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Nov 29, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2008-11-22
Singapore shares higher

Singapore shares higher

Singapore shares closed 2.98 percent higher on Friday, rebounding with buying in blue chips, dealers said. The Straits Times Index ended up 48.15 points at 1,662.10 after trading 2.28 percent lower shortly after opening. Volume totalled 1.17 billion share
Published 22 Nov, 2008 12:00am
Nikkei average rises

Nikkei average rises

Japan's Nikkei average rose 2.7 percent on Friday, buoyed by short-covering on hopes of Wall Street gains and defying increasingly grim economic news, with Sony Corp and other exporters climbing as the yen fell. Sumitomo Mitsui Financial Group also rose a
Published 22 Nov, 2008 12:00am
Asian risk premiums rise

Asian risk premiums rise

Asian risk premiums rose on Friday, with South Korean bond spreads jumping, amid deepening fears about the global economy and the fate of struggling US corporate giants such as Citigroup and General Motors.
Published 22 Nov, 2008 12:00am
Asian risk premiums rise

Asian risk premiums rise

Asian risk premiums rose on Friday, with South Korean bond spreads jumping, amid deepening fears about the global economy and the fate of struggling US corporate giants such as Citigroup and General Motors.
Published 22 Nov, 2008 12:00am
Thai share prices gain

Thai share prices gain

Thai share prices rose 0.93 percent on Friday, gaining from a technical rebound but still under-performing compared with other regional markets, analysts said. The Stock Exchange of Thailand (SET) composite index gained 3.66 points to close at 397.51 poin
Published 22 Nov, 2008 12:00am
US government debt market rally

US government debt market rally

The US government debt market rallied on Thursday, sending the two-year note yield at record low, as recession fears hammered global stock markets and spurred safety bids for bonds and cash. The benchmark 10-year Treasury yield fell to its lowest in nearl
Published 22 Nov, 2008 12:00am
US government debt market rally

US government debt market rally

The US government debt market rallied on Thursday, sending the two-year note yield at record low, as recession fears hammered global stock markets and spurred safety bids for bonds and cash. The benchmark 10-year Treasury yield fell to its lowest in nearl
Published 22 Nov, 2008 12:00am
Hong Kong stocks rise

Hong Kong stocks rise

Hong Kong stocks rose 2.9 percent on Friday, as US stock futures pointed to a recovery on Wall Street and talk swirled of another round of rate cuts in China, sending mainland lenders soaring. But the main index finished the week 6.5 percent lower, its wo
Published 22 Nov, 2008 12:00am
Seoul shares higher

Seoul shares higher

Seoul shares ended 5.80 percent higher on Friday, above the 1,000 benchmark level and rewinding an earlier 3.6 percent loss as shipbuilders and carmakers rallied after their latest steep drops. Speculation of a Chinese interest rate cut at the weekend hel
Published 22 Nov, 2008 12:00am
US stocks plunge again

US stocks plunge again

US stocks plunged yet again on Thursday, as a frantic flight from risk prompted by investors' deepening economic fears drove the benchmark Standard & Poor's 500 index to its lowest level since 1997 - completing the erasure of more than a decade of stock m
Published 22 Nov, 2008 12:00am
Yuan falls in NDFs

Yuan falls in NDFs

China's yuan fell against the dollar on Friday in offshore non-deliverable forwards while volatilities rose, as a global surge of the US currency to a 19-month high cast a shadow over the yuan's long-term trend. The US Dollar Index touched a high of 88.36
Published 22 Nov, 2008 12:00am
Yen slips on stock rebound

Yen slips on stock rebound

The yen slipped from three-week highs against the dollar and euro on Friday as Asian shares rebounded sharply and Japan's finance minister warned about market swings, prompting investors to trim their bets on the Japanese currency. Tokyo's Nikkei share av
Published 22 Nov, 2008 12:00am
US dollar sinks versus yen

