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Archive - 2012-02-15
Malaysians keen to invest in Pakistan
Top News

Malaysians keen to invest in Pakistan

ISLAMABAD: Special envoy to the Malaysian Prime Minister on Infrastructure Datuk Seri Samy Vellu, said Malaysians are ke
Published 15 Feb, 2012 06:30pm
European stocks close mixed
Financial

European stocks close mixed

PARIS: European stock markets closed mixed on Wednesday, with London's benchmark FTSE 100 index sliding 0.13 percent to
Published 15 Feb, 2012 05:04pm
ISE-10 gains 9 points
Markets

ISE-10 gains 9 points

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Wednesday witnessed bullish trend as the index was up by 9.83 as co
Published 15 Feb, 2012 04:04pm
World Bank's Zoellick to step down
Top News

World Bank's Zoellick to step down

WASHINGTON: World Bank president Robert Zoellick will leave the job at the end of his five-year term on June 30, the Ban
Published 15 Feb, 2012 03:33pm
NA votes in 20th Amendment Bill
Top News

NA votes in 20th Amendment Bill

ISLAMABAD: The National Assembly voted for the 20th Constitutional Amendment Bill, the media reported on Wednesday. Arou
Published 15 Feb, 2012 01:37pm
RECORDER REPORT: KSE-mid day update
Top News

RECORDER REPORT: KSE-mid day update

KARACHI: On Wednesday until 12:30 P.M., KSE-100 Index remained positive since market opening. It was at 12,292.94 with a
Published 15 Feb, 2012 07:51am
Lion Air can afford huge Boeing order
Top News

Lion Air can afford huge Boeing order

SINGAPORE: The co-founder of Indonesia's Lion Air said on Wednesday the low-cost carrier could afford a record purchase
Published 15 Feb, 2012 06:48am
Mormon Church apologizes
North America

Mormon Church apologizes

LOS ANGELES: The Mormon Church on Tuesday apologized that its members had performed posthumous baptisms into Mormonism o
Published 15 Feb, 2012 06:43am
Japan crude stocks rise 3pc
Energy

Japan crude stocks rise 3pc

TOKYO: Japan's commercial crude inventories rose 3 percent last week from the previous week, while kerosene stocks fell
Published 15 Feb, 2012 06:32am
UN could cause bloodshed in Syria: China
Top News

UN could cause bloodshed in Syria: China

WASHINGTON: Missteps by the United Nations Security Council could cause worse bloodshed in Syria, a senior Chinese diplo
Published 15 Feb, 2012 04:22am
Allied Bank: Going great guns!
BR Research

Allied Bank: Going great guns!

Marking an annual growth of 23 percent in its bottom-line, Allied Bank Limited (ABL), the countrys fifth largest commercial bank, clocked in
Published 15 Feb, 2012 12:00am
Innovation is the key!
BR Research

Innovation is the key!

Enterprises across the world are coming up with innovative ideas to attract investment aimed to increase financial inclusion. Insurance comp
Published 15 Feb, 2012 12:00am
LSE index up 29.13 points

LSE index up 29.13 points

Bullish sentiment dominated the Lahore Stock Exchange on Tuesday and equities registered gains amid ascending transaction volume on account of fresh buying in blue chips. The LSE-25 index gained 29.13 points and closed at 3207.98 points against 3178.85 po
Published 15 Feb, 2012 12:00am
LSE index up 29.13 points

LSE index up 29.13 points

Bullish sentiment dominated the Lahore Stock Exchange on Tuesday and equities registered gains amid ascending transaction volume on account of fresh buying in blue chips. The LSE-25 index gained 29.13 points and closed at 3207.98 points against 3178.85 po
Published 15 Feb, 2012 12:00am
2.92 points gain in ISE index

2.92 points gain in ISE index

Equities moved both ways at Islamabad Stock Exchange (ISE) on Tuesday where investors adopted cautious approach amid increase in index. ISE-10 Index showed an improvement of 2.92 points from 2,693.16 points to 2,696.08 points. Turnover amounted to 65,800
Published 15 Feb, 2012 12:00am
2.92 points gain in ISE index

2.92 points gain in ISE index

Equities moved both ways at Islamabad Stock Exchange (ISE) on Tuesday where investors adopted cautious approach amid increase in index. ISE-10 Index showed an improvement of 2.92 points from 2,693.16 points to 2,696.08 points. Turnover amounted to 65,800
Published 15 Feb, 2012 12:00am
Bullets found in baggage: US diplomat detained, released

Bullets found in baggage: US diplomat detained, released

Police on Tuesday detained a US diplomat and seized ammunition from his possession here at Peshawar International Airport, but he was released after many hours' interrogation and intervention of US consulate. According to police, a US national was taken i
Published 15 Feb, 2012 12:00am
Bullets found in baggage: US diplomat detained, released

Bullets found in baggage: US diplomat detained, released

Police on Tuesday detained a US diplomat and seized ammunition from his possession here at Peshawar International Airport, but he was released after many hours' interrogation and intervention of US consulate. According to police, a US national was taken i
Published 15 Feb, 2012 12:00am
Harbiyar, Bramdagh agree on 'Balochistan charter'

Harbiyar, Bramdagh agree on 'Balochistan charter'

Self-exiled Baloch leaders, Nawabzadah Harbiyar Mari and Bramdagh Bugti agreed on a 'Balochistan charter' to strengthen the Baloch nation. According to a private television channel report, the meeting between the two leaders held in Bern, Switzerland. Dur
Published 15 Feb, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 15 Feb, 2012 12:00am
Harbiyar, Bramdagh agree on 'Balochistan charter'

