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Print - 2010-11-26
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (November 25, 2010).

Published 26 Nov, 2010 12:00am
Index sheds 19.49 points

Index sheds 19.49 points

Bearish trend continued at the local share market on Thursday and the KSE-100 index lost another 19.49 points to close at the level of 11,135.34 points. The market opened on a positive note and the index hits 11,228.07 points intra-day high level, up 73.2
Published 26 Nov, 2010 12:00am
Prime Minister discusses regional issues with Putin

Prime Minister discusses regional issues with Putin

Prime Min-ister Syed Yousuf Raza Gilani and his Russian counterpart Vladimir Putin met here on Thursday and discussed bilateral, regional and international matters of mutual interest.
Published 26 Nov, 2010 12:00am
Prime Minister discusses regional issues with Putin

Prime Minister discusses regional issues with Putin

Prime Min-ister Syed Yousuf Raza Gilani and his Russian counterpart Vladimir Putin met here on Thursday and discussed bilateral, regional and international matters of mutual interest.
Published 26 Nov, 2010 12:00am
Prime Minister discusses regional issues with Putin

Prime Minister discusses regional issues with Putin

Prime Min-ister Syed Yousuf Raza Gilani and his Russian counterpart Vladimir Putin met here on Thursday and discussed bilateral, regional and international matters of mutual interest.
Published 26 Nov, 2010 12:00am
Pakistan, China vow to strengthen strategic ties

Pakistan, China vow to strengthen strategic ties

Prime Minister Yousuf Raza Gilani and Chinese Premier Wen Jiabao on Thursday reiterated the resolve to further strengthen their strategic bilateral ties in trade, economy, energy, defence and other areas.
Published 26 Nov, 2010 12:00am
Two percent power tariff hike by first week of December planned

Two percent power tariff hike by first week of December planned

The Ministry of Water and Power plans to increase power tariff by 2 percent in the first week of next month (December) as per agreement with the international financial institutions, well-informed sources told Business Recorder.
Published 26 Nov, 2010 12:00am
Pakistan, China vow to strengthen strategic ties

Pakistan, China vow to strengthen strategic ties

Prime Minister Yousuf Raza Gilani and Chinese Premier Wen Jiabao on Thursday reiterated the resolve to further strengthen their strategic bilateral ties in trade, economy, energy, defence and other areas.
Published 26 Nov, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (November 25, 2010).

Published 26 Nov, 2010 12:00am
Pakistan, China vow to strengthen strategic ties

Pakistan, China vow to strengthen strategic ties

Prime Minister Yousuf Raza Gilani and Chinese Premier Wen Jiabao on Thursday reiterated the resolve to further strengthen their strategic bilateral ties in trade, economy, energy, defence and other areas.
Published 26 Nov, 2010 12:00am
NJLI MEESEQ Fund Rates

NJLI MEESEQ Fund Rates

NJLI Meeseq Fund Rates on Thursday (November 25, 2010).

Published 26 Nov, 2010 12:00am
Gilani seeks full SCO membership

Gilani seeks full SCO membership

Prime Minister Syed Yousuf Raza Gilani while reiterating Pakistan''s sincere desire for active participation in the economic development of region under the SCO on Thursday called for early up-gradation of the country''s status as full member of the impor
Published 26 Nov, 2010 12:00am
Gilani seeks full SCO membership

Gilani seeks full SCO membership

Prime Minister Syed Yousuf Raza Gilani while reiterating Pakistan's sincere desire for active participation in the economic development of region under the SCO on Thursday called for early up-gradation of the country's status as full member of the importa
Published 26 Nov, 2010 12:00am
Gilani seeks full SCO membership

Gilani seeks full SCO membership

Prime Minister Syed Yousuf Raza Gilani while reiterating Pakistan's sincere desire for active participation in the economic development of region under the SCO on Thursday called for early up-gradation of the country's status as full member of the importa
Published 26 Nov, 2010 12:00am
Euro struggles in Asia

