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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-06-24
EU and US launch trade case against China

EU and US launch trade case against China

The United States and European Union on Tuesday began a case against China at the World Trade Organisation over its export restrictions on industrial raw materials, saying Beijing was trying to tilt the playing field in favour of its own industries.
Published 24 Jun, 2009 12:00am
UK and Iran order tit-for-tat diplomatic expulsions

UK and Iran order tit-for-tat diplomatic expulsions

Britain said on Tuesday it was throwing out two Iranian diplomats in response to Tehran's expulsion of two British diplomats as relations hit a new low following Iran's disputed presidential election. Iran accused the British diplomats of "activities inco
Published 24 Jun, 2009 12:00am
US existing home sales rise

US existing home sales rise

Sales of previously owned homes in the United States rose at a slower-than-expected pace in May, an industry survey showed on Tuesday, pointing to a sluggish recovery from the severe economic recession. The National Association of Realtors said sales rose
Published 24 Jun, 2009 12:00am
UK and Iran order tit-for-tat diplomatic expulsions

UK and Iran order tit-for-tat diplomatic expulsions

Britain said on Tuesday it was throwing out two Iranian diplomats in response to Tehran's expulsion of two British diplomats as relations hit a new low following Iran's disputed presidential election. Iran accused the British diplomats of "activities inco
Published 24 Jun, 2009 12:00am
Thai Senate approves stimulus decree

Thai Senate approves stimulus decree

Thailand's Senate has approved a fast-track executive decree authorising the government to borrow 400 billion baht ($11.7 billion) to finance economic stimulus spending and fiscal deficits. The upper house of parliament passed the bill tabled by Prime Min
Published 24 Jun, 2009 12:00am
Opec and EU say regulation needed to stop oil bubble

Opec and EU say regulation needed to stop oil bubble

Oil markets risk another speculative bubble unless the financial sector is reformed and transparency increased, but prices are not yet a threat to economic recovery, the EU and Opec said after joint talks on Tuesday. US oil was trading at around $68 a bar
Published 24 Jun, 2009 12:00am
Gold prices six-week low in Asia

Gold prices six-week low in Asia

Gold prices fell to a six-week low on Tuesday, with firmness in the dollar sapping demand as investors awaited the Federal Reserve's two-day policy meeting starting later in the day and its economic outlook. The dollar was firmer against the euro and most
Published 24 Jun, 2009 12:00am
Mass layoffs jump tie record

Mass layoffs jump tie record

The number of mass layoffs by US employers rose last month to tie a record set in March, according to government data released on Tuesday that suggested the labour market has yet to stabilise. The Labour Department said the number of mass layoff actions -
Published 24 Jun, 2009 12:00am
Philippines rejects World Bank recession forecast

Philippines rejects World Bank recession forecast

The Philippines' Finance Secretary on Tuesday rejected forecasts by the World Bank that Manila would fall into a recession this year. "We're focused and I think we can hit 0.8 percent (gross domestic product growth)," Margarito Teves told reporters. "The
Published 24 Jun, 2009 12:00am
EU and US launch trade case against China

EU and US launch trade case against China

The United States and European Union on Tuesday began a case against China at the World Trade Organisation over its export restrictions on industrial raw materials, saying Beijing was trying to tilt the playing field in favour of its own industries.
Published 24 Jun, 2009 12:00am
Boeing delays Dreamliner test flight again

Boeing delays Dreamliner test flight again

Boeing Co said on Tuesday that the first flight of its long-delayed 787 Dreamliner would be postponed once more to reinforce an area within the side-of-body section of the aircraft. The revolutionary carbon-composite aircraft, which is already two years b
Published 24 Jun, 2009 12:00am
EU and US launch trade case against China

EU and US launch trade case against China

The United States and European Union on Tuesday began a case against China at the World Trade Organisation over its export restrictions on industrial raw materials, saying Beijing was trying to tilt the playing field in favour of its own industries.
Published 24 Jun, 2009 12:00am
US copper lower

US copper lower

US copper futures settled at a three-week low below $2.15 a lb on Monday, as a strong dollar and expectations of waning purchases from the world's top consumer China combined to drag prices lower. Copper for September delivery plunged 11.75 cents, or 5.2
Published 24 Jun, 2009 12:00am
Government believes in trade: Zardari

