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Print - 2014-03-14
Barca and PSG ease into last eight

Barca and PSG ease into last eight

Four-time Champions League winners Barcelona and French champions Paris Saint Germain suffered few problems in reaching the quarter-finals of this season's competition on Wednesday. Barcelona - who had come into their game on the back of some poor league
Published 14 Mar, 2014 12:00am
28 killed, 365 injured in Venezuela protests: attorney general

28 killed, 365 injured in Venezuela protests: attorney general

A total of 28 people have been killed and 365 injured in anti-government protests rocking Venezuela, the country's top prosecutor said Thursday, lamenting an atmosphere of "violence and chaos". "In all there have been 28 deaths" since the protests first e
Published 14 Mar, 2014 12:00am
UN probes US rights record

UN probes US rights record

A UN watchdog body on Thursday began a review of the United States' human rights record, quizzing officials on National Security Agency surveillance, the "war on terror" and racism in the justice system. The 18-member UN Human Rights Committee fired quest
Published 14 Mar, 2014 12:00am
Turkey Prime Minister accuses opponents of 'terrorising' streets

Turkey Prime Minister accuses opponents of 'terrorising' streets

Turkish Prime Minister Recep Tayyip Erdogan on Thursday accused his opponents of trying to stir up chaos ahead of key local elections later this month, a day after clashes in which two people died. Erdogan said demonstrators had destroyed the Istanbul off
Published 14 Mar, 2014 12:00am
OECD suspends Russian membership process, favours Ukraine

OECD suspends Russian membership process, favours Ukraine

The Organisation for Economic Co-operation and Development said on Thursday that it had postponed the process for Russian membership and said it would boost links with Ukraine. The OECD, a key policy forum for advanced democracies, said that at the reques
Published 14 Mar, 2014 12:00am
US, EU threaten 'very serious' response over Crimea

US, EU threaten 'very serious' response over Crimea

Washington warned Russia on Thursday it was preparing a "very serious" response together with Europe to a breakaway vote in Ukraine's Crimea that has sparked the most explosive East-West stand-off since the Cold War. US Secretary of State John Kerry said
Published 14 Mar, 2014 12:00am
Syria tensions claim two more lives in north Lebanon

Syria tensions claim two more lives in north Lebanon

Two people were killed, including a 10-year-old girl, in the Lebanese city of Tripoli Thursday in fighting linked to tensions over the war in neighbouring Syria, a security official said. After several weeks of relative calm, new clashes broke out between
Published 14 Mar, 2014 12:00am
Workers sue McDonald's for systematic theft of wages

Workers sue McDonald's for systematic theft of wages

US workers accused fast-food giant McDonald's Thursday of systematically stealing wages through illicit practices like shaved hours and unpaid overtime. Seven class-action lawsuits were filed Wednesday and Thursday in California, Michigan and New York dem
Published 14 Mar, 2014 12:00am
Bayern Munich president gets jail for tax fraud

Bayern Munich president gets jail for tax fraud

A German court Thursday sentenced football legend Uli Hoeness, president of powerhouse club Bayern Munich, to three and a half years in jail for major tax fraud. The verdict for cheating the German state out of 28.5 million euros ($39.5 million) spelled t
Published 14 Mar, 2014 12:00am
Malaysia rejects jet 'debris' images and four-hour flight report

Malaysia rejects jet 'debris' images and four-hour flight report

Malaysia said Thursday that satellite images of suspected debris from a missing jet were yet another false lead, and debunked a report the plane had flown on for hours after losing contact - leaving the nearly week-old mystery no closer to being solved.
Published 14 Mar, 2014 12:00am
Algeria Prime Minister steps down to run Bouteflika re-election

Algeria Prime Minister steps down to run Bouteflika re-election

Algerian premier Abdelmalek Sellal resigned Thursday to head the re-election campaign of President Abdelaziz Bouteflika who is expected to secure a fourth term next month despite serious health concerns. Sellal, 65, is a technocrat with no party affiliati
Published 14 Mar, 2014 12:00am
Diana leaked royal directory to UK tabloid, court hears

Diana leaked royal directory to UK tabloid, court hears

The late Princess Diana leaked a royal phone directory to the now defunct News of the World tabloid, its former royal editor told Britain's phone-hacking trial on Thursday. Clive Goodman said that Diana sent him the information by post in 1992, the year s
Published 14 Mar, 2014 12:00am
ICAP, IBS New Jersey hold seminar

