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Archive - 2012-03-10
Rates of commodities in Lahore
Markets

Rates of commodities in Lahore

LAHORE: Agriculture Marketing Information Service Punjab (AMISP) issued rates of agriculture products in local market on
Published 10 Mar, 2012 11:36am
Israeli air strikes kill 15 in Gaza
Top News

Israeli air strikes kill 15 in Gaza

GAZA CITY: Israeli air strikes on Gaza killed 15 Palestinians, including a militant group chief, medics said on Saturday
Published 10 Mar, 2012 11:15am
Rs142mn released for sewerage project
Top News

Rs142mn released for sewerage project

KHAN PUR: Punjab government has released Rs142 million to improve sewerage system of the city. This was disclosed b
Published 10 Mar, 2012 10:26am
Slovaks begin voting in election
Europe

Slovaks begin voting in election

BRATISLAVA: Slovaks began voting in a general election Saturday with the opposition leftist Smer-Social Democracy tipped
Published 10 Mar, 2012 06:17am
President highlights importance of media

President highlights importance of media

President Asif Ali Zardari on Friday reiterated the government's commitment to continue working for the development of media in the country and upholding freedom of information. He said that the democratically elected government considers media as an impo
Published 10 Mar, 2012 12:00am
APTMA rejects 'anti-export' move

APTMA rejects 'anti-export' move

Chairman, All Pakistan Textile Mills Association (APTMA), Mohsin Aziz while rejecting regulating raw cotton and yarn exports on demand of valued-added textile manufacturers, said that the move was totally unjustifiable. Speaking at a press conference here
Published 10 Mar, 2012 12:00am
NAB has recovered millions of rupees

NAB has recovered millions of rupees

NAB has been successful in recovering huge amounts ranging in million of rupees in various cases and about Rs 108 million have been recovered so far through the option of plea bargains during the first two months of the current year. NAB executive board a
Published 10 Mar, 2012 12:00am
BISP received Rs 30 billion in eight months

BISP received Rs 30 billion in eight months

The Ministry of Finance released Rs 30 billion to Benazir Income Support Programme (BISP) during the first eight months of the current fiscal year against the target of Rs 50 billion set for 2011-12 while the programme has received Rs 102 billion since it
Published 10 Mar, 2012 12:00am
Anti-terrorism law being enacted: IGP Punjab

Anti-terrorism law being enacted: IGP Punjab

Punjab Inspector General of Police (IGP) Haji Habibur Rehman said on Friday that a law was being enacted to root out terrorism and punish terrorists. He was addressing a news conference at RPO office. The IG suspended a DSP and two inspectors on complaint
Published 10 Mar, 2012 12:00am
Excessive mobile phone use affects sleep among teens: study

Excessive mobile phone use affects sleep among teens: study

Teenagers who excessively use their cell phones are more prone to disrupted sleep, restlessness, stress and fatigue, according to a research. The study, authored by Gaby Badre, MD, PhD, of Sahlgren's Academy in Gothenburg, Sweden, focused on 21 healthy su
Published 10 Mar, 2012 12:00am
GCU organises book fair

GCU organises book fair

Pakistani youth have retained their interest in books, even in the cyber age. It was proved at the three-day Grand Book Fair, organised by the Government University Lahore under the auspices of its Library Society. The students purchased over 21,101 books
Published 10 Mar, 2012 12:00am
Former MPA's bail extended

Former MPA's bail extended

The Lahore High Court extending the bail of former MPA Haji Emdad Hussain, and adjourned the proceedings with the directions to resolve the matter amicably. Earlier, investigating officer informed the court that the applicant had grabbed 1.8 million from
Published 10 Mar, 2012 12:00am
Construction of Kalabagh dam: PIAF seeks Punjab Assembly resolution

Construction of Kalabagh dam: PIAF seeks Punjab Assembly resolution

Pakistan Industrial and Traders' Associations Front (PIAF) on Friday called for a Punjab Assembly resolution to pave the way for early construction of Kalabagh dam as any further delay while waiting for a consensus would turn the country into a desert due
Published 10 Mar, 2012 12:00am
PLDDB begins training of 200 AIAs

PLDDB begins training of 200 AIAs

Punjab Livestock and Dairy Development Board (PLDDB) has launched the training of second batch of 200 Artificial Insemination Assistants (AIAs) under its project entitled 'strengthening of AI services through skill development of rural youth.' Two hundred
Published 10 Mar, 2012 12:00am
Pakistan lagging far behind in tunnel farming

Pakistan lagging far behind in tunnel farming

Pakistan was lagging far behind in tunnel farming, while we blessed with four seasons and we could harvest high value crops and can earn huge amount by investing in tunnel farming, said University of Agriculture Faisalabad (UAF) Vice Chancellor Professor
Published 10 Mar, 2012 12:00am
Water in Mangla dam reaches dead level today

Water in Mangla dam reaches dead level today

The second biggest water reservoir Mangla dam on river Jhelum will reach its dead level of 1040 ft above the sea level on Saturday (today), Water and Power Development Authority (Wapda) engineers told Business Recorder on Friday. They said that the
Published 10 Mar, 2012 12:00am
Doodh Mela continues for second day

Doodh Mela continues for second day

On the second day of the three-day Doodh Mela and Dairy Expo 2012 milk competition 70 progressive farmers' animals participated in the event. The maximum milk potential was recorded among Cows including pure Sahiwal breed 28 liters twice a day, exotic ani
Published 10 Mar, 2012 12:00am
LCCI calls for disbandment of Nepra

LCCI calls for disbandment of Nepra

The Lahore Chamber of Commerce and Industry (LCCI) on Friday appealed to the Prime Minister to disband National Electric Power Regulatory Authority (Nepra) for its failure to protect interests of consumers under clause 31 of Nepra Act.
Published 10 Mar, 2012 12:00am
Split degree programmes: university of Glasgow, UAF to sign MoU

Split degree programmes: university of Glasgow, UAF to sign MoU

The University of Glasgow, Scotland, UK and University of Agriculture Faisalabad (UAF) will sign a Memorandum of Understanding to initiate split degree programmes in social sciences in a bid to get benefit from each other's expertise.
Published 10 Mar, 2012 12:00am
Gas supply to industries remains suspended

Gas supply to industries remains suspended

Gas supply to industrial sector in Faisalabad Region remained suspended on the second consecutive day, here on Friday, while Sui Northern Gas Pipelines Limited (SNGPL) authorities announced that the current gas load shedding will continue for four days. G
Published 10 Mar, 2012 12:00am
Special children: comprehensive policy to be evolved: Shahbaz

Special children: comprehensive policy to be evolved: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that provincial government will evolve a comprehensive policy for providing education and training in various skills to special children so that they could become useful citizens and play their due ro
Published 10 Mar, 2012 12:00am
Wheat procurement in Multan to begin from April 15

