News Archives for Print - 2012-04-16 - Business Recorder

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Print - 2012-04-16

International judicial conference's declaration: stakeholders urged to work for upholding rule of law

International judicial conference's declaration: stakeholders urged to work for upholding rule of law

The international judicial conference on Sunday urged all the stakeholders to work together to uphold the principles of the rule of law in Pakistan. This was stated in a declaration issued at the end of the three-day International Judicial Conference here

Published 16 Apr, 2012 12:00am

International judicial conference's declaration: stakeholders urged to work for upholding rule of law

International judicial conference's declaration: stakeholders urged to work for upholding rule of law

The international judicial conference on Sunday urged all the stakeholders to work together to uphold the principles of the rule of law in Pakistan. This was stated in a declaration issued at the end of the three-day International Judicial Conference here

Published 16 Apr, 2012 12:00am

Americas' leaders wrap up summit; US isolated on Cuba

Americas' leaders wrap up summit; US isolated on Cuba

Leaders from across the Americas were to wrap up a two-day gathering here Sunday with US President Barack Obama under intense Latin American pressure to let Cuba attend future hemispheric summits.

Published 16 Apr, 2012 12:00am

Americas' leaders wrap up summit; US isolated on Cuba

Americas' leaders wrap up summit; US isolated on Cuba

Leaders from across the Americas were to wrap up a two-day gathering here Sunday with US President Barack Obama under intense Latin American pressure to let Cuba attend future hemispheric summits.

Published 16 Apr, 2012 12:00am

Bangladesh agrees Pakistan cricket tour

Bangladesh agrees Pakistan cricket tour

Bangladesh Sunday agreed to tour Pakistan for a short one 50-over match and one Twenty20 international later this month, reviving international cricket suspended in the country three years ago.

Published 16 Apr, 2012 12:00am

Bangladesh agrees Pakistan cricket tour

Bangladesh agrees Pakistan cricket tour

Bangladesh Sunday agreed to tour Pakistan for a short one 50-over match and one Twenty20 international later this month, reviving international cricket suspended in the country three years ago.

Published 16 Apr, 2012 12:00am

THE RUPEE: divergent trends

THE RUPEE: divergent trends

The rupee moved both ways on the currency market during the week, ended on April 14, 2012. In the Inter-bank dealings, the rupee shed two paisa in relation to dollar for buying and selling at 90.64 and 90.66.

Published 16 Apr, 2012 12:00am

THE RUPEE: divergent trends

THE RUPEE: divergent trends

The rupee moved both ways on the currency market during the week, ended on April 14, 2012. In the Inter-bank dealings, the rupee shed two paisa in relation to dollar for buying and selling at 90.64 and 90.66.

Published 16 Apr, 2012 12:00am

The Weather

The Weather

The weather report on Sunday (April 15, 2012) and the forecast for Monday (April 16, 2012).

Published 16 Apr, 2012 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2011)

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2011)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 16 Apr, 2012 12:00am

Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (April 09 to April 13 2012).

Published 16 Apr, 2012 12:00am

MetLife Alico Pakistan Weekly Unit Prices

MetLife Alico Pakistan Weekly Unit Prices

American Life Insurance Company (Pakistan) Limited has issued Weekly Unit Prices for week ended April 12, 2012.

Published 16 Apr, 2012 12:00am

MetLife Alico Pakistan Weekly Unit Prices

MetLife Alico Pakistan Weekly Unit Prices

American Life Insurance Company (Pakistan) Limited has issued Weekly Unit Prices for week ended April 12, 2012.

Published 16 Apr, 2012 12:00am

MetLife Alico Pakistan Weekly Unit Prices

MetLife Alico Pakistan Weekly Unit Prices

American Life Insurance Company (Pakistan) Limited has issued Weekly Unit Prices for week ended April 12, 2012.

