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Archive - 2011-09-14
USTR delegation to visit Pakistan soon
Top News

USTR delegation to visit Pakistan soon

KARACHI : A high powered delegation from United States Trade Representatives (USTR) will be visiting Pakistan in the t
Published 14 Sep, 2011 07:18pm
Modest economic growth seen for Canada
Top News

Modest economic growth seen for Canada

OSHAWA : Canada should see modest economic growth and avoid a double-dip recession, Finance Minister Jim Flaherty said
Published 14 Sep, 2011 06:33pm
IMF board meets on Greece
Top News

IMF board meets on Greece

WASHINGTON : The board of the International Monetary Fund held an "informal" meeting to discuss the problem of Greece W
Published 14 Sep, 2011 05:41pm
European stocks close up
Financial

European stocks close up

LONDON : European stocks ended in positive territory on Wednesday, with Frankfurt's DAX up 3.36 percent to 5,340.19 poi
Published 14 Sep, 2011 04:14pm
UAE cancelled $170bn worth projects
Top News

UAE cancelled $170bn worth projects

DUBAI : The amount of construction projects cancelled and delayed in the United Arab Emirates rose to $170 billion in Au
Published 14 Sep, 2011 03:17pm
ISE-10 witnesses bullish trend
Markets

ISE-10 witnesses bullish trend

ISLAMABAD : The Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bullish trend as the index was up by 16.33
Published 14 Sep, 2011 01:35pm
Gold slips to Rs 52,114
Top News

Gold slips to Rs 52,114

KARACHI: Gold slipped by Rs 343 to close at Rs 52,114 per 10 grams in the local market Wednesday, as its international p
Published 14 Sep, 2011 01:24pm
Kabul Taliban siege ends with 14 dead
Top News

Kabul Taliban siege ends with 14 dead

KABUL : A brazen Taliban assault on the Afghan capital was quelled Wednesday after raging for 19 hours in a hail of rock
Published 14 Sep, 2011 12:41pm
Dengue on the rise, three more dead
Top News

Dengue on the rise, three more dead

LAHORE: Dengue fever has claimed three more lives here in the city, the death toll reaches to 17. According to detail
Published 14 Sep, 2011 11:58am
ABC to hold economic summit 2011
Top News

ABC to hold economic summit 2011

KARACHI: This year the American Business Council (ABC) will hold "The American Business Council Economic Summit 2011 on
Published 14 Sep, 2011 10:05am
Google launches Flight Search
Industry

Google launches Flight Search

SAN FRANCISCO: Internet giant Google launched a flight search tool on Tuesday in a potential challenge to online travel
Published 14 Sep, 2011 07:22am
Spot gold to rise to $1,885.39/oz
Top News

Spot gold to rise to $1,885.39/oz

SINGAPORE : A bullish target at $1,885.39 per ounce has been established for spot gold as an upward wave (3) is progress
Published 14 Sep, 2011 05:28am
Is auto industry on a fast gear?
BR Research

Is auto industry on a fast gear?

The demand for cars is growing briskly, with the industrys total car (cars and LCVs) sales accelerating by 35 percent year-on-year to 29,537
Published 14 Sep, 2011 12:00am
Losing on the cotton rally
BR Research

Losing on the cotton rally

Six months back cotton prices had surged above Rs13,000 per maund. Many buyers had locked in trades at that level, fearing further increases
Published 14 Sep, 2011 12:00am
FTO summons top officials in corruption case

FTO summons top officials in corruption case

The Federal Tax Ombudsman has summoned top federal government officials in connection with the complaint of fraudulent exemption under SRO 575(I)/2006 of June 5, 2006 and allegation of certified corruption of Rs 109 million by Ssangyong Engineering & Cons
Published 14 Sep, 2011 12:00am
FTO summons top officials in corruption case

FTO summons top officials in corruption case

The Federal Tax Ombudsman has summoned top federal government officials in connection with the complaint of fraudulent exemption under SRO 575(I)/2006 of June 5, 2006 and allegation of certified corruption of Rs 109 million by Ssangyong Engineering & Cons
Published 14 Sep, 2011 12:00am
Nisar decides to quit PAC chairmanship

