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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-04-13
Oil cake market rates

Oil cake market rates

The May vaida was lower and the July contract was unchanged on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The May vaida that had closed at Rs 785.90 opened with 20 paisa fall at Rs 785.70. The July contract whic
Published 13 Apr, 2012 12:00am
Spot rate raised by Rs 100 amid improved business on cotton market

Spot rate raised by Rs 100 amid improved business on cotton market

Official spot rate closed higher by Rs 100 as mills and exporters increased buying to meet the near-term requirements, dealers said on the cotton market on Thursday. Official spot rate was raised by the Karachi Cotton Association (KCA) by Rs 100 to Rs 560
Published 13 Apr, 2012 12:00am
Canadian canola futures ease

Canadian canola futures ease

ICE Canadian canola futures eased on Wednesday for the first time in five sessions, as buying interest dried up with prices near contract highs, traders said. Canola outperformed soybeans a day earlier and Wednesday's slip was seen as a modest correction.
Published 13 Apr, 2012 12:00am
Grams prices turn lower on grain market

Grams prices turn lower on grain market

Grams prices were lower on the wholesale grain market on Thursday, dealeRs said. On the grams sector, Australian No. 1 gram shed Rs 100 to Rs 7000-7300, Australia No.1 dal lost the same amount to Rs 8400-8700, Canadian yellow peas also fell by Rs 100 to R
Published 13 Apr, 2012 12:00am
Rates continue to rise on cotton market

Rates continue to rise on cotton market

Cotton rates in Pakistan have been rising continuously since last week or ten days. The prices of higher grade lint have moved up by Rs 500 to Rs 600 per maund (37.32 Kgs), while the rate of lower grades increased by Rs 300 to Rs 400 per maund. With the a
Published 13 Apr, 2012 12:00am
Rates continue to rise on cotton market

Rates continue to rise on cotton market

Cotton rates in Pakistan have been rising continuously since last week or ten days. The prices of higher grade lint have moved up by Rs 500 to Rs 600 per maund (37.32 Kgs), while the rate of lower grades increased by Rs 300 to Rs 400 per maund. With the a
Published 13 Apr, 2012 12:00am
Khan too one-dimensional, says Peterson

Khan too one-dimensional, says Peterson

British boxer Amir Khan is too one-dimensional to change his gameplan for the May re-match against Lamont Peterson in Las Vegas, the American fighter said Thursday. The 25-year-old Englishman will face Peterson on May 19 in Las Vegas for the International
Published 13 Apr, 2012 12:00am
IPL viewing figures dip in opening week

IPL viewing figures dip in opening week

Television ratings have nose-dived for the opening games of the much-hyped Indian Premier League this season, according to figures released on Thursday Television Viewer Ratings (TVR) were down 18.7 percent in the first six games compared with the same pe
Published 13 Apr, 2012 12:00am
Ronaldo hat-trick keeps Real in control

Ronaldo hat-trick keeps Real in control

A Cristiano Ronaldo hat-trick fired Real Madrid to a 4-1 derby win at Atletico Madrid on Wednesday to restore their four-point cushion over Barcelona at the top of the Primera Liga. Ronaldo opened after 25 minutes with Falcao getting the equaliser for Atl
Published 13 Apr, 2012 12:00am
England jealous of IPL, says Pietersen

England jealous of IPL, says Pietersen

Jealousy could be the reason for negative attitudes in England towards the cash-rich Indian Premier League (IPL), England batting star Kevin Pietersen has said. The Twenty20 IPL was an instant hit when it began in 2008 as a mix of glamour, entertainment a
Published 13 Apr, 2012 12:00am
Spain's Lopez wins Houston debut

Spain's Lopez wins Houston debut

Feliciano Lopez, ranked 15th in the world, won his Houston debut on Wednesday, beating Paolo Lorenzi 6-4, 7-6 (7/4) to reach the quarter-finals of the ATP Tour US Men's Clay Court Championship. Lopez, seeded third, belted 13 aces past Italy's Lorenzi to s
Published 13 Apr, 2012 12:00am
86th annual Sports Gala organised

86th annual Sports Gala organised

Punjab University Hailey College of Commerce (HCC) organised its 86th annual sports gala. College Principal Prof Dr Liaqat Ali alongwith test cricketer Adnan Akmal distributed trophies, certificates etc, among position holders.
Published 13 Apr, 2012 12:00am
United suffer loss as victorious City cut gap

