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Print - 2009-04-29
Textile quality improves with R&D fund, but efficiency declines

Textile quality improves with R&D fund, but efficiency declines

With substantial improvement in quality, Pakistan's textile sector efficiency remained low in the region despite over Rs 50 billion research and development (R&D) support extended by the government since 2005. The federal government has been providing Rs
Published 29 Apr, 2009 12:00am
Training on livestock productivity enhancement starts

Training on livestock productivity enhancement starts

A weeklong training course on "Livestock Productivity Enhancement" began in the University of Veterinary and Animal Sciences (UVAS) Lahore on Tuesday. Vice-Chancellor Professor Dr Muhammad Nawaz inaugurated the training course sponsored by the EU-assisted
Published 29 Apr, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Tuesday (April 28, 2009).

Published 29 Apr, 2009 12:00am
Private sector asked to play role to overcome energy crisis

Private sector asked to play role to overcome energy crisis

Provincial Minister for Agriculture Ahmed Ali Aulakh said that we were wasting 35 MAF of water annually and we had not made a single dam for many years to utilise this water to fulfil our energy demands. He also emphasised on private sector to play its ro
Published 29 Apr, 2009 12:00am
Demand for locally assembled computers declines

Demand for locally assembled computers declines

The demand of locally assembled computers has diminished as over 65 per cent of the buyers go for the used imported computers which are available at a price of Rs 8000 against Rs 13,000 of the locally assembled computer of similar specifications.
Published 29 Apr, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (April 28, 2009).

Published 29 Apr, 2009 12:00am
Upholding workers' rights mandatory for national uplift, says Shahbaz

Upholding workers' rights mandatory for national uplift, says Shahbaz

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that honour is as important as economic prosperity and there is need for upholding rights and dignity of labourers and workers. He expressed his views while addressing the functions held in connectio
Published 29 Apr, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Tuesday (April 28, 2009).

Published 29 Apr, 2009 12:00am
Malaria eradication: WHO to provide Rs 800 million in five years

Malaria eradication: WHO to provide Rs 800 million in five years

World Health Organisation (WHO) has agreed to provide a grant of Rs 800 million to the Punjab government during the next five years for the eradication of Malaria in the province. Sources in the health department told Business Recorder on Tuesday t
Published 29 Apr, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Tuesday (April 28, 2009).

Published 29 Apr, 2009 12:00am
US delegation visits Aari

US delegation visits Aari

Pakistan possesses tremendous potential of increasing production of fruits and vegetables and export to foreign countries by adopting modern research management approach. This was stated by American delegation who visited Ayub Agricultural Research Instit
Published 29 Apr, 2009 12:00am
Pakistan proud to showcase strength at Shanghai Expo 2010: Masood Khan

Pakistan proud to showcase strength at Shanghai Expo 2010: Masood Khan

Terming the day as important day for Pakistan for Sino-Pak friendship as well as for Shanghai Expo-2010, Ambassador Masood Khan said that his country was proud to showcase its strengthen by participating in next year's mega exposition to be held in China'
Published 29 Apr, 2009 12:00am
'APHC to launch door-to-door polls boycott drive'

'APHC to launch door-to-door polls boycott drive'

The Chairman of All Parties Hurriyet Conference (APHC) in occupied Kashmir, Mirwaiz Umar Farooq said that the form will launch door-to-door election boycott campaign to foil polls drama being staged to hoodwink the international community.
Published 29 Apr, 2009 12:00am
Precautionary measures taken to counter swine flu: CAA

Precautionary measures taken to counter swine flu: CAA

Civil Aviation Authority have taken "precautionary measures" to counter the global swine flu epidemic threat, officials said Tuesday. "We have taken precautionary measures at all our international airports to check passengers coming from swine flu affecte
Published 29 Apr, 2009 12:00am
More efforts stressed to involve youth in healthy activities

More efforts stressed to involve youth in healthy activities

More efforts would be needed for organising sports tournaments across Swabi District to keep away the youth from bad activities. This was stated by NWFP Minister for Zaakat & Usher Haji Zarshad Khan Advocate while presiding over a meeting here Tuesday.
Published 29 Apr, 2009 12:00am
Sialkot to achieve wheat procurement target easily: minister

Sialkot to achieve wheat procurement target easily: minister

The Provincial Minister for Jails, Chaudhry Abdul Ghafoor has expressed his confidence that the Sialkot would easily achieve the target of purchasing 92,000 metric tones of wheat. The Food Department was purchasing wheat directly from the growers at nine
Published 29 Apr, 2009 12:00am
THE RUPEE: dollar inches up

