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Print - 2011-08-18
Bata Pakistan's profit after tax declines

Bata Pakistan's profit after tax declines

The profit after tax of Bata Pakistan Limited has slightly declined to Rs 375.722 million in the half year period ended June 30, 2011 as compared to Rs 382.730 million earned in the corresponding period in 2010. The board of directors of the company in it
Published 18 Aug, 2011 12:00am
Bata Pakistan's profit after tax declines

Bata Pakistan's profit after tax declines

The profit after tax of Bata Pakistan Limited has slightly declined to Rs 375.722 million in the half year period ended June 30, 2011 as compared to Rs 382.730 million earned in the corresponding period in 2010. The board of directors of the company in it
Published 18 Aug, 2011 12:00am
Sarfraz Shah case: five more file appeal against ATC verdict

Sarfraz Shah case: five more file appeal against ATC verdict

Five more convicts in Sarfaraz Shah murder case on Wednesday filed appeal in Sindh High Court (SHC) against their conviction by the Anti-Terrorism Court (ATC). Two convicts Muhammad Tariq and Manthar Ali filed appeals through advocate Habib Ahmed while ap
Published 18 Aug, 2011 12:00am
Schedule for exam forms

Schedule for exam forms

Controller of Examinations University of Sindh has announced the schedule for the filing of examination forms by eligible candidates for B.A (regular/external) B.Sc, B.Com, B.Sc Home Economics (Regular) part-I and Part-II, M.A (Previous and final) externa
Published 18 Aug, 2011 12:00am
Al Meezan announces dividend for MBF

Al Meezan announces dividend for MBF

The meeting of the Board of Directors of Al Meezan Investment Management Limited (Al Meezan), the Asset Management company of Meezan Balanced Fund (MBF) Meezan Islamic Fund (MIF), Meezan Islamic Income Fund (MIIF), Meezan Cash Fund (MCF), Meezan Sovereign
Published 18 Aug, 2011 12:00am
Al Meezan announces dividend for MBF

Al Meezan announces dividend for MBF

The meeting of the Board of Directors of Al Meezan Investment Management Limited (Al Meezan), the Asset Management company of Meezan Balanced Fund (MBF) Meezan Islamic Fund (MIF), Meezan Islamic Income Fund (MIIF), Meezan Cash Fund (MCF), Meezan Sovereign
Published 18 Aug, 2011 12:00am
Floods second year in a row

Floods second year in a row

The monsoon rains, second year in a row, have already devastated entire villages in various parts of Sindh and cut them off from the rest of the country. Breaches are developing that are exacerbating the flooding, for example, the Left Bank Outfall Drain,
Published 18 Aug, 2011 12:00am
Pay for performance relationship?

Pay for performance relationship?

No one has defined the Pak-US relationship as succinctly and perhaps more accurately than Vice President Joe Biden, who called it "transactional" - as against their diplomats, who often spin it out as strategic and long-lasting. Look incisively through an
Published 18 Aug, 2011 12:00am
What is in store for PPP?

What is in store for PPP?

There are people who build and there are those who destroy. Founder of the Pakistan People's Party Zulfiqar Ali Bhutto built one of the country's largest political parties out of nothing; his daughter kept the party strong in the face of extraordinary cha
Published 18 Aug, 2011 12:00am
The role of remittance systems in terrorist financing

The role of remittance systems in terrorist financing

As we have seen in our earlier studies that money laundering is a serious crime and effects the individuals, state and society. That is why, today, there is a global effort to educate and train individual states to prepare them to fight against money laun
Published 18 Aug, 2011 12:00am
Twenty years on, nostalgia in Russia for the Soviet empire

Twenty years on, nostalgia in Russia for the Soviet empire

Twenty years after the collapse of the Soviet Union - a process encapsulated in a failed hard-line communist coup on August 19, 1991 - many Russians long for the return of the "Empire." The nostalgia has risen as the 20th anniversary approaches, according
Published 18 Aug, 2011 12:00am
Balochistan imbroglio

