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Print - 2012-06-02
Former minister's son gunned down in Quetta

Former minister's son gunned down in Quetta

Son of former provincial minister and Jamiat Ulema-e-Islam leader was shot dead here on Friday. Police claimed to have arrested two suspects who were involved in the killing. The police said that the incident took place on Spini road when the two armed op
Published 02 Jun, 2012 12:00am
Japanese cultural programme organised

Japanese cultural programme organised

Hamdard Public School (HPS) and the Consulate General of Japan at Karachi (Japan Cultural Centre) jointly held an informative programme about the culture of Japan in Madinat-al-Hikmah. This programme took place at the auditorium of the Bait-al-Hikmah.
Published 02 Jun, 2012 12:00am
CIMA Forum to be held on June 7

CIMA Forum to be held on June 7

Speaking on the background to the forum, CIMA County Head, Javaria Hassan said the topic was based on the grave national interest and impact it has on Pakistan. Economic power bases are moving East, in our direction, and in these circumstances are we read
Published 02 Jun, 2012 12:00am
Zardari invited to attend NAM Summit in Tehran

Zardari invited to attend NAM Summit in Tehran

Foreign Minister of Iran Dr Ali Akbar Salehi called on President Asif Ali Zardari at Bilawal House here on Friday and extended invitation to the President to participate in the 16th NAM Summit to be held in Tehran in August 2012. Dr Ali Akbar Salehi was a
Published 02 Jun, 2012 12:00am
Tribal clash leaves one dead, three injured

Tribal clash leaves one dead, three injured

A man from Umrani tribe was killed; while three others sustained bullet injuries in an armed clash between two groups belonging to Brohi and Umrani tribes at village Shah Nawaz Umrani within the jurisdiction of Nabi Shah Wagan police station, Taluka Garhi
Published 02 Jun, 2012 12:00am
Meezan Bank holds award ceremony

Meezan Bank holds award ceremony

Meezan Bank - Pakistan's first and largest Islamic commercial bank acknowledged Athar Ali Khan for his winning the World of Betters global contest by Western Union. World of Betters (worldofbetters.com) is a global contest held by Western Union in which c
Published 02 Jun, 2012 12:00am
Meezan Bank holds award ceremony

Meezan Bank holds award ceremony

Meezan Bank - Pakistan's first and largest Islamic commercial bank acknowledged Athar Ali Khan for his winning the World of Betters global contest by Western Union. World of Betters (worldofbetters.com) is a global contest held by Western Union in which c
Published 02 Jun, 2012 12:00am
KSE receives corporate membership application

KSE receives corporate membership application

The Karachi Stock Exchange (KSE) has received corporate membership application from M/s Fortress Financial Services (Private) Limited Karachi. According to a notice issued here on Friday, the corporate membership application was received on the nomination
Published 02 Jun, 2012 12:00am
Thatta Cement: investment for legal entity in Sri Lanka approved

Thatta Cement: investment for legal entity in Sri Lanka approved

Thatta Cement Company Limited has approved an investment of seed capital for the formation and registration of a legal entity in Sri Lanka and obtaining necessary regulatory approvals and licenses for a cement grinding, storing and packing plant in Sri La
Published 02 Jun, 2012 12:00am
The Budget

The Budget

As federal finance minister Dr Abdul Hafeez Sheikh rose to present the federal budget for fiscal year 2012-13, history was being made; it was the first time that a government was presenting the federal budget for the fifth time in a row. This phenomeno
Published 02 Jun, 2012 12:00am
The Budget

The Budget

As federal finance minister Dr Abdul Hafeez Sheikh rose to present the federal budget for fiscal year 2012-13, history was being made; it was the first time that a government was presenting the federal budget for the fifth time in a row. This phenomenon i
Published 02 Jun, 2012 12:00am
Justice Sheikh Azmat takes oath as Supreme Court judge

Justice Sheikh Azmat takes oath as Supreme Court judge

Justice Sheikh Azmat Saeed took oath on Friday as the permanent judge of the Supreme Court (SC). Chief Justice of Pakistan (CJP) Iftikhar Muhammed Chaudhry administered oath to him in an oath-taking ceremony held at the apex court premises. Various dignit
Published 02 Jun, 2012 12:00am
Economists term budget unrealistic

