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Archive - 2012-04-14
Avalanche rescuers excavate new site
Top News

Avalanche rescuers excavate new site

ISLAMABAD: Pakistani troops began excavating a new site in their search for 138 people buried by an avalanche at a high-
Published 14 Apr, 2012 06:19pm
Quetta firing claims 8 lives
Top News

Quetta firing claims 8 lives

QUETTA: At least eight persons including police personnel have been gunned down while two including a boy injured in fou
Published 14 Apr, 2012 12:16pm
Gold slips to Rs 49,071 per 10 grams
Top News

Gold slips to Rs 49,071 per 10 grams

KARACHI: Gold slipped by Rs 300 to Rs 49,071 per 10 grams in the local market Saturday as its international price droppe
Published 14 Apr, 2012 10:59am
President arrives in Multan
Top News

President arrives in Multan

MULTAN: President Asif Ali Zardari arrived here by a special plane on a two-day visit on Saturday. The president was re
Published 14 Apr, 2012 09:29am
7 killed, one injured in Quetta firing
Top News

7 killed, one injured in Quetta firing

QUETTA: At least seven people have been killed and one has been injured in three separate incidents of firing in the pro
Published 14 Apr, 2012 07:01am
Steel re-rolling: SRO issued
Top News

Steel re-rolling: SRO issued

RECORDER REPORT ISLAMABAD: The Federal Board of Revenue (FBR) has increased sales tax to be shown in invoices issued
Published 14 Apr, 2012 04:39am
Rare language under threat in Hormuz
Top News

Rare language under threat in Hormuz

KUMZAR: Home to 4,000 people and overlooking the strategic Straits of Hormuz that Iran has threatened to close, Kumzar v
Published 14 Apr, 2012 03:39am
Warning to banks
Top News

Warning to banks

RECORDER REPORT KARACHI: The State Bank of Pakistan has asked banks to fix a minimum 6 percent profit rate on all sav
Published 14 Apr, 2012 03:26am
Saeed appointed permanent Ogra chief
Top News

Saeed appointed permanent Ogra chief

ABDUL RASHEED AZAD ISLAMABAD: The government on Friday appointed Saeed Ahmed Khan, a retired bureaucrat, as permanent
Published 14 Apr, 2012 03:20am
Balochistan missing persons: police given three days to trace three men

Balochistan missing persons: police given three days to trace three men

While resuming the hearing of identical petitions filed for the protection of life and property of people in Balochistan on Friday, the Supreme Court directed the province's Inspector-General Police to recover the remaining three missing persons within th
Published 14 Apr, 2012 12:00am
44th death anniversary of SU's founder vice chancellor observed

44th death anniversary of SU's founder vice chancellor observed

The 44th death anniversary of founder- Vice Chancellor of University of Sindh and a great philosopher and scholar of international repute, Allama I. I. kazi was observed on Friday. Quran Khuwani was organised at Mausoleum of Allama I. I. Kazi and his wife
Published 14 Apr, 2012 12:00am
Khyber Pakhtunkhwa governor reviews arrangements for Bara IDPs

Khyber Pakhtunkhwa governor reviews arrangements for Bara IDPs

Governor, Khyber Pakhtunkhwa, Barrister, Masood Kausar, on Monday has reviewed the arrangements made for IDPs from Bara Khyber Agency and unanimously pledged to make co-ordinated efforts to facilitate the IDPs to the maximum extent. In this purpose, a mee
Published 14 Apr, 2012 12:00am
Taiwanese vessel runs aground

Taiwanese vessel runs aground

A Taiwanese container ship en route to Karachi on Friday evening grounded just outside the harbour's navigational channel because of an engine breakdown, port officials said. "Four tug boats have been employed to pull out the ship, which steered away from
Published 14 Apr, 2012 12:00am
Steel re-rolling: SRO issued

Steel re-rolling: SRO issued

The Federal Board of Revenue (FBR) has increased sales tax to be shown in invoices issued to registered steel re-rollers, using ingots/billets of steel melters from Rs 5,960 per ton to Rs 6,306 a ton. The FBR issued SRO332(I)/2012 here on Friday, amending
Published 14 Apr, 2012 12:00am
Steel re-rolling: SRO issued

Steel re-rolling: SRO issued

The Federal Board of Revenue (FBR) has increased sales tax to be shown in invoices issued to registered steel re-rollers, using ingots/billets of steel melters from Rs 5,960 per ton to Rs 6,306 a ton. The FBR issued SRO332(I)/2012 here on Friday, amending
Published 14 Apr, 2012 12:00am
SECP registers 370 companies in March

SECP registers 370 companies in March

The SECP registered 370 companies in March. This represents a 5 percent increase over 353 companies that were registered during the previous month. During the current financial year, July 2011-March 2012, as many as 2,666 companies have been registered as
Published 14 Apr, 2012 12:00am
ICI Dulux brightens up Mayo Hospital

ICI Dulux brightens up Mayo Hospital

Volunteers from ICI Dulux along with students from National College of Arts and employees of BF Bioscienes enthusiastically participated to add a splash of colour to the cancer ward at Mayo Hospital. The run down cancer ward was completely transformed whe
Published 14 Apr, 2012 12:00am
President condoles death of journalist's wife

President condoles death of journalist's wife

President Asif Ali Zardari Friday expressed grief and sorrow over the death of wife of Siddique Baloch, Chief Editor Daily Balochistan Express, who died after protracted illness in Karachi.
Published 14 Apr, 2012 12:00am
Khar urges USAID to build major projects

Khar urges USAID to build major projects

Foreign Minister Hina Rabbani Khar on Friday urged the USAID to undertake transformational projects like Tarbela and Mangla dams. She was talking with USAID Administrator Dr Rajiv Shah who called on her here along with a US delegation. According to a pres
Published 14 Apr, 2012 12:00am
Protests against expected resumption of Nato supplies

Protests against expected resumption of Nato supplies

Difa-e-Pakistan Council (DPC), Muttahida Shehri Mahaz and Tehreek-e-Insaf on Friday organised protest demonstrations against the expected resumption of Nato supplies. The main demonstration was organised by DPC, which was joined by different politico-reli
Published 14 Apr, 2012 12:00am
ICAP's pre-budget seminar on April 16

