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Archive - 2011-03-27
India, Pakistan talk extremism and peace
Top News

India, Pakistan talk extremism and peace

NEW DELHI: Top officials from India and Pakistan were due to meet on Monday in New Delhi to discuss counter-terrorism an
Published 27 Mar, 2011 10:37pm
NATO takes command of Libya campaign
Top News

NATO takes command of Libya campaign

BRUSSELS: NATO took full command on Sunday of military operations in Libya from a US-led coalition, empowering alliance
Published 27 Mar, 2011 10:34pm
Cairo bourse closes up 5.28pc
Financial

Cairo bourse closes up 5.28pc

CAIRO: The Cairo stock exchange on Sunday posted its first gains on its third day of trading following a seven week clos
Published 27 Mar, 2011 03:33pm
JI protest against drone attacks
Top News

JI protest against drone attacks

ISLAMABAD: Jamaat-e-Islami (JI) here Sunday organized a rally in front of Parliament House against the US drone attacks.
Published 27 Mar, 2011 01:43pm
Govt implemented SC verdicts
Top News

Govt implemented SC verdicts

ISLAMABAD: Despite a negative picture being painted by certain quarters, the Federal Government has implemented a number
Published 27 Mar, 2011 01:36pm
Sinopec Q4 net up 31pc
Commodities

Sinopec Q4 net up 31pc

HONG KONG: Asia's top oil refiner Sinopec Corp posted a 31 percent rise in fourth-quarter net profit on Sunday, lagging
Published 27 Mar, 2011 12:41pm
Libyan rebels retake hamlet of Bin Jawad
Top News

Libyan rebels retake hamlet of Bin Jawad

BIN JAWAD: Libyan rebels fighting Moamer Kadhafi's regime on Sunday recaptured Bin Jawad, a hamlet 50 kilometres (30 mil
Published 27 Mar, 2011 11:32am
Embassy officials hand over relief goods
Top News

Embassy officials hand over relief goods

ISLAMABAD: The Deputy Chief of Mission (DCM), Imtiaz Ahmad, and other senior officials of the Embassy of Pakistan in Jap
Published 27 Mar, 2011 10:51am
Bulls turn bears on India as doubts grow
Top News

Bulls turn bears on India as doubts grow

NEW DELHI: Investors have turned bearish on India despite government forecasts of nine percent economic growth, as conce
Published 27 Mar, 2011 07:25am
Rescuers struggle in quake-hit Myanmar
Top News

Rescuers struggle in quake-hit Myanmar

TARLAY: Rescue teams struggled Sunday to reach those affected by a powerful earthquake that struck Myanmar's east three
Published 27 Mar, 2011 06:09am
Yemen president says his regime 'firm'
Top News

Yemen president says his regime 'firm'

SANAA: Yemen's embattled President Ali Abdullah Saleh on Saturday rebuffed opposition calls to step down, saying his reg
Published 27 Mar, 2011 05:20am
Yemen close to transition of power deal
Top News

Yemen close to transition of power deal

SANAA: Yemen's President Ali Abdullah Saleh said on Saturday he was prepared to step down if allowed a dignified departu
Published 27 Mar, 2011 12:16am
Yemen close to transition of power deal: minister

Yemen close to transition of power deal: minister

A deal to transfer power peacefully in Yemen could emerge shortly based on an offer by President Ali Abdullah Saleh to quit by the end of the year, Foreign Minister Abubakr al-Qirbi told Reuters. But Al Arabiya television later quoted Saleh as saying that
Published 27 Mar, 2011 12:00am
Pro-Gbagbo supporters hold massive rally in Abidjan

Pro-Gbagbo supporters hold massive rally in Abidjan

Several thousand people gathered for a mass rally in support for Ivory Coast strongman Laurent Gbagbo Saturday, under international pressure to leave power as the country slides towards civil war.
Published 27 Mar, 2011 12:00am
Gold hits record high in 'perfect storm' for precious metals

Gold hits record high in 'perfect storm' for precious metals

Gold smashed records this week and silver hit 31-year highs as the safe-haven metals were boosted by a "perfect storm" of fears over Middle East unrest, Portugal's debt and the Japan nuclear crisis. The pair won further support as the dollar fell against
Published 27 Mar, 2011 12:00am
Australia starts reaping cotton crop but yields seen lower

Australia starts reaping cotton crop but yields seen lower

Australia, one of the world's leading cotton exporters, has started to reap what is expected to be a record crop, an industry spokesman said on Friday, but yields are set to be hit by floods in some areas and dry conditions in others.
Published 27 Mar, 2011 12:00am
Brazil cotton harvest may face race against clock

Brazil cotton harvest may face race against clock

Brazilian soy farmers planting cotton during the interharvest will need to gather the biggest ever crop of the fiber with clockwork-like efficiency this year to avoid disrupting the harvests that will follow. Soy farmers usually plant corn in their soy fi
Published 27 Mar, 2011 12:00am
China 2011 cotton area seen up

China 2011 cotton area seen up

China's total cotton-growing area this year is likely to rise five percent from a year ago, the Chinese Academy of Agricultural Sciences (CAAS) said, revising upwards its earlier forecast of a 4.1 percent increase. Rising cotton prices since January had p
Published 27 Mar, 2011 12:00am
Thailand decides against domestic rubber market support

Thailand decides against domestic rubber market support

The Thai government said on Monday it would not intervene in the domestic rubber market at this point as prices had rebounded to a level farmers were satisfied with. "Prices fell briefly due to a short-term panic after Japan's earthquake, which raised con
Published 27 Mar, 2011 12:00am
Bangladesh to sign rice deal with Vietnam

Bangladesh to sign rice deal with Vietnam

Bangladesh will sign a deal next week to import 200,000 tonnes of rice from Vietnam in a government deal, on the heels of another agreement concluded with Thailand, as the South Asian country seeks to ensure supplies of the staple, a senior official said
Published 27 Mar, 2011 12:00am
Asian sugar prices seen falling

Asian sugar prices seen falling

Sugar premiums are being weighed down by the prospect of larger-than-expected supply of the sweetener in Thailand, the world's second-biggest exporter, at a time of thin demand, dealers said on Tuesday. With most buyers sidelined, waiting to buy when pric
Published 27 Mar, 2011 12:00am
No major Japan rice damage from quake: FAO

No major Japan rice damage from quake: FAO

The severe earthquake and tsunami which hit Japan on March 11 are unlikely to cause major damage to rice and other grain crops in the country, a senior economist at United Nations' food agency said on Tuesday. "For the moment, given the information we hav
Published 27 Mar, 2011 12:00am
Soyabeans rise on harvest delays in South America

