that a deal over Greece's woes is close, with Ta Chong Bank limit up after a Reuters report that Carlyle Group has begun a process to s
Published 18 Feb, 2012 12:00am
Best day in two weeks lifts S&P to nine-month high

Best day in two weeks lifts S&P to nine-month high

The S&P 500 hit a nine-month high on Thursday, fuelled by strong US economic data and increased hopes for a deal on a Greek bailout next week. The benchmark index posted its strongest percentage gain in two weeks, bouncing back from several sessions of ba
Published 18 Feb, 2012 12:00am
Friday's midday trade: stocks hover near recent highs

Friday's midday trade: stocks hover near recent highs

US stocks hovered near recent highs on Friday, with investors wary of making big bets heading into a holiday weekend when hopes are set for Greece's bailout plan to be approved. The market also was seen pausing from its rally as earnings season winds down
Published 18 Feb, 2012 12:00am
Hong Kong, China shares extend winning streaks

Hong Kong, China shares extend winning streaks

Hong Kong shares rose on Friday, after robust US data and renewed optimism of a second bailout deal for Greece spurred investors to cover short positions in riskier sectors, lifting the Hang Seng Index to its seventh-straight weekly gain. Mainland Chinese
Published 18 Feb, 2012 12:00am
Seoul shares rally for seventh week

Seoul shares rally for seventh week

South Korea's benchmark KOSPI index closed up 1.3 percent on the busiest trading day in more than 2-1/2 years to mark a seventh consecutive week of gains as robust US economic data and hopes for a Greek bailout prompted foreign investors to resume buying.
Published 18 Feb, 2012 12:00am
Southeast Asian markets: Philippine index climbs to an all-time high

Southeast Asian markets: Philippine index climbs to an all-time high

Southeast Asian stock markets pushed higher on Friday as investors bought Philippine property, Indonesia consumer companies and banks in the region seeking growth picks as risk appetite improved. The region's stock markets gained back some ground lost ear
Published 18 Feb, 2012 12:00am
Gasoline pushes US inflation up

Gasoline pushes US inflation up

US gasoline prices jumped in January, leading overall consumer prices higher and offering a reminder of the risks energy costs pose to the economic recovery. Despite the warning signal, overall consumer prices rose just 0.2 percent, the Labour Department
Published 18 Feb, 2012 12:00am
Lehman creditors want Geithner in court

Lehman creditors want Geithner in court

Creditors of Lehman Brothers, whose bankruptcy three years ago set off a global financial crisis, have asked a federal court to force US Treasury Secretary Timothy Geithner to testify in a civil case.
Published 18 Feb, 2012 12:00am
China's Baidu reports surge in profit

China's Baidu reports surge in profit

China's leading Internet search engine, Baidu, has reported a nearly 77.0 percent surge in net profit for the fourth quarter, lifted by strong revenue growth. Earnings reached $326.3 million in the last three months of 2011, Baidu said in a statement rele
Published 18 Feb, 2012 12:00am
China's Baidu reports surge in profit

China's Baidu reports surge in profit

China's leading Internet search engine, Baidu, has reported a nearly 77.0 percent surge in net profit for the fourth quarter, lifted by strong revenue growth. Earnings reached $326.3 million in the last three months of 2011, Baidu said in a statement rele
Published 18 Feb, 2012 12:00am
EU lifts some Zimbabwe sanctions, Mugabe still listed

EU lifts some Zimbabwe sanctions, Mugabe still listed

The European Union partially lifted sanctions on Zimbabwe on Friday to encourage further progress in political reforms but kept restrictions on veteran President Robert Mugabe. The 27-nation EU removed a visa ban and assets freeze on 51 individuals and 20
Published 18 Feb, 2012 12:00am
Japan's cabinet approves tax hike plan

Japan's cabinet approves tax hike plan

Japan's cabinet on Friday approved a plan to double sales taxes as part of the government's move to rein in public debt as the rapidly ageing nation faces rising social welfare costs. If agreed by parliament, the package of reforms will see consumption ta
Published 18 Feb, 2012 12:00am
US House passes key tax, benefits bill

US House passes key tax, benefits bill

The US House of Representatives passed a compromise bill Friday extending a payroll tax cut and jobless benefits through 2012, measures aimed at boosting the US economy. The bill passed by a vote of 293 to 132 and nine abstentions, with broad support from
Published 18 Feb, 2012 12:00am
NYSE Euronext eyes London Metal Exchange

NYSE Euronext eyes London Metal Exchange

Transatlantic exchange operator NYSE Euronext is making a bid to buy the London Metal Exchange, a source close to the matter said Friday. "It's a really early process," the source told AFP, explaining that NYSE executives had met with their LME peers on W
Published 18 Feb, 2012 12:00am
Britain, France working on joint drones

