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Archive - 2011-05-27
Libya rejects G8, open only to AU
Top News

Libya rejects G8, open only to AU

TRIPOLI : The Libyan regime on Friday rejected calls from a summit of G8 world powers for strongman Moamer Qadhafi
Published 27 May, 2011 07:41pm
Gold unchanged at Rs42,171
Markets

Gold unchanged at Rs42,171

KARACHI : Gold remained unchanged at Rs42,171 per 10 grams in local bullion market Friday on thin activity, as its inter
Published 27 May, 2011 02:39pm
Apple's iPhone 4 finally comes to India
Top News

Apple's iPhone 4 finally comes to India

NEW DELHI : Apple's iPhone 4 made its debut in India on Friday, nearly a year after the updated model of the handset
Published 27 May, 2011 02:14pm
Gas tax rises steady: minister
Europe

Gas tax rises steady: minister

OGARYOVO: Finance Minister Alexei Kudrin said on Friday that the Russian government may increase mineral extraction tax
Published 27 May, 2011 01:44pm
Oil gains as dollar falls
Energy

Oil gains as dollar falls

LONDON : Oil rose on Friday as a softer dollar tempered demand worries triggered by euro zone debt concerns and weak U.
Published 27 May, 2011 01:26pm
US inflation accelerates
Top News

US inflation accelerates

WASHINGTON : U.S. consumer spending rose modestly in April, starting the second quarter on a soft note as high gasolin
Published 27 May, 2011 12:35pm
SBP to buy govt paper in reverse repo
Top News

SBP to buy govt paper in reverse repo

KARACHI : State Bank of Pakistan (SBP) said it would buy government paper from commercial banks on Friday in a seven-day
Published 27 May, 2011 12:28pm
Syrian forces fire on rally
Middle East

Syrian forces fire on rally

AMMAN : Syrian forces fired at protesters calling for the "overthrow of the regime" in an eastern city on Friday residen
Published 27 May, 2011 12:18pm
Seafood exports surge 28.64pc
Markets

Seafood exports surge 28.64pc

ISLAMABAD: Seafood exports from the country surged by 28.64 percent during the first ten months of the current fiscal ye
Published 27 May, 2011 10:49am
Hard to say no to IPL: Fleming
Cricket

Hard to say no to IPL: Fleming

CHENNAI: Former Kiwi captain Stephen Fleming has said players should not be blamed for wanting to play in the cash-ric
Published 27 May, 2011 07:59am
Obama nominates new defense, CIA chiefs
Top News

Obama nominates new defense, CIA chiefs

WASHINGTON: President Barack Obama on Thursday formally nominated Leon Panetta as his new secretary of defense and David
Published 27 May, 2011 07:06am
Oil higher on dollar weakness
Energy

Oil higher on dollar weakness

SINGAPORE: Oil was higher in Asian trade Friday as the US currency weakened against the euro, boosting investor appetite
Published 27 May, 2011 05:29am
Fire at Japanese nuclear plant
Asia

Fire at Japanese nuclear plant

TOKYO : A fire broke out on Friday at a nuclear power station near Japan 's stricken Fukushima Daiichi, the plant at th
Published 27 May, 2011 04:25am
Gold up at Rs42,428 per 10gms
Top News

Gold up at Rs42,428 per 10gms

KARACHI: Gold surged by Rs257 to Rs42,428 per 10 grams in local bullion market Saturday on thin activity, as its interna
Published 27 May, 2011 12:00am
Cabinet to decide IDBP's fate today

Cabinet to decide IDBP's fate today

The federal cabinet, which is scheduled to meet on Friday (today) with Prime Minister Syed Yousaf Raza Gilani in the chair will decide the fate of sick Industrial Development Bank of Pakistan (IDBP) as a high level committee has failed to identify those w
Published 27 May, 2011 12:00am
Cabinet to decide IDBP's fate today

Cabinet to decide IDBP's fate today

The federal cabinet, which is scheduled to meet on Friday (today) with Prime Minister Syed Yousaf Raza Gilani in the chair will decide the fate of sick Industrial Development Bank of Pakistan (IDBP) as a high level committee has failed to identify those w
Published 27 May, 2011 12:00am
Cabinet to decide IDBP''s fate today

Cabinet to decide IDBP''s fate today

The federal cabinet, which is scheduled to meet on Friday (today) with Prime Minister Syed Yousaf Raza Gilani in the chair will decide the fate of sick Industrial Development Bank of Pakistan (IDBP) as a high level committee has failed to identify those w
Published 27 May, 2011 12:00am
Ecnec approves 53 projects worth Rs 478 billion

