News Archives for Print - 2011-01-31

Malaysian economy grew seven percent in 2010: Prime Minister

Malaysia's economy grew 7 percent last year, prime minister Najib Razak said, adding the Asian country could tap global bond markets this year with an Islamic issue.

Published 31 Jan, 2011 12:00am

SATURDAY JANUARY 29: Need for an 'independent' planning commission stressed

Published 31 Jan, 2011 12:00am

Bangladesh central bank raises inflation forecast

Bangladesh's central bank raised its inflation forecast for the 2010/11 fiscal year to 7 percent from 6.5 percent, largely because of higher food prices. Inflation in the 2009/10 year to end-June was 7.31 percent, above the bank's target of 6.5 percent.

Published 31 Jan, 2011 12:00am

SATURDAY JANUARY 29: Planning Commission's proposal: privatise railways, airports

Published 31 Jan, 2011 12:00am

China says Fed easing ineffective, dangerous

Quantitative easing by the Federal Reserve and other central banks cannot address fundamental economic problems but may lead to excessive global liquidity and competitive currency depreciation, China's central bank said on Sunday.

Published 31 Jan, 2011 12:00am

SUNDAY JANUARY 30: Internal debt stands at Rs 5.13 trillion, external at $53.654 billion: National Assembly informed

Published 31 Jan, 2011 12:00am

Kenya's stock market set for online trading system

Kenyan stock market brokers will need to focus on providing additional services instead of brokering trades when a new online market system goes live in March, the Nairobi Stock Exchange's chief executive said on Thursday.

Published 31 Jan, 2011 12:00am

SUNDAY JANUARY 30: Key policy rate unchanged at 14 percent

Published 31 Jan, 2011 12:00am

Canada short-term yields seen climbing

Canadian bond and money market yields are expected to rise steadily this year, but forecasts for the rise in short-term yields have come down from two months ago on dovish language from the Bank of Canada.

Published 31 Jan, 2011 12:00am

Canada short-term yields seen climbing

Canadian bond and money market yields are expected to rise steadily this year, but forecasts for the rise in short-term yields have come down from two months ago on dovish language from the Bank of Canada.

Published 31 Jan, 2011 12:00am

British oil majors in focus next week

British oil giants BP and Royal Dutch Shell will unveil their annual results next week, as traders' focus switches to corporate data after a slew of key economic releases. London's FTSE 100 index dipped 0.25 percent over the past week to finish at 5,881.3

Published 31 Jan, 2011 12:00am

Wall Street Weekahead: focus will be on Egypt, earnings, jobs data

US stocks may struggle to return to firmer footing next week if anti-government riots in Egypt destabilise the Middle East, keeping investors on edge. Cautious trading could also come if earnings don't outperform and erode optimism about profits.

Published 31 Jan, 2011 12:00am

Hedge fund Pharo sees yuan up 5-7 percent

Pharo Management is adding the yuan share class to its flagship $3.3 billion hedge fund, convinced the Chinese currency will gain 5-7 percent against the dollar in 2011.

Published 31 Jan, 2011 12:00am

Hedge fund Pharo sees yuan up 5-7 percent

Pharo Management is adding the yuan share class to its flagship $3.3 billion hedge fund, convinced the Chinese currency will gain 5-7 percent against the dollar in 2011.

Published 31 Jan, 2011 12:00am

Yuan should not rise over six percent in 2011

The yuan should not rise more than 6 percent this year as Chinese exporters will feel the pain from a stronger currency, an economist at China's powerful economic planning agency was quoted as saying on Saturday.

Published 31 Jan, 2011 12:00am

Investors seen rushing to emerging corporate debt

Investors snapped up emerging corporate debt in January, capitalising on a yield advantage over unfashionable sovereigns while retaining faith in the long-term emerging market story even as local equity prices cool.

Published 31 Jan, 2011 12:00am

Investors seen rushing to emerging corporate debt

Investors snapped up emerging corporate debt in January, capitalising on a yield advantage over unfashionable sovereigns while retaining faith in the long-term emerging market story even as local equity prices cool.

Published 31 Jan, 2011 12:00am

Fickle investors ditch emerging markets for developed

A month into 2011, one of the biggest swings in asset flows has been the outperformance of previously lagging developed market equities against once red-hot emerging ones.

