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Archive - 2011-09-20
At least 26 pilgrims killed in Mastung
Top News

At least 26 pilgrims killed in Mastung

QUETTA : Gunmen opened fire on a bus in Mastung, killing at least 26 pilgrims travelling to Iran , police said. Four
Published 20 Sep, 2011 01:51pm
Global turmoil to clip China growth: IMF
Top News

Global turmoil to clip China growth: IMF

BEIJING : The IMF on Tuesday cut its growth forecast for China's export-driven economy, saying that turmoil in Europe
Published 20 Sep, 2011 01:17pm
Pakistan condemns Rabbani killing
Top News

Pakistan condemns Rabbani killing

ISLAMABAD : The Pakistan i government on Tuesday swiftly condemned the assassination of Burhanuddin Rabbani, describin
Published 20 Sep, 2011 01:15pm
Obama meets interim Libyan leader
Top News

Obama meets interim Libyan leader

UNITED NATIONS : US President Barack Obama on Tuesday met Libya's interim leader Mustafa Abdel Jalil for the first time
Published 20 Sep, 2011 12:55pm
Romania's 2011 GDP revised upwards
Top News

Romania's 2011 GDP revised upwards

BUCHAREST : Romania 's economy will likely grow 1.7 percent this year boosted by a better-than-expected harvest, above
Published 20 Sep, 2011 12:53pm
Sweden announces 2012 crisis budget
Top News

Sweden announces 2012 crisis budget

STOCKHOLM : The Swedish government announced Tuesday a 15 billion krona (1.6 billion euro) budget for 2012 aimed at coun
Published 20 Sep, 2011 10:31am
ECB chief calls for new reforms in Spain
Top News

ECB chief calls for new reforms in Spain

MADRID : European Central Bank chief Jean-Claude Trichet pressed Spain to enact new, deep-rooted reforms to accelerate
Published 20 Sep, 2011 10:27am
Swiss cut 2012 growth forecast to 0.9pc
Top News

Swiss cut 2012 growth forecast to 0.9pc

GENEVA : The Swiss government on Tuesday cut its growth forecast for 2012 to 0.9 percent, citing a worsening world econo
Published 20 Sep, 2011 08:25am
One killed, five injured in Orakzai
Top News

One killed, five injured in Orakzai

KALAYA: Taliban militants attacked a security check post in the north-western Orakzai tribal region, killing one paramil
Published 20 Sep, 2011 06:21am
KCCI losing its relevance?
BR Research

KCCI losing its relevance?

The Karachi Chamber of Commerce and Industry (KCCI) prides in being the countrys most influential bastion of the interests of local industri
Published 20 Sep, 2011 12:00am
Bomb kills five, wounds 28 in Peshawar

Bomb kills five, wounds 28 in Peshawar

A motorcycle bomb killed at least five people and wounded 28 others at a market selling CDs here on Monday, officials said. "We have received five bodies and 28 wounded people from the blast site," Doctor Rahim Jan, who works at Peshawar's main government
Published 20 Sep, 2011 12:00am
Commerce Minister to start visit to India on September 25

Commerce Minister to start visit to India on September 25

Commerce Minister Amin Faheem is scheduled to leave for New Delhi on September 25 on 6-day official visit to India for discussing trade related issued between the two countries. An official in the Ministry of Commerce told APP here on Monday that the mini
Published 20 Sep, 2011 12:00am
Commerce Minister to start visit to India on September 25

Commerce Minister to start visit to India on September 25

Commerce Minister Amin Faheem is scheduled to leave for New Delhi on September 25 on 6-day official visit to India for discussing trade related issued between the two countries. An official in the Ministry of Commerce told APP here on Monday that the mini
Published 20 Sep, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

All-round gains were seen on the currency market on Monday as the rupee recovered versus dollar and euro, dealers said. The rupee continued its appreciation in relation to dollar, gaining 10 paisa for buying at 87.67 and by 11 paisa for selling at 87.72,
Published 20 Sep, 2011 12:00am
Commerce Minister to start visit to India on September 25

