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Archive - 2012-02-25
Pakistan demolishing bin Laden compound
Top News

Pakistan demolishing bin Laden compound

PESHAWAR: Security forces on Saturday began demolishing the compound where Osama bin Laden was killed in a covert US rai
Published 25 Feb, 2012 05:15pm
Polling concludes in Multan, Vehari
Top News

Polling concludes in Multan, Vehari

  MULTAN: Polling process concluded at 514 polling stations in Multan for by-election in NA 148 and 149 constituencies
Published 25 Feb, 2012 04:38pm
3 gas pipelines blown up in Dera Bugti
Top News

3 gas pipelines blown up in Dera Bugti

QUETTA: Unknown men suspending gas supply to the plant blew up three gas pipeline in the Pir Koh area of Dera Bugti here
Published 25 Feb, 2012 02:48pm
Commodities rates in Lahore
Markets

Commodities rates in Lahore

LAHORE: Agriculture Marketing Information Service Punjab (AMISP) issued rates of agriculture products in local market on
Published 25 Feb, 2012 12:59pm
NA session on March 1
Pakistan

NA session on March 1

ISLAMABAD: President Asif Ali Zardari on the advice of Prime Minister Syed Yousuf Raza Gilani has summoned the National
Published 25 Feb, 2012 12:02pm
Polling for 6 NA, 4 PA seats begins
Top News

Polling for 6 NA, 4 PA seats begins

KARACHI: Polling has begun for by-elections in six constituencies of the National Assembly and four in the Provincial As
Published 25 Feb, 2012 06:49am
Tunis declaration on Syria
Top News

Tunis declaration on Syria

TUNIS : Here are the main points from the final declaration of the Group of Friends of the Syrian People gathering more
Published 25 Feb, 2012 04:21am
First instalment of $399mn paid to IMF
Top News

First instalment of $399mn paid to IMF

RECORDER REPORT KARACHI: Pakistan on Friday successfully paid the first instalment of 258.4 million SDRs (dollars 399
Published 25 Feb, 2012 04:05am
Indian parliamentary team visits Punjab Assembly

Indian parliamentary team visits Punjab Assembly

A 17-member Indian parliamentary delegation, headed by Lok Sabha Speaker Meira Kumar, visited Punjab Assembly on Friday. Punjab Assembly Speaker Rana Muhammad Iqbal greeted the delegation. Speaking on the occasion, Lok Sabha Speaker Meira Kumar expressed
Published 25 Feb, 2012 12:00am
PML-N and PML-L all set for reunion

PML-N and PML-L all set for reunion

The struggle of Pakistan Muslim League-Likeminded (PML-L) leaders for reunion with Pakistan Muslim League-Nawaz (PML-N) has finally borne fruit, as the central command of the party may soon catch the bus of their former boss -Nawaz Sharif. The disappointm
Published 25 Feb, 2012 12:00am
Aptma seeks relief package

Aptma seeks relief package

Chairman, All Pakistan Textile Mills Association (Aptma), Mohsin Aziz, has urged government to announce a relief package for textile industry which badly hit by unprecedented electricity and gas crisis. He said there is an urgent need of rescheduling of l
Published 25 Feb, 2012 12:00am
Wateen begins 'Wateen Scouts'

Wateen begins 'Wateen Scouts'

Wateen Telecom is proud to present 'Wateen Scouts', a revolutionary new youth movement which went live this week on Wateen's Facebook page. Wateen Scouts is a platform for the youth of Pakistan to step forward and present their innovative ideas for making
Published 25 Feb, 2012 12:00am
Minister directs Pepco to make domestic consumers a priority

Minister directs Pepco to make domestic consumers a priority

Federal Minister for Water and Power, Naveed Qamar has directed the Pepco to put domestic consumers on top priority against the industrial ones so far as power supply is concerned. Reliable sources said there are clear-cut instructions that power supply t
Published 25 Feb, 2012 12:00am
'Durpa' fair held

'Durpa' fair held

Chief Executive Officer Small and Medium Enterprises Development Authority (Smeda) said on Friday that Pakistan's exports can be enhanced by enabling local SMEs to showcase their products in the international trade fairs. He was addressing a presentation
Published 25 Feb, 2012 12:00am
Sukkur IBA ranked fourth among top business schools

Sukkur IBA ranked fourth among top business schools

Higher Education Commission here has issued ranking of the universities of Pakistan. This is really a big achievement for Sukkur IBA to be ranked among the top five business education schools listed by HEC in a very short span of time. Institutions take d
Published 25 Feb, 2012 12:00am
May 12 carnage: SHC issues notice to Musharraf

May 12 carnage: SHC issues notice to Musharraf

The Sindh High Court (SHC) on Friday issued a notice to former president Pervez Musharraf in a case pertaining to May 12, 2007 carnage in Karachi. According to a private television channel, a request was also forwarded to Chief Justice Iftikhar Mohammad C
Published 25 Feb, 2012 12:00am
Insurance industry: SECP announces list of approved auditors

Insurance industry: SECP announces list of approved auditors

In order to promote the sound development and strengthen the policyholders/shareholders confidence in the insurance industry, Securities and Exchange Commission of Pakistan (SECP) is constantly exploring ways and means to bring the insurance industry on a
Published 25 Feb, 2012 12:00am
I&C cell of KMC closed down

I&C cell of KMC closed down

The Implementation and Co-ordination (I&C) cell of Karachi Metropolitan Corporation (KMC) has been closed down by the concerned authorities due to what sources said ineffectiveness of the department, it is learnt on Friday. However, no official notificati
Published 25 Feb, 2012 12:00am
Habib Bank's profit after tax rises to Rs 20.741 billion

Habib Bank's profit after tax rises to Rs 20.741 billion

The profit after tax of Habib Bank Limited has increased to Rs 20.741 billion in the year ended December 31, 2011 as compared to Rs 15.613 billion earned in the year 2010. The bank's earning per share increased to Rs 18.82 in the period under review again
Published 25 Feb, 2012 12:00am
Habib Bank's profit after tax rises to Rs 20.741 billion

Habib Bank's profit after tax rises to Rs 20.741 billion

The profit after tax of Habib Bank Limited has increased to Rs 20.741 billion in the year ended December 31, 2011 as compared to Rs 15.613 billion earned in the year 2010. The bank's earning per share increased to Rs 18.82 in the period under review again
Published 25 Feb, 2012 12:00am
Nishat Mills posts Rs 1.901 billion profit after tax

