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Archive - 2011-05-24
Canada announces sanctions against Syria
Top News

Canada announces sanctions against Syria

OTTAWA : Canada 's foreign affairs minister announced Tuesday sanctions against Syria 's government over its "violent
Published 24 May, 2011 09:32pm
Euro rises versus dollar
Financial

Euro rises versus dollar

NEW YORK : The euro edged up from a two-month low against the dollar on Tuesday lifted by better-than-expected German da
Published 24 May, 2011 04:55pm
KSE ended up, rupee firms
Markets

KSE ended up, rupee firms

KARACHI : Karachi Stocks Exchange (KSE) on Tuesday ended higher on rumours that some new tax measures for 2011/12 may
Published 24 May, 2011 02:07pm
LSE gains 24.54 points
Markets

LSE gains 24.54 points

LAHORE : The Lahore Stock Exchange witnessed bullish trend by gaining 24.54 points on Tuesday as LSE-25 index opened wit
Published 24 May, 2011 01:21pm
Mehran Base commander removed
Top News

Mehran Base commander removed

ISLAMABAD : The commander of Mehran Naval Base attacked by militants on Sunday was relieved of his command on Wednesday,
Published 24 May, 2011 12:00am
Whats in a name?
BR Research

Whats in a name?

"Tis but thy name, that is my enemy," said Juliet Capulet, upon learning that the love of her life came from mortal enemies of her own clan.
Published 24 May, 2011 12:00am
IPO-Pakistan needs to shift gear
BR Research

IPO-Pakistan needs to shift gear

In a globalised world, Intellectual Property (IP) rights have assumed greater significance. The IP rights include patents, copyrights, trade
Published 24 May, 2011 12:00am
PMEX back to the futures
BR Research

PMEX back to the futures

The Pakistan Mercantile Exchange will have their hands full in the coming few days. After plans for the initiation of futures trading in cot
Published 24 May, 2011 12:00am
About ICMAP

About ICMAP

The institute of Cost and Management Accountants of Pakistan (ICMAP) was established in 1951 and was granted statutory status under the Cost and Management Accountants Act, 1966 for regulating the profession of Cost and Management Accounting. Mr Muhammad
Published 24 May, 2011 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 24 May, 2011 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 24 May, 2011 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (May 23, 2011).

Published 24 May, 2011 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (May 23, 2011).

Published 24 May, 2011 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (May 23, 2011).

Published 24 May, 2011 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Monday (May 23, 2011).

Published 24 May, 2011 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (May 23, 2011).
Published 24 May, 2011 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (May 23, 2011).

Published 24 May, 2011 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (May 23, 2011).
Published 24 May, 2011 12:00am
Standoff ends after 17-hour gun battle

Standoff ends after 17-hour gun battle

Troops recaptured PNS Mehran - Pakistan Navy's airbase - on Shahrea Faisal here on Monday after a 17-hour battle with terrorists. At least four terrorists, equipped with latest and heavy arms and ammunitions, attacked PNS Mehran on Sunday night, leaving 1
Published 24 May, 2011 12:00am
Standoff ends after 17-hour gun battle

Standoff ends after 17-hour gun battle

Troops recaptured PNS Mehran - Pakistan Navy's airbase - on Shahrea Faisal here on Monday after a 17-hour battle with terrorists. At least four terrorists, equipped with latest and heavy arms and ammunitions, attacked PNS Mehran on Sunday night, leaving 1
Published 24 May, 2011 12:00am
US gave these aircraft under military sales: naval chief

US gave these aircraft under military sales: naval chief

P-3C Orion aircraft are used for maritime patrol and are capable of locating warships and submarines in ocean to destroy them. The estimated cost of this aircraft is $36m. Speaking to media, Admiral Nauman Bashir, Pakistan naval chief, said that "US gave
Published 24 May, 2011 12:00am
US gave these aircraft under military sales: naval chief

