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Archive - 2012-03-27
European stocks close lower
Financial

European stocks close lower

LONDON: European stock markets closed lower Tuesday, falling back despite sharp overnight gains in Asia and on Wall Stre
Published 27 Mar, 2012 08:47pm
European stock turn lower
Financial

European stock turn lower

LONDON: European stock markets turned mostly lower Tuesday despite sharp overnight gains inAsia and on Wall Street as co
Published 27 Mar, 2012 08:45pm
Ivory Coast bus crash kills 40
Top News

Ivory Coast bus crash kills 40

BOUAKE: At least 40 people were killed Tuesday in northernIvory Coast when two buses collided head on, police and medics
Published 27 Mar, 2012 08:32pm
Syrian forces storm central town
Top News

Syrian forces storm central town

BEIRUT: Syrian forces backed by tanks stormed the central town of Qalaat al-Madiq and nearby villages on Wednesday after
Published 27 Mar, 2012 08:29pm
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI : On Tuesday until 12:30 P.M. , KSE-100 Index remained in a rising trend and was at 13,401.86 with a positive c
Published 27 Mar, 2012 07:41am
Tokyo bourse hits post-quake high
Top News

Tokyo bourse hits post-quake high

TOKYO: Japanese shares surged 2.36 percent on Tuesday, reaching their highest level since the country was devastated b
Published 27 Mar, 2012 06:44am
Sindh Cabinet to meet today
Pakistan

Sindh Cabinet to meet today

RECORDER REPORT KARACHI: The Sindh Cabinet will meet today at Chief Minister's House. Chief Minister Syed Qaim Ali
Published 27 Mar, 2012 05:37am
NPIH to offload 17.44pc stake in Hubco
Top News

NPIH to offload 17.44pc stake in Hubco

RECORDER REPORT KARACHI: Following the Xenel sell-off deal in October 2011, National Power International Holding (NPI
Published 27 Mar, 2012 04:44am
PDMA registers 19,490 families in Jalozai Camp

PDMA registers 19,490 families in Jalozai Camp

Provincial Disaster Management Authority (PDMA) has registered 19490 families of Bara Tehsil, Khyber Agency in Jalozai Camp displaced due to ongoing security forces operation against the militants. The new displacement of the people started after the secu
Published 27 Mar, 2012 12:00am
Sindh chief secretary for timely clearance of utility bills

Sindh chief secretary for timely clearance of utility bills

Chief Secretary Sindh, Raja Muhammad Abbas, has asked the administrative secretaries to depute a responsible officer in each department specifically to deal with the utilities bills ie KESC, KW&SB and SSGC with a view to ensure timely clearance of the bil
Published 27 Mar, 2012 12:00am
Punjab striving to achieve 88 percent literacy rate by 2015: minister

Punjab striving to achieve 88 percent literacy rate by 2015: minister

Punjab is striving hard to achieve 88 percent literacy rate till 2015 to fulfil the international commitment under Millennium Development Goals. Presiding over a literacy department meeting here on Monday, Provincial Minister for Education Mujtaba Shuja-u
Published 27 Mar, 2012 12:00am
Journalists protest against minister's inappropriate tone, demeanour

Journalists protest against minister's inappropriate tone, demeanour

Journalists covering the joint session of Parliament on Monday staged a walkout from the press gallery to protest against Finance Minister Abdul Hafeez Sheikh's inappropriate tone and demeanour to Islamabad Resident Editor of Business Recorder Anju
Published 27 Mar, 2012 12:00am
Lahore lawyers boycott courts

Lahore lawyers boycott courts

The legal fraternity observed boycott of courts on Monday on the call of Supreme Court Bar Association and Punjab Bar Council (PBC) against murder of former president Malir Bar Association. The lawyers remained away from the courts proceedings. Only few b
Published 27 Mar, 2012 12:00am
Cotton mill receives Usterized Certificate

Cotton mill receives Usterized Certificate

Francis Benoit of Uster Technologies AG Switzerland hand over the Usterized Certificate to Mian Hammad Alam Director of Alam Cotton Mills on Monday. Speaking at the certification ceremony, Benoit who had come to Pakistan especially for this purpose apprec
Published 27 Mar, 2012 12:00am
Hamza wins GCU Quiz Competition

Hamza wins GCU Quiz Competition

Government College University Lahore Political Science Department's student Aadersh Hamza on Monday crowned as "GCU Mastermind 2012" for winning the intra-university Mastermind Quiz Competition organised by the Ravians Quiz Society.
Published 27 Mar, 2012 12:00am
Acid thrown on woman in Multan

Acid thrown on woman in Multan

A woman received burn injuries, when her husband threw acid on her after exchange of hot words over some domestic issue here on Monday. According to police, Shama, mother of four and resident of Bararan Pul exchanged hot words with his husband, Maqsood. F
Published 27 Mar, 2012 12:00am
Pakistan's development: ADB report belies government's claim

Pakistan's development: ADB report belies government's claim

Expressing grave concern over plight of the countrymen, Chairman Jeway Pakistan Jeway Muqami Hakumat Danyal Aziz said on Monday that the government had failed to address the grievances of the masses. Commenting on the report of Asian Development Bank (ADB
Published 27 Mar, 2012 12:00am
Insider trading

Insider trading

Mature democracies are extremely tough in dealing with the evil of insider trading in their stock exchanges these days and try every method to check this reprehensible practice in order to boost the confidence of ordinary investors by ensuring transparenc
Published 27 Mar, 2012 12:00am
PCNS recommendations

PCNS recommendations

Whatever little hope had emerged from the unanimously proposed guidelines for future engagement with the United States by the Parliamentary Committee on National Security (PCNS) seems to be evaporating. The developments over the weekend, both in Pakistan
Published 27 Mar, 2012 12:00am
World isn't quite insane

World isn't quite insane

In the ongoing extended contempt of court proceedings against the Prime Minister, Barrister Aitzaz Ahsan has, seemingly, exhausted his stock of logic; he now insists that, all together, fifteen of the seventeen honourable judges of the Supreme Court are n
Published 27 Mar, 2012 12:00am
Unity among Muslim states

Unity among Muslim states

Through these lines, I am going to invite the attention of all heads of Muslim States, Statesmen, Intellectuals, Journalists and especially think tanks to the problem of disorder, disunity and the threat of terrorism to most of the Muslim States. In this
Published 27 Mar, 2012 12:00am
Necessity of vitamins

Necessity of vitamins

From the very beginning of our childhood we have learnt about vitamins and its essentiality. And also we have heard a million times from mother what is the necessity to eating healthy foods. We find vitamins in lots of fresh green vegetables, meats, cod l
Published 27 Mar, 2012 12:00am
Enters disciple

