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Dec 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-11-01
Canada's GDP shrinks

Canada's GDP shrinks

Canada's economy shrank 0.3 percent in August, partially erasing sharp gains in July, on weakness in the manufacturing, wholesale trade and energy sectors, Statistics Canada said on Friday. The downturn was slightly milder than the median forecast of a 0.
Published 01 Nov, 2008 12:00am
81,410 cusecs water released from reservoirs

81,410 cusecs water released from reservoirs

Indus River System Authority (Irsa) on Friday released 81,410 cusecs water from various rim stations. According to Irsa, an overall water inflow from various reservoirs was recorded at 52,595 cusecs. Water level at Tarbela Dam recorded on Friday was at 14
Published 01 Nov, 2008 12:00am
PSO claim of loss questioned

PSO claim of loss questioned

Senate standing committee on interior Chairman Talha Mahmood has questioned the claim of Pakistan State Oil (PSO) regarding loss of Rs 8.38 billion, saying: "It is unbelievable that a profitable national organisation, which earned net profit of Rs 2.1 bil
Published 01 Nov, 2008 12:00am
Malaysian shares rally

Malaysian shares rally

Malaysian share prices closed 1.2 percent higher on Friday on bargain hunting by retail investors and local and foreign funds in index heavyweights, dealers said. The Kuala Lumpur Composite Index was up 10.05 points to end the day at 863.61 in heavy volum
Published 01 Nov, 2008 12:00am
Iesco mobile unit schedule

Iesco mobile unit schedule

Iesco Mobile Unit schedule for the November is as under: Saturday 1st November PD Khan Sub Division (PD Khan), Monday 3 November Saddar Sub Division (Cantt): Tuesday 4 November Basal Sub Division (Attock) Wednesday 5 November Chandni Chowk Sub Division (S
Published 01 Nov, 2008 12:00am
Kuwait to cut crude supplies by five percent to Asia

Kuwait to cut crude supplies by five percent to Asia

Opec member Kuwait has notified at least two term customers in Asia that it would cut their crude oil supplies by 5 percent from November, industry sources said on Friday. The move by the Middle Eastern oil producer followed similar action this week by so
Published 01 Nov, 2008 12:00am
Efforts being made to end bonded labour by 2015: minister

Efforts being made to end bonded labour by 2015: minister

Punjab Minister for Labour, Muhammad Ashraf Khan Sohna has said that the Province has 600,000 registered labourers and only 24,000 of their children go to schools. Talking to newsmen on Friday he said that all out efforts were being made to prevent the pr
Published 01 Nov, 2008 12:00am
Government owes Rs 27 billion to OMCs, refineries

Government owes Rs 27 billion to OMCs, refineries

The government is not earning Rs 11 billion a fortnight through the Petroleum Development Levy (PDL), a spokesman of the Ministry of Petroleum and Natural Resources clarified here on Friday. Contradicting a news item entitled 'Reduction in Petrol Prices',
Published 01 Nov, 2008 12:00am
THE RUPEE: dollar turns lower

THE RUPEE: dollar turns lower

The rupee showing its muscles on expectations of improving inflows, recovered 25 paisa against dollar for buying at 81.45 and it also gained 20 paisa for selling at 81.55 in the interbank market on Friday, currency experts said. The rupee may improve furt
Published 01 Nov, 2008 12:00am
Singapore shares tumble

Singapore shares tumble

Singapore shares closed 0.43 percent lower on Friday, erasing intraday gains as investor confidence turned wobbly despite moves by several major central banks to cut interest rates, dealers said. The main Straits Times Index fell 7.71 points to 1,794.20.
Published 01 Nov, 2008 12:00am
MUFJ, Mizuho slash profit forecasts

MUFJ, Mizuho slash profit forecasts

Japan's two-largest banks, Mitsubishi UFJ Financial Group and Mizuho Financial Group, cut their earnings outlooks by more than half on Friday, hit by growing bad-loan costs and a plunging local stock market.
Published 01 Nov, 2008 12:00am
THE RUPEE: dollar turns lower

THE RUPEE: dollar turns lower

The rupee showing its muscles on expectations of improving inflows, recovered 25 paisa against dollar for buying at 81.45 and it also gained 20 paisa for selling at 81.55 in the interbank market on Friday, currency experts said. The rupee may improve furt
Published 01 Nov, 2008 12:00am
Nikkei posts biggest monthly fall ever

