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Archive - 2012-02-21
World Bank encouraged on Myanmar
Top News

World Bank encouraged on Myanmar

WASHINGTON: The World Bank said Tuesday that it was encouraged by Myanmar's new openness and wanted to support economic
Published 21 Feb, 2012 11:35pm
ISE-10 gains 4 points
Markets

ISE-10 gains 4 points

ISLAMABAD: Islamabad Stock Exchange (ISE-10) here on Tuesday witnessed bullish trend as the index gained 4.22 points to
Published 21 Feb, 2012 04:11pm
Gold surges to Rs 50,828 per 10 grams
Top News

Gold surges to Rs 50,828 per 10 grams

KARACHI: Gold surged by Rs 386 to close at Rs 50,828 per 10 grams in the local market on Tuesday as its international pr
Published 21 Feb, 2012 02:18pm
FM Khar and Clinton to meet on Thursday
Top News

FM Khar and Clinton to meet on Thursday

LONDON: Pakistani Foreign Minister Hina Rabbani Khar said on Tuesday she would meet US Secretary of State Hillary Clinto
Published 21 Feb, 2012 02:00pm
Economy to grow at 4.7pc by 2014
Top News

Economy to grow at 4.7pc by 2014

ISLAMABAD : Economic Growth of the country would reach 4.7 percent by fiscal year 2014 while the growth during the c
Published 21 Feb, 2012 12:49pm
Greek bailout gets mixed welcome
Top News

Greek bailout gets mixed welcome

PARIS: Eurozone finance ministers agreed Tuesday on a huge financial rescue for Greece which EU leaders hailed as a succ
Published 21 Feb, 2012 11:22am
Gilani chairs BISP meeting
Top News

Gilani chairs BISP meeting

KARACHI : Prime Minister Syed Yousuf Raza Gilani chaired the meeting of the Benazir Income Support Progamme (BISP), the
Published 21 Feb, 2012 10:31am
RECORDER REPORT: KSE mid day update
Top News

RECORDER REPORT: KSE mid day update

KARACHI: On Tuesday at 12:35 P.M., KSE-100 Index dropped into negative after remaining positive since market opening and
Published 21 Feb, 2012 09:05am
MCB Bank 2011 net profit up 15pc
Top News

MCB Bank 2011 net profit up 15pc

KARACHI: MCB Bank reported on Tuesday a net profit of 19.42 billion rupees ($213.88 million) for the year ended on Dec.
Published 21 Feb, 2012 08:12am
'Government to empower women'
Top News

'Government to empower women'

KARACHI : Interior Minister Rehman Malik said the government is committed to empowering women. Talking to the media h
Published 21 Feb, 2012 07:31am
China coal imports fall 8pc
Top News

China coal imports fall 8pc

SHANGHAI: China January coal imports fell 8 percent from the previous month to 19.65 million tonnes, a second straight m
Published 21 Feb, 2012 05:48am
Tokyo stocks open down 0.28pc
Financial

Tokyo stocks open down 0.28pc

TOKYO: Tokyo stocks opened 0.28 percent lower on Tuesday as investors awaited the outcome of euro-zone finance ministers
Published 21 Feb, 2012 05:33am
Oil prices extend gains in Asian trade
Top News

Oil prices extend gains in Asian trade

SINGAPORE: Oil prices extended gains in Asian trade Tuesday after eurozone finance ministers sealed a deal on a massive
Published 21 Feb, 2012 04:51am
Last words before the Greek debt deal
Top News

Last words before the Greek debt deal

PARIS: The Greek debt crisis began just over two years ago and in that time politicians, media and financial markets hav
Published 21 Feb, 2012 04:49am
Azumi chill on G-20 agreement: Japan
Top News

Azumi chill on G-20 agreement: Japan

TOKYO : The G20 is not yet ready to agree on providing more funds to the International Monetary Fund to fight Europe 's
Published 21 Feb, 2012 04:33am
PSDP: the states quagmire
BR Research

PSDP: the states quagmire

Public sector works and development spending are well-tried ways to jump start the slackening economies. However, such programmes cannot, in
Published 21 Feb, 2012 12:00am
Create liquidity to resolve circular debt issue: SBP governor

Create liquidity to resolve circular debt issue: SBP governor

State Bank of Pakistan (SBP) Governor Yaseen Anwar Monday said that circular debt issue could only be resolved by creating liquidity, not only from the banking system but also from other channels in the country. Elaborating, he said, one solution in this
Published 21 Feb, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (February 20, 2012).

