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Print - 2012-03-23
India abandons rail price hikes in latest setback

India abandons rail price hikes in latest setback

The Indian government on Thursday scrapped plans to hike most rail fares, underscoring the Congress-led coalition''s growing difficulties in implementing tough policy decisions. "I intend to give relief to the already burdened common man," the new Railway
Published 23 Mar, 2012 12:00am
'UN Supreme Court to resolve Indo-Pak water dispute'

'UN Supreme Court to resolve Indo-Pak water dispute'

Pakistan is left with no option but to take its complaint urgently to the UN Security Council for the protection of human rights of over 180 million people and safety of their country to stop India building high dams on Western Rivers.
Published 23 Mar, 2012 12:00am
'UN Supreme Court to resolve Indo-Pak water dispute'

'UN Supreme Court to resolve Indo-Pak water dispute'

Pakistan is left with no option but to take its complaint urgently to the UN Security Council for the protection of human rights of over 180 million people and safety of their country to stop India building high dams on Western Rivers.
Published 23 Mar, 2012 12:00am
''UN Supreme Court to resolve Indo-Pak water dispute''

''UN Supreme Court to resolve Indo-Pak water dispute''

Pakistan is left with no option but to take its complaint urgently to the UN Security Council for the protection of human rights of over 180 million people and safety of their country to stop India building high dams on Western Rivers.
Published 23 Mar, 2012 12:00am
Holiday Notice

Holiday Notice

The offices of Business Recorder will remain closed today, Friday (March 23) on account of Pakistan Day. Arrangements have, however, been made to bring out the newspaper and Internet Edition tomorrow, Saturday (March 24), as usual.
Published 23 Mar, 2012 12:00am
Holiday Notice

Holiday Notice

The offices of Business Recorder will remain closed today, Friday (March 23) on account of Pakistan Day. Arrangements have, however, been made to bring out the newspaper and Internet Edition tomorrow, Saturday (March 24), as usual.
Published 23 Mar, 2012 12:00am
US sees Taliban talks suspension as tactical move

US sees Taliban talks suspension as tactical move

The Taliban's suspension of preliminary peace talks is a tactical move reflecting internal tensions, US officials believe, rather than a definitive halt to discussions the White House hopes will bring a peaceful end to the war in Afghanistan.
Published 23 Mar, 2012 12:00am
Tapi gas project: talks held to move forward

Tapi gas project: talks held to move forward

Secretary Petroleum Muhammad Ejaz Chaudhry met his Indian counterpart, G C Chaturvedi here on Thursday and discussed bilateral trade of petroleum products and the Turkmenistan - Afghanistan - Pakistan - India (Tapi) gas pipeline project. Pakistani delegat
Published 23 Mar, 2012 12:00am
Tapi gas project: talks held to move forward

Tapi gas project: talks held to move forward

Secretary Petroleum Muhammad Ejaz Chaudhry met his Indian counterpart, G C Chaturvedi here on Thursday and discussed bilateral trade of petroleum products and the Turkmenistan - Afghanistan - Pakistan - India (Tapi) gas pipeline project. Pakistani delegat
Published 23 Mar, 2012 12:00am
Tapi gas project: talks held to move forward

Tapi gas project: talks held to move forward

Secretary Petroleum Muhammad Ejaz Chaudhry met his Indian counterpart, G C Chaturvedi here on Thursday and discussed bilateral trade of petroleum products and the Turkmenistan - Afghanistan - Pakistan - India (Tapi) gas pipeline project. Pakistani delegat
Published 23 Mar, 2012 12:00am
BP gets okay to drill deepwater well off Shetland

BP gets okay to drill deepwater well off Shetland

BP has got a green light to drill a deepwater well off the Shetland Island, the UK government said on Thursday, a move in line with Britain's plans to encourage more exploration in the North Sea. The announcement came a day after the UK government's annua
Published 23 Mar, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 23 Mar, 2012 12:00am
Italian industry sees hope in Monti's reform

Italian industry sees hope in Monti's reform

The westbound road out of Turin, framed by the Alps, would be scenic if it were not for the long line of shuttered car and parts plants that testify to a deep slump in Italy's car industry. The small firms that cluster around Fiat's Mirafiori factory, now
Published 23 Mar, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 23 Mar, 2012 12:00am
Ignore Florida law on Cuba trade, says county attorney

Ignore Florida law on Cuba trade, says county attorney

Florida had no authority to enact a pending law that would prohibit local governments from hiring firms that do business with Cuba because federal law trumps state law when it comes to foreign policy, the Miami-Dade county attorney has advised. County Att
Published 23 Mar, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Mar, 2012 12:00am
LSE index sheds 33.53 points

