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Archive - 2011-06-28
Clinton to visit Spain on Europe tour
Top News

Clinton to visit Spain on Europe tour

WASHINGTON : US Secretary of State Hillary Clinton will travel to Spain to discuss Afghanistan , the Middle East a
Published 28 Jun, 2011 09:03pm
US Senate backs Petraeus for CIA chief
Top News

US Senate backs Petraeus for CIA chief

WASHINGTON : The US Senate Intelligence Committee on Tuesday unanimously approved General David Petraeus's nomination t
Published 28 Jun, 2011 08:55pm
Palm oil up on mild rebound
Commodities

Palm oil up on mild rebound

ROTTERDAM : Palm oil on the European vegetable oil market recovered a little on Tuesday in a mild technical correction o
Published 28 Jun, 2011 05:17pm
Abu Dhabi cuts supplies
Energy

Abu Dhabi cuts supplies

SINGAPORE : The United Arab Emirates unexpectedly reduced allocations to Asian term buyers on Tuesday, as values of
Published 28 Jun, 2011 03:51pm
European stocks mixed
Financial

European stocks mixed

LONDON : European stock markets were mixed on Tuesday, with mining, energy and bank share prices robust in London and
Published 28 Jun, 2011 02:34pm
US backs Lagarde to win IMF post
Top News

US backs Lagarde to win IMF post

WASHINGTON : The United States formally offered its backing on Tuesday for French Finance Minister Christine Lagarde
Published 28 Jun, 2011 02:22pm
Stocks end lower; rupee weakens
Markets

Stocks end lower; rupee weakens

KARACHI : Pakistani stocks ended lower on Tuesday on fears of growing violence in the country's financial hub Karachi ,
Published 28 Jun, 2011 02:16pm
US April home prices dip
Real Estate

US April home prices dip

NEW YORK : U.S. single-family home prices dipped modestly in April, pointing to signs of stabilization in the battered
Published 28 Jun, 2011 01:46pm
China interest in stable euro
Europe

China interest in stable euro

BERLIN : China has a "massive" interest in a stable euro, Chancellor Angela Merkel said on Tuesday during a joint pres
Published 28 Jun, 2011 12:47pm
China sign deal for 62 A320 jets
Asia

China sign deal for 62 A320 jets

BERLIN : Airbus , China Aviation Supplies and Industrial Commerce Bank of China signed a deal for 62 Airbus A320 ai
Published 28 Jun, 2011 12:37pm
TPCC honours Pakistani businessman
Top News

TPCC honours Pakistani businessman

KARACHI: Thailand and Pakistan Chamber of Commerce (TPCC) honoured leading businessman Arif Suleman for his services to
Published 28 Jun, 2011 09:56am
Bank holiday on July 1
Top News

Bank holiday on July 1

KARACHI : The State Bank of Pakistan (SBP) and all offices of SBP Banking Services Corporation (SBPBSC), inclusive of
Published 28 Jun, 2011 09:07am
PM chairs cabinet's special meeting
Top News

PM chairs cabinet's special meeting

ISLAMABAD : The special meeting of the federal cabinet started here Tuesday with Prime Minister Gilani in chair. The cab
Published 28 Jun, 2011 08:37am
Oil turns lower in Asian trade
Energy

Oil turns lower in Asian trade

SINGAPORE: Oil turned lower in Asian trade on Tuesday as Greek workers launched general strikes in protest over tough au
Published 28 Jun, 2011 06:40am
E. coli death toll rises to 47
Europe

E. coli death toll rises to 47

BERLIN : A killer strain of E. coli bacteria has claimed four more lives in Germany , bringing the death toll to 47, Ge
Published 28 Jun, 2011 06:37am
Oil turns lower in Asian trade
Top News

Oil turns lower in Asian trade

SINGAPORE: Oil turned lower in Asian trade on Tuesday as Greek workers launched general strikes in protest over tough au
Published 28 Jun, 2011 06:36am
Oil rebounds in Asian trade
Energy

Oil rebounds in Asian trade

SINGAPORE: Oil rebounded in Asia on Tuesday but prices remained under pressure as Greek workers prepared for a general s
Published 28 Jun, 2011 04:01am
The case of exporting mangoes
BR Research

The case of exporting mangoes

They e juicy, they e sweet and they e a delight to eat. But apparently, they e not so lucky, as the king of fruits in Pakistan has not been
Published 28 Jun, 2011 12:00am
Groupin and 47th Avenue
BR Research

Groupin and 47th Avenue

Innovative Pakistani entrepreneurs are harnessing the buying power of consumers along with the power of the internet to bring web-based grou
Published 28 Jun, 2011 12:00am
Failed or prejudiced?
BR Research

Failed or prejudiced?