Published 16 Apr, 2012 12:00am

Aaj TV - Monday's schedule

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 16 Apr, 2012 12:00am

'Record development work accomplished in NA-111'

'Record development work accomplished in NA-111'

Provision of modern facilities such as natural gas, electricity and roads at village level in NA-111 had been made possible by hectic efforts made by federal Minister for Information and Broadcasting Dr Firdous Ashiq Awan, people from various walks of lif

Published 16 Apr, 2012 12:00am

Pak, China to execute 36 projects worth $14bn during next 5 years: envoy

Pak, China to execute 36 projects worth $14bn during next 5 years: envoy

Pakistan and China would execute 36 projects worth $14 billion during next five years in various fields including education, health, transport, energy and industry, said Pakistan' Ambassador to China Masood Khan. He expressed these views while addressing

Published 16 Apr, 2012 12:00am

Extremism rising due to declining book-reading culture: PAL chief

Extremism rising due to declining book-reading culture: PAL chief

Chairman Pakistan Academy of Letters Abdul Hameed on Sunday deplored the fact that book-reading culture was declining in the country day-by-day while the undue rising prices of books was further broadening the gap between readers and reading material. Add

Published 16 Apr, 2012 12:00am

Smeda distributes cheques among flood-hit people

Smeda distributes cheques among flood-hit people

Small and Medium Enterprises Develop-ment Authority (Smeda), as implementing partner of UNDP-funded project "Early Recovery and Restoration of Flood Affected Communities Programme" has distributed a grant of Rs 2.4 million among floods affectees in Hasara

Published 16 Apr, 2012 12:00am

Cecil Chaudhry laid to rest

Cecil Chaudhry laid to rest

Punjab Chief Minister Muhammad Shahbaz Sharif attended the last rites of prominent Pakistani fighter pilot and educationist Group Capton Cecil Chaudhry (retd), which were performed by Pakistan Air Force (PAF) at a PAF Airbase here. Chief of PAF Air Chief

Published 16 Apr, 2012 12:00am

Railways encroached land retrieved

Railways encroached land retrieved

In pursuance of the Supreme Court's directives, a campaign has been launched in the city to retrieve the state-owned land allegedly encroached by grabbers, criminals and land mafia.

Published 16 Apr, 2012 12:00am

'No reason why the number of air passengers in Pakistan cannot be doubled in less than 3 years', MD Bhoja Air

'No reason why the number of air passengers in Pakistan cannot be doubled in less than 3 years', MD Bhoja Air

Arshad Jalil is the Managing Director of Bhoja Air. Following are the excerpts from his elaborate discussion with BR Research.

Published 16 Apr, 2012 12:00am

'No reason why the number of air passengers in Pakistan cannot be doubled in less than 3 years', MD Bhoja Air

'No reason why the number of air passengers in Pakistan cannot be doubled in less than 3 years', MD Bhoja Air

Arshad Jalil is the Managing Director of Bhoja Air. Following are the excerpts from his elaborate discussion with BR Research.

Published 16 Apr, 2012 12:00am

Revenue target

Revenue target

According to a BR report, the Federal Board of Revenue is likely to set an over Rs 2 trillion revenue target for fiscal year 2012-13. This appears to be an ambitious target. Currently, the economy of Pakistan has been confronted with both external and int

Published 16 Apr, 2012 12:00am

Cambodian statue sparks legal battle in US

Cambodian statue sparks legal battle in US

For a year, an ancient Cambodian statue of a warrior has been at the center of a legal battle in New York in which US authorities back Cambodia's claim that the artwork was looted. The stand-off between Sotheby's auctioneers, who intended to sell the thou

Published 16 Apr, 2012 12:00am

China currency move nails hard landing risk coffin

China currency move nails hard landing risk coffin

China's weekend reform of its currency regime nails shut the coffin on the last remains of doubt about whether the world's second biggest economy has successfully steered a course past a hard economic landing.

Published 16 Apr, 2012 12:00am

The unreliability of our statistics

The unreliability of our statistics

Governments around the world have been accused of manipulating statistics to show better economic performance than is in fact the case. The most common approach is to change the base year to one which would allow the government to show an improvement or,

Published 16 Apr, 2012 12:00am

MPS: little interest or enthusiasm

MPS: little interest or enthusiasm

As widely anticipated, the Central Board of Directors of the State Bank has again decided to keep the policy rate unchanged at 12 percent for the next two months. However, while justifying such a stance, the Monetary Policy Statement (MPS) this time has f

Published 16 Apr, 2012 12:00am

Formation of Seraiki Bank: Zardari criticised for his statement

Formation of Seraiki Bank: Zardari criticised for his statement

If President Asif Ali Zardari returned "trillions of dollars, which he had looted and deposited in Swiss banks", it would be a great national service, Provincial Minister for Law Rana Sanaullah Khan said on Sunday. He was commenting on President Zardari's

Published 16 Apr, 2012 12:00am

Chicken meat price up by Rs 50 in three days

Chicken meat price up by Rs 50 in three days

Chicken meat price continues to increase unchecked, as just in three days chicken price has spiked from Rs200 per kilogram to Rs250 per kg leaving the consumers clueless and helpless. There are also question marks on the health of the birds.