US gave these aircraft under military sales: naval chief

P-3C Orion aircraft are used for maritime patrol and are capable of locating warships and submarines in ocean to destroy them. The estimated cost of this aircraft is $36m. Speaking to media, Admiral Nauman Bashir, Pakistan naval chief, said that "US gave
Published 24 May, 2011 12:00am
Chinese, Americans evacuated

Chinese, Americans evacuated

Officials said 11 Chinese and six American maintenance contractors were evacuated safely during the attack, but it took 17 hours before the navy confirmed that the attack on the PNS (Pakistan Naval Ship) Mehran was over. "We have cleared the base. The ope
Published 24 May, 2011 12:00am
Chinese, Americans evacuated

Chinese, Americans evacuated

Officials said 11 Chinese and six American maintenance contractors were evacuated safely during the attack, but it took 17 hours before the navy confirmed that the attack on the PNS (Pakistan Naval Ship) Mehran was over. "We have cleared the base. The ope
Published 24 May, 2011 12:00am
US, UK and India condemn attack

US, UK and India condemn attack

The United States on Monday condemned a deadly attack by Taliban gunmen on a naval base in Karachi, saying it showed the need for US-Pakistani co-operation despite differences between both sides. "We strongly condemn this terrorist attack and we're commit
Published 24 May, 2011 12:00am
US, UK and India condemn attack

US, UK and India condemn attack

The United States on Monday condemned a deadly attack by Taliban gunmen on a naval base in Karachi, saying it showed the need for US-Pakistani co-operation despite differences between both sides. "We strongly condemn this terrorist attack and we're commit
Published 24 May, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 24 May, 2011 12:00am
US drone strike kills seven

US drone strike kills seven

A US drone strike on Monday destroyed a vehicle in Taliban and al Qaeda-linked stronghold of North Waziristan on the Afghan border, killing seven militants, officials said. The attack took place on the outskirts of Mir Ali, some 30 kilometres (20 miles) e
Published 24 May, 2011 12:00am
US drone strike kills seven

US drone strike kills seven

A US drone strike on Monday destroyed a vehicle in Taliban and al Qaeda-linked stronghold of North Waziristan on the Afghan border, killing seven militants, officials said. The attack took place on the outskirts of Mir Ali, some 30 kilometres (20 miles) e
Published 24 May, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 May, 2011 12:00am
DCC meets on May 25

DCC meets on May 25

The Federal Government has called an urgent meeting of Defence Committee of the Cabinet on Wednesday to review security arrangements in the country to tackle the increasing wave of terrorism, and evolve an effective strategy against terrorists.
Published 24 May, 2011 12:00am
DCC meets on May 25

DCC meets on May 25

The Federal Government has called an urgent meeting of Defence Committee of the Cabinet on Wednesday to review security arrangements in the country to tackle the increasing wave of terrorism, and evolve an effective strategy against terrorists.
Published 24 May, 2011 12:00am
Mullah Omar goes missing in Pakistan: Afghan spy agency

Mullah Omar goes missing in Pakistan: Afghan spy agency

Elusive Taliban leader Mullah Mohammad Omar has gone missing from his hideout in Pakistan, a spokesman for the Afghan spy agency said Monday, hours after the Taliban rejected reports about their leader's death. Mullah Omar "has disappeared from his locati
Published 24 May, 2011 12:00am
Mullah Omar goes missing in Pakistan: Afghan spy agency

Mullah Omar goes missing in Pakistan: Afghan spy agency

Elusive Taliban leader Mullah Mohammad Omar has gone missing from his hideout in Pakistan, a spokesman for the Afghan spy agency said Monday, hours after the Taliban rejected reports about their leader's death. Mullah Omar "has disappeared from his locati
Published 24 May, 2011 12:00am
EU imposes sanctions on Assad

EU imposes sanctions on Assad

The European Union imposed sanctions on Syrian President Bashar al-Assad and other senior officials on Monday, raising pressure on his government to end weeks of violence against protesters. EU foreign ministers agreed at a meeting in Brussels to expand r
Published 24 May, 2011 12:00am
EU imposes sanctions on Assad

