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Archive - 2011-03-14
Vodafone slips on talk of SFR sale price
Top News

Vodafone slips on talk of SFR sale price

LONDON: Shares in Vodafone, the world's largest mobile operator by revenue, fell almost 2 percent on Monday on a report
Published 14 Mar, 2011 06:26pm
NDMA to send rescue team to Japan
Top News

NDMA to send rescue team to Japan

ISLAMABAD: The NDMA will send a 70-member seacrch and rescue team to Japan to help the people and the government of Japa
Published 14 Mar, 2011 05:28pm
GE to help Japan in energy needs
Asia

GE to help Japan in energy needs

NEW DELHI: US engineering giant General Electric, which supplied reactors to Japan's stricken Fukushima No. 1 nuclear pl
Published 14 Mar, 2011 04:44pm
LSM grows by 1.03pc in 7 months
Top News

LSM grows by 1.03pc in 7 months

ISLAMABAD: Despite energy shortage, the production of Large Scale Manufacturing (LSM) grew by 1.03 percent during the
Published 14 Mar, 2011 03:39pm
33 dead in attack on Afghan army centre
Top News

33 dead in attack on Afghan army centre

KUNDUZ: A suicide attack on an army recruitment centre in northern Afghanistan has left 33 people dead and another 42 wo
Published 14 Mar, 2011 11:23am
India checks pilots for 'fake licences'
Top News

India checks pilots for 'fake licences'

NEW DELHI: Indian regulators said Monday they would check that thousands of pilots were qualified to do their job, aft
Published 14 Mar, 2011 09:32am
Another school blown up in Landi Kotal
Top News

Another school blown up in Landi Kotal

LANDI KOTAL: Unidentified miscreants blown up another Govt Middle School with explosives in Zakhakhel area of Landi Kotl
Published 14 Mar, 2011 08:36am
Putin’s party wins Russia vote
Europe

Putin’s party wins Russia vote

MOSCOW: Russia's ruling party scored a resounding victory on Monday in regional elections that served as a closely watch
Published 14 Mar, 2011 05:59am
As blossoms spring, so does lawn
BR Research

As blossoms spring, so does lawn

With the arrival of the spring season, city roads have been decorated with colourful billboards showcasing a vibrant variety of lawn designs
Published 14 Mar, 2011 12:00am
Bombed economy
BR Research

Bombed economy

After a short-lived cease-fire, the terrorists, the suicide bombings and the drone attacks are back in business. The dilemma is growing stro
Published 14 Mar, 2011 12:00am
German lawmakers criticise euro bailout deal

German lawmakers criticise euro bailout deal

Several politicians from Germany's ruling coalition criticised Chancellor Angela Merkel's government on Sunday for compromises it made in a deal to strengthen the eurozone bailout fund. Some threaten to vote against the deal, reached early on Saturday by
Published 14 Mar, 2011 12:00am
Renault staff questioned in dirty tricks probe

Renault staff questioned in dirty tricks probe

Investigators questioned three security staff of French car maker Renault in the latest twist of a case that started with explosive spying claims, an official said Sunday, citing suspected fraud.
Published 14 Mar, 2011 12:00am
UK budget will stick to deficit plan: minister

UK budget will stick to deficit plan: minister

Britain will stick to its plans to slay a record deficit in the budget this month, a senior minister told Reuters on Saturday, indicating there is little, if any, room to support growth via tax cuts or spending.
Published 14 Mar, 2011 12:00am
US lawmakers confident on short-term budget deal

US lawmakers confident on short-term budget deal

Senior US lawmakers in both parties said on Sunday that Congress will pass a stopgap spending bill to avert a government shutdown this week, but warned there are still big obstacles to long-term deals on the budget and debt.
Published 14 Mar, 2011 12:00am
Kiwis, Aussies reach World Cup quarter-finals

Kiwis, Aussies reach World Cup quarter-finals

Defending champions Australia and New Zealand eased into the World Cup quarter-finals on Sunday as Kenya and Canada toiled manfully, but fruitlessly, in defeat. Australia extended their unbeaten World Cup record to 33 matches with a 60-run run win over Ke
Published 14 Mar, 2011 12:00am
Irish seamer Johnston battles for fitness

Irish seamer Johnston battles for fitness

Veteran Ireland seamer Trent Johnston missed training on Sunday as he battles to recover from a knee injury in time for his team's make-or-break World Cup clash with South Africa on Tuesday. Johnston missed the defeat to West Indies last week but Ireland
Published 14 Mar, 2011 12:00am
Wang Shixian lifts first All England crown

Wang Shixian lifts first All England crown

World number one Wang Shixian of China won her first All England women's singles crown on Sunday, battling past brave Japanese Eriko Hirose 24-22 21-18. Unseeded Hirose was the first Japanese to reach the final since 1979 and fought all the way but Wang p
Published 14 Mar, 2011 12:00am
PCB to host first series in two years

PCB to host first series in two years

The Pakistan Cricket Board (PCB) will host a team from the Indian Punjab in June for a limited-overs series as the country takes steps towards reviving international cricket on home soil following a two-year absence.
Published 14 Mar, 2011 12:00am
Batsmen not playing for country, rages Dhoni

Batsmen not playing for country, rages Dhoni

India skipper Mahendra Singh Dhoni lashed out at his batsmen for playing to the gallery and not for their country in the three-wicket World Cup defeat to South Africa. India looked set to post a mammoth total in Saturday's game when they reached 267-1 fol
Published 14 Mar, 2011 12:00am
Cheema reprimanded for bowling beamers

