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Archive - 2012-03-11
Obama briefed on Afghanistan shooting
Top News

Obama briefed on Afghanistan shooting

WASHINGTON: President Barack Obama has been briefed on the killing spree of a US soldier in Afghanistan that claimed 16
Published 11 Mar, 2012 05:06pm
Czech PM favours small VAT rise
Europe

Czech PM favours small VAT rise

PRAGUE: Czech Prime Minister Petr Necas said on Sunday a one-percentage point rise for the lower and upper value added t
Published 11 Mar, 2012 02:38pm
Gilani condoles with Akram Masih Gill
Top News

Gilani condoles with Akram Masih Gill

LAHORE: Prime Minister Syed Yousuf Raza Gilani on Sunday visited the residence of State Minister Akram Gill and condoled
Published 11 Mar, 2012 11:48am
Schaeuble confident on Greece
Europe

Schaeuble confident on Greece

MILAN: German Finance Minister Wolfgang Schaeuble said on Sunday he was confident Greece was on the road to recovery aft
Published 11 Mar, 2012 10:15am
India reverses cotton export ban
Top News

India reverses cotton export ban

NEW DELHI : India on Sunday reversed its ban on cotton exports in a swift U-turn just six days after the policy announ
Published 11 Mar, 2012 10:01am
UAE economy grew 3.3pc in 2011
Top News

UAE economy grew 3.3pc in 2011

DUBAI : The United Arab Emirates ' economy grew an estimated 3.3 percent last year, Economy Minister Sultan bin Saeed
Published 11 Mar, 2012 09:54am
Sarkozy calls for EU 'Buy European Act'
Top News

Sarkozy calls for EU 'Buy European Act'

PARIS: French President Nicolas Sarkozy said Sunday he wanted the EU to introduce a "Buy European Act" based on a US law
Published 11 Mar, 2012 09:00am
Threat of Greek default faded
Europe

Threat of Greek default faded

BRUSSELS: The dark clouds hanging over the eurozone have receded along with the threat of a Greek default, but the lates
Published 11 Mar, 2012 08:08am
Suicide blast kills 13 in Badaber
Top News

Suicide blast kills 13 in Badaber

PESHAWAR: A suicide bomber blew himself up at a funeral in Badaber area on Sunday, killing at least 13 people and woun
Published 11 Mar, 2012 06:48am
Leftists win majority in Slovak election
Top News

Leftists win majority in Slovak election

BRATISLAVA : The left-wing Smer-Social Democracy party of former premier Robert Fico won a parliamentary majority in Sat
Published 11 Mar, 2012 04:27am
FA call for goal-line technology after QPR 'goal'

FA call for goal-line technology after QPR 'goal'

The Football Association renewed their demand for the introduction of goal-line technology after QPR were wrongly denied a clear goal during their 2-1 defeat at Bolton on Saturday. Television replays showed a header from QPR defender Clint Hill crossed th
Published 11 Mar, 2012 12:00am
PCB condoles Miandad's mother demise

PCB condoles Miandad's mother demise

Pakistan Cricket Board (PCB) Chairman, Zaka Ashraf, Chairperson Women's Wing, Bushra Aitazaz, Chief Operating Officer, Subhan Ahmed and management have expressed their deep sense of sorrow on the passing away of former skipper Javed Miandad's mother on Sa
Published 11 Mar, 2012 12:00am
PHF to decide fate of hockey team's coach on March 15

PHF to decide fate of hockey team's coach on March 15

The Executive Board of Pakistan Hockey Federation (PHF) in its meeting to be held on March 15 is likely to decide the fate of national hockey team coach Michel van den Heuvel. Sources said on Friday that Michel Van Den Huevel has refused to attend a train
Published 11 Mar, 2012 12:00am
Eaton storms to new heptathlon world record

Eaton storms to new heptathlon world record

American Ashton Eaton stormed to a new world record in the heptathlon after dominating the gruelling two-day event at the World Indoor Athletics Championships here on Saturday. American Sanya Richards-Ross won the world indoor women's 400m title here on S
Published 11 Mar, 2012 12:00am
McCullum, Taylor lead New Zealand run chase

McCullum, Taylor lead New Zealand run chase

New Zealand battled to 137 for two at the close of play on the fourth day of the first Test against South Africa on Saturday after being set an imposing 401-run target to win. The home side lost both openers cheaply before Brendon McCullum and Ross Taylor
Published 11 Mar, 2012 12:00am
Jankovic exits, Azarenka battles through

Jankovic exits, Azarenka battles through

Former champion Jelena Jankovic became the first seed to tumble out of the Indian Wells WTA tournament, losing 6-4, 6-3 to American wild card Jamie Hampton in the second round on Friday. Seeded 12th, the jet-lagged Serb who had reached the semi-finals in
Published 11 Mar, 2012 12:00am
Li wins to set up all-China contest

Li wins to set up all-China contest

Reigning French Open champ Li Na of China rallied to win her opening second-round match at Indian Wells on Friday, beating Galina Voskoboeva 3-6, 6-3, 6-3. Li, who is the first Asian player to win a Grand Slam title, had two aces and won 67 percent of her
Published 11 Mar, 2012 12:00am
Indonesia bans foreign chief executives from local firms

Indonesia bans foreign chief executives from local firms

Indonesia has issued a decree banning foreign chief executives from running wholly owned local companies but said the regulation would not apply to companies with foreign investors, a senior Labour Ministry official told Reuters on Saturday. The regulatio
Published 11 Mar, 2012 12:00am
Merkel lauds Germany's nuclear phase-out plan

