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Archive - 2012-03-24
Obama starts South Korea visit
Top News

Obama starts South Korea visit

SEOUL: US President Barack Obama arrived in South Korea Sunday to hold talks with its leader and attend a nuclear summit
Published 24 Mar, 2012 09:46pm
UAE envoy calls on CM Sindh
Top News

UAE envoy calls on CM Sindh

KARACHI: Ambassador of United Arab Emirates (UAE) Essa Abdulla Al Basha Al Noaimi called on Sindh Chief Minister Syed Qa
Published 24 Mar, 2012 02:42pm
Shipping activity at Port Qasim
Top News

Shipping activity at Port Qasim

KARACHI: One ship arrived at Port Qasim on Friday, March 23, 2012 carrying wheat at FAP. Berth occupancy was maintained
Published 24 Mar, 2012 02:40pm
Gold up at Rs 49,457
Markets

Gold up at Rs 49,457

KARACHI: Gold jumped by Rs 386 to Rs 49,457 per 10 grams in the local market Saturday as its international price improve
Published 24 Mar, 2012 02:34pm
Sri Lanka 2011 GDP rises by 8.3pc
Top News

Sri Lanka 2011 GDP rises by 8.3pc

COLOMBO: Sri Lanka's gross domestic product (GDP) grew at a faster than expected annual rate of 8.3 percent last year, u
Published 24 Mar, 2012 09:53am
Annan takes Syria peace plan to Russia
Top News

Annan takes Syria peace plan to Russia

MOSCOW: Syrian peace envoy Kofi Annan heads to Moscow on Saturday to gauge how far Russiais willing to push its key Arab
Published 24 Mar, 2012 08:16am
Havana gets gussied up for pope
World

Havana gets gussied up for pope

HAVANA: A flurry of house-painting and road-paving has spun into full tilt as the only Communist capital in the Americas
Published 24 Mar, 2012 06:27am
Vietnam inflation falls to 14.15pc
Top News

Vietnam inflation falls to 14.15pc

HANOI:Vietnam's inflation fell for a seventh consecutive month in March to the lowest level in a year, official figures
Published 24 Mar, 2012 05:47am
Wall Street retreats but bull market still alive

Wall Street retreats but bull market still alive

Cyclical sectors led US stocks lower on Thursday, setting the S&P 500 up for its first negative week in six, after factory data showed a slowdown in both the euro zone and China. The weak data is hardly a surprise for markets, as many analysts have alread
Published 24 Mar, 2012 12:00am
Friday's midday trade: Dow, S&P 500 edge higher

Friday's midday trade: Dow, S&P 500 edge higher

US stocks mostly inched higher on Friday as rising energy shares offset early weakness, though the S&P 500 remained on track to break a five-week streak of gains. Equities fell early after data showed a drop in single-family home sales, but a rebound in e
Published 24 Mar, 2012 12:00am
Nikkei suffers worst day in two months

Nikkei suffers worst day in two months

Japan's Nikkei average had its biggest one-day percentage fall in two months on Friday after data pointed to slowing factory activity in China and the euro zone's two largest economies and sparked fresh concerns over global economic growth. Fears of slowe
Published 24 Mar, 2012 12:00am
Most Southeast Asian stocks modestly higher

Most Southeast Asian stocks modestly higher

Most Southeast Asian stocks recouped early losses to end modestly higher on Friday, helped by late buying in beaten-down blue chips and resource-related shares. Sentiment in the region turned more positive as European equity markets steadied following fou
Published 24 Mar, 2012 12:00am
Bank of America launches pilot home relief programme

Bank of America launches pilot home relief programme

Bank of America is testing out a pilot programme to help US homeowners threatened with foreclosures to remain in their homes as tenants. "This pilot will help determine whether conversion from homeownership to rental is something our customers, the commun
Published 24 Mar, 2012 12:00am
US brokerage unit of UBS shakes up management

US brokerage unit of UBS shakes up management

The US brokerage arm of UBS AG shook up its leadership ranks on Friday, removing a layer of management under Chief Executive Officer Robert McCann and giving private wealth management head Jason Chandler a bigger role. McCann, 54, the former Merrill Lynch
Published 24 Mar, 2012 12:00am
Fed should not over-commit to an ultra-easy policy: Bullard

Fed should not over-commit to an ultra-easy policy: Bullard

The US Federal Reserve should be wary about "over-committing" to an ultra-easy monetary policy that has served the economy well in recent years but could be detrimental eventually, a top Fed official said on Friday.
Published 24 Mar, 2012 12:00am
Fed grappling with supervisory role: Bernanke

Fed grappling with supervisory role: Bernanke

The Federal Reserve is still working out how best to supervise large financial institutions whose failure could cause domino effects across the financial system, Federal Reserve Chairman Ben Bernanke said on Friday. Bernanke, in brief introductory remarks
Published 24 Mar, 2012 12:00am
India bars its airlines from paying EU carbon tax

India bars its airlines from paying EU carbon tax

India has barred its airlines from complying with the European Union carbon tax scheme, joining China in resistance to plans that have caused a backlash among the EU's trade partners. The European Union imposed a carbon levy on air travel with effect from
Published 24 Mar, 2012 12:00am
Morgan Stanley wants all of Citi venture

Morgan Stanley wants all of Citi venture

Morgan Stanley is interested in buying all of Citigroup Inc's stake in their wealth management joint venture this year in what could be a roughly $10 billion deal, said people familiar with Morgan Stanley management's thinking. Under the terms of the Morg
Published 24 Mar, 2012 12:00am
US new home sales slip, prices at eight-month high

US new home sales slip, prices at eight-month high

New US single-family home sales fell in February while prices jumped to their highest level in eight months, according to a government report on Friday that was the latest to paint a mixed picture of the housing market. The Commerce Department said sales
Published 24 Mar, 2012 12:00am
Crisis-hit Gaza gets 450,000 litres of fuel

Crisis-hit Gaza gets 450,000 litres of fuel

Some 450,000 litres of fuel were delivered to the crisis-hit Gaza Strip early on Friday through Israel's Kerem Shalom border crossing, Israeli and Palestinian sources said. An Israeli military official confirmed that the Kerem Shalom terminal had opened a
Published 24 Mar, 2012 12:00am
Credit Suisse CEO's pay halved to $6.35 million

Credit Suisse CEO's pay halved to $6.35 million

Credit Suisse Group AG chief Brady Dougan took a more than 50 percent pay cut last year as the bank's earnings slumped 62 percent and its stock tumbled 41 percent, the bank said on Friday. Yet Dougan still drew criticism for banking 5.8 million francs ($6
Published 24 Mar, 2012 12:00am
Germany and Switzerland rush to seal bank tax pact

Germany and Switzerland rush to seal bank tax pact

Germany and Switzerland are rushing to revise a tax deal on offshore accounts by the end of March in an effort by Swiss officials to preserve the secrecy underpinning the country's $2 trillion banking industry. The pact is meant to form the cornerstone of
Published 24 Mar, 2012 12:00am
US Senate approves insider trading bill

US Senate approves insider trading bill

The US Senate has approved legislation to strengthen ethics rules by forbidding lawmakers from buying stocks based on information they gather while performing their duties. After several weeks of discussions, the Senate approved the bill Thursday by a vot
Published 24 Mar, 2012 12:00am
Germany to buy up to 12 percent of EADS

Germany to buy up to 12 percent of EADS

The German government plans to buy a bigger stake of up to 12 percent of EADS from Daimler and private banks, a government source said on Friday, in a sign it wants to defend national interests in the European aerospace group. "The draft of the supplement
Published 24 Mar, 2012 12:00am
BT agrees new deal on pension fund deficit

BT agrees new deal on pension fund deficit

Britain's BT has reached a deal to pay down the 4.1 billion-pound deficit on its staff pension fund more quickly than previously planned, resolving a long-running concern for investors and clearing the way for potentially higher dividends.
Published 24 Mar, 2012 12:00am
Nawaz holds PPP, allies responsible for industrial sector's downfall

