DAILY LATEST NEWS UPDATE: 16.03.2012

Business News:

Fri, 16 Mar 2012
-	Apple touches record high as iPad 3 sales run hot SYDNEY/SAN FRANCISCO: Apple s new iPad proved to be another hot-seller on Friday, with hundreds queueing before da
-	Rupee ends weaker at 90.73/80 to dollar KARACHI: In the currency market, the rupee ended weaker at 90.73/80 to the dollar compared to its close of 90.68/7
-	KSE 100-index ends near 4-yr high KARACHI: The Karachi Stock Exchange (KSE) benchmark 100-shareindex rose 0.68 percent, or 90.40 points, to end at 1
-	Railways to charge increased fare from today KARACHI: Cash-strapped Pakistan Railways is all set to charge fare with 15 to 20 percent increase of all trains fr
-	Oil mixed in Asian trade SINGAPORE: Oil prices were mixed in Asian trade Thursday, as investors weighed concerns over a supply disruption i
-	Yen continues to fall in Asia TOKYO: The yen continued its fall against major currencies in Asian trade Thursday, as an improving outlook for th
-	Asian shares mostly lower, Tokyo up on weak yen HONG KONG: Asian markets mostly fell on Thursday following two days of gains, while increasing optimism over the r
-	Developed economies to pick up steam in 2012: Reuters poll LONDON: Developed economies will pick up steam this year thanks to an array of ultra-loose monetary policies from
-	CDWP approves 19 development schemes ISLAMABAD: The Central Development Working Party (CDWP) in a meeting held here on Wednesday approved 19 schemes in
-	Demographics, local tastes fuel Arab video game industry DUBAI: Fares rushes through a crowded Moroccan market, past a man selling Persian rugs, a cat mewing for slivers o
-	Masses suffer due to CNG closure in Multan MULTAN: Multan region is facing CNG closure for the third consecutive day while the citizens are forced to buy exp
-	CNG stations shut for 24 hours KARACHI: As per the announcement by the Sui southern Gas Company (SSGC) all the CNG filling stations across the pr
-	Asian shares boosted by Fed move, US bank test HONG KONG: Asian markets rallied Wednesday after the Dow on Wall Street hit a more than four-year high, while the
-	Oil lower in Asian trade SINGAPORE: Oil prices slipped in Asian trade Wednesday as investors took profits from recent gains, although upbea
-	Dollar touches 11-month high against yen TOKYO: The dollar soared to its highest level in 11 months against the yen in Asia on Wednesday after the US Feder

LATEST NEWS/BRIEF NEWS:

•     Father kills daughters in Risalpur

•    MQM to stage protests against extortion

•    US threatens sanctions against India over Iran oil

•   President seeks Chinese investment in Pakistan

•     FBR proposes 5pc cut in corporate tax

MOHAMMED SALEEM MANSOORI