Harbiyar, Bramdagh agree on 'Balochistan charter'

Self-exiled Baloch leaders, Nawabzadah Harbiyar Mari and Bramdagh Bugti agreed on a 'Balochistan charter' to strengthen the Baloch nation. According to a private television channel report, the meeting between the two leaders held in Bern, Switzerland. Dur
Published 15 Feb, 2012 12:00am
Seven labourers killed in Balochistan

Seven labourers killed in Balochistan

Unknown armed men shot dead seven labourers at Bulaida area of district Kech on Tuesday evening. According to the local police, the armed men opened fire at the camp of a construction firm which was constructing Turbat-Bulaida road and fled from the scene
Published 15 Feb, 2012 12:00am
Seven labourers killed in Balochistan

Seven labourers killed in Balochistan

Unknown armed men shot dead seven labourers at Bulaida area of district Kech on Tuesday evening. According to the local police, the armed men opened fire at the camp of a construction firm which was constructing Turbat-Bulaida road and fled from the scene
Published 15 Feb, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 15 Feb, 2012 12:00am
MQM MLA takes oath as AJK minister

MQM MLA takes oath as AJK minister

Member of Azad Jammu and Kashmir (AJK) Legislative Assembly Muhammad Saleem Butt, who belongs to Muttahida Qaumi Movement (MQM), here on Tuesday took oath as minister. AJK President Sardar Mohammad Yaqoob Khan administered the oath to Mohammad Saleem Butt
Published 15 Feb, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Feb, 2012 12:00am
MQM MLA takes oath as AJK minister

MQM MLA takes oath as AJK minister

Member of Azad Jammu and Kashmir (AJK) Legislative Assembly Muhammad Saleem Butt, who belongs to Muttahida Qaumi Movement (MQM), here on Tuesday took oath as minister. AJK President Sardar Mohammad Yaqoob Khan administered the oath to Mohammad Saleem Butt
Published 15 Feb, 2012 12:00am
Board meetings in progress

Board meetings in progress

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

Published 15 Feb, 2012 12:00am
Investment put on hold by bike makers

Investment put on hold by bike makers

Local motorcycle manufacturers have put on hold further investment in the industry due to volatile policies of the government, it is learnt. To their disenchantment, recently some government officials, having failed to convince relevant departments, initi
Published 15 Feb, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Feb, 2012 12:00am
Investment put on hold by bike makers

Investment put on hold by bike makers

Local motorcycle manufacturers have put on hold further investment in the industry due to volatile policies of the government, it is learnt. To their disenchantment, recently some government officials, having failed to convince relevant departments, initi
Published 15 Feb, 2012 12:00am
Investment put on hold by bike makers

Investment put on hold by bike makers

Local motorcycle manufacturers have put on hold further investment in the industry due to volatile policies of the government, it is learnt. To their disenchantment, recently some government officials, having failed to convince relevant departments, initi
Published 15 Feb, 2012 12:00am
Pakistan, Iran agree to complete power import project at the earliest

Pakistan, Iran agree to complete power import project at the earliest

Pakistan and Iran have agreed to complete power import project at the earliest, and to enhance bilateral relations in the field of trade, energy and economy between the two countries. The Ambassador of Iran to Pakistan Alireza Highighlian called on Minist
Published 15 Feb, 2012 12:00am
Pakistan, Iran agree to complete power import project at the earliest

Pakistan, Iran agree to complete power import project at the earliest

Pakistan and Iran have agreed to complete power import project at the earliest, and to enhance bilateral relations in the field of trade, energy and economy between the two countries. The Ambassador of Iran to Pakistan Alireza Highighlian called on Minist
Published 15 Feb, 2012 12:00am
Pakistan, Iran agree to complete power import project at the earliest

Pakistan, Iran agree to complete power import project at the earliest

Pakistan and Iran have agreed to complete power import project at the earliest, and to enhance bilateral relations in the field of trade, energy and economy between the two countries. The Ambassador of Iran to Pakistan Alireza Highighlian called on Minist
Published 15 Feb, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (February 14, 2012).

Published 15 Feb, 2012 12:00am
US, Afghans near deal on post-2014 mission: Panetta

US, Afghans near deal on post-2014 mission: Panetta

US and Afghan officials are weeks away from clinching a security pact allowing an American military mission to stay in Afghanistan beyond 2014, Defence Secretary Leon Panetta said Tuesday. The two sides still had to resolve disagreements over controversia
Published 15 Feb, 2012 12:00am
US, Afghans near deal on post-2014 mission: Panetta

US, Afghans near deal on post-2014 mission: Panetta

US and Afghan officials are weeks away from clinching a security pact allowing an American military mission to stay in Afghanistan beyond 2014, Defence Secretary Leon Panetta said Tuesday. The two sides still had to resolve disagreements over controversia
Published 15 Feb, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (February 14, 2012).

Published 15 Feb, 2012 12:00am
Iranian suspect held as blasts rattle Bangkok

Iranian suspect held as blasts rattle Bangkok

A suspected Iranian bomber had his legs blown off as he hurled a grenade at Thai police Tuesday, officials said, with Israel accusing Tehran of being behind the third attack in world capitals this week. The explosion in central Bangkok came a day after bo
Published 15 Feb, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (February 14, 2012).

Published 15 Feb, 2012 12:00am
Iranian suspect held as blasts rattle Bangkok

Iranian suspect held as blasts rattle Bangkok

A suspected Iranian bomber had his legs blown off as he hurled a grenade at Thai police Tuesday, officials said, with Israel accusing Tehran of being behind the third attack in world capitals this week. The explosion in central Bangkok came a day after bo
Published 15 Feb, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (February 14, 2012).

