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Archive - 2012-01-03
Panetta to guide US defence cuts
Top News

Panetta to guide US defence cuts

WASHINGTON : Defence Secretary Leon Panetta will this week unveil the results of a strategic review of US security inter
Published 03 Jan, 2012 09:50pm
France to push sales tax hike
Europe

France to push sales tax hike

PARIS: France plans to raise sales tax again before the April presidential poll to fund a cut in companies' social welfa
Published 03 Jan, 2012 07:34pm
Copper at 3-week high
Commodities

Copper at 3-week high

LONDON: Copper prices surged to a three-week high on Tuesday, lifted by an expansion in manufacturing activity in the Un
Published 03 Jan, 2012 05:43pm
Euro, stocks up, global data support
Top News

Euro, stocks up, global data support

NEW YORK : The euro and stocks advanced on Tuesday and US Treasuries fell as better-than-expected data in the United St
Published 03 Jan, 2012 05:08pm
Gold up at Rs 46,585
Top News

Gold up at Rs 46,585

KARACHI: Gold jumped by Rs 557 to close at Rs 46,585 per 10 grams in the local market Tuesday as its international price
Published 03 Jan, 2012 04:58pm
Iran currency recovers from sharp drop
Top News

Iran currency recovers from sharp drop

TEHRAN: Iran's currency, the rial, rebounded strongly on Tuesday, recovering completely from a dramatic 12-percent drop
Published 03 Jan, 2012 12:00pm
KSE mid day update
Top News

KSE mid day update

RECORDER REPORT KARACHI: On Tuesday, until 12:30 P.M., KSE-100 Index value was 11,315.81 with a net positive change o
Published 03 Jan, 2012 10:20am
Duty exemption
Top News

Duty exemption

RECORDER REPORT ISLAMABAD : The Federal Board of Revenue (FBR) has exempted from customs duty the import of Temozolom
Published 03 Jan, 2012 06:17am
Egypt polling stations open
Africa

Egypt polling stations open

SHARM EL-SHEIKH: Egyptians began voting on Tuesday in the final round of landmark parliamentary elections.   Small que
Published 03 Jan, 2012 06:15am
Spot gold eyes $1,629/oz
Top News

Spot gold eyes $1,629/oz

SINGAPORE: Spot gold is expected to clear a resistance at $1,588 per ounce and head towards $1,629 thereafter. A five-w
Published 03 Jan, 2012 03:58am
Inflation: single again
BR Research

Inflation: single again

The last month of 2011 offered a major surprise in inflation numbers. For the first time in 24 months, year-on-year inflation clocked in a s
Published 03 Jan, 2012 12:00am
Auto sector: gasping for gas
BR Research

Auto sector: gasping for gas

With more than 2.74 million vehicles and 3,285 gas stations (as of CY2010) Pakistan tops the list of countries having the most gas vehicles
Published 03 Jan, 2012 12:00am
EDB accuses car makers of making unreasonable profits

EDB accuses car makers of making unreasonable profits

The Engineering Development Board (EDB) has accused local car assemblers of raking in unreasonable profits from advance full payments typically deposited three to six months before delivery of a car. In a press release issued here on Monday by EDB, local
Published 03 Jan, 2012 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 (January 02, 2012).

Published 03 Jan, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (January 02, 2012).

Published 03 Jan, 2012 12:00am
10.87 percent rise in July-December CPI inflation

10.87 percent rise in July-December CPI inflation

The CPI inflation swelled by 10.87 percent during July-December 2011-12 over the same period of last year with persistent double digits inflation for last 42 months, according to Pakistan Bureau of Statistics (PBS). "The headline inflation has been in dou
Published 03 Jan, 2012 12:00am
10.87 percent rise in July-December CPI inflation

10.87 percent rise in July-December CPI inflation

The CPI inflation swelled by 10.87 percent during July-December 2011-12 over the same period of last year with persistent double digits inflation for last 42 months, according to Pakistan Bureau of Statistics (PBS). "The headline inflation has been in dou
Published 03 Jan, 2012 12:00am
10.87 percent rise in July-December CPI inflation

10.87 percent rise in July-December CPI inflation

The CPI inflation swelled by 10.87 percent during July-December 2011-12 over the same period of last year with persistent double digits inflation for last 42 months, according to Pakistan Bureau of Statistics (PBS). "The headline inflation has been in dou
Published 03 Jan, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (January 02, 2012) and for Tuesday (January 03, 2012).
Published 03 Jan, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (January 02, 2012).

