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Archive - 2012-04-08
West Indies 291 for 5 at lunch
Cricket

West Indies 291 for 5 at lunch

BRIDGETOWN: West Indies were 291 for five at lunch on the second day of the first Test againstAustralia at Kensington Ov
Published 08 Apr, 2012 04:16pm
Global woes drag on Bangladesh exports
Top News

Global woes drag on Bangladesh exports

DHAKA: Bangladesh's exports in March fell 7.23 percent to $1.98 billion from a year earlier as a frail global economy bi
Published 08 Apr, 2012 11:39am
Istanbul to host Iran nuclear talks
Top News

Istanbul to host Iran nuclear talks

DUBAI: Istanbul will host the next round of nuclear talks between Iran and world powers, Iran's English-language Press T
Published 08 Apr, 2012 11:00am
Syria crackdown kills 7
Middle East

Syria crackdown kills 7

BEIRUT: Syrian forces pressed on with their military operations Sunday in rebel strongholds, mainly in the northwestprov
Published 08 Apr, 2012 10:33am
AT&T workers to stay on job
Top News

AT&T workers to stay on job

NEW YORK: More than 40,000 employees at AT&T Inc will keep working under the terms of an expired labor contract while th
Published 08 Apr, 2012 10:10am
Japan deploys missile defence in Tokyo
Top News

Japan deploys missile defence in Tokyo

TOKYO: Japan has deployed missile batteries in Tokyo and dispatched destroyers carrying interceptor missiles as it boost
Published 08 Apr, 2012 08:10am
President Zardari heads to India
Top News

President Zardari heads to India

NEW DELHI: President Asif Ali Zardari will become the first Pakistani head of state since 2005 to visit India on Sunday
Published 08 Apr, 2012 06:38am
'Khushal Garh Bridge project to be completed before schedule'

'Khushal Garh Bridge project to be completed before schedule'

Federal Minister for Communications, Dr Arbab Alamgir Khan has said that 27 percent progress has been achieved in construction of the Khushal Garh Bridge till now, which is over and above the scheduled progress and hoped that the project will be completed
Published 08 Apr, 2012 12:00am
Illiteracy main hurdle towards country's progress: Dr Firdous

Illiteracy main hurdle towards country's progress: Dr Firdous

Federal Minister for Information and Broadcasting Dr Firdous Ashiq Awan has underscored the need of collective efforts for the expansion and promotion of education aimed at enhancing the literacy rate across the country. There was an immediate need for ba
Published 08 Apr, 2012 12:00am
Two killed, 21 hurt as bus turns turtle

Two killed, 21 hurt as bus turns turtle

At least two persons were killed and 21 others injured when a bus carrying devotees turned turtle here in Dera Ghazi Khan on Saturday. According to police, a bus carrying devotees from Sakhi Sarwar to Vehari got out of control while overtaking a truck at
Published 08 Apr, 2012 12:00am
Annual fishing ban: KFHA stakeholders to submit proposals

Annual fishing ban: KFHA stakeholders to submit proposals

With a view to resolving a longstanding dispute between fishermen and seafood exporters over the annual fishing ban, Karachi Fish Harbour Authority (KFHA) has asked all the stakeholders to present proposals to reach a consensus on the restriction, sources
Published 08 Apr, 2012 12:00am
Industrial zones: Sindh government urged to restore water supply

Industrial zones: Sindh government urged to restore water supply

The industrial associations have sent a SOS to the Governor and Chief Minister of Sindh and ask to immediately restore water supply to the industrial zones as the industries are starving due to abrupt suspension of water supply by the Karachi Water and Se
Published 08 Apr, 2012 12:00am
LHWs vow to continue protest till acceptance of demands

LHWs vow to continue protest till acceptance of demands

Lady Health Workers (LHWs) Association, Khyber Pakhtunkhwa has vowed to continue protest till the restoration of their all terminated colleagues, payment of outstanding dues, end of victimisation and implementation of the decision of regularisation.
Published 08 Apr, 2012 12:00am
Funeral prayers of slain PPP workers held

Funeral prayers of slain PPP workers held

The funeral procession of three slain PPP workers and an activist of PSF were offered at their respective areas here on Saturday. According to police, the funeral prayers of three PPP activists namely Farhan alias Gudo, Anees Siddiqui alias Munna Behari a
Published 08 Apr, 2012 12:00am
Boy loses life in projectile explosion

Boy loses life in projectile explosion

A 13-year-old boy on Saturday lost his life when a projectile exploded in the limits of Docks police station. According to SHO Docks Madad Ali Zardari, the victim Sohail, 13 son of Ismail, while playing found an explosive shell in water. He said the decea
Published 08 Apr, 2012 12:00am
Prime Minister's statement criticised

Prime Minister's statement criticised

Legal fraternity on Saturday criticised the statement of Prime Minister Yousuf Raza Gilani. The PM has said that the judicial commission probing the memogate should also extend a video link facility to former ambassador Husain Haqqani. Former Vice Preside
Published 08 Apr, 2012 12:00am
Centre urged to declare Tor Ghar tax free zone

Centre urged to declare Tor Ghar tax free zone

The Khyber Pakhtunkhwa (KP) government has urged the federal government to declare Tor Ghar, new district of Hazara Division, a tax free zone. The KP government in a letter informed the federal finance ministry that Tor Ghar was given the status of 25th d
Published 08 Apr, 2012 12:00am
Vessel facing serious navigational problems

Vessel facing serious navigational problems

Fishing vessels are facing serious navigational problems to steer into Karachi fish harbour because the channel draft has reached its lowest level, as Karachi Fish Harbour Authority (KFHA) is waiting for a response from Karachi Port Trust (KPT) to dredge
Published 08 Apr, 2012 12:00am
Procurement of wheat from today

Procurement of wheat from today

Clarifying a news item appeared in section of press about not setting up wheat procurement centres yet, the Provincial Food Department has stated that the date of starting procurement of wheat had been extended from April 01 to 08, 2012 due to the reports
Published 08 Apr, 2012 12:00am
Matric exams: a hat-trick of question paper leaks

Matric exams: a hat-trick of question paper leaks

The question paper leaks made hat-trick on Saturday in the city as even third paper of matriculation examinations was out prior to the commencement of examination. According to a private television channel, the question paper of Sindhi was leaked out befo
Published 08 Apr, 2012 12:00am
Paper of SSC part-I exam postponed

