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Print - 2009-09-29
Saudi Arabia, other Arabs optimistic on economy

Saudi Arabia, other Arabs optimistic on economy

Gulf powerhouse Saudi Arabia and some other Arab countries voiced cautious optimism that economies were on the mend, with the United Arab Emirates seeing an improvement in lending conditions and liquidity. Oil producers in the Gulf region have boosted spe
Published 29 Sep, 2009 12:00am
Abbott, J&J to bulk up in Europe, vaccines

Abbott, J&J to bulk up in Europe, vaccines

US healthcare companies Abbott Laboratories and Johnson & Johnson announced deals worth almost 5 billion euros ($7.3 billion) with European rivals on Monday, aimed at securing vaccines and other products key to future growth. Johnson & Johnson, the world'
Published 29 Sep, 2009 12:00am
UN climate negotiators urged to break deadlock

UN climate negotiators urged to break deadlock

Delegates at the start of marathon climate talks in Thailand on Monday were told that the world expects action as they struggle to break the deadlock in negotiations for a tougher pact to fight global warming. The Bangkok talks, which run until October 9,
Published 29 Sep, 2009 12:00am
Britain to extend car scrappage scheme

Britain to extend car scrappage scheme

Business Secretary Peter Mandelson was to announce an extension of Britain's car scrappage scheme Monday, media reports said. Mandelson was to make the announcement in a speech at the annual conference of the beleaguered ruling Labour Party, which is batt
Published 29 Sep, 2009 12:00am
Zoellick wary of more Fed power

Zoellick wary of more Fed power

The head of the World Bank on Monday sounded a cautionary note about granting greater regulatory power to the US Federal Reserve and said the dollar's future will "depend heavily on US choices." "It should not be a surprise that American democracy is hesi
Published 29 Sep, 2009 12:00am
Battery maker tops annual China 'rich list'

Battery maker tops annual China 'rich list'

Wang Chuanfu, the founder of Chinese battery and electric car maker BYD, has become China's richest person thanks to US billionaire investor Warren Buffet, according to a list published Monday. Wang, 43, leapt 102 places to top the Hunrun Rich List after
Published 29 Sep, 2009 12:00am
Global crisis 'opportunity' for more welfare spending: ADB

Global crisis 'opportunity' for more welfare spending: ADB

The global economic crisis will keep more than 60 million Asians in poverty this year, the head of the Asian Development Bank said on Monday, urging a greater focus on social welfare including healthcare. "This crisis should be seen as an opportunity to t
Published 29 Sep, 2009 12:00am
China faces 'big' uncertainties: World Bank chief

China faces 'big' uncertainties: World Bank chief

China faces major uncertainties even though it rebounded strongly from the latest financial crisis aided by its huge treasure chest, World Bank President Robert Zoellick said on Monday. "China's future is not yet determined," he said even though the Asian
Published 29 Sep, 2009 12:00am
Polanski to fight extradition after Zurich arrest

Polanski to fight extradition after Zurich arrest

Film director Roman Polanski, arrested in Switzerland over a US charge of having sex with a 13-year-old girl in 1977, will fight extradition to the United States, his lawyer said on Monday. Polanski, 76, who has dual French and Polish citizenship, was det
Published 29 Sep, 2009 12:00am
Former French Prime Minister sues Sarkozy over trial comments

Former French Prime Minister sues Sarkozy over trial comments

Lawyers for former French Prime Minister Dominique de Villepin, currently on trial over a smear scandal, filed legal action on Monday against President Nicolas Sarkozy for describing Villepin as "guilty"in an interview. Villepin is charged with trying to
Published 29 Sep, 2009 12:00am
Asylum influx a fresh threat to Australian Prime Minister

Asylum influx a fresh threat to Australian Prime Minister

An influx of refugee boats poses a new threat to Labour Prime Minister Kevin Rudd and could divide Australians a year from elections and reignite an immigration row that carried conservatives to victory in 2001. Two rickety boats carrying 40 asylum seeker
Published 29 Sep, 2009 12:00am
Guns fired as opposition gathers in Guinea capital

Guns fired as opposition gathers in Guinea capital

Guinea's security forces used live ammunition and tear gas to disperse thousands of protesters in the capital on Monday, witnesses said, marking an escalation in a political crisis in the world's top bauxite exporter. Witnesses said one person was killed
Published 29 Sep, 2009 12:00am
'Modern slave' migrants toil in Italy's tomato fields