Published 03 Jan, 2012 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 03 Jan, 2012 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 03 Jan, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (January 02, 2012).

Published 03 Jan, 2012 12:00am
Four-night weekly closure in Sindh, Hub

Four-night weekly closure in Sindh, Hub

Sui Southern Gas Company on Monday announced four-night weekly closure schedule of CNG stations in Sindh and Hub. According to SSGC, all CNG stations in Sindh and Hub will remain closed from 8:00pm till 7:00am from Tuesday to Friday.
Published 03 Jan, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (January 02, 2012).

Published 03 Jan, 2012 12:00am
Four-night weekly closure in Sindh, Hub

Four-night weekly closure in Sindh, Hub

Sui Southern Gas Company on Monday announced four-night weekly closure schedule of CNG stations in Sindh and Hub. According to SSGC, all CNG stations in Sindh and Hub will remain closed from 8:00pm till 7:00am from Tuesday to Friday.
Published 03 Jan, 2012 12:00am
The Weather

The Weather

The weather report on Monday (January 02, 2012) and the forecast for Tuesday (January 03, 2012).

Published 03 Jan, 2012 12:00am
Four-night weekly closure in Sindh, Hub

Four-night weekly closure in Sindh, Hub

Sui Southern Gas Company on Monday announced four-night weekly closure schedule of CNG stations in Sindh and Hub. According to SSGC, all CNG stations in Sindh and Hub will remain closed from 8:00pm till 7:00am from Tuesday to Friday.
Published 03 Jan, 2012 12:00am
Prime Minister directs energy body to formulate plan

Prime Minister directs energy body to formulate plan

Prime Min-ister Yousuf Raza Gilani chaired a meeting of energy committee, to review the contingency plan for power generation during the canals closure, an annual feature for desilting of the canals. During the meeting, situation related to the rise in th
Published 03 Jan, 2012 12:00am
Prime Minister directs energy body to formulate plan

Prime Minister directs energy body to formulate plan

Prime Min-ister Yousuf Raza Gilani chaired a meeting of energy committee, to review the contingency plan for power generation during the canals closure, an annual feature for desilting of the canals. During the meeting, situation related to the rise in th
Published 03 Jan, 2012 12:00am
Prime Minister directs energy body to formulate plan

Prime Minister directs energy body to formulate plan

Prime Min-ister Yousuf Raza Gilani chaired a meeting of energy committee, to review the contingency plan for power generation during the canals closure, an annual feature for desilting of the canals. During the meeting, situation related to the rise in th
Published 03 Jan, 2012 12:00am
Public transport: ban on CNG filling put off for 15 days

Public transport: ban on CNG filling put off for 15 days

The government on Monday lifted ban on filling of Compressed Natural Gas (CNG) in public transport for 15 days keeping in view the serious problems being faced by masses. It was decided in a meeting here on Monday with Mohammed Ijaz Chaudhry, Secretary Mi
Published 03 Jan, 2012 12:00am
Public transport: ban on CNG filling put off for 15 days

Public transport: ban on CNG filling put off for 15 days

The government on Monday lifted ban on filling of Compressed Natural Gas (CNG) in public transport for 15 days keeping in view the serious problems being faced by masses. It was decided in a meeting here on Monday with Mohammed Ijaz Chaudhry, Secretary Mi
Published 03 Jan, 2012 12:00am
Public transport: ban on CNG filling put off for 15 days

Public transport: ban on CNG filling put off for 15 days

The government on Monday lifted ban on filling of Compressed Natural Gas (CNG) in public transport for 15 days keeping in view the serious problems being faced by masses. It was decided in a meeting here on Monday with Mohammed Ijaz Chaudhry, Secretary Mi
Published 03 Jan, 2012 12:00am
Traders call strike in Lahore on January 14

