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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-03-01
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
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
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
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
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
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
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
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
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 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
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
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
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
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
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
Atletico set up all Madrid cup final

Atletico set up all Madrid cup final

Atletico Madrid striker Radamel Falcao was delighted with his side's effort as they set up a Spanish Cup final with Real Madrid after a 2-2 draw away at Sevilla saw them progress 4-3 on aggregate. "To be in the final is very important for Atletico. We are
Published 01 Mar, 2013 12:00am
MUFAP T20 Cricket Tournament receives encouragement

MUFAP T20 Cricket Tournament receives encouragement

MUFAP's first hard ball T20 Cricket Tournament, which started from December 8, 2012 was well received and enjoyed in the asset management industry as this tournament encouraged fun, interaction and bonding between member companies. The event brought toget
Published 01 Mar, 2013 12:00am
Del Potro serves up a treat in sweltering Dubai

Del Potro serves up a treat in sweltering Dubai

Thunderous serving from former US Open champion Juan Martin Del Potro helped the Argentine overwhelm German qualifier Daniel Brands 6-4 6-2 in a sweat-soaked quarter-final at the Dubai Championships on Thursday. Del Potro faces a likely semi-final duel wi
Published 01 Mar, 2013 12:00am
Moin demands Whatmore's sacking

Moin demands Whatmore's sacking

Former Pakistan captain Moin Khan on Thursday demanded the sacking of national coach Dav Whatmore following the team's 3-0 whitewash by South Africa, saying a local man should replace him. Pakistan flopped miserably against the world number one Test team,
Published 01 Mar, 2013 12:00am
Drogba gets Euro clearance, Lazio fined

Drogba gets Euro clearance, Lazio fined

Didier Drogba will be allowed to play in Galatasaray's Champions League clash against Schalke after the German club had their objections over his eligibility thrown out by UEFA on Wednesday. Schalke, who came away from Istanbul with a 1-1 draw in the firs
Published 01 Mar, 2013 12:00am
Nadal eases into Acapulco quarters

Nadal eases into Acapulco quarters

Rafael Nadal eased into the quarter-finals of the Mexican Open on Wednesday, continuing his comeback from the knee injury that sidelined the 11-time Grand Slam champion for seven months. Nadal, playing in his third tournament in four weeks after his lengt
Published 01 Mar, 2013 12:00am
Caretaker Asian boss steps aside from election

Caretaker Asian boss steps aside from election

Acting Asian Football Confederation (AFC) president Zhang Jilong will step aside from upcoming leadership elections in a bid to bring "unity" to the troubled body, a source told AFP Thursday. "He's not running. He has decided after long and careful though
Published 01 Mar, 2013 12:00am
Whatmore needs to learn Urdu, says Hanif

Whatmore needs to learn Urdu, says Hanif

Former Pakistan captain Hanif Mohammad believes the team's Australian coach Dav Whatmore needs to learn Urdu if he is to succeed with the players. Whatmore has come under fire after Pakistan suffered a 3-0 whitewash in the Test series in South Africa, fai
Published 01 Mar, 2013 12:00am
Robben strikes as Bayern dump Dortmund out of cup

Robben strikes as Bayern dump Dortmund out of cup

Bayern Munich ended their three-year wait for a competitive win over Borussia Dortmund on Wednesday as Arjen Robben's first-half strike sealed a 1-0 German Cup quarter-final victory. February 2010 had been the occasion of Bayern's last league or cup win o
Published 01 Mar, 2013 12:00am
Ibra upstages Beckham as PSG beat Marseille again

Ibra upstages Beckham as PSG beat Marseille again

Zlatan Ibrahimovic scored twice to help Paris Saint-Germain to a 2-0 win against Marseille in the last 16 of the French Cup on Wednesday as David Beckham made his full debut for his new club. Beckham had an efficient game, and at times excelled, but Swedi
Published 01 Mar, 2013 12:00am
Chelsea sink Boro

