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Print - 2012-03-30
Taiwan stocks plunge

Taiwan stocks plunge

Taiwan stocks ended 2.06 percent lower on Thursday, the biggest single-day percentage fall in over three months, tumbling after a government tax reform panel decided to discuss later this year the idea of a tax on profits from stock investment. The main T
Published 30 Mar, 2012 12:00am
Southeast Asian stocks mostly up

Southeast Asian stocks mostly up

Southeast Asian stock markets ended slightly firmer on Thursday in moderate volume as investors cautiously bought risky assets amid growing concerns over slowing economic growth in China and the United States. Stocks in Indonesia and the Philippines ended
Published 30 Mar, 2012 12:00am
Hong Kong, China shares extend losses

Hong Kong, China shares extend losses

Hong Kong and China shares extended losses on Thursday, led by banks and energy stocks, as weak corporate results underscored fears that the slowdown in China is hurting profitability more than expected. The Shanghai Composite Index lost 1.4 percent to cl
Published 30 Mar, 2012 12:00am
European shares slide

European shares slide

European shares extended their recent slide to hit a three-week closing low, with several indexes breaching chart support levels as traders took further profits at the end of a stellar first quarter. Cyclical stocks led the charge lower on Thursday, with
Published 30 Mar, 2012 12:00am
FTSE 100 index sheds 1.2 percent, hits new low for March

FTSE 100 index sheds 1.2 percent, hits new low for March

Heightened worries over global economic growth after more disappointing data from the United States and UK dragged Britain's leading shares lower on Thursday, with energy and banking stocks taking the biggest hit. The FTSE 100 index closed down 66.96 poin
Published 30 Mar, 2012 12:00am
Yuan steadies

Yuan steadies

The yuan closed unchanged against the dollar on Thursday after the People's Bank of China set a weaker midpoint for the second straight day, suggesting it may favour a pullback in coming sessions after recent fixings at record highs. Traders believe the y
Published 30 Mar, 2012 12:00am
Yen a shade stronger

Yen a shade stronger

The yen was a shade stronger across the board on Thursday but could come under renewed pressure as buying linked to Japan's financial year-end is set to peak out this week. The last day for spot trading in the business year to March 31 was on Wednesday, b
Published 30 Mar, 2012 12:00am
Euro falls in London

Euro falls in London

The euro fell against the dollar and the yen on Thursday as concerns about contagion from the euro zone debt crisis resurfaced, with investors wary on the common currency ahead of Spain's budget on Friday. Traders said automatic stop-loss sell orders were
Published 30 Mar, 2012 12:00am
Early trade in New York: Euro drops, yen rises

Early trade in New York: Euro drops, yen rises

The euro slid against the dollar and the yen on Thursday as investors, nervous about Spain's budget presentation on Friday, dumped riskier assets before the end of the first quarter. The euro fell 0.35 percent to $1.3267 and touched its lowest since the s
Published 30 Mar, 2012 12:00am
Yen rises across the board in New York trade

Yen rises across the board in New York trade

Fiscal year-end repatriation flows supported the yen across the board on Wednesday, while the euro was little changed against the dollar after a warning from an ECB official about resolving the debt crisis. The yen edged higher early in the session as Jap
Published 30 Mar, 2012 12:00am
Australian and New Zealand dollars down

Australian and New Zealand dollars down

The Australian and New Zealand dollars were nursing losses across the board on Thursday as investors pared long positions amid uncertainties about China's economic growth and weakness in Asian stocks. The Australian dollar fell as far as $1.0341, from $1.
Published 30 Mar, 2012 12:00am
Swiss franc little moved

Swiss franc little moved

The Swiss franc was little moved against the euro and the dollar on Thursday as investors fretted over growth prospects in the United States and China, the world's largest economies, weighing on risk assets and putting equities under pressure. The franc h
Published 30 Mar, 2012 12:00am
Indian rupee tumbles

Indian rupee tumbles

The Indian rupee posted its biggest single session loss in more than 3 months on Thursday on the back of persistent dollar demand from oil importers, while negative local shares triggered foreign fund outflow worries. The rupee ended at 51.39/40 to the do
Published 30 Mar, 2012 12:00am
Asian currencies lower

Asian currencies lower

The Indian rupee fell on worries about the impact of proposed tax laws on fund inflows, leading slides among emerging Asian currencies as soft US economic data caused investors to cut bets on riskier assets before the end of the quarter. Regional units we
Published 30 Mar, 2012 12:00am
Sterling gains versus euro