Published 15 Feb, 2012 12:00am
Sales price of natural gas to CNG stations: Ogra takes up issue with FBR

Sales price of natural gas to CNG stations: Ogra takes up issue with FBR

The Oil and Gas Regulatory Authority (Ogra) has taken up with the Federal Board of Revenue (FBR) the issue of inclusion of Gas Infrastructure Development Cess (GIDC) for application of sales tax on sale price of natural gas to CNG stations. Sources told <
Published 15 Feb, 2012 12:00am
THE RUPEE: dollar gains

THE RUPEE: dollar gains

The rupee drifted lower versus dollar on the currency market on Tuesday in process of trading, dealers said. The rupee shed three paisa against dollar for buying at 90.87 and came down after losing four paisa for selling at 90.90, they said.
Published 15 Feb, 2012 12:00am
Sales price of natural gas to CNG stations: Ogra takes up issue with FBR

Sales price of natural gas to CNG stations: Ogra takes up issue with FBR

The Oil and Gas Regulatory Authority (Ogra) has taken up with the Federal Board of Revenue (FBR) the issue of inclusion of Gas Infrastructure Development Cess (GIDC) for application of sales tax on sale price of natural gas to CNG stations. Sources told <
Published 15 Feb, 2012 12:00am
THE RUPEE: dollar gains

THE RUPEE: dollar gains

The rupee drifted lower versus dollar on the currency market on Tuesday in process of trading, dealers said. The rupee shed three paisa against dollar for buying at 90.87 and came down after losing four paisa for selling at 90.90, they said.
Published 15 Feb, 2012 12:00am
Sales price of natural gas to CNG stations: Ogra takes up issue with FBR

Sales price of natural gas to CNG stations: Ogra takes up issue with FBR

The Oil and Gas Regulatory Authority (Ogra) has taken up with the Federal Board of Revenue (FBR) the issue of inclusion of Gas Infrastructure Development Cess (GIDC) for application of sales tax on sale price of natural gas to CNG stations. Sources told <
Published 15 Feb, 2012 12:00am
Karzai to push for access to Taliban in Pakistan

Karzai to push for access to Taliban in Pakistan

Afghan President Hamid Karzai will press Pakistan to provide access to senior Afghan Taliban leaders when he visits Islamabad this week in a bid to advance a nascent peace process with the militant group, senior Afghan officials said on Tuesday. Pakistan
Published 15 Feb, 2012 12:00am
Karzai to push for access to Taliban in Pakistan

Karzai to push for access to Taliban in Pakistan

Afghan President Hamid Karzai will press Pakistan to provide access to senior Afghan Taliban leaders when he visits Islamabad this week in a bid to advance a nascent peace process with the militant group, senior Afghan officials said on Tuesday. Pakistan
Published 15 Feb, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 14, 2012).

Published 15 Feb, 2012 12:00am
Two SSP activists killed

Two SSP activists killed

The city on Tuesday remained engulfed in the spree of targeted killing as two activists of banned outfit Sipah Sahaba Pakistan (SSP) were gunned down in the limits of Shamim Shaheed police check post. According to police, the incident took place near rick
Published 15 Feb, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 14, 2012).

Published 15 Feb, 2012 12:00am
Bodies of five premature babies found

Bodies of five premature babies found

Sindh Police on Tuesday found five bodies of premature baby girls from garbage dump in the jurisdiction of the Mehmoodabad police station. According to details, the recoveries of these babies were made at sector E of Akhtar Colony that resulted to spread
Published 15 Feb, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (February 14, 2012).

Published 15 Feb, 2012 12:00am
Two teenagers killed in road accident

Two teenagers killed in road accident

At least two teenagers were crushed to death in a road accident in Gulberg police station remits on Tuesday. According to police, the incident took place at Ayesha Mazil where two pillion riders were knocked by speedy trailer (TLL-402). Resultantly, both
Published 15 Feb, 2012 12:00am
Trade with India: Pakistan faces $1.1 billion deficit

Trade with India: Pakistan faces $1.1 billion deficit

When the government has all set to grant most favoured nation (MFN) status to India, the trade statistics between the two countries show that Pakistan's exports to India is falling gradually and imports rising speedily, resulting that Pakistan has faced o
Published 15 Feb, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (February 14, 2012).

Published 15 Feb, 2012 12:00am
Alleged robber killed in encounter

Alleged robber killed in encounter

Sindh police on Tuesday claimed to have killed an alleged bandit and arrested his other accomplice after brief encounter in the limits of Aziz Bhatti police station. According to police, the encounter took place near Bait-ul-Mukarram Mosque, University Ro
Published 15 Feb, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (February 14, 2012) and for Wednesday (February 15, 2012).
Published 15 Feb, 2012 12:00am
Intra-regional trade of Saarc member countries discussed

Intra-regional trade of Saarc member countries discussed

The seventh meeting of Safta Committee of Expert held on Tuesday in Islamabad to discuss intra-regional trade of Saarc member countries. The meeting deliberated the various dimensions of trade agenda of Safta members. The meeting started with consideratio
Published 15 Feb, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (February 14, 2012).

