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Nov 06, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-10-19
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 19 Oct, 2008 12:00am
Libya to raise UniCredit stake to five percent

Libya to raise UniCredit stake to five percent

Libya will continue buying UniCredit shares until its stake in the Italian bank reaches 5 percent, its central bank governor told a newspaper, adding it had also bought stock in Italian oil firm Eni. Former colony Libya has taken a 4.23 percent in Italy's
Published 19 Oct, 2008 12:00am
China issues guidelines to bolster risk management

China issues guidelines to bolster risk management

China's top banking regulator issued guidelines to strengthen risk management and guard against financial turbulence as it urged domestic banks on Saturday to draw lessons from US financial woes.
Published 19 Oct, 2008 12:00am
China issues guidelines to bolster risk management

China issues guidelines to bolster risk management

China's top banking regulator issued guidelines to strengthen risk management and guard against financial turbulence as it urged domestic banks on Saturday to draw lessons from US financial woes.
Published 19 Oct, 2008 12:00am
US wheat higher

US wheat higher

US wheat futures closed higher on Friday in a technical bounce after steep declines this week, following similar rallies in corn, soyabeans and crude oil, traders said. Chicago Board of Trade wheat rallied in thin trade, after the spot contract fell to a
Published 19 Oct, 2008 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 109,547 tonnes of cargo including 74,350 tonnes of import, 35,197 tonnes of export cargo and 3,526 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.
Published 19 Oct, 2008 12:00am
FOB Gulf offers for soft wheat higher

FOB Gulf offers for soft wheat higher

US FOB offers for soft red winter wheat rose for a second day on Friday on good export demand coupled with difficulty drawing out replacement supplies from farmers and elevators due to high transportation costs and recent declines in grain prices, traders
Published 19 Oct, 2008 12:00am
US corn futures up

US corn futures up

US corn futures closed nearly 5 percent higher on Friday on a recovery from oversold technicals. CBOT corn closed 18-1/2 to 20-1/2 cents per bushel higher, with December up 18-1/2 at $4.03 per bushel. Funds bought 5,000 lots. Corn volume was light at an e
Published 19 Oct, 2008 12:00am
US Midwest corn and soya bids steady to firm

US Midwest corn and soya bids steady to firm

Spot corn and soyabean basis bids around the US Midwest were steady to firm on Friday amid slow country movement, while the wheat basis was largely unchanged, cash grain merchants said. Farmer selling slow despite sharply higher Chicago Board of Trade fut
Published 19 Oct, 2008 12:00am
Prices inch up in slow business on cotton market

Prices inch up in slow business on cotton market

Thin business was seen on the cotton market on Saturday as main participants did not show interest in fresh buying as prices improved a bit and release of PCGA fortnightly report, dealers said. The official spot rate was unchanged at Rs 3375, they said. P
Published 19 Oct, 2008 12:00am
Rice prices sharply up on grain market

Rice prices sharply up on grain market

Sharp rise was seen in the rice prices on the grain market on Saturday in process of lean business, dealers said. On the rice sector Irri-6 Sindh was higher by Rs 50 to Rs 3000, despite the bumper production of rice, Basmati D-98 Shahdadkot and Basmati Ba
Published 19 Oct, 2008 12:00am
US copper up

US copper up

US copper futures bounced to a firmer finish on Friday as investors took their cues from a stronger tone on Wall Street and covered their short, or bearish, positions after technical support held, traders said. Copper for December delivery rose 9.40 cents
Published 19 Oct, 2008 12:00am
US gold futures lower

US gold futures lower

US gold futures ended 2 percent lower on Friday, capping a volatile week of selling, as a lack of confidence in the financial system and a dollar rally triggered heavy liquidation by commodity funds.
Published 19 Oct, 2008 12:00am
Malaysian palm oil futures seen at 1,600 ringgit

Malaysian palm oil futures seen at 1,600 ringgit

Malaysian crude palm oil futures are likely to hover at 1,600 ringgit per tonne as long as oil prices trade around $80 a barrel amid a slowdown in the global economy, top industry analyst Dorab Mistry said on Friday. Mistry said palm oil at 1,600 ringgit
Published 19 Oct, 2008 12:00am
Falling trend on Australian wool market