Nisar decides to quit PAC chairmanship

Chairman Public Accounts Committee (PAC), Chaudhry Nisar Ali Khan has taken on board his party's leadership on his resignation from the chairmanship of the powerful parliamentary watchdog on the public accounts, it was learnt.
Published 14 Sep, 2011 12:00am
Nisar decides to quit PAC chairmanship

Nisar decides to quit PAC chairmanship

Chairman Public Accounts Committee (PAC), Chaudhry Nisar Ali Khan has taken on board his party's leadership on his resignation from the chairmanship of the powerful parliamentary watchdog on the public accounts, it was learnt.
Published 14 Sep, 2011 12:00am
9/11 terror threat 'ongoing': FBI, US security chiefs

9/11 terror threat 'ongoing': FBI, US security chiefs

The United States remains on alert for a possible terror attack, even though the 9/11 anniversary has come and gone without incident, Homeland Security Secretary Janet Napolitano said Tuesday. "We consider it as an ongoing threat," Napolitano said, testif
Published 14 Sep, 2011 12:00am
9/11 terror threat 'ongoing': FBI, US security chiefs

9/11 terror threat 'ongoing': FBI, US security chiefs

The United States remains on alert for a possible terror attack, even though the 9/11 anniversary has come and gone without incident, Homeland Security Secretary Janet Napolitano said Tuesday. "We consider it as an ongoing threat," Napolitano said, testif
Published 14 Sep, 2011 12:00am
Penalised OMCs file appeal with Ogra

Penalised OMCs file appeal with Ogra

The seven oil marketing companies (OMCs), which were restricted from market operations and fined Rs 21 million by the Oil and Gas Regulatory Authority (Ogra) on September 6, have filed an appeal with the Registrar of the Authority, requesting restoration
Published 14 Sep, 2011 12:00am
Penalised OMCs file appeal with Ogra

Penalised OMCs file appeal with Ogra

The seven oil marketing companies (OMCs), which were restricted from market operations and fined Rs 21 million by the Oil and Gas Regulatory Authority (Ogra) on September 6, have filed an appeal with the Registrar of the Authority, requesting restoration
Published 14 Sep, 2011 12:00am
Penalised OMCs file appeal with Ogra

Penalised OMCs file appeal with Ogra

The seven oil marketing companies (OMCs), which were restricted from market operations and fined Rs 21 million by the Oil and Gas Regulatory Authority (Ogra) on September 6, have filed an appeal with the Registrar of the Authority, requesting restoration
Published 14 Sep, 2011 12:00am
Flashfloods likely in drains, streams

Flashfloods likely in drains, streams

Federal Flood Commission (FFC) on Tuesday said flash flooding is expected in local nullahs and streams due to heavy to very heavy falls over eastern Balochistan. River Indus is in low flood stage at Kotri Barrage with rising trend while all other main riv
Published 14 Sep, 2011 12:00am
'Appointment of NBP President made purely on merit'

'Appointment of NBP President made purely on merit'

Appointment of National Bank of Pakistan President Qamar Hussain has been made purely on merit and all rules and regulations have been followed during his appointment. "Hussain is one of the leading bankers of the country," said Vice President Public Rela
Published 14 Sep, 2011 12:00am
JPMC faces severe electricity outage

JPMC faces severe electricity outage

No patient could be attended at any of the departments, including the Emergency and Accident, in Jinnah Post Graduate Medical Center (JPMC) on Tuesday due to non availability of fuel to run its generators. Hospital administration told APP that there had b
Published 14 Sep, 2011 12:00am
Flashflood washed away one km of National Highway

Flashflood washed away one km of National Highway

One-kilometre stretch of National Highway has been swept away by flashflood between Oungar to Jhirk of Thatta district as a result of unprecedented heavy rainfalls in the area Monday night. The flashflood also damaged the road at different places in Thatt
Published 14 Sep, 2011 12:00am
LHC declares DG NAB's appointment invalid

LHC declares DG NAB's appointment invalid

A division bench of Lahore High Court here Tuesday declared the appointment of Director General National Accountability Bureau, Rana Zahid Mahmood on contractual as invalid. The bench passed these orders following information from the representative of th
Published 14 Sep, 2011 12:00am
Rains cause minor damage to rice, sugarcane crops

