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Archive - 2011-04-21
European stocks close firmer
Financial

European stocks close firmer

LONDON: European stock markets closed mostly firmer on Thursday ahead of the Easter break, consolidating sharp gains mad
Published 21 Apr, 2011 07:04pm
NBP-Xpress money transfer launched
Top News

NBP-Xpress money transfer launched

KARACHI:National Bank of Pakistan (NBP) has officially launched Xpress Money transfer services for instant transfer of r
Published 21 Apr, 2011 04:57pm
Gold jumps to new record
Markets

Gold jumps to new record

KARACHI: Gold jumped by Rs 200 to reach record high at Rs 47,500 per 11.664 grams (one Tola) in local bullion market Wed
Published 21 Apr, 2011 04:31pm
Forex reserves improves to $ 17.376bn
Top News

Forex reserves improves to $ 17.376bn

KARACHI: Pakistan's liquid foreign reserves increased by $ 58.8 million to $ 17.3761 billion on April 16, at the back of
Published 21 Apr, 2011 02:46pm
Electricity shortfall rises to 6000MW
Top News

Electricity shortfall rises to 6000MW

KARACHI: The shortfall of electricity has risen to 6000 megawatts forcing long durations of power outages in the country
Published 21 Apr, 2011 09:32am
Japan in focus in Nokia Q1
Industry

Japan in focus in Nokia Q1

HELSINKI: Nokia investors concerned about dwindling market share are anxious for better news on the tie-up with Microsof
Published 21 Apr, 2011 05:05am
Japanese shares gain by noon
Financial

Japanese shares gain by noon

TOKYO: Japanese shares rose 0.58 percent by noon, tracking US stocks, which closed near a three-year peak thanks to stro
Published 21 Apr, 2011 04:00am
Silver linings in silver
BR Research

Silver linings in silver

The belief that gold and silver act as a store of value in inflationary times has existed since time immemorial. The recent spark in metal p
Published 21 Apr, 2011 12:00am
Punjab transfers revenue powers to provincial government

Punjab transfers revenue powers to provincial government

Following the abolishment of executive district officer-revenue (EDO-R), district officer-revenue (DO-R) and deputy district officer (DDO) posts, the Punjab government has carried out major reshuffle of government officials here on Wednesday. The Punjab g
Published 21 Apr, 2011 12:00am
Punjab transfers revenue powers to provincial government

Punjab transfers revenue powers to provincial government

Following the abolishment of executive district officer-revenue (EDO-R), district officer-revenue (DO-R) and deputy district officer (DDO) posts, the Punjab government has carried out major reshuffle of government officials here on Wednesday. The Punjab g
Published 21 Apr, 2011 12:00am
Punjab transfers revenue powers to provincial government

Punjab transfers revenue powers to provincial government

Following the abolishment of executive district officer-revenue (EDO-R), district officer-revenue (DO-R) and deputy district officer (DDO) posts, the Punjab government has carried out major reshuffle of government officials here on Wednesday. The Punjab g
Published 21 Apr, 2011 12:00am
Mybank BoD approves merger scheme

Mybank BoD approves merger scheme

The board of directors of Mybank in its meeting on Wednesday approved the draft scheme of amalgamation, subject to the approval of shareholders and State Bank of Pakistan, and any modification which may be carried out by SBP.
Published 21 Apr, 2011 12:00am
Mybank BoD approves merger scheme

Mybank BoD approves merger scheme

The board of directors of Mybank in its meeting on Wednesday approved the draft scheme of amalgamation, subject to the approval of shareholders and State Bank of Pakistan, and any modification which may be carried out by SBP.
Published 21 Apr, 2011 12:00am
Mybank BoD approves merger scheme

Mybank BoD approves merger scheme

The board of directors of Mybank in its meeting on Wednesday approved the draft scheme of amalgamation, subject to the approval of shareholders and State Bank of Pakistan, and any modification which may be carried out by SBP.
Published 21 Apr, 2011 12:00am
Putin pokes fun at US budget deficit

