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Print - 2014-03-28
Thursday's midday trade: stocks slip; Citi leads financials lower

Thursday's midday trade: stocks slip; Citi leads financials lower

US stocks slipped on Thursday as some positive economic data failed to counter lingering geopolitical concerns, although losses were limited as the end of the quarter approached. Markets were also pressured by a steep drop in Citigroup Inc shares, which s
Published 28 Mar, 2014 12:00am
Wall Street drops on Russia worry

Wall Street drops on Russia worry

US stocks fell on Wednesday, led by losses in the technology and materials sectors, as geopolitical concerns rose after the United States and the European Union agreed to work together on tougher sanctions on Russia. Trading remained choppy with US stocks
Published 28 Mar, 2014 12:00am
Indian shares continue to set records

Indian shares continue to set records

Indian shares rose to record highs for a fourth straight session on Thursday, as state-run lenders including State Bank of India extended recent gains on broker upgrades and on hopes of some easing at the central bank's policy review on Tuesday. Higher ro
Published 28 Mar, 2014 12:00am
Seoul shares up

Seoul shares up

Seoul shares rose to their highest closing level in four weeks on Thursday, as foreigners picked up large-cap stocks such as Samsung Electronics as concerns about the strength of coming first-quarter earnings results eased. The Korea Composite Stock Price
Published 28 Mar, 2014 12:00am
Treasury debt prices extend gains

Treasury debt prices extend gains

US Treasury debt prices extended gains on Wednesday after the government sold $35 billion in new five-year notes amid very strong demand from fund managers and other investors. Indirect bidders bought 50.9 percent of the sale but dealers took only 25.9 pe
Published 28 Mar, 2014 12:00am
Treasury debt prices extend gains

Treasury debt prices extend gains

US Treasury debt prices extended gains on Wednesday after the government sold $35 billion in new five-year notes amid very strong demand from fund managers and other investors. Indirect bidders bought 50.9 percent of the sale but dealers took only 25.9 pe
Published 28 Mar, 2014 12:00am
Hong Kong, China stocks down

Hong Kong, China stocks down

Hong Kong shares slipped 0.24 percent on Thursday following losses on Wall Street and as traders remain wary over the Crimean crisis. The benchmark Hang Seng Index lost 53.30 points to finish at 21,834.45 on turnover of HK$88.11 billion (US $11.37 billion
Published 28 Mar, 2014 12:00am
China boost for Alcatel and Total buoys European shares

China boost for Alcatel and Total buoys European shares

European equities edged higher on Thursday, lifted by a rise in telecoms equipment maker Alcatel and oil group Total which were both boosted by new Chinese deals. Alcatel Lucent rose 3.3 percent, making the stock the best performer in percentage terms on
Published 28 Mar, 2014 12:00am
Australian shares pare losses

Australian shares pare losses

Australian shares fell 0.5 percent on Thursday, but recouped some of their early steep losses as a handful of oil stocks recovered in late afternoon trade. The S&P/ASX 200 index slipped 26.7 points to 5,350.1 at the close of trade, as investors fretted ab
Published 28 Mar, 2014 12:00am
Southeast Asian markets: Philippine down, Indonesia retreats

Southeast Asian markets: Philippine down, Indonesia retreats

Stocks in the Philippines slid on Thursday as investors trimmed holdings in interest rate-sensitive stocks before the central bank's decision on interest rates, while shares in Indonesia retreated from a one-week high after late selling. The Philippine ma
Published 28 Mar, 2014 12:00am
Miners drag FTSE lower, Babcock slumps on rights issue

Miners drag FTSE lower, Babcock slumps on rights issue

Britain's top stock index fell on Thursday, with miners leading the retreat on lingering concerns their earnings could be hurt by weaker metals prices following an economic slowdown in China and improving supplies. Banks also lost ground after the Federal
Published 28 Mar, 2014 12:00am
Auto industry files 18 percent more international patents in 2013

Auto industry files 18 percent more international patents in 2013

The car industry's international patent filings jumped 18 percent in 2013, the World Intellectual Property Organisation (WIPO) said on Thursday, in part reflecting a push for new technologies to lower exhaust emissions. "In line with growing investments i
Published 28 Mar, 2014 12:00am
Bearings maker: SKF sees services driving record margins