Published 31 Jan, 2011 12:00am

Fickle investors ditch emerging markets for developed

A month into 2011, one of the biggest swings in asset flows has been the outperformance of previously lagging developed market equities against once red-hot emerging ones.

Published 31 Jan, 2011 12:00am

Global Markets Weekahead: jobs and inflation to test risk rally

Fundamentals are on investors minds heading into February, with big tests in the coming week about jobs and inflation. Overall, the first month of the year has been a good one for investors willing to take on some risk.

Published 31 Jan, 2011 12:00am

Middle East markets tumble on Egypt turmoil, contagion fears

Gulf stock markets tumbled on Sunday as investors, rattled by turmoil in Egypt and concerns the unrest may spread, quit their positions to push indices to multi-week lows. Egyptian protesters were on the streets again in central Cairo, demanding President

Published 31 Jan, 2011 12:00am

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday.

Published 31 Jan, 2011 12:00am

Inflation fears to drive bond yields higher

Mounting inflation pressures in Europe and an improving US economy prompted bond strategists to ratchet up their US Treasury, bund and gilt yield forecasts in January, a Reuters poll showed.

Published 31 Jan, 2011 12:00am

Japan shares seen under pressure next week

Japanese shares are likely to remain under pressure in the coming week after ratings agency Standard & Poor's downgraded the country's public debt, triggering profit-taking, dealers said Friday. In the week to January 28, the benchmark Nikkei index at the

Published 31 Jan, 2011 12:00am

Iran MPs endorse atomic chief as foreign minister

Iran's parliament on Sunday officially endorsed atomic chief Ali Akbar Salehi as the Islamic republic's foreign minister, who told lawmakers the nuclear issue was a key part of foreign policy. Salehi's candidacy was endorsed by 146 of the 241 lawmakers wh

Published 31 Jan, 2011 12:00am

Netherlands freezes ties with Iran

The Netherlands has frozen contacts with Iran after Tehran hanged an Iranian-Dutch woman for drug smuggling, having initially arrested her for taking part in anti-government protests. Zahra Bahrami's execution Saturday brings the total number of people ha

Published 31 Jan, 2011 12:00am

12 dead in Philippine fire

Twelve people were killed in a huge fire that razed some 100 houses in a poor residential area in the Philippine capital on Sunday, authorities said. Investigators said the fire at suburban Navotas city, north of Manila, began before midnight on Saturday

Published 31 Jan, 2011 12:00am

US troops revamp training for foggy battlefields

As the war in Afghanistan enters its 10th year the US military is shaking up its traditional training regimen to prepare troops for the country's complex battlefields. At boot camps nowadays soldiers are taught to think on their toes as they prepare for m

Published 31 Jan, 2011 12:00am

Agreement to end child recruitment in Afghan police

The Afghan government and the United Nations on Sunday agreed to stop underage recruitment by the Afghan security forces and stem a range of violations against children in the conflict.

Published 31 Jan, 2011 12:00am

Oman says busts UAE spy network

Oman said it had uncovered a UAE spy network in the Gulf Arab state that targeted its government and military, the state news agency of the US ally reported on Sunday. Neighbouring United Arab Emirates, a regional energy, financial and tourism hub that ty

Published 31 Jan, 2011 12:00am

Sarkozy urges early reform of UN Security Council

The African Union urged Egyptian President Hosni Mubarak to respond to mass protests with reforms as its leaders met Sunday to tackle the array of crises gripping the continent.

Published 31 Jan, 2011 12:00am

10 dead in German train collision

Ten people died when a regional passenger train collided with a goods train late Saturday in eastern Germany, police and firemen said. Up to 20 other people were seriously injured in the accident which happened at Hordorf near Oschersleben, in Saxony-Anha

Published 31 Jan, 2011 12:00am

Arab-Israeli gets nine years for spying for Hezbollah

A prominent Arab-Israeli human rights activist was sentenced to nine years in jail on Sunday after pleading guilty to spying for Lebanon's Hezbollah, ann Israeli court official said Ameer Makhoul was convicted last October of espionage and aggravated espi

Published 31 Jan, 2011 12:00am

Protests in India against government corruption

Thousands of people marched through New Delhi and several other Indian cities on Sunday to protest against corruption in the country's government and state bodies. Public anger has grown over the long-standing issue of graft in India after a series of hig

Published 31 Jan, 2011 12:00am

Deadly blast at Venezuela arms depot

At least one person was killed and three others injured in northern Venezuela on Sunday when a series of powerful explosions shook an arms depot, officials said. The arsenal is located in the city of Maracay, in Aragua state. All residents living within f