Rains cause minor damage to rice, sugarcane crops

Heavy monsoon rains in Sindh have caused only minor damage to the sugarcane and rice crops, officials said on Tuesday, though weeks of heavy downpour have already destroyed about 13 percent of the cotton crop. The floods have made about 280,000 homeless,
Published 14 Sep, 2011 12:00am
Dengue fever: media urged to avoid panic creation

Dengue fever: media urged to avoid panic creation

Advising the media to refrain from sensationalisation and panic creation about the dengue fever, top health experts here on Tuesday stressed the need for community involvement and integrated efforts to overcome this viral disease.
Published 14 Sep, 2011 12:00am
Spray against dengue: educational institutions to be closed for 10 days

Spray against dengue: educational institutions to be closed for 10 days

The Punjab government has decided that all schools and colleges in public and private sector in Lahore will remain closed for 10 days for completing spray and other arrangements against dengue virus. The educational institutions will undertake spray and n
Published 14 Sep, 2011 12:00am
Imran sees change in country

Imran sees change in country

Pakistan Tahreek-e-Insaf (PTI) Chairman Imran Khan has said that only a change can save Pakistan, without a revolutionary change there is no future. He was addressing an Eid Milan gathering that was organised by the PTI workers of Islampura here on Tuesda
Published 14 Sep, 2011 12:00am
CCPO orders extensive anti dengue spray at all PSs, offices

CCPO orders extensive anti dengue spray at all PSs, offices

On the orders of Capital City Police Officer (CCPO) Ahmad Raza Tahir, an extensive dengue spray has been initiated at all Lahore police stations, offices, Police Lines Qilla Gujjar Singh, Qurban Lines and police residences on emergency bases. In his direc
Published 14 Sep, 2011 12:00am
Amanullah Qureshi elected as chairman PCGA

Amanullah Qureshi elected as chairman PCGA

Amanullah Qureshi and Haji Mukhtar Ahmed of Ginner Group were elected unopposed as chairman and vice chairman (North zone) of Pakistan Cotton Ginners Association (PCGA), respectively. The election for vice chairman (south zone) will be held after the end
Published 14 Sep, 2011 12:00am
PP-220 by polls: PML-Q, PPP to field joint candidate

PP-220 by polls: PML-Q, PPP to field joint candidate

Pakistan Muslim League-Q and Pakistan People's Party have decided to field a joint candidate in the by election of Punjab Assembly seat of PP-220 (Sahiwal). The decision was taken in a meeting between PML-Q leader, Chaudhry Pervaiz Elahi and PPP Punjab Pr
Published 14 Sep, 2011 12:00am
Heinous crimes on the rise in Sialkot

Heinous crimes on the rise in Sialkot

There was no let up in rising dacoity, robbery and theft incidents in the district, as the criminals remained on rampage in Sialkot district. The criminals spent another busy day in looting gold ornaments, a car, six more motorcycles, electronics and othe
Published 14 Sep, 2011 12:00am
Dengue virus menace claims eight more lives

Dengue virus menace claims eight more lives

Despite massive awareness campaign launched by the provincial government and City District Government, there is no halt to the spread of dengue outbreak. People hailing from all walks of life including doctors, media men, civil servants, police officials,
Published 14 Sep, 2011 12:00am
'US may help overcome dengue fever endemic'

'US may help overcome dengue fever endemic'

The outgoing Principal Officer of US Consulate in Lahore Carmella Conroy Tuesday said that several employees of US Consulate have been tested positive of Dengue fever and they are under treatment. "If the Punjab government makes a request to the US author
Published 14 Sep, 2011 12:00am
Anti-dengue drive launched in Multan

Anti-dengue drive launched in Multan

District Co-ordination Officer (DCO) Multan Zahid Akhtar Zaman said on Tuesday that anti-dengue drive was successfully continued in the rural and urban areas of Multan and all available resources were being utilised to combat the dengue threat. He said th
Published 14 Sep, 2011 12:00am
Students urged to reform societal landscape