THE RUPEE: dollar inches up

Slight fluctuations were seen on the currency market on Tuesday as the rupee moved slowly versus dollar in process of trading, money viewers said. On the interbank market the rupee inched down by one paisa against the dollar for buying at 80.48 while the
Published 29 Apr, 2009 12:00am
Precautionary measures taken to counter swine flu: CAA

Precautionary measures taken to counter swine flu: CAA

Civil Aviation Authority have taken "precautionary measures" to counter the global swine flu epidemic threat, officials said Tuesday. "We have taken precautionary measures at all our international airports to check passengers coming from swine flu affecte
Published 29 Apr, 2009 12:00am
THE RUPEE: dollar inches up

THE RUPEE: dollar inches up

Slight fluctuations were seen on the currency market on Tuesday as the rupee moved slowly versus dollar in process of trading, money viewers said. On the interbank market the rupee inched down by one paisa against the dollar for buying at 80.48 while the
Published 29 Apr, 2009 12:00am
IHK authorities put Nayeem Khan under house arrest

IHK authorities put Nayeem Khan under house arrest

The authorities in occupied Kashmir have put APHC leader Nayeem Ahmed Khan under house arrest. According to Kashmir Media Service, Nayeem Ahmed Khan, talking to a delegation of mediamen who called on him at his residence, deplored that on one hand, India
Published 29 Apr, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 28, 2009).

Published 29 Apr, 2009 12:00am
US MIDDAY: gold drops two percent

US MIDDAY: gold drops two percent

US gold futures fell 2 percent on Tuesday as sharply lower platinum prices tempted investors to lock in profits following bullion's recent sharp rally. Gold for June delivery was down $18.70, or 2.1 percent, at $889.50 an ounce at 10:54 am EDT (1454 GMT)
Published 29 Apr, 2009 12:00am
US MIDDAY: soya turns down

US MIDDAY: soya turns down

Chicago Board of Trade old-crop soyabean contracts turned lower early Tuesday, led by May amid talk of easing US soya export demand, traders said. CBOT May soyabean futures dropped 11-3/4 cents per bushel to trade at $9.93. Traders were also exiting May p
Published 29 Apr, 2009 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 28, 2009).

Published 29 Apr, 2009 12:00am
US MIDDAY: copper lower

US MIDDAY: copper lower

US copper futures opened with another round of sharp losses on Tuesday as fears over the economic impact of a potential flu pandemic and renewed jitters in the financial sector weighed on sentiment, but a slide in the dollar trimmed early losses. Copper f
Published 29 Apr, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (April 28, 2009).

Published 29 Apr, 2009 12:00am
US MIDDAY: cocoa up, coffee little changed

US MIDDAY: cocoa up, coffee little changed

US cocoa reversed higher in early trade Tuesday, partially retracing the previous day's losses with a boost from the firm pound, while arabica coffee futures were little changed in choppy dealings, traders said. Arabica coffee for July delivery up 0.25 ce
Published 29 Apr, 2009 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (April 28, 2009).

Published 29 Apr, 2009 12:00am
US MIDDAY: sugar softens

US MIDDAY: sugar softens

Raw sugar futures on ICE Futures US at 1144 GMT. July raw sugar contract eased 0.06 cent to early low of 13.83 cents per lb. Session top at 13.95 cents. Volume in July contract at 6,229 lots.
Published 29 Apr, 2009 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (April 28, 2009) and for Wednesday (April 29, 2009).
Published 29 Apr, 2009 12:00am
Gold falls in Europe

Gold falls in Europe

Gold slipped 2.5 percent in Europe on Tuesday on technical selling, with traders disappointed over the metal's failure to sustain its rally to a near four-week high in the previous session. Losses in gold pressured other precious metals, with platinum and
Published 29 Apr, 2009 12:00am
Sugar futures rise in London

Sugar futures rise in London

Raw sugar, cocoa and coffee prices rose on Tuesday as soft commodity markets began to recover after Monday's swine flu-inspired setback. Trading in raw sugar futures was dominated by rollover business ahead of expiry of the ICE May contract on Thursday, a
Published 29 Apr, 2009 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 29 Apr, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (April 28, 2009).

Published 29 Apr, 2009 12:00am
Oil falls as flu adds to demand concerns

Oil falls as flu adds to demand concerns

Oil prices fell on Tuesday on concerns the swine flu outbreak could further depress fuel demand, already hard hit by the global financial crisis. US crude oil settled 22 cents lower at $49.92 a barrel, off earlier lows of $48.55. London Brent fell 33 cent
Published 29 Apr, 2009 12:00am
The Weather

The Weather

The weather report on Tuesday (April 28, 2009) and the forecast for Wednesday (April 29, 2009).

