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Print - 2012-01-17
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (January 16, 2012).

Published 17 Jan, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (January 16, 2012).
Published 17 Jan, 2012 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Monday (January 16, 2012).

Published 17 Jan, 2012 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (January 16, 2012).

Published 17 Jan, 2012 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (January 16, 2012).

Published 17 Jan, 2012 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (January 16, 2012).

Published 17 Jan, 2012 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 17 Jan, 2012 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 17 Jan, 2012 12:00am
China imported iron ore stocks inch up

China imported iron ore stocks inch up

Stockpiles of imported iron ore at major Chinese ports inched up 0.8 percent this week to end at 97.38 million tonnes, according to data issued on Friday by industry consultancy Mysteel. The increase was driven by a 4.7 percent increase in shipments origi
Published 17 Jan, 2012 12:00am
Oil cake market rates

Oil cake market rates

The vaida rates were mixed on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The January contract that had ended at Rs 1157.80 commenced with a loss of 20 paisa at Rs 1157.60. The new March vaida which closed at 773.0
Published 17 Jan, 2012 12:00am
Guwar sharply up in thin trade on grain market

Guwar sharply up in thin trade on grain market

Low business was seen on the wholesale grain and seed market on Monday in process of trading, they said. On the grams side guwar Sindh and Punjab were sharply higher by Rs 900 to Rs 9600-9700, other items remained unchanged in slow trading, they said.
Published 17 Jan, 2012 12:00am
EU wheat prices higher on weak euro

EU wheat prices higher on weak euro

Wheat prices in major western European markets edged higher on Monday as export-boosting weakness in the euro offset pressure from pre-weekend losses in Chicago, but a holiday closure in US markets kept activity light. The euro stayed under pressure near
Published 17 Jan, 2012 12:00am
Russia's 2011 potash output up six percent

Russia's 2011 potash output up six percent

Uralkali's 2011 output rose 6 percent to 10.83 million tonnes, the world's second-largest potash producer by capacity said on Monday. Uralkali merged with domestic rival Silvinit in 2011 to form Russia's largest potash producer. The Russian miner plans to
Published 17 Jan, 2012 12:00am
Indian gold jewellery demand seen up in 2012

Indian gold jewellery demand seen up in 2012

Gold jewellery demand in India, a major global market, is estimated to have risen 5 to 7 percent in 2011 and is set to grow a further 10 to 15 percent this year with bullion prices falling back after recent gains, the head of India's biggest jewellery ret
Published 17 Jan, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 282,974 tonnes of cargo comprising 191,378 tonnes of import cargo and 91,596 tonnes of export cargo including 4,383 loaded & empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 191,378 to
Published 17 Jan, 2012 12:00am
India, EU discuss agenda for summit

India, EU discuss agenda for summit

India and the European Union Monday held talks on trade and security issues Monday ahead of their summit next month, officials said. EU chief diplomat Catherine Ashton and India's Foreign Minister SM Krishna chaired talks in the southern city of Bangalore
Published 17 Jan, 2012 12:00am
India's inflation cools to 7.5 percent

India's inflation cools to 7.5 percent

India's chronically high inflation cooled to 7.5 percent in December thanks to lower food costs, but economists warn that India is still plagued by supply bottlenecks that are likely to keep prices rising. India's headline inflation has been above 9 perce
Published 17 Jan, 2012 12:00am
Egypt asks IMF for $3.2 billion in support

Egypt asks IMF for $3.2 billion in support

Egypt has asked the International Monetary Fund for $3.2 billion in support, a government minister said on Monday, as the country's interim cabinet seeks to fill a budget gap pushed wider by almost a year of political and economic turmoil. The previous ar
Published 17 Jan, 2012 12:00am
Greek creditors bridle at demands, default fears grow

Greek creditors bridle at demands, default fears grow

Greece must urgently break a deadlock in debt swap talks triggered by "unreasonable" demands from its partners, the head of a group of representing its private sector warned on Monday, as Athens raced against the clock to prevent an unruly default.
Published 17 Jan, 2012 12:00am
European hedge funds line up bets on China downturn

European hedge funds line up bets on China downturn

European hedge fund managers are betting that China's once red hot economic growth will cool dramatically in 2012, hitting companies, economies and commodity prices that have been fuelled by the world's second largest economy in recent years. Managers are
Published 17 Jan, 2012 12:00am
European hedge funds line up bets on China downturn

