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Nov 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-11-17
Swiss franc lower

Swiss franc lower

The Swiss franc tracked lower against the euro and the dollar on Tuesday as rising US yields buoyed the greenback and traders bought the euro on dips as it hovered near support levels against the dollar. The single currency will remain in focus on Tuesday
Published 17 Nov, 2010 12:00am
Indian rupee near seven-week low

Indian rupee near seven-week low

The Indian rupee ended down after falling to its lowest in more than seven weeks on Tuesday, reversing early gains, after the main stock index posted its biggest single-day percentage point fall in five and half months. Persistent dollar buying by oil imp
Published 17 Nov, 2010 12:00am
Asian currencies broadly stronger

Asian currencies broadly stronger

The South Korean won and the Singapore dollar led Asian currencies higher on Tuesday as the US dollar weakened slightly, but gains were mostly limited as traders fretted over the greenback's outlook. "The market needs to know if this current dollar streng
Published 17 Nov, 2010 12:00am
Australian and New Zealand dollar down against dollar

Australian and New Zealand dollar down against dollar

The Australian and New Zealand currencies crept off two-week lows on Tuesday as a short-covering rally in the dollar eased and Australia's central bank minutes kept intact views for more rate hikes next year. The Australian dollar edged up to $0.9880, fro
Published 17 Nov, 2010 12:00am
Most Southeast Asian markets down

Most Southeast Asian markets down

Most Southeast Asian stock markets fell on Tuesday on slow global recovery concerns, a possible rate hike for China and speculation over the imposition of capital controls to tame the rise of the region's currencies. Thailand and Singapore fell 2.8 percen
Published 17 Nov, 2010 12:00am
Indian shares slide

Indian shares slide

Indian shares fell 2.2 percent to their lowest close in nearly two months on Tuesday, as world stocks weakened on risk aversion due to worries over Ireland's debt woes and talk of further monetary tightening in China. The main stock index posted its bigge
Published 17 Nov, 2010 12:00am
Nikkei average lower

Nikkei average lower

Japan's Nikkei ended slightly lower on Tuesday, losing steam after touching a five-month intraday high as profit-taking set in amid worries over the outlook for corporate profits and the impact of tighter credit in China. The Nikkei, a laggard compared to
Published 17 Nov, 2010 12:00am
Tuesday's midday trade: markets slide broadly

Tuesday's midday trade: markets slide broadly

US stocks fell broadly on Tuesday as concerns about China and Ireland sparked a move out of riskier assets and offset strong quarterly results and upbeat forecasts from major retailers Wal-Mart and Home Depot. In a risk-averse, commodity-led slide that ha
Published 17 Nov, 2010 12:00am
Wall Street slips

Wall Street slips

US stocks slipped on Monday as concerns the Federal Reserve may scale back its efforts to stimulate the economy muted optimism over two big take-over bids. The S&P 500 held above its 20-day moving average, now near 1,196 and marking a potential support le
Published 17 Nov, 2010 12:00am
Treasuries stumble

Treasuries stumble

US Treasuries fell on Monday and benchmark yields approached 3 percent as worries over the future of the Federal Reserve's $600 billion bond program unleashed a wave of selling to close out bullish bets. The sell-off was compounded as bond dealers got rid
Published 17 Nov, 2010 12:00am
Treasuries stumble

Treasuries stumble

US Treasuries fell on Monday and benchmark yields approached 3 percent as worries over the future of the Federal Reserve's $600 billion bond program unleashed a wave of selling to close out bullish bets. The sell-off was compounded as bond dealers got rid
Published 17 Nov, 2010 12:00am
Taiwan stocks rebound

Taiwan stocks rebound

Taiwan stocks rose 0.87 percent on Tuesday, with big tech names including TSMC leading a rebound from a three-week closing low the previous session amid hopes of more foreign fund inflows to the island. Taiwan's benchmark TAIEX share index closed up 71.56
Published 17 Nov, 2010 12:00am
Shanghai shares slip, Hong Kong little changed

