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Nov 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-02-28
Early trade in New York: Yen off nine-month low

Early trade in New York: Yen off nine-month low

The Japanese yen recovered from a nine-month low against the dollar on Monday as investors decided the greenback's 5.5 percent advance against the Japanese currency this month was too far, too fast. Although most analysts expected dollar/yen to rise furth
Published 28 Feb, 2012 12:00am
Dollar retreats in London

Dollar retreats in London

The dollar retreated from a 9-month high against the yen on Monday as investors such as macro funds booked profits from a recent rally, while the euro dipped but stayed near recent highs before a liquidity injection by the European Central Bank. The dolla
Published 28 Feb, 2012 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 81.70-81.80 (previous 81.70-81.80). Call Money Rates: 12.00-18.00 percent (previous 10.00-20.00 percent.
Published 28 Feb, 2012 12:00am
Australian and New Zealand dollars near highs

Australian and New Zealand dollars near highs

The Australian and New Zealand dollars held near multi-month highs versus the yen on Monday, supported by broad weakness in the Japanese currency amid rising oil prices. The Aussie soared as far as 87.41 yen, its highest since early July, before trimming
Published 28 Feb, 2012 12:00am
Peso, baht down

Peso, baht down

Emerging Asian currencies may face more corrections ahead after worries about high oil prices on Monday caused investors to trim positions in the regional units against the dollar and the euro. "Market is getting more concerned over oil prices. If Brent b
Published 28 Feb, 2012 12:00am
Indian rupee plummets

Indian rupee plummets

The Indian rupee fell sharply on Monday as domestic oil refiners stepped up dollar purchases given the recent run up in world oil prices, with a fall in local stocks adding to losses. But a sharper slide in the rupee was likely prevented due to continued
Published 28 Feb, 2012 12:00am
Sterling trades in sight of 2012 high

Sterling trades in sight of 2012 high

Sterling edged lower against the dollar on Monday, but held within sight of a 3-1/2 month high as investors anticipated stronger data in the week ahead that could boost expectations the UK economy will dodge a recession this year. CBI distributive trades
Published 28 Feb, 2012 12:00am
Levi joins Mumbai Indians

Levi joins Mumbai Indians

South Africa Twenty20 batting sensation Richard Levi will play for Mumbai Indians in the 2012 Indian Premier League, according to reports Monday. Levi, who scored the fastest T20 international century last Sunday in New Zealand, told national news agency
Published 28 Feb, 2012 12:00am
Messi, Ronaldo genius secures wins for Barca, Real

Messi, Ronaldo genius secures wins for Barca, Real

Sharp thinking and brilliant execution by Lionel Messi and Cristiano Ronaldo lifted Barcelona and Real Madrid to wins at Atletico Madrid and Rayo Vallecano respectively on Sunday that mantained Real's 10-point lead over their great rivals at the top of La
Published 28 Feb, 2012 12:00am
Jayawardene wary of Tendulkar's last chance

Jayawardene wary of Tendulkar's last chance

Sri Lanka skipper Mahela Jayawardene says he is wary of what is shaping up to be Sachin Tendulkar's final chance in Australia to score his elusive 100th international century for India. Tuesday's tri-series one-day international in Hobart will be the Indi
Published 28 Feb, 2012 12:00am
Clarke wins third Allan Border Medal

Clarke wins third Allan Border Medal

Australia captain Michael Clarke won his third Allan Border Medal as the nation's cricketer of the year at an awards ceremony in Melbourne on Monday. Clarke, in his first year as Australia captain after taking over from Ricky Ponting, polled 231 votes fro
Published 28 Feb, 2012 12:00am
Pakistani held on Bangladesh spot-fixing

Pakistani held on Bangladesh spot-fixing

Police in the Bangladeshi capital have arrested a Pakistani man on suspicion of spot-fixing during a key match in the inaugural Twenty20 cricket league, officials said Monday. Bangladesh Cricket Board (BCB) officials challenged Sajid Khan Sunday as he was
Published 28 Feb, 2012 12:00am
Liverpool win League Cup

