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Archive - 2011-07-27
BN to import 50,000T of rice
Asia

BN to import 50,000T of rice

DHAKA : Bangladesh 's state grains buyer issued a tender on Wednesday to import 50,000 tonnes of non-basmati parboiled
Published 27 Jul, 2011 04:50pm
Shares in Chile's LAN sink
Financial

Shares in Chile's LAN sink

SANTIAGO : Shares in Chilean airline LAN, one of Latin America 's dominant carriers, fell sharply on Wednesday, a day a
Published 27 Jul, 2011 04:43pm
Moody's profit beats on bond issuance
Top News

Moody's profit beats on bond issuance

NEW YORK : Moody's Corp, owner of one of the three major debt-rating agencies, reported a 56 percent rise in second-quar
Published 27 Jul, 2011 04:03pm
Mexico economic activity expand in May
Top News

Mexico economic activity expand in May

MEXICO CITY : A pick-up in the industrial sector helped Mexico 's economic growth beat analysts' expectations in May.
Published 27 Jul, 2011 03:22pm
KSE timings during Ramazan
Markets

KSE timings during Ramazan

KARACHI : The trading of stocks at Karachi Stock Exchange (KSE) will continue from 9:15 a.m. to 2 p.m. under KATS fr
Published 27 Jul, 2011 12:45pm
Storm kills 25 in Philippines
Asia

Storm kills 25 in Philippines

MANILA : At least 25 people were killed and nine others went missing as a slow-moving tropical storm dumped enormous amo
Published 27 Jul, 2011 09:43am
Tokyo stocks down by noon
Financial

Tokyo stocks down by noon

TOKYO: Tokyo shares lost 0.56 percent Tuesday morning, paring earlier gains as a lack of progress on crucial US debt neg
Published 27 Jul, 2011 05:42am
MCB bigger and bolder
BR Research

MCB bigger and bolder

Capitalising on their reach and scale, big banks have become a star business for investors, as a high market share and attractive growth pro
Published 27 Jul, 2011 12:00am
HCARs rocky ride
BR Research

HCARs rocky ride

Its not an easy journey for a car manufacturer these days, especially those from Japan. The recent results of the first quarter of Honda Car
Published 27 Jul, 2011 12:00am
Auctioning of 3G licenses may be approved

Auctioning of 3G licenses may be approved

The Cabinet today (Wednesday) is likely to approve open auctioning of 3G licenses for upgradation of telecom services in the country by offering 20 MHz to 35 MHz frequency to the five telecom players in the market that would enable the government to gener
Published 27 Jul, 2011 12:00am
Index loses 30.43 points

Index loses 30.43 points

A bearish trend continued on the Karachi share market on Tuesday and the KSE-100 index lost 30.43 points to close at the level of 12,364.06 points. Throughout the session, the index oscillated between 12,458.43 points intra-day high and 12,343.08 points l
Published 27 Jul, 2011 12:00am
Index loses 30.43 points

Index loses 30.43 points

A bearish trend continued on the Karachi share market on Tuesday and the KSE-100 index lost 30.43 points to close at the level of 12,364.06 points. Throughout the session, the index oscillated between 12,458.43 points intra-day high and 12,343.08 points l
Published 27 Jul, 2011 12:00am
Index loses 30.43 points

Index loses 30.43 points

A bearish trend continued on the Karachi share market on Tuesday and the KSE-100 index lost 30.43 points to close at the level of 12,364.06 points. Throughout the session, the index oscillated between 12,458.43 points intra-day high and 12,343.08 points l
Published 27 Jul, 2011 12:00am
BRIndex30 up 12.64 points

BRIndex30 up 12.64 points

On Tuesday, the BRIndex30 opened at 8,844.51 points and remained in positive zone throughout the trading session. It touched the intra-day high of 8,919.55 points and low of 8,844.51 points and closed at 8,857.15 points with a net positive change of 12.64
Published 27 Jul, 2011 12:00am
BRIndex30 up 12.64 points

BRIndex30 up 12.64 points

On Tuesday, the BRIndex30 opened at 8,844.51 points and remained in positive zone throughout the trading session. It touched the intra-day high of 8,919.55 points and low of 8,844.51 points and closed at 8,857.15 points with a net positive change of 12.64
Published 27 Jul, 2011 12:00am
Morocco army plane crash kills 80; no survivors

