BR100 Decreased By (-0.08%)
BR30 Increased By (0.08%)
KSE100 Decreased By (-0.11%)
KSE30 Decreased By (-0.2%)
AGHA 7.53 Decreased By ▼ -0.10 (-1.31%)
BECO 5.11 Decreased By ▼ -0.46 (-8.26%)
BML 58.30 Decreased By ▼ -1.44 (-2.41%)
BOP 34.58 Increased By ▲ 0.18 (0.52%)
CNERGY 13.68 Increased By ▲ 0.57 (4.35%)
CSIL 6.30 Decreased By ▼ -0.11 (-1.72%)
FCCL 57.55 Decreased By ▼ -0.51 (-0.88%)
FFL 16.50 Increased By ▲ 0.27 (1.66%)
FNEL 1.20 Decreased By ▼ -0.01 (-0.83%)
KEL 7.36 Decreased By ▼ -0.07 (-0.94%)
KOSM 5.98 Decreased By ▼ -0.05 (-0.83%)
LOTCHEM 27.51 Decreased By ▼ -0.16 (-0.58%)
MLCF 101.93 Decreased By ▼ -0.82 (-0.8%)
NBP 203.29 Decreased By ▼ -1.77 (-0.86%)
NCPL 60.47 Increased By ▲ 0.84 (1.41%)
NPL 69.80 Increased By ▲ 1.24 (1.81%)
OGDC 318.48 Decreased By ▼ -0.44 (-0.14%)
PACE 11.12 Increased By ▲ 0.07 (0.63%)
PAEL 42.86 Decreased By ▼ -0.24 (-0.56%)
PIBTL 16.72 Increased By ▲ 0.09 (0.54%)
PPL 230.62 Increased By ▲ 1.17 (0.51%)
PRL 76.73 Increased By ▲ 5.93 (8.38%)
PTC 71.18 Increased By ▲ 0.18 (0.25%)
SSGC 27.10 Decreased By ▼ -0.31 (-1.13%)
TBL 10.28 Decreased By ▼ -0.03 (-0.29%)
TELE 8.56 Increased By ▲ 0.03 (0.35%)
TPL 23.59 Increased By ▲ 0.53 (2.3%)
TPLP 15.45 Decreased By ▼ -0.31 (-1.97%)
TREET 24.51 Decreased By ▼ -0.20 (-0.81%)
TRG 60.09 Decreased By ▼ -0.20 (-0.33%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Archive - 2012-03-03
More than 64pc voted in Iran poll
Asia

More than 64pc voted in Iran poll

TEHRAN: More than 64 percent of the registered electorate voted in Iran's parliamentary poll, the interior minister said
Published 03 Mar, 2012 01:00pm
Misbah as captain for Asia Cup
Cricket

Misbah as captain for Asia Cup

KARACHI: The Pakistan Cricket Board (PCB) has retained Misbah-ul-Haq as captain for this month's Asia Cup while Shoaib M
Published 03 Mar, 2012 08:55am
IAEA gropes for way around Iran impasse
Top News

IAEA gropes for way around Iran impasse

VIENNA: The UN atomic agency's board will be looking for a way out of its impasse with Iran after two fruitless visits p
Published 03 Mar, 2012 06:06am
Suicide bombing hits Yemen Guard
Top News

Suicide bombing hits Yemen Guard

SANAA: A suicide bomber blew up a vehicle at an elite Republican Guard camp southwest of the Yemeni capital on Saturday,
Published 03 Mar, 2012 06:00am
Huge Myanmar crowds salute Suu Kyi
Asia

Huge Myanmar crowds salute Suu Kyi

MANDALAY: Myanmar's opposition leader Aung San Suu Kyi was greeted by the largest crowds of her election campaign so far
Published 03 Mar, 2012 05:38am
Cabinet decision on India trade: textile ministry not happy

Cabinet decision on India trade: textile ministry not happy

The textile ministry is not satisfied with the Cabinet decision of giving approval to the negative list of items to be imported from India. The ministry will raise the issue with the high authorities, if the reservations were not addressed, it is reliably
Published 03 Mar, 2012 12:00am
Cabinet decision on India trade: textile ministry not happy

Cabinet decision on India trade: textile ministry not happy

The textile ministry is not satisfied with the Cabinet decision of giving approval to the negative list of items to be imported from India. The ministry will raise the issue with the high authorities, if the reservations were not addressed, it is reliably
Published 03 Mar, 2012 12:00am
Cabinet decision on India trade: textile ministry not happy

Cabinet decision on India trade: textile ministry not happy

The textile ministry is not satisfied with the Cabinet decision of giving approval to the negative list of items to be imported from India. The ministry will raise the issue with the high authorities, if the reservations were not addressed, it is reliably
Published 03 Mar, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (March 02, 2012).

Published 03 Mar, 2012 12:00am
Dr Afridi being dealt with in line with Pakistan's law: FO

Dr Afridi being dealt with in line with Pakistan's law: FO

The Foreign Office on Friday said Dr Shakeel Afridi was being dealt with according to the country's law and said Pakistan expected from other countries to respect its legal process. "He is being dealt with, in accordance with our law. We expect all to res
Published 03 Mar, 2012 12:00am
Dr Afridi being dealt with in line with Pakistan's law: FO

Dr Afridi being dealt with in line with Pakistan's law: FO

The Foreign Office on Friday said Dr Shakeel Afridi was being dealt with according to the country's law and said Pakistan expected from other countries to respect its legal process. "He is being dealt with, in accordance with our law. We expect all to res
Published 03 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (March 02, 2012).

Published 03 Mar, 2012 12:00am
Hindu protesters disrupt bin Laden movie in India

Hindu protesters disrupt bin Laden movie in India

Right-wing Hindu activists on Friday disrupted shooting for Oscar-winner Kathryn Bigelow's movie on the hunt for Osama bin Laden, protesting at the use of Indian locations to portray Pakistan. Members of the hard-line Vishwa Hindu Parishad (VHP) stormed t
Published 03 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (March 02, 2012).

Published 03 Mar, 2012 12:00am
Hindu protesters disrupt bin Laden movie in India

Hindu protesters disrupt bin Laden movie in India

Right-wing Hindu activists on Friday disrupted shooting for Oscar-winner Kathryn Bigelow's movie on the hunt for Osama bin Laden, protesting at the use of Indian locations to portray Pakistan. Members of the hard-line Vishwa Hindu Parishad (VHP) stormed t
Published 03 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (March 02, 2012).

