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Print - 2013-03-15
Fundamo to launch mobile money network in Pakistan

Fundamo to launch mobile money network in Pakistan

Fundamo, a Visa company and one of the world's largest specialist mobile financial service providers, has been selected by Monet, an independent mobile financial services company, to launch a mobile money network in Pakistan.
Published 15 Mar, 2013 12:00am
New NIT branch opened at Gulshan

New NIT branch opened at Gulshan

NIT, in pursuance of its policy of business through its operational network, has established a new branch at Gulshan-e-Iqbal along with rural pockets. This new branch is located near Samama Shopping Centre at University Road Karachi. Now the total number
Published 15 Mar, 2013 12:00am
Sindh Assembly passes bill to regularise all contractual employees

Sindh Assembly passes bill to regularise all contractual employees

Sindh Assembly on Thursday unanimously passed a bill to regularise all the contract and ad-hoc employees of provincial government departments amid rumpus and concerns by the opposition. Opposition leader of Muttahida Qaumi Movement (MQM) in the provincial
Published 15 Mar, 2013 12:00am
SIUT holds awareness programme

SIUT holds awareness programme

The World Kidney Day is organised all over the world to spread awareness on kidney diseases. This year the theme is "Kidneys for Life - Stop Acute Kidney Injury." Sindh Institute of Urology and Transplantation (SIUT) Pakistan organised the event on Thursd
Published 15 Mar, 2013 12:00am
Nasira Zuberi's book 'Kaanch Ka Chiragh' lauded

Nasira Zuberi's book 'Kaanch Ka Chiragh' lauded

Nasira Zuberi's book "Kaanch Ka Chiragh" was appreciated by the writers and poets here on Thursday at a function organised to pay tribute to the poet's creative ability. The chief guest of the ceremony was Agha Nasir, which was presided over by Iftikhar A
Published 15 Mar, 2013 12:00am
HRCP condemns Parveen's murder

HRCP condemns Parveen's murder

Human Rights Commission of Pakistan (HRCP) has strongly condemned the brutal murder of the Director, Orangi Pilot Project (OPP) Parveen Rehman and has called upon all Pakistani citizens who care for freedom, justice and human rights to stand up against th
Published 15 Mar, 2013 12:00am
Girls' education must for nation building: minister

Girls' education must for nation building: minister

Senior Minister Sindh for Education Pir Mazharul Haq stressed upon the girls education which according to him essential for nation building. He said that he tried his best to bring improvement in educational system. He was speaking at the opening ceremony
Published 15 Mar, 2013 12:00am
Call for empowering women to achieving economic stability

Call for empowering women to achieving economic stability

Speakers at the inaugural session of International Women's Day Conference called for empowering the women in order to achieve economic stability. They also called for eliminating violence and harassment in society through women empowerment.
Published 15 Mar, 2013 12:00am
PYMA asks FBR to withdraw SRO

PYMA asks FBR to withdraw SRO

Chairman, Pakistan Yarn Merchants Association (PYMA), M Iqbal Mandvia and members of the association have urged the chairman Federal Board of Revenue (FBR) and ministry of commerce to withdraw SRO212(1)2013. The FBR has contended that the sprit of the SRO
Published 15 Mar, 2013 12:00am
Senate panel irked by huge backlog of passport applications

Senate panel irked by huge backlog of passport applications

The Senate's Standing Committee on Interior and Narcotics Control on Thursday expressed anger over the huge backlog of passport applications and moved a privilege motion against the secretary of the Ministry of Interior and Director-General (DG) of Immigr
Published 15 Mar, 2013 12:00am
27th CACCI conference kicks off in Philippines

27th CACCI conference kicks off in Philippines

Major stakeholders of both the government and business organisations shall lead the opening ceremony of the 27th CACCI Conference being held on 15th March 2013 at Cebu city of Philippines, under the theme "Asia Pacific: Catalyst to Global Recovery". Rene
Published 15 Mar, 2013 12:00am
Government urged to allot Hajj quota to all newly enrolled companies

Government urged to allot Hajj quota to all newly enrolled companies

The Action Committee of Affectees of Hajj Quota Welfare Association Pakistan has urged the government to announce giving Hajj quota to all newly enrolled companies. The demand was made during a meeting of the action committee of the association held under
Published 15 Mar, 2013 12:00am
Pemra takes action against cable operators