EU imposes sanctions on Assad

The European Union imposed sanctions on Syrian President Bashar al-Assad and other senior officials on Monday, raising pressure on his government to end weeks of violence against protesters. EU foreign ministers agreed at a meeting in Brussels to expand r
Published 24 May, 2011 12:00am
SBP intervention lifts rupee against dollar

SBP intervention lifts rupee against dollar

The State Bank of Pakistan on Monday intervened to support the depleting rupee against the US dollar in the interbank market. Sources in banking industry told Business Recorder that the State Bank disbursed about $100 to $150 million in the interba
Published 24 May, 2011 12:00am
THE RUPEE: dollar falls

THE RUPEE: dollar falls

The rupee managed to recover most of the ground against dollar on the currency market on Monday, experts said. Supply of dollars improved which helped the rupee to look ahead, gaining 51 paisa versus the US currency for buying at 85.84 and posted a rise o
Published 24 May, 2011 12:00am
SBP intervention lifts rupee against dollar

SBP intervention lifts rupee against dollar

The State Bank of Pakistan on Monday intervened to support the depleting rupee against the US dollar in the interbank market. Sources in banking industry told Business Recorder that the State Bank disbursed about $100 to $150 million in the interba
Published 24 May, 2011 12:00am
THE RUPEE: dollar falls

THE RUPEE: dollar falls

The rupee managed to recover most of the ground against dollar on the currency market on Monday, experts said. Supply of dollars improved which helped the rupee to look ahead, gaining 51 paisa versus the US currency for buying at 85.84 and posted a rise o
Published 24 May, 2011 12:00am
SBP intervention lifts rupee against dollar

SBP intervention lifts rupee against dollar

The State Bank of Pakistan on Monday intervened to support the depleting rupee against the US dollar in the interbank market. Sources in banking industry told Business Recorder that the State Bank disbursed about $100 to $150 million in the interba
Published 24 May, 2011 12:00am
17 percent ST on supplies to unregistered sectors on the cards

17 percent ST on supplies to unregistered sectors on the cards

The government is expected to abolish reduced rate of 4-6 percent sale tax on the local supplies made to the unregistered persons of five zero-rated sectors for restoration of standard rate of 17 percent sales tax on these sectors from 2011-12.
Published 24 May, 2011 12:00am
17 percent ST on supplies to unregistered sectors on the cards

17 percent ST on supplies to unregistered sectors on the cards

The government is expected to abolish reduced rate of 4-6 percent sale tax on the local supplies made to the unregistered persons of five zero-rated sectors for restoration of standard rate of 17 percent sales tax on these sectors from 2011-12.
Published 24 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 23, 2011).

Published 24 May, 2011 12:00am
17 percent ST on supplies to unregistered sectors on the cards

17 percent ST on supplies to unregistered sectors on the cards

The government is expected to abolish reduced rate of 4-6 percent sale tax on the local supplies made to the unregistered persons of five zero-rated sectors for restoration of standard rate of 17 percent sales tax on these sectors from 2011-12.
Published 24 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 23, 2011).

Published 24 May, 2011 12:00am
Index crosses 12,000-point mark

Index crosses 12,000-point mark

The KSE-100 index on Monday closed above 12,000 points level at 12,030.64 points with a net gain of 57.26 points on the back of institutional support. The market opened on a negative note as investors opted cautious stance due to prevailing law and order
Published 24 May, 2011 12:00am
Index crosses 12,000-point mark

Index crosses 12,000-point mark

The KSE-100 index on Monday closed above 12,000 points level at 12,030.64 points with a net gain of 57.26 points on the back of institutional support. The market opened on a negative note as investors opted cautious stance due to prevailing law and order
Published 24 May, 2011 12:00am
Index crosses 12,000-point mark

Index crosses 12,000-point mark

The KSE-100 index on Monday closed above 12,000 points level at 12,030.64 points with a net gain of 57.26 points on the back of institutional support. The market opened on a negative note as investors opted cautious stance due to prevailing law and order
Published 24 May, 2011 12:00am
BRIndex30 up 29.8 points

BRIndex30 up 29.8 points

On Monday, the BRIndex30 opened at 8,612.92 points. It touched the intra-day high of 8,654.05 points and low of 8,582.55 points and closed at 8,642.72 points with a net positive change of 29.8 points, or 0.35 percent higher than previous close.
Published 24 May, 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 14TH MAY, 2011.

