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Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-01-13
Sterling gains

Sterling gains

Sterling gained on Tuesday after data showed the Britain's trade deficit narrowing more than forecast and a strong rise in UK retail sales. Britain's global goods trade gap narrowed to 6.784 billion pounds in November from 7.016 billion in October, agains
Published 13 Jan, 2010 12:00am
Brunei issues halal pharmaceutical guidelines

Brunei issues halal pharmaceutical guidelines

Brunei has produced what are believed to be the world's first halal pharmaceutical guidelines to promote medicine production that conforms to the Muslim religion, a newspaper reported Tuesday. The guidelines were endorsed by the Brunei Islamic Religious C
Published 13 Jan, 2010 12:00am
Indonesian military's 'business empire' poses threat: HRW

Indonesian military's 'business empire' poses threat: HRW

Indonesia's military has failed to dismantle its "dangerous business empire" as ordered under a 2004 law designed to enhance civilian rule in the budding democracy, a human rights watchdog said Tuesday. Promises of increased oversight by President Susilo
Published 13 Jan, 2010 12:00am
India loosens purse for Bangladesh help on security

India loosens purse for Bangladesh help on security

India has given a $1 billion line of credit to Bangladesh to help boost its infrastructure, officials said on Tuesday, as New Delhi seeks to re-energise ties with a neighbour seen as crucial to its security. Ties between the two countries suffered under t
Published 13 Jan, 2010 12:00am
Myanmar boosts civil service salaries

Myanmar boosts civil service salaries

Military-ruled Myanmar has increased basic salaries for low-paid civil servants, a government order said Tuesday, in an apparent attempt to stave off the effect of rising prices. Government workers earning between the lowest monthly wage of 15,000 kyats (
Published 13 Jan, 2010 12:00am
Hundreds of Yemeni rebels slain in clashes: Saudi Arabia

Hundreds of Yemeni rebels slain in clashes: Saudi Arabia

Hundreds of Yemeni Shia infiltrators have been slain in border clashes, a top Saudi defence official said on Tuesday, after state media said four Saudi soldiers were killed in the fighting with the rebels. Separately, Yemeni forces killed 19 rebels in swe
Published 13 Jan, 2010 12:00am
Taiwan cuts military spending amid improved China ties

Taiwan cuts military spending amid improved China ties

Taiwan has scaled back its military budget for 2010, officials said Tuesday, amid generally warming ties with its former bitter rival China. Taiwan's parliament, controlled by the Beijing-friendly Kuomintang party, rubber-stamped a budget of 297.4 billion
Published 13 Jan, 2010 12:00am
Nigerian president ends silence, says recovering

Nigerian president ends silence, says recovering

Nigeria's president made his first public comment on Tuesday since being hospitalised more than seven weeks ago in Saudi Arabia for a heart condition, saying he was recovering and hoped to return home soon. Doubts over President Umaru Yar'Adua's health an
Published 13 Jan, 2010 12:00am
27 killed in Somalia clashes

27 killed in Somalia clashes

At least 27 people were killed in a third day of fighting between pro-government militias and the al Shabaab rebel group in central Somalia, witnesses and a rights group said on Tuesday. Al Shabaab, branded by Washington as an al Qaeda proxy in the region
Published 13 Jan, 2010 12:00am
One fifth of British infantry unfit for duty

One fifth of British infantry unfit for duty

About 5,000 of the British army's foot soldiers, 20 percent of the military's infantry strength, are classed as unfit for front-line service, figures revealed by the defence ministry showed on Tuesday. Some cannot be deployed for reasons including physica
Published 13 Jan, 2010 12:00am
European court rules against UK anti-terrorism law

European court rules against UK anti-terrorism law

The European Court of Human Rights upheld a complaint on Tuesday against a British anti-terrorism law that allows police officers to search individuals without firm grounds for suspicion. The judgement backed two British citizens who were stopped and sear
Published 13 Jan, 2010 12:00am
Blair said would back US if Iraq diplomacy failed

Blair said would back US if Iraq diplomacy failed

Prime Minister Tony Blair told US President George W. Bush in 2002 that Britain would back military action if diplomatic efforts to disarm Iraq's Saddam Hussein failed, his former communications chief said on Tuesday. Speaking for five hours before a publ
Published 13 Jan, 2010 12:00am
Malaysian Christian challenges 'Allah' CDs seizure