LSE index sheds 33.53 points

Equities failed to maintain upward slide on the Lahore Stock Exchange on Thursday and registered losses amid increased trading turnover due to selling pressure in blue chips. The LSE-22 index lost 33.53 points and was closed at 3451.70 against 3485.23 of
Published 23 Mar, 2012 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 23 Mar, 2012 12:00am
LSE index sheds 33.53 points

LSE index sheds 33.53 points

Equities failed to maintain upward slide on the Lahore Stock Exchange on Thursday and registered losses amid increased trading turnover due to selling pressure in blue chips. The LSE-22 index lost 33.53 points and was closed at 3451.70 against 3485.23 of
Published 23 Mar, 2012 12:00am
Board meetings

Board meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Mar, 2012 12:00am
ISE down 4.57 points

ISE down 4.57 points

Bears dominated the proceedings on Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 4.57 points as the ISE Ten Index moved from 2,742.71 to 2,738.14 point
Published 23 Mar, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Mar, 2012 12:00am
ISE down 4.57 points

ISE down 4.57 points

Bears dominated the proceedings on Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 4.57 points as the ISE Ten Index moved from 2,742.71 to 2,738.14 point
Published 23 Mar, 2012 12:00am
Rs 40 billion additional burden likely on power consumers

Rs 40 billion additional burden likely on power consumers

The government is likely to put an additional burden of over Rs 40 billion on electricity consumers on account of recently approved power tariff under fuel adjustment surcharge for four months - October 2011 to January 2012. According to sources in Nation
Published 23 Mar, 2012 12:00am
Rs 40 billion additional burden likely on power consumers

Rs 40 billion additional burden likely on power consumers

The government is likely to put an additional burden of over Rs 40 billion on electricity consumers on account of recently approved power tariff under fuel adjustment surcharge for four months - October 2011 to January 2012. According to sources in Nation
Published 23 Mar, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (March 22, 2012).

Published 23 Mar, 2012 12:00am
Rs 40 billion additional burden likely on power consumers

Rs 40 billion additional burden likely on power consumers

The government is likely to put an additional burden of over Rs 40 billion on electricity consumers on account of recently approved power tariff under fuel adjustment surcharge for four months - October 2011 to January 2012. According to sources in Nation
Published 23 Mar, 2012 12:00am
US intelligence sees global water conflict risks rising

US intelligence sees global water conflict risks rising

Fresh water supplies are unlikely to keep up with global demand by 2040, increasing political instability, hobbling economic growth and endangering world food markets, according to a US intelligence assessment released on Thursday.
Published 23 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (March 22, 2012).

Published 23 Mar, 2012 12:00am
US intelligence sees global water conflict risks rising

US intelligence sees global water conflict risks rising

Fresh water supplies are unlikely to keep up with global demand by 2040, increasing political instability, hobbling economic growth and endangering world food markets, according to a US intelligence assessment released on Thursday.
Published 23 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (March 22, 2012).

Published 23 Mar, 2012 12:00am
US intelligence sees global water conflict risks rising

US intelligence sees global water conflict risks rising

Fresh water supplies are unlikely to keep up with global demand by 2040, increasing political instability, hobbling economic growth and endangering world food markets, according to a US intelligence assessment released on Thursday.
Published 23 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (March 22, 2012).

Published 23 Mar, 2012 12:00am
Mali junta shuts borders after coup, president safe

Mali junta shuts borders after coup, president safe

Coup leaders in Mali Thursday ordered all borders closed after taking over key buildings in Bamako and ousting President Amadou Toumani Toure overnight, sparking international concern and condemnation. The renegade army officers, calling themselves the Na
Published 23 Mar, 2012 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

Strong demand for dollars, pushed the rupee down on the local currency market on Thursday in process of trading, dealers said.
Published 23 Mar, 2012 12:00am
Mali junta shuts borders after coup, president safe

Mali junta shuts borders after coup, president safe

Coup leaders in Mali Thursday ordered all borders closed after taking over key buildings in Bamako and ousting President Amadou Toumani Toure overnight, sparking international concern and condemnation. The renegade army officers, calling themselves the Na
Published 23 Mar, 2012 12:00am
THE RUPEE: dollar higher

THE RUPEE: dollar higher

Strong demand for dollars, pushed the rupee down on the local currency market on Thursday in process of trading, dealers said.
Published 23 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 22, 2012).

