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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-04-18
Indian shares rise to highest close in two weeks

Indian shares rise to highest close in two weeks

Indian shares rose to their highest close in nearly two weeks on Tuesday after the central bank surprised with a bigger-than-expected 50 basis points cut in its policy rate, but the cheer was tempered by the cautious outlook on further rate cuts. Rate sen
Published 18 Apr, 2012 12:00am
Tuesday's midday trade: corporate earnings, Spain debt sale boost stocks

Tuesday's midday trade: corporate earnings, Spain debt sale boost stocks

US stocks rose sharply on Tuesday as investors welcomed a slew of quarterly corporate results and as a decline in borrowing costs for Spain eased concerns about Europe's debt crisis. Profits at Coca-Cola Co, Goldman Sachs Group Inc and Johnson & Johnson a
Published 18 Apr, 2012 12:00am
Dow Jones gains, Apple bites Nasdaq

Dow Jones gains, Apple bites Nasdaq

The Dow rose on Monday as robust US retail sales data helped large-cap consumer stocks, but a 4 percent slide in Apple hurt the Nasdaq. US retail sales for March shot up 0.8 percent, sharply higher than the forecast, pushing Procter & Gamble up 1.5 percen
Published 18 Apr, 2012 12:00am
Taiwan stocks dip

Taiwan stocks dip

Taiwan stocks closed 1.86 percent lower on Tuesday, the worst performer in Asia, with HTC Corp losing 6.2 percent on concerns over its recovery following its replacement of its CFO and amid increased competition. The main TAIEX index fell 143.99 points to
Published 18 Apr, 2012 12:00am
Treasuries unchanged

Treasuries unchanged

US Treasuries prices were unchanged on Monday as safe-haven demand for US government debt, fed by worries about the euro zone, was offset late in the day by profit-taking on benchmark yields hovering just below 2 percent. Concern over Europe centred aroun
Published 18 Apr, 2012 12:00am
Treasuries unchanged

Treasuries unchanged

US Treasuries prices were unchanged on Monday as safe-haven demand for US government debt, fed by worries about the euro zone, was offset late in the day by profit-taking on benchmark yields hovering just below 2 percent. Concern over Europe centred aroun
Published 18 Apr, 2012 12:00am
Hong Kong, China shares down

Hong Kong, China shares down

Hong Kong shares fell on Tuesday, dragged lower by large-cap bank and materials shares as nervous investors awaited a bond auction which could see a further jump in Spain's borrowing costs, threatening a new crisis in the euro zone. The Hang Seng index fe
Published 18 Apr, 2012 12:00am
Nikkei slips slightly

Nikkei slips slightly

Japanese shares steadied on Tuesday after the previous session's sharp losses, though social gaming firm Gree Inc jumped as an upbeat sector report from Bank of America Merrill Lynch forced investors to cover short positions. The Nikkei closed down 0.1 pe
Published 18 Apr, 2012 12:00am
Spain debt sale, German data boost European shares

Spain debt sale, German data boost European shares

European shares rallied on Tuesday, with banks leading gains, after a well-received Spanish debt auction, an upbeat German economic sentiment reading and positive US corporate earnings releases boosted investor sentiment. The FTSEurofirst 300 index closed
Published 18 Apr, 2012 12:00am
Southeast Asian markets: Thailand underperforms region amid outflows

Southeast Asian markets: Thailand underperforms region amid outflows

Thai stocks fell nearly 1 percent on Tuesday and shares in Singapore and Malaysia edged lower as renewed worries about debt problems in Europe curbed investors' appetite for riskier assets. The Thai stock market saw net foreign outflows of around 800 mill
Published 18 Apr, 2012 12:00am
Seoul shares edge down

Seoul shares edge down

Seoul shares edged lower on Tuesday after a choppy trading session, weighed down by persistent worries of a renewed debt crisis in the euro zone, prompting investors to curb riskier strategies pending the results of a Spanish bond auction. The Korea Compo
Published 18 Apr, 2012 12:00am
FTSE index ends up 1.8 percent

FTSE index ends up 1.8 percent

Britain's top share index gained nearly 2 percent on Tuesday, led by a rebound in banking stocks after a well-covered Spanish bill auction eased some concerns about banks' exposure to euro zone debt. Barclays was the top sector performer, rallying 4.6 per
Published 18 Apr, 2012 12:00am
Sterling rises versus dollar

