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Print - 2014-03-09
Universal access to energy

Universal access to energy

Addressing a meeting convened by Pakistan's Permanent Mission to the United Nations (UN) Ambassador Masood Khan called on the international community to set a new target: universal access to energy. He noted that around 800 million people living in South
Published 09 Mar, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 08, 2014).

Published 09 Mar, 2014 12:00am
The Weather

The Weather

The weather report on Saturday (March 08, 2014) and the forecast for Sunday (March 09, 2014).

Published 09 Mar, 2014 12:00am
YOUR RUPEE LAST MONTH

YOUR RUPEE LAST MONTH

Following currency fluctuations took place in foreign exchange rates during the last month. (February 3 to 28, 2014)

Published 09 Mar, 2014 12:00am
Oil slicks seen near where airliner vanished: Vietnam

Oil slicks seen near where airliner vanished: Vietnam

Vietnam said its search planes spotted oil slicks in the sea near where a Malaysia Airlines jet carrying 239 people mysteriously vanished on Saturday, in the first hint at the aircraft's possible fate. The announcement came more than 18 hours after flight
Published 09 Mar, 2014 12:00am
Oil slicks seen near where airliner vanished: Vietnam

Oil slicks seen near where airliner vanished: Vietnam

Vietnam said its search planes spotted oil slicks in the sea near where a Malaysia Airlines jet carrying 239 people mysteriously vanished on Saturday, in the first hint at the aircraft's possible fate. The announcement came more than 18 hours after flight
Published 09 Mar, 2014 12:00am
Oil slicks seen near where airliner vanished: Vietnam

Oil slicks seen near where airliner vanished: Vietnam

Vietnam said its search planes spotted oil slicks in the sea near where a Malaysia Airlines jet carrying 239 people mysteriously vanished on Saturday, in the first hint at the aircraft''s possible fate. The announcement came more than 18 hours after fligh
Published 09 Mar, 2014 12:00am
Oil slicks seen near where airliner vanished: Vietnam

Oil slicks seen near where airliner vanished: Vietnam

Vietnam said its search planes spotted oil slicks in the sea near where a Malaysia Airlines jet carrying 239 people mysteriously vanished on Saturday, in the first hint at the aircraft''''s possible fate. The announcement came more than 18 hours after fli
Published 09 Mar, 2014 12:00am
Drought-hit Thar: two top officials removed for negligence

Drought-hit Thar: two top officials removed for negligence

In a spate of corrective but belated response to the misery in drought-hit Thar desert, the provincial Sindh government removed two top administrative officials for their gross failure in supervising the distribution of staple food and health care that le
Published 09 Mar, 2014 12:00am
Drought-hit Thar: two top officials removed for negligence

Drought-hit Thar: two top officials removed for negligence

In a spate of corrective but belated response to the misery in drought-hit Thar desert, the provincial Sindh government removed two top administrative officials for their gross failure in supervising the distribution of staple food and health care that le
Published 09 Mar, 2014 12:00am
Revenue measures: FBR holds briefing for Prime Minister on March 11

Revenue measures: FBR holds briefing for Prime Minister on March 11

The Federal Board of Revenue will brief Prime Minister Nawaz Sharif about the tax dynamic policy measures taken to overcome revenue collection shortfall in 2013-14 along with steps to curb ongoing smuggling and customs duty evasion, here on Tuesday (March
Published 09 Mar, 2014 12:00am
Revenue measures: FBR holds briefing for Prime Minister on March 11

Revenue measures: FBR holds briefing for Prime Minister on March 11

The Federal Board of Revenue will brief Prime Minister Nawaz Sharif about the tax dynamic policy measures taken to overcome revenue collection shortfall in 2013-14 along with steps to curb ongoing smuggling and customs duty evasion, here on Tuesday (March
Published 09 Mar, 2014 12:00am
Revenue measures: FBR holds briefing for Prime Minister on March 11