Published 16 Apr, 2012 12:00am

Watan Cards: Nadra disburses Rs 20.362 billion to 741,058 flood-hit families

Watan Cards: Nadra disburses Rs 20.362 billion to 741,058 flood-hit families

The government is implementing the second phase of Citizen's Damage Compensation Programme (CDCP) and has so far issued 741,058 Watan Cards to ensure compensation for flood victims in the country.

Published 16 Apr, 2012 12:00am

Wheel jam, shutter down strike observed in Quetta

Wheel jam, shutter down strike observed in Quetta

A wheel jam and shutter down strike was observed in the metropolis here on Sunday to protest against target killing of Hazara community. The call for wheel jam and shutter down strike was given by Anjuman Tajran Balochistan, Tahafaz Azadari Council, Hazar

Published 16 Apr, 2012 12:00am

Omega-3 pills may not help heart disease

Omega-3 pills may not help heart disease

Fish oil supplements of so-called omega-3 fatty acids, found in oily fish like tuna and salmon, may not do much to ward off heart attacks and strokes in people who already have heart disease, according to an international analysis.

Published 16 Apr, 2012 12:00am

'Dementia cases to double by 2030'

'Dementia cases to double by 2030'

The number of people with dementia is expected to almost double to 65.7 million by 2030 as the world population ages, according to a World Health Organisation report published on April 11. And by 2050 the number of sufferers could be more than three times

Published 16 Apr, 2012 12:00am

Rising Pacific seas linked to climate change

Rising Pacific seas linked to climate change

Sea levels in the south-west Pacific started rising drastically in the 1880s, with a notable peak in the 1990s thought to be linked to human-induced climate change, according to a new study. The research, which examined sediment core samples taken from sa

Published 16 Apr, 2012 12:00am

Heart test could predict future attacks in elderly

Heart test could predict future attacks in elderly

A test to measure the heart's electrical activity could help predict future heart attacks in otherwise healthy adults over 70, said a US study on April 10. Researchers followed 2,192 healthy adults aged 70-79 for a period of eight years, according to the

Published 16 Apr, 2012 12:00am

Dental X-rays linked to brain tumours

Dental X-rays linked to brain tumours

People who get regular dental X-rays are more likely to suffer a common type of brain tumour, US researchers said on April 10, suggesting that yearly exams may not be best for most patients.

Published 16 Apr, 2012 12:00am

Menthol smokers have more strokes

Menthol smokers have more strokes

Among smokers, people who prefer mentholated cigarettes tend to have more strokes than non-menthol smokers - and this seems to be especially true for women and non-African Americans, according to a North American study.

Published 16 Apr, 2012 12:00am

Fungus threat escalates for food, wildlife: scientists

Fungus threat escalates for food, wildlife: scientists

Species of fungus, driven by trade, travel and climate change, pose a mounting threat to food supplies and biodiversity, scientists said on April 11. Widely unknown to the general public, seven fungal epidemics are under way, striking bees, bats, frogs, s

Published 16 Apr, 2012 12:00am

Key ice shelf in Antarctica has shrunk by 85 percent

Key ice shelf in Antarctica has shrunk by 85 percent

A vast ice shelf in the Antarctic Peninsula, a hotspot for global warming, has shrunk by 85 percent in 17 years, the European Space Agency (ESA) said Images taken by its Envisat satellite show that the so-called Larsen B ice shelf decreased from 11,512 sq

Published 16 Apr, 2012 12:00am

Deadliest earthquakes, tsunamis of past century

Deadliest earthquakes, tsunamis of past century

Indian Ocean nations were on tsunami watch on April 11 following two major earthquakes off the coast of Sumatra in Indonesia. Below is a list of the world's deadliest earthquakes, including quake-induced tsunamis, over the past century.

