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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2010-03-23
EU and IMF can each help Greece: Juncker

EU and IMF can each help Greece: Juncker

Eurozone finance chief Jean-Claude Juncker said Monday that aid to overcome a Greek debt crisis could be jointly sourced from the European Union and the IMF but need not be firmly decided at this week's EU summit. "I am not in favour of going to the Inter
Published 23 Mar, 2010 12:00am
Japanese iron ore reached deal

Japanese iron ore reached deal

Japanese steelmakers and iron ore miners have reached a tentative deal to adopt short-term contracts linked to the spot market, ending the decades-old annual benchmark system, the Financial Times said on Monday. "There is an understanding on both sides to
Published 23 Mar, 2010 12:00am
US corn and soybeans flat

US corn and soybeans flat

US soybean and grain futures drifted in a narrow range on Monday as the dollar gained and traders showed caution ahead of a US plantings forecast due at the end of the month. Japanese traders were sidelined because of a public holiday while the rest of th
Published 23 Mar, 2010 12:00am
China copper, aluminium demand up

China copper, aluminium demand up

China's implied demand for copper and aluminium rose strongly in February compared to January, Reuters calculations based on official Chinese data showed on Monday. Implied demand for copper jumped 18.7 percent over the previous month while aluminium dema
Published 23 Mar, 2010 12:00am
Chinese commercial crude stocks up 5.2 percent in February: OGP

Chinese commercial crude stocks up 5.2 percent in February: OGP

Chinese oil companies built up 1.4 million tonnes (10.2 million barrels) of crude oil stocks in February as they imported the second-highest level of crude to prepare for an expected rise in domestic demand. China's commercial crude oil inventory stood at
Published 23 Mar, 2010 12:00am
Malaysian palm oil creeps down

Malaysian palm oil creeps down

Malaysian palm oil futures ended down on Monday as investors took profit on expectation of milder weather and due to easing crude oil prices. Benchmark June crude palm oil futures on the Bursa Malaysia Derivatives Exchange closed down 5 ringgit or 0.19 pe
Published 23 Mar, 2010 12:00am
Shell, Petrochina agree on $3.1 billion Arrow takeover

Shell, Petrochina agree on $3.1 billion Arrow takeover

Royal Dutch Shell and Petrochina convinced Arrow Energy to accept an increased $3.1 billion bid, giving resource-hungry China its first bite of Australia's burgeoning coal-seam gas industry. The offer, which needs approval from Australian regulators and A
Published 23 Mar, 2010 12:00am
Greek budget deficit falls sharply

Greek budget deficit falls sharply

Greece's budget deficit in the first two months this year plunged more than 77 percent, the finance ministry said on Monday, as the debt-strapped country tries to put its public finances in order. Government receipts rose 13.2 percent to 8.75 billion euro
Published 23 Mar, 2010 12:00am
China to help Bangladesh in port expansion

China to help Bangladesh in port expansion

China has agreed to help finance a $8.7 billion deep-sea port in Bangladesh and set up road and rail links between the two countries, Foreign Minister Dipu Moni said on Monday. "The details of the financing will be worked out in follow up meetings of the
Published 23 Mar, 2010 12:00am
Philippine poll leaders say will halt rice imports

Philippine poll leaders say will halt rice imports

The leading ticket in opinion polls for the Philippines' presidency will immediately stop rice imports and boost the local farm sector if voted in at the May elections, vice-presidential candidate Manuel Roxas said on Monday. The Philippines is the world'
Published 23 Mar, 2010 12:00am
Barroso presses: Merkel on Greek aid, Athens warns

Barroso presses: Merkel on Greek aid, Athens warns

The head of the European Commission challenged German Chancellor Angela Merkel to rise above domestic politics and agree on a financial safety net for debt-stricken Greece to help preserve European monetary union. Greece's deputy prime minister meanwhile
Published 23 Mar, 2010 12:00am
China pushes May meeting to ease strains with US