Merkel lauds Germany's nuclear phase-out plan

German Chancellor Angela Merkel on Saturday lauded her country's decision to phase out nuclear power, speaking on the eve of the first anniversary of Japan's Fukushima disaster. "We have seen the risks in a highly developed industrial country, risks which
Published 11 Mar, 2012 12:00am
Brazil to extend IOF tax to longer maturities

Brazil to extend IOF tax to longer maturities

Brazil will extended a 6 percent tax known as the IOF on overseas loans with maturities of up to five years, local newspaper Folha De S.Paulo reported on Saturday. The tax had previously been charged when companies in Brazil took foreign loans maturing up
Published 11 Mar, 2012 12:00am
J.P Morgan pins hopes on IPO recovery in China

J.P Morgan pins hopes on IPO recovery in China

Twice as many firms in China are eager to list on the stock market now compared to a year ago as rising Asian share prices rebuild confidence among businesses, the head of J.P. Morgan's arm in the country said on Saturday. Fang, chief executive officer fo
Published 11 Mar, 2012 12:00am
J.P Morgan pins hopes on IPO recovery in China

J.P Morgan pins hopes on IPO recovery in China

Twice as many firms in China are eager to list on the stock market now compared to a year ago as rising Asian share prices rebuild confidence among businesses, the head of J.P. Morgan's arm in the country said on Saturday. Fang, chief executive officer fo
Published 11 Mar, 2012 12:00am
MF Global plans bonus payouts for 3 executives

MF Global plans bonus payouts for 3 executives

Three top executives at MF Global Holdings Ltd kept on since the commodities firm's collapse could receive performance-based bonuses under a retention plan being prepared by a court-appointed trustee, people close to the trustee said. Trustee Louis Freeh
Published 11 Mar, 2012 12:00am
China grants new investment licences to five overseas firms

China grants new investment licences to five overseas firms

China granted new investment licences to five foreign institutions in February to invest in its stock and bond markets, the securities regulator said on Saturday. The Chinese Securities Regulatory Commission awarded the licenses to Taiwan's TransGlobe Lif
Published 11 Mar, 2012 12:00am
China grants new investment licences to five overseas firms

China grants new investment licences to five overseas firms

China granted new investment licences to five foreign institutions in February to invest in its stock and bond markets, the securities regulator said on Saturday. The Chinese Securities Regulatory Commission awarded the licenses to Taiwan's TransGlobe Lif
Published 11 Mar, 2012 12:00am
US to seek court approval of $25 billion mortgage pact

US to seek court approval of $25 billion mortgage pact

A previously announced $25 billion settlement between five major banks accused of abusive mortgage practices and government officials will be filed in federal court on Monday, people familiar with the matter said late Friday. The pact unveiled February 9
Published 11 Mar, 2012 12:00am
Greece turns to growth, elections after debt deal

Greece turns to growth, elections after debt deal

After the success of a debt cut plan which paves the way for a 130-billion euro ($170.55 billion) international bailout, attention in Athens is shifting to politics and on how to kick-start debt-laden Greece's stricken economy, officials said on Saturday.
Published 11 Mar, 2012 12:00am
Greek drachmas worth 240 million euros unclaimed

Greek drachmas worth 240 million euros unclaimed

A record-breaking swap to trim Greece's huge debt this week overshadowed a more modest exchange for now-obsolete drachmas that left the equivalent of 240 million euros unclaimed, a report said on Saturday. Kathimerini daily said nearly 82 billion drachmas
Published 11 Mar, 2012 12:00am
IMF chief proposes $36.7 billion Greek loan for four years

IMF chief proposes $36.7 billion Greek loan for four years

The International Monetary Fund next week will consider making a loan worth 28 billion euros ($36.7 billion) to Greece over a four year period, as part of a second international bailout package for Athens. The loan size would be at the upper end of the am
Published 11 Mar, 2012 12:00am
More Iran, India trade would boost ties: delegation

More Iran, India trade would boost ties: delegation

Boosting exports from India to Iran would not only help right lopsided trade but also deepen ties between the two countries, a major Indian delegation said on Saturday at the start of a five-day visit. "New Delhi is seeking to increase its exports to Iran
Published 11 Mar, 2012 12:00am
Richest Australian's family in war of words

Richest Australian's family in war of words

Three children of Australia's richest person, Gina Rinehart, were "motivated entirely by greed" in taking their mother to court for control of a family trust, their youngest sister said. Iron ore billionaire Rinehart, ranked 29th on Forbes' global rich li
Published 11 Mar, 2012 12:00am
Now more optimistic, American job-seekers dust off resumes

Now more optimistic, American job-seekers dust off resumes

Like many unemployed Americans, Gint Butenas is cautiously hopeful that things might be about to go his way. The 57-year-old information technology worker was laid off by a pharmaceutical manufacturer in 2009. At the time, Butenas recalls the economy was
Published 11 Mar, 2012 12:00am
Saudi Arabia oil supply at 9.4 million barrels per day in February

Saudi Arabia oil supply at 9.4 million barrels per day in February

Top oil producer Saudi Arabia supplied 9.4 million barrels per day (bpd) of crude to the market in February steady from January, an industry source familiar with the matter told Reuters on Saturday. "Production from the kingdom was in the range of 9.85 mi
Published 11 Mar, 2012 12:00am
Prices move both ways on grain market

Prices move both ways on grain market

Mixed trend was seen on the wholesale grain market on Saturday in process of slow trading, dealers said. On the cereal side moong Punjab was quoted higher at Rs 8000, urad Burma lost Rs 200 to Rs 2200-2600, wheat old bardan and wheat new bardan shed Rs 25
Published 11 Mar, 2012 12:00am
US Midwest corn firm at river terminals