Published 16 Apr, 2012 12:00am

Hobbies, entertainment top topics of web searches: poll

Hobbies, entertainment top topics of web searches: poll

Well over half of people globally use the Internet to search for information on entertainment and hobbies, according to a new survey.

Published 16 Apr, 2012 12:00am

US cracks down on smartphone theft

US cracks down on smartphone theft

Citing a surge in violent robberies, US authorities and cellphone carriers announced Tuesday an effort to crack down on smartphone theft. The major carriers and the Federal Communications Commission answered rising pressure from US police departments with

Published 16 Apr, 2012 12:00am

Twitter fights spammers with lawsuit

Twitter fights spammers with lawsuit

Twitter on April 5 turned to a US federal court in its latest effort to stop spammers targeting the world-wide one-to-many text messaging service. Twitter sued a small cadre of what it described as "the most aggressive" culprits behind blitzes of messages

Published 16 Apr, 2012 12:00am

Barnes and Noble unveils glow-in-the-dark Nook

Barnes and Noble unveils glow-in-the-dark Nook

US book retailer Barnes & Noble Inc debuted an e-reader on April 12 with a screen that can glow in the dark, a move aimed at improving its position against Amazon.com.

Published 16 Apr, 2012 12:00am

Smartphones bridge US digital divide

Smartphones bridge US digital divide

Smartphones are bridging a US digital divide as minorities tap into the Internet using mobile devices, according to a Pew study released on April 13. "Groups that have traditionally been on the other side of the digital divide in basic Internet access are

Published 16 Apr, 2012 12:00am

IBM targets rivals with info tech maintenance product

IBM targets rivals with info tech maintenance product

IBM is taking aim at competitors such as Hewlett Packard Co and Oracle Corp with PureSystems, a new product line that helps companies reduce time and money spent on increasingly complex information technology maintenance.

Published 16 Apr, 2012 12:00am

New York pay phones to get touchy feely makeover

New York pay phones to get touchy feely makeover

A handful of grimy New York pay phones will be reincarnated as touch-screen pads with online access to neighbourhood information, the mayor's office said Monday. A pilot program starts next month that will see 250 phone booths converted to house 32-inch (

Published 16 Apr, 2012 12:00am

Apple out to kill widespread Macintosh virus

Apple out to kill widespread Macintosh virus

Apple on April 10 said it is crafting a weapon to vanquish a Flashback virus from Macintosh computers and working to disrupt the command network being used by hackers behind the infections. In its first public admission that the malicious software is vexi

Published 16 Apr, 2012 12:00am

Japan bank to install palm-reading ATMs

Japan bank to install palm-reading ATMs

A regional bank in central Japan will become the country's first financial institution to adopt automated teller machines that will identify users by their palms. Ogaki Kyoritsu Bank said it would install about a dozen palm-scanning biometric ATMs in late

Published 16 Apr, 2012 12:00am

Nokia launches first NFC Windows Phone

Nokia launches first NFC Windows Phone

Nokia unveiled on April 11 its Lumia 610 NFC model, first to take the emerging near-field communication technology that drives instant payment systems to Microsoft's Windows Phone platform, and promised more models in the future.

Published 16 Apr, 2012 12:00am

Google spruces up its budding social network

Google spruces up its budding social network

Google on April 11 spruced up its budding online social network to make it more enticing in a market ruled by Facebook. "We think you'll find it easier to use and nicer to look at," Google senior vice president Vic Gundotra said in a blog post announcing

Published 16 Apr, 2012 12:00am

Microsoft counting down to the end of Windows XP

Microsoft counting down to the end of Windows XP

Microsoft is counting down the days until it is through with the Windows XP operating system for personal computers. The US software titan used a blog post to remind the world that in two years it will no longer support the generations-old operating syste

Published 16 Apr, 2012 12:00am

Oil firms hurt by Gulf spill welcome back drill rigs

Oil firms hurt by Gulf spill welcome back drill rigs

Gulf of Mexico oil drillers will be busier this year than at any point since the BP oil spill in 2010 that upended their industry and soiled their reputation along with parts of the marshy Louisiana coast. Eight more deepwater rigs are expected in the Gul

