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Archive - 2012-03-23
Morocco's inflation eases in February
Top News

Morocco's inflation eases in February

RABAT: Inflation in Morocco, as measured by consumer prices, was running at an annual 0.4 percent in February, less than
Published 23 Mar, 2012 08:08pm
Morocco's inflation eases in February
Top News

Morocco's inflation eases in February

RABAT: Inflation in Morocco, as measured by consumer prices, was running at an annual 0.4 percent in February, less than
Published 23 Mar, 2012 08:08pm
Obama taps Korean-American to head WB
Top News

Obama taps Korean-American to head WB

WASHINGTON: The United States on Friday named the president of a prestigious Ivy League college, Jim Yong Kim, to lead t
Published 23 Mar, 2012 01:00pm
Suicide attack kills 5 in Tirah Valley
Top News

Suicide attack kills 5 in Tirah Valley

KARACHI: A least 5 people have been killed in a suicide attack in the Tirah Valley of Khyber Agency, according to the me
Published 23 Mar, 2012 11:25am
French government bond futures
Top News

French government bond futures

LONDON: With European sovereign risk dominating global markets, French government bond futures are set to make a comebac
Published 23 Mar, 2012 11:06am
Police baton-charge Lyari residents
Top News

Police baton-charge Lyari residents

KARACHI: Police and residents entered into the fourth day of clashes in Lyari, the media reported on Friday. Clashes
Published 23 Mar, 2012 10:58am
Clashes in Syria's north
Middle East

Clashes in Syria's north

DAMASCUS: Rebels and troops clashed in northernSyriaas regime foes set their sights on the capital as the rallying cry
Published 23 Mar, 2012 10:15am
Japan shares down 0.98pc
Financial

Japan shares down 0.98pc

TOKYO: Tokyo shares fell 0.98 percent in the morning session Friday following losses on Wall Street as weak Chinese manu
Published 23 Mar, 2012 07:49am
Dollar mixed in Asia
Financial

Dollar mixed in Asia

TOKYO: The dollar was mixed in Asian trade on Friday as dealers await fresh US data to be released later in the day, aft
Published 23 Mar, 2012 07:42am
US Senate approves insider trading bill
Top News

US Senate approves insider trading bill

WASHINGTON: The US Senate has approved legislation to strengthen ethics rules by forbidding lawmakers from buying stocks
Published 23 Mar, 2012 07:19am
Oil prices higher in Asian trade
Energy

Oil prices higher in Asian trade

SINGAPORE : Oil prices rose in Asian trade on Friday on data showing an improvement in US employment numbers and lingeri
Published 23 Mar, 2012 06:46am
95 boys' schools in 85 districts have no playgrounds

95 boys' schools in 85 districts have no playgrounds

Ninety five boys' primary schools out of 161 monitored across 85 districts in January 2012 were found to be without playgrounds, says a Free and Fair Election Network (FAFEN) report released on Thursday. Similarly, 38 schools had no arrangements for clean
Published 23 Mar, 2012 12:00am
LCCI, IST ink MoU to initiate joint research project

LCCI, IST ink MoU to initiate joint research project

The Lahore Chamber of Commerce and Industry (LCCI) on Thursday singed Memorandum of Understanding (MoU) with Institute of Space & Technology (IST) enabling all the LCCI members to initiate joint research projects with IST to address Research and Developme
Published 23 Mar, 2012 12:00am
Two killed over petty issues

Two killed over petty issues

At least two persons including a female were killed in separate incidents at various parts of the metropolis here on Thursday. According to police, a 22-year-old woman namely Shabita, daughter of Muhammad Rafique, was stabbed to death by her father. They
Published 23 Mar, 2012 12:00am
Three street criminals arrested

Three street criminals arrested

Paposh police check post on Thursday claimed to have arrested three notorious street criminals and recovered weapons and a snatched bike from their possession after a brief encounter. According to Asim Siddiqui, in charge Paposh police check post, the pol
Published 23 Mar, 2012 12:00am
PTI protests hike in power tariff

PTI protests hike in power tariff

Thousands of activists of Pakistan Tehreek-e-Insaf and member of civil society on Thursday observed the countrywide protests against the increase in power tariff, PTI president Makhdoom Javed Hashmi said. People had given positive response to the call of
Published 23 Mar, 2012 12:00am
Collecting CNIC copy from buyers: KCCI calls for withdrawal of condition

Collecting CNIC copy from buyers: KCCI calls for withdrawal of condition

Acting President, Karachi Chamber of Commerce and Industry (KCCI), Younus M Barhir, has said the condition to collect CNIC copy of buyers imposed by Federal Board of Revenue (FBR) is not acceptable to business community and it should be withdrawn immediat
Published 23 Mar, 2012 12:00am
President Pak-German Council meets Shahbaz

President Pak-German Council meets Shahbaz

President Pak-German Council Shahid Riaz Gondal met Punjab Chief Minister Muhammad Shahbaz Sharif on Thursday. The Chief Minister said that Pakistanis living in Germany were rendering invaluable services to the nation and he fully appreciated their effort
Published 23 Mar, 2012 12:00am
MALC to hold walk on Tuberculosis Day

MALC to hold walk on Tuberculosis Day

To commemorate the World TB Day, which is being organised all over the world on March 24 with the slogan "Stop TB in My Lifetime", Marie Adelaide Leprosy Centre (MALC) will organising a TB walk at its Landhi centre. The aim of the walk is to raise public
Published 23 Mar, 2012 12:00am
16 percent suffering from night blindness

16 percent suffering from night blindness

Night blindness in Pakistan is turning out to be real misfortune to masses as about 16 percent of the people of the country particularly children of the age of 15 years suffer to this problem. This was said by participants in a road safety seminar on the
Published 23 Mar, 2012 12:00am
Fehmida to inaugurate 'Fourth Hari Melo' on March 25

Fehmida to inaugurate 'Fourth Hari Melo' on March 25

Speaker, National Assembly Dr Fehmida Mirza will inaugurate the "Fourth Hari Melo" on March 25 at Laar Museum Ground, Badin. The Mela, which is being organised by the State Bank of Pakistan Banking Services Corporation (SBP BSC), Hyderabad in collaboratio
Published 23 Mar, 2012 12:00am
Two warehouses gutted in fire