Enters disciple

Prime Minister Gilani's newest disciple seems to be under a delusionary and hypnotic spell, cast by a dangling Senate seat, swinging before his eyes, overwhelmed by associated perks, privileges and perhaps promise of either a ministerial or a rewarding co
Published 27 Mar, 2012 12:00am
801 industrial units closed down in Sindh in six years

801 industrial units closed down in Sindh in six years

Due to deteriorating law and order situation, energy crisis and some other reasons, 801 industrial units of various sectors have been closed in Sindh during last six financial years resulting more than 13,000 labourers became jobless, it is learnt on Mond
Published 27 Mar, 2012 12:00am
JTI for provision of educational facilities in Fata

JTI for provision of educational facilities in Fata

Jamiat Talba Islam, a student wing of (JUI-F) has expressed grave concern over lack of educational facilities in the Fata regions and demanded of the government to take pragmatic steps for brining Fata at par with other developed areas of the country. Spe
Published 27 Mar, 2012 12:00am
Harvard student wins Pakistani fellowship for research work

Harvard student wins Pakistani fellowship for research work

A doctoral student at Harvard University will undertake research work in Pakistan under a fellowship recently established to honour the memory of a scholar of Pakistani origin, the University announced in Boston on Monday. The announcement made by the Uni
Published 27 Mar, 2012 12:00am
Sindh Cabinet to meet today

Sindh Cabinet to meet today

The Sindh Cabinet will meet today at Chief Minister's House. Chief Minister Syed Qaim Ali Shah will chair this session. Almost all cabinet members are expected to attend the meeting.
Published 27 Mar, 2012 12:00am
Inexpensive, quick conflict resolution is our prime job: FTO

Inexpensive, quick conflict resolution is our prime job: FTO

Federal Tax Ombudsman (FTO) Dr Muhammad Shoaib Suddle said here on Monday that the major role of the tax ombudsmen across the glob is to provide an informal, inexpensive and quick conflict resolution mechanism particularly in tax-related matters and tax d
Published 27 Mar, 2012 12:00am
Ten more trains to run through public-private partnership

Ten more trains to run through public-private partnership

After successful experience of Business Express, Pakistan Railways is heading towards running ten more trains through public-private partnership (PPP) between Lahore and Rawalpindi. "Initially, we have invited the interested parties to submit bids to run
Published 27 Mar, 2012 12:00am
Musician Inayat Hussain remembered

Musician Inayat Hussain remembered

Famous music director Master Inayat Hussain was being remembered on his 19th death anniversary who passed away on March 26, 1993. He composed unforgettable film songs in almost four-decade long film career. Master Inayat Hussain was a legendry music direc
Published 27 Mar, 2012 12:00am
Sindh Information Department's video service soon

Sindh Information Department's video service soon

The Sindh Information Department will soon initiate its own video service. This was stated by the Sindh Minister for Information, Shazia Marri. She was presiding over a meeting of the department's officers here on Monday. It was informed that the departme
Published 27 Mar, 2012 12:00am
Clarification

Clarification

Chairman PSMA Javed Kayani has also strongly lamented a news item "sugar price increase by 5-6 per kg" which appeared in Business Recorder and termed it contrary to facts. He said price of sugar during the crushing season always remains at the lowe
Published 27 Mar, 2012 12:00am
Three gangs of dacoits busted, nine outlaws held

Three gangs of dacoits busted, nine outlaws held

The Crime Investigation Agency (CIA) and Operational Wing of Capital Police have busted three gangs of dacoits and also arrested nine outlaws besides recovering looted items worth three million rupees. CIA In-charge Bahsir Ahmed Noon constituted special t
Published 27 Mar, 2012 12:00am
Supreme Court sends two Hindu girls to shelter home in Karachi

Supreme Court sends two Hindu girls to shelter home in Karachi

The Supreme Court on Monday sent two Hindu girls to a shelter home in Karachi for three weeks, allegedly converted to Islam forcibly so that they could make up their mind with whom they wanted to go. Dr Lata Kumari and Rinkle Kumari - two Hindu girls appe
Published 27 Mar, 2012 12:00am
Lawyers boycott courts to protest against killings

Lawyers boycott courts to protest against killings

Sindh High Court Bar Association (SHCBA) on Monday strongly condemned the killings of two lawyers in the city and demanded for convening Ulema conference of all schools of thoughts to disseminate peace message to the followers. On the call of Sindh Bar Co
Published 27 Mar, 2012 12:00am
KESC disconnects power supply to Directorate of Colleges

KESC disconnects power supply to Directorate of Colleges

The Karachi Electric Supply Company (KESC) disconnected electricity connection of Directorate of Colleges, Karachi due to non-payment of electricity bills. Sources in Education department told Business Recorder that the KESC had sent a notice to co
Published 27 Mar, 2012 12:00am
Government asked to solve energy crisis in 72 hours

Government asked to solve energy crisis in 72 hours

President Anjuman-Tajiran Pakistan, Ashraf Bhatti has announced a civil-disobedience movement if power situation will not improve in 72 hours. He was addressing a press conference along with the trader leaders at Lahore Press Club on Monday. He also annou
Published 27 Mar, 2012 12:00am
'Unscheduled outages to end soon in Gujranwala'

'Unscheduled outages to end soon in Gujranwala'

The unscheduled loadshedding in Gujranwala Electric Power Company (GEPCO) area will end on Tuesday (today) after improvement in power generation, GEPCO Chief Engineer Zakkiuddin said on Monday. He was talking to President Gujranwala Chamber of Commerce an
Published 27 Mar, 2012 12:00am
Triple murder case: LHC adjourns hearing till April 6

Triple murder case: LHC adjourns hearing till April 6

The Lahore High Court (LHC) on Monday while hearing a bail petition of an accused involved in a triple murder case remarked that the courts were not handicapped and could get their orders implemented and could send the delinquent policemen behind bars. Du
Published 27 Mar, 2012 12:00am
Power outages: LCCI holds out 48-hour ultimatum

Power outages: LCCI holds out 48-hour ultimatum

Lahore Chamber of Commerce and Industry (LCCI) has given 48-hour ultimatum to government to end over 13 hours power outages otherwise a series of protests would be launched and the government would be responsible for the consequences. LCCI President, Irfa
Published 27 Mar, 2012 12:00am
Prolonged outages paralyse business activities in Faisalabad

