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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2009-11-21
Asian debt spreads widen

Asian debt spreads widen

Asian bond spreads widened on Friday as economic worries prompted investors to dump risky assets but an expected slowdown in the flow of new issues ahead of the year-end restricted losses. Issues from India's ICICI Bank and Philippine state agency PSALM a
Published 21 Nov, 2009 12:00am
Jakarta shares higher

Jakarta shares higher

Indonesian shares closed 0.75 percent higher Friday, led by coal miner Bumi Resources, dealers said. The Jakarta Composite Index gained 18.57 points to 2,487.36 in moderate volume. "Healthy foreign buying drove the index higher," a trader told Dow Jones N
Published 21 Nov, 2009 12:00am
Seoul shares end flat

Seoul shares end flat

Seoul shares reversed their earlier losses to end flat on Friday helped by gains in LG Electronics, but losses in memory chip issues such as Samsung Electronics weighed. "Program buying in large part helped markets turn around, and sentiment remains solid
Published 21 Nov, 2009 12:00am
Tokyo stocks decline

Tokyo stocks decline

Japan's Nikkei stock average fell 0.5 percent on Friday and logged its first four-week losing streak in over a year, with Sony sliding after its new growth strategy failed to reassure investors. Helping to temper the Nikkei's decline were gains in banking
Published 21 Nov, 2009 12:00am
New Zealand shares lower

New Zealand shares lower

New Zealand shares closed 0.88 percent lower Friday, in line with other regional markets, dealers said. The benchmark NZX-50 index fell 27.55 points to 3,113.63 on light turnover worth 70.7 million dollars (51.6 million US). There were 58 falls and 22 ris
Published 21 Nov, 2009 12:00am
Singapore shares surge

Singapore shares surge

Singapore shares closed 0.10 percent higher Friday as the market struggled for direction amid a lack of leads, dealers said. The blue chip Straits Times Index added 2.75 points to 2,761.54 on volume of 1.50 billion shares worth 1.16 billion Singapore doll
Published 21 Nov, 2009 12:00am
Yuan ends up

Yuan ends up

The yuan ended up slightly against the dollar on Friday as the central bank set a stable reference rate, showing its resolve not to allow the yuan to appreciate while two US senators renewed efforts to probe China on its yuan peg. Expressing frustration o
Published 21 Nov, 2009 12:00am
Dollar hold gains

Dollar hold gains

The dollar and yen on Friday kept their broad gains made the previous day but investor selling of higher-yielding currencies slowed as profit-booking on their rallies of the past few months eased up. The Australian dollar edged back from early losses and
Published 21 Nov, 2009 12:00am
Dollar, yen advance

Dollar, yen advance

The dollar and yen rose on Thursday amid revived safe-haven demand for the US and Japanese currencies following a pullback in risk appetite as illustrated by declines in equity and commodity markets. The dollar and commodities are often inversely correlat
Published 21 Nov, 2009 12:00am
Hong Kong dollar steady

Hong Kong dollar steady

The Hong Kong dollar held steady at the top end of its trading band against the US dollar on Friday, despite a recent correction in the domestic stock market. A trader at a local bank said investors were likely to keep their funds in Hong Kong, given low
Published 21 Nov, 2009 12:00am
Australian dollar bruised

Australian dollar bruised

The Australian dollar slid below $0.92 on Friday after more investors hurried to lock in gains in one of the year's best-performing currencies. The Aussie slid as far as $0.9151, down from $0.9237 seen here late Thursday, and well off a 15-month high of $
Published 21 Nov, 2009 12:00am
Asian currencies hurt by dollar covering

Asian currencies hurt by dollar covering

The Indonesian rupiah fell in spot and offshore markets on Friday as investors covered their dollar positions due to lingering jitters over capital controls, which also pressured other Asian currencies. Sentiment was undermined by weaker Asian stocks as i
Published 21 Nov, 2009 12:00am
Swiss franc trades in tight range

Swiss franc trades in tight range

The Swiss franc on Friday traded in a tight range against the euro, within sight of intervention levels, and continued to inch away from its high this month against the dollar hit on November 11. Swiss National Bank Chairman Jean-Pierre Roth is scheduled
Published 21 Nov, 2009 12:00am
Domenech pockets 862,000 euro bonus