Traders call strike in Lahore on January 14

All Pakistan Anjuman-e-Tajiran has announced a shutter down strike in Lahore on January 14 against massive gas and power load shedding. Chairman Anjuman-e-Tajiran Pakistan Ashraf Bhatti said this while talking to Business Recorder here Monday. He c
Published 03 Jan, 2012 12:00am
Traders call strike in Lahore on January 14

Traders call strike in Lahore on January 14

All Pakistan Anjuman-e-Tajiran has announced a shutter down strike in Lahore on January 14 against massive gas and power load shedding. Chairman Anjuman-e-Tajiran Pakistan Ashraf Bhatti said this while talking to Business Recorder here Monday. He c
Published 03 Jan, 2012 12:00am
Traders call strike in Lahore on January 14

Traders call strike in Lahore on January 14

All Pakistan Anjuman-e-Tajiran has announced a shutter down strike in Lahore on January 14 against massive gas and power load shedding. Chairman Anjuman-e-Tajiran Pakistan Ashraf Bhatti said this while talking to Business Recorder here Monday. He c
Published 03 Jan, 2012 12:00am
Formation of commission challenged

Formation of commission challenged

An application filed in Supreme Court (SC) on Monday challenges the formation of a Judicial Commission to investigate the Memogate scandal, arguing that every judge of the High Court has to seek leave of absence constitutionally and the Chief Justice of B
Published 03 Jan, 2012 12:00am
Formation of commission challenged

Formation of commission challenged

An application filed in Supreme Court (SC) on Monday challenges the formation of a Judicial Commission to investigate the Memogate scandal, arguing that every judge of the High Court has to seek leave of absence constitutionally and the Chief Justice of B
Published 03 Jan, 2012 12:00am
A bearish trend on KSE

A bearish trend on KSE

A bearish trend was witnessed on Karachi share market on Monday, the first session of 2012, and the KSE-100 index declined by 65.65 points to close at 11,282.01 points. The market opened on a positive note, but the index hit 11,193.63 points intra-day low
Published 03 Jan, 2012 12:00am
A bearish trend on KSE

A bearish trend on KSE

A bearish trend was witnessed on Karachi share market on Monday, the first session of 2012, and the KSE-100 index declined by 65.65 points to close at 11,282.01 points. The market opened on a positive note, but the index hit 11,193.63 points intra-day low
Published 03 Jan, 2012 12:00am
A bearish trend on KSE

A bearish trend on KSE

A bearish trend was witnessed on Karachi share market on Monday, the first session of 2012, and the KSE-100 index declined by 65.65 points to close at 11,282.01 points. The market opened on a positive note, but the index hit 11,193.63 points intra-day low
Published 03 Jan, 2012 12:00am
BRIndex30 up 35.52 points

BRIndex30 up 35.52 points

On Monday, the BRIndex30 opened at 8,263.81 points and remained in red for most of the trading session, except near the last hour when it became positive and remained positive till market closing. It touched the intra-day high of 8,315.52 points and low o
Published 03 Jan, 2012 12:00am
BRIndex30 up 35.52 points

BRIndex30 up 35.52 points

On Monday, the BRIndex30 opened at 8,263.81 points and remained in red for most of the trading session, except near the last hour when it became positive and remained positive till market closing. It touched the intra-day high of 8,315.52 points and low o
Published 03 Jan, 2012 12:00am
Mixed trend on LSE

Mixed trend on LSE

Mixed trend was witnessed on Lahore Stock Exchange on Monday and equities registered gains amid lack of interest on the part of investors who preferred to stay on the sidelines. The LSE-25 index improved by 23.09 points and closed at 2817.25 points agains
Published 03 Jan, 2012 12:00am
Mixed trend on LSE

Mixed trend on LSE

Mixed trend was witnessed on Lahore Stock Exchange on Monday and equities registered gains amid lack of interest on the part of investors who preferred to stay on the sidelines. The LSE-25 index improved by 23.09 points and closed at 2817.25 points agains
Published 03 Jan, 2012 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 34.84 points as the ISE Ten Index moved from 2,554.96 to 2,520.12
Published 03 Jan, 2012 12:00am
Bears dominate ISE

Bears dominate ISE

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 34.84 points as the ISE Ten Index moved from 2,554.96 to 2,520.12
Published 03 Jan, 2012 12:00am
Sarkozy 'knew about' arms kickbacks shell company: report

