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Archive - 2011-11-05
Cyprus needs to raise taxes
Top News

Cyprus needs to raise taxes

NICOSIA : Cyprus may need to raise taxes to help it pull out of an economic crisis, central bank Governor Athanasios O
Published 05 Nov, 2011 01:07pm
PFD issues grant of Rs.5.15mn to TMA
Top News

PFD issues grant of Rs.5.15mn to TMA

BAHAWALPUR: Punjab Finance Department (PFD) has issued supplementary grant of more than Rs 5.15 million to Tehsil Munici
Published 05 Nov, 2011 09:09am
ATC indicts seven over Bhutto killing
Top News

ATC indicts seven over Bhutto killing

ISLAMABAD: Anti Terror Court (ATC) Saturday indicted two police officers and five alleged Taliban militants over the 200
Published 05 Nov, 2011 07:35am
Rupee moves both ways
Markets

Rupee moves both ways

RECORDER REPORT KARACHI : The rupee moved both ways against dollar on the currency market on Friday in the process of
Published 05 Nov, 2011 06:58am
US pledges financial aid
Top News

US pledges financial aid

WASHINGTON: The Obama administration is pledging robust assistance to Pakistan despite demands on U.S. finances and a so
Published 05 Nov, 2011 06:42am
IMF to remain engaged with Islamabad through policy advice

IMF to remain engaged with Islamabad through policy advice

The International Monetary Fund would remain engaged with Pakistan, through policy advice and technical assistance. David Hawley, Deputy Director, External Relations Department, IMF, during a press conference while responding to an on-line question asked
Published 05 Nov, 2011 12:00am
IMF to remain engaged with Islamabad through policy advice

IMF to remain engaged with Islamabad through policy advice

The International Monetary Fund would remain engaged with Pakistan, through policy advice and technical assistance. David Hawley, Deputy Director, External Relations Department, IMF, during a press conference while responding to an on-line question asked
Published 05 Nov, 2011 12:00am
IMF to remain engaged with Islamabad through policy advice

IMF to remain engaged with Islamabad through policy advice

The International Monetary Fund would remain engaged with Pakistan, through policy advice and technical assistance. David Hawley, Deputy Director, External Relations Department, IMF, during a press conference while responding to an on-line question asked
Published 05 Nov, 2011 12:00am
Zero rated sectors: FBR notifies revamped five percent reduced ST rate

Zero rated sectors: FBR notifies revamped five percent reduced ST rate

The Federal Board of Revenue (FBR) on Friday announced a revamped sales tax zero-rating regime for five export-oriented sectors including textile, leather, carpets, surgical and sports goods, and introduced a single 5 percent reduced rate for five export-
Published 05 Nov, 2011 12:00am
Zero rated sectors: FBR notifies revamped five percent reduced ST rate

Zero rated sectors: FBR notifies revamped five percent reduced ST rate

The Federal Board of Revenue (FBR) on Friday announced a revamped sales tax zero-rating regime for five export-oriented sectors including textile, leather, carpets, surgical and sports goods, and introduced a single 5 percent reduced rate for five export-
Published 05 Nov, 2011 12:00am
Zero rated sectors: FBR notifies revamped five percent reduced ST rate

Zero rated sectors: FBR notifies revamped five percent reduced ST rate

The Federal Board of Revenue (FBR) on Friday announced a revamped sales tax zero-rating regime for five export-oriented sectors including textile, leather, carpets, surgical and sports goods, and introduced a single 5 percent reduced rate for five export-
Published 05 Nov, 2011 12:00am
Commissionerate system restored?

Commissionerate system restored?

The Comisionerate system is said to have been restored once again in Sindh with the expiration of Sindh Local Government Ordinance (SLGO) 2001 on late Friday night. Sindh's Governor Dr Ishrat-ul-Ibad Khan re-promulgated SLGO 2001 in province on 7th August
Published 05 Nov, 2011 12:00am
Commissionerate system restored?

Commissionerate system restored?

The Comisionerate system is said to have been restored once again in Sindh with the expiration of Sindh Local Government Ordinance (SLGO) 2001 on late Friday night. Sindh's Governor Dr Ishrat-ul-Ibad Khan re-promulgated SLGO 2001 in province on 7th August
Published 05 Nov, 2011 12:00am
New bill to be tabled in Sindh Assembly: Ibad

New bill to be tabled in Sindh Assembly: Ibad

Sindh Governor Dr Ishrat-ul-Ibad Khan on Friday said that new local governments system's bill would be tabled in the provincial assembly with the consensus of all coalition partners. This he said while talking to a delegation of trainee officers of Pakist
Published 05 Nov, 2011 12:00am
New bill to be tabled in Sindh Assembly: Ibad

New bill to be tabled in Sindh Assembly: Ibad

Sindh Governor Dr Ishrat-ul-Ibad Khan on Friday said that new local governments system's bill would be tabled in the provincial assembly with the consensus of all coalition partners. This he said while talking to a delegation of trainee officers of Pakist
Published 05 Nov, 2011 12:00am
Bullish sentiments prevail on LSE

Bullish sentiments prevail on LSE

Equities on Friday registered gains amid bullish sentiments on the Lahore Stock Exchange (LSE), as investors made fresh entries in select scrips ahead of long break on account of Eid holidays. The LSE-25 index was increased by 46.35 points and was ended a
Published 05 Nov, 2011 12:00am
Bullish sentiments prevail on LSE