Malaysian Christian challenges 'Allah' CDs seizure

A Christian is challenging the confiscation of CDs referring to "Allah", church officials said on Tuesday, a case that could deepen a row over Christians' use of the word to refer to God in mostly Muslim Malaysia. The latest case follows a recent court ru
Published 13 Jan, 2010 12:00am
Swiss franc firms

Swiss franc firms

The Swiss franc remained close to its year high against the euro on Tuesday despite the Swiss National Bank reiterating its goal to keep a lid on the currency as traders sought to test SNB resolve. The franc was little changed against the euro compared to
Published 13 Jan, 2010 12:00am
Indian rupee retreats

Indian rupee retreats

The rupee on Tuesday pulled away from more than a 15-month high as China's move to raise banks' reserve requirement and weaker local stocks raised demand for dollars. The dollar's rise following comments from a Chinese official favouring the US currency's
Published 13 Jan, 2010 12:00am
Commodity currencies slip in London

Commodity currencies slip in London

Commodity currencies slipped on Tuesday after China said it would tighten banks' reserve requirements, raising concerns the move may dent Chinese demand and slow global economic recovery. Separately, the dollar held gains against the euro and a currency b
Published 13 Jan, 2010 12:00am
Fed funds futures rise

Fed funds futures rise

US federal fund futures rose on Tuesday with growing expectations a struggling economy and a flagging jobs sector will put the Federal Reserve on course to hold interest rates near zero percent into the third quarter. Futures have been rising since Friday
Published 13 Jan, 2010 12:00am
Asian bond spreads narrow

Asian bond spreads narrow

Asian dollar bond spreads narrowed for a second day on Tuesday, underpinned by views the region's economic recovery is on track, but Indonesia's sovereign debt underperformed as a planned new issue weighed on sentiment. The Asia ex-Japan iTraxx investment
Published 13 Jan, 2010 12:00am
Asian bond spreads narrow

Asian bond spreads narrow

Asian dollar bond spreads narrowed for a second day on Tuesday, underpinned by views the region's economic recovery is on track, but Indonesia's sovereign debt underperformed as a planned new issue weighed on sentiment. The Asia ex-Japan iTraxx investment
Published 13 Jan, 2010 12:00am
Tuesday's midday trade: Wall Street ends six-day streak

Tuesday's midday trade: Wall Street ends six-day streak

US stocks fell on Tuesday, halting a six-day streak of gains, after weaker-than-expected results from Alcoa Inc and on concerns banks could face fees from the government to recoup losses tied to bailouts. A senior US official confirmed Monday President Ba
Published 13 Jan, 2010 12:00am
European CDS indices widen

European CDS indices widen

European CDS indexes widened slightly on Tuesday, tracking weakness in equities, while Virgin Media led high-yield issuance in the cash bond market, continuing its recent strong run. By 1048 GMT, the investment-grade Markit iTraxx Europe index was at 66.7
Published 13 Jan, 2010 12:00am
European CDS indices widen

European CDS indices widen

European CDS indexes widened slightly on Tuesday, tracking weakness in equities, while Virgin Media led high-yield issuance in the cash bond market, continuing its recent strong run. By 1048 GMT, the investment-grade Markit iTraxx Europe index was at 66.7
Published 13 Jan, 2010 12:00am
Asian shares mixed

Asian shares mixed

Asian markets were mixed Tuesday with Tokyo clawing its way into the black after shrugging off a wave of selling orders that engulfed crisis-hit Japan Airlines. Shares in Asia's biggest airline plummeted 45 percent as reports pointed to a looming bankrupt
Published 13 Jan, 2010 12:00am
Kamran asked to fall on his sword

Kamran asked to fall on his sword

Pakistan cricket management have told embattled vice-captain Kamran Akmal to fall on his sword to avert selection chaos ahead of Thursday's start to the third Test against Australia. While Kamran had previously insisted he would stay as wicketkeeper-batsm
Published 13 Jan, 2010 12:00am
Dollar falls

Dollar falls

The dollar fell broadly on Monday in the wake of weak US jobs data and comments from a Federal Reserve official that US interest rates are likely to stay low for quite some time. Demand for the US currency also fell after strong Chinese export data increa
Published 13 Jan, 2010 12:00am
Australian dollar slips