Euro struggles in Asia

The euro struggled near a two-month low as the eurozone debt crisis showed signs of spilling over from Ireland to other countries even after Ireland unveiled an ambitious austerity plan.
Published 26 Nov, 2010 12:00am
The downside of agriculture subsidies

The downside of agriculture subsidies

Kissan Board Pakistan has threatened to stage a growers sit-in outside all the assemblies if government withdraws the present subsidisation of electric power supply to tubewells. The farmers' group has also demanded that the price of fertiliser should be
Published 26 Nov, 2010 12:00am
India's shining not so bright

India's shining not so bright

The 'Shining India' is not all that brightly shining as some would like us to believe. In fact, the size of its corruption industry is much bigger than what we have in Pakistan. Last month, Prime Minister Manmohan Singh was battling for his political life
Published 26 Nov, 2010 12:00am
RGST: fait accompli?

RGST: fait accompli?

The collective failure to act prudently creates certain things as fait accompli in a nation's life. The General Sales Tax Bill 2010, ready to be imposed soon on the dictates of the International Monetary Fund (IMF) as a precondition for release of the rem
Published 26 Nov, 2010 12:00am
Tax on agriculture

Tax on agriculture

International financial and monetary institutions and watchdogs of economic and fiscal policies have been persistently demanding that the government widen the base of the tax network in Pakistan. This initiative has to be taken particularly for reducing i
Published 26 Nov, 2010 12:00am
GST reforms to bring self-esteem

GST reforms to bring self-esteem

The government says, quite rightly, that the RGST (Reformed General Sales Tax) is not a new tax other than that it is a rationalised form of the two-decade-old GST that is being reformed to bring about macroeconomic stability, side by side with catering t
Published 26 Nov, 2010 12:00am
Karkey Rental Power Ship: clarification

Karkey Rental Power Ship: clarification

This is with reference to a Business Recorder research report of 23.11.2010 titled "Turkish RPP: it's old and expensive" along with BR editorial of 22.11.2010 titled "Power ship arrives: beggars can't be choosers" - which have negatively targeted p
Published 26 Nov, 2010 12:00am
Gold little changed in Europe

Gold little changed in Europe

Gold was little changed on Thursday, lacking strong impetus due to the US Thanksgiving holiday but backed up by some safe-haven buying amid Europe's debt crisis and heightened tensions between North and South Korea. The dollar, which traditionally has an
Published 26 Nov, 2010 12:00am
Gold inches down in Asia

Gold inches down in Asia

Gold edged down in thin trade on Thursday after encouraging US jobless claims data calmed some worries about economic growth, but concerns over tensions on the Korean peninsula could offer some support. Bullion barely reacted to news that Vietnam's centra
Published 26 Nov, 2010 12:00am
US gold lower

US gold lower

US gold futures ended lower on Wednesday as safe-haven demand faded after better-than-expected US jobless claims data allayed some worries about economic growth. COMEX December gold futures settled down $4.6 at $1,373 an ounce on the COMEX division of the
Published 26 Nov, 2010 12:00am
US soyabeans higher

US soyabeans higher

US soyabean futures closed higher on Wednesday amid brisk demand for cash soyabean including news of a big sale of US soyabean to China and support from concerns about dry weather in portions of South America's crop region. Also support from a rebound in
Published 26 Nov, 2010 12:00am
Tokyo rubber futures up

Tokyo rubber futures up

Tokyo rubber futures edged up on Thursday after being dragged lower the previous day by heightened tensions on the Korean Peninsula, but the market lacked strength ahead of the US Thanksgiving holiday, traders said. The most active April contract, the pre
Published 26 Nov, 2010 12:00am
Copper gains, tight supplies in focus

Copper gains, tight supplies in focus

Copper rose on Thursday as support from persistent supply concerns and a bout of upbeat US data offset investor worries about the potential of sovereign debt problems spreading in the eurozone. Copper for three-months delivery on the London Metal Exchange
Published 26 Nov, 2010 12:00am
Shanghai copper lower

Shanghai copper lower

Copper prices drifted on Thursday as uncertainties in Ireland and Korea peninsula continued to weigh, but optimistic US data that suggested a steady recovery could be on its way supported prices. Market sentiment was cautious as traders were reluctant to
Published 26 Nov, 2010 12:00am
US copper up