Published 03 Mar, 2012 12:00am
Iran parliament vote seen bolstering Supreme Leader

Iran parliament vote seen bolstering Supreme Leader

Iranians voted on Friday in a parliamentary election likely to reinforce Supreme Leader Ayatollah Ali Khamenei's power over rival hard-liners led by President Mahmoud Ahmadinejad. Iranian leaders were looking for a high turnout to ease an acute crisis of
Published 03 Mar, 2012 12:00am
THE RUPEE: dollar moves up

THE RUPEE: dollar moves up

As a result of higher demand for dollars rupee drifted lower on the money market on Friday, dealers said. The rupee fell in terms of dollar, losing three paisa for buying and selling at Rs 90.98 and at 91.01, they said.
Published 03 Mar, 2012 12:00am
Iran parliament vote seen bolstering Supreme Leader

Iran parliament vote seen bolstering Supreme Leader

Iranians voted on Friday in a parliamentary election likely to reinforce Supreme Leader Ayatollah Ali Khamenei's power over rival hard-liners led by President Mahmoud Ahmadinejad. Iranian leaders were looking for a high turnout to ease an acute crisis of
Published 03 Mar, 2012 12:00am
THE RUPEE: dollar moves up

THE RUPEE: dollar moves up

As a result of higher demand for dollars rupee drifted lower on the money market on Friday, dealers said. The rupee fell in terms of dollar, losing three paisa for buying and selling at Rs 90.98 and at 91.01, they said.
Published 03 Mar, 2012 12:00am
Afghan clerics demand public trial for Holy Quran burners

Afghan clerics demand public trial for Holy Quran burners

Afghanistan's top religious council Friday demanded that those responsible for the burning of Holy Qurans at a US military base should be put on public trial. The call from the Ulema Council came just hours before a report in The Washington Post claimed t
Published 03 Mar, 2012 12:00am
Afghan clerics demand public trial for Holy Quran burners

Afghan clerics demand public trial for Holy Quran burners

Afghanistan's top religious council Friday demanded that those responsible for the burning of Holy Qurans at a US military base should be put on public trial. The call from the Ulema Council came just hours before a report in The Washington Post claimed t
Published 03 Mar, 2012 12:00am
Trial unlikely for US troops

Trial unlikely for US troops

Five US soldiers took part in last week's apparently accidental burning of Holy Qurans in Afghanistan, but they are unlikely to face public trial, the Wasshington Post reported Friday. Citing US military officials, the Post said an investigation had estab
Published 03 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 02, 2012).

Published 03 Mar, 2012 12:00am
Trial unlikely for US troops

Trial unlikely for US troops

Five US soldiers took part in last week's apparently accidental burning of Holy Qurans in Afghanistan, but they are unlikely to face public trial, the Wasshington Post reported Friday. Citing US military officials, the Post said an investigation had estab
Published 03 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 02, 2012).

Published 03 Mar, 2012 12:00am
US slaps sanctions on Taliban 'top bomb-maker'

US slaps sanctions on Taliban 'top bomb-maker'

The US Treasury on Friday slapped sanctions on a man they said was a top bomb-maker of the Taliban, aiming to further cut off his and the Afghan insurgency's access to financial support. The Treasury said Abdul Samad Achekzai has a central role in Taliban
Published 03 Mar, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (March 02, 2012).

Published 03 Mar, 2012 12:00am
US slaps sanctions on Taliban 'top bomb-maker'

US slaps sanctions on Taliban 'top bomb-maker'

The US Treasury on Friday slapped sanctions on a man they said was a top bomb-maker of the Taliban, aiming to further cut off his and the Afghan insurgency's access to financial support. The Treasury said Abdul Samad Achekzai has a central role in Taliban
Published 03 Mar, 2012 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Friday (March 02, 2012).

Published 03 Mar, 2012 12:00am
Submit taxation proposals before April 10: MoF tells FBR

Submit taxation proposals before April 10: MoF tells FBR

The Ministry of Finance has directed the Federal Board of Revenue to provide taxation proposals before April 10, 2012 to make it part of the Finance Bill (2012-13). Sources told Business Recorder on Friday that the Finance Ministry has written a le
Published 03 Mar, 2012 12:00am
Submit taxation proposals before April 10: MoF tells FBR

Submit taxation proposals before April 10: MoF tells FBR

The Ministry of Finance has directed the Federal Board of Revenue to provide taxation proposals before April 10, 2012 to make it part of the Finance Bill (2012-13). Sources told Business Recorder on Friday that the Finance Ministry has written a le
Published 03 Mar, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (March 02, 2012).

Published 03 Mar, 2012 12:00am
Submit taxation proposals before April 10: MoF tells FBR

Submit taxation proposals before April 10: MoF tells FBR

The Ministry of Finance has directed the Federal Board of Revenue to provide taxation proposals before April 10, 2012 to make it part of the Finance Bill (2012-13). Sources told Business Recorder on Friday that the Finance Ministry has written a le
Published 03 Mar, 2012 12:00am
LPG price increased by Rs 17 per kg

LPG price increased by Rs 17 per kg

The price of Liquefied Petroleum Gas (LPG) has been increased by Rs 17 per kilogram ie, Rs 200 per domestic cylinder and Rs 700 per commercial cylinder, said a notification issued by Pak Arab Refinery (Parco) issued here on Friday. According to the Ex-Ref
Published 03 Mar, 2012 12:00am
LPG price increased by Rs 17 per kg

LPG price increased by Rs 17 per kg

The price of Liquefied Petroleum Gas (LPG) has been increased by Rs 17 per kilogram ie, Rs 200 per domestic cylinder and Rs 700 per commercial cylinder, said a notification issued by Pak Arab Refinery (Parco) issued here on Friday. According to the Ex-Ref
Published 03 Mar, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (March 02, 2012).

Published 03 Mar, 2012 12:00am
LPG price increased by Rs 17 per kg

LPG price increased by Rs 17 per kg

The price of Liquefied Petroleum Gas (LPG) has been increased by Rs 17 per kilogram ie, Rs 200 per domestic cylinder and Rs 700 per commercial cylinder, said a notification issued by Pak Arab Refinery (Parco) issued here on Friday. According to the Ex-Ref
Published 03 Mar, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (March 02, 2012).

Published 03 Mar, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (March 02, 2012).

Published 03 Mar, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on February 28, 2012.

Published 03 Mar, 2012 12:00am
Dual nationality: petitioner seeks disqualification of parliamentarians

Dual nationality: petitioner seeks disqualification of parliamentarians

The Supreme Court Friday accepted a petition for regular hearing and issued notices to the respondents. The petitioner has sought disqualification of the parliamentarians holding dual nationality. A three-member bench comprising Chief Justice Iftikhar Muh
Published 03 Mar, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on February 28, 2012.

Published 03 Mar, 2012 12:00am
Dual nationality: petitioner seeks disqualification of parliamentarians

Dual nationality: petitioner seeks disqualification of parliamentarians

The Supreme Court Friday accepted a petition for regular hearing and issued notices to the respondents. The petitioner has sought disqualification of the parliamentarians holding dual nationality. A three-member bench comprising Chief Justice Iftikhar Muh
Published 03 Mar, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on February 28, 2012.

Published 03 Mar, 2012 12:00am
US former senators link Saudi government to 9/11 attacks

US former senators link Saudi government to 9/11 attacks

Relatives of people killed in the September 11, 2001 attacks on the United States Friday welcomed moves by two former senators to link Saudi Arabia to the events as part of a huge lawsuit. Ex-Florida senator Bob Graham and former Nebraska senator Bob Kerr
Published 03 Mar, 2012 12:00am
The Weather

The Weather

The weather report on Friday (March 02, 2012) and the forecast for Saturday (March 03, 2012).

