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Print - 2012-03-06
Reconciliation policy strengthens political forces: Zardari

Reconciliation policy strengthens political forces: Zardari

President Asif Ali Zardari on Monday said that the policy of reconciliation had strengthened political forces, which was necessary for strengthening democracy itself. He expressed satisfaction that with the help of coalition partners the government achiev
Published 06 Mar, 2012 12:00am
Iran parliament raps Ahmadinejad over oil cash

Iran parliament raps Ahmadinejad over oil cash

Iranian lawnmakers accused Mahmoud Ahmadinejad's government on Monday of failing to deposit billions of petrodollars with the Treasury, indicating the president was set for a rough ride from a newly elected parliament dominated by rival hard-liners. One d
Published 06 Mar, 2012 12:00am
Iran parliament raps Ahmadinejad over oil cash

Iran parliament raps Ahmadinejad over oil cash

Iranian lawnmakers accused Mahmoud Ahmadinejad''s government on Monday of failing to deposit billions of petrodollars with the Treasury, indicating the president was set for a rough ride from a newly elected parliament dominated by rival hard-liners. One
Published 06 Mar, 2012 12:00am
Russia refused China request for extra oil

Russia refused China request for extra oil

Russia, the world's top crude producer, rejected a Chinese request for more Siberian pipeline oil, saying the link is already pumping at full capacity and additional volumes are not available, two Russian state industry sources told Reuters.
Published 06 Mar, 2012 12:00am
Russia refused China request for extra oil

Russia refused China request for extra oil

Russia, the world's top crude producer, rejected a Chinese request for more Siberian pipeline oil, saying the link is already pumping at full capacity and additional volumes are not available, two Russian state industry sources told Reuters.
Published 06 Mar, 2012 12:00am
Russia refused China request for extra oil

Russia refused China request for extra oil

Russia, the world''s top crude producer, rejected a Chinese request for more Siberian pipeline oil, saying the link is already pumping at full capacity and additional volumes are not available, two Russian state industry sources told Reuters.
Published 06 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
Obama offers Israel 'assurances' over Iran

Obama offers Israel 'assurances' over Iran

President Barack Obama, aiming to head off any premature Israeli strike on Iran, sought to assure Prime Minister Benjamin Netanyahu on Monday that the United States would always "have Israel's back" but said there was still time for diplomacy. Netanyahu,
Published 06 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
Obama offers Israel 'assurances' over Iran

Obama offers Israel 'assurances' over Iran

President Barack Obama, aiming to head off any premature Israeli strike on Iran, sought to assure Prime Minister Benjamin Netanyahu on Monday that the United States would always "have Israel's back" but said there was still time for diplomacy. Netanyahu,
Published 06 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
ISE index gains 42.90 points

ISE index gains 42.90 points

Equities moved both ways on the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 42.90 points as the ISE Ten Index moved from 2,865.07
Published 06 Mar, 2012 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

Bullish sentiment seen on the money market on Monday as the rupee managed to rise modestly versus dollar and euro, dealers said. The rupee posted fresh gain of 10 paisa in relation to dollar for buying at 90.88 and rose by 11 paisa for selling at 90.90, d
Published 06 Mar, 2012 12:00am
ISE index gains 42.90 points

ISE index gains 42.90 points

Equities moved both ways on the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 42.90 points as the ISE Ten Index moved from 2,865.07
Published 06 Mar, 2012 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

Bullish sentiment seen on the money market on Monday as the rupee managed to rise modestly versus dollar and euro, dealers said. The rupee posted fresh gain of 10 paisa in relation to dollar for buying at 90.88 and rose by 11 paisa for selling at 90.90, d
Published 06 Mar, 2012 12:00am
Senate elections: ECP rejects PML-N objections

Senate elections: ECP rejects PML-N objections

Rejecting Pakistan Muslim League-Nawaz (PML-N's) complaints, Election Commission of Pakistan (ECP) on Monday upheld the results of the seven general seats in Senate from Balochistan. The ECP, following recount a vote, overruled the objection of PML-N on t
Published 06 Mar, 2012 12:00am
Senate elections: ECP rejects PML-N objections