Ecnec approves 53 projects worth Rs 478 billion

The Executive Committee of the National Economic Council (ECNEC) chaired by Finance Minister Dr Abdul Hafeez Shaikh on Thursday approved 53 projects, costing over Rs 478 billion, including the foreign exchange component of Rs 172 billion.
Published 27 May, 2011 12:00am
Ecnec approves 53 projects worth Rs 478 billion

Ecnec approves 53 projects worth Rs 478 billion

The Executive Committee of the National Economic Council (ECNEC) chaired by Finance Minister Dr Abdul Hafeez Shaikh on Thursday approved 53 projects, costing over Rs 478 billion, including the foreign exchange component of Rs 172 billion.
Published 27 May, 2011 12:00am
Ecnec approves 53 projects worth Rs 478 billion

Ecnec approves 53 projects worth Rs 478 billion

The Executive Committee of the National Economic Council (ECNEC) chaired by Finance Minister Dr Abdul Hafeez Shaikh on Thursday approved 53 projects, costing over Rs 478 billion, including the foreign exchange component of Rs 172 billion.
Published 27 May, 2011 12:00am
32 killed in Hangu blast

32 killed in Hangu blast

At least 32 people were killed and 60 others injured in a powerful car explosion near Hangu police station and the District Police Officer (DPO) office, here Thursday. Talking to media, Deputy Inspector General (DIG) Kohat Division, Masood Khan Afridi con
Published 27 May, 2011 12:00am
32 killed in Hangu blast

32 killed in Hangu blast

At least 32 people were killed and 60 others injured in a powerful car explosion near Hangu police station and the District Police Officer (DPO) office, here Thursday. Talking to media, Deputy Inspector General (DIG) Kohat Division, Masood Khan Afridi con
Published 27 May, 2011 12:00am
Inflation target: Planning Commission, MoF differ

Inflation target: Planning Commission, MoF differ

The Planning Commission and Ministry of Finance are in disagreement over 2011-12 inflation target, documents reveal. The Planning Commission has forecast an inflation of 13 percent while the pundits in the Ministry of Finance have set a target of 12 perce
Published 27 May, 2011 12:00am
Inflation target: Planning Commission, MoF differ

Inflation target: Planning Commission, MoF differ

The Planning Commission and Ministry of Finance are in disagreement over 2011-12 inflation target, documents reveal. The Planning Commission has forecast an inflation of 13 percent while the pundits in the Ministry of Finance have set a target of 12 perce
Published 27 May, 2011 12:00am
Inflation target: Planning Commission, MoF differ

Inflation target: Planning Commission, MoF differ

The Planning Commission and Ministry of Finance are in disagreement over 2011-12 inflation target, documents reveal. The Planning Commission has forecast an inflation of 13 percent while the pundits in the Ministry of Finance have set a target of 12 perce
Published 27 May, 2011 12:00am
Top war crimes suspect Mladic arrested

Top war crimes suspect Mladic arrested

Bosnian Serb wartime general Ratko Mladic was arrested in Serbia on Thursday after years on the run from international genocide charges, opening the way for the once-pariah state to approach the European mainstream. The general, accused of orchestrating t
Published 27 May, 2011 12:00am
Top war crimes suspect Mladic arrested

Top war crimes suspect Mladic arrested

Bosnian Serb wartime general Ratko Mladic was arrested in Serbia on Thursday after years on the run from international genocide charges, opening the way for the once-pariah state to approach the European mainstream. The general, accused of orchestrating t
Published 27 May, 2011 12:00am
Clinton due today

Clinton due today

US Secretary of State Hillary Clinton is arriving in Islamabad on an important visit today (Friday) to discuss bilateral ties and issues related to war on terror with top Pakistani leadership, as chairman of the US Joint Chiefs of Staff, Admiral Mike Mull
Published 27 May, 2011 12:00am
Clinton due today

Clinton due today

US Secretary of State Hillary Clinton is arriving in Islamabad on an important visit today (Friday) to discuss bilateral ties and issues related to war on terror with top Pakistani leadership, as chairman of the US Joint Chiefs of Staff, Admiral Mike Mull
Published 27 May, 2011 12:00am
US cutting back troops: Pentagon

US cutting back troops: Pentagon

The US military said Wednesday it has begun pulling out some American troops from Pakistan after Islamabad requested a smaller presence, amid tensions over a US raid against Osama bin Laden. "We were recently (within past 2 weeks) notified in writing that
Published 27 May, 2011 12:00am
US cutting back troops: Pentagon

