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Archive - 2011-08-07
Mauritius GDP to grow 4pc in 2012-14
Top News

Mauritius GDP to grow 4pc in 2012-14

PORT LOUIS : Mauritius ' economic growth for 2012 to 2014 is expected to be around 4 percent instead of the gradual rec
Published 07 Aug, 2011 12:15pm
SNB to defend franc target
Financial

SNB to defend franc target

ZURICH : The Swiss National Bank will have to set an exchange rate target and intervene to defend it, if it wants to sto
Published 07 Aug, 2011 11:05am
NATO trucks torched in Afghanistan
Asia

NATO trucks torched in Afghanistan

KABUL: Afghan officials say militants have attacked a NATO convoy in southern Afghanistan, setting at least seven fuel t
Published 07 Aug, 2011 10:41am
At least two dead in Iraq house bombing
Top News

At least two dead in Iraq house bombing

BAGHDAD: Insurgents killed at least two people and wounded 11 in a bomb attack on the home of a Shia family in a mainly
Published 07 Aug, 2011 09:36am
French AAA rating stable: S&P
Top News

French AAA rating stable: S&P

PARIS : France's AAA rating is stable, ratings agency Standard and Poor's chief European economist Jean-Michel Six told
Published 07 Aug, 2011 08:51am
Blazes, looting in London riot
Europe

Blazes, looting in London riot

LONDON : British police battled to restore order Sunday as rioters went on the rampage in north London, torching police
Published 07 Aug, 2011 03:59am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
THE RUPEE: dollar sharply up

THE RUPEE: dollar sharply up

Weakness prevailed on the currency market on Saturday as the rupee drifted lower sharply in terms of dollar, dealers said. The rupee failed to retain its overnight firmness, losing 37 paisa against the dollar for buying and selling at 86.57 and 86.62, the
Published 07 Aug, 2011 12:00am
THE RUPEE: dollar sharply up

THE RUPEE: dollar sharply up

Weakness prevailed on the currency market on Saturday as the rupee drifted lower sharply in terms of dollar, dealers said. The rupee failed to retain its overnight firmness, losing 37 paisa against the dollar for buying and selling at 86.57 and 86.62, the
Published 07 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (August 06, 2011) and for Sunday (August 07, 2011).
Published 07 Aug, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (August 06, 2011).

Published 07 Aug, 2011 12:00am
The Weather

The Weather

The weather report on Saturday (August 06, 2011) and the forecast for Sunday (August 07, 2011).

Published 07 Aug, 2011 12:00am
LG system restored in Karachi, Hyderabad

LG system restored in Karachi, Hyderabad

The PPP-led coalition government has decided to restore local government system in Karachi and Hyderabad. However, in the remaining 21 districts of Sindh, the commissionerate system will remain in place. Two ordinances to this regard have been signed by t
Published 07 Aug, 2011 12:00am
LG system restored in Karachi, Hyderabad

LG system restored in Karachi, Hyderabad

The PPP-led coalition government has decided to restore local government system in Karachi and Hyderabad. However, in the remaining 21 districts of Sindh, the commissionerate system will remain in place. Two ordinances to this regard have been signed by t
Published 07 Aug, 2011 12:00am
25 of the dead US Navy SEALs: Afghan Taliban down helicopter

25 of the dead US Navy SEALs: Afghan Taliban down helicopter

Thirty-one US special forces died in Afghanistan when the Taliban shot down their helicopter, officials said Saturday, the deadliest incident for foreign troops in the decade-long war. The Americans were killed alongside seven Afghan soldiers during an an
Published 07 Aug, 2011 12:00am
25 of the dead US Navy SEALs: Afghan Taliban down helicopter

25 of the dead US Navy SEALs: Afghan Taliban down helicopter

Thirty-one US special forces died in Afghanistan when the Taliban shot down their helicopter, officials said Saturday, the deadliest incident for foreign troops in the decade-long war. The Americans were killed alongside seven Afghan soldiers during an an
Published 07 Aug, 2011 12:00am
World fails Afghanistan despite spending billions: report

World fails Afghanistan despite spending billions: report

The global community has failed to create a politically stable and economically viable Afghanistan despite pouring billions of dollars into the South Asian nation during a decade-long war against the Taliban, says the International Crisis Group. The Bruss
Published 07 Aug, 2011 12:00am
World fails Afghanistan despite spending billions: report

World fails Afghanistan despite spending billions: report

The global community has failed to create a politically stable and economically viable Afghanistan despite pouring billions of dollars into the South Asian nation during a decade-long war against the Taliban, says the International Crisis Group. The Bruss
Published 07 Aug, 2011 12:00am
Bomb destroys 16 Nato tankers near Peshawar