Two warehouses gutted in fire

The fire broke out in two warehouses of second-hand apparels and burnt the commodity worth millions into ashes in the limits of Pirabad police station on Thursday. According to the officials of the Fire Department, two fire tenders were dispatched on the
Published 23 Mar, 2012 12:00am
ABAD urges government to withdraw ST on services

ABAD urges government to withdraw ST on services

Association of Builders and Developers of Pakistan (ABAD) has strongly urged the Sindh government to withdraw sales tax on services from builders and developers in upcoming budget. These views were expressed by the officer-bearers of ABAD in a pre-budget
Published 23 Mar, 2012 12:00am
Annan's proposal on Syria

Annan's proposal on Syria

Hopefully, the opposition being put up by Russia and China against outside dictation on the Syrian situation is relenting. Both the countries have helped adopt unanimously a UN Security Council statement along the lines indicated by the joint UN-Arab Leag
Published 23 Mar, 2012 12:00am
Pakistan Day

Pakistan Day

The nation celebrates Pakistan Day today, marking the passage of the historic Lahore Resolution in 1940 that laid the ideological foundation for the creation of a separate homeland for the Muslims of the Indian Subcontinent seven years later. The new stat
Published 23 Mar, 2012 12:00am
Coming out of fiscal mess

Coming out of fiscal mess

The only conclusion that one can draw after listening to the President's speech in the joint session of the Parliament on March 17, 2012 - this was the first time in the history of the country that an elected President addressed the same parliament for th
Published 23 Mar, 2012 12:00am
Little aid to ease Syrian refugees' woes in Lebanon

Little aid to ease Syrian refugees' woes in Lebanon

Driven away by the violence in central Syria, Abu Alaa and his family have fled their hometown of Homs, in search of a better future in Lebanon. But Abu Alaa ('father of Alaa') is disappointed and apprehensive. "Life here is not better. I am working all d
Published 23 Mar, 2012 12:00am
Not all speech is free in post-Arab Spring Jordan

Not all speech is free in post-Arab Spring Jordan

After taking part in hundreds of protests and chanting thousands of slogans, a few choice words transported pro-democracy activist Saed Ouran from the streets of southern Jordan to an Amman prison cell. "They say I insulted the king," Ouran told dpa from
Published 23 Mar, 2012 12:00am
Impose ban on plastic jewellery

Impose ban on plastic jewellery

It is a matter of great concern that the frequent coming of plastic jewellery and metal jewellery into the Pakistani market in the category of artificial jewellery is causing great financial loss to local industries of artificial jewellery. The main reaso
Published 23 Mar, 2012 12:00am
MPA Arbab disqualified

MPA Arbab disqualified

Sindh Assembly on Thursday disqualified former chief minister Dr Arbab Rahim as an MPA for not attending 40 consecutive sittings of the provincial assembly amid protest by legislators of Pakistan Muslim League Like-minded (PML-L), who walked out of the ho
Published 23 Mar, 2012 12:00am
Sindh Assembly completes fourth parliamentary year

Sindh Assembly completes fourth parliamentary year

The Sindh Assembly on Thursday completed its fourth parliamentary year with holding 105 sittings, as Speaker Nisar Khuhro prorogued it for indefinite period. According to the 18th Constitutional Amendment, assemblies have to hold at least 100 sittings to
Published 23 Mar, 2012 12:00am
Khyber Pakhtunkhwa evolves strategy to reinstate sacked employees

Khyber Pakhtunkhwa evolves strategy to reinstate sacked employees

The cabinet committee constituted by the provincial cabinet for the reinstatement of the employees sacked during the government of former prime minister Nawaz Sharif in 1996-97 shown consensus on their restoration and reviewed recommendations presented in
Published 23 Mar, 2012 12:00am
Man shot dead

Man shot dead

Unidentified assailants shot dead a person at Hasan Gahri and escaped from the scene. Police said on Thursday that Rahat Ali Shah was on his way to home when unidentified assailants opened indiscriminate firing at him near Shaheed Baba graveyard. As a res
Published 23 Mar, 2012 12:00am
'EU sent 13 civilian, military missions to different countries'

'EU sent 13 civilian, military missions to different countries'

European Union (EU) under its Common Security and Defence Policy (CSDP) had sent 13 civilian and military missions in different countries but the civilian missions outnumbered the military ones. This was stated by Pierre Mayaudon, EU's Deputy Head of Dele
Published 23 Mar, 2012 12:00am
STDC seeks increase in its annual budget

STDC seeks increase in its annual budget

Sindh Tourism Development Corporation (STDC) has asked the finance department to enhance its annual budget from Rs 11 million to Rs 20 million, it is learnt on Thursday. Sources inside the finance department told this scribe that on the recommendation of
Published 23 Mar, 2012 12:00am
SECP to promote local capital markets

SECP to promote local capital markets

Securities and Exchange Commission of Pakistan (SECP) and leading fund managers, from commercial banks and mutual funds, agreed on a number of reforms and measures to promote local capital markets during an interactive session chaired by SECP Commissioner
Published 23 Mar, 2012 12:00am
PML-L to move Supreme Court: Rahimoon

PML-L to move Supreme Court: Rahimoon

A Pakistan Muslim League-Like-minded (PML-L) lawmaker, Abdul Razzaq Rahimoon, on Thursday said that his party would move to Supreme Court against the disqualification of former Chief Minister Sindh, Dr Arbab Rahim, as the Sindh High Court, Hyderabad bench
Published 23 Mar, 2012 12:00am
PPP MPA inducted into Khyber Pakhtunkhwa cabinet

PPP MPA inducted into Khyber Pakhtunkhwa cabinet

Samiullah Khan Alizai, a PPP MPA from D I Khan, took oath as Khyber Pakthunkhwa minister during an impressive ceremony at Governor House, here on Thursday. The Khyber Pakthunkhwa Governor Barrister Masood Kausar administered oath to the new Minister whose
Published 23 Mar, 2012 12:00am
Minister's car turns turtle

