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Archive - 2012-03-21
ISE-10 sheds 47 points
Markets

ISE-10 sheds 47 points

ISLAMABAD: The Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bearish trend as the index was down by 47.6
Published 21 Mar, 2012 04:09pm
Packages Ltd declares dividend
Markets

Packages Ltd declares dividend

KARACHI: Packages Ltd has reported a higher loss after tax of Rs 1.567 billion for the year ending December 31, 2011 and
Published 21 Mar, 2012 03:58pm
World Poetry Day passes silently
Arts

World Poetry Day passes silently

ISLAMABAD: World Poetry Day, once again, passed silently today as no prominent literary organization arranged any signif
Published 21 Mar, 2012 02:59pm
Gold improves to Rs49,371
Markets

Gold improves to Rs49,371

KARACHI: Gold improved by Rs 86 to Rs 49,371 per 10 grams in the local market Wednesday as its international price incre
Published 21 Mar, 2012 01:56pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI: On Wednesday, KSE-100 Index remained positive for most of the trading session, falling into negative in the las
Published 21 Mar, 2012 12:59pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI: After moving both sides, the KSE-100 index on Wednesday finally closed at 13,293.12 points, down 10.21 points d
Published 21 Mar, 2012 12:59pm
South Punjab appreciates SMEDA
Top News

South Punjab appreciates SMEDA

LAHORE: The women entrepreneurs of South Punjab have appreciated Small and Medium Enterprises Development Authority (SME
Published 21 Mar, 2012 10:42am
Laos ends gambling in casino city
Asia

Laos ends gambling in casino city

HANOI: Laos is ending gambling in the former casino enclave of Boten on the Chinese border because of worries about crim
Published 21 Mar, 2012 09:12am
RECORDER REPORT: KSE mid day report
Top News

RECORDER REPORT: KSE mid day report

KARACHI: On Wednesday until 12:30 P.M., KSE-100 Index remained positive and was at 13,367.27 with a net positive change
Published 21 Mar, 2012 07:48am
Annan to return to Syria soon
Top News

Annan to return to Syria soon

DAMASCUS: Special envoy Kofi Annan is to return to Syria "very soon," UN chief Ban Ki-moon said on Wednesday, as the UN
Published 21 Mar, 2012 07:47am
Powerful quake in Mexico, 11 injured
Top News

Powerful quake in Mexico, 11 injured

MEXICO CITY: A powerful 7.4-magnitude earthquake struck southwest Mexico, injuring 11 people, damaging hundreds of homes
Published 21 Mar, 2012 07:46am
US military jet crashes in South Korea
Top News

US military jet crashes in South Korea

SEOUL: A US military F-16 jet crashed in southern South Korea on Wednesday during a training mission but its pilot eject
Published 21 Mar, 2012 07:45am
Euro flies optimum over debt crisis
Top News

Euro flies optimum over debt crisis

TOKYO: The euro rose to its highest level in nearly five months against the yen in Asian trade Wednesday and also gained
Published 21 Mar, 2012 06:21am
Foreign investment falling apart
BR Research

Foreign investment falling apart

The oil and gas sector is attracting more than 60 percent of foreign direct investment (FDI). But don let the numbers fool you as it repres
Published 21 Mar, 2012 12:00am
THE RUPEE: divergent trend

THE RUPEE: divergent trend

The rupee moved both ways on the currency market on Tuesday in process of trading, dealers said. Commenting on the demand and supply position of dollar in the money market, traders said persistent dollar demand from oil importers, the biggest buyers of th
Published 21 Mar, 2012 12:00am
Bogus degree of PML-N MNA: LHC seeks report from EC

Bogus degree of PML-N MNA: LHC seeks report from EC

The Lahore High Court here on Tuesday sought a report from Election Commission Punjab in a petition seeking disqualification of a PML-N MNA Rao Mazhar Hayat from Kasur on charge of bogus degree within a month. The petitioner Arbab Jahangir stated that the
Published 21 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 20, 2012).

Published 21 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 20, 2012).

Published 21 Mar, 2012 12:00am
Raisani has assets worth over Rs 390.15 million: ECP

Raisani has assets worth over Rs 390.15 million: ECP

Balochistan Chief Minister Nawab Muhammad Aslam Khan Raisani has assets and property valuing more than Rs 390.15 million. According to a statement of assets and liabilities issued by Election Commission of Pakistan, the Chief Minister has business worth R
Published 21 Mar, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (March 20, 2012).

Published 21 Mar, 2012 12:00am
EPZA for setting up of Halal Export Processing Zone

EPZA for setting up of Halal Export Processing Zone

The Export Processing Zones Authority (EPZA), Chairman, Tariq Hassan, said that there were total nine export processing zones (EPZ) in the country while land deal for 10th EPZ in Mirpur Khas will be finalised in a day or two. He revealed this while giving
Published 21 Mar, 2012 12:00am
35 new water filtration plants approved

35 new water filtration plants approved

Commissioner Lahore Division Jawad Rafique Malik has given approval to a sum of Rs 96.308 million for the installation of 35 new water filtration plants in Lahore and 15 in Sheikhupura for providing clean drinking water to the masses. He gave the approval
Published 21 Mar, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (March 20, 2012).

Published 21 Mar, 2012 12:00am
Dust storms, rain cause a temperature drop in Punjab

Dust storms, rain cause a temperature drop in Punjab

The dust storm and rain in upper regions dropped the temperature in the plains of Punjab up to 10 degree Celsius on Tuesday making the weather pleasant. The maximum temperature in Lahore, which was 32 C on Monday fell to 23 C on Tuesday. Similarly, mercur
Published 21 Mar, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (March 20, 2012) and for Wednesday (March 21, 2012).
Published 21 Mar, 2012 12:00am
International Chicago Labour Lifetime Achievement Award for Zardari

International Chicago Labour Lifetime Achievement Award for Zardari

The International Chicago Labour Confederation (Pakistan Chapter) has announced International Chicago Labour Lifetime Achievement Award for President Asif Ali Zardari. Announcement to this effect was made at a special meeting of the central committee of t
Published 21 Mar, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (March 20, 2012).

Published 21 Mar, 2012 12:00am
PTI condemns hike in price of electricity

PTI condemns hike in price of electricity

Pakistan Tahreek-e-Insaf (PTI) has condemned hike in electricity price and demanded on Tuesday that it should be reversed immediately. PTI, President, Lahore, Mahmood-ur-Rasheed termed the price increase as anti-people step. He said the people were alread
Published 21 Mar, 2012 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 21 Mar, 2012 12:00am
Railways launches drive against black marketing of tickets

Railways launches drive against black marketing of tickets

To curb the menace of travelling without ticket in the trains, excess charging and black marketing of tickets, Pakistan Railways administration has decided to launch special comprehensive campaign against culprits from March 21, Assistant General Manager
Published 21 Mar, 2012 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 21 Mar, 2012 12:00am
Rail Bachao Ittehad stages protest rally

Rail Bachao Ittehad stages protest rally

Workers of Pakistan Railways (PR) from its seven divisions stage a protest on Tuesday at Railways Headquarters. The protesters warned the Railways administration and the government to constant negligence of the PR affairs if railways collapse, which will
Published 21 Mar, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (March 20, 2012).

