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Print - 2014-03-11
Vietnam cuts rice export price floor, eyes Manila tender

Vietnam cuts rice export price floor, eyes Manila tender

Vietnam has lowered its price floor for exports of low-grade rice for the second time in a month, an industry source said, as the world's No 2 exporter of the grain looks to make its shipments more attractive amid a global supply glut. The Southeast Asian
Published 11 Mar, 2014 12:00am
UK economy to conquer pre-recession peak soon

UK economy to conquer pre-recession peak soon

Britain's economy should exceed its pre-recession growth peak in the next few months, according to the British Chambers of Commerce, which on Monday upgraded its forecasts for this year and next. The business group forecast full-year gross domestic produc
Published 11 Mar, 2014 12:00am
Chiquita, Ireland's Fyffes merge, become top banana supplier

Chiquita, Ireland's Fyffes merge, become top banana supplier

US-based Chiquita Brands and Ireland's Fyffes Plc said Monday that they are merging, creating the world's larget banana supplier with annual revenue of $4.6 billion. In the stock-for-stock transaction Chiquita shareholders will own approximately 50.7 perc
Published 11 Mar, 2014 12:00am
Japanese growth slows as sales tax hike looms

Japanese growth slows as sales tax hike looms

Japan's economy grew at a slower pace than initially thought in the last quarter of 2013, revised data showed Monday, underscoring concerns about the pace of recovery under Prime Minister Shinzo Abe's policy blitz. The fresh figures will turn the focus on
Published 11 Mar, 2014 12:00am
Central bank chief resigns in recession-hit Cyprus

Central bank chief resigns in recession-hit Cyprus

Cyprus central bank governor Panicos Demetriades, whose performance came under fire over the island's banking crisis last year, resigned on Monday, the president's office announced. President Nicos Anastasiades, his leading critic, accepted the resignatio
Published 11 Mar, 2014 12:00am
India car sales post first rise since September 2013

India car sales post first rise since September 2013

Indian car sales rose in February - the first time in five months - according to figures released Monday, but a top industry body said it was too early to say the market has finally turned around. The Society of Indian Automobile Manufacturers (SIAM) said
Published 11 Mar, 2014 12:00am
China's bank lending halves in February

China's bank lending halves in February

The number of new yuan loans made by Chinese banks halved in February and liquidity in the economy tightened, official data showed on Monday, which analysts said indicated the previous month's surge was not a sign of a policy shift. New bank loans totalle
Published 11 Mar, 2014 12:00am
McDonald's US sales continue to struggle

McDonald's US sales continue to struggle

McDonald's Corp on Monday reported a bigger-than-expected drop in comparable global sales for February, hurt again by slow business in the United States. The world's biggest restaurant chain by revenue said world-wide sales at restaurants open at least 13
Published 11 Mar, 2014 12:00am
German reliance on Russian gas threatens Europe: Poland

German reliance on Russian gas threatens Europe: Poland

Germany's reliance on Russian natural gas poses a threat to European sovereignty, Polish Prime Minister Donald Tusk warned Monday amid rising East-West tensions over Ukraine. "Germany's reliance on Russian gas can effectively limit European sovereignty. I
Published 11 Mar, 2014 12:00am
Europe reaches crunch point on banking union

Europe reaches crunch point on banking union

European governments and lawmakers will try to reach a deal this week on how to wind down failing banks, clearing the way for a landmark reform as time runs out to win European Parliament approval before May elections. Negotiations are set to span days an
Published 11 Mar, 2014 12:00am
Soybean prices drop ahead of USDA report

Soybean prices drop ahead of USDA report

US soybeans fell nearly 1 percent on Monday, giving back much of the gains from the previous session as traders readied for the latest US Department of Agriculture report on production. Chicago Board of Trade May soybeans fell 0.75 percent to $14.46-3/4 a
Published 11 Mar, 2014 12:00am
US Midwest bids for corn, soya steady

US Midwest bids for corn, soya steady

Spot basis bids for corn and soyabeans were mostly steady across the US Midwest on Monday as farmers held off on selling crops ahead of monthly data from the government, dealers said. The US Department of Agriculture is scheduled to release its March supp
Published 11 Mar, 2014 12:00am
Chinese steel and iron futures fall to lowest ever levels

