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Archive - 2011-03-19
Etisalat walks away from $12bn Zain deal
Top News

Etisalat walks away from $12bn Zain deal

DUBAI: UAE telecom firm Etisalat scrapped on Saturday its $12 billion offer to buy a controlling stake in Kuwaiti rival
Published 19 Mar, 2011 12:02pm
Cable operators go on 24-hour strike
Top News

Cable operators go on 24-hour strike

KARACHI: The Cable Operators of Pakistan (CAP) has said that it will go on strike and all private channels will go of
Published 19 Mar, 2011 10:12am
Air strikes southwest of Benghazi
Top News

Air strikes southwest of Benghazi

BENGHAZI: A plane bombed an area southwest of Libya's rebel stronghold of Benghazi early Saturday and two columns of smo
Published 19 Mar, 2011 06:22am
Obama heads to Latin America
World

Obama heads to Latin America

WASHINGTON: US President Barack Obama left behind a week wracked by disaster and war late Friday, launching a five-day t
Published 19 Mar, 2011 04:45am
War, militancy in Khyber Pakhtunkhwa: 0.721 million students affected

War, militancy in Khyber Pakhtunkhwa: 0.721 million students affected

The spate of militancy that initially hit tribal areas of the country and then gradually spread to the settled areas of Khyber Pakhtunkhwa put impact on all spheres of life, including the education sector. Over 7,21,392 students were affected in the six d
Published 19 Mar, 2011 12:00am
Pakistan, China to discuss FTA expansion in June

Pakistan, China to discuss FTA expansion in June

Pakistan and China will discuss expansion of Free Trade Agreement (FTA) in the coming June with an aim to boost bilateral trade. "We will discuss the issues of eliminating the tariffs and prepare a comprehensive package for the implementation of the secon
Published 19 Mar, 2011 12:00am
Senate session summoned on March 28

Senate session summoned on March 28

President Asif Ali Zardari has summoned the Senate to meet in the Parliament House, Islamabad on March 28, 2011 (Monday) at 4pm in exercise of the Constitution of the Islamic Republic of Pakistan. According to a press release issued by the Senate Secretar
Published 19 Mar, 2011 12:00am
Bilour for expediting work on KCR project

Bilour for expediting work on KCR project

Minister for Railways Haji Ghulam Ahmed Bilour on Friday urged Japan International Co-operation Agency (JICA) and concerned ministry to expedite work on Karachi Circular Railway (KCR) project. In a meeting with a six-member JICA delegation of technical ex
Published 19 Mar, 2011 12:00am
Rs 41.30 million being spent on uplift projects: Sadiq

Rs 41.30 million being spent on uplift projects: Sadiq

A total of rupees 41.30 million are being spent on the remodelling of the municipal library, Iqbal Park and Allama Iqbal Library for which departmental work has already been started. This was disclosed in a meeting held here at Allama Iqbal Library with D
Published 19 Mar, 2011 12:00am
Government to provide quality seeds to farmers: Zehri

Government to provide quality seeds to farmers: Zehri

Federal Minister for Food and Agriculture, Mir Israrullah Zehri has said that the government would ensure availability of quality certified seeds to all farmers across the country, which is vital for agriculture growth.
Published 19 Mar, 2011 12:00am
Shahbaz Bhatti: investigators close to arresting assassins: IGP

Shahbaz Bhatti: investigators close to arresting assassins: IGP

The investigation team probing into the assassination of Minority Affairs Minister Shahbaz Bhatti is close to the perpetrators, as some important clues and leads have been found regarding his murder, said Wajid Ali Durrani, Inspector General of Police (IG
Published 19 Mar, 2011 12:00am
EDB forms committees to finalise budget proposals

EDB forms committees to finalise budget proposals

The Engineering Development Board (EDB) has constituted sectoral committees to finalise tariff-related proposals in consultation with stakeholders for the budget 2011-12. The committees have been directed to finalize the budget proposals pertaining to the
Published 19 Mar, 2011 12:00am
World Cup matches broadcast: Pemra carries out raids on cable networks

World Cup matches broadcast: Pemra carries out raids on cable networks

Pakistan Electronic Media Regulatory Authority (Pemra), in pursuance of orders of Supreme Court with regard to the broadcasting rights of ICC Cricket World Cup Matches 2011, raided various cable distribution networks across the country, which were alleged
Published 19 Mar, 2011 12:00am
Dr Shaikh appointed Member Academics of HEC

Dr Shaikh appointed Member Academics of HEC

Professor Dr Altaf Shaikh of Higher Education Commission (HEC), has been promoted to BPS-22 and appointed as Member (Academics) of the HEC of Pakistan, says a press release received here on Friday. A PhD in Semi-Conductor Physics from Germany, Dr Shaikh h
Published 19 Mar, 2011 12:00am
Drone attack: tribesmen vow to take revenge

Drone attack: tribesmen vow to take revenge

The drone attack targeting a tribal Jirga in Datta Khel, North Waziristan Agency on Thursday, has triggered protest demonstrations and condemnation in the tribal belt flaming hatred against the US. About 44 tribal elders were killed and more than two doze
Published 19 Mar, 2011 12:00am
PML-N files two adjournment motions in National Assembly

PML-N files two adjournment motions in National Assembly

While condemning the US drone attacks that killed about 45 tribal elders in North Waziristan agency, Pakistan Muslim League-Nawaz (PML-N) on Friday submitted adjournment motions in the National Assembly to discuss the matter in the House. The major opposi
Published 19 Mar, 2011 12:00am
Capital police nab 13 suspects

Capital police nab 13 suspects

Capital Police on Friday nabbed two suspected car lifters while 11 others were arrested for their alleged involvement in different crimes. Police claimed to have arrested two car thieves when they were trying to steal a car from Sector G-11 of the Capital
Published 19 Mar, 2011 12:00am
Security tightened in twin cities

Security tightened in twin cities

Interior Ministry has directed the Capital Police and other law enforcement agencies to remain on high alert to avoid any untoward incident. Contingents of Rangers, Frontier Constabulary, Anti-Terrorist Squad and Police have been deployed at all entry and
Published 19 Mar, 2011 12:00am
Two brothers among three killed in Quetta

Two brothers among three killed in Quetta

Unknown gunmen on Friday shot dead three people including two brothers here in Jinnah Town. According to the police, unknown armed men entered a general store in the Jinnah Town area and opened fire at the people inside the shop. Resultantly, two settlers
Published 19 Mar, 2011 12:00am
Cotton arrival declines by 8.74 percent: Majeed

Cotton arrival declines by 8.74 percent: Majeed

Chairman of Pakistan Cotton Ginners Association (PCGA), Masood A Majeed has said that shortfall of cotton arrival was 8.74 percent. He said total 1,15,74,917 bales of cotton were received during this season. It was 11,09,026 bales less than last year, sho
Published 19 Mar, 2011 12:00am
APPKI provides 40 water filtration plants

APPKI provides 40 water filtration plants

Association of Physicians of Pakistani Descended of Kentucky and Indiana (APPKI) USA has provided 40 water filtration plants to the health department Punjab to provide clean drinking water to flood-hit people.
Published 19 Mar, 2011 12:00am
Moonis remanded in FIA custody for four days