Wheat procurement in Multan to begin from April 15

The Food Department will commence wheat procurement in Multan from April 15 and the department is targeted to purchase 1.99 lac ton wheat from the farmers. Chairing a meeting to review arrangements for wheat procurement operation, the district co-ordinati
Published 10 Mar, 2012 12:00am
Lawyers observe black day against Musharaf's actions

Lawyers observe black day against Musharaf's actions

The lawyers' community observed black day against the actions of the former dictator on March 9, 2007. Black flags were hoisted on the roof of the bar rooms and lawyers also wore black bandages. The bars also passed resolutions and condemned the actions o
Published 10 Mar, 2012 12:00am
Substandard goods will not be tolerated: Minister

Substandard goods will not be tolerated: Minister

The substandard preparation of goods would not be tolerated in any case. The Federal Minister for Science and Technology, Mir Changez Khan Jamali issued this warning during his visit to Pakistan Standards and Quality Control Authority (PSQCA), Head Office
Published 10 Mar, 2012 12:00am
Car sales increased 16 percent in eight months

Car sales increased 16 percent in eight months

Car sales in the country increased by 16 percent to 111,898 units in the first eight months of current fiscal year (FY12) as compared to 96,142 units in same period last year. The volumetric growth primarily stems from June to July deferred sales to avail
Published 10 Mar, 2012 12:00am
JSM announces protests against disappearance of Dr Marri

JSM announces protests against disappearance of Dr Marri

Jeay Sindh Mahaz (JSM) on Friday announced the all over Sindh protests on March 11 (tomorrow) against the missing of Dr Mir Alam Marri leader of JSQM. This decision has been made during the hurriedly called meeting central body of JSM held at Sindh House
Published 10 Mar, 2012 12:00am
SU announces MA results

SU announces MA results

The Controller of Examinations University of Sindh has announced result of college side M.A (previous) Post Graduate classes' annual examination of 2010 on Friday. The University has declared 7 candidates pass in M.A previous English, 29 candidates in M.A
Published 10 Mar, 2012 12:00am
Al-HAJ FAW Motors to assemble Chinese light vehicles

Al-HAJ FAW Motors to assemble Chinese light vehicles

Al-HAJ FAW Motors private Limited has announced that it will start assembling of Chinese light vehicles in Pakistan and initially an investment of one billion has been made in the automobile sector. Unveiling ceremony of Al-HAJ FAW cars held on Friday at
Published 10 Mar, 2012 12:00am
KSE admits M/s Dugan Securities as corporate member

KSE admits M/s Dugan Securities as corporate member

The Karachi Stock Exchange (KSE) has accepted the corporate membership application of M/s Dugan Securities (Private) Limited on the nomination of M/s MYTP Securities (Private) Limited, corporate member. Accordingly, M/s Dugan Securities has been admitted
Published 10 Mar, 2012 12:00am
Bomb rumours at Karachi University cause panic

Bomb rumours at Karachi University cause panic

Panic gripped Karachi University on Friday following rumours about bomb within the campus. According to details, students were ordered to vacate the campus immediately after rumours that a bomb was planted within the university area. However, SHO Mobina T
Published 10 Mar, 2012 12:00am
'Contract killer' arrested

'Contract killer' arrested

Sindh police claimed to have arrested a contract killer in a raid on Friday. According to SP Khurram Waris, the police on a tip-off conducted a raid near Feroze Textile Mill on Rashid Minhas Road. A contract killer namely Raheem Mama alias Raheem Bux was
Published 10 Mar, 2012 12:00am
CNG stations' closure

CNG stations' closure

Sui Southern Gas Company has announced that all CNG stations in Sindh province will remain closed from 11pm on Saturday (today) to 11pm on Sunday for 24 hours under the agreed gas load management programme.
Published 10 Mar, 2012 12:00am
Polio immunisation drive

Polio immunisation drive

Deputy Commissioner (South) Mustafa Jamal Kazi has urged upon the administrators, principals and head masters of schools of district South to cooperate with polio teams during the three-day polio eradication campaign starting from March 12.
Published 10 Mar, 2012 12:00am
SRB identifies 8,685 service-providing firms, individuals

SRB identifies 8,685 service-providing firms, individuals

In a move to enhance its tax-base, Sindh Revenue Board (SRB) has identified 8,685 service providing companies and individuals which could be come under the umbrella of sales tax on services, Business Recorder learnt on Friday. Official sources insi
Published 10 Mar, 2012 12:00am
Naval chief visits forward bases and installations

Naval chief visits forward bases and installations

Chief of the Naval Staff, Admiral Muhammad Asif Sandila, Friday visited the forward naval bases and installations in the coastal areas of Gwadar and Pasni to review the operational preparedness of Pakistan Navy. The Naval Chief was accompanied by Commande
Published 10 Mar, 2012 12:00am
KTBA elects new office-bearers

KTBA elects new office-bearers

Karachi Tax Bar Association (KTBA) has elected new office bearers for the year 2012: Newly elected office bearers and members include, President Munawwar Hussain Shaikh, Vice-President Syed Rehan Hasan Jafri, General Secretary Iqbal Ahmad Abdan, Joint Sec
Published 10 Mar, 2012 12:00am
Gem, jewellery exports may touch $1.5 billion mark

Gem, jewellery exports may touch $1.5 billion mark

Gem and jewellery sector has the potential of fetching 1.5 billion dollars exports in next three years. Its expansion and exports, however, depend on providing the sector with latest technology, training and supportive infrastructure, according to Ahmad J
Published 10 Mar, 2012 12:00am
Five killed in road accident

Five killed in road accident

At least five persons of a family were killed and 13 others sustained injuries on Friday in head on collision between a bus carrying a wedding party and truck near Burewala. According to police, the passenger bus was going to Manchanabad from Dunyapur whe
Published 10 Mar, 2012 12:00am
Sale of smuggled cigarettes up by 65 percent

Sale of smuggled cigarettes up by 65 percent

The sale of counterfeit, low price brands and smuggled cigarettes is rapidly gripping the domestic market, causing heavy loss to the exchequer. Market sources told Business Recorder here on Friday that the sale of smuggled cigarettes has increased
Published 10 Mar, 2012 12:00am
Trade with India: textile industry for abolishing non-ad valorem duties

Trade with India: textile industry for abolishing non-ad valorem duties

Textile industry of the country has urged the government to create level playing field for normalisation of trade with India by abolishing non-ad valorem duties imposed by India, it is learnt reliably. Stakeholders urged the government to negotiate with I
Published 10 Mar, 2012 12:00am
SECP registers 353 companies in February

SECP registers 353 companies in February

The SECP registered 353 companies in February as compared to 356 companies during previous month. The private companies have the highest share in the new incorporations, ie, 319, followed by 21 single-member companies, 5 public unlisted companies, 3 non-p
Published 10 Mar, 2012 12:00am
Hilal-e-Pakistan award approved for Princess Maha Chakri