Government believes in trade: Zardari

President Asif Ali Zardari said here on Tuesday that the National Finance Commission (NFC) Award would be announced this year. Talking to senior journalists at the Bilawal House he said the government is trying its level best to develop the country. He ma
Published 24 Jun, 2009 12:00am
Shanghai copper rebounds

Shanghai copper rebounds

Shanghai copper rose on Tuesday as investors resumed buying after prices fell over the last three sessions, encouraged by signs the Chinese economy will remain strong. London copper also recovered from losses of more than 5 percent on Monday when a firmer
Published 24 Jun, 2009 12:00am
Rare show of consensus in National Assembly

Rare show of consensus in National Assembly

Combined opposition on Tuesday walked out of the National Assembly while the government ally Muttahida Qaumi Movement (MQM) boycotted the proceedings protesting against the proposed increase in electricity tariff by withdrawing power subsidy from July 1,
Published 24 Jun, 2009 12:00am
German consumer confidence rising

German consumer confidence rising

German consumer confidence is rising, helped by an increase in income expectations and a stable job market amid the recession, a survey showed Tuesday. But despite the improvements, research groups continued to slash their growth forecasts, suggesting the
Published 24 Jun, 2009 12:00am
Japan pushes back fiscal reform as debt burden grows

Japan pushes back fiscal reform as debt burden grows

Japan's government backtracked on 220 billion yen ($2.3 billion) in welfare spending cuts on Tuesday in a bid to lure voters, but the move could send bond yields higher as markets fret over the government's fiscal discipline. The government effectively pu
Published 24 Jun, 2009 12:00am
Inter-Arab investments up despite financial crisis

Inter-Arab investments up despite financial crisis

Direct foreign investments to the Arab world increased 20 percent in 2008 compared to the previous year, even as the region grappled with the impact of the global economic meltdown, the head of an Arab investment body said Monday. The gains, which came ev
Published 24 Jun, 2009 12:00am
Japan pushes back fiscal reform as debt burden grows

Japan pushes back fiscal reform as debt burden grows

Japan's government backtracked on 220 billion yen ($2.3 billion) in welfare spending cuts on Tuesday in a bid to lure voters, but the move could send bond yields higher as markets fret over the government's fiscal discipline. The government effectively pu
Published 24 Jun, 2009 12:00am
Eastern Europe to suffer if western banks pull out: EBRD economist

Eastern Europe to suffer if western banks pull out: EBRD economist

Eastern Europe will suffer deeply if major western European banks withdraw from the region and concerted action was needed to keep these lenders engaged there, a European Bank for Reconstruction and Development (EBRD) economist said on Tuesday.
Published 24 Jun, 2009 12:00am
Patchy monsoon may hurt India's economic recovery

Patchy monsoon may hurt India's economic recovery

A patchy start to India's annual monsoon has raised doubts about a nascent economic upturn, as the poor rainfall in June could hurt growth, push up food prices and prompt more government spending to support farmers. The monsoon, crucial to a farm sector t
Published 24 Jun, 2009 12:00am
UK mortgage arrears rate eases in first quarter: FSA

UK mortgage arrears rate eases in first quarter: FSA

The number of British households falling behind for the first time with their mortgage payments eased in the first quarter of 2009, helped by lower interest rates, the Financial Services Authority said on Monday. There were 60,000 new arrears cases in the
Published 24 Jun, 2009 12:00am
'EU to unveil bank guidelines, pharmaceutical report soon'

'EU to unveil bank guidelines, pharmaceutical report soon'

European Union antitrust regulators will soon present guidelines to help banks that are recipients of state aid return to viability, EU Competition Commissioner Neelie Kroes said on Tuesday. She also said the European Commission would release its final re
Published 24 Jun, 2009 12:00am
New South Korean banknote makes debut after 36-year wait

New South Korean banknote makes debut after 36-year wait

South Korea Tuesday issued its first high-denomination banknote for 36 years, ending an era of bulging wallets and raising hopes among retailers that consumers may be enticed to spend more. The 50,000-won (39 dollar) bill is the highest-value note since t
Published 24 Jun, 2009 12:00am
US gold drops

US gold drops

US gold futures fell toward $920 an ounce Monday, losing nearly 2 percent as tumbling crude oil prices decreased funds buying bullion as a hedge, triggering broad-based weakness across the commodities sector. August settled down $15.20, or 1.6 percent, at
Published 24 Jun, 2009 12:00am
OECD states agree sanction measures for tax havens