Shanghai shares slip, Hong Kong little changed

China's key stock index fell 0.7 percent by midday on Tuesday as investors cashed in on recent gains amid lingering worries that Beijing may take fresh steps to cool a liquidity-driven asset price rally. Hong Kong's benchmark Hang Seng Index ended the mor
Published 17 Nov, 2010 12:00am
Sovereign debt worries drag European shares lower

Sovereign debt worries drag European shares lower

Europe's top shares posted on Tuesday their biggest daily drop since July 1 and their lowest close in nearly three weeks on concerns about sovereign debt in the eurozone's peripheral economies. Sentiment was knocked as Ireland came under intense pressure
Published 17 Nov, 2010 12:00am
Seoul shares slip

Seoul shares slip

Seoul shares ended lower on Tuesday with Hyundai E&C weighing, but Hana Financial rose on news the group had signed a preliminary deal to buy a controlling stake in Korea Exchange Bank. The Korea Composite Stock Price Index finished down 0.77 percent at 1
Published 17 Nov, 2010 12:00am
Worst FTSE fall since August

Worst FTSE fall since August

Britain's top share index recorded its biggest fall in three months on Tuesday as concerns over Irish government debt and the prospect of another eurozone bailout dragged banking and commodity-related stocks lower. At the close the FTSE 100 was down 138.5
Published 17 Nov, 2010 12:00am
New York cotton weaker

New York cotton weaker

US cotton futures fell Tuesday on speculative sales and switch pressure after an early boost provided by firm cotton values in No. 1 consumer China petered out, brokers said. The market remained wary of any hint that China may tighten monetary policy as p
Published 17 Nov, 2010 12:00am
US copper higher

US copper higher

Copper resisted a bearish trend across the base metals complex on Monday, ending higher on the back of strong retail sales data in the United States that pointed to brighter economic prospects in the world's largest economy. Lingering concerns about poten
Published 17 Nov, 2010 12:00am
Shanghai copper slips

Shanghai copper slips

Copper prices fell in London and Shanghai on Tuesday, along with oil and grains, as the potential for Chinese monetary policy tightening continues to drag prices off recent highs. Shanghai copper fell 1 percent to 64,310 yuan, sliding after an early rally
Published 17 Nov, 2010 12:00am
Base metals slump

Base metals slump

Base metals slumped more than five percent Tuesday, hurt by concern over fresh moves by China to cool its economy and a stronger dollar as investors grew increasingly risk-averse amid worries about eurozone debt. Benchmark copper on the London Metal Excha
Published 17 Nov, 2010 12:00am
Oil plunges three percent

Oil plunges three percent

Oil slumped 3 percent on Tuesday, falling for a third straight session due to the stronger dollar, mounting concerns about the prospect of tighter monetary policy in China and eurozone debt and economic woes. Oil's slump also came ahead of weekly oil inve
Published 17 Nov, 2010 12:00am
Tokyo rubber futures rebound

Tokyo rubber futures rebound

Tokyo rubber futures rebounded on Tuesday on the back of speculative buying after big losses the previous day but profit-taking capped gains, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for April delivery rose 4.6 yen to se
Published 17 Nov, 2010 12:00am
US sugar, coffee, cocoa rebound

US sugar, coffee, cocoa rebound

Soft commodity markets staged a recovery rally on Monday, with raw sugar up on trade and speculative buying after suffering its biggest 2-day fall in 20 years last week. Coffee and cocoa futures ran up along with sugar as players seemed to catch their bre
Published 17 Nov, 2010 12:00am
US soyabean up

US soyabean up

US soyabean futures closed higher on Monday on a technical bounce after the limit-down close on Friday due to talk China would raise interest rates over the weekend. A big soya crush number in NOPA monthly report also supportive. CBOT January up 17-1/2 ce
Published 17 Nov, 2010 12:00am
Palm oil, soyaoil tumble

Palm oil, soyaoil tumble

Palm oil and soyaoil markets tumbled on Tuesday after China unveiled plans to impose food price controls and tame inflation that has accelerated in the world's No. 2 importer of vegetable oils. Traders say China's plan to also crack down on speculation in
Published 17 Nov, 2010 12:00am
Liffe coffee and sugar down

