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Archive - 2011-07-16
Zardari proposes Pak-Iran currency swap
Top News

Zardari proposes Pak-Iran currency swap

TEHRAN : President Asif Ali Zardari on Saturday proposed a currency swap agreement between Pakistan and Iran to further
Published 16 Jul, 2011 08:31pm
Anjum Aqeel arrested
Business & Finance

Anjum Aqeel arrested

ISLAMABAD : The Capital police on Saturday arrested proclaimed offender Anjum Aqeel, PML-N Member of the National Assemb
Published 16 Jul, 2011 07:57pm
Gold surges to record Rs43,285
Markets

Gold surges to record Rs43,285

KARACHI: Gold surged by Rs300 to all time high of Rs43,585 per 10 grams in the local market Saturday, as its internation
Published 16 Jul, 2011 06:28pm
Seven killed in Hangu bus firing
Top News

Seven killed in Hangu bus firing

ISLAMABAD : At least seven persons including women were killed in a firing incident at Upper Karram area of Hangu on Sat
Published 16 Jul, 2011 04:27pm
Zardar arrives in Iran for talks
Top News

Zardar arrives in Iran for talks

TEHRAN : President Asif Ali Zardari arrived in Tehran on Saturday for talks with officials, state television said, less
Published 16 Jul, 2011 02:41pm
SABIC Q2 earnings up 61pc
Financial

SABIC Q2 earnings up 61pc

JEDDAH: Saudi Basic Industries Corp (SABIC), the world's biggest petrochemical firm by market value, posted a 61 percent
Published 16 Jul, 2011 02:05pm
Adults see debt as a positive boost
Top News

Adults see debt as a positive boost

ISLAMABAD : Debt may actually give some young adults a self-esteem boost. Researchers studied 3,079 young American ad
Published 16 Jul, 2011 01:48pm
Australia economy strong despite jitters
Top News

Australia economy strong despite jitters

SYDNEY : Australian Treasurer Wayne Swan insisted the country's economy was strong on Saturday following a slump in cons
Published 16 Jul, 2011 01:32pm
Gunmen kill seven in coach attack
Top News

Gunmen kill seven in coach attack

PESHAWAR : Seven people were killed on Saturday after gunmen fired on a coach carrying passengers in a northwestern trib
Published 16 Jul, 2011 01:24pm
Gold price soars in Peshawar
Markets

Gold price soars in Peshawar

PESHAWAR: The gold markets of Peshawar witness an unprecedented hike of five hundred and thirty rupees in bullion rates
Published 16 Jul, 2011 01:02pm
President Zardari heads for Iran talks
Top News

President Zardari heads for Iran talks

TEHRAN : President Asif Ali Zardari was due in Tehran on Saturday for talks with officials expected to include his Iran
Published 16 Jul, 2011 09:27am
Proposals for Trade Policy: MoC opposed to abolishing cotton cess

Proposals for Trade Policy: MoC opposed to abolishing cotton cess

Commerce Ministry has reportedly opposed abolishment of cotton cess, which according to the Karachi Cotton Association (KCA) is a major hurdle in textile industry's development. Commerce Ministry has agreed to formulate a proposal for the Trade Policy 201
Published 16 Jul, 2011 12:00am
Proposals for Trade Policy: MoC opposed to abolishing cotton cess

Proposals for Trade Policy: MoC opposed to abolishing cotton cess

Commerce Ministry has reportedly opposed abolishment of cotton cess, which according to the Karachi Cotton Association (KCA) is a major hurdle in textile industry's development. Commerce Ministry has agreed to formulate a proposal for the Trade Policy 201
Published 16 Jul, 2011 12:00am
Proposals for Trade Policy: MoC opposed to abolishing cotton cess

Proposals for Trade Policy: MoC opposed to abolishing cotton cess

Commerce Ministry has reportedly opposed abolishment of cotton cess, which according to the Karachi Cotton Association (KCA) is a major hurdle in textile industry''s development. Commerce Ministry has agreed to formulate a proposal for the Trade Policy 20
Published 16 Jul, 2011 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am
ISI chief visit to US 'went very well'

ISI chief visit to US 'went very well'

US and Pakistani spy chiefs made progress in mending rifts in a relationship that had soured over the US raid that killed al Qaeda leader Osama bin Laden during meetings at CIA headquarters, US and Pakistani officials said on Thursday. Lieutenant-General
Published 16 Jul, 2011 12:00am
ISI chief visit to US 'went very well'

ISI chief visit to US 'went very well'

US and Pakistani spy chiefs made progress in mending rifts in a relationship that had soured over the US raid that killed al Qaeda leader Osama bin Laden during meetings at CIA headquarters, US and Pakistani officials said on Thursday. Lieutenant-General
Published 16 Jul, 2011 12:00am
Bullish sentiments dominate LSE