Nikkei posts biggest monthly fall ever

The Nikkei average slid 5 percent on Friday, capping its worst month ever, as investors dumped stocks at the last minute on caution before a three-day weekend, with little impact felt from a rate cut by the Bank of Japan. The benchmark ended the month of
Published 01 Nov, 2008 12:00am
All set to launch special force for VVIPs' security

All set to launch special force for VVIPs' security

The government is all set to launch a special force for the protection of the VVIPs, including the President, Prime Minister, ministers and for security of the Red Zone in Federal capital.
Published 01 Nov, 2008 12:00am
MUFJ, Mizuho slash profit forecasts

MUFJ, Mizuho slash profit forecasts

Japan's two-largest banks, Mitsubishi UFJ Financial Group and Mizuho Financial Group, cut their earnings outlooks by more than half on Friday, hit by growing bad-loan costs and a plunging local stock market.
Published 01 Nov, 2008 12:00am
MCCI hails proposed cut in taxes in power bills

MCCI hails proposed cut in taxes in power bills

Multan Chamber of Commerce and Industry (MCCI) President Khawaja Muhammad Jalaluddin Roomi has hailed the Government's consideration to withdraw the withholding tax and reducing the GST rates on electricity bills.
Published 01 Nov, 2008 12:00am
Inflation swells to 29.79 percent

Inflation swells to 29.79 percent

The inflation measured through SPI increased to 29.79 percent on week, ending on October 30 over the same period of last year, said Federal Bureau of Statistics on Friday. The data on SPI released showed that there was an increase in the prices of 14 esse
Published 01 Nov, 2008 12:00am
Jakarta shares jump 7.1 percent

Jakarta shares jump 7.1 percent

Indonesian shares jumped 7.1 percent on Friday on bargain hunting, helped by a firmer rupiah and a new rule raising the upward trading limit for stocks, dealers said. The Jakarta Composite Index rose 82.84 points to 1256.704 on volume of 6.6 billion share
Published 01 Nov, 2008 12:00am
'IMF still deliberating on Pakistan's need'

'IMF still deliberating on Pakistan's need'

Though the International Monetary Fund (IMF) has informally agreed on a standby arrangement of $9.6 billion for two years, the final decision is expected in the next few days, after 'Friends of Pakistan' response. On Thursday night, David Hawley, Senior A
Published 01 Nov, 2008 12:00am
Moussaieff buys rare 39.19-carat blue diamond

Moussaieff buys rare 39.19-carat blue diamond

A South African firm acting for a leading London jeweller, Moussaieff, has bought an extremely rare 39.19 carat rough blue diamond for $8.8 million. London-listed miner Petra Diamonds Ltd, which had placed the diamond on tender in Johannesburg, sold the g
Published 01 Nov, 2008 12:00am
Inflation swells to 29.79 percent

Inflation swells to 29.79 percent

The inflation measured through SPI increased to 29.79 percent on week, ending on October 30 over the same period of last year, said Federal Bureau of Statistics on Friday. The data on SPI released showed that there was an increase in the prices of 14 esse
Published 01 Nov, 2008 12:00am
Australian dollar lower

Australian dollar lower

The Australian dollar lost ground on Friday, hurt by mounting worries about a sharp global economic downturn, putting it on track for its worst monthly performance since it was floated in 1983. Also weighing down on the Aussie, which had gained to one-wee
Published 01 Nov, 2008 12:00am
Asaf appointed Vice Chief of Naval Staff

Asaf appointed Vice Chief of Naval Staff

The President has appointed Vice Admiral Asaf Humayun as Vice Chief of the Naval Staff with immediate effect, said a notification issued. Vice Admiral Asaf Humayun joined Pakistan Navy in December 1970. He stood first in his course in Pakistan Naval Acade
Published 01 Nov, 2008 12:00am
Sony recalls PC batteries

Sony recalls PC batteries

Sony Corp said five PC makers including Hewlett-Packard Co and Toshiba Corp will recall 100,000 computer battery packs made by the Japanese electronics maker due to a fire hazard. Sony said the recall is expected to have limited impact on its earnings, an
Published 01 Nov, 2008 12:00am
Rabbani condoles Abdul Mateen's death

Rabbani condoles Abdul Mateen's death

The Leader of the House in the Senate, Senator Mian Raza Rabbani has expressed deep grief and sorrow over the sad demise of Member of the National Assembly from Buner District, Abdul Mateen Khan, who breathed his last on Friday after suffering from a card
Published 01 Nov, 2008 12:00am
Inflation swells to 29.79 percent

Inflation swells to 29.79 percent

The inflation measured through SPI increased to 29.79 percent on week, ending on October 30 over the same period of last year, said Federal Bureau of Statistics on Friday. The data on SPI released showed that there was an increase in the prices of 14 esse
Published 01 Nov, 2008 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Friday (October 31, 2008).

