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Archive - 2011-03-04
Shahbaz Bhatti laid to rest
Top News

Shahbaz Bhatti laid to rest

FAISALABAD: Slain Federal Minister for Minorities Affairs Shahbaz Bhatti was laid to rest at his ancestral graveyard in
Published 04 Mar, 2011 04:34pm
Petroleum prices reduced by 50 percent
Top News

Petroleum prices reduced by 50 percent

KARACHI: The government has agreed to reduce by 50 percent the recent increase in the petroleum prices in the country.
Published 04 Mar, 2011 04:14pm
Transport Ittehad calls off strike
Top News

Transport Ittehad calls off strike

KARACHI: On the assurance by Sindh Governor, Dr. Ishrat-ul- Ebad Khan, the Karachi Transport Ittehad (KTI) has ended its
Published 04 Mar, 2011 04:07pm
Standard & Poor's downgrades Toyota
Top News

Standard & Poor's downgrades Toyota

TOKYO: Japanese auto giant Toyota suffered a fresh setback on Friday when ratings agency Standard & Poor's said it had d
Published 04 Mar, 2011 03:20pm
Bank Al-Falah reports higher profit
Top News

Bank Al-Falah reports higher profit

KARACHI: Bank Al-Falah Ltd has posted a higher profit after tax of 968.452 million for the year ending December 31, 2010
Published 04 Mar, 2011 11:31am
PM strongly condemns Nowshera bomb blast
Top News

PM strongly condemns Nowshera bomb blast

ISLAMABAD: Prime Minister Syed Yusuf Raza Gilani on Friday strongly condemned the bomb blast in a mosque in Nowshera tha
Published 04 Mar, 2011 10:29am
Seven injured in Nowshera blast
Top News

Seven injured in Nowshera blast

PESHAWAR: At least seven people sustained injuries in a powerful blast in the premises of Akhun Punjo Baba's shrine at A
Published 04 Mar, 2011 10:26am
Petroleum prices reduced by 50 percent
Top News

Petroleum prices reduced by 50 percent

KARACHI: The government has agreed to reduce, by 50 percent, the recent increase in the petroleum prices in the country.
Published 04 Mar, 2011 05:50am
PaCCS plays hard to get
BR Research

PaCCS plays hard to get

For a country that is suffering from the acute fiscal deficiency syndrome, playing dilly-dally with a sector that has contributed over 12 pe
Published 04 Mar, 2011 12:00am
Market for sukuk goes ravenous
BR Research

Market for sukuk goes ravenous

The rising popularity of Islamic banking in Pakistan is providing the necessary impetus for the development of Islamic sovereign instrument
Published 04 Mar, 2011 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

Copper ended up after hitting its highest level in two weeks on Thursday, supported by better-than-expected labour market data in the United States and a retreat in the price of oil. COMEX copper for May delivery failed to hold on to its own two-week high
Published 04 Mar, 2011 12:00am
US MIDDAY: grains gain

US MIDDAY: grains gain

Chicago Board of Trade grain futures resumed their rally Thursday, with export data boosting corn and soybeans, traders said. One analyst pointed out corn logged a fifth consecutive week of export sales of more than 1 million tonnes. And prices were not f
Published 04 Mar, 2011 12:00am
US MIDDAY: cocoa climbs

US MIDDAY: cocoa climbs

US cocoa futures settled Thursday atop a 32-year peak as fighting spread in Ivory Coast, igniting fears supplies will come to a halt from the world's top producer of the chocolate ingredient. Coffee and sugar futures rose as well, propped up by such bulli
Published 04 Mar, 2011 12:00am
Gold falls in Europe

Gold falls in Europe

Gold fell 1 percent on Thursday as European Central Bank chief Jean-Claude Trichet said the bank will exercise "strong vigilance" over inflation, raising the prospect that it may lift interest rates as soon as next month. Spot gold fell as low as $1,417.2
Published 04 Mar, 2011 12:00am
Gold rally fizzles in Asia

Gold rally fizzles in Asia

Gold fell more than half a percent on Thursday, backing away from the previous session's record high above $1,440 an ounce, on a peace plan for Libya proposed by Opec-member Venezuela to end violent unrest in the country. Spot gold fell as much as 0.7 per
Published 04 Mar, 2011 12:00am
US gold ends flat

US gold ends flat

Gold ended flat on Wednesday after hitting a record high above $1,440 an ounce on safe-haven buying spurred by political unrest in Libya, surging oil prices and testimony by the Federal Reserve chief that kept investors expecting US monetary policy to sta
Published 04 Mar, 2011 12:00am
Liffe cocoa higher

Liffe cocoa higher

Liffe May cocoa ends up 50 pounds at 2,396 pounds a tonne on Thursday, having earlier touched a 7-month high of 2,406 pounds. Market is supported by worries over supply due to violence in Ivory Coast as the world's top grower moves closer to civil war.
Published 04 Mar, 2011 12:00am
US soyabeans up

US soyabeans up

US soyabean futures closed higher on Wednesday, bolstered by unwinding of long-corn/short-soybean spreads, and technical buying on indications that the contract was oversold, traders said. Also supportive were rains in Brazil, which are slowing the soyabe
Published 04 Mar, 2011 12:00am
New York sugar surges

New York sugar surges

Sugar futures rallied on Wednesday due to strong oil prices, which could prompt top producer Brazil to funnel more cane into ethanol and further exacerbate already tight supplies in the market. US cocoa futures rumbled to a strong close within sight of a
Published 04 Mar, 2011 12:00am
Malaysian palm oil jumps

Malaysian palm oil jumps

Malaysian palm oil futures hit a one-week peak before paring gains late on Thursday, as potential import tariff cuts in top consumer China offset falling crude prices weighed by a possible peace plan in Libya. China will cut tariffs and red tape to boost
Published 04 Mar, 2011 12:00am
Tokyo, Shanghai rubber fall

Tokyo, Shanghai rubber fall

Tokyo rubber futures were lower on Thursday on growing worries about a drop in demand if world economic growth is hurt by the unrest in the Middle East, but tight supply still lent some support, dealers said. The benchmark rubber contract on the Tokyo Com
Published 04 Mar, 2011 12:00am
Oil falls on profit-taking

