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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-07-16
PTT up on debut, outperforms hit

PTT up on debut, outperforms hit

Bonds from Thailand's PTT Exploration and Production PCL gained on their Asian debut on Thursday, outperforming an overall weak market hit by poor US retail sales data and the Federal Reserve's downbeat outlook. The Asia ex-Japan iTraxx investment-grade i
Published 16 Jul, 2010 12:00am
PTT up on debut, outperforms hit

PTT up on debut, outperforms hit

Bonds from Thailand's PTT Exploration and Production PCL gained on their Asian debut on Thursday, outperforming an overall weak market hit by poor US retail sales data and the Federal Reserve's downbeat outlook. The Asia ex-Japan iTraxx investment-grade i
Published 16 Jul, 2010 12:00am
Southeast Asian stocks mostly lower

Southeast Asian stocks mostly lower

Southeast Asian stock markets mostly fell on Thursday, with Indonesia ending a rally that took it close to a record high and Singapore retreating from a 10-week peak as investors turned wary over the US economy. Investors cashed in on recent gainers acros
Published 16 Jul, 2010 12:00am
Nikkei slips

Nikkei slips

Japan's Nikkei average fell 1.1 percent on Thursday after the Federal Reserve's caution on the US economic recovery and souring near-term technical prompted investors to take profits after a jump this month to three-week highs. Asian stock markets slightl
Published 16 Jul, 2010 12:00am
Thursday's afternoon trade: stocks fall

Thursday's afternoon trade: stocks fall

US stocks fell on Thursday after anaemic economic data underscored fears about slumping economic growth. An unexpected fall in regional factory activity and a third straight month of decline in producer prices raised concerns about deflation, cooling inve
Published 16 Jul, 2010 12:00am
S&P dips, Fed policy minutes weigh

S&P dips, Fed policy minutes weigh

US stocks broke a six-day winning streak on Wednesday, with the S&P 500 ending a hair lower after the Federal Reserve suggested additional measures may be needed to combat a weakening economy. Optimism over the start of earnings season limited declines af
Published 16 Jul, 2010 12:00am
European CDS recover

European CDS recover

European corporate credit default swap spreads recovered from an earlier sharp widening after a successful bond auction by Spain soothed fears about sovereign risk on Thursday. By 1007 GMT, the investment-grade Markit iTraxx Europe index was steady at 113
Published 16 Jul, 2010 12:00am
European CDS recover

European CDS recover

European corporate credit default swap spreads recovered from an earlier sharp widening after a successful bond auction by Spain soothed fears about sovereign risk on Thursday. By 1007 GMT, the investment-grade Markit iTraxx Europe index was steady at 113
Published 16 Jul, 2010 12:00am
Treasuries climb

Treasuries climb

US Treasuries climbed on Wednesday as weak retail sales data and a pared-back economic outlook from the Federal Reserve boosted demand for safe-haven debt. Treasuries extended gains in the afternoon after members of the US central bank said in the minutes
Published 16 Jul, 2010 12:00am
Treasuries climb

Treasuries climb

US Treasuries climbed on Wednesday as weak retail sales data and a pared-back economic outlook from the Federal Reserve boosted demand for safe-haven debt. Treasuries extended gains in the afternoon after members of the US central bank said in the minutes
Published 16 Jul, 2010 12:00am
Indian shares drop

Indian shares drop

Indian shares dropped 0.2 percent in a choppy session on Thursday, with financials leading the fall, reflecting world markets which weakened on US Federal Reserve's cautious stance on economic recovery. Weak monsoon rains in Asia's third-largest economy a
Published 16 Jul, 2010 12:00am
Chinese and Hong Kong shares fall

Chinese and Hong Kong shares fall

Shares in Shanghai and Hong Kong fell on Thursday after a weak mainland debut for Agricultural Bank of China cast doubts over investor appetite for mainland bank shares ahead of major fundraising plans. Worries about slowdowns in the US and Chinese econom
Published 16 Jul, 2010 12:00am
Most Middle East markets fall