Australian dollar slips

The Australian dollar slipped on Tuesday from a near two-month peak struck the previous day after bouncing around on comments from a Chinese sovereign wealth fund official that the US currency had hit a bottom. The Aussie recovered some of its losses afte
Published 13 Jan, 2010 12:00am
Asian currencies hit by China wealth official's view

Asian currencies hit by China wealth official's view

Remarks by an official of China's sovereign wealth fund on Tuesday that the US dollar might have hit bottom sent investors scrambling to cover short dollar positions and put Asian currencies on the defensive. Peng Junming, a staff member of China Investme
Published 13 Jan, 2010 12:00am
Hong Kong dollar higher

Hong Kong dollar higher

The Hong Kong dollar edged higher against the US dollar on Tuesday but trading was confined to a narrow range. A dealer said the market lacked clear direction and he expected the local currency to hover in a 7.7540-7.7570 range this week, with eyes on eco
Published 13 Jan, 2010 12:00am
Bangladesh names rookie paceman for India Tests

Bangladesh names rookie paceman for India Tests

Bangladesh's cricket selectors on Tuesday named uncapped fast bowler Shafiul Islam in a 14-man squad for the two-Test series against India starting on January 17. The 20-year-old made his one-day debut in the ongoing tri-series against India and Sri Lanka
Published 13 Jan, 2010 12:00am
Wasim advises PCB to introduce new blood

Wasim advises PCB to introduce new blood

Former captain Wasim Akram criticising Pakistani cricketers playing in Australia advised Pakistan Cricket Board (PCB) to give chance to new cricketers. Wasim Akram, who is present in India for coaching of the Kolkata Knight Riders (KKR), said that senior
Published 13 Jan, 2010 12:00am
Pakistan demands compensation for shifted Davis Cup ties

Pakistan demands compensation for shifted Davis Cup ties

The Pakistan Tennis Federation (PTF) has filed a compensation claim with the International Tennis Federation (ITF) after losing the right to host three David Cup ties due to the security situation in the country. "We have filed a claim for a total compens
Published 13 Jan, 2010 12:00am
Striking India stars face World Cup ban

Striking India stars face World Cup ban

India's field hockey chiefs on Tuesday refused to rule out sacking the entire World Cup squad if the players do not end their strike over a pay row and return to training. "It (suspension) is an option," Hockey India's ad hoc president Ashok Mattoo told A
Published 13 Jan, 2010 12:00am
Serena, Safina win

Serena, Safina win

World number one Serena Williams has warned her Australian Open rivals she will be tough to beat after dropping just three games to reach the quarter-finals of the Sydney International on Tuesday. The 11-times Grand Slam champion had a 70-minute workout i
Published 13 Jan, 2010 12:00am
PFF Youth Soccer Cup: 28 teams to endeavour for top honour

PFF Youth Soccer Cup: 28 teams to endeavour for top honour

Dir-born Safiullah Khan, only player in history to score four goals for Pakistan in an international football fixture, will be among the coaches who will field U-14 teams in coming PFF Youth Cup to be played at various centres of Pakistan from February 2
Published 13 Jan, 2010 12:00am
Tevez treble guides City into fourth place

Tevez treble guides City into fourth place

Carlos Tevez scored his first Manchester City hat-trick as they went fourth in the English Premier League table with a 4-1 win over Blackburn Rovers at Eastlands here on Monday. Victory meant City maintained their perfect record under Italian manager Robe
Published 13 Jan, 2010 12:00am
FTSE down

FTSE down

Britain's top share index closed 0.7 percent lower on Tuesday as commodities and banks led the retreat over concerns that China's move to tighten banks' reserve requirements may slow global economic recovery. The FTSE 100 index closed down 39.36 points at
Published 13 Jan, 2010 12:00am
Spanish double as Sainz and Coma take Dakar stages

Spanish double as Sainz and Coma take Dakar stages

Spain's two-time world rally champion Carlos Sainz extended his overall lead in the car section of the Dakar Rally on Tuesday when he won the 10th stage, a 238 kilometres special from La Serena. Earlier his compatriot Marc Coma had won his second successi
Published 13 Jan, 2010 12:00am
North Korea pull out of East Asian women's championship

North Korea pull out of East Asian women's championship

The North Korean women's team have pulled out of next month's East Asian football championships in Tokyo following a diplomatic spat over visas. North Korea withdrew "because of a visa problem" and will be replaced by Taiwan, who finished second in the qu
Published 13 Jan, 2010 12:00am
SPM Stags edge out Ali Garh by five wickets

