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Apr 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-06-23
Chief minister Sindh suspends president PPP Rathodero

Chief minister Sindh suspends president PPP Rathodero

Sindh Chief Minister, Syed Qaim Ali Shah has suspended president Pakistan Peoples Party (PPP) Taluka Rathodero, district Larkana, Ghulam Mustafa Agham. Syed Qaim Ali Shah, who is also President Pakistan Peoples Party (PPP) Sindh has suspended Ghulam Musta
Published 23 Jun, 2011 12:00am
Four killed in Quetta attack

Four killed in Quetta attack

At least four people were killed and 11 others injured when unknown gunmen fired at a bus carrying about 30 pilgrims in Quetta Wednesday. The attack took place in HazarGanji town. The attacked bus was carrying pilgrims, who were returning from Iran via bo
Published 23 Jun, 2011 12:00am
Pakistan to stay in MSCI Frontier Index

Pakistan to stay in MSCI Frontier Index

MSCI will not include Pakistan Index in the review list for potential reclassification to Emerging Markets as part of 2012 Annual Market Classification Review, according to the results announced by MSCI 2011 Annual Classification Review. Every June, MSCI
Published 23 Jun, 2011 12:00am
Pakistan to stay in MSCI Frontier Index

Pakistan to stay in MSCI Frontier Index

MSCI will not include Pakistan Index in the review list for potential reclassification to Emerging Markets as part of 2012 Annual Market Classification Review, according to the results announced by MSCI 2011 Annual Classification Review. Every June, MSCI
Published 23 Jun, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (June 22, 2011).
Published 23 Jun, 2011 12:00am
Pakistan to stay in MSCI Frontier Index

Pakistan to stay in MSCI Frontier Index

MSCI will not include Pakistan Index in the review list for potential reclassification to Emerging Markets as part of 2012 Annual Market Classification Review, according to the results announced by MSCI 2011 Annual Classification Review. Every June, MSCI
Published 23 Jun, 2011 12:00am
Pakistan to stay in MSCI Frontier Index

Pakistan to stay in MSCI Frontier Index

MSCI will not include Pakistan Index in the review list for potential reclassification to Emerging Markets as part of 2012 Annual Market Classification Review, according to the results announced by MSCI 2011 Annual Classification Review. Every June, MSCI
Published 23 Jun, 2011 12:00am
PML-N doing politics of confrontation, says Babar

PML-N doing politics of confrontation, says Babar

PPP leader senator Babar Awan on Wednesday said the PML-N was doing the politics of confrontation and wanted conflict among state institutions. Talking to newsmen here at the Parliament House, Babar Awan said the language being used by the leaders of Paki
Published 23 Jun, 2011 12:00am
THE RUPEE: road to recovery versus dollar

THE RUPEE: road to recovery versus dollar

The rupee maintained its recovery against dollar on the currency market on Wednesday in process of trading, experts said. The rupee on the back of easy availability of dollar, managed to rise 13 paisa in relation to US currency for buying and selling at 8
Published 23 Jun, 2011 12:00am
Parliamentary proceedings cannot be challenged in any court: Rabbani

Parliamentary proceedings cannot be challenged in any court: Rabbani

Mian Raza Rabbani Head 18th Amendment Implementation Commission on Wednesday said that Chairman Senate has the power to review, revisit or even amend his ruling as it was inherent powers of the Chairman but not clearly described in the rules, adding the P
Published 23 Jun, 2011 12:00am
THE RUPEE: road to recovery versus dollar

THE RUPEE: road to recovery versus dollar

The rupee maintained its recovery against dollar on the currency market on Wednesday in process of trading, experts said. The rupee on the back of easy availability of dollar, managed to rise 13 paisa in relation to US currency for buying and selling at 8
Published 23 Jun, 2011 12:00am
Firdous stresses need of changing mindset of people

Firdous stresses need of changing mindset of people

Minister for Information and Broadcasting Dr Firdous Ashiq Awan has said that there was an immense need of changing the mindset of the masses for bringing radical changes in the society and collective efforts in this regard were directly needed.
Published 23 Jun, 2011 12:00am
About 6.34 million tons of wheat procured

