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Archive - 2011-03-15
Silkbank re-launches visa debit card
Top News

Silkbank re-launches visa debit card

KARACHI: Silkbank has re-launched its new visa debit card with an attractive and vibrant design offering a lifestyle of
Published 15 Mar, 2011 02:22pm
French annual inflation rate ebbs in Feb
Top News

French annual inflation rate ebbs in Feb

PARIS: France's inflation rate eased slightly in February, when cheaper clothes partly offset surging energy costs, data
Published 15 Mar, 2011 01:59pm
Kazmi arrested in Hajj scandal case
Top News

Kazmi arrested in Hajj scandal case

RAWALPINDI: Former Federal Minister for Religious Affairs Hamid Saeed Kazmi was arrested by the Federal Investigation Ag
Published 15 Mar, 2011 10:41am
Quake-hit Tokai Daini reactor cools down
Top News

Quake-hit Tokai Daini reactor cools down

TOKYO: Japan Atomic Power Company said on Tuesday that the sole 1,100 megawatt unit its Tokai Daini nuclear plant, locat
Published 15 Mar, 2011 10:26am
Another 115 Pakistanis return from Japan
Top News

Another 115 Pakistanis return from Japan

ISLAMABAD: A Pakistan International Airlines' flight on Tuesday brought another batch of 115 Pakistanis from Japan, afte
Published 15 Mar, 2011 09:22am
Tradable banking heads
BR Research

Tradable banking heads

Gone is the decade that saw the overseas Pakistani professionals return to their homeland - at least in the financial industry. Now, the sho
Published 15 Mar, 2011 12:00am
Tourism on the decline
BR Research

Tourism on the decline

Pakistan lies 14th on the list of Travel & Tourism Competitiveness Index, unfortunately, from the bottom. To make it sound even worse, Pakis
Published 15 Mar, 2011 12:00am
In stats we trust
BR Research

In stats we trust

We are not BBA students that we should be told about the elementary level definitions, calculation and importance of basic economic statisti
Published 15 Mar, 2011 12:00am
Quake ravaged Japan battles against nuclear meltdown

Quake ravaged Japan battles against nuclear meltdown

Japanese engineers raced to prevent a meltdown at a stricken nuclear plant on Tuesday, as rescuers scrambled to help millions left without food, water or heating by a devastating earthquake and tsunami. A second explosion rocked the Fukushima nuclear comp
Published 15 Mar, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 15 Mar, 2011 12:00am
UK never told Pakistan to avoid torture: Musharraf

UK never told Pakistan to avoid torture: Musharraf

Former president Pervez Musharraf has claimed that Britain never clearly demanded that British citizens not be tortured by his country's security services, in comments released Monday. As Britain prepares to open an inquiry into claims that its agents wer
Published 15 Mar, 2011 12:00am
UK never told Pakistan to avoid torture: Musharraf

UK never told Pakistan to avoid torture: Musharraf

Former president Pervez Musharraf has claimed that Britain never clearly demanded that British citizens not be tortured by his country's security services, in comments released Monday. As Britain prepares to open an inquiry into claims that its agents wer
Published 15 Mar, 2011 12:00am
'Government taking ad hoc approach toward economy'

'Government taking ad hoc approach toward economy'

Private Sector Development Task Force (PSDTF) of Planning Commission has observed that the government continues to follow an ad hoc approach toward reforming the economy - sometimes taking one step forward, followed by two steps backwards.
Published 15 Mar, 2011 12:00am
The Weather

The Weather

The weather report on Monday (March 14, 2011) and the forecast for Tuesday (March 15, 2011).

Published 15 Mar, 2011 12:00am
'Government taking ad hoc approach toward economy'

'Government taking ad hoc approach toward economy'

Private Sector Development Task Force (PSDTF) of Planning Commission has observed that the government continues to follow an ad hoc approach toward reforming the economy - sometimes taking one step forward, followed by two steps backwards.
Published 15 Mar, 2011 12:00am
''Government taking ad hoc approach toward economy''

''Government taking ad hoc approach toward economy''

Private Sector Development Task Force (PSDTF) of Planning Commission has observed that the government continues to follow an ad hoc approach toward reforming the economy - sometimes taking one step forward, followed by two steps backwards.
Published 15 Mar, 2011 12:00am
US missile strike kills four

US missile strike kills four

An American missile killed two Arab militants and two local fighters as they travelled in a vehicle close to the Afghan border on Monday, the fourth such attack in the space of 24 hours in the region, Pakistani intelligence officials said. The vehicle was
Published 15 Mar, 2011 12:00am
US missile strike kills four

US missile strike kills four

An American missile killed two Arab militants and two local fighters as they travelled in a vehicle close to the Afghan border on Monday, the fourth such attack in the space of 24 hours in the region, Pakistani intelligence officials said. The vehicle was
Published 15 Mar, 2011 12:00am
Malik again succeeds in wooing MQM

Malik again succeeds in wooing MQM

All issues between Pakistan People's Party and Muttahida Qaumi Movement seem to have been resolved, a private TV channel reported. President Asif Ali Zardari and Sindh Governor Dr Ishrat-ul-Ibad held a meeting late Monday to discuss the issues between the
Published 15 Mar, 2011 12:00am
Malik again succeeds in wooing MQM