Soyabeans rise on harvest delays in South America

Chicago Board of Trade soyabean futures closed higher on Friday on some harvest delays in South America, traders said. Weekend position-squaring and nervousness ahead of the March 31 release of the US Department of Agriculture's plantings report kept soya
Published 27 Mar, 2011 12:00am
Kenyan tea exports fall in February

Kenyan tea exports fall in February

Kenyan tea exports, which are the country's biggest foreign exchange earner, dropped 14 percent in February after sales to Egypt were interrupted by the unrest there, the Tea Board of Kenya said on Tuesday. Production in the east Africa country was also d
Published 27 Mar, 2011 12:00am
US gold falls

US gold falls

Gold reversed gains in high volume on Friday, hit by a dollar spike after several top US Federal Reserve officials said the Fed is unlikely to extend its bond-buying stimulus program beyond a planned $600 billion.
Published 27 Mar, 2011 12:00am
Copper ends lower

Copper ends lower

Copper ended lower on Friday, extending a phase of consolidation from this week's two-week highs, as investors continued to weigh the economic impact from Japan's nuclear catastrophe and a worsening debt crisis in Europe. A drop in US consumer sentiment t
Published 27 Mar, 2011 12:00am
Seven Afghan civilians killed in Nato airstrike

Seven Afghan civilians killed in Nato airstrike

Seven civilians, three of them children, were killed and five others wounded in a Nato airstrike targeting insurgents in restive southern Afghanistan, a local official said Saturday. The governor of Helmand province said the two men, two women and three c
Published 27 Mar, 2011 12:00am
India arrests four in 'fake pilots' case

India arrests four in 'fake pilots' case

Indian police said Saturday they had arrested four people, including a government aviation official, in connection with a growing scandal over pilots flying with fake qualifications. Cases of pilots exaggerating their flying time while training and other
Published 27 Mar, 2011 12:00am
Turkey's Kurds begin 'civil disobedience' campaign

Turkey's Kurds begin 'civil disobedience' campaign

Turkish Prime Minister Recep Tayyip Erdogan has welcomed the cries for change that have swept the Middle East, but protesters say he is ignoring similar overtures from his country's Kurdish minority. It's a situation that has led to allegations of hypocri
Published 27 Mar, 2011 12:00am
Appeal to keep Twitter data from WikiLeaks probe

Appeal to keep Twitter data from WikiLeaks probe

Internet rights attorneys on Friday appealed a US judge's order that Twitter must hand over data of three users in contact with the controversial website WikiLeaks. The Electronic Frontier Foundation (EFF) and American Civil Liberties Union (ACLU) challen
Published 27 Mar, 2011 12:00am
Egypt must scrap law banning strikes: rights group

Egypt must scrap law banning strikes: rights group

An Egyptian draft law that imposes prison sentences for some strike action violates international laws on freedom of assembly and must be scrapped, Human Rights Watch said on Saturday. Last week, Egypt's military-backed government approved the draft law,
Published 27 Mar, 2011 12:00am
Ferraro, 1st woman on US presidential ticket, dies

Ferraro, 1st woman on US presidential ticket, dies

Geraldine Ferraro, the Democratic congresswoman who became the first woman on a major party presidential ticket as Walter Mondale's running mate in 1984, died on Saturday at the age of 75, US media reported. Ferraro died at Massachusetts General Hospital
Published 27 Mar, 2011 12:00am
Canada dissolves parliament, election set for May 2

Canada dissolves parliament, election set for May 2

Canada's governor general dissolved parliament on Saturday after a vote of no-confidence in Tory Prime Minister Stephen Harper's government, setting up a fourth election in seven years. From the steps of the official residence of Queen Elizabeth II's repr
Published 27 Mar, 2011 12:00am
Survivors struggle in remote Myanmar quake areas

Survivors struggle in remote Myanmar quake areas

Survivors surveyed the wreckage of their Myanmar villages on Saturday as details of an earthquake that left 75 dead and reduced homes to rubble began to trickle out of remote areas. The powerful 6.8 magnitude quake struck in the east of the country near t
Published 27 Mar, 2011 12:00am
Russia switching to permanent daylight savings time

Russia switching to permanent daylight savings time

Russians will be permanently on daylight savings time when they set their clocks ahead one hour early on Sunday under a decree from President Dmitry Medvedev. Medvedev, who has already tinkered with time by reducing the number of the vast country's time z
Published 27 Mar, 2011 12:00am
Gulf monetary union to take time: Saudi Arabia

Gulf monetary union to take time: Saudi Arabia

A Gulf monetary union is still in its early stages and the launch of a common currency will take time, Saudi Arabia's central bank governor said in remarks published on Saturday. "The Gulf monetary union project is huge and we are still in the foundation
Published 27 Mar, 2011 12:00am
Wal-Mart fine in holiday sale death upheld

Wal-Mart fine in holiday sale death upheld

A US judge upheld on Friday a fine against Wal-Mart Stores Inc issued by US workplace safety regulators after a fatal stampede of frenzied holiday shoppers in 2008 at a Long Island store. The world's largest retailer was fined when a 34-year-old security
Published 27 Mar, 2011 12:00am
US closes small bank, bringing 2011 total to 26

US closes small bank, bringing 2011 total to 26

US authorities closed the Bank of Commerce of Wood Dale, a small Illinois bank on Friday, bringing the total number of foreclosures in 2011 to 26. The Illinois bank had about $163.1 million in assets, the FDIC said. Advantage National Bank Group of Elk Gr
Published 27 Mar, 2011 12:00am
Indian Prime Minister commits to reforms

Indian Prime Minister commits to reforms

India's prime minister has reaffirmed his Congress-led government's commitment to economic reforms as the administration battles a host of corruption scandals. The new thrust on reforms is seen by analysts as an attempt by the government to re-energise it
Published 27 Mar, 2011 12:00am
Auditor raps India's ONGC over 'inflated' claims

Auditor raps India's ONGC over 'inflated' claims

India's auditor has rapped state-run ONGC over its $2.12 billion purchase of Imperial Energy, saying unrealistic output forecasts were made to justify the energy giant's costliest ever acquisition. The harshly-worded condemnation comes only months before
Published 27 Mar, 2011 12:00am
Judge allows suits against BofA to proceed

Judge allows suits against BofA to proceed

A US federal court judge has allowed Deutsche Bank AG and the mortgage unit of France's BNP Paribas SA to proceed with their lawsuits against Bank of America related to losses they incurred in connection with the collapse of mortgage lender Taylor Bean &
Published 27 Mar, 2011 12:00am
Iran says Libya oil output cut 'not remarkable'