Minister's car turns turtle

The car of Federal Minister for Law and Justice Maula Bakhsh Chandio turned turtle after hitting a footpath in the wee hours of Thursday in the limits of Kohsar Police Station. Police source said that the car bearing official number plate (JT-013) was bei
Published 23 Mar, 2012 12:00am
943 women killed in the name of honour during 2011: HRCP

943 women killed in the name of honour during 2011: HRCP

At least 943 women were killed in the name of honour during 2011 in Pakistan, of which 93 were minors, according to a report released here on Thursday by the Human Rights Commission of Pakistan (HRCP). The report titled "State of Human Rights in 2011" sev
Published 23 Mar, 2012 12:00am
PSO - Fuelling success

PSO - Fuelling success

For the past 35 years, Pakistan State Oil has been driving the wheels of the national economy, all the way from product supplies to meeting the needs of critical sectors of the economy such as power companies, agriculture, railways, aviation, marine secto
Published 23 Mar, 2012 12:00am
MCB introduces chip-based EMV-certified Visa Debit Card

MCB introduces chip-based EMV-certified Visa Debit Card

Muslim Commercial Bank (MCB), pioneer of electronic banking services in Pakistan, has introduced Pakistan's first chip-based EMV-certified Visa Debit Card. Initial response by customers has been very encouraging and complimented by ATM transactions of ove
Published 23 Mar, 2012 12:00am
ICAP to organise CFO conferences

ICAP to organise CFO conferences

The Institute of Chartered Accountants of Pakistan (ICAP) is organising two CFO Conferences in Karachi and Islamabad on March 28 and April 2, 2011 respectively, with the theme "CFOs - Driving Sustainable Organisational Success". Around 1000 professionals
Published 23 Mar, 2012 12:00am
AKU seminar on World Epilepsy Day on March 26

AKU seminar on World Epilepsy Day on March 26

Aga Khan University is holding a seminar to mark World Epilepsy Day on March 26. In Pakistan approximately 1,800,000 people from all age groups suffer from epilepsy. It is a common neurological disorder that causes the brain to produce sudden bursts of el
Published 23 Mar, 2012 12:00am
President confers military awards

President confers military awards

The President has granted military awards to the officers and men of Pakistan Armed Forces. According to an ISPR press release on Thursday, Major Mujahid Ali (Shaheed), Azad Kashmir Regiment has been granted Sitara-i-Jurat.
Published 23 Mar, 2012 12:00am
Pakistan Day to be celebrated in befitting manner

Pakistan Day to be celebrated in befitting manner

The Sindh Culture Department has planned to celebrate 23rd March as Pakistan Day with zeal, enthusiasm and befitting manner. The Provincial Secretary Culture Department Abdul Aziz Uqaili has informed that a delegation comprising more than 30 artists, arti
Published 23 Mar, 2012 12:00am
Firing on buses: SU lodges FIR

Firing on buses: SU lodges FIR

The Transport Officer University of Sindh has lodged an FIR at Jamshoro Police Station on Wednesday evening against two unidentified motorcyclists on account of firing on University's 3 point buses. The incident of firing had taken place on Wednesday morn
Published 23 Mar, 2012 12:00am
MQM thanks traders' community

MQM thanks traders' community

Muttahida Qaumi Movement, MNA, Tayyab Hussain has thanked to trader community, on behalf of party Chief Altaf Hussain and Zonal Committee, to attend the public meeting and celebrate the foundation day of MQM. He was addressing to traders and industrialist
Published 23 Mar, 2012 12:00am
Hamdard University Convocation on March 24

Hamdard University Convocation on March 24

The 16th Convocation of Hamdard University (HU) will be held on Saturday (March 24) at 2.00 pm at Madinat al-Hikmah Karachi. Dr Ishratul Ebad, Governor of Sindh is expected to attend the convocation as a chief guest.
Published 23 Mar, 2012 12:00am
EU ministers draw 500 billion euro road, rail map

EU ministers draw 500 billion euro road, rail map

European transport ministers on Thursday drew up a map of rapid road and rail links across the continent, from Sweden to Italy and Portugal to Paris, that would cost 500 billion euro ($660 billion) by 2020 if fully implemented.
Published 23 Mar, 2012 12:00am
Russian left seeks unity after anti-Putin protests

Russian left seeks unity after anti-Putin protests

A group of leftist leaders announced the creation of a social democratic movement in Russia on Thursday to try to turn three months of street protests into a lasting political challenge to Vladimir Putin. Far-left leader Sergei Udaltsov and two centre-lef
Published 23 Mar, 2012 12:00am
Clashes across Syria despite UN cease-fire call

Clashes across Syria despite UN cease-fire call

More than a dozen people died in clashes across Syria on Thursday, opposition activists said, as a UN Security Council call for an immediate end to the fighting fell on deaf ears. In the worst incident, 10 civilians, including three children and two women
Published 23 Mar, 2012 12:00am
Assad's wife faces EU travel ban

Assad's wife faces EU travel ban

President Bashar al-Assad's wife Asma, a Western-educated former banker and style icon, faces an EU travel ban and asset freeze along with other members of Assad's family, diplomats said Thursday. Asma al-Assad is on a list of 12 Syrians, including a hand
Published 23 Mar, 2012 12:00am
UN adopts contested resolution on Sri Lanka war crimes probe

UN adopts contested resolution on Sri Lanka war crimes probe

The UN Human Rights Council Thursday passed a resolution urging Sri Lanka to conduct a credible investigation into alleged war crimes during its battle against Tamil Tiger separatists in 2009. Sri Lanka bristled as its ally India turned its back on Colomb
Published 23 Mar, 2012 12:00am
Thousands of Quebec students protest tuition hike

Thousands of Quebec students protest tuition hike

Tens of thousands of students protested on Thursday against a 75-percent tuition hike at universities in Canada's mostly French-speaking Quebec province, bringing downtown Montreal to a standstill. "Yell louder so that nobody ignores us," shouted demonstr
Published 23 Mar, 2012 12:00am
Bissau general seeks refuge at EU compound

Bissau general seeks refuge at EU compound

Guinea Bissau General Jose Zamora Induta, who was head of the West African state's armed forces until he was ousted in a 2010 mutiny, is seeking refuge at the European Union compound in the capital, an EU official said on Thursday.
Published 23 Mar, 2012 12:00am
Gunman dies in hail of bullets as French siege ends

