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Archive - 2012-01-06
US unemployment near 3-yr low
Top News

US unemployment near 3-yr low

WASHINGTON: US employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 per
Published 06 Jan, 2012 05:14pm
ISE-10 sheds 34 points
Markets

ISE-10 sheds 34 points

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Friday witnessed bearish trend as the index was down by 34.35 to cl
Published 06 Jan, 2012 03:57pm
SBP cautions banks for new account
Top News

SBP cautions banks for new account

KARACHI : The State Bank of Pakistan (SBP) has again instructed banks/DFIs to conduct thorough customer due diligence
Published 06 Jan, 2012 03:56pm
Brazil inflation at 6.50 percent in 2011
Top News

Brazil inflation at 6.50 percent in 2011

BRASILIA : Consumer prices in Brazil rose 6.50 percent in 2011, the highest hike since 2004, the state statistics agen
Published 06 Jan, 2012 02:43pm
Gold ups at Rs47,350
Top News

Gold ups at Rs47,350

KARACHI: Gold upped by Rs 208 to close at Rs 47,350 per 10 grams in the local market Friday as its international price i
Published 06 Jan, 2012 02:20pm
Gold up at Rs 47,350
Markets

Gold up at Rs 47,350

KARACHI : Gold moved up by Rs 208 to close at Rs 47,350 per 10 grams in the local market Friday as its international pri
Published 06 Jan, 2012 01:27pm
Urea price up by Rs 210 per bag
Top News

Urea price up by Rs 210 per bag

KARACHI : Engro Fertilizers has raised urea prices by Rs 210 per bag to Rs 1790 in response to 207 percent increase in f
Published 06 Jan, 2012 12:43pm
Forex reserves may fall in H2 of FY12
Top News

Forex reserves may fall in H2 of FY12

RECORDER REPORT ISLAMABAD: The State Bank of Pakistan (SBP) cautioned on Thursday that foreign exchange reserves coul
Published 06 Jan, 2012 07:53am
KSE-100 declines, closes at 62.53 points
Top News

KSE-100 declines, closes at 62.53 points

RECORDER REPORT, KARACHI: The KSE-100 index on Friday declined by 62.53 points and closed at 11,125.35 points level due
Published 06 Jan, 2012 07:45am
KSE mid day update
Top News

KSE mid day update

RECORDER REPORT KARACHI : The KSE-100 index closed at 11,127.51 level, down 60.37 points at the end of first session
Published 06 Jan, 2012 07:44am
KSE morning update
Top News

KSE morning update

RECORDER REPORT KARACHI : After positive opening on Friday the KSE-100 index hit 11,267 points intra high, up 78 poin
Published 06 Jan, 2012 06:03am
Palm oil still eyes 3,139 ringgit/T
Top News

Palm oil still eyes 3,139 ringgit/T

SINGAPORE: A bearish target at 3,139 ringgit per tonne is unchanged for Malaysian palm oil, as indicated by its wave pat
Published 06 Jan, 2012 05:05am
Oil prices slip in Asian trade
Energy

Oil prices slip in Asian trade

SINGAPORE: Oil prices slid in Asian trade Friday as dealers took profit from recent gains, while concerns over the Europ
Published 06 Jan, 2012 04:07am
Biden calls Turkish PM on Iraq
Top News

Biden calls Turkish PM on Iraq

WASHINGTON: US Vice President Joe Biden called Turkish Prime Minister Recep Tayyip Erdogan to discuss regional security,
Published 06 Jan, 2012 03:54am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (January 05, 2012).

Published 06 Jan, 2012 12:00am
FBR drafts new ST Registration Plan 2012

FBR drafts new ST Registration Plan 2012

The Federal Board of Revenue has drafted a new Sales Tax Registration Plan (2012) for documentation of vendors, employees, suppliers and agents engaged in making huge quantity/turnover of taxable supply of goods and services without filing sales tax retur
Published 06 Jan, 2012 12:00am
FBR drafts new ST Registration Plan 2012

FBR drafts new ST Registration Plan 2012

The Federal Board of Revenue has drafted a new Sales Tax Registration Plan (2012) for documentation of vendors, employees, suppliers and agents engaged in making huge quantity/turnover of taxable supply of goods and services without filing sales tax retur
Published 06 Jan, 2012 12:00am
FBR drafts new ST Registration Plan 2012

FBR drafts new ST Registration Plan 2012

The Federal Board of Revenue has drafted a new Sales Tax Registration Plan (2012) for documentation of vendors, employees, suppliers and agents engaged in making huge quantity/turnover of taxable supply of goods and services without filing sales tax retur
Published 06 Jan, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 06 Jan, 2012 12:00am
First genetically modified monkeys are born in US

First genetically modified monkeys are born in US

US researchers said Thursday they have created the world's first genetically modified monkeys by fusing cells from up to six different embryos, in what could be a big advance for medical research. Until now, rodents have been the primary creatures used to
Published 06 Jan, 2012 12:00am
LSE index loses 22.96 points