Bullish sentiments dominate LSE

Bullish sentiments dominated Lahore Stock Exchange on Friday where equities staged recoveries amid fresh buying in select sectors including oil, fertiliser, and banks. The LSE-25 index jumped up by 38.25 points to close at 3134.95 points against 3096.70 p
Published 16 Jul, 2011 12:00am
Bullish sentiments dominate LSE

Bullish sentiments dominate LSE

Bullish sentiments dominated Lahore Stock Exchange on Friday where equities staged recoveries amid fresh buying in select sectors including oil, fertiliser, and banks. The LSE-25 index jumped up by 38.25 points to close at 3134.95 points against 3096.70 p
Published 16 Jul, 2011 12:00am
ISE index up 17.85 points

ISE index up 17.85 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Friday where investors adopted cautious approach amid increase in index. ISE-10 Index showed an improvement of 17.85 points from 2,713.32 points to 2,731.17 points. Turnover amounted to 17,
Published 16 Jul, 2011 12:00am
ISE index up 17.85 points

ISE index up 17.85 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Friday where investors adopted cautious approach amid increase in index. ISE-10 Index showed an improvement of 17.85 points from 2,713.32 points to 2,731.17 points. Turnover amounted to 17,
Published 16 Jul, 2011 12:00am
Dow Jones CEO Les Hinton to resign: WSJ

Dow Jones CEO Les Hinton to resign: WSJ

Les Hinton, who served as chairman of News International during the phone-hacking by the News of the World, is to resign on Friday as chief executive of News Corp's Dow Jones unit, The Wall Street Journal reported. Hinton served as chairman of News Intern
Published 16 Jul, 2011 12:00am
At least 25 killed during Nigerian military raid: Amnesty

At least 25 killed during Nigerian military raid: Amnesty

At least 25 people were killed during a Nigerian military raid after a bomb blast blamed on Islamists and many others have been reported missing, a statement from Amnesty International said Friday. The statement referred to an incident last weekend in the
Published 16 Jul, 2011 12:00am
UBL Funds announce payouts

UBL Funds announce payouts

UBL Fund Managers Limited announced payouts from its open-end funds for the period ended June 30, 2011. UBL Funds is a wholly owned subsidiary of United Bank Limited, and currently managing assets of Rs 29 billion (as of July 10, 2011). The company enjoys
Published 16 Jul, 2011 12:00am
UBL Funds announce payouts

UBL Funds announce payouts

UBL Fund Managers Limited announced payouts from its open-end funds for the period ended June 30, 2011. UBL Funds is a wholly owned subsidiary of United Bank Limited, and currently managing assets of Rs 29 billion (as of July 10, 2011). The company enjoys
Published 16 Jul, 2011 12:00am
UBL Funds announce payouts

UBL Funds announce payouts

UBL Fund Managers Limited announced payouts from its open-end funds for the period ended June 30, 2011. UBL Funds is a wholly owned subsidiary of United Bank Limited, and currently managing assets of Rs 29 billion (as of July 10, 2011). The company enjoys
Published 16 Jul, 2011 12:00am
UBL Funds announce payouts

UBL Funds announce payouts

UBL Fund Managers Limited announced payouts from its open-end funds for the period ended June 30, 2011. UBL Funds is a wholly owned subsidiary of United Bank Limited, and currently managing assets of Rs 29 billion (as of July 10, 2011). The company enjoys
Published 16 Jul, 2011 12:00am
US court upholds use of airport body scanners

US court upholds use of airport body scanners

A US appeals court on Friday upheld the use of full-body scanners to screen air travellers, but said the Transportation Security Administration should have sought public comment before deploying them. The US Court of Appeals for the District of Columbia C
Published 16 Jul, 2011 12:00am
US court upholds use of airport body scanners

US court upholds use of airport body scanners

A US appeals court on Friday upheld the use of full-body scanners to screen air travellers, but said the Transportation Security Administration should have sought public comment before deploying them. The US Court of Appeals for the District of Columbia C
Published 16 Jul, 2011 12:00am
US court rules against Agility in fraud case appeal

US court rules against Agility in fraud case appeal

A US appeals court has ruled against an attempt by Kuwaiti logistics firm Agility to avert prosecution over charges it defrauded the US Army in multibillion-dollar contracts. Agility was the largest supplier to the US Army in the Middle East during the wa
Published 16 Jul, 2011 12:00am
US court rules against Agility in fraud case appeal

US court rules against Agility in fraud case appeal

A US appeals court has ruled against an attempt by Kuwaiti logistics firm Agility to avert prosecution over charges it defrauded the US Army in multibillion-dollar contracts. Agility was the largest supplier to the US Army in the Middle East during the wa
Published 16 Jul, 2011 12:00am
Osama mulled anniversary attack team: report