Prolonged outages paralyse business activities in Faisalabad

Hundreds of people including factory workers, daily wagers, labourers and shopkeepers on Monday staged protest demonstrations against prolonged load shedding of 20 hours in round the clock in industrial city. Outages paralysed life in city area, halting b
Published 27 Mar, 2012 12:00am
Textile industry mulling replacing CPPs with solar energy

Textile industry mulling replacing CPPs with solar energy

Textile industry is thinking seriously of opting for replacing Captive Power Plants (CPPs) with solar energy and feasibilities are under consideration to invest in near future. Reliable sources said power generation through solar is bit expensive comparin
Published 27 Mar, 2012 12:00am
'Protest against outages is legal right of people'

'Protest against outages is legal right of people'

Punjab Chief Minister Shahbaz Sharif has said that protest against suspension of power and gas supply is legal right of the people of Punjab but they will not be allowed to take law in their own hands. He also said 20 hours of loadshedding daily had destr
Published 27 Mar, 2012 12:00am
Liaquat Jatoi joins PML-N

Liaquat Jatoi joins PML-N

Sindh former chief minister and senior politician Liaquat Jatoi on Monday joined Pakistan Muslim League-Nawaz (PML-N). Addressing a rally in Dadu district of Sindh on Monday, he criticised Pakistan People's Party (PPP) for what he said it was reluctance t
Published 27 Mar, 2012 12:00am
Marium distributes laptops among students

Marium distributes laptops among students

Central leader of Pakistan Muslim League (N) Marium Nawaz Sharif has said that Punjab government is strictly working on merit and promoting the talent in the education field for the betterment of this sector. She was speaking on the occasion of laptop dis
Published 27 Mar, 2012 12:00am
Man killed during protest against power cuts

Man killed during protest against power cuts

A man was killed during protest in Daroghawala against prolonged power cuts. People were protesting against power outages when some of them set ablaze a filling station. Guards at the station opened firing on the protesters, killing one of them on the spo
Published 27 Mar, 2012 12:00am
Federal government victimising people of Punjab: Shahbaz

Federal government victimising people of Punjab: Shahbaz

Punjab Chief Minister Shahbaz Sharif has strongly criticised the federal government for victimising people of the Punjab and creating electricity and gas crisis deliberately. Talking to the local industrialists, traders and businessmen on Monday at Senate
Published 27 Mar, 2012 12:00am
Punjab can deal with possible outbreak of dengue: chief minister

Punjab can deal with possible outbreak of dengue: chief minister

Punjab Chief Minister Shahbaz Sharif said on Monday that Punjab had tremendous resources, technical skill and experience to deal with any possible outbreak of dengue virus. He expressed these views while presiding over a meeting held on Monday with regard
Published 27 Mar, 2012 12:00am
'Prosperity of farmers is our mission'

'Prosperity of farmers is our mission'

Federal Minister for Industries and Defence Production Chaudhry Parvez Elahi said on Monday that the Punjab government's mission was to make farmers prosperous. He was talking to a delegation of All Pakistan Agricultural Industry, led by Chairman Foundry
Published 27 Mar, 2012 12:00am
Turkish parliamentarian visits UET

Turkish parliamentarian visits UET

Turkish Parliamentarian, Burhan Kayaturk along with his wife, visited the University of Engineering and Technology (UET), Lahore. Vice-Chancellor Lieutenant General Muhammad Akram Khan (Rtd) briefed him about the university various departments and researc
Published 27 Mar, 2012 12:00am
PCGA convenes conference to discuss problems of growers, ginners

PCGA convenes conference to discuss problems of growers, ginners

Pakistan Cotton Ginners Association (PCGA) has announced to convene a national conference to discus the cotton crisis, exploitation of growers and ginners at the hands of textile millers, who caused the loss of Rs 225 billion to agriculture sector. Prime
Published 27 Mar, 2012 12:00am
Drug trafficking: Zardari urges regional leaders to join hands

Drug trafficking: Zardari urges regional leaders to join hands

President Asif Ali Zardari on Monday urged the regional leaders to join hands in countering narco-trafficking, a major source of funding for militancy and terrorism. Talking separately to Afghan President Hamid Karzai and Iranian President Mahmoud Ahmedin
Published 27 Mar, 2012 12:00am
Asean's Full Dialogue Partner status: Indonesia vows support to Pakistan

Asean's Full Dialogue Partner status: Indonesia vows support to Pakistan

Indonesian President Susilo Bambang Yudhoyono on Monday assured Pakistan that it will discuss with all the members of the ASEAN to give Full Dialogue Partner status to Pakistan. During a meeting with Prime Minister Syed Yousuf Raza Gilani on the sidelines
Published 27 Mar, 2012 12:00am
Khyber Pakhtunkhwa government to extend milk, meat improvement project

Khyber Pakhtunkhwa government to extend milk, meat improvement project

The project for improvement of Milk and Meat (PIMM) would be extended till next year after substantial growth in livestock and dairy products in the Khyber Pakhtunkhwa, said that the provincial Minister for Livestock & Dairy Development, Hidayatullah Khan
Published 27 Mar, 2012 12:00am
Court premises: SSP operations directed to deploy more force

Court premises: SSP operations directed to deploy more force

The Lahore High Court on Monday directed SSP Operations Lahore to ensure strict security of the court premises by deploying further force. The court issued these directions in the wake of scuffles frequently occurred in the court premises between litigant
Published 27 Mar, 2012 12:00am
South-South cooperation need of the hour: Zardari

South-South cooperation need of the hour: Zardari

President Asif Ali Zardari on Monday said Pakistan having excellent political relations with Tajikistan, Afghanistan, Iran and other nations of the region, was working strenuously to further increase its economic relations, tourism and people-to-people co
Published 27 Mar, 2012 12:00am
Khyber Pakhtunkhwa gets new Commerce, Irrigation ministers

Khyber Pakhtunkhwa gets new Commerce, Irrigation ministers

Khyber Pakhtunkhwa Chief Minister Ameer Haider Khan Hoti has allocated the portfolio of Industries and Commerce to the newly inducted Provincial Minister Samiullah Khan Alizai, while Syed Ahmad Hussein Shah has been given the portfolio of Irrigation. Sami
Published 27 Mar, 2012 12:00am
Flour millers oppose proposed fuel adjustment surcharge

Flour millers oppose proposed fuel adjustment surcharge

Pakistan Flour Mills Association (PFMA), North Zone, Chairman, Abdul Jabbar Chaudhry, has demanded the federal government to immediately withdraw fuel adjustment surcharge from electricity bills of the flour milling industry, otherwise millers would be co
Published 27 Mar, 2012 12:00am
Jamaat-i-Islami hails Moosa's outstanding success