US copper up

Copper closed firm on Wednesday, tracking a positive tone in equity markets, after a batch of generally upbeat data in the United States reinforced healthier economic recovery prospects in the world's largest economy. COMEX copper for December delivery cl
Published 26 Nov, 2010 12:00am
Oil rises in light volume; Europe debt, China in focus

Oil rises in light volume; Europe debt, China in focus

Oil inched up on Thursday, holding a tight range in thin trading due to a US holiday, with the upside capped by persistent worries about the eurozone and concerns about China's inflation prospects. By 1437 US crude for January was up 46 cents at $84.32 a
Published 26 Nov, 2010 12:00am
Liffe cocoa and coffee fall

Liffe cocoa and coffee fall

Cocoa futures on Liffe fell on Thursday, weighed by producer selling of main crop cocoa out of West Africa, while robusta coffee edged lower on an ample harvest in Vietnam, and sugar firmed. Volumes in Liffe soft commodity markets were modest as ICE raw s
Published 26 Nov, 2010 12:00am
Malaysian palm oil stays higher

Malaysian palm oil stays higher

Malaysian palm oil futures advanced for a second day on Thursday as export data signalled a strong recovery in demand at a time when heavy rains may curb production. Strong Chinese demand for US soyabeans, which are crushed into oils, also lifted vegetabl
Published 26 Nov, 2010 12:00am
New York sugar jumps

New York sugar jumps

Sugar futures closed higher on follow-through trade and fund buying on Wednesday, with an additional boost from demand in China, in light dealing a day before the US Thanksgiving holiday. Coffee futures reversed lower after the market's recovery late on T
Published 26 Nov, 2010 12:00am
CME plans eight senior hires in London

CME plans eight senior hires in London

CME Group Inc, the US futures exchange, plans to hire eight senior executives in London as part of its move into European clearing. The Chicago Mercantile Exchange, the largest derivatives market in North America, wants to hire one managing director, two
Published 26 Nov, 2010 12:00am
Maliki named Iraqi Prime Minister for second term

Maliki named Iraqi Prime Minister for second term

Nuri al-Maliki called for unity among Iraq's factions on Thursday after he was named for a second term as prime minister, signalling an end may be in sight to an eight-month political impasse. President Jalal Talabani's nomination of Maliki, delayed to gi
Published 26 Nov, 2010 12:00am
EU parliament urges Iraq to spare Aziz

EU parliament urges Iraq to spare Aziz

The European Parliament urged Iraq on Thursday to drop a death sentence against Saddam-era minister Tareq Aziz, warning that killing him would "do little to improve the climate of violence." The parliament adopted a resolution reiterating its opposition t
Published 26 Nov, 2010 12:00am
Five Somalis convicted in US of piracy - first in 190 years

Five Somalis convicted in US of piracy - first in 190 years

A US federal jury on Wednesday convicted five Somalis of attacking a US Navy ship in the first piracy conviction in the United States in 190 years, the Justice Department said. The five men face a mandatory life sentence at a hearing scheduled for March 1
Published 26 Nov, 2010 12:00am
Turkey's government suspends generals linked to coup plot

Turkey's government suspends generals linked to coup plot

Turkey's government has suspended two generals and an admiral charged over an alleged coup plot, the military said Thursday, in what appeared to be a rekindled clash between army and government. The three men, suspended from office Monday, have asked a mi
Published 26 Nov, 2010 12:00am
British students stage sit-ins after violent fees protest

British students stage sit-ins after violent fees protest

British students occupied university buildings Thursday to show their anger at government plans to triple fees, as leaders vowed to follow up violent protests in London with new rallies next week. Oxford University, University College London and Cardiff U
Published 26 Nov, 2010 12:00am
Russia to expand foreign naval bases: Medvedev

Russia to expand foreign naval bases: Medvedev

President Dmitry Medvedev said Thursday that Russia intended to expand the number of its foreign naval bases as it tries to catch up with the military capabilities of the West. Medvedev conceded at a meeting with Russia's top brass that the country was lo
Published 26 Nov, 2010 12:00am
Cambodia holds day of mourning for stampede dead

