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Print - 2012-01-22
AEDB: minister kept in the dark about financial irregularities

AEDB: minister kept in the dark about financial irregularities

Alternative Energy Development (AEDB), has reportedly, kept the Minister for Water and Power, Syed Naveed Qamar, in the dark about alleged financial irregularities of top officials including the former Chief Executive Officer (CEO). ARDB is dealing with b
Published 22 Jan, 2012 12:00am
AEDB: minister kept in the dark about financial irregularities

AEDB: minister kept in the dark about financial irregularities

Alternative Energy Development (AEDB), has reportedly, kept the Minister for Water and Power, Syed Naveed Qamar, in the dark about alleged financial irregularities of top officials including the former Chief Executive Officer (CEO). ARDB is dealing with b
Published 22 Jan, 2012 12:00am
AEDB: minister kept in the dark about financial irregularities

AEDB: minister kept in the dark about financial irregularities

Alternative Energy Development (AEDB), has reportedly, kept the Minister for Water and Power, Syed Naveed Qamar, in the dark about alleged financial irregularities of top officials including the former Chief Executive Officer (CEO). ARDB is dealing with b
Published 22 Jan, 2012 12:00am
Prices of essential kitchen items show mixed trend

Prices of essential kitchen items show mixed trend

The prices of essential kitchen items show a mixed trend as prices of some items registered a nominal decline, while of some others a little increase during the week under review as compared to the previous week, shows a survey carried out by Business
Published 22 Jan, 2012 12:00am
Prices of essential kitchen items show mixed trend

Prices of essential kitchen items show mixed trend

The prices of essential kitchen items show a mixed trend as prices of some items registered a nominal decline, while of some others a little increase during the week under review as compared to the previous week, shows a survey carried out by Business
Published 22 Jan, 2012 12:00am
Prices of essential kitchen items show mixed trend

Prices of essential kitchen items show mixed trend

The prices of essential kitchen items show a mixed trend as prices of some items registered a nominal decline, while of some others a little increase during the week under review as compared to the previous week, shows a survey carried out by Business
Published 22 Jan, 2012 12:00am
PPP finalises names of Aitzaz, Babar for Senate elections

PPP finalises names of Aitzaz, Babar for Senate elections

PPP has finalised names of Aitzaz Ahsan and Babar Awan for upcoming Senate elections on general seats, said party sources. The consultation process to this effect got completed on Saturday participated by Faryal Talpur, Jehangir Badar, Raja Riaz and Imtia
Published 22 Jan, 2012 12:00am
PPP finalises names of Aitzaz, Babar for Senate elections

PPP finalises names of Aitzaz, Babar for Senate elections

PPP has finalised names of Aitzaz Ahsan and Babar Awan for upcoming Senate elections on general seats, said party sources. The consultation process to this effect got completed on Saturday participated by Faryal Talpur, Jehangir Badar, Raja Riaz and Imtia
Published 22 Jan, 2012 12:00am
It's judiciary's right to review unconstitutional acts: CJP

It's judiciary's right to review unconstitutional acts: CJP

The Chief Justice of Pakistan, Iftikhar Mohammad Chaudhry, on Saturday said the judiciary had the right to review government's extra-constitutional acts. Speaking at the oath-taking ceremony of the newly-elected body of Karachi Bar Council, the Chief Just
Published 22 Jan, 2012 12:00am
It's judiciary's right to review unconstitutional acts: CJP

It's judiciary's right to review unconstitutional acts: CJP

The Chief Justice of Pakistan, Iftikhar Mohammad Chaudhry, on Saturday said the judiciary had the right to review government's extra-constitutional acts. Speaking at the oath-taking ceremony of the newly-elected body of Karachi Bar Council, the Chief Just
Published 22 Jan, 2012 12:00am
Ijaz could be placed on ECL: Malik

Ijaz could be placed on ECL: Malik

Interior Minister Rehman Malik Saturday said that Mansoor Ijaz's name might be put on Exit Control List (ECL) on the recommendations of Parliamentary Committee on National Security (PCNS). Talking to media persons, Malik said the Interior Ministry was res
Published 22 Jan, 2012 12:00am
Ijaz could be placed on ECL: Malik

Ijaz could be placed on ECL: Malik

Interior Minister Rehman Malik Saturday said that Mansoor Ijaz's name might be put on Exit Control List (ECL) on the recommendations of Parliamentary Committee on National Security (PCNS). Talking to media persons, Malik said the Interior Ministry was res
Published 22 Jan, 2012 12:00am
Government to provide 'foolproof' security: AGP