Published 21 Mar, 2012 12:00am
Multan's traders, manufacturers plan to launch 'save the industry' drive

Multan's traders, manufacturers plan to launch 'save the industry' drive

Local industrialists, manufacturers have planned to launch a "save the industry" drive and convincing the rulers not to shut the local industrial units and not to render millions of workers jobless, said Mian Iqbal Hassan former chairman of board of manag
Published 21 Mar, 2012 12:00am
The Weather

The Weather

The weather report on Tuesday (March 20, 2012) and the forecast for Wednesday (March 21, 2012).

Published 21 Mar, 2012 12:00am
Nine devotees killed, 60 hurt as bus falls into ravine

Nine devotees killed, 60 hurt as bus falls into ravine

Nine devotees were killed and nearly 60 others were injured when a bus fell into a ravine at Haveli BaharShah (Shorkot) in district Jhang, police said on Tuesday. Initial investigation said the accident occurred due to over-speeding. Several injured said
Published 21 Mar, 2012 12:00am
Double-digit inflation

Double-digit inflation

According to the Planning Commission findings the cost of a minimum food basket escalated by 79 percent during the four years of the current government thereby fuelling malnutrition and poverty. These damning statistics are in line with general inflation
Published 21 Mar, 2012 12:00am
Issue of enforced conversions

Issue of enforced conversions

At Thursday's session of the National Assembly the issue of enforced conversions of Hindu girls for marriage with Muslim men in Sindh dominated the proceedings. Minority communities' members demanded that the government take solid steps to eliminate the p
Published 21 Mar, 2012 12:00am
Energy sector: Constitutional issues

Energy sector: Constitutional issues

Some confusion persists as to the distribution of the roles of federation and provinces in the energy sector. Questions have been raised on the maintainability of Nepra in its present form and the possible adjustments that may be required. And there are o
Published 21 Mar, 2012 12:00am
ISI-bashing

ISI-bashing

CIA, MOSSAD, MI-6, RAW, and of course, ISI. These are some of the well-known, respected, and feared organisations, generally known as intelligence or secret agencies, and are mandated by their respective governments or charters to undertake designated act
Published 21 Mar, 2012 12:00am
Egypt's Copts mourn pope with a worried eye on future

Egypt's Copts mourn pope with a worried eye on future

Standing outside St Mark's Cathedral in Cairo, Nermeen Milad was crying as she watched the funeral of Pope Shenouda III, who led Egypt's Coptic Orthodox Church for more than 40 years. "He was a father to all of us," said the 45-year-old Christian, who cam
Published 21 Mar, 2012 12:00am
Discrimination in pensions

Discrimination in pensions

From 1994, the pay and grades of government employees have increased from time to time and their pensions were calculated accordingly. Before 1993, neither pay scales nor pay were increased and pensioners retired before 1993 are facing great difficulties
Published 21 Mar, 2012 12:00am
KDLB failed to impart necessary training to dock workers

KDLB failed to impart necessary training to dock workers

Despite having infrastructure to conduct vocational training course for dock labourers, the Karachi Dock Labour Board (KDLB) has failed to do so, due to lack of indifference and incompetence, putting the lives of labours in danger. Although International
Published 21 Mar, 2012 12:00am
Constitution of body to monitor law, order demanded

Constitution of body to monitor law, order demanded

Chairman, Law and Order Committee of Korangi Association of Trade and Industry (Kati), Nadeem Khan has urged the President, Prime Minister and Federal Minister for Interior to constitute a committee to monitor criminal activities in the city and suggest w
Published 21 Mar, 2012 12:00am
Government should protect new Muslim men, women: Jamaat-i-Islami

Government should protect new Muslim men, women: Jamaat-i-Islami

It is the constitutional duty of the Pakistan government under article 31 of the Constitution to provide legal as well as moral assistance to the new Muslim men and women and those refuting this are criminals not only in the eye of the Shariah but also th
Published 21 Mar, 2012 12:00am
Arbab Rahim criticises government

Arbab Rahim criticises government

Former Chief Minister Sindh and central leader of Pakistan Muslim League Likeminded (PML-L), Dr Ghulam Arbab Rahim on Tuesday alleged that the PPP's government was victimising him by not approving his leave applications in the provincial assembly as an at
Published 21 Mar, 2012 12:00am
APNS awards ceremony to be held on March 28

APNS awards ceremony to be held on March 28

The second APNS awards ceremony will be held on March 28, at Aiwan-e-Sadr, Islamabad wherein awards will be distributed by President, Asif Ali Zardari among the winners of journalist and advertising agencies.
Published 21 Mar, 2012 12:00am
Fire incidents claim two lives

Fire incidents claim two lives

At least two persons including a minor boy lost their lives while over half a dozen sustained burnt injures in two separate fire incidents at various parts of the metropolis here on Tuesday. According to officials in Fire department, the first incident wa
Published 21 Mar, 2012 12:00am
Another clash at Shipowner's College hurts one student

Another clash at Shipowner's College hurts one student

Yet another skirmish between two students' organisations was witnessed at Government Ship Owner College that left a student injured on Tuesday. According to police the clash between Pakhtoon Student Federation (Puk-SF) and Islami Jamiat Tulba (IJT) was re
Published 21 Mar, 2012 12:00am
PML-N condemns attack on TV channel's office

PML-N condemns attack on TV channel's office

President Pakistan Muslim League-N and former Prime Minister Muhammad Nawaz Sharif, Punjab Chief Minister Muhammad Shahbaz Sharif and Senator Pervaiz Rashid on Tuesday have strongly condemned the incidents of firing and ransacking of the private TV channe
Published 21 Mar, 2012 12:00am
300,000 driving licences issued illegally, Sindh Assembly told

300,000 driving licences issued illegally, Sindh Assembly told

As many as 300,000 illegal driving licences have been issued so far while the provincial government has no power to collect motor vehicle tax and issue vehicle fitness certificate and driving licences, the Sindh Transport Minister, Akhtar Hussain Jadoon t
Published 21 Mar, 2012 12:00am
Beekeeping training workshop held

Beekeeping training workshop held

The 8th national beekeeping training workshop was organised by the Department of Zoology, Punjab University on Tuesday. The training workshop would provide an excellent orientation for beekeeping as a hobby and profitable enterprise for honey production f
Published 21 Mar, 2012 12:00am
Factors hampering FDI identified

Factors hampering FDI identified

Fall in average revenue per user, cancellation of license of Pakcom and PTCL dispute with the government of Pakistan over legal transfer of land and property titles are hampering FDI flows to telecom sector in Pakistan, the State Bank of Pakistan report r
Published 21 Mar, 2012 12:00am
SCBA team to leave for India today