Published 21 Feb, 2012 12:00am
Create liquidity to resolve circular debt issue: SBP governor

Create liquidity to resolve circular debt issue: SBP governor

State Bank of Pakistan (SBP) Governor Yaseen Anwar Monday said that circular debt issue could only be resolved by creating liquidity, not only from the banking system but also from other channels in the country. Elaborating, he said, one solution in this
Published 21 Feb, 2012 12:00am
Rates of Debt Securities

Rates of Debt Securities

The following were the revised rates of debt securities on Monday (February 20, 2012).

Published 21 Feb, 2012 12:00am
THE RUPEE: all-round fall

THE RUPEE: all-round fall

Bears dominated the money market on Monday as the rupee slid in relation to dollar and euro, dealers said. The rupee drifted lower versus the US currency, shedding nine paisa for buying at 90.86 and 10 paisa for selling at 90.88 in process of strong deman
Published 21 Feb, 2012 12:00am
THE RUPEE: all-round fall

THE RUPEE: all-round fall

Bears dominated the money market on Monday as the rupee slid in relation to dollar and euro, dealers said. The rupee drifted lower versus the US currency, shedding nine paisa for buying at 90.86 and 10 paisa for selling at 90.88 in process of strong deman
Published 21 Feb, 2012 12:00am
Services trade deficit surges to $1.639 billion

Services trade deficit surges to $1.639 billion

The performance of services sector trade is gradually deteriorating as a notable rise of 184 percent has been registered in services trade deficit during the first seven months of current fiscal year. Economists attributed high deficit to massive decline
Published 21 Feb, 2012 12:00am
Services trade deficit surges to $1.639 billion

Services trade deficit surges to $1.639 billion

The performance of services sector trade is gradually deteriorating as a notable rise of 184 percent has been registered in services trade deficit during the first seven months of current fiscal year. Economists attributed high deficit to massive decline
Published 21 Feb, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 20, 2012).

Published 21 Feb, 2012 12:00am
Services trade deficit surges to $1.639 billion

Services trade deficit surges to $1.639 billion

The performance of services sector trade is gradually deteriorating as a notable rise of 184 percent has been registered in services trade deficit during the first seven months of current fiscal year. Economists attributed high deficit to massive decline
Published 21 Feb, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 20, 2012).

Published 21 Feb, 2012 12:00am
Haqqani's counsel waiting for visa

Haqqani's counsel waiting for visa

Zahid Hussain Bokhari, counsel for Pakistan's former ambassador to US Hussain Haqqani, said on Monday that he was waiting for a visa to visit London. He said that if there was no positive decision on his visa application by Tuesday (today), it would be ex
Published 21 Feb, 2012 12:00am
Haqqani's counsel waiting for visa

Haqqani's counsel waiting for visa

Zahid Hussain Bokhari, counsel for Pakistan's former ambassador to US Hussain Haqqani, said on Monday that he was waiting for a visa to visit London. He said that if there was no positive decision on his visa application by Tuesday (today), it would be ex
Published 21 Feb, 2012 12:00am
Saudi blames 'foreign parties' for Shia unrest

Saudi blames 'foreign parties' for Shia unrest

A Saudi interior ministry official says "foreign parties" are instigating unrest in Shia-majority eastern regions, calling the protesters "the new terrorists." The comments by the unnamed official were carried by the official Saudi Press Agency Monday. Pr
Published 21 Feb, 2012 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 18th February, 2012.

Published 21 Feb, 2012 12:00am
Saudi blames 'foreign parties' for Shia unrest

Saudi blames 'foreign parties' for Shia unrest

A Saudi interior ministry official says "foreign parties" are instigating unrest in Shia-majority eastern regions, calling the protesters "the new terrorists." The comments by the unnamed official were carried by the official Saudi Press Agency Monday. Pr
Published 21 Feb, 2012 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 18th February, 2012.

Published 21 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 Monday (February 20, 2012).

Published 21 Feb, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (February 20, 2012).

Published 21 Feb, 2012 12:00am
SSGC, KESC boards express determination to resolve issues

SSGC, KESC boards express determination to resolve issues

The management's of Karachi Electric Supply Company (KESC) and Sui Southern Gas Company (SSGC) on Monday resolved to amicably settle major issues including gas supplies and long standing arrears. According to SSGC, the chairman and board of directors of K
Published 21 Feb, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (February 20, 2012).

