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 - 2012-03-09
'economy getting stronger': Obama
Top News

'economy getting stronger': Obama

PRINCE GEORGE: President Barack Obama said Friday the US economy was "getting stronger" after the release of figures sho
Published 09 Mar, 2012 06:16pm
US trade gap widens sharply in January
Top News

US trade gap widens sharply in January

WASHINGTON: The US trade deficit rose sharply in January, forging the biggest gap since October 2008 as imports surged,
Published 09 Mar, 2012 01:41pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI: Bullish trend continued at the Karachi share market on Friday amid six-year record high trading activities.
Published 09 Mar, 2012 01:40pm
US Treasuries flat ahead of jobs data
Top News

US Treasuries flat ahead of jobs data

LONDON: US Treasury prices were flat on Friday ahead of a widely watched US jobs data release and were seen sticking to
Published 09 Mar, 2012 01:35pm
OPEC trims 2012 oil demand forecast
Top News

OPEC trims 2012 oil demand forecast

VIENNA: The OPEC oil cartel on Friday trimmed its 2012 global oil demand growth forecast for the second time in two mont
Published 09 Mar, 2012 01:11pm
Boeing dwarfs Airbus orders in Jan-Feb
Top News

Boeing dwarfs Airbus orders in Jan-Feb

PARIS: European planemaker Airbus reshuffled its order book but sold no previously unassigned aircraft in February and r
Published 09 Mar, 2012 11:55am
SBP injects Rs346.250bn
Top News

SBP injects Rs346.250bn

KARACHI : State Bank of Pakistan ( SBP ), in its reverse repo open market operation in treasury bills and Pakistan Inves
Published 09 Mar, 2012 10:35am
Greece confirms landmark debt swap
Top News

Greece confirms landmark debt swap

ATHENS: Greece clinched a high-stakes debt swap on Friday, paving the way for an urgent bailout needed for the stricken
Published 09 Mar, 2012 08:11am
US may exceed growth forecast: Lagarde
Top News

US may exceed growth forecast: Lagarde

NEW YORK: IMF chief Christine Lagarde said the United States may exceed a previous forecast of 1.8 percent growth as the
Published 09 Mar, 2012 07:50am
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI: On Friday, until end of first half, KSE-100 Index remained positive and was at 13,353.83 with a positive change
Published 09 Mar, 2012 07:46am
Tokyo stocks up 1.54pc
Financial

Tokyo stocks up 1.54pc

TOKYO: Tokyo stocks rose 1.54 percent on Friday morning, briefly hitting their highest level in more than seven months t
Published 09 Mar, 2012 04:41am
T-bill auction: seal a bargain
BR Research

T-bill auction: seal a bargain

After a hard bargaining session- played between lenders and the borrower - in the previous treasury auction, which was held last month, a su
Published 09 Mar, 2012 12:00am
Debunking the options
BR Research

Debunking the options

"All options are on the table" is an oft heard phrase in the recent discourse revolving around the Iranian nuclear programme. With many iter
Published 09 Mar, 2012 12:00am
On S&Ps radar
BR Research

On S&Ps radar

Its not an easy time for any country in the world today. Asia-Pacific is no different; S&P had no sovereign upgrade in the region for the pa
Published 09 Mar, 2012 12:00am
IP gas line project: US didn't threaten Pakistan, says Hina

IP gas line project: US didn't threaten Pakistan, says Hina

Foreign Minister Hina Rabbani Khar on Thursday reiterated Pakistan's commitment to pursuing Iran-Pakistan gas pipeline project, saying Islamabad was not threatened by Washington with economic sanctions in this regard. Speaking to media persons at Foreign
Published 09 Mar, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (March 08, 2012).

Published 09 Mar, 2012 12:00am
IP gas line project: US didn't threaten Pakistan, says Hina

IP gas line project: US didn't threaten Pakistan, says Hina

Foreign Minister Hina Rabbani Khar on Thursday reiterated Pakistan's commitment to pursuing Iran-Pakistan gas pipeline project, saying Islamabad was not threatened by Washington with economic sanctions in this regard. Speaking to media persons at Foreign
Published 09 Mar, 2012 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Thursday (March 08, 2012).

Published 09 Mar, 2012 12:00am
IP gas line project: US didn''t threaten Pakistan, says Hina

IP gas line project: US didn''t threaten Pakistan, says Hina

Foreign Minister Hina Rabbani Khar on Thursday reiterated Pakistan''s commitment to pursuing Iran-Pakistan gas pipeline project, saying Islamabad was not threatened by Washington with economic sanctions in this regard. Speaking to media persons at Foreign
Published 09 Mar, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 09 Mar, 2012 12:00am
SECP approves internet trading regulations for KSE

SECP approves internet trading regulations for KSE

The Securities and Exchange Commission of Pakistan (SECP) has approved the Internet Trading Regulations for the Karachi Stock Exchange to ensure effective and improved monitoring of internet-based trading activities offered by brokers in the local capital
Published 09 Mar, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 09 Mar, 2012 12:00am
SECP approves internet trading regulations for KSE

SECP approves internet trading regulations for KSE

The Securities and Exchange Commission of Pakistan (SECP) has approved the Internet Trading Regulations for the Karachi Stock Exchange to ensure effective and improved monitoring of internet-based trading activities offered by brokers in the local capital
Published 09 Mar, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (March 08, 2012).