ICAP's pre-budget seminar on April 16

The Southern Regional Committee of the Institute of Chartered Accountants of Pakistan (ICAP) is organising a pre-budget seminar 2012- 2013 on April 16, 2012 in Karachi. According to a statement issued by ICAP, Mumtaz Haider Rizvi, Chairman of the Federal
Published 14 Apr, 2012 12:00am
ICAP's pre-budget seminar on April 16

ICAP's pre-budget seminar on April 16

The Southern Regional Committee of the Institute of Chartered Accountants of Pakistan (ICAP) is organising a pre-budget seminar 2012- 2013 on April 16, 2012 in Karachi. According to a statement issued by ICAP, Mumtaz Haider Rizvi, Chairman of the Federal
Published 14 Apr, 2012 12:00am
Post-devolution matters: PC refuses to hand over 13 projects

Post-devolution matters: PC refuses to hand over 13 projects

The Planning Commission is reported to have refused to accept the decision of a high-powered committee about allocating 13 projects to the Ministry of National Food Security and Research (MNFSR). The projects had either been stopped or allocated to provin
Published 14 Apr, 2012 12:00am
Coordinated efforts needed to solve Peshawar's traffic problems: SSP

Coordinated efforts needed to solve Peshawar's traffic problems: SSP

Senior Superintendent Police (traffic), Najee-ur-Rehman, has said that only imposing penalties and registration of cases against transporters was not a solution to the growing traffic issues, saying that a co-ordinated efforts by police and other relevant
Published 14 Apr, 2012 12:00am
Man, son killed in road accident

Man, son killed in road accident

A man and his son were killed when a speeding truck hit their two-wheeler here on Friday. According to police, Zulifqar Ali along with his son Husnaian (11), r/o Chak No 273-RB Aliwal was returning home from Faisalabad city on his motorcycle when a speedi
Published 14 Apr, 2012 12:00am
Lufthansa cancels tickets of pro-Palestinian activists

Lufthansa cancels tickets of pro-Palestinian activists

Germany's Lufthansa has cancelled the flight tickets of dozens of pro-Palestinian activists who were planning to arrive in Israel Sunday to participate in the Welcome to Palestine 2012 event, the initiative's organisers said Friday. The activists were amo
Published 14 Apr, 2012 12:00am
Iran 'discouraged' on eve of crunch nuclear talks

Iran 'discouraged' on eve of crunch nuclear talks

Iran said Friday that its hopes of a breakthrough at long-awaited talks on its nuclear programme have taken a dive after warnings from the West that Tehran had to prove its credibility. Following a 15-month hiatus, officials from the United States, Russia
Published 14 Apr, 2012 12:00am
Detective sues Britain's Times over email hacking

Detective sues Britain's Times over email hacking

A blog-writing detective who was unmasked by The Times is suing the newspaper for hacking his email, his lawyer said Friday, in the latest twist in the scandal engulfing Rupert Murdoch's British titles. Richard Horton lodged a claim at the High Court in L
Published 14 Apr, 2012 12:00am
Syrians demonstrate to test ceasefire; five killed

Syrians demonstrate to test ceasefire; five killed

Thousands of Syrians marched on Friday to test the regime's commitment to a UN-backed peace plan, and the fragile two-day old ceasefire was again shaken when security forces killed five civilians. The hard-won truce to end a 13-month crackdown on dissent
Published 14 Apr, 2012 12:00am
Three killed in German train collision

Three killed in German train collision

Three railway workers were killed in a collision between a passenger train and a track maintenance vehicle in the eastern suburbs of Frankfurt early Friday, police said. Thirteen people were injured, some seriously. Six of them were hospitalised. Police i
Published 14 Apr, 2012 12:00am
Obama releases tax return in challenge to Romney

Obama releases tax return in challenge to Romney

US President Barack Obama Friday released his tax return, showing he earned nearly $800,000 last year, leveraging the annual rite to launch a new attack on his wealthy Republican foe Mitt Romney. Obama, and Vice President Joe Biden, cranking up their camp
Published 14 Apr, 2012 12:00am
Britain to hold 'biggest' naval exercise in years ahead of Olympics

Britain to hold 'biggest' naval exercise in years ahead of Olympics

The Royal Navy is to begin a military exercise off the west coast of Scotland next week, to test their response to terrorist incidents such as an attack on this year's Olympic Games in London, media reported Friday. In what the navy is describing as "the
Published 14 Apr, 2012 12:00am
Cuba to remove foreign travel restrictions for citizens

Cuba to remove foreign travel restrictions for citizens

The Cuban government plans to remove many of the restrictions that have prevented its citizens from travelling abroad for decades, National Assembly president Ricardo Alarcon said in an interview published Friday. Alarcon said Cuba is "working towards a p
Published 14 Apr, 2012 12:00am
North Korean rocket launch fails, draws condemnation

North Korean rocket launch fails, draws condemnation

North Korea's heralded long-range rocket test ended in failure Friday, disintegrating in mid-air soon after blast-off and plunging into the sea in a major embarrassment for the reclusive state. The defiant launch drew condemnation from world leaders who d
Published 14 Apr, 2012 12:00am
Amnesty joins calls to free Saudi 'hunger striker'

Amnesty joins calls to free Saudi 'hunger striker'

Amnesty International on Friday called for the release of a human rights activist who has reportedly been on hunger strike in a Saudi jail for five weeks. Mohammed bin Saleh al-Bajadi, co-founder of the Saudi Civil and Political Rights Association (ACPRA)
Published 14 Apr, 2012 12:00am
Egypt Islamists rally

Egypt Islamists rally

Islamists were out on the streets of Cairo in a show of force Friday to demand members of ousted president Hosni Mubarak's regime be barred from politics, in a stand-off with Egypt's ruling military. Thousands gathered in an upbeat mood in the capital's i
Published 14 Apr, 2012 12:00am
Dutch court confirms UN immunity in Srebrenica case

Dutch court confirms UN immunity in Srebrenica case

A group representing victims' families from the 1995 massacre at Srebrenica received a blow Friday when the Dutch supreme court ruled against their plans to claim compensation from the UN. The Hague-based court turned down a final attempt by the Mothers o
Published 14 Apr, 2012 12:00am
Weak China GDP growth no signal for fresh stimulus