Remember the hoopla created over the Failed State Index around the same time last year? Some were appalled at Pakistan being dubbed a failed
Published 28 Jun, 2011 12:00am
Former Citigroup vice president held for stealing $19 million

Former Citigroup vice president held for stealing $19 million

A former vice president of Citigroup has been arrested on bank fraud charges after he allegedly embezzled more than $19 million from the bank, US prosecutors said on Monday. Gary Foster, 35, was detained at New York's John F. Kennedy International Airport
Published 28 Jun, 2011 12:00am
Former Citigroup vice president held for stealing $19 million

Former Citigroup vice president held for stealing $19 million

A former vice president of Citigroup has been arrested on bank fraud charges after he allegedly embezzled more than $19 million from the bank, US prosecutors said on Monday. Gary Foster, 35, was detained at New York's John F. Kennedy International Airport
Published 28 Jun, 2011 12:00am
Former Citigroup vice president held for stealing $19 million

Former Citigroup vice president held for stealing $19 million

A former vice president of Citigroup has been arrested on bank fraud charges after he allegedly embezzled more than $19 million from the bank, US prosecutors said on Monday. Gary Foster, 35, was detained at New York''s John F. Kennedy International Airpor
Published 28 Jun, 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 18th June, 2011.

Published 28 Jun, 2011 12:00am
US and India to hold high-level economic dialogue

US and India to hold high-level economic dialogue

Top US and Indian officials are discussing economic co-operation and financial sector reforms that could promote American investment in the fast-growing Asian country. US Treasury Secretary Timothy Geithner is hosting Indian Finance Minister Pranab Mukher
Published 28 Jun, 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 18th June, 2011.

Published 28 Jun, 2011 12:00am
US and India to hold high-level economic dialogue

US and India to hold high-level economic dialogue

Top US and Indian officials are discussing economic co-operation and financial sector reforms that could promote American investment in the fast-growing Asian country. US Treasury Secretary Timothy Geithner is hosting Indian Finance Minister Pranab Mukher
Published 28 Jun, 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 (June 27, 2011).

Published 28 Jun, 2011 12:00am
US and India to hold high-level economic dialogue

US and India to hold high-level economic dialogue

Top US and Indian officials are discussing economic co-operation and financial sector reforms that could promote American investment in the fast-growing Asian country. US Treasury Secretary Timothy Geithner is hosting Indian Finance Minister Pranab Mukher
Published 28 Jun, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (June 27, 2011).

Published 28 Jun, 2011 12:00am
Punjab Finance Minister justifies need for Supplementary Budget 2010-11

Punjab Finance Minister justifies need for Supplementary Budget 2010-11

Punjab Finance Minister Kamran Michael has justified the need for the Supplementary Budget 2010-11 to meet the expenses of emergent needs and public welfare oriented projects. He was wrapping up the general discussion on Supplementary Budget 2010-11 in th
Published 28 Jun, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (June 27, 2011).

Published 28 Jun, 2011 12:00am
All major rivers flowing below flood level

All major rivers flowing below flood level

All major rivers in the country are flowing below flood level, say a Met Office report. According to the Met Department, yesterday's trough of westerly wave over north-east Afghanistan now lies over Kashmir and adjoining areas while a weak seasonal low li
Published 28 Jun, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (June 27, 2011).

Published 28 Jun, 2011 12:00am
Revenue collection target: FBR denies downward revision

Revenue collection target: FBR denies downward revision

The Federal Board of Revenue (FBR) has strongly dispelled the impression that the revenue collection target of Rs 1588 billion has been further revised downward to Rs 1581 billion for 2010-11. Talking to Business Recorder here on Monday, a senior F
Published 28 Jun, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (June 27, 2011).