US cutting back troops: Pentagon

The US military said Wednesday it has begun pulling out some American troops from Pakistan after Islamabad requested a smaller presence, amid tensions over a US raid against Osama bin Laden. "We were recently (within past 2 weeks) notified in writing that
Published 27 May, 2011 12:00am
US lawmakers push Obama to end Afghan war

US lawmakers push Obama to end Afghan war

War-weary US lawmakers pushed President Barack Obama to wind down the 10-year-old conflict in Afghanistan on Wednesday as the House of Representatives began debating a bill to authorise $690 billion in defence spending for the next fiscal year.
Published 27 May, 2011 12:00am
US lawmakers push Obama to end Afghan war

US lawmakers push Obama to end Afghan war

War-weary US lawmakers pushed President Barack Obama to wind down the 10-year-old conflict in Afghanistan on Wednesday as the House of Representatives began debating a bill to authorise $690 billion in defence spending for the next fiscal year.
Published 27 May, 2011 12:00am
NPLs hit record Rs 548 billion mark by calendar year 2010-end

NPLs hit record Rs 548 billion mark by calendar year 2010-end

Non-Performing Loans (NPLs) posted a phenomenal surge of over Rs 100 billion to hit an all-time high of Rs 548 billion by the end of last calendar year (CY10), posing new challenges and credit risks to the growing banking industry.
Published 27 May, 2011 12:00am
NPLs hit record Rs 548 billion mark by calendar year 2010-end

NPLs hit record Rs 548 billion mark by calendar year 2010-end

Non-Performing Loans (NPLs) posted a phenomenal surge of over Rs 100 billion to hit an all-time high of Rs 548 billion by the end of last calendar year (CY10), posing new challenges and credit risks to the growing banking industry.
Published 27 May, 2011 12:00am
NPLs hit record Rs 548 billion mark by calendar year 2010-end

NPLs hit record Rs 548 billion mark by calendar year 2010-end

Non-Performing Loans (NPLs) posted a phenomenal surge of over Rs 100 billion to hit an all-time high of Rs 548 billion by the end of last calendar year (CY10), posing new challenges and credit risks to the growing banking industry.
Published 27 May, 2011 12:00am
Index gains 30 points

Index gains 30 points

A bullish trend continued on the Karachi share market for the fourth consecutive day on the back of local investors and institutional support and the KSE-100 index gained 30.00 points to close at 12,198.12 points. Expectations regarding some supportive me
Published 27 May, 2011 12:00am
Index gains 30 points

Index gains 30 points

A bullish trend continued on the Karachi share market for the fourth consecutive day on the back of local investors and institutional support and the KSE-100 index gained 30.00 points to close at 12,198.12 points. Expectations regarding some supportive me
Published 27 May, 2011 12:00am
Index gains 30 points

Index gains 30 points

A bullish trend continued on the Karachi share market for the fourth consecutive day on the back of local investors and institutional support and the KSE-100 index gained 30.00 points to close at 12,198.12 points. Expectations regarding some supportive me
Published 27 May, 2011 12:00am
BRIndex30 up by 12.52 points

BRIndex30 up by 12.52 points

On Thursday, BRIndex30 opened at 8,825.60 and remained positive throughout the trading session. It touched an intraday high of 8,896.60 and an intraday low of 8,825.60 and closed at 8,838.12 which was 12.52 points or 0.14 percent higher than previous clos
Published 27 May, 2011 12:00am
BRIndex30 up by 12.52 points

BRIndex30 up by 12.52 points

On Thursday, BRIndex30 opened at 8,825.60 and remained positive throughout the trading session. It touched an intraday high of 8,896.60 and an intraday low of 8,825.60 and closed at 8,838.12 which was 12.52 points or 0.14 percent higher than previous clos
Published 27 May, 2011 12:00am
LSE index gains 30.71 points

LSE index gains 30.71 points

Equities on Thursday extended further gains amid improved trading turnover on the Lahore Stock Exchange (LSE) following fresh buying in selective scrips. The LSE-25 index was further improved by 30.71 points and was closed at 3300.33 points against 3269.6
Published 27 May, 2011 12:00am
LSE index gains 30.71 points

