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May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-01-22
China farmers to get $15 billion subsidies amid drought

China farmers to get $15 billion subsidies amid drought

China says it had earmarked about $15 billion in subsidies for millions of farmers who have been hit by a severe drought that has driven prices as the government tries to battle inflation. The dry spell in the north and south has affected about four milli
Published 22 Jan, 2011 12:00am
Ronaldo secures Real Madrid's Cup semi-final spot

Ronaldo secures Real Madrid's Cup semi-final spot

Cristiano Ronaldo fired in a first-half goal as Real Madrid edged bitter city rivals Atletico 1-0 on Thursday to reach the Spanish Cup semi-finals 4-1 on aggregate. Real will tackle holders Sevilla in the last four while Barcelona, who saw off Real Betis
Published 22 Jan, 2011 12:00am
Trials for U-13 Festival of Football team on January 23

Trials for U-13 Festival of Football team on January 23

Trials to select Model Town Football Academy's U-13 teams for coming Academies event of 13th National U-13 Festival will be held at MTFA Ground, Model Town, Lahore on Sunday (January 23) at 2 PM. Pakistan Football Federation (PFF) will stage the event in
Published 22 Jan, 2011 12:00am
British retail sales suffer record slump due to snow

British retail sales suffer record slump due to snow

Retail sales in Britain tumbled in December by a record amount, official data showed Friday, as shoppers avoided the high street and companies struggled to deliver online sales due to heavy snow. Sales dived 0.8 percent in December from November, despite
Published 22 Jan, 2011 12:00am
General Electric posts banner profits, upbeat outlook

General Electric posts banner profits, upbeat outlook

US conglomerate General Electric on Friday posted better-than-expected fourth quarter and 2010 profits, and said it was upbeat about the outlook for this year and the next. GE said 2010 profit jumped to $12.6 billion dollars, up 15.6 percent from $10.9 bi
Published 22 Jan, 2011 12:00am
General Electric posts banner profits, upbeat outlook

General Electric posts banner profits, upbeat outlook

US conglomerate General Electric on Friday posted better-than-expected fourth quarter and 2010 profits, and said it was upbeat about the outlook for this year and the next. GE said 2010 profit jumped to $12.6 billion dollars, up 15.6 percent from $10.9 bi
Published 22 Jan, 2011 12:00am
France's Alstom signs MoU for Baghdad metro

France's Alstom signs MoU for Baghdad metro

French engineering group Alstom has signed an outline agreement with Iraq to build a metro line above Baghdad's streets, an official said. Shaker al-Zamili, the head of Baghdad Investment Commission, said on Thursday Iraqi officials signed a memorandum of
Published 22 Jan, 2011 12:00am
Hu visits US heartland to tout business ties

Hu visits US heartland to tout business ties

Chinese President Hu Jintao took his roadshow to the US Midwest, where executives from the two countries were set to sign up to 60 new deals on Friday to underscore the message that China is open for business. Leaving behind the rancor of Washington where
Published 22 Jan, 2011 12:00am
Bank of America posts fourth quarter loss

Bank of America posts fourth quarter loss

Bank of America Corp, the largest US bank by assets, reported a second straight quarterly loss after writing down the value of its limping mortgage business. Bank of America's Merrill Lynch businesses - including retail brokerage and investment banking -
Published 22 Jan, 2011 12:00am
Bank of America posts fourth quarter loss

Bank of America posts fourth quarter loss

Bank of America Corp, the largest US bank by assets, reported a second straight quarterly loss after writing down the value of its limping mortgage business. Bank of America's Merrill Lynch businesses - including retail brokerage and investment banking -
Published 22 Jan, 2011 12:00am
Russia's jobless at seven-month high

Russia's jobless at seven-month high

Russia's unemployment hit its highest in seven-months in December but remained well below 2009 highs and looked unlikely to deter the central bank from raising interest rates to fight inflation. The number of unemployed in Russia was 5.39 million at the e
Published 22 Jan, 2011 12:00am
World steel production hit record in 2010