China pushes May meeting to ease strains with US

A top-level meeting between China and the United States in May will be "very important" for defusing strains between the two big economies, Chinese Premier Wen Jiabao said in conciliatory comments on Monday. Wen made the remarks in a meeting with foreign
Published 23 Mar, 2010 12:00am
Qatar to supply India additional LNG

Qatar to supply India additional LNG

Qatar has agreed to supply an additional 4 million tonnes of liquefied natural gas (LNG) to India by 2013 as the energy-deficient country expands its capacity to handle imports, Indian officials said on Monday. Qatar, which already supplies 7.5 million to
Published 23 Mar, 2010 12:00am
Dubai restaurants banned from cooking with alcohol

Dubai restaurants banned from cooking with alcohol

Dubai restaurants will face stiff fines for cooking with alcohol following a municipality ban, a United Arab Emirates newspaper reported on Monday. The National daily reported that Dubai's municipality sent a notice to restaurants banning the sale of dish
Published 23 Mar, 2010 12:00am
German bank levy plan boosts chance of global deal

German bank levy plan boosts chance of global deal

Germany's coalition has agreed to place a levy on banks to raise billions of euros for future bailouts, boosting the chances of a global deal later this year. Berlin's move means it is no longer left pushing for a Tobin tax on financial transactions that
Published 23 Mar, 2010 12:00am
IMF calls for more Asian infrastructure, social spending

IMF calls for more Asian infrastructure, social spending

Asia's developing economies must invest more in infrastructure and social welfare to promote long-term growth in a region where millions fell back into poverty during the global economic crisis, an IMF official said Monday. John Lipsky also said that, des
Published 23 Mar, 2010 12:00am
Tata Motors invests in Myanmar

Tata Motors invests in Myanmar

India's largest vehicle maker Tata Motors said on Monday it signed a contract with Myanmar Automobile and Diesel Industries to set up a heavy truck plant in the military-ruled country. The new plant would be set up at Magwe, nearly 480 kilometres (300 mil
Published 23 Mar, 2010 12:00am
British Airways cabin crew wants talks

British Airways cabin crew wants talks

Striking British Airways cabin crew offered on Monday to resume talks with the company to try to settle a dispute that could damage the ruling Labour Party in an election due within weeks. Cabin crew were due to return to work on Tuesday after a three-day
Published 23 Mar, 2010 12:00am
Oil drops to $80

Oil drops to $80

Oil fell towards $80 on Monday as a firmer dollar, nagging worries over Greece's debt and a surprise interest rate hike by India at the end of last week stoked concern over demand. However, fears of global oversupply are countered by a decline in China's
Published 23 Mar, 2010 12:00am
Hong Kong gold closes lower

Hong Kong gold closes lower

Hong Kong gold closed lower on Monday at 1,107.00-1,108.00 US dollars an ounce, down from Friday's close of 1,124.00-1,125.00 dollars. It opened at 1,104.00-1,105.00 dollars.
Published 23 Mar, 2010 12:00am
Japanese market closed

Japanese market closed

Japanese domestic markets were closed for a national holiday on Monday, the trade will resume on Tuesday.
Published 23 Mar, 2010 12:00am
Gold ends steady in Asia

Gold ends steady in Asia

Gold was steady on Monday as dollar strength that drove bullion 1.7 percent lower in the previous session, its biggest loss since early February, weighed on the market. The dollar was steady versus the euro on Monday, having jumped on Friday on speculatio
Published 23 Mar, 2010 12:00am
Shanghai copper tumbles

Shanghai copper tumbles

Shanghai copper fell more than 1 percent on Monday weighed down by a stronger dollar and as investors continued to worry about Greece's debt crisis. The US dollar was firmer in Asia on Monday as concerns over Greece weighed on the euro ahead of a euro zon
Published 23 Mar, 2010 12:00am
Amended review petitions in NRO case filed

