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Archive - 2011-10-08
6th Expo Pakistan held from October 20
Top News

6th Expo Pakistan held from October 20

KARACHI : District Coordination Officer (DCO), Karachi Roshan Ali Shaikh has said that City District Government Kara
Published 08 Oct, 2011 01:08pm
Gold eases at Rs47,228 per 10 grams
Top News

Gold eases at Rs47,228 per 10 grams

KARACHI: Gold slipped by Rs86 to Rs47,228 per 10 grams in the local market Saturday, as its international price dipped t
Published 08 Oct, 2011 12:29pm
Moonis Elahi case adjourned till 12th
Top News

Moonis Elahi case adjourned till 12th

LAHORE : District and Sessions Judge Mujahid Mustaqim on Saturday adjourned till October 12 the hearing of case against
Published 08 Oct, 2011 12:28pm
Bank of Khyber opens branch in Sargodha
Top News

Bank of Khyber opens branch in Sargodha

RECORDER REPORT PESHAWAR : Managing Director Bank of Khyber (BoK) Bilal Mustafa inaugurated BoK Sargodha Branch on C
Published 08 Oct, 2011 10:51am
Rocket fired in Mand
Business & Finance

Rocket fired in Mand

QUETTA: Unidentified armed men fired a rocket in Mand area of Turbat at late night between Friday and Saturday. "Unknow
Published 08 Oct, 2011 09:01am
At least 35 killed in China car smash
Top News

At least 35 killed in China car smash

BEIJING: At least 35 people, most of them students, were killed when a car collided with a coach on a highway in norther
Published 08 Oct, 2011 03:56am
Index gains 14.84 points

Index gains 14.84 points

Despite foreign selling, the KSE-100 index on Friday gained 14.84 points to close at 11,853.84 points on the back of local investors and institutions' interest in some select stocks. Foreign investors remained on the selling side and withdrew $2.5 million
Published 08 Oct, 2011 12:00am
Index gains 14.84 points

Index gains 14.84 points

Despite foreign selling, the KSE-100 index on Friday gained 14.84 points to close at 11,853.84 points on the back of local investors and institutions'' interest in some select stocks. Foreign investors remained on the selling side and withdrew $2.5 millio
Published 08 Oct, 2011 12:00am
BRIndex30 up 69.41 points

BRIndex30 up 69.41 points

On Friday, the BRIndex30 opened at 8,893.28 points and remained in positive zone throughout the trading session. It touched the intra-day high of 8,995.58 points and low of 8,909.33 points, and closed at 8,962.69 points with a net positive change of 69.41
Published 08 Oct, 2011 12:00am
BRIndex30 up 69.41 points

BRIndex30 up 69.41 points

On Friday, the BRIndex30 opened at 8,893.28 points and remained in positive zone throughout the trading session. It touched the intra-day high of 8,995.58 points and low of 8,909.33 points, and closed at 8,962.69 points with a net positive change of 69.41
Published 08 Oct, 2011 12:00am
LSE index up 10.98 points

LSE index up 10.98 points

Equities on Friday moved both ways on Lahore Stock Exchange and ended in positive zone amid decreased turnover due to cautious approach on the part of investors ahead of weekend. The LSE-25 index gained 10.98 points at 3181.16 against 3170.18 points of Th
Published 08 Oct, 2011 12:00am
LSE index up 10.98 points

LSE index up 10.98 points

Equities on Friday moved both ways on Lahore Stock Exchange and ended in positive zone amid decreased turnover due to cautious approach on the part of investors ahead of weekend. The LSE-25 index gained 10.98 points at 3181.16 against 3170.18 points of Th
Published 08 Oct, 2011 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Friday where investors adopted cautious approach amid increase in index. ISE-10 Index showed an improvement of 1.19 points from 2,591.76 points to 2,592.95 points. Turnover amounted to 157,
Published 08 Oct, 2011 12:00am
Equities move both ways on ISE

Equities move both ways on ISE

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Friday where investors adopted cautious approach amid increase in index. ISE-10 Index showed an improvement of 1.19 points from 2,591.76 points to 2,592.95 points. Turnover amounted to 157,
Published 08 Oct, 2011 12:00am
PPP, PML-F in a row over portfolios

PPP, PML-F in a row over portfolios

The four ministers and advisors of Pakistan Muslim League Functional (PML-F) have refused to leave their portfolios, reliable sources told Business Recorder on Friday. The portfolios of Youth Affairs, Auqaf and Information Technology had been given
Published 08 Oct, 2011 12:00am
PPP, PML-F in a row over portfolios

PPP, PML-F in a row over portfolios

The four ministers and advisors of Pakistan Muslim League Functional (PML-F) have refused to leave their portfolios, reliable sources told Business Recorder on Friday. The portfolios of Youth Affairs, Auqaf and Information Technology had been given
Published 08 Oct, 2011 12:00am
Romney vows US military supremacy if elected

