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Print - 2013-02-07
Anger, protests as Tunisian opposition leader shot dead

Anger, protests as Tunisian opposition leader shot dead

Prominent Tunisian opposition leader Chokri Belaid was shot dead outside his home in Tunis on Wednesday, sparking angry protests by his supporters and attacks on offices of the ruling Islamist Ennahda party. President Moncef Marzouki denounced the killing
Published 07 Feb, 2013 12:00am
GlaxoSmithKline profits drop

GlaxoSmithKline profits drop

British drugmaker GlaxoSmithKline on Wednesday announced a 13-percent drop in annual profits and said it would further restructure its European operations to deliver greater savings amid weaker sales across the region. GSK said profit after tax fell to £4
Published 07 Feb, 2013 12:00am
Apple sells 25 billionth song at iTunes store

Apple sells 25 billionth song at iTunes store

Apple on Wednesday announced that the number of digital songs downloaded from its iTunes Store has topped 25 billion. The 25 billionth song bought from the online shop was a "Monkey Drums" remix by Chase Buch. Apple said that it was bought by a German man
Published 07 Feb, 2013 12:00am
US challenges India at WTO over solar panel rules

US challenges India at WTO over solar panel rules

The United States took the first step towards a full-blown trade dispute with India Wednesday on the solar power sector, the World Trade Organisation said. A WTO statement said that Washington had requested consultations over what it claims is unfair supp
Published 07 Feb, 2013 12:00am
Iran downplays Ahmadinejad shoe attack in Egypt

Iran downplays Ahmadinejad shoe attack in Egypt

Iran's foreign ministry on Wednesday downplayed an incident in Cairo in which a protester tried to throw a shoe at President Mahmoud Ahmadinejad, saying it did not indicate Egypt's official stance towards Tehran. "What is important to us is the behaviour
Published 07 Feb, 2013 12:00am
Himalayan avalanche kills five in India

Himalayan avalanche kills five in India

An avalanche in a Himalayan region of northern India killed at least five villagers Wednesday when their houses were buried under heavy snow, officials said. The avalanche trapped eight people in the remote Kafnu village in the state of Himachal Pradesh b
Published 07 Feb, 2013 12:00am
Obama picks female business executive for Interior

Obama picks female business executive for Interior

President Barack Obama will seek to add another woman to his cabinet Wednesday by picking business executive Sally Jewell to head the vast Interior Department, a White House official said. Obama has been criticised for naming middle aged white men to the
Published 07 Feb, 2013 12:00am
Morsi urges Syria unity at OIC summit

Morsi urges Syria unity at OIC summit

Egyptian President Mohamed Morsi on Wednesday urged Syrian opposition groups to unify, as he addressed leaders of Islamic states at a summit that also focused on the battle against militants in Mali. "The Syrian regime must draw lessons from history: it i
Published 07 Feb, 2013 12:00am
US operating lethal drone base in Saudi Arabia

US operating lethal drone base in Saudi Arabia

The Central Intelligence Agency has been launching lethal drone strikes against terrorists from a base in Saudi Arabia for last two years, US media reported Wednesday. The revelation that the US spy agency has conducted its policy of targeted killings wit
Published 07 Feb, 2013 12:00am
Partisanship in Congress puts US at risk: Panetta

Partisanship in Congress puts US at risk: Panetta

Chronic partisanship in Congress poses the biggest risk to America's economy, national security and political life, US Defence Secretary Leon Panetta warned in a speech Wednesday. In his last major policy address before he retires this month, the Pentagon
Published 07 Feb, 2013 12:00am
Army blasts Damascus as hopes for peace dim

Army blasts Damascus as hopes for peace dim

Syria's army Wednesday launched a fierce assault in the Damascus region, shelling rebel neighbourhoods and sealing main entrances to the capital, witnesses said, as prospects for peace talks dimmed. Shattering months of relative calm in Damascus, the offe
Published 07 Feb, 2013 12:00am
Fed acknowledges computer system hacked

Fed acknowledges computer system hacked

The Federal Reserve acknowledged Wednesday its computer systems were accessed by hackers but said the incident did not affect the central bank's "critical operations." The acknowledgement came days after the hacker group known as Anonymous claimed it had
Published 07 Feb, 2013 12:00am
Hundreds died in 'appalling' conditions at UK hospital

