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Print - 2011-12-16
BoK opens Raast Islamic Banking branch in D I Khan

BoK opens Raast Islamic Banking branch in D I Khan

Managing Director, Bank of Khyber (BoK), Bilal Mustafa inaugurated Raast Islamic Banking branch at Tank Adda, D.I.Khan, here on Thursday. Mustafa said BOK was committed to cater the banking requirements of Islamic Banking as well as conventional in order
Published 16 Dec, 2011 12:00am
Prgmea anticipates sharp decline in apparel exports

Prgmea anticipates sharp decline in apparel exports

Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) anticipates a sharp decline in apparel exports nearly to $3 billion this fiscal year by about 30 percent for the big economic downturn both EU and US undergo at present.
Published 16 Dec, 2011 12:00am
Three killed in road accidents

Three killed in road accidents

At least three persons including a woman were killed in separate road mishaps at different parts of the metropolis, here on Thursday. According to police and rescue sources, a 60-year-old woman was crushed to death near Qalandarya Chowk in the limits of S
Published 16 Dec, 2011 12:00am
Second act of the memo drama

Second act of the memo drama

I firmly believe that there is no truth in the claims made by Mansoor Ijaz either about President Zardari and Haqqani or the ISI chief. These claims were belied by unity and solidarity shown by both the civilian and military leadership in the wake of unil
Published 16 Dec, 2011 12:00am
China's rural harmony

China's rural harmony

Five years ago, Xu Kun and Feng Guangmei ran a shop in the fishing village of Baihutou, or White Tiger Head, in southern China's Guangxi region. Many residents of the beachside village were prospering as more and more tourists arrived to enjoy the nearby
Published 16 Dec, 2011 12:00am
India's cheap hooch is often lethal

India's cheap hooch is often lethal

Shankar Mahato felt his vision going hazy the morning after a drink at a local hooch den near his village in India's eastern state of West Bengal. He got cramps and began to shiver, his wife told NDTV television channel. Mahato, a poor mason, was taken to
Published 16 Dec, 2011 12:00am
Issues in tax reforms

Issues in tax reforms

The complete failure in every sphere of governance in Pakistan has led to a near breakdown of all State institutions which, inflicted with inefficiency and corruption, are now the root cause of the perpetual crises in the society. People working in these
Published 16 Dec, 2011 12:00am
Envoys' conference

Envoys' conference

As expected, the two-day envoys conference has proved to be the temporising saucer that moderates the hot tea poured from the cup; it has counselled forbearance and restraint as Pakistan undertakes an exercise to revisit and review its relationship with t
Published 16 Dec, 2011 12:00am
Set priorities right - in the interest of country

Set priorities right - in the interest of country

The Chief Justice of Pakistan queried as to why the government had failed to optimise the generation capacity of Independent Power Producers (IPPs) reliant on sources other than gas for fuel rather than on Rental Power Projects (RPPs) in spite of being fu
Published 16 Dec, 2011 12:00am
Nepal Ambassador visits Punjab University

Nepal Ambassador visits Punjab University

Ambassador of Nepal in Pakistan Bala Bahadur Kunwar and Deputy Chief of Mission D.P. Bahandari visited the Punjab University and called on Vice-Chancellor Professor Dr Mujahid Kamran in the committee room of VC Office here on Thursday. Deans of various fa
Published 16 Dec, 2011 12:00am
Exhibition of masterpieces of Dr Ijaz opens

Exhibition of masterpieces of Dr Ijaz opens

An exhibition of masterpieces of artist, Dr Ijaz Anwar has been inaugurated here on Thursday at Lahore City Heritage Museum Mall Road Lahore. Paintings of famous personalities of Lahore have been displayed in the Hall of Fame of Lahore City Heritage Museu
Published 16 Dec, 2011 12:00am
Business deals and joint ventures: Indonesian trade team due in February

Business deals and joint ventures: Indonesian trade team due in February

The Ambassador of Republic of Indonesia, Ishak Latuconsina, has said that an Indonesian trade delegation will be visiting Pakistan in February 2012 to have business deals and joint ventures with their Pakistani counterparts. While speaking at the Lahore C
Published 16 Dec, 2011 12:00am
Australian delegation visits UAF