Romney vows US military supremacy if elected

Republican presidential candidate Mitt Romney vowed on Friday that if elected he would ensure US military supremacy world-wide as a counterweight to a rising China and other potential adversaries. Romney's foreign policy address at the Citadel military co
Published 08 Oct, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 08 Oct, 2011 12:00am
Romney vows US military supremacy if elected

Romney vows US military supremacy if elected

Republican presidential candidate Mitt Romney vowed on Friday that if elected he would ensure US military supremacy world-wide as a counterweight to a rising China and other potential adversaries. Romney's foreign policy address at the Citadel military co
Published 08 Oct, 2011 12:00am
Cash crunch forces NHA to stop NTC projects

Cash crunch forces NHA to stop NTC projects

Paucity of funds has forced the National Highway Authority (NHA) to stop construction of projects under the strategic National Trade Corridor (NTC), it is learnt. Informed sources in the Communication Ministry revealed that the outstanding liabilities of
Published 08 Oct, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 08 Oct, 2011 12:00am
Cash crunch forces NHA to stop NTC projects

Cash crunch forces NHA to stop NTC projects

Paucity of funds has forced the National Highway Authority (NHA) to stop construction of projects under the strategic National Trade Corridor (NTC), it is learnt. Informed sources in the Communication Ministry revealed that the outstanding liabilities of
Published 08 Oct, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Oct, 2011 12:00am
Cash crunch forces NHA to stop NTC projects

Cash crunch forces NHA to stop NTC projects

Paucity of funds has forced the National Highway Authority (NHA) to stop construction of projects under the strategic National Trade Corridor (NTC), it is learnt. Informed sources in the Communication Ministry revealed that the outstanding liabilities of
Published 08 Oct, 2011 12:00am
Board meetings in progress

Board meetings in progress

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

Published 08 Oct, 2011 12:00am
Work on Diamer Bhasha dam to begin on 18th: Prime Minister

Work on Diamer Bhasha dam to begin on 18th: Prime Minister

In a bid to defuse opposition criticism over power crisis, Prime Minister Syed Yousuf Raza Gilani on Friday announced that foundation stone of Diamer Bhasha dam will be laid on October 18. The announcement by prime minister in the National Assembly came a
Published 08 Oct, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Oct, 2011 12:00am
Work on Diamer Bhasha dam to begin on 18th: Prime Minister

Work on Diamer Bhasha dam to begin on 18th: Prime Minister

In a bid to defuse opposition criticism over power crisis, Prime Minister Syed Yousuf Raza Gilani on Friday announced that foundation stone of Diamer Bhasha dam will be laid on October 18. The announcement by prime minister in the National Assembly came a
Published 08 Oct, 2011 12:00am
Work on Diamer Bhasha dam to begin on 18th: Prime Minister

Work on Diamer Bhasha dam to begin on 18th: Prime Minister

In a bid to defuse opposition criticism over power crisis, Prime Minister Syed Yousuf Raza Gilani on Friday announced that foundation stone of Diamer Bhasha dam will be laid on October 18. The announcement by prime minister in the National Assembly came a
Published 08 Oct, 2011 12:00am
'Company directors must file e-returns'

'Company directors must file e-returns'

The Federal Board of Revenue has decided to make it mandatory for directors of the companies and corporate entities to electronically file income tax returns and withholding tax statements with complete tax related details to the tax department. In this c
Published 08 Oct, 2011 12:00am
'Company directors must file e-returns'

'Company directors must file e-returns'

The Federal Board of Revenue has decided to make it mandatory for directors of the companies and corporate entities to electronically file income tax returns and withholding tax statements with complete tax related details to the tax department. In this c
Published 08 Oct, 2011 12:00am
''Company directors must file e-returns''

''Company directors must file e-returns''

The Federal Board of Revenue has decided to make it mandatory for directors of the companies and corporate entities to electronically file income tax returns and withholding tax statements with complete tax related details to the tax department. In this c
Published 08 Oct, 2011 12:00am
Tube wells efficiency plan runs into snags

Tube wells efficiency plan runs into snags

The tube-wells efficiency programme, designed for conservation of 1500 MW electricity, has run into difficulties following imposition of 19 percent GST and federal excise duty (FED) by the government on agriculture machinery and equipment, it is learnt.
Published 08 Oct, 2011 12:00am
THE RUPEE: all-round fall

THE RUPEE: all-round fall

The rupee drifted lower in terms of dollar and euro on the currency market on Friday in process of strong demand for the greenback, dealers said.
Published 08 Oct, 2011 12:00am
Tube wells efficiency plan runs into snags

Tube wells efficiency plan runs into snags

The tube-wells efficiency programme, designed for conservation of 1500 MW electricity, has run into difficulties following imposition of 19 percent GST and federal excise duty (FED) by the government on agriculture machinery and equipment, it is learnt.
Published 08 Oct, 2011 12:00am
THE RUPEE: all-round fall