Sarkozy 'knew about' arms kickbacks shell company: report

President Nicolas Sarkozy knew about a shell company allegedly used to channel arms sales commissions to Pakistan and illegal party financing to France in the 1990s, French media reported Monday. The Liberation daily quoted testimony to a judge from a for
Published 03 Jan, 2012 12:00am
Sarkozy 'knew about' arms kickbacks shell company: report

Sarkozy 'knew about' arms kickbacks shell company: report

President Nicolas Sarkozy knew about a shell company allegedly used to channel arms sales commissions to Pakistan and illegal party financing to France in the 1990s, French media reported Monday. The Liberation daily quoted testimony to a judge from a for
Published 03 Jan, 2012 12:00am
Sarkozy ''knew about'' arms kickbacks shell company: report

Sarkozy ''knew about'' arms kickbacks shell company: report

President Nicolas Sarkozy knew about a shell company allegedly used to channel arms sales commissions to Pakistan and illegal party financing to France in the 1990s, French media reported Monday. The Liberation daily quoted testimony to a judge from a for
Published 03 Jan, 2012 12:00am
Sarkozy ''''knew about'''' arms kickbacks shell company: report

Sarkozy ''''knew about'''' arms kickbacks shell company: report

President Nicolas Sarkozy knew about a shell company allegedly used to channel arms sales commissions to Pakistan and illegal party financing to France in the 1990s, French media reported Monday. The Liberation daily quoted testimony to a judge from a for
Published 03 Jan, 2012 12:00am
Nato wants relations with Pakistan back on track

Nato wants relations with Pakistan back on track

Nato wants to get relations with Pakistan back on track "as quickly as possible" to reopen its key supply route for foreign troops fighting in Afghanistan, a coalition spokesman said on Monday. Pakistan closed its main trading route to Afghanistan in Nove
Published 03 Jan, 2012 12:00am
Nato wants relations with Pakistan back on track

Nato wants relations with Pakistan back on track

Nato wants to get relations with Pakistan back on track "as quickly as possible" to reopen its key supply route for foreign troops fighting in Afghanistan, a coalition spokesman said on Monday. Pakistan closed its main trading route to Afghanistan in Nove
Published 03 Jan, 2012 12:00am
Al Qaida, Taliban ask TTP for help

Al Qaida, Taliban ask TTP for help

Tehreek-e-Taliban commanders say prominent al Qaida and Afghan Taliban fighters have asked them to set aside differences and step up support for the battle against US-led forces in Afghanistan. The Pakistani Taliban commanders say the request came during
Published 03 Jan, 2012 12:00am
Al Qaida, Taliban ask TTP for help

Al Qaida, Taliban ask TTP for help

Tehreek-e-Taliban commanders say prominent al Qaida and Afghan Taliban fighters have asked them to set aside differences and step up support for the battle against US-led forces in Afghanistan. The Pakistani Taliban commanders say the request came during
Published 03 Jan, 2012 12:00am
India summons Chinese envoy over assault on diplomat

India summons Chinese envoy over assault on diplomat

India on Monday summoned Beijing's deputy chief of mission in New Delhi to complain about a courtroom assault on an Indian diplomat in the Chinese city of Yiwu, officials and reports said. Zhang Yue was called to the Indian foreign ministry after the inci
Published 03 Jan, 2012 12:00am
India summons Chinese envoy over assault on diplomat

India summons Chinese envoy over assault on diplomat

India on Monday summoned Beijing's deputy chief of mission in New Delhi to complain about a courtroom assault on an Indian diplomat in the Chinese city of Yiwu, officials and reports said. Zhang Yue was called to the Indian foreign ministry after the inci
Published 03 Jan, 2012 12:00am
Dry, cold weather forecast for Quetta

Dry, cold weather forecast for Quetta

The Met Office has forecast dry and cold weather for the city on Tuesday with the maximum temperature expected to range between 10 to 12 degrees Centigrade. Dry and cold weather has been forecast for the rest of the region also. On Monday, the highest tem
Published 03 Jan, 2012 12:00am
Government not in a position to create new provinces: experts