Amended review petitions in NRO case filed

Though the federation claims that it did not defend the controversial National Reconciliation Ordinance (NRO) in the Supreme Court, on Monday it went for protection of benefits derived from the legislation particularly closure of Swiss corruption cases, s
Published 23 Mar, 2010 12:00am
Australia may abolish remaining wheat export rules

Australia may abolish remaining wheat export rules

Australia's wheat marketing regulations should be abolished by September next year, the country's Productivity Commission said in a draft report released Monday. It said the A$13.9 billion ($12.7 billion) industry, the world's fourth largest exporter of t
Published 23 Mar, 2010 12:00am
Amended review petitions in NRO case filed

Amended review petitions in NRO case filed

Though the federation claims that it did not defend the controversial National Reconciliation Ordinance (NRO) in the Supreme Court, on Monday it went for protection of benefits derived from the legislation particularly closure of Swiss corruption cases, s
Published 23 Mar, 2010 12:00am
Russian milling wheat exports rise

Russian milling wheat exports rise

Russian milling wheat exports rose to reflect a weaker US dollar last week, in contrast to a decline in domestic grain prices that followed the international market trend, analysts said on Monday. Analysts and traders expect Russian grain prices to decrea
Published 23 Mar, 2010 12:00am
New York Times quotes Business Recorder on Pak-US dialogue

New York Times quotes Business Recorder on Pak-US dialogue

A top US daily in its report on the US-Pakistan strategic dialogue quoted on Monday a passage from an editorial of Pakistan's Business Recorder. According to the New York Times, in a sign of the mounting power of the army over the civilian g
Published 23 Mar, 2010 12:00am
Ivorian cocoa arrivals seen higher

Ivorian cocoa arrivals seen higher

Cocoa arrivals at ports in top grower Ivory Coast reached around 873,000 tonnes by March 21, exporters estimated on Monday, which is only about four thousand tonnes more than at the same stage in last year's poor season. Exporters estimated only 4,000 ton
Published 23 Mar, 2010 12:00am
New York Times quotes Business Recorder on Pak-US dialogue

New York Times quotes Business Recorder on Pak-US dialogue

A top US daily in its report on the US-Pakistan strategic dialogue quoted on Monday a passage from an editorial of Pakistan's Business Recorder. According to the New York Times, in a sign of the mounting power of the army over the civilian g
Published 23 Mar, 2010 12:00am
Holiday notice

Holiday notice

The offices of Business Recorderwill remain closed today Tuesday (March 23) on account of Pakistan Day. Arrangements have, however, been made to bring out the paper and Internet Edition tomorrow, Wednesday (March 24) as usual.
Published 23 Mar, 2010 12:00am
Weather set to favour Brazil's soya producing states

Weather set to favour Brazil's soya producing states

Rains are due to pass over Brazil's main southern soyabean producing states on Monday but loading of ships at Paranagua port is not expected to see serious delays from the storms, forecaster Somar said. "The rain will be very welcome in the south where so
Published 23 Mar, 2010 12:00am
Australian shares dip

Australian shares dip

Australian stocks snapped a four-day winning streak, dropping 0.9 percent on Monday, with miners losing ground as demand worries hurt commodity prices. Arrow Energy fell 3.6 percent to A$5.1, its sharpest daily fall in a month, after it said it had agreed
Published 23 Mar, 2010 12:00am
Australian dollar edges back

Australian dollar edges back

The Australian dollar inched lower against its US counterpart on Monday, hobbled by rising interest rates in major trade partner India, and fresh concerns over sovereign debt in Europe. Still, the Aussie remained strong against the euro and sterling and c
Published 23 Mar, 2010 12:00am
Swiss franc not far off historic high

Swiss franc not far off historic high

The Swiss franc edged closer to an all-time high against the euro on Monday and traders were watching closely to see just how much the Swiss National Bank will allow the Swissie to climb. The SNB has been intervening in the forex markets over the past yea
Published 23 Mar, 2010 12:00am
China stocks rally; Hong Kong ends at two-week low

