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Print - 2010-03-22
Futures open interest down by 5.7 percent

Futures open interest down by 5.7 percent

The open interest at the futures counter declined by 5.7 percent on week-on-week basis to Rs 2.1 billion. The futures spreads were going in the same direction by 21.7pps to stand at 22.83 percent, on account of suppressed sentiment at the futures counter,
Published 22 Mar, 2010 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (March 15 to 20, 2010).

Published 22 Mar, 2010 12:00am
The Weather

The Weather

The weather report on Sunday (March 14, 2010) and the forecast for Monday (March 15, 2010).

Published 22 Mar, 2010 12:00am
SSGC increases gas supply to KESC to 170mmcf per day

SSGC increases gas supply to KESC to 170mmcf per day

The Sui Southern Gas Company (SSGC) has increased gas supply to Karachi Electric Supply Company (KESC) to 170 mmcf per day to meet the rising demand of the power company in the city.
Published 22 Mar, 2010 12:00am
SSGC increases gas supply to KESC to 170mmcf per day

SSGC increases gas supply to KESC to 170mmcf per day

The Sui Southern Gas Company (SSGC) has increased gas supply to Karachi Electric Supply Company (KESC) to 170 mmcf per day to meet the rising demand of the power company in the city.
Published 22 Mar, 2010 12:00am
SSGC increases gas supply to KESC to 170mmcf per day

SSGC increases gas supply to KESC to 170mmcf per day

The Sui Southern Gas Company (SSGC) has increased gas supply to Karachi Electric Supply Company (KESC) to 170 mmcf per day to meet the rising demand of the power company in the city.
Published 22 Mar, 2010 12:00am
Terror risk still high, EU anti-terrorism chief warns

Terror risk still high, EU anti-terrorism chief warns

European Union citizens should not assume that the terrorist threat to Europe has receded just because there have been no major attacks in recent years, EU anti-terrorism co-ordinator Gilles De Kerchove warned Sunday.
Published 22 Mar, 2010 12:00am
IMF paints grim picture of fiscal tightening needs

IMF paints grim picture of fiscal tightening needs

Developed countries with big budget deficits must start now to prepare public opinion for the belt-tightening that will be needed starting next year, the No 2 official at the IMF said on Sunday.
Published 22 Mar, 2010 12:00am
PPP and MQM agree on extending local bodies elections date

PPP and MQM agree on extending local bodies elections date

Pakistan People's Party (PPP) and Muttahida Qaumi Movement (MQM) have agreed on 45-day extension in the date of Local Bodies elections, Aaj News reported Sunday. Sindh Governor Dr Ishrat-ul-Ibad Khan has promulgated the Ordinance for the extension in the
Published 22 Mar, 2010 12:00am
Taliban commanders given training in Iran: report

Taliban commanders given training in Iran: report

Hundreds of insurgents have been trained in Iran to kill Nato forces in Afghanistan, two Taliban commanders told a British Sunday newspaper. The unnamed commanders told The Sunday Times that Iranian officials paid them to attend three-month courses in des
Published 22 Mar, 2010 12:00am
India tests new hi-tech cruise missile: report

India tests new hi-tech cruise missile: report

India successfully tested on Sunday a new "manoeuvrable" version of the BrahMos supersonic cruise missile it developed with Russia, a report said. The missile was fired from a naval ship in the Bay of Bengal off India's east coast, BrahMos aerospace chief
Published 22 Mar, 2010 12:00am
US senators set for fight on financial reform

US senators set for fight on financial reform

The tactics Republicans deploy as the US Senate Banking Committee begins hashing out new rules for financial products, banks and derivatives on Monday could signal whether a bipartisan bill will emerge. Republicans are expected to offer hundreds of amendm
Published 22 Mar, 2010 12:00am
Government likely to raise oil prices by Rs 3-4/ litre