Liffe coffee and sugar down

Liffe January robusta coffee ended $46 lower at $1,856 per tonne. Market weighed by broad-based losses in commodity markets as the dollar strengthened. Liffe March white sugar ended $10.40 lower at $666.70 per tonne, also weakened by the stronger dollar.
Published 17 Nov, 2010 12:00am
US gold higher

US gold higher

US gold futures ended higher on Monday, steadying after the previous session's biggest one-day drop in four months, as eurozone sovereign debt and technical buying helped offset a stronger dollar. COMEX December gold futures settled up $3 at $1,368.50 an
Published 17 Nov, 2010 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold was steady on Tuesday as investors continued to watch the progress of the eurozone debt crisis, with a margin hike at CME weighing on sentiment. Eurozone finance ministers will try to find a way to end Ireland's debt crisis on Tuesday, with Dublin re
Published 17 Nov, 2010 12:00am
Gold falls in Europe

Gold falls in Europe

Gold shed more than 1 percent on Tuesday, set for a third successive daily fall to its lowest in two weeks as mounting concern over Ireland's ability to repay its debt pushed the euro to six-week lows against the dollar. While gold often benefits from hei
Published 17 Nov, 2010 12:00am
US MIDDAY: sugar erases gains

US MIDDAY: sugar erases gains

Sugar futures erased earlier gains, and coffee and cocoa extended losses on Tuesday as the dollar strengthened. ICE front-month raw sugar futures had gained almost 3 percent in a short-covering rally in early trade. They later sank into negative territory
Published 17 Nov, 2010 12:00am
US MIDDAY: wheat, corn and soya down

US MIDDAY: wheat, corn and soya down

Chicago Board of Trade grain and soy complex at 9:50 a.m. CST (1550 GMT) on Tuesday. China plans price controls to tackle food inflation; crackdown on speculation in agricultural commodities. December wheat down 16 cents per bushel at $6.56-3/4. Fell as t
Published 17 Nov, 2010 12:00am
US MIDDAY: gold drops two percent

US MIDDAY: gold drops two percent

Gold prices shed more than 2 percent on Tuesday, on track for their biggest three-day loss in nearly a year, as fears over Ireland's fiscal health sent the dollar rallying against the euro, sparking a cross-asset sell-off. While gold often benefits as a r
Published 17 Nov, 2010 12:00am
Award of medals

Award of medals

While considering the grant of medals, the Council of the ICAP awarded the following gold medals for outstanding performance in the Foundation and Intermediate Examinations held in August/September 2010. ICAP Cold Medal (Ameena Khatib Foundation):
Published 17 Nov, 2010 12:00am
CA Foundation & Intermediate Exams results

CA Foundation & Intermediate Exams results

The Council of the Institute of Chartered Accountants of Pakistan has declared the results of the Foundation and Intermediate Examinations Autumn 2010, held from August 30 to September 6, 2010.

Published 17 Nov, 2010 12:00am
Compensation to Airblue crash victims

Compensation to Airblue crash victims

The families of Airblue crash victims should be provided adequate compensation by the airline in accordance with international laws. It is imperative for the government, in particular the Director General of Civil Aviation Authority and the Defence Minist
Published 17 Nov, 2010 12:00am
In South Afghan, US troops turn from battle to building

In South Afghan, US troops turn from battle to building

US Lieutenant Colonel Clay Padgett says he is proud that his troops in Afghanistan have succeeded where the Soviets failed in ousting insurgents from a key district near Kandahar. "The Soviets were never able to conquer Mahalajat," the rural area stretchi
Published 17 Nov, 2010 12:00am
Islamic banking in retrospect: Progress and review

Islamic banking in retrospect: Progress and review

By Allah's grace, Pakistan emerged as a sovereign state on August 14, 1947. The then British Government of India bifurcated the sub-continent in such a way that areas, which had strong industrial base and had well-established financial system were handed
Published 17 Nov, 2010 12:00am
Aung Suu Kyi's release and resolve for change