Commerce Minister to start visit to India on September 25

Commerce Minister Amin Faheem is scheduled to leave for New Delhi on September 25 on 6-day official visit to India for discussing trade related issued between the two countries. An official in the Ministry of Commerce told APP here on Monday that the mini
Published 20 Sep, 2011 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

All-round gains were seen on the currency market on Monday as the rupee recovered versus dollar and euro, dealers said. The rupee continued its appreciation in relation to dollar, gaining 10 paisa for buying at 87.67 and by 11 paisa for selling at 87.72,
Published 20 Sep, 2011 12:00am
UK police arrest seven in anti-terror operation

UK police arrest seven in anti-terror operation

British police arrested a group of suspected extremists on Monday in one of the most significant counter-terror operations of the year. Officers were also carrying out raids on several homes and a commercial property in the central city of Birmingham as p
Published 20 Sep, 2011 12:00am
UK police arrest seven in anti-terror operation

UK police arrest seven in anti-terror operation

British police arrested a group of suspected extremists on Monday in one of the most significant counter-terror operations of the year. Officers were also carrying out raids on several homes and a commercial property in the central city of Birmingham as p
Published 20 Sep, 2011 12:00am
Price monitoring body for import of 0.4 million tons of sugar

Price monitoring body for import of 0.4 million tons of sugar

The National Price Monitoring Committee (NPMC) has reportedly recommended to import 0.4 million metric tons of sugar to meet the domestic requirement, following damage of 30 percent sugarcane crop in Sindh province, it is learnt. A meeting of the National
Published 20 Sep, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 19, 2011).

Published 20 Sep, 2011 12:00am
Price monitoring body for import of 0.4 million tons of sugar

Price monitoring body for import of 0.4 million tons of sugar

The National Price Monitoring Committee (NPMC) has reportedly recommended to import 0.4 million metric tons of sugar to meet the domestic requirement, following damage of 30 percent sugarcane crop in Sindh province, it is learnt. A meeting of the National
Published 20 Sep, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 19, 2011).

Published 20 Sep, 2011 12:00am
Price monitoring body for import of 0.4 million tons of sugar

Price monitoring body for import of 0.4 million tons of sugar

The National Price Monitoring Committee (NPMC) has reportedly recommended to import 0.4 million metric tons of sugar to meet the domestic requirement, following damage of 30 percent sugarcane crop in Sindh province, it is learnt. A meeting of the National
Published 20 Sep, 2011 12:00am
Geithner rejects charges in new book

Geithner rejects charges in new book

US Treasury Secretary Timothy Geithner on Monday slammed the "sad little stories" of a new book that has exposed the White House's economic team to embarrassing scrutiny at a key political moment. Excerpts from "Confidence Men," by Ron Suskind, billed as
Published 20 Sep, 2011 12:00am
Geithner rejects charges in new book

Geithner rejects charges in new book

US Treasury Secretary Timothy Geithner on Monday slammed the "sad little stories" of a new book that has exposed the White House's economic team to embarrassing scrutiny at a key political moment. Excerpts from "Confidence Men," by Ron Suskind, billed as
Published 20 Sep, 2011 12:00am
Geithner rejects charges in new book

Geithner rejects charges in new book

US Treasury Secretary Timothy Geithner on Monday slammed the "sad little stories" of a new book that has exposed the White House''s economic team to embarrassing scrutiny at a key political moment. Excerpts from "Confidence Men," by Ron Suskind, billed as
Published 20 Sep, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (September 19, 2011).

Published 20 Sep, 2011 12:00am
Geithner rejects charges in new book

Geithner rejects charges in new book

US Treasury Secretary Timothy Geithner on Monday slammed the "sad little stories" of a new book that has exposed the White House''''s economic team to embarrassing scrutiny at a key political moment. Excerpts from "Confidence Men," by Ron Suskind, billed
Published 20 Sep, 2011 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (September 19, 2011).