Cambodia holds day of mourning for stampede dead

Cambodia's prime minister led an emotional memorial ceremony Thursday at the site of a bridge stampede in the capital that killed almost 350 people in the worst national tragedy for decades. Hun Sen, dressed in black, wiped away a tear and burnt incense a
Published 26 Nov, 2010 12:00am
British Prime Minister unveils 'happiness index'

British Prime Minister unveils 'happiness index'

British Prime Minister David Cameron defended Thursday a new index aimed at measuring the population's social and environmental wellbeing rather than just its wealth. Cameron denied the scheme was "airy-fairy and impractical" and rejected criticisms that
Published 26 Nov, 2010 12:00am
Obama urges bipartisanship on Thanksgiving

Obama urges bipartisanship on Thanksgiving

President Barack Obama said that the United States was "hurting" Thursday as he used a Thanksgiving address to call for support for US troops and co-operation from his rivals in a divided Washington. "This is not the hardest Thanksgiving America has ever
Published 26 Nov, 2010 12:00am
Nigerian court charges Iranian over arms shipment

Nigerian court charges Iranian over arms shipment

A court in Nigeria on Thursday charged an alleged member of Iran's Revolutionary Guards and three Nigerians over a shipment of mortars and rockets seized in the main port of Lagos last month. Nigeria reported the seizure of the shipment - including rocket
Published 26 Nov, 2010 12:00am
South Korea defence minister quits after attack

South Korea defence minister quits after attack

South Korea's defence minister resigned on Thursday, two days after an attack by North Korea and amid criticism that the South's response was too slow. Kim Tae-young became the first political victim of the attack as China expressed muted criticism of for
Published 26 Nov, 2010 12:00am
Students swarm Leaning Tower of Pisa, Colosseum

Students swarm Leaning Tower of Pisa, Colosseum

Italian students swarmed into the Colosseum in Rome and the Leaning Tower of Pisa on Thursday as part of nation-wide protests against proposed budget cuts in the university system. Tourists caught up in the protest in Pisa were evacuated from the medieval
Published 26 Nov, 2010 12:00am
Poorest countries stuck in boom-bust cycle: UN

Poorest countries stuck in boom-bust cycle: UN

The world's poorest countries are trapped in boom-bust cycles and their medium-term prospects are a cause for concern, the United Nations Conference on Trade and Development said in a report issued on Thursday. The 49 states categorised as least developed
Published 26 Nov, 2010 12:00am
UK gives go-ahead to $9.5 billion Thameslink rail spend

UK gives go-ahead to $9.5 billion Thameslink rail spend

Britain announced billions of pounds of investment in its rail network but delayed a decision on how to replace ageing Intercity express trains. The government said on Thursday its investment would cut overcrowding, but was criticised by the opposition La
Published 26 Nov, 2010 12:00am
Qatar Air slams Boeing, may buy more Airbus

Qatar Air slams Boeing, may buy more Airbus

The head of Qatar Airways criticised Boeing and Canada's Bombardier over problems with plane developments on Thursday and threatened to shift extra business to European group Airbus. Chief Executive Akbar Al Baker said Boeing had "failed" in development o
Published 26 Nov, 2010 12:00am
Computerised trades in EU face tougher rules

Computerised trades in EU face tougher rules

Britain and France flagged on Thursday a looming crackdown on ultra-fast share trading that featured in May's brief "flash crash" freefall on Wall Street, alarming regulators and investors globally. French Economy Minister Christine Lagarde said a form of
Published 26 Nov, 2010 12:00am
China's current account surplus above Geithner's goal

China's current account surplus above Geithner's goal

China's current account surplus in the third quarter doubled from a year earlier to $102.3 billion, leaving it adrift of the cap of four percent of GDP floated by US Treasury Secretary Timothy Geithner. The surplus for the first three quarters, largely ma
Published 26 Nov, 2010 12:00am
Toyota still in 'crisis' one year after recalls