Oil falls on profit-taking

Oil prices retreated from near 2-1/2 year highs on Thursday as traders took profits after Venezuela pitched a plan to resolve the Libyan crisis, despite deep scepticism about whether it would work. The pull-back follows two days of strong gains that sent
Published 04 Mar, 2011 12:00am
Copper at two-week high

Copper at two-week high

Copper hit two-week highs on Thursday, as prospects of a peace plan for Libya sent oil prices lower and reduced fears about inflationary threats to global growth, and as the euro jumped versus the dollar. Three-month copper on the London Metal Exchange hi
Published 04 Mar, 2011 12:00am
Shanghai copper down

Shanghai copper down

London copper fell Thursday, but trailed losses in other commodity markets after news of a Venezuela brokered peace plan for Libya sent Brent oil sliding by 2.8 percent, while technical analysis suggested a period of consolidation between $9,780 and $9,94
Published 04 Mar, 2011 12:00am
US copper shade higher

US copper shade higher

Copper managed to eke out a minor gain by the close on Wednesday, buoyed by a weaker dollar and upbeat US jobs data, although inflation concerns from higher oil prices continued to limit the upside. New York, copper prices remain tethered to the volatile
Published 04 Mar, 2011 12:00am
New York cotton settles higher

New York cotton settles higher

US cotton futures closed higher Thursday on late speculative and trade buying as the paucity in nearby supplies and steady fibre demand kept the market firm and near record highs, analysts said. The key May cotton contract on ICE Futures US rose 5.10 cent
Published 04 Mar, 2011 12:00am
International meeting agrees to step up Afghan political push

International meeting agrees to step up Afghan political push

An international conference on Afghanistan agreed on Thursday to step up efforts to reach a settlement to the Afghan war by shifting towards a political rather than military approach to Afghanistan. "We want to rebalance the focus we had so far on the mil
Published 04 Mar, 2011 12:00am
Israeli Prime Minister praises Pope for exoneration

Israeli Prime Minister praises Pope for exoneration

Israel's prime minister has thanked the pope for rejecting the long-held charge that the Jewish people were responsible for killing Jesus. In a forthcoming book, Pope Benedict XVI explains that there is no biblical and theological basis to the ancient cla
Published 04 Mar, 2011 12:00am
41 die on north India's

41 die on north India's

At least 41 people, including 34 members of a wedding party, have died in two separate road accidents on the treacherous mountain roads of northern Indian, an official told AFP Thursday. The first accident in the state of Himachal Pradesh involved an over
Published 04 Mar, 2011 12:00am
WikiLeaks-linked US soldier faces new charges

WikiLeaks-linked US soldier faces new charges

The US soldier suspected of passing a trove of confidential government documents to the WikiLeaks anti-secrecy website on Thursday faced a raft of new charges including "aiding the enemy." U0S military authorities unveiled 22 additional charges against Pr
Published 04 Mar, 2011 12:00am
No Palestinian peace deal possible now: Israel

No Palestinian peace deal possible now: Israel

Israel has concluded that a final peace deal with the Palestinians cannot be reached at this time and is weighing alternatives to try to prove that it is interested in keeping peacemaking with the Palestinians alive, officials said Thursday.
Published 04 Mar, 2011 12:00am
Israel to 'finally' impose sanctions on Iran

Israel to 'finally' impose sanctions on Iran

After years of calling for tough action against arch-foe Iran, Israel is finally getting around to joining international sanctions against Tehran, officials said on Thursday. The foreign ministry is preparing legislation that would see Israel adopt laws t
Published 04 Mar, 2011 12:00am
Israeli settlers protest on 'Day of Rage'

Israeli settlers protest on 'Day of Rage'

Settlers and their supporters burned tyres and blocked traffic across Israel on Thursday during a "Day of Rage" to protest police action during a settlement outpost demolition earlier in the week. Police and media said the protestors had taken part in a n
Published 04 Mar, 2011 12:00am
Western journalists 'fabricate' news: China media

Western journalists 'fabricate' news: China media

An official Chinese newspaper on Thursday accused foreign journalists in the country of fabricating news in the latest sign of official nerves over an online campaign for anti-government rallies. The commentary in the Global Times came a day after police
Published 04 Mar, 2011 12:00am
'Charmer' Obama more popular than policies: poll

'Charmer' Obama more popular than policies: poll

US President Barack Obama is a "charmer" who is widely liked by Americans but his policies are proving less popular, according to a new poll which has mixed news for his 2012 reelection bid. The Quinnipiac University survey released Thursday shows that th
Published 04 Mar, 2011 12:00am
Suicide bomb attack kills nine at Iraq bank

Suicide bomb attack kills nine at Iraq bank

A suicide bomber blew himself up inside a bank in the north-western Iraqi city of Haditha on Thursday, killing nine people, including three policemen, the town's mayor said. Eight other people, all civilians, were wounded in the midday blast at a branch o
Published 04 Mar, 2011 12:00am
Indian court rejects anti-graft chief

Indian court rejects anti-graft chief

India's Supreme Court on Thursday quashed the appointment of the country's top anti-graft official for involvement in a palm oil import case, in another rebuke for the Congress-led coalition government. The rejection of P.J. Thomas's appointment as centra
Published 04 Mar, 2011 12:00am
Ivorian forces kill seven, post-election toll hits 365

Ivorian forces kill seven, post-election toll hits 365

Ivorian security forces shot dead seven women protestors on Thursday and the United Nations said at least 365 people had died in violence since disputed elections that have taken the country to the brink of civil war. Many others were wounded in the attac
Published 04 Mar, 2011 12:00am
Embattled Yemen president offered 'smooth exit'

Embattled Yemen president offered 'smooth exit'

Yemen's opposition and clerics have offered President Ali Abdullah Saleh a smooth exit from power this year, but protesters staged new demonstrations Thursday to demand his immediate ouster. The proposal calls for a "peaceful transition of power" from Sal
Published 04 Mar, 2011 12:00am
Egypt's Prime Minister quits as army seen responding to demands