Paper of SSC part-I exam postponed

The management of Board of Intermediate and Secondary Education (BISE) Hyderabad has postponed the paper of Secondary School Part-I Annual Examinations 2012 scheduled to be conduct on Saturday. The paper has been postponed due to unavoidable circumstances
Published 08 Apr, 2012 12:00am
LUMHS announces result of third prof MBBS exam

LUMHS announces result of third prof MBBS exam

The Controller of Examinations Undergraduate Studies of Liaquat University of Medical and Health Sciences (LUMHS) Jamshoro on Saturday announced the result of Third Professional MBBS Eighth Semester Re-Sit Examinations of the year 2011.
Published 08 Apr, 2012 12:00am
Huge cache of arms recovered

Huge cache of arms recovered

Huge cache of arms and ammunitions were recovered from a residential apartment located in the limits of Eidgah Police Station on Saturday. According to police sources, heavy contingents of paramilitary rangers on a tipoff conducted raid at a flat of City
Published 08 Apr, 2012 12:00am
Bus driver gunned down in Quetta

Bus driver gunned down in Quetta

A bus driver, who was seriously injured by a passenger gunfired on him in the city area of Sariab Road, passed away in hospital. According to details, Abdur Rahim, a bus-driver exchanged hot words with a passenger, who all of a sudden opened gunfire at hi
Published 08 Apr, 2012 12:00am
Three suspects killed in separate incidents

Three suspects killed in separate incidents

At least three armed bandits were killed while another injured in two separate encounters at various parts of the metropolis here on Saturday. According to police, the Docks police came under attack when they intercepted a bike carrying three young men ne
Published 08 Apr, 2012 12:00am
Bilawal condoles Bashir Qureshi's death

Bilawal condoles Bashir Qureshi's death

Pakistan Peoples Party's Chairman Bilawal Bhutto Zardari has expressed his deep grief and sorrow over sudden death of Jeay Sindh Quami Mahaz leader Bashir Khan Qureshi and condoled with the members of bereaved family and his followers. In a condolence mes
Published 08 Apr, 2012 12:00am
PPP-Sherpao protests against POL prices hike

PPP-Sherpao protests against POL prices hike

Activists of Pakistan Peoples' Party-Sherpao (PPP-S) held a protest demonstration against the recent unprecedented hike in petroleum and CNG prices, lawlessness, corruption, and price hike. Led by PPP-S Provincial President, Sinkandar Khan Sherpao, the pr
Published 08 Apr, 2012 12:00am
'Jamaat-i-Islami leaders show best performance in Parliament'

'Jamaat-i-Islami leaders show best performance in Parliament'

The Executive Director, Pakistan Institute of Legislative Development and Transparency (PILDAT), Ahmed Bilal Mehbub has said the Jamaat-i-Islami (JI) Parliamentarians had performed best in the Parliament in 2012. Addressing the participants in a two-day w
Published 08 Apr, 2012 12:00am
Revision of fuel prices twice a month: LCCI rejects ECC decision

Revision of fuel prices twice a month: LCCI rejects ECC decision

The Lahore Chamber of Commerce and Industry on Saturday rejected the Economic Co-ordination Committee (ECC) decision to revise fuel prices twice a month and urged the government to implement policy of quarterly review of petroleum prices. LCCI President I
Published 08 Apr, 2012 12:00am
Imran felicitates Christians on Easter

Imran felicitates Christians on Easter

Tehreek-e-Insaf Chairman Imran Khan and other party leaders have on Saturday felicitated the Christian community of Pakistan and Christians around the world on the occasion of Easter. Imran commended the contributions and sacrifices of the Christian commu
Published 08 Apr, 2012 12:00am
No differences with PPP: Babar

No differences with PPP: Babar

Former Law Minister Babar Awan has said on Saturday that the coming budget will offer good news to the public and if not he will support the people. While leaving for India at Wagah border he said to the media persons that there are no differences with Pa
Published 08 Apr, 2012 12:00am
Commerce & Industry Department's assistant director arrested

Commerce & Industry Department's assistant director arrested

The police here Saturday arrested Waseem Afzal, Assistant Director Department of Commerce & Industry on the charges of getting job on fake educational diploma and degree besides availing illegal privileges. An AJK Accountability Bureau spokesman told news
Published 08 Apr, 2012 12:00am
APAT rejects proposed weekly holidays

APAT rejects proposed weekly holidays

The All Pakistan Anjuman-e-Tajiran (APAT) has strongly opposed the proposals of two weekly holidays and forced closure of markets at 8pm. While addressing the meeting of markets boards' representatives of the provincial capital, traders said that business
Published 08 Apr, 2012 12:00am
RTO employees continue pen-down strike

RTO employees continue pen-down strike

Employees of the Regional Tax Office (RTO) Lahore continued pen down strike on the second consecutive day against the proposal of promotion of senior auditors as Assistant Commissioner (Inland Revenue). Federal Revenue Alliance (FRA) Employees Union Presi
Published 08 Apr, 2012 12:00am
Laptop purchase: PML-Q moves adjournment motion

Laptop purchase: PML-Q moves adjournment motion

Pakistan Muslim League-Q (PML-Q)'s two legislators Saturday submitted an adjournment motion in the provincial assembly of the Punjab against the purchase of laptops by the government of Punjab. Through the motion, submitted by Amir Sultan Cheema and Seema
Published 08 Apr, 2012 12:00am
Attock Oil Group holds 63rd flower & vegetable show

Attock Oil Group holds 63rd flower & vegetable show

The Attock Oil Group of Companies held the 63rd Annual Flower and Vegetable Show here the other day. Federal Minister for Petroleum and Natural Resources, Dr Asim Hussain was the chief guest on the occasion.
Published 08 Apr, 2012 12:00am
Federal capital witnesses sharp increase in crime rate

Federal capital witnesses sharp increase in crime rate

The incidents of crime witnessed a sharp increase in the federal capital during the last week despite tall claims of strict security arrangements made by police to curb crime. According to information gathered from various police stations of the city, the
Published 08 Apr, 2012 12:00am
Reforming Myanmar targets boost in rice exports

Reforming Myanmar targets boost in rice exports

Myanmar plans to increase rice exports by almost a fifth to 1 million tonnes in the current fiscal year (2012-2013), owing partly to international help in reviving its agriculture sector, state media said on Saturday. Minister of Agriculture Myint Hlaing
Published 08 Apr, 2012 12:00am
US farmers resist temptation to rush corn planting

