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Archive - 2011-03-08
Gates visits crucial Afghan battleground
Top News

Gates visits crucial Afghan battleground

SANGIN: US Defense Secretary Robert Gates visited the key battleground of southern Afghanistan Tuesday to meet troops ah
Published 08 Mar, 2011 05:32pm
European stocks close firmer
Financial

European stocks close firmer

LONDON: Europe's main stock markets closed little changed to firmer on Tuesday, with London's FTSE 100 index of leading
Published 08 Mar, 2011 04:31pm
At least 23 killed in Faisalabad blast
Top News

At least 23 killed in Faisalabad blast

FAISALABAD: At least 23 people have died and over 100 injured in a huge explosion outside the office of a sensitive agen
Published 08 Mar, 2011 11:41am
French trade deficit widens in January
Top News

French trade deficit widens in January

PARIS: France's trade deficit widened to 5.89 billion euros ($8.21 billion) in January from 5.60 billion euros the previ
Published 08 Mar, 2011 10:58am
Bangladesh judge confirms Yunus sacking
Top News

Bangladesh judge confirms Yunus sacking

DHAKA: Bangladesh's High Court on Tuesday confirmed that Nobel-winning Muhammad Yunus had been fired from the microfinan
Published 08 Mar, 2011 10:46am
ATC adjourns Davis murder case hearing
Top News

ATC adjourns Davis murder case hearing

LAHORE: The Anti Terrorism Court (ATC) in Pakistan Tuesday adjourned the murder hearing of a CIA contractor Raymond Davi
Published 08 Mar, 2011 10:28am
Grossman calls on Gen. Kayani
Top News

Grossman calls on Gen. Kayani

ISLAMABAD: US Special Representative for Afghanistan and Pakistan Marc Grossman on Tuesday met Chief of Army Staff, Ge
Published 08 Mar, 2011 10:11am
Japan shares close mixed
Financial

Japan shares close mixed

TOKYO: Japanese shares closed mixed on Tuesday, with softer oil prices encouraging bargain-hunting after Monday's losses
Published 08 Mar, 2011 09:36am
The finmins daydreams
BR Research

The finmins daydreams

The ministry of finance seems to be playing a merry go-round with the IMF, as another round of negotiation resulted in zero concrete conclus
Published 08 Mar, 2011 12:00am
PSMC in vain
BR Research

PSMC in vain

To improve profits, Pakistan Suzuki Motor Company, the largest automobile manufacturer in Pakistan, made an all-out effort to increase car s
Published 08 Mar, 2011 12:00am
LOTPTA: venturing further
BR Research

LOTPTA: venturing further

For a news-thirsty, much dejected market, any upbeat report regarding expansion and diversification plans is likely to become a springboard
Published 08 Mar, 2011 12:00am
FBR fails to trace manually maintained tax records of Rs one billion

FBR fails to trace manually maintained tax records of Rs one billion

The Federal Board of Revenue (FBR) is unable to trace the old manually maintained tax records of registered persons involving taxes to the tune of over Rs1 billion. This has been admitted by senior officials of the FBR before the special committee of the
Published 08 Mar, 2011 12:00am
MQM team to meet Zardari today

MQM team to meet Zardari today

Angered by Sindh Home Minister's announcement that People's Aman Commite is a sister organisation of PPP, Muttahida Qaumi Movement (MQM) has announced on Monday that the party has decided to say goodbye to the coalition government with Pakistan People's P
Published 08 Mar, 2011 12:00am
MQM team to meet Zardari today

MQM team to meet Zardari today

Angered by Sindh Home Minister's announcement that People's Aman Commite is a sister organisation of PPP, Muttahida Qaumi Movement (MQM) has announced on Monday that the party has decided to say goodbye to the coalition government with Pakistan People's P
Published 08 Mar, 2011 12:00am
New Egyptian government sworn in

New Egyptian government sworn in

Ministers of Egypt's new government were sworn in on Monday by the head of the Supreme Council of the Armed Forces, Field Marshal Mohammed Hussein Tantawi, at a ceremony in the capital Cairo. Prime Minister Essam Sharaf's government includes six new minis
Published 08 Mar, 2011 12:00am
New Egyptian government sworn in

New Egyptian government sworn in

Ministers of Egypt's new government were sworn in on Monday by the head of the Supreme Council of the Armed Forces, Field Marshal Mohammed Hussein Tantawi, at a ceremony in the capital Cairo. Prime Minister Essam Sharaf's government includes six new minis
Published 08 Mar, 2011 12:00am
THE RUPEE: dollar down slightly

