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Nov 20, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-07-26
Oil cake market rates

Oil cake market rates

Higher trend was seen on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The July contract that had ended last week at Rs 1426.60 commenced with a rise of 20 paisa at Rs 1426.80. The July vaida matured today as the new
Published 26 Jul, 2011 12:00am
Bank of Ireland sale keeps it out of state hands

Bank of Ireland sale keeps it out of state hands

Ireland sold a 1.1 billion euro ($1.6 billion) stake in Bank of Ireland to a group of unidentified investors on Monday to keep the country's largest bank out of state hands and provide a rare boost to a battered sector and bruised economy. The government
Published 26 Jul, 2011 12:00am
ECB's Costa calls for eurozone government

ECB's Costa calls for eurozone government

The eurozone needs to create an economic government to address internal weaknesses and make it easier to respond robustly to crises, European Central Bank Governing Council member Carlos Costa said on Monday. "We have a monetary arm (the ECB). What we lac
Published 26 Jul, 2011 12:00am
Iraq says oil prices 'satisfactory'

Iraq says oil prices 'satisfactory'

Iraq is satisfied with oil prices and believes the crude market is balanced, said Iraq's oil minister on a visit to Iran, the semi-official Mehr news agency reported on Monday. "The current price of oil is satisfactory for Iraq there is no shortage of sup
Published 26 Jul, 2011 12:00am
RIM to cut 2,000 jobs, splits COO job

RIM to cut 2,000 jobs, splits COO job

BlackBerry maker Research In Motion Ltd is cutting 2,000 jobs as part of a cost savings plan announced last month and is shuffling some senior executives. The job cuts amount to about 10 percent of the company's work force. The company said Monday it will
Published 26 Jul, 2011 12:00am
New law to ease EU debt collection

New law to ease EU debt collection

The European Commission proposed new rules on Monday to make it easier for creditors to recover debts from debtors' bank accounts anywhere in the 27-country bloc. EU companies lose about 2.6 percent of turnover every year to unrecovered debts, according t
Published 26 Jul, 2011 12:00am
Iran inks gas pipeline deal with Iraq, Syria

Iran inks gas pipeline deal with Iraq, Syria

Iran, Iraq and Syria inked on Monday a Memorandum of Understanding for the construction of pipelines designed to deliver Iran's natural gas to the two Arab nations, local media reported. "The overall cost of the project is estimated around $10 billion," d
Published 26 Jul, 2011 12:00am
ING sells LatAm insurance for 2.6 billion euros

ING sells LatAm insurance for 2.6 billion euros

Dutch Bancassurer ING will sell most of its Latin American operation to Colombia's GrupoSura for 2.6 billion euros ($3.7 billion) in a deal resulting from its state rescue in 2008. ING agreed to split its bank and insurance operations in return for approv
Published 26 Jul, 2011 12:00am
ING sells LatAm insurance for 2.6 billion euros

ING sells LatAm insurance for 2.6 billion euros

Dutch Bancassurer ING will sell most of its Latin American operation to Colombia's GrupoSura for 2.6 billion euros ($3.7 billion) in a deal resulting from its state rescue in 2008. ING agreed to split its bank and insurance operations in return for approv
Published 26 Jul, 2011 12:00am
Russia to keep farm subsidies after WTO entry: Medvedev

Russia to keep farm subsidies after WTO entry: Medvedev

President Dmitry Medvedev said on Monday that Russia will not withdraw state subsidies for farmers if it joins the WTO, which Moscow hopes will happen later this year after 18 years of accession talks. Russia is the biggest economy outside the World Trade
Published 26 Jul, 2011 12:00am
Emerging markets top list for inflation risk

Emerging markets top list for inflation risk

Emerging markets top the list of regions at threat from inflation, followed by the United States and Europe, a study of European institutional investors showed on Monday. ING Investment Management said it had surveyed 52 large European institutional inves
Published 26 Jul, 2011 12:00am
Emerging markets top list for inflation risk

