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Print - 2011-04-29
Messi magic gives Barca upper hand over Real

Messi magic gives Barca upper hand over Real

Lionel Messi's sublime double lifted Barcelona to a 2-0 win over bitter rivals Real Madrid and lit up an acrimonious Champions League semi-final first leg in which the hosts finished with 10 men and had coach Jose Mourinho sent off.
Published 29 Apr, 2011 12:00am
Obama releases birth document, decries silliness

Obama releases birth document, decries silliness

President Barack Obama has produced his detailed birth certificate from Hawaii, hoping to clamp off a resurrection of claims he was born outside the United States and declaring the country did not have the "time for this kind of silliness."
Published 29 Apr, 2011 12:00am
US raps China for 'serious backsliding' on rights

US raps China for 'serious backsliding' on rights

A US envoy accused China of "serious backsliding" on human rights Thursday following talks on the issue that were held as Beijing carries out a severe crackdown on government critics. Assistant Secretary of State Michael Posner also indicated China rebuff
Published 29 Apr, 2011 12:00am
10 killed in Iraq mosque suicide attack

10 killed in Iraq mosque suicide attack

A suicide bomber blew himself up inside a Shiite mosque in central Iraq on Thursday, killing 10 people, amid nation-wide violence that left 16 dead, including senior police and army officers. The violence comes with just months to go before US troops must
Published 29 Apr, 2011 12:00am
Libyan forces overrun rebels on Tunisian border

Libyan forces overrun rebels on Tunisian border

Forces loyal to Libyan leader Muammar Qadhafi overran a rebel outpost on the Tunisian border on Thursday, but the opposition disputed a state TV report that they had also taken a remote desert town. Fighting spilled onto Tunisian territory at the Dehiba-W
Published 29 Apr, 2011 12:00am
Palestinians applaud unity deal, Israel growls

Palestinians applaud unity deal, Israel growls

A surprise deal to end decades of rivalry between Fatah and Hamas was welcomed by the Palestinian leadership on Thursday, but denounced by Israel as crossing "a red line." The agreement, announced in Cairo on Wednesday, saw the secular Fatah party which d
Published 29 Apr, 2011 12:00am
Britain withdraws Syria's royal wedding invitation

Britain withdraws Syria's royal wedding invitation

Britain has withdrawn the royal wedding invitation to Syria, with the support of Buckingham Palace, after a violent crackdown against pro-democracy supporters, a Foreign Office spokesman said on Thursday. The invitation was rescinded on the eve of Friday'
Published 29 Apr, 2011 12:00am
US judge rules Muslims can't see FBI files

US judge rules Muslims can't see FBI files

A federal judge ruled Wednesday that a group of Muslim activists and organisations cannot review additional records of FBI inquiries into their activities but berated the government for misleading the court about the existence of the files. US District Ju
Published 29 Apr, 2011 12:00am
Assad facing dissent over Deraa crackdown

Assad facing dissent over Deraa crackdown

Syrian President Bashar al-Assad faced rare dissent within his Baath Party and signs of discontent in the army over violent repression of protesters that a rights group said on Thursday had killed 500 people. Two hundred members of the ruling party from s
Published 29 Apr, 2011 12:00am
Afghan bus crash kills 20

Afghan bus crash kills 20

Twenty Afghans were killed and 33 injured Thursday when a speeding bus lost control and overturned on a dangerous southern highway, traffic police said. The bus crashed on the main road linking the capital Kabul with the biggest southern city, Kandahar, i
Published 29 Apr, 2011 12:00am
Two dead in Indonesia plane crash

Two dead in Indonesia plane crash

Two people on a training flight were killed when their glider plane crashed in Indonesia's Yogyakarta province on Thursday, a military academy official said. "Two people were killed in the accident. One is the instructor and the other is the student," Air
Published 29 Apr, 2011 12:00am
Judge approves USDA, Indian farmers settlement

Judge approves USDA, Indian farmers settlement

A federal judge has approved a $680 million settlement between the Agriculture Department and American Indian farmers who say they were denied loans because of discrimination. The two sides agreed on the deal last year subject to court approval. US Distri
Published 29 Apr, 2011 12:00am
Ukraine tries top official over journalist's murder

Ukraine tries top official over journalist's murder

The trial opened Thursday of a former senior Ukrainian official on charges of murdering critical journalist Georgy Gongadze in 2000, the most notorious crime in the country's post-Soviet history. Olexy Pukach, the former head of the Ukrainian interior min
Published 29 Apr, 2011 12:00am
Wary truce at Thai-Cambodian border