Government to provide 'foolproof' security: AGP

Attorney General for Pakistan Maulvi Anwar-ul-Haq has said that foolproof security would be provided to Mansoor Ijaz, a private Channel reported Saturday. He held out this assurance in his reply to a letter that he received from the counsel of Mansoor Ija
Published 22 Jan, 2012 12:00am
Government to provide 'foolproof' security: AGP

Government to provide 'foolproof' security: AGP

Attorney General for Pakistan Maulvi Anwar-ul-Haq has said that foolproof security would be provided to Mansoor Ijaz, a private Channel reported Saturday. He held out this assurance in his reply to a letter that he received from the counsel of Mansoor Ija
Published 22 Jan, 2012 12:00am
China''s Saudi crude imports fourth-highest on record

China''s Saudi crude imports fourth-highest on record

China''s crude oil imports from Saudi Arabia rose to 1.12 million barrels per day in December, the fourth-highest on record on a daily basis, Chinese customs data showed, as the world''s top oil exporter pumped just under the 10 million bpd mark. Data fro
Published 22 Jan, 2012 12:00am
China's Saudi crude imports fourth-highest on record

China's Saudi crude imports fourth-highest on record

China's crude oil imports from Saudi Arabia rose to 1.12 million barrels per day in December, the fourth-highest on record on a daily basis, Chinese customs data showed, as the world's top oil exporter pumped just under the 10 million bpd mark. Data from
Published 22 Jan, 2012 12:00am
China's Saudi crude imports fourth-highest on record

China's Saudi crude imports fourth-highest on record

China's crude oil imports from Saudi Arabia rose to 1.12 million barrels per day in December, the fourth-highest on record on a daily basis, Chinese customs data showed, as the world's top oil exporter pumped just under the 10 million bpd mark. Data from
Published 22 Jan, 2012 12:00am
European rating agency to rival S&P, Moody''s this year

European rating agency to rival S&P, Moody''s this year

Plans to launch a European ratings agency to compete with S&P, Moody''s and Fitch are at an advanced stage and a new private institution could start business as soon as the first half of this year, German businessman Roland Berger told an Italian newspape
Published 22 Jan, 2012 12:00am
European rating agency to rival S&P, Moody's this year

European rating agency to rival S&P, Moody's this year

Plans to launch a European ratings agency to compete with S&P, Moody's and Fitch are at an advanced stage and a new private institution could start business as soon as the first half of this year, German businessman Roland Berger told an Italian newspaper
Published 22 Jan, 2012 12:00am
Your rupee last half year

Your rupee last half year

Following currency fluctuations took place in foreign exchange rates during the last half year. (July 02 to December 30, 2011).

Published 22 Jan, 2012 12:00am
European rating agency to rival S&P, Moody's this year

European rating agency to rival S&P, Moody's this year

Plans to launch a European ratings agency to compete with S&P, Moody's and Fitch are at an advanced stage and a new private institution could start business as soon as the first half of this year, German businessman Roland Berger told an Italian newspaper
Published 22 Jan, 2012 12:00am
The Weather

The Weather

The weather report on Saturday (January 21, 2012) and the forecast for Sunday (January 22, 2012).

Published 22 Jan, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 21, 2012).

Published 22 Jan, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 21, 2012).

Published 22 Jan, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (January 21, 2012).

Published 22 Jan, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (January 21, 2012) and for Sunday (January 22, 2012).
Published 22 Jan, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (January 21, 2012).

Published 22 Jan, 2012 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 21, 2012).

Published 22 Jan, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (January 21, 2012).

Published 22 Jan, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (January 21, 2012).

Published 22 Jan, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 21, 2012).

Published 22 Jan, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 21, 2012).

Published 22 Jan, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 21, 2012).

Published 22 Jan, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 21, 2012).

Published 22 Jan, 2012 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (January 21, 2012).

Published 22 Jan, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 21, 2012).

Published 22 Jan, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 21, 2012).

Published 22 Jan, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (January 21, 2012).

Published 22 Jan, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (January 21, 2012).

Published 22 Jan, 2012 12:00am
THE RUPEE: dollar moves up

THE RUPEE: dollar moves up

Downward trend was seen on the currency market on Saturday as the rupee drifted lower against dollar and euro, dealers said. The rupee gave up firmness versus dollar, losing 10 paisa for buying and selling at 90.40 and 90.60, they said.
Published 22 Jan, 2012 12:00am
THE RUPEE: dollar moves up

THE RUPEE: dollar moves up

Downward trend was seen on the currency market on Saturday as the rupee drifted lower against dollar and euro, dealers said. The rupee gave up firmness versus dollar, losing 10 paisa for buying and selling at 90.40 and 90.60, they said.
Published 22 Jan, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (January 21, 2012).

