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Print - 2012-09-09
Joint Commission reactivated

Joint Commission reactivated

Pakistan and India have reactivated the defunct Joint Commission after more than seven years and identified avenues of mutually beneficial co-operation in eight fields. According to Foreign Office, the Pakistan-India Joint Commission met here on September
Published 09 Sep, 2012 12:00am
Joint Commission reactivated

Joint Commission reactivated

Pakistan and India have reactivated the defunct Joint Commission after more than seven years and identified avenues of mutually beneficial co-operation in eight fields. According to Foreign Office, the Pakistan-India Joint Commission met here on September
Published 09 Sep, 2012 12:00am
Joint Commission reactivated

Joint Commission reactivated

Pakistan and India have reactivated the defunct Joint Commission after more than seven years and identified avenues of mutually beneficial co-operation in eight fields. According to Foreign Office, the Pakistan-India Joint Commission met here on September
Published 09 Sep, 2012 12:00am
Zardari, Altaf discuss situation

Zardari, Altaf discuss situation

Chief of Muttahida Quami Movement (MQM) Altaf Hussein and President Asif Ali Zardari on Saturday discussed on telephone the situation emerging after the promulgation of the local government ordinance in Sindh. They also exchanged views on the overall dome
Published 09 Sep, 2012 12:00am
Zardari, Altaf discuss situation

Zardari, Altaf discuss situation

Chief of Muttahida Quami Movement (MQM) Altaf Hussein and President Asif Ali Zardari on Saturday discussed on telephone the situation emerging after the promulgation of the local government ordinance in Sindh. They also exchanged views on the overall dome
Published 09 Sep, 2012 12:00am
Four ministers, two advisors resign from Sindh government

Four ministers, two advisors resign from Sindh government

A crisis-like situation still persists in Sindh as four provincial ministers, two advisors and two special assistants to the Chief Minister from PML-F, NPP AND PML-Q have submitted their resignations at the Chief Minister House through their private secre
Published 09 Sep, 2012 12:00am
Four ministers, two advisors resign from Sindh government

Four ministers, two advisors resign from Sindh government

A crisis-like situation still persists in Sindh as four provincial ministers, two advisors and two special assistants to the Chief Minister from PML-F, NPP AND PML-Q have submitted their resignations at the Chief Minister House through their private secre
Published 09 Sep, 2012 12:00am
Chief minister meets elected PPP representatives

Chief minister meets elected PPP representatives

Sindh Chief Minister Syed Qaim Ali Shah on Saturday presided a meeting of elected representatives of Karachi Division at CM House. The meeting was attended by Nabeel Gabol MNA, Abdul Qadir Patel MNA, Sher Muhammad Baloch MNA, Rafiq Engineer, Sharjeel Inam
Published 09 Sep, 2012 12:00am
Those opposing LG system are enemies of democracy: Altaf

Those opposing LG system are enemies of democracy: Altaf

All elements opposing the local government system in Sindh are dictators and enemies of democracy, Muttahida Qaumi Movement chief Altaf Hussain said on Saturday. Addressing workers' meetings held in Karachi and across the country via telephone, Altaf Huss
Published 09 Sep, 2012 12:00am
China sees further widening yuan band an option

China sees further widening yuan band an option

Further widening the trading band for China''s yuan is a policy option that the central bank may adopt in the future to better reflect market forces, a senior official from the People''s Bank of China said on Saturday, giving no timeframe. Guo Jianwei, de
Published 09 Sep, 2012 12:00am
China sees further widening yuan band an option

China sees further widening yuan band an option

Further widening the trading band for China's yuan is a policy option that the central bank may adopt in the future to better reflect market forces, a senior official from the People's Bank of China said on Saturday, giving no timeframe. Guo Jianwei, depu
Published 09 Sep, 2012 12:00am
China sees further widening yuan band an option

China sees further widening yuan band an option

Further widening the trading band for China's yuan is a policy option that the central bank may adopt in the future to better reflect market forces, a senior official from the People's Bank of China said on Saturday, giving no timeframe. Guo Jianwei, depu
Published 09 Sep, 2012 12:00am
US Haqqani blacklist 'ineffective': Taliban

US Haqqani blacklist 'ineffective': Taliban

The Taliban denounced Saturday US moves to blacklist the Al-Qaeda-linked Haqqani network as a terrorist organisation, saying it would have no impact on operations and was indicative of US defeat in Afghanistan. In a statement released through micro-bloggi
Published 09 Sep, 2012 12:00am
US Haqqani blacklist 'ineffective': Taliban