ICAP, IBS New Jersey hold seminar

The Southern Regional Committee of the Institute of Chartered Accountants of Pakistan (ICAP) organised a seminar in collaboration with the Institute of Business Strategy (IBS), New Jersey on the topic "The CFO: Becoming a Strategic Partner" on Thursday at
Published 14 Mar, 2014 12:00am
660 megawatts coal-fired power plant KE signs MoU with Chinese company

660 megawatts coal-fired power plant KE signs MoU with Chinese company

K-Electric (KE), formerly KESC in a statement on Thursday announced that the company is on its way to facilitate setting up of a 660 MW Green Field Coal-Fired Power Plant, which will be an achievement in itself as it is going to be the first in the histor
Published 14 Mar, 2014 12:00am
Sindh government decides to launch surgical operation in Lyari

Sindh government decides to launch surgical operation in Lyari

The Sindh government has decided in principle to launch surgical operation in violence-prone Lyari to rid the neighbourhood of criminal elements. A decision in this regard was taken during an important meeting on law and order, presided over by Sindh Chie
Published 14 Mar, 2014 12:00am
Lyari residents stage protest against gangs infight

Lyari residents stage protest against gangs infight

Hundreds of women, children and men on Thursday protested against the government for its failure to bring peace to Lyari town as they buried 16 people who were killed in Wednesday's clash between rival gangs. The protesters carried placards and chanted sl
Published 14 Mar, 2014 12:00am
Oil and refinery sector: five Chinese companies keen to invest in Gwadar

Oil and refinery sector: five Chinese companies keen to invest in Gwadar

Chairman Gwadar Port Authority (GPA) Dostain Khan Jamaldini has said that Several Chinese companies have shown keen interest to invest in the oil and refinery sector in the Gwadar. While China has already approved nine projects worth $1.8 billion in a bid
Published 14 Mar, 2014 12:00am
Rupee revaluation: exporters demand compensation

Rupee revaluation: exporters demand compensation

Leather garment exporters are demanding compensation from the government for the recent Rupee revaluation. This was stated by Fawad Ijaz Khan Patron-in-Chief of Pakistan Leather Garments Manufacturers and Exporters Association. Fawad has said that everyon
Published 14 Mar, 2014 12:00am
KSE to introduce PUCARS from March 17

KSE to introduce PUCARS from March 17

Pakistan Unified Corporate Action Reporting System (PUCARS) will be introduced in Karachi Stock Exchange Limited (KSEL) from March 17, 2014. According to a notification issued by KSE on Thursday, for post demutualization and segregation of Regulatory Func
Published 14 Mar, 2014 12:00am
Restoration of peace: PPP to support government's initiatives: Gilani

Restoration of peace: PPP to support government's initiatives: Gilani

Pakistan People's Party (PPP) would support the initiatives of the incumbent government for restoration of peace in the country. "It is premature to comment on the government's move to reinitiate dialogue process with the Taliban, but PPP would support th
Published 14 Mar, 2014 12:00am
Three Pakistanis selected to WEF's Young global leaders Program

Three Pakistanis selected to WEF's Young global leaders Program

Three Pakistanis have been selected for the World Economic Forum's, Young Global Leaders program (YGLs). The YGL's from Pakistan are Ali Jehangir Siddiqui, CEO of Mahvash & Jahangir Siddiqui Foundation, Sabeen Mahmud, Founder of T2F and Mosharraf Zaidi, F
Published 14 Mar, 2014 12:00am
Four killed in incidents of violence

Four killed in incidents of violence

At least 4 persons were killed in different incidents of violence while a body was recovered in metropolis, here on Thursday. According to police and rescue sources, Ahmad Khan son of Abdul Majid was shot and killed while Sher Bano wife of Ahmad Khan was
Published 14 Mar, 2014 12:00am
Foreign crew complain about overloading flights posing threat to safety

Foreign crew complain about overloading flights posing threat to safety

Foreign cockpit crew acquired by Pakistan International Airlines on wet lease have complained of overloading the aircraft with cargo which imbalances the flight and is a hazard to safety. PIA had acquired four Boeing 737-800, two from Turkey and two from
Published 14 Mar, 2014 12:00am
'Mobile banking to help tap 20 percent unbanked people by 2020'