World steel production hit record in 2010

Global crude steel output rose 15 percent in 2010 to 1.4 billion metric tonnes, a new record, the World Steel Association (WSA) said on Friday. "All the major steel-producing countries and regions showed double-digit growth in 2010," the industry's trade
Published 22 Jan, 2011 12:00am
Russia reroutes Belarus oil, escalating dispute

Russia reroutes Belarus oil, escalating dispute

A pricing dispute that has halted Russian crude flows to Belarus escalated on Friday when Russian oil pipeline monopoly Transneft said it had redirected oil earmarked for Belarus to alternative buyers. Belarus stopped receiving Russian Urals crude deliver
Published 22 Jan, 2011 12:00am
German business confidence starts 2011 at record high

German business confidence starts 2011 at record high

German business confidence stormed into the new year at record highs, the Ifo institute said Friday, while the broader 17-nation eurozone tries to get to grips with its knotty debt crisis. Ifo's closely tracked reading of business sentiment climbed to 110
Published 22 Jan, 2011 12:00am
Murali to quit after World Cup

Murali to quit after World Cup

Record-breaking Sri Lankan spinner Muttiah Muralitharan said Friday he would retire from international cricket after the 2011 World Cup. "This World Cup will be my last outing," Muralitharan, 38, told reporters on the sidelines of a training session in Co
Published 22 Jan, 2011 12:00am
Spain plans partial nationalisation of savings banks

Spain plans partial nationalisation of savings banks

Spain plans a partial state take-over of its weakest savings banks as it seeks to reassure investors a rescue will not weigh on its deficit. A source familiar with the matter told Reuters on Friday the government would force debt-laden regional savings ba
Published 22 Jan, 2011 12:00am
Fed's second bank stress test done in groups

Fed's second bank stress test done in groups

The Federal Reserve is staggering stress tests for the 19 largest US banks, depending on when the lenders want to increase their dividend in 2011, Bank of America Corp Chief Financial Officer Charles Noski said. In an interview with Reuters on Friday, Nos
Published 22 Jan, 2011 12:00am
SEC freezes assets in insider trading case

SEC freezes assets in insider trading case

US securities regulators said they froze bank accounts containing more than $800,000 in illegal profits after a manager at Seattle Genetics gave his relative confidential information about drug trial results. The Securities and Exchange Commission complai
Published 22 Jan, 2011 12:00am
China renews Iran oil deal with steady volume

China renews Iran oil deal with steady volume

China, the world's largest buyer of Iranian crude oil, has renewed its annual import agreements for 2011, keeping the volumes steady at some 460,000 barrels per day (bpd), two sources told Reuters. China's commitment to keep volumes firm came as India, Ir
Published 22 Jan, 2011 12:00am
Energy stocks power FTSE bounce; RBS jumps

Energy stocks power FTSE bounce; RBS jumps

Energy stocks led Britain's top shares in a rebound on Friday after a sharp sell-off in the previous two sessions. The top FTSE 100 riser, however, was Royal Bank of Scotland, up 6.5 percent on reports the part-nationalised bank could leave the government
Published 22 Jan, 2011 12:00am
Spain, General Electric push European shares up

Spain, General Electric push European shares up

European shares rose on Friday as Spain's plans to part nationalise its debt-laden savings banks boosted banking stocks, while forecast beating results from US bellwether General Electric also improved market sentiment. The pan-European FTSEurofirst 300 i
Published 22 Jan, 2011 12:00am
Australian shares fall

Australian shares fall

Australian shares frittered away early gains to fall 0.6 percent on Friday, striking their lowest close in 1-1/2 weeks as the key resources sector was hit by concerns that top trading partner China would tighten policy to choke off inflation fuelling exce
Published 22 Jan, 2011 12:00am
Nikkei drops 1.6 percent