United suffer loss as victorious City cut gap

When Alex Ferguson says Manchester United deserved to lose, his charges really have put on a poor display but whether Wednesday's 1-0 loss at lowly Wigan Athletic has really opened up the Premier League title race remains to be seen.
Published 13 Apr, 2012 12:00am
Australia beat West Indies in thriller

Australia beat West Indies in thriller

Australia drew first blood here on Wednesday beating the West Indies by three wickets in a thrilling finish to the first Test. Ben Hilfenhaus hit the final run of the 192 run target with the light fading fast to give the tourists victory after the hosts h
Published 13 Apr, 2012 12:00am
Taluka, UC-level staff asked to play role in polio drive

Taluka, UC-level staff asked to play role in polio drive

The Deputy Commissioner Hyderabad Agha Shahnawaz Babar has directed health officers to make Union Council Secretaries, Tapedars and other revenue staff to involve in polio eradication campaign and to ensure every child could be vaccinated. This he directe
Published 13 Apr, 2012 12:00am
Over a dozen workers kidnapped in Sui

Over a dozen workers kidnapped in Sui

Unidentified armed men on Thursday kidnapped over dozen employees of a local company working in the Sui area of Balochistan. "Armed men whisked away the employees of a company engaged in the construction work in the Sui area to unknown destination," Levis
Published 13 Apr, 2012 12:00am
25 high-profile suspects arrested

25 high-profile suspects arrested

Sindh police on Thursday thwarted a terrorism bid in the city as some 25 high-profile suspects were detained and heavy quantity of weapons were recovered in separate raids at various parts of the metropolis here.
Published 13 Apr, 2012 12:00am
PIA wins Euromoney Air Finance Journal's Asia deal of year

PIA wins Euromoney Air Finance Journal's Asia deal of year

Pakistan International Airlines US $100 million Islamic, IATA receivables-backed syndicated transaction has won the Euromoney Air Finance Journal's Asia Deal of the Year. The facility was arranged by Abu Dhabi Islamic Bank, Al Hilal Bank, Citibank N.A., a
Published 13 Apr, 2012 12:00am
'Notorious' Lyari gangster held, claims police

'Notorious' Lyari gangster held, claims police

Crime Branch-I of Sindh police on Thursday claimed to have arrested a notorious Lyari gangster during raid at Bulbul Hazaar Dastan Building located in old City area. According to SSP Crime Branch Farooq Awan, the team on a tip-off conducted raid at the sa
Published 13 Apr, 2012 12:00am
Flood-hit farmers: PVDP distributes agriculture inputs

Flood-hit farmers: PVDP distributes agriculture inputs

As many as 16,000 farmers in the flood-hit Mohibanda union council in Nowshera district were given agricultural inputs, including fertilizer, instruments and seeds of wheat, maize and vegetables. The inputs were distributed on Thursday by Pakistan Village
Published 13 Apr, 2012 12:00am
32 held as paramedics protest non-payment of salaries

32 held as paramedics protest non-payment of salaries

Police on Thursday detained some 32 persons and resorted to baton charging and shelling teargas when the paramedical staff of different hospitals tried to block M A Jinnah Road to stage protest demonstration for the acceptance of their demands.
Published 13 Apr, 2012 12:00am
PTCL conducts town marketing campaign

PTCL conducts town marketing campaign

Pakistan Tele-communication Company Limited (PTCL) recently conducted a creative town marketing campaign in Sindh province to reach its valuable customers. The "PTCL Town Storming" campaign spread awareness about the company's exciting products and servic
Published 13 Apr, 2012 12:00am
Standard Chartered Bank appoints Caroline as head of HR

Standard Chartered Bank appoints Caroline as head of HR

Standard Chartered Bank (Pakistan) Limited announced the appointment of Caroline Abbassy as the head of human resources (HR). In her new role, Caroline will be responsible for the strategy, development and management of the Bank's Human Resources in Pakis
Published 13 Apr, 2012 12:00am
US to give BP evidence on size of Gulf oil spill

US to give BP evidence on size of Gulf oil spill

BP Plc will gain access to US government documents that may shed light on the size of the 2010 Deepwater Horizon oil spill in the Gulf of Mexico, a crucial issue in determining the oil company's liability.
Published 13 Apr, 2012 12:00am
Biggest environment satellite goes silent