Emerging markets top list for inflation risk

Emerging markets top the list of regions at threat from inflation, followed by the United States and Europe, a study of European institutional investors showed on Monday. ING Investment Management said it had surveyed 52 large European institutional inves
Published 26 Jul, 2011 12:00am
Japan approves $25 billion for quake relief

Japan approves $25 billion for quake relief

Japan's parliament approved on Monday a 2 trillion yen ($25 billion) extra budget for disaster relief after the March earthquake, paving the way for bigger reconstruction spending likely to involve new borrowing and tax hikes. Prime Minister Naoto Kan, un
Published 26 Jul, 2011 12:00am
Aviation projects grind to a halt amid US funding crisis

Aviation projects grind to a halt amid US funding crisis

The US government has ordered a halt to work on millions of dollars in aviation-related infrastructure projects because special funding legislation was not passed last week, officials said Monday. The halts have been called in addition to thousands of fed
Published 26 Jul, 2011 12:00am
Swift US action on debt in global interest: IMF

Swift US action on debt in global interest: IMF

The International Monetary Fund warned on Monday the United States must raise the debt ceiling quickly and get its debts under control for the sake of the global economy. The IMF made the appeal as part of a review of US economic prospects in which it con
Published 26 Jul, 2011 12:00am
Clinton predicts US debt deal as pressure mounts

Clinton predicts US debt deal as pressure mounts

US Secretary of State Hillary Clinton on Monday promised worried world markets that the White House and top lawmakers would avert a disastrous US debt default with a deadline one week away. Pressure mounted on President Barack Obama and Democratic and Rep
Published 26 Jul, 2011 12:00am
GM launches smallest diesel engine in India

GM launches smallest diesel engine in India

GM on Monday introduced its smallest diesel car engine anywhere in the world to power its Chevrolet Beat in India as the US-based giant took on rivals in the fast-growing small diesel vehicle market. The 1.0-litre diesel engine has been developed by GM's
Published 26 Jul, 2011 12:00am
Dow Chemical, Saudi Aramco in $20 billion deal

Dow Chemical, Saudi Aramco in $20 billion deal

Saudi state oil giant Aramco and US firm Dow Chemical have approved a plan to build a $20 billion chemical plant in the eastern Saudi port city of Jubail, Aramco said in a statement Monday. "Saudi Aramco and the Dow Chemical Company today announced that t
Published 26 Jul, 2011 12:00am
Moody's warns Greek default almost certain

Moody's warns Greek default almost certain

Moody's cut Greece's credit rating further into junk territory on Monday and said it was almost certain to slap a default tag on its debt as a result of a new EU rescue package. It was the second rating agency to warn of a default after eurozone leaders a
Published 26 Jul, 2011 12:00am
Middle East markets: Gulf markets track global fall

Middle East markets: Gulf markets track global fall

A drop in global shares weighed on Gulf markets on Monday, dragging Abu Dhabi's bourse to an eight-week low, and concerns over political instability weighed on Egyptian stocks. Abu Dhabi's index fell 0.9 percent to its lowest close since May 31. National
Published 26 Jul, 2011 12:00am
Seoul shares reverse gains

Seoul shares reverse gains

Seoul shares reversed the previous session's gain on Monday, hurt by the struggle in Washington over the raising of the US debt ceiling, with time running out to avert a default. Ratings agency Moody's also cut Greece's debt ratings by three notches to Ca
Published 26 Jul, 2011 12:00am
Indian shares gain

Indian shares gain

Indian shares shrugged off weak world equities and firmed 0.8 percent to their highest close in more than two weeks on Monday, as telecom stocks rallied in huge volumes on hopes tariffs will rise and improve margins after Bharti Airtel increased call pric
Published 26 Jul, 2011 12:00am
Nikkei average falls

Nikkei average falls

The Nikkei average snapped a three-day run of gains on Monday after US debt ceiling worries nudged the yen higher, but a key technical support held on hopes that a last minute deal will be reached and upcoming corporate earnings will be strong. Most inves
Published 26 Jul, 2011 12:00am
Monday's early afternoon trade: Wall Street slips