About 6.34 million tons of wheat procured

The provincial food departments and official grains procurement agency-Pakistan Agriculture Storage and Services Corporation (Passco) so far procured about 6.34 million tons of wheat for the year 2011-12. An official of Ministry of Food and Agriculture (M
Published 23 Jun, 2011 12:00am
Brigadier's arrest disgusting: Jamaat-e-Islami

Brigadier's arrest disgusting: Jamaat-e-Islami

The Jamaat-e-Islami Lahore chapter Ameer Ameer-ul-Azeem has said that arrest of a military brigadier due to his ties with Hizbut Tahrir is disgusting; nobody can be called anti-state or enemy of the country merely on the basis of his religious beliefs.
Published 23 Jun, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 22, 2011).
Published 23 Jun, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 22, 2011).
Published 23 Jun, 2011 12:00am
Ex gratia payment for health professionals

Ex gratia payment for health professionals

The Pakistan Medical Association Lahore office bearers Dr M Tanveer Anwar, Dr Izhar Ahmed Chaudhry, Dr M Ashraf Nizami, Dr Shahid Malik, Dr Sabahat Habib Khan, Dr Kamran Saeed and Dr Salman Kazmi have demanded of the Punjab government to pay Rs 100000 to
Published 23 Jun, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (June 22, 2011).
Published 23 Jun, 2011 12:00am
Minfa asks Centre to keep PDDC functional till 2014

Minfa asks Centre to keep PDDC functional till 2014

The Ministry of Food and Agriculture (Minfa) has urged the Federal government to keep Pakistan Dairy Development Company (PDDC) functional till 2014 so that the tripartite legal agreements between the Company, 1161 dairy farm owners and the financial inst
Published 23 Jun, 2011 12:00am
Jamaat-e-Islami, Muslim Brotherhood to join hands

Jamaat-e-Islami, Muslim Brotherhood to join hands

Religious political party Jamaat e Islami, Pakistan and the Ikhwanul Muslimoon (Muslim Brotherhood) of Egypt have decided to make joint efforts for the solution of the Muslim Ummah's problems including Kashmir and Palestine and play their role in the publ
Published 23 Jun, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (June 22, 2011).
Published 23 Jun, 2011 12:00am
Five million Pakistanis at risk from floods, says UN

Five million Pakistanis at risk from floods, says UN

Up to five million people in Pakistan are at risk from floods this year, partly due to poor reconstruction and the inadequate rehabilitation of survivors who are still reeling from last year's epic deluge, the UN said on Wednesday. Monsoon floods began ro
Published 23 Jun, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (June 22, 2011) and for Thursday (June 23, 2011).
Published 23 Jun, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (June 22, 2011).
Published 23 Jun, 2011 12:00am
Support for military action against militants drops: poll

Support for military action against militants drops: poll

Domestic support for the Pakistani military's campaign against militant groups has waned in recent years, a poll by a US group has found, showing deep-rooted opposition among the Pakistani public to the United States.
Published 23 Jun, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.
Published 23 Jun, 2011 12:00am
Transfers, postings in Punjab

Transfers, postings in Punjab

The Punjab government has on Wednesday carried out transfers and postings of government officials. According to a notification, Abdul Shakoor, District Officer (Human Resource Management), Layyah, has been transferred and posted as Deputy Secretary in Pun
Published 23 Jun, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.
Published 23 Jun, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (June 22, 2011).
Published 23 Jun, 2011 12:00am
Mangla dam water storage capacity raised to 5.5MAF

Mangla dam water storage capacity raised to 5.5MAF

Water and Power Development Authority has allowed Indus River System Authority (Irsa) to store 0.5 MAF more water in the upgraded Mangla dam on river Jhelum this year. Earlier the reservoir had the capacity to store 4.5 million-acre feet water up to its m
Published 23 Jun, 2011 12:00am
The Weather

The Weather

The weather report on Wednesday (June 22, 2011) and the forecast for Thursday (June 23, 2011).
Published 23 Jun, 2011 12:00am
India releases six Pakistani prisoners

India releases six Pakistani prisoners

The Indian government on Wednesday released six Pakistani prisoners. The India authorities handed over the prisoners to the Pakistan Rangers officials at Wahga Boarder near here, Rangers sources said. The prisoners were arrested by Indian official on diff
Published 23 Jun, 2011 12:00am
Five militants killed in encounter