Published 31 Jan, 2011 12:00am

Palestinians say Cyprus backs state on 1967 lines

The Palestinian foreign minister said on Sunday that EU-member state Cyprus recognises a Palestinian state within the 1967 borders. Riyad al-Malki told AFP the move was "formalised" in a letter sent by Cyprus President Demetris Christofias to his Palestin

Published 31 Jan, 2011 12:00am

Seminar on 'growing tendencies of intolerance' today

Allama Iqbal Open University and International FM-96 Radio are jointly holding a one day seminar on the title "Role of Education Broadcasters in the Eradication of Growing Tendencies of Intolerance and Violence in the Society" on Monday at Auditorium of t

Published 31 Jan, 2011 12:00am

Bill to protect rights of home-based workers to be tabled soon: Dr Firdous

Federal Minister for Women Development Dr Firdous Ashiq Awan on Sunday said that bill will soon be present in the parliament to protect the rights of "Home Based Workers" in the country. The Labour Ministry was working on the proposed bill and after asses

Published 31 Jan, 2011 12:00am

Punjab government promoting austerity in province: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that development of resources can help achieve the goal of self-reliance and shed dependence on others for achieving a respectable status in the comity of nations.

Published 31 Jan, 2011 12:00am

DCO inaugurates free food outlet in Faisalabad

Under CM's Sasti Roti Programme, one more free food outlet has been started at Gates Wala Chowk Satiana road which was inaugurated by DCO Naseem Sadiq here on Saturday. This free food outlet has been arranged by local philanthropist chairman Pasban IT Gro

Published 31 Jan, 2011 12:00am

Cold, dry weather forecast for today

The Meteorological department has forecast mainly cold and dry weather over most parts of the country for today (Monday). However, rain/snowfall over hills may occur at isolated places of Gilgit-Baltistan and Kashmir. Weather remained cold and dry in most

Published 31 Jan, 2011 12:00am

Lawyers' role in restoration of democracy lauded

Prime Minister Syed Yousuf Raza Gilani said on Sunday that lawyers played very important role against a dictator and in restoration of democracy in the country.

Published 31 Jan, 2011 12:00am

Inspectors asked to continue drive against spurious drugs

The District Quality Control Board has recommended to refer 33 cases to drug court for trial against the medical stores and quacks involved in illegal act of selling spurious drugs had running clinics without qualified persons.

Published 31 Jan, 2011 12:00am

Achieving target of 20 million bales of cotton: Prime Minister advises PCGA to use modern technology

Prime Minister Yousaf Raza Gilani has said that "we should adopt modern technology to achieve the target of 20 million bales of cotton".

Published 31 Jan, 2011 12:00am

'Government won't be allowed to enhance POL prices'

Pakistan Muslim League-N' central leader and Member National Assembly and an industrialist Mohammad Pervez Malik has said that the federal government should avoid increasing the prices of petrol and diesel, otherwise the tsunami of price hike would come i

Published 31 Jan, 2011 12:00am

PML-N demands inquiry into Rs 6 billion NPF fraud

Pakistan Muslim League (PML-N) on Sunday demanded judicial inquiry in Rs 6 billion alleged frauds in the National Police Foundation (NPF). Addressing a press conference, PML-N Leader Siddiqul Farooq also asked the NPF Chairman to constitute an inquiry tea

Published 31 Jan, 2011 12:00am

Pakistanis killed by US embassy official: PTI to support victims' parents, says Rasheed

Pakistan Tehrik-e-Insaf (PTI) has expressed full support for parents of the innocent Pakistanis murdered on Thursday by US embassy's official. PTI Punjab President Ahsen Rasheed in a statement said that the whole nation was standing with the parents of in

Published 31 Jan, 2011 12:00am

No deadlines in politics: Kaira

Federal Minister for Information and Broadcasting Qamar Zaman Kaira said on Sunday that there is no concept of deadlines in politics, however, the reservations of Nawaz Sharif would be addressed and all matters would be resolved with political consensus.

Published 31 Jan, 2011 12:00am

Nawaz postpones UK visit

Pakistan Muslim League (N) Quaid Nawaz Sharif has postponed his foreign tour to UK in view of his engagements and present domestic evolving situation.