Biggest environment satellite goes silent

The European Space Agency said Thursday it had lost contact with Envisat, the biggest Earth-monitoring satellite in history. Designed to operate for only five years, Envisat was launched in March 2002, carrying 10 instruments to monitor the planet's ocean
Published 13 Apr, 2012 12:00am
Gujarat riot: Indian court sentences 18 to life imprisonment

Gujarat riot: Indian court sentences 18 to life imprisonment

An Indian court Thursday sentenced 18 people to life imprisonment for murder during sectarian riots in the western state of Gujarat in 2002. Twenty-three Muslims were burnt to death in Ode village in Anand district after the rioters set fire to a building
Published 13 Apr, 2012 12:00am
India's Maoist rebels release Italian hostage

India's Maoist rebels release Italian hostage

India's Maoist rebels on Thursday released an Italian hostage held for more than three weeks after authorities agreed to release Maoist prisoners, officials in the eastern state of Orissa said.
Published 13 Apr, 2012 12:00am
US state legislature approves death penalty repeal

US state legislature approves death penalty repeal

After years of failed attempts to repeal the death penalty, Connecticut lawmakers have passed legislation that abolishes the punishment for all future cases. As expected, members of the House of Representatives voted in favor of the bill, 86 to 62, after
Published 13 Apr, 2012 12:00am
Microsoft wins its biggest cloud computing client

Microsoft wins its biggest cloud computing client

Microsoft announced its biggest-ever customer for cloud computing - software that it hosts on behalf of clients and delivers over the Internet - after winning a contract to provide free services to a major Indian education body.
Published 13 Apr, 2012 12:00am
China deletes thousands of online posts over 'rumours'

China deletes thousands of online posts over 'rumours'

China has closed 42 websites and deleted more than 210,000 posts since mid-March in a crackdown on online "rumours", state media said Thursday, as a major political scandal rocked the country. The announcement on the official Xinhua news agency came as Ch
Published 13 Apr, 2012 12:00am
French presidential rivals spar over markets

French presidential rivals spar over markets

Socialist presidential frontrunner Francois Hollande accused Nicolas Sarkozy on Thursday of encouraging market speculation for electoral gain, after the president said victory for Hollande could spur a crisis of confidence in France.
Published 13 Apr, 2012 12:00am
Long queues as Eiffel Tower lifts out of order

Long queues as Eiffel Tower lifts out of order

Eiffel Tower visitors face longer queues than usual to ride to the top, as two of its three public elevators are out of order during the busy spring season, the tower's operating company said.
Published 13 Apr, 2012 12:00am
UAE recalls envoy from Iran in row over Gulf island

UAE recalls envoy from Iran in row over Gulf island

The UAE has recalled its ambassador to Tehran for consultations after what it called a "flagrant violation" of its sovereignty by Iranian President Mahmoud Ahmadinejad, who visited a Gulf island claimed by both countries. Iranian state news agency IRNA re
Published 13 Apr, 2012 12:00am
Sudan warplanes launch first attack on South Sudan town

Sudan warplanes launch first attack on South Sudan town

Sudanese warplanes launched their first attack on a major South Sudanese town on Thursday, with five bombs dropped on the capital of the oil-producing Unity border state, Southern officials said. "They dropped bombs in Bentiu town - apparently they were a
Published 13 Apr, 2012 12:00am
Indonesia is model for Muslims: Cameron

Indonesia is model for Muslims: Cameron

Indonesia's respect for democracy and minority religious groups should serve as an example for other Muslim nations, British Prime Minister David Cameron said in a speech to be delivered on Thursday.
Published 13 Apr, 2012 12:00am
Education fair held at FC College

Education fair held at FC College

A US funded South Asian US College education fair tour made a two-day stop in Lahore. The education fair was held from April 11-12 at Forman Christian College (FCC) and featured four representatives from US higher education institutions.
Published 13 Apr, 2012 12:00am
Number of cardiac patients at PIC on the rise

Number of cardiac patients at PIC on the rise

Due to rapid increase in hypertension and cardiac diseases, the turnover of cardiac patients in the Punjab Institute of Cardiology (PIC) has increased manifold. Despite the fact that 2200 open heart surgeries have been performed in one year in PIC, there
Published 13 Apr, 2012 12:00am
LCCI urges SBP to reduce policy rate to single digit

