AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)
Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-07-21
Microsoft posts quarterly loss

Microsoft posts quarterly loss

Microsoft Corp reported its first quarterly loss as a public company on Thursday as it took a previously announced hit for writing down the value of its ailing online unit, but held up better than expected in the face of stagnant computer sales.
Published 21 Jul, 2012 12:00am
Microsoft posts quarterly loss

Microsoft posts quarterly loss

Microsoft Corp reported its first quarterly loss as a public company on Thursday as it took a previously announced hit for writing down the value of its ailing online unit, but held up better than expected in the face of stagnant computer sales.
Published 21 Jul, 2012 12:00am
Singapore exchange denies LSE merger talks

Singapore exchange denies LSE merger talks

The Singapore Exchange (SGX) denied it was in talks to buy the London Stock Exchange, a sign there is little appetite for more large cross-border deals after several takeover attempts failed. The two operators last week agreed to allow their clients to tr
Published 21 Jul, 2012 12:00am
UK's public borrowing overshoots as economy weakens

UK's public borrowing overshoots as economy weakens

Britain's government borrowed more than expected in June as an economy in recession continued to weigh on public finances, raising doubts whether the government will meet its deficit reduction target for this year. Britain's Conservative-Liberal Democrat
Published 21 Jul, 2012 12:00am
Google's Internet biz roars even as advertisement rates slide

Google's Internet biz roars even as advertisement rates slide

Google Inc's revenue increased 21 percent as strength in its Internet advertising business offset a persisting drop in ad rates, stirring hopes among investors the Web search leader is close to slowing that decline. Shares of Google were up about 3 percen
Published 21 Jul, 2012 12:00am
Google's Internet biz roars even as advertisement rates slide

Google's Internet biz roars even as advertisement rates slide

Google Inc's revenue increased 21 percent as strength in its Internet advertising business offset a persisting drop in ad rates, stirring hopes among investors the Web search leader is close to slowing that decline. Shares of Google were up about 3 percen
Published 21 Jul, 2012 12:00am
US House passes huge defence spending bill

US House passes huge defence spending bill

US lawmakers passed a sweeping $606 billion defence bill Thursday that exceeds a budget cap and faces a veto threat from the White House for failing to sufficiently rein in spending. The bill would provide $518 billion for the Pentagon and an additional $
Published 21 Jul, 2012 12:00am
Hong Kong shares break chart resistance, but China weak

Hong Kong shares break chart resistance, but China weak

Hong Kong shares ended firm on Friday, registering their best week in more than a month, as strength in defensive sectors helped benchmark indices break through chart resistance. Mainland Chinese markets slipped further into the red, sending the CSI300 In
Published 21 Jul, 2012 12:00am
Nikkei tumbles

Nikkei tumbles

Japan's Nikkei share average fell 1.4 percent on Friday as investors took profits and scrambled to cover shorts after positive US earnings failed to dispel pessimism about the creaky global economy as more disappointing data emerged. Financial shares were
Published 21 Jul, 2012 12:00am
Friday's early trade: concerns over Spain spark profit-taking

Friday's early trade: concerns over Spain spark profit-taking

Bank stocks led Wall Street lower on Friday after a Spanish region asked the Madrid government for financial aid, rekindling fears about Europe's economic crisis and prompting traders to cash in recent gains. On Friday, the technology sector of the S&P 50
Published 21 Jul, 2012 12:00am
Technology earnings boost Wall Street

Technology earnings boost Wall Street

US stocks rose on Thursday for a third straight day, with the S&P 500 at a 2-1/2 month high, as earnings from technology companies and expectations for more monetary stimulus outweighed weak economic data. So far in this earnings season a majority of comp
Published 21 Jul, 2012 12:00am
US bond prices fall, yields near record lows

US bond prices fall, yields near record lows

Long-dated US government bond prices fell on Thursday as investors were reluctant to make large bets on further yield falls, after a dramatic rally this month on slowing global growth saw the debt test record low yields. Benchmark 10-year note yields are
Published 21 Jul, 2012 12:00am
US bond prices fall, yields near record lows