Bearings maker: SKF sees services driving record margins

SKF, the world's biggest bearings maker, believes its services business which includes monitoring and maintaining equipment can tap customers' focus on cost savings and productivity improvements to help drive its profit margins to record highs. The Swedis
Published 28 Mar, 2014 12:00am
Bearings maker: SKF sees services driving record margins

Bearings maker: SKF sees services driving record margins

SKF, the world's biggest bearings maker, believes its services business which includes monitoring and maintaining equipment can tap customers' focus on cost savings and productivity improvements to help drive its profit margins to record highs. The Swedis
Published 28 Mar, 2014 12:00am
China vows to clean up 60 percent of cities by 2020

China vows to clean up 60 percent of cities by 2020

China pledged on Sunday that it will make sure that 60 percent of its cities meet national pollution standards by 2020, with pressure growing to make cities liveable as hundreds of millions of migrants are expected to relocate from the countryside. China'
Published 28 Mar, 2014 12:00am
Baselworld, taking the pulse on watches

Baselworld, taking the pulse on watches

The world's biggest watch fair is set to open this week in Basel, offering an industry showcase for the world's most extravagant, rare and complex time pieces. The 42nd edition of Baselworld, which opens in the northern Swiss city to the media on Wednesda
Published 28 Mar, 2014 12:00am
Congo Prime Minister says economy to boom in 2014, reassures investors

Congo Prime Minister says economy to boom in 2014, reassures investors

A sharp increase in mining production will drive economic growth in Democratic Republic of Congo to around 9.5 percent this year, one of the highest rates in Africa, Prime Minister Augustin Matata Ponyo said in an interview. Congo, a country the size of W
Published 28 Mar, 2014 12:00am
Australian central bank plays down inflation worries

Australian central bank plays down inflation worries

Australia's top central banker on Wednesday played down the risks of a sustained rise in domestic inflationary pressures, while cautioning investors against getting carried away in Australia's frothy housing market. Reserve Bank of Australia (RBA) Governo
Published 28 Mar, 2014 12:00am
BoJ can maximise policy impact by 'surprising' markets: Japan Amari

BoJ can maximise policy impact by 'surprising' markets: Japan Amari

Aiming for a surprise effect is one way the Bank of Japan can maximise the impact of any further monetary easing, Economics Minister Akira Amari said on Wednesday, saying that the central bank still had a role to play in ensuring a sustained end to deflat
Published 28 Mar, 2014 12:00am
UK may toughen executive pay rules if firms do not act

UK may toughen executive pay rules if firms do not act

The British government may introduce tougher rules on executive pay if companies and their investors fail to restore the link with performance, Business Secretary Vince Cable will say on Wednesday. Last year Britain tightened rules on how companies decide
Published 28 Mar, 2014 12:00am
South Africa's 2014 economic growth seen below potential

South Africa's 2014 economic growth seen below potential

South Africa's economy will not expand this year at the healthy rate seen in the past as rising interest rates crimp growth and its main trading partners struggle, a Reuters poll found on Wednesday. Africa's largest economy will grow by just 2.5 percent t
Published 28 Mar, 2014 12:00am
New Nigerian central bank boss vows stability, growth

New Nigerian central bank boss vows stability, growth

Nigeria's new central bank chief on Wednesday vowed to ensure economic stability to create jobs and boost growth, as lawmakers approved his appointment after the controversial suspension of his predecessor. Zenith Bank boss Godwin Emefiele will replace La
Published 28 Mar, 2014 12:00am
As BRICS economies grow up, 10 upstarts emerge

As BRICS economies grow up, 10 upstarts emerge

Indonesia, Bangladesh and Ethiopia are among 10 countries set to take over as emerging economies from the powerful BRICS nations as they struggle with growing pains, a French credit body said on Tuesday. "After 10 years of frenetic growth" the big five em
Published 28 Mar, 2014 12:00am
As BRICS economies grow up, 10 upstarts emerge