Published 22 Jan, 2012 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (January 21, 2012).

Published 22 Jan, 2012 12:00am
Oil cake market rates

Oil cake market rates

Mixed trend was seen on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The January contract that had ended at Rs 1156.50 commenced with sharp fall of Rs 2.50 to Rs 1154.00. The March vaida which closed at Rs 773.40
Published 22 Jan, 2012 12:00am
Business volume low, prices remain range-bound on cotton market

Business volume low, prices remain range-bound on cotton market

Most of the mills and spinners were on the sidelines amid expectations of fall in prices, dealers said on the cotton market on Saturday. The official spot rate was inert at Rs 5,600, they said. Prices of seedcotton in Sindh were at Rs 2100-2300 and in the
Published 22 Jan, 2012 12:00am
Prices mostly move downwards on grain market

Prices mostly move downwards on grain market

Most of the commodity items moved down on the wholesale grain market on Saturday in process of trading, dealers said. On the cereal side gur lost Rs 200 to Rs 4000-5000 due to steady arrivals from upcountry centres, other items were unmoved due to balance
Published 22 Jan, 2012 12:00am
China fails to divert iron ore buys from Australia, Brazil

China fails to divert iron ore buys from Australia, Brazil

China diversified its spot iron ore buying away from India in 2011, largely in favour of South Africa, but failed to reduce its dependence on term purchases from top suppliers Australia and Brazil, customs data showed on Saturday. Chinese planners have sa
Published 22 Jan, 2012 12:00am
European cash cocoa market eases on weak demand

European cash cocoa market eases on weak demand

Price differentials in the European cash cocoa market eased this week due to weak demand as dealers were reluctant to step in, waiting to hear news about the mid crop quality in Ivory Coast, the world's top producer. Ivory Coast differentials were about 7
Published 22 Jan, 2012 12:00am
China's December refined copper imports rise on record

China's December refined copper imports rise on record

Chinese imports of refined copper rose 18.3 percent in December on the month to a record high due to improved arbitrage and increased use of copper for financing purposes, but inflows fell 3 percent in 2011 from 2010 on low imports in the first half.
Published 22 Jan, 2012 12:00am
US Midwest corn and soyabeans bids firmer

US Midwest corn and soyabeans bids firmer

Spot basis bids for corn and soyabeans were firm around the US Midwest on Friday as continued slow farmer sales led some processors and elevators to raise bids, dealers said. Some grain merchants expected the corn bids to continue on a firming trend as mo
Published 22 Jan, 2012 12:00am
Brazil's 2012-13 cane output to rise: analyst

Brazil's 2012-13 cane output to rise: analyst

Brazil's 2012-13 center-south cane output should rise about a tenth to between 540 million and 560 million tonnes, up from 492 million in the almost-finished 2011/12 harvest, sugar and ethanol consultant Job Economia said on Thursday.
Published 22 Jan, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 133,454 tonnes of cargo comprising 108,274 tonnes of import cargo and 25,180 tonnes of export cargo including 5,615 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 108,274
Published 22 Jan, 2012 12:00am
Rain dampens harvest in top Brazil's soya area

Rain dampens harvest in top Brazil's soya area

Brazil's No 1 soya state has escaped drought denting prospects for the oilseed in southern states, but its harvest has been slowed by the opposite problem of excess rain that shows no sign of letting up. The center western state of Mato Grosso, which grow
Published 22 Jan, 2012 12:00am
Corn export premiums steady at US Gulf Coast

Corn export premiums steady at US Gulf Coast

Corn export premiums at the US Gulf Coast were mostly steady on Friday after rising earlier in the week on stronger export demand and slow farmer selling that has limited supplies available to grain shippers, traders said. Rising corn prices in rival expo
Published 22 Jan, 2012 12:00am
Tepco to be nationalised for 10 years

Tepco to be nationalised for 10 years

Tokyo Electric Power Co will in effect be nationalised for at least 10 years and is expected to become profitable in its 2013 business year, under a plan by a government body for funding nuclear disaster compensation, Kyodo news agency reported on Saturda
Published 22 Jan, 2012 12:00am
Former lawyer gets 45-day prison term in UBS tax case