Britain, France working on joint drones

Britain and France upped military co-operation Friday to include a joint combat drone programme, aircraft carrier, and combined monitoring of nuclear weapons arsenals all of which could cut defence costs on both sides of the Channel. British Prime Ministe
Published 18 Feb, 2012 12:00am
More work needed yet on elusive Greek bailout deal

More work needed yet on elusive Greek bailout deal

European leaders expressed optimism on Friday that Greece would secure a new rescue package worth 130 billion euros ($171 billion) though policymakers admitted urgent work was still needed to get its debt-cutting programme back on track. Luxembourg's Jean
Published 18 Feb, 2012 12:00am
Surprise jump in UK retail sales fuels recovery hopes

Surprise jump in UK retail sales fuels recovery hopes

British retail sales soared unexpectedly in January as Britons splashed out on furniture and sports goods, adding to signs that the economy is returning to growth. The Bank of England and the government are hoping that consumers will spend more this year
Published 18 Feb, 2012 12:00am
Obama, eyeing China, to boost export financing

Obama, eyeing China, to boost export financing

President Barack Obama will announce an effort to streamline financing for US exporters competing with foreign firms that get "unfair advantages," the White House said on Friday, as China's leader-in-waiting completes a US visit that has stoked trade tens
Published 18 Feb, 2012 12:00am
Singapore to stem rise in foreign workers, help poor

Singapore to stem rise in foreign workers, help poor

Singapore on Friday said it will spend billions of dollars more in areas such as healthcare and public transport but companies hoping to tap opportunities in some areas will have to do so with fewer foreign workers. "Our increasing dependence on foreign w
Published 18 Feb, 2012 12:00am
BoJ head defends new price goal, likens to Fed's target

BoJ head defends new price goal, likens to Fed's target

Bank of Japan Governor Masaaki Shirakawa said on Friday its new price goal was similar to that of the Federal Reserve's inflation target, countering criticism that it is not making a bold enough commitment to revive the flagging economy. In a surprise mov
Published 18 Feb, 2012 12:00am
Australia's ANZ posts $1.8 billion profit

Australia's ANZ posts $1.8 billion profit

Banking giant ANZ on Friday posted a first-quarter net profit of Aus$1.7 billion (US $1.8 billion) just days after announcing some 1,000 jobs will be axed due to tougher global conditions. The Australia and New Zealand Banking Group did not provide a year
Published 18 Feb, 2012 12:00am
Australia's ANZ posts $1.8 billion profit

Australia's ANZ posts $1.8 billion profit

Banking giant ANZ on Friday posted a first-quarter net profit of Aus$1.7 billion (US $1.8 billion) just days after announcing some 1,000 jobs will be axed due to tougher global conditions. The Australia and New Zealand Banking Group did not provide a year
Published 18 Feb, 2012 12:00am
Renault cuts stocks, boosts cash as market worsens

Renault cuts stocks, boosts cash as market worsens

Renault hunkered down to face a worsening European car market after using discounts to clear vehicle stocks, boost cash and cut debt to its lowest in 13 years by the end of 2011. Europe's auto market, which accounted for 57 percent of Renault's 2011 deliv
Published 18 Feb, 2012 12:00am
Canada's inflation up, rate pressure muted

Canada's inflation up, rate pressure muted

Canada's annual inflation rate rose more than expected in January, boosted by higher energy and transportation prices, but the increase is unlikely to spur the Bank of Canada to raise interest rates this year. The annual rate inched up to 2.5 percent in J
Published 18 Feb, 2012 12:00am
China to allow securitisation on local government debt

China to allow securitisation on local government debt

China may allow banks to securitise loans made to local governments under a pilot programme to help ward off potential risks in the banking sector, the 21st Century Herald reported on Friday, citing banking sources. China Development Bank, the largest cre
Published 18 Feb, 2012 12:00am
Spain clothes chain Mango expands to Sri Lanka

Spain clothes chain Mango expands to Sri Lanka

Spanish high-street clothing chain Mango has opened its first store in Sri Lanka, expanding its world-wide presence to a total of 106 countries, it said on Friday. "Mango is pursuing its international expansion and staying true to its aim of being present
Published 18 Feb, 2012 12:00am
Bill on Balochistan lands in US Congress

Bill on Balochistan lands in US Congress

A bill has been tabled in the US House of Representatives calling upon Pakistan to recognise the right of self-determination for Balochistan, a private TV channel reported late Friday night. Rep Dana Rohrabacher (R-CA) introduced a House Concurrent Resolu
Published 18 Feb, 2012 12:00am
Brazil economy ends 2011 in higher gear

Brazil economy ends 2011 in higher gear

Economic activity in Brazil rose 0.57 percent in December from November, the second increase in a row, adding evidence of a rebound in Latin America's largest economy after interest rate cuts and tax incentives. The central bank's IBC-Br economic activity
Published 18 Feb, 2012 12:00am
Bill on Balochistan lands in US Congress