US Midwest corn firm at river terminals

Corn spot basis bids were firm at river terminals around the US Midwest on Friday and held steady at interior points, supported by limited farmer offerings as futures failed to post a new high even as they rallied more than 1 percent. Soyabean futures tou
Published 11 Mar, 2012 12:00am
Brazil's cocoa arrivals rise last week

Brazil's cocoa arrivals rise last week

Cocoa deliveries to warehouses in Brazil rose in the last week, data from the Bahia Commercial Association showed, due to brisk farm-gate sales in minor growing states, while the upcoming mid crop harvest still weeks away. Arrivals from both top cocoa-gro
Published 11 Mar, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 82,515 tonnes of cargo comprising1 48,199 tonnes of import cargo and 34,316 tonnes of export cargo including 4,552 loaded & empty containers during last 24 hours ended at 0700 hours on Saturday. The total import cargo of 48,199 to
Published 11 Mar, 2012 12:00am
Corn export premiums firm at US Gulf Coast

Corn export premiums firm at US Gulf Coast

Corn export premiums at the US Gulf Coast were mostly steady to firm on Friday, supported by tight old-crop supplies and moderate demand, traders said. Widespread talk of Chinese demand for at least 600,000 tonnes of old-crop US corn supported futures pri
Published 11 Mar, 2012 12:00am
Price differentials little changed in European cocoa market

Price differentials little changed in European cocoa market

Price differentials in the European cash cocoa market were little changed this week as the market was focused on mid-crop quality and weather conditions in Western Africa's major growing regions. Volumes were light with buyers reluctant to step in due to
Published 11 Mar, 2012 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose Friday, finishing with a fifth straight weekly gain, on strong crusher and exporter demand as well as spillover support from higher soyoil, traders said. Canola took initial support from the US government cutting Brazil's
Published 11 Mar, 2012 12:00am
HRW wheat bids steady

HRW wheat bids steady

US Plains hard red winter wheat basis bids were steady to a dime a bushel firmer Friday as farmer sales remained light. Protein premiums for railcar wheat to and through Kansas City rose 3-5 cents a bushel for 12.00- through 12.80 percent protein wheat su
Published 11 Mar, 2012 12:00am
China's top corn grower to expand acreage

China's top corn grower to expand acreage

China's north-east province of Heilongjiang, the country's top corn and soya grower, aims to raise total grains output by eight percent in 2012 and will expand its corn acreage by paring back on land for soya, a local agriculture official said. Heilongjia
Published 11 Mar, 2012 12:00am
Vietnam to stockpile one million tonnes of rice to prevent price falls

Vietnam to stockpile one million tonnes of rice to prevent price falls

Vietnam's government has allowed rice exporters to stockpile an equivalent 1 million tonnes of milled rice for three months to help prevent prices falling during the peak of the harvest. Member companies of the Vietnam Food Association, the industry body,
Published 11 Mar, 2012 12:00am
China February crude oil imports at record high

China February crude oil imports at record high

China imported a record 5.95 million barrels per day of crude oil in February, 18.5 percent higher than a year earlier, data from China's General Administration of Customs showed on Saturday. The record imports came as domestic crude oil production rose o
Published 11 Mar, 2012 12:00am
Rates marginally change amid modest trading on cotton market

Rates marginally change amid modest trading on cotton market

Marginal variations were witnessed in the prices amid modest trading on cotton market on Saturday, dealers said. The official spot rate was unchanged at Rs 5,300, they said. Prices of seedcotton in Sindh were at Rs 1900-2300 and in the Punjab at Rs 2000-2
Published 11 Mar, 2012 12:00am
Oil cake market rates

Oil cake market rates

Contracts were higher on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The March vaida that had closed at 768.00 gained 20 paisa to Rs 768.20. The May vaida which closed at Rs 785.50 also rose by same amount to Rs
Published 11 Mar, 2012 12:00am
Argentine farmers begin soyabean harvesting

Argentine farmers begin soyabean harvesting

Farmers have begun harvesting the 2011/12 soya crop in Argentina, the world's No 3 soyabean exporter and its top soyaoil and soyameal supplier, the local Agriculture Ministry said on Friday. A drought earlier in the season cut soya output estimates by abo
Published 11 Mar, 2012 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Friday (March 09, 2012).

Published 11 Mar, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (March 09, 2012).

Published 11 Mar, 2012 12:00am
THE RUPEE: rates stay put

THE RUPEE: rates stay put

The open market ended the week on positive note on Saturday as the rupee most of the time held the week-long levels versus dollar in process of trading, dealers said. The rupee picked up two paisa in relation to dollar for buying and selling at 90.75 and
Published 11 Mar, 2012 12:00am
THE RUPEE: rates stay put

THE RUPEE: rates stay put

The open market ended the week on positive note on Saturday as the rupee most of the time held the week-long levels versus dollar in process of trading, dealers said. The rupee picked up two paisa in relation to dollar for buying and selling at 90.75 and
Published 11 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 09, 2012).

Published 11 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 09, 2012).

Published 11 Mar, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Friday (March 09, 2012).

Published 11 Mar, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Friday (March 09, 2012).

Published 11 Mar, 2012 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Friday (March 09, 2012).

Published 11 Mar, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Friday (March 09, 2012).

Published 11 Mar, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Friday (March 09, 2012).

Published 11 Mar, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Friday (March 09, 2012).

Published 11 Mar, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Friday (March 09, 2012).

Published 11 Mar, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Friday (March 09, 2012).

Published 11 Mar, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Friday (March 09, 2012).

