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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-08-09
Nikkei advances

Nikkei advances

Japan's Nikkei average rose for a third day on Wednesday on fresh hopes of further stimulus from central banks, but pared gains after brushing close to the psychologically key 9,000 level ahead of Friday's options settlement. Struggling TV maker Sharp Cor
Published 09 Aug, 2012 12:00am
Wednesday's afternoon trade: stocks little changed

Wednesday's afternoon trade: stocks little changed

US stocks were little changed on Wednesday in light trading, as there were few signals to push shares in either direction one day after the benchmark S&P 500 closed above 1,400 for the first time in more than three months. Expectations for action from the
Published 09 Aug, 2012 12:00am
S&P hits 1,400 as ECB-inspired rally persists

S&P hits 1,400 as ECB-inspired rally persists

US stocks rose for a third straight day on Tuesday, pushing the S&P above 1,400 for the first time since early May, on growing optimism the European Central Bank would act soon to contain the euro zone's debt crisis. Trading was light, which could distort
Published 09 Aug, 2012 12:00am
Southeast Asia markets: Energy shares lift Thai index

Southeast Asia markets: Energy shares lift Thai index

Thai shares climbed to three-week highs on Wednesday, in line with most others in the region, as expectations of better earnings outlook boosted large-cap energy stocks including Thai Oil Pcl and PTT Global Chemical Pcl. The main SET index rose 0.5 percen
Published 09 Aug, 2012 12:00am
Treasuries slide

Treasuries slide

US Treasury debt prices slid on Tuesday, driving benchmark yields to a month high as investors turned to riskier assets in hopes that global policymakers will act to help resolve the euro zone's ongoing debt crisis. Investors also pushed down prices ahead
Published 09 Aug, 2012 12:00am
Treasuries slide

Treasuries slide

US Treasury debt prices slid on Tuesday, driving benchmark yields to a month high as investors turned to riskier assets in hopes that global policymakers will act to help resolve the euro zone's ongoing debt crisis. Investors also pushed down prices ahead
Published 09 Aug, 2012 12:00am
Taiwan stocks soar

Taiwan stocks soar

Taiwan shares rose 0.33 percent on Wednesday, tracking stock markets in the region, with flat panel maker Chimei Innolux hittting the upper limit on news its second-quarter losses had improved from a year ago. The main TAIEX index added 24.34 points to 7,
Published 09 Aug, 2012 12:00am
Hong Kong shares flat; China edges up

Hong Kong shares flat; China edges up

Hong Kong shares ended flat on Wednesday holding close to a three-month high, as investors took profits ahead of a slew of Chinese economic data, while Standard Chartered recovered fully from early losses made in the wake of allegations of money launderin
Published 09 Aug, 2012 12:00am
European shares creep higher

European shares creep higher

European shares held near four-month highs on Wednesday with gains in miners and the scandal-hit banking sector outpacing weakness in autos and oils as the wait went on for more central bank action stimulate the global economy. Standard Chartered rose 7.1
Published 09 Aug, 2012 12:00am
Australian shares at three-month high

Australian shares at three-month high

Australian shares rose for a third straight session to a three-month closing high on Wednesday, adding 0.5 percent on expectations Europe can boost its economy and reinforce demand for Australia's exports. Top banks all rose, led by a 1.9 percent gain in
Published 09 Aug, 2012 12:00am
Seoul shares post three-day rally

Seoul shares post three-day rally

South Korean shares rose for a third-straight session on Wednesday on optimism that policymakers will soon take action to bolster the global economy, with traders looking to a raft of Chinese data for further impetus. The Korea Composite Stock Price Index
Published 09 Aug, 2012 12:00am
Banks help UK stocks surge

Banks help UK stocks surge

Britain's bluechip share index rose by just a few points on Wednesday, consolidating around a four-month peak as a slide in a batch of stocks trading without their dividend entitlements offset gains in banking and mining stocks. Fifteen bluechip stocks tr
Published 09 Aug, 2012 12:00am
Sterling rises after BoE Inflation Report