Published 23 Mar, 2012 12:00am
EU agrees some Iran oil insurance exemptions

EU agrees some Iran oil insurance exemptions

European Union governments reached a preliminary agreement on Thursday to allow some insurance on Iranian oil shipments before the EU's full embargo on Tehran's crude starts on July 1, an EU diplomat said. The decision, which is expected to be formally ap
Published 23 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 22, 2012).

Published 23 Mar, 2012 12:00am
EU agrees some Iran oil insurance exemptions

EU agrees some Iran oil insurance exemptions

European Union governments reached a preliminary agreement on Thursday to allow some insurance on Iranian oil shipments before the EU's full embargo on Tehran's crude starts on July 1, an EU diplomat said. The decision, which is expected to be formally ap
Published 23 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 Thursday (March 22, 2012).

Published 23 Mar, 2012 12:00am
EU agrees some Iran oil insurance exemptions

EU agrees some Iran oil insurance exemptions

European Union governments reached a preliminary agreement on Thursday to allow some insurance on Iranian oil shipments before the EU''s full embargo on Tehran''s crude starts on July 1, an EU diplomat said. The decision, which is expected to be formally
Published 23 Mar, 2012 12:00am
India abandons rail price hikes in latest setback

India abandons rail price hikes in latest setback

The Indian government on Thursday scrapped plans to hike most rail fares, underscoring the Congress-led coalition's growing difficulties in implementing tough policy decisions. "I intend to give relief to the already burdened common man," the new Railway
Published 23 Mar, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (March 22, 2012).

Published 23 Mar, 2012 12:00am
India abandons rail price hikes in latest setback

India abandons rail price hikes in latest setback

The Indian government on Thursday scrapped plans to hike most rail fares, underscoring the Congress-led coalition's growing difficulties in implementing tough policy decisions. "I intend to give relief to the already burdened common man," the new Railway
Published 23 Mar, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (March 22, 2012) and for Friday (March 23, 2012).
Published 23 Mar, 2012 12:00am
US ready to talk on Salala incident, all issues: Munter

US ready to talk on Salala incident, all issues: Munter

Acknowledging sacrifices of Pakistan in war against terror, United States Ambassador to Pakistan Cameron Munter said his country wanted talks with Pakistan to resolve all issues including Salala check post incident. In an exclusive interview to VOG, he sa
Published 23 Mar, 2012 12:00am
Punjab government to distribute 110,000 laptops among students

Punjab government to distribute 110,000 laptops among students

The Punjab government is distributing 1,10,000 laptops worth Rs 3 billion among talented students during the current fiscal year while around 300,000 laptops worth Rs 12 billion will be distributed during FY 2012-13 on merit.
Published 23 Mar, 2012 12:00am
NAB approves voluntary return of Rs 98 million by Justice Qayyum

NAB approves voluntary return of Rs 98 million by Justice Qayyum

The Executive Board of the National Accountability Bureau (NAB) on Thursday approved the voluntary return of Rs 98 million by former Justice Malik Qayyum in Aglam Global Links (Pvt) Ltd (Qasr-e-Zauk) case. Malik Qayyum was the illegal beneficiary in this
Published 23 Mar, 2012 12:00am
No leads on French shooter in Afghanistan, Pakistan

No leads on French shooter in Afghanistan, Pakistan

Officials in Afghanistan and Pakistan told AFP on Thursday that they could not immediately trace the Toulouse gunman as having visited either country or held by US-led forces as announced in France. French prosecutor Francois Molins said Mohamed Merah cla
Published 23 Mar, 2012 12:00am
Punjab industries: five-day per week gas supply from March 26

Punjab industries: five-day per week gas supply from March 26

Federal Petroleum Minister Dr Asim Hussain announced on Thursday five days a week gas supply to industry in Punjab from March 26 onwards. He was speaking to members of All Pakistan Textile Mills Association (APMTA) through telephone, hoping for 24/7 gas s
Published 23 Mar, 2012 12:00am
President to visit Tajikistan

President to visit Tajikistan

President Asif Ali Zardari will visit Tajikistan at the invitation of his Tajik counterpart Imamali Rahman to attend Nauroz celebrations in Dushanbe on Sunday. Foreign Office Spokesman Abdul Basit told newsmen on Thursday that the visit would provide an o
Published 23 Mar, 2012 12:00am
Wage Award

Wage Award

The Supreme Court issued directives to the Chairman Implementation Tribunal for Newspaper Employees (ITNE) to implement the 7th Wage Board Award and disposed of a Civil Miscellaneous Application (CMA), filed by the PFUJ in this regard on Thursday.
Published 23 Mar, 2012 12:00am
'Around 10 million women not registered with ECP'

'Around 10 million women not registered with ECP'