Balochistan imbroglio

Indeed, it is heartening to note that a total of 133 development projects, costing Rs 305 billion, are being executed in Balochistan. As Wednesday's newspapers show, both President Zardari and Prime Minister Gilani want an early completion of these projec
Published 18 Aug, 2011 12:00am
US MIDDAY: gold flat

US MIDDAY: gold flat

Gold traded flat on Wednesday as the market paused after a two-day rally, but signs of rising inflation and a lack of clear solution to the eurozone debt crisis underpinned bullion. The metal initially rose toward $1,800 an ounce after data showed US core
Published 18 Aug, 2011 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

The September COMEX contract rose 3.80 cents to settle at $4.0320, after hitting its own 1-1/2-week peak at $4.0785 on Wednesday. Commodity investors rode a wave of confidence in global equity markets, with stronger outlooks and results from US retailers
Published 18 Aug, 2011 12:00am
US MIDDAY: grains up

US MIDDAY: grains up

US wheat rose for a seventh straight session on Wednesday to match the longest rally since January as a drop in the dollar improved export prospects for US supplies while production concerns grew. High-quality spring wheat futures traded at the smaller ex
Published 18 Aug, 2011 12:00am
US MIDDAY: sugar rises

US MIDDAY: sugar rises

Raw sugar rallied more than 4 percent early on Wednesday, while arabica coffee surged more than 10 cents a lb to a one-month high, as outside market support lifted the commodity complex and world equities climbed. October raw sugar on ICE surged 1.13 cent
Published 18 Aug, 2011 12:00am
Gold gains in Europe

Gold gains in Europe

Gold was set for a third daily rise on Wednesday, recovering from an earlier dip, due to investor unease over the lack of a clear solution to the eurozone debt crisis. The euro pared earlier losses made after a hotly anticipated summit between French Pres
Published 18 Aug, 2011 12:00am
Gold near record high in Asia

Gold near record high in Asia

Gold held steady near a record high on Wednesday after a Franco-German summit failed to convince investors that the eurozone debt crisis would be solved effectively, supporting safe-haven demand for bullion. Spot gold was little changed at $1,787.80 an ou
Published 18 Aug, 2011 12:00am
US MIDDAY: US gold soars

US MIDDAY: US gold soars

Gold prices rose 1 percent Tuesday as investors turned to the safe haven after comments by the leaders of France and Germany about closer eurozone integration and deficit limits failed to ease worries about that region's debt problems. Sluggish German gro
Published 18 Aug, 2011 12:00am
Crude, Brent up on US gasoline drawdown

Crude, Brent up on US gasoline drawdown

Crude oil rebounded on Wednesday on a sharp decline in US gasoline stocks, but persistent worries about economic growth curbed gains. Prices rose in early trade to near two-week highs, lifted by initial gains on Wall Street and a late Tuesday report by Am
Published 18 Aug, 2011 12:00am
Copper stays higher

Copper stays higher

Copper rose to its highest in a week on Wednesday as the dollar fell and stronger world equities improved risk appetite, but gains were limited on persistent concerns about the health of the global economy. Benchmark copper on the London Metal Exchange cl
Published 18 Aug, 2011 12:00am
Shanghai copper rises

Shanghai copper rises

The most-active November copper contract on the ShFE rose 0.5 percent to close at 66,800 yuan per tonne on Wednesday, after falling 1.2 percent in the last session. "Copper's rise on the LME today was led by gains on the Shanghai Futures Exchange, which s
Published 18 Aug, 2011 12:00am
US copper lower

US copper lower

Copper ended down after touching its lowest level in a week on Tuesday, as risk appetite subsided after surprisingly weak German growth data fanned worries about a faltering global economic recovery. Losses were sustained in after-hours business after a m
Published 18 Aug, 2011 12:00am
Tokyo rubber lower; Shanghai rises

Tokyo rubber lower; Shanghai rises

Key Tokyo rubber futures ended down 0.4 percent on Wednesday as a sharp deterioration in economic conditions and worries about rising supply dampened sentiment, with the market wedged into a tight range seen in the past three months. The key Tokyo Commodi
Published 18 Aug, 2011 12:00am
New York sugar, coffee and cocoa up