US dollar sinks versus yen

The US dollar slumped versus the yen on Thursday, squeezed by Wall Street's plunge as fears of a world-wide downturn that was much deeper than initially thought made investors seek shelter in the safest assets. The greenback and yen, meanwhile, rose again
Published 22 Nov, 2008 12:00am
Australian dollar springs back

Australian dollar springs back

A battered Australian dollar came back from the brink on Friday as central bank intervention and a late bounce in Asian stocks helped calm an offshore rout that had seen it down over 4 percent at one stage. In late trade, the Aussie dollar had clawed its
Published 22 Nov, 2008 12:00am
Asian currencies recover by regional stocks

Asian currencies recover by regional stocks

A bounce in Asian stocks and talk of a temporary revival in investors' risk appetite helped the Korean won recover from 11-year lows against the dollar on Friday, even as the Indonesian rupiah stayed under pressure. The rupiah hit 13,100 per dollar in tra
Published 22 Nov, 2008 12:00am
Swiss franc at one-month low

Swiss franc at one-month low

The Swiss franc fell to a fresh one-month low against the euro, extending the previous day's losses spurred by the Swiss National Bank's historic 100 basis point interest rate cut. The SNB slashed rates for the third time in six weeks on Thursday, lowerin
Published 22 Nov, 2008 12:00am
Exhibition hockey match today

Exhibition hockey match today

Pakistan Hockey Federation (PHF) has finalised necessary arrangements for holding first-ever exhibition hockey match under floodlights here on Saturday with a musical evening here at National hockey stadium. Chairman of the organising committee of the mat
Published 22 Nov, 2008 12:00am
Gerrard pledges to finish career at Liverpool

Gerrard pledges to finish career at Liverpool

Liverpool captain Steven Gerrard has pledged to finish his career with the Premier League club. Gerrard has two and a half years to run on his current contract and the England midfielder is keen to sign an extension that would enable him to see out his pl
Published 22 Nov, 2008 12:00am
England captain seeks centuries in India

England captain seeks centuries in India

England need big scores in India if the tourists are to turn around a 3-0 deficit in the seven-match one-day series, captain Kevin Pietersen said on Friday. "We knew coming to India we needed to score hundreds to stay competitive and we have not got a hun
Published 22 Nov, 2008 12:00am
Bangladesh batsmen, weather hold up South Africa

Bangladesh batsmen, weather hold up South Africa

Determined batting and heavy rain stopped South Africa's push for victory on the third day of the first Test against Bangladesh at Springbok Park on Friday. Bangladesh were 67 for three in their second innings when the umpires took the players off the fie
Published 22 Nov, 2008 12:00am
Ilyas named head of junior selection team

Ilyas named head of junior selection team

Pakistan Cricket Board (PCB) has appointed former test cricketer Muhammad Ilyas as chairman of national junior selection committee. The national junior selection committee is comprised of Muhammad Ilyas (chairman), Basit Ali, Furrukh Zaman, Ali Ahmad, Asi
Published 22 Nov, 2008 12:00am
Manzoor hails PCB Chairman's vision

Manzoor hails PCB Chairman's vision

Pakistan Sportsmen Welfare Association's Secretary General Manzoor Ali Arif has hailed Pakistan Cricket Board (PCB)'s Chairman Ijaz Butt for inducting former test cricket Abdul Qadir as Chairman Selection Committee of PCB. Induction of Intikhab Alam, Jave
Published 22 Nov, 2008 12:00am
New Zealand apology for 'all white' gaffe ahead of West Indies tour

New Zealand apology for 'all white' gaffe ahead of West Indies tour

Embarrassed cricket bosses in the southern New Zealand city of Dunedin have apologised for promoting a Test against the West Indies with the slogan, "It's all white here." The West Indies are due to play a Test against New Zealand in Dunedin next month an
Published 22 Nov, 2008 12:00am
Spanish minister blasts 'deeply unfair' Atletico ruling