US Haqqani blacklist 'ineffective': Taliban

The Taliban denounced Saturday US moves to blacklist the Al-Qaeda-linked Haqqani network as a terrorist organisation, saying it would have no impact on operations and was indicative of US defeat in Afghanistan. In a statement released through micro-bloggi
Published 09 Sep, 2012 12:00am
Bomber kills six teens in Kabul

Bomber kills six teens in Kabul

A suicide bomber struck outside Nato headquarters in Kabul on Saturday, killing six street children a day after the United States moved to blacklist the Haqqani faction as a terrorist organisation The Taliban, leading a decade-long insurgency against Nato
Published 09 Sep, 2012 12:00am
Bomber kills six teens in Kabul

Bomber kills six teens in Kabul

A suicide bomber struck outside Nato headquarters in Kabul on Saturday, killing six street children a day after the United States moved to blacklist the Haqqani faction as a terrorist organisation The Taliban, leading a decade-long insurgency against Nato
Published 09 Sep, 2012 12:00am
Businessmen call for 10-year multiple visas

Businessmen call for 10-year multiple visas

The country''s business community fully supported the one-year visa for India, but demanded a 10-year multiple visa for frequent interactions between the businessmen of the two countries. "Liberal visa regime between Pakistan and India is a good omen but
Published 09 Sep, 2012 12:00am
Businessmen call for 10-year multiple visas

Businessmen call for 10-year multiple visas

The country's business community fully supported the one-year visa for India, but demanded a 10-year multiple visa for frequent interactions between the businessmen of the two countries. "Liberal visa regime between Pakistan and India is a good omen but v
Published 09 Sep, 2012 12:00am
Businessmen call for 10-year multiple visas

Businessmen call for 10-year multiple visas

The country's business community fully supported the one-year visa for India, but demanded a 10-year multiple visa for frequent interactions between the businessmen of the two countries. "Liberal visa regime between Pakistan and India is a good omen but v
Published 09 Sep, 2012 12:00am
Singh warns of dangers of social media

Singh warns of dangers of social media

Indian Premier Manmohan Singh warned Saturday over the use of social media to inflame ethnic tensions after online threats and text messages sparked a mass exodus of migrants from southern cities. Singh also spoke of "increasing infiltration attempts" by
Published 09 Sep, 2012 12:00am
Singh warns of dangers of social media

Singh warns of dangers of social media

Indian Premier Manmohan Singh warned Saturday over the use of social media to inflame ethnic tensions after online threats and text messages sparked a mass exodus of migrants from southern cities. Singh also spoke of "increasing infiltration attempts" by
Published 09 Sep, 2012 12:00am
Text of joint statement

Text of joint statement

The meeting between Foreign Minister Hina Rabbani Khar and Indian External Minister for Foreign Affairs S.M. Krishna held here at Foreign Office on Saturday was in a cordial, candid and constructive atmosphere. According to joint statement issued followin
Published 09 Sep, 2012 12:00am
Text of joint statement

Text of joint statement

The meeting between Foreign Minister Hina Rabbani Khar and Indian External Minister for Foreign Affairs S.M. Krishna held here at Foreign Office on Saturday was in a cordial, candid and constructive atmosphere. According to joint statement issued followin
Published 09 Sep, 2012 12:00am
Text of joint statement

Text of joint statement

The meeting between Foreign Minister Hina Rabbani Khar and Indian External Minister for Foreign Affairs S.M. Krishna held here at Foreign Office on Saturday was in a cordial, candid and constructive atmosphere. According to joint statement issued followin
Published 09 Sep, 2012 12:00am
Text of joint statement

Text of joint statement

The meeting between Foreign Minister Hina Rabbani Khar and Indian External Minister for Foreign Affairs S.M. Krishna held here at Foreign Office on Saturday was in a cordial, candid and constructive atmosphere. According to joint statement issued followin
Published 09 Sep, 2012 12:00am
Pakistan, India vow to ''''write new chapter of peace''''

Pakistan, India vow to ''''write new chapter of peace''''

Pakistan and India Saturday vowed to work together for resolving all outstanding issues peacefully with commitment that both the countries will move forward to write a new chapter of peace and co-operation by ignoring the bitter past.
Published 09 Sep, 2012 12:00am
Pakistan, India vow to ''write new chapter of peace''

Pakistan, India vow to ''write new chapter of peace''

Pakistan and India Saturday vowed to work together for resolving all outstanding issues peacefully with commitment that both the countries will move forward to write a new chapter of peace and co-operation by ignoring the bitter past.
Published 09 Sep, 2012 12:00am
Pakistan, India vow to 'write new chapter of peace'

