BR100 Decreased By (-0.08%)
BR30 Increased By (0.08%)
KSE100 Decreased By (-0.11%)
KSE30 Decreased By (-0.2%)
AGHA 7.53 Decreased By ▼ -0.10 (-1.31%)
BECO 5.11 Decreased By ▼ -0.46 (-8.26%)
BML 58.30 Decreased By ▼ -1.44 (-2.41%)
BOP 34.58 Increased By ▲ 0.18 (0.52%)
CNERGY 13.68 Increased By ▲ 0.57 (4.35%)
CSIL 6.30 Decreased By ▼ -0.11 (-1.72%)
FCCL 57.55 Decreased By ▼ -0.51 (-0.88%)
FFL 16.50 Increased By ▲ 0.27 (1.66%)
FNEL 1.20 Decreased By ▼ -0.01 (-0.83%)
KEL 7.36 Decreased By ▼ -0.07 (-0.94%)
KOSM 5.98 Decreased By ▼ -0.05 (-0.83%)
LOTCHEM 27.51 Decreased By ▼ -0.16 (-0.58%)
MLCF 101.93 Decreased By ▼ -0.82 (-0.8%)
NBP 203.29 Decreased By ▼ -1.77 (-0.86%)
NCPL 60.47 Increased By ▲ 0.84 (1.41%)
NPL 69.80 Increased By ▲ 1.24 (1.81%)
OGDC 318.48 Decreased By ▼ -0.44 (-0.14%)
PACE 11.12 Increased By ▲ 0.07 (0.63%)
PAEL 42.86 Decreased By ▼ -0.24 (-0.56%)
PIBTL 16.72 Increased By ▲ 0.09 (0.54%)
PPL 230.62 Increased By ▲ 1.17 (0.51%)
PRL 76.73 Increased By ▲ 5.93 (8.38%)
PTC 71.18 Increased By ▲ 0.18 (0.25%)
SSGC 27.10 Decreased By ▼ -0.31 (-1.13%)
TBL 10.28 Decreased By ▼ -0.03 (-0.29%)
TELE 8.56 Increased By ▲ 0.03 (0.35%)
TPL 23.59 Increased By ▲ 0.53 (2.3%)
TPLP 15.45 Decreased By ▼ -0.31 (-1.97%)
TREET 24.51 Decreased By ▼ -0.20 (-0.81%)
TRG 60.09 Decreased By ▼ -0.20 (-0.33%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Archive - 2011-03-13
US drone strike 'kills six militants'
Top News

US drone strike 'kills six militants'

PESHAWAR: A US drone strike targeting a rebel vehicle and a compound on Sunday killed six militants and wounded five oth
Published 13 Mar, 2011 03:25pm
S Korea wins oil field deals with UAE
Top News

S Korea wins oil field deals with UAE

SEOUL: South Korea signed deals on Sunday to explore major oil reserves in the United Arab Emirates as Seoul tries to se
Published 13 Mar, 2011 01:38pm
PJBF's role commended by Japanese envoy
Top News

PJBF's role commended by Japanese envoy

KARACHI; The Pakistan- Japan Business Forum (PJBF) is playing a significant role in promotion of bilateral trade and inv
Published 13 Mar, 2011 01:35pm
Russia taps geek power for growth
Top News

Russia taps geek power for growth

MOSCOW: US-Russia trade has yet to live up to the reset in political ties but US firms believe Russia's human resources
Published 13 Mar, 2011 01:13pm
CJ Nepal visits Mazar-e-Quaid
Top News

CJ Nepal visits Mazar-e-Quaid

KARACHI; Chief Justice of Nepal (CJN) Ram Prasad Shreshta here Sunday visited the mausoleum of the founder of Pakistan,
Published 13 Mar, 2011 01:07pm
Japan facing worst crisis since WWII: PM
Top News

Japan facing worst crisis since WWII: PM

TOKYO: Japan is facing its worst crisis in the 65 years since the end of World War II, Prime Minister Naoto Kan said on
Published 13 Mar, 2011 11:44am
Forces kill four militants in encounter
Top News

Forces kill four militants in encounter

SWAT: Four militants were killed during bloody encounter with security forces in the border area of Dir and Swat distric
Published 13 Mar, 2011 09:32am
Blast kills four Afghan civilians
Top News

Blast kills four Afghan civilians

KABUL: A roadside bomb killed four civilians in southern Afghanistan, authorities said Sunday, as tension over the death
Published 13 Mar, 2011 09:30am
Japan govt warns of electricity shortage
Top News

Japan govt warns of electricity shortage

TOKYO: The shutdown of several nuclear reactors after a massive earthquake struck Japan Friday may lead to a shortfall i
Published 13 Mar, 2011 08:14am
Russia taps geek power for growth
Top News

Russia taps geek power for growth

MOSCOW: US-Russia trade has yet to live up to the reset in political ties but US firms believe Russia's human resources
Published 13 Mar, 2011 06:53am
Non-tariff barriers hinder exports to China

Non-tariff barriers hinder exports to China

Pakistan is reportedly unhappy with China over non-tariff barriers imposed by China on Pakistani exports despite a Free Trade Agreement (FTA), well informed sources told Business Recorder. "We are very concerned over the non tariff barriers in Chin
Published 13 Mar, 2011 12:00am
Non-tariff barriers hinder exports to China

Non-tariff barriers hinder exports to China

Pakistan is reportedly unhappy with China over non-tariff barriers imposed by China on Pakistani exports despite a Free Trade Agreement (FTA), well informed sources told Business Recorder. "We are very concerned over the non tariff barriers in Chin
Published 13 Mar, 2011 12:00am
Non-tariff barriers hinder exports to China

Non-tariff barriers hinder exports to China

Pakistan is reportedly unhappy with China over non-tariff barriers imposed by China on Pakistani exports despite a Free Trade Agreement (FTA), well informed sources told Business Recorder. "We are very concerned over the non tariff barriers in Chin
Published 13 Mar, 2011 12:00am
Services of PSM CEO terminated

Services of PSM CEO terminated

Pakistan Steel has terminated the services of Imtiaz Khan Lohdi, Chief Executive Officer (CEO), as he failed to present his education documents. Pakistan Steel Mills' board of directors meeting was held here on Saturday and chaired by Fazalullah Qureshi.
Published 13 Mar, 2011 12:00am
Services of PSM CEO terminated

Services of PSM CEO terminated

Pakistan Steel has terminated the services of Imtiaz Khan Lohdi, Chief Executive Officer (CEO), as he failed to present his education documents. Pakistan Steel Mills' board of directors meeting was held here on Saturday and chaired by Fazalullah Qureshi.
Published 13 Mar, 2011 12:00am
Services of PSM CEO terminated

Services of PSM CEO terminated

Pakistan Steel has terminated the services of Imtiaz Khan Lohdi, Chief Executive Officer (CEO), as he failed to present his education documents. Pakistan Steel Mills'' board of directors meeting was held here on Saturday and chaired by Fazalullah Qureshi.
Published 13 Mar, 2011 12:00am
Tight Gas Policy: Ministry seeks provinces' comments

Tight Gas Policy: Ministry seeks provinces' comments

As Oil and Gas Exploration and Production Companies have agreed on price higher by 40 to 50 percent for tight gas fields than the price announced in the Exploration and Production Policy 2009, the Ministry of Petroleum has asked provinces to furnish their
Published 13 Mar, 2011 12:00am
Tight Gas Policy: Ministry seeks provinces' comments

Tight Gas Policy: Ministry seeks provinces' comments

As Oil and Gas Exploration and Production Companies have agreed on price higher by 40 to 50 percent for tight gas fields than the price announced in the Exploration and Production Policy 2009, the Ministry of Petroleum has asked provinces to furnish their
Published 13 Mar, 2011 12:00am
Tight Gas Policy: Ministry seeks provinces'' comments