THE RUPEE: dollar down slightly

The rupee inched up against dollar in the currency market on Monday, dealers said. The dollar was in demand by the importers but the rupee performed well by retaining its supremacy versus the greenback, money experts said.
Published 08 Mar, 2011 12:00am
THE RUPEE: dollar down slightly

THE RUPEE: dollar down slightly

The rupee inched up against dollar in the currency market on Monday, dealers said. The dollar was in demand by the importers but the rupee performed well by retaining its supremacy versus the greenback, money experts said.
Published 08 Mar, 2011 12:00am
IAEA BoG meeting begins in Vienna

IAEA BoG meeting begins in Vienna

International Atomic Energy Agency (IAEA) Board of Governors (BoG) meeting scheduled for 7-11 March 2011 opens at its Headquarters in Vienna on Monday. Dr Ansar Parvez, Chairman, Pakistan Atomic Energy Commission will preside the meeting.
Published 08 Mar, 2011 12:00am
'$36 billion deals with China can turnaround our economy'

'$36 billion deals with China can turnaround our economy'

Secretary General PML-Q Mushahid Hussain Syed on Monday said that proper implementation on 36 billion dollars agreements with China can turnaround our ailing economy. The upcoming` economic zone in Kashgar, energy corridor to China and a rail link from Ha
Published 08 Mar, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 07, 2011).

Published 08 Mar, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 07, 2011).

Published 08 Mar, 2011 12:00am
Tajik President to meet Fehmida, Naik today

Tajik President to meet Fehmida, Naik today

The President of Tajikistan, Emomali Rahmon on Tuesday would meet Speaker National Assembly Dr Fehmida Mirza and Chairman Senate Farooq H Naik at Parliament House, it is learnt. According to the sources, they are likely to discuss increase in parliamentar
Published 08 Mar, 2011 12:00am
LHC moved against increasing power tariff

LHC moved against increasing power tariff

A petition has been filed in the Lahore High Court praying to restrain federal government from increasing electricity tariff and to declare all taxes levied on electricity bills as unconstitutional. The petitioner Ilamudin Ghazi advocate said the people o
Published 08 Mar, 2011 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 26TH FEBRUARY, 2010.

Published 08 Mar, 2011 12:00am
Aman 2011 to be conducted from today

Aman 2011 to be conducted from today

The multinational Naval exercise Aman 2011 will be conducted from March 8 to 12 in the Arabian Sea under the arrangements of Pakistan Navy. This was stated by the Commander Pakistan Fleet, Vice-Admiral Abbas Raza, here on Monday. Briefing the newsmen abou
Published 08 Mar, 2011 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 26TH FEBRUARY, 2010.

Published 08 Mar, 2011 12:00am
'Long-term policy needed to make PSM profitable'

'Long-term policy needed to make PSM profitable'

Chairman Pakistan Steel Shamshad Qureshi has urged for long-term financial and management policy for the country's largest steel producing plant to make it profitable. He was addressing a reception hosted by workers of KMCD, Railways, COBP and AMH departm
Published 08 Mar, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (March 07, 2011).

Published 08 Mar, 2011 12:00am
LSE sessions for investors from today

LSE sessions for investors from today

The Lahore Stock Exchange is holding pre-launching awareness sessions on Margin Trading System (MTS) and Securities Lending & Borrowing (SLB) System for the market investors from March 8 to 10 at LSE auditorium. The purpose of these sessions is to introdu
Published 08 Mar, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (March 07, 2011).

Published 08 Mar, 2011 12:00am
Cement exports post healthy growth during February 2011

Cement exports post healthy growth during February 2011

Cement exports have posted healthy growth of 25 percent during February 2011 as compared to January 2011. However, local cement sales have registered a decline of 9.32 percent. Cement sales for domestic market was 1.778 million tons in February 2011 while
Published 08 Mar, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (March 07, 2011).

Published 08 Mar, 2011 12:00am
Cement exports post healthy growth during February 2011

Cement exports post healthy growth during February 2011

Cement exports have posted healthy growth of 25 percent during February 2011 as compared to January 2011. However, local cement sales have registered a decline of 9.32 percent. Cement sales for domestic market was 1.778 million tons in February 2011 while
Published 08 Mar, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (March 07, 2011).