Hundreds died in 'appalling' conditions at UK hospital

The deaths of hundreds of hospital patients, left without food or water in filthy conditions, exposed an urgent need to change the culture of Britain's National Health Service (NHS), a report said on Wednesday. Between 400 and 1,200 patients are estimated
Published 07 Feb, 2013 12:00am
Maldives to hold first polls since president toppled

Maldives to hold first polls since president toppled

The Maldives is to hold presidential polls on September 7, the first since the archipelago's first democratically elected leader was toppled in what he called a coup, the government said Wednesday. On the eve of the anniversary of president Mohamed Nashee
Published 07 Feb, 2013 12:00am
Gold soars in Europe

Gold soars in Europe

Gold edged higher on Wednesday, recovering early losses, as stocks came under pressure from renewed concerns over the euro zone economy, and on caution ahead of a European Central Bank meeting later this week. Platinum and palladium held near 17-month hig
Published 07 Feb, 2013 12:00am
Uganda returns stolen aid to Norway

Uganda returns stolen aid to Norway

Uganda has returned three million euros in aid to Norway after it was misappropriated, the Norwegian minister for development aid said Wednesday. "Corruption is (the same as) stealing from poor people, and for that we have zero tolerance," Heikki Holmaas
Published 07 Feb, 2013 12:00am
German farm cooperative says 2013 grain crop doing well

German farm cooperative says 2013 grain crop doing well

The outlook for Germany's 2013 grains harvest is currently positive with plants so far escaping winter damage in mild weather, the head of giant German agricultural trading co-operative Agravis said, recently. "All the indications are that we will receive
Published 07 Feb, 2013 12:00am
Shanghai copper flat

Shanghai copper flat

The most-traded copper contract for May delivery on the Shanghai Futures Exchange closed nearly flat at 59,840 yuan ($9,600) a tonne on Wednesday as physical demand in China was sluggish ahead of the Lunar New Year holidays. Copper is expected to consolid
Published 07 Feb, 2013 12:00am
Copper stays lower

Copper stays lower

Copper dipped in a second day of modest losses as the dollar strengthened and physical demand in China was sluggish ahead of the Lunar New Year holidays. The dollar index rose, making it more expensive for holders of other currencies to buy metals priced
Published 07 Feb, 2013 12:00am
Brent oil rises, US crude falls

Brent oil rises, US crude falls

Oil edged higher on Wednesday as Wall Street equities rebounded from early losses to trade flat, and Brent crude futures premium over West Texas Intermediate crude briefly above $20.00 a barrel due to an unexpected rise in US crude oil inventories.
Published 07 Feb, 2013 12:00am
India plans more gold import curbs

India plans more gold import curbs

India's central bank said Wednesday it will consider more steps to restrict gold imports and help stem the country's widening current account deficit. Gold purchases are one of the biggest contributors to the deficit in the current account, the broadest m
Published 07 Feb, 2013 12:00am
Corn futures drop

Corn futures drop

US corn futures dropped for a third straight session on Tuesday because of sluggish demand and expectations for wetter weather in world No 3 exporter Argentina. Soyabean prices rebounded from an earlier profit-taking slump on technical buying and some con
Published 07 Feb, 2013 12:00am
Palm oil futures down

Palm oil futures down

Malaysian palm oil futures inched lower on Wednesday in rangebound trading, as traders watched for further clues from upcoming industry data and avoided taking risky positions ahead of next week's Lunar New Year holidays. Concern that dry weather in South
Published 07 Feb, 2013 12:00am
Sugar and coffee and cocoa lower

Sugar and coffee and cocoa lower

Sugar, coffee and cocoa markets trading in both New York and London eased on Wednesday, with abundant supplies pressuring sugar and arabica, while cocoa followed the lower trend in other commodities, with position rolling on ICE boosting volume. The Thoms
Published 07 Feb, 2013 12:00am
Gold falls in New York

Gold falls in New York

Gold fell on Tuesday, retreating from an initial rally, as solid gains in US equities and an improving economic outlook weighed on the metal's safe-haven appeal. Palladium and platinum rose on better demand expectations after data showed the US services s
Published 07 Feb, 2013 12:00am
Platinum climbs in Asia