Nawaz holds PPP, allies responsible for industrial sector's downfall

PML-N President Muhammad Nawaz Sharif has held PPP government and its allies responsible for downfall of country's industrial sector. While addressing laptop distribution ceremony here at Punjab University on Friday, Nawaz said the country was facing wors
Published 24 Mar, 2012 12:00am
'Bhasha Dam is no substitute for KBD'

'Bhasha Dam is no substitute for KBD'

The Punjab Forum, an NGO dedicated to political and economic rights of Punjab, has stressed the need for construction of Kalabagh Dam on river Indus for hydel power generation and water storage on war footings and said the difficult Diamer-Bhasha Dam was
Published 24 Mar, 2012 12:00am
Sparc holds Pakistan Day event

Sparc holds Pakistan Day event

The 72nd Pakistan Day was celebrated with traditional zeal and spirit with patriotic songs, while floral wreaths were laid on the graves of founders of the country. In this regard, Society for Protection of Rights of Child (Sparc) Drop In Centre Rawalpind
Published 24 Mar, 2012 12:00am
Joint ventures urged to increase Pak-Argentina trade ties

Joint ventures urged to increase Pak-Argentina trade ties

President, Business Forum Punjab (BFP), Ibrahim Qureshi has emphasised upon increase in bilateral trade between Pakistan and Argentina through joint ventures in sectors including pharmaceutical, leather and sports goods. He was delivering welcome address
Published 24 Mar, 2012 12:00am
SQM's rally supports Seraiki language

SQM's rally supports Seraiki language

Seraikistan Qaumi Movement (SQM) on Friday staged a demonstration under the leadership of Hameed Asghar Shaheen, its chief on Pakistan day for the protection of regional languages like Seraiki. The protestors burnt the effigy of those who were opposing th
Published 24 Mar, 2012 12:00am
Torture on cameraman

Torture on cameraman

Punjab Chief Minister Muhammad Shahbaz Sharif here on Friday while taking notice of police torture on cameraman of a private TV channel and cricket lovers at Liberty Chowk, has directed CCPO Lahore to inquire into the incident and submit report.
Published 24 Mar, 2012 12:00am
Indian outsourcers 'employ 100,000 in US'

Indian outsourcers 'employ 100,000 in US'

India's IT outsourcing sector has nearly doubled the number of jobs it has created in the US in the last five years and now employs more than 100,000 people, an industry group said on Friday. The workforce of Indian information technology firms in the US
Published 24 Mar, 2012 12:00am
EU opens investigation into Universal, EMI deal

EU opens investigation into Universal, EMI deal

EU antitrust regulators opened an in-depth investigation on Friday into a bid by Vivendi's Universal Music to buy EMI's recorded music unit for $1.9 billion, saying the proposed deal could reduce competition to the detriment of consumers. Universal decide
Published 24 Mar, 2012 12:00am
Shell sued in Britain over Nigeria oil spills

Shell sued in Britain over Nigeria oil spills

Lawyers for more than 11,000 Nigerians initiated formal legal proceedings against oil giant Shell in London on Friday after the breakdown of negotiations on compensation following two oil spills. The lawsuit introduced at the High Court relates to two spi
Published 24 Mar, 2012 12:00am
Eurozone seeks middle ground on rescue fund

Eurozone seeks middle ground on rescue fund

Eurozone finance ministers are moving closer to agreeing a combined rescue fund of around 700 billion euros ($924 billion) in Copenhagen next week and anything higher would probably be too ambitious, eurozone diplomats said on Friday. The EU's top economi
Published 24 Mar, 2012 12:00am
US to appeal WTO ruling against meat labels

US to appeal WTO ruling against meat labels

The United States said on Friday it would appeal a World Trade Organisation ruling against a law requiring country-of-origin labels on all meat sold in grocery stores, a move that disappointed Canada and Mexico, both of which want the law changed.
Published 24 Mar, 2012 12:00am
Warmest March drives US farmers to plant early

Warmest March drives US farmers to plant early

Ethan Cox is sowing corn on his 5,000-acre Illinois farm earlier than ever this year, betting that the premium he may collect for delivering an early crop is worth the risk of a damaging late-spring frost. Lured into the fields by what is so far the warme
Published 24 Mar, 2012 12:00am
US corn futures end high

US corn futures end high

Chicago Board of Trade corn futures closed higher on Thursday on short-covering following a technical selloff that started on Monday and continued through mid-week. USDA's weekly export sales report on Thursday showed US export sales of corn last week at
Published 24 Mar, 2012 12:00am
Russian grain export may exceed 27 million tonnes

Russian grain export may exceed 27 million tonnes

Russian grain exports could exceed official estimates of 27 million tonnes in 2011/12 as ports thaw and return to normal operations, new export outlets emerge, state stocks are sold and demand from Iran continues, SovEcon agricultural analysts said.
Published 24 Mar, 2012 12:00am
Canadian canola futures slip

Canadian canola futures slip

Canadian canola futures slipped on Thursday for the third straight session, pressured by speculator selling after a long run higher and commercial hedge-selling to offset farmer cash sales, traders said. The nearby canola contract is up nearly 12 percent
Published 24 Mar, 2012 12:00am
Port Qasim's activities

Port Qasim's activities

Port Qasim maintained port's activities of cargo volume of 63,829 tonnes including 49,693 tonnes of import; 14,136 tonnes of export cargo and the total 2,326 loaded and empty containers (TEUs) are handled during the last 24 hours of business activity on F
Published 24 Mar, 2012 12:00am
Argentina sees corn crop at 21.2 million tonnes

Argentina sees corn crop at 21.2 million tonnes

Argentina expects this season's corn crop to total 21.2 million tonnes versus its previous official estimate of 20.5 million to 22.0 million tonnes, the Agriculture Ministry said on Thursday. The ministry, in its monthly crop report, also changed its 2011
Published 24 Mar, 2012 12:00am
US Midwest soya bids slip

US Midwest soya bids slip

Soyabean spot basis bids weakened on the Illinois River for the fourth straight on Thursday and were also lower on the Mississippi River, as a slowdown in export demand at the US Gulf pressured demand for the oilseed. Soyabean spot basis bids slid by 2-1/
Published 24 Mar, 2012 12:00am
FOB Gulf soya premiums flat

FOB Gulf soya premiums flat

US soyabean export premiums at the Gulf Coast were flat on Thursday despite firmer nearby CIF basis bids as less expensive South American soyabeans undercut demand for US old-crop export, traders said. Light demand from some European and Latin American co
Published 24 Mar, 2012 12:00am
Taiwanese firm buys US grain in tender

Taiwanese firm buys US grain in tender

The Taiwan Sugar Corp has purchased 23,000 tonnes of US corn and 12,000 tonnes of US soybeans in a tender for the same volume which closed on Thursday, European traders said. The corn was bought at $337.09 a tonne c&f. The soybeans were purchased at $2.08
Published 24 Mar, 2012 12:00am
Enrolment woes

Enrolment woes

The Annual Status of Education Report (Aser) has made a disturbing revelation: Pakistan is second in global ranking of out of school children. Around 57 percent of children between the ages of 3 to 5 are not enrolled in any school in rural areas and 65 pe
Published 24 Mar, 2012 12:00am
KARACHI CHRONICLE: Who planned Zulfiqarabad?

KARACHI CHRONICLE: Who planned Zulfiqarabad?