Weak China GDP growth no signal for fresh stimulus

Speculation that China's weakest quarter of annual economic growth since the global financial crisis will trigger a flood of policy support to fight the downturn misses a crucial point - the taps are already turned on. The annual rate of GDP growth in the
Published 14 Apr, 2012 12:00am
Spanish banks' reliance on ECB hits record

Spanish banks' reliance on ECB hits record

Spain's banks, virtually blocked out of wholesale credit markets, increased their reliance on cheap loans from the European Central Bank in March, borrowing almost double what they did in February. The financial institutions borrowed a record 316.3 billio
Published 14 Apr, 2012 12:00am
India's trade deficit widens

India's trade deficit widens

India's trade deficit is seen at $185 billion in the 2011/12 fiscal year on higher crude import bill, the trade minister said citing provisional data, which may worsen the country's current account balance and further weaken the rupee. Asia's third-larges
Published 14 Apr, 2012 12:00am
India's Infosys plans 35,000 new jobs; 1,200 in US, Europe

India's Infosys plans 35,000 new jobs; 1,200 in US, Europe

Indian information technology major Infosys plans to hire 35,000 people in the 2012-13 financial year, with 1,200 of the jobs in the United States and Europe, company officials said Friday. Infosys, India's second-largest software services exporter, has 1
Published 14 Apr, 2012 12:00am
Hungarian Prime Minister attacks EU 'blackmail' over IMF loan

Hungarian Prime Minister attacks EU 'blackmail' over IMF loan

Hungarian Prime Minister Viktor Orban attacked the European Union for imposing political conditions on an EU-IMF loan desperately needed by Budapest, in an interview on Friday. "Creating political conditions - for example over the justice system - would a
Published 14 Apr, 2012 12:00am
S&P confirms top AAA rating for Britain

S&P confirms top AAA rating for Britain

Standard & Poor's rating agency on Friday confirmed its top AAA long-term credit rating for Britain and maintained a stable outlook for the country that is not a member of the eurozone. "Standard & Poor's Ratings Services affirmed its 'AAA' long-term and
Published 14 Apr, 2012 12:00am
US inflation outpaces earnings, threatens spending

US inflation outpaces earnings, threatens spending

US consumer prices rose modestly in March amid signs a spike in gasoline costs was ebbing, but inflation still outpaced workers' earnings and threatened to undermine spending. The Labour Department said on Friday consumer prices increased 0.3 percent last
Published 14 Apr, 2012 12:00am
J.P Morgan Chase earns $5.4 billion in first quarter, beats view

J.P Morgan Chase earns $5.4 billion in first quarter, beats view

J.P. Morgan Chase, which holds the most assets of any bank in the US, said Friday that it issued more mortgage loans in the first three months of the year and turned a bigger profit than Wall Street expected. The bank said it earned $5.4 billion for the f
Published 14 Apr, 2012 12:00am
J.P Morgan Chase earns $5.4 billion in first quarter, beats view

J.P Morgan Chase earns $5.4 billion in first quarter, beats view

J.P. Morgan Chase, which holds the most assets of any bank in the US, said Friday that it issued more mortgage loans in the first three months of the year and turned a bigger profit than Wall Street expected. The bank said it earned $5.4 billion for the f
Published 14 Apr, 2012 12:00am
Bernanke defends Fed response to financial crisis

Bernanke defends Fed response to financial crisis

Chairman Ben Bernanke said Friday that the Federal Reserve was left with few good options when it stepped in to shore up the largest US financial institutions during the 2008 crisis. Bernanke defended the central bank's actions to support insurance giant
Published 14 Apr, 2012 12:00am
Bailed-out Portugal ratifies EU budget pact

Bailed-out Portugal ratifies EU budget pact

Portugal, which received an international bailout last year, became on Friday the second EU country to ratify a European Union pact tightening budget discipline after Greece. The country's parliament approved the pact, the bloc's main rampart against debt
Published 14 Apr, 2012 12:00am
Efood,Donissl: google proposes stock split as profit soars

Efood,Donissl: google proposes stock split as profit soars

Google on Thursday delivered a double-shot of good news to investors, announcing soaring profits and plans for a long-desired stock split that will make its shares easier to trade. oogle reported a profit of $2.89 billion on revenue of $10.65 billion in t
Published 14 Apr, 2012 12:00am
Bahrain GP cleared despite safety fears

Bahrain GP cleared despite safety fears

The Bahrain Grand Prix will go ahead next week as planned, Formula One bosses declared on Friday, despite fears it could be targeted by violent anti-government demonstrations. The sport's governing body, the FIA (Federation Internationale de l'Automobile)
Published 14 Apr, 2012 12:00am
Hanif hopeful of good show in Junior Asia Cup

Hanif hopeful of good show in Junior Asia Cup

Pakistan's chief selector Hanif Khan believes that Pakistan junior hockey team will perform well in Junior Asia Cup, which will be played in Malacca, Malaysia from 3rd to 13th May. "The junior team defeated Malaysian junior team 2-1 in a three-match Test
Published 14 Apr, 2012 12:00am
Hilfenhaus and Harris achieve career-best ratings

Hilfenhaus and Harris achieve career-best ratings

Ben Hilfenhaus and Ryan Harris, who saw Australia home to a three wickets win against the West Indies with the bat in Bridgetown, Barbados, have achieved their highest-ever bowling ratings in the latest Reliance ICC Test Rankings. Man of the Match Harris,
Published 14 Apr, 2012 12:00am
Capriati elected to Hall of Fame

Capriati elected to Hall of Fame

Former World No 1 Jennifer Capriati, a three-time Grand Slam champion who also won Olympic gold in 1992 at Barcelona, has been elected to the International Tennis Hall of Fame. Officials of the sports honour shrine announced on Friday that the former US t
Published 14 Apr, 2012 12:00am
Pregnant Malaysian shooter keen to deliver in London

Pregnant Malaysian shooter keen to deliver in London

When Malaysian shooter Nur Suryani Mohamed Taibi takes aim with her rifle at the London Olympics it will not just be nerves she will be attempting to control inside her. The 29-year-old from Perak, situated 200 kilometres north of Malaysia's capital Kuala
Published 14 Apr, 2012 12:00am
Domestic Twenty20 competition under scrutiny