Tight Gas Policy: Ministry seeks provinces'' comments

As Oil and Gas Exploration and Production Companies have agreed on price higher by 40 to 50 percent for tight gas fields than the price announced in the Exploration and Production Policy 2009, the Ministry of Petroleum has asked provinces to furnish their
Published 13 Mar, 2011 12:00am
Russian electricity giant interested in 'Casa 1000'

Russian electricity giant interested in 'Casa 1000'

A major investor and a leading exporter and importer of electricity, Russian giant INTER RAO UES has shown interest in the power project - 'Casa 1000', which will provide cheap electricity to Pakistan and Afghanistan, reducing their power deficit. Ambassa
Published 13 Mar, 2011 12:00am
Russian electricity giant interested in 'Casa 1000'

Russian electricity giant interested in 'Casa 1000'

A major investor and a leading exporter and importer of electricity, Russian giant INTER RAO UES has shown interest in the power project - 'Casa 1000', which will provide cheap electricity to Pakistan and Afghanistan, reducing their power deficit. Ambassa
Published 13 Mar, 2011 12:00am
Russian electricity giant interested in ''Casa 1000''

Russian electricity giant interested in ''Casa 1000''

A major investor and a leading exporter and importer of electricity, Russian giant INTER RAO UES has shown interest in the power project - ''Casa 1000'', which will provide cheap electricity to Pakistan and Afghanistan, reducing their power deficit. Ambas
Published 13 Mar, 2011 12:00am
More powers for Banking Ombudsman advocated

More powers for Banking Ombudsman advocated

The powers of Banking Ombudsman should be enhanced to entertain maximum complaints of consumers with full authority to take cognisance of maladministration and violation of the State Bank of Pakistan rules - based on information collected from any source.
Published 13 Mar, 2011 12:00am
More powers for Banking Ombudsman advocated

More powers for Banking Ombudsman advocated

The powers of Banking Ombudsman should be enhanced to entertain maximum complaints of consumers with full authority to take cognisance of maladministration and violation of the State Bank of Pakistan rules - based on information collected from any source.
Published 13 Mar, 2011 12:00am
More powers for Banking Ombudsman advocated

More powers for Banking Ombudsman advocated

The powers of Banking Ombudsman should be enhanced to entertain maximum complaints of consumers with full authority to take cognisance of maladministration and violation of the State Bank of Pakistan rules - based on information collected from any source.
Published 13 Mar, 2011 12:00am
LHC takes up Davis case on March 14

LHC takes up Davis case on March 14

The Lahore High Court (LHC) is scheduled to resume hearing on diplomatic immunity of Raymond Davis, the US official charged with killing two persons on a busy street of Lahore, from Monday (March 14) but the ministry of foreign affairs has yet to reach an
Published 13 Mar, 2011 12:00am
LHC takes up Davis case on March 14

LHC takes up Davis case on March 14

The Lahore High Court (LHC) is scheduled to resume hearing on diplomatic immunity of Raymond Davis, the US official charged with killing two persons on a busy street of Lahore, from Monday (March 14) but the ministry of foreign affairs has yet to reach an
Published 13 Mar, 2011 12:00am
Transfer of bonus shares to trusts allowed under BESOS

Transfer of bonus shares to trusts allowed under BESOS

The Cabinet Committee on Privatisation (CCoP) has decided to transfer bonus shares to trusts registered under Benazir Employees Stock Option Scheme (BESOS) despite opposition by the Privatisation Commission (PC) and Finance Division, sources close to Mini
Published 13 Mar, 2011 12:00am
Transfer of bonus shares to trusts allowed under BESOS

Transfer of bonus shares to trusts allowed under BESOS

The Cabinet Committee on Privatisation (CCoP) has decided to transfer bonus shares to trusts registered under Benazir Employees Stock Option Scheme (BESOS) despite opposition by the Privatisation Commission (PC) and Finance Division, sources close to Mini
Published 13 Mar, 2011 12:00am
Transfer of bonus shares to trusts allowed under BESOS

Transfer of bonus shares to trusts allowed under BESOS

The Cabinet Committee on Privatisation (CCoP) has decided to transfer bonus shares to trusts registered under Benazir Employees Stock Option Scheme (BESOS) despite opposition by the Privatisation Commission (PC) and Finance Division, sources close to Mini
Published 13 Mar, 2011 12:00am
Arab League calls on UN to impose Libya no-fly zone

Arab League calls on UN to impose Libya no-fly zone

The Arab League said on Saturday it had called on the United Nations to impose a no-fly zone in Libya, in a decision that will provide the regional support Nato has said is needed for any military action. Libyan rebels fighting Muammar Gaddafi have said a
Published 13 Mar, 2011 12:00am
Arab League calls on UN to impose Libya no-fly zone

Arab League calls on UN to impose Libya no-fly zone

The Arab League said on Saturday it had called on the United Nations to impose a no-fly zone in Libya, in a decision that will provide the regional support Nato has said is needed for any military action. Libyan rebels fighting Muammar Gaddafi have said a
Published 13 Mar, 2011 12:00am
Qadhafi loyalists celebrate recapture of Ras Lanuf

Qadhafi loyalists celebrate recapture of Ras Lanuf

Forces loyal to Moamer Qadhafi celebrated on Saturday after retaking the eastern Libyan towns of Bin Jawad and Ras Lanuf. The oil town of Ras Lanuf had been the rebel's most advanced stronghold, and regime forces in Bin Jawad marked their victory in front
Published 13 Mar, 2011 12:00am
Qadhafi loyalists celebrate recapture of Ras Lanuf

Qadhafi loyalists celebrate recapture of Ras Lanuf

Forces loyal to Moamer Qadhafi celebrated on Saturday after retaking the eastern Libyan towns of Bin Jawad and Ras Lanuf. The oil town of Ras Lanuf had been the rebel's most advanced stronghold, and regime forces in Bin Jawad marked their victory in front
Published 13 Mar, 2011 12:00am
Investors allowed to pay advance tax on capital gains by March 25

Investors allowed to pay advance tax on capital gains by March 25

Taking a major step to facilitate stock exchanges, the Federal Board of Revenue (FBR) has allowed the investors of stock exchange to make payments of advance tax on capital gain on disposal of securities for the first and second quarters of 2010-2011 by M
Published 13 Mar, 2011 12:00am
Investors allowed to pay advance tax on capital gains by March 25

Investors allowed to pay advance tax on capital gains by March 25

Taking a major step to facilitate stock exchanges, the Federal Board of Revenue (FBR) has allowed the investors of stock exchange to make payments of advance tax on capital gain on disposal of securities for the first and second quarters of 2010-2011 by M
Published 13 Mar, 2011 12:00am
Investors allowed to pay advance tax on capital gains by March 25

Investors allowed to pay advance tax on capital gains by March 25

Taking a major step to facilitate stock exchanges, the Federal Board of Revenue (FBR) has allowed the investors of stock exchange to make payments of advance tax on capital gain on disposal of securities for the first and second quarters of 2010-2011 by M
Published 13 Mar, 2011 12:00am
Flood surcharge: President may again be asked to promulgate ordinance

Flood surcharge: President may again be asked to promulgate ordinance

The Ministry of Finance will again try to persuade President Asif Ali Zardai to impose flood surcharge through an ordinance to enhance revenue in an effort to contain burgeoning fiscal deficit, well informed sources revealed to Business Recorder he
Published 13 Mar, 2011 12:00am
Flood surcharge: President may again be asked to promulgate ordinance