SCBA team to leave for India today

A delegation of about 200 lawyers of the Supreme Court Bar Association of Pakistan (SCBAP) will leave for India on Wednesday to interact with legal fraternity in Chandigarh and Delhi. The delegation will cross Wagha border on March 21 and travel to Chandi
Published 21 Mar, 2012 12:00am
Some traders still importing CNG cylinders: FBR informed

Some traders still importing CNG cylinders: FBR informed

All Pakistan CNG Association (APCA) has informed the Federal Board of Revenue (FBR) that some traders are still engaged in the importing CNG cylinders by forging documents despite ban on the import of CNG cylinders from December 15, 2012.
Published 21 Mar, 2012 12:00am
Some traders still importing CNG cylinders: FBR informed

Some traders still importing CNG cylinders: FBR informed

All Pakistan CNG Association (APCA) has informed the Federal Board of Revenue (FBR) that some traders are still engaged in the importing CNG cylinders by forging documents despite ban on the import of CNG cylinders from December 15, 2012.
Published 21 Mar, 2012 12:00am
UN body urged to probe gang rapes by Indian troops in IHK

UN body urged to probe gang rapes by Indian troops in IHK

Kashmiri representatives, Altaf Hussain Wani and Sardar Amjad Yousuf, have called upon the United Nations Human Rights Council to constitute an inquiry commission to investigate the allegations of gang rape in occupied Kashmir.
Published 21 Mar, 2012 12:00am
Merrill Lynch to act as 'Market Maker' for Fatima Fertiliser

Merrill Lynch to act as 'Market Maker' for Fatima Fertiliser

Bank of America - Merrill Lynch has been approved by the US regulator FINRA to act as "'Market Maker' for Fatima Fertiliser Company Limited for its sponsored level 1 American Depository Receipt (ADR) programme. BoA-Merrill Lynch, one of the world's premie
Published 21 Mar, 2012 12:00am
First half NFA saw Rs 139.9 billion contraction: SBP

First half NFA saw Rs 139.9 billion contraction: SBP

The NFA of the banking system witnessed a net contraction of Rs 139.9 billion during H1FY12, in sharp contrast to an expansion of Rs 126.8 billion during the same period last year. According to SBP's second quarterly report this was driven by the developm
Published 21 Mar, 2012 12:00am
Schneider Electric helping flood victims

Schneider Electric helping flood victims

Schneider Electric, the global specialist in Energy Management and its Foundation contribute generously towards the uplift of flood affected areas across Pakistan, by supporting a professional training programme with The Hunar Foundation (THF). This agree
Published 21 Mar, 2012 12:00am
Refinery sales decline by two percent on year-on-year basis

Refinery sales decline by two percent on year-on-year basis

The overall refinery sales in the country declined by 2 percent on year-on-year basis to 4.991 million tons during the eight months of FY12. The major decline was witnessed in the sales of furnace oil that reduced by 11 percent to 1.411 million tons durin
Published 21 Mar, 2012 12:00am
LSE launches investors' awareness campaign nationwide

LSE launches investors' awareness campaign nationwide

With a view to prepare youth for better understanding of economic affairs, Lahore Stock Exchange (LSE) began first-ever nationwide investors' awareness campaign. The first programme of the series was held here at the University of the Punjab where LSE's o
Published 21 Mar, 2012 12:00am
NetSol Technologies gets Teradata Excellence award

NetSol Technologies gets Teradata Excellence award

NetSol Technologies Ltd received Teradata National IT Excellence Award in the category of 'Excellence in Software Export'. Chairman NetSol Technologies Ltd. Salim Ghauri received the award at a ceremony organised by Teradata in Karachi recently.
Published 21 Mar, 2012 12:00am
Fourth International CSR summit on March 28

Fourth International CSR summit on March 28

National Forum for Environment and Health (NFEH) in collaboration with Intellectual Property Rights Organisation and United Nations Environment Programme (UNEP) is organising 4th International Summit on Corporate Social Responsibility (CSR) on March 28 at
Published 21 Mar, 2012 12:00am
100 more primary schools to be set up in Peshawar: Hoti

100 more primary schools to be set up in Peshawar: Hoti

Chief Minister, Khyber Pakhtunkhwa, Ameer Haider Khan Hoti has announced the allocation of Rs 400 million for establishment 100 new primary schools in city district and district Peshawar, saying these schools will be established in rented houses.
Published 21 Mar, 2012 12:00am
Protests held against prolonged outages

Protests held against prolonged outages

The industrial workers and citizens irked by 16 to 18 hours of power outages staged protest demonstrations at various locations across the industrial city. A major protest was held at Sumandri road and Pull Korian, which resulted in traffic jams on almost
Published 21 Mar, 2012 12:00am
Lucky Cement plans to sell additional electricity to Pesco

Lucky Cement plans to sell additional electricity to Pesco

Lucky Cement Limited Pakistan has planned to sell additional electricity to the Peshawar Electricity Supply Company (Pesco) through its plant in Darra Pezu to ensure smooth supply of electricity to district Lakki Marwat and Dera Ismail Khan of Khyber Pakh
Published 21 Mar, 2012 12:00am
Mengal assumes charge of DCO Lahore

Mengal assumes charge of DCO Lahore

New District Co-ordination Officer of Lahore Noor-ul-Amin Mengal has assumed the charge of DCO Lahore on Tuesday. The former DCO Ahad Khan Cheema briefed to new DCO Lahore on various issues. Noor-ul-Amin belongs to Balochistan and he was the Additional Se
Published 21 Mar, 2012 12:00am
Two policemen killed in blast

Two policemen killed in blast

Two police cops including a sub-inspector were killed and three other wounded in a remote-control explosion near their vehicle on Ring Road Square on Kohat Road here on Tuesday evening. According to police sources, the police mobile was on routine patroll
Published 21 Mar, 2012 12:00am
International Mushaira on March 29

International Mushaira on March 29

Hyderabad Chamber of Commerce & Industry (HCCI) is organising an international Mushaira on 29th March in Hyderabad. Commissioner of Hyderabad Division Ahmed Baksh Narejo talking to HCCI delegation led by Syed Yawar Ali Shah assured his full co-operation i
Published 21 Mar, 2012 12:00am
Babar Awan case: contempt charge to be framed on April 2

Babar Awan case: contempt charge to be framed on April 2

The Supreme Court on Tuesday adjourned the hearing of a case frame against former law minister Babar Awan. A bench comprising Justice Ejaz Afzal Khan and Justice Muhammad Ather Saeed was apprised by Babar Awan that his counsel Ali Zafar could not turn up
Published 21 Mar, 2012 12:00am
Khyber Pakhtunkhwa minister wants archaeological artifacts back

Khyber Pakhtunkhwa minister wants archaeological artifacts back

Khyber Pakhtunkhwa Minister for Archaeology and Tourism, Aqil Shah has called for the return of all those archaeological artifacts to the province, which were shifted to other parts of the country to put them on display in Khyber Pakhtunkhwa.
Published 21 Mar, 2012 12:00am
Profit after tax of Pakgen Power reduces

