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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-02-18
US Treasury prices end firmer

US Treasury prices end firmer

US Treasury bond prices rose on Tuesday after comments on inflation from the president of the Federal Reserve Bank of Minneapolis fuelled a bid for government debt. In his first public speech as Minneapolis Fed president, Narayana Kocherlakota said inflat
Published 18 Feb, 2010 12:00am
US Treasury prices end firmer

US Treasury prices end firmer

US Treasury bond prices rose on Tuesday after comments on inflation from the president of the Federal Reserve Bank of Minneapolis fuelled a bid for government debt. In his first public speech as Minneapolis Fed president, Narayana Kocherlakota said inflat
Published 18 Feb, 2010 12:00am
Asian bond spreads narrow

Asian bond spreads narrow

Asian bond spreads tightened slightly on Wednesday after Wall Street's impressive finish showed renewed appetite for riskier assets, but Chinese issues underperformed after Beijing's latest move to rein in bank lending. The Asia ex-Japan iTraxx investment
Published 18 Feb, 2010 12:00am
Asian bond spreads narrow

Asian bond spreads narrow

Asian bond spreads tightened slightly on Wednesday after Wall Street's impressive finish showed renewed appetite for riskier assets, but Chinese issues underperformed after Beijing's latest move to rein in bank lending. The Asia ex-Japan iTraxx investment
Published 18 Feb, 2010 12:00am
Hong Kong stocks hit two-week high

Hong Kong stocks hit two-week high

Hong Kong shares hit a two-week closing high on Wednesday, lifted by buoyant oil and mining stocks as a rally on Wall Street offset Beijing's decision to raise bank reserve requirements for the second time this year. Mainland bank and property stocks rose
Published 18 Feb, 2010 12:00am
Nikkei climbs almost three percent

Nikkei climbs almost three percent

Japan's Nikkei average surged 2.7 percent on Wednesday, chalking up its biggest daily rise in over two months, as investors snapped up Mitsubishi Corp and other resource-related stocks after a jump in commodities prices. Tokyo shares were cheered by the p
Published 18 Feb, 2010 12:00am
JGB futures dip

JGB futures dip

Japanese government bond futures inched down on Wednesday, slipping from a seven-week high hit the previous day, as a jump in Tokyo stocks tempered demand for safe-haven debt. But losses in JGBs were limited after US Treasuries rose the previous day, when
Published 18 Feb, 2010 12:00am
JGB futures dip

JGB futures dip

Japanese government bond futures inched down on Wednesday, slipping from a seven-week high hit the previous day, as a jump in Tokyo stocks tempered demand for safe-haven debt. But losses in JGBs were limited after US Treasuries rose the previous day, when
Published 18 Feb, 2010 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 69.34/69.36 (previous 69.34/69.37) Call Money Rates: 3.40-4.30 percent (previous 2.75-4.50 percent).
Published 18 Feb, 2010 12:00am
Swiss franc flirts with SNB action levels

Swiss franc flirts with SNB action levels

The Swiss franc traded nearly unchanged against the euro on Wednesday, flirting with levels that could prompt the Swiss National Bank to start selling the Swissie again as part of its efforts to cap the franc's rise. The SNB has repeatedly stepped in to l
Published 18 Feb, 2010 12:00am
Euro holds sharp gains

Euro holds sharp gains

The euro steadied on Wednesday to hold sharp gains made the previous day against the dollar, as investors cut short positions on views that its fall over Greece's debt problems had run its course. The euro at one point had shed as much as 10 percent since
Published 18 Feb, 2010 12:00am
Euro rebounds after weeks of declines

Euro rebounds after weeks of declines

The euro rebounded against the US dollar to post its biggest one-day gain since July on Tuesday, as traders bet the single currency had slipped too far in recent weeks over worries about Greece's public finances. A rise in US stocks illustrated the return
Published 18 Feb, 2010 12:00am
Hong Kong dollar little changed

Hong Kong dollar little changed

The Hong Kong dollar was trapped in a narrow band against the US dollar in quiet trading with most participants staying on the sidelines for hints of direction from possible fund movements after a rally in the local stock market. "The market was filled wi
Published 18 Feb, 2010 12:00am
Australia dollar holds fort at three-week high