Pakistan, India vow to 'write new chapter of peace'

Pakistan and India Saturday vowed to work together for resolving all outstanding issues peacefully with commitment that both the countries will move forward to write a new chapter of peace and co-operation by ignoring the bitter past.
Published 09 Sep, 2012 12:00am
Pakistan, India vow to 'write new chapter of peace'

Pakistan, India vow to 'write new chapter of peace'

Pakistan and India Saturday vowed to work together for resolving all outstanding issues peacefully with commitment that both the countries will move forward to write a new chapter of peace and co-operation by ignoring the bitter past.
Published 09 Sep, 2012 12:00am
New regime offers eight types of visas: Krishna, Malik sign agreement

New regime offers eight types of visas: Krishna, Malik sign agreement

Pakistan and India on Saturday signed a new liberal visa agreement, offering eight types of visas, including group, tourist and pilgrim visas. However, there will be separate visas for businessmen and those over 65 years of age. Interior Minister Rehman M
Published 09 Sep, 2012 12:00am
New regime offers eight types of visas: Krishna, Malik sign agreement

New regime offers eight types of visas: Krishna, Malik sign agreement

Pakistan and India on Saturday signed a new liberal visa agreement, offering eight types of visas, including group, tourist and pilgrim visas. However, there will be separate visas for businessmen and those over 65 years of age. Interior Minister Rehman M
Published 09 Sep, 2012 12:00am
New regime offers eight types of visas: Krishna, Malik sign agreement

New regime offers eight types of visas: Krishna, Malik sign agreement

Pakistan and India on Saturday signed a new liberal visa agreement, offering eight types of visas, including group, tourist and pilgrim visas. However, there will be separate visas for businessmen and those over 65 years of age. Interior Minister Rehman M
Published 09 Sep, 2012 12:00am
New regime offers eight types of visas: Krishna, Malik sign agreement

New regime offers eight types of visas: Krishna, Malik sign agreement

Pakistan and India on Saturday signed a new liberal visa agreement, offering eight types of visas, including group, tourist and pilgrim visas. However, there will be separate visas for businessmen and those over 65 years of age. Interior Minister Rehman M
Published 09 Sep, 2012 12:00am
Iran slams Canada for breaking off relations

Iran slams Canada for breaking off relations

Iran hit out at Canada's decision to break off diplomatic ties, with foreign ministry spokesman Ramin Mehmanparast accusing the Canadian government of being "under the influence of the Zionist regime." Canada closed its Tehran embassy on Friday and ordere
Published 09 Sep, 2012 12:00am
Iran slams Canada for breaking off relations

Iran slams Canada for breaking off relations

Iran hit out at Canada's decision to break off diplomatic ties, with foreign ministry spokesman Ramin Mehmanparast accusing the Canadian government of being "under the influence of the Zionist regime." Canada closed its Tehran embassy on Friday and ordere
Published 09 Sep, 2012 12:00am
Turkmenistan scraps big Iran railway deal

Turkmenistan scraps big Iran railway deal

Turkmenistan has scrapped a $700 million contract for an Iranian company to build a key section of a major new railway line along the eastern shore of the Caspian Sea, state media said on Saturday. Turkmenistan decided to annul the contract with Iran''s P
Published 09 Sep, 2012 12:00am
Turkmenistan scraps big Iran railway deal

Turkmenistan scraps big Iran railway deal

Turkmenistan has scrapped a $700 million contract for an Iranian company to build a key section of a major new railway line along the eastern shore of the Caspian Sea, state media said on Saturday. Turkmenistan decided to annul the contract with Iran's Pa
Published 09 Sep, 2012 12:00am
Turkmenistan scraps big Iran railway deal

Turkmenistan scraps big Iran railway deal

Turkmenistan has scrapped a $700 million contract for an Iranian company to build a key section of a major new railway line along the eastern shore of the Caspian Sea, state media said on Saturday. Turkmenistan decided to annul the contract with Iran's Pa
Published 09 Sep, 2012 12:00am
China, Russia sound alarm on world economy

China, Russia sound alarm on world economy

China and Russia sounded the alarm about the state of the global economy at a summit on Saturday and urged Asian-Pacific countries to protect themselves by forging deeper regional economic ties. Chinese President Hu Jintao said Beijing would do all it cou
Published 09 Sep, 2012 12:00am
China, Russia sound alarm on world economy