US farmers resist temptation to rush corn planting

Many US farmers are waiting for crop insurance coverage to kick in before getting too aggressive in planting corn early, resisting the temptation presented by record warm temperatures this spring, a top agronomist said on Wednesday.
Published 08 Apr, 2012 12:00am
Commodities slide as Fed pours cold water on stimulus hopes

Commodities slide as Fed pours cold water on stimulus hopes

Commodity prices mostly fell last week under pressure from the Federal Reserve's reluctance to inject fresh stimulus into the sluggish US economy and amid stubborn recession fears in Europe. Markets were also rocked by mounting concern that Spain could be
Published 08 Apr, 2012 12:00am
Australian wheat exports face slowdown after nine-year peak

Australian wheat exports face slowdown after nine-year peak

Australian wheat exports hit a nine-year high in February on the back of a record grains crop, data on Wednesday showed, but heavy rains are likely to have weighed on shipments in March. Australia is the world's fourth largest wheat exporter and is enjoyi
Published 08 Apr, 2012 12:00am
Physical oil market plenty at odds with pricey Brent

Physical oil market plenty at odds with pricey Brent

Europe's oil futures market and its physical crude markets paint widely divergent views on oil. Brent oil futures have remained stubbornly high around $122 to $126 per barrel, even while Saudi Arabia's oil minister, Ali al-Naimi, has repeatedly assured th
Published 08 Apr, 2012 12:00am
Thin demand keeps rice prices low in Asia

Thin demand keeps rice prices low in Asia

Thin buying demand kept Asian grain markets slow this week, with prices unchanged in Thailand and softening slightly in Vietnam where a major harvest was at its peak, traders said on Wednesday. Weak demand, partly due to rising output in major buyer natio
Published 08 Apr, 2012 12:00am
Indonesian coffee roasters chase beans; discounts narrow

Indonesian coffee roasters chase beans; discounts narrow

Indonesian coffee roasters may start importing beans again because of difficulties in getting supplies even during the harvest, while differentials for Vietnamese coffee improved after a drop in London futures, dealers said on Thursday.
Published 08 Apr, 2012 12:00am
Malaysia's palm oil stocks likely to fall

Malaysia's palm oil stocks likely to fall

Malaysia's March palm oil stocks probably fell to a 7-month low in March, as an increase in exports outpaced production growth, a Reuters survey showed on Friday. Stocks may have dropped 3.5 percent to 1.99 million tonnes in March - the lowest since Augus
Published 08 Apr, 2012 12:00am
Global rubber output to rise 10.42 million tonnes in 2012

Global rubber output to rise 10.42 million tonnes in 2012

Global natural rubber output is forecast to rise 1.1 percent to 10.420 million tonnes in 2012, but the increase is lower than an earlier estimate because of heavy rains in plantations in Malaysia and China, the Association of Natural Rubber Producing Coun
Published 08 Apr, 2012 12:00am
China soyoil hits six-month high on soy supply squeeze

China soyoil hits six-month high on soy supply squeeze

China's Dalian soyoil jumped to its highest in more than six months on Thursday after the country returned after a three-day break to price in prospects of tighter soybean supply, setting the stage for a strong opening in Malaysian palm oil futures.
Published 08 Apr, 2012 12:00am
World market price for upland cotton

World market price for upland cotton

The US Agriculture Department set the prevailing world market price for upland cotton at 80.71 cents per lb, effective through April 12. The price is adjusted to US quality and location for Strict Low Middling, 1-1/16 inch upland cotton. The next announce
Published 08 Apr, 2012 12:00am
KCCI president expresses concerns over upcoming Energy Conference

KCCI president expresses concerns over upcoming Energy Conference

Karachi Chamber of Commerce and Industry (KCCI) President Mian Abrar Ahmed has expressed deep reservations and concerns regarding the Energy Conference which has been scheduled to be held in Lahore on April 9. In a letter to Prime Minister Yousuf Raza Gil
Published 08 Apr, 2012 12:00am
SIUT organises Organ Donation Day

SIUT organises Organ Donation Day

Organ Donation Day was observed at the Sindh Institute of Urology and Transplantation (SIUT) Karachi with a passionate appeal to the society at large to come forward and take part in a campaign of pledging to donate an organ and save the lives of those wh
Published 08 Apr, 2012 12:00am
Clarification by Food Department

Clarification by Food Department

Clarifying a news item appeared in a section of the press about not setting up wheat procurement centres yet, the Provincial Food Department has stated that the date of starting procurement of wheat had been extended from 1st April to 8th April, 2012 due
Published 08 Apr, 2012 12:00am
Property business: Dubai-based firm looking for investors

Property business: Dubai-based firm looking for investors

A Dubai based real estate developer is looking for investors from Pakistan to invest in holy cities across Middle East including the first five-star luxury hotel in the holy city of Karbala, Iraq. Introducing the project to media at a local hotel, Range H
Published 08 Apr, 2012 12:00am
Ten-wicket Swann fires England to big win

Ten-wicket Swann fires England to big win

Graeme Swann claimed a match haul of 10 wickets as England roared to a series-levelling win over Sri Lanka in the second and final Test on Saturday to retain their number one ranking. Swann followed his four wickets in the first innings with six in the se
Published 08 Apr, 2012 12:00am
Bryan brothers take US to brink of semi-finals

Bryan brothers take US to brink of semi-finals

Bob and Mike Bryan beat French opponents Michael Llodra and Julien Benneteau 6-4, 6-4, 7-6 (7/4) in their doubles rubber here on Saturday to give the States a 2-1 lead in their Davis Cup World Group quarter-final. America's number one singles player here
Published 08 Apr, 2012 12:00am
China, Taiwan 1-1 in Davis Cup

China, Taiwan 1-1 in Davis Cup

China and Taiwan both scored one victory at the Davis Cup Oceania Group 1 relegation play-off in Kaohsiung, Taiwan, on Friday. In a match delayed by rain, Wu Di of China beat Taiwan's Tsung-hua Yang in a tightly fought encounter 6-4, 2-6, 7-6 (7/0), 3-6,
Published 08 Apr, 2012 12:00am
Australia advance to Group playoff

