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Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2011-03-26
Malaysian palm oil down

Malaysian palm oil down

Malaysian palm oil futures fell 0.3 percent on Friday as traders took positions on expectations of higher output and lacklustre demand in March. Palm oil lost 5.4 percent this week as prices were pressured by talk of double digit output growth in March ea
Published 26 Mar, 2011 12:00am
New York cotton settles lower

New York cotton settles lower

US cotton futures closed lower Friday on investor profit-taking and players began looking toward release of a key government plantings report toward the end of next week, analysts said. The key May cotton contract on ICE Futures US dropped 4.33 cents to e
Published 26 Mar, 2011 12:00am
Shanghai copper falls

Shanghai copper falls

Copper prices fell 0.2 percent in London on Friday and Shanghai ended flat with both markets on track for modest weekly gains, having recovered from the blow to near-term sentiment caused by Japan's earthquake. LME stocks stand at just under 435,000 tonne
Published 26 Mar, 2011 12:00am
Copper plunges

Copper plunges

Copper dipped on Friday as concerns over sovereign debt in Europe and the nuclear crisis in Japan undermined sentiment, but expectations of a supply deficit this year lent support. Three-month copper on the London Metal Exchange closed at $9,685 a tonne,
Published 26 Mar, 2011 12:00am
Oil edges lower

Oil edges lower

Oil prices edged lower in light profit-taking on Friday, but ended higher on the week, as supply threats from the Middle East and Libya and the ongoing crisis in Japan sidelined many players. Protests in Yemen, Syria, Bahrain and by Shias in Saudi Arabia
Published 26 Mar, 2011 12:00am
Tokyo rubber futures down

Tokyo rubber futures down

Tokyo rubber futures fell on Friday on technical selling as players liquidated contracts after prices failed to break above a key resistance of 440 yen. Tight supply, however, spared more losses, dealers said. The benchmark rubber contract on the Tokyo Co
Published 26 Mar, 2011 12:00am
New York sugar climbs

New York sugar climbs

Raw sugar futures rose more than 3 percent on Thursday on news of rains in Brazil and possible delays in its centre-south cane harvest. Cocoa and coffee futures stumbled in mostly modest dealings, dealers said. The benchmark May raw sugar contract rose 0.
Published 26 Mar, 2011 12:00am
US soyabeans future higher

US soyabeans future higher

Chicago Board of Trade soyabean futures closed higher on Thursday, pulled up on leadership from wheat and corn, traders said. Wheat prices surged on dry weather in the Plains while corn prices rallied amid renewed rumours that China bought corn from the U
Published 26 Mar, 2011 12:00am
Liffe coffee rises

Liffe coffee rises

Coffee prices rose on Friday, with the robusta market focused on the widening premium for May over July, reflecting concern about how much coffee will be available for delivery. Sugar prices also advanced as the market eyed the impact of rains on crop pro
Published 26 Mar, 2011 12:00am
US gold ends down

US gold ends down

US gold futures ended lower on Thursday, after a brief rally to a record high, as technical selling more than offset investor jitters over a European debt crisis due to a politically unstable Portugal. April gold futures settled down $3.10 at $1,434.90 an
Published 26 Mar, 2011 12:00am
Gold steadies in Asia

Gold steadies in Asia

Spot gold held steady on Friday below the previous session's record highs, as worries over eurozone's debt crisis and Middle East turmoil supported sentiment, but prices may face headwind at key technical levels. Spot gold inched up 0.3 percent to $1,434.
Published 26 Mar, 2011 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose on Friday as deepening concerns over eurozone sovereign debt levels after a fresh downgrade of Portugal's credit rating and simmering violence in the Middle East underlined its safe-haven appeal. Spot gold was bid at $1,434.20 an ounce at 1535 G
Published 26 Mar, 2011 12:00am
US MIDDAY: sugar, coffee up

US MIDDAY: sugar, coffee up

Raw sugar futures closed strong on Friday, in thin dealings and on a lift from speculative buying as ethanol mills began to crush in Brazil's center-south region. Cocoa and coffee also climbed quietly to settle higher. The opening hours will return to nor
Published 26 Mar, 2011 12:00am
US MIDDAY: corn drops