'Mobile banking to help tap 20 percent unbanked people by 2020'

Dr Muhammad Saleem, member commercial of Pakistan Telecommunication Authority (PTA), has said that the use of mobile banking will help tap 20 percent unbanked people by 2020. Speaking at the 7th International Mobile Commerce Conference, here on Thursday,
Published 14 Mar, 2014 12:00am
Nadra sets up camp offices in Tharparkar UCs

Nadra sets up camp offices in Tharparkar UCs

Nadra sets up camp offices in Taluka Diplo, Noekot and in different UCs to provide free of cost computerised national identity cards to the residents of the area. According to a press release issued here on Thursday, camp offices have been set up to issue
Published 14 Mar, 2014 12:00am
Security of investors: CDC to hold awareness seminars in big cities

Security of investors: CDC to hold awareness seminars in big cities

In a move to make investors more knowledgeable for the protection of their securities, Central Depository Company (CDC) has decided to organise awareness seminars in big cities of the country, it was learnt on Thursday. This decision was taken in the ligh
Published 14 Mar, 2014 12:00am
Free kidney diseases screening camp set up

Free kidney diseases screening camp set up

Aziz Tabba Kidney Centre on Thursday organised a free kidney diseases screening camp to celebrate the World Kidney Day. Aware of its social responsibilities, Aziz Tabba Centre has been organising such camps regularly for the last six years. This year over
Published 14 Mar, 2014 12:00am
Rupee appreciation

Rupee appreciation

No doubt, finance minister Ishaq Dar is delivering at least in one major area finance of currency. He has been able to bring dollar-rupee parity into 'double digits'. He, therefore, deserves kudos for this achievement.
Published 14 Mar, 2014 12:00am
With SPR test, Obama warms up to flex US energy muscle

With SPR test, Obama warms up to flex US energy muscle

A rare US test of its strategic oil reserves may be just coincidentally timed with the most serious stand-off with Russia in decades, but the underlying message of the move announced on Wednesday left little doubt: Prepare for the rise of a new global ene
Published 14 Mar, 2014 12:00am
Nuclear threat to Karachi? - I: The PAEC's response

Nuclear threat to Karachi? - I: The PAEC's response

The article "Nuclear threat to Karachi? - I" carried by Business Recorder on 12 March 2014, by Syed Akhtar Ali, was circulated earlier through emails on 26th February, 2014, as 'Occasional Paper on' "The Nuclear Threat to Karachi". The PAEC respons
Published 14 Mar, 2014 12:00am
Tax on gain on immovable property: Who is violating the Constitution?

Tax on gain on immovable property: Who is violating the Constitution?

The unanimously-passed 18th Constitutional Amendment, received assent of President on April 19, 2010, was undoubtedly a titanic exercise aimed at securing consensus through parliamentary negotiations between divergent, conflicting and competing interests
Published 14 Mar, 2014 12:00am
An uncalled for threat

An uncalled for threat

The JUI-F is up in arms about the government's plan to introduce, as part of a new internal security policy, reform of madrassah education aimed at countering sectarian violence and promoting religious harmony. Reacting angrily to the proposal in a recent
Published 14 Mar, 2014 12:00am
The 'Nawaz Sharif dividend'

The 'Nawaz Sharif dividend'

At a news conference Federal Finance Minister Ishaq Dar proudly announced that the "difficult period" for the economy was over and that the price of all items - from onions to the dollar - has declined which would have a major positive impact on the domes
Published 14 Mar, 2014 12:00am
Life insurers must enter into 'CISSII' pact before May 1: SECP

Life insurers must enter into 'CISSII' pact before May 1: SECP

The Securities and Exchange Commission of Pakistan (SECP) has directed life insurance industry to ensure that all life insurers have entered into the Centralised Information Sharing Solution for Life Insurance Industry (CISSII) Participation Agreement bef
Published 14 Mar, 2014 12:00am
LB polls: AG Punjab asked to seek instructions

LB polls: AG Punjab asked to seek instructions

The Supreme Court on Thursday issued directives to Advocate General Punjab to seek instructions from government about time that is required for a legislation to hold Local Bodies (LB) polls in the province by March 19. Appearing before a three-member benc
Published 14 Mar, 2014 12:00am
Peshawar University, US CG sign MoU

