Prime Minister Syed Yousuf Raza Gilani called on President Asif Ali Zardari at Aiwan-e-Sadr on Saturday. The prime minister briefed the President about the in-camera briefing on Abbottabad incident.
At least six people were killed and 10 others wounded on Saturday when a bomb planted in a bus exploded in Kharian, police said. "At least six people were killed in the blast," senior police official Afzal Bhatti said, adding that those wounded have been
At least six people were killed and 10 others wounded on Saturday when a bomb planted in a bus exploded in Kharian, police said. "At least six people were killed in the blast," senior police official Afzal Bhatti said, adding that those wounded have been
US officials arrested three Pakistani Americans including two imams Saturday, charging them and three others with providing or seeking to provide "material support" to the Pakistani Taliban, the Justice Department said.
US officials arrested three Pakistani Americans including two imams Saturday, charging them and three others with providing or seeking to provide "material support" to the Pakistani Taliban, the Justice Department said.
The killing of Osama bin Laden by US special forces can trigger a backlash from his supporters and a "new wave of terror" across a giant area surrounding Afghanistan, a regional security body said on Saturday.
The killing of Osama bin Laden by US special forces can trigger a backlash from his supporters and a "new wave of terror" across a giant area surrounding Afghanistan, a regional security body said on Saturday.
The United States wants Pakistan to be a "real" ally in combating militants inside its borders but serious questions remain in relations between the countries after the killing of Osama bin Laden, US Senator John Kerry said on Saturday.
The United States wants Pakistan to be a "real" ally in combating militants inside its borders but serious questions remain in relations between the countries after the killing of Osama bin Laden, US Senator John Kerry said on Saturday.
Bearish sentiment was again witnessed on the money market at the weekend as the rupee drifted lower versus dollar in process of trading, dealers said. The rupee extended its slide versus dollar, losing 10 paisa for buying and selling at 85.20 and 85.25, t
Bearish sentiment was again witnessed on the money market at the weekend as the rupee drifted lower versus dollar in process of trading, dealers said. The rupee extended its slide versus dollar, losing 10 paisa for buying and selling at 85.20 and 85.25, t
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
The Shanghai Gold Exchange (SGE) will cut silver margin requirements back to 18 percent from 19 percent from May 13 settlements if there is no sharp movement in prices, it said on Friday. The SGE has hiked margin requirements for its silver forward contra
Rice prices were higher on the wholesales grain market on Saturday as rice exporters showed fresh interest in purchasing, dealers said. Only one change was seen on the rice sector, Irri-6 Sindh low type was up by Rs 75 to Rs 3550 and superior type followe
The May vaida was higher on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The May vaida that had closed at Rs 1333.50 opened with a gain of 30 paisa at Rs 1333.80. The July vaida commenced with no change at Rs 1421
Moderate activity was seen on the cotton market on Saturday as mills came back to make new purchasing, resumption of activity caused stability in the rates, some brokers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 8,5
Cash basis bids for corn and soyabeans were steady to firm in the US Midwest on Friday because producer selling remained at a near standstill, dealers said. Fieldwork and a drop in cash prices since mid-April have halted most farmer selling. Cash corn pri
ICE Canadian canola futures fell on Friday, following soyabeans down to end with a 1 percent weekly loss. Despite Manitoba flooding, concerns about planting delays easing with dry weekend forecast and progress in Alberta and western Saskatchewan - traders
Chicago corn futures trended up further on Friday as concerns mounted over delays in planting crop in the US Midwest corn belt, while soyabeans and wheat tracked commodity markets, extending gains. Oil, gold and copper rose on Friday as a weaker dollar en
More than 90 percent of Ivory Coast's stockpiled cocoa has retained its quality despite being stuck in warehouses for over three months during a violent political standoff, exporters said on Friday. The world's leading cocoa producer resumed raw bean expo
US wheat futures climbed modestly on Friday, rebounding from a near two-month low as flooding threatened wheat in the US Midwest and dry conditions stressed the crop in the southern US Plains. US soyabean futures fell and corn futures were choppy after cr
The Karachi Port handled 73,238 tonnes of cargo including 54,622 tonnes of import cargo, 18,616 tonnes of export cargo and 2,250 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 54,622 tonnes compri
French analyst Strategie Grains on Thursday cut its forecast for this year's soft wheat crop in the European Union by 3.6 million tonnes to 131.5 million tonnes, mainly due to the impact of drought in the west of the bloc. The new forecast was still 4 per
Sri Lankan shares rose on Friday for a second session led by large cap oil palms shares like Bukit Darah amid foreign outflows, while the rupee edged up on bank dollar sales. Sri Lanka's main share index closed 0.26 percent or 19.12 points up to 7,319.94,
Toronto's main stock index reversed early gains to finish slightly lower on Friday as volatile commodity prices weighed on the market. Canadian Natural Resources led the blue chip decliners, giving back 1.48 percent to finish at C$39.41. Nexen slid 2.34 p
China's benchmark short-term money market rate spiked up more than 40 basis points on Friday after the People's Bank of China announced a rise in bank reserve requirement ratios (RRR) after the market closed on Thursday. The weighted average seven-day gov