Most Middle East markets fall

Dubai's Arabtec surged on Thursday after indebted property developer Nakheel said core banks had unanimously approved its multi-billion dollar restructuring proposal. Builder Arabtec climbed 6.4 percent, helping Dubai's index reach a new two-week high, bu
Published 16 Jul, 2010 12:00am
Growth anxiety pushes FTSE lower; banks slip

Growth anxiety pushes FTSE lower; banks slip

Weak US data intensified anxiety about economic recovery and dragged Britain's top share index to a lower close on Thursday, with risk-sensitive banks and commodity stocks hit hardest. The FTSE 100 ended 42.23 points or 0.8 percent lower at 5,211.29. It c
Published 16 Jul, 2010 12:00am
Euro Libor springs back

Euro Libor springs back

Interbank euro funding costs resumed their climb on Thursday on reduced excess liquidity in the system, but benchmark dollar rates fell to a seven-week low after the US Federal Reserve trimmed its growth outlook. The London interbank offered rate for thre
Published 16 Jul, 2010 12:00am
Sterling hits 2-1/2-month high

Sterling hits 2-1/2-month high

Sterling hit a 2-1/2-month high versus the dollar on Thursday as the US currency suffered after weak economic data, and analysts said more gains may lie in store for the pound due to technical factors. Sterling was boosted as the dollar slumped across the
Published 16 Jul, 2010 12:00am
Australian drops in Asia

Australian drops in Asia

The Australian dollar fell on Thursday, as selling by model-based funds weighed on the currency against the yen, while it took in stride data that pointed to a mild slowdown in China, rather than a deeper one as some had feared. The Australian dollar slid
Published 16 Jul, 2010 12:00am
Dollar falls versus euro, majors in London

Dollar falls versus euro, majors in London

The dollar fell to a two-month low against the euro and a basket of currencies on Thursday after dovish US Federal Reserve minutes heightened concerns about the outlook for the US economy. Fed officials last month felt they should be ready to consider add
Published 16 Jul, 2010 12:00am
Early trade: Dollar slides broadly

Early trade: Dollar slides broadly

The US dollar fell broadly on Thursday, and the euro soared to a two-month high above $1.29 as soft inflation and manufacturing data added to concerns about the strength of the US economy. The euro rose 1.3 percent to $1.2901, marking its best day in two
Published 16 Jul, 2010 12:00am
Euro hits two-month high

Euro hits two-month high

The euro hit a two-month high on Wednesday and the US dollar fell against the yen after the Federal Reserve's minutes of its last meeting showed policy makers were concerned the US recovery may be slowing. The Federal Open Market Committee minutes weighed
Published 16 Jul, 2010 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 69.40/69.42 (previous 69.40/69.45). Call Money Rates: 2.50-3.00 percent (previous 2.50-3.25 percent).
Published 16 Jul, 2010 12:00am
Australian and New Zealand dollars slip

Australian and New Zealand dollars slip

The Australian and New Zealand dollars fell on Thursday in choppy trade, with investors leery of buying more risky assets after data showed China's economy was not growing as fast as some would like it to. The Australian dollar dropped to $0.8766, well of
Published 16 Jul, 2010 12:00am
Swiss franc dips versus euro

Swiss franc dips versus euro

The Swiss franc dipped against the euro on Thursday, moving towards a two-week low hit in the previous session, as investors' hopes of a strong earnings season reduced risk aversion and steered them away from the safe haven franc. The single currency cont
Published 16 Jul, 2010 12:00am
Baht edges higher

Baht edges higher

The Thai baht edged higher on Thursday after the central bank raised interest rates the previous day, but other Asian currencies and stock markets weakened on worries about the fragile US economy. A flurry of data from China confirmed expectations that it
Published 16 Jul, 2010 12:00am
Yuan declines

