AIRLINK 159.45 Increased By ▲ 4.49 (2.9%)
BOP 10.06 Increased By ▲ 0.15 (1.51%)
CNERGY 7.85 Increased By ▲ 0.48 (6.51%)
CPHL 83.56 Increased By ▲ 0.65 (0.78%)
FCCL 48.54 Increased By ▲ 0.68 (1.42%)
FFL 15.07 Increased By ▲ 0.39 (2.66%)
FLYNG 49.46 Increased By ▲ 4.50 (10.01%)
HUBC 141.41 Increased By ▲ 3.44 (2.49%)
HUMNL 12.74 Decreased By ▼ -0.13 (-1.01%)
KEL 4.45 Increased By ▲ 0.16 (3.73%)
KOSM 5.34 Increased By ▲ 0.18 (3.49%)
MLCF 76.36 Increased By ▲ 1.05 (1.39%)
OGDC 213.73 Increased By ▲ 1.06 (0.5%)
PACE 5.33 Increased By ▲ 0.18 (3.5%)
PAEL 46.96 Increased By ▲ 0.83 (1.8%)
PIAHCLA 17.24 Increased By ▲ 0.96 (5.9%)
PIBTL 8.85 Increased By ▲ 0.28 (3.27%)
POWER 15.09 Decreased By ▼ -0.09 (-0.59%)
PPL 173.25 Increased By ▲ 3.34 (1.97%)
PRL 33.82 Increased By ▲ 2.68 (8.61%)
PTC 22.06 Increased By ▲ 2.01 (10.02%)
SEARL 84.13 Increased By ▲ 0.36 (0.43%)
SSGC 36.98 Increased By ▲ 0.91 (2.52%)
SYM 15.51 Increased By ▲ 0.61 (4.09%)
TELE 7.56 Increased By ▲ 0.35 (4.85%)
TPLP 8.56 Increased By ▲ 0.14 (1.66%)
TRG 65.19 Decreased By ▼ -1.01 (-1.53%)
WAVESAPP 9.25 Increased By ▲ 0.30 (3.35%)
WTL 1.28 Increased By ▲ 0.03 (2.4%)
YOUW 3.68 Increased By ▲ 0.08 (2.22%)
AIRLINK 159.45 Increased By ▲ 4.49 (2.9%)
BOP 10.06 Increased By ▲ 0.15 (1.51%)
CNERGY 7.85 Increased By ▲ 0.48 (6.51%)
CPHL 83.56 Increased By ▲ 0.65 (0.78%)
FCCL 48.54 Increased By ▲ 0.68 (1.42%)
FFL 15.07 Increased By ▲ 0.39 (2.66%)
FLYNG 49.46 Increased By ▲ 4.50 (10.01%)
HUBC 141.41 Increased By ▲ 3.44 (2.49%)
HUMNL 12.74 Decreased By ▼ -0.13 (-1.01%)
KEL 4.45 Increased By ▲ 0.16 (3.73%)
KOSM 5.34 Increased By ▲ 0.18 (3.49%)
MLCF 76.36 Increased By ▲ 1.05 (1.39%)
OGDC 213.73 Increased By ▲ 1.06 (0.5%)
PACE 5.33 Increased By ▲ 0.18 (3.5%)
PAEL 46.96 Increased By ▲ 0.83 (1.8%)
PIAHCLA 17.24 Increased By ▲ 0.96 (5.9%)
PIBTL 8.85 Increased By ▲ 0.28 (3.27%)
POWER 15.09 Decreased By ▼ -0.09 (-0.59%)
PPL 173.25 Increased By ▲ 3.34 (1.97%)
PRL 33.82 Increased By ▲ 2.68 (8.61%)
PTC 22.06 Increased By ▲ 2.01 (10.02%)
SEARL 84.13 Increased By ▲ 0.36 (0.43%)
SSGC 36.98 Increased By ▲ 0.91 (2.52%)
SYM 15.51 Increased By ▲ 0.61 (4.09%)
TELE 7.56 Increased By ▲ 0.35 (4.85%)
TPLP 8.56 Increased By ▲ 0.14 (1.66%)
TRG 65.19 Decreased By ▼ -1.01 (-1.53%)
WAVESAPP 9.25 Increased By ▲ 0.30 (3.35%)
WTL 1.28 Increased By ▲ 0.03 (2.4%)
YOUW 3.68 Increased By ▲ 0.08 (2.22%)
BR100 12,888 Increased By 217.2 (1.71%)
BR30 38,116 Increased By 748.7 (2%)
KSE100 119,962 Increased By 1425.4 (1.2%)
KSE30 36,773 Increased By 479.3 (1.32%)
May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-06-28
NA-123, NA-55 by-election: schedule not expected shortly: Kanwar