LCCI urges SBP to reduce policy rate to single digit

The Lahore Chamber of Commerce and Industry (LCCI) on Thursday sent an SOS to the State Bank of Pakistan pleading it to save the national economy and industry by bringing its policy rates to single digit reducing it by 250 to 300 basis points.
Published 13 Apr, 2012 12:00am
APCA organises protest rally

APCA organises protest rally

All Pakistan Clerks Association (APCA), Multan on Thursday organised a rally to protest the non-approval of timescale formula. They marched on the roads, burnt tyres to block the traffic. Some of them were shirtless and they had put garlands of breads to
Published 13 Apr, 2012 12:00am
PML-N chief to visit Siachen soon

PML-N chief to visit Siachen soon

Pakistan Muslim League-Nawaz (PML-N) Chief Mian Muhammad Nawaz Sharif will visit Siachen in next few days. In a statement, the PML-N chief said the whole country was praying for lives of soldiers. He highly appreciated soldiers of Pak Army and their brave
Published 13 Apr, 2012 12:00am
Indian and Thai media teams visit PU

Indian and Thai media teams visit PU

Punjab University, Vice Chancellor, Prof Dr Mujahid Kamran, has said that the US rulers who had imposed wars on the mankind must be charged with war crimes.
Published 13 Apr, 2012 12:00am
Dell, Intel launch first experience store

Dell, Intel launch first experience store

Dell and Intel Pakistan on Thursday jointly launched their first experience store in Pakistan. The new store will showcase Dell's latest technologies including notebooks, desktops and servers powered by Intel processors, as well as LCDs, accessories and o
Published 13 Apr, 2012 12:00am
Hong Kong, Chinese stocks up

Hong Kong, Chinese stocks up

Hong Kong shares recovered on Thursday and snapped a three-day losing streak helped by a rebound in Shanghai markets on optimism about easier monetary policy in China and a better-than-expected economic outlook.
Published 13 Apr, 2012 12:00am
Seoul stocks fall

Seoul stocks fall

South Korean stocks fell on Thursday, battered by the heaviest foreign selling since early March, but managed to pare early losses that had driven the benchmark index to one-month lows. The Korea Composite Stock Price Index (KOSPI) fell 0.4 percent to clo
Published 13 Apr, 2012 12:00am
Indian shares gain

Indian shares gain

Indian shares rose on Thursday, after weaker-than-expected growth in industrial output data sparked expectations for an interest rate cut next week, boosting lenders such as ICICI. India's industrial production grew at a slower-than-expected 4.1 percent p
Published 13 Apr, 2012 12:00am
Thursday's afternoon trade: stocks rise over 1pc

Thursday's afternoon trade: stocks rise over 1pc

US stocks rose more than 1 percent on Thursday as lower Italian bond yields eased some euro-zone concerns and rumours about China's strong GDP growth bolstered investors' appetite for risk.
Published 13 Apr, 2012 12:00am
US stocks rebound

US stocks rebound

An encouraging start to earnings season helped US stocks rebound on Wednesday from five days of losses that pushed the S&P 500 below a key technical level. Equities cut gains late in the session after the Federal Reserve said rising energy costs were a co
Published 13 Apr, 2012 12:00am
Taiwan stocks flat

Taiwan stocks flat

Taiwan stocks ended little changed in cautious trading on Thursday as investors waited for the Finance Ministry to lay out details of a capital gains tax on stock investments later in the day.
Published 13 Apr, 2012 12:00am
Treasuries decline

Treasuries decline

US Treasury debt prices fell on Wednesday, giving back much of the previous day's gains as diminished worries over Europe's fiscally troubled countries and new Treasury supply weighed on the market.
Published 13 Apr, 2012 12:00am
Treasuries decline

Treasuries decline

US Treasury debt prices fell on Wednesday, giving back much of the previous day's gains as diminished worries over Europe's fiscally troubled countries and new Treasury supply weighed on the market.
Published 13 Apr, 2012 12:00am
Australian shares soar

Australian shares soar

Australian shares rose 0.8 percent on Thursday, revived by a surge in jobs that lifted retailers while steadier copper prices helped miners. Data showed Australian employment jumped 44,000 in March, trouncing expectations for a rise of 6,000 and sending t
Published 13 Apr, 2012 12:00am
Nikkei snaps worst losing streak