Senate elections: ECP rejects PML-N objections

Rejecting Pakistan Muslim League-Nawaz (PML-N's) complaints, Election Commission of Pakistan (ECP) on Monday upheld the results of the seven general seats in Senate from Balochistan. The ECP, following recount a vote, overruled the objection of PML-N on t
Published 06 Mar, 2012 12:00am
BHC stays release of funds to Abdul Qadir Gilani

BHC stays release of funds to Abdul Qadir Gilani

Balochistan High Court (BHC) while issuing notice to Chief Secretary of the province here on Monday directed concerned authorities not to release development funds to Abdul Qadir Gilani MPA. The court also directed Chief Secretary to produce details regar
Published 06 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
BHC stays release of funds to Abdul Qadir Gilani

BHC stays release of funds to Abdul Qadir Gilani

Balochistan High Court (BHC) while issuing notice to Chief Secretary of the province here on Monday directed concerned authorities not to release development funds to Abdul Qadir Gilani MPA. The court also directed Chief Secretary to produce details regar
Published 06 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
India, US start joint military exercises

India, US start joint military exercises

India and United States on Monday have started their two-week long joint military exercise in the desert of Indian state of Rajasthan with their troops set to engage each other in a series of anti-terrorist and urban warfare drills. "The US Army is being
Published 06 Mar, 2012 12:00am
India, US start joint military exercises

India, US start joint military exercises

India and United States on Monday have started their two-week long joint military exercise in the desert of Indian state of Rajasthan with their troops set to engage each other in a series of anti-terrorist and urban warfare drills. "The US Army is being
Published 06 Mar, 2012 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 24th February, 2012.

Published 06 Mar, 2012 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 24th February, 2012.

Published 06 Mar, 2012 12:00am
EU concession: textile stakeholders to discuss TRQs administration

EU concession: textile stakeholders to discuss TRQs administration

The Ministry of Textile Industry has called a meeting of all the stakeholders to discuss Tariff Rate Quota's (TRQs) administration under European Union concession, informed sources revealed here on Monday. Talking to Business Recorder, officials said that
Published 06 Mar, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
EU concession: textile stakeholders to discuss TRQs administration

EU concession: textile stakeholders to discuss TRQs administration

The Ministry of Textile Industry has called a meeting of all the stakeholders to discuss Tariff Rate Quota's (TRQs) administration under European Union concession, informed sources revealed here on Monday. Talking to Business Recorder, officials said that
Published 06 Mar, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
EU concession: textile stakeholders to discuss TRQs administration

EU concession: textile stakeholders to discuss TRQs administration

The Ministry of Textile Industry has called a meeting of all the stakeholders to discuss Tariff Rate Quota''s (TRQs) administration under European Union concession, informed sources revealed here on Monday. Talking to Business Recorder, officials said tha
Published 06 Mar, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
Bosnian pilgrim walking to Makkah reaches Turkey

Bosnian pilgrim walking to Makkah reaches Turkey

Bosnian Muslim Senad Hadzic, who left home in December to walk to Makkah for the Hajj, on Monday told AFP he had reached the Bosphorus in Turkey. "Until now, I have been on the road for about sixty days, doing between 20 and 60 kilometers per day," Hadzic
Published 06 Mar, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
Bosnian pilgrim walking to Makkah reaches Turkey

Bosnian pilgrim walking to Makkah reaches Turkey

Bosnian Muslim Senad Hadzic, who left home in December to walk to Makkah for the Hajj, on Monday told AFP he had reached the Bosphorus in Turkey. "Until now, I have been on the road for about sixty days, doing between 20 and 60 kilometers per day," Hadzic
Published 06 Mar, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
Disasters cost $380 billion in 2011: UN

Disasters cost $380 billion in 2011: UN

Disasters led by the Japan earthquake cost the world a record figure of more than $380 billion last year, a UN official said Monday. While countries are managing to control the disaster death toll, economic costs are increasing more than ever before, said
Published 06 Mar, 2012 12:00am
Disasters cost $380 billion in 2011: UN