LSE index loses 22.96 points

Bearish sentiments dominated on the Lahore Stock Exchange (LSE) on Thursday and the equities registered declines across the board amid decreased trading turnover due to lacking buying support. The LSE-25 index lost 22.96 points and was closed at 2879.48 p
Published 06 Jan, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 06 Jan, 2012 12:00am
LSE index loses 22.96 points

LSE index loses 22.96 points

Bearish sentiments dominated on the Lahore Stock Exchange (LSE) on Thursday and the equities registered declines across the board amid decreased trading turnover due to lacking buying support. The LSE-25 index lost 22.96 points and was closed at 2879.48 p
Published 06 Jan, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 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 67.85 points, as the Index moved from 2,537.67 to 2,469.82 points.
Published 06 Jan, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 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 67.85 points, as the Index moved from 2,537.67 to 2,469.82 points.
Published 06 Jan, 2012 12:00am
British Red Cross worker kidnapped in Quetta

British Red Cross worker kidnapped in Quetta

Armed men kidnapped a British Red Cross worker from Quetta on Thursday, police and the Red Cross said, highlighting the fragile security situation in the country. Police officer Nazir Ahmed Kurd said the man was taken from a vehicle in an upscale housing
Published 06 Jan, 2012 12:00am
British Red Cross worker kidnapped in Quetta

British Red Cross worker kidnapped in Quetta

Armed men kidnapped a British Red Cross worker from Quetta on Thursday, police and the Red Cross said, highlighting the fragile security situation in the country. Police officer Nazir Ahmed Kurd said the man was taken from a vehicle in an upscale housing
Published 06 Jan, 2012 12:00am
Senate panel asks government to hold talks with Taliban groups

Senate panel asks government to hold talks with Taliban groups

As Afghan Taliban have announced to open its office in Qatar for holding talks with United States, the Senate Standing Committee on Foreign Affairs on Thursday asked the government of Pakistan to also initiate peace talks with Taliban groups in the countr
Published 06 Jan, 2012 12:00am
Senate panel asks government to hold talks with Taliban groups

Senate panel asks government to hold talks with Taliban groups

As Afghan Taliban have announced to open its office in Qatar for holding talks with United States, the Senate Standing Committee on Foreign Affairs on Thursday asked the government of Pakistan to also initiate peace talks with Taliban groups in the countr
Published 06 Jan, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (January 05, 2012).

Published 06 Jan, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (January 05, 2012).

Published 06 Jan, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (January 05, 2012).

Published 06 Jan, 2012 12:00am
India clears $1.2 billion missile deal with European firm

India clears $1.2 billion missile deal with European firm

India has cleared a $1.2 billion deal to buy 500 air-to-air missiles from European firm MBDA as it undergoes a major programme to modernise its military, defence ministry officials said Thursday. The cabinet committee on security, chaired by Prime Ministe
Published 06 Jan, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (January 05, 2012).

Published 06 Jan, 2012 12:00am
India clears $1.2 billion missile deal with European firm

India clears $1.2 billion missile deal with European firm

India has cleared a $1.2 billion deal to buy 500 air-to-air missiles from European firm MBDA as it undergoes a major programme to modernise its military, defence ministry officials said Thursday. The cabinet committee on security, chaired by Prime Ministe
Published 06 Jan, 2012 12:00am
THE RUPEE: dollar at Rs 90.45

THE RUPEE: dollar at Rs 90.45

Dollar touched the high level at 90.45 versus the rupee on the currency market on Thursday on rising demand by importers, specially for oil payments, dealers said. The rupee fell sharply against the dollar for buying and selling at 90.40 and 90.45, dealer
Published 06 Jan, 2012 12:00am
Ogra turns down GEIP request

Ogra turns down GEIP request

The Oil and Gas Regulatory Authority (Ogra) rejected the request of the Global Energy Infrastructure Pakistan (GEIP), a Turkish company, to amend third party access rules. Ogra on October 27 allocated capacity allocation to GEIP and two other companies. U
Published 06 Jan, 2012 12:00am
THE RUPEE: dollar at Rs 90.45

THE RUPEE: dollar at Rs 90.45

Dollar touched the high level at 90.45 versus the rupee on the currency market on Thursday on rising demand by importers, specially for oil payments, dealers said. The rupee fell sharply against the dollar for buying and selling at 90.40 and 90.45, dealer
Published 06 Jan, 2012 12:00am
Ogra turns down GEIP request

Ogra turns down GEIP request

The Oil and Gas Regulatory Authority (Ogra) rejected the request of the Global Energy Infrastructure Pakistan (GEIP), a Turkish company, to amend third party access rules. Ogra on October 27 allocated capacity allocation to GEIP and two other companies. U
Published 06 Jan, 2012 12:00am
Ogra turns down GEIP request

Ogra turns down GEIP request

The Oil and Gas Regulatory Authority (Ogra) rejected the request of the Global Energy Infrastructure Pakistan (GEIP), a Turkish company, to amend third party access rules. Ogra on October 27 allocated capacity allocation to GEIP and two other companies. U
Published 06 Jan, 2012 12:00am
ECC unearths massive urea scams

ECC unearths massive urea scams

The Economic Co-ordination Committee (ECC) of the Cabinet, has, reportedly unearthed scams worth billions of rupees due to price differential of local and imported urea, well informed sources in the Ministry of Industries and Trading Corporation of Pakist
Published 06 Jan, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 05, 2012).