Published 28 Jun, 2011 12:00am
Senior commander quits Tehrik-e-Taliban Pakistan

Senior commander quits Tehrik-e-Taliban Pakistan

A senior militant commander has for the first time quit the Pakistani Taliban, a defection that could weaken a movement that poses the biggest security threat to the US-backed government. Fazal Saeed Haqqani, who was the Taliban leader in the Kurram regio
Published 28 Jun, 2011 12:00am
ECP, Nadra sign contract for electoral rolls verification

ECP, Nadra sign contract for electoral rolls verification

Election Commission of Pakistan (ECP) and National Database and Registration Authority (NADRA) on Monday signed a contract to use Computerised National Identity Cards (CNICs) data for verification, updating and augmentation of ECP's existing voters' datab
Published 28 Jun, 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 (June 27, 2011).

Published 28 Jun, 2011 12:00am
'PML-N showed worst election hooliganism in history'

'PML-N showed worst election hooliganism in history'

Pakistan People's Party (PPP) Punjab President, Imtiaz Safdar Warraich has said PML-N showed worst election hooliganism in the history of Lahore, Gujranwala and tehsil Daska by harassing the returning officers. He said the Kashmiris have expressed overwhe
Published 28 Jun, 2011 12:00am
Punjab Budget 2011-12: Rs 36,650 million allocated for road sector

Punjab Budget 2011-12: Rs 36,650 million allocated for road sector

With a vision to upgrade, augment and maintain a modern road network in the province under most cost-effective, optimised and quality-oriented development and management regimes, the Punjab government has set aside an amount of Rs 36,650 million for road
Published 28 Jun, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (June 27, 2011).

Published 28 Jun, 2011 12:00am
NHA earns Rs 29,474 million from 97 toll plazas in five years

NHA earns Rs 29,474 million from 97 toll plazas in five years

National Highway Authority (NHA) has collected Rs 29,474 million as toll revenue during past five years from 97 toll plazas presently operational on its road network, a source in NHA said. He while talking to APP here on Monday said that NHA toll plazas o
Published 28 Jun, 2011 12:00am
Taleh Bugti's murder case: detained accused arrested

Taleh Bugti's murder case: detained accused arrested

The police have formally arrested the detained accused in the murder of six people dead, including Nawab Akbar Bugti's grandson, Taleh Bugti. According to a private TV, 10 persons have been detained in the murder incident. In a private gathering at house
Published 28 Jun, 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 (June 27, 2011).

Published 28 Jun, 2011 12:00am
One killed, 19 injured in Lyari grenade attack

One killed, 19 injured in Lyari grenade attack

A man was killed while 19 others were injured in a grenade attack in the limits of Chakiwara police station on Monday night. According to details, two unidentified men, riding on a bike, threw grenade at Lucky Star hotel located at Maula Madad stop in Cha
Published 28 Jun, 2011 12:00am
Security for media men in field stressed

Security for media men in field stressed

Senior journalists have on Monday stressed for responsible and accurate investigating news reporting and more security and protection for media men in field. The journalists expressed these views during a media workshop organised by individual and, a non-
Published 28 Jun, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (June 27, 2011).

Published 28 Jun, 2011 12:00am
EU trade package: WTO council to take up Pakistan's case in November

EU trade package: WTO council to take up Pakistan's case in November

The European Union (EU) will place Pakistan specific preferential trade package before the WTO Council of Trade and Goods (CTG) once again in November 2011, official sources told Business Recorder. "We are continuing silent diplomacy with all the c
Published 28 Jun, 2011 12:00am
HRCP slams torture on students

HRCP slams torture on students

Human Rights Commission of Pakistan (HRCP) on Monday slammed torture on the students by hooligans at the Punjab University Lahore. The HRCP has expressed concerns over torture on the students of Punjab University's Philosophy Department by armed activists
Published 28 Jun, 2011 12:00am
Summer camps lack appeal in hot dry weather

Summer camps lack appeal in hot dry weather

Summer camps meant for keeping the students in touch with their studies are annoying for majority of them when they have to face scorching heat of summer. Different educational institutions especially private schools arrange summer camps to help students
Published 28 Jun, 2011 12:00am
Sugar mills: LHC allows FBR to recover SED

Sugar mills: LHC allows FBR to recover SED

Upholding the decision of the single bench, a division bench of the Lahore High Court on Monday allowed the Federal Board of Revenue (FBR) to recover Special Excise Duty from sugar mills of Sharif family and others. Dismissing 16 intra court appeals, the
Published 28 Jun, 2011 12:00am
'Tribute to legends' festival organised

'Tribute to legends' festival organised

Pakistan National Council of Arts (PNCA) and Arts Council of Pakistan held a three-day Ghazal Festival entitled "Tribute to Legends" at Karachi. The festival was part of PNCA's activities to promote musical heritage of the country and acknowledge the serv
Published 28 Jun, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (June 27, 2011) and for Tuesday (June 28, 2011).
Published 28 Jun, 2011 12:00am
Senior officials reshuffled in Punjab

Senior officials reshuffled in Punjab

The Punjab government has on Monday reshuffled government officials including Senior Member Board of Revenue and Punjab Additional Chief Secretary. According to a notification, Akhlaq Ahmad Tarar, Senior Member Board of Revenue, Punjab, has been relieved
Published 28 Jun, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (June 27, 2011).