Bullish sentiments prevail on LSE

Equities on Friday registered gains amid bullish sentiments on the Lahore Stock Exchange (LSE), as investors made fresh entries in select scrips ahead of long break on account of Eid holidays. The LSE-25 index was increased by 46.35 points and was ended a
Published 05 Nov, 2011 12:00am
TCP tender: cane growers and millers jubilant

TCP tender: cane growers and millers jubilant

Sugarcane growers and millers are jubilant over the federal government's decision regarding purchase of sugar from local mills through Trading Corporation of Pakistan (TCP). TCP floated a tender to procure 200,000 tons sugar from member mills of Pakistan
Published 05 Nov, 2011 12:00am
TCP tender: cane growers and millers jubilant

TCP tender: cane growers and millers jubilant

Sugarcane growers and millers are jubilant over the federal government's decision regarding purchase of sugar from local mills through Trading Corporation of Pakistan (TCP). TCP floated a tender to procure 200,000 tons sugar from member mills of Pakistan
Published 05 Nov, 2011 12:00am
TCP tender: cane growers and millers jubilant

TCP tender: cane growers and millers jubilant

Sugarcane growers and millers are jubilant over the federal government''s decision regarding purchase of sugar from local mills through Trading Corporation of Pakistan (TCP). TCP floated a tender to procure 200,000 tons sugar from member mills of Pakistan
Published 05 Nov, 2011 12:00am
Indian Army says not 'correct' to revoke occupied Kashmir law

Indian Army says not 'correct' to revoke occupied Kashmir law

A top Indian army official says harsh emergency laws in occupied Kashmir should not be revoked until Pakistan ends its "interference" in the revolt-hit region. The draconian Armed Forces Special Powers Act (AFSPA) was introduced in 1990 to give the army a
Published 05 Nov, 2011 12:00am
Indian Army says not 'correct' to revoke occupied Kashmir law

Indian Army says not 'correct' to revoke occupied Kashmir law

A top Indian army official says harsh emergency laws in occupied Kashmir should not be revoked until Pakistan ends its "interference" in the revolt-hit region. The draconian Armed Forces Special Powers Act (AFSPA) was introduced in 1990 to give the army a
Published 05 Nov, 2011 12:00am
PML-N wants to enjoy double ride: Prime Minister

PML-N wants to enjoy double ride: Prime Minister

Prime Minister Syed Yusuf Raza Gilani on Friday said agitations and rallies posed no threat to democratic system, and if any political party resigns from assemblies, the vacant seats would be filled through by-polls. Talking to newsmen here he said the PM
Published 05 Nov, 2011 12:00am
PML-N wants to enjoy double ride: Prime Minister

PML-N wants to enjoy double ride: Prime Minister

Prime Minister Syed Yusuf Raza Gilani on Friday said agitations and rallies posed no threat to democratic system, and if any political party resigns from assemblies, the vacant seats would be filled through by-polls. Talking to newsmen here he said the PM
Published 05 Nov, 2011 12:00am
General elections to be held in 2013: Zardari

General elections to be held in 2013: Zardari

President Asif Ali Zardari said on Friday that general election would be held in 2013. This was stated by him during a meeting of Pakistan Peoples Party's think tank chaired by President Asif Ali Zardari in Bilawal House Karachi. Different issues like pol
Published 05 Nov, 2011 12:00am
General elections to be held in 2013: Zardari

General elections to be held in 2013: Zardari

President Asif Ali Zardari said on Friday that general election would be held in 2013. This was stated by him during a meeting of Pakistan Peoples Party's think tank chaired by President Asif Ali Zardari in Bilawal House Karachi. Different issues like pol
Published 05 Nov, 2011 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 05 Nov, 2011 12:00am
Madoff fund lawyer sues BNP for $1 billion

Madoff fund lawyer sues BNP for $1 billion

The liquidator of the collapsed Madoff Ponzi scheme has sued French bank BNP Paribas to recover nearly $1 billion he says BNP may have gotten from the investment fund, court papers showed Friday. Irving Picard, charged with trying to recover some of the t
Published 05 Nov, 2011 12:00am
Madoff fund lawyer sues BNP for $1 billion

Madoff fund lawyer sues BNP for $1 billion

The liquidator of the collapsed Madoff Ponzi scheme has sued French bank BNP Paribas to recover nearly $1 billion he says BNP may have gotten from the investment fund, court papers showed Friday. Irving Picard, charged with trying to recover some of the t
Published 05 Nov, 2011 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 05 Nov, 2011 12:00am
Madoff fund lawyer sues BNP for $1 billion

Madoff fund lawyer sues BNP for $1 billion

The liquidator of the collapsed Madoff Ponzi scheme has sued French bank BNP Paribas to recover nearly $1 billion he says BNP may have gotten from the investment fund, court papers showed Friday. Irving Picard, charged with trying to recover some of the t
Published 05 Nov, 2011 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Nov, 2011 12:00am
CIA following Twitter, Facebook