Published 01 Nov, 2008 12:00am
Yuan ends down versus dollar

Yuan ends down versus dollar

China's yuan closed lower against the dollar on Friday and was much weaker than the central bank's daily reference rate, or mid-point, amid market jitters over the Chinese currency's long-term trend. Worried about possible capital outflows due to declines
Published 01 Nov, 2008 12:00am
Annualised growth rate at record low

Annualised growth rate at record low

A measure of future economic growth in the United States slid to a seven-year low and its annualised growth rate dived to its lowest reading on record in nearly 60 years of data, a research group said on Friday. The Economic Cycle Research Institute, a Ne
Published 01 Nov, 2008 12:00am
Sahar Foundation dispatches relief goods

Sahar Foundation dispatches relief goods

The Sahar Foundation has dispatched relief goods worth half a million rupees for the earthquake affectees of Balochistan. A statement here on Friday said that this includes eatables, blankets and jackets. It said that the organisation would continue to co
Published 01 Nov, 2008 12:00am
Musharraf vacates Army House

Musharraf vacates Army House

Former President General Pervez Musharraf (Retd) on Friday left the Army House. According to a private television channel, Pervez Musharraf, along with his family members, shifted to his palace-like farm house, located near Park Road in Islamabad.
Published 01 Nov, 2008 12:00am
Yen rises as risk wariness remains

Yen rises as risk wariness remains

The yen rose against the dollar and euro as a drop in Tokyo share prices renewed investor concern over riskier assets on Friday, while players awaited comments from Bank of Japan Governor Masaaki Shirakawa after he helped push through a smaller-than-expec
Published 01 Nov, 2008 12:00am
Five Pakistanis still in Guantanamo Bay prison: foreign office

Five Pakistanis still in Guantanamo Bay prison: foreign office

Five Pakistani prisoners are still in Guantanamo Bay, said a statement issued by the Foreign Office, here on Friday. Pakistan has secured the repatriation of 68 Pakistani detainees from Guantanamo Bay since 2003. The statement said the Pakistani governmen
Published 01 Nov, 2008 12:00am
First drop in US consumer spending in two year

First drop in US consumer spending in two year

US consumers cut their monthly spending for the first time in two years during September, evidently bracing for hard times as jobs continue to disappear and credit conditions tighten. A Commerce Department report on Friday showed that consumer spending sh
Published 01 Nov, 2008 12:00am
HDS appeals for donations

HDS appeals for donations

Chairman of Human Development Society (HDS) Advocate Shakeel Ahmed Jamil on Friday appealed to philanthropists to donate as much relief goods as they can for the victims of earthquake in Balochistan. He said that quake in Balochistan has resulted in massi
Published 01 Nov, 2008 12:00am
Musharraf vacates Army House

Musharraf vacates Army House

Former President General Pervez Musharraf (Retd) on Friday left the Army House. According to a private television channel, Pervez Musharraf, along with his family members, shifted to his palace-like farm house, located near Park Road in Islamabad.
Published 01 Nov, 2008 12:00am
US dollar steadies

US dollar steadies

The US dollar rose against the yen on Thursday, but was little changed against the euro, after gains in world stock markets and an interest rate cut by the Federal Reserve on Wednesday helped ease the recent flight into the dollar. Adding to pressure on t
Published 01 Nov, 2008 12:00am
HCs, ambassadors present credentials to President

HCs, ambassadors present credentials to President

The High Commissioners and Ambassadors designate of Maldives, France, UAE, Germany, Finland and Canada to Pakistan presented their credentials to President Asif Ali Zardari at a ceremony held here at the Aiwan-e-Sadar on Friday. The envoys called on the P
Published 01 Nov, 2008 12:00am
Reforming financial system will take years: Medvedev

Reforming financial system will take years: Medvedev

Reforming the global financial system will take years and should begin right now, Russian President Dmitry Medvedev insisted on Friday. "It is obvious that it will take years to put together a new framework for the world financial system but we have to ge
Published 01 Nov, 2008 12:00am
WDD to send relief goods for victims

WDD to send relief goods for victims

The Women Development Department, Government of Sindh, will send the first consignment of relief goods for the earthquake affectees of Balochistan. This was stated by the Sindh minister for Women Development, Tauqeer Fatima Bhutto. She was presiding over
Published 01 Nov, 2008 12:00am
Pakistan gets another Chinese frigate