Monday's early afternoon trade: Wall Street slips

US stocks dipped on Monday in a somewhat muted reaction to the political jousting in Washington, even after lawmakers failed to meet a weekend deadline to reach a debt deal. But declining stocks outnumbered advancing shares on both the NYSE and Nasdaq, in
Published 26 Jul, 2011 12:00am
Southeast Asian stocks mostly flat to lower

Southeast Asian stocks mostly flat to lower

Southeast Asian stock markets were mostly flat to lower on Monday as concern over a potential US debt default hurt sentiment, but investors bought banks, seen as the best bet in a region where interest rates are on the rise. Regional equities were subdued
Published 26 Jul, 2011 12:00am
China, Hong Kong shares broadly lower

China, Hong Kong shares broadly lower

Stocks linked to railways led Hong Kong and China shares broadly lower on Monday after the worst train accident in the mainland since 2008 compounded continuing concerns over a potential United States default. The Shanghai Composite Index had its biggest
Published 26 Jul, 2011 12:00am
European shares slip

European shares slip

European shares slipped back on Monday, snapping a four-day winning run, with banks sliding on renewed worries about eurozone peripheral debt as well as political gridlock on the US debt ceiling. The pan-European FTSEurofirst 300 index of top shares fell
Published 26 Jul, 2011 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell 0.93 percent in their worst one-day percentage fall in two weeks on Monday, with AU Optronics and other tech exporters lower, as investors worried over the lack of progress in US government debt talks. Some investors were worried the is
Published 26 Jul, 2011 12:00am
Australian shares down

Australian shares down

Australian stocks fell 1.6 percent on Monday, led down by the top banks, as investors shied away from riskier assets after talks to lift the US debt ceiling broke down, raising the prospect of an unprecedented default. With an August 2 deadline little mor
Published 26 Jul, 2011 12:00am
Financials pull FTSE lower

Financials pull FTSE lower

Britain's leading share index slipped back on Monday, weighed by weakness in financial issues on fears of a possible debt default by the United States, with investors' attention switching to precious metal miners and defensively-perceived sectors. At the
Published 26 Jul, 2011 12:00am
Money markets expect extended pause

Money markets expect extended pause

Money markets are expecting an extended pause in the ECB's monetary tightening cycle as concern over weak growth in the region's peripheral economies outweighs any relief from a bumper new deal to stem the debt crisis. Politicians last week agreed on a wi
Published 26 Jul, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 74.65/74.70 (previous 74.66/74.70). Call Money Rates: 9.00-12.00 percent (previous 9.00-12.00 percent).
Published 26 Jul, 2011 12:00am
Dollar dips in Asia

Dollar dips in Asia

The dollar dipped in Asia on Monday as US lawmakers had yet to reach a deal to raise the country's debt ceiling with only a little over a week remaining before the deadline to avert a default. Most investors still assume that sanity will reign in Washingt
Published 26 Jul, 2011 12:00am
Early trade in New York: Swiss franc hits record high

Early trade in New York: Swiss franc hits record high

The dollar fell to a record low against the Swiss franc and a four-month trough versus the yen on Monday as a deadlock in negotiations to raise the US debt ceiling spooked the market and spurred demand for currencies viewed as safe havens. Analysts warned
Published 26 Jul, 2011 12:00am
Dollar hits all-time low versus Swiss franc

Dollar hits all-time low versus Swiss franc

The dollar hit a record low versus the Swiss franc and a four-month trough against the yen on Monday as the impasse over raising the US debt ceiling unsettled financial markets and fuelled demand for perceived safe-haven currencies. The Swiss franc was th
Published 26 Jul, 2011 12:00am
Indian rupee weakens

Indian rupee weakens

The Indian rupee treaded water on Monday weighed by a choppy euro and dollar demand from local oil importers, with most traders preferring to stay on the sidelines a day prior to the central bank's policy review. The partially convertible rupee ended at 4
Published 26 Jul, 2011 12:00am
Won leads falls in Asian trade

