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Print - 2012-01-16
Swann pitches two spinners' case against Pakistan

Swann pitches two spinners' case against Pakistan

Off-spinner Graeme Swann has advocated the idea of playing two slow bowlers in the England XI for the first Test against Pakistan starting here from Tuesday. England warmed up for the opening match of the three-Test series with a 100-run win against a Pak
Published 16 Jan, 2012 12:00am
England's Anderson ready to challenge Pakistan

England's Anderson ready to challenge Pakistan

Lancashire fast bowler James Anderson said Sunday England had forgotten its controversial 2010 series against Pakistan, but promised to be aggressive against opposition batsmen when the sides kick off a three-test series on Tuesday.
Published 16 Jan, 2012 12:00am
Passion returns for healthy Nadal at Open

Passion returns for healthy Nadal at Open

Rafael Nadal insisted Sunday he was healthy, motivated and ready to roll up his sleeves for this week's Australian Open as he sets about challenging Novak Djokovic as the top player in men's tennis. The Spanish world number two lost to Djokovic six times
Published 16 Jan, 2012 12:00am
Top ranked Wozniacki begins quest to prove doubters wrong

Top ranked Wozniacki begins quest to prove doubters wrong

World number one Caroline Wozniacki will begin her quest to prove the doubters wrong and win a maiden grand slam when she meets Anastasia Rodionova on the first day of the Australian Open on Monday.
Published 16 Jan, 2012 12:00am
Beware Ajmal's mystery delivery: Hafeez

Beware Ajmal's mystery delivery: Hafeez

Pakistan opening batsman Mohammad Hafeez on Sunday issued a warning to England batsmen: beware Saeed Ajmal's new mystery delivery in the upcoming test series. Hafeez is well-placed to offer the advice he has been facing the delivery that Ajmal has dubbed
Published 16 Jan, 2012 12:00am
Italian 2011 jewellery sales down, 2012 view clouded

Italian 2011 jewellery sales down, 2012 view clouded

Jewellery sales in Italy fell sharply in 2011 and are expected to remain depressed in 2012 as the debt crisis and the government's austerity measures hit consumer demand, senior industry officials said on Sunday.
Published 16 Jan, 2012 12:00am
US tax breaks on autopilot with little debate

US tax breaks on autopilot with little debate

UK-based Diageo, the world's biggest liquor company that sells Captain Morgan's rum, is enjoying a $2.7 billion subsidy from the US Virgin Islands, aided in part by a tax break rubber-stamped by Congress annually with little public debate.
Published 16 Jan, 2012 12:00am
German funds plan $2 billion Oman solar project

German funds plan $2 billion Oman solar project

Private investment funds Terra Nex of Switzerland and Germany's Middle East Best Select (MEBS) plan to build 400 megawatts (MW) of solar power generating capacity in Oman, the European investors said on Sunday.
Published 16 Jan, 2012 12:00am
New US sanctions hamper Iran bid to recover $1.75 billion

New US sanctions hamper Iran bid to recover $1.75 billion

Iran's effort to recover some $1.75 billion frozen in a US bank faces a new obstacle due to a law President Barack Obama signed last month, potentially further squeezing Tehran's economy and exacerbating tensions between the two countries.
Published 16 Jan, 2012 12:00am
Europe the biggest economic threat: JP Morgan CEO

Europe the biggest economic threat: JP Morgan CEO

Europe is the biggest threat to the global economy, JP Morgan's chief executive Jamie Dimon told German newspaper Die Welt in its Sunday edition. "I thought Europe would muddle through. I still believe that," Dimon is quoted as telling the paper.
Published 16 Jan, 2012 12:00am
BP eyeing support for European refiner Petroplus

BP eyeing support for European refiner Petroplus

BP is considering possible measures to support cash-strapped European refiner Petroplus, on whom the oil giant relies upon to supply its UK refined products retailing network, industry sources said.
Published 16 Jan, 2012 12:00am
Eurozone ratings cut shows need to spur growth: UK

Eurozone ratings cut shows need to spur growth: UK

Standard & Poor's decision to cut the sovereign credit ratings of nine eurozone countries shows Europe must step up its efforts to kick-start growth, Britain's foreign minister said on Sunday.
Published 16 Jan, 2012 12:00am
China's Wen presses Saudi Arabia for oil access