Putin pokes fun at US budget deficit

Vladimir Putin on Wednesday needled the United States for running an outsized budget deficit and running deep into debt in comments touting his own economic achievement as Russian prime minister. "Look at their trade balance, look at the budget deficit, a
Published 21 Apr, 2011 12:00am
Putin pokes fun at US budget deficit

Putin pokes fun at US budget deficit

Vladimir Putin on Wednesday needled the United States for running an outsized budget deficit and running deep into debt in comments touting his own economic achievement as Russian prime minister. "Look at their trade balance, look at the budget deficit, a
Published 21 Apr, 2011 12:00am
Putin pokes fun at US budget deficit

Putin pokes fun at US budget deficit

Vladimir Putin on Wednesday needled the United States for running an outsized budget deficit and running deep into debt in comments touting his own economic achievement as Russian prime minister. "Look at their trade balance, look at the budget deficit, a
Published 21 Apr, 2011 12:00am
Drilling activity depicts 40 percent decline

Drilling activity depicts 40 percent decline

"The notorious circular debt along with heightened security concerns has forced the oil and gas exploration companies in Pakistan to curtail their exploration and development (E&D) activities," an analyst said. The drilling activity depicted a significant
Published 21 Apr, 2011 12:00am
Drilling activity depicts 40 percent decline

Drilling activity depicts 40 percent decline

"The notorious circular debt along with heightened security concerns has forced the oil and gas exploration companies in Pakistan to curtail their exploration and development (E&D) activities," an analyst said. The drilling activity depicted a significant
Published 21 Apr, 2011 12:00am
Drilling activity depicts 40 percent decline

Drilling activity depicts 40 percent decline

"The notorious circular debt along with heightened security concerns has forced the oil and gas exploration companies in Pakistan to curtail their exploration and development (E&D) activities," an analyst said. The drilling activity depicted a significant
Published 21 Apr, 2011 12:00am
SBP accepts bids for Rs 232 billion TBs

SBP accepts bids for Rs 232 billion TBs

The State Bank of Pakistan (SBP) Wednesday accepted bids worth Rs 232 billion with a realise amount of Rs 215.701 billion. SBP conducted auction for the sale of 3-, 6- and 12-month MTBs on Wednesday and received bids worth Rs 352.257 billion with a realis
Published 21 Apr, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 21 Apr, 2011 12:00am
SBP accepts bids for Rs 232 billion TBs

SBP accepts bids for Rs 232 billion TBs

The State Bank of Pakistan (SBP) Wednesday accepted bids worth Rs 232 billion with a realise amount of Rs 215.701 billion. SBP conducted auction for the sale of 3-, 6- and 12-month MTBs on Wednesday and received bids worth Rs 352.257 billion with a realis
Published 21 Apr, 2011 12:00am
SBP accepts bids for Rs 232 billion TBs

SBP accepts bids for Rs 232 billion TBs

The State Bank of Pakistan (SBP) Wednesday accepted bids worth Rs 232 billion with a realise amount of Rs 215.701 billion. SBP conducted auction for the sale of 3-, 6- and 12-month MTBs on Wednesday and received bids worth Rs 352.257 billion with a realis
Published 21 Apr, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Apr, 2011 12:00am
US unveils new terrorism alerts, scraps colours

US unveils new terrorism alerts, scraps colours

The Obama administration on Wednesday unveiled a new warning system to alert Americans about specific terrorism threats, formally pushing the much-ridiculed colour-coded warnings into the trash bin. The new alerts will warn of either an "imminent threat"
Published 21 Apr, 2011 12:00am
US unveils new terrorism alerts, scraps colours

US unveils new terrorism alerts, scraps colours

The Obama administration on Wednesday unveiled a new warning system to alert Americans about specific terrorism threats, formally pushing the much-ridiculed colour-coded warnings into the trash bin. The new alerts will warn of either an "imminent threat"
Published 21 Apr, 2011 12:00am
Toyota prepares to halt output across Europe

Toyota prepares to halt output across Europe

Toyota Motor Corp's auto assembly factory in Turkey was preparing to halt production as part of an eight-day suspension across Europe because of parts shortages, a senior official said Wednesday. Toyota said Wednesday its factories in China will also redu
Published 21 Apr, 2011 12:00am
Toyota prepares to halt output across Europe

