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Archive - 2012-04-03
PM pays tribute to Zulfikar Ali Bhutto
Top News

PM pays tribute to Zulfikar Ali Bhutto

GARHI KHUDA BUKSH: Prime Minister Syed Yousuf Raza Gilani Tuesday said Zulfikar Ali Bhutto sacrificed his life for the c
Published 03 Apr, 2012 07:08pm
Power shortfall surges to 4,000MW
Top News

Power shortfall surges to 4,000MW

ISLAMABAD: The power shortfall in the country has surged to around 4000 Mega Watt as the total generation on Tuesday was
Published 03 Apr, 2012 02:44pm
Cement prices raised again
Top News

Cement prices raised again

KARACHI: Cement producers have raised their prices by Rs 15 to Rs 435 per bag in less than ten days, market sources said
Published 03 Apr, 2012 01:16pm
RECORDER REPORT: KSE close of day
Top News

RECORDER REPORT: KSE close of day

KARACHI : Late buying mainly by local investors and institutions on Tuesday supported the KSE-100 index to close in posi
Published 03 Apr, 2012 01:07pm
US offers $10mn for Hafiz Saeed
Top News

US offers $10mn for Hafiz Saeed

ISLAMABAD: The United States has offered a $10 million reward for Hafiz Mohammad Saeed. The bounty for Hafiz Mohammad S
Published 03 Apr, 2012 09:10am
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 red for most of the trading time since market opening an
Published 03 Apr, 2012 08:11am
Curfew after 'two killed' in Gilgit
Top News

Curfew after 'two killed' in Gilgit

GILGIT: Two people were killed and up to 40 others were wounded on Tuesday when gunmen opened fire during a strike in Gi
Published 03 Apr, 2012 07:09am
Oil retreats as profit taking
Energy

Oil retreats as profit taking

SINGAPORE: Oil retreated in Asian trade on Tuesday as investors took profits from gains in New York, while weak eurozone
Published 03 Apr, 2012 06:27am
Migration woes take centre stage
Europe

Migration woes take centre stage

ATHENS: A heated debate over immigration has reopened in crisis-hit Greece ahead of early elections expected in May, wit
Published 03 Apr, 2012 06:23am
Google loses Australian advert cases
Top News

Google loses Australian advert cases

SYDNEY: Internet giant Google was on Tuesday found guilty of false and misleading advertising in Australia after a court
Published 03 Apr, 2012 04:48am
PSM on the verge of collapse
Top News

PSM on the verge of collapse

RIZWAN BHATTI KARACHI: The country’s largest steel producing plant is on the verge of collapse as its production has
Published 03 Apr, 2012 04:32am
March CPI up 10.79pc
Top News

March CPI up 10.79pc

ZAHEER ABBASI ISLAMABAD: The headline inflation measured by Consumer Price Index (CPI) and largely driven by the food
Published 03 Apr, 2012 04:05am
Another hike in CNG price on the cards
Top News

Another hike in CNG price on the cards

ABDUL RASHEED AZAD ISLAMABAD: The Ministry of Petroleum and Natural Resources is again mulling increasing the price o
Published 03 Apr, 2012 04:04am
DNA estimates 6.4pc budget deficit
Top News

DNA estimates 6.4pc budget deficit

ASMA RAZAQ ISLAMABAD: The Damage Needs Assessment (DNA) estimates a budget deficit of 6.4 per cent in 2011-12 against
Published 03 Apr, 2012 04:00am
Is Bank of Punjab out of woods?
BR Research

Is Bank of Punjab out of woods?

The much-awaited financial statements of the Bank of Punjab (BoP) have been released. The bank had been allowed a period of three years duri
Published 03 Apr, 2012 12:00am
MMA Airlines: new to the skies!
BR Research

MMA Airlines: new to the skies!

Just when many economies are bracing for another oil jolt to their airlines, the engines in the Middle East seem to be howling on full throt
Published 03 Apr, 2012 12:00am
Dear folks, oil shall always be a bit dear

Dear folks, oil shall always be a bit dear

The retail prices of all major petroleum products have crossed the Rs 100 per litre historic mark as of April 1, 2012. The governmental decision is based on the rising cost of imported crude as well as imported POL products. The PPP-led coalition governme
Published 03 Apr, 2012 12:00am
Historic win

Historic win

The long reluctant spring of democracy is finally breaking out in Myanmar, formerly known as Burma. Repeatedly incarcerated Nobel Peace Prize laureate Aung San Suu Kyi has won a seat in her country's military, retired and serving personnel-dominated parli
Published 03 Apr, 2012 12:00am
The writing on the wall

The writing on the wall

While the Punjab is restive on account of the unbearably long hours of power loadshedding, and Khyber Pakhtunkhwa and Balochistan on account of terrorism, Sindh is living through an extended period of ethnic violence. All these are reflections of the gove
Published 03 Apr, 2012 12:00am
The Titanic: myths and truths