New York sugar, coffee and cocoa up

Raw sugar, arabica coffee and cocoa futures closed firmer Tuesday on short-covering and position rolling in largely moderate business. Key October raw sugar futures increased 0.56 cent or by 2.04 percent to close at 28.04 cents a lb. Total market volume a
Published 18 Aug, 2011 12:00am
Liffe coffee rises

Liffe coffee rises

Coffee bounced to hit 1-month highs on Wednesday, supported by bullish market technicals, while sugar was firm. Cocoa prices were steady as dealers monitored the development of the 2011/12 crop. Arabica and robusta coffee futures climbed as market technic
Published 18 Aug, 2011 12:00am
Malaysian palm oil climbs

Malaysian palm oil climbs

Malaysian palm oil futures climbed on Tuesday as traders bet strong exports would rein in stocks below 2 million tonnes this month, although financial market volatility kept some investors cautious. Palm oil has been weighed by high stocks in Malaysia and
Published 18 Aug, 2011 12:00am
New York cotton ends limit up

New York cotton ends limit up

Cotton futures settled on Wednesday up their daily limit on investor buying on bullish technicals and analysts said a more stable economic environment should nudge fibre higher this week. Oil prices were firmer and gold prices steady after a two-day rally
Published 18 Aug, 2011 12:00am
ECO unlikely to be Free Trade Area by 2015

ECO unlikely to be Free Trade Area by 2015

Economic Co-operation Organisation (ECO) is unlikely to be a Free Trade Area (FTA) by 2015 as envisioned by the charter of the Organisation as tariff issues are far from settled because Iran and Turkey have taken a strong position against each other.
Published 18 Aug, 2011 12:00am
Provinces to launch computerisation of arm licences soon

Provinces to launch computerisation of arm licences soon

Provinces would soon launch a process to computerise arm licenses as part of campaign launched by the federal government to curb incidents of lawlessness, eliminate fake licences and illegal weapons from the country. The computerisation of arm licenses ha
Published 18 Aug, 2011 12:00am
Monsoon season: Billboards still pose serious threat to citizens

Monsoon season: Billboards still pose serious threat to citizens

The engineers of the City District Government Karachi (CDGK) have adopted a new policy on billboards and signboard to prevent occurrence of any calamity during monsoon season. The CDGK Local Taxes (LT) District Officer (DO) Muhammad Rehan Khan had on May
Published 18 Aug, 2011 12:00am
Three robbers nabbed

Three robbers nabbed

The district police, in an operation, has arrested three dangerous dacoits at Karakorum Highway (KKH), Chilas. Assistant Superintendent Police (ASP) Chilas Muhammad Naveed told newsmen on Wednesday that the three robbers were wanted in several truck robbe
Published 18 Aug, 2011 12:00am
Munter asks for early recovery of Weinstein

Munter asks for early recovery of Weinstein

US Ambassador Cameron Munter called on Foreign Minister Hina Rabbani Khar at the Foreign Office Wednesday and asked for early recovery of Warren Weinstein, an American citizen kidnapped from his Lahore residence on August 13. According to the Foreign Offi
Published 18 Aug, 2011 12:00am
NGOs join hands for rights, protection of children

NGOs join hands for rights, protection of children

A large number of like minded National and International Non-Governmental Organisation (NGOs) has decided to launch a Child Rights Movement (CRM) in the country to tackle the issues of children like violence, abuse and exploitation.
Published 18 Aug, 2011 12:00am
Government to present Accountability Bill in National Assembly after Eid

Government to present Accountability Bill in National Assembly after Eid

The government has decided to table the draft proposed accountability commission bill in the National Assembly in its next session after Eid-ul-Fitr, it has been learnt. The National Accountability Commission Bill is pending with National Assembly Standin
Published 18 Aug, 2011 12:00am
Australian and New Zealand dollars rise

Australian and New Zealand dollars rise

The Australian dollar rose to two-week highs on the Swiss franc on Wednesday as talk swirled Swiss authorities could try more drastic measure to curb the safe-haven franc, a move that should benefit riskier commodity currencies. The Aussie was also helped
Published 18 Aug, 2011 12:00am
Sterling rallies