Revenue measures: FBR holds briefing for Prime Minister on March 11

The Federal Board of Revenue will brief Prime Minister Nawaz Sharif about the tax dynamic policy measures taken to overcome revenue collection shortfall in 2013-14 along with steps to curb ongoing smuggling and customs duty evasion, here on Tuesday (March
Published 09 Mar, 2014 12:00am
Preventing misuse of IFEM facility: Ogra asked to put in place mechanism

Preventing misuse of IFEM facility: Ogra asked to put in place mechanism

Economic Co-ordination Committee (ECC) of the Cabinet has directed the Oil and Gas Regulatory Authority (Ogra) to put in place an appropriate mechanism to ensure prevention of dumping and misuse of Internal Freight Equalization Mechanism (IFEM) facility b
Published 09 Mar, 2014 12:00am
Preventing misuse of IFEM facility: Ogra asked to put in place mechanism

Preventing misuse of IFEM facility: Ogra asked to put in place mechanism

Economic Co-ordination Committee (ECC) of the Cabinet has directed the Oil and Gas Regulatory Authority (Ogra) to put in place an appropriate mechanism to ensure prevention of dumping and misuse of Internal Freight Equalization Mechanism (IFEM) facility b
Published 09 Mar, 2014 12:00am
Preventing misuse of IFEM facility: Ogra asked to put in place mechanism

Preventing misuse of IFEM facility: Ogra asked to put in place mechanism

Economic Co-ordination Committee (ECC) of the Cabinet has directed the Oil and Gas Regulatory Authority (Ogra) to put in place an appropriate mechanism to ensure prevention of dumping and misuse of Internal Freight Equalization Mechanism (IFEM) facility b
Published 09 Mar, 2014 12:00am
Shahbaz announces pro-women steps

Shahbaz announces pro-women steps

Punjab Chief Minister Shahbaz Sharif has announced a comprehensive package of far-reaching reforms for removing hurdles in the laws for bringing women into mainstream of national development. The Chief Minister also announced regularisation of lady health
Published 09 Mar, 2014 12:00am
Shahbaz announces pro-women steps

Shahbaz announces pro-women steps

Punjab Chief Minister Shahbaz Sharif has announced a comprehensive package of far-reaching reforms for removing hurdles in the laws for bringing women into mainstream of national development. The Chief Minister also announced regularisation of lady health
Published 09 Mar, 2014 12:00am
China posts unexpected trade deficit in February

China posts unexpected trade deficit in February

China recorded an unexpected trade deficit of $22.98 billion in February, official figures showed Saturday, with authorities blaming the country's holiday season for the weak performance. The figure compared with a surplus of $14.8 billion in the same mon
Published 09 Mar, 2014 12:00am
China posts unexpected trade deficit in February

China posts unexpected trade deficit in February

China recorded an unexpected trade deficit of $22.98 billion in February, official figures showed Saturday, with authorities blaming the country's holiday season for the weak performance. The figure compared with a surplus of $14.8 billion in the same mon
Published 09 Mar, 2014 12:00am
China posts unexpected trade deficit in February

China posts unexpected trade deficit in February

China recorded an unexpected trade deficit of $22.98 billion in February, official figures showed Saturday, with authorities blaming the country''s holiday season for the weak performance. The figure compared with a surplus of $14.8 billion in the same mo
Published 09 Mar, 2014 12:00am
Libya threatens to bomb North Korean ship for 'illegal' oil

Libya threatens to bomb North Korean ship for 'illegal' oil

Libya threatened on Saturday to bomb a North Korean-flagged tanker at an oil terminal in the restive east if it does not leave port, saying it was loading illegally. Separatist militants blockading Al-Sidra facility in eastern Libya attempted to load crud
Published 09 Mar, 2014 12:00am
Libya threatens to bomb North Korean ship for 'illegal' oil

Libya threatens to bomb North Korean ship for 'illegal' oil

Libya threatened on Saturday to bomb a North Korean-flagged tanker at an oil terminal in the restive east if it does not leave port, saying it was loading illegally. Separatist militants blockading Al-Sidra facility in eastern Libya attempted to load crud
Published 09 Mar, 2014 12:00am
Gunfire keeps monitors from Crimea as Russia ups 'threats'