Domenech pockets 862,000 euro bonus

France coach Raymond Domenech is almost 862,000 euros richer after leading 'Les Bleus' to the 2010 World Cup in South Africa, according to France Football Friday. The French football magazine published a list of the bonuses awarded to the French football
Published 21 Nov, 2009 12:00am
FIFA rejects France versus Ireland replay request

FIFA rejects France versus Ireland replay request

Soccer's world governing body FIFA has confirmed that the controversial France v Ireland World Cup playoff will not be replayed. The Irish football association (FAI) appealed to FIFA for a replay after Thierry Henry handled the ball when setting up Willia
Published 21 Nov, 2009 12:00am
Reuters suspends Australian cricket coverage

Reuters suspends Australian cricket coverage

International news agency Reuters has suspended coverage of Cricket Australia matches and events for a second season because of a long-running dispute over media rights and freedom of the press. Reuters said on Friday it was unable to provide text, pictur
Published 21 Nov, 2009 12:00am
Butt denies issuing any statement about Shoaib

Butt denies issuing any statement about Shoaib

Pakistan Cricket Board (PCB) Chairman, Ejaz Butt denied on Friday any statement regarding closing door of cricket on pacer Shoaib Akhtar once and for all. It may be noted that a website quoted Ijaz Butt ruling out the return of controversial pacer Shoaib
Published 21 Nov, 2009 12:00am
Bond returns to New Zealand team for Pakistan Tests

Bond returns to New Zealand team for Pakistan Tests

Star fast bowler Shane Bond has been recalled to the New Zealand Test squad to play Pakistan in the first two Tests of a three-match series. Bond's selection Friday follows a two-year absence from the New Zealand Test team due to injury and his participat
Published 21 Nov, 2009 12:00am
India force a draw after Gambhir, Tendulkar tons

India force a draw after Gambhir, Tendulkar tons

Gautam Gambhir made 114 and Sachin Tendulkar hit an unbeaten 100 as India batted out the final day to draw the first cricket Test against Sri Lanka here on Friday. India easily wiped out a huge first innings deficit of 334 runs as they scored 412-4 in the
Published 21 Nov, 2009 12:00am
Pakistan kabaddi team to visit India in January

Pakistan kabaddi team to visit India in January

Pakistan Kabaddi Federation (PKF) Chairman and former Prime Minister, Chaudhry Shujaat Hussain on Friday stressed the need for making country's popular game Kabaddi in cohesion with modern day requirements. He said this while addressing the executive comm
Published 21 Nov, 2009 12:00am
SAFF Championship becomes vital platform: Faisal

SAFF Championship becomes vital platform: Faisal

SAFF Champio-nship has become a very important platform for budding and aspiring footballers in the region, hoping to make it big in international football. It is dubbed, as World Cup of South Asian nations. We are looking forward to earn gold in this bie
Published 21 Nov, 2009 12:00am
FIFA opens disciplinary proceedings against Egypt

FIFA opens disciplinary proceedings against Egypt

FIFA has opened disciplinary proceedings against Egypt following the violence before their World Cup qualifier with Algeria in Cairo last week, world football's governing body said. "According to the official reports received by FIFA, on 12 November, ther
Published 21 Nov, 2009 12:00am
Hundreds of taxi drivers on strike in China

Hundreds of taxi drivers on strike in China

Hundreds of taxi drivers in south-eastern China went on strike in a protest against government plans to regulate the industry, with people throwing stones at cars, state media said Friday. More than 200 cabs in Fujian province's Putian city had stopped wo
Published 21 Nov, 2009 12:00am
Giant atom-smasher poised for restart: CERN

Giant atom-smasher poised for restart: CERN

The world's biggest atom-smasher, which was shut down soon after its inauguration amid technical faults, is set to restart this weekend, the European Organisation for Nuclear Research said Friday. The first beam of sub-atomic particles are expected to be
Published 21 Nov, 2009 12:00am
Iran to launch satellite on its own by late 2011

Iran to launch satellite on its own by late 2011

Iran plans to launch a communications satellite by late 2011 with no outside help, a top Iranian official said Friday, after Italy and Russia declined to put it into orbit. The move reflected Tehran's frustration with the two countries as it tries to push
Published 21 Nov, 2009 12:00am
Republicans urge Obama decision on Afghan strategy