The Titanic: myths and truths

The Titanic is surely the most famous ship the world has ever seen - and no ship is as surrounded by legend and myth, some true and many false. Metin Tolan, a professor of experimental physics at Dortmund Technical University, who has written a book on th
Published 03 Apr, 2012 12:00am
Exhibition of social causes

Exhibition of social causes

Markaz-e-Umeed, institution for special needs children organised and launched the first-ever awareness exhibition of social causes at Expo Centre on 23rd March 2012.
Published 03 Apr, 2012 12:00am
20 suspects held in Orangi Town operation

20 suspects held in Orangi Town operation

Following the armed clash at Orangi Town that claimed a life and injured other, the paramilitary Rangers have conducted search operations and detained some 20 suspects from the locality on Monday. According to police, two rival groups engaged in armed cla
Published 03 Apr, 2012 12:00am
Private schools asked to stop charging June-July fee

Private schools asked to stop charging June-July fee

The Advisor to Chief Minister Sindh on Media, Sharmila Farooqui, on Monday warned private schools in the metropolis to stop charging fee of coming June-July months falling in summer vacation, Otherwise stern action would be taken against them. Farooqui in
Published 03 Apr, 2012 12:00am
Four killed in road accident

Four killed in road accident

Four persons were killed and other three received severe injuries in a late night accident here on Gojra bypass. According to police, a truck coming from Faisalabad collided at high speed with a tractor trolley near Government Commerce College Gojra killi
Published 03 Apr, 2012 12:00am
Government financing only 25 percent of health expenditure

Government financing only 25 percent of health expenditure

The government is financing only 25 percent of the total health expenditure, whereas 66 percent is financed by the private household from his own pocket and 9 percent by non-governmental organisations, according to Statistics Division.
Published 03 Apr, 2012 12:00am
Pak-UAE naval cooperation to strengthen ties

Pak-UAE naval cooperation to strengthen ties

Pakistan and the UAE enjoy deep-rooted relations that will further strengthen with co-operation between their Naval forces, said Pakistan's Ambassador to UAE, Jamil Ahmed Khan. He made the remarks during his visit to Pakistan Naval Ships Madadgar and Shuj
Published 03 Apr, 2012 12:00am
Organisations urged to ensure availability of public toilets

Organisations urged to ensure availability of public toilets

Commissioner Karachi, Roshan Ali Shaikh has directed all public utility organisations and departments to ensure provision of public toilets and ease the problems faced by their clients and visitors. Equal attention must be paid for their maintenance as we
Published 03 Apr, 2012 12:00am
Free pollen allergy relief camp opens

Free pollen allergy relief camp opens

Islamabad Capital Territory (ICT) administration is holding ninth free pollen allergy relief camp at Aabpara Community Centre Islamabad from April 3. All medicines would be provided free of cost to the allergy patients at the camp. Chief Commissioner, Isl
Published 03 Apr, 2012 12:00am
Grave violation: trade officer sets up private business

Grave violation: trade officer sets up private business

Commerce Ministry may face serious embarrassment at international level as a trade officer, who has been granted an extension by the Prime Minister recently, may face a legal action for setting up a private business in violation of Geneva Convention, well
Published 03 Apr, 2012 12:00am
33 positive cases of dengue fever registered in Karachi

33 positive cases of dengue fever registered in Karachi

Karachi is the only district in the province that has continued to register dengue fever positive cases during the current year. A senior official of Sindh Dengue Surveillance Cell told APP on Monday that 16 patients suspected to be suffering from dengue
Published 03 Apr, 2012 12:00am
UBL launches free Lounge Service at Jinnah Airport

UBL launches free Lounge Service at Jinnah Airport

UBL, one of Pakistan's largest private banks, inaugurated its lounges at Jinnah International Airport, Karachi recently. These lounges situated at both the domestic and international terminals of the airport will provide free of charge amenities and frien
Published 03 Apr, 2012 12:00am
Leading bankers discuss significant areas of Islamic banking

Leading bankers discuss significant areas of Islamic banking

Significant areas of Islamic banking were discussed to achieve the goal of replacing a traditional banking with Islamic financial solution, which includes cash management, e-banking and project financing. This was main theme of discussion of leading banke
Published 03 Apr, 2012 12:00am
Air Traffic Controllers call off strike

Air Traffic Controllers call off strike

Nadeem Khan Yousufzai on Monday assumed charge as Director General Civil Aviation Authority (CAA) and immediately attended problems of Air Traffic Controllers (ATCs) and received very positive response from them to call off their strike, a CAA press relea
Published 03 Apr, 2012 12:00am
Pir Hussamuddin Rashdi remembered