CIA following Twitter, Facebook

In an anonymous industrial park in Virginia, in an unassuming brick building, the CIA is following tweets up to 5 million a day. At the agency's Open Source Center, a team known affectionately as the "vengeful librarians" also pores over Facebook, newspap
Published 05 Nov, 2011 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Nov, 2011 12:00am
CIA following Twitter, Facebook

CIA following Twitter, Facebook

In an anonymous industrial park in Virginia, in an unassuming brick building, the CIA is following tweets up to 5 million a day. At the agency's Open Source Center, a team known affectionately as the "vengeful librarians" also pores over Facebook, newspap
Published 05 Nov, 2011 12:00am
CIA following Twitter, Facebook

CIA following Twitter, Facebook

In an anonymous industrial park in Virginia, in an unassuming brick building, the CIA is following tweets up to 5 million a day. At the agency''s Open Source Center, a team known affectionately as the "vengeful librarians" also pores over Facebook, newspa
Published 05 Nov, 2011 12:00am
Don't kill civilians, warns Mullah Omar

Don't kill civilians, warns Mullah Omar

Afghan Taliban leader Mullah Omar urged his fighters to avoid civilian casualties amid a rising toll of insurgent killing in a message released on the Taliban's website Friday. Omar was also quoted as saying he believed conflicts such as the decade-long A
Published 05 Nov, 2011 12:00am
Don't kill civilians, warns Mullah Omar

Don't kill civilians, warns Mullah Omar

Afghan Taliban leader Mullah Omar urged his fighters to avoid civilian casualties amid a rising toll of insurgent killing in a message released on the Taliban's website Friday. Omar was also quoted as saying he believed conflicts such as the decade-long A
Published 05 Nov, 2011 12:00am
10 million energy savers project bidding: Singaporean firm tops bidders

10 million energy savers project bidding: Singaporean firm tops bidders

A bidding for 10 million energy savers was held at the PIA building where a Singaporean company topped the bidders. The quotations of the bidders have been referred to the evaluation committee for further action. The project envisages purchase of 30 milli
Published 05 Nov, 2011 12:00am
10 million energy savers project bidding: Singaporean firm tops bidders

10 million energy savers project bidding: Singaporean firm tops bidders

A bidding for 10 million energy savers was held at the PIA building where a Singaporean company topped the bidders. The quotations of the bidders have been referred to the evaluation committee for further action. The project envisages purchase of 30 milli
Published 05 Nov, 2011 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (November 04, 2011).

Published 05 Nov, 2011 12:00am
10 million energy savers project bidding: Singaporean firm tops bidders

10 million energy savers project bidding: Singaporean firm tops bidders

A bidding for 10 million energy savers was held at the PIA building where a Singaporean company topped the bidders. The quotations of the bidders have been referred to the evaluation committee for further action. The project envisages purchase of 30 milli
Published 05 Nov, 2011 12:00am
Syrian 'nuclear' programme: A Q Khan rejects western media allegations

Syrian 'nuclear' programme: A Q Khan rejects western media allegations

Dr Abdul Qadeer Khan, the father of Pakistan's nuclear programme, on Friday strongly denied Western media allegations of his links with the Syrian nuclear weapon programme. Talking exclusively to Business Recorder, Khan categorically denied any role in Sy
Published 05 Nov, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (November 04, 2011).

Published 05 Nov, 2011 12:00am
Syrian 'nuclear' programme: A Q Khan rejects western media allegations

Syrian 'nuclear' programme: A Q Khan rejects western media allegations

Dr Abdul Qadeer Khan, the father of Pakistan's nuclear programme, on Friday strongly denied Western media allegations of his links with the Syrian nuclear weapon programme. Talking exclusively to Business Recorder, Khan categorically denied any role in Sy
Published 05 Nov, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (November 04, 2011).

Published 05 Nov, 2011 12:00am
US reins in drones over diplomatic concerns: report

US reins in drones over diplomatic concerns: report

The US spy agency has quietly tightened its rules on drone strikes in Pakistan over concerns about their impact on tense relations with Islamabad, the Wall Street Journal reported Thursday. The Journal, citing senior officials, said the new rules resulted
Published 05 Nov, 2011 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Friday (November 04, 2011).

Published 05 Nov, 2011 12:00am
US reins in drones over diplomatic concerns: report

US reins in drones over diplomatic concerns: report

The US spy agency has quietly tightened its rules on drone strikes in Pakistan over concerns about their impact on tense relations with Islamabad, the Wall Street Journal reported Thursday. The Journal, citing senior officials, said the new rules resulted
Published 05 Nov, 2011 12:00am
Rupee moves both ways

Rupee moves both ways

The rupee moved both ways against dollar on the currency market on Friday in process of trading, dealers said. The rupee shrugged off its overnight fall in relation to dollar, gaining five paisa for buying and selling at 86.09 and 86.13, they said.
Published 05 Nov, 2011 12:00am
Durrani takes over charge of IG NH&MP

Durrani takes over charge of IG NH&MP

The newly appointed Inspector General of National Highways and Motorway Police (NH&MP) Wajid Ali Durrani took over the charge of his office as the ninth IG of NH&MP here on Friday. Wajid held numerous important assignments in seven districts of Sindh. He
Published 05 Nov, 2011 12:00am
Rupee moves both ways

