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Print - 2011-03-12
PPP criticised for its statement on judiciary

PPP criticised for its statement on judiciary

Pakistan Muslim League-Nawaz leader, Zaeem Hussain Qadri has said that those who are talking about judicial martial law do not have faith in any court of the world let alone Pakistan. People are fully aware of the fact that Pakistan Peoples Party is the m
Published 12 Mar, 2011 12:00am
Gas closure to continue even after March 15: SNGPL

Gas closure to continue even after March 15: SNGPL

Managing Director (MD) Sui Northern Gas Pipeline Limited (SNGPL) Rasheed Lon said on Friday that gas load shedding would continue even after March 15, 2011 due to demand and supply gap. "In June, gas load shedding schedule will be revised. However, the on
Published 12 Mar, 2011 12:00am
Hataf-2 successfully test fired

Hataf-2 successfully test fired

Pakistan on Friday successfully test fired its short range Surface to Surface (STS) Ballistic Missile Hataf-2 (Abdali). The missile test was conducted as part of the process of validation and technical improvements in the Land Based Ballistic Missile Syst
Published 12 Mar, 2011 12:00am
Hataf-2 successfully test fired

Hataf-2 successfully test fired

Pakistan on Friday successfully test fired its short range Surface to Surface (STS) Ballistic Missile Hataf-2 (Abdali). The missile test was conducted as part of the process of validation and technical improvements in the Land Based Ballistic Missile Syst
Published 12 Mar, 2011 12:00am
THE RUPEE: dollar lower moderately

THE RUPEE: dollar lower moderately

Slight recovery was seen in the value of the rupee against dollar on the currency market on Friday, experts said. The rupee gained nine paisa in relation to dollar for buying at 85.28 and picked up 10 paisa for selling at 85.32, they said. In the final se
Published 12 Mar, 2011 12:00am
India tests two nuclear-capable missiles

India tests two nuclear-capable missiles

India tested two short-range nuclear-capable missiles along its eastern coast on Friday, an official said, as part of the nation's efforts to build up its nuclear deterrent. One missile named Dhanush, which means "archer's bow" in Sanskrit, was fired Frid
Published 12 Mar, 2011 12:00am
THE RUPEE: dollar lower moderately

THE RUPEE: dollar lower moderately

Slight recovery was seen in the value of the rupee against dollar on the currency market on Friday, experts said. The rupee gained nine paisa in relation to dollar for buying at 85.28 and picked up 10 paisa for selling at 85.32, they said. In the final se
Published 12 Mar, 2011 12:00am
India tests two nuclear-capable missiles

India tests two nuclear-capable missiles

India tested two short-range nuclear-capable missiles along its eastern coast on Friday, an official said, as part of the nation's efforts to build up its nuclear deterrent. One missile named Dhanush, which means "archer's bow" in Sanskrit, was fired Frid
Published 12 Mar, 2011 12:00am
Bhasha dam: government desperately looking for funding

Bhasha dam: government desperately looking for funding

Pakistan is not getting funding for its most important hydel power project Bhasha dam, from any external source to generate cheap electricity. Sources said Pakistan had formally requested Japan to fund Bhasha dam project. In its response, Japan explained
Published 12 Mar, 2011 12:00am
Bhasha dam: government desperately looking for funding

Bhasha dam: government desperately looking for funding

Pakistan is not getting funding for its most important hydel power project Bhasha dam, from any external source to generate cheap electricity. Sources said Pakistan had formally requested Japan to fund Bhasha dam project. In its response, Japan explained
Published 12 Mar, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 11, 2011).

Published 12 Mar, 2011 12:00am
Bhasha dam: government desperately looking for funding

Bhasha dam: government desperately looking for funding

Pakistan is not getting funding for its most important hydel power project Bhasha dam, from any external source to generate cheap electricity. Sources said Pakistan had formally requested Japan to fund Bhasha dam project. In its response, Japan explained
Published 12 Mar, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 11, 2011).

Published 12 Mar, 2011 12:00am
PSM to decide fate of CEO today

PSM to decide fate of CEO today

The reconstituted Board of Directors of the Pakistan Steel Mills (PSM) is meeting on March 12, 2011 (today) to decide the fate of suspended Acting Chief Executive Officer, Imtiaz Lodhi, and to discuss other financial and administrative matters of the enti
Published 12 Mar, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (March 11, 2011).