Published 09 Mar, 2012 12:00am
SECP approves internet trading regulations for KSE

SECP approves internet trading regulations for KSE

The Securities and Exchange Commission of Pakistan (SECP) has approved the Internet Trading Regulations for the Karachi Stock Exchange to ensure effective and improved monitoring of internet-based trading activities offered by brokers in the local capital
Published 09 Mar, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (March 08, 2012).

Published 09 Mar, 2012 12:00am
Osama's widows booked for illegal entry, stay

Osama's widows booked for illegal entry, stay

Interior Minister Rehman Malik on Thursday said cases were registered against the three widows of Osama bin Laden on the charges of illegally entering and living in Pakistan. Talking to media here, Malik said that the widows of the slain al Qaeda chief wo
Published 09 Mar, 2012 12:00am
The Weather

The Weather

The weather report on Thursday (March 08, 2012) and the forecast for Friday (March 09, 2012).

Published 09 Mar, 2012 12:00am
Osama's widows booked for illegal entry, stay

Osama's widows booked for illegal entry, stay

Interior Minister Rehman Malik on Thursday said cases were registered against the three widows of Osama bin Laden on the charges of illegally entering and living in Pakistan. Talking to media here, Malik said that the widows of the slain al Qaeda chief wo
Published 09 Mar, 2012 12:00am
US woman kept father's body in icebox for years

US woman kept father's body in icebox for years

A woman who kept her father's decomposing body in an ice box for years so she could continue to collect his Social Security checks was charged Thursday with mutilating his corpse and failing to lawfully dispose of his remains. Debra Fisher, 58, is current
Published 09 Mar, 2012 12:00am
US woman kept father's body in icebox for years

US woman kept father's body in icebox for years

A woman who kept her father's decomposing body in an ice box for years so she could continue to collect his Social Security checks was charged Thursday with mutilating his corpse and failing to lawfully dispose of his remains. Debra Fisher, 58, is current
Published 09 Mar, 2012 12:00am
Rules of business and delimitation bill approved by Senate

Rules of business and delimitation bill approved by Senate

The Upper House of the Parliament Thursday approved proposed Rules of Procedure and Conduct of Business in the Senate and "The Delimitation of Constituencies (Amendment) Bill, 2011, unanimously. The Senate approved the revised Rules of Procedure and Condu
Published 09 Mar, 2012 12:00am
Nisar underscores need for evolving joint anti-government strategy

Nisar underscores need for evolving joint anti-government strategy

Opposition leader in the National Assembly and PML(N) senior leader Chaudhry Nisar Ali Khan said that the present rulers have no justification to remain in power as the government has failed on all fronts. He said the people are praying for early departur
Published 09 Mar, 2012 12:00am
Railways locomotive drivers end strike

Railways locomotive drivers end strike

Locomotive drivers of the Pakistan Railways ended their country-wide strike here on Thursday after assurance of Federal Minister for Railways, Haji Ghulam Ahmad Bilour, that their problems would be resolved with approval of the Finance Ministry. Talking t
Published 09 Mar, 2012 12:00am
'No positive dengue case reported'

'No positive dengue case reported'

Executive District Officer Health Lahore Dr Inamul Haq has said that five suspected cases of dengue were noticed during the first week of March, but after laboratory tests, no positive dengue patient was confirmed. He disclosed this while addressing a med
Published 09 Mar, 2012 12:00am
EU to provide Rs 3.52 billion for Sindh education programme

EU to provide Rs 3.52 billion for Sindh education programme

The European Union (EU) would provide Euros 30 million (Rs 3.52 billion) for Sindh Education Sector Support Programme to improve quality and access to public education in the province. The financing agreement was signed on Thursday by the European Union A
Published 09 Mar, 2012 12:00am
SBP launches financial literacy programme

SBP launches financial literacy programme

State Bank of Pakistan (SBP) has launched the Nation-wide Financial Literacy Programme (NFLP) with an endowment from Asian Development Bank. SBP Executive Director, Muhammad Ashraf Khan disclosed this while addressing a press conference on Thursday. SBP D
Published 09 Mar, 2012 12:00am
MQM refutes Younus Habib's claims

MQM refutes Younus Habib's claims

Muttahida Qaumi Movement (MQM) spokesperson on Thursday has strongly refuted claims that MQM chief Altaf Hussain had never received money from any individual, inter-services intelligence (ISI) or any other agency that operated under the aegis of Governmen
Published 09 Mar, 2012 12:00am
Nadra to issue NICs to Bengalis, National Assembly body told

Nadra to issue NICs to Bengalis, National Assembly body told

The National Database and Registration Authority (Nadra) will issue National Identity Cards (NICs) to Bengalis whose parents came to Pakistan before December 16, 1947, officials of the Authority told National Assembly Standing Committee on Interior.
Published 09 Mar, 2012 12:00am
FECT, JSEM, CDCP teams visit Nadra centre