Liverpool win League Cup

Liverpool ended their six-year trophy drought here Sunday after winning a penalty shoot-out victory over Championship side Cardiff in the League Cup final at Wembley. The Merseysiders just about held their nerve in an error-strewn penalty decider, prevail
Published 28 Feb, 2012 12:00am
Condolence

Condolence

The Nespak management and staff have expressed deep sorrow and grief on the demise of Begum Ayesha Ikram Khan, mother of Asad I.A.Khan, Managing Director Nespak and wife of I.A. Khan, former chairman Wapda. She passed away on February 24.
Published 28 Feb, 2012 12:00am
Sri Lanka cricket team incident-adjourns proceedings

Sri Lanka cricket team incident-adjourns proceedings

Lahore High Court here Monday adjourned to March 13 the proceedings in a petition filed by government of Punjab seeking cancellation of bail of the accused of attack on Sri Lanka cricket team. Four accused, namely, Abaidur Rehman, Abdullah, Javed and Ibra
Published 28 Feb, 2012 12:00am
Fake court orders - cancels bail granted to clerk

Fake court orders - cancels bail granted to clerk

Lahore High Court has cancelled the interim bail allowed to Khadim Hussain, clerk of a bar member who had made fake court orders. The applicant had repaired the fake order of an interim bail and got confirmed the bail of an accused. When the court asked t
Published 28 Feb, 2012 12:00am
Sarjit Singh case: LHC directs centre to submit reply

Sarjit Singh case: LHC directs centre to submit reply

The Lahore High Court, while adjourning the proceedings in a petition filed for Sarjit Singh to March 16 and directed the respondent federal government to submit its reply by next date of hearing positively. The petitioner, a bar member, contended that un
Published 28 Feb, 2012 12:00am
ICET organising conference on Engineering, Sciences

ICET organising conference on Engineering, Sciences

Punjab University Institute of Chemical Engineering and Technology will organise two day Intl' Conference on Engineering and Sciences on 28-29 February at seminar Hall, ICET. PU VC Professor Dr Mujahid Kamran will be the chief guest at the inaugural sessi
Published 28 Feb, 2012 12:00am
By-poll violence: concerns voiced over non-action against candidate

By-poll violence: concerns voiced over non-action against candidate

Pakistan Institute of Legislative Development and Transparency (Pildat) has expressed deep concern over the reported cases of violence and irregularities in the by-elections held on February 25, 2012. The incidents of violence were reported from more than
Published 28 Feb, 2012 12:00am
SZH directed to receive 50 percent fee from students

SZH directed to receive 50 percent fee from students

The Lahore High Court has directed Sheikh Zaid Hospital (SZH) to receive 50 per cent fee from the students. The LHC adjourned the proceedings in a petition filed by Joint Secretary Pakistan Medical Association, Dr Salman Kazi. The petitioner contended tha
Published 28 Feb, 2012 12:00am
LHC allows bail of former IT consultant

LHC allows bail of former IT consultant

The Lahore High Court allowed bail to former IT consultant and system analyst of intermediate boards, Majid Naeem and Tariq Masood after hearing the petition. Earlier, his counsel contended that Chief Minister (CM) Punjab had directed for registration of
Published 28 Feb, 2012 12:00am
LHC directs government to appoint new vice chancellor on merit

LHC directs government to appoint new vice chancellor on merit

The Lahore High Court on Monday declared the appointment of Dr Husnain Mubashar, as Vice Chancellor University of Health and Sciences (UHS), against the rule of university law and directed the government to appoint new VC on merit. The court passed these
Published 28 Feb, 2012 12:00am
Agricultural farmers: 'measures afoot to help meet water shortage'

Agricultural farmers: 'measures afoot to help meet water shortage'

Punjab government is planning to take all necessary steps and initiate projects to help farmers in meeting the shortage of water for agricultural purposes and introduction of high-efficiency irrigation technology is a part of these efforts. This was state
Published 28 Feb, 2012 12:00am
Clover Pakistan Limited