Malik again succeeds in wooing MQM

All issues between Pakistan People's Party and Muttahida Qaumi Movement seem to have been resolved, a private TV channel reported. President Asif Ali Zardari and Sindh Governor Dr Ishrat-ul-Ibad held a meeting late Monday to discuss the issues between the
Published 15 Mar, 2011 12:00am
Stray bullet injures journalist in Punjab Assembly premises

Stray bullet injures journalist in Punjab Assembly premises

A mysterious bullet apparently targeted at the Punjab Assembly on Monday injured a cameraman of a private channel and after a protest by journalists the House was prematurely adjourned without taking up the business of the day.
Published 15 Mar, 2011 12:00am
Pakistan Day celebrations begin in the country

Pakistan Day celebrations begin in the country

23rd March is the Pakistan Day, people have started celebration of this historic day when leaders of Muslims of the subcontinent met in Lahore to chalk out their strategy for resolutely fighting the fiercest war of independence on which depended future of
Published 15 Mar, 2011 12:00am
ANP miserably fails to deliver on its mandate: Hoti

ANP miserably fails to deliver on its mandate: Hoti

Corruption, poor law and order situation, failure to deliver to the masses coupled with increasing unemployment has dented the popularity of the Awami National Party (ANP).
Published 15 Mar, 2011 12:00am
Chicken meat prices fall by Rs 30 per kg

Chicken meat prices fall by Rs 30 per kg

Chicken meat prices fell by Rs 30 per Kg in a day after surplus supply and less demand of the poultry products in the metropolis here on Monday. Chicken meat was sold at Rs 155 to Rs 160 per kilogram in various parts of the sprawling city against yesterda
Published 15 Mar, 2011 12:00am
Export of wheat: comprehensive schedule chalked out

Export of wheat: comprehensive schedule chalked out

Punjab Minister for Food, Mines and Minerals Chaudhry Abdul Ghafoor Khan said that elements involved in the menace of adulteration and hoardings should be dealt with iron hands for curbing the crime of adulteration. He said that import and export policies
Published 15 Mar, 2011 12:00am
Release of workers: SICP threatens to stage sit-in

Release of workers: SICP threatens to stage sit-in

Sunni Ittehad Council of Pakistan (SICP) has threatened to stage sit-in in front of Chief Minister's house if their arrested workers were not released within 24 hours. In a joint press statement issued here on Monday, leaders of Sunni Ittehad Council Sahi
Published 15 Mar, 2011 12:00am
'Sugar can be made available to consumers at Rs 50/Kg'

'Sugar can be made available to consumers at Rs 50/Kg'

Chairman Agri Forum Pakistan Muhammad Ibrahim Mughal has claimed that sugar can be made available to consumers at around Rs 50 per kilograms provided the government asserts its writ. In a statement issued here on Monday, Mughal claimed that sugarcane in I
Published 15 Mar, 2011 12:00am
Wilful absenteeism: CJP imposes penalty of dismissal on PS

Wilful absenteeism: CJP imposes penalty of dismissal on PS

Chief Justice Iftikhar Muhammad Chaudhry has imposed major penalty of dismissal from service upon Ishtiaq Ahmad, Private Secretary (PS) (BPS-18) due to his wilful absence from duty during his period of deputation at Federal Tax Ombudsman Secretariat.
Published 15 Mar, 2011 12:00am
President for structural improvements in educational system

President for structural improvements in educational system

President Asif Ali Zardari on Monday called for structural improvements in the funding, management and oversight of educational institutions in Sindh to boost education both qualitatively and quantitatively in the province. He also called upon the Sindh g
Published 15 Mar, 2011 12:00am
Professor Iftekhar Ajmal passes away

Professor Iftekhar Ajmal passes away

A renowned scholar, literary critic, researcher and poet Professor Iftekhar Ajmal Shaheen passed away on March 13, 2011 (Saturday) due to acute dehydration. He was 70. He was a highly qualified person having two masters' degrees (Persian and Urdu). He was
Published 15 Mar, 2011 12:00am
Two suspected Taliban militants arrested

Two suspected Taliban militants arrested

The law enforcement agencies arrested two suspected Taliban militants from Islamabad and took them to some undisclosed location for investigation. Responding to information, the law enforcement agencies conducted a search operation in the jurisdiction of
Published 15 Mar, 2011 12:00am
PSDTF for greater autonomy to SBP

PSDTF for greater autonomy to SBP

Private Sector Development Task Force (PSDTF) of Planning Commission has recommended the government to grant greater autonomy to the State Bank of Pakistan (SBP) and encourage it to further strengthen its regulatory and supervisory functions.
Published 15 Mar, 2011 12:00am
Ambassador Masood gets World Peace Promotion Award

Ambassador Masood gets World Peace Promotion Award

Pakistan's Ambassador to China Masood Khan has been given an award for World Peace Promotion at a ceremony held here on Monday. He is one of the seven Beijing based envoys who received this award. The award was conferred by China's renowned Home and Abroa
Published 15 Mar, 2011 12:00am
ITP launches road safety awareness programme

ITP launches road safety awareness programme

Inspector General of Police (IGP) Islamabad Wajid Ali Durrani has said that road accident is the second biggest cause of casualties in the world, which needs attention to avoid life losses.
Published 15 Mar, 2011 12:00am
Islamabad Police nab 16 suspects

