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May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-03-01
Indian rupee plummets

Indian rupee plummets

The Indian rupee weakened sharply on Thursday, retreating from a three-week high hit earlier, after the 2013/14 budget increased spending despite keeping fiscal deficit targets in place, while measures to attract foreign flows were seen as limited. The un
Published 01 Mar, 2013 12:00am
Australian dollar rallies

Australian dollar rallies

The Australian dollar broadly rallied on Thursday as figures on future business investment in the country proved stronger than some had anticipated and cooled interest rate cut expectations. The Aussie dollar gained one cent to $1.0274, recovering from an
Published 01 Mar, 2013 12:00am
Short-covering lifts ringgit

Short-covering lifts ringgit

The Malaysian ringgit led gains in emerging Asian currencies on Thursday, with most regional units set to see monthly rises as risk appetite improved after a relatively smooth sale of Italy's bonds and on strong US business spending. The ringgit rose as i
Published 01 Mar, 2013 12:00am
Yuan surges

Yuan surges

The yuan rose to its highest value against the dollar in nearly a month on Thursday after the central bank set a stronger fixing in response to a weaker dollar in global markets and robust corporate demand for the Chinese currency. The People's Bank of Ch
Published 01 Mar, 2013 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. 78.85-78.86 (78.85-78.85). Call Money Rates: 07.00-08.00 percent (previous 06.80-09.00 percent.
Published 01 Mar, 2013 12:00am
Euro advances in New York

Euro advances in New York

The euro rose against the dollar on Wednesday, bolstered by solid demand for Italy's first bond sale since its general elections, but the current political uncertainty in the euro zone's third-largest country will likely contain any upside. Robust demand
Published 01 Mar, 2013 12:00am
Early trade in New York: dollar rises versus yen, euro

Early trade in New York: dollar rises versus yen, euro

The dollar rose against the euro and yen on Thursday as investors embraced its safety against the backdrop of a political stalemate in Italy and less than 24 hours before automatic spending cuts are enacted in the United States. While month-end flows shou
Published 01 Mar, 2013 12:00am
Euro falls versus dollar, yen

Euro falls versus dollar, yen

The euro fell against the dollar and yen on Thursday, with investors and speculators cautious about buying the single currency given political deadlock in Italy. Strategists said month-end flows meant trade could be choppy, but any gains in the euro would
Published 01 Mar, 2013 12:00am
Euro holds ground in Asia

Euro holds ground in Asia

The euro held its ground against the dollar and yen on Thursday, after a relatively smooth auction of Italian government bonds helped temper concerns about the country's political deadlock. Strong US business spending data also boosted investors' sentimen
Published 01 Mar, 2013 12:00am
Sterling rises

Sterling rises

Sterling rose on Thursday as some investors cut recent bets against the currency to book profits, although a bounce could be fleeting due to Britain's economic woes and because the central bank appears comfortable with a weaker pound. Traders said investo
Published 01 Mar, 2013 12:00am
FTSE extends longest monthly winning streak for 16 years

FTSE extends longest monthly winning streak for 16 years

Britain's top share index rose on Thursday, extending its monthly winning streak to nine months, buoyed by assurances from US and European central banks that they would continue to pursue supportive monetary policy. The blue-chip FTSE 100 index closed 34.
Published 01 Mar, 2013 12:00am
Dubai's Arabtec tumbles; Egypt's bourse down

Dubai's Arabtec tumbles; Egypt's bourse down

Shares in Dubai's Arabtec tumbled on Thursday to a six-week low on fears of a significant shares dilution after company plans of raising $1.8 billion in capital. Gulf markets were mixed, while Egypt's measure extended losses. Arabtec will issue 3.2 billio
Published 01 Mar, 2013 12:00am
Southeast Asia markets: Indonesia hits another record peak

Southeast Asia markets: Indonesia hits another record peak

Southeast Asian stocks rose on Thursday with Indonesia hitting a record close for second session and the Philippines ending at a new peak as regional markets rallied after US Federal Reserve Chairman Ben Bernanke reaffirmed commitment to strong stimulus.
Published 01 Mar, 2013 12:00am
European shares soar