Osama mulled anniversary attack team: report

Slain al Qaeda leader Osama bin Laden and a top lieutenant discussed the make-up of a team of militants to attack the United States on this year's 10th anniversary of 9/11, a report said Thursday. The Wall Street Journal, citing unnamed US officials, said
Published 16 Jul, 2011 12:00am
Osama mulled anniversary attack team: report

Osama mulled anniversary attack team: report

Slain al Qaeda leader Osama bin Laden and a top lieutenant discussed the make-up of a team of militants to attack the United States on this year's 10th anniversary of 9/11, a report said Thursday. The Wall Street Journal, citing unnamed US officials, said
Published 16 Jul, 2011 12:00am
President to visit Iran today

President to visit Iran today

President Asif Ali Zardari will visit Iran on Saturday to discuss expansion of bilateral relations and situation in the region including Afghanistan with the Iranian leadership. During his stay in Teheran, he will hold talks with Iranian supreme leader an
Published 16 Jul, 2011 12:00am
President to visit Iran today

President to visit Iran today

President Asif Ali Zardari will visit Iran on Saturday to discuss expansion of bilateral relations and situation in the region including Afghanistan with the Iranian leadership. During his stay in Teheran, he will hold talks with Iranian supreme leader an
Published 16 Jul, 2011 12:00am
Nespak team to undertake IP pipeline reconnaissance mission

Nespak team to undertake IP pipeline reconnaissance mission

Pakistan has mobilised experts from the National Engineering Services Pakistan (Nespak) to undertake a reconnaissance mission, preparatory to laying the Iran-Pakistan (IP) gas pipeline on Pakistan side of the border, Business Recorder has learnt.
Published 16 Jul, 2011 12:00am
Nespak team to undertake IP pipeline reconnaissance mission

Nespak team to undertake IP pipeline reconnaissance mission

Pakistan has mobilised experts from the National Engineering Services Pakistan (Nespak) to undertake a reconnaissance mission, preparatory to laying the Iran-Pakistan (IP) gas pipeline on Pakistan side of the border, Business Recorder has learnt.
Published 16 Jul, 2011 12:00am
Nespak team to undertake IP pipeline reconnaissance mission

Nespak team to undertake IP pipeline reconnaissance mission

Pakistan has mobilised experts from the National Engineering Services Pakistan (Nespak) to undertake a reconnaissance mission, preparatory to laying the Iran-Pakistan (IP) gas pipeline on Pakistan side of the border, Business Recorder has learnt.
Published 16 Jul, 2011 12:00am
Punjab Assembly Secretariat: resolution against homosexuality submitted

Punjab Assembly Secretariat: resolution against homosexuality submitted

Pakistan Muslim League-Quaid (PML-Q) party recently has submitted a resolution in Punjab Assembly Secretariat against promotion of homosexuality in the country. Punjab Assembly, MPA Amna Ulfat, in her resolution cited a recent function in US Embassy in Is
Published 16 Jul, 2011 12:00am
Senate body demands retaking of Shamsi airbase

Senate body demands retaking of Shamsi airbase

The United States has held back $500 million, out of $800 million counter-insurgency aid to Pakistan, as reaction to reduction in number of US trainers in the country, said Minister of State for Foreign Affairs Hina Rabbani Khar, and expressed hope that t
Published 16 Jul, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 16 Jul, 2011 12:00am
Karachi gateway to Pakistan, says chief minister Punjab

Karachi gateway to Pakistan, says chief minister Punjab

Punjab Chief Minister, Shahbaz Sharif said here Friday that whether he remained in power or not, people would catch hold of those attempting to abandon the welfare projects and added, "Karachi is the gateway to Pakistan and a 'jhoomer' of its forehead, he
Published 16 Jul, 2011 12:00am
Abduction of married woman: police arrest SHO Sattu Katla

Abduction of married woman: police arrest SHO Sattu Katla

Police arrested former SHO Sattu Katla police station, Ghulam Dastagir who abducted a married woman and married her forcibly after Lahore High Court dismissed his interim pre arrest bail. Dastagir's counsel including Advocate Rai Bashir and others resiste
Published 16 Jul, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Jul, 2011 12:00am
CJP to witness roll signing ceremony today

CJP to witness roll signing ceremony today

Chief Justice of Pakistan, Iftikhar Muhammad Chaudhry on Saturday will witness 17th roll signing ceremony of the newly enrolled advocates of the Supreme Court. The ceremony will be held at the Supreme Court building at 11:00am, which would be attended by
Published 16 Jul, 2011 12:00am
Heavy rain predicted over upper parts of Punjab today

Heavy rain predicted over upper parts of Punjab today

Met Office warned about Heavy to Very Heavy Monsoon Rainfall in the following areas of Upper Punjab today (Saturday) Sargodha division (Mianwali, Sargodha and Khushab districts), Faisalabad division (Chineot, Faisalabad and Jhang districts). Gujranwala di
Published 16 Jul, 2011 12:00am
Standing Committee defers perusal on OGDC Bill 2009