'Modern slave' migrants toil in Italy's tomato fields

After crossing half of Africa and surviving a perilous boat trip from Libya in search of a better life in Italy, Boubacar Bailo is now contemplating suicide. One of an army of illegal immigrants hired to harvest tomatoes in the Puglia region, Bailo squats
Published 29 Sep, 2009 12:00am
Chavez proposes Africa-South America mining firm

Chavez proposes Africa-South America mining firm

Venezuela's President Hugo Chavez proposed on Sunday that South American and African nations unite to create a cross-continental mining corporation to keep control of their resources. "Africa and South America are rich lands, yet their peoples are poor, b
Published 29 Sep, 2009 12:00am
Niger's Tandja wants more power in legislative poll

Niger's Tandja wants more power in legislative poll

Campaigning has begun for Niger's October 20 parliamentary election, with President Mamadou Tandja calling on voters in the uranium-mining country to give him and his party the power to complete large-scale projects. Last month Tandja used the same ration
Published 29 Sep, 2009 12:00am
Taliban not the enemy in Afghanistan: Polish aide

Taliban not the enemy in Afghanistan: Polish aide

The United States has too often left allies to suffer the consequences of flawed policies in Afghanistan and must now negotiate peace with the resurgent Taliban, Poland's defence ministry advisor said on Monday. "We must limit military actions and fight a
Published 29 Sep, 2009 12:00am
Pakistan to bid for World Twenty20

Pakistan to bid for World Twenty20

Pakistan's cricket chief said the country will bid to host the 2014 World Twenty20 championship and vowed to revive international cricket in the troubled nation, a paper reported Monday. Speaking to the English-language newspaper, in Johannesburg, Pakista
Published 29 Sep, 2009 12:00am
Chinese Prime Minister to visit North Korea, may boost nuclear talks

Chinese Prime Minister to visit North Korea, may boost nuclear talks

China's prime minister will visit reclusive North Korea early next week for a trip that could help revive talks with global powers stalled for nearly a year on ending Pyongyang's nuclear ambitions. Analysts said China, the closest destitute North Korea ha
Published 29 Sep, 2009 12:00am
England in semi-finals, South Africa crash out

England in semi-finals, South Africa crash out

England stormed into the Champions Trophy semi-finals with a 22-run victory over South Africa who crashed out of the tournament despite captain Graeme Smith's brave century here on Sunday. Smith hit a career-best 141 for his eighth one-day hundred but his
Published 29 Sep, 2009 12:00am
Run-rampant England and New Zealand clash

Run-rampant England and New Zealand clash

England and New Zealand want to maintain run-rich form when they clash Tuesday at the Wanderers in the final Group B fixture of the ICC Champions Trophy. Dismissed with the West Indies as tournament no-hopers, England made 323-8 against hosts South Africa
Published 29 Sep, 2009 12:00am
Arsenal announce record profit

Arsenal announce record profit

Arsenal on Monday announced a record profit after tax of 35.2 million pounds (38.2 million euros) from results for the financial year ending May 31. The turnover of the Gunners' parent holding company, which also has substantial property interests at the
Published 29 Sep, 2009 12:00am
Sri Lanka and England fined

Sri Lanka and England fined

Sri Lanka and England have been fined for slow over-rates following contrasting results in Group B Champions Trophy matches on Sunday. Sri Lanka, who lost by 38 runs to New Zealand at the Wanderers, were ruled two overs short in the allotted time, an Inte
Published 29 Sep, 2009 12:00am
Malaysia needs $129 million for Formula One team

Malaysia needs $129 million for Formula One team

Aviation mogul Tony Fernandes said Monday it will cost about 450 million ringgit (129 million dollars) to put Malaysia on next year's Formula One grid and to complete the 19-race schedule. "We need 100 to 150 million ringgit to put the car on the grid. An
Published 29 Sep, 2009 12:00am
West Ham and Millwall charged over League Cup violence

West Ham and Millwall charged over League Cup violence

West Ham and Millwall face punishment by the English Football Association after being charged with several offences following the crowd violence that marred their League Cup clash in August. The FA have issued four charges against West Ham and three again
Published 29 Sep, 2009 12:00am
Safina tumbles out

