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Print - 2011-04-16
Australian and New Zealand dollars up

Australian and New Zealand dollars up

The Australian and kiwi dollars held firm on Friday after China data shows strong growth, supporting the outlook for commodity prices, though markets were wary of US inflation figures due later in the day. The Australian dollar hovered around $1.0527, fro
Published 16 Apr, 2011 12:00am
Portugese trio reach Europa semi-finals

Portugese trio reach Europa semi-finals

Portuguese trio Porto, Benfica and Braga reached the Europa League semi-finals in contrasting styles as Europe's second-string club competition produced another goal feast on Thursday. Porto completed their demolition of Spartak Moscow by following up las
Published 16 Apr, 2011 12:00am
Russia tightens rule on home-grown players

Russia tightens rule on home-grown players

The Russian FA (RFU) has tightened the rule aimed at encouraging home-grown players after the coach of champions Zenit St Petersburg admitted breaking it on purpose. From now on, club officials face a one-year suspension for ignoring the rule, which oblig
Published 16 Apr, 2011 12:00am
Champions Italy travel to Russia for Fed Cup semis

Champions Italy travel to Russia for Fed Cup semis

Reigning champions Italy will start as underdogs against Russia this weekend when they meet for a place in this year's Fed Cup final on the hardcourts of Moscow's Megasport indoor arena. The two countries have dominated the premier women's team competitio
Published 16 Apr, 2011 12:00am
Kallis, Gambhir power Kolkata to victory

Kallis, Gambhir power Kolkata to victory

Jacques Kallis and Gautam Gambhir hit impressive half-centuries to guide Kolkata Knight Riders to a nine-wicket win over Rajasthan Royals in the Indian Premier League on Friday. South African Kallis top-scored with a 65-ball 80 not out while skipper Gambh
Published 16 Apr, 2011 12:00am
Cricket South Africa president ousting unlawful: court

Cricket South Africa president ousting unlawful: court

A South African High Court on Friday ordered Cricket South Africa (CSA) to re-instate its president Mtutuzeli Nyoka, who was fired following a public feud with the organisation's chief executive. Nyoka took CSA to court after the organisation's members' f
Published 16 Apr, 2011 12:00am
Zulqarnain to return home

Zulqarnain to return home

Pakistan's run-away wicketkeeper Zulqarnain Haider will return home "soon", a private TV channel reported quoting his brother Aqeel Haider. "My brother met the Interior Minister of Pakistan, Rehman Malik, at his residence in London last week and was assur
Published 16 Apr, 2011 12:00am
Na sets PGA Tour record

Na sets PGA Tour record

Kevin Na set a PGA Tour record for the highest score on a par-four hole when he needed 16 shots to finish the ninth hole at the Texas Open on Thursday. Na's nightmare is the highest score on a par-four since PGA Tour records for scorecards began in 1983.
Published 16 Apr, 2011 12:00am
Vettel leads Red Bull charge in China

Vettel leads Red Bull charge in China

Formula One world champion Sebastian Vettel laid down a marker for his fifth win in a row by dominating both practice sessions for the Chinese Grand Prix on Friday. The 23-year-old Red Bull driver, who will be chasing his third victory of the season on Su
Published 16 Apr, 2011 12:00am
Singapore dollar remains at record high

Singapore dollar remains at record high

The Singapore dollar hit a record high for a second day on Friday after the country's central bank allowed more appreciation, though it was vulnerable to near-term profit taking, especially if the rise in other Asian currencies slows. Accelerated apprecia
Published 16 Apr, 2011 12:00am
Swiss franc up versus euro

Swiss franc up versus euro

The Swiss franc ticked up against the euro on Friday after Moody's cut Ireland's sovereign rating by two notches to Baa3 and left the outlook negative. The franc was up 0.05 percent against the euro compared to the New York close, trading at 1.2924 per eu
Published 16 Apr, 2011 12:00am
Money markets resilient to Greek debt talk

Money markets resilient to Greek debt talk

European money markets are seen resilient for now in the face of growing talk of a potential restructuring of Greek government debt, but short-term rates could spike if such a move appeared imminent. Yields on government bonds issued by the most indebted
Published 16 Apr, 2011 12:00am
McIlroy roars to lead at Malaysian Open

McIlroy roars to lead at Malaysian Open

Rory McIlroy fired a second round eight-under-par 64 to soar joint top of the Malaysian Open on Friday, defying the jet-lag and exhaustion that nearly got the better of US Masters winner Charl Schwartzel. Both the players flew halfway across the globe fro
Published 16 Apr, 2011 12:00am
Indian rupee strengthens