European hedge funds line up bets on China downturn

European hedge fund managers are betting that China's once red hot economic growth will cool dramatically in 2012, hitting companies, economies and commodity prices that have been fuelled by the world's second largest economy in recent years. Managers are
Published 17 Jan, 2012 12:00am
Iran bans foreign currency trading

Iran bans foreign currency trading

Iran's central bank deputy governor said Monday that trading foreign currency outside of banks and licensed currency exchange operations was now banned, marking the government's latest attempt to stem an outflow of foreign currency amid worries over the s
Published 17 Jan, 2012 12:00am
German industry adds 180,400 jobs

German industry adds 180,400 jobs

German manufacturers added 180,400 jobs over the year to the end of November, a rise of 3.6 percent, as job market growth in Europe's largest economy continued unabated despite signs of slowing elsewhere, the Federal Statistics Office said on Monday. The
Published 17 Jan, 2012 12:00am
Commission to probe structure of banks

Commission to probe structure of banks

The European Commission launched a review of its policy on bank structure on Monday, a move that follows hard on the heels of Britain's radical plan to ring-fence the assets of savers against losses from risky investment banking. The review will be headed
Published 17 Jan, 2012 12:00am
Downside risk to oil demand from euro crisis: Opec

Downside risk to oil demand from euro crisis: Opec

A worsening of the euro zone debt crisis would reduce Europe's already slowing oil demand and could impact consumption in emerging economies, which are driving the increase in global fuel use, Opec said on Monday. In a monthly report, the Organisation of
Published 17 Jan, 2012 12:00am
Kyrgyz GDP reverses decline to grow 5.7 percent

Kyrgyz GDP reverses decline to grow 5.7 percent

Kyrgyzstan's economy grew by 5.7 percent last year, the national statistics committee said on Monday, reversing a 0.5 percent decline recorded during the upheaval of 2010, when a revolution was followed by bloody ethnic clashes. Annual inflation slowed, a
Published 17 Jan, 2012 12:00am
Tajikistan GDP expands 7.4 percent

Tajikistan GDP expands 7.4 percent

Economic growth in Tajikistan, the poorest of 15 former Soviet republics, accelerated to 7.4 percent last year from 6.5 percent in 2010, the state statistics agency said on Monday. Annual inflation slowed to 9.3 percent in 2011 from 9.8 percent in the pre
Published 17 Jan, 2012 12:00am
Eurozone deals double blow to UK property

Eurozone deals double blow to UK property

The eurozone sovereign debt crisis and weak UK economy dealt a double blow to the country's commercial property market on Monday, derailing a major London scheme and curbing growth prospects. The first setback came when developer Hammerson said a major sc
Published 17 Jan, 2012 12:00am
South East Asian stocks lower

South East Asian stocks lower

Southeast Asian stock markets fell on Monday, led by commodities-related and banking shares, after eurozone sovereign rating cuts by Standard & Poor's rekindled concerns about the euro zone's debt crisis. S&P downgraded nine of the eurozone's 17 countries
Published 17 Jan, 2012 12:00am
Indian shares end higher

Indian shares end higher

Indian shares ended higher on Monday, recovering from early losses, after data showed headline inflation in December slowed to a two-year low, even as a slew of sovereign rating downgrades in Europe dampened risk appetite globally. The main 30-share BSE i
Published 17 Jan, 2012 12:00am
Nikkei hits four-week low on Europe worries

Nikkei hits four-week low on Europe worries

Japan's Nikkei average fell to a one-month closing low on Monday after downgrades of nine European countries, including a cut in France's triple-A rating, escalated fears over the region's ability to end its debt crisis. Adding to market unease was an imp
Published 17 Jan, 2012 12:00am
US markets closed

US markets closed

US stocks, financial and commodity markets were remain closed on Monday for the Martin Luther King holiday. The markets will resume trading on Tuesday.
Published 17 Jan, 2012 12:00am
Carmakers drive up European shares

Carmakers drive up European shares

European shares rose on Monday in thin trade, led by carmakers, after bullish broker comments buoyed the sector as investors shrugged aside Standard & Poor's (S&P) downgrade of nine euro countries and fresh worries about an unruly default in Greece.
Published 17 Jan, 2012 12:00am
Seoul shares fall