Five militants killed in encounter

Police claimed to have killed five suspected militants in an alleged encounter in Sarband area in suburbs of Peshawar in the small hours on Wednesday. Speaking at a press conference at Malik Saad Khan Police lanes the acting superintendent of cantonment c
Published 23 Jun, 2011 12:00am
Mirani dam vital for socio-economic uplift: Wapda

Mirani dam vital for socio-economic uplift: Wapda

Mirani Dam is a vital project for socio-economic uplift of the backward areas, as it would boost agriculture, develop fisheries and livestock, help mitigate floods, and provide water for domestic use. While briefing the Senator, Dr Abdul Malik Baloch abou
Published 23 Jun, 2011 12:00am
FDA constructs eight small dams despite all odds

FDA constructs eight small dams despite all odds

Despite difficult circumstances in FATA, the FATA Development Authority has succeeded in completing eight small dams; two each in Bajaur, Kurram, North Waziristan and one each in Khyber and South Waziristan agencies. The work on four such schemes; one eac
Published 23 Jun, 2011 12:00am
ANP says targeted killings increase after 'peace talks'

ANP says targeted killings increase after 'peace talks'

Criticising recent targeted killings of the activists of Awami National Party (ANP), Qadir Khan, a spokesman of ANP Sindh chapter, said that some conspirators want to disturb peace of Karachi by targeting political activists. In a statement issued here on
Published 23 Jun, 2011 12:00am
'PPP should not take the matter to point of no return'

'PPP should not take the matter to point of no return'

Pakistan Muslim League-Mawaz (PML-N) said that Pakistan People's Party (PPP) should not take political differences to the point of no return. "The country cannot function properly if the military remains dominant instead of civil government. The military
Published 23 Jun, 2011 12:00am
Khyber Pakhtunkhwa approves contingency plan for flood control

Khyber Pakhtunkhwa approves contingency plan for flood control

Chief Minister Khyber Pakhtunkhwa Ameer Haidar Khan Hoti has approved a comprehensive contingency plan for controlling possible devastated flood during monsoon rains and directed PDMA for ensuring provision of assistance materials, food and other needs in
Published 23 Jun, 2011 12:00am
Customs recovers DVDs, cigarettes from smuggler

Customs recovers DVDs, cigarettes from smuggler

Anti-smuggling department of Customs Lahore on Wednesday recovered DVDs and cigarettes worth Rs 2 million from one Usman Khan awaiting the customer near Minar-e-Pakistan. According to details, Anti-smuggling department of customs received information that
Published 23 Jun, 2011 12:00am
Transfer of offenders: Pak-Thai pact goes into effect

Transfer of offenders: Pak-Thai pact goes into effect

Pakistan and Thailand formally affected the transfer of 11 Pakistani prisoners to Pakistan in Bangkok, in pursuance of the bilateral Agreement on "Co-operation in the Transfer of Offenders and Enforcement of Penal Sentences." These 11 prisoners are part o
Published 23 Jun, 2011 12:00am
NCHD employees protest: police action leaves 12 injured

NCHD employees protest: police action leaves 12 injured

About a dozen of people including six women were wounded when police resorted to baton charge and teargas shelling to disperse the employees of National Commission for Human Development (NCHD), protesting against the devolution of the organisation to the
Published 23 Jun, 2011 12:00am
99 scholarships approved under HEC-USAID programme

99 scholarships approved under HEC-USAID programme

A total of 99 scholarships have been approved under 'HEC-USAID Merit and Needs based Programme' for the academic year 2010-11. This was decided in the meeting of Scholarship Management Committee held here on Wednesday, chaired by Executive Director, HEC D
Published 23 Jun, 2011 12:00am
Drone attacks: LHC to hear petition today

Drone attacks: LHC to hear petition today

The Lahore High Court here on Thursday (today) will hear the petition of Jamat-ud Dawa Chief Hafiz Muhammad Saeed for the implementation of a resolution unanimously passed by parliament against US drone attacks on Pakistani soil. The petitioner Hafiz Saee
Published 23 Jun, 2011 12:00am
Security beefed up in federal capital