Aung Suu Kyi's release and resolve for change

The release of the world's most famous political prisoner, Aung San Suu Kyi, from 15 long years of house arrest marks a new beginning in Myanmar's struggle for democracy. The military junta held sham elections (the usual trick military dictators in Pakist
Published 17 Nov, 2010 12:00am
Spirit of Eid-ul Azha

Spirit of Eid-ul Azha

Eid-ul Azha is being observed in Pakistan today in circumstances unique in the country's history since its creation in 1947, in that we have never faced such heavy and multiple odds before. There has never been greater need for us to observe the spirit of
Published 17 Nov, 2010 12:00am
Medical check-up of Sheikh Afzal: constitution of medical board directed

Medical check-up of Sheikh Afzal: constitution of medical board directed

A division bench of the Lahore High Court (LHC) here on Tuesday directed services hospital medical superintendent to constitute a seven-member medical board and hold medical examination of Sheikh Afzal of Haris Steels Mills, an accused in Bank of Punjab l
Published 17 Nov, 2010 12:00am
Levy of RGST: LHC asks government to submit reply within fortnight

Levy of RGST: LHC asks government to submit reply within fortnight

The Lahore High Court called reply from the federal government within fortnight in a petition challenging the proposed levy of reformed general sales tax (RGST). The petition was moved on behalf of Save Judiciary Committee. Petitioner's counsel Chaudhry M
Published 17 Nov, 2010 12:00am
'KBD the only cheapest option to generate electricity'

'KBD the only cheapest option to generate electricity'

Kalabagh Dam is the only cheapest option to generate electricity as the project will cost one billion dollars a year and to be completed within six years, providing over 3500MW of power, said Fellow Executive Council of Institution of Electrical And Elect
Published 17 Nov, 2010 12:00am
Rescue 1122 finalises Eid-ul-Azha emergency plan

Rescue 1122 finalises Eid-ul-Azha emergency plan

The Rescue 1122 has finalised the Eidul Azha Emergency Plan for carrying out rescue activities in case of any untoward incident on the occasion of Eidul Azha. This was informed during a meeting of District Emergency Board held here under the chairmanship
Published 17 Nov, 2010 12:00am
Punjab achieves sowing target of 16.88 million acres this year

Punjab achieves sowing target of 16.88 million acres this year

Sowing on 24 percent area of the total target of 16.88 million acres fixed for the Punjab province this year has been completed. Around 4.2 million acres have already been brought under cultivation with more activity in Barani areas as compared to last ye
Published 17 Nov, 2010 12:00am
Kaira condoles death of journalist

Kaira condoles death of journalist

Punjab Finance Minister Tanvir Ashraf Kaira has expressed deep sense of sorrow and grief over the sad demise of Saud Malik, a senior journalist, and Mian Miraj Din, uncle of PML-N Quaid Muhammad Nawaz Sharif. In his condolence message the Minister prayed
Published 17 Nov, 2010 12:00am
Transporters increase inter-city bus fares

Transporters increase inter-city bus fares

Transporters have increased the inter-city bus fares in Multan, Bahawalpur and Dera Ghazi Khan. The recent surge in the inter-city fares due to fuel price hike has dampened the Eid happiness of the non-resident Multanites looking to travel to their native
Published 17 Nov, 2010 12:00am
Businessmen urged to help rehabilitate flood survivors

Businessmen urged to help rehabilitate flood survivors

Vice President of Saarc Chamber of Commerce & Industry (SCCI), Iftikhar Ali Malik on Tuesday urged the business community to fulfil its corporate social responsibility by extending maximum help to the poor in general and the victims of recent devastating
Published 17 Nov, 2010 12:00am
Cotton arrivals show 19.52 percent drop in production

Cotton arrivals show 19.52 percent drop in production

Cotton production in the country has declined by 19.52 percent as the arrivals recorded at the ginneries as on November 15 stood at 74,53,150 bales, showing a decrease of 19.52 percent from 92,61,398 bales received in the corresponding period of last year
Published 17 Nov, 2010 12:00am
Abduction, torture on journalist: LHC disposes of case