Flood surcharge: President may again be asked to promulgate ordinance

The Ministry of Finance will again try to persuade President Asif Ali Zardai to impose flood surcharge through an ordinance to enhance revenue in an effort to contain burgeoning fiscal deficit, well informed sources revealed to Business Recorder he
Published 13 Mar, 2011 12:00am
Flood surcharge: President may again be asked to promulgate ordinance

Flood surcharge: President may again be asked to promulgate ordinance

The Ministry of Finance will again try to persuade President Asif Ali Zardai to impose flood surcharge through an ordinance to enhance revenue in an effort to contain burgeoning fiscal deficit, well informed sources revealed to Business Recorder he
Published 13 Mar, 2011 12:00am
Escalating Yemen violence kills 3

Escalating Yemen violence kills 3

Three people died and hundreds were injured on Saturday in some of the fiercest clashes between police and anti-government protesters since popular unrest started to batter faction-riven Yemen in January. Two people were killed in the capital Sanaa and a
Published 13 Mar, 2011 12:00am
Supreme Court calls report on PPP-sponsored strike in Sindh

Supreme Court calls report on PPP-sponsored strike in Sindh

Taking notice of the Friday's strike called by the ruling Pakistan People's Party (PPP) against the SC verdict, the Supreme Court of Pakistan has ordered a report over the loss of life and property during the strike, a private TV channel reported late Sat
Published 13 Mar, 2011 12:00am
Supreme Court calls report on PPP-sponsored strike in Sindh

Supreme Court calls report on PPP-sponsored strike in Sindh

Taking notice of the Friday's strike called by the ruling Pakistan People's Party (PPP) against the SC verdict, the Supreme Court of Pakistan has ordered a report over the loss of life and property during the strike, a private TV channel reported late Sat
Published 13 Mar, 2011 12:00am
MQM to remain part of coalition government: Zardari

MQM to remain part of coalition government: Zardari

President Zardari has said that MQM was an ally and PPP would keep it in coalition government and their grievances would be addressed, a private TV channel reported late Saturday. According to the channel, a meeting of PPP ministers was held at Bilawal Ho
Published 13 Mar, 2011 12:00am
MQM to remain part of coalition government: Zardari

MQM to remain part of coalition government: Zardari

President Zardari has said that MQM was an ally and PPP would keep it in coalition government and their grievances would be addressed, a private TV channel reported late Saturday. According to the channel, a meeting of PPP ministers was held at Bilawal Ho
Published 13 Mar, 2011 12:00am
JUI-F's Swati richest senator: ECP issues details of Senators' assets

JUI-F's Swati richest senator: ECP issues details of Senators' assets

Election Commission of Pakistan (ECP) on Saturday issued details of declared assets of members of Upper House of the Parliament. Senators Azam Swati, Ammar Ahmad Khan, Babar Ghauri, Ishaq Dar, Wasim Sajjad and Abdul Nabi Bangash are among the wealthier me
Published 13 Mar, 2011 12:00am
JUI-F's Swati richest senator: ECP issues details of Senators' assets

JUI-F's Swati richest senator: ECP issues details of Senators' assets

Election Commission of Pakistan (ECP) on Saturday issued details of declared assets of members of Upper House of the Parliament. Senators Azam Swati, Ammar Ahmad Khan, Babar Ghauri, Ishaq Dar, Wasim Sajjad and Abdul Nabi Bangash are among the wealthier me
Published 13 Mar, 2011 12:00am
Rule of law necessary for democracy: CJP

Rule of law necessary for democracy: CJP

Chief Justice of Pakistan, Iftikhar Muhammad Chaudhry has said that the rule of law was `sine qua non" for democracy and overall development in the country. Chief Justice expressed these views at the certificates - awarding ceremony on the conclusion of a
Published 13 Mar, 2011 12:00am
Rule of law necessary for democracy: CJP

Rule of law necessary for democracy: CJP

Chief Justice of Pakistan, Iftikhar Muhammad Chaudhry has said that the rule of law was `sine qua non" for democracy and overall development in the country. Chief Justice expressed these views at the certificates - awarding ceremony on the conclusion of a
Published 13 Mar, 2011 12:00am
Europe should drop nuclear power, say greens

Europe should drop nuclear power, say greens

Europe must drop nuclear energy after a radiation leak from Japan's earthquake-damaged atomic reactor proved there are no safety guarantees, European green groups said on Saturday. Opposition politicians and environmental groups in France, Italy and Germa
Published 13 Mar, 2011 12:00am
Europe should drop nuclear power, say greens

Europe should drop nuclear power, say greens

Europe must drop nuclear energy after a radiation leak from Japan's earthquake-damaged atomic reactor proved there are no safety guarantees, European green groups said on Saturday. Opposition politicians and environmental groups in France, Italy and Germa
Published 13 Mar, 2011 12:00am
Europe should drop nuclear power, say greens

Europe should drop nuclear power, say greens

Europe must drop nuclear energy after a radiation leak from Japan''s earthquake-damaged atomic reactor proved there are no safety guarantees, European green groups said on Saturday. Opposition politicians and environmental groups in France, Italy and Germ
Published 13 Mar, 2011 12:00am
End operations in Afghanistan, Karzai tells Nato

End operations in Afghanistan, Karzai tells Nato

Emotional Afghan President Hamid Karzai on Saturday urged international troops to "stop their operations in our land", his strongest salvo yet in a row over mistaken civilian killings. Karzai's comments came after a week in which a relative of his was kil
Published 13 Mar, 2011 12:00am
End operations in Afghanistan, Karzai tells Nato

End operations in Afghanistan, Karzai tells Nato

Emotional Afghan President Hamid Karzai on Saturday urged international troops to "stop their operations in our land", his strongest salvo yet in a row over mistaken civilian killings. Karzai's comments came after a week in which a relative of his was kil
Published 13 Mar, 2011 12:00am
Legislation on the cards to check sea piracy: Gilani

Legislation on the cards to check sea piracy: Gilani

Prime Minister congratulated Pakistan Navy for conducting the multinational naval exercises successfully and said that the Navy was capable enough to defend the sea frontiers of the country. He said Pakistan Navy was committed to peace in the entire regio
Published 13 Mar, 2011 12:00am
Legislation on the cards to check sea piracy: Gilani

Legislation on the cards to check sea piracy: Gilani

Prime Minister congratulated Pakistan Navy for conducting the multinational naval exercises successfully and said that the Navy was capable enough to defend the sea frontiers of the country. He said Pakistan Navy was committed to peace in the entire regio
Published 13 Mar, 2011 12:00am
Malik sees accord on misuse blasphemy laws

Malik sees accord on misuse blasphemy laws

Pakistani politicians should be able to reach a cross-party accord to end misuse of the blasphemy law, based on proposals made by the leader of a religious party, interior minister Rahman Malik said on Friday. Malik told Reuters in an interview party lead
Published 13 Mar, 2011 12:00am
Malik sees accord on misuse blasphemy laws

Malik sees accord on misuse blasphemy laws

Pakistani politicians should be able to reach a cross-party accord to end misuse of the blasphemy law, based on proposals made by the leader of a religious party, interior minister Rahman Malik said on Friday. Malik told Reuters in an interview party lead
Published 13 Mar, 2011 12:00am
Veena Malik says she is getting threats

Veena Malik says she is getting threats

A well-known Pakistani actress Saturday said she had received death threats from militants after appearing on the Indian equivalent of hit reality television show "Big Brother". Veena Malik, 27, incurred the wrath of hard-line Islamic clerics for her perf
Published 13 Mar, 2011 12:00am
Unification bloc: has PML-N committed a blunder?

Unification bloc: has PML-N committed a blunder?