Australian delegation visits UAF

Australia and Pakistan have stressed the need to boost up institutional and people-to-people contacts to enhance ties especially in the field of agriculture particularly food security in a bid to facing the challenges confronting the countries.
Published 16 Dec, 2011 12:00am
CAA conducts full-scale airport emergency exercise

CAA conducts full-scale airport emergency exercise

Civil Aviation Authority conducted a full-scale airport emergency exercise 'air contingency' Thursday to check the response of airport staff during any emergency. CAA Spokesman, Pervez George said while talking to press at Multan Airport. He said that bes
Published 16 Dec, 2011 12:00am
'Effective anti-dengue campaign to be launched'

'Effective anti-dengue campaign to be launched'

DCO Naseem Sadiq has said that door to door anti dengue campaign similar to polio campaign would be launched in the district to avoid the attack of the former in future. He disclosed this while presiding over a meeting held, here on Thursday, to review th
Published 16 Dec, 2011 12:00am
Farmers' bodies should come forward for safety of growers: PCGA

Farmers' bodies should come forward for safety of growers: PCGA

Pakistan Cotton Ginners Association (PCGA), Chairman Amanullah Qureshi, said that government should safeguard the interest of 70 percent farmers instead of protecting the interest of handful individuals by asking Trading Corporation of Pakistan (TCP) to l
Published 16 Dec, 2011 12:00am
'Punjab government paying attention to development of livestock sector'

'Punjab government paying attention to development of livestock sector'

Punjab Minister for Agriculture and Livestock Malik Ahmed Ali Aulakh has said despite financial constraints, the Punjab government is paying special attention on the development of livestock sector. He was addressing a Cheque distribution ceremony organis
Published 16 Dec, 2011 12:00am
Six outlaws killed

Six outlaws killed

Six outlaws were killed in retaliation by Balochistan Frontier Corps in the Balgudar area of Turbat district late Wednesday night. A spokesman to FC here Thursday said a group of outlaws ambushed a FC convoy proceeding to Panjgoar from Turbat with sophist
Published 16 Dec, 2011 12:00am
Acute energy shortage: textile industry may enter a difficult phase

Acute energy shortage: textile industry may enter a difficult phase

Textile industry in Punjab is likely to enter a difficult phase with acute energy shortage ahead. The mercury is dropping fast with every passing day, already reduced to 12c and gas pressure in pipelines would reduce, resulting in more miseries to the tex
Published 16 Dec, 2011 12:00am
'BISP playing pivotal role in eradication of poverty'

'BISP playing pivotal role in eradication of poverty'

The Benazir Income Support Programme (BISP) is playing a pivotal role in eradication of poverty as well as socio-economic uplift of the deprived segments of society by imparting vocational and technical training to millions of youth, said BISP Chairperson
Published 16 Dec, 2011 12:00am
Students protest against delay in results

Students protest against delay in results

Students protested against the delay in results outside the intermediate board and blocked the Benazir road for several hours, here on Thursday. The angry protesters entered the intermediate board building and set on fire record and other material. Later,
Published 16 Dec, 2011 12:00am
Two new Indian Army camps in the offing in IHK

Two new Indian Army camps in the offing in IHK

In contravention to the growing demand of troops withdrawal, the Indian army is planning to set up two more camps at over 800 kanals of land in occupied Kashmir. The residents of the district said that the Indian army camps would be established at 896 kan
Published 16 Dec, 2011 12:00am
USC network to be strengthened: minister

USC network to be strengthened: minister

Senior Federal Minister for Industries, Chaudhry Pervaiz Elahi has said that the network of Utility Stores Corporation would further be strengthened, besides improving its performance for the relief of people across the country. He was presiding over a me
Published 16 Dec, 2011 12:00am
Speakers urge post-flood recovery of agriculture sector

Speakers urge post-flood recovery of agriculture sector

Speakers at investment conference have stressed the need for investment in agricultural, livestock and dairy development sectors. They said that the sectors have great potential for economic development for the province.
Published 16 Dec, 2011 12:00am
Sindh University notification

Sindh University notification

The Controller of Examinations University of Sindh on Thursday announced that semester examinations of all public/private affiliated colleges for BCS, BCIT, BBA(Pass), BBA 4-year programme MBA/ADE 2-year Programme and B.Ed (PITE) will be conducted in Janu
Published 16 Dec, 2011 12:00am
Collectorates to remain open on December 17, 24 and 31