Cheema reprimanded for bowling beamers

Canada paceman Rizwan Cheema was given an official reprimand by World Cup organisers on Sunday after bowling beamers in their 97-run defeat by New Zealand at the Wankhede Stadium. The incident took place on the fifth ball of New Zealand's 50th and final o
Published 14 Mar, 2011 12:00am
Afridi backs Akmal brothers

Afridi backs Akmal brothers

Pakistan captain Shahid Afridi said Sunday that struggling wicket-keeper Kamran Akmal and his younger brother Umar would both will play against Zimbabwe on Monday. There has been confusion over the Akmal brothers ever since the 110-run defeat against New
Published 14 Mar, 2011 12:00am
Coach wants meat in Zimbabwe batting

Coach wants meat in Zimbabwe batting

Zimbabwe's English coach Alan Butcher demanded better batting in the match against Pakistan on Monday, saying small totals cannot win his team World Cup matches. Zimbabwe were bowled out for 188 in their 139-run defeat against Sri Lanka last week, leaving
Published 14 Mar, 2011 12:00am
Villa duo say sorry after coaching clash

Villa duo say sorry after coaching clash

Aston Villa defenders Richard Dunne and James Collins have apologised after clashing with the club's coaching staff. The News of the World reported on Sunday that Ireland defender Dunne and Collins were critical of some of Villa manager Gerard Houllier's
Published 14 Mar, 2011 12:00am
Stoke get semi with Bolton after beating Hammers

Stoke get semi with Bolton after beating Hammers

Stoke City stayed on course for a first-ever FA Cup final appearance when they beat West Ham United 2-1 in a quarter-final full of controversial refereeing decisions at thee Britannia Stadium on Sunday Stoke, into the semi-finals for the first time since
Published 14 Mar, 2011 12:00am
West Indies must beat England, says Bangladesh coach

West Indies must beat England, says Bangladesh coach

Bangladesh coach Jamie Siddons said Sunday it was vital for the West Indies to beat England if his team is to have a realistic chance of reaching the World Cup knockout phase. Bangladesh, who moved to four points after their stunning win over England on F
Published 14 Mar, 2011 12:00am
West Indies Test player Morton arrested

West Indies Test player Morton arrested

Trinidad batsman Runako Morton and Leeward Islands all-rounder Tonito Willett were forced out of a Caribbean regional match after being arrested, officials said. The 32-year-old Morton, a former West Indies Test player, and Willett were picked up by polic
Published 14 Mar, 2011 12:00am
Oil price signals cost threat for companies

Oil price signals cost threat for companies

Some energy investors celebrate crude at $100 a barrel because it means higher profits but the downside is it might push up costs at oilfields in North America as companies compete for staff and equipment. Inflation gauges around the world are creeping hi
Published 14 Mar, 2011 12:00am
Citigroup in, Goldman out at top funds

Citigroup in, Goldman out at top funds

Top hedge funds turned conventional wisdom on its head in the fourth quarter by swapping out Wall Street powerhouse Goldman Sachs Group Inc for battered bailout survivor Citigroup Inc. Viking Global Investors manager Andreas Halvorsen sold off all his sha
Published 14 Mar, 2011 12:00am
Islamic insurance growth weak in Asia

Islamic insurance growth weak in Asia

Growth in Southeast Asia's Islamic insurance sector has been weaker than expected with many consumers happy to settle for regular policies, the Asian head of Britain's No. 2 insurer Aviva said on March 08. "The huge growth that we expected a few years ago
Published 14 Mar, 2011 12:00am
Gazprom to boost trading in Asia to tap rising demand

Gazprom to boost trading in Asia to tap rising demand

Russia's Gazprom, the world's largest natural gas producer, is stepping up operations in Asia to grab trade opportunities as rising energy demand in regional giants China and India swells the gap between appetite and output.
Published 14 Mar, 2011 12:00am
Google rewards top executives

Google rewards top executives

Google has awarded nearly $9 million in bonuses and another $50 million in equity to four top executives of the Internet giant, according to a filing with the US Securities and Exchange Commission. Patrick Pichette, Google's chief financial officer, recei
Published 14 Mar, 2011 12:00am
Emirates drops plans for bond after unrest

Emirates drops plans for bond after unrest

Emirates, one of the Arab world's largest airline, has dropped plans for a bond to finance expansion after the uprisings in North Africa made rates more expensive, its president said. "We tested the water and it was pretty muddy," Tim Clark told Reuters i
Published 14 Mar, 2011 12:00am
Emirates drops plans for bond after unrest

Emirates drops plans for bond after unrest

Emirates, one of the Arab world's largest airline, has dropped plans for a bond to finance expansion after the uprisings in North Africa made rates more expensive, its president said. "We tested the water and it was pretty muddy," Tim Clark told Reuters i
Published 14 Mar, 2011 12:00am
GM financial chief leaves after one year

GM financial chief leaves after one year

General Motors chief financial officer Chris Liddell, a key architect of the automaker's revival after its 2008-09 near-collapse, announced his resignation Thursday after one year in the job. The former Microsoft executive who turned to the auto industry
Published 14 Mar, 2011 12:00am
New Chrome browser ready for the world

New Chrome browser ready for the world

Google on March 8 released a finished version of its speedy new Chrome Web browsing software for desktop or laptop computers. The latest version of Chrome promised quick and responsive handling of software running in the Web browser.
Published 14 Mar, 2011 12:00am
Home WiFi gives 30 percent slower connection: study

