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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-07-15
Weak commodities, banks drag FTSE down

Weak commodities, banks drag FTSE down

Falls among commodity issues sapped the strength of Britain's top share index on Thursday, as worries over global growth clouded the demand outlook for metals and oils. At the close, the FTSE 100 index was down 59.48 points, or 1.0 percent at 5,846.95, re
Published 15 Jul, 2011 12:00am
New Zealand dollar storms to 30-year peak

New Zealand dollar storms to 30-year peak

The New Zealand and Australian dollars were in demand on Thursday with the kiwi storming to a 30-year peak as data showing faster-than-expected economic growth spurred bets of higher interest rates. The Aussie also rose as suggestions of further stimulus
Published 15 Jul, 2011 12:00am
Sterling rises versus dollar

Sterling rises versus dollar

Sterling was firm near a three-week high against a broadly weak dollar on Thursday, but slipped against the euro as concerns about the fragile UK economy and the prospect of interest rates staying at ultra-low levels for a prolonged period weighed.
Published 15 Jul, 2011 12:00am
Dollar on the run in Asia

Dollar on the run in Asia

The US dollar was on the run in Asia on Thursday after a ratings warning from Moody's and a hint of further policy easing from the Federal Reserve unleashed a wave of panic selling, much to the relief of the hard-pressed euro. As fiscal problems hurt not
Published 15 Jul, 2011 12:00am
Dollar tumbles versus franc, yen in London

Dollar tumbles versus franc, yen in London

The dollar hit a record low against the Swiss franc and a four-month trough versus the yen on Thursday on expectations of further monetary easing by the Federal Reserve and a credit warning on US debt. Ratings agency Moody's issued a warning on the United
Published 15 Jul, 2011 12:00am
Early trade in New York: dollar springs back

Early trade in New York: dollar springs back

The dollar erased losses against most major currencies on Thursday after Federal Reserve Chairman Ben Bernanke doused mounting market speculation that another round of monetary easing was on the way. The euro, which had been trading near $1.4225, shed its
Published 15 Jul, 2011 12:00am
Dollar tumbles broadly

Dollar tumbles broadly

The dollar tumbled on Wednesday, posting its worst performance against a basket of currencies in almost a month, after Federal Reserve chief Ben Bernanke said the Fed could inject more stimulus to the US economy if it weakens further. The dollar also fell
Published 15 Jul, 2011 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 74.51/74.53 (previous 74.52/74.53). Call Money Rates: 10.00-12.00 percent (previous 9.00-12.00 percent).
Published 15 Jul, 2011 12:00am
Swiss franc hits new peak

Swiss franc hits new peak

Worries about the United States losing its sterling credit rating and the saga of the eurozone debt crisis sent the Swiss franc to record highs against both the dollar and the euro on Thursday. The safe-haven franc has repeatedly hit records against both
Published 15 Jul, 2011 12:00am
Singapore dollar, won surge

Singapore dollar, won surge

Leveraged funds bought emerging Asian currencies on Thursday, sending the Singapore dollar to a fresh record high and the South Korean won to a near three-year peak, as Moody's warning of a possible US downgrade and the Fed's comments on further stimulus
Published 15 Jul, 2011 12:00am
Yuan hits all-time high versus dollar

Yuan hits all-time high versus dollar

The yuan touched an all-time high versus the dollar on Thursday after the People's Bank of China set a record high fixing, sending a signal that the government wants to continue to let the currency appreciate for now. Spot yuan hit an all-time high of 6.4
Published 15 Jul, 2011 12:00am
Eonia rate jumps

Eonia rate jumps

The results of eurozone banking stress tests on Friday should boost confidence in the sector to a degree but a long-term solution to the eurozone's debt crisis will be necessary for the interbank lending market to return to full functionality. Unsecured b
Published 15 Jul, 2011 12:00am
Dhoni urges India to stick to basics

Dhoni urges India to stick to basics

India captain Mahendra Singh Dhoni says that if his side stick to the basics, preserving their number one Test ranking will take care of itself. Dhoni's team, also the 50-over world champions, have topped the ICC's Test table for more than a year but coul
Published 15 Jul, 2011 12:00am
ICC to 'protect pinnacle' ahead of 2,000th Test