Toyota prepares to halt output across Europe

Toyota Motor Corp's auto assembly factory in Turkey was preparing to halt production as part of an eight-day suspension across Europe because of parts shortages, a senior official said Wednesday. Toyota said Wednesday its factories in China will also redu
Published 21 Apr, 2011 12:00am
Toyota prepares to halt output across Europe

Toyota prepares to halt output across Europe

Toyota Motor Corp''s auto assembly factory in Turkey was preparing to halt production as part of an eight-day suspension across Europe because of parts shortages, a senior official said Wednesday. Toyota said Wednesday its factories in China will also red
Published 21 Apr, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (April 20, 2011).

Published 21 Apr, 2011 12:00am
India launches three satellites on single rocket

India launches three satellites on single rocket

India launched a rocket carrying three satellites into orbit on Wednesday in its latest effort to gain a share of the global commercial space market. The main satellite in the launch from the Sriharikota space centre in Andhra Pradesh was the remote-sensi
Published 21 Apr, 2011 12:00am
India launches three satellites on single rocket

India launches three satellites on single rocket

India launched a rocket carrying three satellites into orbit on Wednesday in its latest effort to gain a share of the global commercial space market. The main satellite in the launch from the Sriharikota space centre in Andhra Pradesh was the remote-sensi
Published 21 Apr, 2011 12:00am
Employees reinstated under the Act: OGDCL

Employees reinstated under the Act: OGDCL

The Oil & Gas Development Company Limited (OGDCL) being a public sector organisation has complied with the Sacked Employees (Re-instatement Act, 2010) as such as all categories of employees who fall as sacked employees under the provisions of the Act have
Published 21 Apr, 2011 12:00am
Employees reinstated under the Act: OGDCL

Employees reinstated under the Act: OGDCL

The Oil & Gas Development Company Limited (OGDCL) being a public sector organisation has complied with the Sacked Employees (Re-instatement Act, 2010) as such as all categories of employees who fall as sacked employees under the provisions of the Act have
Published 21 Apr, 2011 12:00am
Employees reinstated under the Act: OGDCL

Employees reinstated under the Act: OGDCL

The Oil & Gas Development Company Limited (OGDCL) being a public sector organisation has complied with the Sacked Employees (Re-instatement Act, 2010) as such as all categories of employees who fall as sacked employees under the provisions of the Act have
Published 21 Apr, 2011 12:00am
THE RUPEE: dollar drift lower

THE RUPEE: dollar drift lower

Firmness prevailed on the currency market on Wednesday as the rupee managed to recover some ground versus the dollar, money experts said. The rupee gained 11 paisa versus the dollar for buying at 84.41 and it also rose by 12 paisa for selling at 84.46, th
Published 21 Apr, 2011 12:00am
THE RUPEE: dollar drift lower

THE RUPEE: dollar drift lower

Firmness prevailed on the currency market on Wednesday as the rupee managed to recover some ground versus the dollar, money experts said. The rupee gained 11 paisa versus the dollar for buying at 84.41 and it also rose by 12 paisa for selling at 84.46, th
Published 21 Apr, 2011 12:00am
Tax notices issued in time-barred cases

Tax notices issued in time-barred cases

The income tax department has issued notices to a number of registered persons in time-barred cases, involving frivolous demands. Sources told Business Recorder here on Wednesday that the Income Tax Bar Association (ITBA) has issued a letter to the
Published 21 Apr, 2011 12:00am
Tax notices issued in time-barred cases

Tax notices issued in time-barred cases

The income tax department has issued notices to a number of registered persons in time-barred cases, involving frivolous demands. Sources told Business Recorder here on Wednesday that the Income Tax Bar Association (ITBA) has issued a letter to the
Published 21 Apr, 2011 12:00am
Tax notices issued in time-barred cases

Tax notices issued in time-barred cases

The income tax department has issued notices to a number of registered persons in time-barred cases, involving frivolous demands. Sources told Business Recorder here on Wednesday that the Income Tax Bar Association (ITBA) has issued a letter to the
Published 21 Apr, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (April 20, 2011).