Nishat Mills posts Rs 1.901 billion profit after tax

Nishat Mills Limited has posted Rs 1.901 billion as profit after tax in the half year period ended December 31, 2011, as compared to Rs 2.058 billion earned in the corresponding period in 2010. The Board of Directors of the company in its meeting held on
Published 25 Feb, 2012 12:00am
Nishat Mills posts Rs 1.901 billion profit after tax

Nishat Mills posts Rs 1.901 billion profit after tax

Nishat Mills Limited has posted Rs 1.901 billion as profit after tax in the half year period ended December 31, 2011, as compared to Rs 2.058 billion earned in the corresponding period in 2010. The Board of Directors of the company in its meeting held on
Published 25 Feb, 2012 12:00am
By-elections: public holiday declared in Badin, Hyderabad

By-elections: public holiday declared in Badin, Hyderabad

On special directives of the Election Commission of Pakistan (ECP), Commissioner Hyderabad Division Ahmed Bux Narejo on Friday declared public holiday in Badin and Hyderabad districts as well Taluka Hyderabad Rural of Hyderabad district on Saturday with t
Published 25 Feb, 2012 12:00am
Steel mill established in EPZ to commence production soon

Steel mill established in EPZ to commence production soon

Tawarruk Steel Mill established in Export Processing Zone (EPZ) will commence production in next one to two months, Chairman Export Processing Zone Authority (EPZA), Muhammad Tariq Hassan informed business community. Addressing members of Karachi Chamber
Published 25 Feb, 2012 12:00am
Energy shortages hinder growth

Energy shortages hinder growth

Unplanned power outages lasting up to 10 hours are affecting businesses and the general population in Pakistan, slowing the country's stuttering economy even further and mounting pressure on the government to address the issue.
Published 25 Feb, 2012 12:00am
Ice-breaking talks

Ice-breaking talks

Since early last year when a CIA contractor murdered three Pakistanis in Lahore the Pak-US relationship has been deteriorating losing warmth which was never in clear evidence at the public level throughout their Taliban-centred anti-terrorism co-operation
Published 25 Feb, 2012 12:00am
Germany must treat Greece with affection

Germany must treat Greece with affection

Finance Minister of Greece together with his counterparts from 16 other eurozone nations as well as the Managing Director of the International Monetary Fund Christine Legarde agreed to provide Greece with an additional 170 billion dollars (euros 130 billi
Published 25 Feb, 2012 12:00am
Give capitalism a chance in Balochistan

Give capitalism a chance in Balochistan

The current [package that I have read is not going to make matters any better but worse. The intentions are all very well but the package is a piece of paper that has been conceived by some one who had either no information on Balochistan nor did they hav
Published 25 Feb, 2012 12:00am
Free and fair trade

Free and fair trade

The global trading regime is considered to be a key driver of economic growth for countries struggling to attain better global economic status through trade. However, at this crucial time major trading economies like America are adopting protectionist pol
Published 25 Feb, 2012 12:00am
BP's Deepwater Horizon spill comes to court

BP's Deepwater Horizon spill comes to court

There are 535 individual lawsuits, 120,000 plaintiffs and 72 million documents relating to the Deepwater Horizon oil spill. The US federal government, several states and various local government authorities are suing BP and its associated companies for th
Published 25 Feb, 2012 12:00am
Jewels of Wana

Jewels of Wana

The unprecedented and incredible efforts of Army are bearing fruit. One such example is Cadet College Wana. The initiative of the Federal government and under the supervision of Pakistan Army, it is one step forward in giving awareness and education to th
Published 25 Feb, 2012 12:00am
CNICs or NTNs of unregistered buyers: FBR issues new procedure

CNICs or NTNs of unregistered buyers: FBR issues new procedure

The Federal Board of Revenue (FBR) has issued detailed procedure for providing Computerised National Identity Card Numbers (CNICs) or National Tax Number (NTNs) of the unregistered buyers through a new notification here on Friday whereas the old SRO.821(I
Published 25 Feb, 2012 12:00am
School blown up in Swabi

School blown up in Swabi

Unknown miscreants blew a Government Primary School Jungel Khel at Khutt Kaly, police said on Friday. According to details, miscreants have planted explosive materials at the main gate of primary school and detonated it with remote controlled device. The
Published 25 Feb, 2012 12:00am
Khyber Pakhtunkhwa government rules out possibility of BoK privatisation

Khyber Pakhtunkhwa government rules out possibility of BoK privatisation

Khyber-Pakhtunkhwa government has ruled out any deal for privatisation of Bank of Khyber (BoK), but mere selling 26 percent share of the Bank for brining change in the exiting management. The government has no intention to sell out a revenue generating Ba
Published 25 Feb, 2012 12:00am
Officers on Special Duty: FBR to restore double pay package

Officers on Special Duty: FBR to restore double pay package

The Federal Board of Revenue (FBR) has decided to restore double pay package or special allowance of tax officials, who were made Officers on Special Duty (OSD). Sources told Business Recorder here on Friday that the decision had been taken in the
Published 25 Feb, 2012 12:00am
Customs houses, LTUs, RTOs to remain open today

Customs houses, LTUs, RTOs to remain open today

Federal Board of Revenue (FBR) on Friday directed all the Model Customs Collectorates to remain open on Saturday, as normal working days in order to facilitate the trade and industry in getting their cargo cleared for imports and exports. It also directed
Published 25 Feb, 2012 12:00am
July 2011 to February 2012: ADB becomes largest assistance provider

July 2011 to February 2012: ADB becomes largest assistance provider

Pakistan has received $1.1 billion as foreign assistance from July 2011 to February 2012 while the Asian Development Bank (ADB) was the largest donor by releasing $470 million to the country during this period. Data available with this scribe shows that t
Published 25 Feb, 2012 12:00am
Arrival of dignitaries: foreign Office yet to make payment to CDA

Arrival of dignitaries: foreign Office yet to make payment to CDA

Despite the objection of federal audit authorities, Foreign Office (FO) has yet to pay over Rs 1,16.2 million to Capital Development Authority (CDA), which the civic agency had spent on the decoration of the metropolis during the arrival of foreign dignit
Published 25 Feb, 2012 12:00am
US committed to assisting Pakistan in power sector: Melissa

US committed to assisting Pakistan in power sector: Melissa

Energy Office Director USAID Mission to Pakistan, Melissa Knight on Friday said that United States (US) is committed to assisting the government of Pakistan in improving the power distribution system in order to cope with the energy crisis.
Published 25 Feb, 2012 12:00am
IMF optimistic about Indo-Pak trade

IMF optimistic about Indo-Pak trade

The Interna-tional Monetary Fund (IMF) has said that trade between India and Pakistan is expected to accelerate after the grant of most favoured nation (MFN) status to India by Pakistan.
Published 25 Feb, 2012 12:00am
Farmers for extension of milk, meat project in Khyber Pakhtunkhwa