Gunfire keeps monitors from Crimea as Russia ups 'threats'

Pro-Kremlin militia fired warning shots as unarmed foreign observers tried to enter Crimea on Saturday. The dangerous escalation in the flashpoint Black Sea peninsula saw 40 gunmen in balaclavas and military fatigues fire warning shots above a car moving
Published 09 Mar, 2014 12:00am
Gunfire keeps monitors from Crimea as Russia ups 'threats'

Gunfire keeps monitors from Crimea as Russia ups 'threats'

Pro-Kremlin militia fired warning shots as unarmed foreign observers tried to enter Crimea on Saturday. The dangerous escalation in the flashpoint Black Sea peninsula saw 40 gunmen in balaclavas and military fatigues fire warning shots above a car moving
Published 09 Mar, 2014 12:00am
Defence to get significant boost in fiscal year 2015: Dar visits GHQ

Defence to get significant boost in fiscal year 2015: Dar visits GHQ

Federal Minister for Finance Senator Mohammad Ishaq Dar visited Army General Headquarter on Saturday and discussed with the Chief of Army Staff Gen. Raheel Sharif budgetary requirements of the Pak-Army for the year 2014-15. According to a statement issued
Published 09 Mar, 2014 12:00am
Defence to get significant boost in fiscal year 2015: Dar visits GHQ

Defence to get significant boost in fiscal year 2015: Dar visits GHQ

Federal Minister for Finance Senator Mohammad Ishaq Dar visited Army General Headquarter on Saturday and discussed with the Chief of Army Staff Gen. Raheel Sharif budgetary requirements of the Pak-Army for the year 2014-15. According to a statement issued
Published 09 Mar, 2014 12:00am
Defence to get significant boost in fiscal year 2015: Dar visits GHQ

Defence to get significant boost in fiscal year 2015: Dar visits GHQ

Federal Minister for Finance Senator Mohammad Ishaq Dar visited Army General Headquarter on Saturday and discussed with the Chief of Army Staff Gen. Raheel Sharif budgetary requirements of the Pak-Army for the year 2014-15. According to a statement issued
Published 09 Mar, 2014 12:00am
Defence to get significant boost in fiscal year 2015: Dar visits GHQ

Defence to get significant boost in fiscal year 2015: Dar visits GHQ

Federal Minister for Finance Senator Mohammad Ishaq Dar visited Army General Headquarter on Saturday and discussed with the Chief of Army Staff Gen. Raheel Sharif budgetary requirements of the Pak-Army for the year 2014-15. According to a statement issued
Published 09 Mar, 2014 12:00am
Taliban talks: all eyes are on composition of new team

Taliban talks: all eyes are on composition of new team

There is ambiguity over the questions whether there would be a direct military engagement in the ongoing talks with the Taliban subsequent to the government's decision to hold direct but secret dialogue with the outlawed Tehreek-e-Taliban Pakistan (TTP) t
Published 09 Mar, 2014 12:00am
Taliban talks: all eyes are on composition of new team

Taliban talks: all eyes are on composition of new team

There is ambiguity over the questions whether there would be a direct military engagement in the ongoing talks with the Taliban subsequent to the government's decision to hold direct but secret dialogue with the outlawed Tehreek-e-Taliban Pakistan (TTP) t
Published 09 Mar, 2014 12:00am
ECP seeks to have an authoritative CEC

ECP seeks to have an authoritative CEC

The Election Commission of Pakistan (ECP) wants an aggressive chief as opposed to the one who is 'malleable' like former Justice Fakhruddin G Ebrahim, well-placed sourced told Business Recorder. Sources added that "the top officials of the commissi
Published 09 Mar, 2014 12:00am
ECP seeks to have an authoritative CEC

ECP seeks to have an authoritative CEC

The Election Commission of Pakistan (ECP) wants an aggressive chief as opposed to the one who is 'malleable' like former Justice Fakhruddin G Ebrahim, well-placed sourced told Business Recorder. Sources added that "the top officials of the commissi
Published 09 Mar, 2014 12:00am
Two militant commanders held in Peshawar