Sterling gains versus euro

Sterling rose against the euro on Thursday, helped by eurozone debt concerns in the run-up to struggling Spain's budget and by M&A news as France's GDF Suez offered 6 billion pounds for the rest of International Power. The pound also rose versus the dolla
Published 30 Mar, 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 Thursday. 81.75-81.83 (previous 81.76-81.83). Call Money Rates: 11.00-12.00 percent (previous 07.00-12.50 percent).
Published 30 Mar, 2012 12:00am
Egypt's Azhar withdraws from constitution panel

Egypt's Azhar withdraws from constitution panel

Al-Azhar, Sunni Islam's highest authority, said on Thursday it was withdrawing from a disputed panel dominated by the Muslim Brotherhood to draft a new constitution, following the example of liberals. Al-Azhar said in a statement that it was under-represe
Published 30 Mar, 2012 12:00am
North Korea begins fuelling rocket

North Korea begins fuelling rocket

North Korea has reportedly begun fuelling a rocket for a launch next month, defying calls to abort an event the West says is a disguised missile test, as the United States suspended planned food aid. "The launch is coming closer. The possibility is high t
Published 30 Mar, 2012 12:00am
Japan executes first prisoners since 2010

Japan executes first prisoners since 2010

Japan on Thursday hanged three death-row inmates in its first executions since 2010, reigniting the debate over capital punishment in one of the world's richest countries. "Today, three executions were carried out," Justice Minister Toshio Ogawa told repo
Published 30 Mar, 2012 12:00am
Assad commits to success of Annan peace mission

Assad commits to success of Annan peace mission

President Bashar al-Assad said on Thursday Syria would spare no effort to ensure the success of international envoy Kofi Annan's peace mission but warned it would not work without securing an end to foreign funding and arming of rebels opposing him. The s
Published 30 Mar, 2012 12:00am
Rockets explode as Arab leaders meet in Baghdad

Rockets explode as Arab leaders meet in Baghdad

Three rockets exploded around Baghdad on Thursday despite a massive security operation as Shia Prime Minister Nuri al-Maliki hosted the country's first Arab League summit in two decades. After years of war, Iraq's Shia-led government had hoped the summit
Published 30 Mar, 2012 12:00am
Seven soldiers dead in Venezuela helicopter crash

Seven soldiers dead in Venezuela helicopter crash

Venezuela's military says seven soldiers have died in a helicopter that crashed in the South American nation's vast central plains. Venezuela's state-run AVN news agency says it's unclear what caused the Superpuma helicopter to come down in the state of A
Published 30 Mar, 2012 12:00am
Swedish minister quits over Saudi arms plant row

Swedish minister quits over Saudi arms plant row

Sweden's defence minister was forced to quit on Thursday after weeks of pressure over reports the Nordic state planned to help Saudi Arabia build a weapons plant. Arms sales to Saudi Arabia have caused criticism in a country which prides itself on standin
Published 30 Mar, 2012 12:00am
German think tank says it's forced out of UAE

German think tank says it's forced out of UAE

A pro-democracy think tank with links to German Chancellor Angela Merkel's party said Thursday it is closing its office in Abu Dhabi after officials there ordered that it end its activities in the United Arab Emirates. The Konrad Adenauer Foundation's cha
Published 30 Mar, 2012 12:00am
Member nations should share military systems: Nato

Member nations should share military systems: Nato

Two F-4 Phantom jet fighters under Nato control streaked off the runway at a former Soviet air base in Lithuania this week in response to a report that an aircraft had lost communications as it neared Finnish airspace. It was all an exercise a simulation
Published 30 Mar, 2012 12:00am
British police media chief quits

British police media chief quits

The media chief at Scotland Yard has resigned after he faced gross misconduct charges over the phone hacking scandal at Rupert Murdoch's News of the World, Britain's police watchdog said Thursday. Dick Fedorcio stood down a week after the Metropolitan Pol
Published 30 Mar, 2012 12:00am
Russia and India to trade in local currencies in three years

Russia and India to trade in local currencies in three years

Moscow and New Delhi will switch to trading in domestic currencies in three years, the chairman of Russia's largest state development bank said on Thursday. "With China it took us three years to (evolve) from initial conversations to trading in local curr
Published 30 Mar, 2012 12:00am
Lockheed F-35 fighter cost rises: Pentagon