Falling trend on Australian wool market

The Australian wool market finished 3.5 percent lower, on average, at sales in Newcastle, Melbourne and Fremantle this week. The AWEX EMI fell by 29 Aust cents (3.3 percent), ending the week at 839 Aust cents a kg. This reflected falls of 24 Aust cents (2
Published 19 Oct, 2008 12:00am
Vietnam weighs scrapping rice export tax

Vietnam weighs scrapping rice export tax

Vietnam's trade ministry wants the country's finance ministry to scrap an export tax on rice imposed two months ago, to help reach an annual grain shipment target of 4.6 million tonnes, a state-run newspaper reported on Friday. Rice prices in top world ex
Published 19 Oct, 2008 12:00am
US soya up on recovery

US soya up on recovery

US soybean futures ended 3 percent higher on Friday on follow-through from the strong close on Thursday and on a big number for soy in USDA's weekly export sales report. CBOT soy closed 24-1/2 to 29 cents per bushel higher, with November up 27 at $8.94 pe
Published 19 Oct, 2008 12:00am
New York sugar higher

New York sugar higher

Raw sugar futures ended higher on Friday on investor short-covering as the market churned higher after sharp losses caused by the world's worst financial crisis in 80 years, brokers said. The March raws sugar contract climbed 0.48 cent or by 3.7 percent t
Published 19 Oct, 2008 12:00am
US rice lower

US rice lower

US rough rice futures on the Chicago Board of Trade closed lower on Friday, bucking a firm trend across the rest of the grains floor as the US rice harvest wound down, traders said. Values retreated after rallying during Asian trading hours on a lack of s
Published 19 Oct, 2008 12:00am
Asian rice: Thai price falls

Asian rice: Thai price falls

Thailand's benchmark rice price fell on Wednesday to $660 per tonne, dropping for the fourth week and taking losses to nearly 40 percent since April's record high, as the government delayed a price support scheme. The world's biggest rice exporter had bee
Published 19 Oct, 2008 12:00am
Recession fears haunt global commodity markets

Recession fears haunt global commodity markets

World commodity prices tumbled this week, with oil striking a 17-month low point under 66 dollars a barrel in London, as fears of a global recession weighed on demand for raw materials. "The fears about this global credit crisis leading to an extended eco
Published 19 Oct, 2008 12:00am
Poultry spat with US too hard to fix now: EU

Poultry spat with US too hard to fix now: EU

A promise by the European Commission to lift an 11-year-old ban on US poultry imports has proven too hard to fulfill and it was probably unwise to try, a top EU official said late Friday. "It is a very, very contaminated political area," EU Industry Commi
Published 19 Oct, 2008 12:00am
IMF investigates Strauss-Kahn over affair

IMF investigates Strauss-Kahn over affair

The International Monetary Fund is investigating its boss, Dominique Strauss-Kahn, to see whether he abused his position in connection with a sexual relationship with a subordinate, the Wall Street Journal said on Saturday. The IMF is under the spotlight
Published 19 Oct, 2008 12:00am
Banks should use funds for credit: Pelosi

Banks should use funds for credit: Pelosi

The speaker of the US House of Representatives urged the Bush administration on Friday to ensure that some of the federal government's investments in banks be used to free up the flow of credit and not just be hoarded by those banks.
Published 19 Oct, 2008 12:00am
US government stakes in banks limited, says Bush

US government stakes in banks limited, says Bush

President George W. Bush sought to reassure Americans on Saturday the US government had no intention of becoming a permanent shareholder in private banks, and will later consult with European leaders about the financial crisis that sent tremors through th
Published 19 Oct, 2008 12:00am
SABIC posts first profit fall in two years

SABIC posts first profit fall in two years

Saudi Basic Industries Corp (SABIC), the world's largest chemicals company by market value, posted its first decline in quarterly net profit in more than two years on a slowdown in sales growth. SABIC, which competes with Dow Chemicals and BASF, made 7.24
Published 19 Oct, 2008 12:00am
SABIC posts first profit fall in two years