Indian rupee strengthens

The Indian rupee strengthened on Friday supported by strong dollar inflows which helped offset the impact of weak domestic shares and a faster-than-expected rise in March inflation. The partially convertible rupee ended at 44.3250/3350 per dollar, 0.4 per
Published 16 Apr, 2011 12:00am
Dollar depreciates broadly in New York

Dollar depreciates broadly in New York

The dollar weakened across the board on Thursday, reaching a record low against the Swiss franc, with more losses likely as long as US Federal Reserve and European Central Bank policies continue to diverge. US economic numbers kept intact expectations the
Published 16 Apr, 2011 12:00am
Midday trade in New York: Euro pressured by debt fears

Midday trade in New York: Euro pressured by debt fears

The euro fell on Friday after Moody's cut Ireland's rating to just above "junk" status, keeping eurozone debt problems in focus, though the currency was underpinned by expectations of more rate rises. In midday New York trading, the euro fell 0.4 percent
Published 16 Apr, 2011 12:00am
Euro slips in London

Euro slips in London

The euro fell on Friday after Moody's cut Ireland's rating to just above 'junk' status, keeping the single currency zone's debt problems in the limelight, though losses were likely to be offset by bids from sovereign buyers. Also helping cap losses was th
Published 16 Apr, 2011 12:00am
Euro dips in Asia

Euro dips in Asia

The euro dipped but stayed within sight of a 15-month peak against the dollar on Friday, with further losses expected to be limited given the diverging outlook for monetary policy in the eurozone and the United States. Not helping the dollar, several top
Published 16 Apr, 2011 12:00am
Sterling rises versus euro

Sterling rises versus euro

Sterling rose against the euro on Friday as the single currency was hurt by concerns about problems on the periphery of the eurozone and the possibility of a debt restructuring in Greece. The euro's falls were limited, however, as it stayed supported by e
Published 16 Apr, 2011 12:00am
Yuan slips

Yuan slips

The yuan ended slightly lower against the dollar on Friday after hitting another record intraday high, with the People's Bank of China fixing the mid-point at an all-time peak amid intensifying inflationary pressures. China's turbo-charged growth eased ju
Published 16 Apr, 2011 12:00am
Defensives lift FTSE, M&A talk boosts tobaccos

Defensives lift FTSE, M&A talk boosts tobaccos

Drugmakers and tobacco stocks led a defensive rally that enabled Britain's top share index to close higher on Friday. The FTSE 100 closed up 32.21 points, or 0.5 percent, at 5,996.01, but failed to break above 6,000 after London's blue chips hit a two-wee
Published 16 Apr, 2011 12:00am
Hong Kong, China shares weak

Hong Kong, China shares weak

Hong Kong shares traded lower on Friday morning, on track to post their first weekly loss in four, with sluggish performance in property counters and other large caps suggesting weakness could spill over into next week. China shares were also ended lower
Published 16 Apr, 2011 12:00am
European stocks post weekly loss

European stocks post weekly loss

European stocks ended slightly higher on Friday, but posted their first weekly loss in a month as the return of worries over the eurozone debt crisis prompted investors to book recent lofty gains on peripheral equities. Food and beverage stocks featured a
Published 16 Apr, 2011 12:00am
Madiyan-Kalam Road: Khyber Pakhtunkhwa approves Rs 140 million

Madiyan-Kalam Road: Khyber Pakhtunkhwa approves Rs 140 million

Chief Minister Khyber Pakhtunkhwa Ameer Haider Khan Hoti has approved release of supplementary grant of Rs 140 million to Pakistan Army for reconstruction of Madiyan-Kalam Road. A large portion of the road was washed away in the last year devastated flood
Published 16 Apr, 2011 12:00am
JUI-F stages protest rally in Chaman

JUI-F stages protest rally in Chaman

Jamiat Ulema-e-Islam Fazalur Rehman on Friday staged a rally in protest against the poor law in order situation in Chaman. Rally started from the Boghra road and after marching on main roads turned into huge public gathering at Shuhada Junction. Participa
Published 16 Apr, 2011 12:00am
Engro Foods signs contract with ORIX Leasing Pakistan