Australia advance to Group playoff

Australia advanced to the Davis Cup World Group playoff by winning the doubles Saturday to take an unbeatable 3-0 lead over South Korea in Brisbane. The Australian combination of Chris Guccione and Marinko Matosevic downed Jeong Suk-Young and Seol Jae-Min
Published 08 Apr, 2012 12:00am
Four Iraqi athletes to compete in London

Four Iraqi athletes to compete in London

At least four Iraqi athletes are to compete in the 2012 Summer Olympics in London, Iraqi Athletics Federation spokesman Maytham Husseini said on Saturday. The athletes are javelin thrower Ammar Makki, discus thrower Haidar Nasser, short-distance runner Da
Published 08 Apr, 2012 12:00am
Aussie Stosur sinks Venus

Aussie Stosur sinks Venus

Australia's Samantha Stosur booked her semi-final spot at the WTA Charleston clay court event with a pair of three-set wins Friday, ruining the prospect of an all-Williams clash. Stosur, who turned 28 last Friday, ousted world number 87 Venus Williams wit
Published 08 Apr, 2012 12:00am
Mata's late show keeps Chelsea in race for fourth

Mata's late show keeps Chelsea in race for fourth

Juan Mata's last-gasp winner moved Chelsea to within two points of the top four after Branislav Ivanovic's controversial opener set them on course for a 2-1 win over Wigan on Saturday. Mata found himself in the right place at the right time to turn home f
Published 08 Apr, 2012 12:00am
Hamas executes 3 in Gaza, including 'traitor'

Hamas executes 3 in Gaza, including 'traitor'

Islamist group Hamas executed three men on Saturday, hanging two convicted murderers and a Gazan found guilty of collaborating with Israel, the Hamas-run ministry of interior said. It did not name the men and gave few details of the allegations against th
Published 08 Apr, 2012 12:00am
Isn't it 'marvellous?' Obama seeks to define Romney for voters

Isn't it 'marvellous?' Obama seeks to define Romney for voters

When President Barack Obama criticised Mitt Romney by name this week for embracing a controversial Republican budget proposal, he worded his attack carefully and with bite. "(Romney) said that he's 'very supportive' of this new budget, and he even called
Published 08 Apr, 2012 12:00am
Violence dims Syria truce hopes; over 100 killed

Violence dims Syria truce hopes; over 100 killed

Syrian troops pounded opposition areas, activists said, killing 74 civilians in an offensive that has sent thousands of refugees surging into Turkey before next week's UN-backed cease-fire aimed at staunching a year of bloodshed. At least 15 rebels and 17
Published 08 Apr, 2012 12:00am
Islamic group offers Syria victims $70 million aid

Islamic group offers Syria victims $70 million aid

The world's largest Islamic body said on Saturday it was preparing humanitarian aid worth up to $70 million to help some 1 million people affected by violence during the year-long Syrian uprising against President Bashar al-Assad. The Organisation of Isla
Published 08 Apr, 2012 12:00am
Five killed in Iraq bombings

Five killed in Iraq bombings

A roadside bomb killed three policemen in Diyala province of central Iraq while a bomb inside a minibus in Baghdad left at least two people dead on Saturday, security and medical sources said. The roadside bomb exploded as a police patrol passed by in Kha
Published 08 Apr, 2012 12:00am
Fresh sex scandal hits Australian military

Fresh sex scandal hits Australian military

The head of Australia's prestigious military training college in Canberra on Saturday described the alleged rape of a civilian woman by a cadet as "completely abhorrent". A 23-year-old army cadet has been charged over the incident in the grounds of the Ro
Published 08 Apr, 2012 12:00am
Women's rights activist Banda becomes Malawi's president

Women's rights activist Banda becomes Malawi's president

Prominent women's rights campaigner Joyce Banda was sworn in as Malawi's president on Saturday, becoming southern Africa's first female head of state and raising hopes for a fresh start in the small, poor nation after the death of her mercurial predecesso
Published 08 Apr, 2012 12:00am
Mali junta sees civilian government 'in days'

Mali junta sees civilian government 'in days'

Mali's coup leader said on Saturday the junta would hand power to an interim government within days in a deal with neighbouring nations in return for an end to sanctions and help in tackling Malian rebels who have seized much of the north. The March 22 co
Published 08 Apr, 2012 12:00am
Islamic body rejects independence

Islamic body rejects independence

The Organisation of Islamic Co-operation on Saturday rejected a unilateral claim of independence by Tuareg rebels in north Mali, a statement said. The 57-member pan-Muslim body, to which Mali belongs, welcomed, however, a decision by the military junta to
Published 08 Apr, 2012 12:00am
Myanmar president holds landmark talks with rebels

Myanmar president holds landmark talks with rebels

Myanmar's president had a landmark meeting on Saturday with one of the country's biggest ethnic rebel groups, a mediator said, marking one of the biggest steps taken by a government seeking "everlasting peace" after decades of hostilities.
Published 08 Apr, 2012 12:00am
Former Mubarak spy chief shakes up Egypt vote race

Former Mubarak spy chief shakes up Egypt vote race

Hosni Mubarak's former intelligence chief began the application process on Saturday to enter the presidential race, shaking up Egyptian politics as liberals and Islamists tried to decipher the motives of a man long viewed as the power behind his ousted bo
Published 08 Apr, 2012 12:00am
Rwandan leader accuses West of leniency for genocide suspects

Rwandan leader accuses West of leniency for genocide suspects

Rwandan President Paul Kagame on Saturday accused unspecified Western countries of failing to stop genocide suspects on their territory as his country marked the 18th anniversary of a Tutsi massacre. "As we remember those we lost, some of those who killed
Published 08 Apr, 2012 12:00am
Militant from al Qaeda-linked group captured: Nato

Militant from al Qaeda-linked group captured: Nato

A member of an al Qaeda-linked group who helped finance attacks against Afghan and foreign forces has been captured in northern Afghanistan the third operative from the group detained or killed in the past two weeks, Nato said Saturday. Separately in the
Published 08 Apr, 2012 12:00am
European currencies retreat

European currencies retreat

Emerging European currencies gave up early gains on Friday as disappointing US payroll data encouraged risk aversion in global markets, while worries about a Czech coalition row and Hungary's international aid talks weighed on sentiment. Czech and Hungari
Published 08 Apr, 2012 12:00am
CEE forex seen retreating before new gains by 2013