Published 06 Jan, 2012 12:00am
ECC unearths massive urea scams

ECC unearths massive urea scams

The Economic Co-ordination Committee (ECC) of the Cabinet, has, reportedly unearthed scams worth billions of rupees due to price differential of local and imported urea, well informed sources in the Ministry of Industries and Trading Corporation of Pakist
Published 06 Jan, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 05, 2012).

Published 06 Jan, 2012 12:00am
ECC unearths massive urea scams

ECC unearths massive urea scams

The Economic Co-ordination Committee (ECC) of the Cabinet, has, reportedly unearthed scams worth billions of rupees due to price differential of local and imported urea, well informed sources in the Ministry of Industries and Trading Corporation of Pakist
Published 06 Jan, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (January 05, 2012).

Published 06 Jan, 2012 12:00am
15 FC personnel killed

15 FC personnel killed

The bodies of 15 members of Frontier Constabulary (FC) were found Thursday, almost two weeks after they were kidnapped from North Waziristan, officials said. The Tehreek-e-Taliban Pakistan (TTP) claimed responsibility for the killings. "We have received d
Published 06 Jan, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (January 05, 2012).

Published 06 Jan, 2012 12:00am
15 FC personnel killed

15 FC personnel killed

The bodies of 15 members of Frontier Constabulary (FC) were found Thursday, almost two weeks after they were kidnapped from North Waziristan, officials said. The Tehreek-e-Taliban Pakistan (TTP) claimed responsibility for the killings. "We have received d
Published 06 Jan, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (January 05, 2012).

Published 06 Jan, 2012 12:00am
US denies stoppage of F-16 programme

US denies stoppage of F-16 programme

The United States on Thursday denied the media reports about halt of its F-16 aircraft programme with Pakistan. "These reports are not accurate. Neither Pakistan nor the United States has cancelled the F-16 programme," a US embassy statement said. It said
Published 06 Jan, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 06 Jan, 2012 12:00am
US denies stoppage of F-16 programme

US denies stoppage of F-16 programme

The United States on Thursday denied the media reports about halt of its F-16 aircraft programme with Pakistan. "These reports are not accurate. Neither Pakistan nor the United States has cancelled the F-16 programme," a US embassy statement said. It said
Published 06 Jan, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 06 Jan, 2012 12:00am
Forex reserves up by $148 million

Forex reserves up by $148 million

The country's foreign reserves have posted an increase of $148 million during the last week. The total liquid foreign reserves held by the country stood at $16.917 billion as on December 30, 2011 as compared with $16.769 billion a week earlier. Reserves h
Published 06 Jan, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (January 05, 2012).

Published 06 Jan, 2012 12:00am
Forex reserves up by $148 million

Forex reserves up by $148 million

The country's foreign reserves have posted an increase of $148 million during the last week. The total liquid foreign reserves held by the country stood at $16.917 billion as on December 30, 2011 as compared with $16.769 billion a week earlier. Reserves h
Published 06 Jan, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (January 05, 2012).

Published 06 Jan, 2012 12:00am
Forex reserves up by $148 million

Forex reserves up by $148 million

The country''s foreign reserves have posted an increase of $148 million during the last week. The total liquid foreign reserves held by the country stood at $16.917 billion as on December 30, 2011 as compared with $16.769 billion a week earlier. Reserves
Published 06 Jan, 2012 12:00am
The Weather

The Weather

The weather report on Thursday (January 05, 2012) and the forecast for Friday (January 06, 2012).

Published 06 Jan, 2012 12:00am
Bombs target Iraqi Shias; over 73 killed

Bombs target Iraqi Shias; over 73 killed

Bomb attacks in mainly Shias Muslim areas of Iraq killed at least 73 people and wounded scores on Thursday, police and hospital sources said, new examples of an increase in sectarian strife. The biggest attack was beside a police checkpoint west of Nassir
Published 06 Jan, 2012 12:00am
Bombs target Iraqi Shias; over 73 killed

Bombs target Iraqi Shias; over 73 killed

Bomb attacks in mainly Shias Muslim areas of Iraq killed at least 73 people and wounded scores on Thursday, police and hospital sources said, new examples of an increase in sectarian strife. The biggest attack was beside a police checkpoint west of Nassir
Published 06 Jan, 2012 12:00am
Various options under study to mobilise foreign inflows: Waqar