Pir Hussamuddin Rashdi remembered

The services of renowned historian, resear-cher, writer and intellectual of Sindh, Pir Hussamuddin Rashdi were eulogised by the imminent experts, scholars and opinion leaders of different schools of thoughts at his 30th memorial ceremony organised by Prov
Published 03 Apr, 2012 12:00am
SSC exams in Hyderabad from April 5

SSC exams in Hyderabad from April 5

The Board of Intermediate & Secondary Education Hyderabad has informed that the Secondary School Certificate (SSC) Part-I & II (Class-IX & X) Annual Examination 2012 will be commenced from 5th April under the jurisdiction of the Board.
Published 03 Apr, 2012 12:00am
PTCL launches first 3G android mobile smartphone

PTCL launches first 3G android mobile smartphone

Pakistan Telecommunication Company Limited (PTCL) has launched the first ever 3G android mobile Smartphone, EVODROID "Touch N Fly". PTCL EVODROID Touch N Fly comes with built-in 3G EVO wireless broadband service that gives dual support for both EVDO and G
Published 03 Apr, 2012 12:00am
NED University, IMC to conduct research on traffic congestion

NED University, IMC to conduct research on traffic congestion

Students from Department of Urban & Infrastructure Engineering, NED University will conduct a research to ascertain the level of traffic congestion in Karachi and quantification of its cost. The Toyota Research on Traffic Congestion (TRTC) is the first of
Published 03 Apr, 2012 12:00am
APNS elects new office-bearers

APNS elects new office-bearers

The Annual Meeting of the APNS General Council held on March 31, has elected the executive committee for the year 2012-13, which unanimously elected Sarmad Ali as President, Mehtab Khan as Senior Vice President, Masood Hamid as Secretary General, Ramiza M
Published 03 Apr, 2012 12:00am
Military awards conferred

Military awards conferred

The Chief of the Naval Staff, Admiral Muhammad Asif Sandila, conferred military awards on Pakistan Navy officers and men in an impressive investiture ceremony held here at Bahria Auditorium on Monday. A Pakistan Navy press release said these awards were a
Published 03 Apr, 2012 12:00am
Meeting today to finalise mesh size for fishing

Meeting today to finalise mesh size for fishing

Key fisheries stakeholders are meeting Tuesday (today) to finalise the mesh size for fishing in the country's seawaters with a view to scale down the rising landing of undersized fish and shrimp, officials said on Monday. The unchecked netting of fish and
Published 03 Apr, 2012 12:00am
Djuice launches competition for software developers

Djuice launches competition for software developers

Djuice Pakistan has announced the launch of Apportunity-2012 'APP Mein Kitna Hai Dum!' a competition for Pakistani students and software developers to create mobile phone applications (apps). The aim is to promote apps development in Pakistan on platforms
Published 03 Apr, 2012 12:00am
Fishing operations badly hurt by hike in POL products' prices

Fishing operations badly hurt by hike in POL products' prices

Fishing vessels start mooring by shorelines after failing to continue deep-sea voyages due to the fresh increase in petroleum products' prices, making it difficult for the poor fishermen to meet the soaring cost of operation on a daily basis in the face o
Published 03 Apr, 2012 12:00am
Global B2B e-commerce transactions crosses $12.4 trillion mark in 2012

Global B2B e-commerce transactions crosses $12.4 trillion mark in 2012

The global B2B e-commerce transactions have crossed $12.4 trillion milestone in 2012 which was just $3.4 trillion in 2005. If Pakistani businesses explore the online business opportunities, Pakistan has enormous potential to increase its exports manifold
Published 03 Apr, 2012 12:00am
JSCL, ICTSI Mauritius sign share purchase agreement

JSCL, ICTSI Mauritius sign share purchase agreement

Jahangir Siddiqui and Company (JSCL) has signed a share purchase agreement with ICTSI Mauritius Limited for sales of shares of Pakistan International Container Terminal Limited (PICTL). Under the said agreement, JSCL shall sell a minimum of 13 million sha
Published 03 Apr, 2012 12:00am
JSCL, ICTSI Mauritius sign share purchase agreement

JSCL, ICTSI Mauritius sign share purchase agreement

Jahangir Siddiqui and Company (JSCL) has signed a share purchase agreement with ICTSI Mauritius Limited for sales of shares of Pakistan International Container Terminal Limited (PICTL). Under the said agreement, JSCL shall sell a minimum of 13 million sha
Published 03 Apr, 2012 12:00am
250 centres set up for matric exams: Chairman BSEK

250 centres set up for matric exams: Chairman BSEK

As many as 250 examination centers have been set up for holding Annual Matriculation Examinations 2012, scheduled to be held from April 5, 2012, where all necessary facilities would be provided to the candidates, said Professor Mohammad Saeed Siddiqui, Ch
Published 03 Apr, 2012 12:00am
KU notification

KU notification

University of Karachi has announced that examination forms and fee of M.A/double M.A (Previous & Final) will be accepted from April 2 to May 4, 2012.
Published 03 Apr, 2012 12:00am
'Four flyovers to be built at a cost of Rs 1740 million'