US bond prices fall, yields near record lows

Long-dated US government bond prices fell on Thursday as investors were reluctant to make large bets on further yield falls, after a dramatic rally this month on slowing global growth saw the debt test record low yields. Benchmark 10-year note yields are
Published 21 Jul, 2012 12:00am
Indian shares fall

Indian shares fall

India's main stock indexes fell on Friday, ending the week with mild losses, led by lenders such as ICICI after a central bank panel recommended tightening regulations on loan restructuring, including setting aside higher provisions. Power equipment maker
Published 21 Jul, 2012 12:00am
Eurozone worries halt FTSE's six-week winning run

Eurozone worries halt FTSE's six-week winning run

Britain's FTSE 100 ended lower on Friday, halting a run of six weekly gains, as Spain's financial outlook took a fresh hit, pushing its yields to a new record high and hitting bank stocks across Europe. Royal Bank of Scotland, Barclays and HSBC were all d
Published 21 Jul, 2012 12:00am
Southeast Asian stocks down

Southeast Asian stocks down

Most Southeast Asian markets eased on Friday in thin trading volumes as Spain borrowing cost weighed on investor sentiment, but Malaysia and Indonesia saw foreign inflow into equity despite falls. Malaysia, despite edging down 0.1 percent, enjoyed a forei
Published 21 Jul, 2012 12:00am
Australian shares slip

Australian shares slip

Australian shares slipped 0.2 percent on Friday as weak US economic data and Spain's financial troubles hurt banks, which rely on offshore markets for funding. The index still climbed 2.9 percent for the week, its sharpest weekly rise so far this year. Th
Published 21 Jul, 2012 12:00am
Spain stocks have worst day in two years

Spain stocks have worst day in two years

Madrid's bourse suffered its worst day in two years on Friday, dragging down the broad European equity market, after the Valencia region asked for a bailout, rekindling concerns about Spain's financial health and the euro zone debt crisis. Spanish 10-year
Published 21 Jul, 2012 12:00am
Yuan hits limit of trading band, ignores higher midpoint

Yuan hits limit of trading band, ignores higher midpoint

The Chinese yuan hit the limit of its recently widened trading band for the first time on Friday as the spot market shook off attempts by the central bank to push the yuan upward. The People's Bank of China (PBOC) set the midpoint at 6.3112 per dollar ear
Published 21 Jul, 2012 12:00am
Euro eases in Asia

Euro eases in Asia

The euro eased against the dollar and hovered near a record low versus the Australian dollar on Friday, and was seen on shaky ground due to worries about Spain's fiscal woes and as investors hunt for higher yields. Weak demand at a bond auction pushed Spa
Published 21 Jul, 2012 12:00am
Euro tumbles in London

Euro tumbles in London

A struggling euro hit a session low against the US dollar and record lows against the Australian and Canadian dollars on Friday after Spain's Valencia region said it will seek central government help to repay its debts. The news intensified concerns that
Published 21 Jul, 2012 12:00am
Early trade in New York: euro drops across the board

Early trade in New York: euro drops across the board

The euro tumbled broadly on Friday after Spain's Valencia region said it would seek central government help to repay its debts, raising concerns the euro zone's fourth largest economy may have to ask for a full-scale international bailout. As a result, th
Published 21 Jul, 2012 12:00am
Euro falls broadly

Euro falls broadly

The euro fell against the dollar on Thursday and touched a record low against the Australian dollar and a 3-1/2-year trough versus sterling, as weak US data and fresh warnings from Germany about Spain's banking troubles diminished risk appetite. A slew of
Published 21 Jul, 2012 12:00am
Australian and New Zealand dollars hold hefty gains

Australian and New Zealand dollars hold hefty gains

The Australian and New Zealand dollars were holding hefty gains for the week on Friday having reached fresh record peaks on the euro and a four-year high on the Swiss franc as yield-hungry investors piled into carry trades.
Published 21 Jul, 2012 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee fell on Friday, snapping three successive weeks of gains, as risk aversion pummelled global risk assets such as the euro, though buying of the local unit ahead of an auction of debt limits to foreign investors kept losses in check. "I exp
Published 21 Jul, 2012 12:00am
Most Asian currencies dip

