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Print - 2009-11-18
Eid-ul-Azha on November 28

Eid-ul-Azha on November 28

The new Zilhij moon will be sighted today (Wednesday), according to astronomical parameters. Therefore, Zilhij One, 1430 AH will fall tomorrow (Thursday). The moon crossed the conjunction line yesterday (Tuesday) at 0014 Pakistan Standard Time (PST).
Published 18 Nov, 2009 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Tuesday (November 17, 2009).

Published 18 Nov, 2009 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Tuesday (November 17, 2009).

Published 18 Nov, 2009 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Tuesday (November 17, 2009).

Published 18 Nov, 2009 12:00am
Eid-ul-Azha on November 28

Eid-ul-Azha on November 28

The new Zilhij moon will be sighted today (Wednesday), according to astronomical parameters. Therefore, Zilhij One, 1430 AH will fall tomorrow (Thursday). The moon crossed the conjunction line yesterday (Tuesday) at 0014 Pakistan Standard Time (PST).
Published 18 Nov, 2009 12:00am
MoI to negotiate revised BIT with Germany

MoI to negotiate revised BIT with Germany

The Ministry of Investment is to negotiate ''revised'' Bilateral Investment Treaty (BIT) with Germany and an agreement on promotion of and protection of investment in Zimbabwe, official sources told Business Recorder. Sources said that first BIT of
Published 18 Nov, 2009 12:00am
MoI to negotiate revised BIT with Germany

MoI to negotiate revised BIT with Germany

The Ministry of Investment is to negotiate 'revised' Bilateral Investment Treaty (BIT) with Germany and an agreement on promotion of and protection of investment in Zimbabwe, official sources told Business Recorder. Sources said that first BIT of t
Published 18 Nov, 2009 12:00am
MoI to negotiate revised BIT with Germany

MoI to negotiate revised BIT with Germany

The Ministry of Investment is to negotiate 'revised' Bilateral Investment Treaty (BIT) with Germany and an agreement on promotion of and protection of investment in Zimbabwe, official sources told Business Recorder. Sources said that first BIT of t
Published 18 Nov, 2009 12:00am
'Media campaign': Zardari prods information corps

'Media campaign': Zardari prods information corps

President Zardari on Tuesday directed PPP information secretaries to effectively counter what he said 'media campaign' against him. Chairing a meeting of PPP's district information secretaries from across the country held at Awan-e-Sadr, President Zardari
Published 18 Nov, 2009 12:00am
Zardari approves extension of Anti-terrorism Ordinance 2009

Zardari approves extension of Anti-terrorism Ordinance 2009

President Asif Ali Zardari, on the advice of the Prime Minister, approved the extension of the Anti-Terrorism (Amendment) Ordinance 2009 to Provincial Administered Tribal Areas (Pata) of NWFP in terms of Article 247 of the Constitution. The spokesperson t
Published 18 Nov, 2009 12:00am
Taliban blow up girls' school

Taliban blow up girls' school

Taliban militants blew up a girls' school in Khyber district on Tuesday, the third such attack in the tribal region bordering Afghanistan so far this month, officials said. An intelligence official in the area said Taliban attacked the government-run scho
Published 18 Nov, 2009 12:00am
Israel, Turkey hold first joint military drill since row

Israel, Turkey hold first joint military drill since row

Israel and Turkey have held a joint military drill in Ankara, an official said Tuesday, the first such co-operation since Turkey excluded Israel from an October exercise, sparking a diplomatic row. Israeli and Turkish army units conducted a joint search a
Published 18 Nov, 2009 12:00am
Stamp out bank secrecy, corruption watchdog says

Stamp out bank secrecy, corruption watchdog says

Graft watchdog Transparency International hit out at rich countries over shady banking practices on Tuesday as it published its annual rankings naming and shaming the world's most corrupt nations. The group slammed developed countries that are otherwise r
Published 18 Nov, 2009 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (November 17, 2009).