Seoul shares fall

Seoul shares fell on Monday after Standard & Poor's mass ratings downgrade on euro zone countries over the weekend, but losses were capped as foreign and institutional investors just managed to maintain their lengthy buying streaks.
Published 17 Jan, 2012 12:00am
Hong Kong, China shares weak

Hong Kong, China shares weak

Shares in Hong Kong and China fell on Monday, with the Shanghai index posting its fourth-straight losing session, as investors took profits on recent outperformers and awaited economic data from China that could give clues on further policy easing. The br
Published 17 Jan, 2012 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks ended down 1.09 percent on Monday with investors focusing on eurozone woes after Standard & Poor's sovereign debt rating cuts and looking past President Ma Ying-jeou's re-election that could speed up ties trade with China.
Published 17 Jan, 2012 12:00am
Australian shares dip

Australian shares dip

Australian stocks fell 1.2 percent on Monday, led lower by banks and miners after Standard & Poor's cut the debt ratings of nine of the eurozone's 17 countries including France, aggravating debt funding problems in the eurozone. "Investors seem to be exer
Published 17 Jan, 2012 12:00am
Miners support FTSE as investors eye China data

Miners support FTSE as investors eye China data

Britain's top shares rose on Monday, led by miners, as investors' attention shifted from the euro zone debt crisis towards economic data from China. Mining stocks tracked metals prices higher as markets eyed a batch of Chinese data on Tuesday, including G
Published 17 Jan, 2012 12:00am
Money markets: Italian downgrade compounds bank funding problems

Money markets: Italian downgrade compounds bank funding problems

Standard & Poor's decision to strip Italy of its single-A rating means many of the country's banks are likely to see their debt move closer to non-investment grade, compounding their funding problems. Italian banks, shut out of funding markets, are alread
Published 17 Jan, 2012 12:00am
Euro hits 11-year low versus yen

Euro hits 11-year low versus yen

The euro hit a fresh 11-year low versus the yen on Monday and was stuck near a 17-month low against the dollar after Standard & Poor's mass downgrade of eurozone countries late last week. News of the downgrade came as negotiations between Greece and priva
Published 17 Jan, 2012 12:00am
Euro struggles versus dollar, yen in London

Euro struggles versus dollar, yen in London

The euro struggled near a 17-month low versus the dollar and an 11-year low against the yen on Monday as mass downgrades of euro zone states threatened the lending capacity of the eurozone's bailout fund and with Greece's future in the bloc unclear.
Published 17 Jan, 2012 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 83.75-84.00 (previous 83.60-83.75. Call Money Rates: 12.75-20.00 percent (previous 12.75-20.00 percent.
Published 17 Jan, 2012 12:00am
Indian rupee rebounds

Indian rupee rebounds

The Indian rupee reversed all early losses on Monday to end higher stoked by dollar inflows and boosted by a rebound in the local share market. The rupee settled at 51.36/37 to the dollar, 0.3 percent up from Friday's close of 51.5350/5450, after dipping
Published 17 Jan, 2012 12:00am
Most Asian currencies fall

Most Asian currencies fall

Most emerging Asian currencies fell on Monday, with the Thai baht hitting a five-month low, as hedge funds reduced their exposure to riskier asskets after mass euro zone sovereign rating cuts by Standard & Poor's. Still, traders reported some investors co
Published 17 Jan, 2012 12:00am
Australian and New Zealand dollars ease modestly

Australian and New Zealand dollars ease modestly

The Australian and New Zealand dollars gave ground to a broadly firmer US dollar on Monday, but losses were limited as last week's raft of euro zone downgrades fed a bid for safe-haven government debt. Demand for Australia's triple-A rated bonds was so st
Published 17 Jan, 2012 12:00am
Yuan ends lower

Yuan ends lower

China's yuan closed slightly lower against the dollar on Monday in line with the central bank's weaker mid-point fixing, and the currency is expected to move mainly in a virtual peg of 6.30 to 6.40 to the dollar in coming weeks. The government is forecast
Published 17 Jan, 2012 12:00am
Sterling lags versus dollar

