AGL 38.54 Increased By ▲ 0.97 (2.58%)
AIRLINK 129.50 Decreased By ▼ -3.00 (-2.26%)
BOP 5.61 Decreased By ▼ -0.03 (-0.53%)
CNERGY 3.86 Increased By ▲ 0.09 (2.39%)
DCL 8.73 Decreased By ▼ -0.14 (-1.58%)
DFML 41.76 Increased By ▲ 0.76 (1.85%)
DGKC 88.30 Decreased By ▼ -1.86 (-2.06%)
FCCL 35.00 Decreased By ▼ -0.08 (-0.23%)
FFBL 67.35 Increased By ▲ 0.85 (1.28%)
FFL 10.61 Increased By ▲ 0.46 (4.53%)
HUBC 108.76 Increased By ▲ 2.36 (2.22%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.75 Decreased By ▼ -0.11 (-2.26%)
KOSM 6.95 Increased By ▲ 0.10 (1.46%)
MLCF 41.65 Decreased By ▼ -0.15 (-0.36%)
NBP 59.60 Increased By ▲ 1.02 (1.74%)
OGDC 183.00 Increased By ▲ 1.75 (0.97%)
PAEL 26.25 Increased By ▲ 0.55 (2.14%)
PIBTL 5.97 Increased By ▲ 0.14 (2.4%)
PPL 146.70 Decreased By ▼ -1.70 (-1.15%)
PRL 23.61 Increased By ▲ 0.39 (1.68%)
PTC 16.56 Increased By ▲ 1.32 (8.66%)
SEARL 68.30 Decreased By ▼ -0.49 (-0.71%)
TELE 7.23 Decreased By ▼ -0.01 (-0.14%)
TOMCL 35.95 Decreased By ▼ -0.05 (-0.14%)
TPLP 7.85 Increased By ▲ 0.45 (6.08%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.45 Decreased By ▼ -0.40 (-0.79%)
UNITY 26.75 Increased By ▲ 0.35 (1.33%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 9,806 Increased By 37.8 (0.39%)
BR30 29,678 Increased By 278.1 (0.95%)
KSE100 92,304 Increased By 366.3 (0.4%)
KSE30 28,840 Increased By 96.6 (0.34%)
Print - 2009-06-17
Chief Justice seeks detailed report about 'eunuchs'

Chief Justice seeks detailed report about 'eunuchs'

The Supreme Court is all set to do something for the betterment of most neglected segment of society 'eunuchs' as it ordered for a comprehensive survey to set a benchmark and device policy for welfare of this abandoned section of the society.
Published 17 Jun, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (June 16, 2009).

Published 17 Jun, 2009 12:00am
Government urged to focus on self-reliance for economic stability

Government urged to focus on self-reliance for economic stability

Pakistan Industrial and Traders Associations Front (PIAF) has urged the government to avoid more loans from international donors, and focus on cutting non-productive expenditures and creating more resources to achieve economic stability.
Published 17 Jun, 2009 12:00am
Rs 1.6 billion earmarked for sports sector, Rs 375 million for Auqaf

Rs 1.6 billion earmarked for sports sector, Rs 375 million for Auqaf

With special emphasis on developing quality sports infrastructure under an integrated programme covering both urban and rural areas, the Punjab government has enhanced the size of the development programme for sports sector to Rs 1,600 million in the budg
Published 17 Jun, 2009 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 17 Jun, 2009 12:00am
New IDP camps on the cards

New IDP camps on the cards

Federal Minister for States and Frontier Regions (SAFRON) Najamuddin Khan has emphasised the need for robust planning for the rehabilitation and reconstruction of conflict-stricken areas of the NWFP Province. The minister expressed these views while talki
Published 17 Jun, 2009 12:00am
The Weather

The Weather

The weather report on Tuesday (June 16, 2009) and the forecast for Wednesday (June 17, 2009).