SPM Stags edge out Ali Garh by five wickets

Batsman Muhammad Tausif put up fine show, as Sayid Paper Mills (SPM) Stags snatched five-wicket win over Ali Garh Cricket Club in MT Veteran Challenge Cup clash at sporting pitch of Garhi Shahue's Railway Stadium on Tuesday. Aizad Sayid-led SPM mesmerise
Published 13 Jan, 2010 12:00am
Pakistan name hockey squad for Doha series

Pakistan name hockey squad for Doha series

The Pakistan Hockey Federation (PHF) Tuesday named an 18-member squad for upcoming hockey series against Netherlands to be played in Qatar this month. Two matches will be played in Qatari capital of Doha between Pakistan and Holland on January 20 and 21.
Published 13 Jan, 2010 12:00am
Nadra recommends ECP to make CNIC mandatory

Nadra recommends ECP to make CNIC mandatory

The National Database and Registration Authority (Nadra) has recommended to the Election Commission of Pakistan (ECP) to make Computerised National Identity Card (CNIC) mandatory for both registration and casting of votes in elections to ensure complete t
Published 13 Jan, 2010 12:00am
Pakistani writer among three finalists for short fiction prize

Pakistani writer among three finalists for short fiction prize

Pakistani writer Daniyal Mueenuddin is among three finalists for the Story Prize, a 20,000 dollar award for outstanding short fiction. Prize organisers announced on Tuesday that the nominees are Mueenuddin's "In Other Rooms, Other Wonders," Victoria Patte
Published 13 Jan, 2010 12:00am
Indus Motor unveils series of new CBUs

Indus Motor unveils series of new CBUs

Indus Motor Company (IMC), leading manufacturer of high quality vehicles in Pakistan, has introduced the new line up of Completely Built up Units (CBU) as part of its 20th anniversary celebrations in the country. The new line up of imported vehicles inclu
Published 13 Jan, 2010 12:00am
Ashura incident: affected traders to get compensation by month end

Ashura incident: affected traders to get compensation by month end

The Karachi Affected Markets Relief Committee is making all out efforts to complete scrutiny of received claim forms to start disbursing compensation by the end of this month for the rehabilitation of December 28 arson-hit traders. Second meeting of the r
Published 13 Jan, 2010 12:00am
China shows off air defences with anti-missile test

China shows off air defences with anti-missile test

China said Tuesday it had successfully tested a missile intercept system in what analysts described as a show of its advanced air defence capabilities amid tensions over US arms sales to Taiwan. "China conducted a test of ground-based mid-range missile in
Published 13 Jan, 2010 12:00am
Rise in cases of violence against women

Rise in cases of violence against women

Two percent rise has been recorded in violence against women in 2009 over non-implementation of laws. Talking to a private news channel Director Aurat Foundation, Shabina Ayaz said incidents of violence against women have seen a two percent rise during la
Published 13 Jan, 2010 12:00am
Judges' appointment: government stance untenable

Judges' appointment: government stance untenable

The federal law ministry's refusal to accept the recommendations for appointment of Justice Khalilur Rehman Ramday as an ad hoc judge of the Supreme Court on his retirement as a permanent judge and for elevation of Lahore High Court senior puisne judge Sa
Published 13 Jan, 2010 12:00am
GOOD MORNING: Can our cricket, cinema thrive with our multiple crises?

GOOD MORNING: Can our cricket, cinema thrive with our multiple crises?

Given the precarious state in which Pakistan is in today, and given the war against terror that has engaged it, it does make one ask whether it is fair to even focus on a theme like Pakistan cricket, whose decline is an established fact. Established but w
Published 13 Jan, 2010 12:00am
SBP''s First Quarterly Report 2009-2010

SBP''s First Quarterly Report 2009-2010

Executive Summary: Real Sector - Agriculture: Initial estimates suggest that the performance of FY10 kharif crops has been significantly weaker than in the corresponding period last year. This was due to water shortages at sowing times and, more important
Published 13 Jan, 2010 12:00am
SBP's First Quarterly Report 2009-2010