Hilal-e-Pakistan award approved for Princess Maha Chakri

President Asif Ali Zardari on Friday approved conferment of Hilal-e-Pakistan upon Princess Maha Chakri Sirindhorn of Thailand and Sitara-i-Imtiaz (Posthumous) on Dr Zaheer Ahmed. Spokesperson to the President Farhatullah Babar said that Princess Sirindhor
Published 10 Mar, 2012 12:00am
Indo-Pak trade: PBIT to organise conference in April

Indo-Pak trade: PBIT to organise conference in April

With a view to comprehend implications of trade between India and Pakistan, to study its overall impact on our economy and to provide a road map to protect interests of Pakistani consumers and industry, Punjab Board of Investment and Trade (PBIT) is organ
Published 10 Mar, 2012 12:00am
High market prices help increase earnings of 13-acre landholders

High market prices help increase earnings of 13-acre landholders

The earnings of the rural population with landholdings of 13 acres and above have substantially increased due to increased market price of important crops like wheat, sugarcane, paddy, cotton, maize, pulses, vegetables and livestock. Contrary to general p
Published 10 Mar, 2012 12:00am
Police 'informer' among two shot dead

Police 'informer' among two shot dead

An alleged police informer was targeted in the limits of Sohrab Goth police station on Friday. According to police sources, the incident of targeted killing was witnessed at Faqira Goth where two armed riders sprayed a police informer namely Muzamil, 35 s
Published 10 Mar, 2012 12:00am
Transport department in Khyber Pakhtunkhwa to issue driving licences

Transport department in Khyber Pakhtunkhwa to issue driving licences

The Khyber Pakhtunkhwa (KP) government has decided to transfer the issuance of driving licences from police to the Transport Department with immediate effect. It was further decided that driving license branch of police will work under the Transport Depar
Published 10 Mar, 2012 12:00am
Pathanay Khan remembered

Pathanay Khan remembered

Renowned folk singer Pathanay Khan's death anniversary was observed on Friday. He was a great Seraiki folk singer of the country. He sang mostly Kafis or Ghazals, which were largely based on the Sufi poetry of Khwaja Ghulam Farid and Shah Hussain. Khan wa
Published 10 Mar, 2012 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose above $1,700 an ounce in heavy trade on Friday, reversing early sharp losses as the metal took heart from gains in crude oil and US equities' after an encouraging US nonfarm payrolls report. Bullion, which has taken to following riskier assets,
Published 10 Mar, 2012 12:00am
US MIDDAY: copper jumps

US MIDDAY: copper jumps

In New York, the May COMEX contract shot up 6.70 cents, or 1.8 percent, to settle at $3.8585 per lb on Friday, near the upper end of the session's $3.7880 to $3.8775 range. The day began with uninspiring data out of China that showed factory output and re
Published 10 Mar, 2012 12:00am
US MIDDAY: soya eases

US MIDDAY: soya eases

Soyabeans turned lower on profit-taking after rising to the highest level in 5-1/2 months on Friday fuelled by larger-than-expected cuts to the crop in drought-hit South American. The benchmark Chicago Board of Trade May soyabean contract slipped 0.3 perc
Published 10 Mar, 2012 12:00am
Gold plummets in Europe

Gold plummets in Europe

Gold fell sharply on Friday, driven by a rising dollar after data showed the US economy created more jobs than expected over the last three months, lessening prospects the Federal Reserve will keep interest rates low for an extended period. Employers adde
Published 10 Mar, 2012 12:00am
Gold rises in New York

Gold rises in New York

Gold rose 1 percent on Thursday, following the euro and US equities for a second day of gains, as an expected conclusion of a Greek bond deal boosted financial markets across the board. Spot gold was up 1.1 percent at $1,702.70 an ounce by 3:19 pm EST (20
Published 10 Mar, 2012 12:00am
Coffee falls

Coffee falls

Arabica coffee futures on ICE Friday retreated toward the 16-month low set earlier this week as prospects of a record global crop in 2012/13 threw the market on the defensive. ICE cocoa extended the gains from its technically driven surge of Thursday, whi
Published 10 Mar, 2012 12:00am
Soya climbs

Soya climbs

US soyabean futures rose to their highest price in more than five months on Thursday on bullish export figures and a dollar weakened by optimism that a successful Greek bond swap might prevent a default by the highly indebted euro zone member. Soyabeans h
Published 10 Mar, 2012 12:00am
Palm oil touches nine-month high

Palm oil touches nine-month high

Malaysian crude palm oil futures hit their highest in nine months on Friday, buoyed by an improved global outlook and upbeat price forecasts for the edible oil from analysts at a key conference. Benchmark May palm oil futures on the Bursa Malaysia Derivat
Published 10 Mar, 2012 12:00am
Tokyo rubber jumps

Tokyo rubber jumps

Tokyo rubber futures jumped 3 percent at one stage on Friday on the back of rising oil and share prices before investors opted to take profits ahead of the weekend, dealers said. The benchmark rubber contract on the Tokyo Commodity Exchange for August del
Published 10 Mar, 2012 12:00am
Oil prices stay up on US jobs data

Oil prices stay up on US jobs data

Oil prices rose for a third straight day on Friday as an increase in US employment countered pressure from a stronger dollar and fading euphoria from Greece's debt swap deal. US nonfarm payrolls rose by 227,000 in February, above expectations, to mark the
Published 10 Mar, 2012 12:00am
Copper up two percent

Copper up two percent

Copper rose almost 2 percent on Friday, paring losses accumulated earlier in the week, spurred by a successful bond swap in Greece, reassuring job data from the US and expectations China could ease monetary policy further and boost demand for metals.
Published 10 Mar, 2012 12:00am
Shanghai copper climbs

Shanghai copper climbs

The most-traded June copper contract on the Shanghai Futures Exchange climbed 1.7 percent to close at 60,520 yuan ($9,600) a tonne on Friday. Premiums on copper from Shanghai bonded warehouses are now at $30-$60 per tonne over LME cash copper, said a Shan
Published 10 Mar, 2012 12:00am
New York cotton down on USDA crop data

New York cotton down on USDA crop data

Cotton futures finished lower on Friday after USDA estimated higher production world-wide, but suspected consumer buying trimmed losses in fibre contracts, analysts said. The benchmark May contract on ICE Futures US declined 0.76 cent to finish at 88.80 c
Published 10 Mar, 2012 12:00am
Thousands rally in Iraq over Bahrain crackdown

Thousands rally in Iraq over Bahrain crackdown

Thousands of Iraqis took to the streets of Baghdad and cities in the Shia-majority south of the country on Friday to condemn Bahrain for crushing an uprising a year ago. The protests, organised by Shia cleric Moqtada al-Sadr, took place in a half-dozen ci
Published 10 Mar, 2012 12:00am
Tens of thousands rally in Bahrain urging reform

Tens of thousands rally in Bahrain urging reform

Tens of thousands of Bahrainis flooded the streets of the capital Manama on Friday demanding political reforms, a year after authorities crushed an uprising, an activist said. Policemen fired tear gas at a group of protesters but the rallies were largely
Published 10 Mar, 2012 12:00am
Afghanistan, US sign prison transfer deal