Nikkei snaps worst losing streak

Japan's Nikkei average broke a seven-session losing streak on Thursday, boosted by big programme buying by hedge funds, which pushed the index to above 9,500, triggering short covering and accelerating the move higher, market participants said.
Published 13 Apr, 2012 12:00am
Egypt's bourse gains; most Gulf markets higher

Egypt's bourse gains; most Gulf markets higher

Telecom stocks lifted Egypt's bourse for a second day on Thursday after France Telecom finalised a deal to buy most of Orascom Telecom Media and Technology's (OTMT) stake in Mobinil, and most Gulf bourses also rose.
Published 13 Apr, 2012 12:00am
SE Asian markets: Thai stocks outperform

SE Asian markets: Thai stocks outperform

Stocks in Thailand and the Philippines snapped four-day losing streaks in light volume on Thursday along with positive sentiment across Southeast Asia as investors bought beaten-down blue chips and resource shares. Thailand's benchmark SET index climbed 1
Published 13 Apr, 2012 12:00am
Miners spur rally in European shares

Miners spur rally in European shares

European shares enjoyed a late-session rally on Thursday, with mining stocks propelling the index to a one-week closing high on trader talk that Chinese growth data could come in better than expected on Friday.
Published 13 Apr, 2012 12:00am
China's GDP talk boosts FTSE to one-week high

China's GDP talk boosts FTSE to one-week high

Britain's top share index hit a one-week closing high on Thursday as mining stocks jumped on market talk that China, the world's biggest metals consumer, could report strong economic growth numbers on Friday.
Published 13 Apr, 2012 12:00am
French rich look to London as tax fears grow

French rich look to London as tax fears grow

The plushest neighbourhoods of central London are attracting increased interest from a new wave of super-rich migrants from France, scared by a rising tide of tax threats from presidential candidates as the election campaign comes to a climax.
Published 13 Apr, 2012 12:00am
Interim Mali leader promises vote, anti-rebel fight

Interim Mali leader promises vote, anti-rebel fight

Former parliament speaker Dioncounda Traore took over as Mali's interim president on Thursday from the leaders of last month's coup, promising to hold elections and fight rebels occupying half the country.
Published 13 Apr, 2012 12:00am
India launches trade dispute

India launches trade dispute

India has launched a trade dispute to challenge US duties on certain steel products, the World Trade Organisation said on its website on Thursday. The WTO gave no details but said India had "requested consultations" with the United States - the first stag
Published 13 Apr, 2012 12:00am
Philippines pulls warship from China stand-off

Philippines pulls warship from China stand-off

The Philippines pulled its biggest warship away from a standoff with Chinese vessels Thursday, but said the dispute was far from over with both nations deploying more non-military boats to the area.
Published 13 Apr, 2012 12:00am
Helicopter lands on apartment rooftop in India

Helicopter lands on apartment rooftop in India

A trainee helicopter pilot made an emergency landing on the rooftop of an apartment building in a busy residential district in southern India on Thursday after developing engine trouble. Residents of Byappanahalli area in Bangalore said they were shocked
Published 13 Apr, 2012 12:00am
Suicide bomber kills 5

Suicide bomber kills 5

At least five people, including three civilians, were killed late Thursday when a suicide bomber struck in northern Afghanistan, police said. The attack in Kunduz city was the latest in a wave of violence recently that has left dozens of Afghan civilians
Published 13 Apr, 2012 12:00am
Australian minister in Afghan rocket scare

Australian minister in Afghan rocket scare

Australian Defence Minister Stephen Smith was caught in a dramatic scare in war-torn Afghanistan when rockets were fired as his plane sat on the tarmac at Kandahar air base, he said Thursday. But Smith, who was in Afghanistan to discuss Canberra's propose
Published 13 Apr, 2012 12:00am
No Afghan 'security vacuum' after 2014: Nato chief

No Afghan 'security vacuum' after 2014: Nato chief

Nato will not leave a "security vacuum" in Afghanistan after its troops pull out in 2014, Secretary General Anders Fogh Rasmussen pledged Thursday. "Our goal is an Afghanistan with its security provided by its own people and this goal has not changed," he
Published 13 Apr, 2012 12:00am
Death penalty for cursing God, Prophet

Death penalty for cursing God, Prophet

Kuwait's parliament on Thursday provisionally passed amendments to the Gulf state's penal code stipulating the death penalty for those who curse God, Islam's Prophet Mohammed (PBUH) or his wives. Forty-six MPs, including cabinet ministers, voted for the k
Published 13 Apr, 2012 12:00am
KFC Thailand in earthquake promotion apology