Yuan declines

Spot yuan closed lower against the dollar on Thursday after data showed China's economic recovery was slowing and inflation eased, indicating the authorities will be in no hurry to allow the Chinese currency to appreciate. Dollar/yuan offshore forwards ro
Published 16 Jul, 2010 12:00am
Global CEO excellence awards in August

Global CEO excellence awards in August

The Global Media Links (GML) is organising the first Global CEO Excellence Awards 2010 during the second week of August to admire leadership of different sectors, including large businesses, industries, small and medium enterprises, government departments
Published 16 Jul, 2010 12:00am
'ECC to review prices of automobiles in next meeting'

'ECC to review prices of automobiles in next meeting'

The Economic Co-ordination Committee (ECC) to review measures and take decision on the basis of recommendations presented by concerned committee for curtailing prices of auto cars in the country. This was stated by Federal Minister for Industries and Prod
Published 16 Jul, 2010 12:00am
Khyber-Pakhunkhwa will legislate banning child marriage

Khyber-Pakhunkhwa will legislate banning child marriage

The provincial government of Khyber-Pakhunkhwa has prepared legislation for ban on child marriages and corporal punishment in the province. The law is also promulgated through an ordinance and formal bill in this regard would be tabled in the provincial l
Published 16 Jul, 2010 12:00am
Mobilink concludes awareness drive

Mobilink concludes awareness drive

Mobilink will conclude its awareness drive on Friday (today) to support the National Polio Campaign (NPC) and the Polio Control Cell. As an integral member and advocate in the fight against polio, Mobilink has conducted 3 rounds of awareness in the past r
Published 16 Jul, 2010 12:00am
Modi loses court battle

Modi loses court battle

Suspended Indian Premier League chief Lalit Modi was dealt a fresh blow Thursday after a court dismissed his plea to stay disciplinary proceedings initiated against him by India's cricket board. The Bombay High Court also rejected Modi's demand that a thr
Published 16 Jul, 2010 12:00am
Security plan for Amman Car Rally finalised

Security plan for Amman Car Rally finalised

National Highway and Motorway Police (NH&MP) has finalised a comprehensive security plan to ensure safe and uninterrupted passage to "Islamabad-Kalam Amman Car Rally". The rally will start from Islamabad, join G.T Road from Motorway Chowk Rawalpindi, and
Published 16 Jul, 2010 12:00am
Spain, Germany in transfer tussle for oracle octopus

Spain, Germany in transfer tussle for oracle octopus

Madrid zoo made a transfer bid for Paul the oracle octopus on Thursday, telling his aquarium in Germany it would outbid all others and give him a warm welcome in gratitude for predicting Spain's soccer World Cup win. But Paul's keepers at Sea Life in Germ
Published 16 Jul, 2010 12:00am
Latest score

Latest score

Pakistan, chasing 440 for victory, were 114 for one in their second innings at the close of the third day of the first Test against Australia at Lord's in London on Thursday. Scores: Australia 253 and 334 v Pakistan 148 and 114 for one.
Published 16 Jul, 2010 12:00am
Australia set Pakistan record victory target

Australia set Pakistan record victory target

Australia set Pakistan a world record 440 to win the first Test at Lord's after they were dismissed for 334 in their second innings on the third day on Thursday. West Indies' 418 for seven against Australia in 2003 is the record while Pakistan's highest w
Published 16 Jul, 2010 12:00am
Pakistan 'A' squad for Sri Lanka tour announced

Pakistan 'A' squad for Sri Lanka tour announced

The national selection committee meeting, featuring all except one of its members, Saleem Jaffer, has announced a 15-member Pakistan `A' squad for the tour to Sri Lanka starting on August 20. Saleem, who has been associated with the present selection comm
Published 16 Jul, 2010 12:00am
Henry announces international retirement