As BRICS economies grow up, 10 upstarts emerge

Indonesia, Bangladesh and Ethiopia are among 10 countries set to take over as emerging economies from the powerful BRICS nations as they struggle with growing pains, a French credit body said on Tuesday. "After 10 years of frenetic growth" the big five em
Published 28 Mar, 2014 12:00am
Nestle opens food safety research centre in Beijing

Nestle opens food safety research centre in Beijing

Nestle, the world's largest food company, has opened a food safety research centre in Beijing aimed at supporting Chinese authorities as they strengthen food safety policies and standards, the company said on Tuesday. Food safety is a huge issue in China
Published 28 Mar, 2014 12:00am
Eleven EU nations exceed air pollution ceilings

Eleven EU nations exceed air pollution ceilings

Eleven European Union nations breached ceilings for air pollution in 2012 despite plans to avert health-damaging smog of the sort that choked Paris this month, the European Environment Agency (EEA) said on Monday. The number rose from 10 in 2011, with the
Published 28 Mar, 2014 12:00am
Private equity-led group buys Nordic payments firm Nets for $3.1 billion

Private equity-led group buys Nordic payments firm Nets for $3.1 billion

A consortium led by two US private equity firms agreed on Monday to buy payment services company Nets Holding from a group of Nordic banks for 17 billion Danish crowns ($3.14 billion). Payment firms face a host of challenges from a shift in transactions f
Published 28 Mar, 2014 12:00am
Private equity-led group buys Nordic payments firm Nets for $3.1 billion

Private equity-led group buys Nordic payments firm Nets for $3.1 billion

A consortium led by two US private equity firms agreed on Monday to buy payment services company Nets Holding from a group of Nordic banks for 17 billion Danish crowns ($3.14 billion). Payment firms face a host of challenges from a shift in transactions f
Published 28 Mar, 2014 12:00am
China aims to launch pollution permit market within three years

China aims to launch pollution permit market within three years

China plans to launch a nation-wide market to trade pollution permits within three years as part of efforts to tackle its environmental crisis, the Ministry of Finance (MOF) said on Monday. The ministries of finance and environmental protection have submi
Published 28 Mar, 2014 12:00am
Saiddain made Chairman FPCCI body on leather

Saiddain made Chairman FPCCI body on leather

Vice President and Regional Chairman of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) S M Naseer has nominated Agha Saiddain as Chairman Regional Standing Committee on the leather sector for the year 2014. S M Naseer, in a letter, a
Published 28 Mar, 2014 12:00am
KP welfare body to follow BISP pattern

KP welfare body to follow BISP pattern

Khyber Pakhtunkhwa Chief Secretary Mohammad Shehzad Arbab chaired a presentation on the Khyber Pakhtunkhwa Deserving Widows and Special Persons Welfare Foundation at the committee room of Civil Secretariat, Peshawar on Thursday to implement the Chief Mini
Published 28 Mar, 2014 12:00am
Transfers, postings in FBR

Transfers, postings in FBR

The Federal Board of Revenue (FBR) has made transfers/postings of the following officers of the Pakistan Customs Service (BS-19-20) with immediate effect.
Published 28 Mar, 2014 12:00am
FBR may withdraw tax exemptions to specific sectors

FBR may withdraw tax exemptions to specific sectors

Federal Board of Revenue (FBR) is going to withdraw all tax exemptions granted to specific sectors and individuals in coming days, said top tax official here on Thursday.
Published 28 Mar, 2014 12:00am
Terror bid foiled, three held

Terror bid foiled, three held

The city police on Wednesday foiled a terror bid by arresting three accused and recovered huge quantity of explosives and six pistols from their possession. Police sources said that the police team had made the arrest of one accused from the limits of Kah
Published 28 Mar, 2014 12:00am
PBC delegation meets Khursheed

PBC delegation meets Khursheed

A delegation of Pakistan Bar Council headed by Vice Chairman, Muhammad Ramzan Chaudhry along with Mohammad Ahsan Bhoon, Azam Nazeer Tarar and advocate Supreme Court Malik Mushtaq Awan called on Syed Khurshid Ahmed Shah, Leader of the Opposition in Nationa
Published 28 Mar, 2014 12:00am
National Assembly's Strategic Plan Oversight Committee formed