Bill on Balochistan lands in US Congress

A bill has been tabled in the US House of Representatives calling upon Pakistan to recognise the right of self-determination for Balochistan, a private TV channel reported late Friday night. Rep Dana Rohrabacher (R-CA) introduced a House Concurrent Resolu
Published 18 Feb, 2012 12:00am
US Midwest corn and soya bids steady to firm

US Midwest corn and soya bids steady to firm

Spot basis bids for corn and soyabeans were mostly steady to firm around the US Midwest on Thursday, supported by the continued slow farmer offerings and better demand from elevators, ethanol plants and river terminals, dealers said. Few sales of either c
Published 18 Feb, 2012 12:00am
Resolution based on sheer ignorance: foreign office

Resolution based on sheer ignorance: foreign office

Reacting to the resolution, the Foreign Office said that the resolution is based on ignorance because Balochistan is an integral part of Pakistan and Pakistan cannot allow any country to interfere in its matters, according to a private TV channel.
Published 18 Feb, 2012 12:00am
Rates in ready deals marginally low as market waits for PCGA data

Rates in ready deals marginally low as market waits for PCGA data

Wait-and-see attitude adopted by the mills and ginners ahead of the Pakistan Cotton Ginners Association (PCGA) fortnightly data release on Saturday, dealers said. The official spot rate was unchanged at Rs 5,600, they said. Prices of seedcotton in Sindh w
Published 18 Feb, 2012 12:00am
Resolution based on sheer ignorance: foreign office

Resolution based on sheer ignorance: foreign office

Reacting to the resolution, the Foreign Office said that the resolution is based on ignorance because Balochistan is an integral part of Pakistan and Pakistan cannot allow any country to interfere in its matters, according to a private TV channel.
Published 18 Feb, 2012 12:00am
Activity at Karachi and Karachi ports

Activity at Karachi and Karachi ports

The Karachi Port handled 66,417 tonnes of cargo comprising1 34,658 tonnes of import cargo and 31,759 tonnes of export cargo including 3,948 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 34,658 tonn
Published 18 Feb, 2012 12:00am
31 killed in bombing outside mosque in Parachinar

31 killed in bombing outside mosque in Parachinar

A bomb exploded outside a mosque on Friday, killing at least 31 people, in north-western tribal region along the Afghan border, government officials said. The blast took place in Parachinar, the main city in the Kurram tribal district, as worshippers were
Published 18 Feb, 2012 12:00am
Italy's maize imports jump, soft wheat up

Italy's maize imports jump, soft wheat up

Imports of maize into Italy, a major grain buyer in Europe, jumped 30.7 percent year on year in the first 11 months of 2011 driven by strong feed-making demand while soft wheat imports rose 6.5 percent, Italian cereals body Anacer said on Friday. Maize im
Published 18 Feb, 2012 12:00am
31 killed in bombing outside mosque in Parachinar

31 killed in bombing outside mosque in Parachinar

A bomb exploded outside a mosque on Friday, killing at least 31 people, in north-western tribal region along the Afghan border, government officials said. The blast took place in Parachinar, the main city in the Kurram tribal district, as worshippers were
Published 18 Feb, 2012 12:00am
Canadian canola mostly eases

Canadian canola mostly eases

ICE Canadian canola mostly slipped on Thursday, weighed down by profit-taking and a stronger Canadian dollar, after touching a nearly five-month high, traders said. Nearby March canola has settled higher nine out of the past 10 sessions, and peaked on Thu
Published 18 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 Thursday on tight spot supplies and good demand prospects due to elevated prices in rival exporter Brazil, traders said. Chinese trade delegation signed agreements to buy more than 8 mil
Published 18 Feb, 2012 12:00am
Ukrainian traders agree to limit wheat exports

Ukrainian traders agree to limit wheat exports

Ukrainian grain traders have agreed to limit wheat exports to 1.7 million tonnes in February-July following a request from the government which is concerned about supply to the domestic market, Ekonomicheskie Izvestia newspaper reported on Friday.It quote
Published 18 Feb, 2012 12:00am
Ukraine exports 510,000 tonnes of grain in February

Ukraine exports 510,000 tonnes of grain in February

Ukraine exported about 510,000 tonnes of grain, mostly corn, in the first 15 days of February, Kiev-based ProAgro consultancy said on Thursday. ProAgro said Ukraine had exported about 417,000 tonnes of corn and 86,500 tonnes of wheat. No figures for the s
Published 18 Feb, 2012 12:00am
Ties with Iran won't be undermined by pressure of any kind: Zardari

Ties with Iran won't be undermined by pressure of any kind: Zardari

Pakistan's president vowed to continue with a proposed pipeline project with Iran despite American warnings of sanctions, saying Islamabad's relations with Tehran would not "be undermined by international pressure of any kind." Asif Ali Zardari made the c
Published 18 Feb, 2012 12:00am
HRW wheat bids steady