Former lawyer gets 45-day prison term in UBS tax case

An 82-year-old disbarred New York maritime lawyer was sentenced to 45 days in prison on Friday after he admitted to hiding more than $26.4 million at Swiss bank UBS AG to avoid paying taxes. The former lawyer, Kenneth Heller, banked the money with UBS and
Published 22 Jan, 2012 12:00am
New Iran sanctions most threaten non-US banks

New Iran sanctions most threaten non-US banks

The US Treasury Department is under bipartisan pressure to draft tough rules implementing an Iranian sanctions law enacted in December. While the effect on US financial institutions is likely to be minimal, foreign financial institutions may take a hit.
Published 22 Jan, 2012 12:00am
Amazon setting up first 'fulfilment centre' in India

Amazon setting up first 'fulfilment centre' in India

Amazon.com Inc is setting up its first 'fulfillment centre' in India as the world's largest Internet retailer tries to break into the world's second most-populous nation. Fulfillment centres are giant warehouses that help Amazon and other online retailers
Published 22 Jan, 2012 12:00am
California's jobless rate hits three-year low

California's jobless rate hits three-year low

California's unemployment rate fell to an almost three-year low of 11.1 percent in December, and analysts said a gradual economic recovery appears to be taking hold that will bring the rate down further in small steps. December marked the fourth straight
Published 22 Jan, 2012 12:00am
Obama promises 'blueprint for actions' to improve economy

Obama promises 'blueprint for actions' to improve economy

US President Barack Obama promised Saturday to present a "blueprint for actions" to improve the country's economy and business climate, as he prepared for a major address to the nation next week. Obama will deliver his nationally-televised State of the Un
Published 22 Jan, 2012 12:00am
Morgan Stanley CEO to receive $10.5 million bonus

Morgan Stanley CEO to receive $10.5 million bonus

Morgan Stanley Chief Executive James Gorman was awarded a $10.5 million bonus for 2011, down 25 percent from the previous year, according to a source familiar with the matter. All of Gorman's bonus will be deferred for a period of two to three years, incl
Published 22 Jan, 2012 12:00am
Greece's creditors leave Athens, talks to continue

Greece's creditors leave Athens, talks to continue

The representatives of Greece's private creditors left Athens unexpectedly on Saturday without a deal on a debt swap plan that is vital to avert a disorderly default, sources close to the negotiations told Reuters. Negotiations will continue over the phon
Published 22 Jan, 2012 12:00am
Chinese firms invest $184 million in Taiwan

Chinese firms invest $184 million in Taiwan

Taiwan's government said Saturday that Chinese firms had invested around $184 million on the island since it relaxed rules on mainland investment in mid-2009 amid warming relations. A total of 204 Chinese companies have set up subsidiaries on the island o
Published 22 Jan, 2012 12:00am
China faces 'bigger challenges' in Dragon year: Wen

China faces 'bigger challenges' in Dragon year: Wen

China will face "bigger challenges" in the new Year of the Dragon its Prime Minister Wen Jiabao warned Saturday, as he pledged economic reforms to improve wealth distribution, state media reported. "We are going to face bigger challenges in the new year,"
Published 22 Jan, 2012 12:00am
G20 pushes for extra steps from Europe on crisis

G20 pushes for extra steps from Europe on crisis

Group of 20 nations agreed to push Europe to take extra steps to resolve the debt crisis on Friday as they inch toward a deal to boost the International Monetary Fund's firepower. Mexico Deputy Finance Minister Gerardo Rodriguez said talks between G20 off
Published 22 Jan, 2012 12:00am
Banks battle for business as firms ditch IPOs

Banks battle for business as firms ditch IPOs

Investment banks are scrambling to keep hard-won mandates as European companies abandon plans for initial public offerings in favour of a sale or spin off, opening up the field to rivals. French media group Lagardere recently mandated Lazard to find a buy
Published 22 Jan, 2012 12:00am
Dana Gas hires advisers for convertible sukuk

Dana Gas hires advisers for convertible sukuk

UAE energy group Dana Gas said it had appointed an international firm to advise on its $920 million convertible sukuk maturing in October, adding it would continue to meet its obligations. Dana Gas, whose share price has been battered by concerns about ho
Published 22 Jan, 2012 12:00am
Dana Gas hires advisers for convertible sukuk

Dana Gas hires advisers for convertible sukuk

UAE energy group Dana Gas said it had appointed an international firm to advise on its $920 million convertible sukuk maturing in October, adding it would continue to meet its obligations. Dana Gas, whose share price has been battered by concerns about ho
Published 22 Jan, 2012 12:00am
ADR Report: Asian stocks lead after strong rally in region