Lockheed F-35 fighter cost rises: Pentagon

The projected cost to develop and produce the Lockheed Martin Corp F-35 Joint Strike Fighter rose 4.3 percent or $16.3 billion to $395.7 billion in 2011, the Pentagon announced on Thursday. It said the cost of the aircraft alone rose 3.3 percent or $10.7
Published 30 Mar, 2012 12:00am
Forex reserves up by $46 million

Forex reserves up by $46 million

The country's total liquid foreign reserves have surged by $46.3 million to $16.441 billion during the last week. According to the State Bank of Pakistan, increase has witnessed in the reserves held by the central bank, which gone up by $96.5 million to $
Published 30 Mar, 2012 12:00am
Body formed to review Nurses' demand

Body formed to review Nurses' demand

Sindh Govern-ment on Thursday formed a ministerial committee comprising Health Minister Dr Sagheer Ahmed and Finance Minister Syed Murad Ali Shah to immediately discuss the demands and problems of nurses. The decision was taken during a meeting held at Ch
Published 30 Mar, 2012 12:00am
Nurses' strike: Three children die at NICH

Nurses' strike: Three children die at NICH

Three children died on Thursday at National Institute of Child Health due to unavailability of basic treatment providers, ie nursing staff. Dozens of nurses and nursing students of Sindh are protesting for an increase in their pay and other perks. The doc
Published 30 Mar, 2012 12:00am
Fake encounter: LHC orders SSP to produce SHO

Fake encounter: LHC orders SSP to produce SHO

The Lahore High Court here on Thursday directed SSP Operation to produce SHO Lower Mall Police Station Maqsood who killed a young Tahir Naveed in a fake encounter. The LHC passed these orders in a petition filed by mother of Tahir. The petitioner contende
Published 30 Mar, 2012 12:00am
Growing violence: PTI youth wing hits out at government

Growing violence: PTI youth wing hits out at government

Pakistan Tehreek-e-Insaf (Youth Wing) on Thursday hits out at PPP-led coalition government for rise in violence and killings of innocent people in the city. "Muttahida Qaumi Movement (MQM) and Awami National Party's mourning for the killing of their activ
Published 30 Mar, 2012 12:00am
Industrial activities badly affected

Industrial activities badly affected

Industrial activities in seven industrial estates came to a halt on Wednesday as workers could not make to work due to unavailability of public transport. Awami National Party (ANP) Sindh gave a mourning call on Thursday after Zainullah, the joint secreta
Published 30 Mar, 2012 12:00am
NCSW launches research studies under USAID programme

NCSW launches research studies under USAID programme

National Commission on the Status of Women (NCSW) with support of Aurat Foundation and USAID under the Gender Equity Programme (GEP, organized a ceremony to highlight the research studies conducted by the Commission.
Published 30 Mar, 2012 12:00am
Fear of violence brings cargo handling, transport to a standstill

Fear of violence brings cargo handling, transport to a standstill

Looming fears of violence on Thursday brought public and cargo transport to a standstill, as city's opened markets wore a deserted look for the lack of customers, inflicting at least Rs 2.5 billion loss on businessmen, traders said. Fear of vandalism hits
Published 30 Mar, 2012 12:00am
Four shot dead in sporadic incidents of violence

Four shot dead in sporadic incidents of violence

Following the killing of an Awami National Party (ANP) worker on Wednesday, a partial strike was observed on Thursday aimed sporadic incidents of violence in different areas of the city which left four more people dead. Public transport remained largely o
Published 30 Mar, 2012 12:00am
Multan by-poll: PML-N awards ticket to Moeen Qureshi

Multan by-poll: PML-N awards ticket to Moeen Qureshi

Pakistan Muslim League-Nawaz (PML-N) has awarded party ticket to PML-N activist Moeen Qureshi for the bye-election of PP-194 (Multan). This seat has been vacant since PML-N MPA Shahid Mehmood joined Pakistan Tehreek-e-Insaf (PTI). Shahid Mehmood is close
Published 30 Mar, 2012 12:00am
SECP seeks comments on draft electric power generation

SECP seeks comments on draft electric power generation

The SECP has notified the draft electric power generation industry (Cost Accounting Records) Order, 2012 for the companies engaged wholly or partially in generation of electric power energy in Pakistan under the licences granted by the National Electric P
Published 30 Mar, 2012 12:00am
Varieties of wheat: need stressed for conducting research

Varieties of wheat: need stressed for conducting research

Agriculture experts have underlined the importance of conducting research on wheat, which is staple food, in order to introduce more varieties. The Institute of Plant Sciences, University of Sindh on Wheat Genetic Resources and Integrated Science organize
Published 30 Mar, 2012 12:00am
KESC takes exception to 'threat' from PSM