HRW wheat bids steady

US Plains hard red winter wheat basis bids were steady on Thursday amid slow farmer selling, traders said. The dormant crop was in good shape after recent rains and snow, the traders said, adding, however, that there were some areas in the southern Plains
Published 18 Feb, 2012 12:00am
Ties with Iran won't be undermined by pressure of any kind: Zardari

Ties with Iran won't be undermined by pressure of any kind: Zardari

Pakistan's president vowed to continue with a proposed pipeline project with Iran despite American warnings of sanctions, saying Islamabad's relations with Tehran would not "be undermined by international pressure of any kind." Asif Ali Zardari made the c
Published 18 Feb, 2012 12:00am
Rates unchanged on grain market

Rates unchanged on grain market

According to the grain and seed merchants group's press release, not a single change was seen on the wholesale grain and seed market on Friday.
Published 18 Feb, 2012 12:00am
Three-way trade to be enhanced

Three-way trade to be enhanced

Pakistan, Iran and Afghanistan would not accept any external pressure. Heads of three states, Asif Ali Zardari, Mahmoud Ahmadinejad and President Hamid Karzai expressed these views while addressing a joint news conference on Friday after signing the docum
Published 18 Feb, 2012 12:00am
For the love of McDonald's

For the love of McDonald's

What makes McDonald's the world's largest chain of fast food restaurants in the world? Is it because we serve around 68 million customers world-wide daily, or is it because we are present in 121 countries? Both these facts do play a significant role in ma
Published 18 Feb, 2012 12:00am
Three-way trade to be enhanced

Three-way trade to be enhanced

Pakistan, Iran and Afghanistan would not accept any external pressure. Heads of three states, Asif Ali Zardari, Mahmoud Ahmadinejad and President Hamid Karzai expressed these views while addressing a joint news conference on Friday after signing the docum
Published 18 Feb, 2012 12:00am
Popularity and history of prestigious brands

Popularity and history of prestigious brands

Luxury goods are products and services that are not considered essential and are associated with affluence. The concept of luxury has been present in various forms since the beginning of civilisation. Its role was just as important in ancient western and
Published 18 Feb, 2012 12:00am
Three-way trade to be enhanced

Three-way trade to be enhanced

Pakistan, Iran and Afghanistan would not accept any external pressure. Heads of three states, Asif Ali Zardari, Mahmoud Ahmadinejad and President Hamid Karzai expressed these views while addressing a joint news conference on Friday after signing the docum
Published 18 Feb, 2012 12:00am
Pakistan and the US: terrorism, politics and economy

Pakistan and the US: terrorism, politics and economy

The above is the impressive (translated) title of a book recently written by Dr Shahid Hassan Siddiqui, a career banker who, very logically, has now become an economic analyst, and writes for national newspapers. The fact that the book begins with reviews
Published 18 Feb, 2012 12:00am
World interbank system 'ready' to exclude Iran banks

World interbank system 'ready' to exclude Iran banks

SWIFT, the global interbank transfer network, said Friday it was ready to exclude Iranian banks from its system once the EU has enacted new sanctions to that effect against Tehran. "SWIFT stands ready to act and discontinue its services to sanctioned Iran
Published 18 Feb, 2012 12:00am
KARACHI CHRONICLE: St. Joseph's Convent School's 150th year

KARACHI CHRONICLE: St. Joseph's Convent School's 150th year

St Joseph's Convent School's 150th year was celebrated with a reunion dinner on Saturday 11 February. It went unnoticed by the media because, unfortunately, my young colleagues in the press and television channels are not interested in the social history
Published 18 Feb, 2012 12:00am
World interbank system 'ready' to exclude Iran banks

World interbank system 'ready' to exclude Iran banks

SWIFT, the global interbank transfer network, said Friday it was ready to exclude Iranian banks from its system once the EU has enacted new sanctions to that effect against Tehran. "SWIFT stands ready to act and discontinue its services to sanctioned Iran
Published 18 Feb, 2012 12:00am
ART FACTS: Pulsating vibrant colours of life

ART FACTS: Pulsating vibrant colours of life

Moin H Shah's art works show individuality in each genre of work may it be figurative, landscape or still-life. His paintings have a touch of expressionism in pulsating vibrant colours. His choice of medium is acrylic on canvas and on paper. The bold and
Published 18 Feb, 2012 12:00am
World interbank system ''ready'' to exclude Iran banks

World interbank system ''ready'' to exclude Iran banks

SWIFT, the global interbank transfer network, said Friday it was ready to exclude Iranian banks from its system once the EU has enacted new sanctions to that effect against Tehran. "SWIFT stands ready to act and discontinue its services to sanctioned Iran
Published 18 Feb, 2012 12:00am
Professional jealousy among medicos

Professional jealousy among medicos

Jealousy is a dangerous trait in the personality of a human being. History had witnessed empires falling down, properties ruined, people attacked and even killed. A psychological disorder known as 'Morbid Jealousy Syndrome' in which a spouse would suspect
Published 18 Feb, 2012 12:00am
'I won't answer your questions'