Published 17 Jun, 2009 12:00am
Closer co-operation between UAF and University of California

Closer co-operation between UAF and University of California

Dr Jim Hill, Associate Dean of International Programs and College of Agricultural and Environmental Sciences, University of California Davis, USA has said that the similarity in the climate, agricultural ecology of Pakistan and the Californian state has p
Published 17 Jun, 2009 12:00am
Three firms to set up wind energy consortium

Three firms to set up wind energy consortium

A group of Pakistani, Chinese and Canadian companies agreed to establish a wind energy consortium in Pakistan. The group expresses its interests to invest in Pakistan with brand name 'AEROGENRATOR' to resolve energy crises. This project has been launched
Published 17 Jun, 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 17 Jun, 2009 12:00am
Rs 7.7 billion earmarked for LG&CD in Punjab budget 2009-10

Rs 7.7 billion earmarked for LG&CD in Punjab budget 2009-10

The Punjab government has earmarked Rs 7.7 billion for the Local Government and Community Development (LG&CD) in the provincial budget 2009-10, reducing the allocation by Rs 710 million as compared to the amount earmarked in last year's budget. The white
Published 17 Jun, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (June 16, 2009).

Published 17 Jun, 2009 12:00am
Rs 7.7 billion earmarked for LG&CD in Punjab budget 2009-10

Rs 7.7 billion earmarked for LG&CD in Punjab budget 2009-10

The Punjab government has earmarked Rs 7.7 billion for the Local Government and Community Development (LG&CD) in the provincial budget 2009-10, reducing the allocation by Rs 710 million as compared to the amount earmarked in last year's budget. The white
Published 17 Jun, 2009 12:00am
Pepco to induct over 3,000 megawatts electricity in system

Pepco to induct over 3,000 megawatts electricity in system

Pakistan Electric Power Company (Pepco) is working round the clock to make all possible arrangements for injecting more than 3000 MW electricity in the distribution system. The government has fixed a target of 3,858 MW power generation during the year 200
Published 17 Jun, 2009 12:00am
Rs four billion PEF budget approved

Rs four billion PEF budget approved

Chairman Board of Governors of Punjab Education Foundation (PEF) Raja Muhammad Anwar has said that the foundation has approved a budget of Rs 4 billion for the financial year 2009-2010 against the Rs 3 billion for the current financial year. He expressed
Published 17 Jun, 2009 12:00am
Rs four billion PEF budget approved

Rs four billion PEF budget approved

Chairman Board of Governors of Punjab Education Foundation (PEF) Raja Muhammad Anwar has said that the foundation has approved a budget of Rs 4 billion for the financial year 2009-2010 against the Rs 3 billion for the current financial year. He expressed
Published 17 Jun, 2009 12:00am
Setting up of LARMIS on the cards

Setting up of LARMIS on the cards

The Senior Member Board of Revenue Sindh Syed Ghulam Ali Shah Pasha has said that government had designed to establish Land Administration and Revenue Management Information System (LARMIS) within Revenue Department to ensure one-window operation services
Published 17 Jun, 2009 12:00am
Government fails to act on LEAs Margalla security advice

Government fails to act on LEAs Margalla security advice

The government has failed to act upon the recommendations given by law enforcement agencies to construct security posts after conducting survey of Margalla Hills to avert any possible infiltration from these mountains connecting Islamabad with NWFP.
Published 17 Jun, 2009 12:00am
EOBI projects in Sindh reviewed

EOBI projects in Sindh reviewed

Federal Minister for Labour and Manpower, Syed Khursheed Ahmed Shah presided over a high level meeting of the Worker's Welfare Board (WWB), Sindh, here today and reviewed the pace of development projects of the Employees Old Age Benefit Institute (EOBI) i
Published 17 Jun, 2009 12:00am
Sindh facing acute water shortage for Kharif crops

Sindh facing acute water shortage for Kharif crops

Production of crops for Kharif season would be badly affected due to shortage of irrigation water in Sindh province, it is learnt. The major crops of Sindh for Kharif are sugarcane, cotton and rice and acute shortage of water would ultimately result in lo
Published 17 Jun, 2009 12:00am
Sindh University announces results of MSc exams 2008