The negligence of women in Pakistan can be judged with the fact that around 10 million women are not registered with the Election Commission of Pakistan (ECP) due to the fact that these women have not been registered with Nadra.
Published 23 Mar, 2012 12:00am
President approves appointment of 2 FSC, 5 LHC judges

President approves appointment of 2 FSC, 5 LHC judges

President Asif Ali Zardari on Thursday approved appointment of two Federal Shariat Court judges and five judges of Lahore High Court. According to details, former Justice Shaikh Ahmad Farooq and former Justice Muhammad Jehangir Arshad have been nominated
Published 23 Mar, 2012 12:00am
Troops beat up student; windstorm death toll reaches seven in IHK

Troops beat up student; windstorm death toll reaches seven in IHK

Indian troops ruthlessly beat up and injured a 15-year old student in Sopore town in occupied Kashmir. Indian troops arrested and beat up the ninth class student, Bilal Ahmad Ganie, without any reason at Rampora-Rajpore in the town, the relatives of victi
Published 23 Mar, 2012 12:00am
'Middlemen won't be allowed to sell wheat to Punjab Food Department'

'Middlemen won't be allowed to sell wheat to Punjab Food Department'

Commissioner Lahore Division Jawad Rafique Malik said on Friday that middlemen would not be allowed to sell wheat to the Punjab Food Department. Provision of gunny bags and purchase of wheat would be made as per policy of the government in the presence of
Published 23 Mar, 2012 12:00am
Khar, Munter discuss Pakistan's re-engagement with US

Khar, Munter discuss Pakistan's re-engagement with US

Foreign Minister Hina Rabbani Khar and United States Ambassador to Pakistan Cameron Munter on Thursday discussed Islamabad's re-engagement with Washington. According to Foreign Office, Ambassador Munter called on Foreign Minister Khar and discussed matter
Published 23 Mar, 2012 12:00am
'All facilities to be extended to special children'

'All facilities to be extended to special children'

The Punjab government has decided to give laptops to special children acquiring education from two degree colleges of Bahawalpur and Lahore. Similarly, cash prizes would also be given to position holders in secondary school examination in all boards of Pu
Published 23 Mar, 2012 12:00am
JUI-F will oppose move to use parliament on national security

JUI-F will oppose move to use parliament on national security

Jamiat-e-Ulema-e-Islam (JUI-F) Chief Maulana Fazlur Rehman on Thursday said that JUI-F will oppose any move to use parliament on national security issues because the country's sovereignty, integrity and economic stability were very important for the party
Published 23 Mar, 2012 12:00am
'Rehabilitation of Jinnah barrage to add to worries of people'

'Rehabilitation of Jinnah barrage to add to worries of people'

Rehabilitation of Jinnah Barrage on River Indus, would bring miseries, hardships and losses for the people of adjacent areas besides increasing the water logging and wastage of huge funds, said Fazl-e-Rabb President of Sindh Bachao Tarla & Parah Developme
Published 23 Mar, 2012 12:00am
Polish mountaineering team achieves historical success

Polish mountaineering team achieves historical success

A four-person Polish Mountaineering Association expedition initiated by President of the Sport Commission, Ireneusz Ra, MP, under the honorary patronage of Bronis, aw Komorowski, President of the Republic of Poland, has achieved a historical success by re
Published 23 Mar, 2012 12:00am
Pakistan rejects allegation of providing funds to BNP

Pakistan rejects allegation of providing funds to BNP

Pakistan on Thursday rejected allegations that its premier spy agency, Inter-Services Intelligence (ISI) had financed the Bangladesh Nationalist Party (BNP) during the general elections in Bangladesh in 1991. Responding a query during weekly press briefin
Published 23 Mar, 2012 12:00am
Clerks demand approval of timescale formula

Clerks demand approval of timescale formula

All Pakistan Clerks Association (APCA), Multan on Thursday organised a rally to protest the non-approval of timescale formula. The clerks also demanded implementation of recommendations of the pay and pension committee. They resolved that countrywide prot
Published 23 Mar, 2012 12:00am
'Government ready to talk to Taliban'

'Government ready to talk to Taliban'

Federal Minister for Interior, Rehman Malik reiterated on Thursday that the government was ready to hold conditional talks with Taliban, adding that the negotiation was the only way to bring peace and stability in the region.
Published 23 Mar, 2012 12:00am
World Meteorological Day today

World Meteorological Day today

The United Nations' (UN) World Meteorological Day will be observed on March 23 across the world including Pakistan to remember the World Meteorological Organisation's establishment on that date in 1950. The theme of World Meteorological Day 2012 will be:
Published 23 Mar, 2012 12:00am
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