Jamaat-i-Islami hails Moosa's outstanding success

Jamaat-i-Islami, Ameer, Syed Munawar Hasan has expressed his joy over outstanding success of Pakistani students Moosa Feeroz in Online Mathematics' International Competition. He congratulated the teachers and parents and the nation for their outstanding p
Published 27 Mar, 2012 12:00am
Attack on Mushaira: seen suspects held

Attack on Mushaira: seen suspects held

The Law Enforcement Agencies (LEAs) claimed to have arrested seven suspects in a crackdown on Monday, who were allegedly involved in an attack on the 'Aalmi Mushaira' organised by Muttaheda Qaumi Movement (MQM) the other day. The LEAs conducted raids at S
Published 27 Mar, 2012 12:00am
ICAP to hold CFO conferences at Karachi, Islamabad

ICAP to hold CFO conferences at Karachi, Islamabad

The Institute of Chartered Accountants of Pakistan (ICAP) is organising two CFO conferences in Karachi and Islamabad on March 28 and April 2, respectively, with the theme "CFOs - Driving Sustainable Organisational Success". Professor Dr Ashfaque Hasan Kha
Published 27 Mar, 2012 12:00am
MoU between Forest department and Merlyn Woods rejected

MoU between Forest department and Merlyn Woods rejected

Sarhad Awami Forestry Ittehad (SAFI), an alliance of private forests' stakeholders of Malakand and Hazara divisions, has unanimously rejected the signing of the memorandum of understanding (MoU) between Forest Department of Khyber Pakhtunkhwa and Merlyn W
Published 27 Mar, 2012 12:00am
Siemens Pakistan holds seminars on Smart Grid at LUMS, NTDC

Siemens Pakistan holds seminars on Smart Grid at LUMS, NTDC

Siemens Pakistan in its ongoing campaign to offer solutions to the energy needs of the country organised two important seminars. The first was organised by Lahore University of Management Sciences (LUMS) Faculty of Electrical and Electronics Engineering,
Published 27 Mar, 2012 12:00am
Apex court to ensure regularisation of jobs: LHWs told

Apex court to ensure regularisation of jobs: LHWs told

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry, while talking to the representatives of protesting Lady Health Workers (LHWs) on Monday, assured them that the apex court would ensure regularisation of their jobs. Qamar-uz-Zaman Kaira, Secretary Info
Published 27 Mar, 2012 12:00am
JS Bank, JS Investments join hands for distribution partnership

JS Bank, JS Investments join hands for distribution partnership

JS Bank has joined hands with JS Investments for a dedicated distribution partnership where JS Investments' mutual funds will be available at selected branches of JS Bank across the country. According to a press release issued here on Monday, this arrange
Published 27 Mar, 2012 12:00am
JS Bank, JS Investments join hands for distribution partnership

JS Bank, JS Investments join hands for distribution partnership

JS Bank has joined hands with JS Investments for a dedicated distribution partnership where JS Investments' mutual funds will be available at selected branches of JS Bank across the country. According to a press release issued here on Monday, this arrange
Published 27 Mar, 2012 12:00am
'Hamara Karachi festival is highlighting city's customs'

'Hamara Karachi festival is highlighting city's customs'

Administrator KMC Muhammad Hussain has said a number of programmes of "Hamara Karachi" Festival have been organised to highlight the old culture and customs of Karachi and bring the correct image of the city before the people. He expressed these views whi
Published 27 Mar, 2012 12:00am
Traffic jams irk businessmen in Site areas

Traffic jams irk businessmen in Site areas

Industrialists have expressed serious concern over increasing traffic congestion in site industrial areas particularly in peak hours and urged Inspector General of police to take appropriate measures to keep traffic moving smoothly. Almost daily, the traf
Published 27 Mar, 2012 12:00am
Placement Plan for unemployed youth being implemented: Qaim

Placement Plan for unemployed youth being implemented: Qaim

Chief Minister, Sindh, Syed Qaim Ali Shah, has said that a comprehensive "Placement Plan" for unemployed youth being implemented by the PPP government to provide income and employment opportunities to youngsters. The Chief Minister informed this while spe
Published 27 Mar, 2012 12:00am
KESC concerned over increasing theft of EHT cables

KESC concerned over increasing theft of EHT cables

Karachi Electric Supply Company (KESC) has expressed concern over increasing the extra high tension (EHT) precious cables theft incidents from the power transmission network. Last week in rampage, the disruptive elements opening gun fire upon a KESC secur
Published 27 Mar, 2012 12:00am
Seminar

Seminar

Jamaat-i-Islami Pakistan of Women and Family Commission is organising a seminar on "Current changing waves and Muslim women" at Mansoora on Tuesday. JI spokesman said the seminar was being organised in connection with World's Women Day and Pakistan Day. S
Published 27 Mar, 2012 12:00am
Karachi University faculty irked by 'Do not reply' policy

Karachi University faculty irked by 'Do not reply' policy

The 'Do Not Reply' policy at Karachi University is creating impediments in official matters and causing disenchantment among the teaching faculty and other employees, Business Recorder has learnt. Sources said higher authorities don't respond the l
Published 27 Mar, 2012 12:00am
Fee for CDC's SMS alerts waived

Fee for CDC's SMS alerts waived

As part of its mandate to provide for increased investor protection and nurture a more informed and vigilant investors' community, the Securities and Exchange Commission of Pakistan (SECP) has approved the waiver of monthly subscription fee for short mess
Published 27 Mar, 2012 12:00am
Action against banned fishing nets demanded

Action against banned fishing nets demanded

Fishermen of Karachi fish harbour on Monday expressed concerns over the perilous condition of marine species in 1200 creeks on the province coastal belt because of excessive use of banned fishing nets. "The government should take a stern action against th
Published 27 Mar, 2012 12:00am
MDA official stabbed to death in jail

MDA official stabbed to death in jail

An official of Malir Development Authority (MDA), was stabbed to death allegedly by his inmate, here at the Central Jail on early Monday. According to police sources, two prisoners namely Bisharat Hussain and Mohammad Ahmed engaged in a scuffle over some
Published 27 Mar, 2012 12:00am
Highnoon Laboratories Limited declares Rs 2.945 billion revenue

Highnoon Laboratories Limited declares Rs 2.945 billion revenue

The Board of Directors of Highnoon Laboratories Limited, in its meeting on March 22, recommended paying cash dividend of Rs 3.00 per share to the shareholders for the year ended 31 December 2011. Company's Chairman Tausif Ahmad Khan informed the members o
Published 27 Mar, 2012 12:00am
Highnoon Laboratories Limited declares Rs 2.945 billion revenue