Australia dollar holds fort at three-week high

The Australian dollar held fort at three-week highs above $0.9000 on Wednesday, aided by a perkier mood in markets, expectations of more rate rises at home and a pause in the euro's recent slide. But the currency's resilience was accompanied by thin tradi
Published 18 Feb, 2010 12:00am
Asian currencies: won and ringgit outperform on euro rally

Asian currencies: won and ringgit outperform on euro rally

The South Korean won and Malaysian ringgit led a broad rally in Asia on Wednesday, riding on the euro's strength against the dollar as investors snapped up regional stocks on improve risk appetite. The euro steadied after rising sharply the previous day a
Published 18 Feb, 2010 12:00am
Dollar/yuan NDFs drift down

Dollar/yuan NDFs drift down

Dollar/yuan NDFs drift lower in line with USD's broad weakness in thin trade, showing little reaction to China's second reserve requirement hike this year to temper robust lending. A trader in Singapore says NDF trade should be limited throughout the Luna
Published 18 Feb, 2010 12:00am
Snow chaos while Canada's hockey kings make bow

Snow chaos while Canada's hockey kings make bow

Heavy snow forced more Olympic Games alpine ski races to be postponed on Tuesday but Canada's star-studded ice hockey team shone brightly with a winning start to their gold medal campaign. International Ski Federation (FIS) officials called off the men's
Published 18 Feb, 2010 12:00am
Rain interrupts India's victory charge

Rain interrupts India's victory charge

Bad weather brought a brief respite to South Africa as India pressed for a series-levelling victory in the second and final cricket Test on Wednesday. The tourists, trailing by 347 runs on the first innings, lost three key wickets on the rain-curtailed fo
Published 18 Feb, 2010 12:00am
India reassures on security

India reassures on security

India sought on Wednesday to reassure foreign teams that it would host a safe field hockey World Cup this month after a weekend bombing and alleged new threats raised fresh concerns over security. "We have made elaborate arrangements for the entire World
Published 18 Feb, 2010 12:00am
Pakistan to assess India hockey cup security

Pakistan to assess India hockey cup security

Pakistan is sending a delegation to New Delhi to assess security for this month's Hockey World Cup, an official said Wednesday, after a reported threat against sporting events in India. New security fears surfaced after a bombing Saturday at a restaurant
Published 18 Feb, 2010 12:00am
Pakistan delays team contracts pending inquiry

Pakistan delays team contracts pending inquiry

Pakistan will not award annual central contracts to its cricketers until the release of a report into the team's defeats in all matches on their tour of Australia, an official said Wednesday. The six-man evaluation committee was set up by the Pakistan Cri
Published 18 Feb, 2010 12:00am
Shiv Sena withdraws Aussie cricket protest

Shiv Sena withdraws Aussie cricket protest

The leader of a right-wing Hindu group has withdrawn a threat to prevent Australia's cricketers from playing in the Indian Premier League tournament because of attacks on Indians living Down Under. Shiv Sena supremo Bal Thackeray said they had dropped the
Published 18 Feb, 2010 12:00am
India's news channels to boycott IPL

India's news channels to boycott IPL

Dozens of television news channels across India will boycott the glitzy Indian Premier League Twenty20 tournament due to what they said were "arbitrary" media restrictions. The guidelines say news channels can carry match footage for only 30 seconds per b
Published 18 Feb, 2010 12:00am
Tow more matches decided in Seniors Cup

Tow more matches decided in Seniors Cup

Two more matches were decided in the 12th National Seniors Cricket Cup on Wednesday. In the first match Ali Garh Seniors beat Lahore Tigers by 7 wickets in Group G match. Lahore Tigers scored 164 for 10 in allotted overs. Ali Garh Seniors achieved the tar
Published 18 Feb, 2010 12:00am
President approves four PCB governing body members