Domestic Twenty20 competition under scrutiny

A match in Pakistan's domestic Twenty20 competition last month is under scrutiny over allegations of foul play and under-performance by some players, an official said. Karachi Zebras lost the Super Eight tournament game by 31 runs against a weakened Pesha
Published 14 Apr, 2012 12:00am
Aussies ponder two spinners for second Test

Aussies ponder two spinners for second Test

Australia coach Mickey Arthur said his team may employ two specialist spinners for the second Test against the West Indies, which starts on Sunday at the Queen's Park Oval. Nathan Lyon, who played in the first Test victory in Barbados, could be partnered
Published 14 Apr, 2012 12:00am
Di Matteo demands change in FA discipline rules

Di Matteo demands change in FA discipline rules

Chelsea interim manager Roberto Di Matteo on Friday demanded changes to the Football Association's disciplinary procedures after his club were unable to overturn Branislav Ivanovic's violent-conduct charge. Di Matteo believes the FA were wrong to find Iva
Published 14 Apr, 2012 12:00am
Misbah hails Whatmore's work

Misbah hails Whatmore's work

Pakistan cricket captain Misbah-ul Haq said Friday he was impressed with new coach Dav Whatmore's professionalism as he seeks to lift the talented but unpredictable team. Whatmore, who took over last month on a two-year-contract, guided Pakistan to their
Published 14 Apr, 2012 12:00am
Fergie laughs off Mancini mind games

Fergie laughs off Mancini mind games

Manchester United boss Sir Alex Ferguson has rubbished claims by Manchester City manager Roberto Mancini that the Premier League title race is over. Ferguson's side, who entertain struggling Aston Villa on Sunday, saw their lead at the top of the table cu
Published 14 Apr, 2012 12:00am
United face test of nerve after Wigan wobble

United face test of nerve after Wigan wobble

A week may be a long time in football and if Manchester United take anything less than maximum points against Aston Villa this weekend it is going to feel like an eternity. Last Sunday, pundits unanimously declared the Premier League title race to be over
Published 14 Apr, 2012 12:00am
Swiss franc tracks euro lower

Swiss franc tracks euro lower

The Swiss franc tracked the euro down against the dollar on Friday, with common the European currency broadly softer after disappointingly weak Chinese growth data. Yet with the eurozone's debt crisis still festering, investors remained wary of risk. The
Published 14 Apr, 2012 12:00am
Australian and New Zealand dollars off highs

Australian and New Zealand dollars off highs

The Australian and New Zealand dollars were knocked off session highs on Friday after data showed China's economy grew at its weakest pace in nearly three years in the first quarter, confounding rumours of an upside surprise. The Aussie dollar slid as dee
Published 14 Apr, 2012 12:00am
Won, Singapore dollar up

Won, Singapore dollar up

The Singapore dollar rose on Friday, helped by a surprise policy tightening by the central bank, while the won outperformed regional peers after risks stemming from North Korea's rocket launch were removed. Most emerging Asian currencies gained on improve
Published 14 Apr, 2012 12:00am
Yuan moves higher

Yuan moves higher

The yuan edged higher on Friday after the central bank set its second-highest midpoint ever in response to a weaker dollar, but dealers doubted that the gains pointed to a renewed appreciation trend. Spot yuan closed 43 pips stronger at 6.3030 on Friday a
Published 14 Apr, 2012 12:00am
Euro soars in New York

Euro soars in New York

The euro rose against the dollar and the yen on Thursday as lower Italian bond yields and Chinese lending data buoyed investor optimism even as the still-unresolved eurozone debt crisis clouded long-term views. Italian debt rallied for a second day after
Published 14 Apr, 2012 12:00am
Early trade in New York: Euro slumps on China GDP

Early trade in New York: Euro slumps on China GDP

The euro dropped against the dollar for the first time in three days on Friday, as a rise in Spain's borrowing costs revived worries about the euro zone and disappointing Chinese data spurred global growth concerns.
Published 14 Apr, 2012 12:00am
Euro slips in London

Euro slips in London

The euro slipped on Friday as Spanish bond yields rose on data showing the country's banks were relying heavily on ECB lending, though the common currency looked unlikely to break out of its recent range against the dollar. Disappointing Chinese growth da
Published 14 Apr, 2012 12:00am
Euro falls in Asia

Euro falls in Asia

The euro and the Australian dollar eased on Friday after Chinese growth data disappointed traders positioning for a strong showing, but other Chinese data came mostly in line with, or above expectations, limiting the downside. The markets for major curren
Published 14 Apr, 2012 12:00am
Indian rupee logs second weekly loss

Indian rupee logs second weekly loss

The Indian rupee logged its second straight weekly loss in the new fiscal year that began on April 1, giving up most of its intraday gains on Friday, dragged by a sharp fall in local shares and strong dollar demand from oil importers. However, dollar sale
Published 14 Apr, 2012 12:00am
Sterling holds firm near 19-month

Sterling holds firm near 19-month

Sterling's ability to extend its broad-based gains hinges on whether UK central bankers show concern about the potential damage to exports and whether data in the coming weeks confirms the economic recovery is on track. The British pound rose this week to
Published 14 Apr, 2012 12:00am
FTSE closes below 2012 opening level after drop

FTSE closes below 2012 opening level after drop

Britain's top share index fell back on Friday after a choppy four-day week, in which it closed for the first time below its level at the start of 2012, led by drops in banks and commodity stocks on rising concern over global growth and European debt. At t
Published 14 Apr, 2012 12:00am
Hong Kong and China shares up

Hong Kong and China shares up

Hong Kong shares rose on Friday with gains pulling the benchmark index into positive territory for the week as investors looked past last quarter's growth slowdown in China and focused on higher bank lending and money supply on the mainland. China's econo
Published 14 Apr, 2012 12:00am
European shares suffer fourth week of losses

European shares suffer fourth week of losses

European shares went into reverse on Friday after two days of gains as concerns over euro zone sovereign debt returned with a vengeance, taking a toll on banks, which led the market lower. Italy's UniCredit topped the FTSEurofirst 300 fallers' list, down
Published 14 Apr, 2012 12:00am
Nikkei ends up 1.2 percent