US MIDDAY: corn drops

Chicago Board of Trade December corn futures briefly turned lower Friday after an opening rally, and gains in front-month May got pared by profit-taking, traders said. Prices remained volatile following Friday's USDA announcement of a big corn sale to an
Published 26 Mar, 2011 12:00am
Saudi man accused in bomb plot to be arraigned

Saudi man accused in bomb plot to be arraigned

A Texas college student from Saudi Arabia who is accused of buying chemicals and equipment to build a weapon of mass destruction is set to be arraigned. The arraignment for Khalid Ali-M Aldawsari (al-daw-SAW'-ree) is scheduled for Monday morning at the fe
Published 26 Mar, 2011 12:00am
Radiation fears mount again in Japan

Radiation fears mount again in Japan

Radiation fears escalated in Japan on Friday after workers suffered burns as they tried to cool an earthquake-crippled nuclear power station, while the government sowed confusion over whether it was widening an evacuation zone around the plant.
Published 26 Mar, 2011 12:00am
Iran to host new year ceremony despite dissent

Iran to host new year ceremony despite dissent

Iran will host an international celebration of its new year next week despite critics who say it glorifies a pre-Islamic festival and will invoke memories of the last shah. Opposition to the gathering for Nowruz, an ancient festival marking the start of t
Published 26 Mar, 2011 12:00am
UN chief backs global nuclear safety review

UN chief backs global nuclear safety review

Secretary-General Ban Ki-moon is giving strong backing to a reassessment of the international emergency response to nuclear incidents and a review of nuclear safety measures following his first high-level meeting with key UN players since the Japan incide
Published 26 Mar, 2011 12:00am
Protests spread against Assad rule

Protests spread against Assad rule

Protests spread across Syria on Friday, challenging the rule of the Assad family after their forces killed dozens of demonstrators in the south. In the southern city of Deraa, which has been in revolt for a week, gunfire and tear gas scattered a crowd of
Published 26 Mar, 2011 12:00am
55 dead in week of Syria protests: Amnesty

55 dead in week of Syria protests: Amnesty

Human rights group Amnesty International said on Friday at least 55 people are believed to have been killed since protests erupted in and around the southern Syrian city of Deraa a week ago. "Security forces again opened fire on protesters in al-Sanamayn
Published 26 Mar, 2011 12:00am
Israel ready to react with 'great force': Netanyahu

Israel ready to react with 'great force': Netanyahu

Prime Minister Benjamin Netanyahu told US Defense Secretary Robert Gates Friday that Israel is ready to act with "great force" in response to a spate of rocket fire by Gaza militants and a deadly bus bombing in Jerusalem.
Published 26 Mar, 2011 12:00am
Nearly one million Ivorians flee Abidjan: UN

Nearly one million Ivorians flee Abidjan: UN

Up to one million Ivorians have now fled fighting in the main city Abidjan alone, with others uprooted across the country, the UN refugee agency said on Friday as violence escalated in a four-month power struggle.
Published 26 Mar, 2011 12:00am
Zimbabwe police arrest energy minister again

Zimbabwe police arrest energy minister again

Zimbabwe's energy minister Elton Mangoma was arrested Friday on undisclosed charges, his party said, two weeks after his last detention sparked calls for a "divorce" in the strained unity government. "We have just been informed that minister Mangoma was p
Published 26 Mar, 2011 12:00am
Two dead, two injured in Czech fuel warehouse blast

Two dead, two injured in Czech fuel warehouse blast

At least two people were killed and two seriously injured when a tank containing flammable liquid exploded in a former fuel warehouse in the Czech Republic on Friday, emergency services said. "Two people are dead and two seriously injured," emergency serv
Published 26 Mar, 2011 12:00am
Chinese dissident gets 10 years for subversion

Chinese dissident gets 10 years for subversion

A Chinese court sentenced a leading Chinese dissident to 10 years in prison for urging democratic reform of the one-party state, an unusually harsh sentence that rights campaigners say could bode ill for other detained activists.
Published 26 Mar, 2011 12:00am
Award-winning playwright Lanford Wilson dies