China's Wen presses Saudi Arabia for oil access

Chinese Premier Wen Jiabao pressed Saudi Arabia to open its huge oil and gas resources to expanded Chinese investment, media reports said on Sunday against a backdrop of growing tension over Iran and worries over its crude exports to the Asian power.
Published 16 Jan, 2012 12:00am
UK's Hague confident new EU Iran sanctions coming

UK's Hague confident new EU Iran sanctions coming

British Foreign Secretary William Hague said on Sunday he was confident the European Union would impose far-reaching sanctions on Iran's oil industry and possibly other sectors at an EU meeting next week.
Published 16 Jan, 2012 12:00am
Bank of Greece to decide on banks' capital end of February

Bank of Greece to decide on banks' capital end of February

Greece's central bank will review a study by BlackRock Solutions on the loan books of Greek lenders and determine what additional capital they will need by the end of next month, a Bank of Greece official said on Sunday.
Published 16 Jan, 2012 12:00am
Italy cruise disaster could hit industry

Italy cruise disaster could hit industry

The spectacular cruise liner accident off the coast of Italy is not just a disaster for the ship's owners, but could inflict wider damage on an industry already facing stiff headwinds. The Costa Concordia, with more than 4,000 people on board, flipped on
Published 16 Jan, 2012 12:00am
Dubai World unit eyes sale of UK asset to meet debt

Dubai World unit eyes sale of UK asset to meet debt

Economic Zones World (EZW), a unit of Dubai World, is considering the sale of its UK-based warehouse property developer Gazeley, as it looks to repay some of its debt of over $2 billion this year, three banking sources said. Gazeley is one of the four bus
Published 16 Jan, 2012 12:00am
Japan worried about Volcker rule impact on JGBs

Japan worried about Volcker rule impact on JGBs

The Bank of Japan and the nation's banking regulator have told the U.S government they are worried that the controversial Volcker rule could hurt trading in Japanese government bonds.
Published 16 Jan, 2012 12:00am
Japan worried about Volcker rule impact on JGBs

Japan worried about Volcker rule impact on JGBs

The Bank of Japan and the nation's banking regulator have told the U.S government they are worried that the controversial Volcker rule could hurt trading in Japanese government bonds.
Published 16 Jan, 2012 12:00am
Taiwan stocks set for brief post-vote rally, but clouds ahead

Taiwan stocks set for brief post-vote rally, but clouds ahead

Taiwan stocks will likely rise next week after President Ma Ying-jeou won a second term, indicating further good economic ties with China, but gains are unlikely to be sustained as concerns over the global economic situation dominate investor thinking.
Published 16 Jan, 2012 12:00am
Middle East Markets: Gulf down after EU downgrades; Egypt extends rally

Middle East Markets: Gulf down after EU downgrades; Egypt extends rally

Most Gulf markets kicked off their trading week on a dampened mood and recorded losses on Sunday after Standard & Poor's downgraded several euro zone countries, while Egypt extended its rally. S&P downgraded Italy, Spain, Portugal and France, while German
Published 16 Jan, 2012 12:00am
Wall Street weekahead: It's earnings vs Europe for stocks

Wall Street weekahead: It's earnings vs Europe for stocks

US stock investors will return to a tug of war between signs of domestic strength and overseas concerns next week as a batch of critical earnings reports look to add credence to the idea the economy is improving, while credit rating downgrades in Europe w
Published 16 Jan, 2012 12:00am
Sri Lankan shares slip

Sri Lankan shares slip

Sri Lanka's share market fell on Friday as retail investors booked profits in high-volume trade, preparing for a possible rally after the Securities and Exchange Commission (SEC) announces its decision on relaxing credit restrictions.
Published 16 Jan, 2012 12:00am
Japan shares tipped to stay rangebound

Japan shares tipped to stay rangebound

Japanese shares will likely stay in a tight range next week as investors look to US economic data and corporate earnings reports, analysts said Friday. In the week to January 13, the benchmark Nikkei 225 index at the Tokyo Stock Exchange rose 1.31 percent
Published 16 Jan, 2012 12:00am
Egypt regulator readies steps to revive markets

Egypt regulator readies steps to revive markets

Egypt's financial market regulator said he was preparing steps to help companies resume raising money in the country's moribund capital markets, with active issuance of stocks and bonds still likely to be many months away because of political uncertainty.
Published 16 Jan, 2012 12:00am
China's Longmaster forced to suspend IPO on weak demand