Published 16 Apr, 2012 12:00am

ABN to sell commercial insurance arm to Aon

ABN to sell commercial insurance arm to Aon

Dutch bank ABN Amro has reached a deal to sell its commercial insurance business for corporate clients to US-based Aon for an undisclosed amount, the bank announced on April 12. The sale of the insurance operation was prompted "by a strategic reorientatio

Published 16 Apr, 2012 12:00am

Alcoa begins earnings season with surprise profit

Alcoa begins earnings season with surprise profit

Aluminium giant Alcoa said on April 10 it swung into profit in the first quarter as it slashed production to cope with a softer global economy and high commodity prices.

Published 16 Apr, 2012 12:00am

Alcoa begins earnings season with surprise profit

Alcoa begins earnings season with surprise profit

Aluminium giant Alcoa said on April 10 it swung into profit in the first quarter as it slashed production to cope with a softer global economy and high commodity prices.

Published 16 Apr, 2012 12:00am

Goldman fined $22 million for leaky research

Goldman fined $22 million for leaky research

Goldman Sachs will pay a $22 million fine to settle charges that it allowed a select group of investor clients to get tip-offs on equity research, US regulators said on April 12.

Published 16 Apr, 2012 12:00am

Maersk still sees 2012 loss in container shipping

Maersk still sees 2012 loss in container shipping

Maersk Line, the world's biggest container shipping company, is expected to lose money again this year despite recent freight rate increases, the chairman of parent group A.P. Moller-Maersk said on April 12. A.P. Moller-Maersk, the Danish shipping and oil

Published 16 Apr, 2012 12:00am

UBS hires JP Morgan's Crawford for office

UBS hires JP Morgan's Crawford for office

UBS has hired J. P Morgan veteran Bryan Crawford for its global family office, a joint venture between investment banking and wealth management that aims to bring Asian and Middle Eastern billionaires more investment options in Europe.

Published 16 Apr, 2012 12:00am

Kuwait bourse to launch Nasdaq-backed trading system

Kuwait bourse to launch Nasdaq-backed trading system

Kuwait's bourse will launch a new trading system on May 13, backed by The Nasdaq OMX Group Inc, to help trading of financial instruments such as derivatives and Islamic bonds, it said on April 10. The new "X-stream" trading system costs 18.3 million ($65.

Published 16 Apr, 2012 12:00am

DBS sees no legal basis to bar Indonesian bank buy

DBS sees no legal basis to bar Indonesian bank buy

Indonesia will find it difficult to block DBS Group's $7.2 billion bid to take over Bank Danamon based on current rules, and any rejection could dent investor sentiment, the Singapore lender's chief said on April 11.

Published 16 Apr, 2012 12:00am

Tiny gene change affects brain size, IQ: scientists

Tiny gene change affects brain size, IQ: scientists

An international team of scientists said Sunday the largest brain study of its kind had found a gene linked to intelligence, a small piece in the puzzle as to why some people are smarter than others.

Published 16 Apr, 2012 12:00am

Geithner hits Romney's 'ridiculous' remarks on women

Geithner hits Romney's 'ridiculous' remarks on women

US Treasury Secretary Tim Geithner on Sunday dismissed as "ridiculous" claims by Republican presidential hopeful Mitt Romney that women account for 92.3 percent of jobs lost since Barack Obama took over at the White House.

Published 16 Apr, 2012 12:00am

Top contenders fight to stay in Egypt election

Top contenders fight to stay in Egypt election

Three top contenders for Egypt's presidency were scrambling to stay in the election race on Sunday after the authorities disqualified them on technical grounds, prompting one to say that a "major crisis" threatened the landmark vote.