Safina tumbles out

World number one Dinara Safina tumbled out of the Pan Pacific Open on Monday at the hands of unheralded teenage qualifier Chang Kai-chen of Taiwan. Chang, ranked a lowly 132 in the world, saw off the defending champion, who received a first-round bye with
Published 29 Sep, 2009 12:00am
Sharapova survives scare at Pan Pacific Open

Sharapova survives scare at Pan Pacific Open

Maria Sharapova began her campaign to reclaim the Pan Pacific Open title Monday with victory over Francesca Schiavone of Italy. But the three-time Grand Slam champion was forced to come from a set down to eventually take the match 4-6, 7-5, 6-1 after two
Published 29 Sep, 2009 12:00am
Roger Federer stamps his class on Austria

Roger Federer stamps his class on Austria

Austria's postal services announced Monday they will issue a stamp honouring Swiss ace Roger Federer as the world's best tennis player, officials said Monday. The 65-centime stamp shows Federer winning the French Open last June. Some 400,000 stamps of the
Published 29 Sep, 2009 12:00am
Alonso set to join Ferrari

Alonso set to join Ferrari

Double world champion Fernando Alonso is set to join Ferrari in 2010 with a decision coming as soon as next weekend at the Japanese Grand Prix, reports said Monday. Speculation has been rife in the Formula One paddock of an impending move and the driver h
Published 29 Sep, 2009 12:00am
Unbeaten Rosenborg tie up title early

Unbeaten Rosenborg tie up title early

Rosenborg captured the Norwegian league title for the 21st time on Sunday beating second-placed Molde 2-0 as their undefeated run for the season continued. Former Tottenham star Steffen Iversen opened the scoring at Molde in the 79th minute and Trond Olse
Published 29 Sep, 2009 12:00am
England still first up for Flintoff

England still first up for Flintoff

Andrew Flintoff has hit back at claims that he has become a cricket mercenary by insisting he remains completely committed to playing for England. Flintoff's decision to turn down the English Cricket Board's recent offer of an incremental contract worth 2
Published 29 Sep, 2009 12:00am
Malaysian palm oil hits two-week lows

Malaysian palm oil hits two-week lows

Malaysian crude palm oil futures slid 4.8 percent on Monday, hitting a two week low, as traders booked profits after an industry analyst over the weekend painted a short-term bearish picture of the market. Palm oil, down 6 percent so far in the second hal
Published 29 Sep, 2009 12:00am
China's next strategic oil reserve tanks may be built by 2011

China's next strategic oil reserve tanks may be built by 2011

China hopes to complete its second phase strategic oil storage tanks in two years, a senior energy official said on Monday, a pace up to twice as quick as local media have reported. The readiness of some 170 million barrels of new tanks by late 2011 would
Published 29 Sep, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (September 28, 2009).

Published 29 Sep, 2009 12:00am
US gasoline prices slip

US gasoline prices slip

The average price of a gallon of gasoline in the United States slipped 7 cents over the past two weeks, as high unemployment crimped demand, according to a survey released on Sunday. The average price for a gallon of self-serve, regular, unleaded gas was
Published 29 Sep, 2009 12:00am
Key stock and currency market movements

Key stock and currency market movements

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

Published 29 Sep, 2009 12:00am
US soyabean drops one percent as record harvest looms, wheat up

US soyabean drops one percent as record harvest looms, wheat up

Chicago soyabean futures slid more than 1 percent on Monday as US farmers geared up to harvest a record crop, while corn ticked lower as fears of crop-damaging frost faded. Wheat rose half a percent, following a drop of five percent in the previous sessio
Published 29 Sep, 2009 12:00am
The Weather

The Weather

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

Published 29 Sep, 2009 12:00am
Vietnam aims to ship one million tonnes of rice in October

Vietnam aims to ship one million tonnes of rice in October

Vietnam plans to load 1 million tonnes of rice in October, which would take total exports this year to a record 5.8 million tonnes, a state-run newspaper said on Monday. Vietnam Food Association Chairman Truong Thanh Phong said exporters had signed deals
Published 29 Sep, 2009 12:00am
Three Fata ministers decide to resign

Three Fata ministers decide to resign

Three federal ministers from Federally Administered Tribal Areas (Fata) have decided to resign from ministries, saying they were not taken into confidence over Waziristan operation and are not being provided development funds. Hameedullah Jan Afridi, Noor
Published 29 Sep, 2009 12:00am
Tokyo rubber futures fall