ICC to 'protect pinnacle' ahead of 2,000th Test

As England and India get ready to contest what will be the 2,000th Test match ever played, the International Cricket Council has promised to protect the "pinnacle form of the game". Next week's first of a four-match series at Lord's, the 'home of cricket'
Published 15 Jul, 2011 12:00am
Meat eaters beware! Shanghai warns swimmers

Meat eaters beware! Shanghai warns swimmers

Swimmers taking part in the World Championships in Shanghai have been advised by city officials to eat only at designated restaurants to avoid the possibility of illegal drugs entering their systems, reported the Shanghai Daily on Thursday.
Published 15 Jul, 2011 12:00am
Patrick Vieira retires to take up new City post

Patrick Vieira retires to take up new City post

France World Cup-winner Patrick Vieira has retired as a player to take up a new role of football development executive at current club Manchester City, the English Premier League side said Thursday. Born in Senegal the 35-year-old midfielder won three Pre
Published 15 Jul, 2011 12:00am
Japan, USA set for World Cup final showdown

Japan, USA set for World Cup final showdown

Japan and the United States set up a clash for the biggest prize in women's football after seeing off European hopefuls Sweden and France by identical 3-1 scorelines in Wednesday's semi-finals at the World Cup. Asian giants Japan emphatically beat Sweden
Published 15 Jul, 2011 12:00am
Venezuela gatecrash - but old order rules Copa

Venezuela gatecrash - but old order rules Copa

After two games at the 43rd Copa America left hosts Argentina, holders Brazil and 14-times winners Uruguay winless it seemed the old order of South American football could be facing a challenge to its long supremacy. But try as they might to shake the tre
Published 15 Jul, 2011 12:00am
Pakistan cueists lose 3-2 to Wales in World Snooker Cup

Pakistan cueists lose 3-2 to Wales in World Snooker Cup

Pakistan cueists again fought well before going down 2-3 against Wales in the World Cup Snooker Team Championship in Bangkok (Thailand) on Thursday. Pakistan Champion Shahid Aftab and former Asian number two Muhammad Sajjad made a disappointing start by c
Published 15 Jul, 2011 12:00am
Sanchez wins 12th stage

Sanchez wins 12th stage

Olympic champion Samuel Sanchez of Euskaltel claimed his maiden Tour de France stage victory on the 211km 12th stage from Cugnaux to Luz Ardiden on Thursday. Frenchman Thomas Voeckler, of Europcar, upset the formbook to retain the race leader's yellow jer
Published 15 Jul, 2011 12:00am
West Indies women to face Pakistan in day/night affair

West Indies women to face Pakistan in day/night affair

Guyana will play hosts to first ever women's day/night match in the Caribbean outside of an International Cricket Council tournament, when West Indies face touring Pakistanis in a Twenty20 doubleheader in September. The two games, at National Stadium at P
Published 15 Jul, 2011 12:00am
Besiktas return Turkish Cup

Besiktas return Turkish Cup

Turkish Cup winners Besiktas said on Thursday they were returning the trophy to their football federation until cleared in a massive match-fixing probe, the Anatolia news agency reported. The announcement came after Besiktas vice-president Serdal Adali an
Published 15 Jul, 2011 12:00am
Pakistan beat Afghanistan by 90 runs in first T20

Pakistan beat Afghanistan by 90 runs in first T20

Pakistan physically disabled cricket team defeated physically handicapped team of Afghanistan in the opening match of the Two-T20 and three One-Day in the first friendship cricket series, which got under way here at University Campus ground on Thursday.
Published 15 Jul, 2011 12:00am
ECB chief wants Pakistan to reduce political interference

ECB chief wants Pakistan to reduce political interference

Giles Clarke, Chairman of England & Wales Cricket Board, is prepared to visit Pakistan to make a personal plea to the country's president Asif Ali Zardari to reduce political involvement in the game, The Guardian newspaper reported Thursday.
Published 15 Jul, 2011 12:00am
Arab world's ratings of Obama, US plummet