Sindh University announces results of MSc exams 2008

The Controller of Examinations University of Sindh has notified the results of M.Sc previous and M.Sc Final of Rural Development (External programme) under annual examination 2008 on Tuesday. According the announcement, 35 were declared successful in all
Published 17 Jun, 2009 12:00am
Over 1,320 IDP families registered by Nadra in Karachi

Over 1,320 IDP families registered by Nadra in Karachi

National Database and Registration Authority (Nadra) has registered over 1320 families and 10519 individuals IDPs in Karachi. Authority has already made special arrangements for registration of IDPs across the country at its Swift Registration Centers (NS
Published 17 Jun, 2009 12:00am
Best Corporate Report award goes to IGI Insurance

Best Corporate Report award goes to IGI Insurance

IGI Insurance Limited, part of the IGI Financial Services Group, was awarded the Best Corporate Report (BCR) Award in the Non Banking Financial Institutions Category. Salim Raza, Governor State Bank of Pakistan, presided over the ceremony held at a local
Published 17 Jun, 2009 12:00am
Etihad Airways launch new programme for Pakistan

Etihad Airways launch new programme for Pakistan

Etihad Airways, the national airline of the United Arab Emirates, has launched an exciting new programme for its travel trade partners across Pakistan, says a press release. According to the report, the Etihad Airways Abu Dhabi Grand Prix "Golden Winner"
Published 17 Jun, 2009 12:00am
PRAL seminar on direct debit facility held

PRAL seminar on direct debit facility held

Taxpayers Facilitation Division in collaboration with Pakistan Revenue Automation Limited (PRAL) arranged a seminar on direct debit facility at Large Taxpayers Unit, Lahore. A large number of corporate taxpayers attended the seminar. PRAL officers explain
Published 17 Jun, 2009 12:00am
BSE Karachi to set up inquiry cell to eradicate corruption

BSE Karachi to set up inquiry cell to eradicate corruption

The Board of Secondary Education (BSE), Karachi has decided to establish an inquiry cell at the entrance of the board office to eradicate corruption from the BSE. The new management of the BSE received many complaints regarding corruption in the board due
Published 17 Jun, 2009 12:00am
'Special Economic Zones' to be set up to attract investment: minister

'Special Economic Zones' to be set up to attract investment: minister

The government is planning to establish 'Special Economic Zones' to attract investment for speeding up the process of industrial revival. This was stated by Saleem Mandviwalla, Minister of State for Investment, while addressing the business community at I
Published 17 Jun, 2009 12:00am
New funds pledged for Commonwealth scholarships

New funds pledged for Commonwealth scholarships

As much as 1.6 million pounds sterling have been pledged by the donors for the Commonwealth scholarships on the eve of the 17th Conference of Commonwealth Education Ministers in Kuala Lumpur. The Anniversary Endowment Fund builds on the success of the Com
Published 17 Jun, 2009 12:00am
Sindh Budget 2009-2010

Sindh Budget 2009-2010

The Sindh government presented a rupees 327.18 billion budget, a 22 percent increase from the revised estimates of the current year, with total revenue estimated at 310 billion rupees, showing a budget deficit of 16.8 billion rupees. How does the Sindh go
Published 17 Jun, 2009 12:00am
Sindh Budget 2009-2010

Sindh Budget 2009-2010

The Sindh government presented a rupees 327.18 billion budget, a 22 percent increase from the revised estimates of the current year, with total revenue estimated at 310 billion rupees, showing a budget deficit of 16.8 billion rupees. How does the Sindh go
Published 17 Jun, 2009 12:00am
Getting the chief assassin

Getting the chief assassin

A decisive battle is said to be in the making to eliminate Baitullah Mehsud and dismantle his network. According to media reports, security forces have strengthened their positions around the 'Taliban heartland' in the South Waziristan Agency and a ground
Published 17 Jun, 2009 12:00am
Iranian election

Iranian election

According to final result of Iran's presidential election, fiercely fought by the two main contestants - President Mehmoud Ahmadinejad and Mir-Hossein Mousavi - and keenly observed by the West, the incumbent has won with 63 percent of the vote against 34
Published 17 Jun, 2009 12:00am
Good Morning: signs of changing times