Sterling rallies

Sterling rose to a 3-1/2 month high on Wednesday, paring early losses triggered by dovish Bank of England minutes and weak jobs data, as investors reversed bearish bets on the UK currency and the greenback came under fresh selling pressure.
Published 18 Aug, 2011 12:00am
Indian rupee eases

Indian rupee eases

The Indian rupee ended weaker on Wednesday as positive local shares were offset by dollar demand from domestic oil refiners and a choppy euro after French and German leaders' plans for closer eurozone integration failed to improve shaky investor sentiment
Published 18 Aug, 2011 12:00am
Won, Singapore dollar down

Won, Singapore dollar down

The South Korean won and the Singapore dollar eased as interbank speculators added dollar positions following a lack of progress in talks over common eurozone bonds and after the Swiss central bank refrained from steps such as pegging, pushing down the eu
Published 18 Aug, 2011 12:00am
Yuan slightly weaker

Yuan slightly weaker

The yuan closed slightly weaker against the dollar on Wednesday as the central bank set its mid-point slightly weaker ahead of a visit to China by US Vice President Joe Biden this week and after the fixing hit a record high for the past five sessions. Spo
Published 18 Aug, 2011 12:00am
Swiss franc up

Swiss franc up

The Swiss franc soared against the euro and the dollar on Wednesday, erasing earlier losses after the Swiss National Bank announced measures to keep the currency in check but failed to introduce an exchange rate target. The franc rose 1.3 percent against
Published 18 Aug, 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 Wednesday 74.55/74.70 (previous 74.62/74.70). Call Money Rates: 11.00-12.00 percent (previous 9.50-12.00 percent).
Published 18 Aug, 2011 12:00am
Euro declines in New York

Euro declines in New York

The euro declined against the dollar on Tuesday as proposals by French and German leaders to stem the European debt crisis failed to bolster investor confidence in the eurozone. French President Nicolas Sarkozy and German Chancellor Angela Merkel unveiled
Published 18 Aug, 2011 12:00am
Early trade in New York: Swiss franc gains

Early trade in New York: Swiss franc gains

The Swiss franc firmed on Wednesday and could well test record highs in the coming days, as fresh measures by the Swiss National Bank and the Swiss government to slow the pace of the currency's rise disappointed investors bracing for more drastic steps.
Published 18 Aug, 2011 12:00am
Swiss franc jumps in London

Swiss franc jumps in London

The Swiss franc jumped sharply on Wednesday as fresh steps by the Swiss National Bank to stem the currency's gains disappointed a market positioned for more radical measures. The SNB said it would boost liquidity by expanding sight deposits to 200 billion
Published 18 Aug, 2011 12:00am
Euro wobbles in Asia

Euro wobbles in Asia

The euro wobbled around the top of its daily Ichimoku cloud on Wednesday, hurt by a lack of progress in talks over a common eurozone bond and weaker-than-expected German GDP, while the Swiss franc stayed under pressure on expectations of imminent action t
Published 18 Aug, 2011 12:00am
Dollar Libor rates march higher

Dollar Libor rates march higher

Interbank dollar borrowing costs rose on Wednesday and the European Central Bank's weekly dollar tender attracted demand for the first time since February, with more banks likely to tap the ECB for the greenback as money market strains persist A Franco-Ge
Published 18 Aug, 2011 12:00am
Financials drag FTSE lower

Financials drag FTSE lower

Weaker financial stocks led British shares lower on Wednesday as the outcome of a Franco-German summit left investors still anxious about the eurozone debt crisis and concerned about the impact of plans for a new tax on the industry. The FTSE 100 index cl
Published 18 Aug, 2011 12:00am
European share soar

European share soar

European equities closed at their highest in almost two weeks on Wednesday, as investors switched their focus to company earnings and cheap equity valuations after disappointment at a Franco-German summit had led to losses earlier in the session. The Euro
Published 18 Aug, 2011 12:00am
Indian shares rise