Egypt's Prime Minister quits as army seen responding to demands

Egypt's Prime Minister Ahmed Shafiq resigned on Thursday and the military asked a former transport minister to form a new government which pro-democracy activists want to be purged of Hosni Mubarak's old guard. Shafiq was appointed prime minister by Mubar
Published 04 Mar, 2011 12:00am
UN rights body sidelines report praising Libya

UN rights body sidelines report praising Libya

A United Nations report hailing Libyan leader Muammar Gaddafi's rights record was on Thursday sidelined by the world body's Human Rights Council just a few days before it was due to be adopted. The report, reflecting a three-hour debate in the council las
Published 04 Mar, 2011 12:00am
World first artificial bronchus graft in France

World first artificial bronchus graft in France

An artificial bronchus was successfully grafted onto a 78-year-old patient with lung cancer, a world first that avoided the complete removal of the lung, medical authorities announced here.
Published 04 Mar, 2011 12:00am
Music Freedom Day salutes Arab demonstrators

Music Freedom Day salutes Arab demonstrators

Musicians in the Middle East will pay tribute to the Arab uprising and commemorate the death of an Egyptian musician during the Cairo demonstrations as part of this year's international Music Freedom Day on Thursday. Music Freedom Day, the brainchild of F
Published 04 Mar, 2011 12:00am
Chechen rebel leader urges 'total war' with Russia

Chechen rebel leader urges 'total war' with Russia

The Chechen rebel leader who is Russia's most wanted man has issued an appeal for recruits for a "total war" against the Russian state, in a new video message posted on Thursday. "A total war is in progress, fight the enemy where ever you can," Doku Umaro
Published 04 Mar, 2011 12:00am
Pakistan, South Africa register victories

Pakistan, South Africa register victories

Skipper Shahid Afridi took five wickets to help Pakistan overcome a scare at the hands of Canada and clinch a hard-fought 46-run win in their World Cup Group A match at R. Premadasa stadium Thursday. In the earlier match, AB de Villiers and Hashim Amla sm
Published 04 Mar, 2011 12:00am
Pakistan, South Africa register victories

Pakistan, South Africa register victories

Skipper Shahid Afridi took five wickets to help Pakistan overcome a scare at the hands of Canada and clinch a hard-fought 46-run win in their World Cup Group A match at R. Premadasa stadium Thursday. In the earlier match, AB de Villiers and Hashim Amla sm
Published 04 Mar, 2011 12:00am
Kiwis want to join 300 club

Kiwis want to join 300 club

New Zealand must score in excess of 300 if they are to make a mark in the World Cup where the barrier has been breached nine times already, key batsman Ross Taylor said Thursday. The Kiwis struggled to 206 all out against Australia in their previous outin
Published 04 Mar, 2011 12:00am
Bangladesh wary of West Indies backlash

Bangladesh wary of West Indies backlash

Bangladesh captain Shakib Al Hasan will not take victory for granted when his home team clashes with the West Indies in a must-win World Cup match on Friday. The West Indies, who have not played on Bangladeshi soil since 2002, suffered a 3-0 defeat by the
Published 04 Mar, 2011 12:00am
De Villiers, Amla tons bury Netherlands

De Villiers, Amla tons bury Netherlands

AB de Villiers and Hashim Amla smashed centuries against the hapless Netherlands bowlers on Thursday to set up a thumping 231-run win for South Africa. De Villiers scored 134 for a second successive ton while opener Amla made 113 as the Proteas posted a m
Published 04 Mar, 2011 12:00am
Cup security costs led to Bangladesh overspend

Cup security costs led to Bangladesh overspend

An overspend on security for the Cricket World Cup has forced the Bangladesh government to divert money from other departments to meet a $7 million shortfall, officials said on Thursday. "The expenses have overshot the budget but that would not hamper the
Published 04 Mar, 2011 12:00am
Sri Lankan police seize fakes

Sri Lankan police seize fakes

Sri Lankan police on Thursday detained 15 people and seized hundreds of fake items of 2011 cricket World Cup merchandise being sold in and around capital Colombo. The Colombo Crimes Division raided shops in Colombo and the suburban Maharagama area, seizin
Published 04 Mar, 2011 12:00am
Mobilink brings fabulous rewards, services for cricket enthusiasts

Mobilink brings fabulous rewards, services for cricket enthusiasts

As the whole nation goes into cricket frenzy, Mobilink, Pakistan's market leader in cellular services and part of Orascom Telecom Holding (OTH), has created several opportunities for cricket enthusiast ranging from discounted tariffs, memorabilia, free tr
Published 04 Mar, 2011 12:00am
PTCL Special World Cup Package introduced

PTCL Special World Cup Package introduced

Pakistan Telecommunication Company LTD (PTCL) in line with the Cricket World Cup fervour, and to facilitate PTCL customers to make international calls to the World Cup host countries, has introduced a countrywide PTCL Special World Cup Package. It offers
Published 04 Mar, 2011 12:00am
FIFA keep World Cup qualifying slots the same

FIFA keep World Cup qualifying slots the same

CONCACAF was thwarted in its attempt to get an extra place at the World Cup when FIFA decided to avoid meddling with the number of qualifying places allocated to each continent for the 2014 tournament in Brazil. The confederation of North, Central America
Published 04 Mar, 2011 12:00am
Yuan slips

Yuan slips

The yuan closed marginally lower versus the dollar on Thursday even after the People's Bank of China set a record high mid-point, in a further sign that the government is using the currency to help fight high inflation, worsened by surging imported commod
Published 04 Mar, 2011 12:00am
Won leads Asian trade

Won leads Asian trade

The South Korean won led emerging Asian currencies higher on Thursday, helped by a sharp decline in oil prices that led to increased foreign flows into regional equity markets. "Central banks will remain hawkish and lower oil price represent better risk a
Published 04 Mar, 2011 12:00am
Indian rupee down

Indian rupee down

The Indian rupee ended weaker on Thursday after a volatile trading session, as choppy domestic shares dented sentiment with some oil-related dollar demand from refiners also adding to the downward pressure. The partially convertible rupee ended at 45.0350
Published 04 Mar, 2011 12:00am
Swiss franc falls