Indian federal bond yields ended up on Friday after cut-off yields at a $2.7 billion bond sale were higher -than forecast, and traders expect the volatility in global commodity prices and expectations of more rate increases to continue to weigh. The yield
Indian federal bond yields ended up on Friday after cut-off yields at a $2.7 billion bond sale were higher -than forecast, and traders expect the volatility in global commodity prices and expectations of more rate increases to continue to weigh. The yield
Groupama Asset Management sees equities retreating in the next few months, dragged down by lacklustre macro data from Europe and the United States, where the end of the Federal Reserve's quantitative easing looms. The Paris-based fund management firm, whi
Groupama Asset Management sees equities retreating in the next few months, dragged down by lacklustre macro data from Europe and the United States, where the end of the Federal Reserve's quantitative easing looms. The Paris-based fund management firm, whi
The big money is calling a halt to the surge in stock prices. Declines in oil and metals prices are being seen by an increasing number of fund managers and strategists as a signal to get out of riskier areas of the equity market. And that means avoiding t
Overseas shares traded in the United States fell on Friday as concerns about the global economic growth and Europe's debt crisis prompted investors to sell stocks. European companies traded in the US led losses after hawkish comments from European Central
Turkish equities suffered a late slump to close at a six-week low on Friday, on fears that the country's banks will be hit with another increase to required reserve ratios, squeezing profits further. The Istanbul share index underperformed a flat emerging
Italy sold nearly 5.2 billion euros ($7.38 billion) of fixed-rate BTP bonds on Friday paying a slightly lower yield on the two bonds on prospects for a tightening of spreads with German bunds. The Italian Treasury sold 3.413 billion euros of five-year BTP
Italy sold nearly 5.2 billion euros ($7.38 billion) of fixed-rate BTP bonds on Friday paying a slightly lower yield on the two bonds on prospects for a tightening of spreads with German bunds. The Italian Treasury sold 3.413 billion euros of five-year BTP
Latin American stocks fell to their lowest since September on Friday as concerns about the global economy and Europe's debt crisis pushed investors to dump riskier assets across the board. The MSCI Latin American index shed 1.41 percent and it notched its
A chorus of analysts have deemed Treasuries to be 'overbought,' with yields - especially in the riskier, longer-dated securities - too low to reflect current economic conditions and the inflation outlook. But despite evidence of price pressures and contin
A chorus of analysts have deemed Treasuries to be 'overbought,' with yields - especially in the riskier, longer-dated securities - too low to reflect current economic conditions and the inflation outlook. But despite evidence of price pressures and contin
US stocks ended a second week of losses on a down note Friday, reflecting growing worries that stocks are on the precipice of a pullback. Concern about slowed growth world-wide, the coming end of a supportive Federal Reserve policy and the fear of a worse
Investors slashed their bets on the Singapore dollar by the most in six months and became less bullish on the yuan, as volatile commodity markets and Greece's debt problems lifted the USD, a monthly Reuters poll showed on Friday. Currency investors turned
Currency speculators trimmed bets against the dollar in the latest week and opened a long position in the yen for the first time in six weeks, data from the Commodity Futures Trading Commission showed on Friday. The value of the dollar's net short positio
The Kenyan and Ugandan shillings are both seen under pressure next week, with the Kenyan currency likely to flirt with a record low against the dollar, due in part to central bank foreign exchange buying.
Canada's dollar hit its weakest level against the greenback in more than six weeks on Friday, driven lower by a broad rally in the safe-haven greenback and a sell-off in the euro as worries about global growth mounted. The euro, a recent barometer of risk
Key euro-priced bank-to-bank lending rates crept higher on Friday as markets focused on whether stronger-than-expected economic growth in the euro zone will prompt the ECB to proceed with further rate hike plans. Germany, Europe's largest economy, grew by
The US dollar rose to a five-week high against major currencies on Friday as renewed worries about possible euro zone sovereign debt restructuring continued to drive a broad pullback from risky trades in commodities, stocks, and high-yielding currencies.
Australian leg-spin legend Shane Warne has apologised for his part in a bust-up with a cricket official after a recent Indian Premier League (IPL) match, reports said on Saturday. Warne, captain of the Rajasthan Royals IPL team, was involved in an angry e
Manchester United were crowned English champions for a record 19th time on Saturday when Wayne Rooney's penalty earned a 1-1 draw at Blackburn Rovers and the point they needed to win the Premier League title. Rooney, who came close to quitting United earl
Manchester City's 35-year wait for a trophy ended when Yaya Toure's unstoppable shot sealed a deserved 1-0 win over Stoke City in the FA Cup final on Saturday. Having secured a place in the Champions League qualifiers for the first time, City's fifth FA C
Kamran Public School beat City School by 9 wickets in the first State Bank of Pakistan Inter-School T20 Cricket Tournament which got under way at SBP Sports Complex, North Nazimabad, Karachi on Saturday. Batting first, City School scored 91 runs for the l