Afghanistan, US sign prison transfer deal

The United States and Afghanistan signed a deal on Friday on the transfer of a major US-run detention centre to Afghan authorities, improving the prospects of a deal allowing long-term American involvement in the country. The Strategic Partnership Agreeme
Published 10 Mar, 2012 12:00am
FBI looking at Murdoch operations in Russia

FBI looking at Murdoch operations in Russia

An FBI investigation into possible criminal violations by Rupert Murdoch's News Corp of a US law banning bribery of foreign officials has expanded to include an examination of the activities of former company holdings in Russia, according to a source clos
Published 10 Mar, 2012 12:00am
US Senate rejects oil pipeline plans

US Senate rejects oil pipeline plans

The US Senate voted down Thursday a measure to start building the controversial Keystone XL oil pipeline between Canada and the Gulf Coast of Texas despite President Barack Obama's opposition. The Senate measure was introduced by minority Republican lawma
Published 10 Mar, 2012 12:00am
Morgan Stanley banker pleads not guilty in cab driver assault

Morgan Stanley banker pleads not guilty in cab driver assault

A senior Morgan Stanley banker pleaded not guilty on Friday to hate crime, theft and assault charges stemming from an incident last December that police say escalated from a dispute over a $200-plus cab fare to a knife attack on the driver.
Published 10 Mar, 2012 12:00am
US military could hit Iran harder than Israel: Panetta

US military could hit Iran harder than Israel: Panetta

A US military attack on Iran would do more damage than a strike carried out by Israeli forces, Defence Secretary Leon Panetta said Thursday in an interview. The United States and Israel disagree about the imminence of the threat posed by Iran's nuclear pr
Published 10 Mar, 2012 12:00am
Man jailed for attacking Malaysian student in London riots

Man jailed for attacking Malaysian student in London riots

A British court on Friday jailed a man for seven years for breaking a Malaysian student's jaw during the London riots in one of the most notorious incidents of last year's disorder. Beau Isagba, 18, pleaded guilty at an earlier hearing to grievous bodily
Published 10 Mar, 2012 12:00am
Libyan government reclaims Qadhafi mansion in London

Libyan government reclaims Qadhafi mansion in London

The Libyan government reclaimed possession on Friday of a 10-million-pound mansion in London that had been bought by Saadi Qadhafi using stolen Libyan state funds, a court ruled. Anti-corruption campaigners said it was the first case of its kind to go thr
Published 10 Mar, 2012 12:00am
Italy condemns botched British raid in Nigeria

Italy condemns botched British raid in Nigeria

A diplomatic row broke out between London and Rome on Friday over Britain's failure to inform the Italian government before launching a botched hostage rescue mission in Nigeria. The raid resulted in the deaths of a Briton and an Italian held hostage by a
Published 10 Mar, 2012 12:00am
Sarkozy least popular leader in Europe

Sarkozy least popular leader in Europe

French President Nicolas Sarkozy is the least liked of Europe's top five leaders, a poll showed on Friday, confirming the scale of the challenge facing the conservative candidate weeks ahead of his bid for re-election. Sarkozy, who badly trails Socialist
Published 10 Mar, 2012 12:00am
China's rights record 'worsened' in 2011

China's rights record 'worsened' in 2011

China's human rights record worsened in 2011, making it the most repressive year in a decade, after Beijing launched a crackdown following protests across the Arab world, a group said Friday. Hong Kong-based Chinese Human Rights Defenders said in its annu
Published 10 Mar, 2012 12:00am
Indian journalist wrongly held for Israel attack: family

Indian journalist wrongly held for Israel attack: family

An Indian journalist arrested in connection with a bomb attack last month targeting an Israeli diplomat had links to Iran, but played no role in the attack, his son and fellow professionals said Friday. Syed Mohammed Kazmi, a 50-year-old veteran reporter,
Published 10 Mar, 2012 12:00am
Fifteen killed in Russian home blazes

Fifteen killed in Russian home blazes

Fifteen people have been killed in burning homes in Russia, with a single blaze, which prosecutors blamed Friday on arson, wiping out a father, mother and seven of their young children. Media reports said the father, 34, an alcoholic who had threatened su
Published 10 Mar, 2012 12:00am
Three Sri Lankan soldiers shot dead

Three Sri Lankan soldiers shot dead

Three Sri Lankan soldiers were found shot dead after an argument between them in the Tamil-majority Jaffna peninsula, the army said on Friday. The three soldiers were the first to be killed in the far northern peninsula since the end of the Indian Ocean i
Published 10 Mar, 2012 12:00am
Syrian forces kill 54 ahead of Annan peace mission

Syrian forces kill 54 ahead of Annan peace mission

Syrian forces killed at least 54 people on Friday as they sought to quell demonstrations against President Bashar al-Assad before a peace mission by UN-Arab League envoy Kofi Annan, opposition activists said. Tank rounds and mortar bombs crashed into oppo
Published 10 Mar, 2012 12:00am
British lawmaker fined for parliament bar rampage

British lawmaker fined for parliament bar rampage

A British lawmaker admitted he had been lucky to avoid jail after he pleaded guilty on Friday to assaulting four people in a late-night rampage in a bar in the House of Commons. Eric Joyce, 51, who has been suspended by the opposition Labour party, headbu
Published 10 Mar, 2012 12:00am
Citizens not pushing hard for climate deal: UN chief

Citizens not pushing hard for climate deal: UN chief

Ordinary people are not putting enough pressure on governments to deliver a legally binding deal on cutting greenhouse gas emissions, the UN's climate chief said. "There is not enough well up from the bottom up. I don't see millions of citizens demanding
Published 10 Mar, 2012 12:00am
Cambridge students defend Strauss-Kahn invite

Cambridge students defend Strauss-Kahn invite

Students at Britain's prestigious Cambridge University defended inviting Dominique Strauss-Kahn to speak on Friday, as the disgraced ex-IMF chief faced angry protests. Campaigners have asked the lawyer for the New York hotel maid who accused Strauss-Kahn
Published 10 Mar, 2012 12:00am
Two dead in US psychiatric hospital shooting

Two dead in US psychiatric hospital shooting

A shooting spree at a Pittsburgh psychiatric clinic by a man carrying two semi-automatic pistols left two dead - one of them possibly the gunman - and seven injured Thursday, staff and police said. The gunman had exchanged fire with police, officials said
Published 10 Mar, 2012 12:00am
Turkish jets strike north Iraq

Turkish jets strike north Iraq

A Kurdish rebel group said on Friday that Turkey's air force carried out air strikes on border areas of north Iraq, but gave no details about casualties or damage. "On March 8, between 6:00 pm (1500 GMT) and 8:00 pm (1700 GMT), F-16 jet fighters belonging
Published 10 Mar, 2012 12:00am
Dravid calls time on international career, will play IPL

Dravid calls time on international career, will play IPL

India batting great and former skipper Rahul Dravid announced his retirement from international cricket on Friday, saying it was the right time to "move on" and make way for the next generation of players. The 39-year-old second highest run scorer in Test
Published 10 Mar, 2012 12:00am
Thepchaiya stuns world champ to win seven-nation snooker title

