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Sep 21, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-03-24
US debt prices post third day of gains

US debt prices post third day of gains

US Treasury debt prices rose on Thursday, retracing some of their recent losses, as a decline in manufacturing in China and the eurozone's two largest economies raised demand for safe-haven assets and hurt stocks on worries that global growth was falterin
Published 24 Mar, 2012 12:00am
US debt prices post third day of gains

US debt prices post third day of gains

US Treasury debt prices rose on Thursday, retracing some of their recent losses, as a decline in manufacturing in China and the eurozone's two largest economies raised demand for safe-haven assets and hurt stocks on worries that global growth was falterin
Published 24 Mar, 2012 12:00am
Seoul stocks flat

Seoul stocks flat

Seoul shares reversed early losses to finish flat on Friday as investors sought buying opportunities in the wake of recent selling, despite downward pressure from weak manufacturing data out of China and Europe. The Korea Composite Stock Price Index (KOSP
Published 24 Mar, 2012 12:00am
Hong Kong and China shares post weekly losses on growth fears

Hong Kong and China shares post weekly losses on growth fears

Hong Kong shares lost 1.1 percent on Friday, capping their worst week since November, and Shanghai fell to its lowest level in nearly six weeks as concern over global economic growth, particularly for China, is cutting gains from this year's rally.
Published 24 Mar, 2012 12:00am
European shares suffer worst week of 2012

European shares suffer worst week of 2012

European shares closed fractionally lower on Friday to record their steepest weekly loss since the start of the year as weak economic data from China and the United States helped bring a four-month rally to a halt. The pan-European FTSEurofirst 300 closed
Published 24 Mar, 2012 12:00am
Taiwan stocks higher

Taiwan stocks higher

Taiwan stocks rose 0.21 percent on Friday, with banks rising after the central bank left interest rates on hold and said it hoped to sign a currency clearing agreement with China around the middle of the year. The main TAIEX index ended up 16.67 points at
Published 24 Mar, 2012 12:00am
Indian shares gain on IT sector

Indian shares gain on IT sector

Indian shares rose about 1 percent on Friday in low volumes, recovering from steep losses in the previous session, as software service exporters such as Infosys gained after global rival Accenture raised its profit outlook for the year.
Published 24 Mar, 2012 12:00am
Miners push FTSE higher

Miners push FTSE higher

Britain's FTSE 100 closed slightly higher on Friday, as a late-session rebound in heavyweight mining stocks pushed it back up above a key technical support level, slightly brightening the outlook for coming sessions. The rebound came as strong earnings an
Published 24 Mar, 2012 12:00am
Euribor futures move up

Euribor futures move up

Euribor futures contracts edged up on Friday as worries about southern European states' ability to meet fiscal targets while recession bites reinforced expectations the European Central Bank will keep interest rates steady for the foreseeable future.
Published 24 Mar, 2012 12:00am
Yuan ends lower

Yuan ends lower

The yuan closed lower against the dollar on Friday, with traders wary of reading too much into a decision by the People's Bank of China to set a record high midpoint for the currency. Traders said the PBOC move was a goodwill gesture ahead of a meeting be
Published 24 Mar, 2012 12:00am
Yen falls in Asia

Yen falls in Asia

The yen softened on Friday after Tokyo importers took advantage of its broad rally the day before, while risk currencies such as the Australian dollar were poised to end the week sharply lower on fresh concern about the health of the global economy. Manuf
Published 24 Mar, 2012 12:00am
Euro, Australian $ bounce back versus dollar

Euro, Australian $ bounce back versus dollar

The euro and the Australian dollar bounced back against the US dollar on Friday as concerns over a slowdown in China and the eurozone eased slightly, but dealers said the greenback would be supported by the improving outlook in the United States.
Published 24 Mar, 2012 12:00am
Early trade in New York: Euro hits three-week high

Early trade in New York: Euro hits three-week high

The euro rose to a three-week high against the dollar on Friday after three straight days of losses while the Australian dollar stabilised from its recent plunge as concerns over a slowdown in China and the euro zone eased slightly. The euro last traded a
Published 24 Mar, 2012 12:00am
Euro slips in New York