THE RUPEE: all-round fall

The rupee drifted lower in terms of dollar and euro on the currency market on Friday in process of strong demand for the greenback, dealers said.
Published 08 Oct, 2011 12:00am
Tube wells efficiency plan runs into snags

Tube wells efficiency plan runs into snags

The tube-wells efficiency programme, designed for conservation of 1500 MW electricity, has run into difficulties following imposition of 19 percent GST and federal excise duty (FED) by the government on agriculture machinery and equipment, it is learnt.
Published 08 Oct, 2011 12:00am
Obama tightens data security in wake of WikiLeaks

Obama tightens data security in wake of WikiLeaks

Stung by the WikiLeaks document dump, President Barack Obama signed a decree Friday aimed at shoring up US data security and avoiding a repeat of the massive leak that deeply embarrassed Washington last year. The White House said Obama signed the executiv
Published 08 Oct, 2011 12:00am
Obama tightens data security in wake of WikiLeaks

Obama tightens data security in wake of WikiLeaks

Stung by the WikiLeaks document dump, President Barack Obama signed a decree Friday aimed at shoring up US data security and avoiding a repeat of the massive leak that deeply embarrassed Washington last year. The White House said Obama signed the executiv
Published 08 Oct, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 07, 2011).

Published 08 Oct, 2011 12:00am
Rs 52.3 billion earmarked for Gilgit-Baltistan development: Gilani

Rs 52.3 billion earmarked for Gilgit-Baltistan development: Gilani

Prime Minister Syed Yusuf Raza Gilani on Friday said socio-economic development of Gilgit-Baltistan was a priority of the government and an amount of Rs 52.3 billion has been earmarked in the annual development programme (ADP) for 563 schemes.
Published 08 Oct, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 07, 2011).

Published 08 Oct, 2011 12:00am
Meeting reviews grey trafficking issue

Meeting reviews grey trafficking issue

In a follow up of an earlier meeting on the up-gradation of telecom sector of the country, President Asif Ali Zardari on Friday chaired a meeting at Aiwan-e-Sadr to review the progress made so far and to discuss the issue of grey trafficking.
Published 08 Oct, 2011 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (October 07, 2011).

Published 08 Oct, 2011 12:00am
Strike observed

Strike observed

Employees of Pakistan Post continued on Friday observing strike in Balochistan to press their demands. They locked premises of post offices in the provincial capital Quetta and other cities of the province. They staged demonstration to press their demands
Published 08 Oct, 2011 12:00am
Khyber Pakhtunkhwa: uplift package worth millions of rupees announced

Khyber Pakhtunkhwa: uplift package worth millions of rupees announced

Chief Minister Khyber Pakhtunkhwa, Ameer Haider Khan Hoti has said that ANP has not only accomplished objectives of its political manifesto but has also realised the promises made with the people in connection with the progress and development of the prov
Published 08 Oct, 2011 12:00am
Suparco holds 'Water Rocket Competition'

Suparco holds 'Water Rocket Competition'

A water rocket competition was held on October 6 among different public and private school teams. Water rockets are a well known medium for teaching students about the principles of rocket science. Students got an opportunity build and launch their own wa
Published 08 Oct, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (October 07, 2011) and for Saturday (October 08, 2011).
Published 08 Oct, 2011 12:00am
SHC issues notices against cooking oil manufacturers

SHC issues notices against cooking oil manufacturers

A division bench of Sindh High Court (SHC) on Friday issued notices in a constitutional petition challenging packaging of cooking oil and ghee. The petitioner alleged the owners of the Oil and Ghee Mills of compromising the health of consumers by using us
Published 08 Oct, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (October 07, 2011).

Published 08 Oct, 2011 12:00am
SECP's proposed amendments to Securities Rules vetted

SECP's proposed amendments to Securities Rules vetted

The amendments to the Securities (Leveraged Markets and Pledging) Rules, 2011, which were submitted by the Securities and Exchange Commission of Pakistan (SECP) for approval of the federal government, in August 2011, have been received back by the regulat
Published 08 Oct, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on October 04, 2011.

Published 08 Oct, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on October 04, 2011.

Published 08 Oct, 2011 12:00am
Flood victims in Sindh: Iran to spend $80 million for rebuilding houses

Flood victims in Sindh: Iran to spend $80 million for rebuilding houses

Iranian Government will spend $80 million to rebuild houses of the flood victims in Sindh, a spokesperson of National Disaster Management Authority (NDMA) revealed. An Iranian delegation headed by Managing Director Housing Society arrived in Pakistan on F
Published 08 Oct, 2011 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on October 04, 2011.