Sterling rises after BoE Inflation Report

Sterling rose on Wednesday after the Bank of England cut its forecasts for medium-term growth and for inflation by less than some traders had expected. Despite the downbeat predictions, the BoE said in its Inflation Report the scale of the UK contraction
Published 09 Aug, 2012 12:00am
Euro steadies in Asia

Euro steadies in Asia

The euro held steady against the dollar on Wednesday, supported by persistent hopes for further action by the European Central Bank to lower the borrowing costs of Spain and Italy. The yen inched higher, after having sagged the previous day as investors c
Published 09 Aug, 2012 12:00am
Euro dips in London

Euro dips in London

The euro fell against the dollar on Wednesday, hurt by soft German data and selling off against the British pound after the Bank of England gave no indication it would provide further stimulus. However, the single currency's losses, which followed three d
Published 09 Aug, 2012 12:00am
Midday trade in New York: Euro slips versus dollar

Midday trade in New York: Euro slips versus dollar

The euro slid against the dollar on Wednesday, weighed down by soft German economic data and profit-taking after three days of gains, but optimism that the European Central Bank will act to lower Spanish and Italian borrowing costs could limit losses.
Published 09 Aug, 2012 12:00am
Euro rally pauses

Euro rally pauses

The euro traded little changed against the dollar on Tuesday, taking a breather after a two-day rally sparked by expectations of further action by the European Central Bank to lower borrowing costs for Spain and Italy. The Australian dollar rose to its hi
Published 09 Aug, 2012 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 81.50-81.51 (previous 81.50-81.50). Call Money Rates: 06.50-11.50 percent (previous 06.50-10.75 percent.
Published 09 Aug, 2012 12:00am
Australian and New Zealand dollars struggle

Australian and New Zealand dollars struggle

The Australian and New Zealand dollars struggled to make any headway on Wednesday, but stayed within striking distance of recent highs on persistent hopes the European Central Bank and Federal Reserve will add more stimulus soon.
Published 09 Aug, 2012 12:00am
Most Asian currencies dip as profit-taking weighs

Most Asian currencies dip as profit-taking weighs

Most emerging Asian currencies dipped on Wednesday as investors booked profits, offsetting hopes of the European Central Bank's action to ease the debt crisis and further policy stimulus by the Federal Reserve for growth.
Published 09 Aug, 2012 12:00am
Yuan flat; midpoint set weaker

Yuan flat; midpoint set weaker

The central bank set the yuan midpoint slightly weaker versus the dollar on Wednesday morning for the first time this week, while spot trade remained flat. The People's Bank of China set the yuan midpoint at 6.3778 at market open, slightly weaker than Tue
Published 09 Aug, 2012 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee fell on Wednesday, snapping a three-session winning streak, led by dollar demand from oil refiners and a late fall in the euro. The rupee saw decent two-way interest in the session, with the unit trading in a 54.9550-55.43 band to the dol
Published 09 Aug, 2012 12:00am
Gymnastics reaches out to new horizons

Gymnastics reaches out to new horizons

The men's gymnastics competition at the Rio Olympics in 2016 threatens to be one of the most democratic in the sport's history, after a flush of unprecedented medal-winners at the London Games. Brazil and South Korea both claimed their first ever Olympic
Published 09 Aug, 2012 12:00am
Medals table

Medals table

Olympics medals table at the start of the 12th full day of competition on Wednesday:
Published 09 Aug, 2012 12:00am
Games turn Guessing Games for closing ceremony

Games turn Guessing Games for closing ceremony

The Olympic Games might be re-named the "Guessing Games" as Sunday's closing ceremony looms into view after the artistic director said to expect everything from British composer Edward Elgar to global chart queen Adele. The final act of London 2012, at th
Published 09 Aug, 2012 12:00am
India's Kom apologises for semi-final defeat

India's Kom apologises for semi-final defeat

India's five-time world boxing champion M.C. Mary Kom had to settle for bronze after losing Wednesday's Olympic women's flyweight semi-final - then apologised for not bringing home gold. "Magnificent Mary", 29, suffered an 11-6 defeat to Britain's Nicola
Published 09 Aug, 2012 12:00am
England move up to third in FIFA rankings