Published 08 Mar, 2011 12:00am
Training, development of finance function crucial: report

Training, development of finance function crucial: report

The training, development and retention of the finance function is crucial to the success of an organisation, especially in the current economic climate, asserts a new report from ACCA and KPMG, UK calling for Maximising People Power: effective talent man
Published 08 Mar, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (March 07, 2011).

Published 08 Mar, 2011 12:00am
Budget 2010-11: projects not allocated funds to be scrapped

Budget 2010-11: projects not allocated funds to be scrapped

Planning Commission has decided to scrap all those development projects which were unable to receive budgetary allocations due to limited fiscal space in Public Sector Development Programme (PSDP) for the last two years, sources close to Deputy Chairman P
Published 08 Mar, 2011 12:00am
Pakistan has differed with US on principles: Gilani

Pakistan has differed with US on principles: Gilani

Prime Minister Syed Yousuf Raza Gilani on Monday said Pakistan had differed with the United States of America on principles and would not take any step against the national interests. Talking to reporters after inaugurating the International Seerat Confer
Published 08 Mar, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (March 07, 2011).

Published 08 Mar, 2011 12:00am
Raymond's immunity case: Faizan's brother moves LHC to become party

Raymond's immunity case: Faizan's brother moves LHC to become party

Imran Haider, brother of Faizan Haider, killed by American national Raymond Davis, has filed an application before the Lahore High Court praying to allow him to be a party in Raymond's immunity case. In his application Haider pleaded that he is an aggriev
Published 08 Mar, 2011 12:00am
Centre approached to de-list PPC from privatisation programme

Centre approached to de-list PPC from privatisation programme

Cabinet Division has approached the federal government to de-list Pakistan Printing Corporation (PCP) from privatisation program and Rs 1.3 billion package for Compulsory Separation Scheme (CSS), official sources told Business Recorder. PCP was est
Published 08 Mar, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (March 07, 2011).

Published 08 Mar, 2011 12:00am
KBD case: application filed at Supreme Court for early hearing

KBD case: application filed at Supreme Court for early hearing

A petition before the Supreme Court has been filed at Lahore Registry for early hearing of a petition for construction of Kalabagh Dam. The application was filed by Barrister Zafarullah Khan submitting that his petition, despite relating to an important n
Published 08 Mar, 2011 12:00am
LERP schools' staff without salaries for last nine months

LERP schools' staff without salaries for last nine months

More than 85 teaching and non-teaching staff of five schools of Lyari Expressway Resettlement Project (LERP) have not been paid monthly salaries for last nine months. The Lyari Expressway Resettlement Project, a housing scheme, was launched by federal gov
Published 08 Mar, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (March 07, 2011).

Published 08 Mar, 2011 12:00am
Two brothers killed over enmity

Two brothers killed over enmity

Two brothers were murdered when their three rivals allegedly showered bullets on their motorcycle after chasing them in a car at Jhalera road near Chack 281-EB on Monday morning. Both the assassinated brothers Muhammad Nawaz and Muhammad Mumtaz sons of Gh
Published 08 Mar, 2011 12:00am
'Khyber Pakhtunkhwa Police turned into semi-military force'

'Khyber Pakhtunkhwa Police turned into semi-military force'

Khyber Pakhtunkhwa Minister for Information, Mian Iftikhar Hussain on Monday said the strength of police has been doubled from 40,000 to 80,000 and we made it a semi military force by equipping it with latest weapons to compete with the threat of militanc
Published 08 Mar, 2011 12:00am
Terror bid in Mand foiled

Terror bid in Mand foiled

The Special Branch, Gwadar thwarted a terror attempt by defusing a time bomb here in Mand on Monday. According to the Levis Force, unknown men had strapped eight kilogram of explosive material to an Iranian motorbike parked outside the Levis lockup in Man
Published 08 Mar, 2011 12:00am
Important projects: implementation remains a distant cry

Important projects: implementation remains a distant cry

A happy-go-lucky atmosphere seems to be prevailing in government departments and "couldn't care less" attitude of senior officials to follow the instructions is impeding the progress in implementing important projects.
Published 08 Mar, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (March 07, 2011) and for Tuesday (March 08, 2011).
Published 08 Mar, 2011 12:00am
Davis issue, price hike: SIC to stage countrywide protests on March 11

Davis issue, price hike: SIC to stage countrywide protests on March 11

Sunni Ittehad Council (SIC) Chairman, Sahabzada Fazal Kareem has announced to hold countrywide protest on 11th March against the skyrocketing price hike and possible release of Raymond Davis. In this regard, rallies and protest will be staged in the big c
Published 08 Mar, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (March 07, 2011).