Chelsea sink Boro

Holders Chelsea ground out a 2-0 win at second-tier Middlesbrough on Wednesday to set up an FA Cup quarter-final glamour tie at Manchester United. Second-half goals from Ramires and Victor Moses secured victory at the Riverside Stadium as Chelsea bounced
Published 01 Mar, 2013 12:00am
Argentina's Congress approves pact with Iran to probe bombing

Argentina's Congress approves pact with Iran to probe bombing

Argentina's Congress approved early on Thursday an agreement with Iran aimed at resolving the 1994 bombing of a Buenos Aires Jewish community center that Argentine courts have long accused Tehran of sponsoring. Jewish leaders say the pact to set up a "tru
Published 01 Mar, 2013 12:00am
Kenya charges top officials over Tokyo embassy scandal

Kenya charges top officials over Tokyo embassy scandal

The Kenyan foreign ministry's most senior civil servant and two career diplomats were charged on Thursday with abuse of office in a corruption scandal involving the purchase of a Tokyo embassy building at an inflated price. The arrest of Permanent Secreta
Published 01 Mar, 2013 12:00am
UN court acquits Yugoslav army chief on appeal

UN court acquits Yugoslav army chief on appeal

A UN war crimes tribunal on Thursday acquitted Yugoslav ex-army chief Momcilo Perisic on appeal and overturned his 27-year sentence for war crimes and crimes against humanity during the bloody Balkan wars of the 1990s. Judge Theodor Meron of the Internati
Published 01 Mar, 2013 12:00am
Benedict's reign ends with a promise to obey next pope

Benedict's reign ends with a promise to obey next pope

Pope Benedict ended his difficult reign on Thursday pledging unconditional obedience to whoever succeeds him to guide the Roman Catholic Church at one of the most crisis-ridden periods in its 2,000-year history. The papacy became vacant at 8 pm (1900 GMT/
Published 01 Mar, 2013 12:00am
Embraer wins US Air Force deal for Afghan planes

Embraer wins US Air Force deal for Afghan planes

Brazil's Embraer SA won a US Air Force deal on Wednesday to supply 20 light attack planes for counterinsurgency missions in Afghanistan, tightening US-Brazilian defence ties after a politically charged bidding process. Embraer and its privately held partn
Published 01 Mar, 2013 12:00am
Somali president offers amnesty to pirates

Somali president offers amnesty to pirates

Somalia's president has offered an amnesty to young pirates in a bid to end attacks off the Horn of Africa nation's coast as he seeks to rebuild the war-torn country, he told AFP. "We have been negotiating with the pirates indirectly through the elders,"
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
Britain's MoD under fire for 'wasting' £1.5 billion

Britain's MoD under fire for 'wasting' £1.5 billion

Lawmakers slammed Britain's Ministry of Defence on Thursday after it was revealed that between 2009 and 2011 it bought £1.5 billion worth of equipment more than it used. A report by a cross-party committee of MPs identified £3.4 billion ($5.1 billion, 3.9
Published 01 Mar, 2013 12:00am
Scientists find one of Antartica's largest meteorites

Scientists find one of Antartica's largest meteorites

An international team of scientists at Belgium's Antarctica research station has found the largest meteorite in nearly 25 years, helping them to unlock the secrets of our solar system. A statement Thursday said scientists at Belgium's Princess Elisabeth A
Published 01 Mar, 2013 12:00am
British court blocks deportations of dozens of Tamils

British court blocks deportations of dozens of Tamils

Dozens of failed Tamil asylum seekers who were due to be sent back to Sri Lanka on Thursday can stay in Britain after a court blocked their deportation over fears of torture, their lawyers said. The High Court in London blocked the deportations at a last-
Published 01 Mar, 2013 12:00am
Kabul demands control of Afghan militia in three months

Kabul demands control of Afghan militia in three months

President Hamid Karzai on Thursday gave US-led foreign forces three months to transfer control over armed Afghan militias to his government, following allegations of abuses by the militiamen. The move appeared to be a further sign of Kabul's determination
Published 01 Mar, 2013 12:00am
Bombings kill 23 in Baghdad