China stocks rally; Hong Kong ends at two-week low

China's key stock index closed up 0.22 percent on Monday, with banking stocks gaining as the market shrugged off a surprise rate hike in India that had pushed other major Asian markets lower. In Hong Kong, shares of rate-sensitive property and banking sha
Published 23 Mar, 2010 12:00am
Baker Steel Resources gets positive response to IPO

Baker Steel Resources gets positive response to IPO

Baker Steel Resources Trust, set to float in London around the second half of April, said it had received a positive response from investors for its planned listing and 70 million pound ($106.4 million) share placing. "We have had a very good response so
Published 23 Mar, 2010 12:00am
Baker Steel Resources gets positive response to IPO

Baker Steel Resources gets positive response to IPO

Baker Steel Resources Trust, set to float in London around the second half of April, said it had received a positive response from investors for its planned listing and 70 million pound ($106.4 million) share placing. "We have had a very good response so
Published 23 Mar, 2010 12:00am
Thailand's $3 billion savings bond issue delayed

Thailand's $3 billion savings bond issue delayed

Thailand's planned issue of up to 100 billion baht ($3 billion) worth of government savings bonds has been delayed to late April due to political turmoil, a Finance Ministry official said on Monday. The six-year bonds, for refinancing loans borrowed for s
Published 23 Mar, 2010 12:00am
Thailand's $3 billion savings bond issue delayed

Thailand's $3 billion savings bond issue delayed

Thailand's planned issue of up to 100 billion baht ($3 billion) worth of government savings bonds has been delayed to late April due to political turmoil, a Finance Ministry official said on Monday. The six-year bonds, for refinancing loans borrowed for s
Published 23 Mar, 2010 12:00am
China yields fall

China yields fall

Chinese bill and bond yields mostly eased on Monday after a senior government economist said over the weekend that China's 2010 inflation goal of 3 percent was achievable. Yao Jingyuan, chief economist of the National Bureau of Statistics, said ample grai
Published 23 Mar, 2010 12:00am
China yields fall

China yields fall

Chinese bill and bond yields mostly eased on Monday after a senior government economist said over the weekend that China's 2010 inflation goal of 3 percent was achievable. Yao Jingyuan, chief economist of the National Bureau of Statistics, said ample grai
Published 23 Mar, 2010 12:00am
Philippine bonds consolidate gains

Philippine bonds consolidate gains

Philippine bond yields paused near four-month lows on Monday as investors waited for an 8.5 billion pesos ($186 million) treasury bill auction later in the day. With liquidity ample in domestic money markets and growing expectations that the central bank
Published 23 Mar, 2010 12:00am
Philippine bonds consolidate gains

Philippine bonds consolidate gains

Philippine bond yields paused near four-month lows on Monday as investors waited for an 8.5 billion pesos ($186 million) treasury bill auction later in the day. With liquidity ample in domestic money markets and growing expectations that the central bank
Published 23 Mar, 2010 12:00am
South Korea bond yields fall

South Korea bond yields fall

South Korean treasury bond yields declined to a near 11-month low on renewed talk about the possible inclusion of the country's bonds in a global index and as concerns over Greece boosted risk appetite. Treasury yields have been on the decrease since the
Published 23 Mar, 2010 12:00am
South Korea bond yields fall

South Korea bond yields fall

South Korean treasury bond yields declined to a near 11-month low on renewed talk about the possible inclusion of the country's bonds in a global index and as concerns over Greece boosted risk appetite. Treasury yields have been on the decrease since the
Published 23 Mar, 2010 12:00am
Seoul shares fall

Seoul shares fall

Seoul shares fell 0.8 percent on Monday as steel issues including POSCO dragged on the market, with caution pervading on news of an India interest rate hike and the approval of US healthcare reform. Buying appetite dried up after a weak finish on Wall Str
Published 23 Mar, 2010 12:00am
Taiwan stocks lose steam

Taiwan stocks lose steam

Taiwan stocks fell 0.78 percent on Monday, edging away from a two-month closing high, as losses on Wall Street and fears over a parts shortage hurt technology shares including Acer. Analysts say both retail and foreign investors were waiting for US stocks
Published 23 Mar, 2010 12:00am
Euro stays under pressure