Published 28 Jun, 2011 12:00am
Youth Empowerment Workshop begin

Youth Empowerment Workshop begin

The Youth Empowerment Workshop organised by the Punjab Youth Council in conjunction with Microsoft started here on Monday. The workshop is aimed at raising the capacity of student volunteers so that they are better able to serve their community.
Published 28 Jun, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 28 Jun, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 28 Jun, 2011 12:00am
Protection of Punjab wheat stocks: food department makes arrangement

Protection of Punjab wheat stocks: food department makes arrangement

Punjab Food Minister, Chaudhry Abdul Ghafoor has said the Provincial Food Department has made comprehensive arrangements to protect five million tons of wheat stocks present in its godowns and also under open sky. In a statement issued on Monday Ghafoor s
Published 28 Jun, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (June 27, 2011).

Published 28 Jun, 2011 12:00am
WAPDA workers protest kidnapping of central executive Quesco

WAPDA workers protest kidnapping of central executive Quesco

WAPDA / electricity workers staged a big demonstration here on Monday to protest against target killing of WAPDA workers and kidnapping of Chief Engineer Quetta Electricity Supply Co and condemned dismissal of office bearers and workers of Karachi Electri
Published 28 Jun, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (June 27, 2011).

Published 28 Jun, 2011 12:00am
Punjab government failed to tax urban rich: expert

Punjab government failed to tax urban rich: expert

Punjab government led by Chief Minister Shahbaz Sharif has failed to tax urban rich as it would collect only paltry amount of Rs 6.56 billion as property tax during the FY 2011-12, said agronomist Farooque Bajwa here on Monday.
Published 28 Jun, 2011 12:00am
The Weather

The Weather

The weather report on Monday (June 27, 2011) and the forecast for Tuesday (June 28, 2011).

Published 28 Jun, 2011 12:00am
Saleem Shehzad's communication: FIA, PTA directed to preserve record

Saleem Shehzad's communication: FIA, PTA directed to preserve record

A judicial commission constituted to look into the murder of journalist Saleem Shahzad on Monday started its proceedings at Supreme Court (SC) Lahore registry and directed Federal Investigation Agency (FIA) and Pakistan Telecommunication Authority (PTA) t
Published 28 Jun, 2011 12:00am
Meeting

Meeting

Provincial Zakat Council Punjab's 131st meeting will be held here at 40-C, Faisal Town on Wednesday. Secretary Zakat and Ushr Nazir Ahmed will chair the meeting.
Published 28 Jun, 2011 12:00am
Tripartite Commission meets in Kabul

Tripartite Commission meets in Kabul

The Tripar-tite Commission comprising senior military representatives from Afghanistan, Pakistan and Coalition Forces in Afghanistan, held a meeting on Monday in Kabul. General Ashfaq Parvez Kayani, Chief of Army Staff of Pakistan, General Sher Mahammed K
Published 28 Jun, 2011 12:00am
Deputy Attorney General GB found dead

Deputy Attorney General GB found dead

The Deputy Attorney General Shahid Ajmal Rao was found dead in his residence on Monday and his body was taken to District Headquarters Hospital for post-mortem. Police sources told APP that Ajmal's spouse kept calling him but could not receive any answer.
Published 28 Jun, 2011 12:00am
Ministry imposes ban on fresh allotments

Ministry imposes ban on fresh allotments

Ministry of Housing and Works has imposed ban on fresh allotments of government owned residential accommodation. It has been stated in a notification issued here on Monday by Ministry of Housing and Works that the objective of ban on fresh allotment is to
Published 28 Jun, 2011 12:00am
Hina to lead team to 38th session of council of OIC's foreign ministers