Published 20 Sep, 2011 12:00am
300MMBTU additional gas by year-end: Dr Asim

300MMBTU additional gas by year-end: Dr Asim

Federal Minister for Petroleum and Natural Resources Dr Asim Hussain has said that about 300 Million British Thermal Units (MMBTU) additional gas will be available by the end of December this year. He said 100 MMBTU gas each is expected from the fields of
Published 20 Sep, 2011 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (September 19, 2011).

Published 20 Sep, 2011 12:00am
300MMBTU additional gas by year-end: Dr Asim

300MMBTU additional gas by year-end: Dr Asim

Federal Minister for Petroleum and Natural Resources Dr Asim Hussain has said that about 300 Million British Thermal Units (MMBTU) additional gas will be available by the end of December this year. He said 100 MMBTU gas each is expected from the fields of
Published 20 Sep, 2011 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (September 19, 2011).

Published 20 Sep, 2011 12:00am
300MMBTU additional gas by year-end: Dr Asim

300MMBTU additional gas by year-end: Dr Asim

Federal Minister for Petroleum and Natural Resources Dr Asim Hussain has said that about 300 Million British Thermal Units (MMBTU) additional gas will be available by the end of December this year. He said 100 MMBTU gas each is expected from the fields of
Published 20 Sep, 2011 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (September 19, 2011).

Published 20 Sep, 2011 12:00am
Desk audit of big entities directed

Desk audit of big entities directed

Federal Board of Revenue Member Inland Revenue and Director General Intelligence and Investigation Inland Revenue (IR) Shahid Hussain Asad has directed the Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to conduct desk audit of all corporate
Published 20 Sep, 2011 12:00am
Desk audit of big entities directed

Desk audit of big entities directed

Federal Board of Revenue Member Inland Revenue and Director General Intelligence and Investigation Inland Revenue (IR) Shahid Hussain Asad has directed the Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to conduct desk audit of all corporate
Published 20 Sep, 2011 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (September 19, 2011).

Published 20 Sep, 2011 12:00am
Desk audit of big entities directed

Desk audit of big entities directed

Federal Board of Revenue Member Inland Revenue and Director General Intelligence and Investigation Inland Revenue (IR) Shahid Hussain Asad has directed the Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to conduct desk audit of all corporate
Published 20 Sep, 2011 12:00am
FBR yet to issue withdrawal from FED notification

FBR yet to issue withdrawal from FED notification

The Sindh government believes that Centre is still creating hurdles in collecting Sales Tax on Services (SToS) because Federal Board of Revenue (FBR) has not issued notification of withdrawal from Federal Excise Duty (FED) despite passage of more than two
Published 20 Sep, 2011 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (September 19, 2011).

Published 20 Sep, 2011 12:00am
FBR yet to issue withdrawal from FED notification

FBR yet to issue withdrawal from FED notification

The Sindh government believes that Centre is still creating hurdles in collecting Sales Tax on Services (SToS) because Federal Board of Revenue (FBR) has not issued notification of withdrawal from Federal Excise Duty (FED) despite passage of more than two
Published 20 Sep, 2011 12:00am
FBR yet to issue withdrawal from FED notification

FBR yet to issue withdrawal from FED notification

The Sindh government believes that Centre is still creating hurdles in collecting Sales Tax on Services (SToS) because Federal Board of Revenue (FBR) has not issued notification of withdrawal from Federal Excise Duty (FED) despite passage of more than two
Published 20 Sep, 2011 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (September 19, 2011).

Published 20 Sep, 2011 12:00am
Coal mining, power generation project: MoU signed with Chinese company

Coal mining, power generation project: MoU signed with Chinese company

Sindh Chief Minister Qaim Ali Shah said on Monday that the government has assigned top priority to develop coal mining, coal-based power generation and other uses of coal by offering most attractive fiscal incentives. Speaking at the signing ceremony of a
Published 20 Sep, 2011 12:00am
Coal mining, power generation project: MoU signed with Chinese company

Coal mining, power generation project: MoU signed with Chinese company

Sindh Chief Minister Qaim Ali Shah said on Monday that the government has assigned top priority to develop coal mining, coal-based power generation and other uses of coal by offering most attractive fiscal incentives. Speaking at the signing ceremony of a
Published 20 Sep, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (September 19, 2011).