China's Longmaster forced to suspend IPO on weak demand

Longmaster Information & Technology Co Ltd, a Chinese developer of online chat and telephony applications, has been forced to halt its planned initial public share offer because it failed to attract enough institutional subscribers, two sources said on We
Published 16 Jan, 2012 12:00am
China's Longmaster forced to suspend IPO on weak demand

China's Longmaster forced to suspend IPO on weak demand

Longmaster Information & Technology Co Ltd, a Chinese developer of online chat and telephony applications, has been forced to halt its planned initial public share offer because it failed to attract enough institutional subscribers, two sources said on We
Published 16 Jan, 2012 12:00am
Global markets weekahead: Recovery or interim respite

Global markets weekahead: Recovery or interim respite

The huge liquidity injection by the European Central Bank into the region's banks looks to be working, but whether it proves to be the turning point in the euro zone debt crisis that has been roiling global markets or a temporary respite is not yet clear.
Published 16 Jan, 2012 12:00am
CEE currencies seen firming after Hungary IMF talks

CEE currencies seen firming after Hungary IMF talks

Hungary's bailout talks with international lenders will keep a lid on Central European currencies in the next few months before a likely rebound later this year, a monthly Reuters poll of analysts showed on Thursday.
Published 16 Jan, 2012 12:00am
Philippines'25-year global bond offer heavily oversubscribed

Philippines'25-year global bond offer heavily oversubscribed

The Philippines' 25-year, dollar-denominated global bond issue has attracted around $10 billion of orders so far, well above the target offer, but Manila is not keen to increase the size of the issue, a source said on Wednesday.
Published 16 Jan, 2012 12:00am
Philippines'25-year global bond offer heavily oversubscribed

Philippines'25-year global bond offer heavily oversubscribed

The Philippines' 25-year, dollar-denominated global bond issue has attracted around $10 billion of orders so far, well above the target offer, but Manila is not keen to increase the size of the issue, a source said on Wednesday.
Published 16 Jan, 2012 12:00am
Kazakh vote tests stability after oil town unrest

Kazakh vote tests stability after oil town unrest

Kazakhstan voted on Sunday in an election designed to put a second party in parliament and ease growing discontent after deadly riots shook the country's image of stability.
Published 16 Jan, 2012 12:00am
Two road accidents in China kill 14 people

Two road accidents in China kill 14 people

Two road accidents in China have killed 14 people in one day. The official Xinhua News Agency says seven people were killed and another five injured when the bus they were traveling in crashed with a trailer in eastern Anhui province. The accident happene
Published 16 Jan, 2012 12:00am
China premier supports 'appeal for change' in Middle East

China premier supports 'appeal for change' in Middle East

China's premier gave his government's most forthright endorsement yet to the changes sweeping the Arab world, in an unusual expression of support during a meeting with the head of an association of Muslim states.
Published 16 Jan, 2012 12:00am
Iran says receives US letter on Strait

Iran says receives US letter on Strait

Iran said on Sunday it had received a letter from the US government about the Strait of Hormuz, the crucial oil shipping lane that Tehran has threatened to close if sanctions prevent it exporting oil.
Published 16 Jan, 2012 12:00am
Greece tension to dominate after S&P European downgrade

Greece tension to dominate after S&P European downgrade

The move by the rating agency to downgrade 9-European countries is a step in the right direction. It should not work according to the people or its leader's wishes or otherwise the credibility of the rating agencies already at stake after the damages caus
Published 16 Jan, 2012 12:00am
10 dead in militant attack in Iraq's Ramadi

10 dead in militant attack in Iraq's Ramadi

Ten people were killed when gunmen wearing explosive belts stormed a police building in the Iraqi city of Ramadi on Sunday, police and provincial officials said.
Published 16 Jan, 2012 12:00am
Somaliland closes TV station, arrests journalists

Somaliland closes TV station, arrests journalists

Somaliland has shut down a private television station it accuses of airing anti-government propaganda, and arrested 13 journalists as they held a protest against the move, a minister said on Sunday. Minister of Interior Mohamed Nour Arrale said that the g
Published 16 Jan, 2012 12:00am
Survivors plucked from Italian shipwreck