Henry announces international retirement

France striker Thierry Henry has announced his retirement from international soccer, the BBC reported on Thursday. The 32-year-old former Arsenal and Barcelona player, who signed for Major League Soccer (MLS) team the New York Redbulls on Wednesday, playe
Published 16 Jul, 2010 12:00am
Aamer 'cleverer than I was at 18': Wasim Akram

Aamer 'cleverer than I was at 18': Wasim Akram

Pakistan fast bowling great Wasim Akram believes new pace sensation Mohammad Aamer is "much cleverer than I was at 18" after watching the teenage quick's latest impressive Test display. Aamer, like Wasim a left-arm seamer, took four wickets for 72 runs as
Published 16 Jul, 2010 12:00am
Punjab farmers welcome reopening of CJ link canal

Punjab farmers welcome reopening of CJ link canal

Various Punjab farmers' associations welcomed reopening of the Chashma Jhelum link canal with a discharge of 15,000 cusecs on Thursday. Talking to Business Recorder Convenor Punjab Water Council Farooque Bajwa demanded that Indus River System Autho
Published 16 Jul, 2010 12:00am
JJVL clarification

JJVL clarification

Jamshoro Joint Venture Limited (JJVL) has issued what it says a "rebuttal" in response to a news item "Musharraf government's flawed deal with JJVL on LPG: SSGC to award contract to same party beyond February 2011," by Business Recorder on July 15,
Published 16 Jul, 2010 12:00am
Power shortfall rises

Power shortfall rises

Power shortfall has started risen up with rise in mercury in the city, as a total of 1857MW shortfall was recorded during last 24 hours. Citizens faced ordeal like situation accordingly, as schedule load shedding crept in the system and many areas of the
Published 16 Jul, 2010 12:00am
Khosa for water availability to farmers

Khosa for water availability to farmers

Senior Advisor to Chief Minister Punjab Sardar Zulfiqar Ali Khan Khosa has said that agriculture is backbone of economy and irrigation water plays vital role in progress of agri-sector as well as uplift of farmers. He directed that canal water should be m
Published 16 Jul, 2010 12:00am
'CCO offices actively working to address complaints'

'CCO offices actively working to address complaints'

Children Complaints Office (CCO) is operational in Wafaqi Mohtasib (Ombudsman) offices in Punjab, Sindh, Balochistan and AJK to address the complaints against violation of rights of children by federal, provincial departments and/or agencies.
Published 16 Jul, 2010 12:00am
Import of reconditioned cars opposed

Import of reconditioned cars opposed

Former Chairman, Pakistan Automobile Spare Parts Importers and Dealers Association (PASPIDA) and former President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Iftikhar Malik, has strongly opposed import of reconditioned cars.
Published 16 Jul, 2010 12:00am
Over Rs one billion Zakat to be distributed: Minister

Over Rs one billion Zakat to be distributed: Minister

Punjab Minister for Zakat-O-Ushr Malik Nadeem Kamran said Zakat distribution of over one billion rupees among deserving ones once local Zakat Committees are constituted and whole process would be completed by December 30. He was presiding over departmenta
Published 16 Jul, 2010 12:00am
Court rules torture lawsuits against UK continue

Court rules torture lawsuits against UK continue

Former Guantanamo detainees can proceed with lawsuits accusing Britain of complicity in torture overseas, a High Court judge ruled, rejecting a government request to suspend the action. Britain had asked a judge to direct the six men, and six others who p
Published 16 Jul, 2010 12:00am
Democratic fundraiser Nemazee gets 12 years

Democratic fundraiser Nemazee gets 12 years

A US judge handed a 12-year prison sentence on Thursday to Hassan Nemazee, a former fundraiser for Barack Obama and Hillary Clinton who admitted to a $292 million fraud of three major banks. Nemazee had pleaded guilty on March 18 to charges of bank fraud
Published 16 Jul, 2010 12:00am
Iran nuclear scientist returns