Indian shares rise

Indian shares rose 0.8 percent in early trade on Wednesday on bargain hunting by institutional investors after a three-day slide, but the overall mood was cautious amid lingering worries about the health of the global economy. Shares in Tata Motors fell a
Published 18 Aug, 2011 12:00am
Nikkei average falls

Nikkei average falls

The Nikkei average fell on Wednesday after a meeting between the heads of France and Germany failed to quell doubts about eurozone leaders' ability to contain sovereign debt woes. Analysts said the Nikkei's hold above 9,000 could depend on whether the yen
Published 18 Aug, 2011 12:00am
Most Southeast Asian markets rise

Most Southeast Asian markets rise

Most Southeast Asian stock markets pushed higher on Wednesday amid good demand for shares with high dividend yields but concern about the negative spillover of the slowdown in the United States and Europe kept risk appetite in check. Share markets face ch
Published 18 Aug, 2011 12:00am
Seoul shares up

Seoul shares up

Seoul shares erased early losses and closed higher for a second day on Wednesday, as investors snapped up domestic-focused titles such as SK Telecom and CJ Corp amid an uncertain global economic outlook. The benchmark Korea Composite Stock Price Index clo
Published 18 Aug, 2011 12:00am
Treasuries rise

Treasuries rise

Disappointment that French and German leaders declined to propose a boost to the eurozone bailout fund and said all 17 eurozone countries should commit to balanced finances fed a safe-haven bid for US Treasuries on Tuesday. German Chancellor Angela Merkel
Published 18 Aug, 2011 12:00am
Treasuries rise

Treasuries rise

Disappointment that French and German leaders declined to propose a boost to the eurozone bailout fund and said all 17 eurozone countries should commit to balanced finances fed a safe-haven bid for US Treasuries on Tuesday. German Chancellor Angela Merkel
Published 18 Aug, 2011 12:00am
Taiwan stocks lower

Taiwan stocks lower

Taiwan stocks ended down 0.73 percent on Wednesday as lingering concerns over US and European debt problems cast a shadow on the prospects of tech exporters such as Hon Hai Precision. "Stocks staged quite a rebound in the last few sessions. That together
Published 18 Aug, 2011 12:00am
Sarkozy, Merkel plan fails to inspire Wall Street

Sarkozy, Merkel plan fails to inspire Wall Street

US stocks fell on Tuesday after three days of gains when a meeting between the heads of France and Germany failed to quell fears about eurozone leaders' ability to contain the region's sovereign debt woes. Efforts to stem the spreading European debt crisi
Published 18 Aug, 2011 12:00am
Wednesday's early trade: Nasdaq briefly dips below one percent

Wednesday's early trade: Nasdaq briefly dips below one percent

The Nasdaq briefly fell below 1 percent on Wednesday, pressured by a decline in Dell shares a day after the computer maker's quarterly revenues came in below estimates and it forecast flat current-quarter sales. The Dow Jones industrial average was down 2
Published 18 Aug, 2011 12:00am
Chinese shares slip, Hang Seng index gains

Chinese shares slip, Hang Seng index gains

Hong Kong shares barely gained on Wednesday, suggesting markets remain fragile despite an early boost after China said mainland investors would be able to buy exchange-traded fund (ETF) products based on stocks listed in the territory. Turnover hit its lo
Published 18 Aug, 2011 12:00am
Most Gulf markets up; Mobinil lifts Egypt's bourse

Most Gulf markets up; Mobinil lifts Egypt's bourse

Egypt's bourse ended higher on Wednesday as Mobinil rebounded from declines on talk of potential shareholding changes, while most Gulf markets gained in lacklustre trade. Egypt's index gained 2.3 percent on heavy buying of Mobinil after some traders said
Published 18 Aug, 2011 12:00am
Ireland to insist transaction tax apply to whole of EU

Ireland to insist transaction tax apply to whole of EU

Ireland warned on Wednesday that French and German proposals to introduce a new financial transaction tax will face opposition from other European countries and Dublin will insist that any such tax apply to the entire EU, not just euro zone members. Irela
Published 18 Aug, 2011 12:00am
France to tighten tax breaks in 2012 as growth cools