FECT, JSEM, CDCP teams visit Nadra centre

Four members Pakistan Flood Emergency Cash Transfer (FECT) Project joint supervision and Evaluation Mission (JSEM)-3 headed by Thomas Morris Citizens Damage Compensation Programme (CDCP Alternate Programme Manager along with Iftekhar Malik Senior social P
Published 09 Mar, 2012 12:00am
TRCG meeting to chalk out budgetary proposals in Karachi today

TRCG meeting to chalk out budgetary proposals in Karachi today

The ninth meeting of the Tax Reform Co-ordination Group (TRCG) would be convened at Karachi on Friday (today) to chalk out sales tax, income tax, federal excise duty (FED) and customs duty budget proposals for (2012-2013). Sources told Business Recorde
Published 09 Mar, 2012 12:00am
Naek's appointment as Law Minister under consideration

Naek's appointment as Law Minister under consideration

The ruling alliance is considering appointing Chairman Senate Farooq H Naek as the new Federal Law and Parliamentary Affairs minister in place of Senator Maula Bux Chandio, well informed sources revealed. Farooq Naek, senior PPP sources maintain, has the
Published 09 Mar, 2012 12:00am
Rs 357 billion paid to growers for purchase of 14.378 million bales

Rs 357 billion paid to growers for purchase of 14.378 million bales

Textile mills, exporters and ginners paid Rs 357 billion to the cotton growers for the purchase of 14.378 million cotton bales till March 1, 2012, All Pakistan Textile Mills Association (APTMA) told Business Recorder here on Thursday. They said tha
Published 09 Mar, 2012 12:00am
NAB tells Senate panel: SECP lapses resulted in 'loot and plunder'

NAB tells Senate panel: SECP lapses resulted in 'loot and plunder'

National Accountability Bureau (NAB) has categorically declared that the huge lapses on the part of the regulator ie Securities and Exchange Commission of Pakistan (SECP) resulted in loot and plunder of public funds through a well-planned white-collar fra
Published 09 Mar, 2012 12:00am
3-G licenses: government unlikely to raise estimated Rs 75 billion

3-G licenses: government unlikely to raise estimated Rs 75 billion

The government is unlikely to generate an estimated Rs 75 billion as non-tax revenue on account of auctioning of 3-G licenses in the current fiscal year to achieve the budget deficit target, it is learnt. Sources said that even if the government is succes
Published 09 Mar, 2012 12:00am
Gilani won't write letter to Swiss authorities: Bilour

Gilani won't write letter to Swiss authorities: Bilour

Prime Minister Yousuf Raza Gilani has rendered great sacrifices for Pakistan People's Party and he would not write letter to the Swiss authorities for reopening the graft cases against President Asif Ali Zardari, ANP leader and Federal Minister for Railwa
Published 09 Mar, 2012 12:00am
National Assembly session will now be held on March 14

National Assembly session will now be held on March 14

The 40th session of the National Assembly earlier scheduled for March 12 will now be held on March 14 due to Commonwealth Parliamentary Association's (CPA) conference in Karachi, it has been learnt. The President had summoned the last session of 4th parli
Published 09 Mar, 2012 12:00am
Government urged to formulate viable policy on CNG sector

Government urged to formulate viable policy on CNG sector

Secretary Ministry of Petroleum and Natural Resources, Mohammed Ejaz Chaudhary said on Thursday that the government should formulate a viable and workable policy on CNG sector as gas consumption is increasing everyday. He was briefing the Sub-Committee of
Published 09 Mar, 2012 12:00am
LCCI urges private sector to take part in budget-making process

LCCI urges private sector to take part in budget-making process

The Lahore Chamber of Commerce and Industry (LCCI) on Thursday urged the private sector participation in the budget-making process for ensuring the effectiveness of public spending, efficiency in services and accountability.
Published 09 Mar, 2012 12:00am
KBP calls for law to protect rural woman workers

KBP calls for law to protect rural woman workers

Kisan Board Pakistan (KBP) has urged the government to enact a law for the protection of rights of rural female workers who work 16 long hours daily in the field but given half of the wages as compared to their male counterparts. KBP offered, the non-gove
Published 09 Mar, 2012 12:00am
Khartoum governor to visit Pakistan soon: LCCI

Khartoum governor to visit Pakistan soon: LCCI

Governor Khartoum Abdelrahman Ahmed Elkhedir will visit Pakistan soon to further strengthen bilateral economic relations between the two brotherly countries. The Lahore Chamber of Commerce and Industry (LCCI) delegation headed by senior Vice President Kas
Published 09 Mar, 2012 12:00am
Zardari reiterates commitment to Balochistan's uplift

Zardari reiterates commitment to Balochistan's uplift

President Asif Ali Zardari on Thursday reiterated commitment of the government to the uplift of Balochistan and said the mega development projects would help address grievances of the Baloch people.
Published 09 Mar, 2012 12:00am
Sikandar Sherpao sympathises with bereaved family

Sikandar Sherpao sympathises with bereaved family

Pakistan People's Party Sherpao (PPPS) Provincial President Sikandar Hayat Sherpao on Thursday visited the bereaved family of Shaheed Constable Daud who was killed in Shabqadar blast. Sikander expressed sympathy with the bereaved family and prayed eternal
Published 09 Mar, 2012 12:00am
Court to frame charges against Awan on March 20