Award-winning playwright Lanford Wilson dies

Playwright Lanford Wilson, whose "Talley's Folly" won the Pulitzer Prize for drama in 1980, died on Thursday, his close friend Marshall Mason told AFP. Wilson, a founding member of the Circle Repertory Company in New York in the late 1960s, died of compli
Published 26 Mar, 2011 12:00am
India cancels licences of 14 pilots

India cancels licences of 14 pilots

India has cancelled the licences of 14 airline pilots after police accused them of faking documents, a senior aviation official said on Friday, but he dismissed worries about safety in Indian skies. "They have been accused of faking their flying hours," E
Published 26 Mar, 2011 12:00am
Canadian Premier Harper's government toppled

Canadian Premier Harper's government toppled

Canadian Prime Minister Stephen Harper's Conservative government was on Friday toppled by the opposition after a no-confidence vote passed in parliament. The opposition voted for a motion declaring Harper's government in contempt of parliament.
Published 26 Mar, 2011 12:00am
Elizabeth Taylor laid to rest near Jackson

Elizabeth Taylor laid to rest near Jackson

Family and friends gathered Thursday for the funeral of Hollywood legend Elizabeth Taylor, in the same celebrity cemetery as her long-time friend pop icon Michael Jackson. A day after the actress died aged 79, guests arrived in a fleet of black stretch li
Published 26 Mar, 2011 12:00am
US Congressional team meets Malik

US Congressional team meets Malik

US Congressional delegation on Friday called on Interior Minister Rehman Malik here at the Ministry of Interior and discussed bilateral issues. Interior Minister Rehman Malik told the delegation that Pakistan is taking decisive measures for elimination of
Published 26 Mar, 2011 12:00am
Russia threatens to sue BP over Arctic deal

Russia threatens to sue BP over Arctic deal

Russia's largest oil firm Rosneft threatened on Friday to seek compensation from the British energy giant BP over a blocked deal to jointly dig for oil in the Arctic. Deputy Prime Minister Igor Sechin - chairman of the Rosneft board and a close ally of Vl
Published 26 Mar, 2011 12:00am
II

II

The Pakistani team played well to defeat West Indies to enter in the semi-final of the World Cup 2011. The turning point was when Shahid Afridi took a brilliant catch of Chris Gayle when he was only 8 on the bowling of Umer Gul.
Published 26 Mar, 2011 12:00am
Pakistan into semis

Pakistan into semis

As soon as the Pakistani team won its quarter-final match against the West Indies, the people of my locality, mostly, having different political leanings from the mainstream, came out in the streets, chanting slogans, 'boom, Shahid Afridi, long live Pakis
Published 26 Mar, 2011 12:00am
Prolonged conflict a threat to Libyan heritage sites

Prolonged conflict a threat to Libyan heritage sites

The track leading to Al Bayda's forgotten Temple of Aesculapius is shingled with rocks and rubbish. Sheep doze beneath juniper trees, graffiti tags blight nearby buildings and, in the distance, the ample family home of Safia Farkash, wife of Libyan leader
Published 26 Mar, 2011 12:00am
Spirit of Nowruz in Iran

Spirit of Nowruz in Iran

Spring festivities prevail in many countries and societies, falling on different days of the Gregorian calendar but in Iran it has a greater significance than elsewhere. March 21 each year marks the start of the Iranian New Year (called Nowruz - a new day
Published 26 Mar, 2011 12:00am
No progress on Balochistan situation

No progress on Balochistan situation

Talking to journalists on Wednesday, Balochistan Governor Zulfiqar Ali Magsi said that he does not see any progress on the talks with the "angry Baloch people" who, he averred, are engaged in a struggle for their rights. Had any progress been made, he add
Published 26 Mar, 2011 12:00am
Pakistan full of food but people too poor to buy it