Won leads falls in Asian trade

The South Korean won led falls in most of its Asian peers on Monday as interbank speculators and some real money funds reduced exposure in emerging Asian currencies on worries that a US default would cause a risk-off trade environment. Early Monday, the t
Published 26 Jul, 2011 12:00am
Yuan hits record high

Yuan hits record high

The yuan hit a record high against the dollar on Monday, reversing the morning's fall and in spite of a slightly lower mid-point fixing as the market braces for further losses in the dollar. Spot yuan closed at a record high of 6.4450 against the dollar,
Published 26 Jul, 2011 12:00am
Sterling slips

Sterling slips

Sterling slipped from a five-week peak against the dollar on Monday, with investors wary of pushing the pound higher in case forthcoming UK activity data is weaker than expected. Sterling was last at $1.6285, having struck a five-week high of $1.6345 in t
Published 26 Jul, 2011 12:00am
New Zealand and Austeralian dollars down

New Zealand and Austeralian dollars down

The New Zealand dollar loitered near 30-year highs on Monday, while the Aussie gave ground only grudgingly as foreign exchange investors held their nerve in the face of uncertainty over the US debt ceiling. The Aussie dollar eased to $1.0819, from $1.0851
Published 26 Jul, 2011 12:00am
I give gifts, not bribes, says Bin Hammam

I give gifts, not bribes, says Bin Hammam

Banned Asian football chief Mohamed bin Hammam likened FIFA president Sepp Blatter to a "dictator" on Monday, and said bribery claims against him were the result of cultural misunderstandings. The 62-year-old former Asian Football Confederation (AFC) pres
Published 26 Jul, 2011 12:00am
Hayden out of retirement for Big Bash

Hayden out of retirement for Big Bash

Former Australian Test opener Matthew Hayden will come out of retirement to play for Brisbane Heat in the Twenty20 Big Bash next summer, the team said Monday. The 39-year-old, who retired from international cricket in 2009 after a 103-Test career, last pl
Published 26 Jul, 2011 12:00am
Uruguay win record 15th Copa America

Uruguay win record 15th Copa America

Uruguay defeated Paraguay 3-0 on Sunday to win a record 15th Copa America with striker Diego Forlan grabbing two goals to take his international tally to 31. Liverpool attacker Luis Suarez was also on target as Uruguay took a first continental crown since
Published 26 Jul, 2011 12:00am
England beat India at Lord's

England beat India at Lord's

England beat India by 196 runs to win the first Test at Lord's here Monday to take a 1-0 lead in the four-match series. India, set what would have been a new fourth innings Test record victory total of 458, were dismissed for 261 in what was the 2,000th T
Published 26 Jul, 2011 12:00am
Emotional wins for Cielo, Dale Oen

Emotional wins for Cielo, Dale Oen

Drug-row sprinter Cesar Cielo defied a storm of criticism to win world gold Monday as Norway's Alexander Dale Oen claimed an emotional victory for his home country just days after deadly attacks. Fifteen-year-old prodigy Ye Shiwen also lit up Shanghai's S
Published 26 Jul, 2011 12:00am
Maid speaks out, seeks jail for Strauss-Kahn

Maid speaks out, seeks jail for Strauss-Kahn

A Guinean woman who has accused former IMF chief Dominique Strauss-Kahn of trying to rape her in a New York hotel was on the offensive Monday, saying she wanted him to go to jail. "Because of him, they call me a prostitute," Nafissatou Diallo told Newswee
Published 26 Jul, 2011 12:00am
Malta finally allows divorce following vote

Malta finally allows divorce following vote

Maltese will no longer have to travel abroad to divorce, following Monday's overwhelming vote in favour of finally allowing couples to end their marriages at home on the heavily Catholic island nation. Prior to the vote, Malta was the only European Union
Published 26 Jul, 2011 12:00am
Syria endorses law to allow political parties