Wary truce at Thai-Cambodian border

A fragile cease-fire halted the bloodiest clashes between Thailand and Cambodia in decades on Thursday, after seven days of fighting left 15 dead and around 75,000 civilians displaced. Both sides remained cautious after local-level military negotiations p
Published 29 Apr, 2011 12:00am
UN renews Ivory Coast sanctions for one year

UN renews Ivory Coast sanctions for one year

The UN Security Council renewed an arms and diamond sales embargo Thursday on Ivory Coast for one year to maintain pressure on the new government to embark on a peace process and organise parliamentary elections. President Alassane Ouattara won a four-mon
Published 29 Apr, 2011 12:00am
New York cotton settles with steep drop as supply hits

New York cotton settles with steep drop as supply hits

US cotton futures finished sharply lower, with the benchmark July contract ending at the downside limit, and despite the Federal Reserve's essentially unchanged policy, the market's supply glut pressured prices into Wednesday's close. Many players sold co
Published 29 Apr, 2011 12:00am
US copper down

US copper down

Copper slumped on Wednesday on nagging doubts over the US economy and fears about tighter policy in China, but ended off the lows after the US Federal Reserve gave no indication it was in a rush to raise rates. In New York, US copper futures for May deliv
Published 29 Apr, 2011 12:00am
Shanghai aluminium surges

Shanghai aluminium surges

Metals on the Shanghai Futures Exchange ended the session 0.76 percent higher on Thursday on the same basis, while its most traded aluminium contact, July, closed 0.2 percent higher at 16,845 yuan.
Published 29 Apr, 2011 12:00am
Copper flat, aluminium at three-year high

Copper flat, aluminium at three-year high

Copper closed almost flat on Thursday after data showing that US first-quarter economic growth slowed more than expected and jobless claims rose offset the benefits of a sharply weaker dollar. Benchmark copper on the LME closed at $9,320 a tonne from a
Published 29 Apr, 2011 12:00am
New York sugar slips

New York sugar slips

Raw sugar futures closed lower on Wednesday with the market sliding back towards a six-month low set early last week, weighed by an improving supply outlook. Trade sources cited stronger-than-expected sugar production in top grower Brazil and No. 2 export
Published 29 Apr, 2011 12:00am
Malaysian palm oil gains

Malaysian palm oil gains

Malaysian palm oil futures ended higher on Thursday, snapping a three-day losing streak with support from firmer crude oil prices, but investors expect further weakness due to a rising production cycle. Benchmark July crude palm oil on Bursa Malaysia Deri
Published 29 Apr, 2011 12:00am
Tokyo rubber tumbles

Tokyo rubber tumbles

Key Tokyo rubber futures logged their largest monthly loss since November 2008 in April as last month's massive Japan earthquake and tsunami slashed auto output, though they rose 2.8 percent on Thursday on firm oil and commodity prices and a weaker yen.
Published 29 Apr, 2011 12:00am
US soyabeans falls

US soyabeans falls

US soyabean futures ended lower on Wednesday, dipping in the final minutes on liquidation as Federal Reserve Chairman Ben Bernanke began his first-ever press conference, traders said. CBOT May soyabeans were 4-3/4 cents lower at $13.78 a bushel. Soy price
Published 29 Apr, 2011 12:00am
Liffe sugar tumbles

Liffe sugar tumbles

Liffe July robusta coffee rose $19 to close at $2,555 a tonne after setting a contract high of $2,572. Market supported by surge in ICE arabicas to a fresh 34-year peak. Liffe August white sugar fell $11.40 to close at $615.10 a tonne after earlier hittin
Published 29 Apr, 2011 12:00am
Crude hits 31-month high

Crude hits 31-month high

US crude oil futures rose on Thursday to hit a 31-month high settlement after a volatile trading session that saw a weak dollar attract investors seeking alternative assets. US gasoline futures surged for a sixth straight session, driving prices to the hi
Published 29 Apr, 2011 12:00am
US gold hits new record

US gold hits new record

Gold rose to a record high of almost $1,530 an ounce on Wednesday and silver jumped 6 percent after the Chairman of the Federal Reserve gave no signs that the central bank would tighten monetary policy, leading the dollar to a three-year low. It was the e
Published 29 Apr, 2011 12:00am
Gold strikes new record in London