SABIC posts first profit fall in two years

Saudi Basic Industries Corp (SABIC), the world's largest chemicals company by market value, posted its first decline in quarterly net profit in more than two years on a slowdown in sales growth. SABIC, which competes with Dow Chemicals and BASF, made 7.24
Published 19 Oct, 2008 12:00am
South Korea to inject $30 billion to stabilise economy

South Korea to inject $30 billion to stabilise economy

South Korea plans to provide an extra 30 billion dollars to help banks, businesses and the currency market caught up in the ongoing global credit crisis, a report said Saturday. Yonhap news agency quoted unidentified officials of the finance ministry as s
Published 19 Oct, 2008 12:00am
General Motors offers $1.6 billion, buyouts to close Ohio plant

General Motors offers $1.6 billion, buyouts to close Ohio plant

General Motors Corp will pay $1.6 billion into a health-care trust for retirees and offer buyouts of up to $140,000 to union-represented factory workers in exchange for an agreement to close an SUV plant in Ohio by the end of the year. The creation of a v
Published 19 Oct, 2008 12:00am
Five jailed in China for running underground 'bank'

Five jailed in China for running underground 'bank'

China has jailed five people for their part in running an illegal currency exchange business that handled billions of yuan in swaps between Hong Kong and the country's south, state media reported on Saturday.
Published 19 Oct, 2008 12:00am
China puts railways at heart of stimulus plan

China puts railways at heart of stimulus plan

China is preparing steps to boost domestic demand, including more spending on railways, to help cushion the impact of the global credit crisis, a senior official said on Saturday. The package of measures will be finalised at next month's Central Economic
Published 19 Oct, 2008 12:00am
Francophonie warns of impact of financial crisis on poorest nations

Francophonie warns of impact of financial crisis on poorest nations

A summit of 55 French-speaking nations kicked off Friday evening under the shadow of a global financial crisis, with leaders lamenting its impact on poorest nations. "Can the Francophonie remain a spectator of these new troubles, agricultural and financia
Published 19 Oct, 2008 12:00am
Japan to give $4.5 billion loans to India rail project

Japan to give $4.5 billion loans to India rail project

Japan will provide India with 450 billion yen (4.5 billion dollars) in loans to help build a freight railway between New Delhi and Mumbai, a newspaper reported Saturday. The assistance will be Japan's largest ever loan for a single construction project ov
Published 19 Oct, 2008 12:00am
Google defies economy to beat forecasts

Google defies economy to beat forecasts

Google Inc profits surpassed Wall Street quarterly forecasts, sending its shares up more than 10 percent as the Internet search and advertising leader held deepening economic gloom at bay. Web traffic and revenue growth were strong in all major parts of t
Published 19 Oct, 2008 12:00am
Google defies economy to beat forecasts

Google defies economy to beat forecasts

Google Inc profits surpassed Wall Street quarterly forecasts, sending its shares up more than 10 percent as the Internet search and advertising leader held deepening economic gloom at bay. Web traffic and revenue growth were strong in all major parts of t
Published 19 Oct, 2008 12:00am
Iran agrees framework on gas export to Bahrain

Iran agrees framework on gas export to Bahrain

Iran has reached a framework deal to export 1 billion cubic feet of natural gas per day to Bahrain and the two countries are now "one step closer" to a final agreement, the state-owned Iran newspaper reported on Saturday. Iran, which sits on the world's s
Published 19 Oct, 2008 12:00am
JGB futures hit three-month low

JGB futures hit three-month low

Japanese government bond futures hit a three-month low on Friday, hurt by a rebound in the Nikkei share average a day after its worst fall since the 1987 crash. JGB futures rose in early trade a day after an auction of five-year notes showed solid investo
Published 19 Oct, 2008 12:00am
JGB futures hit three-month low