Most Asian currencies dip

Most emerging Asian currencies eased on Friday as investors took profits from weekly gains amid Spain's fiscal woes, while the Singapore dollar firmed on a fight between Heineken and a Thai billionaire for a beer-brewer in the city-state.
Published 21 Jul, 2012 12:00am
Swiss franc weakens

Swiss franc weakens

The Swiss franc weakened a touch against the dollar on Friday, dogged by concerns about the euro zone crisis and with some analysts predicting the safe-haven unit may slip below parity with the greenback in coming weeks. The franc fell 0.3 percent against
Published 21 Jul, 2012 12:00am
Sterling hits highest versus euro since October 2008

Sterling hits highest versus euro since October 2008

Sterling struck its highest level against the euro in more than 3-1/2 years on Friday due to growing worries about Spain, which encouraged investors to seek alternatives to the euro and ignore further evidence of a weak UK economy.
Published 21 Jul, 2012 12:00am
Man arrested for trying to grab Olympic torch

Man arrested for trying to grab Olympic torch

British police arrested a 17-year-old man on Friday after he tried to grab the Olympic torch on the day that it was due to make a dramatic arrival in London. The incident happened as the torch was in Gravesend, a town on south bank of the River Thames eas
Published 21 Jul, 2012 12:00am
Two Olympic runners suspected of doping

Two Olympic runners suspected of doping

Two 3000m steeplechasers, Nordine Gezzar of France and Spain's Angel Mullera, were both axed from the Olympic Games on Friday on suspicion of doping. French runner Nordine Gezzar could face a life ban after testing positive for the banned blood booster EP
Published 21 Jul, 2012 12:00am
Former Kenya coach Hesson to take over New Zealand

Former Kenya coach Hesson to take over New Zealand

Mike Hesson, who recently quit as Kenya's national cricket coach citing security concerns, was Friday appointed to take the reins of the New Zealand team. Hesson becomes the fifth coach for the Black Caps in four years and was widely tipped to get the pos
Published 21 Jul, 2012 12:00am
India look to hit ground running after long rest

India look to hit ground running after long rest

India will need to quickly hit its stride after a long layoff and adapt to a new venue when it starts a limited-overs series against Sri Lanka on Saturday (today). Indian cricketers normally play all year but are coming off a seven-week break, and captain
Published 21 Jul, 2012 12:00am
Torch heads to London as countdown enters final week

Torch heads to London as countdown enters final week

The Olympic torch arrives in London on Friday a week before the Games begin, and organisers hope the media's focus will shift from security fiascos, travel disruptions, strike threats and poor weather to the thrill of the sporting contest. Sebastian Coe,
Published 21 Jul, 2012 12:00am
Cavendish wins 18th stage, Wiggins still in yellow

Cavendish wins 18th stage, Wiggins still in yellow

British sprint king Mark Cavendish produced a stunning finish to claim victory on the 18th stage of the Tour de France, a 226 km ride between Blagnac and Brive-La-Gaillarde Friday. Sky teammate and compatriot Bradley Wiggins came over the finish line seco
Published 21 Jul, 2012 12:00am
Record-setter Snedeker seizes command at British Open

Record-setter Snedeker seizes command at British Open

American Brandt Snedeker took command of the British Open with a stunning six-under par 64 in Friday's second round, matching the low 36-hole total in Open history and the 18-hole course record. The 31-year-old American, who missed the cut in each of his
Published 21 Jul, 2012 12:00am
Anderson strikes early for England

Anderson strikes early for England

James Anderson dismissed Alviro Petersen for a duck as South Africa made a nervous start to their first innings on the second day of the first Test against England at the Oval on Friday. Anderson produced a superb delivery in the third over of South Afric
Published 21 Jul, 2012 12:00am
UEFA fines Cassano for 'discriminatory' comments