Published 08 Mar, 2011 12:00am
International Women's Day today

International Women's Day today

International Women's Day is being observed in Pakistan like many other parts of the world on Tuesday (today) with a pledge to continue efforts for women empowerment and giving them due status in society. Functions, seminars, walks and other programmes wi
Published 08 Mar, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 08 Mar, 2011 12:00am
No place for complacency in polio eradication efforts

No place for complacency in polio eradication efforts

The country can not afford any complacency in its efforts to eradicate polio as any delay may jeopardise efforts being made for "Polio Free World," jointly undertaken by international community. Sindh Secretary for Health, Syed Hashim Raza Zaidi told news
Published 08 Mar, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 08 Mar, 2011 12:00am
Fresh spree of targeted killings: five MQM activists among 10 killed

Fresh spree of targeted killings: five MQM activists among 10 killed

At least ten persons including five activists of Muttahida Qaumi Movement (MQM) were killed and three other injured in a fresh spree of targeted killings at various parts of the metropolis here on Monday. According to police, an activist of MQM was gunned
Published 08 Mar, 2011 12:00am
BSF to launch Franchise Pakistan Project

BSF to launch Franchise Pakistan Project

The Business Support Fund (BSF) is all set to launch Franchise Pakistan Project in which young entrepreneurs will be provided a chance to establish their own enterprise, said Chief Executive Office BSF, Syed Saquib Mohyuddin talking to the members of the
Published 08 Mar, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (March 07, 2011).

Published 08 Mar, 2011 12:00am
Jurisdiction of courts: LHC dismisses petitions

Jurisdiction of courts: LHC dismisses petitions

Chief Justice of Lahore High Court, Ijaz Ahmad Chaudhry, on Monday while dismissing as being premature the petitions filed in relation to the issue of immunity to Raymond Davis observed that Pakistani courts cannot issue any writ against American authorit
Published 08 Mar, 2011 12:00am
The Weather

The Weather

The weather report on Monday (March 07, 2011) and the forecast for Tuesday (March 08, 2011).

Published 08 Mar, 2011 12:00am
Lawyers slam killing of minister

Lawyers slam killing of minister

Christian Lawyers Association in Pakistan here Monday held a protest rally to condemn the assassination of former minister for minorities affairs, Shahbaz Bhatti. The protesters were in good numbers and holding placards and banners inscribed with the slog
Published 08 Mar, 2011 12:00am
Dawood Family Takaful Limited

Dawood Family Takaful Limited

Dawood Family Takaful Limited announced unit prices for the following funds on March 07, 2011.

Published 08 Mar, 2011 12:00am
Dawood Family Takaful Limited

Dawood Family Takaful Limited

Dawood Family Takaful Limited announced unit prices for the following funds on March 07, 2011.

Published 08 Mar, 2011 12:00am
Mashal LNG project: government defers floating tender till June

Mashal LNG project: government defers floating tender till June

Government has delayed floating the tender of multi-million dollars Mashal LNG import project till June 2011 due to change of site for setting up LNG terminal-from onshore to offshore, Business Recorder has learnt. "Earlier Petroleum Ministry had d
Published 08 Mar, 2011 12:00am
Dawood Family Takaful Limited

Dawood Family Takaful Limited

Dawood Family Takaful Limited announced unit prices for the following funds on March 07, 2011.

Published 08 Mar, 2011 12:00am
President convenes Punjab MPAs' meeting today

President convenes Punjab MPAs' meeting today

President Asif Ali Zardari has called meeting of Pakistan Peoples Party (PPP), Punjab members of provincial assembly on Tuesday at the President's House. The president will discuss political situation of the province on the occasion. Political situation i
Published 08 Mar, 2011 12:00am
Bhatti's condolence reference today

Bhatti's condolence reference today

As a cross section of society continues to mourn and condemn killing of Federal Minister for Minorities Affairs Shahbaz Bhatti, the Presbyterian Church of Pakistan, Lahore Presbytery is holding a reference at Saint Andrews Church at 5pm here on Tuesday (t
Published 08 Mar, 2011 12:00am
Mobilink claims partial restoration of services

Mobilink claims partial restoration of services

Mobilink on Monday claimed partial restoration of all services including voice connectivity, SMS as well as data available in the offices of the company in the northern region, suspended due to fire in the company's Main Switcher Center (MSC -5) Sunday ev
Published 08 Mar, 2011 12:00am
Political, democratic system not strong enough: Baloch