Iran says Libya oil output cut 'not remarkable'

Oil price hawk Iran said on Saturday that the cut in crude output from Libya was not significant when compared with high levels of stocks around the world. Oil Minister Massoud Mirkazemi reiterated his position that there was no need for Opec to hold an e
Published 27 Mar, 2011 12:00am
Sanctions possible in China copyright spat: US

Sanctions possible in China copyright spat: US

China said on Friday it complied with "most measures at issue" in an international trade ruling made against its restrictions on copyright-intensive goods such as films, books and music. But the United States, which filed the case against China years ago,
Published 27 Mar, 2011 12:00am
IMF warns of Latam overheating

IMF warns of Latam overheating

The head of the International Monetary Fund warned on Saturday that many Latin American economies showed signs of overheating and that the region was at risk of credit bubbles.
Published 27 Mar, 2011 12:00am
Clashes with police overshadow UK anti-cuts rally

Clashes with police overshadow UK anti-cuts rally

Black-clad, masked youths clashed with police, smashed windows and started a fire in central London on Saturday when more than a quarter of a million Britons marched in protest against government spending cuts. Breakaway groups splintered from the main ra
Published 27 Mar, 2011 12:00am
ECB close to liquidity deal for troubled banks

ECB close to liquidity deal for troubled banks

The European Central Bank is putting the finishing touches on a new facility that will give troubled eurozone banks liquidity over a longer time frame, throwing a lifeline to Ireland's ailing banks. A eurozone central banking source told Reuters on Saturd
Published 27 Mar, 2011 12:00am
RIM acquires tinyHippos

RIM acquires tinyHippos

Blackberry maker Research In Motion says it has bought Ontario-based startup tinyHippos Inc, creator of Ripple, a cross-platform mobile application development and testing tool. The company was acquired for its "extensive experience in web and mobile widg
Published 27 Mar, 2011 12:00am
Bulgarians rally against government over economy

Bulgarians rally against government over economy

Thousands of Bulgarians rallying in the Bulgarian capital on Saturday urged the government to quit over economic crisis in the European Union's poorest nation. About 4,000 people joined a protest called by opposition socialists dubbed "Red Card for the Go
Published 27 Mar, 2011 12:00am
Kodak wins round in Apple-RIM dispute

Kodak wins round in Apple-RIM dispute

A US trade panel has agreed to review Eastman Kodak Co's claim that Research in Motion Ltd and Apple Inc are infringing on its patents in a case that could mean hundreds of millions of dollars in royalties.
Published 27 Mar, 2011 12:00am
Automakers face paint shortage after Japan quakes

Automakers face paint shortage after Japan quakes

The shortage of a speciality pigment that gives cars a glittering shine has prompted automakers to temporarily restrict orders on vehicles in certain shades of black, red and other colours.
Published 27 Mar, 2011 12:00am
Dollar rallies

Dollar rallies

The US dollar climbed against the euro on Friday and is likely to remain buoyant in the week ahead after a Federal Reserve official said the central bank will have to tighten monetary policy soon to avoid sowing the seeds of inflation.
Published 27 Mar, 2011 12:00am
Speculators increase dollar shorts, yen longs

Speculators increase dollar shorts, yen longs

Currency speculators increased bets against the US dollar and added to long positions in the Japanese yen, data from the Commodity Futures Trading Commission showed on Friday. The value of the dollar's net short position rose to $29.82 billion in the week
Published 27 Mar, 2011 12:00am
Euribor rates tick up on rate expectations

Euribor rates tick up on rate expectations

Key euro-priced bank-to-bank lending rates rose on Friday, boosted by lower excess liquidity and the European Central Bank's looming interest rate increase. Recent policymaker comments have cemented expectations that the ECB remains ready to raise interes
Published 27 Mar, 2011 12:00am
African currency outlook

African currency outlook

Nigeria's naira is expected to strengthen against the dollar next week, while Kenya's, Uganda's and Tanzania's shillings are likely to ease due to high dollar demand from oil importers.
Published 27 Mar, 2011 12:00am
Peru central bank chief sees currency war ebbing

Peru central bank chief sees currency war ebbing

A slowdown in investment flows into Latin America is making it easier for the region's policymakers to raise interest rates, the head of Peru's central bank said in an interview on Friday. "Before one had to mix (rate hikes) with unconventional measures,"
Published 27 Mar, 2011 12:00am
Oracle drives Wall Street higher; volume stays weak

Oracle drives Wall Street higher; volume stays weak

Wall Street advanced for a third straight day on Friday, giving the S&P its best weekly performance since early February, but volume remained light as global uncertainty persisted. The three major stock indexes posted weekly gains after two straight weeks
Published 27 Mar, 2011 12:00am
Quake costs may shake faith of JGB investors at home

Quake costs may shake faith of JGB investors at home

The Japanese government bond market may finally be reaching a tipping point, with the issuance needs for post-quake reconstruction prompting domestic investors to demand higher yields to absorb yet more debt. Abroad, Japan's massive and growing debt load
Published 27 Mar, 2011 12:00am
Quake costs may shake faith of JGB investors at home

Quake costs may shake faith of JGB investors at home

The Japanese government bond market may finally be reaching a tipping point, with the issuance needs for post-quake reconstruction prompting domestic investors to demand higher yields to absorb yet more debt. Abroad, Japan's massive and growing debt load
Published 27 Mar, 2011 12:00am
Treasury outlook: bonds could gain after QE

Treasury outlook: bonds could gain after QE

US Treasuries could gain in price when the Federal Reserve removes itself as one of the biggest buyers of government debt, scheduled for the middle of this year, said Jason Brady, a managing director for Thornburg Investment Management. While it might see
Published 27 Mar, 2011 12:00am
Treasury outlook: bonds could gain after QE

Treasury outlook: bonds could gain after QE

US Treasuries could gain in price when the Federal Reserve removes itself as one of the biggest buyers of government debt, scheduled for the middle of this year, said Jason Brady, a managing director for Thornburg Investment Management. While it might see
Published 27 Mar, 2011 12:00am
Emerging markets: Latam stocks at two-week high

Emerging markets: Latam stocks at two-week high

A gauge of Latin American stocks rose to a two-week high on Thursday after a recent slump, but Brazilian shares fell after the country's main index failed to break a key level and local earnings disappointed. The MSCI Latin American stocks index rose 0.37
Published 27 Mar, 2011 12:00am
Sri Lankan stocks at one-week high