Highnoon Laboratories Limited declares Rs 2.945 billion revenue

The Board of Directors of Highnoon Laboratories Limited, in its meeting on March 22, recommended paying cash dividend of Rs 3.00 per share to the shareholders for the year ended 31 December 2011. Company's Chairman Tausif Ahmad Khan informed the members o
Published 27 Mar, 2012 12:00am
Abu Dhabi Group's Chairman reinforces commitment to Pakistan

Abu Dhabi Group's Chairman reinforces commitment to Pakistan

Sheikh Nahayan Bin Mabarak Al-Nahayan, Chairman, Abu Dhabi Group met with senior government officials and dignitaries and members of the Abu Dhabi Group of Companies in Pakistan on his recent visit to Lahore. The visit was intended to reinforce the Group'
Published 27 Mar, 2012 12:00am
International Mushaira to mark HCCI golden jubilee on March 29

International Mushaira to mark HCCI golden jubilee on March 29

The Hyderabad Chamber of Commerce and Industry (HCCI) will organise an international Mushaira to celebrate its golden jubilee on March 29. Addressing a press conference here on Monday, HCCI Senior Vice President Turab Ali Khwaja and Chairman Mushaira Comm
Published 27 Mar, 2012 12:00am
US MIDDAY: Gold jumps

US MIDDAY: Gold jumps

Gold rose about 1.5 percent in heavy trading on Monday, on track for its biggest one-day gain in a month as renewed hopes for further US monetary easing fuelled bullion buying as a hedge against long-term inflation and economic uncertainty.
Published 27 Mar, 2012 12:00am
US MIDDAY: Copper surges

US MIDDAY: Copper surges

Copper started the new week on solid footing on Monday, rallying by its most in more than two weeks as the dollar weakened after remarks from Federal Reserve Chairman Ben Bernanke reaffirmed the US central bank's accommodative monetary stance. In New York
Published 27 Mar, 2012 12:00am
US MIDDAY: soya jumps

US MIDDAY: soya jumps

US soyabean futures soared to a six-month high on Monday as diminishing crop prospects in Brazil, projected to be the top exporter of the oilseed, helped fuel investors' appetite. Soyabeans for May delivery traded up 19-1/2 cents, or 1.4 percent, at $13.8
Published 27 Mar, 2012 12:00am
Gold soars in Europe

Gold soars in Europe

Gold prices rose 1 percent on Monday after comments from US Federal Reserve Chairman Ben Bernanke that faster growth will be needed to boost employment supported expectations that further quantitative easing measures may be necessary.
Published 27 Mar, 2012 12:00am
Gold pauses in Asia

Gold pauses in Asia

Gold prices took a breather on Monday after a more than 1 percent rise in the previous session, as investors closely watched oil and currency markets for further trading cues. Spot gold was little changed at $1,662.29 an ounce by 0629 GMT, after hitting a
Published 27 Mar, 2012 12:00am
Sugar slides three percent after India okays more exports

Sugar slides three percent after India okays more exports

Sugar futures fell more than 3 percent on Monday after a widely expected decision by India to approve a further 1 million tonnes of exports of the sweetener, but the rest of the softs complex dawdled due mainly to a dearth of leads. Cocoa futures crawled
Published 27 Mar, 2012 12:00am
Malaysian palm futures hit one-year high

Malaysian palm futures hit one-year high

Malaysian palm oil futures extended gains to a one-year high on Monday as strong exports data and drought woes in soy-producing South America boosted investor sentiment. Agriculture markets, including palm oil, are set to face choppy trade ahead of the US
Published 27 Mar, 2012 12:00am
Tokyo rubber rises

Tokyo rubber rises

Tokyo rubber futures edged higher on Monday, supported by tight supplies on the physical front and as Shanghai rubber inventories were falling, but weaker oil prices limited the rise, dealers said. The benchmark rubber contract on the Tokyo Commodity Exch
Published 27 Mar, 2012 12:00am
New York cotton closes near three-week top

New York cotton closes near three-week top

Cotton futures finished Monday at a three-week high on chart-based speculative buying plus possible consumer buying and the market could continue higher, analysts said. The benchmark May contract on ICE Futures US rose 1.28 cents, or 1.43 percent, to end
Published 27 Mar, 2012 12:00am
Brent, US crude up

Brent, US crude up

Oil rose on Monday as comments from US Federal Reserve Chairman Ben Bernanke reinforced expectations that interest rates will be kept low. Those comments bolstered markets and weakened the dollar. Bernanke said accommodative monetary policy would support
Published 27 Mar, 2012 12:00am
Copper moves higher

Copper moves higher

Copper rose on Monday as the dollar fell on expectations Federal Reserve policy will continue to support growth and as sentiment towards risky assets picked up in the wider markets, but gains were capped by concern over demand growth in top metal consumer
Published 27 Mar, 2012 12:00am
Shanghai copper gains

Shanghai copper gains

The most-traded June copper contract on the Shanghai Futures Exchange rose by 0.25 percent to 60,180 yuan ($9,500) a tonne on Monday. "Copper was up more than one percent on Friday, we would also expect a similar performance across other base metals this
Published 27 Mar, 2012 12:00am
Shooter apparently not part of network: Sarkozy

Shooter apparently not part of network: Sarkozy

President Nicolas Sarkozy said Monday that a radical Frenchman who claimed to have gunned down Jewish children and paratroopers apparently was not part of a terrorist network, painting the violence as an isolated attack by an unhinged "monster."
Published 27 Mar, 2012 12:00am
Shots fired near US Embassy in Nigeria; no injuries

Shots fired near US Embassy in Nigeria; no injuries

The US Embassy in Nigeria's capital says there were gunshots fired near its offices, though no one was injured. A statement from the embassy Monday said it "believed there were shots fired" and that police arrested two people afterward. Abuja police spoke
Published 27 Mar, 2012 12:00am
Israel cuts contact with UN rights body

Israel cuts contact with UN rights body

Israel said on Monday it has severed contact with the UN Human Rights Council after its launch last week of an international investigation into Jewish settlements in the occupied West Bank. The decision, announced by a Foreign Ministry spokesman, meant th
Published 27 Mar, 2012 12:00am
Senegal wakes to new era after Wade bows out

Senegal wakes to new era after Wade bows out

Residents of Senegal greeted the dawn of a new era on Monday following the post-election departure of long-serving leader Abdoulaye Wade, who drew widespread praise for cementing the country's reputation as West Africa's most stable democracy.
Published 27 Mar, 2012 12:00am
Afghan peace efforts doomed without UN