JGB futures hit three-month low

Japanese government bond futures hit a three-month low on Friday, hurt by a rebound in the Nikkei share average a day after its worst fall since the 1987 crash. JGB futures rose in early trade a day after an auction of five-year notes showed solid investo
Published 19 Oct, 2008 12:00am
Canadian bond prices rally

Canadian bond prices rally

The Canadian bond prices were mostly higher on Friday as dealers returned their focus to interest rates and the possibility of a 50-basis-point interest rate cut by the Bank of Canada next week. The Bank of Canada unexpectedly cut its key interest rate 50
Published 19 Oct, 2008 12:00am
Canadian bond prices rally

Canadian bond prices rally

The Canadian bond prices were mostly higher on Friday as dealers returned their focus to interest rates and the possibility of a 50-basis-point interest rate cut by the Bank of Canada next week. The Bank of Canada unexpectedly cut its key interest rate 50
Published 19 Oct, 2008 12:00am
Chile stocks end firmer

Chile stocks end firmer

Chilean stocks closed higher on Friday, led by electric utilities as investors took advantage of lower prices ahead of quarterly earnings reports. Chile's blue chip IPSA stock index rose 1.53 percent to 2,433.04, pulling away from last week's two-year low
Published 19 Oct, 2008 12:00am
US corporate bonds wider, auto bonds gain

US corporate bonds wider, auto bonds gain

US corporate bond spreads were mostly wider on Friday, though credit default swaps managed to tighten as the financial sector continued to benefit from government rescue efforts. The main index of investment-grade credit default swaps tightened to 194 bas
Published 19 Oct, 2008 12:00am
US corporate bonds wider, auto bonds gain

US corporate bonds wider, auto bonds gain

US corporate bond spreads were mostly wider on Friday, though credit default swaps managed to tighten as the financial sector continued to benefit from government rescue efforts. The main index of investment-grade credit default swaps tightened to 194 bas
Published 19 Oct, 2008 12:00am
US Treasury bill rates up, bonds mostly jump

US Treasury bill rates up, bonds mostly jump

US Treasury bill rates jumped on Friday with the three-month rate posting its biggest rise so far in October, as signs of more credit supply pared the safe haven appeal of ultra-short debt. The other big mover was the 30-year bond, which dropped nearly a
Published 19 Oct, 2008 12:00am
US Treasury bill rates up, bonds mostly jump

US Treasury bill rates up, bonds mostly jump

US Treasury bill rates jumped on Friday with the three-month rate posting its biggest rise so far in October, as signs of more credit supply pared the safe haven appeal of ultra-short debt. The other big mover was the 30-year bond, which dropped nearly a
Published 19 Oct, 2008 12:00am
Green technology companies waiting for market to open up

Green technology companies waiting for market to open up

While the fast-growing alternative energy sector has offered promise as other industries suffer under a weakening economy, that won't be the case in the IPO market for solar and wind firms in the near future, with many expected to sit on the sidelines wel
Published 19 Oct, 2008 12:00am
Argentine stocks rise

Argentine stocks rise

Argentine stocks rose sharply on Friday, buoyed by gains in energy-related shares as crude oil prices rebounded, traders said. The benchmark MerVal index ended 2.53 percent higher at 1,216.02, after rising as much as 5.4 percent earlier in the session whe
Published 19 Oct, 2008 12:00am
Emerging debt: Latin American stocks end mixed

Emerging debt: Latin American stocks end mixed

Latin American equity markets ended mixed on Friday as rising prices of raw materials supported shares of some commodity-exporter companies but lingering recession fears weighed on the broader market. Most Latin American currencies recovered from recent l
Published 19 Oct, 2008 12:00am
Emerging debt: Latin American stocks end mixed

Emerging debt: Latin American stocks end mixed

Latin American equity markets ended mixed on Friday as rising prices of raw materials supported shares of some commodity-exporter companies but lingering recession fears weighed on the broader market. Most Latin American currencies recovered from recent l
Published 19 Oct, 2008 12:00am
Mexican stocks tumble