Pakistan Muslim League-Nawaz (PML-N) is said to have made a technical mistake, as it didn't allow some members of the PML (Q) unification bloc to resign and be reelected in bye-elections on a PML (N) ticket, a highly placed source within the party, told B
Published 13 Mar, 2011 12:00am
Prime Minister to inaugurate development projects today

Prime Minister to inaugurate development projects today

Prime Minister Syed Yousuf Raza Gilani arrived here on Saturday evening on his two day to visit to Multan. Prime Minister would inaugurate different development projects completed under Prime Minister Package for Multan on Sunday (today).
Published 13 Mar, 2011 12:00am
Federal Secretary Education Dr Athar visits SU

Federal Secretary Education Dr Athar visits SU

The Federal Secretary Education Dr Muhammad Athar Tahir visited the University of Sindh and met with Vice Chancellor Professor Dr Nazir A Mughal. During his meeting the Federal Secretary informed the Vice Chancellor that he is visiting different Centers w
Published 13 Mar, 2011 12:00am
Awan underlines need to check population 'explosion'

Awan underlines need to check population 'explosion'

Federal Minister for Information and Broadcasting Dr Firdous Ashiq Awan has said that population explosion and lack of long-term planning are the major causes of all socio-economic challenges being faced by the country.
Published 13 Mar, 2011 12:00am
Contractual employees: Shahbaz orders regularisation

Contractual employees: Shahbaz orders regularisation

Chief Minister Shahbaz Sharif has ordered to regularise different contractual employees of grade 16,17 and 18 in industry department and printing press Punjab. Chief Minister has taken this decision on the recommendation of Punjab Public Service Commissio
Published 13 Mar, 2011 12:00am
Call to evolve roadmap to tackle challenges

Call to evolve roadmap to tackle challenges

Speakers at a moot on "Public Sector Accounting in Pakistan", organised by the Institute of Cost and Management Accountants of Pakistan (ICMAP), have called for evolving a national roadmap for countering the challenges posed to the country.
Published 13 Mar, 2011 12:00am
ICCBS scientist gets PAS Gold Medal

ICCBS scientist gets PAS Gold Medal

Pakistan Academy of Sciences (PAS) has awarded PAS Gold Medal to Professor Dr Khalid M. Khan, a senior scientist at International Center for Chemical and Biological Sciences (ICCBS), Karachi University, in recognition of his services in the field of Chemi
Published 13 Mar, 2011 12:00am
Bank Alfalah's Islamic Group

Bank Alfalah's Islamic Group

Bank Alfalah's Islamic Banking Group's Saving Product paid monthly return of 9.89 percent (on annual basis) in February 2011. By giving its savings depositors a high rate of return on a deposit as low as Rs 10,000, Bank Alfalah's Islamic Banking Group - w
Published 13 Mar, 2011 12:00am
Government to utilise more area for cotton cultivation

Government to utilise more area for cotton cultivation

Punjab Agriculture Department has decided to focus on bringing more area under cotton cultivation this year and mobilise farmers in even the non-traditional areas and project unprecedented price as a big incentive for the purpose.
Published 13 Mar, 2011 12:00am
'Aashiyana': 'a revolutionary project for low-income group'

'Aashiyana': 'a revolutionary project for low-income group'

Punjab Chief Minister Muhammad Shahbaz Sharif has said that first housing scheme "Aashiyana" is a revolutionary project of Punjab government for low-income people in the history of the country. He said that under the leadership of Quaid PML-N Mian Muhamma
Published 13 Mar, 2011 12:00am
LDA retires three officials

LDA retires three officials

The Lahore Development Authority (LDA) has imposed major penalty of compulsory retirement from service upon three sub engineers/building inspectors for their involvement in the construction of illegal high rise buildings in the city, whereas departmental
Published 13 Mar, 2011 12:00am
No threat of clash among institutions: Awan

No threat of clash among institutions: Awan

Federal Minister for Law and Parliamentary Affairs, Babar Awan has said there is no threat of clash among the state institutions till they remain within parameters prescribed by the constitution. Talking to newsmen in Lahore on Saturday he said PPP believ
Published 13 Mar, 2011 12:00am
'New statistical law proposed to restructure NSS'

'New statistical law proposed to restructure NSS'

Secretary, Statistics Division, Government of Pakistan, Asif Bajwa on Saturday said that a new statistical law has been proposed to restructure the entire National Statistical System (NSS) of Pakistan.
Published 13 Mar, 2011 12:00am
Prices of essential kitchen items on the rise

Prices of essential kitchen items on the rise

Prices of most of the essential kitchen items like sugar, cooking oil/ghee, eggs, tea and some vegetables registered an increase during the week, over the corresponding period a week ago, a survey carried out by Business Recorder revealed.
Published 13 Mar, 2011 12:00am
IFC to help NRSP finance small farmers

IFC to help NRSP finance small farmers

International Finance Co-operation (IFC), a member of World Bank Group, is improving Pakistani farmers access to finance by investing to transform National Rural Support Programme Bank -one of the country's leading microfinance institutions-into a regulat
Published 13 Mar, 2011 12:00am
Chairman, vice chairman WTAP elected

Chairman, vice chairman WTAP elected

Faud Hamid Garib has been elected as Chairman and Abdul Kalim Bakza and Safder Mehkri as Vice-Chairmen of Wheat Traders Association of Pakistan (WTAP). Following were elected as members of the managing committee: Johar Ali Qandhari, Mehmood Moulvi, Haseeb
Published 13 Mar, 2011 12:00am
Tension grips Karachi after 12 die in shoot-out

Tension grips Karachi after 12 die in shoot-out

Tension gripped various parts of the metropolis as 12 persons including an activist of Muttahida Qaumi Movement (MQM) were gunned down in different incidents of targeted killings on Saturday. The unabated targeted killings, that started Thursday evening a
Published 13 Mar, 2011 12:00am
Shutter-down strike observed in Balochistan

Shutter-down strike observed in Balochistan

On the call of All Parties Conference and Pashtoon Olas Qaumi Jirga, a shutter down strike is being observed across the Balochistan including the provincial capital Quetta on Saturday. Nawab Ayyaz Khan Jogezai, the convenor of Pashtoon Olas Qaumi Jirga an
Published 13 Mar, 2011 12:00am
Italian textile technological seminar on March 14

Italian textile technological seminar on March 14

The Italian Trade Commission is organising two Italian Textile Technological seminars in Pakistan, one in Karachi and one in Lahore. The seminar in Karachi will be held at a local hotel on Monday (tomorrow). It is being organised by Italian Trade Commissi
Published 13 Mar, 2011 12:00am
Three killed, one hurt in separate accidents

Three killed, one hurt in separate accidents

At least three persons were killed and one injured in different road accidents at various parts of the metropolis here on Saturday. According to police, two persons were crushed to death by a speedy trailer at Jinnah Bridge in the limits of Jackson police
Published 13 Mar, 2011 12:00am
'SBP to launch £10 million Financial Innovation Challenge Fund soon'

'SBP to launch £10 million Financial Innovation Challenge Fund soon'

Deputy Governor, State Bank of Pakistan, Yaseen Anwar has disclosed that the central bank will soon launch a 10 million UK pound Financial Innovation Challenge Fund to spur innovations in the financial services products and delivery channels in the countr
Published 13 Mar, 2011 12:00am
University's golden jubilee festival week opens today

University's golden jubilee festival week opens today

The University of Agriculture's Golden jubilee festival week will open today (on Sunday) at 3:00 pm, bringing a variety of colourful programmes for the locals. The programs include horse and cattle show, flower exhibition, Kissan convention, photo exhibit
Published 13 Mar, 2011 12:00am
Protesters demand early arrest of Bhatti's killers