National Assembly's Strategic Plan Oversight Committee formed

Sardar Ayaz Sadiq, Speaker National Assembly constitutes "Strategic Plan Oversight Committee" (SPOC) of the National Assembly. Notification to this effect has been issued by the National Assembly Secretariat here on Thursday.
Published 28 Mar, 2014 12:00am
Health department test on March 29

Health department test on March 29

The Director General Health Services Sindh Hyderabad has informed that the written test of those candidates who have applied for facility based contract post of Medical Officer (Male & Female) against the advertisement of Health Department appeared in a s
Published 28 Mar, 2014 12:00am
Partly Facetious: Dar said on behalf of PM

Partly Facetious: Dar said on behalf of PM

"So did Dar convince you that the $1.5 billion was a gift from a friendly country and the same country had extended $2 billion worth of oil free to Nawaz Sharif's government after the 1998 nuclear blast and had given next to nothing to the PPP-led coaliti
Published 28 Mar, 2014 12:00am
Burj Bank holds relief activity in Tharparker

Burj Bank holds relief activity in Tharparker

Burj Bank Limited extended support to thousands of famine-effected families of Tharparker district. In wake of national catastrophes, Burj Bank has always been one of the forerunners in disaster management. Living up to their legacy of extending support i
Published 28 Mar, 2014 12:00am
EBM speaks up for consumer rights

EBM speaks up for consumer rights

Pakistan's leading biscuit manufacturing company, English Biscuit Manufacturers (Pvt) Limited (EBM), joined the discourse on consumer rights and protection laws at the 'Putting the Consumer First' panel discussion held here on Thursday. The panel discussi
Published 28 Mar, 2014 12:00am
Najam Siddiqi named Acting CEO SCB

Najam Siddiqi named Acting CEO SCB

Najam Siddiqi has been appointed Acting CEO for Standard Chartered Bank Pakistan Limited, subject to regulatory approval. This appointment follows the departure of Khalid Elgibaly who has decided to leave the bank to pursue other opportunities. Najam Sidd
Published 28 Mar, 2014 12:00am
Pakistan Day celebrated at Naya Nazimabad project

Pakistan Day celebrated at Naya Nazimabad project

Javedan Corporation Limited organised Pakistan Day Celebration on March 23 at Naya Nazimabad Project in which allottees of Naya Nazimabad and special guests from all circles of life were invited. The celebration started with flag-raising ceremony and Dua
Published 28 Mar, 2014 12:00am
Fatima Fertilizer posts Rs 8.02 billion net earnings

Fatima Fertilizer posts Rs 8.02 billion net earnings

Fatima Fertilizer (FATIMA) posted net earnings of Rs 8.02 billion (EPS Rs 3.82) for the year ended 2013 as against Rs 6.1 billion (EPS Rs 2.86) in 2012, up almost 31.3 percent YoY. According to Topline Securities, the result was also accompanied with a ca
Published 28 Mar, 2014 12:00am
Fatima Fertilizer posts Rs 8.02 billion net earnings

Fatima Fertilizer posts Rs 8.02 billion net earnings

Fatima Fertilizer (FATIMA) posted net earnings of Rs 8.02 billion (EPS Rs 3.82) for the year ended 2013 as against Rs 6.1 billion (EPS Rs 2.86) in 2012, up almost 31.3 percent YoY. According to Topline Securities, the result was also accompanied with a ca
Published 28 Mar, 2014 12:00am
Talks with TTP: Fazl optimistic about success of peace dialogues

Talks with TTP: Fazl optimistic about success of peace dialogues

Chief of Jamiat Ulema-e-Islam-Fazl (JUI-F) Maulana Fazlur Rahman said on Thursday that despite not taking active participation in the ongoing negotiations between government and Taliban, he had hope that the peace-dialogue process to become successful. Ta
Published 28 Mar, 2014 12:00am
DC's raid on exam halls creates panic among students

DC's raid on exam halls creates panic among students

On the first day of the Secondary School Certificate (SSC) annual examination on Wednesday, students in the Chitral town came out of the halls terrorised. The students, requesting anonymity, accused Deputy Commissioner Chitral Mohammad Shoaib Jadoon of ha
Published 28 Mar, 2014 12:00am
KPT general manager operations inspects new deep water container port