Published 31 Jan, 2011 12:00am

Six militants killed near Afghan border

Security forces killed six militants when they repulsed their attack on checkpost near Afghan border on Sunday, security forces official said. The militants fired six missiles at a security forces checkpost in Dabori area of upper Orakzai Agency. The secu

Published 31 Jan, 2011 12:00am

Three Nato oil tankers torched near Wadh area

Unidentified armed men on Sunday attacked three oil tankers carrying fuel for Nato forces in Afghanistan near Wadh area of Khuzdar district and set them on fire. Local police official Juma Khan told media persons that the affected oil tankers were plying

Published 31 Jan, 2011 12:00am

Bait-ul-Maal: PEW suggests improvement in provision of medicine

The Pakistan Economy Watch (PEW) on Sunday suggested improvements in the provision of medicine to the needy through Pakistan Bait-ul-Mal (PBM).

Published 31 Jan, 2011 12:00am

Upcoming rain spell to cast positive impact on crops

An expected moderate rain spell in the first week of February will bring positive impact on crops, especially in the Barani areas of the country. Talking to APP, Director General of Pakistan Meteorological Department (PMD) Arif Mehmood said that three rai

Published 31 Jan, 2011 12:00am

Hearts of people of Pakistan, J&K beat together: JKLL chief

Hearts of the people of Pakistan and Jammu & Kashmir beat together. The Kashmir liberation movement is in full momentum in Jammu & Kashmir state and Kashmir Solidarity Day being observed across the country and AJK has always marked an impact on the libera

Published 31 Jan, 2011 12:00am

Khosa presides over Ulema's meeting

Senior Advisor to Punjab Chief Minister Sardar Zulfiqar Ali Khan Khosa on Sunday presided over a meeting of prominent Ulema from all schools of thought and religious personalities held here under the aegis of Muttahida Ulema Board Punjab.

Published 31 Jan, 2011 12:00am

NH&MP begins drive against overloading

National High-ways & Motorway Police N-5 Central have started drive against over-loading. DIG Syed Ibne Hussain said this while inspecting road safety campaign and special patrolling on national highway here on Sunday.

Published 31 Jan, 2011 12:00am

Sudanese police clash with students in Khartoum

Sudanese police beat and arrested students on Sunday as protests broke out throughout Khartoum demanding the government resign, inspired by a popular uprising in neighbouring Egypt.

Published 31 Jan, 2011 12:00am

Sudanese police clash with students in Khartoum

Sudanese police beat and arrested students on Sunday as protests broke out throughout Khartoum demanding the government resign, inspired by a popular uprising in neighbouring Egypt.

Published 31 Jan, 2011 12:00am

Bangladesh beggars to be 'paid a daily wage' during World Cup

The mayor of Chittagong city in southern Bangladesh said Sunday that he would pay hundreds of beggars a daily wage to keep them off the streets during the cricket World Cup. Manzur Alam said that about 300 disabled beggars would be given 150 taka (two dol

Published 31 Jan, 2011 12:00am

Bangladesh beggars to be 'paid a daily wage' during World Cup

The mayor of Chittagong city in southern Bangladesh said Sunday that he would pay hundreds of beggars a daily wage to keep them off the streets during the cricket World Cup. Manzur Alam said that about 300 disabled beggars would be given 150 taka (two dol

Published 31 Jan, 2011 12:00am

Political stability vital for economic prosperity: Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that the policy of reconciliation was aimed at bringing about political stability in the country, which was essential for economic stability. Talking to a delegation of Multan and Dera Ghazi Khan Chambers of

Published 31 Jan, 2011 12:00am

Political stability vital for economic prosperity: Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that the policy of reconciliation was aimed at bringing about political stability in the country, which was essential for economic stability. Talking to a delegation of Multan and Dera Ghazi Khan Chambers of

Published 31 Jan, 2011 12:00am

Political stability vital for economic prosperity: Prime Minister

Prime Minister Syed Yousuf Raza Gilani has said that the policy of reconciliation was aimed at bringing about political stability in the country, which was essential for economic stability. Talking to a delegation of Multan and Dera Ghazi Khan Chambers of

Published 31 Jan, 2011 12:00am

House Speaker Boehner warns against US debt default

US House of Representatives Speaker John Boehner on Sunday said that the United States must continue meeting its obligations to fund government debt or risk a global financial disaster.