Morocco army plane crash kills 80; no survivors

A military transport plane slammed into a mountainside in bad weather in southern Morocco on Tuesday, killing all 80 people on board, hospital and military sources said. The army said 78 people were killed on the spot and two rushed to hospital after the
Published 27 Jul, 2011 12:00am
Morocco army plane crash kills 80; no survivors

Morocco army plane crash kills 80; no survivors

A military transport plane slammed into a mountainside in bad weather in southern Morocco on Tuesday, killing all 80 people on board, hospital and military sources said. The army said 78 people were killed on the spot and two rushed to hospital after the
Published 27 Jul, 2011 12:00am
Saudi Arabia offers India crude to make up for Iran cut

Saudi Arabia offers India crude to make up for Iran cut

Saudi Arabia has agreed to sell three million barrels of extra crude oil to India to make up for a possible supply cut by Iran over billions of dollars in unpaid bills, a report said Tuesday. Saudi Aramco, the national oil firm of Saudi Arabia, will suppl
Published 27 Jul, 2011 12:00am
Saudi Arabia offers India crude to make up for Iran cut

Saudi Arabia offers India crude to make up for Iran cut

Saudi Arabia has agreed to sell three million barrels of extra crude oil to India to make up for a possible supply cut by Iran over billions of dollars in unpaid bills, a report said Tuesday. Saudi Aramco, the national oil firm of Saudi Arabia, will suppl
Published 27 Jul, 2011 12:00am
Saudi Arabia offers India crude to make up for Iran cut

Saudi Arabia offers India crude to make up for Iran cut

Saudi Arabia has agreed to sell three million barrels of extra crude oil to India to make up for a possible supply cut by Iran over billions of dollars in unpaid bills, a report said Tuesday. Saudi Aramco, the national oil firm of Saudi Arabia, will suppl
Published 27 Jul, 2011 12:00am
Government may amend NTC law in light of Supreme Court judgement

Government may amend NTC law in light of Supreme Court judgement

The federal government is likely to amend National Tariff Commission (NTC) Act, according to which powers of the Commission will be delegated to the members of the Commission that will be binding on all the stakeholders, official sources told Business
Published 27 Jul, 2011 12:00am
Government may amend NTC law in light of Supreme Court judgement

Government may amend NTC law in light of Supreme Court judgement

The federal government is likely to amend National Tariff Commission (NTC) Act, according to which powers of the Commission will be delegated to the members of the Commission that will be binding on all the stakeholders, official sources told Business
Published 27 Jul, 2011 12:00am
Government may amend NTC law in light of Supreme Court judgement

Government may amend NTC law in light of Supreme Court judgement

The federal government is likely to amend National Tariff Commission (NTC) Act, according to which powers of the Commission will be delegated to the members of the Commission that will be binding on all the stakeholders, official sources told Business
Published 27 Jul, 2011 12:00am
Banks again miss agriculture credit target by Rs seven billion

Banks again miss agriculture credit target by Rs seven billion

Commercial and specialised banks again missed indicative agriculture credit disbursement target of Rs 270 billion for the fiscal year 2010-11 by Rs 7 billion, mainly due to slow economic activity and floods in the country. Banks have been missing indicati
Published 27 Jul, 2011 12:00am
Banks again miss agriculture credit target by Rs seven billion

Banks again miss agriculture credit target by Rs seven billion

Commercial and specialised banks again missed indicative agriculture credit disbursement target of Rs 270 billion for the fiscal year 2010-11 by Rs 7 billion, mainly due to slow economic activity and floods in the country. Banks have been missing indicati
Published 27 Jul, 2011 12:00am
Banks again miss agriculture credit target by Rs seven billion

Banks again miss agriculture credit target by Rs seven billion

Commercial and specialised banks again missed indicative agriculture credit disbursement target of Rs 270 billion for the fiscal year 2010-11 by Rs 7 billion, mainly due to slow economic activity and floods in the country. Banks have been missing indicati
Published 27 Jul, 2011 12:00am
Hina meets the Mirwaiz, Geelani ahead of key talks

Hina meets the Mirwaiz, Geelani ahead of key talks

Foreign Minister Hina Rabbani Khar on Tuesday assured Chairman Hurriyat Conference Mirwaiz Omar Farooq of Pakistan's support on Kashmir issue. Foreign Minister Hina Rabbani Khar met Mirwaiz Omar Farooq at Pakistan High Commission here on Tuesday.
Published 27 Jul, 2011 12:00am
Hina meets the Mirwaiz, Geelani ahead of key talks

Hina meets the Mirwaiz, Geelani ahead of key talks

Foreign Minister Hina Rabbani Khar on Tuesday assured Chairman Hurriyat Conference Mirwaiz Omar Farooq of Pakistan's support on Kashmir issue. Foreign Minister Hina Rabbani Khar met Mirwaiz Omar Farooq at Pakistan High Commission here on Tuesday.
Published 27 Jul, 2011 12:00am
Breakthrough expected?