Published 15 Feb, 2012 12:00am
PNS 'Babur' to reach Saudi Arabia on goodwill visit

PNS 'Babur' to reach Saudi Arabia on goodwill visit

A Pakistan Navy ship, 'PNS Babur', will reach Saudi Arabian port of Jubail for five-day goodwill-cum-training visit, starting from March 3. The visit is in line with the great maritime traditions and to further cement the existing warm and cordial relatio
Published 15 Feb, 2012 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 15 Feb, 2012 12:00am
Musical evening held

Musical evening held

A grand musical evening was jointly organised by PC Rawalpindi and Sonic Peacemakers and was attended by a large number of musical lovers of the twin cities. The performers included QB (Qurat ul Ain Baloch), Todd Shea, Araib Azhar, Amir Hussain (Sitar Naw
Published 15 Feb, 2012 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 15 Feb, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (February 14, 2012).

Published 15 Feb, 2012 12:00am
40 faculty members complete PhD studies: HEC

40 faculty members complete PhD studies: HEC

Out of 98 faculty members of 15 selected universities of the country sent by the Higher Education Commission (HEC) for PhD on scholarships, forty faculty members have successfully completed their PhD studies from reputed foreign institutions. The Commissi
Published 15 Feb, 2012 12:00am
The Weather

The Weather

The weather report on Tuesday (February 14, 2012) and the forecast for Wednesday (February 15, 2012).

Published 15 Feb, 2012 12:00am
Easypaisa gets $6.5 million grant from Bill & Melinda Gates Foundation

Easypaisa gets $6.5 million grant from Bill & Melinda Gates Foundation

Easypaisa, a joint initiative of Telenor Pakistan and Tameer Micro Finance Bank, received a dollar 6.5 million grant from the Bill & Melinda Gates Foundation to increase adoption of its mobile financial services among Pakistan's poorest households and to
Published 15 Feb, 2012 12:00am
Meeting of Board-in-Council of FBR concludes

Meeting of Board-in-Council of FBR concludes

The meeting of the Board-in-Council of the Federal Board of Revenue (FBR) concluded on Tuesday after short discussion on the revenue collection targets due to heavy engagements of Chairman FBR, Mumtaz Haider Rizvi. Sources told Business Recorder he
Published 15 Feb, 2012 12:00am
FC man deployed at US CG dies

FC man deployed at US CG dies

A Frontier Corps (FC) men was killed in a gun shot fired accidentally here on Tuesday. The FC man was deployed at US Consulate here. According to reports, M. Sadiq, an FC man, was killed after he was hit by a bullet. Some sources were terming it a suicide
Published 15 Feb, 2012 12:00am
Three PN officials promoted as Vice Admirals

Three PN officials promoted as Vice Admirals

Three senior officers of Pakistan Navy, Rear Admiral Muhammad Shafique, Rear Admiral Muhammad Zakaullah and Rear Admiral Shafqat Javed have been promoted to the rank of Vice Admiral, a spokesman of Pakistan Navy said here on Tuesday.
Published 15 Feb, 2012 12:00am
PTCL introduces 'Jadoo Box' device

PTCL introduces 'Jadoo Box' device

Following tradition of providing state-of-the-art telecom services to the nation, Pakistan Telecommunication Company Limited (PTCL) has brought to its customers a fascinating 'Jadoo Box' - a novelty device that gives uninterrupted connectivity on wired DS
Published 15 Feb, 2012 12:00am
Khyber Pakhtunkhwa Assembly session today

Khyber Pakhtunkhwa Assembly session today

Governor of Khyber Pakhtunkhwa Barrister Masaud Kauser has summoned Provincial Assembly (PA) to meet on Wednesday (today) at 4pm in the Assembly Building. A notification to this effect was issued on Tuesday.
Published 15 Feb, 2012 12:00am
CCP team carries out raid on PBA; record impounded

CCP team carries out raid on PBA; record impounded

A CCP announcement here on Tuesday said that the CCP, exercising its powers under section 34 of the Competition Act, 2010, on Tuesday conducted search and inspection of Pakistan Banks' Association in Karachi to impound proof of the association's suspected
Published 15 Feb, 2012 12:00am
Who has dumped unknown bodies in Capital?

Who has dumped unknown bodies in Capital?

Hundreds of police pickets established at different entry points and other areas of the capital city have failed to check shifting of unknown dead bodies from other cities for what police official say dumping in the capital with the aim to subvert police
Published 15 Feb, 2012 12:00am
Getting vote right: President, Prime Minister greet overseas Pakistanis

Getting vote right: President, Prime Minister greet overseas Pakistanis

President Asif Ali Zardari and Prime Minister Syed Yousuf Raza Gilani on Tuesday greeted the overseas Pakistanis for getting the permission to participate in the electoral process. The decision of the Election Commission of Pakistan (ECP) will give voting
Published 15 Feb, 2012 12:00am
LCCI rejects SRO 821(I) 2011

LCCI rejects SRO 821(I) 2011

The Lahore Chamber of Commerce and Industry (LCCI) on Tuesday rejected the SRO 821(I) 2011 and threatened to agitate if a forced implementation of widely-opposed and controversial SRO was made. The LCCI President Irfan Qaiser Sheikh said that the LCCI is
Published 15 Feb, 2012 12:00am
'PPP leadership deviated from party's vision, mission'

'PPP leadership deviated from party's vision, mission'

Naheed Khan, former political secretary of slain PPP chairperson Benazir Bhutto, claimed that the present party leadership had deviated from the vision and mission of the party's founding Chairman Shaheed Zulfiqar Ali Bhutto and Shaheed Benazir Bhutto. "T
Published 15 Feb, 2012 12:00am
LPG marketing companies report sharp cut in February sales