Various options under study to mobilise foreign inflows: Waqar

Secretary Finance Dr Waqar Masood has said that the government is working on various options to mobilise foreign inflows to maintain foreign exchange reserves at desirable level. During the briefing to the Senate Standing Committee on Finance here Thursda
Published 06 Jan, 2012 12:00am
Various options under study to mobilise foreign inflows: Waqar

Various options under study to mobilise foreign inflows: Waqar

Secretary Finance Dr Waqar Masood has said that the government is working on various options to mobilise foreign inflows to maintain foreign exchange reserves at desirable level. During the briefing to the Senate Standing Committee on Finance here Thursda
Published 06 Jan, 2012 12:00am
Various options under study to mobilise foreign inflows: Waqar

Various options under study to mobilise foreign inflows: Waqar

Secretary Finance Dr Waqar Masood has said that the government is working on various options to mobilise foreign inflows to maintain foreign exchange reserves at desirable level. During the briefing to the Senate Standing Committee on Finance here Thursda
Published 06 Jan, 2012 12:00am
Afghan Taliban release 17 kidnapped Pakistani kids

Afghan Taliban release 17 kidnapped Pakistani kids

Taliban militants in Afghanistan Thursday released 17 Pakistan children who were kidnapped last year after inadvertently crossing the poorly marked border between the two countries, officials said. A group of 20 children from the tribal district of Bajaur
Published 06 Jan, 2012 12:00am
Afghan Taliban release 17 kidnapped Pakistani kids

Afghan Taliban release 17 kidnapped Pakistani kids

Taliban militants in Afghanistan Thursday released 17 Pakistan children who were kidnapped last year after inadvertently crossing the poorly marked border between the two countries, officials said. A group of 20 children from the tribal district of Bajaur
Published 06 Jan, 2012 12:00am
Nawaz's statement termed anti-democracy

Nawaz's statement termed anti-democracy

The Sindh Chief Minister, Syed Qaim Ali Shah, has criticised the statement of the PML-N chief Mian Nawaz Sharif regarding the setting up of the military courts. He said on Thursday that this is totally against the mandate of the people. The Chief Minister
Published 06 Jan, 2012 12:00am
Rs 417 million approved for DHQ hospital upgradation

Rs 417 million approved for DHQ hospital upgradation

The Provincial government has approved Rs 417 million for the upgradation of district headquarters hospital (DHQ) teaching hospital. This was disclosed by DCO Azmat Mehmood in a meeting held here on Thursday which was attended by SE Building Mukhtar Khokh
Published 06 Jan, 2012 12:00am
National Assembly witnesses stormy session over new provinces

National Assembly witnesses stormy session over new provinces

The National Assembly on Thursday witnessed stormy when Pakistan Muslim League-Nawaz (PML-N) and a government coalition partner Awami National Party (ANP) opposed discussion on a resolution moved by Muttahida Qaumi Movement (MQM) for creation of Hazara an
Published 06 Jan, 2012 12:00am
Marriages without blood screening should be banned: S M Munir

Marriages without blood screening should be banned: S M Munir

Leader of business community and President Indo-Pak Chamber of Commerce and Industry (IPCCI), S.M.Munir has emphasised the need of promulgation law banning marriages without blood screening to prevent thalassemia spreading in the country.
Published 06 Jan, 2012 12:00am
Crackdown on PPCB defaulters on the cards

Crackdown on PPCB defaulters on the cards

Punjab Provincial Co-operative Bank is launching a crackdown on loan defaulters from February 1. Notices are being served on defaulters and in case of failure to clear dues, heavy fines will be imposed on them besides putting them behind bars," official s
Published 06 Jan, 2012 12:00am
Old vendetta claims two lives

Old vendetta claims two lives

Two people were killed and two others were injured over an old enmity in Karol Ghati, Bund road area here on Thursday. According to police, the men of Suhail Butt and Tariq groups were going to a court for appearing in a case when Suhail group opened fire
Published 06 Jan, 2012 12:00am
ANP leader gunned down, other injured

ANP leader gunned down, other injured

Saeed Ahmed Khan, President District West of Awami National Party (ANP) gunned down while Bashir Khan, member of ANP Central Committee got injured by unidentified attackers in the area of Metroville, SITE here on Thursday. According to the details, four a
Published 06 Jan, 2012 12:00am
Rain water cleaned from major roads

Rain water cleaned from major roads

Following the rains in various areas of city on Wednesday night, Administrator KMC Muhammad Hussain Syed imposed state of emergency in health services department and cancelled the leaves of concerned staff. On the directive of Administrator Karachi immedi
Published 06 Jan, 2012 12:00am
Karachi University notifies results

Karachi University notifies results

The University of Karachi on Thursday announced the result of LL.M. Previous, Annual Examination 2011. According to statistics, 163 candidates appeared in the examination while only 77 candidates were declared successful A Karachi University statement sai
Published 06 Jan, 2012 12:00am
New FAO chief moves on global hunger eradication

New FAO chief moves on global hunger eradication

Jos Graziano da Silva, the new Director-General of Food and Agriculture Organisation (FAO) said on Thursday that he was pushing for a renewed focus on food security, offering to scale up FAO support available to low-income and food deficit countries - esp
Published 06 Jan, 2012 12:00am
FROM A RINGSIDE SEAT: traditional venomous political game plan!!