Arab world's ratings of Obama, US plummet

Two years after US President Barack Obama called in a groundbreaking speech from Cairo for a "new beginning" in relations with the Muslim world, his popularity among Arabs has nose-dived, a poll released Wednesday shows. An overwhelming majority of more t
Published 15 Jul, 2011 12:00am
Sarkozy rushes army chief to Afghanistan after more deaths

Sarkozy rushes army chief to Afghanistan after more deaths

President Nicolas Sarkozy on Thursday sent his army chief to Afghanistan to draw up new security measures for French troops there after six more were killed this week in the war-torn country. The move came after Sarkozy summoned government ministers and m
Published 15 Jul, 2011 12:00am
Suicide bomber kills Afghan cleric, three others

Suicide bomber kills Afghan cleric, three others

A suicide attacker who appears to have concealed his explosives inside a turban killed a senior cleric and at least three other people on Thursday at a funeral service for the assassinated brother of the Afghan president in southern Kandahar city. At leas
Published 15 Jul, 2011 12:00am
Six civilians killed in Nato raid: Afghan officials

Six civilians killed in Nato raid: Afghan officials

Afghan government officials on Thursday accused Nato of killing six civilians, including an 11-year-old girl, during a military operation targeting the al Qaeda-linked Haqqani network. A demonstration broke out after bodies of the dead were carried throug
Published 15 Jul, 2011 12:00am
US begins drawdown of troops from Afghanistan

US begins drawdown of troops from Afghanistan

The first troops to leave Afghanistan as part of the US drawdown handed over their slice of battlefield to a unit less than half their size and started packing for home. When the 650 members of the Iowa National Guard's 1st Squadron, 113th Cavalry Regimen
Published 15 Jul, 2011 12:00am
Myanmar diplomat defects in Washington

Myanmar diplomat defects in Washington

A former Myanmar envoy in Washington says another diplomat at that mission has followed him in seeking political asylum in the United States. Former deputy chief of mission Kyaw Win tells The Associated Press that first secretary Soe Aung defected Wednesd
Published 15 Jul, 2011 12:00am
German sues government to remove US nuclear warheads

German sues government to remove US nuclear warheads

A peace activist is suing the German government demanding US nuclear weapons be removed from a military base near her home, although their presence has never been confirmed, a court spokesman said on Thursday. Some 20 US nuclear warheads are thought to be
Published 15 Jul, 2011 12:00am
Fallen German media mogul Leo Kirch dies

Fallen German media mogul Leo Kirch dies

German former media mogul Leo Kirch died on Thursday at the age of 84, closing the book on the spectacular rise and fall of a man who helped create commercial German television. "He died this morning in Munich," southern Germany, a spokesman told AFP, ind
Published 15 Jul, 2011 12:00am
Indian Prime Minister vows swift justice for Mumbai victims

Indian Prime Minister vows swift justice for Mumbai victims

Indian Prime Minister Manmohan Singh on Thursday vowed that those responsible for a series of bomb blasts that killed 17 in Mumbai would be tracked down and prosecuted, as he visited the injured. "Perpetrators of (the) Mumbai blasts shall be pursued relen
Published 15 Jul, 2011 12:00am
US sees Bulgarian Muslims vulnerable to extremism: WikiLeaks

US sees Bulgarian Muslims vulnerable to extremism: WikiLeaks

The United States is concerned that poverty and discrimination in Bulgaria against the Muslim minority could make them more vulnerable to extremism, according to a leaked diplomatic cable Thursday. "Rampant unemployment, weak moderate Islamic institutions
Published 15 Jul, 2011 12:00am
High police official killed in Dagestan

High police official killed in Dagestan

A top official of the paramilitary police has been assassinated in Russia's violence-plagued Caucasus republic of Dagestan and another policeman was killed in clash with suspected militants in neighbouring Chmchnya. Dagestan Interior Ministry spokesman Vy
Published 15 Jul, 2011 12:00am
Bangladesh court to try top Islamist over war crimes

Bangladesh court to try top Islamist over war crimes

A Bangladeshi court said on Thursday there was enough evidence to prosecute an Islamist leader on charges of war crimes such as genocide, murder and rape during the country's 1971 liberation struggle. Judges of Bangladesh's International Crimes Tribunal,
Published 15 Jul, 2011 12:00am
Arabs to seek full Palestinian upgrade at UN