Platinum climbs in Asia

Platinum rose to its strongest level in four months on Wednesday and palladium held near its highest since September 2011 on growing hopes the global economy was on the mend, while gains in equities hurt gold's safe-haven appeal. Platinum hit a high of $1
Published 07 Feb, 2013 12:00am
Drone attack kills five in North Waziristan

Drone attack kills five in North Waziristan

Five people were killed when six missiles fired by a US drone hit a house in Tehsil Spain Wam of North Waziristan on Wednesday night, a private TV channel reported.
Published 07 Feb, 2013 12:00am
Marginal fields: gas pricing criteria approved by ECC

Marginal fields: gas pricing criteria approved by ECC

The Economic Coordination Committee (ECC) of the Cabinet has approved marginal gas fields' gas pricing criteria, according to which additional premium of $0.25 per mmbtu will be given for the three zones. According to official documents, the ECC was infor
Published 07 Feb, 2013 12:00am
Marginal fields: gas pricing criteria approved by ECC

Marginal fields: gas pricing criteria approved by ECC

The Economic Coordination Committee (ECC) of the Cabinet has approved marginal gas fields' gas pricing criteria, according to which additional premium of $0.25 per mmbtu will be given for the three zones. According to official documents, the ECC was infor
Published 07 Feb, 2013 12:00am
Marginal fields: gas pricing criteria approved by ECC

Marginal fields: gas pricing criteria approved by ECC

The Economic Coordination Committee (ECC) of the Cabinet has approved marginal gas fields'' gas pricing criteria, according to which additional premium of $0.25 per mmbtu will be given for the three zones. According to official documents, the ECC was info
Published 07 Feb, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 07 Feb, 2013 12:00am
Bugti's murder case: Supreme Court declines to entertain Sherpao's plea

Bugti's murder case: Supreme Court declines to entertain Sherpao's plea

The Supreme Court on Wednesday declined to entertain an application for bail by former interior minister Aftab Ahmad Khan Sherpao in Nawab Akbar Bugti murder case. A three-judge bench, led by Chief Justice Iftikhar Muhammad Chaudhry, directed Sherpao to a
Published 07 Feb, 2013 12:00am
Bugti's murder case: Supreme Court declines to entertain Sherpao's plea

Bugti's murder case: Supreme Court declines to entertain Sherpao's plea

The Supreme Court on Wednesday declined to entertain an application for bail by former interior minister Aftab Ahmad Khan Sherpao in Nawab Akbar Bugti murder case. A three-judge bench, led by Chief Justice Iftikhar Muhammad Chaudhry, directed Sherpao to a
Published 07 Feb, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 07 Feb, 2013 12:00am
Law and order in Karachi: Supreme Court flays government for inaction

Law and order in Karachi: Supreme Court flays government for inaction

A larger bench of the Supreme Court resumed the hearing of the Karachi law and order case here on Wednesday. The bench comprised Justice Jawad S Khawaja, Justice Khilji Arif Hussain, Justice Sarmad Jalal Osmany and Justice Amir Hani Muslim. During Wednesd
Published 07 Feb, 2013 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Feb, 2013 12:00am
Law and order in Karachi: Supreme Court flays government for inaction

Law and order in Karachi: Supreme Court flays government for inaction

A larger bench of the Supreme Court resumed the hearing of the Karachi law and order case here on Wednesday. The bench comprised Justice Jawad S Khawaja, Justice Khilji Arif Hussain, Justice Sarmad Jalal Osmany and Justice Amir Hani Muslim. During Wednesd
Published 07 Feb, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Feb, 2013 12:00am
Thousands demand death penalty for jailed war criminal in Bangladesh

Thousands demand death penalty for jailed war criminal in Bangladesh

Thousands demonstrated in Bangladesh's capital Wednesday to demand the death penalty for an Islamic party leader sentenced to life for war crimes during the 1971 war, while Islamists clashed with police. Abdul Quader Mollah, assistant secretary general of
Published 07 Feb, 2013 12:00am
Thousands demand death penalty for jailed war criminal in Bangladesh

Thousands demand death penalty for jailed war criminal in Bangladesh

Thousands demonstrated in Bangladesh's capital Wednesday to demand the death penalty for an Islamic party leader sentenced to life for war crimes during the 1971 war, while Islamists clashed with police. Abdul Quader Mollah, assistant secretary general of
Published 07 Feb, 2013 12:00am
Government's inability adds to PSO's financial woes

Government's inability adds to PSO's financial woes

The Pakistan State Oil (PSO) has to retire over Rs 55 billion on account of international Letter of Credit (LC) payments during the current month, and the government has expressed its inability to arrange the amount.
Published 07 Feb, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (February 06, 2013).