Pakistan full of food but people too poor to buy it

Wolfgang Herbinger, Director World Food Programme, stated on the sidelines of the humanitarian meetings in Geneva that the Pakistani crop outlook is good, however "the food security situation remains difficult because prices remain too high."
Published 26 Mar, 2011 12:00am
Vietnam trade deficit eases in first quarter

Vietnam trade deficit eases in first quarter

Vietnam's trade deficit eased slightly in the first three months of 2011, official estimates showed Friday, in a boost for the government as it battles to stabilise its troubled economy. The deficit is forecast at $3.03 billion in the January-March period
Published 26 Mar, 2011 12:00am
LEAs' training could help minimise crime ratio: Durrani

LEAs' training could help minimise crime ratio: Durrani

By introducing modern techniques and international best practices, law enforcement agencies could be equipped to cope with the challenges of terrorism and rising crime ratio, said Wajid Ali Khan Durrani, Inspector General of Police, Islamabad, here on Fri
Published 26 Mar, 2011 12:00am
Tribute session in honour of Brigadier Rashid Siddiqi at KASBIT

Tribute session in honour of Brigadier Rashid Siddiqi at KASBIT

Recently the KASBIT has organised a tribute session in the honour of Brigadier Rashid Siddiqi (Retd) (Executive Director, PNSC) in recognition of his valuable contribution for Pakistan National Shipping Corporation. Where foreign delegate Mark Nicholas (P
Published 26 Mar, 2011 12:00am
Pakistan Day reception held in Berlin

Pakistan Day reception held in Berlin

Pakistan Embassy in Berlin organised a reception to celebrate the 71st anniversary of Pakistan Resolution Day in a befitting manner last evening. State Secretary Foreign Affairs, Dr Peter Ammon, German Special Envoy for Pakistan and Afghanistan, Michael S
Published 26 Mar, 2011 12:00am
Anti-terrorist trilateral exercise begins in Turkey

Anti-terrorist trilateral exercise begins in Turkey

A week-long Trilateral Joint Military Exercise among forces of Turkey-Afghanistan-Pakistan commenced at Tuzla, Turkey, says a press release received here on Friday. Three countries decided to hold joint exercises at the conclusion of the 5th Trilateral Su
Published 26 Mar, 2011 12:00am
16-inch gas pipeline blown up in Dera Bugti

16-inch gas pipeline blown up in Dera Bugti

Unknown assailants blew up 16-inch diameters natural gas supplying junction pipeline in Pirkoh area of Dera Bugti district on Friday. "Unidentified men had planted explosive material with a gas pipeline connected with different wells of Pir Koh Gas Field
Published 26 Mar, 2011 12:00am
Seminar on rehabilitation of natural vegetation held

Seminar on rehabilitation of natural vegetation held

The rehabilitation natural vegetation in degraded ecosystems is impossible without the involvement and support of local communities, said conservators and foresters while addressing an international seminar on "Challenges impacting Conservation and Rehabi
Published 26 Mar, 2011 12:00am
BSEK conducts mock exams

BSEK conducts mock exams

Board of Secondary Education Karachi (BSEK) conducted mock examinations in the history of secondary board, here on Friday. BSEK has conducted the mock examination for the subject of English (C) Science Group of SSC Part-I (Class IX) in 166 centers of Kara
Published 26 Mar, 2011 12:00am
SPLA's sit-in continues

SPLA's sit-in continues

Sindh Professors' Lecturers' Association (SPLA) continued their sit-in in front of D.J. Science College on the third consecutive day, here on Friday. It is pertinent to mention here that SPLA is protesting against the timeline formula, rationalisation and
Published 26 Mar, 2011 12:00am
'PIA Industrial Home' inaugurated

'PIA Industrial Home' inaugurated

Zareen Khan Yousufzai, wife of Managing Director Pakistan International Airline (PIA), Nadeem Khan Yousufzai inaugurated PIA Industrial Home at the airline's head office. PIA Industrial Home is another step taken by the management for the development of t
Published 26 Mar, 2011 12:00am
Political parties ignoring public issues: Shujaat

