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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-02-09
Bharti's profit dives 22 percent

Bharti's profit dives 22 percent

India's top mobile phone firm, Bharti Airtel, on Wednesday reported an unexpected 22 percent plunge in quarterly profit from a year ago, hit by lower phone usage and heavy interest charges. Net profit slid to 10.1 billion rupees ($206 million) in the thre
Published 09 Feb, 2012 12:00am
BA, Japan Airlines agree tie-up on flights

BA, Japan Airlines agree tie-up on flights

British Airways and Japan Airlines have agreed a tie-up on flights between Europe and the world's third-biggest economy in a new cost-cutting initiative, BA parent group IAG said on Wednesday. "International Airlines Group (IAG) and Japan Airlines (JAL) h
Published 09 Feb, 2012 12:00am
Saudi Arabia pledges stable oil supply to South Korea

Saudi Arabia pledges stable oil supply to South Korea

Saudi Arabia has pledged to ensure a stable supply of oil to South Korea, which is under pressure from the United States to reduce purchases from Iran, a report said on Wednesday. The kingdom also agreed during a visit by South Korean President Lee Myung-
Published 09 Feb, 2012 12:00am
German exports tumble

German exports tumble

German exports fell at their fastest rate in nearly three years in December and imports unexpectedly dropped, adding to signs that the euro zone sovereign debt crisis hit the region's top economy hard in the fourth quarter. However, the data from the Fede
Published 09 Feb, 2012 12:00am
Germany, Kazakhstan sign $4 billion deals

Germany, Kazakhstan sign $4 billion deals

Germany and Kazakhstan signed agreements Wednesday worth three billion euros ($4 billion) to cooperate on raw materials, industry and technology, Berlin said. The raft of some 50 accords was inked during a visit to the German capital by long-time Kazakh P
Published 09 Feb, 2012 12:00am
Nokia to axe 4,000 jobs

Nokia to axe 4,000 jobs

Struggling Finnish phone maker Nokia plans to cut 4,000 more jobs at its plants in Finland, Hungary and Mexico as it seeks to cut costs by moving smartphone assembly work to Asia. The cuts of 8 percent of the phone business workforce bring total planned j
Published 09 Feb, 2012 12:00am
Airbus A380 wing checks extended

Airbus A380 wing checks extended

European air safety officials are preparing to extend checks for Airbus A380 wing cracks to the entire superjumbo fleet, sources close to the matter told Reuters on Wednesday. The move to inspect all 68 A380s in service comes as Qantas Airways grounded on
Published 09 Feb, 2012 12:00am
French cabinet approves financial transactions tax

French cabinet approves financial transactions tax

The French cabinet on Wednesday agreed to pursue a tax on financial transactions that Paris hopes will eventually be adopted by other European countries. The project, touted by President Nicolas Sarkozy as a tool against the eurozone debt crisis, will see
Published 09 Feb, 2012 12:00am
US mortgage applications jump

US mortgage applications jump

Applications for US home mortgages jumped last week, fuelled by increased demand for refinancing as interest rates fell, an industry group said on Wednesday. The MBA's seasonally adjusted index of refinancing applications climbed 9.4 percent, while the ga
Published 09 Feb, 2012 12:00am
UK permanent jobs rise for first time in four months

UK permanent jobs rise for first time in four months

British employers expanded their permanent workforce for the first time in four months in January, a survey of recruitment agencies said on Wednesday, adding to signs that the economy may be improving. The Recruitment and Employment Confederation (REC) sa
Published 09 Feb, 2012 12:00am
Osborne warns of Britain's 'anti-business culture'

Osborne warns of Britain's 'anti-business culture'

Finance minister George Osborne has vowed to fight an "anti-business culture" in Britain, warning that a row over executive pay and bonuses threatens the country's fragile economic recovery. "Let me say something about the row over bonuses and pay," Osbor
Published 09 Feb, 2012 12:00am
Canada inks China trade deals