KESC takes exception to 'threat' from PSM

Karachi Electric Supply Company has taken strong exception to the reported threat from a director of Pakistan Steel Mills (PSM) to the effect that "they would attack and shut down KESC grid station plunging whole city into darkness." KESC asked the govern
Published 30 Mar, 2012 12:00am
Islamic banking NPFs soar to Rs 16 billion

Islamic banking NPFs soar to Rs 16 billion

Non Performing Financing (NPFs) of Islamic Banking Industry reached level of some Rs 16 billion for the first time, up by 15 percent, end of calendar year 2011 mainly due to slow economic activities. Sources told Business Recorder on Thursday that
Published 30 Mar, 2012 12:00am
Islamic banking NPFs soar to Rs 16 billion

Islamic banking NPFs soar to Rs 16 billion

Non Performing Financing (NPFs) of Islamic Banking Industry reached level of some Rs 16 billion for the first time, up by 15 percent, end of calendar year 2011 mainly due to slow economic activities. Sources told Business Recorder on Thursday that
Published 30 Mar, 2012 12:00am
Progress in automation at NBP

Progress in automation at NBP

As the world continues to transform into a global village, information and services have surpassed the traditional ways of being accessed. With the exploding demand and supply trends of smart phones, cell phones, tablets and their accessibility to content
Published 30 Mar, 2012 12:00am
Power shortfall surges to 6000 megawatts

Power shortfall surges to 6000 megawatts

Power shortfall on Thursday surged to 6000MW on Thursday as a result 12 hours of outages in urban areas and 18 hours in rural areas are being carried out. Officials of Ministry of Water and Power, Petroleum Ministry and Finance Ministry revealed that desp
Published 30 Mar, 2012 12:00am
SU for improving law, order situation on campus

SU for improving law, order situation on campus

The University of Sindh has decided to take more security steps to improve law and order situation at the campus. In this connection, Acting Vice Chancellor of the University Professor Dr Parveen Shah discussed the matter on Wednesday with Wing Commander,
Published 30 Mar, 2012 12:00am
Corps Commander witnesses troops' training

Corps Commander witnesses troops' training

Corps Comman-der Lieutenant General Mohammad Ijaz Chaudhry on Thursday visited Hyderabad, Chhor Garrisons and troops deployed on the border. An ISPR press release issued here and said that he also witnessed training at Kotri field firing Ranges.
Published 30 Mar, 2012 12:00am
Prime Minister attends Valima ceremony of ANP chief's son

Prime Minister attends Valima ceremony of ANP chief's son

Prime Minister Syed Yousuf Raza Gilani on Thursday attended the valima ceremony of the son of Awami National Party chief, Asfandyar Wali Khan at a local hotel here. On arrival, the Prime Minister was received by Asfandyar Wali and Chief Minister Khyber Pu
Published 30 Mar, 2012 12:00am
Workshop on capacity-development held

Workshop on capacity-development held

A weeklong training workshop on Capacity Development was organised by Continuing Engineering Education Center (CEEC), University of Engineering & Technology (UET) Peshawar, in collaboration with the Institute of Electrical & Electronics Engineering (IEEE)
Published 30 Mar, 2012 12:00am
PML-N finally begins to accept Musharraf loyalists

PML-N finally begins to accept Musharraf loyalists

Pakistan Muslim League-Nawaz (PML-N) has finally begun accepting Musharraf loyalists in its ranks deeming their return critical to their dreams of forming a government. Call it a sign of panic or awakening from a deep slumber, the stage is all set for the
Published 30 Mar, 2012 12:00am
Government allocates 13 different projects to MoNFSR

Government allocates 13 different projects to MoNFSR

The government has allocated 13 different projects to Ministry of National Food Security and Research (MONFSR) that were stopped after devolution of the Ministry of Food and Agriculture to the provinces.
Published 30 Mar, 2012 12:00am
FALAH trains nearly 27,000 health professionals

FALAH trains nearly 27,000 health professionals

The US government and health care professionals across country celebrated on Thursday the successful completion of a five-year, $48 million programme providing training for healthcare providers and improving public awareness about the importance of family
Published 30 Mar, 2012 12:00am
'Afza Flyover to be opened for traffic from next week'

'Afza Flyover to be opened for traffic from next week'

Managing Director Site Ltd Abdul Rasheed Solangi on Thursday said, "Afza Flyover on Habib Bank Chorangi at Site Area" will be opened for traffic from next week. Solangi in his statement said that Nooriabad water project from Keenjher Lake would also be st
Published 30 Mar, 2012 12:00am
Haiku Mushaira today

Haiku Mushaira today

To commemorate the 60th anniversary of the establishment of diplomatic relations between Pakistan and Japan, Pakistan-Japan Cultural Association (PJCA), Sindh and Japan Cultural Centre of the Consulate General of Japan, Karachi will jointly organise "The
Published 30 Mar, 2012 12:00am
Is Thar Coal project being jeopardised?