China, Russia sound alarm on world economy

China and Russia sounded the alarm about the state of the global economy at a summit on Saturday and urged Asian-Pacific countries to protect themselves by forging deeper regional economic ties. Chinese President Hu Jintao said Beijing would do all it cou
Published 09 Sep, 2012 12:00am
China, Russia sound alarm on world economy

China, Russia sound alarm on world economy

China and Russia sounded the alarm about the state of the global economy at a summit on Saturday and urged Asian-Pacific countries to protect themselves by forging deeper regional economic ties. Chinese President Hu Jintao said Beijing would do all it cou
Published 09 Sep, 2012 12:00am
Your rupee last month

Your rupee last month

Following currency fluctuations took place in foreign exchange rates during the last month. (August 1 to August 31, 2012)

Published 09 Sep, 2012 12:00am
The Weather

The Weather

The weather report on Saturday (September 08, 2012) and the forecast for Sunday (September 09, 2012).

Published 09 Sep, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (September 08, 2012).

Published 09 Sep, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (September 08, 2012).

Published 09 Sep, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (September 08, 2012).

Published 09 Sep, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (September 08, 2012).

Published 09 Sep, 2012 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 08, 2012).

Published 09 Sep, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (September 08, 2012).

Published 09 Sep, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (September 08, 2012).

Published 09 Sep, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 08, 2012).

Published 09 Sep, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 08, 2012).

Published 09 Sep, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 08, 2012).

Published 09 Sep, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 08, 2012).

Published 09 Sep, 2012 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (September 08, 2012).

Published 09 Sep, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (September 08, 2012).

Published 09 Sep, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (September 08, 2012).

Published 09 Sep, 2012 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

Steadier trend was seen on the currency market on Saturday as the rupee retained its overnight levels against the dollar in process of trading, dealers said. For the second day in a row, the rupee maintained a firm posture against the dollar for buying an
Published 09 Sep, 2012 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

Steadier trend was seen on the currency market on Saturday as the rupee retained its overnight levels against the dollar in process of trading, dealers said. For the second day in a row, the rupee maintained a firm posture against the dollar for buying an
Published 09 Sep, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (September 08, 2012).

Published 09 Sep, 2012 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (September 08, 2012).

Published 09 Sep, 2012 12:00am
Small business seen on grain market

Small business seen on grain market

Upward trend was witnessed on the wholesale grain market on Saturday in process of trading, dealers said. On the cereals side, Makai low type gained Rs 50 to Rs 2600 and the best type was higher by Rs 75 to Rs 2575 due to tight supplies, other commodity i
Published 09 Sep, 2012 12:00am
Seedcotton prices resist fall on cotton market

Seedcotton prices resist fall on cotton market

Phutti resisted sharp decline on the cotton market on Saturday in process of modest trading, dealers said. Official spot rate was unchanged at Rs 5650, they said. In the ready business, prices came down as nearly 5000 bales of cotton changed hands between
Published 09 Sep, 2012 12:00am
Canadian canola futures rise slightly

Canadian canola futures rise slightly

ICE Canadian canola futures rose slightly on Friday, supported by a report by Statistics Canada that pegged mid-summer canola stocks at their lowest level in eight years. Total Canada canola stocks as of July 31 estimated at 788,000 tonnes versus trade es
Published 09 Sep, 2012 12:00am
Shanghai Port August container throughput falls

Shanghai Port August container throughput falls

Shanghai Port, the world's busiest container port, saw its container volume fall 7.1 percent from a year earlier, its second consecutive monthly decline, signalling a slowdown in China's trade activities. Container throughput reached 2.61 million twenty-f
Published 09 Sep, 2012 12:00am
US natgas futures end down three percent

US natgas futures end down three percent

US natural gas futures slid over 3 percent on Friday, and ended the holiday-shortened trading week down more than 4 percent, as milder autumn weather was expected to curb any late-season demand for cooling or early-season demand for heat. "The natural gas
Published 09 Sep, 2012 12:00am
Price differentials for Brazil's arabica firm in European coffee market

Price differentials for Brazil's arabica firm in European coffee market

Price differentials for Brazilian arabica firmed in Europe's cash coffee market this week on a lack of selling by the country's producers who were deterred by low coffee futures, traders said on Friday. "A lot of Brazilian producers are holding their coff
Published 09 Sep, 2012 12:00am
US Midwest corn, soya bids weak

US Midwest corn, soya bids weak

Spot cash basis bids for corn and soyabeans were mostly steady to weak in the US Midwest interior on Friday as harvest picked up in some areas, helping to replenish supply pipelines, dealers said. The soyabean basis fell by 10 cents at Decatur, Illinois,
Published 09 Sep, 2012 12:00am
India exports 176,000 tonnes of sugar to Iran