Canada inks China trade deals

China and Canada on Wednesday signed a series of deals to boost modest levels of bilateral trade and finished negotiations on a foreign investment protection pact after 18 years of talks. Canadian Prime Minister Stephen Harper, keen to boost oil exports t
Published 09 Feb, 2012 12:00am
Batelco exits Indian venture in $175 million deal

Batelco exits Indian venture in $175 million deal

Bahrain Telecommunications Co is selling its 43 percent stake in Indian affiliate S Tel for $175 million, the first exit by a foreign operator since an Indian court cancelled 122 telecoms licences last week amid a corruption probe. Batelco will sell the s
Published 09 Feb, 2012 12:00am
Egypt donors want IMF accord first: Prime Minister

Egypt donors want IMF accord first: Prime Minister

International donors have made any financial support they provide to Egypt contingent on Cairo first reaching agreement on a financing package with the International Monetary Fund (IMF), the country's prime minister said on Wednesday. The cabinet on Wedne
Published 09 Feb, 2012 12:00am
Dubai's Emaar climb; most Gulf markets advance

Dubai's Emaar climb; most Gulf markets advance

Dubai's Emaar Properties climbed to a six-month high over hopes of strong earnings as most Gulf markets advanced on Wednesday, and optimism over a swift transition to civilian rule lifted Egyptian stocks for a second day. Emaar, which is expected to repor
Published 09 Feb, 2012 12:00am
Nikkei vaults 9,000 for first time in three months

Nikkei vaults 9,000 for first time in three months

Japan's Nikkei average climbed above the 9,000 mark for the first time in three months on Wednesday, boosted by a stronger-than-expected profit outlook from Toyota Motor Corp and short-covering in index options. A trader said investors who had been bearis
Published 09 Feb, 2012 12:00am
Wednesday's midday trade: Wall Street lower

Wednesday's midday trade: Wall Street lower

US stocks gave up early gains on Wednesday as the Dow hovered at its highest level in nearly four years and investors waited for Greece to accept tough reforms in exchange for a new bailout. Efforts by the Greek prime minister to get the three parties in
Published 09 Feb, 2012 12:00am
US stocks edge up

US stocks edge up

US stocks rose slightly on Tuesday, but with the outcome of discussions on a bailout package for Greece uncertain, investors are unlikely to make big bets in coming days. The S&P has gained almost 7 percent in 2012 on better-than-expected economic figures
Published 09 Feb, 2012 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks rose 2.11 percent to a six-month closing high on Wednesday, joining regional bourses in gains, with HTC rebounding from the previous day's losses, helped by its announcement of a share buyback. The main TAIEX index ended up 162.47 points at
Published 09 Feb, 2012 12:00am
Treasuries decline

Treasuries decline

US Treasury debt prices fell on Tuesday as investors set up for this week's $72 billion quarterly refunding and a safety bid waned following a report Greece was close to agreeing terms of a financial bailout. Treasuries extended losses in the afternoon af
Published 09 Feb, 2012 12:00am
Treasuries decline

Treasuries decline

US Treasury debt prices fell on Tuesday as investors set up for this week's $72 billion quarterly refunding and a safety bid waned following a report Greece was close to agreeing terms of a financial bailout. Treasuries extended losses in the afternoon af
Published 09 Feb, 2012 12:00am
Southeast Asian stocks rise

Southeast Asian stocks rise

Southeast Asian stock indexes rose on Wednesday as strong oil and metal prices bolstered commodities-related shares, and on hopes the Greece would agree to a reform deal that would open the way for a new international rescue package. Indexes in Singapore,
Published 09 Feb, 2012 12:00am
Indian shares slightly up

Indian shares slightly up

Indian shares ended 0.5 percent higher on Wednesday, helped by a rally in software stocks including Tata Consultancy Services and Infosys Technologies and gains in index heavyweight Reliance Industries. The main 30-share BSE index added 84.87 points to en
Published 09 Feb, 2012 12:00am
Hong Kong shares hit six-month high, Shanghai stocks climb