Abduction, torture on journalist: LHC disposes of case

Lahore High Court Chief Justice (CJ), Khawaja Muhammad Sharif, here on Tuesday disposed of suo motu proceeding about the abduction and torture on journalist Umar Cheema. The case was disposed as SP Jamil Ahmad Hashmi told the court that the ministry of in
Published 17 Nov, 2010 12:00am
Jamaat-i-Islami chief greets nation on Eid

Jamaat-i-Islami chief greets nation on Eid

The Jamaat-e-Islami chief, Syed Munawar Hasan, while greeting the nation on Eidul Azha, has urged the well-to-do to share their Eid pleasures with the deprived millions around them. In his Eid message, Syed Munawar Hasan said the Eidul Azha reminded us of
Published 17 Nov, 2010 12:00am
Islam gives message of peace, brotherhood: chief minister Punjab

Islam gives message of peace, brotherhood: chief minister Punjab

Punjab Chief Minister Shahbaz Sharif in his Eid message here on Tuesday said that Eidul Azha reminds us of the supreme sacrifice of Hazrat Ibrahim (PBUH) to earn the blessings of Allah Almighty. He said that Islam gives the message of peace and brotherhoo
Published 17 Nov, 2010 12:00am
Power demand matches supply on the eve of Eid

Power demand matches supply on the eve of Eid

Power demand matched with the generation capacity of the Pakistan Electric Power Company (Pepco) on Eid and ultimately brining the demand and supply gap to nil on Tuesday. According to Pepco sources, a drastic reduction in usage of air conditioners, sucki
Published 17 Nov, 2010 12:00am
Soaring livestock prices hit Eid sacrifices

Soaring livestock prices hit Eid sacrifices

Most of People will be unable to join in Eid celebrations with the traditional animal sacrifice this week as cattle prices have more than doubled in the wake of the country's fatal floods. After two months of catastrophic late summer flooding swept hundre
Published 17 Nov, 2010 12:00am
National Assembly speaker felicitates countrymen on Eid-ul-Azha

National Assembly speaker felicitates countrymen on Eid-ul-Azha

Dr Fehmida Mirza, Speaker National Assembly has extended her warm greetings to the fellow countrymen on the auspicious occasion of Eid-ul-Azha. In her message, Speaker NA said that Eid-ul-Azha reminds us of the great sacrifice laid down by Hazrat Ibrahim
Published 17 Nov, 2010 12:00am
US ambassador extends Eid greetings

US ambassador extends Eid greetings

US ambassador to Pakistan Cameron Munter and his wife Dr Marilyn Wyatt extended Eid-ul-Azha greetings to Pakistanis. In his message, the ambassador said, "On behalf of President Barack Obama, Secretary of State Hillary Clinton, the American people, and th
Published 17 Nov, 2010 12:00am
Town Municipal Admin sets up offal collection points

Town Municipal Admin sets up offal collection points

Town Municipal Administrations in the city have set up places as collection points for offal and also designated dumping points to bury offal of the sacrificial animals during Eid-ul-Azha besides establishing their emergency centres for public complaints.
Published 17 Nov, 2010 12:00am
ICCI for encouraging private sector in infrastructure development

ICCI for encouraging private sector in infrastructure development

President Islamabad Chamber of Commerce and Industry (ICCI), Mahfooz Elahi, said that in today's competitive world, modern infrastructure system plays active role in promoting the economy. He urged the government to encourage private sector for increasing
Published 17 Nov, 2010 12:00am
FTO detects FBR adjudicating officer's maladministration

FTO detects FBR adjudicating officer's maladministration

The Federal Tax Ombudsman Dr Muhammad Shoaib Suddle has detected serious maladministration committed by the adjudicating authorities of the Federal Board of Revenue (FBR) where the adjudicating officer made wrong allegations against the importer and the F
Published 17 Nov, 2010 12:00am
Stable Pakistan in interest of US, India: Robert Blake