Published 21 Feb, 2012 12:00am
Appointments

Appointments

Punjab Chief Minister Muhammad Shahbaz Sharif appointed Muhammad Masood Lali, MPA as the Parliamentary Secretary of Irrigation Department and Joel Aamir Sahutra, MPA as the Parliamentary Secretary of Human Rights & Minorities Affairs Department. A notific
Published 21 Feb, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (February 20, 2012).

Published 21 Feb, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (February 20, 2012).

Published 21 Feb, 2012 12:00am
Senate passes Domestic Violence Bill 2012

Senate passes Domestic Violence Bill 2012

The Senate on Monday passed "Domestic Violence (Prevention and Protection) Bill, 2012" to provide protection against domestic violence to women, disable persons and senior citizens. Senator Professor Khurshid Ahmed also introduced "The Constitution (Amend
Published 21 Feb, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (February 20, 2012).

Published 21 Feb, 2012 12:00am
Senate passes Domestic Violence Bill 2012

Senate passes Domestic Violence Bill 2012

The Senate on Monday passed "Domestic Violence (Prevention and Protection) Bill, 2012" to provide protection against domestic violence to women, disable persons and senior citizens. Senator Professor Khurshid Ahmed also introduced "The Constitution (Amend
Published 21 Feb, 2012 12:00am
Nasrin, Dr Nusrat become deputy convenors of MQM Rabita Committee

Nasrin, Dr Nusrat become deputy convenors of MQM Rabita Committee

Members of the Rabita Committee of Muttahida Qaumi Movement (MQM), Mrs Nasrin Jalil and Dr Nusrat have been made deputy convenors of the committee. The decision was taken at a joint meeting of the committee in London and Pakistan, said a statement issued
Published 21 Feb, 2012 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (February 20, 2012).

Published 21 Feb, 2012 12:00am
Militant commander's houses demolished in Kurram Agency

Militant commander's houses demolished in Kurram Agency

The security forces on Monday destroyed three houses of militant commander Fazal Saeed, who had claimed responsibility for a bomb blast in Parachinar in Kurram Agency that killed 43 people on Friday last. According to sources in the administration, three
Published 21 Feb, 2012 12:00am
PML-N presents remedies for overcoming energy crisis

PML-N presents remedies for overcoming energy crisis

Pakistan Muslim League-Nawaz (PML-N) Monday presented long-term and short-term remedies to overcome the energy crisis underscoring the need of expediting work on gas pipeline projects signed with the neighbouring countries along with addressing the issue
Published 21 Feb, 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 (February 20, 2012).

Published 21 Feb, 2012 12:00am
Pir Mazhar quits as chairman Sindh Assembly special body

Pir Mazhar quits as chairman Sindh Assembly special body

Protesting the attitude of members belonging to PML-Q, PML-F and NPP, Pir Mazharul Haq, Chairman Sindh Assembly Special Committee Monday tendered his resignation. Speaker Sindh Assembly had constituted a Special Committee a few weeks back with the mandate
Published 21 Feb, 2012 12:00am
'Differences developed in PPP Punjab ranks'

'Differences developed in PPP Punjab ranks'

Differences have reportedly developed in the PPP Punjab ranks as its Information Secretary Dr Fakhar-ud-Din called on PML-N leader Hamza Shahbaz a day earlier after the party had refused to give him a ticket for Senate elections. However, no details of th
Published 21 Feb, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (February 20, 2012).

Published 21 Feb, 2012 12:00am
Revenue efforts on track: meeting on FBR performance concludes...

Revenue efforts on track: meeting on FBR performance concludes...

A meeting on the FBR performance was held here on Monday with Dr Abdul Hafeez Shaikh, Advisor to Prime Minister on Finance and Revenue, in the chair. The meeting was attended by the Deputy Chairman Planning Commission, Chairman FBR, Secretary Finance, Sec
Published 21 Feb, 2012 12:00am
Voter-list scrutiny: ECP to engage over 20,000 officials

Voter-list scrutiny: ECP to engage over 20,000 officials

Election Commission of Pakistan will appoint more than 20,000 officials as Revising Authorities to scrutinise the objections of voters regarding entries in the draft electoral rolls. The RAs will be designated the task of verifying entries and proposed co
Published 21 Feb, 2012 12:00am
Planning Commission and PSDP

Planning Commission and PSDP

The Planning Commission's publication Analysis/Review of Public Sector Development Programme (PSDP) dated August 2011 has raised several issues with respect to policy planning in spite of the fact that it starts with a very optimistic conclusion: "the pro
Published 21 Feb, 2012 12:00am
Trilateral summit