Zulfiqarabad is a mega city project for Sindh, planned as a future rival to Karachi, that is, if it ever gets off from the blueprint stage. The "if" in this case is a very big IF. Experts of development economics, environmentalists, fisherfolk, camel bree
Published 24 Mar, 2012 12:00am
ART FACTS: Architectural vocabulary

ART FACTS: Architectural vocabulary

Henri Suffay is one of the artists who have passion for architecture. Old buildings architectural elements inspired him especially the natural materials - wood, marble and stone used in constructing huge structures appeal him a lot. His current collection
Published 24 Mar, 2012 12:00am
BOOK REVIEWS: 'In Search of my Master'

BOOK REVIEWS: 'In Search of my Master'

The book under review is a biography of an eminent artist and a humanist, Jimmy Engineer capturing the whole life and works of the artist down the memory lane bit by bit, piece by piece. His family and friends and social work and achievements all in a chr
Published 24 Mar, 2012 12:00am
Financial markets and Pakistan

Financial markets and Pakistan

The book, as the title says is about financial system and economic development, this volume - the second - deals with financial markets. We are in formed that the first volume about banking system is still in printing process by the book.
Published 24 Mar, 2012 12:00am
BRIDGE NOTES: Good play motivates good defense

BRIDGE NOTES: Good play motivates good defense

Bridge has a passion about it that takes players to great heights of stardom in their display of bridge skill. True - for an expert, both the aspects of bidding and play synchronise well enough to produce good results. But there is another side of the coi
Published 24 Mar, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 24 Mar, 2012 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:.

Published 24 Mar, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (March 23, 2012).

Published 24 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 23, 2012).

Published 24 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 23, 2012).

Published 24 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 Friday (March 23, 2012).

Published 24 Mar, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 24 Mar, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 24 Mar, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on March 20, 2012.

Published 24 Mar, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on March 20, 2012.

Published 24 Mar, 2012 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on March 20, 2012.

Published 24 Mar, 2012 12:00am
The Weather

The Weather

The weather report on Friday (March 23, 2012) and the forecast for Saturday (March 24, 2012).

Published 24 Mar, 2012 12:00am
Obama to meet Gilani on Tuesday

Obama to meet Gilani on Tuesday

US President Barack Obama will hold talks with Prime Minister Yousuf Raza Gilani on Tuesday in the South Korean capital Seoul, a statement released by the White House said. The meeting will be the most senior-level face-to-face talks between both countrie
Published 24 Mar, 2012 12:00am
Obama to meet Gilani on Tuesday

Obama to meet Gilani on Tuesday

US President Barack Obama will hold talks with Prime Minister Yousuf Raza Gilani on Tuesday in the South Korean capital Seoul, a statement released by the White House said. The meeting will be the most senior-level face-to-face talks between both countrie
Published 24 Mar, 2012 12:00am
Reopening of supply routes: Pak-US talks to resume after Salala probe

Reopening of supply routes: Pak-US talks to resume after Salala probe

The United States and Pakistan will resume talks on the possible reopening of supply routes to Afghanistan after Pakistan completes its probe into an airstrike that killed 24 of its soldiers, a senior US official said Friday. Marc Grossman, US special env
Published 24 Mar, 2012 12:00am
Reopening of supply routes: Pak-US talks to resume after Salala probe

Reopening of supply routes: Pak-US talks to resume after Salala probe

The United States and Pakistan will resume talks on the possible reopening of supply routes to Afghanistan after Pakistan completes its probe into an airstrike that killed 24 of its soldiers, a senior US official said Friday. Marc Grossman, US special env
Published 24 Mar, 2012 12:00am
Revenue impact: FBR to study tax expenditure, exemptions

Revenue impact: FBR to study tax expenditure, exemptions

The Federal Board of Revenue is planning to conduct studies on tax expenditure, exemptions and size of black economy to figure out the revenue impact of these exemptions and size of informal economy operating in the country. Sources told Business Recor
Published 24 Mar, 2012 12:00am
Revenue impact: FBR to study tax expenditure, exemptions

Revenue impact: FBR to study tax expenditure, exemptions

The Federal Board of Revenue is planning to conduct studies on tax expenditure, exemptions and size of black economy to figure out the revenue impact of these exemptions and size of informal economy operating in the country. Sources told Business Recor
Published 24 Mar, 2012 12:00am
Revenue impact: FBR to study tax expenditure, exemptions

Revenue impact: FBR to study tax expenditure, exemptions

The Federal Board of Revenue is planning to conduct studies on tax expenditure, exemptions and size of black economy to figure out the revenue impact of these exemptions and size of informal economy operating in the country. Sources told Business Recor
Published 24 Mar, 2012 12:00am
Tax laws meant for foreign ships applied to Pakistani vessels!

Tax laws meant for foreign ships applied to Pakistani vessels!

Karachi-based tax authorities of the Federal Board of Revenue are wrongly applying provisions of Income Tax Ordinance 2001, meant for foreign shipping lines on the Pakistani ships and vessels owned by Pakistan National Shipping Corporation (PNSC). Sources
Published 24 Mar, 2012 12:00am
Tax laws meant for foreign ships applied to Pakistani vessels!

Tax laws meant for foreign ships applied to Pakistani vessels!

Karachi-based tax authorities of the Federal Board of Revenue are wrongly applying provisions of Income Tax Ordinance 2001, meant for foreign shipping lines on the Pakistani ships and vessels owned by Pakistan National Shipping Corporation (PNSC). Sources
Published 24 Mar, 2012 12:00am
Tax laws meant for foreign ships applied to Pakistani vessels!

Tax laws meant for foreign ships applied to Pakistani vessels!

Karachi-based tax authorities of the Federal Board of Revenue are wrongly applying provisions of Income Tax Ordinance 2001, meant for foreign shipping lines on the Pakistani ships and vessels owned by Pakistan National Shipping Corporation (PNSC). Sources
Published 24 Mar, 2012 12:00am
Iran ramps up food imports via Turkish banks

Iran ramps up food imports via Turkish banks

Almost half a million tonnes of grain has arrived at Iran's major food port and Turkish banks are being used by the Islamic Republic as an alternative trade financing route to side-step Western sanctions, trade sources say. Iran has been shopping for whea
Published 24 Mar, 2012 12:00am
Iran ramps up food imports via Turkish banks

Iran ramps up food imports via Turkish banks

Almost half a million tonnes of grain has arrived at Iran's major food port and Turkish banks are being used by the Islamic Republic as an alternative trade financing route to side-step Western sanctions, trade sources say. Iran has been shopping for whea
Published 24 Mar, 2012 12:00am
Iran ramps up food imports via Turkish banks

Iran ramps up food imports via Turkish banks

Almost half a million tonnes of grain has arrived at Iran''s major food port and Turkish banks are being used by the Islamic Republic as an alternative trade financing route to side-step Western sanctions, trade sources say. Iran has been shopping for whe
Published 24 Mar, 2012 12:00am
Calendar year 2012 quota for export of animals approved

Calendar year 2012 quota for export of animals approved

The Ministry of National Food Security and Research has approved quota for quarter-wise distribution of exportable animals to different countries particularly Iran and Afghanistan. Sources told Business Recorder that the Ministry of National Food S
Published 24 Mar, 2012 12:00am
Calendar year 2012 quota for export of animals approved

Calendar year 2012 quota for export of animals approved

The Ministry of National Food Security and Research has approved quota for quarter-wise distribution of exportable animals to different countries particularly Iran and Afghanistan. Sources told Business Recorder that the Ministry of National Food S
Published 24 Mar, 2012 12:00am
Calendar year 2012 quota for export of animals approved

Calendar year 2012 quota for export of animals approved

The Ministry of National Food Security and Research has approved quota for quarter-wise distribution of exportable animals to different countries particularly Iran and Afghanistan. Sources told Business Recorder that the Ministry of National Food S
Published 24 Mar, 2012 12:00am
US picks public health expert for World Bank job

US picks public health expert for World Bank job

The United States picked a public health expert of South Korean origin as its candidate for the World Bank presidency, a job emerging market economies are contesting for the first time. In an announcement on Friday at the White House President Barack Obam
Published 24 Mar, 2012 12:00am
US picks public health expert for World Bank job