Published 03 Mar, 2012 12:00am
US former senators link Saudi government to 9/11 attacks

US former senators link Saudi government to 9/11 attacks

Relatives of people killed in the September 11, 2001 attacks on the United States Friday welcomed moves by two former senators to link Saudi Arabia to the events as part of a huge lawsuit. Ex-Florida senator Bob Graham and former Nebraska senator Bob Kerr
Published 03 Mar, 2012 12:00am
Waheeda Shah case: ECP official resigns in protest

Waheeda Shah case: ECP official resigns in protest

The Secretary Election Commission of Pakistan (ECP) Ishtiaq Ahmed Khan has resigned from the office in protest against what he says Election Commission's failure to provide protection to its staff during by-polls in a constituency of Sindh. Ahmed told med
Published 03 Mar, 2012 12:00am
Waheeda Shah case: ECP official resigns in protest

Waheeda Shah case: ECP official resigns in protest

The Secretary Election Commission of Pakistan (ECP) Ishtiaq Ahmed Khan has resigned from the office in protest against what he says Election Commission's failure to provide protection to its staff during by-polls in a constituency of Sindh. Ahmed told med
Published 03 Mar, 2012 12:00am
Saudi Arabia holds Pakistanis, Iranians over drugs bust

Saudi Arabia holds Pakistanis, Iranians over drugs bust

Saudi Arabia has arrested 11 Pakistanis and Iranians allegedly involved in smuggling hashish from Iran into the kingdom, the interior ministry said on Friday, a charge that carries the death sentence. Saudi security services "foiled an attempt to smuggle
Published 03 Mar, 2012 12:00am
Saudi Arabia holds Pakistanis, Iranians over drugs bust

Saudi Arabia holds Pakistanis, Iranians over drugs bust

Saudi Arabia has arrested 11 Pakistanis and Iranians allegedly involved in smuggling hashish from Iran into the kingdom, the interior ministry said on Friday, a charge that carries the death sentence. Saudi security services "foiled an attempt to smuggle
Published 03 Mar, 2012 12:00am
Civil Defence Seminar held

Civil Defence Seminar held

A Civil Defence Seminar was held here at Nusrat Fateh Ali Khan Auditorium under the joint arrangements of District Civil Department and Federal Civil Defence Training School to mark the World Civil Defence Day.
Published 03 Mar, 2012 12:00am
LHC declines stay against election of Babar Awan

LHC declines stay against election of Babar Awan

The Lahore High Court (LHC) declined stay against election of former law minister Babar Awan in senate in a petition that sought rejection of his nomination papers. The court adjourned the proceedings to March 09 for final arguments on the petition.
Published 03 Mar, 2012 12:00am
No new tax imposed: administrator Karachi

No new tax imposed: administrator Karachi

Administrator Karachi Muhammad Hussain Syed has said that no new tax was imposed on the citizens and the Municipal Services Utility Tax had been levied during the tenure of former City Nazim Karachi Mustafa Kamal through a resolution adopted by the city c
Published 03 Mar, 2012 12:00am
UK delegation meets Nawaz, Shahbaz

UK delegation meets Nawaz, Shahbaz

A high level delegation from the United Kingdom headed by Minister of the State on Development, Andrew Mitchell called on PML-N President Muhammad Nawaz Sharif and Punjab Chief Minister Mian Shahbaz Sharif here on Friday.
Published 03 Mar, 2012 12:00am
Trade with India: IPCCI President hails cabinet decision

Trade with India: IPCCI President hails cabinet decision

President India-Pakistan Chamber of Commerce & Industry (IPCCI) hailed the federal cabinet's decision for opening the door for trade with India by raising the numbers of importable items from India from 1946 to almost 5600 paving the way for granting Most
Published 03 Mar, 2012 12:00am
ZONG celebrates achievements of 2011

ZONG celebrates achievements of 2011

ZONG Pakistan has contributed immensely to the overall growth of the industry as more than 50 percent of the total number of net addition to the subscribers' base in 2011. This was revealed in press conference held in connection with a programme to celebr
Published 03 Mar, 2012 12:00am
IEF to invest in Pakistan

IEF to invest in Pakistan

International Education Foundation (IEF) (School and Colleges) on Friday expressed its willingness to invest in Pakistan for education purposes as it plans to establish a Pak-Turk University in Federal Capital. Managing Director (MD) of IEF, Fesih Celik,
Published 03 Mar, 2012 12:00am
Acid victims: Pakistan embassy in UAE offers help to Sharmeen

Acid victims: Pakistan embassy in UAE offers help to Sharmeen

The Embassy of Pakistan in United Arab Emirates has offered assistance to the Oscar winner Sharmeen Obaid Chinoy to launch a support project for the victims of acid attacks. The proposal envisages collaboration with another initiative titled 'AHAN - Aik H
Published 03 Mar, 2012 12:00am
Cotton summit to be held in Bangkok

Cotton summit to be held in Bangkok

President of International Textile Manufacture Federation (ITMF) and Chairman, Gul Ahmed Textile Mill, Bashir Ali H Mohammad, has said that the international cotton summit 2012 to be held in Bangkok, Thailand from April 25 to 27. He said that summit is pr
Published 03 Mar, 2012 12:00am
MEGATECH receives huge response

MEGATECH receives huge response

The second day of 'MEGATECH Pakistan 2012' witnessed an overwhelming number of trade visitors from various cities including, Faisalabad, Karachi, Multan, Gujranwala, Bahawalpur, Sahiwal, Sialkot, and Rawalpindi. Key textile industrialists as well as diplo
Published 03 Mar, 2012 12:00am
Academic activities at Sindh University continue

Academic activities at Sindh University continue

The Academic activities and teaching in all institutes and departments of the University of Sindh continued in morning and evening shifts on Friday. The attendance of the students in the University has also been improved and ratio of students in the class
Published 03 Mar, 2012 12:00am
CJ IHC constitutes nine benches

CJ IHC constitutes nine benches

Chief Justice of Islamabad High Court (IHC) has constituted six single benches and three division benches to hear a number of cases for next week starting from March 5. Six single benches include Chief Justice Iqbal Hameedur Rehman, Justice Riaz Ahmed Kha
Published 03 Mar, 2012 12:00am
Iesco notice

Iesco notice

According to Islamabad Electric Supply Company (Iesco) spokesman, due to electricity maintenance/development work the power supply of the areas fall under the following grid station/feeders would remain suspended as under.
Published 03 Mar, 2012 12:00am
Pakistan envoy to China praises BFA's role

Pakistan envoy to China praises BFA's role

Pakistan is an important regional economy and its leadership has actively participated in Boao Forum over the past decade, said Zhou Wenzhong, Secretary General of Boao Forum for Asia (BFA) in a meeting with Pakistan's Ambassador to China, Masood Khan her
Published 03 Mar, 2012 12:00am
Bank Al Falah's profit after tax increases to Rs 3,503.13 million

Bank Al Falah's profit after tax increases to Rs 3,503.13 million

The profit after tax of Bank Al Falah Limited has increased to Rs 3,503.130 million in the year ended December 31, 2011 as compared to Rs 968.452 million earned in the year 2010. The bank's earning per share increased to Rs 2.60 in the period under review
Published 03 Mar, 2012 12:00am
Bank Al Falah's profit after tax increases to Rs 3,503.13 million