Trilateral summit

Pakistan, Afghanistan and Iran, who share among them a proud history, common aspirations and long borders, also harbour mutual distrust and apprehensions, the latter being largely the product of recent times. Now that this region has been tossed into the
Published 21 Feb, 2012 12:00am
Defending the un-defendable

Defending the un-defendable

Christian Wulff, the president of Germany, resigned within days of allegations being levelled against him about availing some favours (including a bank loan on favourable terms) while he served as the governor of the state of Lower Saxony much before beco
Published 21 Feb, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (February 20, 2012) and for Tuesday (February 21, 2012).
Published 21 Feb, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (February 20, 2012).

Published 21 Feb, 2012 12:00am
Young Syrians despair over unemployment and fear of death

Young Syrians despair over unemployment and fear of death

After almost a year of unremitting dying around him, Mahmoun, a 24-old Syrian, often thinks about his own death. In an improvised cemetery in the town of al Qusayr, where he lives, he points at a fresh hole in the ground. "This one is mine," he says, smil
Published 21 Feb, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (February 20, 2012).

Published 21 Feb, 2012 12:00am
Street crimes in Karachi

Street crimes in Karachi

This is in the context of a meeting reportedly held a couple of days ago by Additional Inspector General of police to review the measures for countering street crimes such as snatching of mobile phones etc in Karachi.
Published 21 Feb, 2012 12:00am
The Weather

The Weather

The weather report on Monday (February 20, 2012) and the forecast for Tuesday (February 21, 2012).

Published 21 Feb, 2012 12:00am
Call to allocate four percent of GDP to education sector

Call to allocate four percent of GDP to education sector

Lahore School of Accountancy and Finance Dean Muhammad Iqbal has urged upon the country's political leadership to allocate at least four percent of gross domestic products (GDP) to education sector. He regretted, "We are currently spending less than two p
Published 21 Feb, 2012 12:00am
PIA-IATA diploma course initiated

PIA-IATA diploma course initiated

In collaboration with International Air Transport Association (IATA), Pakistan International Airline has initiated diploma courses here. According to a spokesperson of PIA, here on Monday, the diploma will be awarded by IATA head-office in Canada after su
Published 21 Feb, 2012 12:00am
Two killed in a road accident

Two killed in a road accident

At least two persons were killed while four others were injured when an ambulance collided with a trawler here on Monday, police said. According to the details, the incident occurred on National Highway in Zahir Pir area when an ambulance, carrying a dead
Published 21 Feb, 2012 12:00am
CNG station in residential area: LHC issues notices to Ogra for May 31

CNG station in residential area: LHC issues notices to Ogra for May 31

Lahore High Court here Monday stayed construction of a CNG filling station situated in the residential area of Allama Iqbal town and issued notices to Ogra and others respondents in this regard for May 31. The court issued these directions in a petition c
Published 21 Feb, 2012 12:00am
Actress Tamanna Begum passes away

Actress Tamanna Begum passes away

Renowned film and television actress Tamanna Begum passed away in Karachi on Monday after protracted illness. Tamanna Begum was born in Lahore. She started her career with Radio Pakistan and did some theatre plays as well, a private news channel reported.
Published 21 Feb, 2012 12:00am
LHC Bar elections: PML-N lawyers' forum backs Chohan

LHC Bar elections: PML-N lawyers' forum backs Chohan

The Pakistan Muslim League (Nawaz) lawyers' forum has announced its support to Shafkat Mehmood Chohan as president Lahore High Court Bar Association for forthcoming Bar elections. This was decided in a meeting held with PML-N lawyers' forum President Nasi
Published 21 Feb, 2012 12:00am
Munda Dam Project: French Development Agency keen to provide funds

Munda Dam Project: French Development Agency keen to provide funds

The French Development Agency - Agence Francaise de Development (AFD) has shown interest in providing financial assistance for design and construction phase of Munda Dam Project and the case is being forwarded to AFD Board of Directors for formal approval
Published 21 Feb, 2012 12:00am
Protest rally held against loadshedding in Faisalabad

Protest rally held against loadshedding in Faisalabad

Twelve to 18-hour power loading shedding has forced industrial workers and masses to come out to the streets in Faisalabad. Hundreds of powerloom workers took out a protest rally from Jaranwala Road and stormed the Faisalabad Electric Supply Company (Fesc
Published 21 Feb, 2012 12:00am
Swedish entrepreneurs to help in winning GSP-plus status