Bomb destroys 16 Nato tankers near Peshawar

A bomb destroyed at least 16 tankers on Saturday carrying fuel for Nato troops in Afghanistan, police said, the latest in a string of attempts to disrupt supplies. A total of 28 Nato oil tankers were parked at a terminal on the outskirts of Peshawar, at t
Published 07 Aug, 2011 12:00am
Bomb destroys 16 Nato tankers near Peshawar

Bomb destroys 16 Nato tankers near Peshawar

A bomb destroyed at least 16 tankers on Saturday carrying fuel for Nato troops in Afghanistan, police said, the latest in a string of attempts to disrupt supplies. A total of 28 Nato oil tankers were parked at a terminal on the outskirts of Peshawar, at t
Published 07 Aug, 2011 12:00am
Big controversy arises over ST collection by provinces

Big controversy arises over ST collection by provinces

A major tax controversy has emerged between the Federal Board of Revenue (FBR) and the provinces as the FBR has not yet withdrawn federal excise duty on services on which provincial sales tax is being charged presently. It is learnt that the taxpayers are
Published 07 Aug, 2011 12:00am
Big controversy arises over ST collection by provinces

Big controversy arises over ST collection by provinces

A major tax controversy has emerged between the Federal Board of Revenue (FBR) and the provinces as the FBR has not yet withdrawn federal excise duty on services on which provincial sales tax is being charged presently. It is learnt that the taxpayers are
Published 07 Aug, 2011 12:00am
Big controversy arises over ST collection by provinces

Big controversy arises over ST collection by provinces

A major tax controversy has emerged between the Federal Board of Revenue (FBR) and the provinces as the FBR has not yet withdrawn federal excise duty on services on which provincial sales tax is being charged presently. It is learnt that the taxpayers are
Published 07 Aug, 2011 12:00am
Tax bar points out errors in new ST return form

Tax bar points out errors in new ST return form

The Federal Board of Revenue (FBR) has not issued the details of the excisable services to remain under the Federal Excise Act 2005, following transfer of sales tax on services to the provinces. It is learnt that the ambiguity pertaining to services in th
Published 07 Aug, 2011 12:00am
Tax bar points out errors in new ST return form

Tax bar points out errors in new ST return form

The Federal Board of Revenue (FBR) has not issued the details of the excisable services to remain under the Federal Excise Act 2005, following transfer of sales tax on services to the provinces. It is learnt that the ambiguity pertaining to services in th
Published 07 Aug, 2011 12:00am
Tax bar points out errors in new ST return form

Tax bar points out errors in new ST return form

The Federal Board of Revenue (FBR) has not issued the details of the excisable services to remain under the Federal Excise Act 2005, following transfer of sales tax on services to the provinces. It is learnt that the ambiguity pertaining to services in th
Published 07 Aug, 2011 12:00am
SME sector's NPLs cross Rs 100 billion mark

SME sector's NPLs cross Rs 100 billion mark

The non-performing loans (NPLs) of small and medium enterprises (SMEs) sector have crossed Rs 100 billion mark as the economic slowdown followed by energy crisis and deterioration in security situation is hurting the major sectors of the economy. The smal
Published 07 Aug, 2011 12:00am
SME sector's NPLs cross Rs 100 billion mark

SME sector's NPLs cross Rs 100 billion mark

The non-performing loans (NPLs) of small and medium enterprises (SMEs) sector have crossed Rs 100 billion mark as the economic slowdown followed by energy crisis and deterioration in security situation is hurting the major sectors of the economy. The smal
Published 07 Aug, 2011 12:00am
SME sector''s NPLs cross Rs 100 billion mark

SME sector''s NPLs cross Rs 100 billion mark

The non-performing loans (NPLs) of small and medium enterprises (SMEs) sector have crossed Rs 100 billion mark as the economic slowdown followed by energy crisis and deterioration in security situation is hurting the major sectors of the economy. The smal
Published 07 Aug, 2011 12:00am
KSE sees $4.661 million inflow despite gloomy trade

KSE sees $4.661 million inflow despite gloomy trade

Despite panic selling by local investors, the offshore participants remained net buyers of shares worth $4.661 million during the outgoing week ended on August 05, 2011. A positive activity by the foreign investors was seen at a time when the Karachi shar
Published 07 Aug, 2011 12:00am
KSE sees $4.661 million inflow despite gloomy trade

KSE sees $4.661 million inflow despite gloomy trade

Despite panic selling by local investors, the offshore participants remained net buyers of shares worth $4.661 million during the outgoing week ended on August 05, 2011. A positive activity by the foreign investors was seen at a time when the Karachi shar
Published 07 Aug, 2011 12:00am
KSE sees $4.661 million inflow despite gloomy trade