Political parties ignoring public issues: Shujaat

Pakistan Muslim League, Quaid-e-Azam President Senator Chaudhry Shujaat Hussain Friday said that all the political parties are busy in achieving their political interests and no attention is being paid to resolve public issues. This was stated by him whil
Published 26 Mar, 2011 12:00am
Ban on import of luxury items demanded

Ban on import of luxury items demanded

Former Vice President, Federation of Pakistan Chambers of Commerce and Industry, Zubair F Tufail has advised the government to impose ban on import of luxury items. Talking to newsmen, he justified his demand by saying that out of 17 billion dollars reser
Published 26 Mar, 2011 12:00am
Four alleged drug peddlers arrested

Four alleged drug peddlers arrested

Police on Friday claimed to have arrested four drug peddlers involved in several crimes from Ilyas Goth in the limits of Super Market police station and recovered huge cache of weapons. According to details, Super Market police received tip-off that a gro
Published 26 Mar, 2011 12:00am
Groundbreaking ceremony of Aman Tower held

Groundbreaking ceremony of Aman Tower held

The groundbreaking ceremony of multi-storied Aman Tower was held at IBA City Campus, here on Friday. Dean and Director IBA, Dr Ishrat Hussain on the occasion said that the multi-storied Aman Tower is one of the several ongoing projects that are part of IB
Published 26 Mar, 2011 12:00am
First Consultative Session for Women on Gender Sensitisation held

First Consultative Session for Women on Gender Sensitisation held

The 1st Consultative Session for Women on Gender Sensitisation in the field of Alternate Dispute Resolution took place in Karachi on March 25, at Avari Hotel. The workshop was organised by IFC Pakistan ADR Project. The session focused on dialogue targeted
Published 26 Mar, 2011 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold reversed gains in high volume on Friday, hit by a dollar spike after several top Federal Reserve officials said the Fed is unlikely to extend its bond-buying stimulus program beyond a planned $600 billion. Bullion lost nearly 2 percent following a br
Published 26 Mar, 2011 12:00am
US MIDDAY: copper lower

US MIDDAY: copper lower

Copper ended lower on Friday, extending a phase of consolidation from this week's two-week highs, as investors continued to weigh the economic impact from Japan's nuclear catastrophe and a worsening debt crisis in Europe. COMEX May copper dipped 0.55 cent
Published 26 Mar, 2011 12:00am
Groundwater level: abstraction causing substantial decrease: experts

Groundwater level: abstraction causing substantial decrease: experts

The huge abstraction of groundwater in Punjab has resulted in increasing its depth from five to seven metres. This was stated by Dr Rai Niaz Ahmad, Dean Faculty of Agricultural Engineering and Technology, University of Agriculture, Faisalabad while addres
Published 26 Mar, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (March 25, 2011).

Published 26 Mar, 2011 12:00am
MoP wants to grant Jhakhro gas field's lease to Sindh

MoP wants to grant Jhakhro gas field's lease to Sindh

Ministry of Petroleum (MoP) has expressed willingness to grant lease of Jhakhro field with oil and gas reserves worth million of dollars to Sindh province after the former refused to re-grant the field's lease to Oil and Gas Development Company Limited (O
Published 26 Mar, 2011 12:00am
MoP wants to grant Jhakhro gas field''s lease to Sindh

MoP wants to grant Jhakhro gas field''s lease to Sindh

Ministry of Petroleum (MoP) has expressed willingness to grant lease of Jhakhro field with oil and gas reserves worth million of dollars to Sindh province after the former refused to re-grant the field''s lease to Oil and Gas Development Company Limited (
Published 26 Mar, 2011 12:00am
EU offers Japan free-trade pact after quake

EU offers Japan free-trade pact after quake

European Union leaders on Friday offered quake-hit Japan a special pact granting preferential trade terms as it battles to recover from a natural disaster and nuclear emergency that has left more than 10,000 people dead. The EU "should offer the potential
Published 26 Mar, 2011 12:00am
EU offers Japan free-trade pact after quake

EU offers Japan free-trade pact after quake

European Union leaders on Friday offered quake-hit Japan a special pact granting preferential trade terms as it battles to recover from a natural disaster and nuclear emergency that has left more than 10,000 people dead. The EU "should offer the potential
Published 26 Mar, 2011 12:00am
EU offers Japan free-trade pact after quake