Published 24 May, 2011 12:00am
BRIndex30 up 29.8 points

BRIndex30 up 29.8 points

On Monday, the BRIndex30 opened at 8,612.92 points. It touched the intra-day high of 8,654.05 points and low of 8,582.55 points and closed at 8,642.72 points with a net positive change of 29.8 points, or 0.35 percent higher than previous close.
Published 24 May, 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 14TH MAY, 2011.

Published 24 May, 2011 12:00am
Bullish sentiments prevail on LSE

Bullish sentiments prevail on LSE

Bullish sentiments prevailed on the Lahore Stock Exchange on Monday where equities registered gains amid decreased trading turnover due to the investors' conscious approach while taking positions. The LSE-25 index gained 9.31 points and was closed at 3204
Published 24 May, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (May 23, 2011).

Published 24 May, 2011 12:00am
Bullish sentiments prevail on LSE

Bullish sentiments prevail on LSE

Bullish sentiments prevailed on the Lahore Stock Exchange on Monday where equities registered gains amid decreased trading turnover due to the investors' conscious approach while taking positions. The LSE-25 index gained 9.31 points and was closed at 3204
Published 24 May, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (May 23, 2011).

Published 24 May, 2011 12:00am
ISE index sheds 24.26 points

ISE index sheds 24.26 points

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) on Monday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 24.26 points from 2,689.38 points to 2713.64 points. Turnover amounted to 12,100 shares as co
Published 24 May, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (May 23, 2011).

Published 24 May, 2011 12:00am
ISE index sheds 24.26 points

ISE index sheds 24.26 points

Bears dominated the proceedings at Islamabad Stock Exchange (ISE) on Monday where equities showed negative signs amid decrease in index. ISE-10 Index was down by 24.26 points from 2,689.38 points to 2713.64 points. Turnover amounted to 12,100 shares as co
Published 24 May, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (May 23, 2011).

Published 24 May, 2011 12:00am
US tornado death toll hits 116

US tornado death toll hits 116

The death toll from a massive tornado which ravaged a Missouri town has hit 116 and is expected to rise, making it the deadliest single twister in modern record, officials said Monday. The massive twister cut a swath of destruction four miles (6.4 kilomet
Published 24 May, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (May 23, 2011).

Published 24 May, 2011 12:00am
US tornado death toll hits 116

US tornado death toll hits 116

The death toll from a massive tornado which ravaged a Missouri town has hit 116 and is expected to rise, making it the deadliest single twister in modern record, officials said Monday. The massive twister cut a swath of destruction four miles (6.4 kilomet
Published 24 May, 2011 12:00am
US judge denies imams bail in Pakistani case

US judge denies imams bail in Pakistani case

A US judge on Monday denied bail for a 76-year-old Florida imam and his son accused of sending $50,000 to support the Pakistani Taliban. Pakistan-born Hafiz Muhammed Sher Ali Khan, the head of one of Miami's leading mosques, and his son, Izhar Khan, who i
Published 24 May, 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 (May 23, 2011).

Published 24 May, 2011 12:00am
US husband, wife admit trying to fund Hezbollah

US husband, wife admit trying to fund Hezbollah

An Ohio husband and wife pleaded guilty Monday to charges of conspiring to send hundreds of thousands of dollars to Lebanon's Shiite militant group Hezbollah, US prosecutors said. Hor Akl and his wife, Amera Akl, both 38, entered their guilty pleas in a U
Published 24 May, 2011 12:00am
Pakistan and Afghan commerce ministers meeting today

Pakistan and Afghan commerce ministers meeting today

Commerce ministers of Pakistan and Afghanistan are holding a one on one meeting on Tuesday (today) in Dubai on the sidelines of Pakistan Afghanistan Summit to be monitored by the Americans and Europeans, well informed sources told Business Recorder
Published 24 May, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (May 23, 2011).