Sri Lankan stocks at one-week high

Sri Lanka's stock market gained on Friday to a one-week high as retail investors snapped up select shares offseting foreign investors' exit from Asia's best performing market throughout the week amid fears over higher inflation due to instability in oil-p
Published 27 Mar, 2011 12:00am
Fed's Plosser triggers selling in US debt

Fed's Plosser triggers selling in US debt

Treasuries sold off on Friday after hawkish remarks by a Federal Reserve policy maker drove the 10-year yield above a key support level, signalling that a bearish move that began this week will continue. Charles Plosser, the president of the Federal Reser
Published 27 Mar, 2011 12:00am
Apollo IPO could pave way for others

Apollo IPO could pave way for others

Private equity firm Apollo Global is set to go public next week, and if the sale goes well, a gaggle of alternative investment managers could follow. Bankers are holding discussions with firms including Oaktree Capital Management and Carlyle Group about g
Published 27 Mar, 2011 12:00am
Toronto index shrugs off election

Toronto index shrugs off election

Toronto's main stock index shrugged off the fall of Canada's Conservative government on Friday and nudged higher as stronger resource shares offset a plunge by Research In Motion. RIM tumbled more than 10 percent to C$55.78 after the BlackBerry maker warn
Published 27 Mar, 2011 12:00am
Indian bond yields fall

Indian bond yields fall

Indian federal bond yields and swap rates fell on Friday after the government announced a lower-than-expected borrowing for the first half of the next fiscal year starting April, with traders expecting the rally in bonds to continue in coming weeks.
Published 27 Mar, 2011 12:00am
Indian bond yields fall

Indian bond yields fall

Indian federal bond yields and swap rates fell on Friday after the government announced a lower-than-expected borrowing for the first half of the next fiscal year starting April, with traders expecting the rally in bonds to continue in coming weeks.
Published 27 Mar, 2011 12:00am
Turkish stocks lower

Turkish stocks lower

The Turkish lira firmed on Friday due to foreign buying after the central bank's move this week to raise reserve requirement ratios on banks' lira deposits, while stocks rose and bonds yields fell slightly.
Published 27 Mar, 2011 12:00am
Middle East unrest to hit Morocco bourse IPOs

Middle East unrest to hit Morocco bourse IPOs

Protests sweeping the Middle East and North Africa may have diminished the prospects for more initial public offerings (IPOs) on Morocco's bourse this year, its chief executive said on Thursday. Morocco wants to double the number of companies listed on th
Published 27 Mar, 2011 12:00am
German budget deficit to hit 2.5 percent in 2011

German budget deficit to hit 2.5 percent in 2011

Germany plans to bring its budget deficit down to 2.5 percent of gross domestic product this year, well under the European Union ceiling of 3 percent, according to a report in a news magazine released on Saturday. Citing financing plans to be agreed by th
Published 27 Mar, 2011 12:00am
Bank of Canada warns on capital flows, prices

Bank of Canada warns on capital flows, prices

Misguided policies for dealing with high inflation and a flood of capital into emerging markets could lead to financial instability and weak economic growth, the Bank of Canada said on Saturday. "The stakes are very high," said Bank of Canada Governor Mar
Published 27 Mar, 2011 12:00am
Wisconsin Republicans say anti-union law in effect

Wisconsin Republicans say anti-union law in effect

Wisconsin Republicans said on Friday a measure stripping state public employees of most collective bargaining rights was now in effect after it was published by a legislative agency despite a judge's order against publication. The move looked certain to s
Published 27 Mar, 2011 12:00am
Shell Nigeria oil sales face tricky final hurdles

Shell Nigeria oil sales face tricky final hurdles

Royal Dutch Shell has shortlisted bidders for the four Nigerian onshore oil blocks it has put up for sale but financing challenges and negotiations with state-oil company NNPC could yet undo best laid plans. India's Essar Energy said this week it was unsu
Published 27 Mar, 2011 12:00am
Months of Parmalat share moves probed

Months of Parmalat share moves probed

Italian prosecutors are investigating months of share movements in Italian dairy company Parmalat SpA that includes foreign funds' sale of holdings to France's Lactalis, newspapers said on Saturday. Lactalis, one of Europe's biggest dairy companies, raise
Published 27 Mar, 2011 12:00am
Months of Parmalat share moves probed

Months of Parmalat share moves probed

Italian prosecutors are investigating months of share movements in Italian dairy company Parmalat SpA that includes foreign funds' sale of holdings to France's Lactalis, newspapers said on Saturday. Lactalis, one of Europe's biggest dairy companies, raise
Published 27 Mar, 2011 12:00am
Croatia arrests energy executive on graft suspicion

Croatia arrests energy executive on graft suspicion

Croatian police arrested a senior executive of the national energy group INA on suspicion of corruption on Friday, state television said. Anti-corruption police unit USKOK said two people had been arrested, but gave only their initials - BM and MP. INA sa
Published 27 Mar, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 104,925 tonnes of cargo including 60,261 tonnes of import cargo, 44,664 tonnes of export cargo and 3,810 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 60,261 tonnes compr
Published 27 Mar, 2011 12:00am
US wheat and corn bullish on expectations of strong demand

US wheat and corn bullish on expectations of strong demand

US wheat and corn, on track for weekly gains of around 3 percent, rose on Friday in Asia, while soy also gained but was heading for a slight loss on the week as traders said demand, especially from China, remains strong. "Given strong demand for grains, p
Published 27 Mar, 2011 12:00am
Corn export premiums steady

Corn export premiums steady

US corn export premiums at the US Gulf Coast held steady on Friday after rising a day earlier amid a spike in export demand from China, traders said. Private exporters sold 1.25 million tonnes US corn to unspecified buyers, 1 million tonnes of that for 20
Published 27 Mar, 2011 12:00am
Indonesia steps up corn imports from India

Indonesia steps up corn imports from India

Indonesia has stepped up corn imports from India after snapping up a major deal with New Delhi early this week, while Sri Lanka and Nepal are likely to place orders for Indian cargoes.Traders said Indonesia, trying to secure supplies of some essential foo
Published 27 Mar, 2011 12:00am
Philippines rice imports to fall in 2011

Philippines rice imports to fall in 2011

Following are selected highlights from a report issued by a US Department of Agriculture attache in Philippines: "After contracting in 2010 as a result of an El Nino dry spell, Philippine rice and corn production are expected to increase in (marketing yea
Published 27 Mar, 2011 12:00am
Indonesia's 2011 cocoa output seen flat

Indonesia's 2011 cocoa output seen flat

Cocoa output in Indonesia, the world's third-largest cocoa producer, will be flat this year as increased output from new planting offsets the impact of heavy rains, the Indonesian Cocoa Association said on Friday. Indonesia produced around 600,000 tonnes
Published 27 Mar, 2011 12:00am
Good weather boosts Nigeria's cocoa mid-crop

