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Print - 2010-03-28
Sri Lankan who wrote about conversion to Islam held

Sri Lankan who wrote about conversion to Islam held

Sri Lankan police have arrested an author who converted from Buddhism to Islam and wrote two books about taking up her new faith, police said Saturday. Buddhism is the religion of some 70 percent of Sri Lanka's 20 million people, and the country's constit
Published 28 Mar, 2010 12:00am
Rangers replace FC at Diplomatic Enclave

Rangers replace FC at Diplomatic Enclave

In the wake of the reservations expressed by diplomatic missions, particularly American and European missions, the government, at 6 am on Saturday, replaced Frontier Constabulary (FC) with Rangers at the Diplomatic Enclave. Besides Islamabad Police, over
Published 28 Mar, 2010 12:00am
Rangers replace FC at Diplomatic Enclave

Rangers replace FC at Diplomatic Enclave

In the wake of the reservations expressed by diplomatic missions, particularly American and European missions, the government, at 6 am on Saturday, replaced Frontier Constabulary (FC) with Rangers at the Diplomatic Enclave. Besides Islamabad Police, over
Published 28 Mar, 2010 12:00am
Protest rally in Warsaw against plans for mosque

Protest rally in Warsaw against plans for mosque

Dozens of people are protesting plans by the country's Muslim community to build a second mosque in Warsaw. The protesters gathered Saturday at the mosque's construction site in the city's outskirts. They chanted "Radical Islam, no thanks" and held up ban
Published 28 Mar, 2010 12:00am
Mahathir says racial tensions could destabilise Malaysia

Mahathir says racial tensions could destabilise Malaysia

Malaysia's influential former prime minister Mahathir Mohamad said on Saturday he was concerned that increasing racial friction could destabilise the multi-ethnic country. A series of disputes have erupted between the country's different ethnic groups in
Published 28 Mar, 2010 12:00am
KESC not observing loadshedding schedule

KESC not observing loadshedding schedule

Karachiites are facing six to seven hours loadshedding as Karachi Electric Supply Company (KESC) has failed to observe its three-hour power outage schedule. The power utility, which had pledged to reduce loadshedding after it started receiving furnace oil
Published 28 Mar, 2010 12:00am
KESC not observing loadshedding schedule

KESC not observing loadshedding schedule

Karachiites are facing six to seven hours loadshedding as Karachi Electric Supply Company (KESC) has failed to observe its three-hour power outage schedule. The power utility, which had pledged to reduce loadshedding after it started receiving furnace oil
Published 28 Mar, 2010 12:00am
KESC not observing loadshedding schedule

KESC not observing loadshedding schedule

Karachiites are facing six to seven hours loadshedding as Karachi Electric Supply Company (KESC) has failed to observe its three-hour power outage schedule. The power utility, which had pledged to reduce loadshedding after it started receiving furnace oil
Published 28 Mar, 2010 12:00am
Belgium sticks victim with bill for trial

Belgium sticks victim with bill for trial

The Belgian state has stuck the father of five children who were murdered by their mother in 2007 with the bill for convicting her of the crime, the Le Soir daily reported on Saturday. A Belgian court sentenced Genvieve Lhermitte to life in prison in Dece
Published 28 Mar, 2010 12:00am
Air strike kills 11 militants in Orakzai

Air strike kills 11 militants in Orakzai

Air strikes on Saturday killed at least 11 militants in a new offensive against foreign fighters in Orakzai, officials said. A paramilitary spokesman told AFP the 11 militants were killed in attacks on three places in Orakzai district and a local tribal a
Published 28 Mar, 2010 12:00am
Air strike kills 11 militants in Orakzai

Air strike kills 11 militants in Orakzai

Air strikes on Saturday killed at least 11 militants in a new offensive against foreign fighters in Orakzai, officials said. A paramilitary spokesman told AFP the 11 militants were killed in attacks on three places in Orakzai district and a local tribal a
Published 28 Mar, 2010 12:00am
Pope at centre of child abuse storm

Pope at centre of child abuse storm

The child abuse scandal rocking the Catholic Church homed in Saturday on Pope Benedict XVI, labelled the "biggest sinner" in one newspaper as the Vatican said his handling of the crisis would only strengthen his authority. As allegations piled up of sexua
Published 28 Mar, 2010 12:00am
Head of largest sovereign wealth fund missing

Head of largest sovereign wealth fund missing

The United Arab Emirates state news agency says the head of Abu Dhabi's sovereign wealth fund - the world's largest - is missing after his glider crashed in Morocco. The official Emirates News Agency said that Ahmed bin Zayed Al Nahyan's glider went down
Published 28 Mar, 2010 12:00am
Sudan opposition party joins pro-reform coalition