Published 21 Apr, 2011 12:00am
'Private sector's role vital in promoting education'

'Private sector's role vital in promoting education'

Punjab Minister for Education Mujtaba Shuja Rehman has said that Punjab government is striving to promote education and special enrolment programme had been initiated under more than 3 million children from age 5 to 9 years were being enrolled in the scho
Published 21 Apr, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (April 20, 2011).

Published 21 Apr, 2011 12:00am
Transfers and postings

Transfers and postings

The Lahore High Court here Wednesday made transfers and postings among seven Additional District and Sessions Judges (AD&SJs) and four civil judges-cum-judicial magistrates.
Published 21 Apr, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (April 20, 2011).

Published 21 Apr, 2011 12:00am
Fake degree case: LHC issues notice to MPA

Fake degree case: LHC issues notice to MPA

An election tribunal of the Lahore High Court on Wednesday issued notice in a petition challenging election of PML-Q, MPA Mian Tariq Mahmood. The petitioner, a voter, Muhammad Tariq alleged that Mian Tariq had a bogus degree of BA. He said that according
Published 21 Apr, 2011 12:00am
PML-N believes in promotion of trade

PML-N believes in promotion of trade

Pakistan Muslim League-Nawaz (PML-N) believes in promoting trade instead of relying on foreign aid and the need of the hour is to rely on local resources to steer the country out of prevailing economic crises. The Deputy Speaker Punjab Assembly Rana Musho
Published 21 Apr, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (April 20, 2011).

Published 21 Apr, 2011 12:00am
FBR urged to probe illegal use of vehicles in Lahore RTO

FBR urged to probe illegal use of vehicles in Lahore RTO

The executive body of the Federal Revenue Alliance Employees Union (CBA) has reiterated its demand that the Federal Board of Revenue (FBR) should hold an enquiry into the illegal use of vehicles in the Regional Tax Office (RTO), Lahore, and other offices
Published 21 Apr, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (April 20, 2011) and for Thursday (April 21, 2011).
Published 21 Apr, 2011 12:00am
Delay in wheat procurement criticised

Delay in wheat procurement criticised

Kisan Board Pakistan (KBP) has strongly criticised the delay in wheat procurement and alleged that growers of Southern Punjab are forced to sell their produce on throwaway prices. KBP President Sardar Zafar Hussein Khan and General Secretary Malik Muhamma
Published 21 Apr, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (April 20, 2011).

Published 21 Apr, 2011 12:00am
UAF Senate approves budget

UAF Senate approves budget

The University of Agriculture Faisalabad (UAF) Senate has approved Rs 1730.01 million budget for the financial year 2010-11 with the deficit of Rs 329.911 million. The income of the university is Rs 1400.099 million whereas it spends Rs 1730.01 million. A
Published 21 Apr, 2011 12:00am
Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates

Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (April 20, 2011).

Published 21 Apr, 2011 12:00am
Government urged to implement regular service structure for doctors

Government urged to implement regular service structure for doctors

The Multan chapter of the Pakistan Medical Association on Wednesday demanded that Prime Minster Yousuf Raza Gilani should get a special remuneration package for doctors approved by the Federal Cabinet and implement it across Pakistan. Addressing a press c
Published 21 Apr, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 21 Apr, 2011 12:00am
'CEC must be appointed in consultation with opposition'

'CEC must be appointed in consultation with opposition'

Speakers of a forum have called upon the government that the chief election commissioner (CEC) must be appointed in consultation with the opposition and govt. allies after assurance of his credibility, reputation and impartiality; Intra party elections sh
Published 21 Apr, 2011 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 21 Apr, 2011 12:00am
TDAP organises workshop on E-Commerce

TDAP organises workshop on E-Commerce

Trade Development Authority of Pakistan (TDAP), Regional Office Lahore organised a one day workshop on E-Commerce and Microcredit for women entrepreneurs at TDAP, here on Wednesday. The Consultant Google, Badar Khushnood apprised the participants of the w
Published 21 Apr, 2011 12:00am
LHC warns of strict action if allowance not given to teachers

LHC warns of strict action if allowance not given to teachers

The Lahore High Court here Wednesday warned Punjab finance secretary of strict action if "Big City Allowance" was not given to teachers serving within the limits of city district government Lahore. An assistant advocate general on behalf of the government
Published 21 Apr, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (April 20, 2011).