Nikkei drops 1.6 percent

Japan's Nikkei fell 1.6 percent on Friday to cap its biggest weekly loss in three months, as lower commodities prices weighed on energy-related stocks and spurred profit-taking after a recent rally.
Published 22 Jan, 2011 12:00am
China, Hong Kong shares dip on week

China, Hong Kong shares dip on week

Chinese shares bounced on Friday, driven by gains in the property sector, as some investors saw recent market weakness as overdone and sought bargains among index heavyweights. Despite the rally on the mainland, Hong Kong investors remained cautious amid
Published 22 Jan, 2011 12:00am
Treasuries plunge

Treasuries plunge

US debt prices plunged on Thursday amid worries that coming Treasury auctions could draw less demand after a poorly received $13 billion sale of inflation-protected Treasuries. The sale on Thursday of 10-year Treasury Inflation-Protected Securities, or TI
Published 22 Jan, 2011 12:00am
Treasuries plunge

Treasuries plunge

US debt prices plunged on Thursday amid worries that coming Treasury auctions could draw less demand after a poorly received $13 billion sale of inflation-protected Treasuries. The sale on Thursday of 10-year Treasury Inflation-Protected Securities, or TI
Published 22 Jan, 2011 12:00am
Seoul shares fall

Seoul shares fall

South Korean shares fell on Friday as investors took profits after the main index hit record highs earlier this week, and as concerns about further Chinese monetary policy tightening weighed on shares of big exporters. The Korea Composite Stock Price Inde
Published 22 Jan, 2011 12:00am
Dow, S&P edge lower; F5 earnings hurt Nasdaq

Dow, S&P edge lower; F5 earnings hurt Nasdaq

Stocks fell on Thursday as lackluster tech and materials earnings failed to live up to heightened expectations, threatening to short-circuit a seven-week run. Declines were milder than on Wednesday, when a sharp drop pulled the market off two-year highs.
Published 22 Jan, 2011 12:00am
Close to 99 percent voted for south Sudan split

Close to 99 percent voted for south Sudan split

Close to 99 percent of south Sudanese voters chose secession from the north in a referendum, according to preliminary results published Friday with tallies from two outstanding states. With 3,197,038 ballots counted, 98.6% had voted to break away in the J
Published 22 Jan, 2011 12:00am
'Moderates' concerned at law and order in Karachi

'Moderates' concerned at law and order in Karachi

"The situation in Karachi continues to be precarious, with numerous people being killed every day, despite ongoing search operations and additional powers being given to Rangers. This shows that the root cause of violence in the city is not being addresse
Published 22 Jan, 2011 12:00am
Pacra maintains entity ratings of SCM

Pacra maintains entity ratings of SCM

The Pakistan Credit Rating Agency (Pacra) has maintained the entity ratings of Standard Chartered Modaraba (SCM) at "AA+" (Double A plus) and "A1+" (A one plus) for the long-term and short-term, respectively. The ratings indicate low expectation of credit
Published 22 Jan, 2011 12:00am
Pacra maintains entity ratings of SCM

Pacra maintains entity ratings of SCM

The Pakistan Credit Rating Agency (Pacra) has maintained the entity ratings of Standard Chartered Modaraba (SCM) at "AA+" (Double A plus) and "A1+" (A one plus) for the long-term and short-term, respectively. The ratings indicate low expectation of credit
Published 22 Jan, 2011 12:00am
Sindh Assembly session takes an ugly turn

Sindh Assembly session takes an ugly turn

The Sindh Assembly session, just before concluding on Friday noon, turned into an unpleasant event in the course of members' speeches, particularly by treasury benches, when an opposition member inquired about the news item regarding unfair promotions to
Published 22 Jan, 2011 12:00am
Thousands of Dutch students protest education cuts