Republicans urge Obama decision on Afghan strategy

Top Republican lawmakers wrote to President Barack Obama on Friday, expressing "deep concern" over his Afghanistan policy, saying it has left the country and allies "uncertain about (his) commitment to the war." In a letter obtained by AFP, 14 lawmakers i
Published 21 Nov, 2009 12:00am
UN committee condemns North Korea, Myanmar over rights

UN committee condemns North Korea, Myanmar over rights

A special committee of the UN General Assembly condemned North Korea and Myanmar on Thursday for what it said were widespread human rights violations in the two Asian countries. The 192-nation General Assembly's Third Committee, which focuses on human rig
Published 21 Nov, 2009 12:00am
Honduras's de facto leader may step aside for a week

Honduras's de facto leader may step aside for a week

Honduras's de facto leader said he may give up his presidential duties for a week so voters can focus on an election that Washington hopes will help end a five-month-old political crisis. Voters in the impoverished central American country are due to elec
Published 21 Nov, 2009 12:00am
New York man sues city bossses over ear in trash

New York man sues city bossses over ear in trash

A New York man is giving city authorities and a Bronx hospital an earful for allegedly tossing his ear in the trash after it was ripped off by a dog, the Daily News reported Friday. Eduardo Garcia, 67, has filed a lawsuit alleging that ambulance staff thr
Published 21 Nov, 2009 12:00am
Turkey scraps nuclear power plant tender

Turkey scraps nuclear power plant tender

Turkey on Friday scrapped a 2008 tender won by a Russian-led consortium to build the country's first nuclear power plant - a process that had been under threat of being invalidated by a court decision. In a brief statement, the state-run electricity whole
Published 21 Nov, 2009 12:00am
Indian Maoists derail train, kill two

Indian Maoists derail train, kill two

Suspected Maoist rebels derailed a passenger train in eastern India, killing two people and injuring more than 40, police said Friday. Two bodies had been found in an overturned carriage in the state of Jharkhand, and 48 people were injured, state police
Published 21 Nov, 2009 12:00am
Tearful Oprah announces end to iconic talk show

Tearful Oprah announces end to iconic talk show

A tearful Oprah Winfrey on Friday announced that she will take her iconic talk show off the air in 2011 at the end of its 25th season. "I love this show. This show has been my life and I love it enough to know when it's time to say goodbye," Winfrey told
Published 21 Nov, 2009 12:00am
US soldier 'sorry' for Japan hit-and-run death

US soldier 'sorry' for Japan hit-and-run death

A US soldier in Japan has apologised over a deadly hit-and-run accident, his lawyer said Friday, in a high-profile case that comes amid a bilateral row over American military bases. The soldier "is now getting to realise that he hit the person and said he
Published 21 Nov, 2009 12:00am
Britain hit by floods after record rainfall

Britain hit by floods after record rainfall

Lifeboats and military helicopters rescued hundreds of people overnight in northern England and a policeman was feared dead as torrential rain flooded homes and washed away bridges. Police in the picturesque Lake District county of Cumbria, a magnet for t
Published 21 Nov, 2009 12:00am
Ugandan army kills 34 tribesmen on cattle raids

Ugandan army kills 34 tribesmen on cattle raids

Ugandan officials say the army has killed 34 tribesmen who were stealing cattle in Uganda's volatile north-eastern region. Kabong district commissioner Godfrey Kiwanda said Friday soldiers tried to stop some 200 armed Karamojong warriors trying to raid tw
Published 21 Nov, 2009 12:00am
Spanish farmers block roads in protest against prices

Spanish farmers block roads in protest against prices

Hundreds of thousands of farmers across Spain on Friday blocked roads, lined streets with tractors or sold produce at cost to protest against low prices which they say are forcing them out of business. Spain's four leading farmers' unions said more than 9
Published 21 Nov, 2009 12:00am
US civilian experts train for the real Afghanistan

US civilian experts train for the real Afghanistan

They arrive at the meeting by US military helicopter, politely accept a cup of tea and haggle over a US-funded water project gone awry. This is Afghanistan - or at least a simulation at a tatty complex in the Indiana woods to prepare hundreds of agricultu
Published 21 Nov, 2009 12:00am
Two North Korean diplomats held in Sweden