Published 11 Mar, 2012 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Friday (March 09, 2012).

Published 11 Mar, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (March 09, 2012).

Published 11 Mar, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (March 09, 2012).

Published 11 Mar, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (March 09, 2012).

Published 11 Mar, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (March 09, 2012).

Published 11 Mar, 2012 12:00am
The Weather

The Weather

The weather report on Friday (March 09, 2012) and the forecast for Saturday (March 10, 2012).

Published 11 Mar, 2012 12:00am
Your rupee last month

Your rupee last month

Following currency fluctuations took place in foreign exchange rates during the last month. (February 1 to 29, 2012)

Published 11 Mar, 2012 12:00am
At least 39 militants dead in gunfight

At least 39 militants dead in gunfight

At least 39 militants and four soldiers were killed Saturday in a day-long gun battle in north-western tribal region, officials said. The fighting took place as troops, backed by helicopter gunships, carried out a search operation around the town of Bara
Published 11 Mar, 2012 12:00am
At least 39 militants dead in gunfight

At least 39 militants dead in gunfight

At least 39 militants and four soldiers were killed Saturday in a day-long gun battle in north-western tribal region, officials said. The fighting took place as troops, backed by helicopter gunships, carried out a search operation around the town of Bara
Published 11 Mar, 2012 12:00am
Obama calls for investment in clean energy

Obama calls for investment in clean energy

US President Barack Obama called on Congress Saturday to invest more money in clean energy technologies and end multi-billion-dollar subsidies given each year to oil companies. "I want this Congress to stop the give-aways to an oil industry that's never b
Published 11 Mar, 2012 12:00am
Obama calls for investment in clean energy

Obama calls for investment in clean energy

US President Barack Obama called on Congress Saturday to invest more money in clean energy technologies and end multi-billion-dollar subsidies given each year to oil companies. "I want this Congress to stop the give-aways to an oil industry that's never b
Published 11 Mar, 2012 12:00am
Obama calls for investment in clean energy

Obama calls for investment in clean energy

US President Barack Obama called on Congress Saturday to invest more money in clean energy technologies and end multi-billion-dollar subsidies given each year to oil companies. "I want this Congress to stop the give-aways to an oil industry that''s never
Published 11 Mar, 2012 12:00am
China records huge trade deficit

China records huge trade deficit

China swung into a huge trade deficit of $31.48 billion in February, customs data showed Saturday, as the West's economic troubles hit the world's second-largest economy. China is normally a net exporter of goods - it recorded a surplus of $27.28 billion
Published 11 Mar, 2012 12:00am
China records huge trade deficit

China records huge trade deficit

China swung into a huge trade deficit of $31.48 billion in February, customs data showed Saturday, as the West's economic troubles hit the world's second-largest economy. China is normally a net exporter of goods - it recorded a surplus of $27.28 billion
Published 11 Mar, 2012 12:00am
China records huge trade deficit

China records huge trade deficit

China swung into a huge trade deficit of $31.48 billion in February, customs data showed Saturday, as the West''s economic troubles hit the world''s second-largest economy. China is normally a net exporter of goods - it recorded a surplus of $27.28 billio
Published 11 Mar, 2012 12:00am
Habib claims he personally gave money to Nawaz

Habib claims he personally gave money to Nawaz

Younus Habib, the then chief of Mehran Bank, insisted that he personally handed over money to Nawaz Sharif, a private TV channel reported Saturday. He also claimed that Rs 2.3 million was sent to Shahbaz Sharif through a telegraphic transfer. Habib said h
Published 11 Mar, 2012 12:00am
Habib claims he personally gave money to Nawaz

Habib claims he personally gave money to Nawaz

Younus Habib, the then chief of Mehran Bank, insisted that he personally handed over money to Nawaz Sharif, a private TV channel reported Saturday. He also claimed that Rs 2.3 million was sent to Shahbaz Sharif through a telegraphic transfer. Habib said h
Published 11 Mar, 2012 12:00am
Habib claims he personally gave money to Nawaz

Habib claims he personally gave money to Nawaz

Younus Habib, the then chief of Mehran Bank, insisted that he personally handed over money to Nawaz Sharif, a private TV channel reported Saturday. He also claimed that Rs 2.3 million was sent to Shahbaz Sharif through a telegraphic transfer. Habib said h
Published 11 Mar, 2012 12:00am
Equity market witnesses $7.5 million foreign investment

Equity market witnesses $7.5 million foreign investment

The foreign investors' interest continued as a fresh inflow of dollars 7.5 million of foreign investors portfolio investment was seen at the local equity market during the outgoing week ended March 9. The off-shore participants' interest has been witnesse
Published 11 Mar, 2012 12:00am
Equity market witnesses $7.5 million foreign investment

Equity market witnesses $7.5 million foreign investment

The foreign investors' interest continued as a fresh inflow of dollars 7.5 million of foreign investors portfolio investment was seen at the local equity market during the outgoing week ended March 9. The off-shore participants' interest has been witnesse
Published 11 Mar, 2012 12:00am
Equity market witnesses $7.5 million foreign investment

Equity market witnesses $7.5 million foreign investment

The foreign investors'' interest continued as a fresh inflow of dollars 7.5 million of foreign investors portfolio investment was seen at the local equity market during the outgoing week ended March 9. The off-shore participants'' interest has been witnes
Published 11 Mar, 2012 12:00am
Assad rebuffs Annan, troops attack Idlib

Assad rebuffs Annan, troops attack Idlib

President Bashar al-Assad told UN/Arab League envoy Kofi Annan on Saturday that no political solution was possible in Syria while "terrorist" groups were destabilising the country. "Syria is ready to make a success of any honest effort to find a solution
Published 11 Mar, 2012 12:00am
Assad rebuffs Annan, troops attack Idlib