Protesters demand early arrest of Bhatti's killers

A peaceful protest rally under the patronage of All Pakistan Minorities Alliance (APMA) was taken out here on Saturday to condemn the brutal murder of Minister for Minorities Affairs Shahbaz Bhatti. The pastors of different churches of twin cities, Rawalp
Published 13 Mar, 2011 12:00am
Ghaus-ul-Azam urs on March 16

Ghaus-ul-Azam urs on March 16

The Urs of Hazrat Ghaus-ul-Azam, Syed Abdul Qadir Jillani (Blessing of Allah be upon him), founder of Qadriya School of Sufism, will be celebrated in Faziliya Colony, Ferozepur Road, Lahore on March 16.
Published 13 Mar, 2011 12:00am
15 held, weapons, drugs, looted items recovered

15 held, weapons, drugs, looted items recovered

Islamabad Police during a special crackdown nabbed 15 criminals from different areas and recovered illegal weapons, drugs as well as looted items from their possession, said Naeem Iqbal, Spokesman of Islamabad Police here on Saturday.
Published 13 Mar, 2011 12:00am
National Assembly body condemns Shahbaz Bhatti's murder

National Assembly body condemns Shahbaz Bhatti's murder

The National Assembly Standing Committee on Minorities on Saturday strongly condemned the assassination of former Minister for Minorities' Affairs Shahbaz Bhatti through a resolution adopted unanimously. The committee, which met with Mahesh Kumar Malani i
Published 13 Mar, 2011 12:00am
Complete shutdown observed in IHK

Complete shutdown observed in IHK

Complete shutdown observed on Saturday against illegal detention of Hurriyet leaders stepped up gross human rights violations by Indian police and troops in the territory. Call for the shutdown has been given by veteran Kashmiri Hurriyet leader, Syed Ali
Published 13 Mar, 2011 12:00am
Two Nato oil tankers torched near Mach

Two Nato oil tankers torched near Mach

Unidentified armed men attacked and torched two tankers carrying fuel for Nato forces in Afghanistan, near Mach town in Bolan district on Saturday. Unknown six gunmen riding on motorcycles opened fire at two Nato oil tankers, Levies sources said, adding t
Published 13 Mar, 2011 12:00am
NJC to be held on April 21

NJC to be held on April 21

The Chief Justice of Pakistan (CJP) Iftikhar Muhammad Chaudhry on Saturday announced that a National Judicial conference (NJC) would be held on April 21. He was addressing a concluding session of one-week training course for Additional and Senior Civil Ju
Published 13 Mar, 2011 12:00am
IDSP, ISC hold eighth moot on infectious diseases

IDSP, ISC hold eighth moot on infectious diseases

8th Annual Conference on Infectious Diseases "The Age of Superbugs; Facts and Solutions" was organised by Infectious Diseases Society of Pakistan (IDSP) in collaboration with The International Society of Chemotherapy (ISC) in Islamabad on Saturday.
Published 13 Mar, 2011 12:00am
Gas pipeline blown up in Sui

Gas pipeline blown up in Sui

Gas supply to a purification plant was suspended after unknown miscreants blew up a 24-inch diameter gas pipeline in Sui on Saturday. According to the local officials, the miscreants had strapped explosive materials to pipeline supplying gas to a purifica
Published 13 Mar, 2011 12:00am
Six militants killed in repulsed attack

Six militants killed in repulsed attack

Taliban militants on Saturday attacked a security checkpoint in Orakzai agency, which was repulsed by the security forces killing six militants, an official said. Three security personnel were injured in the gun-battle. The security check post is near Afg
Published 13 Mar, 2011 12:00am
EDB clarification

EDB clarification

A spokesman of Engineering Development Board (EDB) has clarified a news item, 'EDB CEC being pressurised to appoint managers' carried by Business Recorder by saying that it is absolutely incorrect that CEO, EDB is being pressurised to appoint manag
Published 13 Mar, 2011 12:00am
BIS to irrigate 25,000 acres agriculture land in Mardan, Malakand

BIS to irrigate 25,000 acres agriculture land in Mardan, Malakand

Baizai Irrigation Scheme (BIS) will irrigate 25,000 acres land in Mardan and Malakand districts, which will help in development of agriculture sector and betterment of the peasants, besides creating economic activities in the area. This was stated in a br
Published 13 Mar, 2011 12:00am
Six of family killed in rocket attack

Six of family killed in rocket attack

Six-member family including a man, his wife and four daughters have been killed in a rockets and mortars attack that took place in Goth Hairdeen area of Jaffarabad district, in east of the provincial capital Quetta on Saturday morning.
Published 13 Mar, 2011 12:00am
NH&MP to set up anti-car lifting cell

NH&MP to set up anti-car lifting cell

National Highway and Motorway Police (NH&MP) is planning to setup an anti car lifting cell to eliminate the menace and provide complete safety and relief to the people. A spokesperson of the NH&MP while talking to Business Recorder on Saturday said
Published 13 Mar, 2011 12:00am
People deprived of 15 vehicles, 13 bikes, valuables in thefts, dacoities

People deprived of 15 vehicles, 13 bikes, valuables in thefts, dacoities

Federal Capital has witnessed increase in crime in current week as 15 vehicles and 13 motorcycles were stolen and people were deprived of valuables worth millions in street crimes along with thefts and highway robberies. Like past, police this week have c
Published 13 Mar, 2011 12:00am
Three killed, two injured in gas cylinder blast

Three killed, two injured in gas cylinder blast

Three persons were killed, while two others sustained injuries when a gas cylinder exploded at CNG kit manufacturing factory near Chung Police Training School here on Saturday. Police said that the workers were busy in their routine work when a gas cylind
Published 13 Mar, 2011 12:00am
University campus to be set up in Sialkot: Khawaja Asif

University campus to be set up in Sialkot: Khawaja Asif

Pakistan Muslim League-Nawaz (PML-N) leader Khawaja Muhammad Asif said that Punjab government is actively considering to establish university campus for ensuring quality higher education facility to the students at local level and work on this proposed pr
Published 13 Mar, 2011 12:00am
MCCI for joint efforts to rehabilitate flood survivors

MCCI for joint efforts to rehabilitate flood survivors

All segments of the society should join hands for the rehabilitation of flood victims as thousands of helpless families are still awaiting help, said Multan Chamber of Commerce and Industry (MCCI), Senior Vice President, Atta Shafi Tanvir Sheikh, on Satur
Published 13 Mar, 2011 12:00am
Government committed to resolving water, power issues: Qamar

Government committed to resolving water, power issues: Qamar

Federal Minister for Water and Power, Syed Naveed Qamar has said that government is committed to resolve the issues of water and power sectors in order to stabilise the economy and enable social uplift in the country. He was presiding over a briefing arra
Published 13 Mar, 2011 12:00am
PIMH to be upgraded to international standard

PIMH to be upgraded to international standard

Parliamentary Secretary Health Punjab, Dr Saeed Elahi has said Punjab Institute of Mental Health (PIMH) will be upgraded to international standard. Dr Elahi further said that recommendations would be sent to the Chief Minister Punjab, Shahbaz Sharif for e
Published 13 Mar, 2011 12:00am
LHC moved against DG NAB's appointment

LHC moved against DG NAB's appointment

The appointment of Acting Director General, National Accountability Bureau (Punjab), Rana Zahid Mehmood has been challenged before the Lahore High Court. The petitioner Shah Faisal Farooq, through his counsel Muhammad Azhar Siddique, submitted that Rana M
Published 13 Mar, 2011 12:00am
Removal of NAB chairman: PLF defends criticism of SC by PPP