European shares soar

European shares rose again on Thursday, buoyed by fresh signs of central bank support and upbeat corporate results which helped indexes pursue their recovery of losses inflicted by Italy's inconclusive elections. The FTSEurofirst 300 closed the last tradi
Published 01 Mar, 2013 12:00am
Hong Kong, China shares cut monthly losses

Hong Kong, China shares cut monthly losses

Hong Kong shares ended February on a brighter note on Thursday, with growth-sensitive counters among the leading gainers after US Federal Reserve Chairman Ben Bernanke reaffirmed his commitment to strong stimulus. Mainland Chinese markets had their best d
Published 01 Mar, 2013 12:00am
NAB recovers Rs 185.2 million

NAB recovers Rs 185.2 million

The National Accountability Bureau (NAB) has recovered Rs 185.2 million from Tanveer Hussain Manji Director, Vita Pakistan Limited who is an accused in Tawana Pakistan Project (TPP) scam. Tawana Pakistan Project, a multifaceted pilot project (September 20
Published 01 Mar, 2013 12:00am
MQM lawmakers allotted opposition seats

MQM lawmakers allotted opposition seats

Speaker of the Sindh Assembly Nisar Khuhro on Thursday allotted opposition seats to 30 lawmakers of Muttahida Qaumi Movement (MQM) in the provincial assembly. A notification was issued by the assembly's secretariat in this regard, allowing MQM lawmakers t
Published 01 Mar, 2013 12:00am
MQM lawmakers allotted opposition seats

MQM lawmakers allotted opposition seats

Speaker of the Sindh Assembly Nisar Khuhro on Thursday allotted opposition seats to 30 lawmakers of Muttahida Qaumi Movement (MQM) in the provincial assembly. A notification was issued by the assembly's secretariat in this regard, allowing MQM lawmakers t
Published 01 Mar, 2013 12:00am
Provisional figures: February tax collection stands at Rs 139.3 billion

Provisional figures: February tax collection stands at Rs 139.3 billion

With historic growth of 52 percent in domestic sales tax collection in February 2013, the Federal Board of Revenue has provisionally collected Rs 139.3 billion during the month against Rs 116.8 billion in the same period last fiscal year, reflecting an in
Published 01 Mar, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (February 28, 2013).

Published 01 Mar, 2013 12:00am
Provisional figures: February tax collection stands at Rs 139.3 billion

Provisional figures: February tax collection stands at Rs 139.3 billion

With historic growth of 52 percent in domestic sales tax collection in February 2013, the Federal Board of Revenue has provisionally collected Rs 139.3 billion during the month against Rs 116.8 billion in the same period last fiscal year, reflecting an in
Published 01 Mar, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (February 28, 2013).

Published 01 Mar, 2013 12:00am
Provisional figures: February tax collection stands at Rs 139.3 billion

Provisional figures: February tax collection stands at Rs 139.3 billion

With historic growth of 52 percent in domestic sales tax collection in February 2013, the Federal Board of Revenue has provisionally collected Rs 139.3 billion during the month against Rs 116.8 billion in the same period last fiscal year, reflecting an in
Published 01 Mar, 2013 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (February 28, 2013).

Published 01 Mar, 2013 12:00am
Tea, polypropylene: standard rate of 16 percent ST imposed

Tea, polypropylene: standard rate of 16 percent ST imposed

The Federal Board of Revenue has imposed the standard rate of 16 percent sales tax on the import of tea and polypropylene and polyethylene, according to two different notifications issued here on Thursday. Sources told Business Recorder here on Thu
Published 01 Mar, 2013 12:00am
Tea, polypropylene: standard rate of 16 percent ST imposed

Tea, polypropylene: standard rate of 16 percent ST imposed

The Federal Board of Revenue has imposed the standard rate of 16 percent sales tax on the import of tea and polypropylene and polyethylene, according to two different notifications issued here on Thursday. Sources told Business Recorder here on Thu
Published 01 Mar, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (February 28, 2013).

