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Mar 07, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-03-03
Hamilton makes mark as Red Bull struggle

Hamilton makes mark as Red Bull struggle

Former world champion Lewis Hamilton will head for the season-opening Australian Grand Prix in two weeks' time installed as an early title favourite after topping testing in Bahrain on Sunday. The 2008 champion took his Mercedes to 1min 33.278sec having p
Published 03 Mar, 2014 12:00am
Guardiola on track for title in record time

Guardiola on track for title in record time

Bayern Munich coach Pep Guardiola is set to scoop his first German title in record time later this month after the Bundesliga holders opened a 20-point lead on Saturday. Arjen Robben hit a hat-trick as Bayern romped to a 5-1 home win over Schalke 04 to eq
Published 03 Mar, 2014 12:00am
Rabobank sees profits sag on back of Libor scandal

Rabobank sees profits sag on back of Libor scandal

Dutch bank Rabobank reported on February 27 a 2.0-percent drop in net profit for 2013, hit by a massive fine relating to the Libor rate-fixing scandal and the weak Dutch real estate market. Net profit fell by 46 million euros to 2.01 billion euros ($2.74
Published 03 Mar, 2014 12:00am
GE payment to Japanese bank hits earnings

GE payment to Japanese bank hits earnings

General Electric said on February 26 it would pay $1.7 billion to Japan's Shinsei Bank to resolve possible claims from the 2008 sale of its Japanese consumer finance business to Shinsei. GE said the payment would reduce its fourth-quarter and full-year ne
Published 03 Mar, 2014 12:00am
GE payment to Japanese bank hits earnings

GE payment to Japanese bank hits earnings

General Electric said on February 26 it would pay $1.7 billion to Japan's Shinsei Bank to resolve possible claims from the 2008 sale of its Japanese consumer finance business to Shinsei. GE said the payment would reduce its fourth-quarter and full-year ne
Published 03 Mar, 2014 12:00am
Telekom Austria freezes dividend for third year

Telekom Austria freezes dividend for third year

Telekom Austria said it would freeze its dividend for the third year in a row, as sales and profits fell sharply in the fourth quarter due to tough competition in its main markets. The company, expected to be the target of a take-over bid by Carlos Slim's
Published 03 Mar, 2014 12:00am
Telekom Austria freezes dividend for third year

Telekom Austria freezes dividend for third year

Telekom Austria said it would freeze its dividend for the third year in a row, as sales and profits fell sharply in the fourth quarter due to tough competition in its main markets. The company, expected to be the target of a take-over bid by Carlos Slim's
Published 03 Mar, 2014 12:00am
Bayer says take-over offer for Algeta successful

Bayer says take-over offer for Algeta successful

Bayer has clinched a $2.9 billion deal to take over Algeta after being tendered 97.28 percent of the shares in the Norwegian cancer drug maker, the German drug firm said on February 26. Bayer said the transfer of shares to Bayer and the payment of the off
Published 03 Mar, 2014 12:00am
Global investors look to equities in 2014: survey

Global investors look to equities in 2014: survey

Global investors plan to buy more equities in 2014 in the hunt for higher returns, a survey showed on February 26, although some fear they could be crimped by increased taxes, rising inflation and a slowdown in the economic recovery. While Wall Street saw
Published 03 Mar, 2014 12:00am
Global investors look to equities in 2014: survey

Global investors look to equities in 2014: survey

Global investors plan to buy more equities in 2014 in the hunt for higher returns, a survey showed on February 26, although some fear they could be crimped by increased taxes, rising inflation and a slowdown in the economic recovery. While Wall Street saw
Published 03 Mar, 2014 12:00am
Airbus faces tough battles over A330 longevity plan

Airbus faces tough battles over A330 longevity plan

As Airbus races through flight testing of its newest plane, the next-generation A350, Europe's planemaker faces growing battles to secure a future for the A330, until now its only truly lucrative wide-body jet. Twenty years after it entered service, the 2
Published 03 Mar, 2014 12:00am
Vivendi reports profit leap for 2013