Euro stays under pressure

The euro hovered at its weakest levels in three weeks on Monday and the dollar remained firm as Europe remained divided over aid to debt-burdened Greece ahead of a summit later this week. The dollar index held near Friday's two-week high as uncertainty ov
Published 23 Mar, 2010 12:00am
Argentina sees debt swap launch in three weeks

Argentina sees debt swap launch in three weeks

Argentina expects to launch within three weeks a swap to take up to $20 billion in defaulted bonds off the market and pave the way to issue new debt, Finance Secretary Hernan Lorenzino told Reuters. Lorenzino said Argentina had received final approval fro
Published 23 Mar, 2010 12:00am
Argentina sees debt swap launch in three weeks

Argentina sees debt swap launch in three weeks

Argentina expects to launch within three weeks a swap to take up to $20 billion in defaulted bonds off the market and pave the way to issue new debt, Finance Secretary Hernan Lorenzino told Reuters. Lorenzino said Argentina had received final approval fro
Published 23 Mar, 2010 12:00am
German official exports to China soar in 2009

German official exports to China soar in 2009

German exports to China rose by seven percent last year, official statistics showed on Monday, bucking the trend in a dismal year for Europe's top economy, where overall exports slumped by 18 percent Goods "made in Germany" exported to China - mainly mach
Published 23 Mar, 2010 12:00am
Indonesia central bank signals no rate hike this year

Indonesia central bank signals no rate hike this year

Indonesia's central bank reiterated on Monday that interest rates were likely to be kept unchanged this year owing to benign inflationary pressures, a view far more dovish than most market analysts. "We expect inflation to be within its target range this
Published 23 Mar, 2010 12:00am
Lufthansa pilots to go back on strike from April 13

Lufthansa pilots to go back on strike from April 13

Pilots at German flagship carrier Lufthansa plan a fresh four-day work stoppage from April 13 after failing again to reach an agreement over pay and job security, a union said on Monday. The pilots had already gone on strike last month, causing about 2,00
Published 23 Mar, 2010 12:00am
Argentina sees debt swap launch in three weeks

Argentina sees debt swap launch in three weeks

Argentina expects to launch within three weeks a swap to take up to $20 billion in defaulted bonds off the market and pave the way to issue new debt, Finance Secretary Hernan Lorenzino told Reuters on Sunday. Lorenzino said Argentina had received final ap
Published 23 Mar, 2010 12:00am
Ukraine to send team to Moscow for gas talks

Ukraine to send team to Moscow for gas talks

A Ukrainian delegation will travel to Moscow on Tuesday to discuss a gas agreement between the two countries, the energy ministry and the state energy company Naftogaz said. The visit will be the first attempt by the new leadership of President Viktor Yan
Published 23 Mar, 2010 12:00am
Thailand plays down unrest impact on foreign investment

Thailand plays down unrest impact on foreign investment

Thailand's finance minister on Monday said anti-government protests had not deterred foreign investors in the country, but said its tumultuous politics were "impossible to understand". "Broadly speaking, we're not seeing any signs yet that investors are s
Published 23 Mar, 2010 12:00am
Kuwait says Opec meet before October unlikely

Kuwait says Opec meet before October unlikely

Opec is unlikely to hold an extraordinary meeting in June ahead of its scheduled meeting in October as the producer group foresees little change in oil prices, Kuwait's oil minister was quoted as saying. Sheikh Ahmad al-Abdullah al-Sabah said Opec members
Published 23 Mar, 2010 12:00am
Chrysler to build electric Fiat 500 for US market

Chrysler to build electric Fiat 500 for US market

US auto giant Chrysler on Monday announced it would build an electric version of Fiat's compact 500 - or Cinquecento - for the US market. "Beginning in 2012, Chrysler Group will manufacture the Fiat 500EV for the United States market," the company said in
Published 23 Mar, 2010 12:00am
US firms feel increasingly unwelcome in China: survey