Farmers for extension of milk, meat project in Khyber Pakhtunkhwa

Livestock and Dairy farmers have demanded for further extension of milk and meat development project, saying that livestock and dairy products made substantial growth after launching the project in two districts of the Khyber Pakhtunkhwa.
Published 25 Feb, 2012 12:00am
IHC CJ constitutes seven benches for next week

IHC CJ constitutes seven benches for next week

Chief Justice of Islamabad High Court (IHC), Hameed-ur-Rehman has constituted five single benches and two division benches to hear a number of cases for next week starting from Monday (February 27). Five single benches include Justice Riaz Ahmed Khan, Jus
Published 25 Feb, 2012 12:00am
MUET, Siemens hold seminar on energy

MUET, Siemens hold seminar on energy

Faculty of Electrical, Electronics, & Computer Engineering Mehran University of Engineering & Technology (MUET) in collaboration with Siemens Pakistan organised technical seminar on Strategic Network Planning for Pakistan's growing energy needs in the cou
Published 25 Feb, 2012 12:00am
Food sector's profit up

Food sector's profit up

Despite all odds, major listed food sector companies showed a strong growth and its profit after tax increased to Rs 12.304 billion in the year 2011, up 25 percent as compared with the same period of 2010. The topline of the sample listed Fast Moving Cons
Published 25 Feb, 2012 12:00am
Food sector's profit up

Food sector's profit up

Despite all odds, major listed food sector companies showed a strong growth and its profit after tax increased to Rs 12.304 billion in the year 2011, up 25 percent as compared with the same period of 2010. The topline of the sample listed Fast Moving Cons
Published 25 Feb, 2012 12:00am
Two vehicles torched after murder of ANP activist

Two vehicles torched after murder of ANP activist

Following the killing of ANP worker, tension prevailed in several parts of Sohrab Goth where unidentified miscreants resorted to gunfire and torched two vehicles in the limits of Sohrab Goth police station on Friday. According to police, an activist of AN
Published 25 Feb, 2012 12:00am
Woman strangled

Woman strangled

Strangulated body of a woman was found from her house located in the Bin Qasim area in the limits of Ibrahim Hyderi police station, here on Friday. According to police, the victim, identified as Alima Bibi, 55, wife of Late Nabi Bux, was the resident of s
Published 25 Feb, 2012 12:00am
Ibad inaugurates underground parking, Baradari Park

Ibad inaugurates underground parking, Baradari Park

Sindh Governor Dr Ishrat-ul-Ibad inaugurated a double-storey underground car parking and the recently restored Baradari Park here on Friday. Administrator KMC Muhammad Hussain Syed, Municipal Commissioner Matanat Ali Khan, Director Technical Services Alta
Published 25 Feb, 2012 12:00am
Residents stage protest demonstration against mysterious fire

Residents stage protest demonstration against mysterious fire

Following the fire that mysteriously broke out in a shanty town namely Umer Jokhio Goth and turned some 85 huts into ashes, the inhabitants of the Goth staged protest demonstration against the land mafia. According to eye-witnesses, the fire has completel
Published 25 Feb, 2012 12:00am
Bank branches to remain open till 10 pm on February 29

Bank branches to remain open till 10 pm on February 29

The State Bank of Pakistan has announced that the SBP Banking Services Corporation and all its field offices will remain open on February 29, 2012, (Wednesday) till 10 pm to facilitate tax collection. NIFT will also remain open on the same date for both f
Published 25 Feb, 2012 12:00am
Aircraft crash Pilots laid to rest

Aircraft crash Pilots laid to rest

A woman pilot Anita Qureshi and trainee pilot Waqar Asif, who died in a small aircraft crash in Lahore on Thursday, were laid to rest in their hometowns on Friday. According to details, the bodies of both victims arrived at Karachi on Friday where the bod
Published 25 Feb, 2012 12:00am
Sindh Senate seats: only 10 candidates to contest elections

Sindh Senate seats: only 10 candidates to contest elections

Sindh would go for election of 10 out of 12 Senate seats because PPP, MQM and PML-F failed to convince Arbab Ghulam Rahim to get unopposed all their candidates because PML-LM's three candidates have not submitted their withdrawals. Election Commission of
Published 25 Feb, 2012 12:00am
MAP, AIMA sign MoU to promote professional management

MAP, AIMA sign MoU to promote professional management

With a view to promoting interaction between management professionals of Pakistan and India, the apex management bodies of Pakistan and India ie Management Association of Pakistan (MAP) and All India Management Association (AIMA) signed a MoU, on the occa
Published 25 Feb, 2012 12:00am
British Council's Employers Fair held at University of Manchester

British Council's Employers Fair held at University of Manchester

The British Council's Employers Fair was held at University of Manchester on Wednesday, which was highly appreciated. United Energy Pakistan, in addition to other employers, were quoted saying they were extremely pleased with the quality of students they
Published 25 Feb, 2012 12:00am
US MIDDAY: gold dips

US MIDDAY: gold dips

Gold prices fell on Friday, breaking ranks with the euro, as sharp gains from earlier in the week based on economic optimism and a Greek bailout deal prompted investors to take profits. Silver touched a five-month high after climbing past its 200-day movi
Published 25 Feb, 2012 12:00am
US MIDDAY: copper surges

US MIDDAY: copper surges

In New York, the March COMEX contract jumped 5.70 cents or 1.5 percent to settle at $3.8630 per lb on Friday, after dealing between $3.7825 and $3.8825. Volumes surged to more than a quarter above their 30-day average, above 87,000 lots in late New York t
Published 25 Feb, 2012 12:00am
US MIDDAY: spring wheat tumbles

US MIDDAY: spring wheat tumbles

US spring wheat futures tumbled to the lowest level in nearly 14 months on expectations for a bumper crop this year, while the price for December new-crop corn slumped to a one-month low on prospects for a record harvest. At 10:15 am CST (1615 GMT), Chica
Published 25 Feb, 2012 12:00am
Gold falls in London

Gold falls in London

Gold prices retreated on Friday, shrugging off gains in the euro and struggling to maintain traction after a hefty rise this week, as buyers favoured assets seen as higher risk such as stocks and industrial commodities. Silver outperformed other precious
Published 25 Feb, 2012 12:00am
Gold lower in Asia

Gold lower in Asia

Gold edged lower on Friday, after a four-day winning streak that sent prices to a three-month top in the previous session, while progress in solving Greece's debt crisis and a recent weakness in the dollar has put bullion on track for a rise this week.
Published 25 Feb, 2012 12:00am
Gold rises in New York