Swiss franc falls

The Swiss franc came off the previous day's record high against the dollar on Thursday and slipped against the euro ahead of a European Central Bank meeting but was seen well supported by unrest in Libya. The franc was 0.2 percent weaker against the dolla
Published 04 Mar, 2011 12:00am
Australian and New Zealand dollar up

Australian and New Zealand dollar up

The Australian dollar was firm on Thursday, underpinned by another healthy trade surplus, while the New Zealand dollar remained out of favour on rampant speculation interest rates will be cut next week. The Australian dollar held in a tight range around $
Published 04 Mar, 2011 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 Thursday. 71.49/71.50 (previous 71.39/71.40). Call Money Rates: 11.00-12.00 percent (previous 10.00-12.00 percent).
Published 04 Mar, 2011 12:00am
Euro rallies in New York

Euro rallies in New York

The euro rose to a near four-month high against the dollar on Wednesday and looked set to extend gains on growing expectations interest rates in the eurozone will rise earlier than those in the United States. The Swiss franc soared to a record high agains
Published 04 Mar, 2011 12:00am
Early trade in New York: euro keeps rising

Early trade in New York: euro keeps rising

The euro soared against the US dollar on Thursday, edging toward the psychologically important $1.40 level, after European Central Bank President Jean-Claude Trichet cemented expectations of a near-term interest rate rise. The euro climbed as high as $1.3
Published 04 Mar, 2011 12:00am
Euro steadies in London

Euro steadies in London

The euro hovered near a four-month high and a key resistance area against the dollar on Thursday, supported by expectations that the European Central Bank is set to pave the way for rate rises later in the year. The ECB left interest rates on hold as expe
Published 04 Mar, 2011 12:00am
Euro near four-month peak in Asia

Euro near four-month peak in Asia

The euro hovered near a four-month high against the dollar on Thursday on expectations the European Central Bank will move towards an eventual rate hike, though the currency faces a near-term risk of profit-taking. The Swiss franc, traditionally sought in
Published 04 Mar, 2011 12:00am
Sterling plummets versus euro

Sterling plummets versus euro

Sterling fell sharply against the euro on Thursday as a weak UK services sector survey and hawkish comments from the European Central Bank raised the prospect of euro zone interest rates rising before UK rates. ECB President Jean-Claude Trichet said euroz
Published 04 Mar, 2011 12:00am
Short-dated euro rates jump

Short-dated euro rates jump

Eurozone short-term interest rates jumped on Thursday after the European Central Bank said inflationary pressures had increased, using language understood by the market to mean a rate hike was imminent. The ECB kept interest rates on hold at 1 percent as
Published 04 Mar, 2011 12:00am
FTSE rises as oil weakens

FTSE rises as oil weakens

A rebound by commodity issues fuelled strong gains by Britain's top share index on Thursday, as oil prices fell back on hopes for a peace deal in Libya, easing concerns over global economic demand. At the close, the FTSE 100 index was up 90.20 points, or
Published 04 Mar, 2011 12:00am
European shares slightly up

European shares slightly up

Expectations that eurozone interest rates could rise earlier than forecast rattled equity investors on Thursday, with shares in peripheral eurozone states hit hardest on concerns that higher lending rates would hit the fragile recovery.
Published 04 Mar, 2011 12:00am
Seoul shares rebound

Seoul shares rebound

Seoul shares bounced back on Thursday, fuelled by foreign buying after the latest US data signalled the economy could absorb higher energy costs. The Korea Composite Stock Price Index ended up 2.2 percent at 1,970.66 points. The KOSPI 200 March futures in
Published 04 Mar, 2011 12:00am
Nikkei average climbs

Nikkei average climbs

Japan's Nikkei benchmark climbed on Thursday, recouping some of the previous session's losses, with upbeat US economic data helping offset worries about surging oil prices due to turmoil in the Middle East. Exporters led the advance on short-covering afte
Published 04 Mar, 2011 12:00am
South East Asian stocks mostly higher

South East Asian stocks mostly higher

Southeast Asian stock markets rose on Thursday as oil dipped and some investors took heart from news of a peace plan for Libya, with airlines in particular seeing strong demand. But volume across the region was relatively weak as many investors preferred
Published 04 Mar, 2011 12:00am
Indian shares up for fourth day

Indian shares up for fourth day

Indian shares rose for the fourth day and closed 0.2 percent higher in a volatile session on Thursday, helped by gains in world stocks, and traders expect the volatility to continue as they eyed the unrest in Libya. The 30-share BSE index gained 0.23 perc
Published 04 Mar, 2011 12:00am
Treasuries higher

Treasuries higher

Turmoil in the Middle East and North Africa and rising oil prices may send valuations on inflation-linked bonds still higher, after an oil spike on Wednesday caused investors to price in higher expectations that inflation will erode Treasury debt returns.
Published 04 Mar, 2011 12:00am
Treasuries higher

Treasuries higher

Turmoil in the Middle East and North Africa and rising oil prices may send valuations on inflation-linked bonds still higher, after an oil spike on Wednesday caused investors to price in higher expectations that inflation will erode Treasury debt returns.
Published 04 Mar, 2011 12:00am
Wall Street edges up

Wall Street edges up

US stocks eked out gains on Wednesday despite another rise in oil prices as investors bet the latest data signalled the economy could absorb expected higher energy costs. Wall Street seesawed as oil fluctuated throughout the day. Brent crude hit a 2 1/2-y
Published 04 Mar, 2011 12:00am
Thursday's afternoon trade: stocks rally

Thursday's afternoon trade: stocks rally

US stocks rallied on Thursday as oil prices slipped and better-than-expected economic data raised expectations of a strong US employment report on Friday. With oil prices pausing from their recent climb, investors focused on the US economy, which has show
Published 04 Mar, 2011 12:00am
Hong Kong shares up; Shanghai dips