Clover Pakistan Limited

Listed on the Karachi Stock Exchange and Lahore Stock Exchange, Clover Pakistan Limited (CPL) was established in Pakistan in 1986 as a public limited company under the Companies Ordinance, 1984. Its main office is situated on Sarwar Shaheed Road, Karachi.
Published 28 Feb, 2012 12:00am
Clover Pakistan Limited

Clover Pakistan Limited

Listed on the Karachi Stock Exchange and Lahore Stock Exchange, Clover Pakistan Limited (CPL) was established in Pakistan in 1986 as a public limited company under the Companies Ordinance, 1984. Its main office is situated on Sarwar Shaheed Road, Karachi.
Published 28 Feb, 2012 12:00am
Thousands in Kosovo protest the EU-brokered deal with Serbia

Thousands in Kosovo protest the EU-brokered deal with Serbia

Several thousand Kosovar Albanians protested Monday in Pristina against the European Union-brokered agreement with Serbia, saying it undermined the independence of Kosovo. The protest was called by the Vetevendosje, or self-determination, party, the third
Published 28 Feb, 2012 12:00am
Australian Prime Minister survives leadership challenge

Australian Prime Minister survives leadership challenge

Australian Prime Minister Julia Gillard on Monday said the "political drama" was over after surviving a leadership challenge from Kevin Rudd, and vowed to re-focus on winning the next election. The nation's first female prime minister retained office afte
Published 28 Feb, 2012 12:00am
Iran wins first Oscar

Iran wins first Oscar

"A Separation" won the Oscar for best foreign language film on Sunday, becoming the first Iranian movie to win the honour. Written and directed by Asghar Farhadi, the domestic drama focuses on a couple going through a divorce and touches on traditions, ju
Published 28 Feb, 2012 12:00am
'The Artist' paints golden picture at Oscars

'The Artist' paints golden picture at Oscars

Hollywood showed some love for its history at the Oscars on Sunday, giving its best film award and four others to silent movie "The Artist" in a ceremony that recalled why cinema is special to so many people.
Published 28 Feb, 2012 12:00am
Ally of Tymoshenko jailed for 4 years

Ally of Tymoshenko jailed for 4 years

A former Ukrainian interior minister and close ally of jailed opposition leader Yulia Tymoshenko was sentenced to four years in jail on Monday for embezzlement and abuse of office. Yuri Lutsenko, 47, a member of opposition party Narodna Samooborona (Peopl
Published 28 Feb, 2012 12:00am
Syria approves new constitution amid bloodshed

Syria approves new constitution amid bloodshed

Syrian artillery pounded rebel-held areas of Homs on Monday as President Bashar al-Assad's government announced that voters had overwhelmingly approved a new constitution in a referendum derided as a sham by his critics at home and abroad.
Published 28 Feb, 2012 12:00am
Saleh formally steps down after 33 years

Saleh formally steps down after 33 years

Yemen's Ali Abdullah Saleh stepped down after 33 years at the helm on Tuesday, making him the fourth veteran Arab leader to fall in a year of mass pro-democracy demonstrations that have rocked the region. Standing before a crowd of parliamentarians, triba
Published 28 Feb, 2012 12:00am
EU faults Belgium, Luxembourg, Sweden on illegal migrants

EU faults Belgium, Luxembourg, Sweden on illegal migrants

The European Union on Monday faulted Belgium, Luxembourg and Sweden for failing to adopt labour legislation aimed at preventing the exploitation of illegal migrants. Under an EU directive, those who employ such people - including households for domestic h
Published 28 Feb, 2012 12:00am
Romney, Santorum battle in Michigan tightens

Romney, Santorum battle in Michigan tightens

A tough fight for Michigan between Mitt Romney and Rick Santorum tightened on Monday in a primary that may prove pivotal in choosing a 2012 Republican presidential nominee. With Michigan to vote on Tuesday, a new poll said Santorum had halted a slide in s
Published 28 Feb, 2012 12:00am
Clinton, Kohl, EU among 231 candidates for Nobel Peace Prize