Syria endorses law to allow political parties

Syria's government has endorsed a draft law that it says will allow the formation of political parties alongside President Bashar Assad's ruling Baath Party, part of a series of promised reforms that the opposition has dismissed as largely symbolic. The d
Published 26 Jul, 2011 12:00am
Malaysia, Australia sign asylum seeker swap deal

Malaysia, Australia sign asylum seeker swap deal

Australia and Malaysia on Monday signed a controversial deal to swap thousands of boatpeople and refugees in a bid to deter future asylum seekers from trying to slip into Australia by sea. Under the agreement opposed by rights groups in both countries, Ma
Published 26 Jul, 2011 12:00am
Atom smasher closes in on elusive particle

Atom smasher closes in on elusive particle

Scientists will find a long-sought theoretical particle or rule out that it exists by the end of 2012, the director of the world's largest atom smasher predicted Monday. Rolf Heuer, director of the European particle physics laboratory near Geneva, said hi
Published 26 Jul, 2011 12:00am
France, Italy violated 'spirit' of border-free Europe: EU

France, Italy violated 'spirit' of border-free Europe: EU

Moves by France and Italy to curb the flow of Arab Spring migrants earlier this year violated the spirit, but not the rules, of Europe's border-free Schengen area, the European Commission said Monday. After examining action taken in April by Rome and Pari
Published 26 Jul, 2011 12:00am
Turkish court sentences: Dink assassin to 23 years

Turkish court sentences: Dink assassin to 23 years

An Istanbul court sentenced on Monday the assassin of Armenian journalist Hrant Dink to nearly 23 years in prison. Editor of bilingual Turkish-Armenian weekly Agos and Turkey's best known Armenian voice abroad, Dink was shot in broad daylight as he left h
Published 26 Jul, 2011 12:00am
Amnesty's website cut off in Ssudi Arabia

Amnesty's website cut off in Ssudi Arabia

Amnesty International's website became inaccessible in Saudi Arabia on Monday, just three days after the rights group published a leaked copy of the kingdom's controversial new anti-terrorism draft law. The London-based rights group could not confirm that
Published 26 Jul, 2011 12:00am
No permanent US bases in Afghanistan: US envoy

No permanent US bases in Afghanistan: US envoy

The United States has no interest in creating permanent military bases in Afghanistan and does not want to use the country as a platform to influence neighbouring countries, the new US ambassador to Afghanistan said on Monday. Washington is negotiating wi
Published 26 Jul, 2011 12:00am
Iranian shelling kills two in Iraq's Kurdistan

Iranian shelling kills two in Iraq's Kurdistan

Iranian forces shelled suspected rebel outposts in Iraq's semiautonomous Kurdish region, killing two Iraqi civilians, officials said Monday, in the latest in a string of cross-border attacks that have forced hundreds of residents to flee. The artillery fi
Published 26 Jul, 2011 12:00am
South Korea approves flour aid to North Korea

South Korea approves flour aid to North Korea

South Korea has approved shipments of flour to North Korea for the first time since a deadly artillery attack on a South Korean island last year, an official said Monday. Seoul has provided small-scale humanitarian aid to North Korea despite the attack th
Published 26 Jul, 2011 12:00am
Israel's flotilla raid report delayed to August

Israel's flotilla raid report delayed to August

The United Nations on Monday confirmed that the release of a UN report on a deadly Israeli raid that killed nine Turks aboard a pro-Palestinian activist ship last year would be postponed until late August. UN spokesman Martin Nesirky gave no specific date
Published 26 Jul, 2011 12:00am
US unveils sanctions against globally organised crime

US unveils sanctions against globally organised crime

The United States Monday unveiled a series of tough sanctions aimed at cracking down on international organised crime, including gangs from Russia, Japan and Mexico and the Italian Mafia. The Japanese Yakuza, the Camorra from Naples and Mexico's Zetas as
Published 26 Jul, 2011 12:00am
New York cotton ends easier in slow dealings

New York cotton ends easier in slow dealings

Cotton futures ended easier Monday on investor sales as a lack of leads and the negative mood brought on by the US debt crisis conspired to keep fibre contracts on the defensive, analysts said. The key December cotton futures on ICE Futures US fell 1.88 c
Published 26 Jul, 2011 12:00am
Liffe sugar off record high