CEE forex seen retreating before new gains by 2013

Central European currencies are expected to tread water or weaken slightly in the months ahead as the euro zone struggles to end its debt crisis, prolonging recession fears at its eastern borders. But the currencies could post gains again within 6-12 mont
Published 08 Apr, 2012 12:00am
Speculators pare net long dollar bets in latest week

Speculators pare net long dollar bets in latest week

Currency speculators trimmed their bets in favour of the US dollar in the latest week, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position slipped to $17.8 billion in the week end
Published 08 Apr, 2012 12:00am
Dollar falls after US jobs data disappoint

Dollar falls after US jobs data disappoint

The US dollar fell against the euro and the yen on Friday after lower-than-expected US jobs figures bolstered views the Federal Reserve could yet ease policy further to boost the economy, though thin holiday trading exacerbated currency moves.
Published 08 Apr, 2012 12:00am
Latam FX mixed; Europe woes, tamer inflation eyed

Latam FX mixed; Europe woes, tamer inflation eyed

Latin America's currencies were mixed on Thursday with renewed concerns over the European debt crisis while lower inflation weighed on Brazil's interest rate futures. Spanish and Italian bond yields surged as investors feared efforts to control Europe's d
Published 08 Apr, 2012 12:00am
African currencies outlook: Ghana cedi to remain steady

African currencies outlook: Ghana cedi to remain steady

The Ghanaian cedi is set to remain steady next week, after falling to new lows versus the dollar, but may weaken without robust central bank intervention. In Uganda, increased dollar demand from importers is seen pressurising the shilling.
Published 08 Apr, 2012 12:00am
Canadian dollar seen holding near parity for rest of 2012

Canadian dollar seen holding near parity for rest of 2012

Stronger Canadian and US economies and the stabilising of Europe's debt crisis will make for a less volatile Canadian currency, which is expected to hold near parity with the US dollar for the next year, a Reuters poll showed. Since firming above the one-
Published 08 Apr, 2012 12:00am
TSX hits three-month low as Europe fears flare up

TSX hits three-month low as Europe fears flare up

Toronto's main stock index fell for a third straight day on Thursday, hitting its lowest in more than three months as European debt crisis worries crimped appetite for riskier assets, although impressive Canadian and US jobs data provided some support. Ei
Published 08 Apr, 2012 12:00am
US, Chinese private equity in joint bid for Japan's Elpida

US, Chinese private equity in joint bid for Japan's Elpida

Private equity firms TPG Capital LP of the United States and China's Hony Capital are bidding jointly to buy Elpida Memory, a source familiar with the matter said on Friday, heating up the battle for the bankrupt Japanese chipmaker. The two firms will par
Published 08 Apr, 2012 12:00am
Malaysian tycoon exploring pay-TV IPO

Malaysian tycoon exploring pay-TV IPO

Malaysian tycoon Ananda Krishnan is exploring proposals from investment banks to list Astro All Asia Networks after the country's sole satellite pay-TV monopoly was delisted in a $2.6 billion deal in 2010, sources with knowledge of the matter told Reuters
Published 08 Apr, 2012 12:00am
Latam stocks gain on US jobs, Brazil inflation

Latam stocks gain on US jobs, Brazil inflation

Latin American stocks gained on Thursday as encouraging unemployment data in the United States and lower-than-expected inflation figures in Brazil boosted demand for shares of commodities producers and homebuilders. The MSCI Latin American stock index gai
Published 08 Apr, 2012 12:00am
An IPO shines brightest among Rio's diamond options

An IPO shines brightest among Rio's diamond options

A stock market flotation is likely to top the list of options when Rio Tinto reviews the future of its diamond business, as a shortage of heavyweight buyers prompts the miner to turn instead to funds betting on Asia's appetite for luxury. The Anglo-Austra
Published 08 Apr, 2012 12:00am
Facebook picks Nasdaq for marquee listing

Facebook picks Nasdaq for marquee listing

Facebook Inc, preparing what would be Silicon Valley's largest IPO, has picked Nasdaq over the New York Stock Exchange for its listing in a major victory for the technology-laden US bourse, a source familiar with the situation said on Thursday. One of the
Published 08 Apr, 2012 12:00am
Venture-backed IPOs raised $1.5 billion last quarter

Venture-backed IPOs raised $1.5 billion last quarter

After a years-long chill, the market for venture-backed initial public offerings was heating up, the National Venture Capital Association and Thomson Reuters reported Monday. Some 19 venture-backed companies went public in the first quarter of 2012, raisi
Published 08 Apr, 2012 12:00am
Disappointing jobs report sends US futures lower

Disappointing jobs report sends US futures lower

US stock futures closed lower on Friday in brief, holiday-thinned trading after a much weaker-than-expected report on US job growth for March. Trading volumes were light because of the Good Friday holiday and market closings in Europe. S&P 500 futures fel
Published 08 Apr, 2012 12:00am
Treasuries outlook: prices surge on weak March US jobs growth

Treasuries outlook: prices surge on weak March US jobs growth

US government debt prices surged on Friday, pushing yields to more than three-week lows after surprisingly weak job growth in March rekindled bets the Federal Reserve would embark on another round of bond purchases to stimulate the economy. The government
Published 08 Apr, 2012 12:00am
Treasuries outlook: prices surge on weak March US jobs growth

Treasuries outlook: prices surge on weak March US jobs growth

US government debt prices surged on Friday, pushing yields to more than three-week lows after surprisingly weak job growth in March rekindled bets the Federal Reserve would embark on another round of bond purchases to stimulate the economy. The government
Published 08 Apr, 2012 12:00am
ADR report: Europe shares lead market lower for week

ADR report: Europe shares lead market lower for week

US-listed shares of foreign companies fell for a third straight day on Thursday to close their worst week so far in 2012 as investor concerns grew about the credit health of Spain and the eurozone. Spanish benchmark yields rose again as the hangover from
Published 08 Apr, 2012 12:00am
Taiwan exchange plans MoU with Shanghai

Taiwan exchange plans MoU with Shanghai

The Taiwan Stock Exchange said on Tuesday that it plans to sign a memorandum of understanding with the Shanghai stock exchange as early as this year to expand its product portfolio and tap China's massive market. Exchanges around the world have been activ
Published 08 Apr, 2012 12:00am
Yields on JGBs unlikely to surge

Yields on JGBs unlikely to surge

Japan's $1.3 trillion Government Pension Investment Fund, the world's biggest public pension, said yields on Japanese government bonds are unlikely to surge for a while as there is plenty of demand from cash-rich domestic banks. Takahiro Mitani, chairman
Published 08 Apr, 2012 12:00am
Yields on JGBs unlikely to surge