Two North Korean diplomats held in Sweden

Two North Korean diplomats accredited in Russia were arrested in Sweden for trying to smuggle 230,000 cigarettes into the country on a ferry from Finland, a customs official said Friday. "Two North Korean diplomats accredited in Russia, a man and a woman,
Published 21 Nov, 2009 12:00am
Hardline Hindus target Indian TV station

Hardline Hindus target Indian TV station

Seven people were arrested in Mumbai on Friday after activists from a hardline Hindu regional political party ransacked a television station's offices and beat up staff, police and the network said. About 25 men breached security at the Network 18 group p
Published 21 Nov, 2009 12:00am
World powers urge Iran to reconsider nuclear offer

World powers urge Iran to reconsider nuclear offer

Senior officials from six world powers said on Friday they were disappointed Iran had not accepted proposals intended to delay its potential to make nuclear bombs, and urged Tehran to reconsider. But the officials, from Britain, France, the United States,
Published 21 Nov, 2009 12:00am
Palestinian president agrees to delay polls

Palestinian president agrees to delay polls

Palestinian President Mahmoud Abbas has agreed to postpone parliamentary and presidential elections that had been set for January. The Palestinian Election Commission said Friday it would meet in December to set a new date, though the Gaza Strip's Hamas r
Published 21 Nov, 2009 12:00am
School dropout high among Palestinian refugees: UN

School dropout high among Palestinian refugees: UN

The school dropout rate among Palestinian refugees in Lebanon is alarmingly high with 50 percent of 17-year-olds and 40 percent of 16-year-olds receiving no education, UN officials warned on Friday. "We are sounding the alarm that the dropout rate is too
Published 21 Nov, 2009 12:00am
US reviewing costly post-9/11 US air defence system

US reviewing costly post-9/11 US air defence system

The United States is to review an air defence system established after the September 11, 2001 attacks to determine whether the costly programme is still necessary, the New York Times reported Friday. The review is expected to include a complete reassessme
Published 21 Nov, 2009 12:00am
Britain apologises to Spain over Gibraltar incident

Britain apologises to Spain over Gibraltar incident

Britain apologised to Spain on Friday after a Royal Navy ship shot at a buoy bearing the colours of the Spanish flag during a military exercise off Gibraltar, the Spanish foreign ministry said. The British ambassador was summoned by Spanish authorities af
Published 21 Nov, 2009 12:00am
China considers combat troops for UN peacekeeping

China considers combat troops for UN peacekeeping

China is considering the deployment of its first combat troops as part of a growing role in United Nations peacekeeping operations, a UN official said on Friday. "I understand that they are considering sending combat troops but no decision has been made a
Published 21 Nov, 2009 12:00am
35 hurt as Egyptians clash with police at Algerian embassy

35 hurt as Egyptians clash with police at Algerian embassy

Protesters hurled stones and firebombs at police near the Algerian embassy in Cairo on Friday, wounding 11 officers as anger mounted over attacks on Egyptians after the countries' World Cup qualifier. The interior ministry said 35 people, including at lea
Published 21 Nov, 2009 12:00am
Lebanon hands over six alleged terrorists to Saudi Arabia

Lebanon hands over six alleged terrorists to Saudi Arabia

Six Saudis facing terrorism charges in Lebanon will briefly return to their home country at the request of the Saudi government, a Lebanese judicial source said Friday. The men allegedly participated in bloody gunfights with the Lebanese army at the north
Published 21 Nov, 2009 12:00am
UN court appoints lawyer for Karadzic

UN court appoints lawyer for Karadzic

A London-based barrister has been named to represent former Bosnian Serb leader Radovan Karadzic at his trial for war crimes and genocide, the UN criminal tribunal for the former Yugoslavia said on Friday. The appointment of Richard Harvey follows a Novem
Published 21 Nov, 2009 12:00am
Friday's early afternoon trade: Dell, D.R. Horton push stocks lower

Friday's early afternoon trade: Dell, D.R. Horton push stocks lower

Weaker-than-expected results from computer maker Dell and homebuilder D.R. Horton helped push stocks lower on Friday as Wall Street headed for its third straight day of losses. After the benchmark S&P 500 index has jumped 20 percent so far this year, inve
Published 21 Nov, 2009 12:00am
Indian shares higher

Indian shares higher

Indian shares closed 1.41 percent higher on Friday, snapping two days of losses, as investors were lured by expectations of stronger economic growth. The benchmark 30-share Sensex index rose 236.2 points to 17,021.85. "The undertone is still strong, backe
Published 21 Nov, 2009 12:00am
European CDS indices widen