Two militant commanders held in Peshawar

Law enforcement agencies arrested two militant commanders on main GT Road here on Saturday. Sources said the law enforcement agencies on tip-off traced out two militants of a defunct organisation on main GT road and recovered maps and weapons from them. M
Published 09 Mar, 2014 12:00am
Two militant commanders held in Peshawar

Two militant commanders held in Peshawar

Law enforcement agencies arrested two militant commanders on main GT Road here on Saturday. Sources said the law enforcement agencies on tip-off traced out two militants of a defunct organisation on main GT road and recovered maps and weapons from them. M
Published 09 Mar, 2014 12:00am
Egypt issues presidential election law

Egypt issues presidential election law

Interim Egyptian president Adly Mansour promulgated Saturday a law setting the stage for an election later this year to replace ousted Islamist president Mohamed Morsi. The new law sets out the basic qualifications for candidacy and includes a expected me
Published 09 Mar, 2014 12:00am
Egypt issues presidential election law

Egypt issues presidential election law

Interim Egyptian president Adly Mansour promulgated Saturday a law setting the stage for an election later this year to replace ousted Islamist president Mohamed Morsi. The new law sets out the basic qualifications for candidacy and includes a expected me
Published 09 Mar, 2014 12:00am
Ashton in Iran amid nuclear talks thaw

Ashton in Iran amid nuclear talks thaw

EU foreign policy chief Catherine Ashton, who co-ordinates nuclear talks between Iran and world powers, arrived in Tehran on Saturday, media reported. Her visit comes amid a recent thaw in Iran's strained relations with the West following last year's elec
Published 09 Mar, 2014 12:00am
Ashton in Iran amid nuclear talks thaw

Ashton in Iran amid nuclear talks thaw

EU foreign policy chief Catherine Ashton, who co-ordinates nuclear talks between Iran and world powers, arrived in Tehran on Saturday, media reported. Her visit comes amid a recent thaw in Iran's strained relations with the West following last year's elec
Published 09 Mar, 2014 12:00am
Kerry urges US envoys to make climate change a priority

Kerry urges US envoys to make climate change a priority

US Secretary of State John Kerry has called on American ambassadors around the world to make the fight against climate change a top priority ahead of new UN talks next year. In his first department-wide policy guidance statement since taking office a year
Published 09 Mar, 2014 12:00am
Kerry urges US envoys to make climate change a priority

Kerry urges US envoys to make climate change a priority

US Secretary of State John Kerry has called on American ambassadors around the world to make the fight against climate change a top priority ahead of new UN talks next year. In his first department-wide policy guidance statement since taking office a year
Published 09 Mar, 2014 12:00am
First polio case detected in South Waziristan Agency; toll mounts to 27

First polio case detected in South Waziristan Agency; toll mounts to 27

First polio case was surfaced in South Waziristan Agency (SWA detected here on Saturday. National Institute of Health (NIH) said that a six-month old girl hailing from tehsil Bairmal of SWA was found affected with polio virus. With recent case total numbe
Published 09 Mar, 2014 12:00am
First polio case detected in South Waziristan Agency; toll mounts to 27

First polio case detected in South Waziristan Agency; toll mounts to 27

First polio case was surfaced in South Waziristan Agency (SWA detected here on Saturday. National Institute of Health (NIH) said that a six-month old girl hailing from tehsil Bairmal of SWA was found affected with polio virus. With recent case total numbe
Published 09 Mar, 2014 12:00am
Magnetic bomb kills Afghan district governor: official

Magnetic bomb kills Afghan district governor: official

A magnetic bomb attached to a district governor's vehicle exploded in eastern Afghanistan on Saturday, killing the governor and his bodyguard, provincial authorities said. The attack in Nangarhar province highlights the security threat surrounding preside
Published 09 Mar, 2014 12:00am
Magnetic bomb kills Afghan district governor: official

Magnetic bomb kills Afghan district governor: official

A magnetic bomb attached to a district governor's vehicle exploded in eastern Afghanistan on Saturday, killing the governor and his bodyguard, provincial authorities said. The attack in Nangarhar province highlights the security threat surrounding preside
Published 09 Mar, 2014 12:00am
China says no room for compromise with Japan on disputed territory