Yields on JGBs unlikely to surge

Japan's $1.3 trillion Government Pension Investment Fund, the world's biggest public pension, said yields on Japanese government bonds are unlikely to surge for a while as there is plenty of demand from cash-rich domestic banks. Takahiro Mitani, chairman
Published 08 Apr, 2012 12:00am
China publishes draft rules to improve IPO mechanism

China publishes draft rules to improve IPO mechanism

The China Securities Regulatory Commission (CSRC) published on Sunday draft rules aimed at increasing the liquidity of newly-listed shares and monitoring pricings for initial public offers in an attempt to curb speculative trading and regain investor conf
Published 08 Apr, 2012 12:00am
Ranks of America's working poor grow in 2010

Ranks of America's working poor grow in 2010

The number of working Americans earning so little they lived in poverty reached 7.2 percent of the labour force in 2010, the highest level in at least two decades, the US government said on Friday. The Bureau of Labour Statistics counted 7.6 percent of wo
Published 08 Apr, 2012 12:00am
Bangladesh's BAPEX eyes 1st offshore oil and gas venture

Bangladesh's BAPEX eyes 1st offshore oil and gas venture

State-run Bangladesh Petroleum Exploration and Production Company Ltd (BAPEX) hopes to launch its first offshore oil and gas exploration venture in July, its managing director said on Saturday. The firm will bid in tenders for blocks in the Bay of Bengal
Published 08 Apr, 2012 12:00am
Ford recalls 140,000 Focus cars

Ford recalls 140,000 Focus cars

Ford is recalling more than 140,000 Focus compact cars because the passenger side windshield wiper can fail. Federal Safety regulators say a seal in the wiper motor wiring may be missing. Water can get inside and cause the wiper to stop working, increasin
Published 08 Apr, 2012 12:00am
German taxman aims to buy more Swiss bank data

German taxman aims to buy more Swiss bank data

A German tax inspector is in talks to buy banking data from Switzerland to help his office identify tax evaders, a magazine reported on Saturday - days after the two countries signed a landmark deal on taxing secret deposits. The move seems likely to stok
Published 08 Apr, 2012 12:00am
Japan to hold talks with China on IMF contributions

Japan to hold talks with China on IMF contributions

Japanese Finance Minister Jun Azumi said on Saturday Japan would hold high-level talks with China over contributions to the International Monetary Fund to help ease the euro zone debt crisis ahead of a G20 finance leaders' meeting in Washington. The two n
Published 08 Apr, 2012 12:00am
Malaysia arrests scores over China, Taiwan scam

Malaysia arrests scores over China, Taiwan scam

Malaysia arrested 83 people mostly from China and Taiwan over a huge scam that netted billions of dollars, a day after authorities busted a major betting and fraud ring, police said Saturday. The suspects - 75 Taiwanese, six Chinese and two Malaysians - w
Published 08 Apr, 2012 12:00am
Brazil mulls new rules for telecom companies

Brazil mulls new rules for telecom companies

The Brazilian government could force fixed-line telephone companies to lower rates and invest in expanding their network in order to ensure affordable service for the lower classes, according to a report published on Saturday. The Folha de Sao Paulo said
Published 08 Apr, 2012 12:00am
China's big banks lend 300 billion yuan in March

China's big banks lend 300 billion yuan in March

China's big four state banks extended almost 300 billion yuan ($47.50 billion)in new local-currency loans last month, the official Securities Times reported on Saturday, citing unidentified sources. The newspaper also estimated that the total new loans fr
Published 08 Apr, 2012 12:00am
US backs Argentine stance on defaulted debt ruling

US backs Argentine stance on defaulted debt ruling

The US government has backed Argentina in the latest legal battle over a 2002 default, arguing the nation should not have to pay "holdout" creditors when servicing debt held by investors who accepted a harsh restructuring, court documents show.
Published 08 Apr, 2012 12:00am
Gazprom flags Shtokman gas shift; Europe wary

Gazprom flags Shtokman gas shift; Europe wary

Gazprom may ditch plans to pipe Arctic gas from its Shtokman project, a top executive said, potentially giving Russia's top energy firm more leeway to sell supplies from the huge field to customers outside Europe. Gazprom may instead focus on producing mo
Published 08 Apr, 2012 12:00am
No timetable for restarting California nuclear plant

No timetable for restarting California nuclear plant

The top US nuclear official said on Friday his agency has not set any timetable for restarting the troubled San Onofre nuclear station in Southern California and that it would only do so if safety was assured. Nuclear Regulatory Commission Chair Gregory J
Published 08 Apr, 2012 12:00am
Former Intel employee pleads guilty to theft charges

Former Intel employee pleads guilty to theft charges

A former Intel Corp employee who allegedly stole from the chipmaker documents worth hundreds of millions of dollars pleaded guilty on Friday to five counts of wire fraud. Federal prosecutors in Boston had alleged that Biswamohan Pani, 36, downloaded some
Published 08 Apr, 2012 12:00am
Fewer Eastern European workers than expected move to Germany

Fewer Eastern European workers than expected move to Germany

Far fewer workers from eastern Europe than expected have moved to Germany since its labour market was opened to former communist states almost a year ago, the head of Germany's labour office said on Saturday. Europe's biggest economy was braced for a shar
Published 08 Apr, 2012 12:00am
India's jewellers call off strike

India's jewellers call off strike

Jewellers in India called off their three-week-old strike on Saturday, an industry official said, on assurances from Finance Minister Pranab Mukherjee that the government would consider scrapping a budget proposal to levy excise duty on unbranded jeweller
Published 08 Apr, 2012 12:00am
US housing secretary pushes mortgage write-down

US housing secretary pushes mortgage write-down

The Obama administration wants Fannie Mae and Freddie Mac, which finance the bulk of US mortgages, to start reducing loan balances for troubled borrowers, but with safeguards to prevent them from purposely defaulting to obtain relief. Housing and Urban De
Published 08 Apr, 2012 12:00am
Slowdown may hurt banks' asset quality: India finance minister

Slowdown may hurt banks' asset quality: India finance minister

A slowdown in India's gross domestic product could impact banks' asset quality, finance minister Pranab Mukherjee said on Saturday. Mukherjee, speaking at an industrial event in Mumbai, added India's banks would have to raise additional capital to meet re
Published 08 Apr, 2012 12:00am
Swiss Life CEO says M&A tough at moment

