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May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-03-15
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 63,529 tonnes of cargo comprising 40,263 tonnes of import cargo and 23,266 tonnes of export cargo including 4,271 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 40,26
Published 15 Mar, 2014 12:00am
Time to take time out

Time to take time out

My lodgings backed against the grand mosque at KAUST (King Abdullah University of Science and Technology) in Saudi Arabia. The calls to prayer that rang through campus began and ended my days there, and punctuated them every few hours in between.
Published 15 Mar, 2014 12:00am
Natural spectacles

Natural spectacles

Enzo Forciniti's profession is written, so to speak, in his face: the 32-year-old is wearing a very discreet pair of wooden-framed spectacles. Forciniti designed and made the frames himself and he has opened a small shop in the eastern German city of Leip
Published 15 Mar, 2014 12:00am
ART FACTS: Tangible and intangible

ART FACTS: Tangible and intangible

Naiza Khan seems to be inspired equally by almost every artistic medium her multilayered body of artistic works covers paintings, prints, photographs, sculptures, videos and charcoal sketches in an exhibition titled 'The Weight of Things' at Koel Gallery,
Published 15 Mar, 2014 12:00am
Volcanoes saw species survive ice ages

Volcanoes saw species survive ice ages

The steam and heat from volcanoes allowed species of plants and animals to survive past ice ages, a study showed Tuesday, offering help for scientists dealing with climate change. An international team of researchers said their analysis helped explain a l
Published 15 Mar, 2014 12:00am
Funding crime thru illicit trade in cigarettes

Funding crime thru illicit trade in cigarettes

Wait before you light up! The smuggled cigarettes you are buying and smoking may just be funding one of the biggest crime syndicates in Pakistan; undermining national security itself. You might shrug this off as an exaggeration; but it's not. Let me expla
Published 15 Mar, 2014 12:00am
KARACHI CHRONICLE: The killing fields of Lyari

KARACHI CHRONICLE: The killing fields of Lyari

That the gang war has spilled out of Lyari into other neighbourhoods is a reality that has found its best expression in the tragedy of Monday March 10 when five young Baloch men, three of them professional boxers, were killed in Mowachh Goth, on suspicion
Published 15 Mar, 2014 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Cash basis bids for hard red winter wheat were steady in the US Plains on Thursday with concerns persisting about dry conditions in the region. A drought report issued Thursday by a consortium of state and federal climatologists said that the week ended M
Published 15 Mar, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

Pakistan Mercantile Exchange (PMEX) witnessed another 13 percent decrease in the value traded on Friday. Total value of trade declined to PKR 3,576 million from PKR 4,110 million recorded on Friday. Number of lots traded went down to 14,774 from 18,975. H
Published 15 Mar, 2014 12:00am
FOB US Gulf corn offers weaker

FOB US Gulf corn offers weaker

FOB US Gulf corn basis offers were weaker late Thursday on quiet demand as importers turned to South America for cheaper supplies, traders said. While US corn out of the Gulf was uncompetitive with Brazil and Argentina, PNW corn values for export showed a
Published 15 Mar, 2014 12:00am
US natural gas futures fall for third day

US natural gas futures fall for third day

US natural gas futures fell for a third day on Thursday, easing 2.4 percent after an expected record-setting withdrawal from storage and forecasts for less heating demand over the next two weeks. The front-month natural gas futures contract on the New Yor
Published 15 Mar, 2014 12:00am
China cancels LatAm soyabean cargoes as poor margins hit demand

China cancels LatAm soyabean cargoes as poor margins hit demand

Chinese soyabean importers have cancelled up to 600,000 tonnes of South American soyabean cargoes for shipment between March and May, two trade sources said, as an outbreak of bird flu in the country and negative crush margins curb demand. US soyabean fut
Published 15 Mar, 2014 12:00am
Global powers sign declaration on sustainable fishing