Published 20 Sep, 2011 12:00am
Coal mining, power generation project: MoU signed with Chinese company

Coal mining, power generation project: MoU signed with Chinese company

Sindh Chief Minister Qaim Ali Shah said on Monday that the government has assigned top priority to develop coal mining, coal-based power generation and other uses of coal by offering most attractive fiscal incentives. Speaking at the signing ceremony of a
Published 20 Sep, 2011 12:00am
LCCI elections for Corporate Class today

LCCI elections for Corporate Class today

The Lahore Chamber of Commerce and Industry (LCCI) elections for Corporate Class to be held on Tuesday (today) wherein around 1,942 corporate members would use their right of voting.
Published 20 Sep, 2011 12:00am
Chief Justice LHC takes suo motu notice against SHOs

Chief Justice LHC takes suo motu notice against SHOs

Chief Justice Lahore High Court Justice Ijaz Ahmad Chaudhary taking suo motu notice against the SHOs, police stations North Cantt, Defence and CIA Kotwali for separately got the cases on the charges of monetary dispute, registered against five of a family
Published 20 Sep, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (September 19, 2011).

Published 20 Sep, 2011 12:00am
Truckloads of relief items sent to Sindh

Truckloads of relief items sent to Sindh

People of the district despatched two truckloads of daily-use items to flood and rain affected of Sindh. The DCO Layyah saw off the trucks in a ceremony here on Monday. The goods consist 600 packets of food including pulses, sugar, ghee, chili, washing so
Published 20 Sep, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 20 Sep, 2011 12:00am
Power shortfall again rises to 3,500 megawatts

Power shortfall again rises to 3,500 megawatts

Electricity shortfall between demand and supply again rose to 3,500MW on Monday almost double in two days due to increased demand and decreased power generation especially by the Independent Power Producers (IPPs) Pakistan Electric Power Co (PEPCO) spokes
Published 20 Sep, 2011 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 20 Sep, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 19, 2011).

Published 20 Sep, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 19, 2011).

Published 20 Sep, 2011 12:00am
The Weather

The Weather

The weather report on Monday (September 19, 2011) and the forecast for Tuesday (September 20, 2011).

Published 20 Sep, 2011 12:00am
Government has failed to deliver: Nawaz

Government has failed to deliver: Nawaz

PML-N Chief Mian Nawaz Sharif has said that the government failed to deliver to the masses and it should be resigned. Talking to head of National Front and former Sindh Chief Minister Mumtaz Ali Bhutto at his residence here Monday, he asked the Prime Mini
Published 20 Sep, 2011 12:00am
PaCCS jurisdiction curtailed: all goods will be cleared through WeBOC

PaCCS jurisdiction curtailed: all goods will be cleared through WeBOC

Pakistan has reduced its reliance on the customs clearance system designed by foreign company, curtailing the jurisdiction of Pakistan Customs Computerised System (PaCCS) and allowing customs clearance of the PaCCS consignments from Model Customs Collecto
Published 20 Sep, 2011 12:00am
River Indus continues to flow in low flood

River Indus continues to flow in low flood

The Federal Flood Commission (FFC) on Monday said that River Indus continued to flow in low flood at Guddu with falling trend while all other main rivers Jhelum, Chenab, Ravi and Sutlej are normal. The actual river flows and reservoir elevations indicate
Published 20 Sep, 2011 12:00am
Flood-hit employees: PTCL launches relief operations

Flood-hit employees: PTCL launches relief operations

Pakistan Telecommunication Company Limited (PTCL), in order to ease the suffering of its employees and their families in rain- and flood-affected areas, is actively involved in providing them relief and work on their rehabilitation. PTCL has always suppor
Published 20 Sep, 2011 12:00am
MQM sets up field hospital for rain victims

MQM sets up field hospital for rain victims

Former Provincial Minister Abdul Rauf Siddiqui visited 10-bed free field hospital set up by Muttahida Qaumi Movement (MQM) at Nawabshah. The camp is providing free medical facilities to rain-hit people. Camp administration said that thousands of people we
Published 20 Sep, 2011 12:00am
Cut in Sindh ADP 2011-12 on the cards