Assad rebuffs Annan, troops attack Idlib

President Bashar al-Assad told UN/Arab League envoy Kofi Annan on Saturday that no political solution was possible in Syria while "terrorist" groups were destabilising the country. "Syria is ready to make a success of any honest effort to find a solution
Published 11 Mar, 2012 12:00am
Prices of eatables register steep increase

Prices of eatables register steep increase

The prices of essential kitchen items, especially pulses including Maash, Moong, Masoor, Chana and Lobia along with fruits, sugar, milk and vegetables have registered a steep increase during the current week as compared to last week, revealed a survey con
Published 11 Mar, 2012 12:00am
Prices of eatables register steep increase

Prices of eatables register steep increase

The prices of essential kitchen items, especially pulses including Maash, Moong, Masoor, Chana and Lobia along with fruits, sugar, milk and vegetables have registered a steep increase during the current week as compared to last week, revealed a survey con
Published 11 Mar, 2012 12:00am
Prices of eatables register steep increase

Prices of eatables register steep increase

The prices of essential kitchen items, especially pulses including Maash, Moong, Masoor, Chana and Lobia along with fruits, sugar, milk and vegetables have registered a steep increase during the current week as compared to last week, revealed a survey con
Published 11 Mar, 2012 12:00am
State Bank's powers enhanced: Zardari signs bill into law

State Bank's powers enhanced: Zardari signs bill into law

The President on Saturday gave his assent to the State Bank of Pakistan (Amendment) Bill, 2012 to strengthen the power of the Central Board of the State Bank to formulate and implement monetary policy and control government borrowing. The Bill was passed
Published 11 Mar, 2012 12:00am
State Bank's powers enhanced: Zardari signs bill into law

State Bank's powers enhanced: Zardari signs bill into law

The President on Saturday gave his assent to the State Bank of Pakistan (Amendment) Bill, 2012 to strengthen the power of the Central Board of the State Bank to formulate and implement monetary policy and control government borrowing. The Bill was passed
Published 11 Mar, 2012 12:00am
State Bank''s powers enhanced: Zardari signs bill into law

State Bank''s powers enhanced: Zardari signs bill into law

The President on Saturday gave his assent to the State Bank of Pakistan (Amendment) Bill, 2012 to strengthen the power of the Central Board of the State Bank to formulate and implement monetary policy and control government borrowing. The Bill was passed
Published 11 Mar, 2012 12:00am
State Bank''''s powers enhanced: Zardari signs bill into law

State Bank''''s powers enhanced: Zardari signs bill into law

The President on Saturday gave his assent to the State Bank of Pakistan (Amendment) Bill, 2012 to strengthen the power of the Central Board of the State Bank to formulate and implement monetary policy and control government borrowing. The Bill was passed
Published 11 Mar, 2012 12:00am
Top Senate slots: coalition nominates Bokhari, Baloch

Top Senate slots: coalition nominates Bokhari, Baloch

Pakistan People's Party (PPP) and its allies have endorsed the nominations of Nayyar Bokhari and Sabir Baloch for the post of Chairman and Deputy Chairman of the upper house, respectively. The decision on the candidature for both the top Senate slots was
Published 11 Mar, 2012 12:00am
Top Senate slots: coalition nominates Bokhari, Baloch

Top Senate slots: coalition nominates Bokhari, Baloch

Pakistan People's Party (PPP) and its allies have endorsed the nominations of Nayyar Bokhari and Sabir Baloch for the post of Chairman and Deputy Chairman of the upper house, respectively. The decision on the candidature for both the top Senate slots was
Published 11 Mar, 2012 12:00am
Prime Minister recounts his government's achievements

Prime Minister recounts his government's achievements

Prime Minister Syed Yousuf Raza Gilani on Saturday said that the passage of amendments to restore 1973 Constitution in its original form without having simple majority was the biggest achievement of his government. Talking to newsmen here at Prime Ministe
Published 11 Mar, 2012 12:00am
Prime Minister recounts his government's achievements

Prime Minister recounts his government's achievements

Prime Minister Syed Yousuf Raza Gilani on Saturday said that the passage of amendments to restore 1973 Constitution in its original form without having simple majority was the biggest achievement of his government. Talking to newsmen here at Prime Ministe
Published 11 Mar, 2012 12:00am
Deutsche Bank multifamily mortgage originator sold

Deutsche Bank multifamily mortgage originator sold

WL Ross & Co and Ranieri Real Estate Partners LP on Friday said that they have acquired Deutsche Bank Berkshire Mortgage, a multifamily loan originator, from Deutsche Bank AG for an undisclosed amount. The company, now called Berkeley Point Capital origin
Published 11 Mar, 2012 12:00am
Oscar winner demands retrial of old acid burn cases under new laws

Oscar winner demands retrial of old acid burn cases under new laws

The first ever Oscar winner for Pakistan Sharmeen Obaid Chinoy has called for the retrial of old acid throwing cases under the new laws. Addressing a press conference here Saturday alongwith her team, the director and producer of short documentary "Saving
Published 11 Mar, 2012 12:00am
Israeli air strikes kill 15 in Gaza

Israeli air strikes kill 15 in Gaza

Israeli air strikes on Gaza killed 15 Palestinians, including a militant group chief, medics said on Saturday, in the deadliest 24 hours in the border area in more than three years. A Palestinian riding a motorcycle was killed and two others were wounded
Published 11 Mar, 2012 12:00am
Israeli air strikes kill 15 in Gaza