China says no room for compromise with Japan on disputed territory

China said on Saturday that there was no room for compromise with Japan on questions of history and disputed territory, "each inch" of which it would defend from its Asian neighbour. China's ties with Japan have long been poisoned by what China sees as Ja
Published 09 Mar, 2014 12:00am
China says no room for compromise with Japan on disputed territory

China says no room for compromise with Japan on disputed territory

China said on Saturday that there was no room for compromise with Japan on questions of history and disputed territory, "each inch" of which it would defend from its Asian neighbour. China's ties with Japan have long been poisoned by what China sees as Ja
Published 09 Mar, 2014 12:00am
Panama warns Venezuela on debt as rift widens

Panama warns Venezuela on debt as rift widens

Panama's president told Venezuela on Friday that its decision to break off diplomatic ties should not be an excuse to renege on its massive debt to the Central American nation. President Ricardo Martinelli's warning came a day after Venezuela ordered the
Published 09 Mar, 2014 12:00am
Panama warns Venezuela on debt as rift widens

Panama warns Venezuela on debt as rift widens

Panama's president told Venezuela on Friday that its decision to break off diplomatic ties should not be an excuse to renege on its massive debt to the Central American nation. President Ricardo Martinelli's warning came a day after Venezuela ordered the
Published 09 Mar, 2014 12:00am
Panama warns Venezuela on debt as rift widens

Panama warns Venezuela on debt as rift widens

Panama''s president told Venezuela on Friday that its decision to break off diplomatic ties should not be an excuse to renege on its massive debt to the Central American nation. President Ricardo Martinelli''s warning came a day after Venezuela ordered th
Published 09 Mar, 2014 12:00am
Concern mounts over attacks on media in Crimea

Concern mounts over attacks on media in Crimea

Concern was mounting Saturday over the safety of journalists in Crimea after reports that Ukrainian reporters were beaten by pro-Russian militants and an international television crew had its equipment seized. Ukraine's Channel 5 television reported that
Published 09 Mar, 2014 12:00am
Tharparker situation: President speaks to Ibad

Tharparker situation: President speaks to Ibad

President Mamnoon Hussain on Saturday phoned Sindh Governor Dr Ishrat-ul-Ibad Khan and discussed with him the situation in Tharparker. Expressing deep concern over the situation, the President called for a report about it and the measures taken so far to
Published 09 Mar, 2014 12:00am
Extortion & kidnapping issues KISMA: seeks KCCI chief's help

Extortion & kidnapping issues KISMA: seeks KCCI chief's help

The Karachi Iron and Steel Merchants Association (KISMA) has sought the help of President Karachi Chamber of Commerce and Industry (KCCI) Abdullah Zaki to bring their issues rising incident of Bhatta and kidnapping for ransom in the note federal governmen
Published 09 Mar, 2014 12:00am
Wheat supply under way: troops begin relief operation in Tharparkar

Wheat supply under way: troops begin relief operation in Tharparkar

Troops have been sent to help Tharparkar affected families while distribution of wheat bags is also underway in the drought-hit areas on Saturday. Following the notice taken by Prime Minister Nawaz Sharif and Chief Justice of Pakistan, the Sindh governmen
Published 09 Mar, 2014 12:00am
German society mulls opening solar school in Pakistan

German society mulls opening solar school in Pakistan

Chief Executive of the German Solar Energy Society, Dr Uwe Hartmann called on the Federal Minister for Kashmir Affairs and Gilgit-Baltistan, Muhammad Barjees Tahir here on Saturday. He briefed the Minister about various activities of the society being und
Published 09 Mar, 2014 12:00am
Youth commits suicide

Youth commits suicide

A youngster committed suicide after shooting dead his beloved after failure in love marriage here on Saturday. Police said that a youth identified as Yousaf hailing from village 47/4-R of Sahiwal was in love with a local villager named Farzana and wanted
Published 09 Mar, 2014 12:00am
Two killed in violence