Published 07 Feb, 2013 12:00am
Government's inability adds to PSO's financial woes

Government's inability adds to PSO's financial woes

The Pakistan State Oil (PSO) has to retire over Rs 55 billion on account of international Letter of Credit (LC) payments during the current month, and the government has expressed its inability to arrange the amount.
Published 07 Feb, 2013 12:00am
Government''s inability adds to PSO''s financial woes

Government''s inability adds to PSO''s financial woes

The Pakistan State Oil (PSO) has to retire over Rs 55 billion on account of international Letter of Credit (LC) payments during the current month, and the government has expressed its inability to arrange the amount.
Published 07 Feb, 2013 12:00am
Munnu Bhai's 80th birthday celebrated

Munnu Bhai's 80th birthday celebrated

Senator Chaudhry Aitzaz Ahsan has said that Munnu Bhai is one of the most prominent writers of Pakistan. He is a ray of hope for the people of Pakistan in the era of dictatorship as well as in the era of democracy. Aitzaz Ahsan was addressing the ceremony
Published 07 Feb, 2013 12:00am
Shahrukh Jatoi presented before medical board

Shahrukh Jatoi presented before medical board

Shahrukh Jatoi, key accused of Shahzeb Khan murder case, was presented before a six-member medical board in strict security for determining his actual age. A party of Karachi police presented Shahrukh Jatoi before the medical board in Services Hospital Ka
Published 07 Feb, 2013 12:00am
THE RUPEE: dollar close to Rs 100

THE RUPEE: dollar close to Rs 100

A declining trend was seen on the money market on Wednesday as the rupee fell modestly against the dollar in process of trading, dealers said. Rush for dollar buying increased as market opened after one-day closure on account of Kashmir Day holiday on Tue
Published 07 Feb, 2013 12:00am
Measles outbreak wrought more damage than 2012 floods: minister

Measles outbreak wrought more damage than 2012 floods: minister

Sindh Relief Minister and Adviser Haleem Adil Shaikh has termed damage done to human life in "measles epidemic almost double than the floods of 2012," insisting that departments concerned had shown "least concern", adopted a non-serious attitude regarding
Published 07 Feb, 2013 12:00am
THE RUPEE: dollar close to Rs 100

THE RUPEE: dollar close to Rs 100

A declining trend was seen on the money market on Wednesday as the rupee fell modestly against the dollar in process of trading, dealers said. Rush for dollar buying increased as market opened after one-day closure on account of Kashmir Day holiday on Tue
Published 07 Feb, 2013 12:00am
200 students awarded degrees at Preston University convocation

200 students awarded degrees at Preston University convocation

Some 200 students were awarded degrees in their respective disciplines including EMBA, MBA, BBA, B-Tech and BSIT at the 14th convocation of Preston University (PU) held at a local hotel here on Wednesday. High achievers were also awarded gold medals and c
Published 07 Feb, 2013 12:00am
Dr Shah: funeral prayers today

Dr Shah: funeral prayers today

The funeral prayers of prominent orthopaedic surgeon and provincial advisor, Dr Muhammad Ali Shah, will be held on Thursday (today) after Zuhr prayer in Asghar Ali Shah Stadium in North Nazimabad.
Published 07 Feb, 2013 12:00am
Railways evacuated 2513 acres of land: PAC informed

Railways evacuated 2513 acres of land: PAC informed

Secretary Ministry of Railways Arif Azeem on Wednesday informed the Public Accounts Committee (PAC) that the Pakistan Railways had evacuated 2513 acres of encroached land during the last year. The PAC which met here with Nadeem Afzal Gondal in the chair d
Published 07 Feb, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 06, 2013).

