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Archive - 2011-05-31
Bryson selects as Commerce secretary
Top News

Bryson selects as Commerce secretary

WASHINGTON : President Barack Obama will name former Edison International chief executive John Bryson on Tuesday to be t
Published 31 May, 2011 04:05pm
EU dragging global food security
Europe

EU dragging global food security

BRUSSELS : The European Union must do more to avert a global food crisis, for example by scrapping its bio-fuel target a
Published 31 May, 2011 03:27pm
Euro gains against US dollar
Financial

Euro gains against US dollar

NEW YORK : The euro took a hit against the U.S. dollar on Tuesday after a German Parliament member told business newspap
Published 31 May, 2011 02:58pm
Gold holds four weeks high
Commodities

Gold holds four weeks high

LONDON : Gold steadied around its highest in nearly four weeks on Tuesday, but surrendered earlier gains after a report
Published 31 May, 2011 02:06pm
Gold up at Rs42,471
Markets

Gold up at Rs42,471

KARACHI: Gold surged by Rs43 to Rs42,471 per 10 grams in local bullion market Tuesday, as its international price also i
Published 31 May, 2011 12:35pm
Nokia warns to drop targets
Financial

Nokia warns to drop targets

STOCKHOLM : Nokia the world's biggest phone maker by volume warned on Tuesday that sales and margins would fall well bel
Published 31 May, 2011 12:28pm
Troika agrees to cut Greek VAT
Europe

Troika agrees to cut Greek VAT

BERLIN: The "troika" team reviewing Greece's progress in meeting fiscal targets has agreed to a a cut in value-added tax
Published 31 May, 2011 12:19pm
Oaktree to float Stock Spirits in June
Top News

Oaktree to float Stock Spirits in June

WARSAW : U.S. private equity Oaktree Capital will float Stock Spirits, one of central Europe 's biggest alcohol maker
Published 31 May, 2011 12:09pm
LinkedIn opens Asia office in Singapore
Top News

LinkedIn opens Asia office in Singapore

SINGAPORE : Professional networking platform LinkedIn on Tuesday opened its regional headquarters in Singapore and plans
Published 31 May, 2011 09:38am
Colombia detains 37 in gang bust
World

Colombia detains 37 in gang bust

BOGOTA : Colombian prosecutors said they have arrested 37 members of a gang of drug traffickers and hitmen, including me
Published 31 May, 2011 07:06am
Merkel in India to press trade links
Top News

Merkel in India to press trade links

NEW DELHI : German Chancellor Angela Merkel led a large delegation of ministers and businessmen to India on Tuesday, see
Published 31 May, 2011 06:27am
Oil up in Asia as dollar slips
Energy

Oil up in Asia as dollar slips

SINGAPORE: Oil rose in Asian trade Tuesday as a weakened dollar spurred investor interest in dollar-priced commodities i
Published 31 May, 2011 04:37am
Rs18047.541mn allocated for Kashmir, GB
Top News

Rs18047.541mn allocated for Kashmir, GB

ISLAMABAD: The government in the Public Sector Development Programme (PSDP) 2011-12 has earmarked Rs18047.541 million wi
Published 31 May, 2011 12:00am
Cement: bracing up for FY12
BR Research

Cement: bracing up for FY12

FY11 has been quite a test for the cement sector of the country, thanks, particularly, to the floods that inundated a large area of the coun
Published 31 May, 2011 12:00am
US embassy denies Nato raid in North Waziristan

US embassy denies Nato raid in North Waziristan

US Embassy in Islamabad and ISAF categorically denied any cross border raid by Nato forces, as it was reported that Nato forces intruded into Pakistan on Monday to conduct operation against Pakistani Taliban leaders. As per the reports, two Nato choppers
Published 31 May, 2011 12:00am
US embassy denies Nato raid in North Waziristan

US embassy denies Nato raid in North Waziristan

US Embassy in Islamabad and ISAF categorically denied any cross border raid by Nato forces, as it was reported that Nato forces intruded into Pakistan on Monday to conduct operation against Pakistani Taliban leaders. As per the reports, two Nato choppers
Published 31 May, 2011 12:00am
APTTA final round talks: Pakistani team leaves for Kabul today