Hong Kong shares up; Shanghai dips

Hong Kong's benchmark index edged higher on Thursday led by financials on optimism over earnings though its failure to breach a crucial technical indicator has triggered concerns about near-term weakness. The benchmark Hang Seng closed up 0.3 percent at 2
Published 04 Mar, 2011 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks closed 1.37 percent higher on Thursday, recovering from a loss in the previous session, with cement and food shares leading the main share index. Fund managers said shares might rise further towards the earning season in April when companies
Published 04 Mar, 2011 12:00am
Middle East markets: Dubai's bourse ends at new 6-1/2 year low

Middle East markets: Dubai's bourse ends at new 6-1/2 year low

Most Gulf bourses fell on Thursday, as a revolt against Libyan leader Muammar Gaddafi continued and fear of a contagion in the Middle East prompted investors to exit markets. A proposal by Venezuela President Hugo Chavez to try to broker a peace deal in L
Published 04 Mar, 2011 12:00am
FAO warns on oil as world food prices hit record

FAO warns on oil as world food prices hit record

Global food prices hit a record high in February, the United Nations said Thursday, warning that fresh oil price spikes and stockpiling by importers keen to head off popular unrest would hit already volatile cereal markets. Rising food prices are a growin
Published 04 Mar, 2011 12:00am
Airbus order book in the red so far this year

Airbus order book in the red so far this year

Airbus received more cancellations than new orders in the first two months of the year, according to the European aircraft manufacturer's latest commercial report released on Thursday. The company registered 40 new orders in the first two months of the ye
Published 04 Mar, 2011 12:00am
ECB keeps rates at record low, Trichet flags April rise

ECB keeps rates at record low, Trichet flags April rise

The European Central Bank may hike interest rates next month, far earlier than markets expected, though any rise would not signal a series of increases, President Jean-Claude Trichet said on Thursday. The strong indication that a rise will come in April s
Published 04 Mar, 2011 12:00am
Britain gives backing for News Corp's BSkyB deal

Britain gives backing for News Corp's BSkyB deal

Rupert Murdoch's News Corp took a huge step towards securing its prized $14 billion buyout of BSkyB on Thursday when Britain accepted proposals designed to alleviate competition concerns. The move, which could still be challenged by media rivals in court,
Published 04 Mar, 2011 12:00am
Zuma warns France of G20 risks

Zuma warns France of G20 risks

South African President Jacob Zuma on Thursday warned France the Group of 20 nations which it heads risks becoming a talking shop "where nothing happens" - like the United Nations General Assembly. Zuma, hosted by President Nicolas Sarkozy with full state
Published 04 Mar, 2011 12:00am
Indian cabinet okays bill to amend banking rules

Indian cabinet okays bill to amend banking rules

The Indian federal cabinet on Thursday approved a bill to amend the banking regulations act that will make it easier for banks to raise capital in Asia's third-largest economy. The bill seeks to help further liberalise the Indian banking sector, Deputy Ch
Published 04 Mar, 2011 12:00am
Eurozone services PMIs show activity, prices surge

Eurozone services PMIs show activity, prices surge

The eurozone's services economy enjoyed its fastest upturn since August 2007 in February, albeit one marked by fast-rising inflationary pressures and a subdued labour market, business surveys showed on Thursday.
Published 04 Mar, 2011 12:00am
US data points to strengthening growth, jobs market

US data points to strengthening growth, jobs market

The number of Americans filing new claims for jobless aid hit the lowest level in more than 2-1/2 years last week and service sector hiring picked up in February, signs the labour market recovery was quickening. Another report on Thursday confirmed busine
Published 04 Mar, 2011 12:00am
BP denies bonuses to top executives

BP denies bonuses to top executives

BP will not pay bonuses for 2010 to the top executives whose divisions were involved in the worst-ever offshore US oil spill last year, the company said in an annual report dominated by the disaster. The London-based oil giant also said its proven oil and
Published 04 Mar, 2011 12:00am
Japan develops mobile phone with human touch

Japan develops mobile phone with human touch

Japanese researchers said Thursday they have developed a human-shaped mobile phone with a skin-like outer layer that enables users to feel closer to those on the other end. "The mobile phone may feel like the person you are talking to," the Advanced Telec
Published 04 Mar, 2011 12:00am
Opec can cover Libya oil output: Iraq

Opec can cover Libya oil output: Iraq

Opec is concerned about turmoil in Libya but has enough surplus capacity to cover any shortfall caused by the rebellion against Muammar Gaddafi, Iraqi Oil Minister Abdul-Kareem Luaibi said on Thursday. Luaibi said current world oil prices were acceptable
Published 04 Mar, 2011 12:00am
Honda recalls 37,000 Civic Hybrid cars in US

Honda recalls 37,000 Civic Hybrid cars in US

In the latest defect recall to hit Japanese automakers, Honda said Thursday it will recall nearly 37,000 Civic Hybrids in the United States. Honda said a faulty converter in the hybrid control system could lead to the engine stalling and malfunction of th
Published 04 Mar, 2011 12:00am
Chrysler recalls 248,000 vehicles

Chrysler recalls 248,000 vehicles

Chrysler Group LLC recalled more than 248,000 crossover wagons and minivans because of a defect that could allow the key to slip while driving, causing the engine to shut down without warning. Chrysler, which is managed by Italy's Fiat SpA, said it knew o
Published 04 Mar, 2011 12:00am
Spiders in fuel tank prompt Mazda recall

Spiders in fuel tank prompt Mazda recall

A spider which wove a web inside an engine has prompted Mazda to recall 52,000 vehicles across the United States to outfit them with special screens to keep the spiders out. The problem was first discovered in October 2009 when a dealer found a spider web
Published 04 Mar, 2011 12:00am
IMF 'extremely concerned' about rising food prices

IMF 'extremely concerned' about rising food prices

The International Monetary Fund is worried about rising food prices, especially as they affect the poor and most vulnerable people, a spokeswoman said Thursday. "We're extremely concerned about rising food prices in particular because of their impact on t
Published 04 Mar, 2011 12:00am
Cotton futures prices rebound dramatically