Islamabad Police nab 16 suspects

Islamabad Police nabbed 16 suspects during the ongoing search operation against anti-social elements in various areas and decided to expand its scope further to curb the menace once for all, said Naeem Iqbal, spokesman of Islamabad Police here on Monday.
Published 15 Mar, 2011 12:00am
FBR sets up CFS at Port Muhammad Bin Qasim

FBR sets up CFS at Port Muhammad Bin Qasim

The Federal Board of Revenue (FBR) has set up a Container Freight Station (CFS) at Port Muhammad Bin Qasim, Karachi for handling of containerised cargo to expedite clearance of imported consignments. In this regard, the FBR has issued SRO 194(I)/2011 here
Published 15 Mar, 2011 12:00am
Government urged to keep exchange rate at realistic level

Government urged to keep exchange rate at realistic level

Private Sector Development Task Force of the Planning Commission has urged the government to maintain a realistic exchange rate that put some breaks on domestic consumption while encouraging exports. Chairman of the task force, Shahid Javed Burki says the
Published 15 Mar, 2011 12:00am
QAU holds 'Books Expo 2011'

QAU holds 'Books Expo 2011'

A two-day "Books Expo 2011" was organised here on Monday aimed at reviving the declining reading culture in the academic institutions. The Expo was organised by History Department of Quaid-i-Azam University (QAU) and Dr Riazuddin Siddiqi Memorial (DRSM) L
Published 15 Mar, 2011 12:00am
Food, human insecurity breed extremism and terrorism: moot

Food, human insecurity breed extremism and terrorism: moot

Speakers at a consultative meeting underlined that food and human insecurity bread social injustice - the major reasons of extremism and terrorism, which are the worst form of human insecurity engulfing Pakistan.
Published 15 Mar, 2011 12:00am
Exports to Germany increased by 23 percent during 2010

Exports to Germany increased by 23 percent during 2010

Pakistan's exports to Germany increased by 23 per cent during 2010 with overall trade volume between the two countries, registering an increase of over 11 per cent. According to data issued by German Federal Bureau of Statistics, Pakistan's exports to Ger
Published 15 Mar, 2011 12:00am
Khyber Pakhtunkhwa observes Commonwealth Day

Khyber Pakhtunkhwa observes Commonwealth Day

Like other parts of the region, International Commonwealth Day 2011 was observed in Khyber Pakhtunkhwa province with main theme "women as agents of change" in the society. The event was organised by Pakistan Institute of Legislative Development and Transp
Published 15 Mar, 2011 12:00am
NDMA to send rescue team, equipment to Japan

NDMA to send rescue team, equipment to Japan

National Disaster Management Authority (NDMA) will send 70 members of Urban Search and Rescue Team to assist the quake-hit Japan. According to a statement issued here on Monday, NDMA would send 70 members of the team accompanied by a canine unit and field
Published 15 Mar, 2011 12:00am
Law, order is a provincial subject: Sherpao

Law, order is a provincial subject: Sherpao

Interior Ministry is not responsible for law and order and terrorism in the country as it is a co-ordinating body between police and other law enforcement agencies, said Aftab Ahmed Khan Sherpao, former interior minister here on Monday. "Law and order was
Published 15 Mar, 2011 12:00am
IG Police dissatisfied with law, order situation in Balochistan

IG Police dissatisfied with law, order situation in Balochistan

The law and order situation in the province can not be deemed as ideal, we have to face lots of challenges to combat the menace of terrorism and bring the situation under control. This was stated by Inspector General of Balochistan Police, Malik Mohammad
Published 15 Mar, 2011 12:00am
Prospects of trade exists between Pakistan and UK

Prospects of trade exists between Pakistan and UK

The existing US $1. 6 billion trade volume between Pakistan and United Kingdom has vast potential to grow further in the coming years. Robert W Gibson British Deputy High Commission to Pakistan said during a meeting with Syed Naveed Qamar Federal Minister
Published 15 Mar, 2011 12:00am
Reconstruction work at PIA office reviewed

Reconstruction work at PIA office reviewed

Secretary Defence, Lieutenant General Athar Ali (Retd) visited Pakistan International Airline booking office, Faisalabad, and inspected the progress of reconstruction work. He also offered Fateha for the airline's officials who lost their lives in the inc
Published 15 Mar, 2011 12:00am
Gilgit-Baltistan cabinet shuffling on the cards

Gilgit-Baltistan cabinet shuffling on the cards

The Chief Minister Gilgit-Baltistan (GB) Syed Mehdi Shah has said that a reshuffling of the cabinet was on the cards. Talking to media after the inauguration of tree plantation campaign the chief minister said reshuffling would be made to give right peopl
Published 15 Mar, 2011 12:00am
Award of contract for Northern Strip Project: SC reserves its judgement

Award of contract for Northern Strip Project: SC reserves its judgement

The Supreme Court on Monday reserved its verdict on the controversial issues pertaining to award of contract for Northern Strip Project - a new commercial area in Sector E-11, developed under the first public-private partnership involving Capital Developm
Published 15 Mar, 2011 12:00am
SECP registers 23 companies having foreign investment in February

SECP registers 23 companies having foreign investment in February

The Securities and Exchange Commission of Pakistan (SECP) registered 23 companies having foreign investment in February. In addition, one foreign company was also registered during the month. Out of the 23 companies, 6 have investment by foreign nationals
Published 15 Mar, 2011 12:00am
Another 'jiyala' joins disgruntled group