LPG marketing companies report sharp cut in February sales

LPG marketing companies have reported a sharp reduction in their sales for the month of February. Sales have slowed down by as much as 30 percent due to the imposition of the petroleum levy. According to spokesman of LPG Association of Pakistan, Bilal Jab
Published 15 Feb, 2012 12:00am
Two-zone policy for Punjab textile to be followed from March 1: SNGPL

Two-zone policy for Punjab textile to be followed from March 1: SNGPL

Managing Director, Sui Northern Gas Pipelines Ltd (SNGPL), Arif Hameed, has said that two zones policy for textile industry will be followed for gas distribution from 1st of March. He was addressing the Executive Committee Members of Aptma on Tuesday. Sen
Published 15 Feb, 2012 12:00am
PEW for banning Valentine's Day celebrations

PEW for banning Valentine's Day celebrations

The Pakistan Economy Watch (PEW) on Tuesday called for banning Valentine's Day celebrations in Pakistan terming it an immoral activity which promote social ills. Religious institutions should spread anti-Valentine's Day message while the government should
Published 15 Feb, 2012 12:00am
Rabi crops: Irsa releasing 1,18,000 cusecs of water

Rabi crops: Irsa releasing 1,18,000 cusecs of water

Indus River System Authority (Irsa) is releasing 1,18,000 cusecs water to meet water demands for irrigating the Rabi crops including wheat, barley, grams, oilseeds, lentils, vegetable, orchards and fodder etc across the country. Agriculture experts said t
Published 15 Feb, 2012 12:00am
High prices of fertilisers: growers facing serious crisis: FAP

High prices of fertilisers: growers facing serious crisis: FAP

Farmers Associates Pakistan (FAP) Chairman Shah Mahmood Qureshi said here Tuesday that growers are going through a serious crisis due to high prices of fertilizers, exploitation of sugarcane growers by the millers and lower prices of different crops inclu
Published 15 Feb, 2012 12:00am
Senate elections: PML-F, PML-L and MQM candidates file nomination papers

Senate elections: PML-F, PML-L and MQM candidates file nomination papers

Candidates of Pakistan Muslim League-Linkeminded (PML-L), Muttahida Qaumi Movement (MQM) and Pakistan Muslim League-Functional (PML-F) have submitted their nomination papers for upcoming Senate elections to Provincial Election Commission here on Tuesday.
Published 15 Feb, 2012 12:00am
Aitzaz submits nomination papers

Aitzaz submits nomination papers

Senior PPP leader Barrister Aitzaz Ahsan said on Tuesday that integrity and respect of judiciary is integral to democracy. He was talking to media after submitting his nomination papers to Election Commission office for upcoming Senate elections. He disag
Published 15 Feb, 2012 12:00am
Waste heat recovery project registered with UNFCCC

Waste heat recovery project registered with UNFCCC

The Waste Heat Recovery Project of DG Khan Cement Company situated at Dera Ghazi Khan has been successfully registered with the United Nations Framework Convention on Climate Change (UNFCCC) for carbon credit. According to an information sent to Karachi S
Published 15 Feb, 2012 12:00am
Women Empowerment Conference on February 23

Women Empowerment Conference on February 23

Mazars in Pakistan is organising a 'Women Empowerment Conference' on February 23 in Islamabad. The conference will include female public representatives, CEOs, NGO activists, media celebrities and entrepreneurs who will share their experiences cherishing
Published 15 Feb, 2012 12:00am
10 PPP candidates submit papers amid slogans 'Jeay Bhutto'

10 PPP candidates submit papers amid slogans 'Jeay Bhutto'

As many as 10 candidfates of Pakistan People's Party (PPP) on Tuesday submitted their nomination papers for Senate elections amid slogans of 'Jeay Bhutto'. All PPP candidates came to the office of Provincial Election Commission for submitting their nomina
Published 15 Feb, 2012 12:00am
Fire Brigade employees get salaries

Fire Brigade employees get salaries

The payment of salary of 1,263 employees of fire brigade was made while the Rs 12 million amount in the head of overtime will also be paid by 20th February. Municipal Commissioner KMC Matanat Ali Khan said this in meeting with the delegation of fire briga
Published 15 Feb, 2012 12:00am
ECP receives nomination papers of 20 candidates

ECP receives nomination papers of 20 candidates

Election Commission of Pakistan (ECP) on Tuesday received nomination papers from 20 candidates to contest Senate election. The ECP received four nomination papers against general seats and 16 to contest on Fata seats. Those who submitted their documents t
Published 15 Feb, 2012 12:00am
BMA Capital honoured for 3rd consecutive year

BMA Capital honoured for 3rd consecutive year

Corporate Finance and Advisory at BMA Capital has won second place in the Banker Deals of the Year for 2011 throughout the Asia Pacific region. This marks the third consecutive year for BMA Capital to receive this accolade since 2009. It is, indeed, an ho
Published 15 Feb, 2012 12:00am
Unattended garbage heaps posing health hazards to people

Unattended garbage heaps posing health hazards to people

The garbage heaps lying unattended for many days in various areas of the city are posing hazards to the health of citizens, as District Municipal Corporations (DMCs) have failed in timely dumping the garbage and solid waste at the designated landfill site
Published 15 Feb, 2012 12:00am
Profit after tax of Allied Bank increases to Rs 10.139 billion

Profit after tax of Allied Bank increases to Rs 10.139 billion

The profit after tax of Allied Bank has increased to Rs 10.139 billion in the year ended December 31, 2011 as compared to Rs 8.225 billion earned in the year 2010. The bank's earning per share has increased to Rs 11.79 in the period under review against R
Published 15 Feb, 2012 12:00am
Profit after tax of Allied Bank increases to Rs 10.139 billion