US picks public health expert for World Bank job

The United States picked a public health expert of South Korean origin as its candidate for the World Bank presidency, a job emerging market economies are contesting for the first time. In an announcement on Friday at the White House President Barack Obam
Published 24 Mar, 2012 12:00am
US picks public health expert for World Bank job

US picks public health expert for World Bank job

The United States picked a public health expert of South Korean origin as its candidate for the World Bank presidency, a job emerging market economies are contesting for the first time. In an announcement on Friday at the White House President Barack Obam
Published 24 Mar, 2012 12:00am
Provincial governments' expenditures up by Rs 131 billion

Provincial governments' expenditures up by Rs 131 billion

Total expenditures of all provincial governments have registered a healthy growth of 31 percent or Rs 131 billion to Rs 548 billion during the first half of current fiscal year (2011-12) compared with same period of last fiscal year (2010-11). The massive
Published 24 Mar, 2012 12:00am
Provincial governments' expenditures up by Rs 131 billion

Provincial governments' expenditures up by Rs 131 billion

Total expenditures of all provincial governments have registered a healthy growth of 31 percent or Rs 131 billion to Rs 548 billion during the first half of current fiscal year (2011-12) compared with same period of last fiscal year (2010-11). The massive
Published 24 Mar, 2012 12:00am
Provincial governments'' expenditures up by Rs 131 billion

Provincial governments'' expenditures up by Rs 131 billion

Total expenditures of all provincial governments have registered a healthy growth of 31 percent or Rs 131 billion to Rs 548 billion during the first half of current fiscal year (2011-12) compared with same period of last fiscal year (2010-11). The massive
Published 24 Mar, 2012 12:00am
Rs 6.045 billion subsidy required to offload surplus wheat

Rs 6.045 billion subsidy required to offload surplus wheat

Following the increase in its support price, Pakistan's wheat has become very expensive as compared to benchmark international price while an amount of about Rs 6.045 billion will be required as subsidy to offload one million tons surplus stock. According
Published 24 Mar, 2012 12:00am
Rs 6.045 billion subsidy required to offload surplus wheat

Rs 6.045 billion subsidy required to offload surplus wheat

Following the increase in its support price, Pakistan's wheat has become very expensive as compared to benchmark international price while an amount of about Rs 6.045 billion will be required as subsidy to offload one million tons surplus stock. According
Published 24 Mar, 2012 12:00am
Rs 6.045 billion subsidy required to offload surplus wheat

Rs 6.045 billion subsidy required to offload surplus wheat

Following the increase in its support price, Pakistan''s wheat has become very expensive as compared to benchmark international price while an amount of about Rs 6.045 billion will be required as subsidy to offload one million tons surplus stock. Accordin
Published 24 Mar, 2012 12:00am
Putin opens pipeline that bypasses Ukraine, Belarus

Putin opens pipeline that bypasses Ukraine, Belarus

Russia's Prime Minister Vladimir Putin inaugurated the final leg of a pipeline to the Baltic Sea on Friday, Russian news agencies said, part of a new distribution system designed to bypass Belarus and Ukraine. In an official ceremony, Putin pushed a butto
Published 24 Mar, 2012 12:00am
Putin opens pipeline that bypasses Ukraine, Belarus

Putin opens pipeline that bypasses Ukraine, Belarus

Russia's Prime Minister Vladimir Putin inaugurated the final leg of a pipeline to the Baltic Sea on Friday, Russian news agencies said, part of a new distribution system designed to bypass Belarus and Ukraine. In an official ceremony, Putin pushed a butto
Published 24 Mar, 2012 12:00am
Putin opens pipeline that bypasses Ukraine, Belarus

Putin opens pipeline that bypasses Ukraine, Belarus

Russia''s Prime Minister Vladimir Putin inaugurated the final leg of a pipeline to the Baltic Sea on Friday, Russian news agencies said, part of a new distribution system designed to bypass Belarus and Ukraine. In an official ceremony, Putin pushed a butt
Published 24 Mar, 2012 12:00am
Up to Rs 7.68 per litre raise in oil prices likely

Up to Rs 7.68 per litre raise in oil prices likely

The petroleum products prices are expected to increase by up to Rs 7.68 per litre from April 1, as the crude oil prices in the global market have crossed $123 per barrel. According to sources in the Ministry of Petroleum and Natural Resources price of pet
Published 24 Mar, 2012 12:00am
Up to Rs 7.68 per litre raise in oil prices likely

Up to Rs 7.68 per litre raise in oil prices likely

The petroleum products prices are expected to increase by up to Rs 7.68 per litre from April 1, as the crude oil prices in the global market have crossed $123 per barrel. According to sources in the Ministry of Petroleum and Natural Resources price of pet
Published 24 Mar, 2012 12:00am
Up to Rs 7.68 per litre raise in oil prices likely

Up to Rs 7.68 per litre raise in oil prices likely

The petroleum products prices are expected to increase by up to Rs 7.68 per litre from April 1, as the crude oil prices in the global market have crossed $123 per barrel. According to sources in the Ministry of Petroleum and Natural Resources price of pet
Published 24 Mar, 2012 12:00am
Two major US oil companies interested in TAPI pipeline

Two major US oil companies interested in TAPI pipeline

Two major US oil companies are interested in a four-country pipeline that would ship gas worth billions of dollars from Turkmenistan to India and Pakistan, a US government official said on Friday. The building of the US-backed "TAPI" pipeline through some
Published 24 Mar, 2012 12:00am
Two major US oil companies interested in TAPI pipeline

Two major US oil companies interested in TAPI pipeline

Two major US oil companies are interested in a four-country pipeline that would ship gas worth billions of dollars from Turkmenistan to India and Pakistan, a US government official said on Friday. The building of the US-backed "TAPI" pipeline through some
Published 24 Mar, 2012 12:00am
Two major US oil companies interested in TAPI pipeline

Two major US oil companies interested in TAPI pipeline

Two major US oil companies are interested in a four-country pipeline that would ship gas worth billions of dollars from Turkmenistan to India and Pakistan, a US government official said on Friday. The building of the US-backed "TAPI" pipeline through some
Published 24 Mar, 2012 12:00am
Government plans to allow petrol imports from India

Government plans to allow petrol imports from India

The government is expected to bring out a notification next month allowing import of certain goods, including petrol and food items from India, Energy Secretary Ejaz Chaudhry said on Friday. Pakistan agreed last November to open up more trade with India b
Published 24 Mar, 2012 12:00am
Government plans to allow petrol imports from India

Government plans to allow petrol imports from India

The government is expected to bring out a notification next month allowing import of certain goods, including petrol and food items from India, Energy Secretary Ejaz Chaudhry said on Friday. Pakistan agreed last November to open up more trade with India b
Published 24 Mar, 2012 12:00am
Government plans to allow petrol imports from India

Government plans to allow petrol imports from India

The government is expected to bring out a notification next month allowing import of certain goods, including petrol and food items from India, Energy Secretary Ejaz Chaudhry said on Friday. Pakistan agreed last November to open up more trade with India b
Published 24 Mar, 2012 12:00am
'Systematic' plan for Iranian oil imports: India

'Systematic' plan for Iranian oil imports: India

India will continue to import oil from Iran without violating any international law and has requested the United States and the European Union to take into account the country's oil needs, India's oil minister said on Friday. "We have a systematic plan fo
Published 24 Mar, 2012 12:00am
'Systematic' plan for Iranian oil imports: India

'Systematic' plan for Iranian oil imports: India

India will continue to import oil from Iran without violating any international law and has requested the United States and the European Union to take into account the country's oil needs, India's oil minister said on Friday. "We have a systematic plan fo
Published 24 Mar, 2012 12:00am
''Systematic'' plan for Iranian oil imports: India

''Systematic'' plan for Iranian oil imports: India

India will continue to import oil from Iran without violating any international law and has requested the United States and the European Union to take into account the country''s oil needs, India''s oil minister said on Friday. "We have a systematic plan
Published 24 Mar, 2012 12:00am
EU allows Iran oil insurance for now, to decide in May