Rupee moves both ways

The rupee moved both ways against dollar on the currency market on Friday in process of trading, dealers said. The rupee shrugged off its overnight fall in relation to dollar, gaining five paisa for buying and selling at 86.09 and 86.13, they said.
Published 05 Nov, 2011 12:00am
Capital Police computerise internal system

Capital Police computerise internal system

Police have made all its internal system computerised, ie, electronic FIRs, driving licenses, human resource records and online Complaint Management system. This was stated by Director-IT, while speaking here at the inaugural ceremony of Islamabad Police
Published 05 Nov, 2011 12:00am
Engineering goods export rises 75.25 percent

Engineering goods export rises 75.25 percent

The export of engineering goods registered an increase of 75.25 percent during first quarter of current year over the same period of last year. The country has exported the commodities worth US $85.39 million during July-September 2011 whereas goods worth
Published 05 Nov, 2011 12:00am
Kayani visits Armoured Corps Centre Nowshera

Kayani visits Armoured Corps Centre Nowshera

Chief of Army Staff (CoAS), General Ashfaq Parvez Kayani visited Armoured Corps Centre Nowshera on Friday. His visit was in the backdrop of Armoured Corps Commanding Officers Conference, says an ISPR Press Release. The conference is a formal event aimed a
Published 05 Nov, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 04, 2011).

Published 05 Nov, 2011 12:00am
Kashmiris to observe Martyrs' Day tomorrow

Kashmiris to observe Martyrs' Day tomorrow

Kashmiris across the world will observe 64th Jammu Martyrs anniversary on November 6. The day would mark to remember the great sacrifices rendered by Kashmiris on November 6, 1947. The people would pay glowing tributes to martyrs. Indian troops used bruta
Published 05 Nov, 2011 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 04, 2011).

Published 05 Nov, 2011 12:00am
Export of sports goods increases by 5.39 percent to $79.469 million

Export of sports goods increases by 5.39 percent to $79.469 million

The exports of various sports goods increased by 5.39 percent during the first quarter of the current fiscal year as against the same period of last year. The overall sports goods' exports during July-September (2011-12) stood at $79.469 million against t
Published 05 Nov, 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 (November 04, 2011).

Published 05 Nov, 2011 12:00am
Seven-day old body of women recovered

Seven-day old body of women recovered

A seven-day old tortured body of a woman was recovered from bushes in Qayumabad area in the limits of Korangi Industrial area police station here on Friday. According to police, the identity of the victim was yet to be ascertained. The body was recovered
Published 05 Nov, 2011 12:00am
Imran lauds Chinese leadership for poverty alleviation

Imran lauds Chinese leadership for poverty alleviation

Chairman Pakistan Tehrik-e-Insaf Imran Khan, during his visit to China, lauded Chinese Communist Party's great achievements by introducing reforms. Talking to a private news channel on Friday, Khan said that the people of China under the leadership of Chi
Published 05 Nov, 2011 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (November 04, 2011).

Published 05 Nov, 2011 12:00am
Natural calamities hit health care facilities

Natural calamities hit health care facilities

Natural calamities that knocked the province during two years time have wiped out 270 healthcare facilities adding to the challenges of the Sindh government already exposed to severe financial crunch, said Provincial Minister for Health Dr Saghir Ahmed on
Published 05 Nov, 2011 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (November 04, 2011) and for Saturday (November 05, 2011).
Published 05 Nov, 2011 12:00am
Another infant from NICH kidnapped

Another infant from NICH kidnapped

Yet another infant has been kidnapped from the National Institute of Child Health on Friday. According to the police, the incident took place on Friday afternoon when a new-born baby boy of Rahib Ali, who is employed in the Sindh Education Department, was
Published 05 Nov, 2011 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (November 04, 2011).

Published 05 Nov, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 05 Nov, 2011 12:00am
CPLC, AVCC bust kidnappers' gang

CPLC, AVCC bust kidnappers' gang

Citizen Police Liaison Committee (CPLC) and Anti Violent Crime Cell (AVCC) on Friday claimed to have busted a gang of kidnappers. According to official sources, the family of a businessman, Qamaruddin, who was kidnapped on October, 21 2011 from the jurisd
Published 05 Nov, 2011 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 05 Nov, 2011 12:00am
Rehman directs fool-proof security setup on Eid

Rehman directs fool-proof security setup on Eid

Minister for Interior, Rehman Malik on Friday directed Islamabad Police to ensure fool-proof security arrangements for public and worship places, and important buildings on eve of Eidul Azha. He issued directions during a meeting held here to review law a
Published 05 Nov, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (November 04, 2011).

Published 05 Nov, 2011 12:00am
Prices of sacrificial animals increase manifold

Prices of sacrificial animals increase manifold

The owners of sacrificial animals have increased prices manifold on the eve of Eid-ul- Azha being celebrated on November 7, 2011, a survey conducted by Business Recorder revealed. A visit to different temporary markets in the twin cities of Rawalpi
Published 05 Nov, 2011 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (November 04, 2011).

Published 05 Nov, 2011 12:00am
Hiring butcher at reasonable charges not an easy task

Hiring butcher at reasonable charges not an easy task

The residents of federal capital are busy in finding butchers at reasonable charges for slaughtering their sacrificial animals, on Eid ul Azha days. Hiring a butcher is the preference for most people. However, engaging a competent person for the job often
Published 05 Nov, 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 November 01, 2011.

