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Archive - 2011-04-01
Ford beats GM in US auto sales race
Top News

Ford beats GM in US auto sales race

CHICAGO: Ford knocked General Motors out of the top spot for US auto sales last month, a feat it had managed only once b
Published 01 Apr, 2011 10:50pm
US manufacturing growth slows
Top News

US manufacturing growth slows

WASHINGTON: Growth in the US manufacturing sector slowed in March, as new orders grew less quickly than before and manag
Published 01 Apr, 2011 03:48pm
SBP to buy govt paper in reverse repo
Top News

SBP to buy govt paper in reverse repo

KARACHI: State bank of Pakistan (SBP) said it would buy government paper from commercial banks on Friday in 7-day revers
Published 01 Apr, 2011 11:15am
Libya rebels pen oil deal with Qatar
Top News

Libya rebels pen oil deal with Qatar

BENGHAZI: Libyan rebels have penned a deal with Qatar to market their crude oil abroad in exchange for food, medicine an
Published 01 Apr, 2011 08:42am
Hong Kong shares up 0.21%
Financial

Hong Kong shares up 0.21%

HONG KONG: Hong Kong shares gained 0.21 percent in  early trade Friday, with the Hang Seng Index up 49.19 points to 23,5
Published 01 Apr, 2011 05:42am
Tokyo shares lower at noon
Financial

Tokyo shares lower at noon

TOKYO: Tokyo shares lost ground by noon Friday as the new financial year began under the shadow of an unresolved nuclear
Published 01 Apr, 2011 05:40am
CEO of Taiwan's Acer resigns
Industry

CEO of Taiwan's Acer resigns

TAIPEI: The chief executive of Taiwan's leading personal computer maker Acer Inc. has resigned, the company said Friday,
Published 01 Apr, 2011 03:30am
Celebrate aid-dependency?
BR Research

Celebrate aid-dependency?

Many might look at the $650 million and $125 million loans approved by the Asian Development Bank and World Bank through rose-tinted glasses
Published 01 Apr, 2011 12:00am
Tax and the trust deficit
BR Research

Tax and the trust deficit

If there is one thing the present government is consistent in, its inconsistency. For the nth time, in its three years of rule, the governme
Published 01 Apr, 2011 12:00am
Don gobble the dim sums too soon
BR Research

Don gobble the dim sums too soon

After the Samurai bonds and the Kangaroo bonds issued by foreign companies in Japan and Australia, a new breed of the corporate debt instrum
Published 01 Apr, 2011 12:00am
Textile industry: new sales tax regime likely from today

Textile industry: new sales tax regime likely from today

A new regime of sales tax is likely to be in place from 1st April 2011 and all credit goes to the young and dynamic Aptma leadership for leading the industry and steering the situation in the right direction with the help of Federal Board of Revenue (FBR)
Published 01 Apr, 2011 12:00am
'Afridi pulls out of West Indies tour'

'Afridi pulls out of West Indies tour'

Pakistan World Cup captain Shahid Afridi has withdrawn from next month's tour to West Indies, a source at the national cricket board told Reuters on Thursday. The Pakistan Cricket Board (PCB) source, who declined to be identified, said the 31-year-old all
Published 01 Apr, 2011 12:00am
First Punjab exposition to begin from April 4

First Punjab exposition to begin from April 4

The 3-day First Punjab Expo 2011, as a part of the Lahore Shopping Festival activities, will commence from April 4 at the Lahore Expo Centre in which about 250 renowned business groups would showcase their products. The theme of the exhibition would be "M
Published 01 Apr, 2011 12:00am
Deteriorating law and order situation: KCCI calls for strike on April 5

Deteriorating law and order situation: KCCI calls for strike on April 5

President Karachi Chamber of Commerce and Industry (KCCI) Saeed Shafiq has given a strike call on April 5th and urged the government to hand over the city to army to maintain law and order in the city. He also announced closure of National Crises Manageme
Published 01 Apr, 2011 12:00am
Release of Davis: LHC seeks replies from federal, provincial governments

Release of Davis: LHC seeks replies from federal, provincial governments

The Lahore High Court here on Thursday sought replies till April 8 from federal and provincial governments in an application seeking permission to make the government party for sending Raymond Davis abroad without court permission which had put his name o
Published 01 Apr, 2011 12:00am
Parliamentary body on judges' appointment to meet on April 7

Parliamentary body on judges' appointment to meet on April 7

The Senate was informed on Thursday that Parliamentary Committee on Judges Appointment would meet on April 07 to thoroughly discuss the detailed order of the Supreme Court in which the court overruled recommendations of the body and granted extension to s
Published 01 Apr, 2011 12:00am
Meeting welcomes new BISEK Chairman

Meeting welcomes new BISEK Chairman

A meeting was held in the Board of Intermediate and Secondary Education, Karachi (BISEK) to welcome Professor Anwar Ahmed Zai as new Chairman of the Board. The meeting held on Thursday, was attended by Professor Anwar Ahmed Zai, Chairman Sindhi Technical
Published 01 Apr, 2011 12:00am
PIC functioning smoothly

PIC functioning smoothly

The medical superintendent, Punjab Institute of Cardiology (PIC) has said all the departments of PIC are functioning smoothly and necessary healthcare services are being provided to the heart patients. He further said that 219 patients were treated in eme
Published 01 Apr, 2011 12:00am
Japanese Ambassador calls on President Zardari

Japanese Ambassador calls on President Zardari

Chihiro Atsumi, Japanese Ambassador, called on President Asif Ali Zardari at Aiwan-e-Sadr on Thursday. Current situation in Japan in the aftermath of destructive earthquake and tsunami and the bilateral relations of the two countries were discussed during
Published 01 Apr, 2011 12:00am
KITBA proposes several amendments to Ordinances

KITBA proposes several amendments to Ordinances

In a move to resolve the problems being faced by the taxpayers after the promulgation of amended ordinances 2011, the Karachi Income Tax Bar Association (KITBA) has demanded of the Federal Board of Revenue to make these ordinances effective from March 16,
Published 01 Apr, 2011 12:00am
Traders demonstrate against extortionists

Traders demonstrate against extortionists

A large number of traders on Thursday staged a protest demonstration at M A Jinnah Road to express resentments against the extortionist mafias of Karachi. The traders of Tyre Market, Orangzaib Market, Akbar Market and Jamia Cloth Market closed their shops
Published 01 Apr, 2011 12:00am
Police care for its personnel's welfare

Police care for its personnel's welfare

Sindh police can perform better if there is no political pressure on it, Fehmida Abbasi, DSP Welfare Sindh Police, said here on Thursday. Earlier the political parties pressurised the departments to hire their nominees against various positions but now th
Published 01 Apr, 2011 12:00am
Status of SRO 509 (I) 2007 to be maintained

Status of SRO 509 (I) 2007 to be maintained

Federal Board of Revenue (FBR), as a consequence of the previous series of meetings with representatives of Karachi Chamber of Commerce and Industry (KCCI) and other stakeholders which was concluded in a final meeting held at Islamabad on Saturday, 26th M
Published 01 Apr, 2011 12:00am
Status of SRO 509 (I) 2007 to be maintained