KPT general manager operations inspects new deep water container port

General Manager (Operations) KPT Rear Admiral Azhar Hayat along with senior management visited the site of Pakistan Deep Water Container Port (PDWCP) to inspect the ongoing works of marine protection, quay wall construction and dredging and reclamation wo
Published 28 Mar, 2014 12:00am
Bedwear exports rise to $1.4 billion

Bedwear exports rise to $1.4 billion

Pakistan bedwear exports soared by 21 percent to $1.408 billion in July-February 2013-14, say official figures. The country's export of bedwear mounted by $242 million in July-February 2013-14 from $1.166 billion in the same period last fiscal year, accor
Published 28 Mar, 2014 12:00am
Fluctuation witnessed in vegetable prices

Fluctuation witnessed in vegetable prices

Fluctuation has been witnessed in prices of vegetables this week in the open market except tomato rates which surged sharply and then turned downwards Tomato, in open markets, increased from Rs 20 per kg to Rs 75 per kg and now it once again has come down
Published 28 Mar, 2014 12:00am
15 hurt in Kalat accident

15 hurt in Kalat accident

At least 15 people sustained injuries as a speedy passenger coach overturned here on Thursday. According to rescue sources, the accident took place in Tehsil Mangchar of the city where a Quetta bound coach was overturned. The injured passengers were shift
Published 28 Mar, 2014 12:00am
Gem merchants call for lifting of ban on gold import immediately

Gem merchants call for lifting of ban on gold import immediately

All Pakistan Gem Merchants and Jewelers Association on Wednesday requested the government to immediately lift ban on the import of gold by Economic Co-ordination Committee of the Cabinet and no more further extension be given to import restrictions beyond
Published 28 Mar, 2014 12:00am
Sindh Bank distributes relief bags

Sindh Bank distributes relief bags

Sindh Bank distributed 1,000 relief bags worth Rs 2 million, to the drought affected families of District Tharparkar. This step has been taken by the Board of Directors of Sindh Bank, in response to the severe famine in District Tharparkar compelling thou
Published 28 Mar, 2014 12:00am
Relief projects under way for drought-hit people: Qaim

Relief projects under way for drought-hit people: Qaim

Sindh Chief Minister, Syed Qaim Ali Shah has said that the provincial government was working on the short-term, medium-term and long-term projects to provide relief aid to Thar people and also developing district Tharparkar by eliminating drought situatio
Published 28 Mar, 2014 12:00am
Mobile phone imports rise to $432.4 million

Mobile phone imports rise to $432.4 million

Imports of mobile phones surged by nine percent to $432.466 million in July-February 2013-14, according to official statistics. The imports of mobile handset grew by $34.803 million in July-February 2013-14 from $397.663 million in the same period last fi
Published 28 Mar, 2014 12:00am
'Pakistani crew may reach home on Monday'

'Pakistani crew may reach home on Monday'

The Director of the Ansar Burney Trust International Shagufta Burney has said that six Pakistani crew members of the recently released vessel MT Morning Glory are now expected to reach home on Monday. Earlier, it was supposed that all 21 crew including si
Published 28 Mar, 2014 12:00am
Bureaucracy urged to make legislation for welfare of public

Bureaucracy urged to make legislation for welfare of public

Chief Minister, Khyber Pakhtunkhwa Pervez Khattak, has urged on administrative secretaries of all departments including law to make legislation on the basis of public benefit, experience and comparison and avoid framing such rules and regulations, which i
Published 28 Mar, 2014 12:00am
LB polls: Supreme Court seeks reply from Khyber Pakhtunkhwa government

LB polls: Supreme Court seeks reply from Khyber Pakhtunkhwa government

The Supreme Court on Thursday sought a reply from the Khyber Pakhtunkhwa (KPK) government on holding Local Bodies (LB) polls in the province within two weeks. A two-member bench comprising Justice Khilji Arif Hussain and Justice Dost Muhammad Khan resumed
Published 28 Mar, 2014 12:00am
Khyber Pakhtunkhwa-BoIT to revive Malam Jabba ski resort: EoI invited