Good Morning: signs of changing times

What is the profile of Pakistan that comes through in the Federal Budget 2009-2010? And what will be the image of the provinces in the provincial budgets for the same financial year? Without any doubt, the inadequacy of resources to run the country and th
Published 17 Jun, 2009 12:00am
New York cemetery goes on sale

New York cemetery goes on sale

For sale: a slice of New York with room for 3,000 new tenants - provided they're dead. The 13-acre (5.3 ha) Canarsie cemetery in New York's borough of Brooklyn, boasting space for as many as 3,000 more graves, is the latest and most unusual item on the ci
Published 17 Jun, 2009 12:00am
Bleak economic performance

Bleak economic performance

Economic Survey (ES) released by the Federal Government on 10 June depicted an all- round poor performance by economy during the outgoing fiscal year for multiple reasons of political uncertainty, challenges in the form of IDPs, rising prices of food, pet
Published 17 Jun, 2009 12:00am
Identity cards

Identity cards

Renewal of CNICs, is quite an ordeal and more so for the senior citizens. I suggest that women over 60 and men over 65 years of age may be spared from this trouble. They may not be required to get their CNICs renewed.
Published 17 Jun, 2009 12:00am
Two dacoits gangs arrested in Dera Ghazi Khan

Two dacoits gangs arrested in Dera Ghazi Khan

The district police arrested two gangs of dacoits and recovered looted goods worth millions of rupees, said DPO Dr Muhammad Rizwan on Tuesday. He said that seven members of the gangs have been arrested with six cars, six motorcycles, four Kalashnikovs, fo
Published 17 Jun, 2009 12:00am
FIC provided health facilities to 195,895 patients

FIC provided health facilities to 195,895 patients

With a view to provide advance health facilities to the masses under the directions of Chief Minister Punjab Muhammad Shahbaz Sharif as many as 195895 patients had been provided medical and diagnostic facilities from emergency. OPD, ETT, Holter, ECG, Eco
Published 17 Jun, 2009 12:00am
Rehabilitation of textile industry neglected in budget: MCCI

Rehabilitation of textile industry neglected in budget: MCCI

The Multan Chamber of Commerce & Industry (MCCI) has bitterly criticised the national budget for 2009-10, desrcibing it as pessimistic, and said that rehabilitation of the sinking textile industry was totally neglected and no bailout package was given for
Published 17 Jun, 2009 12:00am
PML-Q leader terms budget disappointing

PML-Q leader terms budget disappointing

The Pakistan Muslim League-Q leader and former Federal Minister for Food and Agriculture, Alhaj Sikandar Hayat Bosan, called the Federal, as well as the Provincial budget, as disappointing, as these had failed to provide any relief to the common man, indu
Published 17 Jun, 2009 12:00am
'Power crisis issue not addressed: substantially in budget'

'Power crisis issue not addressed: substantially in budget'

Imran Khan, Chief of Tehrik-i-Insaf, said that the power crisis was the second-most disastrous problem faced by the country after the scourge of terrorism, and the Federal budget did not have any substantial provision to deal with the crisis. In his telep
Published 17 Jun, 2009 12:00am
Apca rejects 15 percent ad hoc raise in salaries

Apca rejects 15 percent ad hoc raise in salaries

All Pakistan's Clerks Association (APCA) has rejected the 15 percent ad-hoc allowance, or increase in salaries, describing it a peanut-increase and decided to hold rallies and observe pen-down strike across the country. On Tuesday, a big rally was organis
Published 17 Jun, 2009 12:00am
Sheikh Yaqoob denounces Hurriyet leaders' detention

Sheikh Yaqoob denounces Hurriyet leaders' detention

The Chairman of Jammu and Kashmir Peoples League (JKPL), Sheikh Mohammad Yaqoob on Tuesday strongly denounced the illegal detention of Hurriyet leaders. According to Kashmir Media Service, Sheikh Mohammad Yaqoob in a statement issued in occupied Srinagar
Published 17 Jun, 2009 12:00am
World Day to combat desertification, drought today