Euro slips in New York

The euro slid against the dollar and yen on Thursday after a fall in manufacturing in the eurozone's two largest economies and in China rekindled worries about global growth. Manufacturing in the eurozone unexpectedly fell in March, hit by a sharp fall in
Published 24 Mar, 2012 12:00am
Sri Lankan rupee edges up

Sri Lankan rupee edges up

Sri Lanka's rupee closed a tad firmer on Friday on light inflows from worker remittances and low importer dollar demand a day after the island nation's treasury secretary forecast the currency would strengthen to at least 125, dealers said. The rupee clos
Published 24 Mar, 2012 12:00am
Indian markets closed

Indian markets closed

Indian currency, bond and interbank cash markets were closed on Friday due to a public holiday. Normal trading across all the three markets resumes on Monday.
Published 24 Mar, 2012 12:00am
Australian and New Zealand dollars up

Australian and New Zealand dollars up

The Australian and New Zealand dollars drifted off multi-month lows against the greenback on Friday, but looked set to post their biggest weekly fall this year after weak manufacturing surveys from China and Europe reignited global growth worries. The Aus
Published 24 Mar, 2012 12:00am
Swiss franc steadies

Swiss franc steadies

The Swiss franc trod water against the euro on Friday after Swiss National Bank board me Jean-Pierre Danthine reaffirmed the central bank's commitment to defend a franc-euro cap imposed in September to stave off recession. The franc rose 0.4 percent again
Published 24 Mar, 2012 12:00am
Sterling gains versus dollar

Sterling gains versus dollar

Sterling rose against a broadly weaker dollar on Friday, recouping losses triggered by poor UK data the previous day, although further gains could be hampered by speculation of more asset purchases by the Bank of England. The pound climbed 0.3 percent to
Published 24 Mar, 2012 12:00am
Won tumbles, Singapore dollar up

Won tumbles, Singapore dollar up

The South Korean won on Friday hit a two-month low and most emerging Asian currencies were set for losses this week - and facing more downside next one - as worries about global growth made investors shun risk assets. Growth concerns prompted investors to
Published 24 Mar, 2012 12:00am
French intelligence under fire over al Qaeda shooter

French intelligence under fire over al Qaeda shooter

France's prime minister rejected accusations on Friday that intelligence lapses allowed a young Muslim with a violent criminal record, spotted twice in Afghanistan, to become the first al Qaeda-inspired killer to strike on its soil. Hardened by battling I
Published 24 Mar, 2012 12:00am
Russia's lower house passes law on party reform

Russia's lower house passes law on party reform

Russia's lower house of parliament Friday voted to adopt a law meant to make registration of new political parties easier in a response to massive winter rallies that demanded political change. Under the draft law, the minimum number of members required f
Published 24 Mar, 2012 12:00am
Japan's investment firm raided over pension fund loss

Japan's investment firm raided over pension fund loss

Japan's securities watchdog Friday raided the head office of a Tokyo investment company accused of losing $1.3 billion of pension funds' money after exaggerating its performance to attract clients. Investigators from the Securities and Exchange Surveillan
Published 24 Mar, 2012 12:00am
EU carbon charge under fire as climate chief heads to US

EU carbon charge under fire as climate chief heads to US

The European Union climate chief heads to the United States next week to defend the bloc's carbon charge on flights to the EU, while governments, airlines and planemakers warn it could lead to chaos in the skies and a trade war. The law, which officially
Published 24 Mar, 2012 12:00am
Thousands march in Bahrain for reforms

Thousands march in Bahrain for reforms

Thousands of Bahrainis took to the streets of Shia villages around the capital on Friday to demand reforms, with some calling for the ouster of the Sunni-ruled regime, witnesses said. Muslim clerics, women, and elderly people, responding to calls from the
Published 24 Mar, 2012 12:00am
Italy's cabinet approves framework for labour reform

Italy's cabinet approves framework for labour reform

Italy's government approved Friday the framework of Prime Minister Mario Monti's contentious labour reform package after weeks of bitter negotiations with employers and trade unions. The cabinet adopted a draft version of the package, the details of which
Published 24 Mar, 2012 12:00am
Brazil's Rousseff to attend BRICS summit in India