Published 16 Apr, 2012 12:00am

Himalayan mountains buck glacier melt trend-study

Himalayan mountains buck glacier melt trend-study

Some glaciers in the Himalayas mountain range have gained a small amount of mass between 1999 and 2008, new research shows, bucking the global trend of glacial decline. The study published on Sunday in the Nature Geoscience journal also said the Karakoram

Published 16 Apr, 2012 12:00am

Jordan king orders release of jailed activists

Jordan king orders release of jailed activists

Jordan's King Abdullah II on Sunday ordered the release of 19 political activists charged with insulting him during pro-reform demonstrations last month, a palace official said. "The king instructed the government to take all necessary measures as soon as

Published 16 Apr, 2012 12:00am

Stalemate remains in maritime dispute: Philippines

Stalemate remains in maritime dispute: Philippines

The Philippines said Sunday it remained locked in a stalemate with China over a disputed shoal in the South China Sea. The statement came a day after the Philippine side reported that two Chinese vessels remained in Scarborough Shoal, just as the week-old

Published 16 Apr, 2012 12:00am

Lockerbie bomber in critical condition: family

Lockerbie bomber in critical condition: family

Abdelbaset Ali Mohmet al-Megrahi, the Libyan convicted of the 1988 Lockerbie plane bombing, was unconscious and in critical condition in hospital on Sunday, a close relative said. "He is unconscious and his condition has been very critical over the last t

Published 16 Apr, 2012 12:00am

Iraq election commission chief released from jail: official

Iraq election commission chief released from jail: official

Iraq's electoral commission chief and another member were released on bail on Sunday after spending three days in jail on corruption charges, in a case that has stirred political tensions in the country's fragile power-sharing government.

Published 16 Apr, 2012 12:00am

George Washington voted Britain's greatest enemy commander

George Washington voted Britain's greatest enemy commander

American revolutionary leader George Washington has been voted the greatest enemy commander to face Britain, lauded for his spirit of endurance against the odds and the enormous impact of his victory.

Published 16 Apr, 2012 12:00am

Saudis ban emo university students

Saudis ban emo university students

Saudi authorities have barred adherents of the emo subculture from attending the country's universities, local media reported Sunday. Universities in the conservative Muslim kingdom have been ordered to ban students sporting emo clothing and hairstyles, a

Published 16 Apr, 2012 12:00am

Guinea-Bissau junta, parties seek post-coup accord

Guinea-Bissau junta, parties seek post-coup accord

Political parties met with Guinea-Bissau's military junta Sunday in an attempt to reach a political solution days after soldiers arrested the prime minister in the tiny West African nation.

Published 16 Apr, 2012 12:00am

Five killed in Iraq violence

Five killed in Iraq violence

Bomb attacks killed five people in Iraq on Sunday, including three members of a family whose house was blown up north of the capital, security officials said. "Unknown gunmen planted three bombs around a house made of mud and reeds in the Taji area, causi

Published 16 Apr, 2012 12:00am

French group Total shuts down gas plant in Nigeria

French group Total shuts down gas plant in Nigeria

French energy group Total has shut down a gas plant in southern Nigeria because of a techical fault during a drilling operation at an oil facility, the company said on its website.

Published 16 Apr, 2012 12:00am

New Zealand house prices rise, sales surge in March: REINZ

New Zealand house prices rise, sales surge in March: REINZ

New Zealand house prices rose and sales hit their highest in more than four years on a monthly basis in March, the Real Estate Institute of NZ (REINZ) said on Monday.

Published 16 Apr, 2012 12:00am

India's Kingfisher pins last hope on foreign capital

India's Kingfisher pins last hope on foreign capital

India's struggling Kingfisher Airlines is banking for survival on an expected government decision to allow foreign airlines to pick up stakes in domestic carriers. But experts say this may not be enough to save the cash-squeezed company.

Published 16 Apr, 2012 12:00am

Petrol stations run dry in Juba as Sudan oil row bites

Petrol stations run dry in Juba as Sudan oil row bites

Motorists in South Sudan queued for hours on Sunday to try to buy petrol as filling stations ran dry due to a shortage of dollars less than three months after the world's newest nation shut down oil production in a row with Sudan. Four petrol stations vi

Published 16 Apr, 2012 12:00am

US urges China to make 'more movement' over yuan

US urges China to make 'more movement' over yuan

The White House Saturday reacted cautiously to an announcement from China that it was loosening up its currency controls saying it would like to see "more movement."

Published 16 Apr, 2012 12:00am

'US economy in better shape to handle high gas prices'

'US economy in better shape to handle high gas prices'

The US economy is in a better position to deal with high gasoline prices, Treasury Secretary Timothy Geithner said on Sunday, adding that unseasonably warm winter had lowered overall energy costs for consumers.