Status of SRO 509 (I) 2007 to be maintained

Federal Board of Revenue (FBR), as a consequence of the previous series of meetings with representatives of Karachi Chamber of Commerce and Industry (KCCI) and other stakeholders which was concluded in a final meeting held at Islamabad on Saturday, 26th M
Published 01 Apr, 2011 12:00am
NIB Bank, Western Union ink accord

NIB Bank, Western Union ink accord

NIB Bank has signed an agreement with Western Union, a world-wide leader in money transfer services. This alliance allows the bank to provide Western Union Money Transfer Service through the bank's 179 branches in Pakistan, which covers 60 cities of the c
Published 01 Apr, 2011 12:00am
Police arrest six person, recover pistols, liquors

Police arrest six person, recover pistols, liquors

Islamabad Police arrested six persons from different areas of the city and recovered three pistols, 208 bottles of liquor, caps and badges of police uniform from their possession, said Naeem Iqbal spokesman of Islamabad Police here on Thursday.Reacting on
Published 01 Apr, 2011 12:00am
Kashmir only hurdle in Pak-India cordial relations: Yasin Malik

Kashmir only hurdle in Pak-India cordial relations: Yasin Malik

Chairman of Jammu and Kashmir Liberation Front (JKLF), Muhammad Yasin Malik, has said that the Kashmir dispute is the only hurdle in cordial relations between Pakistan and India, which can also disturb peace of the South Asia in Indian Held Kashmir.
Published 01 Apr, 2011 12:00am
JIT formed to probe into attack on Fazl

JIT formed to probe into attack on Fazl

Federal Minister for Interior, Rehman Malik constituted a joint investigation team (JIT) to probe into the suicide attacks on Maulana Fazlur Rehman, Chief of his own faction of Jamiat Ulema-e-Islam (JUI) and directed the team to submit final findings of t
Published 01 Apr, 2011 12:00am
New operational plan devised to control crimes

New operational plan devised to control crimes

National Highway and Motorway Police (NH&MP) North Zone (N-5) has devised a new operational plan to control crimes and reduce accidents on Grand Trunk (GT) Road. This was stated by Abbas Hussain Malick Deputy Inspector General (DIG) Motorway Police N-5 wh
Published 01 Apr, 2011 12:00am
Cricket diplomacy brings Pakistan, India closer: Firdous

Cricket diplomacy brings Pakistan, India closer: Firdous

Federal Minister for Information and Broadcasting Firdous Ashiq Awan said on Thursday that the cricket diplomacy had brought Pakistan and India closer to resolve all outstanding issues, including the Kashmir dispute, for peace in the region. "Message from
Published 01 Apr, 2011 12:00am
LPG jumps to $890 per ton for April

LPG jumps to $890 per ton for April

The international price of liquefied petroleum gas (LPG) has jumped by $37 to $890 per ton for April 2011 due to crisis in the Middle East, raising its import price by Rs 3,750 to Rs 89,000 per ton in the country. This was stated by the chairman of FPCCI
Published 01 Apr, 2011 12:00am
Sindh University rusticates four students

Sindh University rusticates four students

The University of Sindh has rusticated its four students and their entry on the campus has been banned for the period of five-year on the basis of their involvement in use of arms and injuring students on Wednesday late evening. According to university so
Published 01 Apr, 2011 12:00am
Another lawyer abducted in Balochistan

Another lawyer abducted in Balochistan

Unidentified kidnappers have abducted another lawyer of Balochistan. Reports reaching on Thursday said lawyer Farzand Ali advocate was traveling in a vehicle from Quetta to Karachi when unidentified armed men intercepted him on National Highway in Sorab a
Published 01 Apr, 2011 12:00am
Commodity prices fluctuated in March

Commodity prices fluctuated in March

The prices of essential commodities showed mixed trend during March 2011 with the prices of 27 of 52 commodities monitored by FAFEN registering an increase, as compared to the prices of these commodities in February 2011, according to FAFEN Retail Price M
Published 01 Apr, 2011 12:00am
Proactive strategy helps reduce crime in Islamabad

Proactive strategy helps reduce crime in Islamabad

The renewed efforts and proactive strategy of Islamabad Police helped in declining the overall crime in the Federal Capital during last three-month as 299 cases of illegal arms and drug pushing were registered, besides rounding up 523 outlaws from whom hu
Published 01 Apr, 2011 12:00am
Naveed Saeed wins APNS award

Naveed Saeed wins APNS award

Naveed Saeed, Senior Executive Vice President, Commercial, Pakistan Teleco-mmunication Company (Pvt) Limited won Best Corporate Communications and PR Award at the 21st All Pakistan Newspapers Society (APNS) annual awards ceremony held at President's House
Published 01 Apr, 2011 12:00am
President condemns blast in Charsadda

President condemns blast in Charsadda

President Asif Ali Zardari on Thursday strongly condemned the bomb blast in Charsadda that killed several people. The President expressed his condolences with the families of those who lost their lives in the dastardly terrorist act.
Published 01 Apr, 2011 12:00am
US embassy condemns attack

US embassy condemns attack

The United States Embassy in Pakistan strongly condemns Thursday's terrorist attack in Charsadda, which brutally killed at least 10 innocent people and wounded many others. We offer our sincere condolences to the families and friends of the victims.
Published 01 Apr, 2011 12:00am
'Attack conspiracy to sabotage political atmosphere'

'Attack conspiracy to sabotage political atmosphere'

President ANP, Asfandyar Wali Khan and Provincial President, Senator Afrasyab Khattak while expressing their strong reaction over suicide attack on JUI-F chief, Maulana Fazlur Rehman, said on Thursday that its was deep conspiracy to sabotage political atm
Published 01 Apr, 2011 12:00am
Russian Center organises painting contest

Russian Center organises painting contest

Russian Center of Science & Culture in Karachi has organised a painting contest on the topic of "Cosmos and outer space explorations" for the students of Karachi schools, dedicated to the 50th anniversary of the first manned space flight by Y.Gagarin.
Published 01 Apr, 2011 12:00am
IDPs observe World Tuberculosis Day

IDPs observe World Tuberculosis Day

Pakistan Village Development Programme (PVDP) in collaboration with Unicef organised a function in Jalozai IDPs camp to observe World TB Day. The purpose of the function was to create awareness amongst the IDPs of Bajaur Agency against the deadly disease
Published 01 Apr, 2011 12:00am
President convenes National Assembly session on April 11

President convenes National Assembly session on April 11

President Asif Ali Zardari on Thursday summoned the session of the National Assembly on April 11, 2011. According to National Assembly Secretariat sources, the three ordinances promulgated by President Asif Ali Zardari recently for levying 15 percent floo
Published 01 Apr, 2011 12:00am
'March for Education' campaign receiving huge response: Shahnaz