'Four flyovers to be built at a cost of Rs 1740 million'

Administrator KMC Muhammad Hussain Syed has said that Shahra-e-Pakistan and S.M. Taufiq Road will be made signal free by constructing four flyovers at this corridor with a cost of Rs 1740 million. Planning for construction of four flyovers at Water Pump,
Published 03 Apr, 2012 12:00am
Summary ready to raise salaries of paramedics in Sindh

Summary ready to raise salaries of paramedics in Sindh

As per directives of Sindh Health Minister, Dr Saghir Ahmed, the department has prepared a summary of Rs one billion for raise in the salary of the paramedics associated with provincial government hospitals. A spokesman of health department on Monday said
Published 03 Apr, 2012 12:00am
Hazardous dyes being used freely

Hazardous dyes being used freely

Dyes which could cause cancer and banned by the European Union (EU) are being used freely in dyeing fabrics by some of the factories in Pakistan. The startling facts came to light when the consignment of one of the largest exporter of textile goods tested
Published 03 Apr, 2012 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold prices rose on Monday, firming on technical buying and then seesawing around $1,680 an ounce, buoyed by technical factors and gains in oil and equity markets. Gold also drew support as the euro retraced early losses after falling to one-month lows ag
Published 03 Apr, 2012 12:00am
US MIDDAY: copper soars

US MIDDAY: copper soars

In New York, the COMEX May contract shot up 9.60 cents or by 2.5 percent to settle at $3.9210 per tonne, near the upper end of its $3.8285 to $3.9325 session range. Optionseller.com's Gross said the US and Chinese data were good pieces of news in a market
Published 03 Apr, 2012 12:00am
US MIDDAY: soya climbs

US MIDDAY: soya climbs

US soyabean futures rose 1.7 percent to a seven-month high on Monday on follow-through buying from a government report that pegged lower-than-expected soyabean acreage this year, traders said. At 10:45 a.m. CDT (1545 GMT), CBOT May soyabeans were up 23 ce
Published 03 Apr, 2012 12:00am
Gold climbs in Europe

Gold climbs in Europe

Gold prices rose above $1,680 an ounce on Monday as the dollar steadied off earlier one-month highs against the euro, with the US unit further paring gains after US construction spending and manufacturing data. Spot gold was up 0.8 percent at $1,681.00 an
Published 03 Apr, 2012 12:00am
Gold edges up in Asia

Gold edges up in Asia

Gold prices inched up on Monday in the first trading day of the second quarter, waiting for fresh cues from the currency market as investors digest data from China and the United States as well as developments in the euro zone. The dollar index hovered ab
Published 03 Apr, 2012 12:00am
Oil rises two percent on North Sea delays, US data

Oil rises two percent on North Sea delays, US data

Oil prices rose a second day on Monday, gaining 2 percent as loading delays for North Sea crude cargoes added to concerns about global supply disruptions and as supportive US manufacturing data countered disappointing economic figures from Europe.
Published 03 Apr, 2012 12:00am
Arabica coffee jumps

Arabica coffee jumps

Arabica coffee futures on ICE jumped more than 2 percent on Monday as dealers took profits on short positions after the market showed signs of recovering from a drop to 17-month lows, while US cocoa closed lower on heavy position rolling.Raw sugar ended l
Published 03 Apr, 2012 12:00am
Malaysian palm oil hits one-year high

Malaysian palm oil hits one-year high

Malaysian palm oil futures jumped to their highest in more than a year on Monday after a US government report showed farmers would plant less soybeans, setting the stage for tighter edible oil supply this year at a time of strong global demand. The US Dep
Published 03 Apr, 2012 12:00am
Tokyo rubber futures up

Tokyo rubber futures up

Key TOCOM rubber futures ended 1.7 percent higher on Monday as stronger-than-expected Chinese manufacturing data and a softer yen underpinned sentiment, but volumes remained thin and the market stayed in a range of 325-340 yen. The key Tokyo Commodity Exc
Published 03 Apr, 2012 12:00am
Copper moves higher

Copper moves higher

Copper rose more than 1 percent on Monday as upbeat manufacturing data in China and the United States helped calm worries over demand prospects for metals, though signs that China's growth rate will slow from stellar levels tempered gains. A stream of new
Published 03 Apr, 2012 12:00am
New York cotton settles lower

New York cotton settles lower

Cotton futures closed lower on Monday on speculative sales, but tight supplies kept the market supported and enabled fibre contracts to pare losses, analysts said. The market extended losses stemming from a bearish plantings report last Friday from the US
Published 03 Apr, 2012 12:00am
Red Cross sends emergency diesel to Gaza