Published 16 Apr, 2012 12:00am

Qatar National Bank buys 49 percent stake in Libyan bank

Qatar National Bank buys 49 percent stake in Libyan bank

Qatar National Bank (QNB), the Gulf state's largest bank, has acquired a 49 percent stake in Libya's Bank of Commerce and Development as part of the Qatari lender's aggressive expansion strategy.

Published 16 Apr, 2012 12:00am

Japan mulling $60 billion contribution to IMF: report

Japan mulling $60 billion contribution to IMF: report

Japan is considering lending about $60 billion to the International Monetary Fund to help strengthen a global firewall against contagion from the European sovereign debt crisis, Kyodo news agency said Sunday.

Published 16 Apr, 2012 12:00am

Tanker of Syrian oil drops anchor off Iran

Tanker of Syrian oil drops anchor off Iran

The MT Tour tanker carrying Syrian crude oil dropped anchor in the Strait of Hormuz near the Iranian port of Bandar Abbas over the weekend, AIS Live ship tracking data on Reuters showed on Sunday.

Published 16 Apr, 2012 12:00am

Guyana to export manganese for first time in decades

Guyana to export manganese for first time in decades

The South American nation of Guyana expects to begin exporting the steel-making component manganese in 2013 for the first time in nearly 50 years, President Donald Ramotar said on Sunday.

Published 16 Apr, 2012 12:00am

Sarkozy says wants debate on ECB's growth role

Sarkozy says wants debate on ECB's growth role

French President Nicolas Sarkozy vowed Sunday that if he is reelected he will launch a debate on the role of the European Central bank in supporting growth in eurozone nations.

Published 16 Apr, 2012 12:00am

Sony turnaround plan 'no great shakes': analysts

Sony turnaround plan 'no great shakes': analysts

Sony has little chance of winning back its reputation as an innovator or vaulting ahead of stronger rivals with the "ordinary" turnaround plan its new chief unveiled last week, analysts said. On Thursday, the firm's leader Kazuo Hirai said the "urgent" re

Published 16 Apr, 2012 12:00am

Norway industrial strike averted with wage deal

Norway industrial strike averted with wage deal

Negotiators headed off a strike of 29,000 Norwegian industrial workers on Sunday with a "moderate" wage-and-benefits hike that could set the tone for other labour talks this spring across the oil-rich economy.

Published 16 Apr, 2012 12:00am

Dutch to buy fewer F-35 jets than planned: minister

Dutch to buy fewer F-35 jets than planned: minister

The Netherlands will buy fewer than the 85 Lockheed Martin Corp F-35 Joint Strike Fighter jets it had planned to acquire because costs have risen and the country needs to replace fewer F-16 fighters, the Dutch defence minister said on Sunday.

Published 16 Apr, 2012 12:00am

PCB should conduct fitness tests of umpires, use kookaburra ball: Dar

PCB should conduct fitness tests of umpires, use kookaburra ball: Dar

The International Cricket Council (ICC) Elite umpire Aleem Dar has advised the Pakistan Cricket Board (PCB) to conduct regular fitness tests of all the umpires and to use kookaburra cricket ball in domestic cricket. "ICC carries out regular eye tests and

Published 16 Apr, 2012 12:00am

Kerber takes Wozniacki's Danish title

Kerber takes Wozniacki's Danish title

Double defending champion Caroline Wozniacki suffered her first defeat at the WTA Copenhagen Open on Sunday when Germany's Angelique Kerber took her title in a 6-4, 6-4 win. Top seed Wozniacki had won the first two editions of the indoor hardcourt title i

Published 16 Apr, 2012 12:00am

Champions Man United restore five-point advantage at top

Champions Man United restore five-point advantage at top

Manchester United took another step closer to winning the Premier League title for a record 20th time as they cruised to a 4-0 win over Aston Villa on Sunday. Wayne Rooney scored twice while Danny Welbeck and Nani got the others as United restored their f

Published 16 Apr, 2012 12:00am

Ronaldo, Messi hit record 41-goal mark

Ronaldo, Messi hit record 41-goal mark

Cristiano Ronaldo and Lionel Messi took their La Liga goals tally this season to a record-breaking 41 each on Saturday. First, Ronaldo broke his own mark of last season by scoring in the 3-1 come-from-behind victory over Sporting Gijon.