Peshawar University, US CG sign MoU

Peshawar University and Consulate General of United States of America on Thursday signed an agreement to jointly establish a public information and activity centre at the Lincolns Corner of Varsity. A Memorandum of Understanding to this effect was signed
Published 14 Mar, 2014 12:00am
Gang involved in debit/credit cards fraud busted

Gang involved in debit/credit cards fraud busted

Be careful debit/credit cardholders! Plunders are prowling in the city to skim your bank details from the cards during transactions. Federal Investigation Agency (FIA) has recently busted one of the active gangs involved in stealing money amounting to Rs
Published 14 Mar, 2014 12:00am
Zardari's case: Accountability court adjourns hearing to April 2

Zardari's case: Accountability court adjourns hearing to April 2

An Accountability Court on Thursday accepted the request of former President Asif Ali Zardari's advocate to grant exemption to his client, Asif Ali Zardari, in a NAB references. Accountability Court Judge Muhammad Bashir was hearing a NAB references case
Published 14 Mar, 2014 12:00am
Quality issues: Ogra gives PSO a clean chit

Quality issues: Ogra gives PSO a clean chit

The Oil and Gas Regulatory Authority (OGRA) has expressed satisfaction over the quality of different petroleum products being supplied by the state-run Oil Marketing Company (OMC) Pakistan State Oil (PSO), an official communiqué stated.
Published 14 Mar, 2014 12:00am
UBL UK launches agent-based money transfer service

UBL UK launches agent-based money transfer service

United Bank UK (UBL UK) - a subsidiary of United Bank Limited and National Bank of Pakistan on Thursday launched its agent-based money transfer service, UBL Omni. UBL UK is the first UK regulated bank which is offering a money transfer service through a n
Published 14 Mar, 2014 12:00am
PHC issues stay order against merger of APTMA zones

PHC issues stay order against merger of APTMA zones

A division bench of Peshawar High Court comprising Justice Nisar Hussain Khan and Justice Mussarat Hilali issued a stay order on the amalgamation of All Pakistan Textile Mills Association (APTMA) of KP Zone with Punjab Zone as one Northern Zone of the ass
Published 14 Mar, 2014 12:00am
Pfizer celebrates International Women's Day

Pfizer celebrates International Women's Day

Aimed at emphasising the importance of the commitments made by the international community to women's health, Pfizer Pakistan recently celebrated International Women's Day. On this occasion, Dr Farid Khan, Country Manager, Pfizer Pakistan said: Women have
Published 14 Mar, 2014 12:00am
KSEZ offers huge potential for investment: DG SBI

KSEZ offers huge potential for investment: DG SBI

The DG, Sindh Board of Investment, Muhammad Riazuddin has said that the Zone provides a perfect platform with all basic infrastructure facilities. Some of the key sectors which offer huge potential for investment within the KSEZ are Non-Agro, Agro Food an
Published 14 Mar, 2014 12:00am
SBP's forex reserves up $702 million

SBP's forex reserves up $702 million

Liquid forex reserves held by the State Bank of Pakistan posted a notable increase of $702 million in a week. According to weekly forex report issued by the central bank on Thursday, during last week the SBP's liquid forex reserves rose by 18 percent to $
Published 14 Mar, 2014 12:00am
SBP's forex reserves up $702 million

SBP's forex reserves up $702 million

Liquid forex reserves held by the State Bank of Pakistan posted a notable increase of $702 million in a week. According to weekly forex report issued by the central bank on Thursday, during last week the SBP's liquid forex reserves rose by 18 percent to $
Published 14 Mar, 2014 12:00am
Nine suspects held with huge arms, ammunition

Nine suspects held with huge arms, ammunition

Frontier Corps (FC) on Thursday arrested at least nine suspected persons and recovered a huge quantity of arms and ammunition during a search operation here. The FC spokesperson told the media persons that FC personnel lodged a search operation in Munawwa
Published 14 Mar, 2014 12:00am
Lucky Cement takes international Earth Hour campaign to KPK