Chinese steel and iron futures fall to lowest ever levels

Chinese steel and iron ore futures fell to their lowest levels ever on Monday after a surprise drop in exports swung China's trade balance into deficit last month and amplified fears of a slowdown in the world's No 2 economy. Its exports fell 18.1 percent
Published 11 Mar, 2014 12:00am
Oil cake market rates

Oil cake market rates

The March vaida was sharply higher on the forward cottonseeds oilcake market on Monday in the process of trading, dealers said. The March contract closed at Rs 1250.50 and it opened with an increase of Rs 6.00 to Rs 1256.50 in the morning session, they sa
Published 11 Mar, 2014 12:00am
Sluggish business on cotton market

Sluggish business on cotton market

Not much activity was witnessed on the cotton market on Monday as millers and spinners were sidelines due to less buying interest, dealers said. The official spot rate was unchanged at Rs 6,850, they added. Prices of seed cotton in Sindh per 40 kg were in
Published 11 Mar, 2014 12:00am
Corn slips from six-month high ahead of US report

Corn slips from six-month high ahead of US report

Chicago corn slid for a second session on Monday, falling from a six-month high as investors squared positions ahead of a US government report on global supply-demand of agricultural products due later in the day. Soybeans fell after hitting a contract hi
Published 11 Mar, 2014 12:00am
Mixed trend on grain market

Mixed trend on grain market

Almost prices moved both ways on the wholesale grain market on Monday in the process of modest trading, dealers said. On the cereals side, Moong Punjab and Peshawar both dropped by Rs 125 to Rs 11375, wheat old (Bardan) gained Rs 50 to Rs 3900, Guwar Sind
Published 11 Mar, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

Pakistan Mercantile Exchange (PMEX) witnessed 59 per cent increase in value traded on Monday. Total value of trade went up to PKR 6,958 million from PKR 4,364 million on Friday. Number of lots traded increased to 26,847 from 20,298. PMEX Commodity Index w
Published 11 Mar, 2014 12:00am
HRW wheat bids steady

HRW wheat bids steady

Cash basis bids for hard red winter wheat were steady in the US Plains on Monday. Temperatures were warming up through the key wheat-growing areas of Kansas and neighbouring states. Protein premiums for railcar wheat to and through Kansas City fell 4-11 c
Published 11 Mar, 2014 12:00am
Indian tea prices drop on sluggish demand

Indian tea prices drop on sluggish demand

Average tea prices in India, the world's second-biggest producer, dropped at last week's auction due to sluggish demand for poor quality leaf from leading buyers. The CTC (crush-tear-curl) grade leaf was sold at 105.07 rupees ($1.72) per kg last week, dow
Published 11 Mar, 2014 12:00am
USDA cuts soyabean stocks

USDA cuts soyabean stocks

The US Department of Agriculture on Monday cut its estimate of US ending stocks of soyabeans but the reduction was less than analysts were expecting and futures fell sharply. The government's forecast of the size of soyabean crops in Brazil and Argentina
Published 11 Mar, 2014 12:00am
India's February natural rubber imports almost double

India's February natural rubber imports almost double

India's natural rubber imports in February nearly doubled to 18,141 tonnes from a year ago, the state-run Rubber Board said, as a sharp drop in overseas prices prompted tyre makers to increase overseas purchases. In February, prices of tyre grade rubber f
Published 11 Mar, 2014 12:00am
SME business delegation visits Japan

SME business delegation visits Japan

Sohail P. Ahmed, Chairman of PJBF, led a delegation of medium sized businesses of Pakistan to Japan. The forum had arranged match making appointments with their potential counterparts in Japan. The delegation was the second of its kind by PJBF. The first
Published 11 Mar, 2014 12:00am
Cross adjustment of input tax: FBR, SRB to sign MoU on Thursday

Cross adjustment of input tax: FBR, SRB to sign MoU on Thursday

After all the derelictions and delays, the hot issue of input tax adjustment between the Sindh Revenue Board (SRB) and Federal Board of Revenue (FBR) has finally been resolved and a Memorandum of Understan-ding (MoU) between the two bodies is scheduled to
Published 11 Mar, 2014 12:00am
Cross adjustment of input tax: FBR, SRB to sign MoU on Thursday