'March for Education' campaign receiving huge response: Shahnaz

The 'March for Education' campaign launched by the Pakistan Education Task Force, is receiving an overwhelming response from people belonging to all walks of life. In the past few days, the campaign has received huge response from young Pakistanis who are
Published 01 Apr, 2011 12:00am
PTC is now authorised IATA training centre in South Asia

PTC is now authorised IATA training centre in South Asia

PIA Training Centre (PTC) is now an authorized IATA Training Centre becoming the first IATA authorized Training Centre in South Asia. PIA in collaboration with IATA to provide quality training that will benefit the Travel, Cargo Agencies and Regional Airl
Published 01 Apr, 2011 12:00am
CTF-151's command handed-over to Singapore Navy

CTF-151's command handed-over to Singapore Navy

Commodore Abdul Aleem of Pakistan Navy handed over the command of CTF-151 to Rear Admiral Harris Weng Yip Chan, Republic of Singapore Navy after an eventful period of four months. The change of command took place onboard HMS CORNWALL alongside USS MASON,
Published 01 Apr, 2011 12:00am
Bogus voters on electoral rolls

Bogus voters on electoral rolls

National Database and Registration Authority (Nadra) has provided statistical evidence of what has been invariably alleged by losing candidates in our national, provincial and, indeed, bye-elections: the number of bogus voters is significant enough to cha
Published 01 Apr, 2011 12:00am
Cricket diplomacy

Cricket diplomacy

In fact, the get-together of prime ministers of Pakistan and India on the sidelines of the World Cup semi-final at Mohali wasn't the first of its kind between them; they had met twice before in similar settings at Sharm el-Sheikh and Thimphu expressing in
Published 01 Apr, 2011 12:00am
'Shameless' evasion of taxes

'Shameless' evasion of taxes

In the Subcontinent as elsewhere, the rich and mighty - greedy politicians, unscrupulous businessmen and dishonest civil-military bureaucrats - keep on singing the mantra of "patriotism" (sic) but remit millions abroad.
Published 01 Apr, 2011 12:00am
Budget cuts pummel public colleges and US standing

Budget cuts pummel public colleges and US standing

At the University of Central Florida, the provost's bi-monthly e-mails are now virtually required reading for 56,235 students. But they don't cover sports or campus fraternities. Instead they detail budget woes in Florida's capital and how they will affec
Published 01 Apr, 2011 12:00am
South-east Asia's auto industry sees gain from Japan's pain

South-east Asia's auto industry sees gain from Japan's pain

South-east Asia's integrated automotive assembly line has suffered a slight hiccup from Japan's earthquake disaster, but the disruption may benefit the region's auto industry in the long term, industry sources said. The March 11 earthquake, tsunami and nu
Published 01 Apr, 2011 12:00am
Allah's chastisement

Allah's chastisement

One more Indian spy, Gopal Daas, was released by the efforts of Ansar Barni. Earlier Ansar Barni secured the release of another spy, Kashmir Singh, in Pervez Musharraf's regime. This shows his great love for India. I am at a loss to understand where this
Published 01 Apr, 2011 12:00am
What went wrong at Mohali

What went wrong at Mohali

We are tired of seeing the same weaknesses in the team for years. Everyone expects pathetic wicket keeping, sloppy fielding and brittle batting from the Pakistan cricket team. Coaches whether they are local or foreign hardly make any impact. Everyone know
Published 01 Apr, 2011 12:00am
Dr A Q Khan to address LHCBA members

Dr A Q Khan to address LHCBA members

Dr Abdul Qadir Khan will address the members Lahore High Court Bar Association telephonically on Friday at the camp of the Save Judiciary Committee (SJC) on the occasion of his 75th birthday from Islamabad at about 10:30 am. Save judiciary Committee (SJC)
Published 01 Apr, 2011 12:00am
PEF launches 'Skill Development Programme'

PEF launches 'Skill Development Programme'

Punjab Education Foundation (PEF) has formally launched its "Skill Development Programme" (SDP) from Lahore. Under the programme, out of school up to 20 years old youth will be imparted free training in different professional skills including IT, hoteling
Published 01 Apr, 2011 12:00am
PTCL sets up public cash/card payment machines

PTCL sets up public cash/card payment machines

The Pakistan Telecommunication Company Limited (PTCL) has set up Public Cash/Card Payment Machines (PCPM) in the provincial metropolis in order to enable its customers to pay telephone bills. Senior Executive Vice President (Business) PTCL, Nasir Iqbal in
Published 01 Apr, 2011 12:00am
12-hour unscheduled power cuts: 110 units at SIE curtail production

12-hour unscheduled power cuts: 110 units at SIE curtail production

As many as 110 industrial units, established at the Sundar Industrial Estate (SIE) have curtailed their production mainly because of 12-hour unannounced and unscheduled power cuts to the estate causing a loss of millions of rupees to the national excheque
Published 01 Apr, 2011 12:00am
Doctors reject Khosa's offer

Doctors reject Khosa's offer

Young doctors have rejected the offer of Punjab Chief Minister's senior advisor Sardar Zulfikar Ali Khan Khosa who had promised to increase 15 percent salaries with effect from July Ist,2011 describing it too meagre to be accepted by them.
Published 01 Apr, 2011 12:00am
Asma Jahangir flayed for criticising judgements

Asma Jahangir flayed for criticising judgements

President Lahore High Court Bar Association (LHCBA) Asghar Ali Gill, countering criticism by Supreme Court Bar Association President, Asma Jahangir against the Supreme Court, said the bar supports the apex court and all its judgements. Asghar Gill said he
Published 01 Apr, 2011 12:00am
Punjab Assembly passes three bills in absence of opposition

Punjab Assembly passes three bills in absence of opposition

Punjab Assembly on Thursday in its 23rd session passed 'The Qarshi University, Muridke Bill 2010' and in addition further passed two pending bills 'Local Government (Amendment) Bill 2011', 'Revenue Relief and Consolidation Punjab Laws Amendment Bill 2011'
Published 01 Apr, 2011 12:00am
Nawaz to return home in first week of April

Nawaz to return home in first week of April

Pakistan Muslim League-Nawaz Chief, Nawaz Sharif is better now and coming back to Pakistan in the first week of April, said PML-N Chief Organiser Sindh, Salim Zia, here on Thursday. Talking to Business Recorder, Zia, who is former Sindh Law Minister, said
Published 01 Apr, 2011 12:00am
Guard Auto Zones at motorway Guard Group, Daewoo sign MoU

Guard Auto Zones at motorway Guard Group, Daewoo sign MoU

Guard Group and Daewoo Pakistan have entered in to an agreement to establish Guard Auto Zones at motorway on the facilities of Daewoo facilitation centres. Guard Group will establish four Auto Zone Centres for serving the vehicles and provide quality Guar
Published 01 Apr, 2011 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold prices rose nearly 1 percent on Thursday, set for a 10th straight quarterly gain, as the dollar fell against the euro and as oil rallied on Middle East supply worries. Ultra-loose monetary policies by central banks, euro zone debt fears and political
Published 01 Apr, 2011 12:00am
US MIDDAY: copper ends first quarter down