Clinton, Kohl, EU among 231 candidates for Nobel Peace Prize

A total of 231 nominees are up for the Nobel Peace Prize this year, the Nobel Institute said Monday, with Bill Clinton, Helmut Kohl, the EU and WikiLeaks suspect Bradley Manning known to be on the list. "As always, there are the usual 'nominees' and some
Published 28 Feb, 2012 12:00am
Prayers, peace rallies mark 10th anniversary of riots in India

Prayers, peace rallies mark 10th anniversary of riots in India

The 10th anniversary of deadly religious riots in India's western Gujarat state was marked Monday with a number of events including peace rallies and prayers as campaigners demanded justice for the victims. The 2002 riots were triggered after a train carr
Published 28 Feb, 2012 12:00am
Sri Lankans protest US move over 'war crimes'

Sri Lankans protest US move over 'war crimes'

Tens of thousands of ruling party supporters led by cabinet ministers staged demonstrations across Sri Lanka Monday to protest Washington's moves to censure Colombo over alleged war crimes. At least five cabinet ministers led crowds in Colombo where they
Published 28 Feb, 2012 12:00am
Bomb blast in Nepal kills three

Bomb blast in Nepal kills three

At least three people were killed and seven wounded in an explosion near government offices in Kathmandu on Monday, police said, in the first bomb attack in the Nepali capital for three years. The device, which went off at 1:25pm (0740 GMT) in a busy area
Published 28 Feb, 2012 12:00am
China accuses US firm over child lead poisoning

China accuses US firm over child lead poisoning

Authorities in Shanghai have accused US Fortune 500 battery maker Johnson Controls and several other companies of emitting excessive amounts of lead blamed for poisoning dozens of children. The US giant denies a plant it owns was responsible for the pollu
Published 28 Feb, 2012 12:00am
New York cotton ends modestly higher

New York cotton ends modestly higher

Cotton futures ended with small gains Monday as steady mill buying supported contracts and the pace of purchases should continue to keep the market supported, analysts said. Benchmark May cotton on ICE Futures US gained 0.52 cents to finish at 90.67 cents
Published 28 Feb, 2012 12:00am
Shanghai copper rises

Shanghai copper rises

The most-traded May copper contract on the Shanghai Futures Exchange rose 1.3 percent to close at 60,400 yuan ($9,600) a tonne on Monday, chasing the Friday gains of its LME counterpart. Highlighting weak Chinese physical demand, stocks in Shanghai wareho
Published 28 Feb, 2012 12:00am
Copper steadies

Copper steadies

Copper steadied on Monday as high oil prices threatened to derail a fragile global economy and investors fretted about how Europe would fund its mountain of debt, but a supply stoppage at an Indonesian raised new supply worries. A weekend meeting of the G
Published 28 Feb, 2012 12:00am
Oil falls after recent jump, supply worry supports

Oil falls after recent jump, supply worry supports

Oil prices pulled back on Monday after a string of higher settlements as G20 concerns about the effect of high oil prices on global growth and a stronger dollar helped counter support from worries about Iran and potential supply disruptions. The Group of
Published 28 Feb, 2012 12:00am
Tokyo rubber futures fall

Tokyo rubber futures fall

Key TOCOM rubber futures fell from a five month high on Monday as some traders worried that the recent gains were too rapid. The futures had risen to a fresh five-month high earlier on Monday, the seventh straight session to have scaled this milestone, bu
Published 28 Feb, 2012 12:00am
Malaysian palm oil off 8-1/2 month highs

Malaysian palm oil off 8-1/2 month highs

Malaysian crude palm oil futures ended off an eight-and-a-half month high on Monday, with traders booking some profit on a rally driven by improving demand and still-high energy prices. Oil prices also slipped below $125 after five days of gains pushed th
Published 28 Feb, 2012 12:00am
Sugar at four-month top, March deliveries loom

Sugar at four-month top, March deliveries loom

Raw sugar futures sprang to a four-month peak on Monday on fund and investor buying as players turned their focus into the upcoming delivery for the spot March contract when it goes off the board on Wednesday. Coffee was mixed and cocoa was modestly firme
Published 28 Feb, 2012 12:00am
Gold slips in Asia