US firms feel increasingly unwelcome in China: survey

A growing number of American businesses feel unwelcome in China because of what they see as discriminatory government policies and inconsistent legal treatment, a survey released Monday said. The American Chamber of Commerce in China asked 203 member comp
Published 23 Mar, 2010 12:00am
Russia denies bid for US air tanker contract

Russia denies bid for US air tanker contract

Russia denied on Monday that its state-run United Aviation Corporation (UAC) planned to bid for a $50 billion contract to replace the US Air Force's fleet of air tankers, rivalling Boeing Co and Europe's EADS. John Kirkland, a Los Angeles-based attorney,
Published 23 Mar, 2010 12:00am
US sees food security as next big Africa push

US sees food security as next big Africa push

The Obama administration will put food security at the heart of its Africa policy, as it seeks to enhance ongoing US efforts on trade, investment and HIV/AIDS on the continent, a top US diplomat said. "We want to see the food security initiative take on g
Published 23 Mar, 2010 12:00am
British recovery weak as stimulus ends: employers' group

British recovery weak as stimulus ends: employers' group

Britain's economic recovery will remain fragile until the middle of next year due to the withdrawal of stimulus measures, the Confederation of British Industry warned Monday. The end of emergency steps to combat the recession such as the reduction in Valu
Published 23 Mar, 2010 12:00am
Web can save Britain billions: Brown

Web can save Britain billions: Brown

Britain can save billions of pounds a year by embracing online technology in public services, Prime Minister Gordon Brown said on Monday, weeks before an election being partly fought over soaring government borrowing. Brown said the Labour government, whi
Published 23 Mar, 2010 12:00am
Yamaha keen to invest 15 billion yen

Yamaha keen to invest 15 billion yen

Yamaha, a leading motorbikes manufacturer, is keen to invest around ¥15billion in Pakistan. In a statement issued here on Monday, Yamaha is interested to make foreign direct investment of ¥15 billion in motorcycles industry. For the purpose, a high level
Published 23 Mar, 2010 12:00am
New name for NWFP: Nisar and Asfandyar hold meeting to settle issue

New name for NWFP: Nisar and Asfandyar hold meeting to settle issue

Awami National Party Chief Asfandyar Wali and PML-N leader Chaudhry Nisar Ali Khan on Monday held a meeting to settle the issue of renaming the NWFP, reliable sources told Business Recorder. The ANP has already linked the renaming of the NWFP with
Published 23 Mar, 2010 12:00am
FROM A RINGSIDE SEAT

FROM A RINGSIDE SEAT

A rare show of unanimity was witnessed in the Senate on Monday when some treasury and opposition members walked out of the House in protest tearing the Anti-Money Laundering Bill into pieces barely an hour after the unanimous passage.
Published 23 Mar, 2010 12:00am
THE RUPEE: dollar eases

THE RUPEE: dollar eases

Firmness prevailed on the local currency market on Monday as the rupee reacted but positively versus dollar and euro, experts said. On the interbank market the rupee rose by five paisa against dollar for buying and selling at 84.30 and 84.35, they said. I
Published 23 Mar, 2010 12:00am
LHC again defers announcement of verdict in Dr Khan case

LHC again defers announcement of verdict in Dr Khan case

Lahore High Court (LHC) on Monday deferred again the announcement of its verdict in a petition filed by the federal government for restricting movement of nuclear scientist, Dr Abdul Qadeer Khan and Khan's petition against such restrictions.
Published 23 Mar, 2010 12:00am
THE RUPEE: dollar eases

THE RUPEE: dollar eases

Firmness prevailed on the local currency market on Monday as the rupee reacted but positively versus dollar and euro, experts said. On the interbank market the rupee rose by five paisa against dollar for buying and selling at 84.30 and 84.35, they said. I
Published 23 Mar, 2010 12:00am
Capital Police foil terrorist move planned for Pakistan Day