Standing Committee defers perusal on OGDC Bill 2009

A meeting of the Standing Committee on Cabinet was held on Friday at the Parliament House to consider Oil and Gas Regulatory Authority (Amendment) Bill 2009 and the regulation of Generation Transmission and Distribution of Electric Power (Amendment) Bill
Published 16 Jul, 2011 12:00am
Cost of war on terror: big mismatch in Pakistan and US figures

Cost of war on terror: big mismatch in Pakistan and US figures

The annual cost of war on terror has risen manifold. It stood at $17 billion at the end of 2010, according to figures released by a think tank called South Asian Strategy Stability Institute (Sassi). Sharing the findings of the research work on US assista
Published 16 Jul, 2011 12:00am
India conveys view on collection of anti-dumping duty

India conveys view on collection of anti-dumping duty

Indian tax authorities have conveyed to the domestic and foreign investors that the definitive/final anti-dumping duty can be collected beyond the stipulated period only when a notification extending the levy has been issued before the expiry of the paren
Published 16 Jul, 2011 12:00am
Audit Report 2010-11: Rs 14.67 billion embezzlement detected in CAA

Audit Report 2010-11: Rs 14.67 billion embezzlement detected in CAA

The Auditor General of Pakistan (AGP) has detected massive irregularities, embezzlement, losses and mismanagement worth Rs 14.67 billion in Civil Aviation Authority. According to Audit Report 2010-11, the national kitty faced loss of Rs 3.32 billion due t
Published 16 Jul, 2011 12:00am
Revenue Alliance workers body calls off strike

Revenue Alliance workers body calls off strike

Following successful meeting between the Union Central President Mian Abdul Qayyum with Chief Management FBR, Haroon Khan Tareen here Friday, Federal Revenue Alliance Employees Union has called off strike against freezing of 'special pay allowance'.
Published 16 Jul, 2011 12:00am
CCP clarification

CCP clarification

The Competition Commission of Pakistan and Business Recorder enjoy long standing relationship based on a shared agenda of promoting the rule of law in Pakistan. Business Recorder has always been supportive of the Commission's efforts to enfo
Published 16 Jul, 2011 12:00am
Punjab to undertake legislation on skilled women soon

Punjab to undertake legislation on skilled women soon

Punjab Finance Minister Kamran Michael has said that the Punjab government will soon undertake legislation for ensuring protection, wages and medical allowance for skilled women workers. He was addressing one-day exhibition of home-based women workers fro
Published 16 Jul, 2011 12:00am
Qureshi for steps to overcome food scarcity

Qureshi for steps to overcome food scarcity

Former Foreign Minister and Farmers Association of Pakistan Chairman, Shah Mahmood Qureshi has said that food scarcity is a major issue being faced by the country and urged the government to increase agriculture productivity. He was addressing a seminar o
Published 16 Jul, 2011 12:00am
LHC issues notices to Pepco official, SHO

LHC issues notices to Pepco official, SHO

The Lahore High Court here on Friday issued notices for July 18 to Station House Officer Old Anarkali police station and legal advisor of Pakistan Electric Power Company (Pepco) in a petition praying to get the FIR registered against owner of a rental pow
Published 16 Jul, 2011 12:00am
THE RUPEE: dollar crosses Rs 86 mark

THE RUPEE: dollar crosses Rs 86 mark

Increasing demand for dollars by importers, pushed the rupee lower on the currency market on Friday, dealers said. The rupee shed five paisa in relation to dollar for buying at 85.98 and it also slipped by seven paisa for selling at 86.02 in process of tr
Published 16 Jul, 2011 12:00am
UNHCR informed of Afghan DPs' unchecked movement

UNHCR informed of Afghan DPs' unchecked movement

Federal Minister for Interior, Rehman Malik on Friday expressed concern over unchecked movement of Afghan refugees across the border, saying that they are going to Afghanistan without checking and registration, which is grave violation of UNHCR rules.
Published 16 Jul, 2011 12:00am
THE RUPEE: dollar crosses Rs 86 mark

THE RUPEE: dollar crosses Rs 86 mark

Increasing demand for dollars by importers, pushed the rupee lower on the currency market on Friday, dealers said. The rupee shed five paisa in relation to dollar for buying at 85.98 and it also slipped by seven paisa for selling at 86.02 in process of tr
Published 16 Jul, 2011 12:00am
PU slams IJT's role in entry tests

PU slams IJT's role in entry tests

The spokesman for University of Punjab has said that neither Islami Jamiat Talaba (IJT) can guide nor is capable of guiding the students seeking admissions in the university as they are political activists only. He further said that these activists neithe
Published 16 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am
Kardar's crucial innings comes to early end

Kardar's crucial innings comes to early end

It is profoundly regrettable that the State Bank has lost three Governors in three years despite the fact that the Governor is appointed for a specified period and can only be removed under extraordinary circumstances. Although, her entitlement allowed he
Published 16 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am
The only option