Published 05 Nov, 2011 12:00am
Meeting reviews security arrangements during Eid

Meeting reviews security arrangements during Eid

The meeting to review security arrangement on Eid-ul-Azha 2011 in the light of check list received from the Punjab govt held under the chairmanship of Divisional Commissioner Tahir Husain. The meeting was also attended by RPO Aftab Cheema and the officers
Published 05 Nov, 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 November 01, 2011.

Published 05 Nov, 2011 12:00am
No loadshedding during Eid holidays: KESC

No loadshedding during Eid holidays: KESC

Karachi Electric Supply Company has announced that there would be no loadshedding during Eid-ul-Azha holidays as a special gesture to the citizens on the festive occasion.
Published 05 Nov, 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 November 01, 2011.

Published 05 Nov, 2011 12:00am
Police help centres established at markets

Police help centres established at markets

Police has established "Police Help Service" centres at the main markets and other areas of the city to provide immediate assistance to the citizens in case of any complaint during Eid ul Azha.
Published 05 Nov, 2011 12:00am
The Weather

The Weather

The weather report on Friday (November 04, 2011) and the forecast for Saturday (November 05, 2011).

Published 05 Nov, 2011 12:00am
CDGK plans anti encroachment drive after Eid

CDGK plans anti encroachment drive after Eid

Land Acquisition Cell (LAC) of City District Government Karachi (CDGK) in Land and Revenue Department has planned to launch an anti encroachment operation in Block No 10 of Gulistan-e-Jauhar, near Kamran Chowrangi after Eid-ul-Azha to retrieve lands worth
Published 05 Nov, 2011 12:00am
MOL hands over relief goods to flood victims

MOL hands over relief goods to flood victims

MOL Pakistan, member of oil and gas giant MOL Group, handed over the consignment of relief items worth US $50,000 to help people of flood-affected districts of Tando Muhammad Khan and Sanghar here on Friday.
Published 05 Nov, 2011 12:00am
'Eid with Youth' begins

'Eid with Youth' begins

In a bid to encourage youth and new talent in business field, a three-day Business Promotion Exhibition "Eid with Youth" under the auspices of Women Business Development Centre (WBDC) here began. The Khyber-Pakhtunkhwa, Minister for Social Welfare and Wom
Published 05 Nov, 2011 12:00am
People advised to eat meat in moderate quantity on Eid

People advised to eat meat in moderate quantity on Eid

With Eid-ul-Azha is falling on Monday, health professionals have advised the people to eat meat in moderate quantity as overeating of meat can be dangerous for people with liver disorders as well as patients of diabetes, hepatitis and jaundice.
Published 05 Nov, 2011 12:00am
Prices of tomatoes sharply increase despite import

Prices of tomatoes sharply increase despite import

The price of tomato has been further increased by Rs,20 per kg or from Rs 100 per kg to Rs 120 per kg in retail market despite import from neighbouring countries It seems that consumers are not benefiting either because of costlier imports or huge profit
Published 05 Nov, 2011 12:00am
Increasing fares of inter-cities transport perturbs people

Increasing fares of inter-cities transport perturbs people

The people leaving for their hometowns are perturbed over increasing fares of inter-cities transport in wake of upcoming Eidul Azha. Huge rush is being observed in the vehicles while people are compelled to pay double the routine fares to celebrate Eidul
Published 05 Nov, 2011 12:00am
Arrangements for Iqbal Day

Arrangements for Iqbal Day

The government has chalked out elaborate arrangements to celebrate the Iqbal Day (birth anniversary) in a befitting manner, falling on Wednesday (November 9). As per details, special programme would be broadcast on radio Pakistan and television channels s
Published 05 Nov, 2011 12:00am
Suparco to begin PakSat-R1 services today

Suparco to begin PakSat-R1 services today

Member of the Space and Upper Atmosphere Research Commission (Suparco), Muhammad Riaz Sadal on Friday said Pakistan will successfully launch PakSat-R1 communication satellite services from Saturday. Talking to PTV, he said that PakSat-R1, a geostationary
Published 05 Nov, 2011 12:00am
Proposed MFN status to India: Ginners express reservation

Proposed MFN status to India: Ginners express reservation

The Pakistan Cotton Ginners Association (PCGA) leadership expressed its reservations on granting the status of 'most favoured nation' to India, describing it detrimental to Pakistan's cotton growers and ginners and said that the Parliament should reject t
Published 05 Nov, 2011 12:00am
PEF launches health education programmes in partner schools

PEF launches health education programmes in partner schools

Health Education Programme has been launched in the partner schools of the Punjab Education Foundation (PEF) to sensitise the students about the principles of general healthcare so that healthy youth could come out.
Published 05 Nov, 2011 12:00am
Confiscation of jailed cricketers' assets: LHC returns petition

Confiscation of jailed cricketers' assets: LHC returns petition

The Lahore High Court (LHC) here on Friday returned a petition seeking confiscation of assets owned by former captain of Pakistan cricket team Salman and two others Muhammad Asif and Muhammad Amir to the petitioner as he does not has locus standi.The peti
Published 05 Nov, 2011 12:00am
Portraits of cricketers burnt