Published 18 Nov, 2009 12:00am
NFC meeting: NWFP withdraws boycott decision

NFC meeting: NWFP withdraws boycott decision

The NWFP government on Tuesday withdrew its decision to boycott the two-day National Finance Commission (NFC) meeting being held in Karachi from Wednesday. Unhappy with the delay in the payment of Rs 10 billion, announced by Prime Minister Yousuf Raza Gil
Published 18 Nov, 2009 12:00am
NFC meeting: NWFP withdraws boycott decision

NFC meeting: NWFP withdraws boycott decision

The NWFP government on Tuesday withdrew its decision to boycott the two-day National Finance Commission (NFC) meeting being held in Karachi from Wednesday. Unhappy with the delay in the payment of Rs 10 billion, announced by Prime Minister Yousuf Raza Gil
Published 18 Nov, 2009 12:00am
NFC meeting: NWFP withdraws boycott decision

NFC meeting: NWFP withdraws boycott decision

The NWFP government on Tuesday withdrew its decision to boycott the two-day National Finance Commission (NFC) meeting being held in Karachi from Wednesday. Unhappy with the delay in the payment of Rs 10 billion, announced by Prime Minister Yousuf Raza Gil
Published 18 Nov, 2009 12:00am
''Protesters causing harm to bank''s image''

''Protesters causing harm to bank''s image''

MCB Staff Union of Pakistan on Tuesday claimed that Shaheed Usman Ghani Group had nothing to do with the MCB CBA. Addressing a press conference at Karachi Press Club on Tuesday, President MCB Staff Union of Pakistan (CBA) Riyafat Khan Jadoon and Secretary
Published 18 Nov, 2009 12:00am
Pakistan ranked 42nd 'most corrupt country'

Pakistan ranked 42nd 'most corrupt country'

Pakistan has been ranked as 42nd most corrupt country, among 180 countries ranked by the 'Transparency International Corruptions Perceptions Index (CPI) 2009' released here on Tuesday. Pakistan is followed by Bangladesh and India. New Zealand has been ran
Published 18 Nov, 2009 12:00am
'Protesters causing harm to bank's image'

'Protesters causing harm to bank's image'

MCB Staff Union of Pakistan on Tuesday claimed that Shaheed Usman Ghani Group had nothing to do with the MCB CBA. Addressing a press conference at Karachi Press Club on Tuesday, President MCB Staff Union of Pakistan (CBA) Riyafat Khan Jadoon and Secretary
Published 18 Nov, 2009 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (November 17, 2009).
Published 18 Nov, 2009 12:00am
'Protesters causing harm to bank's image'

'Protesters causing harm to bank's image'

MCB Staff Union of Pakistan on Tuesday claimed that Shaheed Usman Ghani Group had nothing to do with the MCB CBA. Addressing a press conference at Karachi Press Club on Tuesday, President MCB Staff Union of Pakistan (CBA) Riyafat Khan Jadoon and Secretary
Published 18 Nov, 2009 12:00am
Senior Taliban will play role in government: UK

Senior Taliban will play role in government: UK

Ending the war in Afghanistan will include senior Taliban commanders sitting in government in Kabul, Britain's foreign secretary said Tuesday. David Miliband also told a meeting of Nato's parliamentary assembly that military action must be accompanied by
Published 18 Nov, 2009 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (November 17, 2009).

Published 18 Nov, 2009 12:00am
Senior Taliban will play role in government: UK

Senior Taliban will play role in government: UK

Ending the war in Afghanistan will include senior Taliban commanders sitting in government in Kabul, Britain's foreign secretary said Tuesday. David Miliband also told a meeting of Nato's parliamentary assembly that military action must be accompanied by
Published 18 Nov, 2009 12:00am
KSE index loses 99.33 points

KSE index loses 99.33 points

The KSE-100 index on Tuesday lost 99.33 points to close at 9,204.98 points despite foreign investors' interest, mainly due to heavy selling by local players. The market opened on a positive note and remained volatile throughout the day with the index osci
Published 18 Nov, 2009 12:00am
BRIndex30 sheds 100.79 points

BRIndex30 sheds 100.79 points

On Tuesday, the BRIndex30 opened at 8,133.20 points, and closed at 8,032.41 points with a net negative change of -100.79 points and percentage change of -1.24. It experienced intra-day high of 8,182.41 and low of 8,010.76 points. The volume of BRIndex30 w
Published 18 Nov, 2009 12:00am
BRIndex30 sheds 100.79 points