Pakistan gets another Chinese frigate

China on Friday handed over a second F-22P frigate to Pakistan at an impressive launching ceremony of the vessel held at Hudong Shipyard. The ceremony was attended by high ranking officials from Chinese Navy, senior representatives of Hudong Shipyard, Chi
Published 01 Nov, 2008 12:00am
Canadian dollar rides momentum to higher close

Canadian dollar rides momentum to higher close

The Canadian dollar finished higher versus the US dollar for the third straight session on Thursday as improved market sentiment continued to help pull the currency off its recent four-year low. Bond prices bounced back from an early sell-off and finished
Published 01 Nov, 2008 12:00am
G8 should give emerging states more say: EU draft

G8 should give emerging states more say: EU draft

Reforms of the Group of Eight (G8) club of major industrialised nations must be studied to make it more inclusive of emerging countries, European Union president France has proposed to the bloc's finance ministers. "Further reform of the G8 should be cons
Published 01 Nov, 2008 12:00am
SSC provides high quality wheat seed to growers

SSC provides high quality wheat seed to growers

Sindh Seed Corporation (SSC) has not achieved the target of producing 0.1 million maund certified wheat seed but also made arrangement of providing more 0.15 million maund highly certified wheat seed to the growers for Rabi Season 2008 in Sindh.
Published 01 Nov, 2008 12:00am
Pakistan gets another Chinese frigate

Pakistan gets another Chinese frigate

China on Friday handed over a second F-22P frigate to Pakistan at an impressive launching ceremony of the vessel held at Hudong Shipyard. The ceremony was attended by high ranking officials from Chinese Navy, senior representatives of Hudong Shipyard, Chi
Published 01 Nov, 2008 12:00am
Most Asian currencies fall

Most Asian currencies fall

Most Asian currencies fell on Friday as investors took profit from in the previous day's rally amid lingering fears of a global recession, while companies bought more dollars for month-end settlements. A rally in Asian currencies on Thursday turned out to
Published 01 Nov, 2008 12:00am
India overnight rate leaps

India overnight rate leaps

India's overnight lending rate leaped above 20 percent on Friday as banks stashed cash ahead of a government bond sale, squeezing rates to their highest since the global crisis broke in earnest over India earlier this month.
Published 01 Nov, 2008 12:00am
Election tribunal adjourns hearing

Election tribunal adjourns hearing

An election tribunal headed by a judge of the Lahore High Court adjourned hearing in an election petition of former federal minister Humayun Akhter seeking disqualification of PML-N MNA Rohail Asghar who won election from NA-124 Lahore.
Published 01 Nov, 2008 12:00am
Four cops among nine killed in Mardan suicide attack

Four cops among nine killed in Mardan suicide attack

At least nine people, including four policemen, were killed and 15 others sustained injuries when a suicide bomber blown himself up near the office of a senior police officer in Mardan on Friday. According to reports, Deputy Inspector General (DIG), Marda
Published 01 Nov, 2008 12:00am
Swiss franc rises versus euro

Swiss franc rises versus euro

The Swiss franc rose against the euro on Friday as investors turned wary about moving into riskier assets after stock markets in Asia fell, reflecting the bleak outlook for the global economy. "The Asian markets sold off overnight. We have had three days
Published 01 Nov, 2008 12:00am
UK opposes US incursions inside Pakistan

UK opposes US incursions inside Pakistan

Once again strongly opposing persistent US incursions inside Pakistan territory, the United Kingdom's Secretary of State for Justice, Jack Straw, on Friday urged the United States to respect the sovereignty and integrity of vital allies. Talking to 'AR
Published 01 Nov, 2008 12:00am
India overnight rate leaps

India overnight rate leaps

India's overnight lending rate leaped above 20 percent on Friday as banks stashed cash ahead of a government bond sale, squeezing rates to their highest since the global crisis broke in earnest over India earlier this month.
Published 01 Nov, 2008 12:00am
First PIA Haj flight leaves for Jeddah November 2

First PIA Haj flight leaves for Jeddah November 2

PIA's special Haj flight PK-1201 carrying 445 pilgrims on board will leave Benazir Bhutto International Airport here on Sunday morning, starting a month-long pre-Haj flights operation to airlift 165,000 pilgrims to Saudi Arabia for Haj this year.
Published 01 Nov, 2008 12:00am
Four cops among nine killed in Mardan suicide attack