APTTA final round talks: Pakistani team leaves for Kabul today

A Pakistani delegation, led by Commerce Secretary Zafar Mahmood will leave for Kabul on Tuesday (today) to hold the final round of talks with Afghanistan on the long-awaited Pakistan-Afghanistan Transit Trade Agreement (APTTA) despite the fact that the Pr
Published 31 May, 2011 12:00am
APTTA final round talks: Pakistani team leaves for Kabul today

APTTA final round talks: Pakistani team leaves for Kabul today

A Pakistani delegation, led by Commerce Secretary Zafar Mahmood will leave for Kabul on Tuesday (today) to hold the final round of talks with Afghanistan on the long-awaited Pakistan-Afghanistan Transit Trade Agreement (APTTA) despite the fact that the Pr
Published 31 May, 2011 12:00am
APTTA final round talks: Pakistani team leaves for Kabul today

APTTA final round talks: Pakistani team leaves for Kabul today

A Pakistani delegation, led by Commerce Secretary Zafar Mahmood will leave for Kabul on Tuesday (today) to hold the final round of talks with Afghanistan on the long-awaited Pakistan-Afghanistan Transit Trade Agreement (APTTA) despite the fact that the Pr
Published 31 May, 2011 12:00am
Mehran airbase attack: former navy commando, brother detained

Mehran airbase attack: former navy commando, brother detained

Security officials have detained a former navy commando and his brother in connection with last week's militant attack on a naval airbase, intelligence officials and relatives said on Monday. Kamran Ahmed, who was sacked from the navy about 10 years ago,
Published 31 May, 2011 12:00am
Mehran airbase attack: former navy commando, brother detained

Mehran airbase attack: former navy commando, brother detained

Security officials have detained a former navy commando and his brother in connection with last week's militant attack on a naval airbase, intelligence officials and relatives said on Monday. Kamran Ahmed, who was sacked from the navy about 10 years ago,
Published 31 May, 2011 12:00am
P3C Orion main target of terrorists: PN official

P3C Orion main target of terrorists: PN official

The P3C Orion surveillance aircraft of Pakistan Navy were the prime targets of the terrorists who attacked the PN Mehran airbase on May 22. This was stated by a top official of Pakistan Navy while briefing a select group of news persons here Monday at Meh
Published 31 May, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 31 May, 2011 12:00am
P3C Orion main target of terrorists: PN official

P3C Orion main target of terrorists: PN official

The P3C Orion surveillance aircraft of Pakistan Navy were the prime targets of the terrorists who attacked the PN Mehran airbase on May 22. This was stated by a top official of Pakistan Navy while briefing a select group of news persons here Monday at Meh
Published 31 May, 2011 12:00am
Zuma, Qadhafi meet as defections mount

Zuma, Qadhafi meet as defections mount

South African President Jacob Zuma met Libyan leader Moammer Qadhafi for truce talks on Monday as Nato said the strongman's "reign of terror" was nearing its end and top military officers deserted him. State news agency JANA said Zuma left the capital aft
Published 31 May, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 31 May, 2011 12:00am
Zuma, Qadhafi meet as defections mount

Zuma, Qadhafi meet as defections mount

South African President Jacob Zuma met Libyan leader Moammer Qadhafi for truce talks on Monday as Nato said the strongman's "reign of terror" was nearing its end and top military officers deserted him. State news agency JANA said Zuma left the capital aft
Published 31 May, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 May, 2011 12:00am
Finance Act 2011: tax officials may confiscate all excisable goods

Finance Act 2011: tax officials may confiscate all excisable goods

Finance Act 2011 would empower the officials of Inland Revenue to seize all excisable goods including cigarettes and beverages under section 26 of the Federal Excise Act, 2005. Sources told Business Recorder here on Monday that presently, the count
Published 31 May, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 May, 2011 12:00am
Finance Act 2011: tax officials may confiscate all excisable goods

Finance Act 2011: tax officials may confiscate all excisable goods

Finance Act 2011 would empower the officials of Inland Revenue to seize all excisable goods including cigarettes and beverages under section 26 of the Federal Excise Act, 2005. Sources told Business Recorder here on Monday that presently, the count
Published 31 May, 2011 12:00am
Presentation

Presentation

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

Published 31 May, 2011 12:00am
Finance Act 2011: tax officials may confiscate all excisable goods