Toyota still in 'crisis' one year after recalls

The world's top automaker Toyota remains in "crisis" mode a year after being hit by the first wave of more than 12 million recalls, a report said Thursday. Shinichi Sasaki, the board member at the car giant responsible for quality, told the Financial Time
Published 26 Nov, 2010 12:00am
FSA charges five with Blue Index insider dealing

FSA charges five with Blue Index insider dealing

Five people connected with defunct brokerage Blue Index were charged with insider dealing by the UK's Financial Services Authority in the latest sign the watchdog intends to crack down on market abusers. The FSA said on Thursday it had charged former owne
Published 26 Nov, 2010 12:00am
Thousands protest tax law changes in Ukraine

Thousands protest tax law changes in Ukraine

About 6,000 people gathered in Ukraine's capital Thursday on the fourth day of demonstrations against tax law changes, part of the largest nation-wide wave of protests since the Orange Revolution of 2004. The demonstrators set up tents in Kiev reminiscent
Published 26 Nov, 2010 12:00am
No risk of eurozone breakup in Irish crisis: EU

No risk of eurozone breakup in Irish crisis: EU

Eurozone leaders dismissed any risk of the single currency area breaking up after financial markets, alarmed by Ireland's debt crisis, forced the borrowing costs of Portugal and Spain to record highs. German Chancellor Angela Merkel, seeking to sooth mark
Published 26 Nov, 2010 12:00am
Merkel talks down chances of Russia-EU free trade zone

Merkel talks down chances of Russia-EU free trade zone

German Chancellor Angela Merkel Thursday talked down the chances of a Russia-EU free trade zone ahead of a visit by Prime Minister Vladimir Putin who has floated the idea. "Of course we support the idea of a free trade zone between the EU and Russia but I
Published 26 Nov, 2010 12:00am
Vodafone faces billion-dollar Indian charge

Vodafone faces billion-dollar Indian charge

Vodafone and other mobile phone companies operating in India could be forced to pay more than one billion dollars (750 million euros) each to the government, officials told Thursday's Financial Times. The Indian government came under fire for the alleged
Published 26 Nov, 2010 12:00am
EU parliament raises stakes in 2011 budget battle

EU parliament raises stakes in 2011 budget battle

European Union lawmakers raised the stakes on Thursday in their fight with governments over the bloc's 2011 budget by voting to push ahead with demands on the legislature's powers in future negotiations on spending. Negotiations between the European Parli
Published 26 Nov, 2010 12:00am
Position holders honoured

Position holders honoured

DMS Ladies' Forum hosted an event to honour the achievements of Mehreen Salim and other students of General Group, first class third position holders in secondary school examination. The evening was presided over by renowned educationalist, Abida Saliheen
Published 26 Nov, 2010 12:00am
Suspension period of 16 companies extended by KSE

Suspension period of 16 companies extended by KSE

The management of the Karachi Stock Exchange (KSE) has decided to extend suspension of trading in the shares of 16 listed companies for a further period of 60 days or until such time as the causes of suspension are removed. In separate notices, the KSE sa
Published 26 Nov, 2010 12:00am
Security tightened around Sindh Assembly building

Security tightened around Sindh Assembly building

Fear-stricken Sindh government on Thursday tightened security inside the provincial secretariat to thwart possible terror attacks. After declaring provincial assembly (PA) building a Red Zone, Sindh government has tightened security of adjoining governmen
Published 26 Nov, 2010 12:00am
Anti-people policies pushing country towards destruction: KCCI chief

Anti-people policies pushing country towards destruction: KCCI chief

Today the economy is witnessing its darkest moment. Post-flood era, a time when unanimous efforts are strongly needed to strengthen the country's economy, government is making itself unpopular with irrational and sloppy policies and infuriating common man
Published 26 Nov, 2010 12:00am
Senator Hasib calls for imposing agriculture tax

Senator Hasib calls for imposing agriculture tax

Senator Abdul Hasib Khan has emphasised the need of imposing tax on agriculture income. Talking to Business Recorder from Islamabad, he said that he pleaded in Senate that number of ministers should be curtailed to reduce government expenses.
Published 26 Nov, 2010 12:00am
APPMA constitutes Standing Committees