Pemra takes action against cable operators

Pakistan Electronic Media Regulatory Authority (Pemra) in a recent enforcement bid against violating cable TV operators in Faisalabad and vicinities took action against cable TV operators who despite repeated warnings were involved in relaying proscribed/
Published 15 Mar, 2013 12:00am
Fata Reforms body concerned at non-implementation of recommendations

Fata Reforms body concerned at non-implementation of recommendations

Political Parties Joint Committee on Fata Reforms on Thursday expressed concerns over the non-implementation of five key recommendations presented by the committee in December 2012 and invited urgent attention of Election Commission of Pakistan (ECP) to i
Published 15 Mar, 2013 12:00am
Sindh Bank announces Hajj policy for employees

Sindh Bank announces Hajj policy for employees

A meeting of Sindh Bank's Board HR Committee was held on March 12, at Finance Department, Government of Sindh, under the chairmanship of Afzal Ghani, Director and attended by members, Naveed Kamran Baloch, Secretary Finance, Government of Sindh and Muhamm
Published 15 Mar, 2013 12:00am
EVP Lafarge visits Pakistan

EVP Lafarge visits Pakistan

Peter James Hoddinott, Executive Vice President of Energy and Strategic Sourcing at Lafarge, visited Pakistan to review the country's potential as a major exporter for raw and finished materials. The EVP commended Lafarge's local team on upholding the org
Published 15 Mar, 2013 12:00am
Smuggled vehicles: CCP opposes FBR's amnesty scheme

Smuggled vehicles: CCP opposes FBR's amnesty scheme

The Competition Commission of Pakistan (CCP) has strongly opposed the amnesty scheme of the Federal Board of Revenue (FBR) introduced to legalise only the non-duty paid smuggled vehicles. Sources told Business Recorder here on Wednesday that CCP ha
Published 15 Mar, 2013 12:00am
Lal Masjid operation: team leaves for London to record Aziz's statement

Lal Masjid operation: team leaves for London to record Aziz's statement

The commission, probing the Lal Masjid Operation of 2007, Thursday left for London to record the statement of former Prime Minister Shaukat Aziz through a video link, as Aziz refused to come to Pakistan due to security concerns. The one-member commission
Published 15 Mar, 2013 12:00am
'No clue' of kidnapped Western tourists

'No clue' of kidnapped Western tourists

Security forces Thursday had no clue to the whereabouts of two Czech women abducted in Balochistan despite an extensive search, a senior official said. The women, who apparently crossed into Pakistan from Iran on holiday, were taken at gunpoint on Wednesd
Published 15 Mar, 2013 12:00am
Insurance firms barred from appointing unqualified agents

Insurance firms barred from appointing unqualified agents

Securities and Exchange Commission of Pakistan (SECP) has directed all insurance companies to make it mandatory that no person will be appointed as an insurance agent, unless he has minimum prescribed qualification and completes the respective foundation
Published 15 Mar, 2013 12:00am
Insurance firms barred from appointing unqualified agents

Insurance firms barred from appointing unqualified agents

Securities and Exchange Commission of Pakistan (SECP) has directed all insurance companies to make it mandatory that no person will be appointed as an insurance agent, unless he has minimum prescribed qualification and completes the respective foundation
Published 15 Mar, 2013 12:00am
Faisal's death: hearing adjourned to March 26

Faisal's death: hearing adjourned to March 26

A three-member Supreme Court bench headed by Justice Jawwad S Khawaja on Thursday adjourned the hearing of Kamran Faisal death case after Punjab Forensic Science Laboratory submitted its report in the matter. Faisal, the National Accountably Bureau (NAB),
Published 15 Mar, 2013 12:00am
US envoy, Khyber Pakhtunkhwa governor celebrate Swat economic turnaround

US envoy, Khyber Pakhtunkhwa governor celebrate Swat economic turnaround

US Ambassador Richard Olson and Governor Khyber Pakhtunkhwa Shaukatullah Khan on Thursday joined the business owners to celebrate the dramatic economic turnaround of Swat Valley with the support of US Agency for International Development (USAID). Olson sa
Published 15 Mar, 2013 12:00am
Government seeks to amend NAB law