Moonis remanded in FIA custody for four days

A Civil Judge-cum-judicial magistrate Muhammad Ehtisham Sadiq here on Friday granted a four-day physical remand of PML-Q MPA Moonis Elahi to Federal Investigation Agency (FIA) in the National Insurance Corporation Limited (NICL) scam. Moonis Elahi was pre
Published 19 Mar, 2011 12:00am
Capacity-building programme for FOs launched

Capacity-building programme for FOs launched

Punjab Irrigation and Drainage Authority (Pida) has launched a capacity-building programme for the newly constituted 69 Farmer Organisations (FOs) in Area Water Board of Bahawalnagar Canal Circle. The training programme will continue for eight months, sai
Published 19 Mar, 2011 12:00am
Business community rejects 'mini-budget'

Business community rejects 'mini-budget'

Setting aside the recommendations of over 30 leading Chambers of Commerce and Industries, the government has announced a mini-budget within hours of the issuance of Bhurban Declaration proving that it has little regard for those who are actually running t
Published 19 Mar, 2011 12:00am
PMI has trained over 11,000 officers so far: DG

PMI has trained over 11,000 officers so far: DG

Pakistan Manpower Institute (PMI) trained 11,200 officer from public and private sector from the date of establishment of institute so far. PMI was established in 1975 for the research and training for the human resource development and management with fo
Published 19 Mar, 2011 12:00am
Over 100 PCS/PMS officers arrested

Over 100 PCS/PMS officers arrested

The Punjab government on Friday arrested over one hundred Punjab Civil Service (PCS) as well as Provincial Management Service (PMS) officers from the Punjab Civil Secretariat under Section 16 of the Maintenance of Public Order (MPO).
Published 19 Mar, 2011 12:00am
Three killed, two injured in different incidents

Three killed, two injured in different incidents

At least three persons were killed and two others injured in separate incidents here on Friday in different areas of the city. According to details, a man was killed and two others including a minor girl were injured when a gas cylinder exploded in the li
Published 19 Mar, 2011 12:00am
President NBP for synergizing actions to serve customers

President NBP for synergizing actions to serve customers

President National Bank of Pakistan (NBP), Qamar Hussain has urged synergizing actions to serve customers and the national economy. Addressing the annual business & strategy conference 2011 he said that our key objective for the future to reduce NPLs, inc
Published 19 Mar, 2011 12:00am
Warid introduces Micro SIM

Warid introduces Micro SIM

Since its inception, Warid Telecom has been striving hard to provide its customers with the state-of-the-art technology and services, and remains second to none in gratifying its customers. Carrying on with its tradition of excellence Warid Telecom introd
Published 19 Mar, 2011 12:00am
Russian CG to visit KSE

Russian CG to visit KSE

The Russian Consul General, Andrey Demidov will visit Stock Exchange on Monday to meet its members. According to KSE here on Friday, he will visit trading hall of the exchange and ring the bell.
Published 19 Mar, 2011 12:00am
'JACPIAE didn't ask PIA management to appoint or fire employees'

'JACPIAE didn't ask PIA management to appoint or fire employees'

Joint Action Committee of PIA Employees (JACPIAE) is not and cannot be involved in any sort of dictation to the PIA management to appoint or fire the employees, JACPIAE spokesman stated this in a statement issued here on Friday. The spokesman categoricall
Published 19 Mar, 2011 12:00am
POAMCL, MCBFSL sign trust deed

POAMCL, MCBFSL sign trust deed

Pak Oman Asset Management Company Limited (POAMCL) and MCB Financial Services Limited (MCBFSL) have signed a trust deed with MCBFSL acting as trustee for POAMCL's two upcoming funds: Pak Oman Cash Fund (POCF) and Pak Oman Government Securities Fund (POGSF
Published 19 Mar, 2011 12:00am
POAMCL, MCBFSL sign trust deed

POAMCL, MCBFSL sign trust deed

Pak Oman Asset Management Company Limited (POAMCL) and MCB Financial Services Limited (MCBFSL) have signed a trust deed with MCBFSL acting as trustee for POAMCL's two upcoming funds: Pak Oman Cash Fund (POCF) and Pak Oman Government Securities Fund (POGSF
Published 19 Mar, 2011 12:00am
Minister inaugurates flower exhibition

Minister inaugurates flower exhibition

The Sindh Minister, Shazia Marri, performed the inauguration of a flower exhibition and spring festival here on Thursday evening. Speaking on the occasion, she said that flowers and greenery are part of nature of human being because these beautify surroun
Published 19 Mar, 2011 12:00am
Nestle holds first water care festival

Nestle holds first water care festival

Nestle Pakistan, in association with Project WET (Water Education for Teachers), held the first Water Care Festival to raise awareness about water conservation and healthy hydration and to celebrate an awareness drive to educate students on the importance
Published 19 Mar, 2011 12:00am
Setting up of more schools for special children demanded

Setting up of more schools for special children demanded

Special children may have mild learning disabilities, mental retardation, food allergies, illnesses, occasional panic attacks or serious psychiatric problems but they can be treated at some level if serious efforts are made.
Published 19 Mar, 2011 12:00am
Pakistan Day: President grants special remission in sentences

Pakistan Day: President grants special remission in sentences

President Asif Ali Zardari, in exercise of powers under Article 45 of the Constitution, has granted special remission in sentences of convicted prisoners on the occasion of Pakistan Day (March 23, 2011). Following is the detail of remissions granted by th
Published 19 Mar, 2011 12:00am
Kundi made acting speaker

Kundi made acting speaker

Faisal Karim Kundi has been made acting speaker National Assembly in the absence of Dr Fehmida Mirza who has proceeded abroad on a visit. According to a press release issued here on Friday from National Assembly, the notification has been issued in pursua
Published 19 Mar, 2011 12:00am
PTCL re-launches 'Pakistan plus' package

PTCL re-launches 'Pakistan plus' package

Pakistan Telecommunication Company Limited (PTCL) management, in its resolve to share innovative, cost-effective and quality telecom solutions with its customers, has decided to re-launch Pakistan plus package with new rates. Under this package, customers
Published 19 Mar, 2011 12:00am
Macquarie, Foundation Securities sign agreement

Macquarie, Foundation Securities sign agreement

Pakistan - Foundation Securities (Pvt) Limited ("FSL"), a leading Pakistan securities company, and Macquarie Capital Securities Limited, an affiliate of global financial institution Macquarie Group (Macquarie, ASX:MQG), have signed a strategic co-operatio
Published 19 Mar, 2011 12:00am
Indian team visits SZABIST

Indian team visits SZABIST

Indian and Pakistani delegates of repute, including Indian journalist and Indian Parliamentarians, Jatin Desai (Indian journalist), Shahid Siddiqui and Dr Bhalchandra Mumbikar, Member of the Indian parliament, Mazhar Hussein, Executive director of Confede
Published 19 Mar, 2011 12:00am
Prime Minister urged to convene all parties' conference

Prime Minister urged to convene all parties' conference

Former Foreign Minister, Shah Mehmood Qureshi said Friday the Prime Minister should hold an all parties conference to remove the concerns of public on Raymond Davis case before the presidential address to the joint session of the parliament. He was addres
Published 19 Mar, 2011 12:00am
Qureshi meets Munawwar