Vivendi reports profit leap for 2013

Media and telecom group Vivendi reported a profit leap for 2013 on February 25 but this was boosted by an asset sale, and the troubled SFR mobile-phone unit held the results back. Net profit rose 11-fold for the 2012 figure to 1.967 billion euros ($2.7 bi
Published 03 Mar, 2014 12:00am
Barclays pulls down shutters on European, US power trading desks

Barclays pulls down shutters on European, US power trading desks

Britain's Barclays Plc said on February 25 it has closed its power trading desks in London and New York, joining a string of global investment banks that are paring down their commodity market activities as increased regulations bite.
Published 03 Mar, 2014 12:00am
Toilet in the kitchen: Website showcases bad property adverts

Toilet in the kitchen: Website showcases bad property adverts

Home owners and estate agents trying to sell houses usually try to show the properties in the best possible light, but there are exceptions that prove the rule. Some advertisements are so terrible that they're funny.
Published 03 Mar, 2014 12:00am
Setting a warning limit for data on Android

Setting a warning limit for data on Android

A "flat rate" for smartphones does not really offer unlimited surfing: instead there's a certain data limit. If this limit is exceeded the data-transfer speed drops significantly. To avoid unpleasant surprises, Android users should set up an alert under s
Published 03 Mar, 2014 12:00am
Firefox browser to show adverts in future

Firefox browser to show adverts in future

Mozilla plans to display advertising in its Firefox browser. The ads will be shown on the blank page that first-time Firefox users see when they open a new tab, the foundation said. The new feature, known as Directory Tiles, will show tiles on this previo
Published 03 Mar, 2014 12:00am
Facebook throws in towel on email

Facebook throws in towel on email

Facebook, after unsuccessfully trying to get its users on its own email system, has thrown in the towel. The social networking giant told AFP by email that it was giving up on email "because most people haven't been using their Facebook email address, and
Published 03 Mar, 2014 12:00am
Japan researchers testing tiny ear computer

Japan researchers testing tiny ear computer

A tiny personal computer that is worn on the ear and can be controlled with the blink of an eye or the click of a tongue is being tested in Japan. The 17-gram (0.59-ounce) wireless device has bluetooth capability and is equipped with a GPS, compass, gyro-
Published 03 Mar, 2014 12:00am
Firefox aims at powering $25 smartphone

Firefox aims at powering $25 smartphone

Firefox OS, an upstart smartphone operating system aimed at challenging the Apple and Google duopoly, will power a new category of $25 smartphones for developing countries, the California-based non-profit Mozilla Foundation said Sunday.
Published 03 Mar, 2014 12:00am
Global smartphone growth to fall sharply in 2014: IDC

Global smartphone growth to fall sharply in 2014: IDC

Growth in global smartphone shipments will fall sharply this year and keep slowing through 2018, with average prices dropping significantly as demand shifts to China and other developing countries, according to market research firm IDC. Annual growth in 2
Published 03 Mar, 2014 12:00am
Researchers use Twitter & Facebook to predict depression

Researchers use Twitter & Facebook to predict depression

US scientists have discovered that a pregnant woman's Twitter and Facebook timelines are a reliable indicator of whether she will plunge into depression after giving birth. The researchers looked into what women wrote via social networks and the moods the
Published 03 Mar, 2014 12:00am
End of the road for Windows XP

End of the road for Windows XP

Microsoft's longest serving operating system, Windows XP, will be retired on April 8. After more than 12 years in service the operating system won't receive any more security updates after that. Microsoft's support for customers going through a last-minut
Published 03 Mar, 2014 12:00am
Boeing offering 'black phone' for secure communications

Boeing offering 'black phone' for secure communications

Boeing Co said on Wednesday it has begun offering a specialised mobile phone aimed at government agencies and contractors who need to keep communication and data secure. The Boeing Black Smartphone is based on Google Inc's Android operating system and bui
Published 03 Mar, 2014 12:00am
Smart watches, bracelets: the new mobile phenomenon