Mexican stocks tumble

Mexican stocks ended down 0.71 percent on Friday, failing to hold on to earlier gains as investors worried about the world economy and dumped blue chips. The IPC stock index initially gained at much as 2.38 percent on the back of telecom and mining stocks
Published 19 Oct, 2008 12:00am
Toronto stocks log biggest weekly gain in six years

Toronto stocks log biggest weekly gain in six years

The Toronto Stock Exchange's main index closed sharply higher on Friday as energy stocks rose on a rebound in crude and investors shopped for bargains. In yet another volatile day with a trading range of nearly 800 points from trough to peak, the S&P/TSX
Published 19 Oct, 2008 12:00am
South Korean bonds surge

South Korean bonds surge

South Korean government bond prices jumped on Friday on hopes of more drastic government action over the weekend to tackle financial turmoil, including a possible rate cut. The nation's finance minister said on Friday that the authorities planned to annou
Published 19 Oct, 2008 12:00am
South Korean bonds surge

South Korean bonds surge

South Korean government bond prices jumped on Friday on hopes of more drastic government action over the weekend to tackle financial turmoil, including a possible rate cut. The nation's finance minister said on Friday that the authorities planned to annou
Published 19 Oct, 2008 12:00am
American credit market outlook

American credit market outlook

Macy's Inc is banking on the suspension of its share repurchase program and spending cuts to help it weather a severe slowdown in consumer spending and allow it to hold on to its investment grade ratings. If the economy and consumer spending deteriorate f
Published 19 Oct, 2008 12:00am
American credit market outlook

American credit market outlook

Macy's Inc is banking on the suspension of its share repurchase program and spending cuts to help it weather a severe slowdown in consumer spending and allow it to hold on to its investment grade ratings. If the economy and consumer spending deteriorate f
Published 19 Oct, 2008 12:00am
US stocks finish lower

US stocks finish lower

US stocks fell on Friday on weakness in manufacturing and financial stocks after bleak data on consumer confidence and construction, but the Dow still snapped a disastrous three-week losing streak with it best weekly gain in more than 5 years. It was a we
Published 19 Oct, 2008 12:00am
Taiwan dollar at one-year low

Taiwan dollar at one-year low

The Taiwan dollar weakened on Friday, hovering at a one-year low, due to stock market losses and US dollar buying by foreign banks that offset exporters' purchases of Taiwan dollars and central bank intervention. The Taiwan dollar closed at T$32.550 to th
Published 19 Oct, 2008 12:00am
Dollar and yen rise

Dollar and yen rise

The US dollar rose against the euro on Friday, while the yen gained in volatile trading, as financial distress and economic weakness beyond the United States persisted, giving the greenback a safe-haven bid. Weakness in the US stock market has once again
Published 19 Oct, 2008 12:00am
IMM speculators increase long US dollar bets

IMM speculators increase long US dollar bets

Currency speculators increased their long positions on the US dollar after having reduced such bets for three straight weeks, according to the latest weekly data from the Commodity Futures Trading Commission on Friday. The value of the US dollar's net lon
Published 19 Oct, 2008 12:00am
Kenyan shilling slides to new three-year lows

Kenyan shilling slides to new three-year lows

Kenya's shilling sank to new three-year lows against the dollar on Friday as banks covered short dollar positions before a long weekend amid worries about the health of the global economy. The commercial banks posted the unit at 78.15/25 against the dolla
Published 19 Oct, 2008 12:00am
Latin American currencies bounce

Latin American currencies bounce

Most Latin American currencies on Friday recovered from recent losses following a series of central bank actions across the region. On the foreign exchange market, a series of recent actions by several Latin American central banks supported regional curre
Published 19 Oct, 2008 12:00am
Canadian dollar dips

Canadian dollar dips

The Canadian dollar ended lower versus the US dollar on Friday due to nagging uncertainty about the outlook for the global economy, but a rally in stock markets and commodities help to cushion its fall. Canadian bond prices were higher across the curve as
Published 19 Oct, 2008 12:00am
UN says recent violence displaces 50,000 Darfuris