Bombings kill 23 in Baghdad

Bombings in and around the Iraqi capital, including two car bombs near a football field, killed at least 23 people and wounded more than 60 others on Thursday, security and medical officials said. With the latest violence, more than 210 people have been k
Published 01 Mar, 2013 12:00am
China says US-based hackers attack its military websites

China says US-based hackers attack its military websites

Hackers mainly based in the United States attacked two Chinese military websites including the Defence Ministry page an average of 144,000 times a month last year, the ministry said on Thursday. China's first report of attacks on its websites steps up a w
Published 01 Mar, 2013 12:00am
Canadian exports help trim large current account gap

Canadian exports help trim large current account gap

Canada's current account deficit narrowed in the fourth quarter of 2012 as the country exported more goods to the United States, but the gap remained near record levels and analysts maintained their glum outlook for Canadian economic growth and trade.
Published 01 Mar, 2013 12:00am
Shanghai copper climbs

Shanghai copper climbs

The most-traded June copper contract on the Shanghai Futures Exchange rose 0.14 percent to 57,680 yuan ($9,300) a tonne on Thursday. as the US Federal Reserve reaffirmed its commitment to existing stimulus measures, although physical markets remained quie
Published 01 Mar, 2013 12:00am
Copper slips on weak China demand, mixed US data

Copper slips on weak China demand, mixed US data

Copper lost ground on Thursday after mixed data on the US economy and because metals investors worried about scant demand from top consumer China as well as high inventories. Three-months copper on the London Metal Exchange shed nearly 1 percent to an int
Published 01 Mar, 2013 12:00am
Brent oil rises on improving US data

Brent oil rises on improving US data

Brent crude prices edged up on Thursday as stronger-than-expected US economic data suggested improving demand for oil, also supportive was investor confidence that major central banks would keep working to support the global economy. In a sign of strength
Published 01 Mar, 2013 12:00am
Tokyo rubber rises

Tokyo rubber rises

Key Tokyo rubber futures rose on Thursday on bargain-hunting as share prices rebounded after US Federal Reserve Chairman Ben Bernanke reaffirmed his commitment to strong stimulus measures while concerns eased over political turmoil in Italy. The benchmark
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
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
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
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
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 falls in Europe

Gold falls in Europe

Gold headed towards its longest run of monthly declines in more than 16 years on Thursday, as the dollar edged up versus the euro and signs of moderate economic recovery continued to blunt its appeal to investors. Spot gold fell 0.6 percent to $1,587.66 p
Published 01 Mar, 2013 12:00am
Mali gold output surges

Mali gold output surges

Gold ore production in Mali jumped 15 percent in 2012 to 50.272 tonnes, from 43.5 in 2011, as miners followed through with expansion plans despite a political crisis and a war, the government said on Thursday. Output from Mali's southern gold mines is exp
Published 01 Mar, 2013 12:00am
US MIDDAY: soya rises

US MIDDAY: soya rises

US soyabeans rose 1.4 percent early on Thursday as strong export demand spurred a wave of technical buying, traders said. Soyabean prices, which passed through key technical resistance points at the 30-day, 100-day and 200-day moving averages during Thurs
Published 01 Mar, 2013 12:00am
Report on Building Capacity on Climate Change Adaptation launched

Report on Building Capacity on Climate Change Adaptation launched

WWF - Pakistan launched its Synthesis report on "Building Capacity on Climate Change Adaptation in Coastal Areas of Pakistan" (CCAP) at a local hotel here. This is a European Commission funded project which is being implemented in partnership with LEAD Pa
Published 01 Mar, 2013 12:00am
New issues that add to PIA's woes

New issues that add to PIA's woes

While frequent warnings to Pakistan International Airlines (PIA) on punctuality issues have yet to be tackled with, another serious issue of warning on non-payment has cropped up. These developments are causing concern among the well wishers of PIA who co
Published 01 Mar, 2013 12:00am
CNG stations in Sindh to remain closed today