NA-123, NA-55 by-election: schedule not expected shortly: Kanwar

The announcement of election schedule for National Assembly seats NA-123 Lahore-VI and NA-55 Rawalpindi-VI is not expected shortly as it was postponed on the report of the Chief Secretary Punjab regarding law and order situation, Secretary of the Election
Published 28 Jun, 2009 12:00am
Work on several projects to overcome power shortage: Pepco DG

Work on several projects to overcome power shortage: Pepco DG

Pakistan Electric Power Company (Pepco) Managing Director Tahir Basharat Cheema has said that the government is working on several power generation projects to overcome electricity shortage in the country. Talking to PTV, he said the government had alloca
Published 28 Jun, 2009 12:00am
Seraiki leaders condemn Rehman's statement

Seraiki leaders condemn Rehman's statement

Seraiki nationalist leaders have strongly condemned the statement of Interior Minister Rehman Malik who wants to make the peaceful zone of southern Punjab as a troubled spot like Malakand division, Swat and Buner, and launch a military operation in this z
Published 28 Jun, 2009 12:00am
Book on Benazir Bhutto published

Book on Benazir Bhutto published

An informative book, highlighting the life and achievements of former Prime Minister, Shaheed Mohtarma Benazir Bhutto has been published. The book written in Urdu Language has been authored by a senior journalist, Muhammad Naeem and published by Classic P
Published 28 Jun, 2009 12:00am
Brazil plan early goal against dangerous USA

Brazil plan early goal against dangerous USA

Brazil coach Dunga says his team will press for an early goal against the United States in the Confederations Cup final Sunday, but they remain wary of Bob Bradley's dangerous side. The South American champions, who Dunga called the best team in the world
Published 28 Jun, 2009 12:00am
Profit-taking hits US copper

Profit-taking hits US copper

US copper futures ended with modest losses on Friday, weighed down by equities weakness and investor profit-taking that may extend into the coming week due to month- and quarter-end considerations. Copper for September delivery eased 0.70 cent to close at
Published 28 Jun, 2009 12:00am
Middle East crude edges down

Middle East crude edges down

Sentiment for Middle Eastern heavy grades weakened on Friday on the back of narrower premiums assessed for sour crude benchmark Oman, with appetite for August spot barrels waning as the trade month neared its end. August Oman traded on the Dubai Mercantil
Published 28 Jun, 2009 12:00am
US gold ends higher

US gold ends higher

US gold futures ended slightly higher on Friday, initially rising toward $950 an ounce as the dollar slipped against the euro, but weakening investment demand could subsequently pressure prices. August settled up $1.50 at $941 an ounce on the COMEX divisi
Published 28 Jun, 2009 12:00am
Argentine soya higher in light trade

Argentine soya higher in light trade

Argentine soy's closing prices and trends on Friday: In the main grains market of Rosario, soy closed with light gains at between 1,030 and 1,040 pesos ($265/$268) per tonne compared with 1,031 pesos on Thursday, with one buyer's demand sustaining the mar
Published 28 Jun, 2009 12:00am
Gulf rice traders fear further dip

Gulf rice traders fear further dip

Rice traders in the Gulf are worried the price of the grain, already hit by the economic crisis and excess supply, will fall further if India lifts an export ban, traders said. "If India has a good harvest of rice this year and decides to lift its export
Published 28 Jun, 2009 12:00am
Rains may hurt Brazil coffee

Rains may hurt Brazil coffee

Rains are falling in Brazil coffee areas, heaping worries about quality and extra work on farmers who are trying to dry new beans and suspending harvesting, growers and forecasters said Friday. The 2009-10 harvest in the world's top coffee grower has been
Published 28 Jun, 2009 12:00am
Vietnamise, Indonesian coffee lowest since mid-2006

Vietnamise, Indonesian coffee lowest since mid-2006

Robusta prices tumbled to their lowest in nearly three years in Vietnam and Indonesia on Friday after London futures slumped to a lifetime low, prompting farmers to hold back stocks, dealers said Friday. Vietnam Grade 2, 5.0 pct B&B was quoted at $1,290 a
Published 28 Jun, 2009 12:00am
US soyabean ends mixed

US soyabean ends mixed

US soyabean futures closed mixed on Friday, with spot July boosted by tight soya stocks and a weak dollar and new-crop November weighed down by prospects for record soya seedings this year in the United States. CBOT July closed 5 cents per bushel higher a
Published 28 Jun, 2009 12:00am
New York sugar easier