Published 01 Mar, 2013 12:00am
Tea, polypropylene: standard rate of 16 percent ST imposed

Tea, polypropylene: standard rate of 16 percent ST imposed

The Federal Board of Revenue has imposed the standard rate of 16 percent sales tax on the import of tea and polypropylene and polyethylene, according to two different notifications issued here on Thursday. Sources told Business Recorder here on Thu
Published 01 Mar, 2013 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (February 28, 2013) and for Friday (March 01, 2013).
Published 01 Mar, 2013 12:00am
Tea, polypropylene: standard rate of 16 percent ST imposed

Tea, polypropylene: standard rate of 16 percent ST imposed

The Federal Board of Revenue has imposed the standard rate of 16 percent sales tax on the import of tea and polypropylene and polyethylene, according to two different notifications issued here on Thursday. Sources told Business Recorder here on Thu
Published 01 Mar, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (February 28, 2013).

Published 01 Mar, 2013 12:00am
Royal Bank of Scotland logs £6 billion loss for scandal-hit 2012

Royal Bank of Scotland logs £6 billion loss for scandal-hit 2012

State-rescued Royal Bank of Scotland said Thursday that net losses ballooned to almost £6.0 billion in 2012, hit by compensation payouts, Libor rate-rigging fines and a vast accounting charge. Losses after taxation widened to £5.97 billion ($9.05 billion,
Published 01 Mar, 2013 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 01 Mar, 2013 12:00am
Royal Bank of Scotland logs £6 billion loss for scandal-hit 2012

Royal Bank of Scotland logs £6 billion loss for scandal-hit 2012

State-rescued Royal Bank of Scotland said Thursday that net losses ballooned to almost £6.0 billion in 2012, hit by compensation payouts, Libor rate-rigging fines and a vast accounting charge. Losses after taxation widened to £5.97 billion ($9.05 billion,
Published 01 Mar, 2013 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 01 Mar, 2013 12:00am
Royal Bank of Scotland logs £6 billion loss for scandal-hit 2012

Royal Bank of Scotland logs £6 billion loss for scandal-hit 2012

State-rescued Royal Bank of Scotland said Thursday that net losses ballooned to almost £6.0 billion in 2012, hit by compensation payouts, Libor rate-rigging fines and a vast accounting charge. Losses after taxation widened to £5.97 billion ($9.05 billion,
Published 01 Mar, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (February 28, 2013).

Published 01 Mar, 2013 12:00am
Royal Bank of Scotland logs £6 billion loss for scandal-hit 2012

Royal Bank of Scotland logs £6 billion loss for scandal-hit 2012

State-rescued Royal Bank of Scotland said Thursday that net losses ballooned to almost £6.0 billion in 2012, hit by compensation payouts, Libor rate-rigging fines and a vast accounting charge. Losses after taxation widened to £5.97 billion ($9.05 billion,
Published 01 Mar, 2013 12:00am
The Weather

The Weather

The weather report on Thursday (February 28, 2013) and the forecast for Friday (March 01, 2013).

Published 01 Mar, 2013 12:00am
WFP commends wheat donation by Pakistan

WFP commends wheat donation by Pakistan

World Food Programme (WFP) in Pakistan on Thursday commended wheat donation announced by Federal government to restore food basket to a level that fully meets basic needs of the poor. An official at WFP said this timely contribution is greatly welcomed wh
Published 01 Mar, 2013 12:00am
Ulema asked to disseminate polio disease awareness among people

Ulema asked to disseminate polio disease awareness among people

District Coordi-nation Officer (DCO) Lahore Noorul Amin Mengal has appealed to the Ulema of all sects to create awareness among people about polio disease in the Jummah sermons. He expressed these views while chairing a meeting on Thursday. The meeting wa
Published 01 Mar, 2013 12:00am
JI condemns death sentence to Bangladesh leader

JI condemns death sentence to Bangladesh leader

Ameer, Jamaat e Islami, Pakistan, Syed Munawar Hasan, strongly condemned a Bangladesh court verdict pronouncing death sentence to eminent religious scholar and JI leader Maulana Dilawar Husain Saeedi, and warned that this could plunge Bangladesh into a ci
Published 01 Mar, 2013 12:00am
Khar appreciates Russian assistance for expansion of PSM