Economists term budget unrealistic

Economists on Friday termed Fiscal Budget 2012-2013 an ambitious but unrealistic, saying that the budgetary estimates are unlikely to be achieved. "This is an unrealistic budget for the country's ailing economy and there are no incentives for the general
Published 02 Jun, 2012 12:00am
Rs 12.76 billion allocated for Ministry of Foreign Affairs

Rs 12.76 billion allocated for Ministry of Foreign Affairs

The government has proposed to allocate a total of Rs 12.76 billion for Ministry of Foreign Affairs in the federal budget 2012-2013 against outgoing fiscal year's revised estimate of Rs 12.14 billion. The break-up of the budgetary allocations include: Rs
Published 02 Jun, 2012 12:00am
Rs 47 billion earmarked for education

Rs 47 billion earmarked for education

The government has earmarked Rs 47,874 million for education affairs and services in the federal budget for 2012-13 against the revised allocation of Rs 39,513 million for the current year. An amount of Rs 15.8 billion has been earmarked in Public Sector
Published 02 Jun, 2012 12:00am
Budget evokes mixed reaction from business community

Budget evokes mixed reaction from business community

The initial reaction of traders and industrialists, who gathered at the Federation House here on Friday, on the budget 2012-13 was a mix between outright criticism and appreciation. Some of them approached by this correspondent expressed disappointment ov
Published 02 Jun, 2012 12:00am
Health outlay up 196.5 percent at Rs 7.8 billion

Health outlay up 196.5 percent at Rs 7.8 billion

The federal government has budgeted Rs 7.8 billion for health affairs and services in budget 2012-13 that is 196.5 percent higher than the revised budgetary estimates for 2011-12. Federal Budget 2012-13 denoted that allocations for health affairs and serv
Published 02 Jun, 2012 12:00am
Duty on scrap tyres cut to 10 percent

Duty on scrap tyres cut to 10 percent

The federal government has announced reduction in import duty on scrap of tyres and rubbers by 50 percent aimed at encouraging its use as alternate fuel in the cement industry. Importers can now import scrap of tyres and rubbers by paying only 10 percent
Published 02 Jun, 2012 12:00am
It's an election year budget: analyst

It's an election year budget: analyst

In the back-drop of upcoming election, the Federal Budget FY13 is prepared keeping populous measure in mind with overall expansionary theme which may fuel inflation, analysts said. "As expected it was an election budget with no major taxes and with a few
Published 02 Jun, 2012 12:00am
Small traders have mixed views

Small traders have mixed views

Showing a mixed reaction, traders on Friday termed fiscal budget 2012-13 "unclear" and "political" financial plan of the government as the Federal Finance Minister's speech left everyone to speculations. Talking to Business Recorder, Chairman Karachi Whol
Published 02 Jun, 2012 12:00am
Budget offers no relief to masses: MQM

Budget offers no relief to masses: MQM

A key government ally, the Muttahida Qaumi Movement (MQM), on Friday termed the federal budget 2012-13 a 'traditional' one, as it lacked any relief for the masses. Commenting on the budget, MQM's parliamentary leader Dr Farooq Sattar neither rejected nor
Published 02 Jun, 2012 12:00am
There is nothing substantive in budget: PTI

There is nothing substantive in budget: PTI

Pakistan Tehreek-e-Insaf (PTI) Friday said the budget reflects the same lack of vision and political will that has characterised last four years and which in this period has left Pakistan behind almost all other developing economies in the pursuit of deve
Published 02 Jun, 2012 12:00am
8.9 percent raise in allocations for Interior Ministry

8.9 percent raise in allocations for Interior Ministry

The budget for 2012-13 earmarked a raise of 8.91 percent for the Interior Ministry while its components, Pakistan Coast Guard and Civil Armed Forces, received a rise of 22.2 and 17.4 percent respectively in the federal budget for 2012-2013. Total amount e
Published 02 Jun, 2012 12:00am
Rs 70.157 billion to be spent on public order, safety