Gold slips in Asia

Gold prices slipped on Monday, weighed down by modest risk aversion across financial markets as concerns about the eurozone persisted, although high oil prices cushioned the slide. Bullion prices rallied more than 3 percent last week, as investors got som
Published 28 Feb, 2012 12:00am
Gold steadies in London

Gold steadies in London

Gold prices steadied on Monday, having earlier fallen in line with the euro, stocks and other commodities like crude oil, as buyers were tempted back to the market by the metal's retreat towards $1,760 an ounce. Spot gold was at $1,770.09 an ounce at 1439
Published 28 Feb, 2012 12:00am
US MIDDAY: soya up

US MIDDAY: soya up

US soyabeans rallied for a sixth straight session on Monday, rising to a fresh five-month high and pushing corn and wheat futures off their early lows amid rising export demand from China, the top global soya importer. Soyabeans for March delivery were up
Published 28 Feb, 2012 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

In New York, the most-active May COMEX contract settled up 1.90 cents at $3.8890 per lb, near the upper end of its $3.8315 to $3.8965 session range. Trading volumes tipped 82,500 lots in late New York business, nearly 20 percent above the 30-day norm, acc
Published 28 Feb, 2012 12:00am
US MIDDAY: gold flat

US MIDDAY: gold flat

Gold prices were steady on Monday, as a weaker euro and oil's losses prompted the market to take a breather after last week's sharp gains. Bullion retraced early losses pressured by news over the weekend that leading economies told Europe it must put up e
Published 28 Feb, 2012 12:00am
Faysal Bank inks agreement with Allianz EFU

Faysal Bank inks agreement with Allianz EFU

Faysal Bank Limited has entered a strategic partnership with Allianz EFU Health Insurance Limited for their upcoming product 'Faysal aik Faisla' Health Plan. The agreement signing ceremony took place at Faysal House recently. Aarij Ali, Head Retail Bankin
Published 28 Feb, 2012 12:00am
Pakistani team welcomed at Employers' Fair at University of Glasgow

Pakistani team welcomed at Employers' Fair at University of Glasgow

The British Council's Education UK programme, on February 24, organised Employers' Fair as the last stop for the series at the University of Glasgow, which is the fourth oldest university in the UK. Welcoming the Pakistani delegation with the famous Scott
Published 28 Feb, 2012 12:00am
Fish harbour: KPT completes survey of navigational channel

Fish harbour: KPT completes survey of navigational channel

Karachi Port Trust (KPT) has completed survey of fish harbour's navigational channel of 0.1 million square metre for dredging to deepen the seabed by four metres in line with the global port dictum, officials told Business Recorder on Monday. Earli
Published 28 Feb, 2012 12:00am
IBA, NBP to organise 'INFER 2012' competition

IBA, NBP to organise 'INFER 2012' competition

IBA Economics and Finance Clubs, along-with NBP as sponsor, are organising the competition for all those enlightened souls that are ready to battle out the test of intellect and creative-thinking in the arena of economics and finance. IBA is bringing fort
Published 28 Feb, 2012 12:00am
APNS grieved over death

APNS grieved over death

The All Pakistan Newspapers Society (APNS) expressed its profound grief over the sad and sudden demise of Raja Hussain Khan Maqpoon, Publisher, Daily K-2, in an unfortunate road accident on motorway. Late Raja Hussain Khan Maqpoon was a young and energeti
Published 28 Feb, 2012 12:00am
Murder of trader: Urdu Bazaar traders stage protest demonstration

Murder of trader: Urdu Bazaar traders stage protest demonstration

The shopkeepers of Urdu Bazaar staged a protest demonstration on Monday over the killing of a trader, Shahzaib Farooqui. The trader was gunned down on late Saturday by extortionists when he refused to pay a ransom of Rs 0.5 million. The protesters, who ha
Published 28 Feb, 2012 12:00am
Kuwaiti CG hosts National Day reception

Kuwaiti CG hosts National Day reception

Consul General of Kuwait in Karachi, Nasir Riden Al Motairi hosted Kuwait National Day reception at his residence on February 25 to mark the 51st National Day and 21st liberation anniversary of Kuwait.
Published 28 Feb, 2012 12:00am
UBL-led consortium acquires 67.4 percent equity stake in Khushhali Bank