Finance Act 2011: tax officials may confiscate all excisable goods

Finance Act 2011 would empower the officials of Inland Revenue to seize all excisable goods including cigarettes and beverages under section 26 of the Federal Excise Act, 2005. Sources told Business Recorder here on Monday that presently, the count
Published 31 May, 2011 12:00am
PSMC to hire Canadian law firm for coal ship release

PSMC to hire Canadian law firm for coal ship release

Pakistan Steel has decided to hire a Canadian legal firm for legal proceedings against Indian firm for release of coal loaded ship detained at Canadian port for past 15 days. Sources told Business Recorder on Monday that the Board of Directors of P
Published 31 May, 2011 12:00am
PSMC to hire Canadian law firm for coal ship release

PSMC to hire Canadian law firm for coal ship release

Pakistan Steel has decided to hire a Canadian legal firm for legal proceedings against Indian firm for release of coal loaded ship detained at Canadian port for past 15 days. Sources told Business Recorder on Monday that the Board of Directors of P
Published 31 May, 2011 12:00am
PSMC to hire Canadian law firm for coal ship release

PSMC to hire Canadian law firm for coal ship release

Pakistan Steel has decided to hire a Canadian legal firm for legal proceedings against Indian firm for release of coal loaded ship detained at Canadian port for past 15 days. Sources told Business Recorder on Monday that the Board of Directors of P
Published 31 May, 2011 12:00am
THE RUPEE: mixed trend

THE RUPEE: mixed trend

The rupee rates moved both ways on the currency market on Monday in process of high demand of dollars by importers, money experts said. The rupee retrieved its some losses versus dollar, gaining four paisa for buying and selling at 85.76 and 85.81, they s
Published 31 May, 2011 12:00am
FIFA hit by 'bought' World Cup claim

FIFA hit by 'bought' World Cup claim

Accusations that Qatar bought the right to stage the 2022 World Cup deepened the corruption crisis at the heart of FIFA on Monday just as an apparently unscathed Sepp Blatter prepared to claim another term as president. World soccer's governing body has b
Published 31 May, 2011 12:00am
THE RUPEE: mixed trend

THE RUPEE: mixed trend

The rupee rates moved both ways on the currency market on Monday in process of high demand of dollars by importers, money experts said. The rupee retrieved its some losses versus dollar, gaining four paisa for buying and selling at 85.76 and 85.81, they s
Published 31 May, 2011 12:00am
FIFA hit by 'bought' World Cup claim

FIFA hit by 'bought' World Cup claim

Accusations that Qatar bought the right to stage the 2022 World Cup deepened the corruption crisis at the heart of FIFA on Monday just as an apparently unscathed Sepp Blatter prepared to claim another term as president. World soccer's governing body has b
Published 31 May, 2011 12:00am
Pakistan and India meet on glacier dispute

Pakistan and India meet on glacier dispute

Top defence officials from India and Pakistan kicked off talks on Monday to discuss a disputed Himalayan glacier that brought the neighbours to the brink of war in 1984. The two-day meeting in New Delhi between Indian Defence Secretary Pradeep Kumar and h
Published 31 May, 2011 12:00am
Pakistan and India meet on glacier dispute

Pakistan and India meet on glacier dispute

Top defence officials from India and Pakistan kicked off talks on Monday to discuss a disputed Himalayan glacier that brought the neighbours to the brink of war in 1984. The two-day meeting in New Delhi between Indian Defence Secretary Pradeep Kumar and h
Published 31 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 30, 2011).

Published 31 May, 2011 12:00am
Audit report 2010-11: massive irregularities in FBR

Audit report 2010-11: massive irregularities in FBR

The Auditor General of Pakistan (AGP) has detected embezzlements, irregularities, loss and mismanagement of more than Rs 316.65 billion in collections of direct and indirect taxes by the Federal Board of Revenue (FBR). This includes the Rs 109.74 billion
Published 31 May, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 30, 2011).