Nikkei ends up 1.2 percent

Japan's Nikkei share average rose 1.2 percent on Friday, propped up by a rally in Fast Retailing and relief that North Korea's rocket launch ended in failure, but weaker-than-expected growth figures from China weighed on the upside. China's annual economi
Published 14 Apr, 2012 12:00am
Australian shares soar

Australian shares soar

Australian shares gained 1 percent on Friday, with the materials sector providing support, but the index slipped off an earlier high after economic growth in China missed market expectations. China's economy grew at the weakest pace in nearly three years
Published 14 Apr, 2012 12:00am
Taiwan stocks hit two-week high

Taiwan stocks hit two-week high

Taiwan stocks ended up 1.64 percent at a near two-week high on Friday after the government revealed its plan to levy a capital gains tax on shares and futures trading, removing uncertainty that had spooked investors. The main TAIEX index advanced 125.35 p
Published 14 Apr, 2012 12:00am
Treasury prices fall

Treasury prices fall

US Treasury debt prices fell on Thursday but the main driver for their declines seemed to be positioning ahead of the afternoon's 30-year Treasury bond auction, after which losses in the market faded somewhat. The US Treasury sold $13 billion in re-opened
Published 14 Apr, 2012 12:00am
Treasury prices fall

Treasury prices fall

US Treasury debt prices fell on Thursday but the main driver for their declines seemed to be positioning ahead of the afternoon's 30-year Treasury bond auction, after which losses in the market faded somewhat. The US Treasury sold $13 billion in re-opened
Published 14 Apr, 2012 12:00am
Southeast Asian markets: Singapore, Indonesia at one-week high

Southeast Asian markets: Singapore, Indonesia at one-week high

Most Southeast stock markets gained on Friday with Singapore, Indonesia and the Philippines hitting more than one-week closing highs as a better-than-expected outcome for Italy's sovereign debt sale aided sentiment though slower first quarter Chinese grow
Published 14 Apr, 2012 12:00am
US stocks score second day of solid gains

US stocks score second day of solid gains

US stocks scored a second day of solid gains on Thursday, led by materials and energy stocks, as investors set aside weak figures on the domestic labour market. Rumours about strong growth figures due overnight from China helped wash away some of the worr
Published 14 Apr, 2012 12:00am
Friday's early afternoon trade: banks lead losses

Friday's early afternoon trade: banks lead losses

Wall Street was on track to end the week lower on Friday as the rising cost of insuring Spanish debt against default increased worries about Europe's financial health, sparking a selloff in financial stocks. In early afternoon trading, the S&P 500 was dow
Published 14 Apr, 2012 12:00am
Seoul stocks regain 2,000 points

Seoul stocks regain 2,000 points

South Korea shares snapped a three-day losing streak on Friday and the benchmark index regained the psychologically important 2,000-point level as investors brushed off concerns about North Korea's rocket launch and weaker-than-expected Chinese growth fig
Published 14 Apr, 2012 12:00am
Indian shares drop to two-week low

Indian shares drop to two-week low

India's main index fell more than 1 percent to a two-week low on Friday, as technology stocks dropped after bellwether Infosys kick started the domestic corporate earnings season with a disappointing revenue outlook. The forecast from India's No 2 softwar
Published 14 Apr, 2012 12:00am
Russia 2011-12 grain export may reach 27.5 million tonnes

Russia 2011-12 grain export may reach 27.5 million tonnes

Russian grain exports could exceed official estimates by 0.5 million tonnes and reach 27.5 million tonnes in 2011/12, as thawing ice allows shipments from shallow-water ports to resume and sales from state stocks boost market supplies. "During the remaini
Published 14 Apr, 2012 12:00am
KCA raises official spot rate to Rs 5,650 on cotton market

KCA raises official spot rate to Rs 5,650 on cotton market

Official spot rates' upward trend was maintained by KCA on the cotton market on Friday on the back of short stock position, dealers said. Official spot rate maintained its rising trend depicting further gain of Rs 50 to Rs 5650, they added. Prices of seed
Published 14 Apr, 2012 12:00am
Activity at Karachi and Karachi ports

Activity at Karachi and Karachi ports

The Karachi Port handled 32,305 tonnes of cargo comprising1 11,332 tonnes of import cargo and 20,973 tonnes of export cargo including 1,206 loaded & empty containers during last 24 hours ended at 0700 hours on Friday. The total import cargo of 11,332 tonn
Published 14 Apr, 2012 12:00am
Corn export premiums higher

Corn export premiums higher

Corn export premiums at the US Gulf Coast were higher on Thursday on robust export demand and tight old-crop supplies, traders said. Very slow farmer sales of old-crop corn keep available supplies tight. Producers await higher prices before liquidating th
Published 14 Apr, 2012 12:00am
US Midwest corn and soya bids steady

US Midwest corn and soya bids steady

Corn and soya spot basis bids held steady at processors and elevators in the US Midwest on Thursday, as producers turned attention to planting activities instead of marketing crops, dealers said. Farmer sales were slow as many producers were focused on fi
Published 14 Apr, 2012 12:00am
China's 2012 corn acreage seen up, soyabean down

China's 2012 corn acreage seen up, soyabean down

China's corn acreage this year is projected to rise 2.7 percent from 2011 to reach 35 million hectares, driven by record domestic prices and Beijing's subsidies, an industry website quoted an agriculture ministry survey as saying. A bumper corn harvest co
Published 14 Apr, 2012 12:00am
Rates unchanged on grain market

Rates unchanged on grain market

According to the wholesale grain and seed merchants group no change was seen in any commodity items on Friday as almost all the participants were busy in preparation for Juma prayers.
Published 14 Apr, 2012 12:00am
Message from Chairman Board of Investment

Message from Chairman Board of Investment

I congratulate the Pakistan-Japan governments and nations on the celebrations of diplomatic ties to reinforce their lasting strategic and economic partnership.I also appreciate Pak-Japan Business Forum, investors and businessmen for playing more pro-activ
Published 14 Apr, 2012 12:00am
Message from Ambassador of Japan to Pakistan