New York sugar easier

Raw sugar futures settled easier Friday on investment fund profit-taking from three-year highs but analysts said the bull market appears intact and another surge is likely in the days ahead, brokers said. The key October raw sugar contract fell 0.39 cent
Published 28 Jun, 2009 12:00am
Soya rises to one-week high

Soya rises to one-week high

Chicago soybean futures rose almost 1 percent on Friday to above $12 a bushel, bolstered by tight year-end supplies and strong soymeal exports as well as a softening US dollar. Corn fell 0.4 percent and wheat was unchanged as hot and dry weather across th
Published 28 Jun, 2009 12:00am
New York cocoa reverses to close down

New York cocoa reverses to close down

US cocoa futures settled lower Friday, taking back Thursday's gains after failing to reach a resistance level and attracting selling, traders said. Benchmark September inched down $3 to finish at $2,553 per tonne. Wide session ranged from $2,489 to $2,582
Published 28 Jun, 2009 12:00am
US rice futures drop

US rice futures drop

US rice futures on the Chicago Board of Trade fell on Friday, led by the July contract as traders liquidated positions before the start of the delivery period next week. July rice closed 20 cents lower at $12.13 per cwt. September ended down 9 cents at $1
Published 28 Jun, 2009 12:00am
Malaysian rubber acreage falls

Malaysian rubber acreage falls

Private rubber estates have shrunk 82 percent to 61,000 hectares over nearly 20 years, a senior Malaysian minister said on Monday, because of a preference for planting more valuable oil palms. Malaysia, the world's third-largest rubber producer, turns out
Published 28 Jun, 2009 12:00am
Thai May rubber exports decline

Thai May rubber exports decline

Thai rubber exports fell 19.6 percent in May from a year earlier due to limited supply, in part due to government policy, and weaker demand from the car industry, according to official data and traders on Tuesday. Although farmers resumed tapping in late
Published 28 Jun, 2009 12:00am
New York coffee finishes lower

New York coffee finishes lower

Arabica coffee futures settled slightly lower Friday in thin dealings that kept the market in a sideways range, as the summer doldrums appeared to hit the market, traders said. The September contract dropped 1.05 cent to close at $1.1920 a lb. Session ran
Published 28 Jun, 2009 12:00am
General Motors picks Michigan for new small car plant

General Motors picks Michigan for new small car plant

General Motors Corp will build a new small car at a plant near Detroit in a move that will save 1,400 jobs in Michigan, but shutter plants in Wisconsin and Tennessee. GM said it would make a new subcompact at its Orion Township assembly plant rather than
Published 28 Jun, 2009 12:00am
Kosovo to become 186th IMF member next week

Kosovo to become 186th IMF member next week

Kosovo, little more than a year after independence, will become the 186th member of the International Monetary Fund next week, the IMF said Friday. Kosovo authorities are to sign the fund's articles of agreement in Washington on Monday, IMF spokesman Alis
Published 28 Jun, 2009 12:00am
Companies appeal to China to drop Web filter plan

Companies appeal to China to drop Web filter plan

Global business groups have made an unusual direct appeal to Chinese Premier Wen Jiabao to scrap an order for PC makers to supply controversial Internet filtering software, citing security and privacy concerns. Just days before the deadline to comply with
Published 28 Jun, 2009 12:00am
US senators seek Chevron/Ecuador trial without US meddling

US senators seek Chevron/Ecuador trial without US meddling

Four senators have written to US Trade Representative Ron Kirk, criticising what they understand is a push by Chevron Corp's to cut trade benefits for Ecuador, where the oil company faces a $27 billion claim in court. "We request that you allow the legal
Published 28 Jun, 2009 12:00am
'Italy pension system a ticking bomb'

'Italy pension system a ticking bomb'

The Italian pension system is a ticking bomb, OECD chief Angel Gurria said in an interview published on Saturday, urging the government not to postpone reforms any longer despite the political risks. "I think that this is the right time to change the syst
Published 28 Jun, 2009 12:00am
Merkel seeks to quash German VAT hike talk

Merkel seeks to quash German VAT hike talk

Chancellor Angela Merkel sought on Saturday to stamp out talk among her conservatives of raising value-added tax (VAT) after an election in September, pledging she would make no such hike. The tax debate risks overshadowing the conservatives' official app
Published 28 Jun, 2009 12:00am
Conservatives deny BoE leaked them government plans

Conservatives deny BoE leaked them government plans

Britain's Conservative shadow finance minister George Osborne denied on Saturday that Bank of England Governor Mervyn King had leaked confidential government bank recapitalisation plans to the opposition party.
Published 28 Jun, 2009 12:00am
Judge orders Madoff stripped of $170 billion in assets

