A bullish trend was witnessed on the Karachi share market on Thursday and the benchmark KSE-100 index closed at a historic high and new peak of 15,845.30 points with a net gain of 91.48 points. The market opened on strong positive note and the index for t
A bullish trend was witnessed on the Karachi share market on Thursday and the benchmark KSE-100 index closed at a historic high and new peak of 15,845.30 points with a net gain of 91.48 points. The market opened on strong positive note and the index for t
Kabul on Thursday raised concerns with Islamabad for not implementing Afghanistan Pakistan Transit Trade Agreement (APTTA) in letter and in spirit and creating problems at Karachi port and border crossing points. Afghan Vice Minister for Commerce and Indu
Kabul on Thursday raised concerns with Islamabad for not implementing Afghanistan Pakistan Transit Trade Agreement (APTTA) in letter and in spirit and creating problems at Karachi port and border crossing points. Afghan Vice Minister for Commerce and Indu
Kabul on Thursday raised concerns with Islamabad for not implementing Afghanistan Pakistan Transit Trade Agreement (APTTA) in letter and in spirit and creating problems at Karachi port and border crossing points. Afghan Vice Minister for Commerce and Indu
Pakistan on Thursday lodged a protest with the US against continuing drone attacks inside it's the tribal territory, terming these attacks a clear violation of the international law and the country's sovereignty. In a statement, Foreign Office's spokesper
Pakistan on Thursday lodged a protest with the US against continuing drone attacks inside it's the tribal territory, terming these attacks a clear violation of the international law and the country's sovereignty. In a statement, Foreign Office's spokesper
A US drone attack Thursday killed 18 insurgents - mostly Afghans - at a militant compound in tribal region near the north-western border with Afghanistan, officials said. It was the second US missile strike reported in as many days in the north-west, cons
A US drone attack Thursday killed 18 insurgents - mostly Afghans - at a militant compound in tribal region near the north-western border with Afghanistan, officials said. It was the second US missile strike reported in as many days in the north-west, cons
The Special Ministerial Committee on Balochistan constituted by the Prime Minister has proposed the constitution of a committee for making diplomatic efforts to counter and expose foreign interference in the province, if any.
The Special Ministerial Committee on Balochistan constituted by the Prime Minister has proposed the constitution of a committee for making diplomatic efforts to counter and expose foreign interference in the province, if any.
Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (October 11, 2012).
Prime Minister Raja Pervez Ashraf on Thursday stressed for imparting quality education to students and said progress of a nation depends on its youth, highly educated in science and engineering. He was addressing the prize distribution ceremony for the Po
The federal Cabinet has approved the five-year extension in lease of Saindak project on the request of the Balochistan government, Minister for Information Qamar Zaman Kaira said here on Thursday. He was addressing a press conference after a Cabinet meeti
The federal Cabinet has approved the five-year extension in lease of Saindak project on the request of the Balochistan government, Minister for Information Qamar Zaman Kaira said here on Thursday. He was addressing a press conference after a Cabinet meeti
The federal Cabinet has approved the five-year extension in lease of Saindak project on the request of the Balochistan government, Minister for Information Qamar Zaman Kaira said here on Thursday. He was addressing a press conference after a Cabinet meeti
Britain said Thursday it would end a 10-year boycott of the leader of India's western Gujarat state imposed over deadly religious riots there in 2002 that left three Britons dead. Gujarat Chief Minister Narendra Modi, a right-wing Hindu nationalist, came
Britain said Thursday it would end a 10-year boycott of the leader of India's western Gujarat state imposed over deadly religious riots there in 2002 that left three Britons dead. Gujarat Chief Minister Narendra Modi, a right-wing Hindu nationalist, came
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Former federal minister for parliamentary affairs Dr Sher Afgan Niazi died of liver cancer in his native city Mianwali on Thursday. Niazi had been fighting against this deadly disease for the past six months. Political circles expressed deep sorrow and gr
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Former federal minister for parliamentary affairs Dr Sher Afgan Niazi died of liver cancer in his native city Mianwali on Thursday. Niazi had been fighting against this deadly disease for the past six months. Political circles expressed deep sorrow and gr
Jordan's state grain buyer has issued international tenders to purchase 150,000 tonnes of feed barley and 100,000 tonnes of milling wheat, European traders said on Thursday. The origin for both tenders is optional. The closing date for the barley tender i
Thin business activity was witnessed on the wholesale grain market on Thursday mainly because of balanced demand and supply position, dealers said. On the grams side, Guwar Sindh and Punjab posted fresh gain of Rs 50 to Rs 12000-13000 and yellow peas Dall