Published 21 Apr, 2011 12:00am
Malik meets Iranian counterpart

Malik meets Iranian counterpart

Minister for Interior A. Rehman Malik met with his Iranian counterpart Mustafa Muhammad Nijar and discussed the matters of mutual interests, said a message received here on Wednesday. Interior Minister Rehman Malik is currently undertaking an official vis
Published 21 Apr, 2011 12:00am
The Weather

The Weather

The weather report on Wednesday (April 20, 2011) and the forecast for Thursday (April 21, 2011).

Published 21 Apr, 2011 12:00am
Agricultural research system: inappropriate investment mars efficiency

Agricultural research system: inappropriate investment mars efficiency

Efficiency of agricultural research system has deteriorated due to little and inappropriate investment, lack of co-ordination, planning and poor monitoring and evaluation. This was stated by the Chief Executive Punjab Agriculture Research Board (PARB) Dr
Published 21 Apr, 2011 12:00am
Ambassador designate to Qatar calls on President

Ambassador designate to Qatar calls on President

Ambassador designate to Qatar Mohammad Sarfraz Khanzada on Wednesday called on President Asif Ali Zardari at Aiwan-e-Sadr and discussed matters relating to his new assignment. The President congratulated the newly appointed ambassador to Qatar and asked h
Published 21 Apr, 2011 12:00am
The country needs an energy czar

The country needs an energy czar

Dr Asim Hussain has been reappointed as Advisor to the Prime Minister on Petroleum and Natural Resources, subsequent to his unopposed election from the Senate. But this time he has power to order evil spirits out of oil and gas business! This impression w
Published 21 Apr, 2011 12:00am
Negotiating peace with Taliban

Negotiating peace with Taliban

Talking to journalists in Islamabad on Sunday the ANP chief Asfandyar Wali said his party supported the US-backed plan to negotiate peace with the Taliban, adding that talks were the only way to end terrorism and resolve the militancy-related issues beset
Published 21 Apr, 2011 12:00am
VIEW POINT: The matter of drone attacks

VIEW POINT: The matter of drone attacks

The issue has suddenly assumed crisis proportions. Tehreek-e- Insaf is to stage a two-day sit-in this weekend along the Nato supply route near Peshawar to protest relentless US Predator drone strikes. The party Chairman Imran Khan though has been consiste
Published 21 Apr, 2011 12:00am
Practical strategies for global investments

Practical strategies for global investments

Several factors are relevant when we consider making an investment abroad. For example, the form of investment contemplated, the structure of the organisation and the type of anticipated income to be derived are all important factors for consideration. Th
Published 21 Apr, 2011 12:00am
A year after BP disaster: payouts low, fears high

A year after BP disaster: payouts low, fears high

At first sight, everything looks back to normal on the Gulf of Mexico a year after the worst oil disaster in US history. But fear and uncertainty persist. Gone are the angry banners - "BP, we want our beach back!" - that vented the fury of the people of G
Published 21 Apr, 2011 12:00am
HEC devolution

HEC devolution

The government is devolving the Higher Education Commission - a very destructive and risky decision. This action of the government is being criticised and opposed by almost all the citizens of Pakistan: students, teachers, and others. They are opposing th
Published 21 Apr, 2011 12:00am
Gas bills

Gas bills

Cheating and deceiving is norm of the day in Pakistan. Why then should public utility companies lag behind others? The SNGPL issued a gas bill for the month of February on March 25, but delivered it at my residence on April 8, which was the last date for
Published 21 Apr, 2011 12:00am
Power shortfall crosses threshold of 4000 megawatts

Power shortfall crosses threshold of 4000 megawatts

Power shortfall has crossed 4000MW during last 24 hours with a considerable cut in hydel generation in the country. This sudden rise in power shortfall has left the power distribution companies with no option but to increase load-shedding duration. Partic
Published 21 Apr, 2011 12:00am
Allama Iqbal's 73rd death anniversary today