Another 'jiyala' joins disgruntled group

The recent spate of allegations against the ruling PPP took a new turn on Monday when one of its own disgruntled former member Dr Israr Shah said he was expelled for pointing out corruption charges against the Prime Minister and the Law Minister. The form
Published 15 Mar, 2011 12:00am
'PPP set to invoke Article 6 against Shahbaz'

'PPP set to invoke Article 6 against Shahbaz'

Pakistan People's Party (PPP) is all set to invoke Article 6 of the Constitution against Chief Minister Punjab Shahbaz Sharif for violating Constitution for accommodating defectors of PML-Q. Secretary Information PPP Punjab Dr Fakhruddin said the Chief Mi
Published 15 Mar, 2011 12:00am
LHC dismisses petition

LHC dismisses petition

The Lahore High Court Chief Justice, Ijaz Ahmad Chaudhry here Monday dismissed a petition challenging construction of a flyover bridge at Kalma Chowk, Ferozepur Road. Dismissing the petition, he asked the counsel, "As to why you are opposing the flyover.
Published 15 Mar, 2011 12:00am
Mango industry development: PBIT plans special programme

Mango industry development: PBIT plans special programme

The Chief Executive Officer Punjab Board of Investment & Trade (PBIT), Saadat Muzaffar and Director Agriculture, Dairy and Livestock PBIT, Arshad Hussain Hashmi on Monday visited Multan to meet the members of the Mango Growers Association Pakistan (MGAP)
Published 15 Mar, 2011 12:00am
Man self immolates after killing wife, 4 children

Man self immolates after killing wife, 4 children

A man burnt his wife and four children alive following by self-immolation over a domestic issue in Gharaywala village on Monday. Police said Shaukat Ali of Gharaywala quarrelled with his wife on a domestic issue. On which, he locked his wife and four chil
Published 15 Mar, 2011 12:00am
DG NAB Punjab's appointment: LHC to conduct hearing today

DG NAB Punjab's appointment: LHC to conduct hearing today

A division bench of Lahore High Court here Tuesday (today) will take up a petition challenging appointment of Director General National Accountability Bureau (NAB) Punjab, Rana Zahid Mehmood. On Monday, the bench taking up the petition had directed the pe
Published 15 Mar, 2011 12:00am
LHC approached against doctors' strike

LHC approached against doctors' strike

The Lahore High Court Chief Justice Monday sought reply from Punjab government in a petition seeking action against doctors for observing strike. A senior journalist Manzoor Qadir had filed the petition, submitting that the doctors are violating their cod
Published 15 Mar, 2011 12:00am
Fishing competition

Fishing competition

Over 450 fishing enthusiasts and skilled anglers gathered here at the Royal Palm Golf and Country Club lakes in connection with the annual fishing competition. For the skilled anglers it was a great occasion to share with friends and family the excitement
Published 15 Mar, 2011 12:00am
Prime Minister asked to come up with clear vision on Saraiki province

Prime Minister asked to come up with clear vision on Saraiki province

Mutahidda Mahaz Bahawalpur Chief Senator Mohammad Ali Durrani has urged Prime Minister Syed Yousuf Raza Gilani to come up with a clear vision on Saraiki province within next 48 hours, besides announcing the territorial boundaries of the Saraiki province.
Published 15 Mar, 2011 12:00am
GCU wins 117 oratory awards

GCU wins 117 oratory awards

Government College University Lahore has won as many as 117 oratory awards by beating top educational institutions of the country at the national debating events in first half of the academic year 2010-11 (six months). The GCU Debating Society on Monday h
Published 15 Mar, 2011 12:00am
Sindh Assembly meets today

Sindh Assembly meets today

Governor Sindh, Dr Ishratul Ibad Khan has summoned the provincial Assembly Sindh to meet today (Tuesday), at 10 am at the assembly building, according to a handout.
Published 15 Mar, 2011 12:00am
BISP a practical manifestation of wishes of BB: Farzana

BISP a practical manifestation of wishes of BB: Farzana

Chairperson Benazir Income Support Programme (BISP), Farzana Raja has said that BISP was a practical manifestation of the dreams and wishes of Shaheed Benazir Bhutto and its serving the poor masses of the country without any consideration of caste, creed
Published 15 Mar, 2011 12:00am
Custom valuation of paper, paperboard: DG issues ruling on determination

Custom valuation of paper, paperboard: DG issues ruling on determination

Director General Valuation has issued ruling on determination of custom valuation of paper and paperboard. The Director General initiated process of review of paper and paperboard prices keeping in view fluctuation of prices in international and local mar
Published 15 Mar, 2011 12:00am
IBM launches software, consulting services

IBM launches software, consulting services

IBM (NYSE:IBM), recently announced new software and the creation a new consulting practice dedicated to the emerging category of "Smarter Commerce," which is focused on helping companies swiftly adapt to rising customer demands in today's digitally transf
Published 15 Mar, 2011 12:00am
Duty drawback claims: PRGMEA voices concern at non-release of funds

Duty drawback claims: PRGMEA voices concern at non-release of funds

Mohammad Jawed Chinoy, Zonal Chairman, Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has expressed grave concerns that the textile sector is under heavy pressure of financial crunch, but this is being totally overlooked by gov
Published 15 Mar, 2011 12:00am
Faysal Asset Management Limited amongst 'Pakistan Fast Growth 25'