Published 31 May, 2011 12:00am
Audit report 2010-11: massive irregularities in FBR

Audit report 2010-11: massive irregularities in FBR

The Auditor General of Pakistan (AGP) has detected embezzlements, irregularities, loss and mismanagement of more than Rs 316.65 billion in collections of direct and indirect taxes by the Federal Board of Revenue (FBR). This includes the Rs 109.74 billion
Published 31 May, 2011 12:00am
Audit report 2010-11: massive irregularities in FBR

Audit report 2010-11: massive irregularities in FBR

The Auditor General of Pakistan (AGP) has detected embezzlements, irregularities, loss and mismanagement of more than Rs 316.65 billion in collections of direct and indirect taxes by the Federal Board of Revenue (FBR). This includes the Rs 109.74 billion
Published 31 May, 2011 12:00am
Commercial consumers: power utilities may be asked to obtain NTNs

Commercial consumers: power utilities may be asked to obtain NTNs

The Federal Board of Revenue (FBR) is planning to make it mandatory for all power utilities to obtain National Tax Numbers (NTNs) from all the commercial consumers. According to sources, the revenue body is contemplating making it obligatory for Wapda, KE
Published 31 May, 2011 12:00am
Commercial consumers: power utilities may be asked to obtain NTNs

Commercial consumers: power utilities may be asked to obtain NTNs

The Federal Board of Revenue (FBR) is planning to make it mandatory for all power utilities to obtain National Tax Numbers (NTNs) from all the commercial consumers. According to sources, the revenue body is contemplating making it obligatory for Wapda, KE
Published 31 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 21TH MAY, 2011.

Published 31 May, 2011 12:00am
Commercial consumers: power utilities may be asked to obtain NTNs

Commercial consumers: power utilities may be asked to obtain NTNs

The Federal Board of Revenue (FBR) is planning to make it mandatory for all power utilities to obtain National Tax Numbers (NTNs) from all the commercial consumers. According to sources, the revenue body is contemplating making it obligatory for Wapda, KE
Published 31 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 21TH MAY, 2011.

Published 31 May, 2011 12:00am
KSE index sheds 29.93 points

KSE index sheds 29.93 points

The investors at share market on Monday opted cautious stance and preferred to book profits which forced the KSE-100 index to close in negative at 12,195.59 points, down 29.93 points. The market opened on a positive note and the index hit 12,268.59 points
Published 31 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 30, 2011).

Published 31 May, 2011 12:00am
KSE index sheds 29.93 points

KSE index sheds 29.93 points

The investors at share market on Monday opted cautious stance and preferred to book profits which forced the KSE-100 index to close in negative at 12,195.59 points, down 29.93 points. The market opened on a positive note and the index hit 12,268.59 points
Published 31 May, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 28, 2011).

Published 31 May, 2011 12:00am
KSE index sheds 29.93 points

KSE index sheds 29.93 points

The investors at share market on Monday opted cautious stance and preferred to book profits which forced the KSE-100 index to close in negative at 12,195.59 points, down 29.93 points. The market opened on a positive note and the index hit 12,268.59 points
Published 31 May, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 28, 2011).

Published 31 May, 2011 12:00am
BRIndex30 down 19.43 points

BRIndex30 down 19.43 points

On Monday, the BRIndex30 opened at 8,855.07 points. It touched the intra-day high of 8,904.57 points and low of 8,832.28 points and closed at 8,835.64 points with a net negative change of -19.43 points, or -0.22 percent lower than previous close.
Published 31 May, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 28, 2011).

Published 31 May, 2011 12:00am
BRIndex30 down 19.43 points

BRIndex30 down 19.43 points

On Monday, the BRIndex30 opened at 8,855.07 points. It touched the intra-day high of 8,904.57 points and low of 8,832.28 points and closed at 8,835.64 points with a net negative change of -19.43 points, or -0.22 percent lower than previous close.
Published 31 May, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 28, 2011).

Published 31 May, 2011 12:00am
LSE loses 14.42 points

LSE loses 14.42 points

Bearish sentiment dominated on the Lahore Stock Exchange on Monday and the equities registered declines amid increased trading turnover due to selling pressure. The LSE-25 index lost 14.42 points and closed at 3298.58 points against 3313.00 points of last
Published 31 May, 2011 12:00am
LSE loses 14.42 points

LSE loses 14.42 points

Bearish sentiment dominated on the Lahore Stock Exchange on Monday and the equities registered declines amid increased trading turnover due to selling pressure. The LSE-25 index lost 14.42 points and closed at 3298.58 points against 3313.00 points of last
Published 31 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 Saturday (May 28, 2011).

Published 31 May, 2011 12:00am
ISE index down 3.54 points

ISE index down 3.54 points

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 3.54 points as the ISE Ten Index moved from 2,750.55 to 2747.01 po
Published 31 May, 2011 12:00am
ISE index down 3.54 points

ISE index down 3.54 points

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 3.54 points as the ISE Ten Index moved from 2,750.55 to 2747.01 po
Published 31 May, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (May 28, 2011).