Brazil's Rousseff to attend BRICS summit in India

Brazilian President Dilma Rousseff plans to travel to India next week for a summit of emerging powers and separate talks with Indian leaders on defense and bilateral trade, officials said Thursday. The March 28 summit will bring together leaders of the BR
Published 24 Mar, 2012 12:00am
Europe launches third robot freighter to space station

Europe launches third robot freighter to space station

An automated craft laden with supplies for the International Space Station (ISS) headed into space on Friday in the heaviest launch ever undertaken by Europe. The 20-tonne vessel, named after 20th-century Italian physicist, Edoardo Amaldi, blasted off ato
Published 24 Mar, 2012 12:00am
Senegal presidential challenger offers tax-free rice

Senegal presidential challenger offers tax-free rice

Senegalese presidential challenger Macky Sall is hoping that the lure of tax-free rice will help him win over voters in Sunday's election run-off, in which he is seeking to end incumbent Abdoulaye Wade's 12-year rule. The proposition may seem trivial. But
Published 24 Mar, 2012 12:00am
Roche to sell cheaper cancer drugs in India

Roche to sell cheaper cancer drugs in India

Swiss drugmaker Roche Holding plans to offer cut-price versions of two blockbuster cancer drugs for the Indian market soon, a company spokesman said on Friday, days after the government moved to slash the price of another cancer treatment. India stripped
Published 24 Mar, 2012 12:00am
'The Missile' finally accepts the nickname that fits

'The Missile' finally accepts the nickname that fits

Australia's great Olympic swimming hope James Magnussen will not ditch his acts of verbal intimidation at the London Games after finally embracing his nickname "The Missile". Magnussen's manager said on Friday the 20-year-old would keep talking the talk b
Published 24 Mar, 2012 12:00am
South Africa pick three novices to face India

South Africa pick three novices to face India

Three uncapped players were on Friday named in the South African squad to face India in a one-off Twenty20 international in Johannesburg on March 30. Long-serving all-rounder Jacques Kallis is the only player currently in South Africa's Test squad in New
Published 24 Mar, 2012 12:00am
South African batsmen dominate in Wellington

South African batsmen dominate in Wellington

South Africa took control of a weather-disrupted opening day in the third and final Test against hosts New Zealand, compiling 136-2 on Friday on a wicket expected to favour the bowlers. At the close of play at Basin Reserve, Alviro Petersen was unbeaten o
Published 24 Mar, 2012 12:00am
Namibia next up for Ireland after win over Dutch

Namibia next up for Ireland after win over Dutch

Ireland inched closer to their target of joining Afghanistan in the World Twenty20 in Sri Lanka when they beat the Netherlands by seven wickets in the qualifying tournament on Friday. Ireland's bowlers restricted the Dutch to just 114-7 in 20 overs, which
Published 24 Mar, 2012 12:00am
Haddin's Test career in doubt

Haddin's Test career in doubt

Australian wicket-keeper Brad Haddin may have played his last Test after withdrawing Friday from the series against the West Indies for undisclosed family reasons. Haddin shocked the team before the One-day matches in the Caribbean by returning home but t
Published 24 Mar, 2012 12:00am
Exhausted Ponting needs rest

Exhausted Ponting needs rest

Australian veteran Ricky Ponting revealed on Friday that mental and physical exhaustion had prompted a decision to rest this year rather than take up a stint with English county Somerset. Ponting had the option of playing in England during the seven-month
Published 24 Mar, 2012 12:00am
Serena, Clijsters, Sharapova advance at Miami

Serena, Clijsters, Sharapova advance at Miami

Serena Williams, saying she felt nervous and rusty, made a triumphant WTA return from a left ankle injury, defeating China's Zhang Shuai 6-2, 6-3 on Thursday at the WTA and ATP Miami hardcourt event. Fellow former World No 1 players Kim Clijsters, Maria S
Published 24 Mar, 2012 12:00am
Sri Lanka recall Randiv for England Tests