Tokyo rubber futures fall

Key Tokyo rubber futures fell on Monday as the yen's extended gains against the dollar hurt buyer appetite. The benchmark Tokyo Commodity Exchange rubber futures contract for March delivery, which debuted on Friday, stood at 194.6 yen per kg at 0058 GMT,
Published 29 Sep, 2009 12:00am
Clocks to be reversed one hour from November 1

Clocks to be reversed one hour from November 1

The government has decided to turn back the clocks an hour from November 1, an official in the Ministry of Interior said here on Monday. The current Pakistan Standard Time (PST) would be reversed one-hour at 12:00 hrs midnight of November 1. The clocks we
Published 29 Sep, 2009 12:00am
Indonesia state firms reluctant to import raw sugar

Indonesia state firms reluctant to import raw sugar

Most Indonesian state firms which produce white sugar are reluctant to make use of a higher quota this year to import raw sugar because of cost concerns, an official at the state enterprises ministry said on Monday. The reluctance by state firms to import
Published 29 Sep, 2009 12:00am
Three Fata ministers decide to resign

Three Fata ministers decide to resign

Three federal ministers from Federally Administered Tribal Areas (Fata) have decided to resign from ministries, saying they were not taken into confidence over Waziristan operation and are not being provided development funds. Hameedullah Jan Afridi, Noor
Published 29 Sep, 2009 12:00am
Malaysia sets rubber levy

Malaysia sets rubber levy

Malaysia, the world's third largest producer of rubber, imposed a new levy on imported rubber for re-export and compound rubber in a move to reduce reliance on imports and support local production. The small levy was unlikely to affect prices, with demand
Published 29 Sep, 2009 12:00am
Clocks to be reversed one hour from November 1

Clocks to be reversed one hour from November 1

The government has decided to turn back the clocks an hour from November 1, an official in the Ministry of Interior said here on Monday. The current Pakistan Standard Time (PST) would be reversed one-hour at 12:00 hrs midnight of November 1. The clocks we
Published 29 Sep, 2009 12:00am
Oil falls below $66 in Asia

Oil falls below $66 in Asia

Oil slipped below $66 a barrel on Monday, extending last week's decline of 8.4 percent, as investors focused on the halting economic recovery in the United States and shrugged off escalating tension between Iran and the West. Gains for the US dollar again
Published 29 Sep, 2009 12:00am
Fixing gas, power tariffs job of Ogra, Nepra: Gilani

Fixing gas, power tariffs job of Ogra, Nepra: Gilani

Prime Minister Syed Yousuf Raza Gilani on Monday said that fixing power and gas tariff was the job of National Electric Power Regulatory Authority (Nepra) and Oil and Gas Regulatory Authority (Ogra), saying that the government can't interfere in their day
Published 29 Sep, 2009 12:00am
Gold dips below $990 in Asian trade

Gold dips below $990 in Asian trade

Gold fell below $990 an ounce on Monday as a rise in the dollar versus the euro weighed on the precious metal, whose inability to stay above $1,000 has disappointed some investors. Gold's inverse relationship with the dollar over the past few weeks has be
Published 29 Sep, 2009 12:00am
Fixing gas, power tariffs job of Ogra, Nepra: Gilani

Fixing gas, power tariffs job of Ogra, Nepra: Gilani

Prime Minister Syed Yousuf Raza Gilani on Monday said that fixing power and gas tariff was the job of National Electric Power Regulatory Authority (Nepra) and Oil and Gas Regulatory Authority (Ogra), saying that the government can't interfere in their day
Published 29 Sep, 2009 12:00am
Malaysia tin ends flat

Malaysia tin ends flat

Malaysian tin remained unchanged despite a small rise in Londan Metal Exchange prices, due to a lack of buyers at the open, one dealer said. Prices today were mainly supported by Japanese buying, the daeler said.
Published 29 Sep, 2009 12:00am
Fixing gas, power tariffs job of Ogra, Nepra: Gilani

Fixing gas, power tariffs job of Ogra, Nepra: Gilani

Prime Minister Syed Yousuf Raza Gilani on Monday said that fixing power and gas tariff was the job of National Electric Power Regulatory Authority (Nepra) and Oil and Gas Regulatory Authority (Ogra), saying that the government can''t interfere in their da
Published 29 Sep, 2009 12:00am
Shanghai copper down