Breakthrough expected?

High-level Indian and Pakistani officials held talks Tuesday against the backdrop of a recent terror attack that killed 20 people in India's financial capital. The foreign secretaries' meeting, just five months after the nations resumed bilateral discussi
Published 27 Jul, 2011 12:00am
Breakthrough expected?

Breakthrough expected?

High-level Indian and Pakistani officials held talks Tuesday against the backdrop of a recent terror attack that killed 20 people in India's financial capital. The foreign secretaries' meeting, just five months after the nations resumed bilateral discussi
Published 27 Jul, 2011 12:00am
Leadership taken on board: Gilani

Leadership taken on board: Gilani

Prime Minister Syed Yousuf Raza Gilani Tuesday said that the leadership of all political forces in the country had been taken into confidence on the dialogue process with India. "I personally called up PML-N Chief Nawaz Sharif, PML-Q Chief Chaudhry Shujaa
Published 27 Jul, 2011 12:00am
Leadership taken on board: Gilani

Leadership taken on board: Gilani

Prime Minister Syed Yousuf Raza Gilani Tuesday said that the leadership of all political forces in the country had been taken into confidence on the dialogue process with India. "I personally called up PML-N Chief Nawaz Sharif, PML-Q Chief Chaudhry Shujaa
Published 27 Jul, 2011 12:00am
TDAP and ITOP to sign MoU

TDAP and ITOP to sign MoU

The Trade Development Authority of Pakistan (TDAP) will sign a Memorandum of Understanding (MoU) with India Trade Promotion Organisation (ITPO) to promote bilateral trade, official sources told Business Recorder. Pakistan and India held 5th round o
Published 27 Jul, 2011 12:00am
TDAP and ITOP to sign MoU

TDAP and ITOP to sign MoU

The Trade Development Authority of Pakistan (TDAP) will sign a Memorandum of Understanding (MoU) with India Trade Promotion Organisation (ITPO) to promote bilateral trade, official sources told Business Recorder. Pakistan and India held 5th round o
Published 27 Jul, 2011 12:00am
TDAP and ITOP to sign MoU

TDAP and ITOP to sign MoU

The Trade Development Authority of Pakistan (TDAP) will sign a Memorandum of Understanding (MoU) with India Trade Promotion Organisation (ITPO) to promote bilateral trade, official sources told Business Recorder. Pakistan and India held 5th round o
Published 27 Jul, 2011 12:00am
Rs 1,590 billion gross figure released mistakenly: FBR

Rs 1,590 billion gross figure released mistakenly: FBR

The Federal Board of Revenue Member Strategic Planning and Statistics, Mahmood Alam has admitted before the Public Accounts Committee that the FBR has mistakenly reported gross revenue collection figure of Rs 1,590 billion on June 30, 2011 instead of actu
Published 27 Jul, 2011 12:00am
Rs 1,590 billion gross figure released mistakenly: FBR

Rs 1,590 billion gross figure released mistakenly: FBR

The Federal Board of Revenue Member Strategic Planning and Statistics, Mahmood Alam has admitted before the Public Accounts Committee that the FBR has mistakenly reported gross revenue collection figure of Rs 1,590 billion on June 30, 2011 instead of actu
Published 27 Jul, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 27 Jul, 2011 12:00am
Rs 1,590 billion gross figure released mistakenly: FBR

Rs 1,590 billion gross figure released mistakenly: FBR

The Federal Board of Revenue Member Strategic Planning and Statistics, Mahmood Alam has admitted before the Public Accounts Committee that the FBR has mistakenly reported gross revenue collection figure of Rs 1,590 billion on June 30, 2011 instead of actu
Published 27 Jul, 2011 12:00am
House bill targets aid to Pakistan

House bill targets aid to Pakistan

Republicans in the House of Representatives have presented a foreign aid bill that restricts US taxpayer dollars to Pakistan if it should refuse to cooperate in the US effort against terrorist threats. The legislation released Tuesday also would ban givin
Published 27 Jul, 2011 12:00am
House bill targets aid to Pakistan