Global powers sign declaration on sustainable fishing

Officials from some of the world's top fishing powers signed a declaration in Greece on Friday to promote sustainable management of fish stocks. The signatories - the EU, United States, Japan, Philippines, Colombia and Indonesia - pledged to support measu
Published 15 Mar, 2014 12:00am
Cotton market: rates stable amid cautious buying by mills

Cotton market: rates stable amid cautious buying by mills

Millers and spinners did a cautious buying on the cotton market on Friday as uncertainties fully persisted after surprising fall in the rates of dollar versus the rupee during the week, dealers said. The official spot rate held the overnight level at Rs 6
Published 15 Mar, 2014 12:00am
Indian sugar, soya futures end higher

Indian sugar, soya futures end higher

Indian sugar futures closed up on Thursday as overseas sales from the world's second top producer improved, traders said. Indian mills are exporting more raw sugar to Iran and Asian markets, aided by a production incentives package and recovering world pr
Published 15 Mar, 2014 12:00am
Banks to be hit with Microsoft costs for running outdated ATMs

Banks to be hit with Microsoft costs for running outdated ATMs

Banks around the world, consumed with meeting more stringent capital regulations, will miss a deadline to upgrade outdated software for automated teller machines (ATMs) and face additional costs to Microsoft to keep them secure. The US software company fi
Published 15 Mar, 2014 12:00am
Banks to be hit with Microsoft costs for running outdated ATMs

Banks to be hit with Microsoft costs for running outdated ATMs

Banks around the world, consumed with meeting more stringent capital regulations, will miss a deadline to upgrade outdated software for automated teller machines (ATMs) and face additional costs to Microsoft to keep them secure. The US software company fi
Published 15 Mar, 2014 12:00am
Oil price pressure to ease despite global tension: IEA

Oil price pressure to ease despite global tension: IEA

A surge in supply from Iraq and other oil producers should be more than sufficient to meet growing demand this year, reducing pressure on markets despite rising international tensions, the West's energy watchdog said on Friday. "While international tensio
Published 15 Mar, 2014 12:00am
ECB ready to fight deflation, keeps close eye on euro: Draghi

ECB ready to fight deflation, keeps close eye on euro: Draghi

The European Central Bank has been preparing additional policy steps to guard against deflation taking hold in the euro zone as the strong euro weighs on prices, ECB President Mario Draghi said on Thursday. The risks of deflation were "quite limited" at p
Published 15 Mar, 2014 12:00am
Canada household debt-to-income ratio slips from record high

Canada household debt-to-income ratio slips from record high

The ratio of Canadian household debt to income in the fourth quarter of 2013 slipped from a record high while net worth rose, bolstering the Bank of Canada's belief that the housing market is in for a soft landing. Statistics Canada said the ratio of hous
Published 15 Mar, 2014 12:00am
Eurozone employment rises first time in three years in Q4

Eurozone employment rises first time in three years in Q4

Eurozone employment rose for the first time in nearly three years in the last quarter of 2013 adding to signs of the bloc's gradual economic recovery, with clear improvement also in the most troubled southern region. Employment in the euro zone inched up
Published 15 Mar, 2014 12:00am
US consumer sentiment slips; bad weather eyed

US consumer sentiment slips; bad weather eyed

US consumer sentiment weakened in early March as an unusually harsh winter appeared to dim views on the economy's prospects. The preliminary Thomson Reuters/University of Michigan index of consumer sentiment fell to 79.9 in March from 81.6 the prior month
Published 15 Mar, 2014 12:00am
India's wholesale inflation eases

India's wholesale inflation eases

India's wholesale price-based inflation eased to a nine-month low in February as food and fuel prices moderated, raising expectations that the central bank would leave interest rates unchanged at its policy review next month. The wholesale price index (WP
Published 15 Mar, 2014 12:00am
Missing persons: hearing adjourned to March 20

Missing persons: hearing adjourned to March 20

The Supreme Court on Friday adjourned the proceedings of missing persons' case and directed the Attorney General's office to arrange a meeting between Tasif Malik, who is detained in Lucky Marwat detention center, and his family. A three-member bench head
Published 15 Mar, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (March 14, 2014).