Home WiFi gives 30 percent slower connection: study

Download speeds for consumers using WiFi stations are on average 30 percent slower than they are for users of fixed connections, because of physical barriers and interference from devices like microwaves, a study showed on Thursday.
Published 14 Mar, 2011 12:00am
Android tops BlackBerry in US: comScore

Android tops BlackBerry in US: comScore

Google's Android has surged past Blackberry maker Research in Motion to become the leading smartphone platform in the United States, market tracking firm comScore said on March 7. Google's Android operating system captured the top spot in the United State
Published 14 Mar, 2011 12:00am
Fibre-optic line in Berlin quadruples

Fibre-optic line in Berlin quadruples

A fibre-optics connection in Berlin has set a new world data-speed record of 10.2 terabits per second, scientists said on March 9, opening up the prospect of faster internet links. The per-second quantity of serial data, four times the old record, is equi
Published 14 Mar, 2011 12:00am
Google logo, maps mark International Women's Day

Google logo, maps mark International Women's Day

Google marked International Women's Day on March 8 by dedicating its logo to the 100th anniversary of the celebration of women's achievements and by giving Google Maps' icon Pegman a female sidekick - Pegwoman. The colourful logo, known as a doodle, on th
Published 14 Mar, 2011 12:00am
Google maps now helps users beat traffic jams

Google maps now helps users beat traffic jams

Google upgraded its popular Google Maps on March 7 to suggest faster routes to drivers based on real-time traffic conditions. Google Maps Navigation, released in beta, or test mode, shows various routes along with estimated travel times and uses red, gree
Published 14 Mar, 2011 12:00am
Google lets searchers side-step unwanted websites

Google lets searchers side-step unwanted websites

Google on March 10 began letting people sidestep unwanted websites by eliminating them from Internet search results. "Now there's yet another way to find more of what you want on Google by blocking the sites you don't want to see," Google search quality e
Published 14 Mar, 2011 12:00am
Google purges tainted applications from Android phones

Google purges tainted applications from Android phones

Google has remotely purged Android smartphones of applications tainted with malicious code that could take control of the handsets and steal information. Mobile phone security firm LookOut said on March 7 the purpose of the "DroidDream" code was to "downl
Published 14 Mar, 2011 12:00am
Samsung targets Nokia Symbian developers

Samsung targets Nokia Symbian developers

Samsung Electronics is luring developers working on Nokia's Symbian platform to change sides as the Finnish company is to abandon this platform. Nokia, the world's largest handset maker, said last month it would replace Symbian with Microsoft's Windows Ph
Published 14 Mar, 2011 12:00am
LinkedIn launches social news product

LinkedIn launches social news product

LinkedIn, the Internet social network for professionals, launched a service on March 10 that creates a customised online newspaper from articles being shared by the network's more than 90 million members and by users of Twitter.
Published 14 Mar, 2011 12:00am
Opera seeks 100 million new users in China browser deal

Opera seeks 100 million new users in China browser deal

Norwegian firm Opera Softwar is launching a joint venture with Chinese group Telling Telecom it hopes will double the amount of users of its mobile web browsers by 2014. Chief executive Lars Boilesen on March 10 told Reuters in a telephone interview from
Published 14 Mar, 2011 12:00am
New TV & social media trend among the youth

New TV & social media trend among the youth

Young Britons have taken to a new television and social media trend, which could have far-reaching consequences for the worlds of broadcasting and advertising, according to a new study.
Published 14 Mar, 2011 12:00am
Pandemic flu still a threat, warn scientists

Pandemic flu still a threat, warn scientists

The H1N1 swine flu that swept the globe in 2009/10 could easily morph into a more transmissible form, while an older, mid-20th century virus could also come roaring back, scientists warned this week in separate studies. The so-called Asian influenza, a H2
Published 14 Mar, 2011 12:00am
Bipolar disorder vastly undertreated

Bipolar disorder vastly undertreated

Bipolar disorder, a brain disorder that strikes early and can cause lifelong disability, is chronically undertreated in many low-income countries, government researchers reported on March 07. Their survey of more than 61,000 patients suggests 2.4 percent
Published 14 Mar, 2011 12:00am
Pace of polar ice melt accelerating rapidly

Pace of polar ice melt accelerating rapidly

The pace at which the Greenland and Antarctic ice sheets are melting is "accelerating rapidly" and raising the global sea level, according to findings of a study financed by NASA and published on March 08.
Published 14 Mar, 2011 12:00am
Mediterranean diet improves heart risk factors

Mediterranean diet improves heart risk factors

Eating a Mediterranean diet may prevent or even reverse metabolic syndrome, a cluster of risk factors for heart disease and diabetes, according to a new study.
Published 14 Mar, 2011 12:00am
Curbing cholesterol may fight infections

Curbing cholesterol may fight infections

Lowering cholesterol levels could help the body's immune system fight infections, British scientists said on March 08. A study in mice by researchers at the University of Edinburgh found a direct link between the workings of the immune system and choleste
Published 14 Mar, 2011 12:00am
Tiny diamonds show promise against cancers

Tiny diamonds show promise against cancers

US researchers said on March 09 that they have found a way to attack late-stage breast and liver cancer tumours by attaching a potent chemotherapy drug to tiny carbon particles known as nanodiamonds.
Published 14 Mar, 2011 12:00am
SHAFI AHMAD SYED