Qureshi meets Munawwar

Former Foreign Minister Shah Mahmood Qureshi has called on Ameer Jamaat-e-Islami Pakistan Syed Munawwar Hassan on Friday. They discussed matter of mutual interest during the meeting. The meeting was attended by Deputy Secretary General JI Dr Farid Ahmed P
Published 19 Mar, 2011 12:00am
US national's release in accordance with law, insists Sanaullah

US national's release in accordance with law, insists Sanaullah

Punjab Law Minister, Rana Sanaullah Khan has said the release of US national Raymond Davis is in accordance with the law but contrary to national sentiments. Talking to reporters outside Punjab Assembly, here on Friday, the minister said they fully respec
Published 19 Mar, 2011 12:00am
Lawyers observe 'black-day'

Lawyers observe 'black-day'

Lawyers observed "black-day" here in the city and denounced the release of Raymond Davis, killer of two Pakistani citizens. Black flags were hoisted on bar premises and lawyers appeared in courts wearing black armbands. Addressing the general house meetin
Published 19 Mar, 2011 12:00am
Rallies held in Multan

Rallies held in Multan

Sunni Ittehad Council (SIC) held protest rallies countrywide on Friday against the release of US national Raymond Davis who was arrested for killing two Pakistanis. A huge rally was organised in Multan after Friday congregations which was joined by Jamaat
Published 19 Mar, 2011 12:00am
Political, religious parties denounce CIA contractor's release

Political, religious parties denounce CIA contractor's release

Political and religious parties staged protest on Friday against the release of CIA's agent and double murderer Raymond Davis on the appeal of Jamaat-e-Islami, Tehreek-e-Insaf (PTI), Pakistan Muslim League (Quaid-e-Azam), Jammat-ud-Dawa (JuD) and Sunni Te
Published 19 Mar, 2011 12:00am
'Go America Go' protest movement will continue: JI

'Go America Go' protest movement will continue: JI

Ameer Jamaat-e-Islami (JI) Munawwar Hassan said the JI-led 'Go America Go' movement would continue and the Friday's procession is just beginning. He was talking exclusively to Business Recorder before addressing the rally condemning the government
Published 19 Mar, 2011 12:00am
Hafeez Sheikh defends the three ordinances

Hafeez Sheikh defends the three ordinances

Federal Finance Minister Dr Hafeez Sheikh and Secretary Finance Dr Waqar Masood Khan claimed at a press conference in the aftermath of the promulgation of the three presidential ordinances that all government institutions were on-board with respect to the
Published 19 Mar, 2011 12:00am
Massacre at Datta Khel

Massacre at Datta Khel

Soon after CIA contractor Raymond Davis, who brutally murdered two Pakistanis, was released from prison in Lahore and whisked away to the safety of a US airbase in Afghanistan, CIA-operated Predator drones struck with a vengeance in North Waziristan's Dat
Published 19 Mar, 2011 12:00am
Micro-macro linkages in agriculture

Micro-macro linkages in agriculture

The ministry in its wisdom has created such a mess in agriculture that it will not go away, no matter what the efforts. The janitors from the west that came and plunked themselves here did precious little except send off stink in all directions - stink of
Published 19 Mar, 2011 12:00am
Benchmarking and setting standards for power sector BoDs

Benchmarking and setting standards for power sector BoDs

Amongst the many issues under discussion, the public and the politicians both consider that public sector enterprises (PSEs) cannot run as usual and the only solution to the current woes is through implementation of a stringent process of reform.
Published 19 Mar, 2011 12:00am
Japanese face hardships at disaster relief centres

Japanese face hardships at disaster relief centres

Large numbers of people carrying plastic canisters and baskets full of empty bottles are lining up in front of the drinking water tank. A woman pulls a woollen blanket over her head to keep out the cold when a helper suddenly appears, bows, and tells the
Published 19 Mar, 2011 12:00am
Babar Awan versus Chaudhry Nisar

Babar Awan versus Chaudhry Nisar

After listening to the press conferences of Chaudhry Nisar and Babar Awan, it became clear that the two leaders went for each other's jugulars.
Published 19 Mar, 2011 12:00am
Celebrating the court award

Celebrating the court award

Drones attack on North Waziristan killing over 40 civilians and injuring many more on the very day that the murderer Raymond Davis was released (without any payment by US, as Clinton says) just shows the arrogant impudence of the Pentagon and Langley hot-
Published 19 Mar, 2011 12:00am
Pakistan likely to surpass mango export targets

Pakistan likely to surpass mango export targets

Pakistan is likely to surpass its mango export targets due to the favourable weather for the past few months. Sources in the commercial wing of Pakistan High Commission told APP that because of ideal weather conditions, the growers are expecting a good ha
Published 19 Mar, 2011 12:00am
Work on K-IV project comes to a complete halt

Work on K-IV project comes to a complete halt

Work on much-required K-IV project of Karachi Water and Sewerage Board (KWSB) has come to a complete halt as the Indus River System Authority (IRSA) is unable to allocate 1200 cusecs of water quota, needed for the implementation of the project.
Published 19 Mar, 2011 12:00am
Certified repair centre for BlackBerry users launched

Certified repair centre for BlackBerry users launched

The launch of first certified repair centre for BlackBerry smartphones in the region would significantly improve the repair turnaround time; improve efficiency, while adhering to the highest standards of repair quality. This was stated by CEO Emitac Mobil
Published 19 Mar, 2011 12:00am
German relief organisations' services during floods acknowledged

German relief organisations' services during floods acknowledged

Pakistan Embassy in Berlin organised an event here on Friday to express thanks and show appreciation for the contribution and services rendered by German humanitarian and relief organisations during the unprecedented floods in Pakistan last year. In a cer
Published 19 Mar, 2011 12:00am
Bank Al Habib declares 20 percent bonus, 20 percent cash dividend

Bank Al Habib declares 20 percent bonus, 20 percent cash dividend

The Annual General Meeting of Bank Al Habib was held at its registered office at Multan on March 17, 2011. The shareholders approved the Annual Accounts for the year ended December 31, 2010. The payment of 20 percent cash dividend (final) and the issue of
Published 19 Mar, 2011 12:00am
Bank Al Habib declares 20 percent bonus, 20 percent cash dividend

Bank Al Habib declares 20 percent bonus, 20 percent cash dividend

The Annual General Meeting of Bank Al Habib was held at its registered office at Multan on March 17, 2011. The shareholders approved the Annual Accounts for the year ended December 31, 2010. The payment of 20 percent cash dividend (final) and the issue of
Published 19 Mar, 2011 12:00am
Train service restored in Balochistan

Train service restored in Balochistan

Train service from Quetta to other parts of the country has been restored after it had been suspended due to the non-availability of fuel, sources in the Pakistan Railways informed here on Friday. An official in the Pakistan Railways told APP that stock o
Published 19 Mar, 2011 12:00am
Enforcement of competition law critical for consumers: CCP