US MIDDAY: copper ends first quarter down

Copper closed slightly higher on Thursday but ended the first quarter of 2011 with a 2.4 percent quarterly loss, its first such decline since the second quarter of 2010, as concerns about softer Chinese demand and rising warehouse stocks weighed on sentim
Published 01 Apr, 2011 12:00am
US MIDDAY: cocoa down

US MIDDAY: cocoa down

US cocoa futures finished at a fresh 2-1/2 month low Thursday as rebels backing Alassane Ouattara appear on the verge of ousting incumbent Laurent Gbagbo. A victory by Ouattara is seen as bearish for cocoa because it would allow stalled exports to flow ou
Published 01 Apr, 2011 12:00am
Gold recovers in Europe

Gold recovers in Europe

Gold was set for a tenth straight quarterly gain on Thursday, rising by nearly 1 percent as the dollar weakened and concern over euro zone sovereign debt and unrest across the Middle East encouraged buying. Low real interest rates and high liquidity left
Published 01 Apr, 2011 12:00am
Gold inches up in Asia

Gold inches up in Asia

Gold inched up on Thursday and was on track for its 10th consecutive quarterly rise since 2008 as an early drop spurred cautious bargain hunting ahead of US February employment data at the end of the week. Spot gold hit an intraday low of $1,420.25 an oun
Published 01 Apr, 2011 12:00am
US gold moves up

US gold moves up

US gold futures ended higher on Wednesday as a broad resurgence of risk appetite prompted buying of bullion along with other assets ahead of Friday's US job report. COMEX April gold futures settled up $7.60 at $1,423.80 an ounce. Ranged from $1,412 to $1,
Published 01 Apr, 2011 12:00am
Liffe cocoa falls

Liffe cocoa falls

Cocoa prices fell to a 2-1/2 month low on Thursday as the advance of forces loyal to Alassane Ouattara in Ivory Coast was seen potentially opening the door for a resumption of exports from the world's top grower. Arabica coffee futures were slightly lower
Published 01 Apr, 2011 12:00am
Malaysian palm oil up

Malaysian palm oil up

Malaysian palm oil futures rose to a one-week high in a thin trading session on Thursday, as investors positioned themselves ahead of a key plantings report in the United States due later. The benchmark June crude palm oil contract on Bursa Malaysia Deriv
Published 01 Apr, 2011 12:00am
US soya unofficially ends up

US soya unofficially ends up

Chicago Board of Trade soybean futures unofficially closed higher on Wednesday on soy/corn spreading ahead of the release on Thursday of the US Department of Agriculture's March plantings and quarterly stocks reports. Traders expect the USDA report to sho
Published 01 Apr, 2011 12:00am
US cocoa drops

US cocoa drops

US cocoa futures dropped to a 2-1/2 month low on Wednesday as investors eyed increased prospects for a resolution to the power struggle in Ivory Coast, which could free up exports from the world's top cocoa grower. Volume in US cocoa futures was double th
Published 01 Apr, 2011 12:00am
New York cotton ends quarter up 38.3 percent

New York cotton ends quarter up 38.3 percent

US cotton futures ended the first quarter on Thursday up 38.3 percent as the market, the best performing commodity of 2010, extended its historic rally fuelled by tight supplies and strong mill demand. The key May cotton contract was up the 7-cent limit o
Published 01 Apr, 2011 12:00am
Tokyo rubber futures up

Tokyo rubber futures up

Tokyo rubber futures ended higher on Thursday, rebounding from early losses, on supply concerns as floods delayed shipments from Thailand, the world's biggest exporter, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for Septem
Published 01 Apr, 2011 12:00am
Oil jumps to 2-1/2-year highs

Oil jumps to 2-1/2-year highs

Oil prices jumped to their highest close in 2-1/2 years on Thursday in thin end-of-quarter trading that left Brent near a record quarterly rise of more than $22 as Libya's conflict and Middle East unrest kept supply threats in focus and US economic data a
Published 01 Apr, 2011 12:00am
Copper moves higher

Copper moves higher

Copper rose on Thursday as dollar weakness attracted non-US buyers after earlier hitting a two-week low on worries about soft Chinese demand. Copper for three-months delivery on the London Metal Exchange (LME) closed in the rings at $9,430 a tonne versus
Published 01 Apr, 2011 12:00am
Shanghai copper falls

Shanghai copper falls

London copper rose half a percent on Thursday, but the market would need to rally more than 2 percent to avoid its first quarterly loss since June 2010, after three months of volatile trading recently on geopolitical and demand concerns. The most-active c
Published 01 Apr, 2011 12:00am
US copper plummets

US copper plummets

Copper prices ended sharply lower on Wednesday, on pace for their biggest monthly decline since June 2010, as weaker demand cues from China and fears about a moderation in the global economic recovery kept many bulls sidelined. US copper followed suit, ex
Published 01 Apr, 2011 12:00am
Aluminium price to ride high

Aluminium price to ride high

Soaring power costs, lucrative bank deals that keep metal away from the market and strong demand growth will boost aluminium prices this year. Behind the potentially game-changing factors of Middle East regime change and a global rethink of nuclear - that
Published 01 Apr, 2011 12:00am
FTSE snaps six-day rally

FTSE snaps six-day rally

British bank shares fell on further concerns about the state of finances in the peripheral eurozone countries, dragging the country's top shares lower by the close on Thursday and ending a six-day winning run. Ireland said its four remaining banks require
Published 01 Apr, 2011 12:00am
European shares end volatile quarter with tiny gain

European shares end volatile quarter with tiny gain

European stocks fell back on Thursday, halting an almost uninterrupted two-week rise as renewed fears over Portugal's debt crisis prompted investors to book profits on the last session of the quarter. Investors were also kept on edge ahead of the results
Published 01 Apr, 2011 12:00am
Seoul shares rise

Seoul shares rise

Seoul shares rose on Thursday boosted by solid gains in insurers and airlines, but refiners retreated on worries they could face financial penalties. The Korea Composite Stock Price Index ended up 0.73 percent at 2,106.70 points on its last trading day of
Published 01 Apr, 2011 12:00am
Nikkei falls five percent in January-March quarter

Nikkei falls five percent in January-March quarter

Japan's Nikkei average fell 5 percent in the January-March quarter, hit by this month's devastating earthquake, and investors said the market may remain weak and volatile until late summer with earnings weak and possible power shortages looming.
Published 01 Apr, 2011 12:00am
Indian shares drop in March quarter

Indian shares drop in March quarter

Indian shares posted a decline in the March quarter, its first such fall since December 2008, which also made it rank as the worst performing major market in Asia, hurt by sticky inflation and corruption scandals. But investors believe things could get be
Published 01 Apr, 2011 12:00am
Most Southeast Asian stocks climb