Lucky Cement takes international Earth Hour campaign to KPK

Lucky Cement Limited (LCL), Pakistan's largest producer and leading exporter of quality cement, has joined hands with WWF Pakistan in hosting Earth Hour - world's largest volunteer campaign, throughout Pakistan. The campaign started with a school outreach
Published 14 Mar, 2014 12:00am
Lack of coordination hurting GSP plus opportunity

Lack of coordination hurting GSP plus opportunity

The government is unable to assess the actual benefits of Generalised System of Preferences (GSP) plus for Pakistani exports due to a lack of coordination between the ministry of commerce, textile and Federal Board of Revenue (FBR), it is learnt. Textile
Published 14 Mar, 2014 12:00am
Government yet to appoint Nadra chairman

Government yet to appoint Nadra chairman

The government is yet to appoint a full-time chairman of National Database and Registration Authority (NADRA), on a post lying vacant since January 10, 2014. The last NADRA chairman Tariq Malik resigned on January 10 and since then the government has not
Published 14 Mar, 2014 12:00am
China to invest $50 billion in energy, infrastructure projects till 2017

China to invest $50 billion in energy, infrastructure projects till 2017

China is to invest $50 billion in energy and infrastructure projects in Pakistan till 2017 of which $35 billion investment is anticipated in energy sector. This was disclosed by the Minister for Planning, Development and Reforms, Ahsan Iqbal at a recent m
Published 14 Mar, 2014 12:00am
Major-General Tayyab Azam assumes Command of FC KP

Major-General Tayyab Azam assumes Command of FC KP

Major General Muhammad Tayyab Azam took over the Command of Frontier Corps KP replacing Major General Ghayur Mahmood, says a release of Frontier Corps issued on Thursday. The change of Command ceremony was held here at Headquarter Frontier Corps Balahisar
Published 14 Mar, 2014 12:00am
Etihad wins CSR award for third year

Etihad wins CSR award for third year

Etihad Airways, the national airline of the United Arab Emirates, have won the Global Corporate Social Responsibility Leadership Premium Award at the 2014 CSR Business Excellence Awards in Pakistan for the third year running. The award recognises the airl
Published 14 Mar, 2014 12:00am
Byco poised to bring revolution in refining capacity

Byco poised to bring revolution in refining capacity

With the commissioning of the largest oil refinery in the country, Byco is poised to help ease the burden of imported refined petroleum products on the country. Pakistan is in the grip of crippling energy crisis while the government works tirelessly to ea
Published 14 Mar, 2014 12:00am
Cross-adjustment of ST: FBR, SRB and PRA ink MoUs

Cross-adjustment of ST: FBR, SRB and PRA ink MoUs

The Federal Board of Revenue (FBR), Sindh Revenue Board (SRB) and Punjab Revenue Authority (PRA) Thursday signed Memorandum of Understandings (MoUs) on the cross-adjustment of sales tax on goods and services levied by the federal and provincial government
Published 14 Mar, 2014 12:00am
Qaim visits Mitthi hospital

Qaim visits Mitthi hospital

Chief Minister Sindh Syed Qaim Ali Shah visited the civil hospital here on Thursday and inquired about the health of ailing children and reviewed the performance of its staff and provision of facilities to patients. During his visit to the children ward,
Published 14 Mar, 2014 12:00am
Tawfiq Husain made PBA secretary general

Tawfiq Husain made PBA secretary general

Tawfiq Husain has been appointed Secretary General, Pakistan Banks' Association (PBA), announcing the appointment, Shazad Dada, Chairman, PBA, said "we are delighted to have a senior and respected banker like Tawfiq Husain joined PBA as we look to further
Published 14 Mar, 2014 12:00am
Geelani flies to Delhi for treatment

Geelani flies to Delhi for treatment

One of Indian Kashmir's best-known separatist leaders, Sayed Ali Geelani, is battling an acute respiratory infection and has been flown to New Delhi for hospital treatment, a party spokesman said Thursday. Geelani, 84, has for years suffered from multiple
Published 14 Mar, 2014 12:00am
LHC issues notice to CTO in Umar Akmal case

LHC issues notice to CTO in Umar Akmal case

The Lahore High Court here on Thursday issued notice to Chief Traffic Officer (CTO) for April 1, in response to a petition of cricketer Umar Akmal challenging cancellation of his driving license. On previous hearing, Justice Shahzada Mazhar had suspended
Published 14 Mar, 2014 12:00am
Over 600 professionals attend CFO Conference