Engro Foods signs contract with ORIX Leasing Pakistan

Engro Foods Limited has signed a contract with ORIX Leasing Pakistan Limited for Engro Milk Automation Network (EMAN) in Multan. An award ceremony was also held to celebrate the successful implementation of EMAN across Punjab.
Published 16 Apr, 2011 12:00am
Rs 26 million recovered from electricity defaulters

Rs 26 million recovered from electricity defaulters

Peshawar Electricity Supply Company (Pesco) has recovered an amount of rupees 26 million from the electricity defaulters and removed 1,555 direct connections during an operation for recovery and power theft in six division of the Peshawar Circle. 'Operati
Published 16 Apr, 2011 12:00am
100 prominent businessmen to visit Tajikistan next month

100 prominent businessmen to visit Tajikistan next month

President Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Senator Haji Ghulam Ali is soon to lead a delegation of one hundred prominent businessmen and investors to Tajikistan. The visit is aimed at exploring business opportunities in Taji
Published 16 Apr, 2011 12:00am
Hearing of 18th Amendment case adjourned

Hearing of 18th Amendment case adjourned

The Supreme Court on Friday adjourned petitions challenging some clauses of 18th Amendment and fixed the hearing in 3rd week of May, subject to availability of the bench. The hearing, which was fixed for April 18, was adjourned due to NRO review case, alr
Published 16 Apr, 2011 12:00am
Foreign investment has improved, National Assembly told

Foreign investment has improved, National Assembly told

The overall profile of foreign investment has improved from $969.5 million (July-February 2009-10) to $1231.7 million (July-February 2010-11). Minister for Information and Broadcasting Dr Firdous Ashiq Awan said this while replying to a supplementary ques
Published 16 Apr, 2011 12:00am
Devolution of health ministry: high-level meeting today

Devolution of health ministry: high-level meeting today

Government has yet to decide whether to devolve the health ministry along with its crucial role including fixing drug prices, registration, quality control and licensing process to the provinces, it is learnt. The government has decided to devolve the hea
Published 16 Apr, 2011 12:00am
PPP MNA cries for justice

PPP MNA cries for justice

The ruling Pakistan People's Party (PPP) MNA Nawab Yousuf Talpur sought justice for his son - MPA Nawab Munawar Talpur - against whom an FIR has been registered on murder charges by DCO Umerkot, Sindh. The matter, which was raised on a point of order by N
Published 16 Apr, 2011 12:00am
Terbela Dam reached dead level, National Assembly told

Terbela Dam reached dead level, National Assembly told

The National Assembly was informed on Friday that due to shortage of water the country's major reservoir Tarbela Dam has reached dead level due to which the power units were generating less electricity. Responding to a call attention notice, Minister for
Published 16 Apr, 2011 12:00am
NAB to probe misuse of impounded vehicles

NAB to probe misuse of impounded vehicles

The executive board meeting of the National Accountability Bureau, Khyber Pakhtunkhwa has authorised two different inquires against the Excise and Taxation Department KP regarding misuse of impounded vehicles and corruption in motor vehicles registration
Published 16 Apr, 2011 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

The Human Rights Commission of Pakistan (HRCP) would have had tough time in compiling its annual report or to count heads, for statistical analysis, of those who were subjected to atrocities (kidnapped for ransom, tortured, politically victimised or targe
Published 16 Apr, 2011 12:00am
Foreign loans amount to $57.968 billion: Hafeez tells National Assembly

Foreign loans amount to $57.968 billion: Hafeez tells National Assembly

Total amount of foreign outstanding loans as on February 28, 2011 was $57.968 billion. Total Public and Publicly Guaranteed Debt of 'A' (medium and long term) $44.687 billion and 'B' (short-term) categories was $892 million, giving a total of $45.579 bill
Published 16 Apr, 2011 12:00am
$2.6 billion goods exported to Saarc region in five years

$2.6 billion goods exported to Saarc region in five years

Goods worth $2.6 billion were exported to Saarc Region during last five years. An amount of $4.122 billion were spent on import of goods from India while goods worth $842 million were exported during the last three years. This information was provided by
Published 16 Apr, 2011 12:00am
Gas pipeline blown up in Loti

Gas pipeline blown up in Loti

Gas supply to a purification plant was suspended after unidentified miscreants blew up a pipeline in Loti area of the district, local police officials said Friday. According to reports, the miscreants had planted explosives with an 8-inch diameter pipelin
Published 16 Apr, 2011 12:00am
Melzer beat Federer as Nadal wins in Monte Carlo