Cut in Sindh ADP 2011-12 on the cards

In order to compensate the people who suffered irreparable losses due to heavy rains, Sindh government has been working to make a cut on the funds of Annual Development Program (ADP) 2011-12. Well-placed sources of Planning and Development (P&D) departmen
Published 20 Sep, 2011 12:00am
Marvi holds Sindh government responsible for flood losses

Marvi holds Sindh government responsible for flood losses

Former member National Assembly, Marvi Memon, said that Sindh province could have been saved from the present catastrophe had the Flood Inquiry Commission's recommendations been implemented in letter and spirit. Marvi held Sindh government responsible for
Published 20 Sep, 2011 12:00am
SPSC Hyderabad notification

SPSC Hyderabad notification

The Sindh Public Service Commission Hyderabad has announced the names of successful candidates who were interviewed for the post of lecturer/instructor Sindhi (male/female), lecturer/instructor physics (male) BPS-17 under Bureau of Curriculum & Extension
Published 20 Sep, 2011 12:00am
Students complain of water shortage in SU hostels

Students complain of water shortage in SU hostels

Vice-Chancellor Sindh University (SU) Dr Nazir A Mughal has advised the students to visit his office on any Monday which is open for the students without any prior appointment. He was talking with a group of students of various teaching institutes and dep
Published 20 Sep, 2011 12:00am
Relief work begins in Badin

Relief work begins in Badin

After devastation caused by heavy rains in Badin District, the relief work has started in a big way. The district government in collaboration with the national and international non-governmental organisations (NGOs) are providing ration and clean drinking
Published 20 Sep, 2011 12:00am
Flood-hit areas: SIUT camps treat over 500 patients daily

Flood-hit areas: SIUT camps treat over 500 patients daily

Skin diseases, diarrhea, malaria and respiratory tract infection are the most common ailments which were found among the flood affected population of Badin district. This was reported by the team of doctors of Sindh Institute of Urology and Transplantatio
Published 20 Sep, 2011 12:00am
ICAP elects office-bearers for 2011-12

ICAP elects office-bearers for 2011-12

The Council of the Institute of Chartered Accountants of Pakistan (ICAP) in its meeting held on September 17, 2011 elected office bearers for the term 2011-12. The Council unanimously elected Rashid Rahman Mir as President of the Institute, Khalid Rahman
Published 20 Sep, 2011 12:00am
Wapda officials visit flood-hit Sindh districts

Wapda officials visit flood-hit Sindh districts

In order to personally monitor and assess the flood situation on ground, Water and Power Development Authority (WAPDA) Chairman Shakil Durrani and a WAPDA team of technical experts visited flood-affected areas in Tando Muhammad Khan and Badin districts of
Published 20 Sep, 2011 12:00am
Help sought for Somalia people hit by famine

Help sought for Somalia people hit by famine

Following the financial aid for flood affected people of Sindh province, the Ummah Welfare Trust, a charity organisation, on Monday announced £5 million for famine-hit people of Somalia. A press release issued here by Ummah Media Cell said that the trust
Published 20 Sep, 2011 12:00am
Heavy rains damage standing crops in Khyber Pakhtunkhwa

Heavy rains damage standing crops in Khyber Pakhtunkhwa

The heavy rains that lashed Swabi, Charsadda and Mohmand Agency late Monday night created havoc by adversely affecting standing crops and disturbing the routine life of people. The monsoon rain brought change in the weather and people of the area have sta
Published 20 Sep, 2011 12:00am
All NTN holders: LTUs, RTOs told to enforce income tax return filing

All NTN holders: LTUs, RTOs told to enforce income tax return filing

The Federal Board of Revenue (FBR) has directed the Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to immediately enforce filing of income tax returns by each and every National Tax Number (NTN) holder under the plan to increase number of ret
Published 20 Sep, 2011 12:00am
Hunarmand programme: WBDC holds guidance session for women entrepreneurs