The Karachi Port handled 119,297 tonnes of cargo comprising 105,360 tonnes of import cargo and 13,937 tonnes of export cargo including 2,324 loaded & empty containers during the last 24 hours ended at 0700 hours on Thursday. The total import cargo of 105,
Ukraine exported about 356,000 tonnes of grain, mostly wheat, in the week of October 1-7, analyst UkrAgroConsult said on Wednesday. The consultancy said in a report the volume included 343,000 tonnes of wheat, 6,000 tonnes of maize and 6,700 tonnes of pea
Both the futures were unchanged on the forward cottonseeds oilcake market on Thursday in the process of trading, dealers said. The December vaida closed at Rs 445.70 and it showed no change at the open, they said. The January contract ended at Rs 895.00 a
Trading activity improved on the cotton market on Thursday as mills showed fresh interest in buying at their psychological levels, dealers said. Official spot rate stayed put at Rs 5,575, they said. In the ready business, around 28,000 bales of cotton cha
Cotton prices which had risen by about Rs 300 per maund (37.32 Kgs) during the first half of this week conceded about Rs 100 per maund on Thursday displaying weakness in the market. Some quarters in the market attributed the weakness in the cotton market
Cotton prices which had risen by about Rs 300 per maund (37.32 Kgs) during the first half of this week conceded about Rs 100 per maund on Thursday displaying weakness in the market. Some quarters in the market attributed the weakness in the cotton market
Greece's biggest company, Coca Cola Hellenic, is leaving the country, the drinks bottler said on Thursday as its move to Switzerland with a London listing for its shares dealt a blow to the crippled Greek economy. The material impact on Greece may be limi
Australian employment rose by more than expected in September but unemployment also jumped to the highest in over two years as more people looked for work, a mixed report that should not challenge market expectations for more cuts in interest rates.
A US appeals court overturned a preliminary injunction on the sale of Samsung Electronics Co Ltd's Galaxy Nexus smartphone on Thursday, dealing a blow to Apple Inc in a battle against Google Inc's increasingly popular mobile software. Apple is waging war
Central Asian natural gas reserves are unlikely to reach Europe but will instead flow to Asia, where there is sufficient demand growth and an easier environment to expand pipeline capacity, energy consultants Wood Mackenzie said on Thursday. In order to r
Alaska Airlines will buy 50 Boeing 737 single-aisle jetliners under a $5 billion deal, the largest purchase in the carrier's history, the companies said on Thursday. "This order positions us for growth and ensures that we'll continue to operate the quiete
Exports from the World Trade Organisation's least-developed countries (LDC) grew by 23.9 percent in 2011 to reach $229.8 billion (178.4 billion euros), the trade body announced Thursday. Sales of fuels and mining products contributed to the 2011 expansion
France on Thursday ratified a EU fiscal pact that requires countries with high debt to keep their structural deficits below 0.5 percent of gross domestic product to overcome the eurozone crisis. A total of 306 Senators voted for the pact and 32 against. T
China is likely to take "very aggressive" steps to kick-start its slowing economy after a once-in-a-decade leadership shuffle next month, the World Bank's newly installed chief said Thursday. "In talking with the Chinese authorities, I'm completely convin
Norwegian telecom group Telenor said on Thursday that it has settled a dispute with former Indian joint venture partner Unitech, after their jointly owned company's licences were cancelled by a court. Unitech has agreed to sell its share in the venture, U
Chinese PC maker Lenovo has taken over the top spot among computer companies from US tech giant HP, according to preliminary third-quarter sales estimates released Wednesday by research firm Gartner. The research company said that Lenovo's sales had incre
Striking gold miners in South Africa have rejected the industry's latest wage offer, a trade union said on Thursday, dimming hopes that strikes that have led to dozens of deaths and paralysed the sector could end soon. Since August, almost 100,000 workers
Auto production in sanctions-hit Iran nosedived by more than 42 percent in the past six months, media reports said on Thursday, citing industry ministry figures. Some 459,440 vehicles were produced from March 21 to September 20, according to the figures,
Growth in the world's biggest economies slowed in the second quarter of 2012 because of weaker consumption, the OECD said on Thursday, with Canada showing the strongest results and Italy the weakest. The Organisation for Economic Cooperation and Developme
Insurer Direct Line made a solid stock market debut on Thursday, marking a milestone in parent Royal Bank of Scotland's (RBS) recovery efforts. Strong demand from the general public helped RBS raise 787 million pounds ($1.3 billion) through the sale of al
Insurer Direct Line made a solid stock market debut on Thursday, marking a milestone in parent Royal Bank of Scotland's (RBS) recovery efforts. Strong demand from the general public helped RBS raise 787 million pounds ($1.3 billion) through the sale of al
The number of Americans filing new claims for jobless benefits slid last week to the lowest level in more than four and a half years, according to government data that may provide a boost to President Barack Obama a month before voters go to the polls.