LSE index gains 30.71 points

Equities on Thursday extended further gains amid improved trading turnover on the Lahore Stock Exchange (LSE) following fresh buying in selective scrips. The LSE-25 index was further improved by 30.71 points and was closed at 3300.33 points against 3269.6
Published 27 May, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 27 May, 2011 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 7.64 points, as the Index moved from 2,754.25 to 2746.61 points.
Published 27 May, 2011 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 7.64 points, as the Index moved from 2,754.25 to 2746.61 points.
Published 27 May, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 27 May, 2011 12:00am
Transit trade: Pakistan agrees to accept Afghan banks' guarantee

Transit trade: Pakistan agrees to accept Afghan banks' guarantee

Pakistan has agreed to accept financial guarantee of Afghan Banks' duly endorsed by Pakistan's top insurance companies instead of international banks' guarantees as was originally stipulated in the Afghanistan Pakistan Transit Trade Agreement (APTTA).
Published 27 May, 2011 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 27 May, 2011 12:00am
Transit trade: Pakistan agrees to accept Afghan banks' guarantee

Transit trade: Pakistan agrees to accept Afghan banks' guarantee

Pakistan has agreed to accept financial guarantee of Afghan Banks' duly endorsed by Pakistan's top insurance companies instead of international banks' guarantees as was originally stipulated in the Afghanistan Pakistan Transit Trade Agreement (APTTA).
Published 27 May, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 May, 2011 12:00am
Transit trade: Pakistan agrees to accept Afghan banks'' guarantee

Transit trade: Pakistan agrees to accept Afghan banks'' guarantee

Pakistan has agreed to accept financial guarantee of Afghan Banks'' duly endorsed by Pakistan''s top insurance companies instead of international banks'' guarantees as was originally stipulated in the Afghanistan Pakistan Transit Trade Agreement (APTTA).
Published 27 May, 2011 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 27 May, 2011 12:00am
'Pakistan edges closer to EU duty waiver'

'Pakistan edges closer to EU duty waiver'

Pakistani textile makers edged closer on Thursday to boosting exports to Europe after one of its opponents withdrew its objections, the country's ambassador said on Thursday. But India, whose exporters compete with Pakistan for a share of the world's larg
Published 27 May, 2011 12:00am
'Pakistan edges closer to EU duty waiver'

'Pakistan edges closer to EU duty waiver'

Pakistani textile makers edged closer on Thursday to boosting exports to Europe after one of its opponents withdrew its objections, the country's ambassador said on Thursday. But India, whose exporters compete with Pakistan for a share of the world's larg
Published 27 May, 2011 12:00am
''Pakistan edges closer to EU duty waiver''

''Pakistan edges closer to EU duty waiver''

Pakistani textile makers edged closer on Thursday to boosting exports to Europe after one of its opponents withdrew its objections, the country''s ambassador said on Thursday. But India, whose exporters compete with Pakistan for a share of the world''s la
Published 27 May, 2011 12:00am
Notification

Notification

The Government has appointed Syed Iqbal Ashraf, Senior Executive Vice President, National Bank of Pakistan as Managing Director/Chief Executive Officer of PAIR Joint Investment Company Limited for a period of three years with immediate effect and until fu
Published 27 May, 2011 12:00am
Notification

Notification

The Government has appointed Syed Iqbal Ashraf, Senior Executive Vice President, National Bank of Pakistan as Managing Director/Chief Executive Officer of PAIR Joint Investment Company Limited for a period of three years with immediate effect and until fu
Published 27 May, 2011 12:00am
Notification

Notification

The Government has appointed Syed Iqbal Ashraf, Senior Executive Vice President, National Bank of Pakistan as Managing Director/Chief Executive Officer of PAIR Joint Investment Company Limited for a period of three years with immediate effect and until fu
Published 27 May, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (May 26, 2011).

Published 27 May, 2011 12:00am
Seven US troops killed in Afghanistan

Seven US troops killed in Afghanistan

Eight Nato service members were killed Thursday in Afghanistan, including seven US troops who died when a powerful bomb exploded in a field where they were patrolling on foot, officials said. Two Afghan policemen also died and two others were wounded in t
Published 27 May, 2011 12:00am
Seven US troops killed in Afghanistan

Seven US troops killed in Afghanistan

Eight Nato service members were killed Thursday in Afghanistan, including seven US troops who died when a powerful bomb exploded in a field where they were patrolling on foot, officials said. Two Afghan policemen also died and two others were wounded in t
Published 27 May, 2011 12:00am
Lockheed network suffers major disruption

Lockheed network suffers major disruption

Lockheed Martin Corp, the Pentagon's No 1 supplier, is experiencing a major disruption to its computer systems that could be related to a problem with network security, two sources familiar with the issue said on Thursday. Lockheed, the biggest provider o
Published 27 May, 2011 12:00am
Lockheed network suffers major disruption