Judge orders Madoff stripped of $170 billion in assets

US authorities are demanding Bernard Madoff forfeit over 170 billion dollars in illegally obtained assets as they seek to keep the disgraced Wall Street mogul in prison for the rest of his life. Three days before the financier returns to a New York courtr
Published 28 Jun, 2009 12:00am
Saudi investor accepts verdict, to keep investments

Saudi investor accepts verdict, to keep investments

A top Saudi retail investor denied on Saturday that he engaged in insider trading but said he accepted a verdict earlier this week by the bourse's watchdog which fined him for the alleged practice.
Published 28 Jun, 2009 12:00am
Putin invites Shell to participate in natural gas projects

Putin invites Shell to participate in natural gas projects

Russian Prime Minister Vladimir Putin on Saturday invited Shell to participate in two new natural gas projects during a meeting with the Anglo-Dutch company's chief executive. "I think it is fully possible to pursue cooperation further with Shell in other
Published 28 Jun, 2009 12:00am
China's Internet filter rules draw WTO complaints

China's Internet filter rules draw WTO complaints

Countries at the World Trade Organisation complained on Friday about China's proposed Internet filter rules which the United States deemed "draconian" and the European Union urged it to scrap. At a meeting of the Technical Barriers to Trade committee, whi
Published 28 Jun, 2009 12:00am
Belarus wants free trade zone with EU

Belarus wants free trade zone with EU

Belarus pressed forward with its bid to improve ties with the West on Friday by calling for a free trade zone with European Union within three to four years. Deputy Prime Minister Vladimir Semashkand said it would take a decade or more for a new former-So
Published 28 Jun, 2009 12:00am
Volkswagen urges Porsche to accept merger

Volkswagen urges Porsche to accept merger

Volkswagen and its key shareholder, the state of Lower Saxony, have urged Porsche to accept a tie-up of the two carmakers with VW in charge, Spiegel magazine reported in its online edition on Saturday. Porsche Chief Executive Wendelin Wiedeking and Chairm
Published 28 Jun, 2009 12:00am
South Korea posts $3.6 billion current account surplus

South Korea posts $3.6 billion current account surplus

South Korea logged a current account surplus for the fourth straight month in May as imports fell faster than exports during the ongoing global economic slump, the central Bank of Korea said Friday. The current account surplus stood at 3.63 billion dollar
Published 28 Jun, 2009 12:00am
1.2 million people in Iran are illegal drug users

1.2 million people in Iran are illegal drug users

An estimated 1.2 million Iranians are users of illegal drugs, labour news agency ILNA quoted Saturday a government official as saying. The deputy of the country9s anti-trafficking organisation, Taha Taheri, said drug use has become a new lifestyle choice
Published 28 Jun, 2009 12:00am
Bangladesh garment worker killed in clash: police

Bangladesh garment worker killed in clash: police

A garment worker was shot and killed Saturday as thousands of factory employees protesting wage cuts clashed with law enforcement officers near the Bangaldeshi capital, police said. Local police officer Akhter-Uz-Zaman said more than 7,000 garment workers
Published 28 Jun, 2009 12:00am
EU's Kroes says no state-aided bank will be closed

EU's Kroes says no state-aided bank will be closed

EU regulatory authorities will not use the threat of bankruptcy to force banks receiving state aid to undergo stringent restructuring, the European Union's competition chief said on Friday. "I do wish to stress that businesses will not be closed, just tra
Published 28 Jun, 2009 12:00am
China officials sacked over housing lottery scam

China officials sacked over housing lottery scam

Five officials in central China have been sacked and five other people arrested over a scam involving a lottery for apartments, state media reported on Saturday. In China, where the first lottery was authorised in 1987, only two types are allowed: those w
Published 28 Jun, 2009 12:00am
Raising retirement age in France inevitable: Prime Minister

Raising retirement age in France inevitable: Prime Minister

Raising the retirement age is the only solution for France to keep its state pension system afloat, Prime Minister Francois Fillon said on Saturday. "There is no other solution to save our state pension system than to work longer, at a time when life expe
Published 28 Jun, 2009 12:00am
Emerging Markets: LatAm assets flat to stronger

Emerging Markets: LatAm assets flat to stronger

Latin American stocks and currencies closed flat to stronger on Friday as a weak Wall Street performance left investors more cautious about taking on risk. The Colombian peso and the Brazilian real gained, however, boosted by domestic news.
Published 28 Jun, 2009 12:00am
Emerging Markets: LatAm assets flat to stronger