Shanghai copper down

Copper prices fell in Shanghai and London on Monday, adding to last week's 3 percent loss, under pressure from disappointing US economic data and a strengthening dollar. "The weaker data since last week's optimistic assessment of the economy by the Fed ha
Published 29 Sep, 2009 12:00am
Ministry trying to get control over urea import plan

Ministry trying to get control over urea import plan

The Ministry of Industries and Production is reportedly battling to get control over the urea import plan in an effort to allocate the fertiliser's distribution contract to its subsidiary, National Fertiliser Marketing Limited (NFML), official documents a
Published 29 Sep, 2009 12:00am
Drought cuts China's corn crop, import unlikely: USGC

Drought cuts China's corn crop, import unlikely: USGC

The US Grains Council forecast a nearly 10 percent drop in Chinese corn production in 2009 due to drought in some areas, but said government stocks of corn were currently sufficient to meet the country's needs. Corn prices have been rising in some parts o
Published 29 Sep, 2009 12:00am
Ministry trying to get control over urea import plan

Ministry trying to get control over urea import plan

The Ministry of Industries and Production is reportedly battling to get control over the urea import plan in an effort to allocate the fertiliser''s distribution contract to its subsidiary, National Fertiliser Marketing Limited (NFML), official documents
Published 29 Sep, 2009 12:00am
Kenyan tea exports down

Kenyan tea exports down

Kenyan tea exports between January and August slumped 11.6 percent by volume versus the same period last year, officials said on Monday, but earnings rose 13 percent to 43.1 billion shillings ($576.5 million). Kenya's tea board said it expected overall ea
Published 29 Sep, 2009 12:00am
Ministry trying to get control over urea import plan

Ministry trying to get control over urea import plan

The Ministry of Industries and Production is reportedly battling to get control over the urea import plan in an effort to allocate the fertiliser's distribution contract to its subsidiary, National Fertiliser Marketing Limited (NFML), official documents a
Published 29 Sep, 2009 12:00am
Russian grain export prices stable

Russian grain export prices stable

Russian grain export prices were stable last week, while a stronger rouble resulted in a slight increase in dollar-denominated prices within the domestic market, agricultural analysts said on Monday. Ordinary wheat forward export prices were around $160 p
Published 29 Sep, 2009 12:00am
Iran flexes muscle ahead of talks with major powers

Iran flexes muscle ahead of talks with major powers

Iran test-fired missiles on Monday which a commander said could reach any regional target, flexing its military muscle before crucial talks this week with major powers worried about Tehran's nuclear ambitions. The missile drills of the elite Revolutionary
Published 29 Sep, 2009 12:00am
China sees cotton output down 10 percent

China sees cotton output down 10 percent

China's cotton output this year is likely to fall 10 percent from last year to about 7 million tonnes and the government will continue to stockpile cotton in Xinjiang region, an industry website cited government officials as saying on Sunday.
Published 29 Sep, 2009 12:00am
Iran flexes muscle ahead of talks with major powers

Iran flexes muscle ahead of talks with major powers

Iran test-fired missiles on Monday which a commander said could reach any regional target, flexing its military muscle before crucial talks this week with major powers worried about Tehran's nuclear ambitions. The missile drills of the elite Revolutionary
Published 29 Sep, 2009 12:00am
UBS sees Asia coal prices rebound to $90 per tonne

UBS sees Asia coal prices rebound to $90 per tonne

Spot thermal coal prices in Asia are expected to reach $90 a tonne by the fourth quarter, setting the stage for a 25 percent jump in 2010 benchmark contract prices, UBS said on Monday. The bank said in a research report that although spot thermal coal pri
Published 29 Sep, 2009 12:00am
Honduran troops shut down pro-Zelaya media

Honduran troops shut down pro-Zelaya media

Honduras' de facto government on Monday sent troops to shut down two local media stations loyal to ousted President Manuel Zelaya as it dug in to resist international pressure to return him to power. Zelaya was overthrown in a military coup on June 28, bu
Published 29 Sep, 2009 12:00am
HRW wheat bids steady

HRW wheat bids steady

Basis bids for hard red winter wheat in the US Plains held steady Monday, with planting of the new crop well underway amid good conditions. Fields were drying out enough in parts of Oklahoma to allow acceleration of seeding in that key growing state, with
Published 29 Sep, 2009 12:00am
40 Taliban killed in western Afghanistan