Lockheed network suffers major disruption

Lockheed Martin Corp, the Pentagon's No 1 supplier, is experiencing a major disruption to its computer systems that could be related to a problem with network security, two sources familiar with the issue said on Thursday. Lockheed, the biggest provider o
Published 27 May, 2011 12:00am
Lockheed network suffers major disruption

Lockheed network suffers major disruption

Lockheed Martin Corp, the Pentagon''s No 1 supplier, is experiencing a major disruption to its computer systems that could be related to a problem with network security, two sources familiar with the issue said on Thursday. Lockheed, the biggest provider
Published 27 May, 2011 12:00am
Pakistan's foreign exchange reserves rise to $17.066 billion

Pakistan's foreign exchange reserves rise to $17.066 billion

The country's foreign exchange reserves rose by $99 million to $17.066 billion in the week ending May 21, from $16.967 billion a week earlier. According to latest statistics reserves held by the State Bank of Pakistan (SBP) surged by $113 million to $13.6
Published 27 May, 2011 12:00am
Measures being taken to enhance power generation capacity: Gilani

Measures being taken to enhance power generation capacity: Gilani

Prime Minister Syed Yousuf Raza Gilani said the government is taking all possible measures to enhance the capacity of national grid as well as increase the power generation. The effective policies of the government, he added, have helped reduce the energy
Published 27 May, 2011 12:00am
THE RUPEE: all-round falls

THE RUPEE: all-round falls

All-round declines were seen on the currency market on Thursday as the rupee failed to retain its firmness against dollar and euro, experts said. The rupee drifted lower versus dollar, shedding 16 paisa for buying at 85.80 and losing 17 paisa for selling
Published 27 May, 2011 12:00am
Shocking embezzlement in Karachi University

Shocking embezzlement in Karachi University

Misappropriation of millions of rupees with the connivance of the administration of Karachi University has been disclosed due to obvious irregularities in the construction work of a double-storey building for biotechnology department of the university, <i
Published 27 May, 2011 12:00am
THE RUPEE: all-round falls

THE RUPEE: all-round falls

All-round declines were seen on the currency market on Thursday as the rupee failed to retain its firmness against dollar and euro, experts said. The rupee drifted lower versus dollar, shedding 16 paisa for buying at 85.80 and losing 17 paisa for selling
Published 27 May, 2011 12:00am
PHC Chief Justice transfers 15 judicial officers

PHC Chief Justice transfers 15 judicial officers

The Chief Justice, Peshawar High Court (PHC), Justice Ejaz Afzal Khan on Thursday posted and transferred 15 judicial officers in the interest of public service with immediate effect. Shah Jehan Khan, District and Sessions Judge (D&SJ)/Zilla Qazi Swat has
Published 27 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 26, 2011).

Published 27 May, 2011 12:00am
US trial on Mumbai attacks hears of Pakistan contacts

US trial on Mumbai attacks hears of Pakistan contacts

An American who scouted targets for the 2008 Pakistani militant raid on Mumbai testified on Wednesday about conversations he had with a Chicago businessman accused of helping the attackers and a retired Pakistani military officer. David Headley took the s
Published 27 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 26, 2011).

Published 27 May, 2011 12:00am
AJK polls: MQM candidates file nominations papers

AJK polls: MQM candidates file nominations papers

The candidates representing Muttahida Qaumi Movement (MQM), have filed nominations to contest the polls to be held on June 26, to elect the legislative assembly of Azad Kashmir. According to statement issued by MQM here on Thursday, MQM-backed candidates
Published 27 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 Thursday (May 26, 2011).

Published 27 May, 2011 12:00am
Militants target check post in North Waziristan

Militants target check post in North Waziristan

Pakistani Taliban fired a mortar bomb at a military check post in the North Waziristan on Thursday but there were no casualties, intelligence officials said. "It missed the post and we have no reports of any casualties," an intelligence official in the re
Published 27 May, 2011 12:00am
Rubber scrap: Cement makers demand abolition of customs duty

Rubber scrap: Cement makers demand abolition of customs duty

Cement manufacturers have strongly impressed upon the Ministry of Finance to waive off import duties on shredded rubber scrap to save a huge amount of $45 million annually in the country's import bill. Cement manufacturers can substitute coal by rubber sc
Published 27 May, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (May 26, 2011).