The only option

Reacting to the stepped-up international campaign to malign Pakistan's nuclear programme, the National Command Authority (NCA) met on Thursday and announced in most unequivocal terms the country's determination to maintain Credible Minimum Deterrence (CMD
Published 16 Jul, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am
The economic-social divide

The economic-social divide

Pakistan is in the throes of a massive change as the social contract in and between various groups needs to be redefined. The issues are more complicated, because of the interference from the west and especially international agencies like the IMF and the
Published 16 Jul, 2011 12:00am
Bangkok in search of a slogan

Bangkok in search of a slogan

A population of 10 million, ancient temples, modern skyscrapers, squalid slums, expensive boutiques, traffic to drive anyone crazy - that sums up Bangkok in a sentence. But the city is running a competition to find a slogan for the Thai capital, and such
Published 16 Jul, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am
Space pioneer John Glenn: Still the right stuff at age 90

Space pioneer John Glenn: Still the right stuff at age 90

One can hardly hope to achieve in a lifetime more than John Glenn has: a legend among astronauts, a top politician and still very fit as he turns 90 on Monday. He became famous in 1962 as the first American in orbit. He again made headlines 36 years later
Published 16 Jul, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (July 15, 2011) and for Saturday (July 16, 2011).
Published 16 Jul, 2011 12:00am
Kardar's resignation

Kardar's resignation

A lot is being written and said in the media over the reported resignation of State Bank Governor, Shahid H Kardar.
Published 16 Jul, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am
Pakistan and Sri Lanka ties based on mutual trust: Naek

Pakistan and Sri Lanka ties based on mutual trust: Naek

Senate Chairman Farooq Naek said on Friday that Pakistan greatly values its relations with Sri Lanka, based on mutual trust and shared interests in maintaining regional peace, security and stability.. He was talking to the visiting External Affairs Minist
Published 16 Jul, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on July 12, 2011.

Published 16 Jul, 2011 12:00am
'Work under way to generate 20,000 megawatts of electricity'

'Work under way to generate 20,000 megawatts of electricity'

Minister for Religious Affairs, Syed Khursheed Shah has said that the government has initiated work on various projects having the capacity to generate 20,000mw electricity. Addressing the participants of Izhar-e-Tashakur ceremony arranged by the reinstat
Published 16 Jul, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on July 12, 2011.

Published 16 Jul, 2011 12:00am
Pakistan and Sri Lanka to have talks on CEPA in August

Pakistan and Sri Lanka to have talks on CEPA in August

Pakistan and Sri Lanka are two important countries in South Asia and they look forward to strengthen their relations, said Prime Minister Syed Yousuf Raza Gilani during a meeting with Foreign Minister of Sri Lanka, G.L. Peiris, here on Friday. The prime m
Published 16 Jul, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on July 12, 2011.

Published 16 Jul, 2011 12:00am
President for enhanced Pakistan, Sri Lanka economic ties

President for enhanced Pakistan, Sri Lanka economic ties

Foreign Minister of Sri Lanka Professor Gamini Lakshman Peiris called on President Asif Ali Zardari at Aiwan-e-Sadr on Friday. Pak-Sri Lankan bilateral relations, mutual co-operation with special reference to that of trade and other related matters were d
Published 16 Jul, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 16 Jul, 2011 12:00am
Fata Annual Development Programme approved

Fata Annual Development Programme approved

Fata Annual Development Programme (ADP) for fiscal year 2011-12, worth Rs 15 billion, approved here on Friday. The formal approval was given in a meeting held here Governor Khyber Pakhtunkhwa in chair. The elected representatives from Fata, high officials
Published 16 Jul, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 16 Jul, 2011 12:00am
Hina Rabbani meets Sri Lankan minister

Hina Rabbani meets Sri Lankan minister

Sri Lankan Minister for External Affairs, Professor G.L. Peiris met the Minister of State for Foreign Affairs, Hina Rabbani Khar, here on Friday. The minister of state expressed satisfaction at the successful holding of the 10th Session of the Pakistan-Sr
Published 16 Jul, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am
China's DEC delegation calls on President

China's DEC delegation calls on President

A Chinese delegation headed by Chairman Dongfang Electric Corporation (DEC) called on President Asif Ali Zardari at Aiwan-e-Sadr on Friday. The delegation comprised Chairman DEC Si Zefu, Vice President Han Ziqiao, Zhang Guorong, VP International, Li Hong,
Published 16 Jul, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (July 15, 2011).

Published 16 Jul, 2011 12:00am
Cathay Pacific registers increase in passengers' number

Cathay Pacific registers increase in passengers' number

Cathay Pacific Airways has released combined Cathay Pacific and Dragonair traffic figures for June 2011 that show a year-on-year increase in passenger number alongside a drop in the amount of cargo and mail carried. Cathay Pacific and Dragonair carried a
Published 16 Jul, 2011 12:00am
The Weather

The Weather

The weather report on Friday (July 15, 2011) and the forecast for Saturday (July 16, 2011).