FROM A RINGSIDE SEAT: traditional venomous political game plan!!

The Pakistani politics has started picking up traditional rhetoric resorting to contentious and venomous game plan as about a year is left in the advent of next elections in 2013. Though revolution has been chosen as a mode of translating people's dreams
Published 06 Jan, 2012 12:00am
Chehlum of Hazrat Imam Hussain: minister for effective security

Chehlum of Hazrat Imam Hussain: minister for effective security

Sindh Home Minister, Manzoor Hussain Wassan, has directed the police to take effective measures for security and traffic arrangements on the occasion of the Chehlum of Hazrat Imam Hussain(AS). A police statement here on Thursday said that the Minister hel
Published 06 Jan, 2012 12:00am
Seminar

Seminar

Dow University of Health Sciences (DUHS) will hold a seminar on "Curriculum Development" at its Ojha campus on Saturday. Dr M. Abdul Raoof, Chairman Boards of Governors, University of Lahore will be the chief guest on the occasion, said a DUHS official on
Published 06 Jan, 2012 12:00am
Rulers to pay for their crimes: Jamaat-e-Islami

Rulers to pay for their crimes: Jamaat-e-Islami

The Jamaat-e-Islami Secretary General, Liaqat Baloch, has said that President Zardari and Prime Minister Gilani were planning a clash of institutions to find political martyrdom after the total failure of their four year rule but they were fated to be pun
Published 06 Jan, 2012 12:00am
AJK President, Prime Minister call on Punjab governor

AJK President, Prime Minister call on Punjab governor

Azad Jammu and Kashmir (AJK) President Sardar Yaqub Khan and Prime Minister Chaudhry Abdul Majid called on Punjab Governor Sardar Latif Khosa at the Governor's House here on Thursday. The AJK president, the prime minister and some of their cabinet members
Published 06 Jan, 2012 12:00am
Suspension of gas supply: LCCI to stage sit-in tomorrow

Suspension of gas supply: LCCI to stage sit-in tomorrow

President Lahore Chamber of Commerce and Industry Irfan Qaiser Sheikh said on Thursday all arrangements had been finalised to stage sit-in on Saturday against suspension of gas supply to industry in the province. He said that presidents of all the Chamber
Published 06 Jan, 2012 12:00am
KMC teams confiscate buffalo cub's meat

KMC teams confiscate buffalo cub's meat

Different teams of Veterinary Department of Karachi Metropolitan Corpora-tion (KMC) on Thursday confiscated over 650-kg of buffalo cub's meat during raids. The seized meat cost more than Rs 150,000. Administrator Karachi said slaughtering of newly born bu
Published 06 Jan, 2012 12:00am
Creation of new provinces: PML-N proposes Parliamentary Commission

Creation of new provinces: PML-N proposes Parliamentary Commission

Pakistan Muslim League-Nawaz (PML-N) has proposed a Parliamentary Commission to chalk-out strategy for division of assets, liabilities, sharing of water and resources from National Finance Commission (NFC) Award etc before creation of new provinces in the
Published 06 Jan, 2012 12:00am
NBP rehabilitates 10 flood-hit schools in Nowshera

NBP rehabilitates 10 flood-hit schools in Nowshera

National Bank of Pakistan, CSR Division has rehabilitated 10 flood damaged public sector schools and provided them furniture, equipment and installed tube wells for drinking water in the schools in district Nowshera, the objective of rehabilitation is to
Published 06 Jan, 2012 12:00am
SSGC repairs damaged pipeline; supply restored

SSGC repairs damaged pipeline; supply restored

Sui Southern Gas Company (SSGC) on Thursday restored gas supply to Balochistan after the repair work on 18 inch diameter high pressure gas pipeline which was damaged on Wednesday near village Khudadad Jhakarani in Jafarabad District by miscreants. Working
Published 06 Jan, 2012 12:00am
UNICEF constructs 35 schools in flood-hit districts

UNICEF constructs 35 schools in flood-hit districts

United Nations Children's Fund (UNICEF) and partners have constructed 35 new schools in districts of Southern Punjab, hit by the 2011 monsoon floods. According to a press release, these schools have been constructed in Muzaffargarh, Rajanpur and Rahim Yar
Published 06 Jan, 2012 12:00am
Drilling activities remain low in Balochistan and Khyber Pakhtunkhwa