Two killed in violence

At least two persons were killed in different incidents of violence in metropolis, here on Saturday. According to police and rescue sources, a body of man was recovered from Peer Bux Goth located in the limits of Gulshan-e-Memar police station. The victim
Published 09 Mar, 2014 12:00am
There is no malnutrition case in Thar: Bilawal

There is no malnutrition case in Thar: Bilawal

PPP Chairman, Bilawal Zardari, said that there was no malnutrition case in drought-hit Tharparkar district, where 193 children are reported to have died over the past three months. Tharparkar, the desert area of Sindh, is facing a famine-like situation an
Published 09 Mar, 2014 12:00am
Bandits place hand grenade in ATM booth

Bandits place hand grenade in ATM booth

Armed dacoits on Saturday left a hand grenade inside the private bank's ATM booth after an unsuccessful attempt of taking the machine away. Police said the incident occurred when six armed men arrived in a double cabin vehicle and barged into the ATM boot
Published 09 Mar, 2014 12:00am
Bahria Town relief team reaches Thar

Bahria Town relief team reaches Thar

Bahria Town Chairman Malik Riaz Hussain has decided to use all resources at his disposal in aid of the drought-affected people of Tharparkar. After the announcement of Malik Riaz to allocate Rs 200 million for the Thar drought victims, Bahria Town relief
Published 09 Mar, 2014 12:00am
One killed as police retaliate attack

One killed as police retaliate attack

One assailant was killed in retaliatory firing by policemen while two others managed to escape in Quetta as some unidentified armed men attacked police mobile van here on Saturday. According to police, some unknown gunmen riding motorcycles opened fire at
Published 09 Mar, 2014 12:00am
LB polls: PML-N Khyber Pakhtunkhwa decides to take 'solo-flight'

LB polls: PML-N Khyber Pakhtunkhwa decides to take 'solo-flight'

Pakistan Muslim League-Nawaz Khyber-Pakhtunkhwa chapter on Saturday decided to take 'solo-flight' in the local government elections in the province. The party leadership during its meeting the PML-N provincial secretariat at Peshawar also directed the dis
Published 09 Mar, 2014 12:00am
Pakistan for focused efforts to stop use of children in armed conflicts

Pakistan for focused efforts to stop use of children in armed conflicts

Pakistan has emphasised focused efforts to stem the use of children in armed conflicts and also reiterated its call for end to all drone strikes since they infringe the rights of children to life and education. Pakistan's Permanent Representative to the U
Published 09 Mar, 2014 12:00am
Second edition of Japan Fest-2014 begins

Second edition of Japan Fest-2014 begins

The second edition of Japan Fest-2014 has begun at Karachi on the other day. Presiding over the inaugural ceremony of the event, Consulate General of Japan Akira Ouchi has paid rich tribute to a famous Urdu novelist, playwright and drama writer Fatima Sur
Published 09 Mar, 2014 12:00am
Government urged to formulate business-friendly policies

Government urged to formulate business-friendly policies

The American Business Council of Pakistan (ABC) has urged the government to formulate business-friendly policies, improve the law and order situation and resolve the energy crisis to attract much needed foreign investment in different business segments of
Published 09 Mar, 2014 12:00am
Prices of essential food items register mixed trend

Prices of essential food items register mixed trend

Mixed trend was witnessed in the prices of majority of the essential food items, as some registered slight increase while others remained unchanged last week as compared to the preceding week, reveals a survey conducted by Business Recorder on Satu
Published 09 Mar, 2014 12:00am
Pace of development accelerated in Khyber Pakhtunkhwa: Khattak

Pace of development accelerated in Khyber Pakhtunkhwa: Khattak

Chief Minister, Khyber-Pakhtunkhwa, Pervez Khatak said the pace of development process in the provincial metropolis and other parts of the province has been accelerated and beside it small and medium mega schemes have also been initiated. He was talking t
Published 09 Mar, 2014 12:00am
Child vaccination drive in Peshawar today