Cross adjustment of input tax: FBR, SRB to sign MoU on Thursday

After all the derelictions and delays, the hot issue of input tax adjustment between the Sindh Revenue Board (SRB) and Federal Board of Revenue (FBR) has finally been resolved and a Memorandum of Understan-ding (MoU) between the two bodies is scheduled to
Published 11 Mar, 2014 12:00am
Cross adjustment of input tax: FBR, SRB to sign MoU on Thursday

Cross adjustment of input tax: FBR, SRB to sign MoU on Thursday

After all the derelictions and delays, the hot issue of input tax adjustment between the Sindh Revenue Board (SRB) and Federal Board of Revenue (FBR) has finally been resolved and a Memorandum of Understan-ding (MoU) between the two bodies is scheduled to
Published 11 Mar, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (March 10, 2014) and for Tuesday (March 11, 2014).
Published 11 Mar, 2014 12:00am
PTI agrees to join government committee in TTP talks

PTI agrees to join government committee in TTP talks

The Pakistan Tehreek-e-Insaf (PTI) on Monday agreed to partake in the dialogue being held between the government and the Tehreek-e-Taliban Pakistan (TTP) and has named Khyber Pakhtunkhwa lawmaker Gulzar Khan as its representative on the government committ
Published 11 Mar, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (March 10, 2014).

Published 11 Mar, 2014 12:00am
PTI agrees to join government committee in TTP talks

PTI agrees to join government committee in TTP talks

The Pakistan Tehreek-e-Insaf (PTI) on Monday agreed to partake in the dialogue being held between the government and the Tehreek-e-Taliban Pakistan (TTP) and has named Khyber Pakhtunkhwa lawmaker Gulzar Khan as its representative on the government committ
Published 11 Mar, 2014 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 11 Mar, 2014 12:00am
Shell Pakistan Limited

Shell Pakistan Limited

Shell Pakistan is one of the oldest multinational companies in Pakistan with its history in Indo-Pak dating back to 1903 when Shell Transport and Trading Company and Royal Dutch Petroleum Company decided to merge and supply petroleum to Asia. The company
Published 11 Mar, 2014 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 11 Mar, 2014 12:00am
Shell Pakistan Limited

Shell Pakistan Limited

Shell Pakistan is one of the oldest multinational companies in Pakistan with its history in Indo-Pak dating back to 1903 when Shell Transport and Trading Company and Royal Dutch Petroleum Company decided to merge and supply petroleum to Asia. The company
Published 11 Mar, 2014 12:00am
Bullion Rates

Bullion Rates

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

Published 11 Mar, 2014 12:00am
KP-Fata/Pata areas: ATIR ruling specifies three-year tax exemption

KP-Fata/Pata areas: ATIR ruling specifies three-year tax exemption

The Appellate Tribunal Inland Revenue has ruled that a three-year tax exemption to KP-Fata/Pata areas under clause 126 F of Second Schedule of Income Tax Ordinance, 2001 is not applicable in cases which are subjected to final taxation.
Published 11 Mar, 2014 12:00am
Bullion Rates

Bullion Rates

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

Published 11 Mar, 2014 12:00am
Supreme Court seeks explanation about female pilot harassment

Supreme Court seeks explanation about female pilot harassment

Supreme Court on Monday ordered the government and national airline to explain why they have failed to take action over the sexual harassment of a senior female pilot. Captain Rifat Haye, who joined Pakistan International Airlines (PIA) in 1990, said in a
Published 11 Mar, 2014 12:00am
The Weather

The Weather

The weather report on Monday (March 10, 2014) and the forecast for Tuesday (March 11, 2014).