APPMA constitutes Standing Committees

All Pakistan Paper Merchant Association (APPMA) has constituted Standing Committees for the year 2010-11. The association has appointed Mohammad Ahmed as chairman and Khawar Saeed Butt of Reformed General Sales Tax committee.
Published 26 Nov, 2010 12:00am
Small traders warn government of protests against RGST

Small traders warn government of protests against RGST

What incentives will the already dwindling cottage industry will receive in return for paying reformed general sales tax (RGST)?, asked small traders Thursday, after the government sped up its efforts to muster support for the tax bill to be presented in
Published 26 Nov, 2010 12:00am
RGST bill mere replica of VAT Act 2010: Parekh

RGST bill mere replica of VAT Act 2010: Parekh

Bureaucracy has failed to come up with pragmatic reforms in GST, as it is a complete replica of VAT Act 2010, which the government tried to introduce in the last Finance Bill, said Saleem Parekh, Chairman, Pakistan Hosiery Manufacturing and Exporters Asso
Published 26 Nov, 2010 12:00am
MTI wins 'The Training and Crewing Award'

MTI wins 'The Training and Crewing Award'

The Maritime Training Institute (MTI), Karachi of "M" International Group has won the prestigious Lloyd's List Middle East and Indian Sub-Continental awards. The awards event was held recently in Dubai, UAE which was marked by awards' winners and largely
Published 26 Nov, 2010 12:00am
ACCA organises Accountancy Futures Symposium

ACCA organises Accountancy Futures Symposium

ACCA Pakistan organised Accountancy Futures Symposium at a local hotel. The two-day event aimed to surface the challenges facing businesses and in particular the accountancy profession through an exciting mix of four discussions on The Value of Audit in t
Published 26 Nov, 2010 12:00am
Pakistan win back hockey gold after 20 years

Pakistan win back hockey gold after 20 years

Fired-up Pakistan annexed the Asian Games men's hockey gold medal after 20 years with a convincing 2-0 win over Malaysia in the final on Thursday. Veteran Sohail Abbas put Pakistan ahead with his team's first penalty corner in the 26th minute, before stri
Published 26 Nov, 2010 12:00am
Afghanistan stun Pakistan, face Bangladesh in final

Afghanistan stun Pakistan, face Bangladesh in final

Afghanistan beat Pakistan by 22 runs on Thursday to reach the final of the Asian Games cricket tournament as the war-torn nation's battling team continued their fairytale rise in the sport. In Friday's final, they will face Bangladesh, who eased past a di
Published 26 Nov, 2010 12:00am
Federer through to semis at Tour finale

Federer through to semis at Tour finale

Roger Federer produced some exhibition tennis to beat Robin Soderling 7-6 6-3 on Thursday and become the first player through to the semi-finals of the ATP World Tour Finals. The Swiss world number two, bidding for a record-equalling fifth title at the lu
Published 26 Nov, 2010 12:00am
Siddle rocks England with hat-trick

Siddle rocks England with hat-trick

Peter Siddle celebrated a hat-trick and career-best Test figures on his birthday to bowl Australia into a commanding position against England after the opening day of the first Ashes Test at the Gabba Thursday. The stout-hearted Victorian paceman sent Eng
Published 26 Nov, 2010 12:00am
Part-timer Dilshan puts West Indies in spin

Part-timer Dilshan puts West Indies in spin

Part-time spinner Tillakaratne Dilshan bagged two wickets in one over in fading light to boost Sri Lanka's hopes of gaining the lead in the second Test against the West Indies on Thursday. The off-spinner dismissed well-set Darren Bravo (80) and Brendan N
Published 26 Nov, 2010 12:00am
Pakistan halt Malaysia's squash golden sweep