Published 15 Mar, 2014 12:00am
Gold surges in New York

Gold surges in New York

Gold rose to a six-month high on Thursday as fears of economic slowdown in China and lingering worries about Russia's stand-off with Ukraine over Crimea dampened demand for riskier assets and boosted bullion's appeal. Spot gold was up 0.4 percent at $1,37
Published 15 Mar, 2014 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on March 11, 2014.

Published 15 Mar, 2014 12:00am
ICE sugar plunges

ICE sugar plunges

ICE raw sugar futures fell more than 4 percent to a two-week low on Friday as traders liquidated long positions on signs that a recent rally triggered by weather worries in top grower Brazil may have been overdone. Arabica coffee on ICE Futures US also dr
Published 15 Mar, 2014 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on March 11, 2014.

Published 15 Mar, 2014 12:00am
Palm oil falls

Palm oil falls

Malaysian palm oil futures extended losses into a fourth straight session on Friday, as traders said recent gains were overdone and lower comparative vegetable oils could signal slower demand from major buyer China. By the close, the benchmark May contrac
Published 15 Mar, 2014 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on March 11, 2014.

Published 15 Mar, 2014 12:00am
Wheat sags

Wheat sags

US wheat futures fell 1.5 percent on Thursday, their biggest decline in two weeks, on a profit-taking setback following a rally to their highest level since late October, traders said. Corn futures also sagged, with weakness in wheat prices weighing, but
Published 15 Mar, 2014 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 15 Mar, 2014 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 15 Mar, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (March 14, 2014).

Published 15 Mar, 2014 12:00am
Rubber little changed

Rubber little changed

Benchmark Tokyo rubber futures closed little changed on Friday, but marked a nearly 4 percent weekly gain, supported by firm demand for rubber from other countries. The benchmark rubber contract on the Tokyo Commodity Exchange (TOCOM) for August delivery
Published 15 Mar, 2014 12:00am
The Weather

The Weather

The weather report on Friday (March 14, 2014) and the forecast for Saturday (March 15, 2014).

Published 15 Mar, 2014 12:00am
Copper moves up

Copper moves up

Copper rose on Friday but was on track for its biggest weekly loss in 11 months, with fears about credit problems and industrial demand in top consumer China capping gains. Benchmark three-month copper on the London Metal Exchange, untraded at the close,
Published 15 Mar, 2014 12:00am
Shanghai copper slips

Shanghai copper slips

The most-traded June copper contract on the Shanghai Futures Exchange fell 1 percent to 44,140 a tonne on Friday, having earlier hit 44,020, close to Wednesday's trough of 43,660, which was its lowest since July 2009. But suggesting a floor may be forming
Published 15 Mar, 2014 12:00am
New York cotton hits 6-1/2 month high, then slips on export data

New York cotton hits 6-1/2 month high, then slips on export data

Lower weekly export sales of US cotton helped push prices of the fibre down on Thursday after a three-day runup, but not before the market hit a 6-1/2 month high on a fresh burst of buying. "It's fair to assume the rally of the past three days was enough
Published 15 Mar, 2014 12:00am
Four more killed in Karachi

Four more killed in Karachi

At least four persons were killed in different incidents of violence in the metropolis on Friday. According to police and rescue sources, Owais, 28, son of Aiwan and Imran, 26, were shot and killed by unknown persons near Lyari Slaughter House. The bodies
Published 15 Mar, 2014 12:00am
Another spell of rains likely from today

Another spell of rains likely from today

The Met Office on Friday forecast another spell of winter rain during the next 2-3 days (Saturday to Monday) across the country except Sindh province. Met Office said: "another westerly wave, presently causing rain/snow in Afghanistan, is likely to enter
Published 15 Mar, 2014 12:00am
PN continues relief efforts in Thar