Portraits of cricketers burnt

Scores of member of civil society staged a demonstration to condemn spot fixing by Pakistani cricketers and tarnishing the image of the country. The demonstrator burnt the portraits of Pakistan trio of Salman Butt, Mohammad Asif and Mohammad Amir who were
Published 05 Nov, 2011 12:00am
Etihad Airways begins flight to Maldives

Etihad Airways begins flight to Maldives

Etihad Airways, the national airline of the United Arab Emirates, marked its inaugural flight to the Republic of the Maldives by touching down in Malé to a colourful welcome in the capital. According to a Etihad Airways' spokesperson here on Friday, EY fl
Published 05 Nov, 2011 12:00am
Manual system restored to all education boards: LHC told

Manual system restored to all education boards: LHC told

The Punjab Government told the Lahore High Court (LHC) that manual system has been restored to all boards of intermediate & secondary education as online system has failed. This was stated by counsel for all education boards of Punjab during the hearing o
Published 05 Nov, 2011 12:00am
UK aid for Sindh flood victims arrives

UK aid for Sindh flood victims arrives

A ship laden with emergency aid provided by the UK Government has arrived in Karachi docks, to help thousands of children, women, and men who have lost their homes in southern Pakistan in this year's monsoon floods. The new aid includes emergency shelter
Published 05 Nov, 2011 12:00am
Vegetable prices show upward trend

Vegetable prices show upward trend

Prices of vegetables maintained an upward trend in the twin-city of Islamabad and Rawalpindi markets over the last couple of days. The rate list of different vegetables weekly bazaar and fruit Mandi issued by the Capital Development Authority (CDA) Direct
Published 05 Nov, 2011 12:00am
Towards the bottom in terms of income/well-being

Towards the bottom in terms of income/well-being

The London-based Legatum Institute ranked Pakistan 107th (fourth lowest in performance) amongst countries according to income and well-being. The three countries that performed even worse than Pakistan were Ethiopia, Zimbabwe and the Central African Repub
Published 05 Nov, 2011 12:00am
Chairperson's walkout

Chairperson's walkout

Members of parliament do stage walkouts, and quite often, as a mark of protest but the chair doesn't - until this Thursday when the acting Senate Chairperson Jan Muhammad Jamali adjourned the house to express his annoyance over the ministers' absence from
Published 05 Nov, 2011 12:00am
Agriculture PhDs and economic debacle?

Agriculture PhDs and economic debacle?

It was always assumed that the higher learning that was initiated by the ignorant powers of this world (including the first chairman of the research systems) would be able to do something. The first lot went for its PhD under the Agricultural Research Sys
Published 05 Nov, 2011 12:00am
A year out, Republicans in heated bid for White House

A year out, Republicans in heated bid for White House

The issues likely to motivate voters in the 2012 elections are already obvious, even if the names on the US ballot are far from certain. With unemployment hovering near 9 percent and the economy in the doldrums despite US President Barack Obama's stimulus
Published 05 Nov, 2011 12:00am
Five hundred days of solitude: Russia ends Mars experiment

Five hundred days of solitude: Russia ends Mars experiment

Russia is about to wrap up the longest isolation experiment in space travel history, with six men ending their virtual trip to Mars after 520 days on Friday. "They are looking forward to their exit just like children on Christmas Eve," says Martin Zell fr
Published 05 Nov, 2011 12:00am
The menace of the institution of banking

The menace of the institution of banking

In order that the sacred aim of equitable distribution of wealth is made a movement, to start with, the banks and other financial institutions must be transformed into investments and funds management institutions so that the rich may have access to the m
Published 05 Nov, 2011 12:00am
Two more die due to dengue

Two more die due to dengue

Another two people lost their lives due to dengue raising the total number of deaths in Punjab to 310 including 270 in Lahore due to this deadly virus. According to the report released by the Health Department Punjab, as many as 90 confirmed dengue patien
Published 05 Nov, 2011 12:00am
KBP threatens to launch protest movement

KBP threatens to launch protest movement

Kisan Board Pakistan (KBP) has warned the government of launching a country-wide protest movement against the government if demand of the growers ensuring availability of fertilisers is not met forthwith. This warning issued by the KBP District branches'
Published 05 Nov, 2011 12:00am
LHC disposes of contempt petition

LHC disposes of contempt petition

The Lahore High Court (LHC) disposed of a contempt petition after the Prosecution Department informed the court that cases of 87 prosecutors have been referred to Punjab Public Service Commission (PPSC) for their confirmation in the light of criteria set
Published 05 Nov, 2011 12:00am
Governor Punjab assures all help to textile exporters

Governor Punjab assures all help to textile exporters

Governor Punjab Sardar Latif Ahmad Khosa assured to help textile exporters in reduction of cost of production of exportable goods ensuring regular supply of gas and electricity, concessionary export finance and clearance of drawback and sales tax arrears.
Published 05 Nov, 2011 12:00am
UAF scientists introduce software for farmers

UAF scientists introduce software for farmers

The University of Agriculture Faisalabad scientists have introduced a software that gives experts' opinion about use and balanced quantity of fertiliser and other information for wheat crop for the farming community.
Published 05 Nov, 2011 12:00am
Wapda clarification