Sri Lanka recall Randiv for England Tests

Sri Lanka's cricket selectors on Friday recalled off-spinner Suraj Randiv for the home Test series against England, but left out in-form batsman Chamara Silva. Randiv, who was dropped for the tour of South Africa in December-January, won back his place in
Published 24 Mar, 2012 12:00am
53 players selected for Wapda's Endowment Fund

53 players selected for Wapda's Endowment Fund

Pakistan Water And Power Development Authority (Wapda) has selected 53 young players after completion of a series of trials conducted all over Pakistan for the second batch of Wapda Endowment Fund for Sports, established for elevating the standards of spo
Published 24 Mar, 2012 12:00am
Veteran Senior Cricket Cup: Amar Cables, Okara Veteran win

Veteran Senior Cricket Cup: Amar Cables, Okara Veteran win

Two more matches were decided in the 14th National Veteran Senior Cricket Cup on Friday. In the first match, Amar Cables beat Hajvery Sports by 95 runs while Okara Veteran, in the second match defeated Golden Eagles by 4 wickets and qualified for the zona
Published 24 Mar, 2012 12:00am
National Basketball Championship begins

National Basketball Championship begins

51st National Basketball Championship will begin on Saturday under the aegis of Wapda Sports Board at Sports Complex. The 8-day National Championship being sponsored by Wapda has been dedicated to the strategically important Neelum-Jehlum Hydropower Proje
Published 24 Mar, 2012 12:00am
Pakistan hails 'wonderful' Asia Cup crown

Pakistan hails 'wonderful' Asia Cup crown

Pakistan on Friday celebrated a nail-biting victory in the Asia Cup after a two-run win over Bangladesh that was hailed as providing some much-needed relief to the troubled country. Pakistan clinched only their second Asia Cup title in Dhaka late Thursday
Published 24 Mar, 2012 12:00am
Sri Lanka rejects UN war resolution amid anger

Sri Lanka rejects UN war resolution amid anger

Sri Lanka Friday rejected a UN resolution urging it to seek external help in probing alleged war crimes committed during an onslaught against the separatist Tamil Tiger rebels nearly three years ago. Acting Foreign Minister Dew Gunasekera told parliament
Published 24 Mar, 2012 12:00am
Radicals could hit Germany too: intelligence chief

Radicals could hit Germany too: intelligence chief

Germany is not immune from attacks of the kind seen in France, where lone-wolf extremist Mohamed Merah was shot dead by police after allegedly killing seven people, a domestic intelligence chief warned Friday. "It's a danger we've been warning about for y
Published 24 Mar, 2012 12:00am
Russia doubles nuclear exports

Russia doubles nuclear exports

Russia doubled foreign orders to build nuclear reactors last year and has a $50 billion order book for the next decade despite jitters over atomic power following the Fukushima disaster, its nuclear power chief said on Friday. State-owned Rosatom says it
Published 24 Mar, 2012 12:00am
Soldiers loot in Mali after coup

Soldiers loot in Mali after coup

Soldiers looted petrol stations and hijacked cars in the Malian capital Bamako on Friday 48 hours after a military coup, as the African Union said it had assurances that President Amadou Toumani Toure was safe. The AU also suspended Mali's membership afte
Published 24 Mar, 2012 12:00am
US approves Egypt's military aid

US approves Egypt's military aid

The Obama administration on Friday formally released $1.3 billion in military aid for Egypt despite Cairo's failure to meet pro-democracy goals, saying US national security required continued military assistance. US Secretary of State Hillary Clinton waiv
Published 24 Mar, 2012 12:00am
EU authorises warships to hit Somali pirate lairs

EU authorises warships to hit Somali pirate lairs

The European Union authorised its navies to strike Somali pirate equipment on land as foreign ministers on Friday beefed up the anti-piracy mission and extended it until December 2014. The EU's Operation Atalanta has deployed between five and 10 warships
Published 24 Mar, 2012 12:00am
12 dead in swine flu outbreak in India

12 dead in swine flu outbreak in India

At least 12 deaths have been reported in a swine flu outbreak across four Indian states, health ministry officials said Friday. The outbreak has affected a total of 129 people since the beginning of March and many of the patients were still hospitalised,
Published 24 Mar, 2012 12:00am
US expects 'sufficient' European help to fund post-2014 Afghanistan