Gunman dies in hail of bullets as French siege ends

A 23-year-old gunman who said al Qaeda inspired him to kill seven people in France died in a hail of bullets on Thursday as he scrambled out of a ground-floor window during a gunbattle with elite police commandos.
Published 23 Mar, 2012 12:00am
Netanyahu says UN rights council 'hypocritical'

Netanyahu says UN rights council 'hypocritical'

Israeli Prime Minister Benjamin Netanyahu on Thursday slammed as "hypocritical" a UN Human Rights Council resolution, which ordered a first probe into Israeli settlements. "This council has an automatic majority hostile to Israel and is hypocritical," Net
Published 23 Mar, 2012 12:00am
Afghanistan working to stop divisive Nato night raids: Karzai

Afghanistan working to stop divisive Nato night raids: Karzai

Afghan President Hamid Karzai said on Thursday his government was pressing to end divisive Nato night raids in negotiations with the United States on a long-term strategic pact, saying some past operations had violated Afghan sovereignty.
Published 23 Mar, 2012 12:00am
Australia captures most wanted man

Australia captures most wanted man

Australia's most wanted man was captured holed-up in a lonely mountain cabin on Thursday after seven years on the run during which time he lived in rugged wilderness often like an animal. Malcolm Naden, an Aboriginal bush survival expert and murder suspec
Published 23 Mar, 2012 12:00am
Pakistan take Asia Cup after a thrilling win

Pakistan take Asia Cup after a thrilling win

Pakistan claimed the Asia Cup with a thrilling two-run victory over a dogged Bangladesh on Thursday, breaking the hearts of home supporters who saw their unfancied side take the game to the wire. The visitors - tournament winners in 2000 - held Bangladesh
Published 23 Mar, 2012 12:00am
UEFA and clubs finalise improved financial deals

UEFA and clubs finalise improved financial deals

UEFA president Michel Platini and Karl-Heinz Rummenigge, head of the European Clubs Association (ECA), celebrated on Thursday as they finalised improved cash injections for teams and other financial benefits. Europe's leading clubs are to receive an incre
Published 23 Mar, 2012 12:00am
New Zealand must take chances in third Test: Taylor

New Zealand must take chances in third Test: Taylor

New Zealand's nine-wicket loss to South Africa in the second Test was a closer match than the result suggests and the hosts' captain Ross Taylor believes his team are not far away from being competitive in the third Test in Wellington. South Africa took a
Published 23 Mar, 2012 12:00am
Venus, Clijsters make triumphant returns

Venus, Clijsters make triumphant returns

Former world number ones Venus Williams and Kim Clijsters made triumphant returns to the WTA after long layoffs with victories on Wednesday at the WTA and ATP Miami hardcourt tournament. Seven-time Grand Slam champion Williams, who has not played a WTA ev
Published 23 Mar, 2012 12:00am
Nine-man Real Madrid see lead cut to six points

Nine-man Real Madrid see lead cut to six points

Nine-man Real Madrid saw their lead in La Liga cut to six points on Wednesday after they were held to a 1-1 draw by Villarreal. Cristiano Ronaldo scored his 33rd goal of the season in the 62nd minute, but Marcos Senna equalised with eight minutes remainin
Published 23 Mar, 2012 12:00am
UEFA is not a 'gang', says Platini

UEFA is not a 'gang', says Platini

UEFA head Michel Platini on Thursday hit back at criticism by English Premier League chief Dave Richards, saying European football's governing body was "not a gang". Richards last week launched a blistering attack on both UEFA and FIFA, accusing them of "
Published 23 Mar, 2012 12:00am
Emirate plans Real Madrid theme park

Emirate plans Real Madrid theme park

Real Madrid football club will spread its brand to the Middle East and Asia by lending its name to a $1 billion theme park on a man-made island in the United Arab Emirates, it said on Thursday. Executives unveiled plans for the "Real Madrid Resort Island"
Published 23 Mar, 2012 12:00am
England win Sri Lanka tour match

England win Sri Lanka tour match

England displayed their batting prowess ahead of next week's Test series in Sri Lanka by winning the final practice match with an astonishing run chase on Thursday. The tourists surpassed a stiff target of 359 from 64 overs with four wickets and 20 balls
Published 23 Mar, 2012 12:00am
Afghanistan qualify for World Twenty20

Afghanistan qualify for World Twenty20

Afghanistan reached the 2012 World Twenty20 on Thursday with a 47-run win over Namibia, a second successive appearance at the showpiece coming just four years after they were playing division five cricket. In a battle of two undefeated teams, Afghanistan
Published 23 Mar, 2012 12:00am
Napoli into Italian Cup final

Napoli into Italian Cup final

Napoli defeated Siena 2-0 on Wednesday to reach the Italian Cup final on a 3-2 aggregate and will face Juventus in the May 20 final where they will look to end their 22-year wait for silverware. Fired-up by their Champions League exit to Chelsea, Napoli w
Published 23 Mar, 2012 12:00am
Tevez return lifts City in title chase

Tevez return lifts City in title chase

Manchester City travel to Stoke City on Saturday with new belief and a possible trump card up their sleeve after a vital victory over Chelsea prevented Manchester United taking a stranglehold of top spot. From staring a four-point deficit in the face, lon
Published 23 Mar, 2012 12:00am
Bayern to face Dortmund in German Cup final

Bayern to face Dortmund in German Cup final

Bayern Munich set up a mouth-watering German Cup final with Bundesliga champions Borussia Dortmund after beating Borussia Moenchengladbach on penalties on Wednesday to keep their treble chances on track. Following a goalless 120 minutes, Bayern keeper Man
Published 23 Mar, 2012 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 81.78-81.80 (previous 81.78-81.80). Call Money Rates: 11.00-12.00 percent (previous 07.00-12.50 percent.
Published 23 Mar, 2012 12:00am
Sterling declines

Sterling declines

Sterling fell against the dollar on Thursday, staying under pressure after weak UK retail sales data added to concerns over a lack of growth in the economy, fuelling speculation of more Bank of England asset purchases. Retail sales suffered their biggest
Published 23 Mar, 2012 12:00am
Most Asian currencies down