Four cops among nine killed in Mardan suicide attack

At least nine people, including four policemen, were killed and 15 others sustained injuries when a suicide bomber blown himself up near the office of a senior police officer in Mardan on Friday. According to reports, Deputy Inspector General (DIG), Marda
Published 01 Nov, 2008 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Nov, 2008 12:00am
Stanford - I'm more hero than skunk

Stanford - I'm more hero than skunk

Texan billionaire Allen Stanford has issued a defiant eve-of-battle defence of his Twenty20 Super Series which concludes here Saturday with the 20 million dollar winner takes all showdown between England and his Caribbean Superstars.
Published 01 Nov, 2008 12:00am
Moscow property bubble to burst: top Russian banker

Moscow property bubble to burst: top Russian banker

The "bubble" in Moscow residential property is about to burst and sky-high prices in the centre of the city are likely to tumble, Russian billionaire banker Pyotr Aven said on Friday. Russian property prices have soared every year since 2000 after record
Published 01 Nov, 2008 12:00am
Pakistani apparel dealers get encouragement at Shanghai fair

Pakistani apparel dealers get encouragement at Shanghai fair

The suppliers from Pakistan participated in a big way in the Intertextile Shanghai Apparel Fair and got encouraging response from international buyers. As many as half a dozen companies dealing with apparel, weaving and textile accessories from Pakistan t
Published 01 Nov, 2008 12:00am
ISE-10 index remains flat

ISE-10 index remains flat

Islamabad Stock Exchange (ISE) continued to remain flat. ISE-10 Index closed at 2,003.17 without observing any change by the end of trading session. The volume of trade amounted to 21,035 shares as compared to previous turnover of 11,839 shares.
Published 01 Nov, 2008 12:00am
Board meetings in progress

Board meetings in progress

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

Published 01 Nov, 2008 12:00am
FIFA ready to work with new Polish FA leaders

FIFA ready to work with new Polish FA leaders

FIFA expressed satisfaction on Friday over the smooth running of Polish Football Association (PZPN) elections aimed at tackling alleged corruption within the game in Poland. World soccer's governing body said the elections had been held "according to the
Published 01 Nov, 2008 12:00am
PIMS treats 42 dengue fever patients in four months

PIMS treats 42 dengue fever patients in four months

Pakistan Institute of Medical Sciences (PIMS) treated 42 patients suffering from dengue fever during the last four months. According to hospital officials the patients mainly belonged to Haripur, Mansehra, KallerSaidan, Gujrat and Jehlum and their ages ra
Published 01 Nov, 2008 12:00am
Kazakhstan, partners sign Kashagan deal

Kazakhstan, partners sign Kashagan deal

Kazakhstan and a group of Western oil majors developing the huge Kashagan oilfield signed the final agreement on the future of the long-delayed project on Friday, capping months of hard negotiations. The stand-off over the Eni-led field started in August
Published 01 Nov, 2008 12:00am
Expectations from a noble profession

Expectations from a noble profession

It seems professionalism is almost dead everywhere while craze for money has overwhelmed all of us. During my illness I found how reputable hospitals are fleecing innocent people. Due to wrong medical treatment, many patients are suffering. Physicians sho
Published 01 Nov, 2008 12:00am
ISE-10 index remains flat

ISE-10 index remains flat

Islamabad Stock Exchange (ISE) continued to remain flat. ISE-10 Index closed at 2,003.17 without observing any change by the end of trading session. The volume of trade amounted to 21,035 shares as compared to previous turnover of 11,839 shares.
Published 01 Nov, 2008 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 01 Nov, 2008 12:00am
Premier Soccer: KRL win; PIA, Army draw

Premier Soccer: KRL win; PIA, Army draw

Two matches were decided in the Pakistan Premier Soccer League, as Khan Research Laboratories (KRL) defeated Pakistan Steel 3-1 while match between PIA and Army ended in 1-1 draw on Friday. Army collected 28 points after 16 matches while PIA recorded 18 p
Published 01 Nov, 2008 12:00am
Marriott blast: remand of accused extended for four days

Marriott blast: remand of accused extended for four days

The physical remand of four accused of September 20 deadly suicide blast at Marriott Hotel was on Friday extended for four days for further investigation. Sakhi Muhammad Kahut, judge, Anti-Terrorist Court II (ATC), Rawalpindi resumed the hearing of the ca
Published 01 Nov, 2008 12:00am
Sri Lanka annual inflation hits six-year high