Published 24 May, 2011 12:00am
Pakistan and Afghan commerce ministers meeting today

Pakistan and Afghan commerce ministers meeting today

Commerce ministers of Pakistan and Afghanistan are holding a one on one meeting on Tuesday (today) in Dubai on the sidelines of Pakistan Afghanistan Summit to be monitored by the Americans and Europeans, well informed sources told Business Recorder
Published 24 May, 2011 12:00am
Pakistan and Afghan commerce ministers meeting today

Pakistan and Afghan commerce ministers meeting today

Commerce ministers of Pakistan and Afghanistan are holding a one on one meeting on Tuesday (today) in Dubai on the sidelines of Pakistan Afghanistan Summit to be monitored by the Americans and Europeans, well informed sources told Business Recorder
Published 24 May, 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 (May 23, 2011).

Published 24 May, 2011 12:00am
Mumbai attacks terror trial opens in Chicago

Mumbai attacks terror trial opens in Chicago

The Chicago trial of a man accused of working with terrorist to plot the 2008 Mumbai attacks opened Monday amid fears it could further inflame regional tensions. Chicago businessman Tahawwur Hussain Rana, 50, is charged with providing material support to
Published 24 May, 2011 12:00am
Mumbai attacks terror trial opens in Chicago

Mumbai attacks terror trial opens in Chicago

The Chicago trial of a man accused of working with terrorist to plot the 2008 Mumbai attacks opened Monday amid fears it could further inflame regional tensions. Chicago businessman Tahawwur Hussain Rana, 50, is charged with providing material support to
Published 24 May, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (May 23, 2011).

Published 24 May, 2011 12:00am
Chief minister Sindh approves setting up of Benazir College of Education

Chief minister Sindh approves setting up of Benazir College of Education

Sindh Chief Minister, Syed Qaim Ali Shah, has approved the setting up of Shaheed Mohtarma Benazir Bhutto College of Education at Larkana. This was stated by Sindh Minister for Law, Muhammad Ayaz Soomro, on Monday. He said that the Sindh Secretary Educatio
Published 24 May, 2011 12:00am
Punjab teachers stage protest demonstration

Punjab teachers stage protest demonstration

Teachers from all over Punjab on Monday staged a demonstration in favour of their rights outside the press club and Abdali Road. A large number of teachers gathered outside the club and chanted slogans for increase in their salaries and revision of pay sc
Published 24 May, 2011 12:00am
Altaf addresses party meeting at London Secretariat

Altaf addresses party meeting at London Secretariat

Muttahida Qaumi Movement (MQM), Chief Altaf Hussain has said that if his party comes into power, it would not only resolve the Kashmir issue but also the rights of the people of Kashmir would be protected. He was addressing a meeting at MQM's London Secre
Published 24 May, 2011 12:00am
Steel re-rolling unit sealed

Steel re-rolling unit sealed

Environment Protection Department (EPD) of the CDGL sealed a steel re-rolling mill in Mominpura on Monday for using substandard fuel. According to EPD, during monitoring their team sealed Usman steel re-rolling mill for causing heavy pollution in the said
Published 24 May, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (May 23, 2011) and for Tuesday (May 24, 2011).
Published 24 May, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (May 23, 2011).

Published 24 May, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 24 May, 2011 12:00am
Tax, RGST-free budget: PIAF hails finance minister's gesture

Tax, RGST-free budget: PIAF hails finance minister's gesture

Pakistan Industrial and Traders Association Front (PIAF) has welcomed federal finance minister's gesture of a tax free budget and putting off imposition of Reformed General Sales Tax (RGST), terming it a good omen for the business community. Chairman PIAF
Published 24 May, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 24 May, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (May 23, 2011).