President approves four PCB governing body members

Consequent upon approval accorded by President Asif Ali Zardari, Pakistan Cricket Board (PCB) has announced four members of PCB Governing Board in the category of elected representatives of Regional Cricket Associations for the next two years.
Published 18 Feb, 2010 12:00am
Obama meets Afghan war cabinet

Obama meets Afghan war cabinet

US Presi-dent Barack Obama on Wednesday gathered his Afghan war cabinet as thousands of US-led troops attacked a Taliban bastion in the first big offensive of his troop surge strategy. Obama convened the meeting in the secure White House Situation Room, t
Published 18 Feb, 2010 12:00am
Kazakhs sign up to Moscow-backed force

Kazakhs sign up to Moscow-backed force

Kazakhstan ratified an accord Wednesday committing it to a Nato-style rapid-reaction force drawn from the armies of former Soviet nations, the Kazakh presidential press office said in a statement. The force will operate under the auspices of the Collectiv
Published 18 Feb, 2010 12:00am
Record 71 reporters killed world-wide in 2009

Record 71 reporters killed world-wide in 2009

A record total of 71 journalists were killed in their work around the world last year, including 33 in the Philippines, the New York-based Committee to Protect Journalists (CPJ) said in its annual survey released Tuesday. The 350-page report said the reco
Published 18 Feb, 2010 12:00am
Ancient Arabic inscription found in Jerusalem

Ancient Arabic inscription found in Jerusalem

A home renovation in Jerusalem's Old City has yielded a rare Arabic inscription offering insight into the city's history under Muslim rule, Israeli archaeologists said Wednesday. The fragment of a 1,100-year-old plaque is thought to have been made by an a
Published 18 Feb, 2010 12:00am
Russia signs deal to build military base in Abkhazia

Russia signs deal to build military base in Abkhazia

Russia and the Georgian rebel region of Abkhazia signed a deal on Wednesday allowing Moscow to build a military base on its soil, increasing its dependence on its sponsor and stoking tensions with Tbilisi. The base will accommodate at least 3,000 Russian
Published 18 Feb, 2010 12:00am
Rich nations failing to honour aid pledges: OECD

Rich nations failing to honour aid pledges: OECD

Rich nations, including Italy, Germany and Japan, will fail to honour aid pledges made five years ago, the OECD said on Wednesday, and Africa in particular looked certain to suffer from the shortfall. An Organisation for Economic Co-operation and Developm
Published 18 Feb, 2010 12:00am
Thousands marry in Unification Church wedding in South Korea

Thousands marry in Unification Church wedding in South Korea

Some 7,000 South Korean and overseas couples tied the knot Wednesday in a mass wedding dedicated to "the creation of a peaceful world beyond borders and races", the Unification Church said. Reverend Sun Myung Moon officiated at the "True Parents' Cosmic B
Published 18 Feb, 2010 12:00am
Five foreigners detained during February 11 rallies in Iran

Five foreigners detained during February 11 rallies in Iran

Five foreigners, including a French national, a Japanese reporter and two Russians, were detained during the February 11 rallies marking the anniversary of Iran's 1979 Islamic revolution, a prosecutor said on Wednesday. Three of them were later released,
Published 18 Feb, 2010 12:00am
Demonstrators block roads, burn tyres in Ivory Coast

Demonstrators block roads, burn tyres in Ivory Coast

Thousands of demonstrators blockaded parts of Ivory Coast on Wednesday in protest against President Laurent Gbagbo's decision to dissolve the government and electoral commission, witnesses and protesters said. Gbagbo's decision following a spat with the e
Published 18 Feb, 2010 12:00am
Egypt Prime Minister says niqab negates a woman's personality

Egypt Prime Minister says niqab negates a woman's personality

Prime Minister Ahmed Nazif has waded into Egypt's "niqab" controversy, saying the full-face veil wipes out a woman's personality, the official news agency MENA reported on Wednesday. The niqab, advocated by ultra-conservative Muslims, "cancels the persona
Published 18 Feb, 2010 12:00am
Soviet icon of WWII dies in Russia