Sudan opposition party joins pro-reform coalition

A prominent Sudanese political party on Saturday joined an opposition coalition seeking democratic reforms, ahead of the first multi-party elections in a quarter of a century. The Democratic Unionist Party lead by Mohammed Osman al-Mirghani has joined the
Published 28 Mar, 2010 12:00am
EU and US aid groups to pledge about $2.7 billion for Haiti

EU and US aid groups to pledge about $2.7 billion for Haiti

More than $2.7 billion in pledges of aid to help earthquake-wracked Haiti recover and rebuild will be made next week by the European Union and a coalition of US-based humanitarian groups at a UN conference. The EU is likely to commit 1.3 billion euros ($1
Published 28 Mar, 2010 12:00am
The Weather

The Weather

The weather report on Saturday (March 27, 2010) and the forecast for Sunday (March 28, 2010).

Published 28 Mar, 2010 12:00am
Jobless aid could halt after Congress fails to act

Jobless aid could halt after Congress fails to act

Hundreds of thousands of jobless Americans could once again face a disruption in their unemployment benefits after Congress failed to extend them on Thursday. Amid the deepest recession in 70 years, Congress prepared to adjourn for a two-week break withou
Published 28 Mar, 2010 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 27, 2010).

Published 28 Mar, 2010 12:00am
There's no deadlock: Gilani

There's no deadlock: Gilani

Prime Minister Yousuf Raza Gilani on Saturday said that there was no deadlock over the proposed '18th constitutional amendment', and expressed hope that the issue would be resolved soon. Talking to reporters after his arrival here to attend the wedding of
Published 28 Mar, 2010 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (March 27, 2010).

Published 28 Mar, 2010 12:00am
There's no deadlock: Gilani

There's no deadlock: Gilani

Prime Minister Yousuf Raza Gilani on Saturday said that there was no deadlock over the proposed '18th constitutional amendment', and expressed hope that the issue would be resolved soon. Talking to reporters after his arrival here to attend the wedding of
Published 28 Mar, 2010 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (March 27, 2010) and for Sunday (March 28, 2010)
Published 28 Mar, 2010 12:00am
Renaming of NWFP: ANP won't sign bill if demand not met

Renaming of NWFP: ANP won't sign bill if demand not met

The meeting of Parliamentary Committee on Constitutional Reforms scheduled for Wednesday would make or break as Awami National Party (ANP) has made it clear that it would not sign the draft of the 18th Amendment if its demand in relation to renaming of NW
Published 28 Mar, 2010 12:00am
Renaming of NWFP: ANP won't sign bill if demand not met

Renaming of NWFP: ANP won't sign bill if demand not met

The meeting of Parliamentary Committee on Constitutional Reforms scheduled for Wednesday would make or break as Awami National Party (ANP) has made it clear that it would not sign the draft of the 18th Amendment if its demand in relation to renaming of NW
Published 28 Mar, 2010 12:00am
Equity market gets $9.5 million investment

Equity market gets $9.5 million investment

Foreign investors'' interest continued at the equity market during the week ended on March 26, 2010 with net buying of shares worth $9.5 million. According to National Clearing Company of Pakistan (NCCP) data, the inflow of foreign investors'' portfolio i
Published 28 Mar, 2010 12:00am
Equity market gets $9.5 million investment

Equity market gets $9.5 million investment

Foreign investors' interest continued at the equity market during the week ended on March 26, 2010 with net buying of shares worth $9.5 million. According to National Clearing Company of Pakistan (NCCP) data, the inflow of foreign investors' portfolio inv
Published 28 Mar, 2010 12:00am
Equity market gets $9.5 million investment

Equity market gets $9.5 million investment

Foreign investors' interest continued at the equity market during the week ended on March 26, 2010 with net buying of shares worth $9.5 million. According to National Clearing Company of Pakistan (NCCP) data, the inflow of foreign investors' portfolio inv
Published 28 Mar, 2010 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (March 27, 2010).

Published 28 Mar, 2010 12:00am
Verdict on NRO: review petition returned with objections

Verdict on NRO: review petition returned with objections

The Registrar's Office of the Supreme Court of Pakistan on Saturday returned with objections the review petition of the federal government requesting the court to set aside its verdict of December 16, 2009, on the National Reconciliation Ordinance (NRO).
Published 28 Mar, 2010 12:00am
Verdict on NRO: review petition returned with objections

Verdict on NRO: review petition returned with objections

The Registrar's Office of the Supreme Court of Pakistan on Saturday returned with objections the review petition of the federal government requesting the court to set aside its verdict of December 16, 2009, on the National Reconciliation Ordinance (NRO).
Published 28 Mar, 2010 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 27, 2010).