SHAFI AHMAD SYED

The devastation wrought by floods plus other ingredients together have caused cotton prices to surge from Rs 1500 to Rs 2000, by all means extra-ordinary, which may restrict demand. The players are hopeful cotton growing countries will go for higher plant
Published 14 Mar, 2011 12:00am
SHAFI AHMAD SYED

SHAFI AHMAD SYED

The devastation wrought by floods plus other ingredients together have caused cotton prices to surge from Rs 1500 to Rs 2000, by all means extra-ordinary, which may restrict demand. The players are hopeful cotton growing countries will go for higher plant
Published 14 Mar, 2011 12:00am
President condoles

President condoles

President Asif Ali Zardari condoled with Muhammad Ali Shah Jamote, son of late Zulfiqar Ali Shah Jamote, a former senator and leader of Pakistan Muslim League Functional (PML-F), via telephone here on Sunday. Former PML-F senator Zulfiqar Jamote had died
Published 14 Mar, 2011 12:00am
Designing constitution: Nepal to seek Pakistan's help: Shreshta

Designing constitution: Nepal to seek Pakistan's help: Shreshta

Chief Justice of Nepal, Ram Prasad Shreshta has said that they will take help from the constitution of Pakistan in designing the same document for their homeland. He was talking to the media during his visit to the mausoleum of the founder of Pakistan Qua
Published 14 Mar, 2011 12:00am
'Objections regarding HCCI memberships removed'

'Objections regarding HCCI memberships removed'

Vice President, Hyderabad Chamber of Commerce & Industry, Ziauddin has said that all objections and allegations of the Businessmen Panel regarding renewal of the chamber's memberships have been rejected. Talking to Business Recorder, here on Sunday, he sa
Published 14 Mar, 2011 12:00am
SU conducts pre-entry test

SU conducts pre-entry test

The University of Sindh conducted pre-entry test for admissions to M.Phil in Business Administration, Microbiology, Physiology and Pharmacology disciplines, here on Sunday. The test was conducted by Sindh University Testing Centre at the varsity's Senate
Published 14 Mar, 2011 12:00am
Gas pipeline blown up in Naseerabad

Gas pipeline blown up in Naseerabad

Unknown men on Sunday blew up 12-inch diameter pipeline in the Rabih canal area of Naseerabad district, Levis Force said on Sunday. Levis official told that unidentified men had strapped explosives to the pipeline supplying natural gas to Quetta from Shik
Published 14 Mar, 2011 12:00am
PJBF's role commended by Japanese envoy

PJBF's role commended by Japanese envoy

The Pakistan-Japan Business Forum (PJBF) is playing a significant role in promotion of bilateral trade and investment and in spearheading a joint dialogue between the businessmen and government of both Japan and Pakistan.
Published 14 Mar, 2011 12:00am
Youth kills father over property dispute

Youth kills father over property dispute

A youth shot dead his father over a property dispute at Bhagatpura, Shadbagh, here on Sunday. Police said that Muhammad Sarwar had expelled his son Shahbaz from the house over a property dispute some months ago. On Sunday, Shahbaz allegedly entered the ho
Published 14 Mar, 2011 12:00am
Mirza vows to root out criminal activities in Lyari

Mirza vows to root out criminal activities in Lyari

All efforts have been made by the provincial government to improve law and order situation in Lyari Town, the bastion of Peoples' Party, said Sindh Home Minister Zulfiqar Mirza.
Published 14 Mar, 2011 12:00am
India arrests seven Pakistani fishermen

India arrests seven Pakistani fishermen

Indian Coast Guards have arrested seven Pakistani fishermen, and seized their boat near Jhakhau area in the Arabian sea on the west coast of Kutch district, officials said on Sunday. The boat was spotted and intercepted on Saturday evening when the Coast
Published 14 Mar, 2011 12:00am
Naveed appreciates Shujaat for his unconditional support to PPP

Naveed appreciates Shujaat for his unconditional support to PPP

Pakistan Peoples Party (PPP) leader Naveed Chaudhry on Sunday appreciated the unconditional support of PML (Q) chief Chaudhry Shujaat Hussain to PPP government and hoped that such goodwill gestures will help stabilise democracy as well as the government.
Published 14 Mar, 2011 12:00am
Meeting with Zardari aimed at strengthening democracy: Shujaat

Meeting with Zardari aimed at strengthening democracy: Shujaat

Pakistan Muslim League-Q (PML-Q) leaders Chaudhry Shujaat Hussain and Chaudhry Pervaiz Elahi say that President Asif Ali Zardari had a dinner meeting with PML-Q leadership on Saturday at Presidency 'for greater good of the nation.'
Published 14 Mar, 2011 12:00am
SIUT volunteers organise spring festival

SIUT volunteers organise spring festival

SIUT volunteers have organised a spring festival taking place all day at the PAF museum (Sharah-e-Faisal) on Sunday. Over 2400 students have participated in volunteer training and work with Dr Adib Rizvi and his team at SIUT, some of them logging over 100
Published 14 Mar, 2011 12:00am
Mounting domestic debt

Mounting domestic debt

In a country experiencing high fiscal deficit, domestic debt from various sources generally moves upwards and Pakistan's case is no exception to this rule. According to the information revealed by the State Bank on 8th March 2011, the stock of domestic de
Published 14 Mar, 2011 12:00am
Relentless terror

Relentless terror

While the nation had barely recovered from the shock of Tuesday's car bombing in Faisalabad which left 25 people dead and more than 125 injured, terrorists struck again on Wednesday - this time in Andezai village near Peshawar. A suicide bomber carrying h
Published 14 Mar, 2011 12:00am
Politics of economics