Published 16 Jul, 2011 12:00am
KESC employees stage sit-in protest

KESC employees stage sit-in protest

Talks between lay off workers of Karachi Electric Supply Company (KESC) and acting Governor Sindh Nisar Khukro on Friday proved unsuccessful which led them to stage sit-in at Fawara Chowk near Governor House Sindh, demanding removal of surplus sacking of
Published 16 Jul, 2011 12:00am
Launching of 'My Life's Journey' by Altaf Hussain today

Launching of 'My Life's Journey' by Altaf Hussain today

The book "My Life's Journey" containing autobiographical account of the founder and leader of Muttahida Qaumi Movement (MQM) Altaf Hussain will be launched on Saturday (today). My Life's Journey is the English translation of the book by the name "Safar-e-
Published 16 Jul, 2011 12:00am
CIIT launches MS programme in Entrepreneurship

CIIT launches MS programme in Entrepreneurship

Keeping in mind Comsats Institute of Information Technology's (CIIT) mission of imparting quality education in Pakistan and its desire to contribute in the development and prosperity of Pakistan to the maximum extent, the Department of Management Sciences
Published 16 Jul, 2011 12:00am
Transfers and postings

Transfers and postings

Punjab government on Friday carried transfer and posting of government officials. According to a notification, Muhammad Saleem Khan, District and Session Judge (awaiting posting), has been transferred and posted as Presiding Officer, Punjab Labour Court N
Published 16 Jul, 2011 12:00am
Drug peddler escapes from police custody

Drug peddler escapes from police custody

A drug peddler on Friday escaped from police custody on the way to City Court at Sir Syed police station remits. According to details, Sir Syed police arrested the drug peddler namely Faisal Munna Qureshi on late Thursday and seized 1 kg of hashish. DSP A
Published 16 Jul, 2011 12:00am
Etihad hits record 28 percent revenues in first half

Etihad hits record 28 percent revenues in first half

Etihad Airways on Friday reported its most successful first half year, with revenues up 28 percent to 1,720 million dollars (H1 2010: US $1,342 million), driven by solid performances in both passenger and cargo activities. A two percent reduction in costs
Published 16 Jul, 2011 12:00am
Etihad hits record 28 percent revenues in first half

Etihad hits record 28 percent revenues in first half

Etihad Airways on Friday reported its most successful first half year, with revenues up 28 percent to 1,720 million dollars (H1 2010: US $1,342 million), driven by solid performances in both passenger and cargo activities. A two percent reduction in costs
Published 16 Jul, 2011 12:00am
PFMA reduces flour price by Rs 1.60 per kg

PFMA reduces flour price by Rs 1.60 per kg

Pakistan Flour Mills Association (PFMA) has reduced the price of Atta by Rs 1.60 per kg. Talking to Business Recorder, Chairman Korangi Association of Trade and Industry and former chairman PFMA, Syed Johar Ali Qandhari said that the association has decid
Published 16 Jul, 2011 12:00am
Industrial activities resume in Karachi

Industrial activities resume in Karachi

Industrial activities in five industrial estates of the city resumed on Friday, which had come to a halt on Thursday due to the violent protest by supporters of Muttahida Qaumi Movement (MQM) against the statement of Sindh senior minister Zulfiqar Mirza.
Published 16 Jul, 2011 12:00am
Ban on pillion riding goes

Ban on pillion riding goes

Sindh government on Friday lifted ban on pillion riding in Karachi while interdicting the sales and purchase of firecrackers ahead of Shab-e-Baraat. According to a notification issued by the Home Department here, the ban on pillion riding has been lifted
Published 16 Jul, 2011 12:00am
SU announcement

SU announcement

The University of Sindh has announced the schedule for annual examination 2009 of B.Ed and M.Ed non-formal programme. According to a notification issued by the Controller of Examinations, Muhammad Nawaz Narejo, annual examination of B.Ed and M.Ed non-form
Published 16 Jul, 2011 12:00am
Markets and trade: traders worried about fragile peace in city

Markets and trade: traders worried about fragile peace in city

Despite the city on Friday embraced greater normalcy, yet the traders' worries about the fragile peace and political uncertainties remained largely high, saying that they were under severe pressure to continue businesses in spontaneous violence.
Published 16 Jul, 2011 12:00am
KWSB employee's whereabouts: SHC orders submission of progress report

KWSB employee's whereabouts: SHC orders submission of progress report

Sindh High Court on Friday directed Additional Secretary (Administration) of Sindh Home Department to submit progress report on whereabouts of Karachi Water & Sewerage Board employee missing since January 2011. His wife, Ms Beena Khalid, moved SHC to seek
Published 16 Jul, 2011 12:00am
Strict security steps ordered for Shab-e-Baraat