Liffe sugar off record high

Both raw and white sugar futures hit lifetime highs earlier, on concern about tightening nearby sugar supplies in top grower Brazil, but they reversed lower. The macro level is dominated by the drawn-out talks in Washington to raise the US debt ceiling, w
Published 26 Jul, 2011 12:00am
Oil falls as US debt deal remains elusive

Oil falls as US debt deal remains elusive

Oil prices fell on Monday as the inability of the US Congress to reach agreement on raising the government debt limit kept investors wary of risky assets and concerned about the global economy. Low trading volumes boosted volatility and brokers and analys
Published 26 Jul, 2011 12:00am
Tokyo rubber up; Shanghai down

Tokyo rubber up; Shanghai down

Key Tokyo rubber futures closed marginally higher on Monday after trimming most of their earlier gains as investor sentiment was hurt by a stronger yen and falling oil prices due to concerns about the US debt ceiling. The key Tokyo Commodity Exchange rubb
Published 26 Jul, 2011 12:00am
Malaysian palm oil falls

Malaysian palm oil falls

Malaysian palm oil futures dropped on Monday as traders booked profit after pricing in firm exports and eyed growing concerns of a US debt default that may slow global economic growth and demand. The palm oil market has been choppy in the past few days an
Published 26 Jul, 2011 12:00am
Shanghai copper falls

Shanghai copper falls

Third month copper on the Shanghai Futures Exchange dropped 0.9 percent to close at 71,530 yuan per tonne on Monday. "We find that the more copper prices go above $9,000, the slower the market becomes," said a Hong Kong-based trader. "China doesn't like t
Published 26 Jul, 2011 12:00am
Copper eases, aluminium touches $2,624 mark

Copper eases, aluminium touches $2,624 mark

Copper eased on Monday by less than half a percent as a lower dollar and a tight supply outlook helped to shield it from risk-averse investors concerned over the worsening credit outlook for the United States. Aluminium touched $2,624, its highest since J
Published 26 Jul, 2011 12:00am
Gold hits record in Asia

Gold hits record in Asia

Gold hit a record high above $1,622 an ounce on Monday, while the dollar steadied and Asian stocks slipped as investors piled into bullion over fears of a possible US debt default as the debt ceiling talks in Washington stalled. Spot gold, which has risen
Published 26 Jul, 2011 12:00am
Gold hits record high in European trade

Gold hits record high in European trade

Gold prices hit record highs on Monday after negotiations to lift the US debt ceiling hit stalemate over the weekend, raising fears over a possible default and boosting the appeal of bullion versus US assets like Treasuries and the dollar.
Published 26 Jul, 2011 12:00am
US MIDDAY: sugar down

US MIDDAY: sugar down

Raw sugar futures on ICE ricocheted off a five-month peak and turned lower early on Monday, as profit-taking and the macro impact of stalemated debt talks in the United States weighed on the sweetener. October raw sugar on ICE was off 0.70 cent, or 2.3 pe
Published 26 Jul, 2011 12:00am
US MIDDAY: grains fall

US MIDDAY: grains fall

Corn and soybean futures fell early at the Chicago Board of Trade on Monday after crop-boosting rains fell on the US Midwest during the weekend, traders said. Wheat futures also dropped early, pressured by the improving weather as well as light demand for
Published 26 Jul, 2011 12:00am
US MIDDAY: copper lower

US MIDDAY: copper lower

Copper ended down by less than half a percent on Monday, limited in its range by concerns over stalled US debt deal talks and escalating supply troubles at the world's largest copper mine. Copper's weakness spread across the broader base metal complex, as
Published 26 Jul, 2011 12:00am
US MIDDAY: gold hits record high

US MIDDAY: gold hits record high

Gold rose to record highs above $1,620 an ounce on Monday, as a stalemate in budget talks in Washington to avert a ratings downgrade and debt default prompted investors to buy the metal as a safe haven. Bullion has gained nearly 8 percent in July, hitting
Published 26 Jul, 2011 12:00am
US MIDDAY: gold hits record high