Over 600 professionals attend CFO Conference

Institute of Chartered Accountants of Pakistan (ICAP) has organised its annual CFO Conference here on Thursday. The conference 'From conformance to Leadership-Evolving Role of CFOs' was attended by more than 600 professionals from the fraternity of financ
Published 14 Mar, 2014 12:00am
LDA auctions 15 plots for Rs 104.3 million

LDA auctions 15 plots for Rs 104.3 million

A total of 15 plots, including six commercial and nine residential, were auctioned by Lahore Development Authority (LDA) against a sum of Rs 104.3 million on Thursday. Open auction of commercial plots of 23 commercial plots of Johar Town and Mustafa Town,
Published 14 Mar, 2014 12:00am
MCCI hails appreciation of Pakistan Rupee against US dollar

MCCI hails appreciation of Pakistan Rupee against US dollar

President of Multan Chamber of Commerce and Industry (MCCI) Khawaja Usman hails the appreciation of Pak Rupee against US dollar, terming it a good sign for country's economy. He was of the view that revaluation of rupee against dollar was due to the outst
Published 14 Mar, 2014 12:00am
Sudden drop in dollar's value turns all export businesses to the red

Sudden drop in dollar's value turns all export businesses to the red

Sudden drop in the US dollar's value against the Pak Rupee has turned all the export businesses in red while the exporters have suffered huge losses during last 10 days. Payments expected to be realised at Rs 105 were received at 6-8 percent less value as
Published 14 Mar, 2014 12:00am
Depreciation of dollar: minister hails government policies

Depreciation of dollar: minister hails government policies

Terming depreciation in worth of dollar against Pak rupee as good omen for national economy, the PML-N senior leader Mohammad Pervez Malik said positive economic indicators are ample proof that the present government is making all out efforts to put econo
Published 14 Mar, 2014 12:00am
Pakistanis urged to avail of business opportunities in Malaysia

Pakistanis urged to avail of business opportunities in Malaysia

Malaysian High Commissioner (HC) to Pakistan Dr Hasrul Sani Mujtabar on Thursday appealed to Pakistani businessman to use Malaysia as launching pad to penetrate into Asean market that offers huge trade and investment potential. The Malaysian HC was speaki
Published 14 Mar, 2014 12:00am
FCCI trade team to leave for Brazil tomorrow

FCCI trade team to leave for Brazil tomorrow

A high-profile trade delegation of Pakistani businesspeople by the Faisalabad Chamber of Commerce and Industry (FCCI) will leave for Brazil on March 15, on a two-week trip to explore the Brazilian market (seventh largest economy in the world). This FCCI t
Published 14 Mar, 2014 12:00am
PQA appointments: notices issued over failure to submit report

PQA appointments: notices issued over failure to submit report

The Supreme Court Thursday issued notices to federal Secretary Port and Shipping, Secretary Cabinet Division, Chairman, Director General Administration and seven other officials of Port Qasim Authority (PQA) over their failure to submit a report over ille
Published 14 Mar, 2014 12:00am
'Roundtable with GE-Ashoka Changemakers Award Winners' held

'Roundtable with GE-Ashoka Changemakers Award Winners' held

The two Pakistani female winners of GE & Ashoka Changemakers Award for their best innovative ideas on Thursday hoped their projects will serve the female section of the society in a better way. Seher Hafeez had coined the idea to set up an exclusive bus c
Published 14 Mar, 2014 12:00am
Taxmen to lose allowance for failure to utilise Crest

Taxmen to lose allowance for failure to utilise Crest

The Federal Board of Revenue (FBR) has decided to withdraw special pay package/allowance of the tax officials, who would fail to utilise the Computerised Risk-Based Evaluation of Sales Tax (Crest) for detecting discrepancies in the sales tax returns/state
Published 14 Mar, 2014 12:00am
CNG outlets in Punjab: SNGPL all set to restore gas supply

CNG outlets in Punjab: SNGPL all set to restore gas supply

The Sui-Northern Gas Pipelines Limited (SNGPL) is to restore two days a week gas supply to CNG outlets in Punjab, which was suspended on December 10, 2013 owing to low gas pressure. According to officials, the gas utility was to restore gas supply to thes
Published 14 Mar, 2014 12:00am
National Assembly body supports establishment of NLC