40 Taliban killed in western Afghanistan

US Marines and Afghan soldiers killed 40 Taliban fighters in a joint operation in Afghanistan's west on Monday, the Afghan army said. "At the request of the local population an operation was launched by the Afghan army and the US Marines in the district o
Published 29 Sep, 2009 12:00am
China to buy more rapeseed for reserves

China to buy more rapeseed for reserves

The Chinese government will buy an additional 1 million tonnes of rapeseed or equivalent to 333,300 tonnes of rapeseed oil for state reserves to aid farmers mainly in north-west areas. The new purchases would be made in 11 provinces, including regions of
Published 29 Sep, 2009 12:00am
DUHS Pro vice chancellor injured in firing

DUHS Pro vice chancellor injured in firing

Pro Vice Chancellor of Dow University of Health Science (DUHS) Dr Salahuddin injured in an attack by some unknown persons at Five Star Chowrangi, North Nazimabad on late Monday night. According to Aaj TV, Dr Salahuddin received bullet injuries and
Published 29 Sep, 2009 12:00am
US Midwest soya bids fall, corn steady

US Midwest soya bids fall, corn steady

Spot soyabean basis bids dropped in parts of the western US Midwest on Monday where harvest was under way, while bids firmed in eastern areas where supplies were scarce and weekend rain stalled any early progress, dealers said. Corn basis was mostly stead
Published 29 Sep, 2009 12:00am
China says no to WTO chemical sector deal

China says no to WTO chemical sector deal

China rejected on Monday calls from the United States and European businesses to join a pact eliminating import duties in the chemical sector as part of a global trade deal. The refusal, voiced by China's ambassador to the World Trade Organisation, Sun Zh
Published 29 Sep, 2009 12:00am
Ivorian cocoa weather good in runup to season start

Ivorian cocoa weather good in runup to season start

Favourable weather conditions last week bode well for the opening of Ivory Coast's 2009/10 main cocoa crop season this Thursday, farmers said on Monday. Bad weather was one of the many problems that dragged 2008/09 harvest volumes in the world's biggest c
Published 29 Sep, 2009 12:00am
China says no to WTO chemical sector deal

China says no to WTO chemical sector deal

China rejected on Monday calls from the United States and European businesses to join a pact eliminating import duties in the chemical sector as part of a global trade deal. The refusal, voiced by China's ambassador to the World Trade Organisation, Sun Zh
Published 29 Sep, 2009 12:00am
Activity at Karachi and Qasim Ports

Activity at Karachi and Qasim Ports

The Karachi Port handled 209,726 tonnes of cargo including 153,490 tonnes import and 56,236 tonnes export cargo including 4,075 empty and loaded containers during last 48 hours ending at 0700 hours on Monday. The cargo comprised of 185,373 tonnes dry carg
Published 29 Sep, 2009 12:00am
EU ministers reluctant to reinforce Afghanistan

EU ministers reluctant to reinforce Afghanistan

European defence ministers expressed reluctance on Monday to send more troops to the Nato-led mission in Afghanistan, anticipating the response to a possible US call for reinforcements. Rather than send reinforcements, several EU states want to focus reso
Published 29 Sep, 2009 12:00am
Panic buying by exporters, mills observed on cotton market

Panic buying by exporters, mills observed on cotton market

Panic buying was witnessed in recent history of cotton business following the expectations that exports will gain momentum after textile policy, dealers said on the cotton market on Monday. The official spot rate was unchanged at Rs 3500, they said. Appro
Published 29 Sep, 2009 12:00am
EU ministers reluctant to reinforce Afghanistan

EU ministers reluctant to reinforce Afghanistan

European defence ministers expressed reluctance on Monday to send more troops to the Nato-led mission in Afghanistan, anticipating the response to a possible US call for reinforcements. Rather than send reinforcements, several EU states want to focus reso
Published 29 Sep, 2009 12:00am
Pakistan qualify for semi-finals

Pakistan qualify for semi-finals

Pakistan qualified for the Champions Trophy semi-finals after the India-Australia match was abandoned due to rain here on Monday. Pakistan have already secured four points after winning both of their matches in the four-team Group A, while Australia have
Published 29 Sep, 2009 12:00am
Barley, til rates sharply higher on grain market

Barley, til rates sharply higher on grain market

A few changes were seen on the wholesale grain and seed market on Monday as most of the items held the overnight levels in process of trading, dealers said. On the cereals side, Masoor Canada dropped by Rs 100 to Rs 8500-8600, Barley Sindh and Mardan, how
Published 29 Sep, 2009 12:00am
Pakistan qualify for semi-finals