Students urged to reform societal landscape

GC University Lahore Vice Chancellor, Professor Dr Khaleeq-ur-Rahman has said that Allama Muhammad Iqbal's philosophy serves as a beacon of light for the Muslim youth in the contemporary world and students should seek guidance from it. The Vice Chancellor
Published 14 Sep, 2011 12:00am
CNG holidays: van, rickshaw owners fleecing passengers

CNG holidays: van, rickshaw owners fleecing passengers

The daily commuters have expressed concern over the attitude of van and rickshaw owners who are fleecing them by taking the advantage of the weekly CNG holidays. Short number of public transport coincide with overcharging in the city have also contributed
Published 14 Sep, 2011 12:00am
17,000 shelter kits distributed among flood survivors

17,000 shelter kits distributed among flood survivors

International Organisation for Migration on Tuesday dispatched 17,000 shelter and non-food item (NFI) relief kits to help the families displaced by flooding following torrential monsoon rains in Sindh. The aid, which includes plastic sheeting, ropes, blan
Published 14 Sep, 2011 12:00am
PBM distributes 28,600 relief packs among flood victims

PBM distributes 28,600 relief packs among flood victims

Pakistan Bait-ul-Maal (PBM) distributed 28,600 relief packs among the flood-affected people in the worst hit districts of Sindh province. Out of the total, 13,600 packets were distributed in district Badin whereas 12,000 and 3,000 were handed-over to the
Published 14 Sep, 2011 12:00am
Funds shortage: Lowari Tunnel project in the doldrums

Funds shortage: Lowari Tunnel project in the doldrums

Scarcity of funds has put the fate of Lowari Tunnel in doldrums and the contractor has stopped work on the project. An amount of Rs 2 billion is immediately required to resume work on the vital project. This was sated in a meeting arranged to access the o
Published 14 Sep, 2011 12:00am
Seven killed in rain-related incidents in Karachi

Seven killed in rain-related incidents in Karachi

Seven more persons lost their lives in rain-related incidents in different areas of the city on Tuesday, as the city received longest spell of the ongoing monsoon season. According to police and rescuers, two brothers who were identified as Gul Din, 55, a
Published 14 Sep, 2011 12:00am
100-year-old post office: PMG restrained from demolishing

100-year-old post office: PMG restrained from demolishing

The Lahore High Court here on Tuesday restrained Post Mater General (PMG) of Pakistan from demolishing 100-year-old post office inside Mochi gate Lahore. The Court directed the PMG to file its reply to the petition by October 17. The petitioner locals of
Published 14 Sep, 2011 12:00am
Multi-billion rupees locomotives scam in the making

Multi-billion rupees locomotives scam in the making

A multi-billion rupees locomotives scam is in the making in the Ministry of Railways with an entire project being driven by the sellers of locomotives. According to sources in the Ministry of Railways and official documents, the PC-1 for Rs 55.488 billion
Published 14 Sep, 2011 12:00am
22 killed as bus plunges into deep valley

22 killed as bus plunges into deep valley

At least 22 people were killed and 18 others injured on Tuesday when an overcrowded passenger minibus plunged into a deep gorge in occupied Kashmir, police said. The accident took place in Ramban district, about a four hour drive from occupied Srinagar.
Published 14 Sep, 2011 12:00am
'Turkey, Pakistan jointly working for peace in Afghanistan'

'Turkey, Pakistan jointly working for peace in Afghanistan'

Turkey and Pakistan are working in unison to bring peace and stability to the war-torn Afghanistan for which a trilateral forum of the three countries has been constituted to end the decades-old war, which has marred its economy and displaced millions of
Published 14 Sep, 2011 12:00am
Four patients die in JPMC due to 'power outage'

Four patients die in JPMC due to 'power outage'

Four patients including a minor child who were on ventilators in Intensive Care Unit (ICU) of Neurosurgery Ward of Jinnah Postgraduate Medical Canter, lost their lives because the ventilators stopped functioning due to what hospital sources said prolonged
Published 14 Sep, 2011 12:00am
PAC meeting requisitioned