Hina to lead team to 38th session of council of OIC's foreign ministers

Minister of State for Foreign Affairs Hina Rabbani Khar will lead Pakistan's delegation to the 38th Session of the Council of Foreign Ministers of OIC Member States to be held from June 28-30 2011 in Astana, the capital city of the Republic of Kazakhstan.
Published 28 Jun, 2011 12:00am
Power shortfall reaches 6,700 megawatt

Power shortfall reaches 6,700 megawatt

The electricity shortfall has jumped up to 6,700 megawatt as the Jamshoro transmission line tripped. According to Pakistan Electric Power Company (PEPCO), the transmission line tripped due to the excessive moisture and it would be restored soon. Meanwhile
Published 28 Jun, 2011 12:00am
LTU Lahore surpasses collection targets

LTU Lahore surpasses collection targets

Large Taxpayers Unit (LTU), Lahore has achieved its revenue collection targets fixed for the fiscal year 2010-2011 by collecting Rs 63,320 million and Rs 27,500 million from sales tax and income tax respectively. The target for the Federal Excise Duty was
Published 28 Jun, 2011 12:00am
LHC Chief Justice summons IG Police

LHC Chief Justice summons IG Police

Chief Justice Lahore High Court (CJ LHC) here on Monday summoned Inspector General (IG) of Police Punjab for July 4 in a petition of a citizen seeking recovery of his wife and action against a police official who kidnapped his wife and forced her into mar
Published 28 Jun, 2011 12:00am
FBR unveils new procedure for scrapping of imported goods

FBR unveils new procedure for scrapping of imported goods

The Federal Board of Revenue has issued a new procedure for the mutilation or scrapping of imported goods including tyres/tubes, foils/films, pipes/tubes, bars/rods, sheets/ plates,beams/girders and ship plates, etc. The FBR on Monday amended Chapter-XXIV
Published 28 Jun, 2011 12:00am
Terror plan to poison water supply services unearthed

Terror plan to poison water supply services unearthed

A terror plan to poison the water supply services, water tanks and supply lines was unearthed by intelligence agencies and Interior Ministry has directed the Capital Development Authority (CDA) to ensure foolproof security of water supply installations to
Published 28 Jun, 2011 12:00am
Economic activities' revival: PCCC discusses energy situation

Economic activities' revival: PCCC discusses energy situation

Punjab Chambers Co-ordination Committee (PCCC), in its fifth meeting on Monday, discussed in detail energy situation, its generation and conservation plan, participation of business community in foreign fairs and capacity building of chambers in Punjab.
Published 28 Jun, 2011 12:00am
Certificate in culinary skills course launched

Certificate in culinary skills course launched

Nasreen Yousaf, a student of Punjab Education Foundation partner school in Lahore has secured 1st position in the four month long "Certificate in Culinary Skills" course launched under the Skills Development Programme of Punjab Education Foundation.
Published 28 Jun, 2011 12:00am
60 outlaws held in Peshawar

60 outlaws held in Peshawar

The city police on Monday claimed to have arrested 60 outlaws including eight proclaimed offenders and recovered caches of lethal weapons from their possession. To maintain law and order situation in the city, the law enforcement agencies conducted crackd
Published 28 Jun, 2011 12:00am
Engro offers 27 million shares for sale

Engro offers 27 million shares for sale

Engro Corpora-tion (Engro) has presented "Offer for Sale" (OFS) of 27 million ordinary shares of Engro Foods Limited (EFoods) to general public at Rs 25/share. The subscription is likely to take place from July 05-07, 2011. Engro has already offered 48 mi
Published 28 Jun, 2011 12:00am
Meezan's Fund IPO from July 5

Meezan's Fund IPO from July 5

The Initial Public Offering (IPO) of Meezan Capital Protected Fund-II will begin from July 5 and end on July 7, 2011. The fund has been jointly launched by Meezan Bank and its subsidiary Al Meezan Investment Management Limited. MCPF-II is an open-end mutu
Published 28 Jun, 2011 12:00am
Meezan's Fund IPO from July 5

Meezan's Fund IPO from July 5

The Initial Public Offering (IPO) of Meezan Capital Protected Fund-II will begin from July 5 and end on July 7, 2011. The fund has been jointly launched by Meezan Bank and its subsidiary Al Meezan Investment Management Limited. MCPF-II is an open-end mutu
Published 28 Jun, 2011 12:00am
Waseela-e-Haq training workshop concludes