Faysal Asset Management Limited amongst 'Pakistan Fast Growth 25'

AllWorld Network recently announced winners of the Pakistan Fast Growth 25, a ranking of fast growth entrepreneurial companies. The Pakistan Fast Growth 25 is a program of AllWorld Network in partnership with Harvard Business School Professor Michael Port
Published 15 Mar, 2011 12:00am
Faysal Asset Management Limited amongst 'Pakistan Fast Growth 25'

Faysal Asset Management Limited amongst 'Pakistan Fast Growth 25'

AllWorld Network recently announced winners of the Pakistan Fast Growth 25, a ranking of fast growth entrepreneurial companies. The Pakistan Fast Growth 25 is a program of AllWorld Network in partnership with Harvard Business School Professor Michael Port
Published 15 Mar, 2011 12:00am
Another school blown up in Landi Kotal

Another school blown up in Landi Kotal

Unidentified miscreants blown up another Government Middle School with explosives in Zakha Khel area of Landi Kotl in the wee hours on Monday, said Political Administration. According to Political Administ-ration, miscreants planted explosive material in
Published 15 Mar, 2011 12:00am
PAC body takes notice of illegal appointment in PARC

PAC body takes notice of illegal appointment in PARC

Special committee of Public Accounts Committee (PAC) took notice of illegal appointments and promotions in Pakistan Agriculture Research Council (PARC) and directed the department to produce relevant record. The meeting of special committee was held with
Published 15 Mar, 2011 12:00am
SWWB distributes Rs 124.2 million of death grants to heirs

SWWB distributes Rs 124.2 million of death grants to heirs

The Sindh Workers Welfare Board (SWWB) has given Rs 124.200 million of death grants to heirs of expired workers during 2009, besides total Rs 117.289 million of scholarships to the workers' children during 2009-10, Sindh Labour Minister, Amir Nawab told S
Published 15 Mar, 2011 12:00am
'PML-Q will not join federal cabinet'

'PML-Q will not join federal cabinet'

Pakistan Muslim League-Quaid (PML-Q) would not become part of the federal cabinet but would consider supporting Pakistan People's Party (PPP) on certain issues.
Published 15 Mar, 2011 12:00am
Freight forwarding: Lahore hosts learning session of global value

Freight forwarding: Lahore hosts learning session of global value

A learning session of global value on freight forwarding sponsored jointly by United Nations Commission on Trade and Development (UNCTAD), Federation of International freight Forwarders Associations - Zurich (FIATA) and Pakistan International Freight Forw
Published 15 Mar, 2011 12:00am
Latest trends in the external sector

Latest trends in the external sector

Recent developments in the external sector of the country appear to be largely positive. Exports during the month of February, 2011 have surged by 42.07 percent to reach dollar 2.158 billion as against dollar 1.519 billion in the same month last year.
Published 15 Mar, 2011 12:00am
Grappling with pervasive corruption

Grappling with pervasive corruption

Speaking at a meeting with media persons in Karachi on Friday, Prime Minister Yousuf Raza Gilani opined that corruption has reduced during the last three years, primarily due to a proactive media, aggressive accountability by the National Assembly's Pubic
Published 15 Mar, 2011 12:00am
Defending democracy - a tough task

Defending democracy - a tough task

At a seminar in Quetta organised by the Human Rights Commission of Pakistan on Balochistan's current situation, Ms Asma Jahangir, president of the Supreme Court Bar Association, cautioned the Army that she would be the first to resist any extra-constituti
Published 15 Mar, 2011 12:00am
Ethnic tensions threaten stability of north Afghan town

Ethnic tensions threaten stability of north Afghan town

In the north of war-torn Afghanistan, the rule of the Kabul government holds little sway. But the city of Mazar-e-Sharif is still safer than most of the country. Residents of this booming town say its relative peace is largely due to the strong hand of Go
Published 15 Mar, 2011 12:00am
Clarification

Clarification

Reference is made to a news item carried by Business Recorder on March 14, 2011. The actual facts are as under:
Published 15 Mar, 2011 12:00am
Pakistan International Education Exhibition concludes

Pakistan International Education Exhibition concludes

Malaysian Consul General, Mohammad Khalid Abdul Razak declared 21st Pakistan International Education Exhibition a great success. He addressed at the closing of this two days event at Karachi Expo Centre where Ministry of Higher Education Malaysia brought
Published 15 Mar, 2011 12:00am
Two Nato containers set ablaze near Kalat

Two Nato containers set ablaze near Kalat

Unknown miscreants set ablaze two containers supplying goods to Nato forces in Afghanistan, near here on Monday morning. According to the local administration, unknown miscreants, who were on motorbike, set ablaze two containers that were parked at a hote
Published 15 Mar, 2011 12:00am
Karachi LTU witnesses eight percent direct tax growth

Karachi LTU witnesses eight percent direct tax growth

Large Taxpayers Unit (LTU), Karachi has witnessed 8 percent growth on account of direct tax during the ongoing fiscal period as compared to the last corresponding period. According to provincial statistics, the LTU Karachi has collected Rs 63.86 billion d
Published 15 Mar, 2011 12:00am
Land records to be computerised by CDGK