Rs 70.157 billion to be spent on public order, safety

The government budgeted Rs 70.157 billion for public order and safety affairs in the next fiscal, increasing the allocation by 8.4 per cent, against Rs 61.85 billion set aside during the current fiscal. The police department was given a major share of the
Published 02 Jun, 2012 12:00am
Life-time security for person holding office of Prime Minister

Life-time security for person holding office of Prime Minister

The government has proposed provision of life time security to every person who held the office of prime minister for not less than two years in the Finance Bill 2012 presented Friday in the National Assembly. According to Finance Bill-2012, Amendment of
Published 02 Jun, 2012 12:00am
Presidential Ordinance may bode well for stock market: analysts

Presidential Ordinance may bode well for stock market: analysts

The Presidential Ordinance being made part of the Finance Bill is likely to bode well for the stock market on the whole, analysts said. With the reduction in custom duty slabs and sales tax, for the first time post budget inflation number is likely to be
Published 02 Jun, 2012 12:00am
Defence allocation raised to Rs 545.3 billion

Defence allocation raised to Rs 545.3 billion

The national defence budget has been jacked up by nearly 6 per cent (Rs 35.2 billion) for the next fiscal year amid expectations that the US government will soon restore military aid to Pakistan. Defence allocation has been raised to Rs 545. 3 billion for
Published 02 Jun, 2012 12:00am
Net capital receipts estimated at Rs 477.779 billion

Net capital receipts estimated at Rs 477.779 billion

The government has estimated net capital receipts at Rs 477.779 billion in 2012-13 against Rs 395.652 billion in the budget estimates of 2011-12 and Rs 525.497 billion in the revised estimates 2011-12. Total amount of receipts has been estimated at Rs 541
Published 02 Jun, 2012 12:00am
German economic liberalism opposes government intervention: expert

German economic liberalism opposes government intervention: expert

Deputy Chairman of the Sub-committee for European Law of the Legal Committee of the German Federal Parliament (Bundestag) Stephan Thomas has said that competition is the cornerstone of the German social market economy which is founded on the values that a
Published 02 Jun, 2012 12:00am
Power protestors turn violent, torch Iesco office

Power protestors turn violent, torch Iesco office

People protesting against prolonged and unscheduled power outages here on Friday turned violent and torched the office of SDO Wapda Pirwadhai circle, besides blocking roads by setting tires on fire and uprooting hoarding and signboards. The protestors cha
Published 02 Jun, 2012 12:00am
DPC stages sit-in against possible resumption of Nato supplies

DPC stages sit-in against possible resumption of Nato supplies

Defa-e-Pakistan Council (DPC) on Friday staged a protest sit-in against the possible resumption of Nato supplies through Pakistan land routes to Afghanistan, as the council's leaders threatened to launch a countrywide drive to block transportations to wes
Published 02 Jun, 2012 12:00am
Technical training centre being set up in Faisalabad

Technical training centre being set up in Faisalabad

A charitable Technical Training Centre is being completed at a cost of Rs 100 million under the Pasban Welfare Foundation to impart deserving youth with vocational training. Chairman of Pasban's IT Group Shahnawazul Hassan said that the project was being
Published 02 Jun, 2012 12:00am
Rs 3.7 million looted from bank

Rs 3.7 million looted from bank

Armed robbers on Friday stormed a branch of the private bank located in Defence area of Khyaban-e-Badar commercial in the limits of Drakshan Police and got away with Rs 3.7 million. The police said the robbers, five in number, entered the bank, held the s
Published 02 Jun, 2012 12:00am
Shahbaz says he never made demand for creation of Karachi province

Shahbaz says he never made demand for creation of Karachi province

Punjab Chief Minister Muhammad Shahbaz Sharif on Friday said that he has never demanded to make Karachi a province and there was a mischief behind this proposal which he exposed and now a conspiracy for the division of Sindh has come to the fore. He said
Published 02 Jun, 2012 12:00am
Three Additional SHC judges take oath