Allama Iqbal's 73rd death anniversary today

The 73rd death anniversary of great poet and philosopher, Dr Allama Muhammad Iqbal is being observed throughout the country on Thursday (today). Quran Khawani will be held and special prayers to be offered for Allama Iqbal. One of the most prominent leade
Published 21 Apr, 2011 12:00am
Medical entry test: LHC seeks reply from secretary health

Medical entry test: LHC seeks reply from secretary health

A division bench of the Lahore High Court on Wednesday sought reply from secretary health by May 3 in a petition challenging the process of medical entry test and existence of University Health Sciences (UHS). A student of FSc, Mehvish filed the petition
Published 21 Apr, 2011 12:00am
Rumpus in National Assembly as PML-N walks out in protest

Rumpus in National Assembly as PML-N walks out in protest

Amid an uproar over the tight-lipped policy of the government over domestic as well as international concerns, Pakistan Muslim League-Nawaz (PML-N) on Wednesday staged a walk-out from the National Assembly that led to an exchange of accusations between th
Published 21 Apr, 2011 12:00am
From A Ringside Seat

From A Ringside Seat

Parliamentarians of Pakistan People's Party and Pakistan Muslim League-Nawaz wasted most of the time of the Lower House in trading allegations and did not hesitate even in mudslinging on each other about what have been transpiring between their leadership
Published 21 Apr, 2011 12:00am
'Fight against extremists in larger interest of international community'

'Fight against extremists in larger interest of international community'

Governor Punjab, Sardar Latif Khan Khosa has said Pakistan and Nato forces are fighting against extremists in the larger interest of international community. He was speaking at the certificate distribution ceremony held in honour of the participants of So
Published 21 Apr, 2011 12:00am
Expedite work on hydel projects: Hoti

Expedite work on hydel projects: Hoti

Khyber Pakhtunkhwa (KP) Chief Minister Ameer Haider Khan Hoti has directed that work on hydel generation projects should be expedited and as the sector is of prime importance for stability of economy and future of the province. He was chairing the Board o
Published 21 Apr, 2011 12:00am
Pesco registers 835 FIRs, recovers Rs 625 million from defaulters

Pesco registers 835 FIRs, recovers Rs 625 million from defaulters

Peshawar Electricity Supply Company (Pesco) arrested dozens of power thieves in crackdown and registered 835 FIRs and recovered an amount of Rs 625 million from defaulters during last two weeks. The company also removed 5000 direct hooks in the operation.
Published 21 Apr, 2011 12:00am
22 injured in accident

22 injured in accident

At least 22 persons including six women got injured in road accident at Tenda village on Wednesday. According to the Police sources a Kotli bound bus (BHX-AO36) was coming from district Plundri, while initiating a sharp turn fell in a deep ravine.
Published 21 Apr, 2011 12:00am
Khyber Pakhtunkhwa clerical employees go on strike

Khyber Pakhtunkhwa clerical employees go on strike

Clerical staff of different government departments of Khyber Pakhtunkhwa on Wednesday observed token strike and boycotted from attending their duties against the non-implementation of their charter of demands. The attendance of clerical staff in most of t
Published 21 Apr, 2011 12:00am
Soneri Bank declares strong pre-tax profit

Soneri Bank declares strong pre-tax profit

Soneri Bank's Board of Directors met in Lahore to review accounts for the period January - March 2011. The Board reviewed the performance and were satisfied with the results of the Bank in a very competitive market environment. The Bank reported a pre-tax
Published 21 Apr, 2011 12:00am
Soneri Bank declares strong pre-tax profit

Soneri Bank declares strong pre-tax profit

Soneri Bank's Board of Directors met in Lahore to review accounts for the period January - March 2011. The Board reviewed the performance and were satisfied with the results of the Bank in a very competitive market environment. The Bank reported a pre-tax
Published 21 Apr, 2011 12:00am
IoBM holds international conference on Floods 2010

IoBM holds international conference on Floods 2010

At an international conference on "Floods 2010: Causes, Impact, Relief and Rehabilitation", organised at the Institute of Business Management (IoBM) in collaboration with the Pakistan Meteorological Department (PMD), experts explored ways and means in the
Published 21 Apr, 2011 12:00am
Nokia E7 now available in Pakistan