KSE sees $4.661 million inflow despite gloomy trade

Despite panic selling by local investors, the offshore participants remained net buyers of shares worth $4.661 million during the outgoing week ended on August 05, 2011. A positive activity by the foreign investors was seen at a time when the Karachi shar
Published 07 Aug, 2011 12:00am
US loses AAA rating

US loses AAA rating

The United States lost its top-tier AAA credit rating from Standard & Poor's on Friday, hours after investors alarmed by the eurozone debt crisis forced Italy to speed up an austerity drive. China, the largest foreign holder of US government debt, made cl
Published 07 Aug, 2011 12:00am
US loses AAA rating

US loses AAA rating

The United States lost its top-tier AAA credit rating from Standard & Poor's on Friday, hours after investors alarmed by the eurozone debt crisis forced Italy to speed up an austerity drive. China, the largest foreign holder of US government debt, made cl
Published 07 Aug, 2011 12:00am
US loses AAA rating

US loses AAA rating

The United States lost its top-tier AAA credit rating from Standard & Poor''s on Friday, hours after investors alarmed by the eurozone debt crisis forced Italy to speed up an austerity drive. China, the largest foreign holder of US government debt, made c
Published 07 Aug, 2011 12:00am
'Rivals must unite to fix US economy'

'Rivals must unite to fix US economy'

The White House on Saturday reacted to a historic downgrade of America's top-notch debt rating by calling on political rivals to unite to fix the economy and assure the country's fiscal future. "We must do better to make clear our nation's will, capacity
Published 07 Aug, 2011 12:00am
'Rivals must unite to fix US economy'

'Rivals must unite to fix US economy'

The White House on Saturday reacted to a historic downgrade of America's top-notch debt rating by calling on political rivals to unite to fix the economy and assure the country's fiscal future. "We must do better to make clear our nation's will, capacity
Published 07 Aug, 2011 12:00am
''Rivals must unite to fix US economy''

''Rivals must unite to fix US economy''

The White House on Saturday reacted to a historic downgrade of America''s top-notch debt rating by calling on political rivals to unite to fix the economy and assure the country''s fiscal future. "We must do better to make clear our nation''s will, capaci
Published 07 Aug, 2011 12:00am
Sarkozy talks to UK's Cameron on financial situation

Sarkozy talks to UK's Cameron on financial situation

British Prime Minister David Cameron spoke to French President Nicolas Sarkozy on Saturday evening to discuss the financial situation after the US credit rating downgrade, Cameron's office said. "The prime minister this evening spoke by telephone to Presi
Published 07 Aug, 2011 12:00am
PIA flight takes off after repair

PIA flight takes off after repair

A PIA Jumbo flight PK-745 took off after hours of repair from Karachi to Jeddah, a spokesperson of PIA said here on Saturday evening. The flight was diverted to Karachi from Sialkot on way to Jeddah earlier this afternoon for check up. According to a spok
Published 07 Aug, 2011 12:00am
PIA flight takes off after repair

PIA flight takes off after repair

A PIA Jumbo flight PK-745 took off after hours of repair from Karachi to Jeddah, a spokesperson of PIA said here on Saturday evening. The flight was diverted to Karachi from Sialkot on way to Jeddah earlier this afternoon for check up. According to a spok
Published 07 Aug, 2011 12:00am
Shafqat Naghmi appointed BoI Secretary

Shafqat Naghmi appointed BoI Secretary

The Establishment Division has appointed Shafqat Naghmi as Secretary, Board of Investment (BOI), with immediate effect. Shafqat Naghmi was serving as Secretary, Ministry of Food and Agriculture, before devolution of ministries to provinces.
Published 07 Aug, 2011 12:00am
Shafqat Naghmi appointed BoI Secretary

Shafqat Naghmi appointed BoI Secretary

The Establishment Division has appointed Shafqat Naghmi as Secretary, Board of Investment (BOI), with immediate effect. Shafqat Naghmi was serving as Secretary, Ministry of Food and Agriculture, before devolution of ministries to provinces.
Published 07 Aug, 2011 12:00am
Shafqat Naghmi appointed BoI Secretary

Shafqat Naghmi appointed BoI Secretary

The Establishment Division has appointed Shafqat Naghmi as Secretary, Board of Investment (BOI), with immediate effect. Shafqat Naghmi was serving as Secretary, Ministry of Food and Agriculture, before devolution of ministries to provinces.
Published 07 Aug, 2011 12:00am
Gold price recedes