Message from Ambassador of Japan to Pakistan

It gives me a great pleasure to witness the strong bond of friendship between Japan and Pakistan as we celebrate the 60th anniversary of the establishment of our diplomatic relations this year. Japan and Pakistan have always helped each other, especially
Published 14 Apr, 2012 12:00am
Message from Ambassador of Pakistan to Japan

Message from Ambassador of Pakistan to Japan

I am delighted to learn that Pakistan-Japan Business Forum (PJBF) is arranging special supplements in the leading dailies of Pakistan to celebrate the 60th Anniversary of the establishment of diplomatic relations between Pakistan and Japan. I felicitate t
Published 14 Apr, 2012 12:00am
Message from Chief Executive TDAP

Message from Chief Executive TDAP

On behalf of the Trade Development Authority of Pakistan (TDAP), it is a matter of pride and honour to acknowledge the 60th year of Pakistan-Japan Ties. The extent of Pakistan-Japan friendship during these past 60 years is amply manifested by the fact tha
Published 14 Apr, 2012 12:00am
Message from Consul-General of Japan at Karachi

Message from Consul-General of Japan at Karachi

It is very fortunate and honoured for me to be a part of 60th anniversary celebration of diplomatic relationship between Japan and Pakistan. I am sure Pakistan is one of the countries whose people are mostly pro-Japanese. This is a great asset for Japan a
Published 14 Apr, 2012 12:00am
Message from Chairman, Japan- Pakistan Business cooperation Committee

Message from Chairman, Japan- Pakistan Business cooperation Committee

Please allow us to offer our heartfelt congratulations on the 60th anniversary of the establishment of diplomatic relations between Pakistan and Japan. During the past six decades, Japan and Pakistan have enjoyed cordial relations, despite a number of dra
Published 14 Apr, 2012 12:00am
Message from Chief Representative JICA

Message from Chief Representative JICA

As the duo brethren countries (Pakistan and Japan) celebrate their 60th anniversary of bilateral relations, Japan International Co-operation Agency (JICA) takes enormous pride in its character acting as a bridge connecting the two governments and its popu
Published 14 Apr, 2012 12:00am
Message from Chairman PJBF

Message from Chairman PJBF

It is indeed a great honour and a privileged for me as Chairman Pakistan Japan Business Forum for three consecutive terms to be celebrating 60 years of bilateral diplomatic relations with Japan. Our relations have blossom into an important substantial rel
Published 14 Apr, 2012 12:00am
Message from Country Director, JETRO

Message from Country Director, JETRO

Japan and Pakistan have had a strong and steady relationship for the last 60 yrs. As this milestone is reached new and ambitious targets and benchmarks need to be set to further strengthen and consolidate this alliance with tangible results. Both countrie
Published 14 Apr, 2012 12:00am
Message from President, HIDA

Message from President, HIDA

On the auspicious occasion of the 60th anniversary of Pakistani-Japanese diplomatic relations, I am indeed privileged to present a warm message. Over the past 60 years, we have witnessed that, although the world has changed drastically, a good bilateral r
Published 14 Apr, 2012 12:00am
Human Industrial Development Association, Japan

Human Industrial Development Association, Japan

The Overseas Human Resources and Industry Development Association (HIDA), a technical co-operation organisation based upon public private partnership, was established in Japan on 30 March 2012, from the merger of the Association for Overseas Technical Sch
Published 14 Apr, 2012 12:00am
Pakistan-Japan Economics

Pakistan-Japan Economics

JETRO is the trade and Investment arm for the Government of Japan in Pakistan. JETRO, Japan External Trade Organisation, is a government-related organisation that works to promote mutual trade and investment between Japan and the rest of the world. JETRO
Published 14 Apr, 2012 12:00am
Pakistan-Japan Joint Dialogue 2012

Pakistan-Japan Joint Dialogue 2012

The Pakistan Japan Business Forum was formed on February 6th, 2001 at a ceremony at the Consul General of Japan's official residence in Karachi in the presence of Japanese and Pakistani Diplomats as well as other dignitaries. The purpose of establishing t
Published 14 Apr, 2012 12:00am
Werewolves in our own backyards

Werewolves in our own backyards

A werewolf also known as lycanthrope is a mythological or folklore human with the ability to change into a wolf or an anthropomorphic wolf-like creature, either purposely or after being placed under a curse. They have superhuman strength, speed and senses
Published 14 Apr, 2012 12:00am
Hospital waste

Hospital waste

Hospital or healthcare waste is the by-product of health services rendered to the population by healthcare providers like public and private hospitals, general medical practitioners, academic and research institutions, medical laboratories, blood banks an
Published 14 Apr, 2012 12:00am
KARACHI CHRONICLE: Ignored noise

KARACHI CHRONICLE: Ignored noise

Karachiites are exposed to high levels of noise much beyond safe limits, often above 85 to 110 decibels, either at frequent intervals or for a long stretch of time between four to ten hours. This was stated at a noise pollution seminar conducted by the Pa
Published 14 Apr, 2012 12:00am
ART FACTS: Panorama of creativity

ART FACTS: Panorama of creativity

Masood Kohari is the pioneer and leading Pakistani artist who adopted the unique medium of crystal collages, glass work along with painting and drawing as a medium of expression. His sensibilities of form, texture and colour through different medium make
Published 14 Apr, 2012 12:00am
LITERARY NOTES: Progressive Writers Association New body takes over

LITERARY NOTES: Progressive Writers Association New body takes over

Progressive Writer Association (PWA) has had a chequered career. Formed in 1936 in Lucknow just one year after the London meeting of Indian writers, the motivating figure behind this organisation, whose Urdu name was 'Anjuman Taraqqi Pasand Musannifin', h
Published 14 Apr, 2012 12:00am
SBP leaves policy rate unchanged at 12 percent

SBP leaves policy rate unchanged at 12 percent

Leaving policy rate unchanged at 12 percent, the State Bank of Pakistan (SBP) on Friday announced a raise in minimum profit rate on saving products by one percent to 6 percent per annum to encourage depositors. State Bank issued Monetary Policy Statement
Published 14 Apr, 2012 12:00am
BRIDGE NOTES: No more ruffs please