Government seeks to amend NAB law

The Federal Cabinet has approved either to amend prevalent National Accountability Bureau (NAB) Ordinance 1999 or promulgate new law to contain "arbitrary" powers of Chairman NAB, official documents available with Business Recorder reveal.
Published 15 Mar, 2013 12:00am
PEF issues free study vouchers up to Matric level

PEF issues free study vouchers up to Matric level

The Punjab Education Foundation (PEF) issued education vouchers to 140,000 deserving male and female students to help them study free of cost in schools of their choice up to Matric level in Punjab. Chairman Punjab Education Foundation, Raja Anwar, stated
Published 15 Mar, 2013 12:00am
Draft policy for pricing pharma products prepared

Draft policy for pricing pharma products prepared

The National Regulation and Services (NRS), Secretary Imtiaz Inayat Elahi informed that a draft policy was prepared regarding pricing pharmaceutical products. This, he stated while talking to business community during his visit to Sarhad Chamber of Commer
Published 15 Mar, 2013 12:00am
Badamibagh incident: chief minister Punjab reviews rehabilitation work

Badamibagh incident: chief minister Punjab reviews rehabilitation work

Punjab Chief Minister Shahbaz Sharif has said that burning of houses of Christian brethren by anti-social elements in Joseph Colony is an inhuman and reprehensible act, which has damaged the image of the country at international level. He said that Punjab
Published 15 Mar, 2013 12:00am
SCCI to set up Kidney health centre for poor patients

SCCI to set up Kidney health centre for poor patients

President Sialkot Chamber of Commerce and Industry (SCCI) Sheikh Abdul Majid announced the setting up of "Kidney Health Centre" at Sialkot Chamber to facilitate the poor segment of the society. In a press statement issued on Thursday evening he said that
Published 15 Mar, 2013 12:00am
Sheikh Waqas Akram joins PML-N

Sheikh Waqas Akram joins PML-N

Pakistan Muslim League-Q (PML-Q) has to face another political set back, as PML-Q leader and close aide of Chaudhry brothers-Federal Minister Sheikh Waqas Akram Thursday announced to join Pakistan Muslim League-N along with his family members and thousand
Published 15 Mar, 2013 12:00am
Petition adjourned

Petition adjourned

The Lahore High Court (LHC) here on Thursday adjourned hearing of a petition to March 15 challenging appointments made by Punjab Assembly (PA) Speaker Rana Muhammad Iqbal. Some employees of the PA moved the petition by submitting that speaker was appointi
Published 15 Mar, 2013 12:00am
Khalid Rai assumes additional charge of MD NTDCL

Khalid Rai assumes additional charge of MD NTDCL

Khalid Hussain Rai has assumed the additional charge of Managing Director National Transmission and Dispatch Company Limited (NTDCL). According to Director Media and PR, NTDCL, Lieutenant Colonel Rana Sajjad Ahmad Khan (Retd), Rai will also continue his d
Published 15 Mar, 2013 12:00am
Khalid Rai assumes additional charge of MD NTDCL

Khalid Rai assumes additional charge of MD NTDCL

Khalid Hussain Rai has assumed the additional charge of Managing Director National Transmission and Dispatch Company Limited (NTDCL). According to Director Media and PR, NTDCL, Lieutenant Colonel Rana Sajjad Ahmad Khan (Retd), Rai will also continue his d
Published 15 Mar, 2013 12:00am
Passport department's poor performance slammed

Passport department's poor performance slammed

Deputy Secretary General, Jamaat e Islami, Dr Farid Ahmed Piracha, has decried the poor working of the Passport department causing numerous problems and hardships to the public. He said that passport was the basic right and an important need of the citize
Published 15 Mar, 2013 12:00am
World Kidney Day observed

World Kidney Day observed

World Kidney Day-2013 marked here on Thursday like in other parts of the country and rest of the world with a renewed pledge to continue efforts for creation of a healthy society by raising awareness among public about harmful effects of diseases. To mark
Published 15 Mar, 2013 12:00am
Revamping of MIDC, Institute for Surgical Technology in full swing

Revamping of MIDC, Institute for Surgical Technology in full swing

The development work of Institute for Surgical Technology and revamping of Metal Industry Development Centre Sialkot (MIDC) costing Rs 391.281 million is in full swing the double-storey building of institute has already been completed.
Published 15 Mar, 2013 12:00am
PML-L to contest election as PML-N ally: Arbab