Gold price recedes

Gold prices on Saturday receded to Rs 53,500 per tola following a small decline in the yellow metal's international price to $1664 an ounce, traders said. Gold had soared to Rs 53,650 per tola on the local market just a day back but went down by Rs 100. T
Published 07 Aug, 2011 12:00am
Gold price recedes

Gold price recedes

Gold prices on Saturday receded to Rs 53,500 per tola following a small decline in the yellow metal's international price to $1664 an ounce, traders said. Gold had soared to Rs 53,650 per tola on the local market just a day back but went down by Rs 100. T
Published 07 Aug, 2011 12:00am
Gold price recedes

Gold price recedes

Gold prices on Saturday receded to Rs 53,500 per tola following a small decline in the yellow metal''s international price to $1664 an ounce, traders said. Gold had soared to Rs 53,650 per tola on the local market just a day back but went down by Rs 100.
Published 07 Aug, 2011 12:00am
Weekly inflation: SPI surges by 14.8 percent

Weekly inflation: SPI surges by 14.8 percent

The Sensitive Price Indicator (SPI) surged by 14.80 percent during the first week of Ramazan ending on August 4 over the same period of last year, following considerable increase in the prices of 24 essential commodities, according to Federal Bureau of St
Published 07 Aug, 2011 12:00am
Weekly inflation: SPI surges by 14.8 percent

Weekly inflation: SPI surges by 14.8 percent

The Sensitive Price Indicator (SPI) surged by 14.80 percent during the first week of Ramazan ending on August 4 over the same period of last year, following considerable increase in the prices of 24 essential commodities, according to Federal Bureau of St
Published 07 Aug, 2011 12:00am
Weekly inflation: SPI surges by 14.8 percent

Weekly inflation: SPI surges by 14.8 percent

The Sensitive Price Indicator (SPI) surged by 14.80 percent during the first week of Ramazan ending on August 4 over the same period of last year, following considerable increase in the prices of 24 essential commodities, according to Federal Bureau of St
Published 07 Aug, 2011 12:00am
Customs officers stage pen-down protest against arrests by FIA

Customs officers stage pen-down protest against arrests by FIA

All activities at Customs House on Saturday came to a halt as the customs appraisers and examiners staged pen-down protest to express resentment over the arrest of their two colleagues by Federal Investigation Agency (FIA), providing financial shocks of a
Published 07 Aug, 2011 12:00am
Customs officers stage pen-down protest against arrests by FIA

Customs officers stage pen-down protest against arrests by FIA

All activities at Customs House on Saturday came to a halt as the customs appraisers and examiners staged pen-down protest to express resentment over the arrest of their two colleagues by Federal Investigation Agency (FIA), providing financial shocks of a
Published 07 Aug, 2011 12:00am
Customs officers stage pen-down protest against arrests by FIA

Customs officers stage pen-down protest against arrests by FIA

All activities at Customs House on Saturday came to a halt as the customs appraisers and examiners staged pen-down protest to express resentment over the arrest of their two colleagues by Federal Investigation Agency (FIA), providing financial shocks of a
Published 07 Aug, 2011 12:00am
Enver Baig resigns from PPP membership

Enver Baig resigns from PPP membership

Enver Baig on Saturday tendered his resignation from the basic membership of Pakistan People's Party (PPP). In his resignation letter, addressed to the PPP Secretary General, Jahangir Badar (copy available with Business Recorder), he said that he had the
Published 07 Aug, 2011 12:00am
Enver Baig resigns from PPP membership

Enver Baig resigns from PPP membership

Enver Baig on Saturday tendered his resignation from the basic membership of Pakistan People's Party (PPP). In his resignation letter, addressed to the PPP Secretary General, Jahangir Badar (copy available with Business Recorder), he said that he had the
Published 07 Aug, 2011 12:00am
Syria to hold elections by end 2011

Syria to hold elections by end 2011

Foreign Minister Walid Muallem said on Saturday that elections to a new parliament will be held by year's end, as Syria's regime faces international pressure over its deadly crackdown on protests. "Syria will hold free and transparent elections that will
Published 07 Aug, 2011 12:00am
Syria to hold elections by end 2011

Syria to hold elections by end 2011

Foreign Minister Walid Muallem said on Saturday that elections to a new parliament will be held by year's end, as Syria's regime faces international pressure over its deadly crackdown on protests. "Syria will hold free and transparent elections that will
Published 07 Aug, 2011 12:00am
CNG prices may go up by seven percent

CNG prices may go up by seven percent

The Oil and Gas Regulatory Authority (Ogra) is likely to increase Compressed Natural Gas (CNG) prices by Rs 3 for Zone-1 comprising Sindh and parts of Punjab and Rs 5 for zone-2 comprising parts of Punjab, Balochistan and Khyber Pakhtunkhwa, Business R
Published 07 Aug, 2011 12:00am
CNG prices may go up by seven percent