UEFA fines Cassano for 'discriminatory' comments

European football's governing body on Friday said it had fined Italy forward Antonio Cassano forr homophobic comments he made during a news conference at Euro 2012. UEFA said in a statement on its website that it had fined the striker 15,000 euros ($18,40
Published 21 Jul, 2012 12:00am
FIFA MA coaching course concludes

FIFA MA coaching course concludes

Football coaches from first division departments, clubs, provinces and regions across the country have benefited from a five-day long FIFA MA coaching course for senior Pakistani football coaches held in Football House Lahore. The course which continued f
Published 21 Jul, 2012 12:00am
Pakistani cueists fall in U-21 world snooker

Pakistani cueists fall in U-21 world snooker

Pakistani cueists Muhammad Majid Ali and Hunain Aamir fall in the first knockout stage (Last-32) in IBSF World Under 21 Snooker Championship on Friday at Wuxi, China. Majid lost his match to Noppon Saengkham of Thailand, who recorded a 5-1 (71-33, 61-18,
Published 21 Jul, 2012 12:00am
GCU win Women's Rifle Shooting

GCU win Women's Rifle Shooting

Government College University Lahore has made a triumphant victory in the All Pakistan First Women's Rifle Shooting Championship organised by the Higher Education Commission. The team GCU comprising Madhia Ashraf, Sadaf Mehboob and Noor Saleem outshined a
Published 21 Jul, 2012 12:00am
New York police link nine 2012 plots to Iran, proxies

New York police link nine 2012 plots to Iran, proxies

New York police believe Iranian Revolutionary Guards or their proxies have been involved so far this year in nine plots against Israeli or Jewish targets around the world, according to restricted police documents obtained by Reuters. Reports prepared this
Published 21 Jul, 2012 12:00am
Indians now Australia's top migrants

Indians now Australia's top migrants

India has topped Britain and China to become Australia's leading source of migrants for the first time, data revealed Friday, with seven of the top 10 source countries now in Asia. Immigration Minister Chris Bowen said India accounted for 29,000 of the 18
Published 21 Jul, 2012 12:00am
Cuts short Florida campaign swing

Cuts short Florida campaign swing

President Barack Obama cut short a campaign swing through Florida on Friday, following a deadly shooting rampage in Colorado, and his re-election team ordered ads attacking his Republican rival to be pulled from the airwaves. Obama was to return to Washin
Published 21 Jul, 2012 12:00am
Indian scientists try to crack monsoon source code

Indian scientists try to crack monsoon source code

Scientists aided by supercomputers are trying to unravel one of Mother Nature's biggest mysteries - the vagaries of the summer monsoon rains that bring life, and sometimes death, to India every year. In a first-of-its-kind project, Indian scientists aim t
Published 21 Jul, 2012 12:00am
21 killed, 29 injured in Mexico bus crash

21 killed, 29 injured in Mexico bus crash

A bus veered off a bridge into a ravine in western Mexico early Friday, killing at least 21 people and injuring 29 others, police said. The bus was carrying a group headed to the beach in the village of Rincon de Guayabitos when the predawn crash occurred
Published 21 Jul, 2012 12:00am
Obama warns of cyber threats to US

Obama warns of cyber threats to US

President Barack Obama warned of cyber threats to critical US infrastructure and called on Congress to take action in an op-ed published Friday in the Wall Street Journal. "The cyber threat to our nation is one of the most serious economic and national se
Published 21 Jul, 2012 12:00am
Muslims begin Ramazan; bombs hit Thai south

Muslims begin Ramazan; bombs hit Thai south

Muslims began fasting for the start of the Ramazan holy month Friday in Indonesia and Thailand, where the sombre occasion was marred by two bomb blasts that killed one person and injured seven, officials said. The Muhammadiyah group, Indonesia's second-la
Published 21 Jul, 2012 12:00am
Asean finds common ground on sea dispute: Cambodia

Asean finds common ground on sea dispute: Cambodia

Southeast Asian nations on Friday vowed to work towards a "code of conduct" in the disputed South China Sea, but failed to fully mend a rift that marred a regional meeting last week. Current chair Cambodia announced that the Association of Southeast Asian
Published 21 Jul, 2012 12:00am
Nearly 100,000 Muslims pray at Al-Aqsa for Ramazan