Court to frame charges against Awan on March 20

The apex court has decided to frame charge against recently elected Senator Pakistan People's Party (PPP) vice president and senior lawyer Dr Babar Awan on March 20 in a contempt case for addressing a highly controversial press conference against the cour
Published 09 Mar, 2012 12:00am
Jan for establishing truth, reconciliation commission

Jan for establishing truth, reconciliation commission

Jan Muhammad Jamali, the outgoing Deputy Chairman Senate on Thursday called for establishing a truth and reconciliation commission to make it transparent who compromised on national interest. There are two types of people-anti-state and anti-government-bu
Published 09 Mar, 2012 12:00am
Saudi Arabia gifts over 200 tons of dates to Pakistan

Saudi Arabia gifts over 200 tons of dates to Pakistan

Upon the directives of the Custodian of the Two Holy Mosques King Abdullah bin Abdulaziz Al Saud, the Saudi Embassy handed over 200 tons of luxury dates to the Pakistani government on Thursday, as a gift from the Kingdom of Saudi Arabia to the brotherly P
Published 09 Mar, 2012 12:00am
Development of corporate debt market

Development of corporate debt market

Delivering his keynote address at a conference on "long-term Debt Financing - Issues and Challenges for Pakistan" on 5th March, 2012, the Governor, State Bank, Yaseen Anwar, revealed that a joint task force of the SBP and Securities and Exchange Commissio
Published 09 Mar, 2012 12:00am
The 'missing'

The 'missing'

For a while the festering issue of enforced disappearances at the hands of security agencies has been under spotlight in the Supreme Court. While a protest camp has been set up by some of the 'missing' persons' relatives in Islamabad to seek the recovery
Published 09 Mar, 2012 12:00am
Taxing rights - lack of judicious distribution: FBR-SRB row

Taxing rights - lack of judicious distribution: FBR-SRB row

In August 2011, the Implementation Commission on the 18th Constitutional Amendment [the Commission] directed the Federal Board of Revenue (FBR) to review the existing tax laws with reference to Entries 49 and 50, Part I of the Fourth Schedule to the Const
Published 09 Mar, 2012 12:00am
Bilateral DFIs

Bilateral DFIs

Over the past few decades Pakistan has signed numerous high profile agreements pledging economic co-operation and established multiple bilateral Development Finance Institutions (DFIs). There are at least seven such bilateral DFIs in Pakistan, all of whom
Published 09 Mar, 2012 12:00am
Smeda, LCWU sign MoU

Smeda, LCWU sign MoU

The Small and Medium Enterprises Develop-ment Authority (Smeda) and Lahore College for Women University inked a Memorandum of Understanding (MoU) on Thursday to execute a joint programme on entrepreneurship. Smeda CEO Yousuf Naseem Khokhar and Lahore Coll
Published 09 Mar, 2012 12:00am
Sindh Assembly pays tribute to women

Sindh Assembly pays tribute to women

The Sindh Assembly on Thursday passed 'The Sindh Indus University Bill' unanimously to establish a higher education institution in Karachi, besides passing a resolution to pay tribute to women on International Women Day. Taking part in the debate over the
Published 09 Mar, 2012 12:00am
Alleged dacoit killed in encounter with police

Alleged dacoit killed in encounter with police

An alleged dacoit was killed in an encounter with police at Jamia Cloth Market traffic signal, police said on Thursday. The police also arrested two accused of street crimes in separate encounters. According to police, three bandits were looting at Jamia
Published 09 Mar, 2012 12:00am
HBL staff members create Guinness world records

HBL staff members create Guinness world records

Employees of Habib Bank Limited (HBL) created two Guinness world records at their annual sales conference which held on March 3rd. The records - created at the Sharjah Cricket Stadium, UAE - include the World's Longest Handshake Chain of 274 people beatin
Published 09 Mar, 2012 12:00am
One killed, six hurt in road accidents

One killed, six hurt in road accidents

A young man died and two others were injured in a road accident at Lucky Ramp, Northern Bypass on Thursday, Edhi sources said. They said the car overturned after getting hit by another unidentified vehicle. The deceased was identified as 30-year old Salma
Published 09 Mar, 2012 12:00am
Two bodies found

Two bodies found

Police recovered bodies of two people including a woman from different localities here on Thursday, police official and eyewitness said. Mobina Town police found a body of a man from a house in Gulshan-e-Iqbal block 3. An official at the station said the
Published 09 Mar, 2012 12:00am
Customs processes functioning smoothly under WeBOC

Customs processes functioning smoothly under WeBOC

Customs processes have been automated and are smoothly functioning under the indigenously developed WeBOC software at various terminals at Karachi port. In line with World Customs Organisation (WCO) theme "Borders Divide & Customs Connect" the Directorate
Published 09 Mar, 2012 12:00am
Turkish steel sector team meets KCCI office-bearers

Turkish steel sector team meets KCCI office-bearers

Chairman, Steel Exports Association of Turkey and Leader of Turkish Steel sector delegation, Namik Kemal Akinci said that Pakistan is a very important trading partner of Turkey. Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI) on T
Published 09 Mar, 2012 12:00am
FBR chairman to visit KCCI on March 13