Published 11 Mar, 2014 12:00am
Government urged to raise water dispute with India at all forums

Government urged to raise water dispute with India at all forums

Senate on Monday adopted a unanimous resolution demanding the government to include water dispute with India at all levels including composite dialogue, terming it a major problem for the country in future. Syed Sughra Imam, a PPP lawmaker, moved the reso
Published 11 Mar, 2014 12:00am
Tax Year 2013: FBR serving notices on all non-filer NTN-holders

Tax Year 2013: FBR serving notices on all non-filer NTN-holders

The Federal Board of Revenue is serving notices to all National Tax Number (NTN) holders, who failed to file their income tax returns for Tax Year 2013. Official said on Monday that the FBR has issued instructions to all Regional Tax Offices (RTOs) to iss
Published 11 Mar, 2014 12:00am
Nine killed in Karachi violence

Nine killed in Karachi violence

At least 9 persons were killed in different incidents of violence in metropolis, here on Monday. According to police and rescue sources, five persons were killed when unknown armed men barged into a house located in Mach Goth No-2, Keamari Town, in the ju
Published 11 Mar, 2014 12:00am
KCCI dispatches relief goods: business community pledges more help

KCCI dispatches relief goods: business community pledges more help

Business community has expressed sympathy with the people of drought-hit Tharparkar District assuring them of all possible help and immediate dispatch of relief goods for them. The Karachi Chamber of Commerce and Industry (KCCI) has taken the lead and dis
Published 11 Mar, 2014 12:00am
IHC suspends removal order of DG HEC

IHC suspends removal order of DG HEC

The Islamabad High Court (IHC) on Monday reinstated a director general of the HEC, Muhammad Anees Sadozai while suspending his contract termination order. A single member bench comprising Justice Riaz Ahmed Khan issued directives while hearing a plea file
Published 11 Mar, 2014 12:00am
25 Umerkot dehs declared calamity-hit

25 Umerkot dehs declared calamity-hit

After Tharparkar district, Sindh Government, on Monday, has declared 25 Dehs of district Umerkot as calamity-hit due to drought like situation, Business Recorder has learnt. Sources, inside the Chief Minister House, told that following the directiv
Published 11 Mar, 2014 12:00am
Reconstituted team to be announced within three days: Nisar tells Sami

Reconstituted team to be announced within three days: Nisar tells Sami

Federal Interior Minister Chaudhry Nisar Ali Khan on Monday said that the government would announce its reconstituted team for holding talks with the Taliban within next two to three days. He telephoned member of the Taliban-nominated negotiation committe
Published 11 Mar, 2014 12:00am
Car sales up by six percent YoY in 8MFY14

Car sales up by six percent YoY in 8MFY14

As per the latest numbers released by PAMA, locally manufactured car sales (including LCVs and Jeeps) stood at 87,887 units during 8MFY14 vs. 82,979 units, an improvement of 6%YoY. The growth primarily stems from HCAR while sales of the other two major as
Published 11 Mar, 2014 12:00am
Special kids: Punjab government setting up rehabilitation centre

Special kids: Punjab government setting up rehabilitation centre

Punjab Chief Minister Shahbaz Sharif has said the Punjab government is setting up a centre of excellence for the rehabilitation of special children in the provincial metropolis, where a 100-bed hospital and a research centre would also be established. He
Published 11 Mar, 2014 12:00am
PR's indifference to encroachments delays KCR project

PR's indifference to encroachments delays KCR project

Pakistan Railways (PR) seemed to be indifferent to vacate its encroached land in Karachi, which is creating problems for foreign investors to initiate the multi-millions Karachi Circular Railway (KCR) project. Although Federal Minister for Railways, Khwaj
Published 11 Mar, 2014 12:00am
Water supply to Hub industries enhanced

Water supply to Hub industries enhanced

Irrigation and power department of Balochistan has decided to supply 4.5 cusecs water daily to the industries of Hub and 3 cusecs to those outside Lasbela Industrial Estate Development Authority (LIEDA) to keep industries operative. The situation of water
Published 11 Mar, 2014 12:00am
US MIDDAY: gold flat

US MIDDAY: gold flat

Gold prices were little changed early on Monday as disappointing Chinese export data helped underpin the market, with bullion investors closely monitoring the latest development in the stand-off in Ukraine between Russia and the West. Earlier in the sessi
Published 11 Mar, 2014 12:00am
US MIDDAY: soya drops

US MIDDAY: soya drops

US soyabean futures dropped on Monday on the US Agriculture Department unexpectedly smaller cuts to domestic stockpiles and South American crop production forecasts, traders said. Corn futures also sagged, dropping 2.6 percent from the six-month high hit
Published 11 Mar, 2014 12:00am
Gold climbs in Europe