Government likely to raise oil prices by Rs 3-4/ litre

The government is likely to increase oil prices by Rs 3-4 per litre on the back of hike in global oil prices from April 1, 2010. Sources said that at present, the average oil price in gulf market ranged between 77 to 78 dollars per barrel that accounted f
Published 22 Mar, 2010 12:00am
Government likely to raise oil prices by Rs 3-4/ litre

Government likely to raise oil prices by Rs 3-4/ litre

The government is likely to increase oil prices by Rs 3-4 per litre on the back of hike in global oil prices from April 1, 2010. Sources said that at present, the average oil price in gulf market ranged between 77 to 78 dollars per barrel that accounted f
Published 22 Mar, 2010 12:00am
Government likely to raise oil prices by Rs 3-4/ litre

Government likely to raise oil prices by Rs 3-4/ litre

The government is likely to increase oil prices by Rs 3-4 per litre on the back of hike in global oil prices from April 1, 2010. Sources said that at present, the average oil price in gulf market ranged between 77 to 78 dollars per barrel that accounted f
Published 22 Mar, 2010 12:00am
Air strikes kill 15 Taliban

Air strikes kill 15 Taliban

Air strikes killed 15 Taliban in tribal areas on Sunday, where militants beheaded three tribesmen accusing them of spying for the United States. Five of the militants were killed in air strikes on a village in Orakzai tribal district, where militants flee
Published 22 Mar, 2010 12:00am
Air strikes kill 15 Taliban

Air strikes kill 15 Taliban

Air strikes killed 15 Taliban in tribal areas on Sunday, where militants beheaded three tribesmen accusing them of spying for the United States. Five of the militants were killed in air strikes on a village in Orakzai tribal district, where militants flee
Published 22 Mar, 2010 12:00am
During eight months: Rs 884 million released for NWFP, Punjab projects

During eight months: Rs 884 million released for NWFP, Punjab projects

The government has released Rs 884 million for 491 development schemes under Khushhal Pakistan Programme (KPP-I), specifically for enhancing gas supply, and People's Works Program (PWP-I) during eight months (July-February) of ongoing financial year 2009-
Published 22 Mar, 2010 12:00am
During eight months: Rs 884 million released for NWFP, Punjab projects

During eight months: Rs 884 million released for NWFP, Punjab projects

The government has released Rs 884 million for 491 development schemes under Khushhal Pakistan Programme (KPP-I), specifically for enhancing gas supply, and People's Works Program (PWP-I) during eight months (July-February) of ongoing financial year 2009-
Published 22 Mar, 2010 12:00am
During eight months: Rs 884 million released for NWFP, Punjab projects

During eight months: Rs 884 million released for NWFP, Punjab projects

The government has released Rs 884 million for 491 development schemes under Khushhal Pakistan Programme (KPP-I), specifically for enhancing gas supply, and People''s Works Program (PWP-I) during eight months (July-February) of ongoing financial year 2009
Published 22 Mar, 2010 12:00am
Eight killed in drone attack

Eight killed in drone attack

A US drone aircraft fired two missiles into an al Qaeda and Taliban hideout in North Waziristan on Sunday, killing eight militants, Pakistani intelligence officials said. The identity of the militants killed in the Lowari Mandi area of the North Wazirista
Published 22 Mar, 2010 12:00am
Eight killed in drone attack

Eight killed in drone attack

A US drone aircraft fired two missiles into an al Qaeda and Taliban hideout in North Waziristan on Sunday, killing eight militants, Pakistani intelligence officials said. The identity of the militants killed in the Lowari Mandi area of the North Wazirista
Published 22 Mar, 2010 12:00am
Allawi leads Iraq vote, Maliki asks for recount

Allawi leads Iraq vote, Maliki asks for recount

Secularist challenger Iyad Allawi retained a slim lead in Iraq's tight election race after a preliminary count of 95 percent of votes released on Sunday. The lead from Iraq's March 7 parliamentary election has switched several times between Allawi's cross
Published 22 Mar, 2010 12:00am
Allawi leads Iraq vote, Maliki asks for recount