Nokia E7 now available in Pakistan

The much awaited Nokia business smartphone, Nokia E7, is now available in Pakistan. With its tilting 4 inch clear black display, full keyboard and a fast access to a wide variety of apps directly on the homescreen, the Nokia E7 is the key to having a succ
Published 21 Apr, 2011 12:00am
PIA charging highest fare from Hajj pilgrims: analysts

PIA charging highest fare from Hajj pilgrims: analysts

The Pakistan International Airlines (PIA) charges one of the highest fares (rate per kilometre) from the pilgrims whereas its rate per kilometre is lower on its own network thus making up from the pilgrims what it loses on rest of their international netw
Published 21 Apr, 2011 12:00am
President calls for devising strategy for lining of canals

President calls for devising strategy for lining of canals

President Asif Ali Zardari on Wednesday asked Water and Power Development Authority (WAPDA) and the Ministry of Water and Power to devise a strategy for lining of canals and water courses in all parts of the country. The strategy should aim at permanently
Published 21 Apr, 2011 12:00am
Taliban kill two for supplying livestock to Afghanistan

Taliban kill two for supplying livestock to Afghanistan

Taliban militants in tribal belt Wednesday killed a truck driver and his helper for supplying livestock to Afghanistan, a senior official told AFP. The attack took place in Baizai town of Mohmand tribal district, where Military is engaged in anti-militant
Published 21 Apr, 2011 12:00am
Gilani for early completion of communication projects

Gilani for early completion of communication projects

Prime Minister Syed Yousuf Raza Gilani on Wednesday directed Ministry of Communication and National Highway Authority (NHA) to prioritise projects according to strategic needs as well as availability of funds to ensure early completion of projects.
Published 21 Apr, 2011 12:00am
OGRA firm to protect stakeholders' rights

OGRA firm to protect stakeholders' rights

Oil and Gas Regulatory Authority (OGRA) is determined to protect the rights of all stakeholders in accordance with the law and in the best interest of public, says Tauqir Sadiq, Chairman OGRA who was chairing a public hearing organised by OGRA at Lahore o
Published 21 Apr, 2011 12:00am
One dish at weddings Indian government to study Pakistani law

One dish at weddings Indian government to study Pakistani law

Perturbed over the huge wastage of food during social events in India, the Indian government said it will study the relevant law of Pakistan to deal with the problem. The Food and Consumer Affairs Minister K V Thomas said on Wednesday that the Ministry ha
Published 21 Apr, 2011 12:00am
Production capacity of PSM: government wants to expand over 3MMTY

Production capacity of PSM: government wants to expand over 3MMTY

A meeting to discuss the Balancing, Modernisation, Revamping and Extension (BMRE) of Pakistan Steel Mills (PSM) through Russian technical assistance was held, here on Wednesday. Federal Minister for Industries and Production, Mir Hazar Khan Bijarani presi
Published 21 Apr, 2011 12:00am
Wheat worth millions of rupees gutted

Wheat worth millions of rupees gutted

The millions of cash wheat crops have been devastated when got fire in Rabi canal area of Nasirabad district on Wednesday. According to reports, in the morning the ready crops of wheat gutted which caused millions of rupees losses. The wheat crops owner A
Published 21 Apr, 2011 12:00am
No plan to undo HEC's good deeds: Badr

No plan to undo HEC's good deeds: Badr

The government is not planning to undo the good work done by the Higher Education Commission (HEC) in the last eight years. The HEC should be protected in the best national interest, since it has achieved tremendous success, unheard of in the past.
Published 21 Apr, 2011 12:00am
Islamabad Police bust gang of dacoits

Islamabad Police bust gang of dacoits

Islamabad Police busted a gang of dacoits and arrested three gangsters, besides arresting five other outlaws from whom two vehicles, three pistols and drugs were recovered, said a spokesman of Islamabad Police here on Wednesday. Bhara Kahu Police on a tip
Published 21 Apr, 2011 12:00am
President administers oath to Chandio as Law Minister