Gold rises in New York

Gold rose to a three-month high on Thursday, extending to a fourth straight day of gains, as a dollar drop and expectations of easy monetary policies underpinned gold's inflation hedge appeal. Profit taking weighed on platinum price, which eased after tou
Published 25 Feb, 2012 12:00am
Raw sugar climbs

Raw sugar climbs

ICE raw sugar futures extended their gains and hit a four-month high on Friday, with March's steep premium over the May contract easing slightly, while cocoa consolidated in mixed dealings and coffee rose. Raw sugar felt a lift on concerns about nearby su
Published 25 Feb, 2012 12:00am
Palm oil rises

Palm oil rises

Malaysian crude palm oil futures closed higher on Friday, although gains were capped as investors were wary that rising oil prices could hurt global economic growth and commodity demand. Emerging concerns that No 2 edible oil consumer China's demand for t
Published 25 Feb, 2012 12:00am
Wheat drops

Wheat drops

US spring wheat futures dropped 2.1 percent to a near one-month low on Thursday after the US Agriculture Department raised its planted-acreage forecast and in reaction to weather forecasts that boosted prospects for a large crop this year, traders said.
Published 25 Feb, 2012 12:00am
Tokyo rubber futures slip

Tokyo rubber futures slip

The benchmark Tokyo rubber futures contract inched lower on Friday on profit-taking ahead of the weekend after prices rallied to a fresh 5-month high, but firm oil prices helped limit losses, dealers said. The newly launched benchmark contract on the Toky
Published 25 Feb, 2012 12:00am
Brent rises above $125

Brent rises above $125

Brent crude prices pushed above $125 a barrel on Friday and headed for a fifth straight weekly gain on heightened concerns over tensions with Iran and cuts in supply. News that Iran has sharply stepped up its controversial uranium enrichment efforts, in a
Published 25 Feb, 2012 12:00am
Copper rises, head for hefty gains

Copper rises, head for hefty gains

Copper rose on Friday as the euro edged higher, with the metal on track to post its biggest weekly gain in a month, but caution about the outlook for economic growth and demand from top consumer China capped further gains for the metal. Benchmark copper o
Published 25 Feb, 2012 12:00am
Shanghai copper falls

Shanghai copper falls

The most-traded May copper contract on the Shanghai Futures Exchange fell 1.3 percent to close at 59,620 yuan ($9,500) a tonne. The weaker outlook in European and Chinese manufacturing activity cut short copper's rally earlier in the week. But traders sai
Published 25 Feb, 2012 12:00am
New York cotton adds to losses on fears of excess supply

New York cotton adds to losses on fears of excess supply

US cotton prices fell for a second day on Thursday in the benchmark May contract on talk that China, the world's biggest buyer, may exit the market for a while. "There is more than enough cotton around the world right now for the amount of cotton demand.
Published 25 Feb, 2012 12:00am
US judge refuses to release Jackson's doctor

US judge refuses to release Jackson's doctor

The judge who jailed Michael Jackson's doctor Conrad Murray for four years refused a request Friday for him to be released pending an appeal against his conviction. Judge Michael Pastor agreed with prosecutors that Murray was a flight risk if released on
Published 25 Feb, 2012 12:00am
Haiti Prime Minister tenders resignation

Haiti Prime Minister tenders resignation

Haitian Prime Minister Garry Conille offered his resignation Friday in a letter to President Michel Martelly, a source close to the president said. Conille's appointment to head the government of Haiti was formally approved by parliament last October, end
Published 25 Feb, 2012 12:00am
Senegal wraps up troubled election campaign

Senegal wraps up troubled election campaign

Senegal wraps up an election campaign Friday marred by deadly protests against President Abdoulaye Wade's bid for a third term in office, which have upset its peaceful reputation. One of Africa's democratic success stories, the continent's westernmost sta
Published 25 Feb, 2012 12:00am
Culture wars may weaken youth support for US Republicans

Culture wars may weaken youth support for US Republicans

Colleen Wilson has all the makings of a foot soldier for whichever Republican becomes the nominee to oppose Democratic President Barack Obama in the November election. The Virginia college student comes from a conservative family and describes herself as
Published 25 Feb, 2012 12:00am
Facing hostility, Putin to win the Kremlin

Facing hostility, Putin to win the Kremlin

Vladimir Putin will reclaim the Kremlin's top job by winning two thirds of the vote in a March presidential election, but Russia's alpha-dog leader may face growing resentment against his rule, the last major poll before the vote showed on Friday.Prime Mi
Published 25 Feb, 2012 12:00am
Sole candidate gets 99.8 percent in Yemen presidential vote

Sole candidate gets 99.8 percent in Yemen presidential vote

The sole candidate in Yemen's presidential election on Tuesday, Vice President Abdrabuh Mansur Hadi, received 99.8 percent of the valid votes cast, the country's electoral commission announced on Friday. According to the final results, 6,635,192 voters fr
Published 25 Feb, 2012 12:00am
Palestinians, police clash at Al-Aqsa mosque

Palestinians, police clash at Al-Aqsa mosque

Clashes briefly broke out Friday between Israeli police and "hundreds" of Palestinian stone-throwers at the flashpoint Al-Aqsa mosque compound in Jerusalem's Old City, police said. "They threw stones towards the Maghrebi Gate and police went onto the plaz
Published 25 Feb, 2012 12:00am
'Major differences' with Iran on nuclear drive: IAEA

'Major differences' with Iran on nuclear drive: IAEA

The UN atomic agency said Friday it has "major differences" with Iran and "major concerns" about its nuclear programme, after inspectors probing suspected weapons work returned from Tehran empty-handed. "An intensive discussion was held on the structured
Published 25 Feb, 2012 12:00am
US senators meet Raul Castro on relations, jailed American

US senators meet Raul Castro on relations, jailed American

Two US senators met with Cuban President Raul Castro in what one characterized as a "wide-ranging discussion" that included the fate of imprisoned American contractor Alan Gross. Castro rarely meets with US officials. His last such encounters were with me
Published 25 Feb, 2012 12:00am
Rudd to challenge Gillard

Rudd to challenge Gillard

Kevin Rudd, who stepped down as Australia's foreign minister this week, said on Friday he would contest a leadership vote against Prime Minister Julia Gillard, bringing to a head a bitter leadership fight engulfing the minority government. Rudd, who was o
Published 25 Feb, 2012 12:00am
Sri Lanka win thriller over Australia to go top