European CDS indices widen

European credit derivative indices widened on Friday as US and European equity markets retreated again after poor quarterly results from technology company Dell and US housebuilder DR Horton. By 1520 GMT, the investment-grade Markit iTraxx Europe index wa
Published 21 Nov, 2009 12:00am
European CDS indices widen

European CDS indices widen

European credit derivative indices widened on Friday as US and European equity markets retreated again after poor quarterly results from technology company Dell and US housebuilder DR Horton. By 1520 GMT, the investment-grade Markit iTraxx Europe index wa
Published 21 Nov, 2009 12:00am
Philippines shares lower

Philippines shares lower

Philippines share prices closed 0.47 percent lower Friday as investors took profits after a retreat on Wall Street, dealers said. The composite index lost 14.57 points to 3,068.73, while the all shares index gave up 0.27 percent to 1,913.98.
Published 21 Nov, 2009 12:00am
FTSE remains lower

FTSE remains lower

Britain's top share index ended in negative territory for a fourth consecutive session on Friday as weakness in commodity stocks and banks outweighed gains from defensive pharmaceuticals. The FTSE 100 ended down 16.29 points, or 0.3 percent, at 5,251.41 p
Published 21 Nov, 2009 12:00am
Sterling plummets versus dollar

Sterling plummets versus dollar

Sterling fell sharply on Friday, falling more than 1 percent to a two-week low against the dollar, on concerns over the UK's fiscal health and waning investor appetite for perceived risky currencies. The pound also fell to a one-week low against the euro
Published 21 Nov, 2009 12:00am
Dollar Libor, US rates crunched by liquidity

Dollar Libor, US rates crunched by liquidity

Dollar interbank lending rates hit a new record low on Friday as an abundance of liquidity and dovish central banker comments squashed short-term market rates. US short-dated rates fell further as the market took the view that policy rates will stay low f
Published 21 Nov, 2009 12:00am
Dollar rises broadly in London

Dollar rises broadly in London

The dollar rose broadly on Friday, building on the previous day's gains as investors pared back riskier assets, prompting higher-yielding currencies such as the Australian dollar to lose their appeal. "People have been reducing risk, be it because of Than
Published 21 Nov, 2009 12:00am
Indian rupee rises

Indian rupee rises

The Indian rupee ended stronger on Friday as a rising stock market and the government saying it wanted more capital inflows helped overcome early selling by importers that has sent the currency to one-week lows. The partially convertible rupee ended at 46
Published 21 Nov, 2009 12:00am
Transfers and postings in FBR

Transfers and postings in FBR

The Federal Board of Revenue (FBR) has transferred and posted 133 officials of Income Tax Group (BS-19/20) with immediate effect. According to a notification issued here on Friday.
Published 21 Nov, 2009 12:00am
New York cotton settles near 16-month high

New York cotton settles near 16-month high

Cotton futures settled near a 16-month high on Friday on investment fund buying and the momentum from the rally could push fibre contracts higher into next week, brokers said. The spot December cotton contract climbed 1.59 cents to settle at 70.41 cents p
Published 21 Nov, 2009 12:00am
Copper prices steady

Copper prices steady

Copper prices steadied on Friday, buoyed by expectations of stronger demand next year, further investment flows and a weaker dollar over coming months. Benchmark copper on the London Metal Exchange was untraded at the close but last bid at $6,845 from $6,
Published 21 Nov, 2009 12:00am
Oil falls nearly one percent

Oil falls nearly one percent

Oil prices slipped nearly 1 percent to below $77 a barrel on Friday as a stronger dollar weighed on prices and falling equities raised concern about the economy and the outlook for energy demand. US crude for December delivery, which expired Friday, fell
Published 21 Nov, 2009 12:00am
London cocoa jumps

London cocoa jumps

December cocoa futures jumped more than 4 percent on investment fund and options-related buying on Friday, dealers said. Sugar and coffee futures fell in moderate volumes, under pressure from a stronger dollar. March cocoa in London ended 76 pounds higher
Published 21 Nov, 2009 12:00am
Gold slips in Europe