Swedish entrepreneurs to help in winning GSP-plus status

A Swedish Clean Technology and a women entrepreneurs' delegation will visit Pakistan soon that would help strengthen bilateral relations between the two countries while Sweden would extend every possible help to Pakistan in winning Generalised System of P
Published 21 Feb, 2012 12:00am
Power shortfall surges to 5500 megawatts

Power shortfall surges to 5500 megawatts

The power shortfall surged to 5500MW on Monday due to disputes on payments between Pakistan State Oil (PSO) and Pakistan Electric Power Company (PEPCO), according to sources. Due to the power shortfall 10 hours loadshedding is being carried out in urban w
Published 21 Feb, 2012 12:00am
WWF organises Annual Travelling Nature Carnival

WWF organises Annual Travelling Nature Carnival

The World Wide Fund for Nature-Pakistan (WWF-Pakistan) organised its Annual Travelling Nature Carnival at Race Course Park, in partnership with the MCB Bank. The objective of the event was to motivate and involve youth and general public in valuing the ri
Published 21 Feb, 2012 12:00am
DGI&I IR nabs man involved in invoice scam

DGI&I IR nabs man involved in invoice scam

The Directorate of Intelligence and Investigation, Inland Revenue, Karachi, on Monday claimed to have nabbed a person, allegedly involved in multimillion rupees fake invoices scam. According to sources, the fraud surfaced when the Directorate had picked s
Published 21 Feb, 2012 12:00am
Cold, dry weather expected across country

Cold, dry weather expected across country

The Met office on Monday said rain with snowfall over the hills in Khyber-Pakhtunkhwa, Punjab, Gilgit-Baltistan and Kashmir were expected in the next 24 hours. It said cold and dry weather was expected elsewhere in the country, adding, "Western disturbanc
Published 21 Feb, 2012 12:00am
Farmers' advisory

Farmers' advisory

The wheat farmers should irrigate the standing crops as per need keeping in view the forecasted rains, the Met office advised on Monday. "Wheat crop is in heading/flowering development stages in the agriculture plains of the country," the office said in i
Published 21 Feb, 2012 12:00am
Condolence meeting

Condolence meeting

The Nespak Management, engineers, professionals and staff have expressed deep sorrow and grief on the sad demise of their former Managing Director, Engr. Sabir Pervaiz Chohan, who passed away on Friday. In a condolence meeting held at Nespak House Lahore,
Published 21 Feb, 2012 12:00am
KSE to de-list Atlas Engineering Limited

KSE to de-list Atlas Engineering Limited

The Karachi Stock Exchange (KSE) has accepted the request for de-listing of Atlas Engineering Limited and accordingly the company shall stand de-listed from the Exchange with effect from March 21.
Published 21 Feb, 2012 12:00am
Nine injured in armed clash over land dispute

Nine injured in armed clash over land dispute

Nine persons including two women sustained injuries in an armed clash between two groups over land dispute in the limits of Bin Qasim police station. According to police sources, two groups of Bugti tribe at Behram Bugti Goth of Bin Qasim town engaged in
Published 21 Feb, 2012 12:00am
GSMA Global Mobile Awards UBL Omni gets nominated

GSMA Global Mobile Awards UBL Omni gets nominated

United Bank's Branch-less Banking Division, 'Omni' is an established name in offering G2P Payments Services. It is one of the largest branch-less banking cash disbursement initiatives to date and has proved to be a quick and transparent mechanism for cash
Published 21 Feb, 2012 12:00am
GSMA Global Mobile Awards UBL Omni gets nominated

GSMA Global Mobile Awards UBL Omni gets nominated

United Bank's Branch-less Banking Division, 'Omni' is an established name in offering G2P Payments Services. It is one of the largest branch-less banking cash disbursement initiatives to date and has proved to be a quick and transparent mechanism for cash
Published 21 Feb, 2012 12:00am
Call for stopping 'misuse' of used car import's policy

Call for stopping 'misuse' of used car import's policy

Import of used cars in FY2011-12 is likely to touch the alarming figure of 40 thousand units, which would be another dent in local car manufacturing industry, therefore, misuse of the policy of import of used car should be stopped. This was stated by Ali
Published 21 Feb, 2012 12:00am
Five more fall prey to targeted killings