Spanish minister blasts 'deeply unfair' Atletico ruling

The decision by sport's highest court to uphold a ruling that Atletico Madrid must play a Champions League match in an empty stadium because of alleged racist behaviour by its fans is "deeply unfair", Spanish Interior Minister Alfredo Perez Rubalcaba said
Published 22 Nov, 2008 12:00am
Etoile and Sfaxien seek historic African triumph

Etoile and Sfaxien seek historic African triumph

Etoile Sahel or title holders CS Sfaxien will create history Saturday by becoming the first club to win the African Confederation Cup twice after the all-Tunisia final. The odds have tilted slightly toward the Etoile 'Red Devils' after forcing a 0-0 first
Published 22 Nov, 2008 12:00am
German al Qaeda suspect extradited from Turkey

German al Qaeda suspect extradited from Turkey

A German suspected of being part of an al Qaeda cell and arrested in Turkey has been extradited to Germany, the Federal Prosecutor's Office said on Friday. The 23-year-old German, identified only as Attila S., is suspected of planning attacks against US t
Published 22 Nov, 2008 12:00am
House of leading Chinese rights activist demolished

House of leading Chinese rights activist demolished

Authorities destroyed the home of leading Chinese rights activist Ni Yulan on Friday in front of her distraught husband who pleaded with the government to release her from jail. Up to 200 police surrounded the central Beijing courtyard home of activist la
Published 22 Nov, 2008 12:00am
Pentagon chief seeks Afghan south strategy change

Pentagon chief seeks Afghan south strategy change

US Defence Secretary Robert Gates on Friday urged Nato allies to modify their military strategy to combat the growing Taliban influence in Afghanistan's poppy-growing southern region.
Published 22 Nov, 2008 12:00am
Bangladeshi 'battling begums' exchange good wishes

Bangladeshi 'battling begums' exchange good wishes

Bangladesh's former prime ministers Sheikh Hasina and Begum Khaleda Zia, dubbed the "battling begums" for their long-running enmity, exchanged good wishes for the first time in 18 years at a military ceremony on Friday. Hasina and Khaleda shook hands, smi
Published 22 Nov, 2008 12:00am
Madonna and Ritchie granted 'quickie' divorce

Madonna and Ritchie granted 'quickie' divorce

US pop star Madonna and Guy Ritchie ended eight years of marriage in a few minutes on Friday when a British court granted them a "quickie" divorce. Neither Madonna, 50, nor British film director Ritchie, 40, were in court for the hearing, according to the
Published 22 Nov, 2008 12:00am
US attorney general collapses, hospitalised

US attorney general collapses, hospitalised

US Attorney General Michael Mukasey remained under close observation in hospital Friday after collapsing while giving a speech in Washington, a Justice Department official said. Mukasey, 67, was giving remarks late Thursday to an annual dinner of the Fede
Published 22 Nov, 2008 12:00am
China plans $440 billion investment in quake-hit province

China plans $440 billion investment in quake-hit province

China is to spend nearly 440 billion dollars by 2010 on rebuilding the quake-hit south-western province of Sichuan and helping it cope with the global economic crisis, an official said Friday. Total investment in the province, funded by the government, ba
Published 22 Nov, 2008 12:00am
Guinea-Bissau former ruling party wins landslide victory

Guinea-Bissau former ruling party wins landslide victory

Guinea-Bissau's former ruling PAIGC party won a clear parliamentary majority in last weekend's poll, seeing off a new formation allied to President Joao Bernardo "Nino" Vieira and boosting hopes for stability. The African Party for the Independence of Gui
Published 22 Nov, 2008 12:00am
Asia not responsible for 'brown haze': India

Asia not responsible for 'brown haze': India

India on Friday dismissed as "propaganda" a UN report suggesting the formation of a brown cloud over Asia was due to the burning of fossil fuels by countries in the region. The UN report earlier this week said enormous brown clouds of pollution hanging ov
Published 22 Nov, 2008 12:00am
Landmine casualties affecting more countries