Stable Pakistan in interest of US, India: Robert Blake

Pakistan has been the biggest victim of international terrorism and curbing militancy is in the South Asian country's own interest, a senior American official said while also noting that a stable Pakistan is in the interests of both the United States and
Published 17 Nov, 2010 12:00am
Hamdard Naunehal Assembly celebrates Allama Iqbal's birthday

Hamdard Naunehal Assembly celebrates Allama Iqbal's birthday

Hamdard Naunehal Assembly Karachi chapter has organised a function to celebrate Allama Iqbal's birthday on Monday November 15, 2010 at a local hotel. The function comprised recitation from the Holy Qur'an, Na'at, speeches, poetic tribute to Allama Iqbal a
Published 17 Nov, 2010 12:00am
Rs 21 billion cash assistance provided to 1.2 million flood survivors

Rs 21 billion cash assistance provided to 1.2 million flood survivors

National Database and Registration Authority (Nadra) has reached out to 1.2 million flood affected families and distributed Rs 21 billion have been disbursed for their rehabilitation. The amount has been distributed through 115 Watan Card centres establis
Published 17 Nov, 2010 12:00am
Talks to be started on legal status of IFRC activities

Talks to be started on legal status of IFRC activities

The government is to start negotiations with International Federation of Red Cross and Red Crescent Societies (IFRC) on the legal status of its operations in Pakistan, official sources told Business Recorder. The decision was taken by the Cabinet i
Published 17 Nov, 2010 12:00am
JF-17 fighter relishes bright prospects for aviation market: PAF Chief

JF-17 fighter relishes bright prospects for aviation market: PAF Chief

Air Chief Marshal Rao Qamar Suleman, Chief of Air Staff, Pakistan Air Force (PAF), said on Tuesday that Pakistan-China joint production JF-17 Thunder fighter jet had bright prospects in the international aviation market. It had many added features, which
Published 17 Nov, 2010 12:00am
Canada donates $46.8 million for flood relief

Canada donates $46.8 million for flood relief

Canada on Tuesday announced matching an equivalent amount to the 46.8 million dollars collected by its individual citizens for the flood-affected in Pakistan and donating it to the Pakistan Flood Relief Fund. Canadian Minister of International Co-operatio
Published 17 Nov, 2010 12:00am
900 families get German NGO food package

900 families get German NGO food package

German Aid for Afghan Children (GAAC), a non-governmental organisation (NGO) distributed food packages amongst 900 flood-affected families of Madiyan, district Swat. President, GAAC, Dr Eroes Rienhard distributed the relief goods during his visit to the f
Published 17 Nov, 2010 12:00am
Railways workers protest against non-payment of salaries

Railways workers protest against non-payment of salaries

Pakistan Railway workers, while protesting against delay in payment of salaries, Tuesday disrupted train service and delayed departure of Karachi Cantonment bound 14th Downing Train, known as Awami Express, for a period of three hours. The departure could
Published 17 Nov, 2010 12:00am
International Day for Tolerance observed

International Day for Tolerance observed

The International Day for Tolerance was observed in the world including Pakistan on Tuesday with the pledge to educate all and sundry about tolerance, human rights and fundamental rights. According to private news channel, different programmes and seminar
Published 17 Nov, 2010 12:00am
Islamabad police arrest 84 outlaws

Islamabad police arrest 84 outlaws

Islamabad Police during search operation to nab the suspected and anti-social elements have arrested 84 outlaws and recovered illegal arms, drugs, liqueur and stolen items from their possession. During search operation one Kalashnikove, five pistols, two
Published 17 Nov, 2010 12:00am
UN says Kashmir remains on UNSC's agenda

UN says Kashmir remains on UNSC's agenda

The Jammu and Kashmir dispute remains on the United Nations Security Council's agenda, a UN spokesman categorically stated Monday, while rejecting as "inaccurate" reports that it has been removed from the list of unresolved issues.
Published 17 Nov, 2010 12:00am
Intel lower prices of SSDs for Eid

Intel lower prices of SSDs for Eid

Just in time for the Eid buying season, Intel Corporation has lowered prices and introduced a new model of its award-winning Intel(r) Solid-State Drive (SSD) product line. SSDs can replace hard disk drives in a PC and provide a substantial performance boo
Published 17 Nov, 2010 12:00am
Siemens donates over 30 diesel generating sets to Army