EU allows Iran oil insurance for now, to decide in May

The European Union agreed on Friday to exempt until July 1 some insurance on Iranian oil shipments headed for destinations other than Europe from its embargo on crude trade, and to decide before the middle of May whether to allow cover after that date. Th
Published 24 Mar, 2012 12:00am
Global cyber anti-garbage drive shifts into gear

Global cyber anti-garbage drive shifts into gear

Cyber-environmentalists said Friday 80 countries have joined the World Cleanup 2012 campaign which will see volunteers across the globe use the Internet to target illegal trash dumps for cleanup. Portugal and Slovenia kick off the unprecedented six-month-
Published 24 Mar, 2012 12:00am
Suicide attack at mosque in Khyber Agency kills 13

Suicide attack at mosque in Khyber Agency kills 13

A suicide bomber blew himself up outside a mosque on Friday, at the time of Juma congregation, killed 13 people. The militants associated with banned outfit Lashkar-e-Islam (LI) in Tirah Valley of Khyber Agency bordering Afghanistan, political authorities
Published 24 Mar, 2012 12:00am
Suicide attack at mosque in Khyber Agency kills 13

Suicide attack at mosque in Khyber Agency kills 13

A suicide bomber blew himself up outside a mosque on Friday, at the time of Juma congregation, killed 13 people. The militants associated with banned outfit Lashkar-e-Islam (LI) in Tirah Valley of Khyber Agency bordering Afghanistan, political authorities
Published 24 Mar, 2012 12:00am
Militants kill four soldiers in Balochistan

Militants kill four soldiers in Balochistan

Gunmen ambushed a paramilitary checkpost on Friday, killing four soldiers and abducting four others in Balochistan, officials said. There was no immediate claim of responsibility but officials blamed the attack on Taliban in Shirani district, 350 kilometr
Published 24 Mar, 2012 12:00am
Militants kill four soldiers in Balochistan

Militants kill four soldiers in Balochistan

Gunmen ambushed a paramilitary checkpost on Friday, killing four soldiers and abducting four others in Balochistan, officials said. There was no immediate claim of responsibility but officials blamed the attack on Taliban in Shirani district, 350 kilometr
Published 24 Mar, 2012 12:00am
Jamadi-ul-Awwal moon not sighted

Jamadi-ul-Awwal moon not sighted

The Jamadi ul-Awwal moon has not been sighted on Friday. This was announced by the Chairman of the Central Ruet-i-Hilal Committee, Mufti Munib ur Rehman. He presided over the meeting of the Central Ruet-i-Hilal Committee here on Friday. Mufti Munib said t
Published 24 Mar, 2012 12:00am
Jamadi-ul-Awwal moon not sighted

Jamadi-ul-Awwal moon not sighted

The Jamadi ul-Awwal moon has not been sighted on Friday. This was announced by the Chairman of the Central Ruet-i-Hilal Committee, Mufti Munib ur Rehman. He presided over the meeting of the Central Ruet-i-Hilal Committee here on Friday. Mufti Munib said t
Published 24 Mar, 2012 12:00am
China, Indonesia sign deals worth $17 billion

China, Indonesia sign deals worth $17 billion

China and Indonesia signed deals worth at least $17 billion Friday in fields such as hydroelectricity and mining during a visit to Beijing by the Southeast Asian nation's leader, state media said. The agreements come as the two countries, both highly depe
Published 24 Mar, 2012 12:00am
China, Indonesia sign deals worth $17 billion

China, Indonesia sign deals worth $17 billion

China and Indonesia signed deals worth at least $17 billion Friday in fields such as hydroelectricity and mining during a visit to Beijing by the Southeast Asian nation's leader, state media said. The agreements come as the two countries, both highly depe
Published 24 Mar, 2012 12:00am
China, Indonesia sign deals worth $17 billion

China, Indonesia sign deals worth $17 billion

China and Indonesia signed deals worth at least $17 billion Friday in fields such as hydroelectricity and mining during a visit to Beijing by the Southeast Asian nation''s leader, state media said. The agreements come as the two countries, both highly dep
Published 24 Mar, 2012 12:00am
Former Russian banker in coma after London shooting

Former Russian banker in coma after London shooting

A former Russian banker is in a coma in a London hospital after being shot several times, police said Friday. Detectives said they were treating the attack on German Gorbuntsov, who is in his 40s, as attempted murder. He was shot on Tuesday as he entered
Published 24 Mar, 2012 12:00am
Former Russian banker in coma after London shooting

Former Russian banker in coma after London shooting

A former Russian banker is in a coma in a London hospital after being shot several times, police said Friday. Detectives said they were treating the attack on German Gorbuntsov, who is in his 40s, as attempted murder. He was shot on Tuesday as he entered
Published 24 Mar, 2012 12:00am
Google charts a careful course through Asia's maps

Google charts a careful course through Asia's maps

Google rushed out its panoramic Street View maps in Thailand on Friday as part of the country's efforts to show tourist hot spots have recovered from last year's floods. But it also marked something of a change of fortunes for Google itself, which has wea
Published 24 Mar, 2012 12:00am
Google charts a careful course through Asia's maps

Google charts a careful course through Asia's maps

Google rushed out its panoramic Street View maps in Thailand on Friday as part of the country's efforts to show tourist hot spots have recovered from last year's floods. But it also marked something of a change of fortunes for Google itself, which has wea
Published 24 Mar, 2012 12:00am
Google charts a careful course through Asia''s maps

Google charts a careful course through Asia''s maps

Google rushed out its panoramic Street View maps in Thailand on Friday as part of the country''s efforts to show tourist hot spots have recovered from last year''s floods. But it also marked something of a change of fortunes for Google itself, which has w
Published 24 Mar, 2012 12:00am
US soldier formally charged with 17 murders

US soldier formally charged with 17 murders

A US soldier was formally charged Friday with 17 murders over the killings of civilians in a village in southern Afghanistan, US forces said in a statement released in Kabul. Staff Sergeant Robert Bales, of the 2nd Battalion, 3rd Infantry, was also accuse
Published 24 Mar, 2012 12:00am
US soldier formally charged with 17 murders

US soldier formally charged with 17 murders

A US soldier was formally charged Friday with 17 murders over the killings of civilians in a village in southern Afghanistan, US forces said in a statement released in Kabul. Staff Sergeant Robert Bales, of the 2nd Battalion, 3rd Infantry, was also accuse
Published 24 Mar, 2012 12:00am
Indian parties fail to break deadlock over graft law

Indian parties fail to break deadlock over graft law

A meeting of Indian political parties on a key anti-corruption bill ended inconclusively Friday, but participants agreed to try and build consensus on the controversial legislation. The Lokpal bill could not be passed by the upper house of parliament afte
Published 24 Mar, 2012 12:00am
Indian parties fail to break deadlock over graft law

Indian parties fail to break deadlock over graft law

A meeting of Indian political parties on a key anti-corruption bill ended inconclusively Friday, but participants agreed to try and build consensus on the controversial legislation. The Lokpal bill could not be passed by the upper house of parliament afte
Published 24 Mar, 2012 12:00am
Lyari tense as police, protestors clash

Lyari tense as police, protestors clash

Lyari remained in grip of tension for the fourth consecutive day, as the supporters of banned People's Amn Committee (PAC) turned violent during their protest against the ongoing search operation in the area and engaged in scuffle with law enforcers for h
Published 24 Mar, 2012 12:00am
Lyari tense as police, protestors clash

Lyari tense as police, protestors clash

Lyari remained in grip of tension for the fourth consecutive day, as the supporters of banned People's Amn Committee (PAC) turned violent during their protest against the ongoing search operation in the area and engaged in scuffle with law enforcers for h
Published 24 Mar, 2012 12:00am
LCCI seeks to declare: Katar Bund area as Industrial Estate