Sri Lanka win thriller over Australia to go top

Sri Lanka won a thrilling tri-series one-day international by three wickets over Australia with four balls to spare on Friday at the Bellerive Oval, taking them top of the tournament standings. Peter Forrest scored the first century of the series with 104
Published 25 Feb, 2012 12:00am
Tri-series standings

Tri-series standings

Standings in the one-day international tri-series after Friday's game between Australia and Sri Lanka in Hobart (games, wins, losses, tied, points):

Published 25 Feb, 2012 12:00am
Woods ousted from Match Play by Watney

Woods ousted from Match Play by Watney

Tiger Woods' bid for a first PGA Tour victory in over two years ended prematurely on Thursday when he lost one-down to fellow American Nick Watney at the WGC-Accennture Match Play Championship The former world number one struggled with his putting on the
Published 25 Feb, 2012 12:00am
Isner books Memphis quarter-final berth

Isner books Memphis quarter-final berth

Top-seeded John Isner fired 22 aces in a 7-6 (7/3), 6-4 victory over Donald Young on Thursday to reach the quarter-finals of the $1.375 million ATP and WTA Memphis Open. He will now face Austrian Jurgen Melzer, a 2-6, 6-3, 7-6 (7/5) winner over Croatian I
Published 25 Feb, 2012 12:00am
United squeeze through, Atletico, PSV cruise

United squeeze through, Atletico, PSV cruise

Manchester United squeezed through to the Europa League last 16 on Thursday despite losing 2-1 to Ajax at Old Trafford while former champions Atletico Madrid became Spain's third team in the next stage. Sir Alex Ferguson's United went through 3-2 on aggre
Published 25 Feb, 2012 12:00am
Ponting's dumping not 'personal': Clarke

Ponting's dumping not 'personal': Clarke

Captain Michael Clarke says he is confident his friendship with Ricky Ponting will endure despite his role in this week's axing of the Australian great from the one-day team, reports said Friday. The former skipper said he had been informed by selectors t
Published 25 Feb, 2012 12:00am
Ireland clinch Twenty20 series against Kenya

Ireland clinch Twenty20 series against Kenya

Ireland beat Kenya by two runs to complete a 3-0 clean sweep in their Twenty20 cricket series at the Mombasa Sports Club on Friday. Batting first, Ireland made 107-9 and despite an impressive 4-14 from man-of-the-match Shem Ngoche, the Kenyans came too sh
Published 25 Feb, 2012 12:00am
Second Twenty20 today: Misbah calls for patience on Pakistan team

Second Twenty20 today: Misbah calls for patience on Pakistan team

Pakistan captain Misbah-ul Haq on Friday hit back at criticism after his side's 4-0 defeat in the One-day series against England, urging a change of mindset among detractors. "I have said that even after the Test series win that we have to keep patience,"
Published 25 Feb, 2012 12:00am
Chief minister's sports festival: PU football team win qualifying match

Chief minister's sports festival: PU football team win qualifying match

Punjab University's Football Team has won the 1st qualifying match of Chief Minister's Sports Festival 2012 by beating University of the Engineering and Technology 2-0. In a nail-biting contest, Qayyum Furqan played outstandingly, giving one-to-one passes
Published 25 Feb, 2012 12:00am
Pakistan beat England

Pakistan beat England

Paceman Umar Gul took 3-18 to inspire Pakistan to a thrilling eight-run win in the first of three Twenty20 internationals against England at Dubai Stadium on Thursday. England, the reigning Twenty20 world champions, were cruising at 120-4 after 17 overs,
Published 25 Feb, 2012 12:00am
Australian dollar extends rally

Australian dollar extends rally

The Australian dollar extended overnight gains after an upbeat outlook from Reserve Bank of Australia (RBA) Governor Glenn Stevens dampened expectations for further interest rate cuts, sending bond futures toward three-month lows. The Aussie rose as high
Published 25 Feb, 2012 12:00am
Sterling recovers

Sterling recovers

Sterling rose against the euro on Friday, recovering early losses, and made robust gains against the dollar on steady demand from corporates, but expectations of more monetary stimulus by the Bank of England were likely to check gains. The pound initially
Published 25 Feb, 2012 12:00am
Most Asian currencies up; baht to enjoy best week

Most Asian currencies up; baht to enjoy best week

Most emerging Asian currencies gained on Friday on strong US and German data, with the Thai baht set to enjoy its best week in nearly one month thanks to inflows including Japanese flood insurance payouts. Investors took some profits from the regional uni
Published 25 Feb, 2012 12:00am
Indian rupee gains for second week

Indian rupee gains for second week

The Indian rupee gained for a second straight week on Friday on signs European efforts to contain the region's debt crisis were working, boosting sentiment for riskier emerging-market assets. The rupee gained 0.7 percent this week to close at 48.9350/9450
Published 25 Feb, 2012 12:00am
Euro jumps in New York

Euro jumps in New York

The euro jumped to a 2-1/2 month high against the dollar and a multi-month high versus the yen on Thursday as solid data on Germany, Europe's biggest economy, offset a bleak economic forecast from the European Commission. The euro traded above its 100-day
Published 25 Feb, 2012 12:00am
Early trade in New York: dollar hits fresh 7-1/2 month high

Early trade in New York: dollar hits fresh 7-1/2 month high

The dollar hit a fresh 7-1/2-month high against the yen on Friday as stop-loss orders were triggered, traders said. The dollar hit a high of 80.66 yen, its highest since July 11, and last traded at 80.62, up 0.9 percent on the day, according to Reuters da
Published 25 Feb, 2012 12:00am
Yen slides to multi-month lows in London

Yen slides to multi-month lows in London

The yen hit multi-month lows against the dollar and euro on Friday, hurt by reported selling by Japanese importers, although market players warned rock-bottom US government bond yields may slow the pace of more losses versus the dollar. The euro extended
Published 25 Feb, 2012 12:00am
Yen hits 7-1/2 month low in Asia

Yen hits 7-1/2 month low in Asia

The yen dropped to 7-1/2 month low against the dollar on Friday, pressured by selling by Japanese importers, but market players said it was likely to find support as US Treasury yields are to set to remain capped. The greenback has rallied 5 percent again
Published 25 Feb, 2012 12:00am
Yuan ends flat

Yuan ends flat

The yuan closed almost unchanged against the dollar on Friday, but traders said the currency could gain slightly in coming months given the US currency's recent weakening trend. The US Dollar Index appears to have lost its momentum since it hit its recent
Published 25 Feb, 2012 12:00am
FTSE 100 falls as Lloyds posts big loss

FTSE 100 falls as Lloyds posts big loss

Britain's top share index closed slightly lower on Friday after Lloyds Banking Group reported a huge full-year loss, while oil-related stocks firmed as oil prices remained near recent highs on global supply issues. London's blue chip index closed down 2.7
Published 25 Feb, 2012 12:00am
Overseas earnings help boost European shares