FBR chairman to visit KCCI on March 13

Federal Board of Revenue (FBR) chairman Mumtaz Haider Rizvi will visit Karachi Chamber of Commerce and Industry on March 13 to discuss the issue of mandatory condition of CNIC/ NTN for all purchases made by any unregistered person.Almost all the trade bod
Published 09 Mar, 2012 12:00am
FBR chairman to visit KCCI on March 13

FBR chairman to visit KCCI on March 13

Federal Board of Revenue (FBR) chairman Mumtaz Haider Rizvi will visit Karachi Chamber of Commerce and Industry on March 13 to discuss the issue of mandatory condition of CNIC/ NTN for all purchases made by any unregistered person.Almost all the trade bod
Published 09 Mar, 2012 12:00am
Event to celebrate Pak-Japan diplomatic relations

Event to celebrate Pak-Japan diplomatic relations

Japan to organise "Japan Fest" to celebrate 60th anniversary of diplomatic relations between Pakistan and Japan. Addressing a press conference at Karachi Press Club, Ryo Ishikawa Cultural Consul Japan said that the Year 2012 marks the 60th anniversary of
Published 09 Mar, 2012 12:00am
Four of a family killed

Four of a family killed

At least four persons including two women were killed and two others injured when assailants attacked a house at Shaheen Town with automatic weapons during wee hours on Thursday. According to Tehkal police, the assailants attacked the house of Bilal Khan,
Published 09 Mar, 2012 12:00am
US MIDDAY: gold moves up

US MIDDAY: gold moves up

Gold rose almost 1 percent on Thursday, following the euro and US equities for a second day of gains, as economic optimism due to an expected conclusion of a Greece's bond deal boosted financial markets across the board. Bullion prices were lifted as Gree
Published 09 Mar, 2012 12:00am
US MIDDAY: copper up

US MIDDAY: copper up

In New York, the May COMEX contract rose 2.45 cents to settle at $3.7915 per lb on Thursday, after dealing between $3.7650 and $3.8310. Traders and analysts continued to cite key technical support near $3.70, where the 55-day moving average, the February
Published 09 Mar, 2012 12:00am
US MIDDAY: soya soars

US MIDDAY: soya soars

US soyabean futures held firm near a 5-month high on Thursday due to robust soyabean export sales and to a dollar weakened by optimism about a Greek bond swap. Wheat and corn turned weak after posting gains early in the session as traders exited at least
Published 09 Mar, 2012 12:00am
Gold rises in Europe

Gold rises in Europe

Gold edged higher on Thursday, but eased from session highs after the euro declined when the European Central Bank cut its growth forecasts for the region and signalled its role in fighting the debt crisis was over. Risk-linked assets such as the euro, wi
Published 09 Mar, 2012 12:00am
Gold up in Asia

Gold up in Asia

Gold edged higher on Thursday, extending gains into a second session, as fears about a messy default for Greece eased after signs it may be able to secure a crucial debt swap deal. Spot gold edged up 0.2 percent to $1,688.70 an ounce by 0720 GMT, standing
Published 09 Mar, 2012 12:00am
Gold soars in New York

Gold soars in New York

Gold prices rose on Wednesday, snapping a three-day losing streak, as hopes for a new US asset-purchase program and better prospects facing Greece's debt deal boosted risk appetite. Spot gold was up 0.6 percent at $1,684.76 an ounce by 3:35 p.m. EST (2035
Published 09 Mar, 2012 12:00am
Cocoa surges

Cocoa surges

Cocoa futures on ICE rose more than 5.5 percent on Thursday in a largely technical rally while arabica coffee slid to a 16-month low after an initial advance sputtered. Raw and white sugar were near unchanged. Analysts said after US cocoa futures had held
Published 09 Mar, 2012 12:00am
Wheat and corn tumble

Wheat and corn tumble

US wheat fell 3 percent to a one-week low and corn fell 2 percent on Wednesday as each posted their biggest daily loss in two months due to long-liquidation by commodity funds ahead of a key US government crop report on Friday, traders said. Funds sold 24
Published 09 Mar, 2012 12:00am
Palm oil gains

Palm oil gains

Malaysian crude palm oil futures extended gains on Thursday as investor sentiment brightened on hopes Greece would secure a debt swap deal to avoid a messy default, while promising US jobs data also supported prices. An upbeat price outlook for the edible
Published 09 Mar, 2012 12:00am
Tokyo rubber rises

Tokyo rubber rises

Tokyo rubber futures edged higher on Thursday on the back of firm oil prices, limited supply and hope for the resolution of Greece's debt woes, but profit-taking still capped the upside, dealers said. The benchmark rubber contract on the Tokyo Commodity E
Published 09 Mar, 2012 12:00am
Oil remains up

Oil remains up

Crude oil futures rose for a second day on Thursday as news of progress on Greece's bond swap deal fed hopes that the country would win enough creditor backing to avoid default. Tensions between Iran and the West over Tehran's nuclear ambitions provided f
Published 09 Mar, 2012 12:00am
Copper moves higher