Thepchaiya stuns world champ to win seven-nation snooker title

Cool Thepchaiya Un-Nooh of Thailand stunned World Champion Hossein Vafaei Ayouri of Iran 7-6 in a 13 frame thriller to seize the title of Jubilee Insurance 7-nation International Snooker Championship at local hotel here on Friday. 17-year-old snooker sens
Published 10 Mar, 2012 12:00am
Smith, Kallis centuries put South Africa in control

Smith, Kallis centuries put South Africa in control

Century-makers Graeme Smith and Jacques Kallis gave South Africa an imposing 233-run lead with seven wickets remaining on the third day of the first Test against New Zealand on Friday. South Africa were in trouble at 47 for two, only 12 runs ahead, when t
Published 10 Mar, 2012 12:00am
Ennis dominates Chernova for pentathlon pole

Ennis dominates Chernova for pentathlon pole

Britain's Jessica Ennis was in pole position to retain her world indoor pentathlon title here on Friday, leading Russian arch-rival and world outdoor champion Tatyana Chernova by 184 points. With just the long jump and 800m to be held in the evening sessi
Published 10 Mar, 2012 12:00am
Kirmani supports return of international cricket to Pakistan

Kirmani supports return of international cricket to Pakistan

Former Indian wicket-keeper/batsman Syed Mujtaba Hussain Kirmani has supported the return of international cricket to Pakistan. "Pakistan public is keen to watch international action here," he told reporters during his visit to Karachi Press Club here on
Published 10 Mar, 2012 12:00am
Players' group criticises ICC over Pakistan tour

Players' group criticises ICC over Pakistan tour

The Federation of International Cricket Associations criticised the International Cricket Council on Friday for its stance on Bangladesh's proposed tour of Pakistan.The ICC is prepared to suspend its rules and allow non-neutral umpires to oversee the matc
Published 10 Mar, 2012 12:00am
India, Pakistan set for Asia Cup tussle

India, Pakistan set for Asia Cup tussle

India and Pakistan renew their cricket rivalry after almost a year's break when they take part in the Asia Cup One-day tournament starting in Dhaka on Sunday. Buoyant Sri Lanka and hosts Bangladesh, the other two teams in the fray to determine One-day sup
Published 10 Mar, 2012 12:00am
Japan and Australia drawn together in World Cup

Japan and Australia drawn together in World Cup

Japan will face Australia in a repeat of the 2011 Asian Cup final after the duo were drawn together in a tricky World Cup qualifying fourth round group on Friday. Japan defeated Australia 1-0 after extra time in the final in Qatar last year to become Asia
Published 10 Mar, 2012 12:00am
US job creation heralds stronger recovery

US job creation heralds stronger recovery

US employers added more than 200,000 workers to their payrolls for a third straight month in February, a sign the economy was strengthening and in less need of further monetary stimulus from the Federal Reserve. The report from the Labour Department on Fr
Published 10 Mar, 2012 12:00am
Freddie Mac posts 2011 loss

Freddie Mac posts 2011 loss

US government-controlled mortgage finance giant Freddie Mac said Friday it swung into profit in the final quarter of 2011 but that it needed more taxpayer dollars to keep it afloat after a full-year loss. Freddie Mac reported $619 million in net income fo
Published 10 Mar, 2012 12:00am
Freddie Mac posts 2011 loss

Freddie Mac posts 2011 loss

US government-controlled mortgage finance giant Freddie Mac said Friday it swung into profit in the final quarter of 2011 but that it needed more taxpayer dollars to keep it afloat after a full-year loss. Freddie Mac reported $619 million in net income fo
Published 10 Mar, 2012 12:00am
India revises up trade gap estimate

India revises up trade gap estimate

Indian imports continued to outpace exports in February as demand remained weak in major exports markets like the United States and Europe, nudging the government to revise up the full-year trade deficit projections on Friday. A widening trade deficit wil
Published 10 Mar, 2012 12:00am
South African court dismisses Wal-Mart takeover challenge

South African court dismisses Wal-Mart takeover challenge

A South African court cleared the way on Friday for the world's top retailer Wal-Mart to take its first foothold in Africa by dismissing a government bid to set aside its $2.2 billion takeover of local chain Massmart. The case is seen as a bellwether for
Published 10 Mar, 2012 12:00am
Shock industrial output fall raises UK recovery fears

Shock industrial output fall raises UK recovery fears

British industrial and construction output suffered a shock fall in January, raising the risk the economy will slide back into recession at a time that rising oil prices are posing a dilemma for policymakers.
Published 10 Mar, 2012 12:00am
Blow for Qantas as talks with Malaysian Airlines end

Blow for Qantas as talks with Malaysian Airlines end

Qantas Airways has called off talks with Malaysian Airlines to set up an Asian premium carrier because deal terms could not be agreed, a big setback to the Australian airline's plans to turn around its ailing international operations. The announcement sen
Published 10 Mar, 2012 12:00am
China's inflation hits 20-month low as economy slows

China's inflation hits 20-month low as economy slows

China's annual consumer inflation slowed sharply to a 20-month low of 3.2 percent in February, staying comfortably within Beijing's 2012 target and giving policymakers ample room to further loosen monetary policy to support flagging growth.
Published 10 Mar, 2012 12:00am
EDF unit in Britain refunds customers over mis-selling

EDF unit in Britain refunds customers over mis-selling

The British arm of French electricity giant EDF has agreed to pay a total of £4.5 million to thousands of customers and an awareness campaign after it mis-sold products, regulator Ofgem said Friday. Ofgem decided it was better for the firm to help 70,000
Published 10 Mar, 2012 12:00am
US trade deficit hits $52.6 billion

US trade deficit hits $52.6 billion

The US trade deficit surged to the widest imbalance in more than three years in January as imports hit an all-time high, reflecting big demand for foreign-made cars, computers and food products. US exports to Europe fell, raising concerns that the debt cr
Published 10 Mar, 2012 12:00am
German exports bounce back

German exports bounce back

German exports bounced back in January, helped by strong demand from outside the crisis-stricken euro zone, widening the trade surplus and bolstering hopes that Europe's largest economy will have avoided a winter recession. Seasonally-adjusted data from t
Published 10 Mar, 2012 12:00am
Barclays may face action in Libor probe

Barclays may face action in Libor probe

Britain's Barclays may face regulatory action against it relating to a global investigation into possible manipulation of interbank lending rates and is in talks about a potential resolution with some of the authorities involved. Barclays said on Friday i
Published 10 Mar, 2012 12:00am
Google leans on developers to use payment service

Google leans on developers to use payment service

Google Inc has been pressuring applications and mobile game developers to use its costlier in-house payment service, Google Wallet, as the Internet search giant tries to emulate the financial success of Apple Inc's iOS platform.
Published 10 Mar, 2012 12:00am
Sterling extends losses