Politics of economics

Politics has clearly taken precedence over economics. This must be a source of serious concern for the country's 177 million people resident in this country, who have no foreign bank accounts, do not have dual citizenship, cannot easily procure visas for
Published 14 Mar, 2011 12:00am
Strategic compensation and executive pay

Strategic compensation and executive pay

In recent days, two items on the subject of executive pay have been in the news nationally, but for opposite reasons. A television programme targeted and criticised the benefits paid to executives at the National Bank of Pakistan, while UBL made public it
Published 14 Mar, 2011 12:00am
Democratising Tunisia: freedom and freedom's pitfalls

Democratising Tunisia: freedom and freedom's pitfalls

Karim Kouki is so angry he's shaking. "Nothing will ever change," the 32-year-old jobless teacher shouts and then resumes chanting, together with a group of demonstrators outside Tunisia's education ministry: "We want jobs." Since the ouster two months ag
Published 14 Mar, 2011 12:00am
Karachi's woes

Karachi's woes

It seems Karachiites are destined to suffer horrors just for living in Karachi. What with the un-remitting targeted killings, galloping inflation, inefficient and corrupt administration, frequent strikes and stoppages of work and city transport, senseless
Published 14 Mar, 2011 12:00am
AIOU - Students Friendly University

AIOU - Students Friendly University

Universities are responsible for developing and disseminating knowledge by conducting scientific research. The AIOU Faculty is fully equipped to take the post-modern knowledge to the door step of the people of Pakistan through the use of Hi Tech and high
Published 14 Mar, 2011 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (March 7 to 12, 2011)

Published 14 Mar, 2011 12:00am
The Weather

The Weather

The weather report on Sunday (March 13, 2011) and the forecast for Monday (March 14, 2011).

Published 14 Mar, 2011 12:00am
Qaboos grants parliament legislative powers

Qaboos grants parliament legislative powers

Sultan Qaboos granted legislative power Sunday to the previously toothless Oman Council, or parliament, in his latest action to appease rare protests that flared up last month. "We grant the Oman Council legislative and regulatory powers," said a royal de
Published 14 Mar, 2011 12:00am
Qaboos grants parliament legislative powers

Qaboos grants parliament legislative powers

Sultan Qaboos granted legislative power Sunday to the previously toothless Oman Council, or parliament, in his latest action to appease rare protests that flared up last month. "We grant the Oman Council legislative and regulatory powers," said a royal de
Published 14 Mar, 2011 12:00am
India named world's largest arms importer

India named world's largest arms importer

In its race to join the club of international powers, India has reached another milestone _ it's now the world's largest weapons importer. A Swedish think tank that monitors global arms sales said Monday that India's weapons imports had overtaken China's,
Published 14 Mar, 2011 12:00am
India named world's largest arms importer

India named world's largest arms importer

In its race to join the club of international powers, India has reached another milestone _ it's now the world's largest weapons importer. A Swedish think tank that monitors global arms sales said Monday that India's weapons imports had overtaken China's,
Published 14 Mar, 2011 12:00am
THE RUPEE: bears dominated market

THE RUPEE: bears dominated market

Bears dominated the money market, as the rupee fell slightly versus the dollar during the week, ended on March 13, 2011. On the inter-bank market, rupee shed five-paisa in relation to the dollar for buying and selling at Rs85.45 and Rs85.50.
Published 14 Mar, 2011 12:00am
THE RUPEE: bears dominated market

THE RUPEE: bears dominated market

Bears dominated the money market, as the rupee fell slightly versus the dollar during the week, ended on March 13, 2011. On the inter-bank market, rupee shed five-paisa in relation to the dollar for buying and selling at Rs85.45 and Rs85.50.
Published 14 Mar, 2011 12:00am
President phones Nawaz

President phones Nawaz

President Asif Ali Zardari on Sunday telephoned Mian Nawaz Sharif in London and enquired about the health of his wife. The President prayed for early and full recovery of the wife of Mian Nawaz Sharif. The PML-N chief thanked the President for his gesture
Published 14 Mar, 2011 12:00am
President phones Nawaz

President phones Nawaz

President Asif Ali Zardari on Sunday telephoned Mian Nawaz Sharif in London and enquired about the health of his wife. The President prayed for early and full recovery of the wife of Mian Nawaz Sharif. The PML-N chief thanked the President for his gesture
Published 14 Mar, 2011 12:00am
Zardari's policies threat to democratic system: Nisar

Zardari's policies threat to democratic system: Nisar

The controversy over the appointment of National Accountability Bureau (NAB) chairman took a new turn on Sunday when Leader of the Opposition in National Assembly questioned the consultation process adopted by the government and termed policies being purs
Published 14 Mar, 2011 12:00am
Zardari's policies threat to democratic system: Nisar

Zardari's policies threat to democratic system: Nisar

The controversy over the appointment of National Accountability Bureau (NAB) chairman took a new turn on Sunday when Leader of the Opposition in National Assembly questioned the consultation process adopted by the government and termed policies being purs
Published 14 Mar, 2011 12:00am
Aftab to take over as Soneri Bank President

Aftab to take over as Soneri Bank President

Mohammad Aftab Manzoor is expected to replace Atif Bajwa as President Soneri Bank Ltd., it is reliably learnt. Bajwa will be moving to Abu Dhabi Group of UAE. Mohammad Aftab Manzoor is a career banker having 28 years of experience in banking and proven tr
Published 14 Mar, 2011 12:00am
Aftab to take over as Soneri Bank President