Waseela-e-Haq training workshop concludes

The 10-day long Waseela-e-Haq training workshop under the aegis of Benazir Income Support Programme concluded here on Monday successfully. As many as 42 families attended the workshop, including 24 from Lahore Division and nine each from Gujranwala and Sa
Published 28 Jun, 2011 12:00am
Sindh finance minister visits KSE

Sindh finance minister visits KSE

Sindh Finance Minister Murad Ali Shah on Monday visited the Karachi Stock Exchange (KSE) and held a meeting with the Board of Directors of the exchange. The minister was greeted by Chairman KSE Muneer Kamal and Managing Director Nadeem Naqvi. Senior membe
Published 28 Jun, 2011 12:00am
Government committed to uplifting backward areas: Prime Minister Gilani

Government committed to uplifting backward areas: Prime Minister Gilani

Prime Minister Syed Yousuf Raza Gilani has said that while focusing on rehabilitation of flood-hit people and reconstruction of affected infrastructure, the government has laid special emphasis on the development and prosperity of backward areas of the co
Published 28 Jun, 2011 12:00am
Wheat procurement process well under way

Wheat procurement process well under way

Wheat procurement process by the Pakistan Agricultural Storage and Services Corporation (PASSCO) for the enhanced target is well under way. Six monitoring teams comprising senior and middle level administrative management are supervising the distribution
Published 28 Jun, 2011 12:00am
NIB gets new chairman

NIB gets new chairman

The board of directors of NIB Bank Ltd has elected Roland Teo Cheng San as new chairman of NIB effective August 1, this year. In its communiqué sent to KSE here on Monday, NIB said that Teo is a Singaporean national and banker by profession with 20 years
Published 28 Jun, 2011 12:00am
Democracy only solution to problems: minister

Democracy only solution to problems: minister

Federal Minister for Law, Moula Bux Chandio has said that democracy was the only solution to the problems, issues and crises being faced by Pakistan and those who were hatching conspiracies against democracy were not friends of Pakistan and nation. Addres
Published 28 Jun, 2011 12:00am
Mango exports facing strict USDA rules

Mango exports facing strict USDA rules

Export of Pakistani mangoes to United States is facing strict rules and regulations imposed by United States Department of Agriculture (USDA) and Animal Plant Health Inspection Service (APHIS) making it difficult for Pakistani exporters to do business wit
Published 28 Jun, 2011 12:00am
Workers call for restoration of industrial relations law

Workers call for restoration of industrial relations law

Dozens of labourers from different state-run institutions on Monday staged a protest demonstration, calling for restoration of industrial relations law and regularisation of contact employees. Chanting slogans for improvement of working conditions, increa
Published 28 Jun, 2011 12:00am
Jamaat-e-Islami central executive meets today

Jamaat-e-Islami central executive meets today

The Central Executive of the Jamaat-e-Islami, Pakistan, will meet here at Mansoora, today (Tuesday) evening with the JI chief, Syed Munawar Hasan, in the chair. The Central Executive is to decide the agenda for the JI Central Shoora which is meeting here
Published 28 Jun, 2011 12:00am
Police recover body, kidnapped businessman

Police recover body, kidnapped businessman

Sindh police on Monday claimed to have recovered a body and a wounded businessman, who were kidnapped for ransom, in the limits of Aziz Bhatti police station. According to police, a body and a wounded businessman were found near Federal Urdu University of
Published 28 Jun, 2011 12:00am
PIA failed in controlling exchange loss: Audit report

PIA failed in controlling exchange loss: Audit report

Pakistan International Airlines (PIA) Corporation failed to take any significant measures to control its currency risk, nor has it taken any corrective actions for future, according to Auditor General of Pakistan (AGP)'s Report-2010-11. The audit observed
Published 28 Jun, 2011 12:00am
SSP activist gunned down

SSP activist gunned down

An activist of Sipah Sahaba Pakistan (SSP) was gunned down at New Karachi in the remits of Bilal Colony police station. According to police, the incident took place near 2-minute roundabout, where 24-year-old Kashif Wakeel, who was on his way to home from
Published 28 Jun, 2011 12:00am
SSUET passes Rs 712 million surplus budget for 2011-12

SSUET passes Rs 712 million surplus budget for 2011-12

The Board of Governors of Sir Syed University of Engineering and Technology passed SSUET's Rs 712.30 million surplus budget for 2011-2012 at a meeting held under the chairmanship of Vice-Chancellor Professor Dr Saiyid Nazir Ahmed. The budget shows the inc
Published 28 Jun, 2011 12:00am
Raja Abbas assumes charge as Sindh chief secretary