England move up to third in FIFA rankings

England moved up to third place in the new FIFA world rankings in August, the country's highest ever position since the creation of the classification, football's world governing body said on Wednesday. World champions Spain remain at the top of the ranki
Published 09 Aug, 2012 12:00am
Boucher rules out quick return

Boucher rules out quick return

Former South Africa wicketkeeper Mark Boucher says he will be out of the game for some time, as he looks to regain full sight in his left eye after a freak accident tore his retina. "It is unlikely that I will play any professional cricket again in the ne
Published 09 Aug, 2012 12:00am
Calls for wholesale changes to Pakistan hockey

Calls for wholesale changes to Pakistan hockey

Pakistani Olympians voiced anger and disappointment on Wednesday after their once-dominant hockey team failed spectacularly at the London Games, calling for change from top to bottom. Pakistan were annihilated 7-0 by world champions Australia in their las
Published 09 Aug, 2012 12:00am
Stoke City's Huth tested for suspected meningitis

Stoke City's Huth tested for suspected meningitis

Stoke City's German defender Robert Huth is undergoing tests for suspected meningitis after falling ill on the club's US pre-season tour, the English Premiership side said on Wednesday. The Potters said on their website stokecityfc.com that Huth was taken
Published 09 Aug, 2012 12:00am
U-19 Cup warm-up: Sami helps Pakistan beat Afghanistan

U-19 Cup warm-up: Sami helps Pakistan beat Afghanistan

Former champion Pakistan warmed-up for its Saturdays' ICC U19 Cricket World Cup 2012 opener against Afghanistan with a comfortable eight wickets victory over Papua New Guinea (PNG) in its last practice match in South Brisbane on Wednesday. Opener Sami Asl
Published 09 Aug, 2012 12:00am
China win all four TT titles

China win all four TT titles

China completed a sweep of all the Olympic table tennis golds on Wednesday when their men stormed to victory over South Korea to clinch the team title on the closing day of the London Games tournament. The heavily favoured Chinese defended their 2008 titl
Published 09 Aug, 2012 12:00am
Aussie pair win 49er sailing gold

Aussie pair win 49er sailing gold

Nathan Outteridge and Iain Jensen won the men's 49er gold at the London Olympics on Wednesday, giving Australia a second sailing gold of the Games. Outteridge and Jensen were already mathematically assured of topping the standings coming into the closing
Published 09 Aug, 2012 12:00am
Swiss end 88-year wait for show jumping gold

Swiss end 88-year wait for show jumping gold

Steve Guerdat, riding Nino des Buissonnets, won the Olympic Games individual show jumping gold at Greenwich Park on Wednesday for Switzerland's first title in the event in 88 years. Ireland's Cian O'Connor and Dutch rider Gerco Schroder faced a jump off t
Published 09 Aug, 2012 12:00am
Jamaicans seek sprint glory, Saudi woman runs

Jamaicans seek sprint glory, Saudi woman runs

Jamaica's sprinters aim to stay ahead of the pack on Wednesday as Usain Bolt bids to book a place in the men's 200 metre final and Veronica Campbell-Brown attempts to become the first woman to win three golds at the distance.
Published 09 Aug, 2012 12:00am
Chief minister approves new vacancies in two hospitals

Chief minister approves new vacancies in two hospitals

Punjab Chief Minister Muhammad Shahbaz Sharif has accorded approval of as many as 592 new vacancies for a 300-bed under construction hospital at Shahdara Lahore and 632 vacancies for 410-bed hospital at Bahawalpur. These vacancies include specialist docto
Published 09 Aug, 2012 12:00am
Punjab's agriculture board approves Rs 450 million budget

Punjab's agriculture board approves Rs 450 million budget

Punjab Agriculture Research Board (PARB) has approved a budget of Rs 450 million for the year 2012-13 for funding high priority research projects including 30 new and various already running projects under competitive grant system (CGS). The approval was
Published 09 Aug, 2012 12:00am
Revision of POL prices on weekly basis: LCCI hits out at ECC decision