Landmine casualties affecting more countries

Myanmar was the only country that used landmines in the past year, an international coalition reported Friday, adding that Turkey, Greece and Belarus failed to meet their deadlines to destroy stockpiles of the weapon.
Published 22 Nov, 2008 12:00am
Gaza on brink of humanitarian disaster: UN

Gaza on brink of humanitarian disaster: UN

Gaza faces a humanitarian "catastrophe" if Israel continues to prevent aid reaching the territory by blocking crossing points, the head of the main UN aid agency for the Palestinians said on Friday. Karen AbuZayd, commissioner-general of the United Nation
Published 22 Nov, 2008 12:00am
Three civilians killed in Afghanistan

Three civilians killed in Afghanistan

Three civilians were killed and four Afghan soldiers were wounded Friday when a suicide car bomb exploded in front of an army base in southern Afghanistan, officials said. The blast occurred in Shahjoy district of Zabul province, provincial vice governor
Published 22 Nov, 2008 12:00am
Iranian cleric calls for fairness from atomic body

Iranian cleric calls for fairness from atomic body

The head of the UN nuclear watchdog Mohamed ElBaradei should report on Iran's nuclear programme neutrally and with fairness, an influential cleric said on Friday after this week's report on Iran's atomic work. Akbar Hashemi Rafsanjani, also a former presi
Published 22 Nov, 2008 12:00am
China and Taiwan hold high-level meeting

China and Taiwan hold high-level meeting

Chinese President Hu Jintao met here Friday with a senior Taiwan envoy in the highest-level meeting to take place overseas between the rivals since their split in 1949, officials said. Taiwan's former premier Lien Chan, who is honorary chairman of the isl
Published 22 Nov, 2008 12:00am
US wary of normal Nato-Russia ties likelihood

US wary of normal Nato-Russia ties likelihood

The United States raised doubts about the prospect of a fast return to normal ties between Nato and Russia after the Georgian war on Friday, despite a European Union move to restart partnership talks with Moscow. The 26-nation military alliance scaled bac
Published 22 Nov, 2008 12:00am
IAEA hardens fear of covert Syria nuclear site: US

IAEA hardens fear of covert Syria nuclear site: US

The United States said on Friday the first independent monitoring report on an alleged Syrian nuclear site had hardened suspicions that Syria was building a covert reactor and would raise pressure on it to come clean. The International Atomic Energy Agenc
Published 22 Nov, 2008 12:00am
20 killed in Mogadishu

20 killed in Mogadishu

At least 20 people, including 11 insurgents, were killed on Friday in fighting pitting Islamist rebels against Somali government and Ethiopian forces in the capital Mogadishu, residents said. The insurgents who already control large parts of the country a
Published 22 Nov, 2008 12:00am
Islamists on trail of Somali pirates

Islamists on trail of Somali pirates

Dozens of Somali Islamist insurgents stormed a port on Friday hunting the pirates behind the seizure of a Saudi supertanker that was the world's biggest hijack, a local elder said. The Sirius Star - a Saudi vessel with a $100 million oil cargo and 25-man
Published 22 Nov, 2008 12:00am
Bangalore gets its first foreign consulate

Bangalore gets its first foreign consulate

German Foreign Minister Frank-Walter Steinmeier on Friday opened the first foreign consulate in India's information-technology hub of Bangalore. More than 120 German firms operate in or near the southern city of 8 million people, including carmaker Daimle
Published 22 Nov, 2008 12:00am
US envoy to Libya confirmed

US envoy to Libya confirmed

The Senate has confirmed the nomination of career diplomat Gene Cretz as the first US ambassador to Libya in 36 years, the State Department said Friday. Cretz's confirmation by the Senate comes after the United States and Libya cleared the last hurdle to
Published 22 Nov, 2008 12:00am
Myanmar junta jails comedian for 45 years