Siemens donates over 30 diesel generating sets to Army

Siemens Pakistan has donated more than 30 diesel generating sets of various ratings worth Rs 30 million to Pakistan army. These sets will be used to supply power to medical camps and help provide power to pumping motors to pump out water still stagnating
Published 17 Nov, 2010 12:00am
Governor Punjab calls on Interior Minister

Governor Punjab calls on Interior Minister

Governor Punjab Salman Taseer called on Interior Minister Rehman Malik on Tuesday and discussed with him current political situation, security and law and order in the country. According to a press release issued here, Governor Punjab gave some suggestion
Published 17 Nov, 2010 12:00am
Flood survivors assured of every assistance

Flood survivors assured of every assistance

Sindh Finance Minister, Syed Murad Ali Shah, has assured flood affectees of every help and assistance to them from the government. A statement here on Tuesday said that this assurance was given by him during a visit to various flood effected villages near
Published 17 Nov, 2010 12:00am
Public policy and regulation: ACCA symposium on November 24 and 25

Public policy and regulation: ACCA symposium on November 24 and 25

The economic, political and environmental situation has exposed the shortcomings in the way the public policy and regulations have developed in areas such as financial regulation, financial reporting, corporate transparency, climate change and assurance p
Published 17 Nov, 2010 12:00am
27 percent rise in Karachi RTO direct taxes receipts

27 percent rise in Karachi RTO direct taxes receipts

The Karachi Regional Tax Office (RTO) recorded 27 percent growth in direct tax collection during July-October 2010 period. According to provisional statistics made available to Business Recorder here on Tuesday, the RTO collected Rs 40.082 billion
Published 17 Nov, 2010 12:00am
NAB chairman visits Sindh offices

NAB chairman visits Sindh offices

The Chairman, National Accountability Bureau (NAB), Former Justice Syed Deedar Hussain Shah, visited the office of NAB Sindh. According to a statement of the NAB office issued here on Tuesday, the NAB chief acquainted himself with operational and administ
Published 17 Nov, 2010 12:00am
US Consulate official distributes gifts among children at NICH

US Consulate official distributes gifts among children at NICH

An official of the US Consulate General in Karachi on Tuesday distributed toys among the children admitted at the National Institute of Child Health (NICH), Karachi. A statement said that Sarah Alam, Cultural Affairs Specialist at the Consulate, distribut
Published 17 Nov, 2010 12:00am
KSE announces Eid holidays

KSE announces Eid holidays

Karachi Stock Exchange (KSE) will remain closed from Wednesday, November 17, 2010 to Friday, November 19, 2010 on account of Eid-ul-Azha. According to a KSE notice issued here on Tuesday, the exchange will reopen on Monday November 22, 2010.
Published 17 Nov, 2010 12:00am
Smuggling of 53 falcons: Punjab chief minister forms probe body

Smuggling of 53 falcons: Punjab chief minister forms probe body

Punjab Chief Minister Shahbaz Sharif has formed a high level inquiry committee headed by Additional Chief Secretary Muhammad Sami Saeed to look into the delay and adopting unnecessary formalities by the Wildlife Department in taking action against the acc
Published 17 Nov, 2010 12:00am
Alternate energy technology: ZTBL, Chinese firm sign MoU

Alternate energy technology: ZTBL, Chinese firm sign MoU

Zarai Taraqiati Bank Ltd (ZTBL) and Chinese firm M/s Xi'an Chaoguang Electronic Technology Co here on Tuesday signed a Memorandum of understanding (MoU) for introduction/promotion of alternate energy technology, ie Solar/LED lights and Nano ceramics lamps
Published 17 Nov, 2010 12:00am
UK settles out of court with former Guantanamo inmates

UK settles out of court with former Guantanamo inmates

Britain has reached an out-of-court settlement with a group of former detainees of the US military prison at Guantanamo Bay, to prevent what could have become a series of costly and potentially embarrassing legal battles. British media reported that the g
Published 17 Nov, 2010 12:00am
UK settles out of court with former Guantanamo inmates