Nearly 100,000 Muslims pray at Al-Aqsa for Ramazan

Nearly 100,00O Muslim worshippers poured into Al-Aqsa mosque compound in Jerusalem's Old City for the first Friday prayers of the holy month of Ramadan, an Israeli police spokesman said. "Nearly 100,000 Palestinians from the West Bank" and east Jerusalem
Published 21 Jul, 2012 12:00am
US lawmakers vote to scrap Pentagon Russia contract

US lawmakers vote to scrap Pentagon Russia contract

US lawmakers voted overwhelmingly Thursday in favour of ending the Pentagon's arms contract with a major Russian defence firm, with one congressman saying it was wrong to partner with "lords of war" who are supplying arms to Syria. The amendment was adopt
Published 21 Jul, 2012 12:00am
Afghan bomb kills five policemen

Afghan bomb kills five policemen

A roadside bomb killed five Afghan policemen, including a district police chief, when it ripped through their vehicle in a volatile part of southern Afghanistan, provincial authorities said Friday. "Four police bodyguards along with district police chief,
Published 21 Jul, 2012 12:00am
Departing IMF economist rips fund's leadership

Departing IMF economist rips fund's leadership

A departing senior IMF economist has excoriated the fund, alleging it failed to address Europe's crisis and "suppressed" its challenges, according to a letter published Friday. In the letter obtained by CNN, Peter Doyle also accused Christine Lagarde, the
Published 21 Jul, 2012 12:00am
Lawyers ask for Guantanamo trial to be televised

Lawyers ask for Guantanamo trial to be televised

Lawyers for the alleged al Qaeda mastermind of the deadly 2000 attack on the USS Cole demanded Thursday that his Guantanamo military tribunal be televised. Abd al-Rahim al-Nashiri's trial at the US naval base at Guantanamo Bay, Cuba is the first since the
Published 21 Jul, 2012 12:00am
Chinese court upholds Ai Weiwei tax fine

Chinese court upholds Ai Weiwei tax fine

A Chinese court on Friday upheld a $2.4 million fine for tax evasion against the country's most famous dissident, Ai Weiwei, after barring him from attending the hearing, in a case that critics accuse Beijing of using to muzzle the outspoken artist.
Published 21 Jul, 2012 12:00am
US hostility forcing to 'reexamine' nuclear programme: North Korea

US hostility forcing to 'reexamine' nuclear programme: North Korea

North Korea said on Friday it was being forced to "reexamine" its nuclear programme because of fresh signs the United States remains hostile towards the country, indicating it will step up defiant efforts to boost its nuclear arsenal. The new leadership o
Published 21 Jul, 2012 12:00am
Syrian forces stretched; spy chief 4th bomb victim

Syrian forces stretched; spy chief 4th bomb victim

Syrian troops fought on the corpse-strewn streets of the capital and at far-flung border posts on Friday to reverse gains by rebels, who have advanced relentlessly in the 48 hours since much of President Bashar al-Assad's entourage was assassinated. Assad
Published 21 Jul, 2012 12:00am
Sri Lanka's judges boycott courts over political interference

Sri Lanka's judges boycott courts over political interference

Courts across Sri Lanka were paralysed on Friday as judges and lawyers staged a boycott to protest alleged political interference with the judiciary, activists said. The influential Bar Association of Sri Lanka stayed away from courts to protest the alleg
Published 21 Jul, 2012 12:00am
Police fire rubber bullets after huge Madrid crisis protest

Police fire rubber bullets after huge Madrid crisis protest

Spanish police fired rubber bullets and charged protestors in central Madrid early Friday at the end of a huge demonstration against economic crisis measures. The protest was one of over 80 demonstrations called by unions across the county against civil s
Published 21 Jul, 2012 12:00am
Amnesty decries abuses against Myanmar Muslims

Amnesty decries abuses against Myanmar Muslims

Myanmar security forces have committed serious rights abuses against Muslims in violence-hit western Rakhine state during six weeks of emergency rule, Amnesty International said Friday. Hundreds of people, mostly men and boys, have been detained in sweeps
Published 21 Jul, 2012 12:00am
French lawmakers vote to cut pay of president, Prime Minister