Most Southeast Asian stocks climb

Growing appetite for risk and optimism over earnings lifted most Southeast Asian stock markets on Thursday, but the region ended the quarter mostly in the red due to a soft start to the year. Most sharemarkets capped the quarter near multi-week highs, hel
Published 01 Apr, 2011 12:00am
Treasuries yields likely to stay stable

Treasuries yields likely to stay stable

Treasury yields are likely to remain relatively stable ahead of Friday's US employment data, following an almost two-week sell-off, as traders have already priced in very bullish expectations. US government debt prices rose on Wednesday after data from AD
Published 01 Apr, 2011 12:00am
Treasuries yields likely to stay stable

Treasuries yields likely to stay stable

Treasury yields are likely to remain relatively stable ahead of Friday's US employment data, following an almost two-week sell-off, as traders have already priced in very bullish expectations. US government debt prices rose on Wednesday after data from AD
Published 01 Apr, 2011 12:00am
Wall Street rides winners as quarter winds down

Wall Street rides winners as quarter winds down

US stocks rose on Wednesday with activity dominated by money managers buying recent winners, including energy and small-caps, as the quarter nears its end. But trading volume remained weak and the S&P 500 failed to hold above 1,330, a level where selling
Published 01 Apr, 2011 12:00am
Thursday's midday trade: US stocks little changed

Thursday's midday trade: US stocks little changed

US stocks were little changed on Thursday as a middling reading on jobless claims failed to dent expectations about Friday's US payrolls report for March as the quarter quietly draws to a close. The week has been marked by some of the year's lowest volume
Published 01 Apr, 2011 12:00am
Hong Kong shares up, Shanghai down

Hong Kong shares up, Shanghai down

Hong Kong shares ended up on Thursday, supported by real estate firms, as cheaper valuations attracted investors, while China's benchmark index dipped on profit-taking in key blue chip stocks. Property counters in Hong Kong rose, led by China Resources La
Published 01 Apr, 2011 12:00am
Taiwan stocks post worst quarter

Taiwan stocks post worst quarter

Taiwan stocks posted their worst quarterly performance since the second quarter last year, with the main TAIEX share index falling 3.22 percent in the three months to Thursday. Looking into the second quarter, fund managers said Taiwan might underperform
Published 01 Apr, 2011 12:00am
Middle East markets mixed

Middle East markets mixed

Gulf Arab markets closed mixed on Thursday with Oman's Renaissance falling to a 16-week low after the company scrapped plans for a $500 million London listing of its marine unit, Topaz. Oman's index fell 1 percent to a four-week low as Renaissance Service
Published 01 Apr, 2011 12:00am
Euro rates at 21-month high

Euro rates at 21-month high

Euro-priced interbank rates rose to 21-month peaks on Thursday and are expected to grind higher after higher-than-forecast inflation data cemented bets of a European Central Bank interest rate hike next week. Money markets were little moved by news of dis
Published 01 Apr, 2011 12:00am
Won leads Asian currencies higher

Won leads Asian currencies higher

The South Korean won rose to a 2-1/2-year high on Thursday, leading other emerging Asian currencies higher, on the back of sustained inflows into the Seoul stock market which will probably spell further gains for the won in the coming quarter.
Published 01 Apr, 2011 12:00am
Indian rupee jumps

Indian rupee jumps

The Indian rupee jumped to a four-and-half-month peak on Thursday as sharp losses in the dollar versus major currencies and inflows on the last day of the current fiscal year more than offset the demand for the greenback from oil importers. The partially
Published 01 Apr, 2011 12:00am
Australian dollar scores new highs

Australian dollar scores new highs

The Australian dollar climbed to a fresh 29-year high on the US dollar on Thursday for the fifth day in six, while the Zealand dollar firmed as investors piled into riskier assets and carry trades. Australian dollar peaked at $1.0348, from $1.0327 in New
Published 01 Apr, 2011 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 72.75/72.80 (previous 72.75/72.80). Call Money Rates: 4.00-6.00 percent (previous 3.50-8.00 percent).
Published 01 Apr, 2011 12:00am
Euro gains, yen struggles in New York trade

Euro gains, yen struggles in New York trade

The euro hit a 10-month high against the yen and rose against the dollar on Wednesday as markets braced for higher eurozone interest rates, while the Australian dollar hit levels last seen in the early 1980s. The euro erased losses against the US currency
Published 01 Apr, 2011 12:00am
Euro rises broadly in London

Euro rises broadly in London

The euro rose broadly on Thursday as above-forecast eurozone inflation cemented the case for higher interest rates from the European Central Bank, though analysts cautioned against a rapid rise in the currency. Traders said significant quarter-end and fis
Published 01 Apr, 2011 12:00am
Yen under pressure in Asia

Yen under pressure in Asia

The yen hit a fresh 10-month low versus the euro on Thursday and touched a three-week trough against the dollar as expectations mounted that Japan would lag the eurozone and US central banks in raising interest rates. The dollar's advance slowed into the
Published 01 Apr, 2011 12:00am
Sterling gains versus dollar

Sterling gains versus dollar

Sterling was firmer against the dollar and steady versus the euro on Thursday, drawing support from an unexpected rise in UK house prices with dollar selling to meet month-end requirements likely to help it retain gains. The pound advanced as high as $1.6
Published 01 Apr, 2011 12:00am
Yuan rises

Yuan rises

The yuan closed up against the dollar on Thursday, hitting a record intraday trading high, after the People's Bank of China fixed its daily mid-point at an all-time high and the foreign exchange regulator tightened rules in a move traders said will pave t
Published 01 Apr, 2011 12:00am
Yuan need not be fully convertible to be in SDR

Yuan need not be fully convertible to be in SDR

The yuan need not be fully convertible to gain inclusion in the basket of currencies that forms the Special Drawing Right, the International Monetary Fund's unit of account, an academic adviser to the Chinese central bank said on Thursday. Xia Bin also sa
Published 01 Apr, 2011 12:00am
Taiwan ups rates as expected; sees modest inflation rise

Taiwan ups rates as expected; sees modest inflation rise

Taiwan's central bank raised interest rates by 12.5 basis points to 1.75 percent, as expected, saying that the hike would help check inflation expectations. It saw some effect from Japan's quake on Taiwan's industries and said it would factor the event in
Published 01 Apr, 2011 12:00am
China funds raise suggested equity weightings in March

China funds raise suggested equity weightings in March

Mutual funds in China raised their recommended equity weightings to 82.8 percent, suggesting higher exposure to financial and property stocks, as fears of monetary tightening ease although inflation remains in focus, the latest monthly Reuters poll of fun
Published 01 Apr, 2011 12:00am
China funds raise suggested equity weightings in March

China funds raise suggested equity weightings in March

Mutual funds in China raised their recommended equity weightings to 82.8 percent, suggesting higher exposure to financial and property stocks, as fears of monetary tightening ease although inflation remains in focus, the latest monthly Reuters poll of fun
Published 01 Apr, 2011 12:00am
China owes $549 billion foreign debt at end 2010