Aftab to take over as Soneri Bank President

Mohammad Aftab Manzoor is expected to replace Atif Bajwa as President Soneri Bank Ltd., it is reliably learnt. Bajwa will be moving to Abu Dhabi Group of UAE. Mohammad Aftab Manzoor is a career banker having 28 years of experience in banking and proven tr
Published 14 Mar, 2011 12:00am
Aftab to take over as Soneri Bank President

Aftab to take over as Soneri Bank President

Mohammad Aftab Manzoor is expected to replace Atif Bajwa as President Soneri Bank Ltd., it is reliably learnt. Bajwa will be moving to Abu Dhabi Group of UAE. Mohammad Aftab Manzoor is a career banker having 28 years of experience in banking and proven tr
Published 14 Mar, 2011 12:00am
Date for filing tax returns not yet announced

Date for filing tax returns not yet announced

The taxpayers, who are interested in filing the income tax returns for Tax Year 2011, cannot file the same, as the Federal Board of Revenue (FBR) has not yet notified the date of return for the Tax Year 2011. Sources told Business Recorder here on
Published 14 Mar, 2011 12:00am
Date for filing tax returns not yet announced

Date for filing tax returns not yet announced

The taxpayers, who are interested in filing the income tax returns for Tax Year 2011, cannot file the same, as the Federal Board of Revenue (FBR) has not yet notified the date of return for the Tax Year 2011. Sources told Business Recorder here on
Published 14 Mar, 2011 12:00am
Date for filing tax returns not yet announced

Date for filing tax returns not yet announced

The taxpayers, who are interested in filing the income tax returns for Tax Year 2011, cannot file the same, as the Federal Board of Revenue (FBR) has not yet notified the date of return for the Tax Year 2011. Sources told Business Recorder here on
Published 14 Mar, 2011 12:00am
Bajwa to join ADG

Bajwa to join ADG

The President Soneri Bank Limited Atif Bajwa has reportedly decided to accept the offer from Shaikh Mubarak Al-Nahayan of Abu Dhabi Group to be a Group Head within the ADG, it is reliably learnt. The decision to base Bajwa in UAE or Pakistan is yet to be
Published 14 Mar, 2011 12:00am
Bajwa to join ADG

Bajwa to join ADG

The President Soneri Bank Limited Atif Bajwa has reportedly decided to accept the offer from Shaikh Mubarak Al-Nahayan of Abu Dhabi Group to be a Group Head within the ADG, it is reliably learnt. The decision to base Bajwa in UAE or Pakistan is yet to be
Published 14 Mar, 2011 12:00am
Bajwa to join ADG

Bajwa to join ADG

The President Soneri Bank Limited Atif Bajwa has reportedly decided to accept the offer from Shaikh Mubarak Al-Nahayan of Abu Dhabi Group to be a Group Head within the ADG, it is reliably learnt. The decision to base Bajwa in UAE or Pakistan is yet to be
Published 14 Mar, 2011 12:00am
Tsunami may have killed 10,000: Japan tries to avert nuclear meltdown

Tsunami may have killed 10,000: Japan tries to avert nuclear meltdown

Japan battled a feared meltdown of two reactors at a quake-hit nuclear plant Sunday, as the full horror began emerging of the disaster on the ravaged north-east coast where more than 10,000 were feared dead. An explosion at the ageing Fukushima No. 1 atom
Published 14 Mar, 2011 12:00am
Tsunami may have killed 10,000: Japan tries to avert nuclear meltdown

Tsunami may have killed 10,000: Japan tries to avert nuclear meltdown

Japan battled a feared meltdown of two reactors at a quake-hit nuclear plant Sunday, as the full horror began emerging of the disaster on the ravaged north-east coast where more than 10,000 were feared dead. An explosion at the ageing Fukushima No. 1 atom
Published 14 Mar, 2011 12:00am
Insured losses could hit $35 billion

Insured losses could hit $35 billion

Last week's earthquake in Japan could lead to insured losses of nearly $35 billion, risk modelling company AIR World-wide said, making it one of the most expensive catastrophes in history. That figure is nearly as much as the entire world-wide cata stroph
Published 14 Mar, 2011 12:00am
Insured losses could hit $35 billion

Insured losses could hit $35 billion

Last week's earthquake in Japan could lead to insured losses of nearly $35 billion, risk modelling company AIR World-wide said, making it one of the most expensive catastrophes in history. That figure is nearly as much as the entire world-wide cata stroph
Published 14 Mar, 2011 12:00am
Insured losses could hit $35 billion

Insured losses could hit $35 billion

Last week''s earthquake in Japan could lead to insured losses of nearly $35 billion, risk modelling company AIR World-wide said, making it one of the most expensive catastrophes in history. That figure is nearly as much as the entire world-wide cata strop
Published 14 Mar, 2011 12:00am
Sindh refuses to pay wellhead price for Sara West field

Sindh refuses to pay wellhead price for Sara West field

Oil and Gas Development Company Limited (OGDCL)'s three-member committee is considering a proposal to develop Sara West, Reti/Maru fields and Qadirpur Permeate gas estimated to generate around $18 million revenue per annum as the Sindh government has repo
Published 14 Mar, 2011 12:00am
Sindh refuses to pay wellhead price for Sara West field

Sindh refuses to pay wellhead price for Sara West field

Oil and Gas Development Company Limited (OGDCL)'s three-member committee is considering a proposal to develop Sara West, Reti/Maru fields and Qadirpur Permeate gas estimated to generate around $18 million revenue per annum as the Sindh government has repo
Published 14 Mar, 2011 12:00am
Sindh refuses to pay wellhead price for Sara West field