Most Asian currencies down

Most emerging Asian currencies slid on Thursday after weak factory activity in China but largely recovered as investors bought them on views that a hard landing for the world's No 2 economy was unlikely. China's industrial activity shrank in March for the
Published 23 Mar, 2012 12:00am
Indian rupee off two-month low

Indian rupee off two-month low

The Indian rupee dropped to its weakest in more than two months on Thursday after weak Chinese and euro zone manufacturing data hit demand for risk, but suspected dollar sales by the central bank pulled the currency back from the day's lows. Fears foreign
Published 23 Mar, 2012 12:00am
Swiss franc up

Swiss franc up

The Swiss franc ticked up against the dollar on Thursday after data showed exports from Switzerland rose strongly in February, adding to signs the economy is holding up well despite the strong currency, making any move to weaken the franc unlikely.
Published 23 Mar, 2012 12:00am
Euro slips in New York

Euro slips in New York

The euro dropped from a two-week high against the dollar and a nearly five-month peak versus the yen on Wednesday, hurt by widening interest rate differentials between safe-haven German debt and peripheral bonds, suggesting renewed euro zone worries.
Published 23 Mar, 2012 12:00am
Early trade in New York: euro hit by recession worries

Early trade in New York: euro hit by recession worries

The euro slumped on Thursday after a fall in manufacturing in the euro zone's two largest economies and China revived global growth fears and sent the Australian dollar tumbling. The reports diverged with US data showing unemployment benefits dropped to a
Published 23 Mar, 2012 12:00am
Euro nurses losses; Aussie drops in London

Euro nurses losses; Aussie drops in London

The euro nursed losses on Thursday and was vulnerable to a further drop after weak eurozone data revived worries about a recession in the region while disappointing data from China dented the higher-yielding Australian dollar. Purchasing managers' surveys
Published 23 Mar, 2012 12:00am
Australian dollar slips in Asia

Australian dollar slips in Asia

The Australian dollar dropped to a two-month low on Thursday after data showed China's manufacturing activity shrank in March for a fifth straight month, underscoring concerns about growth slowing in the world's second largest economy.
Published 23 Mar, 2012 12:00am
Yuan ends up

Yuan ends up

The yuan jumped 0.3 percent on Thursday, its biggest one-day rise this year, with dealers citing massive dollar selling by major Chinese banks, suggesting they might have been directed by the People's Bank of China to guide the yuan higher. Dealers said s
Published 23 Mar, 2012 12:00am
China scare sets FTSE on course for worst week of 2012

China scare sets FTSE on course for worst week of 2012

Britain top share index fell on Thursday, heading for its biggest weekly loss so far this year as signs of slower growth in China, the world's second-largest economy, weighed on cyclical stocks. Heavyweight mining shares fell 3.2 percent after data showed
Published 23 Mar, 2012 12:00am
European shares end lower

European shares end lower

European shares notched up their longest losing streak in four months on Thursday, piercing a support level which led chartists to say there were further losses to come, while mining stocks led the fallers after weak data from China and the euro zone.
Published 23 Mar, 2012 12:00am
South Korea's KOSPI flat

South Korea's KOSPI flat

Seoul shares finished flat on Thursday after a rangebound trading session, with data showing that China's manufacturing activity declined for a fifth straight month weighing on counters with heavy exposure to Chinese demand. The Korea Composite Stock Pric
Published 23 Mar, 2012 12:00am
Hong Kong shares snap four-day losing streak, Shanghai weaker

Hong Kong shares snap four-day losing streak, Shanghai weaker

Hong Kong shares snapped a four-day losing streak on Thursday, as strength in consumer stocks outweighed downward pressure from aggravated fears of a slowdown in China. Initial gains in Chinese financial stocks were cut and losses in resource stocks accel
Published 23 Mar, 2012 12:00am
Indian stocks tumble

Indian stocks tumble

Indian stocks dropped more than 2 percent in their biggest daily fall since late February, while the rupee also slipped, after a spike in global risk aversion triggered fears of foreign selling at a time of waning confidence in a struggling government. Se
Published 23 Mar, 2012 12:00am
Southeast Asian stocks reverse early gains

Southeast Asian stocks reverse early gains

Southeast Asian stocks gave up most of their early gains on Thursday, with Singapore and Thailand falling into red, after data showed China's factory activity shrank for a fifth straight month. The weak PMI survey added to recent concerns about a slowdown
Published 23 Mar, 2012 12:00am
Treasuries rally

Treasuries rally

Treasury prices rallied on Wednesday as heavy buying by the Federal Reserve and a lack of new Treasury supply contributed to demand for the newly cheapened US debt. Prices also got a boost from weaker-than-expected housing data, while investors took advan
Published 23 Mar, 2012 12:00am
Treasuries rally

Treasuries rally

Treasury prices rallied on Wednesday as heavy buying by the Federal Reserve and a lack of new Treasury supply contributed to demand for the newly cheapened US debt. Prices also got a boost from weaker-than-expected housing data, while investors took advan
Published 23 Mar, 2012 12:00am
Taiwan stocks climb

Taiwan stocks climb

Taiwan stocks rose 0.98 percent to a one-week closing high on Thursday, with banks in focus ahead of the central bank's rate-decision meeting later in the day. The main TAIEX index ended 78.00 points higher at 8,059.94, lifted by financials and electronic
Published 23 Mar, 2012 12:00am
US stocks slip

US stocks slip

US stocks mostly fell on Wednesday, weighed by the energy services sector, but gains in technology shares buoyed the Nasdaq and helped keep the S&P 500 near four-year highs. The benchmark S&P 500 index, up 11.6 percent so far this quarter, found buyers at
Published 23 Mar, 2012 12:00am
Thursday's midday trade: Dow, S&P drop for third day

Thursday's midday trade: Dow, S&P drop for third day

The Dow and the S&P 500 fell for a third straight day on Thursday on concerns about the global economy's growth outlook after manufacturing data showed a drop in new orders in both the euro zone and China. The market has shown resilience recently, able to
Published 23 Mar, 2012 12:00am
Nikkei rises