UBL-led consortium acquires 67.4 percent equity stake in Khushhali Bank

A consortium led by United Bank Limited (UBL) and comprising ASN-NOVIB Microkredietfonds (Triple Jump B.V), Credit Suisse Microfinance Fund Management Company (ResponsAbility Global Microfinance Fund), Rural Impulse Fund II S.A. SICAV-FIS (Incofin Investm
Published 28 Feb, 2012 12:00am
TI Pakistan smells a rat in PIA deal

TI Pakistan smells a rat in PIA deal

The award of contract by PIA for the procurement of five Boeing 777-300 ERs at dollars 1.5 billion on unsolicited proposals and discriminatory conditions in the tender for procurement of 39 narrow body aircraft has assumed serious proportions.
Published 28 Feb, 2012 12:00am
Altaf congratulates Sharmeen on winning Oscar

Altaf congratulates Sharmeen on winning Oscar

Muttahida Quami Movement (MQM) chief Altaf Hussain has congratulated Sharmeen Obaid Chinoy on winning the Oscar Award for his documentary "Saving Face". He also announced to award gold medal on her historic achievements. He termed it as an honour for Paki
Published 28 Feb, 2012 12:00am
Hand-grenade recovered

Hand-grenade recovered

Sindh police on Monday claimed to have recovered a live hand-grenade from the bushes located in Dawood Goth in the limits of Saeedabad police station. According to SHO Asad Mangi, the recovery of hand grenade was made on the information of locals. He said
Published 28 Feb, 2012 12:00am
'Madrid System offers protection to SMEs trademarks'

'Madrid System offers protection to SMEs trademarks'

"Madrid System for Registration of Trade Marks" offers an attractive route for small and medium-sized enterprises (SMEs) to protect their trademarks in all sectors to enhance their global competitiveness while Geographical Indications (GIs) is a must for
Published 28 Feb, 2012 12:00am
MCCI chief for introducing Multan's cultural heritage world over

MCCI chief for introducing Multan's cultural heritage world over

President Multan Chamber of Commerce & Industry (MCCI) Mian Anis'A Sheikh has said that Multan chamber was playing its role in highlighting the culture of southern Punjab and has participated in the cultural activities of the area. Now it was helping the
Published 28 Feb, 2012 12:00am
PAC chief cancels scheduled meetings of the committee

PAC chief cancels scheduled meetings of the committee

Instead of taking actions against concerned officials of Education and Irrigation over their non-seriousness, Jam Tamachi Unarr, Chairman Public Accounts Committee (PAC) has cancelled the scheduled meetings of committee on the requests of officials of the
Published 28 Feb, 2012 12:00am
NGOs operation: Senate body on Finance supports Private Member Bill

NGOs operation: Senate body on Finance supports Private Member Bill

Senate Standing Committee on Finance here on Monday strongly supported Private Member Bill seeking it should be made mandatory for Non-Governmental Organisation (NGOs) operating with foreign funding to make their balance sheet public showing where money i
Published 28 Feb, 2012 12:00am
Dumping, burning of solid waste banned

Dumping, burning of solid waste banned

On the directives of Environment Department, Sindh Home Department has imposed Section 144 Cr.P.C. against the dumping and burning of solid waste at places other than the designated sites here.
Published 28 Feb, 2012 12:00am
Wali Khan Babar case: prosecution witnesses issued notices for March 7

Wali Khan Babar case: prosecution witnesses issued notices for March 7

Anti-Terrorism Court (ATC-III) here Monday framed amended charge sheet inserting section 7 of Anti Terrorism Act in the Wali Khan Babar murder case. However, all the five accused present in the court pleaded not guilty and opted to contest the case. The c
Published 28 Feb, 2012 12:00am
PIAF for priority to Thar Coal Project in next budget