Published 27 May, 2011 12:00am
Call to reduce FED on brokerage commission

Call to reduce FED on brokerage commission

The Federal Excise Duty (FED) levied on the brokerage commission (currently 16 percent) should be reduced as it has increased the cost of trading for investors, which will enhance trading volume, besides developing the confidence of investors. The expirat
Published 27 May, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (May 26, 2011) and for Friday (May 27, 2011).
Published 27 May, 2011 12:00am
Paapam voices concern over TDAP's attitude

Paapam voices concern over TDAP's attitude

Chairman Amir Allawallah and Vice Chairman Nabeel Hashmi Pakistan Association of Automotive Parts & Accessories Manufacturers (Paapam) has expressed sadness over the treatment being vetted out to the auto parts industry by Trade Development Authority of P
Published 27 May, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (May 26, 2011).

Published 27 May, 2011 12:00am
Mashood for imparting education in war-hit areas

Mashood for imparting education in war-hit areas

Punjab Assembly Deputy Speaker, Rana Mashood here on Thursday speaking at a ceremony to distribute Income Support cards amongst 120 deserving children stated that it is mandatory to spread quality education in the country. He said it is necessary to curb
Published 27 May, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 27 May, 2011 12:00am
Punjab Governor inaugurates exhibition

Punjab Governor inaugurates exhibition

Punjab Governor Sardar Latif Khosa has inaugurated exhibition aimed at highlighting the achievement made by scientists and scholars from various universities. The Higher Education Commission arranged the event in which 23 universities were present, while
Published 27 May, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 27 May, 2011 12:00am
PIAF flays government over power, gas tariff raise

PIAF flays government over power, gas tariff raise

Pakistan Industrial & Traders Associations Front (PIAF) has strongly criticised increase in the electricity and gas tariff and urged the government to withdraw the decision, otherwise, it would prove last straw on camel's back.
Published 27 May, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (May 26, 2011).

Published 27 May, 2011 12:00am
Need stressed to counter dropout trend in education

Need stressed to counter dropout trend in education

Speakers emphasised the need for taking steps to counter dropout trend in educational institutes and to pay special focus on education in children and youth. There are 70 million people across the country, who are either under the age of 17 or have droppe
Published 27 May, 2011 12:00am
The Weather

The Weather

The weather report on Thursday (May 26, 2011) and the forecast for Friday (May 27, 2011).

Published 27 May, 2011 12:00am
HEC organises exhibition

HEC organises exhibition

An exhibition aimed at highlighting the achievement made by scientists and scholars from various universities was inaugurated by Punjab Governor Sardar Latif Khosa. The Higher Education Commission (HEC) arranged the event in which 23 universities were pre
Published 27 May, 2011 12:00am
Australia to help Pakistan overcome challenges: HC

Australia to help Pakistan overcome challenges: HC

The Australian High Commissioner Tim George has said that Australia has a long-term commitment with Pakistan and is ready to play a proactive role so that Pakistan could be able to overcome the challenges being faced by it. He, however, made it clear that
Published 27 May, 2011 12:00am
Export of surgical goods increases

Export of surgical goods increases

The export of surgical goods showed an upward trend, as surgical goods worth $18.19 million were exported from July 2010 to March 2011. According to statistics made available with Business Recorder, export of surgical goods registered an increase of 2.66
Published 27 May, 2011 12:00am
Hot, dry weather likely today

Hot, dry weather likely today

Pakistan Meteorological Department on Thursday forecasted hot and dry weather for major part of the country; however scattered dust thunderstorm/rain with isolated heavy falls may occur. According to the met office, the prevailing weather pattern is due t
Published 27 May, 2011 12:00am
Homeless people: PRCS seek donations to build houses

Homeless people: PRCS seek donations to build houses

Pakistan Red Crescent Society (PRCS) has made an appeal to the nation to deposit money in the account number of the PRCS so that Hilal-e-Ahmar could build more houses for homeless people.
Published 27 May, 2011 12:00am
'US, UK resolve a challenge for Pakistan'

'US, UK resolve a challenge for Pakistan'

Jamaat-e-Islami (JI) Chief, Syed Munawar Hasan has said the US President Obama and British Prime Minster Cameron's resolve to wipe out terrorism from this region and check nuclear proliferation was an open challenge for Pakistan.
Published 27 May, 2011 12:00am
'Promotion of education our top priority'

'Promotion of education our top priority'

Punjab Chief Minister Muhammad Shahbaz Sharif has said that the Punjab government made a substantial increase in the funds allocated for education sector in the last fiscal year and more funds would be earmarked for that sector in the next budget.
Published 27 May, 2011 12:00am
Pakistan-Australia Business Forum website launched