Israeli air strikes kill 15 in Gaza

Israeli air strikes on Gaza killed 15 Palestinians, including a militant group chief, medics said on Saturday, in the deadliest 24 hours in the border area in more than three years. A Palestinian riding a motorcycle was killed and two others were wounded
Published 11 Mar, 2012 12:00am
NYPD risks access to tips by spying on Muslims

NYPD risks access to tips by spying on Muslims

Police investigators, prosecutors and mayors in cities nation-wide say the New York Police Department is risking access to information it needs to stop terrorism by conducting clandestine surveillance of Muslims in the city and across the Northeast. They
Published 11 Mar, 2012 12:00am
NYPD risks access to tips by spying on Muslims

NYPD risks access to tips by spying on Muslims

Police investigators, prosecutors and mayors in cities nation-wide say the New York Police Department is risking access to information it needs to stop terrorism by conducting clandestine surveillance of Muslims in the city and across the Northeast. They
Published 11 Mar, 2012 12:00am
Meltdown intel emerges ahead of Japan anniversary

Meltdown intel emerges ahead of Japan anniversary

Japan was Saturday preparing to mark the first anniversary of its tsunami, as government papers revealed ministers were warned of the possibility of meltdowns at Fukushima just after the waves struck. A summary of a government meeting held about four hour
Published 11 Mar, 2012 12:00am
Meltdown intel emerges ahead of Japan anniversary

Meltdown intel emerges ahead of Japan anniversary

Japan was Saturday preparing to mark the first anniversary of its tsunami, as government papers revealed ministers were warned of the possibility of meltdowns at Fukushima just after the waves struck. A summary of a government meeting held about four hour
Published 11 Mar, 2012 12:00am
Afghan foreign minister to visit Qatar to discuss Taliban talks

Afghan foreign minister to visit Qatar to discuss Taliban talks

Afghan Foreign Minister Zalmay Rasool will visit Qatar to meet government officials to discuss reconciliation with the Taliban, a ministry spokesman said on Saturday, a sign the nascent peace process could gain momentum. Rasool is scheduled to leave for Q
Published 11 Mar, 2012 12:00am
Afghan foreign minister to visit Qatar to discuss Taliban talks

Afghan foreign minister to visit Qatar to discuss Taliban talks

Afghan Foreign Minister Zalmay Rasool will visit Qatar to meet government officials to discuss reconciliation with the Taliban, a ministry spokesman said on Saturday, a sign the nascent peace process could gain momentum. Rasool is scheduled to leave for Q
Published 11 Mar, 2012 12:00am
Taliban Guantanamo detainees agree to Qatar transfer

Taliban Guantanamo detainees agree to Qatar transfer

Five Taliban detainees held at the US Guantanamo Bay military prison have agreed to be transferred to Qatar, a move Afghanistan believes will boost a nascent peace process, President Hamid Karzai's spokesman said on Saturday. The transfer idea is part of
Published 11 Mar, 2012 12:00am
Taliban Guantanamo detainees agree to Qatar transfer

Taliban Guantanamo detainees agree to Qatar transfer

Five Taliban detainees held at the US Guantanamo Bay military prison have agreed to be transferred to Qatar, a move Afghanistan believes will boost a nascent peace process, President Hamid Karzai's spokesman said on Saturday. The transfer idea is part of
Published 11 Mar, 2012 12:00am
Supreme Court should also investigate role of Roedad: Firdous

Supreme Court should also investigate role of Roedad: Firdous

Information Minister Firdous Ashiq Awan said on Saturday that the apex court to include Roedad Khan in the investigation of Mehran Bank scandal. Talking to media at the Expo Centre Lahore, she further urged the Supreme Court to bring accused in Mehran Ban
Published 11 Mar, 2012 12:00am
India's Uttar Pradesh gets its youngest-ever chief minister

India's Uttar Pradesh gets its youngest-ever chief minister

Akhilesh Yadav, 38, with no experience in public office, became chief minister of India's most populous state on Saturday. Legislators of the Samajwadi Party, which won a majority in the Uttar Pradesh assembly elections, chose the son of party founder Mul
Published 11 Mar, 2012 12:00am
India's Uttar Pradesh gets its youngest-ever chief minister

India's Uttar Pradesh gets its youngest-ever chief minister

Akhilesh Yadav, 38, with no experience in public office, became chief minister of India's most populous state on Saturday. Legislators of the Samajwadi Party, which won a majority in the Uttar Pradesh assembly elections, chose the son of party founder Mul
Published 11 Mar, 2012 12:00am
BoD PAJCCI meeting today

BoD PAJCCI meeting today

A meeting of Board of Directors (BoD) of Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) will begin on Sunday (today) in Karachi. Former President Sarhad Chamber of Commerce and Industry (SCCI), Ghulam Sarwar Khan Mohmand, former President Usma
Published 11 Mar, 2012 12:00am
BoD PAJCCI meeting today

BoD PAJCCI meeting today

A meeting of Board of Directors (BoD) of Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) will begin on Sunday (today) in Karachi. Former President Sarhad Chamber of Commerce and Industry (SCCI), Ghulam Sarwar Khan Mohmand, former President Usma
Published 11 Mar, 2012 12:00am
BoD PAJCCI meeting today

BoD PAJCCI meeting today

A meeting of Board of Directors (BoD) of Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) will begin on Sunday (today) in Karachi. Former President Sarhad Chamber of Commerce and Industry (SCCI), Ghulam Sarwar Khan Mohmand, former President Usma
Published 11 Mar, 2012 12:00am
Saudi woman students boycott classes in rare protest