World Day to combat desertification, drought today

The United Nations' World Day to Combat Desertification and Drought is annually observed on June 17 to highlight the urgent need to curb the desertification process. It also aims to strengthen the visibility of the drylands issue on the international envi
Published 17 Jun, 2009 12:00am
National internship programme commences

National internship programme commences

DCO Saeed Wahlah said that educated youngsters were a precious asset of our nation. They could play their role in the development and progress of the country by using their knowledge and qualities. He said that the government had provided an opportunity f
Published 17 Jun, 2009 12:00am
Cellular phone operators seek withdrawal of tax on SMS

Cellular phone operators seek withdrawal of tax on SMS

Cellphone operators have decided to approach the finance ministry to seek withdrawal of 20 paisa tax per SMS, which, they say, will hinder growth of the industry. It is learnt that cellular phone operators have started evolving a strategy and are preparin
Published 17 Jun, 2009 12:00am
Fesco constitutes special recovery teams

Fesco constitutes special recovery teams

Special recovery teams headed by District Managers have been constituted to ensure 100 percent recovery of Fesco dues, said Ahmad Saeed Akhtar Chief Executive (CE) Faisalabad Electric Supply Company (FESCO). Addressing a meeting of Fesco officers here Tue
Published 17 Jun, 2009 12:00am
'Transparency to be ensured in urea supply to growers'

'Transparency to be ensured in urea supply to growers'

Divisional Commissioner, Tahir Hussain, has said strict action will be taken against those elements found involved in hoarding and black-marketing of fertilisers. He said a comprehensive mechanism has been evolved to ensure transparency in the supply of u
Published 17 Jun, 2009 12:00am
52 percent use refrigerators to cool drinking water: survey

52 percent use refrigerators to cool drinking water: survey

Over half of Pakistanis (52%) use refrigerators to keep the water cool during summers, recent Gilani poll conducted by Gallup Pakistan revealed. Some other methods, which the respondents have claimed to use are, water coolers 28 percent, mud utensils 11 p
Published 17 Jun, 2009 12:00am
Relief activities will continue till return of IDPs: Wajid

Relief activities will continue till return of IDPs: Wajid

NWFP Minister for Environment, Wajid Ali Khan has said that relief activities will continue till the return of displaced persons to their homes. Talking to Voice of America (VOA) he said the provincial government is trying to ask people to return to their
Published 17 Jun, 2009 12:00am
AJK bans cell phones, smoking in educational institutions

AJK bans cell phones, smoking in educational institutions

Prime Minister of Azad Jammu and Kashmir, Sardar Muhammad Yaqoob Khan said on Tuesday that his government has imposed ban on use of cell phones and smoking in educational institutions of AJK. He also urged the youths to give up smoking and concentrate on
Published 17 Jun, 2009 12:00am
IGP orders strict security in Islamabad

IGP orders strict security in Islamabad

Inspector General of Police (IGP) Islamabad, Syed Kaleem Imam, has ordered strict security measures in Capital and ordered to ensure fool proof security to avert an untoward situation, the police spokesman said. He said Islamabad Police have further tight
Published 17 Jun, 2009 12:00am
US MIDDAY: gold jumps

US MIDDAY: gold jumps

Gold futures rose 1 percent early on Tuesday, partially recovering the previous session's losses, as a sharply lower dollar increased bullion's demand as a hedge against the falling US currency. August up $9.90, 1.1 percent, at $937.40 an ounce at 9:08 am
Published 17 Jun, 2009 12:00am
US MIDDAY: copper slides

US MIDDAY: copper slides

US copper futures surrendered early gains and fell to a one-week low Tuesday morning as fluctuations in the US dollar sapped strength in the metal, while surprisingly strong construction data offered underlying support. Copper for July delivery slipped 1.
Published 17 Jun, 2009 12:00am
US MIDDAY: wheat falls

US MIDDAY: wheat falls

Chicago Board of Trade wheat futures fell early on Tuesday, dropping to the lowest level in five weeks, amid pressure from the ongoing winter wheat harvest, traders said. At 11:18 am CDT (1618 GMT), CBOT July wheat was down 6-3/4 cents at $5.68-1/2 a bush
Published 17 Jun, 2009 12:00am
US MIDDAY: soyabeans slip