'I won't answer your questions'

Chief of Army Staff General Ashfaq Parvez Kayani Friday refused to answer media persons' questions, saying: "I will not give any answer to your questions." The Chief of Army Staff and ISI chief Lieutenant General Ahmed Shuja Pasha were also present at a j
Published 18 Feb, 2012 12:00am
An era of merit and distinction

An era of merit and distinction

With the passing away of Muhammad Zakir Ali Khan on February 8, an era of merit and distinction has come to an end. He was a true disciple of Sir Syed and torch bearer of the Aligarh spirit till his last breath. Born on July 8, 1926 in the princely State
Published 18 Feb, 2012 12:00am
'I won't answer your questions'

'I won't answer your questions'

Chief of Army Staff General Ashfaq Parvez Kayani Friday refused to answer media persons' questions, saying: "I will not give any answer to your questions." The Chief of Army Staff and ISI chief Lieutenant General Ahmed Shuja Pasha were also present at a j
Published 18 Feb, 2012 12:00am
Wind beneath my wings

Wind beneath my wings

As the shrill bell rings for lunch recess and children scamper outside to play and enjoy their break, one girl can be seen sitting forlornly in the classroom gazing at the blue skies and the birds soaring freely. The young girl is Mona, studying in the fo
Published 18 Feb, 2012 12:00am
Tehran hits out against foreign interference

Tehran hits out against foreign interference

Iranian President Mahmoud Ahmadinejad on Friday lashed out against foreign interference in the region at a summit in Pakistan designed to help chart a political solution in Afghanistan. Afghan President Hamid Karzai called for action rather than words aft
Published 18 Feb, 2012 12:00am
BRIDGE NOTES: Attack is the best defence

BRIDGE NOTES: Attack is the best defence

Today's deal takes us back to the US prestigious Bridge National Championship - the 1978 Reisinger National Championship played in Denver, Colorado in 1978 where east west cards were held by the America's world famous pair of its time Bobby Wolf and Bob H
Published 18 Feb, 2012 12:00am
Tehran hits out against foreign interference

Tehran hits out against foreign interference

Iranian President Mahmoud Ahmadinejad on Friday lashed out against foreign interference in the region at a summit in Pakistan designed to help chart a political solution in Afghanistan. Afghan President Hamid Karzai called for action rather than words aft
Published 18 Feb, 2012 12:00am
Nuclear bomb cannot bring superiority: Iran

Nuclear bomb cannot bring superiority: Iran

Iranian President Mahmoud Ahmadinejad said Friday that nuclear-armed nations were not superior to others, a day after his sanctions-hit government told world powers it was ready to resume stalled atomic talks. "(The) nuclear bomb is not going to bring abo
Published 18 Feb, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 18 Feb, 2012 12:00am
Nuclear bomb cannot bring superiority: Iran

Nuclear bomb cannot bring superiority: Iran

Iranian President Mahmoud Ahmadinejad said Friday that nuclear-armed nations were not superior to others, a day after his sanctions-hit government told world powers it was ready to resume stalled atomic talks. "(The) nuclear bomb is not going to bring abo
Published 18 Feb, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 18 Feb, 2012 12:00am
Pakistan talks tough on Taliban talks

Pakistan talks tough on Taliban talks

Federal Minister for Foreign Affairs Hina Rabbani Khar has said the parliament will take a decision on Nato supplies to Afghanistan through Pakistan. Talking to media after the announcement of a tripartite dialogue at President House on Friday, Hina Rabba
Published 18 Feb, 2012 12:00am
Pakistan talks tough on Taliban talks

Pakistan talks tough on Taliban talks

Federal Minister for Foreign Affairs Hina Rabbani Khar has said the parliament will take a decision on Nato supplies to Afghanistan through Pakistan. Talking to media after the announcement of a tripartite dialogue at President House on Friday, Hina Rabba
Published 18 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 17, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover f
Published 18 Feb, 2012 12:00am
Arson attack on tankers: cooking oil, ghee mills to go on strike today

Arson attack on tankers: cooking oil, ghee mills to go on strike today

Pakistan Vanaspati Manufacturers Association (PVMA) has announced to go on strike by shutting down ghee and cooking oil mills across the country from Saturday (February 18) following the burning of four National Logistic Cell's tankers carrying consignmen
Published 18 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 18 Feb, 2012 12:00am
Arson attack on tankers: cooking oil, ghee mills to go on strike today

Arson attack on tankers: cooking oil, ghee mills to go on strike today

Pakistan Vanaspati Manufacturers Association (PVMA) has announced to go on strike by shutting down ghee and cooking oil mills across the country from Saturday (February 18) following the burning of four National Logistic Cell's tankers carrying consignmen
Published 18 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 17, 2012).