Child vaccination drive in Peshawar today

The sixth phase of Sehat Ka Insaf programme, against nine children specific diseases will be launched in 95 union councils of Peshawar today on Sunday. During sixth phase of Sehat Ka Insaf Programme around 0.7 million children would be vaccinated against
Published 09 Mar, 2014 12:00am
Shahbaz orders dispatch of 25 truck loads of relief to Thar

Shahbaz orders dispatch of 25 truck loads of relief to Thar

In view of a number of deaths of children, owing to malnutrition, in Thar Desert, Punjab Chief Minister, Muhammad Shahbaz Sharif, has directed to dispatch as many as 20,000 food bags forthwith to the inhabitants of Thar, to alleviate the sufferings of the
Published 09 Mar, 2014 12:00am
Asif underscores need for raising literacy rate

Asif underscores need for raising literacy rate

Federal Minister for Water and Power, Khawaja Muhammad Asif, on Saturday night said that collective efforts are dire need for promotion of education to enhance literacy rate in the country. Talking to Business Recorder here he said that Pakistan Mu
Published 09 Mar, 2014 12:00am
Punjab's aid for Tharparkar: reports about refusal baseless: Memon

Punjab's aid for Tharparkar: reports about refusal baseless: Memon

Sindh Information Minister Sharjeel Memon said on Saturday that the reports about Sindh government's refusal over Punjab government's aid for drought-hit district Tharparkar are baseless. Memon said that the Punjab government had not offered any aid. He t
Published 09 Mar, 2014 12:00am
FPCCI Standing Committee Dr Baig appointed chairman

FPCCI Standing Committee Dr Baig appointed chairman

Dr Mirza Ikhtiar Baig, a renowned industrialist and Chairman of Baig Group, a multinational conglomerate operating in Pakistan, UAE and Morocco for the last three decades, has been appointed Chairman FPCCI Standing Committee on Banking, Credit & Finance f
Published 09 Mar, 2014 12:00am
BISP chairman briefs Dar about performance

BISP chairman briefs Dar about performance

Finance Minister Senator Mohammad Ishaq Dar chaired a meeting to discuss Benazir Income Support Programme (BISP) here on Saturday. BISP Chairman Enver Baig briefed the Finance Minister on various issues related to the programme. He informed that, so far,
Published 09 Mar, 2014 12:00am
Venezuela opposition holds new protest

Venezuela opposition holds new protest

Armed with cooking pots in a potent symbol of Venezuela's chronic food shortage, thousands took to the streets Saturday in the latest public rally against the government of President Nicolas Maduro. The protest, which fell on International Women's Day, co
Published 09 Mar, 2014 12:00am
Syria army captures town in strategic Homs province

Syria army captures town in strategic Homs province

Syrian forces captured Saturday a rebel-held town near a famed Crusader castle in the strategic province of Homs, after nearly a month of fighting, the army said. "Syrian army units, in co-operation with the National Defence Force and honourable residents
Published 09 Mar, 2014 12:00am
Iraq attacks kill 13, including parliament candidate

Iraq attacks kill 13, including parliament candidate

Attacks across Iraq killed 13 people on Saturday, including a parliamentary candidate and four children, officers and medical sources said, as the country suffers its worst violence in years. Iraq has been hit by a year-long surge in bloodshed that has re
Published 09 Mar, 2014 12:00am
China says to work with Afghanistan to fight terrorism

China says to work with Afghanistan to fight terrorism

China said on Saturday that it will work with Afghanistan to fight terrorism, after it blamed a deadly train station attack on extremists from its western Xinjiang region, which shares a short border with the war-torn nation. Beijing has become increasing
Published 09 Mar, 2014 12:00am
Thousands rally for end to nuclear Taiwan

Thousands rally for end to nuclear Taiwan

Tens of thousands marched in Taiwan Saturday to call for an end to nuclear energy on the island, ahead of the third anniversary of the Fukushima atomic disaster in Japan, organisers said. In Taipei, protesters held placards and flags painted with slogans
Published 09 Mar, 2014 12:00am
Almost all big Chinese cities' air below standard