Profit after tax of Allied Bank increases to Rs 10.139 billion

The profit after tax of Allied Bank has increased to Rs 10.139 billion in the year ended December 31, 2011 as compared to Rs 8.225 billion earned in the year 2010. The bank's earning per share has increased to Rs 11.79 in the period under review against R
Published 15 Feb, 2012 12:00am
Profit after tax of Askari Bank increases to Rs 1,627.698 million

Profit after tax of Askari Bank increases to Rs 1,627.698 million

The profit after tax of Askari Bank has increased to Rs 1,627.698 million in the year ended December 31, 2011 as compared to Rs 943.177 million earned in the corresponding period in 2010. The bank's earning per share increased to Rs 2.30 in the period und
Published 15 Feb, 2012 12:00am
Profit after tax of Askari Bank increases to Rs 1,627.698 million

Profit after tax of Askari Bank increases to Rs 1,627.698 million

The profit after tax of Askari Bank has increased to Rs 1,627.698 million in the year ended December 31, 2011 as compared to Rs 943.177 million earned in the corresponding period in 2010. The bank's earning per share increased to Rs 2.30 in the period und
Published 15 Feb, 2012 12:00am
Jubilee Insurance earns Rs 797.189 million profit after tax

Jubilee Insurance earns Rs 797.189 million profit after tax

The profit after tax of Jubilee General Insurance Company has increased to Rs 797.189 million in the year ended December 31, 2011 as compared to Rs 450.151 million earned in the corresponding period in 2010. The company's earning per share increased to Rs
Published 15 Feb, 2012 12:00am
Jubilee Insurance earns Rs 797.189 million profit after tax

Jubilee Insurance earns Rs 797.189 million profit after tax

The profit after tax of Jubilee General Insurance Company has increased to Rs 797.189 million in the year ended December 31, 2011 as compared to Rs 450.151 million earned in the corresponding period in 2010. The company's earning per share increased to Rs
Published 15 Feb, 2012 12:00am
Five-member body to hold talks with Sindh University teachers

Five-member body to hold talks with Sindh University teachers

The Governor House Karachi has constituted a 5-member committee to hold dialogue with Sindh University teachers Jamshoro conditionally to resume the classes. A meeting of the Vice Chancellors Committee was held at the Governor House Karachi on Monday even
Published 15 Feb, 2012 12:00am
Soneri Bank opens new branch in Sialkot

Soneri Bank opens new branch in Sialkot

Soneri Bank Ltd opened its new branch in Sialkot Cantonment. The branch was formally inaugurated on January 27, 2012, by the bank's Chairman, Alauddin J Feerasta during a simple ceremony, attended by leading customers, senior executives and bank's staff f
Published 15 Feb, 2012 12:00am
Senior FBR official visits NCCPL

Senior FBR official visits NCCPL

A senior official of the Federal Board of Revenue (FBR) on Tuesday visited the National Clearing Company of Pakistan Limited (NCCPL) to study its systems and mechanism being deployed for computing and deducting the Capital Gains Tax (CGT). The visit has b
Published 15 Feb, 2012 12:00am
Magazine 'SouthAsia' again nominated for Genesis Award

Magazine 'SouthAsia' again nominated for Genesis Award

Pakistan's monthly magazine SouthAsia, focused on foreign policy, political and business issues, has once again been nominated for the 26th Genesis Awards, presented by The Humane Society of the United States, in the Outstanding Written Word - Brigitte Ba
Published 15 Feb, 2012 12:00am
Hamdard holds Hajj balloting

Hamdard holds Hajj balloting

Hamdard will send its eight workers for Hajj and three for Umrah this year. In this connection a Hajj balloting ceremony was held on Monday at Al-Majeed Hamdard Centre, Nazimabad, Karachi. Chairperson, Mrs Sadia Rashid and Managing Director, Hamdard Labor
Published 15 Feb, 2012 12:00am
Funds released: work begins again on Gorakh Hills

Funds released: work begins again on Gorakh Hills

Development work has been resumed at Gorah Hill Station, which had been halted, in the middle of Decemebr 2011, due to stoppage of funds by former Secretery, Tourism, Pir Bux Jamali. He had stopped release of Rs 185 million of Gorakh Hills Development Aut
Published 15 Feb, 2012 12:00am
'Iran ready to provide 1,000 megawatts of electricity through Taftan'

'Iran ready to provide 1,000 megawatts of electricity through Taftan'

The Consul General of Islamic Republic of Iran based at Quetta Seyed Hassan Yahyavi Tuesday said that Iran is ready to inject 1,000MW electricity to Pakistani transmission line through Taftan with immediate effect. Addressing a news conference at Consulat
Published 15 Feb, 2012 12:00am
PDMA for serious steps towards child protection

PDMA for serious steps towards child protection

Provincial Disaster Management Authority (PDMA) Director General Khalid Sherdil has stressed the need for making serious steps for child protection in general and in disasters specially. He was addressing as chief guest at a one-day training session on "C
Published 15 Feb, 2012 12:00am
Cold, dry weather forecast

Cold, dry weather forecast

The Met office on Tuesday forecast mainly cold and dry weather for most parts of the country in the next 24 hours. However, it says light rain with light snowfall over the hills at few places of Kashmir and adjoining hilly areas on Tuesday night is likely
Published 15 Feb, 2012 12:00am
Warid's amazing offer 'Bol Utha Karachi'