Khyber Pakhtunkhwa-BoIT to revive Malam Jabba ski resort: EoI invited

KP Board of Investment and Trade (KP-BoIT) has planned to revive Malam Jabba ski resort in next two years. The KP-BoIT has invited the Expression of Interest (EoI) from the private sector for the revival of Malam Jabba Resort, which was damaged in 2004 by
Published 28 Mar, 2014 12:00am
Workshop on 'development of GIS-based tool for planning' held

Workshop on 'development of GIS-based tool for planning' held

A day workshop on the development of GIS based tool for planning and monitoring was held in University of Peshawar. The workshop was conducted under the auspices of Fata Secretariat and UoP Department of Urban and Regional Planning in compliance with an M
Published 28 Mar, 2014 12:00am
UAF to set up hostel for 1,000 students

UAF to set up hostel for 1,000 students

The University of Agriculture Faisalabad (UAF) will set up a state-of-the-art hostels for 1000 students at main campus in order to catch up the residential needs of growing students, said UAF Vice Chancellor Professor Dr Iqrar Ahmad Khan.
Published 28 Mar, 2014 12:00am
Death sentence for man in blasphemy case

Death sentence for man in blasphemy case

A court sentenced a Christian man to death for blasphemy Thursday, his lawyer said, over an incident that triggered a riot. Sawan Masih was convicted of insulting the Holy Prophet (PBUH) during the course of a conversation with a Muslim friend in the Jose
Published 28 Mar, 2014 12:00am
Rice exports surge by 22.5 percent during July-February period

Rice exports surge by 22.5 percent during July-February period

Pakistan's rice exports have surged by 22.57 percent to $1.4 billion during July-February FY13-14 against $1.1 billion during the same period last year. Pakistan has exported some 2185753 thousand ton rice during July to February 2013-2014 against 2142303
Published 28 Mar, 2014 12:00am
PU holds seminar

PU holds seminar

Punjab University Pakistan Study Centre (PSC) organised a seminar on "Pakistan: Under the Skies of South Asia," by Dr Anna Bochkovskaya from Moscow State University, Russia. Dean Faculty of Arts & Humanities & Director PSC Professor Dr Massarrat Abid, De
Published 28 Mar, 2014 12:00am
One shot dead

One shot dead

One person was killed while one other was injured in different incidents of violence in metropolis, here on Thursday. According to police and rescue sources, Masnoor Ahmad was shot and killed by unknown person in Gulshan-e-Bihar Colony located in Orangi t
Published 28 Mar, 2014 12:00am
Military officers, Shuhda: Corps Commander Peshawar confers awards

Military officers, Shuhda: Corps Commander Peshawar confers awards

Corps Commander Peshawar, Lieutenant General Khalid Rabbani has conferred awards on various military officers and Shuhada during a simple and impressive ceremony held at Corps Auditorium on Thursday. Three Sitara-e-Imtiaz (Military), 18 Tamgha-e-Imtiaz (M
Published 28 Mar, 2014 12:00am
Attack on polio team kills cop in Loralai

Attack on polio team kills cop in Loralai

One policeman was killed when suspected militants attacked a polio team in Loralai district on Thursday. According to police sources, unidentified armed men on motorcycle opened fire on a polio team in Nasirabad area of Loralai, killing policeman, guardin
Published 28 Mar, 2014 12:00am
ZTBL BoDs: IHC seeks reply from MoF within 10 days

ZTBL BoDs: IHC seeks reply from MoF within 10 days

Islamabad High Court (IHC) has sought within ten days a detailed reply from Finance Ministry and President Zarai Taraqiati Bank Limited (ZTBL) for non-compliance of orders on appointment of new Board of Directors. Finance Ministry had recently appointed f
Published 28 Mar, 2014 12:00am
Margalla Hills: Mobilink Foundation conducts clean-up activity

Margalla Hills: Mobilink Foundation conducts clean-up activity

Mobilink Foundation continued to celebrate "Pakistan Day" by conducting a clean-up activity on Trail-3 of the Margalla Hills. The annual activity involved nearly 280 participants, including Mobilink Torchbearers (employee volunteers), their families and s
Published 28 Mar, 2014 12:00am
Minister briefed on establishment of Peshawar Meat Company