Political, democratic system not strong enough: Baloch

Jamaat-e-Islami Secretary General, Liaquat Baloch, has expressed deep concern over the situation arising out of lack of confidence between the judiciary and the parliament and the non implementation of the courts decisions. He has urged the parliament and
Published 08 Mar, 2011 12:00am
APTPMA warns against politicising gas shortage issue

APTPMA warns against politicising gas shortage issue

The gas shortage problem is purely a economic issue and political parties and their leaders should not sabotage it for their own political motives, said Muhammad Saeed Sheikh, Regional Chairman, All-Pakistan Textile Processing Mills Association (APTPMA).
Published 08 Mar, 2011 12:00am
Seminar on 'Environmental Toxicology, Health' today

Seminar on 'Environmental Toxicology, Health' today

The University of Veterinary and Animal Sciences Lahore (UVAS), in collaboration with the Department of Clinical Neuroscience, University of Cambridge, UK and HEC Islamabad is organising two day conversant seminar and workshop on "Environmental Toxicology
Published 08 Mar, 2011 12:00am
Government working to uplift status of women: Tahir

Government working to uplift status of women: Tahir

Secretary Planning and Development Department, Ali Tahir Monday said that implementation of Gender Reform Action Plan is one of the major policy commitments of government of Punjab to uplift the status of womenfolk. He was speaking as a chief guest at a p
Published 08 Mar, 2011 12:00am
Efficient, cost effective way for raising fund stressed

Efficient, cost effective way for raising fund stressed

In the prevailing macro-economic environment condition of tight monetary policy with limited access to high debt cost funding, there has been no better time for company's requiring funds to aim for equity market for raising funding in more efficient and c
Published 08 Mar, 2011 12:00am
Grossman meets Hina

Grossman meets Hina

US Special Representative for Afghanistan and Pakistan Marc Grossman met with the Minister of State for Foreign Affairs Hina Rabbani Khar on Monday in the Foreign Office. The Special Representative was accompanied by US Ambassador Cameron Munter, Vali Nas
Published 08 Mar, 2011 12:00am
Clarification

Clarification

This is with reference to the story titled "NPMC yet to hold review meeting" carried by Business Recorder on March 5, 2011, the spokesman, Ministry of Finance, says the first meeting of the committee was held under the Chairmanship Secretary Financ
Published 08 Mar, 2011 12:00am
'Kashgar economic zone's completion in few years'

'Kashgar economic zone's completion in few years'

Secretary General Pakistan Muslim League (Quaid-e-Azam) and Chairman Pak-China Institute, Mushahid Hussain Syed on Monday said that every Pakistani is proud of friendship with China, Pakistan's closest friend. He said that economic zone in Kashgar, which
Published 08 Mar, 2011 12:00am
CDA demolishes 11 illegal structures

CDA demolishes 11 illegal structures

Capital Development Authority (CDA) in its ant-encroachments drive has demolished eleven structures in F-6 and one illegal house in Malpur village, besides destroying illegally constructed road in Chatta Bakhtawar, the Capital city. The Enforcement Direct
Published 08 Mar, 2011 12:00am
Two children injured in Rajouri blast

Two children injured in Rajouri blast

Two children were critically injured in blast near Rajouri district, in Indian occupied Kashmir. The children got seriously injured when they stepped over a landmine, planted by Indian troops, at Pukhrani in Nowshera area of the district, KMS reported on
Published 08 Mar, 2011 12:00am
Water, power sectors: 'Concrete steps to be taken to meet challenges'

Water, power sectors: 'Concrete steps to be taken to meet challenges'

Federal Minister for Water and Power, Syed Naveed Qamar has said that effective and concrete steps will be taken to meet the future challenges of water and power sectors. He said that all the resources will be utilised in order to encourage the investment
Published 08 Mar, 2011 12:00am
NAB arrests officials of MDA

NAB arrests officials of MDA

National Accountability Bureau (NAB), Khyber Pakhtunkhwa has arrested four officials of Mansehra Development Authority (MDA) because of their involvement in illegal allotment of plots, extra areas, shops, model houses and accumulation of assets disproport
Published 08 Mar, 2011 12:00am
Six including a lady smuggler held

Six including a lady smuggler held

Islamabad Police busted a gang of arms smugglers and drug pushers and nabbed six persons. Two Kalashnikovs, one pistol and 2.65kg charas recovered from their possession..
Published 08 Mar, 2011 12:00am
Kausar launches anti-polio drive in Khyber Pakhtunkhwa, Fata