Cotton futures prices rebound dramatically

Cotton futures prices in New York (ICE) which had fallen to US Cents 174 last week, after having hit the all time high level earlier a couple of weeks ago (on 18 February 2011) of 211.12 cents per pound for the key March 2011 contract (as it then was), ha
Published 04 Mar, 2011 12:00am
Cotton futures prices rebound dramatically

Cotton futures prices rebound dramatically

Cotton futures prices in New York (ICE) which had fallen to US Cents 174 last week, after having hit the all time high level earlier a couple of weeks ago (on 18 February 2011) of 211.12 cents per pound for the key March 2011 contract (as it then was), ha
Published 04 Mar, 2011 12:00am
Powder milk up on Jodia Bazar

Powder milk up on Jodia Bazar

The trading in milk powder closed higher on Jodia Bazar here on Thursday. The following changes were noted.
Published 04 Mar, 2011 12:00am
Cotton prices hit all-time high at Rs 14,000

Cotton prices hit all-time high at Rs 14,000

Prices touched the all-time high level on the cotton market on Thursday as some needy mills try to cover the forward deals, dealers said. Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 12000, they said. Phutti prices also hit the
Published 04 Mar, 2011 12:00am
Oil cake market rates

Oil cake market rates

Bullish trend was again witnessed on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The March vaida that had closed at Rs 1240.80 opened with a gain of Rs 1.10 at Rs 1241.90. The May contract which closed at Rs 1321
Published 04 Mar, 2011 12:00am
FOB Gulf corn offers firm on rising spot CIF

FOB Gulf corn offers firm on rising spot CIF

Corn export premiums at the US Gulf Coast were steady to firm on Tuesday, with nearby values rising in step with a firmer spot CIF barge basis, traders said. Demand inquiries for US corn were quiet after corn futures climbed for a third consecutive day on
Published 04 Mar, 2011 12:00am
Transporters' strike hampers business on grain market

Transporters' strike hampers business on grain market

Transports strike hurt the business sentiment on the wholesale grain market on Thursday, dealers said. Though some needy buyers were active to meet their urgent needs, they said. On the cereal side khandsari was quoted higher at Rs 6500-7300, other items
Published 04 Mar, 2011 12:00am
Canadian wheat protein well below average

Canadian wheat protein well below average

Protein content in Western Canada's most-prized milling wheat fell well below long-term averages in 2010, Canadian government data shows, underscoring the global tightness in premium supplies that has ignited wheat prices to 2-1/2-year highs.
Published 04 Mar, 2011 12:00am
Activity at Karachi port

Activity at Karachi port

The Karachi Port handled 97,940 tonnes of cargo including 53,348 tonnes of import cargo, 44,592 tonnes of export cargo and 2,591 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 53,348 tonnes compri
Published 04 Mar, 2011 12:00am
US wheat futures mixed

US wheat futures mixed

US wheat futures were mixed on Wednesday, with Chicago Board of Trade and MGEX prices rising on the liquidation of corn/wheat spreads, while the Kansas City Board of Trade's high-protein contract fell due to profit taking, traders said. Concern about poli
Published 04 Mar, 2011 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 04 Mar, 2011 12:00am
New York cotton

New York cotton

Wednesday's closing prices of New York cotton in US cents/lb.

Published 04 Mar, 2011 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

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
Published 04 Mar, 2011 12:00am
50 percent hike in POL prices withdrawn

50 percent hike in POL prices withdrawn

The government on late Thursday night announced to withdraw 50 percent of the recent increase in petroleum products' prices. Federal Minister for Finance Dr. Abdul Hafeez Shaikh announced the decision after hours-long negotiation with Muttahida Qaumi Move
Published 04 Mar, 2011 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

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
Published 04 Mar, 2011 12:00am
50 percent hike in POL prices withdrawn

50 percent hike in POL prices withdrawn

The government on late Thursday night announced to withdraw 50 percent of the recent increase in petroleum products' prices. Federal Minister for Finance Dr. Abdul Hafeez Shaikh announced the decision after hours-long negotiation with Muttahida Qaumi Move
Published 04 Mar, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (March 03, 2011).

Published 04 Mar, 2011 12:00am
50 percent hike in POL prices withdrawn

50 percent hike in POL prices withdrawn

The government on late Thursday night announced to withdraw 50 percent of the recent increase in petroleum products'' prices. Federal Minister for Finance Dr. Abdul Hafeez Shaikh announced the decision after hours-long negotiation with Muttahida Qaumi Mov
Published 04 Mar, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (March 03, 2011).

Published 04 Mar, 2011 12:00am
Supreme Court accepts Dogar's unconditional apology

Supreme Court accepts Dogar's unconditional apology

Former chief justice Abdul Hameed Dogar on Thursday tendered an unconditional apology in response to contempt of court proceedings against him and show cause notices issued to him in violation of Nov 3, 2007, Supreme Court restraining orders.
Published 04 Mar, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (March 03, 2011).

Published 04 Mar, 2011 12:00am
Supreme Court accepts Dogar's unconditional apology

Supreme Court accepts Dogar's unconditional apology

Former chief justice Abdul Hameed Dogar on Thursday tendered an unconditional apology in response to contempt of court proceedings against him and show cause notices issued to him in violation of Nov 3, 2007, Supreme Court restraining orders.
Published 04 Mar, 2011 12:00am
Fate of PaCCS: meeting in Dubai today

Fate of PaCCS: meeting in Dubai today

An important meeting between the Federal Board of Revenue (FBR) and M/s Agility would be convened at Dubai (today) to decide the fate of the Pakistan Automated Customs Computerised System (PaCCS).
Published 04 Mar, 2011 12:00am
Fate of PaCCS: meeting in Dubai today

Fate of PaCCS: meeting in Dubai today

An important meeting between the Federal Board of Revenue (FBR) and M/s Agility would be convened at Dubai (today) to decide the fate of the Pakistan Automated Customs Computerised System (PaCCS).
Published 04 Mar, 2011 12:00am
Fate of PaCCS: meeting in Dubai today

Fate of PaCCS: meeting in Dubai today

An important meeting between the Federal Board of Revenue (FBR) and M/s Agility would be convened at Dubai (today) to decide the fate of the Pakistan Automated Customs Computerised System (PaCCS).
Published 04 Mar, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (March 03, 2011).