Hong Kong shares hit six-month high, Shanghai stocks climb

Hong Kong shares hit a six-month high on Wednesday and Shanghai's benchmark closed at its highest since December 2 following a slew of Beijing policy moves ahead of Thursday's release of China January inflation data. Outperforming the market, largely on a
Published 09 Feb, 2012 12:00am
Seoul shares break 2,000 point level

Seoul shares break 2,000 point level

Seoul shares broke through a key psychological line at 2,000 points on Wednesday to a six-month closing high as abundant offshore liquidity lent steady support, with investors brushing off setbacks in Greece's efforts to iron out a debt deal. The Korea Co
Published 09 Feb, 2012 12:00am
European shares fall

European shares fall

European shares fell from six-month highs on Wednesday after sources said European Central Bank policymakers were still split on a Greek debt deal, souring optimism that talks were drawing to a conclusion. The market had been positive for most of the sess
Published 09 Feb, 2012 12:00am
FTSE ends smidgen lower

FTSE ends smidgen lower

Britain's blue chips closed a touch lower on Wednesday as investors awaited more clarity on a Greek debt deal. Greek party leaders gathered on Wednesday to agree reforms needed to secure a new EU/IMF rescue package necessary to avoid a chaotic default tha
Published 09 Feb, 2012 12:00am
Yuan near year high

Yuan near year high

The yuan closed just shy of its year high on Wednesday, but traders remain divided about whether the move signals a spurt of appreciation in the run-up to a Chinese official visit to the United States next week. Spot yuan closed at 6.2945 per dollar, 104
Published 09 Feb, 2012 12:00am
Euro rates hit one-year low

Euro rates hit one-year low

Euro priced bank-to-bank lending rates slid to their lowest level in 12 months on Wednesday amid signs of easing in gummed-up credit markets, with some banks now seen prepared to lend to their peers for up to three months. But the key driver for the falli
Published 09 Feb, 2012 12:00am
Euro rises, yen slips in Asia

Euro rises, yen slips in Asia

The euro hit a fresh two-month high versus the dollar on Wednesday, supported by hopes that Greece may soon agree to austerity steps needed to secure a second bailout and avoid a disorderly default. The single currency also hit a seven-week peak against t
Published 09 Feb, 2012 12:00am
Euro climbs in London

Euro climbs in London

The euro rose to a two-month high versus the dollar on Wednesday on optimism Greek leaders are nearing a deal to secure a second bailout and avoid a messy default, though analysts were sceptical of fresh gains with the deal becoming priced in. Following a
Published 09 Feb, 2012 12:00am
Early trade in New York: euro falls from highs

Early trade in New York: euro falls from highs

The euro slid from a two-month high versus the US dollar in choppy trading on Wednesday as the outcome of a meeting of Greek political leaders on the country's second bailout package remained up in the air, although investors were optimistic overall that
Published 09 Feb, 2012 12:00am
Euro rallies across the board

Euro rallies across the board

The euro rallied across the board on Tuesday, hitting an eight-week high against the dollar on optimism Greece will soon agree to a bailout deal it needs to avoid a disorderly default. A Greek official's statement suggested the Greek government has comple
Published 09 Feb, 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 Wednesday. 83.95-84.15 (previous 84.05-84.25). Call Money Rates: 15.00-20.00 percent (previous 09.00-20.00 percent).
Published 09 Feb, 2012 12:00am
Australian and New Zealand dollars up

Australian and New Zealand dollars up

The Australian and New Zealand dollars consolidated hefty gains on the US dollar and yen on Wednesday, underpinned by internationally attractive yields and hopes Greece will eventually reach a debt deal. The Aussie was firm at $1.0791, having reached a si
Published 09 Feb, 2012 12:00am
Indian rupee up

Indian rupee up

The Indian rupee nudged up on Wednesday supported by dollar inflows, but a pick-up in greenback buying by local companies and fears of profit-booking after last month's sharp rally kept the mood jittery. The rupee ended at 49.15/16 to the dollar, marginal
Published 09 Feb, 2012 12:00am
Most Asian currencies rise