Published 18 Feb, 2012 12:00am
Arson attack on tankers: cooking oil, ghee mills to go on strike today

Arson attack on tankers: cooking oil, ghee mills to go on strike today

Pakistan Vanaspati Manufacturers Association (PVMA) has announced to go on strike by shutting down ghee and cooking oil mills across the country from Saturday (February 18) following the burning of four National Logistic Cell''s tankers carrying consignme
Published 18 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 17, 2012).

Published 18 Feb, 2012 12:00am
Armed clash between rival groups leaves 12 injured

Armed clash between rival groups leaves 12 injured

An armed clash between two oil tankers' groups over a contract dispute turned the National Highway into a battlefield, leaving some 12 persons including a technician of a private TV channel injured. Four oil tankers were also set ablaze.
Published 18 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 17, 2012).

Published 18 Feb, 2012 12:00am
Armed clash between rival groups leaves 12 injured

Armed clash between rival groups leaves 12 injured

An armed clash between two oil tankers' groups over a contract dispute turned the National Highway into a battlefield, leaving some 12 persons including a technician of a private TV channel injured. Four oil tankers were also set ablaze.
Published 18 Feb, 2012 12:00am
Budget 2012-13: FBR mulling over marginal tax regime revival

Budget 2012-13: FBR mulling over marginal tax regime revival

One of the budgetary proposals for 2012-13 is to revive the marginal tax regime for all those sectors, enjoying tax exemptions under Income Tax Ordinance 2001. Sources told Business Recorder here on Friday that the FBR is examining a budget proposa
Published 18 Feb, 2012 12:00am
Budget 2012-13: FBR mulling over marginal tax regime revival

Budget 2012-13: FBR mulling over marginal tax regime revival

One of the budgetary proposals for 2012-13 is to revive the marginal tax regime for all those sectors, enjoying tax exemptions under Income Tax Ordinance 2001. Sources told Business Recorder here on Friday that the FBR is examining a budget proposa
Published 18 Feb, 2012 12:00am
Budget 2012-13: FBR mulling over marginal tax regime revival

Budget 2012-13: FBR mulling over marginal tax regime revival

One of the budgetary proposals for 2012-13 is to revive the marginal tax regime for all those sectors, enjoying tax exemptions under Income Tax Ordinance 2001. Sources told Business Recorder here on Friday that the FBR is examining a budget proposa
Published 18 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 17, 2012).

Published 18 Feb, 2012 12:00am
Trade with India: MoTI compels MoC to revisit negative list

Trade with India: MoTI compels MoC to revisit negative list

Ministry of Textile Industry, has, reportedly, compelled the Commerce Ministry to review the negative list prepared in haste, after hearing that the proposed arrangements will not only result in MFN status but a Free Trade Agreement (FTA) with a major imp
Published 18 Feb, 2012 12:00am
Trade with India: MoTI compels MoC to revisit negative list

Trade with India: MoTI compels MoC to revisit negative list

Ministry of Textile Industry, has, reportedly, compelled the Commerce Ministry to review the negative list prepared in haste, after hearing that the proposed arrangements will not only result in MFN status but a Free Trade Agreement (FTA) with a major imp
Published 18 Feb, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (February 17, 2012).
Published 18 Feb, 2012 12:00am
Trade with India: MoTI compels MoC to revisit negative list

Trade with India: MoTI compels MoC to revisit negative list

Ministry of Textile Industry, has, reportedly, compelled the Commerce Ministry to review the negative list prepared in haste, after hearing that the proposed arrangements will not only result in MFN status but a Free Trade Agreement (FTA) with a major imp
Published 18 Feb, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (February 17, 2012).

Published 18 Feb, 2012 12:00am
Psychological level breached

Psychological level breached

Bull-run continued on the Karachi share market on Friday on the back of aggressive buying by both local and foreign investors and the benchmark KSE-100 index breached 12,600 psychological level to hit 12,611.52 points intra-day high level. Profit taking i
Published 18 Feb, 2012 12:00am
Psychological level breached

Psychological level breached

Bull-run continued on the Karachi share market on Friday on the back of aggressive buying by both local and foreign investors and the benchmark KSE-100 index breached 12,600 psychological level to hit 12,611.52 points intra-day high level. Profit taking i
Published 18 Feb, 2012 12:00am
Psychological level breached

Psychological level breached

Bull-run continued on the Karachi share market on Friday on the back of aggressive buying by both local and foreign investors and the benchmark KSE-100 index breached 12,600 psychological level to hit 12,611.52 points intra-day high level. Profit taking i
Published 18 Feb, 2012 12:00am
BRIndex30 gains 64.69 points

BRIndex30 gains 64.69 points

On Friday, BRIndex30 opened at 9,485.20 and remained positive throughout the trading session. It touched an intraday high of 9,638.61 and an intraday low of 9,485.60 and closed at 9,549.89 which was 64.69 points or 0.68 percent higher than previous close.
Published 18 Feb, 2012 12:00am
BRIndex30 gains 64.69 points