Thousands of Dutch students protest education cuts

Organisers say thousands of Dutch students are expected to demonstrate in The Hague against cuts to university budgets and increases in fees proposed by the government as part of its multibillion euro austerity package. The national student union expects
Published 22 Jan, 2011 12:00am
Belarus president sworn in after disputed election

Belarus president sworn in after disputed election

Belarus President Alexander Lukashenko was sworn in on Friday in a ceremony boycotted by Western ambassadors after his re-election last month in what the opposition and international monitors said was a rigged vote. The former Soviet republic has brushed
Published 22 Jan, 2011 12:00am
Protests as Tunisia mourns victims of unrest

Protests as Tunisia mourns victims of unrest

Anti-government protesters took to the streets on Friday as Tunisia began three days of mourning for the dozens of people killed during the overthrow of president Zine al-Abidine Ben Ali. Tunisia's interim government, which took over after Ben Ali fled to
Published 22 Jan, 2011 12:00am
Defiant Iran insists on enrichment

Defiant Iran insists on enrichment

A defiant Iran said Friday its uranium enrichment drive was not up for debate, as Western sources described talks between the Islamic republic and world powers in Istanbul as "inconclusive." Iran's chief nuclear negotiator Saeed Jalili met in the Turkish
Published 22 Jan, 2011 12:00am
Australia flags taxpayer levy for floods

Australia flags taxpayer levy for floods

Australian Prime Minister Julia Gillard Friday raised the prospect of a one-off tax to pay for rebuilding after epic floods, as rising waters prompted more evacuations in the south-east. Crops, roads and railway lines were washed away and thousands of hom
Published 22 Jan, 2011 12:00am
UK insider dealer jailed, record 27-month sentence

UK insider dealer jailed, record 27-month sentence

A UK court sentenced a man to jail for 27 months for insider trading in shares of the waste company he worked for, the latest victory in a campaign against the practice by Britain's financial watchdog. The prison term, half of which was suspended, was the
Published 22 Jan, 2011 12:00am
Gazans mob French minister in 'war crimes' mix-up

Gazans mob French minister in 'war crimes' mix-up

Angry Palestinians mobbed French Foreign Minister Michele Alliot-Marie as she visited Gaza on Friday in a mix-up over a "war crimes" quote mistakenly attributed to her. On her first visit to Gaza since taking office in November, Alliot-Marie was twice amb
Published 22 Jan, 2011 12:00am
Nato container torched in Mastung

Nato container torched in Mastung

Unknown gunmen on Friday torched a container carrying supplies for Nato forces in Mastung district. Levis official said that container carrying logistics for ISAF forces stationed in Afghanistan was way from Karachi when unidentified armed men opened fire
Published 22 Jan, 2011 12:00am
Thousands of Jordanians protest over food prices

Thousands of Jordanians protest over food prices

Several thousand Jordanians protested on Friday over soaring food prices and the erosion of living conditions, blaming corruption spawned by free-market reforms for the plight of the country's poor. Islamists, left wing and trade unions activists marched
Published 22 Jan, 2011 12:00am
Time short for Israel, Palestinian deal: UN chief

Time short for Israel, Palestinian deal: UN chief

UN Secretary General Ban Ki-moon on Friday slammed Israel's refusal to halt settlement building in Palestinian territories and warned that time is running out to save Middle East peace talks. With Palestinians now pressing for the UN Security Council to c
Published 22 Jan, 2011 12:00am
Obama names GE's Immelt head of new economic panel

Obama names GE's Immelt head of new economic panel

US President Barack Obama, in another step to boost jobs and shift toward the political center, will name General Electric Co Chief Executive Jeffrey Immelt on Friday as a top outside economic adviser. The White House said Immelt will head a new economic
Published 22 Jan, 2011 12:00am
UK Prime Minister's media chief quits