Published 16 Apr, 2012 12:00am

Isner to face Monaco for ATP Houston crown

Isner to face Monaco for ATP Houston crown

US second seed John Isner outlasted Spanish third seed Feliciano Lopez 6-7 (5/7), 7-6 (7/4), 6-3 on Saturday to reach the final of the $442,500 ATP US Men's Clay Court Championship.

Published 16 Apr, 2012 12:00am

Italy's Enrico Gasparotto wins Amstel Gold Race

Italy's Enrico Gasparotto wins Amstel Gold Race

Italy's Enrico Gasparotto on Sunday won the Amstel Gold Race, the Dutch cycling classic raced over 256.5 kilometres from Maastricht to Valkenburg. The 30-year-old Astana rider beat Belgium's Jelle Vanendert and Peter Sagan of Slovakia in a sprint for the

Published 16 Apr, 2012 12:00am

Morosini death brings medical testing into focus

Morosini death brings medical testing into focus

After Fabrice Muamba collapsed and almost died while playing for Bolton Wanderers a month ago, there were renewed calls for more stringent medical checks for professional athletes.

Published 16 Apr, 2012 12:00am

All eyes on Real as Bayern concede title race

All eyes on Real as Bayern concede title race

Bayern Munich's Bastian Schweinsteiger has said the focus is now on Real Madrid in Tuesday's Champions League semi-final as the Bavarians have thrown in the towel on the Bundesliga title race. "Now we have to concentrate on Tuesday," said the Germany star

Published 16 Apr, 2012 12:00am

Tevez thanks team-mates for support

Tevez thanks team-mates for support

Carlos Tevez on Sunday thanked everybody at Manchester City for welcoming him back after a turbulent period of the season that saw him absent for several months.

Published 16 Apr, 2012 12:00am

Aussies lose openers, reach 74 for two at lunch

Aussies lose openers, reach 74 for two at lunch

Australia lost both their openers in the opening session of the second Test against West Indies at Queen's Park Oval on Sunday before reaching lunch on 74 for two. Shane Watson was not out on 10, while Ricky Ponting was on five.

Published 16 Apr, 2012 12:00am

Funds cut expenses lending hot stocks to shorters

Funds cut expenses lending hot stocks to shorters

A string of frothy initial public offerings gave a surprise boost to some of their mutual fund shareholders in the first quarter. Some funds that bought into hot IPOs, like Zynga and Groupon, are boosting their returns by lending the shares to short selle

Published 16 Apr, 2012 12:00am

Brazil to slash rates to nine percent: 45 out of 47 analysts see 75-bps rate cut next week

Brazil to slash rates to nine percent: 45 out of 47 analysts see 75-bps rate cut next week

Brazil's central bank will likely cut interest rates next week to near an all-time low, slashing borrowing costs for the sixth meeting in a row as it seeks to bolster a sluggish economic recovery, a Reuters poll found on Thursday.

Published 16 Apr, 2012 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Sep 20	277.90
USD PKR Interbank Buying / Sep 20	277.70
USD to Japanese Yen / Sep 20	142.19
USD to Swiss Franc / Sep 20	0.85
Pound Sterling to USD / Sep 20	1.33
Euro to USD / Sep 20	1.12

Stock	Volume
S&P 500 / Sep 19	5,713.64
Nasdaq / Sep 19	18,013.98
FTSE 100 / Sep 19	8,328.72
Dow Jones / Sep 19	42,025.19
Germany DAX 30 / Sep 19	19,002.38
France CAC40 / Sep 19	7,615.41
India Sensex / Sep 20	83,711.40
Tokyo Nikkei / Sep 20	37,879.54

Item	Value
Gold 10 Grams PKR / Sep 19	230,195
Petrol/Litre / Sep 20	249.10
Crude Oil USD/Barrel / Sep 20	71.80
Karachi Cotton PKR/37.32 KG / Sep 20	18,935
Gold Spot USD/Ounce / Sep 20	2,599.47
Diesel/Litre / Sep 20	249.69

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Sep 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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