BRIndex30 gains 64.69 points

On Friday, BRIndex30 opened at 9,485.20 and remained positive throughout the trading session. It touched an intraday high of 9,638.61 and an intraday low of 9,485.60 and closed at 9,549.89 which was 64.69 points or 0.68 percent higher than previous close.
Published 18 Feb, 2012 12:00am
Equities end in positive zone

Equities end in positive zone

Equities moved on both ways on the Lahore Stock Exchange on Friday and finally ended in positive zone amid ascending transaction volume on account of buying support in blue chips. The LSE-25 index was improved by 33.60 points and was ended at 3315.55 agai
Published 18 Feb, 2012 12:00am
Equities end in positive zone

Equities end in positive zone

Equities moved on both ways on the Lahore Stock Exchange on Friday and finally ended in positive zone amid ascending transaction volume on account of buying support in blue chips. The LSE-25 index was improved by 33.60 points and was ended at 3315.55 agai
Published 18 Feb, 2012 12:00am
ISE index gains 24.66 points

ISE index gains 24.66 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 24.66 points as the ISE Ten Index moved from 2,738.60
Published 18 Feb, 2012 12:00am
ISE index gains 24.66 points

ISE index gains 24.66 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 24.66 points as the ISE Ten Index moved from 2,738.60
Published 18 Feb, 2012 12:00am
Oil price fixation every fortnight

Oil price fixation every fortnight

The Ministry of Petroleum and Natural Resources has decided to fix petroleum product prices after every fortnight, it is learnt. According to a circular issued to relevant departments, the ministry said that petroleum product prices in the international m
Published 18 Feb, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (February 17, 2012).

Published 18 Feb, 2012 12:00am
Oil price fixation every fortnight

Oil price fixation every fortnight

The Ministry of Petroleum and Natural Resources has decided to fix petroleum product prices after every fortnight, it is learnt. According to a circular issued to relevant departments, the ministry said that petroleum product prices in the international m
Published 18 Feb, 2012 12:00am
Oil price fixation every fortnight

Oil price fixation every fortnight

The Ministry of Petroleum and Natural Resources has decided to fix petroleum product prices after every fortnight, it is learnt. According to a circular issued to relevant departments, the ministry said that petroleum product prices in the international m
Published 18 Feb, 2012 12:00am
LPG prices down by Rs 5 per kg

LPG prices down by Rs 5 per kg

Liquefied Petroleum Gas prices have been reduced by Rs five per kg ie Rs 65 per domestic cylinder and Rs 250 per commercial cylinder, effective from Friday. Oil and Gas Regulatory Authority (Ogra) is responsible to fix LPG prices, but the authority has no
Published 18 Feb, 2012 12:00am
LPG prices down by Rs 5 per kg

LPG prices down by Rs 5 per kg

Liquefied Petroleum Gas prices have been reduced by Rs five per kg ie Rs 65 per domestic cylinder and Rs 250 per commercial cylinder, effective from Friday. Oil and Gas Regulatory Authority (Ogra) is responsible to fix LPG prices, but the authority has no
Published 18 Feb, 2012 12:00am
LPG prices down by Rs 5 per kg

LPG prices down by Rs 5 per kg

Liquefied Petroleum Gas prices have been reduced by Rs five per kg ie Rs 65 per domestic cylinder and Rs 250 per commercial cylinder, effective from Friday. Oil and Gas Regulatory Authority (Ogra) is responsible to fix LPG prices, but the authority has no
Published 18 Feb, 2012 12:00am
Supreme Court directs Punjab government to reinstate PIC doctors

Supreme Court directs Punjab government to reinstate PIC doctors

The Supreme Court on Friday directed Punjab government to reinstate the doctors, suspended after spurious drugs killed a very large number of patients in a public sector hospital in Lahore, saying nobody can be suspended unless responsibility is fixed.
Published 18 Feb, 2012 12:00am
Supreme Court directs Punjab government to reinstate PIC doctors

Supreme Court directs Punjab government to reinstate PIC doctors

The Supreme Court on Friday directed Punjab government to reinstate the doctors, suspended after spurious drugs killed a very large number of patients in a public sector hospital in Lahore, saying nobody can be suspended unless responsibility is fixed.
Published 18 Feb, 2012 12:00am
Railways to get Rs 6.1 billion to revamp locomotives

Railways to get Rs 6.1 billion to revamp locomotives

The government on Friday gave green signal to the Ministry of Railways for provision of Rs 6.1 billion to revamp locomotives, it is reliably learnt. Sources said Prime Minister Yousuf Raza Gilani was given briefing on the business plan of Pakistan Railway
Published 18 Feb, 2012 12:00am
Railways to get Rs 6.1 billion to revamp locomotives

Railways to get Rs 6.1 billion to revamp locomotives

The government on Friday gave green signal to the Ministry of Railways for provision of Rs 6.1 billion to revamp locomotives, it is reliably learnt. Sources said Prime Minister Yousuf Raza Gilani was given briefing on the business plan of Pakistan Railway
Published 18 Feb, 2012 12:00am
Railways to get Rs 6.1 billion to revamp locomotives