Bank Al Falah's profit after tax increases to Rs 3,503.13 million

The profit after tax of Bank Al Falah Limited has increased to Rs 3,503.130 million in the year ended December 31, 2011 as compared to Rs 968.452 million earned in the year 2010. The bank's earning per share increased to Rs 2.60 in the period under review
Published 03 Mar, 2012 12:00am
Nadra introduces new system to issue NICOP, POC in seven days

Nadra introduces new system to issue NICOP, POC in seven days

National Database and Registration Authority (Nadra) has introduced a new system through which applications for Pakistan Origin Card (POC) and National Identity Card for Overseas Pakistanis (NICOP) would be processed in only seven working days time.
Published 03 Mar, 2012 12:00am
Jamaat-e-Islami rally denounces US forces

Jamaat-e-Islami rally denounces US forces

Jamaat-e-Islami (JI) on Friday staged a protest rally to denounce the desecration of the Holy Quran by the US forces in Afghanistan. Hundreds of JI workers taking banners and placards in their hands participated in the anti-US rally. Chanting anti-US and
Published 03 Mar, 2012 12:00am
All legal means adopted for Aafia's release: Malik

All legal means adopted for Aafia's release: Malik

Minister for Interior, Rehman Malik on Friday said the government has adopted all legal and appropriate means for the release of Dr Aafia Siddiqui, imprisoned in United States. He was talking to Dr Fauzia Siddiqui, the sister of Dr Aafia, who called on th
Published 03 Mar, 2012 12:00am
July-December 2011: cement sector posts Rs 5.2 billion profit

July-December 2011: cement sector posts Rs 5.2 billion profit

Cement sector's financial performance during first half of current fiscal year has been quite impressive, as the sector profitability turned around and posted Rs 5.2 billion net profit against a loss of Rs 1.6 billion during same period of last fiscal yea
Published 03 Mar, 2012 12:00am
Disposal of taxpayers' complaints: FTO's office introduces new mechanism

Disposal of taxpayers' complaints: FTO's office introduces new mechanism

The office of Federal Tax Ombudsman and Federal Board of Revenue have implemented a new mechanism for early disposal of complaints filed by taxpayers during investigation phase before start of formal hearing by the FTO. Federal Tax Ombudsman (FTO) Dr Muha
Published 03 Mar, 2012 12:00am
PPP MPA, others booked on land-grabbing charges

PPP MPA, others booked on land-grabbing charges

Muzaffargarh Sadar Police have instituted a case against PPP's MPA Mehr Irshad Ahmed Seyal and his 15 accomplices on the charge of grabbing the 3 acres land owned by Muhammad Ijaz son of Wahid Bakhsh at gunpoint and torturing the owner.
Published 03 Mar, 2012 12:00am
'Wonder Women of the Year Award' to be held on March 8

'Wonder Women of the Year Award' to be held on March 8

National Hero Foundation (NHF) is organising the second 'Wonder Women of the Year Award' on 8th March, on the occasion of International Women's Day. This was announced by CEO NHF, Shaikh Rashid Alam in a press conference on Friday at Karachi Press Club, a
Published 03 Mar, 2012 12:00am
Paapam opposes decision on negative list

Paapam opposes decision on negative list

Pakistan Association of Automotive Parts & Accessories Manufacturers (Paapam) has strongly reacted to the government decision to abolish negative trade list with India by year end before providing level playing field to the Pakistani manufacturers who are
Published 03 Mar, 2012 12:00am
Menace of terrorism: Prime Minister vows support to Afghanistan

Menace of terrorism: Prime Minister vows support to Afghanistan

Prime Minister Syed Yousuf Raza Gilani on Friday expressed his resolve to continue support and co-operation with Afghanistan against the menace of terrorism. In a brief talk with mediamen after his arrival here at local airport, the Prime Minister, while
Published 03 Mar, 2012 12:00am
IMC 'Dream Car Art Contest' concludes

IMC 'Dream Car Art Contest' concludes

The sixth nation-wide Toyota 'Dream Car Art Contest' was concluded here on Friday after third regional event of the contest in the provincial metropolis. As many as 290 schools including schools for special children across the country participated in this
Published 03 Mar, 2012 12:00am
BISP all set to launch health insurance scheme

BISP all set to launch health insurance scheme

Benazir Income support Programme (BISP) is all set to launch health insurance scheme, expanding the benefits to its registered families and providing health cover of Rs 25,000 on annual basis. BISP has formally signed an agreement with State Life Insuranc
Published 03 Mar, 2012 12:00am
Principal, professor asked to appear before tribunal on March 5

Principal, professor asked to appear before tribunal on March 5

The Inquiry Tribunal holding inquiry into death of patients of PIC, died after using defective drugs, issued notices to Principal, Services Institute of Medical Sciences, Lahore Dr Faisal Masud, and Professor of Pharmacology, Fatima Jinnah Medical College
Published 03 Mar, 2012 12:00am
LCCI team leaves for Sudan

LCCI team leaves for Sudan

A seven-member LCCI delegation, accompanied by Ambassador of Sudan in Pakistan Al-Shafie Ahmed Mohammad, is leaving on Saturday on a five-day visit to Sudan. The delegation comprising LCCI Senior Vice President Kashif Younis Meher (head of the delegation)
Published 03 Mar, 2012 12:00am
LHC declares NTS test compulsory

LHC declares NTS test compulsory

Lahore High Court Chief Justice Azmat Saeed has declared the qualifying NTS test compulsory for making more transparent the recruitment system of Additional District and Session judges. The CJ has also started the objective test under NTS for further impr
Published 03 Mar, 2012 12:00am
Pakistan should export more goods to neighbouring states: US CG

Pakistan should export more goods to neighbouring states: US CG

US Consul General in Lahore, Nina Maria Fite, admitted that European or American markets are important for Pakistani traders and suggested that Pakistan should not concentrate on European or American markets. It should export more goods to China, India an
Published 03 Mar, 2012 12:00am
Rs 36 billion PIPIP project launched

Rs 36 billion PIPIP project launched

The government of Punjab has launched a mega project "Punjab Irrigated-Agriculture Productivity Improvement Project (PIPIP) of worth Rs 36 billon to bring revolutionary change in irrigation sector with an aim of crop per drop. This was stated during a pro
Published 03 Mar, 2012 12:00am
Attabad Lake water helps raise Tarbela water table

Attabad Lake water helps raise Tarbela water table

Around 40,000 cusecs water of the Attabad Lake in Hunza has been gushing into the almost emptied Tarbela Dam since Thursday after the Pakistan Army engineers dynamited the temporary blockade on the lake's spillway on Tuesday.
Published 03 Mar, 2012 12:00am
LDA to recruit assistant directors

LDA to recruit assistant directors

Lahore Develop-ment Authority (LDA) has issued offers for appointment to the 45 newly appointed assistant directors in various cadres of LDA. These posts include 16 vacancies of Assistant Director Town Planning, 13 slots of Assistant Director General Cadr
Published 03 Mar, 2012 12:00am
Iesco installs new transformers

Iesco installs new transformers

Islamabad Electric Supply Company (Iesco) has enhanced the capacity of Chaklala, Taxila and Mirpur (AJK) grid stations by installing new power transformers. According to the details, Iesco has installed 40 MVA new power transformer while replacing the exi
Published 03 Mar, 2012 12:00am
Khyber Pakhtoonkhwa: ANP gets 6; PPP bags 4 Senate seats