PAC meeting requisitioned

Four members of the Public Accounts Committee (PAC) on Tuesday requisitioned convening of the PAC meeting on an emergency basis, it was learnt reliably.
Published 14 Sep, 2011 12:00am
Awareness workshop on importance of education held

Awareness workshop on importance of education held

Children Complaint Office, Ombudsman Punjab arranged an awareness workshop with street children in relation with "World Literacy Day. According to details on the directions of Secretary, Ombudsman Punjab Farkhanda Wasim Afzal, CCO held a special session o
Published 14 Sep, 2011 12:00am
New ST return form hampering taxpayers

New ST return form hampering taxpayers

The Federal Board of Revenue (FBR) is likely to remain far behind from its quarterly revenue target as the newly introduced sales tax return is hampering taxpayers in submitting their monthly sales tax returns, Business Recorder learnt on Tuesday.
Published 14 Sep, 2011 12:00am
Petition filed

Petition filed

A petition seeking implementation of constitutional provisions against fake encounter and police torture on the accused in custody has been filed before the Lahore High Court by a citizen Abdul Wahid. The petitioner through his counsel A.K.Dogar contended
Published 14 Sep, 2011 12:00am
Met Office forecast scattered rains across country

Met Office forecast scattered rains across country

The Met Office on Tuesday forecast scattered rain/thundershower with isolated heavy falls in the country in the next 24 hours. The forecast said that rain is likely in Peshawar, Hazara, Kohat, and D I Khan Divisions, Punjab, Sindh, eastern Balochistan and
Published 14 Sep, 2011 12:00am
Indian Bar body calls on IHC Chief Justice

Indian Bar body calls on IHC Chief Justice

A 13-member delegation of All-India Bar Association called on Chief Justice Islamabad High Court (IHC) Iqbal Hameed-ur-Rehman within the premises of IHC here on Tuesday. The delegation led by Partap Singh, Vice-Chairman, All-India Bar Association discusse
Published 14 Sep, 2011 12:00am
Professor Dr Ghazala Nasim honoured

Professor Dr Ghazala Nasim honoured

Higher Education Commission (HEC) has selected the book titled "Kuch Ehm Maholiati aur Arziati Masail: Aik Sainse Nuqta-e-Nazar," written by Punjab University Institute of Plant Pathology faculty member Professor Dr Ghazala Nasim, for Best Book Publicatio
Published 14 Sep, 2011 12:00am
Millions of cattle head displaced during rains: minister

Millions of cattle head displaced during rains: minister

The Sindh Minister for Livestock Abid Hussain Jatoi has said that millions of cattle head have been displaced and 12,299 cattle have been died during the prevailing monsoon session. He said that such a large-scale displacement of animals has not been made
Published 14 Sep, 2011 12:00am
Coordination body formed to expedite BOT projects

Coordination body formed to expedite BOT projects

Federal Minister for Finance and Economic Affairs Dr Abdul Hafeez Shaikh while chairing a meeting Tuesday formed a co-ordination committee to expedite the build-operate-transfer (BOT) projects and to attract the serious local and international parties for
Published 14 Sep, 2011 12:00am
Sindh government urged to declare Thatta a calamity hit area

Sindh government urged to declare Thatta a calamity hit area

The Sindh Minister for Jail Sadiq Ali Memon has recommended Sindh government to declare whole District Thatta as calamity hit area and provide sufficient funds to carryout relief, rehabilitation and reconstruction activities in the district.
Published 14 Sep, 2011 12:00am
NBP opens account for Prime Minister's flood relief fund

NBP opens account for Prime Minister's flood relief fund

National Bank of Pakistan has opened a donation collection account for Prime Minister's Flood Relief Fund-2011. The account 696969 titled as "Prime Minister Fund- 2011" is a current account and through this the donations and contributions would be receive
Published 14 Sep, 2011 12:00am
Despite non-payment of bill: SSGC providing 180mmcfd gas to KESC

Despite non-payment of bill: SSGC providing 180mmcfd gas to KESC

Despite non-payment of gas bill for the month of July 2011, the Sui Southern Gas Company (SSGC) is providing 180mmcfd gas to Karachi Electric Supply Company (KESC), which is its minimum and basic requirement, the SSGC sources said. According to the SSGC s
Published 14 Sep, 2011 12:00am
'Oversight of biological research activities enhanced'