PN continues relief efforts in Thar

Pakistan Navy (PN) continues relief efforts at drought-hit area in Thar, which include provision of ration goods/food packages, medical assistance through medical camps and water distribution, says a press release issued on Friday. The PN relief camp has
Published 15 Mar, 2014 12:00am
Fitness Model Championship on March 16

Fitness Model Championship on March 16

Muscle Mania Pakistan is going to organise "Mr Pakistan, Jr Mr Teens and Fitness Model Championship" here at Mehfil Theater Abbot Road on Sunday (tomorrow). Around 200 body builders from Pakistan are participating in the event, President of Muscle Mania P
Published 15 Mar, 2014 12:00am
PTCL launches exclusive Corporate SMS service

PTCL launches exclusive Corporate SMS service

Pakistan Telecommunication Company Limited (PTCL) has launched an exclusive Corporate SMS Service, first-of-its kind in Pakistan, says a press release. The service is a complete bulk SMS management system which manages SMS campaigns and offers built-in co
Published 15 Mar, 2014 12:00am
SZABIST scholar successfully defends his PhD dissertation

SZABIST scholar successfully defends his PhD dissertation

Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST), Karachi, Department of Management Science PhD Scholar Javed Ahmed Qureshi has successfully defended his PhD dissertation in a public session. The title of his dissertation was "Cor
Published 15 Mar, 2014 12:00am
Taliban not involved in blasts: spokesman

Taliban not involved in blasts: spokesman

The banned Tehreek-e-Taliban Pakistan has disassociated itself from the blasts in Peshawar and Quetta, according to TTP spokesperson. Shahidullah Shahid has said that TTP is not involved in any Friday blasts. And he also added that if any Taliban group wa
Published 15 Mar, 2014 12:00am
Virk new DG FBR's intelligence unit

Virk new DG FBR's intelligence unit

A seasoned tax official Lutfullah Virk (Pakistan Customs Service/BS-21) has been given a new assignment of Director General, Directorate General of Intelligence & Investigation, FBR, Islamabad, with immediate effect.
Published 15 Mar, 2014 12:00am
$1.2 billion projects approved for Gwadar Port

$1.2 billion projects approved for Gwadar Port

Prime Minister Nawaz Sharif has accorded formal approval to nine projects costing $1.2 billion for Gwadar Port. These projects will be completed in two to three years by China Overseas Ports Holding Company Limited. An official of the Ports and Shipping M
Published 15 Mar, 2014 12:00am
Selection of CEOs: FCHPSO's purview restricted to 22 PSEs

Selection of CEOs: FCHPSO's purview restricted to 22 PSEs

Federal government has limited the purview of the Federal Commission for Selection of Heads of Public Sector Organisations (FCHPSO) in selection of Chief Executive Officers (CEOs) of public sector entities with around 30 government enterprises taken out o
Published 15 Mar, 2014 12:00am
Pakistan, Bahrain to sign BIT: King Hamad due on March 18

Pakistan, Bahrain to sign BIT: King Hamad due on March 18

Pakistan and Bahrain will sign Bilateral Investment Treaty (BIT) in addition to other pacts during the visit of King of Bahrain Hamad Bin Isa Al-Khalifa, official sources told Business Recorder. Bahraini King is scheduled to visit Pakistan from 18-
Published 15 Mar, 2014 12:00am
Government favouring power thieves: LHC

Government favouring power thieves: LHC

The Lahore High Court here on Friday observed that government is favouring electricity thieves by giving excessive bills to the public and called a report about the difference between the grid stations and open meters reading. The court passed these direc
Published 15 Mar, 2014 12:00am
38 injured in kite-flying incidents