Enforcement of competition law critical for consumers: CCP

Competition Commission of Pakistan (CCP) Chairperson Rahat Kaunain Hassan has said that the effective implementation of competition policy is critical for consumers. "A competitive market benefits consumers by enabling them to obtain best value, and the e
Published 19 Mar, 2011 12:00am
Sindh to be declared as EHP

Sindh to be declared as EHP

The province of Sindh will be declared as "Earth Hour Province" (EHP) at a ceremony at Sindh secretariat on Saturday (today). Every year Earth Hour is celebrated all over the world on last Saturday of March at 8.30pm (local time) when masses switch off li
Published 19 Mar, 2011 12:00am
Minister appreciates Pakistan web awards

Minister appreciates Pakistan web awards

First ever Pakistan web awards held at a local hotel by "The Xeptionalz". Sindh IT Minister Mohammad Raza Haroon was the chief guest. The initiative was supported by IT Department, Government of Sindh, Pakistan Software Export Board (PSEB) & City District
Published 19 Mar, 2011 12:00am
Japan crew fixes power cable in race to stop radiation

Japan crew fixes power cable in race to stop radiation

Exhausted engineers successfully attached a power cable to Japan's tsunami-crippled nuclear station on Saturday in a race to prevent deadly radiation from an accident now rated at least as bad as America's Three Mile Island in 1979.
Published 19 Mar, 2011 12:00am
India urges no 'outside interference' in North Africa

India urges no 'outside interference' in North Africa

India said on Friday that it wanted to see citizens of North Africa and West Asia take their own decisions "free of outside interference" after the United Nations backed bombing raids in Libya. Prime Minister Manmohan Singh's statement followed India's ab
Published 19 Mar, 2011 12:00am
'Chernobyl solution' may be last resort for Japan reactors

'Chernobyl solution' may be last resort for Japan reactors

A "Chernobyl solution" may be the last resort for dealing with Japan's stricken nuclear plant, but burying it in sand and concrete is a messy fix that might leave part of the country as an off-limits radioactive sore for decades. Japanese authorities say
Published 19 Mar, 2011 12:00am
British Airways worker jailed for plane bomb plot

British Airways worker jailed for plane bomb plot

An Islamist who worked as a British Airways computer expert was jailed for 30 years on Friday for plotting with a radical cleric to blow up a plane bound for the United States. Rajib Karim, 31, was convicted last month of plotting with Anwar al-Awlaki, a
Published 19 Mar, 2011 12:00am
Biggest Iraqi Shia rally to support Bahrain

Biggest Iraqi Shia rally to support Bahrain

Thousands of Iraqi Shias rallied on Friday in the country's biggest demonstration yet to support fellow Shia protesters confronting troops from Sunni Arab states in Bahrain. The movement of troops from Saudi Arabia and other Gulf states to help Bahrain's
Published 19 Mar, 2011 12:00am
Abbas, Netanyahu invited to Moscow

Abbas, Netanyahu invited to Moscow

Palestinian President Mahmoud Abbas and Israeli Prime Minister Benjamin Netanyahu are to attend separate talks with the Russian President in Moscow next week, Russian news agencies reported on Friday. Abbas is to meet President Dmitry Medvedev on March 22
Published 19 Mar, 2011 12:00am
Thousands in Iran march in support of Arab revolts

Thousands in Iran march in support of Arab revolts

Thousands of Iranians marched on Friday in Tehran in support of the revolts rocking Bahrain, Libya and Yemen, state television reported. Chants backing the protests of majority Shias in Bahrain, who are challenging the Sunni dynasty's 200-year-old grip on
Published 19 Mar, 2011 12:00am
Gbagbo calls on civilians to join Ivory Coast struggle

Gbagbo calls on civilians to join Ivory Coast struggle

Laurent Gbagbo has called on Ivory Coast's civilians to help his forces "neutralise" suspected rebels, raising fears of a return to all out civil war as fighting continued in Abidjan on Friday. Meanwhile, the United Nations said Thursday's bombing of civi
Published 19 Mar, 2011 12:00am
70 killed in South Sudan clashes

70 killed in South Sudan clashes

Two days of heavy fighting between rebels and the south Sudanese army in the oil-producing states of Unity and Upper Nile, have left at least 70 people dead, an army spokesman said Friday. At least 30 soldiers and 11 rebels died in clashes that broke out
Published 19 Mar, 2011 12:00am
Germany mulls Afghan option after Libya abstention

Germany mulls Afghan option after Libya abstention

Germany is discussing with Nato whether it could take on AWACS aerial reconnaissance duties in Afghanistan, after opting against joining military operations in Libya, Chancellor Angela Merkel said on Friday. The Nato alliance is operating 24-hour surveill
Published 19 Mar, 2011 12:00am
Sarah Palin in India on overseas tour

Sarah Palin in India on overseas tour

Former US vice presidential nominee Sarah Palin, who may run against Barack Obama next year, has arrived in India on a rare overseas trip, sources told AFP on Friday. Palin is due to deliver a keynote speech at the India Today Conclave in New Delhi on Sat
Published 19 Mar, 2011 12:00am
Demonstrations across Syria after foiled Damascus rally

Demonstrations across Syria after foiled Damascus rally

Syrian security forces intervened against a rally in Daraa, south of Damascus, Friday, the state news agency said as a human rights activist alleged four people were killed and hundreds wounded. Other demonstrations were reported in Damascus, Homs, north
Published 19 Mar, 2011 12:00am
Sri Lanka, Ireland win

Sri Lanka, Ireland win

Sri Lanka defeated New Zealand by 112 runs in their World Cup Group A clash on Friday. Sri Lanka posted 265-9 before Muralitharan worked his magic to send the Black Caps crashing to 153 all out after 35 overs. In earlier match of Group B, Ireland posted a
Published 19 Mar, 2011 12:00am
Sri Lanka, Ireland win

Sri Lanka, Ireland win

Sri Lanka defeated New Zealand by 112 runs in their World Cup Group A clash on Friday. Sri Lanka posted 265-9 before Muralitharan worked his magic to send the Black Caps crashing to 153 all out after 35 overs. In earlier match of Group B, Ireland posted a
Published 19 Mar, 2011 12:00am
Bin Hammam to tackle Blatter

Bin Hammam to tackle Blatter

Asia's football chief Mohamed bin Hammam said Friday he would challenge Sepp Blatter for the FIFA presidency in June, setting the stage for a bitter tussle over the game's most powerful job. Bin Hammam, the wealthy Qatari president of the Asian Football C
Published 19 Mar, 2011 12:00am
Stirling fires Ireland to win with blazing ton

Stirling fires Ireland to win with blazing ton

Paul Stirling smashed an explosive century as Ireland posted an emphatic six-wicket victory over the Netherlands in their last World Cup match on Tuesday. The 20-year-old opener gave a superb exhibition of hitting, cracking two sixes and 14 fours in his 7
Published 19 Mar, 2011 12:00am
Afridi backs Shoaib Akhtar's decision

Afridi backs Shoaib Akhtar's decision

Pakistan captain Shahid Afridi says Shoaib Akhtar's announcement that he will retire from international cricket after the World Cup will not affect the team when they play Australia on Saturday. Akhtar Thursday announced he will quit after the World Cup,
Published 19 Mar, 2011 12:00am
Shoaib is fastest bowler I ever faced: Ponting