Allawi leads Iraq vote, Maliki asks for recount

Secularist challenger Iyad Allawi retained a slim lead in Iraq's tight election race after a preliminary count of 95 percent of votes released on Sunday. The lead from Iraq's March 7 parliamentary election has switched several times between Allawi's cross
Published 22 Mar, 2010 12:00am
US House Democrats expect healthcare bill passage

US House Democrats expect healthcare bill passage

Democratic leaders in the US House of Representatives said on Sunday they were confident they had the votes to pass a sweeping healthcare reform bill and deliver President Barack Obama a landmark political victory.
Published 22 Mar, 2010 12:00am
US House Democrats expect healthcare bill passage

US House Democrats expect healthcare bill passage

Democratic leaders in the US House of Representatives said on Sunday they were confident they had the votes to pass a sweeping healthcare reform bill and deliver President Barack Obama a landmark political victory.
Published 22 Mar, 2010 12:00am
Ruling party loses heavily in French regional polls

Ruling party loses heavily in French regional polls

French President Nicolas Sarkozy's centre-right bloc suffered a comprehensive defeat in Sunday's local elections, but managed to cling on to power in one mainland region to avoid a whitewash, exit polls said.
Published 22 Mar, 2010 12:00am
Ruling party loses heavily in French regional polls

Ruling party loses heavily in French regional polls

French President Nicolas Sarkozy's centre-right bloc suffered a comprehensive defeat in Sunday's local elections, but managed to cling on to power in one mainland region to avoid a whitewash, exit polls said.
Published 22 Mar, 2010 12:00am
Ban calls on Israel to end blockade

Ban calls on Israel to end blockade

United Nations Secretary-General Ban Ki-moon on Sunday urged Israel to end a three year-long blockade of the Hamas-run Gaza Strip and called on Palestinians to heal their political rifts. Ban's visit to the blockaded territory follows a trip made by the E
Published 22 Mar, 2010 12:00am
THE RUPEE: rates move both ways

THE RUPEE: rates move both ways

Despite higher demand for dollars, the rupee managed to resist sharp fall versus the US currency during the week ended on March 20, 2010. On the interbank market, the rupee rose by five paisa in terms of dollar for buying and selling at 84.35 and 84.40.
Published 22 Mar, 2010 12:00am
THE RUPEE: rates move both ways

THE RUPEE: rates move both ways

Despite higher demand for dollars, the rupee managed to resist sharp fall versus the US currency during the week ended on March 20, 2010. On the interbank market, the rupee rose by five paisa in terms of dollar for buying and selling at 84.35 and 84.40.
Published 22 Mar, 2010 12:00am
Qadirpur compression project in doldrums

Qadirpur compression project in doldrums

The compression project at Qadirpur gas field is in doldrums due to lack of co-ordination between the Oil and Gas Development Company Limited (OGDC) and the contractors, which has strongly upset the Ministry of Petroleum, Business Recorder has lear
Published 22 Mar, 2010 12:00am
Qadirpur compression project in doldrums

Qadirpur compression project in doldrums

The compression project at Qadirpur gas field is in doldrums due to lack of co-ordination between the Oil and Gas Development Company Limited (OGDC) and the contractors, which has strongly upset the Ministry of Petroleum, Business Recorder has lear
Published 22 Mar, 2010 12:00am
Qadirpur compression project in doldrums

Qadirpur compression project in doldrums

The compression project at Qadirpur gas field is in doldrums due to lack of co-ordination between the Oil and Gas Development Company Limited (OGDC) and the contractors, which has strongly upset the Ministry of Petroleum, Business Recorder has lear
Published 22 Mar, 2010 12:00am
China to retaliate if targeted by US on yuan

China to retaliate if targeted by US on yuan

Beijing will retaliate if the United States declares China a currency manipulator and imposes trade sanctions, Commerce Minister Chen Deming said on Sunday, firing the latest salvo in a spat over the value of the yuan.
Published 22 Mar, 2010 12:00am
China to retaliate if targeted by US on yuan