Government not in a position to create new provinces: experts

The PPP-led coalition government does not have the required 2/3rd majority in the Parliament and the Punjab Assembly for creation of a new province, political and constitutional experts told Business Recorder here on Monday. They were commenting on
Published 03 Jan, 2012 12:00am
Punjab University vice chancellor completes tenure

Punjab University vice chancellor completes tenure

Appointed on January 3, 2008, four-year tenure of Professor Dr Mujahid Kamran as Punjab University Vice-Chancellor completed here on Monday. During his period as Vice-Chancellor, Professor Dr Mujahid Kamran took revolutionary steps for the progress of the
Published 03 Jan, 2012 12:00am
PML-N Multan body dissolved

PML-N Multan body dissolved

Pakistan Muslim League-Nawaz (PML-N) Chief Nawaz Sharif has dissolved PML-N's organisational structures in Multan's cantonment board like rest of the country with immediate effect. The office of PML-N district president is lying vacant as Memona Hashmi MN
Published 03 Jan, 2012 12:00am
LHC summons AC on contempt plea

LHC summons AC on contempt plea

The Lahore High Court on Monday summoned Assistant Commissioner Model Town and Secretary Market Committee to appear before the court on Tuesday (today) in a contempt petition against not opening exit and entry points of Kot Lakhpat Fruit and Vegetable Mar
Published 03 Jan, 2012 12:00am
Government to allow Railways to set up dry port near Raiwind

Government to allow Railways to set up dry port near Raiwind

The government has decided to allow Pakistan Railways to establish a new dry port, on the basis of public-private partnership (PPP) at Prem Nagar, near Raiwind, sources close to FBR Chairman told Business Recorder. They said that it has been the de
Published 03 Jan, 2012 12:00am
Vehicle owners returning to petrol!

Vehicle owners returning to petrol!

Rising CNG price and closure of CNG stations have forced vehicle owners and public transport to reconvert their vehicles on petrol and diesels to keep them operative following CNG crisis. Transport owners operating their vehicles for schools, colleges and
Published 03 Jan, 2012 12:00am
e-challans for fee payment: SECP introduces new procedure

e-challans for fee payment: SECP introduces new procedure

The Securities and Exchange Commission of Pakistan (SECP) has enabled automatic verification of e-Challans for payment of fee to it. The new procedure shall be implemented with effect from Wednesday (today), and is only available for online applications.
Published 03 Jan, 2012 12:00am
Three brothers kidnapped in Nasirabad

Three brothers kidnapped in Nasirabad

Unidentified armed men on Monday kidnapped three brothers from the jurisdiction of Police Statioin Mir Hasan of Nasirabad district. Police said that three brothers including Ayyub, Mehwal and Dilbar riding in their car were on their way in Poro bridge are
Published 03 Jan, 2012 12:00am
Tributes paid to late Brigadier Qamar-us-Salam Khan

Tributes paid to late Brigadier Qamar-us-Salam Khan

Rich tributes were paid to late Brigadier Qamar-us-Salam Khan (Retd), a member of the Board of Governors of Sir Syed University of Engineering and Technology (SSUET) at a memorial meeting held at the University campus recently.
Published 03 Jan, 2012 12:00am
Karachi University MBBS exams result announced

Karachi University MBBS exams result announced

The University of Karachi on Monday announced the results of MBBS Third Professional Supplementary Examination 2011. As many as 107 candidates appeared in the examination and 77 were declared successful with a pass percentage of 71.96. A KU statement said
Published 03 Jan, 2012 12:00am
Malaria, skin infection and malnutrition haunts flood victims in Sindh

Malaria, skin infection and malnutrition haunts flood victims in Sindh

A significant number of rain victims, that hit Sindh sometime back, continue to suffer from malaria, skin infections, malnutrition and chest infections, said Bilal Maqbool, President, Pakistan Society of Health System Pharmacists (PSHP). Speaking at a cer
Published 03 Jan, 2012 12:00am
PTI rejects gas price hike

PTI rejects gas price hike

Pakistan Tahreek-e-Insaf has on Monday rejected the gas price-hike and announced to launch protests against the price increase and load shedding. While addressing a press conference, PTI leaders Justice Wajihuddin (Retd) and Ahsan Rasheed said the recent
Published 03 Jan, 2012 12:00am
'Pakistan attaches great importance to relations with Tajikstan'