UK Prime Minister's media chief quits

The British prime minister's media chief quit on Friday over allegations of phone hacking at the newspaper he used to edit, a move that could embarrass the prime minister and complicate News Corp's bid to buy BSkyB. Critics who have questioned Prime Minis
Published 22 Jan, 2011 12:00am
Karzai courts Moscow with economic projects

Karzai courts Moscow with economic projects

Afghan President Hamid Karzai invited Russia on Friday to rebuild Soviet-era facilities in Afghanistan, courting a nation eager to expand its influence decades after the Soviet Union's costly war there. "We want to give a new start to vital projects that
Published 22 Jan, 2011 12:00am
Marsh ton inspires Australian win

Marsh ton inspires Australian win

Australia won the battle but might yet lose the war as injuries to two key World Cup players took much of the gloss off a Shaun Marsh-inspired win in the second one-day international against England on Friday. Marsh batted himself into contention for next
Published 22 Jan, 2011 12:00am
Inoha breaks Qatar hearts as Japan reach last four

Inoha breaks Qatar hearts as Japan reach last four

A dramatic last-minute goal from defender Masahiko Inoha saw 10-man Japan snatch a 3-2 win over heartbroken hosts Qatar in their Asian Cup quarter-final on Friday. Inoha struck in the 90th minute at a nearly full Al Gharafa Stadium to keep alive Japan's b
Published 22 Jan, 2011 12:00am
Kardar awards Rs one million to SBP cricket team

Kardar awards Rs one million to SBP cricket team

Governor State Bank of Pakistan Shahid H. Kardar has awarded one million rupees to SBP cricket team and its officials for winning the Quaid-e-Azam Trophy (Division II) Cricket Tournament. Each player and official of the cricket team will receive Rs 40,000
Published 22 Jan, 2011 12:00am
Ski team meets Air Chief Marshal Rao Qamar

Ski team meets Air Chief Marshal Rao Qamar

Pakistan ski team, which has won gold, silver and bronze medals in the various events of first South Asian Winter Games held in India, recently, called on Chief of the Air Staff, Pakistan Air Force, Air Chief Marshal Rao Qamar Suleman, who is the Patron-i
Published 22 Jan, 2011 12:00am
Indian tycoon buys Racing Santander

Indian tycoon buys Racing Santander

Indian tycoon Ahsan Ali Syed has bought indebted Spanish football club Racing Santander, his Bahrain-based company announced Friday. The deal was confirmed after it was approved by the government of the northern Spanish region of Cantabria and Spain Natio
Published 22 Jan, 2011 12:00am
Venus in shock Australian pull-out

Venus in shock Australian pull-out

American star Venus Williams dramatically pulled out of the Australian Open with a painful injury on Friday. Defending champion Roger Federer enjoyed a record 57th win at the Australian Open Friday as former winner Justine Henin was condemned to her worst
Published 22 Jan, 2011 12:00am
Angry Federer warns against match-fixing

Angry Federer warns against match-fixing

Swiss tennis great Roger Federer Friday warned players not to get involved in match-fixing, as Italian media reported a new investigation. The world number two said match-fixers angered him as much as dope cheats, as they threatened the sport's integrity
Published 22 Jan, 2011 12:00am
Transfers, postings by Punjab Government

Transfers, postings by Punjab Government

The Punjab government has changed the Commissioner Lahore and Project Director, Project Management Unit, Lahore Ring Road, on Friday. According to a notification, Khusro Pervaiz Khan was posted as Project Director, Project Management Unit, Lahore Ring Roa
Published 22 Jan, 2011 12:00am
MOL suspends production operation at Maramzai

MOL suspends production operation at Maramzai

Management of MOL suspended exploration and production operation at Maramzai well after attack on convey in Kohat on security concerns. The company has expressed profound grief over the death of six persons including four FC guards, one contractor driver
Published 22 Jan, 2011 12:00am
Sales tax on branded bread - FBR initiates a new campaign