US expects 'sufficient' European help to fund post-2014 Afghanistan

A United States envoy said Friday he was reassured that European allies in Nato would provide funds to equip Afghanistan with "sufficient and sustainable" security forces after 2014. US and Nato commanders are planning to withdraw most of their troops and
Published 24 Mar, 2012 12:00am
Intel shows Iran nuclear threat not imminent

Intel shows Iran nuclear threat not imminent

The United States, European allies and even Israel generally agree on three things about Iran's nuclear program: Tehran does not have a bomb, has not decided to build one, and is probably years away from having a deliverable nuclear warhead.
Published 24 Mar, 2012 12:00am
EU slaps sanctions on Assad's family; mortars hit Homs

EU slaps sanctions on Assad's family; mortars hit Homs

The European Union slapped sanctions on President Bashar al-Assad's powerful mother and wife on Friday, targeting his inner circle in an effort to force Syria to end its repression of a year-long uprising. The EU's latest round of sanctions hit 10 other p
Published 24 Mar, 2012 12:00am
New York cotton ends a touch higher

New York cotton ends a touch higher

Cotton futures closed on Friday fractionally higher on buying by small speculators in a quiet session and analysts said the market could drift in a narrow band into next week. The benchmark May contract on ICE Futures US rose 0.05 cent to finish at 89.63
Published 24 Mar, 2012 12:00am
Shanghai copper climbs

Shanghai copper climbs

The most-traded June copper contract on the Shanghai Futures Exchange climbed 0.5 percent to 60,030 yuan ($9,500) on Friday. "At the moment, more and more people realise there is weak domestic demand in China, but market insiders are still not sure when i
Published 24 Mar, 2012 12:00am
Copper rebounds

Copper rebounds

Copper rebounded on Friday from a two-week low hit the previous session, helped by a weaker dollar and falling inventories, but ended lower on the week as worries over demand growth in top consumer China and elsewhere lingered. Three-month copper on the L
Published 24 Mar, 2012 12:00am
Oil rises on drop in Iranian crude exports

Oil rises on drop in Iranian crude exports

Oil prices rallied on Friday on news that Iranian oil exports have fallen significantly this month as tightening Western sanctions have caused some buyers to stop or scale back purchases. Iran's crude exports appear to have fallen in March by around 300,0
Published 24 Mar, 2012 12:00am
Tokyo rubber drops

Tokyo rubber drops

Tokyo rubber futures dropped to a two-week low on Friday on stop-loss selling following weaker Chinese economic data, but prices were still backed by tight supply that lifted TOCOM prices to finish above major support at 330 yen, dealers said. The benchma
Published 24 Mar, 2012 12:00am
Wheat rallies

Wheat rallies

Wheat futures rose 1.6 percent at the Chicago Board of Trade on Thursday on heavy short covering after pressure from a firm dollar pushed prices to their lowest level in more than a week early in the session, traders said. "It looked like wheat was trying
Published 24 Mar, 2012 12:00am
Palm oil climbs

Palm oil climbs

Malaysian palm oil futures rose to a nine-month high on Friday, as an upbeat demand outlook for the edible oil supported prices and investor optimism returned after earlier fears of a slowdown in global growth and commodity demand. Palm oil fell to a nine
Published 24 Mar, 2012 12:00am
Soft commodity futures choppy

Soft commodity futures choppy

Soft commodity futures were choppy on Friday, with arabica coffee sinking to near an 18-month low before speculator short-covering hoisted it back into positive territory. Sugar ended down and cocoa futures settled higher, with volume in New York soft com
Published 24 Mar, 2012 12:00am
Gold tumbles in New York

Gold tumbles in New York

Gold fell to its lowest price in more than two months on Thursday, as worries about continued contraction in manufacturing in both the eurozone and China triggered a broad sell-off. Bullion ended down 0.5 percent, but off its earlier low on some technical
Published 24 Mar, 2012 12:00am
Gold little changed in Asia