Red Cross sends emergency diesel to Gaza

The International Committee of the Red Cross on Monday began transferring emergency fuel supplies to the Gaza Strip where an electricity crisis has hit medical services hard. "This morning we began distributing 150,000 litres of diesel to Gaza's hospitals
Published 03 Apr, 2012 12:00am
Flying car a 'step closer': US firm

Flying car a 'step closer': US firm

Drivers hoping to slip the surly - and traffic congested - bonds of Earth moved a step closer to realising their dream Monday, as a US firm announced the successful test flight of a street-legal airplane. Massachusetts based firm Terrafugia said their pro
Published 03 Apr, 2012 12:00am
Cyber-defence slow due to generation gap: US official

Cyber-defence slow due to generation gap: US official

Sluggish moves to counter the rising threat of cyber-attacks can be blamed on a generation of policymakers out of touch with rapid technological change, a senior US official said Monday. "The truth is there are a lot of senior officials in many countries
Published 03 Apr, 2012 12:00am
In tech first, US puts entire 1940 census online

In tech first, US puts entire 1940 census online

The National Archives opened a treasure trove to genealogists and historians on Monday, releasing the 1940 national census in its entirety - and doing so for the first time online. By going onto 1940census.archives.gov, anyone with an Internet connection
Published 03 Apr, 2012 12:00am
Kurdistan smuggling oil through Iran: Iraq

Kurdistan smuggling oil through Iran: Iraq

Iraq's Kurdish region, which has halted crude exports in a row with Baghdad, owes the central government more than $5 billion and is smuggling the oil it produces through Iran, Iraqi officials said Monday. "Kurdistan does not have any refineries to refine
Published 03 Apr, 2012 12:00am
Saudi Telecom chief executive resigns

Saudi Telecom chief executive resigns

Saudi Telecom Co (STC), the kingdom's largest telecom operator, said on Monday its chief executive has resigned but did not give a reason for his departure or name a successor. Saud al-Daweesh submitted his resignation on January 10 but the board did not
Published 03 Apr, 2012 12:00am
Cricket administrator Salve passes away

Cricket administrator Salve passes away

Veteran Congress leader and cricket administrator, N.K.P. Salve, credited with securing opportunity for India and Pakistan to stage 1987 Cricket World Cup tournament, passed away here on Sunday. He was 90. Funeral was held Monday in Nagpur.
Published 03 Apr, 2012 12:00am
Syria agrees to peace deadline: Annan

Syria agrees to peace deadline: Annan

Syria has pledged to withdraw all military units from towns by April 10 to pave the way for a full cease-fire with rebels two days later, the spokesman for international mediator Kofi Annan said on Monday. The UN-Arab League peace envoy briefed the UN Sec
Published 03 Apr, 2012 12:00am
Suu Kyi's party claims landslide win

Suu Kyi's party claims landslide win

Pro-democracy leader Aung San Suu Kyi claimed a by-election landslide for her party on Monday and said she hoped it would mark the beginning of a new era for Myanmar after a historic vote that could prompt the West to ease sanctions. The charismatic Suu K
Published 03 Apr, 2012 12:00am
Ukraine's former Prime Minister allowed treatment outside jail

Ukraine's former Prime Minister allowed treatment outside jail

Ukraine on Monday allowed jailed opposition leader Yulia Tymoshenko to receive medical treatment outside prison amid widening European concerns for the former pro-Western prime minister's health. But officials said she could not travel to Germany as reque
Published 03 Apr, 2012 12:00am
France expels two Islamist radicals

France expels two Islamist radicals

France has expelled two Islamic radicals and is planning to deport three more as part of a crackdown announced after a gunman killed seven people, officials said Monday. An Algerian radical and a Malian imam were sent back to their home countries on Monda
Published 03 Apr, 2012 12:00am
Pinnacle Airlines files for bankruptcy

Pinnacle Airlines files for bankruptcy

Pinnacle Airlines Corp, parent of Pinnacle Airlines and Colgan Air, filed for bankruptcy protection, the latest victim of high fuel prices and dampened travel demand. Memphis, Tennessee-based Pinnacle operates as various regional airlines - most notably D
Published 03 Apr, 2012 12:00am
Hungarian president resigns

Hungarian president resigns

Hungary's President Pal Schmitt, a close ally of Prime Minister Viktor Orban, caved in Monday to mounting pressure to quit after he was stripped of his 1992 doctorate title for plagiarism. "Under the constitution, the president must represent the unity of
Published 03 Apr, 2012 12:00am
Nepal clears China plan for $1.6 billion hydroelectric dam

Nepal clears China plan for $1.6 billion hydroelectric dam

A parliamentary panel cleared the way for a Chinese company to build a $1.6 billion hydroelectric plant in Nepal, the Himalayan republic's biggest foreign investment programme, Nepali officials said on Monday. Nepal's Maoist-led government signed an agree
Published 03 Apr, 2012 12:00am
Britain, Argentina mark 30th anniversary of Falklands war