Sterling extends losses

Sterling extended its losses against the dollar on Friday as the greenback jumped across the board on better-than-expected US jobs numbers, while weak UK industrial output data rekindled recession fears and weighed on the pound. But the pound outperformed
Published 10 Mar, 2012 12:00am
Asian currencies soar

Asian currencies soar

Most emerging Asian currencies rose on Friday as Greece moved closer to averting a messy default and securing fresh international aid, boosting investors' appetite for riskier assets. Most regional units were poised for slight losses for the week, however
Published 10 Mar, 2012 12:00am
Indian rupee ends up

Indian rupee ends up

The Indian rupee strengthened on Friday aided by local share gains on improved global risk appetite, but analysts expect the upside to be limited in the medium term as the pace of foreign fund inflows is seen slackening. Traders said the Reserve Bank of I
Published 10 Mar, 2012 12:00am
Yuan ends up

Yuan ends up

The yuan ended up slightly versus the dollar on Friday after the People's Bank of China allowed the yuan's mid-point to post its biggest daily climb in four months, providing more evidence that the central bank is willing to let the currency move in a wid
Published 10 Mar, 2012 12:00am
Euro climbs in New York

Euro climbs in New York

The euro rose against the US dollar and yen on Thursday after Greece's bond swap deal closed with enough participation for the debt deal to go through, allowing Greece to avoid a disorderly default. Greece officials reported very high levels of take-up by
Published 10 Mar, 2012 12:00am
Early trade in New York: dollar jumps across the board

Early trade in New York: dollar jumps across the board

The dollar rallied across the board on Friday and notched a near 11-month high against the yen after strong US jobs growth underscored the upswing in the US economy while other countries around the world struggle. Against the yen, the dollar was on track
Published 10 Mar, 2012 12:00am
Euro falls in London

Euro falls in London

The euro fell on Friday as concern about heavily-indebted euro zone states and a weak growth outlook outweighed relief at Greece completing a bond swap that should avert a messy default, while focus turned to US jobs data. However, market attention could
Published 10 Mar, 2012 12:00am
Euro dips in Asia

Euro dips in Asia

The euro edged lower on profit-taking on Friday after Greece said 85.8 percent of private creditors had accepted its bond swap offer, moving closer to securing fresh funds needed to avoid a messy debt default. The single currency dipped about 30 pips or s
Published 10 Mar, 2012 12:00am
Euribor hits another 17-month low

Euribor hits another 17-month low

Bank-to-bank lending rates in Europe hit a fresh 17-month low on Friday as the European Central Bank's injection of more than one trillion euros into the banking system applied further downward pressure, a day after the bank kept interest rates unchanged.
Published 10 Mar, 2012 12:00am
Swiss franc falls

Swiss franc falls

The Swiss franc backtracked against the dollar on Friday after mirroring the euro's gain against the greenback in the previous session, as a Greek bond swap deal garnered enough support. The franc fell 0.3 percent against the dollar compared to the New Yo
Published 10 Mar, 2012 12:00am
Australian and New Zealand dollar hold gains

Australian and New Zealand dollar hold gains

The Australian dollar bounced back on Friday after a low reading for Chinese inflation boosted hope for more policy easing there, helping offset the drag from a surprisingly weak domestic trade report. The Australian dollar was up at $1.0655, having earli
Published 10 Mar, 2012 12:00am
FTSE 100 powers through resistance after US data

FTSE 100 powers through resistance after US data

Upbeat US jobs data helped Britain's top share index stretch gains into a third straight session on Friday, sending a bullish signal as the gauge broke through a major technical resistance. Stocks rose in the afternoon after better-than-expected US employ
Published 10 Mar, 2012 12:00am
KOSPI rises; Samsung Elec at all-time high

KOSPI rises; Samsung Elec at all-time high

South Korean shares rose on Friday tracking a rally in global markets after Greece moved a step closer to securing a bailout package and on hopes of further easing in China following lower-than-expected inflation data. The Korea Composite Stock Price Inde
Published 10 Mar, 2012 12:00am
Australian shares rise

Australian shares rise

Australian shares rose 1 percent on Friday, led by gains in materials and energy shares as Chinese inflation data came in a touch cooler than expected and on signs that Greece is a step nearer to averting a default. Despite the rise, the benchmark still l
Published 10 Mar, 2012 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks rose 0.39 percent on Friday, joining global bourses in gains, with investors snapping up LCD makers such as AU Optronics after local media reports the government would ease the limits on stakes by Chinese investors. The main TAIEX index ende
Published 10 Mar, 2012 12:00am
European shares soar

European shares soar

European shares rose on Friday, supported by stronger-than-expected US jobs data which reaffirmed confidence in the strength of the world's biggest economy and opened the door to market gains next week. US employment grew solidly for a third straight mont
Published 10 Mar, 2012 12:00am
Hong Kong, China shares up

Hong Kong, China shares up

Hong Kong and China shares rose on Friday, bolstered by the financial and resource sectors as investors saw weaker-than-expected Chinese data as giving Beijing more room to ease policy to boost growth. The gains, in tepid turnover, clawed back up some of
Published 10 Mar, 2012 12:00am
Treasuries fall

Treasuries fall

US Treasuries prices fell on Thursday as optimism that Greece will successfully put in place a bond swap to stave off a disorderly debt default encouraged investors to turn to riskier assets and move away from safe-haven US government debt. Losses were li
Published 10 Mar, 2012 12:00am
Treasuries fall

Treasuries fall

US Treasuries prices fell on Thursday as optimism that Greece will successfully put in place a bond swap to stave off a disorderly debt default encouraged investors to turn to riskier assets and move away from safe-haven US government debt. Losses were li
Published 10 Mar, 2012 12:00am
US stocks rise

US stocks rise

US stocks rose on Thursday, recovering most of the week's losses, after Greece moved closer to a bond swap with private creditors to avoid a messy default. Earlier in the week, the S&P 500 posted its first big loss for the year on fears of a disorderly de
Published 10 Mar, 2012 12:00am
Friday's midday trade: S&P 500 nears four-year high

Friday's midday trade: S&P 500 nears four-year high

US stocks rose on Friday after another strong monthly jobs report showed the economic recovery was broadening. The mood was slightly bullish after Greece completed the negotiation of the biggest sovereign debt restructuring in history, an issue that has k
Published 10 Mar, 2012 12:00am
Nikkei hits 10,000 for first time seven months

Nikkei hits 10,000 for first time seven months

Japan's Nikkei average topped 10,000 for the first time in seven months on Friday, buoyed by signs that Greece had avoid a messy default and by a weaker yen, which would help struggling Japanese exporters. The benchmark index closed up 1.7 percent at 9,92
Published 10 Mar, 2012 12:00am
Indian shares post biggest daily gain in nine weeks

Indian shares post biggest daily gain in nine weeks

Indian shares ended 2.1 percent higher on Friday, posting their biggest single-session rise in nearly nine weeks, led by gains in ICICI Bank, as risk appetite improved globally after Greece averted the immediate risk of a debt default. However, the rise i
Published 10 Mar, 2012 12:00am
MCX India's first exchange to go public