Gold little changed in Asia

Gold prices were little changed on Friday and on track for their fourth-straight week of losses, after weak economic data from China and the euro zone sent bullion to a two-month low in the previous session. Spot gold was little changed at $1,645.15 an ou
Published 24 Mar, 2012 12:00am
Gold climbs in Europe

Gold climbs in Europe

Gold climbed on Friday, helped by an advancing euro, but still looked set to end the week on a flat footing as patchy consumer demand weighed and increasing optimism about the economic outlook dampened investor appetite for the metal. Global equities drif
Published 24 Mar, 2012 12:00am
US MIDDAY: soya soars

US MIDDAY: soya soars

US soyabean futures rebounded on Friday as worries about drought-reduced crops in South America and early corn seeding in the US Midwest that may divert planted acres from soyabeans lifted prices 1 percent. Corn followed soyabeans higher, adding 0.6 perce
Published 24 Mar, 2012 12:00am
US MIDDAY: copper jumps

US MIDDAY: copper jumps

In New York, the May COMEX contract climbed 4.30 cents or 1.1 percent to settle at $3.8085 per lb on Friday, after dealing between $3.7625 and $3.8250. Volumes remained on the lighter side, with about 52,000 lots traded in late New York business, about a
Published 24 Mar, 2012 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose 1 percent on Friday, on track for its biggest one-day gain in almost a month, as higher crude oil prices and a sharp drop in the dollar prompted investors to cover short positions after a sell-off earlier in the week. Bullion is set for its firs
Published 24 Mar, 2012 12:00am
PCDMA to hold exposition from June 15

PCDMA to hold exposition from June 15

Pakistan Chemical and Dyes Merchants Association (PCDMA) Chairman Najamuddin Chughtai announced on Friday that the association would hold 'Chem and Dye Tech Expo' at the Karachi Expo Centre from June 15-17, 2012. He announced this while addressing a press
Published 24 Mar, 2012 12:00am
Pakistan Day celebrated in Quetta

Pakistan Day celebrated in Quetta

The Pakistan Day was celebrated in the provincial capital and other parts of Balochistan with traditional zeal and enthusiasm on Friday to commemorate the passage of the Pakistan Resolution.
Published 24 Mar, 2012 12:00am
Multan celebrates Pakistan Day

Multan celebrates Pakistan Day

Pakistan Day has been celebrated on Friday with traditional zeal and enthusiasm to commemorate the passage of the Lahore Resolution, later called the Pakistan Resolution, which eventually led to the creation of Pakistan.
Published 24 Mar, 2012 12:00am
Pakistan Day celebrated in Punjab with national zeal

Pakistan Day celebrated in Punjab with national zeal

Pakistan Day was celebrated with national zeal and fervour throughout the province of Punjab like other parts of the country on Friday. National flag was hoisted on all public and private buildings and thanksgiving prayers were offered in mosques for stab
Published 24 Mar, 2012 12:00am
Rickshaw drivers protest against traffic police

Rickshaw drivers protest against traffic police

Hundreds of rickshaw drivers on Friday staged a demonstration at Chowk Kutchehry to protest against the high handedness of the traffic police and 100 percent increase in the fine. A rickshaw driver attempted to self-immolation but people of the area foile
Published 24 Mar, 2012 12:00am
SIUT, Comstech organise workshop on human genetics

SIUT, Comstech organise workshop on human genetics

The importance of human genetics as a subject of vital importance for the progress and betterment of mankind was stressed at a workshop on bioinformatics jointly organised by Sindh Institute of Urology and Transplantation (SIUT) and Comstech here on Thurs
Published 24 Mar, 2012 12:00am
PML-N invites applications for PP-194 by-polls

PML-N invites applications for PP-194 by-polls

Pakistan Muslim League-Nawaz (PML-N) has invited applications for party ticket for bye-election in PP-194 Multan. These applications can be submitted from March 23 to 25 at Provincial Secretariat of Muslim League-N, 52 B, New Muslim Town Lahore. Provincia
Published 24 Mar, 2012 12:00am
Cash, cellphone theft: Governor takes notice