Melzer beat Federer as Nadal wins in Monte Carlo

Roger Federer was blown away 6-4 6-4 by Juergen Melzer in the Monte Carlo Masters quarter-finals but Rafa Nadal stormed through as the gap between the two great rivals widened further on Friday. While holder Nadal powered past Croat Ivan Ljubicic 6-1 6-3
Published 16 Apr, 2011 12:00am
Barcelona v Real rivalry comes to the fore

Barcelona v Real rivalry comes to the fore

Barcelona and Real Madrid have had a bitter rivalry dating way back to 1902 and they are braced to face each other four times in an 18-day period that will define their respective seasons. Football fans around the globe will be treated to four instalments
Published 16 Apr, 2011 12:00am
Five zero-rated sectors: tax payment date extended

Five zero-rated sectors: tax payment date extended

The Federal Board of Revenue has extended the date for payment of taxes/duty for the tax period March 2011, and filing of Sales Tax/Federal Excise returns, up to April 20, 2011 for registered persons of five zero-rated sectors claiming benefit under SRO.
Published 16 Apr, 2011 12:00am
Five zero-rated sectors: tax payment date extended

Five zero-rated sectors: tax payment date extended

The Federal Board of Revenue has extended the date for payment of taxes/duty for the tax period March 2011, and filing of Sales Tax/Federal Excise returns, up to April 20, 2011 for registered persons of five zero-rated sectors claiming benefit under SRO.
Published 16 Apr, 2011 12:00am
Nato, Russia exchange joint missile defence concepts

Nato, Russia exchange joint missile defence concepts

Nato and Russia on Friday exchanged concepts for a joint missile defence shield and agreed on a joint maintenance fund for Afghan helicopters, in a two-day meeting of Nato foreign ministers in Berlin. The joint steps marked a new period of co-operation be
Published 16 Apr, 2011 12:00am
US House passes Republican spending plan

US House passes Republican spending plan

President Barack Obama's Republican foes in the US House of Representatives muscled their politically risky budget to passage Friday, calling it the cure to out-of-control government spending. In an almost perfectly party-line vote, lawmakers voted 235-19
Published 16 Apr, 2011 12:00am
Suicide bomber hits Indonesian mosque, wounds 28

Suicide bomber hits Indonesian mosque, wounds 28

A suicide bomber blew himself up as police were praying Friday, wounding 28 people in the first attack on a mosque since extremists started targeting the predominantly Muslim country a decade ago. The victims including a local police chief were rushed to
Published 16 Apr, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 16 Apr, 2011 12:00am
Syria protests sweep into capital, defying Assad

Syria protests sweep into capital, defying Assad

Protests against Syrian President Bashar al-Assad swept into the capital, Damascus, on Friday for the first time since a growing wave of pro-democracy unrest began to put pressure on his 11-year rule. Thousands of protesters marched elsewhere across the c
Published 16 Apr, 2011 12:00am
Yemen's Saleh calls for talks as protests escalate

Yemen's Saleh calls for talks as protests escalate

Opponents of Yemen's president stepped up a campaign on Friday to force him out, but Ali Abdullah Saleh was defiant as he addressed thousands of supporters and urged the opposition to join peace talks. "We call on the opposition to consult their conscienc
Published 16 Apr, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Apr, 2011 12:00am
Nine killed as severe storms hit central US

Nine killed as severe storms hit central US

A powerful storm system that ripped across the central US Friday killed nine people, including three children. The storms left numerous communities in eastern Oklahoma and across Arkansas with downed power lines, damaged roofs and hazardous driving condit
Published 16 Apr, 2011 12:00am
Japan eyes state-backed insurer to save TEPCO

Japan eyes state-backed insurer to save TEPCO

Japan plans to set up a government-backed insurance fund to put money into Tokyo Electric Power and pay compensation stemming from the disaster at its Fukushima Daiichi nuclear plant, the Nikkei newspaper said. Aimed at saving Tokyo Electric from collapse
Published 16 Apr, 2011 12:00am
Number of Russian billionaires swells in 2011

Number of Russian billionaires swells in 2011

The number of Russian billionaires almost doubled over the last year to 101, the Russian edition of Forbes magazine said Friday in its annual rating. A total of 101 businessmen in Russia now have a net worth of $1 billion or more, up from 62 last year but
Published 16 Apr, 2011 12:00am
Indian Supreme Court bails convicted 'Maoist' doctor

Indian Supreme Court bails convicted 'Maoist' doctor

India's Supreme Court granted bail Friday to a doctor and leading rights activist sentenced to life in prison on charges of helping Maoist insurgents. Announcing their decision, the two-judge bench also cast doubt on Sen's conviction for sedition, which d
Published 16 Apr, 2011 12:00am
Rockets rain on Misrata; allies say Qadhafi must go

Rockets rain on Misrata; allies say Qadhafi must go

More than a hundred government rockets crashed into Misrata on Friday after Western allies denounced a "medieval siege" of the city and vowed to keep bombing Muammar Qadhafi's forces until he stepped down. A local doctor told Al Jazeera at least eight peo
Published 16 Apr, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (April 15, 2011).