Survivors plucked from Italian shipwreck

A South Korean honeymoon couple and an injured crewmember were plucked from a capsized Italian liner on Sunday, more than a day after it was wrecked, as rescue workers struggled to find any others still trapped on board.
Published 16 Jan, 2012 12:00am
Stop the killing, UN chief tells Syria's Assad

Stop the killing, UN chief tells Syria's Assad

The UN chief told Bashar al-Assad on Sunday to "stop killing your people" and the Syrian leader offered an amnesty for "crimes" committed during a 10-month-old revolt against him. Assad's violent response to the uprising has killed more than 5,000 people,
Published 16 Jan, 2012 12:00am
Heater bomb kills two in Afghan family feud

Heater bomb kills two in Afghan family feud

A woman and her 12-year-old daughter were killed by explosives planted in a heater in their home in northern Afghanistan, in what authorities said on Sunday was the work of a rival family. Two teenage daughters and a young son were also wounded in the fam
Published 16 Jan, 2012 12:00am
Iran executes 12, seven on drug charges

Iran executes 12, seven on drug charges

Iran on Sunday executed 12 people convicted of drug trafficking and other charges, the semi-official Mehr news agency reported. Seven people had been charged with drug smuggling and the other five with kidnapping, rape, murder and armed robbery.
Published 16 Jan, 2012 12:00am
Swat valley: ban on education forced Malala to raise voice

Swat valley: ban on education forced Malala to raise voice

Malala Yousafzai, 14, was in a state of shock and terror when militants unleashed brutality and barbarism on Swat dwellers, but ban on female education by terrorists moved the adolescent a lot and her inner determination overcome the fear as she decided t
Published 16 Jan, 2012 12:00am
Iftikhar orders removal of encroachments along roads

Iftikhar orders removal of encroachments along roads

Khyber Pakhtunkhwa Minister for Transport and Information, Mian Iftikhar Hussein has strictly directed the authorities of police and transport departments to remove all such constructions and encroachments which are becoming hurdles in the way of smooth f
Published 16 Jan, 2012 12:00am
Nine senators on technocrat, ulema seats are retiring

Nine senators on technocrat, ulema seats are retiring

Nine Senators on technocrat/ulema seats (two from each province and one from the Federal Capital) are retiring before the forthcoming Senate elections. One out of the nine technocrats namely Senator Muhammad Azam Khan Swati of Jamiat Ulema-e-Islam (JUI-F)
Published 16 Jan, 2012 12:00am
Egg and chicken prices soaring as cold weather continues

Egg and chicken prices soaring as cold weather continues

Prices of chicken and eggs are soaring because of their growing demand, as cold weather continues. At present retail price for one dozen eggs is Rs 109, as compared to Rs 60 to 65 in summer. Likewise, per kilogram price of chicken is Rs 156, while it was
Published 16 Jan, 2012 12:00am
Overcharging, poor hygiene: 22 shopkeepers, four hotels fined

Overcharging, poor hygiene: 22 shopkeepers, four hotels fined

During surprise price checking and inspection of hotels and bakeries, fines were imposed on 22 shopkeepers for not displaying the rate list of fruit and vegetables while four hotels and two bakeries were fined for not observing hygiene and sanitation rule
Published 16 Jan, 2012 12:00am
If government was democratic it would have held elections: Imran

If government was democratic it would have held elections: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Sunday said that if the current government was a true democratic dispensation, it would have held elections by now. Talking in Quetta, Imran Khan said that had the current government came into power th
Published 16 Jan, 2012 12:00am
'2012 is likely to be a challenging year'

'2012 is likely to be a challenging year'

The following are excerpts from the interview of Arif Usmani - CEO Citibank: Business Recorder: What are the key current challenges faced by the financial services industry globally and particularly in Pakistan?
Published 16 Jan, 2012 12:00am
Kashmiris urged to observe January 26 as 'Black Day'

Kashmiris urged to observe January 26 as 'Black Day'

Senior APHC leader and the President of Jammu and Kashmir Democratic Freedom Party, Shabbir Ahmad Shah has appealed Kashmiris to observe January 26, the Republic Day of India, as black day. Shah said that Kashmiris are not against the people of India or t
Published 16 Jan, 2012 12:00am
Shujaat, Elahi meet Zardari