Gold climbs in Europe

Gold recovered from early losses to edge higher on Monday as support from the stand-off in Ukraine offset pressure from last week's strong US payrolls data and weakness in other commodities after a sharp drop in Chinese exports. Russian foreign Minister S
Published 11 Mar, 2014 12:00am
Gold drops in Asia

Gold drops in Asia

Gold extended losses to a second session on Monday after strong US jobs data eased worries of an economic slowdown and dimmed the metal's safe-haven appeal. Fears among Chinese investors over a slowdown in the world's second biggest economy also hurt pric
Published 11 Mar, 2014 12:00am
Coffee at two-year top

Coffee at two-year top

Arabica coffee prices on ICE climbed to a two-year high in light volume on Monday after top grower Brazil's parched coffee belt received less weekend rain than expected, raising the prospect of a 2014/15 global deficit. Liffe robusta coffee climbed in sym
Published 11 Mar, 2014 12:00am
Palm oil surges on drop in stocks

Palm oil surges on drop in stocks

Malaysian palm oil futures rose to their highest level since mid-September 2012 on Monday after an industry report showed that stocks in the world's No 2 producer fell to an eight-month low as dry weather hindered output. Industry regulator the Malaysian
Published 11 Mar, 2014 12:00am
Rubber down

Rubber down

Benchmark TOCOM rubber futures tumbled to the lowest in more than a week in early trade on Monday after weekend data showed an unexpected fall in Chinese exports, adding to worries about the economy of the world's top buyer of rubber. The Tokyo Commodity
Published 11 Mar, 2014 12:00am
Oil sinks on weak China data and as heating season ends

Oil sinks on weak China data and as heating season ends

US oil fell by more than $1 per barrel on Monday, pressured by an unexpected drop in China's exports that stoked fears of a slowdown in the world's second-largest economy. Moderating temperatures that will reduce the need for heating fuels also weighed on
Published 11 Mar, 2014 12:00am
Copper at eight-month low

Copper at eight-month low

London copper hit an eight-month low on Monday and Shanghai contracts dropped by their 5 percent daily limit, fanned by fears over the unwinding of copper finance deals in China after its first domestic bond default last week. Adding to the downward press
Published 11 Mar, 2014 12:00am
Shanghai copper slides

Shanghai copper slides

Shanghai copper dropped by its 5 percent daily limit on Monday to its lowest in more than four years after weak Chinese trade data fanned concerns over its metals industry following the country's first domestic bond default last week. China's exports unex
Published 11 Mar, 2014 12:00am
EU sees wheat production staying high

EU sees wheat production staying high

The European Union's wheat production should remain nearly unchanged in 2014/2015 as a rise in the area sown should offset lower yields, the European Commission said on Wednesday. In its first estimate for the 2014 harvest, the Commission pegged the EU's
Published 11 Mar, 2014 12:00am
15 GM cotton varieties: NBC may approve commercialisation

15 GM cotton varieties: NBC may approve commercialisation

The National Bio-Safety Committee (NBC) is likely to grant approval to the long awaited 15 cotton varieties with Genetically Modified Organism (GMO) for commercialisation, sources revealed. Official sources revealed to Business Recorder that after
Published 11 Mar, 2014 12:00am
Art expo at UET Peshawar from tomorrow

Art expo at UET Peshawar from tomorrow

The University of Engineering and Technology, Peshawar is holding the Arts Exhibition and Competition 'KAAWISH' from March 12 to 13. The Literary and Debating Society (LDS), a student society of UET, Peshawar has arranged the event comprising 11 categorie
Published 11 Mar, 2014 12:00am
Nuclear power plants IAEA appreciates safe, secure operation: FO

Nuclear power plants IAEA appreciates safe, secure operation: FO

International Atomic Energy Agency (IAEA) has appreciated Pakistan's safe and secure operation of nuclear power plants, said Foreign Office spokesperson Tasnim Aslam. According to her, Director General, International Atomic Energy Agency (IAEA) Monday cal
Published 11 Mar, 2014 12:00am
MCCI hails women empowerment package