Khar appreciates Russian assistance for expansion of PSM

Foreign Minister Hina Rabbani Khar met Chairperson of the Federal Council (Senate) of the Russian Federation Ms Valentina I. Matviyenko in Islamabad on Thursday. The discussions on the occasion spanned the wide spectrum of Pakistan-Russia bilateral relati
Published 01 Mar, 2013 12:00am
EU lifting ban on seafood products hailed

EU lifting ban on seafood products hailed

European Union (EU) has lifted curbs from the import of Pakistani seafood after six-year, which is a major development regarding increasing exports of the country. It would have positive effects on Pakistan's exports and would help in strengthening Pakist
Published 01 Mar, 2013 12:00am
Shujaat re-elected PML-Q president

Shujaat re-elected PML-Q president

Chief of Pakistan Muslim League-Quaid (PML-Q) Chaudhry Shujaat Hussain has again been elected as president of the party unopposed on Thursday. Simultaneously, Mushahid Hussain Syed has been re-elected as Secretary General of PML-Q unopposed during the int
Published 01 Mar, 2013 12:00am
Unique tax fraud detected: passwords/PIN codes of dormant units used

Unique tax fraud detected: passwords/PIN codes of dormant units used

The Regional Tax Office-II (RTO) Karachi has unearthed a unique kind of tax fraud involving unscrupulous elements, who used passwords/PIN codes of dormant units in the electronic system for filing of sales tax returns showing huge transactions to evade th
Published 01 Mar, 2013 12:00am
CCP grills Pama representatives

CCP grills Pama representatives

Competition Commission of Pakistan (CCP) on Thursday gave tough time to the local auto industry, which officials believe is fleecing consumers through different regulatory measures tailored in connivance with government agencies. This was the crux of a me
Published 01 Mar, 2013 12:00am
Elections to be held at any cost: Prime Minister

Elections to be held at any cost: Prime Minister

Prime Minister Raja Pervez Ashraf has said that elections will be held at any cost as the country's future is linked to free and fair elections. Speaking at a dinner hosted in the honour of parliamentarians by Syed Khurshid Shah, Federal Minister for Reli
Published 01 Mar, 2013 12:00am
No plan to withdraw army from IHK: India

No plan to withdraw army from IHK: India

India has said that there is no plan to withdraw the army from Indian Held Kashmir. According to KMS, Indian Minister of State for Home, RPN Singh replying to a question in Rajya Sabha, "There is no move to withdraw the army from Jammu and Kashmir." Singh
Published 01 Mar, 2013 12:00am
'Safe City Islamabad Project' Cabinet gives go ahead

'Safe City Islamabad Project' Cabinet gives go ahead

The Economic Co-ordination Committee (ECC) of the Cabinet has given go ahead to the controversial Rs 21 billion Safe City Islamabad Project on the request of Interior Minister, Rehman Malik, sources close to Finance Minister told Business Recorder.
Published 01 Mar, 2013 12:00am
President lays foundation stone of Nolang Dam

President lays foundation stone of Nolang Dam

President Asif Ali Zardari laid the foundation stone of Nolang Dam in Quetta to be constructed at a cost of 18 billion rupees President Asif Ali Zardari said that targeting any tribe or community in Balochistan would not be allowed adding the government w
Published 01 Mar, 2013 12:00am
Three-day 'Safe Secure Pakistan-2013' exhibition concludes

Three-day 'Safe Secure Pakistan-2013' exhibition concludes

The Three-day Safe Secure Pakistan-2013 exhibition concluded here on Thursday, where over 165 leading manufacturers from 20 countries showcased their state-of-the-art technology products, which include Security and intelligence technology, equipment for f
Published 01 Mar, 2013 12:00am
Coal reserves to be tapped for meeting energy crisis: Shahbaz

Coal reserves to be tapped for meeting energy crisis: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that there are large reserves of coal in the Salt Range of Punjab, which can be developed in a scientific manner and utilised for energy purposes. He said the wheel of economy is slow due to energy crisis whil
Published 01 Mar, 2013 12:00am
PLDDB to execute Punjab 'enhancing beef production' project

PLDDB to execute Punjab 'enhancing beef production' project

Punjab Livestock and Dairy Development Board (PLDDB) will execute the 'Enhancing Beef Production in Punjab' project through cross breeding with exotic beef semen in five districts of the province Bhakkar, Rajanpur, Layyah, Dera Ghazi Khan and Mianwali wit
Published 01 Mar, 2013 12:00am
'World Ear Care Day' seminar organised