Smart watches, bracelets: the new mobile phenomenon

Smartphone-connected watches and bracelets have emerged as the technological phenomenon for 2014 as manufacturers rush for new sources of revenues. At the industry's biggest annual fair, the February 23-27 World Mobile Congress in Barcelona, Spain, player
Published 03 Mar, 2014 12:00am
Wind farms can tame hurricanes

Wind farms can tame hurricanes

Huge offshore wind farms can protect vulnerable coastal cities against devastating cyclones like Katrina and Sandy by tempering winds and ocean surges before they reach land, a study said on February 26. Had such installations existed at the time, Hurrica
Published 03 Mar, 2014 12:00am
WHO sees risk of obesity becoming the new norm in Europe

WHO sees risk of obesity becoming the new norm in Europe

Being overweight is so common in Europe that it risks becoming "the new norm", with around a third of teenagers now heavier than is recommended for their health, the World Health Organisation (WHO) said on February 24. In a report on obesity levels in the
Published 03 Mar, 2014 12:00am
Camels likely source of MERS virus in people

Camels likely source of MERS virus in people

A respiratory virus that has killed dozens of people, mainly in the Middle East, is widespread in camels and may be jumping directly from camels to humans, said a study on February 25. Called Middle East Respiratory Syndrome, or MERS, it has killed 79 of
Published 03 Mar, 2014 12:00am
Revealed: how malaria parasite beats top insecticides

Revealed: how malaria parasite beats top insecticides

Gene detectives on February 25 said they had discovered how the parasite that causes malaria becomes resistant to DDT and to insecticides used in anti-malaria bednets. The secret lies in just one change in the DNA code on a single gene, they said. A singe
Published 03 Mar, 2014 12:00am
NASA cries planetary 'bonanza' with 715 new worlds

NASA cries planetary 'bonanza' with 715 new worlds

NASA on February 26 announced a torrent of new planet discoveries, hailing a "bonanza" of 715 worlds now known outside the solar system thanks to the Kepler space telescope's planet-hunting mission. A new method for verifying potential planets led to the
Published 03 Mar, 2014 12:00am
Overworked nurses linked to higher death rates

Overworked nurses linked to higher death rates

Investigations in nine European countries have given statistical backing to claims that patients' lives may be at risk when nurses are overworked, specialists said on February 26. Published in The Lancet, the study touches on a sensitive topic in countrie
Published 03 Mar, 2014 12:00am
US and British science academies say climate change is real

US and British science academies say climate change is real

US and British scientific academies said on February 26 there was a clear consensus that climate change is real and will have serious disruptive effects on the planet. The US National Academy of Sciences and Britain's Royal Society said they were making t
Published 03 Mar, 2014 12:00am
Polio-like disease found in California children

Polio-like disease found in California children

A rare, polio-like syndrome that has no known cure has emerged in a small number of children in California, US researchers said on February 24. Five cases of sudden onset paralysis were described by Stanford University experts at the American Academy of N
Published 03 Mar, 2014 12:00am
FBR to establish performance, integrity management unit

FBR to establish performance, integrity management unit

The Federal Board of Revenue (FBR) has decided to establish a separate department ie Performance and Integrity Management Unit at FBR Headquarters with the mandate to identify corrupt tax officials by assessing integrity and performance of all employees i
Published 03 Mar, 2014 12:00am
Balochistan coast key to country's economic future: Mushahid

Balochistan coast key to country's economic future: Mushahid

Senate National Defence Committee Chairman Mushahid Hussain Sayed said on Sunday that Pakistan's economic future lay in development of the Balochistan coast, particularly the port of Gwadar. He urged the government to strengthen and upgrade Pakistan Navy,
Published 03 Mar, 2014 12:00am
Hacker of Swat Bakht Mand dies