US MIDDAY: soyabeans slip

Chicago Board of Trade July soyabeans turned lower by Tuesday's midsession as traders took profits on the July/November spread after it stretched last week to nearly $2 a bushel, premium July. Old-crop July has been supported by tight nearby US stocks due
Published 17 Jun, 2009 12:00am
US MIDDAY: coffee, sugar and cocoa up

US MIDDAY: coffee, sugar and cocoa up

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Tuesday. September arabica coffee contract rose 1.40 cents to $1.2480 per lb at 11:05 am EDT (1505 GMT). Session range $1.2390 to $1.2550. Arabica futures corrected mildly higher wit
Published 17 Jun, 2009 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose in Europe on Tuesday as the dollar broadly weakened and an upturn in oil prices boosted bullion's appeal as a hedge against potential oil-induced inflation. The dollar slipped against a basket of currencies after Russia said the world needed new
Published 17 Jun, 2009 12:00am
London cocoa down, coffee rises

London cocoa down, coffee rises

Coffee and ICE cocoa futures recovered slightly on Tuesday from the previous session's losses on the back of a weaker dollar and a stronger price for oil. Sugar futures were little changed with the potential for a large delivery against July raws helping
Published 17 Jun, 2009 12:00am
US crude slips

US crude slips

Oil fell 15 cents on Tuesday afternoon, giving back early gains as the dollar strengthened and worries about the ailing world economy persisted. US crude settled 15 cents lower at $70.47, after rising as high as $72.77. London Brent crude settled unchange
Published 17 Jun, 2009 12:00am
Copper edges down

Copper edges down

Copper edged down on Tuesday to its lowest level in more than a week after a weak dollar failed to provide support as investors worried that prices might have exceeded fundamentals in the face of mixed economic data. Copper for three-months delivery on th
Published 17 Jun, 2009 12:00am
New York cotton at fresh seven-week low

New York cotton at fresh seven-week low

Cotton futures extended a losing streak to close on Tuesday at a fresh seven-week low as technical pressure kept the market on the defensive for now, brokers said. The July cotton contract fell 0.67 cent to finish at 52.43 cents per lb, dealing from 52.29
Published 17 Jun, 2009 12:00am
FTSE barely up

FTSE barely up

London's top share index closed 0.1 percent higher on Tuesday, recovering only a small part of Monday's sharp falls, as strength in defensive stocks was countered by falls in oils, miners, and banks. At the close, the FTSE 100 was up 2.56 points at 4,328.
Published 17 Jun, 2009 12:00am
Indian shares gain

Indian shares gain

Indian shares rose 0.55 percent on Tuesday as funds bought into index- and mid-cap stocks, snapping three straight days of losses, as the near-term outlook remained positive, dealers said. The benchmark 30-share Sensex rose 82.39 points to 14,957.91.
Published 17 Jun, 2009 12:00am
European CDS spreads widen

European CDS spreads widen

European credit spreads widened on Tuesday, reflecting a more cautious mood among investors in spite of a rebound in US equities after steep falls in the previous session. "There are a lot of sellers of CDS (credit default swaps) so it's widened out," sai
Published 17 Jun, 2009 12:00am
European CDS spreads widen

European CDS spreads widen

European credit spreads widened on Tuesday, reflecting a more cautious mood among investors in spite of a rebound in US equities after steep falls in the previous session. "There are a lot of sellers of CDS (credit default swaps) so it's widened out," sai
Published 17 Jun, 2009 12:00am
Hong Kong shares fall; Chinese stocks slip

Hong Kong shares fall; Chinese stocks slip

Hong Kong shares pulled back 1.8 percent on Tuesday as investors reassessed risk assets following weak economic data from the US, while resource-linked counters were hard hit by falling commodity prices. But new listing Lumena Resources Corp defied the sl
Published 17 Jun, 2009 12:00am
Tuesday's early afternoon trade: US stocks slide