Afghan peace efforts doomed without UN

The West is prepared to pull out of Afghanistan without a settlement and attempts to negotiate with the Taliban are unlikely to lead to lasting peace, a respected think tank warned on Monday. In a hard-hitting report, the International Crisis Group (ICG)
Published 27 Mar, 2012 12:00am
Nato to declare missile shield without Putin: Rasmussen

Nato to declare missile shield without Putin: Rasmussen

Nato will announce the completion of the first stage of a controversial missile defence shield at a May summit that will not include Russian leader Vladimir Putin, its chief said Monday. Nato secretary general Anders Fogh Rasmussen said the Western milita
Published 27 Mar, 2012 12:00am
Somali pirates hijack Iran cargo ship in Maldives

Somali pirates hijack Iran cargo ship in Maldives

Somali pirates seized an Iranian-owned cargo ship and its 23-strong crew in the first hijacking within Maldivian territory, a senior security official said. The vessel identified as MV. Eglantine, had been seized off the north-western Hoarafush island in
Published 27 Mar, 2012 12:00am
Military helicopter crashes off Taiwan

Military helicopter crashes off Taiwan

Five members of Taiwan's air force were missing Monday after a military helicopter plunged into high seas during a humanitarian mission, the defence ministry said. The helicopter had six crewmen on board when it plummeted into deep waters but one was succ
Published 27 Mar, 2012 12:00am
British Prime Minister admits hosting wealthy party donors

British Prime Minister admits hosting wealthy party donors

Britain's David Cameron admitted on Monday to hosting donors to his Conservative party at his official residence, the day after a top party official quit for trying to sell access to the premier. In an abrupt U-turn Cameron published details of three dinn
Published 27 Mar, 2012 12:00am
Obama vows to pursue further nuclear cuts with Russia

Obama vows to pursue further nuclear cuts with Russia

US President Barack Obama vowed on Monday to pursue further nuclear arms cuts with Russia, urged China to follow suit and issued stern warnings to North Korea and Iran in their nuclear stand-offs with the West. Acknowledging the United States has more war
Published 27 Mar, 2012 12:00am
Tallinn to make public transport free

Tallinn to make public transport free

Estonia's capital Tallinn said Monday it will become the first European capital with free public transport, but critics slammed the move as a politically motivated waste of money. City authorities said public transport will be free from January 1, 2013, a
Published 27 Mar, 2012 12:00am
Angry Malians protest against military junta

Angry Malians protest against military junta

Malians marched in Bamako Monday to protest against the junta while Tuareg rebels threatened to capture a key northern city, piling political and military pressure on the coup leaders. More than 1,000 people gathered in front of the stock exchange for a r
Published 27 Mar, 2012 12:00am
Prison for Japan executive in US price fix case

Prison for Japan executive in US price fix case

A Japanese businessman has been sentenced to a year in prison and fined $20,000 for his role in scheme to fix the prices of heater control panels installed in US cars, officials in Washington said Monday. Businessman Norihiro Imai pleaded guilty at a fede
Published 27 Mar, 2012 12:00am
US pitches India infrastructure push, warns on trade

US pitches India infrastructure push, warns on trade

Commerce Secretary John Bryson on Monday pitched for US companies to participate in India's massive private sector-driven push in building infrastructure, but warned the south Asian nation's high import tariffs could hurt long-term ties. US companies shou
Published 27 Mar, 2012 12:00am
US housing market recovery hits pothole in February

US housing market recovery hits pothole in February

Contracts to purchase previously owned US homes unexpectedly fell in February, suggesting a loss of momentum in the housing market after recent signs of improvement. The National Association of Realtors said on Monday its Pending Home Sales Index, based o
Published 27 Mar, 2012 12:00am
ECB says 'essential' to wind down non-standard measures

ECB says 'essential' to wind down non-standard measures

It is essential the European Central Bank wind down its fire-fighting role in the debt crisis as soon as it can so as not to create new risks for the financial system, an ECB official said on Monday. "A timely exit from non-standard measures and a return
Published 27 Mar, 2012 12:00am
Nigeria, General Electric in power investment accord

Nigeria, General Electric in power investment accord

General Electric Co and the government of Nigeria have signed a memorandum of understanding intended to help Africa's second-largest economy to build up its power grid. Nigeria aims to develop 10 gigawatts of additional electricity-generating capacity ove
Published 27 Mar, 2012 12:00am
UK in talks to sell part of RBS stake to Abu Dhabi

UK in talks to sell part of RBS stake to Abu Dhabi

Britain is in advanced talks to sell up to a third of its holding in Royal Bank of Scotland to Abu Dhabi investors, the BBC reported on Monday. A deal near current prices could see British taxpayers lose almost half their investment as RBS shares closed a
Published 27 Mar, 2012 12:00am
Indian regulator rules against telcos over fees

Indian regulator rules against telcos over fees

India's telecoms regulator plans to recommend that carriers be denied a refund of their licence fees if they lose or surrender permits, in a further blow to companies whose licences are set to be revoked after a court order. India's Supreme Court has orde
Published 27 Mar, 2012 12:00am
Queen's bank fined

Queen's bank fined

Britain's financial watchdog on Monday handed Coutts, the private bank which counts Queen Elizabeth II as a client, an £8.75-million fine for failing to ensure it was not handling laundered money. The Financial Services Authority said it had fined the com
Published 27 Mar, 2012 12:00am
Citi names new head of India private banking

Citi names new head of India private banking

Citigroup has appointed company veteran Sameer Kaul as the head of its private banking business in India, the US bank said in a statement on Monday. Kaul, who has been with Citigroup for 17 years, replaces Tashwinder Singh, who has left the bank to join K
Published 27 Mar, 2012 12:00am
German business sentiment rises again

German business sentiment rises again

German business sentiment rose unexpectedly for the fifth month in a row in March, signalling that Europe's largest economy is proving more resilient than others to the euro zone debt crisis. The Munich-based Ifo think tank said on Monday its business cli
Published 27 Mar, 2012 12:00am
BATS sticks with Europe tech plan after IPO debacle

BATS sticks with Europe tech plan after IPO debacle

BATS Global Markets is sticking with a plan to move its Chi-X platform, Europe's largest share trading venue, to its own technology, after a software bug forced the exchange operator to take the embarrassing step of pulling its own listing last week.
Published 27 Mar, 2012 12:00am
China plans to curb capital's water usage

China plans to curb capital's water usage

Authorities in Beijing plan to pass a rule this year aimed at curbing water usage by the capital's many golf courses and ski resorts, an official said Monday, as the city battles severe shortages. The guideline also targets waterhouses - common areas wher
Published 27 Mar, 2012 12:00am
South Africa, Singapore airlines fined for price-fixing