Profit after tax of Pakgen Power reduces

The profit after tax of Pakgen Power Limited has reduced to Rs 1.368 billion in year ended December 31, 2011 as compared to Rs 1.537 billion earned in the corresponding period in 2010. The board of directors of the company in its meeting held on Tuesday d
Published 21 Mar, 2012 12:00am
Profit after tax of Pakgen Power reduces

Profit after tax of Pakgen Power reduces

The profit after tax of Pakgen Power Limited has reduced to Rs 1.368 billion in year ended December 31, 2011 as compared to Rs 1.537 billion earned in the corresponding period in 2010. The board of directors of the company in its meeting held on Tuesday d
Published 21 Mar, 2012 12:00am
Experts underline need for effective EIA

Experts underline need for effective EIA

Experts at a media seminar on Tuesday underlined the need for effective Environmental Impact Assessment (EIA) to mitigate the environmental damage and loss to the national kitty. The expert from Planning and Environmental Sectors called upon the state dep
Published 21 Mar, 2012 12:00am
Wynne, Sri Lankan President discuss regional situation

Wynne, Sri Lankan President discuss regional situation

General Khalid Shameem Wynne, Chairman Joint Chiefs of Staff Committee (CJCSC), who is on an official visit to Sri Lanka called on Mahinda Rajapaksa, the President of Sri Lanka. General Wynne discussed matters related to mutual interest and regional situa
Published 21 Mar, 2012 12:00am
APCNGA launches safety campaign in Punjab, Khyber Pakhtunkhwa

APCNGA launches safety campaign in Punjab, Khyber Pakhtunkhwa

The All Pakistan CNG Association (APCNGA) has launched 'CNG cylinder/Kits safety campaign' in Punjab and Khyber Pakhtunkhwa (KP). APCNGA Central Chairman Ghiyas Abdullah Paracha talking to reporters here on Tuesday stated that the campaign would cover the
Published 21 Mar, 2012 12:00am
Bilateral trade ties to improve through joint Pak-Afghan Chamber

Bilateral trade ties to improve through joint Pak-Afghan Chamber

Ziaul Haq Sarhadi, executive member Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) has expressed the hope that the bilateral trade relations between Pakistan and Afghanistan, would improve following the establishment of joint chamber of the bo
Published 21 Mar, 2012 12:00am
SPSC Hyderabad declares withheld results

SPSC Hyderabad declares withheld results

The Sindh Public Service Commission (SPSC) Hyderabad has declared the withheld results of the post of lecturer/instructor Math-ematics (male & female) BPS-17 in Bureau of Curriculum & Extension Wing Jamshoro and Librarian (female) BPS-17 in Education & Li
Published 21 Mar, 2012 12:00am
Flood-hit farmers seek compensation

Flood-hit farmers seek compensation

Thousand of farmers took out a big protest rally here on Monday against the apathetic attitude of the government for not paying the compensation to the farmers whose crops were completely washed-out during the monsoon ravaging flood in 2010.
Published 21 Mar, 2012 12:00am
Two killed in separate incidents

Two killed in separate incidents

At least two persons were killed while one other injured in separate incidents of violence at various parts of the metropolis here on Tuesday. According to police, a 20-year-old Rehan son of Arif was killed while his friend Amin sustained bullet wounds wh
Published 21 Mar, 2012 12:00am
Alleged bandit killed

Alleged bandit killed

Sindh police on Tuesday claimed to have killed an alleged bandit in a gun dustup near KMC graveyard Baldia in the precincts of Saeedabad police station. According to police, the incident took place at near KMC graveyard Mawach Goth Baldia Town, where two
Published 21 Mar, 2012 12:00am
MGCL begins supplying 44mmscf gas to SNGPL

MGCL begins supplying 44mmscf gas to SNGPL

Mari Gas Company Limited (MGCL) has started supplying 44mmscf per day gas to Sui Northern Gas Pipelines Limited (SNGPL) with effect from March 10, 2012 from Mari Field (Mari Deep Reservoir) in order to meet the energy demand in the country. "By supplying
Published 21 Mar, 2012 12:00am
389 wheat procurement centres set up in Sindh

389 wheat procurement centres set up in Sindh

Sindh Food Department has set up 389 wheat procurement centres for procurement of 1.3 million metric tons of wheat from various districts of the province at the rate of Rs 1050/- per 40 kilogrammes from April 1, 2012. The procurement rate of 40kg of wheat
Published 21 Mar, 2012 12:00am
Pakistan Day function tomorrow

Pakistan Day function tomorrow

Quaid-e-Azam Academy, Karachi will hold a function to celebrate Pakistan Day in Jinnah Hall here on March 22, according to an announcement made by Dr Shehla Kazmi, acting Director of Academy. Dr Abdul Wahab, Muslim Shamim, advocate, Professor Dr Khalid Me
Published 21 Mar, 2012 12:00am
Need to enhance trade with South America stressed

Need to enhance trade with South America stressed

Pakistan needs to enhance trade with South America, being the fifth most populous continent whose ethnicity is by and large influenced by Europe and the US. Talking to Business Recorder, Member Export Islamabad Chamber of Commerce and Industry (ICCI) Ahma
Published 21 Mar, 2012 12:00am
LUMHS MBBS exam results

LUMHS MBBS exam results

The Controller of Examinations Undergraduate Studies Liaquat University of Medical and Health Sciences (LUMHS) Jamshoro on Tuesday announced the result of Second Professional MBBS, Fifth and Sixth Semesters Re-Sit Examinations of the year 2011. The semest
Published 21 Mar, 2012 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold fell early on Tuesday, on track to snap a three-day winning streak, amid selling prompted by lower crude oil and US equity markets and a spate of positive US economic data that eroded hopes of more US monetary easing.
Published 21 Mar, 2012 12:00am
US MIDDAY: copper sinks

US MIDDAY: copper sinks

In New York, the May COMEX contract slumped 7.85 cents, or 2 percent, to settle at $3.8305 per lb, after dealing between $3.8135 and $3.91. Volumes remained on the light side, with about 45,700 traded in late New York business - down by more than a third
Published 21 Mar, 2012 12:00am
US MIDDAY: corn and soya fall

US MIDDAY: corn and soya fall

US corn futures fell nearly 3 percent on Tuesday while soyabeans and wheat also slid as funds liquidated long positions amid bearish chart signals and favourable US crop weather. Both corn and soyabeans were on track to post their biggest daily declines s
Published 21 Mar, 2012 12:00am
Gold drops in Europe

Gold drops in Europe

Gold fell for the first time in four days on Tuesday, hampered by the strength in the dollar, which profited from the growing view in the market that the US economy is on a firmer footing. The dollar benefited from wariness in the market stemming from tal
Published 21 Mar, 2012 12:00am
Gold down in Asia