SBP's First Quarterly Report 2009-2010

Executive Summary: Real Sector - Agriculture: Initial estimates suggest that the performance of FY10 kharif crops has been significantly weaker than in the corresponding period last year. This was due to water shortages at sowing times and, more important
Published 13 Jan, 2010 12:00am
SBP's First Quarterly Report 2009-2010

SBP's First Quarterly Report 2009-2010

Executive Summary: Real Sector - Agriculture: Initial estimates suggest that the performance of FY10 kharif crops has been significantly weaker than in the corresponding period last year. This was due to water shortages at sowing times and, more important
Published 13 Jan, 2010 12:00am
Pak-US tensions

Pak-US tensions

Talking to a group of senior US legislators led by Republican Senator John McCain, Prime Minister Gilani said US policies could hurt the bilateral ties. He complained about the continuing drone attacks, which have become too frequent after President Obama
Published 13 Jan, 2010 12:00am
Energy sector's some profound woes

Energy sector's some profound woes

Energy sector's woes appear to be multiplying. According to sources in the Ministry of Finance, inter-corporate energy sector's gross receivables have now crossed Rs 419 billion against their payables of Rs 279 billion, leaving a huge gap of Rs 140 billio
Published 13 Jan, 2010 12:00am
Seventh NFC Award: Pakistan Post issues new commemorative stamp

Seventh NFC Award: Pakistan Post issues new commemorative stamp

Pakistan post has issued a commemorative postage stamp on the 7th NFC Award as a tribute to the spirit of national unity that led to the reaching of a consensus on NFC Award, after 19 years. The commemorative stamp was designed by Adil Salahuddin. The con
Published 13 Jan, 2010 12:00am
Peshawari 'Qehwa' demand and consumption on the rise

Peshawari 'Qehwa' demand and consumption on the rise

As the eagerly awaited season of winter sets in, the consumption of Peshawari "Qehwa" is also registering a rise. At different markets in the twin cities of Islamabad and Rawalpindi, several vendors and mobile Qehwa sellers offer their customers the tradi
Published 13 Jan, 2010 12:00am
'Economy will collapse if power crisis is not resolved'

'Economy will collapse if power crisis is not resolved'

Pakistan Muslim League-Nawaz (Traders Wing Punjab)'s leader and Mall Road Traders Association's President Muhammad Naeem Mir has said that the national economy without ending of the power crisis would collapse. He said that the democracy due to weak econo
Published 13 Jan, 2010 12:00am
Patronage of corrupt officials

Patronage of corrupt officials

Our Prime Minister took a serious notice of the International Report on corruption, wherein among the corrupt countries in the world, Pakistan has been upgraded, due to rampant corruption in civil administration. He immediately formed a committee, which h
Published 13 Jan, 2010 12:00am
IOM launches 13 infrastructure projects in Malakand

IOM launches 13 infrastructure projects in Malakand

International Organisation for Migrants (IOM) on Tuesday signed agreements with local contractors to assist the government with 13 projects to rehabilitate and reconstruct infrastructure in Malakand Division last year.
Published 13 Jan, 2010 12:00am
Cold weather affects routine life in Sialkot

Cold weather affects routine life in Sialkot

Sialkot and its adjoining areas are in grip of severe cold weather, which is disturbing routine life. According to the weather condition, it seems that cold weather will persists in Sialkot for next few days. The people are suffering from flu, cough and f
Published 13 Jan, 2010 12:00am
Spate of dense fog persists all over South Punjab

Spate of dense fog persists all over South Punjab

The intense wave of dense haze is still persisting all across South Punjab including Multan, surging the intensity of winter weather, besides adversely affecting traffic hustle and bustle.
Published 13 Jan, 2010 12:00am
Gang involved in abducting women busted

Gang involved in abducting women busted

Deputy Inspector General of Police Rawalpindi Rao Muhammad Iqbal on Tuesday said that police have busted a gang which was involved in abducting women from various parts of country and selling them in Nawab Shah, Sindh. Talking to the reporters at the Traf
Published 13 Jan, 2010 12:00am
Multan bomb blast: affected people threaten to stage protest

Multan bomb blast: affected people threaten to stage protest

The affectees of December 8,2009 bomb blast are forced to spend their chilled nights in camps in Qasim Bela here because neither the Federal nor provincial governments provided any compensation to more than 100 families whose homes and shops caved in.
Published 13 Jan, 2010 12:00am
'Swat valley to regain its lost attraction for tourists'

'Swat valley to regain its lost attraction for tourists'

