DAILY LATEST NEWS UPDATE: 21.02.2012

Record breaking funds of Rs366 mn released to Senators ISLAMABAD: Funds amounting to Rs366.1 million were released to Senators during the Senate session in which the bill of 20th amendment to Constitution was passed with more than two-third majority, Geo News reported.The developments funds were released to 60 Senators including more than 20 those who will retire after 10 days. Funds were released within 5 hours. Business News Tue, 21 Feb 2012 -Second Greek bailout in reach despite funding gaps BRUSSELS: Euro zone finance ministers inched towards approving a second bailout for debt-laden Greece on Monday th  -ISO raises 2011-12 global sugar surplus forecast LONDON: The International Sugar Organization on Monday increased its forecast for a projected global sugar surplus  -Rupee ends at 90.85/95 weaker to dollar KARACHI: In the currency market, the rupee ended weaker at 90.85/95 to the dollar, compared with Friday s close of  -KSE 100-share index gains 22 points KARACHI: The Karachi Stock Exchange (KSE) benchmark 100-share index rose 0.18 percent, or 22.22 points, to 12,517.  -Ghee, oil supply halt continues for third day KARACHI: The strike of ghee manufacturers entered the third day across the country on Monday as factories remained  -Euro firms on hopes for Greek rescue TOKYO: The euro rose in Asian trade Monday amid growing confidence that Greece will finally be given a fresh bailo  -Brent crude hits eight-month high on Iran tensions SINGAPORE: Brent crude hit an eight-month high in Asian trade Monday after Iran halted its limited oil sales to Fr  -KESC inks deal to convert plant for coal use KARACHI: The Karachi Electric Supply Company (KESC) has embarked on the first of its kind project in Pakistan, wit  -Second round of Indo-Pak trade talks in Lahore next month NEW DELHI: The thaw in relations between India and Pakistan has paved way for unleashing major ?confidence buildin  -Sindh: SSGC allows CNG sales with immediate effect KARACHI: Sui Southern Gas Company (SSGC) Saturday asked the CNG stations in the Sindh region to start retailing ga  -Ghee, cooking oil mills closed down ISLAMABAD: Pakistan Vanaspati Mills Association (PVMA) has shut down all the ghee and cooking oil mills and stoppe  -Sindh CNG stations closed for 24 hours KARACHI: All the CNG stations in Sindh have been closed for 24 hours under the gas load management plan, Geo News  -Over Rs14mn goods traded across LoC in a day MIRPUR, AJK: Goods containing permitted items of worth over Rs14.278 million were traded between AJK and Indian Oc  -Apple''s iPhone loses China market share HONG KONG/BEIJING: Apple Inc s share of China s booming smartphone market slipped for a second straight quarter in  -Rupee on the backfoot against dollar KARACHI: The rupee Friday ended weaker at 90.77/83 to the dollar, compared with Thursday s close of 90.68/73 because

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Mohammed Saleem Mansoori