CNG prices may go up by seven percent

The Oil and Gas Regulatory Authority (Ogra) is likely to increase Compressed Natural Gas (CNG) prices by Rs 3 for Zone-1 comprising Sindh and parts of Punjab and Rs 5 for zone-2 comprising parts of Punjab, Balochistan and Khyber Pakhtunkhwa, Business R
Published 07 Aug, 2011 12:00am
CNG prices may go up by seven percent

CNG prices may go up by seven percent

The Oil and Gas Regulatory Authority (Ogra) is likely to increase Compressed Natural Gas (CNG) prices by Rs 3 for Zone-1 comprising Sindh and parts of Punjab and Rs 5 for zone-2 comprising parts of Punjab, Balochistan and Khyber Pakhtunkhwa, Business R
Published 07 Aug, 2011 12:00am
Reinstatement case: Supreme Court to announce verdict on August 8

Reinstatement case: Supreme Court to announce verdict on August 8

The Supreme Court (SC) will announce its reserved judgement on Monday (tomorrow). The verdict is pertained to the reinstatement of FIA Additional Director Zafar Ahmed Qureshi, the lead investigator in the multi-billion National Insurance Company Limited (
Published 07 Aug, 2011 12:00am
Reinstatement case: Supreme Court to announce verdict on August 8

Reinstatement case: Supreme Court to announce verdict on August 8

The Supreme Court (SC) will announce its reserved judgement on Monday (tomorrow). The verdict is pertained to the reinstatement of FIA Additional Director Zafar Ahmed Qureshi, the lead investigator in the multi-billion National Insurance Company Limited (
Published 07 Aug, 2011 12:00am
Prices of Ramazan-specific, other items rise

Prices of Ramazan-specific, other items rise

The prices of an entire range of essential commodities and Ramazan-specific items increased manifold during the first week of Ramazan, according to a survey carried out by Business Recorder on Saturday. The survey noted around 50 percent difference
Published 07 Aug, 2011 12:00am
Baig quits: a great loss to PPP?

Baig quits: a great loss to PPP?

Enver Baig, a veteran politician and one of the closest confidants of slain Pakistan People's Party (PPP) leader Benazir Bhutto finally called it a day to avert what many say further humiliation at the hands of politicians who were known as 'backbenchers'
Published 07 Aug, 2011 12:00am
KCCI concerned at ST return proposal

KCCI concerned at ST return proposal

Vice President Karachi Chamber of Commerce and Industry (KCCI), Junaid Makda has criticised different provisions of the proposed sales tax return. Talking to the media here Saturday at KCCI, he said that the new proposed sales tax return form contains a n
Published 07 Aug, 2011 12:00am
PML-N appoints two former generals as central office-bearers

PML-N appoints two former generals as central office-bearers

Pakistan Muslim League-Nawaz president Mian Nawaz Sharif has appointed two retired military generals as the party's central office bearers in what seems to be a move to mend fences with the military establishment. Lieutenant General Abdul Qadir Baloch (Re
Published 07 Aug, 2011 12:00am
Karachi situation: leaders underscore need for political solution

Karachi situation: leaders underscore need for political solution

All political leaders stressed on political solution of Karachi situation and said that all politicians need to show flexibility in this time. Talking to VOA on Saturday, Federal Law Minister, Maula Bakhsh Chandio maintained the Constitution allows us to
Published 07 Aug, 2011 12:00am
PPP does not want to create province on linguistic lines: Khosa

PPP does not want to create province on linguistic lines: Khosa

Punjab Governor Latif Khan Khosa speaking in a function of Benazir Income Support Programme (BISP) said that if new province comprising of districts of South Punjab is not made, conditions similar to Karachi would develop. Distributing cheques in needy wo
Published 07 Aug, 2011 12:00am
Police unearths fake beverage factory; two held

Police unearths fake beverage factory; two held

Islamabad police unearthed a fake beverage company involved in making fake soft drinks of well-reputed brands. The factory has been sealed and two persons arrested. Nilore Police had received information about a fake beverage factory situated in Tumair vi
Published 07 Aug, 2011 12:00am
Number of BISP beneficiary families to soar to seven million

Number of BISP beneficiary families to soar to seven million

Chairperson Benazir Income Support Programme (BISP), Farzana Raja has said the number of beneficiary families registered with BISP would rise up to 7 million till the next month. She said that 96% of the nation-wide poverty survey has already been complet
Published 07 Aug, 2011 12:00am
Bomber blows himself up in Mohmand