Iran nuclear scientist returns

An Iranian nuclear scientist who says he was abducted by CIA agents a year ago returned home from the United States early on Thursday saying he was pressured to lie about Iran's nuclear programme. Washington denied kidnapping Shahram Amiri and insisted he
Published 16 Jul, 2010 12:00am
China faces worst floods in years, Japan on alert

China faces worst floods in years, Japan on alert

Heavy rains and powerful winds battered East Asia on Thursday, pressing authorities to evacuate hundreds of thousands of people from their homes in Japan and putting China on alert for its worst floods in years. In the Philippines, power was gradually res
Published 16 Jul, 2010 12:00am
US hands over last Iraq jail but keeps 200 inmates

US hands over last Iraq jail but keeps 200 inmates

The US military handed over its last prison in Iraq on Thursday, ending an ignominious chapter of the 2003 US invasion that saw thousands detained without charge and triggered outrage after disclosures of abuse. At a ceremony in a hangar at Camp Cropper d
Published 16 Jul, 2010 12:00am
Vatican toughens rules on sexual abuse of children

Vatican toughens rules on sexual abuse of children

The Vatican on Thursday made sweeping revisions to its laws on sexual abuse, doubling a statute of limitations for disciplinary action against priests and extending the use of fast-track procedures to defrock them. In an unexpected move, the Vatican also
Published 16 Jul, 2010 12:00am
Gambia-former army chief sentenced to death for putsch bid

Gambia-former army chief sentenced to death for putsch bid

A former Gambia army chief and seven others were sentenced to death on Thursday for plotting to overthrow President Yahya Jammeh last year, news reports said. The group, among them ex-army chief Lang Tombong Tamba, was convicted of high treason by a court
Published 16 Jul, 2010 12:00am
Karzai approves plan for new Afghan police force

Karzai approves plan for new Afghan police force

Afghan President Hamid Karzai has approved a controversial US plan for a new local defence force to help tackle the growing Taliban insurgency. The formation of a Local Police Force is a sensitive issue for Afghans who remember the notorious militias mobi
Published 16 Jul, 2010 12:00am
Afghan health team abducted; local official killed

Afghan health team abducted; local official killed

Gunmen kidnapped five Health Ministry employees in Afghanistan's volatile Kandahar province while insurgents killed a district official elsewhere, reportedly on the orders of the Taliban supreme leader, officials said Thursday.
Published 16 Jul, 2010 12:00am
EU launches talks with Georgia on association pact

EU launches talks with Georgia on association pact

The European Union boosted Georgia's hopes of building closer ties with the West Thursday by launching talks on an association pact that would strengthen relations with the ex-Soviet republic. EU foreign affairs chief Catherine Ashton said at a joint pres
Published 16 Jul, 2010 12:00am
US sees direct Middle East peace talks likely

US sees direct Middle East peace talks likely

The United States has a "strong belief" that direct peace talks between Israel and the Palestinians will resume "at some point in time," State Department spokesman Philip Crowley said Thursday. "This is a decision that is first and foremost up to Israeli
Published 16 Jul, 2010 12:00am
Fatah rejects direct talks with Israel as US envoy visits

Fatah rejects direct talks with Israel as US envoy visits

Palestinian president Mahmud Abbas should not hold direct talks with Israel because indirect negotiations had yielded nothing, his Fatah movement said on Thursday. The movement's statement came as US envoy George Mitchell was expected in the region on his
Published 16 Jul, 2010 12:00am
German university introduces Islamic theology degree

German university introduces Islamic theology degree

Frankfurt University is introducing a bachelor degree in Islamic studies, the first in Germany to teach Islamic theology using western academic methods, it said Thursday. The three-year course will put Islamic theology on the same footing as Christian and
Published 16 Jul, 2010 12:00am
Libyan aid ship docks at Egyptian port

