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Print - 2010-03-11
Opec raises oil demand forecast

Opec raises oil demand forecast

The Opec oil producers' cartel upgraded slightly on Wednesday its forecast for modest growth in world oil demand this year, but warned the slow pace of economic recovery was clouding the outlook. "World oil demand has been highly dependent upon the world
Published 11 Mar, 2010 12:00am
Farooqui's acquittal plea rejected

Farooqui's acquittal plea rejected

The Special Accountability Court-II Rawalpindi on Wednesday rejected the acquittal plea, filed by co-accused in ARY Gold reference Salman Farooqui, while observing that the acquittal was impossible without recording the statements of the prosecution witne
Published 11 Mar, 2010 12:00am
Pakistani students' deportation appeal case at London court

Pakistani students' deportation appeal case at London court

The three week hearing of five Pakistani students who have filed cases before a British immigration court against their deportation has began with a UK intelligence officer claiming that the group planned to strike just before their arrest in north west E
Published 11 Mar, 2010 12:00am
17 percent increase in July-February remittances

17 percent increase in July-February remittances

Remittances sent from overseas Pakistanis continued to show rising trend as $5,786.89 million was received in eight months (July-February period) of the current fiscal year, showing an increase of $868.26 million, or 17.65 percent, from $4,918.73 million
Published 11 Mar, 2010 12:00am
17 percent increase in July-February remittances

17 percent increase in July-February remittances

Remittances sent from overseas Pakistanis continued to show rising trend as $5,786.89 million was received in eight months (July-February period) of the current fiscal year, showing an increase of $868.26 million, or 17.65 percent, from $4,918.73 million
Published 11 Mar, 2010 12:00am
17 percent increase in July-February remittances

17 percent increase in July-February remittances

Remittances sent from overseas Pakistanis continued to show rising trend as $5,786.89 million was received in eight months (July-February period) of the current fiscal year, showing an increase of $868.26 million, or 17.65 percent, from $4,918.73 million
Published 11 Mar, 2010 12:00am
Finance has no plan to bail out power and oil sectors

Finance has no plan to bail out power and oil sectors

Despite the fact that power and oil sectors are in critical situation due to circular debt, the Finance Ministry has no immediate plan for fund releases or commitment to bail them out during the coming month of April, Business Recorder has learnt.
Published 11 Mar, 2010 12:00am
Finance has no plan to bail out power and oil sectors

Finance has no plan to bail out power and oil sectors

Despite the fact that power and oil sectors are in critical situation due to circular debt, the Finance Ministry has no immediate plan for fund releases or commitment to bail them out during the coming month of April, Business Recorder has learnt.
Published 11 Mar, 2010 12:00am
Government taking steps to facilitate free flow of information: Kaira

Government taking steps to facilitate free flow of information: Kaira

Minister for Information and Broadcasting, Qamar Zaman Kaira said on Wednesday that the present democratic government believed in freedom of expression and has been taking appropriate steps to facilitate the flow of information through an independent and
Published 11 Mar, 2010 12:00am
Prime Minister urges MPs to ensure provision of relief to common man

Prime Minister urges MPs to ensure provision of relief to common man

Prime Minister Syed Yousuf Raza Gilani on Wednesday called upon the elected members of parliament to take account of development work in their respective areas and assess the benefit and relief to the common man. Talking to a group of ministers and parlia
Published 11 Mar, 2010 12:00am
Business community waiting for new finance minister

Business community waiting for new finance minister

Business community is waiting anxiously for new finance minister, being delaying for more than 10 days since the resignation of Shaukat Tarin. Talking to Business Recorder, the business circles said many issues are lying pending with the absence of a fina
Published 11 Mar, 2010 12:00am
Law officers' appointments challenged

Law officers' appointments challenged

The Lahore High Court (LHC) here on Wednesday while hearing two identical petitions challenging appointments of more than 90 law officers observed that if the accused persons were free to engage lawyers of their own choice then why government could not en
Published 11 Mar, 2010 12:00am
NAB chief goes on long leave

NAB chief goes on long leave

National Accountability Bureau (NAB) Chairman Naveed Ahsan has gone on long leave and Deputy Chairman has taken over his responsibilities, Aaj News reported on Wednesday. Earlier, on February 24 NAB Chairman Naveed Ahsan tendered his resignation bu
Published 11 Mar, 2010 12:00am
Strategy to curb under-invoicing, smuggling through ATT under way