Khyber Pakhtoonkhwa: ANP gets 6; PPP bags 4 Senate seats

The ruling coalition of ANP and PPP on Friday clinched majority of the Senate seats of Khyber Pakhtoonkhwa. The ANP and PPP obtained 6 and 4 seats respectively, while the opposition parties JUI-F and PML-N got one each. Polling for the election of 12 Sena
Published 03 Mar, 2012 12:00am
PPP secures 4 seats from Balochistan

PPP secures 4 seats from Balochistan

Polls for 12 seats in Senate from Balochistan were held here on Friday. Pakistan People's party bagged four out of 12 seats as per unofficial results. According to details, polls process for 12 seats in Senate from Balochistan was completed here on Friday
Published 03 Mar, 2012 12:00am
Four from FATA elected Senators

Four from FATA elected Senators

Four candidates among the 11 contestants from Federally Administered Tribal Areas successfully sailed through the elections for the Upper House held here in the Parliament House on Friday. Hidayatullah, Najamul Hassan and Saleh Shah secured five votes eac
Published 03 Mar, 2012 12:00am
PPP wins 6 seats, MQM 3 and PML-F 1 from Sindh

PPP wins 6 seats, MQM 3 and PML-F 1 from Sindh

Six candidates of Pakistan People's Party (PPP) three of Muttahida Qaumi Movement (MQM) and one of Pakistan Muslim League-Functional (PML-F)' returned successful in Friday's Senate elections held on 10 seats of Sindh. Polling for the elections started at
Published 03 Mar, 2012 12:00am
Waheeda Shah could not cast vote

Waheeda Shah could not cast vote

The short-tempered Ms Waheeda Shah, PPP's candidate in by-election of PS-53, Tando Mohammad Khan, could not cast her vote in Senate election due to withholding of her by-election result; while, newly-elected MPA Hasnain Mirza took part in Senate election.
Published 03 Mar, 2012 12:00am
Arbab didn't cast his vote

Arbab didn't cast his vote

The self-exiled Chief of Pakistan Muslim League-Likeminded (PML-L) Arbab Ghulam Rahim didn't cast his vote in the Senate election, on Friday for being in London. The Senate election was held at committee room-1 of Sindh Assembly. The Senate election was h
Published 03 Mar, 2012 12:00am
A wake-up call!

A wake-up call!

"Wakeup, this is Senate-election-day," PPP MPA Imran Zafar Leghari was heard making calls to other MPAs for coming to Sindh Assembly to use their right of franchise. This scribe observed that PPP's MPA Imran Zafar Leghari was giving rings to fellow lawmak
Published 03 Mar, 2012 12:00am
Raisani's denial

Raisani's denial

Chief Minister of Balochistan Nawab Aslam Raisani on Friday said he does not know about the incidents of bargaining over the votes during the Senate elections. When asked about the bids worth millions being placed for Senate elections, Awan said, he is no
Published 03 Mar, 2012 12:00am
SCCI rejects 30 percent increase in freight trains' charges

SCCI rejects 30 percent increase in freight trains' charges

Sarhad Chamber of Commerce and Industry (SCCI) has rejected the 30 percent increase in freight trains' charges by the Pakistan Railways, and termed that the move was totally unjustified. SCCI President Afan Aziz, Vice President Ziaul Haq Sarhadi and Abid
Published 03 Mar, 2012 12:00am
Electricity and POL prices: MCCI urges government to withdraw decision

Electricity and POL prices: MCCI urges government to withdraw decision

Multan Chamber of Commerce & Industry (MCCI) has strongly criticised the present increase in petroleum products, saying that it would hit trade and industry hard besides raising the graph of inflation. President of MCCI Anis'A Sheikh demanded a relief pac
Published 03 Mar, 2012 12:00am
Punjab textile industry: SNGPL fails to increase gas supply

Punjab textile industry: SNGPL fails to increase gas supply

The Sui Northern Gas Private Limited (SNGPL) has failed to increase gas supply to textile industry, as the MD pledged in his mid-February visit to Aptma. Industry sources said that gas supply is yet restricted to twice a week to each zone in Punjab on rot
Published 03 Mar, 2012 12:00am
Boiler explodes at Pemra deputy director's house

Boiler explodes at Pemra deputy director's house

A boiler exploded with a 'big bang' in a house located in sector G-6/3 in the jurisdiction of Aabpra Police Station on Friday however, no loss of life is reported. Police said that boiler exploded inside the house of Pemra Deputy Director Jahanzeb. The ca
Published 03 Mar, 2012 12:00am
Parc, Pidsa sign accord on olive cultivation project

Parc, Pidsa sign accord on olive cultivation project

Pakistan Agricultural Research Council (Parc) and Pakistan Italian Debt-for-Development Swap Agreement (Pidsa) have signed an agreement for execution of the project "Promotion of Olive cultivation for economic development and poverty alleviation" in a cer
Published 03 Mar, 2012 12:00am
Hafeez Sheikh's status: Gilani advises Zardari to de-notify

Hafeez Sheikh's status: Gilani advises Zardari to de-notify

The Prime Minister Syed Yousaf Raza Gilani on Friday advised the President Asif Zardari to de-notify Dr Abdul Hafeez Shaikh Advisor to prime minister with the rank and status of Finance Minister, as passage and signing of 20th Constructional Amendment has
Published 03 Mar, 2012 12:00am
RCCI awards 'Mian Parvez Aslam Scholarship'

RCCI awards 'Mian Parvez Aslam Scholarship'

The Rawalpindi Chamber of Commerce and Industry (RCCI) has awarded 'Mian Parvez Aslam Scholarships' to 12 needy female students of the Government Degree College for Women Dhok Kala Khan. A simple ceremony in this regard was held here on Friday, where Chai
Published 03 Mar, 2012 12:00am
Two women among three smugglers nabbed

Two women among three smugglers nabbed

The capital police on Friday arrested three individuals (two women and one man) with 14 kilograms of hashish and a pistol along with rounds during checking at Shaheenabad. Station House Officer (SHO), Tarnol Police Station, Fazal-ur-Rehman and SI Ghulam S
Published 03 Mar, 2012 12:00am
FTO Office attained new heights during 2011: Suddle

FTO Office attained new heights during 2011: Suddle

Federal Tax Ombudsman (FTO) Dr Muhammad Shoaib Suddle on Friday announced that the FTO Office has achieved new heights during 2011, as taxpayers obtained record refunds of Rs 7.89 billion, as 181,880 customs duty drawback cases, involving refunds of Rs 6.
Published 03 Mar, 2012 12:00am
A Q Khan opens auditorium at DUHS Ojha campus

A Q Khan opens auditorium at DUHS Ojha campus

Dow University of Health Sciences (DUHS) has been honoured by the legend scientist Dr Abdul Qadeer Khan who visited Ojha Campus to inaugurate the auditorium named on him "Dr Abdul Qadeer Khan Auditorium". The inauguration ceremony was held on Friday at Oj
Published 03 Mar, 2012 12:00am
IB inspector killed

IB inspector killed

Unidentified gunmen here on Friday shot dead Inspector of Intelligence Bureau (IB), Bashir Khan and escaped from the scene. According to police, Bashir Khan was bringing his child to school on Warsak Road when outlaws ambushed his vehicle near Abasar Colo
Published 03 Mar, 2012 12:00am
Below-target production of pulses to decline further