Drilling activities remain low in Balochistan and Khyber Pakhtunkhwa

The search of new hydrocarbon reservoirs and drilling activities remained low in the country during the first half of current fiscal year of FY12 due to circular debt issue and challenged security situation particularly in KP and Balochistan. Only 6 explo
Published 06 Jan, 2012 12:00am
Plan devised to generate 10,000 megawatts from Thar coal by 2020: Ibad

Plan devised to generate 10,000 megawatts from Thar coal by 2020: Ibad

Sindh Governor Dr Ishratul Ibad Khan said the government had devised a plan to generate 10,000 megawatts of electricity from Thar coal by the year 2020. The federal government had been approached for laying a transmission line to take electricity from Tha
Published 06 Jan, 2012 12:00am
Rich tributes paid to ZAB

Rich tributes paid to ZAB

Pakistan People's Party (PPP) celebrated the 84th birth anniversary of its founder, former prime minister Shaheed Zulfikar Ali Bhutto on January 5, in befitting manner. A number of functions of cake cutting were held by all wings of PPP in Multan and acro
Published 06 Jan, 2012 12:00am
Lakhra coal mines: HCCI takes notice of investors' harassment

Lakhra coal mines: HCCI takes notice of investors' harassment

President of Hyderabad Chamber of Commerce and Industry (HCCI) Gohar Ullah has taken the stern notice over the harassment of investors who are working on Lakhra Coal Mines Project. He shows concern over the Sindh Coal Mines energy that stopped the work wi
Published 06 Jan, 2012 12:00am
Listed companies asked to submit list of shareholders

Listed companies asked to submit list of shareholders

The Karachi Stock Exchange (KSE) has asked all the listed companies to submit complete list of their shareholders as at December 31, 2011 required under Listing Regulation No 21(2) of the Exchange as soon as possible but not later than January 31, 2012 fa
Published 06 Jan, 2012 12:00am
Pagara leaves for London for treatment

Pagara leaves for London for treatment

Pakistan Muslim League-Functional PML-F Chief Pir Pagara on Thursday flew to London for medical treatment. He was admitted to a local hospital in Karachi on November 24, where he underwent a surgery to remove a cyst. His health condition deteriorated afte
Published 06 Jan, 2012 12:00am
Jobless commits suicide

Jobless commits suicide

A man committed suicide by hanging himself with rope tied to ceiling fan at Allahwala Town in the limits of Korangi Industrial Area on Thursday, police said. An official at the police station said the deceased was identified as Kamran, 27, son of Fazal Il
Published 06 Jan, 2012 12:00am
Qaim meets with notables

Qaim meets with notables

Sindh Chief Minister Syed Qaim Ali Shah met with notables including Member National Assembly Azra Afzal Pehcho, Sindh Minister Sadiq Ali Memon, MNA Roshan Ali Junejo and others at CM house here on Thursday. A delegation from Badin District comprising MPA
Published 06 Jan, 2012 12:00am
Life saving drugs not available at government hospitals: survey

Life saving drugs not available at government hospitals: survey

Life saving drugs and medicines used for treatment of diseases such as cardiac, neuro, diabetes, tuberculosis, gastric and hepatitis are not available at government hospitals, a survey carried out by Business Recorder revealed.
Published 06 Jan, 2012 12:00am
Railways faces acute shortage of fuel

Railways faces acute shortage of fuel

Cash starved Pakistan Railways (PR) faced acute shortage of fuel on Thursday despite permission from high ups to purchase diesel from the open market and trains operation remained suspended for nine hours and passengers suffered a lot.
Published 06 Jan, 2012 12:00am
PPCBL to launch new deposit schemes

PPCBL to launch new deposit schemes

The Punjab Provincial Co-operative Bank Limited (PPCBL) will soon launch new deposit schemes, for the convenience of its clients. PPCBL President/CEO Liaqat Durani disclosed this during a meeting with four delegates of Shore Bank International, held here
Published 06 Jan, 2012 12:00am
NH&MP arrest 13 culprits

NH&MP arrest 13 culprits

National Highways & Motorway Police (NH&MP) N-5 Central have arrested 13 culprits, who were involved in various crimes. According to the details, three persons on a car, no. OKF-9869 tried to rob cash Rs 2 million from a van of a patrol pump and snatched
Published 06 Jan, 2012 12:00am
JI protesting against energy crisis, price hike today

JI protesting against energy crisis, price hike today

The Jamaat e Islami will organise countrywide protest today (Friday), against the energy crisis, stoppage of gas supply to the industry and unjustified raise in utility bills, on the appeal of the JI Ameer, Syed Munawar Hasan.
Published 06 Jan, 2012 12:00am
Ali re-elected POA's president

Ali re-elected POA's president

Syed Shahid Ali has been re-elected as president of the Punjab Olympics Association (POA) for a term of four-year. The elections of the Punjab Olympics Association were held here on Thursday in which the representatives of 33 affiliated units participated
Published 06 Jan, 2012 12:00am
Seminar on Juvenile drug abuse