China to retaliate if targeted by US on yuan

Beijing will retaliate if the United States declares China a currency manipulator and imposes trade sanctions, Commerce Minister Chen Deming said on Sunday, firing the latest salvo in a spat over the value of the yuan.
Published 22 Mar, 2010 12:00am
China to retaliate if targeted by US on yuan

China to retaliate if targeted by US on yuan

Beijing will retaliate if the United States declares China a currency manipulator and imposes trade sanctions, Commerce Minister Chen Deming said on Sunday, firing the latest salvo in a spat over the value of the yuan.
Published 22 Mar, 2010 12:00am
Stocks fluctuate on KSE

Stocks fluctuate on KSE

The stock market witnessed mixed trend during the week ended on March 20, 2010 and KSE-100 index closed at 10,000.93 points, with a loss of 25.06 points. Trading shrank and average daily volume at ready counter declined to 162.810 million shares, or 9 per
Published 22 Mar, 2010 12:00am
Stocks fluctuate on KSE

Stocks fluctuate on KSE

The stock market witnessed mixed trend during the week ended on March 20, 2010 and KSE-100 index closed at 10,000.93 points, with a loss of 25.06 points. Trading shrank and average daily volume at ready counter declined to 162.810 million shares, or 9 per
Published 22 Mar, 2010 12:00am
Stocks fluctuate on KSE

Stocks fluctuate on KSE

The stock market witnessed mixed trend during the week ended on March 20, 2010 and KSE-100 index closed at 10,000.93 points, with a loss of 25.06 points. Trading shrank and average daily volume at ready counter declined to 162.810 million shares, or 9 per
Published 22 Mar, 2010 12:00am
Raisani links Balochistan situation with Afghan war

Raisani links Balochistan situation with Afghan war

Chief Minister of Balochistan Nawab Muhammad Aslam Raisani on Sunday linked the current deteriorating law and order situation in Balochistan to ongoing war in Afghanistan. Talking to media at Civil Hospital Quetta, he said that ongoing Afghan war had crea
Published 22 Mar, 2010 12:00am
SC pressure starts bearing fruit

SC pressure starts bearing fruit

Despite deadlines, set by the Supreme Court, to trace out the missing persons, government agencies have continued to resort to delaying tactics. The issue is highly sensitive as what is involved is the freedom and even the lives of those who are supposed
Published 22 Mar, 2010 12:00am
Tax targets

Tax targets

When facing the reality becomes too painful, it is better to take shelter behind wishful thinking. The government of Pakistan sometimes seems to follow such an easy approach while fixing fiscal targets, which hardly stand any chance of materialising.
Published 22 Mar, 2010 12:00am
India chided for Hurriyet leaders' detention

India chided for Hurriyet leaders' detention

In occupied Kashmir, the Jammu and Kashmir Peoples Freedom League (JKPFL) has strongly denounced the continued illegal detention of Hurriyet leaders and activists. The JKPFL spokesman in a statement issued in occupied Srinagar said that the Kashmiri detai
Published 22 Mar, 2010 12:00am
Tobacco second major cause of death world-wide: report

Tobacco second major cause of death world-wide: report

Tobacco is the second major cause of death world-wide and death toll is rising rapidly especially in the low and middle-income countries where most of the world's 1.2 billion tobacco users are living.
Published 22 Mar, 2010 12:00am
Pre-construction activities of gas-fired 560MW CCPP under way

Pre-construction activities of gas-fired 560MW CCPP under way

To address Karachi's power shortage, KESC entered into an EPC contract with Harbin, China's leading exporter of large scale power plant equipment in June 2008 to build a gas-fired 560MW Combined Cycle Power Plant (CCPP) at Bin Qasim.
Published 22 Mar, 2010 12:00am
Only 40 percent schools have well equipped libraries

Only 40 percent schools have well equipped libraries

Only 40 percent schools have well equipped libraries while 25 percent enjoying the facility of proper auditorium. It was revealed through a brief survey on co-curricular activities at various schools conducted by Centre for Civic Education.
Published 22 Mar, 2010 12:00am
PG trainee doctors: 'CPSP certificate must for posting'