Published 31 Jan, 2011 12:00am

House Speaker Boehner warns against US debt default

US House of Representatives Speaker John Boehner on Sunday said that the United States must continue meeting its obligations to fund government debt or risk a global financial disaster.

Published 31 Jan, 2011 12:00am

House Speaker Boehner warns against US debt default

US House of Representatives Speaker John Boehner on Sunday said that the United States must continue meeting its obligations to fund government debt or risk a global financial disaster.

Published 31 Jan, 2011 12:00am

Creation of more provinces will strengthen the country, says Altaf

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain has said that his party wanted to bring a peaceful revolution through vote and would not hesitate to offer sacrifices, if needed. He said his party wanted to establish a system in the country, which meets

Published 31 Jan, 2011 12:00am

Creation of more provinces will strengthen the country, says Altaf

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain has said that his party wanted to bring a peaceful revolution through vote and would not hesitate to offer sacrifices, if needed. He said his party wanted to establish a system in the country, which meets

Published 31 Jan, 2011 12:00am

MONEY WEEK: SBP hawkish in tone but optimist in approach

The snapshot of money expansion of the past six years shown on the first page of the latest Monetary Policy Statement clearly depicts how the pattern changed, once the government started borrowing heavily from banking system in FY08. The tale is dismal fo

Published 31 Jan, 2011 12:00am

MONEY WEEK: SBP hawkish in tone but optimist in approach

The snapshot of money expansion of the past six years shown on the first page of the latest Monetary Policy Statement clearly depicts how the pattern changed, once the government started borrowing heavily from banking system in FY08. The tale is dismal fo

Published 31 Jan, 2011 12:00am

MONEY WEEK: SBP hawkish in tone but optimist in approach

The snapshot of money expansion of the past six years shown on the first page of the latest Monetary Policy Statement clearly depicts how the pattern changed, once the government started borrowing heavily from banking system in FY08. The tale is dismal fo

Published 31 Jan, 2011 12:00am

3.3 percent fall in futures open interest

Total open interest position at the futures counter declined by 3.3 percent to Rs 1.61 billion during the week ended on January 28, 2011. The futures spreads also declined by 220bps to 6.20 percent. Trading at futures counter also remained low and the ave

Published 31 Jan, 2011 12:00am

3.3 percent fall in futures open interest

Total open interest position at the futures counter declined by 3.3 percent to Rs 1.61 billion during the week ended on January 28, 2011. The futures spreads also declined by 220bps to 6.20 percent. Trading at futures counter also remained low and the ave

Published 31 Jan, 2011 12:00am

3.3 percent fall in futures open interest

Total open interest position at the futures counter declined by 3.3 percent to Rs 1.61 billion during the week ended on January 28, 2011. The futures spreads also declined by 220bps to 6.20 percent. Trading at futures counter also remained low and the ave

Published 31 Jan, 2011 12:00am

3.3 percent fall in futures open interest

Total open interest position at the futures counter declined by 3.3 percent to Rs 1.61 billion during the week ended on January 28, 2011. The futures spreads also declined by 220bps to 6.20 percent. Trading at futures counter also remained low and the ave

Published 31 Jan, 2011 12:00am

Share market mixed

The Karachi share market witnessed mixed trend during the week ended on January 29, 2011. Foreign investors'' support continued with an inflow of $6.3 million, while local investors opted for profit taking before announcement of monetary policy.

Published 31 Jan, 2011 12:00am

Share market mixed

The Karachi share market witnessed mixed trend during the week ended on January 29, 2011. Foreign investors' support continued with an inflow of $6.3 million, while local investors opted for profit taking before announcement of monetary policy.

Published 31 Jan, 2011 12:00am

Share market mixed

The Karachi share market witnessed mixed trend during the week ended on January 29, 2011. Foreign investors' support continued with an inflow of $6.3 million, while local investors opted for profit taking before announcement of monetary policy.