Seminar on Juvenile drug abuse

Sanjog, a non-governmental organization is organising a seminar on "Juvenile drug abuse" at Alhamra Hall on January 12. Representative from different NGOs and anti narcotics force will speak on the occasion.
Published 06 Jan, 2012 12:00am
Bhutto's 84th birthday celebrated

Bhutto's 84th birthday celebrated

The 84th birthday of former Prime Minister and the founder chairman of Pakistan People's Party (PPP) Shaheed Zulfiqar Ali Bhutto was celebrated here on Thursday by the PPP Hyderabad chapter and the party's different wings. PPP district president Amanullah
Published 06 Jan, 2012 12:00am
LUMHS budget for 2011-2012 presented

LUMHS budget for 2011-2012 presented

The 8th meeting of the Senate of Liaquat University of Medical and Health Sciences was held on Thursday, 5th January 2012, chaired by the Vice- Chancellor Professor Noshad A. Shaikh. The budget for the financial year 2010-2011 was approved and the budget
Published 06 Jan, 2012 12:00am
SSUET notification

SSUET notification

Registrar Sir Syed University of Engineering & Technology (SSUET) on Thursday announced that fees submission date for the admission to BS programme has been extended to Wednesday 11th January, 2012. The previous last date for payment of the fees was Janua
Published 06 Jan, 2012 12:00am
MQM will continue its struggle for rights of Hazarawal: Altaf

MQM will continue its struggle for rights of Hazarawal: Altaf

Chief of Muttahida Quami Movement (MQM) Altaf Hussain said that the MQM would remove the injustices being done to the oppressed and downtrodden people of the country for the past 65 years, including the Hazarawal. The MQM will continue to struggle for the
Published 06 Jan, 2012 12:00am
Assassination of Professor Channer Taj meets Mughal

Assassination of Professor Channer Taj meets Mughal

Taj Haider General Secretary of Pakistan People's Party Sindh on Thursday met with Vice-Chancellor of University of Sindh Professor Dr Nazir A Mughal in his office and expressed condolences on his behalf and on behalf of Chief Minister Sindh Syed Qaim Ali
Published 06 Jan, 2012 12:00am
Sindh chief minister pays rich tribute to Z A Bhutto

Sindh chief minister pays rich tribute to Z A Bhutto

Sindh Chief Minister, Syed Qaim Ali Shah, has paid rich tribute to founder of Pakistan Peoples Party (PPP), Shaheed Zulfikar Ali Bhutto. He was talking to mediamen at the Chief Minister House here on Thursday. Earlier, a cake-cutting ceremony was held at
Published 06 Jan, 2012 12:00am
10 suspects held, arms seized

10 suspects held, arms seized

A total of ten suspects were apprehended on Thursday while recovered eight pistols, eight magazines, 40 cartridges, one dagger and looted valuables from their possession.
Published 06 Jan, 2012 12:00am
Public holiday in Sindh on January 9

Public holiday in Sindh on January 9

The Sindh government has declared 9th January 2012 (14th Safar 1433 (A.H) a public holiday throughout the province on the occasion of Urs of Hazrat Shah Abdul Latif Bhitai (R.A) for all offices, autonomous, semi-autonomous bodies, corporations and local c
Published 06 Jan, 2012 12:00am
Fazal says elections likely this year

Fazal says elections likely this year

Jamiat Ulema-e-Islam Chief Maulana Fazal-ur-Rehman said on Thursday that general elections were likely in 2012, as the government had already completed its four years in power. Speaking at a press conference here at a religious school, Fazal urged the cou
Published 06 Jan, 2012 12:00am
Pakistan Cards: Nadra disburses Rs 9.01 billion to rain-hit families

Pakistan Cards: Nadra disburses Rs 9.01 billion to rain-hit families

National Database & Registration Authority (Nadra) has so far disbursed Rs 9,009,779,939 through 1,100,216 Pakistan Cards to rain-affected families in Sindh. Chairman Nadra, Ali Arshad Hakeem, stated this while briefing to President Asif Ali Zardari.
Published 06 Jan, 2012 12:00am
Four alleged TTP men arrested: weapons, suicide jackets, rockets seized

Four alleged TTP men arrested: weapons, suicide jackets, rockets seized

Central Investigation Department (CID) Police claimed to have arrested four accused terrorist members of Tehreek-i-Taliban Pakistan (TTP) on Thursday in a crackdown at various areas of the city while recovered weapons, suicide jackets, rockets from their
Published 06 Jan, 2012 12:00am
Child servant allegedly tortured to death

Child servant allegedly tortured to death

An eleven-year old child servant was allegedly tortured to death by the owners of the residence. Police official told Business Recorder that Ali Shah s/o Ghulam Shabir was found dead in the drawing room of Mudasir Abbas situated in sector G-13 of t
Published 06 Jan, 2012 12:00am
Re-equipment ceremony of Chinese FT-5 aircraft held