Pakistan halt Malaysia's squash golden sweep

Aamir Atlas Khan avenged his singles final loss to Mohamad Azlan Iskandar as Pakistan won the men's team title Thursday, preventing Malaysia from sweeping the Asian Games squash golds. But world number one Nicol David grabbed her fourth Asiad gold medal a
Published 26 Nov, 2010 12:00am
Intikhab sees progress for Pakistan cricket

Intikhab sees progress for Pakistan cricket

Manager Intikhab Alam on Thursday expressed confidence that Pakistan cricket was heading in the right direction after drawing the two-Test series against South Africa. Both Tests were drawn and Alam believes this will establish a solid platform for his te
Published 26 Nov, 2010 12:00am
Rs five million cash prize for team

Rs five million cash prize for team

Minister for Sports, Mir Ejaz Hussain Jakhrani was brimming with delight, like the rest of the nation, after Pakistan won back-to-back gold medals in hockey and squash at the 16th Asian Games at Guangzhou (China) on Thursday.
Published 26 Nov, 2010 12:00am
Hockey team's win sparks jubilation across country

Hockey team's win sparks jubilation across country

The victory of Pakistan hockey team in the Asian Games men's hockey final with a convincing 2-0 win over Malaysia sparked jubilation all over the country on Thursday. To celebrate the victory, hockey fans distributed sweets and danced over drumbeats.
Published 26 Nov, 2010 12:00am
Hockey team congratulated

Hockey team congratulated

Khushbakht Shujaat, MNA and Chairperson Pakistan Hockey Federation (PHF) Women Wing has congratulated national hockey team, President, PHF, Qasim Zia, General Secretary Asif Bajwa and team coach for winning gold medal after 20 years at the Asian Games in
Published 26 Nov, 2010 12:00am
China win boxing, basketball golds

China win boxing, basketball golds

World champion Maryam Jamal failed dismally in her bid for a middle distance double Wednesday as a fired-up Pakistan won its first men's Asian Games hockey gold in 20 years. On Day 13, China has its sights firmly set on shattering its best-ever gold medal
Published 26 Nov, 2010 12:00am
Dollar funding costs rise

Dollar funding costs rise

The benchmark interbank cost of borrowing dollars rose on Thursday, reflecting the increasing difficulty some eurozone institutions have raising funds as US banks grow wary of the spreading crisis in Europe. The debt and banking problems facing the eurozo
Published 26 Nov, 2010 12:00am
Won turns higher

Won turns higher

The won returned on Thursday to the level against the dollar held before this week's deadly North Korean attack on a South Korean island, leading a slight rise in Asian currencies.
Published 26 Nov, 2010 12:00am
Indian rupee gains

Indian rupee gains

The Indian rupee strengthened on Thursday as exporters and corporates sold dollars after stops got triggered, prompting banks to liquidate long dollar positions with inflows towards an upcoming share sale also helping.
Published 26 Nov, 2010 12:00am
Australian and New Zealand dollars fall

Australian and New Zealand dollars fall

The Australian dollar fell in choppy trade on Thursday on a host of reasons, including mixed domestic data, policy doubts in China, uncertainties in Europe and the Korean peninsula led nervous investors to shun risk.
Published 26 Nov, 2010 12:00am
Swiss franc down versus euro

Swiss franc down versus euro

The Swiss franc was slightly weaker against the euro on Thursday in thin holiday trading as the single currency came off two-week lows against the Swissie despite continuing concerns about eurozone debt.
Published 26 Nov, 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. 70.35/70.35 (previous 70.34/70.35). Call Money Rates: 5.50-12.00 percent (previous 5.00-25.00 percent).
Published 26 Nov, 2010 12:00am
Euro falls versus dollar in New York trade

Euro falls versus dollar in New York trade

Worries that Ireland's fiscal crisis could spread to other eurozone countries drove the euro down to a two-month low beneath $1.33 on Wednesday, and traders said the currency is probably in for more losses in the days ahead.
Published 26 Nov, 2010 12:00am
Euro remains under pressure in London

Euro remains under pressure in London

The euro remained under pressure on Thursday on turmoil surrounding eurozone debt but held above a two-month low against the dollar after a push to the downside was stemmed largely by corporate demand.
Published 26 Nov, 2010 12:00am