Soviet icon of WWII dies in Russia

A Red Army soldier who appears in a historic photograph helping hoist a hammer-and-sickle flag over the Reichstag in Berlin in 1945 has died, officials said. He was 93. Abdulkhakim Ismailov died of unspecified causes late Tuesday in his native village of
Published 18 Feb, 2010 12:00am
Sarkozy offers aid on historic visit to Haiti

Sarkozy offers aid on historic visit to Haiti

France will provide 270 million euros over two years to Haiti to help the Caribbean nation's economy recover from a devastating January 12 earthquake, French President Nicolas Sarkozy said on Wednesday. Announcing the assistance at a news conference with
Published 18 Feb, 2010 12:00am
Court puts Ukraine election results on hold

Court puts Ukraine election results on hold

A top Ukrainian court Wednesday put on hold the results of presidential elections won by Viktor Yanukovych until it finishes hearing a case challenging the polls by his rival Yulia Tymoshenko. "The supreme administrative court of Ukraine... has put on hol
Published 18 Feb, 2010 12:00am
Indian firm designs armoured car for hotel corridors

Indian firm designs armoured car for hotel corridors

A mini armoured car, designed for use in confined spaces like airports, hotels or stadiums and inspired by the trauma of the 2008 Mumbai attacks, drew admirers at an Indian arms fair Wednesday. The battery-operated Anti-Terrorist Assault Cart (ATAC), whic
Published 18 Feb, 2010 12:00am
US aircraft carrier in Hong Kong amid China tensions

US aircraft carrier in Hong Kong amid China tensions

A US aircraft carrier arrived in Hong Kong Wednesday amid heightened tension between Washington and Beijing over arms sales to Taiwan and President Barack Obama's plan to meet the Dalai Lama. The stop by the USS Nimitz, one of the world's largest warships
Published 18 Feb, 2010 12:00am
Sterling Libor scales five-month high

Sterling Libor scales five-month high

Bank-to-bank borrowing costs for sterling nudged up on Wednesday after minutes from the Bank of England suggested its quantitative easing programme has probably ended. The three-month sterling London interbank offered rate climbed for a ninth successive s
Published 18 Feb, 2010 12:00am
Sterling rises versus euro

Sterling rises versus euro

Sterling rose against the euro on Wednesday after Bank of England minutes showed the recent decision to pause its asset purchase programme was unanimous, but sentiment towards the pound remained shaky. The pound's rise was limited after data showed a rise
Published 18 Feb, 2010 12:00am
Indian rupee retreats

Indian rupee retreats

The Indian rupee retreated from two-week highs on Wednesday after the dollar climbed against some majors, but firm domestic equities kept the undertone bullish. The partially convertible rupee ended at 46.11/12 per dollar after hitting 45.95 early, its hi
Published 18 Feb, 2010 12:00am
Euro slips in London

Euro slips in London

The euro failed to sustain early gains against the dollar on Wednesday as traders booked profits from a rally in the single European currency and focus shifted away from Greece's fiscal woes. The yen, meanwhile, fell broadly as concerns about sovereign ri
Published 18 Feb, 2010 12:00am
Indian shares stay higher

Indian shares stay higher

Indian shares climbed for a second day on Wednesday, rising 1.25 percent to their highest close in two weeks, as foreign appetite for risk revived on the back of higher world equities. "The negatives seem to be discounted in the prices for now," said Rake
Published 18 Feb, 2010 12:00am
Wednesday's early afternoon trade: US stocks advance

Wednesday's early afternoon trade: US stocks advance

US stocks advanced on Wednesday as stronger-than-expected earnings from companies including Deere & Co and economic data underpinned hopes for the recovery. Shares of Deere rose 5 percent to $56.45 after the farm equipment maker reported quarterly earning
Published 18 Feb, 2010 12:00am
European CDS indices tighten

European CDS indices tighten

European credit default swaps indexes tightened on Wednesday after better-than-expected US housing starts and a rise in industrial output indicated that economic recovery was under way. By 1605 GMT, the investment-grade Markit iTraxx Europe index was at 8
Published 18 Feb, 2010 12:00am
European CDS indices tighten