Bomber blows himself up in Mohmand

A suicide bomber blew himself up after he was asked for search at a security checkpoint in Mohmand agency on Saturday, sources said. The incident occurred at Pindyali area. The bomber and his accomplice were stopped by the security personnel for body sear
Published 07 Aug, 2011 12:00am
Aman Lashkar's head survives rocket attacks

Aman Lashkar's head survives rocket attacks

The head of Aman Lashkar survived a life attempt as unknown miscreants fired two rockets that landed near his house at Mattani area, district police said here on Saturday. According to details, unknown miscreants attacked house of Aman Lashkar Chief in Ad
Published 07 Aug, 2011 12:00am
Prime Minister to arrive in Saudi Arabia today

Prime Minister to arrive in Saudi Arabia today

Prime Minister, Syed Yusuf Raza Gilani will pay a two-day visit to Saudi Arabia from Sunday to perform Umrah. The Prime Minister is expected to meet King Abdullah bin Abdul Aziz of Saudi Arabia during the visit and discuss ways to further strengthen bilat
Published 07 Aug, 2011 12:00am
Three die of suffocation

Three die of suffocation

Three persons working in a well died due to suffocation in Saidu Sharif area of the district here on Saturday. According to police sources three members of the same family identified as Gul Mohammad son of Talih Zar, Muzzafar Khan son of Mohammad Afzal an
Published 07 Aug, 2011 12:00am
'PML-N statements aimed at gaining political mileage'

'PML-N statements aimed at gaining political mileage'

Khyber Pakhtunkhwa, Minister for Labour, Sher Azam Khan Wazir has said PML-N leaders are making immature and irresponsible statements for gaining political mileage although there is no confrontation between the government and judiciary. Speaking at Khyber
Published 07 Aug, 2011 12:00am
Sardar Amin assumes charge of Member E&A

Sardar Amin assumes charge of Member E&A

In pursuance of the Board's notification, Sardar Aminullah Khan BS-21 officer of Inland Revenue Service has assumed the charge of Member Enforcement and Accounting, Federal Board of Revenue (HQ), Islamabad, wef August 6, 2011. In this connection, the FBR
Published 07 Aug, 2011 12:00am
Fake NGOs warned of action

Fake NGOs warned of action

Director General, Social Welfare Department Punjab, Malik Mohammad Aslam Aawan said that action would be taken against non-active and non-registered NGOs. He said that a survey in this connection would be launched very soon. He said, non-registered NGOs w
Published 07 Aug, 2011 12:00am
Crimes against women increase by 18 percent

Crimes against women increase by 18 percent

Crimes against women, including forced marriages and sexual assaults, registered an increase of 18 percent over a period of one year, according to cases registered in 61 districts across the country. Based on the comparison of number of FIRs pertaining to
Published 07 Aug, 2011 12:00am
MQM activist among eight killed

MQM activist among eight killed

After a brief interval, the city on Saturday came under fresh targeted killing spree as eight persons including an activist of Muttahida Qaumi Movement (MQM) and a private bank manager were killed in separate incidents in various parts of the metropolis.
Published 07 Aug, 2011 12:00am
Nawaz vows to rebuild country through 'revolutionary' approach

Nawaz vows to rebuild country through 'revolutionary' approach

Pakistan Muslim League-Nawaz President Nawaz Sharif has held the PPP government responsible for failures and challenges posing the country. Addressing PML-N senators, MNAs and MPAs from Lahore at his Model Town residence on Saturday, Nawaz criticised the
Published 07 Aug, 2011 12:00am
UAF employees face further wait for salaries

UAF employees face further wait for salaries

The Academic Staff Association (ASA), University of Agriculture Faisalabad (UAF) on Saturday demanded the government to immediately release funds for the payment of normal and increased salaries of the employees working with the university. It was stated
Published 07 Aug, 2011 12:00am
'Closure of 50 Railways trains under consideration'

'Closure of 50 Railways trains under consideration'

Pakistan Railways Acting General (Operation) Manager, Anjum Pervaiz said on Saturday that closure of 40 to 50 passenger trains of branch lines is under consideration to overcome the crisis. Addressing a press conference at Railways Headquarters, he said t
Published 07 Aug, 2011 12:00am
'Creation of new provinces to strengthen Federation'

'Creation of new provinces to strengthen Federation'

Federal Minister for Information and Broadcasting, Dr Firdous Ashiq Awan has said creation of new provinces will strengthen the federation. The minister further said that the government has started dialogue on the demand of creation of Seraiki province.
Published 07 Aug, 2011 12:00am
Another government school blown up in Khyber Agency