PIAF for priority to Thar Coal Project in next budget

Parliamentary Committee of Pakistan Industrial and Traders Association Front (PIAF) has urged the Prime Minister and Federal Minister for Finance to give priority to Thar Coal Project in the forthcoming budget to avoid loss of Rs 230 billion annually.
Published 28 Feb, 2012 12:00am
'Pak Finance 2012' Conference from March 28

'Pak Finance 2012' Conference from March 28

To promote the economic thought of Iqbal and to find the practical possibilities of its implementation, an International Conference 'Pak Finance 2012' will be held at Lahore on March 28 and 29 with academic collaboration of Iqbal Academy Pakistan. This is
Published 28 Feb, 2012 12:00am
Three killed in various incidents

Three killed in various incidents

At-least three persons were killed in separate incidents in various parts of the metropolis, here on Monday. According to police, a bullet-riddled body of man was found from Nishtar Road, Almari Street in the limits of Garden police station. The victim, l
Published 28 Feb, 2012 12:00am
Pakistan-US strategy in Afghanistan

Pakistan-US strategy in Afghanistan

The US has limited options when it comes to packing up and leaving Afghanistan. The intention of the US is to leave with grace or at least save its face. For this face saving, it is adopting various diplomatic strategies. The foremost is to negotiate with
Published 28 Feb, 2012 12:00am
Foreigners in Afghanistan fear Quran burning backlash

Foreigners in Afghanistan fear Quran burning backlash

Violent protests in Afghanistan over the burning of copies of the Holy Quran by US soldiers have made foreigners living in the conservative country even more concerned about their safety. "I go out but in the past couple days, there has been few instances
Published 28 Feb, 2012 12:00am
Odd fiscal priorities

Odd fiscal priorities

Besides contempt proceedings against the Prime Minister (PM), 2012 may prove an historic year in yet another context: the government may announce the Federal Budget 2012-13 on May 25. Inklings of the distortions the budget may contain are being provided b
Published 28 Feb, 2012 12:00am
Protests in Afghanistan

Protests in Afghanistan

The furious Afghan protests against the heinous crime of Quran burning inside the US-controlled Bagram airbase have spread far and wide, causing extensive loss of life. While dozens of Afghan have been killed, the losses on the side of the Americans and i
Published 28 Feb, 2012 12:00am
Economy: putting a positive spin

Economy: putting a positive spin

Prime Minister Yousuf Raza Gilani has pledged what his Advisor on Finance Dr Abdul Hafeez Sheikh himself has been saying: "no new tax". In fact, there has been no imposition of a new tax albeit an attempt to introduce a value-added sales tax which failed.
Published 28 Feb, 2012 12:00am
MDTF launches project worth $20 million in Khyber Pakhtunkhwa, Fata

MDTF launches project worth $20 million in Khyber Pakhtunkhwa, Fata

Twenty million dollars Multi-Donor Trust Fund (MDTF) funded project for the Economic Revitalisation of Khyber Pakhtunkhwa and Fata (ERKF) was formally launched in KP component here on Monday. In this connection, Small and Medium Enterprise Development Aut
Published 28 Feb, 2012 12:00am
Youth festival Tando Allahyar commences today

Youth festival Tando Allahyar commences today

First two-day Youth Festival Tando Allahyar (YFTA) is being organised in the district from February 28 to 29 to promote healthy activities among the youth and help them choose their right career.
Published 28 Feb, 2012 12:00am
USAID-funded GJCE handed over to UET Peshawar

USAID-funded GJCE handed over to UET Peshawar

The Gems and Jewellery Center of Excellence (GJCE) established with $1.1 million financial assistance of US Agency for International Development (USAID) and technical support of Gems & Jewellery Development Company has formally been handed over to Univers
Published 28 Feb, 2012 12:00am
National Saving Centres: Deduction, payment of WHT to be verified

National Saving Centres: Deduction, payment of WHT to be verified

On the explicit directions of Federal Board of Revenue Chairman Mumtaz Haider Rizvi, the Directorate of Intelligence and Investigation Inland Revenue (IR) has decided to start countrywide exercise to verify deduction and payment of withholding taxes by th
Published 28 Feb, 2012 12:00am
Port Qasim workers demand resolution of issues