Arabs to seek full Palestinian upgrade at UN

The Arab League will ask the United Nations to upgrade the Palestinians to full member status, a draft statement from a league meeting in Qatar said on Thursday. "It was decided to go to the United Nations to request the recognition of the state of Palest
Published 15 Jul, 2011 12:00am
Western Europeans say China will overtake US

Western Europeans say China will overtake US

A poll in Europe finds that most West Europeans believe that China has either supplanted or will supplant the United States as the world's leading power. The findings are part of a 22-nation poll Wednesday by the non-partisan Pew Research Center.
Published 15 Jul, 2011 12:00am
Four killed in Syria as West pushes for UN action

Four killed in Syria as West pushes for UN action

Security forces killed four people in Syria on Thursday and used heavy machine-guns against protesters, rights groups said, as the West keeps pushing for UN action against President Bashar al-Assad's regime. The Syrian Observatory for Human Rights reporte
Published 15 Jul, 2011 12:00am
Kurd fighters ambush Turkish soldiers; 20 killed

Kurd fighters ambush Turkish soldiers; 20 killed

Kurdish fighters killed 13 Turkish soldiers in an ambush on Thursday and seven militants died in the firefight that marked the worst clash since the Kurdistan Workers Party (PKK) ended a cease-fire in February. Grenades thrown by the militants ignited a f
Published 15 Jul, 2011 12:00am
Nato chief calls for more planes to bomb Libyan targets

Nato chief calls for more planes to bomb Libyan targets

Nato members should supply more warplanes to bomb Libyan military targets, the alliance's secretary-general said on Thursday, increasing pressure on states to contribute more to the mission. Western powers have become embroiled in a conflict in the oil-pr
Published 15 Jul, 2011 12:00am
Mubarak denies all charges against him

Mubarak denies all charges against him

Ousted Egyptian president Hosni Mubarak has denied all charges of murder and corruption for which he will go on trial in August, according to the transcript of his investigation published on Thursday. Mubarak, who was toppled by an uprising in February, i
Published 15 Jul, 2011 12:00am
Sudan signs deal with splitter rebel group

Sudan signs deal with splitter rebel group

Sudan on Thursday signed a peace accord with a small Darfur rebel group, but analysts and diplomats expect no end to an almost decade-long conflict in the western region as larger groups continue to oppose Khartoum. A counter-insurgency campaign against n
Published 15 Jul, 2011 12:00am
Tripoli halts all energy cooperation with Italy: Prime Minister

Tripoli halts all energy cooperation with Italy: Prime Minister

Libya's premier announced a "total halt" on Thursday to co-operation with Italy, saying no future deals would be signed with energy group ENI because of Italy's participation in a Nato bombing campaign. "ENI is finished and that is for good," Baghdadi Mah
Published 15 Jul, 2011 12:00am
North Korea poses 'very real' threat: Mullen

North Korea poses 'very real' threat: Mullen

North Korea poses a "very real" threat to peace and is likely to mount fresh attacks on South Korea unless a strong deterrent is in place, the top US military officer said Thursday. In comments delivered at a time of high cross-border tensions Admiral Mik
Published 15 Jul, 2011 12:00am
Bangladesh-India census tackles border confusion

Bangladesh-India census tackles border confusion

Bangladesh and India launched on Thursday a census of "enclaves" - areas where one country's territory is surrounded by the other - in an effort to end complex border disputes. Kamal Uddin Ahmed, a government official in Dhaka, said the first-ever census
Published 15 Jul, 2011 12:00am
Murdoch and son backtrack, will testify

Murdoch and son backtrack, will testify

Media mogul Rupert Murdoch and his son James backed down in the face of threats of jail from British lawmakers Thursday and agreed to testify to a parliamentary committee on the phone-hacking scandal. In another dramatic day in the saga that has killed of
Published 15 Jul, 2011 12:00am
Air strikes kill 7 militants in Yemen