China owes $549 billion foreign debt at end 2010

The amount of short-term foreign debt that China owes rose a mere 1.7 percent in the fourth quarter, data showed on Thursday, a reflection that the authorities have been able to keep speculative bets on yuan appreciation in check. China's foreign exchange
Published 01 Apr, 2011 12:00am
Turkish bond yield rises

Turkish bond yield rises

Turkey's benchmark bond yield rose and stocks fell after fourth quarter growth far outstripped forecasts and the trade deficit surged, raising doubts over the central bank's efforts to slow demand and expectations further action may follow. The yield on t
Published 01 Apr, 2011 12:00am
Turkish bond yield rises

Turkish bond yield rises

Turkey's benchmark bond yield rose and stocks fell after fourth quarter growth far outstripped forecasts and the trade deficit surged, raising doubts over the central bank's efforts to slow demand and expectations further action may follow. The yield on t
Published 01 Apr, 2011 12:00am
JGBs slightly lower

JGBs slightly lower

Japanese government bonds ended steady to slightly lower on Thursday after failing to hold earlier gains, ending the quarter lower as a devastating earthquake put worries about Japan's deteriorating fiscal health in focus.
Published 01 Apr, 2011 12:00am
JGBs slightly lower

JGBs slightly lower

Japanese government bonds ended steady to slightly lower on Thursday after failing to hold earlier gains, ending the quarter lower as a devastating earthquake put worries about Japan's deteriorating fiscal health in focus.
Published 01 Apr, 2011 12:00am
'Global risks outweigh domestic factors'

'Global risks outweigh domestic factors'

South Korea's central bank needs to take more note of global uncertainties, including higher oil prices and Japan's nuclear disaster, than domestic issues to make forecasts for Asia's No 4 economy, a senior Bank of Korea official said.
Published 01 Apr, 2011 12:00am
BoJ to lower view on economic assessment

BoJ to lower view on economic assessment

The Bank of Japan is considering lowering its economic assessment when its policy board meets early next month after a massive earthquake and tsunami sharply hurt production and personal spending, Yomiuri newspaper reported on Thursday. BOJ Governor Masaa
Published 01 Apr, 2011 12:00am
Portugal crisis deepens, ECB hinders Irish bank plan

Portugal crisis deepens, ECB hinders Irish bank plan

Portugal's budget deficit ballooned above target last year and a disagreement at the European Central Bank threatened to undermine Ireland's plans for finally resolving its bank crisis. Revised figures published on Thursday showed Portugal's deficit was m
Published 01 Apr, 2011 12:00am
Microsoft files first-ever competition complaint against Google

Microsoft files first-ever competition complaint against Google

Microsoft Corp stepped up its rivalry with Google Inc with a formal complaint to EU antitrust regulators, claiming Google systematically thwarts Internet search competition. It is the first time Microsoft - itself the target of anticompetition action in t
Published 01 Apr, 2011 12:00am
Anglo Irish Bank posts record loss

Anglo Irish Bank posts record loss

Nationalised Anglo Irish Bank on Thursday posted a record annual loss of 17.7 billion euros ($25 billion) for 2010, ahead of banking-sector stress test results due for publication later in the day. The loss, which is slightly higher than the 17.6 billion
Published 01 Apr, 2011 12:00am
Anglo Irish Bank posts record loss

Anglo Irish Bank posts record loss

Nationalised Anglo Irish Bank on Thursday posted a record annual loss of 17.7 billion euros ($25 billion) for 2010, ahead of banking-sector stress test results due for publication later in the day. The loss, which is slightly higher than the 17.6 billion
Published 01 Apr, 2011 12:00am
US jobless claims fall, Midwest hiring jumps

US jobless claims fall, Midwest hiring jumps

The number of Americans claiming unemployment aid fell last week and factory employment in the US Midwest hit a 27-year high in March, more signs that an improvement in the labour market is under way. The decline in layoffs and pick-up in hiring should ta
Published 01 Apr, 2011 12:00am
US claims profit on bank bailout plan

US claims profit on bank bailout plan

The United States said Wednesday its bank bailouts had earned a profit, 30 months after the Treasury committed hundreds of billions of dollars to rescue financial institutions as the economy plunged into crisis. After enduring deep criticism over the use
Published 01 Apr, 2011 12:00am
US claims profit on bank bailout plan

US claims profit on bank bailout plan

The United States said Wednesday its bank bailouts had earned a profit, 30 months after the Treasury committed hundreds of billions of dollars to rescue financial institutions as the economy plunged into crisis. After enduring deep criticism over the use
Published 01 Apr, 2011 12:00am
Tokyo Electric claims could top $130 billion

Tokyo Electric claims could top $130 billion

Tokyo Electric Power Co could face compensation claims topping $130 billion if Japan's worst nuclear crisis drags on, Bank of America-Merrill Lynch estimated, fuelling expectations Japan's government will step in to save Asia's largest utility.
Published 01 Apr, 2011 12:00am
German jobless at lowest level in two decades

German jobless at lowest level in two decades

German unemployment fell sharply for a second straight month in March, pushing the jobless rate down to 7.1 percent, its lowest level since figures for a unified Germany were first published two decades ago. In a sign that demand for labour remains robust
Published 01 Apr, 2011 12:00am
LSE and Icap set for derivatives expansion

LSE and Icap set for derivatives expansion

The London Stock Exchange and Icap are pinning their hopes for growth on the rapidly changing derivatives industry as both reported steady growth in their core markets. The UK-based groups are planning to move into derivatives trading and clearing to dive
Published 01 Apr, 2011 12:00am
Boeing received banned US subsidies: WTO

Boeing received banned US subsidies: WTO

Planemaker Boeing received at least $5.3 billion of dollars of banned US subsidies, the World Trade Organisation said on Thursday. The subsidies included banned support in the form of research and development payments from the NASA space agency. The rulin
Published 01 Apr, 2011 12:00am
Acer replaces chief executive in a surprise move

Acer replaces chief executive in a surprise move

Taiwan's Acer, the world's No 2 PC vendor, replaced its chief executive in a surprise move on Thursday, barely a week after it gave a downbeat outlook that wiped more than $1 billion off its market value in four days. Its Italian chief executive, Gianfran
Published 01 Apr, 2011 12:00am
Eurozone inflation surges

Eurozone inflation surges

Eurozone inflation defied expectations of a small decline and rose in March, an estimate showed on Thursday, a week before the European Central Bank is expected to raise interest rates to stem price growth. The European Union's statistics office Eurostat
Published 01 Apr, 2011 12:00am
Manufacturing boosts Canada's economy in January

Manufacturing boosts Canada's economy in January

Canada's manufacturing sector grew at the fastest pace in seven years in January, setting the stage for strong first-quarter economic growth that may prompt the central bank to hike interest rates by mid-year. Gross domestic product expanded by 0.5 percen
Published 01 Apr, 2011 12:00am
Honda, Mazda to resume some parts, vehicle production