Security beefed up in federal capital

Security was beefed up in federal capital in the wake of recent terrorist attacks, as the security check points abolished in January this year were re-established to avert any sabotaging bid. Moreover, a Special Task Force was constituted in Interior Mini
Published 23 Jun, 2011 12:00am
PML-N hits out at Zardari for censuring Nawaz

PML-N hits out at Zardari for censuring Nawaz

Pakistan Muslim League-Nawaz (PML-N) Wednesday hit hard at President Asif Ali Zardari for criticising the party's chief Mian Nawaz Sharif, as the confrontation between the two major political parties finally touched great heights.
Published 23 Jun, 2011 12:00am
Haqqani urges mutual respect for long-term Pak-US ties

Haqqani urges mutual respect for long-term Pak-US ties

Pakistan's ambassador to the United States has said it is through demonstration of mutual respect that the two countries can forge a long-term relationship. "Both countries have their respective processes. We need to show respect for each other's processe
Published 23 Jun, 2011 12:00am
Civil society organisations want enactment of law for IDPs

Civil society organisations want enactment of law for IDPs

Civil society organisations Wednesday launched a campaign on proposed drafted law regarding Internally Displaced Persons (IDPs), in Khyber Pakhtunkhwa aiming to develop a mechanism to give due status and rights to uprooted people by natural and manmade di
Published 23 Jun, 2011 12:00am
Musharraf sabotaged Kashmir solution, says Nawaz

Musharraf sabotaged Kashmir solution, says Nawaz

Former Prime Minister and Chief of Pakistan Muslim League (N) Nawaz Sharif on Wednesday blasted former President Pervez Musharraf for sabotaging the possible solution of Kashmir dispute by opening the Kargil front in 1999. Addressing a public gathering he
Published 23 Jun, 2011 12:00am
Blast kills Levy man at Jamrud check point

Blast kills Levy man at Jamrud check point

One personnel of Khasadar Force was killed while three others injured in bomb blast near security checkpoint at Jamrud of Khyber Agency on Wednesday. According to political administration of Khyber Agency, the time bomb went off closed to checkpoint of Kh
Published 23 Jun, 2011 12:00am
President flayed for using indecent language

President flayed for using indecent language

Provincial Minister for Finance Kamran Micheal has said that President Asif Ali Zardari by using "very indecent" language about Quaid Muslim League N Muhammad Nawaz Sharif has proved that he is not fit for the office of the President. He said that objecti
Published 23 Jun, 2011 12:00am
PCGA seeks representation in power cos' BoDs

PCGA seeks representation in power cos' BoDs

The Pakistan Cotton Ginners' Association (PCGA) has requested the federal government for its representation in the Boards of Directors (BoDs) of Multan Electric Power Company (Mepco), Hyderabad Electric Supply Company (Hesco), Pakistan Electric Power Comp
Published 23 Jun, 2011 12:00am
Three educational institutions rehabilitated in Upper Dir

Three educational institutions rehabilitated in Upper Dir

In a bid to revive the education sector in a conflict hit area, the district administration has rehabilitated and equipped three educational institutions in Joghabanj and Badarkani villages of district Upper Dir under the Malakand Development Programme (M
Published 23 Jun, 2011 12:00am
PPP Punjab criticises PML-N leadership

PPP Punjab criticises PML-N leadership

Pakistan People's Party (PPP) Punjab has criticised the PML-N leadership for bashing President Asif Ali Zardari. The PPP Punjab Secretary Information Dr Fakhar-ud-Din said the PML-N chief Nawaz Sharif was trying to put the national institutions at loggerh
Published 23 Jun, 2011 12:00am
Inter-provincial gang of car lifters, cheaters busted

Inter-provincial gang of car lifters, cheaters busted

Islamabad Police have busted an inter-provincial gang of car lifters and cheaters involved in sale of bank defaulted, non-custom paid and stolen vehicles on fake documents while two tampered vehicles, two rifles, fake registration books and other material
Published 23 Jun, 2011 12:00am
Heritage caravan visits historic sites in Swat

Heritage caravan visits historic sites in Swat

Heritage caravan, under the Tourism Corporation (KP-TC), visited historic sites in scenic valley of Swat. The heritage caravan members included senior citizens, teenagers, and students. During weeklong visit to valley, the 26 members caravan had explored
Published 23 Jun, 2011 12:00am
Mercury rise adds to people's woes