Air strikes kill 7 militants in Yemen

Air strikes in south Yemen killed at least seven militants, a security official said on Thursday, while armed tribesmen entered the city of Zinjibar to try and wrest it from militant control. The official said there were likely more casualties in the two
Published 15 Jul, 2011 12:00am
South Sudan admitted to UN as 193rd member

South Sudan admitted to UN as 193rd member

The General Assembly admitted South Sudan on Thursday as the 193rd member of the United Nations, sealing the new African country's independence after decades of conflict. The assembly vote, by acclamation, followed South Sudan's independence ceremony in t
Published 15 Jul, 2011 12:00am
Pentagon to treat cyberspace as operational domain

Pentagon to treat cyberspace as operational domain

Deputy Defence Secretary William Lynn unveiled a new US strategy on Thursday for protecting military computer networks, moving away from a passive defence toward treating cyberspace as an "operational domain" in which trained forces defend against attacks
Published 15 Jul, 2011 12:00am
New York cotton settles lower

New York cotton settles lower

Cotton futures settled lower Thursday on investor sales as the inability of the market to build on the gains of the previous session prompted players to dump fibre contracts, analysts said. The key December cotton futures on ICE Futures US fell 4.00 cents
Published 15 Jul, 2011 12:00am
US copper flat

US copper flat

Copper ended flat on Wednesday, failing to build on an earlier rally sparked by indications that the Federal Reserve was ready to stimulate the world's largest economy further, if needed. In New York, the key September COMEX contract managed to settle up
Published 15 Jul, 2011 12:00am
Shanghai copper down

Shanghai copper down

The most-active September copper contract on the Shanghai Futures Exchange fell 0.5 percent to 72,120 yuan per tonne on Thursday, after surging to a three-month high in the previous session. "Shanghai copper is going through a technical correction after a
Published 15 Jul, 2011 12:00am
Copper declines

Copper declines

Copper slipped on Thursday on the London Metal Exchange, as concerns over the health of the world's largest economy, the United States, offset worries over supply constraints and prospects of improving demand growth in the second half in Asia. Three-month
Published 15 Jul, 2011 12:00am
Oil dips as Bernanke says no easing yet

Oil dips as Bernanke says no easing yet

Oil prices fell for the first time in three days on Thursday after Federal Reserve Chairman Ben Bernanke said the central bank was not ready yet to take more monetary easing measures, dashing hopes that energy demand would get a boost from fresh economic
Published 15 Jul, 2011 12:00am
Tokyo rubber slips; Shanghai up

Tokyo rubber slips; Shanghai up

Tokyo rubber futures slipped on Thursday due to profit-taking but the benchmark price finished above a major support level at 375 yen per kg and that should help sentiment, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for De
Published 15 Jul, 2011 12:00am
New York coffee and cocoa surge

New York coffee and cocoa surge

Arabica coffee and cocoa futures soared Wednesday after US Federal Reserve Chairman Ben Bernanke raised the possibility of further stimulus to stabilise a faltering US economy. But raw sugar, which had also rallied during the session, finished lower after
Published 15 Jul, 2011 12:00am
Malaysian palm oil up

Malaysian palm oil up

Palm oil futures hit a near three-week high on Thursday on the back of firmer grains complex and crude oil, despite growing stocks in No 2 producer Malaysia. "The external markets and euro debt woes are in play in the market, it's not the demand-supply fu
Published 15 Jul, 2011 12:00am
Liffe sugar down

Liffe sugar down

Liffe August white sugar ended down $24.30 at $852.00 a tonne on Thursday after earlier plummeting over 3 percent to $843.10. The market tracked weakness in New York sugar as investor selling dragged down prices. Liffe September robusta coffee ended $25 l
Published 15 Jul, 2011 12:00am
US gold climbs

US gold climbs

Gold surged to a record near $1,590 an ounce on Wednesday as the possibility of more Federal Reserve stimulus coupled with Europe's deepening debt crisis fuelled bullion's longest winning streak in five years. Bullion's gains accelerated after Federal Res
Published 15 Jul, 2011 12:00am
Gold hits record in Asia