PML-L to contest election as PML-N ally: Arbab

President Pakistan Muslim League-Likeminded Dr Arbab Ghulam Rahim has demanded accountability of the incumbent rulers before the forthcoming general election in the country. The former Sindh chief minister, who had landed in Lahore on Wednesday after endi
Published 15 Mar, 2013 12:00am
Pakistan qualifies for GSP Plus status, says EU envoy

Pakistan qualifies for GSP Plus status, says EU envoy

Lars-Gunnar Wigemark, Ambassador of the European Union, said that as per new EU regulations, Pakistan qualifies for GSP Plus status but to get the status it would have to submit an application to the EU Commission in Brussels. The EU Ambassador was speaki
Published 15 Mar, 2013 12:00am
Iran gas pipeline good omen for peace, cooperation: Hina

Iran gas pipeline good omen for peace, cooperation: Hina

Foreign Minister Hina Rabbani Khar on Thursday declared that the recent launch of Iran-Pakistan gas pipeline project will be a good omen for peace and co-operation, and made it clear that the only force that defines the country's foreign policy is the nat
Published 15 Mar, 2013 12:00am
Zardari felicitates China's new President

Zardari felicitates China's new President

President Asif Ali Zardari on Thursday congratulated the newly elected President of China, Xi Jinping. In his felicitation message, President Zardari said the confidence reposed in Xi Jinping's leadership by the National People's Congress was a testament
Published 15 Mar, 2013 12:00am
Senate passes Anti-Terrorism Amendment Bill

Senate passes Anti-Terrorism Amendment Bill

The Senate on Thursday unanimously passed 'The Anti-Terrorism Amendment Bill of 2013', paving the way for law-enforcement agencies to take action against financiers of terrorism and elements who benefit from the proceeds of such acts. The bill, tabled by
Published 15 Mar, 2013 12:00am
Senate passes Anti-Terrorism Amendment Bill

Senate passes Anti-Terrorism Amendment Bill

The Senate on Thursday unanimously passed 'The Anti-Terrorism Amendment Bill of 2013', paving the way for law-enforcement agencies to take action against financiers of terrorism and elements who benefit from the proceeds of such acts. The bill, tabled by
Published 15 Mar, 2013 12:00am
Resolution on Benazir

Resolution on Benazir

The National Assembly on Thursday unanimously passed a resolution paying rich tributes to the enduring sacrifices of Benazir Bhutto and her services for the welfare of the people of Pakistan. The resolution was moved by Benazir Income Support Programme Ch
Published 15 Mar, 2013 12:00am
President signs 'Federal Ombudsmen Institutional Reforms Bill' into law

President signs 'Federal Ombudsmen Institutional Reforms Bill' into law

President Asif Ali Zardari on Thursday signed 'The Federal Ombudsmen Institutional Reforms Bill, 2013' into law which further ensures expeditious disposal of complaints of the citizens and streamlining the procedure for representation against the decision
Published 15 Mar, 2013 12:00am
President signs 'Federal Ombudsmen Institutional Reforms Bill' into law

President signs 'Federal Ombudsmen Institutional Reforms Bill' into law

President Asif Ali Zardari on Thursday signed 'The Federal Ombudsmen Institutional Reforms Bill, 2013' into law which further ensures expeditious disposal of complaints of the citizens and streamlining the procedure for representation against the decision
Published 15 Mar, 2013 12:00am
National Assembly adopts resolution supporting Kashmiris' struggle

National Assembly adopts resolution supporting Kashmiris' struggle

The National Assembly Thursday unanimously passed a resolution supporting struggle of Kashmiris for their right to self-determination. The resolution says that Pakistan will continue its political‚ diplomatic and moral support to Kashmiris in their just s
Published 15 Mar, 2013 12:00am
Parliamentarians shared blessings with each other

Parliamentarians shared blessings with each other

At a time when country is facing several challenges--deteriorating law and order, crippling economy, unemployment, energy crisis and increasing ratio of poverty, parliamentarians across the divide congratulated each other on Thursday on the completion of
Published 15 Mar, 2013 12:00am
SECP launches web consultation forum