Gold slips in Europe

Gold slipped in Europe on Friday as the dollar firmed, dampening the momentum which has lifted prices more than 9 percent this month after reports of central bank gold buying. Spot gold was bid at $1,139.50 an ounce at 1614 GMT, against $1,143.50 late in
Published 21 Nov, 2009 12:00am
US MIDDAY: coffee, sugar drop

US MIDDAY: coffee, sugar drop

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Friday. March arabica coffee contract eased 0.70 cent to $1.3635 per lb at 11:05 am EST (1605 GMT). Session range from $1.3485 to $1.3790. Futures dipped on pressure from the strong
Published 21 Nov, 2009 12:00am
US MIDDAY: wheat down

US MIDDAY: wheat down

CBOT December wheat futures fell 4-1/2 cents per bushel to $5.58 early on Friday, pressured by a firm dollar and a plentiful supply of wheat, traders said.
Published 21 Nov, 2009 12:00am
US MIDDAY: corn, soya slide

US MIDDAY: corn, soya slide

Chicago Board of Trade corn and soyabean futures were lower early on Friday on pressure from a firm US dollar and spillover weakness from sinking crude oil, traders said. At 9:34 am CST (1534 GMT), December corn was down 3 cents at $3.92 a bushel and Janu
Published 21 Nov, 2009 12:00am
US MIDDAY: copper steadies

US MIDDAY: copper steadies

US copper futures steadied early Friday, as prices consolidated from this week's sharp breakout above $3.00 per lb, while new labour threats in Chile, the world's biggest supplier, offered support against a stronger dollar. Copper for December delivery up
Published 21 Nov, 2009 12:00am
US MIDDAY: gold drops

US MIDDAY: gold drops

US gold futures dropped slightly on Friday as the dollar rose, but losses were limited due to strong underlying support amid economic uncertainties and inflation concerns. COMEX December gold down 60 cents at $1,141.30 an ounce at 9:59 am EST (1459 GMT) o
Published 21 Nov, 2009 12:00am
Alleged dacoit killed by his accomplice

Alleged dacoit killed by his accomplice

A criminal was killed by the firing of his accomplice during a dacoity bid in rural suburbs of Kabirwala late night Thursday. Police said three dacoits snatched a motorcycle, MNK-9580, from Riaz Hussain near mauza Khati chor and resorted to looting commut
Published 21 Nov, 2009 12:00am
Arrangements made for fair distribution of sugar quota

Arrangements made for fair distribution of sugar quota

The district administration has made elaborate arrangements for fair and transparent distribution of available quota of sugar in the district, under which 6500 bags of sugar of 50 kg each are being provided daily to the 2369 retailers and six special baza
Published 21 Nov, 2009 12:00am
Commission formed to monitor security of educational institutions

Commission formed to monitor security of educational institutions

On the directive of Punjab government, district security commission has been constituted for co-ordinating and monitoring the security arrangements at educational institutions in the district. The commission would comprise of representatives of educationa
Published 21 Nov, 2009 12:00am
Photo exhibition of Liaquat Ali Khan

Photo exhibition of Liaquat Ali Khan

The photographic exhibition of the historic photographs of Liaquat Ali Khan concluded on Friday at Pakistan National Council of the Arts (PNCA). Some 80 rare photos from different modes of Liaquat Ali Khan's life were displayed in the three-day event, org
Published 21 Nov, 2009 12:00am
Medical colleges for industrial workers' children to be set up

Medical colleges for industrial workers' children to be set up

Punjab Minister for Labour Muhammad Ashraf Sohna has revealed that a programme for imparting different skills and technical education besides general education to students would be stated during current year at the workers welfare schools. He said that Rs
Published 21 Nov, 2009 12:00am
Cotton, yarn exports: PHMEA warns of additional trade deficit

Cotton, yarn exports: PHMEA warns of additional trade deficit

Former Central Chairman of Pakistan Hosiery Manufacturers and Exporters Association (PHMEA) Dr Khurram Tariq has expressed concern over the fast impeding crisis in value-added textile sector and said that the national economy may face an additional defici
Published 21 Nov, 2009 12:00am
Wheat to be sown on over 16.8 million acres in Punjab

Wheat to be sown on over 16.8 million acres in Punjab

Wheat will be sown on over 16.8 million acres of land during Rabi season in the wheat growing areas of Punjab. Official sources in Agriculture department told Business Recorder here on Friday that the wheat sowing had been started to meet the targe
Published 21 Nov, 2009 12:00am
Local trade bodies reject hike in electricity tariff