Overseas earnings help boost European shares

European share price edged up on Friday, bolstered by companies with exposure to faster-growing foreign markets that are better protected from the bloc's economic and debt woes. But with Europe's battered consumers facing a fresh shock from rising oil pri
Published 25 Feb, 2012 12:00am
Nikkei breaks above 9,600

Nikkei breaks above 9,600

Japan's Nikkei share average broke above 9,600 and hit a seven-month closing high on Friday, on track for its best February in two decades as strong economic signals drive a global equities rally, although worries are emerging of a looming correction. Equ
Published 25 Feb, 2012 12:00am
Indian shares nearly one percent lower

Indian shares nearly one percent lower

Indian shares provisionally closed 0.95 percent lower on Friday, as investors booked profits on renewed worries about rising global oil prices and the country's widening fiscal deficit. The main 30-share benchmark index provisionally fell 172.14 points to
Published 25 Feb, 2012 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks closed up 0.28 percent on Friday, with LCD makers among the biggest gainers, advancing 0.96 percent, boosted by AU Optronics' limit-up finish after its president said he sees room to increase prices in some panel segments due to a supply sho
Published 25 Feb, 2012 12:00am
Seoul shares gain

Seoul shares gain

Seoul shares gained on Friday, with foreign buying resuming following positive US data, but posted their first weekly loss this year. The Korea Composite Stock Price Index (KOSPI) ended up 0.6 percent at 2,019.89 points, reversing losses earlier in the da
Published 25 Feb, 2012 12:00am
Strong seven-year auction lifts bond prices

Strong seven-year auction lifts bond prices

US Treasuries prices rose on Thursday as intense bidding at a $29 billion seven-year debt auction spurred buying in the broader bond market, pushing benchmark yields below 2 percent. Treasuries reversed earlier losses following the debt sale, the last par
Published 25 Feb, 2012 12:00am
Strong seven-year auction lifts bond prices

Strong seven-year auction lifts bond prices

US Treasuries prices rose on Thursday as intense bidding at a $29 billion seven-year debt auction spurred buying in the broader bond market, pushing benchmark yields below 2 percent. Treasuries reversed earlier losses following the debt sale, the last par
Published 25 Feb, 2012 12:00am
Wall Street rises, nearing four-year highs

Wall Street rises, nearing four-year highs

Wall Street stocks rose on Thursday after data showed the US labour market remained on the mend, but the market stalled as it approached highs not seen since before the 2008 collapse of Lehman Brothers. In an upbeat note for the economy, new US claims for
Published 25 Feb, 2012 12:00am
Friday's midday trade: stocks rise slightly

Friday's midday trade: stocks rise slightly

US stocks edged up on Friday after reports on consumer sentiment and housing, but the data gave investors little reason to push past a resistance point at four-year highs. The S&P 500 has risen over five of the past six sessions and is up 8.8 percent for
Published 25 Feb, 2012 12:00am
China shares hit three-month high; Hong Kong index rises

China shares hit three-month high; Hong Kong index rises

China shares rose on Friday to a fresh three-month high as speculation the state will adopt policies that help developers and a push for construction of low-cost housing in Shanghai spurred a rally in the real estate sector. The Shanghai Composite, up 1.3
Published 25 Feb, 2012 12:00am
Southeast Asian stocks end mixed

Southeast Asian stocks end mixed

Southeast Asian stock markets were mixed on Friday, with Thailand hitting a near 16-year high while concerns over rising oil prices and economic slowdown in the euro zone hurt some indexes. Despite volatility, Thailand, the Philippines and Malaysia this w
Published 25 Feb, 2012 12:00am
Chinese firm taking Apple legal battle to US

Chinese firm taking Apple legal battle to US

A Chinese computer firm involved in a legal battle with Apple over the iPad trademark said Friday it is suing the technology giant in California for "unfair business and fraud". Proview Technology, based in China's southern city of Shenzhen, filed the law
Published 25 Feb, 2012 12:00am
Ukraine rejects Russian gas discount offer

Ukraine rejects Russian gas discount offer

Ukraine on Friday rejected Russia's offer to cut natural gas prices by 10 percent, saying the fuel would still be too expensive, a move indicating no solution is in sight to a long dispute that has unnerved European gas consumers. Ukraine, which relies he
Published 25 Feb, 2012 12:00am
Mexico posts record inflows to bonds

Mexico posts record inflows to bonds

Mexico drew in a record $31.65 billion of investment into its local-currency debt in 2011, the central bank said on Friday, as global investors sought refuge from Europe's deepening crisis. The total flow into peso debt rose 37 percent from 2010 and forei
Published 25 Feb, 2012 12:00am
Mexico posts record inflows to bonds

Mexico posts record inflows to bonds

Mexico drew in a record $31.65 billion of investment into its local-currency debt in 2011, the central bank said on Friday, as global investors sought refuge from Europe's deepening crisis. The total flow into peso debt rose 37 percent from 2010 and forei
Published 25 Feb, 2012 12:00am
Shipping firms face bank debt mutiny

Shipping firms face bank debt mutiny

Troubled shipping companies face the threat of seizures of their vessels as banks lose patience with an industry struggling with overcapacity and falling demand, industry players say. Banks have been fairly supportive until now, providing extensions such
Published 25 Feb, 2012 12:00am
Washington Post advertisement sales weak; Kaplan shows growth

Washington Post advertisement sales weak; Kaplan shows growth

The Washington Post Co's profit slipped again due to advertising woes but its key Kaplan education business seemed to be getting its feet back on the ground as student sign-ups grew for the first time in five quarters.
Published 25 Feb, 2012 12:00am
US housing, confidence data bolster growth outlook

US housing, confidence data bolster growth outlook

New US home sales fell in January but upward revisions to the prior months' data and a drop in the supply of properties on the market added to signs of a budding housing recovery. In a further boost to the economy, a separate report on Friday showed US co
Published 25 Feb, 2012 12:00am
UK consumers offer sign of hope in fourth quarter

UK consumers offer sign of hope in fourth quarter

Britain's economy may avoid another recession after a rise in consumer spending and an upsurge in exports offered it a solid base to bounce back from a fourth quarter dip, but a vigorous return to health is unlikely. The Office for National Statistics con
Published 25 Feb, 2012 12:00am
Lloyds delays turnaround goals after huge loss