Published 08 Oct, 2011 12:00am
Food Department official killed, son hurt in Quetta

Food Department official killed, son hurt in Quetta

Unidentified armed men killed Food Dept official and injured his son and a pedestrian on Kasi road in the provincial capital on Friday. "Unknown gunmen riding a motor-bike opened fire at Food Dept official Idrees Ahmed and his son on Kasi road," police sa
Published 08 Oct, 2011 12:00am
Sindh University staff members attacked by miscreants

Sindh University staff members attacked by miscreants

University of Sindh Friday issued a notification in connection with the disturbance created by a student wing of a political party at the campus and forcibly stopping of point buses at various routes of the city. In a statement, the registrar of the varsi
Published 08 Oct, 2011 12:00am
Cotton production target likely to be 12.5 million bales this year

Cotton production target likely to be 12.5 million bales this year

Pakistan now expects to produce about 12.5 million cotton bales this year, as its production target has scaled down by 2.5 million bales due to heavy rains and floods which caused huge damages to crops in Sindh, said Secretary Textile Industry, Shahid Ras
Published 08 Oct, 2011 12:00am
CDGK avoids sharing information with media

CDGK avoids sharing information with media

District Co-ordination Officer (DCO) of city district government Karachi has directed the officers of all concerned departments to avoid sharing any information and interacting with media persons causing severe difficulties to them in getting access to th
Published 08 Oct, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 08 Oct, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 08 Oct, 2011 12:00am
Senate Chairman distributes relief goods

Senate Chairman distributes relief goods

Chairman Senate Farooq H. Naek said that Senate distributed Rs 20 million relief material among the rain-hit people. He was talking to media after distribution of relief material at a relief camp at Nawabshah on Friday. Senator Dr Seemeen of PML-Q, Senato
Published 08 Oct, 2011 12:00am
The Weather

The Weather

The weather report on Friday (October 07, 2011) and the forecast for Saturday (October 08, 2011).

Published 08 Oct, 2011 12:00am
Trade, industry welcome MQM's rejoining government

Trade, industry welcome MQM's rejoining government

The trade and industry has welcomed the MQM's decision to rejoin Federal and Provincial governments. The Patron-in-Chief, Korangi Association of Trade and Industry (KTI), Chairman Ehteshamuddin, Vice-Chairmen, Hasham A. Razzak and Tariq Malik and former C
Published 08 Oct, 2011 12:00am
Admiral Asif Sandila assumes command of Pakistan Navy

Admiral Asif Sandila assumes command of Pakistan Navy

Admiral M. Asif Sandila on Friday sworn in as Chief of the Naval Staff, during a Change of Command ceremony of Pakistan Navy held at PNS Zafar Naval Complex. He is the 19th Chief of the Naval Staff who took the command of Pakistan Navy.
Published 08 Oct, 2011 12:00am
Chairman SAI satisfied over decision to curb crimes

Chairman SAI satisfied over decision to curb crimes

Newly elected Chairman of Sites Association of Industry (SAI), Mohammad Irfan Moton has expressed great satisfaction over the interest being taken by the Sachal Rangers on the specific direction of the Chief of Army Staff for providing protection to the i
Published 08 Oct, 2011 12:00am
First impact study of microfinance sector discussed

First impact study of microfinance sector discussed

The Pakistan Microfinance Network (PMN) and Citi Foundation here at a seminar on Friday discussed the proposed methodology of the first ever comprehensive impact assessment study of the microfinance sector in Pakistan. According to a statement issued here
Published 08 Oct, 2011 12:00am
Veteran journalist passes away

Veteran journalist passes away

Salahuddin Muhammad, a veteran journalist from among the old lot dedicated to the profession, passed away in Lahore on Friday. He was father of Competition Commission of Pakistan (CCP) Chairperson Miss Rahat Kaunain Hassan. His funeral prayers were offere
Published 08 Oct, 2011 12:00am
Satellite video conferencing: President monitors flood relief activities

Satellite video conferencing: President monitors flood relief activities

As a part of his regular interactions with the elected representatives as well as concerned government officials of the flood affected areas of Sindh, President Asif Ali Zardari on Friday monitored the flood relief activities in three districts of Sindh n
Published 08 Oct, 2011 12:00am
Karachi: Supreme Court can only do so much

Karachi: Supreme Court can only do so much

For a better understanding of the Supreme Court's verdict, following its suo motu hearing of Karachi's unremitting violence and lawlessness, one should not forget that the court's proceedings were essentially inquisitorial, in that it has analysed and she
Published 08 Oct, 2011 12:00am
Balochistan cauldron

Balochistan cauldron

According to a press report, Interior Minister Rehman Malik briefed a special committee of the National Assembly on the situation in Balochistan, where the committee members noted with concern, the outlawed Laskhar-i-Jhangvi (LJ) had intensified its campa
Published 08 Oct, 2011 12:00am
A tryst with economic truth?

A tryst with economic truth?