UN says recent violence displaces 50,000 Darfuris

An increase in violence in northern Darfur last month has displaced around 50,000 people, many of whom could be short of food and water, a United Nations official said on Saturday.
Published 19 Oct, 2008 12:00am
Cameroon holds two policemen over refugee's kidnap

Cameroon holds two policemen over refugee's kidnap

Cameroonian authorities have detained two police officers accused of kidnapping a political refugee and handing him over to neighbouring Equatorial Guinea, where he faces a 30-year jail sentence, a police official said. The two police officers detained we
Published 19 Oct, 2008 12:00am
UN chief urges EU to meet climate goals

UN chief urges EU to meet climate goals

UN Secretary General Ban Ki-moon urged the European Union on Friday to set an example to the rest of the world and maintain its climate change goals despite the global economic downturn. European Union leaders have came under pressure to roll back their c
Published 19 Oct, 2008 12:00am
Pentagon seeks to calm concerns over Iraq troop pact

Pentagon seeks to calm concerns over Iraq troop pact

Defence Secretary Robert Gates said on Friday that US troops should not be concerned by a deal that is said to let Iraq prosecute American military personnel if they commit serious crimes on Iraqi soil. Some members of the US Congress have questioned whet
Published 19 Oct, 2008 12:00am
Thai Prime Minister seeks direct talks over Cambodia border row

Thai Prime Minister seeks direct talks over Cambodia border row

Thai Prime Minister Somchai Wongsawat said on Saturday he would seek face-to-face talks with Cambodian leader Hun Sen after a border clash near a 900-year-old temple this week. "I am looking for the right time to talk with him. We should have an opportuni
Published 19 Oct, 2008 12:00am
North Korean diplomats await 'important message'

North Korean diplomats await 'important message'

North Korean diplomats have been told to stick close to their embassies and await "an important message," Japan's Yomiuri Shimbun newspaper reported on Saturday. Multiple unidentified sources "connected with the issue" said the order appeared to have been
Published 19 Oct, 2008 12:00am
'Distinct' risk if Uighurs released on US soil'

'Distinct' risk if Uighurs released on US soil'

The Bush administration believes the 17 Chinese Muslim Uighurs detained at the Guantanamo Bay prison camp should not be released into the United States because they pose a "risk distinct to this nation," according to court documents obtained by AFP on Fri
Published 19 Oct, 2008 12:00am
Mexican drug wars intensify, killing nearly 400 in two weeks

Mexican drug wars intensify, killing nearly 400 in two weeks

Almost 400 people have died in the past two weeks in an intensifying drugs war in Mexico despite a government crackdown on cartels, trafficking and related violence. The killings include six people lined up and shot against a wall with a written warning p
Published 19 Oct, 2008 12:00am
Manmohan concerned over civilians caught in Sri Lanka conflict

Manmohan concerned over civilians caught in Sri Lanka conflict

Indian Prime Minister Manmohan Singh Saturday told Sri Lanka he was deeply concerned about the "deteriorating humanitarian situation" in the war-torn island and urged it to protect Tamil civilians caught in the conflict. Singh conveyed his worries when Sr
Published 19 Oct, 2008 12:00am
Indian girl set ablaze for wearing lipstick

Indian girl set ablaze for wearing lipstick

An 11-year-old girl was set on fire by a relative in India's northern city of Jaipur for wearing lipstick and being "inappropriately dressed," media reports said Saturday.The girl suffered burns over 90 per cent of her body. Her chances of survival were b
Published 19 Oct, 2008 12:00am
Iran blames intolerance for losing UN seat vote

Iran blames intolerance for losing UN seat vote

Iran on Saturday blamed what it said was intolerance of its independent positions by the West for its failure to win a seat on the UN Security Council, which has imposed sanctions on Tehran over its disputed nuclear work. Iran was overwhelmingly defeated
Published 19 Oct, 2008 12:00am
One killed in car bombing of US law firm

One killed in car bombing of US law firm

A 78-year-old man died after attempting to ram his SUV into a law firm in the southern state of Georgia on Friday and detonating explosive items in his vehicle, local police said. Four people were injured in the blast. The bombing "is believed to have res
Published 19 Oct, 2008 12:00am
Hasan gives Bangladesh edge in first test