Published 07 Feb, 2013 12:00am
Timely payment of ST refunds: STARR objections: FBR to allow overruling

Timely payment of ST refunds: STARR objections: FBR to allow overruling

Through Standard Operating Procedure (SOP), the Federal Board of Revenue has decided to allow overruling of the objections raised by Sales Tax Automated Refund Repository (STARR) e-system to ensure timely payment of sales tax refunds to the registered per
Published 07 Feb, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 06, 2013).

Published 07 Feb, 2013 12:00am
KESC employee among five killed in Karachi

KESC employee among five killed in Karachi

At least five persons including an employee of Karachi Electric Supply Company (KESC) were killed while five others sustained injuries in separate incidents of violence at various parts of the metropolis on Wednesday. According to police and rescue source
Published 07 Feb, 2013 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (February 06, 2013).

Published 07 Feb, 2013 12:00am
PSCS elects new office-bearers

PSCS elects new office-bearers

Professor Dr Zafar Ali Chaudhry has been elected as President of Pakistan Surgical Cancer Society (PSCS). The other office-bearers are: Dr Tayyab Abbas (General Secretary), Dr Ayesha Shoukat (General Secretary), Dr Amar Ali Syed (Senior Vice President), P
Published 07 Feb, 2013 12:00am
Meeting reviews progress on 'metro bus project'

Meeting reviews progress on 'metro bus project'

Punjab Chief Minister, Muhammad Shahbaz Sharif, has said that metro bus is a splendid public welfare project which has been completed in a record period of time. Presiding over a high level meeting regarding the metro bus project at Model Town on Wednesda
Published 07 Feb, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (February 06, 2013).

Published 07 Feb, 2013 12:00am
National Foods

National Foods

A household name in the country, National Foods began its journey in 1970, predominantly as a spice company, pioneers of the concept of hygienically packed spices and convenient, quick-prepare recipe mixes in Pakistan, which were previously sold loose and
Published 07 Feb, 2013 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (February 06, 2013) and for Thursday (February 07, 2013).
Published 07 Feb, 2013 12:00am
National Foods

National Foods

A household name in the country, National Foods began its journey in 1970, predominantly as a spice company, pioneers of the concept of hygienically packed spices and convenient, quick-prepare recipe mixes in Pakistan, which were previously sold loose and
Published 07 Feb, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (February 06, 2013).

Published 07 Feb, 2013 12:00am
Electoral alliance: PPP, PML-Q agree on seat adjustments

Electoral alliance: PPP, PML-Q agree on seat adjustments

Top leaders of the ruling Pakistan Peoples Party (PPP) and Pakistan Muslim League-Quaid (PML-Q) on Wednesday agreed regarding making seat adjustments and forging an electoral alliance for the upcoming general elections, PML-Q spokesperson Senator Kamil Al
Published 07 Feb, 2013 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 07 Feb, 2013 12:00am
Illegal water hydrants continue to function across Karachi

Illegal water hydrants continue to function across Karachi

Notwithstanding the tall claims made by Karachi Water &Sewerage Board (KW&SB), illegal water hydrants continue to work with impunity across the city, inflicting huge losses running into millions of rupees to the utility. Sources said that hundreds of ille
Published 07 Feb, 2013 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 07 Feb, 2013 12:00am
Water dispute with India: JI flays Prime Minister's statement

Water dispute with India: JI flays Prime Minister's statement

Ameer Jamaate Islami Syed Munawar Hasan has said that Prime Minister Raja Pervez Ashraf's statement that India could not deprive Pakistan of its river water as it did not have water storage capacity, showed his total ignorance on the matter.
Published 07 Feb, 2013 12:00am
The Weather

The Weather

The weather report on Wednesday (February 06, 2013) and the forecast for Thursday (February 07, 2013).

Published 07 Feb, 2013 12:00am
LCCI urges SBP to bring key policy rate down to eight percent

LCCI urges SBP to bring key policy rate down to eight percent

The Lahore Chamber of Commerce and Industry (LCCI) on Wednesday called for regionally competitive interest rates and urged the State Bank of Pakistan (SBP) to bring its key policy rate down to 8 percent to counter weak growth and revive fresh, private inv
Published 07 Feb, 2013 12:00am
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