BRIndex30 sheds 100.79 points

On Tuesday, the BRIndex30 opened at 8,133.20 points, and closed at 8,032.41 points with a net negative change of -100.79 points and percentage change of -1.24. It experienced intra-day high of 8,182.41 and low of 8,010.76 points. The volume of BRIndex30 w
Published 18 Nov, 2009 12:00am
KSE index loses 99.33 points

KSE index loses 99.33 points

The KSE-100 index on Tuesday lost 99.33 points to close at 9,204.98 points despite foreign investors'' interest, mainly due to heavy selling by local players. The market opened on a positive note and remained volatile throughout the day with the index osc
Published 18 Nov, 2009 12:00am
KSE index loses 99.33 points

KSE index loses 99.33 points

The KSE-100 index on Tuesday lost 99.33 points to close at 9,204.98 points despite foreign investors' interest, mainly due to heavy selling by local players. The market opened on a positive note and remained volatile throughout the day with the index osci
Published 18 Nov, 2009 12:00am
Cases against Zardari: two pending 'infructuous' pleas disposed of

Cases against Zardari: two pending 'infructuous' pleas disposed of

The Supreme Court on Tuesday disposed of as withdrawn two pending appeals in the cases of President Asif Ali Zardari after it was brought into its notice that the appeals, pending since 1999, had become infructuous as the cases had already been decided in
Published 18 Nov, 2009 12:00am
Cases against Zardari: two pending 'infructuous' pleas disposed of

Cases against Zardari: two pending 'infructuous' pleas disposed of

The Supreme Court on Tuesday disposed of as withdrawn two pending appeals in the cases of President Asif Ali Zardari after it was brought into its notice that the appeals, pending since 1999, had become infructuous as the cases had already been decided in
Published 18 Nov, 2009 12:00am
Pakistan ranked 42nd 'most corrupt country'

Pakistan ranked 42nd 'most corrupt country'

Pakistan has been ranked as 42nd most corrupt country, among 180 countries ranked by the 'Transparency International Corruptions Perceptions Index (CPI) 2009' released here on Tuesday. Pakistan is followed by Bangladesh and India. New Zealand has been ran
Published 18 Nov, 2009 12:00am
US net overall capital inflows surge

US net overall capital inflows surge

Foreign demand for US securities soared in September, the Treasury Department said on Tuesday, as investors grew more confident about a recovery in the world's largest economy. Net overall capital inflows into the United States jumped to $133.5 billion in
Published 18 Nov, 2009 12:00am
Suu Kyi proposes cooperation with junta

Suu Kyi proposes cooperation with junta

Detained opposition leader Aung San Suu Kyi is ready to cooperate with Myanmar's ruling junta in lifting foreign sanctions but it remains uncertain if the reconciliation efforts will yield results. In a letter to junta chief Senior General Than Shwe relea
Published 18 Nov, 2009 12:00am
US Army suicides to top 2008, but progress seen

US Army suicides to top 2008, but progress seen

Soldier suicides this year are almost sure to top last year's, but a recent decline in the pace of such deaths could mean the US Army is making progress in stemming them, officials said Tuesday. Army Vice Chief of Staff General Peter Chiarelli said that a
Published 18 Nov, 2009 12:00am
West wants Zimbabwe's farmers to fail: Mugabe

West wants Zimbabwe's farmers to fail: Mugabe

President Robert Mugabe called on Tuesday for the West to lift sanctions against Zimbabwe, saying "neo-colonialist enemies" were trying to make his land reform fail and his country dependent on food imports. Mugabe, speaking at a UN food summit in Rome, d
Published 18 Nov, 2009 12:00am
Kenya unveils new draft constitution after poll unrest

Kenya unveils new draft constitution after poll unrest

Kenya on Tuesday unveiled a new draft constitution proposing that the president be the head of state and creating a post of prime minister who will be the head of government. The east Africa country currently has a president who is both head of state and
Published 18 Nov, 2009 12:00am
Obama orders task force to fight financial crime

Obama orders task force to fight financial crime

The Obama administration created a new task force on Tuesday vowing to crack down on financial fraud following a rise in mortgage scams and high-profile Wall Street trading scandals. President Barack Obama signed an executive order directing the task forc
Published 18 Nov, 2009 12:00am
UK watchdog recommends liberalising media ownership

UK watchdog recommends liberalising media ownership

Britain's communications regulator recommended relaxing rules on ownership of local media to help commercial providers of regional news struggling to survive a slump in advertising. If approved by the government, the new rules recommended by Ofcom would a
Published 18 Nov, 2009 12:00am
India and Canada aim at free trade, to seal nuclear pact soon