Published 28 Mar, 2010 12:00am
Pepco releases Rs four billion to PSO

Pepco releases Rs four billion to PSO

Pakistan Electric Power Company (Pepco) has released Rs 4 billion to Pakistan State Oil (PSO) on account of fuel supply, Business Recorder has learnt. "Pepco is expected to release Rs 2 billion more on Monday to PSO on account of fuel supply," sour
Published 28 Mar, 2010 12:00am
Pepco releases Rs four billion to PSO

Pepco releases Rs four billion to PSO

Pakistan Electric Power Company (Pepco) has released Rs 4 billion to Pakistan State Oil (PSO) on account of fuel supply, Business Recorder has learnt. "Pepco is expected to release Rs 2 billion more on Monday to PSO on account of fuel supply," sour
Published 28 Mar, 2010 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (March 27, 2010).

Published 28 Mar, 2010 12:00am
Pepco releases Rs four billion to PSO

Pepco releases Rs four billion to PSO

Pakistan Electric Power Company (Pepco) has released Rs 4 billion to Pakistan State Oil (PSO) on account of fuel supply, Business Recorder has learnt. "Pepco is expected to release Rs 2 billion more on Monday to PSO on account of fuel supply," sour
Published 28 Mar, 2010 12:00am
Diamer Bhasha dam: ADB ties financing with National Assembly consent

Diamer Bhasha dam: ADB ties financing with National Assembly consent

The Asian Development Bank and the United States may co-finance 4500 MW Diamer Bhasha dam for which the Ministry of Water and Power must first seek National Assembly''s consent, a pre loan condition of the ADB, Business Recorder has learnt. Accordi
Published 28 Mar, 2010 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (March 27, 2010).

Published 28 Mar, 2010 12:00am
Diamer Bhasha dam: ADB ties financing with National Assembly consent

Diamer Bhasha dam: ADB ties financing with National Assembly consent

The Asian Development Bank and the United States may co-finance 4500 MW Diamer Bhasha dam for which the Ministry of Water and Power must first seek National Assembly's consent, a pre loan condition of the ADB, Business Recorder has learnt. Accordin
Published 28 Mar, 2010 12:00am
Diamer Bhasha dam: ADB ties financing with National Assembly consent

Diamer Bhasha dam: ADB ties financing with National Assembly consent

The Asian Development Bank and the United States may co-finance 4500 MW Diamer Bhasha dam for which the Ministry of Water and Power must first seek National Assembly's consent, a pre loan condition of the ADB, Business Recorder has learnt. Accordin
Published 28 Mar, 2010 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 27, 2010).

Published 28 Mar, 2010 12:00am
Key rate unchanged at 12.5 percent

Key rate unchanged at 12.5 percent

Private sector credit growth is expected to remain stagnant and banks are expected to charge higher rate on risk-free government guaranteed debt, in order to absorb the cost of ongoing roll-over instead of repayment of outstanding credit, says the State B
Published 28 Mar, 2010 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 27, 2010).

Published 28 Mar, 2010 12:00am
Key rate unchanged at 12.5 percent

Key rate unchanged at 12.5 percent

Private sector credit growth is expected to remain stagnant and banks are expected to charge higher rate on risk-free government guaranteed debt, in order to absorb the cost of ongoing roll-over instead of repayment of outstanding credit, says the State B
Published 28 Mar, 2010 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 27, 2010).

Published 28 Mar, 2010 12:00am
Key rate unchanged at 12.5 percent

Key rate unchanged at 12.5 percent

Private sector credit growth is expected to remain stagnant and banks are expected to charge higher rate on risk-free government guaranteed debt, in order to absorb the cost of ongoing roll-over instead of repayment of outstanding credit, says the State B
Published 28 Mar, 2010 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 27, 2010).

Published 28 Mar, 2010 12:00am
Key rate unchanged at 12.5 percent

Key rate unchanged at 12.5 percent

Private sector credit growth is expected to remain stagnant and banks are expected to charge higher rate on risk-free government guaranteed debt, in order to absorb the cost of ongoing roll-over instead of repayment of outstanding credit, says the State B
Published 28 Mar, 2010 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (March 27, 2010).