Most Asian currencies rise

Most emerging Asian currencies rose on Wednesday, driven by capital inflows and demand from offshore funds as investors remained hopeful that Greece will strike a debt restructuring deal, but local investors remained wary of further intervention by region
Published 09 Feb, 2012 12:00am
Sterling retreats

Sterling retreats

Sterling fell against the dollar on Wednesday, having earlier hit a 12-week high, and lagged the euro and riskier currencies in expectation of more aggressive asset-buying from the Bank of England. BoE policymakers are expected to announce a further 50 bi
Published 09 Feb, 2012 12:00am
Promotion of sports activities vital for healthy society

Promotion of sports activities vital for healthy society

Punjab Chief Minister Shahbaz Sharif said on Wednesday that promotion of sports activities was vital for a healthy society therefore various projects were being completed expeditiously in the sports sector. The chief minister further said that no negligen
Published 09 Feb, 2012 12:00am
PCB management condoles with chief selector

PCB management condoles with chief selector

Pakistan Cricket Board (PCB) Chairman Muhammad Zaka Ashraf, PCB Chairperson Women Wing Bushra Aitazaz and PCB Chief Operating Officer Subhan Ahmed have condoled over the sad demise of brother of Chief Selector Muhammad Ilyas. On behalf of PCB management t
Published 09 Feb, 2012 12:00am
Zimbabwe suspends coach over match-fixing

Zimbabwe suspends coach over match-fixing

Zimbabwe's football association has suspended national team coach Norman Mapeza, who was implicated in a match-fixing scam in Asia, the association's boss said Wednesday. Former midfielder Rahman Gumbo has been named as interim coach, said Jonathan Mashin
Published 09 Feb, 2012 12:00am
Bilbao crush Mirandes to reach Cup final

Bilbao crush Mirandes to reach Cup final

Athletic Bilbao ended tiny Mirandes's remarkable run with a ruthless 6-2 win in their King's Cup semi-final second leg on Tuesday, to set up a final meeting with either Barcelona or Valencia. Iker Muniain, Markel Susaeta and Jon Aurtenetxe scored inside t
Published 09 Feb, 2012 12:00am
Finn sees redemption for England in ODIs

Finn sees redemption for England in ODIs

Young paceman Steven Finn said on Wednesday he hoped a fresh and young England squad will put the 3-0 Test series rout by Pakistan behind them in the One-day series which starts next week. The 21-year-old watched from the sidelines as Pakistan registered
Published 09 Feb, 2012 12:00am
Afghanistan excited at Pakistan One-day exposure

Afghanistan excited at Pakistan One-day exposure

Afghanistan team players are excited and have promised to put up their best showing in their first-ever One-day international against Pakistan in Sharjah on Friday, an official said. The war-torn country has played 18 One-day internationals since gaining
Published 09 Feb, 2012 12:00am
Triangular series standings

Triangular series standings

Standings after the tri-series one-day match between India and Sri Lanka here Wednesday (games, wins, losses, no result, points):

Published 09 Feb, 2012 12:00am
India win by four wickets

India win by four wickets

Youngster Virat Kohli steered India to a four-wicket victory over Sri Lanka in their tri-series One-day international in Perth Wednesday before losing his wicket in dramatic fashion. Although Sachin Tendulkar again failed in his quest to score his long-aw
Published 09 Feb, 2012 12:00am
Quiros set for Dubai hat-trick bid

Quiros set for Dubai hat-trick bid

The spotlight will be firmly on defending champion Alvaro Quiros as he bids for a unique hat-trick at the Dubai Desert Classic, which begins at the Majlis course of Emirates Golf Club from Thursday. If the Spaniard manages to successfully defend his crown
Published 09 Feb, 2012 12:00am
Tottenham manager cleared of tax evasion