Wapda clarification

Pakistan Water and Power Development Authority (Wapda) has clarified a news item, appeared in a section of the media, regarding increase in the cost of Neelum Jhelum Hydropower Project (NJHP).
Published 05 Nov, 2011 12:00am
Nargis and Khushboo allowed to perform in stage drama

Nargis and Khushboo allowed to perform in stage drama

A civil court on Friday allowed two famous theatre stars Nargis and Khushboo to perform in a stage drama "Tera Jalwa" after suspending an order of Lahore District Co-ordination Officer (DCO) which had banned both stars allegedly for doing obscene dances.
Published 05 Nov, 2011 12:00am
Tetra Pak maximises recycling of UBC to reduce greenhouse gases

Tetra Pak maximises recycling of UBC to reduce greenhouse gases

Tetra Pak Pakistan is endeavouring to maximise recycling of its used-beverage cartons (UBC), which will help reduce greenhouse gases. Jawad Khan, Environment Manager of Tetra Pak, told a delegation of Forum of Environmental Journalist (FEJP) during their
Published 05 Nov, 2011 12:00am
Contract for walled city rehabilitation: LHC seeks reply in a petition

Contract for walled city rehabilitation: LHC seeks reply in a petition

The Lahore High Court here on Friday sought reply from Punjab secretary Planning and Development and others by November 15 in a petition of a construction company challenging award of contract for Walled City rehabilitation Projection to another.
Published 05 Nov, 2011 12:00am
MFN to India, but without market access

MFN to India, but without market access

Granting the most favoured nation (MFN) status to India does not mean market access: it is just fulfilment of WTO obligations. Important sectors of economy, like exporters and local manufacturers, feel very strongly that though Pakistan enjoys MFN status
Published 05 Nov, 2011 12:00am
Small traders say MFN status to India under US pressure

Small traders say MFN status to India under US pressure

Small traders believe Pakistan's decision to grant Most Favoured Nation (MFN) status to India has come under severe pressure from the United States, which is aimed at 'obliterating' the fragile economy of the country. They said Pakistan could not compete
Published 05 Nov, 2011 12:00am
TCP to tender for sugar purchase: PSMA lauds ministry

TCP to tender for sugar purchase: PSMA lauds ministry

Pakistan Sugar Mills Association (PSMA) Chairman Javed Kayani has greatly appreciated the decision taken by the Ministry of Industries to direct the Trading Corporation of Pakistan (TCP) for the purchase of 200,000 tons of sugar at the prevailing market p
Published 05 Nov, 2011 12:00am
Iesco Eid holidays

Iesco Eid holidays

Iesco has made special arrangements on the eve of Eid-ul-Azha holidays, while arranging special duties of Iesco's officers and officials. Iesco appeals to its all valued consumers to cooperate Iesco and in case of interruption in power supply they can con
Published 05 Nov, 2011 12:00am
Pakistan 'backtracked' on India trade status?

Pakistan 'backtracked' on India trade status?

A senior Indian government source accused Pakistan on Friday of backtracking since announcing it had granted its neighbour the trading status of Most Favoured Nation, but Islamabad immediately denied the allegation. The disagreement exposed potential hurd
Published 05 Nov, 2011 12:00am
India should remove NTBs: Aptma

India should remove NTBs: Aptma

Welcoming the MFN status for India in order to normalise trade between two countries Chairman All Pakistan Textile Mills Association (Aptma) Mohsin Aziz said India should remove Non-Tariff Barriers (NTBs) to make MFN status a success.
Published 05 Nov, 2011 12:00am
Dry weather likely during Eid days

Dry weather likely during Eid days

The Met Office on Friday forecasted dry weather in most parts of the country, especially along Sindh, Makran Coast during Eid days. In the fresh weather advisory, it said dry weather is likely to prevail in the northern areas on November 7 and November 8.
Published 05 Nov, 2011 12:00am
LSE Eid holidays

LSE Eid holidays

The Lahore Stock Exchange (LSE), in line with the government's decision regarding the Eid holidays, will remain closed from November 7 to 9, 2011 and will reopen on Thursday, November 10, 2011, says a circular issued by the Exchange.
Published 05 Nov, 2011 12:00am
Former banker shot dead, two attackers arrested

Former banker shot dead, two attackers arrested

A former banker and relative of a former judge Sindh High Court Zawar Hussain, was shot dead in the limits of Gulshan-e-Iqbal police station on Friday, while two of the attackers were arrested by a police party after a brief encounter. According to police
Published 05 Nov, 2011 12:00am
BoK celebrates 20th anniversary

BoK celebrates 20th anniversary

The Bank of Khyber (BoK) has celebrated 20th anniversary here on Friday. In this connection, a ceremony held to mark 20 year of excellence in banking and remarkable achievements during the period in a very simple manner. Bilal Mustafa, Managing Director,
Published 05 Nov, 2011 12:00am
One person shot dead in Khuzdar

One person shot dead in Khuzdar

Unidentified armed men shot dead one and wounded another person seriously here on Friday, police officials said. Both the victims identified as Abdul Malik and Abdul Khaliq were brothers and had been targeted due to old enmity.
Published 05 Nov, 2011 12:00am
CJP commends Asma's role, felicitates Yaseen Azad