Nikkei rises

The Nikkei share average advanced on Thursday, shrugging off data showing China's manufacturing activity shrank for a fifth straight month in March, with market participants seeing Japanese equities as a buy. "People are just more upbeat on Japanese equit
Published 23 Mar, 2012 12:00am
UAE markets end mixed; Qatar, Oman up

UAE markets end mixed; Qatar, Oman up

UAE markets end mixed as retail investors dominated trade on Thursday, while Qatar's benchmark closes higher for a first day in three. Dubai's index climbed 0.3 percent, taking its 2012 gains to 23 percent. The benchmark traded within a 50-point range thi
Published 23 Mar, 2012 12:00am
China's factories falter, eurozone business wilts

China's factories falter, eurozone business wilts

Chinese manufacturing activity shrank for a fifth straight month in March and the euro zone economy is showing new signs of wilting, according to surveys on Thursday that pointed to weakening global demand. Only the United States is showing signs of vigou
Published 23 Mar, 2012 12:00am
Iraq, Samsung Engineering ink $1 billion oil deal

Iraq, Samsung Engineering ink $1 billion oil deal

Iraq signed a $1 billion oilfield service contract with South Korea's Samsung Engineering on Thursday for its West Qurna Phase Two oilfield. The deal is part of an initial development plan approved by Iraq's oil ministry in 2010 to start production of the
Published 23 Mar, 2012 12:00am
Russia should own below 50 percent of state banks: Medvedev

Russia should own below 50 percent of state banks: Medvedev

Russia should cut its ownership of state banks to below 50 percent, President Dmitry Medvedev said on Thursday, in what would be the boldest move yet in the government's multi-billion dollar privatisation plan. In a statement on the Kremlin's website, Med
Published 23 Mar, 2012 12:00am
Banks will get guidance on Volcker rule: Fed

Banks will get guidance on Volcker rule: Fed

A Federal Reserve official sought on Thursday to reassure banks that they would get clarity on how to comply with the Volcker rule's ban on proprietary trading, even if a final rule governing the crackdown were not completed by a July deadline. "There is
Published 23 Mar, 2012 12:00am
Slump in UK retail sales revives recovery worries

Slump in UK retail sales revives recovery worries

British retail sales suffered their biggest monthly fall in nine months in February and were revised sharply downwards for January, official data showed on Thursday, dampening hopes that a consumer revival this year will boost the economy. Sales data is w
Published 23 Mar, 2012 12:00am
India joins China in boycott of EU carbon scheme

India joins China in boycott of EU carbon scheme

India formally joined China in asking its airlines to boycott the European Union's carbon scheme, confirming what a senior Indian government source previously told Reuters and stoking a diplomatic row over the issue. "Though the European Union (EU) has di
Published 23 Mar, 2012 12:00am
EU carbon drops 6.9 percent on weaker energy, aviation fears

EU carbon drops 6.9 percent on weaker energy, aviation fears

European carbon prices fell 6.9 percent Thursday on the back of losses in energy markets while traders were also spooked by fears of weakening demand for permits after India asked its airlines to boycott the EU Emission Trading Scheme. The ICE ECX Decembe
Published 23 Mar, 2012 12:00am
US jobless claims at four-year low, lift recovery hopes

US jobless claims at four-year low, lift recovery hopes

The number of Americans claiming new unemployment benefits dropped to a four-year low last week, bolstering hopes a recent pick-up in job growth will prove lasting. Initial claims for state jobless benefits fell 5,000 to a seasonally adjusted 348,000, the
Published 23 Mar, 2012 12:00am
Japan posts trade surplus

Japan posts trade surplus

Japan's first trade surplus in five months and a revival of confidence among manufacturers has added to evidence the economy was growing again as the yen weakens and external demand picks up, reducing the need for further monetary policy easing. Exports t
Published 23 Mar, 2012 12:00am
EU watchdog tells ratings agencies to make changes

EU watchdog tells ratings agencies to make changes

The European Union's markets watchdog said its examination of the "Big Three" ratings agencies found several shortcomings including a lack of adequate transparency and set out areas for improvement. "The European Securities and Markets Authority has not d
Published 23 Mar, 2012 12:00am
European ratings agency being set up

European ratings agency being set up

A European credit ratings agency will be set up by private sector parties, the Dutch Finance Minister said on Thursday, a move that could create a rival to the likes of Moody's, Standard & Poor's and Fitch. Politicians in Europe have criticised the major
Published 23 Mar, 2012 12:00am
UK's five riskiest retail spots revealed

UK's five riskiest retail spots revealed

Property investors should be wary of buying shops in Bradford, Derby and Southampton, according to a survey of UK locations likely to be hit hardest by further retailer failures. They were joined by Wolverhampton and Hull in a study by BNP Paribas Real Es
Published 23 Mar, 2012 12:00am
Portuguese strike against austerity snarls transport

Portuguese strike against austerity snarls transport

Portuguese strikers halted trains, shut ports and paralysed most public transport on Thursday in protest at austerity measures that is nevertheless unlikely to temper the government's resolve in implementing the terms of an EU/IMF bailout.
Published 23 Mar, 2012 12:00am
Cotton business slow in a steady market

Cotton business slow in a steady market

Though cotton prices are generally holding on to the previous levels, business is slow in a steady market. A crucial cricket match being played between Pakistan and Bangladesh today (Thursday) and a public holiday declared on Friday March 2 3, 2012 as Pak
Published 23 Mar, 2012 12:00am
Cotton business slow in a steady market

Cotton business slow in a steady market

Though cotton prices are generally holding on to the previous levels, business is slow in a steady market. A crucial cricket match being played between Pakistan and Bangladesh today (Thursday) and a public holiday declared on Friday March 2 3, 2012 as Pak
Published 23 Mar, 2012 12:00am
Prices move up in slow business on grain market

Prices move up in slow business on grain market

Upward trend was seen on the wholesale grain market on Thursday ahead of Pakistan Day holiday on 23 March,2012 dealers said. On the rice sector Irri-6 Sindh low type gained Rs 25 to Rs 3525 and good type was higher by Rs 50 to Rs 3600, other items maintai
Published 23 Mar, 2012 12:00am
Prices firm on active buying by mills on cotton market