'Pakistan attaches great importance to relations with Tajikstan'

Speaker National Assembly Dr Fehmida Mirza said that Tajikistan and Pakistan are intertwined in bonds of religion, culture and history, therefore, Pakistan attaches great importance to its relations with Tajikistan. She said that Pakistan strongly desire
Published 03 Jan, 2012 12:00am
New provinces: Draft of 20th Amendment bill submitted by MQM

New provinces: Draft of 20th Amendment bill submitted by MQM

Muttahida Qaumi Movement (MQM) on Monday submitted the draft of 20th Amendment bill in the National Assembly Secretariat for creation of new provinces in the country. The MQM also submitted two resolutions in the Senate on Monday demanding creation of Haz
Published 03 Jan, 2012 12:00am
Paramedics ask government to withdraw CSHP Ordinance

Paramedics ask government to withdraw CSHP Ordinance

Paramedical staff protesting against the career structure on Monday, asked the government to withdraw Career Structure for Health Personnel (CSHP) Ordinance, 2011. Protesting in front of Parliament House, Employees of Federal Government Hospitals raised s
Published 03 Jan, 2012 12:00am
Haroon Farooki felicitated

Haroon Farooki felicitated

Vice Chairman Businessmen Group (BMG) and former President Karachi Chamber of Commerce and Industry (KCCI) Haroon Farooki has been appointed as member of the Board of Trustees of Karachi Port Trust (KPT). Federal Ministry of Ports and Shipping has notifie
Published 03 Jan, 2012 12:00am
Drug peddlers, gamblers held

Drug peddlers, gamblers held

The police have arrested three drug peddlers in the city. Police said on Monday that a PS City police party recovered 430 packets of narcotics from a suspect during snap checking at Mizan Chowk. In another incident, police arrested two gamblers from Archa
Published 03 Jan, 2012 12:00am
Cop gunned down

Cop gunned down

Unidentified armed men gunned down a police constable in Hub Town on Monday. Police said unknown gunmen riding a bike opened fire at a police constable, namely, Azimullah on Sakran Road and killed him. However the assailants managed to flee from the scene
Published 03 Jan, 2012 12:00am
Need stressed to develop livestock, agriculture sector on modern lines

Need stressed to develop livestock, agriculture sector on modern lines

Punjab Agriculture and Livestock Minister Malik Ahmad Ali Aulakh said here on Monday that Pakistan was facing tremendous challenges and economically lagging behind its neighbouring countries but could become a prosperous nation if it develops livestock an
Published 03 Jan, 2012 12:00am
PSTD to hold business conference for professional women

PSTD to hold business conference for professional women

The women's major gathering is being held under the auspices of the Pakistan Society for Training and Development (PSTD) as part of the 4th Women in Business Conference Series (WIBCON) for professional women. This was stated by PSTD Director Aamir Niazi w
Published 03 Jan, 2012 12:00am
CNG dealers protest against hike in gas prices

CNG dealers protest against hike in gas prices

Over 2000 transport workers, CNG dealers and employees on Monday staged a protest demonstration against the unjust increase in gas tariff for CNG stations and a proposal to shutdown CNG stations for a month.
Published 03 Jan, 2012 12:00am
LHC admits petition

LHC admits petition

The Lahore High Court here on Monday admitted a petition for hearing filed against government proposal of giving extension to Punjab University (PU) Vice-Chancellor (VC) Dr Mujahid Kamran whose tenure has been completed on January 02 (yesterday).
Published 03 Jan, 2012 12:00am
'Use of modern medical equipment a must'

'Use of modern medical equipment a must'

Advisor to Punjab Chief Minister Zakia Shahnwaz said on Monday that Post Graduate Medical Institute (PGMI) and Lahore General Hospital (LGH) enjoy international reputation in the areas of neuro treatment and promotion of medical education. Those students
Published 03 Jan, 2012 12:00am
LPG association rejects Paracha's claims