Mercury rise adds to people's woes

An increase in mercury has added to the miseries of people amid rising load shedding in the country. Power generation during last 24 hours stood at 14277MW against a demand of 17388MW, leaving the system with a shortfall of 3111MW. The hydel, thermal, IPP
Published 23 Jun, 2011 12:00am
Iesco power suspension notice

Iesco power suspension notice

According to Iesco spokesman, due to electricity maintenance/development work the Power supply of the areas fall under the following feeders would remain suspended as under: On Friday June (24) morning 7 am to 11 am, Rachna Woolen Mill feeder, Ball feeder
Published 23 Jun, 2011 12:00am
Punjab Assembly passes 2011-12 budget

Punjab Assembly passes 2011-12 budget

Punjab Assembly in its 27th budgetary session here on Wednesday approved 43 Demands for Grants worth Rs 653 billion and with that it passed the 2011-12 budget. Three cut motions of opposition were rejected. The Budget was passed with majority vote when PP
Published 23 Jun, 2011 12:00am
Reko Diq refinery to be set up soon: minister

Reko Diq refinery to be set up soon: minister

Balochistan Finance Minister Asim Kurd on Wednesday said that the feasibility report for Reko Diq gold and copper project has been finalised and funds for setting up a refinery have been allocated in the 2011-12 budget. Addressing post-budget briefing at
Published 23 Jun, 2011 12:00am
Fake companies involved in illegal export of wet blue, split leather

Fake companies involved in illegal export of wet blue, split leather

A number of companies, with fictitious names, are involved in unlawful exports of wet blue and wet blue split leather, causing huge financial loss to the public exchequer, besides creating dearth of raw material for the local leather industry.
Published 23 Jun, 2011 12:00am
Flood victims: chief minister Punjab presented Rs 0.7 million cheque

Flood victims: chief minister Punjab presented Rs 0.7 million cheque

Punjab Chief Minister Shahbaz Sharif said that philanthropists had donated more than Rs 1.5 billion generously to his flood relief fund. He expressed these views during a meeting with Dr Najma Afzal Khan, wife of MPA Rana Muhammad Afzal Khan, disclosed an
Published 23 Jun, 2011 12:00am
Budget debate continues in Sindh Assembly

Budget debate continues in Sindh Assembly

A PPP legislator, Imran Zafar Laghari on Wednesday expressed dissatisfaction over the budget in the provincial assembly for the next fiscal year and regretted that bureaucracy had ignored his flood-ravaged district completely to allocate share in the upli
Published 23 Jun, 2011 12:00am
Six suspects arrested in Islamabad

Six suspects arrested in Islamabad

Islamabad Police during its campaign against the criminals have arrested six persons for their alleged involvement in different crimes, besides recovering two pistols, 3.310-kg charas, 19 bottles of liquor from them. One woman was kidnapped and two women
Published 23 Jun, 2011 12:00am
Over 0.8 million metric tons of wheat lying under open sky

Over 0.8 million metric tons of wheat lying under open sky

Despite the passage of about two months, Sindh food department could not arrange godowns to store the procured wheat of over 0.8 million metric tons, it was learnt on Wednesday. The Sindh food department had achieved its wheat procurement target of 1.5 mi
Published 23 Jun, 2011 12:00am
Bahrain opposition men handed life sentences

Bahrain opposition men handed life sentences

Bahrain sentenced eight prominent Shia Muslim activists and opposition leaders to life in prison on Wednesday on charges of plotting a coup during protests in the Gulf island kingdom earlier this year. The sentencing could inflame tension in the Gulf Arab
Published 23 Jun, 2011 12:00am
Sharapova dreams of repeating Wimbledon triumph

Sharapova dreams of repeating Wimbledon triumph

Former champion Maria Sharapova admits winning a second Wimbledon title would be the perfect way to erase the painful memories of her injury woes. Sharapova has struggled with a host of ailments over the last two years that caused her ranking to slip and
Published 23 Jun, 2011 12:00am
Li Na domain name up for grabs