Land records to be computerised by CDGK

In order to curb land encroachment, the City District Government Karachi (CDGK) has planned to computerise land records, Business Recorder learnt here on Saturday. Syed Mushtaq Hussain Rizvi, Executive District Officer Information Technology Depart
Published 15 Mar, 2011 12:00am
SBP, IFC to hold SME Banking conference today

SBP, IFC to hold SME Banking conference today

The State Bank of Pakistan (SBP), in collaboration with the International Finance Corporation (IFC), is organising one-day conference on "SME Banking in Pakistan: Global/local trends and role of value-added services" in Karachi today (Tuesday).
Published 15 Mar, 2011 12:00am
Seminar on Muslim Women begins

Seminar on Muslim Women begins

A four day seminar on "Muslim Women: Through the lens of history, religion, law and society," organised by the Centre of Biomedical Ethics and Culture (CBEC), SIUT, began on Monday and will extend until Thursday. Speakers include national and internationa
Published 15 Mar, 2011 12:00am
BSEK to conduct first-ever mock papers on March 25

BSEK to conduct first-ever mock papers on March 25

'Board of Secondary Education Karachi (BSEK) will conduct Mock Papers for the secondary students for the first time in the board's history on March 25 in town-wise centres of the city', Anzar Hussain Zaidi, Chairman Board of Secondary Education Karachi ex
Published 15 Mar, 2011 12:00am
CNG buses' fares raised by 25 percent

CNG buses' fares raised by 25 percent

The City District Government Karachi (CDGK) has raised fares on CNG buses running under CDGK by 25 percent, while the prices on CNG remain unchanged. Sources told Business Recorder on Monday, that the CDGK has implemented an addition of Rs 3 on Rs
Published 15 Mar, 2011 12:00am
Saud promoted to CCPO, Karachi

Saud promoted to CCPO, Karachi

The federal government promoted the Additional Inspector General of CID Saud Mirza to Capital City Police Officer (CCPO), Karachi here on Monday. According to sources, the federal government has approved the summary in this regard and given go-ahead signa
Published 15 Mar, 2011 12:00am
PPMA team meets Dr Sagheer

PPMA team meets Dr Sagheer

PPMA delegation headed by its Chairman, M Haroon Qassim and Former Chairman Dr Kaiser Waheed along with Dr Khawar Mehid met Minister Health Sindh, Honourable Dr Sagheer Ahmed. The Sindh Health Ministry officials, Hashim Zaidi Secretary Health Sindh, Sures
Published 15 Mar, 2011 12:00am
Four wounded in Dera Bugti landmine blast

Four wounded in Dera Bugti landmine blast

At least four people were wounded in a landmine explosion in Dera Bugti during the wee hours of Monday morning officials said. The explosion took place in Toba Notkani area of the district when a group of people was on their way home from another village.
Published 15 Mar, 2011 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold prices rose on Monday, as a nuclear crisis in Japan and heightened political unrest across the Arab world triggered safe-haven buying. Platinum group metals fell more than 1 percent as demand expectations took a hit after Japan's devastating earthqua
Published 15 Mar, 2011 12:00am
US MIDDAY: copper flat

US MIDDAY: copper flat

Copper prices bounced from near three-month lows to end flat on Monday, but sentiment remained fragile amid concerns over the global economic impact from Japan's devastating earthquake and tsunami. Despite copper's ability to stabilise from the recent wav
Published 15 Mar, 2011 12:00am
US MIDDAY: corn, soya and wheat lower

US MIDDAY: corn, soya and wheat lower

Corn, soyabeans and wheat futures opened lower at the Chicago Board of Trade on Monday, with corn dropping for the seventh straight day, due to economic uncertainty following the massive earthquake in Japan, traders said. At 9:35 am CDT (1435 GMT), CBOT M
Published 15 Mar, 2011 12:00am
US MIDDAY: coffee and sugar lower

US MIDDAY: coffee and sugar lower

Coffee and sugar futures settled lower on Monday, weighed upon by broad-based losses in commodity markets as investors became more averse to risk in the aftermath of Japan's catastrophic earthquake and tsunami. May arabica coffee on ICE closed 1.10 cents
Published 15 Mar, 2011 12:00am
Gold rises in Europe

Gold rises in Europe

Gold prices rose in Europe on Monday, recovering some of last week's one percent losses, as the impact of an earthquake in Japan added to upward pressure on the metal, driving it back towards recent record highs. Gold was at $1,422.65 an ounce at 1504 GMT
Published 15 Mar, 2011 12:00am
Gold up in Asia

Gold up in Asia

Bullion rose as much as 1 percent on Monday as Japan battled to prevent a nuclear catastrophe after a massive earthquake and tsunami, sending premiums for gold bars to their highest level since February in Tokyo. A badly wounded nation has seen whole vill
Published 15 Mar, 2011 12:00am
Oil little changed

Oil little changed

Crude oil prices were little changed on Monday in volatile trading, as Middle East unrest and stronger distillate futures on expectations quake-ravaged Japan will import fuel to cover for refining shutdowns offset concerns for slowed economic activity.
Published 15 Mar, 2011 12:00am
Liffe coffee, sugar and cocoa fall

Liffe coffee, sugar and cocoa fall

Coffee and sugar futures fell on Monday, weighed upon by broad-based losses in commodity markets as investors became more averse to risk in the aftermath of Japan's catastrophic earthquake and tsunami. Cocoa futures on ICE joined the downward trend after
Published 15 Mar, 2011 12:00am
Tokyo rubber futures plunge