LCCI seeks to declare: Katar Bund area as Industrial Estate

The Lahore Chamber of Commerce and Industry on Friday appealed to the Chief Minister Punjab to declare Katar Bund Industrial Area as Industrial Estate as despite paying an amount of Rs one billion to the national exchequer, the area is without even the ba
Published 24 Mar, 2012 12:00am
Pakistani students break world's largest canvas painting record

Pakistani students break world's largest canvas painting record

To mark the Pakistan Day, Pakistani students broken the Guinness world record on Friday by painting world's largest canvas and the theme of the canvas was to paint the national flag. A painting of Pakistani flag measuring almost 42,000 square feet was mad
Published 24 Mar, 2012 12:00am
PPP Punjab pays homage to Begum Bhutto

PPP Punjab pays homage to Begum Bhutto

PPP Punjab on Friday has paid tribute to Maadr-i-Jamhooriat late Begum Nusrat Bhutto on her 83rd birth anniversary describing her as a national asset who personally led from the front a heroic struggle for the restoration of democracy in the country. Mean
Published 24 Mar, 2012 12:00am
Pakistan Day celebrated in Beijing

Pakistan Day celebrated in Beijing

The 72nd National Day of Pakistan was celebrated with great fervour and enthusiasm here on Friday. On this occasion Charge d' Affairs, Zahoor Ahmed hoisted the national flag and read out the messages of President Asif Ali Zardari and Prime Minister Syed Y
Published 24 Mar, 2012 12:00am
Farina Raja: a woman of substance

Farina Raja: a woman of substance

Farina Raja, who has been awarded Hilal-e-Imtiaz by the Government of Pakistan, is no ordinary woman. She is a woman of substance, a woman who has dedicated her whole life to the welfare of the poor masses of Pakistan, a woman who has worked untiringly fo
Published 24 Mar, 2012 12:00am
ACCA discusses future of accountancy in Afghanistan

ACCA discusses future of accountancy in Afghanistan

ACCA hosted an event "Afghanistan Stakeholders' Roundtable" in Dubai to discuss the future of the accountancy profession in Afghanistan. A number of experts with interests in building the accountancy profession in the country, from employers representing
Published 24 Mar, 2012 12:00am
Rana Mashood greets nation

Rana Mashood greets nation

Deputy Speaker Punjab Assembly Rana Mashood Ahmed Khan here on Friday has congratulated the nation on Yom-e- Pakistan stating that this occasion should be used to reiterate commitment towards the country. He said nation while moving on the path of Quaid-e
Published 24 Mar, 2012 12:00am
WHO calls for all out efforts to contain Tuberculosis

WHO calls for all out efforts to contain Tuberculosis

The World Health Organisation (WHO) Representative in Pakistan Dr Guido Sabatinelli has called for all out efforts to contain the disease of tuberculosis in the country. On the occasion of World Tuberculosis Day falling on Saturday, Dr Guido Sabatinelli i
Published 24 Mar, 2012 12:00am
Five-day a week: APTMA thanks minister for increased gas supply

Five-day a week: APTMA thanks minister for increased gas supply

Chairman Federal Task Force on Energy and Group Leader APTMA Gohar Ejaz has called five days a week gas supply a gift for textile industry on the eve of Pakistan Day. Reacting to government decision of five-days a week gas supply to industry, Gohar expres
Published 24 Mar, 2012 12:00am
Afridi involved in a brawl on return

Afridi involved in a brawl on return

Allrounder Shahid Afridi lashed out at fans at Karachi airport after his three-year-old daughter was hurt in a rush of autograph hunters, eye-witnesses and television reports said Friday. The 32-year-old former captain lost his temper and hit fans who had
Published 24 Mar, 2012 12:00am
Misconduct proceedings against Aitzaz demanded

Misconduct proceedings against Aitzaz demanded

A Supreme Court lawyer and Judicial Activism Panel Chairman Muhammad Azhar Siddique has demanded initiation of professional misconduct proceedings against Prime Minister's counsel Aitzaz Ahsan by Pakistan Bar Council disciplinary committee.
Published 24 Mar, 2012 12:00am
Balloting for distribution of 6,200 yellow cabs held

Balloting for distribution of 6,200 yellow cabs held

The Punjab government held balloting for distribution of 6,200 yellow cabs among the educated persons under third phase of its self-employment scheme here, on Friday. The provincial government is handing over keys of 20,000 vehicles - 60 percent Mehran an
Published 24 Mar, 2012 12:00am
JSQM announces to 'disown' Pakistan Resolution

JSQM announces to 'disown' Pakistan Resolution

Chairman Jeay Sindh Qaumi Mahaz (JSQM) Bashir Khan Qureshi on Friday announced to disown the Pakistan Resolution, saying that it had failed to protect the rights and autonomy of the Sindh for last 65 years. Speaking at the 'Freedom March' organised by his
Published 24 Mar, 2012 12:00am
Ghost employees of fund-starved KMC allegedly getting regular salaries

Ghost employees of fund-starved KMC allegedly getting regular salaries

Hundreds of ghost employees of Education Department of fund-starved Karachi Metropolitan Corporation (KMC) are regularly getting their salaries, sources told Business Recorder. The sources alleged that some corrupt officers were involved in the app
Published 24 Mar, 2012 12:00am
'Government efforts create awareness about dengue'

'Government efforts create awareness about dengue'

Special Assistant to Chief Minister Punjab on Health Khawaja Salman Rafique has said that awareness has been created about dengue among the people due to constant efforts of the government and full cooperation of media. He expressed the hope that they wil
Published 24 Mar, 2012 12:00am
Pakistan Day celebrated in Berlin

Pakistan Day celebrated in Berlin

Pakistani community in Germany and officials of the embassy celebrated the 72nd Pakistan Day at Pakistan embassy in Berlin on Friday. A flag hoisting ceremony to commemorate the 72nd anniversary of the historic Pakistan Resolution was held, said a message
Published 24 Mar, 2012 12:00am
Pakistani community in Sri Lanka celebrates Pakistan Day

Pakistani community in Sri Lanka celebrates Pakistan Day

The Pakistan High Commission and the Pakistani community based in Sri Lanka celebrated the 72nd National Day of Pakistan with traditional fervour and resolve to make Pakistan a strong, vibrant, progressive and democratic Islamic welfare state.
Published 24 Mar, 2012 12:00am
Pakistan Day celebrated with enthusiasm

Pakistan Day celebrated with enthusiasm

The nation celebrated Pakistan Day on Friday across the country with traditional zeal and enthusiasm to commemorate the passage of the Lahore Resolution, later called, the Pakistan Resolution, which eventually led to the creation of Pakistan.
Published 24 Mar, 2012 12:00am
MPAs from Chitral emerge richest among inhabitants of the district

MPAs from Chitral emerge richest among inhabitants of the district

The two members of Khyber-Pakhtunkhwa provincial assembly from Chitral - Saleem Khan and Ghulam Muhammad have emerged as the richest from among other lot of this hilly district, meaning thereby that they have learnt the 'rules of the business' very quickl
Published 24 Mar, 2012 12:00am
Summary for first technical university approved

Summary for first technical university approved

Federal Minister for Professional and Technical Training Mian Riaz Hussain Pirzada, after inaugurating the official website of the Ministry of Professional and Technical Training, said that summary for first Pakistan Technical University has been approved
Published 24 Mar, 2012 12:00am
Pakistani expatriates in Japan urged to promote soft image of country

Pakistani expatriates in Japan urged to promote soft image of country

Senior Federal Minister for Commerce, Makhdoom Muhammad Amin Fahim on Friday called upon Pakistani expatriates in Japan to project soft image of the country by presenting themselves as a role model and urged them to act as an ambassador of their country.
Published 24 Mar, 2012 12:00am
All Pakistan Science Fair SSUET wins first prize