Another government school blown up in Khyber Agency

Unidentified miscreants blew up Government Primary school at Aka Khel area of Tehsil Bara Khyber Agency late Friday night, said political authorities on Saturday. According to political authorities, unknown miscreants planted explosive devices outside Gov
Published 07 Aug, 2011 12:00am
'Marzi ka Darzi' saga: reply from SHO by 17th sought

'Marzi ka Darzi' saga: reply from SHO by 17th sought

District and Session Judge Lahore, Mujahid Mustaqeem here Saturday sought reply from Station House Officer Defence police station by August 17 in an application filed by dress designer Shahzad seeking court's direction for registration of a criminal case
Published 07 Aug, 2011 12:00am
Brick-kiln owners continue strike

Brick-kiln owners continue strike

The strike of brick-kiln owners entered the sixth day resultantly construction work has came to a complete halt in Punjab and thousands of masons, labourers and builders lost their jobs. Brick holders are selling their stock at Rs 3000, which is more than
Published 07 Aug, 2011 12:00am
Water, energy crises: all segments of society to be taken onboard

Water, energy crises: all segments of society to be taken onboard

The city administration, educationalists and medical doctors have vowed to expedite pace of work on transferring knowledge into goods and services by taking all segments of the society on-board in a bid to address the issues including water, energy, disea
Published 07 Aug, 2011 12:00am
12-hour loadshedding on Mondays, Tuesdays for industry announced

12-hour loadshedding on Mondays, Tuesdays for industry announced

LESCO has issued notice to industrialists for 12 hours power load shedding on Mondays and Tuesdays amidst a hope on the part of Pepco spokesman that power generation would improve soon. The DG Pepco Ejaz Rafique Qureshi expressed the hope that the situati
Published 07 Aug, 2011 12:00am
YDA criticises Punjab police's performance

YDA criticises Punjab police's performance

The SHO Gowalmandi instead of arresting the companions of the thief who was caught red handed while stealing the car of a lady doctor has detained the car of the lady doctor inside the Gowalmandi Police Station. This is a big question mark on the performa
Published 07 Aug, 2011 12:00am
EDOs directed to ensure SOPs implementation

EDOs directed to ensure SOPs implementation

Punjab government has directed all EDOs (Health) and medical superintendents of government hospitals to ensure that Standard Operating Procedures (SOPs) set for handling emergencies are implemented in hospitals while training of paramedics for operating l
Published 07 Aug, 2011 12:00am
IPO to launch drive against pirates, counterfeiters

IPO to launch drive against pirates, counterfeiters

The Intellectual Property Organisation (IPO-Pakistan) has decided to launch an effective and relentless drive against pirates and counterfeiters who are not only infringing rights of original producers but also deceiving the consumers with fake products.
Published 07 Aug, 2011 12:00am
MCCI underscores need for hefty cut in discount rate

MCCI underscores need for hefty cut in discount rate

The Multan Chamber of Commerce and Industry (MCCI) on Saturday said that there is need of hefty cut in the discount rates by the State Bank of Pakistan as reduction of 50 basis points would not provide any benefit to the business community.
Published 07 Aug, 2011 12:00am
Water woes

Water woes

In a society where the health or well-being of ordinary people comes only as an afterthought, it is no surprise that the basic of all necessities, drinking water, poses a grave risk to consumers. This reality was highlighted by the Pakistan Council of Res
Published 07 Aug, 2011 12:00am
Mental healthcare

Mental healthcare

The launch of a local community-based mental healthcare initiative in Karachi has been a source of sorely needed good news from the city. The project, appropriately titled "Shamil" (inclusive), will initially start its operation in Korangi, and focus on p
Published 07 Aug, 2011 12:00am
Property registration systems: Concepts and practices

Property registration systems: Concepts and practices

Title is a legal term for a bundle of rights in a piece of property in which a party may own either a legal interest or an equitable interest. It may also refer to a formal document that serves as evidence of ownership. Title is distinct from possession,
Published 07 Aug, 2011 12:00am
Germany's last millstone mason pressed for time

Germany's last millstone mason pressed for time

An organic food boom in Germany is creating demand for flour ground the old way, but the country only has one person left with the skills needed to carve and maintain millstones. According to the German organic food industry body, the BOeLW, sales of orga
Published 07 Aug, 2011 12:00am
The killing fields of Karachi

The killing fields of Karachi

The spate of recent killings in Karachi, which have claimed hundreds of lives of innocent people and the inability of the Sindh government to stop the perpetrators, suggests that city needs an out of the box approach to check this bloodbath; an approach w
Published 07 Aug, 2011 12:00am
Altaf expresses grief over deaths in Lyari