Myanmar junta jails comedian for 45 years

A secret court in military-ruled Myanmar sentenced popular comedian and activist Zarganar to 45 years prison on Friday, the latest in a series of lengthy jail terms handed down on more than 100 dissidents, relatives said. Zarganar, whose real name is Ko T
Published 22 Nov, 2008 12:00am
Russian parliament approves longer presidential terms

Russian parliament approves longer presidential terms

Russian lawmakers gave final approval Friday to a bill extending presidential terms, after a speech on the economy by Prime Minister Vladimir Putin revived speculation over his political ambitions. The bill, which sailed through the State Duma, the lower
Published 22 Nov, 2008 12:00am
US urges new North Korea nuclear talks

US urges new North Korea nuclear talks

The United States is to urge China at weekend talks to host a new meeting of the six-party negotiations on North Korea's nuclear program, US officials said Friday. The main US goal was to get back to the negotiating table to put in place verification proc
Published 22 Nov, 2008 12:00am
India faces 500,000 textile job losses

India faces 500,000 textile job losses

The Indian textile industry, the country's second-largest foreign exchange earner, will lose half a million jobs by April 2009 due to the global financial crisis, a government official warned Friday. The sector is estimated to employ around 38 million wor
Published 22 Nov, 2008 12:00am
Thousands protest in Iraq against US troops pact

Thousands protest in Iraq against US troops pact

Followers of Shia cleric Moqtada al-Sadr marched on Friday against a pact letting US forces stay in Iraq until 2011, toppling an effigy of President George W. Bush where US troops once tore down a statue of Saddam Hussein. Thousands of demonstrators chant
Published 22 Nov, 2008 12:00am
Indian rupee gains

Indian rupee gains

The Indian rupee strengthened on Friday from a near-record low, supported by the central bank and underpinned by a late rally in the stock market. Traders have been watching the stock market for direction after foreign funds turned heavy sellers over the
Published 22 Nov, 2008 12:00am
Sterling keeps broad gains

Sterling keeps broad gains

Sterling bounced off a 13-year low against the yen on Friday, as the low-yielding unit's rally on global recession worry stalled after Japan's finance minister warned about extreme market moves. The yen's broad fall also helped the pound to build gains ve
Published 22 Nov, 2008 12:00am
Dollar and yen plummet in London

Dollar and yen plummet in London

The dollar and the yen fell sharply against higher-yielding currencies on Friday as a rebound in global stocks from the previous day's rout prompted some investors to creep back into riskier assets. European shares managed to stay in positive territory, t
Published 22 Nov, 2008 12:00am
Interbank rates inch lower

Interbank rates inch lower

Three-month interbank lending rates in sterling and euros extended a steady fall on Friday but spreads between interbank and policy rates showed persisting reluctance among banks to expose themselves to credit risks.
Published 22 Nov, 2008 12:00am
Indian shares rise 5.49 percent

Indian shares rise 5.49 percent

Indian shares rose 5.49 percent on Friday, snapping seven straight trading days of losses, reacting to gains seen across Asian and European markets, dealers said. The benchmark 30-share Sensex rose 464.2 points to 8,915.21. "The markets were heavily overs
Published 22 Nov, 2008 12:00am
FTSE slides 2.4 percent

FTSE slides 2.4 percent

Britain's top share index ended 2.4 percent lower on Friday as fears over the fate of banking giant Citi and nervousness about the global economy gripped investors, leading them to sell relatively risky equities. The FTSE 100 closed down 94.03 points at 3
Published 22 Nov, 2008 12:00am
European credit spreads drift tighter

European credit spreads drift tighter

European credit spreads were marginally tighter on Friday, retreating from already high levels after the Crossover index hit a record of around 935 basis points shortly after the open. By 1630 GMT, the investment-grade Markit iTraxx Europe index was at 18
Published 22 Nov, 2008 12:00am
European credit spreads drift tighter

European credit spreads drift tighter

European credit spreads were marginally tighter on Friday, retreating from already high levels after the Crossover index hit a record of around 935 basis points shortly after the open. By 1630 GMT, the investment-grade Markit iTraxx Europe index was at 18
Published 22 Nov, 2008 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