Good weather boosts Nigeria's cocoa mid-crop

A mix of rainfall and sunshine in Nigeria's main cocoa growing regions in the last two months has helped the mid-crop develop and lowered the risk of damp-related plant diseases, farmers and buyers said on Friday. The October-March main crop ends next wee
Published 27 Mar, 2011 12:00am
US Midwest corn and soya bids steady to firm

US Midwest corn and soya bids steady to firm

Corn and soyabean spot basis bids were steady to firm across the US Midwest on Friday as farmers remained on the sidelines even as futures rose sharply. Cash corn prices climbed back above $7 per bushel at some points in the eastern part of the region but
Published 27 Mar, 2011 12:00am
China-Europe container rates drop below $1,000

China-Europe container rates drop below $1,000

Spot rates for shipping containers from Shanghai to Europe have dropped below $1,000 per twenty-foot unit for the first time since March 2009 due to low volumes and fierce competition, shipping body BIMCO said. The global shipping industry recovered in 20
Published 27 Mar, 2011 12:00am
Oil cake market rates

Oil cake market rates

Mixed trend was seen on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The March vaida that had closed at Rs 1325.90 opened with a gain of 30 paisa at Rs 1326.20. The May contract which closed at Rs 1420.80 opened a
Published 27 Mar, 2011 12:00am
Minor changes seen on lacklustre grain market

Minor changes seen on lacklustre grain market

Some fluctuations were witnessed on the wholesales grain market on Saturday as buyers were reluctant in making new deals despite the lower rates, dealers said. Only one change was seen on the cereal side, wheat Bardan old and new shed Rs 35 to Rs 252-2540
Published 27 Mar, 2011 12:00am
Canadian canola posts 1.5 percent weekly gain

Canadian canola posts 1.5 percent weekly gain

ICE Canadian canola futures rose on Friday and recorded a 1.5 percent weekly gain, as investors continued to sit on the sidelines ahead of a crucial US plantings report next week. Total volume on Friday was about 10,400 contracts. Averaged about 12,100 co
Published 27 Mar, 2011 12:00am
Industry Review 2010

Industry Review 2010

EDITOR'S NOTE: The country's economy - a semi-industrialized economy - is in shambles on account of a variety of factors. One of the key areas of economy - Industrial Sector, which is also known in economics parlance as the Secondary Sector
Published 27 Mar, 2011 12:00am
Industry Review 2010

Industry Review 2010

EDITOR'S NOTE: The country's economy - a semi-industrialized economy - is in shambles on account of a variety of factors. One of the key areas of economy - Industrial Sector, which is also known in economics parlance as the Secondary Sector
Published 27 Mar, 2011 12:00am
Industry Review 2010

Industry Review 2010

EDITOR''S NOTE: The country''s economy - a semi-industrialized economy - is in shambles on account of a variety of factors. One of the key areas of economy - Industrial Sector, which is also known in economics parlance as the Secondary Secto
Published 27 Mar, 2011 12:00am
Time for new industrial order

Time for new industrial order

'Short-termism' not terrorism is the biggest dampener of long-term investor confidence in Pakistan; whimsical changes in the often irrational policies keep the economy from gaining dividends of its promising demographics.
Published 27 Mar, 2011 12:00am
Time for new industrial order

Time for new industrial order

'Short-termism' not terrorism is the biggest dampener of long-term investor confidence in Pakistan; whimsical changes in the often irrational policies keep the economy from gaining dividends of its promising demographics.
Published 27 Mar, 2011 12:00am
Time for new industrial order

Time for new industrial order

''Short-termism'' not terrorism is the biggest dampener of long-term investor confidence in Pakistan; whimsical changes in the often irrational policies keep the economy from gaining dividends of its promising demographics.
Published 27 Mar, 2011 12:00am
Consistency: the moist-loved word of Industrialists

Consistency: the moist-loved word of Industrialists

Altaf Saleem, Chairman, Shakarganj Foundation, served as Federal Minister for Privatisation and Chairman, Privatisation Commission during 1999-2002. Saleem has had a strong affiliation with education, and was the founder Chairman of National Vocational an
Published 27 Mar, 2011 12:00am
Consistency: the moist-loved word of Industrialists

Consistency: the moist-loved word of Industrialists

Altaf Saleem, Chairman, Shakarganj Foundation, served as Federal Minister for Privatisation and Chairman, Privatisation Commission during 1999-2002. Saleem has had a strong affiliation with education, and was the founder Chairman of National Vocational an
Published 27 Mar, 2011 12:00am
Consistency: the moist-loved word of Industrialists

Consistency: the moist-loved word of Industrialists

Altaf Saleem, Chairman, Shakarganj Foundation, served as Federal Minister for Privatisation and Chairman, Privatisation Commission during 1999-2002. Saleem has had a strong affiliation with education, and was the founder Chairman of National Vocational an
Published 27 Mar, 2011 12:00am
Difficult times for Organised sector

Difficult times for Organised sector

Since 1984, Tariq Sayeed Saigol has been Chairman of the Kohinoor Maple Leaf Group, which has interests in textiles, cement manufacturing and energy.
Published 27 Mar, 2011 12:00am
Difficult times for Organised sector

Difficult times for Organised sector

Since 1984, Tariq Sayeed Saigol has been Chairman of the Kohinoor Maple Leaf Group, which has interests in textiles, cement manufacturing and energy.
Published 27 Mar, 2011 12:00am
Difficult times for Organised sector

Difficult times for Organised sector

Since 1984, Tariq Sayeed Saigol has been Chairman of the Kohinoor Maple Leaf Group, which has interests in textiles, cement manufacturing and energy.
Published 27 Mar, 2011 12:00am
Rent-seeking in Pakistan

Rent-seeking in Pakistan

A large number of Pakistani industries has been protected and pampered for too long and the result, in many cases, is that even after decades of protection, these industries stay small, inefficient, without scale economics and are not able to export.
Published 27 Mar, 2011 12:00am
Rent-seeking in Pakistan

Rent-seeking in Pakistan

A large number of Pakistani industries has been protected and pampered for too long and the result, in many cases, is that even after decades of protection, these industries stay small, inefficient, without scale economics and are not able to export.
Published 27 Mar, 2011 12:00am
Rent-seeking in Pakistan

Rent-seeking in Pakistan

A large number of Pakistani industries has been protected and pampered for too long and the result, in many cases, is that even after decades of protection, these industries stay small, inefficient, without scale economics and are not able to export.
Published 27 Mar, 2011 12:00am
Hydrocarbons: gagged by law and order