OECD states agree sanction measures for tax havens

Ministers from OECD countries agreed on Tuesday on the possibility of imposing sanctions on countries that do not stick to the OECD's tax standards, but left open when such measures should be implemented. The ministers were meeting to pressure nations lik
Published 24 Jun, 2009 12:00am
OECD states agree sanction measures for tax havens

OECD states agree sanction measures for tax havens

Ministers from OECD countries agreed on Tuesday on the possibility of imposing sanctions on countries that do not stick to the OECD's tax standards, but left open when such measures should be implemented. The ministers were meeting to pressure nations lik
Published 24 Jun, 2009 12:00am
Dubai to set oil OSP at differential in new DME boost

Dubai to set oil OSP at differential in new DME boost

Dubai will begin setting the official price of its benchmark crude in relation to Oman oil futures, abandoning decades of opaque pricing to give a fresh push to the two-year-old Dubai Mercantile Exchange contract. The change, which will take effect with J
Published 24 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 24 Jun, 2009 12:00am
Anti-corruption body raps UK, other OECD countries

Anti-corruption body raps UK, other OECD countries

The failure of many rich states to crack down on bribery in foreign business deals threatens the fight against corruption, and the global economic crisis could make the situation worse, an advocacy group said on Tuesday. Transparency International said on
Published 24 Jun, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (June 23, 2009).

Published 24 Jun, 2009 12:00am
KCBT wheat ends lower

KCBT wheat ends lower

Hard red winter wheat futures on the Kansas City Board of Trade settled lower on Monday - the ninth straight session of losses - as traders eyed more favourable harvest weather. July settled 10-3/4 cents per bushel lower at $6.04 and ranged from $6.02 to
Published 24 Jun, 2009 12:00am
Down trend in slow trade on seed, grain market

Down trend in slow trade on seed, grain market

Subdued business was again seen on the grain market on Tuesday as buyers were less interested in the fresh deals, dealers said. On the seed side rapeseed Nawabshah was lower by Rs 50 to Rs 1400 and 1425, other items did not show any change in process of l
Published 24 Jun, 2009 12:00am
Companies given one more month for payment of advance tax

Companies given one more month for payment of advance tax

The Federal Board of Revenue (FBR) has decided to provide a major incentive to the corporate sector by extending one-month period for payment of advance tax under Income Tax Ordinance 2001. It is learnt here on Tuesday that the FBR has proposed amendment
Published 24 Jun, 2009 12:00am
Oil cake market rates

Oil cake market rates

Upward trend was seen on the forward cottonseed oilcake market on Tuesday as buyers were active to meet the near-term needs, dealers said. The July vaida commenced with 50 paisa gain at Rs 989.80, the December contract also gained 80 paisa at Rs 883.40 du
Published 24 Jun, 2009 12:00am
Indian court orders arrest warrants for 22 terrorist suspects

Indian court orders arrest warrants for 22 terrorist suspects

An special court in India on Tuesday ordered arrest warrants for 22 Pakistani nationals suspected of involvement in the Mumbai terrorist attack last November, news reports said. Those named in the warrants include Hafiz Sayeed, the chief of the Jamaat-ud-
Published 24 Jun, 2009 12:00am
US wheat futures hit lows

US wheat futures hit lows

US wheat futures hit lows not seen in more than six weeks on Monday as forecasts for the first summer heatwave bode well for harvest but weighed on grains across the board. Benchmark Chicago Board of Trade July soft red winter wheat futures ended down 9-1
Published 24 Jun, 2009 12:00am
US envoy reaffirms pledges to build ROZs in Fata

US envoy reaffirms pledges to build ROZs in Fata

US Ambassador Anne W Patterson on Tuesday reaffirmed pledge to build the Reconstruction Opportunity Zones (ROZs) in the border areas of Pakistan to prevent people from turning into extremist through provision of employment. Speaking at inauguration ceremo
Published 24 Jun, 2009 12:00am
Vietnam coffee sales to pick up on price rebound

Vietnam coffee sales to pick up on price rebound

Coffee sales in Vietnam are expected to pick up this week after domestic prices, tracking gains in London, rose 2.5 percent on Tuesday from late last week, traders said. On Monday London's September robusta coffee contract finished up $9 at $1,379 a tonne
Published 24 Jun, 2009 12:00am
'Pak-India Prime Ministers to meet in Shermul Al Shiekh'

'Pak-India Prime Ministers to meet in Shermul Al Shiekh'