Shujaat, Elahi meet Zardari

President PML-Q Chaudhry Shujaat Hussain called on President Asif Ali Zardari at Aiwan-e-Sadr on Sunday. Chaudhry Pervez Elahi, Senior Minister, was also present during the meeting. Current political situation and coalition matters were discussed during t
Published 16 Jan, 2012 12:00am
Speakers call for joint efforts to cope with sectarianism

Speakers call for joint efforts to cope with sectarianism

Speakers at a seminar have called for joint efforts to promote peace and justice and purge the country of the menace of regionalism and sectarianism. Addressing as chief guest at a seminar Central Chairman of National Peace and Justice Council, Mian Abdul
Published 16 Jan, 2012 12:00am
Musharraf says will stand by Army if it takes over

Musharraf says will stand by Army if it takes over

Former President General Pervez Musharraf has said that he is "reasonably sure" that the military would not resort to a coup in his country but would support the Army if it takes over. He also said he is open for an alliance with Imran Khan, but will not
Published 16 Jan, 2012 12:00am
'Chehlum' observed amid tight security arrangements

'Chehlum' observed amid tight security arrangements

The 'Chehlum' Hazrat Imam Hussain (AS) was observed in the provincial metropolis amid tight security arrangements. Mourner processions took out in different cities, towns, and other areas, including southern districts of the province, which were passing t
Published 16 Jan, 2012 12:00am
Bomb blast in chehlum procession condemned

Bomb blast in chehlum procession condemned

Punjab Chief Minister, Muhammad Shahbaz Sharif here on Sunday strongly condemned bomb blast in chehlum procession of Hazrat Imam Hussain (RA) at Khanpur district Rahim Yar Khan. He expressed his grief and sorrow with the heirs of those who died in bomb bl
Published 16 Jan, 2012 12:00am
11 including woman held in IHK

11 including woman held in IHK

Indian troops and police have arrested 11 Kashmiris including a woman from Bandipore and Poonch districts in occupied Kashmir. The troops arrested three youths, Mohammad Yousaf Dar, Ghulam Mohammad Wani and Ghulam Hassan Wani, from Pushwari and Naidkhai a
Published 16 Jan, 2012 12:00am
Urs of Hazrat Data Ganj Bakhsh concludes

Urs of Hazrat Data Ganj Bakhsh concludes

The celebrations of the 968th Urs of Hazrat Data Ganj Bakhsh concluded here on Sunday at his shrine as thousands of devotees bade the annual gala of spiritual and cultural rituals with traditional zeal farewell.
Published 16 Jan, 2012 12:00am
Gilani should withdraw statement against Army: chief minister Punjab

Gilani should withdraw statement against Army: chief minister Punjab

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that PPP is trying to use parliament for its war against institutions, which they would never allow to succeed. In a statement here on Sunday, the CM said the ruling group is asking for trouble by ad
Published 16 Jan, 2012 12:00am
Government wasting time on TAPI gas pipeline project: PEW

Government wasting time on TAPI gas pipeline project: PEW

The Pakistan Economy Watch (PEW) on Sunday said the government was wasting time on a costly and highly uncertain Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project while ignoring the only viable option of importing gas from Iran.
Published 16 Jan, 2012 12:00am
Illegal adjustments of input tax detected

Illegal adjustments of input tax detected

The Federal Board of Revenue (FBR) has detected that certain registered persons including some big companies falling within the jurisdiction of the Large Taxpayer Units (LTUs) are still claiming input tax adjustment on the basis of invoices not declared b
Published 16 Jan, 2012 12:00am
Iran presidential adviser sentenced

Iran presidential adviser sentenced

An Iranian news website says a court has sentenced President Mahmoud Ahmadinejad's press adviser to one year in prison on the charge of insulting Supreme Leader Ayatollah Ali Khamenei. The Sunday report by Mashreghnews says Ali Akbar Javanfekr was banned
Published 16 Jan, 2012 12:00am
Iran presidential adviser sentenced

Iran presidential adviser sentenced

An Iranian news website says a court has sentenced President Mahmoud Ahmadinejad's press adviser to one year in prison on the charge of insulting Supreme Leader Ayatollah Ali Khamenei. The Sunday report by Mashreghnews says Ali Akbar Javanfekr was banned
Published 16 Jan, 2012 12:00am
18 killed in Chehlum procession blast