French lawmakers vote to cut pay of president, Prime Minister

French lawmakers voted Thursday to reduce the salaries of President Francois Hollande and Prime Minister Jean-Marc Ayrault by 30 percent as part of a series of budget-cutting moves. The lower house National Assembly thus endorsed one of the first decision
Published 21 Jul, 2012 12:00am
Former Prime Minister joins Japan's mass anti-nuclear rally

Former Prime Minister joins Japan's mass anti-nuclear rally

An ex-prime minister joined a weekly mass rally outside his former official residence Friday to protest against the restart of nuclear power generation in post-disaster Japan. "I regret that politics has strayed far from the people's wishes," Yukio Hatoya
Published 21 Jul, 2012 12:00am
WHO endorses use of HIV medicines for prevention

WHO endorses use of HIV medicines for prevention

The World Health Organisation has endorsed using HIV medicines among people who do not have the infection but are at high risk of getting it, and suggested that poor and wealthy countries alike set up pilot projects to better understand the benefits. The
Published 21 Jul, 2012 12:00am
Argentine exchange trims wheat view as prices soar

Argentine exchange trims wheat view as prices soar

Argentina will plant 22 percent less wheat this season than it did in the previous crop year, a key local exchange said on Thursday, feeding a world rally in grains prices sparked by dry and hot US farm weather. Argentina is the world's No. 6 wheat export
Published 21 Jul, 2012 12:00am
New York cotton rises for third day

New York cotton rises for third day

Cotton futures rose for a third consecutive session on Friday as fibres continued to get a fillip from the soaring grains market and early, tentative supply fears emerged after exchange stocks sank to February lows. The gains bucked an otherwise dismal se
Published 21 Jul, 2012 12:00am
Shanghai copper falls

Shanghai copper falls

The most active November copper contract on the Shanghai Futures Exchange fell 0.6 percent to 55,910 yuan ($8,800) per tonne on Friday, pushed down by Shanghai equities amid thin trading volumes. Shanghai copper is up 0.8 percent on the week. Traders said
Published 21 Jul, 2012 12:00am
Copper tumbles over two percent

Copper tumbles over two percent

Copper slid more than 2 percent on Friday, weighed down by fresh worries about Spain's debt crisis, a stronger dollar and top metals consumer China's warning against relaxing curbs on speculation in the copper-hungry property sector. Three-month copper on
Published 21 Jul, 2012 12:00am
Oil falls as Europe debt woes revive economic fear

Oil falls as Europe debt woes revive economic fear

Oil prices fell on Friday, snapping a string of seven straight higher settlements, as the euro zone debt crisis brought economic concerns back in focus and strengthened the dollar. Brent and US crude futures still posted weekly gains of more than 4 percen
Published 21 Jul, 2012 12:00am
Tokyo rubber futures end lower

Tokyo rubber futures end lower

Tokyo rubber futures edged lower on Friday as weaker oil prices and poor US data drove players to liquidate contracts to avoid risks ahead of the weekend, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for December delivery fe
Published 21 Jul, 2012 12:00am
Corn and soya hit record highs

Corn and soya hit record highs

Corn and soyabeans soared to record highs on Thursday as the worsening drought in the US farm belt stirred fears of a food crisis, with prices coming off peaks after investors cashed out of the biggest grains rally since 2008. Corn prices crossed into unc
Published 21 Jul, 2012 12:00am
Palm oil lower

Palm oil lower

Malaysian crude palm oil futures ended lower on Friday, as expectations of higher palm oil stocks in Malaysia offset concerns over crop-damaging weather in the US Midwest that lowered soybean oil supply. Palm oil futures posted an 0.8 percent weekly loss,
Published 21 Jul, 2012 12:00am
Sugar surges

Sugar surges

Raw sugar futures surged late on Friday to a three-month high just shy of 24 cents per lb, as investors worried about weather hurting the harvest in Brazil and the crop in India, while cocoa was mixed after varied global grindings data clouded the demand
Published 21 Jul, 2012 12:00am
Gold rebounds in New York