Li Na domain name up for grabs

The soaring popularity of China's first Grand Slam champion Li Na is good news for a fan who owns the lina.cn domain name - now expected to fetch at least 100,000 yuan ($15,500) at auction next month. Liu Tailong - who bought the domain name for little mo
Published 23 Jun, 2011 12:00am
Zheng through in straight sets

Zheng through in straight sets

Zheng Jie, China's 2008 Wimbledon semi-finalist, made it through to the second round on Wednesday with a 7-5, 6-0 victory over Zuzana Ondraskova of the Czech Republic. There was little to separate the pair in the first set but Zheng raced away with the se
Published 23 Jun, 2011 12:00am
Venus struggles into third round

Venus struggles into third round

Venus Williams survived a huge scare before advancing to the third round at Wimbledon here Wednesday, downing Japanese veteran Kimiko Date-Krumm 6-7 (6/8), 6-3, 8-6 in a marathon three-hour battle. Five-time champion Williams, seeded 23 after a recent ret
Published 23 Jun, 2011 12:00am
FIFA report accuses Bin Hammam of bribery bid

FIFA report accuses Bin Hammam of bribery bid

Mohamed Bin Hammam tried to bribe officials in his campaign to oust Sepp Blatter as FIFA president, according to a secret report by the organisation's ethics committee obtained by Britain's Press Association. There was "comprehensive, convincing and overw
Published 23 Jun, 2011 12:00am
William and Kate in £1 million charity wedding gift

William and Kate in £1 million charity wedding gift

A fund set up by Prince William and Catherine to receive donations instead of wedding gifts has raised more than £1 million (1.2 million euros $1.7 million) for charity, palace officials said Wednesday. The money will go to 26 charities personally chosen
Published 23 Jun, 2011 12:00am
Michelle Obama urges Africa to advance women's rights

Michelle Obama urges Africa to advance women's rights

US First Lady Michelle Obama urged young Africans on Wednesday to fight for women's rights and battle the stigma of AIDS, using her husband's "yes, we can" campaign slogan to motivate youth across the continent. Obama is on her second solo trip abroad as
Published 23 Jun, 2011 12:00am
Three killed, 32 injured in Peru student protests

Three killed, 32 injured in Peru student protests

Three people were killed and 32 injured when Peruvian students clashed with police over plans for a new university in the central region of Huancavelica, officials said Wednesday. Authorities said the clashes erupted late Tuesday and went on into the nigh
Published 23 Jun, 2011 12:00am
Misrata hit; China shifts towards rebels

Misrata hit; China shifts towards rebels

Libya's rebels gained on the diplomatic front on Wednesday by securing China's recognition as a "dialogue partner", but suffered on the battlefield where Muammar Qadhafi's forces were able to shell their stronghold of Misrata. Four months into the uprisin
Published 23 Jun, 2011 12:00am
Taiwan lifts historic ban on Chinese solo tourists

Taiwan lifts historic ban on Chinese solo tourists

Taiwan on Wednesday lifted a decades-old ban on travel to the island by individual Chinese tourists, saying visitors would act as "peace ambassadors" for the former arch foe. The first batch of independent mainland tourists, from Beijing, Shanghai and the
Published 23 Jun, 2011 12:00am
US copper up

US copper up

Copper ended with a near 1 percent gain on Tuesday, tracking gains in the broader financial market, as investors grew more optimistic that Greece will avoid a debt default. Risk sentiment improved and the euro rose for a fourth straight session, helping p
Published 23 Jun, 2011 12:00am
Saudi Arabia gives $70 million for Palestinian housing in Gaza

Saudi Arabia gives $70 million for Palestinian housing in Gaza

A UN agency aiding Palestinian refugees said Wednesday that Saudi Arabia is contributing $70 million for new housing units in the Gaza Strip. Israel has authorised construction of the 1,200 new homes and 18 badly needed schools in Gaza, in what would be o
Published 23 Jun, 2011 12:00am
Demand for sustainable cocoa to surge

Demand for sustainable cocoa to surge

Global demand for sustainable cocoa that pays a stable price to farmers and protects the environment is set to surge well over fivefold to more than 200,000 tonnes a year by 2020, Fairtrade said on Wednesday. Alex Assanvo, global product manager of the Fa
Published 23 Jun, 2011 12:00am
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