Strict security steps ordered for Shab-e-Baraat

Home Minister Sindh Manzoor Hussain Wassan has ordered law enforcement agencies (LEAs) to take extraordinary security measures for the forthcoming Shab-e-Baraat, according to a handout issued on Friday. Wassan directed LEAs to take special security measur
Published 16 Jul, 2011 12:00am
Capital police hold flag march

Capital police hold flag march

Capital Police on Friday held a flag march in Islamabad in a bid to show determination of the force to maintain law and order situation. The flag march was led by Shakir Ahmed Shahid, Superintendent of Police (SP) Secretariat and all wings of Capital poli
Published 16 Jul, 2011 12:00am
Correction

Correction

In Business Recorder issue of July 13, 2011, a news item was appeared on Page-11, column 2: "SRB team visit OICCI to discuss Sindh Sales Tax Act, 2011." In the top para of the following news item it was stated that "........whereas it was receiving
Published 16 Jul, 2011 12:00am
NADRA exempts senior citizens from renewal of CNICs

NADRA exempts senior citizens from renewal of CNICs

Senior Citizens, who reached the age of 65 have been exempted from renewal of their computerised national identity cards (CNICs) by National Database and Registration Authority (NADRA) even if there cards have been expired.
Published 16 Jul, 2011 12:00am
158 Kashmiris cross sides at LoC

158 Kashmiris cross sides at LoC

As many as 158 persons belonging to the divided families of Jammu & Kashmir crossed sides through the weekly trans-LoC peace bus, operating between Muzaffarabad and Indian Occupied Srinagar, official sources said. The sources told APP, here Friday, that 6
Published 16 Jul, 2011 12:00am
Zardari urged to intervene in lowering interest rates

Zardari urged to intervene in lowering interest rates

The All Pakistan Textile Mills Association (Aptma) has requested President Asif Ali Zardari to intervene to bring interest rates down for the industry, it is learnt. The President was apprised in a meeting on Thursday night in the Presidency that the coun
Published 16 Jul, 2011 12:00am
Indo-Pak Group condemns Mumbai blasts

Indo-Pak Group condemns Mumbai blasts

In a joint statement issued by the heads of the Indo-Pak Track Two Dialogue Group, President of the Jinnah Institute, Sherry Rehman and Amitabh Mattoo of the AII, condemned the triple blasts that ripped through Mumbai on July 13, killing 21 innocent peopl
Published 16 Jul, 2011 12:00am
Media houses asked to provide training, safety gadgets to journalists

Media houses asked to provide training, safety gadgets to journalists

Journalists have asked the government and media houses to provide the journalists proper training and safety equipment before sending them in conflict zones as Pakistan has become a dangerous place for news reporting, especially after mushroom growth of e
Published 16 Jul, 2011 12:00am
Swat Valley: hospitals lack basic health facilities for patients

Swat Valley: hospitals lack basic health facilities for patients

Patients in the Swat valley lack basic health facilities despite tall claims of the government. There is dearth of doctors and drugs at the hospitals in the valley. The patients start coming to hospitals with the break of dawn from the adjacent areas of t
Published 16 Jul, 2011 12:00am
FBISE announces SSC Pt-I exam results

FBISE announces SSC Pt-I exam results

Federal Board of Intermediate and Secondary Education (FBISE) announced on Friday Secondary School Certificate (SSC) Part-I examination results with a pass percentage of 63.28 per cent. According to the notification issued by the FBISE, 21 cases of unfair
Published 16 Jul, 2011 12:00am
Irrigation Department fails to remove 'Zamindari Bunds'

Irrigation Department fails to remove 'Zamindari Bunds'

Sindh Irrigation department failed to remove illegally-made "Zamindari Bunds" from Kacha areas of both right and left banks of Indus River, reliable sources disclosed to Business Recorder. Zamindari Bunds, the dykes, had been made illegally by very
Published 16 Jul, 2011 12:00am
Government determined in its fight against terrorism: Prime Minister

Government determined in its fight against terrorism: Prime Minister

Prime Minister Syed Yousuf Raza Gilani while commiserating with MNA, Engr. Amir Muqam on the loss of innocent lives in a suicide attack just before the start of his julsa, said that these cowardly acts would not stop government from eradicating terrorists
Published 16 Jul, 2011 12:00am
PTCL clarification

PTCL clarification

Pakistan Telecommunication Company Limted (PTCL) has strongly rebutted a news item published in a section of press alleging involvement of two senior PTCL officials in so-called attempts to unseat the federal secretary information technology. In a stateme
Published 16 Jul, 2011 12:00am
Levy of GST: BKOA Khyber Pakhtunkhwa threatens to go on strike