Libyan aid ship docks at Egyptian port

A Libyan-chartered ship barred by the Israeli navy from sailing to Gaza with aid for Palestinians docked instead at Egypt's El-Arish port on Thursday and began unloading its cargo, the port chief said. The ship had anchored in the harbour area on Wednesda
Published 16 Jul, 2010 12:00am
Nato boosts Afghanistan information sharing

Nato boosts Afghanistan information sharing

Nato unveiled a new 30-million-euro computer network on Thursday it said would streamline information-sharing between nations with troops in Afghanistan, thus saving money and lives. "From now on we have one mission, one network, one database which is ava
Published 16 Jul, 2010 12:00am
New York cotton settles touch firmer

New York cotton settles touch firmer

Cotton futures settled fractionally higher on Thursday on late investor buying as the market's downward spiral seemed to have slowed and futures consolidated, brokers said. The key December cotton contract gained 0.12 cent to close at 73.47 cents per lb,
Published 16 Jul, 2010 12:00am
US copper down

US copper down

US copper futures ended lower in choppy trade on Wednesday, weighed down by an indecisive stock market and surprisingly weak retail sales data that pointed to less strength in the world's largest economy. Copper for September delivery shed 0.90 cent at $3
Published 16 Jul, 2010 12:00am
Shanghai copper flat

Shanghai copper flat

Copper pared losses in London and Shanghai on Thursday, supported by record Chinese refined copper output in June and reassuring economic growth and inflation data. Benchmark third-month Shanghai copper ended flat on the day at 53,170 yuan per tonne, in t
Published 16 Jul, 2010 12:00am
Copper declines

Copper declines

Copper edged lower on Thursday as investors worried about a slowdown in the pace of global economic growth, after a flurry of mixed economic data from China and the United States. Benchmark copper for three-months delivery on the London Metal Exchange clo
Published 16 Jul, 2010 12:00am
Tokyo rubber futures slip

Tokyo rubber futures slip

Tokyo rubber futures ended lower on Thursday, weighed down by a fall in oil prices and a stronger Japanese yen, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for December delivery fell 1.8 yen to settle at 262.4 yen ($2.97) p
Published 16 Jul, 2010 12:00am
Malaysian palm oil up 2.44 percent

Malaysian palm oil up 2.44 percent

Malaysian crude palm oil closed up 2.44 percent, after hitting a five-week-and-a-half week high on strong exports and firmer external markets. A concern over erratic weather in many countries which has damaged grains crop, including vegetable oils as well
Published 16 Jul, 2010 12:00am
New York sugar falls, cocoa soars

New York sugar falls, cocoa soars

Liffe cocoa futures rose to a 32-year high on Wednesday after a larger-than-expected rise in Europe's quarterly grind signalled firmer demand, boosting US cocoa to its biggest daily gain in seven months. Sugar futures slipped and arabica coffee finished d
Published 16 Jul, 2010 12:00am
US soyabeans higher

US soyabeans higher

US soyabean futures on the Chicago Board of Trade closed higher on Wednesday on fund-driven technical buying along with some forecasts for hotter, drier weather in the US Midwest, traders said. Goldman Sachs raised its three-month price forecast for CBOT
Published 16 Jul, 2010 12:00am
Liffe cocoa slips

Liffe cocoa slips

Liffe second-month September cocoa closed at 2,419 pounds per tonne, down 17 pounds on Thursday. Dealers looked to the impending July delivery on Friday, which is expected to be up to 230,000 tonnes of cocoa. Liffe front-month white sugar futures settled
Published 16 Jul, 2010 12:00am
Oil falls below $77

Oil falls below $77

Oil fell below $77 a barrel on Thursday after disappointing US economic data curbed expectations for future demand growth A US Federal Reserve report showed slowing growth in factory activity in the Mid-Atlantic region, pushing down both oil prices and eq
Published 16 Jul, 2010 12:00am
US gold moderately lower