Gold down in Asia

Gold edged lower on Tuesday as a brightened US economic outlook dented its safe-haven appeal, while a buoyant equity market also prompted investors to take money out of bullion. Spot gold lost 0.3 percent to $1,655.35 an ounce by 0608 GMT, snapping three
Published 21 Mar, 2012 12:00am
Gold up in New York

Gold up in New York

Gold rose on Monday after a steep drop last week, with some investors encouraged by signs that central banks have been buying the precious metal on dips, but technical factors suggested prices could fall further. Spot gold was up 0.6 percent on the day at
Published 21 Mar, 2012 12:00am
US MIDDAY: cocoa surges

US MIDDAY: cocoa surges

Cocoa futures jumped on Tuesday as concerns about poor quality beans in top grower Ivory Coast spurred a wave of short-covering in the New York and London markets. Raw sugar marched to a three-week top, but then stalled on producer sales while coffee edge
Published 21 Mar, 2012 12:00am
US MIDDAY: wheat sags

US MIDDAY: wheat sags

US wheat futures fell nearly 3 percent Monday on technical selling and wetter forecasts for the southern US Plains winter wheat belt this week that should boost crop development. "We're hearing a half-inch to 1-1/2 inches (2.5 cm) (of rain) today and tomo
Published 21 Mar, 2012 12:00am
Palm oil down

Palm oil down

Malaysian palm oil futures extended losses on Tuesday as some traders took profits on concerns that the market was overbought, although losses were limited by still-robust demand as indicated by export trends. Palm oil rallied to a 9-month high of 3,418 r
Published 21 Mar, 2012 12:00am
India to review sugar exports

India to review sugar exports

A ministers' panel will review sugar exports on March 26, a government source said on Tuesday, raising hopes of more overseas sale of the sweetener from the world's second-biggest producer that could put pressure on global prices.
Published 21 Mar, 2012 12:00am
Oil falls as Saudi Arabia seeks to calm markets

Oil falls as Saudi Arabia seeks to calm markets

Oil dropped nearly 2 percent Tuesday as Saudi Arabia sought to knock back the price rise that has threatened the global economy, with the oil minister offering the most detailed argument to date that Opec nation was prepared to meet any supply shortfalls.
Published 21 Mar, 2012 12:00am
Copper declines

Copper declines

Copper fell on Tuesday as the dollar strengthened and equities markets retreated and after BHP Billiton, the world's biggest miner, raised concerns about the possibility of a sharp slowdown in iron ore demand from top metals consumer China.
Published 21 Mar, 2012 12:00am
Shanghai copper eases

Shanghai copper eases

The most-traded June copper contract on the Shanghai Futures Exchange eased 0.08 percent to 60,350 yuan ($9,500) per tonne on Tuesday. Demand from top copper user China remained slack, and hopes for an increase in purchases were slim, given easing demand
Published 21 Mar, 2012 12:00am
New York cotton settles easier

New York cotton settles easier

Cotton futures settled easier on Tuesday on investor and speculative sales as weakness in outside markets kept fibre contracts on the defensive in an otherwise rangebound session, analysts said. The benchmark May contract on ICE Futures US lost 1.18 cents
Published 21 Mar, 2012 12:00am
New York Times curbs free Web access, subscriptions rise

New York Times curbs free Web access, subscriptions rise

The New York Times said Tuesday it was cutting back on free access to its online content, as it announced gains in paid subscriptions to its news website. The prominent US daily said it would be moving the "pay gate" at NYTimes.com to 10 free articles a m
Published 21 Mar, 2012 12:00am
Big earthquake hits Mexico

Big earthquake hits Mexico

A major earthquake struck south-western Mexico on Tuesday, frightening residents and shaking buildings as far as the capital, though authorities said there were no initial reports of serious damage. The US Geological Survey said the quake was 7.6 on the R
Published 21 Mar, 2012 12:00am
Syrian rebels quit eastern city; Russia critical

Syrian rebels quit eastern city; Russia critical

Rebel fighters fled the eastern Syrian city of Deir al-Zor on Tuesday in the face of a fierce army assault, as Russia issued its toughest criticism yet of President Bashar al-Assad's handling of the year-long revolt. The flight from the remote desert city
Published 21 Mar, 2012 12:00am
Dutch museum discovers new Van Gogh

Dutch museum discovers new Van Gogh

A still life depicting a bouquet of flowers painted by Dutch master Vincent Van Gogh in 1886 has been authenticated in a study which used a new x-ray technique, a Dutch museum spokeswoman said Tuesday. "With this new radiography, there was no more doubt,"
Published 21 Mar, 2012 12:00am
Nearly 200 held in India nuclear protest

Nearly 200 held in India nuclear protest

Police in a southern Indian state said Tuesday they had arrested nearly 200 activists who were protesting the start of work at a long-stalled nuclear power plant. Engineers resumed working Tuesday on one of two 1,000-megawatt nuclear reactors in Tamil Nad
Published 21 Mar, 2012 12:00am
Iran paid Hamas to block Palestinian deal: Fatah

Iran paid Hamas to block Palestinian deal: Fatah

Iran paid the Islamist group Hamas to block a deal with the rival Fatah movement that would have ended a five-year rift between the two main Palestinian factions, a Fatah spokesman said on Tuesday. He said Tehran recently resumed financial aid to Hamas wh
Published 21 Mar, 2012 12:00am
6.2-magnitude quake strikes Papua, Indonesia

6.2-magnitude quake strikes Papua, Indonesia

A 6.2-magnitude earthquake struck the Papua region of Indonesia on Wednesday, meteorologists said, but there was no tsunami warning or reports of damage. The quake struck at 2:56 am (1756 GMT) at a depth of 66.9 kilometres (41.6 miles), some 154 kilometre
Published 21 Mar, 2012 12:00am
Annan, Arab League chief urge unity to fight Syria crisis

Annan, Arab League chief urge unity to fight Syria crisis

UN-Arab League envoy Kofi Annan and Arab League chief Nabil al-Arabi on Tuesday called on the international community to stand united in the face of the festering Syria crisis, the UN said. At a meeting in Geneva the peace envoy and Arabi "discussed the c
Published 21 Mar, 2012 12:00am
Dozens of bombs kill 52 across Iraq

Dozens of bombs kill 52 across Iraq

More than 30 bombs struck cities and towns across Iraq on Tuesday, killing at least 52 people and wounding about 250, despite a massive security clampdown ahead of next week's Arab League summit in Baghdad. It was Iraq's bloodiest day in nearly a month, a
Published 21 Mar, 2012 12:00am
China raises concern with North Korea over rocket launch

China raises concern with North Korea over rocket launch

China's envoy on North Korea has expressed concern about the North's planned rocket launch, a Foreign Ministry official said on Tuesday, in China's latest bid to coax the North to abandon the launch that could stymie a US aid offer.
Published 21 Mar, 2012 12:00am
Two Britons released

Two Britons released

Two British men arrested in Afghanistan with 30 AK-47 assault rifles have been released and cleared after a January arrest for weapons smuggling, their Canadian employer said Tuesday. Julian Steele and James Davis were detained while driving through Kabul
Published 21 Mar, 2012 12:00am
Thousands attend funeral of Egypt's Pope