Saudi woman students boycott classes in rare protest

Thousands of students at an all-female university in Saudi Arabia boycotted classes on Saturday, protesting against poor services, witnesses said, in a rare display of dissent from women in the conservative Islamic kingdom. It was the second protest at Ki
Published 11 Mar, 2012 12:00am
Saudi woman students boycott classes in rare protest

Saudi woman students boycott classes in rare protest

Thousands of students at an all-female university in Saudi Arabia boycotted classes on Saturday, protesting against poor services, witnesses said, in a rare display of dissent from women in the conservative Islamic kingdom. It was the second protest at Ki
Published 11 Mar, 2012 12:00am
Refinery sector profitability to decline in third quarter: analysts

Refinery sector profitability to decline in third quarter: analysts

The lag reflection of change in international oil prices on domestic petroleum pricing is likely to bode heavily on the refinery sector profitability in the third quarter of FY12, analysts said. "On account of these adverse spread movements, we estimate d
Published 11 Mar, 2012 12:00am
Violent protests in IHK after man run over by army truck

Violent protests in IHK after man run over by army truck

Violent protests erupted in Indian Occupied Kashmir Saturday after a man was run over by an army truck, news reports said. A mob torched the army vehicle and injured two soldiers after the accident in the town of Khannabal, 55 kilometres south of the stat
Published 11 Mar, 2012 12:00am
Supreme Court moved

Supreme Court moved

A member Bar, Barrister Zafarullah has approached the Supreme Court against sale of Habib Bank Limited in a review petition.
Published 11 Mar, 2012 12:00am
KCAA to observe strike from tomorrow

KCAA to observe strike from tomorrow

Karachi Customs Agents Association (KCAA) on Saturday announced that it will stop all clearance activities and observe strike at Air Freight Unit (AFU) from Monday. Faisal Mushtaq, general secretary KCAA in a telephonic conversation with Business Recorder
Published 11 Mar, 2012 12:00am
Pakistan needs to work towards improving its 'perception': Oman envoy

Pakistan needs to work towards improving its 'perception': Oman envoy

"Pakistan is a resource-rich country but it needs to focus on improving its perception in the outer world that is the biggest impediment in the way of foreign direct investment (FDI)." Ambassador of Oman Mohamed Said Mohamed Al-Lawati stated this while sp
Published 11 Mar, 2012 12:00am
Certificate-distribution ceremony of GToT held

Certificate-distribution ceremony of GToT held

The Rural Support Programmes (RSPs), collectively the largest development network in Pakistan, gathered to share their experiences and discuss ways forward at their annual strategy retreat, held on the March 06 and 07 at Bhurban. As the apex body of the R
Published 11 Mar, 2012 12:00am
AAG Punjab sacked

AAG Punjab sacked

Punjab government has dismissed assistant advocate general (AAG) Punjab, Maqsood-ul-Hassan, from his service. The government has taken this step after his failure to present government stance in a bail matter of the factory owners, which was collapsed by
Published 11 Mar, 2012 12:00am
GCU organises All-Pakistan Technology and Art Festival 2012

GCU organises All-Pakistan Technology and Art Festival 2012

The Government College University (GCU) has organised the week-long All Pakistan Technology and Art Festival 2012 that was endeavoured to provide a platform to students from across Pakistan to exhibit their innovative ideas, share knowledge and reveal the
Published 11 Mar, 2012 12:00am
PDWP approves six uplift schemes

PDWP approves six uplift schemes

The Provincial Development Working Party (PDWP) of the Planning & Development Department Punjab approved six uplift schemes of P&D, Communication and Livestock. Around Rs 2,845 million will be spent on these schemes. This was decided in the 31st meeting o
Published 11 Mar, 2012 12:00am
JCP nominates six new LHC additional judges posts

JCP nominates six new LHC additional judges posts

Judicial Commission of Pakistan has nominated the names of six new additional judges for Lahore High Court (LHC). The commission has also recommended the names of Sheikh Ahmed Farooq and Jahangir Arshad for the appointment as judges of Federal Shariat Cou
Published 11 Mar, 2012 12:00am
PRGMEA lauds decision on SEZs, says Khokhar

PRGMEA lauds decision on SEZs, says Khokhar

Chief Co-ordinator and former chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz Khokhar hailed the approval of the bill for setting up Special Economic Zones (SEZs) by the Senate and termed it a right step in the r
Published 11 Mar, 2012 12:00am
BFP criticises surcharge on petrol price

BFP criticises surcharge on petrol price

President Business Forum Punjab (BFP) Ibrahim Qureshi has criticised the government for unfairly taxing the common man Rs 60 to 100 billion per annum through an ad valorem surcharge on the price of petrol. Talking to media, President BFP said the Federal
Published 11 Mar, 2012 12:00am
Security plan to be formulated

Security plan to be formulated

A fool proof security plan would be formulated for the district to ensure peace, said the newly posted Deputy Commissioner (DC) Shahbaz Tahir Nadeem on Saturday. Addressing a high profile meeting he praised the performance of the police department and exp
Published 11 Mar, 2012 12:00am
Osama's widows may face trial under Foreigner Act

Osama's widows may face trial under Foreigner Act

The widows of al Qaeda founder Osama bin Laden were living illegally in Pakistan and under the law those who enter or live in the country without valid documents will not be deported directly but would face trial under Foreigner Act, said legal experts.
Published 11 Mar, 2012 12:00am
SCCI challenges SRO 191 in PHC