Below-target production of pulses to decline further

The below target production of pulses in the country this year would further decline next financial year due to excessive frost and consequently commodity prices would significantly increase, agriculture experts told Business Recorder.
Published 03 Mar, 2012 12:00am
Flower show begins at Karachi Zoo

Flower show begins at Karachi Zoo

Three-day flower show organised by Karachi Metropolitan Corporation (KMC) inaugurated at Karachi Zoo on Friday, which will continue till March 04. The flower show open for three days, where many varieties of flowers are displayed by the KMC.
Published 03 Mar, 2012 12:00am
Son of Aslam Raisani booked for assaulting policemen

Son of Aslam Raisani booked for assaulting policemen

Sindh police on Friday booked the son of Chief Minister Balochistan Yadgar Raisani along with 17 other persons over the charge of drunken quarrel with the law enforcers. According to police sources, the jangle was witnessed at Defence Phase V, Khayaban-e-
Published 03 Mar, 2012 12:00am
SHO manhandles DSP over 'Hafta' distribution

SHO manhandles DSP over 'Hafta' distribution

A case of police malfeasance was reported in Korangi Industrial Area where a Station House Officer (SHO) blew a Deputy Superintendent of Police (DSP) with fists due to row over distribution of weekly collection (Hafta). According to police sources, SHO Ma
Published 03 Mar, 2012 12:00am
Isaf container scam: all suspended Customs officials reinstated: FTO

Isaf container scam: all suspended Customs officials reinstated: FTO

Federal Tax Ombudsman (FTO) Dr Muhammad Shoaib Suddle said on Friday that all suspended customs officials allegedly involved in Isaf container scam have been reinstated but Federal Board of Revenue would continue to conduct internal inquiry and disciplina
Published 03 Mar, 2012 12:00am
Tax officials: Ombudsman urges mindset change

Tax officials: Ombudsman urges mindset change

Federal Tax Ombudsman (FTO) Dr Muhammad Shoaib Suddle has categorically said reforms in tax administration have not helped in changing the mindset of the tax officials. In a press conference here on Friday, FTO observed that change in the mindset of offic
Published 03 Mar, 2012 12:00am
Abducted doctor recovered, 2 kidnappers arrested

Abducted doctor recovered, 2 kidnappers arrested

Anti Violent Crime Cell (AVCC) and Citizens Police Liaison Committee (CPLC) on Friday claimed to have recovered an abducted doctor and arrested two alleged kidnappers in a joint raid from Surjani area. According to CPLC officials, the captive Dr Khalid Me
Published 03 Mar, 2012 12:00am
EDB sets up six bodies to examine budget proposals

EDB sets up six bodies to examine budget proposals

Engineering Development Board (EDB) has constituted six sector committees to examine budget 2012-13 proposals of different engineering sectors. Official sources told Business Recorder that steel sector committee will be headed by Masood Gul, chemic
Published 03 Mar, 2012 12:00am
EDB sets up six bodies to examine budget proposals

EDB sets up six bodies to examine budget proposals

Engineering Development Board (EDB) has constituted six sector committees to examine budget 2012-13 proposals of different engineering sectors. Official sources told Business Recorder that steel sector committee will be headed by Masood Gul, chemic
Published 03 Mar, 2012 12:00am
Trade with India

Trade with India

The Federal Cabinet took a difficult but right step towards trade liberalisation with India on Wednesday, deciding to raise the number of importable items from 1,946 to 5,600. As many as 1,209 items, still on the negative list, are to be phased out by the
Published 03 Mar, 2012 12:00am
Foreign policy options

Foreign policy options

Foreign Minister Hina Rabbani Khar's foreign policy statement on Thursday following her visit to London was expected to be a usual affair. And her rather longish stay in Britain and then breaking journey at Dubai to watch cricket was again not much differ
Published 03 Mar, 2012 12:00am
The age of indiscipline

The age of indiscipline

Is this democracy I asked myself when I saw the by-election results of the country? Is this what we stand for? Is this what our image will be when it is carried forward and then is it not right that we, are treated by other nations the way we are? The win
Published 03 Mar, 2012 12:00am
US carmaker GM to compensate Apartheid victims

US carmaker GM to compensate Apartheid victims

For victims of South Africa's defunct Apartheid regime, it is a financially small, but symbolically important victory over a US corporate icon. This week, car giant General Motors agreed to pay up to 1.5 million dollars to a group of more than 20 South Af
Published 03 Mar, 2012 12:00am
Is education not right of the people of Sindh?

Is education not right of the people of Sindh?

Allah has bestowed pen and ink to man, so that he should use it for the service of human beings, however, there are certain users of the pen who, at times, misuse it. Such an example came into light when an article was published in a newspaper.
Published 03 Mar, 2012 12:00am
Executive programme to be conducted at KSBL

Executive programme to be conducted at KSBL

Dr Nelson Phillips will conduct a two-day Executive Education Programme for Karachi School for Business & Leadership (KSBL), on "High Impact Leadership", on the 6th & 7th of March, in Karachi. The course has been designed for Top and Middle Management Exe
Published 03 Mar, 2012 12:00am
Small traders slam government for hike in POL prices

Small traders slam government for hike in POL prices

Small traders on Friday slammed the PPP-led coalition government for increasing prices of petroleum products, saying the move would give rise to inflation and unemployment, besides cramping the economy. Talking to Business Recorder, All Karachi Tajir Itte
Published 03 Mar, 2012 12:00am
235 persons killed in Karachi since January 2012

235 persons killed in Karachi since January 2012

Targeted killings continue unabated in the city, as three more persons including two security guards of a private company were killed in separate incidents in different parts of the metropolis on Friday, pushing the death toll to 235 persons during the la
Published 03 Mar, 2012 12:00am
Conference on infectious diseases begins at LNH

Conference on infectious diseases begins at LNH

The ninth annual two-day conference on infectious diseases, being organised by Infectious Diseases Society of Pakistan (IDSP), kicks off here at Liaquat National Hospital (LNH) on Friday. During the conference, IDSP President Dr Ejaz Khan in his address s
Published 03 Mar, 2012 12:00am
Altaf greets newly-elected MQM Senators

Altaf greets newly-elected MQM Senators

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain has said that the end of decaying feudal system, corrupt political culture and dynastic politics had started. "Time is not far when educated, competent and honest people will be elected and reach in the a
Published 03 Mar, 2012 12:00am
KESC launches online bill payment service

KESC launches online bill payment service

The Karachi Electric Supply Company, in a major value addition to its alternate arrangements, has established an unprecedented, landmark system of online bill payment service with 12 leading banks of the country. In partnership with major banks, the KESC
Published 03 Mar, 2012 12:00am
Atmosphere of trust prevails: Russian official

Atmosphere of trust prevails: Russian official

Russian Trade Representative Yuri M. Kozlov in response to a welcome reception given in his honour by the Hyderabad Chamber of Commerce and Industry said that they have improved the trade relationship with Pakistan and are continuously working towards its
Published 03 Mar, 2012 12:00am
Senate elections: PPP criticises PML-L's strategy