Altaf expresses grief over deaths in Lyari

Chief Muttahida Quami Movement (MQM), Altaf Hussain has expressed his heartfelt grief and sorrow over the tragedy in Lyari in which several people lost their lives when a five-storey building collapsed. Hussain sympathised with the affected families and p
Published 07 Aug, 2011 12:00am
Emirates hosts annual travel agents' workshop

Emirates hosts annual travel agents' workshop

Emirates Airline on August 6 held its annual Travel Agents Workshop with the objective to train and educate the travel agents on different Emirates products and services. The participants were briefed in detail about Emirates products including Emirates H
Published 07 Aug, 2011 12:00am
IPO to launch drive against pirates, Counterfeiters

IPO to launch drive against pirates, Counterfeiters

The Intellectual Property Organisation (IPO-Pakistan) has decided to launch an effective and relentless drive against pirates and counterfeiters who are not only infringing rights of original producers but also deceiving the consumers with fake products.
Published 07 Aug, 2011 12:00am
Prime Minister's meeting with MPs postponed

Prime Minister's meeting with MPs postponed

According to the information received here Saturday, the Iftar meeting of Prime Minister, Syed Yousuf Raza Gilani with parliamentarians here, scheduled for Sunday (today) has been postponed due to his visit to Saudi Arabia. He would meet the parliamentari
Published 07 Aug, 2011 12:00am
Iranian CG calls on chief minister Balochistan

Iranian CG calls on chief minister Balochistan

Iranian Consul General in Quetta Syed Hassan Yehyavi on Saturday called on Chief Minister Balochistan Nawab Mohammad Aslam Raisani at CM Secretariat here. He expressed his sympathy over the demise of Nawab Raisani's nephew and offered fateha. He also pray
Published 07 Aug, 2011 12:00am
Political parties urged to get rid of 'militants'

Political parties urged to get rid of 'militants'

Concerned Citizens Forum (CCF), a forum of civil society organisations has urged all political parties to identify miscreants/militants within their ranks and expose them for appropriate punitive action as per the law of the land.
Published 07 Aug, 2011 12:00am
Lyari building collapse: death toll rises to 18

Lyari building collapse: death toll rises to 18

The death toll from the collapse of a five-storey building in Lyari rose to 18 on Saturday. Rescue operations were ongoing, however, hopes about the survival of those still believed to be trapped under the Qasr-i-Ruqayya building's rubble were dim.
Published 07 Aug, 2011 12:00am
Malik directs action against "Bhatta Mafia"

Malik directs action against "Bhatta Mafia"

Federal Minister for Interior Senator Rehman Malik directed the officials concerned to initiate a special campaign against elements involved in extortion in Karachi. He issued these directives while talking to a delegation of business community members at
Published 07 Aug, 2011 12:00am
Appointment

Appointment

The Governor of Sindh, who is also Chancellor of the Universities in Province of Sindh, has appointed Professor Dr Anwar Ali Shah G.Syed Dean faculty of Commerce and Business Administration as first Pro Vice Chancellor of Sindh University Campus Dadu with
Published 07 Aug, 2011 12:00am
Off-season vegetables: growers advised to adopt different methods

Off-season vegetables: growers advised to adopt different methods

The President of Chamber of Agriculture, Karachi, Sindh, Abdullah Rafi, has advised vegetable growers to adopt different methods to grow off-season vegetables in Pakistan to gain additional income. These methods include growing beneath the sarkanda buildi
Published 07 Aug, 2011 12:00am
Met Office's advice to cotton growers

Met Office's advice to cotton growers

The Meteorological Department has forecast largely hot and humid weather in most parts of the country in the next week, advising the cotton growers to irrigate their crops as per requirement. "Due to the expected dry weather in the cotton belt, farmers ar
Published 07 Aug, 2011 12:00am
Islamabad Police launch SVIS

Islamabad Police launch SVIS

Islamabad Police have launched Stolen Vehicle Identification System (SVIS) to curb auto-theft in the capital through which one can easily know the status of a vehicle. This new service opened at Rescue 15 will help people know status of their vehicle whet
Published 07 Aug, 2011 12:00am
PML-Q women legislators visit utility stores

PML-Q women legislators visit utility stores

The PML-Q women office-bearers and legislators visited various utility stores in the provincial metropolis on Saturday on the directives of the Federal Minister for Industries and Defence Production, Chaudhry Pervez Elahi to get the feedback of consumers
Published 07 Aug, 2011 12:00am
Chief Justice LHC constitutes seven DBs, 15 SBs

Chief Justice LHC constitutes seven DBs, 15 SBs

Chief Justice Lahore High Court (LHC) here on Saturday constituted seven division benches (DBs) and fifteen single benches (SBs) for the disposal of the cases pending with the LHC at principal seat. According to a notification issued here division benches
Published 07 Aug, 2011 12:00am
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