Shoaib is fastest bowler I ever faced: Ponting

Australia captain Ricky Ponting on Friday hailed Shoaib Akhtar, saying the Pakistani paceman was the fastest bowler he has ever faced. "Congratulations to him for being an outstanding cricketer," Ponting said of Akhtar who on Thursday announced he will re
Published 19 Mar, 2011 12:00am
13th National Seniors Cricket Cup: Sheikhupur Lions, Amir Cables win

13th National Seniors Cricket Cup: Sheikhupur Lions, Amir Cables win

Two matches were decided in 13th National Seniors Cricket Cup, as Sheikhupur Lions and Amir Cables notched victories in Central Punjab Zone. Sheikhupura defeated Jhang Lions by 97 runs in Group-H. The winners made 275 with Naseer Bhatti 96, Waseem Fazal 6
Published 19 Mar, 2011 12:00am
Afridi vows new plan of attack against Australia

Afridi vows new plan of attack against Australia

Pakistan captain Shahid Afridi has vowed to unleash a surprise assault on defending champions Australia in their eagerly-anticipated World Cup Group A clash on Saturday. Both teams have a chance to top the group and face a relatively weaker team from Grou
Published 19 Mar, 2011 12:00am
Bangladesh ready for South Africa, says Shakib

Bangladesh ready for South Africa, says Shakib

Bangladesh will not be easily pushed aside when they take on powerful South Africa in a must-win World Cup match on Saturday, skipper Shakib Al Hasan said. "We go into the match after two consecutive wins against England and the Netherlands, so the confid
Published 19 Mar, 2011 12:00am
Wozniacki, Sharapova reach semi-finals at Indian Wells

Wozniacki, Sharapova reach semi-finals at Indian Wells

Top seed Caroline Wozniacki, whose opponent pulled out with a painful injury, eased into the Indian Wells semi-finals where she was joined by Maria Sharapova on Thursday. Wozniacki, of Denmark, was ahead 3-0 when Victoria Azarenka packed it in after takin
Published 19 Mar, 2011 12:00am
US MIDDAY: gold stays higher

US MIDDAY: gold stays higher

Gold rose for a third straight day on Friday after a unilateral cease-fire declared by Libyan leader Muammar Gaddafi failed to calm investor nerves as political tensions remained elevated across the Arab world. Bullion also benefited from a weaker dollar
Published 19 Mar, 2011 12:00am
US MIDDAY: copper down

US MIDDAY: copper down

Copper failed to extend gains into a third day Friday, ending lower, as further tightening moves in China, Middle East unrest and Japan's nuclear crisis kept investor risk at a minimum. COMEX copper for May delivery eased 0.50 cent to settle at $4.3390 pe
Published 19 Mar, 2011 12:00am
US MIDDAY: grain futures surge

US MIDDAY: grain futures surge

US grain futures soared early on Friday as investors regained their appetite for risk, with corn rising by its expanded trading limit to post the biggest two-day gain in more than eight months. Wheat rose 4.5 percent, rising for the second straight day fo
Published 19 Mar, 2011 12:00am
US MIDDAY: cocoa sinks

US MIDDAY: cocoa sinks

US cocoa futures ended Friday at a two-month low after talk that Ivory Coast's Laurent Gbagbo may be open to negotiations to quit the presidency, which could allow beans from the top producer to reach the market. Raw sugar and arabica coffee futures climb
Published 19 Mar, 2011 12:00am
Gold gains in Europe

Gold gains in Europe

Gold rose on Friday on lingering concerns about the economy and oil prices despite Libya's announcement of a cease-fire, while investors looked to an intervention in the yen as a move that could calm markets. Bullion remained underpinned by market uncerta
Published 19 Mar, 2011 12:00am
Gold rises in Asia

Gold rises in Asia

Gold rose more than half a percent on Friday after Asian equities advanced and crude oil firmed on rising tensions in the Middle East and North Africa, but the worsening nuclear crisis in Japan could keep a lid on gains. Spot gold added $11.35 o $1,413.75
Published 19 Mar, 2011 12:00am
US gold moves higher

US gold moves higher

US gold futures ended higher on Thursday on a combination of crude oil's rally, dollar decline and an inflow in exchange traded fund, but volume was muted due to Japan's ongoing nuclear crisis. COMEX April gold futures settled up $8.1 at $1,404.2 an ounce
Published 19 Mar, 2011 12:00am
Oil falls as Libya calls truce

Oil falls as Libya calls truce

Oil prices slipped on Friday after two days of gains, as Libya declared a cease-fire, easing for the moment the threat of a Western air attack that could escalate the conflict and further damage oil facilities. Oil closed out a volatile week with yet anot
Published 19 Mar, 2011 12:00am
Liffe cocoa hits two-month low

Liffe cocoa hits two-month low

Liffe May cocoa ends down 113 pounds at 2,008 pounds a tonne with a late selling spree, which saw the market hit a two-month low of 2,004 pounds. The market continues to closely monitor the conflict in Ivory Coast, and any indications there could be a qui
Published 19 Mar, 2011 12:00am
US soyabeans soar

US soyabeans soar

Chicago Board of Trade May soyabeans ended up 3.75 percent on the day, lifted by technically based buying and leadership from corn, traders said. In addition, funds bought and estimated 10,000 soyabean contracts, as well as 4,000 soyameal and 6,000 soyaoi
Published 19 Mar, 2011 12:00am
New York coffee, sugar and cocoa surge

New York coffee, sugar and cocoa surge

Raw sugar, arabica coffee and cocoa futures finished higher on Thursday as the market extended gains after heavy liquidation this week caused by the nuclear crisis in earthquake-hit Japan. The benchmark May raw sugar contract jumped 0.89 cent, or 3.4 perc
Published 19 Mar, 2011 12:00am
Malaysian palm oil climbs

Malaysian palm oil climbs

Malaysian palm oil futures rose more than 3 percent on Friday, as physical buying and investor fears eased over the impact of the nuclear crisis in quake-hit Japan. The benchmark May 2011 crude palm oil contract on Bursa Malaysia Derivatives closed up 3.
Published 19 Mar, 2011 12:00am
Tokyo rubber extends rally

Tokyo rubber extends rally

Tokyo rubber futures ended 3 percent higher on Friday due to supply concerns after Thai moves to halt exports, supported by firmer crude oil prices. But prices came off their highs after the benchmark failed to test resistance at 430 yen and some operator
Published 19 Mar, 2011 12:00am
Copper eases

Copper eases

Copper eased on Friday as China took monetary tightening measures that could affect demand for industrial metals, but a cease-fire in Libya and a G7 intervention to calm market nerves helped boost risk appetite. Three-month copper on the London Metal Exch
Published 19 Mar, 2011 12:00am
Shanghai copper climbs

Shanghai copper climbs

Shanghai copper was holding onto near 3 percent gains secured earlier on Friday, helped by renewed Chinese buying that eased the impact of panic caused by Japan's earthquake and nuclear crisis, and catching up with Thursday's London rises.
Published 19 Mar, 2011 12:00am
US copper up