India exports 176,000 tonnes of sugar to Iran

India has sealed deals to export 176,000 tonnes of sugar to sanctions-hit Iran so far this year and a vessel with 32,000 tonnes of that, the last consignment, is being loaded at a southern port, trade sources said on Thursday. "Of the 176,000 tonnes, abou
Published 09 Sep, 2012 12:00am
European vegetable oils continue to weaker

European vegetable oils continue to weaker

The European vegetable oils market continued to ease on Friday on a strong supply outlook for palm oil and pressure from the US soyabean harvest. "It is about the same story as the day before, but dollar priced products moved a little off the day's lows d
Published 09 Sep, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 89,591 tonnes of cargo comprising 57,176 tonnes of import cargo and 32,415 tonnes of export cargo including 4,392 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 57,176 ton
Published 09 Sep, 2012 12:00am
Argentine wheat to suffer losses in flood-hit areas

Argentine wheat to suffer losses in flood-hit areas

Flooding in parts of Argentina's biggest grains province could cause serious yield damage and force farmers to write off some fields altogether, the Agriculture Ministry said on Friday in a weekly crop report. Argentina, which had record rainfall in Augus
Published 09 Sep, 2012 12:00am
Indonesia's August refined tin exports down 32 percent

Indonesia's August refined tin exports down 32 percent

Shipments of refined tin from Indonesia fell 32 percent in August on the month, a trade ministry official said on Friday, as current low prices for the metal hold down supplies from the world's top exporter. Indonesia's August tin exports fell to 5,645.87
Published 09 Sep, 2012 12:00am
White House to release spending cuts report next week

White House to release spending cuts report next week

The Obama administration plans to deliver a report to Congress late next week that details spending cuts that will be required if congressional leaders fail to reach a deficit reduction deal by year end. White House spokesman Jay Carney told reporters tra
Published 09 Sep, 2012 12:00am
US court rules severance pay not subject to employment tax

US court rules severance pay not subject to employment tax

In a tax decision that could have wide business implications, a US appeals court ruled on Friday that employment taxes should not have been imposed on severance pay in an involuntary layoff. The 6th Circuit Court of Appeals said Quality Stores Inc, a reta
Published 09 Sep, 2012 12:00am
US court rules severance pay not subject to employment tax

US court rules severance pay not subject to employment tax

In a tax decision that could have wide business implications, a US appeals court ruled on Friday that employment taxes should not have been imposed on severance pay in an involuntary layoff. The 6th Circuit Court of Appeals said Quality Stores Inc, a reta
Published 09 Sep, 2012 12:00am
EU seeks full bank oversight in next anti-crisis move

EU seeks full bank oversight in next anti-crisis move

The EU Commission called on Saturday for swift joint oversight of all euro zone banks, taking another step in the bloc's drive to stem its long crisis following the European Central Bank's plan to buy bonds of weak member states. Michel Barnier, the Europ
Published 09 Sep, 2012 12:00am
EU warns Russia to play by WTO rules or face action

EU warns Russia to play by WTO rules or face action

Europe's trade chief threatened to take Russia to the World Trade Organisation over a string of restrictive practices on Friday, saying Moscow needed to play by the rules now it was a member of the global body. Trade Commissioner Karel De Gucht criticised
Published 09 Sep, 2012 12:00am
Russia, Japan sign LNG deal

Russia, Japan sign LNG deal

Russia and Japan signed an agreement on Saturday to develop plans for a $7 billion liquefied natural gas plant on Russia's Pacific coast, potentially delaying gas export pipeline projects to neighbouring China and South Korea. State-controlled Gazprom, Ru
Published 09 Sep, 2012 12:00am
Overfishing pushes tuna stocks to the brink: experts

Overfishing pushes tuna stocks to the brink: experts

Global tuna stocks are fast reaching the limits of fishing sustainability, decimated by an absence of comprehensive, science-based catch limits, conservation experts warned Saturday. Five of the world's eight tuna species are already classified as threate
Published 09 Sep, 2012 12:00am
Lufthansa flights back to normal after deal

Lufthansa flights back to normal after deal

Lufthansa services were mainly back to normal Saturday after a 24-hour staff walkout that grounded half the airline's flights in Germany ended with agreement to call in a mediator. In a key concession in talks with unions Friday as cabin crew struck, Euro
Published 09 Sep, 2012 12:00am
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