Revision of POL prices on weekly basis: LCCI hits out at ECC decision

The Lahore Chamber of Commerce and Industry (LCCI) has severely criticised the Economic Co-ordination Committee (ECC) decision to revise the prices of petroleum products on weekly basis and said that it would not only double the inflation figures but woul
Published 09 Aug, 2012 12:00am
No conspiracy against judiciary would be tolerated: PTI

No conspiracy against judiciary would be tolerated: PTI

Pakistan Tehreek-e-Insaf (PTI) President Makhdom Javaid Hashmi warned the rulers that no conspiracy against the judiciary would be tolerated. While addressing a PTI Iftar dinner here on Wednesday, he said if any such move was launched, it would have serio
Published 09 Aug, 2012 12:00am
All rivers flowing normally: PDMA

All rivers flowing normally: PDMA

Director General Provincial Disaster Management Authority (PDMA), Mujahid Sherdil has said that flood threat is over in certain rivers of the province and now all the rivers are flowing normally. He said that the persons affected due to breach in River Ra
Published 09 Aug, 2012 12:00am
APML leader criticises PML-N

APML leader criticises PML-N

All Pakistan Muslim League (APML) has termed that announcement of parts of PML-N election manifesto by Pakistan Muslim League-Nawaz President Nawaz Sharif an attempt to hoodwink the masses.
Published 09 Aug, 2012 12:00am
LHC grants bail to three Special Branch officials

LHC grants bail to three Special Branch officials

The Lahore High Court (LHC) here Wednesday granted protected bail to three officials of Special Branch allegedly involved in a case of releasing false intelligence report about murder plot of former LHC Chief Justice Khwaja Muhammad Sharif. The court gran
Published 09 Aug, 2012 12:00am
TQI criticises increase in POL prices

TQI criticises increase in POL prices

Tajir Qaumi Ittehad (TQI) Chairman Tariq Mehmood Malik strongly criticised the recent increase in petroleum products' prices and unscheduled Loadshedding of electricity and gas during Ramazan, saying that the crises had added to the poor's miseries. The T
Published 09 Aug, 2012 12:00am
USDA offers collaboration with UVAS

USDA offers collaboration with UVAS

The United States Department of Agriculture (USDA) has offered to collaborate with the University of Veterinary and Animal Sciences (UVAS) Lahore in meat production, dairy genetics, food safety and hygiene, training of master trainers in animal production
Published 09 Aug, 2012 12:00am
Disabled persons: Philanthropists urged to take part in rehabilitation

Disabled persons: Philanthropists urged to take part in rehabilitation

Lahore Business-men Association for Rehabilita-tion of Disabled (Labard) has said that philanthropists could participate in the noble cause of rehabilitation of disabled persons by their donations and Zakat. The Labard Governing Body Members in a statemen
Published 09 Aug, 2012 12:00am
Afghan civilian casualties down first time in five years: UN

Afghan civilian casualties down first time in five years: UN

The number of Afghan civilian casualties has fallen for the first time in five years, dropping by 15 percent in the first half of 2012, the United Nations said Wednesday as a double suicide attack killed three US soldiers. "This is the first time we have
Published 09 Aug, 2012 12:00am
Iraq attacks kill 19

Iraq attacks kill 19

A car bomb targeting Shia pilgrims in Iraq and the shooting of a lawyer and his family left 19 people dead on Wednesday, after al Qaeda warned it would target lawyers and retake territory in a new campaign. The attacks were the latest in an apparent spike
Published 09 Aug, 2012 12:00am
India can monitor BlackBerry without codes

India can monitor BlackBerry without codes

India has found a way to monitor BlackBerry corporate emails without asking developer Research in Motion (RIM) to hand over encryption codes a report said Wednesday, which could help end a stand-off with the Canadian company. RIM and the Indian government
Published 09 Aug, 2012 12:00am
Iranian woman leaves US prison after Oman mediation

Iranian woman leaves US prison after Oman mediation

An Iranian woman, jailed by the United States for attempting to export military equipment to Tehran, has been freed and arrived in Oman on Tuesday, the government in Muscat announced. A foreign ministry spokesman thanked the US government for releasing Sh
Published 09 Aug, 2012 12:00am
US call for 'flexibility' on warming spurs row