Hunarmand programme: WBDC holds guidance session for women entrepreneurs

Women Business Development Centre (WBDC), Khyber Pakhtunkhwa on Monday organised an orientation session for guidance of skilled women entrepreneurs about the Hunarmand Scheme. The skilled women entrepreneurs guided about the programme through a multi medi
Published 20 Sep, 2011 12:00am
Professional Competency Enhancement Programme for teachers begins

Professional Competency Enhancement Programme for teachers begins

Professional Competency Enhancement Programme for Teachers (PCEPT) has started at Federal Urdu University of Arts, Science and Technology (FUUAST), Islamabad by National Academy of Higher Education (NAHE) Learning Innovation Division of the Higher Educati
Published 20 Sep, 2011 12:00am
Zardari pays tributes to Murtaza Bhutto

Zardari pays tributes to Murtaza Bhutto

Paying tributes to Mir Murtaz Bhutto on his death anniversary to be marked on Tuesday (today) President and Co-Chairman of the Pakistan People's Party Asif Ali Zardari has said Mir Murtaza Bhutto will be remembered for refusing to give up opposition to di
Published 20 Sep, 2011 12:00am
Al Ghurair Giga Group launches WTC project

Al Ghurair Giga Group launches WTC project

Al Ghurair Giga Group, a renowned international real estate developer with major stakes in Pakistan and Middle East, launched another land mark project here in DHA phase II, says a press release issued here on Monday.
Published 20 Sep, 2011 12:00am
Monitoring WHT collection: LTUs, RTOs to nominate one commissioner

Monitoring WHT collection: LTUs, RTOs to nominate one commissioner

All Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) would nominate one Commissioner in each LTU/RTO for effective monitoring of withholding taxes under the national plan to increase revenue collection during current fiscal year for achievement
Published 20 Sep, 2011 12:00am
ANP not to allow use of KP land for terrorism: Hoti

ANP not to allow use of KP land for terrorism: Hoti

Chief Minister Khyber Pakhtunkhwa Ameer Haidar Khan Hoti has said that they would not allow use of their land for terrorism against any other country and expect others not to allow their land to be used against us. He said, enemy to religion, humanity and
Published 20 Sep, 2011 12:00am
National Foods profit after tax increases

National Foods profit after tax increases

The profit after tax of National Foods Limited has increased to Rs 230.597 million in the year ended June 30, 2011 (FY11) as compared to Rs 86.559 million earned in FY10. The company's earning per share increased to Rs 5.56 in the period under review agai
Published 20 Sep, 2011 12:00am
National Foods profit after tax increases

National Foods profit after tax increases

The profit after tax of National Foods Limited has increased to Rs 230.597 million in the year ended June 30, 2011 (FY11) as compared to Rs 86.559 million earned in FY10. The company's earning per share increased to Rs 5.56 in the period under review agai
Published 20 Sep, 2011 12:00am
Marks sheets sent to colleges by BIEK

Marks sheets sent to colleges by BIEK

The Board of Intermediate Education Karachi (BIEK) has notified for information of all concerned that the marks sheets of Science Pre-Engineering & Science General Groups Part-II for the Annual Examinations 2011 have been delivered to the colleges. The st
Published 20 Sep, 2011 12:00am
JCR-VIS reaffirms UBL Insurers' IFS rating

JCR-VIS reaffirms UBL Insurers' IFS rating

JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength rating of UBL Insurers Limited (UIL) at 'A' (Single A). Outlook on the assigned rating is 'Stable'. The rating derives strength from the financial strength of major sponso
Published 20 Sep, 2011 12:00am
JCR-VIS reaffirms UBL Insurers' IFS rating

JCR-VIS reaffirms UBL Insurers' IFS rating

JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength rating of UBL Insurers Limited (UIL) at 'A' (Single A). Outlook on the assigned rating is 'Stable'. The rating derives strength from the financial strength of major sponso
Published 20 Sep, 2011 12:00am
SU, East West Life Assurance company sign MoU