LPG association rejects Paracha's claims

The LPG Association of Pakistan has rejected the claims made by Ghayas Paracha of the CNG Association that shortage of CNG is being created to benefit the LPG sector. Spokesman for the LPG Association of Pakistan, Belal Jabbar said that LPG is the only fu
Published 03 Jan, 2012 12:00am
Zero-rated ST regime: tax expert issues 'Highlights'

Zero-rated ST regime: tax expert issues 'Highlights'

The Federal Board of Revenue (FBR) will collect 5 percent sales tax, along with one percent sales tax on value-addition, on the import of finished goods under SRO 1125(I)/2011. Arshad Shehzad, a leading sales tax expert of Karachi, on Monday issued highli
Published 03 Jan, 2012 12:00am
Zero-rated ST regime: tax expert issues 'Highlights'

Zero-rated ST regime: tax expert issues 'Highlights'

The Federal Board of Revenue (FBR) will collect 5 percent sales tax, along with one percent sales tax on value-addition, on the import of finished goods under SRO 1125(I)/2011. Arshad Shehzad, a leading sales tax expert of Karachi, on Monday issued highli
Published 03 Jan, 2012 12:00am
Duty exemption

Duty exemption

The Federal Board of Revenue (FBR) has exempted from customs duty the import of Temozolomid, a pharmaceutical raw material. Through S.R.O. 1127 (I)/2011 and S.R.O. 1128 (I)/2011 issued here on Monday, the FBR has amended notification S.R.O. 567(I)/2006 re
Published 03 Jan, 2012 12:00am
Regularisation of jobs: SBBWCC team meets Khokhar

Regularisation of jobs: SBBWCC team meets Khokhar

A delegation of Shaheed Benazir Bhutto Women Crisis Centres (SBBWCC) from Punjab met with the Advisor to Prime Minister, Mustafa Nawaz Khokhar here on Monday to address the grievances of the women centers' employees by regularising their jobs. There has b
Published 03 Jan, 2012 12:00am
Khyber Pakhtunkhwa's CNG stations go on strike for indefinite period

Khyber Pakhtunkhwa's CNG stations go on strike for indefinite period

Compressed Natural Gas (CNG) stations in Khyber Pakhtunkhwa went on strike from Monday for indefinite period to protest ban on the import of CNG kits, cylinders, filling gas in commercial vehicles and closure of the stations in the name of gas load manage
Published 03 Jan, 2012 12:00am
Committee formed to monitor progress on PHRS

Committee formed to monitor progress on PHRS

The Khyber Pakhtunkhwa government has constituted six-member committee to monitor progress on Khyber Pakhtunkhwa Honermand Rozgar Scheme (PHRS) in the province. The monitoring committee headed by Additional Secretary-II, Department of Industries, Commerce
Published 03 Jan, 2012 12:00am
Jamaat-e-Islami to move court against gas-price hike

Jamaat-e-Islami to move court against gas-price hike

Jamaat-e-Islami (JI) Khyber Pakhtunkhwa chapter has decided that it will move the court against recent hike in gas prices, and appealed the Supreme Court to take suo moto notice of the decision. Addressing a press conference here at Peshawar Press Club on
Published 03 Jan, 2012 12:00am
Surprise inspections at CNG stations: Ogra devises task force

Surprise inspections at CNG stations: Ogra devises task force

Keeping in view the fire-related accidents in Public Service Vehicles (PSV) during the past months, the Ogra devised a task force in collaboration with Hydrocarbon Development Institute of Pakistan (HDIP), Oil Marketing Companies (OMCs) and All Pakistan C
Published 03 Jan, 2012 12:00am
Shopkeeper injured

Shopkeeper injured

Unidentified armed men have shot and injured a shopkeeper in Jinnah Town area of the provincial capital. Police said on Monday that unknown gunmen riding a bike opened fire at a person sitting at his shop in Jinnah Town, injuring him. The attackers manage
Published 03 Jan, 2012 12:00am
PC for bringing CNG prices at par with other fuels

PC for bringing CNG prices at par with other fuels

The Planning Commission has recommended to the government to bring compressed natural gas (CNG) prices at par with other fuels, to rationalise its use, official sources told Business Recorder. The Economic Co-ordination Committee (ECC) of the Cabin
Published 03 Jan, 2012 12:00am
Rulers urged to resign over crisis situation