PG trainee doctors: 'CPSP certificate must for posting'

Health Department Punjab has directed the Post Graduate trainee doctors selected by Punjab Public Service Commission to produce registration certificate duly issued by the College of Physicians and Surgeons Pakistan (CPSP) for posting in Teaching Hospital
Published 22 Mar, 2010 12:00am
Oil theft at petrol pumps: call to ensure checking meters' accuracy

Oil theft at petrol pumps: call to ensure checking meters' accuracy

The Karachi Transport Action Committee President, Mohammad Ashraf Banglori, and Chudhry Mazhar Hussain, have demanded of the Sindh government to ensure checking of oil filling machine metres of all petrol pumps in the city so as to end oil theft. "Many pe
Published 22 Mar, 2010 12:00am
Advisory to pollen allergy sufferers

Advisory to pollen allergy sufferers

Pollen allergy patients should avoid to go to lush green areas including parks, gardens in evening and morning timings as pollen numbers increase during these times.
Published 22 Mar, 2010 12:00am
No deadlock between PPP and coalition partners in Sindh: Malik

No deadlock between PPP and coalition partners in Sindh: Malik

Interior Minister Rehman Malik said there was no deadlock between Pakistan Peoples Party and MQM and both the parties had consensus on all issues. He was talking to a private TV news channel after his meeting with Pakistan Muslim League-Functional leader
Published 22 Mar, 2010 12:00am
Mother and sister of Dr Aafia call on Malik

Mother and sister of Dr Aafia call on Malik

Sister of Dr Aafia Siddiqi, Fauzia Siddiqi along with her mother met with Interior Minister Rehman Malik at the CM House here on Sunday. During the meeting, the Federal Minister for Interior Affairs assured them on behalf of President Asif Ali Zardari and
Published 22 Mar, 2010 12:00am
Commuters demand action against double road encroachers

Commuters demand action against double road encroachers

The commuters daily visiting Islamabad from double road on Sunday demanded a full fledged anti-encroachment operation at the double road as a spacious road has been turned into a virtual one-lane road mostly by workshop owners and others.
Published 22 Mar, 2010 12:00am
Nothing dramatic expected of Pak-India talks: Krishna

Nothing dramatic expected of Pak-India talks: Krishna

Indian External Affairs Minister S M Krishna said on Sunday that nothing dramatic was expected from Pak-India Secretary - level talks and India wanted to assess Pakistan's position on issues. In an interview with Karan Thapar in Devil's Advocate programme
Published 22 Mar, 2010 12:00am
Qamar opens SZABIST branch in Tando Muhammad Khan

Qamar opens SZABIST branch in Tando Muhammad Khan

Federal Minister for Petroleum and Natural Resources, Naveed Qamar, has said that present government is carrying forward the vision of Benazir Bhutto to provide quality education to people at their doorsteps.
Published 22 Mar, 2010 12:00am
Illegal CNG station demolished

Illegal CNG station demolished

The Capital Development Authority (CDA) Directorate of Enforcement on Sunday demolished illegal CNG Station built on the land of CDA. Police and staff of Directorate of Enforcement under the supervision of Director Faiz Muhammad, Assistant Director Muhamm
Published 22 Mar, 2010 12:00am
'FBR should make its officials accountable'

'FBR should make its officials accountable'

Federal Tax Ombudsman (FTO) Dr Shoaib Suddle has said the FTO office has forwarded some viable recommendations to the Federal Board of Revenue (FBR) for introducing changes in tax laws through Finance Bill (2010-2011) with a view to removing distortions f
Published 22 Mar, 2010 12:00am
PML-N never compromised on principles: Khwaja Asif

PML-N never compromised on principles: Khwaja Asif

A prominent leader of Pakistan Muslim League-Nawaz (PML-N) Khwaja Muhammad Asif has said that PML-N believes in politics of principles and never compromised on it. Addressing a big election meeting in Gujrat on Sunday, he said that our political rivals ar
Published 22 Mar, 2010 12:00am
Chief minister inquires about Maulana Tariq's health