Published 24 May, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (May 23, 2011).

Published 24 May, 2011 12:00am
PSDP 2011-12: National Economic Council likely to meet on May 28

PSDP 2011-12: National Economic Council likely to meet on May 28

National Economic Council is likely to meet under the chairmanship of Prime Minister, Syed Yousaf Raza Gilani on May 28 to review and approve PSDP size of Rs 720 billion, out of which Rs 280 billion would be for federal ministries, Rs 10 billion for Earth
Published 24 May, 2011 12:00am
The Weather

The Weather

The weather report on Monday (May 23, 2011) and the forecast for Tuesday (May 24, 2011).

Published 24 May, 2011 12:00am
PNS Mehran attack: P-3C Orion damaged

PNS Mehran attack: P-3C Orion damaged

Anti-submarine and maritime surveillance aircrafts P-3C Orion, which were damaged in PNS Mehran attack, were acquired from United States in June, 2010. These aircrafts are easily recognisable through its distinctive tail stinger used for the magnetic dete
Published 24 May, 2011 12:00am
Weather advisory for farmers till May 31

Weather advisory for farmers till May 31

In its weather advisory for farmers till May 31, the Meteorological Department has said that hot and dry weather is expected during this week, therefore, farmers of the irrigated areas are advised to irrigate the crops as per water requirement.
Published 24 May, 2011 12:00am
Lawyers observe black day against targeted killings

Lawyers observe black day against targeted killings

On the call of President of Supreme Court Bar Association Ms Asma Jahangir and Pakistan Bar Council legal fraternity on Monday observed countrywide black day and complete strike on Monday to protest growing targeted killings of members of the legal frater
Published 24 May, 2011 12:00am
PTCL launches new exciting offer

PTCL launches new exciting offer

Pakistan Telecommunication Company Limited (PTCL) has launched a country-wide new exciting offer for its valued customers; they can now get the exclusive 3G EVO Nitro device free by paying an advance payment of three months charges and enjoy EVO Nitro wir
Published 24 May, 2011 12:00am
MCCI seeks abolition of CVT on industrial sector

MCCI seeks abolition of CVT on industrial sector

The Multan Chamber of Commerce and Industry (MCCI), in its proposals for 2011-12 budget, has demanded of the government to abolish capital value tax (CVT) on industrial sector. MCCI office-bearers, including president Shahid Naseem Khokhar, said that the
Published 24 May, 2011 12:00am
10 arrested for car-snatching, drug pushing

10 arrested for car-snatching, drug pushing

Islamabad Police have arrested ten persons including four women for their alleged involvement in car-snatching, drug pushing, bootlegging, prostitution and theft from whom a snatched vehicle, two pistols ((30-bore), 2 kg charas, 12 bottles of liquor, stol
Published 24 May, 2011 12:00am
Visit of field officers to FBR House banned: written permission a must

Visit of field officers to FBR House banned: written permission a must

The Federal Board of Revenue (FBR) has imposed a ban on the visit of field officers to the FBR House without prior written permission of their heads in the field formations. It is learnt on Monday that the FBR has issued a general circular in this regard.
Published 24 May, 2011 12:00am
Pakistan needs to stop relying on foreign aid: Ishaq Dar

Pakistan needs to stop relying on foreign aid: Ishaq Dar

Pakistan Muslim League-Nawaz senior leader senator Ishaq Dar has termed foreign aid a root cause of all the issues confronted to the country and said, "It is time to break the begging bowl and achieve self-reliance for getting independence in true sense".
Published 24 May, 2011 12:00am
Expert warns against levying tax on poultry sector

Expert warns against levying tax on poultry sector

Levying of 15 percent General Sales Tax on rupees 200 billion poultry industry, providing jobs to 1.5 million people, will not only jack-up rate of unemployment, but would also change export potential in to an import liability so the government should imm
Published 24 May, 2011 12:00am
NBP medical camp treats 1,200 patients