Levy of GST: BKOA Khyber Pakhtunkhwa threatens to go on strike

Brick Kiln Owners Association (BKOA), Khyber Pakhtunkhwa has threatened to go on strike from Ist Ramadan if government fails to withdraw levy of 16 percent General Sale Tax (GST). The government has again imposed tax on the brick kiln industry after 15 ye
Published 16 Jul, 2011 12:00am
LCWU vice chancellor pledges to upgrade university's status

LCWU vice chancellor pledges to upgrade university's status

New Vice Chancellor Lahore College for Women University (LCWU), Lahore Dr Sabiha Mansoor has expressed her determination to upgrade LCWU to be listed among world's top 500 universities. Chairing her first meeting of Heads of Departments (HoDs) on Friday,
Published 16 Jul, 2011 12:00am
Sialkot facing 18-hour unscheduled loadshedding: SCCI

Sialkot facing 18-hour unscheduled loadshedding: SCCI

The President of Sialkot Chamber of Commerce and Industry (SCCI), Ghulam Mustafa, in a press statement has expressed great concern over the unscheduled load shedding of 15 to 18 hours in Sialkot. He said that closure of industrial feeders for 15 to 18 hou
Published 16 Jul, 2011 12:00am
Politicians urged to play role for peace, harmony

Politicians urged to play role for peace, harmony

The business community has urged the politicians to play their due role for peace and harmony in the country, as the ongoing political uncertainty is causing undue damage to Pakistan abroad.
Published 16 Jul, 2011 12:00am
Officials directed to retrieve livestock land

Officials directed to retrieve livestock land

Minister for Livestock and Agriculture, Malik Ahmed Ali Aulakh has directed the officers of Livestock and Dairy Development to step forward for retrieval of livestock farmland from illegal occupants and for this purpose, district government be approached
Published 16 Jul, 2011 12:00am
Smeda and German company ink MoU

Smeda and German company ink MoU

Small and Medium Enterprises Development Authority (Smeda) and International Division of German Federal Ministry for Economic Co-operation and Development (bfz gGmbH) have signed a memorandum of understanding to co-operate in the area of Industrial Energy
Published 16 Jul, 2011 12:00am
Shifting of fruit market: authorities issued notice for September 8

Shifting of fruit market: authorities issued notice for September 8

Lahore High Court here Friday issued notices for September 8 to Commissioner Lahore, District Co-ordination Officer, TMO Gulberg and Model Town Superintendent of Police in a contempt petition filed by the traders of Kot Lakhpat fruit and vegetable market.
Published 16 Jul, 2011 12:00am
Ginners say spinners not making Payment

Ginners say spinners not making Payment

The Pakistan Cotton Ginners Association's Executive Committee member Ehsan-ul-Haq has said that many textile (spinning and weaving) mills owners had purchased huge stocks of cotton during last four months on three month deferred payment when the prices of
Published 16 Jul, 2011 12:00am
'Fertiliser manufacturing companies fleecing masses'

'Fertiliser manufacturing companies fleecing masses'

Agri Forum Pakistan Chairman, Muhammad Ibrahim Mughal has claimed that the fertiliser manufacturing companies have increased the price of urea by rupees 140 per bag, which will put an additional burden of Rs 18 billion on the farming sector.
Published 16 Jul, 2011 12:00am
Punjab government criticised for its action against traders

Punjab government criticised for its action against traders

PML-Q leader and senior federal minister Chaudhry Pervaiz Elahi has criticised Punjab government for brutal operation against traders to shift fruit market in the city. He was talking to a delegation of traders from the Kot Lakhpat fruit market. Haji Muha
Published 16 Jul, 2011 12:00am
Polio campaign in Punjab from September 18

Polio campaign in Punjab from September 18

Like other parts of the country, a three-day national immunisation campaign against polio would be launched across the Punjab province from July 18 to 20. During the campaign, more than 16 million children up to five years of age would be administered pol
Published 16 Jul, 2011 12:00am
Power situation improves

Power situation improves

Power situation improved marginally Friday with increase in thermal generation, reducing the shortfall to 5166MW against 5825MW a day earlier. The thermal generation stood at 1816MW against 1712MW that improved the power situation marginally. Still, power
Published 16 Jul, 2011 12:00am
Ramzaan Bazaars: people to get items on concessionary rates

Ramzaan Bazaars: people to get items on concessionary rates

On the instructions of Punjab Chief Minister Muhammad Shahbaz Sharif, sugar, ghee, poultry and other commodities will be provided to the consumers on concessionary rates in Ramzaan Bazaars. This was stated by Member National Assembly Bilal Yaseen while pr
Published 16 Jul, 2011 12:00am
Wateen launches WiMAX services in Mandi Bahauddin

Wateen launches WiMAX services in Mandi Bahauddin

Wateen Telecom Ltd, Pakistan's leading telecommunications company, has now launched its WiMAX services in Mandi Bahauddin in collaboration with Universal Service Fund (USF). Wateen's WiMAX network is the largest in the country and the addition of Mandi Ba
Published 16 Jul, 2011 12:00am
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