Published 28 Mar, 2010 12:00am
Allawi begins horse trading in bid to form government

Allawi begins horse trading in bid to form government

Ex-premier Iyad Allawi, whose bloc emerged strongest in parliamentary polls, launched talks Saturday with political foes in a bid to form a coalition to rule war-ravaged Iraq for the next five years. Final results released on Friday showed that Allawi's I
Published 28 Mar, 2010 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 27, 2010).

Published 28 Mar, 2010 12:00am
Allawi begins horse trading in bid to form government

Allawi begins horse trading in bid to form government

Ex-premier Iyad Allawi, whose bloc emerged strongest in parliamentary polls, launched talks Saturday with political foes in a bid to form a coalition to rule war-ravaged Iraq for the next five years. Final results released on Friday showed that Allawi's I
Published 28 Mar, 2010 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (March 27, 2010).

Published 28 Mar, 2010 12:00am
Four killed in US missile strike

Four killed in US missile strike

A US missile strike in North Waziristan killed four people in a suspected al Qaeda and Taliban hideout on Saturday, Pakistani intelligence officials said. One of the two missiles fired by a pilotless drone aircraft hit a village house used by militants as
Published 28 Mar, 2010 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 27, 2010).

Published 28 Mar, 2010 12:00am
Four killed in US missile strike

Four killed in US missile strike

A US missile strike in North Waziristan killed four people in a suspected al Qaeda and Taliban hideout on Saturday, Pakistani intelligence officials said. One of the two missiles fired by a pilotless drone aircraft hit a village house used by militants as
Published 28 Mar, 2010 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 27, 2010).

Published 28 Mar, 2010 12:00am
Flights cancelled as British Airways staff strike once again

Flights cancelled as British Airways staff strike once again

British Airways cabin crew launched a four-day strike Saturday, forcing the cancellation of numerous flights as they staged their second walkout in a week over an increasingly bitter dispute. BA said about 70 percent of its long-haul flights and up to 55
Published 28 Mar, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 27, 2010).

Published 28 Mar, 2010 12:00am
Flights cancelled as British Airways staff strike once again

Flights cancelled as British Airways staff strike once again

British Airways cabin crew launched a four-day strike Saturday, forcing the cancellation of numerous flights as they staged their second walkout in a week over an increasingly bitter dispute. BA said about 70 percent of its long-haul flights and up to 55
Published 28 Mar, 2010 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 27, 2010).

Published 28 Mar, 2010 12:00am
Flights cancelled as British Airways staff strike once again

Flights cancelled as British Airways staff strike once again

British Airways cabin crew launched a four-day strike Saturday, forcing the cancellation of numerous flights as they staged their second walkout in a week over an increasingly bitter dispute. BA said about 70 percent of its long-haul flights and up to 55
Published 28 Mar, 2010 12:00am
OGDCL Bonds: World''s top 10 investment groups asked to submit proposals

OGDCL Bonds: World''s top 10 investment groups asked to submit proposals

World''s top 10 investment groups have been asked to submit proposals along with market assessment for issuance of Oil & Gas Development Company Limited (OGDCL)''s Bonds, to be tabled before Cabinet Committee on Privatisation (CCoP) in the upcoming meetin
Published 28 Mar, 2010 12:00am
OGDCL Bonds: World's top 10 investment groups asked to submit proposals

OGDCL Bonds: World's top 10 investment groups asked to submit proposals

World's top 10 investment groups have been asked to submit proposals along with market assessment for issuance of Oil & Gas Development Company Limited (OGDCL)'s Bonds, to be tabled before Cabinet Committee on Privatisation (CCoP) in the upcoming meeting
Published 28 Mar, 2010 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

Rupee's firmness proved short lived as it gave up its gains versus dollar due to increased US currency buying by the importers to clear the oil payments, experts said. On the interbank market the rupee lost 12 paisa versus the greenback for buying and sel
Published 28 Mar, 2010 12:00am
OGDCL Bonds: World's top 10 investment groups asked to submit proposals

OGDCL Bonds: World's top 10 investment groups asked to submit proposals

World's top 10 investment groups have been asked to submit proposals along with market assessment for issuance of Oil & Gas Development Company Limited (OGDCL)'s Bonds, to be tabled before Cabinet Committee on Privatisation (CCoP) in the upcoming meeting
Published 28 Mar, 2010 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

Rupee's firmness proved short lived as it gave up its gains versus dollar due to increased US currency buying by the importers to clear the oil payments, experts said. On the interbank market the rupee lost 12 paisa versus the greenback for buying and sel
Published 28 Mar, 2010 12:00am
India tests two nuclear capable missiles