18 killed in Chehlum procession blast

An explosion took place during a Chehlum procession in the Khanpur area of Rahim Yar Khan on Sunday. Rescue team said that at least 18 people were killed in the explosion. The injured are around a dozen and have been shifted to local Zayed Bin Sultan hosp
Published 16 Jan, 2012 12:00am
18 killed in Chehlum procession blast

18 killed in Chehlum procession blast

An explosion took place during a Chehlum procession in the Khanpur area of Rahim Yar Khan on Sunday. Rescue team said that at least 18 people were killed in the explosion. The injured are around a dozen and have been shifted to local Zayed Bin Sultan hosp
Published 16 Jan, 2012 12:00am
Pakistan seeks Afghan talks over Taliban

Pakistan seeks Afghan talks over Taliban

Pakistan has made overtures to Afghanistan to resume talks over the Taliban which broke down following the assassination of Kabul's chief peace envoy, an official said Sunday. Pakistan's support is therefore seen as key to forging peace in the country.
Published 16 Jan, 2012 12:00am
Pakistan seeks Afghan talks over Taliban

Pakistan seeks Afghan talks over Taliban

Pakistan has made overtures to Afghanistan to resume talks over the Taliban which broke down following the assassination of Kabul's chief peace envoy, an official said Sunday. Pakistan's support is therefore seen as key to forging peace in the country.
Published 16 Jan, 2012 12:00am
British Prime Minister agrees to meet Scottish leader on referendum

British Prime Minister agrees to meet Scottish leader on referendum

David Cameron has agreed to meet Scotland's First Minister Alex Salmond in a bid to resolve a row over an independence referendum, the British Prime Minister's spokesman said Sunday. The spokesman for Cameron's Downing Street office said: "The PM has made
Published 16 Jan, 2012 12:00am
I am answerable only to Parliament: Prime Minister

I am answerable only to Parliament: Prime Minister

Prime Minister Syed Yusuf Raza Gilani Sunday said, under the Constitution, he was answerable only to the Parliament and not to any individual. He was responding to a question about a news report that claimed that Chief of the Army Staff General Ashfaq Par
Published 16 Jan, 2012 12:00am
I am answerable only to Parliament: Prime Minister

I am answerable only to Parliament: Prime Minister

Prime Minister Syed Yusuf Raza Gilani Sunday said, under the Constitution, he was answerable only to the Parliament and not to any individual. He was responding to a question about a news report that claimed that Chief of the Army Staff General Ashfaq Par
Published 16 Jan, 2012 12:00am
Iran warns Arab oil producers

Iran warns Arab oil producers

Iran's Gulf Arab neighbours should not raise their production to replace Iranian oil if the European Union goes ahead with a ban on Iranian crude imports, Iran's OPEC governor said on Sunday. The EU has agreed in principle to ban imports of Iranian oil, w
Published 16 Jan, 2012 12:00am
Iran warns Arab oil producers

Iran warns Arab oil producers

Iran's Gulf Arab neighbours should not raise their production to replace Iranian oil if the European Union goes ahead with a ban on Iranian crude imports, Iran's OPEC governor said on Sunday. The EU has agreed in principle to ban imports of Iranian oil, w
Published 16 Jan, 2012 12:00am
Hakimullah Mehsud reported dead in US strike?

Hakimullah Mehsud reported dead in US strike?

Intercepted militant radio communications indicate the leader of the Pakistani Taliban may have been killed in a recent US drone strike, intelligence officials said Sunday. A Taliban official denied that. The claim that the Pakistani Taliban chief was kil
Published 16 Jan, 2012 12:00am
Hakimullah Mehsud reported dead in US strike?

Hakimullah Mehsud reported dead in US strike?

Intercepted militant radio communications indicate the leader of the Pakistani Taliban may have been killed in a recent US drone strike, intelligence officials said Sunday. A Taliban official denied that. The claim that the Pakistani Taliban chief was kil
Published 16 Jan, 2012 12:00am
Futures open interest up 3.7 percent

Futures open interest up 3.7 percent

The total open interest position on the futures counter increased by Rs 41 million or 3.7 percent on week-on-week basis to Rs 1.1 billion. The futures spreads, on the other hand, declined by 154bps on week-on-week basis to 7.01 percent.
Published 16 Jan, 2012 12:00am
Futures open interest up 3.7 percent

Futures open interest up 3.7 percent

The total open interest position on the futures counter increased by Rs 41 million or 3.7 percent on week-on-week basis to Rs 1.1 billion. The futures spreads, on the other hand, declined by 154bps on week-on-week basis to 7.01 percent.
Published 16 Jan, 2012 12:00am
Futures open interest up 3.7 percent