Published 12 Mar, 2011 12:00am
PSM to decide fate of CEO today

PSM to decide fate of CEO today

The reconstituted Board of Directors of the Pakistan Steel Mills (PSM) is meeting on March 12, 2011 (today) to decide the fate of suspended Acting Chief Executive Officer, Imtiaz Lodhi, and to discuss other financial and administrative matters of the enti
Published 12 Mar, 2011 12:00am
PSM to decide fate of CEO today

PSM to decide fate of CEO today

The reconstituted Board of Directors of the Pakistan Steel Mills (PSM) is meeting on March 12, 2011 (today) to decide the fate of suspended Acting Chief Executive Officer, Imtiaz Lodhi, and to discuss other financial and administrative matters of the enti
Published 12 Mar, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (March 11, 2011).

Published 12 Mar, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (March 11, 2011) and for Saturday (March 12, 2011).
Published 12 Mar, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (March 11, 2011).

Published 12 Mar, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on March 08, 2011.

Published 12 Mar, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on March 08, 2011.

Published 12 Mar, 2011 12:00am
57 securities to be eligible in SLB system: NCCPL

57 securities to be eligible in SLB system: NCCPL

The National Clearing Company of Pakistan Limited (NCCPL) on Friday announced that 57 securities would be eligible in Securities Lending and Borrowing (SLB) system to be implemented at all the three stock exchange from March 21, 2011.
Published 12 Mar, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on March 08, 2011.

Published 12 Mar, 2011 12:00am
57 securities to be eligible in SLB system: NCCPL

57 securities to be eligible in SLB system: NCCPL

The National Clearing Company of Pakistan Limited (NCCPL) on Friday announced that 57 securities would be eligible in Securities Lending and Borrowing (SLB) system to be implemented at all the three stock exchange from March 21, 2011.
Published 12 Mar, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 12 Mar, 2011 12:00am
57 securities to be eligible in SLB system: NCCPL

57 securities to be eligible in SLB system: NCCPL

The National Clearing Company of Pakistan Limited (NCCPL) on Friday announced that 57 securities would be eligible in Securities Lending and Borrowing (SLB) system to be implemented at all the three stock exchange from March 21, 2011.
Published 12 Mar, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 12 Mar, 2011 12:00am
The Weather

The Weather

The weather report on Friday (March 11, 2011) and the forecast for Saturday (March 12, 2011).

Published 12 Mar, 2011 12:00am
US MIDDAY: gold turns higher

US MIDDAY: gold turns higher

Gold turned higher on Friday after the dollar weakened against the euro and as investors sought the precious metal's safety after Japan's earthquake and with Middle East violence rising heading into the weekend. A major earthquake in Japan proved a double
Published 12 Mar, 2011 12:00am
US MIDDAY: copper steadies

US MIDDAY: copper steadies

Copper steadied by the close on Friday, recovering from an earlier three-month low, as investors reassessed the likely fallout from Japan's massive earthquake.
Published 12 Mar, 2011 12:00am
US MIDDAY: grains tumble

US MIDDAY: grains tumble

Chicago Board of Trade grain futures tumbled early on Friday on long liquidation amid global uncertainty following a massive earthquake in Japan, traders said. May wheat fell to its lowest level since early December, and May corn fell to a low not seen si
Published 12 Mar, 2011 12:00am
US MIDDAY: arabicas down, sugar rebounds

US MIDDAY: arabicas down, sugar rebounds

Arabica coffee futures closed lower on profit-taking on Friday, posting their biggest two-day percentage loss in nearly seven months, while cocoa futures slid with other commodities after a huge earthquake and tsunami struck Japan.
Published 12 Mar, 2011 12:00am
Gold rises in Europe

Gold rises in Europe

Gold pushed higher on Friday as a major earthquake in Japan and unrest in the Middle East kept the metal underpinned, but a fall in oil prices reduced the metal's appeal as a refuge from inflationary pressures. Spot gold was bid at $1,415.40 an ounce at 1
Published 12 Mar, 2011 12:00am
Gold gains in Asia

Gold gains in Asia

Gold defied weaker oil prices and gained on Friday after a major earthquake struck north-east Japan and lingering worries about further unrest in the Middle East supported bullion. Gold added $3.66 to $1,416.25 by 0730 GMT, but a firming US dollar could a
Published 12 Mar, 2011 12:00am
US gold pares losses

US gold pares losses

US gold futures pared losses on Thursday, after witnesses said police in oil-rich Saudi Arabia had fired upon protesters, prompting investors to buy bullion as a safe haven.
Published 12 Mar, 2011 12:00am
Liffe sugar, coffee slide