The NWFP Minister for Science and Technology, Muhammad Ayub Khan Asharri has said that peace has been restored in Swat and the scenic valley would once again be turned into heaven for the tourists. The Minister said that the remaining militants would be e
Published 13 Jan, 2010 12:00am
Ashura blast termed a conspiracy against Sindh

Ashura blast termed a conspiracy against Sindh

Sindh Taraqi Passand Party Chairman Dr Qadir Magsi has said that lackeys and toddies of foreign masters "Angrez" were called patriots and those who raised voice for their rights were branded as "Traitors". Talking to newsmen here on Tuesday he said that b
Published 13 Jan, 2010 12:00am
Low gas pressure, power loadshedding add to people's woes

Low gas pressure, power loadshedding add to people's woes

Due to lowest gas pressure, the housewives are confronting with multiple problems in different areas here. The normal life had crippled the daily chore of common man, while domestic consumers were suffering adversely due to the loadshedding and low pressu
Published 13 Jan, 2010 12:00am
'One million people die from suicide yearly'

'One million people die from suicide yearly'

Suicide is among the three leading causes of death in the age group of 15-44 years in some countries, and the second leading cause of death in the 10-24 years age group while these figures do not include suicide attempts, which are up to 20 times more fre
Published 13 Jan, 2010 12:00am
MBBS P-II annual exams: UHS announces results

MBBS P-II annual exams: UHS announces results

The University of Health Sciences (UHS) has announced the results of first Professional MBBS Part-II annual examination. A total of 2323 candidates from 15 affiliated medical colleges appeared in the exam out of which 1771 were declared successful. As man
Published 13 Jan, 2010 12:00am
Counsel of Nusrat Bhutto directed to submit medical certificate

Counsel of Nusrat Bhutto directed to submit medical certificate

An accountability court here Tuesday directed counsel of Begum Nusrat Bhutto to submit her medical certificate if she was unable to appear before the court on February 12. Earlier, Jahangir Badar and Nasir Ahmad Awan appeared on behalf of Ms Bhutto and in
Published 13 Jan, 2010 12:00am
Patent registration of PRKAG3 Alleles notified

Patent registration of PRKAG3 Alleles notified

The Patent Office of the Government of Pakistan has recently notified the patent registration of PRKAG3 Alleles and use of the same as genetic marker for species differentiation. According to the spokes person of the University of Veterinary and Animal Sc
Published 13 Jan, 2010 12:00am
Postal ballot paper: CEC fixes date for receipt of application

Postal ballot paper: CEC fixes date for receipt of application

The Chief Election Commissioner (CEC) has fixed the last date for receipt of applications for postal ballot papers for bye-election to the Provincial Assembly of NWFP from constituency PF-75 Lakki Marwat-II as January 26.
Published 13 Jan, 2010 12:00am
New York cotton settles lower

New York cotton settles lower

Cotton futures ended lower Tuesday on investor sales as a weak technical outlook and soft outside markets dampened the mood in fibre contracts, brokers said. Key March cotton declined 1.45 cents to close at 72.79 cents per lb, dealing from 72.63 to 74.20
Published 13 Jan, 2010 12:00am
Liffe sugar and coffee up; cocoa dips

Liffe sugar and coffee up; cocoa dips

March white sugar ended $8.10 higher at $725.10 a tonne on Tuesday. March rallied, boosted by strong fundamentals, notably a supply crunch in Asia. May cocoa on Liffe ended 2 pounds lower at 2,282 pounds a tonne, underpinned by a slowdown in port arrivals
Published 13 Jan, 2010 12:00am
Base metals end lower

Base metals end lower

Industrial metals extended their session losses after the close on Tuesday and copper sank to a near two-week low as fears about the Chinese economic outlook and disappointing results from major aluminium producer Alcoa dampened sentiment. Zinc and nickel
Published 13 Jan, 2010 12:00am
Oil falls over $2 on China

Oil falls over $2 on China

Oil fell by more than 2 percent on Tuesday from near a 15-month high after China raised bank reserve requirements to keep the economy from growing too fast, and as cold weather that had been supporting US fuel demand began to subside. Surging Chinese oil
Published 13 Jan, 2010 12:00am
Aptma team to meet Zardari on January 14