SU, East West Life Assurance company sign MoU

A memorandum of understanding (MoU) was signed by Sindh University (SU) and East West Life Assurance Company to provide health insurance to the faculty members and employees of the University. The MoU signing ceremony was arranged at the Sindh University
Published 20 Sep, 2011 12:00am
Indus Motor holds Kaizen Convention

Indus Motor holds Kaizen Convention

Indus Motor Company (IMC) held its 18th Annual Kaizen Convention recently at a local hotel in Karachi. Khawaja Muhammad Yousuf, CEO, National Productivity Organisation (NPO} was the Chief Guest. According to the press release, the convention was attended
Published 20 Sep, 2011 12:00am
Administrative Judge withdraws terrorism charges against KESC workers

Administrative Judge withdraws terrorism charges against KESC workers

Administrative Judge (AJ) of Anti-Terrorism Courts (ATCs), Karachi Division Justice Maqbool Baqar on Monday ordered deletion of Section 7 of Anti-Terrorism Act (ATA) from the case against leaders and employees of KESC Labour Union. The court issued this o
Published 20 Sep, 2011 12:00am
Government urged to reduce markup rates

Government urged to reduce markup rates

Vice-President, SAARC Chamber of Commerce and Industry, Iftikar Ali Malik has urged the government to reduce markup rates at least by one percent. He expressed that high markup rates is one of the biggest hurdle in the way of investment in the country To
Published 20 Sep, 2011 12:00am
IAPH elects Nasreen Haque as member of executive body

IAPH elects Nasreen Haque as member of executive body

Members of the Board of International Association of Ports and Harbours (IAPH), the Tokyo based organisation unilaterally representing the World Port Industry and protecting the interest of global ports, unanimously chose Nasreen Haque, Chairperson KPT to
Published 20 Sep, 2011 12:00am
Government-IPPs deal

Government-IPPs deal

The notice served on the government by the nine Independent Power Producers (IPPs) for invoking sovereign payment guarantees has finally forced the authorities to enter into a fresh agreement with these IPPs for the settlement of their receivables and ave
Published 20 Sep, 2011 12:00am
Suicide attack in Karachi

Suicide attack in Karachi

Of late there were ample signs suggesting that in the wake of the ongoing police-assisted paramilitary operation, life in Karachi was returning to normal. A number of criminal gangs had been busted and quite a few target-killers were apprehended, in addit
Published 20 Sep, 2011 12:00am
An unrealistic view

An unrealistic view

The Federal Finance Minister has said that Pakistan doesn't need further IMF support even though IMF has disbursed only $8.2 billion of the $11.4 billion under its Stand-By Arrangement (SBA). The Finance Minister sounded optimistic about Pakistan repaying
Published 20 Sep, 2011 12:00am
Cold, dim room sheds light on Singapore history

Cold, dim room sheds light on Singapore history

A nearly illegible letter from almost two centuries ago is kept in a dim, cold room in downtown Singapore accessible only to a privileged few via an electronic swipe card. In flowing script dated June 9, 1819, Singapore's colonial founder Stamford Raffles
Published 20 Sep, 2011 12:00am
Flood relief

Flood relief

The United Nations has launched a $365 million appeal under Rapid Response Plan for early recovery of 2011 flood victims in the country, pointing out that the government could not alone cope with the devastating situation. According to the UN humanitarian
Published 20 Sep, 2011 12:00am
Shell awards tractors to consumers

Shell awards tractors to consumers

Shell Pakistan Limited, the premier Oil and Lubricants Company, awarded two tractors on Monday to the winner's of the lucky draw for its promotional campaign which aimed at giving its valuable consumers a chance to participate and win multitude of prizes.
Published 20 Sep, 2011 12:00am
'Bachat Bazaar' concept turned into multi-million rupees business

'Bachat Bazaar' concept turned into multi-million rupees business

Profiteers Mafia has turned the concept of 'Bachat Bazaar, being arranged for the middle class citizens, into multi-million business as common man has failed to purchase his daily use essential commodities at nominally reduced rates, Business Recorder
Published 20 Sep, 2011 12:00am
BOC Pakistan re-brands as Linde Pakistan Limited