All Pakistan Science Fair SSUET wins first prize

Students of Sir Syed University of Engineering & Technology won the 1st prize at 13th All Pakistan Science Fair, organised by Ghulam Ishak Khan Institute from 17th till 19th February 2012 for their unique, economically viable and innovative projects "Powe
Published 24 Mar, 2012 12:00am
President decorates 67 recipients of National Awards (Civil)

President decorates 67 recipients of National Awards (Civil)

President Asif Ali Zardari has decorated as many as 67 recipients of National Awards (Civil) including five foreign nationals. The National Awards investiture ceremony was held at the Aiwan-e-Sadr on March 23. Every year, the President gives Pakistan's hi
Published 24 Mar, 2012 12:00am
Sindh Governor confers civil awards on 27 eminent personalities

Sindh Governor confers civil awards on 27 eminent personalities

Sindh Governor Dr Ishrat-ul-Ibad Khan on Friday conferred various civil awards on 27 prominent personalities in recognition of their services in relevant fields on the eve of Pakistan Day. In this regard, a ceremony was held at Darbar Hall of Governor Hou
Published 24 Mar, 2012 12:00am
'South Asia Conference on Environmental Justice' today

'South Asia Conference on Environmental Justice' today

In order to make environmental institutions administratively and judicially efficient and effective in Pakistan, a two-day 'South Asia Conference on Environmental Justice' would commence from Saturday (today). Chief Justice of Pakistan Iftikhar Muhammad C
Published 24 Mar, 2012 12:00am
'Government offers conducive environment to foreign investors':

'Government offers conducive environment to foreign investors':

Pakistan offers a very conducive environment to the foreign investors including repatriation of their earnings to home back, said Commerce Secretary Mahmood Zafar on Friday. Speaking at the opening session of the 4th meeting of the Pakistan Japan Governme
Published 24 Mar, 2012 12:00am
Violence threats make 650 schools dysfunctional in Fata: HRCP report

Violence threats make 650 schools dysfunctional in Fata: HRCP report

About 650 schools for boys and girls remained dysfunctional in Federally Administered Tribal Areas (Fata) due to threats from militants, revealed by Human Rights Commission of Pakistan (HRCP) in its report. The HRCP report titled "State of Human Rights in
Published 24 Mar, 2012 12:00am
Tamgha-e-Imtiaz conferred on Turk MNA Burhan Kayaturk

Tamgha-e-Imtiaz conferred on Turk MNA Burhan Kayaturk

The Federal government has conferred Tamgha-e-Imtiaz on Burhan Kayaturk, Member of Turkish National Assembly and President of Pak-Turkey Friendship Association on occasion of Pakistan Day in honour of his service to bring Pakistan and Turkey closer. "Kaya
Published 24 Mar, 2012 12:00am
Corps Commander Peshawar confers awards

Corps Commander Peshawar confers awards

Corps Commander Peshawar, Lieutenant General Khalid Rabbani conferred awards upon various military officers and Shuhadas in simple and impressive ceremony held at Corps Auditorium here on Friday. Six Sitara-i-Imtiaz (Military), 15 Tamgha-i-Imtiaz (Militar
Published 24 Mar, 2012 12:00am
Shahbaz welcomes UAE Education Minister

Shahbaz welcomes UAE Education Minister

Chief Minister Punjab Muhammad Shahbaz Sharif said that strong relationship of brotherhood and friendship exist between Pakistan and UAE and UAE never left Pakistan alone in any crises. He said this while welcoming UAE Education Minister, Sheikh Nahyan Mu
Published 24 Mar, 2012 12:00am
Water flows in four rivers start increasing

Water flows in four rivers start increasing

The much needed water flows in the four live rivers of the country have started increasing as temperature in the catchment areas of the rivers have been rising during the last three days, Wapda engineers told Business Recorder on Friday.
Published 24 Mar, 2012 12:00am
Shabbir Shah hails Pakistan support for Kashmir cause

Shabbir Shah hails Pakistan support for Kashmir cause

Senior leader of the All Parties Hurriyet Conference (APHC) in occupied Kashmir Shabbir Ahmed Shah has said that the government and people of Pakistan have been providing political, moral and diplomatic support to the depressed Kashmiris in their struggle
Published 24 Mar, 2012 12:00am
All set to initiate annual wheat procurement drive by mid-April

All set to initiate annual wheat procurement drive by mid-April

Punjab Food Department and Pakistan Agricultural Storage and Services Corporation (Passco) are all set to initiate annual wheat procurement drive by mid of next month and at present awaiting the procurement targets and support price. Both the federal and
Published 24 Mar, 2012 12:00am
PML-N marching forward with sincerity: Shahbaz

PML-N marching forward with sincerity: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that public welfare projects worth billions of rupees are an important step towards a prosperous Pakistan and there is no role of any 10 per cent in these projects. He said that we are marching forwar
Published 24 Mar, 2012 12:00am
Police chief in 'Stand Your Ground' killing steps down

Police chief in 'Stand Your Ground' killing steps down

A local police chief and a Florida state prosecutor overseeing the case of an unarmed black teenager shot dead by a neighbourhood watch captain stepped aside on Thursday following withering criticism and national outrage that police have declined to arres
Published 24 Mar, 2012 12:00am
Yawning gap in supply and demand

Yawning gap in supply and demand

Power shortage has become acute again with a daily shortfall of over 5400 MW or able to meet only 65 percent of demand accounting for loadshedding of between 12 to 13 hours in villages and around 7 to 8 hours in cities. To add insult to injury, the day
Published 24 Mar, 2012 12:00am
PCNS recommendations

PCNS recommendations

Foreign policy formulation is essentially a responsibility of the government. That it should, by and large, reflect the ethos of the nation as articulated by the parliament helps in its implementation. But in this case, the PPP-led government passed th
Published 24 Mar, 2012 12:00am
Closing of the Pakistani mind

Closing of the Pakistani mind

We as Pakistani think in black and white and that is in terms of absolutes never bother to move away from abstractions. Abstractions of a very basic kind for we are also capable of monstrosities. Name calling at which Punjab seems to be a master at the mo
Published 24 Mar, 2012 12:00am
Populist labour laws - I

Populist labour laws - I

Arthur Schopenhauer, 19th Century German Philosopher has remarked: "All truth passes through three stages. First it is ridiculed. Second it is violently opposed. Third it is accepted as being self-evident." Promulgation and handling of Labour Law during t
Published 24 Mar, 2012 12:00am
Inflation: limitations of monetary policy

Inflation: limitations of monetary policy

Inflation which is a kind of regressive taxation, points to a situation in which "too much money chases too few goods". This is the result of the operation of the demand-pull theory of inflation - when aggregate demand exceeds aggregate supply. Inflation
Published 24 Mar, 2012 12:00am
Medicines sans prescription - a risky trend

Medicines sans prescription - a risky trend

The deaths of 132 cardiac patients in Punjab due to spurious medicines is a tragedy that should not repeat itself ever. In our country, medicines are sold without obtaining an authentic prescription issued by a qualified doctor. Anybody can go to a pharma
Published 24 Mar, 2012 12:00am
Habib Metropolitan Bank refreshes brand identity

Habib Metropolitan Bank refreshes brand identity

Habib Metropolitan Bank Limited, a subsidiary of Habib Bank AG Zurich, is launching its refreshed brand identity. The refreshed brand identity is made most prominent with its new, retail-friendly nomenclature, HabibMetro - an abbreviation of the bank's le
Published 24 Mar, 2012 12:00am
EDB initiates exercise towards budget proposals

EDB initiates exercise towards budget proposals

Engineering Development Board (EDB) has constituted six sectoral committees and assigned them the task of examining the proposals relating to their respective sectors, as are received from the industry, various trade bodies and business houses. The EDB ha
Published 24 Mar, 2012 12:00am
EDB initiates exercise towards budget proposals

EDB initiates exercise towards budget proposals

Engineering Development Board (EDB) has constituted six sectoral committees and assigned them the task of examining the proposals relating to their respective sectors, as are received from the industry, various trade bodies and business houses. The EDB ha
Published 24 Mar, 2012 12:00am
Indus Motor holds Suppliers Convention