38 injured in kite-flying incidents

Despite the ban on kite flying, kite-flyers played havoc across the garrison city by using lethal metal string and resorting to aerial firing during kite flying, injuring 38 people including women and children. Out of the 38, 17 sustained bullet injuries;
Published 15 Mar, 2014 12:00am
SM Muneer's appointment as TDAP chief hailed

SM Muneer's appointment as TDAP chief hailed

The Lahore Chamber of Commerce and Industry (LCCI) has congratulated the newly appointed Chief Executive Officer of Trade Development Authority of Pakistan (TDAP) S M Muneer and expressed the hope that TDAP's new CEO would evolve a comprehensive strategy
Published 15 Mar, 2014 12:00am
'Economic Corridor' Senate body irked by redesigning

'Economic Corridor' Senate body irked by redesigning

The Senate Standing Committee on Communication strongly protested against the re-designing of Economic Corridor (Gwadar-Kashgar route), saying that major cities of Balochistan have been excluded from the new route while the most disturbed areas of the pro
Published 15 Mar, 2014 12:00am
Pakistan supports unity, territorial integrity of Ukraine: Mushahid

Pakistan supports unity, territorial integrity of Ukraine: Mushahid

Pakistan fully supports the unity, territorial integrity, sovereignty and independence of Ukraine, and rejects any attempt by use of force or otherwise to change internationally recognised and universally accepted borders. Talking to Ambassador of Ukraine
Published 15 Mar, 2014 12:00am
CIIT to hold third Pak-China Business Forum from March 21

CIIT to hold third Pak-China Business Forum from March 21

COMSATS Institute of Information Technology (CIIT) will organise third Pak-China Business Forum, from March 21-24, to promote University - Industry collaborations in business and economic sectors for the mutual benefit of both countries. In this forum 130
Published 15 Mar, 2014 12:00am
Dar hailed for directing FBR to clear refunds till April 15

Dar hailed for directing FBR to clear refunds till April 15

The Lahore Chamber of Commerce and Industry (LCCI) on Friday appreciated Finance Minister Ishaq Dar for directing the Federal Board of Revenue (FBR) to pay outstanding Sales Tax Refunds up to Rs 0.5 million in three weeks and one million rupee up April 15
Published 15 Mar, 2014 12:00am
PTI Punjab chief inaugurates Punjab Business Forum

PTI Punjab chief inaugurates Punjab Business Forum

PTI Punjab President Ejaz Chaudhry has said that business community is the life blood of economy and the PTI wants to promote best business practices in the county. For this purpose, the PTI has launched its business wing to be headed by Malik Shahzaid. E
Published 15 Mar, 2014 12:00am
Week-long celebrations of Francophonie begin

Week-long celebrations of Francophonie begin

The week-long celebration of Francophonie started here Friday aimed at creating solidarity among the countries and people, who share French as their common language, with a series of cultural prgrammes and media events. The launching ceremony was held at
Published 15 Mar, 2014 12:00am
Seminar held for homeless women in Khyber Pakhtunkhwa

Seminar held for homeless women in Khyber Pakhtunkhwa

A one-day seminar on the eve of International Women Day was held under the auspices of Social Welfare Department at Half Way House, Hayatabad Peshawar wherein the wife of KP Chief Minister Pervez Khattak was the chief guest. Special Assistant to Chief Min
Published 15 Mar, 2014 12:00am
Inditex Group visits APTMA Punjab

Inditex Group visits APTMA Punjab

Representatives of Inditex group visited APTMA Punjab to interact with local industrialists of textile industry and understand the working environment in Pakistan. The Inditex group is a leading group of companies operating in textile design, manufacturin
Published 15 Mar, 2014 12:00am
Protesting nurses stopped from moving towards Punjab Assembly

Protesting nurses stopped from moving towards Punjab Assembly

Protesting nurses had a scuffle with police when they were blocked to hold their sit in outside the Punjab Assembly on Friday. The nurses who were holding sit-in for the last five days at Cooper Road move towards Punjab Assembly but police stopped the nur
Published 15 Mar, 2014 12:00am
PFA, UAF sign MoU for ensuring food safety