Copper moves higher

Copper rose on Thursday as investors grew confident that Greece would complete a debt swap deal to avoid a chaotic default and as a weaker dollar supported base metals. Benchmark copper on the London Metal Exchange (LME) ended up 0.42 percent at $8,330 a
Published 09 Mar, 2012 12:00am
Shanghai copper flat

Shanghai copper flat

The most-traded May copper contract on the Shanghai Futures Exchange closed nearly flat at 59,500 yuan ($9,400) a tonne on Thursday. There will be a clearer view of China's copper appetite when Beijing releases commodity import numbers on Saturday. China'
Published 09 Mar, 2012 12:00am
New York cotton down, India decision on ban awaited

New York cotton down, India decision on ban awaited

Cotton futures finished lower on Thursday for the third straight session as traders and players waited for a meeting of government ministers in India to resolve the country's ban on cotton exports which has roiled fibre contracts, analysts said.The benchm
Published 09 Mar, 2012 12:00am
President reviews Sindh development projects

President reviews Sindh development projects

President Asif Ali Zardari on Thursday directed the officials of concerned departments to speed up work on high priority to infrastructure development projects particularly damaged roads network in Sindh, as the road and transport sector was the lifeline
Published 09 Mar, 2012 12:00am
4.2 percent growth target to be missed: Pide

4.2 percent growth target to be missed: Pide

The Pakistan Institute of Development Economic (Pide) has projected that Pakistan is likely to miss growth target of 4.2 percent for the ongoing fiscal year 2011-12 due to serious energy crisis, which continues to inflict a heavy toll on the economy.
Published 09 Mar, 2012 12:00am
2014 IHK polls: APHC rejects rumours

2014 IHK polls: APHC rejects rumours

The All Parties Hurriyet Conference (APHC) leaders, brushing aside the rumours about participation in so-called 2014 elections in Indian Occupied Kashmir, said that they would contest any elections only after settlement of the Kashmir dispute. According t
Published 09 Mar, 2012 12:00am
Textile industry likely to miss export target

Textile industry likely to miss export target

Due to severe energy shortage, textile industry of the country is likely to miss export target by dollars four billion during the current year, sources revealed. Informed sources revealed that textile export target of dollars 14 billion was estimated for
Published 09 Mar, 2012 12:00am
72kg of hashish seized

72kg of hashish seized

Capital City Police on Thursday foiled a bid of narcotics smuggling and arrested a smuggler with possession of 72 kilograms hashish, police said. On receiving a tipoff, CCPO Imtiaz Altaf formed a raiding squad under the supervision of SSP operation Tahir
Published 09 Mar, 2012 12:00am
DIBPL records Rs 316 million profit

DIBPL records Rs 316 million profit

The Board of Directors of Dubai Islamic Bank Pakistan Limited (DIBPL) recently held a meeting to approve its financial statements for the year ended December 31, 2011. DIBPL is a subsidiary of Dubai Islamic Bank UAE, the world's first Islamic bank. The Ye
Published 09 Mar, 2012 12:00am
DIBPL records Rs 316 million profit

DIBPL records Rs 316 million profit

The Board of Directors of Dubai Islamic Bank Pakistan Limited (DIBPL) recently held a meeting to approve its financial statements for the year ended December 31, 2011. DIBPL is a subsidiary of Dubai Islamic Bank UAE, the world's first Islamic bank. The Ye
Published 09 Mar, 2012 12:00am
BankIslami's profit after tax up Rs 409.556 million

BankIslami's profit after tax up Rs 409.556 million

The profit after tax of BankIslami Pakistan Limited has increased to Rs 409.556 million in the year ended December 31, 2011 as compared to Rs 46.550 million earned in the year 2010. The board of directors of the bank in its meeting, held on March 7, decla
Published 09 Mar, 2012 12:00am
BankIslami's profit after tax up Rs 409.556 million

BankIslami's profit after tax up Rs 409.556 million

The profit after tax of BankIslami Pakistan Limited has increased to Rs 409.556 million in the year ended December 31, 2011 as compared to Rs 46.550 million earned in the year 2010. The board of directors of the bank in its meeting, held on March 7, decla
Published 09 Mar, 2012 12:00am
Commercial import of used cars urged

Commercial import of used cars urged

All Pakistan Motor Dealers Association (APMDA) has requested the federal government to allow commercial import of 10-year used cars and those without an age limit for overseas Pakistanis. Local assemblers have increased prices manifold taking purchase of
Published 09 Mar, 2012 12:00am
Shortage of parking space: CDA fails to check illegal activity

Shortage of parking space: CDA fails to check illegal activity

Capital Development Authority (CDA) has failed to check the illegal activity of confiscating roadside for parking by a majority of hotels/guest houses/restaurants located in the capital's commercial as well as residential areas, according to a survey cond
Published 09 Mar, 2012 12:00am
Gilgit-Baltistan government cancels arm permits

Gilgit-Baltistan government cancels arm permits

Gilgit-Baltistan government has cancelled all arm permits as part of the efforts to maintain law and order in the region. This was revealed by Chief Minister Syed Mehdi Shah while addressing a joint meeting of the cabinet and elected members of Gilgit lat
Published 09 Mar, 2012 12:00am
SNGPL to carry out gas loadshedding for four days in a week