Tokyo rubber futures plunge

Rubber contracts on Tokyo Commodity Exchange plunged on Monday after a devastating earthquake struck Japan late last week, prompting the exchange to halt trading and widened the trading band. Fears that a sharp drop in physical prices could trigger a repe
Published 15 Mar, 2011 12:00am
US corn acres poised to surpass USDA outlook

US corn acres poised to surpass USDA outlook

US farmers are poised to plant more acres to corn than the government's latest outlook forecast given the profit potential of corn over soybeans and wheat, an executive with the largest US farmer co-operative said on Friday.
Published 15 Mar, 2011 12:00am
Copper steadies

Copper steadies

Copper steadied on Monday, but prices were undermined by the unfolding disaster in Japan and tensions in the Middle East, which eroded investor sentiment and prompted a flurry of selling. The metal used widely in power and construction gleaned support, ho
Published 15 Mar, 2011 12:00am
Shanghai copper lower

Shanghai copper lower

Copper prices edged down on Monday as the unfolding disaster in Japan continued to rattle financial markets, but the long-term demand prospects for industrial metals are expected to be lifted by reconstruction efforts after the quake. Shanghai's most acti
Published 15 Mar, 2011 12:00am
New York cotton ends daily limit down

New York cotton ends daily limit down

US cotton futures settled the daily limit down on Monday, falling for the fourth time in the past five sessions, as uncertainty related to Japan's nuclear crisis triggered a commodity sell-off. The key May cotton contract on ICE Futures US lost 7 cents to
Published 15 Mar, 2011 12:00am
Anxious Europe examines nuclear safety after Japan quake

Anxious Europe examines nuclear safety after Japan quake

Japan's nuclear emergency Monday prompted Germany and Switzerland to halt nuclear programmes as anxious Europe scrambled to review cross-border safety while safeguarding the power full industry. With some 150 reactors scattered across the continent in hal
Published 15 Mar, 2011 12:00am
Suicide blast kills 36 at Afghanistan army centre

Suicide blast kills 36 at Afghanistan army centre

A Taliban suicide blast hit an army recruitment centre in northern Afghanistan Monday, killing 36 people and wounding another 42 in the second attack on the base in three months. The deadly blast is the latest in a string of attacks on Afghan security for
Published 15 Mar, 2011 12:00am
Libya jets bomb rebels

Libya jets bomb rebels

Muammar Gaddafi's jets bombed Libyan rebels on Monday, aiding a counter-offensive that has pushed insurgents 100 miles (160 km) eastwards in a week, as France pressed for a no-fly zone "as fast as possible". Gaddafi's government, at first reeling from wid
Published 15 Mar, 2011 12:00am
Russia bans Qaddafi, family

Russia bans Qaddafi, family

President Dmitry Medvedev has barred Muammar Qaddafi and his family from Russia, the Kremlin said on Monday, in a move that brings Moscow closer in line with Western policy on the Libyan leader. The Kremlin said a decree on March 10 would also prohibit Qa
Published 15 Mar, 2011 12:00am
Turkey opposes Nato Libya intervention

Turkey opposes Nato Libya intervention

Turkey on Monday reiterated its opposition to Nato intervention in Libya, warning it would trigger dangerous consequences. "Military intervention by Nato in Libya or any other country would be totally counter-productive," the Anatolia news agency quoted P
Published 15 Mar, 2011 12:00am
Shujaat rings Altaf Hussain

Shujaat rings Altaf Hussain

The chief of Pakistan Muslim League-Q (PML-Q) Chaudhry Shujaat Hussain telephoned the chief of Mutahida Qaumi Movement (MQM) Altaf Hussain on Monday. Both leaders discussed prevailing political and economical situation of the country and exchanged views o
Published 15 Mar, 2011 12:00am
Iran's paramilitary launches cyber attack

Iran's paramilitary launches cyber attack

Iranian hackers working for the powerful Revolutionary Guard's paramilitary Basij group have launched attacks on websites of the "enemies," a state-owned newspaper reported Monday in a rare acknowledgement from Iran that it's involved in cyber warfare.
Published 15 Mar, 2011 12:00am
World Cup heaven arrives at Eden but fans staying away

World Cup heaven arrives at Eden but fans staying away

Eden Gardens, the most famous ground in India, will finally join the World Cup bandwagon on Tuesday but it will be with a snub from its famous fans as it hosts the Group B match between South Africa and Ireland. The biggest Indian ground was dropped by or
Published 15 Mar, 2011 12:00am
Pakistan in quarters, Bangladesh win

Pakistan in quarters, Bangladesh win

Pakistan sailed into the quarter-finals of the World Cup with a seven-wicket win over Zimbabwe in a rain-affected Group A match at Pallekele stadium on Monday. Pakistan, set a revised 162-run target in 38 overs under the Duckworth-Lewis formula, successfu
Published 15 Mar, 2011 12:00am
Pakistan in quarters, Bangladesh win

Pakistan in quarters, Bangladesh win

Pakistan sailed into the quarter-finals of the World Cup with a seven-wicket win over Zimbabwe in a rain-affected Group A match at Pallekele stadium on Monday. Pakistan, set a revised 162-run target in 38 overs under the Duckworth-Lewis formula, successfu
Published 15 Mar, 2011 12:00am
'Glow Kricket Tournament' starts