Hydrocarbons: gagged by law and order

Mohammad Naeem Malik, Managing Director and CEO of the Oil & Gas Development Company, is a Chemical Engineer by profession, with 30 years of experience in the petroleum sector. He joined the Ministry of Petroleum & Natural Resources in 1981, where he work
Published 27 Mar, 2011 12:00am
Hydrocarbons: gagged by law and order

Hydrocarbons: gagged by law and order

Mohammad Naeem Malik, Managing Director and CEO of the Oil & Gas Development Company, is a Chemical Engineer by profession, with 30 years of experience in the petroleum sector. He joined the Ministry of Petroleum & Natural Resources in 1981, where he work
Published 27 Mar, 2011 12:00am
Hydrocarbons: gagged by law and order

Hydrocarbons: gagged by law and order

Mohammad Naeem Malik, Managing Director and CEO of the Oil & Gas Development Company, is a Chemical Engineer by profession, with 30 years of experience in the petroleum sector. He joined the Ministry of Petroleum & Natural Resources in 1981, where he work
Published 27 Mar, 2011 12:00am
Manufacturers jolted by energy shortages

Manufacturers jolted by energy shortages

The biggest and the most worrisome of the crises that Pakistan faces today, is the energy crisis that has adversely impacted economic growth in more than one ways; from a slowdown in industrial production, to unemployment, inflation and social unrest.
Published 27 Mar, 2011 12:00am
Manufacturers jolted by energy shortages

Manufacturers jolted by energy shortages

The biggest and the most worrisome of the crises that Pakistan faces today, is the energy crisis that has adversely impacted economic growth in more than one ways; from a slowdown in industrial production, to unemployment, inflation and social unrest.
Published 27 Mar, 2011 12:00am
Manufacturers jolted by energy shortages

Manufacturers jolted by energy shortages

The biggest and the most worrisome of the crises that Pakistan faces today, is the energy crisis that has adversely impacted economic growth in more than one ways; from a slowdown in industrial production, to unemployment, inflation and social unrest.
Published 27 Mar, 2011 12:00am
Crude realities of refining business

Crude realities of refining business

Adil Khattak, CEO of Attock Refinery, has been associated with the Attock Oil Group in Pakistan for the last 34 years. He also serves as CEO of Attock General, Attock Hospital, and National Cleaner Production Centre.
Published 27 Mar, 2011 12:00am
Crude realities of refining business

Crude realities of refining business

Adil Khattak, CEO of Attock Refinery, has been associated with the Attock Oil Group in Pakistan for the last 34 years. He also serves as CEO of Attock General, Attock Hospital, and National Cleaner Production Centre.
Published 27 Mar, 2011 12:00am
Prime Minister to visit India

Prime Minister to visit India

Prime Minister Syed Yousuf Raza Gilani will visit India to watch World Cup semi final cricket match between Pakistan and India, a news channel reported. It was decided in a meeting between President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gil
Published 27 Mar, 2011 12:00am
Crude realities of refining business

Crude realities of refining business

Adil Khattak, CEO of Attock Refinery, has been associated with the Attock Oil Group in Pakistan for the last 34 years. He also serves as CEO of Attock General, Attock Hospital, and National Cleaner Production Centre.
Published 27 Mar, 2011 12:00am
Uzbekistan to provide one million cotton bales

Uzbekistan to provide one million cotton bales

After hectic efforts of Prime Minister Yousuf Raza Gilani, the Uzbekistan government has agreed to provide one million cotton bales to Pakistan by 30th June 2011. All Pakistan Textile Mills Association (Aptma) Chairman Gohar Ejaz said on Saturday that the
Published 27 Mar, 2011 12:00am
Crusading against counterfeit products

Crusading against counterfeit products

Bashir Ali Mohammad is the Chairman of Gul Ahmed Textile Mills Limited, as well as a director of Gul Ahmed Energy Limited and Habib Metropolitan Bank Limited. He is also the first Pakistani to hold the office of the President of International Textile Manu
Published 27 Mar, 2011 12:00am
Uzbekistan to provide one million cotton bales

Uzbekistan to provide one million cotton bales

After hectic efforts of Prime Minister Yousuf Raza Gilani, the Uzbekistan government has agreed to provide one million cotton bales to Pakistan by 30th June 2011. All Pakistan Textile Mills Association (Aptma) Chairman Gohar Ejaz said on Saturday that the
Published 27 Mar, 2011 12:00am
Crusading against counterfeit products

Crusading against counterfeit products

Bashir Ali Mohammad is the Chairman of Gul Ahmed Textile Mills Limited, as well as a director of Gul Ahmed Energy Limited and Habib Metropolitan Bank Limited. He is also the first Pakistani to hold the office of the President of International Textile Manu
Published 27 Mar, 2011 12:00am
Uzbekistan to provide one million cotton bales

Uzbekistan to provide one million cotton bales

After hectic efforts of Prime Minister Yousuf Raza Gilani, the Uzbekistan government has agreed to provide one million cotton bales to Pakistan by 30th June 2011. All Pakistan Textile Mills Association (Aptma) Chairman Gohar Ejaz said on Saturday that the
Published 27 Mar, 2011 12:00am
Crusading against counterfeit products

Crusading against counterfeit products

Bashir Ali Mohammad is the Chairman of Gul Ahmed Textile Mills Limited, as well as a director of Gul Ahmed Energy Limited and Habib Metropolitan Bank Limited. He is also the first Pakistani to hold the office of the President of International Textile Manu
Published 27 Mar, 2011 12:00am
Sri Lanka take semis berth

Sri Lanka take semis berth

Openers Tillakaratne Dilshan and Upul Tharanga hit brilliant hundreds to guide Sri Lanka to an emphatic 10-wicket win over England which eased them into the World Cup semi-finals on Saturday. The 1996 champions restricted England to 229-6 before romping h
Published 27 Mar, 2011 12:00am
Cracking the code of textile woes

Cracking the code of textile woes

In Pakistan's major cities, the heat is on designer lawns. All across the big cities, billboards have turned exciting, some even a bit racy, as big and small players flash their designs to cash in on the lawn craze. But behind this colourful picture, ther
Published 27 Mar, 2011 12:00am
Policy rate unchanged at 14 percent

Policy rate unchanged at 14 percent

The State Bank of Pakistan (SBP) on Saturday announced that it had decided to keep its existing key policy rate unchanged at 14 percent for the next two months. This decision was taken at a meeting of the Central Board of Directors of State Bank of Pakist
Published 27 Mar, 2011 12:00am
Cracking the code of textile woes