Removal of NAB chairman: PLF defends criticism of SC by PPP

People's Lawyers Forum (PLF) Punjab official has said PPP is practicing its freedom of speech against decision regarding national accountability bureau's chairman. In a statement issued here on Saturday, senior vice president Malik Nasir Awan and addition
Published 13 Mar, 2011 12:00am
Nepal Chief Justice visits PJA

Nepal Chief Justice visits PJA

The Chief Justice (CJ) of the Nepal, Ram Prasad Shreshta, here on Saturday visited Punjab Judicial Academy (PJA). Judicial Academy director general former Justice Tanvir Ahmad Khan briefed the Nepal CJ and other members of Nepali delegation about the func
Published 13 Mar, 2011 12:00am
GCU EFT gives away Rs 1.52 million scholarships

GCU EFT gives away Rs 1.52 million scholarships

The Government College University Lahore Endowment Fund Trust (GCU EFT) has given away scholarships of Rs 1.529 million to as many as 28 needy and talented students of the University for their complete one-year academic and hostel expenses.
Published 13 Mar, 2011 12:00am
'PPP has become Zardari's party'

'PPP has become Zardari's party'

Punjab Law Minister, Rana Sanaullah has said present Pakistan People's Party is neither Z.A Bhutto's nor Benazir Bhutto's party but Zardari's party. Talking to reporters after addressing the inaugural session of Conference on "Public Sector Accounting in
Published 13 Mar, 2011 12:00am
Call to evolve roadmap to tackle challenges

Call to evolve roadmap to tackle challenges

Speakers at a moot on "Public Sector Accounting in Pakistan", organised by the Institute of Cost and Management Accountants of Pakistan (ICMAP), have called for evolving a national roadmap for countering the challenges posed to the country. Punjab Law Min
Published 13 Mar, 2011 12:00am
Educational facilities should be the same for boys and girls

Educational facilities should be the same for boys and girls

Speakers at a seminar said that all sectors including the chamber of commerce or the corporate sector should be engaged in any discourse on education policy making and its implementation. These views were expressed by them on a seminar on "Empowerment thr
Published 13 Mar, 2011 12:00am
Pakistan's economy and living standards require timber imports

Pakistan's economy and living standards require timber imports

When Pakistan imports timber from around the world, it makes economic, social, and environmental sense. Pakistan's current forestry practices are unorthodox, underdeveloped, and most importantly, unsustainable. The logging and sawmill practices not only w
Published 13 Mar, 2011 12:00am
A peep into distorted vision

A peep into distorted vision

Are we moving backward in time? Yes, the latest example is the government decision that all students, journalists, artistes and NGO personnel would be required to obtain NOC from the Ministry of Interior. The details of the decision and the mechanism woul
Published 13 Mar, 2011 12:00am
Reforms in Fata

Reforms in Fata

Addressing the Tribal Jirga in Peshawar on 17 April 1948 the Quaid-e-Azam warmly welcomed tribal chiefs' declaration to join Pakistan, willingly and enthusiastically. And in accepting their "pledge of loyalty" he promised a regime of reforms for their soc
Published 13 Mar, 2011 12:00am
Mauritius: potential market for engineering goods

Mauritius: potential market for engineering goods

Pursuant to the policies of the government of Pakistan aiming at accelerating exports growth, a result-oriented action plan is currently being prepared by the Engineering Development Board, with focus on analysing input issues, impediments to growth and t
Published 13 Mar, 2011 12:00am
Quake, nuclear power plant blast fail to shake Japanese

Quake, nuclear power plant blast fail to shake Japanese

Widespread panic looks different. If it weren't for the slight chill in the air, Saturday night would have made for a very pleasant stroll through the streets of Tokyo. Traffic in the Japanese capital is much lighter than usual with authorities having clo
Published 13 Mar, 2011 12:00am
E-mail tricks for greater productivity

E-mail tricks for greater productivity

For most of us, attending to e-mail is not just an optional part of our daily routine. It's a requirement - and sometimes not a pleasant one. That's why it makes sense to work smarter and more efficiently with e-mail. Adopt some of the tricks below, and y
Published 13 Mar, 2011 12:00am
Shahbaz Bhatti's murder

Shahbaz Bhatti's murder

Death is certain, but also uncertain as it is categorically bound to impede every living soul someday though randomly, hence uncertain. In other words, this randomness of chance that death will embrace someone carries with itself an admixture of elements
Published 13 Mar, 2011 12:00am
Oil suffers roller-coaster week on Libya, Japan quake

Oil suffers roller-coaster week on Libya, Japan quake

Oil endured a roller-coaster ride last week, spiking to 2008 peaks as unrest hit crude exporter Libya, before slumping after a deadly massive earthquake rocked the world's third largest economy Japan. Gold hit a new record on Monday, as escalating violenc
Published 13 Mar, 2011 12:00am
Palm oil set for record high

Palm oil set for record high

Palm oil is heading for record highs in 2011 on expectations for costly crude oil to bolster biodiesel demand and offset better harvests, keeping up the pressure on countries battling inflation.
Published 13 Mar, 2011 12:00am
India's February vegetable oil imports to fall

India's February vegetable oil imports to fall

India's vegetable oil imports in February may have tumbled more than a quarter from January as buyers slowed imports due to high global prices and increased domestic oilseeds crushing, a Reuters survey showed on Friday.
Published 13 Mar, 2011 12:00am
Manila may start tender for rice import rights next week

Manila may start tender for rice import rights next week

The Philippines' state grains agency may start the bidding process for private sector rice import rights next week, as it seeks to secure supplies to counter any risk of bad weather causing major crop damage. Angelito Banayo, administrator of the National
Published 13 Mar, 2011 12:00am
Asian rubber: default fears resurface as tyre price tumbles

Asian rubber: default fears resurface as tyre price tumbles

Some cargoes of Thai, Indonesia and Malaysian tyre grades changed hands around $5 a kg, but the rubber market was deserted after prices plunged 10 percent in nearly a month as speculators unwound positions on Tokyo futures, dealers said on Tuesday.
Published 13 Mar, 2011 12:00am
US soyabeans plummet

US soyabeans plummet

Chicago Board of Trade soyabean futures closed sharply lower on Friday, unable to shake off early losses that came amid liquidation of long positions following a massive earthquake in Japan, traders said. The 8.9-magnitude earthquake was the largest earth
Published 13 Mar, 2011 12:00am
Market price for upland cotton

Market price for upland cotton

The US Agriculture Department set the prevailing world market price for upland cotton at 219.48 cents per lb, effective through March 17. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton. The next announc
Published 13 Mar, 2011 12:00am
US gold stays higher

US gold stays higher

Gold remained near the day's highs on Friday after the dollar weakened against the euro and as investors sought the precious metal's safety after Japan's earthquake and with Middle East violence rising heading into the weekend.
Published 13 Mar, 2011 12:00am
Copper steadies

Copper steadies

Copper steadied by the close on Friday, recovering from an earlier three-month low, as investors reassessed the likely fallout from Japan's massive earthquake. An acceleration in Chinese inflation in February only added to the negative mood across the bas
Published 13 Mar, 2011 12:00am
World sends disaster relief teams to Japan

World sends disaster relief teams to Japan

The international community started to send disaster relief teams on Saturday to help Japan after it suffered a massive earthquake and tsunami, with the United Nations sending a group to help co-ordinate work. "We are in the process of deploying 9 experts
Published 13 Mar, 2011 12:00am
Afghan province offers aid to Japan

Afghan province offers aid to Japan

One of impoverished Afghanistan's most violent provinces on Saturday offered $50,000 in aid to help victims of Japan's earthquake and tsunami, officials said. The cash has been offered by officials in Kandahar province in southern Afghanistan, which is se
Published 13 Mar, 2011 12:00am
British court hands down first libel fine for tweet