Tuesday's early afternoon trade: US stocks slide

US stocks accelerated their drop on Tuesday as mixed economic data fed worries that the economic recovery may be anaemic, while Best Buy's disappointing results pointed to a still weak consumer. While a rebound in May housing starts pointed to some stabil
Published 17 Jun, 2009 12:00am
Dollar slips broadly in London

Dollar slips broadly in London

The dollar fell broadly on Tuesday as a recovery in European shares piqued appetite for currencies seen as higher-risk, while the euro extended gains after a strong reading of German economic sentiment.
Published 17 Jun, 2009 12:00am
Dollar borrowing rates at lifetime lows

Dollar borrowing rates at lifetime lows

The rates banks charge one another for loans fell on Tuesday, with the three-month rate marking a record low as credit conditions improved on cautious optimism the worst of the global financial crisis may be over. Traders cited indications funding needs a
Published 17 Jun, 2009 12:00am
Sterling climbs to highest level in seven months

Sterling climbs to highest level in seven months

Sterling rose to its highest level in seven months against a basket of currencies and its strongest since early December against the euro on Tuesday, boosted by firmer-than-expected UK inflation data. The UK annual consumer prices index fell to 2.2 percen
Published 17 Jun, 2009 12:00am
Refugee numbers set to surge in 2009: UN

Refugee numbers set to surge in 2009: UN

The number of people uprooted from their homes fell to 42 million in 2008 but is set to surge this year because of conflicts in Pakistan, Somalia and Sri Lanka, the UN refugee agency said Tuesday. The total of internally displaced people, refugees and asy
Published 17 Jun, 2009 12:00am
Sarkozy and African leaders in Gabon for Bongo ceremony

Sarkozy and African leaders in Gabon for Bongo ceremony

French President Nicolas Sarkozy and a dozen heads of state from around Africa gathered in Gabon on Tuesday to mark the death of President Omar Bongo after more than four decades in power. Around 40 heads of state or their representatives paid their last
Published 17 Jun, 2009 12:00am
Palestinians being treated 'like animals', says Carter

Palestinians being treated 'like animals', says Carter

Former US president Jimmy Carter on Tuesday met Hamas leader Ismail Haniya in the Gaza Strip, where he called for a lifting of Israel's blockade, saying Palestinians are being treated "like animals." Following the talks, Carter called for an end of "all v
Published 17 Jun, 2009 12:00am
Former Indonesia central bank head jailed for graft

Former Indonesia central bank head jailed for graft

Indonesia on Tuesday jailed a former central bank governor for corruption after the Supreme Court overturned an earlier ruling in a case involving a bank bailout in the late 1990s, a lawyer said. Former Bank Indonesia governor Sjahril Sabirin had complied
Published 17 Jun, 2009 12:00am
Iraqis take control of Baghdad's Green Zone

Iraqis take control of Baghdad's Green Zone

As the armoured car carrying Westerners cut to the front of the line at a checkpoint into Baghdad's heavily-fortified Green Zone, an enraged Iraqi leapt from his BMW and yelled at the occupants. "Do that again and I'll call General Farouk. He'll take all
Published 17 Jun, 2009 12:00am
New York cemetery goes on sale

New York cemetery goes on sale

For sale: a slice of New York with room for 3,000 new tenants - provided they're dead. The 13-acre (5.3 ha) Canarsie cemetery in New York's borough of Brooklyn, boasting space for us many as 3,000 more graves, is the latest and most unusual item on the ci
Published 17 Jun, 2009 12:00am
Georgia sees red after Russia vetoes UN monitors

Georgia sees red after Russia vetoes UN monitors

Georgia lashed out at Russia on Tuesday for vetoing a resolution to extend UN monitors' mandate in breakaway Abkhazia, saying Moscow did not want "witnesses" in the region. Russia quashed a Western-proposed resolution at the UN Security Council late on Mo
Published 17 Jun, 2009 12:00am
Obama reaffirms US commitment to defend South Korea

Obama reaffirms US commitment to defend South Korea

US President Barack Obama on Tuesday reaffirmed the US commitment to defend South Korea after talks with visiting President Lee Myung-Bak, at a time of escalating threats from North Korea. "We have reaffirmed the endurance of our alliance and America's co
Published 17 Jun, 2009 12:00am
Israel pushes Obama to allow some settlement growth