US call for 'flexibility' on warming spurs row

The United States ran into crossfire on Wednesday after it called for "flexibility" in climate talks yet acknowledged this may not guarantee meeting the UN's target on global warming. Europe and Africa demanded that a two-degree-Celsius (3.6-degree-Fahren
Published 09 Aug, 2012 12:00am
18 Cubans reach Florida in makeshift boat

18 Cubans reach Florida in makeshift boat

A group of 18 Cuban refugees landed on a Florida beach early Wednesday after a five-day sea passage aboard a makeshift vessel powered by a Russian automobile engine, the US Border Patrol said. The craft was spotted by the West Palm Beach police after it c
Published 09 Aug, 2012 12:00am
Google merges online and offline worlds in Maps

Google merges online and offline worlds in Maps

Google on Wednesday took another step in its quest to merge the Internet with the real world with Maps and put itself at the heart of mobile gadget lifestyles in the process. The California technology titan added Poland and the Ukraine to the list of more
Published 09 Aug, 2012 12:00am
Wisconsin Sikh temple gunman died by own hand: FBI

Wisconsin Sikh temple gunman died by own hand: FBI

The white supremacist gunman who killed six people at a Sikh temple in Wisconsin died of a self-inflicted gunshot wound to the head, the FBI said on Wednesday. A police officer shot and wounded the gunman, Wade Page, 40, in the stomach outside the temple
Published 09 Aug, 2012 12:00am
Egypt army declares success in Sinai crackdown

Egypt army declares success in Sinai crackdown

Egypt's President Mohamed Morsi sacked his spy chief and two generals on Wednesday after a deadly ambush on soldiers prompted the military to launch unprecedented air strikes on militants in the Sinai. The government appeared set on regaining control of S
Published 09 Aug, 2012 12:00am
Ukraine leader signs contentious Russian language bill into law

Ukraine leader signs contentious Russian language bill into law

Ukrainian President Viktor Yanukovich on Wednesday signed into law a bill which will make Russian the official language in parts of the former Soviet republic, angering opponents who warn it risks splitting the country. The political opposition, which has
Published 09 Aug, 2012 12:00am
Belarus expels Swedish diplomats, recalls own envoys

Belarus expels Swedish diplomats, recalls own envoys

Sweden's ties with Belarus soured further Wednesday as Minsk expelled all Swedish diplomats and closed its Stockholm mission, in a rift over human rights following a stunt involving teddy bears. President Alexander Lukashenko "is now throwing all Swedish
Published 09 Aug, 2012 12:00am
Mujtaba for providing scientific education to youth

Mujtaba for providing scientific education to youth

Minister for Education Punjab Mian Mujtaba Shuja-ur-Rehman has said that persons who voluntarily dedicate their lives and resources for social welfare are the assets of the society and government would provide all out co-operation and assistance to such p
Published 09 Aug, 2012 12:00am
Caretaker set-up: PPP to begin talks with PML-N after Eid

Caretaker set-up: PPP to begin talks with PML-N after Eid

Pakistan People's Party (PPP) will begin formal negotiations with main opposition party Pakistan Muslim League-Nawaz (PML-N) after Eid-ul-Fitr on the formation of a caretaker set-up, a constitutional requirement prior to general election, it is learnt.
Published 09 Aug, 2012 12:00am
Seven-year-old boy among three killed in Karachi

Seven-year-old boy among three killed in Karachi

At least three persons, including a seven-year-old boy, were killed on Wednesday while six others were injured in various incidents of violence in various parts of the Sindh metropolis. According to police and rescue sources, two bodies bearing torture ma
Published 09 Aug, 2012 12:00am
Youm-e-Ali: police take extraordinary security measures

Youm-e-Ali: police take extraordinary security measures

Sindh police have taken extraordinary security measures under a contingency plan devised for maintaining peace during Youm-e-Ali. The contingency plan has been circulated among the DIGs, SSPs of the five districts and SHOs of Karachi. Contingency plan env
Published 09 Aug, 2012 12:00am
UBL poised for entry in India