SECP launches web consultation forum

The Securities and Exchange Commission of Pakistan (SECP) has launched web consultation forum aims to achieve border consultation of public at large and stakeholders over the SECP's proposed regulations, policies and initiatives.
Published 15 Mar, 2013 12:00am
Lawmakers laud completion of parliament's tenure

Lawmakers laud completion of parliament's tenure

Members of the National Assembly on Thursday lauded the completion of the five-year parliamentary term and appreciated the role of both the opposition and ruling parties and vowed to strengthen the democratic process. The House suspended the routine agend
Published 15 Mar, 2013 12:00am
Aizaz Ahmad Chaudhry new FO spokesman

Aizaz Ahmad Chaudhry new FO spokesman

Aizaz Ahmad Chaudhry Thursday took over as Foreign Office's new spokesman, as his predecessor Moazzam Ahmad Khan has been posted as Pakistan Deputy Permanent Representative (DPR) in the United Nations headquarters in New York.
Published 15 Mar, 2013 12:00am
India imposes curfew across held Kashmir

India imposes curfew across held Kashmir

Curfew and strict restrictions have been imposed by Indian authorities in occupied Srinagar and other parts of the valley on Thursday to prevent protests against the killing of a 22-year-old civilian by Indian paramilitary forces on Wednesday.
Published 15 Mar, 2013 12:00am
National Assembly offers Fateha for Parveen Rehman

National Assembly offers Fateha for Parveen Rehman

The Lower House of the Parliament on Thursday offered Fateha for the departed soul of the Director of Orangi Pilot Project Parveen Rehman who was gunned down yesterday in Karachi. Maulvi Asmatullah led the Fateha on the request of Speaker National Assembl
Published 15 Mar, 2013 12:00am
No secret cell set up in ECP

No secret cell set up in ECP

No secret cell has been established in the Election Commission of Pakistan (ECP) to monitor the activities of political parties round-the-clock as the Commission has neither the manpower nor the capacity to engage in such activity, an official of ECP told
Published 15 Mar, 2013 12:00am
Rangers arrest 29 suspects during targeted operation

Rangers arrest 29 suspects during targeted operation

Rangers on Thursday arrested 29 suspects including three activists of banned outfits during targeted operations in various localities of the city and recovered 32 weapons from their possession. According to Rangers spokesman, Rangers conducted targeted op
Published 15 Mar, 2013 12:00am
Banking industry: 'MFBs playing vital role in growth and uplift'

Banking industry: 'MFBs playing vital role in growth and uplift'

Microfinance banks are playing a vital role in the growth and development of the banking industry by extending banking services to unbanked masses. Addressing 6th International Conference on "Mobile Commerce" here on Thursday, President and Chief Executiv
Published 15 Mar, 2013 12:00am
Seven more killed in Karachi

Seven more killed in Karachi

At least seven persons were reportedly killed in different incidents of violence in the city on Thursday. A man named Nadeem, 36, was gunned down in Sector 7-D of Surjani Town. Three more people were critically injured in the same firing incident. Police
Published 15 Mar, 2013 12:00am
Church pulls a surprise with choice of humble pope

Church pulls a surprise with choice of humble pope

Catholic papal elections are notoriously difficult to predict. The process that saw Jorge Mario Bergoglio emerge as Pope Francis, the first-ever pontiff from the Americas, was no exception. The Vatican conclave of 115 cardinal electors confounded the expe
Published 15 Mar, 2013 12:00am
The Weather

The Weather

The weather report on Thursday (March 14, 2013) and the forecast for Friday (March 15, 2013).

Published 15 Mar, 2013 12:00am
Haseeb Ahsan

Haseeb Ahsan

Haseeb Ahsan, a former Test cricketer of Pakistan, passed away in Karachi at the age of 73 (March 9). Haseeb represented Pakistan in 12 Test matches between 1958 and 1962. Later, he served as chief selector, Director World Cup Committee 1987, and the mana
Published 15 Mar, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (March 14, 2013).

Published 15 Mar, 2013 12:00am
Latvia presses for euro despite unease among population

Latvia presses for euro despite unease among population

Latvia is looking to exchange its lats for euros starting in 2014 as the small Baltic nation last week officially submitted its bid to become the 18th member of the eurozone. If the European Commission and the European Central Bank give the green light, L
Published 15 Mar, 2013 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 15 Mar, 2013 12:00am
Are we that helpless?

Are we that helpless?