KFC Thailand in earthquake promotion apology

KFC Thailand apologised on Thursday for a post on its Facebook page urging Thais to hurry home and monitor earthquake news with a promotional bucket of chicken as tsunami fears gripped the nation. While people in coastal areas rushed to reach higher groun
Published 13 Apr, 2012 12:00am
Tsunami alerts pass Indonesia quake test, with luck

Tsunami alerts pass Indonesia quake test, with luck

It was not like December 2004. Sirens wailed, warnings blared and police moved millions of people away from coastlines around the Indian Ocean as Wednesday's 8.6 magnitude earthquake off northern Indonesia sparked fears of another devastating tsunami.
Published 13 Apr, 2012 12:00am
Suspicious package prompts New York office evacuation

Suspicious package prompts New York office evacuation

An office tower near New York's World Trade Center was evacuated Thursday after discovery of what police said was a suspicious package. "It's a suspicious package. It's under investigation," a spokeswoman for the New York Police Department said.
Published 13 Apr, 2012 12:00am
Russia probes landmark Chinese oil deal

Russia probes landmark Chinese oil deal

Russia's General Prosecutor has launched an investigation into a 2009 oil-for-loans deal with China in which state-controlled energy giants Rosneft and Transneft borrowed $25 billion, the Vedomosti daily reported on Thursday.
Published 13 Apr, 2012 12:00am
Meezan Bank hosts Amana Bank meeting

Meezan Bank hosts Amana Bank meeting

The Meezan Bank hosted the Shariah Supervisory Council meeting of the Sri Lanka-based Amana Bank at its head office, a press release said on Thursday. Supported by the bank's product development and Shariah compliance team, the board's meeting was precede
Published 13 Apr, 2012 12:00am
Tanners concerned over live animals' export

Tanners concerned over live animals' export

Tanners expressed concern over the government's move to allow the export of live animals to Iran and Afghanistan, a press release said on Thursday. Reacting over reports published in a number of newspapers, Chairman of the Pakistan Tanners Association (PT
Published 13 Apr, 2012 12:00am
NIT sets up kiosks at branches

NIT sets up kiosks at branches

National Investment Trust (NIT) is actively engaged in promotion of its funds extensively and informative kiosks are being organised at provincial and federal capital level by local NIT branches to introduce and familiarise potential customers with the ra
Published 13 Apr, 2012 12:00am
USAID-funded literacy project launched

USAID-funded literacy project launched

The National Reading Programme was jointly launched at the Government Girls' Primary/Secondary School in Sultanabad in Karachi on Thursday by Administrator of the US Agency for International Development (USAID) Dr Rajiv Shah and Sindh's Senior Minister fo
Published 13 Apr, 2012 12:00am
Engro cuts DAP price to Rs 3,600 a bag

Engro cuts DAP price to Rs 3,600 a bag

Engro Fertiliser Ltd on Thursday reduced DAP prices by Rs150 to Rs3,600 per bag, attributing the cut to a decline in international prices and weak domestic demand. According to a senior analyst at KASB Securities, Shagufta Irshad Khurram, Engro had slashe
Published 13 Apr, 2012 12:00am
CNG stations in Sindh to remain closed on Saturday

CNG stations in Sindh to remain closed on Saturday

All CNG stations in Sindh province will remain closed from 09:00am on Saturday, April 14, 2012 to 09:00am on Sunday, April 15, 2012 for 24 hours under the agreed 'gas load management programme'. This was announced by Sui Southern Gas Company (SSGC) here o
Published 13 Apr, 2012 12:00am
Thar coal: UK-based mining firm to begin work next month

Thar coal: UK-based mining firm to begin work next month

The pre-development ground work for a coal mine in Thar will start from May this year, CEO of UK-based Oracle Coalfields Shahrukh Khan said on Thursday. He was briefing a meeting presided over by Sindh's Chief Minister Syed Qaim Ali Shah at the Chief Mini
Published 13 Apr, 2012 12:00am
CDGL begins survey to identify industrial units in residential areas

CDGL begins survey to identify industrial units in residential areas

City District Government Lahore (CDGL) has started survey of identification of industrial units in residential areas of provincial capital. According to an official on Thursday, the survey has started on the direction of District Co-ordination Officer (DC
Published 13 Apr, 2012 12:00am
KCCI demands repeal of SRO 191