Hacker of Swat Bakht Mand dies

A young hacker of Swat Bakht Mand died of cardiac arrest late on Saturday night. He was rushed to Saidu Sharif Hospital for emergency treatment, but he could not survive. Young Bakht Mand who was thirty years old had left two children and a widow to mourn
Published 03 Mar, 2014 12:00am
ATC verdict in Wali Babar case hailed

ATC verdict in Wali Babar case hailed

Freedom Network (FN) has welcomed the verdict of an anti-terrorism court in Sindh province convicting six murderers of the private news channel reporter Wali Khan Babar. "The court's verdict is a move in right direction. We hope pending cases of other kil
Published 03 Mar, 2014 12:00am
PTI stresses FBR's financial, administrative autonomy

PTI stresses FBR's financial, administrative autonomy

Pakistan Tehreek-e-Insaf (PIT) has strongly proposed financial and administrative autonomy of the Federal Board of Revenue (FBR) to minimise political interference in the tax machinery, empowered to take action against tax evaders, un-registered persons a
Published 03 Mar, 2014 12:00am
Minister for providing essential items at affordable prices

Minister for providing essential items at affordable prices

Provincial Minister for Food, and Chairman Price Control Committee Punjab Bilal Yasin has said the government is aiming to provide essential items to the masses at affordable rates throughout the province. He said the instructions had been issued to distr
Published 03 Mar, 2014 12:00am
IPA demands special package for heirs of martyred cops

IPA demands special package for heirs of martyred cops

International Police Association (Pakistan Chapter) has adopted a resolution demanding special packages for the heirs of policemen who embraced martyrdom in the line of duty for their fellow countrymen. The resolution was unanimously approved in the meeti
Published 03 Mar, 2014 12:00am
PAJCCI organises WeBOC training on Afghan Transit Trade

PAJCCI organises WeBOC training on Afghan Transit Trade

"The role of PAJCCI in raising concerns of stakeholders is significant and in this context to orient stakeholders of transit trade in WeBOC (Web Based One Customs) system, two-day training session is conducted in co-ordination with Directorate General of
Published 03 Mar, 2014 12:00am
South Africa's largest union eyes new political party

South Africa's largest union eyes new political party

South Africa's biggest trade union, the 340,000-strong National Union of Metalworkers (NUMSA), said Sunday it was laying the ground for a new "working class" political party. Union spokesman Castro Ngobese announced the launch of a new platform, called th
Published 03 Mar, 2014 12:00am
Strong quake strikes off Nicaragua

Strong quake strikes off Nicaragua

A strong 6.2-magnitude earthquake struck off Nicaragua's north-western Pacific coast on Sunday, seismologists said, rattling Nicaragua, Honduras and El Salvador. Nicaraguan authorities said the quake, which hit at 0937 GMT and had a depth of 73 kilometers
Published 03 Mar, 2014 12:00am
Yemen army plane makes emergency landing

Yemen army plane makes emergency landing

Anti-government tribesmen kidnapped the six crew members of a Yemeni military plane Sunday after it made an emergency landing in an eastern desert for technical reasons, military and local sources said.
Published 03 Mar, 2014 12:00am
Rio revels in 'greatest show on Earth'

Rio revels in 'greatest show on Earth'

More than a million Rio Carnival revelers laid aside bitterness at Brazilian leaders to join wild festivities Saturday in what has been dubbed "the greatest show on Earth." Many participants said they had resolved to forget - at least until festivities en
Published 03 Mar, 2014 12:00am
Witnesses recall fear, chaos after China train station attack

Witnesses recall fear, chaos after China train station attack

Witnesses to chilling violence at a Chinese train station placed under heavy security on Sunday recalled moments of fear and chaos after at least 29 people were killed in what authorities called a terrorist attack by Xinjiang militants. Officials said a g
Published 03 Mar, 2014 12:00am
Kuwait's 84-year old Emir undergoes minor surgery