UBL poised for entry in India

Post privatisation, United Bank Ltd (UBL) has had a specific focus on the development and diversification of its International franchise. In this regard the Bank has been striving to consolidate its Middle East presence, and focus on expansion in SAARC, F
Published 09 Aug, 2012 12:00am
Ephedrine case: ANF asked to file its plea in trial court

Ephedrine case: ANF asked to file its plea in trial court

Chief Justice Iftikhar Muhammad Chaudhry directed the Anti-Narcotics Force (ANF) to file an application in the concerned trial court on its plea to place the names of 14 accused in the ephedrine scam on Exit Control List (ECL).
Published 09 Aug, 2012 12:00am
KESC posts Rs 2.62 billion profit after tax

KESC posts Rs 2.62 billion profit after tax

After making losses during last 17 years and after seven years of privatisation, the Karachi Electric Supply Company (KESC) has announced surprising financial results and posted Rs 2.620 billion as profit after tax for the year ended June 30, 2012 (FY12)
Published 09 Aug, 2012 12:00am
KESC posts Rs 2.62 billion profit after tax

KESC posts Rs 2.62 billion profit after tax

After making losses during last 17 years and after seven years of privatisation, the Karachi Electric Supply Company (KESC) has announced surprising financial results and posted Rs 2.620 billion as profit after tax for the year ended June 30, 2012 (FY12)
Published 09 Aug, 2012 12:00am
Pakistan, Sudan: need for educational linkages stressed

Pakistan, Sudan: need for educational linkages stressed

"Pakistan and Sudan have important strategic value in their own regions, but they are unfairly treated by western powers and international media. Pakistan and Sudan have similar features, while it is extremely important for both the countries to make the
Published 09 Aug, 2012 12:00am
Two former PSF workers injured in 'car blast'

Two former PSF workers injured in 'car blast'

At least two former workers of People's Student Federation (PSF) were injured, when high explosive material planted in a car went off in F.B Area in the limits of Gulberg police station on Wednesday evening. According to police sources, an explosive mater
Published 09 Aug, 2012 12:00am
Cherat Cement Pakistan Limited

Cherat Cement Pakistan Limited

Cherat Cement was incorporated in 1981 and is listed on the Karachi, Lahore and Islamabad stock exchanges. The plant is located about 52 kilometres from Peshawar (NWFP) near Nowshera, while the factory is built on the land bordering the Cherat Hills, the
Published 09 Aug, 2012 12:00am
Cherat Cement Pakistan Limited

Cherat Cement Pakistan Limited

Cherat Cement was incorporated in 1981 and is listed on the Karachi, Lahore and Islamabad stock exchanges. The plant is located about 52 kilometres from Peshawar (NWFP) near Nowshera, while the factory is built on the land bordering the Cherat Hills, the
Published 09 Aug, 2012 12:00am
Russia sees no need for grain export tariffs

Russia sees no need for grain export tariffs

Russian Deputy Prime Minister Arkady Dvorkovich said on Wednesday that Russia had no grounds to ban grain exports but did not rule out protective export tariffs after the end of the 2012 calendar year. Dvorkovich said Russia's new crop and stocks would pr
Published 09 Aug, 2012 12:00am
Shanghai copper flat

Shanghai copper flat

The most-traded November copper contract on the Shanghai Futures Exchange closed flat at 54,700 yuan ($8,600) a tonne on Wednesday.
Published 09 Aug, 2012 12:00am
Copper retreats

Copper retreats

Copper retreated on Wednesday from a one-week high hit in the previous session as a weak euro weighed on metals and because investors were cautious ahead of trade data from top metals consumer China. Benchmark copper on the London Metal Exchange (LME) clo
Published 09 Aug, 2012 12:00am
Oil futures mixed on big US inventory draw

Oil futures mixed on big US inventory draw

Oil futures turned mixed in late trading on Wednesday after leaping to three-month highs on US government data showing a sharp drawdown in domestic crude stockpiles last week and amid worries about lower North Sea oil production. Trading was choppy and th
Published 09 Aug, 2012 12:00am
Tokyo rubber plunges