BOC Pakistan re-brands as Linde Pakistan Limited

An integration process that began five years ago to create a world leading gases and engineering company has reached a new milestone: BOC Pakistan Limited officially re-brands as Linde Pakistan Limited. Linde AG acquired The BOC Group in September 2006, f
Published 20 Sep, 2011 12:00am
Abdul Rauf elected chairman PHMA Southern Zone

Abdul Rauf elected chairman PHMA Southern Zone

Abdul Rauf Patel has been elected chairman Pakistan Hosiery Manufacturers and Exporters Association (PHMA) Southern Zone for 2011-2012. In the Zonal Committee meeting of Southern Zone, PHMA, the committee has unanimously elected Abdul Rauf Patel Chairman,
Published 20 Sep, 2011 12:00am
Blast at SSP house: Wasan announces Rs two million each for killed cops

Blast at SSP house: Wasan announces Rs two million each for killed cops

Sindh Home Minister Manzoor Hussain Wasan has announced rupees two million each for the policemen who lost their lives in the attack at the residence of SSP - CID, Karachi Police, Chaudhri Aslam here on Monday. The Minister, talking to media during his vi
Published 20 Sep, 2011 12:00am
President and Prime Minister condemn Karachi blast

President and Prime Minister condemn Karachi blast

President Asif Ali Zardari on Monday strongly condemned the blast outside the residence of Senior Superintendent of Police (SSP) Chaudhry Aslam in Karachi that killed eight peeople and injured many other. The President expressed deep grief over the loss o
Published 20 Sep, 2011 12:00am
CNG stations observe holiday

CNG stations observe holiday

All CNG filling stations of Lahore, Gujranwala, Sheikhupura, Sahiwal and Multan region remained closed on Monday to observe first weekly holiday, as announced by Sui Northern Gas Pipelines Limited (SNGPL). Passengers had to face immense problems for reach
Published 20 Sep, 2011 12:00am
FBR may acquire PaCCS

FBR may acquire PaCCS

If everything goes well, the Federal Board of Revenue (FBR), which has been dilly dallying in deciding about the purchase of Pakistan Automated Customs Computerised System (PaCCS) for last many months, has now finally expressed its desire to acquire the a
Published 20 Sep, 2011 12:00am
Karachi blast condemned

Karachi blast condemned

Chairman Senate, Farooq H. Naek and Deputy Chairman Senate, Mir Jan Muhammad Khan Jamali have condemned the suicide attack on residence of SSP, Karachi, which caused heavy loss to the lives and properties. In a message issued here on Monday, they termed i
Published 20 Sep, 2011 12:00am
Another consignment of mangoes sent to US

Another consignment of mangoes sent to US

Lutfabad Mango Farms Multan shipped another consignment of mangoes to Chicago (USA) on September 19. Major Tariq Khan (Retd), the owner and chief executive of Lutfabad Mango Farms, disclosed that another three shipments were in the pipeline for Chicago in
Published 20 Sep, 2011 12:00am
US MIDDAY: gold down two percent

US MIDDAY: gold down two percent

Gold lost its appeal as a safe haven on Monday, falling over 2 percent as fears of a Greek debt default and larger eurozone problems drove investors into bonds and the dollar. A meeting of European officials to tackle the region's debt crisis ended withou
Published 20 Sep, 2011 12:00am
US MIDDAY: copper falls

US MIDDAY: copper falls

Copper crumbled on Monday to its cheapest price since late November as investors, fearful about further tightening measures in China and an inability by policymakers to resolve Europe's debt crisis heavily, reduced their exposure to risky assets.
Published 20 Sep, 2011 12:00am
US MIDDAY: grains slump

US MIDDAY: grains slump

US grains slumped to their lowest in more than a month early on Monday on renewed concerns about Greek debt and pressure from a surging dollar. Weekend rains in some areas during planting season added to bearish sentiment about wheat, while corn pared los
Published 20 Sep, 2011 12:00am
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