France to tighten tax breaks in 2012 as growth cools

France is considering measures including slapping more tax on high earners, reducing housing tax breaks and cutting tax credits for corporations as part of a package to meet deficit targets in the face of weak growth. President Nicolas Sarkozy's governmen
Published 18 Aug, 2011 12:00am
England seek whitewash

England seek whitewash

England will look to cement their place as the world's number one Test side by completing a whitewash of India when the fourth and final match of their series starts at The Oval here on Thursday. India arrived atop the ICC's Test Championship table but pr
Published 18 Aug, 2011 12:00am
England upbeat about Anderson

England upbeat about Anderson

England are increasingly confident spearhead fast bowler James Anderson will be fit to face India in the fourth and final Test at The Oval starting here on Thursday. The Lancashire swing specialist bowled for some 30 minutes in the nets at the south Londo
Published 18 Aug, 2011 12:00am
FA Cup to go live on Facebook

FA Cup to go live on Facebook

Non-league sides Ascot United and Wembley FC will create a small slice of footballing history on Friday when their FA Cup preliminary round tie is screened live on Facebook, it was confirmed Wednesday. For the first time in history, Facebook is "televisin
Published 18 Aug, 2011 12:00am
Former Scotland defender dies

Former Scotland defender dies

Former Wolves and Scotland defender Frank Munro has died following a heart attack, the English Premier League club confirmed Wednesday. He was 63. Munro represented Scotland nine times during his career but was most famous for his nine years at Wolves bet
Published 18 Aug, 2011 12:00am
PFF seeks cash awards for U-16 soccer team

PFF seeks cash awards for U-16 soccer team

Pakistan Football Federation (PFF) has asked federal and provincial governments to announce cash awards for Pakistan U-16 soccer team for winning the final of South Asian Football Federation (SAFF) Championship by defeating arch rivals India.
Published 18 Aug, 2011 12:00am
Dhoni warns against India 'panic'

Dhoni warns against India 'panic'

India captain Mahendra Singh Dhoni warned against "panic" measures as his team aimed to salvage some pride against England in the fourth and final Test at The Oval starting here on Thursday. England, an unbeatable 3-0 up in the series, dethroned India as
Published 18 Aug, 2011 12:00am
Aussie captain looks for better show

Aussie captain looks for better show

Australia captain Michael Clarke has urged his team to raise their game in the remaining two one-day internationals against Sri Lanka to clinch the five-match series. Australia were let down by the batsmen during the third one-dayer on Tuesday as they suf
Published 18 Aug, 2011 12:00am
Usman awarded stipend contract by PCB

Usman awarded stipend contract by PCB

Pakistan Cricket Board (PCB) committee comprising Mohsin Khan, Intikhab Alam and Zakir Khan formed to recommend names of players has recommended addition of Usman Salahuddin to the list of players being given the PCB central contracts (under Stipend Categ
Published 18 Aug, 2011 12:00am
Former Qantas chief named World Cup supremo

Former Qantas chief named World Cup supremo

The former chief of Australian airline Qantas was Wednesday appointed chairman of the organising committee for the 2015 Cricket World Cup, to be hosted by Australia and New Zealand. James Strong, currently chairman of retailer Woolworths, will lead the bo
Published 18 Aug, 2011 12:00am
Serena, Sharapova and Kvitova win

Serena, Sharapova and Kvitova win

Former world number one Serena Williams continued her return to form with a convincing 6-3 7-6 victory over Czech Lucie Hradecka in the first round of the Cincinnati Open Tuesday but showed signs of fatigue in her second set. Williams, who clinched the To
Published 18 Aug, 2011 12:00am
Federer sinks: Del Potro at Cincinnati Open

Federer sinks: Del Potro at Cincinnati Open

World number three Roger Federer cast aside bad memories to defeat Argentina's Juan Martin Del Potro 6-3 7-5 at the Cincinnati Open Tuesday. Del Potro had upset Federer in the 2009 US Open final before injuries set back his career but the Swiss looked at
Published 18 Aug, 2011 12:00am
Lyon come from behind to seize initiative