Foreign Minister Makhdoom Shah Mehmood Qureshi has said that the meeting of Pak-India leadership during the SEO Conference would be an important step towards the development between two countries. The meeting would be between the Prime Ministers of both c
Published 24 Jun, 2009 12:00am
Companies given one more month for payment of advance tax

Companies given one more month for payment of advance tax

The Federal Board of Revenue (FBR) has decided to provide a major incentive to the corporate sector by extending one-month period for payment of advance tax under Income Tax Ordinance 2001. It is learnt here on Tuesday that the FBR has proposed amendment
Published 24 Jun, 2009 12:00am
Sugar tender cancellation: ECC to quiz Commerce, Industries ministries

Sugar tender cancellation: ECC to quiz Commerce, Industries ministries

The Economic Co-ordination Committee (ECC) of the Cabinet is to quiz the Ministries of Commerce and Industries for their reported involvement in cancellation of sugar import tenders, which ultimately benefited the sugar cartel, sources told Business Re
Published 24 Jun, 2009 12:00am
Biodiesel slump aids US soyaoil exports

Biodiesel slump aids US soyaoil exports

Falling US biodiesel production is likely to sharply push up US soyaoil exports in coming months as producers seek new markets, Hamburg-based oilseeds analysts Oil World said on Tuesday. "The decline in usage for biodiesel production will probably pressur
Published 24 Jun, 2009 12:00am
Sugar tender cancellation: ECC to quiz Commerce, Industries ministries

Sugar tender cancellation: ECC to quiz Commerce, Industries ministries

The Economic Co-ordination Committee (ECC) of the Cabinet is to quiz the Ministries of Commerce and Industries for their reported involvement in cancellation of sugar import tenders, which ultimately benefited the sugar cartel, sources told Business Re
Published 24 Jun, 2009 12:00am
Canadian canola ends lower

Canadian canola ends lower

ICE Canadian canola closed lower on Monday as rain improved prospects for drought-stricken crops in Western Canada and US soybeans fell hard, traders said. July canola dropped $8.70 to settle at $458.10 per tonne on volume of 4,021 contracts. New-crop Nov
Published 24 Jun, 2009 12:00am
Sugar tender cancellation: ECC to quiz Commerce, Industries ministries

Sugar tender cancellation: ECC to quiz Commerce, Industries ministries

The Economic Co-ordination Committee (ECC) of the Cabinet is to quiz the Ministries of Commerce and Industries for their reported involvement in cancellation of sugar import tenders, which ultimately benefited the sugar cartel, sources told Business Re
Published 24 Jun, 2009 12:00am
FOB Gulf soya bids firm, corn generally steady

FOB Gulf soya bids firm, corn generally steady

US soyabean export premiums at the Gulf of Mexico were steady to firm on Monday amid tight supplies and rising premiums in competing exporter Brazil, while corn premiums were generally steady, traders said. South American soyabean prices for nearby shipme
Published 24 Jun, 2009 12:00am
British MPs could face jail in parliament shake-up

British MPs could face jail in parliament shake-up

British lawmakers could face jail for making false expenses claims, under reform proposals unveiled Tuesday to respond to a scandal which has shaken Prime Minister Gordon Brown's government to its core. The legislative plans were presented as a new speake
Published 24 Jun, 2009 12:00am
CJP takes suo motu notice of proposed raise in power tariff

CJP takes suo motu notice of proposed raise in power tariff

Chief Justice Iftikhar Muhammad Chaudhry on Tuesday took suo motu notice of the proposed plan to increase power tariff by at least a whopping 17 percent across the board, with the exception of lifeline consumers from effective July 1 in spite of massive l
Published 24 Jun, 2009 12:00am
Rare show of consensus in National Assembly

Rare show of consensus in National Assembly

Combined opposition on Tuesday walked out of the National Assembly while the government ally Muttahida Qaumi Movement (MQM) boycotted the proceedings protesting against the proposed increase in electricity tariff by withdrawing power subsidy from July 1,
Published 24 Jun, 2009 12:00am
US soyabean futures slide

US soyabean futures slide

US soyabean futures on the Chicago Board of Trade dipped to a one-month low on Monday as an improved weather outlook for young crops and the tail-end of planting triggered sales, traders said. Greenhouse like conditions in the US Midwest give young plants
Published 24 Jun, 2009 12:00am
Government believes in trade: Zardari