Gold strikes new record in London

Gold hit record highs on Thursday as the dollar's three-year low against a basket of major currencies attracted non-US investors, after the United States signalled it would retain accommodative monetary policy. Spot gold ascended to a lifetime high of $1,
Published 29 Apr, 2011 12:00am
US MIDDAY: coffee rises

US MIDDAY: coffee rises

Arabica coffee futures pared gains and closed firm on Thursday, after shooting well above $3 a lb to a 34-year high on the weak dollar and bullish chart patterns. The May raw sugar contract tumbled 0.63 cent or 2.6 percent to end at 23.92 cents a lb. July
Published 29 Apr, 2011 12:00am
US MIDDAY: corn falls

US MIDDAY: corn falls

US corn futures dropped the daily trading limit to their lowest level in nearly a month early on Thursday as a resumption in planting in western stretches of the Corn Belt alleviated concerns about supply, traders said. At 12:11 p.m. CST (1711 GMT), CBOT
Published 29 Apr, 2011 12:00am
US MIDDAY: copper easier

US MIDDAY: copper easier

Copper erased earlier gains to end easier on Thursday, influenced by slowing economic conditions in the US that underscored the bearish sentiment surrounding demand prospects at the start of the year. Copper's mildly negative tone came after US gross dome
Published 29 Apr, 2011 12:00am
US MIDDAY: silver hits record near $50

US MIDDAY: silver hits record near $50

Silver soared to an all-time high on Thursday and gold rose to another record, as the dollar fell and as signs that the Federal Reserve would maintain a loose monetary policy stoke inflation worries. Silver briefly climbed to within a whisker of $50 an ou
Published 29 Apr, 2011 12:00am
US MIDDAY: silver hits record near $50

US MIDDAY: silver hits record near $50

Silver soared to an all-time high on Thursday and gold rose to another record, as the dollar fell and as signs that the Federal Reserve would maintain a loose monetary policy stoke inflation worries. Silver briefly climbed to within a whisker of $50 an ou
Published 29 Apr, 2011 12:00am
US MIDDAY: silver hits record near $50

US MIDDAY: silver hits record near $50

Silver soared to an all-time high on Thursday and gold rose to another record, as the dollar fell and as signs that the Federal Reserve would maintain a loose monetary policy stoke inflation worries. Silver briefly climbed to within a whisker of $50 an ou
Published 29 Apr, 2011 12:00am
CCP issues show cause notice to PVMA

CCP issues show cause notice to PVMA

The Competition Commission of Pakistan (CCP) has issued show cause notice to Pakistan Vanaspati Manufacturers Association (PVMA) for being a front for fixing the price of ghee/cooking oil and rate of transportation of edible oils in violation of Section 4
Published 29 Apr, 2011 12:00am
Yasin Malik arrested

Yasin Malik arrested

Jammu and Kashmir Liberation Front (JKLF) Chairman in Indian Occupied Kashmir, Mohammad Yasin Malik and three of his associates were arrested by Indian police during a peaceful demonstration against the arrest of a youth at Maisuma locality in Occupied Sr
Published 29 Apr, 2011 12:00am
Majority of government schools lacks sanitation, security: Fafen report

Majority of government schools lacks sanitation, security: Fafen report

Majority of government boys' primary schools do not have services of sanitary and support staff, said a report of FAFEN Education Institution Monitor, issued here on Thursday. It said that as many as 94 percent of monitored schools did not have a serving
Published 29 Apr, 2011 12:00am
PAF ready to meet all challenges: Air Chief

PAF ready to meet all challenges: Air Chief

Chief of the Air Staff, Air Chief Marshal Rao Qamar Suleman on Thursday said that Pakistani forces were aware of prevailing situation and fully prepared to meet all challenges. He was addressing to passing out parade of graduating and commissioning cadets
Published 29 Apr, 2011 12:00am
The Weather

The Weather

The weather report on Thursday (April 28, 2011) and the forecast for Friday (April 29, 2011).

Published 29 Apr, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (April 28, 2011).