Three Additional SHC judges take oath

Three additional judges of Sindh High Court (SHC) took oath here on Friday. Chief Justice SHC Justice Mushir Alam administered oath to the new judges during a simple ceremony. With the appointment of Justice Sadiq Hussain Bhatti, Justice Naimatullah Phalp
Published 02 Jun, 2012 12:00am
ABL recognises employees' performance

ABL recognises employees' performance

Allied Bank recently held a special event to recognise the performance of its employees who did exceptionally well during the year 2011. The grand ceremony was organised at a local hotel which was also attended by members of the Board and senior managemen
Published 02 Jun, 2012 12:00am
Two Nadra centres inaugurated

Two Nadra centres inaugurated

Sindh Minister for Information and Technology Raza Haroon inaugurated Nadra Executive Registration Centre in North Nazimabad, Five Star Chowrangi. DG Nadra, Sindh Brigadier Zahid Hussain (Retd) and other distinguished guests were also present on the occas
Published 02 Jun, 2012 12:00am
Nine including two MQM workers gunned down in Karachi

Nine including two MQM workers gunned down in Karachi

The mindless bloodletting continues unabated in the city, as nine more people including two workers of Muttahida Qaumi Movement (MQM) were killed on Thursday, police and rescue sources said. Three persons were killed and another injured when unknown armed
Published 02 Jun, 2012 12:00am
International tender: FBR replaces zero-rated facility on supplies

International tender: FBR replaces zero-rated facility on supplies

The Federal Board of Revenue (FBR) has replaced zero rating facility on supplies against international tender with exemption in order to eliminate undue refunds in budget (2012-2013). Explaining the measure, a top Karachi-based sales tax expert, Arshad Sh
Published 02 Jun, 2012 12:00am
Wasan now minister without any portfolio

Wasan now minister without any portfolio

The portfolio of Sindh home department was taken back from the incumbent home minister Manzoor Wasan. President Asif Ali Zardari on Friday informed Wasan of the decision and told him that he could continue as minister without portfolio. Sources close to M
Published 02 Jun, 2012 12:00am
Subsidy for USC rises by 200 percent

Subsidy for USC rises by 200 percent

The federal government has estimated Rs 6 billion subsidy for the Utility Stores Corporation (USC) to provide cheap commodities to masses. According to fiscal budget 2012-13 documents, government has enhanced subsidy for the USC by 200 percent to Rs 6 bil
Published 02 Jun, 2012 12:00am
Limit of price tiers of cigarettes revised upward

Limit of price tiers of cigarettes revised upward

The Federal Board of Revenue has revised upward limit of price tiers of cigarettes to enhance the Federal Excise Duty on locally produced cigarettes to generate additional revenue of Rs 10 billion in 2012-13. Through Finance Bill (2012-13) issued here on
Published 02 Jun, 2012 12:00am
10 die in different incidents in city

10 die in different incidents in city

At least 10 persons died in different incidents during the last 24 hours in the city. According to details, five persons drowned while bathing in a water drain (nullah) near Bhains Colony. The deceased were identified as Ghufran, Musharraf, Naseem, Bakhtz
Published 02 Jun, 2012 12:00am
UVAS vice chancellor stresses need to ensure quality of milk

UVAS vice chancellor stresses need to ensure quality of milk

University of Veterinary and Animal Sciences (UVAS) Vice-Chancellor Professor Dr Talat Naseer Pasha has stressed the need to ensure quality of milk to protect the health of people. He has also called for setting up of milk-testing labs in the cities to me
Published 02 Jun, 2012 12:00am
The Weather

The Weather

The weather report on Friday (June 01, 2012) and the forecast for Saturday (June 02, 2012).
Published 02 Jun, 2012 12:00am
Mixed reactions

Mixed reactions

Though the detailed budget documents are yet to be examined by the people, mixed reactions are given about the 5th budget of the present government. As no major incentives are announced for agricultural sector, exporters, traders and growers, the budget f
Published 02 Jun, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on May 29, 2012.
Published 02 Jun, 2012 12:00am
External financing estimated at Rs 386.9 billion