Government believes in trade: Zardari

President Asif Ali Zardari said here on Tuesday that the National Finance Commission (NFC) Award would be announced this year. Talking to senior journalists at the Bilawal House he said the government is trying its level best to develop the country. He ma
Published 24 Jun, 2009 12:00am
Malaysian palm oil erases losses

Malaysian palm oil erases losses

Most vegetable oil markets rebounded on Tuesday with palm oil erasing most of its losses made the day before as hopes of better exports and lingering fears of tight supplies boosted sentiment. Vegetable oil prices are gaining as traders anticipate that Ch
Published 24 Jun, 2009 12:00am
Government believes in trade: Zardari

Government believes in trade: Zardari

President Asif Ali Zardari said here on Tuesday that the National Finance Commission (NFC) Award would be announced this year. Talking to senior journalists at the Bilawal House he said the government is trying its level best to develop the country. He ma
Published 24 Jun, 2009 12:00am
Malaysian tin lower

Malaysian tin lower

Malaysian tin fell 2.7 percent on Tuesday after prices on the London Metal Exchange dropped sharply but support from Japanese and European buyers limited the losses, a dealer said.
Published 24 Jun, 2009 12:00am
CJP takes suo motu notice of proposed raise in power tariff

CJP takes suo motu notice of proposed raise in power tariff

Chief Justice Iftikhar Muhammad Chaudhry on Tuesday took suo motu notice of the proposed plan to increase power tariff by at least a whopping 17 percent across the board, with the exception of lifeline consumers from effective July 1 in spite of massive l
Published 24 Jun, 2009 12:00am
New York sugar settles firmer

New York sugar settles firmer

Raw sugar futures settled higher Monday on late short-covering and switch trade as players moved out of positions in the spot contract before it expires next week, brokers said. The key October raw sugar contract rose 0.17 cent to finish at 16.24 cents pe
Published 24 Jun, 2009 12:00am
US Midwest soyabeans mixed, corn firm

US Midwest soyabeans mixed, corn firm

Spot basis bids for corn were steady to firm at locations around the US Midwest on Monday while soyabean bids were mixed amid slow farmer selling, grain dealers said. A sharp drop in the futures market cut into cash prices, leaving them well below growers
Published 24 Jun, 2009 12:00am
Oil extends fall below $67

Oil extends fall below $67

Oil steepened losses below $67 a barrel on Tuesday, after a fall of nearly 4 percent the previous day, as renewed worries over the uncertain outlook for major economies sparked a sell-off across global equity markets. The market awaits US weekly inventory
Published 24 Jun, 2009 12:00am
Rare show of consensus in National Assembly

Rare show of consensus in National Assembly

Combined opposition on Tuesday walked out of the National Assembly while the government ally Muttahida Qaumi Movement (MQM) boycotted the proceedings protesting against the proposed increase in electricity tariff by withdrawing power subsidy from July 1,
Published 24 Jun, 2009 12:00am
US rice futures slip

US rice futures slip

US rice futures on the Chicago Board of Trade slipped on Monday as a firmer dollar spurred selling in commodities, including rice, traders said. When the dollar strengthens, it increases the cost of US commodities for overseas buyers and sparks managed fu
Published 24 Jun, 2009 12:00am
CJP takes suo motu notice of proposed raise in power tariff

CJP takes suo motu notice of proposed raise in power tariff

Chief Justice Iftikhar Muhammad Chaudhry on Tuesday took suo motu notice of the proposed plan to increase power tariff by at least a whopping 17 percent across the board, with the exception of lifeline consumers from effective July 1 in spite of massive l
Published 24 Jun, 2009 12:00am
Tokyo rubber down

Tokyo rubber down

Key Tokyo rubber futures fell to their lowest level in nearly three months on Tuesday as investor sentiment was hurt by a drop in oil prices and concerns about the economy. The recent sell-off has caused technical charts to worsen, and they now suggest a
Published 24 Jun, 2009 12:00am
Indian court orders arrest warrants for 22 terrorist suspects

Indian court orders arrest warrants for 22 terrorist suspects

An special court in India on Tuesday ordered arrest warrants for 22 Pakistani nationals suspected of involvement in the Mumbai terrorist attack last November, news reports said. Those named in the warrants include Hafiz Sayeed, the chief of the Jamaat-ud-
Published 24 Jun, 2009 12:00am
Modest business seen on cotton market