Published 31 May, 2011 12:00am
Government won't defend Jamatud Dawa chief in US court

Government won't defend Jamatud Dawa chief in US court

The federal government here Monday informed the Lahore High Court that it could not provide counsel to Jamatud Dawa (JuD) Chief Hafiz Muhammad Saeed to defend him before a US Court. The court adjourned the matter to June 30 after the petitioner's counsel
Published 31 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 Saturday (May 28, 2011).

Published 31 May, 2011 12:00am
Government won't defend Jamatud Dawa chief in US court

Government won't defend Jamatud Dawa chief in US court

The federal government here Monday informed the Lahore High Court that it could not provide counsel to Jamatud Dawa (JuD) Chief Hafiz Muhammad Saeed to defend him before a US Court. The court adjourned the matter to June 30 after the petitioner's counsel
Published 31 May, 2011 12:00am
Afridi retires from international cricket

Afridi retires from international cricket

Shahid Afridi told AFP on Monday he was retiring from all international cricket, saying he was dejected after being replaced as one-day captain following a fiery clash with coach Waqar Younis. The 31-year-old developed differences with Waqar during the te
Published 31 May, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (May 28, 2011).

Published 31 May, 2011 12:00am
Afridi retires from international cricket

Afridi retires from international cricket

Shahid Afridi told AFP on Monday he was retiring from all international cricket, saying he was dejected after being replaced as one-day captain following a fiery clash with coach Waqar Younis. The 31-year-old developed differences with Waqar during the te
Published 31 May, 2011 12:00am
Actress Meera issued notice

Actress Meera issued notice

The Lahore High Court (LHC) here on Monday issued notice to film actress Meera in a petition of her alleged husband Attiqur Rehman who challenged a civil court order that had dismissed his application for medical examination to substantiate her claim of v
Published 31 May, 2011 12:00am
Lawyers protest killing of litigants

Lawyers protest killing of litigants

The legal fraternity here Monday observed partial strike and boycott of courts to protest against the firing incident in which a lawyer was injured and two accused brothers lost their lives. The lawyers did not attend the courts after 10.30am and held pro
Published 31 May, 2011 12:00am
LHC seeks replies from Ministry

LHC seeks replies from Ministry

Lahore High Court here Monday sought replies from the ministry of information and Pakistan Television Corporation (PTV) managing director in a petition challenging discriminatory policy with regard to the proceedings of National Assembly. A bar member Waq
Published 31 May, 2011 12:00am
Iran to help Pakistan produce coal energy

Iran to help Pakistan produce coal energy

Governor of the largest province of Iran, Khorasan Razavi Dr Mahmoud Salahi said that he will present Iranian study to produce coal energy as a gift to the people of Punjab which will help the province produce electricity from water, coal, air and solar r
Published 31 May, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (May 30, 2011) and for Tuesday (May 31, 2011).
Published 31 May, 2011 12:00am
'Operation in North Waziristan to trigger major war in region'

'Operation in North Waziristan to trigger major war in region'

Jamaat-e-Islami Chief, Syed Munawar Hasan has said military operation in North Waziristan will trigger a major war in the region. Expressing grave concern over the reports of military operation in North Waziristan, he stressed upon the government and the
Published 31 May, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (May 30, 2011).

Published 31 May, 2011 12:00am
Jamaat-e-Islami urges government to provide relief to masses

Jamaat-e-Islami urges government to provide relief to masses

The Jamaat-e-Islami (JI) Secretary General, Liaquat Baloch, has called upon the government to provide substantial relief to the masses in the next year budget with subsidy on POL products, agricultural inputs and cut in electricity tariff. He deplored tha
Published 31 May, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 31 May, 2011 12:00am
Journalist for Italian news agency missing

Journalist for Italian news agency missing

A correspondent in Pakistan for Italian news agency Adnkronos International (AKI) was reported missing Monday after he failed to take part in television programme in Islamabad. Syed Saleem Shahzad disappeared on Sunday, AKI reported, citing his failure to
Published 31 May, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 31 May, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (May 30, 2011).

Published 31 May, 2011 12:00am
The Weather

The Weather

The weather report on Monday (May 30, 2011) and the forecast for Tuesday (May 31, 2011).