Australian shares recovered from session lows to close 0.2 percent lower on Thursday, paring steeper losses after data showed a jump in jobs in September and more people looking for work. The Australian dollar hit a one-week high as expectations for a Nov
Indian shares rose on Thursday as expectations of better-than-expected earnings sent Infosys and HDFC Bank higher a day before they report results. The focus has shifted to July-September earnings, which come after the government's slew of economic and fi
Japan's Nikkei share average fell to its lowest close in more than two months on Thursday on mounting fears that upcoming corporate earnings will be weak after the US results season got off to a slow start. The Nikkei dropped 0.6 percent to 8,546.78 point
US stocks edged lower and the Nasdaq turned negative on Thursday as Apple shares fell after a legal ruling involving the sale of Samsung products and retail shares reversed course after rising on jobless claims data. The Dow Jones industrial average gaine
The S&P 500 fell for a fourth day on Wednesday, weighed down by disappointing news from Chevron and Alcoa as earnings season got under way. Chevron shares dropped 4.2 percent to $112.45 after it said third-quarter profits would be "substantially lower" th
US Treasuries prices rose on Wednesday after a sale of 10-year notes as investors worried about the health of the global economy and short bets found themselves squeezed. While traders had sold off earlier in the day to prepare for the $21 billion sale of
US Treasuries prices rose on Wednesday after a sale of 10-year notes as investors worried about the health of the global economy and short bets found themselves squeezed. While traders had sold off earlier in the day to prepare for the $21 billion sale of
Taiwan stocks ended 1.85 percent lower on Thursday, underperforming other regional bourses and pulled down by heavyweights HTC, TSMC, and Hon Hai on concerns over the global demand outlook. The main TAIEX index fell 140.29 points to 7,451.72, after openin
Hong Kong shares rose on Thursday as Chinese banks and infrastructure plays gained on expectations of more government support for the economy, offsetting weakness in local property developers. The Hang Seng rose 0.4 percent, with the index of top Hong Kon
European stocks rallied on Thursday after a drop in US jobless claims while Spain's credit downgrade raised expectations that Madrid would soon request a bailout. The FTSEurofirst 300 index of top European shares closed 0.8 percent higher at 1,098.80 poin
Stocks in Malaysia, the Philippines and Vietnam slipped in light trade on Thursday, led by blue-chip stocks such as Axiata Group Bhd and SM Investments Corp, as investors, wary of weak global economy, trimmed risks. Singapore recouped earlier losses, help
South Korean shares continued their week-long fall on Thursday as investors remained pessimistic about the global economic outlook. The Korea Composite Stock Price Index (KOSPI) closed down 0.78 percent at 1,933.09 points, the lowest since September 11, b
Britain's top shares snapped a three session losing streak on Thursday, led higher by gains in commodity and financial stocks as a fall in US jobless claims fuelled recovery hopes. The weekly claims figure was the lowest for four years and complemented la
The yuan closed at a record high against the dollar on Thursday as the People's Bank of China (PBOC) set its yuan midpoint stronger than expected, signalling tolerance for appreciation, traders said. There was little sign of central bank intervention via
Sterling edged higher against the dollar on Thursday as investors interpreted a Spanish credit downgrade as a sign Madrid is more likely to ask for financial aid, making them more willing to buy currencies perceived to be riskier. The broader recovery in
The euro fell on Thursday as uncertainty over Spain's bailout prospects continued to spook sentiment, which was also dented by a drop in share markets due to worries about slowing global growth. The euro slipped after Standard & Poor's cut Spain's soverei
The euro rose on Thursday as buying by sovereign investors helped it recover from losses made after Standard & Poor's cut Spain's credit rating to just above junk. Signals from the International Monetary Fund - which has talked tough on the euro zone this
The euro rose against the dollar for the first time in four days on Thursday after the head of the International Monetary Fund said indebted euro zone economies should have more time to cut budget deficits, overshadowing a downgrade of Spain's credit rati
The euro fell against the dollar as Thursday trading opened in Asia after Standard & Poor's downgraded Spain's credit rating, saying the country's political institutions have a declining capacity to deal with the severe challenges posed by the current eco
Interbank buy/sell rates for the taka against the dollar on Thursday. 81.25-81.27 (previous 81.25-81.3050). Call Money Rates: 07.75-08.50 percent (previous 07.75-09.50 percent).