Modest business seen on cotton market

Modest trading was seen on the cotton market on Tuesday as ginners were trying to dispose of unsold crop ahead of arrival of new crop, dealers said. The official spot rate was left unchanged at Rs 3400. About 4,000 bales from different stations changed ha
Published 24 Jun, 2009 12:00am
Prime Minister orders probe into irregularities in IGE operations

Prime Minister orders probe into irregularities in IGE operations

Prime Minister Syed Yusuf Raza Gilani has directed the Federal Investigation Agency (FIA) to conduct an inquiry to fix responsibility for irregularities committed in International Gateway Exchange (IGE) operations of National Telecommunication Corporation
Published 24 Jun, 2009 12:00am
EU urged to pressurise India over Kashmir issue

EU urged to pressurise India over Kashmir issue

European Parliament must pressurise India for early solution of the Kashmir issue as New Delhi does not look serious in resolving the dispute, despite various steps taken by India and Pakistan in the wake of the CBMs, said Barrister Sultan Mehmood Chaudhr
Published 24 Jun, 2009 12:00am
Minister briefed about Pakistan Textile City

Minister briefed about Pakistan Textile City

Sindh Minister for Industry and Commerce Rauf Sidiqui was given a presentation on the establishment of Pakistan Textile City by the management, here on Tuesday. Minister said this textile zone will provide direct jobs to 80,000 people and millions other w
Published 24 Jun, 2009 12:00am
UN envoy urges greater help for IDPs

UN envoy urges greater help for IDPs

United Nation Humanitarian envoy wrapped up a two-day visit to Northwest Pakistan, calling on donors to step up their assistance to help the millions of people, who have been uprooted from their homes by fighting between Government forces and militants, a
Published 24 Jun, 2009 12:00am
Oman announces US $12 million aid for IDPs

Oman announces US $12 million aid for IDPs

Oman on Tuesday announced 12 million US dollars aid for assistance of Internally Displaced Persons (IDPs) of Swat and Malakand, a statement from the embassy said. The aid by government of Sultan Qaboos Bin Said comprises food and non-food aid of US 10 mil
Published 24 Jun, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Tuesday (June 23, 2009).

Published 24 Jun, 2009 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

Overwhelming majority of our parliamentarians is from upper or, generally known, 'elite class'. This is evident from their fine cars they use for coming to attend the National Assembly or Senate sessions. But they, somehow, try to associate themselves wit
Published 24 Jun, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Tuesday (June 23, 2009).

Published 24 Jun, 2009 12:00am
Odd Lot Market Rates

Odd Lot Market Rates

Odd Lot Market Rates on Tuesday (June 23, 2009).

Published 24 Jun, 2009 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (June 23, 2009).

Published 24 Jun, 2009 12:00am
KSE board meeting with Tarin remains inconclusive

KSE board meeting with Tarin remains inconclusive

The meeting of the board of directors of Karachi Stock Exchange (KSE) with the Advisor to the Prime Minister on Finance, Shaukat Tarin, held in Islamabad on Tuesday remained inconclusive and the KSE board was asked to submit its proposals in writing to th
Published 24 Jun, 2009 12:00am
Four criminals held after police encounter

Four criminals held after police encounter

At least four criminals were held after a brief encounter with the police in the jurisdiction of Zaman Town on Tuesday. ASI Faraz Ali Khan said that the area police was on routine rounds when it saw four suspected persons hiding behind the bushes. When po
Published 24 Jun, 2009 12:00am
Pakistan Lubricants launches 'Master Oil'

Pakistan Lubricants launches 'Master Oil'

Pakistan Lubricants (Pvt) Limited has launched its exciting and innovative range of lubricants having brand name of "Master Oil" in all major urban centers of Pakistan during an impressive event organised at a local hotel here. According to a press releas
Published 24 Jun, 2009 12:00am
City Council demands right to collect MVT

City Council demands right to collect MVT

The City Council on Tuesday demanded of the Sindh government to give it the right to collect 'Motor Vehicles Tax' (MVT) to solve the city government's financial problems. On a point of order, Arshad Qureshi, a Haq Parast member, said that the financial cr
Published 24 Jun, 2009 12:00am
Talks on IMF third tranche in Istanbul in July

Talks on IMF third tranche in Istanbul in July

Talks with International Monetary Fund (IMF) for the payment of third tranche of $850 million of standby loan agreement will be held in the first week of July in Istanbul. IMF has linked the payment of third tranche with its conditions, some of which Paki
Published 24 Jun, 2009 12:00am
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