Swiss Life CEO says M&A tough at moment

The head of Swiss Life believes mergers and acquisitions are difficult at the moment, with little opportunities in the Swiss market, a newspaper quoted him as saying on Saturday. Chief Executive Bruno Pfister calls the shots for Switzerland's biggest dedi
Published 08 Apr, 2012 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

Business Recorder did not receive the daily cargo handling operation report from Karachi Port Trust (KPT) on Saturday.
Published 08 Apr, 2012 12:00am
US corn to dodge first blast of cold

US corn to dodge first blast of cold

The first frost of the US planting season is set to roll through the eastern Midwest grain belt overnight Thursday, but was not expected to harm any of the corn that was sowed at the fastest ever pace amid mild weather, experts said on Thursday. The blast
Published 08 Apr, 2012 12:00am
GASC buys 115,000 tonnes of US wheat

GASC buys 115,000 tonnes of US wheat

Egypt, the world's largest wheat importer, has bought 115,000 tonnes of US soft red winter wheat for May 21-31 shipment on a free on board basis, the main government wheat buyer said on Thursday. Nomani, vice chairman of the General Authority for Supply C
Published 08 Apr, 2012 12:00am
Wheat ticks up after losses; market eyes on weather

Wheat ticks up after losses; market eyes on weather

Chicago wheat edged higher on Thursday as the market took a breather following an almost 3 percent fall in the last session, triggered by crop-friendly weather in the United States and Europe. Corn was little changed after closing lower on Wednesday with
Published 08 Apr, 2012 12:00am
Bulgaria expects lower 2012 grains crop

Bulgaria expects lower 2012 grains crop

Bulgaria's wheat and barley crops are likely to be lower than a year ago after dry weather in autumn and cold snaps in the winter hit sowings, a senior agriculture official said on Friday. The Balkan country reaped 4.3 million tonnes of wheat in 2011 and
Published 08 Apr, 2012 12:00am
Chinese Exchange to cut margin on grain

Chinese Exchange to cut margin on grain

China's Dalian Commodity Exchange plans to lower margin requirements for trading of major grain futures contracts to 5 percent from 7 percent, with effect from next week to help boost trade in these contracts. Daily trading limits for soy, corn, soymeal,
Published 08 Apr, 2012 12:00am
US corn stocks seen dropping to 16-year low

US corn stocks seen dropping to 16-year low

US corn supplies are expected to fall to a fresh 16-year low before the fall harvest, said analysts polled by Reuters, signalling there will be razor-thin supplies this year that could stoke food inflation and hurt margins for food companies. Analysts exp
Published 08 Apr, 2012 12:00am
EU wheat prices rise, rapeseed hits 13-month peak

EU wheat prices rise, rapeseed hits 13-month peak

Wheat prices in the European Union rose on Thursday as a weaker euro helped make the region's exports more competitive on world markets, while rapeseed futures rose to the highest level in more than a year. Volumes were light ahead of the Easter holiday a
Published 08 Apr, 2012 12:00am
Prices firm on cotton market amid modest activity

Prices firm on cotton market amid modest activity

Steadier trend was again witnessed on the cotton market on Saturday in process of modest trading, dealers said. The official spot rate was unchanged at Rs 5400, they added. Prices of seedcotton in Sindh were inert at Rs 1700-2300 and in the Punjab at Rs 2
Published 08 Apr, 2012 12:00am
Oil cake market rates

Oil cake market rates

The May vaida was slightly up and July contract was unchanged on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The May vaida that had closed at Rs 785.20, opened with a rise of 10 paisa at Rs 785.30. The July contr
Published 08 Apr, 2012 12:00am
US corn market share down in Colombia

US corn market share down in Colombia

Following are selected highlights from a report issued by a US Department of Agriculture attache in Colombia. "US corn has dramatically lost market share in Colombia. In 2008, US corn supplied 80 percent of Colombia's corn demand. In 2011, the share decli
Published 08 Apr, 2012 12:00am
Prices depict rising trend on grain market

Prices depict rising trend on grain market

Upward trend was witnessed on the wholesale grain market on Saturday in process of trading, dealers said. Commenting on the present rising trend in the commodity prices, some analysts said that supply was not short because demand went up by a few foreign
Published 08 Apr, 2012 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (April 07, 2012).

Published 08 Apr, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (April 07, 2012).

Published 08 Apr, 2012 12:00am
THE RUPEE: dollar stays put

THE RUPEE: dollar stays put

Steady trend was seen on the currency market on Saturday as the rupee held the overnight levels versus the greenback, dealers said. The rupee managed to hold the overnight levels versus dollar for buying and selling at 91.00 and 91.20, they added. The rup
Published 08 Apr, 2012 12:00am
THE RUPEE: dollar stays put

THE RUPEE: dollar stays put

Steady trend was seen on the currency market on Saturday as the rupee held the overnight levels versus the greenback, dealers said. The rupee managed to hold the overnight levels versus dollar for buying and selling at 91.00 and 91.20, they added. The rup
Published 08 Apr, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (April 07, 2012).

Published 08 Apr, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (April 07, 2012).

Published 08 Apr, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 07, 2012).

Published 08 Apr, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (April 07, 2012).

Published 08 Apr, 2012 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (April 07, 2012).

Published 08 Apr, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 07, 2012).

Published 08 Apr, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 07, 2012).

Published 08 Apr, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 07, 2012).

Published 08 Apr, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 07, 2012).

Published 08 Apr, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (April 07, 2012).

Published 08 Apr, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (April 07, 2012).

Published 08 Apr, 2012 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (April 07, 2012).

Published 08 Apr, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (April 07, 2012).

Published 08 Apr, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (April 07, 2012) and for Sunday (April 08, 2012).
Published 08 Apr, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (April 07, 2012).

Published 08 Apr, 2012 12:00am
The Weather

The Weather

The weather report on Saturday (April 07, 2012) and the forecast for Sunday (April 08, 2012).