Emerging Markets: LatAm assets flat to stronger

Latin American stocks and currencies closed flat to stronger on Friday as a weak Wall Street performance left investors more cautious about taking on risk. The Colombian peso and the Brazilian real gained, however, boosted by domestic news.
Published 28 Jun, 2009 12:00am
China debt prices edge up

China debt prices edge up

China's money market rates and debt yields edged up on Friday as demand for funds for equities IPOs led institutional investors to store cash. With more IPOs in the pipeline and ample liquidity expected in the market in the longer run, dealers and analyst
Published 28 Jun, 2009 12:00am
Argentine stocks dip

Argentine stocks dip

Argentina's stock, currency and bond market trends were mixed on Friday. MerVal stocks index inched down 0.06 percent to 1,579.99 points in low volume ahead of Sunday's mid-term election, seen as a referendum on President Cristina Fernandez, whose economi
Published 28 Jun, 2009 12:00am
China debt prices edge up

China debt prices edge up

China's money market rates and debt yields edged up on Friday as demand for funds for equities IPOs led institutional investors to store cash. With more IPOs in the pipeline and ample liquidity expected in the market in the longer run, dealers and analyst
Published 28 Jun, 2009 12:00am
US corporate bonds end mixed

US corporate bonds end mixed

US corporate bond spreads were mixed on Friday as a dearth of news left the market without a clear direction and on pace for its softest weekly performance since March. Through Thursday, spreads had widened by about one basis point on the week, interrupti
Published 28 Jun, 2009 12:00am
US corporate bonds end mixed

US corporate bonds end mixed

US corporate bond spreads were mixed on Friday as a dearth of news left the market without a clear direction and on pace for its softest weekly performance since March. Through Thursday, spreads had widened by about one basis point on the week, interrupti
Published 28 Jun, 2009 12:00am
Korean treasury bonds rebounds

Korean treasury bonds rebounds

South Korean treasury bonds rose on Friday as investors snapped up oversold debt hit by the government's optimistic economic outlook, although they grew wary towards the close awaiting key monthly data and weekly bond auctions. Analysts in a Reuters poll
Published 28 Jun, 2009 12:00am
Global IPO markets awaken, secondaries surge in second quarter

Global IPO markets awaken, secondaries surge in second quarter

The market for initial public offerings perked up globally in the second quarter of 2009 as new issues by already public firms reached record levels, leading top bankers to forecast a pick-up in IPOs by year-end. With calmer markets and some successful de
Published 28 Jun, 2009 12:00am
Treasuries firmer

Treasuries firmer

US Treasuries rose on Friday, pushing benchmark yields to their lowest in nearly four weeks as signs of subdued inflation allowed bonds to bask in the glow of well-received debt auctions this week. Solid demand in all three of the debt auctions, which tot
Published 28 Jun, 2009 12:00am
Korean treasury bonds rebounds

Korean treasury bonds rebounds

South Korean treasury bonds rose on Friday as investors snapped up oversold debt hit by the government's optimistic economic outlook, although they grew wary towards the close awaiting key monthly data and weekly bond auctions. Analysts in a Reuters poll
Published 28 Jun, 2009 12:00am
Treasuries firmer

Treasuries firmer

US Treasuries rose on Friday, pushing benchmark yields to their lowest in nearly four weeks as signs of subdued inflation allowed bonds to bask in the glow of well-received debt auctions this week. Solid demand in all three of the debt auctions, which tot
Published 28 Jun, 2009 12:00am
Brazilian stocks up

Brazilian stocks up

Brazil's stocks firm, yields on interest rate futures fell sharply on Friday after the central bank signaled it will reduce borrowing costs further to stoke a nascent economic recovery as consumer prices remain under control. Yields on the January 2011 co
Published 28 Jun, 2009 12:00am
Mexican shares surge

Mexican shares surge

Mexico's stocks, peso firmed on Friday as the dollar weakened broadly but the peso cut gains after data showed a jump in the US savings rate, raising concerns that demand for Mexican exports could stay weak. The peso rose 0.04 percent to 13.23 per US doll
Published 28 Jun, 2009 12:00am
Indian federal bond yields fall

Indian federal bond yields fall

Indian federal bond yields fell for a second day on Friday as ample cash supported demand, but long bond yields rose over the week as traders worried about the government's borrowing plans for the fiscal year. The yield on the most traded 6.07 percent 201
Published 28 Jun, 2009 12:00am
Indian federal bond yields fall

Indian federal bond yields fall

Indian federal bond yields fell for a second day on Friday as ample cash supported demand, but long bond yields rose over the week as traders worried about the government's borrowing plans for the fiscal year. The yield on the most traded 6.07 percent 201
Published 28 Jun, 2009 12:00am
Bank drives Toronto's shares higher