Probably the greatest wrong that the Musharraf government gave to Pakistan was the perpetual lies that his PM and his economic team foisted on to the country. Old habits die hard and the continuation of those lies is now a way of life with the public func
Published 08 Oct, 2011 12:00am
US should talk to the Haqqanis

US should talk to the Haqqanis

While the 9/11 was a big tragedy and caused the loss of around 3000 human lives, it is an undeniable fact that hundreds of thousands of innocent Iraqis, Afghans, and Pakistanis have died in the last decade as a direct consequence of the hubris and irrespo
Published 08 Oct, 2011 12:00am
Climate change disasters in Pakistan

Climate change disasters in Pakistan

Pakistan is located in the most vulnerable region which is prone to intense climate change and natural disasters due to its diverse range of terrain stretching cylindrically from the Arabian Sea to the Himalayan peaks. The country is susceptible to wide-r
Published 08 Oct, 2011 12:00am
Dengue fever: patients need early attention

Dengue fever: patients need early attention

Early diagnosis and treatment of dengue fever is critical, because when the epidemic spreads and its frequency increases, it is hard to combat it. Once the prevention of dengue fever is unsuccessful, particularly in the rainy season, emphasis should be pu
Published 08 Oct, 2011 12:00am
Over two million borrowers of micro-loans in country: experts

Over two million borrowers of micro-loans in country: experts

The existing studies on the impact of micro-finance in Pakistan have looked at its on clients and have not studied the broader range of services, such as savings and insurance. The gap in this existing literature is that it is based on quantitative non-ex
Published 08 Oct, 2011 12:00am
EPD seals four commercial units

EPD seals four commercial units

CDGL Environment protection department (EPD), in connection with its anti-dengue campaign, sealed four commercial units on Multan road. EPD sources told newsmen on Friday that during inspection at Ali Park Multan road, four commercial units namely Allied
Published 08 Oct, 2011 12:00am
Mumtaz Qadri an undisputed national hero: Jamaat-e-Islami

Mumtaz Qadri an undisputed national hero: Jamaat-e-Islami

Mumtaz Qadri is undisputed hero of 180 million Pakistanis and court's verdict against him is highly regrettable, said Jamaat-e-Islami (JI) Karachi chapter Amir Muhammad Hussain Mehanti, addressing a big protest rally in front of Masjid-e-Khizra, Saddar, h
Published 08 Oct, 2011 12:00am
Incidents of crime reduced after Rangers patrolling: KATI body chief

Incidents of crime reduced after Rangers patrolling: KATI body chief

Incidents of crime have been visibly reduced after Rangers started patrolling in Korangi industrial area, Chairman, Law-and-Order Committee of Korangi Association of Trade and Industry (KATI), Nadim Khan, said. He expressed that crime rate will be further
Published 08 Oct, 2011 12:00am
Man found dead in police custody

Man found dead in police custody

A prisoner on Friday found dead in police custody in Brigade police station. According to the sources, the deceased Muhammad Ali, who was detained along with his accomplice namely Imran over the charge of robbery from Preedy street on October 5, 2011, los
Published 08 Oct, 2011 12:00am
Kidnapped brothers recovered from Lyari

Kidnapped brothers recovered from Lyari

Sindh police on Friday claimed to have recovered two siblings, who were abducted for ransom on October 5, 2011, in the jurisdiction of Preedy police station. According to the police, two abductees Shezad Ahmad and Jawad Ahmad, who were goldsmith by their
Published 08 Oct, 2011 12:00am
Chinese Ambassador calls on Hina

Chinese Ambassador calls on Hina

Chinese Ambassador to Pakistan Liu Jian called on Foreign Minister Hina Rabbani Khar here on Friday. The Ambassador informed the minister of the Chinese Government's decision to give $5 million in cash for flood affectees. He also informed that the China
Published 08 Oct, 2011 12:00am
Punjab chief minister launches anti-dengue facebook page

Punjab chief minister launches anti-dengue facebook page

Punjab Chief Minister, Muhammad Shahbaz Sharif formally launched Punjab government's facebook page at University of Lahore to promote public awareness for the eradication of dengue virus, here Friday. The face book page has been given the title of Shahbaz
Published 08 Oct, 2011 12:00am
Petitions against Musharraf LHC judge refers two cases to CJP

Petitions against Musharraf LHC judge refers two cases to CJP

Justice Sheikh Azmat Saeed of Lahore High Court here Friday referred two petitions against former dictator General Pervez Musharraf (Retd) to the chief justice for constitution of a larger bench, seeking prosecution on the charges of high treason.
Published 08 Oct, 2011 12:00am
Death sentence to Qadri: religious outfits hold protest rallies

Death sentence to Qadri: religious outfits hold protest rallies

Jamaat-ud-Dawah and many other religious organisations on Friday held protest rallies against Anti-Terrorism Court's decision of awarding death sentence to Malik Mumtaz Qadri, the self-confessed murderer of former Punjab governor Salmaan Taseer.
Published 08 Oct, 2011 12:00am
Chicken meat prices up by Rs 25 per kg

Chicken meat prices up by Rs 25 per kg

The prices of chicken meat have gone up by Rs 25 per kg from Rs 135 to Rs 160 per kg due to greater demand since the marriage season and moderate weather started in Punjab. Former President Pakistan Poultry Association (PPA) and a prominent exporter of ch
Published 08 Oct, 2011 12:00am
LHC concerned over corruption in Railways