Published 31 Jan, 2011 12:00am

Government to form aggressive policy for horticulture products'' export

The government has decided to formulate an aggressive policy for export of horticulture products during 2011 for which all possible support will be extended to Pakistan Horticulture Development and Export Company (PHDEC). This decision was taken at a meet

Published 31 Jan, 2011 12:00am

Government to form aggressive policy for horticulture products' export

The government has decided to formulate an aggressive policy for export of horticulture products during 2011 for which all possible support will be extended to Pakistan Horticulture Development and Export Company (PHDEC). This decision was taken at a meet

Published 31 Jan, 2011 12:00am

Government to form aggressive policy for horticulture products' export

The government has decided to formulate an aggressive policy for export of horticulture products during 2011 for which all possible support will be extended to Pakistan Horticulture Development and Export Company (PHDEC). This decision was taken at a meet

Published 31 Jan, 2011 12:00am

Private sector unwilling: TCP to import 0.225 million tons of urea

The Economic Co-ordination Committee of the Cabinet (ECC) has asked the Trading Corporation of Pakistan (TCP) to import 0.225 million tons of urea, on urgent basis, to meet local shortage. "TCP has been given the task to import urea as private sector has

Published 31 Jan, 2011 12:00am

Private sector unwilling: TCP to import 0.225 million tons of urea

The Economic Co-ordination Committee of the Cabinet (ECC) has asked the Trading Corporation of Pakistan (TCP) to import 0.225 million tons of urea, on urgent basis, to meet local shortage. "TCP has been given the task to import urea as private sector has

Published 31 Jan, 2011 12:00am

Private sector unwilling: TCP to import 0.225 million tons of urea

The Economic Co-ordination Committee of the Cabinet (ECC) has asked the Trading Corporation of Pakistan (TCP) to import 0.225 million tons of urea, on urgent basis, to meet local shortage. "TCP has been given the task to import urea as private sector has

Published 31 Jan, 2011 12:00am

Kardar seeks to strike a delicate balance

The central bank has chosen to be optimistic that the political leadership will take on economic reforms on an emergency footing following negotiations among major political parties.

Published 31 Jan, 2011 12:00am

Kardar seeks to strike a delicate balance

The central bank has chosen to be optimistic that the political leadership will take on economic reforms on an emergency footing following negotiations among major political parties.

Published 31 Jan, 2011 12:00am

Kardar seeks to strike a delicate balance

The central bank has chosen to be optimistic that the political leadership will take on economic reforms on an emergency footing following negotiations among major political parties.

Published 31 Jan, 2011 12:00am

Lending rates will still go up: SBP maintains its key policy rate at 14 percent

Borrowing cost of private sector is bound to go up as the government shifts, albeit reluctantly, its borrowings for budgetary needs towards the commercial banks despite State Bank of Pakistan''s decision to maintain its policy rate at 14 percent.

Published 31 Jan, 2011 12:00am

Lending rates will still go up: SBP maintains its key policy rate at 14 percent

Borrowing cost of private sector is bound to go up as the government shifts, albeit reluctantly, its borrowings for budgetary needs towards the commercial banks despite State Bank of Pakistan's decision to maintain its policy rate at 14 percent.

Published 31 Jan, 2011 12:00am

Lending rates will still go up: SBP maintains its key policy rate at 14 percent

Borrowing cost of private sector is bound to go up as the government shifts, albeit reluctantly, its borrowings for budgetary needs towards the commercial banks despite State Bank of Pakistan's decision to maintain its policy rate at 14 percent.

Published 31 Jan, 2011 12:00am

Over 99 percent of south Sudan votes to separate

South Sudan overwhelmingly voted to split from the north in a referendum intended to end decades of civil war, officials said on Sunday, sparking mass celebrations in the southern capital Juba. Thousands cheered, danced and ululated after officials said 9

Published 31 Jan, 2011 12:00am

Over 99 percent of south Sudan votes to separate

South Sudan overwhelmingly voted to split from the north in a referendum intended to end decades of civil war, officials said on Sunday, sparking mass celebrations in the southern capital Juba. Thousands cheered, danced and ululated after officials said 9

Published 31 Jan, 2011 12:00am

Davis is entitled to full criminal immunity: US embassy

After having demanded 'immediate release' of Ramyond Davis, facing double-murder charges in Lahore, the US embassy on Sunday admitted he was member of 'technical and administrative' staff but had immunity under the Vienna Convention on Diplomatic Relation

Published 31 Jan, 2011 12:00am

Davis is entitled to full criminal immunity: US embassy

After having demanded 'immediate release' of Ramyond Davis, facing double-murder charges in Lahore, the US embassy on Sunday admitted he was member of 'technical and administrative' staff but had immunity under the Vienna Convention on Diplomatic Relation