Chief minister inquires about Maulana Tariq's health

Punjab Chief Minister Muhammad Shahbaz Sharif visited the residence of Amir Tablighi Jamaat, Maulana Tariq Jamil and inquired about his health. CM also presented him a bouquet and prayed for his early recovery. Makhdoom Ahmad Mahmood, MPA, was also along
Published 22 Mar, 2010 12:00am
NH&MP to allow entry of heavy bikes from March 23

NH&MP to allow entry of heavy bikes from March 23

Inspector General National Highways & Motorway Police, Dr Wasim Kauser has said that the NH&MP is allowing the entry of heavy bikes to run on motorways from 23rd March 2010. In this respect, a special ceremony will be held on 23rd of March 2010 at Ravi To
Published 22 Mar, 2010 12:00am
Two killed in Kotli

Two killed in Kotli

Two persons were killed and two others injured in different incidents in the suburb of Kotli on Sunday, police said. According to police sources, a 35 year old Nisar was gunned down when he was going home at Tian. In second incident, Sumair, 7 was crushed
Published 22 Mar, 2010 12:00am
'Efforts being made to bring about educational revolution'

'Efforts being made to bring about educational revolution'

Chief Minister Punjab, Shahbaz Sharif is making all out efforts to bring about educational revolution in the province and working on the agenda of provision of education to the poor children, as it is their basic right. Punjab Minister for Auqaf and Relig
Published 22 Mar, 2010 12:00am
Resignation of Water and Power Minister demanded

Resignation of Water and Power Minister demanded

People belonging to various walks of life, including businessmen and students have expressed deep concern over the poor performance of Wapda and demanded resignation of Federal Minister for Water and Power Raja Pervaiz Ashraf voluntarily for rendering pit
Published 22 Mar, 2010 12:00am
Unique export culture: 'separate business plan' for Sialkot sought

Unique export culture: 'separate business plan' for Sialkot sought

Sialkot is the only export-oriented city in Pakistan where 99 percent products produced are exported to various parts of the globe. Through export, Sialkot based small and medium industries were earning foreign exchange at least over one billion dollars y
Published 22 Mar, 2010 12:00am
Fahim to meet key players for finalising Trade Policy

Fahim to meet key players for finalising Trade Policy

Commerce Minister Makhdoom Amin Fahim has assured that he would meet the key players of commerce and industry for finalising the 2010-2011 Trade Policy and Pakistan Trade Act soon to diversify and increase exports.
Published 22 Mar, 2010 12:00am
Pepco tests patience of nation in hot, dry weather

Pepco tests patience of nation in hot, dry weather

There was no let up in the electricity break down even on Sunday as hot and dry weather touched sixty eight years' old record of hot temperature in the month of March in the provincial capital.
Published 22 Mar, 2010 12:00am
Billions to be spent on uplift of infrastructure: chief minister Punjab

Billions to be spent on uplift of infrastructure: chief minister Punjab

Punjab Chief Minister (CM) Muhammad Shahbaz Sharif on Sunday said that a network of roads, flyovers and underpasses costing billions of rupees is being laid throughout the province with a vision to elevate the infrastructure for rapid progress of Punjab.
Published 22 Mar, 2010 12:00am
1973 Constitution: Fafen for reforms in election-related provisions

1973 Constitution: Fafen for reforms in election-related provisions

The Free and Fair Election Network (Fafen) has called for significant reforms to the election-related provisions of the 1973 Constitution to bring meaningful improvement in the administration and quality of future elections in the country.
Published 22 Mar, 2010 12:00am
Futures open interest down by 5.7 percent

Futures open interest down by 5.7 percent

The open interest at the futures counter declined by 5.7 percent on week-on-week basis to Rs 2.1 billion. The futures spreads were going in the same direction by 21.7pps to stand at 22.83 percent, on account of suppressed sentiment at the futures counter,
Published 22 Mar, 2010 12:00am
Futures open interest down by 5.7 percent