Strategy to curb under-invoicing, smuggling through ATT under way

The Federal Board of Revenue (FBR) is evolving a concrete and foolproof strategy to get rid of menace of under-invoicing and smuggling through the Afghan Transit Trade (ATT) once for all, as both these malpractice's are hitting the country's economy badly
Published 11 Mar, 2010 12:00am
Shahbaz directs to appoint 277 specialist doctors for DHQs, THQs

Shahbaz directs to appoint 277 specialist doctors for DHQs, THQs

Chief Minister Punjab Muhammad Shahbaz Sharif, with a view to overcoming the shortage of Specialist Doctors, has directed the Health Department to appoint immediately 277 Specialists for DHQ and THQ hospitals under Punjab Health Sector Reforms Programme.
Published 11 Mar, 2010 12:00am
BRIndex30 down 3.54 points

BRIndex30 down 3.54 points

On Wednesday, the BRIndex30 opened at 8,578.30 points and after remaining in positive for almost an hour, it fell and then largely remained in negative. It touched intraday high of 8,631.37 and low of 8,543.80 poinys and closed at 8,574.76 points showing
Published 11 Mar, 2010 12:00am
Mixed trend on stock market

Mixed trend on stock market

After witnessing mixed trend, the KSE-100 index on Wednesday closed at 9,784.98 points level with a marginal loss of 2.05 points due to profit taking opted by investors. The market opened on a positive note and the index hit 9,842.72 points intra-day high
Published 11 Mar, 2010 12:00am
Mixed trend on stock market

Mixed trend on stock market

After witnessing mixed trend, the KSE-100 index on Wednesday closed at 9,784.98 points level with a marginal loss of 2.05 points due to profit taking opted by investors. The market opened on a positive note and the index hit 9,842.72 points intra-day high
Published 11 Mar, 2010 12:00am
Mixed trend on stock market

Mixed trend on stock market

After witnessing mixed trend, the KSE-100 index on Wednesday closed at 9,784.98 points level with a marginal loss of 2.05 points due to profit taking opted by investors. The market opened on a positive note and the index hit 9,842.72 points intra-day high
Published 11 Mar, 2010 12:00am
Government may relax quantitative restrictions on yarn export

Government may relax quantitative restrictions on yarn export

On the spinners'' threat to go on strike, the government may relax the quantitative restrictions on export of yarn, which was fixed and brought down to 35 million kg per month from 50 million kg. Informed sources revealed that the Textile Ministry is like
Published 11 Mar, 2010 12:00am
BRIndex30 down 3.54 points

BRIndex30 down 3.54 points

On Wednesday, the BRIndex30 opened at 8,578.30 points and after remaining in positive for almost an hour, it fell and then largely remained in negative. It touched intraday high of 8,631.37 and low of 8,543.80 poinys and closed at 8,574.76 points showing
Published 11 Mar, 2010 12:00am
Government may relax quantitative restrictions on yarn export

Government may relax quantitative restrictions on yarn export

On the spinners' threat to go on strike, the government may relax the quantitative restrictions on export of yarn, which was fixed and brought down to 35 million kg per month from 50 million kg. Informed sources revealed that the Textile Ministry is likel
Published 11 Mar, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (March 10, 2010).

Published 11 Mar, 2010 12:00am
Government may relax quantitative restrictions on yarn export

Government may relax quantitative restrictions on yarn export

On the spinners' threat to go on strike, the government may relax the quantitative restrictions on export of yarn, which was fixed and brought down to 35 million kg per month from 50 million kg. Informed sources revealed that the Textile Ministry is likel
Published 11 Mar, 2010 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (March 10, 2010).
Published 11 Mar, 2010 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 Wednesday (March 10, 2010).