'World Ear Care Day' seminar organised

Special Assistant to Chief Minister Punjab on Health Khawaja Salman Rafique said that children can be saved from physical disability by ensuring timely completion of preventive vaccination course. He expressed these views while addressing an international
Published 01 Mar, 2013 12:00am
FBR urged to withdraw amendments to SRO

FBR urged to withdraw amendments to SRO

Pakistan Industrial and Traders Associations Front (PIAF) has urged the Federal Board of Revenue (FBR) to immediately withdraw amendments in Sales Tax Special Procedure (Withholding) Rules 2007. The PIAF Chairman Malik Tahir Javaid in a statement on Thurs
Published 01 Mar, 2013 12:00am
Small traders shocked over chambers' decisions

Small traders shocked over chambers' decisions

All Pakistan Anjuman-e-Tajiran (APAT) has said that decisions of the country's major chambers, during a meeting held recently in Bhurban, have sent a wave of shock among small traders, who have been launching a special drive for the formation of chambers
Published 01 Mar, 2013 12:00am
Khyber Pakhtunkhwa to extend foolproof security to Nadra centres

Khyber Pakhtunkhwa to extend foolproof security to Nadra centres

Chairman Nadra Tariq Malik called on Chief Minister Khyber Pakhtunkhwa Ameer Haider Hoti at his office. Matters pertaining to Nadra's miscellaneous services rendered to the province came under discussion during the meeting. The chief minister praised Nadr
Published 01 Mar, 2013 12:00am
Denmark supports Youth Parliament

Denmark supports Youth Parliament

"Democracy is co-related to freedom, but it is also important to remember that democracy and freedom consist of discipline and selfless service to others, embracing the ethics of compassion and respect." This was stated by Danish Ambassador Ole E Moesby,
Published 01 Mar, 2013 12:00am
PML-N leaders refute Sindh Assembly allegations

PML-N leaders refute Sindh Assembly allegations

Pakistan Muslim League leaders (PML-N) have refuted the allegations levelled by the Sindh Assembly through a resolution on Wednesday that the Punjab government has links with terrorists and was patronising terrorist cells. Begum Tehmina Daultana, Rana Meh
Published 01 Mar, 2013 12:00am
New province: LHC issues notice to Federation

New province: LHC issues notice to Federation

The Lahore High Court here on Thursday issued notice to the Federation of Pakistan in a petition challenging report of Parliamentary Commission to form a new province. The court put up further hearing for Friday (today), when the other petitions of the sa
Published 01 Mar, 2013 12:00am
Boiler explosion kills 4 labourers

Boiler explosion kills 4 labourers

At least four labourers were killed when a boiler of a textile factory exploded in Faisalabad. According to the details, the boiler of a textile factory in the congested Mansoorabad area of Faisalabad exploded with a big bang, killing four labourers and w
Published 01 Mar, 2013 12:00am
LHC extends stay against petroleum levy on LPG

LHC extends stay against petroleum levy on LPG

The Lahore High Court (LHC) here on Thursday extended a stay against petroleum levy on Liquefied Petroleum Gas (LPG) and directed counsel of Oil and Gas Regulatory Authority (Ogra) to ensure submission of reply on next hearing on April 23. LPG distributio
Published 01 Mar, 2013 12:00am
Entrepreneurs invited to venture in Fata

Entrepreneurs invited to venture in Fata

Khyber Pakhtunkhwa Governor, Engineer Shaukatullah has appealed to the entrepreneurs from across the country to come forward; invest in Fata especially in industrial and mineral sectors; contribute in socio-economic uplift of the country; the Fata in part
Published 01 Mar, 2013 12:00am
Government asked to arrange oil supply for closed thermal power stations

Government asked to arrange oil supply for closed thermal power stations

Wapda and electricity workers have demanded of the government to arrange supply of oil/diesel to the closed thermal power stations to produce sufficient adequate electricity to meet energy needs of the country. They further stressed the need for new hydel
Published 01 Mar, 2013 12:00am
HRCP condemns Malik Mumtaz's murder