Hasan gives Bangladesh edge in first test

Left-arm spinner Shakib Al Hasan took a maiden five-wicket haul to help Bangladesh gain an upper hand over New Zealand on the second day of the opening Test here on Saturday. The 21-year-old turned his left arm with magical effect to take 6-31, leaving th
Published 19 Oct, 2008 12:00am
Chelsea hit five as Liverpool and Arsenal rally

Chelsea hit five as Liverpool and Arsenal rally

Chelsea romped to a 5-0 victory at Middlesbrough on Saturday while Liverpool and Arsenal produced stirring fightbacks to claim home wins over Wigan Athletic and Everton. Chelsea's lunchtime demolition job gave the Premier League leaders 20 points from eig
Published 19 Oct, 2008 12:00am
India dominate Australia in second Test

India dominate Australia in second Test

Debutant leg-spinner Amit Mishra picked up two key wickets as India pushed Australia into a corner on the second day of the second Test here on Saturday. Mishra, 24, sent back Simon Katich (33) before dismissing Michael Clarke (23) off the penultimate bal
Published 19 Oct, 2008 12:00am
Wapda edge out PEL 3-1 in Premier League Soccer

Wapda edge out PEL 3-1 in Premier League Soccer

The 99th encounter of Pakistan Premier Soccer League saw Water and Power Development Authority (Wapda), scoring twice in second session to beat PEL 3-1 at Railway Stadium in the exciting second leg on Saturday. The first leg ended 1-1 on Sunday. PEL start
Published 19 Oct, 2008 12:00am
ICI Pakistan golf championship today

ICI Pakistan golf championship today

ICI Pakistan is organising a golf championship at the Arabian Sea Country Club, Port Qasim. The one-day tournament will be played on 18 holes on Sunday (October 19). The event comprises two categories - Senior and Amateur. Chief Executive of ICI Pakistan
Published 19 Oct, 2008 12:00am
Pakistani squad for 'Hong Kong sixes' announced

Pakistani squad for 'Hong Kong sixes' announced

The selection committee of Pakistan Cricket Board (PCB) headed by Saleem Jaffar on Saturday has announced the seven-member Pakistani cricket team for the Hong Kong Sixes Tournament. The tournament will start in Hong Kong from November 8, said a PCB spokes
Published 19 Oct, 2008 12:00am
Murray outlasts Federer

Murray outlasts Federer

Britain's Andy Murray outgunned Roger Federer 3-6 6-3 7-5 on Saturday to reach the Madrid Masters final and avenge his defeat at the US Open. The world number four's victory sets up a showdown with world number one Rafael Nadal or France's Gilles Simon.
Published 19 Oct, 2008 12:00am
Obama has 4-point lead

Obama has 4-point lead

Democrat Barack Obama holds a 4-point lead over Republican John McCain in the US presidential race, according to a Reuters/C-SPAN/Zogby poll released on Saturday. Obama leads McCain by 48 to 44 percent among likely US voters in the four-day tracking poll,
Published 19 Oct, 2008 12:00am
Iraqi police kill female suicide bomber

Iraqi police kill female suicide bomber

Iraqi police killed a female suicide bomber simultaneously as she exploded her vest near a checkpoint in the northern province of Salahaddin, a police source said Saturday. Police tried to stop a woman, who appeared to be in her 20s, who was wearing long
Published 19 Oct, 2008 12:00am
Russian troops launch Ingushetia crackdown

Russian troops launch Ingushetia crackdown

Russia's armed forces launched a counter-terrorist operation in the Caucasus region of Ingushetia on Saturday after an attack on a convoy of Interior Ministry troops.
Published 19 Oct, 2008 12:00am
Tribal elder, 22 insurgents killed in Afghanistan

Tribal elder, 22 insurgents killed in Afghanistan

Gunmen killed a tribal elder and his son in an attack in southern Afghanistan, while elsewhere at least 22 insurgents were killed and eight others were detained in separate operations by Afghan and international forces, officials said Saturday.
Published 19 Oct, 2008 12:00am
Austria pays tribute to late rightist Haider