Senate elections: PPP criticises PML-L's strategy

After failing to elect senators unopposed, provincial lawmakers of the ruling Pakistan Peoples Party (PPP) on Friday criticised its main opposition group in Sindh Assembly - Pakistan Muslim League - Likeminded (PML-L) for pushing the coalition government
Published 03 Mar, 2012 12:00am
ACCA organises 'new members ceremony'

ACCA organises 'new members ceremony'

ACCA Pakistan organised new members ceremony to acknowledge and welcome new members to the prestigious family of ACCA. The ceremony was held in Karachi the other day to celebrate the success and achievement of 197 new ACCA members from the Sindh region, w
Published 03 Mar, 2012 12:00am
Vfone subscribers: PTCL introduces new line rents

Vfone subscribers: PTCL introduces new line rents

In line with its sustained efforts to facilitate customers with value-added services, Pakistan Telecommun-ication Company Limited (PTCL) has introduced new line rents for unlimited use of Vfone to Vfone and Vfone to PSTN calls for all its existing and new
Published 03 Mar, 2012 12:00am
Sherry meets Malik

Sherry meets Malik

Pakistan's Ambassador to the United States, Sherry Rehman on Friday called on Minister for Interior, Rehman Malik and discussed matters relating to Pak-US bilateral relations. During the meeting issues about visa policy, Improvised Explosive Devices (IEDs
Published 03 Mar, 2012 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold fell on Friday, heading for its biggest weekly decline this year, in reaction to a stronger dollar and the metal remained vulnerable to drop further after a tumble earlier in the week shook bullion investor confidence. Losses in crude oil, euro and U
Published 03 Mar, 2012 12:00am
US MIDDAY: copper eases

US MIDDAY: copper eases

In New York, the active May COMEX contract eased 3 cents to settle at $3.903 per lb, down from $3.9315 per lb on Thursday, with only 39,000 lots traded so far on the day, well below average levels. Analysts said the direction for the weeks ahead will be d
Published 03 Mar, 2012 12:00am
US MIDDAY: soya rises

US MIDDAY: soya rises

US soyabeans advanced for the 10th session in a row while wheat rebounded from two sessions of losses on Friday, buoyed by rising export demand and bucking pressure from a strong dollar. Corn futures also trimmed early losses at the Chicago Board of Trade
Published 03 Mar, 2012 12:00am
Gold dips in London

Gold dips in London

Gold fell on Friday, under the weight of a firmer dollar, and was set for its largest weekly decline since mid-December after an aggressive sell-off earlier in the week, although investors showed no loss of appetite for the metal.
Published 03 Mar, 2012 12:00am
Gold up in Asia

Gold up in Asia

Gold edged higher on Friday as buyers slowly returned to the market, lured by Wednesday's plunge of 5 percent, although bullion is still heading for its worst weekly performance since December. Spot gold inched up 0.2 percent to $1,720.39 an ounce by 0518
Published 03 Mar, 2012 12:00am
Gold up 1.5 percent in New York

Gold up 1.5 percent in New York

Gold rose 1.5 percent on Thursday, rebounding above $1,700 an ounce as the previous session's 5 percent plunge induced investors to buy at lower prices on hopes the tumble was a healthy correction rather than the start of a bear market. The decline in ope
Published 03 Mar, 2012 12:00am
Sugar moves up

Sugar moves up

Sugar futures rose on Friday on jitters over possible production delays in the world's most important sugar growing area, the centre-south region of Brazil. The other softs markets lost ground amid broad weakness in the commodity sector. New York's May ra
Published 03 Mar, 2012 12:00am
Wheat, corn end lower

Wheat, corn end lower

Profit-taking pushed US corn and wheat futures lower on Thursday, but declines in wheat were limited by the first sale of US supplies to Iran in about three years and by prospects for more exports as Western sanctions have forced Tehran to scramble for fo
Published 03 Mar, 2012 12:00am
Palm oil drops

Palm oil drops

Malaysian crude palm oil futures fell on Friday as traders booked profits from a rally driven by surging crude oil prices and prospects of tighter soyoil supplies from South America. Prices rose more than six percent in February alone and have come under
Published 03 Mar, 2012 12:00am
Tokyo rubber futures rise

Tokyo rubber futures rise

Key TOCOM rubber futures edged higher to mark the third weekly gain in a row on Friday as rallies in oil and share prices and strong US car sales fuelled optimism over global demand. But caution that the market had rallied too far too fast kept investors
Published 03 Mar, 2012 12:00am
Oil falls two percent after surge on Saudi supply scare

Oil falls two percent after surge on Saudi supply scare

Oil prices fell 2 percent on Friday after Saudi Arabia eased investor concerns about a reported pipeline explosion that had pushed Brent to the highest level since 2008. Both Brent and US crude retreated and ended with weekly losses after Brent futures ju
Published 03 Mar, 2012 12:00am
Copper eases

Copper eases

Copper eased on Friday as continued concerns about slow demand from the metal's top consumer, China, and a stronger dollar kept prices under pressure. Benchmark copper on the London Metal Exchange (LME) closed at $8,580 a tonne, down 0.60 percent from Thu
Published 03 Mar, 2012 12:00am
Shanghai copper rises

Shanghai copper rises

The most-traded May copper contract on the Shanghai Futures Exchange rose 1.7 percent to 61,330 yuan ($9,700) a tonne at the close on Friday, tracking the LME's gains in the previous session. Copper steadied on Friday and is headed for its smallest weekly
Published 03 Mar, 2012 12:00am
New York cotton remains down

New York cotton remains down

Cotton futures ended lower on Friday for the third session in a row in the face of a stronger dollar and investor selling, and analysts said the weak tone should persist into next week. Benchmark May cotton on ICE Futures US fell 1.44 cents or over 1.5 pe
Published 03 Mar, 2012 12:00am
FBI chief seeks allies to fight cyber crime

FBI chief seeks allies to fight cyber crime

FBI director Robert Mueller warned a gathering of Internet security specialists on Thursday that the threat of cyber attacks rivals terrorism as a national security concern. The only way to combat cyber assaults is for police, intelligence agencies and pr
Published 03 Mar, 2012 12:00am
Cameron changes tack in Murdoch horse row

Cameron changes tack in Murdoch horse row

British Prime Minister David Cameron said on Friday he did ride a horse given by police to a Rupert Murdoch newspaper editor, seeking to end days of embarrassing confusion over an animal that has become an unlikely symbol of the phone hacking scandal.
Published 03 Mar, 2012 12:00am
Pentagon suffers Internet access outage

Pentagon suffers Internet access outage

An unspecified number of US Defence Department personnel in the Washington D.C. area and in the Midwest were cut off from the public Internet for nearly three hours on Thursday because of technical problems, a department spokeswoman said Friday. The outag
Published 03 Mar, 2012 12:00am
Laptop theft did not put space station in peril: NASA

Laptop theft did not put space station in peril: NASA

A stolen US space agency laptop containing codes that control the International Space Station did not put the orbiting lab in peril, a NASA spokesman said on Friday. The unencrypted notebook computer went missing in March 2011 and "resulted in the loss of
Published 03 Mar, 2012 12:00am
China denies dam drying up river in India