Almost all big Chinese cities' air below standard

Air quality was below national standards in almost all China's major cities last year, a top environment official said Saturday, after Premier Li Keqiang pledged to "declare war" on pollution. Only three out of the 74 cities monitored by the government me
Published 09 Mar, 2014 12:00am
US, Mexico, Guatemala form anti-crime alliance

US, Mexico, Guatemala form anti-crime alliance

The governments of the United States, Mexico and Guatemala formed a special body Friday to fight drug trafficking and organised crime. The Trilateral Security Desk evaluates intelligence and border risks to combat human trafficking and the smuggling of il
Published 09 Mar, 2014 12:00am
ICE cotton reverses from six-month high

ICE cotton reverses from six-month high

Cotton futures retreated from August highs on Friday, as a wave of investor buying dried up at key psychological resistance and as dealers squared positions ahead of Monday's US government supply-demand report. The benchmark May cotton contract on ICE Fut
Published 09 Mar, 2014 12:00am
Asian rubber prices near multi-year lows; haze shrouds parts of Sumatra

Asian rubber prices near multi-year lows; haze shrouds parts of Sumatra

A few tyre grade cargoes changed hands for nearby shipments this week but some consumers could be waiting for bargains as prices held near multi-year lows despite tight supply, dealers said on Tuesday. The dry wintering season is underway in Thailand, Ind
Published 09 Mar, 2014 12:00am
China to boost agricultural subsidies, lift grain capacity

China to boost agricultural subsidies, lift grain capacity

China plans to broaden the scope and increase spending on agricultural subsidies for grains and other commodities in a bid to boost food security, the country's top economic planner said on Wednesday. Beijing also intends to speed up energy pricing reform
Published 09 Mar, 2014 12:00am
China cotton stockpiling slows as season nears end

China cotton stockpiling slows as season nears end

China's state cotton stockpiler bought 132,480 tonnes of fibre last week, its lowest weekly volume since the buying season began, suggesting that total purchases are close to finishing at around 6 million tonnes, official statistics showed on Monday. Stoc
Published 09 Mar, 2014 12:00am
Dubai's DMCC to boost Islamic commodity trade with tie-ups

Dubai's DMCC to boost Islamic commodity trade with tie-ups

The Dubai Multi Commodities Centre (DMCC) aims to boost activity on its Shariah-compliant commodity trading platform by partnering with a global brokerage, while local Islamic lender Noor Bank is set to offer use of the platform to all its corporate clien
Published 09 Mar, 2014 12:00am
Philippines under pressure over high rice prices

Philippines under pressure over high rice prices

Rice prices in the Philippines have risen for six straight weeks, piling pressure on the government to import more of the national staple to stabilise markets and curb inflation already at two-year highs. While bumper harvests in other countries have stok
Published 09 Mar, 2014 12:00am
Asian rice prices set to fall on rising supply, thin demand

Asian rice prices set to fall on rising supply, thin demand

Asian rice prices slipped and were set to keep dropping on limited demand and with harvests beginning as Thailand's intervention scheme grinds to a halt, traders said on Thursday. Thailand's common grade 5-percent broken white rice stood at $420 per tonne
Published 09 Mar, 2014 12:00am
Cuban sugar harvest falters

Cuban sugar harvest falters

For the third consecutive year Cuba's reorganised sugar industry is failing to perform up to expectations, increasing pressure on the government to open up the once proud sector to foreign investment. Already one mill, the first since the industry was nat
Published 09 Mar, 2014 12:00am
Why nations fail?

Why nations fail?

Economists took ages to solve this riddle of why some nations superseded others in terms of wealth and prosperity? Adam Smith wrote on the same issue in, "An Inquiry into Nature and Causes of the wealth of nations". Similarly, other scholars have struggle
Published 09 Mar, 2014 12:00am
Middle East drought a threat to global food prices

Middle East drought a threat to global food prices

The Middle East's driest winter in several decades could pose a threat to global food prices, with local crops depleted and farmers' livelihoods blighted, UN experts and climatologists say. Varying degrees of drought are hitting almost two thirds of the l
Published 09 Mar, 2014 12:00am
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