Rulers urged to resign over crisis situation

Pakistan Tehreek-e-Insaf (PTI) provincial leader and former MNA, Nawabzada Khawaja Mohammad Khan Hoti has asked the rulers to resign following the prevailing messy situation in the country, saying government has failed to address key issues during the las
Published 03 Jan, 2012 12:00am
Rs 2 billion allocated for small traders, industrialists: BoK MD

Rs 2 billion allocated for small traders, industrialists: BoK MD

The Managing Director, Bank of Khyber, Bilal Mustafa has said the Khyber Pakhtunkhwa government has allocated Rs 2 billion for the small traders and industrialists and expressed the hope that loans will be disbursed on easy terms and conditions very short
Published 03 Jan, 2012 12:00am
SCBA delegation meets Prime Minister

SCBA delegation meets Prime Minister

A delegation of Supreme Court Bar Association (SCBA) led by its President Yasin Azad called on Prime Minister Syed Yousuf Raza Gilani here on Monday and discussed matters relating to the rule of law and welfare of the lawyers community. The Prime Minister
Published 03 Jan, 2012 12:00am
Iranian border guards still in custody

Iranian border guards still in custody

Authorities have yet to decide what to do with three Iranian border guards who they say crossed into Balochistan while chasing after smugglers and killed one them, a government official said Monday. The incident occurred Sunday in the Mazah Sar area, a de
Published 03 Jan, 2012 12:00am
Third increase in a month: LPG prices raised by Rs 10-15 per kg

Third increase in a month: LPG prices raised by Rs 10-15 per kg

The liquefied Petroleum gas (LPG) marketing companies have raised the LPG price by Rs 10-15 per kg, Rs 120-170 per domestic cylinder, and Rs 480-680 per commercial cylinder, saying that prices have increased in the international market. It is the third in
Published 03 Jan, 2012 12:00am
Flood damage assessment: Sindh PDMA refuses to endorse report

Flood damage assessment: Sindh PDMA refuses to endorse report

The Provincial (Sindh) Disaster Management Authority (PDMA) has refused to endorse the initial Pakistan-United Nations 2011 flood damage assessment report following the launch of the report by the National Disaster Management Authority (NDMA) during a pre
Published 03 Jan, 2012 12:00am
Brighto Paints receives International Quality Award

Brighto Paints receives International Quality Award

Pakistan's fastest growing paint manufacturing company, Brighto Paints (Pvt) Ltd has won an international accolade for its "quality, leadership, technology and innovation".
Published 03 Jan, 2012 12:00am
Nawaz blames PPP for not implementing CoD

Nawaz blames PPP for not implementing CoD

President, Pakistan Muslim League (PML-N), Nawaz Sharif, on Monday blamed PPP for not honouring and implementing the Charter of Democracy (CoD), which led people across the country to suffer "untold miseries'. "PPP government is printing notes of billions
Published 03 Jan, 2012 12:00am
ANP's local leader killed

ANP's local leader killed

A local leader of Awami National Party (ANP) was gunned down on Monday following which an intense wave of violence gripped Pak colony areas that left five persons wounded. According to police and eye-witnesses, 32-year-old Furqan Shah, son of Farman Shah,
Published 03 Jan, 2012 12:00am
CAA airport charges

CAA airport charges

Civil Aviation Authority Pakistan has deferred implementation for enhancement of airport charges to January 16, 2012 instead of January 01, 2012. The revised/new charges will not apply on passengers travelling prior to January 16, 2011, a PIA press releas
Published 03 Jan, 2012 12:00am
PIA night coach fares reduced

PIA night coach fares reduced

Pakistan International Airlines on Monday announced that the fares of night coach have been further reduced from Rs 6,666 to Rs 5,000 (excluding taxes). "As a New Year gift and the immense response by the travelling public within the country, the fares of
Published 03 Jan, 2012 12:00am
Four hurt in grenade attack on mobile phone outlet

Four hurt in grenade attack on mobile phone outlet

At least four persons sustained injuries in a drive-by terrorist attack at a private mobile franchise in the limits of North Nazimabad police station on Monday. This is the second terrorist attack on a private mobile franchise during the last ten days.
Published 03 Jan, 2012 12:00am
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