Re-equipment ceremony of Chinese FT-5 aircraft held

The Re-equipment ceremony held at No 1 Fighter Conversion Unit (FCU), PAF Base Mianwali on Thursday marked the end of long and illustrious services rendered by veteran Chinese FT-5 fighter trainer aircraft. No 1 FCU is now being re-equipped with modern st
Published 06 Jan, 2012 12:00am
Meezan Bank holds 18th Shariah Supervisory Board meeting

Meezan Bank holds 18th Shariah Supervisory Board meeting

The 18th Shariah Supervisory Board meeting of Meezan Bank Limited was held at the Darul Uloom Korangi here on Thursday. A statement issued here said that the meeting was chaired by former JusticeMuhammad Taqi Usmani. Other members of the Shariah Board inc
Published 06 Jan, 2012 12:00am
Khyber Pakhtunkhwa Assembly adopts Enforcement of Women Rights Bill 2011

Khyber Pakhtunkhwa Assembly adopts Enforcement of Women Rights Bill 2011

Khyber-Pakhtunkhwa Assembly on Thursday passed The Khyber-Pakhunkhwa Enforcement of Women Rights Bill, 2011, to protect and secure women's right to ownership of the property in the province. The Bill introduced by PPP woman MPA, Noor Sahar, in the provinc
Published 06 Jan, 2012 12:00am
NHA currently undertaking 61 development projects

NHA currently undertaking 61 development projects

National Highway Authority (NHA) is currently undertaking 61 development projects across the country. An amount of Rs 39.9 billion has been allocated under Public Sector Development Programme (PSDP) 2011-12 for NHA projects. This was revealed by Minister
Published 06 Jan, 2012 12:00am
Islamabad Police trace total of 75 murder cases in 2011

Islamabad Police trace total of 75 murder cases in 2011

Islamabad Police traced a total of 75 murders cases during the year 2011, collected vital evidences against 138 culprits and submitted challans of the cases to the concerned courts. Islamabad police succeeded in tracing 75 murders cases after collecting f
Published 06 Jan, 2012 12:00am
JACPIAE seeks meeting with defence minister on business plan

JACPIAE seeks meeting with defence minister on business plan

Joint Action Committee of PIA Employees (JACPIAE) has requested a meeting with Federal Minister for Defence and Chairman PIA before finalising business plan recommendations for the cabinet committee. Joint Action Committee of PIA Employees (JACPIAE) state
Published 06 Jan, 2012 12:00am
Inauguration of NIT/Summit Bank ATM Card tomorrow

Inauguration of NIT/Summit Bank ATM Card tomorrow

National Investment Trust (NIT) is coming up as pioneer of yet another value added innovative facility of NIT/Summit Bank Co-Branded ATM card for its unit holders with collaboration of Summit Bank. The inauguration ceremony of the NIT/Summit Bank Co-brand
Published 06 Jan, 2012 12:00am
PA's moot reviews law and order situation in Fata

PA's moot reviews law and order situation in Fata

The 12th Political Agents Conference with Governor Khyber Pakhtunkhwa Barrister Masood Kausar in the chair reviewed the law and order situation, anti-polio campaign in FATA, implementation on FATA reforms and the causes of unscheduled and prolonged power
Published 06 Jan, 2012 12:00am
Pakistan and Indonesia to finalise PTA signing soon: envoy

Pakistan and Indonesia to finalise PTA signing soon: envoy

Ambassador of the Republic of Indonesia to Pakistan, Ishak Latuconsina has said that the preferential trade agreement (PTA) between Pakistan and Indonesia will open new phase of trade relations between two neighbouring states, saying that Khyber Pakhtunkh
Published 06 Jan, 2012 12:00am
Drive to save GB forests soon

Drive to save GB forests soon

The Forest Department of Gilgit-Baltistan (GB) is planning to launch a drive to save the forests and wildlife of the region, said Secretary Forest GB Abdul Hameed Khan here on Thursday. Talking to APP, he said that forest is a precious asset of the countr
Published 06 Jan, 2012 12:00am
Credibility of data

Credibility of data

Federal Finance Minister Dr Hafeez Sheikh, subsequent to chairing a meeting of the governing council of the newly constituted Pakistan Bureau of Statistics (PBS) comprising of a merger between the Federal Bureau of Statistics (FBS), the Population Census
Published 06 Jan, 2012 12:00am
Putting Pak-US ties on an even keel

Putting Pak-US ties on an even keel

The Pak-US anti-terrorism relationship remains out of gear given their respectively hardened positions on issues which once were the linchpin of that collaboration. The deterioration to that bilateralism was creeping in ever since the Raymond Davis saga e
Published 06 Jan, 2012 12:00am
The gas crisis

The gas crisis

We are going through a gas crisis along with a power crisis, both are inter-related; one causes the other. Pakistan's energy balance sheet has long relied on gas as a fulcrum or main asset. That asset has been dwindling in relation to demand. Today the ga
Published 06 Jan, 2012 12:00am
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