Pakistan qualify for semi-finals

Pakistan qualified for the Champions Trophy semi-finals after the India-Australia match was abandoned due to rain here on Monday. Pakistan have already secured four points after winning both of their matches in the four-team Group A, while Australia have
Published 29 Sep, 2009 12:00am
Tajikistan bans beards for teachers under 50

Tajikistan bans beards for teachers under 50

Tajikistan has banned school and university teachers under the age of 50 from wearing beards and limited the beard length for older education staff. Tajikistan, which borders Afghanistan, regards radical Islamic groups as a threat and has cracked down on
Published 29 Sep, 2009 12:00am
Tajikistan bans beards for teachers under 50

Tajikistan bans beards for teachers under 50

Tajikistan has banned school and university teachers under the age of 50 from wearing beards and limited the beard length for older education staff. Tajikistan, which borders Afghanistan, regards radical Islamic groups as a threat and has cracked down on
Published 29 Sep, 2009 12:00am
CIF Gulf soyabean lower; corn mostly steady

CIF Gulf soyabean lower; corn mostly steady

Basis bids for September and October soyabeans shipped by barge to the US Gulf were lower on Monday as the harvest progressed, traders said. Corn basis values were mostly steady, but could come under pressure as the Midwest harvest advanced. Traders said
Published 29 Sep, 2009 12:00am
Zardari arrives in Italy

Zardari arrives in Italy

President Asif Ali Zardari arrived Monday in Rome for a three-day visit where he will meet with Italian leaders as well as Pope Benedict XVI. Zardari was welcomed at Rome-Ciampino military airport by Italy's ambassador to Pakistan Vincenzo Prati and Pakis
Published 29 Sep, 2009 12:00am
Oil cake market rates

Oil cake market rates

Mixed pattern was seen on the forward cottonseed oilcake market on Monday in process of slow trading, dealers said. The December vaida, which closed at 901.70, opened with a fall of 20 paisa at Rs 901.60 and January contract, which closed at Rs 945.700, c
Published 29 Sep, 2009 12:00am
Zardari arrives in Italy

Zardari arrives in Italy

President Asif Ali Zardari arrived Monday in Rome for a three-day visit where he will meet with Italian leaders as well as Pope Benedict XVI. Zardari was welcomed at Rome-Ciampino military airport by Italy's ambassador to Pakistan Vincenzo Prati and Pakis
Published 29 Sep, 2009 12:00am
China says no to WTO chemical sector deal

China says no to WTO chemical sector deal

China rejected on Monday calls from the United States and European businesses to join a pact eliminating import duties in the chemical sector as part of a global trade deal. The refusal, voiced by China''s ambassador to the World Trade Organisation, Sun Z
Published 29 Sep, 2009 12:00am
BoI seeking tax relief on already cleared shipments of P&G

BoI seeking tax relief on already cleared shipments of P&G

The Board of Investment (BoI) is reportedly seeking concessions in duties and taxes on already cleared shipments of M/s Procter and Gamble (P&G) which intends to establish two greenfield manufacturing facilities at Port Qasim Industrial Zone, official sou
Published 29 Sep, 2009 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (September 28, 2009).

Published 29 Sep, 2009 12:00am
BoI seeking tax relief on already cleared shipments of P&G

BoI seeking tax relief on already cleared shipments of P&G

The Board of Investment (BoI) is reportedly seeking concessions in duties and taxes on already cleared shipments of M/s Procter and Gamble (P&G) which intends to establish two greenfield manufacturing facilities at Port Qasim Industrial Zone, official sou
Published 29 Sep, 2009 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (September 28, 2009).

Published 29 Sep, 2009 12:00am
BoI seeking tax relief on already cleared shipments of P&G

BoI seeking tax relief on already cleared shipments of P&G

The Board of Investment (BoI) is reportedly seeking concessions in duties and taxes on already cleared shipments of M/s Procter and Gamble (P&G) which intends to establish two greenfield manufacturing facilities at Port Qasim Industrial Zone, official sou
Published 29 Sep, 2009 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (September 28, 2009).

Published 29 Sep, 2009 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) -- issued by the Foreign Exchange Rates Comm
Published 29 Sep, 2009 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 29 Sep, 2009 12:00am
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