Sterling rises versus dollar

Sterling rose against the dollar on Tuesday after data showed UK inflation ticked up as expected in March, while a smooth Spanish bill auction fuelled investor appetite to buy alternative currencies to the safe haven greenback. The cautious improvement in
Published 18 Apr, 2012 12:00am
Euro falls in Asia

Euro falls in Asia

The euro lost some ground on Tuesday, a day after short-covering helped it pull away from two-month lows against the dollar, and remained vulnerable ahead of a Spanish bond auction as euro zone debt jitters showed no signs of abating. Spain is set to see
Published 18 Apr, 2012 12:00am
Euro rises versus dollar

Euro rises versus dollar

The euro rose against the dollar on Tuesday after Spanish bill sales went through smoothly and a survey showed a rise in German analyst and investor sentiment, easing some of the market's concerns over euro zone debt. However, analysts said Spain's precar
Published 18 Apr, 2012 12:00am
Midday trade in New York: dollar, yen fall

Midday trade in New York: dollar, yen fall

The low-yielding US dollar and yen faltered on Tuesday, weighed down by a strong rally in stocks and an improving global backdrop that spurred investors to seek higher returns in other riskier currencies. A solid Spanish bill auction and upbeat German inv
Published 18 Apr, 2012 12:00am
Euro springs back

Euro springs back

The euro rallied on Monday, recovering from multi-month lows against the dollar and yen and a 1-1/2 year low against sterling in largely technical trading after it held key support levels ahead of a Spanish debt auction later this week. An early rise in S
Published 18 Apr, 2012 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 81.78-81.82 (previous 81.80-81.83). Call Money Rates: 14.00-15.00 percent (previous 14.00-15.00 percent).
Published 18 Apr, 2012 12:00am
Australian and New Zealand dollars slip

Australian and New Zealand dollars slip

The Australian and New Zealand dollars were under pressure on Tuesday as the Reserve Bank of Australia confirmed it would consider cutting rates in May, while concerns over Spain's finances continued to simmer. The Aussie dipped to $1.0315, from $1.0381 i
Published 18 Apr, 2012 12:00am
Yuan climbs

Yuan climbs

The yuan ended at a two-week high on Tuesday, reversing the previous day's losses on the second day of trading after the central bank widened the currency's daily trading band. The yuan closed at 6.3015, 135 pips stronger than Monday's close and its highe
Published 18 Apr, 2012 12:00am
Singapore dollar, won lead Asian trade lower

Singapore dollar, won lead Asian trade lower

The Singapore dollar and the South Korean won led a slide among emerging Asian currencies as investors avoided risky assets on sustained worries about the eurozone's debt problems, with Spain due to hold a bond auction later in the day. The Indian rupee b
Published 18 Apr, 2012 12:00am
Swiss franc tracks euro down

Swiss franc tracks euro down

The Swiss franc tracked the euro down against the dollar on Tuesday ahead of a Spanish bond auction and amid anticipation the Swiss government will decide this week on the new composition of the central bank's board. The euro touched two-month lows agains
Published 18 Apr, 2012 12:00am
Eurozone stress creeps into money markets

Eurozone stress creeps into money markets

The cost for banks of swapping euros into dollars has risen since the beginning of April - the latest sign that Spain-fuelled stress in euro zone debt markets is beginning to creep into money markets. Yields on Spanish 10-year government bonds broke above
Published 18 Apr, 2012 12:00am
West Indies 132 for 4 at lunch

West Indies 132 for 4 at lunch

The West Indies were 132 for four at lunch on the third day of the second Test against Australia at Queen's Park Oval on Tuesday, in reply to the tourists' 311 all out. Shivnarine Chanderpaul was not out 45 with Narsingh Deonarine on 12.
Published 18 Apr, 2012 12:00am
Hussey, Pattinson keep Aussies in control

Hussey, Pattinson keep Aussies in control

An 89 run partnership between Mike Hussey and James Pattinson ensured Australia remained in control at the end of the second day of the second Test against the West Indies on Monday. Hussey (73) and Pattinson (32) helped push the tourists, who are 1-0 up
Published 18 Apr, 2012 12:00am
Law appointed to Aussie high-performance role