US MIDDAY: gold hits record high

Gold rose to record highs above $1,620 an ounce on Monday, as a stalemate in budget talks in Washington to avert a ratings downgrade and debt default prompted investors to buy the metal as a safe haven. Bullion has gained nearly 8 percent in July, hitting
Published 26 Jul, 2011 12:00am
US MIDDAY: gold hits record high

US MIDDAY: gold hits record high

Gold rose to record highs above $1,620 an ounce on Monday, as a stalemate in budget talks in Washington to avert a ratings downgrade and debt default prompted investors to buy the metal as a safe haven. Bullion has gained nearly 8 percent in July, hitting
Published 26 Jul, 2011 12:00am
Children assembly on July 26

Children assembly on July 26

The social welfare department in collaboration with the Children Library Complex will hold a children assembly at complex on July 26 here. The official sources said children from different schools would participate in the assembly and gifts would also be
Published 26 Jul, 2011 12:00am
'SIDB plagued by corruption'

'SIDB plagued by corruption'

Small Industries Development Board (SIDB) Employees' Union President Sahibzada Naseem Khan on Monday alleged that the top officials of the board are involved in massive corruption, saying that MD Akhtar Hussain Shah is all for illegal means. Speaking at a
Published 26 Jul, 2011 12:00am
Minister wants upgradation of CTTI

Minister wants upgradation of CTTI

Federal Minister for Communications, Dr Arbab Alamgir Khan has stressed the need of up gradation of Construction Technology Training Institute (CTTI) and asked the concerned officials to prepare a formal proposal in this regard. Addressing a meeting held
Published 26 Jul, 2011 12:00am
LPG distributors' registration: Ogra to take all stakeholders on board

LPG distributors' registration: Ogra to take all stakeholders on board

The Oil and Gas Regulatory Authority (Ogra) has withdrawn its decision to register distributors of liquefied petroleum gas (LPG) across the country, saying that it would take all such decisions after taking all stakeholders on board. This was stated by Ma
Published 26 Jul, 2011 12:00am
National Working Group meeting on July 27

National Working Group meeting on July 27

Federal government has called its 8th National Working Group meeting on Wednesday to draw a national plan for disaster management for the whole country. The meeting is being organised by the National Disaster Management Authority (NDMA) and One UN DRM Pro
Published 26 Jul, 2011 12:00am
'Government working to construct 25 small dams in Fata'

'Government working to construct 25 small dams in Fata'

Governor Khyber Pakhtunkhwa, Barrister Masood Kausar has said that the feasibility studies for construction of 25 small dams in Fata are progressing and a number of projects of similar nature are also ready for implementation to ensure food security in th
Published 26 Jul, 2011 12:00am
Kharif season: government may subsidise imported urea

Kharif season: government may subsidise imported urea

The government is likely to subsidize imported urea for Kharif season by providing 50-kg bag worth Rs 900 on concessional rate to farmers. Well-placed sources told Business Recorder here on Monday that the urea price has increased to $540 per ton i
Published 26 Jul, 2011 12:00am
45 AJK legislators sworn in

45 AJK legislators sworn in

Azad Jammu and Kashmir Legislative Assembly's newly elected 45 members have taken oath on Monday. Previous Speaker of AJK Legislative Assembly, Anwar-ul-Haq, presided over assembly's session last time and took oaths from 45 newly elected members. Two memb
Published 26 Jul, 2011 12:00am
Anjum Aqeel sent on 14-day judicial remand

Anjum Aqeel sent on 14-day judicial remand

Rejecting the prosecution plea for extension in physical remand of PML-N MNA Anjum Aqeel, the court sent the latter to Central Jail, Adiala on 14-day judicial remand, and adjourned the hearing for two weeks. The Court also turned down the argument of defe
Published 26 Jul, 2011 12:00am
Call to adopt unified approach to resolution of national issues