Tottenham manager cleared of tax evasion

Tottenham Hotspur manager Harry Redknapp was cleared by a London court on Wednesday of tax evasion after a long investigation into financial corruption in British soccer. Redknapp, tipped to be the next England manager, was charged with cheating the publi
Published 09 Feb, 2012 12:00am
Japan to host U-20 women's World Cup

Japan to host U-20 women's World Cup

Japan will host the under-20 women's football World Cup this summer, a year after grabbing the senior women's title, officials said Wednesday. The U-20 tournament was originally scheduled to be staged by Uzbekistan but world football's governing body FIFA
Published 09 Feb, 2012 12:00am
South Africa official says paid to oust Nyoka

South Africa official says paid to oust Nyoka

A Cricket South Africa official claims he was sent around the country to lobby provincial cricket bosses to oust CSA president and anti-corruption crusader Mtutuzeli Nyoka, a report said Wednesday. The claim by Ajay Sooklal, chair of CSA's legal committee
Published 09 Feb, 2012 12:00am
Celebrities settle claims over UK tabloid hacking

Celebrities settle claims over UK tabloid hacking

Former footballer Paul Gascoigne and comic actor Steve Coogan were among high-profile British figures paid damages Wednesday by Rupert Murdoch's newspaper group over phone hacking. Coogan settled his claim for £40,000 ($63,000, 48,000 euros), while Ex-Eng
Published 09 Feb, 2012 12:00am
Spy chief unveils new Romanian government

Spy chief unveils new Romanian government

Romania's incoming prime minister Mihai Razvan Ungureanu rang the changes at the economy and finance ministries Wednesday when he unveiled his new government. Ungureanu, 43, told reporters he would call a confidence vote on the new cabinet and its economi
Published 09 Feb, 2012 12:00am
Turks seek world action as Homs bleeds

Turks seek world action as Homs bleeds

Syria's army pounded the rebel city of Homs on Wednesday as Turkey sought international action to protect civilians from former ally President Bashar al-Assad, a move that risks the wrath of Russia and China. Dozens more were killed during the day, accord
Published 09 Feb, 2012 12:00am
India upgrades its military with China in mind

India upgrades its military with China in mind

India has decided to buy 126 fighter jets from France, taken delivery of a nuclear-powered submarine from Russia and prepared for its first aircraft carrier in recent weeks as it modernises its military to match China's. India and China have had tensions
Published 09 Feb, 2012 12:00am
London tackles gangs six months after UK riots

London tackles gangs six months after UK riots

Six months after Britain was struck by five nights of rioting, London police launched a major crackdown on streets gangs which politicians blamed for the country's worst disorder for decades. London's new police chief, installed in the job in the wake of
Published 09 Feb, 2012 12:00am
Myanmar has world's worst legal system for business

Myanmar has world's worst legal system for business

Myanmar has the world's worst legal system for doing business, retaining a position it has held for the last five years despite recent reforms, according to a report released Wednesday. It remains "the country offering the least legal protection for forei
Published 09 Feb, 2012 12:00am
Santorum claims momentum with wins in three states

Santorum claims momentum with wins in three states

Republican US presidential contender Rick Santorum claimed a surge of momentum and fundraising on Wednesday, a day after his shocking sweep of nominating contests in Colorado, Minnesota and Missouri that dealt a blow to front-runner Mitt Romney. Even thou
Published 09 Feb, 2012 12:00am
Afghan forces will be 'good enough' to take over: US

Afghan forces will be 'good enough' to take over: US

Afghani-stan's forces will be "good enough" to take over its security by the end of 2014, even though only a small number of them now operate independently from Nato-led troops, a top US general said Wednesday. Lieutenant General Curtis Scaparrotti, deput
Published 09 Feb, 2012 12:00am
Gandhi dynasty scion takes on low caste 'queen' in India vote