British court hands down first libel fine for tweet

A former Welsh mayor became the first Briton to be ordered to pay libel damages over a Twitter entry after a political rival sued him in the high court, a report said on Saturday. Colin Elsbury, a former mayor in the south Wales town of Caerphilly had twe
Published 13 Mar, 2011 12:00am
14 killed in tour bus accident in New York: officials

14 killed in tour bus accident in New York: officials

A tour bus flipped over on a highway in New York city early Saturday, killing 14 people and leaving a least six others in critical conditions, authorities said. "The accident was horrific. Fourteen people are dead and others are badly hurt," said Mayor Mi
Published 13 Mar, 2011 12:00am
South Sudan accuses Bashir of plot, suspends talks

South Sudan accuses Bashir of plot, suspends talks

South Sudan accused Sudanese President Omar Hassan Al-Bashir of arming militias to overthrow the south's government before the secession of the oil-producing region in July, and suspended talks with Khartoum. The accusation on Saturday came hours after mi
Published 13 Mar, 2011 12:00am
Twitter ordered to give WikiLeaks data to US

Twitter ordered to give WikiLeaks data to US

A US judge on Friday ordered Twitter to hand over data of three users in contact with the controversial website WikiLeaks, rejecting arguments the move violated freedom of speech and privacy. President Barack Obama's administration obtained a court order
Published 13 Mar, 2011 12:00am
Five Israelis killed

Five Israelis killed

A Palestinian infiltrator stabbed five people to death, three of them children, after breaking into the home of a Jewish family in a West Bank settlement early on Saturday, Israeli officials said. Troops set up roadblocks and were searching the area aroun
Published 13 Mar, 2011 12:00am
US contractor gets 15 years in Havana

US contractor gets 15 years in Havana

Cuba announced Saturday that jailed US contractor Alan Gross has been sentenced to 15 years prison following a trial in Havana. The Popular Provincial Tribunal found Gross responsible for "acts against the independence or territorial integrity," according
Published 13 Mar, 2011 12:00am
Egypt to lift restrictions on political parties

Egypt to lift restrictions on political parties

Egypt will lift restrictions on forming political parties that choked political life during the rule of President Hosni Mubarak after a March 19 referendum on constitutional amendments, an army source said on Saturday. Under Mubarak, parties needed the ap
Published 13 Mar, 2011 12:00am
If Bahrain fails to reform, Iran will meddle: Gates

If Bahrain fails to reform, Iran will meddle: Gates

US Defence Secretary Robert Gates said on Saturday that Bahrain's leaders needed to move quickly to adopt major reforms or else risk interference from Iran. After talks with Bahrain's king and crown prince, Gates said he was hopeful the government would t
Published 13 Mar, 2011 12:00am
Thousands protest outside king's palace

Thousands protest outside king's palace

Thousands of people held a protest against the Bahraini monarchy outside one of the king's palaces near Manama on Saturday, a day after a failed attempt to march on another royal palace. Demonstrators called for the fall of the regime, chanting slogans ag
Published 13 Mar, 2011 12:00am
Thai opposition protesters stage major rally

Thai opposition protesters stage major rally

Tens of thousands of anti-government "Red Shirts" protested in Bangkok Saturday in a major show of strength to mark a year since the start of a mass rally in the capital that turned deadly. Thailand's rival political factions are gearing up for elections
Published 13 Mar, 2011 12:00am
Former Blackwater guards guilty of Afghan manslaughter

Former Blackwater guards guilty of Afghan manslaughter

Two former Blackwater security guards were convicted Friday of involuntary manslaughter for a deadly shooting in Afghanistan but were acquitted of more serious charges, US officials said. Christopher Drotleff, 29, and Justin Cannon, 27, face a maximum of
Published 13 Mar, 2011 12:00am
Tsunami waves kill one in US

Tsunami waves kill one in US

Tsunami waves from Japan's huge quake have killed at least one person and sparked mass evacuations on the American continent, but failed to inflict major damage. Surges of eight feet (2.4 meters) high crashed ashore on the coasts of California and Oregon
Published 13 Mar, 2011 12:00am
US approved $40 billion in 2009 private arms sales

US approved $40 billion in 2009 private arms sales

The US government approved $40 billion in world-wide private arms sales in 2009, including more than $7 billion to Mideast and North African nations that are struggling with political upheaval, the State Department reported. From 2008 to 2009, the US auth
Published 13 Mar, 2011 12:00am
Yen soars, set to rise further after quake

Yen soars, set to rise further after quake

The yen soared on Friday after the worst earthquake on record to hit Japan spurred a safety bid, and it could rise further next week if insurers scramble to raise cash by selling their foreign assets. The yen initially fell to a two-week low against the d
Published 13 Mar, 2011 12:00am
Canadian dollar falls

Canadian dollar falls

Canada's dollar slipped to a its lowest in nearly two weeks against the US dollar, while bonds added to gains on Friday morning after data showed job creation slowed more than expected in February. The data firmed expectations that the Bank of Canada has
Published 13 Mar, 2011 12:00am
Speculators boost dollar shorts, euro longs rise

Speculators boost dollar shorts, euro longs rise

Currency speculators boosted bets in favour of the euro to the highest since December 2007 in the latest week, while the value of bets against the dollar rose further, data from the Commodity Futures Trading Commission showed on Friday.
Published 13 Mar, 2011 12:00am
Quake aftermath could weigh on Japanese ADRs

Quake aftermath could weigh on Japanese ADRs

The rebuilding effort following Japan's devastating earthquake could help stocks in the short-term, although the costs could exacerbate the country's already troubled budget situation. The quake triggered a 10-meter tsunami that killed hundreds of people.
Published 13 Mar, 2011 12:00am
Earthquake, Middle East woes, boost Fed funds futures

Earthquake, Middle East woes, boost Fed funds futures

Traders' expectations for a rate hike from the Federal Reserve in January briefly hit a three-month low on Friday as unrest continued in the Middle East and a powerful earthquake and tsunami struck Japan, killing at least 1,000 people and destroying miles
Published 13 Mar, 2011 12:00am
Energy leads Wall Street after Saudi protests fizzle

Energy leads Wall Street after Saudi protests fizzle

US stocks closed the week on a high note on Friday, on relief that unrest did not engulf top oil producer Saudi Arabia, calming some investors who worried the market was entering a near-term slide. Stocks snapped back from early-week losses even as other
Published 13 Mar, 2011 12:00am
Turkish bond yields down

Turkish bond yields down

Turkish bond yields dipped on Friday due to speculation the central bank will not raise reserve requirement ratios at this month's policy meeting and helped by easer oil prices. Stocks ended one percent higher, with shares in Turkey's largest conglomerate
Published 13 Mar, 2011 12:00am
Turkish bond yields down

Turkish bond yields down

Turkish bond yields dipped on Friday due to speculation the central bank will not raise reserve requirement ratios at this month's policy meeting and helped by easer oil prices. Stocks ended one percent higher, with shares in Turkey's largest conglomerate
Published 13 Mar, 2011 12:00am
Treasury Outlook: post-quake selling spectra may be overblown

Treasury Outlook: post-quake selling spectra may be overblown

Investors in the Treasury market will begin next week by confronting the familiar spectre of possible post-disaster selling of US Treasuries by insurers, following a devastating earthquake in Japan on Friday. But not everyone in the market is convinced th
Published 13 Mar, 2011 12:00am
Treasury Outlook: post-quake selling spectra may be overblown

Treasury Outlook: post-quake selling spectra may be overblown

Investors in the Treasury market will begin next week by confronting the familiar spectre of possible post-disaster selling of US Treasuries by insurers, following a devastating earthquake in Japan on Friday. But not everyone in the market is convinced th
Published 13 Mar, 2011 12:00am
Peru stock exchange expects 3 to 6 IPOs in 2011