Kuwait's 84-year old Emir undergoes minor surgery

Kuwait's 84-year-old ruler Sheikh Sabah al-Ahmad al-Sabah has undergone a "successful minor surgery" at a hospital in the United States, state news agency KUNA reported on Sunday. Sheikh Sabah, who has ruled the US-allied Gulf Arab oil exporter since 2006
Published 03 Mar, 2014 12:00am
Clashes shatter truce in Syria's Yarmuk

Clashes shatter truce in Syria's Yarmuk

Firefights and shelling rocked the Palestinian camp of Yarmuk in southern Damascus on Sunday, breaking a truce that had held since mid-February, said a group that monitors the Syrian conflict. "There was shelling of Yarmuk and fighting between (the al Qae
Published 03 Mar, 2014 12:00am
Spanish journalist freed after being kidnapped in Syria

Spanish journalist freed after being kidnapped in Syria

Veteran Spanish journalist Marc Marginedas, kidnapped in Syria in early September last year, has been freed, Prime Minister Mariano Rajoy said on Sunday. "I am very happy...I spoke to him early today, he is in reasonable shape, he is happy," Rajoy told Ra
Published 03 Mar, 2014 12:00am
Turkey's Koc calls on Erdogan to address graft charges to lower tensions

Turkey's Koc calls on Erdogan to address graft charges to lower tensions

Mustafa Koc, chairman of Turkey's biggest company Koc Holding, on Sunday called on the government to calm financial markets worried about a corruption inquiry and denied he has sought to undermine Prime Minister Tayyip Erdogan. In a rare interview, Koc al
Published 03 Mar, 2014 12:00am
MSF allowed to reopen some Myanmar clinics

MSF allowed to reopen some Myanmar clinics

Myanmar has allowed Medecins Sans Frontieres (MSF) to resume work in parts of the country, days after it ordered it to close its clinics, but not in the western strife-torn state of Rakhine, the medical aid group said. MSF did not give a reason for Thursd
Published 03 Mar, 2014 12:00am
SBP's focus on challenges to the economy

SBP's focus on challenges to the economy

Released as late as on 28th February, 2014, State Bank's first quarterly report covering the period for July-September, 2013 is a familiar story of the underlying challenges facing the economy of Pakistan. Admitting that macroeconomic indicators were favo
Published 03 Mar, 2014 12:00am
Taxation woes

Taxation woes

Irrespective of the PML-N pledges contained in its election manifesto still displayed on its website and subsequent claims of adherence to the manifesto by Ishaq Dar after he took over the portfolio of Finance the country's tax system has witnessed no str
Published 03 Mar, 2014 12:00am
Thirst for democracy catches world powers off guard

Thirst for democracy catches world powers off guard

Time was, overturning a freely-elected government would have earned a sharp US rebuke. But as people power revolts sweep some countries, Washington is increasingly giving its blessing to ousting leaders accused of betraying democracy.
Published 03 Mar, 2014 12:00am
Liquefied natural gas foes go to the mat in Maryland

Liquefied natural gas foes go to the mat in Maryland

Maps of Indian and Japanese ports paper the walls of a Dominion Resources Inc conference room in a small Maryland town, population 1,835, known more for crabbing and bird watching than global trade and the US natural gas revolution.
Published 03 Mar, 2014 12:00am
A step in the right direction

A step in the right direction

Finally, the government, or any government since the country hit by a wave of violence soon after the 9/11, has formulated a National Security Policy, which is a step in the right direction. Tabling the 100-page document before the National Assembly, Inte
Published 03 Mar, 2014 12:00am
Punjab Council opens: PTI introducing new political culture: Imran

Punjab Council opens: PTI introducing new political culture: Imran

PTI Chairman, Imran Khan, inaugurating the first meeting of PTI Punjab Provincial council congratulated the PTI Punjab leadership and said that new political culture in Pakistan is being introduced by Punjab PTI which will make parties democratic.
Published 03 Mar, 2014 12:00am
Builders blamed for fleecing allottees on one pretext or other