Published 04 Mar, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (March 03, 2011).
Published 04 Mar, 2011 12:00am
Arab League 'studying' Chavez Libya proposal

Arab League 'studying' Chavez Libya proposal

The Arab League is "studying" a mediation proposal by Venezuelan President Hugo Chavez to find a peaceful solution to the crisis in Libya, secretary general Amr Mussa told AFP Thursday. "We are studying the proposal," Mussa said, declining to give any fur
Published 04 Mar, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (March 03, 2011).

Published 04 Mar, 2011 12:00am
Arab League 'studying' Chavez Libya proposal

Arab League 'studying' Chavez Libya proposal

The Arab League is "studying" a mediation proposal by Venezuelan President Hugo Chavez to find a peaceful solution to the crisis in Libya, secretary general Amr Mussa told AFP Thursday. "We are studying the proposal," Mussa said, declining to give any fur
Published 04 Mar, 2011 12:00am
Kuwait urged to supply oil on deferred payment

Kuwait urged to supply oil on deferred payment

As part of its campaign to get the financial support from friendly countries in kind or cash to contain the burgeoning fiscal deficit, Pakistan is now looking towards Kuwait to get oil against deferred payments. If it worked in Pakistan's favour, the move
Published 04 Mar, 2011 12:00am
Kuwait urged to supply oil on deferred payment

Kuwait urged to supply oil on deferred payment

As part of its campaign to get the financial support from friendly countries in kind or cash to contain the burgeoning fiscal deficit, Pakistan is now looking towards Kuwait to get oil against deferred payments. If it worked in Pakistan's favour, the move
Published 04 Mar, 2011 12:00am
Kuwait urged to supply oil on deferred payment

Kuwait urged to supply oil on deferred payment

As part of its campaign to get the financial support from friendly countries in kind or cash to contain the burgeoning fiscal deficit, Pakistan is now looking towards Kuwait to get oil against deferred payments. If it worked in Pakistan''s favour, the mov
Published 04 Mar, 2011 12:00am
Dormant gas fields: Sindh government, OGDCL at loggerheads

Dormant gas fields: Sindh government, OGDCL at loggerheads

Sindh government and Oil and the Gas Development Company Limited (OGDCL) are at loggerhead with the former's refusal to pay wellhead price as per the Petroleum Concession (PC) agreement for gas from four dormant gas fields in line with the decision of the
Published 04 Mar, 2011 12:00am
Dormant gas fields: Sindh government, OGDCL at loggerheads

Dormant gas fields: Sindh government, OGDCL at loggerheads

Sindh government and Oil and the Gas Development Company Limited (OGDCL) are at loggerhead with the former's refusal to pay wellhead price as per the Petroleum Concession (PC) agreement for gas from four dormant gas fields in line with the decision of the
Published 04 Mar, 2011 12:00am
Dormant gas fields: Sindh government, OGDCL at loggerheads

Dormant gas fields: Sindh government, OGDCL at loggerheads

Sindh government and Oil and the Gas Development Company Limited (OGDCL) are at loggerhead with the former''s refusal to pay wellhead price as per the Petroleum Concession (PC) agreement for gas from four dormant gas fields in line with the decision of th
Published 04 Mar, 2011 12:00am
Index gains 62.84 points

Index gains 62.84 points

The KSE-100 index on Thursday gained another 62.84 points to close at the level of 11,762.00 points on the back of local investors and institutions support. "Fresh buying by local investors after mid session supported the KSE-100 index to close well above
Published 04 Mar, 2011 12:00am
Index gains 62.84 points

Index gains 62.84 points

The KSE-100 index on Thursday gained another 62.84 points to close at the level of 11,762.00 points on the back of local investors and institutions support. "Fresh buying by local investors after mid session supported the KSE-100 index to close well above
Published 04 Mar, 2011 12:00am
Index gains 62.84 points

Index gains 62.84 points

The KSE-100 index on Thursday gained another 62.84 points to close at the level of 11,762.00 points on the back of local investors and institutions support. "Fresh buying by local investors after mid session supported the KSE-100 index to close well above
Published 04 Mar, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (March 03, 2011).

Published 04 Mar, 2011 12:00am
BRIndex30 up by 54.95 points

BRIndex30 up by 54.95 points

On Thursday, BRIndex30 opened at 8,545.05. It touched an intraday high of 8,615.03 and an intraday low of 8,494.83 and closed at 8,600.00 which was 54.95 points or 0.64 percent higher than previous close. Total volume was 117,001,815, which was 72.03 perc
Published 04 Mar, 2011 12:00am
BRIndex30 up by 54.95 points

BRIndex30 up by 54.95 points

On Thursday, BRIndex30 opened at 8,545.05. It touched an intraday high of 8,615.03 and an intraday low of 8,494.83 and closed at 8,600.00 which was 54.95 points or 0.64 percent higher than previous close. Total volume was 117,001,815, which was 72.03 perc
Published 04 Mar, 2011 12:00am
Floating bond: Zardari for completion of preparations

Floating bond: Zardari for completion of preparations

President Asif Ali Zardari on Thursday night met Finance Minister Hafeez Sheikh and Governor State Bank of Pakistan Shahid Hafiz Kardar here at Zardari House. Spokesperson to the President Farhatullah Babar said that the economic managers briefed the Pres
Published 04 Mar, 2011 12:00am
Floating bond: Zardari for completion of preparations

Floating bond: Zardari for completion of preparations

President Asif Ali Zardari on Thursday night met Finance Minister Hafeez Sheikh and Governor State Bank of Pakistan Shahid Hafiz Kardar here at Zardari House. Spokesperson to the President Farhatullah Babar said that the economic managers briefed the Pres
Published 04 Mar, 2011 12:00am
Floating bond: Zardari for completion of preparations

Floating bond: Zardari for completion of preparations

President Asif Ali Zardari on Thursday night met Finance Minister Hafeez Sheikh and Governor State Bank of Pakistan Shahid Hafiz Kardar here at Zardari House. Spokesperson to the President Farhatullah Babar said that the economic managers briefed the Pres
Published 04 Mar, 2011 12:00am
Floating bond: Zardari for completion of preparations