Bank drives Toronto's shares higher

Toronto's main stock index followed its heavyweight financial shares to a higher close on Friday, helped by US data that offered further evidence that recession may be losing its grip on the economy. The financial sector, which accounts for about a third
Published 28 Jun, 2009 12:00am
Canadian bonds up

Canadian bonds up

As equity markets ground lower, Canadian bond prices were able to move higher across the curve on Friday, mimicking its US counterparts. Market players appeared to be taking the Bank of Canada's debt auction announcement in stride, despite the boost to is
Published 28 Jun, 2009 12:00am
Canadian bonds up

Canadian bonds up

As equity markets ground lower, Canadian bond prices were able to move higher across the curve on Friday, mimicking its US counterparts. Market players appeared to be taking the Bank of Canada's debt auction announcement in stride, despite the boost to is
Published 28 Jun, 2009 12:00am
Technology lifts up Nasdaq; Dow and S&P slip

Technology lifts up Nasdaq; Dow and S&P slip

The Nasdaq rose on Friday, helped by gains in smartphone maker Palm Inc while other indexes ended little changed in choppy trading. The Dow was dragged lower by sliding energy shares as oil settled below $70 per barrel. But strength in some financial stoc
Published 28 Jun, 2009 12:00am
IMM speculators raise bets against dollar

IMM speculators raise bets against dollar

Currency speculators increased their short US dollar positions in the latest week, according to Commodity Futures Trading Commission data released on Friday. The value of the US dollar's net short position rose to $6.3 billion from $5 billion in the week
Published 28 Jun, 2009 12:00am
Won rises on exporter demand

Won rises on exporter demand

The South Korean won rose against the dollar on Friday as exporters chased the local currency for settlements before the end of the first half and on foreigners' ongoing stock purchases. The won also received support after the central bank agreed with the
Published 28 Jun, 2009 12:00am
Liquidity crunch to keep dollar demand strong

Liquidity crunch to keep dollar demand strong

Currency investors betting on a weaker US dollar in the second half of the year, following steep declines in the past two months, may be getting ahead of themselves. While nascent signs of global economic improvement have bolstered non-dollar assets of la
Published 28 Jun, 2009 12:00am
Taiwan dollar bounces from one-month low

Taiwan dollar bounces from one-month low

The Taiwan dollar firmed on Friday, rebounding from its lowest in more than a month in the previous session, as the US dollar weakened and after the central bank said the island's economy has bottomed out. The currency closed at T$32.925 against the US do
Published 28 Jun, 2009 12:00am
US dollar slides

US dollar slides

The US dollar fell broadly on Friday after China renewed its call for a super-sovereign reserve currency and as improving appetite for risk dented the greenback's safe-haven allure. China's central bank on Friday did not mention the dollar by name but sai
Published 28 Jun, 2009 12:00am
Ethnic tensions spark brawl at China factory

Ethnic tensions spark brawl at China factory

Ethnic clashes between Han Chinese and Uighur workers at a toy factory in China's southern Guangdong province killed two people and injured 118, a newspaper reported on Saturday. In a massive night brawl at the "Early Light" toy factory in Guangdong's Sha
Published 28 Jun, 2009 12:00am
Canadian dollar edges higher

Canadian dollar edges higher

The Canadian dollar finished higher on Friday, trimming gains against the US currency as oil prices lost ground and market players looked to consolidate positions heading into the weekend. Early action saw the currency boosted by firm commodity prices, wh
Published 28 Jun, 2009 12:00am
Hungary marks fall of Iron Curtain 20 years on

Hungary marks fall of Iron Curtain 20 years on

Western and eastern European leaders celebrated in Hungary on Saturday the 20th anniversary of the fall of the Iron Curtain that divided the continent during the Cold War. The heads of state and government of a dozen European nations gathered in the Hunga
Published 28 Jun, 2009 12:00am
US gives Somalia about 40 tonnes of arms, ammunition

US gives Somalia about 40 tonnes of arms, ammunition

The US government has provided about 40 tonnes of weapons and ammunition to Somalia's embattled government in the past six weeks to help it fight Islamist insurgents, a senior US official said on Friday. The official, who spoke on condition of anonymity,
Published 28 Jun, 2009 12:00am
UN unity on helping poor nations with financial crisis

UN unity on helping poor nations with financial crisis

A UN conference ended here Friday with broad consensus on the need to help developing nations cope with the global financial crisis but with the United States voicing strong reservations about key recommendations. A final document was adopted by acclamati
Published 28 Jun, 2009 12:00am
'Red Shirts' gather to rally against Thai government