Sterling lags versus dollar

Sterling traded within sight of a near 18-month low against the dollar on Monday and looked likely to stay on the back foot as investors concerned about the implications of euro zone ratings downgrades favoured the safe-haven US currency. The pound was fi
Published 17 Jan, 2012 12:00am
End looms for Laxman

End looms for Laxman

Speculation is mounting over the future of Indian batsman V.V.S. Laxman after another unimpressive showing at the crease in India's innings defeat to Australia at the WACA Ground. Indian newspapers reported he would retire at the end of the four-Test seri
Published 17 Jan, 2012 12:00am
PCB finalises matters with Dav Whatmore

PCB finalises matters with Dav Whatmore

Pakistan cricket board (PCB) has finalised matters with former Sri Lankan and Bangladesh coach Dav Whatmore pertaining to his appointment as new head coach of Pakistan cricket team. Sources told Business Recorder here on Monday that formal announce
Published 17 Jan, 2012 12:00am
England eye to win $175,000

England eye to win $175,000

The first Test between Pakistan and England will get underway at Dubai Sports City International Cricket Stadium from Tuesday (today). England is eying to win US $175,000 for topping the International Cricket Council (ICC) Test Championship table in the t
Published 17 Jan, 2012 12:00am
First Test begins: Pakistan, England aim to bury spot-fix bitterness

First Test begins: Pakistan, England aim to bury spot-fix bitterness

Pakistan and England hope to move on from the infamous 2010 spot-fixing case when they go into the first of three Tests from Tuesday in their first encounter since the scandal that rocked the game. Salman Butt, then Pakistan's Test captain, and pacemen Mo
Published 17 Jan, 2012 12:00am
Nadal, Federer play down Open feud

Nadal, Federer play down Open feud

Long-time rivals Roger Federer and Rafael Nadal sought to play down a rare public spat between them as both enjoyed crushing round-one wins at the Australian Open on Monday. Federer said he was "completely cool" despite Nadal accusing him of not pushing h
Published 17 Jan, 2012 12:00am
Stricken Italian liner shifts, rescuers despair

Stricken Italian liner shifts, rescuers despair

A stricken Italian cruise liner shifted on its rocky resting place on Monday as worsening weather disrupted an increasingly despairing hunt for any survivors among some 16 people still missing. As the Costa Concordia's owners blamed their captain for veer
Published 17 Jan, 2012 12:00am
Study faults research linking hormone therapy to cancer

Study faults research linking hormone therapy to cancer

A landmark investigation which found that hormone treatment for the menopause boosts the risk of breast cancer is riddled with flaws, a new study published on Monday alleges. The so-called Million Women Study (MWS) unleashed headlines when it was first pu
Published 17 Jan, 2012 12:00am
Ireland's former richest person declared bankrupt

Ireland's former richest person declared bankrupt

A famed entrepreneur who was once rated Ireland's richest person has been declared bankrupt in a Dublin court as a bank pursues him for debts exceeding $2.7 billion. Quinn had a reported 2007 net worth of pound 4.7 billion but sank much of his fortune int
Published 17 Jan, 2012 12:00am
India and China begin talks on decades-old border dispute

India and China begin talks on decades-old border dispute

The special representatives of India and China began a new round of talks Monday aimed at resolving a decades-old dispute over their Himalayan border. Indian National Security Advisor Shivshankar Menon and Chinese State Councillor Dai Bingguo were leading
Published 17 Jan, 2012 12:00am
UK slams Israeli settlement 'vandalism'

UK slams Israeli settlement 'vandalism'

Britain condemned Israeli settlements on Monday as "deliberate vandalism" of efforts to establish a Palestinian state, and warned that time was running out for the peace process in the Middle East. The comments on Jewish settlements by Deputy Prime Minist
Published 17 Jan, 2012 12:00am
Car bomb attacks kill 11 in Iraq

Car bomb attacks kill 11 in Iraq

Car bombs ripped through two Iraqi cities on Monday, killing at least 11 people, Iraq officials said, in the latest attacks targeting the country's Shias a month after the US military withdrawal. Violence has surged across Iraq since the last American tro
Published 17 Jan, 2012 12:00am
Hackers disrupt Israel's airline, stock market sites

Hackers disrupt Israel's airline, stock market sites

A hacker network that claims to be based in Saudi Arabia paralysed the websites of Israel's stock exchange and national airline on Monday, escalating an international cyber war that has jolted this security-obsessed country.
Published 17 Jan, 2012 12:00am
Putin promises change, warns of new crisis