Thousands attend funeral of Egypt's Pope

Thousands of mourners packed Cairo's main cathedral on Tuesday for the funeral of Pope Shenouda, who spent his final years trying to comfort a Coptic Orthodox community disturbed by the rise of political Islam in Egypt.
Published 21 Mar, 2012 12:00am
Six Darfur rebels get death

Six Darfur rebels get death

A Sudanese court sentenced to death six members of a major Darfur rebel group on Tuesday, including a top commander, the group's lawyer said. The ruling is another blow to the Justice and Equality Movement (JEM), considered to be the most militarily poten
Published 21 Mar, 2012 12:00am
PCNS recommendations: coalition partners discuss pros & cons

PCNS recommendations: coalition partners discuss pros & cons

Pakistan People's Party (PPP) and its allies have discussed pros and cons of the report of Parliamentary Committee on National Security, which was presented to the joint-sitting on Tuesday. They discussed the report in a meeting held in the Presidency on
Published 21 Mar, 2012 12:00am
Range Hospitality's: residences hotel project in Karbala under way

Range Hospitality's: residences hotel project in Karbala under way

Range Hospitality, a progressive Dubai based real estate developer with a successful track record, has invested in the religious tourism sector in the city of Karbala, Iraq. Addressing a press conference here on Tuesday at Karachi, Shafaat Hashmi, Busines
Published 21 Mar, 2012 12:00am
Hoti holds most of assets in his spouse's name

Hoti holds most of assets in his spouse's name

The Election Commission of Pakistan (ECP) Tuesday declared the annual statements of assets and liabilities for the financial year ending June 30, 2011 of the Senators as well as members of three provincial assemblies - Sindh, Khyber-Pakhtunkhwa and Baloch
Published 21 Mar, 2012 12:00am
DIRECTORATE OF INDUSTRIES (STATISTICAL WING) GOVERNMENT OF SINDH

DIRECTORATE OF INDUSTRIES (STATISTICAL WING) GOVERNMENT OF SINDH

PRESS NOTE: Directorate of Industries, Government of Sindh is conducting census of Manufacturing Industries for the year 2010 - 2011 under Industrial Statistics Act 1942. According to this Act, it is mandatory for all manufacturing units registered
Published 21 Mar, 2012 12:00am
Selling of newborn babies: doctor, wife arrested

Selling of newborn babies: doctor, wife arrested

The Bara Kaho Police have arrested red handed a doctor and his wife for being involved in selling of newborn babies and recovered a baby, police sources said. According to police sources acting on a tipoff the police party raided Niaz Medical Centre in Ba
Published 21 Mar, 2012 12:00am
Sindh pays tributes to Sooriya Badshah

Sindh pays tributes to Sooriya Badshah

Sindh Assembly on Tuesday paid tributes to the founder of Hur movement, Syed Sibghatullah Shah Rashdi known as Sooriya Badshah on his 69th death anniversary. With Speaker Nisar Khuhro in chair, a lady lawmaker of Pakistan Muslim League Functional (PML-F),
Published 21 Mar, 2012 12:00am
ECP declares assets of rich Senators

ECP declares assets of rich Senators

The Election Commission of Pakistan (ECP) on Tuesday declared the assets of rich senators that run into millions and billions of rupees. The ECP statement includes some trustworthy names who have also avoided revealing their actual assets.
Published 21 Mar, 2012 12:00am
PPCBL loans for kharif crops in next month

PPCBL loans for kharif crops in next month

The Punjab Provincial Co-operative Bank Ltd (PPBCL) will start giving loans to the small farmers and member co-operative societies for the coming Kharif crops 2012-13 including cotton, rice, sugarcane, maize, vegetables, fodder etc in next month.
Published 21 Mar, 2012 12:00am
Kayani, General Sir Peter Wall discuss security, defence

Kayani, General Sir Peter Wall discuss security, defence

Chief of Army Staff (CoAS), General Ashfaq Parvez Kayani called on Chief of General Staff of United Kingdom, General Sir Peter Wall, on Tuesday. The meeting was followed by discussions on issues of professional interest, highlight of which was the briefin
Published 21 Mar, 2012 12:00am
PAF chief calls on President

PAF chief calls on President

Air Chief Marshal Tahir Rafique Butt on Tuesday called on President Asif Ali Zardari at Aiwan-e-Sadr. Air Chief Marshal has assumed command of the Air Force upon the completion of tenure of Air Chief Marshal Rao Qamar Suleman.
Published 21 Mar, 2012 12:00am
FAUJI CEMENT COMPANY LIMITED

FAUJI CEMENT COMPANY LIMITED

Fauji Cement Company Limited is a major producer of cement in Pakistan. Established in 1997 at the Jhang Bhatar District Attock. The company started operations at a production of 3,150 metric tons of cement per day (TPD). In 2011, the production capacity
Published 21 Mar, 2012 12:00am
FAUJI CEMENT COMPANY LIMITED

FAUJI CEMENT COMPANY LIMITED

Fauji Cement Company Limited is a major producer of cement in Pakistan. Established in 1997 at the Jhang Bhatar District Attock. The company started operations at a production of 3,150 metric tons of cement per day (TPD). In 2011, the production capacity
Published 21 Mar, 2012 12:00am
Economy still expected to grow in 3 to 4 percent range

Economy still expected to grow in 3 to 4 percent range

The State Bank of Pakistan on Tuesday indicated that revised fiscal deficit target of 4.7 percent of GDP seems to be challenging. According to SBP's second quarterly report developments during H1FY12 indicate that risks to macroeconomic stability are stem
Published 21 Mar, 2012 12:00am
Economy still expected to grow in 3 to 4 percent range

Economy still expected to grow in 3 to 4 percent range

The State Bank of Pakistan on Tuesday indicated that revised fiscal deficit target of 4.7 percent of GDP seems to be challenging. According to SBP's second quarterly report developments during H1FY12 indicate that risks to macroeconomic stability are stem
Published 21 Mar, 2012 12:00am
Current account deficit a challenge: SBP

Current account deficit a challenge: SBP

The State Bank of Pakistan has said that funding to modest current account deficit could be challenging owing to fall in financial and capital inflows. On external front, although the current account deficit is expected to be in the range of 1.5 to 2.5 pe
Published 21 Mar, 2012 12:00am
Current account deficit a challenge: SBP

Current account deficit a challenge: SBP

The State Bank of Pakistan has said that funding to modest current account deficit could be challenging owing to fall in financial and capital inflows. On external front, although the current account deficit is expected to be in the range of 1.5 to 2.5 pe
Published 21 Mar, 2012 12:00am
US home building permits near 3-1/2 year high

US home building permits near 3-1/2 year high

Permits for US homebuilding neared a 3-1/2 year high in February, suggesting a budding recovery in the housing market was still on track even though groundbreaking activity slipped. New building permits surged 5.1 percent to a seasonally adjusted annual r
Published 21 Mar, 2012 12:00am
Spain, UK raids seize 300,000 doses of fake drugs