Builders blamed for fleecing allottees on one pretext or other

Despite a two fold increase in construction business during the last few years, allottees continue to suffer at the hands of builders for not giving possessions in stipulated time even after being paid in full. The Sindh Building Control Authority (SBCA)
Published 03 Mar, 2014 12:00am
Five killed in road accident

Five killed in road accident

At least five persons were killed while six critically injured when a passenger van overturned on National Highway, some 20 kilometres from here on Sunday. According to police sources, a speeding Peshawer-bound Hiace van bearing No-LES 3572 lost control a
Published 03 Mar, 2014 12:00am
Largest Art Class held at Punjab Stadium

Largest Art Class held at Punjab Stadium

In collaboration with the Punjab Sports Board, the talented students of Beaconhouse set a Guinness World Record for the largest art class on February 28, 2014. Manager Art Curriculum for Beaconhouse, Rukhe Neelofer Zaidi, led 5,351 Beaconhouse students in
Published 03 Mar, 2014 12:00am
Jamad-ul-Awal moon sighted

Jamad-ul-Awal moon sighted

Central Ruet-i-Hilal Committee on Sunday announced the sighting of Jamad-ul-Awal moon. Monday (March 03) will be the first of Jamad-ul-Awal 1435 A.D. Mufti Muneeb-ur-Rehman chaired the meeting of Ruet-i-Hilal Committee here in Meteorological department's
Published 03 Mar, 2014 12:00am
PSO six monthly earnings rise by 150 percent

PSO six monthly earnings rise by 150 percent

The Board of Management (BoM) of Pakistan State Oil Company Limited (PSOCL) convened at the PSO headquarters, to review the company's performance for the first half of financial year 2013-14 (1HFY14). In the period under review, PSO's revenues rose 15 per
Published 03 Mar, 2014 12:00am
Killing of man: Rangers Jawan sent on two-day physical remand

Killing of man: Rangers Jawan sent on two-day physical remand

A Rangers personnel, accused of killing a man near Chowrangi the other day, was sent to police on a two-day physical remand on Sunday. A Rangers jawan, Noor Rahim, was presented in a court on Sunday for allegedly firing on a brawling couple near Nagan Cho
Published 03 Mar, 2014 12:00am
Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (February 24 to 28 2014).

Published 03 Mar, 2014 12:00am
The Weather

The Weather

The weather report on Sunday (March 02, 2014) and the forecast for Monday (March 03, 2014).

Published 03 Mar, 2014 12:00am
Afridi blitz downs India in Asia Cup thriller

Afridi blitz downs India in Asia Cup thriller

Shahid Afridi smashed two consecutive sixes off Ravichandran Ashwin in the final over as Pakistan defeated India by one wicket in Dhaka on Sunday, virtually knocking the arch-rivals out of the Asia Cup. Pakistan, chasing India's 245-8, needed nine runs of
Published 03 Mar, 2014 12:00am
Afridi blitz downs India in Asia Cup thriller

Afridi blitz downs India in Asia Cup thriller

Shahid Afridi smashed two consecutive sixes off Ravichandran Ashwin in the final over as Pakistan defeated India by one wicket in Dhaka on Sunday, virtually knocking the arch-rivals out of the Asia Cup. Pakistan, chasing India's 245-8, needed nine runs of
Published 03 Mar, 2014 12:00am
Karachi operation yielding positive results: Mamnoon

Karachi operation yielding positive results: Mamnoon

President Mamnoon Hussain here on Sunday said that strengthening economy and improving law and order is the government's top priority and the country will be on the track of prosperity and development when the PML(N) led government completes its five-year
Published 03 Mar, 2014 12:00am
Karachi operation yielding positive results: Mamnoon