Sales tax on branded bread - FBR initiates a new campaign

The Federal Board of Revenue (FBR) has found a via media after failure to enact Reformed General Sales Tax (RGST) and withdraw exemption from sales tax on daily household items. Its subordinate officers have initiated a campaign to levy sales tax through
Published 22 Jan, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 22 Jan, 2011 12:00am
Sales tax on branded bread - FBR initiates a new campaign

Sales tax on branded bread - FBR initiates a new campaign

The Federal Board of Revenue (FBR) has found a via media after failure to enact Reformed General Sales Tax (RGST) and withdraw exemption from sales tax on daily household items. Its subordinate officers have initiated a campaign to levy sales tax through
Published 22 Jan, 2011 12:00am
Sales tax on branded bread - FBR initiates a new campaign

Sales tax on branded bread - FBR initiates a new campaign

The Federal Board of Revenue (FBR) has found a via media after failure to enact Reformed General Sales Tax (RGST) and withdraw exemption from sales tax on daily household items. Its subordinate officers have initiated a campaign to levy sales tax through
Published 22 Jan, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 22 Jan, 2011 12:00am
PPP leadership made country's defence impregnable: Khosa

PPP leadership made country's defence impregnable: Khosa

Punjab Governor Sardar Latif Khosa has said that the PPP leaders had made the defence of Pakistan impregnable. "Founder of the PPP Shaheed Zulfikar Ali Bhutto gave the country atomic technology while Shaheed Benazir Bhutto gave missile technology", he sai
Published 22 Jan, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 Jan, 2011 12:00am
SSGC repairs blown-up gas pipeline near Taghmani

SSGC repairs blown-up gas pipeline near Taghmani

The Sui Southern Gas Company's (SSGC) engineers and technical staff have completed repairing work of ruptured 18-inch diameter gas pipeline near Taghmani in a record period of time on Friday. Anayatullah Ismail, Media Manager SSGC told APP that after taki
Published 22 Jan, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 Jan, 2011 12:00am
Kayani visits Lankan Defence Services Command and Staff College

Kayani visits Lankan Defence Services Command and Staff College

The Chief of Army Staff (COAS), General Ashfaq Parvez Kayani, who is on an official visit to Sri Lanka visited Defence Services Command and Staff College on Friday. He addressed the students and also formally inaugurated the Quetta Association formed by S
Published 22 Jan, 2011 12:00am
Pir Naseer Urs begins today

Pir Naseer Urs begins today

The second annual Urs of spiritual leader Pir Naseer-ud-Din Naseer will commence at Darbar Ghausia Mehria Naseeria Golra Sharif from January 22 (Saturday). The caravans of devotees have reached from across the country to participate in two-day Urs celebra
Published 22 Jan, 2011 12:00am
AFP plant to be upgraded soon: Abbas

AFP plant to be upgraded soon: Abbas

Agro Food Processing (AFP) Plant would soon be upgraded to prepare concentrates from apple, tomato and guava in addition to their pulp, AFP chairman Ghulam Abbas said on Friday. "We are going to import the machinery to install at this plant and prepare co
Published 22 Jan, 2011 12:00am
Taxation policy for Gilgit-Baltistan in the offing

Taxation policy for Gilgit-Baltistan in the offing

The Gilgit-Baltistan Council has formed a committee for carving out a comprehensive and viable taxation policy. Member Gilgit-Baltistan Council, Amjad Hussain Advocate who is also the chairman of the select committee on Public Accounts told this correspon
Published 22 Jan, 2011 12:00am
Unlawful students' outfits not to be allowed to harm academic atmosphere

Unlawful students' outfits not to be allowed to harm academic atmosphere

Unlawful outfits of the students will not be allowed to sabotage the peaceful and congenial academic atmosphere of the Punjab University, said Vice Chancellor, Professor Dr Mujahid Kamran here on Friday. Talking to APP, he criticised the misconduct of han
Published 22 Jan, 2011 12:00am
PCO case: 'judges not only accept November 3 order, also respect it'

PCO case: 'judges not only accept November 3 order, also respect it'

Dr Abdul Basit, a counsel for two Lahore High Court PCO judges - Justice Hasnat Malik Ahmed and Justice Shabbar Raza Rizvi - on Friday argued before the apex court that his clients not only accepted November 3, 2007 interim order but also respect it.
Published 22 Jan, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (January 21, 2011).