Warid's amazing offer 'Bol Utha Karachi'

Warid Telecom recently announced its Karachi Offer 'Bol Utha Karachi' in which people in Karachi can make free and unlimited calls to all Warid numbers from 12am till 12pm with the daily rental of only Rs 3.99+t. This amazing offer can be subscribed by bo
Published 15 Feb, 2012 12:00am
Notification

Notification

The Punjab Kachi Abadies Department has been notified as attached department of Board of Revenue, Colonies Department. According to an official here on Tuesday, Punjab Chief Secretary Nasir Mahmood Khosa issued a notification in this regard. Earlier, Puna
Published 15 Feb, 2012 12:00am
Government fails to tackle economic challenges: PIAF

Government fails to tackle economic challenges: PIAF

Pakistan Industrial and Traders Association Front (PIAF), Chairman, Sohail Lashari, has said that the government has miserably failed to tackle the economic challenges including power outages, repeated hikes in electricity rates, gas shortage, rupee deval
Published 15 Feb, 2012 12:00am
Trade with India: government urged to reconsider decision

Trade with India: government urged to reconsider decision

Agri Forum Pakistan, Chairman, Muhammad Ibrahim Mughal, has appealed to the government to reconsider the decision of trade with India, because doing business with India is 50 per cent less while agricultural input prices are 70 per cent less then Pakistan
Published 15 Feb, 2012 12:00am
Punjab Assembly session today

Punjab Assembly session today

Governor Punjab Latif Khan Khosa has summoned Punjab Assembly (PA) to meet on Wednesday (today) at 10am. Matters pertaining to drug regulatory authority and many other issues related to medicines are likely to be discussed. Speaker Rana Iqbal would chaire
Published 15 Feb, 2012 12:00am
Efforts on to implement Indo-Pak trade roadmap: Sharma

Efforts on to implement Indo-Pak trade roadmap: Sharma

Indian Minister for Commerce, Industry and Textile, Anand Sharma, has said that a roadmap of trade between Pakistan and India has been evolved and efforts are being made to implement it. Addressing members of Karachi Chamber of Commerce and Industry (KCCI
Published 15 Feb, 2012 12:00am
'Pakistan needed to give attention towards its image building'

'Pakistan needed to give attention towards its image building'

Pakistan can overcome its financial woes by strengthening business-to-business interactions that is a prerequisite to expand economic activities and create better entrepreneurs. President Entrepreneurs Organisation (EO) Global Kevin Langley while talking
Published 15 Feb, 2012 12:00am
AJK government asked to build Kashmir memorial

AJK government asked to build Kashmir memorial

Chairman, Hurriyat (G), Syed Ali Geelani has appealed the Prime Minister of Azad Kashmir Chaudhry Abdul Majeed to build a Memorial in Muzaffarabad similar to Europe's Holocaust Memorial in remembrance of the people of Kashmir. In a letter written to the A
Published 15 Feb, 2012 12:00am
YDA rejects increase in fee

YDA rejects increase in fee

The Young Doctors Association (YDA) and parents action committee has rejected the increase of Rs 100,000 in fee by private medical and dental colleges terming it a sheer injustice. The YDA office bearers while addressing a press conference on Tuesday said
Published 15 Feb, 2012 12:00am
Polio vaccines 362 mobile teams constituted in Kurram Agency

Polio vaccines 362 mobile teams constituted in Kurram Agency

The government has constituted 362 transit and mobile teams for vaccination of 118,000 children blow five years of age in Parachinar, headquarters of Kurram Agency, an official said on Tuesday. Talking to media person in Parachinar Field Staff Medical Off
Published 15 Feb, 2012 12:00am
The transport policy

The transport policy

The comprehensive transport policy prepared and approved by the Planning Commission together with all the stakeholders including secretaries and senior officers of ministries concerned in the transportation chain, have proposed opening up the entire secto
Published 15 Feb, 2012 12:00am
US meddling

US meddling

The hearing in a US congressional sub-committee on the situation in Balochistan last week, has received yet another stiff rebuke, this time through a unanimously adopted resolution of the National Assembly. Condemning the move as "blatant interference in
Published 15 Feb, 2012 12:00am
Need for judicial performance commission

Need for judicial performance commission

In many parts of the world, individuals which may include Unions, dissatisfied with judicial conduct have a right of access to a Judicial Ombudsman or a Judicial Performance Commission. It is understood that a vast majority of American States have such a
Published 15 Feb, 2012 12:00am
Trade not aid - a myth

Trade not aid - a myth

Developing countries, including Pakistan, often raise the demand of "trade not aid" in various international trade/investment-related forums. Ideally, this should have been one of the important components of the world economic system, but since the role o
Published 15 Feb, 2012 12:00am
Extremism wanes as Baghdad celebrates Valentine's Day

Extremism wanes as Baghdad celebrates Valentine's Day

In fresh evidence that extreme religious groups are gradually losing their influence on Iraqi society, Baghdad celebrated St Valentine's in full force on Tuesday, with people dressed in red and shops competing with different gifts to mark the day. Borouj
Published 15 Feb, 2012 12:00am
Sri Lankan President's visit

Sri Lankan President's visit

The just concluded visit of the Sri Lankan President to Pakistan has undoubtedly given a new dimension to bilateral relations between the two countries in view of the fact that both countries have agreed to enhance their bilateral trade from the current v
Published 15 Feb, 2012 12:00am
Combating TB: speakers for awareness through media, academicians