Collectorates to remain open on December 17, 24 and 31

FBR has ordered that all the Model Customs Collectorates shall remain open on Saturday 17th, 24th and 31st December, 2011, as normal working days in order to facilitate the trade and industry in getting their cargo cleared for imports and exports.
Published 16 Dec, 2011 12:00am
Food insecurity in Sindh: NDMA strongly rejects WFP's assessment

Food insecurity in Sindh: NDMA strongly rejects WFP's assessment

National Disaster Management Authority (NDMA) while strongly rejecting the assessment made by the World Food Programme (WFP) regarding the food insecurity in Sindh has said neither there is any fear of food shortage nor would any such situation to arise i
Published 16 Dec, 2011 12:00am
FBR urged to evolve mechanism to tax the untaxed sectors

FBR urged to evolve mechanism to tax the untaxed sectors

The Lahore Chamber of Commerce and Industry (LCCI) on Thursday urged the Federal Board of Revenue (FBR) to evolve a mechanism to tax the untaxed sectors, as the fast widening imbalance between the potential and the actual growth rate is the real threat to
Published 16 Dec, 2011 12:00am
Fata lawyers move Supreme Court seeking basic rights

Fata lawyers move Supreme Court seeking basic rights

Fata Lawyers Forum has challenged Article 247 (3) (7) of the Constitution in the Supreme Court of Pakistan seeking its declaration as null and void to guarantee basic fundamental rights in the federally administered tribal areas of the country.
Published 16 Dec, 2011 12:00am
JKPFL pays tributes to Abdul Khaliq Ganai

JKPFL pays tributes to Abdul Khaliq Ganai

The Jammu and Kashmir Peoples Freedom League (JKPFL) in occupied Kashmir has paid rich tributes to Abdul Khaliq Ganai alias Jamal Afghani on his 18th martyrdom anniversary. A meeting of JKPFL, held with its General Secretary, Muhammad Rafiq Ganai in the c
Published 16 Dec, 2011 12:00am
Two workers die as factory roof caves in

Two workers die as factory roof caves in

Two workers of a sheet factory died while another sustained injuries when roof of the factory caved in on Thursday, Rescue 1122 informed. The labourers were fast asleep at their factory in inter-city area of Pusht Chabutra when the roof of the factory cav
Published 16 Dec, 2011 12:00am
'20th amendment needed for granting more rights to minorities'

'20th amendment needed for granting more rights to minorities'

Federal Minister for Overseas Pakistanis Dr Farooq Sattar said that the 20th constitutional amendment is needed for granting more rights to minorities and financial autonomy to the provinces. He was addressing at the "Christmas cake cutting ceremony" orga
Published 16 Dec, 2011 12:00am
'Memo case conspiracy against parliament'

'Memo case conspiracy against parliament'

Prime Minister Syed Yousuf Raza Gilani on Thursday said that the memo case was a conspiracy against the parliament because the parliament consisted of President, Senate and the National Assembly. "Targeting the President means targeting the parliament," t
Published 16 Dec, 2011 12:00am
Solo paintings exhibition of Erum Ashfaq from December 29

Solo paintings exhibition of Erum Ashfaq from December 29

Solo paintings exhibition of Erum Ashfaq is being held at the Shakir Ali Museum of the Pakistan National Council of the Arts (PNCA) in Lahore from December 29. This will be Erum Ashfaq's second solo show in about one year, which is likely to be continued
Published 16 Dec, 2011 12:00am
UAF, PAU Lodhiana to enhance cooperation in field of agriculture

UAF, PAU Lodhiana to enhance cooperation in field of agriculture

Punjab Agriculture University Lodhiana, India and University of Agriculture Faisalabad (UAF) have decided to enhance their co-operation in the field of agriculture. A nine-member delegation of UAF headed by Vice Chancellor Professor Dr Iqrar Ahmad Khan vi
Published 16 Dec, 2011 12:00am
Sindh Assembly summoned to meet today