Raja Abbas assumes charge as Sindh chief secretary

New Chief Secretary Sindh, Raja Muhammad Abbas, has assumed the charge of office, an announcement to this effect was made in a statement here on Monday. Abdus Subhan Memon, who was holding the acting charge of Chief Secretary, handed over the charge. Raja
Published 28 Jun, 2011 12:00am
Top TV channels meet at a common platform

Top TV channels meet at a common platform

The rare occasion was some top TV Channels of Pakistan meeting at a common platform. The venue was the Management Excellence Centre (MEC) of the Institute of Business Management (IoBM), Korangi Creek, Karachi. The theme was sharing ideas and insights in T
Published 28 Jun, 2011 12:00am
Juvenile Justice Reforms' workshop on June 29

Juvenile Justice Reforms' workshop on June 29

The Children's Complaint Office (CCO) established by Wafaqi Mohtasib is organising a workshop on Juvenile Justice Reforms here on June 29. The seminar entitled "Dissemination workshop on Juvenile Justice Reforms in Pakistan" is being held to share the dra
Published 28 Jun, 2011 12:00am
APOTOA threatens to halt oil supply to Fata

APOTOA threatens to halt oil supply to Fata

All Pakistan Oil Tankers Owners' Association (APOTOA), Khyber-Pakhtunkhwa, has warned if government fails to stop illegal collection in Khyber Agency, then oil supply will be halted to FATA. Speaking at a news conference, here on Monday at Peshawar press
Published 28 Jun, 2011 12:00am
Islamabad police arrest nine outlaws

Islamabad police arrest nine outlaws

Islamabad Police have arrested nine persons for their alleged involvement in drug pushing, begging, possessing illegal arms, fraud and cheating, recovering a Kalashnikov assault rifle, two pistols, 85 bullets, 1.620 kg charas and 140 gram heroin from the
Published 28 Jun, 2011 12:00am
Capital Police nab 194 suspects

Capital Police nab 194 suspects

Capital Police have nabbed 194 proclaimed offenders, 576 court absconders, besides registering a total of 435 cases for possessing illegal weapons and 513 cases of drug peddling at various police stations during last five months of the current year, said
Published 28 Jun, 2011 12:00am
Mojaz Foundation celebrates third anniversary

Mojaz Foundation celebrates third anniversary

Mojaz Foundation, an NGO working for economic and social empowerment of marginalized communities of Punjab, celebrated its third anniversary in Islamabad, Dr Zafar Qadir chairperson of NDMA was the guest of honour on the event, Kamran Akbar, Aazar W. Bhan
Published 28 Jun, 2011 12:00am
Two-day summer trade fair concludes

Two-day summer trade fair concludes

The two-day Inter-provincial summer trade fair, organised by Women Business Development Centre (WBDC), Khyber Pakhtunkhwa concluded here successfully. The Small and Medium Enterprises Development Authority (SMEDA), took step with financial support of Khyb
Published 28 Jun, 2011 12:00am
Budget 2011-12 and the donor concerns

Budget 2011-12 and the donor concerns

The World Bank in a report titled Pakistan Economic Update 2011 carried on its website maintained that "satisfactory expenditure containment and revenue collection from recent measures for fiscal consolidation, and a solid Finance Bill 2011 could pave the
Published 28 Jun, 2011 12:00am
AJK election

AJK election

Elections have never been a calm and orderly affair in Pakistan, as in most of the countries, but the polling on Sunday for the AJK Legislative Assembly was much more than merely exercising one's right of vote. What the people saw, thanks to the TV channe
Published 28 Jun, 2011 12:00am
America's silence

America's silence

According to renowned credit rating agency Fitch, if the US Congress doesn't increase the government's $14.3 trillion debt ceiling by August 2, the US might default (the second time after 1979) on part of its global debt due for repayment on August 15 - a
Published 28 Jun, 2011 12:00am
Potential for manufacturing cellular phone handsets

Potential for manufacturing cellular phone handsets

Despite rising inflation and higher cost, the demand of mobile telephone handsets in local market continues to grow manifold. Currently, Pakistan imports cellular phone handsets valuing Rs 3.72 billion a month on average. Nonetheless, in April 2011 alone,
Published 28 Jun, 2011 12:00am
Why not a new CoD between PML-N and MQM?