Combating TB: speakers for awareness through media, academicians

Speakers at a seminar here Tuesday underlined the need for public awareness through media and academicians to combat Tuberculosis in the country. Speaking on the occasion, Dr Zabeeh Ullah Khan said that TB is a curable disease and could be treated through
Published 15 Feb, 2012 12:00am
PAC reviews audit objections

PAC reviews audit objections

The Public Accounts Committee (PAC) of Khyber Pakhtunkhwa Assembly on Tuesday reviewed audit objections concerning the departtments of law and environment KP Assembly Speaker Kiramatullah Khan, who is chairman of the committee, presided over the first ses
Published 15 Feb, 2012 12:00am
EEC signs MoU with NCEG

EEC signs MoU with NCEG

The Earthq-uake Engineering Centre (EEC) of the University of Engineering and Technology (UET) on Tuesday signed an agreement with the National Centre of Excellence in Geology (NCEG), University of Peshawar, to extend co-operation in earthquake engineerin
Published 15 Feb, 2012 12:00am
Pakistan, Chile have potential of trade

Pakistan, Chile have potential of trade

Pakistan and Chile have great potential of trading and investment in many sectors, which are needed to be exploited through greater co-operation between the two countries. Chilean Director of Asia-Pacific, Ambassador José Miguel de la Cruz made these rema
Published 15 Feb, 2012 12:00am
Don't put sugar on positive list, PSMA urges government

Don't put sugar on positive list, PSMA urges government

Pakistan Sugar Mills Association (PSMA) has urged the Commerce Ministry to exclude sugar from positive list while granting Most Favoured Nation (MFN) status to India. On Tuesday Federal Cabinet quashed negative list prepared by the Commerce Ministry, as M
Published 15 Feb, 2012 12:00am
APCNGA for lifting ban on import of CNG kits, cylinders

APCNGA for lifting ban on import of CNG kits, cylinders

The All Pakistan CNG Association (APCNGA) has urged the government to lift the ban on import of CNG kits and cylinders and withdraw the import duty on CNG parts. This was stated by Ghiyas Abdullah Paracha the Central Chairman All Pakistan CNG Association
Published 15 Feb, 2012 12:00am
Josh literary moot on February 22

Josh literary moot on February 22

Literary organisation 'Josh Adabi Foundation' will hold a literary conference to observe 30th death anniversary of great revolutionary poet Josh Malihabadi on February 22. The conference will be organised in collaboration with the Josh Memorial Committee
Published 15 Feb, 2012 12:00am
Violence against women increases considerably in 2011

Violence against women increases considerably in 2011

The tall claims of the government about the protection of women rights were no more than lip service, as the incidents of sexual assaults; acid throwing and honour killing registered a considerable increase in 2011 as compared to last year.
Published 15 Feb, 2012 12:00am
US MIDDAY: gold drops

US MIDDAY: gold drops

Gold dropped on Tuesday as the dollar strengthened versus the euro on renewed fears of credit downgrades in major European economies and uncertainty over Greece's bailout. Bullion slid with the euro after Moody's warned it may cut its triple-A credit rati
Published 15 Feb, 2012 12:00am
US MIDDAY: copper slides

US MIDDAY: copper slides

In New York, the key COMEX March contract fell 2.50 cents to settle at $3.8145 per lb, after dealing between $3.7840 and $3.8590. It too touched its priciest level in five months last week at $3.9895. Copper bears latched on to data on Tuesday showing US
Published 15 Feb, 2012 12:00am
US MIDDAY: soya up

US MIDDAY: soya up

US soyabean futures rose for a third straight session on Tuesday, buoyed by concerns about Brazil's crop prospects and fresh export demand for US supplies, traders said. Wheat and corn futures were lower but pared early declines as soyabeans rose to a nea
Published 15 Feb, 2012 12:00am
Gold slips in London

Gold slips in London

Gold eased on Tuesday, under pressure from the decline in the euro against the dollar after Moody's warned it may cut its triple-A credit ratings of France, Britain and Austria because of the threat posed by the euro zone debt crisis. Spot gold was at $1,
Published 15 Feb, 2012 12:00am
Gold dips in Asia

Gold dips in Asia

Gold edged lower on Tuesday, tracking a weaker euro, as wary investors focused on whether Greece will be able to convince Europe to grant a much-needed bailout and Moody's warning on some European nations' ratings rekindled contagion fears. Spot gold edge
Published 15 Feb, 2012 12:00am
Gold rises in New York

Gold rises in New York

Gold managed to end with a small gain in light volume on Monday, as technical selling and a fizzled euro rally offset bullion's initial gains after Greece's parliament passed austerity measures needed to secure an international bailout package. The metal'
Published 15 Feb, 2012 12:00am
Arabica sinks

Arabica sinks

Arabica coffee futures tumbled 4 percent on Tuesday in their biggest decline since October, closing at a 14-month low on origin and commercial selling that triggered automatic sell orders. But as coffee fell, cocoa soared on heavy investor short-covering.
Published 15 Feb, 2012 12:00am
Palm oil rises

Palm oil rises

Malaysian crude palm oil futures rose to more-than-a-month high on Tuesday, tracking a rally in US soybeans on investor concern that hot, dry weather in South America could hurt production. A weaker ringgit currency against the US dollar also raised deman
Published 15 Feb, 2012 12:00am
Soya near four-month high

Soya near four-month high

US soyabeans and corn rallied on Monday, recouping losses from last week, as hopes that Greece can avoid a default after lawmakers passed an austerity bill to secure a bailout lifted the grains complex as well as crude oil. Wall Street traded modestly hig
Published 15 Feb, 2012 12:00am
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