Five more fall prey to targeted killings

There is no letup in ongoing targeted killing as five more persons fell victims in separate incidents at various parts of the metropolis here on Monday. According to police and rescue sources, a watchman namely Gul Badshah Khan, 50 son of Khewa Khan was t
Published 21 Feb, 2012 12:00am
Fauji Cement posts Rs 102.486 million after tax loss

Fauji Cement posts Rs 102.486 million after tax loss

Fauji Cement Company has posted Rs 102.486 million as after tax loss in the half year period ended December 31, 2011 as compared after tax profit of Rs 251.132 million in the corresponding period in 2010. The company posted Re 0.081 per share loss in the
Published 21 Feb, 2012 12:00am
Fauji Cement posts Rs 102.486 million after tax loss

Fauji Cement posts Rs 102.486 million after tax loss

Fauji Cement Company has posted Rs 102.486 million as after tax loss in the half year period ended December 31, 2011 as compared after tax profit of Rs 251.132 million in the corresponding period in 2010. The company posted Re 0.081 per share loss in the
Published 21 Feb, 2012 12:00am
Four drug peddlers nabbed

Four drug peddlers nabbed

Sindh police on Monday claimed to have arrested four drug peddlers including a woman and recovered huge quantity of heroin and hashish from them. According to police, Napier police on a tip-off conducted raid at Haji Camp at Mehmood Shah Road and arrested
Published 21 Feb, 2012 12:00am
Wali Babar murder case: amended challan can be submitted

Wali Babar murder case: amended challan can be submitted

Anti-Terrorism Court (ATC) here on Monday granted request of the prosecution for submitting amended charge sheet after inserting section 7 of the Anti-Terrorism Act (ATA) in Wali Khan Babar murder case. The court after hearing arguments in the application
Published 21 Feb, 2012 12:00am
Appointments in FIA on deputation challenged

Appointments in FIA on deputation challenged

A division bench of Sindh High Court (SHC) issued notice to respondents for March 2 in a petition challenging appointments in Federal Investigation Agency (FIA) on deputation. After preliminary hearing of the petition filed by Muhammad Anwar, the bench co
Published 21 Feb, 2012 12:00am
GCU convocation tomorrow

GCU convocation tomorrow

The 10th convocation of the Government College University Lahore will be held on Wednesday, (tomorrow) at the university's Bokhari Auditorium. Punjab Governor Sardar Latif Khan Khosa will chair the proceedings. About 1300 students would receive degrees wh
Published 21 Feb, 2012 12:00am
Ghazi Barotha water project: CDA fails to make progress

Ghazi Barotha water project: CDA fails to make progress

The twin-city of Islamabad and Rawalpindi may face acute water shortage in the time to come, as the Capital Development Authority (CDA) has failed in making any progress with regard to the much-awaited Rs 48 billion Ghazi Barotha Water Supply Project (GBW
Published 21 Feb, 2012 12:00am
CDA officials not allowed to open controversial housing scheme

CDA officials not allowed to open controversial housing scheme

The allottees of Kurri Model Village on Monday staged a violent protest and did not allow the high-ups of Capital Development Authority (CDA) to inaugurate the controversial Park Enclave Housing scheme launched by civic body last year to overcome its fina
Published 21 Feb, 2012 12:00am
LHC approached for banning Basant

LHC approached for banning Basant

A bar member Ghazi Illam Din on Monday approached the Lahore High Court for banning Basant festival this year. The petitioner contended that a number of innocent people had died due to kite string but government had failed in taking any action against tho
Published 21 Feb, 2012 12:00am
Supreme Court urged to restrain registrar to exercise powers

Supreme Court urged to restrain registrar to exercise powers

A contempt petition urging the court to restrain Dr Faqir Hussain to exercise powers as the Supreme Court registrar for his alleged partisan moves in the contempt case against Prime Minister Syed Yousaf Raza Gilani was filed Monday. The petition was filed
Published 21 Feb, 2012 12:00am
Four Pakistani students to participate in LIYSE-2012

Four Pakistani students to participate in LIYSE-2012

Four Pakistani students for the first time will participate in London International Youth Science Forum 2012 (LIYSF-2012) to be held from August 16-30, 2012 in London. For selection of the participants of the Forum, interviews of the students were conduct
Published 21 Feb, 2012 12:00am
Kurram residents protest against Parachinar suicide attack