SNGPL to carry out gas loadshedding for four days in a week

Sui Northern Gas Pipelines Limited (SNGPL) has announced to carry out gas loadshedding for four days in a week in Faisalabad region from March 8, 2012 as a result more than 600 industries including textile units had been closed again.
Published 09 Mar, 2012 12:00am
Six bills passed in Punjab Assembly

Six bills passed in Punjab Assembly

In Punjab Assembly's 35th session here on Thursday, six bills- five unanimous and one by majority vote - were passed by the House. Rana Muhammad Iqbal was in the Chair.
Published 09 Mar, 2012 12:00am
'Kalabagh Dam to rid country of power crisis'

'Kalabagh Dam to rid country of power crisis'

President Pakistan Engineers Forum (PEF) said on Thursday that country's all gas requirements could be fulfilled by Qadirpur Gas Field while Kalabagh Dam will rid the country of power crisis. Talking to newsmen on Thursday, he added that ineligible and co
Published 09 Mar, 2012 12:00am
Five-year multiple visa to Pakistani traders soon: Brazil

Five-year multiple visa to Pakistani traders soon: Brazil

Five years multiple business visa will be granted to Pakistani Businessmen in near future, said Ambassador of Brazil Alfredo Leoni during a meeting with Faisalabad Chamber of Commerce and Industries (FCCI) office bearers and Business Community of Faisalab
Published 09 Mar, 2012 12:00am
Senior journalist looted

Senior journalist looted

Senior journalist Syed Nadeem-ul-Hassan, who is working with Business Recorder & AAJ group, was robbed of his belongings by two armed dacoits at Onkar Road in Krishan Nagar area in the wee hours on Thursday. The dacoits tortured on Hassan an
Published 09 Mar, 2012 12:00am
Gas pipeline project: 'US should not pressurise Pakistan, Iran'

Gas pipeline project: 'US should not pressurise Pakistan, Iran'

Iranian Consulate General, Muhammad Hussain Bani Asadi has said the US should not pressurise Pakistan and Iran on gas pipeline project. He was addressing a conference on "Pakistan's Internal and External Security: Challenges and Options" organised by Depa
Published 09 Mar, 2012 12:00am
Fire reduces 30 huts to ashes in Gulistan-e-Jahuar

Fire reduces 30 huts to ashes in Gulistan-e-Jahuar

Over 30 huts were reduced to ashes, as fire broke out in Gulistan-e-Jauhar area here on Tuesday. However, no casualty was reported in the incident, police and rescuers said. The incident occurred at the main university road near Mosmiat. The fire brigade
Published 09 Mar, 2012 12:00am
LHC seeks report from DCO Okara

LHC seeks report from DCO Okara

The Lahore High Court (LHC) here called for a report from DCO Okara and other respondents for March 29, in a petition praying to the court to restrain the respondents from the construction of a wall on the sewerage drain. The petitioner Muhammad Razwaz co
Published 09 Mar, 2012 12:00am
Whatmore ready for first challenge to Pakistan

Whatmore ready for first challenge to Pakistan

New Pakistan coach Dav Whatmore has is looking forward to the challenge of taking charge of a third Asian team and is confident the side can improve their standing in world cricket. Pakistan cricket team arrived Thursday in Dhaka to compete in the four-na
Published 09 Mar, 2012 12:00am
Dravid to announce retirement

Dravid to announce retirement

Indian batting superstar Rahul Dravid, the second-highest run scorer of all time in Tests, is set to announce his retirement from international cricket on Friday, reports say. The Press Trust of India and the Cricinfo website both said the 39-year-old was
Published 09 Mar, 2012 12:00am
Bangladesh includes Tamim after selection row

Bangladesh includes Tamim after selection row

Bangladesh cricket chiefs on Thursday added star opener Tamim Iqbal to the squad for the Asia Cup, reversing an earlier controversial decision by the board president to axe him. Bangladesh Cricket Board (BCB) spokesman Jalal Yunus told AFP the opener, wid
Published 09 Mar, 2012 12:00am
Five-star Messi takes Barca into 'new galaxy'

Five-star Messi takes Barca into 'new galaxy'

Lionel Messi's record five-goal haul in the 7-1 Champions League rout of Bayer Leverkusen prompted Barcelona coach Pep Guardiola to hail the Argentine master as the game's greatest talent. Guardiola was not alone in his admiration after the defending cham
Published 09 Mar, 2012 12:00am
History-making APOEL reach last eight

History-making APOEL reach last eight

APOEL became the first Cypriot team to reach the Champions League quarter-finals on Wednesday when they beat French favourites Lyon 4-3 on penalties after their last 16 tie was level 1-1 on aggregate after extra time. Goalkeeper Dionisis Chiotis was the h
Published 09 Mar, 2012 12:00am
Clarke to miss West Indies ODIs

Clarke to miss West Indies ODIs

Injured captain Michael Clarke will miss Australia's one-day international series in the West Indies later this month, Cricket Australia said on Thursday. Clarke will stay behind when the Australia team leaves on Friday for the Caribbean tour to have furt
Published 09 Mar, 2012 12:00am
Podolski to join Arsenal