Gold hits record in Asia

Spot gold hit a record high above $1,589 on Thursday, buoyed by a sharp drop in the dollar after Moody's warned the US may lose its top credit rating, the possibility of more Federal Reserve stimulus and Europe's deepening debt crisis. Spot gold rose to a
Published 15 Jul, 2011 12:00am
Gold hits record high for second day in London

Gold hits record high for second day in London

Gold prices hit record highs for a second day on Thursday after hints of further policy easing from the Federal Reserve and a Moody's warning the United States may lose its top-notch credit rating hurt the dollar and sparked buying of safe-haven assets.
Published 15 Jul, 2011 12:00am
US MIDDAY: sugar sinks

US MIDDAY: sugar sinks

Raw sugar futures tumbled almost 4.5 percent Thursday as investor sales snowballed, and other soft commodities also sank on worries a stuttering global economy will hit demand. New York's October raw sugar contract fell 0.90 cent or by 3.04 percent to tra
Published 15 Jul, 2011 12:00am
US MIDDAY: wheat, corn fall

US MIDDAY: wheat, corn fall

Wheat and corn prices fell on Thursday, giving up some of their big gains from earlier this week that were partly fuelled by hot weather concerns for the US Corn Belt. Chicago Board of Trade wheat for September delivery fell 1.8 percent, or 12-3/4 cents,
Published 15 Jul, 2011 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

Copper closed down on Thursday as questions about the economic health of the Western world gave pause to a surprisingly strong summer rally that lifted prices to within 5 percent of all-time highs. In New York, the key September COMEX contract shed 2.35 c
Published 15 Jul, 2011 12:00am
US MIDDAY: gold pares gains

US MIDDAY: gold pares gains

Gold pared gains on Thursday after hitting a record near $1,600, as the dollar erased losses after Federal Reserve Chairman Ben Bernanke crushed speculation that another round of monetary easing was on the way. A Reuters poll showed that analysts expect g
Published 15 Jul, 2011 12:00am
APHTTMEA seeks continuation of R&D concessions

APHTTMEA seeks continuation of R&D concessions

Chairman of All Pakistan Handloom & traditional Textiles Manufacturers and Exporters Association (APHTTMEA), Syed Muhammad Aasim Shah has urged President Zardari and Prime Minister Gilani to continue concession in the name of research and development for
Published 15 Jul, 2011 12:00am
PPMA seeks resolution of pharma industry issues

PPMA seeks resolution of pharma industry issues

Pakistan Pharmaceutical Manufacturers Association (PPMA) has asked the Punjab government to issue NOC to the federal government for Drug Regulatory Authority (DRA) so that policy making could be started at federal level.
Published 15 Jul, 2011 12:00am
Iftikhar for strengthening of Iran-Pakistan ties

Iftikhar for strengthening of Iran-Pakistan ties

Khyber Pakhtunkhwa Minister for Information Mian Iftikhar Hussein has called for promotion of trade and cultural ties between Iran and Pakistan to strengthen the existing relations between the two countries. He was talking to Iranian Consul General Hassan
Published 15 Jul, 2011 12:00am
Anomaly Committee to resolve pay, pension issues

Anomaly Committee to resolve pay, pension issues

The government has constituted an anomaly committee-2011 to resolve issues pertaining to revised basic pay scales, allowances and pension of civil emplloyees of federal government. It is learnt here on Thursday that the Finance Division has issued an offi
Published 15 Jul, 2011 12:00am
Call to raise awareness about growing scarcities

Call to raise awareness about growing scarcities

Institute of Strategic Studies Islamabad (ISSI) invited a public talk on Thursday on "Pakistan: Internal Dynamics and External Challenges". Former Foreign Minister Inam-ul-Haq was the speaker on the occasion. Inam-ul-Haq said that Pakistan has been facing
Published 15 Jul, 2011 12:00am
BGSA terms unprofessional work a cause behind water shortage

BGSA terms unprofessional work a cause behind water shortage

Balochistan Geoscientists Association's leaders have alleged the unprofessional work in drilling of tubewells in government sector and private sector in Balochistan, one of the major causes of shortage of water.
Published 15 Jul, 2011 12:00am
Explosives kill three children