MCCI hails women empowerment package

Women entrepreneurs and social welfare sub-committee of Multan Chamber of Commerce and Industry (MCCI) hailed comprehensive package for women empowerment by Punjab Chief Minister Shahbaz Sharif for bringing women into mainstream of national development. A
Published 11 Mar, 2014 12:00am
Fake allotment of land: NAB arrests official from Mardan

Fake allotment of land: NAB arrests official from Mardan

National Accountability Bureau (NAB) Khyber Pakhtunkhwa arrested accused Hazrat Sher, an official of Settlement Department, Mardan, who in connivance with officials of Revenue Department Mardan and other accused persons allegedly involved in fake allotmen
Published 11 Mar, 2014 12:00am
Improving currency: impact on economy & sectors

Improving currency: impact on economy & sectors

The PkR fortune has taken a U-turn in recent times as it was the best performing Asian currency for the week ended Mar 07'14. During the week, the PkR appreciated by 1.7% against the US$, while in today's session it has broken the big figure of PkR101 to
Published 11 Mar, 2014 12:00am
LDA to hold auction of two plots on March 13

LDA to hold auction of two plots on March 13

Lahore Development Authority (LDA) will put up for sale two plots, reserved for setting up educational institutions, through auction on March 13. According to LDA's spokesperson on Monday, plots are situated in sector A-II Township measures 14 kanals and
Published 11 Mar, 2014 12:00am
2,277 polio teams to vaccinate 0.58 million children in FATA

2,277 polio teams to vaccinate 0.58 million children in FATA

The Governor, Khyber Pakhtunkhwa Engineer Shaukatullah was Monday informed that 2277 teams have been constituted to reach out to 0.58 million target population in FATA in the upcoming campaign of this year. This was told to him during a briefing here duri
Published 11 Mar, 2014 12:00am
Dar for early reimbursement of CSF from US

Dar for early reimbursement of CSF from US

Thomas Williams, Charge'd Affairs US Embassy in Islamabad called on the Finance Minister Senator Mohammad Ishaq Dar here on Monday. The Finance Minister informed the Charge'd Affairs that the structural reforms, the new government undertook in the last ei
Published 11 Mar, 2014 12:00am
Woman empowerment: Shahbaz Sharif's strong commitment

Woman empowerment: Shahbaz Sharif's strong commitment

Punjab government's pronouncement for bringing necessary amendments in laws related to women and making these laws up-to-date in accordance with the present day requirements, is a manifestation of strong commitment of Chief Minister, Punjab, Muhammad Shah
Published 11 Mar, 2014 12:00am
Rupee resilience

Rupee resilience

The recent strengthening of the rupee vis-a-vis the dollar has generated considerable speculation as to whether this trend is sustainable. Supporters of the Federal Finance Minister Ishaq Dar cite his oft-repeated commitment to the nation that he would br
Published 11 Mar, 2014 12:00am
Death and starvation in Tharparkar

Death and starvation in Tharparkar

PPP Patron-in-Chief Bilawal Bhutto Zardari has ordered relief and rehabilitation operations in the drought-hit areas of Tharparkar. That makes it look like a sudden calamity has hit the desert district of Sindh province. In reality it has been a slow unfo
Published 11 Mar, 2014 12:00am
New peaks in short-termism

New peaks in short-termism

Last week, the Finance Minister admitted that in 2013-14, revenue collection could fall short by Rs 130 billion and, as expected, federal government's development budget has been cut by Rs 115 billion (ie from Rs 540 billion to Rs 425 billion) to bridge t
Published 11 Mar, 2014 12:00am
US public pensions need more than investment windfall

US public pensions need more than investment windfall

Double-digit annual returns for most US public pension systems over the past two years have done little to shrink the yawning deficits facing many of them after a decade of inadequate funding, according to analysts and recent data. Thanks to a robust stoc
Published 11 Mar, 2014 12:00am
Business community in NISP

Business community in NISP

Pakistan's first National Internal Security policy NISP 2014-2018 becomes a reality as the cabinet approves it. The increasing debate on peace talks, terrorism and the NISP reflects its importance for Pakistan. Peace talks with different groups of Taliban
Published 11 Mar, 2014 12:00am
The issue of leadership-II