Published 29 Apr, 2009 12:00am
New York cotton futures settle lower

New York cotton futures settle lower

Cotton futures settled lower on Tuesday on investor sales as the market came off a six-month high and appears set to consolidate while waiting for fresh leads, brokers said. The most-active July cotton contract added 0.32 cent to close at 52.75 cents per
Published 29 Apr, 2009 12:00am
Copper trims losses

Copper trims losses

Copper pared losses on Tuesday after falling over 4 percent to a three-week low on Tuesday, as US consumer confidence data dragged down the dollar, making metals cheaper for local currency holders. Other commodities such as oil and gold dropped as world s
Published 29 Apr, 2009 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 29 Apr, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (April 28, 2009).

Published 29 Apr, 2009 12:00am
PML-N leader gunned down

PML-N leader gunned down

The leader of Pakistan Muslim League-Nawaz (PML-N) was gunned down by two unidentified motorcyclists in the limits of Meethadahar police station on Tuesday. According to police, two unknown persons riding on motorcycle opened fire on PML-N Sindh's joint s
Published 29 Apr, 2009 12:00am
Key stock and currency market movements

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 29 Apr, 2009 12:00am
Government urged to take notice of Passco's 'excesses'

Government urged to take notice of Passco's 'excesses'

Kisan Board Pakistan (KBP) has urged the federal government to take notice of what it said 'excesses' of Pakistan Agricultural Storage and Services Corporation (Passco) and direct them to facilitate the growers in the wheat procurement drive.
Published 29 Apr, 2009 12:00am
PMA calls for merit-based policy for promotions

PMA calls for merit-based policy for promotions

The Pakistan Medical Association (PMA), Karachi, has called for a comprehensive, transparent and merit-based policy for the promotion of doctors. This was stated by the general secretary of PMA Karachi, Dr Samrina Hashmi, in a statement here on Tuesday.
Published 29 Apr, 2009 12:00am
National Assembly witnesses rowdy scenes over Talibanisation issue

National Assembly witnesses rowdy scenes over Talibanisation issue

The 12th session of the National Assembly was prorogued Tuesday for an indefinite period, as both sides of the divide in the rowdy House exchanged allegations and counter allegations over the issue of Talibanisation, instead of framing any effective secur
Published 29 Apr, 2009 12:00am
Pims formulates promotion, careers planning committee

Pims formulates promotion, careers planning committee

Pakistan Institute of Medical Sciences (Pims) has formulated its promotion and careers planning committee, here on Tuesday. According to Pims spokesman Director Administration Dr Minhaj us Siraj after approval from the Executive Director has issued the of
Published 29 Apr, 2009 12:00am
Security situation dominates debate on President's address

Security situation dominates debate on President's address

Senator S. M. Zafar of Pakistan Muslim League-Quaid (PML-Q) has called upon all the political parties to evolve a charter of security by setting aside Charter of Democracy (CoD) to cope with the current unrest and security concerns threatening the very ex
Published 29 Apr, 2009 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

It is widely believed that the people who really matter in this country never share full truth. The half-truth told by them never served the country but serves the interest of the ruling elite. On Monday, the National Assembly session was prorogued all of
Published 29 Apr, 2009 12:00am
Farah Hameed case: National Assembly body summons Dogar on May 6

Farah Hameed case: National Assembly body summons Dogar on May 6

National Assembly standing committee on education Tuesday summoned former Chief Justice of Pakistan former Justice Abdul Hameed Dogar in its meeting to be held on May 6, reopening the controversial issue of awarding extra marks to Farah Hameed Dogar.
Published 29 Apr, 2009 12:00am
Weak banks, commodities, flu fears push FTSE down

Weak banks, commodities, flu fears push FTSE down

Britain's leading share index fell 1.7 percent on Tuesday hit by fears banks may need more capital and weak commodity issues amid intensifying concerns over the impact of a swine flu outbreak. At the close the FTSE 100 was 70.61 points lower at 4,096.40,
Published 29 Apr, 2009 12:00am
Asian bond spreads steady

Asian bond spreads steady

Asian bond spreads were largely steady in cautious trade on Tuesday as investors assessed the economic impact of the swine flu disease, which could prolong a world-wide slowdown. "With the experience of Sars behind us, we are better prepared to deal with
Published 29 Apr, 2009 12:00am
Philippines shares lower

Philippines shares lower

Philippines share prices closed 1.06 percent lower on Tuesday due to global concerns over the swine flu outbreak and a fall on Wall Street, dealers said. The composite index lost 22.13 points to close at 2,063.50 while the all-shares index gave up 0.88 pe
Published 29 Apr, 2009 12:00am
Asian bond spreads steady