Published 31 May, 2011 12:00am
Imran slams planned military operation in North Waziristan

Imran slams planned military operation in North Waziristan

Pakistan Tahreek-e-Insaf (PTI) chairman Imran Khan has slammed the planned military operation in North Waziristan, which he believes would have serious consequences for the country, including increase in suicide attacks. Khan was addressing a function her
Published 31 May, 2011 12:00am
Kidnapped girl recovered after one year

Kidnapped girl recovered after one year

Father of Dua Muntiha has thanked Chief Minister Punjab, Mian Shahbaz Sharif, SSP Investigation, Abdul Razaq Cheema, and chief photographer to Chief Minister, Amir Khan for the recovery of his daughter who was missing for a year. Manzar Shahab also thanke
Published 31 May, 2011 12:00am
Benazir murder case: Musharraf declared a proclaimed offender

Benazir murder case: Musharraf declared a proclaimed offender

An anti-terrorist court on Monday declared former military dictator General Pervez Musharraf as proclaimed offender in murder case of former Prime Minister Benazir Bhutto as he failed to appear before the court. The court also ordered to advertise in news
Published 31 May, 2011 12:00am
President summons Senate session on June 3

President summons Senate session on June 3

President Asif Ali Zardari summoned the Senate to meet in the Parliament House on June 3 (Friday) at 6:00 pm. The session of the Upper House of the parliament has been summoned in exercise of the powers conferred on him, by clause (1) of article (54) of t
Published 31 May, 2011 12:00am
PARB places research project before its board

PARB places research project before its board

Punjab Agricultural Research Board (PARB) has placed a research project before its board for approval aimed at developing silage-making technology and to promote the use of conventional as well as non-conventional fodders in silage formed for year round a
Published 31 May, 2011 12:00am
Refresher courses for drug inspectors

Refresher courses for drug inspectors

In order to ensure provision of quality medicines and elimination of spurious and substandard drugs from the province, refresher courses would be arranged for enhancing the working efficiency of drug inspectors. This was decided at a meeting of Sub-commit
Published 31 May, 2011 12:00am
Firdous raps coalition partners for media shift on terrorism

Firdous raps coalition partners for media shift on terrorism

Information Minister Dr Firdous Ashiq Awan has reportedly lashed out at the coalition partners for taking a different line on terrorism in the media, well-informed sources told Business Recorder, here on Monday. She gave these remarks during the federal c
Published 31 May, 2011 12:00am
Sacked employees demand reinstatement

Sacked employees demand reinstatement

Sacked employees of Co-operative Bank Khyber Pakhtukhwa on Monday staged a protest demonstration on Sher Shah Suri Road, near Peshawar press club, demanding for immediate reinstatement of their services. Mohammad Imran, President Co-operative Bank Employe
Published 31 May, 2011 12:00am
Two IPPs start commercial operation

Two IPPs start commercial operation

Two private sector power projects, having cumulative net capacity of 390MW have been added to the national grid. These include gas based IPP, 176.6 MW Fauji Dharki Power Project which was commissioned on 22 April, 2011, and 213.8MW Hubco-Narowal Power Pro
Published 31 May, 2011 12:00am
EC urges AJK candidates to follow code of conduct

EC urges AJK candidates to follow code of conduct

The Election Commission (EC) of Azad Jammu and Kashmir (AJK) has asked all the candidates and their supporters to follow the code of conduct of the EC. Official sources said here on Monday, the AJK general elections will held on June 26. The commission ha
Published 31 May, 2011 12:00am
Government determined to bring POL/CNG prices at par

Government determined to bring POL/CNG prices at par

The government is set to bring the prices of CNG and POL at par. At present, the difference between CNG and POL prices is nearly 37 percent, while the government has plans to further jack up CNG price by 15 percent in the coming months.
Published 31 May, 2011 12:00am
Big borrowers get loans written off to set up mega projects: CJP

Big borrowers get loans written off to set up mega projects: CJP

Chief Justice Iftikhar Muhammad Chaudhry observed on Monday that after getting their loans written off in billions from different banks, the parties, involved in misuse of public money, establish mega industrial projects but, on the other side, common man
Published 31 May, 2011 12:00am
Visa aspirants protest against Afghan Consulate