LHC concerned over corruption in Railways

The Lahore High Court expressed serious concern on Friday over the state of affairs in Pakistan Railways (PR). The court while hearing a petition filed by the legal advisers to the Railways, remarked that the Railways has become a den of corruption and lo
Published 08 Oct, 2011 12:00am
D&SJ Pervez Ali Shah transferred

D&SJ Pervez Ali Shah transferred

Lahore High Court Chief Justice Ijaz Ahmad Chaudhry has transferred District & Sessions Judge Pervez Ali Shah, who had gone on leave after handing down a death sentence to Mumtaz Qadri. According to a notification issued here on Friday Pervez Ali has been
Published 08 Oct, 2011 12:00am
Dengue claims nine more lives

Dengue claims nine more lives

Dengue hemorrhagic fever claimed another nine lives during last 24 hours and the total number of death has reached to 186, of which 168 are from Lahore. Director General Health Punjab Dr Muhammad Aslam Chaudhry told reporters at a media briefing here on F
Published 08 Oct, 2011 12:00am
Musharraf never considered hanging Nawaz: APML

Musharraf never considered hanging Nawaz: APML

Spokesman All Pakistan Muslim League (APML) Fawwad Chaudhry on Friday said Musharraf government never considered option of hanging former Prime Minister Nawaz Sharif after deposing him in October 1999. He said, "the fate of Nawaz Sharif was not decided ba
Published 08 Oct, 2011 12:00am
Ayesha Malik granted interim bail

Ayesha Malik granted interim bail

A division bench of the Lahore Hight Court headed by Chief Justice Ijaz Ahmad Chaudhry on Friday granted interim bail till October 13th to Ayesha Ahad Malik, daughter of former MPA, Ahad Malik, in a petition challenging her arrest and ten days physical re
Published 08 Oct, 2011 12:00am
Substandard 'anti dengue' insecticide: LHC summons law officer

Substandard 'anti dengue' insecticide: LHC summons law officer

The Lahore High Court (LHC) Chief Justice Ijaz Ahmad Chaudhry here on Friday summoned the law officer to inform the court on October 21, as to why limits were put on the scope of inquiry into the matter of substandard insecticide spray against dengue.
Published 08 Oct, 2011 12:00am
Drone attacks: LHC adjourns case proceedings till October 13

Drone attacks: LHC adjourns case proceedings till October 13

Lahore High Court here Friday adjourned to October 13 the hearing of a petition filed by Ameer Jamaatud Dawa Hafiz Muhammad Saeed seeking halt of the US drone attacks as the law officer did not appear before the court due to bad health. The petitioner als
Published 08 Oct, 2011 12:00am
'Sincere efforts being made to eradicate dengue'

'Sincere efforts being made to eradicate dengue'

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that sincere and dedicated efforts are being made for the eradication of dengue virus and elected representatives, officers and experts are working as a team for coping with this challenge and servin
Published 08 Oct, 2011 12:00am
Major reshuffle in Sindh cabinet on

Major reshuffle in Sindh cabinet on

Major reshuffle in Sindh cabinet is on the cards and the portfolio of Planning and Development (P&D) would likely be given to Mazhar-ul-Haq, Minister for Education and Literacy, sources told Business Recorder on Friday. Sources said that Mazhar-ul-
Published 08 Oct, 2011 12:00am
Nawaz Sharif for banning political parties having militant wings

Nawaz Sharif for banning political parties having militant wings

Pakistan Muslim League-Nawaz (PML-N) chief Mian Muhammad Nawaz Sharif called on Friday for imposing ban on the political parties having militant wings. "Government knows very well about the political parties who have militant wings and in view of Supreme
Published 08 Oct, 2011 12:00am
Mithi, Diplo: major portion of cultivated land devastated

Mithi, Diplo: major portion of cultivated land devastated

The recent rains and floods have damaged 51,782 acres standing crops in Mithi and Diplo talukas of Tharparker while tens of thousands of farmers of these areas have been displaced. Executive District Officer of Revenue Department, Sardar Khan Jamali told
Published 08 Oct, 2011 12:00am
BoK opens branch in Sargodha

BoK opens branch in Sargodha

Managing Director Bank of Khyber (BoK) Bilal Mustafa on Friday inaugurated BoK Sargodha Branch on Club Road. Executive Director BoK, Javed Hashmat, Group Head HRD, Ayub Hamid, Acting Group Head Islamic Banking, Shabeer A Sheikh, SVP Branches Operations, K
Published 08 Oct, 2011 12:00am
CDGK to hold sixth Expo Pakistan from October 20

CDGK to hold sixth Expo Pakistan from October 20

City District Government Karachi will hold 6th Expo Pakistan as an international festival with the help of other government, semi-government organisations and private firms. The 6th Expo Pakistan is scheduled to be held from 20 to 23 October 2011 in Karac
Published 08 Oct, 2011 12:00am
405 outlaws held, arms, narcotics confiscated