European CDS indices tighten

European credit default swaps indexes tightened on Wednesday after better-than-expected US housing starts and a rise in industrial output indicated that economic recovery was under way. By 1605 GMT, the investment-grade Markit iTraxx Europe index was at 8
Published 18 Feb, 2010 12:00am
Singapore leads gains in Southeast Asian trade

Singapore leads gains in Southeast Asian trade

Singapore stocks rose to their highest in three weeks on Wednesday, leading gains in other Southeast Asian stock markets as global economic optimism pushed up oil prices and spurred buying in regional commodity shares. Singapore ended up 1.3 percent, earl
Published 18 Feb, 2010 12:00am
Foreign net buying at one-month high in Seoul

Foreign net buying at one-month high in Seoul

Seoul shares rose for a second straight session on Wednesday, with the stronger won fuelling foreign buying into technology and banking issues such as Samsung Electronics and KB Financial Group. Foreign investors snapped up a net 371 billion won ($323 mil
Published 18 Feb, 2010 12:00am
Banks and miners lift FTSE

Banks and miners lift FTSE

Britain's top share index rose for the third consecutive day on Wednesday, led by financials and miners on bullish corporate results and economic data, and adding to growing optimism over the health of the global economy. The FTSE 100 ended up 32.58 point
Published 18 Feb, 2010 12:00am
Wednesday's midday trade: cotton down

Wednesday's midday trade: cotton down

Prices of ICE Futures US cotton futures during early trade on Wednesday. March cotton down 0.03 cent at 75.31 cents per lb by 12:45 p.m. EST (1745 GMT). Moving from 74.89 to 75.64 cents. Contract volume at 3,728 lots. Market gives back early gains as doll
Published 18 Feb, 2010 12:00am
Liffe sugar and coffee lower

Liffe sugar and coffee lower

May white sugar ended $25.00 lower at $714.00 a tonne on Wednesday. Market weighed by a firmer dollar, technically-driven selling and a lack of buying by key importers. May cocoa on Liffe ended 30 pounds lower at 2,256 pounds a tonne. Talk that closely wa
Published 18 Feb, 2010 12:00am
Copper hits three-week high

Copper hits three-week high

Copper prices hit a three-week high on Wednesday as the demand outlook brightened following upbeat economic data from the United States and as investors eyed bullish inventory data. Benchmark copper on the London Metal Exchange ended at $7,130 a tonne fro
Published 18 Feb, 2010 12:00am
World oil above $77

World oil above $77

Oil rose slightly on Wednesday, holding above $77 a barrel in choppy, light-volume trading as the market weighed upbeat news from the Federal Reserve and other positive economic data against pressure from a stronger US dollar. US crude for March delivery
Published 18 Feb, 2010 12:00am
Gold climbs in Europe

Gold climbs in Europe

Gold rose on Wednesday, supported by strong investment demand and news that South Africa is to levy royalties on minerals exports, but the metal pared gains after above-consensus US housing data lifted the dollar. Spot gold hit a peak of $1,126.85 an ounc
Published 18 Feb, 2010 12:00am
US MIDDAY: sugar tumbles

US MIDDAY: sugar tumbles

Summaries of the ICE Futures US cocoa, coffee and sugar markets, early on Wednesday. May arabica coffee contract fell 0.95 cent to $1.3410 per lb at 11:08 am EST (1608 GMT). Session range from $1.3360 to $1.3565. Arabica coffee moved down in an inside day
Published 18 Feb, 2010 12:00am
US MIDDAY: soyabeans, wheat and corn slide

US MIDDAY: soyabeans, wheat and corn slide

Soyabean futures on the Chicago Board of Trade were lower early on Wednesday on profit-taking after Tuesday's rally, coupled with a firmer dollar and expectations for large South American soy crops, traders said. As of 9:40 am CST (1540 GMT), CBOT March s
Published 18 Feb, 2010 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

US copper futures rose to a three-week high early on Wednesday, after surprisingly strong housing and industrial production figures added to a recent string of upbeat data that bolstered the demand outlook for industrial metals. Benchmark copper for March
Published 18 Feb, 2010 12:00am
US MIDDAY: gold pares gains