CNG stations in Sindh to remain closed today

Sui Southern Gas Company has announced the schedule for closure of CNG stations for the current week. According to the media release of SSGC, all the CNG stations in Sindh will remain closed from 08:00 am on March 1 (Friday) till 08:00 am on March 2 (Satu
Published 01 Mar, 2013 12:00am
Szabist's quality enhancement cell achieves highest ranking

Szabist's quality enhancement cell achieves highest ranking

Based on the latest assessment by the Quality Assurance Agency (QAA) of Higher Education Commission (HEC), Szabist's Quality Enhancement Cell has been ranked in the highest category, that is, "W" category. This reflects the excellent performance of the Sz
Published 01 Mar, 2013 12:00am
60 Second Film Festival announces results

60 Second Film Festival announces results

Sixty Second Film Festival - an initiative launched collectively by Morango Films & Duck - was launched back in August 2012 with a call for submissions, and wrapped up on January 31, 2013 with the announcement of the results. From submission of films, to
Published 01 Mar, 2013 12:00am
JI, opposition parties announce 'train march' schedule

JI, opposition parties announce 'train march' schedule

A press briefing in connection of All Parties Train March which is to be scheduled on March 03 from Karachi to Rawalpindi against anomalies in voters' verification was held at Idara-e-Noor Haq here on Thursday.
Published 01 Mar, 2013 12:00am
In defence of democracy

In defence of democracy

Aitzaz Ahsan, who was the keynote speaker at Oxford Union debate, made a very interesting observation about how he looks at his relationship with Pakistan People's Party (PPP). According to him, he can be taken out of PPP but PPP cannot be taken out of hi
Published 01 Mar, 2013 12:00am
Cruel trade hangs over red-list species as treaty turns 40

Cruel trade hangs over red-list species as treaty turns 40

A collection of the bizarre and the cruel is what often greets European customs officers when they open crates to find live turtles from Tunisia, bear gall bladders from Vietnam or the skull of a leopard from Zimbabwe. Importing these animals or animal pa
Published 01 Mar, 2013 12:00am
Italy election punches hole in ECB's euro defences

Italy election punches hole in ECB's euro defences

A dramatic anti-austerity vote leaves Italy lying outside the fortress the European Central Bank constructed around the euro zone last year and vulnerable to a market attack. This week's election leaves slim prospects for a durable, reform-minded governme
Published 01 Mar, 2013 12:00am
Towards TARP-II?

Towards TARP-II?

In the beginning it was tax evasion, and then became rampant corruption and eventually mafias took over, making the FBR irrelevant in most of the sectors-Ali Arshad Hakeem, Chairman FBR.
Published 01 Mar, 2013 12:00am
Nepotism scourge

Nepotism scourge

The recent selection of trade officers in Pakistani missions abroad has been challenged in the Sindh High Court by D L Nash, a joint venture company with French company Duquennoy Et Lepers (DL). The former company is a manufacturer of home furnishings cat
Published 01 Mar, 2013 12:00am
Increase in POL products' prices

Increase in POL products' prices

The government yesterday increased prices of petroleum products in a range between Rs 3.53 and Rs 4.35 per litre. The revised prices will be effective from today. According to a notification issued by the Oil and Gas Regulatory Authority (Ogra) after it o
Published 01 Mar, 2013 12:00am
Banks to receive Hajj applications from March 5

Banks to receive Hajj applications from March 5

Designated branches of banks would start receiving Hajj applications from the intending pilgrims under government scheme from Tuesday (March 5) on first come first serve basis. According to an official, the banks have been directed to stop receiving Hajj
Published 01 Mar, 2013 12:00am
Withdrawal of funds: Supreme Court treats IB chief's reply as classified

Withdrawal of funds: Supreme Court treats IB chief's reply as classified

The Supreme Court on Thursday accepted the plea of Attorney General for Pakistan (AGP) Irfan Qadir to treat the reply as classified, which he submitted on behalf of Intelligence Bureau's Director General Sardar Akhtar Gorchani over alleged withdrawal and
Published 01 Mar, 2013 12:00am
Mushaira to pay tribute to Raaz