Law appointed to Aussie high-performance role

Cricket Australia announced Tuesday it had appointed former Bangladesh coach Stuart Law to a high-performance role at Australian cricket's Centre of Excellence. Law, who played one test and 54 one-day internationals for Australia, will return to his home
Published 18 Apr, 2012 12:00am
Stuart Law concerned over Pakistan tour

Stuart Law concerned over Pakistan tour

Bangladesh cricket coach Stuart Law has expressed fears about the team's scheduled tour to troubled Pakistan, where international cricket has been suspended for three years. Bangladesh are set to be the first team to visit Pakistan since a militant attack
Published 18 Apr, 2012 12:00am
PFF 'D' Certificate women coaching course begins

PFF 'D' Certificate women coaching course begins

Pakistan Football Federation (PFF) "D" Certificate Coaching Course for Women-2012 commenced here at Football House on Tuesday with nineteen women participants attending the beneficial activity which aims at importing latest knowledge to the participants o
Published 18 Apr, 2012 12:00am
Singapore group poised for Rangers take-over

Singapore group poised for Rangers take-over

A Singapore-based consortium edged closer to a takeover of ailing Scottish giants Rangers on Tuesday, following the withdrawal of a rival group bidding for the club. The five-man grouping led by Singapore businessman Bill Ng is expected to be named as the
Published 18 Apr, 2012 12:00am
Pakistan ready to host Bangladesh: PCB

Pakistan ready to host Bangladesh: PCB

Work is being sped up to get Lahore's Qadhaffi Stadium ready for the visit of Bangladesh later this month, cricket officials say - Pakistan's first home international in three years. Foreign teams have shunned Pakistan since the deadly militant attack on
Published 18 Apr, 2012 12:00am
Premier League gets nostalgic 20 years on

Premier League gets nostalgic 20 years on

Nostalgia, the old line goes, is not what it used to be. But as the Premier League gets misty eyed about its 20 years of existence, it appears that great goals are not what they used to be either. Arguably the most striking thing about the candidates for
Published 18 Apr, 2012 12:00am
Murray hits ground running, birthday win for Tsonga

Murray hits ground running, birthday win for Tsonga

Andy Murray made a winning return to clay and Jo-Wilfried Tsonga celebrated his 27th birthday with a win as both seeds reached the third round of the Monte Carlo Masters on Tuesday. Murray, third in the field behind Novak Djokovic and seven-time winner Ra
Published 18 Apr, 2012 12:00am
Ulsan end Brisbane campaign in ACL

Ulsan end Brisbane campaign in ACL

South Korean club Ulsan Hyundai all but ended Brisbane's Asian Champions League campaign when they beat the Roar 2-1 in an entertaining match on Tuesday. Ulsan moved to eight points at the top of Group F with the win, while Brisbane are languishing at the
Published 18 Apr, 2012 12:00am
Wigan stun Arsenal to ease relegation worries

Wigan stun Arsenal to ease relegation worries

Wigan Athletic added to last week's surprise victory over Premier League leaders Manchester United by beating third-place Arsenal 2-1 at the Emirates Stadium on Monday night. Two early goals turned out to be enough for Roberto Martinez's side to pull off
Published 18 Apr, 2012 12:00am
First ever Cleft Centre in country to be opened on April 23

First ever Cleft Centre in country to be opened on April 23

Pakistan Cleft Lip and Palate Association (PCLAPA) will inaugurate the first ever Cleft Centre of the country in Gujrat on April 23 to provide treatment to thousands of patients. This was announced by US-based renowned cleft surgeon, Dr Riffat Hussain and
Published 18 Apr, 2012 12:00am
Gayari operation: rescuers dig tunnels in hard mass: ISPR

Gayari operation: rescuers dig tunnels in hard mass: ISPR

The Inter Services Public Relations (ISPR) said in a statement on Tuesday that rescuers have dug tunnels in the hard mass of snow and ice to try to reach the buried soldiers and civilians at the Gayari base, but toxic gases have built up inside one of the
Published 18 Apr, 2012 12:00am
Intellectual property laws being revised: Chairman IPO