US MIDDAY: gold pares gains

US gold futures pared early gains on Wednesday's early gain as the euro lost ground against the dollar and investors sold bullion positions to cash in profits stemming from a recent rally. COMEX April gold was up 90 cents at $1,120.70 an ounce at 9:08 am
Published 18 Feb, 2010 12:00am
Two cops booked on charge of negligence

Two cops booked on charge of negligence

Two police officials, including a SI and an ASI, were booked on the charge of negligence when a murder accused escaped from their custody here. District Jail Superintendent Habibullah said on Wednesday that accused Atta Muhammad charged with wife's murder
Published 18 Feb, 2010 12:00am
Role of women in literature, poetry highlighted

Role of women in literature, poetry highlighted

The Sindh Minister for Youth Affairs, Syed Faisal Ali Subzwari, has highlighted the role of women towards literature especially poetry. He was speaking as chief guest at the Inter-Faculty Poetry Competition here on Wednesday. The contest was held at the G
Published 18 Feb, 2010 12:00am
Development projects to start in April

Development projects to start in April

PWD Executive Engineer Amir Hussain said here on Wednesday that work on various development projects would start in the first week of April this year. He said the projects of Hussain Abad Middle School, Theing Pain Girls Middle School, EidGah Hospital, Lo
Published 18 Feb, 2010 12:00am
Special anti-polio drive launched

Special anti-polio drive launched

City Traffic Police in collaboration with Unicef and health department have launched a special campaign to administer anti-polio drops to the children under five years of age travelling with their parents on roads. As many as 18 camps have been establishe
Published 18 Feb, 2010 12:00am
Answer to IPL

Answer to IPL

Some times nationalism is man's gravest threat to man - the maximum of hatred for a minimum reason. This is what happened in Indian Premiere League (IPL). They are arranging the world's most expensive T20 cricket tournament without the world champion of T
Published 18 Feb, 2010 12:00am
Jews fast-growing minority

Jews fast-growing minority

Threats to Israel typically come in the form of rockets. But economists also see a profound risk to the state that is entirely within its control: its education system. Inside a modern economy renowned for its innovative high-tech sector, they see a growi
Published 18 Feb, 2010 12:00am
Disadvantage of incumbency

Disadvantage of incumbency

Governments all over the world suffer from the disadvantage of incumbency as they are under constant scrutiny of the opposition, media and the intellectual community with regard to their policies relating to governance. In the civilised societies, such a
Published 18 Feb, 2010 12:00am
VIEWPOINT: A manufactured crisis

VIEWPOINT: A manufactured crisis

Those who had come to view Prime Minister Yousuf Raza Gilani as a calm and cautious leader, who has grown in the job, must have revised that opinion after the reckless speech he delivered in the National Assembly on Monday evening.
Published 18 Feb, 2010 12:00am
Dadu bombing

Dadu bombing

In a first significant act of terrorist bombing in the interior of Sindh, two men died and 16 were injured in Dadu's New Chowk area. The bomb also destroyed six shops and damaged several houses. Local police officials have issued contradictory statements
Published 18 Feb, 2010 12:00am
Slump in FDI

Slump in FDI

It is sad to see that Foreign Direct Investment (FDI) has declined steeply during the current financial year. According to the latest statistics released by the State Bank of Pakistan on 15th February, the FDI posted a sharp fall of 54.6 percent to stand
Published 18 Feb, 2010 12:00am
NBP facilitates payment of Western Union

NBP facilitates payment of Western Union

National Bank of Pakistan (NBP) has taken pre-emptive measures to facilitate the home remittance customers including those of Western Union to provide quick and reliable services at its exclusive "help desk". According to NBP here Tuesday, the bank has fu
Published 18 Feb, 2010 12:00am
DCO concerned over issuance of wrong electric bills

DCO concerned over issuance of wrong electric bills

The DCO Tando Allahyar Tariq Ahmed Memon has expressed his concern over issuance of wrong electric bills to citizens and asked the Hesco officers to refrain from imposing detection charges on the innocent citizens and also to evolve efficient system for r
Published 18 Feb, 2010 12:00am
Revalidation of TOO-2007: KCCI approaches National Assembly body chief