Putin promises change, warns of new crisis

Vladimir Putin said he would not plunge Russia into stagnation in a third presidential term but offered stability for what he warned would be a long and painful period of global turbulence. Putin, who ruled Russia since 2000 as both president and prime mi
Published 17 Jan, 2012 12:00am
Huntsman ends campaign, endorses Romney

Huntsman ends campaign, endorses Romney

Jon Huntsman suspended his bid for the Republican presidential nomination on Monday, calling on his party to end "an onslaught of negative and personal attacks" in the campaign and then endorsing rival Mitt Romney. The former Utah governor, who also serve
Published 17 Jan, 2012 12:00am
Sri Lanka's ethnic Tamil party rejects war report

Sri Lanka's ethnic Tamil party rejects war report

Sri Lanka's ethnic minority Tamil party rejected a government-appointed commission's report on the country's civil war because it lacked witness protections and failed to meet international investigative standards. The Lessons Learnt and Reconciliation Co
Published 17 Jan, 2012 12:00am
12 killed in Syria

12 killed in Syria

Twelve people were killed on Monday in Syria where a peace plan monitored by Arab observers has failed to douse a 10-month-old struggle between President Bashar al-Assad and his foes. Arab foreign ministers will meet on Sunday to discuss the future of the
Published 17 Jan, 2012 12:00am
UK government sinks royal yacht idea for queen

UK government sinks royal yacht idea for queen

Britain's coalition government poured cold water on suggestions from a minister that taxpayers should fund a new royal yacht for Queen Elizabeth to mark her 60th year on the throne despite Britons dealing with severe austerity measures themselves. The que
Published 17 Jan, 2012 12:00am
Coalition says Gilani will appear before Supreme Court

Coalition says Gilani will appear before Supreme Court

Reposing their full confidence in Prime Minister Syed Yusuf Raza Gilani, leaders of coalition partners of the PPP on Monday decided that the Prime Minister will appear before the Supreme Court on January 19 in contempt of court notice. A meeting of the Pa
Published 17 Jan, 2012 12:00am
PCNS asks Ijaz to appear in person

PCNS asks Ijaz to appear in person

The Parliamentary Committee on National Security (PCNS) directed US businessman Mansoor Ijaz, former US Ambassador Husain Haqqani and Director General ISI Lieutenant General Ahmad Shuja Pasha to submit their dispositions before the committee till January
Published 17 Jan, 2012 12:00am
Jamaat-e-Islami condemns Khanpur blast

Jamaat-e-Islami condemns Khanpur blast

Describing the Khanpur bomb blast as a national tragedy, Jamaat-e-Islami Secretary General, Liaqat Baloch said on Monday that those who had failed to protect the lives and properties of the people, have no right to remain in power.
Published 17 Jan, 2012 12:00am
PPP behind Gilani on any fair stance on NRO: Senior leaders say...

PPP behind Gilani on any fair stance on NRO: Senior leaders say...

Pakistan People's Party (PPP) senior leadership said on Monday that the party will stand behind the Prime Minister in adopting any stance about NRO case that is correct, respectful and constitutional. Senior PPP leaders vowed this in a meeting of some fed
Published 17 Jan, 2012 12:00am
Sakrand Sugar Mills Limited

Sakrand Sugar Mills Limited

Incorporated in 1989, Sakrand Sugar Mills Limited is a Public Limited Company and is listed on the Karachi and Lahore Stock Exchanges. The Company is primarily involved in the manufacture and sale of sugar. Its mill is situated at Deh Tharo Unar, Sindh, P
Published 17 Jan, 2012 12:00am
Sakrand Sugar Mills Limited

Sakrand Sugar Mills Limited

Incorporated in 1989, Sakrand Sugar Mills Limited is a Public Limited Company and is listed on the Karachi and Lahore Stock Exchanges. The Company is primarily involved in the manufacture and sale of sugar. Its mill is situated at Deh Tharo Unar, Sindh, P
Published 17 Jan, 2012 12:00am
Palm oil slips to three-week low