Kausar launches anti-polio drive in Khyber Pakhtunkhwa, Fata

Khyber Pakhtunkhwa Governor, Barrister Masood Kausar formally launched the three-day polio eradication campaign with a target to vaccinate 4.9 million children of the age of five years in the province and Fata simultaneously by giving polio vaccine drops
Published 08 Mar, 2011 12:00am
Senate session likely from March 28

Senate session likely from March 28

The 68th session of Senate is likely to be held from March 28, 2011 to April 08, 2011, according to the tentative summary of Ministry of Law and Parliamentary Affairs. The 9th Parliamentary Year of the Senate shall begin on March 12, 2011 for which a prov
Published 08 Mar, 2011 12:00am
SAI to construct 'Industry House'

SAI to construct 'Industry House'

Site Association of industry (SAI) is contemplating to construct "Industry House" on a one acre plot adjacent to its office building. The Industry House will consist of six storeys. This Industry House will offer an ideal opportunity to large national and
Published 08 Mar, 2011 12:00am
Late night wedding parties banned

Late night wedding parties banned

Government of Sindh has imposed ban upon holding of marriage and other functions beyond 12 midnight all over the province with immediate effect. A notification said that in pursuance of Section 195 (1)(a) Cr P C, all the SHOs of Police Stations in Sindh h
Published 08 Mar, 2011 12:00am
PIA flight carrying 206 Pakistanis arrives

PIA flight carrying 206 Pakistanis arrives

PIA relief flight carrying 206 stranded Pakistanis Nationals from Cairo landed at Benazir Bhutto International Airport. Passengers were received by PIA officials at the airport, PIA Spokesman said here on Monday.
Published 08 Mar, 2011 12:00am
KATI chief's new responsibilities

KATI chief's new responsibilities

President Feder-ation of Pakistan Chambers of Commerce and Industry (FPCCI), Senator Haji Ghulam Ali has appointed former Chairman Korangi Association of Trade and Industry (KATI) Sheikh Manzar Alam as chairman FPCCI standing committee on public relations
Published 08 Mar, 2011 12:00am
CDGK to launch 'land bank'

CDGK to launch 'land bank'

The City District Government Karachi (CDGK) has decided to launch 'land bank' to facilitate public-private investment in the city. The CDGK intends to establish the bank for the identification and provision of land for investment projects on public-privat
Published 08 Mar, 2011 12:00am
JI submits call attention notice to Senate Secretariat

JI submits call attention notice to Senate Secretariat

Jamaat-e-Islami (JI) on Monday submitted to the Senate Secretariat a call attention notice against the educational board of Punjab for the hardships being faced by thousands of students due to the faulty online registration system in availing their roll n
Published 08 Mar, 2011 12:00am
Meat One plans to open 11 new stores

Meat One plans to open 11 new stores

Meat One, a chain of specialty meat stores retailing fresh, export quality meat plans to open 11 new stores in Karachi by the end of 2011. Meat One, currently has four functional meat shops in the city, while four new outlets are under construction, that
Published 08 Mar, 2011 12:00am
Karachiites protest against hypocritical 'Amenity Plots Bill'

Karachiites protest against hypocritical 'Amenity Plots Bill'

The citizens of Karachi protested against the hypocritical 'Protection & Prohibition of Amenity Plots Bill 2009' that was placed before the Sindh Assembly last week, on March 5 at the Mazaar-e-Quaid-e-Azam. The residents of Karachi are extremely concerned
Published 08 Mar, 2011 12:00am
Anti-polio campaign: ITP establishes network of vaccination points

Anti-polio campaign: ITP establishes network of vaccination points

Islamabad Traffic Police (ITP) in collaboration with Capital Development Authority has established a network of vaccination points in the Capital with the commitment to kick polio out of the metropolitan. The ITP personnel on Monday spent a hectic day on
Published 08 Mar, 2011 12:00am
Lawyers rally against judges', lawyers' abduction

Lawyers rally against judges', lawyers' abduction

Balochistan lawyers on Monday organised a rally to protest the non-recovery of the kidnapped judges and lawyers who were yet to be recovered after the passage of 9 days of their abduction. Responding to the call given by the Balochistan Bar Association th
Published 08 Mar, 2011 12:00am
OUP to launch book on 'Wars, insurgencies and terrorist attacks'

OUP to launch book on 'Wars, insurgencies and terrorist attacks'