Visa aspirants protest against Afghan Consulate

Hundreds of visa seekers Monday blocked main Sher Shah Suri Road near Peshawar Press Club to protest against Afghan Consulate for allegedly using delaying tactics in issuance of visas to Pakistani nationals. The protesters gathered outside Peshawar Press
Published 31 May, 2011 12:00am
RECORDER REPORT

RECORDER REPORT

Abdul Akbar Chitrali, Convener Tanzeem Tahaffuz Haqooq Chitral, a rights organisation of Chitral, said the proportion of Rs 0.1 billion for mega lowari tunnel project of Chitral was insufficient and called for allocation of Rs 4.5 billion in upcoming fisc
Published 31 May, 2011 12:00am
Citizens perturbed over frequent power loadshedding

Citizens perturbed over frequent power loadshedding

Rising-load shedding amid unbearable mercury level is proving awful for the power consumers, as it has put them into a terrible situation with power outages duration escalating to eight to 10 hours in urban and rural areas. Especially, thunderstorms in So
Published 31 May, 2011 12:00am
NH&MP, Health Ministry begin drive against tobacco use

NH&MP, Health Ministry begin drive against tobacco use

National Highways and Motorway Police (NH&MP) has joined hands with the Ministry of Health for control of tobacco use in the country. A three-day awareness campaign on hazards of tobacco use begins from Monday throughout the country. In this regard, the N
Published 31 May, 2011 12:00am
Capital police arrest 18 suspects

Capital police arrest 18 suspects

Islamabad Police on Monday arrested 18 suspects and three other persons for their alleged involvement in different crimes from whom arms and looted items and pistols were recovered, said a Spokesman of Islamabad Police. Following the instructions from SSP
Published 31 May, 2011 12:00am
PML-N women wing launches bio-data collection drive

PML-N women wing launches bio-data collection drive

PML-N women wing Khyber Paktunkhwa Chapter Monday launched a woman workers' bio data collection drive in the province. Shazia Auranzeb, woman legislator in Khyber pakhtunkwa Assembly formally launched the drive while addressing a news conference here at t
Published 31 May, 2011 12:00am
CIA may use media cover to continue its activities

CIA may use media cover to continue its activities

Amid growing mistrust between Washington and Islamabad after the unilateral Abbottabad operation of May 2, the American intelligence is planning to change its modus operandi by replacing its operatives with under cover media organizations to continue thei
Published 31 May, 2011 12:00am
Privatisation Ministry Secretary: Shahid assumes charge

Privatisation Ministry Secretary: Shahid assumes charge

Shahid Hussain Raja, a Grade 22 officer, on Monday assumed charge as Secretary, Ministry of Privatisation, while Imtiaz Hussain Kazi, Acting Secretary, Privatisation, relinquished the charge and joined as Acting Secretary, Ministry of Water & Power. The E
Published 31 May, 2011 12:00am
Restaurants on Motorways evading sales tax in millions

Restaurants on Motorways evading sales tax in millions

The detection of non-payment of huge amount of sales tax by a restaurant in a far-flung area on Islamabad-Lahore Motorway is an eye opener for other RTOs to document actual sales/turnover of dozens of restaurants/hotels and food outlets on Lahore-Peshawar
Published 31 May, 2011 12:00am
IR Commissioners for levy of sales tax on banquet halls

IR Commissioners for levy of sales tax on banquet halls

Some Chief Commissioners of Inland Revenue have strongly recommended to the Federal Board of Revenue to impose sales tax on banquet halls of restaurants/hotels given on rent through a clear provision in the Sales Tax Act 1990 in coming budget (2011-12).
Published 31 May, 2011 12:00am
DG I&I FBR makes drugs haul; five held

DG I&I FBR makes drugs haul; five held

Directorate General Intelligence & Investigation - FBR has seized 1.0 kg heroin, 1.75 kg opium and 197 kg of hashish in three different operations across the country. In a statement issued here by the DG I&I FBR here on Monday, during last week the Direct
Published 31 May, 2011 12:00am
Sabir made Member Oil of Ogra

Sabir made Member Oil of Ogra

The government on Monday appointed Sabir Hussain, DG Oil as Member Oil of the Oil and Gas Regulatory Authority (Ogra), Business Recorder has learnt. According to sources in the Ogra, the Cabinet Division has issued a notification in this regard and
Published 31 May, 2011 12:00am
'ZTBL to finance entire chain of agriculture sector'