Asian bond spreads steady

Asian bond spreads were largely steady in cautious trade on Tuesday as investors assessed the economic impact of the swine flu disease, which could prolong a world-wide slowdown. "With the experience of Sars behind us, we are better prepared to deal with
Published 29 Apr, 2009 12:00am
Tuesday's midday trade: Wall Street rises modestly

Tuesday's midday trade: Wall Street rises modestly

US stocks rose modestly on Tuesday as a dividend hike at IBM and reassuring data that could signal a bottom in the economic cycle offset concerns that major banks may need to raise more money. International Business Machines Corp was a bright spot for the
Published 29 Apr, 2009 12:00am
Indian shares fall 3.25 percent

Indian shares fall 3.25 percent

Indian shares fell 3.25 percent on Tuesday as investor sentiment weakened, tracking global markets that have reacted to the outbreak of swine flu, dealers said. The benchmark 30-share Sensex fell 370.1 points to 11,001.75, snapping three straight days of
Published 29 Apr, 2009 12:00am
Markit iTraxx indices widen on flu, bank worries

Markit iTraxx indices widen on flu, bank worries

European credit derivative indexes held slightly wider throughout Tuesday on concerns that the flu epidemic would drag on the economy and on uncertainty about the capital adequacy of some top US banks.
Published 29 Apr, 2009 12:00am
Indian rupee down

Indian rupee down

The Indian rupee dropped for a second day on Tuesday, falling to a one-week low as a slide of more than 3 percent in the stock market fuelled worries of a revival in risk aversion among foreigners. The partially convertible rupee closed at 50.52/53 per do
Published 29 Apr, 2009 12:00am
Markit iTraxx indices widen on flu, bank worries

Markit iTraxx indices widen on flu, bank worries

European credit derivative indexes held slightly wider throughout Tuesday on concerns that the flu epidemic would drag on the economy and on uncertainty about the capital adequacy of some top US banks.
Published 29 Apr, 2009 12:00am
Yen rises broadly in London

Yen rises broadly in London

The dollar gained marginally while the yen strengthened against other major currencies on Tuesday, as risk sentiment was hit by renewed concerns about the US banking sector and tumbling share prices. The Japanese currency hit a seven-week high against the
Published 29 Apr, 2009 12:00am
Pound rises on UK data

Pound rises on UK data

Sterling inched up on Tuesday after unexpectedly strong UK retail sales prompted a rebound from early losses, while ongoing concerns about the spread of swine flu kept risk aversion high and limited gains. The pound hit a one-month low versus the yen in e
Published 29 Apr, 2009 12:00am
Libor rates ease despite new bank worries

Libor rates ease despite new bank worries

The rate that banks charge each other to borrow three-month dollar funds fell to a near 6-year low on Tuesday, despite news that fuelled concerns about the capital health of some major US banks. The Wall Street Journal reported US regulators have told Ban
Published 29 Apr, 2009 12:00am
Swine flu cases increase, hurting markets, airlines

Swine flu cases increase, hurting markets, airlines

A new swine flu virus that has killed 149 people in Mexico was found further around the world on Tuesday and the spectre of a pandemic began to hit air travel. The United States, Canada and the European Union advised people to avoid non-essential travel t
Published 29 Apr, 2009 12:00am
Asian aviation in crisis

Asian aviation in crisis

Top Asia-Pacific airlines have suffered big losses from slowing traffic and higher fuel costs and a difficult outlook has been further clouded by the swine flu crisis, an industry group said Tuesday. "For 2008, AAPA member airlines reported an aggregate n
Published 29 Apr, 2009 12:00am
Libyan Lockerbie bomber files appeal in Scotland

Libyan Lockerbie bomber files appeal in Scotland

Lawyers for the former Libyan agent jailed over the 1988 Lockerbie plane bombing, in which 270 people were killed, on Tuesday launched an appeal against his conviction. They also claimed that Abdelbaset Ali Mohmet al-Megrahi's health was worsening as he b
Published 29 Apr, 2009 12:00am
Pope hears victims' 'silent cry' in quake zone

Pope hears victims' 'silent cry' in quake zone

Pope Benedict comforted survivors of Italy's earthquake on Tuesday and asked God to heed the "silent cry" of its victims rising from the earth. During a four-hour visit to the central Italian region devastated on April 6, he called for a "serious examinat
Published 29 Apr, 2009 12:00am
Colombian drug kingpin gets 30 years in US prison