Disasters cost $380 billion in 2011: UN

Disasters led by the Japan earthquake cost the world a record figure of more than $380 billion last year, a UN official said Monday. While countries are managing to control the disaster death toll, economic costs are increasing more than ever before, said
Published 06 Mar, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
Yahoo preparing layoffs, could affect thousands

Yahoo preparing layoffs, could affect thousands

Yahoo Inc's new chief executive is preparing a significant restructuring of the Internet company, including layoffs that could cut thousands of employees from its payroll, according to a technology blog. The moves could be announced as soon as the end of
Published 06 Mar, 2012 12:00am
Yahoo preparing layoffs, could affect thousands

Yahoo preparing layoffs, could affect thousands

Yahoo Inc's new chief executive is preparing a significant restructuring of the Internet company, including layoffs that could cut thousands of employees from its payroll, according to a technology blog. The moves could be announced as soon as the end of
Published 06 Mar, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
Yahoo preparing layoffs, could affect thousands

Yahoo preparing layoffs, could affect thousands

Yahoo Inc''s new chief executive is preparing a significant restructuring of the Internet company, including layoffs that could cut thousands of employees from its payroll, according to a technology blog. The moves could be announced as soon as the end of
Published 06 Mar, 2012 12:00am
Secretary mines & minerals rejected TCCP's appeal: Supreme Court told

Secretary mines & minerals rejected TCCP's appeal: Supreme Court told

The top legal officer of Balochistan told the Supreme Court Monday that Secretary Mines and Mineral Development had rejected Tethyan Copper Company Pakistan's pending appeal seeking the acquisition of Reko Diq's mining lease. Meanwhile, the court has dire
Published 06 Mar, 2012 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
Secretary mines & minerals rejected TCCP's appeal: Supreme Court told

Secretary mines & minerals rejected TCCP's appeal: Supreme Court told

The top legal officer of Balochistan told the Supreme Court Monday that Secretary Mines and Mineral Development had rejected Tethyan Copper Company Pakistan's pending appeal seeking the acquisition of Reko Diq's mining lease. Meanwhile, the court has dire
Published 06 Mar, 2012 12:00am
Secretary mines & minerals rejected TCCP''s appeal: Supreme Court told

Secretary mines & minerals rejected TCCP''s appeal: Supreme Court told

The top legal officer of Balochistan told the Supreme Court Monday that Secretary Mines and Mineral Development had rejected Tethyan Copper Company Pakistan''s pending appeal seeking the acquisition of Reko Diq''s mining lease. Meanwhile, the court has di
Published 06 Mar, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
Hacker thieves targeted Anonymous allies: Symantec

Hacker thieves targeted Anonymous allies: Symantec

Anonymous on Monday gave mixed reactions to a US computer security firm's report that backers of the notorious hacker group were suckered into downloading software that steals online banking information. A message at a Twitter account for YourAnonNews bla
Published 06 Mar, 2012 12:00am
Hacker thieves targeted Anonymous allies: Symantec

Hacker thieves targeted Anonymous allies: Symantec

Anonymous on Monday gave mixed reactions to a US computer security firm's report that backers of the notorious hacker group were suckered into downloading software that steals online banking information. A message at a Twitter account for YourAnonNews bla
Published 06 Mar, 2012 12:00am
Hacker thieves targeted Anonymous allies: Symantec

Hacker thieves targeted Anonymous allies: Symantec

Anonymous on Monday gave mixed reactions to a US computer security firm''s report that backers of the notorious hacker group were suckered into downloading software that steals online banking information. A message at a Twitter account for YourAnonNews bl
Published 06 Mar, 2012 12:00am
Corporate debt market: SBP-SECP joint task force to draft framework