India and Canada aim at free trade, to seal nuclear pact soon

India and Canada on Tuesday signed an agreement to facilitate co-operation in energy security and another accord aimed at reaching a bilateral free trade agreement. Indian Prime Minister Manmohan Singh and his Canadian counterpart Stephen Harper also held
Published 18 Nov, 2009 12:00am
Malaysian army officer gets 140 years for raping daughters

Malaysian army officer gets 140 years for raping daughters

A Malaysian army corporal was sentenced to a total of 140 years jail and 40 strokes of the cane for sexually assaulting his two underage daughters, a newspaper reported Tuesday. The 43-year old man had earlier pleaded guilty to raping and molesting two of
Published 18 Nov, 2009 12:00am
US urges EU, Gulf states to help Iraqi refugees

US urges EU, Gulf states to help Iraqi refugees

The United States urged European countries and wealthy Arab states on Tuesday to boost their aid to the millions of displaced Iraqis, saying they did "far too little" to assist them. "Our European friends and partners have done far too little to support t
Published 18 Nov, 2009 12:00am
Soldiers' mutiny raises concern in Israel

Soldiers' mutiny raises concern in Israel

Israeli Prime Minister Benjamin Netanyahu voiced concern on Tuesday over a mutiny by pro-settler soldiers that raised fears of more rebellion in the ranks in any future land-for-peace moves with the Palestinians. "Our security and existence depend on the
Published 18 Nov, 2009 12:00am
Bangladesh twins separated in marathon Australia surgery

Bangladesh twins separated in marathon Australia surgery

Australian doctors successfully separated joined-at-the-head Bangladeshi twins after more than 24 hours of surgery on Tuesday, saying the girls were "in great shape" but faced a difficult recovery. Two-year-old Trishna and Krishna, rescued from certain de
Published 18 Nov, 2009 12:00am
Africa agrees on secret climate damages demand

Africa agrees on secret climate damages demand

African leaders agreed on Tuesday on how much cash to demand from the rich world to compensate for the impact of climate change on the continent but kept the figure secret ahead of next month's Copenhagen talks. The United Nations summit in Denmark will t
Published 18 Nov, 2009 12:00am
UBL celebrates Golden Jubilee

UBL celebrates Golden Jubilee

UBL celebrated its Golden Jubilee recently with the launch of an exclusive, world-class Signature UBL Priority Banking service, designed to cater to high-end, high-net-worth customers across Pakistan. Four Signature UBL Priority Banking lounges simultaneo
Published 18 Nov, 2009 12:00am
Dilshan century lifts Sri Lanka

Dilshan century lifts Sri Lanka

Tillakaratne Dilshan smashed his fifth century of the year as Sri Lanka made a spirited reply in the first Test against India here on Tuesday. Dilshan hit 112, his 10th Test hundred, as Sri Lanka cruised to 275-3 by stumps on the second day in reply to In
Published 18 Nov, 2009 12:00am
Veterans T20 cricket starts today

Veterans T20 cricket starts today

Second National Veterans T20 Cricket Cup is starting in Lahore from Wednesday (today) in which players over 50 years of age are participating. Pakistan Veterans Cricket Association Chairman, Fawad Ijaz Khan, said four teams are participating in this Singl
Published 18 Nov, 2009 12:00am
Tensions mount before Algeria-Egypt World Cup qualifier

Tensions mount before Algeria-Egypt World Cup qualifier

Thousands of Algerian and Egyptian fans flocked into Khartoum on Tuesday for a make-or-break World Cup qualification play-off, with Sudanese police out in force to segregate the rival supporters. The authorities have put the security forces on high alert
Published 18 Nov, 2009 12:00am
FIFA gives Iraq 72 hours in row over association

FIFA gives Iraq 72 hours in row over association

FIFA on Tuesday gave Iraq a 72 hour ultimatum to reinstate its national football association or risk suspension from international football. World football's governing body said in a statement that it had learnt that "the Iraqi Olympic Committee announced
Published 18 Nov, 2009 12:00am
Football League 2009 from today: PFF chief approves seven new clubs