US copper up

Copper ended up on Thursday in its biggest one-day rally since November as buyer interest, particularly from China, began to percolate after Japan's nuclear crisis drove prices down to three-month lows this week. COMEX May copper rallied 3.5 percent, or 1
Published 19 Mar, 2011 12:00am
New York cotton rises seven-cent limit

New York cotton rises seven-cent limit

US cotton rose the 7-cent limit on Friday for the second day in a row on protective short covering amid worries about the situation in Libya and the potential for further mishap in Japan this weekend, brokers said. With a 3.6 percent gain, the active May
Published 19 Mar, 2011 12:00am
Obama signs bill funding government through April 8

Obama signs bill funding government through April 8

President Barack Obama has signed a second short-term spending bill to keep the government running, this time through April 8, giving lawmakers more time to agree on a package of spending cuts Republicans are demanding. Obama signed the bill Friday at the
Published 19 Mar, 2011 12:00am
China's home prices show signs of softening

China's home prices show signs of softening

China's efforts to cool its red-hot real estate market showed signs of working in February, as government data Friday showed more cities seeing a fall in house prices from the previous month. The figures could mean Beijing will hold off any further measur
Published 19 Mar, 2011 12:00am
Asian neighbours ramp up fuel exports to quake-hit Japan

Asian neighbours ramp up fuel exports to quake-hit Japan

Japan's neighbours pledged to ramp up liquefied natural gas (LNG) exports to the quake-stricken nation on Friday, helping the world's third-biggest economy to replace the power supply crippled by the disaster. Japan's worst earthquake on record has sparke
Published 19 Mar, 2011 12:00am
Canada's inflation eases

Canada's inflation eases

Inflation in Canada eased in February, bucking the trend in many other countries and removing some pressure from the Bank of Canada to start raising interest rates again soon. Statistics Canada said on Friday that core inflation, which excludes gasoline a
Published 19 Mar, 2011 12:00am
Former bankers bolster Goldman's funds unit

Former bankers bolster Goldman's funds unit

Goldman Sachs Asset Management (GSAM) has taken advantage of the global financial crisis to hire investment bankers weary of job cuts and heavy regulation. Around a fifth of new hires at GSAM since 2008 joined from investment banks, its Global co-chief ex
Published 19 Mar, 2011 12:00am
Former bankers bolster Goldman's funds unit

Former bankers bolster Goldman's funds unit

Goldman Sachs Asset Management (GSAM) has taken advantage of the global financial crisis to hire investment bankers weary of job cuts and heavy regulation. Around a fifth of new hires at GSAM since 2008 joined from investment banks, its Global co-chief ex
Published 19 Mar, 2011 12:00am
Japan economic ripples may prove lasting: IIF

Japan economic ripples may prove lasting: IIF

Japan's nuclear crisis may cause investors to factor in a higher "uncertainty premium" that drives up prices for oil and other assets, threatening the global economy, a finance leaders' group warned on Friday. The Institute of International Finance's mark
Published 19 Mar, 2011 12:00am
IBM to pay $10 million to settle Asian bribe case

IBM to pay $10 million to settle Asian bribe case

IBM has agreed to pay $10 million to settle charges it gave cash and gifts to Chinese and South Korean government officials, according to the US Securities and Exchange Commission (SEC). Under the agreement, which is subject to court approval, IBM does no
Published 19 Mar, 2011 12:00am
Fed allows big US banks to resume paying dividends

Fed allows big US banks to resume paying dividends

The Federal Reserve said Friday it would allow some of the largest US banks to resume paying dividends, in a new sign of the sector's emergence from the 2008-2009 housing finance collapse. The Fed told banks in 2009 to cut or halt dividend payments and ra
Published 19 Mar, 2011 12:00am
AmEx capital payout plan approved

AmEx capital payout plan approved

American Express Co received federal regulatory approval to return capital to its investors through share buybacks, the credit card company said on Friday. The Federal Reserve said on Friday that it would allow some of the largest US banks to boost or res
Published 19 Mar, 2011 12:00am
J.P Morgan, Wells Fargo boost dividends

J.P Morgan, Wells Fargo boost dividends

J.P. Morgan Chase & Co, Wells Fargo & Co and other large US banks announced plans to boost their dividend payments after passing the Federal Reserve's second round of stress tests. The announcements came minutes after the central bank said it would allow
Published 19 Mar, 2011 12:00am
Eurozone current account deficit plummet

Eurozone current account deficit plummet

The eurozone's current account improved sharply in January to show a deficit of 0.7 billion euros ($980 million), the European Central bank said Friday. The current account on the balance of payments, which includes imports and exports in both goods and s
Published 19 Mar, 2011 12:00am
US, Chile sign nuclear energy cooperation pact

US, Chile sign nuclear energy cooperation pact

Quake-prone Chile and the United States signed a nuclear energy co-operation pact on Friday while Japan confronted the worst nuclear crisis since Chernobyl in the wakee of a devastating earthquake Chilean Foreign Minister Alfredo Moreno and US Ambassador
Published 19 Mar, 2011 12:00am
UK to cut support for large solar plants

UK to cut support for large solar plants

Britain proposed on Friday cutting financial support for new solar plants from August 1, following an approval process, saying it wants to focus instead on supporting household and community-level projects. A public consultation will run from Friday until
Published 19 Mar, 2011 12:00am
Swiss franc up versus yen

Swiss franc up versus yen

The Swiss franc rose sharply against the yen on Friday after the Group of Seven agreed on rare joint intervention to weaken the Japanese currency. There were no signs the Swiss National Bank was selling yen and the SNB declined to comment on whether it wa
Published 19 Mar, 2011 12:00am
OIS rate implied for April drops

OIS rate implied for April drops

Uncertainty over the economic impact of the Japanese crisis has led eurozone money markets to factor in two rather than three ECB rate hikes by year end, though a third hike may be priced in again unless the problems escalate. Expectations for three hikes
Published 19 Mar, 2011 12:00am
Won, peso rebound

Won, peso rebound

The South Korean won led a rebound in Asian emerging currencies on Friday as an agreement by the Group of Seven to stem the yen's strength prompted investors to reduce dollar holdings, but investors were sceptical that regional currencies could extend the
Published 19 Mar, 2011 12:00am
Indian rupee up

Indian rupee up

The Indian rupee closed higher on Friday on the back of the euro's gain against the dollar, but negative domestic shares and high oil prices checked a sharper rise. The partially convertible rupee ended at 45.13/14 per dollar, 0.1 percent stronger than it
Published 19 Mar, 2011 12:00am
Australian and New Zealand dollars soar

Australian and New Zealand dollars soar

The Australian and New Zealand dollars soared about 5 percent against the yen on Friday after the Group of Seven rich nations agreed to join in rare concerted intervention to restrain a runaway yen. The Australian dollar raced to 81.40 yen, from around 77
Published 19 Mar, 2011 12:00am
Yen retreats from record peak in New York

Yen retreats from record peak in New York

The yen edged off a record high against the dollar on Thursday ahead of a conference call by Group of Seven finance ministers on fears officials may soon intervene to rein in the currency's rapid rise. The dollar hit a record low of 76.25 yen on trading p
Published 19 Mar, 2011 12:00am
Early trade in New York: G7 steps in to weaken yen