Gandhi dynasty scion takes on low caste 'queen' in India vote

Millions voted in India's most populous and politically important state on Wednesday, the first stage of an election that tests support for Prime Minister Manmohan Singh's troubled government ahead of a nation-wide vote in two years. The election in Uttar
Published 09 Feb, 2012 12:00am
Russian cold snap kills 110

Russian cold snap kills 110

Exceptionally cold weather in Russia has killed at least 110 people since the beginning of the year, the health ministry said Wednesday. "By this morning, 110 adults have died" from the cold, ministry spokesman Konstantin Proshin told AFP, adding that off
Published 09 Feb, 2012 12:00am
World's 'last' First World War veteran dies

World's 'last' First World War veteran dies

The world's last surviving First World War veteran, who served in Britain's Women's Royal Air Force (WRAF), has died aged 110, British media reported. Florence Green, who joined the WRAF as a 17-year-old in 1918, was believed to be the last veteran of the
Published 09 Feb, 2012 12:00am
US enlists five EU nations in offshore tax crackdown

US enlists five EU nations in offshore tax crackdown

The US Treasury Department on Wednesday enlisted five EU nations to help crack down on offshore tax evasion by Americans and ease the burdens the effort has imposed on many banks and financial institutions. After complaints from the global financial indus
Published 09 Feb, 2012 12:00am
WorldCall Telecom Limited

WorldCall Telecom Limited

WorldCall Telecom Limited is one of the prominent telecommunication and multimedia service providers in Pakistan. Fifteen years on since its launch, the company offers an array of services in segments like data, entertainment and voice. WorldCall is an as
Published 09 Feb, 2012 12:00am
WorldCall Telecom Limited

WorldCall Telecom Limited

WorldCall Telecom Limited is one of the prominent telecommunication and multimedia service providers in Pakistan. Fifteen years on since its launch, the company offers an array of services in segments like data, entertainment and voice. WorldCall is an as
Published 09 Feb, 2012 12:00am
New York cotton settles lower

New York cotton settles lower

Cotton futures finished lower on Wednesday ahead of a government crop report on Thursday as major funds moved positions out of the spot month and into back contracts, analysts said. Benchmark March cotton on ICE Futures US declined 0.95 cent, or 1 percent
Published 09 Feb, 2012 12:00am
Shanghai copper rises

Shanghai copper rises

The most-traded April copper contract on the Shanghai Futures Exchange rose 2.27 percent to 61,390 yuan a tonne on Wednesday. Chinese imports of refined copper rose 18.3 percent in December on the month to a record high due to improved arbitrage and incre
Published 09 Feb, 2012 12:00am
Copper gains

Copper gains

Copper rose to its highest level in more than a week on Wednesday, lifted by a stronger euro on optimism Greece will be able to secure a bailout package aimed at averting a disorderly default. Benchmark copper on the London Metal Exchange (LME) closed at
Published 09 Feb, 2012 12:00am
Brent at six-month high

Brent at six-month high

Brent crude oil futures rose for the seventh straight day on Wednesday, closing at the highest in more than six months on hopes that a deal to bail out debt-strapped Greece was near. Geopolitical risks, as violence escalated in Syria, and a new threat aga
Published 09 Feb, 2012 12:00am
Tokyo rubber hits four-month top

Tokyo rubber hits four-month top

Tokyo rubber futures rose 2.4 percent to a 4-month high on Wednesday on rising oil prices and concerns over falling supply, but gains were capped due to some profit-taking, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for Ju
Published 09 Feb, 2012 12:00am
Cocoa slips, sugar up

Cocoa slips, sugar up

Cocoa futures trickled lower on Wednesday following news that exporters had moved closer to an accord with authorities in top grower Ivory Coast on a recently launched forward-selling programme. Coffee traded mixed and sugar crawled higher, with the softs
Published 09 Feb, 2012 12:00am
Gold rises in New York

Gold rises in New York

Gold prices rose 1.5 percent on Tuesday for their biggest daily gain in two weeks, as expectations that a Greek rescue deal will be completed drove the dollar down sharply against the euro. Spot gold was up 1.6 percent at $1,746.64 an ounce by 2:49 pm EST
Published 09 Feb, 2012 12:00am
Gold up in Asia