Kurram residents protest against Parachinar suicide attack

Dozens of people belonging to various areas of Kurram Agency staged a protest demonstration against the recent suicide blast in Parachinar that killed 29 civilians and injured score of others. Despite rain, the protestors assembled outside National Press
Published 21 Feb, 2012 12:00am
DCO for regulating poultry business in Lahore

DCO for regulating poultry business in Lahore

District Co-ordination Officer Lahore, Ahad Cheema has stressed regulating poultry business in the provincial capital in order to provide clean chicken meat to the citizens. He was talking to a five-member delegation of Pakistan Poultry Association here o
Published 21 Feb, 2012 12:00am
Ghee makers to continue strike

Ghee makers to continue strike

Pakistan Vanaspati Manufactures Association (PVMA) has warned that all ghee and cooking oil mills across the country be closed for an indefinite period which would result in serious shortage of ghee and cooking oil in next few days. The closure of the mil
Published 21 Feb, 2012 12:00am
Optical fibre cable system: Kick-off ceremony held

Optical fibre cable system: Kick-off ceremony held

A memorandum of understanding (MoU) for lying of cross-border optical fibre cable (OFC) system between Pakistan and China was signed in April 2007, while construction and maintenance agreement between SCO and China Telecom (CT) was also signed during the
Published 21 Feb, 2012 12:00am
MFN status to India will benefit Pakistan, says Khuhro

MFN status to India will benefit Pakistan, says Khuhro

Speaker Sindh Assembly Nisar Khuhro has said that India was a big market and granting an MFN status to the neighbouring country would benefit Pakistan. Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI) on Monday, he was optimistic t
Published 21 Feb, 2012 12:00am
5.6 million die every year due to tobacco

5.6 million die every year due to tobacco

Every year 5.6 million people died in the world due to tobacco. This was stated by Tobacco Control cell Hyderabad in a seminar on Monday. Addressing to the seminar, the Hyderabad Press Club President, Jaffar Memon said that tobacco is the second biggest r
Published 21 Feb, 2012 12:00am
KEDA seeks government help in clearance of goods

KEDA seeks government help in clearance of goods

President Karachi Electronic Dealers Association (KEDA) Owais Memon has requested the federal government, the Chief Minister Sindh and Chairman Federal Board of Revenue (FBR) to direct the customs authorities to release the goods imported from China under
Published 21 Feb, 2012 12:00am
Sattar inaugurates tallest building of country

Sattar inaugurates tallest building of country

We are to make our cities as the best developed cities of the world like Seoul, Shanghai and Kuala Lumpur in the next five years and for that we have to own our country by empowering our masses. This was stated by Federal Minister for Overseas Pakistanis,
Published 21 Feb, 2012 12:00am
Government urged to review agriculture policies

Government urged to review agriculture policies

President Kisan Board Pakistan (KBP) Sardar Zafar Hussein has said hike in prices of fertiliser and other agricultural inputs had badly affected yields of crops. Talking to a delegation of farmers on Monday he further said that the government had failed t
Published 21 Feb, 2012 12:00am
Meezan Bank achieves Rs nine billion MCR in advance

Meezan Bank achieves Rs nine billion MCR in advance

Meezan Bank Limited has achieved Minimum Capital Requirement (MCR) of rupees nine billion in advance, set by the State Bank of Pakistan. SBP has asked all banks to maintain a MCR of rupees nine billion by end of December 2012; however, with the massive gr
Published 21 Feb, 2012 12:00am
Meezan Bank achieves Rs nine billion MCR in advance

Meezan Bank achieves Rs nine billion MCR in advance

Meezan Bank Limited has achieved Minimum Capital Requirement (MCR) of rupees nine billion in advance, set by the State Bank of Pakistan. SBP has asked all banks to maintain a MCR of rupees nine billion by end of December 2012; however, with the massive gr
Published 21 Feb, 2012 12:00am
Bank AL Habib Monthly Saver Account

Bank AL Habib Monthly Saver Account

Bank al Habib Monthly Saver Account has been geared towards promoting the habit of 'saving'. The account offers monthly returns and no restriction on withdrawals. The profit is calculated at the rate of eight percent p.a. on the balance of Rs 100,000 & ab
Published 21 Feb, 2012 12:00am
IT research lab setup at UoP

IT research lab setup at UoP

The University of Peshawar (UoP) has established IT source and research lab worth of Rs 2.2 million for carrying out research activities in the university. The university acting Vice Chancellor and Dean Faculty of Islamic and Oriental Studies, Professor D
Published 21 Feb, 2012 12:00am
Gold climbs in London with euro on hopes for Greek deal