Early trade in New York: G7 steps in to weaken yen

The dollar rose 3 percent against the yen on Friday after the Group of Seven launched its first co-ordinated intervention in currency markets since 2000, and traders braced for more efforts to prevent runaway yen gains in the weeks ahead.
Published 19 Mar, 2011 12:00am
Yen falls broadly in London

Yen falls broadly in London

The yen fell broadly on Friday as European authorities sold the Japanese currency in the first co-ordinated Group of Seven intervention since 2000, but traders said impact in European time appeared to be limited. Traders braced for more possible yen selli
Published 19 Mar, 2011 12:00am
Yen slides in Asia

Yen slides in Asia

The yen tumbled more than 3 percent on Friday after Group of Seven finance ministers agreed to immediately and jointly intervene against the Japanese currency's surge to a record peak, with Bank of Japan buying pushing the dollar above 81 yen.
Published 19 Mar, 2011 12:00am
Sterling up versus yen

Sterling up versus yen

Sterling was firmer on the yen on Friday, with the Japanese currency under broad pressure after the Bank of England intervened in the forex market as part of the co-ordinated Group of Seven effort to stem its recent surge. The British pound rose to 132.30
Published 19 Mar, 2011 12:00am
Yuan ends up

Yuan ends up

The yuan closed up versus the dollar on Friday after the People's Bank of China fixed a stronger mid-point, just shy of the fixing's record high. But trading was cautious amid signs that the PBOC may not want to be too aggressive in letting the yuan appre
Published 19 Mar, 2011 12:00am
Yen intervention helps FTSE extend rally

Yen intervention helps FTSE extend rally

Britain's top share index extended gains on Friday from a technically oversold position as intervention by G7 countries to stabilise the yen boosted sentiment. The FTSE 100 was up 22.02 points, or 0.4 percent, at 5,718.13. The index is down more than 4 pe
Published 19 Mar, 2011 12:00am
Most Southeast Asian stocks gain

Most Southeast Asian stocks gain

Most Southeast Asian stock markets posted small gains on Friday at the end of a volatile week dominated by Japan's nuclear crisis, with shares in the region's refineries in demand after some Japanese plants closed. Market players traded cautiously on Frid
Published 19 Mar, 2011 12:00am
Seoul shares gain

Seoul shares gain

Seoul shares rose on Friday lifted by firm gains in brokerages and construction firms, but persistent fears about Japan's nuclear crisis and Middle East unrest weighed. The Korea Composite Stock Price Index (KOSPI) ended up 1.13 percent or 22.1 points at
Published 19 Mar, 2011 12:00am
Altaf asks US to release Dr Aafia

Altaf asks US to release Dr Aafia

Muttahida Qaumi Movement chief Altaf Hussain on Friday demanded of the US to set free Dr Aafia Siddiqui after it had secured the release of CIA contractor Raymond Davis through a 'blood money' deal. He said that Raymond Davis should not have been freed be
Published 19 Mar, 2011 12:00am
European shares edge up

European shares edge up

European shares edged higher on Friday after the Group of Seven nations' intervention to weaken the yen and Libya's move to halt military action helped boost investor sentiment. One factor capping gains was China's decision to raise banks' required reserv
Published 19 Mar, 2011 12:00am
Altaf asks US to release Dr Aafia

Altaf asks US to release Dr Aafia

Muttahida Qaumi Movement chief Altaf Hussain on Friday demanded of the US to set free Dr Aafia Siddiqui after it had secured the release of CIA contractor Raymond Davis through a 'blood money' deal. He said that Raymond Davis should not have been freed be
Published 19 Mar, 2011 12:00am
Hong Kong, China shares up

Hong Kong, China shares up

Hong Kong and China stocks closed marginally higher in thin Friday trade, as investors continued to worry about Japan and largely shrugged off a global move to help Tokyo restrain a soaring yen. The benchmark Hang Seng Index ended up 0.07 percent at 22,30
Published 19 Mar, 2011 12:00am
G7 closes ranks to shore up quake-hit markets

G7 closes ranks to shore up quake-hit markets

Japan and its economic allies on Friday intervened jointly in world currency markets for the first time in a decade to calm turmoil sparked by a huge earthquake and a deepening nuclear crisis. The announcement that the Japanese, US, eurozone, Canadian and
Published 19 Mar, 2011 12:00am
Australian shares up

Australian shares up

Australian shares rose 1.6 percent on Friday, their biggest daily gain in 3-1/2 months, supported by sharply higher base metals prices and an agreement by G7 countries to intervene to weaken a soaring Japanese yen and stabilise global markets. The benchma
Published 19 Mar, 2011 12:00am
G7 closes ranks to shore up quake-hit markets

G7 closes ranks to shore up quake-hit markets

Japan and its economic allies on Friday intervened jointly in world currency markets for the first time in a decade to calm turmoil sparked by a huge earthquake and a deepening nuclear crisis. The announcement that the Japanese, US, eurozone, Canadian and
Published 19 Mar, 2011 12:00am
Treasuries ease

Treasuries ease

US government debt prices gave up some of their recent gains on Thursday as some investors saw recent price jumps as overdone and after stronger-than-expected economic data painted a more bearish picture for rates. US Treasuries may find new buyers on Fri
Published 19 Mar, 2011 12:00am
G7 closes ranks to shore up quake-hit markets

G7 closes ranks to shore up quake-hit markets

Japan and its economic allies on Friday intervened jointly in world currency markets for the first time in a decade to calm turmoil sparked by a huge earthquake and a deepening nuclear crisis. The announcement that the Japanese, US, eurozone, Canadian and
Published 19 Mar, 2011 12:00am
Treasuries ease

Treasuries ease

US government debt prices gave up some of their recent gains on Thursday as some investors saw recent price jumps as overdone and after stronger-than-expected economic data painted a more bearish picture for rates. US Treasuries may find new buyers on Fri
Published 19 Mar, 2011 12:00am
Obama warns of military action: Qadhafi declares ceasefire

Obama warns of military action: Qadhafi declares ceasefire

Libya declared a cease-fire Friday in its battle to crush an armed revolt but rebels said they were still under fire and Washington warned of military action if Moamer Qadhafi refused to honour a UN demand to end the fighting. Speaking nearly five hours a
Published 19 Mar, 2011 12:00am
Taiwan stocks in best gain in two weeks

Taiwan stocks in best gain in two weeks

Taiwan stocks ended up 1.35 percent in their best percentage gain in two weeks on Friday, with Wintek and other Apple Inc suppliers in the lead in a rebound from worries over the earthquake and nuclear crisis in Japan. Touch panel maker Wintek surged near
Published 19 Mar, 2011 12:00am
Obama warns of military action: Qadhafi declares ceasefire

Obama warns of military action: Qadhafi declares ceasefire

Libya declared a cease-fire Friday in its battle to crush an armed revolt but rebels said they were still under fire and Washington warned of military action if Moamer Qadhafi refused to honour a UN demand to end the fighting. Speaking nearly five hours a
Published 19 Mar, 2011 12:00am
Wall Street rebounds

Wall Street rebounds

Wall Street rebounded after three days of declines on Thursday, but the advance could be temporary as concerns about Japan's nuclear crisis persisted. The S&P 500 recovered after giving up the year's gains on Wednesday, but options activity showed traders
Published 19 Mar, 2011 12:00am
Saudi King announces unprecedented benefits