Sindh refuses to pay wellhead price for Sara West field

Oil and Gas Development Company Limited (OGDCL)''s three-member committee is considering a proposal to develop Sara West, Reti/Maru fields and Qadirpur Permeate gas estimated to generate around $18 million revenue per annum as the Sindh government has rep
Published 14 Mar, 2011 12:00am
Kiwis and Aussies reach quarters

Kiwis and Aussies reach quarters

Defending champions Australia and New Zealand eased into the World Cup quarter-finals on Sunday. Australia extended their unbeaten World Cup record to 33 matches with a 60-run run win over Kenya, while the Black Caps pulled off a 97-run victory over the C
Published 14 Mar, 2011 12:00am
Kiwis and Aussies reach quarters

Kiwis and Aussies reach quarters

Defending champions Australia and New Zealand eased into the World Cup quarter-finals on Sunday. Australia extended their unbeaten World Cup record to 33 matches with a 60-run run win over Kenya, while the Black Caps pulled off a 97-run victory over the C
Published 14 Mar, 2011 12:00am
Dull trading activities on KSE

Dull trading activities on KSE

Dull trading activities were witnessed at the Karachi share market during the week ended March 11, 2011 due to prevailing political uncertainty in the country and selling by foreign investors.
Published 14 Mar, 2011 12:00am
Dull trading activities on KSE

Dull trading activities on KSE

Dull trading activities were witnessed at the Karachi share market during the week ended March 11, 2011 due to prevailing political uncertainty in the country and selling by foreign investors.
Published 14 Mar, 2011 12:00am
Dull trading activities on KSE

Dull trading activities on KSE

Dull trading activities were witnessed at the Karachi share market during the week ended March 11, 2011 due to prevailing political uncertainty in the country and selling by foreign investors.
Published 14 Mar, 2011 12:00am
Militants kill 10 passengers in Hangu

Militants kill 10 passengers in Hangu

Militants opened fire on a passenger van in Hangu district on Sunday, killing at least 10 passengers and wounding seven others, police said. The incident took place in Hangu district, 150 kilometres south-west of Peshawar.
Published 14 Mar, 2011 12:00am
'Deposit reserves saved Latam from more pain'

'Deposit reserves saved Latam from more pain'

Latin America regulators spared their economies from further pain by forcing banks to save more cash ahead of the global financial crisis, a Bank for International Settlements study said.
Published 14 Mar, 2011 12:00am
US lawmakers mull nuclear moratorium after quake

US lawmakers mull nuclear moratorium after quake

The unfolding nuclear disaster in Japan at reactors damaged by a massive earthquake and subsequent tsunami has led some lawmakers to call for the United States to "put the brakes" on domestic nuclear development.
Published 14 Mar, 2011 12:00am
15 percent income tax surcharge through Ordinance may raise legal issues

15 percent income tax surcharge through Ordinance may raise legal issues

The promulgation of any Presidential Ordinance for the imposition of 15 per cent income tax surcharge may raise legal issues for applicability of the surcharge on the already closed and past transactions for Tax Year 2010, as the surcharge would have to c
Published 14 Mar, 2011 12:00am
15 percent income tax surcharge through Ordinance may raise legal issues

15 percent income tax surcharge through Ordinance may raise legal issues

The promulgation of any Presidential Ordinance for the imposition of 15 per cent income tax surcharge may raise legal issues for applicability of the surcharge on the already closed and past transactions for Tax Year 2010, as the surcharge would have to c
Published 14 Mar, 2011 12:00am
15 percent income tax surcharge through Ordinance may raise legal issues

15 percent income tax surcharge through Ordinance may raise legal issues

The promulgation of any Presidential Ordinance for the imposition of 15 per cent income tax surcharge may raise legal issues for applicability of the surcharge on the already closed and past transactions for Tax Year 2010, as the surcharge would have to c
Published 14 Mar, 2011 12:00am
MoC concerned over PRCL's financial affairs

MoC concerned over PRCL's financial affairs

Commerce Ministry is deeply concerned over the financial affairs of Pakistan Reinsurance Company Limited (PRCL) whose share value has nose-dived to Rs 15 from Rs 800 per share, well-informed sources told Business Recorder.
Published 14 Mar, 2011 12:00am
MoC concerned over PRCL's financial affairs

MoC concerned over PRCL's financial affairs

Commerce Ministry is deeply concerned over the financial affairs of Pakistan Reinsurance Company Limited (PRCL) whose share value has nose-dived to Rs 15 from Rs 800 per share, well-informed sources told Business Recorder.
Published 14 Mar, 2011 12:00am
MoC concerned over PRCL''s financial affairs

MoC concerned over PRCL''s financial affairs

Commerce Ministry is deeply concerned over the financial affairs of Pakistan Reinsurance Company Limited (PRCL) whose share value has nose-dived to Rs 15 from Rs 800 per share, well-informed sources told Business Recorder.
Published 14 Mar, 2011 12:00am
Malik meets Altaf

Malik meets Altaf

Federal Minister for Interior Rehman Malik on Sunday held a meeting with Muttahida Qaumi Movement (MQM) chief, Altaf Hussain in London and discussed PPP's measures to appease anger of its partner, a private TV channel reported.
Published 14 Mar, 2011 12:00am
Malik meets Altaf