Karachi operation yielding positive results: Mamnoon

President Mamnoon Hussain here on Sunday said that strengthening economy and improving law and order is the government's top priority and the country will be on the track of prosperity and development when the PML(N) led government completes its five-year
Published 03 Mar, 2014 12:00am
THE RUPEE: rates firm

THE RUPEE: rates firm

The rupee posted fresh gains in relation to the dollar and euro on the local currency market during the week ended on March 1. On the interbank market, the rupee strengthened by 12-paisa against the dollar for buying and selling at Rs 104.88 and Rs 104.90
Published 03 Mar, 2014 12:00am
THE RUPEE: rates firm

THE RUPEE: rates firm

The rupee posted fresh gains in relation to the dollar and euro on the local currency market during the week ended on March 1. On the interbank market, the rupee strengthened by 12-paisa against the dollar for buying and selling at Rs 104.88 and Rs 104.90
Published 03 Mar, 2014 12:00am
Private oversight to help overcome SOEs' woes: Dar

Private oversight to help overcome SOEs' woes: Dar

Finance Minister Senator Mohammad Ishaq Dar said the government sees Strategic Public-Private Partnership (SPPP) aimed at utilising private sector management expertise to overcome public sector inefficiencies. He said this while chairing a meeting here at
Published 03 Mar, 2014 12:00am
Private oversight to help overcome SOEs' woes: Dar

Private oversight to help overcome SOEs' woes: Dar

Finance Minister Senator Mohammad Ishaq Dar said the government sees Strategic Public-Private Partnership (SPPP) aimed at utilising private sector management expertise to overcome public sector inefficiencies. He said this while chairing a meeting here at
Published 03 Mar, 2014 12:00am
Private oversight to help overcome SOEs'' woes: Dar

Private oversight to help overcome SOEs'' woes: Dar

Finance Minister Senator Mohammad Ishaq Dar said the government sees Strategic Public-Private Partnership (SPPP) aimed at utilising private sector management expertise to overcome public sector inefficiencies. He said this while chairing a meeting here at
Published 03 Mar, 2014 12:00am
Ukraine mobilises army as West warns Russia

Ukraine mobilises army as West warns Russia

Ukraine warned Sunday it was on the brink of disaster and called up all military reservists after Russia's threat to invade its neighbour drew sharp rebukes from the United States and its Western allies. US Secretary of State John Kerry upped the stakes f
Published 03 Mar, 2014 12:00am
Ukraine mobilises army as West warns Russia

Ukraine mobilises army as West warns Russia

Ukraine warned Sunday it was on the brink of disaster and called up all military reservists after Russia's threat to invade its neighbour drew sharp rebukes from the United States and its Western allies. US Secretary of State John Kerry upped the stakes f
Published 03 Mar, 2014 12:00am
SBP opposes lifting of ban on gold import

SBP opposes lifting of ban on gold import

State Bank of Pakistan (SBP) has reportedly opposed lifting of ban on import of gold, arguing that any such move can be supported after a decision is taken on change of regime and application of duties. Economic Co-ordination Committee (ECC) of the Cabine
Published 03 Mar, 2014 12:00am
SBP opposes lifting of ban on gold import

SBP opposes lifting of ban on gold import

State Bank of Pakistan (SBP) has reportedly opposed lifting of ban on import of gold, arguing that any such move can be supported after a decision is taken on change of regime and application of duties. Economic Co-ordination Committee (ECC) of the Cabine
Published 03 Mar, 2014 12:00am
SBP opposes lifting of ban on gold import

SBP opposes lifting of ban on gold import

State Bank of Pakistan (SBP) has reportedly opposed lifting of ban on import of gold, arguing that any such move can be supported after a decision is taken on change of regime and application of duties. Economic Co-ordination Committee (ECC) of the Cabine
Published 03 Mar, 2014 12:00am
RBS draws up rescue plan for Ulster Bank