Published 29 Apr, 2011 12:00am
KESC engages women to check power theft in Korangi

KESC engages women to check power theft in Korangi

In order to further strengthen its `Anti-theft campaign' in Korangi Sector 10, the Karachi Electric Supply Company (KESC) has joined hands with the local community with the help of a local NGO, to create a Women Empowerment Community Group. A KESC stateme
Published 29 Apr, 2011 12:00am
Enrolment notification: 'future of 95 percent schoolchildren at stake'

Enrolment notification: 'future of 95 percent schoolchildren at stake'

Education system in Sindh is being ruined and percentage of enrolment of children's in schools is decreasing day by day. Recently, an education week was celebrated by government/ non-governmental organisations for increasing enrolment but due to the notif
Published 29 Apr, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 29 Apr, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 29 Apr, 2011 12:00am
Womenfolk urged to come forward in business activities

Womenfolk urged to come forward in business activities

President of Hyderabad Chamber of Commerce & Industry, Gohar Ullah has said womenfolk should come forward in business activities. He also asked the businesswomen to ensure the participation of at least 25 women participants in the exhibition. He said that
Published 29 Apr, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (April 28, 2011).

Published 29 Apr, 2011 12:00am
ICI profit after tax increases to Rs 624.116 million

ICI profit after tax increases to Rs 624.116 million

The profit after tax of ICI Pakistan Limited has increased to rupees 624.116 million in the quarter ended on March 31, 2011 as compared to Rs 396.778 million earned in the corresponding period in 2010. The board of directors of the company, in its meeting
Published 29 Apr, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (April 28, 2011) and for Friday (April 29, 2011).
Published 29 Apr, 2011 12:00am
ICI profit after tax increases to Rs 624.116 million

ICI profit after tax increases to Rs 624.116 million

The profit after tax of ICI Pakistan Limited has increased to rupees 624.116 million in the quarter ended on March 31, 2011 as compared to Rs 396.778 million earned in the corresponding period in 2010. The board of directors of the company, in its meeting
Published 29 Apr, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (April 28, 2011).

Published 29 Apr, 2011 12:00am
Profit after tax of Unilever increases

Profit after tax of Unilever increases

The profit after tax of Unilever Pakistan Foods Limited has increased to Rs 145.047 million in the quarter ended March 31, 2011 as compared to Rs 97.861 million earned in the corresponding period in 2010. The board of directors of the company in its meeti
Published 29 Apr, 2011 12:00am
Profit after tax of Unilever increases

Profit after tax of Unilever increases

The profit after tax of Unilever Pakistan Foods Limited has increased to Rs 145.047 million in the quarter ended March 31, 2011 as compared to Rs 97.861 million earned in the corresponding period in 2010. The board of directors of the company in its meeti
Published 29 Apr, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (April 28, 2011).

Published 29 Apr, 2011 12:00am
Loss after tax of PIA increases to Rs 4.244 billion

Loss after tax of PIA increases to Rs 4.244 billion

The loss after tax of Pakistan International Airlines Corporation has increased to Rs 4.244 billion in the quarter ended on March 31, 2011 as compared to loss of Rs 2.529 billion posted in the corresponding period in 2010.
Published 29 Apr, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 28, 2011).

Published 29 Apr, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 28, 2011).

Published 29 Apr, 2011 12:00am
Four people killed in different parts of city

Four people killed in different parts of city

At least four persons including an activist of Katchi Rabita Council (KRC) were killed in separate incidents here on Thursday in the city. According to details, two bullet-riddled bodies were found in the jurisdiction of Surjani police station. The bodies
Published 29 Apr, 2011 12:00am
Need urged for manufacturing auto spare parts

Need urged for manufacturing auto spare parts

Former President, Karachi Chamber of Commerce and Industry (KCCI), Majid Aziz has emphasised the need that Pakistan should start manufacturing those auto spare parts which it is importing from various countries. He noted that Pakistan importing auto parts
Published 29 Apr, 2011 12:00am
After tax profit of PSO increases to Rs 9.258 billion

After tax profit of PSO increases to Rs 9.258 billion

The profit after tax of Pakistan State Oil Company (PSO), the largest oil marketing company in Pakistan, has increased to Rs 9.258 billion in the nine-month period ended on March 31, 2011 as compared to Rs 7.534 billion earned in the corresponding period
Published 29 Apr, 2011 12:00am
THE RUPEE: parity stays put

THE RUPEE: parity stays put

Steady trend was seen on the money market on Thursday as the rupee retained its levels in relation to dollar, dealers said. The rupee maintained its overnight levels in terms of dollar for buying and selling at 84.50 and 84.55, they said. In the fourth As
Published 29 Apr, 2011 12:00am
After tax profit of PSO increases to Rs 9.258 billion

After tax profit of PSO increases to Rs 9.258 billion

The profit after tax of Pakistan State Oil Company (PSO), the largest oil marketing company in Pakistan, has increased to Rs 9.258 billion in the nine-month period ended on March 31, 2011 as compared to Rs 7.534 billion earned in the corresponding period
Published 29 Apr, 2011 12:00am
THE RUPEE: parity stays put