Football League 2009 from today: PFF chief approves seven new clubs

Pakistan Football Federation (PFF) has approved seven new clubs for Pakistan Football Federation (PFF) League 2009, which will explode into action with four matches at Lahore, Hyderabad and Islamabad on Wednesday (today). The Champions of departmental and
Published 18 Nov, 2009 12:00am
PMC, PEL post win in Premier Football

PMC, PEL post win in Premier Football

Faisalabad-born winger, Naeemullah struck last-ditch winner to provide three full points to PMC Athletico Club Faisalabad, as two more matches were decided in Pakistan Premier Football League on Tuesday. PMC edged out National Bank of Pakistan (NBP) 2-1,
Published 18 Nov, 2009 12:00am
Swiss franc lower

Swiss franc lower

The Swiss franc traded lower against the euro on Tuesday, but was still hovering very close to levels that could prompt the Swiss National Bank to start selling the currency as part of its fight against inflation. Against the dollar, the Swissie was also
Published 18 Nov, 2009 12:00am
Asian currencies decline

Asian currencies decline

The Philippine peso fell on profit-taking on Tuesday after opening firmer, while the Taiwan dollar hit a 1-1/2-month high on optimism about the island's closer ties with China but eased in offshore markets. The Chinese yuan fell in offshore non-deliverabl
Published 18 Nov, 2009 12:00am
Australian dollar slips

Australian dollar slips

The Australian dollar fell further from 15-month highs on Tuesday after the central bank said it was keeping an open mind on the pace of future interest rate rises, forcing investors to cut bets for a December hike. The Aussie edged lower to $0.9346, well
Published 18 Nov, 2009 12:00am
Hong Kong dollar stays on strong

Hong Kong dollar stays on strong

The Hong Kong dollar continued to trade at the top of its trading band on Tuesday, but there was no intervention by the city's central bank in New York trade on Monday after the Hong Kong government pledged to keep its currency pegged to the US dollar and
Published 18 Nov, 2009 12:00am
Dollar down broadly

Dollar down broadly

The dollar fell on Monday as a rise in US retail sales failed to change the outlook for low US interest rates and disagreement among Asian and US leaders on exchange rates weakened the greenback. The dollar managed a brief rally off lows after Federal Res
Published 18 Nov, 2009 12:00am
Dollar stable in Asia

Dollar stable in Asia

The dollar was steady in Asia Tuesday after getting a brief boost from a rare comment on currencies by US Federal Reserve chief Ben Bernanke, who voiced support for a strong dollar. The dollar was at 89.06 yen in Tokyo afternoon trade, against 89.05 in Ne
Published 18 Nov, 2009 12:00am
Yuan retreats

Yuan retreats

The yuan fell against the dollar in key offshore non-deliverable forwards (NDFs) on Tuesday as the Chinese central bank set a stable reference rate, showing its resolve not to yield to pressure for the yuan to appreciate despite a visit to China by US Pre
Published 18 Nov, 2009 12:00am
Obama prods China on yuan, but Hu silent on issue

Obama prods China on yuan, but Hu silent on issue

US President Barack Obama urged a reluctant China on Thursday to let its yuan currency rise in value at a summit where strains over trade between the two giants crept into proclamations of goodwill. Standing beside Obama after their summit, Chinese Presid
Published 18 Nov, 2009 12:00am
Obama prods China on yuan, but Hu silent on issue

Obama prods China on yuan, but Hu silent on issue

US President Barack Obama urged a reluctant China on Thursday to let its yuan currency rise in value at a summit where strains over trade between the two giants crept into proclamations of goodwill. Standing beside Obama after their summit, Chinese Presid
Published 18 Nov, 2009 12:00am
Obama prods China on yuan, but Hu silent on issue

Obama prods China on yuan, but Hu silent on issue

US President Barack Obama urged a reluctant China on Thursday to let its yuan currency rise in value at a summit where strains over trade between the two giants crept into proclamations of goodwill. Standing beside Obama after their summit, Chinese Presid
Published 18 Nov, 2009 12:00am
IMF eyes global currency change, presses on yuan

IMF eyes global currency change, presses on yuan

The imperative of greater global currency stability means the world can no longer rely, as it has done since the end of the gold standard, on a currency issued by a single country, the head of the IMF said on Tuesday. Dominique Strauss-Kahn, the managing
Published 18 Nov, 2009 12:00am