MCX India's first exchange to go public

The Multi-Commodity Exchange of India on Friday became the first bourse in the country to be listed following a hugely successful initial public offering. MCX shares jumped to an intraday high of 1,427 rupees - nearly 40 percent higher than its IPO price
Published 10 Mar, 2012 12:00am
Southeast Asian markets: Manila, Jakarta move up; others weak

Southeast Asian markets: Manila, Jakarta move up; others weak

Philippine and Indonesian shares posted modest gains on Friday helped by selective buying in property and banking shares while some other Southeast Asian stock markets were flat or retreated amid profit-taking. Many market players appeared to stay on the
Published 10 Mar, 2012 12:00am
Rates inert on grain market

Rates inert on grain market

According to the Grain and Seed Merchant Group, commodity prices were unchanged on Friday as almost all the participants were busy in preparations for Juma prayers.
Published 10 Mar, 2012 12:00am
US Midwest grain bids hold

US Midwest grain bids hold

Corn and soyabean spot basis bids held mostly steady around the US Midwest early Thursday as slow sales of each crop were offset by increased deliveries to satisfy existing contracts, grain merchants said. Corn bids eased by 1 cent at two locations in Tol
Published 10 Mar, 2012 12:00am
Spain imports Brazil's wheat

Spain imports Brazil's wheat

Spain has imported wheat from Brazil under a special quota to help fill its grain deficit, trade sources said Thursday, and shipments of US wheat are expected in the coming weeks. Spanish dealers usually use so-called tariff-rate quota (TRQ) permits to im
Published 10 Mar, 2012 12:00am
India's fresh move may ease panic-like situation on cotton market

India's fresh move may ease panic-like situation on cotton market

India's latest decision may ease pressure on the supply side and cotton prices may not fluctuate sharply in short term as rates were firm amid local mills' and exporters' routine cotton buying on Friday, dealers said. The official spot rate was unchanged
Published 10 Mar, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 52,596 tonnes of cargo including 37,985 tonnes of import; 14,611 tonnes of export cargo and 751 loaded and empty containers (TEUs) during the last 24 hours of business activities ended at 0700 hours on Friday. The total import car
Published 10 Mar, 2012 12:00am
FOB Gulf soya premiums slip as Brazil basis drops

FOB Gulf soya premiums slip as Brazil basis drops

Soyabean export premiums at the US Gulf Coast eased on Thursday in tandem with a weaker CIF barge basis as lower Brazilian export premiums threatened to recapture global demand for spring and summer shipments, traders said. Chinese demand noted for May th
Published 10 Mar, 2012 12:00am
Canada canola futures rise

Canada canola futures rise

Canada canola futures rose to a fresh five-month high on Thursday with spillover support from stronger soybeans and crude oil. Traders adjusted positions ahead of Friday's US government crop report. Canada canola seen as overbought and prone to correction
Published 10 Mar, 2012 12:00am
Islam new ISI chief; Pasha denied extension

Islam new ISI chief; Pasha denied extension

The government has appointed Corps Comm-ander Karachi Lieutenant General Zaheer ul Islam as new Director General Inter-Services Intelligence Agency (ISI). In a statement, it has been stated that, "Prime Minister Syed Yousuf Raza Gilani has appointed Lieut
Published 10 Mar, 2012 12:00am
US corn features up 3-5 cents

US corn features up 3-5 cents

Chicago Board of Trade corn futures were expected to open 3 to 5 cents per bushel higher Thursday on a weaker dollar and gains in equities on optimism for a resolution soon to the Greek debt crisis. Globex overnight trend for corn was up 3-3/4 cents to up
Published 10 Mar, 2012 12:00am
Islam new ISI chief; Pasha denied extension

Islam new ISI chief; Pasha denied extension

The government has appointed Corps Comm-ander Karachi Lieutenant General Zaheer ul Islam as new Director General Inter-Services Intelligence Agency (ISI). In a statement, it has been stated that, "Prime Minister Syed Yousuf Raza Gilani has appointed Lieut
Published 10 Mar, 2012 12:00am
US wheat features end lower

US wheat features end lower

Chicago Board of Trade soft red winter wheat futures fell for the fourth straight day on Thursday as traders locked in positions ahead of the US Agriculture Department's monthly supply and demand report. Expectations for the report to show plentiful wheat
Published 10 Mar, 2012 12:00am
Pakistan decides to grant Vietnam full market status

Pakistan decides to grant Vietnam full market status

Pakistan has decided to grant Vietnam full market status as part of its strategy to develop better economic and trade relations in the ASEAN region, official sources told Business Recorder. Vietnam is one of the important members of ASEAN and an em
Published 10 Mar, 2012 12:00am
Jinnah was secular?

Jinnah was secular?

"Do you realise" said the Right Honourable Mohammed Ali Jinnah to his lieutenant, Raja sahib of Mahmudabad, "that there are over seventy two sects and differences of opinion, regarding the Islamic faith. We shall not be an Islamic state, but a liberal dem
Published 10 Mar, 2012 12:00am
Pakistan decides to grant Vietnam full market status

Pakistan decides to grant Vietnam full market status

Pakistan has decided to grant Vietnam full market status as part of its strategy to develop better economic and trade relations in the ASEAN region, official sources told Business Recorder. Vietnam is one of the important members of ASEAN and an em
Published 10 Mar, 2012 12:00am
Nargis Khanum: Karachi Chronicle: Hockey crisis

Nargis Khanum: Karachi Chronicle: Hockey crisis

Six prominent Pakistan hockey players, including former captains Rehan Butt and Shakeel Abbasi, have gone to India to play in the cash-rich, controversial World Series of Hockey (WSH). They have brought down on their heads the wrath of the Pakistan Hockey
Published 10 Mar, 2012 12:00am
Pakistan decides to grant Vietnam full market status

Pakistan decides to grant Vietnam full market status

Pakistan has decided to grant Vietnam full market status as part of its strategy to develop better economic and trade relations in the ASEAN region, official sources told Business Recorder. Vietnam is one of the important members of ASEAN and an em
Published 10 Mar, 2012 12:00am
ART FACTS: strength, protection and spirituality

ART FACTS: strength, protection and spirituality

For over forty years now Nahid Raza is painting with a vision to create awareness among the masses regarding women issues in our society. Basically she is a conceptual artist who uses the female forms and figures to expresses herself. All of her works dom
Published 10 Mar, 2012 12:00am
Greece averts immediate default

Greece averts immediate default

Greece averted the immediate threat of an uncontrolled default on Friday, winning strong acceptance from its private creditors for a bond swap deal which will eat into its mountainous public debt and clear the way for a new bailout. With euro zone ministe
Published 10 Mar, 2012 12:00am
Challenges faced by women today