Peru stock exchange expects 3 to 6 IPOs in 2011

Three to six companies are expected to debut on the Lima Stock Exchange this year as an association with the bourses of Bogota and Santiago makes a new regional market more attractive to investors, the CEO of the Peruvian exchange said on Friday.
Published 13 Mar, 2011 12:00am
Treasuries fall

Treasuries fall

The biggest earthquake on record to hit Japan may prompt insurance firms to sell assets to pay for damages, and investors were watching Friday to see if they dispose of US government debt to raise cash. The massive quake left analysts seeking market guida
Published 13 Mar, 2011 12:00am
Treasuries fall

Treasuries fall

The biggest earthquake on record to hit Japan may prompt insurance firms to sell assets to pay for damages, and investors were watching Friday to see if they dispose of US government debt to raise cash. The massive quake left analysts seeking market guida
Published 13 Mar, 2011 12:00am
Sri Lankan stocks fall

Sri Lankan stocks fall

Sri Lanka's stock market fell in low volumes and turnover on Friday to over five-week lows as investors cashed in for upcoming IPOs and forced selling by brokers in line with a directive by the Securities and Exchange Commission (SEC). The island's main s
Published 13 Mar, 2011 12:00am
Software, services top 2011 hot IPO

Software, services top 2011 hot IPO

As investors impatiently await initial public offerings from LinkedIn, Groupon, Facebook and other hot Web start-ups, some lesser-known software technology companies are quietly positioning themselves to tap the public markets this year.
Published 13 Mar, 2011 12:00am
TSX snaps four-day slide

TSX snaps four-day slide

Toronto's resource-heavy stock index pushed higher after early volatility on Friday morning as investors bought beaten-down stocks and the market regrouped after an initial selloff in reaction to the huge earthquake in Japan. After four straight days of l
Published 13 Mar, 2011 12:00am
Emerging markets: Latin American stocks bounce at end

Emerging markets: Latin American stocks bounce at end

Latin America stocks bounced up on Friday after the worst weekly slide since November, but equities were facing deeper losses ahead as higher oil prices and rising interest rates could hit growth. The MSCI Latin American stocks index rose 0.22 percent and
Published 13 Mar, 2011 12:00am
Emerging markets: Latin American stocks bounce at end

Emerging markets: Latin American stocks bounce at end

Latin America stocks bounced up on Friday after the worst weekly slide since November, but equities were facing deeper losses ahead as higher oil prices and rising interest rates could hit growth. The MSCI Latin American stocks index rose 0.22 percent and
Published 13 Mar, 2011 12:00am
Indian bond yields steady

Indian bond yields steady

Indian federal bond yields ended largely steady on Friday as traders eyed inflation data on Monday for cues on the tone of the central bank's policy review next week, with expectations of a quarter point hike already priced in. The Reserve Bank of India (
Published 13 Mar, 2011 12:00am
Indian bond yields steady

Indian bond yields steady

Indian federal bond yields ended largely steady on Friday as traders eyed inflation data on Monday for cues on the tone of the central bank's policy review next week, with expectations of a quarter point hike already priced in. The Reserve Bank of India (
Published 13 Mar, 2011 12:00am
Cambodia to use local currency on stock exchange

Cambodia to use local currency on stock exchange

Cambodia will use the local currency for trading on its soon-to-be-launched stock exchange, officials said Saturday, in a bid to boost the use of the riel in the heavily dollarised country. Stock quotations must be in riel only, the Securities and Exchang
Published 13 Mar, 2011 12:00am
IPO to help Norma cut debt

IPO to help Norma cut debt

German engineering group Norma will use the proceeds from its market debut to chip away at its pile of debt and fund acquisitions, the group's top two executives told Reuters. "Our eyes are open and we would consider acquisition targets all over the world
Published 13 Mar, 2011 12:00am
Generator failure grounds US F-35 fighter fleet

Generator failure grounds US F-35 fighter fleet

The US military has grounded its entire fleet of 10 F-35 fighter jets built by Lockheed Martin Corp while it investigates a dual generator failure and an oil leak that occurred during a flight test last week, the company said.
Published 13 Mar, 2011 12:00am
China lifts barrier on Canada legume products

China lifts barrier on Canada legume products

China has removed a key trade barrier against certain foods made with legume crops, Canada's agriculture minister said on Friday. China has removed its maximum limit for selenium, a naturally occurring mineral, in imported food, which acted as a barrier t
Published 13 Mar, 2011 12:00am
Kia recalls 70,000 Optimas

Kia recalls 70,000 Optimas

Kia Motors is recalling more than 70,000 Optima midsize sedans to fix transmission problems that can cause the cars to roll even while they are in park. The cars are from the 2006 through 2008 model years and were built from September 29, 2005 to June 13,
Published 13 Mar, 2011 12:00am
Downgrades more likely if no coherent EU plan: Fitch

Downgrades more likely if no coherent EU plan: Fitch

The risk of credit downgrades for eurozone governments will intensify if European leaders cannot agree a credible and coherent policy response to the bloc's debt crisis, ratings agency Fitch said on Friday. Euro zone leaders must deliver on fiscal consoli
Published 13 Mar, 2011 12:00am
ECB says bond buying plan temporary

ECB says bond buying plan temporary

European Central Bank president Jean-Claude Trichet told German weekly magazine Der Spiegel that the bank's program of buying government bonds was temporary. "We will not do this forever. This measure is, like all our extraordinary measures, temporary," h
Published 13 Mar, 2011 12:00am
Toyota, other carmakers close quake-hit plants

Toyota, other carmakers close quake-hit plants

Toyota Motor Co said it has halted production at two factories with combined annual capacity of 420,000 small cars built mainly for overseas markets, after a massive earthquake hit Japan the previous day. Toyota, Japan's biggest carmaker, said it had not
Published 13 Mar, 2011 12:00am
Argentina fines economists over price data

Argentina fines economists over price data

Argentina's government fined two private consultancies $120,000 over the publication of inflation estimates that more than double the official rate, the state news agency reported on Friday. The government's price watchdog, Domestic Commerce Secretary Gui
Published 13 Mar, 2011 12:00am
Big crowds greet Apple's iPad 2

Big crowds greet Apple's iPad 2

Thousands of people thronged Apple stores on both US coasts as the iPad 2 went on sale on Friday, signalling a strong appetite for a device that dominates the fledgling market it created. Hordes of fans - some of whom had queued up overnight - formed rauc
Published 13 Mar, 2011 12:00am
Irish demands snarl up euro negotiations

Irish demands snarl up euro negotiations

New Irish Prime Minister Enda Kenny held up a summit of leaders as he fought with eurozone partners in the early hours of Saturday to renegotiate the terms of his country's bailout, sources said. As the eurozone struggled to agree a lasting solution to a
Published 13 Mar, 2011 12:00am
Eurozone leaders agree to strengthen bailout fund

Eurozone leaders agree to strengthen bailout fund

European leaders agreed to strengthen the eurozone bailout fund on Saturday, make its loans cheaper and lower the interest rate on funds extended to Greece, a move to get on top of the year-long debt crisis. As part of a bold series of steps that may help
Published 13 Mar, 2011 12:00am
China to help develop Azadegan fields: Iran

China to help develop Azadegan fields: Iran

China will participate in developing Iran's giant north and south Azadegan oil fields, work that is too expensive for an Iran firm to carry out, an Iranian official was quoted as saying on Saturday by the semi-official Mehr news agency. "Separate contract
Published 13 Mar, 2011 12:00am
Previous Day