Spain, UK raids seize 300,000 doses of fake drugs

Police across Europe have seized almost 300,000 doses of counterfeit anti-impotence and weight-loss medicines, highlighting the prevalence of fake drugs in the region. Britain's Medicines and Healthcare products Regulatory Agency (MHRA) said on Tuesday th
Published 21 Mar, 2012 12:00am
China's inflation expectations easing

China's inflation expectations easing

Expectations of consumer inflation in China fell in the first quarter of 2012 from the fourth quarter of last year, according to the central bank's latest survey of 20,000 households, published on Tuesday. The index measuring inflation expectations was at
Published 21 Mar, 2012 12:00am
IMF tells Swiss to end FX cap once economy improves

IMF tells Swiss to end FX cap once economy improves

Switzerland should again allow its currency to trade freely once deflationary pressures ease and growth picks up, the IMF said, while giving no more precise indication when the six-month-old cap on the franc should be lifted. As part of its annual evaluat
Published 21 Mar, 2012 12:00am
British official inflation slows to 15-month low

British official inflation slows to 15-month low

Britain's 12-month inflation rate slowed in February to a 15-month low point on the back of falling domestic electricity and gas bills, official data showed on Tuesday. Annual Consumer Prices Index (CPI) inflation retreated last month to 3.4 percent, the
Published 21 Mar, 2012 12:00am
Russia-Belarus potash producer inks deal with China

Russia-Belarus potash producer inks deal with China

Belarusian Potash Company (BPC), an agent and joint venture of producers Uralkali and Belaruskali, agreed to sell up to 500,000 tonnes of potash to China in the second quarter and kept the price unchanged from the second half of 2011. The contract for 400
Published 21 Mar, 2012 12:00am
Iraq's southern oil exports jump

Iraq's southern oil exports jump

Iraq's oil exports from its southern ports have jumped by 150,000 barrels per day (bpd) in March, according to shipping data tracked by Reuters, a sign Baghdad is on the way towards boosting shipments to a post-war record rate. Exports from the Basra oil
Published 21 Mar, 2012 12:00am
UK launches small firm loan scheme; critics want more

UK launches small firm loan scheme; critics want more

British finance minister George Osborne launches his much-vaunted 20 billion pound credit easing scheme to help small companies on Tuesday, but critics argue the plan will make little difference to cash-starved firms. With Britain's prized triple-A credit
Published 21 Mar, 2012 12:00am
Gulf countries, China agree to boost trade

Gulf countries, China agree to boost trade

China's vice trade minister and Saudi Arabia's finance minister held talks over possible joint ventures in petrochemicals and banking on Tuesday, state-run Saudi Press Agency (SPA) said, as part of a wider Chinese push into the oil exporting Gulf.
Published 21 Mar, 2012 12:00am
US sets low duties on solar panels from China

US sets low duties on solar panels from China

The United States on Tuesday set preliminary duties of less than 5 percent on solar panels from China it said were unfairly subsidized, two sources familiar with the decision said. The US Commerce Department determined Chinese solar cell and panel manufac
Published 21 Mar, 2012 12:00am
US sets low duties on solar panels from China

US sets low duties on solar panels from China

The United States on Tuesday set preliminary duties of less than 5 percent on solar panels from China it said were unfairly subsidized, two sources familiar with the decision said. The US Commerce Department determined Chinese solar cell and panel manufac
Published 21 Mar, 2012 12:00am
Egypt to sell land to expatriates, cut budget deficit

Egypt to sell land to expatriates, cut budget deficit

Egypt will launch a scheme on Saturday to reduce its budget deficit by selling plots of land near Cairo to Egyptians living abroad, the housing minister said on Tuesday, with the aim of raising $15 billion over four years. The deficit has widened since la
Published 21 Mar, 2012 12:00am
French authorities probe Google's tax bill

French authorities probe Google's tax bill

French authorities are probing Google for potential tax avoidance, a source close to the matter said Tuesday, with the US Internet giant facing a possible bill of over 100 million euros ($132 million). "A process of tax adjustment is under way," the sourc
Published 21 Mar, 2012 12:00am
French authorities probe Google's tax bill

French authorities probe Google's tax bill

French authorities are probing Google for potential tax avoidance, a source close to the matter said Tuesday, with the US Internet giant facing a possible bill of over 100 million euros ($132 million). "A process of tax adjustment is under way," the sourc
Published 21 Mar, 2012 12:00am
India to urge airlines to boycott EU carbon scheme

India to urge airlines to boycott EU carbon scheme

India will urge its airlines to boycott the European Union's carbon charge scheme, raising the prospect of a global trade war over a law requiring flights in and out of Europe to pay for their greenhouse gas emissions. A senior Indian government official
Published 21 Mar, 2012 12:00am
Bangladesh reach historic Asia Cup final

Bangladesh reach historic Asia Cup final

Tamim Iqbal celebrated his 23rd birthday with a half-century and Shakib Al Hasan also made fifty as Bangladesh beat Sri Lanka by five wickets on Tuesday to get to the Asia Cup final for the first time. The home side reached their revised target of 212 run
Published 21 Mar, 2012 12:00am
Afghanistan, Namibia reach T20 qualifying finals

Afghanistan, Namibia reach T20 qualifying finals

Favourites Afghanistan and seventh-seed Namibia have reached the first final of the ICC World Twenty20 qualifying tournament after topping their groups. Both sides were unbeaten over seven matches in the competition in the United Arab Emirates, in which t
Published 21 Mar, 2012 12:00am
Trickett grabs relay berth at London Games

Trickett grabs relay berth at London Games

Three-time Olympic champion Libby Trickett squeezed into Australia's sprint relay team at the London Games with a fifth place finish in Tuesday's 100-metre freestyle final at the trials. Trickett, 27, teary-eyed and her lip quivering with emotion, savoure
Published 21 Mar, 2012 12:00am
Aamer lying to revive career, says Salman's father

Aamer lying to revive career, says Salman's father

The father of Pakistan's jailed former cricket captain Salman Butt on Tuesday accused disgraced bowler Mohammed Aamer of falsely pinning all the blame on his son in order to revive his career. Aamer, in his first interview since being released from a Brit
Published 21 Mar, 2012 12:00am
Silva pushes for Test recall against England

Silva pushes for Test recall against England

Chamara Silva belted a superb century against England on Tuesday to stake a claim in Sri Lanka's line-up for the upcoming Test series against the tourists. The right-hander made 163 off 180 balls to lift Sri Lanka Development XI to 376-5 by stumps on the
Published 21 Mar, 2012 12:00am
Indonesia submits FIFA plan in bid to end crisis

Indonesia submits FIFA plan in bid to end crisis

Indonesia's football association has submitted to FIFA its plans to resolve a crisis sparked by the revival of a breakaway league in a bid to avoid sanctions, an official said Tuesday. Football's top governing body had asked Indonesia's football associati
Published 21 Mar, 2012 12:00am
English Premier League TV deal could be pan-European