SCCI challenges SRO 191 in PHC

Sarhad Chamber of Commerce and Industry (SCCI) has challenged SRO-191(1/2012) issued by the Federal Board of Revenue (FBR) in Peshawar High Court (PHC). Under the SRO-191, it would be mandatory for a buyer to give his national identity card number, nation
Published 11 Mar, 2012 12:00am
SCCI challenges SRO 191 in PHC

SCCI challenges SRO 191 in PHC

Sarhad Chamber of Commerce and Industry (SCCI) has challenged SRO-191(1/2012) issued by the Federal Board of Revenue (FBR) in Peshawar High Court (PHC). Under the SRO-191, it would be mandatory for a buyer to give his national identity card number, nation
Published 11 Mar, 2012 12:00am
Punjab, Oman could extend economic cooperation: Shahbaz

Punjab, Oman could extend economic cooperation: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that Pakistan and Oman has deep friendly ties and these relations will be further strengthened with the passage of time. He said that there are vast prospects of investment in industry, livestock, ene
Published 11 Mar, 2012 12:00am
Jamaat-i-Islami demands speedy trial of major corruption cases

Jamaat-i-Islami demands speedy trial of major corruption cases

Ameer Jamaat-i-Islami (JI), Pakistan, Syed Munawar Hassan, has said that the present government has become a security risk for the security and solidarity of the country as it was promoting ethnic and racial biases and groups.
Published 11 Mar, 2012 12:00am
PML-N denies allegations levelled by Mehrangate scam's characters

PML-N denies allegations levelled by Mehrangate scam's characters

Leader of Pakistan Muslim League-N and Special Assistant to Chief Minister Punjab, Senator Pervaiz Rashid has said that there is no truth in the allegations levelled by the characters of Mehran Bank scam against President Pakistan Muslim League-N, Nawaz S
Published 11 Mar, 2012 12:00am
Broadening tax base: Chairman FBR invites KCCI's proposals

Broadening tax base: Chairman FBR invites KCCI's proposals

Chairman Federal Board of Revenue (FBR), Mumtaz Haider Rizi has invited Karachi Chamber of Commerce and Industry's proposals to broaden the tax-base. Speaking at a meeting on Saturday with representatives of KCCI at Custom House, he further said that the
Published 11 Mar, 2012 12:00am
KSE invites bid for membership rights/seats

KSE invites bid for membership rights/seats

The Karachi Stock Exchange (KSE) has invited bids for the purchase of membership rights/seats of the KSE from the eligible individuals and corporate bodies, financial institutions/banks (local/foreign). According to a KSE notice, any offer, if accepted sh
Published 11 Mar, 2012 12:00am
Samsung expanding network of 'Concept Shops'

Samsung expanding network of 'Concept Shops'

Samsung Electronics is expanding its network of 'Samsung Concept Shops' in numerous cities across Pakistan. A special inauguration ceremony will be held on March 12, at the new Concept Shop, established on the G.T. Road, Gujranwala. Samsung's Managing Dir
Published 11 Mar, 2012 12:00am
Dengue virus surfaces again in Lahore

Dengue virus surfaces again in Lahore

With change in weather conditions, dengue virus has again surfaced, as a local private laboratory has tested positive one positive dengue case in Lahore. A 22-year Abdullah, resident of Johar Town Lahore, has been tested positive as dengue victim. His NS-
Published 11 Mar, 2012 12:00am
Sindh possesses heritage of ancient civilisation: Qaim

Sindh possesses heritage of ancient civilisation: Qaim

The Sindh Chief Minister Syed Qaim Ali Shah said that Sindh possesses world ancient civilisation heritage and added that all resources available to government would be utilised not only to discover, promote but also to preserve the treasure of the ancient
Published 11 Mar, 2012 12:00am
Pollen allergy patients urged to adopt preventive measures

Pollen allergy patients urged to adopt preventive measures

Residents of Islamabad and Rawalpindi afflicted with pollen allergy have been asked to adopt extra preventive measures during the spring season when pollen count ranges highest in mid March in the twin cities. The number of allergy patients goes up in eve
Published 11 Mar, 2012 12:00am
Free medical camp for kidney patients

Free medical camp for kidney patients

To mark the World Kidney Day, Shalamar Hospital Outpatient Department-I set up a free medical camp, here on Saturday. The patients were provided the facility of free diabetes tests, urine test, ultrasound and blood pressure. Awareness literature and free
Published 11 Mar, 2012 12:00am
Textile industry to get incentives: Ikhtiar

Textile industry to get incentives: Ikhtiar

Pakistan has fixed an ambitious textile export target of $25 billion till 2014 in the five-year textile policy and the government is fully supporting the industry to achieve this target, said Dr Mirza Ikhtiar Baig, advisor to Prime Minister on Textile.
Published 11 Mar, 2012 12:00am
Miandad's mother passes away

Miandad's mother passes away

Khatoon Miandad, mother of former Pakistan Captain and Director General Pakistan Cricket Board (PCB) Javed Miandad, died at the age of 95 here on Saturday after protracted illness. "She suffered from leg fracture a few weeks ago and recently hospitalised
Published 11 Mar, 2012 12:00am
Kidnapped boy recovered; one held

Kidnapped boy recovered; one held

Sindh police on Saturday claimed to have arrested an alleged kidnapper and recovered a captive from his possession from Sadi Town area. According to police, the Gulshan Iqbal and Malir Cantt police have arrested an alleged kidnaper namely Abbas and recove
Published 11 Mar, 2012 12:00am
Woman dies in road accident

Woman dies in road accident

A woman died and three others suffered injuries in road accident in the Western Bypass area on Saturday. Speedy truck hit a car, as a result, a woman died instantly while three other inmates received injuries, police said. The injured were moved to hospit
Published 11 Mar, 2012 12:00am
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