Railways to get Rs 6.1 billion to revamp locomotives

The government on Friday gave green signal to the Ministry of Railways for provision of Rs 6.1 billion to revamp locomotives, it is reliably learnt. Sources said Prime Minister Yousuf Raza Gilani was given briefing on the business plan of Pakistan Railway
Published 18 Feb, 2012 12:00am
Euro banks embrace liability management extension trades

Euro banks embrace liability management extension trades

European banks are starting to change strategy on liability management, using extension trades to push back the maturity of bonds and get greater control over their outstanding debt. A tool long utilised by corporates, the extension trade is now being emb
Published 18 Feb, 2012 12:00am
Euro banks embrace liability management extension trades

Euro banks embrace liability management extension trades

European banks are starting to change strategy on liability management, using extension trades to push back the maturity of bonds and get greater control over their outstanding debt. A tool long utilised by corporates, the extension trade is now being emb
Published 18 Feb, 2012 12:00am
Euro banks embrace liability management extension trades

Euro banks embrace liability management extension trades

European banks are starting to change strategy on liability management, using extension trades to push back the maturity of bonds and get greater control over their outstanding debt. A tool long utilised by corporates, the extension trade is now being emb
Published 18 Feb, 2012 12:00am
Euro banks embrace liability management extension trades

Euro banks embrace liability management extension trades

European banks are starting to change strategy on liability management, using extension trades to push back the maturity of bonds and get greater control over their outstanding debt. A tool long utilised by corporates, the extension trade is now being emb
Published 18 Feb, 2012 12:00am
Tax frauds: FBR implements new preventive system

Tax frauds: FBR implements new preventive system

The Federal Board of Revenue (FBR) for the first time implemented a new preventive system, which has enabled the tax officials to stop processing suspected refund claims prior to happening of tax frauds/financial crime-unique concept of conveying tax offi
Published 18 Feb, 2012 12:00am
Tax frauds: FBR implements new preventive system

Tax frauds: FBR implements new preventive system

The Federal Board of Revenue (FBR) for the first time implemented a new preventive system, which has enabled the tax officials to stop processing suspected refund claims prior to happening of tax frauds/financial crime-unique concept of conveying tax offi
Published 18 Feb, 2012 12:00am
Tax frauds: FBR implements new preventive system

Tax frauds: FBR implements new preventive system

The Federal Board of Revenue (FBR) for the first time implemented a new preventive system, which has enabled the tax officials to stop processing suspected refund claims prior to happening of tax frauds/financial crime-unique concept of conveying tax offi
Published 18 Feb, 2012 12:00am
Italian police order seizure of fake US bonds

Italian police order seizure of fake US bonds

Italian anti-mafia prosecutors Friday ordered the seizure in Switzerland of fake US Treasury bonds with a face value of $6.0 trillion (7.9 trillion euros) - or over a third of US national debt. The bonds were found hidden in false compartments in three sa
Published 18 Feb, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 18 Feb, 2012 12:00am
Italian police order seizure of fake US bonds

Italian police order seizure of fake US bonds

Italian anti-mafia prosecutors Friday ordered the seizure in Switzerland of fake US Treasury bonds with a face value of $6.0 trillion (7.9 trillion euros) - or over a third of US national debt. The bonds were found hidden in false compartments in three sa
Published 18 Feb, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 18 Feb, 2012 12:00am
Italian police order seizure of fake US bonds

Italian police order seizure of fake US bonds

Italian anti-mafia prosecutors Friday ordered the seizure in Switzerland of fake US Treasury bonds with a face value of $6.0 trillion (7.9 trillion euros) - or over a third of US national debt. The bonds were found hidden in false compartments in three sa
Published 18 Feb, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Feb, 2012 12:00am
German president resigns in setback for Merkel

German president resigns in setback for Merkel

Angela Merkel's hand-picked choice for the ceremonial post of president resigned on Friday in a scandal over political favours, dealing a blow to the German chancellor in the midst of the euro zone debt crisis. In a curt five-minute statement at the Belle
Published 18 Feb, 2012 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 18 Feb, 2012 12:00am
German president resigns in setback for Merkel

German president resigns in setback for Merkel

Angela Merkel's hand-picked choice for the ceremonial post of president resigned on Friday in a scandal over political favours, dealing a blow to the German chancellor in the midst of the euro zone debt crisis. In a curt five-minute statement at the Belle
Published 18 Feb, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Feb, 2012 12:00am
German president resigns in setback for Merkel

German president resigns in setback for Merkel

Angela Merkel''s hand-picked choice for the ceremonial post of president resigned on Friday in a scandal over political favours, dealing a blow to the German chancellor in the midst of the euro zone debt crisis. In a curt five-minute statement at the Bell
Published 18 Feb, 2012 12:00am
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