THE RUPEE: parity stays put

Steady trend was seen on the money market on Thursday as the rupee retained its levels in relation to dollar, dealers said. The rupee maintained its overnight levels in terms of dollar for buying and selling at 84.50 and 84.55, they said. In the fourth As
Published 29 Apr, 2011 12:00am
CORRIGENDUM

CORRIGENDUM

Apropos the caption of the above photo in the special report on "World Day for Safety and Health" carried by Business Recorder on April 28, 2011, it should be read as "Dr Faizullah Abbasi, Managing Director SSGC, receiving Brand of the Year Award 2
Published 29 Apr, 2011 12:00am
Profit after tax of NML increases

Profit after tax of NML increases

The profit after tax (unconsolidated) of Nishat Mills Limited has increased to Rs 1,423.513 million in the quarter ended March 31, 2011 as compared to Rs 800.183 million earned in the corresponding period in 2010. The board of directors of the company, in
Published 29 Apr, 2011 12:00am
Profit after tax of NML increases

Profit after tax of NML increases

The profit after tax (unconsolidated) of Nishat Mills Limited has increased to Rs 1,423.513 million in the quarter ended March 31, 2011 as compared to Rs 800.183 million earned in the corresponding period in 2010. The board of directors of the company, in
Published 29 Apr, 2011 12:00am
Gold hits fresh high of Rs 48,400 per tola

Gold hits fresh high of Rs 48,400 per tola

Gold prices on Thursday struck the height ever mark of Rs 48,400 per tola on the local market after international market prices reached new peak of $1533 an ounce, traders said. Gold prices surged from Rs 47, 650 per tola with a rise of Rs 750 in a single
Published 29 Apr, 2011 12:00am
Two bodies found in Balochistan

Two bodies found in Balochistan

Police on Thursday found decomposed bodies of two persons from Ormara area of Mekran division. Police official said that on an information police recovered two bodies, which were later identified as Yousuf Nazir and Sidique Eido. The victims had gone miss
Published 29 Apr, 2011 12:00am
Fishermen demand security by Pakistan's Navy

Fishermen demand security by Pakistan's Navy

Local fishermen of tiny Baba and Bhit islands want a boost in the security patrolling by Pakistan Navy within the seaport navigational channel after the third terror attack on the navy bus in the last three days. "All sensitive installations of Pakistan N
Published 29 Apr, 2011 12:00am
Indus Motor sales grow by seven percent

Indus Motor sales grow by seven percent

The board of directors of Indus Motor Company Limited met on April 26 to review company's financial and operating performance for the third quarter ended March 31, 2011. According to a press release issued, here on Thursday, the company's sales grew by se
Published 29 Apr, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (April 28, 2011).

Published 29 Apr, 2011 12:00am
SBP's guidelines to avert e-banking frauds soon

SBP's guidelines to avert e-banking frauds soon

The State Bank of Pakistan is closely monitoring the rising cases of e-banking frauds and it will issue necessary guidelines to avert these crimes soon. So far SBP has completed more than 20 Information Systems Inspections for all major banks including fo
Published 29 Apr, 2011 12:00am
ZTBL Security Chief, others given for four-day remand

ZTBL Security Chief, others given for four-day remand

The court has granted four-day physical remand to Security Chief of Zarai Taraqiati Bank Limited (ZTBL) Colonel (Qazi Mansoor Retd) and other employees of the Bank to police custody and adjourned hearing till May 2. Islamabad Police presented the Security
Published 29 Apr, 2011 12:00am
Hafeez attends World Bank-IMF meetings

Hafeez attends World Bank-IMF meetings

Finance Minister, Dr Abdul Hafeez Shaikh attended the World Bank-IMF spring meetings in Washington D.C. last week. During the visit, Dr Shaikh also participated in an investor outreach event in New York organised by Bank of America Merrill Lynch and KASB
Published 29 Apr, 2011 12:00am
Policies should be growth oriented: Dr Baig

Policies should be growth oriented: Dr Baig

In a recent meeting of Prime Minister's Business Persons Council (BPC) with the President Asif Ali Zardari at Presidency, Dr Baig as a member of PM Business Persons Council, advised President and the economic team that the government did fairly good on th
Published 29 Apr, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Apr, 2011 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 29 Apr, 2011 12:00am