Is Thar Coal project being jeopardised?

The lignite reserves of 175 billion tons in Thar region, which could be utilised to produce 100,000 megawatt for over 200 years seems to be the only indigenous energy resource that could help Pakistan meet its current short-term and long-term energy needs
Published 30 Mar, 2012 12:00am
NBP signs accord with Microsoft

NBP signs accord with Microsoft

National Bank of Pakistan has entered into an agreement with Microsoft Pakistan. The Microsoft Enterprise Agreement will enable NBP to use Microsoft Virtualisation, Unified Communication, Business Process Automation, Private Cloud technologies as well as
Published 30 Mar, 2012 12:00am
EOBI head office shifted to EOBI House

EOBI head office shifted to EOBI House

The Head office of Employees Old Age Benefits Institution (EOBI) has been shifted from I.I.Chundirgar road to EOBI House, main Nursery 190/1/B, Block-2, PECHS. This was announced by the spokesman of the institution on Thursday.
Published 30 Mar, 2012 12:00am
20th AGM of Bank Alfalah held

20th AGM of Bank Alfalah held

The 20th Annual General Meeting of Bank Alfalah Limited was held here on Thursday. The meeting was chaired by Abdullah Khalil Ali Mutawa in the absence of Sheikh Hamdan Bin Mubarak Al Nahayan. Other board members who attended the meeting included Khalid M
Published 30 Mar, 2012 12:00am
New Subzi Mandi: Six jailed for illegal allotment of plots

New Subzi Mandi: Six jailed for illegal allotment of plots

The Accountability Court, Sindh has convicted Mohammad Akbar Zardari and others for their involvement in corruption, corrupt practices and illegal allotment of plots/shops in New Sabzi Mandi, super highway, Karachi.
Published 30 Mar, 2012 12:00am
45 suspects detained in Quetta

45 suspects detained in Quetta

Quetta police detained dozens of suspects during a crackdown against antisocial elements in Killi Shanawaz area of the provincial capital on Thursday. Police sources said Balochistan Frontier Corps assisted the police teams raiding in the area during whic
Published 30 Mar, 2012 12:00am
IEP condemns US resolution

IEP condemns US resolution

The Institution of Engineers Pakistan's Central Council has strongly condemned US resolution on Balochistan. The IEP executive body in its recently held central council meeting considered with deep regrets the misleading resolution about Blochistan situat
Published 30 Mar, 2012 12:00am
The Weather

The Weather

The weather report on Thursday (March 29, 2012) and the forecast for Friday (March 30, 2012).

Published 30 Mar, 2012 12:00am
Attock Petroleum bid for Fuel Farm being evaluated

Attock Petroleum bid for Fuel Farm being evaluated

Attock Petroleum Limited, being lead member of the consortium, has submitted its financial bid for establishment of Fuel Farm and Operation & Maintenance of Hydrant Refuelling System at New Benazir Bhutto International Airport, Islamabad, which is being e
Published 30 Mar, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (March 29, 2012).

Published 30 Mar, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (March 29, 2012).

Published 30 Mar, 2012 12:00am
Climate talks

Climate talks

The Climate Vulnerability Monitor Report, released by a reputed research organisation, maintains that all countries are vulnerable to effects of global climate change, as earth continues its warming trend, triggering deep concern, particularly about low-l
Published 30 Mar, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 30 Mar, 2012 12:00am
Role of education in economic development

Role of education in economic development

In a knowledge-based era of economic development, education which is the fountainhead of knowledge, has assumed an added importance. In fact, education works as a driving force in the development process of a country and brings much-needed intellectual ca
Published 30 Mar, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 30 Mar, 2012 12:00am
Amnesty scheme for stock market

Amnesty scheme for stock market

Punjabi is a beautiful language. There seems to be an amusing adage in Punjabi for almost every interesting situation. One such adage talks about a blind man distributing sweets but somehow ending up giving it all to his own children. In January this year
Published 30 Mar, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (March 29, 2012).