The Australian dollar motored to a one-week high on Thursday as investors latched onto the strong points in local jobs data, even as they did nothing to dampen the prospects of further rate cuts. The market cued off the employment number and lifted the Au
The Singapore dollar rose slightly on Thursday, ahead of expected central bank moves to possibly slow the pace of appreciation in the local unit at a policy meeting, while most emerging Asian currencies recovered initial losses. Most regional currencies s
The Swiss franc rose to a one-month high against the euro in early Thursday trading as investors, rattled by a downgrade to Spain's sovereign credit rating and warnings of flagging global growth, shied away from risk. The franc rose 0.2 percent against th
The Indian rupee snapped a four-day losing streak on Thursday, boosted by dollar sales from exporters and a late rebound in the domestic share markets which likely brought some foreign fund inflows. Traders said the sell-off seen in the rupee over the las
A Memorandum of Understanding (MoU) has been signed between Aman Sports - an initiative of Aman Foundation, and Moin Khan Sports Academy (MKSA) to help promote and re-inject sports into the mainstream as well as underserved areas.
Injury-plagued spinner Daniel Vettori will miss New Zealand's tour of Sri Lanka, cricket chiefs said Thursday, forcing selectors to draft uncapped leggie Todd Astle into the 15-man Test squad. New Zealand Cricket said Vettori had failed to recover from an
Pakistan Hockey Federation on Thursday called former hockey Olympian Tahir Zaman and sought his help in lifting the sagging fortune of the national hockey team. "Secretary, PHF, Mohammad Asif Bajwa specially invited for the meeting and it was a meeting in
Former Indian captain Anil Kumble was on Thursday appointed head of the influential 'cricket committee' of the International Cricket Council (ICC), replacing West Indian legend Clive Lloyd. Former England captain, Andrew Strauss, was also appointed to the
Six former teammates of Lance Armstrong have been suspended for six months by the US Anti-doping Agency (USADA) after they all admitted doping. Five Americans - Levi Leipheimer, 38 (of the Omega Pharma-Quickstep team), Christian Vande Velde, 36, David Zab
A Sri Lankan court handed a one-year suspended jail term to a British man on Thursday after he pleaded guilty to stealing tickets for a crucial World Twenty20 cricket match involving England. Colombo Chief Magistrate Rashmi Singappuli said the sentence fo
A two-member Indian Punjab sports delegation comprising Secretary Paran Jeet Singh and Director Sports Shiv Dular Dhillon, which is currently in Lahore on a three-day visit on Thursday reviewed the arrangements of the Punjab International Sports Festival
Francesco Gavazzi won the third stage of the Tour of Beijing in dramatic style on Thursday, but the Italian remained in second place overall behind last year's champion Tony Martin. Gavazzi, who races for Astana Pro Team, burst through in the final minute
Tennis officials Thursday said they had held constructive talks with players agitating for a greater share of revenue at the Australian Open, a day after Andy Murray said a strike was never a real option. Last week, organisers of the season's opening majo