Intellectual property laws being revised: Chairman IPO

The Chairman IPO-Pakistan Hameed Ullah Jan Afridi said on Tuesday that the Intellectual Property (IP) Laws are being revised by proposing suitable amendments after consultation of all stakeholders to take action against the elements involved in violation
Published 18 Apr, 2012 12:00am
Intellectual property laws being revised: Chairman IPO

Intellectual property laws being revised: Chairman IPO

The Chairman IPO-Pakistan Hameed Ullah Jan Afridi said on Tuesday that the Intellectual Property (IP) Laws are being revised by proposing suitable amendments after consultation of all stakeholders to take action against the elements involved in violation
Published 18 Apr, 2012 12:00am
Call to hold international moot on Sufism

Call to hold international moot on Sufism

Noted scholars and educationists have urged the government to take efforts for holding of international conference on Sufism for promotion of message of peace and harmony and to invite scholars from all over world for the understanding of message of the S
Published 18 Apr, 2012 12:00am
Parliament rejects reopening of Nato supply route: Nisar

Parliament rejects reopening of Nato supply route: Nisar

Leader of the Opposition in National Assembly Chaudhry Nisar Ali Khan Tuesday said that parliament has rejected the reopening of Nato supply route and the recently passed joint resolution carries no clause contrary to national interest.
Published 18 Apr, 2012 12:00am
Pakistan to take part in Annual Investment Meeting at Dubai

Pakistan to take part in Annual Investment Meeting at Dubai

Senior Minister for Commerce Makhdoom Amin Fahim on Tuesday said that Pakistan would participate in the second round of Annual Investment Meeting (AIM), to be held from May 1-3 at Dubai, UAE. Official sources in the Ministry of Commerce said that in this
Published 18 Apr, 2012 12:00am
Mali names interim Prime Minister after wave of arrests

Mali names interim Prime Minister after wave of arrests

Mali named a leading scientist as its caretaker prime minister on Tuesday but its path back to civilian rule after last month's coup was thrown into doubt as soldiers arrested key allies of the ousted president, Amadou Toumani Toure. The coup emboldened T
Published 18 Apr, 2012 12:00am
Britain resumes bid to deport radical cleric Abu Qatada

Britain resumes bid to deport radical cleric Abu Qatada

Britain said on Tuesday it had re-arrested a radical cleric once described as Osama bin Laden's "right-hand man in Europe" and would resume plans to deport him to Jordan, where he has been convicted in his absence of involvement in terrorist plots.
Published 18 Apr, 2012 12:00am
UN wives urge Syrian first lady 'Stop your husband'

UN wives urge Syrian first lady 'Stop your husband'

The wives of UN ambassadors from Britain and Germany targeted Syria's first lady on Tuesday with an online appeal to "stop your husband" in his yearlong bid to quash a popular uprising that has left thousands dead. The video contrasts the lavish lifestyle
Published 18 Apr, 2012 12:00am
UN sees need for more Syria observers, aircraft

UN sees need for more Syria observers, aircraft

A United Nations mission to oversee an end to violence in Syria may need to bring in its own aircraft and deploy more troops to ensure that a firm cease-fire takes hold throughout the country, UN Secretary General Ban Ki-moon said on Tuesday. A six-day-ol
Published 18 Apr, 2012 12:00am
Tajikistan says Russia is main partner, rejects foreign offers

Tajikistan says Russia is main partner, rejects foreign offers

Tajikistan, a former Soviet republic bordering Afghanistan, has rejected requests by foreign powers to allow them to set up military bases on its territory because it does not want to upset Russia, its president said on Tuesday. Central Asia has become an
Published 18 Apr, 2012 12:00am
Dinosaur eggs said found in Russia's Chechnya

Dinosaur eggs said found in Russia's Chechnya

Geologists in Russia's volatile Chechnya region have discovered what they believe to be fossilised dinosaur eggs laid by one of the huge extinct reptiles that roamed the Earth more than 60 million years ago . "We've found about 40 eggs so far, the exact n
Published 18 Apr, 2012 12:00am
Space shuttle Discovery makes final flight to museum

Space shuttle Discovery makes final flight to museum

The space shuttle Discovery made its final voyage on Tuesday: a piggyback jet ride to the Smithsonian National Air and Space Museum annex in Virginia. The United States retired its space shuttles last year after finishing construction of the $100 billion
Published 18 Apr, 2012 12:00am
Palestinian inmates launch 'battle of empty stomachs'