405 outlaws held, arms, narcotics confiscated

Senior Superintendent of Police Khairpur, Irfan Baloch has informed, in the monthly performance report, that police arrested 368 absconders, 27 criminals/dacoits and 10 proclaimed offenders, whereas two dacoits were killed in encounter.
Published 08 Oct, 2011 12:00am
PTCL manages to penetrate into cement industry

PTCL manages to penetrate into cement industry

Pakistan Telecommunication Company Limited (PTCL) has successfully managed to penetrate in cement industry for provisioning of its top of line corporate services. According to the details, PTCL will be the provider of ICT services to DG Cement Company, on
Published 08 Oct, 2011 12:00am
PTCL manages to penetrate into cement industry

PTCL manages to penetrate into cement industry

Pakistan Telecommunication Company Limited (PTCL) has successfully managed to penetrate in cement industry for provisioning of its top of line corporate services. According to the details, PTCL will be the provider of ICT services to DG Cement Company, on
Published 08 Oct, 2011 12:00am
Eigth Annual Fulbright and Humphrey Alumni Conference launched

Eigth Annual Fulbright and Humphrey Alumni Conference launched

Alumni from Pakistan's Fulbright programme - the largest in the world- gathered here on Friday to launch the 8th Annual Fulbright and Humphrey Alumni Conference, which is focusing on the role alumni play in promoting the socio-economic development of Paki
Published 08 Oct, 2011 12:00am
Khyber Pakhtunkhwa health department confirms 220 dengue cases

Khyber Pakhtunkhwa health department confirms 220 dengue cases

Khyber Pakhtunkhwa Health Department has confirmed 220 dengue cases out of 538 reported in the province. According to a report issued here on Friday said that about 220 cases have been confirmed out of reported cases of 538. Around 62 patients are still u
Published 08 Oct, 2011 12:00am
Man murdered in Kalat

Man murdered in Kalat

A man has been murdered over a domestic dispute in Kalat, police said on Friday. "The relatives of one Abdul Sattar attacked him with dagger and clubs, injuring him," police said. He succumbed to his injuries on the way while he was being taken to hospita
Published 08 Oct, 2011 12:00am
Smuggled goods worth Rs 28.13 million seized

Smuggled goods worth Rs 28.13 million seized

Anti Smuggling Organisation (ASO) Model Customs Collectorate Lahore seized smuggled goods worth Rs 28.13 million during last month. According to ASO spokesmen, under the supervision of Assistant Collector Tauqeer Ahmed Dar and Superintendent Abdul Hameed
Published 08 Oct, 2011 12:00am
Gohar for setting up of provincial energy infrastructure board

Gohar for setting up of provincial energy infrastructure board

Gohar Ejaz, the immediate past central Chairman, said setting up of energy infrastructure board at provincial level is an urgent need of the hour. Gohar said the government should immediately announced infrastructure plan on energy up to 2030. Speaking at
Published 08 Oct, 2011 12:00am
Calligraphic paintings' exhibition from October 12

Calligraphic paintings' exhibition from October 12

The group calligraphic paintings exhibition of seven known artists of the country will get underway here at the Revivers Galleria Gulberg from October 12. The exhibition "The Art of Calligraphy," will continue till October 25 and will provide the art love
Published 08 Oct, 2011 12:00am
Diagnostic aspect of dengue virus needs much work: Dr Nawaz

Diagnostic aspect of dengue virus needs much work: Dr Nawaz

As many as 500 blood samples taken from the Lahore General Hospital, Jinnah Hospital, and Surgimaid Hospital have been tested and the type of dengue found resembled 98 percent to that of Indian dengue. Dr Idrees Khan-an expert revealed this in the fourth
Published 08 Oct, 2011 12:00am
Teenager killed in aerial firing

Teenager killed in aerial firing

A teenager, who received bullet injury from aerial firing during 'Rasm-e-Hina' in Batala colony area, died at a hospital on Friday. According to Batala police, aerial firing by young friends of Attique Ahmed during his Rasm-e-Hina caused head injury to a
Published 08 Oct, 2011 12:00am
LCCI says 250-300 basis points cut in policy rate direly needed

LCCI says 250-300 basis points cut in policy rate direly needed

The Lahore Chamber of Commerce and Industry on Friday said that 250 to 300 basis points cut in policy rate is direly needed for the jumpstart of the economy which is at standstill. LCCI President Irfan Qaiser said in a statement the cut in the policy rate
Published 08 Oct, 2011 12:00am
'Smeda playing pivotal role in industrial growth'

'Smeda playing pivotal role in industrial growth'

Vice President, Sialkot Chamber of Commerce and Industry (SCCI), Zafar Iqbal Geoffery has said that Small and Medium Enterprises Development Authority (Smeda) is rendering highly laudable services regarding industrial growth and development by holding tra
Published 08 Oct, 2011 12:00am
Over 2.118 million bales of cotton purchased till first October: PCGA