Local trade bodies reject hike in electricity tariff

President Sialkot Chamber of Commerce and Industry (SCCI) Muhammad Ishaq Butt has expressed concern over the 12 percent increase in electricity tariff. Talking to reporters here on Thursday evening, he said the increase would create negative impact on ind
Published 21 Nov, 2009 12:00am
PMI organises computer training course

PMI organises computer training course

Pakistan Manpower Institute organised a computer training course on "Presentation through MS PowerPoint", for the officers and executives from public and private sector organisations located at Islamabad/Rawalpindi. The course would be concluded on Novemb
Published 21 Nov, 2009 12:00am
Hilal-e-Ahmar to be activated at district level

Hilal-e-Ahmar to be activated at district level

The branches Punjab at district level will be activated to ensure better facilities of Hilal-e-Ahmar in for the people. It was decided in a meeting of Pakistan Red Crescent Society's (PRCS) Executive Committee presided over by PRCS Chairman Punjab Mian Mu
Published 21 Nov, 2009 12:00am
The myth of quality in textiles

The myth of quality in textiles

With reference to my article in this esteemed newspaper dated 29.10.2009, I would like to bring to notice of Textile Ministry and other departments concern, an interview given by the Textile Minister of India to a widely circulated newspaper of Pakistan.
Published 21 Nov, 2009 12:00am
From blood to oil, the curse of a Sudanese village

From blood to oil, the curse of a Sudanese village

Visitors to Rier, in southern Sudan, are welcomed by a large rectangular tank and a freshly-painted sign trumpeting the White Nile Petroleum Operating Company's initiative to supply drinking water. But the inhabitants of this festering clutter of tumbledo
Published 21 Nov, 2009 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (November 20, 2009).

Published 21 Nov, 2009 12:00am
Sugar row underscores India's political fragility

Sugar row underscores India's political fragility

The routine reopening of India's parliament has suddenly emerged as an awkward test for the Congress-led government's ability to push reforms such as price deregulation in the face of opposition from its rural base. Tens of thousands of farmers from Uttar
Published 21 Nov, 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 21 Nov, 2009 12:00am
Powers of influence

Powers of influence

The powers of influence can be of two kinds-overt and the unseen. These bases of power are used to exert power and to influence the methodology of working in society. Governance is a special case of that exertion of power and influence. In Pakistan, no on
Published 21 Nov, 2009 12:00am
The Weather

The Weather

The weather report on Friday (November 20, 2009) and the forecast for Saturday (November 21, 2009).

Published 21 Nov, 2009 12:00am
A decisive moment

A decisive moment

US President Barack Obama's Middle East peace initiative has run aground at the start line. Addressing the world's Muslims in Cairo last June, he had said the US does not accept the legitimacy of continued Israeli settlements. Noting that "the constructio
Published 21 Nov, 2009 12:00am
Krishna's guarded optimism

Krishna's guarded optimism

India's Foreign Minister S.M. Krishna was absolutely right in asserting at a recent meeting of businessmen from the region that prospects of economic co-operation among the Saarc member-states have become captive to the security situation in South Asia. T
Published 21 Nov, 2009 12:00am
Multi-factor criterion for NFC

Multi-factor criterion for NFC

Given the lingering demand of federating units for greater financial autonomy a way forward is in sight with Islamabad said to be agreeing to give them around 55 percent share of resources in the Federal Divisible Pool (FDP). It may go still higher with f
Published 21 Nov, 2009 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 21 Nov, 2009 12:00am
Nespak helps smaller firms to win projects through competition

Nespak helps smaller firms to win projects through competition

National Engineering Services Pakistan (Nespak) which is the country's leading firm of consulting Engineers, has considerably helped other smaller consultancy firms of Pakistan in entering into joint ventures by pooling their technical expertise and finan
Published 21 Nov, 2009 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 21 Nov, 2009 12:00am
PTA with Indonesia to be finalised soon

PTA with Indonesia to be finalised soon

The Preferential Trade Agreement (PTA) between Pakistan and Indonesia is under progress and would be finalised by the end of this year, which would help harness trade potential between the two countries. Ambassador of Republic of Indonesia, Ishaq Latucons
Published 21 Nov, 2009 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (November 20, 2009).

Published 21 Nov, 2009 12:00am
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