Challenges faced by women today

Each year around the world, International Women's Day (IWD) is celebrated on March 8. Throughout the month of March both government and non- government organisations arrange events to highlight the economic, political and social state of women.
Published 10 Mar, 2012 12:00am
Greece averts immediate default

Greece averts immediate default

Greece averted the immediate threat of an uncontrolled default on Friday, winning strong acceptance from its private creditors for a bond swap deal which will eat into its mountainous public debt and clear the way for a new bailout. With euro zone ministe
Published 10 Mar, 2012 12:00am
Karachi literary festival was a big success

Karachi literary festival was a big success

The OUP and British Council sponsored a two-day literary festival in Karachi. It was a welcome event to popularise literature. True that Chennai and Jaipur Literary Festivals in India are a world apart in format and purpose, but the Karachi festival was a
Published 10 Mar, 2012 12:00am
Greece averts immediate default

Greece averts immediate default

Greece averted the immediate threat of an uncontrolled default on Friday, winning strong acceptance from its private creditors for a bond swap deal which will eat into its mountainous public debt and clear the way for a new bailout. With euro zone ministe
Published 10 Mar, 2012 12:00am
BRIDGE NOTES: The 'grand coup'

BRIDGE NOTES: The 'grand coup'

In any sport, talent needs to be well supported by technique and the methodology with which such technique needs to be used. Bridge is no exception. Here the sequence in which the methodologies of technique need to be applied becomes far more relevant for
Published 10 Mar, 2012 12:00am
Greece averts immediate default

Greece averts immediate default

Greece averted the immediate threat of an uncontrolled default on Friday, winning strong acceptance from its private creditors for a bond swap deal which will eat into its mountainous public debt and clear the way for a new bailout. With euro zone ministe
Published 10 Mar, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 10 Mar, 2012 12:00am
London Stock Exchange buys clearing house LCH.Clearnet

London Stock Exchange buys clearing house LCH.Clearnet

The London Stock Exchange Group said on Friday that it had agreed to buy a majority 60-percent stake in British clearing house LCH.Clearnet for 463 million euros ($613 million) in cash. LSEG, which owns the London and Milan stock exchanges, had been in ex
Published 10 Mar, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 10 Mar, 2012 12:00am
London Stock Exchange buys clearing house LCH.Clearnet

London Stock Exchange buys clearing house LCH.Clearnet

The London Stock Exchange Group said on Friday that it had agreed to buy a majority 60-percent stake in British clearing house LCH.Clearnet for 463 million euros ($613 million) in cash. LSEG, which owns the London and Milan stock exchanges, had been in ex
Published 10 Mar, 2012 12:00am
London Stock Exchange buys clearing house LCH.Clearnet

London Stock Exchange buys clearing house LCH.Clearnet

The London Stock Exchange Group said on Friday that it had agreed to buy a majority 60-percent stake in British clearing house LCH.Clearnet for 463 million euros ($613 million) in cash. LSEG, which owns the London and Milan stock exchanges, had been in ex
Published 10 Mar, 2012 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

The Exchange Rates Committee of State Bank of Pakistan issued the following exchange rates bulletin here on Friday (March 09, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover for
Published 10 Mar, 2012 12:00am
Urea import delayed: foreign supplier fails to make shipment

Urea import delayed: foreign supplier fails to make shipment

Urea import is delayed as an international supplier has failed to make shipment of 50,000 tons of urea as per the agreement and after getting 20 days relaxation seeking another two weeks grace period for supply of the commodity. Following the directives o
Published 10 Mar, 2012 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 10 Mar, 2012 12:00am
Urea import delayed: foreign supplier fails to make shipment

Urea import delayed: foreign supplier fails to make shipment

Urea import is delayed as an international supplier has failed to make shipment of 50,000 tons of urea as per the agreement and after getting 20 days relaxation seeking another two weeks grace period for supply of the commodity. Following the directives o
Published 10 Mar, 2012 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (March 09, 2012).
Published 10 Mar, 2012 12:00am
Urea import delayed: foreign supplier fails to make shipment

Urea import delayed: foreign supplier fails to make shipment

Urea import is delayed as an international supplier has failed to make shipment of 50,000 tons of urea as per the agreement and after getting 20 days relaxation seeking another two weeks grace period for supply of the commodity. Following the directives o
Published 10 Mar, 2012 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (March 09, 2012).
Published 10 Mar, 2012 12:00am
July-February remittances rise to $8.59 billion

July-February remittances rise to $8.59 billion

Overseas Pakistani workers remitted an amount of $8,592.79 million in the first eight months (July 2011 - February 2012) of the current fiscal year, showing an impressive growth of 23.40 percent or $1,629.51 million as compared with $6,963.28 million rece
Published 10 Mar, 2012 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (March 09, 2012).
Published 10 Mar, 2012 12:00am
July-February remittances rise to $8.59 billion

July-February remittances rise to $8.59 billion

Overseas Pakistani workers remitted an amount of $8,592.79 million in the first eight months (July 2011 - February 2012) of the current fiscal year, showing an impressive growth of 23.40 percent or $1,629.51 million as compared with $6,963.28 million rece
Published 10 Mar, 2012 12:00am
July-February remittances rise to $8.59 billion

July-February remittances rise to $8.59 billion

Overseas Pakistani workers remitted an amount of $8,592.79 million in the first eight months (July 2011 - February 2012) of the current fiscal year, showing an impressive growth of 23.40 percent or $1,629.51 million as compared with $6,963.28 million rece
Published 10 Mar, 2012 12:00am
Apology tendered: Supreme Court annoyed by Beg's sarcasm

Apology tendered: Supreme Court annoyed by Beg's sarcasm

Former Army Chief General Mirza Aslam Beg tendered an apology before Supreme Court on Friday for using "contemptuous" language in his counter-affidavit in which he claimed to have completed a hat-trick of appearances before the apex court. However, the Su
Published 10 Mar, 2012 12:00am
Apology tendered: Supreme Court annoyed by Beg's sarcasm

Apology tendered: Supreme Court annoyed by Beg's sarcasm

Former Army Chief General Mirza Aslam Beg tendered an apology before Supreme Court on Friday for using "contemptuous" language in his counter-affidavit in which he claimed to have completed a hat-trick of appearances before the apex court. However, the Su
Published 10 Mar, 2012 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (March 09, 2012).
Published 10 Mar, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 09, 2012).
Published 10 Mar, 2012 12:00am
India defers decision on cotton export ban

India defers decision on cotton export ban

India will keep a controversial ban on its cotton exports for now after ministers failed to agree its fate on Friday, even after top buyer China had criticised the move, which boosted global prices. Indian exporters, who have some 2.5 million bales outsta
Published 10 Mar, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (March 09, 2012).
Published 10 Mar, 2012 12:00am
India defers decision on cotton export ban

India defers decision on cotton export ban

India will keep a controversial ban on its cotton exports for now after ministers failed to agree its fate on Friday, even after top buyer China had criticised the move, which boosted global prices. Indian exporters, who have some 2.5 million bales outsta
Published 10 Mar, 2012 12:00am
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