China denies dam drying up river in India

China denied Friday that a dam it was building on a major river in Tibet was impacting the lower reaches of the waterway in India, despite complaints that water-levels there were plunging. The Brahmaputra has its source in China's south-western Tibet regi
Published 03 Mar, 2012 12:00am
Italy says India must show respect in killings row

Italy says India must show respect in killings row

India must show respect for Italy, Defence Minister Giampaolo Di Paola said on Friday, in an escalating row over two Italian soldiers facing murder charges for killing two Indian fishermen. "We have a lot of respect for India and for the Indian people but
Published 03 Mar, 2012 12:00am
Libya former rebels guilty of war crimes, reprisals: UN

Libya former rebels guilty of war crimes, reprisals: UN

Libyan forces who battled Muammar Qadhafi's troops in 2011 committed war crimes and are still targeting alleged backers of the dead dictator and minority groups, a draft United Nations report published on Friday said. In its second report, the Internation
Published 03 Mar, 2012 12:00am
AU troops say seize Somalia al Shabaab base

AU troops say seize Somalia al Shabaab base

African Union and Somali government troops seized control of an al Shabaab insurgent base in the north of the capital on Friday, a move the AU troops said would reduce the rebels' capacity to launch attacks in the city. The capture of the Maslah training
Published 03 Mar, 2012 12:00am
Snow carpets Holy Land for first time in four years

Snow carpets Holy Land for first time in four years

Stormy weather that carpeted Jerusalem and much of northern Israel and the Palestinian territories with snow, the first in four years, left two fatalities in its wake on Friday. A light dusting of snow covered the Al-Aqsa mosque compound, the Western Wall
Published 03 Mar, 2012 12:00am
Expert hunts Hitler collection in Czech Republic

Expert hunts Hitler collection in Czech Republic

Up to 26 paintings from an art collection once owned by Nazi German dictator Adolf Hitler may still be on Czech soil, an expert said Friday after having announced his discovery of seven canvases. "The remaining paintings could still be here," Jiri Kuchar,
Published 03 Mar, 2012 12:00am
US security team attacked in Aden; no injuries: Pentagon

US security team attacked in Aden; no injuries: Pentagon

A Yemeni Islamist group linked to al Qaeda said on Friday it had attacked and killed a CIA officer in the southern province of Aden, but a Yemeni security official and the Pentagon said a US security team had been attacked but suffered no injuries.
Published 03 Mar, 2012 12:00am
Yunus rules out World Bank role

Yunus rules out World Bank role

Bangladesh's Muhammad Yunus, who won a Nobel Prize for his work in microfinance, said Friday he had no interest in becoming the new head of the World Bank despite being proposed for the position. The country's Prime Minister Sheikh Hasina put forward Yunu
Published 03 Mar, 2012 12:00am
Pasta-inspired radio waves could unclog the wireless world

Pasta-inspired radio waves could unclog the wireless world

Radio waves that move like pasta spirals could help unclog the wireless world by boosting the power of radio communications, Italian and Swedish researchers said Friday. The new way to make radio signals more potent without boosting bandwidth is described
Published 03 Mar, 2012 12:00am
Flights halted as Cyprus air traffic controllers strike

Flights halted as Cyprus air traffic controllers strike

Air traffic controllers on the Mediterranean resort island of Cyprus were staging a strike on Friday afternoon to protest against government austerity measures, said airports operator Hermes. A total of 32 flights at the two international airports of Larn
Published 03 Mar, 2012 12:00am
Red Cross tells Syria let Homs aid through

Red Cross tells Syria let Homs aid through

The Red Cross told Syria on Friday it was unacceptable that its aid convoy had been prevented from entering a battle-scarred district of Homs where the opposition said President Bashar al-Assad's army had committed a massacre. Baba Amro became a symbol of
Published 03 Mar, 2012 12:00am
UN deputy chief named

UN deputy chief named

UN leader Ban Ki-moon on Friday named former Swedish foreign minister Jan Eliasson as his new deputy in charge of the global body. Eliasson, 71, will take over as deputy secretary general from Asha-Rose Migiro of Tanzania after the UN summit on sustainabl
Published 03 Mar, 2012 12:00am
Serbia makes 'historic' leap into EU

Serbia makes 'historic' leap into EU

Serbia took a "milestone" leap towards EU membership when Europe's leaders granted Belgrade candidate status Thursday, opening a new chapter in the troubled history of the Western Balkans. "European Council grants Serbia EU candidate status," EU president
Published 03 Mar, 2012 12:00am
Women in world parliaments 'worryingly low'

Women in world parliaments 'worryingly low'

The number of women represented in parliaments around the world is "worryingly low" after the global average inched forward only half a percentage point in 2011 to 19.5 percent, said a report released on Friday by a global organisation of parliaments.
Published 03 Mar, 2012 12:00am
North Korea warns to launch 'sacred war' against South

North Korea warns to launch 'sacred war' against South

North Korea Friday renewed threats to launch a "sacred war" against South Korea, indicating cross-border ties will remain icy despite Pyongyang's surprise nuclear deal with Seoul's close ally Washington. The North's agreement to freeze some nuclear and mi
Published 03 Mar, 2012 12:00am
China accuses Dalai Lama of plotting Tibet 'turmoil'

China accuses Dalai Lama of plotting Tibet 'turmoil'

China's top political advisor has accused followers of the Dalai Lama of plotting to create "turmoil" in the country's Tibetan-inhabited areas as the anniversary of deadly 2008 riots approaches. Jia Qinglin, who is ranked number four in the Communist Part
Published 03 Mar, 2012 12:00am
Top Turkish generals face coup plot questions in court

Top Turkish generals face coup plot questions in court

Two former heads of Turkey's armed forces were called as witnesses on Friday in the trial over an alleged conspiracy to overthrow the government in 2003, starkly demonstrating the battered image of a once all-powerful top brass. While the generals' influe
Published 03 Mar, 2012 12:00am
Mexico troops kill 13 in battle with gunmen

Mexico troops kill 13 in battle with gunmen

Mexican troops have killed 13 gunmen in a shootout in the border town of Nuevo Laredo and seized weapons and drugs, officials said. The defense secretariat said in a statement late Thursday that 13 "assailants" had fallen while three soldiers were wounded
Published 03 Mar, 2012 12:00am
Sri Lanka win thriller to reach finals

Sri Lanka win thriller to reach finals

Sri Lanka held their nerve to end India's late bid for a tri one-day series finals spot with a gripping nine-run win over hosts Australia at the Melbourne Cricket Ground on Friday. The Sri Lankans dismissed David Hussey with five balls to spare, clinching
Published 03 Mar, 2012 12:00am
Tour de France time-trial distances increased

Tour de France time-trial distances increased

Time trials in this year's Tour de France in July will be five kilometres (3.1 miles) longer than previously announced, race organisers said on Friday. "This small change, which will take individual time-trials over 100 kilometres, is down to technical mo
Published 03 Mar, 2012 12:00am
Top seed Radwanska withdraws

Top seed Radwanska withdraws

Top seed Agnieszka Radwanska pulled out of the BMW Malaysian Open on Friday due to injury after a string of rain delays caused a schedule pile-up that forced her to face two opponents the day before. "I'm so sorry I can't continue. Had a great time in Mal
Published 03 Mar, 2012 12:00am
Previous Day