Published 11 Mar, 2010 12:00am
Cabinet approves replacement of CEOs of eight PSEs by June 30

Cabinet approves replacement of CEOs of eight PSEs by June 30

The Federal Cabinet on Wednesday gave approval for replacement of Chief Executive Officers (CEOs) of eight Pubic Sector Enterprises by June 30 as well as formation of independent and professional Board of Directors by April 30.
Published 11 Mar, 2010 12:00am
Finance has no plan to bail out power and oil sectors

Finance has no plan to bail out power and oil sectors

Despite the fact that power and oil sectors are in critical situation due to circular debt, the Finance Ministry has no immediate plan for fund releases or commitment to bail them out during the coming month of April, Business Recorder has learnt.
Published 11 Mar, 2010 12:00am
ADB''s aide-memoir on power sector debts: MoF asked to be tough on banks

ADB''s aide-memoir on power sector debts: MoF asked to be tough on banks

Asian Development Bank (ADB) has advised the Finance Ministry not to bow down before "unreasonable terms by the banks just for the sake of speed," with reference to dealing with power sector debts, according to an aide-memoir, a copy of which is available
Published 11 Mar, 2010 12:00am
ADB's aide-memoir on power sector debts: MoF asked to be tough on banks

ADB's aide-memoir on power sector debts: MoF asked to be tough on banks

Asian Development Bank (ADB) has advised the Finance Ministry not to bow down before "unreasonable terms by the banks just for the sake of speed," with reference to dealing with power sector debts, according to an aide-memoir, a copy of which is available
Published 11 Mar, 2010 12:00am
ADB's aide-memoir on power sector debts: MoF asked to be tough on banks

ADB's aide-memoir on power sector debts: MoF asked to be tough on banks

Asian Development Bank (ADB) has advised the Finance Ministry not to bow down before "unreasonable terms by the banks just for the sake of speed," with reference to dealing with power sector debts, according to an aide-memoir, a copy of which is available
Published 11 Mar, 2010 12:00am
Cabinet approves replacement of CEOs of eight PSEs by June 30

Cabinet approves replacement of CEOs of eight PSEs by June 30

The Federal Cabinet on Wednesday gave approval for replacement of Chief Executive Officers (CEOs) of eight Pubic Sector Enterprises by June 30 as well as formation of independent and professional Board of Directors by April 30.
Published 11 Mar, 2010 12:00am
Cabinet approves replacement of CEOs of eight PSEs by June 30

Cabinet approves replacement of CEOs of eight PSEs by June 30

The Federal Cabinet on Wednesday gave approval for replacement of Chief Executive Officers (CEOs) of eight Pubic Sector Enterprises by June 30 as well as formation of independent and professional Board of Directors by April 30.
Published 11 Mar, 2010 12:00am
Prime Minister to visit finance ministry on March 13

Prime Minister to visit finance ministry on March 13

Prime Minister Yousaf Raza will visit Ministry of Finance on March 13 to have a detailed briefing on current economic situation. Sources said Prime Minister''s visit to the Ministry of Finance and briefing on the economic situation may be an indicator tha
Published 11 Mar, 2010 12:00am
Prime Minister to visit finance ministry on March 13

Prime Minister to visit finance ministry on March 13

Prime Minister Yousaf Raza will visit Ministry of Finance on March 13 to have a detailed briefing on current economic situation. Sources said Prime Minister's visit to the Ministry of Finance and briefing on the economic situation may be an indicator that
Published 11 Mar, 2010 12:00am
Prime Minister to visit finance ministry on March 13

Prime Minister to visit finance ministry on March 13

Prime Minister Yousaf Raza will visit Ministry of Finance on March 13 to have a detailed briefing on current economic situation. Sources said Prime Minister's visit to the Ministry of Finance and briefing on the economic situation may be an indicator that
Published 11 Mar, 2010 12:00am
US hikers held in Iran allowed to call family

US hikers held in Iran allowed to call family

Three US hikers being detained in Iran for entering the country illegally were allowed to phone their families for the first time since their arrest, their supporters said Wednesday. The New York-based support group "Free the Hikers" said Iranian authorit
Published 11 Mar, 2010 12:00am
Israeli settlement plan illegal: Ban

Israeli settlement plan illegal: Ban

UN Secretary General Ban Ki-moon has condemned an Israeli plan to build 1,600 new housing units in East Jerusalem as incompatible with international law. The plan also hampers any realistic peace process, a spokesman for the secretary general said in New
Published 11 Mar, 2010 12:00am
Arabs to respond to Israeli settlement move: Qatar