HRCP condemns Malik Mumtaz's murder

The Human Rights Commission of Pakistan (HRCP) has strongly condemned the murder of Malik Mumtaz, a journalist based at Miranshah, South Waziristan on Wednesday. The HRCP stated that the murder was a continuation of the disturbing trend of increasing viol
Published 01 Mar, 2013 12:00am
Fresh drive launched against illicit trade of cigarettes

Fresh drive launched against illicit trade of cigarettes

On the special directives of Chairman Federal Board of Revenue (FBR) Ali Arshad Hakim, the Directorate General of Intelligence and Investigation (I&I) Inland Revenue (IR) has launched a fresh drive against illicit tobacco/cigarettes trade including smuggl
Published 01 Mar, 2013 12:00am
'Keep rivers free' campaign: gathering at Kotri barrage today

'Keep rivers free' campaign: gathering at Kotri barrage today

Fishermen, farmers/peasants, students, environmentalists, journalists, representatives of civil society and politicians will gather at Kotri barrage on March 1, to mark the opening ceremony of people's caravan under the "keep rivers free" campaign.
Published 01 Mar, 2013 12:00am
'Pakistan, Brazil may boost cooperation in poultry sector'

'Pakistan, Brazil may boost cooperation in poultry sector'

The business community of Pakistan and Brazil can boost co-operation in the poultry, as Brazil is one of the biggest importers of 'Halal Chicken' in the world. This was stated by Ricardo Santin, Market Director of the Brazilian Poultry Association in a ta
Published 01 Mar, 2013 12:00am
SU extends admission date

SU extends admission date

Sindh University (SU) extended the last date up to March 7 for admissions at SU Larkana campus in a bid to facilitate the students who could not submit their forms owing to certain reasons.
Published 01 Mar, 2013 12:00am
Flood badly damages houses in Balochistan

Flood badly damages houses in Balochistan

Flash flood caused by torrential rains have badly damaged dozens of houses and inundated villages in parts of eastern Balochistan. Reports reaching here on Thursday suggested that flash flood has badly damaged dozens of houses in village Punhoon of Tehsil
Published 01 Mar, 2013 12:00am
Meezan Bank celebrates staff contribution

Meezan Bank celebrates staff contribution

Meezan Bank, Pakistan's leading Islamic bank, recently held a ceremony at Karachi to recognise the contribution of those employees who had completed ten years of service with the Bank.
Published 01 Mar, 2013 12:00am
Vice chancellor inaugurates LUMHS unit of 'Rover Scouts'

Vice chancellor inaugurates LUMHS unit of 'Rover Scouts'

Vice Chancellor (VC) Liaquat University of Medical Sciences (LUMHS) Professor Mashoor Alam Shah on Thursday inaugurated the LUMHS Unit of "Rover Scouts" at Latif Hall, Jamshoro. Addressing the oath taking ceremony, the VC said that scouting is unique in o
Published 01 Mar, 2013 12:00am
'BoK records robust growth in all sectors during last five years'

'BoK records robust growth in all sectors during last five years'

Despite the depressed economic conditions and marginalized businesses, the Bank of Khyber (BoK) has recorded a robust growth in all sectors during last five years. The bank is well positioned to meet all financial and regulatory requirements liable under
Published 01 Mar, 2013 12:00am
Demand for artificial jewellery soars

Demand for artificial jewellery soars

The demand for artificial jewellery has increased manifold due to huge rise in the prices of gold. The skyrocketing gold prices, worsening law and order, increasing incidents of snatching have badly affected the gold jewellery business, jewellers said. Th
Published 01 Mar, 2013 12:00am
Khushhalibank opens six new branches in Punjab

Khushhalibank opens six new branches in Punjab

Khushhalibank Limited, the first licensed microfinance bank in Pakistan expanded its network by opening six new branches in the Punjab region during the month of February. These branches were opened in Minchanabad, Chiniot, Muzaffargarh, Fort Abbas, Alipu
Published 01 Mar, 2013 12:00am
Post of veterinary officer: SPSC announces results