"If you think of yourselves as helpless and ineffectual, it is certain that you will create a despotic government to be your master. The wise despot, therefore, maintains among his subjects a popular sense that they are helpless and ineffectual"-Franklin
Published 15 Mar, 2013 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 15 Mar, 2013 12:00am
Cost of living doubles

Cost of living doubles

A random survey carried out by a section of the Press has brought a rather disturbing statistic to the forefront: the doubling of the cost of living. The survey noted the rise in prices of key consumer items and used that as a yardstick to reach this conc
Published 15 Mar, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (March 14, 2013).

Published 15 Mar, 2013 12:00am
An effective terror law at last!

An effective terror law at last!

Undoubtedly, of all the challenges confronted by the outgoing government during its five-year tenure the most formidable was terrorism. The countrywide incidence of terrorism remained largely unchecked and woefully uncontrolled; in fact on the other hand
Published 15 Mar, 2013 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (March 14, 2013) and for Friday (March 15, 2013).
Published 15 Mar, 2013 12:00am
Wheat sale process: court order set aside

Wheat sale process: court order set aside

A division bench of Lahore High Court here on Thursday set aside an order of a single bench wherein the sale process of 400,000 metric tons of wheat by Passco was annulled. Socio Legal Anchors Foundation had challenged the wheat sale and got a favourable
Published 15 Mar, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (March 14, 2013).

Published 15 Mar, 2013 12:00am
Wheat sale process: court order set aside

Wheat sale process: court order set aside

A division bench of Lahore High Court here on Thursday set aside an order of a single bench wherein the sale process of 400,000 metric tons of wheat by Passco was annulled. Socio Legal Anchors Foundation had challenged the wheat sale and got a favourable
Published 15 Mar, 2013 12:00am
Wheat sale process: court order set aside

Wheat sale process: court order set aside

A division bench of Lahore High Court here on Thursday set aside an order of a single bench wherein the sale process of 400,000 metric tons of wheat by Passco was annulled. Socio Legal Anchors Foundation had challenged the wheat sale and got a favourable
Published 15 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 (March 14, 2013).

Published 15 Mar, 2013 12:00am
Asia will make up majority of world''s middle class by 2030: UN

Asia will make up majority of world''s middle class by 2030: UN

As hundreds of millions people are lifted from poverty in developing countries, the Asia-Pacific region will be home to two-thirds of the world''s middle class by 2030, according to the 2012 Human Development Report published Thursday. The report by the U
Published 15 Mar, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 14, 2013).

Published 15 Mar, 2013 12:00am
Asia will make up majority of world's middle class by 2030: UN

Asia will make up majority of world's middle class by 2030: UN

As hundreds of millions people are lifted from poverty in developing countries, the Asia-Pacific region will be home to two-thirds of the world's middle class by 2030, according to the 2012 Human Development Report published Thursday. The report by the Un
Published 15 Mar, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 14, 2013).

Published 15 Mar, 2013 12:00am
Asia will make up majority of world's middle class by 2030: UN

Asia will make up majority of world's middle class by 2030: UN

As hundreds of millions people are lifted from poverty in developing countries, the Asia-Pacific region will be home to two-thirds of the world's middle class by 2030, according to the 2012 Human Development Report published Thursday. The report by the Un
Published 15 Mar, 2013 12:00am
Used cars: as rupee weakens prices soar

Used cars: as rupee weakens prices soar

Used car dealers are making hay while the sun shines. Taking advantage of rupee depreciation, they are making huge profits by increasing the prices of old imported used cars up to 10 percent. According to a survey conducted in the last two weeks, it has b
Published 15 Mar, 2013 12:00am
Used cars: as rupee weakens prices soar

Used cars: as rupee weakens prices soar

Used car dealers are making hay while the sun shines. Taking advantage of rupee depreciation, they are making huge profits by increasing the prices of old imported used cars up to 10 percent. According to a survey conducted in the last two weeks, it has b
Published 15 Mar, 2013 12:00am
THE RUPEE: rates move both ways

THE RUPEE: rates move both ways

The rupee-dollar parity rates moved both ways in relation to the dollar on the currency market on Thursday, dealers said. The rupee shed three paisa in terms of the dollar, shedding three paisa for buying at 97.92 and 97.95, experts said.
Published 15 Mar, 2013 12:00am
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