Britain, Argentina mark 30th anniversary of Falklands war

Britain and Argentina on Monday marked 30 years since an Argentine invasion of the Falklands Islands triggered a bloody 74-day war, amid renewed tensions between the two countries. In Ushuaia, the world's southernmost city, some 5,000 people attended a re
Published 03 Apr, 2012 12:00am
Sri Lanka eye 2-0 sweep

Sri Lanka eye 2-0 sweep

Sri Lanka will settle for nothing less than a 2-0 series whitewash in the second and final Test against England in Colombo from Tuesday, as the buoyant hosts celebrate 30 years of Test cricket. Sri Lanka won the first Test in Galle by 75 runs, meaning a d
Published 03 Apr, 2012 12:00am
British Universities side begins Pakistan tour

British Universities side begins Pakistan tour

A British Universities cricket team arrived in Pakistan on Monday for two one-day games, with their captain stressing the troubled country badly needs international matches to return. The cricket-mad nation has not hosted an international match since mili
Published 03 Apr, 2012 12:00am
Afridi's sporting kit auctioned for Thalessemia patients

Afridi's sporting kit auctioned for Thalessemia patients

Star cricket all-rounder Shahid Khan Afridi auctioned his sport kit items including bat, ball and shirts to raise funds for the treatment Thalassemia patients in a ceremony organised by Umair Sana Foundation in Houston, USA. On this occasion, Afridi's bat
Published 03 Apr, 2012 12:00am
Djokovic beats Murray for Miami treble

Djokovic beats Murray for Miami treble

World number one Novak Djokovic defeated Andy Murray 6-1, 7-6 (7/4) on Sunday to win his second straight ATP Miami Masters title and third overall. Djokovic, who won here for the first time in 2007, became just the third man to win the title three or more
Published 03 Apr, 2012 12:00am
Twenty20 event 'shows Pakistan ready for internationals'

Twenty20 event 'shows Pakistan ready for internationals'

Pakistan is ready to host international cricket matches once again after a three-year break, authorities said Monday after the successful staging of a domestic Twenty20 event. International cricket has been suspended in Pakistan since gunmen opened fire o
Published 03 Apr, 2012 12:00am
Inter-Universities Tennis Championship held

Inter-Universities Tennis Championship held

University of Engineering and Technology (UET), Peshawar organised All Pakistan Inter-Universities Tennis (Men) Championship 2012 in collaboration with Higher Education Commission (HEC) Islamabad. More than 17 teams from different public and private unive
Published 03 Apr, 2012 12:00am
Murdoch's Star wins India cricket broadcast deal

Murdoch's Star wins India cricket broadcast deal

Star TV has won the right to broadcast cricket matches played in India for six years after the Rupert Murdoch-owned group bid more than $750 million, Indian cricket chiefs said Monday. Star TV will hold telecast rights for all Test and one-day cricket pla
Published 03 Apr, 2012 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 81.76-81.83 (previous 81.76-81.83). Call Money Rates: 07.00-12.00 percent (previous 06.75-12.50 percent).
Published 03 Apr, 2012 12:00am
Won leads gains in Asian trade

Won leads gains in Asian trade

The South Korean won rose on Monday as Moody's upgraded South Korea's rating outlook, leading gains among emerging Asian currencies, but their advance was capped by profit-taking after strong factory data failed to completely ease concern over a slowing C
Published 03 Apr, 2012 12:00am
Australian and New Zealand dollars struggle to keep gains

Australian and New Zealand dollars struggle to keep gains

The Australian and New Zealand dollars struggled to sustain early gains on Monday as markets were on guard despite upbeat economic data from China that seemed to lessen the risk of a hard landing there. The Australian dollar seesawed to $1.0402, having in
Published 03 Apr, 2012 12:00am
Yen recovers in London

Yen recovers in London

The yen turned higher on Monday while riskier currencies like the Australian dollar came off highs as support from surprisingly strong Chinese factory data faded and investors took a cautious view of prospects for the global economy. The euro was steady,
Published 03 Apr, 2012 12:00am
Yen retreats, Aussie rises

Yen retreats, Aussie rises

The safe-haven yen eased and the Australian dollar rose on Monday after surprisingly strong Chinese factory activity data eased fears about a hard landing by the world's second-biggest economy. The Australian dollar rose 0.5 percent to $1.0399 after a rep
Published 03 Apr, 2012 12:00am
Sterling hits 4-1/2 month high versus dollar

Sterling hits 4-1/2 month high versus dollar

Sterling hit a 4-1/2 month high against the dollar on Monday, and scaled a 13-month peak versus a trade-weighted basket of currencies, after surprisingly upbeat manufacturing data suggested the UK could avoid slipping into recession. Analysts said sterlin
Published 03 Apr, 2012 12:00am
Swiss franc steady versus euro