Corporate debt market: SBP-SECP joint task force to draft framework

Yaseen Anwar, Governor, State Bank of Pakistan (SBP) has disclosed that a joint task force of SBP and Securities & Exchange Commission of Pakistan (SECP) has been set up to draft a frame work for establishing a vibrant corporate debt market.
Published 06 Mar, 2012 12:00am
Corporate debt market: SBP-SECP joint task force to draft framework

Corporate debt market: SBP-SECP joint task force to draft framework

Yaseen Anwar, Governor, State Bank of Pakistan (SBP) has disclosed that a joint task force of SBP and Securities & Exchange Commission of Pakistan (SECP) has been set up to draft a frame work for establishing a vibrant corporate debt market.
Published 06 Mar, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (March 05, 2012) and for Tuesday (March 06, 2012).
Published 06 Mar, 2012 12:00am
Corporate debt market: SBP-SECP joint task force to draft framework

Corporate debt market: SBP-SECP joint task force to draft framework

Yaseen Anwar, Governor, State Bank of Pakistan (SBP) has disclosed that a joint task force of SBP and Securities & Exchange Commission of Pakistan (SECP) has been set up to draft a frame work for establishing a vibrant corporate debt market.
Published 06 Mar, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (March 05, 2012).

Published 06 Mar, 2012 12:00am
Corporate debt market: SBP-SECP joint task force to draft framework

Corporate debt market: SBP-SECP joint task force to draft framework

Yaseen Anwar, Governor, State Bank of Pakistan (SBP) has disclosed that a joint task force of SBP and Securities & Exchange Commission of Pakistan (SECP) has been set up to draft a frame work for establishing a vibrant corporate debt market.
Published 06 Mar, 2012 12:00am
The Weather

The Weather

The weather report on Monday (March 05, 2012) and the forecast for Tuesday (March 06, 2012).

Published 06 Mar, 2012 12:00am
Over 100 Yemeni troops killed in al Qaeda assault

Over 100 Yemeni troops killed in al Qaeda assault

More than 100 Yemeni soldiers and at least 25 suspected al Qaeda gunmen were killed in attacks on military positions in the country's restive south, medics and local officials said on Monday. Sunday's assault was one of the deadliest against Yemeni troops
Published 06 Mar, 2012 12:00am
Over 100 Yemeni troops killed in al Qaeda assault

Over 100 Yemeni troops killed in al Qaeda assault

More than 100 Yemeni soldiers and at least 25 suspected al Qaeda gunmen were killed in attacks on military positions in the country's restive south, medics and local officials said on Monday. Sunday's assault was one of the deadliest against Yemeni troops
Published 06 Mar, 2012 12:00am
Body of DCO Gwadar found from car in Karachi

Body of DCO Gwadar found from car in Karachi

The dead body of District Co-ordination Officer (DCO) Gwadar, Abdul Rehman Dashti, was recovered from a car parked outside a house in Defence area on late Monday night, a private TV channel reported late Monday night.
Published 06 Mar, 2012 12:00am
Body of DCO Gwadar found from car in Karachi

Body of DCO Gwadar found from car in Karachi

The dead body of District Co-ordination Officer (DCO) Gwadar, Abdul Rehman Dashti, was recovered from a car parked outside a house in Defence area on late Monday night, a private TV channel reported late Monday night.
Published 06 Mar, 2012 12:00am
'FO will continue to protect national interests'

'FO will continue to protect national interests'

Foreign Secretary Jalil Abbas Jilani, in his maiden address to officers of the Foreign Service of Pakistan (FSP) on Monday underlined that the Foreign Office (FO), as one of the premier national institutions would continue striving to protect and promote
Published 06 Mar, 2012 12:00am
NFSA buying equipment to launch new testing services

NFSA buying equipment to launch new testing services

National Forensic Science Agency (NFSA) is purchasing latest equipment to launch some new testing services from first week of April to enhance capacity of Law Enforcement Agencies (LEAs) in criminal detection.
Published 06 Mar, 2012 12:00am
PPP considering replacing Naek with Aitzaz or Rabbani?

PPP considering replacing Naek with Aitzaz or Rabbani?