UK settles out of court with former Guantanamo inmates

Britain has reached an out-of-court settlement with a group of former detainees of the US military prison at Guantanamo Bay, to prevent what could have become a series of costly and potentially embarrassing legal battles. British media reported that the g
Published 17 Nov, 2010 12:00am
Rolls-Royce scrambles for A380 engines, delays seen

Rolls-Royce scrambles for A380 engines, delays seen

British enginemaker Rolls-Royce has asked Airbus to return Trent 900 engines from A380 superjumbo production lines so they can be used to replace faulty ones on aircraft already in service. The Airbus A380 - the world's largest passenger aircraft with an
Published 17 Nov, 2010 12:00am
FIA asked to arrest Niazi, others without any delay

FIA asked to arrest Niazi, others without any delay

The Supreme Court on Tuesday directed Director General Federal Investigation Agency (FIA) to arrest the main culprits in National Insurance Company Limited (NICL) scam, including former NICL chairman Ayaz Khan Niazi and Mohsin Warraich without any delay.
Published 17 Nov, 2010 12:00am
FIA asked to arrest Niazi, others without any delay

FIA asked to arrest Niazi, others without any delay

The Supreme Court on Tuesday directed Director General Federal Investigation Agency (FIA) to arrest the main culprits in National Insurance Company Limited (NICL) scam, including former NICL chairman Ayaz Khan Niazi and Mohsin Warraich without any delay.
Published 17 Nov, 2010 12:00am
FIA asked to arrest Niazi, others without any delay

FIA asked to arrest Niazi, others without any delay

The Supreme Court on Tuesday directed Director General Federal Investigation Agency (FIA) to arrest the main culprits in National Insurance Company Limited (NICL) scam, including former NICL chairman Ayaz Khan Niazi and Mohsin Warraich without any delay.
Published 17 Nov, 2010 12:00am
Stalled cotton import: Minister to lead team to New Delhi

Stalled cotton import: Minister to lead team to New Delhi

The government is using diplomatic channels to successfully persuade the Indian government to meet its contractual obligations in respect of export of 1.2 million cotton bales to Pakistan. Pakistani importers negotiated import of 1.2 million bales with In
Published 17 Nov, 2010 12:00am
Stalled cotton import: Minister to lead team to New Delhi

Stalled cotton import: Minister to lead team to New Delhi

The government is using diplomatic channels to successfully persuade the Indian government to meet its contractual obligations in respect of export of 1.2 million cotton bales to Pakistan. Pakistani importers negotiated import of 1.2 million bales with In
Published 17 Nov, 2010 12:00am
Stalled cotton import: Minister to lead team to New Delhi

Stalled cotton import: Minister to lead team to New Delhi

The government is using diplomatic channels to successfully persuade the Indian government to meet its contractual obligations in respect of export of 1.2 million cotton bales to Pakistan. Pakistani importers negotiated import of 1.2 million bales with In
Published 17 Nov, 2010 12:00am
Venezuela to open ''''socialist'''' securities exchange

Venezuela to open ''''socialist'''' securities exchange

In what President Hugo Chavez described as a blow for "vampire" capitalism, Venezuela will next month open a state-run stock and bond exchange aimed at financing public companies and wooing middle class voters. The government''''s official gazette on Mond
Published 17 Nov, 2010 12:00am
Venezuela to open ''socialist'' securities exchange

Venezuela to open ''socialist'' securities exchange

In what President Hugo Chavez described as a blow for "vampire" capitalism, Venezuela will next month open a state-run stock and bond exchange aimed at financing public companies and wooing middle class voters. The government''s official gazette on Monday
Published 17 Nov, 2010 12:00am
Venezuela to open 'socialist' securities exchange

Venezuela to open 'socialist' securities exchange

In what President Hugo Chavez described as a blow for "vampire" capitalism, Venezuela will next month open a state-run stock and bond exchange aimed at financing public companies and wooing middle class voters. The government's official gazette on Monday
Published 17 Nov, 2010 12:00am
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