Oxford University Press (OUP) would launch "Wars, insurgencies and terrorist attacks", a psychosocial perspective from the Muslim world by Professor Dr Unaiza Niaz here on March 9. Most wars, insurgencies, and terrorist attacks take place in the Muslim wo
Published 08 Mar, 2011 12:00am
Innovation 2011 held

Innovation 2011 held

Innovation 2011, an inspiring robotics workshop was organised by NUST School of Mechanical and Manufacturing Engineering (NUST-SMME) for High School and University Students. The workshop was attended by students from Rawalpindi/ Islamabad Region and spann
Published 08 Mar, 2011 12:00am
Khattak's death condoled

Khattak's death condoled

The member of Awami National Party (ANP) central committee and Balochistan Minister for Prisons, Malik Sultan Mohammad Tareen has expressed his deep grief and sorrow over the demise of Amin Khattak, ANP secretary general. In a condolence message on Monday
Published 08 Mar, 2011 12:00am
Women drivers' rally today

Women drivers' rally today

A car rally for women drivers has been planned for Tuesday, as part of the 100th annual International Women's Day celebrations, in the city. "Event is mainly aimed at raising road safety and traffic rule awareness, ultimately empowering women drivers," or
Published 08 Mar, 2011 12:00am
Refineries throughput increased to 673,000 tons in February 2011

Refineries throughput increased to 673,000 tons in February 2011

The local refineries throughput has increased to 673,000 tons in February 2011, up by a massive 20 percent as compared to the same period last year. However, during the first eight months of current fiscal year, the refineries throughput stood at 5.1 mill
Published 08 Mar, 2011 12:00am
Government waived Rs 365.7 million agriculture loans in Sindh

Government waived Rs 365.7 million agriculture loans in Sindh

The government has waived Rs 365.7 million of agriculture loans in Sindh province during 2006-07 and 2007-08, the Sindh Assembly was informed on Monday. However, the government disbursed Rs 25.099 billion of loans to small farmers of the province during 2
Published 08 Mar, 2011 12:00am
'Women need to know importance of education'

'Women need to know importance of education'

Today's women need to know the importance of education as it will not only help them empower themselves but also get rid of all kinds of injustices they are facing in society, said President First Women Bank Limited (FWBL), Shafqat Sultana. Talking on the
Published 08 Mar, 2011 12:00am
Fauzia Wahab's son looted

Fauzia Wahab's son looted

Barrister Murtaza, son of PPP leader Fauzia Wahab remained safe in a kidnapping bid in the limits of Bahdurabad police station on late Sunday. According to police, three unknown armed men held Barrister Murtaza hostage at gunpoint by intercepting his car
Published 08 Mar, 2011 12:00am
Omoré's Karachi Beach Festival ends

Omoré's Karachi Beach Festival ends

To celebrate the launch of Omoré ice cream in Karachi, Engro Foods Limited has arranged the Omoré Beach Festival for the first week of March for the citizens of Karachi. Sarfaraz Rehman, CEO, Engro Foods Ltd said.
Published 08 Mar, 2011 12:00am
Sindh Assembly for repeal of discriminatory laws against women

Sindh Assembly for repeal of discriminatory laws against women

Sindh Assembly on Monday passed a unanimous resolution to commemorate the 100th anniversary of International Women Day, demanding the repeal of all discriminatory laws against women. Women legislators said Pakistani women were superior to men in almost in
Published 08 Mar, 2011 12:00am
'Large number of unregistered private schools functioning'

'Large number of unregistered private schools functioning'

"More than 7,000 private schools are functioning around the city today", Mansoob Siddiqui Executive District Officer, Private Schools informed this scribe, here on Monday. Regarding the number of unregistered schools functioning in the city, he said no de
Published 08 Mar, 2011 12:00am
PaCCS closure: Intervention sought

PaCCS closure: Intervention sought

Chairman, Pakistan Chemicals and Dyes Merchant Association (PCDMA), Haroon Agar has sought the intervention of chairman federal board of revenue (FBR) and asked him not to close down Pakistan Automated Customs Computerised System (PaCCS). He suggested tha
Published 08 Mar, 2011 12:00am
Let's hope this confidence is not misplaced

Let's hope this confidence is not misplaced

According to informed sources, the visiting International Monetary Fund (IMF) team has been informed that the government did take appropriate measures to avert a near-collapse.
Published 08 Mar, 2011 12:00am
What Maulana Fazlur Rehman is up to?

What Maulana Fazlur Rehman is up to?