'ZTBL to finance entire chain of agriculture sector'

In pursuance with the vision of President of Pakistan, Asif Ali Zardari and Prime Minister, Yousaf Raza Gilani for alleviation of rural poverty and ensure agriculture uplift, ZTBL has taken revolutionary steps by focusing on new initiatives aimed at finan
Published 31 May, 2011 12:00am
Armed men attack political parties' offices

Armed men attack political parties' offices

Police on Monday registered three separate cases against unidentified persons over the attacks on the offices of political parties. First FIR was lodged by the Muttahida Organising Committee (MOC) of Muttahida Qaumi Movement (MQM), while another was regis
Published 31 May, 2011 12:00am
Leo Burnett wins in Pakistan

Leo Burnett wins in Pakistan

Jarek Ziebinski, President of Leo Burnett Asia-Pacific, congratulated the local team of Manhattan Leo Burnett (MLB) on winning the assignments for Pakistan International Airlines (PIA) and Pakistan State Oil (PSO) and for the high standard of work being d
Published 31 May, 2011 12:00am
City Magistrate cancels bogus power of attorney

City Magistrate cancels bogus power of attorney

City Magistrate (Rural) has cancelled the bogus power of attorney regarding a company Eastern Oilfield Solutions after completing probe in the matter, whereas on the other hand an officer of capital police, by misusing his authority has given approval to
Published 31 May, 2011 12:00am
Full Court reference in honour of Justice Raja Fayyaz held

Full Court reference in honour of Justice Raja Fayyaz held

Justice Raja Fayyaz Ahmed who is going to lay down his robes tomorrow (today) ie 31.05.2011, is a committed, hardworking and devoted judge, who is also a signatory of the landmark decision of Supreme Court on November 03, 2007. The said decision culminate
Published 31 May, 2011 12:00am
Ufone wins PAS award

Ufone wins PAS award

Ufone was recently bestowed the best advertising campaign award 2010-2011 by the Pakistan Advertising society (PAS). The PAS was formed to promote the value of advertising and to ensure that the recipients realise the importance advertising has in economi
Published 31 May, 2011 12:00am
Educators launches 'Edu-Card'

Educators launches 'Edu-Card'

'The Educators', the largest school network has launched for the first time in country an exclusive loyalty card for its students, named as "The Edu-Card". This card not only offers special discounts from the leading brand partners like McDonald's, Stonea
Published 31 May, 2011 12:00am
Khyber Pakhtunkhwa doctors call off strike

Khyber Pakhtunkhwa doctors call off strike

Doctors' Community of Khyber Pakhtunkhwa Monday announ-ced to conditionally call off strike after provincial government assurance to offer equal salary package to them, but it should be extended, when formally implemented in Punjab. Speaking at a news con
Published 31 May, 2011 12:00am
Solar eclipse

Solar eclipse

A partial solar eclipse will occur on June 01/02, 2011. It will not be visible from Pakistan. It will be night in Pakistan and adjoining areas during the eclipse. The eclipse will be visible from northern polar region including Alaska, northern Canada, Gr
Published 31 May, 2011 12:00am
Budget 2011-2012: FBR adamant to retain Third Schedule of ST Act 1990

Budget 2011-2012: FBR adamant to retain Third Schedule of ST Act 1990

The Federal Board of Revenue (FBR) would continue with a major distortion in the sales tax regime by retaining Third Schedule of the Sales Tax Act 1990 in budget (2011-2012) under which manufacturers are paying sales tax of all the stages of value additio
Published 31 May, 2011 12:00am
Budget 2011-2012: FBR adamant to retain Third Schedule of ST Act 1990

Budget 2011-2012: FBR adamant to retain Third Schedule of ST Act 1990

The Federal Board of Revenue (FBR) would continue with a major distortion in the sales tax regime by retaining Third Schedule of the Sales Tax Act 1990 in budget (2011-2012) under which manufacturers are paying sales tax of all the stages of value additio
Published 31 May, 2011 12:00am
Population census to commence from September 12

Population census to commence from September 12

Federal government has decided the schedule of Population Census, which would commence on September 12 to run until 27th, highly informed sources of Sindh government disclosed this to Business Recorder, here on Monday. They said that Prime Minister, Syed
Published 31 May, 2011 12:00am
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