US gold moderately lower

US gold futures turned to settle moderately lower on Wednesday, following the euro and US equity markets down after the Federal Reserve issued a report saying it should be ready to take additional measures to combat a softening economy, if necessary, trad
Published 16 Jul, 2010 12:00am
Gold surges in Asia

Gold surges in Asia

Gold edged up on Thursday after China's growth data for the second quarter was slightly weaker than expected, helping revive the precious metal's allure as a hedge at a time of economic uncertainty. Spot gold was at $1,210.65 per ounce as of 0520 GMT, up
Published 16 Jul, 2010 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose on Thursday, benefiting from a retreat in risk appetite after soft US economic data knocked stocks, the dollar and industrial commodities lower. Spot gold was bid at $1,211.70 an ounce at 1528 GMT against $1,207.50 late in New York on Wednesday.
Published 16 Jul, 2010 12:00am
US MIDDAY: cocoa down; sugar and coffee up

US MIDDAY: cocoa down; sugar and coffee up

ICE September cocoa down $9 at $3,144 per tonne early on Thursday. ICE October raw sugar was up 0.34 cent or 2.0 percent at 17.31 cents a lb at 1618 GMT. ICE September arabicas were up 2.60 cents or 1.6 percent at $1.6750 a lb.
Published 16 Jul, 2010 12:00am
US MIDDAY: wheat, corn and soya rally

US MIDDAY: wheat, corn and soya rally

US wheat futures surged 4.6 percent in early trading at the Chicago Board of Trade on Thursday, touching their highest level in 13 months on concerns that hot weather in Europe will damage the developing crop there, traders said. Corn and soyabean futures
Published 16 Jul, 2010 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

US copper futures closed with modest gains early on Thursday, supported by a broadly weaker dollar and holding firm despite mixed US and Chinese economic data that fed near-term demand concerns. Copper for September delivery rose 0.35 cent to settle at $3
Published 16 Jul, 2010 12:00am
US MIDDAY: gold largely flat

US MIDDAY: gold largely flat

Gold prices were largely flat early on Thursday, as the metal continues to be rangebound on the back of disappointing US economic data and a lack of dramatic movements from the outside markets. Potential surprises from a US consumer inflation report on Fr
Published 16 Jul, 2010 12:00am
Women urged to acquire education

Women urged to acquire education

There is an urgent need to create awareness among women regarding the importance of education to counter social injustices, said Sindh Minister for Women Development Tauqeer Fatima on Thursday at the 6th International Conference on Women Leadership 2010 a
Published 16 Jul, 2010 12:00am
Government to plant 45 million saplings during monsoon plantation drive

Government to plant 45 million saplings during monsoon plantation drive

The government would plant 45 million saplings across the country during the upcoming monsoon plantation campaign beginning from the third week of July, 2010. This was decided during a meeting of the Environment Ministry, chaired by Federal Minister for E
Published 16 Jul, 2010 12:00am
Standard Chartered wins 'Best Bank in Pakistan' award

Standard Chartered wins 'Best Bank in Pakistan' award

Euromoney has awarded Standard Chartered Bank as the prestigious "Best Bank in Pakistan" under the "Awards for Excellence 2010". The award was received at a ceremony held in Hong Kong on July 15, 2010. The Standard Chartered Bank was also named as "Best R
Published 16 Jul, 2010 12:00am
Boy, girl hammered to death by uncle

Boy, girl hammered to death by uncle

In a barbaric act, a boy and a girl were hammered to death by their maternal uncle in the limits of Mominabad Police Station on Thursday. According to details, five-year-old Saud and his nine-year-old sister Zainab, children of Nasir, were playing in thei
Published 16 Jul, 2010 12:00am
SECP takes brokerage house to court for fraud

SECP takes brokerage house to court for fraud

The Securities and Exchange Commission of Pakistan (SECP) has, under Section 24 (2) of Central Depositories Act, 1997 as well as offences under relevant provisions of the Pakistan Penal Code, filed a criminal complaint in a court against Cliktrade Ltd, a
Published 16 Jul, 2010 12:00am
Police officials directed to put security apparatus on high alert