A divided lower House on Friday was prorogued amid yelling, protest, and walk out on question whether NWFP can be called Pukhtunkhwah without bringing an amendment in the Constitution. Some parliamentarians losing temper was the worst part of the proceedi
Published 22 Nov, 2008 12:00am
Quick dispatch of wheat from Karachi ports to up-country directed

Quick dispatch of wheat from Karachi ports to up-country directed

Prime Minister Syed Yousuf Raza Gilani has directed the Ministry of Food to take immediate measure to ensure expeditious dispatch of imported wheat from Karachi ports to up-country. He also directed the concerned authorities to ensure that the government
Published 22 Nov, 2008 12:00am
IMF not set condition to tax agriculture: National Assembly told

IMF not set condition to tax agriculture: National Assembly told

Minister of State for Finance and Revenue Hina Rabbani Khar on Friday made it clear that International Monetary Fund (IMF) did not set any condition of taxing agriculture. She also informed the National Assembly that black money amounting to Rs 21 billion
Published 22 Nov, 2008 12:00am
CDWP meets to consider 45 uplift projects today

CDWP meets to consider 45 uplift projects today

The Central Development Working Party (CDWP) would meet on Saturday in the Planning Commission to consider around 45 development projects worth over Rs 100 billion. Deputy Chairman Planning Commission Salman Farooqui will chair the meeting and representat
Published 22 Nov, 2008 12:00am
Government defends renaming of NWFP

Government defends renaming of NWFP

The government on Friday defended renaming of the NWFP as Pukhtunkhwah saying that the provincial assembly has adopted unanimous resolutions to rename the province. The government defended its move after the MNA, Pakistan Muslim League -N (PML-N), Captain
Published 22 Nov, 2008 12:00am
Banned Lashkar-e-Jhangvi regrouping in Karachi: Rehman

Banned Lashkar-e-Jhangvi regrouping in Karachi: Rehman

Advisor to Prime Minister on Interior Rehman Malik has said that the banned sectarian outfit, Lashkar-e-Jhangvi (LJ) was regrouping in Karachi, adding al Qaeda has been using LJ, Sipah-e-Sahaba and Tehreek-e-Taliban for carrying out terrorist activities i
Published 22 Nov, 2008 12:00am
Media freedom most important commitment of PPP manifesto: Sherry

Media freedom most important commitment of PPP manifesto: Sherry

The Federal Minister for Information and Broadcasting Sherry Rehman said that media freedom is the most important commitment of the Pakistan Peoples Party manifesto and the government considers media curbs as a violation of fundamental constitutional righ
Published 22 Nov, 2008 12:00am
Relief camp established for IDPs

Relief camp established for IDPs

The Government of Pakistan has established a relief camp for the Internally Displaced People (IDPs) from Swat and Bajaur in Malakand. The camp has 316 tents with the capacity to accommodate more than four thousand people. The District Co-ordinating Office
Published 22 Nov, 2008 12:00am
Descon sets up tent village in quake-hit areas

Descon sets up tent village in quake-hit areas

The Descon Engineering Limited, in close collaboration with local authorities and Pakistan Army has established a tent village for more than four hundred individuals of sixty families in the quake stricken areas of Balochistan.
Published 22 Nov, 2008 12:00am
Social welfare projects: US envoy pledges assistance

Social welfare projects: US envoy pledges assistance

The US ambassador to Pakistan Anne. W. Peterson here on Friday in a meeting with Minister for Social Welfare and Special Education Samina Khalid Ghurki assured of assistance in the upcoming projects in social welfare.
Published 22 Nov, 2008 12:00am
EU considers Pakistan as extremely important country

EU considers Pakistan as extremely important country

The European Union (EU) considered Pakistan as an extremely important country, especially in the context of peace and stability in the region. This was stated by French Ambassador while speaking at a dinner last evening hosted in honour of Foreign Ministe
Published 22 Nov, 2008 12:00am
Multi-pronged investment strategy on anvil