English Premier League TV deal could be pan-European

The next deal for live television rights for the English Premier League could be pan-European rather than domestic, chief executive Richard Scudamore said on Tuesday. For 20 years lucrative British deals with BSkyB's Sky Sports have helped the league beco
Published 21 Mar, 2012 12:00am
DIB's sports gala concludes

DIB's sports gala concludes

President CEO Dubai Islamic Bank, Junaid Ahmad has said that Pakistanis have great potential in sporting fields and they can bring laurels to the country if they will be provided all the necessary facilities in this regard.
Published 21 Mar, 2012 12:00am
Former ICC chief says India is illegal betting hub

Former ICC chief says India is illegal betting hub

A former International Cricket Council chief on Tuesday accused India of fostering corruption in the sport, saying illegal betting in the country was the root cause of the problem. Ehsan Mani, who headed the ICC between 2003 and 2006, estimated that Sunda
Published 21 Mar, 2012 12:00am
India reduces dope ban on Olympic hopefuls

India reduces dope ban on Olympic hopefuls

Indian women athletes undergoing a year-long ban for doping offences had their Olympic dream revived on Tuesday after an appeals panel reduced their penalty. Ashwini Akkunji, Sini Jose, Priyanka Panwar and Tiana Mary Thomas were handed the bans in Decembe
Published 21 Mar, 2012 12:00am
AFC Champions League: Reds avenge final loss, Tokyo held

AFC Champions League: Reds avenge final loss, Tokyo held

Adelaide United avenged their 2008 final loss to Gamba Osaka and FC Tokyo were held by a last-gasp equaliser on Tuesday in a frustrating night for Japanese clubs in the AFC Champions League. Adelaide's Reds made light of their poor A-League form with the
Published 21 Mar, 2012 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 81.74-81.80 (previous 81.76-81.80). Call Money Rates: 11.00-12.00 percent (previous 07.00-12.50 percent).
Published 21 Mar, 2012 12:00am
Australian dollar wilts

Australian dollar wilts

The Australian dollar came under pressure on Tuesday as worries about China, Australia's single biggest export market, flared up after global miner BHP Billiton said it saw signs that growth in iron ore demand there was slowing. Traders took that as an ex
Published 21 Mar, 2012 12:00am
Indian rupee down

Indian rupee down

The Indian rupee fell for a second consecutive session on Tuesday as outlook on foreign capital flows into local stocks and debt turned cloudy after hopes of interest rates cuts faded. Persistent dollar demand from oil importers, the biggest buyers of the
Published 21 Mar, 2012 12:00am
Most Asian currencies dip

Most Asian currencies dip

Most emerging Asian currencies slid on Tuesday as short-term investors cut positions on higher US Treasury yields and importers bought dollars on firm oil prices. The regional units started the day slightly higher, but tracked a softer Australian dollar w
Published 21 Mar, 2012 12:00am
Yuan ends flat

Yuan ends flat

The yuan ended little changed versus the dollar on Tuesday, as strong demand for the US currency from large companies offset a stronger midpoint set by the People's Bank of China in its daily fixing. China has signalled that it will gradually create great
Published 21 Mar, 2012 12:00am
Swiss franc lower

Swiss franc lower

The Swiss franc was set to tick down against both the euro and the dollar, with markets on Tuesday continuing the "risk on" phase of recent trading sessions. The franc was down 0.1 percent against the dollar to trade at 0.9117 by 0650 GMT compared to the
Published 21 Mar, 2012 12:00am
Euro climbs versus dollar

Euro climbs versus dollar

The euro climbed to a more than one-week high against the dollar on Monday after an orderly auction of Greek default insurance supported views that Greece's threat to the euro zone has diminished. The euro also gained against the yen, hitting its stronges
Published 21 Mar, 2012 12:00am
Early trade in New York: dollar rises

Early trade in New York: dollar rises

The dollar gained against the euro and yen in quiet trade on Tuesday, while the Australian dollar tumbled on central bank hints of more room to ease and fears about China's growth. The Aussie was also undermined by minutes from Australia's central bank, w
Published 21 Mar, 2012 12:00am
Dollar gains broadly

Dollar gains broadly

The dollar index climbed against a basket of currencies on Tuesday, helped by higher US Treasury yields, while growth-linked currencies came under pressure from concerns China's demand for raw materials could be slowing. Global miner BHP Billiton said it
Published 21 Mar, 2012 12:00am
Dollar hovers near one-week low in Asia

Dollar hovers near one-week low in Asia

The dollar hovered near a one-week low against a basket of currencies on Tuesday, but recent signs of improvement in the US economy and rising Treasury yields were likely to lend it some support. The dollar index was marginally higher at 79.533 by 0540 GM
Published 21 Mar, 2012 12:00am
Sterling dips

Sterling dips

Sterling slipped on Tuesday but kept close to its recent highs after UK inflation eased less than expected in February, lowering the chances of further monetary easing in coming months. The pound has been underpinned by a run of better data, pushing it to
Published 21 Mar, 2012 12:00am
FTSE 100 suffers sharpest fall in two weeks

FTSE 100 suffers sharpest fall in two weeks

Britain's top share index suffered its sharpest fall in two weeks on Tuesday, as concerns over materials demand in top consumer China hit commodities-linked sectors, marring a rally that had been part-driven by hopes for improving global growth. The bench
Published 21 Mar, 2012 12:00am
Australian shares drop

Australian shares drop

Australian shares fell 0.4 percent on Tuesday as weak commodity prices and bleak expectations for Chinese metal demand hit miners. The benchmark index again failed to breach a key resistance level around 4,300 points. Australian iron ore miners, key benef
Published 21 Mar, 2012 12:00am
Seoul stocks fall

Seoul stocks fall

Seoul shares fell 0.24 percent on Tuesday as investors cashed in recent gains while waiting for clues about what might give the market some new momentum. For a fifth day in a row, the Korea Composite Stock Price Index (KOSPI) reached higher than the close
Published 21 Mar, 2012 12:00am
European shares fall

European shares fall

Financials and commodity-linked stocks were among the top fallers as European shares retreated from eight-month highs on Tuesday, after waning growth in China and mixed US data cast a shadow over the earnings outlook for Europe's biggest companies. The pa
Published 21 Mar, 2012 12:00am
Indian stocks stay higher

Indian stocks stay higher

Indian shares posted their first winning session in four with lenders recovering as recent steep losses were overdone, but bigger gains were capped by auto stocks such as Tata Motors, which fell because of worries about lower sales. The National Stock Exc
Published 21 Mar, 2012 12:00am
US bond prices decline

US bond prices decline

US Treasuries prices fell on Monday, and yields hovered at their highest levels in more than four months, as investors further pared bond holdings on signs of an improving US economy and some stabilisation in Europe's debt troubles. The US government debt
Published 21 Mar, 2012 12:00am
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