Explosives kill three children

Three Pakistani children and a man were killed on Thursday when explosives stored in a house detonated in a town on the Afghan border, officials said. The explosion also damaged two houses in Killi Mohammad Rasul village just outside the town of Chaman wh
Published 15 Jul, 2011 12:00am
'Islamic Microfinance can work with all Models of the world'

'Islamic Microfinance can work with all Models of the world'

An international seminar on Financial Inclusion for Central Asia, the Caucasus, and South Asia organised by Asian Development Bank Institute-Japan, Apec Business Advisory Council -China and Asia-Pacific Finance and Development Center held from 12th-14th J
Published 15 Jul, 2011 12:00am
Need to improve Pak-India ties stressed

Need to improve Pak-India ties stressed

Faisal Karim Kundi, Deputy Speaker, National Assembly has stressed for regular interaction between the political leadership and people of Pakistan and India to build bridges of understanding and friendship between the two nations. He also called for resol
Published 15 Jul, 2011 12:00am
Pakistan expected to produce an all time high cotton crop

Pakistan expected to produce an all time high cotton crop

Pakistan is expected to produce an all-time high cotton crop, potentially reaching 16 million bales in 2011/12 crop season. Government officials, industry and farmers' representatives told Business Recorder here on Thursday that growers have brough
Published 15 Jul, 2011 12:00am
Transfers, postings

Transfers, postings

Lahore High Court Chief Justice here Thursday has made transfers and postings among two Additional District and Sessions Judges (AD&SJs) and four civil judges-cum-judicial magistrates.
Published 15 Jul, 2011 12:00am
Tameer Bank CEO honoured

Tameer Bank CEO honoured

Nadeem Hussain, President & CEO Tameer Microfinance Bank has been selected 'Leader of the Year' by an international panel of microfinance thought leaders at the Sixth Annual Global Microfinance Achievement Awards 2011. The awards recognise those efforts,
Published 15 Jul, 2011 12:00am
Political Noora-Kushti

Political Noora-Kushti

With the withdrawal of MQM from the government, the addition of PML (F) to the seats of power, the efforts of PML (N) to create a grand alliance and the refusal of Imran Khan to join it, the politicians of Pakistan are putting every effort to attract the
Published 15 Jul, 2011 12:00am
Russia's Soyuz capsule gains space monopoly

Russia's Soyuz capsule gains space monopoly

As the space shuttle Atlantis spends its last days in orbit, the space flight community is preparing for a shift in the balance of power. The end of the US space shuttle programme later this month after 30 years will hand Russia's Soyuz spacecraft an unpr
Published 15 Jul, 2011 12:00am
Chaos threatens Philippines' cultural treasures

Chaos threatens Philippines' cultural treasures

Thieves and art dealers are the usual suspects, but mildew and flashbulbs are just as dangerous for some of the Philippines' beleaguered cultural treasures. From a 30,000-year-old skull fragment of one of its first human inhabitants to imposing churches b
Published 15 Jul, 2011 12:00am
Constitutionality of CGT on immovable property

Constitutionality of CGT on immovable property

The Revenue Advisory Council (RAC) of Federal Board of Revenue (FBR), it is reported in the Press, has recommended imposition of Capital Gains Tax (CGT) on the sale of immovable property. Member Legal, FBR has reportedly obtained "favourable" (sic) opinio
Published 15 Jul, 2011 12:00am
Mumbai struck again

Mumbai struck again

Terrorists have once again struck Mumbai, India's commercial hub, with deadly ferocity killing a score of people and injuring five times that number. All three nearly-simultaneous blasts, which were apparently triggered by time-devices, took place in the
Published 15 Jul, 2011 12:00am
Please get your facts right Dr Zulfiqar Mirza

Please get your facts right Dr Zulfiqar Mirza

When a community is deeply hurt - nobody can shut down its inner fears. Not the best of its well-wishers can really understand the battle it is going through or the wounds inflicted on it. According to an Arabian proverb, a wound caused by words is more p
Published 15 Jul, 2011 12:00am
MQM stages demonstrations against Mirza's diatribe