Published 22 Jan, 2011 12:00am
MPs laud second phase of Parliament Lodges

MPs laud second phase of Parliament Lodges

Parliamentarians of different political parties commenting on the launching of second phase of the Parliament Lodges here on Friday said this initiative will reduce their accommodation problems. At present the Parliament Lodges do not have the capacity to
Published 22 Jan, 2011 12:00am
Pakistani students: Hamilton college announces stipends for 2011-12

Pakistani students: Hamilton college announces stipends for 2011-12

A.A. Hamilton College London on Friday announced scholarships for Pakistani students for 2011-12. Director Administration of the college Mike Stanley made this announcement during a seminar titled "Free Education" held here. The college administration hel
Published 22 Jan, 2011 12:00am
Flood victims: government taking steps for early rehabilitation

Flood victims: government taking steps for early rehabilitation

The Director General Relief, Khalid Sher Dil Friday said that Pakistan government is striving hard and employing all available sources for early rehabilitation of flood affectees. While distributing cheques worth Rs 1,550,000 among the members of CCB at D
Published 22 Jan, 2011 12:00am
ETP Deputy Administrator Peshawar suspension directed

ETP Deputy Administrator Peshawar suspension directed

The Senate Standing Committee on Rules of Procedures and Privileges on Friday directed the Ministry of Minorities Affairs to immediately suspend the Deputy Administrator of Evacuee Trust Property (ETP), Peshawar for his alleged misbehaviour with a senator
Published 22 Jan, 2011 12:00am
US MIDDAY: gold stays down

US MIDDAY: gold stays down

Gold prices fell for a second day early on Friday as a stronger appetite for riskier assets such as equities and an improving economic outlook diminished safe-haven buying, more than offsetting a weaker dollar. Bullion notched a third consecutive weekly l
Published 22 Jan, 2011 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

Copper bounced nearly one percent on Friday, snapping a two-day slide that dragged prices to their lowest level in a month, as the dollar weakened and on worries about more monetary tightening in top-consumer China abated. Copper prices - down as much as
Published 22 Jan, 2011 12:00am
THE RUPEE: dollar moves up

THE RUPEE: dollar moves up

Bearish trend was seen on the currency market on Friday as dollar maintained its surge versus the rupee in process of trading, dealers said. The rupee was down by eight paisa against dollar for buying at 86.87 and fell by 10 paisa for selling at 85.92, th
Published 22 Jan, 2011 12:00am
US MIDDAY: grains up

US MIDDAY: grains up

Chicago Board of Trade grain futures were higher on Friday, with gains in wheat and corn fuelled by strong weekly US export data and a weaker US dollar, traders said. Informa Economics' acreage estimates, released late morning, also were viewed as bullish
Published 22 Jan, 2011 12:00am
THE RUPEE: dollar moves up

THE RUPEE: dollar moves up

Bearish trend was seen on the currency market on Friday as dollar maintained its surge versus the rupee in process of trading, dealers said. The rupee was down by eight paisa against dollar for buying at 86.87 and fell by 10 paisa for selling at 85.92, th
Published 22 Jan, 2011 12:00am
US MIDDAY: cocoa climbs

US MIDDAY: cocoa climbs

ICE cocoa futures climbed to an 8-1/2-month high ealy on Friday in heavy volume after talks failed to resolve a political standoff in Ivory Coast, deepening worries about possible supply disruptions from the world's top producer. A soft dollar boosted cof
Published 22 Jan, 2011 12:00am
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