'Red Shirts' gather to rally against Thai government

More than 18,000 "Red Shirt" protesters loyal to fugitive premier Thaksin Shinawatra gathered in Bangkok Saturday for the biggest anti-government rally since bloody riots two months ago. Red-clad demonstrators arrived in jubilant spirits from mid-afternoo
Published 28 Jun, 2009 12:00am
Saudi executed for killing wife

Saudi executed for killing wife

A Saudi sentenced to death for murdering his wife was beheaded by the sword on Saturday, the interior ministry said. Ahmed bin Hassan al-Harbi stabbed his wife Zainab bint Ali Hamdi repeatedly in several parts of her body while she was in her bedroom, sai
Published 28 Jun, 2009 12:00am
Nine former-SS given life terms for massacre in Italy

Nine former-SS given life terms for massacre in Italy

Nine ex-SS soldiers aged 84 to 90 have been sentenced to life imprisonment in their absence by a Rome military tribunal for the massacres of 350 civilians in Tuscany in 1944, the Italian news agency ANSA reported Saturday. Eleven former Nazis were tried f
Published 28 Jun, 2009 12:00am
Demand soars for Jackson music after singer's death

Demand soars for Jackson music after singer's death

Michael Jackson's pop music legacy stretches back 40 years and could extend well into the future as music companies and retailers reissue CDs, repackage his songs and resell memorabilia after his sudden death. In dollar terms, Jackson, who died at age 50
Published 28 Jun, 2009 12:00am
Afghan Shias demand ratification of women's law

Afghan Shias demand ratification of women's law

About 1,000 Afghan Shia Muslims rallied in Kabul on Saturday to demand the ratification of a controversial law which contains harsh provisions on women some critics have called a step back towards Taliban-era rules. The Shia Personal Status Law applies to
Published 28 Jun, 2009 12:00am
Tiger's niece misses cut in LPGA debut

Tiger's niece misses cut in LPGA debut

Cheyenne Woods, the 18-year-old niece of men's golf superstar Tiger Woods, missed the cut here on Saturday in her LPGA Tour debut at the storm-struck Wegmans LPGA. Woods completed a second-round 74, two-over par, on Saturday as 71 players - half the field
Published 28 Jun, 2009 12:00am
German phone-tap gear sold to Iran without government check

German phone-tap gear sold to Iran without government check

The phone-tapping equipment which has allowed Iranian authorities to monitor protesters' mobile phone messages was exported by Germany without any government checks, the news magazine Der Spiegel reported Saturday. The equipment, made by Nokia Siemens Net
Published 28 Jun, 2009 12:00am
Marathon man Haas wants Wimbledon changes

Marathon man Haas wants Wimbledon changes

German veteran Tommy Haas demanded Wimbledon install floodlights and introduce final set tiebreakers after winning a marathon five-set third round clash over Marin Cilic on Saturday. The 31-year-old German beat 11th seeded Croatian 7-5, 7-5, 1-6, 6-7 (3/7
Published 28 Jun, 2009 12:00am
Venus gets revenge at Wimbledon, Jankovic crashes

Venus gets revenge at Wimbledon, Jankovic crashes

Defending champion Venus Williams avenged one of the most embarrassing defeats of her career on Saturday by sweeping into the last 16 at Wimbledon with a 6-0, 6-4 victory over Carla Suarez Navarro. Williams will now tackle former world number one Ana Ivan
Published 28 Jun, 2009 12:00am
Iesco's shut down notice

Iesco's shut down notice

According to Iesco press release, power supply will remain suspended due to construction/maintenance works as per following schedule. Sunday 28 June from 07:00 to 08:30 hours, PMC Feeder, Wahadat Colony Feeder, Nawab Abad Feeder, Ghazi Kholi Feeder, Jalal
Published 28 Jun, 2009 12:00am
'Dangerous' Jackson fan in Pakistan

'Dangerous' Jackson fan in Pakistan

Twenty-six year old Sonu Faisal alias Sonu Dangerous is a small-time artist in Karachi, who's made a name for himself with King-of-Pop inspired music and dance moves. And like all other ardent fans, the performer's death left him stunned. "I am really sad
Published 28 Jun, 2009 12:00am
Punjab government achieves record development: minister

Punjab government achieves record development: minister

Punjab Minister for Law, Rana Sanaullha Khan, has said that the present Punjab government under the dynamic leadership of Chief Minister Muhammad Shahbaz Sharif, has obtained record achievements regarding the public welfare and development activities with
Published 28 Jun, 2009 12:00am
Contaminated water, unhygienic conditions causing fatal diseases