'Oversight of biological research activities enhanced'

Ambassador Masood Khan has said that Pakistan has enhanced oversight of biological research activities through a three-tier system of National Biosafety, Technical Advisory and Institutional Biosafety Committees.
Published 14 Sep, 2011 12:00am
Farzana visiting Philippines for mutual cooperation

Farzana visiting Philippines for mutual cooperation

Federal Minister and Chairperson Benazir Income Support Programme (BISP) Farzana Raja arrived in Philippines on a high level visit. She is accompanied by Secretary BISP, Sher Khan along with others, says a press release received here on Tuesday.
Published 14 Sep, 2011 12:00am
Sindh floods and Nero's fiddle

Sindh floods and Nero's fiddle

As more rains play havoc with hapless millions across most of lower Sindh a controversy has erupted on political scene on the need to seek foreign relief assistance. PML (N) chief Nawaz Sharif has criticised the global appeal made by Prime Minister Gilani
Published 14 Sep, 2011 12:00am
Nothing should delay IP gas pipeline

Nothing should delay IP gas pipeline

According to a Business Recorder report, the Indian government is once again showing interest in the Iran-Pakistan gas pipeline project. For long known as IPI (Iran-Pakistan-India pipeline), the 'I' at the end had to be dropped back in 2009 after I
Published 14 Sep, 2011 12:00am
Energy autarky as a national policy

Energy autarky as a national policy

Pakistan has faced a series of energy crises since 2007. Unfortunately, however, it all had been predicted long ago but the concerned quarters did not lend an ear to the warning.
Published 14 Sep, 2011 12:00am
LNG: Why unwieldy long-term contracts?

LNG: Why unwieldy long-term contracts?

My question is why to make the LNG project so bulky as to render it subject to all kinds of political, financial, and other threats. Perhaps the argument is that a larger and longer-term deal would fetch better prices? Or it was feared that a lack of long
Published 14 Sep, 2011 12:00am
Bangladesh police 'death squad' under fire

Bangladesh police 'death squad' under fire

Bangladesh's feared Rapid Action Battalion police kill about 100 "criminals" a year, but when they shot 16-year-old Limon Hossain they discovered that their impunity might have limits. Hossain, a student who has become a symbol for anger over tactics comm
Published 14 Sep, 2011 12:00am
Rahman Malik

Rahman Malik

WikiLeaks had disclosed that Rahman Malik had offered the entire record of the National Database and Registration Authority (Nadra) to the United States so that it could easily track anyone suspected of being involved in terrorism.
Published 14 Sep, 2011 12:00am
'Issues of ST and IT returns high priority': commissioners informed

'Issues of ST and IT returns high priority': commissioners informed

Federal Board of Revenue Member Inland Revenue Shahid Hussain Asad has assured the Chief Commissioners of Large Taxpayer Units and Regional Tax Offices that the issues of the new sales tax and federal excise return and income tax return for Tax year 2011
Published 14 Sep, 2011 12:00am
Four judges transferred

Four judges transferred

Chief Justice Lahore High Court, Ijaz Ahmed Chaudhry here Tuesday made transfers and postings among four district and sessions judges (D&SJs) and 20 additional district and sessions judges (AD&SJs).
Published 14 Sep, 2011 12:00am
Hearing adjourned

Hearing adjourned

Hearing in a case pertaining to the recovery of over Rs 2.5 billion allegedly embezzled by the National Bank of Pakistan (NBP) high ups from the Staff Welfare Fund was adjourned Tuesday due to change in schedule of Chief Justice Iftikhar Muhammad Chaudhry
Published 14 Sep, 2011 12:00am
Mechanism to fix POL prices: Senate body asks Ogra for a briefing

Mechanism to fix POL prices: Senate body asks Ogra for a briefing

The Senate standing committee on cabinet secretariat has asked Oil and Gas Regulatory Authority (Ogra) to give a detailed briefing to the panel on how prices of different petroleum products were fixed. The committee, which met here with Senator Shahid Has
Published 14 Sep, 2011 12:00am
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