Malik meets Altaf

Federal Minister for Interior Rehman Malik on Sunday held a meeting with Muttahida Qaumi Movement (MQM) chief, Altaf Hussain in London and discussed PPP's measures to appease anger of its partner, a private TV channel reported.
Published 14 Mar, 2011 12:00am
Pakistani reporter held by Sri Lankan authorities

Pakistani reporter held by Sri Lankan authorities

Sri Lankan immigration authorities detained a Pakistani journalist with the same name as the man who staged an abortive car bomb attack in New York's Times Square last year, officials said Sunday. Faisal Shahzad, an Islamabad-based reporter, was allowed t
Published 14 Mar, 2011 12:00am
Pakistani reporter held by Sri Lankan authorities

Pakistani reporter held by Sri Lankan authorities

Sri Lankan immigration authorities detained a Pakistani journalist with the same name as the man who staged an abortive car bomb attack in New York's Times Square last year, officials said Sunday. Faisal Shahzad, an Islamabad-based reporter, was allowed t
Published 14 Mar, 2011 12:00am
CCP chief wants financial autonomy

CCP chief wants financial autonomy

In an exclusive interview, Chairman Competition Commission of Pakistan (CCP), Ms Rahat Kaunain Hassan tells the Business Recorder team comprising newspaper's Islamabad Resident Editor Anjum Ibrahim and staff reporters Sohail Sarfraz and Wasim Iqbal
Published 14 Mar, 2011 12:00am
CCP chief wants financial autonomy

CCP chief wants financial autonomy

In an exclusive interview, Chairman Competition Commission of Pakistan (CCP), Ms Rahat Kaunain Hassan tells the Business Recorder team comprising newspaper's Islamabad Resident Editor Anjum Ibrahim and staff reporters Sohail Sarfraz and Wasim Iqbal
Published 14 Mar, 2011 12:00am
CCP chief wants financial autonomy

CCP chief wants financial autonomy

In an exclusive interview, Chairman Competition Commission of Pakistan (CCP), Ms Rahat Kaunain Hassan tells the Business Recorder team comprising newspaper''s Islamabad Resident Editor Anjum Ibrahim and staff reporters Sohail Sarfraz and Wasim Iqba
Published 14 Mar, 2011 12:00am
MONEY WEEK: shaky economic recovery

MONEY WEEK: shaky economic recovery

For the first time in seven months, inflation fell below 13 percent last month; trade deficit is on a continuous narrowing path on account of the export bonanza led by high cotton and rice prices; while overseas Pakistani remittances are consistently grow
Published 14 Mar, 2011 12:00am
MONEY WEEK: shaky economic recovery

MONEY WEEK: shaky economic recovery

For the first time in seven months, inflation fell below 13 percent last month; trade deficit is on a continuous narrowing path on account of the export bonanza led by high cotton and rice prices; while overseas Pakistani remittances are consistently grow
Published 14 Mar, 2011 12:00am
MONEY WEEK: shaky economic recovery

MONEY WEEK: shaky economic recovery

For the first time in seven months, inflation fell below 13 percent last month; trade deficit is on a continuous narrowing path on account of the export bonanza led by high cotton and rice prices; while overseas Pakistani remittances are consistently grow
Published 14 Mar, 2011 12:00am
Crowley quits after slam of Pentagon

Crowley quits after slam of Pentagon

State Department spokesman Philip Crowley resigned Sunday after slamming the Pentagon's treatment of a US solider suspected of leaking thousands of diplomatic cables and military documents to WikiLeaks as "counter-productive."
Published 14 Mar, 2011 12:00am
Crowley quits after slam of Pentagon

Crowley quits after slam of Pentagon

State Department spokesman Philip Crowley resigned Sunday after slamming the Pentagon's treatment of a US solider suspected of leaking thousands of diplomatic cables and military documents to WikiLeaks as "counter-productive."
Published 14 Mar, 2011 12:00am
PFMA demands doubling of wheat quota

PFMA demands doubling of wheat quota

Pakistan Flour Mills Association (PFMA), Khyber Pakhtunkhwa has demanded of the government for increasing wheat procurement quota from 0.4 million to 0.8 million tons for coming season to fulfil the need of the province.
Published 14 Mar, 2011 12:00am
Former American envoy terms Pakistan 'lifeline'

Former American envoy terms Pakistan 'lifeline'

A former American Ambassador to Pakistan has underscored the importance of the South Asian country for the United States amid strains in Islamabad-Washington relations over the Raymond David affair that have led to calls for the cut-off of US aid.
Published 14 Mar, 2011 12:00am
DOW Jones SAFE Indexes reviewed, says SAFE SG

DOW Jones SAFE Indexes reviewed, says SAFE SG

Dow Jones Indexes, the leading global index provider, has completed the re-composition of the South Asian Federation of Exchanges (SAFE) family of Dow Jones Indexes following the regular annual review of the index for year.
Published 14 Mar, 2011 12:00am
PMA announces a complete strike on March 17

PMA announces a complete strike on March 17

Pakistan Medical Association (PMA) has announced a complete strike on March 17 and suspended all indoor and outdoor services in hospitals across Punjab. Addressing a press conference, PMA President, Shahid Rao, and General Secretary Kashif Chishti said th
Published 14 Mar, 2011 12:00am
'Top priority to provision of healthcare facilities'

'Top priority to provision of healthcare facilities'

Punjab Labour Minister Syed Ehsaan-ud-Din Qureshi has said that government is giving top priority to the provision of modern healthcare facilities to all segments of the society specially the labourers.
Published 14 Mar, 2011 12:00am
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