India tests two nuclear capable missiles

India successfully tested two short-range nuclear-capable missiles from two sites off its eastern coast on Saturday, a defence ministry official said. Saturday's first test was the launch of the Dhanush, which has a range of 350 kilometres (220 miles) and
Published 28 Mar, 2010 12:00am
India tests two nuclear capable missiles

India tests two nuclear capable missiles

India successfully tested two short-range nuclear-capable missiles from two sites off its eastern coast on Saturday, a defence ministry official said. Saturday's first test was the launch of the Dhanush, which has a range of 350 kilometres (220 miles) and
Published 28 Mar, 2010 12:00am
'Pukhtoonkhwa-Khyber' may be the new name

'Pukhtoonkhwa-Khyber' may be the new name

The "Pukhtoonkhwa-Khyber" is likely to be announced shortly as the new name of NWFP, reliable sources told Business Recorder on Saturday. Two names - "Pukhtoonkhwa-Khyber" and "Pukhtoonkhawa-Abaseen" came under discussion at a meeting betwee
Published 28 Mar, 2010 12:00am
'Pukhtoonkhwa-Khyber' may be the new name

'Pukhtoonkhwa-Khyber' may be the new name

The "Pukhtoonkhwa-Khyber" is likely to be announced shortly as the new name of NWFP, reliable sources told Business Recorder on Saturday. Two names - "Pukhtoonkhwa-Khyber" and "Pukhtoonkhawa-Abaseen" came under discussion at a meeting betwee
Published 28 Mar, 2010 12:00am
Miliband telephones Nawaz

Miliband telephones Nawaz

British Foreign Secretary David Miliband telephoned PML (N) chief Nawaz Sharif here on Saturday and discussed Pakistan's present political situation, PML (N) sources told Business Recorder.
Published 28 Mar, 2010 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (March 27, 2010).

Published 28 Mar, 2010 12:00am
Miliband telephones Nawaz

Miliband telephones Nawaz

British Foreign Secretary David Miliband telephoned PML (N) chief Nawaz Sharif here on Saturday and discussed Pakistan's present political situation, PML (N) sources told Business Recorder.
Published 28 Mar, 2010 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (March 27, 2010).

Published 28 Mar, 2010 12:00am
Constitutional reforms: don't know I took any U-turn, says Nawaz

Constitutional reforms: don't know I took any U-turn, says Nawaz

Despite nation-wide condemnation by political parties and the media across the board, a stubborn Nawaz Sharif has defended his latest shocking stance on judges appointment issue, already settled by the 26 member constitutional reforms parliamentary commit
Published 28 Mar, 2010 12:00am
Constitutional reforms: don't know I took any U-turn, says Nawaz

Constitutional reforms: don't know I took any U-turn, says Nawaz

Despite nation-wide condemnation by political parties and the media across the board, a stubborn Nawaz Sharif has defended his latest shocking stance on judges appointment issue, already settled by the 26 member constitutional reforms parliamentary commit
Published 28 Mar, 2010 12:00am
US to provide 14 F-16 jet fighters this year: PAF Chief

US to provide 14 F-16 jet fighters this year: PAF Chief

The Chief of Air Staff, Air Chief Marshal Qamar Suleman has said that the US government has agreed to provide 14 more F-16s jet fighters to Pakistan in 2010. Pakistan will receive four F-16s jet fighters by June 2010; the remaining ten aircraft will be pr
Published 28 Mar, 2010 12:00am
US to provide 14 F-16 jet fighters this year: PAF Chief

US to provide 14 F-16 jet fighters this year: PAF Chief

The Chief of Air Staff, Air Chief Marshal Qamar Suleman has said that the US government has agreed to provide 14 more F-16s jet fighters to Pakistan in 2010. Pakistan will receive four F-16s jet fighters by June 2010; the remaining ten aircraft will be pr
Published 28 Mar, 2010 12:00am
Electricity to become costlier

Electricity to become costlier

The National Electric Power Regularity Authority (Nepra) on Saturday allowed power distribution companies (Discos) increase in power rates by Rs 1.02 per unit except lifeline consumers. This is in addition to 6 percent raise to be notified on April 1, in
Published 28 Mar, 2010 12:00am
Electricity to become costlier

Electricity to become costlier

The National Electric Power Regularity Authority (Nepra) on Saturday allowed power distribution companies (Discos) increase in power rates by Rs 1.02 per unit except lifeline consumers. This is in addition to 6 percent raise to be notified on April 1, in
Published 28 Mar, 2010 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (March 27, 2010).

Published 28 Mar, 2010 12:00am
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