Multi-pronged investment strategy on anvil

The Oil and Gas sector of Pakistan have great potential and scope for both foreign and local investors and government is offering incentives in this regard, said Waqar Ahmed Khan, Federal Minister for Investment here on Friday.
Published 22 Nov, 2008 12:00am
New York cotton futures sharply higher

New York cotton futures sharply higher

Cotton futures settled higher on Friday on all-around buying sparked mostly by news that a major merchant took most of the deliveries in the spot December cotton contract, which apparently means it sees higher prices ahead, brokers said. The March cotton
Published 22 Nov, 2008 12:00am
Copper recovers

Copper recovers

Copper touched new 3-year lows before recovering on bargain hunting on Friday, but another rise in warehouse stocks and concerns over future demand for industrial metals capped any major advances. "Until there is a turnaround in the physical demand pictur
Published 22 Nov, 2008 12:00am
World oil rallies from 3-1/2-year low

World oil rallies from 3-1/2-year low

Oil rose 1 percent on Friday as stock markets recovered from early lows caused by continuing economic gloom. US crude rose 51 cents to $49.93 a barrel, after earlier dipping to $48.25, the lowest level in 3-1/2 years. London Brent crude settled up $1.11 a
Published 22 Nov, 2008 12:00am
London cocoa rises

London cocoa rises

Cocoa futures rose on Friday, underpinned by stronger stock markets, higher oil prices and a weaker dollar, while coffee and sugar edged lower in two-way investor dealings. In US cocoa futures, attention was also focused on recent slow arrivals of West Af
Published 22 Nov, 2008 12:00am
Gold jumps in London

Gold jumps in London

Gold jumped almost 6 percent to its highest in a month on Friday, buoyed by a weakening dollar and rising oil prices while other precious metals rallied, tracking bullion's gains. Spot gold rose to $789.55 an ounce, its highest since October 21 and was at
Published 22 Nov, 2008 12:00am
US MIDDAY: coffee, cocoa rebound

US MIDDAY: coffee, cocoa rebound

Arabica coffee and US cocoa futures bounced in early trading Friday, retracing Thursday's slippage, as the dollar weakened and as outside markets rebounded on expectations of further interest rate cuts, traders said. Arabica coffee for March delivery up 0
Published 22 Nov, 2008 12:00am
US MIDDAY: sugar edges up

US MIDDAY: sugar edges up

Raw sugar futures on ICE Futures US at 1330 GMT. March raw sugar contract up 0.06 cent at 11.57 cents per lb. Trading from 11.41 to 11.63 cents. Volume at 4,524 lots. "Light investor buying, players eye leads," said traders.
Published 22 Nov, 2008 12:00am
US MIDDAY: corn falls

US MIDDAY: corn falls

Chicago Board of Trade corn futures fell about 2 percent early on Friday as a global glut of feed grains weighed on prices, while soybean futures followed corn down before rebounding, traders said.
Published 22 Nov, 2008 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

US copper futures bounced from new 3-1/2-year lows early Friday on upbeat broader market sentiment, but poor demand for the industrial metal would likely re-energise the downside next week, traders said.
Published 22 Nov, 2008 12:00am
US MIDDAY: gold climbs

US MIDDAY: gold climbs

US gold futures jumped 6 percent to a one-month high on Friday, rallying above $790 an ounce on strong chart-based buying as investors fretting about stock market volatility flocked to precious metals as a safe haven. December gold rose $45.10, or 6 perce
Published 22 Nov, 2008 12:00am
Two trade teams from IHK to visit AJK in December

Two trade teams from IHK to visit AJK in December

Two separate trade delegations from occupied Kashmir will be reaching Muzaffarabad in third week of next month for a week-long visit of Azad Jammu and Kashmir to give an impetus through discussing ideas for the promotion of the cross-LoC trade between AJK
Published 22 Nov, 2008 12:00am
ICI donates Rs two million for quake victims