Colombian drug kingpin gets 30 years in US prison

Colombian drug trafficker Eugenio Montoya, whose cartel exported almost 70 percent of cocaine sold in the United States and Europe, was sentenced in a Miami court Tuesday to 30 years in prison. Montoya, who was extradited to the United States from Colombi
Published 29 Apr, 2009 12:00am
Singaporean gets 18 years

Singaporean gets 18 years

A Singaporean Islamist who trained for "holy war" in Afghanistan and met Osama bin Laden in 2000 was sentenced to 18 years' jail Tuesday under Indonesia's anti-terrorism law. Mohammad Hasan bin Saynudin, 35, yelled "Allahu akbar" (God is greater) as the s
Published 29 Apr, 2009 12:00am
UN concerned on Sri Lanka civilians, EU hits visit move

UN concerned on Sri Lanka civilians, EU hits visit move

The United Nations told Sri Lanka on Tuesday of concern over casualties among civilians trapped with rebels, and the European Union criticised Colombo for excluding a Swedish minister from an EU mission. Sweden recalled its ambassador to Sri Lanka after F
Published 29 Apr, 2009 12:00am
Africa not benefiting from foreign land deals

Africa not benefiting from foreign land deals

Africa is giving vast tracts of farmland to rich nations looking to feed their own people without ensuring those on the world's hungriest continent benefit, the African Union (AU) said on Tuesday. Countries in Asia and the Gulf that are mainly reliant on
Published 29 Apr, 2009 12:00am
Maliki confirms Baghdadi in custody

Maliki confirms Baghdadi in custody

Iraqi Prime Minister Nuri al-Maliki confirmed on Tuesday that the authorities are holding Abu Omar al-Baghdadi, said to be the leader of the local al Qaeda umbrella group blamed for a wave of bloodshed across the nation. Iraqi security forces released wha
Published 29 Apr, 2009 12:00am
Somali gunmen free two European aid workers

Somali gunmen free two European aid workers

Somali gunmen freed two European aid workers on Tuesday without receiving a ransom after holding them for nine days in one of the world's most dangerous places for relief agencies, local leaders said. Attacks on humanitarian staff in the Horn of Africa co
Published 29 Apr, 2009 12:00am
Army raids Madagascar constitutional court

Army raids Madagascar constitutional court

Armed forces raided the offices of Madagascar's constitutional court on Monday, firing warning shots in the air and arresting at least three renegade soldiers. An AFP correspondent saw several soldiers enter the building and fire at least three warning sh
Published 29 Apr, 2009 12:00am
Palestinians, Venezuela establish diplomatic ties

Palestinians, Venezuela establish diplomatic ties

The Venezuelan government and the Palestinian Authority formally established relations Monday with the opening of a Palestinian diplomatic mission in Caracas. Venezuelan President Hugo Chavez "is the most popular leader in the Arab world because of his co
Published 29 Apr, 2009 12:00am
Indian court orders fresh probe into 2002 Gujarat riot

Indian court orders fresh probe into 2002 Gujarat riot

The Supreme Court ordered a fresh probe on Monday into one of India's worst religious riots, including the role of a top Hindu-nationalist leader in the violence that killed thousands, court officials said. Narendra Modi, chief minister of the western Guj
Published 29 Apr, 2009 12:00am
Khmer Rouge jail chief says infamous regulations sign fake

Khmer Rouge jail chief says infamous regulations sign fake

A Khmer Rouge jail chief on trial for the torture and execution of thousands of people said Monday that an infamous sign listing prison regulations was fabricated by Vietnamese who overthrew the late 1970s regime. Kaing Guek Eav, 66, alias Duch, commanded
Published 29 Apr, 2009 12:00am
Britain would consider taking Guantanamo detainees

Britain would consider taking Guantanamo detainees

British Justice Secretary Jack Straw said Monday his country would consider taking Guantanamo Bay detainees if the United States asks for such help to close the detention facility. Before Straw met with US Attorney General Eric Holder, reporters asked the
Published 29 Apr, 2009 12:00am
Belarus president breaks isolation, invites pope

Belarus president breaks isolation, invites pope

Belarussian President Alexander Lukashenko, long shunned by the West, on Monday met Pope Benedict on a trip to Italy that ends more than a decade of diplomatic isolation. Lukashenko, accused by critics of crushing fundamental rights in his country, was al
Published 29 Apr, 2009 12:00am
Obama vows return to US science prominence

Obama vows return to US science prominence

President Barack Obama pledged Monday to return the United States to a "high water mark" of scientific achievement, announcing a goal to commit three percent of GDP to research and development.
Published 29 Apr, 2009 12:00am
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