Honda, Mazda to resume some parts, vehicle production

Honda Motor Co and Mazda Motor Corp on Thursday became the latest major automakers to say they would resume some production in Japan after halting plant operations following a devastating earthquake and tsunami on March 11. Honda said it would resume prod
Published 01 Apr, 2011 12:00am
France eases deficit, vows to meet EU limit

France eases deficit, vows to meet EU limit

France unexpectedly reined in its 2010 public deficit to seven percent of output while debt hit a record 81.7 percent, the government said Thursday, vowing to meet EU budget limits within three years. "It is a really remarkable result," Economy Minister C
Published 01 Apr, 2011 12:00am
Japan sold 692.5 billion yen in intervention

Japan sold 692.5 billion yen in intervention

Japan sold 692.5 billion yen ($8.4 billion) from February 25 to March 29, it said Thursday, illustrating efforts to weaken the unit that hit a post-war high in the wake of a devastating earthquake. The Ministry of Finance, using the Bank of Japan as its a
Published 01 Apr, 2011 12:00am
Sokol affair casts shadow on Buffett style

Sokol affair casts shadow on Buffett style

So much for Warren Buffett's philosophy of leaving his managers alone. A key Buffett lieutenant resigned this week, and said he bought shares in a company he later pitched to his boss. While Buffett said his employee, David Sokol, did nothing unlawful, go
Published 01 Apr, 2011 12:00am
Brazil primary budget surplus beats expectations

Brazil primary budget surplus beats expectations

Brazil's budget surplus excluding debt-servicing more than doubled in February from a year earlier, thanks to a combination of rising tax collections and restrained payroll spending, the central bank data said on Thursday. The so-called consolidated prima
Published 01 Apr, 2011 12:00am
Subdued condition on cotton market

Subdued condition on cotton market

Due to continuing economic unease around the world, monumental earthquake and tsunami disasters in Japan followed by a catastrophe in its nuclear installations, Libyan war continuing on uncertain basis and over all lack of Chinese interest in cotton yarns
Published 01 Apr, 2011 12:00am
Subdued condition on cotton market

Subdued condition on cotton market

Due to continuing economic unease around the world, monumental earthquake and tsunami disasters in Japan followed by a catastrophe in its nuclear installations, Libyan war continuing on uncertain basis and over all lack of Chinese interest in cotton yarns
Published 01 Apr, 2011 12:00am
KCA spot rate stays put sans any deal on cotton market

KCA spot rate stays put sans any deal on cotton market

Lacklustre conditions prevailed on the cotton market on Thursday as leading participants were conspicuous by their absence due to lack of motivating factor, dealers said. Karachi Cotton Association (KCA) official spot rate was steady at Rs 12,500, they sa
Published 01 Apr, 2011 12:00am
Oil cake market rates

Oil cake market rates

May contract was up while the July vaida was unchanged on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The March vaida that had closed at Rs 1326.10 opened with a rise of 40 paisa at Rs 1326.50. The May contract w
Published 01 Apr, 2011 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 63,704 tonnes of cargo including 38,646 tonnes of import cargo, 25,058 tonnes of export cargo and 2,483 loaded & empty containers during last 24 hours ended at 0700 hours on Thursday. The total import cargo of 38,646 tonnes compri
Published 01 Apr, 2011 12:00am
Argentina to allow export of three million tonnes of corn

Argentina to allow export of three million tonnes of corn

Argentina is about to authorize the export of 3 million tonnes more of 2010/11 corn as the government works to find new markets for the cereal, including China, the agriculture minister told Reuters. The South American country is the world's second-bigges
Published 01 Apr, 2011 12:00am
India's gold demand seen strong despite high prices

India's gold demand seen strong despite high prices

India's demand for gold should be robust in 2011 despite the likelihood of higher prices, pushed by geopolitical tensions, a senior World Gold Council executive said on Thursday. Indian consumers, who tend to invest for the long term, were unlikely to be
Published 01 Apr, 2011 12:00am
A few changes seen in low business on grain market

A few changes seen in low business on grain market

A few changes were witnessed on the wholesale grain market on Thursday as a result of easy supply position from the upcountry centres, dealers said. On the cereal side wheat old Bardan shed Rs 50 to Rs 2375 and wheat new Bardan also lost the same amount a
Published 01 Apr, 2011 12:00am
HRW wheat bids steady to firmer

HRW wheat bids steady to firmer

Hard red winter wheat basis bids were steady to firmer Thursday in a mostly quiet market. The basis was a nickel a bushel firmer in Enid, Oklahoma, and a dime firmer in Catoosa, Oklahoma, but unchanged in several other US Plains locations.
Published 01 Apr, 2011 12:00am
Afridi sees bright future for Pakistan, India cricket

Afridi sees bright future for Pakistan, India cricket

Pakistan captain Shahid Afridi said the performance of his side's younger players had been among the positives of a World Cup campaign that ended with a 29-run semi-final loss to India. And he said he hoped Wednesday's match, watched by Indian Prime Minis
Published 01 Apr, 2011 12:00am
Prime Minister to invite Pakistan cricket team on their return

Prime Minister to invite Pakistan cricket team on their return

Prime Minister Syed Yusuf Raza Gilani will invite the members of national cricket team on their return to Pakistan to acknowledge their performance in the Cricket World Cup and reaching in the semi-final. A spokesman of the PM House said the gesture is to
Published 01 Apr, 2011 12:00am
Suicide blast targeting Fazl kills 13

Suicide blast targeting Fazl kills 13

A suicide bomb blast targeting JUI-F chief Maulana Fazal-ur-Rahman killed at least 13 people in Charsadda Thursday - the second attack against him and his supporters in two days. The bombing took place close to the convoy of Maulana Fazal-ur-Rehman.
Published 01 Apr, 2011 12:00am
India grants income tax exemption to World Cup

India grants income tax exemption to World Cup

India approved a proposal to exempt the Cricket World Cup from income tax on Thursday, granting the tournament an estimated 450 million rupee ($10.1 million) windfall. "The Union Cabinet today approved the proposal of the Ministry of Finance for exempting
Published 01 Apr, 2011 12:00am
Suicide blast targeting Fazl kills 13

Suicide blast targeting Fazl kills 13

A suicide bomb blast targeting JUI-F chief Maulana Fazal-ur-Rahman killed at least 13 people in Charsadda Thursday - the second attack against him and his supporters in two days. The bombing took place close to the convoy of Maulana Fazal-ur-Rehman.
Published 01 Apr, 2011 12:00am
Two more matches decided in Seniors Cricket

Two more matches decided in Seniors Cricket

Two more matches were decided in 13th National Seniors Cricket Cup, as Mubarak Seniors Sialkot and Sialkot Seniors Stallion earned full points in Group-A of Northern Punjab. Mubarak Seniors Sialkot made 175 with Gulzar Ahmed 23, Idrees 23, Wasim Akhter 23
Published 01 Apr, 2011 12:00am
FBR quarterly review: tax target scaled down