Floating bond: Zardari for completion of preparations

President Asif Ali Zardari on Thursday night met Finance Minister Hafeez Sheikh and Governor State Bank of Pakistan Shahid Hafiz Kardar here at Zardari House. Spokesperson to the President Farhatullah Babar said that the economic managers briefed the Pres
Published 04 Mar, 2011 12:00am
'Reformed' GST: FPCCI links its support to refund issues

'Reformed' GST: FPCCI links its support to refund issues

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said on Thursday it was ready to support Reformed General Sales Tax (RGST) provided the government and business community sit together and resolve refund blockage problems.
Published 04 Mar, 2011 12:00am
'Reformed' GST: FPCCI links its support to refund issues

'Reformed' GST: FPCCI links its support to refund issues

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said on Thursday it was ready to support Reformed General Sales Tax (RGST) provided the government and business community sit together and resolve refund blockage problems.
Published 04 Mar, 2011 12:00am
''Reformed'' GST: FPCCI links its support to refund issues

''Reformed'' GST: FPCCI links its support to refund issues

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said on Thursday it was ready to support Reformed General Sales Tax (RGST) provided the government and business community sit together and resolve refund blockage problems.
Published 04 Mar, 2011 12:00am
Taxation measures yield Rs 30.4 billion in July-January

Taxation measures yield Rs 30.4 billion in July-January

The taxation measures announced in budget (2010-11) generated an amount of Rs 30.4 billion during July-January (2010-11) against the projected figure of Rs 83.3 billion, reflecting a shortfall of Rs 52.9 billion.
Published 04 Mar, 2011 12:00am
Taxation measures yield Rs 30.4 billion in July-January

Taxation measures yield Rs 30.4 billion in July-January

The taxation measures announced in budget (2010-11) generated an amount of Rs 30.4 billion during July-January (2010-11) against the projected figure of Rs 83.3 billion, reflecting a shortfall of Rs 52.9 billion.
Published 04 Mar, 2011 12:00am
Taxation measures yield Rs 30.4 billion in July-January

Taxation measures yield Rs 30.4 billion in July-January

The taxation measures announced in budget (2010-11) generated an amount of Rs 30.4 billion during July-January (2010-11) against the projected figure of Rs 83.3 billion, reflecting a shortfall of Rs 52.9 billion.
Published 04 Mar, 2011 12:00am
Bhatti's murder: Prime Minister announces three-day mourning

Bhatti's murder: Prime Minister announces three-day mourning

Prime Minister Syed Yousuf Raza Gilani has announced 3-day official mourning on the assassination of Federal Minister for Minorities' Affairs, Shahbaz Bhatti. The prime minister while making the announcement on the floor of the National Assembly here on T
Published 04 Mar, 2011 12:00am
Bhatti's murder: Prime Minister announces three-day mourning

Bhatti's murder: Prime Minister announces three-day mourning

Prime Minister Syed Yousuf Raza Gilani has announced 3-day official mourning on the assassination of Federal Minister for Minorities' Affairs, Shahbaz Bhatti. The prime minister while making the announcement on the floor of the National Assembly here on T
Published 04 Mar, 2011 12:00am
Bullish sentiments dominate LSE

Bullish sentiments dominate LSE

Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Thursday and the equities registered fresh gains amid improved trading turnover because of the investors' interest in selective scrips. The LSE-25 index was further increased by 46.92 poin
Published 04 Mar, 2011 12:00am
Bullish sentiments dominate LSE

Bullish sentiments dominate LSE

Bullish sentiments dominated on the Lahore Stock Exchange (LSE) on Thursday and the equities registered fresh gains amid improved trading turnover because of the investors' interest in selective scrips. The LSE-25 index was further increased by 46.92 poin
Published 04 Mar, 2011 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 2.38 points, as the Index moved from 2,808.54 to 2,810.9
Published 04 Mar, 2011 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 2.38 points, as the Index moved from 2,808.54 to 2,810.9
Published 04 Mar, 2011 12:00am
Pak-Afghan border: tripartite commission reviews security situation

Pak-Afghan border: tripartite commission reviews security situation

The tripartite commission composed of senior military representatives from Afghanistan, Pakistan and the coalition forces in Afghanistan, held its 33rd meeting here on Thursday. The delegations were headed by General Ashfaq Parvez Kayani.
Published 04 Mar, 2011 12:00am
Pak-Afghan border: tripartite commission reviews security situation

Pak-Afghan border: tripartite commission reviews security situation

The tripartite commission composed of senior military representatives from Afghanistan, Pakistan and the coalition forces in Afghanistan, held its 33rd meeting here on Thursday. The delegations were headed by General Ashfaq Parvez Kayani.
Published 04 Mar, 2011 12:00am
US senators uneasy about Afghanistan and Pakistan

US senators uneasy about Afghanistan and Pakistan

Two senior Republican senators expressed unease on Wednesday about what was being accomplished by US policy in Afghanistan and Pakistan, saying matters were drifting and disheartening.
Published 04 Mar, 2011 12:00am
US senators uneasy about Afghanistan and Pakistan

US senators uneasy about Afghanistan and Pakistan

Two senior Republican senators expressed unease on Wednesday about what was being accomplished by US policy in Afghanistan and Pakistan, saying matters were drifting and disheartening.
Published 04 Mar, 2011 12:00am
Transporters' strike hits industrial production

Transporters' strike hits industrial production

Production activities in city's five industrial estates - Site, Korangi, Landhi, Federal B Area and North Karachi - remained below par mainly due to the absence of staff. The transports strike against recent increase in petroleum prices disrupted the indu
Published 04 Mar, 2011 12:00am
Transporters' strike hits industrial production

Transporters' strike hits industrial production

Production activities in city's five industrial estates - Site, Korangi, Landhi, Federal B Area and North Karachi - remained below par mainly due to the absence of staff. The transports strike against recent increase in petroleum prices disrupted the indu
Published 04 Mar, 2011 12:00am
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