EU offers Japan free-trade pact after quake

European Union leaders on Friday offered quake-hit Japan a special pact granting preferential trade terms as it battles to recover from a natural disaster and nuclear emergency that has left more than 10,000 people dead. The EU "should offer the potential
Published 26 Mar, 2011 12:00am
Parco may approve new refinery project

Parco may approve new refinery project

A meeting of the Board of Directors (BoD) of Pak Arab Refinery Limited (Parco), scheduled for March 29-30 will reportedly give the go-ahead for the establishment of a joint venture company with Abu Dhabi oil giant International Petroleum Investment Compan
Published 26 Mar, 2011 12:00am
Parco may approve new refinery project

Parco may approve new refinery project

A meeting of the Board of Directors (BoD) of Pak Arab Refinery Limited (Parco), scheduled for March 29-30 will reportedly give the go-ahead for the establishment of a joint venture company with Abu Dhabi oil giant International Petroleum Investment Compan
Published 26 Mar, 2011 12:00am
Parco may approve new refinery project

Parco may approve new refinery project

A meeting of the Board of Directors (BoD) of Pak Arab Refinery Limited (Parco), scheduled for March 29-30 will reportedly give the go-ahead for the establishment of a joint venture company with Abu Dhabi oil giant International Petroleum Investment Compan
Published 26 Mar, 2011 12:00am
At least 75 killed in Myanmar quake

At least 75 killed in Myanmar quake

At least 75 people were killed and hundreds left homeless Friday after a strong earthquake hit Myanmar, with fears that the death toll could rise significantly. Buildings were flattened close to the epicentre while terrified residents fled their homes as
Published 26 Mar, 2011 12:00am
At least 75 killed in Myanmar quake

At least 75 killed in Myanmar quake

At least 75 people were killed and hundreds left homeless Friday after a strong earthquake hit Myanmar, with fears that the death toll could rise significantly. Buildings were flattened close to the epicentre while terrified residents fled their homes as
Published 26 Mar, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (March 25, 2011).

Published 26 Mar, 2011 12:00am
A tale of two ports

A tale of two ports

India and China's quest for clout and resources extends across the globe, but perhaps the best manifestation of this fierce competition, and possible sign of who will ultimately win, lies in a tale of two ports. The port of Chabahar in the south-west corn
Published 26 Mar, 2011 12:00am
A tale of two ports

A tale of two ports

India and China's quest for clout and resources extends across the globe, but perhaps the best manifestation of this fierce competition, and possible sign of who will ultimately win, lies in a tale of two ports. The port of Chabahar in the south-west corn
Published 26 Mar, 2011 12:00am
A tale of two ports

A tale of two ports

India and China''s quest for clout and resources extends across the globe, but perhaps the best manifestation of this fierce competition, and possible sign of who will ultimately win, lies in a tale of two ports. The port of Chabahar in the south-west cor
Published 26 Mar, 2011 12:00am
Iran rejects UN rights council call for investigator

Iran rejects UN rights council call for investigator

Iran on Friday dismissed the UN human rights council's appointment of an investigator to monitor abuses there for the first time since 2002, the state news agency IRNA reported. "This resolution is unjust, unjustifiable and totally political, and has been
Published 26 Mar, 2011 12:00am
Iran rejects UN rights council call for investigator

Iran rejects UN rights council call for investigator

Iran on Friday dismissed the UN human rights council's appointment of an investigator to monitor abuses there for the first time since 2002, the state news agency IRNA reported. "This resolution is unjust, unjustifiable and totally political, and has been
Published 26 Mar, 2011 12:00am
Gunmen kill 13 in ambush in Kurram district

Gunmen kill 13 in ambush in Kurram district

At least thirteen people were killed when gunmen opened fire on Friday on two vehicles carrying Shias in Kurram district, officials said. Another 11 people were wounded when the vehicles were ambushed in Bagan, in Kurram district near the Afghan border, a
Published 26 Mar, 2011 12:00am
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