House bill targets aid to Pakistan

Republicans in the House of Representatives have presented a foreign aid bill that restricts US taxpayer dollars to Pakistan if it should refuse to cooperate in the US effort against terrorist threats. The legislation released Tuesday also would ban givin
Published 27 Jul, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 27 Jul, 2011 12:00am
House bill targets aid to Pakistan

House bill targets aid to Pakistan

Republicans in the House of Representatives have presented a foreign aid bill that restricts US taxpayer dollars to Pakistan if it should refuse to cooperate in the US effort against terrorist threats. The legislation released Tuesday also would ban givin
Published 27 Jul, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Jul, 2011 12:00am
Chaudhry Majeed takes oath as 11th AJK Prime Minister

Chaudhry Majeed takes oath as 11th AJK Prime Minister

President Pakistan People's Party AJK and Senior Parliamentarian Chaudhry Abdul Majeed took oath as 11th Prime Minister of The Azad Government of The State of Azad Jammu Kashmir here on Tuesday at a ceremony held on the premises of the Legislative Assembl
Published 27 Jul, 2011 12:00am
Board meetings in progress

Board meetings in progress

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

Published 27 Jul, 2011 12:00am
Chaudhry Majeed takes oath as 11th AJK Prime Minister

Chaudhry Majeed takes oath as 11th AJK Prime Minister

President Pakistan People's Party AJK and Senior Parliamentarian Chaudhry Abdul Majeed took oath as 11th Prime Minister of The Azad Government of The State of Azad Jammu Kashmir here on Tuesday at a ceremony held on the premises of the Legislative Assembl
Published 27 Jul, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Jul, 2011 12:00am
MCB Bank registers remarkable performance

MCB Bank registers remarkable performance

MCB Bank has registered remarkable financial performance in the half year ended June 30, 2011 as its profit before and after tax increased to rupees 16.162 billion and Rs 10.571 billion respectively, increasing by 32 percent and 33 percent over the corres
Published 27 Jul, 2011 12:00am
MCB Bank registers remarkable performance

MCB Bank registers remarkable performance

MCB Bank has registered remarkable financial performance in the half year ended June 30, 2011 as its profit before and after tax increased to rupees 16.162 billion and Rs 10.571 billion respectively, increasing by 32 percent and 33 percent over the corres
Published 27 Jul, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (July 26, 2011).

Published 27 Jul, 2011 12:00am
MCB Bank registers remarkable performance

MCB Bank registers remarkable performance

MCB Bank has registered remarkable financial performance in the half year ended June 30, 2011 as its profit before and after tax increased to rupees 16.162 billion and Rs 10.571 billion respectively, increasing by 32 percent and 33 percent over the corres
Published 27 Jul, 2011 12:00am
MCB Bank registers remarkable performance

MCB Bank registers remarkable performance

MCB Bank has registered remarkable financial performance in the half year ended June 30, 2011 as its profit before and after tax increased to rupees 16.162 billion and Rs 10.571 billion respectively, increasing by 32 percent and 33 percent over the corres
Published 27 Jul, 2011 12:00am
Karzai outlines 'conditions' for future US ties

Karzai outlines 'conditions' for future US ties

Afghan President Hamid Karzai on Tuesday outlined conditions governing negotiations for a future strategic partnership with the United States as he met defence chiefs at his palace. The new US ambassador in Kabul, Ryan Crocker, has said the US has no inte
Published 27 Jul, 2011 12:00am
Karzai outlines 'conditions' for future US ties

Karzai outlines 'conditions' for future US ties

Afghan President Hamid Karzai on Tuesday outlined conditions governing negotiations for a future strategic partnership with the United States as he met defence chiefs at his palace. The new US ambassador in Kabul, Ryan Crocker, has said the US has no inte
Published 27 Jul, 2011 12:00am
THE RUPEE: all-round fall

THE RUPEE: all-round fall

Persisting demand for dollars pushed the rupee down on the currency market on Tuesday in process of trading, dealers said. The rupee extended its decline, falling by four paisa for buying at 86.38 and shed five paisa for selling at 86.42, they said.
Published 27 Jul, 2011 12:00am
THE RUPEE: all-round fall

THE RUPEE: all-round fall

Persisting demand for dollars pushed the rupee down on the currency market on Tuesday in process of trading, dealers said. The rupee extended its decline, falling by four paisa for buying at 86.38 and shed five paisa for selling at 86.42, they said.
Published 27 Jul, 2011 12:00am
Taliban make bonfire of 'un-Islamic' cloth