Liffe sugar, coffee slide

Liffe May white sugar falls $7.60 to close at $720.00 a tonne on Friday. Prices slide along with other commodity markets after a huge earthquake and tsunami struck Japan. Liffe May robusta coffee ends down $87 at $2,421 a tonne, also caught up in the sell
Published 12 Mar, 2011 12:00am
US soyabeans up

US soyabeans up

Chicago Board of Trade soyabean futures closed higher on Thursday after falling for three days in a row with support stemming from bargain buying by end-users and some mounting concern about harm to portions of Brazil's soya crop due to heavy rainfall, tr
Published 12 Mar, 2011 12:00am
Malaysian palm hits new two-week low

Malaysian palm hits new two-week low

Malaysian palm oil dropped to a two week low on Friday and notched its worst weekly loss in more than two years after a massive earthquake hit Japan, adding to a bleak global economic outlook. Palm oil lost 8.1 percent this week after industry regulator r
Published 12 Mar, 2011 12:00am
New York coffee, cocoa and sugar tumble

New York coffee, cocoa and sugar tumble

Arabica coffee, cocoa and sugar futures slid more than the rest of the commodity sector on Thursday, on investment fund and stop-loss sales as the dollar strengthened, dealers said.
Published 12 Mar, 2011 12:00am
Tokyo rubber futures slump

Tokyo rubber futures slump

Tokyo rubber futures fell 3.7 percent on Friday to their lowest in nearly three months as stock markets around the world tumbled on fears about unrest in Saudi Arabia, but support held at 400 yen per kg, dealers said. TOCOM prices were not affected by the
Published 12 Mar, 2011 12:00am
Oil falls on Japan quake, Saudi protest

Oil falls on Japan quake, Saudi protest

Oil prices fell on Friday after a massive earthquake shook Japan, shutting refineries and other industrial facilities in the world's third-largest oil consumer and triggering a broader sell-off in commodities.
Published 12 Mar, 2011 12:00am
Copper recoups losses

Copper recoups losses

Copper ended flat on Friday, regaining losses after a devastating earthquake in Japan unsettled global markets and Chinese inflation data fuelled concerns over demand from the top consumer of the metal. Three-month copper on the London Metal Exchange clos
Published 12 Mar, 2011 12:00am
US copper down

US copper down

Copper ended down for a second straight session on Thursday after surprisingly soft Chinese trade data underscored global growth concerns, already stinging from rising oil prices and geopolitical tensions. COMEX May copper settled down 1.50 cent at $4.197
Published 12 Mar, 2011 12:00am
New York cotton settles higher

New York cotton settles higher

US cotton futures settled higher Friday on investor buying to end a three-day losing streak, as fibre contracts bucked early weakness in the commodities sector from the massive quake in Japan, analysts said. The key May cotton contract on ICE Futures US r
Published 12 Mar, 2011 12:00am
Violation of traffic rules: 88,171 vehicles fined in two months

Violation of traffic rules: 88,171 vehicles fined in two months

Islamabad Traffic Police has issued tickets to 88,171 vehicles for violation of traffic rules during the last two months and recovered over rupees23.35 million from them. Showing perseverance to the basic objective of ensuring safe road environment, the I
Published 12 Mar, 2011 12:00am
Faisalabad blast: Rs 30 million to be disbursed among victims

Faisalabad blast: Rs 30 million to be disbursed among victims

Chief Minister Punjab, Shahbaz Sharif has given Rs 30 million to disburse among the victims of Faisalabad blast, DCO Naseem Sadiq said, here on Friday. MPAs Chaudhry Shafiq Gujjar, Chaudhry Zafar Iqbal Nagra and Begum MPA Rana Muhammad Afzal on behalf of
Published 12 Mar, 2011 12:00am
World Water Day to be observed on March 22

World Water Day to be observed on March 22

Pakistan, like all other countries, will observe 'World water day' on March 22 with the objective to focus international attention on the impact of rapid urban population growth, industrialisation and uncertainties caused by climate change, conflicts and
Published 12 Mar, 2011 12:00am
Clinton warns against US abandonment of Pakistan

Clinton warns against US abandonment of Pakistan

US Secretary of State, Hillary Clinton warned against abandoning Pakistan again as she urged Capitol Hill to back the administration's request for assistance for key allies including Islamabad. "We are trying to deepen our relationship. There are many cha
Published 12 Mar, 2011 12:00am
Prime Minister visits Samina Ghurki's residence