'Glow Kricket Tournament' starts

Warid Telecom today announced the launch of 'GLOW Kricket Tournament' starting from Tuesday (today). The announcement was made in a press conference held here on Monday. This tournament is one of the largest events of such magnitude in Pakistan in which o
Published 15 Mar, 2011 12:00am
Sultanabad Bulls win NIT Inter Rover Cricket Trophy

Sultanabad Bulls win NIT Inter Rover Cricket Trophy

NIT Inter Rover Cricket Tournament concluded with Sultanabad Bulls recorded an outstanding victory in the final, says a press releases issued here on Monday. The final of NIT Inter Rover Cricket was played at the Aga Khan School Cricket Ground.
Published 15 Mar, 2011 12:00am
Bangladesh outclass Dutch, stay in contention for quarters

Bangladesh outclass Dutch, stay in contention for quarters

Bangladesh packed their side with left-handers to whip lethargic Netherlands by six wickets on Monday and stay in contention for the World Cup quarter-finals. The Dutch were shot out for 160 in 46.2 overs after electing to take first strike on the slow wi
Published 15 Mar, 2011 12:00am
Raiders Football Cup: Walton Club reach pre-quarter finals

Raiders Football Cup: Walton Club reach pre-quarter finals

Walton Football Club got rid of Nasir Shaheed Football Club in the tiebreak session 2-1 and entered pre-quarter finals of All Punjab Raiders Football Cup 2011 at Raiders Football Club Ground, Faisal Town. Walton Football Club joined Shaheen Wahdat, Bata F
Published 15 Mar, 2011 12:00am
Aussie and New Zealand dollar retreat

Aussie and New Zealand dollar retreat

The Australian and New Zealand dollars reversed sharp losses against the yen in volatile trade on Monday as markets worry that Japanese officials will intervene to weaken the currency in the wake of Friday's massive earthquake and tsunami.
Published 15 Mar, 2011 12:00am
Swiss franc falls versus euro

Swiss franc falls versus euro

The Swiss franc fell against the euro on Monday after European leaders decided to strengthen the euro zone bailout fund, offsetting worries about Japan's huge earthquake and tsunami. The franc was trading lower against the euro at 1.2942 per euro at 0840
Published 15 Mar, 2011 12:00am
Yen borrowing costs stable

Yen borrowing costs stable

Yen interbank rates were stable on Monday after the Bank of Japan injected massive amounts of liquidity into the banking system, while eurozone liquidity conditions looked comfortable before Tuesday's ECB tender. In response to the threat of financial dis
Published 15 Mar, 2011 12:00am
Rupiah at four-year high

Rupiah at four-year high

Most Asian currencies showed resilience on Monday as Japanese companies appeared to hold off from quickly repatriating large sums in the wake of the country's deadly earthquake and tsunami. Among currencies that weakened, the biggest move was by the South
Published 15 Mar, 2011 12:00am
Indian rupee up

Indian rupee up

The Indian rupee ended stronger on Monday on the back of robust local shares, a weak dollar overseas and lower oil prices, and traders expect dollar inflows to support the local unit in the near term. The partially convertible rupee ended at 45.06/07, aga
Published 15 Mar, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 71.72/71.79 (previous 71.71/71.72). Call Money Rates: 11.00-12.00 percent (previous 8.00-12.00 percent).
Published 15 Mar, 2011 12:00am
Dollar rises versus yen in London

Dollar rises versus yen in London

The dollar rebounded from near record lows against the yen on Monday after the Bank of Japan announced a series of policy easing measures to shore up the economy in the wake of a devastating earthquake and tsunami. A surprise deal to boost Europe's sovere
Published 15 Mar, 2011 12:00am
Early trade in New York: euro extends gains versus dollar

Early trade in New York: euro extends gains versus dollar

The euro extended gains against the US dollar on Monday, hitting $1.40, after Eurogroup Chairman Jean-Claude Juncker said there has been a significant increase in inflation. Expectations that the ECB will raise interest rates next month have boosted the e
Published 15 Mar, 2011 12:00am
Dollar rebounds in Asia

Dollar rebounds in Asia

The dollar rebounded from near-record lows against the yen on Monday, boosted by hedge fund buying as the Bank of Japan's huge infusion into money markets helped ease nervousness triggered by the massive earthquake and tsunami in north-east Japan. The plu
Published 15 Mar, 2011 12:00am
Sterling recovers

Sterling recovers

Sterling rose on Monday, recovering from a four-month low against the euro as investors booked profits on the single currency's early gains, while an affirmation of the UK's sovereign rating supported the pound. The euro also faced key technical resistanc
Published 15 Mar, 2011 12:00am
Yuan slightly up

Yuan slightly up

The yuan ended up slightly against the dollar on Monday after the People's Bank of China set a stronger mid-point and found support from official comments that managing inflation would be a top priority. Spot yuan finished at 6.5698 versus the dollar, up
Published 15 Mar, 2011 12:00am
FTSE hits three-month low

FTSE hits three-month low

Britain's FTSE 100 share index hit a fresh three-month closing low on Monday, with some sectors seen vulnerable to further falls as the extent of the damage in Japan after the earthquake and tsunamis becomes clearer. Luxury goods firms such as Burberry Gr
Published 15 Mar, 2011 12:00am
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