Cash, cellphone theft: Governor takes notice

Sindh Governor, Dr Ishratul Ibad has taken strict notice of reports about the cash and cellphones snatching from people at Sharea Faisal, Gulistan-e-Johar and some other areas of the metropolis on Friday. Taking immediate notice of such reports, the Gover
Published 24 Mar, 2012 12:00am
Seventh anniversary of Aaj News celebrated

Seventh anniversary of Aaj News celebrated

Comm-issioner Mirpurkhas, Ghulam Hussain Memon, has said that Aaj News has emerged a leading news channel due to its authentic, trusted and wide news coverage and breaking news. This he said while speaking at a cake-cutting ceremony to mark the 7th
Published 24 Mar, 2012 12:00am
Sindh chief minister, Governor visit Quaid's mausoleum

Sindh chief minister, Governor visit Quaid's mausoleum

Sindh Governor Dr Ishrat-ul-Ebad Khan and Chief Minister Syed Qaim Ali Shah along with members of the provincial cabinet visited the mausoleum of Quaid-e-Azam Muhammad Ali Jinnah to pay homage to the father of the nation on the eve of Pakistan Day. They l
Published 24 Mar, 2012 12:00am
Corps Commander confers military awards

Corps Commander confers military awards

Corps Commander Lieutenant General Mohammad Ijaz Chaudhry on Friday conferred awards upon various military officers and shuhadas (martyrs) in a simple but graceful ceremony held at Corps Auditorium in connection with Pakistan Day. A large number of servin
Published 24 Mar, 2012 12:00am
Indus Motor holds Suppliers Convention

Indus Motor holds Suppliers Convention

"Auto vendors and suppliers should continue lending their excellent support to the local auto industry and work together as a team to meet the growing demand of Pakistani market." These views were expressed by Indus Motor Company (IMC) CEO Parvez Ghias at
Published 24 Mar, 2012 12:00am
EDB initiates exercise towards budget proposals

EDB initiates exercise towards budget proposals

Engineering Development Board (EDB) has constituted six sectoral committees and assigned them the task of examining the proposals relating to their respective sectors, as are received from the industry, various trade bodies and business houses. The EDB ha
Published 24 Mar, 2012 12:00am
EDB initiates exercise towards budget proposals

EDB initiates exercise towards budget proposals

Engineering Development Board (EDB) has constituted six sectoral committees and assigned them the task of examining the proposals relating to their respective sectors, as are received from the industry, various trade bodies and business houses. The EDB ha
Published 24 Mar, 2012 12:00am
Habib Metropolitan Bank refreshes brand identity

Habib Metropolitan Bank refreshes brand identity

Habib Metropolitan Bank Limited, a subsidiary of Habib Bank AG Zurich, is launching its refreshed brand identity. The refreshed brand identity is made most prominent with its new, retail-friendly nomenclature, HabibMetro - an abbreviation of the bank's le
Published 24 Mar, 2012 12:00am
Medicines sans prescription - a risky trend

Medicines sans prescription - a risky trend

The deaths of 132 cardiac patients in Punjab due to spurious medicines is a tragedy that should not repeat itself ever. In our country, medicines are sold without obtaining an authentic prescription issued by a qualified doctor. Anybody can go to a pharma
Published 24 Mar, 2012 12:00am
Inflation: limitations of monetary policy

Inflation: limitations of monetary policy

Inflation which is a kind of regressive taxation, points to a situation in which "too much money chases too few goods". This is the result of the operation of the demand-pull theory of inflation - when aggregate demand exceeds aggregate supply. Inflation
Published 24 Mar, 2012 12:00am
Populist labour laws - I

Populist labour laws - I

Arthur Schopenhauer, 19th Century German Philosopher has remarked: "All truth passes through three stages. First it is ridiculed. Second it is violently opposed. Third it is accepted as being self-evident." Promulgation and handling of Labour Law during t
Published 24 Mar, 2012 12:00am
Closing of the Pakistani mind

Closing of the Pakistani mind

We as Pakistani think in black and white and that is in terms of absolutes never bother to move away from abstractions. Abstractions of a very basic kind for we are also capable of monstrosities. Name calling at which Punjab seems to be a master at the mo
Published 24 Mar, 2012 12:00am
PCNS recommendations