CJP commends Asma's role, felicitates Yaseen Azad

The recently elected and the outgoing body of the Supreme Court Bar Association (SCBA) have shown firm commitment to establish strong nexus between the Bench and the Bar for achieving independence of judiciary. The SCBA office bearers paid a courtesy visi
Published 05 Nov, 2011 12:00am
Eid-ul-Azha: Pesco sets up crisis management cell

Eid-ul-Azha: Pesco sets up crisis management cell

The Peshawar Electricity Supply Company (Pesco) has established a crisis management cell aiming to deal with any emergency situation during the Eid-ul-Azha. All necessary arrangements have been made to keep the power supply smooth on the eve of religious
Published 05 Nov, 2011 12:00am
SECP to finalise revised draft of companies regulations soon

SECP to finalise revised draft of companies regulations soon

The Securities and Exchange Commission of Pakistan (SECP) held second roundtable meeting with external stakeholders in Lahore to finalise the revised draft of the Companies (Investment in Associated Companies and Associated Undertakings) Regulations, 2011
Published 05 Nov, 2011 12:00am
89,000 illegal pilgrims sent back

89,000 illegal pilgrims sent back

The Saudi Arabia Passport Department has sent back 89,000 people who were travelling to Makkah without Haj permit, majority of them were locals, while others belonged to different countries including Pakistan. According to a private news channel, the Pass
Published 05 Nov, 2011 12:00am
Fresh case of dengue fever reported in Khyber Pakhtunkhwa

Fresh case of dengue fever reported in Khyber Pakhtunkhwa

Khyber Pakhtunkhwa Directorate General Health of Services has reported a fresh case of dengue fever out of three suspected patients here on Friday. According to fresh report issued the KP Directorate of Health Services said that about three suspected case
Published 05 Nov, 2011 12:00am
Borjan organises competition at NUML

Borjan organises competition at NUML

Borjan organised a fun-filled competition "Are you the Digger strongman?" here at National University of Modern Languages (NUML) under the banner of Digger. The competition was held with the purpose to discover and promote the hidden talent of society, be
Published 05 Nov, 2011 12:00am
Saudi envoy meets Hina

Saudi envoy meets Hina

The Ambassador of Saudi Arabia Abdul Aziz bin Ibrahim bin Salih Al-Ghadeer called on the Foreign Minister Hina Rabbani Khar on Friday. The Foreign Minister lauded the efforts being made by the Ambassador in further strengthening the existing fraternal rel
Published 05 Nov, 2011 12:00am
Blast damages power pylons in Naseerabad

Blast damages power pylons in Naseerabad

Two power pylons of 220 kv transmission lines have been partially damaged in a blast occurred in the Chattar Tehsil of Naseerabad district, police said. Unidentified men had strapped explosives with the electricity towers carrying power supplies from Gidd
Published 05 Nov, 2011 12:00am
UN report points at higher poverty levels in India than Pakistan

UN report points at higher poverty levels in India than Pakistan

A United Nations report on global poverty, has pointed higher poverty levels in India than Pakistan and the world's second fastest growing economy has been ranked as poorer than Pakistan. The British newspaper Telegraph, citing the report also pointed mor
Published 05 Nov, 2011 12:00am
Khurram hails proposal to grant MFN status to India

Khurram hails proposal to grant MFN status to India

Khurram Sayeed, Executive Committee Member India-Pakistan Chamber of Commerce, Senior Vice-Chairman Petroleum Standing Committee of FPCCI and Chief Executive Planet Petrochemicals has welcomed the proposal to grant MFN status to India. He thanked the Prim
Published 05 Nov, 2011 12:00am
Japanese Ambassador meets IT secretary

Japanese Ambassador meets IT secretary

Japanese Ambassador to Pakistan Hiroshi called on Federal Secretary for Information Technology and Telecom, Saeed Ahmad Khan on Friday, wherein various bilateral issues were discussed. The Japanese ambassador appreciated that the growth of IT and Telecom
Published 05 Nov, 2011 12:00am
US MIDDAY: gold drops

US MIDDAY: gold drops

Gold fell on Friday, moving in sync with riskier assets, as fresh worries about the eurozone bailout fund and a lacklustre US nonfarm payrolls report were on track to snap the metal's three-day winning streak. Bullion came under pressure as the eurozone w
Published 05 Nov, 2011 12:00am
US MIDDAY: copper dips

US MIDDAY: copper dips

Copper slipped on Friday as demand prospects dimmed and new doubts arose about Europe's bailout package ahead of a crucial confidence vote in debt-ridden Greece. A mixed US job report failed to offset the gloom coming from Europe.
Published 05 Nov, 2011 12:00am
US MIDDAY: grains fall

US MIDDAY: grains fall

US grain futures fell more than 1 percent early on Friday as fresh doubts emerged over Europe's bailout package and traders evened positions ahead of a monthly US government crop supply-demand report next week. Jitters before a key vote in Greece over the
Published 05 Nov, 2011 12:00am
Gold falls in London

Gold falls in London

Gold fell on Friday after data showed the US economy generated fewer than expected jobs last month but enough to send unemployment to its lowest in six months, which boosted the dollar and other risk-linked assets. Spot gold fell 0.3 percent to $1,758.34
Published 05 Nov, 2011 12:00am
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