Futures open interest up 3.7 percent

The total open interest position on the futures counter increased by Rs 41 million or 3.7 percent on week-on-week basis to Rs 1.1 billion. The futures spreads, on the other hand, declined by 154bps on week-on-week basis to 7.01 percent.
Published 16 Jan, 2012 12:00am
Futures open interest up 3.7 percent

Futures open interest up 3.7 percent

The total open interest position on the futures counter increased by Rs 41 million or 3.7 percent on week-on-week basis to Rs 1.1 billion. The futures spreads, on the other hand, declined by 154bps on week-on-week basis to 7.01 percent.
Published 16 Jan, 2012 12:00am
Bearish trend witnessed

Bearish trend witnessed

The Karachi share market witnessed bearish trend during the outgoing week ended January 13, 2012 due to uncertainty on political front and the KSE-100 index declined by 110.89 points on week-on-week basis to close at the level of 11,014.46 points.
Published 16 Jan, 2012 12:00am
Bearish trend witnessed

Bearish trend witnessed

The Karachi share market witnessed bearish trend during the outgoing week ended January 13, 2012 due to uncertainty on political front and the KSE-100 index declined by 110.89 points on week-on-week basis to close at the level of 11,014.46 points.
Published 16 Jan, 2012 12:00am
Bearish trend witnessed

Bearish trend witnessed

The Karachi share market witnessed bearish trend during the outgoing week ended January 13, 2012 due to uncertainty on political front and the KSE-100 index declined by 110.89 points on week-on-week basis to close at the level of 11,014.46 points.
Published 16 Jan, 2012 12:00am
It''s SBP''s job to defend PKR

It''s SBP''s job to defend PKR

Following a turbulent and nervous start of the week that pushed Rupee to a new all-time low of 91.33 against US Dollar, some stability was witnessed in the interbank market at the end of the week. That stability, albeit weak, nevertheless owed its existen
Published 16 Jan, 2012 12:00am
It's SBP's job to defend PKR

It's SBP's job to defend PKR

Following a turbulent and nervous start of the week that pushed Rupee to a new all-time low of 91.33 against US Dollar, some stability was witnessed in the interbank market at the end of the week. That stability, albeit weak, nevertheless owed its existen
Published 16 Jan, 2012 12:00am
It's SBP's job to defend PKR

It's SBP's job to defend PKR

Following a turbulent and nervous start of the week that pushed Rupee to a new all-time low of 91.33 against US Dollar, some stability was witnessed in the interbank market at the end of the week. That stability, albeit weak, nevertheless owed its existen
Published 16 Jan, 2012 12:00am
Bringing dollar below Rs 85: government, ECAP agree to work together

Bringing dollar below Rs 85: government, ECAP agree to work together

Interior Minister A Rehman Malik on Sunday directed the FIA to start crackdown against foreign exchange dealers violating Foreign Exchange Act. He was chairing a meeting of representatives of Exchange Companies Association of Pakistan (ECAP), Federal Inve
Published 16 Jan, 2012 12:00am
Bringing dollar below Rs 85: government, ECAP agree to work together

Bringing dollar below Rs 85: government, ECAP agree to work together

Interior Minister A Rehman Malik on Sunday directed the FIA to start crackdown against foreign exchange dealers violating Foreign Exchange Act. He was chairing a meeting of representatives of Exchange Companies Association of Pakistan (ECAP), Federal Inve
Published 16 Jan, 2012 12:00am
Bringing dollar below Rs 85: government, ECAP agree to work together

Bringing dollar below Rs 85: government, ECAP agree to work together

Interior Minister A Rehman Malik on Sunday directed the FIA to start crackdown against foreign exchange dealers violating Foreign Exchange Act. He was chairing a meeting of representatives of Exchange Companies Association of Pakistan (ECAP), Federal Inve
Published 16 Jan, 2012 12:00am
THE RUPEE: upward trend

THE RUPEE: upward trend

The rupee, somehow, managed to come out of the bottom, rising versus the dollar on the currency market during the week, ended on January 14, 2012. During the week, in the interbank dealings, the rupee gained 47-paisa in relation to the dollar for buying a
Published 16 Jan, 2012 12:00am
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