Prices firm on active buying by mills on cotton market

Slight improvement was seen on the cotton market on Thursday as mills showed interest in fresh buying, dealers said. The Karachi Cotton Association (KCA), official spot rate was inert at Rs 5300, they said. Prices of seedcotton in Sindh improvemed after g
Published 23 Mar, 2012 12:00am
Oil cake market rates

Oil cake market rates

The March vaida was inert and the May contract was slightly up on the forward cottonseed oilcake market on Thursday in process of trading, dealers said. The March vaida that had closed at 768.00 and opened with no change at the same rate. The May vaida wh
Published 23 Mar, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 93,499 tonnes of cargo including 50,571 tonnes of import, 42,928 tonnes of export cargo and 1,981 loaded and empty containers (TEUs) during the last 24 hours of business activities ended at 0700 hours on Thursday. The total import
Published 23 Mar, 2012 12:00am
Trading mixed on Jodia Bazaar

Trading mixed on Jodia Bazaar

The trading in raw rubber Ceylon ended mixed on Jodia Bazaar here on Thursday. The following variations were noted.
Published 23 Mar, 2012 12:00am
US Midwest corn bids firm at river

US Midwest corn bids firm at river

Corn spot basis bids were firm at river terminals around the US Midwest on Wednesday, supported by a 4.5 percent decline so far this week in corn futures that brought farmer sales of the grain to a halt, dealers said. The corn basis in the CIF barge marke
Published 23 Mar, 2012 12:00am
CBOT corn futures close lower

CBOT corn futures close lower

Chicago Board of Trade corn futures closed lower Wednesday on technical selling and long liquidation as investors banked profits ahead of the release next week of USDA's March planting intentions report. US corn futures reversed course from four-month hig
Published 23 Mar, 2012 12:00am
Canadian canola futures slip

Canadian canola futures slip

Canadian canola futures eased on Wednesday to the lowest price in over a week on technical selling and commercial hedges. Farmer selling seen picking up after recent six-month highs, drawing commercial hedges. Commodity funds trimmed their net long positi
Published 23 Mar, 2012 12:00am
US wheat futures end lower

US wheat futures end lower

US wheat futures fell on Wednesday, closing near their daily lows on technical selling and forecasts for good crop weather around key growing areas of the United States, traders said. The benchmark Chicago Board of Trade May soft red winter wheat contract
Published 23 Mar, 2012 12:00am
The Lahore Resolution in perspective

The Lahore Resolution in perspective

What did the Lahore Resolution (1940) stand for? What did it signify in essence? What did it imply in a broad sense? Since the middle 1960s, several interpretations have been foisted on it, and it is time that they were examined in perspective and in the
Published 23 Mar, 2012 12:00am
Its genesis and significance

Its genesis and significance

The Lahore Resolution, passed by the All India Muslim League (Muslim League) in its session held at Lahore on March 22-24, 1940, is one of the key documents of the struggle for protecting and promoting Muslim identity, rights and interests in British Indi
Published 23 Mar, 2012 12:00am
23rd March resolution revisited

23rd March resolution revisited

Since our independence, the political narrative in Pakistan confirms and reiterates every year that the Lahore Resolution distilled the demand for a separate homeland for the Muslims of British India. This, indeed has become the political belief of the ma
Published 23 Mar, 2012 12:00am
Amjadi Bano Begum: Woman behind Pakistan Resolution

Amjadi Bano Begum: Woman behind Pakistan Resolution

The history of Indo-Pak sub-continent witnessed courageous women whose strength and will power made them role model for the Muslim women of 20th century. Without mentioning their contributions, portrayal of freedom movement is incomplete. Their active par
Published 23 Mar, 2012 12:00am
23 March and dream of social welfare state

23 March and dream of social welfare state

March23 is remembered as Pakistan Day and rightly marked as a day of rejoicing because it was the same day when the basis of our beloved homeland were laid down with a clarity of vision and a vivid line of action to achieve it. It was the day when the Pak
Published 23 Mar, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 23 Mar, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 23 Mar, 2012 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

The Exchange Rates Committee of State Bank of Pakistan issued the following exchange rates bulletin here on Thursday (March 22, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover fo
Published 23 Mar, 2012 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 23 Mar, 2012 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (March 22, 2012).

Published 23 Mar, 2012 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (March 22, 2012).

Published 23 Mar, 2012 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (March 22, 2012).

Published 23 Mar, 2012 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (March 22, 2012).

Published 23 Mar, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (March 22, 2012).
Published 23 Mar, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (March 22, 2012).

Published 23 Mar, 2012 12:00am
Pakistan Day today

Pakistan Day today

The nation is celebrating Pakistan Day on Friday (today) with a renewed pledge to make the country a strong, progressive and prosperous Islamic welfare state. The day is observed every year in commemoration of Lahore Resolution passed in 1940, which led t
Published 23 Mar, 2012 12:00am
Pakistan Day today

Pakistan Day today

The nation is celebrating Pakistan Day on Friday (today) with a renewed pledge to make the country a strong, progressive and prosperous Islamic welfare state. The day is observed every year in commemoration of Lahore Resolution passed in 1940, which led t
Published 23 Mar, 2012 12:00am
Aitzaz seeks transfer of case to another bench

Aitzaz seeks transfer of case to another bench

Resuming his arguments before the Supreme Court in the contempt Prime Minister Syed Yousuf Raza Gilani's lawyer Barrister Aitzaz Ahsan argued that a fair trial required that a judge who had issued show cause notice in a case should not adjudicate the same
Published 23 Mar, 2012 12:00am
Aitzaz seeks transfer of case to another bench

Aitzaz seeks transfer of case to another bench

Resuming his arguments before the Supreme Court in the contempt Prime Minister Syed Yousuf Raza Gilani's lawyer Barrister Aitzaz Ahsan argued that a fair trial required that a judge who had issued show cause notice in a case should not adjudicate the same
Published 23 Mar, 2012 12:00am
Trade ties worsen as Iran slaps high tariffs on Pakistani goods

Trade ties worsen as Iran slaps high tariffs on Pakistani goods

Trade ties between Pakistan and Iran, have, reportedly worsened as the former complains that the latter has slapped high tariffs on its goods despite a Preferential Trade Agreement (PTA), well-informed sources in the Prime Minister Secretariat told Bus
Published 23 Mar, 2012 12:00am
Trade ties worsen as Iran slaps high tariffs on Pakistani goods

Trade ties worsen as Iran slaps high tariffs on Pakistani goods

Trade ties between Pakistan and Iran, have, reportedly worsened as the former complains that the latter has slapped high tariffs on its goods despite a Preferential Trade Agreement (PTA), well-informed sources in the Prime Minister Secretariat told Bus
Published 23 Mar, 2012 12:00am
Trade ties worsen as Iran slaps high tariffs on Pakistani goods

Trade ties worsen as Iran slaps high tariffs on Pakistani goods

Trade ties between Pakistan and Iran, have, reportedly worsened as the former complains that the latter has slapped high tariffs on its goods despite a Preferential Trade Agreement (PTA), well-informed sources in the Prime Minister Secretariat told Bus
Published 23 Mar, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (March 22, 2012).