Gold rebounds in New York

Gold rebounded on Thursday after two days of losses, lifted by a drop in the dollar and an across-the-board commodities rally led by oil on increasing geopolitical tensions in the Middle East. Spot gold was up 0.6 percent for the day at $1,581.41 an ounce
Published 21 Jul, 2012 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold hovered near $1,580 per ounce on Friday as investors clung to hopes for more monetary easing from the US central bank after weak data in the previous session, but a dollar rebound will likely cap gains. Spot gold was flat at $1,581.25 per ounce by 06
Published 21 Jul, 2012 12:00am
Gold slips in Europe

Gold slips in Europe

Gold prices fell on Friday, staying on track for a weekly loss, as the euro and stock markets extended earlier declines and investors reined in expectations for bullion-friendly new measures to stimulate the US economy. The struggling euro hit a session l
Published 21 Jul, 2012 12:00am
US MIDDAY: corn and soya down

US MIDDAY: corn and soya down

US corn and soyabeans rose to record highs on Friday, extending the biggest gains in 2-1/2 years, as scorching temperatures amid a relentless drought baked crops in America's heartland, including top producers Iowa and Illinois. Expected crop shortfalls a
Published 21 Jul, 2012 12:00am
US MIDDAY: copper plunges

US MIDDAY: copper plunges

Copper fell by its most in a month on Friday after fears about Europe's economic health reignited, steering investors into the safety of the dollar. In New York, the COMEX September contract fell 8.65 cents or 2.45 percent to settle at $3.4480 per lb, aft
Published 21 Jul, 2012 12:00am
US MIDDAY: gold edges up

US MIDDAY: gold edges up

Gold edged up early on Friday on improved market sentiment after Russia revealed it had boosted its bullion reserves in June, but losses in equities and other commodities amid uncertainty over the euro zone debt crisis limited further gains.
Published 21 Jul, 2012 12:00am
Opposition parties seek to downplay PPP victory

Opposition parties seek to downplay PPP victory

The narrow win of former Prime Minister Yousaf Raza Gilani's son in bye-elections for NA-151, Multan, reflects the people's verdict, clamoured the PPP leadership while opponents pointed to 20 percent voter turn out as general disinterest in a bye-election
Published 21 Jul, 2012 12:00am
NBP opens online branch at Torkhum

NBP opens online branch at Torkhum

To meet the demand of Sarhad Chamber of Commerce & Industry (SCCI), the National Bank of Pakistan (NBP) opened branch at Torkhum border for provision of online banking facility to business community of the province. This was stated by regional Manager, NB
Published 21 Jul, 2012 12:00am
Jamaat-e-Islami 'thanks' US for cutting aid

Jamaat-e-Islami 'thanks' US for cutting aid

Naib Amir of Jamaat-e-Islami Professor Khurshid Ahmad thanked the US House of Representatives for cutting by half the so-called US aid to Pakistan on the plea that Pakistan is untrustworthy and it has not surrendered the person guilty of treason in Pakist
Published 21 Jul, 2012 12:00am
CoAS visits North Waziristan Agency

CoAS visits North Waziristan Agency

Chief of the Army Staff (CoAS) General Ashfaq Parvez Kayani visited Miran Shah, North Waziristan Agency on Friday. On arrival, he was briefed about current operational and development activities being pursued by the army, in collaboration with local admin
Published 21 Jul, 2012 12:00am
Pesco constitutes detection teams to check power pilferage

Pesco constitutes detection teams to check power pilferage

Peshawar Electricity Supply Company (Pesco) has constituted Detection Teams for pointing out power pilferage. These teams are performing their job in six circles of the company since last one week. The teams have been given special tasks to reduce line lo
Published 21 Jul, 2012 12:00am
IG Punjab asked to arrest woman's killers