President administers oath to Chandio as Law Minister

President Asif Ali Zardari on Wednesday administered oath to Senator Maula Bakhsh Chandio as Minister for Law and Justice at a ceremony here at the Aiwan-e-Sadr. The oath-taking ceremony was attended among others by Prime Minister Syed Yusaf Raza Gilani,
Published 21 Apr, 2011 12:00am
Chinese envoy praises LEAs' efforts against terrorism

Chinese envoy praises LEAs' efforts against terrorism

Islamabad Police and other law enforcement agencies have faced the challenges of terrorism and extremism with courage and succeeded in providing security to live and property of the citizens, said Liu Jian Chinese Ambassador to Pakistan here on Wednesday.
Published 21 Apr, 2011 12:00am
'Contradiction'

'Contradiction'

Sui Southern Gas Company would like to contradict any impression about difference of opinion between SSGC officials on any project of LNG import which was quoted in a news item "Dispute between 2 SSGC officials threatens LNG Mashal project" carried by
Published 21 Apr, 2011 12:00am
Aptma for continuation of duty-free regime for textile sector

Aptma for continuation of duty-free regime for textile sector

The All Pakistan Textile Mills Association (Aptma) has proposed to the government to continue duty-free regime for textile sector. Any move to impose restriction on export of cotton and yarn will be opposed to save the local industry, said Aptma Chairman
Published 21 Apr, 2011 12:00am
Government introduces computerised arms licence management system

Government introduces computerised arms licence management system

The federal government has introduced a secure Computerised Arms License Management System which will help curb crime, said Ali Arshad Hakeem, Chairman National Database and Registration Authority (Nadra), here on Wednesday. Nadra issues computerised arm
Published 21 Apr, 2011 12:00am
Scientists strive to improve economy: Dr Samar

Scientists strive to improve economy: Dr Samar

Renowned scientist Dr Samar Mubarakmand said that efficient use of the abundant coal reserves in Pakistan alone can guarantee solution to the power woes of the country, adding that they could easily transform coal into gas and then into electricity, which
Published 21 Apr, 2011 12:00am
Chinese comapany wants to invest in Thar coal

Chinese comapany wants to invest in Thar coal

Sindh Chief Minister, Syed Qaim Ali Shah, on Wednesday held a meeting with seven-member Chinese delegation at the CM House. Syed Qaim Ali Shah welcomed the Chinese delegation on behalf of the Sindh Government, Sindh Cabinet and people of the province.
Published 21 Apr, 2011 12:00am
Occupation of OGDCL MD's office 60 management trainees arrested

Occupation of OGDCL MD's office 60 management trainees arrested

Police have arrested 60 management trainees recently reinstated in Oil and Gas Development Company Limited (OGDCL) over allegations of occupying the office of Managing Director (MD) Naeem Malik to get the fixation of salaries on their own terms & conditio
Published 21 Apr, 2011 12:00am
Punjab Bank loan scam case: LHC adjourns hearing

Punjab Bank loan scam case: LHC adjourns hearing

A division bench of the Lahore High Court here Wednesday adjourned to May 4 the hearing of bail petition of Hamesh Khan and his co-accused Shekih Afzal in a Punjab Bank loan scam of Rs 9 billion as Afzal engaged Ahmed Awais as his new counsel who needed t
Published 21 Apr, 2011 12:00am
Aameen ceremony held at Dawood School

Aameen ceremony held at Dawood School

Dawood Public School has conferred 100 students of class VIII with the certificates of the completion of Quran in an Aameen ceremony. The written examination as well as oral viva was supervised by external Aalimas examiners in an Aameen ceremony.
Published 21 Apr, 2011 12:00am
PAC asks government to ensure early wheat procurement

PAC asks government to ensure early wheat procurement

Public Accounts Committee (PAC) has directed the government to ensure the early procurement of wheat to benefit the growers saying that delay in procurement will create problems for growers. The Special Committee III of PAC met here on Wednesday at Parlia
Published 21 Apr, 2011 12:00am
KUBS initiates research exchange programme

KUBS initiates research exchange programme

Karachi University Business School (KUBS) has signed a project with international universities for mutual co-operation regarding education and research. KUBS Chairman Abdul Rehman announced the project on Wednesday while addressing the annual convocation
Published 21 Apr, 2011 12:00am
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