Published 08 Apr, 2012 12:00am
Your rupee last month

Your rupee last month

Following currency fluctuations took place in foreign exchange rates during the last month. (March 1 - 30 2012)

Published 08 Apr, 2012 12:00am
FIA rejects adjournment plea by Musharraf

FIA rejects adjournment plea by Musharraf

The Federal Investigation Authority (FIA) rejected an adjournment plea of former President Pervez Musharraf in Benazir Bhutto assassination case, saying that Anti-Terrorist Court Rawalpindi had declared him a Proclaimed Offender (PO). After following the
Published 08 Apr, 2012 12:00am
FIA rejects adjournment plea by Musharraf

FIA rejects adjournment plea by Musharraf

The Federal Investigation Authority (FIA) rejected an adjournment plea of former President Pervez Musharraf in Benazir Bhutto assassination case, saying that Anti-Terrorist Court Rawalpindi had declared him a Proclaimed Offender (PO). After following the
Published 08 Apr, 2012 12:00am
Convert CNG stations into LPG outlets: minister asks operators

Convert CNG stations into LPG outlets: minister asks operators

Federal Minister for Petroleum and Natural Resources Dr Asim Hussain on Saturday said the government had allowed the CNG station operators to convert their outlets into alternative auto gas fuel of LPG. Speaking at the inaugural ceremony of the first LPG
Published 08 Apr, 2012 12:00am
Convert CNG stations into LPG outlets: minister asks operators

Convert CNG stations into LPG outlets: minister asks operators

Federal Minister for Petroleum and Natural Resources Dr Asim Hussain on Saturday said the government had allowed the CNG station operators to convert their outlets into alternative auto gas fuel of LPG. Speaking at the inaugural ceremony of the first LPG
Published 08 Apr, 2012 12:00am
Convert CNG stations into LPG outlets: minister asks operators

Convert CNG stations into LPG outlets: minister asks operators

Federal Minister for Petroleum and Natural Resources Dr Asim Hussain on Saturday said the government had allowed the CNG station operators to convert their outlets into alternative auto gas fuel of LPG. Speaking at the inaugural ceremony of the first LPG
Published 08 Apr, 2012 12:00am
LPG price slashed by Rs 10 per kg

LPG price slashed by Rs 10 per kg

The price of liquefied petroleum gas (LPG) has been slashed by Rs 10 per kilogram on April 7, as local producers decreased its price by Rs 11,600 to Rs 93,200 per ton as sales declined to 40 percent to 45 percent. This was stated by Chairman of FPCCI Stan
Published 08 Apr, 2012 12:00am
LPG price slashed by Rs 10 per kg

LPG price slashed by Rs 10 per kg

The price of liquefied petroleum gas (LPG) has been slashed by Rs 10 per kilogram on April 7, as local producers decreased its price by Rs 11,600 to Rs 93,200 per ton as sales declined to 40 percent to 45 percent. This was stated by Chairman of FPCCI Stan
Published 08 Apr, 2012 12:00am
LPG price slashed by Rs 10 per kg

LPG price slashed by Rs 10 per kg

The price of liquefied petroleum gas (LPG) has been slashed by Rs 10 per kilogram on April 7, as local producers decreased its price by Rs 11,600 to Rs 93,200 per ton as sales declined to 40 percent to 45 percent. This was stated by Chairman of FPCCI Stan
Published 08 Apr, 2012 12:00am
Ministries to challenge each other over PSM

Ministries to challenge each other over PSM

Ministry of Production and Ministry of Finance are ready to challenge each other at the forthcoming Federal Cabinet's meeting scheduled to be held on April 11, 2012 when the issue of financial health of a sinking Pakistan Steel Mills (PSM) will come under
Published 08 Apr, 2012 12:00am
Ministries to challenge each other over PSM

Ministries to challenge each other over PSM

Ministry of Production and Ministry of Finance are ready to challenge each other at the forthcoming Federal Cabinet's meeting scheduled to be held on April 11, 2012 when the issue of financial health of a sinking Pakistan Steel Mills (PSM) will come under
Published 08 Apr, 2012 12:00am
Ministries to challenge each other over PSM

Ministries to challenge each other over PSM

Ministry of Production and Ministry of Finance are ready to challenge each other at the forthcoming Federal Cabinet''s meeting scheduled to be held on April 11, 2012 when the issue of financial health of a sinking Pakistan Steel Mills (PSM) will come unde
Published 08 Apr, 2012 12:00am
Iran non-oil exports surge 29 percent despite sanctions

Iran non-oil exports surge 29 percent despite sanctions

Iran's non-oil exports surged 29 percent to nearly $44 billion in the year to mid-March despite tough Western sanctions to rein in Tehran's disputed nuclear drive, according to officials and data. Overall exports excluding crude oil hit $48 billion, Kiuma
Published 08 Apr, 2012 12:00am
Iran non-oil exports surge 29 percent despite sanctions

Iran non-oil exports surge 29 percent despite sanctions

Iran's non-oil exports surged 29 percent to nearly $44 billion in the year to mid-March despite tough Western sanctions to rein in Tehran's disputed nuclear drive, according to officials and data. Overall exports excluding crude oil hit $48 billion, Kiuma
Published 08 Apr, 2012 12:00am
Iran non-oil exports surge 29 percent despite sanctions

Iran non-oil exports surge 29 percent despite sanctions

Iran''s non-oil exports surged 29 percent to nearly $44 billion in the year to mid-March despite tough Western sanctions to rein in Tehran''s disputed nuclear drive, according to officials and data. Overall exports excluding crude oil hit $48 billion, Kiu
Published 08 Apr, 2012 12:00am
Oil development fund could reach $55 billion: President

Oil development fund could reach $55 billion: President

Iran's President Mahmoud Ahmadinejad said on Saturday the country's sovereign wealth fund could reach $55 billion by March next year if oil prices kept high, in an apparent bid to defend his economic record in the face of increasing isolation. Washington
Published 08 Apr, 2012 12:00am
Oil development fund could reach $55 billion: President

Oil development fund could reach $55 billion: President

Iran's President Mahmoud Ahmadinejad said on Saturday the country's sovereign wealth fund could reach $55 billion by March next year if oil prices kept high, in an apparent bid to defend his economic record in the face of increasing isolation. Washington
Published 08 Apr, 2012 12:00am
Oil development fund could reach $55 billion: President

Oil development fund could reach $55 billion: President

Iran''s President Mahmoud Ahmadinejad said on Saturday the country''s sovereign wealth fund could reach $55 billion by March next year if oil prices kept high, in an apparent bid to defend his economic record in the face of increasing isolation. Washingto
Published 08 Apr, 2012 12:00am