Indus Motor holds Suppliers Convention

"Auto vendors and suppliers should continue lending their excellent support to the local auto industry and work together as a team to meet the growing demand of Pakistani market." These views were expressed by Indus Motor Company (IMC) CEO Parvez Ghias at
Published 24 Mar, 2012 12:00am
Corps Commander confers military awards

Corps Commander confers military awards

Corps Commander Lieutenant General Mohammad Ijaz Chaudhry on Friday conferred awards upon various military officers and shuhadas (martyrs) in a simple but graceful ceremony held at Corps Auditorium in connection with Pakistan Day. A large number of servin
Published 24 Mar, 2012 12:00am
Sindh chief minister, Governor visit Quaid's mausoleum

Sindh chief minister, Governor visit Quaid's mausoleum

Sindh Governor Dr Ishrat-ul-Ebad Khan and Chief Minister Syed Qaim Ali Shah along with members of the provincial cabinet visited the mausoleum of Quaid-e-Azam Muhammad Ali Jinnah to pay homage to the father of the nation on the eve of Pakistan Day. They l
Published 24 Mar, 2012 12:00am
Seventh anniversary of Aaj News celebrated

Seventh anniversary of Aaj News celebrated

Comm-issioner Mirpurkhas, Ghulam Hussain Memon, has said that Aaj News has emerged a leading news channel due to its authentic, trusted and wide news coverage and breaking news. This he said while speaking at a cake-cutting ceremony to mark the 7th
Published 24 Mar, 2012 12:00am
Cash, cellphone theft: Governor takes notice

Cash, cellphone theft: Governor takes notice

Sindh Governor, Dr Ishratul Ibad has taken strict notice of reports about the cash and cellphones snatching from people at Sharea Faisal, Gulistan-e-Johar and some other areas of the metropolis on Friday. Taking immediate notice of such reports, the Gover
Published 24 Mar, 2012 12:00am
PML-N invites applications for PP-194 by-polls

PML-N invites applications for PP-194 by-polls

Pakistan Muslim League-Nawaz (PML-N) has invited applications for party ticket for bye-election in PP-194 Multan. These applications can be submitted from March 23 to 25 at Provincial Secretariat of Muslim League-N, 52 B, New Muslim Town Lahore. Provincia
Published 24 Mar, 2012 12:00am
SIUT, Comstech organise workshop on human genetics

SIUT, Comstech organise workshop on human genetics

The importance of human genetics as a subject of vital importance for the progress and betterment of mankind was stressed at a workshop on bioinformatics jointly organised by Sindh Institute of Urology and Transplantation (SIUT) and Comstech here on Thurs
Published 24 Mar, 2012 12:00am
Rickshaw drivers protest against traffic police

Rickshaw drivers protest against traffic police

Hundreds of rickshaw drivers on Friday staged a demonstration at Chowk Kutchehry to protest against the high handedness of the traffic police and 100 percent increase in the fine. A rickshaw driver attempted to self-immolation but people of the area foile
Published 24 Mar, 2012 12:00am
Pakistan Day celebrated in Punjab with national zeal

Pakistan Day celebrated in Punjab with national zeal

Pakistan Day was celebrated with national zeal and fervour throughout the province of Punjab like other parts of the country on Friday. National flag was hoisted on all public and private buildings and thanksgiving prayers were offered in mosques for stab
Published 24 Mar, 2012 12:00am
Multan celebrates Pakistan Day

Multan celebrates Pakistan Day

Pakistan Day has been celebrated on Friday with traditional zeal and enthusiasm to commemorate the passage of the Lahore Resolution, later called the Pakistan Resolution, which eventually led to the creation of Pakistan.
Published 24 Mar, 2012 12:00am
Pakistan Day celebrated in Quetta

Pakistan Day celebrated in Quetta

The Pakistan Day was celebrated in the provincial capital and other parts of Balochistan with traditional zeal and enthusiasm on Friday to commemorate the passage of the Pakistan Resolution.
Published 24 Mar, 2012 12:00am
PCDMA to hold exposition from June 15

PCDMA to hold exposition from June 15

Pakistan Chemical and Dyes Merchants Association (PCDMA) Chairman Najamuddin Chughtai announced on Friday that the association would hold 'Chem and Dye Tech Expo' at the Karachi Expo Centre from June 15-17, 2012. He announced this while addressing a press
Published 24 Mar, 2012 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose 1 percent on Friday, on track for its biggest one-day gain in almost a month, as higher crude oil prices and a sharp drop in the dollar prompted investors to cover short positions after a sell-off earlier in the week. Bullion is set for its firs
Published 24 Mar, 2012 12:00am
US MIDDAY: copper jumps

US MIDDAY: copper jumps

In New York, the May COMEX contract climbed 4.30 cents or 1.1 percent to settle at $3.8085 per lb on Friday, after dealing between $3.7625 and $3.8250. Volumes remained on the lighter side, with about 52,000 lots traded in late New York business, about a
Published 24 Mar, 2012 12:00am
US MIDDAY: soya soars

US MIDDAY: soya soars

US soyabean futures rebounded on Friday as worries about drought-reduced crops in South America and early corn seeding in the US Midwest that may divert planted acres from soyabeans lifted prices 1 percent. Corn followed soyabeans higher, adding 0.6 perce
Published 24 Mar, 2012 12:00am
Gold climbs in Europe

Gold climbs in Europe

Gold climbed on Friday, helped by an advancing euro, but still looked set to end the week on a flat footing as patchy consumer demand weighed and increasing optimism about the economic outlook dampened investor appetite for the metal. Global equities drif
Published 24 Mar, 2012 12:00am
Gold little changed in Asia

Gold little changed in Asia

Gold prices were little changed on Friday and on track for their fourth-straight week of losses, after weak economic data from China and the euro zone sent bullion to a two-month low in the previous session. Spot gold was little changed at $1,645.15 an ou
Published 24 Mar, 2012 12:00am
Gold tumbles in New York

Gold tumbles in New York

Gold fell to its lowest price in more than two months on Thursday, as worries about continued contraction in manufacturing in both the eurozone and China triggered a broad sell-off. Bullion ended down 0.5 percent, but off its earlier low on some technical
Published 24 Mar, 2012 12:00am
Soft commodity futures choppy

Soft commodity futures choppy

Soft commodity futures were choppy on Friday, with arabica coffee sinking to near an 18-month low before speculator short-covering hoisted it back into positive territory. Sugar ended down and cocoa futures settled higher, with volume in New York soft com
Published 24 Mar, 2012 12:00am
Palm oil climbs

Palm oil climbs

Malaysian palm oil futures rose to a nine-month high on Friday, as an upbeat demand outlook for the edible oil supported prices and investor optimism returned after earlier fears of a slowdown in global growth and commodity demand. Palm oil fell to a nine
Published 24 Mar, 2012 12:00am
Wheat rallies

Wheat rallies

Wheat futures rose 1.6 percent at the Chicago Board of Trade on Thursday on heavy short covering after pressure from a firm dollar pushed prices to their lowest level in more than a week early in the session, traders said. "It looked like wheat was trying
Published 24 Mar, 2012 12:00am
Tokyo rubber drops

Tokyo rubber drops

Tokyo rubber futures dropped to a two-week low on Friday on stop-loss selling following weaker Chinese economic data, but prices were still backed by tight supply that lifted TOCOM prices to finish above major support at 330 yen, dealers said. The benchma
Published 24 Mar, 2012 12:00am
Oil rises on drop in Iranian crude exports

Oil rises on drop in Iranian crude exports

Oil prices rallied on Friday on news that Iranian oil exports have fallen significantly this month as tightening Western sanctions have caused some buyers to stop or scale back purchases. Iran's crude exports appear to have fallen in March by around 300,0
Published 24 Mar, 2012 12:00am
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