Palestinian inmates launch 'battle of empty stomachs'

At least 1,200 Palestinian prisoners in Israeli jails launched an open-ended hunger strike on Tuesday, upping the stakes in a protest movement that has put the Jewish state under pressure. Israel has already struck deals with two Palestinian detainees thi
Published 18 Apr, 2012 12:00am
Karzai challenges Taliban 'brothers' over attacks

Karzai challenges Taliban 'brothers' over attacks

President Hamid Karzai called the Taliban "brothers" on Tuesday and reached out to them to do more for the good of the country after the insurgents carried out multiple attacks in Kabul and elsewhere at the weekend The deadly strikes on parliament, Kabul'
Published 18 Apr, 2012 12:00am
Pentagon sees progress, challenges in cyber warfare

Pentagon sees progress, challenges in cyber warfare

The Pentagon says it is making progress in developing weapons for its newest battleground - cyberspace - but still faces funding, technology and policy challenges. US Air Force Lieutenant General Michael Basla, vice commander of Air Force Space Command, t
Published 18 Apr, 2012 12:00am
China ups tax on international flights to cut emissions

China ups tax on international flights to cut emissions

China on Tuesday added 20 RMB ($3.18) to a charge on passengers on international flights, saying it would use the revenue to, among other things, cut CO2 emissions from its planes, a move that could impact the inclusion of Chinese airlines in the EU Emiss
Published 18 Apr, 2012 12:00am
US eases Myanmar sanctions to boost NGO projects

US eases Myanmar sanctions to boost NGO projects

The US Treasury on Tuesday relaxed sanctions on Myanmar to permit financial transactions to support certain humanitarian and development projects in the country as it moves ahead with democratic reforms after decades of military rule. The Treasury's Offic
Published 18 Apr, 2012 12:00am
One-Window Customer Centre under construction in Lahore office: SNGPL

One-Window Customer Centre under construction in Lahore office: SNGPL

Sui Northern Gas Pipelines Limited (SNGPL) General Manager Lahore Sohail Gulzar has said that One Window Customer Centre is under construction in the Lahore office that will start functioning by the end of this financial year. While talking to Business Re
Published 18 Apr, 2012 12:00am
Kashmir is the lifeline of Pakistan: Shahbaz

Kashmir is the lifeline of Pakistan: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that Kashmir is the lifeline of Pakistan, which has been kept separated from it by force. He said that Kashmiris have rendered innumerable sacrifices for freedom and Kashmir Valley has been reddened w
Published 18 Apr, 2012 12:00am
Government taking steps to overcome energy crisis by June: MCCI

Government taking steps to overcome energy crisis by June: MCCI

President of Multan Chamber of Commerce and Industry (MCCI) Mian Anis A Sheikh told newsmen on Tuesday that President Asif Zardari was optimistic about to over come the energy crisis by the end of June 2012, as government was taking long-term, mid-term an
Published 18 Apr, 2012 12:00am
Education government's top priority: minister

Education government's top priority: minister

Provincial Education Minister Mujtaba Shuja-ur-Rehman has said that education is top priority of the government and new initiatives have been taken in the field. He expressed these views at the 56th convocation of Government Post Graduate Islamia College
Published 18 Apr, 2012 12:00am
Disqualification of MNA: LHC appoints bar member as amicus curie

Disqualification of MNA: LHC appoints bar member as amicus curie

The Lahore High Court has appointed a bar member Azhar Siddique as amicus curie in a petition seeking disqualification of a sitting PML-N MNA Rao Mazhar Hayat Khan whose BA degree had been proved fake and an FIR was also registered against him.
Published 18 Apr, 2012 12:00am
Laptop scheme: petition seeks judicial inquiry

Laptop scheme: petition seeks judicial inquiry

A petition seeking judicial enquiry into alleged massive corruption in laptop scheme launched by Chief Minister Punjab has been filed before the Lahore High Court A bar member Mian Shahid Abbas has made PML-N President Mian Nawaz Sharif and Punjab Chief M
Published 18 Apr, 2012 12:00am
Command Staff College team visits SCCI