RBS draws up rescue plan for Ulster Bank

Part-nationalised Royal Bank of Scotland is working on a plan to salvage its troubled Irish business, Ulster Bank, by merging it with a number of rivals, the Sunday Times newspaper reported. Attempts to find a buyer for the business have failed and a team
Published 03 Mar, 2014 12:00am
RBS draws up rescue plan for Ulster Bank

RBS draws up rescue plan for Ulster Bank

Part-nationalised Royal Bank of Scotland is working on a plan to salvage its troubled Irish business, Ulster Bank, by merging it with a number of rivals, the Sunday Times newspaper reported. Attempts to find a buyer for the business have failed and a team
Published 03 Mar, 2014 12:00am
RBS draws up rescue plan for Ulster Bank

RBS draws up rescue plan for Ulster Bank

Part-nationalised Royal Bank of Scotland is working on a plan to salvage its troubled Irish business, Ulster Bank, by merging it with a number of rivals, the Sunday Times newspaper reported. Attempts to find a buyer for the business have failed and a team
Published 03 Mar, 2014 12:00am
Mixed trend witnessed

Mixed trend witnessed

Despite flurry of decent corporate results, the concerns about potential repercussions of military strikes in Taliban-dominated areas of Khyber Pakhtunkhwa (KPK) kept Karachi Stock Exchange (KSE) in check for much of the week. The KSE-100 index was remain
Published 03 Mar, 2014 12:00am
Mixed trend witnessed

Mixed trend witnessed

Despite flurry of decent corporate results, the concerns about potential repercussions of military strikes in Taliban-dominated areas of Khyber Pakhtunkhwa (KPK) kept Karachi Stock Exchange (KSE) in check for much of the week. The KSE-100 index was remain
Published 03 Mar, 2014 12:00am
Mixed trend witnessed

Mixed trend witnessed

Despite flurry of decent corporate results, the concerns about potential repercussions of military strikes in Taliban-dominated areas of Khyber Pakhtunkhwa (KPK) kept Karachi Stock Exchange (KSE) in check for much of the week. The KSE-100 index was remain
Published 03 Mar, 2014 12:00am
Future spreads down by 4 basis points

Future spreads down by 4 basis points

The future spreads decreased by 4 basis points during the last week to 11.24% while the trading activities on futures counter witnessed a positive trend as average daily volumes remained up by 99.7% to 42.24 million shares. The average daily trading value
Published 03 Mar, 2014 12:00am
Future spreads down by 4 basis points

Future spreads down by 4 basis points

The future spreads decreased by 4 basis points during the last week to 11.24% while the trading activities on futures counter witnessed a positive trend as average daily volumes remained up by 99.7% to 42.24 million shares. The average daily trading value
Published 03 Mar, 2014 12:00am
Future spreads down by 4 basis points

Future spreads down by 4 basis points

The future spreads decreased by 4 basis points during the last week to 11.24% while the trading activities on futures counter witnessed a positive trend as average daily volumes remained up by 99.7% to 42.24 million shares. The average daily trading value
Published 03 Mar, 2014 12:00am
Future spreads down by 4 basis points

Future spreads down by 4 basis points

The future spreads decreased by 4 basis points during the last week to 11.24% while the trading activities on futures counter witnessed a positive trend as average daily volumes remained up by 99.7% to 42.24 million shares. The average daily trading value
Published 03 Mar, 2014 12:00am
Government halts air strikes; dialogue prospects brighten

Government halts air strikes; dialogue prospects brighten

The government on Sunday said it was halting air strikes against Taliban militants in response to a month-long cease-fire announced by the insurgents a day earlier, paving the way for the resumption of peace talks. "After the positive announcement yesterd
Published 03 Mar, 2014 12:00am
Government halts air strikes; dialogue prospects brighten

Government halts air strikes; dialogue prospects brighten

The government on Sunday said it was halting air strikes against Taliban militants in response to a month-long cease-fire announced by the insurgents a day earlier, paving the way for the resumption of peace talks. "After the positive announcement yesterd
Published 03 Mar, 2014 12:00am
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