Sindh Assembly summoned to meet today

Sindh Governor Dr Ishratul Ibad Khan has summoned Provincial Assembly of Sindh to meet on Friday, 16th December, 2011 at 10am in Sindh Assembly Building.
Published 16 Dec, 2011 12:00am
Ufone restores BlackBerry Internet services

Ufone restores BlackBerry Internet services

Ufone has restored the BlackBerry Internet Services. The BlackBerry Internet Service (BIS) is a service that provides BlackBerry smartphone users with access to Internet browsing, allows email messaging, instant messaging using the BlackBerry Messenger se
Published 16 Dec, 2011 12:00am
Industrialists and labourers stage sit-in against loadshedding

Industrialists and labourers stage sit-in against loadshedding

Industrialists and labourers on Thursday staged a protest sit-in in front of Site Association of Industry's (SAI) office against the persistent power load shedding in industrial areas that has now reached to 12 hours daily, and low gas pressure.
Published 16 Dec, 2011 12:00am
KDA workers stage protest demonstration

KDA workers stage protest demonstration

Hundreds of workers of defunct Karachi Development Authority (KDA) on Thursday recorded their strong protest against non-payment of salaries and restoration of the previous independent status of the authority. The KDA workers staged a protest demonstratio
Published 16 Dec, 2011 12:00am
Cement sector posts 33 percent negative return in 2011 YTD

Cement sector posts 33 percent negative return in 2011 YTD

With no up tick in cement dispatches and slowdown in infrastructure spending, investors remained distant from Pakistan cement sector, which posted negative return of 33 percent in 2011 year-to-date (YTD), analysts said. Moreover, global debt crisis also k
Published 16 Dec, 2011 12:00am
Chief minister condoles

Chief minister condoles

Chief Minister Sindh Syed Qaim Ali Shah has expressed his grief and deep sorrow on the sad demise of renowned Urologist & Chief of Sindh Institute of Urology and Transplantation (SIUT), Professor Adibul Hasan Rizvi's wife. Syed Qaim Ali Shah has condoled
Published 16 Dec, 2011 12:00am
DIBPL launches 1st Islamic Priority Banking Solution

DIBPL launches 1st Islamic Priority Banking Solution

Dubai Islamic Bank Pakistan Ltd (DIBPL) has launched Pakistan's first Islamic Priority Banking Solution to offer its exclusive customers with a gateway to an exquisite banking experience. According to an announcement here on Thursday, DIBP's specially des
Published 16 Dec, 2011 12:00am
Sialkot-Daska Road to be completed in 2012: DCO

Sialkot-Daska Road to be completed in 2012: DCO

District Co-ordination Officer here, Mujahid Sher Dil has said that huge amount is being utilised on the improvement of means of communication for ensuring safe and hurdle-free travelling facility to the people of the district. The development on the mega
Published 16 Dec, 2011 12:00am
Turkish universities, UVAS sign MoU

Turkish universities, UVAS sign MoU

The University of Veterinary and Animal Sciences (UVAS) Vice Chancellor Professor Dr Talat Naseer Pasha has said that academic collaboration among two Turkish universities can help boost the livestock economy and transform the fate of the farmers. MoU sig
Published 16 Dec, 2011 12:00am
STEDA bill pending in Law department for months

STEDA bill pending in Law department for months

The bill regarding Sindh Teacher Education Development Authority (STEDA) could not be tabled in Sindh Assembly despite the passage of more than nine months. STEDA was notified on February 22, 2011 with the approval of Chief Minister Syed Qaim Ali Shah.
Published 16 Dec, 2011 12:00am
Fuel shortage brings train operations to a halt

Fuel shortage brings train operations to a halt

Pakistan Railways passengers on Thursday faced great difficulties due to inordinate delay in the departure and arrival of various trains to and from Lahore to different cities because of acute shortage of fuel. Trains operational service remained suspende
Published 16 Dec, 2011 12:00am
APML gets permission to hold public meeting at Nasir Bagh

APML gets permission to hold public meeting at Nasir Bagh

The Lahore High Court on Thursday allowed All Pakistan Muslim League (APML) to hold its public meeting at Nasir Bagh on December 18. The lawyers' wing of the party contended in its petition that the Punjab government was not allowing APML to hold a public
Published 16 Dec, 2011 12:00am
LHC refuses stay against three-day gas loadshedding