Police officials directed to put security apparatus on high alert

Inspector General Police (IGP) Islamabad Syed Kaleem Imam directed top officials of Islamabad Police to put security apparatus on high alert to avoid any untoward incident. "Current law and order situation demands extra vigilance as protection of lives an
Published 16 Jul, 2010 12:00am
New BMW-5 Series to arrive in Pakistan at end of current month

New BMW-5 Series to arrive in Pakistan at end of current month

The world's most successful premium automotive manufacturer has announced that the New BMW-5 Series will arrive in Pakistan at the end of July 2010. The launch of the sixth generation model marks the epitome of aesthetic design and supreme driving pleasur
Published 16 Jul, 2010 12:00am
Imposition of turnover tax

Imposition of turnover tax

Turnover tax has been imposed on individuals, AOP and proprietorship in the federal budget of 2010-11. It is very harsh and impracticable, especially for those dealers who distribute the products of multinational companies and manufacturers because such c
Published 16 Jul, 2010 12:00am
'A degree is a degree'

'A degree is a degree'

Justice Ramday was ashamed reading headlines about fake degrees during his recent stay in Singapore. But the political leadership has no shame, defending criminals, though the world media is not oblivious like parliamentarians.
Published 16 Jul, 2010 12:00am
Training to tackle Taliban - and cooperate with allies

Training to tackle Taliban - and cooperate with allies

The Afghan policemen do not seem overly excited by the prospect of going on tour with their American trainers this afternoon. Outside in Imam Sahib, in the Kunduz province of northern Afghanistan, it's 45 degrees celsius. The local police chief delegates
Published 16 Jul, 2010 12:00am
Tax losses due to underground economy

Tax losses due to underground economy

That there is a considerable informal economy, revenue leakage and black money in Pakistan is undoubted but few in-depth studies have been undertaken to quantify its magnitude and extent. A sound development strategy seeks to reduce the size of the inform
Published 16 Jul, 2010 12:00am
This eyewash will not do

This eyewash will not do

Four days after passing a highly offensive resolution blaming the media, the Punjab Assembly has come up with what can only be described as a lame excuse for a resolution. Without condemning or withdrawing the former resolution, the 'pro-media' motion ass
Published 16 Jul, 2010 12:00am
Reformed GST faces grim prospects?

Reformed GST faces grim prospects?

Prime Minister Yousuf Raza Gilani has reportedly requested Federal Finance Minister Dr Hafeez Sheikh to sort out the lingering dispute between the centre and the province over who is to collect value-added tax (VAT) on services, renamed the reformed Gener
Published 16 Jul, 2010 12:00am
PEC team briefed about MUET departmental working

PEC team briefed about MUET departmental working

A four-member delegation of Pakistan Engineering Council (PEC) Re-Accreditation Wednesday arrived at Mehran University of Engineering and Technology (MUET), Jamshoro campus on a three-day visit. The delegation met Professor Mohammad Aslam Uqaili, Pro Vice
Published 16 Jul, 2010 12:00am
Special issue of 'Adbiyat' on Josh Maleehababi released

Special issue of 'Adbiyat' on Josh Maleehababi released

Josh Maleeh Abadi has a versatile literary personality having various aspects like poetry, criticism, editing, and sketch writing etc especially his Urdu poem Josh made deep impacts. This was said by Fakhar Zaman, Chairman, Pakistan Academy of Letters on
Published 16 Jul, 2010 12:00am
International workshop held at NUST

International workshop held at NUST

Opening Ceremony of two-day international workshop "Construction Industry in Pakistan: Issues & Practices" was held at NUST - NIT (SCEE) seminar Hall the other day, said a press release issued here on Thursday. The workshop was designed to promote state-o
Published 16 Jul, 2010 12:00am
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