Taliban make bonfire of 'un-Islamic' cloth

A Taliban group on Tuesday burned a huge quantity of cloth taken from shopkeepers, saying it was too thin to be made into suitably modest garments, officials said. Taliban stormed shops in Wana and made a bonfire of the cloth in a public area near the baz
Published 27 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 27 Jul, 2011 12:00am
Taliban make bonfire of 'un-Islamic' cloth

Taliban make bonfire of 'un-Islamic' cloth

A Taliban group on Tuesday burned a huge quantity of cloth taken from shopkeepers, saying it was too thin to be made into suitably modest garments, officials said. Taliban stormed shops in Wana and made a bonfire of the cloth in a public area near the baz
Published 27 Jul, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 27 Jul, 2011 12:00am
Dempsey pledge to press Pakistan

Dempsey pledge to press Pakistan

The nominee to be the next chief unformed officer of the US military pledged on Tuesday to press Pakistan to rein in extremists, saying that the war partner falsely considered India to be its top enemy. General Martin Dempsey, answering questions from sen
Published 27 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 Tuesday (July 26, 2011).

Published 27 Jul, 2011 12:00am
Dempsey pledge to press Pakistan

Dempsey pledge to press Pakistan

The nominee to be the next chief unformed officer of the US military pledged on Tuesday to press Pakistan to rein in extremists, saying that the war partner falsely considered India to be its top enemy. General Martin Dempsey, answering questions from sen
Published 27 Jul, 2011 12:00am
Khushnood given additional charge

Khushnood given additional charge

Khushnood Ali Lashari, Principal Secretary to the prime minister, has been assigned additional charge of Secretary Establishment Division, it was learnt.
Published 27 Jul, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

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

Published 27 Jul, 2011 12:00am
Khushnood given additional charge

Khushnood given additional charge

Khushnood Ali Lashari, Principal Secretary to the prime minister, has been assigned additional charge of Secretary Establishment Division, it was learnt.
Published 27 Jul, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (July 26, 2011) and for Wednesday (July 27, 2011).
Published 27 Jul, 2011 12:00am
Union-KESC management dispute resolved

Union-KESC management dispute resolved

The long-standing dispute between the laid off workers of Karachi Electric Supply Company (KESC) and management finally came to end with a resolve as utility management agreed not to force any worker to opt its announced voluntary redundancy scheme.
Published 27 Jul, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 27 Jul, 2011 12:00am
Union-KESC management dispute resolved

Union-KESC management dispute resolved

The long-standing dispute between the laid off workers of Karachi Electric Supply Company (KESC) and management finally came to end with a resolve as utility management agreed not to force any worker to opt its announced voluntary redundancy scheme.
Published 27 Jul, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 27 Jul, 2011 12:00am
Union-KESC management dispute resolved

Union-KESC management dispute resolved

The long-standing dispute between the laid off workers of Karachi Electric Supply Company (KESC) and management finally came to end with a resolve as utility management agreed not to force any worker to opt its announced voluntary redundancy scheme.
Published 27 Jul, 2011 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 27 Jul, 2011 12:00am
Altaf proposes formula for establishing peace in Karachi

Altaf proposes formula for establishing peace in Karachi

Muttahida Quami Movement (MQM) Chief Altaf Hussain has proposed a peace formula for restoring peace and stability in Karachi. Speaking to a gathering of MQM office-bearers and workers at Lal Qila Ground, Azizabad, Altaf said that all the religious and pol
Published 27 Jul, 2011 12:00am
Bullion Rates

Bullion Rates

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

Published 27 Jul, 2011 12:00am
'Hurriyet leaders real representatives of Kashmir'

'Hurriyet leaders real representatives of Kashmir'

Strongly criticising his deportation from Occupied Srinagar, Simranjit Singh Mann, President of Amritsar-based Sikh organisation, Shiromani Akali Dal, has decided to move the High Court of occupied Kashmir against the action.
Published 27 Jul, 2011 12:00am
Bullion Rates

Bullion Rates

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

Published 27 Jul, 2011 12:00am
No loadshedding during Sehar, Iftar: Pepco

No loadshedding during Sehar, Iftar: Pepco

Director General of Pakistan Electric Power Company (Pepco), Ejaz Rafique Qureshi on Tuesday said there would be no load shedding during the Sehar and Iftar across the country. Talking to a private news channel, he said that discontinue of the load sheddi
Published 27 Jul, 2011 12:00am
The Weather

The Weather

The weather report on Tuesday (July 26, 2011) and the forecast for Wednesday (July 27, 2011).