Tokyo rubber plunges

Tokyo rubber futures fell more than 3 percent on Wednesday to their lowest level since October 2009, tracking a fall in Shanghai rubber prices that was triggered by fears that Chinese economic data due this week will be worse than expected. The most-activ
Published 09 Aug, 2012 12:00am
Corn and soya lower

Corn and soya lower

US corn and soyabean futures reversed course to end lower on Tuesday as investors took profits on updated weather forecasts for more rainfall in the Midwest farm belt, and on selling ahead of Friday's key government crop report detailing drought damage.
Published 09 Aug, 2012 12:00am
Palm oil tumbles

Palm oil tumbles

Malaysian crude palm oil prices fell to near eight-week lows on Wednesday on expectations that stocks of the edible oil recovered in July. Stocks likely climbed in July to their highest since February as exports slow and production rises, snapping four st
Published 09 Aug, 2012 12:00am
Cocoa moves up

Cocoa moves up

Cocoa futures inched up to multi-month highs on Wednesday, supported by the threat of El Nino weather conditions on the West African crop and chart-based buying, while raw sugar closed at a six-week low. Coffee eased with some pressure coming from the fir
Published 09 Aug, 2012 12:00am
Gold flat in New York

Gold flat in New York

Gold was nearly flat on Tuesday, with volume much lighter than average for a second consecutive day as investors were uncertain about whether central banks would act to stimulate sputtering economies. The metal traded in a tight range of less than $10 an
Published 09 Aug, 2012 12:00am
Gold little changed in Asia

Gold little changed in Asia

Gold was little changed on Wednesday after climbing for three days, supported by hopes that Europe and the United States would launch more stimulus measures to help shore up their faltering economies. Spot gold was little changed at $1,609.91 per ounce by
Published 09 Aug, 2012 12:00am
Gold rises in London

Gold rises in London

Gold prices turned higher on Wednesday, gaining support from bets that central banks would unveil more bullion-friendly stimulus measures this year, with a recovery in stock markets also taking some downward pressure off the metal. Speculation that the Fe
Published 09 Aug, 2012 12:00am
US MIDDAY: corn and soya up

US MIDDAY: corn and soya up

US corn futures rallied in choppy trading early on Wednesday as traders adjusted positions ahead of a keenly awaited US government crop report that may predict the lowest US corn yield in 15 years. Talk of end-user demand buoyed corn as well as nearby soy
Published 09 Aug, 2012 12:00am
US MIDDAY: copper falls

US MIDDAY: copper falls

COMEX copper for September delivery fell 1.90 cents to settle at $3.4215 per lb, after dealing in a range between $3.4030 and $3.4330. On Tuesday, it rallied to a one-week high at $3.4490. COMEX volumes neared 56,500 lots in late New York trade, more than
Published 09 Aug, 2012 12:00am
US MIDDAY: gold edges up

US MIDDAY: gold edges up

Gold edged up, but remained in a tight range, on Wednesday as trading was quiet again due to investor uncertainty about whether central banks would act to stimulate frail economies. Comments from Bank of England Governor Mervyn King saying there was no ur
Published 09 Aug, 2012 12:00am
SCCI hails customs collector's appointment

SCCI hails customs collector's appointment

Vice President, Sarhad Chamber of Commerce and Industry (SCCI), Ziaul Haq Sarhadi hailed the appointment of Zulfiqar A Kazmi as Customs Collector, Peshawar, expressed the hope that he would continue his services for resolution of business community issues
Published 09 Aug, 2012 12:00am
30,000 peacocks vaccinated: only 38 birds killed by disease, PA informed

30,000 peacocks vaccinated: only 38 birds killed by disease, PA informed

Sindh Wildlife Minister, Dr Daya Ram, refuted the claims appeared recently in news media over the killings of huge number of Thar peacocks, saying that there were only 38 birds perished due to the viral castle disease. Giving explanation on the Sindh Asse
Published 09 Aug, 2012 12:00am
Sixth Pakistan SME Conference in September