Command Staff College team visits SCCI

A delegation from Command and Staff College Quetta on Tuesday visited Sialkot Chamber of Commerce and Industry (SCCI). SCCI President Naeem Anwar Qureshi apprised the delegation about the city which is a unique city with strong industrial base. The city i
Published 18 Apr, 2012 12:00am
Climate change: Pakistan's average temperature to rise

Climate change: Pakistan's average temperature to rise

Average temperature across Pakistan will increase between 3.9°C and 4.4°C by 2080s, corresponding to an increase in average global temperature rise of between 2.8°C and 3.4°C by the end of this century because of climate changes. This was stated at the co
Published 18 Apr, 2012 12:00am
Hearing against PML-Q MNA adjourned

Hearing against PML-Q MNA adjourned

The Lahore High Court here on Tuesday adjourned the hearing of an election petition against a PML-Q MNA Nauman Ahmad Langrial for final arguments to May 4. On previous hearing, the court had directed the Speaker National Assembly to ensure appearance of t
Published 18 Apr, 2012 12:00am
BASF Pakistan participates in German Exposition

BASF Pakistan participates in German Exposition

The German Embassy, in co-operation with the Pakistan German Business Forum (PGBF) and German-linked companies and institutions active in Pakistan organised a unique exhibition titled 'Germany on the Road' aimed at increasing positive connections with loc
Published 18 Apr, 2012 12:00am
Japan, Pakistan ties have grown for mutual benefit: envoy

Japan, Pakistan ties have grown for mutual benefit: envoy

Pakistan and Japan relations have grown to the mutual benefit of both nations, but Pakistan needs to do much more if it is to join the list of developed countries. This was stated by Masahiru Sato, the Consul General of Japan in Karachi at a reception hos
Published 18 Apr, 2012 12:00am
KCA suggests ' free trading in cotton' in next budget

KCA suggests ' free trading in cotton' in next budget

A meeting of the members of Karachi Cotton Broker's Forum and members of Broker's Advisory Committee was held on Monday at the Karachi Cotton Exchange Building Trading hall. Presiding over the meeting, Naseem Usman and other members discussed various poin
Published 18 Apr, 2012 12:00am
KCA suggests ' free trading in cotton' in next budget

KCA suggests ' free trading in cotton' in next budget

A meeting of the members of Karachi Cotton Broker's Forum and members of Broker's Advisory Committee was held on Monday at the Karachi Cotton Exchange Building Trading hall. Presiding over the meeting, Naseem Usman and other members discussed various poin
Published 18 Apr, 2012 12:00am
KESC launches 'third meter removal drive'

KESC launches 'third meter removal drive'

The Karachi Electric Supply Company Limited, in line with its broader vision to optimise and upgrade services and to improve power distribution network, has launched 'third meter removal drive' aimed at minimising irregular consumption of electricity. Und
Published 18 Apr, 2012 12:00am
Smuggling bid foiled

Smuggling bid foiled

The Anti-Narcotics Force (ANF) has foiled a bid to smuggle heroin to Spain from Lahore and seized 650-gram heroin. According to details, Naveed Ahmed Sindhu was proceeding to Spain via Amsterdam from Lahore. The ANF staff deputed at the Lahore Airport con
Published 18 Apr, 2012 12:00am
Two sanitary workers die of suffocation

Two sanitary workers die of suffocation

At least two sanitary workers of Defence Cantonment Board were killed in the limits of Darakshan Police Station on Tuesday. According to police, two sanitary men were suffocated while working underground sewerage line at DHA Phase VI, Khayaban-e-Mohafiz.
Published 18 Apr, 2012 12:00am
SIU nabs four alleged target killers

SIU nabs four alleged target killers

Special Investigation Unit (SIU) of the Sindh Police claimed to have arrested four alleged target killers in separate raids on Tuesday. According to SP Shahjahan, the SIU team on a tip-off conducted a raid near Crown Cinema and arrested one Abdul Hanan an
Published 18 Apr, 2012 12:00am
FFBL posts after tax loss of over Rs 387 million

FFBL posts after tax loss of over Rs 387 million

Fauji Fertiliser Bin Qasim (FFBL) has posted an after tax loss of Rs 387.029 million in the quarter ended March 31, 2012 against an after tax profit of Rs 1,557.756 million in the corresponding quarter in 2011. In a meeting held on Tuesday, the company's
Published 18 Apr, 2012 12:00am
FFBL posts after tax loss of over Rs 387 million