FBR quarterly review: tax target scaled down

The Federal Board of Revenue has revised revenue collection target downward from Rs 1,667 billion for 2010-11 to Rs 1,604 billion, as macroeconomic indicators that were assumed to perform better in the beginning of the year turned negative.
Published 01 Apr, 2011 12:00am
Sri Lanka call up veteran Vaas as Murali sweats

Sri Lanka call up veteran Vaas as Murali sweats

Sri Lanka were sweating over the World Cup final fitness of Muttiah Muralitharan and Angelo Mathews on Thursday as 37-year-old seamer Chaminda Vaas and Suraj Randiv were called-up as cover. "Chaminda Vaas and Suraj Randiv will be included in the Sri Lanka
Published 01 Apr, 2011 12:00am
FBR quarterly review: tax target scaled down

FBR quarterly review: tax target scaled down

The Federal Board of Revenue has revised revenue collection target downward from Rs 1,667 billion for 2010-11 to Rs 1,604 billion, as macroeconomic indicators that were assumed to perform better in the beginning of the year turned negative.
Published 01 Apr, 2011 12:00am
Brief profiles of World Cup captains

Brief profiles of World Cup captains

Brief profiles of the India and Sri Lanka captains in Saturday's World Cup final at the Wankhede Stadium. Mahendra Singh Dhoni (India), aged 29 Dhoni's rise to the top of his chosen sport mirrors the rocketing popularity of Twenty20 cricket and the fusion
Published 01 Apr, 2011 12:00am
FBR quarterly review: tax target scaled down

FBR quarterly review: tax target scaled down

The Federal Board of Revenue has revised revenue collection target downward from Rs 1,667 billion for 2010-11 to Rs 1,604 billion, as macroeconomic indicators that were assumed to perform better in the beginning of the year turned negative.
Published 01 Apr, 2011 12:00am
Indian cricket team to visit Pakistan in near future: Ijaz Butt

Indian cricket team to visit Pakistan in near future: Ijaz Butt

Chairman, Pakistan cricket Board, Mohammad Ijaz Butt said on Thursday that Indian cricket team will visit Pakistan in near future. "I had very productive meetings with Indian Board officials and they are also of the view to revive cricket ties," he told r
Published 01 Apr, 2011 12:00am
Don't judge Dhoni on final, says Kapil

Don't judge Dhoni on final, says Kapil

Kapil Dev, the only man to captain an Indian World Cup winning side, said Thursday that Mahendra Singh Dhoni's reputation as skipper should not depend on the result of Saturday's final against Sri Lanka. Dhoni, having steered India past Pakistan in the se
Published 01 Apr, 2011 12:00am
Fish becomes top-ranked US player with win

Fish becomes top-ranked US player with win

Mardy Fish replaced Andy Roddick as the top-ranked American after beating Spain's David Ferrer 7-5 6-2 on Wednesday to move into the semi-finals of the Sony Ericsson Open. Fish will play world number two Novak Djokovic in the semi-finals at Key Biscayne a
Published 01 Apr, 2011 12:00am
Clijsters falls to Azarenka in Miami

Clijsters falls to Azarenka in Miami

Belarussian Victoria Azarenka produced some sparkling tennis to defeat an out-of-sorts world number two Kim Clijsters in the quarter-finals of the Sony Ericsson Open on Wednesday. Azarenka, whose career breakthrough came with her win here at Key Biscayne
Published 01 Apr, 2011 12:00am
Government intends to borrow Rs 1.255 trillion in fourth quarter

Government intends to borrow Rs 1.255 trillion in fourth quarter

The federal government intends to borrow Rs 1.255 trillion from banking sector during the fourth quarter (April-June) of FY11 to meet its rising financial needs. Sources in banking industry said that revenue shortfall and rising expenditures have compelle
Published 01 Apr, 2011 12:00am
Umpires Taufel, Dar in cricket World Cup final

Umpires Taufel, Dar in cricket World Cup final

Australia's Simon Taufel and Pakistan's Aleem Dar will umpire Saturday's World Cup final between India and Sri Lanka at Mumbai's Wankhede Stadium. It is the second consecutive high-profile match for Taufel, a five-time international umpire of the year. He
Published 01 Apr, 2011 12:00am
Government intends to borrow Rs 1.255 trillion in fourth quarter

Government intends to borrow Rs 1.255 trillion in fourth quarter

The federal government intends to borrow Rs 1.255 trillion from banking sector during the fourth quarter (April-June) of FY11 to meet its rising financial needs. Sources in banking industry said that revenue shortfall and rising expenditures have compelle
Published 01 Apr, 2011 12:00am
Anti-climactic end to Shoaib's intriguing career

Anti-climactic end to Shoaib's intriguing career

A career that began so promisingly 14 years ago with Shoaib Akhtar refusing to take off his first Pakistan kit for three days, ended with a dressing down on Wednesday when the fast bowler was reduced to being a 'waterboy'. The man who was nicknamed the "R
Published 01 Apr, 2011 12:00am
Government intends to borrow Rs 1.255 trillion in fourth quarter

Government intends to borrow Rs 1.255 trillion in fourth quarter

The federal government intends to borrow Rs 1.255 trillion from banking sector during the fourth quarter (April-June) of FY11 to meet its rising financial needs. Sources in banking industry said that revenue shortfall and rising expenditures have compelle
Published 01 Apr, 2011 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 01 Apr, 2011 12:00am
Prime Minister briefs President

Prime Minister briefs President

Prime Minister Syed Yousaf Raza Gilani on Thursday called on President Asif Ali Zardari at Aiwan-e-Sadr and briefed him about his visit to India and his discussions with Indian Prime Minister Dr Manmohan Singh. The President welcomed the meeting of the tw
Published 01 Apr, 2011 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 01 Apr, 2011 12:00am
Prime Minister briefs President

Prime Minister briefs President

Prime Minister Syed Yousaf Raza Gilani on Thursday called on President Asif Ali Zardari at Aiwan-e-Sadr and briefed him about his visit to India and his discussions with Indian Prime Minister Dr Manmohan Singh. The President welcomed the meeting of the tw
Published 01 Apr, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am
PaCCS, FBR appear involved in 'love-hate' relationship

PaCCS, FBR appear involved in 'love-hate' relationship

Agility, the owner of Pakistan Automated Customs Computerised System (PaCCS) and Federal Board of Revenue (FBR) appear involved in an un-ending 'Love-hate' relationship over the use of PaCCS by Pakistan customs. On March 15 Agility had indicated that it w
Published 01 Apr, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (March 31, 2011).

Published 01 Apr, 2011 12:00am
PaCCS, FBR appear involved in 'love-hate' relationship

PaCCS, FBR appear involved in 'love-hate' relationship

Agility, the owner of Pakistan Automated Customs Computerised System (PaCCS) and Federal Board of Revenue (FBR) appear involved in an un-ending 'Love-hate' relationship over the use of PaCCS by Pakistan customs. On March 15 Agility had indicated that it w
Published 01 Apr, 2011 12:00am
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