ADR Report: Asian stocks lead after strong rally in region

US-listed shares of foreign companies were led higher by Asian stocks on Friday after major stock markets in the region ended with strong gains. The BNY Mellon index of leading Asian ADRs rose 1.1 percent, while the BNY Mellon index of leading American De
Published 22 Jan, 2012 12:00am
Latam stocks hit over four-month high

Latam stocks hit over four-month high

Latin American stocks ended mixed on Friday after a one-week rally lost steam as investors waited to see if Greece would cut a deal in time to avoid a default. The MSCI Latin American stock index inched up 0.10 percent. The index jumped more than five per
Published 22 Jan, 2012 12:00am
TSX edges higher on day, up 1.4 percent on week

TSX edges higher on day, up 1.4 percent on week

Canadian stocks ended slightly higher on Friday as financial issues rose on increased optimism about Europe, but had their momentum slowed as signs of weakness in China's factory activity stoked demand worries. News that Greece was closing in on an initia
Published 22 Jan, 2012 12:00am
Treasuries drop on Greece hopes, before supply

Treasuries drop on Greece hopes, before supply

US Treasuries debt prices fell on Friday as investors took a more optimistic tone on Greece's debt restructuring talks, reducing the demand for safe-haven bonds, and ahead of $99 billion in new supply planned for next week. Greece was closing in on an ini
Published 22 Jan, 2012 12:00am
Treasuries drop on Greece hopes, before supply

Treasuries drop on Greece hopes, before supply

US Treasuries debt prices fell on Friday as investors took a more optimistic tone on Greece's debt restructuring talks, reducing the demand for safe-haven bonds, and ahead of $99 billion in new supply planned for next week. Greece was closing in on an ini
Published 22 Jan, 2012 12:00am
Spreads tighten on eurozone funding relief, Winsway falls

Spreads tighten on eurozone funding relief, Winsway falls

Asian credit spreads compressed and new issues rallied on the back of positive global risk sentiment but Chinese high yield industrial bonds underperformed following fraud allegations about Winsway Coking Coal's books. "There is some real money buying. Th
Published 22 Jan, 2012 12:00am
Spreads tighten on eurozone funding relief, Winsway falls

Spreads tighten on eurozone funding relief, Winsway falls

Asian credit spreads compressed and new issues rallied on the back of positive global risk sentiment but Chinese high yield industrial bonds underperformed following fraud allegations about Winsway Coking Coal's books. "There is some real money buying. Th
Published 22 Jan, 2012 12:00am
Indian bond yields little changed

Indian bond yields little changed

Indian federal bond yields were little changed on Friday with traders reluctant to build large positions ahead of the Reserve Bank of India's policy review on Tuesday. The 10-year benchmark bond yield ended at 8.18 percent, up 1 basis point from Thursday'
Published 22 Jan, 2012 12:00am
Indian bond yields little changed

Indian bond yields little changed

Indian federal bond yields were little changed on Friday with traders reluctant to build large positions ahead of the Reserve Bank of India's policy review on Tuesday. The 10-year benchmark bond yield ended at 8.18 percent, up 1 basis point from Thursday'
Published 22 Jan, 2012 12:00am
JGB sentiment improves sharply to almost neutral

JGB sentiment improves sharply to almost neutral

Sentiment in the Japanese government bond market improved sharply after Standard and Poor's mass downgrades of eurozone countries rekindled worries about Europe's debt crisis, a weekly Reuters survey of major market players showed on Monday. The survey's
Published 22 Jan, 2012 12:00am
JGB sentiment improves sharply to almost neutral

JGB sentiment improves sharply to almost neutral

Sentiment in the Japanese government bond market improved sharply after Standard and Poor's mass downgrades of eurozone countries rekindled worries about Europe's debt crisis, a weekly Reuters survey of major market players showed on Monday. The survey's
Published 22 Jan, 2012 12:00am
US bond market shows scant fear of inflation

US bond market shows scant fear of inflation

US bond investors are showing no immediate worries about a resurgence in inflation, even though the Federal Reserve is thought to be close to adopting an official target for price growth as soon as next week. Though 10-year inflation expectations have ris
Published 22 Jan, 2012 12:00am
US bond market shows scant fear of inflation

US bond market shows scant fear of inflation

US bond investors are showing no immediate worries about a resurgence in inflation, even though the Federal Reserve is thought to be close to adopting an official target for price growth as soon as next week. Though 10-year inflation expectations have ris
Published 22 Jan, 2012 12:00am
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