Sixth Pakistan SME Conference in September

The 6TH Pakistan SME Conference 2012 organised annually by SHAMROCK Conferences International (www.shamrockconferences.net) will be held on September 5, 2012 at the Marriott Hotel, Karachi. A number of issues now crippling the SME sector in Pakistan will
Published 09 Aug, 2012 12:00am
Prime Minister to visit Thar Coal Field

Prime Minister to visit Thar Coal Field

Prime Minister Raja Pervez Ashraf will be on a two-day visit to Sindh from Thursday (today) where he will visit Thar Coal Field and Pakistan Steel Mills in Karachi. During his stay in Karachi, he will hold meetings with political leaders and people from d
Published 09 Aug, 2012 12:00am
Political parties should file statements of accounts by 29th: ECP

Political parties should file statements of accounts by 29th: ECP

The Election Commission of Pakistan (ECP) has once again drawn attention of political parties to provisions of Article 13 of the Political Parties Order, 2002, which provides that every political party shall submit to the Election Commission, within 60 da
Published 09 Aug, 2012 12:00am
US should emphasise on the need for increased trade: KCCI

US should emphasise on the need for increased trade: KCCI

President Karachi Chamber of Commerce and Industry (KCCI) Mian Abrar Ahmed has expressed his believe that aid coming from United States is evaporated in making feasibilities and other non-productive areas. Speaking at Iftar dinner hosted by KCCI in the ho
Published 09 Aug, 2012 12:00am
Starwood Hotels & Resorts celebrates Iftar with cab drivers

Starwood Hotels & Resorts celebrates Iftar with cab drivers

Starwood Hotels & Resorts celebrated Iftar on Tuesday with hundreds of taxi drivers from across the Middle East as part of its ongoing commitment to the holy month of Ramazan. Now in its third year, Starwood's 'Iftar for Cabs' campaign brought more than 3
Published 09 Aug, 2012 12:00am
HEC approves name of SU pro-vice chancellor Dadu campus

HEC approves name of SU pro-vice chancellor Dadu campus

The Higher Education Commission (HEC) Islamabad has approved the name of pro-Vice Chancellor, University of Sindh, Dadu campus, Dr Anwar Ali Shah G. Syed, as supervisor for Ph.D level students' funded under various HEC in-country scholarships programmes f
Published 09 Aug, 2012 12:00am
UK Team wins Cima Global Business Challenge

UK Team wins Cima Global Business Challenge

CIMA (Chartered Institute of Management Accountants) is delighted to announce that The Indivisible from Exeter University have been crowned global champion at the prestigious 2012 CIMA Global Business Challenge (GBC) in partnership with Barclays.
Published 09 Aug, 2012 12:00am
An appeal to Khadim-e-Aala

An appeal to Khadim-e-Aala

Sindh Irrigation minister Saifullah Dharejo has repeatedly pointed out that Sindh's share of water is being stolen through uplift pumps installed in the jurisdiction of Punjab for the past many years.
Published 09 Aug, 2012 12:00am
No end in sight for energy crisis

No end in sight for energy crisis

India may claim the world's biggest blackout, but in neighbouring Pakistan an endemic energy crisis blamed on years of mismanagement cripples the economy and makes millions of lives a daily misery. Six weeks after the new prime minister in Islamabad promi
Published 09 Aug, 2012 12:00am
Anti-money laundering compliance: How countries are evaluated

Anti-money laundering compliance: How countries are evaluated

The comity of nations is becoming more serious in respect of anti-money laundering and terrorist financing. Financial Action Task Force has been established to review the progress made by individual countries. How the progress is evaluated these are crite
Published 09 Aug, 2012 12:00am
Fiscal mess and debt burden - I

Fiscal mess and debt burden - I

The persistent failure of economic managers to bring fiscal deficit within reasonable limits - it jumped to 8.5% of GDP during fiscal year 2011-12 against the original projection of 4% and revised figure of 5.5% of GDP - is a serious cause for concern as
Published 09 Aug, 2012 12:00am
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