Published 30 Mar, 2012 12:00am
Tax reforms

Tax reforms

Tax legislation is no longer considered as a mere device to raise revenue to meet the cost of governing a community. In a democratic dispensation, it is employed to attain economic policy objectives. The tax statute is a mix of fiscal and economic policy.
Published 30 Mar, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (March 29, 2012) and for Friday (March 30, 2012).
Published 30 Mar, 2012 12:00am
State of lawlessness

State of lawlessness

There has been no peace and tranquillity in Pakistan for quite some time, but what we witness happening on the streets now almost on a daily basis is nothing but extreme political disorder and confusion. Not a day passes without angry protestors running a
Published 30 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 29, 2012).

Published 30 Mar, 2012 12:00am
Quadrilateral moot at Dushanbe

Quadrilateral moot at Dushanbe

Pakistan, Afghanistan, Iran and Tajikistan presidents' recent quadrilateral meeting in Dushanbe is not the first of its kind and is unlikely to be the last. The reason is not only the fact that there is tremendous potential for enhanced trade between the
Published 30 Mar, 2012 12:00am
Mass marriage ceremony on April 1

Mass marriage ceremony on April 1

The Minhaj Welfare Foundation (MWF), a subordinate body of Tehreek-e-Minhaj-ul-Quran is organising a mass marriage ceremony here on April 1, Sunday in the premises of Minhaj University. Governor Punjab Sardar Latif Khan Khosa would be chief guest on this
Published 30 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 29, 2012).

Published 30 Mar, 2012 12:00am
Energy crisis: LCCI seeks US help

Energy crisis: LCCI seeks US help

The Lahore Chamber of Commerce and Industry (LCCI) on Thursday urged the US government to help Pakistan to overcome the electricity crisis. The LCCI President Irfan Qaiser Sheikh was speaking at a reception arranged for US Economic Officers Robert Hawkins
Published 30 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 29, 2012).

Published 30 Mar, 2012 12:00am
LDA asked to formulate online database system

LDA asked to formulate online database system

For protecting the people from being defrauded and to safeguard their life-savings, Lahore Development Authority (LDA) Director General Ahad Khan Cheema has directed to formulate an on-line data base system regarding sale or allotment of plots by approved
Published 30 Mar, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 29, 2012).

Published 30 Mar, 2012 12:00am
'Stern action to be taken against sale of substandard seeds'

'Stern action to be taken against sale of substandard seeds'

Minister for Agriculture Punjab Malik Ahmad Ali Aulakh has said that provincial government would not allow seed mafia to exploit the poor farmers. Stern and immediate action will be taken against seed companies involved in sale of fake, substandard seeds.
Published 30 Mar, 2012 12:00am
Two new FSC additional judges take oath

Two new FSC additional judges take oath

Chief Justice Federal Shariat Court (FSC) here on Thursday administered oath to newly appointed two additional judges of Federal Shariat Court Justice Jehangir Arshad and Justice Ahmed Farooq in a simple but impressive ceremony. Lahore High Court Chief Ju
Published 30 Mar, 2012 12:00am
'Economic ties between Pakistan and Myanmar need to be strengthened'

'Economic ties between Pakistan and Myanmar need to be strengthened'

Economic relations between Pakistan and Myanmar need to be further strengthened as $70 million bilateral trade between the two states has no match to their respective latent potentials said Ambassador of Myanmar to Pakistan, U San Myint. Speaking at the L
Published 30 Mar, 2012 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee recovered modestly against dollar and euro on the currency market on Thursday in process low trading activity due to disturbed law and order situation in the city, dealers said. The rupee managed to gain versus dollar by eight paisa for buying a
Published 30 Mar, 2012 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee recovered modestly against dollar and euro on the currency market on Thursday in process low trading activity due to disturbed law and order situation in the city, dealers said. The rupee managed to gain versus dollar by eight paisa for buying a
Published 30 Mar, 2012 12:00am
Cuban envoy meets PU vice chancellor

Cuban envoy meets PU vice chancellor

Cuban Ambassa-dor, Jesus Zenen Buergo Concepcion, on Thursday paid a visit to Punjab University and called on Vice Chancellor Professor Dr Mujahid Kamran at his office. While discussing the international affairs, the Cuban Ambassador emphasised that the p
Published 30 Mar, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (March 29, 2012).

Published 30 Mar, 2012 12:00am
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