Capital Police foil terrorist move planned for Pakistan Day

Islamabad Police have foiled a big terrorist move, planned for Pakistan Day, and arrested a group of hardcore terrorists and mastermind of several terrorist attacks in Islamabad, including the UN-World Food Programme suicide attack of October last year.
Published 23 Mar, 2010 12:00am
'Judiciary not getting even one percent of total budgetary allocations'

'Judiciary not getting even one percent of total budgetary allocations'

The Supreme Court Registrar on Monday underlined the need for more funding for infrastructure to enhance the capacity of courts to combat backlog or pendency in future, while stating that the third pillar of the state: judiciary was not getting even one p
Published 23 Mar, 2010 12:00am
Twin cities' transport fares problem resolved

Twin cities' transport fares problem resolved

After violent protests and consecutive three-day wheel-jam strike, the administration held dialogue with transporters on Monday and both the sides agreed to reduce overall transport fares. The meeting was held in the office of Commissioner Rawalpindi Divi
Published 23 Mar, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 22, 2010).

Published 23 Mar, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 22, 2010).

Published 23 Mar, 2010 12:00am
Petition filed against appointments of Ijaz Butt, Wasim Bari

Petition filed against appointments of Ijaz Butt, Wasim Bari

A constitutional petition has been filed before the Supreme Court against appointments of Ijaz Butt as Chairman Pakistan Cricket Board (PC) and Wasim Bari as chief operating officer. The petition was filed by a citizen, Imtiaz Rashid Qureshi through couns
Published 23 Mar, 2010 12:00am
'Government taking revolutionary steps for uplift of agriculture-sector'

'Government taking revolutionary steps for uplift of agriculture-sector'

Punjab Chief Minster, Shahbaz Sharif has said the Punjab government has initiated revolutionary step for the uplift of the agriculture sector and prosperity of farmers. He said that his government had provided five thousand tractors on subsidised rates to
Published 23 Mar, 2010 12:00am
Unannounced power outages: business community for launching protest

Unannounced power outages: business community for launching protest

A number of Industrial and Trade Associations on Monday called for steps on war footing to end the unannounced prolonged loadshedding because, according to them, the situation was fast heading towards a point of no return and forcing the business communit
Published 23 Mar, 2010 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 13th March, 2010.

Published 23 Mar, 2010 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 13th March, 2010.

Published 23 Mar, 2010 12:00am
'Violations of Indus Waters Treaty by India never go unnoticed'

'Violations of Indus Waters Treaty by India never go unnoticed'

Pakistan's Indus Commissioner, Syed Jamaat Ali Shah has said India is not implementing Indus Basin Water Treaty in letter and spirit but it should remember that violations of Indus Basin Water Treaty never go unnoticed. Shah was speaking at a seminar orga
Published 23 Mar, 2010 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (March 22, 2010).

Published 23 Mar, 2010 12:00am
The Lahore Resolution

The Lahore Resolution

The Lahore Resolution, which was subsequently known as Pakistan Resolution, was passed on March 23, 1940 at what was then called Lahore's Minto Park exactly at the place where the Minar-e-Pakistan stands today. It was on this occasion that the Quaid made
Published 23 Mar, 2010 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (March 22, 2010).

Published 23 Mar, 2010 12:00am
Constitutional status of Fata

Constitutional status of Fata

As clamour for urgent legislation of the Eighteenth Amendment acquires crescendo, any mention of the constitutional future of the four million tribesmen in the Federally-Administered Tribal Areas (Fata) appears to have gone with the wind. These days we he
Published 23 Mar, 2010 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (March 22, 2010).

Published 23 Mar, 2010 12:00am
Market volatility could lead to another mess

Market volatility could lead to another mess

Recently, 130 US lawmakers called for sanctions against China unless it agrees to let its currency appreciate on the international currency markets; rumour is that the US Treasury may label China a 'currency manipulator'. The US views itself as the lawgiv
Published 23 Mar, 2010 12:00am
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