ICI donates Rs two million for quake victims

ICI Pakistan and its employees have donated Rs 2 million for the rehabilitation of people in quake hit areas of Ziarat. In addition to this donation, ICI Pakistan has also set up medical camps at Wam and Kawas, some of the most effected areas of District
Published 22 Nov, 2008 12:00am
Turkey donates $1 million for Balochistan quake victims

Turkey donates $1 million for Balochistan quake victims

Ambassador of Turkey Engin Soysal called on Prime Minister Syed Yousuf Raza Gilani at the Prime Minister House on Friday to present a cheque of one million dollars to him as donation from his government for the earthquake victims of Balochistan.
Published 22 Nov, 2008 12:00am
BT cotton technology: Shahbaz greeted for signing accord with China

BT cotton technology: Shahbaz greeted for signing accord with China

Punjab Minister for Agriculture Malik Ahmed Ali Aulakh has congratulated Chief Minister Shahbaz Sharif for signing an agreement with China for BT cotton technology, finally breaking the monopoly of American and European multinational technology providers.
Published 22 Nov, 2008 12:00am
Achievement of land reclamation goal possible: Cheema

Achievement of land reclamation goal possible: Cheema

Pakistan can achieve its goal of land reclamation through utilising a mechanism of Alberta Oil Sand Mining Land Reclamation which is not only environment friendly but a solid solution to utilise land resources properly.
Published 22 Nov, 2008 12:00am
Army air defence conducts firing exercise

Army air defence conducts firing exercise

Pakistan Army Air Defence conducted their annual practice fire exercise in the semi-desert Khudai Ranges near Muzaffargarh on Friday. According to an Inter-Services Public Relations (ISPR) press release, Commander Army Air Defence Lieutenant General Ashra
Published 22 Nov, 2008 12:00am
Rs 14.585 million project of olive plantation launched in Khyber Agency

Rs 14.585 million project of olive plantation launched in Khyber Agency

An olive plantation project costing Rs 14.585 million is being launched at Akakhel Maira of Bara Tehsil in Khyber Agency under the Sustainable Plans Development Program (SPDP). The project envisages establishment of community farms on 2000 acres land unde
Published 22 Nov, 2008 12:00am
92,000 intending pilgrims airlifted to Saudi Arabia

92,000 intending pilgrims airlifted to Saudi Arabia

More than 92,000 intending pilgrims have so far been airlifted to Saudi Arabia to perform forthcoming Haj since the beginning of pre-Haj flights operation on November 02, to transport 160,000 pilgrims selected under government and private schemes.
Published 22 Nov, 2008 12:00am
Good for depositors

Good for depositors

I was happy to read that NIB Bank's paid up capital is to be increased to Rs 40.00 billion, and its majority shareholders will subscribe its shares. NIB's network of 240 branches, attractive deposit products and rates are beneficial to NIB depositors.
Published 22 Nov, 2008 12:00am
Increasing street crimes

Increasing street crimes

Street crimes are increasing day by day in our country. It is no more safe to have cell phone because its could be snatched anytime. There may be hardly anyone who has not faced such a thing. People sometimes don't buy an expensive cell phone, women don't
Published 22 Nov, 2008 12:00am
Fuel smugglers eclipse Kosovo ethnic rivalries

Fuel smugglers eclipse Kosovo ethnic rivalries

Unlike their political counterparts still at loggerheads over Kosovo, the Balkan territory's Albanian and Serbian criminal gangs have found common ground -- running a fuel smuggling network. One of the immediate consequences of Kosovo's secession from Ser
Published 22 Nov, 2008 12:00am
US automakers get little sympathy in struggle for survival

US automakers get little sympathy in struggle for survival

Chief executives from the United States' iconic Big Three automakers faced a skeptical audience this week as they took their plea for a 25-billion-dollar bail-out to US lawmakers. Despite warnings of an economic "tsunami" if any one of GeneralMotors Corp,
Published 22 Nov, 2008 12:00am
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