Lyon come from behind to seize initiative

A Jimmy Briand header 19 minutes from time completed a rousing fightback from Lyon as the French club beat Rubin Kazan 3-1 in the first-leg of their Champions League play-off. Vladimir Dyadyun had stunned the Stade de Gerland as he handed the Russian visi
Published 18 Aug, 2011 12:00am
Some changes seen in thin trade on grain market

Some changes seen in thin trade on grain market

Thin business was seen on the wholesale grain market on Tuesday as most of the buyers were waiting for decline in the prices, dealers said. On the grams side guwar Sindh and Punjab continued fall, losing further Rs 50 to Rs 6500-6600, other items retained
Published 18 Aug, 2011 12:00am
Mills' active buying pushes prices up on cotton market

Mills' active buying pushes prices up on cotton market

Forward buying by mills pushed prices slightly up on the cotton market on Wednesday and it is expected that prices may not depict sharp changes in the near future, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 6
Published 18 Aug, 2011 12:00am
Oil cake market rates

Oil cake market rates

The December vaida was higher while the January vaida was unchanged on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The December contract that had ended at Rs 1314.20 commenced with a gain of 30 paisa to Rs 1314.
Published 18 Aug, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 102,418 tonnes of cargo including 74,867 tonnes of import cargo, 27,551 tonnes of export cargo and 3,449 loaded & empty containers during last 24 hours ended at 0700 hours on Wednesday. The total import cargo of 74,867 tonnes comp
Published 18 Aug, 2011 12:00am
Indian states seek more rice exports

Indian states seek more rice exports

Several Indian states have asked the government to allow more rice exports, Food Minister K.V. Thomas said on Wednesday, as a first round of one million tonnes remains blocked by a court and stocks are still bulging. Thomas, who took independent charge of
Published 18 Aug, 2011 12:00am
Wheat export premiums steady at US Gulf Coast

Wheat export premiums steady at US Gulf Coast

Wheat export premiums at the US Gulf Coast were steady on Tuesday amid mostly routine business and tightening global supplies of high-protein milling wheat, traders said. US wheat futures prices rallied on Tuesday, led by spring wheat, on talk of lower-th
Published 18 Aug, 2011 12:00am
Ukraine's August grain exports seen down

Ukraine's August grain exports seen down

Ukrainian grain exports are unlikely to exceed 1.2 million tonnes in August, Ukraine's Grain Confederation (UAC) industrial lobby said on Wednesday, down from exports of 1.3 million tonnes of grain in August 2010. Ukraine exported 12.7 million tonnes of g
Published 18 Aug, 2011 12:00am
Ivorian cocoa product exports down

Ivorian cocoa product exports down

Exports of semi-finished cocoa products from Ivory Coast totalled 222,205 tonnes between October and July, down about 18 percent from the same period in the previous season, provisional port data showed on Wednesday. That was despite a bumper crop expecte
Published 18 Aug, 2011 12:00am
Russia may export up to 2.9 million tonnes of grain

Russia may export up to 2.9 million tonnes of grain

Russia exported 2.6 million tonnes of grain in July after a nearly year-long ban expired and may export up to 2.9 million tonnes in August, including 2.6 million tonnes of wheat, SovEcon believes. Russia's main grain lobby, the Russian Grain Union, expect
Published 18 Aug, 2011 12:00am
NISHAT CHUNIAN LIMITED

NISHAT CHUNIAN LIMITED

Nishat Chunian Limited was incorporated in 1990 as a public limited company with an equity investment of Rs 100 million. A spinning mill having a capacity of 14,400 spindles was established at Bhai Pheru, Tehsil Chunian and commercial production started o
Published 18 Aug, 2011 12:00am
NISHAT CHUNIAN LIMITED

NISHAT CHUNIAN LIMITED

Nishat Chunian Limited was incorporated in 1990 as a public limited company with an equity investment of Rs 100 million. A spinning mill having a capacity of 14,400 spindles was established at Bhai Pheru, Tehsil Chunian and commercial production started o
Published 18 Aug, 2011 12:00am
'All current problems a gift of dictatorship'