Minister briefed on establishment of Peshawar Meat Company

KP Minister for Local Government and Rural Development, Inayatullah Khan was briefed about establishment of Peshawar Meat Company on Thursday, which would be jointly operated by the provincial government, the University of Agriculture Peshawar (UAP) and t
Published 28 Mar, 2014 12:00am
The whole truth nothing but the whole truth

The whole truth nothing but the whole truth

Finance Minister Ishaq Dar seems to be highly optimistic about country's economic prospects. He probably derives strength for his oft-repeated argument from a seemingly healthy or positive condition of macroeconomic indicators. Presiding a meeting of Nati
Published 28 Mar, 2014 12:00am
Canada oil patent suits stir fears of technology slowdown

Canada oil patent suits stir fears of technology slowdown

A subtle shift is under way in the Canadian oil industry, where collegial collaboration over vital new extraction technology is yielding to corporate protectionism in the race to profit from the world's third-largest reserves.
Published 28 Mar, 2014 12:00am
Reflecting on women in politics during an event in Nepal

Reflecting on women in politics during an event in Nepal

The history of Pakistan marks uncountable women of achievements dating back to pre-independence when the movement of an independent state for Muslims during the British Raj began. During the Pakistan Movement, both women leaders and those with ordinary ba
Published 28 Mar, 2014 12:00am
Taxation challenge

Taxation challenge

In the fiscal year 2012-13, FBR miserably failed to collect the three times downward-revised budget. The massive shortfall of Rs 444 billion forced the government to borrow more money to meet the burgeoning fiscal deficit and putting further strain on the
Published 28 Mar, 2014 12:00am
Talks begin, hopes soar but not very high

Talks begin, hopes soar but not very high

To the extent that a face-to-face meeting between the negotiators of the government and the Shura of Tehreek-e-Taliban Pakistan (TTP) has taken place it's indeed, to borrow Professor Ibrahim's words, a "huge milestone" in the peace process. Do the media-r
Published 28 Mar, 2014 12:00am
The road to hell is paved with...

The road to hell is paved with...

The National Assembly unanimously passed a resolution tabled by Asad Umar of Pakistan Tehreek-e-Insaf, urging the government to take steps to increase direct taxes and decrease indirect taxes and widen the tax net in the country. While there is no denying
Published 28 Mar, 2014 12:00am
Cotton sinks after hitting fresh two-year high; spreads blow out

Cotton sinks after hitting fresh two-year high; spreads blow out

Cotton futures sank 2.5 percent on Wednesday as late-day profit taking offset speculative buying and knocked prices off two-year highs, with volatile trading further roiled by a massive blow-out in the far forward backwardation. Renewed speculative buying
Published 28 Mar, 2014 12:00am
Shanghai copper down

Shanghai copper down

The most-traded June copper contract on the Shanghai Futures Exchange ended the session down by 0.9 percent at 45,730 yuan ($7,400) a tonne, its lowest in two sessions amid signs of improving demand in China, although caution about the bond and property m
Published 28 Mar, 2014 12:00am
Copper bounces, aluminium volatile

Copper bounces, aluminium volatile

Copper prices bounced on Thursday on improved demand in Europe and top consumer China, but a stronger dollar and continued worries about credit in China capped gains. Aluminium was volatile after a British court ruling halted a warehousing reform of the L
Published 28 Mar, 2014 12:00am
Oil rises on seasonal demand, geopolitical concerns

Oil rises on seasonal demand, geopolitical concerns

Crude oil futures rose on both sides of the Atlantic on Thursday, with US crude up more than $1 to hit a three-week high as strong US economic data and the end of refinery maintenance season signalled strong demand ahead for crude oil. The US economy grew
Published 28 Mar, 2014 12:00am
The Weather

The Weather

The weather report on Thursday (March 27, 2014) and the forecast for Friday (March 28, 2014).

Published 28 Mar, 2014 12:00am
Rubber slips

Rubber slips

Tokyo rubber futures slipped on Thursday as a firmer Japanese yen spurred selling, but steadier oil still supported TOCOM prices, dealers said. The Tokyo Commodity Exchange rubber contract for September delivery was down 0.7 yen to settle at 236.9 yen ($2
Published 28 Mar, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (March 27, 2014).

Published 28 Mar, 2014 12:00am
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