PFA, UAF sign MoU for ensuring food safety

The Punjab Food Authority (PFA) and National Institute of Food Science and Technology (Nifsat) of University of Agriculture Faisalabad (UAF) on Friday inked memorandum of understanding (MoU) for ensuring food safety with collaborative research, awareness
Published 15 Mar, 2014 12:00am
PIAF slates massive increase in power tariff

PIAF slates massive increase in power tariff

Massive increase in electricity tariff would not only hit industry hard but is bound to give a bad name to the government who is making out all efforts to put economy back on rail. Pakistan Industrial and Traders Association Front (PIAF) Chairman Malik Ta
Published 15 Mar, 2014 12:00am
PPCBL recovers Rs 4,194 million NPLs till 31 December 2013

PPCBL recovers Rs 4,194 million NPLs till 31 December 2013

Punjab Provincial Co-operative Bank Ltd has recovered non-performing loans amounting to Rs 4194 million from 30th June 2009 to 31st December 2013 out of which Rs 2400 million was principal amount and Rs 1793 million was mark up. This was stated in a high
Published 15 Mar, 2014 12:00am
PPCBL recovers Rs 4,194 million NPLs till 31 December 2013

PPCBL recovers Rs 4,194 million NPLs till 31 December 2013

Punjab Provincial Co-operative Bank Ltd has recovered non-performing loans amounting to Rs 4194 million from 30th June 2009 to 31st December 2013 out of which Rs 2400 million was principal amount and Rs 1793 million was mark up. This was stated in a high
Published 15 Mar, 2014 12:00am
FCCI plans to organise 'single country' exhibition with Afghanistan

FCCI plans to organise 'single country' exhibition with Afghanistan

Business community with the help of business friendly government will overcome the problems and difficulties and pave way for the economic revival of Pakistan within the next couple of years, said Engr Suhail Bin Rashid, President Faisalabad Chamber of Co
Published 15 Mar, 2014 12:00am
Zardari condemns blasts

Zardari condemns blasts

Former president Asif Ali Zardari strongly condemned the attacks on security vehicles in Peshawar and Quetta on Friday, in which nine and eleven people were reportedly killed and dozens injured. In a statement the former president said that the continuous
Published 15 Mar, 2014 12:00am
Punjab government to launch Khidmat Card from current month

Punjab government to launch Khidmat Card from current month

Punjab government decides to launch Punjab Khidmat Card programme from the current month. Under the first phase of the programme, monthly subsidy will be given to more than one million extremely low-income families, up to June 2014 with a sum of Rs 3 bill
Published 15 Mar, 2014 12:00am
BoP earns Rs 3,001 million before tax profit

BoP earns Rs 3,001 million before tax profit

A meeting of the Board of Directors of The Bank of Punjab was held on Friday. During the meeting, audited financial statements of the Bank for the year ended December 31, 2013 were approved by the Board. During the year 2013, the Bank earned before tax pr
Published 15 Mar, 2014 12:00am
BoP earns Rs 3,001 million before tax profit

BoP earns Rs 3,001 million before tax profit

A meeting of the Board of Directors of The Bank of Punjab was held on Friday. During the meeting, audited financial statements of the Bank for the year ended December 31, 2013 were approved by the Board. During the year 2013, the Bank earned before tax pr
Published 15 Mar, 2014 12:00am
WWF-P organises exploratory field visit for journalists

WWF-P organises exploratory field visit for journalists

World Wide Fund for Nature-Pakistan (WWF-P) organises an exploratory field visit for journalists to its Global Poverty Action Fund (GPAF) funded project 'Improving Livelihoods of Fishermen Communities of Central Indus Wetlands Complex, Pakistan through Ef
Published 15 Mar, 2014 12:00am
Back to load-shedding