External financing estimated at Rs 386.9 billion

The federal budget 2012-13 has unrealistically estimated external financing to the tune of Rs 386.9 billion that is 71.1 percent higher than the revised estimates of Rs 226.2 billion for the current fiscal year.
Published 02 Jun, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on May 29, 2012.
Published 02 Jun, 2012 12:00am
TEVTA meeting

TEVTA meeting

The second consultative meeting for identification of Technical Vocational Education and Training (TVET) priority areas for TEVTA Punjab to be held here at a hotel on Saturday (today). Stakeholders of Construction, Textile, Leather, and Light Engineering
Published 02 Jun, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on May 29, 2012.
Published 02 Jun, 2012 12:00am
Lal Shahbaz Urs celebrations reviewed

Lal Shahbaz Urs celebrations reviewed

Modalities to ensure foolproof security measures and provision of other basic facilities to the devotees on the eve of 760th annual 3 days Urs celebrations of Hazrat Lal Shahbaz Qalandar (RA) at Sehwan Sharif were discussed in the meting presided over by
Published 02 Jun, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 01, 2012).
Published 02 Jun, 2012 12:00am
MOL discovers oil, gas in test well

MOL discovers oil, gas in test well

MOL announced on Friday the discovery of oil and gas in one of its appraisal wells. The Hungary-based oil exploration company said that the Makori East-2 well would yield 4,106 barrels of oil per day and 14.8mmcfd of gas. Pakistan Oilfields Limited holds
Published 02 Jun, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 01, 2012).
Published 02 Jun, 2012 12:00am
Strategy evolved for solving problems of refugees: AJK Prime Minister

Strategy evolved for solving problems of refugees: AJK Prime Minister

Azad Jammu and Kashmir Prime Minister Chaudry Abdul Majid has said that a strategy has been evolved to resolve the problems confronted the refugees settled various party of Pakistan. Under the plan a shelter will be provided to every refugee settled acros
Published 02 Jun, 2012 12:00am
LME official prices

LME official prices

The following were Thursday official prices.
Published 02 Jun, 2012 12:00am
GCU Endowment Fund: Bank Al Habib donates Rs one million

GCU Endowment Fund: Bank Al Habib donates Rs one million

The number of golden scholarships for deserving students offered by the Government College University Lahore Endowment Fund Trust (GCU EFT) on Friday increased to 20 after a private bank (Bank Al-Habib) donated Rs 1 million to the Fund for initiating anot
Published 02 Jun, 2012 12:00am
LME official prices

LME official prices

The following were Thursday official prices.
Published 02 Jun, 2012 12:00am
Pharmaceutical manufactures not satisfied

Pharmaceutical manufactures not satisfied

Despite reduction of customs duty by 5 percent on pharmaceutical raw materials in budget 2012-2013, the pharmaceutical manufacturers are not satisfied by the measure, as they say the industry is already enjoying 5 percent customs duty on import of several
Published 02 Jun, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (June 01, 2012).
Published 02 Jun, 2012 12:00am
Budget is neither a populist nor a reformist one: traders

Budget is neither a populist nor a reformist one: traders

Federal Finance Minister Senator Dr Abdul Hafeez Shaikh on Friday unveiled Pakistan's budget for the next financial year 2012-13 that was seen very unassuming for trade and industry expecting more concessions. The budget is "neither a populist nor a refor
Published 02 Jun, 2012 12:00am
New York cotton

New York cotton

Friday's closing prices of New York cotton in US cents/lb.
Published 02 Jun, 2012 12:00am
Summer camp

Summer camp

Model Town Football Academy's (MTFA) 8th football Summer Camp 2012 for Boys and Girls will commence on June 4 at MTFA Ground, Model Town where promising footballers of Lahore will show their skills "As a footballer, the best I can do for youth in Pakistan
Published 02 Jun, 2012 12:00am
New York cotton

New York cotton

Friday's closing prices of New York cotton in US cents/lb.
Published 02 Jun, 2012 12:00am
'Partial lunar eclipse on Monday'

'Partial lunar eclipse on Monday'