Gold up in Asia

Spot gold briefly rose above a resistance level of $1,750 an ounce on Wednesday, as investors waited for Greece to grind towards a deal on a rescue package that it urgently needs after missing a string of deadlines. Spot gold edged up 0.3 percent to $1,74
Published 09 Feb, 2012 12:00am
Gold consolidates gain in London

Gold consolidates gain in London

Gold held steady near recent 11-week highs on Wednesday, supported by the euro's rise to a two-month peak as investors bet that Greece will finally secure a second bailout needed to avoid default. Greek political leaders are meeting in Athens on Wednesday
Published 09 Feb, 2012 12:00am
US MIDDAY: wheat slips

US MIDDAY: wheat slips

Wheat gave up early gains while corn and soyabeans held steady as investors tweaked positions in thin trade ahead of a key US Department of Agriculture (USDA) report Thursday. Traders expect the USDA to reduce South American corn and soyabean production e
Published 09 Feb, 2012 12:00am
US MIDDAY: copper climbs

US MIDDAY: copper climbs

In New York, the key March COMEX contract settled up 3.35 cents at $3.9095 per lb, after dealing between $3.8535 and $3.9350. Veteran trader Dennis Gartman said that after a recent phase of consolidation between $3.78 and $3.90 per lb, copper's push and h
Published 09 Feb, 2012 12:00am
US MIDDAY: gold down

US MIDDAY: gold down

Gold fell on Wednesday as technical resistance prompted investors took profits after the previous session's rally and on more uncertainty about Europe's economy. Bullion weakened on news that Italy's economy probably contracted in the fourth quarter, disc
Published 09 Feb, 2012 12:00am
Palm oil jumps

Palm oil jumps

Malaysian crude palm oil jumped to a near three-week high on Wednesday as the market reopened after a two-day break, tracking broader markets, such as soyoil, ahead of a key US crop report on Thursday. The US soyoil contract for March on the Chicago Board
Published 09 Feb, 2012 12:00am
Wheat slides

Wheat slides

Wheat fell nearly 1 percent on Tuesday as weather turned milder in the Black Sea region and investors adjusted positions to brace for a US government supply-demand report later in the week. Corn and soyabeans declined slightly, but a surge in crude oil -
Published 09 Feb, 2012 12:00am
Cocoa slips

Cocoa slips

Cocoa futures trickled lower on Wednesday following news that exporters had moved closer to an accord with authorities in top grower Ivory Coast on a recently launched forward-selling programme. Coffee traded mixed and sugar crawled higher, with the softs
Published 09 Feb, 2012 12:00am
Zakir Ali Khan passes away

Zakir Ali Khan passes away

Zakir Ali Khan, a protagonist of the vision and mission of great reformer and educationist Sir Syed Ahmed Khan, passed away here on Wednesday after a protracted illness. He was 86, says an announcement by the Sir Syed University of Engineering and Technol
Published 09 Feb, 2012 12:00am
Railway land: operation to remove encroachment launched

Railway land: operation to remove encroachment launched

Police on Wednesday launched operation amid protest against the Railway land grabbers in Railway Colony of Quetta. The illegal occupants on the Railway lands including women took to streets and started protest demonstration by blocking Joint Road.
Published 09 Feb, 2012 12:00am
Building for cancer treatment: KCCI to assist CAA-NICH in construction

Building for cancer treatment: KCCI to assist CAA-NICH in construction

Karachi Chamber of Commerce and Industry (KCCI) will assist Child Aid Association (CAA) in construction of a separate building for cancer treatment in the premises of National Institute of Child Health (NICH). KCCI President, Mian Abrar Ahmed announced on
Published 09 Feb, 2012 12:00am
Research-based agriculture project initiated with Chinese help