'All current problems a gift of dictatorship'

Parliamentary Secretary for Human Rights, Rubina Saadat Qaimkhani said that terrorism and other issues being faced by the nation today are a gift of dictatorship, and Pakistan People's Party is trying to cope with the issues. Talking to PTV on Wednesday,
Published 18 Aug, 2011 12:00am
13-member parliamentary team leaves for New Delhi

13-member parliamentary team leaves for New Delhi

A 13-member parliamentary delegation headed by Deputy Speaker National Assembly Faisal Kareem Kundi Wednesday left for New Delhi, India to participate in the second round of Pakistan-India Parliamentarians' Dialogue. The delegation during its stay will pa
Published 18 Aug, 2011 12:00am
Contractors' dues against NHA increase to Rs 26 billion

Contractors' dues against NHA increase to Rs 26 billion

The outstanding liabilities of contractors against the National Highway Authority (NHA) have increased to Rs 26 billion due to financial constraint, resulting in delaying projects, NHA informed the National Assembly Standing Committee on Communication, wh
Published 18 Aug, 2011 12:00am
Gorbachev 'unhappy' with Russia, 20 years on

Gorbachev 'unhappy' with Russia, 20 years on

The Soviet Union's last leader Mikhail Gorbachev on Wednesday expressed sadness that Russia was "going backwards", two decades after the coup that precipitated the collapse of the USSR. In a clear attack on the dominant political grouping of Vladimir Puti
Published 18 Aug, 2011 12:00am
Muslim nations pledge help for Somalia

Muslim nations pledge help for Somalia

Muslim nations on Wednesday pledged to contribute $350 million to a fund to assist famine-hit Somalia, the head of the 57-nation Organisation of Islamic Co-operation said. The amount fell short of the $500 million the group was aiming for, said Ekmeleddin
Published 18 Aug, 2011 12:00am
UK watchdog clears former police chief over hacking scandal

UK watchdog clears former police chief over hacking scandal

Britain's police watchdog on Wednesday cleared the country's former top officer of misconduct over an investigation by his force into phone hacking at the News of the World tabloid. Paul Stephenson quit as head of London's Metropolitan Police last month a
Published 18 Aug, 2011 12:00am
British Prime Minister defends tough justice for Rioters

British Prime Minister defends tough justice for Rioters

British Prime Minister David Cameron backed tough sentences for rioters on Wednesday after campaigners raised concerns about two men jailed for four years each for trying to organise unrest on Facebook. The sentences given to Jordan Blackshaw, 20, from Ch
Published 18 Aug, 2011 12:00am
French businessman pays Belgian face veil fines

French businessman pays Belgian face veil fines

A French businessman paid fines on Wednesday for two women in Belgium who wore full-face veils in public and said he would take Belgium and France to court over laws banning Muslim niqabs and burqas. Property dealer Rachid Nekkaz has set up a 1 million eu
Published 18 Aug, 2011 12:00am
Syrian troops detain dozens, three killed in north

Syrian troops detain dozens, three killed in north

Syrian troops detained scores of people in Damascus and the coastal city of Latakia in overnight raids as President Bashar Assad's regime tried to forcefully end a five-month uprising, activists said Wednesday. Assad dramatically escalated his crackdown o
Published 18 Aug, 2011 12:00am
Iran says killed dozens in push on Kurdish rebels

Iran says killed dozens in push on Kurdish rebels

Iran's Revolutionary Guards said on Wednesday they had killed dozens of Kurdish rebels in a military campaign that critics say has endangered civilians across the border in Iraq.
Published 18 Aug, 2011 12:00am
UN-backed tribunal publishes Hariri indictment

UN-backed tribunal publishes Hariri indictment

A UN-backed court probing the assassination of Lebanon's former prime minister Rafiq Hariri said Wednesday it had enough evidence to try four Hezbollah members, as it published the full indictment. While the court had previously named the four suspects, i
Published 18 Aug, 2011 12:00am
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