Back to load-shedding

The Economic Co-ordination Committee (ECC) of the cabinet, the highest economic decision-making body in the country, expressed serious concern over projected electricity shortages during the coming summer months. The actual shortfall would be subject to t
Published 15 Mar, 2014 12:00am
First peace, then war

First peace, then war

On the question of result-oriented talks with Tehreek-e-Taliban Pakistan things are on the move again. Prime Minister Nawaz Sharif drove to a Xanadu of PTI chief Imran Khan in the suburbs of the Capital on Wednesday and successfully persuaded him - almost
Published 15 Mar, 2014 12:00am
Economics of poverty in Thar

Economics of poverty in Thar

The tragedy of Thar is that no one in the federal or the provincial government really understands what can or could have been done in the desert areas of Pakistan not just Thar. Even now the people of Thar are receiving short-term measures and not long te
Published 15 Mar, 2014 12:00am
Red light in Brazil auto market raises risk of a pile-up

Red light in Brazil auto market raises risk of a pile-up

Growth in Brazil's car market has screeched to a halt, but it is way too late for automakers to hit the brakes. While domestic sales retreat and exports plunge, Brazilian factories are adding over a million vehicles of new capacity in just a few years, ba
Published 15 Mar, 2014 12:00am
Russia Eurobond RFP poses dilemma

Russia Eurobond RFP poses dilemma

Russia's decision to issue a request for proposal for a new Eurobond has left banks in a delicate position as the country's stand-off with Ukraine shows no signs of abating. While all the leading firms are expected to pitch for the transaction, they will
Published 15 Mar, 2014 12:00am
Imran Khan's 'Taliban' shoes!

Imran Khan's 'Taliban' shoes!

While working for a petroleum multinational, one of my responsibilities, included crude oil trading. Indian Oil Corporation (IOC), headquartered at New Delhi, was of my clients. During one of the visits to IOC, I called on Dr Kelkar, who was the union sec
Published 15 Mar, 2014 12:00am
HRCP concerned over death of rape victim

HRCP concerned over death of rape victim

The Human Rights Commission of Pakistan (HRCP) has expressed grave concern after the death of a rape victim who had set herself ablaze because a police report had helped the rapist get bail in the case. In a statement issued on Friday the Commission said:
Published 15 Mar, 2014 12:00am
Sikh community stages protest against killing of Baba Param Jeet

Sikh community stages protest against killing of Baba Param Jeet

Condemning the killing of Baba Param Jeet Singh in district Charsadda, members of Sikh community on Friday staged a protest demonstration in Dabgari Peshawar. They demanded immediate arrest of killers and proper protection to the Sikh community. The prote
Published 15 Mar, 2014 12:00am
Erra to begin work on 85 new projects in three cities of AJ&K

Erra to begin work on 85 new projects in three cities of AJ&K

The Earthquake Reconstruction and Rehabilitation Authority (Erra) has decided to start work on 85 new projects in health, education and infrastructure development sectors in three quake-hit cities of Azad Kashmir. The decision was taken here on Friday at
Published 15 Mar, 2014 12:00am
Khyber Pakhtunkhwa NAB arrests alleged timber smuggler

Khyber Pakhtunkhwa NAB arrests alleged timber smuggler

KP National Accountability Bureau (NAB) on Friday arrested alleged timber smuggler Mohammad Faridoon of Mansehra. A reference had been filed against the accused and five others in the year 2007 for their involvement in illegal cutting of Chir and Kail tre
Published 15 Mar, 2014 12:00am
Nadra's response: Senate body expresses dissatisfaction

Nadra's response: Senate body expresses dissatisfaction

Seante Standing Committee on Rules of Procedures and Privileges expressed dissatisfaction over a report of Nadra as it failed to reply to a Senator's question and sought reinvestigation of the matter. The Committee met with Senator Colonel Syed Tahir Huss
Published 15 Mar, 2014 12:00am
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