Arabs to respond to Israeli settlement move: Qatar

Arab states will respond clearly to Israel's decision to expand east Jerusalem settlements, a move that came even after they backed new peace talks despite doubts, Qatar's premier said Wednesday. "There will a meeting today between the representatives of
Published 11 Mar, 2010 12:00am
Erdogan gets Saudi nod as Middle East force

Erdogan gets Saudi nod as Middle East force

Turkey's role as a key player in Middle East and Arab affairs was set in cement when the Saudis honoured Prime Minister Recep Tayyip Erdogan with a prestigious prize for his "service to Islam." With its own efforts to advance Palestinian-Israeli peace tal
Published 11 Mar, 2010 12:00am
Russia sees over $10 billion in deals with India

Russia sees over $10 billion in deals with India

Russia plans to sign over $10 billion worth of deals with India during the visit of Prime Minister Vladimir Putin later this week, Putin's deputy, Sergei Sobyanin, told Reuters in an interview. The deals will range from contracts for the joint design of a
Published 11 Mar, 2010 12:00am
Aung San Suu Kyi to be barred from party and polls

Aung San Suu Kyi to be barred from party and polls

Myanmar opposition icon Aung San Suu Kyi faces exclusion from her own party and is barred from standing in polls this year under the military junta's new election laws unveiled Wednesday. In a move branded "disappointing and regrettable" by the United Sta
Published 11 Mar, 2010 12:00am
National Seniors Cup: Sajid and Jaffer hit centuries

National Seniors Cup: Sajid and Jaffer hit centuries

Karachi Whites beat Hyderabad Seniors by 108 runs in a league match of National Seniors Cup played at Asghar Ali Shah Cricket Stadium on Tuesday. Batting first, Karachi Whites scored 260 runs for no wickets in the allotted 25 overs. Both the openers forme
Published 11 Mar, 2010 12:00am
Asia falls flat at World Cup

Asia falls flat at World Cup

Former Olympians and coaches on Wednesday lamented the poor showing by Asian teams at the men's field hockey World Cup, saying Europe and Australia were now the masters of the game. None of the three Asian teams in the 12-nation tournament - South Korea,
Published 11 Mar, 2010 12:00am
IUB win Inter-varsity Rugby Championship

IUB win Inter-varsity Rugby Championship

Islamic University Bahawalpur (IUB) won Inter-varsity Rugby Championship by defeating University of Central Punjab (UCP) in the final round, which was played on Wednesday at the University of Veterinary and Animal Sciences (UVAS) ground.
Published 11 Mar, 2010 12:00am
PSWA hails PCB's chief for Mohsin's appointment

PSWA hails PCB's chief for Mohsin's appointment

Pakistan Sportsmen Welfare Association (PSWA) Secretary General Manzoor Ali Arif has hailed Pakistan Cricket Board (PCB) Chairman Ijaz Butt for appointing former test cricketer Mohsin Hasan Khan as Chairman Selection Committee of PCB. Khan was appointed a
Published 11 Mar, 2010 12:00am
Sohail Tanveer advised four-month rest

Sohail Tanveer advised four-month rest

Pacer Sohail Tanveer who was sent to Australia by Pakistan Cricket Board (PCB) had to undergo a successful knee operation on Wednesday. Dr Young performed his operation in Australia, a spokesman of Pakistan Cricket Board said. Sohail Tanveer has been advi
Published 11 Mar, 2010 12:00am
Rivals on edge for World Cup semi-finals

Rivals on edge for World Cup semi-finals

Injury-stricken England hope to build on their amazing resurgence in field hockey when they take on defending champions Germany in the World Cup semi-final on Thursday. Hot favourites Australia take on a shaky Netherlands in the other semi-final the same
Published 11 Mar, 2010 12:00am
Bayern book Champions League quarters berth

Bayern book Champions League quarters berth

Bayern Munich booked their place in the quarter-finals of the Champions League on Tuesday despite losing 3-2 to a valiant Fiorentina in a topsy-turvy encounter. The German side, who had won 2-1 in Munich, went through on the away goals' rule after the agg
Published 11 Mar, 2010 12:00am
Court handed dossier on Greek betting matches

Court handed dossier on Greek betting matches

Greek General Secretary for Sports Panayiotis Bitsaxis on Wednesday handed over to the district attorney's office of the Supreme Court a report from UEFA that the results of six recent matches in the country are "suspicious." The matches in question inclu
Published 11 Mar, 2010 12:00am
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