Mushaira to pay tribute to Raaz

Urdu forum Nigarshat-e-Pakistan has organised a literary gathering (Mushaira) in honour of Pakistani-American poet Rafiuddin Raaz at Jazib Quraishi's home. The Mushaira was presided over by senior poet Sarwar Javed and the chief guest was Rafiuddin Raaz,
Published 01 Mar, 2013 12:00am
Sweden offers green energy solutions to Pakistan

Sweden offers green energy solutions to Pakistan

A number of energy-generating companies from the public and private sector of Sweden are willing to offer renewable energy solutions to the energy-starved Pakistan. "I am overwhelmed by the great interest shown by the participants here in different Swedis
Published 01 Mar, 2013 12:00am
Nadra producing 40,000 CNICs daily, National Assembly told

Nadra producing 40,000 CNICs daily, National Assembly told

State Minister for Interior Imtiaz Safdar Waraich on Thursday said that National Database and Registration Authority (Nadra) was producing 40,000 Computerised National Identity Cards (CNICs) daily and delivery of the cards was ensured within the due date.
Published 01 Mar, 2013 12:00am
Two MQM men among five killed in Karachi

Two MQM men among five killed in Karachi

At least five people including two Muttahida Qaumi Movement (MQM) activists were killed in different incidents of violence in the city on Thursday, police and rescue sources said. In the first incident, a man was gunned down in Sultanabad area in the limi
Published 01 Mar, 2013 12:00am
CPJ seeks early probe into Mumtaz's murder

CPJ seeks early probe into Mumtaz's murder

The Committee to Protect Journalists (CPJ) - an independent watchdog body - has called on Pakistani authorities to launch an immediate investigation into the murder of Pakistani journalist Malik Mumtaz, who was shot dead in Miranshah on Wednesday. "The de
Published 01 Mar, 2013 12:00am
Four government boys' schools blown up in Mohmand Agency

Four government boys' schools blown up in Mohmand Agency

Some unidentified militants blew up boys' schools at Tehsil Safi of Mohmand Agency on Thursday. According to the locals it was around 2:30 am, when they heard loud blasts. Resultantly, four schools - two government primary and two government middle school
Published 01 Mar, 2013 12:00am
Backlog of passport applications nears 15 million

Backlog of passport applications nears 15 million

The pending backlog of passport applications is hovering near 15 million because of persisting problems in issuance, sources said here on Thursday. Although Interior Minister Rehman Malik had ordered the Directorate of Immigration and Passports to clear t
Published 01 Mar, 2013 12:00am
Swiss team to visit Pakistan to explore investment avenues

Swiss team to visit Pakistan to explore investment avenues

The Ambassador of Switzerland at Islamabad Christophe Bubb has informed that a high level trade delegation of his country will soon visit Pakistan to review the possibility of investment in different sectors. While addressing the members of Hyderabad Cham
Published 01 Mar, 2013 12:00am
From A Ringside Seat: PPP lawmakers mock former colleague

From A Ringside Seat: PPP lawmakers mock former colleague

To earn respect one must show respect to others, the way Pakistan People's Party (PPP) lawmakers mocked a veteran parliamentarian Zafar Ali Shah, an old guard of PPP who has recently joined the PML-N, speaks the lack of decency among the lawmakers on trea
Published 01 Mar, 2013 12:00am
Ebad withdraws resignation, returns home

Ebad withdraws resignation, returns home

Governor Sindh Dr Ishrat ul Ebad arrived back home from Dubai via private airline here in the wee hours of Thursday after Muttahida Qaumi Movement (MQM) Chief Altaf Hussain directed him to withdraw his resignation. Talking to media at Karachi airport, Dr
Published 01 Mar, 2013 12:00am
UAE envoy delivers FM's letter to Hina

UAE envoy delivers FM's letter to Hina

Ambassador of UAE Essa Abdullah Albasha Al-Noaimi called on Foreign Minister Hina Rabbani Khar on Thursday and delivered a letter from the Foreign Minister of UAE His Highness Sheikh Abdullah Bin Zayed Al Nahyan. Foreign Minister Khar thanked the Ambassad
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
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
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
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
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
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
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
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
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
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