The issue of leadership-II

Mian Nawaz Sharif is a weak, insecure individual, who has a history of welting down under pressure and taking the route to least resistance, like scooting to a safe haven under Saudi protection. The nation is witnessing Mian Sahib's DNA traits in the curr
Published 11 Mar, 2014 12:00am
Mild quake jolts Sibi

Mild quake jolts Sibi

A 4.5 magnitude earthquake jolted Sibi and adjoining areas on Monday morning, seismologists said.
Published 11 Mar, 2014 12:00am
Ayaz Sadiq proceeds to Geneva to attend IPU Assembly

Ayaz Sadiq proceeds to Geneva to attend IPU Assembly

Speaker National Assembly Sardar Ayaz Sadiq on Monday embarked to attend, 130th Assembly of the Inter-Parliamentary Union (IPU), which begin at Geneva, Switzerland from 16-20 March. The Speaker National Assembly is leading Parliamentary delegation compris
Published 11 Mar, 2014 12:00am
By-elections in Punjab rigged, says Imran

By-elections in Punjab rigged, says Imran

Pakistan Tehreek-i-Insaf (PTI) Chairman Imran Khan has again alleged that the recent by-elections in Punjab was rigged and added that he will take up the matter with the acting Chief Election Commissioner (CEC) of Pakistan during his expected meeting on T
Published 11 Mar, 2014 12:00am
Quality education prerequisite for progress: Baber Ali

Quality education prerequisite for progress: Baber Ali

Quality education is pre-requisite to take Pakistan to new heights of progress and prosperity, said Syed Baber Ali, Chief Executive Packages Ltd and Pro-Chancellor, Lahore University of Management Sciences (LUMS). Addressing a gathering of leading entrepr
Published 11 Mar, 2014 12:00am
MUL, CGU launch Executive MBA in Entrepreneurship

MUL, CGU launch Executive MBA in Entrepreneurship

Minhaj University Lahore (MUL) in collaboration with Cambridge Graduate University USA (CGU) has officially launched its global Executive MBA Programme in Entrepreneurship. This programme is designed for ambitious professionals with the potential and desi
Published 11 Mar, 2014 12:00am
Mobilink launches 'Desi cricket commentary' service

Mobilink launches 'Desi cricket commentary' service

Mobilink has added 'Desi Cricket Commentary' service to its bouquet of voice based IVR services. The Desi Commentary will provide customers with the opportunity to listen in live telecast of cricket matches in the voice of renowned comedians in Pakistan.
Published 11 Mar, 2014 12:00am
Waste-to-Energy Power Project: LCCI may sign MoU with LWMC

Waste-to-Energy Power Project: LCCI may sign MoU with LWMC

Moving ahead with its plan to put up a private sector-led 10MW power project, the Lahore Chamber of Commerce and Industry (LCCI) expressed inclination to sign a Memorandum of Understanding (MoU) with Lahore Waste Management Company (LWMC) in connection wi
Published 11 Mar, 2014 12:00am
Commonwealth Day observed

Commonwealth Day observed

The National Assembly of Pakistan, in collaboration with Commonwealth Parliamentary Association (CPA), observed for the first time in Pakistan, "the Commonwealth Day" with the theme 'Team Commonwealth' here at the Pakistan Institute for Parliamentary Serv
Published 11 Mar, 2014 12:00am
SHC moved against impounding rickshaws

SHC moved against impounding rickshaws

All Karachi CNG Six-seater Rickshaw Welfare Association on Monday approached the Sindh High Court (SHC) against Karachi traffic police for impounding their rickshaws. The Welfare Association, through its President, Muhammad Abdul Qayum Khan, filed a petit
Published 11 Mar, 2014 12:00am
UAE sentences Pakistani to death

UAE sentences Pakistani to death

An Emirati court has sentenced a Pakistani man to death after convicting him of trafficking four kilograms (8.8 pounds) of heroin in the Gulf country, media reported Monday. The defendant, identified only by his initials W.A., was arrested in a sting oper
Published 11 Mar, 2014 12:00am
Indian rupee hits seven-month high

Indian rupee hits seven-month high

The Indian rupee rallied to its highest level in seven months on Monday as foreign investors continued to buy into both equities and debt, even as most other Asian currencies fell after surprisingly weak Chinese trade data. Strong dollar selling by custod
Published 11 Mar, 2014 12:00am
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