Over 2.118 million bales of cotton purchased till first October: PCGA

Pakistan Cotton Ginners Association (PCGA) Chairman Amanullah Qureshi has said that textile mills had purchased 2,118,639 bales of cotton till October 1st, 2011 and exporters had purchased 74,050 bales while unsold stock of 606,084 bales was lying in the
Published 08 Oct, 2011 12:00am
SAI chairman hails Rangers' performance

SAI chairman hails Rangers' performance

Newly-elected Chairman of Site Association of Industry (SAI), Mohammad Irfan Moton has expressed great satisfaction on the interest being taken by the Sachal Rangers on the specific direction of the Chief of Army Staff for providing protection to the indu
Published 08 Oct, 2011 12:00am
US MIDDAY: gold drops

US MIDDAY: gold drops

Gold fell more than 1 percent on Friday as investors quickly sold to raise cash to cover margin calls in the lower equity markets after Fitch downgraded the credit ratings of Spain and Italy. Despite Friday's pullback, gold is on track to notch its first
Published 08 Oct, 2011 12:00am
US MIDDAY: copper rises

US MIDDAY: copper rises

Copper capped its biggest weekly gain in more than six months with a 2 percent burst on Friday as encouraging US job data helped the metal recover after falling to a 14-month low early this week. Copper's failure to fall alongside other risk assets like o
Published 08 Oct, 2011 12:00am
US MIDDAY: corn and wheat down

US MIDDAY: corn and wheat down

US corn futures were down 1 percent early on Friday as the harvest in the Midwest grain belt advanced but for the week were on track to snap a five-week losing streak. A better-than-expected US nonfarm payrolls report helped put a floor under grain prices
Published 08 Oct, 2011 12:00am
Gold soars in Europe

Gold soars in Europe

Gold edged up on Friday, set for its biggest weekly gain in a month after US data showed the economy had generated more jobs in the last three months than previously thought but not fast enough to cut unemployment, which weighed on the dollar. US nonfarm
Published 08 Oct, 2011 12:00am
Gold climbs in Asia

Gold climbs in Asia

Gold headed on Friday for its biggest weekly gain in a month as equities regained strength after fresh European efforts to resolve the debt crisis eased worries about a global recession, while purchases from jewellers offered additional support.
Published 08 Oct, 2011 12:00am
US gold rises

US gold rises

Gold rose in thin trade for a second session on Thursday, boosted by a rally in equities and commodities after new liquidity measures from the European Central Bank fuelled economic optimism. Silver jumped more than 5 percent, rising in tandem with indust
Published 08 Oct, 2011 12:00am
Raw sugar rallies, coffee turns lower

Raw sugar rallies, coffee turns lower

ICE raw sugar futures climbed on Friday in fairly thin volume, boosted by speculative and fund buying, while arabica coffee tumbled in a flurry of late-day selling unmatched by roaster buying.
Published 08 Oct, 2011 12:00am
Malaysian palm oil dips

Malaysian palm oil dips

Malaysian palm oil fell on Friday and notched its worst weekly showing since June as short-sellers tapped on concerns of eurozone debt plunging the world into a recession. The sellers, led by a major Singapore-listed planter with assets in Asia, had earli
Published 08 Oct, 2011 12:00am
US corn and soya flat

US corn and soya flat

US corn and soyabean futures ended flat on Thursday, paring earlier gains as the harvest advanced under nearly perfect weather in the US Corn Belt. Wheat futures also opened higher before falling 1 percent on pressure from ample global supplies and foreca
Published 08 Oct, 2011 12:00am
Tokyo rubber futures up 2.6 percent

Tokyo rubber futures up 2.6 percent

Tokyo rubber futures ended 2.6 percent higher on Friday, supported by rising oil prices and easing concerns about Europe's debt crisis, but gains were capped by profit-taking ahead of the weekend, dealers said. The benchmark rubber contract on the Tokyo C
Published 08 Oct, 2011 12:00am
Oil falls on Spain, Italy downgrades

Oil falls on Spain, Italy downgrades

Oil prices fell on Friday after ratings agency Fitch downgraded credit ratings of Spain and Italy, reviving concerns about Europe's debt problems and also pressuring equities on Wall Street. Fitch cut Spain's credit ratings minutes after downgrading Italy
Published 08 Oct, 2011 12:00am
Copper surges two percent

Copper surges two percent

Copper rose 2 percent on Friday, as better-than-expected non-farm payrolls data from the United States supported hopes of an economic recovery and as efforts in Europe to contain the sovereign debt crisis drew some buyers back. Three-month copper on the L
Published 08 Oct, 2011 12:00am
US copper jumps

US copper jumps

In New York, the key December COMEX contract jumped 14.05 cents, or 4.5 percent, to settle at $3.2465 per lb on Thursday, near the upper end of its late $3.1185 to $3.2720 range. A little more than 49,000 lots traded in New York - half as active as during
Published 08 Oct, 2011 12:00am
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