BRIDGE NOTES: No more ruffs please

In dummy play, the most important safeguard that needs to be looked into is being aware of the enveloping danger that looms ahead after an obvious lead has signs of immediate Danger. Many a declarer have gone down in sheer innocence, quite unaware of the
Published 14 Apr, 2012 12:00am
SBP leaves policy rate unchanged at 12 percent

SBP leaves policy rate unchanged at 12 percent

Leaving policy rate unchanged at 12 percent, the State Bank of Pakistan (SBP) on Friday announced a raise in minimum profit rate on saving products by one percent to 6 percent per annum to encourage depositors. State Bank issued Monetary Policy Statement
Published 14 Apr, 2012 12:00am
SBP leaves policy rate unchanged at 12 percent

SBP leaves policy rate unchanged at 12 percent

Leaving policy rate unchanged at 12 percent, the State Bank of Pakistan (SBP) on Friday announced a raise in minimum profit rate on saving products by one percent to 6 percent per annum to encourage depositors. State Bank issued Monetary Policy Statement
Published 14 Apr, 2012 12:00am
New York cotton

New York cotton

the fluctuations observed during the day:

Published 14 Apr, 2012 12:00am
SBP leaves policy rate unchanged at 12 percent

SBP leaves policy rate unchanged at 12 percent

Leaving policy rate unchanged at 12 percent, the State Bank of Pakistan (SBP) on Friday announced a raise in minimum profit rate on saving products by one percent to 6 percent per annum to encourage depositors. State Bank issued Monetary Policy Statement
Published 14 Apr, 2012 12:00am
New York cotton

New York cotton

the fluctuations observed during the day:

Published 14 Apr, 2012 12:00am
Warning to banks

Warning to banks

The State Bank of Pakistan has asked banks to fix a minimum 6 percent profit rate on all saving schemes. Any violation of this instruction by any bank will render it liable for a punitive action. According to a SBP's BPRD Circular No 01 issued on Friday
Published 14 Apr, 2012 12:00am
Warning to banks

Warning to banks

The State Bank of Pakistan has asked banks to fix a minimum 6 percent profit rate on all saving schemes. Any violation of this instruction by any bank will render it liable for a punitive action. According to a SBP's BPRD Circular No 01 issued on Friday
Published 14 Apr, 2012 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

The Exchange Rates Committee of State Bank of Pakistan issued the following exchange rates bulletin here on Friday (April 13, 2012). Conversion rates for foreign currency deposits, DBC/FCBC, Special US$ Bonds and profits thereon and for forward cover for
Published 14 Apr, 2012 12:00am
Warning to banks

Warning to banks

The State Bank of Pakistan has asked banks to fix a minimum 6 percent profit rate on all saving schemes. Any violation of this instruction by any bank will render it liable for a punitive action. According to a SBP''s BPRD Circular No 01 issued on Friday
Published 14 Apr, 2012 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 14 Apr, 2012 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (April 13, 2012).

Published 14 Apr, 2012 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (April 13, 2012).

Published 14 Apr, 2012 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (April 13, 2012).

Published 14 Apr, 2012 12:00am
Ministers, ministers of state administered oath

Ministers, ministers of state administered oath

President Asif Ali Zardari on Friday administered oath to five federal ministers and six ministers of state. The ceremony held at the President's House was attended by Prime Minister Syed Yousuf Raza Gilani, Cabinet members, parliamentarians and senior of
Published 14 Apr, 2012 12:00am
Ministers, ministers of state administered oath

Ministers, ministers of state administered oath

President Asif Ali Zardari on Friday administered oath to five federal ministers and six ministers of state. The ceremony held at the President's House was attended by Prime Minister Syed Yousuf Raza Gilani, Cabinet members, parliamentarians and senior of
Published 14 Apr, 2012 12:00am
PCNS proposals: Fazl vows to resist Nato supply resumption

PCNS proposals: Fazl vows to resist Nato supply resumption

As the mystery continues to shroud resumption of Nato supply, Maulana Fazl-ur-Rehman, chief of his own faction of Jamiat Ulema-i-Islam-Fazl (JUI-F), on Friday dispelled the impression that the Parliamentary Committee on National Security (PCNS) has allowe
Published 14 Apr, 2012 12:00am
PCNS proposals: Fazl vows to resist Nato supply resumption

PCNS proposals: Fazl vows to resist Nato supply resumption

As the mystery continues to shroud resumption of Nato supply, Maulana Fazl-ur-Rehman, chief of his own faction of Jamiat Ulema-i-Islam-Fazl (JUI-F), on Friday dispelled the impression that the Parliamentary Committee on National Security (PCNS) has allowe
Published 14 Apr, 2012 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (April 13, 2012).

Published 14 Apr, 2012 12:00am
Drone strikes to go on

Drone strikes to go on

US officials say the White House has no intentions to end CIA drone strikes against militant targets on Pakistani soil. That could set the two countries up for diplomatic tensions after Pakistan's parliament unanimously approved new guidelines for the cou
Published 14 Apr, 2012 12:00am
Drone strikes to go on

Drone strikes to go on

US officials say the White House has no intentions to end CIA drone strikes against militant targets on Pakistani soil. That could set the two countries up for diplomatic tensions after Pakistan's parliament unanimously approved new guidelines for the cou
Published 14 Apr, 2012 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (April 13, 2012).
Published 14 Apr, 2012 12:00am
Index gains 105.69 points

Index gains 105.69 points

The Karachi share market on Friday witnessed a bullish trend on the back of across-the- board buying by both local and foreign investors. The benchmark KSE-100 index surged by 105.69 points to close at the level of 13,799.43 points. The foreign investors
Published 14 Apr, 2012 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (April 13, 2012).