Published 23 Mar, 2012 12:00am
Index loses 19.83 points

Index loses 19.83 points

The KSE-100 index on Thursday lost 19.83 points and closed at the level of 13,273.29 points due to selling by both local and foreign investors. The market opened on positive note and the index hit 13,325.30 points intra-day high level. However, this momen
Published 23 Mar, 2012 12:00am
Index loses 19.83 points

Index loses 19.83 points

The KSE-100 index on Thursday lost 19.83 points and closed at the level of 13,273.29 points due to selling by both local and foreign investors. The market opened on positive note and the index hit 13,325.30 points intra-day high level. However, this momen
Published 23 Mar, 2012 12:00am
Index loses 19.83 points

Index loses 19.83 points

The KSE-100 index on Thursday lost 19.83 points and closed at the level of 13,273.29 points due to selling by both local and foreign investors. The market opened on positive note and the index hit 13,325.30 points intra-day high level. However, this momen
Published 23 Mar, 2012 12:00am
BRIndex30 drops 28.93 points

BRIndex30 drops 28.93 points

On Thurs-day, BRIndex30 opened at 10,056.19. It touched an intraday high of 10,105.70 and an intraday low of 9,982.10 and closed at 10,027.26 which was -28.93 points or -0.29 percent lower than previous close. Total volume was 124,169,804, which was 54.95
Published 23 Mar, 2012 12:00am
BRIndex30 drops 28.93 points

BRIndex30 drops 28.93 points

On Thurs-day, BRIndex30 opened at 10,056.19. It touched an intraday high of 10,105.70 and an intraday low of 9,982.10 and closed at 10,027.26 which was -28.93 points or -0.29 percent lower than previous close. Total volume was 124,169,804, which was 54.95
Published 23 Mar, 2012 12:00am
'UN Supreme Court to resolve Indo-Pak water dispute'

'UN Supreme Court to resolve Indo-Pak water dispute'

Pakistan is left with no option but to take its complaint urgently to the UN Security Council for the protection of human rights of over 180 million people and safety of their country to stop India building high dams on Western Rivers.
Published 23 Mar, 2012 12:00am
'UN Supreme Court to resolve Indo-Pak water dispute'

'UN Supreme Court to resolve Indo-Pak water dispute'

Pakistan is left with no option but to take its complaint urgently to the UN Security Council for the protection of human rights of over 180 million people and safety of their country to stop India building high dams on Western Rivers.
Published 23 Mar, 2012 12:00am
''UN Supreme Court to resolve Indo-Pak water dispute''

''UN Supreme Court to resolve Indo-Pak water dispute''

Pakistan is left with no option but to take its complaint urgently to the UN Security Council for the protection of human rights of over 180 million people and safety of their country to stop India building high dams on Western Rivers.
Published 23 Mar, 2012 12:00am
Holiday Notice

Holiday Notice

The offices of Business Recorder will remain closed today, Friday (March 23) on account of Pakistan Day. Arrangements have, however, been made to bring out the newspaper and Internet Edition tomorrow, Saturday (March 24), as usual.
Published 23 Mar, 2012 12:00am
Holiday Notice

Holiday Notice

The offices of Business Recorder will remain closed today, Friday (March 23) on account of Pakistan Day. Arrangements have, however, been made to bring out the newspaper and Internet Edition tomorrow, Saturday (March 24), as usual.
Published 23 Mar, 2012 12:00am
US sees Taliban talks suspension as tactical move

US sees Taliban talks suspension as tactical move

The Taliban's suspension of preliminary peace talks is a tactical move reflecting internal tensions, US officials believe, rather than a definitive halt to discussions the White House hopes will bring a peaceful end to the war in Afghanistan.
Published 23 Mar, 2012 12:00am
Tapi gas project: talks held to move forward

Tapi gas project: talks held to move forward

Secretary Petroleum Muhammad Ejaz Chaudhry met his Indian counterpart, G C Chaturvedi here on Thursday and discussed bilateral trade of petroleum products and the Turkmenistan - Afghanistan - Pakistan - India (Tapi) gas pipeline project. Pakistani delegat
Published 23 Mar, 2012 12:00am
Tapi gas project: talks held to move forward

Tapi gas project: talks held to move forward

Secretary Petroleum Muhammad Ejaz Chaudhry met his Indian counterpart, G C Chaturvedi here on Thursday and discussed bilateral trade of petroleum products and the Turkmenistan - Afghanistan - Pakistan - India (Tapi) gas pipeline project. Pakistani delegat
Published 23 Mar, 2012 12:00am
Tapi gas project: talks held to move forward

Tapi gas project: talks held to move forward

Secretary Petroleum Muhammad Ejaz Chaudhry met his Indian counterpart, G C Chaturvedi here on Thursday and discussed bilateral trade of petroleum products and the Turkmenistan - Afghanistan - Pakistan - India (Tapi) gas pipeline project. Pakistani delegat
Published 23 Mar, 2012 12:00am
BP gets okay to drill deepwater well off Shetland

BP gets okay to drill deepwater well off Shetland

BP has got a green light to drill a deepwater well off the Shetland Island, the UK government said on Thursday, a move in line with Britain's plans to encourage more exploration in the North Sea. The announcement came a day after the UK government's annua
Published 23 Mar, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 23 Mar, 2012 12:00am
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