Cracking the code of textile woes

In Pakistan's major cities, the heat is on designer lawns. All across the big cities, billboards have turned exciting, some even a bit racy, as big and small players flash their designs to cash in on the lawn craze. But behind this colourful picture, ther
Published 27 Mar, 2011 12:00am
Policy rate unchanged at 14 percent

Policy rate unchanged at 14 percent

The State Bank of Pakistan (SBP) on Saturday announced that it had decided to keep its existing key policy rate unchanged at 14 percent for the next two months. This decision was taken at a meeting of the Central Board of Directors of State Bank of Pakist
Published 27 Mar, 2011 12:00am
Cracking the code of textile woes

Cracking the code of textile woes

In Pakistan''s major cities, the heat is on designer lawns. All across the big cities, billboards have turned exciting, some even a bit racy, as big and small players flash their designs to cash in on the lawn craze. But behind this colourful picture, the
Published 27 Mar, 2011 12:00am
Policy rate unchanged at 14 percent

Policy rate unchanged at 14 percent

The State Bank of Pakistan (SBP) on Saturday announced that it had decided to keep its existing key policy rate unchanged at 14 percent for the next two months. This decision was taken at a meeting of the Central Board of Directors of State Bank of Pakist
Published 27 Mar, 2011 12:00am
Textile trade statistics: useful to whom?

Textile trade statistics: useful to whom?

Pakistan's export statistics are ceremoniously released to the press at the end of every month. The media readily scoop this important news and headlines in almost all the newspapers inform their readers that exports (especially textiles) are growing at b
Published 27 Mar, 2011 12:00am
SBP warns against delay in release of external flows

SBP warns against delay in release of external flows

The State Bank of Pakistan has warned that if external flows are not released timely, there is a risk of further substantial government borrowings from the banking system, making liquidity management challenging. According the SBP monetary policy announce
Published 27 Mar, 2011 12:00am
Textile trade statistics: useful to whom?

Textile trade statistics: useful to whom?

Pakistan's export statistics are ceremoniously released to the press at the end of every month. The media readily scoop this important news and headlines in almost all the newspapers inform their readers that exports (especially textiles) are growing at b
Published 27 Mar, 2011 12:00am
SBP warns against delay in release of external flows

SBP warns against delay in release of external flows

The State Bank of Pakistan has warned that if external flows are not released timely, there is a risk of further substantial government borrowings from the banking system, making liquidity management challenging. According the SBP monetary policy announce
Published 27 Mar, 2011 12:00am
Textile trade statistics: useful to whom?

Textile trade statistics: useful to whom?

Pakistan''s export statistics are ceremoniously released to the press at the end of every month. The media readily scoop this important news and headlines in almost all the newspapers inform their readers that exports (especially textiles) are growing at
Published 27 Mar, 2011 12:00am
SBP warns against delay in release of external flows

SBP warns against delay in release of external flows

The State Bank of Pakistan has warned that if external flows are not released timely, there is a risk of further substantial government borrowings from the banking system, making liquidity management challenging. According the SBP monetary policy announce
Published 27 Mar, 2011 12:00am
Small players often perform better

Small players often perform better

Nadeem Abdullah, Chief Executive of Sapphire Textile Mills Ltd, is a graduate from McGill University, Canada, and has been leading his business concern since the last 29 years. In his stewardship, the company has achieved consistent growth while maintaini
Published 27 Mar, 2011 12:00am
Interest payments consume 45 percent of tax revenue

Interest payments consume 45 percent of tax revenue

The State Bank of Pakistan has revealed that 45 percent of the tax revenue is being absorbed by interest payments. According to SBP Monetary Policy released on Saturday the rise in public debt with a considerable short-term maturity profile combined with
Published 27 Mar, 2011 12:00am
Small players often perform better

Small players often perform better

Nadeem Abdullah, Chief Executive of Sapphire Textile Mills Ltd, is a graduate from McGill University, Canada, and has been leading his business concern since the last 29 years. In his stewardship, the company has achieved consistent growth while maintaini
Published 27 Mar, 2011 12:00am
Interest payments consume 45 percent of tax revenue

Interest payments consume 45 percent of tax revenue

The State Bank of Pakistan has revealed that 45 percent of the tax revenue is being absorbed by interest payments. According to SBP Monetary Policy released on Saturday the rise in public debt with a considerable short-term maturity profile combined with
Published 27 Mar, 2011 12:00am
Small players often perform better

Small players often perform better

Nadeem Abdullah, Chief Executive of Sapphire Textile Mills Ltd, is a graduate from McGill University, Canada, and has been leading his business concern since the last 29 years. In his stewardship, the company has achieved consistent growth while maintaini
Published 27 Mar, 2011 12:00am
Interest payments consume 45 percent of tax revenue

Interest payments consume 45 percent of tax revenue

The State Bank of Pakistan has revealed that 45 percent of the tax revenue is being absorbed by interest payments. According to SBP Monetary Policy released on Saturday the rise in public debt with a considerable short-term maturity profile combined with
Published 27 Mar, 2011 12:00am
Pharma industry lacking direction

Pharma industry lacking direction

Salman Burney has been the Managing Director of GlaxoSmithKline Pakistan Limited since SmithKline Beecham's merger with GlaxoWellcome in 2001. A graduate from the University of Cambridge, Burney also has regional management responsibility for Iran & Afgha
Published 27 Mar, 2011 12:00am
MPS: bumpy road ahead!

MPS: bumpy road ahead!

That the discount rate remains unchanged for the next two months is no breaking news; it was widely expected. The catch is in the wordings of the central bank governor. Unlike last time, when optimism, as regards the promises of his fiscal counterparts, w
Published 27 Mar, 2011 12:00am
Pharma industry lacking direction

Pharma industry lacking direction

Salman Burney has been the Managing Director of GlaxoSmithKline Pakistan Limited since SmithKline Beecham's merger with GlaxoWellcome in 2001. A graduate from the University of Cambridge, Burney also has regional management responsibility for Iran & Afgha
Published 27 Mar, 2011 12:00am
MPS: bumpy road ahead!

MPS: bumpy road ahead!

That the discount rate remains unchanged for the next two months is no breaking news; it was widely expected. The catch is in the wordings of the central bank governor. Unlike last time, when optimism, as regards the promises of his fiscal counterparts, w
Published 27 Mar, 2011 12:00am
Pharma industry lacking direction

Pharma industry lacking direction

Salman Burney has been the Managing Director of GlaxoSmithKline Pakistan Limited since SmithKline Beecham''s merger with GlaxoWellcome in 2001. A graduate from the University of Cambridge, Burney also has regional management responsibility for Iran & Afgh
Published 27 Mar, 2011 12:00am
MPS: bumpy road ahead!