IG Punjab asked to arrest woman's killers

The Supreme Court on Friday summoned Inspector-General Punjab on Monday and urged him to arrest the culprits involved in the stoning to death of a woman in Khanewal. Otherwise, the court warned, he would no longer remain in service. The order was given du
Published 21 Jul, 2012 12:00am
Cotton-sowing area target set at 7.2 million acres

Cotton-sowing area target set at 7.2 million acres

The target for cotton sowing area for the current year has been set at 7.8 million acres (3.159 million hectares), which is 11 percent more than the harvest area for 2011-12 despite flood damage, Shahid Rashid Secretary Ministry of Textile Industry (Minte
Published 21 Jul, 2012 12:00am
Current flood situation notified

Current flood situation notified

Sindh Irrigation Department on Friday has issued current flood situation that River Indus is flowing normal at Guddu, Sukkur, Kotri Barrages and it will remain in normal flood.
Published 21 Jul, 2012 12:00am
Four new PHC judges take oath

Four new PHC judges take oath

Four newly appointed additional judges of the Peshawar High Court (PHC) on Friday took oath after which the total number of judges has increased to 13. PHC Chief Justice Dost Muhammad Khan administered the oath to the new PHC judges, including a woman jud
Published 21 Jul, 2012 12:00am
Polio vaccine: storage issues

Polio vaccine: storage issues

I am shocked to hear that the government doesn't have necessary cold storage for polio vaccines in the far-flung areas of the country which in turn risking the health of around 34 million under-5 children. This is very dangerous situation considering Paki
Published 21 Jul, 2012 12:00am
AIDS research shifting from treatment to cure

AIDS research shifting from treatment to cure

Nearly 30 years and 30 million lives later, scientists on Thursday announced the most comprehensive global strategy to find a cure for AIDS since the disease was first identified. The International AIDS Society (IAS) strategy, released ahead of the Intern
Published 21 Jul, 2012 12:00am
Syria's implosion worries neighbours

Syria's implosion worries neighbours

Signs that President Bashar al-Assad is rapidly losing his grip on Syria alarm his regional allies, Iran and Hezbollah, and worry other neighbours fearful of chaos on their doorsteps. This week's sustained battles in the capital Damascus and the explosion
Published 21 Jul, 2012 12:00am
The sorry state of teaching

The sorry state of teaching

As I reflect on life one of the many blessings that one had was to do with being in the company of excellent teachers that exploited one's mind and removed viruses in the mind, as they emerged. For them it was not a case of rigid formal education but one
Published 21 Jul, 2012 12:00am
Kafkaesque touch

Kafkaesque touch

Life is man's most precious possession. He would like to keep it come what may. But not always; a time may come when he - a seemingly weird and unhappy man - may decide to throw it away after he reaches the conclusion that life is quite fruitless and u
Published 21 Jul, 2012 12:00am
Rise in fuel price

Rise in fuel price

A notification issued Sunday raised the price of petrol by 1.41 rupees per litre, kerosene by 1.94 per litre, light diesel oil by 1.29 per litre, and CNG by 1.29 per kg in Zone 1 and Zone 2 effective Monday. This decision was expected and, as per gover
Published 21 Jul, 2012 12:00am
Panjab agriculture department sets up fair-price shops

Panjab agriculture department sets up fair-price shops

Agricultural Marketing wing of the Punjab Agriculture Department has announced that quality daal chana, basin, rice and different vegetables will be available at fair price shops being set up by the department during Ramazan at lesser rates than the open
Published 21 Jul, 2012 12:00am
CVT on immovable property to be collected in federal capital

CVT on immovable property to be collected in federal capital

The two percent capital value tax (CVT) on immovable property would be collected on property transactions in the federal capital in the same manner as was being previously collected. Sources told Business Recorder here on Friday that the FBR would
Published 21 Jul, 2012 12:00am
CJ IHC constitutes three benches for next week

CJ IHC constitutes three benches for next week

Islamabad High Court (IHC) Chief Justice Iqbal Hameed-ur-Rehman has constituted two single and one division bench to hear over 110 cases during the next week from July 23. Two single benches include Justice Muhammad Anwar Khan Kasi and Justice Shaukat Azi
Published 21 Jul, 2012 12:00am
Previous Day