Published 31 Jan, 2011 12:00am

Violation of agreements: provinces lock horns with NDMA

Provincial Disaster Management Authorities (PDMAs) have locked horns with the National Disaster Management Authority (NDMA) for violation of agreements and extension in the service of District DRM co-ordinators at extremely attractive packages under the '

Published 31 Jan, 2011 12:00am

Violation of agreements: provinces lock horns with NDMA

Provincial Disaster Management Authorities (PDMAs) have locked horns with the National Disaster Management Authority (NDMA) for violation of agreements and extension in the service of District DRM co-ordinators at extremely attractive packages under the '

Published 31 Jan, 2011 12:00am

Parliamentary body meeting: decision on oil prices hike likely today

The parliamentary committee on oil pricing is to meet on Monday to decide about increase in oil prices, it is learnt. According to sources, the Ministry of Petroleum is mulling to absorb the rising impact of petrol prices by about Rs 5 per litre by implem

Published 31 Jan, 2011 12:00am

Parliamentary body meeting: decision on oil prices hike likely today

The parliamentary committee on oil pricing is to meet on Monday to decide about increase in oil prices, it is learnt. According to sources, the Ministry of Petroleum is mulling to absorb the rising impact of petrol prices by about Rs 5 per litre by implem

Published 31 Jan, 2011 12:00am

Parliamentary body meeting: decision on oil prices hike likely today

The parliamentary committee on oil pricing is to meet on Monday to decide about increase in oil prices, it is learnt. According to sources, the Ministry of Petroleum is mulling to absorb the rising impact of petrol prices by about Rs 5 per litre by implem

Published 31 Jan, 2011 12:00am

Age limit of all vehicles for import: MoC seeks Cabinet Division clarification

The Commerce Ministry has reportedly refused to implement the decision of the Cabinet regarding increase in age of re-conditioned vehicles, claiming that the decision is contrary to the proposal of the Ministry, sources in Cabinet Division told Busines

Published 31 Jan, 2011 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 27	277.03
USD PKR Interbank Buying / Nov 27	277.83
USD to Japanese Yen / Nov 27	151.96
USD to Swiss Franc / Nov 27	0.88
Pound Sterling to USD / Nov 27	1.26
Euro to USD / Nov 27	1.05

Stock	Volume
S&P 500 / Nov 26	6,021.63
Nasdaq / Nov 26	19,175.58
FTSE 100 / Nov 26	8,258.61
Dow Jones / Nov 26	44,860.31
Germany DAX 30 / Nov 26	19,295.98
France CAC40 / Nov 26	7,194.51
India Sensex / Nov 27	80,416.35
Tokyo Nikkei / Nov 27	38,134.97

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 26	17,685
Gold 10 Grams PKR / Nov 26	239,716
Petrol/Litre / Nov 27	248.38
Crude Oil USD/Barrel / Nov 27	69.12
Gold Spot USD/Ounce / Nov 27	2,647.32
Diesel/Litre / Nov 27	255.14

Stock	Price
786 Invest Ltd / Nov 27 786 Investments Limited(786)	6.48 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▼ 0.00 (0.00%)
Agro Allianz / Nov 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 27 Ali Asghar Textile Mills Limited(AATM)	68.52 ▼ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	125.50 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▼ 0.00 (0.00%)
Abson Ind. / Nov 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 27 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 27 786 Investments Limited(786)	6.48 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 27 Al-Abbas Sugar Mills Limited(AABS)	610.84 ▲ 0.00 (0.00%)
Agro Allianz / Nov 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 27 Ali Asghar Textile Mills Limited(AATM)	68.52 ▲ 0.00 (0.00%)
Allied Bank / Nov 27 Allied Bank Limited(ABL)	125.50 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 27 Abbott Laboratories (Pakistan) Limited(ABOT)	917.87 ▲ 0.00 (0.00%)
Abson Ind. / Nov 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 27 Alfalah Consumer Index ETF.(ACIETF)	11.82 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 27 K-Electric Limited(KEL)	101,636,133 ▲ 0.00
B.O.Punjab / Nov 27 The Bank of Punjab(BOP)	92,023,190 ▲ 0.00
Hascol Petrol / Nov 27 Hascol Petroleum Limited(HASCOL)	73,320,431 ▲ 0.00
Fauji Foods Ltd / Nov 27 Fauji Foods Limited(FFL)	54,116,789 ▲ 0.00
Sui South Gas / Nov 27 Sui Southern Gas Company Limited(SSGC)	54,088,119 ▲ 0.00
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