FFBL posts after tax loss of over Rs 387 million

Fauji Fertiliser Bin Qasim (FFBL) has posted an after tax loss of Rs 387.029 million in the quarter ended March 31, 2012 against an after tax profit of Rs 1,557.756 million in the corresponding quarter in 2011. In a meeting held on Tuesday, the company's
Published 18 Apr, 2012 12:00am
Online application for UK visa from May 1

Online application for UK visa from May 1

Regional Manager for Gulf, Iran and Pakistan, United Kingdom's Border Agency based in the British High Commission in Islamabad, Ms Mandy Ivemy has informed that they were following the British Global Standard for visa processing. According to a press rele
Published 18 Apr, 2012 12:00am
Government urged to carry out land reforms

Government urged to carry out land reforms

Sindh's civil society organisations have demanded of the government for land reforms to facilitate equitable distribution of resources to the rural poor in connection with the International Day of Peasant Struggle on April 17. According to a press release
Published 18 Apr, 2012 12:00am
Meezan Bank records 54 percent growth in profit after tax

Meezan Bank records 54 percent growth in profit after tax

Meezan Bank Limited has recorded 54 percent growth in its profit after tax which increased to Rs 903 million for the quarter ended March 31, 2012 against Rs 585 million earned in the first quarter of 2011. The Meezan Bank Limited's board of directors, in
Published 18 Apr, 2012 12:00am
Meezan Bank records 54 percent growth in profit after tax

Meezan Bank records 54 percent growth in profit after tax

Meezan Bank Limited has recorded 54 percent growth in its profit after tax which increased to Rs 903 million for the quarter ended March 31, 2012 against Rs 585 million earned in the first quarter of 2011. The Meezan Bank Limited's board of directors, in
Published 18 Apr, 2012 12:00am
HP announces ProLiant Gen8 servers

HP announces ProLiant Gen8 servers

HP on Tuesday announced the industry's most self-sufficient line of servers - the HP ProLiant Generation 8 (Gen8). HP ProLiant Gen8 servers are the result of a 300 million dollars' two-year programme called Project Voyager, the company's initiative to red
Published 18 Apr, 2012 12:00am
Quick Response, Rescue Centre to be set up at 10 locations

Quick Response, Rescue Centre to be set up at 10 locations

Quick response and rescue centre would be set up at 10 locations in the city where ambulances, fire tenders with police and ranger's mobiles would be stationed for immediate dispatch in any emergency or casualty.
Published 18 Apr, 2012 12:00am
Karachi Sindh police seek induction of 5,000 more cops

Karachi Sindh police seek induction of 5,000 more cops

Following the prevailing law and order situation in the city, the Sindh police have moved a summary for the induction of 5,000 more policemen in Karachi. This was stated by Akhtar Ghorchani, Additional Inspector General (AIG) of Sindh Police during meetin
Published 18 Apr, 2012 12:00am
EU ban is 'politically motivated': officials, fishermen

EU ban is 'politically motivated': officials, fishermen

Pakistan continues to face the European Union's (EU) ban on its seafood export largely for global political reasons, as concerned officials and fishermen believe the continuous ban is more to do with the Nato's military failure in Afghanistan against the
Published 18 Apr, 2012 12:00am
Over 650 delegates attend Lifestyle Pakistan Exhibition: Baig

Over 650 delegates attend Lifestyle Pakistan Exhibition: Baig

Federal Advisor on Textile, Government of Pakistan, Dr Mirza Ikhtiar Baig has said that more than 650 delegates from Pakistan participated Lifestyle Pakistan Exhibition held in New Delhi from April 12 till 15, 2012. Returned after attending Lifestyle Paki
Published 18 Apr, 2012 12:00am
Three extortionists held

Three extortionists held

Sindh police on Tuesday claimed to have arrested three alleged extortionists in separate raids and recovered weapons from their possession. According to police, two extortionists, who were identified as Imran and Inayatullah, were taken into custody after
Published 18 Apr, 2012 12:00am
Chinese agriculture team welcomed in Lahore