LHC refuses stay against three-day gas loadshedding

The Lahore High Court (LHC) on Thursday denied stay against three-day weekly loadshedding after Sui Northern Gas Pipeline Limited (SNGPL) told the court that gas was already being supplied maximum than all other sectors. The counsel of All Pakistan CNG As
Published 16 Dec, 2011 12:00am
State organs: BHC verdict on separation of powers lauded

State organs: BHC verdict on separation of powers lauded

Chairman of Jeevay Pakistan Jeevay Muqami Hakoomat (JPJM), Daniyal Aziz has said that Balochistan High Court gave a landmark judgement on separation of powers among the state organs. He said this verdict would be of great significant to bring democracy to
Published 16 Dec, 2011 12:00am
PML-N concerned over investment halt

PML-N concerned over investment halt

PML-N Secretary Information, Senator Mushahidullah Thursday said investment in the country has halted mainly due to rampant corruption and flawed policies of the government. "Now local investors are making investment in economically stable countries like
Published 16 Dec, 2011 12:00am
Philanthropy has become new source for socio-economic uplift: Lakha

Philanthropy has become new source for socio-economic uplift: Lakha

Philanthropy has become a new resource in a meaningful manner for the socio-economic development of Pakistan and the State Bank and the Pakistan Centre for Philanthropy (PCP) can cooperate on conceptualising the role of philanthropy as an alternate source
Published 16 Dec, 2011 12:00am
'Rice's comments out of context'

'Rice's comments out of context'

A spokesman of the Prime Minister's House on Thursday described as out of context the news story published in a section of the press, based on former US Secretary of State Condoleeza Rice's memoir. He said the writer conceded herself that the State of Pak
Published 16 Dec, 2011 12:00am
No compromise on country's sovereignty: Prime Minister

No compromise on country's sovereignty: Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Thursday emphatically said that there will be no compromise on Pakistan's sovereignty and legitimate interests and its territorial frontiers will be defended at all costs. Giving a policy statement in the National
Published 16 Dec, 2011 12:00am
Malik calls on Zardari

Malik calls on Zardari

Interior Minister Rahman Malik on Thursday called on President Zardari who is resting at his residence in Dubai. The president also had a telephonic conversation with Prime Minister Yousuf Raza Gilani.
Published 16 Dec, 2011 12:00am
Base deal must be shared with Parliament, says Nisar

Base deal must be shared with Parliament, says Nisar

Leader of the opposition in the National Assembly, Nisar Ali Khan on Thursday demanded of the government to place before the Parliament the agreement on handing over Shamsi Airbase to a foreign country. He also sought clarification on the comments of Cond
Published 16 Dec, 2011 12:00am
Munter calls on Imran

Munter calls on Imran

Chairman Pakistan Tehreek-e-Insaaf (PTI) Imran Khan Thursday made it clear to US ambassador Cameron Munter that menace of terrorism Pakistan faces today is just because of being frontline ally of US which is fighting terrorists in Afghanistan. He stated t
Published 16 Dec, 2011 12:00am
Rulers' biggest threat to country's survival: Jamaat-e-Islami

Rulers' biggest threat to country's survival: Jamaat-e-Islami

The Jamaat-e-Islami chief, Syed Munawar Hasan said that the present government was the biggest threat to the survival and the solidarity of the country. While addressing the JI central workshop at Mansoora on Thursday, he said that President Zardari and P
Published 16 Dec, 2011 12:00am
PFTI school demolished despite restraining orders, LHC told

PFTI school demolished despite restraining orders, LHC told

A local commission constituted by the Lahore High Court (LHC) on Thursday informed the court that despite restraining orders of the court revenue department officials had demolished a huge portion of a charitable school of Pakistan Foundation Technical In
Published 16 Dec, 2011 12:00am
Askari Bank shareholding: AWT receives acquisition offer

Askari Bank shareholding: AWT receives acquisition offer

Army Welfare Trust has announced on Thursday that it has received an offer from the Fauji Foundation Group for the acquisition of the whole or part of AWT's shareholding in Askari Bank Limited. AWT holds 50.57 percent shares of Askari Bank.
Published 16 Dec, 2011 12:00am
ANP, PML-N demand Pasha's resignation

ANP, PML-N demand Pasha's resignation

Awami National Party (ANP) on Thursday demanded the resignation of Director General Inter Services Intelligence (ISI) Ahmed Shuja Pasha. Pakistan Muslim League (PML-N) has endorsed and supported the ANP demand. Speaking on the role of main character of th
Published 16 Dec, 2011 12:00am
The Weather

The Weather

The weather report on Thursday (December 15, 2011) and the forecast for Friday (December 16, 2011).