Futures open interest down by 5.7 percent

The open interest at the futures counter declined by 5.7 percent on week-on-week basis to Rs 2.1 billion. The futures spreads were going in the same direction by 21.7pps to stand at 22.83 percent, on account of suppressed sentiment at the futures counter,
Published 22 Mar, 2010 12:00am
Futures open interest down by 5.7 percent

Futures open interest down by 5.7 percent

The open interest at the futures counter declined by 5.7 percent on week-on-week basis to Rs 2.1 billion. The futures spreads were going in the same direction by 21.7pps to stand at 22.83 percent, on account of suppressed sentiment at the futures counter,
Published 22 Mar, 2010 12:00am
India faces more rate hikes to tame inflation: analysts

India faces more rate hikes to tame inflation: analysts

India's central bank looks set to tighten monetary policy further after raising interest rates for the first time in nearly two years as it bids to check spiralling inflation, economists say. In a move that surprised experts, the Reserve Bank of India (RB
Published 22 Mar, 2010 12:00am
OECD's Gurria sees combined EU-IMF support for Greece

OECD's Gurria sees combined EU-IMF support for Greece

Combined support for Greece from the IMF and the European Union would be the best way to help the over-borrowed country deal with its debt crisis, OECD Secretary General Angel Gurria said on Sunday.
Published 22 Mar, 2010 12:00am
GM South Korean unit recalls 60,000 Cruze, Captiva models

GM South Korean unit recalls 60,000 Cruze, Captiva models

General Motors Co's South Korean unit plans to recall some 60,000 of the Chevy Cruze small car and the Captiva sports utility vehicle (SUV) in South Korea, the government and the company said on Sunday.
Published 22 Mar, 2010 12:00am
South African deputy president calls an end to violent protests

South African deputy president calls an end to violent protests

South African deputy president Kgalema Motlanthe on Sunday called for an end to violent public protests as the country remembered the Sharpeville massacre in which 69 people were killed, 50 years ago. "The people of Langa and Sharpville in 1960 did not vo
Published 22 Mar, 2010 12:00am
Venezuela punishes 80 firms for big power use

Venezuela punishes 80 firms for big power use

Venezuela announced on Sunday 24-hour power cut-offs for 80 firms that have failed to reduce electricity usage in the first punitive measures of a nation-wide drive to save energy amid an electricity crisis.
Published 22 Mar, 2010 12:00am
MONEY WEEK: no rate cut expected

MONEY WEEK: no rate cut expected

The rupee has been gaining strength in the open market; the flurry of foreign inflows is helping KSE 100 index to hover around the 10000 points level; the current account deficit is gradually falling; and so is the country's sovereign risk premium. Seldom
Published 22 Mar, 2010 12:00am
MONEY WEEK: no rate cut expected

MONEY WEEK: no rate cut expected

The rupee has been gaining strength in the open market; the flurry of foreign inflows is helping KSE 100 index to hover around the 10000 points level; the current account deficit is gradually falling; and so is the country's sovereign risk premium. Seldom
Published 22 Mar, 2010 12:00am
MONEY WEEK: no rate cut expected

MONEY WEEK: no rate cut expected

The rupee has been gaining strength in the open market; the flurry of foreign inflows is helping KSE 100 index to hover around the 10000 points level; the current account deficit is gradually falling; and so is the country''s sovereign risk premium. Seldo
Published 22 Mar, 2010 12:00am
Indian police discover explosives on domestic flight

Indian police discover explosives on domestic flight

Police in India's southern tourist resort state of Kerala said on Sunday they had discovered explosives on an airliner. The explosives, made in India, were discovered as airport personnel were offloading luggage from a Kingfisher Airlines flight that had
Published 22 Mar, 2010 12:00am
World Water Day being marked today

World Water Day being marked today

As elsewhere, the World Water Day would be observed in the metropolis on Monday (today). A number of organisations have announced holding of events to mark the occasion.
Published 22 Mar, 2010 12:00am
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