MQM stages demonstrations against Mirza's diatribe

City-wide demonstrations were held against the remarks of Sindh Senior Minister Zulfiqar Mirza against MQM leadership, here Thursday. The city saw widespread protests after it descended into violence Wednesday night following Mirza's diatribe against Mutt
Published 15 Jul, 2011 12:00am
Government urged to improve law, order

Government urged to improve law, order

Former Chairman of Pakistan Poultry Association and former Senior Vice President of Lahore Chamber of Commerce & Industry, Abdul Basit has urged the government to take immediate steps in order to bring peace in Karachi as continuous unrest in the port cit
Published 15 Jul, 2011 12:00am
PPP distances itself from Mirza's statement

PPP distances itself from Mirza's statement

Pakistan Peoples Party has distanced from the statement of Sindh Minister Zulfiqar Mirza against Muttahida Qaumi Movement (MQM) and its leadership, terming it his personal views. A statement issued by PPP Secretary General Jahangir Badar on Thursday said,
Published 15 Jul, 2011 12:00am
No trade or social activity

No trade or social activity

Trade, commercial, business, academic and social activities in the city, came to a standstill after people took to streets in large number protesting against Zulfiqar Mirza's remarks. Public transport stayed off the road, as the incidents of violence left
Published 15 Jul, 2011 12:00am
SECP may adopt code of conduct to curb 'front-running'

SECP may adopt code of conduct to curb 'front-running'

Securities and Exchange Commission of Pakistan (SECP) will take measures to curb front-running. In a press release issued on Thursday, the SECP said that integrity, transparency and fairness in the capital markets are critical for protection of investors
Published 15 Jul, 2011 12:00am
Protest demonstrations held in Multan

Protest demonstrations held in Multan

Muttahida Qaumi Movement (MQM) Multan observed the protest day on Thursday against Wednesday's statement of PPP leader and Sindh's Senior Minister Dr Zulfiqar Mirza, scores of activists of MQM staged a demonstration at Chowk Ghanta Ghar on Thursday.
Published 15 Jul, 2011 12:00am
Sindh Secretariat work comes to a halt

Sindh Secretariat work comes to a halt

Sindh government's work has been halted in almost all offices situated in the buildings and barracks of Sindh Secretariat due to the protest call of Muttahida Qaumi Movement (MQM) against the statement of Dr Zulfiqar Ali Mirza. The new Senior Minister for
Published 15 Jul, 2011 12:00am
KESC condemns siege of head offices

KESC condemns siege of head offices

Karachi Electric Supply Company has condemned besieging of head offices by a violent and hostile mob of union miscreants on Thursday. Security personnel cordoned off adjacent lanes and vacated the office buildings to pre-empt any untoward incident while t
Published 15 Jul, 2011 12:00am
'Political parties should play role to establish peace'

'Political parties should play role to establish peace'

Pakistan Peoples Party's Information Secretary Qamar Zaman Kaira on Thursday said that all political parties must play their crucial role for maintaining peace in Karachi. Kaira distanced his party from Mirza's recent statement and said that the PPP respe
Published 15 Jul, 2011 12:00am
Nawaz concerned over Karachi situation

Nawaz concerned over Karachi situation

Pakistan Muslim League-Nawaz Quaid, Mian Muhammad Nawaz Sharif Thursday expressed grave concern over the situation in Karachi and asked the government to take immediate steps to reduce tension there. The PML-N Quaid said that that the deteriorating situat
Published 15 Jul, 2011 12:00am
Operations at Customs House suspended

Operations at Customs House suspended

All operations at Customs house, Karachi, on Thursday came to a halt as the life in the city remained paralysed in response to the statement of Zulfiqar Mirza against the country's fourth largest political party, Muttahida Qaumi Movement (MQM). The wave o
Published 15 Jul, 2011 12:00am
Khyber Pakhtunkhwa flood-affected people need healthcare

Khyber Pakhtunkhwa flood-affected people need healthcare

The remote areas of Khyber-Pakhtunkhwa hit by last year's devastating floods are still awaiting help for healthcare because government is overlooking social sector despite receiving substantial amount of foreign assistance for the flood-affected persons.
Published 15 Jul, 2011 12:00am
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