Co-Chairman Pakistan People's Party (PPP) President Asif Ali Zardari has constituted a committee to probe the unexpected defeat of party's candidate from Punjab, Aslam Gill, in the recently held Senate elections and to finalise the name of party's candida
Published 06 Mar, 2012 12:00am
Dengue control: CDA conducts survey across city

Dengue control: CDA conducts survey across city

Aimed at averting the onslaught of dengue mosquito in the city, the Capital Development Authority (CDA) has conducted a survey across the city, mapped areas which had shown dengue positive individuals in previous years, formulated a plan and began pre-emp
Published 06 Mar, 2012 12:00am
'Divided': ECP to hear Waheeda Shah case today

'Divided': ECP to hear Waheeda Shah case today

The 'divided' Election Commission of Pakistan (ECP) has summoned Waheeda Shah, a Pakistan People's Party (PPP) candidate, to appear before the commission on Tuesday over the charges of riggings and slapping of its lady polling officers on the eve of bye-p
Published 06 Mar, 2012 12:00am
UVAS begins DVM internship programme

UVAS begins DVM internship programme

University of Veterinary and Animal Sciences (UVAS), Vice Chancellor Professor Dr Talat Naseer Pasha has said that the new system of internship programme will bring a healthy change between academia and industry's interaction. He was addressing inaugural
Published 06 Mar, 2012 12:00am
Textile industry facing acute power shortage

Textile industry facing acute power shortage

Textile industry has entered the month of March with a dismal hope for sustained energy supply for 24/7 production spell. The industry circles told Business Recorder that power supply to industry is facing acute shortage with daily two hours loadsh
Published 06 Mar, 2012 12:00am
551 CNG stations in Punjab: no decision yet over gas supply suspension

551 CNG stations in Punjab: no decision yet over gas supply suspension

The Ministry of Petroleum and All Pakistan CNG Association (APCNGA) on Monday failed to reach at a decision on suspension of gas supply to 551 CNG stations across Punjab. A high level delegation of APCNGA led by Ghayas Abdullah Paracha met Secretary Petro
Published 06 Mar, 2012 12:00am
PU security guard laid to rest

PU security guard laid to rest

The Punjab University (PU) security guard Imran Rehmat, who was died after alleged torture of Muslim Town Investigation Police, was laid to rest here on Monday at Wafaqi Colony graveyard. Earlier the heirs of the deceased guard staged a protest and denied
Published 06 Mar, 2012 12:00am
Baloch insurgency

Baloch insurgency

On August 12, 2009 Khan of Kalat Mir Sulaiman Dawood declared himself ruler of Balochistan and formally made announcement of a Council for Independent Balochistan which also includes Brahmdagh Bugti. The Council's declared objective is to liberate Bloch a
Published 06 Mar, 2012 12:00am
Volunteerism flourishes in disaster-hit areas of Japan

Volunteerism flourishes in disaster-hit areas of Japan

On a chilly Saturday morning, Hirokazu Murano and other postal workers scooped up debris and mud from a 120-year-old house in the isolated coastal area in north-eastern Japan that was flattened by a tsunami one year ago. Murano and 70 others came to the c
Published 06 Mar, 2012 12:00am
Sindh Assembly rejects Arbab Rahim's leave applications

Sindh Assembly rejects Arbab Rahim's leave applications

Sindh Assembly on Monday rejected leave applications of former Chief Minister Sindh, Dr Ghulam Arbab Rahim with majority vote. Pakistan Muslim League-Likeminded (PML-L) MPA Abdul Razzaq Rahimoon had forwarded the applications first on February 15 and the
Published 06 Mar, 2012 12:00am
LCCI terms meetings with Sudanese businessmen fruitful

LCCI terms meetings with Sudanese businessmen fruitful

The six-member delegation of the Lahore Chamber of Commerce and Industry (LCCI) held productive and fruitful meetings with the Sudan Cotton Company, Sudan Council for Investment and Under Secretary for Industries and Federation of Sudan Businessmen Federa
Published 06 Mar, 2012 12:00am