Gold climbs in London with euro on hopes for Greek deal

Gold prices rose more than half a percent on Monday as growing optimism that European leaders will sign off on a rescue deal for Greece lifted the euro, and after China's central bank further loosened monetary policy. Spot gold was up 0.6 percent at $1,73
Published 21 Feb, 2012 12:00am
Copper moves up

Copper moves up

Copper rose on Monday as riskier assets were buoyed by policy easing in China, the top consumer of most metals, and as the euro rose on expectations that the euro zone's policymakers would approve Greece's long-awaited second bailout.
Published 21 Feb, 2012 12:00am
Shanghai copper rallies

Shanghai copper rallies

The most-traded May copper contract on the Shanghai Futures Exchange fell 0.4 percent to 59,520 yuan ($9,500) a tonne on Monday. "It is a positive reaction (to China's policy easing), but we still have to see how sustainable these gains can be - we would
Published 21 Feb, 2012 12:00am
Bank of China moves closer to LME membership

Bank of China moves closer to LME membership

Bank of China International (BOCI) is on track to become the first Chinese member of the London Metals Exchange - giving the bourse a boost while it is considering possible takeover bids - following authorisation by the UK financial regulator.
Published 21 Feb, 2012 12:00am
Tokyo rubber futures jump

Tokyo rubber futures jump

Key TOCOM rubber futures jumped 3.1 percent to a five-month high early on Monday as a policy easing by China and prospects for Greece to clinch a second bailout sent shares and oil prices higher, while the yen sagged to a six-month low against the dollar.
Published 21 Feb, 2012 12:00am
Oil rises to eight-month high on Iran, China moves

Oil rises to eight-month high on Iran, China moves

Oil prices climbed to their highest in more than eight months on Monday, pushing Brent crude above $120 a barrel as Iran cut off oil exports to Britain and France while economic developments in Asia and Europe lifted riskier assets. Monetary policy easing
Published 21 Feb, 2012 12:00am
Oil rises to eight-month high on Iran, China moves

Oil rises to eight-month high on Iran, China moves

Oil prices climbed to their highest in more than eight months on Monday, pushing Brent crude above $120 a barrel as Iran cut off oil exports to Britain and France while economic developments in Asia and Europe lifted riskier assets. Monetary policy easing
Published 21 Feb, 2012 12:00am
Oil rises to eight-month high on Iran, China moves

Oil rises to eight-month high on Iran, China moves

Oil prices climbed to their highest in more than eight months on Monday, pushing Brent crude above $120 a barrel as Iran cut off oil exports to Britain and France while economic developments in Asia and Europe lifted riskier assets. Monetary policy easing
Published 21 Feb, 2012 12:00am
US oil demand to be sluggish for years

US oil demand to be sluggish for years

The United States may be living through 10 years of sluggish growth that does little to boost domestic oil demand in the short term, the former head of oil supermajor ExxonMobil told Reuters. Lee Raymond, 73, is renowned in the industry as the chief execu
Published 21 Feb, 2012 12:00am
ISO raises global sugar surplus forecast

ISO raises global sugar surplus forecast

The International Sugar Organisation on Monday increased its forecast for a projected global sugar surplus in 2011/12 to 5.17 million tonnes, up from a forecast of 4.46 million issued in its previous quarterly update. World production in 2011/12 was seen
Published 21 Feb, 2012 12:00am
Malaysia's palm oil exports down

Malaysia's palm oil exports down

Exports of Malaysian palm oil products for February 1-20 fell 2 percent to 783,112 tonnes from 799,210 tonnes shipped during January 1-20, cargo surveyor Intertek Testing Services said on Monday. Malaysian crude palm oil futures climbed to a near two-mont
Published 21 Feb, 2012 12:00am
Robusta front month premium collapses, cocoa, sugar up

Robusta front month premium collapses, cocoa, sugar up

London's front-month robusta coffee premium over the second month was largely erased on Monday, while cocoa and white sugar firmed in thin volumes, with US softs markets closed for a holiday. Front-month March robusta coffee futures plunged over 5 percent
Published 21 Feb, 2012 12:00am
Girl, shepherd killed in landmine blasts

Girl, shepherd killed in landmine blasts

A young shepherd and a girl were killed while a woman sustained serious injuries in two separate incidents of landmine blasts in the Kohlu and Dera Bugti districts of the province, official sources said Monday. The first incident took place in the Grisini
Published 21 Feb, 2012 12:00am
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