South Africa, Singapore airlines fined for price-fixing

South African Airways and Singapore Airlines have been fined several million dollars for price-fixing on routes between Johannesburg and Hong Kong, the anti-trust authority said Monday. SAA was fined 18.8 million rands ($2.5 million, 1.9 million euros) an
Published 27 Mar, 2012 12:00am
BMW recalls 1.3 million cars worldwide

BMW recalls 1.3 million cars worldwide

German luxury carmaker BMW said on Monday it was recalling some 1.3 million cars worldwide due to battery problems that could in extreme cases result in a fire. "In order to carry out a quality measure, BMW is recalling all BMW 5 and 6 Series models of th
Published 27 Mar, 2012 12:00am
Investment banks must choose to invest or quit key areas

Investment banks must choose to invest or quit key areas

Investment banks need to make bold decisions to choose to invest in areas where they have a comparative advantage to win business or choose to exit them as the industry prepares for a big upheaval in the next year or two, a report said on Monday. Analysts
Published 27 Mar, 2012 12:00am
Bangladesh's Asia Cup objection rejected

Bangladesh's Asia Cup objection rejected

Cricket's governing body in Asia on Monday rejected a complaint from Bangladesh that one of their batsman was obstructed by a Pakistani bowler in their recent Asia Cup final defeat. The complaint was rejected on the grounds that it was not reported by on-
Published 27 Mar, 2012 12:00am
ICC discards claim

ICC discards claim

The International Cricket Council has rejected Bangladesh's claim that it was deprived of five penalty runs in its two-run loss to Pakistan in the Asia Cup final last week. Bangladesh Cricket Board claims Pakistan bowler Aizaz Cheema deliberately blocked
Published 27 Mar, 2012 12:00am
PCB says talks ongoing with other cricket boards

PCB says talks ongoing with other cricket boards

Pakistan Cricket Board chairman Zaka Ashraf said he is in talks with couple of other countries if Bangladesh's national team fails to receive government clearance to tour next month because of security concerns. "I don't want to disclose the names of the
Published 27 Mar, 2012 12:00am
Aussies level series despite Sammy heroics

Aussies level series despite Sammy heroics

West Indies' hopes of a first series win over Australia in 17 years were shattered on Sunday when the tourists clinched a 30-run victory in a thrilling fifth and final one-dayer. Chasing a victory target of 282, West Indies came agonisingly close before A
Published 27 Mar, 2012 12:00am
Tiger Woods ends 30-month title drought

Tiger Woods ends 30-month title drought

Tiger Woods snapped the longest winless drought of his career with a dominating five-shot victory over Graeme McDowell at the PGA Tour's Arnold Palmer Invitational on Sunday. It marked the first PGA Tour victory for Woods in 30 months, ending a winless sp
Published 27 Mar, 2012 12:00am
Jayawardene thwarts England in first Test

Jayawardene thwarts England in first Test

Skipper Mahela Jayawardene crafted a classy century to steer Sri Lanka out of trouble on the opening day of the first Test against England in Galle on Monday. Jayawardene hit an unbeaten 168 as the hosts recovered from a disastrous 15-3 by the fourth over
Published 27 Mar, 2012 12:00am
New Zealand struggle in Wellington

New Zealand struggle in Wellington

South African pace sensation Vernon Philander became the fastest man in 116 years to reach 50 Test wickets on Monday as New Zealand struggled to stay alive in the third Test. Philander, 26, reached the milestone in only his seventh Test as New Zealand fol
Published 27 Mar, 2012 12:00am
Cairns wins Twitter libel action against Modi

Cairns wins Twitter libel action against Modi

Former New Zealand all-rounder Chris Cairns has won a libel action against Lalit Modi in London that leaves the one-time chairman of the Indian Premier League (IPL) facing a bill of more than £500,000 ($794,000). In the first libel action heard in England
Published 27 Mar, 2012 12:00am
Swiss franc lower

Swiss franc lower

The Swiss franc tracked the euro lower against the US dollar on Monday, giving up some of the steady gains racked up against the greenback over the previous week. The franc fell 0.2 percent against the dollar to trade at 0.9095 compared to the New York cl
Published 27 Mar, 2012 12:00am
Australian and New Zealand dollar struggle

Australian and New Zealand dollar struggle

The Australian and New Zealand currencies struggled to make gains against the US dollar on Monday, as concerns about global growth weighed on risk assets ahead of bond auctions in Europe and an EU meeting later this week. The Australian dollar stalled at
Published 27 Mar, 2012 12:00am
Yuan ends down

Yuan ends down

The yuan ended down slightly against the dollar on Monday, even as the People's Bank of China set a record high mid-point for the second straight session, with traders expecting Beijing to limit the currency's rise amid uncertain economic conditions. The
Published 27 Mar, 2012 12:00am
Sterling hits 3-1/2 week high versus dollar

Sterling hits 3-1/2 week high versus dollar

Sterling hit its highest in more than three weeks against a broadly weaker dollar on Monday and looked set to gain further after Federal Reserve chief Ben Bernanke sounded a note of caution on the US economy. Bernanke said further improvements in the US l
Published 27 Mar, 2012 12:00am
Won slides on North Korea worries

Won slides on North Korea worries

The won led slides in most Asian currencies on Monday, hitting a two-month low on geopolitical tension in the Korean peninsula, with traders predicting further weakness for the South Korean currency as it cleared more support levels. Importers and custodi
Published 27 Mar, 2012 12:00am
Euro stumbles in London

Euro stumbles in London

The euro fell against the dollar on Monday after a better-than-forecast German business sentiment survey failed to alleviate concerns about eurozone growth, while investors fretted about Italian debt auctions and Spain's budget. The dollar also moved broa
Published 27 Mar, 2012 12:00am
Early trade in New York: Euro up versus dollar, yen

Early trade in New York: Euro up versus dollar, yen

The euro advanced against the dollar and the yen on Monday as weaker-than-expected US data and Federal Reserve Chairman Ben Bernanke's cautious comments on the job market spurred hopes for more easing ahead, boosting riskier assets. The single currency hi
Published 27 Mar, 2012 12:00am
Dollar springs back in Asia

Dollar springs back in Asia

The dollar bounced off a 10-day low against the yen on Monday, scooped up on the dip by Japan importers after it found support on the charts, although doubts lingered about the greenback's strength after a rally in the US bond yields took a breather. The
Published 27 Mar, 2012 12:00am
Indian rupee slips