Prime Minister visits Samina Ghurki's residence

Prime Minister Syed Yousuf Raza Gilani called on Samina Khalid Ghurki, Federal Minister for Environment and Women Development, at her residence here on Friday and offered condolences on the demise of her husband Khalid Javaid Ghurki.
Published 12 Mar, 2011 12:00am
Only four percent disabled persons attend school

Only four percent disabled persons attend school

Speakers at a workshop said that only 30,000 out of total 3.7 million disabled people attend school and get educated in Pakistan. The workshop on "Rehabilitation and guidance of special children and inclusive" was organised by the Rural Home Economics Dep
Published 12 Mar, 2011 12:00am
Growers call for Rs 1,200 per 40kg wheat price

Growers call for Rs 1,200 per 40kg wheat price

The wheat growers have called upon the government to supply them gunny bags for storing the crop. The demand was made during a meeting of Sindh Chamber of Agriculture (SCA) here on Friday. The growers called for immediate supply of gunny bags as they were
Published 12 Mar, 2011 12:00am
Probe bodies on PSO contracts come out with conflicting reports

Probe bodies on PSO contracts come out with conflicting reports

The two Inquiry teams of Pakistan State Oil (PSO) on Retail Automation and Zaqsoft-PSO contracts have embarrassed the PSO management before Sub-Committee of National Assembly Standing Committee on Petroleum and Natural Resources as one team levelled corru
Published 12 Mar, 2011 12:00am
Do not increase GST on sugar: PSMA requests Gilani

Do not increase GST on sugar: PSMA requests Gilani

Pakistan Sugar Mills Association (PSMA) has requested Prime Minister Syed Yousaf Raza Gilani not to increase General Sales Tax (GST) on sugar as this will increase the commodity price by Rs 10 per kg. In a letter to the Prime Minister, Chairman PSMA Javed
Published 12 Mar, 2011 12:00am
KCCI, LCCI to give budget proposals jointly

KCCI, LCCI to give budget proposals jointly

It is for the first time in the history of KCCI and LCCI to work jointly for the upcoming budget proposals. The budget proposals will be presented to the government next month for deliberation by the Ministries of Finance, and Commerce for consideration,
Published 12 Mar, 2011 12:00am
Three kids killed, five hurt in Jaffarabad road accident

Three kids killed, five hurt in Jaffarabad road accident

At least three children have died while five others sustained serious injuries in a collision between a trailer and a rickshaw at Jamali Bypass in Jaffarabad on Friday. According to the local officials, the speedy trailer trampled a rickshaw while negotia
Published 12 Mar, 2011 12:00am
Interference in other institutions to be harmful: Firdous

Interference in other institutions to be harmful: Firdous

Federal Minister for Information and Broadcasting Dr Firdous Ashiq Awan on Friday said that every institution should work under the constitution and any move to interfere in the matters of other institutions would be harmful for the country.
Published 12 Mar, 2011 12:00am
Gems and Jewellery sector: TEVTA, SME to begin training courses

Gems and Jewellery sector: TEVTA, SME to begin training courses

Technical Education and Vocational Training Authority (TEVTA) in collaboration with SME Business Support Fund will start short and long term courses to train entrepreneurs, craftsmen, cutters, designers in the field of Gems and Jewellery sector. The train
Published 12 Mar, 2011 12:00am
Chief Justice Nepal inaugurates IT centre at LHC

Chief Justice Nepal inaugurates IT centre at LHC

The Chief Justice of Nepal, Ram Prasad Shreshta, has underscored the need of extending co-operation among the South Asian countries to promote judicial system in the region. The Chief Justice of Nepal along with his delegation here on Friday inaugurated a
Published 12 Mar, 2011 12:00am
Envoy of Iranian president calls on Zardari

Envoy of Iranian president calls on Zardari

Special envoy of Iranian President called on President Asif Ali Zardari on Thursday and extended Iranian President's greetings on the advent of Nauroz. The special envoy, Petroleum Minister Masood Kazemi, also discussed bilateral and regional issues with
Published 12 Mar, 2011 12:00am
WTO top court backs China in US duties row

WTO top court backs China in US duties row

The World Trade Organisation's top court upheld on Friday some Chinese objections to a ruling that had backed the right of the United States to impose extra duties on Chinese goods that Washington said unfairly priced and subsidised. In particular the app
Published 12 Mar, 2011 12:00am
56 Indian airline pilots fail alcohol tests