PCNS recommendations

Foreign policy formulation is essentially a responsibility of the government. That it should, by and large, reflect the ethos of the nation as articulated by the parliament helps in its implementation. But in this case, the PPP-led government passed th
Published 24 Mar, 2012 12:00am
Yawning gap in supply and demand

Yawning gap in supply and demand

Power shortage has become acute again with a daily shortfall of over 5400 MW or able to meet only 65 percent of demand accounting for loadshedding of between 12 to 13 hours in villages and around 7 to 8 hours in cities. To add insult to injury, the day
Published 24 Mar, 2012 12:00am
Police chief in 'Stand Your Ground' killing steps down

Police chief in 'Stand Your Ground' killing steps down

A local police chief and a Florida state prosecutor overseeing the case of an unarmed black teenager shot dead by a neighbourhood watch captain stepped aside on Thursday following withering criticism and national outrage that police have declined to arres
Published 24 Mar, 2012 12:00am
PML-N marching forward with sincerity: Shahbaz

PML-N marching forward with sincerity: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that public welfare projects worth billions of rupees are an important step towards a prosperous Pakistan and there is no role of any 10 per cent in these projects. He said that we are marching forwar
Published 24 Mar, 2012 12:00am
All set to initiate annual wheat procurement drive by mid-April

All set to initiate annual wheat procurement drive by mid-April

Punjab Food Department and Pakistan Agricultural Storage and Services Corporation (Passco) are all set to initiate annual wheat procurement drive by mid of next month and at present awaiting the procurement targets and support price. Both the federal and
Published 24 Mar, 2012 12:00am
Shabbir Shah hails Pakistan support for Kashmir cause

Shabbir Shah hails Pakistan support for Kashmir cause

Senior leader of the All Parties Hurriyet Conference (APHC) in occupied Kashmir Shabbir Ahmed Shah has said that the government and people of Pakistan have been providing political, moral and diplomatic support to the depressed Kashmiris in their struggle
Published 24 Mar, 2012 12:00am
Water flows in four rivers start increasing

Water flows in four rivers start increasing

The much needed water flows in the four live rivers of the country have started increasing as temperature in the catchment areas of the rivers have been rising during the last three days, Wapda engineers told Business Recorder on Friday.
Published 24 Mar, 2012 12:00am
Shahbaz welcomes UAE Education Minister

Shahbaz welcomes UAE Education Minister

Chief Minister Punjab Muhammad Shahbaz Sharif said that strong relationship of brotherhood and friendship exist between Pakistan and UAE and UAE never left Pakistan alone in any crises. He said this while welcoming UAE Education Minister, Sheikh Nahyan Mu
Published 24 Mar, 2012 12:00am
Corps Commander Peshawar confers awards

Corps Commander Peshawar confers awards

Corps Commander Peshawar, Lieutenant General Khalid Rabbani conferred awards upon various military officers and Shuhadas in simple and impressive ceremony held at Corps Auditorium here on Friday. Six Sitara-i-Imtiaz (Military), 15 Tamgha-i-Imtiaz (Militar
Published 24 Mar, 2012 12:00am
Tamgha-e-Imtiaz conferred on Turk MNA Burhan Kayaturk

Tamgha-e-Imtiaz conferred on Turk MNA Burhan Kayaturk

The Federal government has conferred Tamgha-e-Imtiaz on Burhan Kayaturk, Member of Turkish National Assembly and President of Pak-Turkey Friendship Association on occasion of Pakistan Day in honour of his service to bring Pakistan and Turkey closer. "Kaya
Published 24 Mar, 2012 12:00am
Violence threats make 650 schools dysfunctional in Fata: HRCP report

Violence threats make 650 schools dysfunctional in Fata: HRCP report

About 650 schools for boys and girls remained dysfunctional in Federally Administered Tribal Areas (Fata) due to threats from militants, revealed by Human Rights Commission of Pakistan (HRCP) in its report. The HRCP report titled "State of Human Rights in
Published 24 Mar, 2012 12:00am
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