Israel pushes Obama to allow some settlement growth

Prime Minister Benjamin Netanyahu wants to negotiate a deal with Washington under which Israeli building in existing Jewish settlements can go forward in certain cases, Israeli and Western officials said on Tuesday. Under pressure from US President Barack
Published 17 Jun, 2009 12:00am
Afghan strategy was flawed: Nato chief

Afghan strategy was flawed: Nato chief

Making individual Nato members responsible for specific provinces in Afghanistan has hindered international co-operation efforts, Nato chief Jaap de Hoop Scheffer said in a magazine interview. "All countries like to think they are the champions of reconst
Published 17 Jun, 2009 12:00am
US expands human trafficking watchlist

US expands human trafficking watchlist

The Obama administration on Tuesday expanded the US watchlist of countries suspected of not doing enough to combat human trafficking, putting more than four dozen nations on notice that they may face sanctions unless their records improve.
Published 17 Jun, 2009 12:00am
Detainee claims to have lied under CIA torture

Detainee claims to have lied under CIA torture

Khalid Sheikh Mohammed, an accused top al Qaeda operative and self-confessed mastermind of the September 11 attacks, claimed to have lied under torture by the CIA, according to government transcripts released Monday. "I just make up stories," he said in b
Published 17 Jun, 2009 12:00am
Gavaskar backs embattled Indian captain Dhoni

Gavaskar backs embattled Indian captain Dhoni

Indian skipper Mahendra Singh Dhoni Tuesday received sound backing from the legendary Sunil Gavaskar, who refused to blame him for his team's shock ouster from the World Twenty20. Dhoni has found himself in the firing line for his decisions on the batting
Published 17 Jun, 2009 12:00am
Pakistan set for $10 million World Cup bonanza

Pakistan set for $10 million World Cup bonanza

Pakistan could earn more than 10 million dollars even if they don't host a single match in cricket's World Cup in 2011, the sport's governing body has indicated. The showpiece event is due to be co-hosted by South Asia's four Test nations - India, Pakista
Published 17 Jun, 2009 12:00am
Sri Lanka reach semi-finals

Sri Lanka reach semi-finals

Sri Lanka beat New Zealand by 48 runs to reach the World Twenty20 semi-finals in a must-win Super Eights match at Trent Bridge here on Tuesday. They join South Africa, West Indies and Pakistan in the last four. Earlier, skipper Kumar Sangakkara hit 35 to
Published 17 Jun, 2009 12:00am
Aboriginal team follows pioneers to Britain

Aboriginal team follows pioneers to Britain

A team of Aboriginal cricketers sets off for Britain on Saturday, following in the footsteps of a pioneering indigenous side recognised as the first to represent Australia in any sporting code. The original indigenous team toured England in 1868 - nine ye
Published 17 Jun, 2009 12:00am
PCB appoints Bari as interim chief selector

PCB appoints Bari as interim chief selector

Pakistan's cricket board said Tuesday they had appointed Wasim Bari as interim chief selector to pick the team for next month's series against Sri Lanka after Abdul Qadir quit the post. Bari, a former captain who is currently working for the Pakistan Cric
Published 17 Jun, 2009 12:00am
Pakistan not cheats, says Younus

Pakistan not cheats, says Younus

Pakistan captain Younus Khan said the additional scrutiny his team had been placed under at the World Twenty20 because of ball-tampering allegations was "embarrassing". Fast bowler Umar Gul's feat in taking a Twenty20 international record five wickets in
Published 17 Jun, 2009 12:00am
Aussies complete Women's World Twenty20 semi-final line-up

Aussies complete Women's World Twenty20 semi-final line-up

Australia defeated South Africa by 24 runs on Tuesday to claim the last place in the Women's World Twenty20 semi-finals. Australia made 164-6 but they were struggling at 79 for 5 at one stage before Karen Rolton (43) and Alex Blackwell (40 not out) rescue
Published 17 Jun, 2009 12:00am