Why not a new CoD between PML-N and MQM?

If PML-N could sit with its arch-rival PPP and sign CoD based on cleansing of judiciary, National Accountability Bureau, Election Commission, and working on public-centred policies for a promising future of Pakistan, then why not sit with MQM and sign a s
Published 28 Jun, 2011 12:00am
Resignation of Marvi Memon

Resignation of Marvi Memon

PML-Q MNA Marvi Memon has dramatically resigned from the seat of NA and also from the membership of PML-Q on the basis of "principles". Marvi Memon was elected as MNA against a reserved seat in Punjab in the year 2008. Like her father Nisar Memon, she was
Published 28 Jun, 2011 12:00am
Partly Facetious: The AJK election

Partly Facetious: The AJK election

"Azad Jammu and Kashmir election has reaffirmed the supremacy of the PPP in the hearts and minds of the people."
Published 28 Jun, 2011 12:00am
DHA Steering Committee meets

DHA Steering Committee meets

A meeting of the DHA City Karachi's (DCKs) Steering Committee was held under the president-ship of DHA Administrator Brigadier Aamer Raza Qureshi here on Monday. A DHA statement said that DCK Project Director Brigadier (Retd) Rafique informed the meeting
Published 28 Jun, 2011 12:00am
Punjab Healthcare implementation: Chief Justice LHC disposes of petition

Punjab Healthcare implementation: Chief Justice LHC disposes of petition

Chief Justice (CJ) Lahore High Court Ijaz Ahmad Chaudhry disposed of a petition seeking directions for implementation of Punjab Healthcare. Commission Act 2010, after the provincial government assured to allocate the funds for this commission. An addition
Published 28 Jun, 2011 12:00am
Bill's draft to upgrade PITHM as University ready

Bill's draft to upgrade PITHM as University ready

Sindh Tourism department has prepared a draft of the Bill regarding up-gradation of Pakistan Institute of Tourism and Hotel Management (PITHM) as University with establishment of its campuses in four districts, well placed sources told Business Recorde
Published 28 Jun, 2011 12:00am
ITP holds workshop on traffic laws

ITP holds workshop on traffic laws

Islamabad Traffic Police (ITP) on Monday arranged a one-day road safety workshop at the Capital Car Rental Services to acquaint the staff with traffic laws. The ITP regularly arranges lectures at various educational, government and non-government institut
Published 28 Jun, 2011 12:00am
Kashmiris acquit ZAB by giving his party majority mandate

Kashmiris acquit ZAB by giving his party majority mandate

Opposition leader in Punjab Assembly claimed on Monday that people of Kashmir have acquitted Zulfiqar Ali Bhutto (ZAB), giving his party an overwhelming mandate in the AJK general elections. He was talking to media persons in the SC building after preside
Published 28 Jun, 2011 12:00am
AJK election: victory of Chaudhry Akbar speaks of PML-Q's popularity

AJK election: victory of Chaudhry Akbar speaks of PML-Q's popularity

Pakistan Muslim League-Q leader and Senior Federal Minister for Defence Production & Industries Chaudhry Parvez Elahi has called the victory of Chaudhry Akbar Ibrahim, a PML backed candidate in AJK election from LA-34, Jammu-V Gujrat constituency as a liv
Published 28 Jun, 2011 12:00am
Innovative methods to increase forestation stressed

Innovative methods to increase forestation stressed

Speakers at a moot on Monday were of the view to increase area under forest alongwith co-ordinated efforts for its sustainable management, shunning traditional approach and adopting innovative methods and technologies to meet the goal. This was stated at
Published 28 Jun, 2011 12:00am
PPP promoting politics of reconciliation: Latif Khosa

PPP promoting politics of reconciliation: Latif Khosa

Governor Punjab, Sardar Abdul Latif Khan Khosa, on Monday said that PPP was promoting the politics of reconciliation and would hold fair and transparent polls on completion of the constitutional period of five years. He was talking to journalists here in
Published 28 Jun, 2011 12:00am
Telenor Pakistan hosts dinner

Telenor Pakistan hosts dinner

Telenor Pakistan Limited, which is the single largest European indirect investor in Pakistan with $2 billion investment and has plans to invest more, hosted a dinner reception at a local hotel here on Monday. The dinner was attended Jon Fredrick Bakaas Te
Published 28 Jun, 2011 12:00am
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