KCCI demands repeal of SRO 191

President, Karachi Chamber of Commerce and Industry (KCCI) Mian Abrar Ahmad has urged the Chairman FBR to immediately rescind/ suspend SRO 191(I)/2012 till budget in the larger interest of the country and de-block the FBR's GST Filing Portal to allow regi
Published 13 Apr, 2012 12:00am
Sterling surges to 19-month peak

Sterling surges to 19-month peak

Sterling surged to a 19-month peak on a trade-weighted basket of currencies on Thursday, posing risks to exports and the British government's aim to rebalance the economy. Trade-weighted sterling rose to 82.4, its highest since August 2010 according to Ba
Published 13 Apr, 2012 12:00am
Yen off peaks; Aussie $ climbs in Asia

Yen off peaks; Aussie $ climbs in Asia

The safe-haven yen pulled away from multi-week peaks against major currencies on Thursday after the European Central Bank official hinted at the possibility of more bond-buying, but an upcoming Italian debt sale posed more risks to jittery markets. The Au
Published 13 Apr, 2012 12:00am
Euro rises in London

Euro rises in London

The euro rose to a one-week high against the dollar on Thursday, helped by Italian government bonds holding their ground despite tepid demand at bond auctions, but unresolved worries about eurozone sovereign debtors are likely to limit gains.
Published 13 Apr, 2012 12:00am
Early trade in New York: euro hits one-week high versus dollar

Early trade in New York: euro hits one-week high versus dollar

The euro rose against the dollar for a second straight day on Thursday, hitting a one-week high on a dip in benchmark Italian and Spanish bond yields, but lingering concerns about the euro zone debt crisis should keep gains contained.
Published 13 Apr, 2012 12:00am
Euro moves up in New York

Euro moves up in New York

The euro rose against the dollar and the yen on Wednesday as an ECB policymaker raised the possibility of more bond-buying, but the single currency traded within recent ranges as investors stayed cautious about the European debt crisis. Investors have rec
Published 13 Apr, 2012 12:00am
Swiss franc up

Swiss franc up

The Swiss franc ticked slightly higher against the euro and dollar on Thursday, as investors favoured the safe-haven currency ahead of an Italian bond sale later in the day. The Swiss franc is trading within striking distance of the 1.20 cap imposed by th
Published 13 Apr, 2012 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee fell on Thursday, erasing earlier gains, weighed by dollar demand from local oil refiners and on continued concerns over foreign portfolio flows. However, expectations for a rate cut from the Reserve Bank of India next week after much wea
Published 13 Apr, 2012 12:00am
Singapore dollar rises

Singapore dollar rises

The Singapore dollar rose on Thursday as some investors bet on a possible hawkish stance by the central bank in its policy meeting this week, while most emerging Asian currencies gained despite caution before China's growth data.
Published 13 Apr, 2012 12:00am
Aussie $ climbs

Aussie $ climbs

The Australian dollar climbed to its highest in a week against the greenback and its New Zealand counterpart on Thursday after an unexpectedly strong jobs report prompted markets to trim bets of deep rate cuts. The Aussie dollar rose 0.8 percent to $1.038
Published 13 Apr, 2012 12:00am
Yuan unchanged

Yuan unchanged

The yuan was virtually unchanged on Thursday as the market appears to have reached a consensus on the currency's value, reinforced by a series of relatively stable central bank midpoints. The central bank set the Thursday midpoint at 6.2984, 34 pips stron
Published 13 Apr, 2012 12:00am
Pakistan, Cuba to strengthen ties in various fields

Pakistan, Cuba to strengthen ties in various fields

Cuba and Pakistan would strengthen their ties in the fields of commerce, biotechnology, health, education, agriculture and curb dengue epidemic, said Cuba Ambassador to Pakistan Jesus Zenen Buergo Concepcion on Thursday.
Published 13 Apr, 2012 12:00am
Haqqani asked to submit inventory of assets

Haqqani asked to submit inventory of assets

The judicial Commission investigating the Memogate scandal on Thursday adjourned the hearing of the case till April 26 and again directed former ambassador to US Hussain Haqqani to appear before the commission with an inventory of his property assets, Bla
Published 13 Apr, 2012 12:00am
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