Lloyds delays turnaround goals after huge loss

Part state-owned British bank Lloyds pushed back key targets of its turnaround plan and warned a tough economic outlook would hit revenues this year after it plunged to a 3.5 billion pound ($5.5 billion) loss in 2011. Lloyds, 40 percent owned by the gover
Published 25 Feb, 2012 12:00am
German economy contracts 0.2 percent

German economy contracts 0.2 percent

Germany's economy contracted by 0.2 percent in the fourth quarter on sagging exports and private consumption, data showed on Friday, but analysts said they expected Europe's growth engine to pick up steam again this year. Investments, particularly in cons
Published 25 Feb, 2012 12:00am
Sri Lanka's trade deficit doubles to record high

Sri Lanka's trade deficit doubles to record high

Sri Lanka's trade deficit doubled to a record $9.74 billion in 2011 year-on-year as increased imports of oil, consumer goods and capital items outpaced growth in exports, the central bank said on Friday. The trade gap in December widened 43.5 percent year
Published 25 Feb, 2012 12:00am
GEPEX exporters end Ivorian cocoa auction boycott

GEPEX exporters end Ivorian cocoa auction boycott

The GEPEX group of exporters that accounts for about 55 percent of Ivory Coast's cocoa exports has agreed to end its boycott of auctions, three industry sources told Reuters on Thursday. The group, which includes Nestle, Cargill , Barry Callebaut, Olam an
Published 25 Feb, 2012 12:00am
Trading activity improves on cotton market

Trading activity improves on cotton market

Daily-intake by mills and spinners improved on the cotton market on Friday as the ginners cut down the asking prices of fine type mainly because of huge quantity of unsold stock, dealers said. The official spot rate was unchanged at Rs 5,500, they said.
Published 25 Feb, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 129,126 tonnes of cargo comprising 102,080 tonnes of import cargo and 27,046 tonnes of export cargo including 3,831 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 102,080 to
Published 25 Feb, 2012 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

US Plains hard red winter wheat basis bids were steady on Thursday though demand was picking up as offers were light. Farmer selling was light, merchants said. Top dressing of fields was mostly completed. Light rain was noted in some dry areas of the cent
Published 25 Feb, 2012 12:00am
Corn export premiums firm at US Gulf Coast

Corn export premiums firm at US Gulf Coast

Corn export premiums at the US Gulf Coast were steady to firm on Thursday as solid demand from traditional buyers and emerging importer China supported values, traders said. Private exporters confirmed sales of 120,000 tonnes US corn to China for shipment
Published 25 Feb, 2012 12:00am
Canadian canola futures higher

Canadian canola futures higher

ICE Canadian canola futures closed higher on Thursday, setting a fresh five-month peak on tight cash markets and good export demand, traders said. Spot March canola settled $3.90 higher at $562.30 per tonne on volume of 10,508 contracts. The contract touc
Published 25 Feb, 2012 12:00am
Rosario exchange slashes Argentine soya outlook

Rosario exchange slashes Argentine soya outlook

Argentina's biggest grains exchange slashed 5 million tonnes from its forecast for the country's drought-damaged soya crop on Thursday, helping push US futures to a five-month high. Weeks of dry weather battered young soya and corn crops in the South Amer
Published 25 Feb, 2012 12:00am
No change on grain market

No change on grain market

According to the Wholesale Grain and Oilseeds Merchants Group's press release no change was seen in the rates on Friday. As almost all the participants were busy in preparations for Juma prayers.
Published 25 Feb, 2012 12:00am
Message from Ambassador of the State of Kuwait

Message from Ambassador of the State of Kuwait

At the outset, I would like to extend my excessive happiness and my pride to address the Muslim people of the friendly Pakistan on the occasion of the National celebrations of the 51st National Day and 21st Liberation Day of the State of Kuwait.
Published 25 Feb, 2012 12:00am
Message from The Consul General of the State of Kuwait in Karachi

Message from The Consul General of the State of Kuwait in Karachi

On the occasion of 51st National Day and 21st Liberation Anniversary of the State of Kuwait I felicitate His Highness the AMIR of The State of Kuwait Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah, His Highness the Crown Prince Sheikh Nawaf Al-Ahmed Al-Jaber Al-
Published 25 Feb, 2012 12:00am
The Kuwaiti society, culture and hospitality

The Kuwaiti society, culture and hospitality

Kuwaiti Society and Culture: Kuwaitis have always been free to manage their affairs among themselves as they see fit and develop their unique cultural characteristics in their own way. The Kuwaiti of the pre-oil era survived, in the harshness of the deser
Published 25 Feb, 2012 12:00am
Greece must find its true identity

Greece must find its true identity

If the 19th century saw the rise of romantic Philhellenes, who sought to find the answers they were looking for in the Golden Age of Pericles, then the 21st century surely requires a more contemporary definition for foreigners partaking in Greek education
Published 25 Feb, 2012 12:00am
KARACHI CHRONICLE: Indeed a profoundly shocking moral crisis

KARACHI CHRONICLE: Indeed a profoundly shocking moral crisis

Five female foetuses, two in jars and three in plastic bags, were found in Manzoor Colony on a garbage dump. This act was shocking, unethical, inhuman. Who could have done such callous thing? It is simply incredible that anyone in this city could just thr
Published 25 Feb, 2012 12:00am
ART FACTS: Spiritual and physical expositions

ART FACTS: Spiritual and physical expositions

While visiting a local gallery the other day I meet Abdul Jabbar Gull, during conversation he revealed that a solo exhibition of his current works in sculpture is scheduled recently and thus he invited me to view his new creations at his studio. Abdul Jab
Published 25 Feb, 2012 12:00am
BRIDGE NOTES: Dead end

BRIDGE NOTES: Dead end

Challenges of good and brilliant play come rarely in bridge but when they do, the expert never falters, in coming out with flying colours as did the world famous British star Tony Priday in a European Open Championship of 1979 held in Luisanne, Switzerlan
Published 25 Feb, 2012 12:00am
Gulf Arab states push forceful Syria intervention

Gulf Arab states push forceful Syria intervention

Powerful Gulf Arab countries pushed on Friday for more forceful intervention against Syrian President Bashar al-Assad and the United States warned he would have "even more blood on his hands" if he blocked aid to stricken civilian areas. Speaking at a mee
Published 25 Feb, 2012 12:00am
Gulf Arab states push forceful Syria intervention

Gulf Arab states push forceful Syria intervention

Powerful Gulf Arab countries pushed on Friday for more forceful intervention against Syrian President Bashar al-Assad and the United States warned he would have "even more blood on his hands" if he blocked aid to stricken civilian areas. Speaking at a mee
Published 25 Feb, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 25 Feb, 2012 12:00am
Hamas ditches Assad, backs Syrian revolt