Revalidation of TOO-2007: KCCI approaches National Assembly body chief

The Karachi Chamber of Commerce and Industry (KCCI) has approached Chairman, National Assembly Standing Committee on Commerce, Engineer Khurram Dastgir Khan to revalidate Trade Organisation Ordinance - 2007 before it lapses. In a letter to the chairman, t
Published 18 Feb, 2010 12:00am
Kapco's profit after tax rises to Rs 1.380 billion

Kapco's profit after tax rises to Rs 1.380 billion

The profit after tax of Kot Addu Power Company (Kapco) has increased to Rs 1.380 billion in the quarter ended December 31, 2009 as compared to Rs 1.175 billion earned in the corresponding quarter in 2008. The company's earning per share increased to Rs 1.
Published 18 Feb, 2010 12:00am
Kapco's profit after tax rises to Rs 1.380 billion

Kapco's profit after tax rises to Rs 1.380 billion

The profit after tax of Kot Addu Power Company (Kapco) has increased to Rs 1.380 billion in the quarter ended December 31, 2009 as compared to Rs 1.175 billion earned in the corresponding quarter in 2008. The company's earning per share increased to Rs 1.
Published 18 Feb, 2010 12:00am
After tax profit of ABL increases to Rs 7.122 billion

After tax profit of ABL increases to Rs 7.122 billion

The profit after tax of Allied Bank Limited (ABL) has increased to Rs 7.122 billion in the year ended December 31, 2009 as compared to Rs 4.156 billion earned in the corresponding period in 2008. The bank's per share earning increased to Rs 10.02 in the p
Published 18 Feb, 2010 12:00am
After tax profit of ABL increases to Rs 7.122 billion

After tax profit of ABL increases to Rs 7.122 billion

The profit after tax of Allied Bank Limited (ABL) has increased to Rs 7.122 billion in the year ended December 31, 2009 as compared to Rs 4.156 billion earned in the corresponding period in 2008. The bank's per share earning increased to Rs 10.02 in the p
Published 18 Feb, 2010 12:00am
Government urged to provide fair share of water to Sindh

Government urged to provide fair share of water to Sindh

The government must provide fair share of water to Sindh because the available surface water is inadequate to meet the requirement of crops, unfortunately, the ground water is of poor quality, therefore, there is a dire need to use this precious resource
Published 18 Feb, 2010 12:00am
LTU Karachi witnesses nine percent growth in direct taxes

LTU Karachi witnesses nine percent growth in direct taxes

Large Taxpayers Unit (LTU), Karachi, has witnessed 9 percent growth in direct taxes during current fiscal period as compared to the corresponding period last year. According to the provincial statistics made available to Daily Business Recorder on
Published 18 Feb, 2010 12:00am
Dubai Islamic Bank celebrates customer engagement day

Dubai Islamic Bank celebrates customer engagement day

Dubai Islamic Bank celebrated its first customer engagement day at its newly opened branches in Karachi, Hyderabad and Quetta since its inauguration last year. The customer engagement ceremony was held to introduce Dubai Islamic Bank and its complete Shar
Published 18 Feb, 2010 12:00am
After tax profit of DG Khan increases to Rs 469.97 million

After tax profit of DG Khan increases to Rs 469.97 million

The profit after tax of DG Khan Cement has increased to Rs 469.970 million in half-year period ended December 31, 2009 as compared to Rs 127.048 million earned in the corresponding period in 2008. The board of directors of the company in its meeting held
Published 18 Feb, 2010 12:00am
After tax profit of DG Khan increases to Rs 469.97 million

After tax profit of DG Khan increases to Rs 469.97 million

The profit after tax of DG Khan Cement has increased to Rs 469.970 million in half-year period ended December 31, 2009 as compared to Rs 127.048 million earned in the corresponding period in 2008. The board of directors of the company in its meeting held
Published 18 Feb, 2010 12:00am
Arrangements for Eid Milad-un-Nabi reviewed