Since his party's departure from the corridors of power, consequent to a spat over the Hajj scam, Maulana Fazlur Rehman has been in search of a role in national politics, commensurate with his standing in the country's politics. It is indeed a difficult t
Published 08 Mar, 2011 12:00am
The grim state of the 'state'

The grim state of the 'state'

The latest hike in fuel prices raised the inevitable storm exposing yet again the lack of realism among our politicians and bureaucrats. Politicians opted for popularity by denying the market reality, and ignoring the economic impact of a shutter-down str
Published 08 Mar, 2011 12:00am
Palestinians use cash, Facebook for currency

Palestinians use cash, Facebook for currency

Go through your wallet some day and you might see a surprise. Along with Queen Elizabeth on a British pound, George Washington on the US dollar or Jewish leaders on the Israeli shekel, you might see something new. It could be "Free Palestine" engrained ac
Published 08 Mar, 2011 12:00am
'Guantanamo East'

'Guantanamo East'

Apropos Business Recorder's issue of Monday, March 7, 2011, that carried the article "Special US prison units fill with Muslims" describing Communication Management Units (CMUs) dubbed 'Guantanamo North' disproportionately filled with Muslims, one wonders
Published 08 Mar, 2011 12:00am
Central bankers vow to keep inflation under control

Central bankers vow to keep inflation under control

The world's leading central bankers vowed Monday to keep inflation under control as energy costs surge and food prices touch record highs due to strong demand from fast-growing countries like China and Brazil. Sharp increases in living expenses and a spik
Published 08 Mar, 2011 12:00am
Stainless steel production hits new record: ISSF

Stainless steel production hits new record: ISSF

Global stainless steel production hit a new record at 30.7 million tonnes in 2010 after three years of decline, and China was the major driving force, the International Stainless Steel Forum (ISSF) said on Monday. Production rose about 25 percent from the
Published 08 Mar, 2011 12:00am
UK's manufacturing output eases

UK's manufacturing output eases

British manufacturing activity slowed at the start of 2011 after record performances in the previous three quarters, but firms are optimistic about the future despite having to raise their prices, a survey said. The Engineering Employers' Federation said
Published 08 Mar, 2011 12:00am
Thousands of police march for higher pay in Algeria

Thousands of police march for higher pay in Algeria

Thousands of auxiliary police marched in Algiers Monday to demand pay raises, breaking through heavy security to reach parliament in a rare mass show of dissent in the tightly controlled country. The policemen, estimated by organisers to number around 20,
Published 08 Mar, 2011 12:00am
Russia creating $10 billion foreign investment fund

Russia creating $10 billion foreign investment fund

The Russian government is setting up a $10 billion joint investment fund with private equity firms in a bid to bring new foreign capital to the country, the Financial Times reported on Monday. The report follows President Dmitry Medvedev's vow last year t
Published 08 Mar, 2011 12:00am
Russia creating $10 billion foreign investment fund

Russia creating $10 billion foreign investment fund

The Russian government is setting up a $10 billion joint investment fund with private equity firms in a bid to bring new foreign capital to the country, the Financial Times reported on Monday. The report follows President Dmitry Medvedev's vow last year t
Published 08 Mar, 2011 12:00am
Petrol prices hit record in France

Petrol prices hit record in France

Petrol prices rose to a record high in France last week, with a litre of 95-octane petrol costing on average 1.5067 euros, according to information published Monday by a government agency. The price, equivalent to $7.97 per US gallon, beat the previous re
Published 08 Mar, 2011 12:00am
Hackers target French Finance Ministry, G-20 plans

Hackers target French Finance Ministry, G-20 plans

France's budget minister says hackers have infiltrated government computers in search of information about France's leadership of the Group of 20 leading economies. Francois Baroin says it's too early to say who was behind the attack in recent weeks and m
Published 08 Mar, 2011 12:00am
Barclays chief executive gets 6.5 million pounds bonus

Barclays chief executive gets 6.5 million pounds bonus

Bob Diamond, the new chief executive of British bank Barclays Plc, was paid a bonus of 6.5 million pounds ($10.6 million) for last year and received a similar amount in shares under a long-term plan. His bonus was topped by the two new heads of the bank's
Published 08 Mar, 2011 12:00am
Climate change, biofuels threaten food security: FAO

Climate change, biofuels threaten food security: FAO

Climate change bringing floods and drought, growing biofuel demand and national policies to protect domestic markets could drive up global food prices and threaten long-term food security, the United Nations said. High and volatile food prices are a growi
Published 08 Mar, 2011 12:00am
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