Port Qasim workers demand resolution of issues

Hundreds of dock workers of Port Qasim Monday staged protest demonstration along-with their children, demanding the government to resolve their issues concerning work and salary at the country's second largest harbour. They were demanding of the governmen
Published 28 Feb, 2012 12:00am
KWSB pumping stations: KESC urged not to disconnect power supply

KWSB pumping stations: KESC urged not to disconnect power supply

Pakistan Tanners Association (PTA) has urged Karachi Electric Supply Company's (KESC) management not to disconnect power supply to Karachi Water and Sewerage Board's pumping stations as it would create chaos in the city. Chairman PTA M. Khurshid Ahmed urg
Published 28 Feb, 2012 12:00am
Rafhan's Mehran Plant to start trial production by third quarter

Rafhan's Mehran Plant to start trial production by third quarter

Rafhan Maize products Company Limited on Monday announced that its Mehran Plant having initial corn (maize) grind capacity of 300metric tons per day is expected to start trail production by the start of third quarter of 2012. "Once our trials are successf
Published 28 Feb, 2012 12:00am
Profit after tax of Bata Pakistan declines to Rs 748.170 million

Profit after tax of Bata Pakistan declines to Rs 748.170 million

The profit after tax of Bata Pakistan Limited has declined to Rs 748.170 million in the year ended December 31, 2011 as compared to Rs 871.293 million earned in the year 2010. The company's earning per share stood at Rs 98.96 in the period under review ag
Published 28 Feb, 2012 12:00am
Profit after tax of Bata Pakistan declines to Rs 748.170 million

Profit after tax of Bata Pakistan declines to Rs 748.170 million

The profit after tax of Bata Pakistan Limited has declined to Rs 748.170 million in the year ended December 31, 2011 as compared to Rs 871.293 million earned in the year 2010. The company's earning per share stood at Rs 98.96 in the period under review ag
Published 28 Feb, 2012 12:00am
Profit after tax of Linde Pakistan increases to Rs 262.875 million

Profit after tax of Linde Pakistan increases to Rs 262.875 million

The profit after tax of Linde Pakistan Limited (formerly BOC Pakistan Limited) has increased to Rs 262.875 million in the year ended December 31, 2011 as compared to Rs 243.825 million earned in the year 2010. The company's earning per share increased to
Published 28 Feb, 2012 12:00am
Profit after tax of Linde Pakistan increases to Rs 262.875 million

Profit after tax of Linde Pakistan increases to Rs 262.875 million

The profit after tax of Linde Pakistan Limited (formerly BOC Pakistan Limited) has increased to Rs 262.875 million in the year ended December 31, 2011 as compared to Rs 243.825 million earned in the year 2010. The company's earning per share increased to
Published 28 Feb, 2012 12:00am
Police baton-charge protesting NPIW employees

Police baton-charge protesting NPIW employees

The employees of National Programme for Improvement of Watercourses (NPIW) were baton-charged by police when they tried to enter the red zone to stage a protest demonstration in front of the Chief Minister's House here on Monday. Sources said the workers
Published 28 Feb, 2012 12:00am
APOTOA threatens to launch protest

APOTOA threatens to launch protest

All Pakistan Oil Tankers Owners Association (APOTOA) on Monday threatened to launch a country-wide protest, if the government failed to meet its demands. Talking to Business Recorder, Yousuf Shewani, a representative of APOTOA said that the association ha
Published 28 Feb, 2012 12:00am
12 students hurt in clash at Karachi University

12 students hurt in clash at Karachi University

At least 12 students sustained injuries when two student organisations frayed at University of Karachi in the limits of Mobina Town police station on Monday. According to eye-witnesses, all educational activities were suspended when the workers of Peoples
Published 28 Feb, 2012 12:00am
Highly poisonous puffer fish sale rings alarm bells

Highly poisonous puffer fish sale rings alarm bells

For about two weeks the second highly poisonous puffer fish of the world continued to land at Karachi Fish Harbour (KFH) without the concerned authorities' notice, as the prohibited specie have also been found at retail shops, rising fears of loss of huma
Published 28 Feb, 2012 12:00am
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