Aptma team to meet Zardari on January 14

A delegation of All Pakistan Textile Mills Association (Aptma) will call on President Asif Ali Zardari on Thursday (tomorrow). Gohar Ejaz, Chairman Apmta Punjab, would lead a delegation of about 40 spinners to apprise him of the hurdles affecting the grow
Published 13 Jan, 2010 12:00am
Palladium, platinum hit multi-month highs in Asia

Palladium, platinum hit multi-month highs in Asia

Spot palladium and platinum rose more than 1 percent to multi-month highs on Tuesday as buying continued after last week's launch of the first US-based exchange-traded funds backed by the metals. Spot palladium stood at $438 per ounce as of 0738 GMT, comp
Published 13 Jan, 2010 12:00am
Gold, platinum steady in Europe

Gold, platinum steady in Europe

Gold and platinum prices steadied in Europe on Tuesday as weakness in US stock markets curbed gains made by the dollar after China tightened monetary policy, a move seen as a precursor to higher interest rates. Spot gold recovered from a session low of $1
Published 13 Jan, 2010 12:00am
US MIDDAY: sugar and coffee soar, cocoa down

US MIDDAY: sugar and coffee soar, cocoa down

Summaries of the ICE Futures US cocoa, coffee and sugar markets early on Tuesday. March arabica coffee contract rose 0.60 cent to $1.4430 per lb at 11:16 am EST (1616 GMT). Session range from $1.4305 to $1.4485. Arabica coffee rose in the face of a weak c
Published 13 Jan, 2010 12:00am
US MIDDAY: wheat plunges

US MIDDAY: wheat plunges

Wheat futures on the Chicago Board of Trade plunged at midday to a 2-1/2 week low as neighbouring corn futures stayed locked down their daily limit, traders said. As of 12:05 pm CST (1805 GMT), CBOT March wheat was down 51-1/2 cents at $5.21 per bushel af
Published 13 Jan, 2010 12:00am
US MIDDAY: corn and soya down

US MIDDAY: corn and soya down

Trade in Chicago Board of Trade corn options at midmorning on Tuesday indicated the March corn futures contract could fall another 2 to 3 cents, traders said. As of 10:33 am CST (1633 GMT), March corn futures were locked down the 30-cent limit at $3.92-1/
Published 13 Jan, 2010 12:00am
US MIDDAY: copper tumbles

US MIDDAY: copper tumbles

US copper futures tumbled to their lowest levels in more than a week early Tuesday, as the dollar steadied and demand optimism soured after indications of further tightening measures in the Chinese economy. Benchmark copper for March delivery slipped 4.75
Published 13 Jan, 2010 12:00am
US MIDDAY: gold higher

US MIDDAY: gold higher

US gold futures turned higher early on Tuesday as the dollar declined against a basket of currencies, which more than offset technical weakness in the metal. Gold for February delivery up $2.20 at $1,153.60 an ounce at 10:26 am EST (1526 GMT) on the COMEX
Published 13 Jan, 2010 12:00am
Probe into irregularities in Hajj arrangements ordered

Probe into irregularities in Hajj arrangements ordered

Expressing grave concern over the alleged mismanagement and irregularities in the Hajj arrangements in Saudi Arabia, Minister for Religious Affairs Syed Hamid Saeed Kazmi has ordered a high level inquiry to look into the matter and fix responsibility on t
Published 13 Jan, 2010 12:00am
Loadshedding surges to 18 hours

Loadshedding surges to 18 hours

No sigh of relief for the people of Pakistan as the ongoing power crisis has intensified even further with the surging of load shedding at 11 to 18 hours in many areas, including the Federal Capital Islamabad. Most of the small factories have been shut do
Published 13 Jan, 2010 12:00am
Balochistan aims to end copper and gold venture

Balochistan aims to end copper and gold venture

Balochistan government wants to cancel a $3-billion foreign joint venture copper and gold mining project in the south-western province of Balochistan, a provincial mining official said on Tuesday. The cancellation was apparently aimed at easing anger in P
Published 13 Jan, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (January 12, 2010).

Published 13 Jan, 2010 12:00am
Balochistan aims to end copper and gold venture

Balochistan aims to end copper and gold venture

Balochistan government wants to cancel a $3-billion foreign joint venture copper and gold mining project in the south-western province of Balochistan, a provincial mining official said on Tuesday. The cancellation was apparently aimed at easing anger in P
Published 13 Jan, 2010 12:00am
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