Call to adopt unified approach to resolution of national issues

Participants on enforcement of culture of democracy and human rights in Pakistan have demanded that all political parties, despite their personal or policy differences, should adopt the strategy of negotiation for resolving the crises in the supreme inter
Published 26 Jul, 2011 12:00am
Thai government giving top priority to early signing of FTA

Thai government giving top priority to early signing of FTA

Thai government is giving top priority to early signing of Free Trade Agreement (FTA) between Pakistan and Thailand and trying to hold an early meeting of Pak-Thai Joint Trade Commission in this regard. Thai Minister, Department of South Asian, Middle Eas
Published 26 Jul, 2011 12:00am
Ramazan Package: Flour mills to be provided 13,500 tons of wheat

Ramazan Package: Flour mills to be provided 13,500 tons of wheat

Punjab Food Department will provide 13,500 tons of wheat to the flour mills of the province on subsidised rates on daily basis during the holy month of Ramazan-ul-Mubarak. This is 25 percent more wheat as compared to wheat issued to the flourmills previou
Published 26 Jul, 2011 12:00am
SC approached for abolishing death penalty

SC approached for abolishing death penalty

A constitutional petition has been filed before the Supreme Court of Pakistan with the request to abolish death penalty in the country. The petitioner, Wattan Party provincial President, Basim Khan contended that due to lack of just, fair and reasonable p
Published 26 Jul, 2011 12:00am
Sharif brothers advised to sell sugar at Rs 55 per kg

Sharif brothers advised to sell sugar at Rs 55 per kg

Advisor to Prime Minister for Industries Mohammad Basharat Raja has advised Sharif brothers to open sale points in their sugar mills for selling sugar at Rs 55/kg. Talking to different delegations here at State Guest House, Basharat Raja, who is also Vice
Published 26 Jul, 2011 12:00am
FPCCI assured of resolving gas supply issue

FPCCI assured of resolving gas supply issue

Managing Director SNGPL, Arif Hameed has assured the FPCCI delegation of resolving gas supply issues of industry for smooth economic activity in the country. He was talking to the FPCCI delegation led by Mian Muhammad Tariq Shafi, Regional Chairman FPCCI
Published 26 Jul, 2011 12:00am
Speakers for launching awareness campaign against quackery

Speakers for launching awareness campaign against quackery

Speakers while addressing a seminar on "Counterfeit Medicines and Quackery" stressed the need for introducing cutting-edge anti-counterfeiting methodologies to fight the menace of fake drugs and safeguard the health of the nation. The seminar was jointly
Published 26 Jul, 2011 12:00am
Islamic Microfinance Network opens for membership world-wide

Islamic Microfinance Network opens for membership world-wide

Islamic microfinance sector is aggressively making progress by effectively addressing the deficiencies and challenges faced by the traditional microfinance industry. According to a press release issued by Islamic Microfinance Islamic Microfinance Network
Published 26 Jul, 2011 12:00am
'US, Pakistan making progress despite challenges

'US, Pakistan making progress despite challenges

It is a challenging time for both Pakistan and the United States, but both are making progress; given what they are dealing with, differences between the two countries will not be instantly resolved, observed Dilwar A. Syed, a member of US President's Adv
Published 26 Jul, 2011 12:00am
Iran-China oil trade runs smoothly: sources

Iran-China oil trade runs smoothly: sources

Iran's oil trade with China, its biggest crude buyer, has not suffered the problems hampering its exports to India, Beijing-based oil industry officials said on Monday. Chinese companies first started paying in euros for their Iranian crude in 2006 and ha
Published 26 Jul, 2011 12:00am
Corn and soybean bids weak at US Gulf Coast

Corn and soybean bids weak at US Gulf Coast

Basis bids for corn and soyabeans shipped by barge to the US Gulf Coast were steady to lower on Monday amid sluggish demand, while wheat basis bids were quietly steady, traders said. Barge freight was steady to weak as demand for freight was slow, traders
Published 26 Jul, 2011 12:00am
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