NBP medical camp treats 1,200 patients

NBP organised medical relief camp for flood affected people at Government Zain Public High School Qasba Pir Adil, D.G Khan. Specialists and consultant doctors of gyne, neuro, child specialist, ear nose & throat and a general physician were present to atte
Published 24 May, 2011 12:00am
PTB chief's application for retirement accepted

PTB chief's application for retirement accepted

Chairman Pakistan Tobacco Board (PTB), Major (Retd) Sahibzada Muhammad Khalid's application for voluntarily retirement has been accepted, sources told Business Recorder on Monday. He was an officer of Grade-22 and serving in Peshawar as Chairman PT
Published 24 May, 2011 12:00am
Supreme Court moved against Ogra chief's appointment

Supreme Court moved against Ogra chief's appointment

A constitutional petition was filed in the apex court on Monday praying for declaring Oil and Gas Regulatory Authority (Ogra) chairman Tauqir Sadiq's appointment as illegal. A three-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice
Published 24 May, 2011 12:00am
Kuwait embassy clarification

Kuwait embassy clarification

The Embassy of Kuwait in Islamabad has confirmed to the Ministry of Foreign Affairs that the news item published in some Kuwaiti newspapers, claiming that entry visas and work permit visas for Pakistani nationals have been stopped, is baseless and incorre
Published 24 May, 2011 12:00am
Senate body meeting today

Senate body meeting today

Senate's Standing Committee on Interior will meet on Tuesday in the Parliament House here. Officials of Federal Investigation Authority will give a briefing to the committee regarding corruption/embezzlement cases and inquiries of PIA and SNGPL. Director
Published 24 May, 2011 12:00am
Another US operation inside Pakistan likely: PML-N

Another US operation inside Pakistan likely: PML-N

Pakistan may face another attack by the US forces similar to the May 2 raid in which American commandos flew into Abbottabad in helicopters and killing top al Qaeda leader Osama bin Laden. Pakistan Muslim League (Nawaz) leader Raja Zafarul Haq told Bus
Published 24 May, 2011 12:00am
Sambrial Duty Free Shops scam: details of accounts sought from SECP

Sambrial Duty Free Shops scam: details of accounts sought from SECP

The Federal Board of Revenue (FBR) has approached the Securities and Exchange Commission of Pakistan (SECP) to obtain the details of accounts of Duty Free Shops Limited (DFSL), Sambrial, Sialkot, to complete the investigation against the DFSs for alleged
Published 24 May, 2011 12:00am
Trilateral meeting in Kabul today

Trilateral meeting in Kabul today

On the invitation of Afghan Deputy Foreign Minister Javid Lodin, Foreign Secretary Salman Bashir is visiting Kabul for bilateral consultations and second senior officials' trilateral - Pakistan, Afghanistan and United States - meeting. The trilateral meet
Published 24 May, 2011 12:00am
PML-N terms attacks 'serious challenge for armed forces'

PML-N terms attacks 'serious challenge for armed forces'

Pakistan Muslim League-Nawaz (PML-N) has termed terrorists' May 22 attack on Pakistan Navel airbase in Karachi and May 02 US raid in Abbottabad as security lapse and a serious challenge for armed forces' chiefs, urging them to utilise intelligence agencie
Published 24 May, 2011 12:00am
FPSC announces results

FPSC announces results

The Federal Public Service Commission (FPSC)has announced the results of finally qualified candidates appeared in competitive examination 2010 for recruitment to the posts in PBS-17 under the Federal Government. The FPSC has also issued break-up of vacanc
Published 24 May, 2011 12:00am
Killing of Chechens: Supreme Court tells Balochistan CS to submit report

Killing of Chechens: Supreme Court tells Balochistan CS to submit report

The Supreme Court on Monday directed the Chief Secretary Balochistan to submit a comprehensive report on the killing of five Chechens in the province in two weeks. A three-member bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Muhammad
Published 24 May, 2011 12:00am
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