Podolski to join Arsenal

Germany forward Lukas Podolski is to quit Cologne at the end of the season to join Arsenal for 13 million euros, the daily tabloid Bild said on Thursday. The German club, currently 14th in the Bundesliga, made no confirmation of the claim but Bild, which
Published 09 Mar, 2012 12:00am
FIFA chief not wrong to blast Brazil: Ronaldo

FIFA chief not wrong to blast Brazil: Ronaldo

Legendary Brazilian striker Ronaldo admitted Wednesday that FIFA chief Jerome Valcke was right to highlight the problems plaguing organisers of the 2014 World Cup in the country. FIFA general secretary Valcke infuriated Brazil when he said that the organi
Published 09 Mar, 2012 12:00am
McKay hero as Australia win final

McKay hero as Australia win final

Paceman Clint McKay bowled Australia to a 16-run victory over Sri Lanka to capture the One-day international tri-series in the third final at the Adelaide Oval on Thursday. Man of the match McKay claimed five wickets for 28 off 9.5 overs to go with his 28
Published 09 Mar, 2012 12:00am
New Zealand take lead

New Zealand take lead

New Zealand ground out a narrow lead over South Africa on the second day of the first Test in Dunedin Thursday, despite a four-wicket haul for Proteas paceman Vernon Philander. With the tourists bowled out for a disappointing first innings total of 238, P
Published 09 Mar, 2012 12:00am
Date-Krumm, King advance at Indian Wells

Date-Krumm, King advance at Indian Wells

Japanese veteran Kimiko Date-Krumm and Vania King of the United States won their opening matches at the WTA Tour's Indian Wells tournament on Wednesday. Date-Krumm breezed past Pauline Parmentier of France 6-1, 6-3 and American Vania King surprised world
Published 09 Mar, 2012 12:00am
China backs down from legalising secret detentions

China backs down from legalising secret detentions

China has abandoned controversial plans to make it legal to "disappear" criminal suspects following a huge public outcry, in a move hailed as a victory for judicial reformers. Proposed changes to China's criminal law being debated this week by the parliam
Published 09 Mar, 2012 12:00am
US House approves small business jobs bill

US House approves small business jobs bill

In a rare display of bipartisanship in an election year, the House of Representatives voted overwhelmingly on Thursday to make it easier for small businesses, seen as a driver of US economic growth, to raise capital. With both Democrats and Republicans ea
Published 09 Mar, 2012 12:00am
Thousands of Romanian coal miners protest

Thousands of Romanian coal miners protest

Thousands of miners from Romania's mountainous Jiu valley marched through the streets of Petrosani for the fourth successive day on Thursday in a pay protest, after the collapse of talks with the economy ministry. Local media said some 5,000 miners from a
Published 09 Mar, 2012 12:00am
Italy's government wins confidence vote

Italy's government wins confidence vote

Italy's technocrat government won a confidence vote on Thursday on measures to cut bureaucracy, confirming Prime Minister Mario Monti still commands a comfortable majority after tensions rose this week among the parties that back him. The government won t
Published 09 Mar, 2012 12:00am
Pentagon aims to keep Asia power balance

Pentagon aims to keep Asia power balance

The United States is shifting more military muscle, including another aircraft carrier, to the Pacific to protect the status quo in a region facing China's growing clout, the Pentagon's second-ranking official said on Thursday.
Published 09 Mar, 2012 12:00am
Top Qadhafi official gets Niger government role

Top Qadhafi official gets Niger government role

Niger has given Muammar Qadhafi's former chief of staff a diplomatic passport and an advisory role in government, sources said on Thursday, a move likely to worsen Niger's fraying relationship with Libya's new leaders. Bashir Saleh Bashir was one of Qadha
Published 09 Mar, 2012 12:00am
UN draws up Syria aid plan to feed 1.5 million

UN draws up Syria aid plan to feed 1.5 million

The United Nations is readying food stocks for 1.5 million people in Syria as part of a 90-day emergency plan to help civilians deprived of basic supplies after nearly a year of conflict. The world body awaited the results of a three-day visit to Syria by
Published 09 Mar, 2012 12:00am
Women leaders call for greater equality

Women leaders call for greater equality

UN women leaders on Thursday called for greater equality between the sexes on the occasion of International Women's Day amid demonstrations and marches for female rights. Speaking in Rabat, Michele Bachelet, a former president of Chile who now heads UN Wo
Published 09 Mar, 2012 12:00am
US designates Argentina as major money laundering country

US designates Argentina as major money laundering country

Argentina, Curacao and St Maarten have been designated as "major money laundering countries," a State Department report said Thursday, moving them up a notch on a money laundering watchlist. The annual International Narcotics Control Strategy report moved
Published 09 Mar, 2012 12:00am
Vatican added to money-laundering 'concern' list

Vatican added to money-laundering 'concern' list

The Vatican has for the first time appeared on the US State Department's list of money-laundering centres but the tiny city-state is not rated as a high-risk country. The 2012 International Narcotics Control Strategy Report was made public on Wednesday an
Published 09 Mar, 2012 12:00am
Previous Day