Pakistan-Australia Business Forum website launched

Australia's High Commissioner to Pakistan, Tim George and Australia's Senior Trade Commissioner to South Asia, Peter Linford hosted a function to launch the website of Pakistan-Australia Business Forum at Pearl Continental Hotel, here on Thursday.The High
Published 27 May, 2011 12:00am
War on terror: Gilani urges world community to be supportive

War on terror: Gilani urges world community to be supportive

Prime Minister, Syed Yusuf Raza Gilani on Thursday said Pakistan is diligently pursuing war against terrorism and urged international community for lending more support in its efforts. "Pakistan has hugely paid in terms of casualties and economy. We are f
Published 27 May, 2011 12:00am
Chairman Aptma condoles Hakim Ali Zardari's demise

Chairman Aptma condoles Hakim Ali Zardari's demise

Chairman All Pakistan Textile Mills Association (Aptma), Gohar Ejaz has conveyed deep sorrow and grief to President Asif Ali Zardari on the sad demise of his noble and respected father and extended heartfelt condolences on behalf of Aptma.
Published 27 May, 2011 12:00am
Provinces agree to review agriculture tax laws

Provinces agree to review agriculture tax laws

All four provinces have principally agreed to review their existing agriculture income tax laws for introducing legislation for enforcement and effective collection of agricultural income tax at provincial level.
Published 27 May, 2011 12:00am
Inside help suspected in PNS Mehran base attack

Inside help suspected in PNS Mehran base attack

Security officials said Thursday they doubted a 17-hour Taliban siege on a strategic naval air base could have been possible without some kind of inside help. "The investigation team will question all those who were present at the time of the attack," a s
Published 27 May, 2011 12:00am
Senate body not satisfied with ministry's Hajj arrangements

Senate body not satisfied with ministry's Hajj arrangements

The Senate standing committee has expressed displeasure over the arrangements made for the accommodation of intending Hajj pilgrims in Makkah by the religious affairs ministry. Last year, the ministry was exposed for making desired arrangements for the pi
Published 27 May, 2011 12:00am
Nawaz demands formation of independent commission

Nawaz demands formation of independent commission

Pakistan Muslim League (PML-N) chief Nawaz Sharif on Thursday demanded formation of an independent commission to probe into terror attack on PNS Mehran. Talking to reporters at Benzair International Airport, he said the government does not seem serious to
Published 27 May, 2011 12:00am
FDI strategy to be given legal cover

FDI strategy to be given legal cover

The Board of Investment (BoI) has chalked out a comprehensive strategy for providing legal cover to promote the objectives of the Foreign Investment Strategy which will help boost Foreign Direct Investment (FDI) in FY12. Under the plan, the draft of Speci
Published 27 May, 2011 12:00am
Two percent ST on ghee supply chain likely

Two percent ST on ghee supply chain likely

The Federal Board of Revenue has suggested introduction of sales tax at the rate of 2 percent on the value of supply being made by the wholesalers of vegetable oil and ghee with no facility of input tax adjustment from 2011-12. It is learnt here on Thursd
Published 27 May, 2011 12:00am
Government pursuing policy of reconciliation, says Gilani

Government pursuing policy of reconciliation, says Gilani

Prime Minister Syed Yousuf Raza Gilani on Thursday said the government is pursuing the policy of reconciliation and respects public mandate of all the political parties. He stressed upon the need of meaningful engagement between federal government and pro
Published 27 May, 2011 12:00am
CIA to search bin Laden compound: report

CIA to search bin Laden compound: report

Pakistan has agreed to permit the CIA to send in a forensic team to search Osama bin Laden's compound, the Washington Post reported Thursday, citing US officials. The CIA team will arrive at the compound in Abbottabad within days to thoroughly search the
Published 27 May, 2011 12:00am
Five killed as jeep falls into ravine

Five killed as jeep falls into ravine

Five persons were killed when a jeep fell into a deep ravine near Kargah on Thursday. District administration spokesman Shahid Ali told APP that the jeep was on its way from Kargah to Gilgit when the driver lost control of the vehicle while taking a sharp
Published 27 May, 2011 12:00am
Supreme Court questions legal grounds of loans written off by ZTBL

Supreme Court questions legal grounds of loans written off by ZTBL

Chief Justice of Pakistan Iftikhar Muhammad Chaudhry on Thursday observed that Zarai Taraqiati Bank Limited (ZTBL) had written off billions of rupees loans without taking into account the legal implications, as Circular 29 of State Bank of Pakistan (SBP)
Published 27 May, 2011 12:00am
DG NAB Punjab-Rawalpindi barred from holding office