Sri Lanka annual inflation hits six-year high

Sri Lanka's annual average inflation rose to 23.4 percent in October from 23.2 percent in September, the government said on Friday. It was the highest level on a new index, introduced last December, based on 2002 prices. However, consumer price inflation
Published 01 Nov, 2008 12:00am
Let KSE Board explain

Let KSE Board explain

It was a pleasant surprise to see the directors of the KSE on the television advising the nation that they have decided to continue with the floor requirements as the modalities for additional financing by the Government of Pakistan has not been 100% comp
Published 01 Nov, 2008 12:00am
LSE depicts 1.75 points marginal gain

LSE depicts 1.75 points marginal gain

Lahore stocks on Friday closed on depressed note amid insignificant trading while the LSE-25 index registered marginal improvement of 1.75 points. The index ended at 2825.36 against previous day's closing of 2823.61 while transaction volume was restricted
Published 01 Nov, 2008 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Friday (October 31, 2008).

Published 01 Nov, 2008 12:00am
Gambhir banned

Gambhir banned

Indian opener Gautam Gambhir was on Friday banned for one Test for his on-field clash with Australian all-rounder Shane Watson during the third Test here. Gambhir, top scorer for the hosts with 206 in the first innings, will miss the fourth and final Test
Published 01 Nov, 2008 12:00am
Local bodies by-election put off

Local bodies by-election put off

The Election Commission of Pakistan (ECP) on Friday announced postponement of the local bodies by-election, schedule to be held on November 17. A high-level meeting held at the ECP decided to postpone the by-elections on 380 vacant seats of local bodies i
Published 01 Nov, 2008 12:00am
Spanish economy contracts for first time since 1993

Spanish economy contracts for first time since 1993

Spain's economy contracted 0.2 percent in the third quarter compared with the previous three months, suffering its first quarterly decline since 1993 as a global financial crisis pushed the country towards recession.
Published 01 Nov, 2008 12:00am
In the hands of Afghanistan's Taliban, life is cheap

In the hands of Afghanistan's Taliban, life is cheap

We will behead him," threatens a 25-year-old, self-proclaimed Taliban, as day-long negotiations on the fate of a shopkeeper abducted five days ago reach a critical point. Four worried-looking male relatives of captured Abdul Ahmad sit with their backs aga
Published 01 Nov, 2008 12:00am
LSE depicts 1.75 points marginal gain

LSE depicts 1.75 points marginal gain

Lahore stocks on Friday closed on depressed note amid insignificant trading while the LSE-25 index registered marginal improvement of 1.75 points. The index ended at 2825.36 against previous day's closing of 2823.61 while transaction volume was restricted
Published 01 Nov, 2008 12:00am
Sehwag foils Australia's fightback

Sehwag foils Australia's fightback

Part-time off-spinner Virender Sehwag picked three key wickets to thwart Australia's grim fightback on the third day of the third Test here on Friday. Sehwag, 30, denied centuries to captain Ricky Ponting (87) and Matthew Hayden (83) before dismissing Mic
Published 01 Nov, 2008 12:00am
Survival of Pakistan linked to free judiciary: PTI

Survival of Pakistan linked to free judiciary: PTI

The Secretary General, Pakistan Tehrik-e-Insaf (PTI), Muhammad Arif Alvi has linked the survival and success of Pakistan with restoration of 'Independent Judiciary' and deposed judges including the chief justice of Pakistan, Iftikhar Mohammad Chaudhry.
Published 01 Nov, 2008 12:00am
Germany falls into recession in third quarter

Germany falls into recession in third quarter

German gross domestic product (GDP) probably contracted by about 0.25 percent in the July-September period, putting the economy into technical recession, a government official familiar with the data said. The official told Reuters on Friday that governmen
Published 01 Nov, 2008 12:00am
Framework for consolidated supervision of financial sector: SBP scheme

Framework for consolidated supervision of financial sector: SBP scheme

Key structural transformation has been the evolution of large and complex global financial institutions and structures that, given their inherent size and strengths, have promoted financial engineering and innovation, exploited new avenues of financial le
Published 01 Nov, 2008 12:00am
Emerging economies to be next victims: IMF chief

Emerging economies to be next victims: IMF chief

Emerging economies will be the next to topple in the global financial crisis, the head of the International Monetary Fund Dominique Strauss-Kahn wrote in article published here on Friday. Emerging countries are facing additional problems, Strauss-Kahn wro
Published 01 Nov, 2008 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 01 Nov, 2008 12:00am
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