Published 16 Apr, 2011 12:00am
Thousands protest over Hungary constitution change

Thousands protest over Hungary constitution change

Thousands protested on Friday against the ruling Fidesz party's overhaul of Hungary's constitution next week, which critics say will weaken democratic checks and balances even if it improves state finances. Organisers, who have mobilised via the Facebook
Published 16 Apr, 2011 12:00am
US stages 'most challenging' missile-defence test

US stages 'most challenging' missile-defence test

The US military said it shot down an intermediate-range ballistic missile target over the Pacific on Friday in the "most challenging" test yet of its work on a planned antimissile shield for Europe against Iran. The Pentagon said the successful test of Lo
Published 16 Apr, 2011 12:00am
UN warns seven million Afghans will go hungry without more aid

UN warns seven million Afghans will go hungry without more aid

The United Nations warned on Friday of a looming food aid shortage in Afghanistan that could leave more than 7 million people hungry unless it received urgent cash donations of over $250 million to buy more supplies. Most of those who will go short of foo
Published 16 Apr, 2011 12:00am
Queen Elizabeth cancels first event in five years

Queen Elizabeth cancels first event in five years

A nosebleed caused Queen Elizabeth II to cancel a public event for the first time in five years, reported the palace Friday. The queen had been scheduled to participate in an event at Windsor Castle on Wednesday, reported the palace. But the nosebleed cau
Published 16 Apr, 2011 12:00am
Judge orders Chilean president exhumed

Judge orders Chilean president exhumed

A Chilean judge Friday ordered the remains of former president Salvador Allende exhumed for an investigation into whether he was murdered in a 1973 coup led by General Augusto Pinochet or took his own life. Until now Allende's death, during the bloody US-
Published 16 Apr, 2011 12:00am
Disgruntled soldiers fire in Burkina's capital

Disgruntled soldiers fire in Burkina's capital

Disgruntled soldiers in Burkina Faso fired their weapons in the capital on Friday after going on a rampage in an apparent mutiny near the presidential palace overnight, witnesses said. The shooting followed a series of protests by soldiers demanding bette
Published 16 Apr, 2011 12:00am
Bickering, chaos hits India's huge graft trial

Bickering, chaos hits India's huge graft trial

India's biggest corruption case descended into bickering over the quality of photocopied witness testimonies and noisy ceiling fans on Friday as five senior business executives fought to win bail in a packed courtroom. The court will rule on bail applicat
Published 16 Apr, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee moved both ways on the currency market on Friday in process of trading, money experts said. The rupee maintained its rise versus the dollar, picking up five paisa for buying and selling at 84.20 and 84.25, they said.
Published 16 Apr, 2011 12:00am
India court rejects tax penalty for Vodafone

India court rejects tax penalty for Vodafone

India's top court on Friday ruled authorities could impose no penalty on British mobile phone giant Vodafone over a $2.5-billion tax bill until the legal battle over the case is settled. Earlier this month, Vodafone asked the Supreme Court to stop the tax
Published 16 Apr, 2011 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee moved both ways on the currency market on Friday in process of trading, money experts said. The rupee maintained its rise versus the dollar, picking up five paisa for buying and selling at 84.20 and 84.25, they said.
Published 16 Apr, 2011 12:00am
Warcrimes court jails former Croatian general for 24 years

Warcrimes court jails former Croatian general for 24 years

A UN war crimes tribunal convicted a former Croatian general of orchestrating a campaign of murder and plunder to drive around 200,000 Serbs from a rebel enclave of Croatia, sentencing him to 24 years in prison.
Published 16 Apr, 2011 12:00am
Millions at poverty risk in Eurasia: World Bank

Millions at poverty risk in Eurasia: World Bank

More than five million people risk falling into poverty in Eastern Europe and Central Asia as a result of higher food and energy prices, a World Bank official said on Friday.
Published 16 Apr, 2011 12:00am