Swiss franc steady versus euro

The Swiss franc held steady against the euro and the dollar on Monday as investors held back from taking conviction positions ahead of US and European factory data despite strong Chinese manufacturing numbers on Sunday. The franc was steady against the do
Published 03 Apr, 2012 12:00am
Indian markets closed

Indian markets closed

India currency, bond and interbank cash markets are closed for trading on Monday for the annual closing of bank accounts. The trading resumes on Tuesday. The rupee ended at 50.87/88 to the dollar, stronger than the previous close of 51.39/40.
Published 03 Apr, 2012 12:00am
FTSE up nearly two percent, posts biggest gain in two months

FTSE up nearly two percent, posts biggest gain in two months

Britain's top share index posted its biggest daily rise in two months on Monday, up nearly 2 percent as manufacturing data from the world's biggest economies eased concerns over sluggish growth, offsetting uncertainty in Europe. Rising shares of mining co
Published 03 Apr, 2012 12:00am
European shares post strong second quarter start

European shares post strong second quarter start

Upbeat manufacturing data from the United States and China helped European shares record their biggest daily gain in three weeks on Monday as leading indexes posted a bullish start to the second quarter. The pan-European FTSEurofirst 300 index closed 1.5
Published 03 Apr, 2012 12:00am
Hong Kong shares suffer fourth straight loss

Hong Kong shares suffer fourth straight loss

Hong Kong shares kicked off the second quarter with a fourth-straight loss on Monday, dragged by further weakness in Sun Hung Kai Properties as funds rolled out of the property giant after its billionaire owners were arrested. Better-than-expected officia
Published 03 Apr, 2012 12:00am
Seoul stocks rise

Seoul stocks rise

South Korean shares rose on Monday, extending gains after Moody's upgraded South Korea's credit rating outlook and sparked a late rally in financials. Rating agency Moody's raised the outlook on South Korea's sovereign credit rating to positive from stabl
Published 03 Apr, 2012 12:00am
Taiwan stocks dip

Taiwan stocks dip

Taiwan stocks ended down 0.88 percent on Monday, pulled down by concerns over company profits after the government allowed state-run oil firm CPC Corp to raise fuel prices by an average 10.7 percent, though oil firms themselves benefited. The main TAIEX i
Published 03 Apr, 2012 12:00am
India regulator approves bourse listings, sets conditions

India regulator approves bourse listings, sets conditions

India's stock market regulator will allow domestic stock bourses to list subject to certain conditions, including limits on ownership so that 51 percent of each exchange is held by the public. The long-awaited move from the Securities and Exchange Board o
Published 03 Apr, 2012 12:00am
Australian shares down

Australian shares down

Australian stocks gave up early gains to end 0.14 percent lower on Monday as falls in banks and retailers offset gains in miners. Banks fell after approvals to build new homes fell 7.8 percent in February to their lowest in almost three years and retailer
Published 03 Apr, 2012 12:00am
Monday's afternoon trade: Wall Street climbs on US, Chinese data

Monday's afternoon trade: Wall Street climbs on US, Chinese data

The S&P 500 climbed to a fresh four-year intraday high on Monday, the first trading day of the second quarter, as upbeat Chinese and US manufacturing data overshadowed a report showing more weakness in Europe. The Dow and the Nasdaq held near session high
Published 03 Apr, 2012 12:00am
Nikkei snaps three-day losing streak

Nikkei snaps three-day losing streak

Japan's Nikkei average snapped a three-day losing streak on Monday after stronger-than-expected data from China eased worries of an abrupt economic slowdown, while buying by domestic investors provided support. Blue-chip shares were in demand, after a pul
Published 03 Apr, 2012 12:00am
Indian stocks up; banks rally

Indian stocks up; banks rally

Indian shares rose for a second session in a row on Monday, as banking stocks rallied on expectations the cash crunch that had constrained the sector would ease in the new fiscal year thanks to government spending and a more vigilant central bank. Sentime
Published 03 Apr, 2012 12:00am
Southeast Asian markets: Malaysia's benchmark hits all-time high

Southeast Asian markets: Malaysia's benchmark hits all-time high

Southeast Asian stock markets rose on Monday, with Malaysia's benchmark index hitting an all-time high, as investors added positions in riskier assets after surprisingly firm China manufacturing data. Malaysia's main share index gained 0.5 percent to 1,60
Published 03 Apr, 2012 12:00am
Indonesia's March cocoa bean exports fall 69 percent

Indonesia's March cocoa bean exports fall 69 percent

Indonesia's cocoa bean exports from its main growing island of Sulawesi slumped in March due to a combination of wet weather conditions and cocoa farmers switching to more profitable crops. Sulawesi cocoa exports fell 69 percent to 3,505.66 tonnes in Marc
Published 03 Apr, 2012 12:00am
Corn bids steady to firm at US Gulf Coast