Chinese agriculture team welcomed in Lahore

Punjab Minister for Agriculture and Irrigation Malik Ahmad Ali Aulakh welcomed a seven-member Chinese delegation at Allama Iqbal Airport Lahore here on Tuesday. The delegation is being led by Chinese Foreign Relations Committee's Vice Chairman Liu Dongdon
Published 18 Apr, 2012 12:00am
PMA to be handed over to private sector: Ghauri

PMA to be handed over to private sector: Ghauri

Federal Minister Ports and Shipping, Babar Khan Ghauri has announced to hand over Pakistan Maritime Academy (PMA) to the Master Mariners Society of Pakistan (MMSP). Speaking as chief guest at the Lifetime Achievement Awards distribution ceremony of MMSP a
Published 18 Apr, 2012 12:00am
Vice-Principal of JPC among six killed

Vice-Principal of JPC among six killed

At least six persons including the Vice-Principal of Jinnah Polytechnic College (JPC), were killed in separate incidents of targeted killings in the city on Tuesday. According to SP Taveer Odho, Vice-Principal of JPC, Imran Zaidi, 52 was gunned down by tw
Published 18 Apr, 2012 12:00am
Sherani takes charge as President: 55th AGM of FPCCI held

Sherani takes charge as President: 55th AGM of FPCCI held

The 55th Annual General Body Meeting of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) was held here at the Federation House on Tuesday. During the meeting, Haji Fazal Kadir Khan Sherani took charge as new President of the chamber. Sh
Published 18 Apr, 2012 12:00am
Kapco's profit increases to Rs 1.653 billion

Kapco's profit increases to Rs 1.653 billion

The profit after tax of Kot Addu Power Company (Kapco) has increased to Rs 1.653 billion in the quarter ended March 31, 2012 as compared to Rs 1.403 billion earned in the corresponding quarter in 2011. The board of directors of the company in its meeting
Published 18 Apr, 2012 12:00am
Kapco's profit increases to Rs 1.653 billion

Kapco's profit increases to Rs 1.653 billion

The profit after tax of Kot Addu Power Company (Kapco) has increased to Rs 1.653 billion in the quarter ended March 31, 2012 as compared to Rs 1.403 billion earned in the corresponding quarter in 2011. The board of directors of the company in its meeting
Published 18 Apr, 2012 12:00am
Illegal Bachat Bazaars: row over revenue collection hampers action

Illegal Bachat Bazaars: row over revenue collection hampers action

The ongoing tussle between Enterprises and Investment Promotions (E&IP) department of Karachi Municipal Corporation (KMC) and Department of Bureau of Supplies and Prices Control, Sindh over collection of revenue from Bachat Bazaars has delayed launching d
Published 18 Apr, 2012 12:00am
Fruit-vegetable market: poor hygienic condition criticised

Fruit-vegetable market: poor hygienic condition criticised

Market Sub-Committee Chairman of Hyderabad Chamber of Commerce and Industry (HCCI, Javed Ahmed has criticised on Hyderabad market administration for poor arrangements of cleanness and said that due to non-payment to market sweepers the condition of fruit-
Published 18 Apr, 2012 12:00am
Awareness drive on historic sites launched in Khyber Pakhtunkhwa

Awareness drive on historic sites launched in Khyber Pakhtunkhwa

The Directorate of Archaeology and Museums Khyber Pakhtunkhwa has launched awareness drive for highlighting the significance of historic sites in the province. Under the campaign, a guided tour arranged to visit the remains of Takht Bhai and Jamal Garhi s
Published 18 Apr, 2012 12:00am
Foreign delegation calls on Hina

Foreign delegation calls on Hina

Steve Baker, Member of British Parliament and Councillor Mahboob Husain Bhatti along with a delegation of the Kashmir European Forum, called on Foreign Minister Hina Rabbani Khar here on Tuesday. The Foreign Minister appreciated the role Baker had played
Published 18 Apr, 2012 12:00am
Proposed allocations for development, maintenance of PHA approved

Proposed allocations for development, maintenance of PHA approved

Chief Minister, Khyber Pakhtunkhwa (KP), Ameer Haider Khan Hoti has approved proposed development programme amounting to approximately Rs 5 billion for upcoming financial year and maintenance plan amount to Rs 750 million under Pakhtunkhwa Highway Authori
Published 18 Apr, 2012 12:00am
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