56 Indian airline pilots fail alcohol tests

Fifty-six pilots working for Indian airlines have failed alcohol tests in the last two years, according to a list issued by the civil aviation ministry. Ten pilots were fired after they failed tests, including one who was found over the limit on two occas
Published 12 Mar, 2011 12:00am
Syria says seizes weapons smuggled from Iraq

Syria says seizes weapons smuggled from Iraq

Syria said on Friday security forces seized a large shipment of weapons and explosives and night-vision goggles this week in a truck coming from Iraq. The official news agency SANA said the shipment, intercepted at the Tanaf border crossing on Monday, was
Published 12 Mar, 2011 12:00am
China and US agree to cooperate on mine safety

China and US agree to cooperate on mine safety

China, which saw more than 2,400 deaths in colliery accidents last year, on Friday agreed to swap health and safety experiences with the United States in a bid to improve conditions for miners. The two countries launched a programme that will see Chinese
Published 12 Mar, 2011 12:00am
UK Minister lauds Pakistan's efforts to check illegal immigration

UK Minister lauds Pakistan's efforts to check illegal immigration

Federal Interior Minister Rehman Malik currently on an official visit to the UK held meetings with British Minister for Immigration Damian Green and Minister for Counter Terrorism Baroness Neville Jones and discussed issues relating to illegal immigration
Published 12 Mar, 2011 12:00am
Hoti gives extension to welfare organisation

Hoti gives extension to welfare organisation

Chief Minister Khyber Pakhtunkhwa Amir Haider Khan Hoti has approved three years extension for Tanzeem Lissail-e-Wal Mahroom keeping in view its services in health, education and social welfare sectors for needy, poor and deserving people of the province.
Published 12 Mar, 2011 12:00am
Pakistan ranks 125 out of 169 states in HDI 2010

Pakistan ranks 125 out of 169 states in HDI 2010

Pakistan's Human Development Index (HDI) for the year 2010 is 0.49 and the country is positioned at 125 out of 169 states, says United Nations Human Development Report 2010. The HDI is a summary measure for assessing long-term progress in three basic dime
Published 12 Mar, 2011 12:00am
Mufti Munib appointed Member of Modarba Board

Mufti Munib appointed Member of Modarba Board

The federal government has appointed the renowned religious scholar Professor Mufti Munib-ur-Rehman as a member of the Religious Board for Modarabas (Islamic financial institutions) with immediate effect.
Published 12 Mar, 2011 12:00am
Capital police recover abducted girl, arrest six kidnappers

Capital police recover abducted girl, arrest six kidnappers

Islamabad Police succeeded in recovering a kidnapped girl after holding six kidnappers, besides detaining nine other persons from various areas for their alleged involvement in different crimes and recovered three pistols (30-bore), 48 rounds, one dagger,
Published 12 Mar, 2011 12:00am
Blast damages Shahabkhel mosque

Blast damages Shahabkhel mosque

A week after the devastating blast at the funeral procession in the Badabher area on Friday last, the militants have struck again as blast have been reported in Shahabkhel mosque in the area. According to police, unidentified militants planted bomb in the
Published 12 Mar, 2011 12:00am
Japan chases Chinese tourist yuan

Japan chases Chinese tourist yuan

Japanese geishas are learning Mandarin, hot-spring resorts are putting on Chinese acrobatics shows and the government is easing visa rules for big-spending mainlanders. Japan is rolling out the red carpet for Chinese tourists, hoping to tap into the growi
Published 12 Mar, 2011 12:00am
Parting of ways

Parting of ways

The end of the bonhomie between PML (N) and PPP formally announced by Nawaz Sharif may not have triggered an immediate political storm in the country, but it is undoubtedly, a very ominous development as far as the future of democracy is concerned. The pa
Published 12 Mar, 2011 12:00am
Yemen protesters pledge to remain peaceful

Yemen protesters pledge to remain peaceful

The bullet hit 28-year old Yemeni protester Abdullah Hameed Ali in the face and shattered his brain. But his Hamdan tribe, who last year stormed and occupied a university where a soldier had killed one of their own, said this time they would not seek reve
Published 12 Mar, 2011 12:00am
Fighting poverty during inflationary times?

Fighting poverty during inflationary times?

Poverty has to do with incomes and incomes are hard to come by in contracting economies. It is assumed by all of us tacitly or otherwise, that the economic system will be in equilibrium by itself. That is not so. The growing dissatisfaction between the ri
Published 12 Mar, 2011 12:00am
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