Published 14 Apr, 2012 12:00am
Index gains 105.69 points

Index gains 105.69 points

The Karachi share market on Friday witnessed a bullish trend on the back of across-the- board buying by both local and foreign investors. The benchmark KSE-100 index surged by 105.69 points to close at the level of 13,799.43 points. The foreign investors
Published 14 Apr, 2012 12:00am
Index gains 105.69 points

Index gains 105.69 points

The Karachi share market on Friday witnessed a bullish trend on the back of across-the- board buying by both local and foreign investors. The benchmark KSE-100 index surged by 105.69 points to close at the level of 13,799.43 points. The foreign investors
Published 14 Apr, 2012 12:00am
BRIndex30 loses 75.44 points

BRIndex30 loses 75.44 points

On Friday, BRIndex30 opened at 10,258.59. It touched an intraday high of 10,477.49 and an intraday low of 10,157.36 and closed at 10,183.15 which was -75.44 points or -0.74 percent lower than previous close. Total volume was 267,798,740, which was 70.47 p
Published 14 Apr, 2012 12:00am
BRIndex30 loses 75.44 points

BRIndex30 loses 75.44 points

On Friday, BRIndex30 opened at 10,258.59. It touched an intraday high of 10,477.49 and an intraday low of 10,157.36 and closed at 10,183.15 which was -75.44 points or -0.74 percent lower than previous close. Total volume was 267,798,740, which was 70.47 p
Published 14 Apr, 2012 12:00am
Turkmenistan gas pipeline: Tapi nations to ink GSPA deal

Turkmenistan gas pipeline: Tapi nations to ink GSPA deal

The Economic Co-ordination Committee (ECC) of the Cabinet has been informed that the participating countries in the Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas pipeline project would sign the general sale purchase agreement (GSPA) on Monday, it was
Published 14 Apr, 2012 12:00am
Turkmenistan gas pipeline: Tapi nations to ink GSPA deal

Turkmenistan gas pipeline: Tapi nations to ink GSPA deal

The Economic Co-ordination Committee (ECC) of the Cabinet has been informed that the participating countries in the Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas pipeline project would sign the general sale purchase agreement (GSPA) on Monday, it was
Published 14 Apr, 2012 12:00am
Turkmenistan gas pipeline: Tapi nations to ink GSPA deal

Turkmenistan gas pipeline: Tapi nations to ink GSPA deal

The Economic Co-ordination Committee (ECC) of the Cabinet has been informed that the participating countries in the Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas pipeline project would sign the general sale purchase agreement (GSPA) on Monday, it was
Published 14 Apr, 2012 12:00am
India set to test a new long-range rocket next week

India set to test a new long-range rocket next week

India is within days of test-firing a long-range rocket capable of reaching deep into Asia and Europe, a move that would bring the emerging power into a small club of nations with intercontinental defence capabilities. Scientists are preparing to launch t
Published 14 Apr, 2012 12:00am
India set to test a new long-range rocket next week

India set to test a new long-range rocket next week

India is within days of test-firing a long-range rocket capable of reaching deep into Asia and Europe, a move that would bring the emerging power into a small club of nations with intercontinental defence capabilities. Scientists are preparing to launch t
Published 14 Apr, 2012 12:00am
India to accept Pakistan FDI as ties warm

India to accept Pakistan FDI as ties warm

India said Friday it would open up to direct foreign investment from Pakistan in a deepening of commercial ties that could help propel a peace process between the nuclear-armed rivals. The announcement by Trade Minister Anand Sharma, flanked by his Pakist
Published 14 Apr, 2012 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (April 13, 2012).

Published 14 Apr, 2012 12:00am
India to accept Pakistan FDI as ties warm

India to accept Pakistan FDI as ties warm

India said Friday it would open up to direct foreign investment from Pakistan in a deepening of commercial ties that could help propel a peace process between the nuclear-armed rivals. The announcement by Trade Minister Anand Sharma, flanked by his Pakist
Published 14 Apr, 2012 12:00am
India to accept Pakistan FDI as ties warm

India to accept Pakistan FDI as ties warm

India said Friday it would open up to direct foreign investment from Pakistan in a deepening of commercial ties that could help propel a peace process between the nuclear-armed rivals. The announcement by Trade Minister Anand Sharma, flanked by his Pakist
Published 14 Apr, 2012 12:00am
FBR plans to suggest one percent cut in corporate tax rate

FBR plans to suggest one percent cut in corporate tax rate

The Federal Board of Revenue is planning to propose to the Ministry of Finance to reduce the rate of corporate income tax from 35 to 34 percent for private and listed companies in the upcoming budget (2012-13). Sources told Business Recorder on Fri
Published 14 Apr, 2012 12:00am
FBR plans to suggest one percent cut in corporate tax rate

FBR plans to suggest one percent cut in corporate tax rate

The Federal Board of Revenue is planning to propose to the Ministry of Finance to reduce the rate of corporate income tax from 35 to 34 percent for private and listed companies in the upcoming budget (2012-13). Sources told Business Recorder on Fri
Published 14 Apr, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Friday (April 13, 2012).

Published 14 Apr, 2012 12:00am
FBR plans to suggest one percent cut in corporate tax rate

FBR plans to suggest one percent cut in corporate tax rate

The Federal Board of Revenue is planning to propose to the Ministry of Finance to reduce the rate of corporate income tax from 35 to 34 percent for private and listed companies in the upcoming budget (2012-13). Sources told Business Recorder on Fri
Published 14 Apr, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Friday (April 13, 2012).

Published 14 Apr, 2012 12:00am
China to begin delivering supertankers to Iran in May

China to begin delivering supertankers to Iran in May

Chinese shipyards are expected to deliver the first of 12 supertankers to Iranian oil shipping operator NITC in May, two months ahead of a European ban that would make it difficult for most of the world's fleet to carry the Opec member's oil.
Published 14 Apr, 2012 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

Jubilee Life Insurance Meeseq Fund Rates on Friday (April 13, 2012).

Published 14 Apr, 2012 12:00am
China to begin delivering supertankers to Iran in May

China to begin delivering supertankers to Iran in May

Chinese shipyards are expected to deliver the first of 12 supertankers to Iranian oil shipping operator NITC in May, two months ahead of a European ban that would make it difficult for most of the world's fleet to carry the Opec member's oil.
Published 14 Apr, 2012 12:00am
China to begin delivering supertankers to Iran in May

China to begin delivering supertankers to Iran in May

Chinese shipyards are expected to deliver the first of 12 supertankers to Iranian oil shipping operator NITC in May, two months ahead of a European ban that would make it difficult for most of the world''s fleet to carry the Opec member''s oil.
Published 14 Apr, 2012 12:00am
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