Corn bids steady to firm at US Gulf Coast

Basis bids for corn shipped by barge to the US Gulf Coast were steady to firm Monday as slow farmer selling of old-crop grain kept supplies in the export pipeline thin, traders said. CIF soyaabean basis bids held mostly level, capped by rising futures pri
Published 03 Apr, 2012 12:00am
Record start for US corn plantings seen after warm March

Record start for US corn plantings seen after warm March

Farmers got off to the fastest start ever for this year's planting season, seeding 5 percent of the corn crop by April 1 following the warmest March on record, according to a Reuters poll of 12 analysts. The US Agriculture Department will release its firs
Published 03 Apr, 2012 12:00am
IGC sees record maize crop in 2012-13

IGC sees record maize crop in 2012-13

The global maize crop is forecast at a record 900 million tonnes in 2012/13 and will outstrip demand for the first time since the 2008/09 season, the International Grains Council said on Monday. "The supply and demand outlook for maize is projected to rem
Published 03 Apr, 2012 12:00am
Russian oil output stable at 10.36 million bpd in March

Russian oil output stable at 10.36 million bpd in March

Russian oil output stood at 10.36 million barrels per day in March, unchanged from a post-Soviet monthly high in February, Energy Ministry data showed on Monday. Measured in tonnes, crude production in Russia, the world's top producer, was 43.8 million to
Published 03 Apr, 2012 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

US Plains hard red winter wheat basis bids were flat in the southern US Plains on Monday and country movement was quietly steady despite a jump in Kansas City Board of Trade wheat futures on Friday, dealers said. KCBT May wheat surged 43-1/2 cents per bus
Published 03 Apr, 2012 12:00am
Canadian canola touches highest since 2008

Canadian canola touches highest since 2008

ICE Canadian canola futures rose to a nearly four-year high Monday on follow-through buying from Friday's spike which got triggered by lower-than-expected US soybean plantings this spring. Canola competes with soybeans in the vegetable oil market and may
Published 03 Apr, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 238,271 tonnes of cargo comprising1 177,393 tonnes of import cargo and 60,878 tonnes of export cargo including 5,684 loaded & empty containers during last 48 hours ended at 0700 hours on Monday. The total import cargo of 177,393 t
Published 03 Apr, 2012 12:00am
Fine quality cotton prices may go up amid rising demand

Fine quality cotton prices may go up amid rising demand

Business activity improved on the cotton market on Monday as number of unsold stock is decreasing amid rising demand by exporters, dealers said. Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 5300, they said. Prices of seedcotton
Published 03 Apr, 2012 12:00am
Oil cake market rates

Oil cake market rates

Downward trend was again witnessed on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The May vaida that had closed at Rs 785.90 at the opening session lost 70 paisa at Rs 785.20. The July contract which closed at RS 8
Published 03 Apr, 2012 12:00am
Wheat, Irri 6 prices lower on grain market

Wheat, Irri 6 prices lower on grain market

Declining trend was seen on the wholesale grain market on Monday in process of slow trading, dealers said. On the cereal side, wheat old Bardan (old stock) lost Rs 25 to Rs 2725 and wheat new Bardan (old stock) also shed the same amount to Rs 2775, wheat
Published 03 Apr, 2012 12:00am
US Midwest soyabean bids slip

US Midwest soyabean bids slip

Soyabean spot basis bids were steady to lower at processors, river terminals and elevators in the US Midwest on Monday following a pick-up in farmer selling on Friday. Corn basis values were mostly steady. Soyabean basis bids were down 1 to 3 cents as mov
Published 03 Apr, 2012 12:00am
European outlook dims; Asia, US factories stronger

European outlook dims; Asia, US factories stronger

Manufacturing strengthened in the United States and China in March while the euro zone contracted for the eighth straight month, underlining the uneven pace of global economic growth. The US Institute for Supply Management's index of national factory acti
Published 03 Apr, 2012 12:00am
Australia's inflation gauge at two-year low

Australia's inflation gauge at two-year low

A private gauge of Australian consumer inflation slowed to a two-year trough in March while approvals to build new homes hit their lowest in almost three years, suggesting scope for a cut in interest rates in coming months if not this week. The Reserve Ba
Published 03 Apr, 2012 12:00am
Singapore home prices suffer first quarterly drop in three years

Singapore home prices suffer first quarterly drop in three years

Singapore's private home prices suffered their first quarterly drop in nearly three years as government measures to cool the property market begin to bite at the high end. According to advance estimates from the Urban Redevelopment Authority (URA) on Mond
Published 03 Apr, 2012 12:00am
EU watchdog hopes to wean banks off ECB funds

EU watchdog hopes to wean banks off ECB funds

European Union regulators want banks to restructure so they can wean themselves off cheap central bank loans and attract their own funding from investors and markets. Europe's debt crisis has hurt many banks' ability to raise money, leaving them no choice
Published 03 Apr, 2012 12:00am
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