Indian rupee slips

The Indian rupee slid to its weakest level in more than two months on Monday on heavy dollar buying from oil importers and other companies, with a steep fall in local shares and a weak euro further dragging. Traders said despite the pressure on the rupee,
Published 27 Mar, 2012 12:00am
FTSE 100 boosted by US easing expectations

FTSE 100 boosted by US easing expectations

Britain's benchmark share index posted its biggest daily gain in two weeks on Monday, as expectations of looser US monetary policy and brighter German data gave investors fresh reason to push the market towards a retest of recent eight-month highs. The FT
Published 27 Mar, 2012 12:00am
Australian shares fall

Australian shares fall

Australian shares fell 0.2 percent on Monday, their fourth loss in five sessions, as softer US home sales added to concerns that the global economic recovery may be losing momentum. Equity markets had got off to a flying start in 2012, but have been wobbl
Published 27 Mar, 2012 12:00am
KOSPI ends lower

KOSPI ends lower

Seoul shares reversed earlier gains and ended lower on Monday, as weak energy counters failed to track a rebound in their Wall Street peers, offsetting gains in construction and technology issues that are riding on positive earnings expectations. The Kore
Published 27 Mar, 2012 12:00am
Nikkei ticks higher

Nikkei ticks higher

Japan's Nikkei share average edged higher on Monday, recovering from last week's retreat, as investors bought metal shares and picked up laggard blue chips, with a softer yen continuing to underpin market sentiment. The Nikkei closed 0.1 percent higher at
Published 27 Mar, 2012 12:00am
Indian shares hit two-month low

Indian shares hit two-month low

Indian shares fell 1.8 percent to their lowest close in nearly two months, as uncertainty over short-term capital gain taxes for some derivative products sold to foreign investors sparked fears over widespread selling. Brokers warned on Monday certain pro
Published 27 Mar, 2012 12:00am
Southeast Asian markets mostly down

Southeast Asian markets mostly down

Most Southeast Asian stock markets fell on Monday in moderate volume as a decline in new US home sales added to concerns about slowing global growth, weighing on shares of resources and materials firms. Foreigners remained buyers, however, offering region
Published 27 Mar, 2012 12:00am
Bernanke, German business mood lift European shares

Bernanke, German business mood lift European shares

European shares edged higher on Monday, buoyed by improved German business sentiment and investor belief the uptrend in stock markets would be underpinned by an extension of easy US monetary policy. Remarks by Federal Reserve Chairman Ben Bernanke tamped
Published 27 Mar, 2012 12:00am
Taiwan stocks lower

Taiwan stocks lower

Taiwan stocks closed 1.35 percent lower on Monday, pressured by heavyweights such as TSMC, with glass and ceramics counters the biggest losers, down 3.61 percent. The main TAIEX index fell 108.99 points to 7,967.62, after opening flat. Financial shares sh
Published 27 Mar, 2012 12:00am
Monday's midday trade: Wall Street rallies on Bernanke comments

Monday's midday trade: Wall Street rallies on Bernanke comments

US stocks rose on Monday, with all 10 S&P sectors trading higher, after Federal Reserve Chairman Ben Bernanke suggested the US central bank would continue supportive monetary policies even as the unemployment rate improves. Major stock indexes, rebounding
Published 27 Mar, 2012 12:00am
Hong Kong shares flat, Shanghai up

Hong Kong shares flat, Shanghai up

Hong Kong shares ended flat on Monday, as strength in local developers offset weakness in Chinese banks on fears that the sector could be exposed to more bad local government debt than previously expected. Mainland Chinese markets gained, with the Shangha
Published 27 Mar, 2012 12:00am
Banks extend Saudi bourse rally; Egyptian stocks down

Banks extend Saudi bourse rally; Egyptian stocks down

Banks helped the Saudi bourse rise for a fourth straight session on Monday, while political worries dragged Egyptian stocks lower for a second day and most Gulf markets also fell. The Saudi banking index jumped 1.2 percent to its highest level since April
Published 27 Mar, 2012 12:00am
US Midwest soya bids jump at processors

US Midwest soya bids jump at processors

Soyabean spot basis bids jumped at processors and river terminals around the US Midwest early on Monday, supported by slow farmer sales and better demand for the oilseed, dealers said. Corn bids were also firm along the river while bids held steady at int
Published 27 Mar, 2012 12:00am
Ukrainian grain exports fall 1.46 million tonnes in March

Ukrainian grain exports fall 1.46 million tonnes in March

Ukrainian grain exports totalled 1.46 million tonnes in March 1-23 compared to 1.48 million tonnes in the same period in February, analyst ProAgro said on Monday. ProAgro said the volume included 1.01 million tonnes of corn, 247,000 tonnes of wheat and 19
Published 27 Mar, 2012 12:00am
German farmers lobby fears winter damage to grains

German farmers lobby fears winter damage to grains

Arctic-style weather earlier this winter in Germany has damaged German grain plants in some regions but the country was still on course for a good to average cereals harvest, the German Farming Association said on Wednesday. German farmers have suffered c
Published 27 Mar, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 236,286 tonnes of cargo including 172,595 tonnes of import, 63,691 tonnes of export cargo and 4,815 loaded and empty containers (TEUs) during the last 24 hours of business activities ended at 0700 hours on Monday. The total import
Published 27 Mar, 2012 12:00am
Russian wheat prices decline on weak demand, competition

Russian wheat prices decline on weak demand, competition

Russian wheat prices declined further last week on the back of weak demand and competition from neighbouring Kazakhstan, analysts said on Monday. "Traders complain about inactive demand and abundance of very cheap Kazakh wheat," the Institute for Agricult
Published 27 Mar, 2012 12:00am
EU sees 1.7 percent rise in 2012

EU sees 1.7 percent rise in 2012

e average yield of the European Union's soft wheat crop should rise 1.7 percent to 5.67 tonnes per hectare in 2012, the European Commission's crop-monitoring unit said in a report on Monday. In its first estimates for the upcoming harvest in the 27-member
Published 27 Mar, 2012 12:00am
Foreign traders invade grain giants' turf

Foreign traders invade grain giants' turf

For decades, the world's leading grain traders like Cargill and Bunge enjoyed an unparalleled advantage with their smaller North American competitors lacked the flexibility and diversity of a global operation, and their foreign rivals lacked access to the
Published 27 Mar, 2012 12:00am
Kenya sees wheat production almost tripling

Kenya sees wheat production almost tripling

Kenya expects its 2012 wheat output to almost triple compared with the previous year buoyed by increased planting and favourable weather forecasts, the Agriculture ministry said on Wednesday. It expected to harvest 6.3 million 90-kg bags of wheat in 2012
Published 27 Mar, 2012 12:00am
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