DG NAB Punjab-Rawalpindi barred from holding office

A division bench of the Lahore High Court (LHC) here on Thursday restrained Director General NAB Punjab-Rawalpindi Rana Zahid Mehmood from holding the office after expiry of his contract. The division bench passed this order after federal law ministry in
Published 27 May, 2011 12:00am
Pakistan seeks proposals to import 500 million cfd LNG

Pakistan seeks proposals to import 500 million cfd LNG

Pakistan has invited expressions of interests from foreign and domestic companies for the supply of 500 million cubic feet per day (cfd) of liquefied natural gas (LNG) for up to 10 years to feed its crumbling power sector, officials said on Thursday. The
Published 27 May, 2011 12:00am
Pakistan likely to meet its debt service obligation

Pakistan likely to meet its debt service obligation

Pakistan should be able to meet its debt service obligations even if the $3.2 billion from the stalled Stand By Arrangement (SBA) of the International Monetary Fund (IMF) is not disbursed during the forthcoming fiscal year, well-placed sources told Bus
Published 27 May, 2011 12:00am
Proposal to change name of PITHM to ZABITHM

Proposal to change name of PITHM to ZABITHM

Sindh Tourism Department has proposed the name of Pakistan Institute of Tourism & Hotel Management (PITHM) as the Zulifqar Ali Bhutto Shaheed Institute of Tourism & Hotel Management (ZABITHM). The committee is working on the draft of law in this regard wh
Published 27 May, 2011 12:00am
Chief ministers, UAE delegation condole with Zardari

Chief ministers, UAE delegation condole with Zardari

Chief Minister Gilgit Baltistan Syed Mehdi Shah, Chief Minister Baluchistan Nawab Aslam Raisani, Chief Minister Sindh Syed Qaim Ali Shah and Federal Minister for Railways Ghulam Ahmed Bilour visited Zardari House to offer condolence to President Asif Ali
Published 27 May, 2011 12:00am
10,831 new tuberculosis cases reported in February 2011

10,831 new tuberculosis cases reported in February 2011

As many as 10,831 new cases of tuberculosis reported at state-run healthcare facilities in 35 districts across Pakistan during February 2011 is a cause of serious concern for the government particularly in the Punjab province that accounted for 86 percent
Published 27 May, 2011 12:00am
Musharraf says ISI 'not complicit' in hiding Osama

Musharraf says ISI 'not complicit' in hiding Osama

Former President General Pervez Musharraf (Retd) categorically denied the ISI - at any level - knew the al Qaeda leader Osama Bin Laden was living in Pakistan. He told BBC Newsnight that it was "very difficult to prove non-complicity" between the ISI and
Published 27 May, 2011 12:00am
Khushhalibank among biggest microfinance entities

Khushhalibank among biggest microfinance entities

To map the differences in the landscape for microfinance globally, the Micro-credit Summit Campaign (MSC) has launched a status report that addresses the latest issues faced by the industry and the micro-credit facilities on offer throughout the region.
Published 27 May, 2011 12:00am
NESPAK directed to inspect dykes' rehabilitation

NESPAK directed to inspect dykes' rehabilitation

Sindh Chief Minister, Syed Qaim Ali Shah directed the NESPAK to inspect dykes rehabilitation completed by contractors of the irrigation department during last year's heavy floods, reliable sources at Chief Minister's House told Business Recorder on
Published 27 May, 2011 12:00am
Exports to Germany increased by 23 percent

Exports to Germany increased by 23 percent

President Pakistan German Business Forum, Saifuddin N. Zoomkawala while presenting the annual report of PGBF in the second Annual General Meeting, held here on Wednesday, mentioned the activities of the forum to the members.
Published 27 May, 2011 12:00am
Energy conservation bill to discourage inefficient appliances

Energy conservation bill to discourage inefficient appliances

The Energy Conservation Bill, which is tabled in the National Assembly, will make the manufacturing and use of inefficient electrical appliances, equipments and machinery as a "cognisable offence", said former Minister for Environment and Chairman Intelle
Published 27 May, 2011 12:00am
Two more die in Quetta doctors' strike

Two more die in Quetta doctors' strike

Two more patients including a child have died at Civil Hospital Quetta on Thursday due to young doctors' strike continued on 50th consecutive day. Talking to APP, Medical Superintendent Civil Hospital Quetta Dr Nabi Bakhsh Bugti told that one victim patie
Published 27 May, 2011 12:00am
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