MPS: bumpy road ahead!

That the discount rate remains unchanged for the next two months is no breaking news; it was widely expected. The catch is in the wordings of the central bank governor. Unlike last time, when optimism, as regards the promises of his fiscal counterparts, w
Published 27 Mar, 2011 12:00am
Staying afloat in tough times

Staying afloat in tough times

Pakistan's pharma industry has been subject to sticky prices since 2001 for the bulk of the registered products, which has led to a combination of reduced profitability across the industry and reduced access to patients of low priced primary care therapie
Published 27 Mar, 2011 12:00am
Composite Dialogue: talks begin on March 28

Composite Dialogue: talks begin on March 28

After a deadlock for around two and half years, Pakistan and India will finally come on dialogue table on March 28 to resume composite dialogue. The interior secretaries-level talks will be held in New Delhi on a host of issues including terrorism, visa p
Published 27 Mar, 2011 12:00am
Staying afloat in tough times

Staying afloat in tough times

Pakistan's pharma industry has been subject to sticky prices since 2001 for the bulk of the registered products, which has led to a combination of reduced profitability across the industry and reduced access to patients of low priced primary care therapie
Published 27 Mar, 2011 12:00am
Composite Dialogue: talks begin on March 28

Composite Dialogue: talks begin on March 28

After a deadlock for around two and half years, Pakistan and India will finally come on dialogue table on March 28 to resume composite dialogue. The interior secretaries-level talks will be held in New Delhi on a host of issues including terrorism, visa p
Published 27 Mar, 2011 12:00am
Staying afloat in tough times

Staying afloat in tough times

Pakistan''s pharma industry has been subject to sticky prices since 2001 for the bulk of the registered products, which has led to a combination of reduced profitability across the industry and reduced access to patients of low priced primary care therapi
Published 27 Mar, 2011 12:00am
Gilani, Manmohan to discuss all thorny issues

Gilani, Manmohan to discuss all thorny issues

Prime Minister Syed Yousuf Raza Gilani and his Indian counterpart Dr Manmohan Singh are expected to discuss water, trade, terrorism, Indian involvement in Balochistan unrest and other thorny issues such as Kashmir, Siachin and Sir Creek on the sidelines o
Published 27 Mar, 2011 12:00am
The issues behind drug pricing

The issues behind drug pricing

Osman Waheed, President, Ferozsons Laboratories Limited for over a decade, established Pakistan's first Biotech Pharmaceutical manufacturing company, and the first ever Joint Venture between Pakistan and Latin America by the name of BF Biosciences Limited
Published 27 Mar, 2011 12:00am
Gilani, Manmohan to discuss all thorny issues

Gilani, Manmohan to discuss all thorny issues

Prime Minister Syed Yousuf Raza Gilani and his Indian counterpart Dr Manmohan Singh are expected to discuss water, trade, terrorism, Indian involvement in Balochistan unrest and other thorny issues such as Kashmir, Siachin and Sir Creek on the sidelines o
Published 27 Mar, 2011 12:00am
The issues behind drug pricing

The issues behind drug pricing

Osman Waheed, President, Ferozsons Laboratories Limited for over a decade, established Pakistan's first Biotech Pharmaceutical manufacturing company, and the first ever Joint Venture between Pakistan and Latin America by the name of BF Biosciences Limited
Published 27 Mar, 2011 12:00am
Arrest warrants of Musharraf: Pakistan to contact Interpol

Arrest warrants of Musharraf: Pakistan to contact Interpol

Pakistan has decided to contact Interpol for circulation of global arrest warrants of former military dictator General Pervez Musharraf (Retd) in Benazir Bhutto assassination case, as it has no extradition treaty with the United Kingdom.
Published 27 Mar, 2011 12:00am
The issues behind drug pricing

The issues behind drug pricing

Osman Waheed, President, Ferozsons Laboratories Limited for over a decade, established Pakistan''s first Biotech Pharmaceutical manufacturing company, and the first ever Joint Venture between Pakistan and Latin America by the name of BF Biosciences Limite
Published 27 Mar, 2011 12:00am
Arrest warrants of Musharraf: Pakistan to contact Interpol

Arrest warrants of Musharraf: Pakistan to contact Interpol

Pakistan has decided to contact Interpol for circulation of global arrest warrants of former military dictator General Pervez Musharraf (Retd) in Benazir Bhutto assassination case, as it has no extradition treaty with the United Kingdom.
Published 27 Mar, 2011 12:00am
The road to recovery for ailing pharma industry

The road to recovery for ailing pharma industry

Pakistan's pharmaceutical industry is one of the largest industries of the country, exporting drugs to 60 countries all over the world and providing direct and indirect employment to 5 million people. The industry comprises of multinational companies (MNC
Published 27 Mar, 2011 12:00am
The road to recovery for ailing pharma industry

The road to recovery for ailing pharma industry

Pakistan's pharmaceutical industry is one of the largest industries of the country, exporting drugs to 60 countries all over the world and providing direct and indirect employment to 5 million people. The industry comprises of multinational companies (MNC
Published 27 Mar, 2011 12:00am
The road to recovery for ailing pharma industry

The road to recovery for ailing pharma industry

Pakistan''s pharmaceutical industry is one of the largest industries of the country, exporting drugs to 60 countries all over the world and providing direct and indirect employment to 5 million people. The industry comprises of multinational companies (MN
Published 27 Mar, 2011 12:00am
TI Pakistan seeks clarifications on exemptions of PPRA rules

TI Pakistan seeks clarifications on exemptions of PPRA rules

Transparency International Pakistan has sought clarification from Secretary Finance for alleged violation of Public Procurement Regulatory Rules (PPRA) 2004 in award of projects like 1100 MW Kohala hydropower project and Safe City Islamabad project.
Published 27 Mar, 2011 12:00am
Of intellectual property rights and tepid enforcement

Of intellectual property rights and tepid enforcement

Perhaps the only way to solve a problem is to take small steps to ultimately resolve it. Having said that, it is quite common in Pakistan to take small steps and leave it at that and ultimately lose sight of the problem itself. That is also the story of l
Published 27 Mar, 2011 12:00am
TI Pakistan seeks clarifications on exemptions of PPRA rules

TI Pakistan seeks clarifications on exemptions of PPRA rules

Transparency International Pakistan has sought clarification from Secretary Finance for alleged violation of Public Procurement Regulatory Rules (PPRA) 2004 in award of projects like 1100 MW Kohala hydropower project and Safe City Islamabad project.
Published 27 Mar, 2011 12:00am
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