Austria pays tribute to late rightist Haider

Thousands of Austrians mourned Joerg Haider on Saturday, a far-right populist leader who died in a high-speed car crash a week ago. Around 25,000 mourners attended Haider's memorial service in the capital of the Alpine province where he was governor for o
Published 19 Oct, 2008 12:00am
Bangladesh interim government to quit on December 31

Bangladesh interim government to quit on December 31

Bangladesh's army-backed rulers will hand over power to an elected government on December 31 after holding national polls, a report said Saturday. The interim government, which came to power in January 2007, will hold a general election on December 18 and
Published 19 Oct, 2008 12:00am
German arrested for trying to sell US embassy in Rome

German arrested for trying to sell US embassy in Rome

A German posing as an estate agent has been arrested for trying to sell the US embassy in Rome, Italian media reports said Saturday.The 57-year-old man is also believed to have offered the building that houses the UN's Food and Agriculture Organisation in
Published 19 Oct, 2008 12:00am
NASA wrestles with more problems on Hubble telecope

NASA wrestles with more problems on Hubble telecope

A new glitch has shut down the Hubble Space Telescope, dashing NASA's hopes of a speedy recovery from an earlier computer breakdown, officials said on Friday. "The soonest that we would be back doing full science would be late next week," Art Whipple, Hub
Published 19 Oct, 2008 12:00am
PTCL to resolve consumer problems

PTCL to resolve consumer problems

PTCL Multan Region has decided to install camps in different telephone exchanges of the city to solve the problems of the customers and to provide them telecom facilities. According to the sources of PTCL, the Customers Facilitation Camps would be install
Published 19 Oct, 2008 12:00am
People asked to bring foreign deposits to national banks

People asked to bring foreign deposits to national banks

Chairman Pakistan Tehreek-i-Insaf (PTI) Imran Khan on Saturday urged all nationals maintaining deposits in foreign banks to transfer the money to the country to stabilise the economy. In a statement issued here, the PTI chief said the rulers, politicians,
Published 19 Oct, 2008 12:00am
Dangerous LED screens

Dangerous LED screens

Kindly refer report published in Business Recorder and letter of Mr M. Khurram Iqbal of October 12, 2008, which is absolutely correct. I fully agreed with the views of the writers. Such type of giant LED screen installed through the city, especiall
Published 19 Oct, 2008 12:00am
Living in a fantasy world

Living in a fantasy world

Pakistan came into being as a result of the conflict of ideologies developed by the majority population of undivided India for around 1000 years. India adopted secular system as a major in running their system of government Whereas, Pakistan adopted and d
Published 19 Oct, 2008 12:00am
Mexicans experience 'thrill' of border crossings

Mexicans experience 'thrill' of border crossings

Sirens wailed through the chill night air as a group of Mexicans stumbled down a country road, crouching in the grass among rats and snakes to escape the flashlights of border patrol agents. "Quick, run, don't stop," people traffickers whispered, pushing
Published 19 Oct, 2008 12:00am
World Food Day riddle

World Food Day riddle

In his message on World Food Day, President Zardari stressed the need for ensuring food security in the country and initiating interventions to overcome the challenges of climate change and neglect of bio-energy for a progressive and sustainable agricultu
Published 19 Oct, 2008 12:00am
A pragmatic policy shift

A pragmatic policy shift

In a major policy initiative, the PPP-led government of Prime Minister Yousuf Raza Gilani has given commitment to multilateral creditors that it will bring about a fundamental structural transformation in economic policy by shifting the existing focus fro
Published 19 Oct, 2008 12:00am
KFC organises fifth teachers convention

KFC organises fifth teachers convention

"The pillars of our education system rest on the foundations laid by our respected educators and the role of teachers is vital in grooming the younger generation of the country" These views were expressed by Provincial Secretary Information and Culture Ao
Published 19 Oct, 2008 12:00am
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