Published 16 Dec, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (December 15, 2011).

Published 16 Dec, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 16 Dec, 2011 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 16 Dec, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (December 15, 2011).

Published 16 Dec, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (December 15, 2011) and for Friday (December 16, 2011).
Published 16 Dec, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (December 15, 2011).

Published 16 Dec, 2011 12:00am
24-hour CNG shutdown announced in Sindh

24-hour CNG shutdown announced in Sindh

In the wake of an extraordinarily low pressure situation that has badly affected overall gas supply, Sui Southern Gas Company (SSGC) will shut down gas to the CNG stations in Karachi and interior Sindh for 24 hours from 9 am on Friday, December 16 till 9
Published 16 Dec, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (December 15, 2011).

Published 16 Dec, 2011 12:00am
24-hour CNG shutdown announced in Sindh

24-hour CNG shutdown announced in Sindh

In the wake of an extraordinarily low pressure situation that has badly affected overall gas supply, Sui Southern Gas Company (SSGC) will shut down gas to the CNG stations in Karachi and interior Sindh for 24 hours from 9 am on Friday, December 16 till 9
Published 16 Dec, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (December 15, 2011).

Published 16 Dec, 2011 12:00am
24-hour CNG shutdown announced in Sindh

24-hour CNG shutdown announced in Sindh

In the wake of an extraordinarily low pressure situation that has badly affected overall gas supply, Sui Southern Gas Company (SSGC) will shut down gas to the CNG stations in Karachi and interior Sindh for 24 hours from 9 am on Friday, December 16 till 9
Published 16 Dec, 2011 12:00am
Pakistan''s foreign exchange reserves rise to $16.69 billion

Pakistan''s foreign exchange reserves rise to $16.69 billion

Pakistan''s foreign exchange reserves inched up to $16.69 billion in the week ending December 9 compared with $16.68 billion in the previous week because of an increase in the reserves of commercial banks, the central bank said on Thursday. Reserves held
Published 16 Dec, 2011 12:00am
Pakistan's foreign exchange reserves rise to $16.69 billion

Pakistan's foreign exchange reserves rise to $16.69 billion

Pakistan's foreign exchange reserves inched up to $16.69 billion in the week ending December 9 compared with $16.68 billion in the previous week because of an increase in the reserves of commercial banks, the central bank said on Thursday. Reserves held b
Published 16 Dec, 2011 12:00am
THE RUPEE: all-round fall

THE RUPEE: all-round fall

All-round decline was seen on the currency market on Thursday as the clients were busy in forward dollar buying, dealers said. The rupee slipped by one paisa against dollar for buying at 89.60 and dropped by 2 paisa for selling at 89.65, they said. The ru
Published 16 Dec, 2011 12:00am
Pakistan's foreign exchange reserves rise to $16.69 billion

Pakistan's foreign exchange reserves rise to $16.69 billion

Pakistan's foreign exchange reserves inched up to $16.69 billion in the week ending December 9 compared with $16.68 billion in the previous week because of an increase in the reserves of commercial banks, the central bank said on Thursday. Reserves held b
Published 16 Dec, 2011 12:00am
THE RUPEE: all-round fall

THE RUPEE: all-round fall

All-round decline was seen on the currency market on Thursday as the clients were busy in forward dollar buying, dealers said. The rupee slipped by one paisa against dollar for buying at 89.60 and dropped by 2 paisa for selling at 89.65, they said. The ru
Published 16 Dec, 2011 12:00am
US military formally ends war in Iraq

US military formally ends war in Iraq

US forces formally ended their nine-year war in Iraq on Thursday with a low key flag ceremony in Baghdad, while to the north flickering violence highlighted ethnic and sectarian strains threatening the country in years ahead. "After a lot of blood spilled
Published 16 Dec, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (December 15, 2011).

Published 16 Dec, 2011 12:00am
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