Arrangements for Eid Milad-un-Nabi reviewed

DCO Karachi, Javed Hanif Khan on Wednesday held a meeting with Ulema and religious leaders, belonging to various schools of thought and reviewed the arrangements for Eid Milad-un-Nabi functions, mafahil and processions.
Published 18 Feb, 2010 12:00am
Body set up to probe into patient's death

Body set up to probe into patient's death

A three-member inquiry committee has been constituted to probe the death of a patient, Zohra Bibi, aged 50, due to alleged negligence of doctors at Services hospital here. MS Dr Muhammad Javed said on Wednesday that the inquiry committee was headed by Azi
Published 18 Feb, 2010 12:00am
UAF holds inaugural ceremony of 'Kisht-e-Nau 2008'

UAF holds inaugural ceremony of 'Kisht-e-Nau 2008'

Speakers at a ceremony termed the students as a beacon of light for the uplift of the country and urged them to fully concentrate on their studies. They were addressing an inaugural ceremony of students' magazine "Kisht-e-Nau 2008" held here at new senate
Published 18 Feb, 2010 12:00am
Most of Balochistan still deprived of natural gas: JWP

Most of Balochistan still deprived of natural gas: JWP

Secretary General of Jamhori Watan Party (JWP), Rauf Khan Sasoli has complained that the people of Balochistan are not being accommodated in the ongoing oil and gas exploration activities being conducted by the PPL and other companies while majority of Ba
Published 18 Feb, 2010 12:00am
Government urged to develop handicrafts village in Multan

Government urged to develop handicrafts village in Multan

Multan is a hub of handloom, embroidery manual work and other handicrafts, therefore, federal and Punjab governments should develop a cottage village in Multan as per previous plan to introduce and promote Multani skills and work internationally. This was
Published 18 Feb, 2010 12:00am
Kashmiri leader concerned over killings, arrests in IHK

Kashmiri leader concerned over killings, arrests in IHK

Veteran Kashmiri Hurriyet leader, Syed Ali Gilani has expressed serious concern over the killing of innocent civilians and arrest of youth by Indian police and troops in occupied Kashmir. Syed Ali addressing on telephone from New Delhi a meeting of Tehree
Published 18 Feb, 2010 12:00am
Revenue officials told to prepare list of government lands

Revenue officials told to prepare list of government lands

Divisional Commissioner Tahir Hussain has directed revenue officials (ROs) to prepare a comprehensive list of government lands lying vacant in their jurisdiction and also present details of public lands with help of chart and maps attached with government
Published 18 Feb, 2010 12:00am
PIA starts Sialkot-Sharjah flight from today

PIA starts Sialkot-Sharjah flight from today

Pakistan International Airline (PIA) the National carrier has finalised all necessary rearrangements for commencing new weekly international flight Sialkot-Sharjah from Sialkot International Airport on February 18, revealed District Manager PIA Khalid Ham
Published 18 Feb, 2010 12:00am
15 percent rise in power tariff likely in March

15 percent rise in power tariff likely in March

Electricity rates would likely to go up by Rs 1.20 per unit in March due to rise in generational cost. Quoting sources of Ministry of Water and Power, a private news channel reported that the loan obtained by Pepco has been reached Rs 91 billion due to no
Published 18 Feb, 2010 12:00am
28 top Malaysian businessmen to attend Expo-2010

28 top Malaysian businessmen to attend Expo-2010

As many as 28 top Malaysian businesspersons representing 15 high ranking Malaysian companies are all set to attend Expo-2010, one of the biggest trade show being held in Karachi from February 26-28. Acting High Commissioner for Pakistan in Malaysia Dr Imt
Published 18 Feb, 2010 12:00am
Demonstrators demand opening of schools in Khyber Agency

Demonstrators demand opening of schools in Khyber Agency

Khyber Students' Federation on Wednesday held protest demonstration in front of political agent office here demanding immediate opening of all educational institutes of the agency besides making alternative arrangement for these students in different acad
Published 18 Feb, 2010 12:00am
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