The first lunar eclipse (Partial) of year 2012 will occur on June 4. An official of Pakistan Space and Upper Atmosphere Research Commission (SUPARCO) announced this here on Friday. This eclipse will not be visible from Pakistan. However, it will be visibl
Published 02 Jun, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (June 01, 2012) and for Saturday (June 02, 2012).
Published 02 Jun, 2012 12:00am
New York cotton ends near three-year low

New York cotton ends near three-year low

Cotton futures settled on Friday at its lowest level in nearly three years on all-around investor liquidation as weak economic data in the US and China combined with fears of malaise in Europe to deflate the market, with analysts fearing further weakness
Published 02 Jun, 2012 12:00am
Shanghai copper down

Shanghai copper down

The most-active September copper contract on the Shanghai Futures Exchange ticked down 0.4 percent to close at 54,330 yuan ($8,500) a tonne on Friday. China consumes about 40 percent of the world's copper and Friday's data may push Beijing towards further
Published 02 Jun, 2012 12:00am
Copper sinks to its lowest level this year

Copper sinks to its lowest level this year

Copper sank to its lowest level this year as investors worried about the outlook for the global economy after the United States gained the smallest number of jobs in a year, adding to pessimistic data out of China and Europe. Declines were kept in check,
Published 02 Jun, 2012 12:00am
Brent crude drops below $100

Brent crude drops below $100

Brent crude oil prices fell for a fourth straight day on Friday, dropping under $100 a barrel to a 16-month low after weak US and Chinese economic data thrashed markets and sent investors to perceived safer havens. Data showing US job growth stumbled in M
Published 02 Jun, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (June 01, 2012).
Published 02 Jun, 2012 12:00am
Tokyo rubber futures hit six-month low

Tokyo rubber futures hit six-month low

Tokyo Commodity Exchange rubber futures fell to a six-month low on Friday, ending the week down 4.4 percent in a fourth weekly decline after weak Chinese factory data highlighted concerns over the eurozone debt crisis and hurt investor sentiment. The most
Published 02 Jun, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 01, 2012).
Published 02 Jun, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 01, 2012).
Published 02 Jun, 2012 12:00am
Soya logs biggest monthly drop since September

Soya logs biggest monthly drop since September

US soyabeans hit a two-month low on Thursday and posted their biggest monthly decline since September as investors liquidated positions on worries of slowing global economic growth and as rain fell in the top US Midwest growing region. At the Chicago Boar
Published 02 Jun, 2012 12:00am
Palm oil drops

Palm oil drops

Malaysian palm oil prices dropped to their lowest level in a week on Friday as investors worried about demand from China after weak manufacturing data and Spain's shaky finances, the latest signs that the eurozone debt crisis will further slow global grow
Published 02 Jun, 2012 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The recovery phase continued on the money market on Friday as the rupee rose from the bottom after hitting the all-time low during the two weeks against dollar, dealers said. Today, federal budget (2012-13) has been announced, now, interestingly, it is wa
Published 02 Jun, 2012 12:00am
Sugar and coffee tumble

Sugar and coffee tumble

Raw sugar and arabica coffee futures on ICE slid to their lowest levels in nearly two years on Friday as broad selling across commodity markets accelerated downtrends linked to abundant supply. Raw sugar futures fell with other financial markets as econom
Published 02 Jun, 2012 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The recovery phase continued on the money market on Friday as the rupee rose from the bottom after hitting the all-time low during the two weeks against dollar, dealers said. Today, federal budget (2012-13) has been announced, now, interestingly, it is wa
Published 02 Jun, 2012 12:00am
New York gold posts six percent loss in May

New York gold posts six percent loss in May

Gold ended May with its fourth straight monthly decline, the most in 12 years, but finished Thursday's trading session with a small daily increase as a deepening euro zone crisis prompted some investors to turn to gold amid flight from riskier assets. Spo
Published 02 Jun, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (June 01, 2012).
Published 02 Jun, 2012 12:00am
Gold slips in Asia

Gold slips in Asia

Gold slipped on Friday, on course for a second straight week of losses, as a weaker euro sapped appetite for bullion amid the debt crisis in Europe while investors awaited a key US employment report later in the day for further trading cues. Spot gold sli
Published 02 Jun, 2012 12:00am
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