National Assembly body supports establishment of NLC

The National Assembly Standing Committee on Information and Broadcasting and National Heritage Thursday supported establishment of a National Language Commission (NLC) to decide which major mother tongues be given status of National Language.
Published 14 Mar, 2014 12:00am
Talks with Taliban: government hopeful of positive outcome

Talks with Taliban: government hopeful of positive outcome

After a 'straight no' from the armed forces to become part of ongoing peace process with the Taliban, the federal government is still optimistic to hear a good news from the Taliban committee, which left for North Waziristan Agency (NWA) on Thursday via s
Published 14 Mar, 2014 12:00am
Cotton reverses, ekes out gain on short-covering, mill fixations

Cotton reverses, ekes out gain on short-covering, mill fixations

ICE cotton advanced on Wednesday for a third straight session, bucking a broader commodities sell-off as trade buying and mill fixations lifted prices from a one-week low. The most-active May cotton contract on ICE Futures US edged up 0.55 cent, or 0.6 pe
Published 14 Mar, 2014 12:00am
Shanghai copper falls

Shanghai copper falls

Shanghai copper futures gave up early gains on Thursday, sitting not far off multi-year lows on concerns about China's economic slowdown and high inventory in the world's top consumer of the industrial metal. China's economy slowed markedly in the first t
Published 14 Mar, 2014 12:00am
Copper resumes decline

Copper resumes decline

Copper resumed its decline on Thursday after a brief recovery the previous day as concerns about the economy of top consumer China intensified following data showing weak industrial output and retail sales. Hefty losses for the metal used in power and con
Published 14 Mar, 2014 12:00am
Oil flat around $108; China data offset supply worry

Oil flat around $108; China data offset supply worry

Oil held near $108 a barrel on Thursday as weaker-than-expected Chinese economic data offset worries about disruption of supply prompted by the stand-off between Russia and Western powers over Ukraine. Brent crude was down 22 cents to $107.80 at 1453 GMT,
Published 14 Mar, 2014 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures inched lower on Thursday, after trading in a narrow range, as weaker-than-expected data from China amplified concerns of a slowdown in the economy of the world's biggest rubber consumer. The benchmark rubber contract on the
Published 14 Mar, 2014 12:00am
Soyabeans fall

Soyabeans fall

US soyabean futures dropped 1.8 percent on Wednesday on worries about waning demand from China, the world's top buyer of the oilseed. Traders said there was talk that China had backed out of previously agreed purchases of both US and Brazilian soya suppli
Published 14 Mar, 2014 12:00am
Palm oil falls

Palm oil falls

Malaysian palm oil futures extended losses into a third straight session on Thursday, reversing earlier gains as traders positioned themselves ahead of industry data due out in the coming days. By the close, the benchmark May contract on the Bursa Malaysi
Published 14 Mar, 2014 12:00am
Coffee surges

Coffee surges

Arabica coffee futures rose and traded near a two-year high, underpinned by concerns over drought in Brazil, while cocoa rose on expectations of a global deficit and firm demand. Raw sugar was flat and upside potential generally in soft commodities was ca
Published 14 Mar, 2014 12:00am
Gold extends gains in Asia

Gold extends gains in Asia

Gold extended gains to a third session on Thursday, scaling fresh six-month highs as investors sought to hedge their bets against geopolitical tensions in Ukraine and economic slowdown fears in China. Spot gold rose 0.4 percent to $1,371.76 an ounce by 07
Published 14 Mar, 2014 12:00am
Gold up in New York

Gold up in New York

Gold surged 1.3 percent on Wednesday, hitting a near six-month high as fears of more corporate defaults in China and the geopolitical tug-of-war between Russia, Ukraine and the West boosted bullion's appeal as an insurance against riskier assets. Spot gol
Published 14 Mar, 2014 12:00am
Gold retreats from six-month highs in Europe

Gold retreats from six-month highs in Europe

Gold retreated from six-month highs on Thursday after stronger-than-expected US jobs and retail sales data lifted the dollar off early lows, but prices were underpinned by tensions surrounding Russia's stand-off over Ukraine. Earlier, gold had risen to $1
Published 14 Mar, 2014 12:00am
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