Hamas ditches Assad, backs Syrian revolt

Leaders of the Palestinian Islamist movement Hamas turned publicly against their long-time ally President Bashar al-Assad of Syria on Friday, endorsing the revolt aimed at overthrowing his dynastic rule. The policy shift deprives Assad of one of his few r
Published 25 Feb, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 25 Feb, 2012 12:00am
Hamas ditches Assad, backs Syrian revolt

Hamas ditches Assad, backs Syrian revolt

Leaders of the Palestinian Islamist movement Hamas turned publicly against their long-time ally President Bashar al-Assad of Syria on Friday, endorsing the revolt aimed at overthrowing his dynastic rule. The policy shift deprives Assad of one of his few r
Published 25 Feb, 2012 12:00am
Prime Minister urges Afghan Taliban to enter talks

Prime Minister urges Afghan Taliban to enter talks

While responding to the appeal of Afghan President Hamid Karzai, Prime Minister Syed Yousuf Raza Gilani has appealed to the Taliban leadership as well as all other Afghan groups, including Hizb-e-Islami to participate in an intra-Afghan process for nation
Published 25 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 24, 2012).

Published 25 Feb, 2012 12:00am
Prime Minister urges Afghan Taliban to enter talks

Prime Minister urges Afghan Taliban to enter talks

While responding to the appeal of Afghan President Hamid Karzai, Prime Minister Syed Yousuf Raza Gilani has appealed to the Taliban leadership as well as all other Afghan groups, including Hizb-e-Islami to participate in an intra-Afghan process for nation
Published 25 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 24, 2012).

Published 25 Feb, 2012 12:00am
Balochistan: Pakistan will brook no interference: foreign office

Balochistan: Pakistan will brook no interference: foreign office

Describing the resolution in the US House of Representatives on Balochistan as an arrogant move, Pakistan Friday declared in categorical terms that it would brook no external interference in its internal affairs, saying there was an evidence of foreign in
Published 25 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 24, 2012).

Published 25 Feb, 2012 12:00am
Balochistan: Pakistan will brook no interference: foreign office

Balochistan: Pakistan will brook no interference: foreign office

Describing the resolution in the US House of Representatives on Balochistan as an arrogant move, Pakistan Friday declared in categorical terms that it would brook no external interference in its internal affairs, saying there was an evidence of foreign in
Published 25 Feb, 2012 12:00am
12 killed in protests across Afghanistan

12 killed in protests across Afghanistan

Twelve people were killed on Friday in the bloodiest day yet in protests that have raged across Afghanistan over the desecration of copies of the Muslim holy book at a Nato military base with riot police and soldiers on high alert braced for more violence
Published 25 Feb, 2012 12:00am
12 killed in protests across Afghanistan

12 killed in protests across Afghanistan

Twelve people were killed on Friday in the bloodiest day yet in protests that have raged across Afghanistan over the desecration of copies of the Muslim holy book at a Nato military base with riot police and soldiers on high alert braced for more violence
Published 25 Feb, 2012 12:00am
Citigroup raises $1.9 billion with Indian sale

Citigroup raises $1.9 billion with Indian sale

US banking giant Citigroup sold its nearly 10-percent stake in India's biggest mortgage lender for $1.9 billion on Friday, ending a seven-year alliance and raising much-needed capital. Citigroup, the third-largest US lender by assets, said the sale of 145
Published 25 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 24, 2012).

Published 25 Feb, 2012 12:00am
Citigroup raises $1.9 billion with Indian sale

Citigroup raises $1.9 billion with Indian sale

US banking giant Citigroup sold its nearly 10-percent stake in India's biggest mortgage lender for $1.9 billion on Friday, ending a seven-year alliance and raising much-needed capital. Citigroup, the third-largest US lender by assets, said the sale of 145
Published 25 Feb, 2012 12:00am
Citigroup raises $1.9 billion with Indian sale

Citigroup raises $1.9 billion with Indian sale

US banking giant Citigroup sold its nearly 10-percent stake in India''s biggest mortgage lender for $1.9 billion on Friday, ending a seven-year alliance and raising much-needed capital. Citigroup, the third-largest US lender by assets, said the sale of 14
Published 25 Feb, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (February 24, 2012).
Published 25 Feb, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (February 24, 2012).

Published 25 Feb, 2012 12:00am
IMF sounds warning for global economy on rising oil

IMF sounds warning for global economy on rising oil

The International Monetary Fund flagged higher oil prices as a rising threat to the global economy on Friday, urging policymakers to keep a close eye on western tensions with Iran, which is facing punitive measures against its crude supplies.
Published 25 Feb, 2012 12:00am
IMF sounds warning for global economy on rising oil

IMF sounds warning for global economy on rising oil

The International Monetary Fund flagged higher oil prices as a rising threat to the global economy on Friday, urging policymakers to keep a close eye on western tensions with Iran, which is facing punitive measures against its crude supplies.
Published 25 Feb, 2012 12:00am
IMF sounds warning for global economy on rising oil

IMF sounds warning for global economy on rising oil

The International Monetary Fund flagged higher oil prices as a rising threat to the global economy on Friday, urging policymakers to keep a close eye on western tensions with Iran, which is facing punitive measures against its crude supplies.
Published 25 Feb, 2012 12:00am
IMF sounds warning for global economy on rising oil

IMF sounds warning for global economy on rising oil

The International Monetary Fund flagged higher oil prices as a rising threat to the global economy on Friday, urging policymakers to keep a close eye on western tensions with Iran, which is facing punitive measures against its crude supplies.
Published 25 Feb, 2012 12:00am
Private creditors: Greece launches debt swap offer

Private creditors: Greece launches debt swap offer

Greece on Friday launched a debt swap offer to private creditors holding nearly 206 billion euros of Greek debt, hoping to cut the total amount the country owes by about a third, a statement said. "The bonds invited to participate in (the swap) have an ag
Published 25 Feb, 2012 12:00am
Private creditors: Greece launches debt swap offer

Private creditors: Greece launches debt swap offer

Greece on Friday launched a debt swap offer to private creditors holding nearly 206 billion euros of Greek debt, hoping to cut the total amount the country owes by about a third, a statement said. "The bonds invited to participate in (the swap) have an ag
Published 25 Feb, 2012 12:00am
Private creditors: Greece launches debt swap offer

Private creditors: Greece launches debt swap offer

Greece on Friday launched a debt swap offer to private creditors holding nearly 206 billion euros of Greek debt, hoping to cut the total amount the country owes by about a third, a statement said. "The bonds invited to participate in (the swap) have an ag
Published 25 Feb, 2012 12:00am
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