Palm oil slips to three-week low

Malaysian crude palm oil futures fell to more than a three-week low on Monday as investor concerns over the euro zone debt crisis and higher-than-expected edible oil supplies weighed on the market. Rating agency S&P on Friday cut nine of the euro zone's 1
Published 17 Jan, 2012 12:00am
Liffe cocoa ends lower as demand outlook dims

Liffe cocoa ends lower as demand outlook dims

Liffe cocoa futures eased on Monday as a gloomy economic outlook, notably in the euro zone, reinforced concerns about demand prospects, while white sugar and robusta coffee futures nudged higher. ICE futures markets were closed for a US public holiday.
Published 17 Jan, 2012 12:00am
Oil prices gain after Iran warning

Oil prices gain after Iran warning

Oil futures rose on Monday on growing tension between Saudi Arabia and Iran, after the Islamic state told its Gulf Arab neighbours not to make up any shortfall caused by an embargo on its crude oil exports. Saudi Arabia, the world's top exporter, said on
Published 17 Jan, 2012 12:00am
Chinese metal merchant sees profit in supply chain

Chinese metal merchant sees profit in supply chain

Metals traders in China had a tough time last year as shrinking bank credit choked up their cash flow, but one successful merchant trader managed to circumvent the restrictions through a paper trade it now wants to expand into copper imports. Ocean Resour
Published 17 Jan, 2012 12:00am
Shanghai copper steadies

Shanghai copper steadies

Copper steadied on Monday, following small losses in Asia, as European markets found firmer footing on the basis that the credit rating cut for nine eurozone nations by agency Standard & Poor's was already priced in. The most-traded April copper contract
Published 17 Jan, 2012 12:00am
Copper up on robust fundamentals, downgrades priced in

Copper up on robust fundamentals, downgrades priced in

Copper rose on Monday as investors decided that S&P's downgrades of nine euro zone credit ratings late last week were largely priced in and focused instead on positive fundamentals while awaiting key growth data from China, due the following day. Benchmar
Published 17 Jan, 2012 12:00am
Tokyo and Shanghai rubber higher

Tokyo and Shanghai rubber higher

Key Tokyo rubber futures erased earlier losses and ended up 1 percent on Monday, lifted by rises in the Shanghai market, but market activity is seen slowing this week ahead of the Lunar New Year holiday in China. The key Tokyo Commodity Exchange rubber co
Published 17 Jan, 2012 12:00am
Brazil to approve new oil auctions

Brazil to approve new oil auctions

Brazil's President Dilma Rousseff will approve the country's 11th oil rights concession auction "within weeks," Energy Minister Edison Lobao told Reuters on Sunday, opening the door to the first major offer of Brazilian petroleum exploration rights in mor
Published 17 Jan, 2012 12:00am
Gold steadies in Asia

Gold steadies in Asia

Spot gold traded steady on Monday, weighed down by a strong dollar after mass downgrades of eurozone nations by Standard & Poor's on Friday, while its safe haven appeal could benefit from renewed fears about the euro zone debt crisis. Gold posted its bigg
Published 17 Jan, 2012 12:00am
Gold rises in London

Gold rises in London

Gold firmed a touch on Monday in US holiday-thinned trade, with firmer stock markets and a recovery in the euro from early lows taking some pressure off the metal, while traders digested last week's eurozone downgrades from Standard & Poor's. The single c
Published 17 Jan, 2012 12:00am
PIA contemplating purchase of new aircraft

PIA contemplating purchase of new aircraft

The Pakistan International Airlines is contemplating replacement of 13 old, but workable, aircraft with the same number of new aircraft to be purchased to enable the management add new routes and destinations. Reliable sources said that at a time when the
Published 17 Jan, 2012 12:00am
Dry weather predicted

Dry weather predicted

The met office on Monday forecast dry weather in the country with foggy and misty conditions in plains of Punjab and Khyber-Pakhtunkhwa in the next three days. "Western disturbance lying over northern parts of the country is likely to move away in the nor
Published 17 Jan, 2012 12:00am
Sindh Assembly offers Fateha for late Bukhari

Sindh Assembly offers Fateha for late Bukhari

In a brief sitting, the Sindh Assembly on Monday could only offer fateha for the deceased provincial lawmaker of the ruling PPP, Syed Mohsin Shah Bukhari who died on Monday, January 13, and left the daily business undone. The Sindh Assembly, with Nisar Kh
Published 17 Jan, 2012 12:00am