Research-based agriculture project initiated with Chinese help

Chamber of Agriculture Karachi Sindh (CAKS) has initiated research based agriculture project in Sindh to boost agricultural products in the province. President of CAKS Abduillah Rafi said that the research-based project has been prepared taking benefit of
Published 09 Feb, 2012 12:00am
FUUAST notification

FUUAST notification

The B.A., B.Com., annual examination of the Federal Urdu University of Arts, Science and Technology (FUUAST) for the private candidates will begin from February 14. An announcement to this effect was made by an official of the FUUAST on Wednesday. It has
Published 09 Feb, 2012 12:00am
Severe cold likely to prevail

Severe cold likely to prevail

The met office on Wednesday said that severe cold wave is likely to prevail over most parts of the country in the next 24 hours. It said Balochistan and Sindh provinces would be the most affected provinces from the fresh cold wave. It said, however, dry w
Published 09 Feb, 2012 12:00am
Profit after tax of Nestle Pakistan increases

Profit after tax of Nestle Pakistan increases

The profit after tax of Nestle Pakistan Limited has increased by 13.5 percent to Rs 4.668 billion in the year ended December 31, 2011 as compared to Rs 4.112 billion earned in the corresponding period in 2010. The company's earning per share increased to
Published 09 Feb, 2012 12:00am
Profit after tax of Nestle Pakistan increases

Profit after tax of Nestle Pakistan increases

The profit after tax of Nestle Pakistan Limited has increased by 13.5 percent to Rs 4.668 billion in the year ended December 31, 2011 as compared to Rs 4.112 billion earned in the corresponding period in 2010. The company's earning per share increased to
Published 09 Feb, 2012 12:00am
Annual job fair at SZABIST from tomorrow

Annual job fair at SZABIST from tomorrow

The Annual Job Fair 2012 is to be held at Shaheed Zulfikar Ali Bhutto Institute of science and Technology (SZABIST) from February 10. An official of the institution said here on Wednesday that around 30 well-known companies will be participating in the tw
Published 09 Feb, 2012 12:00am
UBL Funds launch 'Tele-Transact' service

UBL Funds launch 'Tele-Transact' service

UBL Fund Managers, one of the leading asset management companies in Pakistan announced the launch of its latest value-added service for clients, called UBL Funds "Tele-Transact". This service will allow UBL Funds clients place transactions in their invest
Published 09 Feb, 2012 12:00am
UBL Funds launch 'Tele-Transact' service

UBL Funds launch 'Tele-Transact' service

UBL Fund Managers, one of the leading asset management companies in Pakistan announced the launch of its latest value-added service for clients, called UBL Funds "Tele-Transact". This service will allow UBL Funds clients place transactions in their invest
Published 09 Feb, 2012 12:00am
Judges are not legislators

Judges are not legislators

Justice Jackson of the US Supreme Court remarked that the apex court is not final because it is infallible, but it is infallible because it is final. What it implies is that the decisions of the Supreme Court are final and binding until they are reviewed
Published 09 Feb, 2012 12:00am
Enforcement of foreign judgements in Pakistan

Enforcement of foreign judgements in Pakistan

This paper examines the issue relating to the enforceability of foreign judgements in Pakistan. In the existing law, there are two categories of judgements, one passed by the courts of reciprocating states and the other by non-reciprocating states. The ju
Published 09 Feb, 2012 12:00am
VIEWPOINT: America and its drone strikes

VIEWPOINT: America and its drone strikes

Last week US President Barack Obama publicly confirmed what we have known all along: that the US' Predator drones have been targeting Taliban and al Qaeda militants in Pakistan and Yemen. We also know that this has been happening under a secret understand
Published 09 Feb, 2012 12:00am
Nasheed goes, democracy survives

Nasheed goes, democracy survives

Unlike the military dictators, the democratically elected civilian leaders have to carry the heavy cross of their rosy promises on coming to power, of which many being too pompous and unrealistic are never met. Mohammad Nasheed was one such leader who res
Published 09 Feb, 2012 12:00am
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