Saudi King announces unprecedented benefits

Saudi King Abdullah on Friday announced unprecedented economic benefits worth tens of billions of dollars and warned against any attempt to undermine the kingdom, as upheaval swept the Arab world. The monarch appeared to be responding to the whirlwind of
Published 19 Mar, 2011 12:00am
Friday's afternoon trade: stocks advance on bank shares

Friday's afternoon trade: stocks advance on bank shares

US stocks advanced on Friday after the Group of Seven intervened to support the Japanese yen and major banks were cleared to pay dividends again, but investors are unlikely to make big bets heading into the weekend. Wells Fargo and Co and J.P. Morgan Chas
Published 19 Mar, 2011 12:00am
Saudi King announces unprecedented benefits

Saudi King announces unprecedented benefits

Saudi King Abdullah on Friday announced unprecedented economic benefits worth tens of billions of dollars and warned against any attempt to undermine the kingdom, as upheaval swept the Arab world. The monarch appeared to be responding to the whirlwind of
Published 19 Mar, 2011 12:00am
Tokyo shares jump

Tokyo shares jump

Japanese shares jumped nearly 3 percent and the yen tumbled on Friday after the Group of Seven agreed on rare joint intervention to curb the soaring currency and calm markets jittery over Japan's nuclear power plant crisis. The move by the G7 to support t
Published 19 Mar, 2011 12:00am
Over 400 Pakistanis return from Libya

Over 400 Pakistanis return from Libya

More than 400 Pakistanis returned to the homeland from Libya on Friday. The process of bringing back Pakistanis from Libya is underway and the national airline by its seventh special flight brought another 400 Pakistanis to Islamabad from Tripoli, a priva
Published 19 Mar, 2011 12:00am
Indian shares stay down

Indian shares stay down

Indian shares declined for a second week in a row, shedding 1.5 percent on Friday, dragged by index heavyweight Reliance Industries as a source said gas output next year at key fields in its main producing block may drop 12 percent from current levels. De
Published 19 Mar, 2011 12:00am
Over 400 Pakistanis return from Libya

Over 400 Pakistanis return from Libya

More than 400 Pakistanis returned to the homeland from Libya on Friday. The process of bringing back Pakistanis from Libya is underway and the national airline by its seventh special flight brought another 400 Pakistanis to Islamabad from Tripoli, a priva
Published 19 Mar, 2011 12:00am
South East Asia's biggest IPO hit by Japan crisis

South East Asia's biggest IPO hit by Japan crisis

Shares in the China port unit of Hong Kong giant Hutchison Whampoa fell almost six percent on their debut in Singapore on Friday, hurt by the ongoing nuclear crisis in Japan. The initial public offering for Hutchison Port Holdings Trust, which controls de
Published 19 Mar, 2011 12:00am
IMF hails taxation measures

IMF hails taxation measures

International Monetary Fund (IMF) has said that the revenue measures recently taken by the government of Pakistan are 'welcome' as 'fiscal consolidation in the current year is important to provide a basis for long-term growth in Pakistan'.
Published 19 Mar, 2011 12:00am
Hyundai recalls Elantras over airbag system defect

Hyundai recalls Elantras over airbag system defect

Hyundai Corp recalled more than 190,000 Elantra sedans in the United Statesand Puerto Rico due to a defect that could allow the passenger side airbag to malfunction. The recall affects Elantras for the model years 2007, 2008 and 2009, according to a notic
Published 19 Mar, 2011 12:00am
IMF hails taxation measures

IMF hails taxation measures

International Monetary Fund (IMF) has said that the revenue measures recently taken by the government of Pakistan are 'welcome' as 'fiscal consolidation in the current year is important to provide a basis for long-term growth in Pakistan'.
Published 19 Mar, 2011 12:00am
Parmalat funds see no sense in Lactalis alliance

Parmalat funds see no sense in Lactalis alliance

Three foreign funds trying to replace management at Italy's Parmalat said they would not team up with France's Lactalis, which revealed late on Thursday it had become the dairy company's biggest shareholder. "We do not see any industrial convergence with
Published 19 Mar, 2011 12:00am
IMF hails taxation measures

IMF hails taxation measures

International Monetary Fund (IMF) has said that the revenue measures recently taken by the government of Pakistan are ''welcome'' as ''fiscal consolidation in the current year is important to provide a basis for long-term growth in Pakistan''.
Published 19 Mar, 2011 12:00am
Parmalat funds see no sense in Lactalis alliance

Parmalat funds see no sense in Lactalis alliance

Three foreign funds trying to replace management at Italy's Parmalat said they would not team up with France's Lactalis, which revealed late on Thursday it had become the dairy company's biggest shareholder. "We do not see any industrial convergence with
Published 19 Mar, 2011 12:00am
Slow pace of fertility reduction threat to growth: World Bank report

Slow pace of fertility reduction threat to growth: World Bank report

Pakistan's slow pace of fertility reduction is depriving it from getting demographic dividend, besides negatively impacting its efforts meant to enhance per capita income, says a World Bank report. The report added that Pakistan has managed to bring down
Published 19 Mar, 2011 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Hard red winter wheat basis bids were mostly steady in the US Plains on Friday as cash market activity remained quiet, dealers said. Dealers said there was little farmer selling. There was some movement of grain to terminals in Oklahoma, a dealer said. Pr
Published 19 Mar, 2011 12:00am
Slow pace of fertility reduction threat to growth: World Bank report

Slow pace of fertility reduction threat to growth: World Bank report

Pakistan's slow pace of fertility reduction is depriving it from getting demographic dividend, besides negatively impacting its efforts meant to enhance per capita income, says a World Bank report. The report added that Pakistan has managed to bring down
Published 19 Mar, 2011 12:00am
Confusions over tax measures impede business on cotton market

Confusions over tax measures impede business on cotton market

Mills and spinners kept to the sideline on the cotton market on Friday due to confusions over the announcements regarding tax measures for the textile sector, dealers said. Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 12,500, th
Published 19 Mar, 2011 12:00am
Slow pace of fertility reduction threat to growth: World Bank report

Slow pace of fertility reduction threat to growth: World Bank report

Pakistan''s slow pace of fertility reduction is depriving it from getting demographic dividend, besides negatively impacting its efforts meant to enhance per capita income, says a World Bank report. The report added that Pakistan has managed to bring down
Published 19 Mar, 2011 12:00am
Quake won't boost Japan's rice imports: USDA economist

Quake won't boost Japan's rice imports: USDA economist

Japan will not need any significant boost in rice imports this year based on current damage estimates tied to its earthquake and tsunami, a top US Agriculture Department rice expert said on Thursday. But it is likely that Japan will boost imports of peris
Published 19 Mar, 2011 12:00am
Slow pace of fertility reduction threat to growth: World Bank report

Slow pace of fertility reduction threat to growth: World Bank report

Pakistan''''s slow pace of fertility reduction is depriving it from getting demographic dividend, besides negatively impacting its efforts meant to enhance per capita income, says a World Bank report. The report added that Pakistan has managed to bring do
Published 19 Mar, 2011 12:00am
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