Post of veterinary officer: SPSC announces results

Sindh Public Service Commission (SPSC) Hyderabad has announced the result of successful candidates who were interviewed for the post of Veterinary Officer (Poultry Wing) BPS-17 in Livestock and Fisheries Department. According to results issued by SPSC Moo
Published 01 Mar, 2013 12:00am
30 megawatts wind power project to be set up near Thatta

30 megawatts wind power project to be set up near Thatta

At a time when local and foreign investors are shying away from investing in new projects because of uncertain domestic economic and security situation, the establishment of Tapal Wind Energy project at Jhimpir in Thatta district by a group of forward loo
Published 01 Mar, 2013 12:00am
MQM terms passage of 'Jinnah Medical University Bill' unconstitutional

MQM terms passage of 'Jinnah Medical University Bill' unconstitutional

Muttahida Qaumi Movement (MQM) on Thursday called the passage of Jinnah Sindh Medical University Bill by Sindh Assembly as 'uncconstitutional' and 'immoral. Talking to newsmen outside the Sindh Assembly building, MQM parliamentary leader, Syed Sardar Ahme
Published 01 Mar, 2013 12:00am
ACCA celebrates new members

ACCA celebrates new members

ACCA Sindh region has achieved milestone of some 263 new members during 2012. These new members are now a part of the vibrant ACCA community globally, which now consists of more than 1, 54,000 members in 170 countries. ACCA Pakistan organised "ACCA New Me
Published 01 Mar, 2013 12:00am
Naval Commanders Conference held

Naval Commanders Conference held

Command and Staff Conference of Pakistan Navy held at Naval Headquarters here on Thursday discussed issues pertaining to security situation, operational preparedness, significant ongoing projects and future plans of Pakistan Navy. Chief of the Naval Staff
Published 01 Mar, 2013 12:00am
PML-N to forward two names to Prime Minister anytime soon: Nisar

PML-N to forward two names to Prime Minister anytime soon: Nisar

Opposition leader in the National Assembly Chaudhry Nisar Ali Khan on Thursday confirmed that he had received a letter from Prime Minister Raja Pervez Ashraf, seeking names for caretaker prime minster. Talking to journalists, Pakistan Muslim League-Nawaz
Published 01 Mar, 2013 12:00am
US to give Syrian rebels medical, food aid, not arms

US to give Syrian rebels medical, food aid, not arms

The United States said on Thursday it will for the first time give non-lethal aid to Syrian rebels and more than double its aid to Syria's civilian opposition, disappointing opponents of President Bashar al-Assad clamouring for Western weapons.
Published 01 Mar, 2013 12:00am
Gold inches up in Asia

Gold inches up in Asia

Gold inched up on Thursday, but was still headed for its longest stretch of monthly declines in more than 16 years as an improving economic outlook dimmed its safe-haven appeal. Spot gold edged up 0.3 percent to $1,601.40 an ounce by 0714 GMT, on course f
Published 01 Mar, 2013 12:00am
Gold down one percent in New York

Gold down one percent in New York

Gold fell 1 percent on Wednesday, nearly erasing all of the previous session's gains, hit by disappointment over a lack of new Federal Reserve stimulus and deflation worries over across-the-board deep US spending cuts. On Wednesday, Bernanke said the US j
Published 01 Mar, 2013 12:00am
Sugar soars three percent

Sugar soars three percent

ICE raw sugar March futures dipped to a 2-1/2 year low on Thursday but then surged 3 percent on a short-covering flurry on short-lived talk that a Brazilian tax had been dropped, causing its discount to May to narrow just ahead of its expiration. Arabica
Published 01 Mar, 2013 12:00am
Malaysian palm oil falls; weak exports weigh

Malaysian palm oil falls; weak exports weigh

Malaysian palm oil futures fell to a more-than-six-week low on Thursday, extending losses into a seventh straight session on bleak export data and improved weather in Latin America. Losses were curtailed as India's national budget made no immediate decisi
Published 01 Mar, 2013 12:00am
Soyabean gains

Soyabean gains

US soyabean futures rose on Wednesday as delays in getting recently harvested crops in Brazil to ports bolstered export demand for US supplies, traders said. "Even with the South American harvest coming on, the United States is still selling soyabeans to
Published 01 Mar, 2013 12:00am
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