Published 27 Jul, 2011 12:00am
Seven more killed in Karachi violence

Seven more killed in Karachi violence

At least seven more persons including the activists of Muttahida Qaumi Movement (MQM) and Sunni Tehreek (ST) were killed and several others injured in ongoing spate of targeted killings while a truck and a shop were also torched at various parts of the me
Published 27 Jul, 2011 12:00am
Soldier killed in IED explosion

Soldier killed in IED explosion

An IED explosion along a roadside in South Waziristan Agency killed one troop and injured another, security official said. Security official told APP that the IED exploded near Sholam area, 12 kilometre off Wana on Angoor Adda road near Pak-Afghan border.
Published 27 Jul, 2011 12:00am
'BEOE exports over 2.6 million labourers in 10 years'

'BEOE exports over 2.6 million labourers in 10 years'

Bureau of Emigration and Overseas Employment (BEOE) has exported over 2.6 million labourers to abroad during the last 10 years. Talking to newsmen on Tuesday, BEOE Director General Habib-ur-Rehman Khan said that from the date of establishment of Bureau of
Published 27 Jul, 2011 12:00am
Ease of doing business

Ease of doing business

Countries want foreign direct investment (FDI) because it creates jobs, boosts growth and transfers skills and technology. But, a sound investment climate is crucial for economic growth. Foreign investors are generally attracted to a country where they fe
Published 27 Jul, 2011 12:00am
Calm before the storm

Calm before the storm

As the monsoon season is building up in intensity, apprehensions for a repeat of the catastrophic flood which drowned the country last year are increasing with every rain drop. It doesn't help either when a report released by Oxfam to mark one year since
Published 27 Jul, 2011 12:00am
Our energy woes and the way forward

Our energy woes and the way forward

The economy of Pakistan has suffered a reduction of 2% in its growth rate due to energy shortfalls. Combined with Floods and international recession, the growth toll comes to 4% p.a., which has caused unemployment and loss of income to people. The ensuing
Published 27 Jul, 2011 12:00am
Curse of number 39 haunts Afghan car dealers

Curse of number 39 haunts Afghan car dealers

Attracting dust but few prospective buyers in a car lot on the outskirts of Kabul, three saloon cars, a crane and a dump truck sit abandoned due a numerical curse that has swept Afghanistan. A bizarre phenomenon that equates the number 39 with prostitutio
Published 27 Jul, 2011 12:00am
Judicious observations

Judicious observations

This refers to an August 26 media report, wherein two former judges, Justice Wajihuddin Ahmad and Justice Saeeduzzaman Siddiqui have opined that "SC is showing remarkable leniency" in the matters relative to a number of corruption-related cases currently
Published 27 Jul, 2011 12:00am
AKUH seminar on Hepatitis tomorrow

AKUH seminar on Hepatitis tomorrow

Aga Khan University Hospital (AKUH) is holding a seminar on July 28 which aims to increase awareness and understanding of the viral hepatitis. An official of the institution said here on Tuesday that it provides an opportunity to focus on specific actions
Published 27 Jul, 2011 12:00am
Ogra fines 6 OMCs

Ogra fines 6 OMCs

The Oil and Gas Regulatory Authority (Ogra) has imposed fine worth Rs 6.1 million on six Oil Marketing Companies (OMCs), which failed to keep 20-days fuel stock. Muhammad Ijaz Chaudhary, Secretary Ministry of Petroleum and Natural Resources revealed this
Published 27 Jul, 2011 12:00am
UN to launch 'Floods One Year On' publication on July 27

UN to launch 'Floods One Year On' publication on July 27

The United Nations in Pakistan will hold a press conference on Thursday to mark the one year on the devastating floods of 2010 and to launch the 'United Nations one year on floods' publication. "'The Floods One Year On' publication provides an overview of
Published 27 Jul, 2011 12:00am
PML-N elections today

PML-N elections today

Pakistan Muslim League-Nawaz (PML-N) is all set to elect Mian Nawaz Sharif as party's president unopposed, whereas Sartaj Aziz secretary-general, Pervez Rashid secretary-information, besides other central office-bearers in the central working committee me
Published 27 Jul, 2011 12:00am
Gilani greets new AJK Prime Minister

Gilani greets new AJK Prime Minister

Prime Minister Syed Yousuf Raza Gilani on Tuesday congratulated Chaudhry Abdul Majeed for being elected Prime Minister of Azad Jammu and Kashmir. In his message of felicitation, the prime minister hoped that the premier would work selflessly for the well-
Published 27 Jul, 2011 12:00am
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