Contaminated water, unhygienic conditions causing fatal diseases

Diseases such as Hepatitis B and C are rapidly spreading in the city due to contaminated water and unhygienic conditions. Talking to APP here on Saturday Consultant Physician Gastroenterologist and Herpetologist and Assistant Professor ISRA University Hos
Published 28 Jun, 2009 12:00am
SCCI, PEC to promote linkages between academia, industries

SCCI, PEC to promote linkages between academia, industries

A memorandum of understanding (MoU) has been signed between Sarhad Chamber of Commerce and Industry (SCCI) and Peshawar College of Engineering (PEC) with an objective to promote linkages between educational institutes and industry and to prepare the acade
Published 28 Jun, 2009 12:00am
Marriage ceremony of Dogar's daughter held

Marriage ceremony of Dogar's daughter held

Marriage ceremony of former Chief Justice of Pakistan Justice Abdul Hameed Dogar's daughter was held here on Friday night at a local hotel. Daughter of Justice Abdul Hameed Dogar, Saba Hameed Dogar was married to Umar Mustafa Dogar son of (late) Sardar Mu
Published 28 Jun, 2009 12:00am
Taiwan taps the huge market for halal food

Taiwan taps the huge market for halal food

Taiwan is encouraging its food exporters to tap the Muslim world's huge market for halal food, but the response has been lukewarm so far as companies do not yet see a profit in producing food that complies with Islamic law. At the 2009 Taipei Internationa
Published 28 Jun, 2009 12:00am
Despite record-breaking sales, Jackson died in debt

Despite record-breaking sales, Jackson died in debt

He recorded the best-selling album in history. For a time, he pulled down 50 million dollars a year, with an overall worth reported at 750 million dollars.Yet when he died Thursday, Michael Jackson was deeply in debt. Three decades of extravagant living a
Published 28 Jun, 2009 12:00am
Polio threat

Polio threat

Sindh Minister for Health Dr Sagheer Ahmed has said that internally displaced persons (IDPs) may spread polio in Sindh. One wonders if the learned minister is aware of the fact that his department is responsible for the already existence of the polio case
Published 28 Jun, 2009 12:00am
Obama wants more from Iraqi leaders

Obama wants more from Iraqi leaders

US President Barack Obama is confident security conditions are sufficient to proceed with withdrawing US soldiers from Iraqi cities next week, but remained less satisfied with the country's leadership. During a press conference with German Chancellor Ange
Published 28 Jun, 2009 12:00am
Global Board for political and economic integration

Global Board for political and economic integration

G-20 met in London on 2nd April to brainstorm the way out of the current economic and financial meltdown, and came out with communiqué proclaiming global plan of recovery and reform with focus mainly on IMF. G-20 concurred to reinvigorate and reform the F
Published 28 Jun, 2009 12:00am
German government coalition limps to September polls

German government coalition limps to September polls

With three months to go until Germany's general election, the lifeblood is ebbing from the country's governing coalition as its partners hope the September election ends their marriage of convenience. Parliament meets for one final session in July, before
Published 28 Jun, 2009 12:00am
UN Public Service Day

UN Public Service Day

The United Nations' 'Public Service Day' was celebrated on Tuesday, as it is marked every year on June 23, with the theme "Developing an Excellent Public Service Your Responsibility, My Responsibility." It was on December 20, 2002, that the United Nations
Published 28 Jun, 2009 12:00am
Institutional decline in Pakistan

Institutional decline in Pakistan

Transparency International Pakistan (TIP) has voiced deep concern over Pakistan's accountability institutions being almost on the verge of collapse, and has called for improved enforcement of Public Procurement Regulatory Rules and effective working of Pu
Published 28 Jun, 2009 12:00am
Gastro, abdominal diseases in Lahore on the rise

Gastro, abdominal diseases in Lahore on the rise

The cases of gastro-enteritis and abdominal diseases are on rise in the provincial metropolis mainly due to contaminated water and consumption of stale food items, as more and more cases are being reported in different hospitals of the city. According to
Published 28 Jun, 2009 12:00am
Pervez leaves for Egypt to attend Irena session

Pervez leaves for Egypt to attend Irena session

A high level delegation headed by the Federal Minister for Water and Power, Raja Pervez Ashraf has left for Egypt to attend second session of the Preparatory Commission of International Renewable Energy Agency (Irena) to be held at Sharm El Sheikh on 29 J
Published 28 Jun, 2009 12:00am
Strong commitment to work vital for industrial growth

Strong commitment to work vital for industrial growth

Commitment to work increases productivity, which is sine qua non for industrial growth of any country. According to Abdul Karim Ansari, Director General, National Institute of Labour Administration and Training (Nilat), one of the most outstanding example
Published 28 Jun, 2009 12:00am
Previous Day
⇧